Farr Alpaca Co. - Stock Certificate
Inv# GS6036 Stock
Stock printed by American Bank Note Company, New York & Boston. Company located in Holyoke, Massachusetts.
The Farr Alpaca Company was a Canadian and subsequently American textile manufacturer specializing in alpaca and mohair worsted woolen products. Established initially in 1864 as the Randall Farr Company in Hespeler, Ontario, the company was subsequently moved to Holyoke, Massachusetts to avoid tariffs brought on by the Wool and Woolens Act of 1867, and was established as the Farr Alpaca Company in 1874. The Farr family managed to build the company into a dominant brand in the woolen goods market in large part by relying on secrecy; rather than patenting machinery, the company would make use of machine shops with familial ties in the city, paying laborers well and keeping knowledge of components limited across units, such that no one worker could completely duplicate their processes. By the beginning of the 20th century the company had the largest alpaca woolen mill in the world and was a dominant producer in its industry. Unable to adapt to a changing market, the company eventually ceased production in 1939, and was formally dissolved by 1942. The company is remembered today for its role in the creation of the first professional soccer league in the United States the American Soccer League, as its Farr Alpaca F.C. served as a direct predecessor to the Holyoke Falcos, one of the league's founding teams.
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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