Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1896-11-14
M'KINLEY STARTS
y;::.ss THE MILLS.
Business Booms Immedi-
diately After His
Election.
FACTORIES OPEN UP.
Tremendous increase of Val
ues as a Result Of the Tri-
umph of Republican
Candidates and
Principles.

Just IS soon as the election of Mckinley |
and Hobart became an assured fact the |
mills and factories began TO feel the effect |
of the sound money and protection tri-
umph. The splendid effects Of the verdict Of |
the signs pointed to a resumption of bust
ness and a new era OF prosperity.
Aside from the strong and steady adj
vances all along the line In Wall street,
reports indicated q similar renewal OF con-
hdence in all parts of the country.
In Pittsburg, one OF the great industrial
centers, the effect was electrical With the
news Of Mckinley s election. the announce
ment was made by many manufacturers
that OPERATIONS IN idle mills would re-
sumo At Jones s. Laughlin's the new
continuous mill was put on. The steel
mill went on In full Two hundred moro
men were given employment in the hoop
department. of Painter & Sons mill. At
zug s. Co.'s plant 20 additional pudding
furnaces were put on. divers South
Tenth street mill also started up. Many
other factories here lighted 80 furnaces
The 600 shop employees of the Pennsyl-
vania railroad went on full time, with an
increase In wages of 10 per cent.
At Tonawanda, n. Y, 1t was announc-
ed that the iron foundries would be opened
as soon as arrangements were completed.
The honor of starting the foundries de-
volved upon Major Mckinley, who started
the fires by pressing an electric button
In Bridgeport, Conn, the election Of No
Kinlcy produced splendid results for the
workingmen. On the day following the
election Hinoks s. johnson, carriage man.
ufsoturers, took in nearly 200 additional
hands. The Bridgeport Brass company
was notified by a large dealer to double his
standing order for November and Deem
Der. Holmes & Edwards, fine cutlery and
silver goods, received this: Contract with
you stands. Would like to double orders
for next three months"
Eaton, Cole & Durham, steam valves,
put on 500 men.
The Bridgeport Malleable Iron works
have announced that they win increase
their force by 500 men.
Warmers corset factory will be run full
time after the 18th, and nearly 2, 600 girls
will be employed
The Sloss Iron and Steel company of
/ Birmingham, Ala, one of the largest iron
| producing concerns in the south, at once
autographed Mr.. Richard II. Edmonds,
editor OF The Manufacturers Record, as
follows:
Customers and producers of iron al
ready feel good effects of the election re-
suits. Consumers are anxious to buy al
| former prices Producers quote so cents
advance for prompt delivery and 40 cents
for 1897 delivery. It is safe TO say pros
perity is restored and likely to continue
for a long period
Indications of business and industrial
revival Immediately following Mckinley
election were plentiful in Ohio after th,
result OF Tuesdays vote. The Pioneer
Ill - -
James Campbell 81 Son, will resume oper
ations at full capacity in a few days Had
Bryan been elected the works would hav'
remained closed
The William Powell Brass company o
Cincinnati announced 60 ats employee
they would work fun time from the cleo
ton on. For Eve months the employee
worked on short time. 1.-The reason 10
this revival In business Is the election O
Mckinley" said Superintendent Porteous
"The works employ $40 men and has larg
orders conditional on McKinley's cleo
, ton"
James Griniths g. Sons big planinl
, mill In Cincinnati will resume at ono
after being closed down several months
In Wall street the influence of the cleo
ton was felt almost Immediately. Ever
: stock on the list was affected by the res
toration of confidence and the belief tina
the country was about TO enter upon
season Of unexampled prosperity. TIL
values of securities were increased trt
mendously, and a partial estimate of 8
stocks shows an advance in value of t25
100000. But this is, OF course, merely a
indication Of the general advance in all th
stocks. There are about gao stocks quot
ed at the New York Stock Exchange Will
} OF bonds the list runs up to nearly 2 ,00C
On the basis Of the average increase
quotation 1t is safe to say that the investe
capital of the country, so far as ii is repr'
sented ON the New York Stock Exchane
e list, is between $500, 600, 600 and $500, 600
/ 900 more valuable in a market point
: view than it was before the election of NJ
Kinley.
It Many million dollars OF capital has a
5 ready been released in Chicago and I'll
d state by the victory OF Mckinley and sour
e money. In Chicago nearly 5000, OF
= now held in the banks will come out
% the shape of loans. In the real esta
: market about $50, 600, 600 will be release
as soon as possible Of which laboring me
lie Will get at least 75 per cent, the remain
d der going 10 builders, architects and other
IL Railroads have already begun to ord
new oars and continue work on extension
y Illinois factories will in a short time an
81 ploy $4,000 more men than now.
~ OoNordA large MISUNDERSTANDING COnCerl
il in Connecticut will resume operations
IN once or will increase the number of wor
III ing hours on account of the election
! Among them is the Glastonbury KnittiI
company, which has factory in Madise
III and one in Manchester Green. These ia
At tories have been closed because Of &
10 financial uncertainty. Notice has be,
"a given that they would resume at ono
in business confidence among their custome
II having been restored.
Iv Notices have been posted in the lar
Is factory Of the Stanley Rule and Level COZ
is pany in New Britain that hereafter {
4 shops Wall be run six days a week inste
,d of four, which has been the schedule
" the past two months. Superintendent
- X. Jones Of Russell & Erwin's scr
ay works, In New Britain, has issued this
n der to his foreman, "Start up all your II
Iir chimes and hire all the help you need
run them." Similar reports come fr'
II other towns In Connecticut
Id