Word: rayon
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This is not the first time that silk has seriously troubled Japan. Between 1930 and 1934 U.S. depression and the world onset of rayon (which had most of silk's qualities except elasticity) forced raw-silk prices down from $7 to $1.30 a pound. Japan found partial solutions to the problem. She went off gold, restricted silk production and greatly increased her small domestic silk consumption. She built up her own rayon industry until it approached her silk business, became the world's No. 1 rayon producer...
...from this fund may come a final settlement of U.S. claims for land expropriated by Mexico since 1868. Of the $9,000,000 total of these claims, about $6,000,000 remains unpaid. Mexico plans to use the residue of the stabilization-fund advance for loans to industries (steel, rayon, tin plate) and for agricultural machinery...
...Honolulu went mica tape, samples of rayon, gold-plated watch bands, wedding-announcement cards, a tube of radioactive phosphorus, brake cable, auto gears...
...since there are no seasonal ups & downs when an industry works at wartime capacity, seasonal variations have been discontinued in the figures on 26 industries (machinery, locomotives, rayon...
...been unable to buy any metal since Aug. 1, had laid off 800 of its 5,219 Meadville workers, had only enough inventories to keep going until next month. But Meadville has led a charmed life. Thanks to Talon's spectacular growth and a new American Viscose Corp. rayon plant, it scarcely felt the de pression of the '305. None of its three banks failed; its population rose; newspapers as far away as Manhattan publicized it as a "depression-proof city" whose "streets were paved with gold...