Bisbee daily review., 1910-09-15

| cause an improvement in price later. it is well to remember. however. that when navigation on the great lakes closes. there is generally . drop in the prce of cereals to equal the in crease in the cost of transportation.
 Speculation in corn is limited. as the quantity of the crop will be un- oertan until secure. from frost. and as much corn was late in being planted. cary frosts would greatly di- | minish the quantity and quality of the harvest. The probabilities of early frost in this year of such vio- | tent changes in temperature is quite likely, but as the relative price of corn. considering it's feeding value. exceeds the other cereals it will not do to expect higher prices until this year is gone. unless there should be a general killing frost in the north ern corn states.
 That there is an enormous crop of oats seems certain. for the receipts at the principal western points dur ing August are the largest for one month ever recorded and the price is therefore receding.
 The corner in August cotton forced the price to 20 cents in New York.
 but the September option is less than 15 cents There is probably a short average crop of cotton, which an early frost may still further de crease. The cotton mills have very generally been shut down for the
 past two weeks, which shows the slack demand for cotton goods at
 present. but this must lead to 6 greater demand hereafter, so that the average price for the crop of 191o-i1 may be as good as that for iso9-10. As foreign cotton spinning business is improving the demand from that quarter should help to keep up the price and even increase it beyond the present level, for there will certainly be not great surplus 10 be taken care of.
 A very instructive paphlet on the tariff has been issued by Chairman Lloy dof the nat onal democratic con. gressional committee which contains classic on the principles Of i'm. provement in the revenue law, glyins the report of Robert J. Walker who was secretary of the treasury Of the United States in IS45. What NIT. Walker said then is just as appIic. able now, as it so admirably states the democratic policy on the tariff of his day as it does of the sane issue of our day. The pamphlet also con tains extracts from speeches of other great democratic leaders on the tariff which will be of the greatest help in confirming the faith of democrats in the principle of a tariff for revenue and in eonfuting the arguments of republicans. A continuation 4 this pamphlet will be mailed to dem ocrats by addressing Hon. Jarnes T. 1 Lloyd, chairman national democratic committee. Washington. D. C.
 The republican party" declares the republican textbook, stands for the imposition Of such duties a. will equal the difference between the coat of production at home and abroad, | together with reasonable profit for American industries.'" It is true that republicans promised such A re. vision in the 1908 platform, but It is safe to predict no republican candidate for office will declare that the tariff was ever r.- vised on that basis. All scnuine progressive republicans are on record as stating that the promise was is- nored es completely ss if it had never been made. Revision of the tariff on the basis indicated would have been . big downward revision vhfe the republicans revised it up-
 ward by III per cent.
 A NEW REPUBLICAN, PARTY