Admiral Reaping Scrap Windfall

by Michael R. Allen

St. Louis Marine, owner of the S.S. Admiral, got lucky: the company is scrapping out the mostly-metal boat at a time when scrap value is up. According to one observer, the scrap weight of the Admiral is 3300 tons, and the cost of dismantling is about $50 per ton. By the time the streamlined ex-steamer exists only in public memory, St. Louis Marine is likely to have made anywhere from $600,000 – $700,000 in scrap.

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