Indianapolis Times, Volume 35, Number 197, Indianapolis, Marion County, 31 December 1923 — Page 22
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IRON AND STEEL DEMAND BIGGER THAN EVER BEFORE Peak Reached in 1917 Is Passed, Indicating Good General Business, ? ” T'*in Special IyTJ ASHINGTON, Dec. 31—DeMu' mand for Iron and steel this year has been the greatest ever known. Production, repo, ted officially by the United States Department of Commerce for the first nine months of 1923 was as follows: Steel Ingots, 3,746,000 long tons monthly. Pig iron, 3,432,000 long tons monthly. These date rep -esent average month ly output and were compiled after painstaking study by experts of the Commerce Department. Both represent record production. Peak Was in 1917 Previous to the current year, pro duction of steel castings reached a peak in 1917 when, output averaged 3,634.933 long tons a month. Tig Iron production reached a peak In 1916, when .output averaged 3,253,280 tons a month. Both of these records have been broken this year, that of pig iron by 6 per cent and that of steel Ingots by 3 per cent. The iron and steel industry is gen er Jly regarded as a barometer of all oti er lines of manufacturing enterpr. se. '.Tie iron and steel industry- now Is on a plane, as regards production, which is far above that of the prewar period. In 1913, production of pig iron averaged about 2,500,000 tons monthly or nearly one-third less than at present. Output of steel ingots was about the same. Facilities Extended Then came the opening of the World War and a sudden foreign demand for products manufactured from iron and steel. The industry expanded its manufacturing facilities and its finances. The United States got into the war and further expansion occurred. The depression followed. Plants closed down. A member of the cabinet predicted that the demand for steel would increase to a point far beyond that of th® war period. This was during de- ' pression. Steel men laughed. They said this Government official was a visionary despite the fact that his home was in one of the nation's biggest steel centers. The prediction made by this member of the cabinet is now being proved troe. -From the standpoint of pro- ' duction. 1323 has been the steel industry's biggest year.
CHICAGO ‘BOY WIZARD’ IN FINANCIAL CRASH R, Beak Declares His Company. However, Is Solvent. By United Prtst CHICAGO, Dec. 31.—Investigators working under State’s Attorney Crowe today questioned a score of witnesses in connection with the financial crash of Kurt H. Beak, “boy wizard of Lasail© St.” Beak, admitting his personal finances are "on the rocks," told authorities his company ia solvent. More than a score of investors testified they "loet” $1,000,000. Beak was bead of the Kurt R. Beak Company, real estate dealers. He earned the name of "boy wizard” because of recent spectacular deals in Chicago's financial district. ' .’’ * —C LAD KILLS SELF WHILE PLYING WITH OLD GUN By Tim-.ls .-'perial FRANItLIN, Ind., Dec. 31.—Richard Christian, 10, son of Mr. and Mrs. PaSxil D. Christian, accidentally killed himself while playing with an old-fashioned muzzle loading shotgun, at his home near here. He had gone to the basement to fire the furnace and found his greatgrandfather's gun which had not been Used for years. He obtained powder and in some manner the gun was discharged. The victim was the grandson of the late Judge Christian, for many years a prominent Hamilton Coin ty jurist. PERSIANS EVACUATE HOMES AS SEINE RISES By United Preei PARIS, Dec. 31.—Hundreds of persons exacuated * their homes during the night as rising waters of the river Seine Inundated new districts of Paris, Naaterry, St. Dennis and Issy. The river has risen twenty feet and the situation is critical. Workmen are throwing up parapets along the quays while eighty sailers with specially constructed pomps have arrived from Havre. Students Learn of Leprosy The horrors of leprosy and the possibifities of its cure were shown In a moving piotlire. “The Eternally Accursed.” at the student volunteer exhibition at Tomlinson’s Hail, Sunday. The American Mission to Lepers, exhibited the picture.
