The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-04
Franklin, Falkland, BoggS-
town and Warsaw InSti-
tutionS in Deals.
EXECUTIVES WILL MOVE
Main Office of Radio and
TeIeviSion Corporation
for Marion.
BY CHARLES c. STONE
state Editor. The Times

Three developments IN banking
are outstanding in a business and
industrial survey Of Indiana for the
week ended today.
The Franklin National bank has
started operations at Franklin, re-
placing an institution of the same
name. The new institution has a
capital of $4,000 and a surplus of
$4,000, all underwater by a group
of men who we're stockholders in
the old bank.
Merger of the Sugar Greek State
bank Of Boggstown and the Fair
land National bank has been eff
fected, and the enlarged institution
is in operation at Falkland.
Negotiations have been completed
for merger of two of Warsaw's larg-
est financial institutions, the State
bank, and Indiana Loan and Trust
Company. to form a 100000 con-
Germ to be known as the Indiana
State Bank and Trust Company,
with capital stock of 100000.
Marion Gets Main Office
In the industrial field, one Of the
important events of the week was
announcement that the executive
Office of the United States Radio
and Television Corporation will be
moved from Chicago to Marion,
necessitating erection Of building
at a cost of 100000. Don M. Comp
ton, vice-president and general
manager of the corporation, said
desire to bring executive and pro-
duction departments closer to each
other prompted the move. About
100 persons will be employed in the
Office. The corporations CaSe-ApeX
production unit is in Marion.
The corporation, officials announce,
is badly in need of women workers,
describing the situation so acute as
to threaten a cut in production. An
other Marion plant desiring women
workers is that Of the United States
Glove Company.
General Appliance Corporation OF
San Francisco. which has branch
in Marion. announces it will soon
begin production of flasher tail
light for automobiles which is ex-
pected to eliminate the type of stop
light now in use. The light oper-
ates from the brake pedal.
The following summary shows
conditions in various cities Of the
state:
Columbus-Noblitt Brothers have
bought the Columbus Cooperative
Creamery Company, at reported
price of $4,000.
Brass Company to Move
Peru-The Miami Brass Company
will be moved about Nov. l from
its present quarters to a remodeled
building which it recently bought.
Auburn-Bids are being received
by the Auburn Automobile Company
for erection of a modern engineer
ing and administrative building. The
structure will be U-shaped and the
equivalent of three stories in height,
with a frontage of 200 feet.
Newcastle-Officials Of the local
Chrysler automobile plant express
hope that the reduction of the force
always made in autumn will be OF
shorter duration this year than
usual. There are now 1900 men
employed, against 5000 at the pro-
duction peak in August.
Crawfordsville-Th e Lay-More
Tile Machine Company is conduct
ing a nationwide sale campaign.
Heretofore most of the machines
have been sold in western and
southern states, but the present
sales activity is covering the north
and east. Increased business has
necessitated overtime work in pro-
duction.
SS,OOO,OOO Added TO Pay Roll
South Bend-Ofhcials OF the
Studebaker Cooperation, automobile
manufacturer, announce that the pay
roll for 1929 up TO Sept. l this year
was $3,000,00O greater than for the
same period in 1928. Production at
the Colin B. Kennedy Corporation
has reached 500 radio sets daily.
EvansviIIe-The Evansville Pack
ing Company subsidiary Of Swift
g. Co.. announces plans for estab-
lishment of a S25, 900 duck raising
farm on the banks of Pigeon creek
near here. It is planned to raise
5000 to 10000 ducks yearly.
VaIparaiSo-A syndicate proposes
to spend Sl500,O00 in establishing
a health and recreation resort at a
mineral water supply source known
as the flair we'll in Pine township,
Porter county. A tract acquired by
the syndicate has a frontage OF 344
feet on the Dunes highway.