OCR Text |
Show OFFERS TO REDUCE CONTRACT PRICE WASHINGTON, May 21. The Allied Silk Trading corporation of New ioik has notified the procurement division 01 the ordnance department of the army that it has decided to reduce its commission, com-mission, in a contract made with the ordnance department for the. manufacture manufac-ture of 7,000,000 yards of cartridge cloth, from 7 per cent to 3 per cent. The corporation informed the procurement procure-ment division that it had no desire to make a war profit, and that the highei figure was asked at the start as an assurance as-surance that the company would suffer no loss. It was found that it could produce pro-duce the goods contracted for at a 3 per cent commission, and perhaps even lower than that. |