Columbia University Libraries Digital Collections: The Real Estate Record

Please note: this text may be incomplete. For more information about this OCR, view About OCR text.

September ■ Record and Guide. 816 ESTMLiSHED-^AV-RCH ?!tr< IS6&.;;^ DeV&TEO 10 f^L ESLME . BuiLDlf/G ■Aíĩ,ClílT£CTJ[^E ,f{ũUSCT(OU) DEOORiMiaÍ Busik'ess aiJd1he[íes Of GeHeîvI- 1;JT£ivs| PRICE, PER ¥EÃR IN AUrANCE, 8IX DOLLARS. Pablished every Saturãa'y, TBIÆPHOKE, .... CORTLA.KDT 1370. Communlcations should be addreased to C. W. SWEET, 14 & i6 Vesey St. J. 2. HNDSEY, BuMTiess Manager. "Efnteredat the Post-offloe at New York, N. ¥., as second-class matter." VoL. L. SEPTEJtfBER 10, 1898, No. 1,278 Every subscriber to The Record and Gxjidb should see that víîth this mtmber he is suppUed with a four-page Illustrated Supplement. YERY little can be said of a market so narrow and so profes- sional as that no(v seen at the Stock Excbange. The evi- dence ĩsvery strong Ibat the public faiied to be afĩected by the seduutive operations iii the Industrials a few weeks ago, and a sus- tained upward tnovement in railroad stocks has been impossible for months. Good iiews falls flat aud on ĩvattentive ears, whlle bad is not altogether iueffiective. Sugar í'ailed to advance on the increaĩie of its dividend, while St. Paul Common déclined a little because of the low rate at which its dividends were resumed. If the disappointment felt in Wall Street at the amount of the divi- dend paid on the Common stock fouud full espression in quotations the pric.e would be much below wliat ít is, aud there is no doubt that support has been given to the atock to prevent that disappotntment findiug expression in that way. Of course the directors did the wise and conaervative thing, and as directors are uot responsible for the fact that the stock is seliiug above value, That ia the fault of the buyers wlio have been so uuthinkingiy sanguine. Though the blame lies in that directîon tlie effects of tlieir disappointment will be seen in the price, not only of St. Paul but of other speculative issues. While it is possible for any strong parby of professionals to make a movement either way in its discretion, nothing has yet occurred to chwnge tbe view previoualy expressed here o£ the course of prices in the long run. THE coming campaign promises to lack much of the enthusiasm and ■'polîtical" vigor which usually accompanies a Presi- dential conteat. lu part, thís is because the polítician element wĩll be less active than usual, for the campaign oflers comparatively faw réwiirds for those patriots who are hot to eave the country for ,**ívhat tbai-e ia in it." Harrison beiug " in," there Ís, of course, lilJile for hiiB to beetow upon the faitbful beyond a continuance of £iJB favor ; and as to Cleveland, he doesn't stand in too bigh estima- tíbn ^tíd affeciion with the mere political element of his party and is not likely to do more tor it than the exigencies of "politics' demand. Tbere is no reason for regretting this quietude. For mĩvny campaigns past election has been too much an affair of who-- can shout the party cry loudest. There has been too jvuch of the air of the circus about the contest, and tbe ' average voter wh® is not very capable of cle;ir thinking that gets Under the surface ol things has naturally been attracted to tlie circus where be can listen to wind instruments and see the perform- ing animals and read big flamîng pOBters that lie so cleverly and completely that there is pleasore even for one with his eyes open iu íinding how much he has beentaken in. The lying will, of course, progress as actively as ever this year, Campaign literature will be manufactured out of bogus reports, balf-truths, one-sided presen- tations of facts, etc, and the newspapers, wlio are always blind in oue eye in political matters, will see nothing but " party " iu tbe deepest concems of the nation. However, with tbe politicían less aggressive and the circus less atttactive the probabil- ities are strong tliat the voter may do more real thinking than for a loug time past, and tbat caanot but be well for the country. of acceptance may have heeu of value in clearly establÍBhing the position of candidafces upon the questíons of the day; but, then, tbere were obscure corners in the laud, and pubiic men were not ao well known as they are now. Under existing coiiditi