Business & Finance: Market Decline?

Col. Leonard P. Ayres of Cleveland is an admirable prophet. Employing no mysteries or obscure language, he states not only what he thinks of the future, but also why. Thus the reader of his predictions can judge not only his conclusions, but also his methods of arriving at them.

Col.. Ayres believes that the long-continued advance in securities prices will be brought to an end within the next few months. Pointing out that bond prices are now higher than they have been for eight years, and that average industrial stock prices are higher than ever...

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