Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1896-11-14
M'KINLRY STARTS
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.
FACTORIES OPEN UP


of the sound money and protection tri-
umph The splendid effects Of the verdict of
the nation were visible on all sides, and all
the signs pointed to resumption of bust
ness and new era Of prosperity.
Aside from tho strong and steady adj
vances all along the line in Wall street,
reports indicated similar renewal OF con-
fidcncc in all parts Of the country.
In Plttsburg, one of the great Industrial
centers, the effect was electrical. With the
news of McKinley's election, theannounce-
ment was made by many manufacturers
that operations In idle mills would re-
sumo At Jones 6 Laughlin's the new
continuous mill was put on. The steel
mill went on in full. Two hundred more
men were given employment in the hoop
department of Painter & Sons mill At
Zug g. Go. e plant % additional pudding
furnaces were put on divers South
Tenth street mill also started IN. Many
other factories here lighted 36 furnaces.
Tie 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, it was announc-
ed that the iron foundries would be opened
as soon rs arrangements We're 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 Nc
Kinley produced splendid results for the
workingmen. On the day following the
election Hincks & johnson, carriage man
ufaeturers, took in nearly 200 additional
hands. The Bridgeport Brass company
u Il. l.. 1.
standing order for November and Decem-
Der. Holmes 81 Edwards, flne cutlery and
silver goods, received this: Contract with
you stands Would like TO double orders
for next three months
Eaton, Cola 81 Burnham, steam valves,
put on 800 men.
The Bridgeport Malleable Iron works
have announced that thoy will increase
their force by 800 men.
Warmers corset factory will be run full
time after the 18th, and nearly 1000 girls
will be employed.
The Sloss Iron and Steel company of
Birmingham, Ala, one Of the largest iron
producing concerns in tho south, at once
telegraphed 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 ut
former prices. Producers quote so cents
advance for prompt delivery and rs cents
for 1897 delivery. 1t is safe to say pros
perity is restored and likely to continue
for a long period
Indications of a business and industrial
revival Immediately following Mckinley s
election were plentiful in Ohio after the
result of Tuesdays vote. The Pioneer
Drill works of Harrison, O., owned by
James Campbell & Son, will resume oper-
ations at full capacity in a few days. Had
Bryan been elected the works would have
remained closed.
The William Powell Brass company of
Cincinnati announced to its employees
they would work full time from tho cleo
ton on. For i've months the employees
worked on short time. "The reason for
this revival in business is the election of
Mckinley, said Superintendent Porteous.
"The works employ 375 men and has large
orders conditional on McKinley's cleo
tion."
James Griflths & Sons big planning
mill in Cincinnati will resume at once
after being closed down several months.
In Wall street the influence of the cleo
ton was felt almost Immediately. Every
stock on the list was affected by the res
toration of confidence and the belief that
the country was about to enter upon a
season OF unexampled prosperity The
values of securities were increased ire
mendously, and partial estimate OF 30
stocks shows an advance in value of $780,
900, 900. But this is of course, merely an
indication Of the general advance in all the
stocks. There are about 240 stocks quot
cd at the New York Stock Exchange while
of bonds the list runs up to nearly 1000.
! On the basis OF the average increase of
quotation it Is safe to say that the invested
capital Of the country, so far as 1t is repre-
sented on the New York Stock Exchange
| list, is between $500, 900, 600 and $500, 600, :
/ 600 moro valuable in a market point of
view than II was before the election of Nc
Kinley.
| Many million dollars of capital has al
ready been released in Chicago and the
state by the victory Of Mckinley and sound
money. In Chicago nearly $1S, 900, 600
now held in the banks will come out in
the shape of loans. In the real estate
market about $50, 900, 900 win be released
as soon as possible, Of which laboring men
will get at least rs per cent, the remain
der going to builders, architects and others.
Railroads have already begun to order
new cars and continue work on extensions.
Illinois factories will in a short time en-
ploy 80, 900 more men than now.
Several large manufacturing concerns
in Connecticut will resume operations at
once or will increase the number of work
ing hours on account OF the elections.
Among them 10 she Glastonbury Knitting
company, which has factory in Madison
| and one In Manchester Green. These fac
tories have bees closed because Of the
financial unesybaipty. Notice has been
given Shat they would resume at once,
kusincss eeRh&sAse among their customers
having been Ssstorcd.
Notices have been posted In the large
factory Of tAs etAHlsy Rule and Level oom.
pAay IN New AftAin that hereafter the
shops Will be rAA SIX days . week instead
81 fsHE- whteh has besn the schedule for
~ A. urAnnfxe