Melrose Mining Co. - Stock Certificate
Inv# MS1399 Stock
MELROSE MINING CO. WASHINGTON Address: Boundary, Washington. Officers: Jos. Cohn, pres.; O. M. Mathews, v. p.-mgr.; Sam Edelstein, sec.-treas., with J. W. Smyser, and F. M. Nudell, directors. Inc. February, 1918, in Washington. Cap., $500,000; SOc par; issued 275,000 shares. Property: 2 claims, including the Maple Leaf mine, near Boundary, Stevens county. The vein, encased in schist, dips 45° E. and carries shoots of copper and lead ore; one 40' long, is 8' wide, carries ore averaging $100. Development: by 1,000' tunnels to depth of 750', with 2,000' of workings. Reserves aggregate 2,000 tons of $20 ore. Ore shipped in 1919 averaged $98 per ton, with value of $8,000.
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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