Recession Questions Sharpened By Sterling F. Green
The AP reports the question of a looming recession sharpened as September industrial output fell to 107 percent of the 1957 average, with August revised down. Steel mill activity lacks its usual autumn pickup, suggesting possible October decline, while Blough of United States Steel predicts some improvement later in the year.
MENTIONED IN THIS ARTICLE
Sterling F. Green
Washington
Federal Reserve Board
Roger M. Blough
United States Steel Corp
Developer Buys Hotel Hollenden In Cleveland
Cleveland AP A real estate developer announced the purchase of the 75 year old Hollenden Hotel in downtown Cleveland. Peter D. Kleist heads a group of Clevelanders buying the 13 story hotel and cites a reported $3 million price. The site may be included in a $3 million urban renewal bond issue on the November 8 ballot. If included, the city could buy tear down and sell land to private interests for a new hotel. If not, the group plans a full modernization of the Hollenden.
MENTIONED IN THIS ARTICLE
Cleveland
Peter D. Kleist
Kleist
Hollenden
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