Show C SITUATION NUT NOT V YET VET HOPELESS Conservatism in New England Industries and Output Has Been Restricted SHOE TRADE JRADE IS PICKING UP WOOL MILLS MILL RUNNING ON SHORT TIME I Boston Dec 22 The opening of ot the last full week of ot the year ar finds conservatism predominant In all New England Indus indu Industries Industries tries but there Is no feeling of hopeless hopelessness ness apparent anywhere and the general sentiment appears to be that trade trades will partially al I recover during 1908 1906 though a full ful revival Is not looked for until after the presidential election As this is the center of ot the wool woo hide leather boot and shoe and shoe machinery machinery trades of tile the United States and nearly a hundred cotton and woolen mills have their head offices In Boston the tile commercial commer commercial commercial cial situation In the country at large is usually accurately reflected here New England banks stood the financial strain better than Institutions In other sections only three banks being compelled to close Of these one has haG resumed and a second la w making arrangements to do so It is generally generall admitted that the financial out outlook outlook outlook look is s brightening and industries are being conducted cautiously and a policy of curtailment and reduction of expenses has been adopted in practically all aU branches of trade Output Restricted The manufacturers regard it advisable to restrict the output in order to prevent a slump in prices and a great at surplus of goods in the spring Curtailment is gen general general general eral among New England gland woolen mills many of ot which are running but four days a week It Is estimated that hands are affected In the woolen trade by the short time The machine shops chair fac factories factories factories tories and shoe factories have also been restricting the output The shoe factories are gradually getting on full time again as that industry shows more Improvement improve improvement improvement ment than th n most of the others Hundreds of or establishments will take ad advantage advantage advantage vantage of the holiday week and close In part or entirely Nearly all will re resume resume resume sume work next week While a gradual improvement is looked for or in 1908 1906 it is estimated that from to employee of o New England indus industries Industries industries tries will be on a basis during the first part of the year ear This number will be an increase of or about over the number affected last week due to the arrangement now being made by b cotton manufacturers to curtail curt aU the output 25 Z per cent from Christmas until March Marc L |