Befuddlement

Most spectacular news in the business world last week was the craze for commodities. But the most serious news was the weakness of U. S. Government bonds. It became clear that an issue of Home Loan Bonds had not been snapped up by the public--and the banks, with more Government bonds than ever before in history, tended to sell rather than to buy. Nationalization of silver simply added to the befuddlement concerning the future of U. S. finances.

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