Word: millions
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Dates: during 1960-1969
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...fertilizer and increased irrigation-have coincided with successive years of beneficent weather to produce a bumper crop of wheat. India and Pakistan, both traditional grain customers, have increased wheat production by 40% since 1966 and are now near self-sufficiency. The total stock in wheat-producing nations is 51 million metric tons, or almost the same amount of wheat that has been exported annually in world trade...
Feast or Famine. Now Canada's problem is finding buyers. Even the Russians, saddled with their own surplus, seem disinclined to accept the final 150 million bushels of wheat that they had ordered in 1966 as part of one of the largest grain sales ever concluded. Last month, the five major wheat producers met in Washington to shore up the sagging price floors, but the meeting adjourned without agreement...
They were still heavily outgunned in shares and assigned proxies, 72 million to 308 million. But, as one insurgent shouted, "I have been in India and I know the meaning of passive resistance. We will stay here ten days if necessary." A filibuster was on. Every now and then, somebody would jump up and shout: "Shareholders of Montedison, resist!" The meeting went on for 17 hours until 2:30 a.m. Ultimately, Valerio and the government forces had to accept a stalemate. The proposed rule change was tabled, pending a future session...
...Germany's smallest but soundest automakers, NSU Motorenwerke, voted to merge with a Volkswagen subsidiary, Auto Union. They thus formed a combine that could rank on its own as Germany's third largest automaker. NSU, which turns out four basic models, will contribute more than $140 million of the subsidiary's total $400 million in sales this year, and a valuable reputation for innovation as well. It devised the highly efficient Wankel engine, which powers the popular new RO-80 sedan (price...
...Volkswagen could rest easy. In 1968, sales of the world's fourth biggest automaker (after the U.S. Big Three) rose 25%, to nearly $3 billion-and they are running 12% above that rate so far this year. The company's profits advanced 21% last year, to $85 million. Still, VW faces special perils. Revaluation of the German mark (see Money, page 90) could cut into exports by raising prices in foreign countries, where the company does more than three-quarters of its business. VW is also being tail-gated by hustling Japanese automakers. Last year, Japanese competition...