The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1896-11-11
M'KlNLEY 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.

and Hobart became an assured fact the
mills and factories bepan to feel the cffect
of tho sound money and nrotection tri-
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WV ii"Vio'' "o.o '.''D'o vi nj e'ooe' anu an
'he sighs poineeu W Resumption Oh pusl-
ness and new era OF prosperity.
Aside from tho strong and steady ad-
vances all along the line in Wall street,
reports indicated n similar renewa, of con-
Adence in al, norts ot the country
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'eh'ois, 'ie one'' was oieo'iioai' WIN 'iio
news OF MCKINNEY election the announce
ment was made by many manufacturers
that operations In idle mills would re-
sumo. At Jones & 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. g plant 22 additional pudding
furnaces were put on. divers South
Tenth street mill also started up Many
other factories hero lighted 80 furnaces.
The 800 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.
cd that the iron foundres would be opencd
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 Nc
Kinley produced splendid results for tho
workingmen. On the day following the
election Hincks g. johnson, carriage man
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
ber Holmes & Edwards, fine cutlery and
silver goods, received this: Contract with
you stands. Would like to double orders
for next three months"
Eaton, Cole & Burnham, steam valves,
put on 800 men.
The Bridgeport Malleable Iron works
have announced that they will 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 tho largest iron
producing concerns In tho south, at once
telegraphed Mr., Richard Fl. 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 ard rs cents
for 1897 delivery. 1t Is safe to say pros
perity is restored and likely to continue
for long period
Indications of a business and industrial
revival Immediately following McKinlev,s
election were plentiful in Ohio after tho
result of TUESDAYS vote. The piononr
Drill works of Harrison. O.. owned Inv
James Campbell & Son. will resume oncr-
ations at full capacity in a fow DAYS Had
Bryan been elected the works would hnyo
remained closed,
The William Powell! Brass oompany of
Cincinnati announced to its emnloyccs
they would work full time from the elec.
ton on. For five months the emnlovocs
worked on short time "The reason for
this revival in business ia tho election NJ
Mckinley" said Sunerintendont Porteous
"The works employ s75 men and has large
orders conditional on McKinley's cleo
ton"
James Griillths & Sons big blaming
mill in Cincinnati will resume ut 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. Tho o.,
values of securities were increased ire
mendously, and n partial estimate of 80 |
stocks shows an advance In value of s2b.
900, 600 But this is, of course, merely an /
indication of the general advance in ali the /
stocks. There are about $40 stocks ouot-
cd at tho New York Stock Exchange while |
of bonds the list runs up TO nearly 6. OOO
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 5000, 600 600 and 5000 OO0,- |
900 more valuable in a market point of |
view than 1t was before the election of Nc.
Kinley.
Many million dollars of capital has al
ready been released in Chicago and tho
state by the victory of Mckinley and sound
now held in the hanks will cOme ont in |