International Nickel Co. of Canada, Limited - 1930's dated Canadian Stock Certificate
Inv# FS1041 Stock
Superb vignette of three muscular male figures, anvil, etc. Canadian Banknote Co, Ltd. Available in Green or Orange. Please specify color.
In 1902, the International Nickel Company was established in the state of New Jersey through the merger of Canadian Copper, the Orford Copper Company, the Société Minière Caledonienne, and others. At its inception, the International Nickel Company became the leading nickel producer and refiner globally and played an essential role in promoting the use of nickel. Nickel-steel alloys, known for their exceptional strength and toughness, gradually found application in various industries, including automobile manufacturing, transportation, mining, and construction equipment. Initially, nickel was mainly used for making coins, but the emergence of International Nickel led to the increased use of nickel alloys for military purposes.
In September 1915, the Ontario government formed a commission to investigate the nickel resources and capabilities in the province. The commission's report highlighted Ontario's vast and high-quality nickel deposits, stating that the refining of nickel could be effectively carried out in the province. The International Nickel Company had already expressed its intention to do so a year earlier. Subsequently, in July 1916, The International Nickel Company of Canada Limited (INCO) was established, assuming control of all mining, smelting, and refining operations previously held by the International Nickel Company registered in New Jersey.
Vale Canada Limited (formerly Vale Inco, CVRD Inco, and Inco Limited), a wholly-owned subsidiary of the Brazilian mining company Vale, is headquartered in Toronto, Ontario, Canada. The company's nickel mining and metals division produces nickel, copper, cobalt, platinum, rhodium, ruthenium, iridium, gold, and silver. Prior to its acquisition by CVRD (now Vale) in 2006, Inco was the world's second-largest nickel producer and the third-largest mining company outside South Africa and Russia for platinum group metals. It was also a founding member of the 30-stock Dow Jones Industrial Average established on October 1, 1928.
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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