Word: rayonism
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Dates: during 1940-1949
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...maker of nylon, issued a somewhat huffy communique. Strong acids "degrade" (weaken) nylon yarn, and soot particles sometimes contain enough sulphuric acid to do the deed. But it does not happen often. Except to a few uncommon chemicals, DuPont insisted, nylon is at least as resistant as silk, rayon or cotton...
...various trusts permitted Textron to take out assets, replace them with others of less value. Example: Rayon Foundation Trust let Textron take $200,000 worth of stock, paying 10% dividends, replace it with stock paying 5% or less. The trustees also sold stock to friends and associates, at less than the trust had paid for them...
...leveling-off process, noted across the land, showed signs last week of also slowing down new wage raises. In the year's first major test of fourth-round demands, the C.I.O. Textile Workers Union lost its fight for a 10? increase in the New England cotton and rayon industry...
There were few finer catches in the Government's Alien Property net than North American Rayon and American Bemberg Corps. Between them, the onetime partly German-controlled companies made about 8% of all U.S.-made rayon yarn. But North American and Bemberg also proved to be a spiny, troublesome haul. The Dutch Algemeene Kunstziide Unie, N.V. (AKU) complained that the companies really belonged to it. Later the board of directors, representing the minority stockholders, began to complain (TIME, March 8). They wanted the Office of Alien Property to give up its control of the companies...
Among the minority stockholders that will share the companies' future profits (profits last year: $5.7 million) is AKU, which still holds a minority interest. There were strings tied to Beaunit's deal: it may not turn the two companies' rayon yarn into any products made by Beaunit (last year Beaunit made a net profit of 14.4% on $41 million in sales). Also to protect present customers of North American and Bemberg, OAP insisted that the companies continue to supply the customers with yarn for the next five years...