EAST-WEST TRADE: Stampede to Moscow

PRESIDENT Nixon's summit trip to Moscow in May could well be remembered by American businessmen as a visit of Perryesque proportions. It has already helped net a record $750 million sale of U.S. grains to the Soviets, and Yankee traders of practically every political persuasion are calculating how they might profit from the "opening up" of that great, unexplored Soviet market. Last week two capitalist corporations scored important, and potentially spectacular gains in U.S.-Soviet exchange. In the process, one of them set off the first old-fashioned Wall Street stock sizzle ever caused by a deal with the Communists.

Behind the...

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