1,010 1/4 shares Dunkirk, Allegheny Valley and Pittsburgh Railroad Co. - 1901 dated Stock Certificate
Inv# HD1044 Stock
Pennsylvania
1,010 1/4 shares Stock. Some paper tears and staining.
The Dunkirk, Allegheny Valley and Pittsburgh Railroad is a historic railroad company that operated in Pennsylvania and New York. Chartered in 1867, its first passenger train ran in 1871. After several mergers and name changes, it was leased to the New York Central and Hudson River RR in 1873 for a term of 501 years. It was later wholly absorbed by the New York Central. Passenger service ceased in 1937. Only a few structures built by the company are extant. Read more at https://en.wikipedia.org/wiki/Dunkirk,_Allegheny_Valley_and_Pittsburgh_Railroad
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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