Commodities

Cotton declined sharply from recent high levels. In general, however, commodities continued to rise in price. Copper has recovered its recent slight recession on heavy London buy. So universal are premiums for early deliveries of steel products that prices for such deliveries are in practice rather meaningless. The Steel Corporation is operating at 92% of capacity. Railroad buying has slowed up, but so great is the demand that the only check to production lies in the shortage of common labor.