If the market looks right next week, U.S. investors will get a chance to buy the U.S.'s No. 1 rayon companyAmerican 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.
Last week the veil was snatched away when Morgan, Stanley & Co. made public the SEC registration statement. Viscose was revealed as a $122,000,000 company. Since 1931 it has made $62,000,000. Only in one year did it show a loss ($1,873,000 in 1938)....
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