ABC Evening News for Thursday, Jul 17, 1975
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(Studio) Canada sells 2 million tons wheat to USSR . 2 United States companies sell 3.2 million metric tons to USSR . Report on current grain sales and their impact.
REPORTER: Howard K. Smith
(Minneapolis, Minnesota) Barge loaded with wheat. [Cargill spokesperson Roy WALLACE - says our affiliate in Europe agreed to sale of wheat to USSR . 1.2 million tons sold.] Cook Ind. sold 2 million tons. Cost in all: $500,000,000. Agriculture Secretary Earl Butz says United States could sell 10 million tons with minimum impact on food prices. [Baker George EMRICH - says psychological impact of sale should be ironed out so people won't feel insecure.] Prices fell on grain exchange. American balance of payments position, farmer, grain dealer and USSR to be helped.
REPORTER: Herbert Kaplow
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