Word: rayons
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Beards & Matches. In the afternoons, he prowled around the base, dressed in a tan slack suit whose rayon trousers bore a conspicuous patch. Evenings, there was "paper work" (poker) in the commandant's white, jalousied house which serves as the Little White House. By 10 o'clock Harry Truman was in bed. Clark Clifford, who padded around barefoot sporting a three-day beachcomber's beard, explained contentedly, "We're getting more fun out of just sitting. My feet are getting so tough I can light a match on them...
...almost all U.S. cotton clothing. Last week, Cluett, Peabody invited a group of bigwigs to its Troy (N.Y.) home to look at a new $1,000,000 research laboratory and two new processes designed to 1) prevent wool from "matting," thus making it easily washable, and 2) pre-shrink rayon as Sanforizing does cotton.* Cluett, Peabody also showed off a new president: youngish (41), ruddy Barry T. Leithead, up from vice president in charge of sales to replace Chesly Robert ("Bob") Palmer who, at 65, had decided to take life easier. (He will remain a director...
...shirt sales climbed, so did the royalties from Sanforizing. This year the company's income from the Sanforizing royalties is running at a rate of $7,000,000-just about equal to the probable 1948 net on its $82 million gross. With, the new wool and rayon processes, it hopes to step up its royalties still more...
...rayon process, called Sanforset, was developed by Cluett, Peabody; the wool process, still unnamed, was licensed from its British developers, Stevensons Ltd. and Woolsey Ltd., and treats the wool with a "secret" chemical...
...Rayon & Heir. It was obvious that Detroit's motor industry, biggest U.S. steel consumer, could use a mill of its own. But it had none until Humphrey put together Great Lakes Steel, later merged it into National Steel Corp. (27% Hanna-controlled). Long before the industry itself woke up to the fact, Humphrey discovered that Cleveland's Industrial Rayon Corp. was revolutionizing the rayon industry by a continuous spinning process; Hanna bought control (17%). In 1945 he merged some of Hanna's coal interests into the mammoth new Pittsburgh Consolidation Coal Co. (57% Hanna), and became boss...