Business & Finance: At Full Capacity

Extraordinary—for 1939—were conditions in the shipyards of the U. S. when the Navy last week split $350,000,000 of new shipbuilding business (for 24 ships) among five companies and seven navy yards. Private shipbuilders got $107,131,000 of orders for twelve ships, divided among:

Bath Iron Works: $9,626,000 for two destroyers.

Federal Shipbuilding & Dry Dock: $34,042,000 for two destroyers and two cruisers.

Electric Boat Co.: $8,811,000 for three submarines.

Newport News Shipbuilding & Dry Dock Co.: $31,800,000 for an aircraft carrier.

General Motors and Fairbanks Morse: each $2,000,000 plus for marine Diesel engines, electrical equipment.

Two 45,000-ton battleships awarded went to the Brooklyn and Philadelphia Navy Yards, giving...

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