The herald-advance. (Milbank, S.D.) 1890-1922, 1904-09-02

hands Of receivers: combined capital
stock Of $S,925,OOO.
Track laying for the first six months
Of 1893 shows q decrease from the sim
liar period Of 1892. The Engineering
News says: we have about 5000 miles
for the total probable tracklaying of
the year. This will bring the mileage Of
new track laid for 1893 below that of
any other year since 1878, with the pos
sible exception OF 1885,
Bank cl~earings for the week have
barely reached the billion-dollar mark,
with 4 total Of 8 per cent less than last
week and II per cent less than a year
ago.
Business failures in the United States
are unusually frequent, numbering 1893
this week against $40 last week and
166 a year ago..
THE feature Of last Saturdays week
~ New York bank statement was the re-
duction OF Sc, $4,000 In cash holdings
and $6,S3S, 75O In surplus reserve.
July %: Renewed depression in the
stock market has his week divided at
tention with the bank failures and bust
ness complications In the West"
A Brighter Chapter.
AhC AA6 SouQClNCO liz
from Bradstreet's for the same month,
July, but for the year 1897, after the
election OF William Mckinley, pledged
to the Republican policy Of protection,
had removed THAT SENSE OF UN-
CERTAINTY AND INSTABILITY"
reflected the beginning Of the great era
OF prosperity that was thereby ushered
III:
"The Great Western Tinplate Com
pany's plant at Joliet, ILL.,, employing
800 men, resumed work. The men get an
advance of 8h per cent.
For the first time in several years all
the employees Of the Chicago, Burling-
ton and Quincy Railroad shops at st.
Joseph, Mo-, are working full time. The
rush OF work in some departments has
necessitated the employment OF addition
al hands.
Reports from Maine that part Of the
big plant formerly owned by the Jay
Paper Manufacturing Company, is about
to start in full. The pulp mill already
| started.
Chattanooga Tradesman reports iron
and steel trade active and prices steady
in South. Several furnaces have been
blown in since July 1. Movement in lum-
Der good and textile trade shows i'm
provement.
"Sloss Iron and Steel Company are
about to blow in another furnace at
North Birmingham, and also their No.
2 furnace in Birmingham.
"McKenna Steel Works, at Joliet, ILL.,,
will resume, employing 400 men.
"The Everett, Pemberton and Atlantic
mills, at Lawrence, Mass, have started
up with an aggregate Of more than 5000
hands.
1.-THE Pawnee, Kelly, and WestvilIe
companies Of the Danville, H.. district,
posted notices of increase Of 10 cents a
ton in wages. The rolling mill of J.
Painter & Son was started.
steel mill Of Jones & Laughlin, of
the same city, also resumed.
July "a: Because Of the proposed
new tariff rates, all Of B~eerbowers, Eliza
beth, N. j., pottery workers have re-
turned to work.
Fully 10000 workmen have gone to
work as a result of an agreement
reached on the sheet scale for the ensu-
ing year:
Announcement that the card and
combing departments of the Bigelow
Carpet Company will resume next Mon
day, and that the entire plant will, re-
sumo the week following with nine hun
dred hands.
During 1898 the Maine Central Rail-
road employees had wages reduced 10
per cent. Officials have now decided to
restore old rates.
July 81: Fires started In Tod furnace
Of Youngstown Ohio Steel Company.
Cotton mills in RlackStone VALLEY
Il. l., started up on full time with a
large number Of employees. At same
time the dye works and bleacheries
connected with Lonsdale mill began on
full time.
"A number Of large industrial con-
Germs in Connecticut resumed operations
early this week because Of passage Of
Dingley tariff bill"