Time Clock, Jun. 1, 1953

MANHATTAN Realtor William Zeckendorf, who sold the site for the U.N., plans to buy two of New York's most famous skyscrapers: the 77-story Chrysler Building, second tallest building in the world; and the 33-story Graybar Building, which houses many of Manhattan's big Madison Avenue ad agencies. Price: $70 million (v. the original construction cost of some $60 million). Major part of the financing will probably come in a $40 million mortgage from Equitable Life.

STEEL output figures for May may top the alltime monthly record of 10 million tons set in March. Demand is...

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