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...This week OPM Statistician Stacy...
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...
...safety valve for some of the businessmen, economists, laborites at work on U.S. defense in Washington is the National Planning Association. More of a seminar than an association, NPA gives such men as OPM's Deputy Production Director William L. Batt, Labor Bureau Statistician and Machine-Tool Expert A. Ford Hinrichs, the Federal Reserve Board's (and Harvard's) Alvin Hansen a chance to get together, pool ideas. Published last week was a caustic NPA summary of what was talked about and concluded at a recent session...
...biggest decided to pool their facilities and troubles, become Standard & Poor's Corp., slough off Standard's expensive printing plant, do business henceforth with a combined staff of about 900. Chairman of the board of the new company is Paul Babson, 46, cousin of famed Statistician Roger Ward Babson, who runs the Babson Statistical Organization. With the Standard-Poor's merger, the Babson family moves a long way toward cornering the market on advisory services. Other Paul Babson enterprises: his own United Business Service, a directorship in the Kiplinger Washington Agency...
...four consecutive dividends puts control in the hands of the 1,930,086 outstanding shares. Hence, Hearst management turns cartwheels to pay at least one 45? dividend a year making the Class A yield 8¾% at current prices (around 5). Aside from the control setup, Super-Statistician Odlum figured that the Class A was worth over $6 a share even after paying off all debts and eliminating the $84,500,000 of circulation, good will...