THE AMERICAS: Help for Commodities

Latin American nations last week got a promise of U.S. aid for the economy-bruising slump in the prices of the commodities they sell. Secretary of State Dulles, in a Pan American Day speech, made it clear that the U.S. was fully aware of its Hemisphere neighbors' troubles, and was now prepared to reverse the long standing policy of staying out of international parleys designed to support or stabilize prices.

The switch came just as many of Latin America's one-product countries reached peaks of discontent. Item: Chile's President Carlos Ibáñez, already badly upset over the low price of his country's...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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