Evening star., 1942-01-21
has also acquired since January !
approximately 1853 vessels.
Tho yoyo1 ehnra ocf q h1i ohm anti q

has also acquired since January
approximately 1858 vessels.
The naval shore establishments
have been greatly increased. Twenty
new air stations have been COM
missioned, among other major ac-
complishments.
Pointing out. that the Navy's OBJ
jective in September, 1889. when the
war broke out abroad, was 3, 1000 war
planes, the committee said this had
been increased to 1000 and probably
would 60 higher. Great progress
has been made, the report said.
During the first year of the war,
September. 1899. to August, 1910,
aircraft deliveries to the Navy totaled
255. In the second year OF the war,
September. 1910. to August, l941, the
deliveries were 2,74S planes. The re-
port adds, however:
"Of course, with the important
exception OF the fleet replacement
aircraft, the majority Of these de-
hveries have consisted of aircraft
for purposes OF training. Prom cur
rent production schedules It Is con-
fidently expected that the output OF
combatant aircraft for the extension
Of operating sqlAdrons will increase
rapidly during the next II months"
Discussing the question OF exces-
sive profits on naval contracts, the
report points out that while the
average of net profit is 7.9o per cent.
At companies realized average net
profits in excess of 7 per cent on
completed contracts and 4ls COM
panies realized average net profits
IN excess Of per cent on uncom-
pleted contracts.
Singles Out Greater Profit.
Taking per cent as q fair return,
the. report picks out instances where
the profits were greatly in excess OF
that figure. General Motors Corp,
Cleveland Diesel engine division,
for example, on Is contracts, all In
excess of $1,000, 900 and ranging up
to more than 5000 900, showed
profits ranging from IL to n per
cent.
The Bath Iron Works, reporting
on six completed and two uncom-
pleted contracts, showed profits
ranging from to % per cent.
The Bendix Aviation Corp, Eclipse
Aviation division, expects to realize
a profit Of $375 .688 SO on a $l,37S.4 AS
contract, profit Of q per cent. The
Bridgeport Brass Co. expects to
realize a profit Of from is to 26 per
cent on four contracts in excess of
$500 600. The Maryland Drydock
Co. listed one contract In the
amount of $1.493,286 upon which it
realized profit of $3.50, oil, amount
ing to AS per cent The Erie Forge
Co. reported a profit of 3320745,
amounting to 1499 per cent on one
contract involving $534,574.
The highest per cent Of profit was
that reported by the Weston Elec-
trio Corp, which had a profit Of
$735 on a 1893 contracts 247 per
cent profit.
Contracts Concentrated"
The committee reported also there
had been a concentration" of many
contracts In the hands of a few
companies. 1t said that out of $719,-
936 ,229 of completed contracts, some
$428. .131 ,839, or 5947 per cent of the
total amount. was reported by 10
companies. The largest amount of
completed contracts in this group
was reported by the New York Ship
building Corp, SOC. .744!050, on which
gross profits amounted to a 1856, ,769,
amounting to an average gross
profit Of per cent. The largest
percentage Of profit reported in this
group of 10 companies was that of
the Delco-R -Remy, Harrison Radiator,
Cleveland Diesel Engine and Fisher
Body, all divisions Of General Motors
Corp. which reported profits Of $3,-
398, ,487 on SIT ,292 ,6s5 of contracts,
amounting to an average net profit
Of 245 per cent on the cost OF the
contracts.
The trend has been toward in
creased profits as the defense pro-
gresseS
Cites Man-Days Lost.
The committee report gave as an
example of the great damage done
to the defense program the A1lis-
Chalmers strike In Milwaukee, Wis,
which lasted for 76 days and was
called on a fraudulent strike bal.
lot Labor Department figures, 1t
said. showed that during the 15-
month period covered by q survey,
from July, 1910, to October, 1941,
24,284,981 man-days Of defense ef-
fort were lost because Of strikes in
volving 1880, ,33l workers. The Navy
Department reported that strikes -oc-
CURED in AL plants having naval
defense contracts, the number Of
man-days lost being approximately
2,586, 900.
Discussing the increase in assets Of
the labor unions from October /,
1889, to March 81. ls4l, the report
said that the unions Of the A. p. L.
had reported a gain Of 14.74 per
cent. The c. I. o. during the same
period showed q gain Of 0ey63 per
cent.
The assets Of the Cement, Lime
Y~k ~