Word: opm
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Last week, before the Edison Electrical Institute meeting in Buffalo, OPM's William Loren Batt made the shortage sound more ominous. Estimating that 1,000,000 new kilowatts were required for expanded aluminum output alone, he recommended the extension of daylight saving time all over the nation. SEC Chairman Eicher chimed in: "Competent authorities are predicting that serious generating deficiencies will be encountered in many areas...
...This week OPM Statistician Stacy...
Many a delegate wanted to know: how far would the Government's buying program, interfere with his own? OPM's speakers left them no doubt that business-as-usual was dead for the duration. Director of Purchases Donald M. Nelson set the U.S. goal at $35,000,000,000* of defense production a year, which meant a corresponding decrease in civilian production. The purchasing agents were urged to adapt their buying policies to a long defense pull, to seek substitutes for strategic materials, not to hog inventories, so that no manufacturer should be short of materials while another...
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...
Last week's report made such bad reading that even habitually sanguine Franklin Roosevelt could think of no comment beyond predicting general priorities on steel. Next day priorities came. OPM's Stettinius announced that he and OPACS's Leon Henderson would allocate 75% of steel production (the share not now going to defense and Britain) among competing civilian needs. Graceful living was clearly due for another shock...