The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-10
CITY BUSINESS !
AND INDUSTRY
ON UPGRADE
Stores and Factories Show
Gains in Last Month
Over Year Ago. sb
Continued From Page One)

Continued From Page One)
number Of applicants, because of in
creased food prices.
The most recent bulletin OF thef
Indiana university bureau Of BUSH
ness research reported gain Of 81
per cent in Indiana employment in
April, with 81 per cent gain in In
dianapolis factory employment for
the month.
Average daily bank clearings for
May were far in excess of those for
the last few months, although
somewhat below those for May, 1882,
largely because of the effects of the
check tax, which became effective
last July.
Real Estate Gains
Improved activity in real estate
was reported by Lawrence G..
Holmes, indianapolis Real Estate
Board executive secretary.
In city property, the bulk of the
activity is in small homes costing
less than $500, he said, while there
is some activity in farm and subur-
ban properties. Practically the only
residential construction is in the
high price class. a.
Conditions of the realty market
is definitely better than it has beer
in the last few months and a year
ago." Holmes said. Prices have.
stopped going down and, in some
cases, there have been slight in
creaseS. Several investment buyers
are known to be quietly buying up
income property.
The last few weeks have brought
rather rapid closing out of re-
ownership and foreclosure property,
which should result in stabilizing
the market"
Factories on Upgrade
OF thirteen representative facto-
ries where inquiry as to business
conditions was made, only two re-
ported not having experienced any
definite change for the better.
E. G. Atkins Company reported a
definite improvement in production
and orders in the last three or four
weeks, conditions being better than
in the last few months and than a
year ago. A few employees have been
added and others now are work.
ing four or five days a week, in
stead of two or three days, accord
ing to, F. c. Gardner.
The American Foundry Company
is finding business better than it
has been in the last few months,
with an increase in the number of
orders and more men employed.
Business is better" was the word
from the Indianapolis Bleaching
Company. We've been going good
for the last few weeks-running full
time with a full crew. Conditions
are improved greatly over the last
few months and in comparison with
year ago" .
Ahead of Last Year
The Prest-O-Lite Storage Battery
Company is running about the same
as last month, but ahead of last year
on new equipment business and.
about the same on replacement
business, it was reported. The
plants pay roll last week was the
highest of the year. -
Officials said they were exper-
fencing slow upturn now, but did
not expect any phenomenal increase
until next month. Raw material
f0riCpc houo nov oo,,f -,
the last thirty days, they added.
An improvement in orders, en-
ployment of few more men, and
longer working hours, was the re-
port from the Link-Belt Company.
Stutz Motor Car Company officials
said they have received an increase
in orders in the last few weeks, but
have not yet started to fill them.
They said inquiries on both the PAX
Age car and the higher priced pas
senger cars are unusually numerous,
Prospects Called Good
Kingan & Co., in the midst of the
busy season reported sales showing
but little improvement, but the BUSH
ness on more satisfactory basis.
Prospects for business next fall are
good, officials of the Kahn Tailoring
Company said. In dol;>Ns and cents,
the plant is running even with last
year, but considering the lower
prices now, this means increased
volume, it was added. Employees Of
the plant are working more hours
at present than at the same time
year ago.
Working force at the United
States Rubber Company plant has
been increased 35 or 30 per cent,
nearly 400 men, in the last fewl
months due to increased orders, andi
is working day and night to catch upt
with orders.
improvement in orders at the
Diamond Chain plant has resulted
in calling back few former en-,
ployes.
National Malleable and Steel
Castings Company is going through
a seasonal rush, but the season is
holding on little longer than usu--.
al and production is possibly 10 per
cent more than the normal increase,
it was reported.