INDUSTRY: Middleweight Champ

In the Nevada desert, during World War II, the U.S. spent $140 million to build the world's biggest magnesium plant. Around it, the Government built a brand-new town, called Henderson. At war's end, the plant shut down; its vast shops were used as warehouses. But last week the U.S. was putting the big plant back to work again to uncork one of the tightest bottlenecks in jet aircraft production. Pittsburgh's Allegheny Ludlum Steel Corp. and Manhattan's National Lead Co. announced that their jointly owned Titanium Metals Corp., with a fiveyear, $14,163,000 tax...

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