The Washington times., 1908-07-26
Occasional SetbackS Show
That Real Height Is
Yet to Come.
u. S. STEEL MILLS
TO RUN FULL TIME
Railroads Getting Equipment Into
Shape to Handle Big Crops.
Reports From Country.

Indications that business has al least
begun 70 recover from the serious set
back which it suffered from the panic
Of last year are the increasing OF re-
sumption OF activities or enlarged op-
erations Of all kinds. Students OF the
trade situation point 20 the occasional
shutdown or curtailment OF product as
factor not 20 be overlooked. and as
showing that the march Of commercial
activity toward the high point attained
prior TO the panic is yet in its early
stages. They place emphasis. however.
on the surety that this advance has
actually begun.
Reports from Pittsburg. for instance.
forecast a normal business IN the iron
and steel industry BY or before next
spring. and the condition Of. the iron
ana steel trade has long been accepted
as the barometer Of the general bust
ness situation. Il Is said that Of the
United States Steel Corporation have
been gaining steadily, and are working
10 about 50 per cent Of the capacity OF
1901 As this means nearly the equiva-
lent OF fun capacity in the best previous
year IN the existence of the corporation
the announcement IS regarded as i'm
pressive. No later than Thursday, fur
thcrmore. AT a meeting OF the presidents
OF the subsidiary companies OF the steel
trust held in New York the keynote was
the determination TO run all the steel
mills owned oy the trust full blast in
the immediate future.
Farmers Are Prosperous.
The increasing prosperity Of the farm
or IS reelected in this Improvement IN
the iron and steel trade. Il is shown
not only in such products as wire, but
also in bars used by manufacturers OF
farming implements and the increasing
activity with which railroad shops are
preparing cars 10 move heavy crops.
The Improvement is slow. but never
theless real. and considering that IL
comes IN midsummer, when there is
usually a considerable diminuti5a Ia the
demand for iron and steel products and
decreased activity OF mills, IS regarded
as encouraging.
The signing Of the wage scale OF the
Amalgamate. Association by important
manufacturing concerns has removed
thu cause OF some anxiety and furnish d
further reason for believing there will
bc few. Il any, serious wage coutrover-
sles Jhis sumner The strike OF miners
ia the South is causing some trouble
but has not resulted in the banking Il
aEy furnaces.
Where Prosperity Returns.
At Orange the plant OF Thomas a.
ECison. employing ZOO men. has re-
sumed operations on full time. after
many months.
At Brooklyn the Anscnia Clock Com
1any. which errpIoys more than a thou
sand hands. is now oper with a fun
force. after a shutdown lasting several
weeks.
At Salem. Mass. tre Naumkeag Cot
ton Mills have resumed operations on
fun tine, giving employment TO 100
hands
More than 1880 emr-oyes OF the UnIed
States Rubber Company associated with
seventeen factories controlled by the
Rubber rus have 5aan made 70 under
stand that business conditions have ina
proved, by an order from the New York
Office restoring the old rate o. wage.
Since January the men had been work
ing under a cut OF : TO . per cent
Steel Cars Ordered.
At PittsbUrg the plant Of the Pressed
Steel Car Company. employing 1000
men. VIII be put IN full operation by
August /. The mills viii be employed
in making steel passenger coaches to
fl rush orders which have come from
the pennsylvania Railroad Company. the
Philadelphia Subway Company. and the
Chicago Railway Company
At St. Louis between 1000 and 20.090
men. made idle last October, have been
put back 20 work in various manufec-
tn, ng plants in and arounI there since
June 1. Heads OF Industrial institutions
in the vicinity CT that city say that not
less Than 10000 or 1900 more men viii
be working tuH time oy Angus /
At Minneapolis james J. Hill says
there viii oe more grain Of all kinds
throughout the Northwest as conditions
stand today. than there was last year
He adds. The increase will probably
be from . to 10 per cent over last year
,rops" This means. Of course. better
times for the people IN the vast gram
belts. with the rssulc or create. profits
for merchants throughout the west, in
creased bank dep sits. and 50 on