The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-19
MARION TAKES
step TO GET
MORE PLANTS
Industrial Fund Formed
With 10000 Shares
of Capital Stock.
BY CHARLES c. STONE
State Editor, The Times

CtatS EutSoh1 AhC AAhhSs
Organization of the Marion In
dustrial Fund for the purpose Of aid
ing in location of factories at Mar
ion, was the most important devel-
opment in Indiana business and in
dustry, a survey for the week ended
today shows.
Incorporation papers for the fund
show it has 10000 shares of no par
value capital stock. 1t is announced
that for each IS subscribed to a
fund raised for bringing the United
States Radio and Television Cor
poration to Marion, one share Of
the new organizations stock will
be given.
1t is probable that the first &C
tivity of the fund will be to acquire
title to the property formerly oc-
cupied by the Marion Electric Com
pany for lease to some other in
dustry.
Furniture Outlook Good.
Indiana furniture manufacturers
who attended the July market Of
the American Furniture Mart, Chi
cago, describe it as one of the best
ever held in midsummer. The
Globe Bose World Company, Ev-
ansville, has obtained contracts for
10000 radio cabinets, E. F. Karges,
of the KargeS Company, declared:
Our market in Chicago was the
best experienced in years" The
company this week has a display at
the New York market. Lee Endres,
Rushville, reported, 1T has been the
outstanding market since the open
ing of the Mart"
A report on business failures in
Indiana for the second quarter of
this year shows a marked decline
over the same three months in 1927
and 1928, the figures being respec-
lively lis, 149 and 146, while the IL
abilities decreased $1,400,000 this
year as compared with 1923.
The following summary shows
conditions throughout the state:
Kokomo-The first Of four new
sheet mills of the Continental Steel
Corporation plant will be opened
Monday, and the others week
later. Despite summer slumps at
the Hoosier Iron Works in previous
years, the plant is operating stead
lily now. George B. Jones, manager,
aScribes the activity to heavy de-
mands for parts for Ford automo-
biles made prior to last year.
Marion.-The General Appliance
Corporation of San Francisco has
opened an Office and wareroom here,
to serve as its eastern headquarters.
Anderson-Erection of an eight
story 100000 hotel is in progress.
GreencastIe Seeks Factory.
GreencastIe-The Chamber of
Commerce is negotiating with the
Union Underwear Company of In
dianapelis and Cincinnati in re-
gard to locating a plant here.
Columbus-The Reeves Auto Com
pany has moved into its new $75,-
900 building.
Construction of for
ty-room apartment building is I'M
der way. A twelve-car garage will
be built in connection with the
structure. A 48x90-foot addition is
being built to the Kemp Brothers
Packing Company plant. The COM
pany has factories also at Kempton
and Upton.
Hartford City-The Johnson
Glass Company has been licensed
to manufacture non-shatterable
glass under patent held by the
Triplex Safety Glass Company.
ConnerSville-The German Air
craft Corporation has been formed
to establish a plant here for the
manufacture of planes, dirigibles,
balloons and hydroplanes. Incor-
porators include E. l.. Cord, presi-
dent of the Auburn Automobile
Company, with factories here and
at Auburn.
Mt. Vernon-Forty more machines
have been added to the equipment
Of the Overall Corporation Of
America plant here and the man
agement announces forty girls will
be added to the working force.
South Bend-The Studebaker
Corporation announces 25-passen-
ger bus as new product, powered
by the President straight eight
motor. The SINNERS Manufactur-
ing Company announces July bust
ness will be the greatest for any