Word: wheated
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...social security approach to medical care for the aged. I don't. Rockefeller believes in federal aid to education below the college level. I will go with him on federal aid to colleges, but I disagree in the lower grades. He believes in the sale of wheat to our enemies. I don't. He favors a limited test ban treaty. I oppose...
Having survived a wintry blast from Congress that nearly killed it, the great wheat deal between the U.S. and Russia finally yielded its first cash crop last week. In the biggest one-shot commercial grain transaction ever made by a U.S. firm, Manhattan's Continental Grain Co. agreed to deliver a whopping 1,000,000 metric tons of wheat to Black Sea and Siberian ports by early spring for $78.5 million, including shipping costs. Presumably, to compensate Continental for the difference between the heavily subsidized U.S. price for the wheat ($90 million) and the lower world market price that...
...Agriculture Department spokesman said the U.S. would save $5,000,000 a year in storage costs by the 1,000,000-ton reduction in its wheat stocks. The Russians, he added, were paying cash, but he did not elaborate. The whole wheat deal, originally approved by President Kennedy in October, nearly collapsed when congressional critics tried to prohibit the extension of credit to the Russians and demanded cash instead. Whether half of the wheat would move in U.S. vessels, a condition that Kennedy laid down to make the deal politically more palatable but that the Russians resisted because of higher...
Partly as a result of the wheat sales and partly because of continuing U.S. prosperity ("The way they go, we go-only a little better," says one Canadian official), Canada's entire economy showed impressive growth for 1963. Gross national product grew 6% to a new record of $42.5 billion, exports jumped 8%, and foreign-exchange reserves for November stood at a near-record $2.6 billion. The forecast for 1964: more of the same...
Proceed on Two Legs. Wearisome hours remain for details to be worked out, and the bothersome issue of deciding common prices for wheat was shelved until after the German elections two years hence. But the Common Market reached agreement on common prices and policies for rice, beef and dairy products, the three most important agricultural categories at stake in the 14-day discussions. The Germans, who had opposed lowering prices right away as too great a shock to their inefficient farmers, won the right to continue to subsidize their dairy farmers a while longer and to buy Danish beef until...