The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-08-20

an interesting TRACE lttNtf h"e DV0A
issued by Walter J RILEY. president
OF the First Calumet Trust & Savings
Bank, being d survey OF a standard
cross-section of present American in
dustriAl activities as reflected in tho
diversified and interrelated Industries
Of the city of East Chicago, as fol
lows
The magnitude. diversity and high
| financial standing OF the forty indus
! tries sustaining the city Of East chi
cago are such that This community may
b regarded as a typcai cross section
of American manufacturing operations
Therefore. present production rate and
discefnible prospects Of the near future
or these basic industries perhaps may
be Of interest. Included in this let
ter Is d brief presentation OF waRe ad-
5ustments, employment and uncmploy-
ncnt labor sentiment and there is al
Sc touched those major questions vith
which We are concerned. Mention Is
made OF the ranifications of national
commerce because Of the direct rela-
tiou OF our local Industries with min
ing. agriculture. transportation and
domestic and export trade HoweN or
1t should be emphasized that the pur
pos Of this letter IS 20 give a close
W riew Of the Industrial cross-section
hero and tho perspective il purely 10
cal If this letter has any value. II
will result from the deductions that
tht reader may gain in being informoo
Of activities Of these inter-dependent
Industries. tho diversity and infcrrela-
tion of which have caused them TO be
regarded in some quarters az a de-
81.
ditions
E@oN, STEEL, COKE
Liquidation Of wages and shading
Of prices At least have put the steel
industry here in a healthier condition
for future business Present tonnage
is on hand -to-mouth orders. and In tho
Aggregate our -four independents en-
pioy few more men than was the
case month ago some recent help
ful factors include a restricted amount
of export orders. contracts for steel
for railway PURPOSES mostly replace
ments, some autumotive releases and
orders for oil pipe lines our coke
output il apace With mill require
ments. and coking costs are among
those oppressed by freight rates. Apa-
thy in marine and building eonstruc-
tion IA FELT here but the general SIT
ustion has been aided BY our parti-
cipstlon in contracts for storage fac
ilities for the companies operating in
the oil fields hallway Inquiries arc
also reported
INDUSTRIES FEEDING MILLS.
Low production Of iron has deprass-
ed oxygen output. Those departments
Of foundry chemical. box and refrac-
tory interests depending mainly upon
conditions in the steei trade report n
some instances. a Frightening trace
Fire brick production Is about 10 bA
resumed, an increased tinpiate output
has called Tor more shipping boxes
FoUNDRTEs.
our foundries have to do with tho
needs of railways rolling mills pow
er plants and some general work In
the first tue lines. operations have
been in accordance with buying. and
some export and domestic business
has deyeloTed on a conservative scale
for sticking equipment Foundry In
terests here beheve Indications in
their ho!d point TO slightly better bus
moss IN the fall
PACKING BY-PRoDUorR
4 very satisfactory condition exists
- this local industry Wool opcra-
tons arc again fun. and there ss brisk
trhde IN securing powders OF advertfs-
81 trade mark prestige Seasonal
rush is goins on in refrigeration car
repair shops. alae We are making come
new equipment
HUKLDTE0 KArxRIALs
Retarded construction continues ~
affect everything from rfvcts Is struc-
tural steel. Should here be An carly
3 ,~Fr
in the building trades Industry or the
chicago district. even though the sea-
son Is advanced. some small but help
full orders are expected here Not so
much tho disagreement over wage rs-
ties but lurisdictionai strikes. and linn
ttations on the use or certain mater
iels or those not produced In certain
quarters arr among the difficulties
that hsvo engaged attention. Every
elimination Of needless restrictions
whether plain graft. limitations on ma
terisle. arhItrar; rules BY contracting
srnups or quarrtls among crafts. has
a direct bearing on the volume 81
smoke that issues from mill stacks
here. It should be noted that when
building Is resumed on dapendab.e
basis that there viii be available for
stanual fund for building homes. Tn.
money ~iii be procurabIe through this
bank and is provided BY large life IN
surance company. which has mnde iiD-
eral provisions for low rate Of In
tcrest and long-term mortgsies.
HIGHWAY
MATERIALS RLoUnIsKIwG.
one 81 the most pleasing phases OF
local industrial operations IS due t.
tho nation-Widt program Of highway |
constructions. For instance. this city !
is also sustained by the worlds iars-
est cement nlant. annual capacity az f,
100000 sacks which is working fun |
force. Galtaniztd steel culverts arc |
also in good demand.
NON FERROUS
METALS POSITION
Depression in lead. copper and other |
pcn-ferrous metals. To which may 10 !
added certain phases of Tho silver six
uation, has, it true turbed opera
tiens IN this refining ccuter but not TO !
the degree If Suspension that exists
in most Of ne mining and smelling !
ccnt6rs Of fhs west southwest unN }