COMMODITIES: Speculator!

In the global scramble for strategic materials, Russia last week grabbed with both hands. In Singapore, the Soviets bought rubber by the shipload, sent prices bouncing up almost 6¢a pound in one day to 52.5¢ a pound. As a result, rubber also rocketed in New York—to 54.3¢ a pound, a 22-year record. New York's Commodity Exchange governors, fearing that the futures market was soaring out of control (a speculator who put up $800 to buy rubber futures in January could have had a $7,500 profit last week), ordered speculative futures margins doubled;...

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