Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-11-05
GOOD TIMES SET IN
Industrial Activity Starts Up
Over Nation.
CONFIDENCE IS GENERAL
Suspended Projects Resumed and
New Deals Undertaken.
STOCK EXCHANGE IS INDEX
Securities Take Upward Trend.
Merchants Everywhere Tell Of
Expectations Of Great
Prosperity.
STOCK EXCHANGE IS INDEX

-
Prosperity.
Already business conditions throughout
the United States are improving as a re-
suit Of the election to the presidency OF
William Howard Taft, according to bank
ers. merchants, manufacturers and others
who ought to know, In various sections
of the country.
From here, there and everywhere come
| reports of renewed speculative enthusi-
asm, of the resumption OF long-delayed
plans Of the turning In OF belated buying
orders and Of general bettermenes In al
lines of commerce and trade.
Washington. too. has felt the magic
touch of restored confidence.
In New York the stock market since
| election, has been strong. There has been
| an avalanche of buying orders SO great
as to be impressive. The buying has been
| active and persistent. ranging over wide
! field In the list Of stocks.
Iron and Steel Trades Pick UP.
1t Is conceded by all that the con-
sumption of iron and steel will increase
Immediately as a result of the outcome
of election. 1t is expected by many who
should know that buying for the future
for stocking up may develop In consid-
cradle proportions.
| In those industries in which low prices
have been ruling an almost violent buy
| ing movement would not be unexpected.
There are some indications Of 1t in pig
iron. Indeed. decided Improvement has
characterized the pig iron market dur
| 4 IA
change for the better will be permanent.
In New York additional evidence has
been given OF the impetus handed to
business generally by Taft's success In
the number and Importance Of the plans
| filed for new structures in Manhattan
and the real estate sales announced by
| brokers.
Thirty-eight lots in the Bronx changed
hands in one piece yesterday. The buy
ers were a syndicate Of real estate in
| the expectation of selling them for build
ing purposes with building loans.
Mayor Reyburn Sanguine.
In Philadelphia Mayor Reyburn de-
scribes the business situation the morn
ing after election thusly:
The whole country woke up in the
morning. opened its eyes. and felt good. VI
Mayor Reyburn believes that a great
| many democrats went 10 the poils ano
voted against Bryan because they be.
/ lieved the success of the business inter.
ests Of the country demanded It. He
prophesies that Taft's election will brina
renewed activity to the United States.
We are about to start On an era Of far
yet been experienced in this country. Il
| his opinion. 1t may not come In a day OF
a year. he says. but 1t 10 on the way and
The directors Of the Pittsburs ana Lake
Erie Railroad Company, at a meeting i'm
mediately after election. discussed the
probable increase In the roads business
due to the revival OF industrial activity
restoration Of confidence, and considered
taking steps toward handling the pro-
spective new traffic In an expeditions and
economic way.
Situation in Philadelphia.
In Philadelphia the result of the cleo
ton has proven a real stimulus to build
ing. Real estate brokers. architects and
builders, with whom business has been
dull for months. believe it will now take
on new life.
Important land deals, hung up awaiting
the result of the election, are now going
through. Investors generally who have
long been timid are beginning to sit up
and take notice and to come around with
money to invest.
| In the building line several large i'm
provements projected before the business
| depression of last fall will now be put
through with rush, work to be begun
in short order.
One big firm of architects had plans for
a million-dollar enterprise and was told
| that II Taft were elected the project
would go on, but that II Bryan were
elected everything would be called on.
| This is one of the enterprises that Is now
being pushed along.
Alba B. johnson Of the Baldwin loco
motive works is quoted as saying that
within thirty days the good effect OF cleo
ton upon business will be generally felt.
He believes the country is In far better
| condition financially and commercially
than after other great historic pantcs.
He does not expect a sensational revival
Of prosperity. but a general, steady, rapid
upward growth.
Expressions Of Confidence.
Other prominent Philadelphians are
quoted on the prosperity-to-follow-
election f-Taft proposition, as follows:
Ex-Judge DINNER Beeber, president OF
the Union League, said:
II look for four years Of prosperity, a
| restoration Of confidence and a steady
business recovery. The tariff should be
revised and the Vreeland-Aldrich cur
rency measure, which Senator Aldrich
himself admitted was an emergency bill.
should be replaced with a permanent
measure Of currency reform"
Francis b. Reeves, president Of the Gil
rard National Bank and Of the Clearing
House Association, said that he now ex-
pected four years Of prosperity.
Although the result was discounted
said he Il think there will be steady,
normal and healthy increase In the vol
ume Of business The Fowler measure
has been turned down. 1t was not work
able scheme"
Ellis A. Gimbel Of Gimbel Brothers. an
elector on the republican presidential
ticket, sad:
TT is what / expected. only Mr. Taft's
pluralities are larger than I looked for
Business should pick up rapidly. There
was evidence of improvement before the
election and that improvement should be
| accelerated.
Samuel D. Lit Of Lit Brothers said:
From what manufacturers tell me.
| believe the election Of Taft and Sherman
| with a republican Congress, will have