Word: rayon
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...Cinemactor Eugene Pallette with spectacles, joined the Navy (at 37) in World War I, was soon working under Assistant Secretary Franklin Delano Roosevelt as boss of steel-buying for the Navy. After the war Commander Fuller went from steel to cotton, silk substitutes, today is president of North American Rayon Corp. and American Bemberg Corp. (synthetic yarns and fabrics...
...week there was new evidence that Dr. McClure had not been far off base. An investigator of the Duncan, B. C. Chamber of Commerce declared ships were putting out for Japan regularly, carrying pulp logs, which can be made into nitrocellulose (basis of explosives) just as easily as into rayon...
...very bottom of the barrel lies their least liquid sediment: some $850,000,000 (book value) of "investments in controlled enterprises," the unlisted securities of privately owned corporations. Such companies include giants like rayon-making American Viscose, British-American Tobacco's Brown & Williamson Tobacco Corp. (Kool, Raleigh). They also include many smaller fry: British Ropes, Ltd., J. & J. Cash, Inc. (woven names), Crosse & Blackwell (jam, etc.), Jaeger Co. (knit goods), Oxford University Press, Yardley & Co. (cosmetics), many another. Not listed on U. S. exchanges, stock in such companies is "unseasoned," would probably find an uncertain market...
Other non-munitions exporters to Japan are lumber and pulp men on the Pacific coast. Their Japanese pulp market, especially rayon pulp, normally accounts for a healthy margin of their business. But lumber and pulp men were not losing much sleep last week. Already oversold, they figured on remaining oversold as long as Scandinavian exports are cut off. Also unruffled were coppermen. Their exports to Japan last year were $27,567,000, 15% of output; but the copper market is even tighter than the lumber market, doling out new supplies to defense-favored customers only. Another key Japanese supplier...
...last year) in the U. S., last week wondered about Japan's $658,000 market in the rest of this hemisphere, wondered if they might have to expand to supply it. Last week U. S. clothing manufacturers, fearful that the good-neighbor policy might divert rayon, woolen & cotton textiles to Latin America, began to clamor for speedier delivery from the overworked mills...