Anaconda Copper Mining - dated 1920's-50's Montana Mining Stock Certificate - Available in Blue, Brown or Green
Inv# MS1001 Stock
Mining Stock. Superb vignette of mining operation. Rare! Very nice! Scarce!!! Available in Blue, Brown or Green. Please specify color. The Anaconda Copper Mining Company, part of the Amalgamated Copper Company from 1899 to 1915, was an American mining company. It was one of the largest trusts of the early 20th century and one of the largest mining companies in the world for much of the 20th century. Founded in 1881 when Marcus Daly bought a silver mine, the company expanded rapidly based on the discovery of huge copper deposits. Daly built a smelter in Anaconda to process copper mined in Butte. Daly sold his assets in 1899 to Henry H. Rogers and William Rockefeller.
By 1910, Amalgamated had expanded its operations and bought the assets of two other Montana copper companies. In 1922, Anaconda bought mining operations in Mexico and Chile; the latter was the largest mine in the world and yielded two-thirds of the company's profits. The company added aluminum reduction to its portfolio in 1955. In 1960 its operations still had 37,000 employees in North America and Chile. It was purchased by Atlantic Richfield Company (ARCO) on January 12, 1977. Anaconda halted production in 1980, and mining ceased completely in 1982 when the deep pumps keeping the mine drained were shut off, allowing the mine to fill. It currently exists only as a massive environmental liability for British Petroleum, the current owner of the environmental situation acquired by ARCO. Read more at https://en.wikipedia.org/wiki/Anaconda_Copper
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.
Ebay ID: labarre_galleries