> Sperry Corp. announced that renegotiations of its war contracts with an Army and Navy Adjustment Board (TIME, April 20) would save the Government, in refunds and lower prices, about $100,000,000. This is the biggest war-contract adjustment so far. Said Sperry President Tom Morgan: "Our profit before taxes has been larger than was anticipated or desired." Said the Navy's James V. Forrestal: ". . . deeply gratifying . . . evidence of practical patriotism."
> As an overture to price ceilings over everything, OPA first froze all export prices. Exporters can now...
To continue reading:
or
Log-In
