New-York tribune., 1904-10-16
A DEAL
PENDING
Powerful Interests QuietIy Buying
American Nickel Stock on
the Curb Market.
Some Facts About the Valae Of This
Stock. Officials Reticeat, They
Will Not Affirm Nor Deny.

Shrewd observers Of the trading in American
Nickel stock on the New York curb market
agree in the opinion that there is masterful
manipulation going on IN American Nickel to
keep 1t down below 50 share. while accuuu-
lation Is quietly in progress by some powerful
interest that is absorbing all stock offered with
out bidding for it,
Mr.. john Leighton. vice-presideut. says;-''I
VIII neither affirm nor deny the story that the
Z. S. Steel Corpora ton or the Rothschilds So
ctete Nickel are seeking controlling interest in
American Nickel
Il viii say however. that declined the offer
OF Mr.. Henry Larbeau. to let him handle the
property to make It turn out 10000 tons OF
nickel q year. so that ne could sell 1t TO the
Rothschilds for S1OOOOOO0 This price would
only be 500 a share for the entire capital stock
The value Of American Nickel stock is about
TO be made known TO the general public. who
will after u while gladly invest in It at $50 a
share. American Nickel will have about the
same history as Calumet and HecIa-"
(AIr- Leighton formerly owned one-half OF the
entire capital stock Of the Calumet and Heca
Copper Co. This stock went up steadily from
81 share to $500. and has paid SS50O0OOO in
The head of a leading New-York Stock Ex-
change commission house says; I'VE never talk
about orders; but this Instance have
permission TO say that present prominent otd-
cial Of Calumet and Hecla has bought American
Nickel stock for investment and has written a
letter saying: I viii not sell IL under $50 a
eral interests OF American Nickel I"
In his weekly letter from the American Nickel
mines al Nickel. Nevada, Superintendent Charles
Bell reports, October 4.-"'The work on the shaft
tas progressed rapidly. There is no doubt as
10 the future success. I feel much encouraged
with the outlook. I did not expect TO get
trace OF mineral for 100 TO 200 feet, and yet
finding nickel in the contact at this time and
depth. This Is a sure Indication that the min
val mill form he yx-1ff Of he
your property VIII be worth four times its pres
ent value From present outlook l am more
than satisfied that our work will open the ore
bodies below within much quicker time than
expected"
Mr.. George W. Dunn. president OF the Ameri-
can Nickel Co, says.-''Tris news is very graft
fying to the management The shaft referred TO
is being sunk from the lower 200 foot tunnel
Above the main tunnel there are four other tun-
nels connected by shafts, wines. upraises. SC
COsme Puig, the eminent French mining en-
gineer and expert, says in his report:-"The ore
IN the five veins already exposed and assured
amounts TO S6.OOO tons. that VIII average I0[3
per cent nickel Taking nickel at 80 cents a
pound. this gives over S1BOOOOtO worth OF ore
above the main tunnel"
In Professor Turner's report regarding his To-
cation ana discovery OF the great mother de-
pOsit below the main tunnel, he says-'I have
conseTvativeiy figured the amount OF ore which
We are dead sure Is now proved to exist In this
mine and without going down another foot.
there are 10000 tons that viii average 10 per
cent nickel. worth over SlSO,Ob,UOO IL gives
a value OF $3.50 a share on each share or
American Nickel stock This is solid fact; no
EuessWork"
Mr. D. j. Noyes secretary OF the company
says:-'I have nothing to say about the ru-
mored change OF control. have been away six
months, have Just returned from the mines The
work there is progressing spleudidly. We are
doing but little work on our other three mines
or the town site yet. as most Of the work
s!sts in developing and exposing the great bo-
nGrza OF high grade nickel ore below the 200
foot tunnel in our London mine
a prominent steel maker says;-'It Is known
rH~af 4Tgf
dinary steel steel itself IS superior to wrought
iron. an alloy OF nickel with steel makes steel
lighter stronger ana makes II last hve times
longer. I believe that some one or the great
steel makers will gladly pay $40 or $50 share
for control Of American Nickel, this company
owns the only nickel mines in the United States
and this metal nickel outside Of it's innuuerable
In the industrial arts. must soon become
OF colossal Importance in the manufacture OF
nickel STEEL
David Grey says:-''For a long time have
noticed that whenever American Nickel gets
near 50 a share on the New York Curb market
some interest knocks IL down two or three points.
This has happened at least twenty times in the
past few months. But II don't stay down. Some
body seems to keep buying It whenever It sells
of. Some powerful interest must be accuruu-
Iating American Nickel. but so far I cannot be
sure enough 10 say definitely whom believe IL
TO be- I am well aware or the solid intrinsic
value OF the stock. The greatest mining en-
gineers and experts in the world say It is IN
trinsicaliy worth S10o share, and Will inevta-
bly, sell at 500 in time / hold my stock tor
lcng pull. I care nothing TOR temporary market
fluctuations. know sooner or later It is going
away up
The company own all the mines machinery.
buildings electric plant. town site &c. under an
impregnable title certified and Coufiru-ed by the
L. : Circuit Court and the T. 5. Supreme Court
et WASHINGTON. There IS no litigation what
ever and the annual balance sheet 10 be Issued
next month VIII show u solid financial condition.
no floating debt. no bonded nor mortgage In
dehtedness OF any kind and Il hand ONE sur
plus in the treasury. There is railroad. In
dustrial or mining stock in the market to-day
Z hat hos hgrll a
Nickel. Exchange.