Santaquin Chief Mining Co. - Stock Certificate
Inv# MS1587 Stock
Stock. Salt Lake City, Utah. From Mines Register 1920:
SANTAQUIN CHIEF MINING CO.
UTAH Reported merged with Santaquin King to form S. Cons. q. v. L. A. Martin, pres.; C. E. Martin, sec.-treas., at last accounts.
Inc. April 29, 1911, in Ctah. Cap., $100,000; shares 10c par; assessable. In treasury, April, 1916, 176,993 shares stock and $476 cash. Total debt reported as $1,955. Formerly listed in Salt Lake City.
Property: 7 unpatented claims, in Santaquin mining district, 65 miles S. E. of Salt Lake City, several miles from a railroad, and adjoining its twin brother, the Santaquin King on the south. Is said to show limestone cut by a well-defined fissure vein carrying silver-lead ore containing zinc blende.
Development: consists chiefly of 250' of tunnels with 225' of winzes. One tunnel is said to show 3 of lead-zinc ore. At last accounts a contract let for extending the main tunnel 300%. Property is a prospect, but not in the “preferred" class. Idle in 1918. See Santaquin Cons. Mines Co.
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.
Ebay ID: labarre_galleries