The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-09-28

. temporarily lost all the advance gain
cd in the last bull movement. whic
, bean early IN July. A drop of 10 T.
} Is points within d few DAYS was il
. reality a rather violent decline. al
though not AT all surprising to thog,
who have INDUCED in conservatiy,
, views, All along the market has beer
exposed to two special dangers,
crop scare or political scare, anC
was certain to be particularly sensi
: tive to either owing to the inhationary
' level which values had reached. For
lunately, the country has been saved
a crop scare, the worst calamity that
could have happened, but the political
Iscare came with unexpected sharp
ness II is probable that the outlook
is not so uncertain as Just now ap-
pears, because the issues at stake are
Iclouded by campaign smoke and talk.
which are always hottest in the SIX
weeks preceding election. As mat
! ter of fact there are no critical IS
sues before the people which are ser
touslJ disputed. Both parties are sin
guarly alike in their appeals to thnI
people, differing chiefly in the degrees
land methods by which they would ar
tain certain ends; and they might
be more correctly classed as conserya-
tiyes ana radicals than Republicans /
and Democrats. o1'day the issues are |
chiefly personal, and while they may I
easily precipitate the hottest sort Of T
discussion they are less likely 10 eX-
ert any permanent disturbing effect
than would the opening up of some
great social or economic question /
Fhe tariff problem is of vastly more
Importance TO the bushes public than T.,
he PERSONAL differences between the
wo candidates. and as both parties
pledged to revision the country must +
~ prepared to face a period of tariff ,
agitation as soon as congress con f
'enes. There is little probability, how
.rer, 81 any radical tafin changes, Tor =
neither party cares to incur the re q
OF prolongins business d. a
rcssioa yet the more uncertainty as a
Dns rs it lasts will be a deterrent
pom business. for no one will care to 4
lake new ventures until the outcome .,
; settled. Our lawmakers, therefore Il.
boud be impressed with the idea that
ction should be prompt and calcu
tied to give as much relief with as
tile arrangement as possible.
As tor the future of the market. b,
Iere is nothing to warrant expecta q,
ons of any serious decline. Follow an
g The sharp break of Monday and Ia
lesday there was a natural recovery nv
values accompanied by more or less "
nod buying OF the active stocks. Such In
HES are to be- expected at this time.
f stocks generally are i'm strong ma
ntrol, aud though prices may be- fac
sh the market is in much soundcr We
ndition than before the panic ON 80
o other hand, the situation has been in,
nsiderably weakened by the selling an,
big holders who have taken their of
)fts on surplus lines and will wal, 53,
a more pronounced decline before no.
ncwing their purchases Just az .1q0
asent there are several factors of
ich are les favorable to an AL e.
ace taau two or three weeks age
Hcy. for instance, is firmer. and the has
naud for cropmoyiug purposes is |if
" making itself felt interior b5i- tbo
EOS held here being withdrawn in Wei
sequence. The fact that prices for spa
eat aud corn are az high or higheJ sbo
IA last year aud the crops larger nan
ans that the demand for crop funds iJ,r
5 fall iu the West may be heavier SIR,
n a year ago. In the South. how. can
n. the situation is different. since , 81,
ton is selling fully 2i5, or ~ per os
L, below last years prices. This *
ans The crop will yield between 100 bis
125 million dollars less to the MIA,
IN than last year. an because o. sion
falling of in consumption. which irJ,
General the world over Evidently mar,
West is going to- be relatively .f.,
20 prosperious this year than the mas.
Oh. o view which is borne out BE- ted
advices coming from the two sec fB ,
IS. those from the West being Opt IA. &,
tic and confident. while those from s,rf
South are Jess hopeful Much g. rs,-,
rd of combinations of growers 20 4.
So thr decline and the dis9rderIv .f,,.
rs of might rulers in The cotton .sr,
such difference in fundamental an b.,
ii'ions win inevitably affect The set5o
ic Of railroads in their respective NOR,
ions. and the Southern roads can r8o-.
'y escape feeling The depression Conc
be cotton industry The Western h..
s.. on the contrary. ought 10 do ,-7,
tr. Another feature which mast ,---.