COPPER: Brake Applied

Among his many roles, Franklin Roosevelt sometimes plays a sort of policeman, signaling stop & go to commodity prices. Year and a half ago he signaled stop with such success that prices broke the world around. Three weeks ago the "White House Spokesman" warned that certain commodity prices must not be allowed to run away. Copper, for example, should not be allowed to reach 18¢ again. Though copper has often been a runaway (in 1916 reaching an all-time high of 31.89¢), it got no higher than 17¢ last year, then dropped to 9¢...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!