Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-12-10
SUSPENDED WORK
BEING RESUMED
Mills, Factories and Shops Echo
The Return of Business
Confidence.
MILLIONS IN CONSTRUCTION.
Example Set by Hartman Roads 20 De
Followed by Others. Giving
Work To Thousands

Chicago. III. Dec "a special dis
patch Co the New York Herald SAWS
that business confidence o. returning
with substantial emphasis throughout
the country. though conservatism ma
turalN still is much n evidence is at
tested boy reports from am sections Of
the United States which have been re-
ccived here Throughout the territory
extending from the far west 10 the eN-
trcme east these advlccs Indicate that
industry is reviviug from the depres-
sion incident TO the recent financial
disturbance.
Financial authorities here basing their
statements on accurate reports pri-
vately obtained, assert that convincing
evidence Of substantial returning COM
fdence is found IN the number OF mills
and factories which have resumed OPP
Grafton. More closed banks have re-
opened their doors. Bank note circu-
lation has expanded under special Ia
cilitics offered.
one of the best features IS held o.
boz the practical elimination OF a pre-
MUM on currency. Wholesale houses
i'm many centers are receiving orders or
usual size from country merchahts'
Retail trade is more active ana sa.ea
of holiday goods are effectively supple
mentlng the usual dealings in staple
merchandise.
Railroads which laid Of thousands Of
Workmen now are calling Tor great
numbers of men and resuminN I'M
provemcnts and other work which had
been deferred under the hnancih
stress. Building projects have aSsuln-
"a now Roadway Throuehout Penn-
svlvquia the iron and steel industry Is
awakening to renewed activity. rms
condition lis echoed throughout the tex
tile manufacturing Centers Of the New
England states. I'm addition lower eau
money rates are stimulating specula-
tive purchase
CURRENCY PAYMENTS IN SIGHT
More than 1000 western banks have
pctitioned Chicago banks for a resumn-
lion OF currency payments. 10 Is pre-
dicted in well informed quarters that
this request may be- acceded TO during
me ensuing week or al least within 10
dave with regard TO this matter
however the local banks are lending
CLOSE attention 20 New York and wan
street. Added confidence that TINS step
is at hand is afforded by the state
ment OF Comptroller Of the Currency
Ridgelv. who has been a visitor mere.
He has asserted That the Middle West
rapidlv rs approaching the normal ana
that. with the exception OF few small
institutions west Of illinois, The banks
practically are ready to resume full
currency payments.
From the Chicago viewpoint one OF
the foremost tangible proofs Of the rec
turn 10 better times is found IN the
resumption Of construction work along
the line OF the Hartman railroads.
Thousands OF WOrkmen are being re-
employed and work Will begin tomor-
row from end 90 end Of the big system.
Western neWspapIs bear advertise
ments calling for thousands or men.
HAS REAssURING EFFECT.
This step on the Hartman system
has had "a reassuring effect Smaller
| railroads have felt the stimulus. and,
with confidence restored by this militia
| tive. are taking steps to re-employ men
| in construction and similar work. IL IL
] confidently predicted here that the
! eastern trunk lines, which dropped
! thousands OF men some weeks ago, VIII
! take a similar course. The enect or
! this re-cmploymcut OF laborers' u is
] asserted. viii prove great sustaining
force that viii be felt through the mer-
] chants' stores to the mills ana factories.
/ Reuorts from So. Louis state that the
I Terminal Railroad association, which
| had postponed enlargement OF its ter
/ minals there has decided 10 continue
I To work and 10 eXpend az least $4,000, %
/ 600 I'm improvements within the next
/ few months Operations will be regu-
| lated IN part by the enactment OF GER
/ tain LEGISLATION from the municipal as
| scmby. But extension work VIII con-
| Gnue without Interruption and APP
| proved plans cuycg improvements which
| VIII aggregate q cost OF $4,000 900. Fl-
| uaucial striugeucy has not affected the
/ industrial plants OF that city.
San Antonio. Tex. reports that MeNi-
] can lines are engaging an the men they
/ cam get in the United states and that
| probably "a thousand or more already
! have crossed the boundary 10 work
1 there The Missouri ana North Arkan-
/ sas continues extension 60 Joplin, MO,
/ and Helena. Ark. The Illinois Traction
| svstem D. reported as having begun "a
| s. 500 900 bridge Ht g. Louis and as
/ preparing 10 expcnd 100000 Tor ter
| minnls there,
Heavy orders for equipment have
| been made by many railroads. The
| Union Paclhc,as told in press dispatches
this morning. has placed orders for 1000
! pressed steel cans, as well as for 20
| new locomotives from the Baldwin
works Nearly 10000 worth OF rail-
road ties are being assembled al Kan
| aas city and Omaha FOR double track
| Ing work that rs 40 be performed. Or
ders for special Pullmans ana for Inn
| proved steel passenger coaches also
| have been given.
MILLS AND FACTORIES REsUM-
ING.
Behind the railroads which thus are
! again absorbing the increasing surplus
| of unshlled labor. are the mills and
| factories Here news or resumption OF
| operations has come from various quar-
| ters ~ Is reported from Philadelphia
| that "A prominent official Of the United
| states steel Corporation asserts that
| the last few days have shown a notice
| able Improvement IN the steel situation
several mills which have been closed
| WIN reopen their doors On the near fu-
| mra. Dc asserts This ofncial states
| that The steel corporation has accepted
no cancellations OF orders. though many
| have bfcn deferred, AN of which VIII
| become operative as conditions continue
| t0 improve.
pittshurg reports that the big steel
| plant 0f the Republic iron a Steel COM
| pang at youngstown. Pa. WIN resume
| operations early Don Tho weok Al the
| general offices Of this corporation 81 was
| asserted that tho situation Warrants re-