Word: viscosa
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...TIME, Dec. 15). Last week the Oustric case grew hotter & hotter. Clement Moret, governor of the Bank of France, testified that in 1926 as an official in the Ministry of Finance he had published a favorable report on one Oustric stock, an Italian artificial silk company known as Snia Viscosa, at the direct order of M. Peret, then Finance Minister. Later testimony showed that the then French Ambassador to Rome, Rene Besnard, had received large sums from Oustric after recommending this same company for listing on the Bourse. Andre Tardieu still remained unsullied personally last week. Cynics wagered that...
...Signor Gualino, director and founder of the big Viscosa artificial silk works, which employ thousands of men and women, went recently to Mussolini and declared he must close all his mills unless he got working capital...
Profits of rayon-producing companies have been obviously large, yet are shrouded in mystery, as leading concerns rarely issue earning statements. Prominent rayon makers are: in the U. S., the Du Pont Rayon Co. and American Viscose; in Britain, Courtaulds, Ltd.; in Italy, Snia Viscosa. Rayon companies have been able to expand by using their own large earnings, without recourse to the banks...