Is it proper to set body text (columns of body text) in a condensed serif type?
Because of the crispness of this face, perhaps it would be less appropriate (readable) at small sizes. But, for an annual report... one must pause. :-} Maybe you could use century book for the text at 11 or 12 pt. (too big???) and lead in paragraphs bigger in the book condensed. Only suggestions. I do like this face.
Century Book Condensed's darkish color and generous x-height make it good for small text, but its narrowness doesn't... I think it's better for titling, where horizontal savings matter a lot. So consider something wider (unless you happen to have narrow columns).
On the other hand, narrowness (which implies tallness) does convey a certain aura of class, which is probably good for your annual report.
So assuming you don't have too much text to put in there, maybe try a lighter weight of Century Condensed, at a somewhat large size.
hhp
My friend from Germany has told me of a great German book on typesetting and layout. But I do not read German.
If your friend is talking about Der Typographische Raster/The Typographic Grid by Hans Rudolph Bosshard, the text is in both German and English. I do not have this one yet, but it's on my list. It's available from Nijhof & Lee.
Try The Complete Manual of Typography by James Felici. I think everything's in there. Read the thread at Typographi.ca
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