Indianapolis Times, Volume 39, Number 177, Indianapolis, Marion County, 2 December 1927 — Page 16

PAGE 16

FOREIGN TRADE BOOMS INDIANA, EXPERTS VIEW State Helped by Europe's Recovery, Dr. Klein Tells Chamber. Rapid recovery or Europe, America’s best customer, is giving impetus to industrial activity in Indianapolis and all sections of Indiana, Dr. Julius Klein, director of the Bureau of Foreign and Domestc Commerce, Department of Commerce, Washington, told the Indianapolis Chamber of Commerce at a luncheon today. “Every mill and factory in the United States has an interest in Europe’s ‘comeback,’ not only because she is the largest buyer of our goods, but because she is also, by all odds, our most formidable competitor,” said Dr. Klein. State in Envied Place “The manufactures of Indana in 1925 were valued at $2,125,000,000. The State of Indiana, and incidentally Indianapolis, in the maintenance of her foreign trade and in its expansion, will be evident when you consider the commodities and volume involved. According to lattest census figures, the principal industries of the State and city are iron and steel and foundry and machine shop products; motor vehicles, and meat packing in all its phases. “The entire country in 1925 produced just under $11,500,000,000 worth of these commodities, and exported some $903,000,000, or little less than 8 per cent. The share of Indiana in the production of these commodities was $650,000,000, of which $35,000,000 or some 5 per cent, were shipped abroad. “There is room for advance in exporting the full share of your establishments. But even with the foreign trade you have, just consider what any substantial variation in this trade would mean to the wages of the 281,000 industrial workers of the State, (with annual earnings of $365,000,000) nearly 42,000 of whom are in Indanapolis (earning every year $51,000,000), to the retailers who serve the needs of all these workers; and finally, to the dividend checks of those who have invested in the 4,772 industrial establishments in the State, of which 756 are in Indianapolis.

Traces Indiana’s Growth “The prominent position of your State in industry and commerce is in striking contrast with the situation when the military pest at Vincennes was founded by the Jesuit Fathers in 1731, and with that when Indiana was admitted to the Union in 1861. After a system of railroads and canals began to be developed in 1850, the mineral, agricultural and industrial possibilities of the State were realized and the location of the capital city, near the great com belt, made it develop into an important distributing point for com, while flour mills and pork packing industry developed apace. “Indianapolis, located as she is in the practical center of both the corn and wheat belts of America, has become the second largest corn market in the United States, and also an important wheat center. Indianapolis is located advantageously in the heart of the richest buying market outside of New York. Your 400,000 population has for its security the surrounding farm land, where great agricultural wealth abounds, with 60,000,000 prospective buyers who can be reached over night. City Produces Much “Even so, foreign trade is becoming increasingly important to you, hence the usefulness of studying the effect which Europe’s economic recovery will have on this trade. * “Asa producing center for indusproducts generally, Indianapolis is products generally, Indianapolis in interested in the recovery of Europe’s buying power for those commodities. This buying power is of the utmost importance, both in terms of improving the market we have in the Qld World, which absorbed $38,000,000 worth of American machinery last year, and also because of the industrialization of many new lands across the Pacific and below the Euqator, which are reaching to improved European demands for their raw materials and are now in, a position to strengthen their industrial development.” Dr. Klein stated that international business, which following 1920 led practically a nomadic life because of the many short term trade treaties in Europe, is gradually attaining assurance of something more than "one-night stands” through longer trade treaties. This, he said, is bolstering economic conditions in Europe. F. B. JOHNSON IMPROVES Attorney, School Board Member, Undergoes Operation. Attorney Fred Bates Johnson, school board member, who underwent an operation for appendicitis, Wednesday at the Methodist Hospital, was reported much improved today.

DON'T LET A COLD DRAG ON Failure to keep your system in tfOndition to throw off slight colds and coughs may lead to serious troubles. Todd’s Wine Tonic, made from Finest California Wine, fortifies your system against •olds and other winter ailments. IbDDSWiHnbNtC Is most pleasant to take. It contains no habit-forming or harmful drugs. If you have a cough or feel tired and run-down, heed Nature’s warning and get a bottle of Todd’s Win* Tonic today without fail. For aaia at Haag’s Drug Stores and other good drug stores throughout this section.—Advertisement,

Gigantic Purchase and Sale of 3*Pc. Living Room Suites

USE YOUR CREDIT-PAY Upholstered in Genuine Two-Tone ONLY *2.00 A WEEK l Jacquared Velour 3 BmtiM filed fnetd for ffie 1 f-;fdr or

Use Your Credit!—Give Useful Gifts for the Home!

