The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-29
WESTINGHOUSE HAS
A NEW RIFLE ORDER
Now Working On an Addi-
tional War Supply-Will
Not Specify Amount.
FUSE CONTRACT PLACED

Directors Of the Westinghouse Electric
and Manufacturing Company at their
meeting yesterday practically concluded
negotiations for an additional order of
rifles. Guy Z. Trip OF the company
made this statement:
Our proposal for an additional num-
Der has been accepted. The details OF the
contract are now being worked upon"
Whether the additional order meant
100000 rifles or 100000 Mr.. Trip re-
fused to say. He also referred to his
formal statement as the final WORD In
the matter In reply to inquiries aoou,
the total number Of rides for which
orders have been placed vita the COM
pany. This has never been definitely
stated. 1t has been established on the
authority OF directors that the company
has concluded the original order for
1000. 900 rifles at s26.T5 each. This
10 far is the only tning in Westinghouse
war order affairs that is certainly known
in Wall Street.
For some weeks a second order OF
similar size has been looked upon in
Wall Street as practically concluded
Slf. 4TlpP : stsNtA'a - "-
terpreted by the stock market com
munity as one for $1,000 rifles In ad'
dition to the 1000. 900 already believed
TO have been contracted for. The con
s~ervatives, however, drew the conclu'
sion that Mr.. Trips statement con
cerned merely the C order OF 1000
900 rifles, about which Wal Street hai
known for some weeks and discounted.
1t Is learned on the authority OF
prominent directors that In tie origina
negotiation with Great Britain for r!he'
that Government received the option OF
1000, 900 rifles to be exercised II snt
when II wished 1t is believed that be
fore the war Is finished the iuI optio'
will nave been exercised
The reported order for $50 ,O0e,oOo oi
war munitions placed with the General
Electric Company within the last two
DAYS. IL WAS said on high authority
Yesterday. had been exaggerated. Inc
truth Of the matter Is stated by those
close to the company's AFFAIRS 10 De lha'
the Russian Government has placed VIII
the orders for shrapnel, mgr
explosives and a miscellaneous Noriety
Of munitions, the total price oil which
IL is said, viii be somewhat less thar
S27, 900 ,000. This Is the first big oiree,
order for war munitions the Genera
1 EltCEiC ,pIilldas "'
IL has done some work in turning ans
finishing shrapnel on s~uo-contrac
orders.
Many rumors that could not be SUD
stantiated were ahoat Ia Wall street
Yesterday to account for the WILD
speculation In Crucible Steel. Ths
most popular OF the reports, ~hicf
spectators did not take time even te
choose from, included stories of buyint
by Charles NJ. Schwab and associate:
for control to make the company q
part Of the Bethlehem Steel Corpora
ton and of buying for control by j. l.
Morgan & Co, and others. This latter
story had 1t that the Morgan firm !.
planning to develop Crucible Steel
which already makes big guns. into &
great munitions plant to rival Bethiehen
Steel in order to be in a position TO ge'
a great part OF the armament work FOL
the United States Government after TIL
army and navy extension plan of ma
tional defence is passed on By Congress
A contract, reported TO amount to 80,
00O. 900 for fuses, Is said to have beef
recently placed with the lnternationa
Fuse Company by the Shell Commission
OF the Militia Department of the Cana
dian Government. 1t is said that $500,
600 Of this has been sublet to tn
keystone Watch Case Company o
Philadelphia.