New-York tribune., 1919-11-05
keening Public Informed

One of the directors was asked to-
day to explain the rise of this yer
which has made Cruciblc the grea'
"peacc BABY of the financial wo d.
The stock Of the Cruciblc Company.
which was organized in 1900 as n me-
ger of existing. plants sold as low as
S312i9 a share in 1901. and unti this
year never brought more in the open
market than l097s the II gh mark al
taincd during the war boom OF f9l5
The last sale in Cruc % e on Monday
US made at S2A5 share. In October
the stock was put or a y per cent
j '''toad heeis 'Nstoad Of 6.
The former management - the
director replied did not let the public
know fully about the real condition of
the company. and its new worth was
not understood ny outsiders More
over. ! d. not thinl, that the old gr9rp
really had ,hc confidence Of The com
0aNy. Now that m m Of unusual sand
in, In indestrial nd Gnarcia ciic IS
are in control, the !n.os'ing public has
aew fidclcc Fra tfe prospects Of the
mnynN And the nov pr icy ef frcer
publicly has enabled outsiders better
,o roe.l7l the eNt.nt Of the great sur
NHs Nuil, uN during the War
The directors rcccni ndica, d
tha they do no consider thc tendency
~ the stock unreasonable 5v doubling,
he dividend basis You ask whe,hcr
the rise Of the stock was due 10
squeczln~ The shorts. have often
heard that explanation given, but re
gard it chiefly as bunk
stock Dividend Contemplated
II VS. au.Aoritatvciy ascertaincd
that the directors Of the company are
considering declaring a stock dlNi4csd
md s,,fr la.
20 hand down It's decision as to whether
such dividends are taxable Ii was in
olcatod that the current earnings of
the company are large enough to Jus
uiy this. No cNact Hgures were men
TONED tor publication. iuasmuch as the
annual report rar the seal year, which
closed on August 81. is now in prcpa-
ration an,! viii soon bc is ued.
Mr. harton the president, in cx-
blaming the general character of the
CruclOie company, brought out She facl
mat II speclalzcs in those branches Of
me steel business which have been
most prosperous since The signing Of
ne armlsAcc, and that it makes abso-
lutel no steel rails or structural steel
TWO important products which have
oeen IN comparatively hight demand
ne company concen,iatcs IN steel
or ali commercial uses. and in Than
e-F' OF the industry there has been
reat ac' ivity he C.ucibic Company
as furnished large quantities for stceI
&utomoolc parts. for example.
tter months Of adjustment to after
he-war couditioMs the company. il is
asserted, is just now bcginn ng to run
Csc TO the peak of production A.
alnod during the war, when the ca
paclty Of the plants was tremondousll. :.
increased. The Crucible Companv. me-.
! cordlng 70 its officers. has been little
affected by the steel strike.
tompan, Owns Coal Mines
Besides twelve steel mills. the com
pQnN, which IS thoroughly integrafed
owns tive coal mines in PENNSYLVANIA.
limestone Quarrics, q boat line for
transporting coal in barges from the
mines to the plants. and an industrial
railroad IN connection With the mills.
Moreover large by-pYoduct coke plant
now under construction In adapting
the producing capacity os the company
10 peace conditions. the company has
planned many additional expenditures.
Actually all Of the companv's present
BUSINESS, It was said. consists Of do
nestle orders. The deDrec alton of for
eIGn exchange rates according 10 Mr.
W harton, has cut off FOREIGN business
which before the war was considerable