The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-12
ChrysIer Unit viii Nearly
Triple Force With Steady
Schedule Ahead.
STEEL INDUSTRY B00MS
Huge Figures Mentioned in
EXPANSION Program for
Calumet Area.
BY CHARLES G. STONE
state Editor. The Times


the Chrysler automobile plant at
Newcastle from LOO TO 5000, WIN
prospects for steady operation, Is
the feature Of a business and IN
dustrial survey Of Indiana for the
week ended today.
The plant has resumed operation
after being idle while new ma
Chinery was being installed. This
eouiDment is for production OF
new four-speed Transmission, peak
output of which is expected by
Aug. l.
Newcastle business men, elated
over the working force increase, saw
further evidence of the cltyS pros
perity in report Of the Citizens
State bank, showing a yearly busl-
ness volume Of S2,7500OO, an IN
crease Of $15O,OOO over the preced-
ing year. Oil developments IN
Henry county are also being
watched with interest. The Leigh
Nichols Oil and Gas Company,
corporation which has leases on
1000 acres of land in the county
expects to begin drilling of test
holes within a few weeks.
Expansion programs Of steel com
NAMES in the Calumet district
formed another outstanding deVel-
opment of the week. The United
States Steel Corporation plans eX-
penditure of $100,OO0000 to $780,
100000. it is estimated, while $l5,-
100000 will be spent by the Hi
nois Steel Company. Another lUem
OF large figures is announcement
that Lake county's tax valuation Tor
this wear is SAT-, 374,3 an in
crease Of S10.58O,21O over last year
Gary showed an increase OF 81
974 433. Hammond, S4,718,1l5, and
East Chicago, $872,53O.
Plant Produces at Capacity
Industrial activity at Anderson
continues. The Guide Lamp dlvl-
sion of General Motors is at the
Deak of production, turning out 3D.
GOO units daily, with force OF more
than 700. Other industries on
steady operating schedules are the
American Steel and Wire Company,
Seton Box Company, Certaln-Ieed
Roofing. Van Dixie Pattern Works
and Superior Pattern works. The
Forse Equipment Company plans
an addition to it's factory to take
care of additional business due to a
heavy demand for a steam garment
pressing device recently put on the
market. ,.
The Herald Publishing Company,
publishing the Anderson Herald a
morning newspaper, announces
mans for erection of S15O,O0O
building. Construction OF a s5OO,ooO
sllbstation of the Indiana General
Service Company, three miles east
of Anderson, is near completion.
The following summary shows
conditions in various other cities:
5Iuncie - The Glascock Manu-
featuring Company announces
$4,000 addition will be built to us
nIant. the first unit in a general eX-
ransion program. Up to July l.
i,ern1its for the building OF 2O0 resi-
dences had been granted, against
337 for the entire year OF 1923.
Columbus-Noblitt-S Sparks Indus
tries. Inc. with plants here at
Greenwood and Seymour, announces
gross sales for May this year were
S4O2 GIT as compared with sl55,332
for the same month in 1923. A. J.
eud Glenn Newton. operating chain
rc+ail shoe stores. announced the
croup now numbers fourteen, the
most recent store having been
opened at Richmond.
Greensburg-The weaving depart
ment of the Cyclone Fence Com
many. shut down several weeks ago,
will resume operations Monday, and
It is planned to run on day and
night schedule.
ConnerSville -T The new $4,000
freight and express station OF the
indianapolis & Southeastern rail-
road will be opened Monday.
oomington-ShOwer Bros. Com
panv has several new designs in up
holstered furniture, mirrors, occa-
sional chair. dining and bedroom
slIites and electric kitchen cabinets
ON display at the midsummer dis
plav Of the Furniture Mart in Chi
cago.
More Coal Mined
Terre Haute-Coal production in
Indiana is steadily gaining. accord
ing to William Mitch, secretary OF
District II. United Mine Workers OF
America. quoting department OF
commerce figures. These show
gain from 274.0O0 to 100000 tons
within a week. while in April the
highest weekly output was 10000
tons.
CrawfordSville-The Apex Stamp
ing Company, a new industry here,
plans to have a full production
schedule in effect within few days,
H. P. Smith, manager announces.
Evansville - The HooSier Lamp
and Stamping Corporation has &C
ouired the old Graham-Paige plant
due TO the necessity for more room
because of expanding business.
Moving of the plant is scheduled for
Aug. /.
La Porte-A tractor with 46-inch
tread is a new product Of the Ad-
vance umely Company here.
wabash = The Minneapolis
Honeywell Regulator Company,
which has a plant here, has de-
clared an extra dividend Of so cents
a share on its stock, the second this
year. The first extra payment, also
Of so cents was made June 30