Business: Golden Rays

Rayon (artificial silk*) means ray in French. Last week, Courtaulds, Ltd.† world's largest rayon manufacturers, estimated to control 80% of the world's trade, declared a 100% stock dividend, nominally worth £12,000,000 and a 25% cash dividend, tax free, for the year.

The London Stock exchange, since the boom of seven years ago, has been as quiet as an untenanted playhouse. The rayon announcement pierced the gloomy hush like a spotlight lighting its stage for the premiere of an exciting play. The scene on the stage was an alley in the City of London, Throgmorton...

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