Word: cmp
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Dates: during 1950-1959
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...Motorola and Sentinel last week cut prices from $20 to $80 on their 1952 models, and even RCA and Admiral, which had held out against price cuts in the past, planned to go along. Other metal users found sales just as slow: with the deadline already past for filing CMP applications for fourth-quarter metals, the government had got requests from less than half of the eligible producers; the rest apparently still had enough to carry them through...
...first few weeks of operation, CMP had only applied to manufacturers directly engaged in the defense programs and to the so-called defense-supporting industries, e.g., freight-car building. Makers of such civilian goods as refrigerators and autos had been left to scramble for themselves. By putting the civilian producers under CMP, Fleischmann hoped to assure them a fair share...
Many businessmen, particularly small ones who had got crowded out in the scramble, welcomed CMP's extension. At best, they thought it might get them more supplies, at worst create no greater confusion than now exists. Others, who had seen CMP disrupt their long-standing relationships with suppliers, feared that the move would pinch them still more. "CMP is an impossible and ill-starred undertaking," said Ford Vice President Irving A. Duffy. "Who can judge how much steel should be allocated for manufacturing hairpins, bobby pins, ash cans and thousands of other civilian items? Who can possibly possess...
DPAdministrator Fleischmann, who had predicted confusion in the first stages of CMP, was more optimistic. After a few months, said he, things would settle down and DPA would have the staff to crack down on manufacturers who are now adding to the confusion by wanton over-ordering. To the suggestion advanced by Bethlehem Steel's Chairman Eugene Grace and others (TIME, Aug. 6) that CMP should be limited to direct defense production, Fleischmann had a quick answer: "Without CMP you will get lots of refrigerators, cars and so forth, but no tools. Direct military purchases are the smallest part...
Bland Reminder. Through all the turmoil, Washington blandly reminded everyone that some confusion was bound to occur as CMP got under way. However, the news is so bad that a few steelmen think the way out is to bring every industry under CMP, and have complete allocations. The big majority, like Bethlehem's Grace, think that CMP should control only the steel for direct arms output. The rest should be left free...