Massachusetts and New Mexico Consolidated Mining Co. - Stock Certificate
Inv# MS1770 Stock
Massachusetts
New Mexico
Stock.
The Plymouth Rock Mining Company merged with the Massachusetts and New Mexico Consolidated Mining Company to become the Massachusetts and New Mexico Consolidated Mining Company.
Mines at Eureka, Grant County, New Mexico. Formerly owned by the Owl Mining Co. Over 2 rows of coupons. A great piece of western Americana, issued during a very wild period in the development of the west. According to the information taken from the company's prospectus and printed in EMJ: The property of the company consists of the Legal Tender ledge, which adjoins Silver City and is the original discovery which lead to the settlement of Silver Flat mining district. The amount of ore in sight in the various shafts and drifts is estimated at 2,000 to 3,000 tons. Already there has been expended upon the property over $16,000 foot timber shafts, drifts etc. 216 tons of ore were sent to another company's mill and returned 24,229 ounces of silver, value about $26,000, being the average of $124 per ton. This ore was transported by ox teams for which $9 per ton was paid, in addition to $30 per ton for milling. (Ref: Burchard 1883 p 575; E&MJ 1879 p300.)
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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