The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-03-13
Steel PLANT
WORK To COST
Ten MILLIONS
Inland Will Enlarge Plant al
East Chicago With
Strip Mill.
FIFTH FURNACE FIRED
Gary Production to Be
Larger; Hammond Firm
Gets Brake Order.
BY CHARLES C. STONE
State Editor. The Times

Granting that the steel trade is
the barometer OF trade. develop
ments of the last week justify a be-
lief that business conditions are
rapidly improving. Among the de-
velopments was the announcement
by the Inland Steel Company that
it will spend $4,000, 900 expanding
its plants at East Chicago, inclHd-
ing q continuous strip mill. Work
will be started in thirty days. Com
pletion is set for eighteen months
hence.
During the week the fifth of the
twelve blast furnaces of the Illinois
Steel Company's Gary works was
fired, the second put in operation
since Jan. !. This means an in
crease of about so per cent of nor
nal operating capacity. Twenty five
of the plants forty-nine open
hearth furnaces are in operation.
The clasp brake department of
the American Steel Foundries' Sim
pick plant at Hammond has booked
an order to provide brakes for 1850
linety-ton steel cars for the Bes-
selner & Lake Erie railroad
Muncie Company Gains
With 1000 already on its pay roll
the Warner Gear Company an
nounces that an order for trans
missions from the international
Harvester Company will necessitste
increasing the force.
The. Studebaker Corporation
South Bend, is increasing produc-
ton so per cent. A new foundry is
being built for the Sibley Machine
Company.
Increased production continues foI
the Auburn Automobile Company
with plants at Auburn and Corners
vile, and employment in both cities
is approximately 1850, against 1,085
on Nov. J..
Seventy-flve men will go to work
Monday as plant No. l of the Brazil
Clay Company resumes. operations
The force will be gradually in
creased to $50, company officials an
nounce, The plant had been idle
q year.
The Oriental Brick Company has
reopened its plant at Charlottesville
giving employment to fifty men.
Canning Factory Sold
The Mass Corporation, with can
ming plants at Sunman, Ind, and
Coshocton, N. Y, has purchased
the factory Of the Greencastle Can
ming Company and will operate it
during the coming season.
Art Marion, Ora Drischel, general
manager of the Indiana General
Service Company, announces it will
spend $4,000 for repairs and i'm
provenents. OF the sum, $50 600
viii be used in work at Marion.
A gain of II per cent in new bust
ness was made in February by the
Lincoln National Life Insurance
Company, TT. Wayne, over the same
month in 1880. Insurance of the
company in force March was
y ROOS1OOOsNOUs
City to Spend $355,OOO.
The city of TT. Wayne has award
ed contract for construction OF
filtered water reservoir at Three
Rivers park to cost. 1856, 900. The
BueSching- Hagerman Company, Fl
Wayne, has the contract.
Ulen g. Co., international f1nanc-
ing and construction firm, with
headquarters at Lebanon, announces
net income for the year ended Dec
81 was $1,04o,5 29, against 1897 42e
for the preceding year. The reg
ular quarterly dividend has been
declared, payable April Is. At the
end of 1880, uncompleted business
on the company's books totaled
$27,ooO,O0o.
Eaton Line, Inc, successor to
the Eaton Chair Company, an
nounces its factory will be in oper-
alton March %.