Lackawanna and Wyoming Valley Railway - 1960's dated Railroad Stock Certificate
Inv# RS1107 Stock
Railroad Stock. Vignette of bald eagle with wings extended. Rare!!! Also available in unissued for a lessor price. Please inquire if interested. The Lackawanna & Wyoming Valley Railroad, more commonly known as the Laurel Line, was a Pennsylvania third rail electric interurban streetcar line which operated commuter train service from 1903 to 1952, and freight service until 1976. Its main line ran from Scranton to Wilkes-Barre.
The line was originally owned and built by Westinghouse, Church, Kerr & Company, a subsidiary of The Westinghouse Electric & Manufacturing Company. The Westinghouse group also owned the Grand Rapids, Grand Haven & Muskegon Railway, which was under construction in the same time period. Westinghouse interests controlled the railroad until 1914. Electrification was decommissioned in 1953, as diesel operations began. It was purchased by the Delaware, Lackawanna & Western Railroad in 1957, but operated as an independent subsidiary under it and the Erie Lackawanna until its inclusion in Conrail in 1976. Sections of the line operate today for both freight and tourists under local county ownership, with talk of future commuter expansion. Read more at https://en.wikipedia.org/wiki/Lackawanna_and_Wyoming_Valley_Railroad
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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