Word: opm
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Dates: during 1941-1941
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...boldest move to date, OPM last week marched into the U.S. silk industry, became sole holder, buyer and seller of raw silk. Then it stopped all processing of raw silk (except on Army & Navy orders), put an end to all silk transfers from warehouse to mill...
Aside from the drastic effect of this action on U.S. consumers (see p. 13), the commandeering meant curtains for most of the 500 U.S. silk-hosiery manufacturers, their 97,000 employes. Another 78,000 workers in silk textile lines faced work curtailment. To mitigate the shock, OPM last week ordered rayon producers to allocate 10% of their output to silk mills. Only the finest rayon will do for hosiery, and it is hard...
This is the sixth week since the Senate Defense Committee gave OPM a thorough dressing down for failing to anticipate the nation's aluminum shortage (TIME, July 7). But at week's beginning OPM still sat on the problem, hatching nothing...
Before the Senate's clamor had died down, OPM announced a 600,000,000-lb. ( 75% ) expansion, with Government financing. Last month it "recommended" five companies to operate the plants. But this week officials of at least one company still knew nothing about the program except what they had read in newspapers, still had seen no contract. Not one piece of equipment for the new plants had been ordered, not one commitment for electricity had been made...
...recommended" company was Olin Corp., which long has badgered OPM for approval of its plans to make aluminum by a new process using alunite instead of bauxite (TIME, June 16). The Bureau of Mines has approved the alunite process; so has OPM's staff of technical experts. But OPM's light-metal bigwigs, without having committed themselves either way, frown on alunite, want Olin Corp. to use bauxite instead...