New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-18
Going Up
u. S. Steel Pfd.
And
American
Nickel Stock
Financial.

| 1t is the opinion Of many expert judges OF
/ valres that these two special stocks are sure
and safe purchase fer large profit United
/ States Steel pfd. is dealt in On the Stock FIX
/ change. and is now established as sure . per
= cent dividend paying investment stock that
/ will sell above 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 nickel steel. VIII 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 pound. Nickel Is selling az
/ co cents q pound
Many prominent men say that there Is no
railroad. Industrial or mining stock In the mar
ket to-day that has so brilliant and profitable
future as American Nickel.
This stock is now dealt in on the New York
Curb market. and all bankers and brokers exc
cute orders in IL. The entire capitalization is
only S5.OOdOO0 divided into J0O0OO shares. par
value $40. full paid and worcestershire. No
bonded or mortgage Indebtedness OF any kind.
Shrewd observers Of the trading In American
Nickel stock on the Curb market agree in the
opinion that accumulation : quietly in progress
by powerful interests that absorb all stock Of
fered below So q share.
Leading banking houses have been steady
buyers for several months.
Mr.. John Leighton, vice president. says
Il Will neither affirm nor deny the story that
the L. s Steel Corporation or the ROJhsChilds
Societe Nickel are seeking = controlling inter
est in American Nickel.
Il viii say however. that declined the offer
OF Mr.. Henry MaTbeau 10 let him handle the
property 10 make il turn out 10000 tons 4
nickel a year 50 that he could sell il 10 the
ROthschildS for S10O0opOp This price would
be only $50 q share fer the entire capital stock
The value Of American Nickel stock is about
10 be made known 10 the general public. The
floating shares on the curb market VIII sell ar
/ high figures soon American Nickel viii have
about the same history as Calumet ard HecIa-"
Tcir 1a-fv- hal or
the entire capital stock Of the Calumet and
Hecla Copper Company
Mr. Leighton sGys-~The American Nickel
Company can make nickel at less cost per
pound than Calumet and Hecla can make cop
per. Nickel is now selling fer 80 cents per
pound copper for II cents. I advised people
70 buy Calumet and Hecla stock when it was
selling around 81 a share II has paid SS500O-
600 in dividends. and has sold up 10 5000 a
share. while producing and selling copper at
from 10 10 l. cents pound. American Nickel
will have the same history while producing
and selling nickel ar from ~ 70 80 cents a
pound Over 800 100000 worth cf ore has
already been taken out OF the Calumet and
Heela. American Nickel has great virgin bO-
nanZa nickel mines ready 70 produce millions.
1t is 4 very much greater and more valuable
property than Calumet and Hecla was az the
same stage OF iJS career | advise my friends
10 buy American Nickel stock I know IL Will
pay from s. 70 SO q share in dividends yearly.
and the stock VIII sell az 500 share in time.
have often bean 70 the mines and have seen
The immense lleXhauS-ibie bonanza OF high
grade nickel ore that : exposed there after
years o. Development vCrk They ara the Only
nickel mines III The United States and the only
nickel mines Il the wcItd that can produce high
grade ore
The ore N tbe New Caledonia and the Cana
dian mines Yields Al average q 31e Der cent
nickel r-e ore II the American mines yields an
average or l5lz per cent nickel. hence they can
produce nickel a a cost Of only cents Y IND.
while il COSTS the foreign mines - cents
pound 10 produce IT, With the tariff l.uty II 8
cents per pound on nickel the reign mines
have no possible chance 70 compete with the
American Nickel Company. who have "A naCu-
raj N nopoly Of the trade IN The United states
! prominent steel maker sJvs;-"IJ i known
now that n KEEL steel ! much superior %
ordinary steel as St-nI Itself i superior 70
wrought iron An alloy o. nickel with steel
makes steel lighter. stronger and makes il k4st
five times longer. l believe that some one Of
the sraar steel makers viii gladly pay S40 IT
$50 share for control OF American Nickel. Is
this com pany owns The only nickel mines in
the United states and this metal nickel outside
OF its -rnuCerabie uses N The industrial arts.
must soon become OF colossal Importance in
Tie manufacture OF nickel steel
In addition 20 the crIer for 800 tons OF
nickel steel plates received about i month ago.
the officials % the Carnegie Steel -mpany al
IaII having booked orders for 1900 tons more.
10 he made q the highest grade CT nickel steel
Ar. George ". Dunn, president OF the COM
for thirty years as careful, level beaded Imam
cier, OF sterling integrity. He and Mr..
Leighton were the leading pioneers who deTel-
Cped the now great copper industries or Ari-
IONA. AIr. Dunn organized and was The nTsr
president OF the Old Dominion Copper Com
pany. Under MS able management The stock
rose from $50 70 $3.50 Where Indians and
wild animals once rcamed there are now thriv-
ing towns supported 10y the copper industry.
Mr. Dunn says
eventually II VIII sell higher than SocieJe Nickel
stock which Is now selling On the Paris BOurse
ST ego francs Soci6r6 Nickel ore only Yields
eighty pounds or nickel 70 a ton OF ore-Sl1
per cent American Nickel ore yields over 30
pounds - nickel 70 a u OF Ore-l5lz Der cent"
The reports ~ rle many mining engineers
and experts VINO have examined the mines for
foreign Syn4icdteS who wanted y buy them
viii soon be IN print These men. James E
Lyon. T. N; COsHie PUG. T. VI. ~ KnoeJzer.
L NJ: Charles Bell. E NJ and c. r Turner. E
NJ. are The greatest authorities in The world
on nickel Profess G. T. Turner 7. VI, says
Without going down another foot. the ore
already exposed IN sight VIII pay annual divi-
dends OF from ST 10 SIS share for the next
twenty years.
The head II a leadin. New York stock Ex-
change commission house Sars--''We never
talk about our orders. bu- IN this instance we
have permission 20 say thar q present pT0Ili-
lenI official I Calumet AMI Hcrla has bought
American Nickel stock for Investment and
has written 4 letter saying. 1 VIII not sell IL
under SEQ 4 share ard VIII DO al I can 20 fur
ther The general interests II American Nickel -
The president Of q trUSJ company says
There are over JJU srOckh lters. We all have
strong confidence in the mana cement: Ia X *
perienceCk capable and honest. The low quota-
tiCns for the fcatir= stock on tGe New York
Curb market viii soon vanish. It's real value Is
sure 20 assert Itself.
u hold my stock for a long pull I care
uorking for remUg-aT-- market f'-lgrf-afiuuS I