Word: rayons
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...patent ran out and Du Pont ran in. Competition drove the price down, widened the market. By 1927 rayon had passed silk in the U.S. market, grew steadily while other textiles didn't. Figures in millions of pounds consumed...
...market looks right next week, U.S. investors will get a chance to buy the U.S.'s No. 1 rayon company-American Viscose. Owned by tight-lipped Britons until the British Treasury's Sir Edward Peacock sold it to a group of Manhattan investment bankers in March (TIME, March 24), Viscose has long been the Madame X of U.S. corporations...
...when potent Courtaulds, Ltd., British thread & textile makers, acquired an American subsidiary (then Genasco Silk Works) for $130,000, rayon was little more than an idea. The next year the subsidiary sold 308,000 pounds of its honey-colored product for a profit of $230,000. As costs went down (from $1.10 a pound to about 60(0?), the price went up (from $1.85 in 1911 to $10 during the war). In 1919 Viscose made over $25,000,000. Reason: it had a patent monopoly...
Last fortnight Maestro Stokowski had done some criticizing himself. In firm, rayon tones he announced his resignation as conductor of the Philadelphia Orchestra. Said he, with reference to his critics: "I have always tried to give Philadelphia beauty through music because I believe in beauty and truth. If the atmosphere surrounding my conducting is to be untruth and ugliness, I cannot give of my best." It appeared that next season, for the first time in 29 years, Stokowski really would not wave pale hands over the orchestra which he had made one of the two or three plushiest-sounding...
...Edward Peacock, who arrived in the U.S. in January to knock down Great Britain's investments in privately-owned American corporations (TIME, Jan. 20), took his biggest step first this week. His initial sale: huge American Viscose Corp., world's largest rayon manufacturer...