South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-06-18


Compelled 90 add TO lfs facilities
hv an ever-lncreasing demand for
lrs product tho corporation pro-
poses the present as the opportune
un1e for enlargement
Choosing Us local plants as the de-
sirabie Instruments to make use Of
its opportunity. the big automobile
manufacturing plant has set the lead
FOR other8 90 follow. Authorizing an
lnver ment. Of $4,000. 600 in buildings
and machinery. the business district
will De improved. other factories
presently operating viii be enlarged
and business on an ascending scale
VIII be felt by concerns large and
small
Need Many Homes.
90 primal Importance. coincident
with . o. announcement Of this pro-
gram. came the call for the building
of homes. At least 2. 500 additional
workers TO the present operating
force OF nearly 5000 would have TO
DO provided with suitable places 20
tive
All this did not include the ulti-
mate plan OF the studebalter corpor-
alton providing for daily output OF
500 cars and an increase to their
working forces OF at least 5000
men.
Contracts have been awarded and
ground broken for the undertaking.
Modern buildings VIII displace less
commodious structures and new ones
added The authorization calls for
the extension OF some OF the build
ings erected three years ago. a
power house. estimated cost Of con
struction OF which Is approximately
$500 600, viii be erected. This pro-
gram calls for completion by the first
OF the year.
Larger Business section.
In this way does South Bend fan
heir TO a situation desirable. profit
able and the realization OF which
destines tho cily's growth TO forge
ahead by leaps and bounds.
IL will demand an enlargement 70
the business district OF the city 70 a
substantial degree. Arteries OF trade
WIN be extended and several thou
sand homes be erected to take care
Of the influx or additional workers
The principal concern Of the citizens
or the community IS the housing
question and plans have already been
formulated 70 encourage the building
OF homGs
Predictions on the ultimate growth
OF South Bend asa consequence of
the studebaker expansion is not the
province Of this article. The growth
OF the city already foreseen. building
o. rr-r- --f---.- Erffnfa. fr,,-e~rr-
the elimination of the program as
Hured OF success, feature arises
which goes another step farther
by the natural law Of actions and
reactions the presently inaugurated
movement should be gagged. Judg-
ing what the future viii bring forth,
South Bend has no cause 20 fear a
resultant depression There are
natural causes which portend def
mite enlargement Of the program
already entered upon. For this rea-
son the sun OF local prosperity can
he said 10 have hardly risen above
the horizon
Back 70 Normal.
Those without an eye 20 the future
have expressed themselves as willing
90 hold back and await the results OF
the present expansion movement. /
They have laid claim that the pres
ent program is 90 its nature but a
temporary boom. IF a boom II Is,
by this same name 70 can De ap-
preciated. for lt VIII hold. The4
principal reason 70 support this cOn-
cluslon is obtained from conditions
faced by the Studebaker corporation
q D. I'm a
particularly affect the automobile IN
dustry. they are applicable to d.
sest on business as q whole.
Automobile plants the country
over have resumed normal produc-
ton. or nearly so. Sales are con-
tnuously increasing. The slump
in business has passed over and I'm
.ts stead has come a healthy and
s. corous demand for all makes of
automobiles Detroit. the automo-
bile city. has after is months or
depression Witnessed a come back .
following the greatest boom known /.
in the history OF the country.
with the cycle on the incline I.
again. with fust the beginning reach /
ed there is in store for the industry .
a second prosperity era. At the I
same time. industry ard business .
conditions In general are beginnins /
90 respond
Top Not Reached.
Evidence az this IS obtained IN the /
major movements of the stock .
market. that truest OF ali but most /
m sunderstood OF business baromet- /
trs These movements discount con-
dltious FAR i'm advance. irrespe I
az minor speculative flurries that /
might ensue with Individual stocks. /
The study OF these major cycles 4
which normally hold for period OF I
rhree to 1--WE years. IS interesting
AT present stocks are on the /
''sweIl' and discoun-ns temporary [
sstbacks tho "top" has not been F.
reached Until The list reaches the (
aut Of les ascent IL IS safe 10 con- /
Hd. hat business IS showing a Z
healthy stride forward.
STU" at one tnIe tho football OF f.
Wali ST. ls am example or these /
movements FROM $40 share in /
feIS tie stock rose I'm value 90 q
h.rh or $751; With the break por-
tended m sequence Of a readiust-
rler- period after the war. the stock
trU with the rest ~ the market and
with The assistance OF an Increased
capitalization che most spectacular
of the automobile shares soli on 10
the sos Then the future of Stude-
baker ye8s assured The intrinsic
value az Che "L.-lt SIX" and the in-
ereas.ns demand for 70 made itself
eE deEr and the stock began climb