The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-17
MORE STOCKS
SOAR ON NEW
WAR BUYING
Jumps in Wild Market Here
Rival That Made by
Bethlehem.
IISH ON REPORTS OF
MILLIONS IN ORDERS

I'll. sensational performances of Beth |
,,,.m steel were eaualled, II not out
Anne. Yesterday in a rise in equipment
.onrany and steel company stocks
u.s,ch has not been equalled on the stock
exchange for many years. The initial
ia. in Bethlehem was an orderly one
.,rnared 70 the wild market on the
stock Exchange yesterday morning. born
n, an overnight accumulation OF war
orders" which for size and for glow
Ia, descriptions OF the profits to come
we-. without equals.
Tho scramble in prices was led BY
American Locomotive. which opened at
90 10 points up from Thursdays close.
The stock has been unusually strong
sor me last few days. gaining from
to %. points per day. but yesterday
ms, before the opening. the word went
around that contract for war supplies
,ssregating between sS5.0o0,0o0 and
5000, 900 had been signed overnight.
Til, war order fever became con-
.sious and spread like widfire to the
securities OF every company which
oxned equipment fitted to make ehrap-
nd or any other material for shells.
Shares Of the New York Air Brake
Company, which was reported to have
.s..iyed a big war order. shot upward
points at the opening to So. Later they
advanced to sS, where they closed with
an advance OF Is points Cor the day.
Rspublic Iron and Steel common adj
yanced 81. points and closed at 81 y. a
no, gain OF "a. points for the day.
Pressed Steel Car common advanced
points and closed up points. Ameri-
can Car and Foundry gained and Rail-
yay Steel Spring IA points for the day.
Bethlehem steel common closed with q
ne, gain for the day OF 3Ls points At
l3ss.
Tell. Of Big New War Order.
An Official of the American Locomo-
tive Company said yesterday that his
company was negotiating for large
order for shrapnel and other explosives
,or the Russian Government. which
would aggregate between S65,OOO.OOo
and $4,000. 900. The negotiations, he
said, were being carried on for the
Russian Government through j. +. Nor
gan Co. The company does not wish
10 tie up all OF its plants, said the on
csl, because II wishes to be prepared
20 case orders for locomotives and
other railroad equipment come in. For
hn la
the order will be pared down somewhat
and apportioned among certain other
companies The locomotive company
will make the shrapnel castings. forsings.
bullets and everything but the powder.
IL will get its money whether the war
continues or not. according to the agree
men- The deliveries will be made n
monthly periods and extend over per
iod Of years. This is not the first con-
tract which the company has obtained.
one for about sS00O0.000 having been
made more than four weeks ago. The
company has already purchased 100000
aorth Of machinery for making shrap-
lel.
In some equipment and industrial cir
cles the dsposi;ion was to believe that
ne actual order received by the COM
pany was not as large as reported. as
% was recalled that the Canadian Car
and Foundry Company mad received an
10000, 600 shrapnel and explosive shell
order from Russia and plans soon 70
deliver 500. 000 shells per month.
The reports responsible for the rise In
New York Air Brake and Westinghouse
Company stocks were that they had re-
,eNed orders amounting to some Sl2o,'
100000. The American Car and Foun'
dry Company. the Pressed Steel Can
al
psny and the Republic Iron and Stee
Company. together with other concerns
we're reported TO have secured wal
orders of their own or to have beer
handed large portions OF some mor'
Ompsnys orders TO hasten the work
seldom has wall Street heard ant
ihr'vod upon such a crop OF rumors
WIN divide with Others.
Senator Nathaniel Curry. president o
The Canadian Car and Foundry Com
pany, said last night that his company
oder. which amounts to some $4,000,
"00 and which is being parcelled on
fmoug forty or more Canadian ant
American concerns, calls for 2,OOO,OO
'1rapnel and $500, 900 explosive shells
Hsf Of he contract for explosive shell
'l he shared by the Westinghouse Al
bIake company, the New YORK Al
Brake Company and one or two othe
oncerus Half Of the contract for $500,
NOO shrapne has been sublet to betwee
forty and fifty American and Canada
concerns, OF the order for 2,ooo.oo
shrspnel already placed the Unite
states Steel Corporation is TO furnis
$1,000 600 worth OF steel and iron forR
ngs The American Car and Foundr
COMPANY also gets about 81 100000
worth OF business. The Lackawann
N'eN Corporation is also TO supply som
steel for shrapnel.
80 erratic was the market FOR Amer
can locomotive common at the openir
that many interesting anecdotes are tol
| 'egardlnc il. The stock has been risir
steadily for several days, gaining
points on. day. ) the next, and on Thur
daN m a feverish market it advanced -
points 10 igt, Thus the net gain II
ne week up TO Thursday night WI
| f1pI y points As a result mar
brokers' adj orders 10 buy or sell at Il
market al Yesterdays opening.
One broker had an order from 10
,sn client 10 sell 200 shares at n
lower than 50. The market opened
Wild scramble from 90 to 6S. II
broker cot 81 for his customers stoc
mus making $4,000 which his custom
Gid not expect to get. Another brok
had orders to sell 100 shares short
me market, lie did so at 81 only to
me stock 20 TO 6S. yet 30 violent we
ne fluctuations at the opening that N