New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-25
- tUUYtCfut.
Going :
US. Steel Pfd.
And
American
Nickel Stock


1906. There are not enough plants in existence
to supply the demand for steel that must come
in the next five years for all new construction
Steel and electricity will dominate the COM
ing age, as iron and steam have the past All
cities are fast rebuilding with steel. Bridges,
ships cars are being built Of steel. Railroads
are using 40 per cent. of the present produc-
ton.
The problem Of the future seems to be to
find n substitute for steel, or, by the mixture
of other elements such as nickel, with steel to
prolong its wearing qualities. An alloy of Il
small percentage Of nickel with steel makes
steel lighter, stronger and makes IT'S wearing
qualities last five times longer.
The present very" high price or this metal
nickel limits and prohibits its use in innu-
merable ways, although the dtscovery-that
nickel steel is as much more valuable than
mild steel as steel itself IS superior to iron-is
of tremendous importance IN the Hechdnlcdi
and industrial world.
Nickel is a metal superior TO copper for every
purpose except perhaps, in the field or cleo
tricity. But the price Of so to go cents pound
for nickel prohibits its general use at present.
There have been only two nickel producing
companies for many years, both foreign-one
IN New Caledonia, the other in Canada. These
two foreign producing Nickel Companies have
large captalizations. One has 100000 francs
in bonds and 100000 francs in stock, selling
at go francs q share on the Paris Bourse.
The other has $12,00O.000 in bonds, quoted at
sly: about S10,000.OQ0 preferred stock, quoted
at S2S, and S10000O00 common stock quoted at
SO. These two companies dictate the price
Of nickel at present 1t costs them p cents
pound to produce nickel from their 31a per
cent. ore.
But giant competitor is looming up.
There are four great nickel mines in Nevada.
owned by the American Nickel Company. that
show inexhaustible quantities Of high grade
ore. exposed after many years of quiet develop
ment work. 1t will cost them only or 10
cents pound TO produce nickel from their -
per cent. ore. Much or the ore VIII NleId ~
10 30 per cent. in nickel.
Before the American Nickel Company bought
them. these mines We're especially developed
for the purpose Of selling them 10 European
capitalists. as few persons in the United States
knew anything about nickel Miners i'll Ne
vada were then looking for gold and silver,
little dreaming that nickel mine in the United
States meant great bonanza for shareholders.
The great COmstock Lode. situated not far
from the American Nickel mines, produced over
5000 900 from ores that averaged $40 ton
in gold and silver, and the various ComstOcb
shares went up from 81. 50 and IS to $500,
500 and 1000 a share, and paid enormous
dividends
What record will American Nickel stock make
with rich nickel that averages $3.50 n ton?
The future price of American Nickel stock on
the New York Curb market will answer this
question sooner or later.
Sensat OnaI. ridiculous attacks by hired, ig
norant scribblers caused thousands of shares
scared holders Who We're the buyers? Wall
Street will be surprised when it finds out
later on.
The floating shares are now being tossed
around below So About nnety-five per cent
of the traders in American Nickel the Curb
are as ignorant and skeptlcal of its value
future they We're few years ago about
Union Pacific at 81, Atchison, Baltimore
& Ohio, Reading or Missouri Pacific at from
S. to SO a share How about these stocks
now?
Mr. John Leighton, who formerly owned one
half OF the capital stock Of the Calumet and
Hecla Copper Company, says: American
Nickel is n more valuable property than Calu-
met and Hecla was in its beginning" Calumet
and Hecla stock went up from 81 a share TO
over 5000, and has paid S5O00000 in dividends
so far
Now American Nickel stock is about to show
what il can do.
The American Nickel Company offers no
stock for sale.
1t is in safe. sound financial condition-has
no bonded nor mortgage Indebtedness of any
kind and has no floating debt. The Balance
Sheet dated December - 1904. just completed
by Mr.. Albert Z. Little, the we'll known Certi-
fed Public Accountant. shows this statement
is correct and in accordance with the books"
1t owns four nickel mines. buildings. machin-
cry, electric plant and town site &C. at
Nickel. Churchill Co., Nevada, under impreg-
nable title. confirmed by the L. s. Supreme
Court at Washington.
All the officials, except the superintendent
serve without salary until the stock pays cash
dividends.
The American Nickel Company is only CAPT
talized for $5,OOOO0O divided into 100000
shares, par value SO each, full paid and non
assessable.
The stock is quoted on the New York Curb
Market at present below s. share.
There are nearly 600 stockholders. over 100
Of whom are we'll known presidents and
cashiers Of National and Savings Banks and
Trust Companies. Much of the stock is held
by manufacturers, merchants, professional men
and investors throughout the Middle and East
ern States.
There Is substantial reason 10 believe the
stock will sell at $50.
a present prominent official of the Calumet
and Hecla Copper Company has bought the
stock for investment and has written a letter.
saying: Il Will not sell under 500 share and
will do all ] can 10 further the general inter
ests Of American Nickel"
American Nickel stock represents ownership
in the most valuable mines in the world that
show enormous amounts of rich nickel ore.
The ore in sight is almost as good as cash in
bank here No one can steal 1t and ire cannot
burn 1t. Smelling and refining plants will
convert it into substantial dividends for stock
holders. There Is no railroad, industrial or
mining stock in the market to-day that has so
brilliant future as American Nickel.
Whether people buy as spectators as
investors. SOONER or later they must race the
facts, and the fundamental fact in a mining
enterprise is the known quantity of ore in the
mine.
The greatest expert authorities In the world
have examined the American Nickel mines.
Their reports state the known quantity OF ore
developed win nav from So to $1S a share
annual dividends on the stock for the next
twenty years. according to the size OF the
reduction plant.
All bankers and all members of the various
stock exchanges in principal cities execute
orders = -. md sell American Nickel stock