STATE OF BUSINESS: Freer & Higher

No sooner had the Government issued the new decontrols on materials and prices (see NATIONAL AFFAIRS) than the law of supply & demand reasserted itself. In areas where shortages still existed, prices moved up. On the West Coast, crude oil went up 10¢ a barrel, and Socony-Vacuum predicted a nationwide boost of 1¢ a gallon in the price of gasoline. Scrap copper, supplies of which had dwindled to almost nothing in expectation of a free market, scooted up 4¢ a lb. to 25¢. Since that was more than the ceiling price on refined copper (24½¢...

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!