United Copper Co. - Stock Certificate
Inv# MS1385 Stock
New Jersey
L. E. R., Parnell, Fairmount, Balm, Blackfoot and a large number of undeveloped properties. The smelting works of the Montana Ore Purchasing Company are situated at Butte, Mont., and are reported capable of treating 60,000,000 pounds of copper annually. The concentrating works were destroyed by fire during August of 1902, and as the Montana Ore Purchasing Com- pany was able to make an arrangement for the treatment of its ores at Basin, Mont., it was decided not to rebuild the works at Butte. The total dividends paid by the Montana Ore Purchasing Company to November i, 1903, amount to $3,132,300. The United Copper Company paid its first dividend on its preferred stock on November i, 1902, and also another dividend of $150,000 May i, 1903, and has accumulated a very handsome cash surplus from the operations of the past year. It has no debt of any kind. The production of copper by the United Copper Company during the first five months of 1903 was 11,500,000 pounds. The average, therefore, was 2,300,000 pounds per month, which would make the total for the year 27,600,000 pounds. There was a cave in one of the company's largest mines, but it is expected that production during balance of 1903 will be more than sufficient to bring the total for the year up to the usual figure of 30,000,000 pounds. The official returns give a production for the first ten months of 1903 of 22,850,000 pounds of copper. The com- pany paid a semi-annual dividend of 3 per cent on its pre- ferred stock on November 2, 1903. Total dividends by the United Copper Company amount to $450,000. 70 The officers of the United Copper Company are : F. AUGUSTUS HEINZE, President and General Manager. ARTHUR P. HEINZE and JOHN MACGINNISS, Vice-Preaidenta, STANLEY GIFFORD, Secretary and Treasurer. The chief offices of the company are at the Hudson Trust Company building, Hoboken, N. J., and at Butte, Mont., and the Montana Ore Purchasing Company maintains a New York office at No. 31 Nassau street. New York City.
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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