Word: cmp
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...steel industry, said Bethlehem Steel's Chairman Eugene G. Grace last week, has been plunged into chaos and confusion by the Government's Controlled Materials Plan. Although only four weeks old, CMP has already turned the industry's distribution upside down, said Grace, and is opening the door to black markets such as have never been seen before...
...confusion stems from the fact that the Government knowingly allocated more third-quarter steel than was available. The CMP assumed that many orders for steel would be canceled. The cancellations failed to appear; instead, customers everywhere were pounding on the doors of steel mills in a vain attempt to get more metal...
...Fleischmann fathered the Controlled Materials Plan (TIME, April 23), convinced Charlie Wilson and doubtful businessmen that CMP was needed to keep defense and civilian production rolling. About his latest appointment, still to be confirmed by the Senate, Fleischmann has some good-natured misgivings. Says he: "Secretary Sawyer says he wants to see me daily. Mr. Wilson says he wants to see me daily. And Congress will probably want to see me daily. I won't have any trouble keeping busy...
...merely "hunting licenses" for scarce materials, manufacturers will get what Fleischmann calls "cashier's checks" to draw the metal they need from the set-aside supply. The present cuts in steel, zinc, copper, etc. for civilian producers (TiME, March 5) will be continued, may even be deepened when CMP is in effect...
...Administrator Fleischmann knows as well as anyone that thus far CMP is little more than a plan on paper. It is far from the tight, overall CMP of World War II, since no one has yet decided exactly how much metal will be siphoned away from civilian production for defense. Said Fleischmann: "The really tough decisions have not been made...