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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 18, 1959
Page
7
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New York plans the Grand Central City, a 55 story commercial office tower north of Grand Central Terminal. It would offer 2,400,000 square feet, topping the RCA Building, with an estimated cost around 100 million dollars. About a quarter of space is already leased.
SOMERSET Pa Henry Baker Reiley editor and publisher of the Somerset Daily American, which he founded 30 years ago, remains active at 84 reporting daily from his office. He works a 64 hour week now, down from about 60 hours, and recalls receiving a small printing press for his eighth Christmas that started his love for the business. He says, I never work, it’s too enjoyable to be called work.
New York VP says backlogs are growing as steel sales offices work overtime to pace demand. Iron Age notes 500000 tons of backlog in 30 days, with mills strained to meet orders. First quarter output seen at 78 to 82 percent capacity, second quarter at 85 to 90 percent, possibly near 100 percent in late period.
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