OCR Text |
Show TEXTILE INDUSTRY READY The textile industry is in a good position to meet a possible pos-sible embargo on Japanese silk because of increased outputs in nylon and the possibility of making up the balance by increasing in-creasing rayon yarn making and the use of vinyon and natural na-tural fibers. Nylon now can be provided for about 10 per cent of the current full-fashioned hosiery production, and this is expected to be doubled by June, 19-11. With relations between Japan and the United States on a strained day-to-day basis, the possibility of a silk embargo is increasing. Japan gets most of its foreign exchange in this country from the sale of raw; silk, and any action destroying de-stroying the American market would seriously cripple both its export and import trade. An embargo would make a silk deficiency in this country of 2,300,000 pounds monthly. Nylon would contribute 650,-000 650,-000 pounds toward making up the deficiency, while the increased in-creased use of rayon yam and other fiBers could make up the rest without too much inconvenience to the textile industry. in-dustry. -R It |