Continuous Rail Crossing Corp. - 1929 dated Stock Certificate
Inv# RS5611
Stock
Stock. In 1904 The Continuous Rail Joint Company was founded in Canada. In 1905, the company merged with Weber Rail Joint Company and Independent Supply Company of Chicago to form the Rail Joint Company of New York. The company manufactured iron rails and other railroad products in South Troy, New York. In 1929, the company was purchased by former Rail Joint Company employee, Fred Poor, and renamed Poor and Company. In 1968 Poor and Company changed it name to Porter, Inc.
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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