The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-01-26
Building Will Cost 100000
More Than Hundred
Guest Rooms.
STORE TO BE REPLACED
Fire at Fl. Wayne Brings
Plan for $1,25O,000
Structure.
BY CHARLES C. STONE
state Editor, The Times

new SoUU,UUU MOTEL Tor Bloom
lngton and a $1,25O,0O six-story
modern store building to replace one
burned at FIT. Wayne are noted in
a business and industrial survey of
Indiana for the week ended today.
Tentative plans call for an eight
story structure to house the Bloom
ington hotel. There will be more
than 100 guest rooms.
The GraI.4 Leader COMPANY will
occupy the new FIT. Wayne store
building. The structure will be of
the "set back" type, popular in New
York, Chicago and other large cities,
but the first of the kind for Ft.
Wayne.
Steel Circles Interested
The Calumet district of Indiana
is showing much interest in discus
sion OF a merger of steel companies.
The merger, it Is understood, was to
include the Jones & LaughIin.
youngstown Sheet and Tube and
the Inland Steel companies, but
latest reports indicate the first
named has been dropped. Both the
latter two companies have large
plants in Indiana Harbor. The
Jones & Laughlin company has
done preliminary work at Ham
mond on a new plant which ulti
mately will represent an outlay OF
$75,0O0,O00.
Steel mill owners believe 1922
Will be a bigger building year than
either 1926 or 1927 and also expect
automobile manufacturing will
cause heavy buying of steel.
One hundred f1ve-room BUNGALOWS
to cost $750,000 will be built at West
Gary as homes for steel mill en-
ployes. Construction of the first
group of twenty-five is already
under way.
Trade Volume Increases
December dollar volume of trade
as shown by bank debts was $685.
$4,000, an increase over a year ago
and over November" says the cur
rent issues of the Indiana Business
Review in commenting on economic
conditions in Indianapolis and Mar
ION County in December. The re-
view Is prepared by Charles F. Ben
eel, indianapolis division manager
OF the Indiana University bureau
OF business research, and published
monthly by the Fletcher American
National Bank, indianapolis.
The report on Indianapolis con-
tinues In part as follows:
Bank clearings increased to
$102, 717,000. Retail trade was ex-
tremely active under stimulus of
holiday buying and preliminary re-
ports indicate that new peak for
Christmas trade was established.
Advertising Gains
advertising lineage in three news
papers amounted to 3,341,214 agate
lines, an increase of SO per cent over
November, but IL per cent less than
year ago. Building contract
awards numbered 81 and were
valued at $9l8,400, adding 164, 300
square feet of new floor space as
compared with 90 awards last De-
cember valued at $695.900 and
having floor area of 83, 100 square
feet, according TO the F. w. Dodge
Corporation.
Automobile plants have expanded
= their working forces; stone mills are
operating full time; iron and steel
production has continued the in
crease shown last month; and
further extension of work on a num-
Der OF building projects has been
possible during the warm spells this
winter; however, road building and
like work has been suspended until
spring" This was Benzels report
with reference to the general en-
ployment situation in Indiana.
The survey shows conditions else
where in the State as follows:
WASHINGTON-M has
arrived for the new Graham cheese
factory, located east of here on State
Rd. SO.
KENDALLVILLE-The city coun-
Gil has ordered plans for an addi-
tion to the municipal electric power
plant. 1t is proposed to add a 1000
kilowatt unit to the present $50
unit.
New Home for Store
Neutrality-suspicious. are ex-
pected to begin soon at the Crafts
man Tool Company plant, a new
industry. The site is now being pre-
pared for erection of a $4,000
building for the S. S. Kresge store.
MUNCIE-Booking of orders for
large quantity of high-speed truck
tranSmiSSions by the Graham Truck
ing Company assures operation of
its plant through next summer.
ACKNOWLEDGEMENTS of the
new Belden plant will probably be
started Feb. Is. The last shipment
of equipment has arrived.