The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-12-21
T. CHICAGO
INDUSTRIAL
RECOVERY
Year Ending Much More Salts
factOriIy Than When it
Began

The Industrial recovery in the East
! Chieago- Indiana Harhor district con
tinues Irregular and. on tho whole.
slowly, but at least the year is ending
much more satisfactorily than 1t be-
gan When measuring plant improve
ments weekly ar monthly, the progress
made appears disappointing but when
comparing Industrial operations Of to-
day with those OF six months ago,
marked change for the better IS evi-
dent.
The month OF November was gener-
ally known and recorded as the high
est scale of operations IN the forty
diversified industries during the year.
December is ending with a temporal =
lull, as predicted This is attributed
to concerns holding OF of placing of
large orders until after the readjust-
ment OF freight rates. a factor which
is forcing serious consideration An
other Is the outcome Of the dIsarIua-
ment conference, which IN small
measure VIII have It's effect either way
on the industries of this district
Bearing all this IN mind. assuming
a reduction in freight rates and the
opening Of railway equipment buying
the outlook for the New Year in this
district IS promising The basis ror
this prediction is the many prelinlin-
ary negotiations now IN the making.
The important progress being mace
toward tho merging OF possibly eight
large Independent steel companies in
% com bination. which will rival the
United States Steel corporation In pro
duction. power and financial strength.
viii probably be definitely decided up
on next year. This proposed merger
Will include three OF the larger indus
tries OF the East Chicago district.
The steel and TUBE Company Of Amer
lea, Inland Steel Company and Repub-
Tic Iron and Steel Company.
The option secured b. Albert peWolr
Erskine. real estate man Of Chicago
on 1000 acres OF lana owned bv the
East Chicago company and Schlessinc-
er estate, Just west OF White Oak ave
nue. and east Of Calumet avenue prop-
erty lying in the path ard having IN
outlet to the new proposed nIaua
Harbor. may he purchased by the IN
known concern holding the option ard
work on gigantic enterprise started
next wear. The option on this land =
said TO expire January 81
Another encouraging development
seen. is the 1nlaId Steel constructing A
rail mill at it, plant TO be in operation
March j. 1'he company IS already tn
receipt OF large orders for rails, an
operations are expected TO be com
menced in this department upon the
completion OF the mill
The Crane company viii have com
pleted its new warehouse and pipe
shops on Chicago avenue by nex,
month which VIII furnish employnaen,
for more than geo worGtmsn
The Universal Portland Cement CON
pany, concern that has contributed
very literally to East Chicago in the
way of cement dust. mas plans unoer
way for the remodeIing OF its No. 3
plant that viii end the dust nuisance
and housewife troubles. This is other
construction planned for 1929.
The General American Tank Car
company It is understood has a la-s..
construction program for 1922. tn
car company - now erecting a new
wood car department at the west end
Of their plant % house tho construction
Of box car building.
The year 1922 is promising 70 be
marked by extensions to local plants
and enlargement OF corporations in
trenched here.