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Nevada-Utah Mines and Smelters Corp. - Stock Certificate

Inv# MS1338   Stock
State(s): Maine
Nevada
Utah
Years: 1907-11
Color: Blue or Brown

Stock printed by New York Bank Note Company. Superb Graphics! Please specify color.

CONSOLIDATED NEVADA-UTAH CORPORATION NEVADA Office: 63 William St., New York. Mine at Pioche. Lincoln county, Nev., and Frisco, Beaver county, Utah. Officers: Chas. H. Clarkson, pres.: Win. B. Randall, treas.: Wm. F. Roberts, sec.: Jos. W. Kay, F. A. Dillingham, W. J. Palmer, directors. H. R. Van Wagenen. supt. Inc. 1913, in Virginia. Cap., $6,000.000. shares $3 par; issued $3,936,396: in treasury. $1.163.604; reserved for bond conversion, $900,000: authorized bond issue $90.000, 1st mtge.. 6%; issued. $499,867. Company without funds, and was unable to meet interest on outstanding bonds, May, 1919. Property closed down since 1918. Shares listed on New York Curb. At public auction in N'ew York, on Dec. 10. 1919, 1.200 shares were sold at $60 the lot, and $1.400 bonds for $55 the lot. Company is a reorganization of the Nevada-Utah Mines & Smelters Corporation, which went into bankruptcy in 1912, and whose holdings were sold under judgment proceedings for $100.000 to the new company. Stockholders in the old company who subscribed 50 cts. in cash for each share held, and deposited their old stock, received bonds for the cash paid by them and 200 shares of stock in the new company for each $100 subscribed. Property: 3 groups of mines, owned through control of subsidiary companies; the Pioche group at Pioche. including several productive mines that are largely developed : the Imperial group at Frisco, including the Comet mine and the Last Chance at Bingham, Utah. The Amalgamated Pioche Mines & Smelters Corp., organized to operate the properties of the Cons. Nevada-Utah has been inactive since 1917. Part of the holdings are leased to Uvada Copper Co. and sub-leased to the Black Metals. Inc., and the Combined Metals. Inc.

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $50.00