Business: Topless Towers

Two famed Manhattan theatres—Daly's and the Century—were last week included in a parcel of real estate bought by Building Brothers Irwin S. and Henry I. Chanin. The entire block bounded by Broadway, Central Park West, 62nd street and 63rd street, sold for $12,000,000, will be the site of a 65-story office building. The Century was dedicated in 1909 as a great national theatre where Art was to prevail over Commerce. But Art lost so much money that Commerce finally took over the theatre, where Morris Gest produced Aphrodite and The Miracle. No details...