Foreign News: Cost

Despite blast and counterblast between President Roosevelt and Soviet Foreign Minister Litvinoff, each of whom remains convinced that the other is a liar,† Russia's Amtorg Trading Corp. continues to buy in the U. S. much as if there had been no quarrel-making diplomatic recognition of Moscow by Washington (TIME, Nov. 27, 1933). Last week bustling Amtorg Board Chairman Ivan Boyeff signed in Pittsburgh a contract with Pittsburgh's United Engineering & Foundry Co. to buy more than $3,500,000 worth of electric-powered, roller-bearing equipment for the $700,000,000 Zaporozhstal (steel) Works, most of which will be...

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