PPPm To Our Many lillgiil jh Friends and Patrons We want to express a sincere appreciation for the privllego of serving you during the past year. It Is our most sincere wish that our pleasant business relations may continue. May the New Year bring you every blessing and may good health and prosperity be your portion. Harry G. Sargent Paint Go. 502 Mm*. Ave. Jgg, MA in 0449. Ipdianapolls.
Pilots Johnson’s Presidential Campaign
Baal Behold Frank Hitchcock, former postmaster general, who is managing Senator Hiram Johnson’s presidential campaign. He’s sure his protege will be elected.
EXTRA DIVIDEND OF 20 PER CENT Indianapolis Life Insurance Cos, Points to Record, By the average person life insurance has come to be looked upon as a necessary protection. The Indianapolis Life Insurance Cos., strictly a local institution, reports a remarkable gain in 1923. From its inception the company has paid dividends, furnished its members life insurance at low net cost, and this year Is able to pay a 20 per cent dividend In addition to the regular dividend. In 1905 the company started with assets of $325,000, and it will begin 1924 with $41,000,000. The company now occupies its new home, formerly the homestead of ex-Vice President Fairbanks, at Meridian and Thirtieth Sts. The company is a mutual concern.
LAWSGIVEWOMEN MANY NEW RIGHTS National Party Continues Equality Work, By ALICE PAUL. Pice President of the National Women’s Party. (Copvrinht. 192.1, by United Xescs) WASHINGTON, Dec. 31.—There is more to be gained for women during the coming year than ever before. The National Women’s Party points with pride at what has been accomplished since the campaign for equal rights was inaugurated two years ago. and in particular the progress which has been made during the past year. Over 23,000.000 women in fifteen States were affected by equal rights legislation which was passed last year. In many cases the laws were drafted by women lawyers and introduced by women legislators. In Delaware, Maryland and Louisiana women were given the right to hold all public office. In Maine women were given the right to jury service. In Mississippi mothers were given equal rights with fathers to the care and custody of their children and to the services and earnings of their children. Pennsylvania married women were given the right to' choose their own domiciles for the purpose of voting or holding office. In Wisconsin women were given all rights under the law possessed by men, and it is such a national law that we hope to see it passed this coming session of Congress. meet7ng~date changed The meeting of the Republican State committee to consider its attitude toward the demand of Clyde A. Walb, State chairman, that Governor McCray resign will be held at the Severin tomorrow night. The meeting originally was scheduled for Wednesday. The meeting time was changed to permit members of the committee to keep business appointments.
Sanitary Washed Wiping Cloths for Machinery, Automobiles, Furniture Quality Wipers at a Moderate Price J. E. BUDD 501 S. Capitol Ave. Cl rcle 8282
VEHICLE LICENSES SHOW BIG GAINS DURING OLD YEAR Half-Million Mark Is Passed in Registration of Pleasure Cars, By It. WEBB SPARKS Claus left an automomibe at l__J your home on Christmas day, the number of licensed motor vehicles in the State increased more than 100,000 during the year just closing. According to an estimate by H. D. 1
Eight Good Places to Trade 816 | tforth Alabama Street
We Wish You a Happy and Prosperous Neu' Year r HAAG’S CUT PRICE DRUGS ~J" We Thank Our Hundreds of Thousands of Customers for Their Friendship Haag’s Cut Price Drug Stores are always filled with eagerly buying people. Haag’s prices are always the lowest that quality mere! andise can he sold Honest merchandising and truthful advertising—There you have the basic principles upon which this business has been built. Jj 1881 1924 I YOUR DRUGGISTS FOR 43 YEARS tf| Haag’s large volume of business and their low overhead expense, enable them to serve you at the very lowest cost to you. You Can Buy the Best for Less at HAAG’S V 114 N. Penn. St. V W A jg, f ***% S| 53 S. Illinois St II 55 Virginia Ave. ■“■J 27 S. 11l nois St. SM 802 Mass. Ave. 4 103 Wash. St. 816 N. Ala. St.‘ CUT PRICE DRUGS 156 N. Illinois St.
