New-York tribune., 1921-03-15
Working On Many Liners

During the year three liners of 81
90 gross tons were delivered eleven
of l33. .s23 gross tons we're launched,
nd the keels for three Of 30658 gross
,ons were laid. SO far this year three
more OF these liners, with gross
tonnage of 35,191, have been delivered
and nine more are expected to be
turned over to the Shipping Board be-
fore the end Of the year
Work for the Shipping Board has
been devoted exclusively to passenger
liner construction. The corporations S
share in ths is stated to comprise the
argest single order for this type OF
snip ever placed with shipyard in
any country. as it is entrusted with the
building Of sixteen of the twenty three
passenger liners ordered by the Ship
ping Board.
Nine Of the sixteen are 535-footers.
WITH sea speed of 1712 kHots. They
are turbine-drlven and oil-burning
with fuel tank capacity giving them
d cruising radius of $4,000 miles. They
have accommodations for 259 first
c-bln passengers, which COMPARES IA
fofahly with the best liners under
orelgn flags, and they also carry 800
teerage.
Cruising Radius Extensive
/ ne olher seven liners are 52Z-foOt-
RS, with & sea speed of ID knots. These
are drlNen by reciprocating engines
nd have fuel oil bunkers designed
'or even greater cruising radius than
mat Of the 535-footers. With accomYno-
fat.ons TO 7S cabin passengers, they
are especially designed for express
reignt service and have cargo han
slng equipment, which is suffici to
insule quick turn-around in port.
Inc delivery schedule for 1920 in
GUIDED three passenger ships, sixteen
testroyers and ore tanker, q total of
'~enty ships of 64,s00 gross tons. Of
ne thirty torpedo boat destroyers on
order from the Navy Department. IN ad-
'iton to the sixteen delivered. the last
en- were launched and the remaining
oar VlI be delivered before long The
keel O. the battle cruiser Saratoga was
aid last September and she leads the
i've vessels Of her type building in pri-
gate and navy y.rds in the percentage
Of null erected. Progress on the battle
ships Colorado and Washington has
been satisfactory, it is reported.
with the completion of the corpora
ions part Of the governments war
line shipbuilding program more of the
freed for the handling of private or
ders. These include to date nine oil
tankships and one passenger and freight
vessel.
sl4.l7 a Share Earned
The New York Shipbuildlng Corpora
ion earned SALT a share on its 200,-
800 shares Of 10 par value stocks. This
was, however, after the payment of
!9l9 income and profits taxes, but be-
fore charging anything for 1920 taxes.
ihe 1919 taxes paid in 1920 amounted
70 So 9.297 and the company estimates
he 1920 taxes at $l,79O ,00c The COM
r-ny has outstanding $6,7260OO first
mortgage per cent sinking fund
bends; its plant is valued at Sic, 1924,
The magnitude Of the business is
shown by work in progress Thus, at
ine end Of 1920 the company carried
as an asset ship contracts valued at
Siol,92s003 and against this was d
liability Of S155.061,547 payment or
account of contracts uncompleted. At
ne end OF 1919 there wa, s93, ,63O,9 1926
sndp ssnlp contracts work in progress and
sSSVo9.S7e payment on account.
The company has no bank loans and
IL tne end of 1920 had $5,427 ,S25 cash
On hand.