The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-12-31
TUESDAY. DECEMBER ii, 1907.
/ Love has no middle course: II
either ruins or II saves. All huinnn
destiny lies in this dilcmma.--victor
Hugo.
SIGNS or IMPROVEMENT.

SIGNS OF IMPROVEMENT.
The new year will open with n very
decided Improvement in the business
situation. The New York banks have
reduced their deficit from :5i,ooo.o00
III s2o0oo.OOa. In round numbers the
premium on currency has practically
Disappeared: the deposifors in the saw
legs banks have recovered from their
fright. as evidenced by the fact that
flw of them have taken advantage OF
tic siNty-day notice to withdraw their
money. and there Is now every promise
that money will be easy and plentiful
In the course of thirty or sixty days.
THE reports from the iron industry
are most encouraging. A special from
.;ohnstown. Pa. says that New Years
Lay Will be marked by the reopening
of practically every department. of the
Cambria steel Company and the re-
turn to work Of IS per cent. of the
steel workers who have been idle for
come time.
The Central Iron and Steel Company,
- Harrisburg. which has been idle,
will resume operations this week and
the Lalance tin-plate mills will re-
sumo on January 9Th.
The Pennsylvania Steel Company has
EiNcn orders TO hurry the repairs at
Ne. . blooming mill, and will start it
up as soon as the work is finished.
orders have been posted at the
American Iron and Steel Manufacturing
Company's mills. at Lebanon and Read
Ing, announcing resumption OF opera
tons in all departments January 9Th.
The mills have been closed entirely
for several weeks. but many depart-
nents have been idle much longer. The
American mills employ 5000 men.
Cleveland manufacturers have under
consideration plans which will mean
resumption of work by fully 10000 for
rier employees during January. Many
factories will resume practically full
operations January 9Th. The American
Shipbuilding Company expects to take
OH 5000 men in two or three weeks,
which is nearly full capacity. Hun
dreds who We're laid off by the steel
Mills will be taken back January 9th.
Smaller factories about town. which
have shut down temporarily, will re-
elaploy hundEsas more during the com
int; month. ..-Instications point to a gen.
elal resumption OF business
aThese are sample announcements
taken from late newspapers, and indi-
cate the general trend. a revival OF
klsincss conditions is reflected also
in,,reports reaching the Division of In
formation of the Bureau Of In,nigra-
ton III Washington. Many OF, the or
ders for laborers which We're Cancelled
hy letters to T. V. Powderly. chief OF
the division in October recently have
been renewed Requests for 100000
laborers were on file with AIR. Pow
dcrly October lst. but when the panic
came On they were Cancelled. But dur,
Ing the past two weeks MIR, PowderlS
has been flooded with renewals of ole
orders. Up 10 Saturday these renewal.
eslled for 10000 men, including skille,
mechanics and laborers needed in tht
larger cities, where industries tina
were closed in December arc preparing
&c resume operations.
Another item in our favor as ma
tlon is our large trade balance abroad
Which bids, fair to Increase during thu
coming year. Imports will naturall.
fish off, and the amount OF none.
q :arnnndcd ahroad l,v to,iristsh will u,
materially reduced. Necessarily trad
and industry Will slow down a bi,
II compared with the swift pace o
1907 but the foundations will be
strengthened BY conservatism and III
entire situation Will be sounder thai
syer.
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