TIME CLOCK: Business, Oct. 19, 1953

CHEAPER titanium, the wonder metal used in jet engines, is on the way. Monsanto Chemical Co. and Massachusetts' National Research Corp. have developed a speedy new process which bypasses the intermediate step of converting ore into titanium "sponge," instead produces titanium crystals that can be melted directly into ingots. The government is about ready to let a long-term purchase contract, lend a good part of the estimated $60 million needed for a mass production plant.

CONRAD Hilton, who purchased Manhattan's famed Hotel Plaza in 1943 for $7,400,000, will sell it for $15 million to an East Coast group...

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