The Republican. [volume] (Oakland, Md.) 1877-current, 1885-04-11

ing higher rates of wages is nearly, if
not quite, as large as at any time
within two years before or since the
strike of the Gould railway employees.
The iron market is quiet and dull
as heretofore. The shutting down of
leading steel-rail mills, owing to the
Improbable nature of current quota
tions is expected to be followed by
like action on the part of other raj
mills, and it is hoped will result in
an advance of prices of rails. The
stocks at shipping points are light and
producers are encouraged.
BosToN, April 4. The Advertiser
in its weekly review of the wool mar
ket says:
1.-The market represents a broken
week of five days, Fast Day so called,
intervening. The tone is about as
last reported, barely steady owing to
the moderate demand and the inclin-
alton of some holders to close out
their woods before the new clip ar
rives. But western feeCeS will not
be on the market much before the
middle of July, and woods are sell
ling now at prices which are likely to
prevail in the country at clip time,
above the market. The selections
are of course broken now, and much
of the fleece Offering does not run so
choice as earlier in the season. Man.
ufacturers Of wooden goods, however,
have been forced by the low prices Of
their goods to buy cheap woods; hence
the best lots are not in good demand.
Holders, however, consider them
good property, and there is no pres
sure from them.
The outlook is considered most eX-
celIent for generel business, and it is
worthy OF note that the years thus
/ far has been married by no finacial
disturbance, such as at an early time
last year shook confidence. There
will also be no Presidential election
to unsettle trade, and the prospect is
good that the farmer will obtain a
more remunerative price for his pro-
duce. The shreWest men, both
among manufacturers Of goods and
dealers in wool, as we meet them,
are confident that trade will improve
later. Other markets are even
stronger than our own, and consid-
cradle fleece woods have been recent
fly sold here 90 to other markets to
be sold
NEW YORK, April 5.-The SIN has
a notable editorial under the caption
"What Makes the Good Times" in
reply to a correspondent who attrib-
uteS the depression to the withdrawal
of national bank notes from circula-
ton. The SIN shows that money
was never so cheap as now, and that
as the depression extends throughout
EurOpa as we'll as tho Unitod Gtatos,
it cannot be attributed to gold stan
dard or to the tariff laws or to any
thing in the condition of our shipping
and ocean transportation, for it eX-
lists in England, where there is an
unprecedented extension of the mer-
chant marine Just as severe or even
more so than in this country, where
for many years our merchant marine
has been gradually declining. Nor
yet is it caused by the failures in the
country, or by wars or famines in
any part of the world. The crops
have generally been good for several
years and no wars or famines of any
account have existed; yet we may
say in general way that the depres-
sion is the result of over production;
that is to say, ofspending money and
labor in ways that are not profitable
/, and give no return.
The SIN concludes as follows "Yet
while this great collapse is indisput-
able and considering we may well be
contented over the fact that it is not
so destructive as it might be, and
} that business is quite as good and
the situation of the country quite as
encouraging as expected. There are
many workers out of employment
and hardly any enterprise is making
much money. Most people are get
ting enough to eat and enough to
wear and are living along in happi-
ness with reasonable economy, The
country is rich and sound at the core
and when all the mutations and de-
presSions are settled up and cleared
we shall find that we are a great deal
better off than the philosophers of
calamity and despair have imagined,