The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-07-18
$4,000 TOBE
DISBURSED BY
CANNING PLANT
T. A. Snider Company viii
Pay S125,000 in Wages,
100000 for Purchase.
BETTER OUTLOOK NOTED
American Bankers ASSocIa-
ton Official Hopeful OF
Upturn Sept. ].
BY CHARLES G. STONE
-a Uagt-~ Thn TinneN

BY CHARLES G. STONE
state Editor. The Times
Operations of the 7. A. Snlder
Preserve Company plant at Marion
during the canning season VIII re-
suit in expenditure of s325.ooO 1t Is
announced by A. c. Shafer, factory
manager. OF the sum, Sl25,OOO VIII
be for pay roll and 100000 to Grant
county farmers for corn ana
tomatoes.
Two other favorable developments
at Marion, revealed in a business
survey Of Indiana for the week
ended today, were announcements
that business Of the Marion Ma
chine and Foundry Company Is In
favorable volume, and resumption OF
operations by Indiana Truck Cor
poration with prospects OF steady
work for several months. More than
200 employees are back at work, and
a like number comprising the
foundry company force is employed
six days week.
Banker Sees Upturn
Rome c. Stephenson, South Bend
banker and first vice-president OF
the American Bankers Association,
declared in addressing the city's Ro-
tary Club that The best authorities
on industry, finance and commercial
activities are unanimous in the be-
lief that business is already showing
marked improvement and after the
seasonal condition that is ever pres
ent in June, July and August, there
should be a marked improvement In
all commercial activities observed by
Sept. l."
Some improvement in the furni-
ture business was reported by Shell
byville manufacturers, who had ex-
mostly from dealers in towns and
Chicago and Grand Rapids. Several
Shelbyville factories obtained orders,
mostly from dealers in town and
small cities. Full operations have
been resumed by the Niemann Fur
niture Manufacturing Company at
Blufton. With 213 persons on its
pay roll, the Wabash Cabinet Com
pany at Wabash, announces good
prospects for reaching maximum
employment of 300 for steady work
the remainder of the year. The
company manufactures radio cab
inets.
In the Calumet district, it is ex-
pected uncertainty will prevail in
the steel industry for the next two
months. Some furnaces at Indiana
Harbor have been shut down for re-
pairs and one will be rebuilt.
$4,000 Building for Store
Conditions in various Indiana
cities are shown in the following
summary:
BIoomington-s6s.O 900 building will
be erected here as quarters for the
j. G. Penney Company store The
new building will have a limestone
front and occupy site on which
the Penney company has taken a
ninety-nine-year lease for a total
rental of $750,000.
Muncie-Good progress is being
made in erecting a new plant for
the Warner Gear Company. The
construction work is providing en-
ployment for 500 men.
Greenfield-The Greenfield Man
ufacturing Company is idle due to
completion of its schedule of lawn
mower manufacture for the year.
Company officials report a success
full season with output only slightly
under that of last year.
ElwoOd-The American Sheet and
Tinplate Company plant is in full
operation, a change from fifteen to
sixteen turns weekly having been
made this week. Officials announce
receipt of several orders with good
prospects for continued steady op-
Grafton.
Burned Plant to Be Replaced
Greensburg-A new plant for the
Standard CaSket Hardware Com
pany, much larger than the one re-
Gently destroyed by fire, is to be
erected Immediately, according to
John Schwartz and John Breuweri
composing the company. 1t is
planned to resume production with
in q month and a half.
Trafalgar-The new plant Of the
Hoosier Canning Company here is
near completion and will be ready
for operations by Aug. 10. when the
seasons activities are scheduled to
begin. About one hundred men will
be employed at the peak Of oper-
atoms.
Auburn-The Auburn Automobile
Company announces that for the
three months ended May 81 the
balance sheet showed the company
in the strongest financial position
since it was founded.
ConnerSville-The United Vacuum
Appliance Corporation has been re-
organized and the capital stock in
creased from $4,000 to 100000.
South Bend-ProfitS of the ASSo-
ciated investments Company for the
first six months of this year were
$1,000 greater than for the same
period in 1923. The company IS
engaged in automobile sales financ-
ing.