Ogden Daily Standard | 1902-03-24 | Page 2 | Schwab and Associates Buy Canadian Nickel Mines

SCHWAB AND associates BUY CANADIAN NICKEL MINES new york march 22 it is reported says a toronto dispatch to the new york herald that 0 W schwab of new york and several financial associates organized a company with of capital and had obtained control of the canadian copper company of cleveland the orford copper company of new tersey and the nickel company of paris france the department of mines will not be necessarily informed officially of these deals the new company applies for the bonus on nickel plate or deserea any change in the conditions of the of the two first named companies each of which possesses very rich nickel mines in the sudbury district of ontario the report of the combination has I 1 been received with great equanimity because the mining leases are held under the ontario government which has power to dictate the terms under which the ore can bo exported the tendency for alic last few years has been to force the manufacture of ore into nickel gradually reducing the export of ore until it is entirely stopped the dominion government ha undertaken der taken to frame its tariff on the same lines the rarig company has no mines in canada but controls the new caledonia mines so that the new if completed will control the output of nickel