The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-07

business. there Is every reason Tor
being encouraged in a BELIEF that
better times are near, survey OF
Indiana business and industry Tor
the week ended today reveals.
The Gary works of the Illinois
Steel Company, largest unit OF It's
kind in the world. are operating at
better than 80 per cent of capacity,
a month ahead of the usual date
when that output is attained.
Nine blast furnaces are in opera
ton at the works, four having been
started in as many weeks.
Large Car Orders
Railroads have placed large orders
with car manufacturers in the Cal
umet district in the last few days.
The Standard Steel Car Company,
Hammond, will make 1900 box cars
for the Chesapeake & Ohio and
1900 for the Pere Marquette and
the Pullman Car Company, Michi-
gan City, 1900 automobile box cars
for the Pere Marquette.
Two South Bend plants have re-
ceived large orders from the Ford
Motor Company. The Bantam Ball
Bearing Company will make 10000
bearings during February and the
Bendix Brake Company has an Or
der for 100000 units.
Largest Concern Formed
The most important development
of the week in Indianapolis was the
merger of Furnas Furniture Com
pany and the Radio Allied Indus
tries, Inc. forming a $1,800,0OO cor
poration, said to be the largest in
the world devoted exclusively to the
manufacture of radio cabinets.
Conditions in various cities of the
state are shown in the following
summary:
Anderson Industries here en-
tered February with employment
and production at highest points in
several months. The Guide Lamp
Corporation is near normal produc-
ton. Some departments of the
Delco-Remy plants are near full
forces. January business OF the
maisonette division of the Ward
Stilson Company exceeded the
same month last year by Is per
cent. Production is increasing grad
ualIy at the Anderson Stove
Foundry since resumption of opera
tons Jan. 6, after two months idle
ness. Normal production is ex-
pected by March Is. Certainteed
Products is operating on twenty
four hour day schedule.
$50 Carloads of Stone Sold
Bedford-The Indiana Limestone
Company has obtained the contract
for stone to be used in erecting the
Empire State Life building, New
York, requiring $50 carloads.
Completion of a new
foundry addition to the Haynes
Stellite plant has been set for Feb.
20. HaStelloy, a new product of the
company, will be made in the foun-
dry. The Superior Tool and Ma
chine Company is operating to Ca
pacity, with 225 men employed.
Martinsyille-The Grassy Fork
Fisheries has leased space in the
Chicago mercantile mart, the
worlds largest building, for display
of its products.
Tipton-Erection of a new build
ing for the Citizens National bank,
replacing one destroyed by fire Jan.
6. is under way. Completion is set
for June !.
GreencastIe-The Lone Star Ce-
ment Company plant has suspended
operations, making 200 men idle.
officials of the company hope to
resume operations about March IS.
All storage capacity is now filled
with cement, for which the demand
diminished, due to severe cold
weather, which halted building
operations. E. c. Thomas has pur-
chased the Terre Haute Casket
Company, wholesale concern.
Reorganization Planned
Observation-Disclosures of the Innis-
Pearce Company, one Of the pio-
neer furniture manufacturers OF
this city, which is being operated by
Malcolm Lucas, receiver. have de-
cided on plans for reorganization.
Portland-The Bimel Spoke and
Wheel Company, one of the Oldest
manufacturing concerns here, is to
suspend operations. An option for
sale of its physical assets has been
taken by the Cleveland Welding
and Manufacturing Company OF
Cleveland. O., which plans to move
the equipment from Portland.
NewcaStle-The local plant of the
Chrysler Corporation is employing
the largest force in several months,
with 200 more men on the pay roll
than were carried in January.
Marion-Edwin Lee, manager Of
the Marion Malleable Iron Works,
announces prospects for 1870 are
excellent. More than five hundred
men have been employed in the
plant the last few months, usually
a quiet period for the industry.
Operation OF the Ren-
ance Manufacturing Company plant,
a new industry here. has been
started.
WindfaIl-The American Wire
Fence Protector Company, composed
of local men, has started operations
]. s. Mitchell and Carl Ridden of
the Windfall Canning Company
have leased canning plants at Sum
nitville and Sweetser. The local
company already has plants here. at
Atlanta Sharpsyilie and Greentown.