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The Indianapolis Times
McClelland, manager of the State automobile licensing department, approximately 505,000 pleasure vehicles were licensed during the year and about 75,000 trucks, totaling 580,000, compared with a total of 471,304 In 1922. Marion County, the motor vehicle registration of which is formed dargely by cars owned within the city of Indianapolis, will show, McClelland says, about 64,000 pleasure cars and 9,200 trucks, compared with 47,266 pleasure cars and 9,332 trucks. Truck figures for the county, if present estimates of McClelland are accurate, would show Ia decline for the year. All data concerning the number of licenses issued has not reached the Statehouse, as branch Jlcensing bureaus throughout the State have not made complete reports. McClelland’s figures are bare estimates, based on present figures. Licensing of cars for 1923 stopped on Dec. 11, after which the 1924 plates of orange and blank were Issued. A review of the license figures since
the enactment of the licensing law in 1913 reveals the following Interesting facts concerning Hoosierdom’s response to the use of the motor vehicle; In 1913 a total of 44,736 care were in operation in the State. By 1914 this number was increased to 66,410, a gain of 21,672, or 46 per cent. In 1915 the total leaped to 96,615, a gain of 30,206, or 45 per cent. The year 1916 found 139,117 vehicles in use, a gain of 42,502, or 43 per cent, while in 1917 a total of 192,195 vehicles were registered, the gain for the year being 53,078, or 38 per cent. The total crossed the 200,000 mark in 1918 by going to 227,160, a gain of 34,965, but the percentage of gain dropped to 17 per cent, the lowest figure until 1922. In 1919 the total chrept up to 277,255, a total gain in number of vehicles of 60,095, or 22 per cent. By 1920 the figure had crossed the 300,000 mark at the 332,707, a total of 55,462, or 20 per cent more vehicles than in the preceding year. The total licensing in 1921 barely touched the 400,000 mark at 400,345, a gain of
67,638, or 23 per cent. While in 1922 the total rose to 471,304, a gain of 17 per cent, or 70,959 vehicles. BRITISH FUTURE IS DARK By United Press NEW YORK, Dec. 31.—As the year closes the situation in Britain with her continued drag of unemployment Is cloudy. Labor is straining for the helm of the empire and the Conservative party shows a drifting spirit with the Liberal section a bit uncertain. It would not exaggerate the feeling of financial London over the results of the general election in the fall to describe it as one of dismay. The outlook was considered extremely uncertain. Loss of confldenc was noticeable in business circles and the effect on future business was declared uncertain. Orphan Boys Missing Police are searching for three small boys who ran away from the In- | dianapolis Orphans’ Home, 4107 E. I Washington St. The boys slipped out ) after they had retired to their rooms.
PDLICE MAKE MANY WEEK-END RAIDS Alleged Tiger Operators and Gamblers Held, Alleged blind tiger operators an l gamblers kept the police slate fllle 1 over the week-end. Seventy-seven me i and two women were on the record. Augusta Thomas, 40. colored, 970 W. Twenty-Fifth St., is charged wit i keeping a gaming house and eleven colored men were charged with visl .- ing a gaming house by Policemen Hobson and Jones. James Atwood, 75, of 136 N. Alabama St., also Is charged with keeping a gaming house and gaming whi e
MONDAY, DEO. 31,1
six men found at that addre My f L.n 'hniges >.f visiting and A raid on the home of ■*§>< llama, 35, Emerson and Aves., resulted In his arresiflHcg of seven others. fu2s|Ei Nine persons were operating blind tigers. ||&9jg3 William Parson. 42. of St , is charged w.th opera:■p&'fS \ cie while intoxicated, Finch, 25. of 1306 Hiatt and "<-r on to op.-rutir^M^sSpß di nnk. Tw.-nt> \on mon <• gbteen^B charges. Bar Mooting Co’.:-;;.! Wolf. I\ • ■ of th* ißdianapttgffifc s ■< Wednesday Chamber of Commerce. 1924 will be installed. Each stem of the wild from 10,000 to 60,000 seeds.