The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-22
The Building Associations.

The Jefferson will close its business in four months.
The seventh series of the franklin will be issued in
October.
Indianapolis has about seventy building and loan
associations.
The Star will sell what money it has on hand to the
highest bidder on Wednesday night.
The Ash street was organized last month and $50
shares have already been subscribed.
The FIRST monthly meeting of the Ash street associ
atoms stockholders will be held Aug. 3d.
The Knights of Labor holds its shares at $500. It's
shareholders pay weekly installment OF 81.
J. L. F. Steeg as secretary closed the business of
two associations this year--the Indianaavenue and
the Northeast.
The Home was organized in January of the present
year, has redeemed twentynine shares, and has
81, 600 on hand.
The Ilnoisgtreet has been running for five years.
and has redeemed 261 shares out of the 500 issued
and has balance of ST. 376.
The Occidental is association that has just
been organized, with subscription of 300 shares.
Payments will begin in September.
The Mutual Home admits shareholders at any time
without the payment of back dues The Illinois street
the Home and the Ash-Street associations all based
upon the discount system.
The Star will be two years old on Wednesday, at
which time the second annual election OF officers will
occur 1t has now 5000 loaned out at interest,
and has made net profit of 81, OOO
The first payment night for the sixth series of Star
stock will be on Wednesday. An unusually large
number of shares have already been sold and it is
PIoodOi0 tndb Inc WuOlo SETTLES VIII Do CLOSEUP Jul
within few weeks.
The Indianapolis, of which w. A. Rhodes is secre-
tary, does it is claimed the largest business of
association in the State its receipts averaging $500
per week. 1t was organized in April 1882 upon the
series plan and will issue it's tenth series in October
+ Robert Kampf, No. 224 South Meridian street rep
resents six companies secretary-The Citizens,
The Industrial, The South Meridian, The Union The
Laborers, The Knights of Labor, all of which, with
the exception of the last named represent capital OF
81 900; 600 The shares are$2OO, sold the dis
count plan, with weekly installment of SO cents.
Industrial Items.
The WOODBURY. Sarven wheel works are shipping
several loads of wheels per week to Europe They
Europe
Several hard wood dealers of this city lose quite
heavily by the recent failures of lumber deaers-Rus
MAsA One Indianapolis firm loses at least SIS, 900.
E. c. Atkins & Co. are replacing their 1O0-horse
power engine with 3OO-horse power. These
works are employing double the number of men they
did year ago, and still behind in their orders.
Excavations for the buildings of the steel roll
ingmill we'll under way. The buildings will be
erected by Pittshurg contractor, who will put in
open-hearth furnaces make the gas apparatus and
The expectation is that the work will be
completed and the mill in operation in ninety days.
The rolls will be improved by valuable changes
in the lifting tables The engineer of the company is
Mr.. Echoff, who was trained in all the processes of
steel at the great Krupp works. at ESSEN The price
of the work undertaken by the Pttsburg contractor
is said to be about $78 600.