Word: rayons
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...biggest U.S. textile firm, is flexing its muscles again. Having spent $33 million last year buying up competing Pacific Mills and Goodall-Sanford (TIME, July 26), Burlington has now wrapped up a deal to take over North Carolina's $12 million Mooresville Mills, makers of cotton and rayon towels, draperies and sports clothes...
...subsidiary to build machinery to produce rayon and other synthetic textiles. Krupp has licensed patents owned by New York's Oscar Kohorn and Co., Ltd., will sell its textile machinery through a new Swiss corporation...
...Hospital in Boston has developed an artificial eye that moves and twinkles. Made of plastic (with rayon threads imbedded to look like veins), it has a magnet built in. It moves in obedience to another magnet set in the muscles that formerly controlled the lost...
...Japan's Trade Minister has handed over control of all cotton yarn quality to ten big mills, which produce 80% of the country's total. Official reason: small cotton spinners, who get only 5% of raw cotton imports, have been adulterating their yarn with up to 60% rayon staple and other fibers. The small spinners will now probably be forced out of business, since they can no longer pad out their cotton supplies...
Elsewhere in the economy, signs of the upswing multiplied. Rayon-staple mills were stepping up production to capacity, and rayon yarn prices were on the rise. Hardware sales were picking up, and the building boom showed no signs of slackening. House-building contracts in the 37 states east of the Rockies totaled $851 million in October, up 10% from September and a thumping 34% ahead of a year ago. As a measure of the overall business surge, electric power output set a weekly record of 9.4 billion kwh, up 11.4% from...