Time Clock, Nov. 24, 1958

CONSTRUCTION BOOM will lift building outlays 7% to an all-time record $52.3 billion next year, say Commerce and Labor departments. Increases in highways (to $6 billion) and housing (to 1,200,000 units) will account for 80% of the gain.

TOLL-ROAD TROUBLES are easing a bit, giving holders of $4.7 billion worth of bonds somewhat happier view of their investment. End of recession plus opening of important new access roads has boosted traffic to cover eight big turnpikes' current interest cost.

DESILU STOCK, up to now privately owned, mainly by Desi Arnaz and Lucille Ball, will be offered to public at about $10 per share...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!