Word: cmp
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...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...
Turnabout. Some were fly-by-night operators who had wangled CMP chits and were trying to buy steel for resale on the grey market. Most were established companies, many of them in direct defense production. Chrysler Corp., for example, with 10% of its space turned over to arms output, said that it would not be able to produce its quota of cars this quarter. It might even have to close down next month unless it gets more steel...
...programs is a misleading term, loosely denned by the Government. It includes wide areas of industry usually considered largely or wholly "civilian" (e.g., freight cars), some of which had low priorities in World War II. This loose definition invites almost any manufacturer to apply for defense steel allocations. With CMP on a first-come, first-served basis, many old customers are going to their usual sources of supply only to find that some newcomer has got there first and left no steel for them. The result is that many steel users are placing orders anywhere they can; no one knows...
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...