Word: rayons
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Most of the companies that reported smaller profits this year were off by only a small margin, e.g., Industrial Rayon Corp., down from $2.35 a share to $2.33. A few companies reported deficits. One of the biggest: Lehigh Valley Coal Corp., which lost $1,146,019 in the first half v. a net loss of $569,093 a year...
Near Magdeburg, 6,000 workers in a rayon plant milled around the plant shouting slogans, had to be dispersed with rubber truncheons and fire hoses. Twelve thousand workers of the Karl Liebknecht heavy machinery plant, marching on the city, were confronted by Soviet troopers who fired over their heads and by Volkspolizei who fired directly into the mob. Five fell dead. Before they gave up, the strikers released 20 political prisoners from the jail, wrecked Red trade union headquarters...
Their mills, which were turning out only 190 million yards of denim eight years ago, this year will produce more than 450 million yards. For the ailing U.S. cotton industry, long ago threatened by rayon and more recently by the newer synthetics like dacron and orlon, the coronation of Cinderella denim proved that where there is a way to make homely cottons attractive there is a will...
...Haiti. Dry-cleaning has cleared the way for two big mass-production tailoring shops in Port-au-Prince. Five haberdasheries have opened, and five more dry-cleaners have followed Jimmy into business. Women's ready-to-wear shops have mushroomed. Haiti's women now dress in rayon, taffeta and wool...
Then the Secretary lifted his sights from dairymen to all farmers who are losing markets through Government-rigged prices. He pointed to cotton (synthetic fibers, such as nylon and rayon, now account for the equivalent of 3,300,000 bales of cotton a year) and to wool ("The public ... has been sold on suits, rugs and other products that contain high proportions of fiber other than wool"). If these price-supported industries had been fighting to hold or expand their markets, they would not have become the victims of such deep inroads from competitors...