The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-03-01
NEW kOKOMO
MILL TO GIVE
500 men JOBS
Continental Steel Unit Will
Pay 100000 Wages
Yearly.
INCREASES IN PAY ROLLS
Workers at Anderson, Peru
and ConnerSviIIe Get
ting More.
INCREASES IN PAY ROLLS
BY CHARLES Z. STONE

AddltlOn OF 5OJ more workers and
an industrial pay roll increase of
100000 annually, through eStab-
lishment of new rolling mill at
Kokomo, and heavy gains in pay
rolls at Anderson, Peru and Con-
nersyille are among important bust
ness and industrial developments of
the past week in Indiana, q survey
today reveals.
The new mill at Kokomo will be a
unit of the Continental Steel Cor
poration. Completion is set for Sep
TENDER, Henry Roemer, Continental
president, announces.
An increase of $2,100,0O0 in the in
dustrial pay roll at Anderson is re-
ported by the Chamber of Com
MERGE, for this period of 1929 as
compared with the same time in
1928. The annual total is placed at
$2l,000,000. Factories are now pay
ing employees $1,75O,000 monthly.
$50 Get More Pay
Raises in pay granted Chesapeake
81 Ohio railroad shopmen will in
crease the roll at the Peru shops
$4,000 a year. The raises affect
$50 Peru men.
ConnerSville shows a remarkable
pay roll increase. For the week ended
Saturday, industries paid employees
$4,000, with 1900 persons at work.
Five weeks ago the pay roll total was
only SCI 900 with $3.50 working.
Building in the state during Jan
uary reached a total of $4,465 900,
and was per cent above the De-
cember, 1928, total, but 81 per cent
less than the January, 1928, total.
OF the new work, ST. ,465 200 was in
indianapolis.
The HooSier Condensed Milk
Company, operating plants in sew
eral Indiana cities, announces a
capital stock increase of $120, 900,
for a total of 100000. The COM
pany is planning to build a large
addition 10 its Button plant.
Conditions in other Indiana cities
are shown in the following sum-
mary:
KOkomo-Hamilton- Ross Facto-
ries, Inc, manufacturing lamps and
furniture novelties, plans an imme-
date expansion to provide employ
ment of 300 more persons.
Increases Capital
Charlottesville The Union Saw
ingS and Loan Association has in
creased its capital stock from ST.
100000 to $1,500000. The. associa-
ton reports 1923 was the most
profitable year in it's history. The
Mid-States Steel and Wire Com
pany announces that installation of
new type galvanizing process makes
Its plant the most modern wire pro-
ducing unit in the country.
Marion-The Eilar Piple Saddle
and Clamp Company has been in
corporated with a capital of $780,
00O A contract has been awarded
for extensive remodeling of build
ing occupied by the Trueblood
Laundry
Peru-Expenditure of 100000 by
the Wabash railroad for improve
ment of its Peru division may re-
suit In erection of new roundhouse
here. Work known to be planned
includes laying of new rails and
building of passing SidingS.
South Bend-Prediction that this
city will become headquarters of the
worlds largest company manufac-
turing farm implements have been
made following merger of the Oliver
Chilled Plow Works, South Bend,
with the Nichols Sheppard Com
pany, Battle Creek, Mich, and the
.Hart-Parr Company, Charles City,
La. Reports are current here that
other companies will be taken into
the merger, which is capitalized at
S50,000,000. The merged company
is large enough, it is said, to be a
strong competitor of the Interna-
tional Harvester Company.
Fl. Wayne-A contract has been
signed for erection of a plant for
the Steinite Radio Manufacturing
Company. Fifty men are to be en-
ployed in manufacturing Sky Romer
monoplanes at plant to occupy a
remodeled hangar at the Guy Means
airport.
Steel Production Gains
Gary-OperationS in the local
works of the Illinois Steel Company
are now close to the 100 per cent
mark. due to opening of the tenth
stack of blast furnaces. The unit
has a capacity of 1000 tons daily.
Twenty of total of twenty seven
Company announces that its untitled
stacks are now in use.
Aubu-n---The Auburn Automobile
orders Il 5000 in the New York,
Boston and Philadelphia district,
with less than fifty cars in dis
tributorS hands. At the same time
last year, the figures were 102 and
900 respectively.
Vincennes-Iglehart Brothers, Inc,
-four millers, announce plans for
erection at their plant here of
eighteen storage and fourteen inter-
bins, to cost 100000.
Mt. vernon-The new plant of the
Overall Corporation of America here
has been dedicated. and officials an
nounce operations viii be started
within few weeks. Forty persons
will comprise the force at beginning
of production
~ Mex Postmaster
b. Times special
TAYLORVILI.E. Ind. March Il