Western Utah Extension Copper Co. - Stock Certificate
Inv# MS1268 Stock
Utah
Stock printed by Republic Bank Note Company, Pittsburgh, Pennsylvania. Great!
WESTERN UTAH EXTENSION COPPER CO. UTAH Address: A. E. Custer, mgr., Walker Bank Bldg., Salt Lake City, Utah, or Gold Hill. Utah. Officers: P. S. Chambers, pres.; D. A. Rees and A. R. Custer, v. p.'s; F. A. Duerr, sec.-treas., with John Pingree, directors. C. L. Glass & Co., Pittsburg, Pa., fiscal agents. B. T. Hay wood, supt. Inc. in Delaware. Cap., $2,500,000; $1 par. Stock transferred at company's office. Financial statement for year ending June 24, 1918, showed total assets of $2,652.441, of which property and development comprised $2,518,615. Property: 15 claims, about 250 acres, at Gold Hill, Utah, adjoining the Western Utah Copper mine, in the Clifton district, Tooele county. Examined in 1917 l>y F. R. Weekes. Mine is said to contain a well defined fissure in limestone and granite, over 5,000' long. Development: by 2,500' tunnel work and 300* Mogul shaft, with good ore in drift on vein on 300' level. Smelter shipments in June, 1919, said to assay about 4%% copper and 3 to 6 oz. silver; 250 tons shipped in 1918 from development work. Company plans developing an extension of its neighbor's orebody, and will sink shaft 1,000' deep in near future.
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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