COMMODITIES: Law of Nature

"Self-preservation has oftentimes been referred to as the first law of nature, and we suppose it applies to traders as well as others."

With these words, the U.S. Court of Appeals in Chicago last week wrote an end to one of the war's most frantic commodity scrambles (TIME, Sept. 23, 1946). It cleared General Foods Corp. and Brokers Daniel F. Rice & Co. of charges that they had cornered the rye market. It also ruled out Department of Agriculture orders suspending them from trading.

The Department had based its case on the fact...

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