Word: sales
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Dates: during 1960-1969
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...Idaho Democrat Ralph Harding. "They might contract lung cancer." In the Senate, Kentucky Republican John Sherman Cooper declared, "I dislike seeing the United States, great nation that it is, chasing off in a grubby manner after Russian gold." In Coronado, Calif., Goldwater reversed his field, charged that the wheat sale, coming on top of the proposed joint moon venture, is fresh proof that the Kennedys are running "a Soviet-American mutual aid society...
Sweetening a Sale. Despite the grumbling, overall sentiment for the deal was strong, particularly in view of the fact that Canada, Australia, West Germany and France are already selling wheat and flour to the Russians. Senate Minority Leader Everett Dirksen said he would go along with it, though he urged the Administration to seek "sweeteners" in the form of political concessions. Wheat growers approved overwhelmingly, with or without sweeteners. Agriculture Secretary Orville Freeman pointed out that the deal would yield a handsome propaganda dividend by showing the world "which country has the agriculture that works." Fact is, both...
Sticking on Subsidies. At first blush, a U.S. wheat sale seemed like a good idea. It would cut the nation's 1.2 billion-bushel wheat surplus-if only by 75 million or 100 million bushels. It would narrow the U.S.'s $5 billion deficit in the balance of payments-if only by a small fraction. A.F.L.-C.I.O. President George Meany, an opponent of any deal with the Reds, was for this one. So was Commerce Secretary Luther Hodges. So were Senate Foreign Relations Committee Chairman J. William Fulbright, Senate Agriculture Committee Chairman Allen Ellender and House Agriculture Committee...
...Administration was eager to close the deal. But it had several bushels of problems. The Soviets like to pay only 25% down for their wheat, and the rest over 18 months. But U.S. law forbids credit sales to countries that have defaulted on their debts to the U.S., as the Soviets did on their lend-lease debt to the tune of $800 million. Beyond that, the U.S. taxpayer would be subsidizing the sale: to make up the difference between the high-propped U.S. price of about $2.30 and the world market price of about $1.75, the Government pays U.S. wheat...
...dealers dropped out of the Ottawa negotiations at week's end, said they wanted to dicker separately with the Russians. Even enthusiastic supporters of the deal conceded that much more was needed to really solve the farm-surplus and the gold-outflow problems. But a big U.S. wheat sale would have some advantages. Most of all, it would dramatically demonstrate to all the world the sorry economic state of Communism in Russia. The evidence is already visible in Leningrad and other Russian cities, where long queues form in front of bakeries to buy bread...