Idaho Springs siftings., 1904-09-03
combined capital

Track laying for the first six months
OF 1893 shows 8 decrease from tho sim
( ilar period Of 1892. The Engineering
/ News says: We have about 5000 miles
! for the total probable track-laying OF
the year. This will bring the mileage OF
new track laid for 1898 below that OF
any other year since 1878, with the pos
able exception Of 1ss5.
Bank clearinss for the ~eek have
barely reached the biliion-dollar marx.
with z total OF per cent less than last
week and l. per cent less than year
ago.
Business failures la the United States
are unusually frequent. numbering 1888
this week against 3i3 last week and
lo6 a year ago.
The feature os last Saturdays week
~ New YORK bank statement was the re-
duction OF SO. l5s. GO in cash holdings
and S6.333, 80 in surplus reserve.
July -: Renewed depression in the
stock market has ibis week divided at
tention with the bank failures and busi-
ness Implications in the West"
A Brighter Chapter.
The following condensed abstracts
from Bradstrect's for the same month.
july. bat for thu year 1897. after the
election OF William Mckinley. pledged
10 tie Republican policy OF protection.
Lad removed THAT SENSE OF UN-
CERTAINTY AND INSTABILITY"
reflected the beginning OF rle great era
% prosperity that was thereby ushered
ia.
The Great Western TTnpiste Com
pauy's plant AZ Joliet. Ill. employing
5oO men. resumed WORK. TIE men get an
advance % s4a per cent.
For the first time In several years all
the employees Of the Chicago. Burling-
ton and Quincy Railroad shops at 81
Joseph. Mo, are working Full time. The
rush or work in some departments has
necessltated the employment OF addition
al hands.
Reports from Maine thst part OF the
hs plant formerly owned by the Jay
Paper Manufacturing Company. ls about
tl start n fun The pulp mill already
started.
Chattanooga Tradesnan reports iron
md steel trade active and prices steady
lu South. Several furnaces have been
blown Ia since July !. Movement in lum-
beg good and textile trade shows i'm
provemen;.
"Siass Iron and Steel Company are
about to blow In another furnace at
North Birmingham. and also their No.
> furnace Ia Birmingham.
"Mckenna Steel Works. at Joliet. H.,
will resume. employing 400 men.
The Everett, Pemberton and Atlantic
mills, at Lawrence. Mass. have started
NJ with an Aggregate Of more than 5000
hands.
The Pswnee. Kelly. and westvile
companies OF the Danville. IL. district.
posted notlces 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 Beerbower., Eliza
beth. y. j.. pottery workers have re-
turned to work
Fully 2o.ooo workmen have gone TO
work as result Of an agreement
reached on the sheet scale for the ensu-
Ing year.
Announcement that the card and
combins departments Of the Bigelow
Carpet Company Kiil resume next Mon
day. and hat the enilro 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. oaleials have now decided TO
restore old rates
July 81: Fires started in Tod furnace
of Youngstown tohiol Steel Company.
Cotton mills In Blackstone Valley.
II. l., started up on full time with
large number Of employees At same
time the dye works and bleacherics
connected with Lonsdals mill began on
full time.
"a number OF large Industrial con
ccrns In Connecticut resumed operations
early this week because OF passage Of
Dingley taria bill"