Word: payments
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Dates: during 1950-1959
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...discussing plans to provide free food for similar programs abroad. Another idea is to barter farm surplus for goods and services that the U.S. Government would otherwise have to pay for in dollars. This week Japan signed an agreement to take $40 million worth of surplus food in part payment for U.S. purchases of arms and ammunition under the offshore procurement program (see below). The Agriculture Department has already got rid of $75 million in food in several such barter deals. Recently the department traded surplus food for European fertilizer to send to the U.S. Army engineers...
...remained to be done was to reach agreement on five disputed articles. Chancellor Julius Raab was willing and even eager to pledge Austria's neutrality. Foreign Minister Leopold Figl was sent to Berlin prepared to accept the heavy price demanded by the Russians for Austria's freedom-payment of $150 million for German war assets captured by the Russians, Russian rights to exploit 60% of Austrian oil production. "We have a problem of completely manageable magnitude," said Dulles. "If the Soviet Union will join us in doing this deed, the whole world will rejoice...
...Western newsmen, offering to provide Soviet orchestras for their hosts' enlightenment. Smart-suited Soviet buyers are shopping everywhere, touting a bottomless ^market (of 660 million Russians and Chinese) for the surplus commodities of Western farms and factories. The Communists want cotton, wool, fats, steel and rubber-and the payment they offer is attractive: gold, timber, even strategic materials...
...bulls had other good news. Aircraft shares got a lift when Douglas announced an extra dividend of $1.50, in addition to the regular $1 payment; the stock shot up 6½ points for the week. Douglas sales set a peacetime high of $874 million in 1953, and profits rose to $15.50 a share. Republic Steel reported that 1953 earnings were $56,743,547, second highest on record, equal to $9.25 a share...
Since the coolies would accept only Nepali coin in payment, twelve men had to go along just to carry the payroll...