BUSINESS ABROAD: Spindles from America

Back in the '20s and '30s, U.S. firms helped build tractor plants in Stalingrad and a steel mill at Magnitogorsk; and U.S. engineers helped build Russia's great dam on the Dnieper.

This strictly business collaboration between Communist and capitalist—generally out of fashion the past twelve years —was revived last week. Intertex International, a New York agency representing some 40 U.S. firms, signed a contract in Moscow to equip a $30 million textile plant at Kalinin, midway on the main road between Moscow and Leningrad.

This will be the biggest diversified textile plant equipped with U.S. machinery to be built anywhere outside...

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