Foreign Trade: Impasse on Wheat

The great wheat deal with the Russians last week entered a backing-and-filling phase.

Two weeks ago, a Soviet trade mission in Ottawa offered to buy some $200 million worth of U.S. wheat to ease the effects of a disastrous harvest. Czecho slovakia, Bulgaria and Hungary weighed in with formal bids for another $60 million worth. First reaction in the U.S. was heavily favorable—even Arizona's Senator Barry Goldwater said he was for it. But suddenly the whole thing seemed to bog down.

Grubbing for Gold. The Russians were hesitant to submit an official or der, wanted advance assurance from Washington that it...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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