Business: Not Right Now

Speaking of commodities in general and copper and steel in particular, President Roosevelt declared last fortnight that prices were entirely too high (TIME, April 12). As an experiment in talking down inflation, the President's pronouncement had by last week proved a notable success. His words touched off a world-wide break in commodities which left copper 1½¢ below its 17¢ -per-lb. high, lead off 1¼¢ (high: 7¾¢ per lb.), rubber off nearly 3#162; (high: 27#162; per lb.), wheat off 6#162; (high: $1.45). Most other staples tumbled proportionately, while the stockmarket...