Business & Finance: Prophets

This is the time when "leaders of business" are heard from in regard to the probable course of affairs during the new year. Editors of "annual financial reviews" here rushed about collecting opinions with great assiduity.

Practically all the gentlemen who sign these annual opinions (most of them are actually written by professional publicity men) mainly desire to appear cheerful, resolute and yet noncommittal. As literature, the reports are colorless and a trifle tedious as a rule; as prophecy, often ludicrous.

This year the business Nestors have said much concerning the Mellon...