Savoy Plaza to be razed for GM office building
The Savoy Plaza Hotel on Fifth Avenue will be torn down to make way for a 40 story office building. General Motors Corp will be the main tenant and London Merchant Securities Ltd. will erect the structure after the World's Fair ends in the fall of next year. A GM spokesman confirmed a written preliminary agreement between the parties.
MENTIONED IN THIS ARTICLE
Dennis Duggan
New York
HTNS
Savoy Plaza
Fifth Ave
General Motors Corp
Europe
London Merchant Securities, Ltd
General Motors
Savoy Plaza sale could reshape New York office space
An official for Savoy Fifth Ave Corp says negotiations with a British owner may lead to GM leasing a 25 story building at 1775 Broadway while the Savoy Plaza and related properties weigh occupancy after the fair. The British group aims to build an office tower around the Madison cooperative if acquisition falters.
Language skills drive U S business abroad says Berlitz head
Robert Strumpen Carr ie Berlitz Schools of America president says executives study languages to aid foreign campaigns as U S trade expands. Harold Freitas recalls a $310 robbery at his Oak Bottle Shop. English dominates Berlitz demand in Europe while Spanish leads in U S classes. Instructors are native speakers of the target language.
MENTIONED IN THIS ARTICLE
Los Gatos
Calif
UPI
Harold J. Freitas
strurpen-Darrie
Chewig
Freitas
Strumpen-Carrie
Berlitz Schools of Law
Puages of America, Inc
United States
Berlitz
Strumpen - Currie
Europe
Successful investing Prefered dividends fixed incomes
A reader asks where to seek higher income with safety from preferred stock. The advisor explains preferreds are fixed income and typically do not raise dividends, recommending retention of the 14.56 percent issue at 99 and noting other investments offer limited better secure income.
MENTIONED IN THIS ARTICLE
Texas Bover & Light Preferred
Nearby Produce Prices At The Terminal Market
Ohio area market listings show US No 12 apples and multiple vegetables with varied weights and pack sizes. Notable items include Wealthys and Wilson Red apples, cauliflowers, cabbages, cantaloupes, carrots, celery, lettuce, onions, peaches, pears, peppers, plums, potatoes, radishes, spinach, squash, tomatoes, and watermelons with price ranges and container details. Also notes poultry and egg prices for Major Ohio cities.
MENTIONED IN THIS ARTICLE
Calif Wonder
Damson
Ohio
Stocks drift higher at open with mixed results across names
Stocks opened with modest gains though many issues edged up or down. Prominent moves include Reyn olds Tobacco and American Tobacco rising, Canadian Pacific up 74 to 4c, and IBM and RCA fluctuating as steel market notes describe a cautious mood amid expected seasonal softness.
MENTIONED IN THIS ARTICLE
My New York
UPI
Stocka- Republic Steel
ACF Industries
Air Reynolds
Reynolds Tobacco
Ts Air Reduction
Richfield
Alleghany L Steal
Schering
Allegheny Power
Sears Rosbuck
Allied Chemical
Sinclair
Allie Chelmers
Socony Mobil
Alcon
So Railway Agn Alaide
So Railway Agn Alaide VY Sperry Rand
American Airlines
American Canale
American Motors
American Optical
Studebaker i
American T & T
Swift
American Telescoe
Anaconda
Texaco
Armon
Thompson
Armour
Atchison
United Airc
United Air L
Va Bald DL
United Fruit and Me
Baltimore
Ohio
United States Rubber
Bendix
United Statea
Amelt Bethisnam Steel
United States Steel
Boeing
Werner Bro Pic
Canada
Candian Pacific
Wvsap& P
Western Union
White Motor
Columbis
Dupont
Pierre R. Smith
Eastern Air Lines
Foundry
Eastman Kodek
Ashland
Firestone
Baltimore & Ohio
Ford Motor
Ben
General Dynamics
General Electric
Elect Dum
General
Ing Ranalina
Kresge
Harvester
Kennecott
Ya Praudler Permutit
Koppera
Richman Bros Git Tech Pt Cc
Scott Pape
G. D Co
Lorillard Ablat Iy
Texas Gulf
New York
Revion
Celanese
American Tobacco
Borden
Pan American World Airways
Douglas Aircraft
Sears Roebuck
Canadian Pacific
Steelmaking resumes at Massillon plant
Massillon Ohio Repub li Steel Corporation announced plans to resume basic steelmaking at the eel plant. The blast furnace and open hearth shop have been shut since July 1960.
MENTIONED IN THIS ARTICLE
Massillon
Ohio
Republi Steel Corporation
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New York City
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Broadway
57Th St
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West 57Th
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Lucius M. Boomer
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jWaue
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