× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

US-USSR / Wheat Deal #224855

CBS Evening News for Monday, Sep 18, 1972
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) House agriculture subcommittee continues investigation of wheat sale to USSR , esp. that advance information helped big grain firms to reap windfall profits. Telephone calls of especially concern today.
REPORTER: Walter Cronkite

(Capitol Hill, DC) Agriculture Department officials admit telephone calls; deny calls provided inside information that aided pricing. Charles Pence admits calls on August 24 to tell them of policy change already in effect: government no longer guaranteeing subsidy levels. Claims information not beneficial to exporters. [Agriculture Department, PENCE - explains action in context of subsidies. Disavows knowledge of price futures, but admits exporters might have thought in that direction.] 1 Republican calls investigation a witch hunt; but Democrats said unconvinced, especially Representative John Melcher. [MELCHER - questions reasons for calls.] Questions to be raised regarding Clarence Palmby, example Agriculture Department official who was involved in USSR negotiations them later joined grain firm. Palmby to appear tomorrow.
REPORTER: Barry Serafin

Reporter(s):
Cronkite, Walter;
Serafin, Barry
Duration:
00:02:30

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.