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...City suburb, increased its population 140% between 1940 and 1954. Today the shopping center estimates: 1) a potential market of 1,300,000 (1,600,000 by 1960) inside a ten-mile radius; 2) 37,000 customers for its stores on ordinary shopping days, 57,000 on pre-Christmas peak days; 3) $80 million in gross retail sales its first operating year...
...biggest peacetime exodus from the U.S. to Europe was reaching its peak last week, there came some dollar-saving advice for the 1,250,000 tourists who will spend $2 billion abroad this year. Nicholas Deak, who heads Manhattan's Deak & Co. and Perera Co. foreign-exchange companies, said that travelers could save millions by buying their foreign currency on the U.S. free market before they leave. As it is, most travelers buy their lire, pesetas and francs abroad, where currency is often pegged at unrealistically high official rates. Travelers can beat the official rate by trading...
Steel production reached 63 million tons in the first half, 3,000,000 tons over the 1955 record. Second-half production will be down, but, barring a prolonged strike (see NATIONAL AFFAIRS), should still total 54 million tons, making 117 million tons, the same as last year's peak. Construction, spurred by the great expansion in commercial building, was going along at a $44.5 billion-per-year clip, ahead of the 1955 record by $1.5 billion despite the lag in housing starts. New plant and equipment investment was running 22% in front of 1955. The electronics industry was heading...
...contractors group anticipated that at its 1960 peak the 41,000-mile superhighway program will employ no fewer than 900,000, half of them building, half of them producing the materials and services needed. It also predicted that by 1960 road construction will reach $8 to $9 billion a year (1956 level: about $5.1 billion). Projecting estimates of the American Road Builders' Association, an $8 billion year will call for the following amounts of basic materials for roadbuilding...
...nearly six months, peak-nosed Airman William P. (for Powell) Lear, 54, a restless, uninhibited manufacturer-inventor (Lear, Inc.), has been flying his Cessna 310 plane around Europe on a businessman's crusade. He wanted to show Europeans how simple and safe it was to fly their own planes, especially with the Lear automatic pilot, the Lear automatic direction finder and the Lear omnirange navigational system. Fortnight ago, in Hamburg, Bill Lear got an even better idea. Why not be the first postwar private flyer to go to Moscow and show off U.S. equipment...