Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-07-24
loufll All RienT-
m en- 4 nard Tiess Is NJ YET testified 10
Thaf City.

LOWELL. Mass, July a-Tne CRY d
bard times IL Lowell is not yet Jasianes'-
There hss NOT been = SEASON for many
Years when there has hee1 greaters lie
nnand for mechanics than the present one.
IL Is true shAa txo or three Of the snlaii
machine Shops have shut down tesnsorar-
lily for waaE Il orders, and the AlidieSsx
mills (wooletsl has begun TO run on re
iusssi time, and also thar there have bava
r,lusors that sosne al the large corporations
would be be compelled TO saspeai opera
.ions for few weeks in order TO allow the
market 10 catch up with the goods new
% nand, bat thus far there hss teen DO
comparative cessation of the stream OF
money that is regularly expended for ia
boz in this city. The strike u brickisy-
ers has prevented some Of the brie& worA
that might tAye been erected under othrf
circumstances, tsus AZ tine same time many
brick ayers have been obtained from OAK
side the anian, and in Other cases the
union men have had their terms aecetied
TO-
At the present time probably more thar
quarter Of million dollars worth OF con
struction is
lis Progress In This City.
The new postotfice will be ready TO bS
rooiesi ia about Two weeks The MaSsl
ehuseIgs mills are engaged IN extensive
Improvement that will largely Increase
the prollcti, If fine goods, 1t being Ia
tended to add lo,0o spindles to the pres
ent number this fall and other machinery
m proportion, considering the fact that a
finer class Of goods is to be produced here
after than has been the ease in the past
C. / Hood ~ Co. are engaged III doub
ling the siz. siid capacity OF their present
large laboratory for the manufacture q
sarsaparilla peculiar to itself. - A large
brewery Is in process of erection ihat VIA
require a million and a half of brick to he
laid and the work must be done tins tall
Ex- Mayor sjeld is erecting large ma
shine shop; 1T least two new business
biocss are t'e4ag erected, and an lndeflnitt
tuR,ts-r IL residences are Icing erected IL
biz directions
Ii is a fat that the mills of this city
have run through all bu>ue-s depression
ia the pas except durimG portion OF tht
war pcrIt.i when some Of tlel wert
caught with 4; supplies OF cotton.
The Reason sor This L. obvious
4 shut down ca,ses the help to becnm;
scattered, no matter If it be only for
doupie Of weeks and when the mills start
tp there Is EN- barrassment that is un
pleasant until Il regular supply of EN-
bioyes eau be secured. For this reason
the mills wilt run rs long as possible he
fore they decade to do anything to curtaL
production, amd as their credit Is of tho
best it is NOR. than possible that with
lifting up 81 the financial stringeney 81
that people will begin to purchase goods
they will be enabled to go along without
Interruption.
The consolidated statement of the IA
ttonal banks Of the city also shows re-
lharkably we'll Since May q loans have
decreased $lp5,53s; overdrafts have de
CREASED Sl4,2H. surplus and profits have
Increased 81, .373; and deposits have de
creased only Sll9,0si. At the present time
the surplus and undivided profits Of the
NATIONAL banks is 3l,l5s,92, while indi
vtdual depoeits amount to s4,0722, $40. There
has nothing 70 indicate that the savings
banks OF the city cannot make an equally
gpod showing