Word: dunn
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Despite the 6.4-million-ton shortage already in sight, Mr. Dunn's second report took a stand against wholesale expansion even firmer than his first. Stacy May, head statistician for OPM, had predicted a 1942 demand of 120.4 million tons, almost 30 million tons above present capacity. Mr. Dunn regarded this figure as inflated, notably on the side of civilian needs.* He therefore shaved it to 102 million tons, for a starter. Then he averaged it with American Iron & Steel Institute's lower estimate (92.6 million tons), with the frank admission that either figure might be right. This...
...Dunn's real argument against a 30-million-ton expansion: that it would rock the economy on its heels. He mentioned, in passing, that even a ten-million-ton horizontal expansion would not only cost $1,250,000,000 but would take at least two years and 4,160,000 tons of additional steel (including coal and iron mine development, hauling equipment, etc., as well as furnaces and rolling & finishing equipment). But the real drain, he said, would be on the labor supply...
Engineer Gano Dunn, author of one optimistic report on the adequacy of U.S. steel capacity for war needs (TIME, March 10), gave Franklin Roosevelt his second guess last week. Nub: next year the U.S. will produce 6.4 million tons of steel less than it needs...
...Dunn's first report was a godsend to Franklin Roosevelt, who needed good news at the time. Skipping its many ifs, he broadcast its cheerful conclusion: that in 1941 we would have a 10.1-million-ton surplus, in 1942 a 2.1-million-ton surplus, after all military, export, and normal civilian needs. That was before Lend-Lease...
...Dunn had A.I.S. statisticians estimate, for the first time, the labor required to produce, deliver and consume the 101.9 and 120.4 million tons of steel that Stacy May called for in 1941 and 1942. They found that 7,591,500 employes were involved in making and using 1940's 68 million tons of steel-including steelworkers, miners, fabricators, transportation and construction workers, etc. On this basis, their figures reached the astonishing conclusion that, for a 50% increase in steel production in 1941, 4,271,000 (56%) more than the 7,591,500 men so engaged in 1940 would...