Late last year Reynolds Metals Co., world's biggest maker of metal foils, bought a large advance supply of aluminum for some $3,000,000 from Aluminum Co. of America. At that time no one knew precisely why the company was thus lofting its inventory more than 50%. Last spring when Reynolds Metals raised $5,000,000 through new financing (TIME, May 6), no one knew why working capital was being doubled except President Richard Samuel Reynolds who remarked laconically: "We have a number of new developments which might surpass the volume of our metallic foil business." Last...
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