People's Pilot, Volume 3, Number 9, Rensselaer, Jasper County, 18 August 1893 — WHEELS AGAIN TURN. [ARTICLE]

WHEELS AGAIN TURN.

Mnu at Pittsburgh Resum* with Full Forces—Wage* Are Net Redecoff—Upward Of 15,000 Men Will B« at Work Pittsburgh, Pa., Aug. 16.—The outlook in the iron and steel trade is brighter than at any time since the closing of the mills for annual repairs and since the shortage of currency began. At Jones <fe Laughlin’s several departments have resumed operation, and 500 additional men were given employment. Arrangements are in progress for resumption in the steel department in a few days. The report that the wages of the men not affected by the amalgamated scale would be reduced 10 per cent, is not true. Both of Carnegie’s local mills and the Beaver Falls plant will be in operation this week, as will also probably be Zug & Co.’s works. The Braddock wire works, at Rankin Station, started np Monday after two months’ giving employment to 700 men. A number of departments of the National tube works resumed Sunday, and the National rolling mill will be started Wednesday. Next Monday the Black Diamond steel works will start up in all departments. The works were running about half time and shut down last Saturday, but when the resumption takes place the full quota of 4,000 men will be employed. These mills will give employment to upward of 15,000 men. Providence, R. 1., Aug. 14.—The score of cotton mills owned and operated by B. B. and R. Knife, of this city, and located in Rhode Island and Massachusetts, started up Monday morning after having been stopped a week. The plant operates nearly 450,000 spindles and upward of 11,000 looms, employes 8,000 operatives, and has a weekly pay roll of $50,000. Kansas City, Mo., Aug. 16.—The Armourdale bank at Armourdale, which suspended business ih the financial crash one month ago, reopened its doors and resumed business Tuesday morning. No anxiety was expressed by any of the depositors who had money tied up in the bank. The officers announce that they have ample funds to pay every dollar of deposits in the bank. Fort Scott,. Kan., Aug. 16. The First national bank of this city, which suspended July 18, has resumed business. Bank Examiner W. A. Latimer, of Sedalia, Mo., has issued a notice to the depositors stating that the institution is in splendid financial shape, and while, like other banks, it cannot stand a run, it is perfectly worthy of the confidence of the people.