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...

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