The morning journal-courier., 1908-02-04
BUSINESS HERE NOW IMPROVING Heads of Big Local Firms De- lieve That Conditions
 Are Becoming
 Better. NO LACK OF MONEY HEM None Thinks Present situation Is Due to the Approach of the Com
 ing Presidential Cam
 paign.
NO LACK OF MONEY HERE

In many respects the business situ-, ation in this city has shown qulte d little improvement the past week, ana is but reflecting the improved cohui- tions all over the country. It IS true that very few local concerns have re- stunned working with the usual numper of employees or on full time. put IL IS the general expectation of the man. agers of New Ravens largest manu- factories that the time when they VIII do so is near. sf f
 The managers of all the firms Inter- rogated by a Journal-Courier repre- sentative were unanimous in the opln-> ion that the trouble here in New Ha ven was because of overstocking 3on the part of their respective companies The financial situation in the outside world, of course, indirectly Is the cause sof thiS Rf4S9ent Bigeiow.. of the National Pipe Bending company, gave the following explanation of the local business situation:
 The general money stringency Of the past quarter year is not the direct cause of the dullness of business In this city It has had some bearing a considerable bearing-indlrectly, however In other cities the large manufactures that have either shut down entirely or only worked on short time have done so because of lack of money to meet the running expenses Most of these outside concerns had orders on hand the filling of which would take several months, in fact, in the case of some of the larger compa- nies. orders for over year In advance were booked As I understand the To- cal situation. such firms as ours, which do mainly an outside business, are af- fected in the following way: Our or | ders come from other places; If these outside firms cannot obtain enough ready money to run their own busi- ness, of course they are in no position to place orders with other concerns Our mails the past week have con- tained more orders than at any time since the beginning of the financial furry The inquiries as to our line have also been far more numerous.
 The business situation Is ce:tninlY looking up When we shall resume normal operations at this plant can not say but l am sure it will be in the very near future"
 Both the National Pips Ben ling ard the Bigelow companies are running eight hours day instead of nine hours, as usual Fully so per cent If the men of both concerns are laid of.
 Winchester Bennett, the vfcq pres ident of the Winchester Rep psating Arms company gave a JournalC Conr- fer representative substantially the same answer that MT Bigelow did He says business Is unusually dull, in fact, more so than it has brcn f,r several years. Mir. Bennett would not make any prediction as to how long the present conditions would endure, although he expressed the op!n on that the business outlook was improv- ing
 The Winchester company is operat- ing all departments some working full time, some overtime and some short time. The employees in some ic- partments put in twelve hours six days week, In others ten hours four days a week Very few men have beer laid off The night shift, however was discontinued the first of the year But" said MT Bennett 'the snlghi shift has not been regular fixture but a sign of. remarkable prosparl:y Under ordinary business cond!ti ms there is no night shift
 Henry s. Sargent, president If Sar. gent & Co, told of the situation a' , that manufactory The employees s r that concern are working eight hours a day for five days a week \ cor. siderable number Of men are also laii off. MT. Sargent says this present per iod is a reconstructire one in bushes. circles, and to prophesY when norma . conditions would be realized wou.t be unwise. as there was n telling how long the work of reconstruction warlt ' take
 The Marlin company Is working min hours for five days a week In some de departments. Others are putting in sl J days week, of nine hours each. N men are laid off.
 J. Howard Marlin. the vice-presden of the company expects to see the sit uation improve considerably in th . near future. He refused to give an e reason for the present conditions. stat !, ing that he did not feel qualified to d so. .-.... One and all of the several manager | interviewed disagreed with the ,ide
 that has become so general that tn = present dullness was due to holding oi of the monied interests until the dues ton of the presidetial succession is set tied The general opinion of these man agers is that the present depression caused by over prosperity, depres sion that recurrs after every period c prosperity sdch as the country ha
 been enjoying since lS9s
 With one or two exceptions, tn smaller concerns. the ones that cater { New Haven trade. are running moi
 mally In itself there is almost
 conclusive proof that there is not a f
 nancial stringency in New. Haven, an is in accordance with the views of tn gentlemen quoted. The only disturbin
 fact is the one that the New Have road has curtailed the working time
 it's repair shops in this city. Tn
 would seemingly contradict the state
 ments of the heads of the conpanie
 interviewed. but when the fact is take
 into consideration that freight traffi is exceedingly light. fewer cars and en
 zines used, thus fewer repairs neces
 sitated the matter appears in 8 differ
 ent light.
 wAUII>GEDRD OFFICER PROMOTE
 Hartford. Feb. 3--Daniel W Lanor
 cite of wslIingford, first sergeant, c
 K. seconS infantry is appointed seC