Word: lubimov
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...nations which are not holding back to jump in and sell their wheat. They are selling cheap, but not so cheap as they would have to sell if the U. S. and Canada were not holding back. Picturesquely last week Sam McKelvie barked (for the special benefit of Isidore Lubimov, the Soviet chief delegate): "We are not going to hold the umbrella for other countries forever...
Comrade Isidore Lubimov and heads of most other delegations understood Nebraska's McKelvie to mean by this that the U. S. and "her trusty vassal Canada" (as the Moscow Izvestia put it) are about to start dumping-"and how!" (a phrase popularized abroad by U. S. talkies). The European impulse was to call Mr. McKelvie a hypocrite when he said that under Federal Farm Board aegis the 275 million surplus bushels of U. S. wheat "will be sold, but they will be merchandised in orderly fashion; they will not be thrown overboard for anything they will bring, to demoralize...
...Soviet Union, Chief Delegate Isidore Lubimov stated that Russia is committed to the Five-Year Plan, that the plan lays down a progressively larger wheat acreage each year, that Russia cannot therefore reduce her acreage, and finally that she fears no Capitalist wheat nation's competition. Reason: She is convinced that her Communist wheat farms can grow wheat cheaper than it can be grown elsewhere. Therefore she can meet and beat all wheat competition-unless the Five-Year Plan breaks down...