METAL: A Crucial Deal in Copper

Last week, as it has been for nearly three months, the U. S. price of copper was stable at around 12¢ a pound. It was the lowest level at which U. S. copper producers have ever been sold out. Reason for their moderation at the banquet table is one of the major phenomena of U. S. national unity—a shotgun wedding between the Defense Commission and big-time coppermen. Cooperating with Commissioners Henderson (prices) and Stettinius (materials), coppermen had accepted the New Deal program on prices—i.e., kept them down. But the remarkable extent of...