Kelham Rolling Mills Company, Limited - 1873 dated Foreign Stock Certificate
Inv# FS2590
Stock
Stock with red seal. The Kelham Rolling Mills comprised a steel rolling mill and tilting forge, first listed in the 1839 Trade Directory as ‘William Charles, Sons and Travis: Kelham Rolling Mills’. By 1853 ‘John Charles’s Kelham Rolling Mills Company Ltd’ is listed in trade directories as occupying the rolling mills. Between 1853 and 1890 the factory expanded to the west, and the buried topsoil seen in various places was overlain by tips of industrial waste including clinker as a levelling layer. The preparation of areas with industrial waste prior to construction was a common occurrence during this period, as the clinker provided a highly compact and porous layer for foundations and flooring. Read more at https://www.wessexarch.co.uk/sites/default/files/76020_Kelham_web.pdf
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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