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(Studio) United States and USSR conclude 5-yr. grain deal involving 6 million tons grain a year at present market price, starting in 1976. United States lifts embargo on grain sales to USSR .
REPORTER: Walter Cronkite
(DC) Announcement made after stock market closed. [Press Secretary Ron NESSEN - says United States obtained stable, long-term foreign market Cites advantages to agreement.] Agriculture Secretary Earl Butz says extra sales to USSR this year not expected to drive up prices. USSR will still talk about selling oil, but Federal Energy Admin. chief Frank Zarb says major issues still to be worked out.
REPORTER: Bob Schieffer
- Cronkite, Walter;
- Schieffer, Bob
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