NEW SKYSCRAPER SET FOR PARK AVE.; 41-Story Office on Site of the Marguery Is Planned by Union Carbide The Marguery to Make Way for Union Carbide and Carbon's Offices NEW SKYSCRAPER SET FOR PARK AVE.
Drops plans to move central hdqrs from NYC to Westchester County; plans 41-story, $40-million office bldg on site of former Marguery Hotel, 270 Park Av; contracts to buy NY Central RR option on bldg and leasehold from Webb & Knapp, owners; NY Central owns site; new bldg will permit consol of all NYC office staffs; Hotel illus; history; deal is 6th involving it in 10 yrs; sketch of new bldg
