Word: wheated
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...that make Lenin's grand vision seem even more absurd than it did in 1921. Into London and Paris flew ungainly Aeroflot TU-114 airliners bearing gold bars imprinted with hammer and sickle for delivery to Western customers. To cover their huge purchases of Australian, Canadian and U.S. wheat, and their increasing trade with non-Communist nations, the Russians are selling gold in the West at twice last year's pace. They have already delivered about $200 million worth so far this year, and before year's end are expected to sell at least another $350 million...
...Italian mass market, which has tempted some businessmen to stretch olive oil with water and parmigiano cheese with sawdust, the Agnesis steadfastly insist on quality. Their spaghetti is made only from expensive durum wheat; lately it has become even more expensive because the company began importing U.S. and Canadian wheat when demand outran Italian supplies. But Agnesi spaghetti also sells for more, and proud Nonagenarian Paolo further insists that it be consumed correctly-with only a fork and with as little sauce as possible. Shocked when he heard that Germans were eating spaghetti as a side dish to sausage, Agnesi...
...modern times is softened, how much can the U.S. expect to increase its sales to the Communists? Under czars and commissars alike, Russia has never been a major U.S. customer because it had neither enough hard money nor desirable goods to offer in return. Before the one-shot U.S. wheat deal, the largest recent U.S. sale to Russia was $4,000,000 worth of inedible tallow. Now Khrushchev says that he wants to buy billions of dollars' worth of industrial plants and equipment to make chemicals, fertilizer and other products. For that, he probably will need heavy loans. Considering...
...companies cited, which do a total business of $305 million a year, include the two largest millers, General Mills and Pillsbury. Since 1958, the Government charges, they have fixed prices in the flour made from the hard winter and spring wheat that goes into white bread. Along with these firms, three presidents and three vice presidents were named as conspirators. The suit against the millers is much less definite than the steel case in details about how, when, and where the millers met to set; it claims that they used two economics news services to spread the word on what...
...Since the Korean war, says he, the millers' profit margin in the sale of bakery flour has held at 1% of the retail price of a loaf of white bread. Actually, argues Pillsbury, the Government has a bigger hand than the millers in setting prices. The cost of wheat makes up five-sixths of the flour price, and Government crop-support programs are the major factor in determining the wheat price...