Word: rayon
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North American Rayon Corp., seventh largest U.S. rayon yarn maker, and its sister company American Bemberg Corp., have had a troubled history. In 1940 the U.S. Government, suspecting that their parent company, the Dutch Algemeene Kunstzijde Unie, N.V. ("AKU"), was partly German-controlled, froze the properties, but allowed the U.S. directors to run the companies...
...first postwar shipment of Japanese rayon arrived in the U.S. But it gave U.S. rayon men no competitive worries. The Japanese product was so poor that importers could sell little of the cloth to U.S. buyers. They were offering it for reexport at about 50? a yard, considerably under domestic prices...
...Nottinghamshire shawl-making firm using century-old handlooms had increased its export production by 150%. "We just decided to work longer hours to make more shawls," explained 76-year-old ex-Miner Johnny Lester. And thanks to the efforts of others like Johnny, national production of cotton and rayon yarns has risen higher (17,940,000 pounds in one week) than at any time since...
...make matters worse, everybody along the line was adding on his own estimate of what the traffic would bear, and the pressure was pushing up the retail price of rayon goods. Not until next year, when production will be increased another 155 million Ibs., is the shortage likely to ease...
...result was a "premium" in rayon. The "official" price had risen steadily: from 55? a Ib. for 150-denier viscose filament in August 1946, to 67? last week. But the premium market price was around twice that...