The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-04-17
THOUSAND MEN
TO Be EMPLOYED
ON WAR MUNITIONS
Richmond Branch American
Locomotive Works Get Share
OF Shrapnel Order
Will Spend Several
Millions Here
Company Now Negotiating for
an Order for Eight Millions
With Russia Wall Street
Wild Over War Orders

With mians millions OF dollars
worth of war munitions for thu
Russian Government now being
negotiated for by the American
Locomotive Company. contract
has been definitely awarded for
approximately five million dol.
lars worth of sbarpnci, to be
manufactured for the .tllies.
OF this amount. one-half will
te turned out at the Richmond
branch, and the remainder mt the
Dunkirk MY. works.
II is understood that everything go
Ing into the munitions, except the
! powder, Will be made mere.
. The news was given out here yes
! terday afternoon by Manager George
Curry. OF tho Richmond branch.
Ia the manBfacturt Of this large
quantity of war material the local
company will give 1000 men en-
pioyment for several months, and
other orders are likely to be placed
before the present one is completed.
AIR Curry stated yesterday that
much of the equipment necessary for
the manufacture Of the shells had
been received at the local works and
that more was ou tAe way.
May BE No Further shutdown.
Just AS soon as We get all this
equipment installed, said MIR curry,
we will start the wheel going More
han thousand men will be required
to do the work. We hope that this
will be the beginning Or the perman~
/ enf starting III 81 she local works
after the dull season. ard that b.. the
time NC finish the shells We max ha
mary orders for locomotives"
II was stated that no locomotives
would be constructed AT the local
shops while the manu- aeture of shells
liz going on. Different machinery il
required.
The outlook for continuous work
NJ the big plant. however. fl bright
say the officials We hone IA have
our full quota Of men AT work fin a
short time"
New yorl, dispatch 20 The Rich
fnoud Nirgininn last night said;
The sensational performances az
bethlehem steel we're oftdoue today
IN rise ia equipment company and
steel company stocks which has not
been cqualei on the Stock Exchange
for many ysMrs. The initial rise in
Bethlehem steel was an orderly one
compared e thn wild market which
hroSe loose on the Stock Exchange
this morning and which was born OF
az overnight accumulation az war
~ " t@ VI Tvs a. LOT Size ana Tor glow
ing descriptions Of the profits 10 come.
were withoW9 equal The mad scram .
Locomotive, which opened vt sixty
bic IN prices was led by American
Locomotive, which opened al sixty
eight, eighteen points up from Thurs
days close. The stock has been ,.n-
usually strong for the last few DAYS.
gaining from two 10 nine and three
quarters points per day. but today,
Just before the opening. the word
went around that a contract for war
supplies aggregating s65. coo, 600 and
SI5.oo0.oo0 had been signed over
night. The war order fever became
contagious and spread like wildfire to
the securities OF every company which
owned equipment fitted Ia. maze
shrapnei or any other sort OF an ex-
plosive shell.
Other Orders Secured.
shares of tho New York AIR Brake
Company, which was reported 10
haze received a big war order. shot
upward seven points at the opening
to eighty-ffve. later advancing TO
nine-y-six where they closed with
an advance of eighteen points for the
day Republic Iron and Steel. COM
mon. advance 5 L. points and closed
at /. "a, a net gain Of IA points
for the day. Pressed Steel Car, COM
mon, advanced three points and clos
ed up two points; American Car and
Foundry gained three, and Railway
Steel Spring 10 points for the day.
Bethlehem steel, common, closed
with a net gain for the day OF . is
points. at 13a as.
An official of the American Loco
motive Company said today that his
company was negotiating for a large
order for shrapnel ana other explo-