Word: cpa
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...tons agreed upon. Reason: rising labor costs (up from a prewar 27? per-man-per-day to $2) will force some mines operating on a low profit margin to remain closed. So, with a low tin yield coming in from the rich Far Eastern mines, the CPA expects a short tin supply until...
Since the end of the war CPA has been faced with the problem of domestic v. foreign demand for goods. While OPA lived, the problem was minor. Ceiling prices on exports left too small a margin of profit to suck any large amount of goods away from the domestic market. But with ceilings off, CPA saw trouble ahead. Most world commodity prices are 25% to 100% higher than those in the U.S. There was little to prevent nations with abundant dollar exchange from buying, at fantastic prices, the goods Americans themselves were still short of. So CPA plans to permit...
...CPA's plan brought a loud squawk from the Department of Commerce's Office of International Trade Operations. OIT, which would have to administer the CPA plan through export-license control, hated the thought of curbing foreign trade at a time when the U.S, was asking the rest of the world to relax trade restrictions. (Commercial exports in May were $649 million, highest since January 1921.) But there had been no boom since OPA's death. If a boom started, OIT could clamp on controls in 24 hours. In effect, CPA was turning on the hose before...
...industry, free of major strikes last week, was not free of major troubles. Biggest was the shortage in steel. It had become so scarce, due to the production losses of the coal and steel strikes, that CPA Boss John Small slapped on priorities to funnel some 20% of all finished steel into essential industries-housing, farm machinery and railroad equipment, etc. How long the priorities system would last (it now applies only to the third quarter) depended on how quickly steel mills hit capacity production...
...week. This week, output should increase and next week jump, thanks to a big boost when Ford gets back into production. But no one was even guessing when automakers would reach their 1941 figure of 130,000 units a week. Packard's George Christopher solemnly warned that the CPA order on steel (and another priority system upcoming on iron castings and pig iron) may cut all car production again to a dribble. And the industry was still plagued by suppliers' strikes. Item: General Motors last week had 104 of them...