Show REACH AGREEMENT ON CRUISER CONTRACTS Warships to Be Built at Actual Cost Plus Specified Specified Sped Sped- I I fied Percentage Washington Dec 30 Officials 30 Officials othe o ot the three shipbuilding companies which submitted proposals to construct battle cruisers virtually have ha reached an agreement with the na navy on a form of or contract to govern the tho building of ot these vessels on a cost and percentage basis As none of oC the he companies companies com corn panics submitted specific cost figures all four our of ot the cruisers authorized at nt atthe atthe the last session of Congress probably will be oa built at actual cost plus a specified fled Clod percentage Present indications indication lon are that the awards will be made earl early next month the Newport News Shipbuilding Drydock Dry Dry- dock clock company tho Fore loo River HI Shipbuilding Shipbuilding Ship Ship- building building- company compan of oC Quincy Mass ass the Union Iron Works Yorks of San Francisco and probably William Cramp 8 Sons of ot Philadelphia getting contracts for tor forone forone torone one battle cru cruiser sel each Secretary Daniels has determined to equip the Philadelphia naval na yard ard for tor battle cruiser construction but that will take more than a year ear ear earThe The Tho department Is facing racing a n. perplexing perplex perplex- ing problem In Ill getting the four tour thirty thirty- knot fIve scout cruisers authorized under under under un un- un- un der construction A contract for fOl one ono has been awarded to a Seattle compan company com corn pan pany and bids on tho the other othor three have o been but navy officials have no assurances that tIle the they will bring an any proposals within the tho cost limit sot sotby sotby sotby by Congress Cong s |