Show 1 WORK IS STARTED ON NEW SHIP PLANT By Associated Press TRENTON 1 ENTON N. N J. J July 24 With With the incorporation of ot the Federal Shipbuilding ing company here yesterday with a capital stock of announcement announcement announcement announce announce- ment was made that the concern is backed by Interests affiliated with the United States Steel corporation and that construction o of a fL plant to cost In Initial l outlay has hils been I started on the Hackensack Meadows near Hackensack N. N J. J Ways w which ich will permit of work on ten large ocean freighters at one time will wUI be Installed and It is expected to tov have v the plant fully equipped in m six months |