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...turned out, Khrushchev's information was slightly stale. After a month of fruitless haggling, the Russians had indeed been on the verge of calling the whole deal off early last week. Their main complaint was a provision that the wheat must move in U.S. ships, whose rates were as much as $10 a ton higher than foreign rates...

Author: /time Magazine | Title: Foreign Trade: The Big Wheat Deal | 11/15/1963 | See Source »

...threatened to break off the talks, Khrushchev declared that "the grain dealers in America have made a reasonable approach." At week's end the Russians accepted the terms, and the scramble was on among grain companies for orders that are expected to total 150 million bushels of wheat...

Author: /time Magazine | Title: Foreign Trade: The Big Wheat Deal | 11/15/1963 | See Source »

...feed grain dealers and elevator operators, the wheat cannot move fast enough. Bumper harvests have gorged Midwestern elevators, and millions of bushels of corn and sorghum have just been dumped on the ground. In Hannibal, Mo., the corn is higher than an elephant's eye. Smack in the middle of lower Broadway lie 57,304 bushels of corn in a pile two stories high. The U.S. has lately sold corn to Hungary. Would Russia like some...

Author: /time Magazine | Title: Foreign Trade: The Big Wheat Deal | 11/15/1963 | See Source »

Murder at the Wall. Apart from claiming victory in last week's Berlin incident and deploring the difficulties on the wheat deal (see THE NATION), Khrushchev suggested that Russia had not really given up on the moon race, at least not for the long run, and he almost teasingly hinted that the Sino-Soviet split might be mended one of these days: "The more you rejoice about the differences, the greater your disappointment will...

Author: /time Magazine | Title: Cold War: Nikita & the Capitalists | 11/15/1963 | See Source »

Farm Hands to Presidents. Argentina's great wave of Italian immigrants -which in time reached 2,250,000-began in the 1800s, when the country needed farm hands to help bring in its beef and wheat crops. Before long, thousands of Italians-giddy with romantic tales of the Argentine pampas-were hurrying across the Atlantic. In the mid-1800s, some 200 Italian families set up a silk-spinning industry in Chaco province; later they began a cotton industry. When Argentina constructed a new Congress building, it was an Italian architect who designed it, an Italian company that built...

Author: /time Magazine | Title: Argentina: The Italian Way | 11/15/1963 | See Source »

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