STATE OF BUSINESS: The Bright Sunlight

When oldtime mine mules were brought to the surface after years in the coal pits, it took them several days to get used to seeing in the sunlight. Wall Street had the same reaction last week when President Eisenhower dropped all wage (and some price) controls, his first big step towards liberating the U.S. economy (see NATIONAL AFFAIRS). Blinking at the sudden sunlight, traders began selling furiously, drove the stock market's Dow-Jones industrial average down 7.61 points in a week to the lowest level of the year.

Simultaneously, corn, wheat and other...

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