Word: opm
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Dates: during 1940-1949
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...hard for the President to give up the laissez-faire habit of a lifetime; as a great planner but a poor manager himself he simply could not see that the OPM strangled as much as it produced. And he hated...
...reason the feeding can begin that soon: since an industry-OPM committee began scanning plants for a possible 10,000,000-ton expansion last spring (TIME, June 16), individual companies have already announced work in progress on over 6,000,000 tons of new ingot capacity. U.S. Steel alone in two months has announced plans for 4,000,000 tons...
Where the rest of the 15,000,000 tons will be located is not yet known. But it will probably hit the map at or near the spots where 6,508,950 tons (11%) of new pig-iron capacity, recommended by OPM last month, is scheduled to arise. In addition to enlargement and rehabilitation of existing blast furnaces, the pig-iron program includes ten new furnaces: one each at Gadsden and Birmingham, Ala., Cleveland and Youngstown, Ohio (for Republic Steel), at Johnstown, Pa. and Lackawanna, N.Y. (for Bethlehem), at Braddock, Pa. (for U.S.), at Pueblo, Colo, (for Colorado Fuel & Iron...
Since steel's basic raw material is normally about half pig iron, half scrap, 6,500,000 tons of pig would scarcely be enough to turn out 15,000,000 tons of steel even in normal times. And scrap is now abnormally scarce. Last week OPM steelmen particularly recommended expansion of Bessemer steel capacity, because the otherwise less economical Bessemer process requires very little scrap. Transportation Commissioner Ralph Budd announced a program to collect 232,000 tons of abandoned streetcar rails. But Cleveland's Daily Metal Trades reported that steel mills are still using more scrap than they...
There was no vacation in prospect for Leon. He left the committee room with the same powers over prices he had when he entered: none at all except those he could exercise through OPM's priorities section. But prices were still shooting up and it was still his job to keep them down. He was supposed to slay the dragon of inflation with a rubber sword...