Consolidated Mercur Gold Mines Co. - Mining Stock Certificate
Inv# MS3346 Stock
Stock printed by John A. Lowell & Co., Boston. August 1, 1900: The two largest mining companies at Mercur (Mercur Mines company and Mercur Gold Mining and Milling company) merged to form the Consolidated Mercur Gold Mines company. The Mercur Gold mining company had its mill (built in 1890) at Manning, and the Mercur Mines company had its Golden Gate mill (built in 1898) above Mercur. Both mills were on the rail line of the Salt Lake & Mercur railroad. The merger was announced on May 31, 1900. The sale of De Lamar's Mercur Mines company to Mercur Gold Mining was to finalized at a shareholder's meeting on July 21, 1900. The actual exchange of stock from the Mercur Mines company to the new consolidated company took place on September 6, 1900. (Salt Lake Tribune, June 2, 1900; June 28, 1900; July 21, 1900: September 7, 1900; Salt Lake Herald, December 29, 1901) Read more at https://utahrails.net/utahrails/salt-lake-mercur.php
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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