The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-06
GOOD BUSINESS
FORECAST FOR
STATE IN 1880
Leaders in Various Cities of
Indiana Optimistic for
Coming Year.
BUILDING BOOM LIKELY
EvansviIIe's 100000
Total for 1929 Expected
to Be Surpassed.
BY CHARLES G. STONE,
State Editor, The Times


With but three weeks of 1929 re-
manning, a business and industrial
survey Of Indiana for o seven-day
Z period ended today reveals an OPP
timistic outlook for prosperous
conditions during 1880.
An instance of the opinion that
business will be active next year is
afforded by Harry Bockhoff, an
official of the National Automatic
Tool Company of Richmond. He
says
fright now we have more men
on the pay roll than ever before,
than we had even during the great
wsr boom. We have enough work to
keep US busy until March /, 1890
and the way the new business is
coming in, it appears that we will
have a normal volume throughout
the coming year."
At Evansville, officials Of the
Hoffman Construction Company
predict a large volume of building
in 1890. surprising the 100000
total for the city this year. An in
stance Of industrial activity Is af-
forded by the Igleheart Flour
Mills, which are being operated day
and night.
Stock Shares Doubled
Noblitt-Sparks Industries, Inc,
with plants at Columbus, Seymour
and Greenwood, has doubled its
capital stock to 10000 shares.
Or. A. F. Haake. Chicago, adj
dressing twenty-seven Indiana and
Michigan furniture manufacturers
at Goshen, predicted that 1880
would be a more profitable year
than 1929.
+. S. Chapman, factory manager
Of the Chrysler automobile plant at
Newcastle, announces that men are
gradually being re-employed, and
that 1000 are now on the pay
roll The largest force at the plant
has been 2,141, and the smallest 960.
He said an effort was being made
to increase parts production at the
plant which would tend to insure
I more steady operation.
i Conditions in various IndiarG
Aties are covered In the following
urinary:
BIOOmingtOn-The Saddle Greek
II Company announces five test
ellis are to be put down in Polk,
Salt Creek and Benton townships
Monroe county.
Charlottesville - The Johnsc
Manufacturing Company has addC
q domestic water Softener to i
line.
Observation-Disclosures of machinery
Is expected to be started within ten
days in the old Ames Shovel and
Tool Works plant, bought recently
by the Western Indiana Gravel
Company for manufacture and re-
pair of machines.
=. Trafalgar Contracting for toma-
toes to be used by a new canning
plant to be established here next
season has been started.
Plant Sold by Receiver
Spencer-The Farm Life publish
ing plant here has been bought at
q receivers sale by Samuel Guard,
WHO announces that it will probably
be in operation again by Dec. Is.
About thirty-five persons will be
employed.
Terre Haute--A labor dispute at
the Talleydale coal mine has been
settled and $50 men, some of them
idle for four months, have returned
to work.
TT. Wayne-The General Electric
Company has awarded contracts for
building additions to its two plants
here Mt a total cost of 1857 900. The
Capehart Corporation is to double
the size of its present plant, pro-
viding facilities for a $4,000, 900
annual business.
Gary-The Gary Real Estate Ex-
change, capitalized at $750,000 is
planning erection of a S400, 900
building. The Gary Heat, Light and
Water Company is contemplating
changing its 25-cycle distribution to
] more modern 60-cycle, at cost of
s2500, 900.
A JeffersOnvilIe-Th city of Jeffer-
Sonville has leased a corner of Rsder
park to the Standard Oil Company
for twenty-five years at q total
rental of $18,500. The company has
agreed to spend at least $4,000 for
building on the leased site.
Auburn-The Auburn Automobile
Company announces expansion pro-
grams by two of its subsidiaries, the
Limousine Body Corporation, Kala-
mazoo. Mich, and Lycoming Manu-
featuring Company, Williamsport,
Pa
Hagerstown-The Perfect Circle
Company announces net income for
the first ten months of this year
was SSS9, 259, against $772,1e5 for all
of 1928.