The Springfield herald., 1904-09-02
hands of receivers: combined capital
stock of SS.92S.OO

stock OF xS.3So.OO.
'-Trsck laying for the first six months
of 1893 shows a decrease from the sim
liar period Of 1892. The Engineering
for the total probable track-isyinS 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 clearings for the week have
barely reached the billion-dollar mark.
with total OF per cent less than last
week and II per cent less than 4 year
ago.
Business failures in the United States
nre unusually frequent. numbering 398
this week against 319 last week and
108 a year ago.
The feature of last Saturdays week
ly New York bank statement was the re-
duction of $6,15s.OOO in cash holdings
and $6.333.7 $50 in surplus reserve.
July %: Renewed depression in the
stock market has this week divided at
tention with the bank failures and bust
ness complications in the Vest
A Brighter Chapter.
The following condensed abstracts
from Brndstrect's for the same month.
July. but for the year 1907, after the
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
IN:
The Great Western Tinplate Com
pnny's plSnt at Joliet, ILL.,, employing
800 men, resumed work. The men get an
advance of SL per cent.
For the first time in several years all
the employees of the Chicago. Buring-
ton md 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 !. Movement in lum
Der good and textile trade shows i'm
provemcnt.
"Sloss Iron and Steel Company are
about to blow In another furnace at
North birmingham, and also their No.
. furnace in Birmingham.
"McKenna Steel Works, at Joliet, H.,
will resume. employing 400 men.
'The Everett, Pemberton and Atlantic
mills, ut Lawrence, Mass. have started
up with an aggregate of more than 5000
hands.
The Pnwnce Kelly. and westville
companies OF the Danville. ILL.,. district.
posted notices of increase of 10 cents 4
ton in wages. The rolling mill Of ].
Painter & Son was started.
Steel mill of Jones 4 Laushlin, of
the same city, also resumed.
. July "a: Because of the proposed
new tariff rates. all of Beerbowers, Eliza
beth. n. j.. pottery workers have re-
turned to work.
Fully 10000 workmen have gone to
work as result of an agreement
renched 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. md that the entire plant will re-
sumo the week following with nine hun
drcd hands.
During 1893 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 Blackstone Valley,
Il. L., started up on full time with
large number of employees. At same
time the dye works and bleacheries
connected with Lonsdals mill began on
full time.
"A number OF large Industrial con-
,t,r
early this week because of passage of
Dinglcy tariff bil,''