CABINETSMOKERS i OCCASIONAL CHAIRS | Better Gr.de | | 1 Spinet DESKS I D fr a d ,ed JA \ m I Priscilla Sewing S 3 End Tables l .jesga.-, g c , J fiH \ I ntted | < | g jjj <gj| wj EAST g j 1 OC i 2 HL | Anew design of especial beau- 1 t>4 Og J 8 TERMS’. g 1 bast B M is .OD .Will Make an n . V tv and con- S " , J SI * terms I S w Y* h Pictured ggf S Choice of several high lacquer g l)r , _ * jr -'" iwWMW-MAPMI | ggL xmaaoin g X, S’ AA 1 £.*£££ 590-75 | east TERMS J&p Doll Carnages | M ngtons | 16-PieceSet f /J\ 1 ~*st teems | Foot STOOLS 1 I Suverplate I I Pair nf Pillnwg |WMapawnw^wiwß| | i | j I m S [ u | ering, Spring see 1 Dark brownmahogany finish. jf While They 7Uf | price. While they QQr f Made of new sanitary feathers, g Every home make excellent (A 95 | No C. O. D. or Mall Orders | gtrongart tidk- QC/ | ™ e ’ Woodtone and j 1 Walk-About I ST*!!!" *9= 1 I Flbw j l,,ahr^” irror ‘' I < j^ £3 J I SatUr^ ay Ii K I With Aeh Tray With Olasa Aah Hay and W Made ol genuine Tennessee j (tak h frame . a,, a t- | rubber tires; $ Qx 3 kM igS s f! ; 1 r ° n n ß o^ n<1 1 ®i“F andy ’ beveled t0 P* <r. Glass Jar for cigars or cigar- vh red cedar, 3 tractive de- S Similar to pic- . _ all attach- must not bocoS: H QO ettes- U ft M° y M A sign, useful In QO ture with up- $0 08 ments, com- A |"" ' § fused with the *r I ••'O moth-preof. Jp I9|Ju § any home. *r holstered seat. *r plete V | SaT^.!S , .-.:.i9e| sar--. 1= AN ' n xSiS, 111= I Many olhere.. %J= jf Sale price- %J

I Choice of j, - _ _ | P tSd“ 5 \ Up

Latest Design Console Model PHONOGRAPHS

Terms! |

COME DIRECT TO WHITES

j Velocipedes

Plays all mak e sos . records. Full V \f y > tone. Beau- and V tiful dark Y m ahogany rj or walnut SA 1,0 finish. ' \ | V>V Records

► COME DIRECT TO VVIHTFS

THE INDIANAPOLIS TIMES

Another Special Purchase Enables Us to Offer The Better Grade Floor and Bridge r v _ _

** 0 9

/SN rPlhitp,/^\ (-as™) vyiii ic? („**, j I \S™j furniture COl v-™J/ i j

LAMPS —at the Astound - A am ing Low Price of |jk B New Bridge Lamps—New mmmmmm Junior Floor Lamps— ■ Shades and Base Complete. It will be a real pleasure to select a lamp that suits your taste and purse. The very newest base styles are shown. Take advantage of this savIng tomorrow—H av e them layed away for Xmas. , Pay Only SOc a Week!

WHITES* EASY CREDIT TERMS A

“Peda-Bikes” uCA cq plctnrd;y uv

“Fada” and “Steinite” Radios NO LIQUID—NO ACID—NO WATER—NO BAT- jam TERIES TO FOOL WITH // \ i..,

> WHITES EASY CREDIT TERMS]

NO WATER—NO BAT- m OOL WITH Hill j,,, SoW on

|

‘Steinite 1 Radio See—hear—and buy the Steinite the electric radio that has been giving nation - wide satisfaction for two years! Two Illuminated dials; use the built-in aerial or an outside etAA antenna yIUU

Automobiles

All makes and col- sys .95 ors, strong and *l= sturdy up

“Fada” Radio A shielded set—three stages of radio frequency, two tuned stages, and one which in addition to being a radio frequency stage acts as an amplification equaliser, so the receiver Is equally sensitive at all wave lengths; detector and two stages of audio fre- CQC ftA quency pJJ.UU

.DEC. 2, 1927