The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1907-11-28
WHEELS
ARE TURNING AGAIN
MANUFACTURERS OF THE EAST
RESUME OPERATIONS.
FEAR is PASSING AWAY
Encouraging Reports Received from
Many Sectiops-Youngstown's
Iron Plants to Reopen
Cleveland Deposits l.s.ge.

New York, Nov. 26.. Recent re-
sumption of industrial activity in the
eastern states controverts to some ex-
tent the stories of general depression
that have gained circulation on ac-
count of the closing down, partly or
completely, Of many concerns.
The financial stringency throughout
the country had its natural reflection
in partial suspension of operations in
the chief Atlantic centers, but the fear
Of complete industrial depression
has not been realized. News was
received Monday night in New York
of the resumption on full time of some
industries in the New England states
and New York, and the hope is that.
with the general relaxation in the
money market, this resumption will be
largely increased and that the eastern
manufacturing section soon will ex-
perience return to normal condi-
tons.
Good Reports Received. .,.
Troy reports the outlook good for
busy season in the knit goods indus.
try in Cohos, one of the largest CEN
tiers of that work in the country. It is
expected that knitting factories in
that city will be running full by jan
uary /.
st. Johnsbury, VT, reports that the
Fairbanks Scale company, employing
1,500 men, which adopted a five-hour
schedule two weeks ago, resumed its
work Monday on an eight-hour basis.
Information is received from Buff
falo that the Snow Steam Pump works
has ordered its forces back on full
time. The general manager of that
plant, Elgood c. Lufkin, says that the
whole industrial and financial situa-
ton has improved so greatly during
the last week that the company has
been Obliged to restore the full sched-
ule of working hours in order to keep
up with it's business. About 1000 are
concerned in the resumption order.
The National Tube works at SYRIA
cuse resumed operations after a two
weeks shut down. ..a
Country Banks Strong.
Pittsburg, Pa, Nov. 26.-National
Bank Examiner l. B. Cunningham, Just
home from a weeks tcur of Allegheny
and West Moreland counties, during
which time he examined 16 country
banks, reports these institutions in the
safest possible condition and ready to
resume payments in currency at any
time city banks resume such pay
ments.
Public school teachers of Pittsburg
were paid Monday $4,000 in clear
ing house certificates. The city treas
urer Immediately redeemed 20 per
cent. of these in currency.
Youngstown Plants to Resume.
Youngstown, O., Nov. 26.-All the
finishing mills and portion of the
pudding furnaces of the Valley plant
and two finishing mills and one pud-
die mill of the Brown-Bonnel plan,
Republic IRON & Steel company, wilt
resume Glerations next Wednesday,
after hattng been shut down since last
Saturday. II is likely other depart
ments will start again before the end
Of iEe week.
Big Deposits in Cleveland.
cleveland. o.. Nov. 26.-Deposits in
1lsh IN all of the banks of this city
we're greater Monday than for any
single day during the past three
weeks, according TO prominent bank
ers Col ]. J. Sullivan, president OF
the Superior Savings & Trust com
pany. said: Without doubt the i'm
pfoyement both in banking and com.
mercial circles is pronounced. The I'M
called for scare that existed few
weeks ago has been eliminated and
think we are on the eve OF better
timer."