GREEK shipowners who bought surplus U.S. vessels despite the law banning such sales to aliens are in for more trouble from the Department of Justice (TIME, Sept. 14). This week a grand jury indicted Greek Shipping Tycoon Manuel E. Kulukundis on the ground that he illegally bought U.S. ships through a series of subsidiary U.S. corporations. Federal agents are planning to seize the 10,172-ton tanker S.S. Sweetwater and some 24 other ships allegedly owned by Kulukundis.
TURNABOUT in farm prices in December (up 1.2% after a four-month drop) was due largely to...