While the U. S. Supreme Court was pondering the gold cases, the upward surge of business that started last autumn slackened appreciably. It was generously predicted, however, that once the gold decisions were out of the way, a flood of orders, contracts, financing and refunding would be promptly released.
True, the stockmarket greeted Chief Justice Hughes's pronouncements last fortnight with a skyrocketing rally but prices soon relapsed and trading dropped back into its old rut. Bonds, notably Governments, climbed to new records but as a business shot-in-the-arm the gold clause decision was...
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