Business: State of Trade

Copper went last week to /7¢a pound, up from a January low of 5¢. Even hogs (which started last summer's boom and then dropped it) decided to move together in the right direction. More important than wheat, corn or cattle, hogs provide 12¢of each farm dollar.

As the Farm Board sold its last 8,000,000 lb., cotton contracts touched 9¢a pound. Venerable Boston wool merchants compared their market to the Wartime boom as the old clip neared exhaustion and wool tops hit 78¢ a pound against the year's low of 54¢. In New...

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