New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-09
Financial.

AMERICAN \
NICKEL STOCK
1t is the opinion of many expert judges OF
values that these two special stocks are a sure
and safe purchase for large profit. U. ). steer
Pfd is dealt in on the Stock Exchange. and IS
now established sure per cent DIVIDEND
paying investment stock that will sell at par.
There are not enough plants in existence to
supply the demand for steel that is coming IN
the next five years. Steel and especially nlckel
steel. will be needed more and more In all new
construction. The American Nickel Company
own the only nickel mines in the United States
and can produce nickel for less than 10 cents a
pound. Nickel is selling at 80 cents a pound
Many prominent men say that there Is no
railroad, industrial or mining stock in the mar
ket to-day that has brilliant and profitable
a future American Nickel.
This stock is dealt in on the New-YorK
Curb market, and all bankers and brokers ex-
ecute orders in it. The entire capitalization IS
only S5,OO000O, divided into 100000 shares par
value $40, full paid and worcestershire. No
Shrewd observers of the trading in American
Nickel stock the Curb market agree IN the
opinion that accumulation is quietly in progress
oy powerful interests that absorb all stock Of
fered. Leading banking houses have been
steady buyers for several months.
Mr.. John Leighton, e-president says:
Il will neither affirm deny the story that
the q. S. Steel Corporation the Rothschids
Societe Nickel are seeking controlling interest
in American Nickel
Il will say. however. that declined the offer
of Mr.. Henry Marbeau to let him handle the
property to make it turn out 10000 tons of
nickel year, SO that he could sell 1t to the
RothschIlds for $1O,000OOO. This price would
only be $50 share for the entire capital stock.
The value of American Nickel stock is about
to be made known to the general public The
floating shares on the Curb market viii sell at
high figures soon. American Nickel will have
about the same history as Calumet and Heca."
CIr. Leighton formerly owned one-haIf Of the
entire capital stock of the Calumet and Hecla
Copper Coz
Mr.. Leighton says:-'The American Nickel
Company can make nickel at less cost per pound
than Calumet and Hecla can make copper.
Nickel is selling for so cents per pound,
copper for ii cents. 1 advised people TO buy
Calumet and Hecla stock when 1T selling
around 81 a share. tt has paid SS5,00O.O0O in
dividends and has sold up to $500 share while
producing and selling copper at from 10 to II
| cents a pound. American Nickel will have the
! same history while producing and selling nickel
| at from 40 to 80 cents a pound Over S24U.OOD,-
| 600 worth OF ore has already been taken out of
| the Calumet and Hecla American Nickel has
great virgin bonanza nickel mines ready TO pro
| duce millions. 1t is very much greater and
more valuable property than Calumet and Hecla
| was at the same stage or its career. l advise
my friends TO buy American Nickel stock.
| know II will pay from So to $40 a share in
| dividends yearly and the stock will sell at 500
a share in time. I have often been to the mines
| and have seen the immense, inexhaustible bO-
nanza Of high grade nickel ore that is exposed
| there after years of development work. They
| are the only nickel mines in the United States
| and the only nickel mines in the world that
| produce high grade
THE ore in the New Caledonia and the Ca
| madam mines yields an average of ia per cent
| nickel; the ore in the American mines yields
| an average of 151a per cent nickel; hence they
| can produce nickel at q cost of only cents
pound, while It costs the foreign mines %
| cents a pound to produce 1t. With the tariff
| duty of cents per pound nickel the foreign
mines have no possible chance to compete
| with the American Nickel Company, who have
a natural monopoly of the trade in the United
States"
A prominent steel maker says: ut is known
now that nickel steel is much superior 10
ordinary steel as steel itself is superior to
wrought iron. An alloy of nickel with steel
| makes steel lighter, stronger, and makes it last
five times longer. l believe that some one of the
great steel makers will gladly pay $40 or 500
a share for control of American Nickel. this
company owns the only nickel mines in the
United States, and this metal nickel. outside
| OF its innumerable uses in the industrial arts
must become Of colossal Importance in
| the manufacture of nickel steel.
In addition to the order for 1900 tons Of
nickel steel plates received about a month
ago, the officials of the Carnegie Steel Co ad
nit having booked orders for 1900 tons more
| TO he made of the highest grade of nickel steel
Mr.. George W. Dunn, President of the Com
| p0ny. has been we'll known in banking circles
| for thirty years careful, level headed inan-
cier, man of sterling integrity. He and Mr.
Leighton were the leading, pioneers who devel-
! Oped the now great copper industries of Ari-
IONA Mr.. Dunn organized and was the first
president of the Old Dominion Copper Company
! Under his able management the stock rose from
| 81 80 to 1853 Where Indians and wild ami
supported by the copper industry. Mr.. Dunn
| says:-"At present the public as unaware
| about there being any nickel in Nevada as
| they were about there being any copper in
| Arizona Montana years ago. We will give
| them plenty of information about nickel
| shortly"
The reports of the many mining engineers
and experts who have examined the mines for
! foreign syndicateS who wanted to buy them
will soon be in print. These men, James +.
Lyon, E NJ; Cosme PUG, e. M; NJ KnOetzer
f, NJ; Chas. Bell q. NJ, and c. p. Turner
+. NJ, the greateat authorities in the world
on nickel. Professor c. p Turner, z. NJ.
says:-"Without going down another foot the
already exposed in sight will pay annual
dividends of from So to SIS share for the next
90 years
The head of a leading New York Stock Ex-
change commission house says:-"We never
| talk about our orders; but in this instance we
have permission to say that a present promi-
American Nickel stock for investment. and has
written letter saying:-I viii not sell IL under
$50 a share and will do all I TO further the
general interests Of American Nickel :"
The president of a trust company SAYS
There are over 800 stockholders. We all have
strong confidence in the mana cement; il is ex-
perienced, capable and honest. The low quo
tatiOns for the floating stock the New York
Curb market will vanish. Its real value is
sure assert itself
u hold my stock for . long pull I care moth
ing for temporary market fluctuations. I know
sooner or later il is going away up.
The company owns all the mines machinery
buildings electric plant, town site &c under
/ cult Court and the L. :. Supreme Court a.
Washington. There is litigation whatever
and the annual balance sheet. TO be issued next
month. viii show a solid financial condition, no
floating debt, no bonded or mort gage indebted
ness Of aay kind, and a handsome surplus
Exchange