The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-12-28
Survey Indicates 1929 Will
Be Prosperous Era
for Indiana.
EIGHT CITIES SHOW GAIN
Building in November Is
$4,000 Above Month
in 1927.
BY CHARLES C. STONE
State Editor, The Times


1929 with expectations of a prosper
GUS period, it is revealed in a sur
vey of the state for the week end
ed today, the last for the present
year in series which has been
published each Friday during 1928
Although figures are not yet COM
plete on 1928 business, it is safe to
predict that the showing will be
considerably better than in 1927
Totals are not yet available on the
Christmas holiday trade, but it ap-
pears the volume will at least equal
that of 1927, with some indication
that there will be a slight increase.
Among the states larger cities
where business made notable gains
during 1928 are Anderson, Koko-
mo, Fit. Wayne, South Bend, Mum
Gle, Evansville, and Marion. Includ-
ed among smaller cities which ad-
vanced are LaPorte, Elkhart, Peru,
Bluffton, Hartford City, Kendall
vile, Bloomington, Rushville, Col
umbus, Connersville, Greensburg,
and Wabash.
Basis of Progress
Factors which influenced progress
in industry during the year included
mergers, acquisition of new factor
les by several cities and signing of
orders for various products by sew
eral large companies outside the
state.
Building in 1928 will probably be
slightly in excess of the 1927 total.
For November this year the total
was $4,000 above that of Novem-
Der last year. During the month
eight cities among twenty-five re-
porting, had more building than in
the same month last year. These
cities are Indianapolis, East Chi
cago, Evansville, Fit. Wayne, Hunt
ington, Lafayette, Logansport and
Richmond.
The Calumet district, including
Hammond, Gary and Eat Chicago
had prosperous year, but during
November, only East Chicago
showed building gain.
Conditions in various cities for
the past week are shown in the fol-
lowing summary:
KOkOmO-The Continental Steel
Corporation will spend $250,000 on
additional equipment, installation to
begin at once, and may add $780,
900 to it's payroll in 1929.
JeffersOnviIle-The Pennsylvania
railroad announces plans for spend
ing $250,000 in Improvements here
within the next three months, to
include new passenger station and
freight yards with a capacity of
1000 cars The railroad has al
ready expended 100000 on a local
improvement program.
Observation-Disclosures men here
predict that oil development in
Pike, Daviess and Gibson counties
during 1929 will be on large scale.
The Texanna Oil Company has
taken leases on more than 1000
acres; Indiana Oil and Gas Cor
poration, 1000 acres, and the Rox-
anna Oil Company, 1900 acres.
AndersOn-The Anderson Stove
Foundry has moved into its new
plant. The Nicholson File Company
is operating steadily with 500 on the
pay roll. Steady operation is re-
ported by the Lynch Glass Machine
Company, and orders from England,
France and other foreign countries
equal in value the domestic bust
ness.
Gary-A building permit for the.
first unit of the Pacific Electric
Manufacturing Company plant has
been. granted, the structure to cost
$4,000.
the local Inland Steel Company
plant for 1928 will be the largest
in any year since the World war,
L. E. Block, chairman of the board
of directors, announces.
Increase Sales Quota
KendallvilIe-E. E. McCray, pres
ident of the McCray Refrigerator
Company, says: THAT we are OPP
tirnistic about the future is indicat-
ed by the fact that our sales quota
for the year is rs per cent greater
than it was this year"
South Bend-Constructi of a
boiler room is under way at the
Bendix Brake Company plant. 1t
will cost $4,000.
Mt. VernOn-The first carload
shipment in it's history has been
made by the Whitmore Handle
Company. officials announce that
it is planned to install additional
machinery soon so that soft wood
as we'll as hard may be used.
= BIOOmingtOn-Two local manu-
n facturers will have displays at the
January furniture show in Chicago
The Showers Bros. Company and
Athe Nurre Mirror Plate Company.
Stone mill operators indicate they
wills make an unusually strong eff
fort to increase business during
I929 with the probability that sew
aral producers will establish sales
bfices in large cities.
AN Newcastle-An addition with 6,400
eet Of floor space is being built to
he forge room of the Chrysler Mo-
pr Corporation plant Additional
luipment Is also being installed,
cluding two three-ton hammers. a
pOo-pound upsetting machine, an
fctric overhead crane and 1876
b railway track scale.