CANADA: Surplus Sales

In Canada, as in the U.S., government farm price-support programs have piled up mountains of butter and wheat. Last week Canada arranged two neat deals to sell part of the worrisome surplus behind the Iron Curtain for cash. To Red-run Czechoslovakia will go 300,000 lbs. of butter at 42½¢ a lb.—15½¢ less than the government's own purchasing price. For $19 million, grain-hungry Poland will get 10 million bu. of low-grade wheat.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!