New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-16
Relevant Facts
Plans for Worlds Largest shipbuild-

Plans for Worlds Largest Shipbuild-
ing Plant-The intention of the United
States Steel Corporation to build the
largest shipbuilding plant in the world
in the Hackensack meadows is revealed
in the plans and specifications prepared
by the Federal Shipbuilding Company,
the new subsidiary recently organized.
Each Of the ten ship ways will be 45O
feet to 500 feet in length. Later, when
more slips are provided, some of the
ways will be extended to permit the
construction Of giant ocean boats near
ly 1000 feet in length. The steel
buildings will cover ten acres, includ-
ing mammoth plate mill nearly 1000
feet in length, machine, structural, fab
ricating and assembling shops and a
great power plant. Marine boilers and
engines and electric fittings will be
manufactured on the premises.
An indenture of 1000 feet is being
made into the land for the basin, which
will be 900 feet wide, large enough to
permit the simultaneous fitting OF five
or six ships after they come off the
ways. Contracts for dredging, excavat-
ing, pile driving, construction of the
dock and erection of the ten ship ways
have been let to Frazer, Nrace & Co.,
contracting engineers. The 10000 tons
Of fabricated steel required for the
buildings will be furnished by the
American Bridge Company, while the
general engineering contract has been
let to Post G McCord, Inc.
The complete list of the board Of d.
rectors Of the Federal company, given
out yesterday for the first time, shows
the following membership: +. II. Gary,
James A. Farrell, Joshua Hatfield, Rob-
ert MacGregor, Richard Trimble, Au-
gust Ziesing and w. j. Filbert. Mr..
Gary is president, Mr.. Trimble treas
urer and Mr.. Filbert secretary.
II is understood that the United
States government will take all of the
boats that the company can turn out
In the next eighteen months to two
years, although no formal contracts
have been announced.
United Railways Investment Com
pany-It was announced yesterday that
the company had paid off $4,000 Of
its per cent serial notes of 1908.
With this payment the company has
retired out of earnings the last Of the
81. 5OO,000 of notes issued for the pur-
pose OF providing the United Railroads
of San Francisco with funds necessary
TO the rehabilitation of its properties
after the San Francisco earthquake and
fire.
Extra Dividend Payments.-Director
Of the Cuban-American Sugar Company
have declared an extra dividend OF 10
per cent on the common stock; also
regular quarterly dividends Of 2la per
cent on the common shares and la per
cent on the preferred, all payable Oc-
tober l to stockholders Of record Sep
TENDER -.
An extra dividend of per cent has
been declared by the Atlas Powder
Company on the common stock, and
the regular quarterly payment of per
cent, payable September 10 to stock
holders of record August 81.
The Pittsburgh Brewing Company
has declared the regular quarterly
dividend Of ia per cent on the pre-
ferred stock and 4 of per cent on
account Of accumulated dividends on
the preferred shares, payable August
81 10 stockholders of record August 90.
United Railways of st. Louisa
committee headed by n. A. Mcmillan,
president of the st. Louis Union Bank
and chairman of the st. Louis Union
Trust Company, and Of which the
other members are Edwin G. Merrill.
president of the Union Trust Company
Of New York, Edward Mallinckrodt,
president Of the Mallinckrodt Chemical
Works, Of St. Louis; j. Herndon Smith
and NJ. Kotany, also of ST. Louis, has
been formed in the interest of the first
general mortgage 4 per cent bonds Of
the United Railways Company of St.
Louis.
The committee informs the bondhold-
ers that a number Of conferences have