Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-08
INDIANA DAILY TIMES, SATURDAY, OCTOBER 5, 1921


this year over last year of 1,124 permits
and 81, 654 sos In valuation. Dwellings
constitute about 40 per cent of the valua-.
ton, and the Building Age, a trade paper
of New York City, says investigation
made by it reveals that indianapolis
needs 1000 additional homes, twenty five
apartments, five schools, five Office build
ings and one municipal building" all of
which, according to observing citizens,
! proves beyond a reasonable doubt that
/, indianapolis has a solid industrial foun-
dalton concerning which 1t can boast with
pardonable pride.' Local real estate men
say that Indianapolis needs sufficient
homes to house 10000 to $4,000 additional
persons, while the prediction has been
made by enterprising business men that
within the next ten years industrial In
dianapolis will have increased the city's
population to not less than 1,O00,O 900 per-
sons"
NEW INDUSTRIES
LOCATED.
Last year eighty new industries To-
Gated in Indianapolis, while the Chamber
OF Commerce has been in correspondence
with hundreds of other concerns that
would like to locate in Indianapolis on
account of the ideal labor conditions as
well as because of the distinctive geo.
| graphical advantages. The Bureau OF
! Industry of the Chamber of Commerce
| says that, although many important in
dustries are planning to establish plants
in indianapolis during the next two or
three years. only such industries as will
| prove successful and which Will help to
| improve general business stability and
| conditions, are being encouraged to come
| here"
The financial institutions which make
| possible the gigantic business enter
! prizes of Indianapolis and which bust
nesses in turn make it possible for these
same financial institutions to exist, in
clude thirty one banks and trust COM
panies. Life insurance companies report
! to the State department that they have
policies in force in indianapolis amount
ing to more than 1882 ,O0O,00 and fire In
! surance covers risks amounting to S241.-
| 0O0,0O There are thirty eight 4nsur-
! ance companies here covering life, health,
accident, ire, compensation, marine and
! fraternal plans.
| The industrial prosperity OF Indianap-
| oils enjoyed through the manufacture
sale and use of made in Indianapolis
products is evidenced by the fact that
$500 retail stores, employing 1900 peo-
| pie annually transact about $3.50 900 000
worth of business. More than $50 whole
sale houses, employing LOO statesmen
who comb the adjacent and richest agri-
cultural territory in the world, annually
distribute merchandise worth $175, 10000
The value of foods alone distributed from
Indianapolis annually, reaches $21, 900, 600
dry goods, $4,000, 900; hardware. S20,O00,-
| 900; electrical supplies, $40 1000. 900; drugs,
$1,000, 600; auto accessories, $20,0OO,00O.
JOBBING HOUSE
REPORTS.
The jobbing houses of Indianapolis in
clude forty four dealers in agricultural
implements, forty-nine IN auto accessor-
les; thirty in builders supplies; twenty
wholesale confectioners; fifty five In cleo
trical apparatus; twenty wholesale
grocers; seventy lumber dealers; fourteen
-four cealers; twenty five fruit dealers
forty merchandise brokers and many 9TH
ers In miscellaneous lines.
The commercial and mercantile institu-