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Show MATSON NAVIGATION CO. TO BUILD NEW LINE San Francisco. Jan. 8. The Matson Navigation company, which operates a line of passenger and freight steamers steam-ers between this port and Honolulu, announced today that it "had closed a contract with the Newport News Ship Building company for the construction of a new liner, the cost of the vessel to be $li00,000. The steamer, which will be similar In specification to tho Lurllne. one of the ships already on the run, will be 450 feet In length ami 51 feet of beam with a freight capacity of S.000 and accommodations for 15Q nassengers |