Word: opm
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Dates: during 1940-1949
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...first was the statistical meaning of an announcement of OPM's William Knudsen, late a motormaker himself, that each company in the nation's No. 1 consumer industry had agreed to cut 1942 production by one-fifth. The second came from an announcement by Alfred P. Sloan Jr., head of General Motors and top spokesman for his industry, that G.M. planned no new models for the 1943 season. Other manufacturers were expected to follow: the 1942 models that come out late this summer will be the standard U.S. cars for the duration...
Implicit also in Knudsen's announcement was a hint that other industries may soon follow automobiles into the quota lists. Already OPM has its eye on refrigerator trays (aluminum), other consumer goods which use material that defense manufacturers are finding hard to get. In 1918 the War Industries Board ordered a 50% cut in production of sewing machines, oil stoves, electric heating appliances; a 30% cut in watches and cases; a 25% cut in metal stamps and stencils, metal tags, rubber stamps. Since 1918, U.S. industry has expanded, but so have the rules of warfare...
...price system for iron and steel scrap was projected by OPM's scrap committee last week. Purpose: to bring out more scrap from marginal sources without letting primary suppliers clean up. Plan: Keep the base price $20 a ton or less, but make steel mills buy one-sixth of their requirements from remote areas f.o.b. In some cases this might add $14 a ton for freight...
Booming steel will need 30,000,000 tons of scrap this year, and the OPM investigators admit this is 5,000.000 more than the $20 ceiling would bring out. Steelmakers estimate the new plan would increase their average cost...
...content with cracking the West Coast cement market and invading the never-before-invaded magnesium industry (TIME, March 3), he applied to OPM last week for a certificate of necessity to build $150,000,000 worth of steel mills in the West. His plans include blast furnaces in Utah for Rocky Mountain coal and ore; electric furnaces near Bonneville Dam to use cheap Government power to convert the Utah pig and scrap iron into high-grade steel; a plant in Southern California to use electricity and natural gas (first time on a commercial scale) to smelt local ore; a plate...