The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1896-11-13
|M'KINLEY STARTS
TEE 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.

rs
Just as soon as tho election Of MCKINLEY
and Hobart became an assured fact the
mills and factories begun to feel the effect
of the sound money and protection TIL
umph. The splendid effects Of the verdict OF
the nation were visibleon all sides, and all
the signs pointed to a resumption of bust
ness and new era of prosperity.
Aside from tho strong and steady I'D
vances all along the line in Wall street,
reports indicated q similnr renewal OF con-
fidence in all parts Of the country.
In Pittsburg, one Of the great industrial
centers. the effect was electrical. With the
news Of Mckinley 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 WINS put on. The steel
mill went on In full. Two hundred more
men were given employment in the hoop
department Of Painter g. Sons mill. All
Zug q Co. g plant go additional pudding
furnaces were put on. divers South
Tenth street mill also started I'm. MANY
other factories here lighted SO furnaces,
The 800 shop employees Of tho Pennsyl-
increase In wages OF 10 per cent.
AT Tcnawandn, N. Y, 1t was announc-
ed that the iron foundries would be opened
as soon as arrangements were completed.
The honor OF starting the foundrics do
yolved 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
worktngmen. On the day following the
election Hincks s. johnson, carriage man.
ufacturers, took in nearly 900 additional
hands Tho Bridgeport Brass company
was notified by q large dealer to double his
standing order for November and Dece,n-
Der. Holmes q Edwards, fine cutlery and
silver goods, received this: " Contract with
you stands Would like to double orders
for next three month";"
Eaton, Cola s. Burnham, steam valves.
put on 800 men.
The Bridgeport Malleable Iron works
have announced that they viii increase
their force by 800 men.
warmers correct factory will be run full
time after the 18th, and nearly {, 600 girls
will be employed
The Sloss Iron and Steel company Of
Birmingham, Ala, one Of the largest iron
producing concerns in tho south, ut once
autographed Mr.. Richard q. 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 at
former prices Producers quote 80 cents
advance for prompt delivery and 75 cents
for 1897 delivery. 1t Is safe to say pros
perity is restored and likely to continue
for o long period"
Indications of business and Industrial
revival Immediately following McKinley,s
election were plentiful in Ohio after the
result OF Tuesdays vote The Pioneer
Dill works of Harrison, o., owned by
james Campbell s. Son, will resume oper.
etiens ut full capacity In few days. Had
Bryan boon elected tho works would have
remained closed.
Tho William Powell Brass company Of
Cincinnati announced to Its employees
they would work full time from tho cleo
ton on. For five months tho employees
worked on short time. "Thc reason for
this revival in business is the election of
Mckinley" said Superintendent portcous.
The works employ 376 mon and has large
orders conditional on McKinlcy's cleo.
ton"
James Grifflths s. Sons big planning
mill In Cincinnati will resume Mt once
a1ter 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 tho rcs
toration OF confidence and tho belief that
inc country WINS about to enter upon n
season OF unexampled prosperity. Tho
values OF securities were increased tre
/ mendously, anu partial estimate of 30
STOCKS shows IN advance In value of sa5..
ooo,OO0 But this is, Of course, merely an
Ahsiication OF the general advance In ali the
STOCKS. There are about gao stocks quot
% nt tho New York Stock Exchange, while
OF BONUS tho list runs up to nearly 1000.
on the basis Of the average increase of
quotation It Is safe to say that the invested
capltai OF enc country, so far as 1t is.repre.
sehted on-the Now York Stock Exchange
mss' is between 5000, 000, 600 and $500 00O,-
600 moro valuable in a market point az
view thau twas before tho election of Nc.
Kinley. ''. Nv
Many million dollars of capital hns nj.
ready boon released In Chicago and tho
state by tho vi;tory of Mckinley and sound
money. In Chicago nearly $4,000. 900
now held In tho banks will come ont In
ehe shape OF loans In the real estate
market about $so,OO0,oOO will be released
as soon as possible, of which laboring men
WIN get at least 20 per cent, the remain.
oer gong 10 builders architects and Others.
railroads have already begun to order
new cars and continue work on extensions
1iinois factories will in short time am
pioy u, 900 more mon than now.
several largo manufacturing concerns
IN connecticut will resume Operations MT
once or will increase tho number Of work.
ing hours on account Of the elections
Among them Is the Glastonbury KNITTING
company, which has o factory in Madison
and one In Manchester Green. These fac.
tories have becn closed because Of tho
financial uncertainty. Notice has been
given that they would resume at once.
business confidence among their customers
having been restored. :
Notices have been posted in the large
factory of the Stanley Rule and Level COM % a.
pany in New Britain that hereaftcr the
shops will be run SIX days week instead
~ N.tar ~ 1.