Victoria Consolidated Mining Co. - Stock Certificate
Inv# MS1315 Stock
Owned by Bingham Mines Co. Office: 404 Dooly Blk., Salt Lake City. Mine at Eureka, Tintic district, Juab Co., Utah. Officers: James P. Graves, pres.; Harold P. Fabian, v. p.; with A. L. Hoppaugh, R. E. Mark and Clias. C. Dey, directors. J. R. Brain, sec.; Sydney S. Millett, treas.; Prove. Imer Pett, gen. mgr.; Wm. Owens, supt. Inc. March 7, 1899,' in Utah. Cap., $70,000: shares lOc par; $49,985 issued. Has paid $232,492 dividends to June, 1917. Annual meeting first Monday in January. Net operating gain in 1916 was $35,451. Property: 7 patented claims, 50 acres, includes the Snowflake and Victoria mines at Eureka. Ore is gold-silver-lead with some copper, occurring in chamber deposits in limestone. Pay ore occurs in shoots and streaks of variable size, up to 100' in width. Development: includes 1,200' shaft with 2,500' of workings. Has compressor, added 1913, 112 h. p. hoist, and uses electric power. Company has made an agreement with Plutus Mining Co. for running a crosscut from the Victoria 1,200" level into its ground. This work will explore Victoria ground for 400' or so east of the. shaft. Production: 7,4fi5 tons in 1912; 12,552 tons in 1913; 8,763 tons in 1914; 3,071 tons in 1915; 7,339 tons lead ore in 1916; a total of 66,145 tons. Shipments in 1916 gave net smelter returns of $73,136.
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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