The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-08-06
BRIGHT SPOTS
REPORTED IN
U. 5. BUSINESS
Survey Shows Pickup Being
Made in Several Lines
of Industry.
SOME START 'REB0UND'
Autos, Shoes, Textiles Are
Among Those Indicating
Distinct Gains.
BY OTTO E. STURM
United Press Financial Writer


NEW YORK, Aug. 6.-More than
100 business enterprises reported
bright spots" in the business de-
preston this month, a quick check
by the United Press revealed today.
At the same time a recognized
business news service pointed out
that the extreme low point in the
depression had been passed in
certain lines of industry, and noted
distinct improvement in automobiles,
tires, shoes, sugar producing, flour
milling and textile trades.
These facts indicate a general
business upturn, if, as economists
say, any general recovery from a
depression is preceded by recovery
in small businesses and industries.
whose restored prosperity then
touches the larger industries.
Gains Are Reported
Despite the fact that the giant
steel corporations have not earned
enough this year to pay dividends.
and the railroads are asking for a
freight rate increase to maintain
their financial stability, enterprises
ranging from refrigerator manu-
featuring to knitting mills for bath
ing suits and five and ten stores are
reporting marked business increases,
the United Press survey revealed.
The Boston Chamber of Com
MERGE reported twenty new indus
tries added in metropolitan Boston
during June, making 104 since
Jan. l. large wooden mill near
Boston opened full time this week
for the first time in eighteen
months.
From Detroit it was reported the
National Steel Corporation has
completed its $36,5OO,00O building
and expansion program, while the
leading automobile manufacturers
are going ahead full blast on a
batch Of August orders after a
sharp increase in July output.
Toledo Shows Improvement
The Chamber of Commerce of
Toledo reported a survey of 200
Toledo industries showed increases
as a whole in production and indi--
cations are that most plants will
continue normal operations.
Columbus reported the Goshen
coal mine at Wainwright, O., had
resumed operations, employing 500
miners. Indianapolis advices said
the Lynch Corporation, makers of
glass blowing machines, put on
night forces at Anderson, Ind, on
account of heavy foreign and do
nestle demand; the Wasmuth-
Endicott cabinet works at Hunting
ton, Ind, with a years orders
ahead, has doubled it's force; and
the plant of the National Fire
proofing Co., at Mercy, Ind, is
running full force after years
shutdown.
The state of Illinois, according to
reports from Springfield, will sub
nit more than $10,000,O00 worth OF
road and bridge contracts for bids
within the next fifteen days.
From st. Paul came a report that
Brown & Bigelow, remembrance ad-
vertiserS, have announced mil
lion-dollar expansion program.
Boom in Portland, Ore.
Portland, Ore, reported Jantzen
knitting mills orders for July
showed the first monthly increase
over year ago, while the Columbia
Knitting mills have doubled the
number Of employees, working two
shifts.
The Empire Oil Food Company,
the same center reported, has been
forced to turn down $4,000 in
orders since July Is because Of IN
preparedness to meet an unexpect-
ed demand
Among other cheering bits gar
nered by the United Press survey
was dispatch from Buffalo, which
said the Du Pont interests are
building a large plant there for
expanding facilities for manufac-
turing cellophane.
An order for more than $1,000 900
in electrical equipment has been
placed with the General Electric
Company at Schenectady, N. Y, by
the Commonwealth Edison Com
pany Of Chicago and the Super
power Corporation of Illinois.
WOOlworth Sales Up
Sales Of the F. w. Woolworth
Company for July were reported at
S21 ,079,169, against SIC, 738, 355 in
July, 1880, an increase of I.6 per
cent, though the month this year
contained only three Saturday shop
ping days, as independence day fell
on Saturday.
Refrigerator companies contrib
uted some Of the hottest" items in
the good news budget, both cleo
trical and gas refrigerator sales re-
Gently showing gains over the cor
responding periods Of last year.
Returning from Europe, Hiram S.
Rivitz, president of the Industrial
Rayon Corporation, told the United
Press business Of his company was
very good in July and still better
this month.
On top of all this, leading public
utility companies continued to show
favorable earnings comparisons
with last year.