Pittsburgh Screw and Bolt Corporation - 1945 dated Stock Certificate
Inv# VS1077A Stock
Stock printed by Republic Bank Note Co. Pittsburgh, PA. WWII dated. The Oliver Iron and Steel Corporation was a manufacturer of iron and steel hardware including nuts, bolts, screws, and horseshoes in Pittsburgh, Pennsylvania.
The Berry Division was subject to an antitrust lawsuit filed on June 11, 1956 At about the same time, the fastener business was sold to Pittsburgh Screw and Bolt Company, and the pole line hardware business was merged into the Oliver Electric Company of Battle Creek, Michigan. The company had lost money each of the previous 4 years. Oliver Iron and Steel merged into the Oliver Tyrone Corporation effective December 31, 1956.
As a new plant for Pittsburgh Screw and Bolt Company was started outside Mount Pleasant, Westmoreland County in 1957 the former Oliver Iron and Steel facilities in the Pittsburgh South Side were soon empty. The facilities and land, as well as the Allegheny and South Side Railway, were sold to Carson Industrial Development Corporation, who planned an industrial and warehousing park on the land. Pittsburgh City Planning Department aerial photos from 1962 show the land cleared to dirt. Read more at https://en.wikipedia.org/wiki/Oliver_Iron_and_Steel_Corporation
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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