Schuylkill and Oil Creek Oil Co. - Vignette of Philadelphia Exchange - 1864 dated Stock Certificate
Inv# OS2095 Stock
Stock printed by T. Sinclair's lith., Phila with 25 cents revenue stamp! Civil War era dated! Vignette of the Philadelphia Exchange building. Uncancelled and not negotiable.
The Philadelphia Stock Exchange (PHLX), currently referred to as Nasdaq PHLX, holds the distinction of being the first stock exchange established in the United States and is recognized as the oldest stock exchange in the country. It is owned by Nasdaq, which purchased it in 2007 for $652 million, with its headquarters located in Philadelphia. Founded in 1790, the exchange was initially called the Board of Brokers of Philadelphia and was occasionally known as the Philadelphia Board of Brokers. In 1875, the Board of Brokers adopted the name Philadelphia Stock Exchange. In 1949, the exchange merged with the Baltimore Stock Exchange, resulting in the new name, Philadelphia-Baltimore Stock Exchange. Subsequently, in 1954, it merged with the Washington Stock Exchange, leading to the designation Philadelphia-Baltimore-Washington Stock Exchange, commonly abbreviated as PBW. In 1969, the exchange further expanded by acquiring the Pittsburgh Stock Exchange.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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