THE ECONOMY: The Last to Go

There is still need for new controls against inflation, President Truman bravely said a fortnight ago, because the price of metals, such as lead, is still going up. The President could hardly have been more unfortunate in his choice of illustration. Last week, the price of lead dropped 2¢ a pound (from 21½¢ to 19½¢)#151;the first major break in non-ferrous metal prices since their phenomenal rise on the death of OPA. When even the cut failed to bring any increase in demand, this week American Smelting & Refining Co. cut the price...

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