Newspaper Page Text
AUK 16.1399.
COTTON.
j; eW York, Wednesday, Nov. 1G, 1898.
Union Recorder.—Commercially
speaking-, the result of the recent elec
tions has been to impart a feeling of
confidence that a stable basis for mer.
candle transactions is now assured.
With this feeling it is not surprising
that in spite of the probable enormous
yield of cotton for the current year, a
degree of uncertainty is felt as to
w b°ether the price will decline mater-
ially from the exceptionally low level it
has recently touched. During the week
the market has shown great resistance
i* a futher decline, and at its close a
1 sharp reaction has come as a surprise
to the local trade, which had apparent
ly learned but one lesson, that lower
prices must inevitably ensue. But the
unexpected often happens, and in the
movement of prices sometimes upset the
most caret ul of calculations.
The sharp advance in the Stock mar
ket, the optimistic feeling in general
business, the increasing demand for
Spot cotton is Liverpool, and the fall
ing off in the movement, conjointly
acted to advance prices; and the ad
vance was well held, indicating the
danger attending low price sales. A
further improvement will bring increas-
ad speculation by investors, who have
not yet been attracted by the low
prices.
Earlier in the week the report of the
Agricultural Bureau was received with
incredulity, and the estimate of the crop
based upon the yield of lint cotton per
acre (219 pounds) ten millions of bales,
was considered so small as to invalidate
the correctness of the figures. Tbe
estimate last year was 181.9 per acre
-—the final out turn about 227. Figur
ing on a similar discrepancy this season
with an acreage of 23,000,000, the re
sult appeared enormous; and the market
sharply declined under its effect. But
the impossibility of reaching any exact
conclusion soon weakened the influence
of the official compilers. Even now
some well informed observers in the
South, believe that the current opinion
exaggerates the size of the crop, and
that the frosts have curtailed it to a
greater degree than the trade accepts,
and that the very free marketing will
soon cause a falling off in receipts. A j
prominent Southern paper in a recent
noteworthy leader on the low price of
cotton says: it is evident to the rankest
outsider that a point has been reached
is the production of cotton when a halt
must be called, since it is perfectly
clear that current quotations are not
very tar from the cost of production,
unless the present price ia all profit."
Yours very truly,
HUBBARD BROS. & CO.
Tr.E NEXT CONGRESS.
The full election returns, it seems,
jive the Republicans a narrow margin
ot advantage in the next house of repre
sentatives. Had the contrary been
true, the result, as we have already ex
plained, would have been in accordance
with the precedent. There have been
very few exceptions to the rule that
presidents find themselves confronted
by a hostile majority in the house dur
ing the second year of their terms. In
deed, we may say that the only circum
stance which made this result doubtful
in the present instance was the very
great personal popularity of Mr. Mc
Kinley, and the confidence and affec
tion ha had won lrom the American
people. Under any other conditions a
Democratic success would have been
prortounced if not overwhelming.
We are quite sure that the Demo
crats themselves are to be congratulat
ed upon the outcome. They could not
possibly profit by having a narrow ma
jority in the next house, necessitating
a compact with Populists and silver
Republicans for purpose ot organiza
tion. They would be unable to broach
any policies or dictate any action.
The senate would be against them in
purely party matters, and behind that
would be the president with the veto
power. Under any imaginable circum
stances they could do no more than
dispense a very unimportant patronage
and sit at a Barmecide banquet of au
thority. A powerless majority is not
especially impressive, and the taiture
to accomplish results is always injur
ious to the party of which results are
expected,—Washington Post.
^
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sour stomach, malaria,constipa
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At Cost
And Below
JOSEPH’S STOCK.
At Cost
a* Below
The entire stock to be sold, regardless ot Profit or Loss, now under our
roof and invoicing at $40,000.00. This involves a stupendous sacrifice-
but must be made within the next 40 days.
Our entire stock of Silks, including the Newest and Most Desirable Selections at Actual Cost.
9 Our entire stock ot Woolen Dress Goods reduced to Actual Cost.
Our entire stock of Cloaks, Capes, Jackets and Wraps at Cost.
Ten Thousand Dollars Invested In
READY-MADE
CLOTHING
M
a
a
MUST BE REALIZED ON.
You can buy them almost at the COST of the Material,
saying nothing of the expense of making and trimming.
25.000 yds Sea Islands at 3 I-2c worth 5 cents.
50.000 yds Choicest Prints 4c. worth 5 and 0 1-4 cents.
10.000 yds 4-4 Percales, All New, at 10c worth 12 l-2c-
6
3,000
PAIRS OF
MEN’S, BOYS’, MISSES’ and LADIES.
Comprising the Leading Productions of America’s Largest
Manufactories, AT COST.
An Elegant Line of Ladies’ Fine Kid Boots, we have sold
them right along at $2.25 reduced to $1.85, just what they cost.
Every Item in this Stock is at
ACTTTAL COST.
There is Ginger and Pepper in this sale, .we must sell, but only
FOR CASH.
And your opportunity is now at hand to buy your needs at less price
than ever known. The sale will continue until the entire stock is dis-
^ posed of, when the store we now occupy will be vacated for a large Man
ufacturing Enterprize. This is absolute and we must sell out.
ADOLPH JOSEPH, A6ENT.
At €Iost and Below