Word: rayons
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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...
...synthetic textile ("the best we know of for outdoor use") was hailed by Du Pont. Called "Orlon," it is described as warm as silk, as wrinkle-resistant as wool, and resistant to moths, molds and mildew. Though nylon is less likely to tear, Du Pont said that nylon, rayon, linen and cotton were "complete failures" in an exposure test which hardly affected Orlon...
...year-old, Barcelona-born Teodoro ("Teddy") Moscoso Jr., PRIDC is plugging the island's advantages in openhanded tax concessions, cheap (as low as 15?-an-hour minimum) labor, and plentiful, government-owned electric power. Moscoso's salesmanship has already brought 42 new industries-ranging from rayon to radios-from the mainland. Since 1940, while the population has risen 12%, production has been upped 30%. New inquiries from mainland industries are pouring...
...weekly checks were made on only half the 900 different commodities that the index was supposed to cover. For another, the relative importance of individual items in the index was based on sales during 1929-31. The result was that items which had since increased vastly in importance, e.g., rayon, were given much less weight in the index than they deserved. Newer items were left out entirely. Last week, after months of preliminary tooting, the department issued a new weekly index to replace...