The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1896-11-14
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pepnpeDciI
>S.ssslsItt ~ 90 5!41
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.

Just as soon as tho election Of Mckinley
and Hobart became an assured inot the
mills and factories began 30 feel tho etfsot
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 a resumption of bust
ness and new era of prosperity.
Aside from the strong and steady ad-
vanccs all along the lire in Wall street.
reports indicated n similar removal of CON
1idoncc in all parts of the country.
In Pittsburg, ono Of tho great industrial
centers, the effect was electrical. With tho
nows of McKinley's election, tho nnnopnce-
ment was made by many manufacturers
that operations in idle mills would rc-
sumo. At Jones 81 Laughlin's the new
continuous mill was put on. The steel
mill went on in full. Two hundred moro
mon were given employment in the hoop
department of Painter e. Sons mill. At
Zug 81 Go. g plant 90 additional pudding
furnaces were put on. Olivcr's South
Tenth street mill also started up Many
other factories here lighted 36 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-
volvcd 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 tho
election Hincks & Johnson, carriage m.n-
ufacturers 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 6 Edwards, fine cutlery and
silver goods, received this: Contract with
you stands. Would like to double orders
for next three months. II
ESton, Cole &; Durham, steam valves.
put on 800 men.
Tho bridgeport Malleablo Iron works
have announced that they will in.rcese
their forco by 500 mon.
Warmers corset factory will be run fall
thno after the 18th, and nearly 2, 600 girls
will be employed
The Sluss Iron and Steel company Of
birmingham, Ala, one of tho largese iron
producing cHrlccr11s in the south mt once
telographod Mr., Richard II. EdmorAs,
editor of The Manufacturers Record, "a
follows:
"Customors and producers of iron al
ready feel good effects of the election re-
suits Consumers are anxious to buy at
former prices Producers quote 50 cents
advance for prompt delivery and 10 cents
for 1897 delivery. 1t is safe to say pros
pcrity is restored and likely to continue
for long period"
Indications Of business and industrial
revival Immediately following Mckinley.
election were plentiful in Ohio after tho
result of Tuesdays vote. The Pioneer
Drill works of Harrison, o., owned by
james Campbell q Son, will rosumo opcr-
atoms at full capacity in few days Had
Bpyan been elected the works would have
remained closed.
The William Powell Brass company of
Cincinnati announced to ita employees
they would work full time from tho clcc-
ton on. For five months tho employees
worked on short time Tho reason for
this revival iii business is the election Of
Mckinley, said Superintendent portoous.
'lhe works employ 37J men and has largo
orders conditional on Mckincv= elec-
ton. -
James GHGiths s. Sons big planning
mill in Cincinnati will resume at once
after being closed down several months.
In Wall street. the influence Of the e,ec-
ton was felt almost Immediately. Every
stock Oh the list Was affected by tho res
tCrefion of confidence and tho belief that
tn. country was Gbout to enter upon a
season of unoxamplcd prosperity. Tho
values of securities were Increased tra-
mcndously, and Il pHrtial estimate OF 80
stocks shows an advance in value Of eos
900, 900 But this IT, of course, merely an
indication Of tho general advance in all tho
stocks There arc about $40 stocks quot
sd at tho Now York Stock Exchange, whilo
of bonds the list runs up TO nearly 9, 600.
On the basis Of tho average increase of
quotation 1t is safe to say that the invested
capital Of tho country, 20 far as 1t is repre-
sentod on the Now ! ork stock Exchange
list, is between 5000, 900, 900 and $500, 0O0-
600 more valuable in q market point of
view than it wa1 before the election of Nc
kinley.
Many million dollars of capital has al
ready been released in Chicago and tho
state by the victory N Mckinloyand sound
money. In Chicago nearly SIS, 900, 900
now held in the banks will come out in
the shape Of loans. In the real estate
market about $40, 900 900 will be released
as soon a possible of which laboring men
will get at least Is per cont, 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 $4,000 moro men than now.
Several large manufacturing concerns
in Connecticut will resume operations at
once or will increase tho number of work
ing hours on account of tho elections.
Among them is the Glastonbury Knitting
company, which has factory in Madison
and one in Manchester Green. These fac
tories have been closed because of the
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 tho largo
factory of the Stanley Rule and Lowell COM
pany in New Britain that hereafter tho
shops will DO run six days week instead
of four which has been the schedule for
kIA RNank fNxVx -s A.