Comet Mining Co of Utah, USA - 1883 dated Utah Mining Stock Certificate
Inv# MS1009 Stock
Mining Stock. Utah/French issue. Beautiful vignette of a train and two statuesque figures covers most of the stock. Truly outstanding Utah mining!!! Company owned the Comet and Morrison mines.
Beginning in the late 19th century with the state's mining boom (including the Bingham Canyon Mine, among the world's largest open pit mines), companies attracted large numbers of immigrants with job opportunities. Since the days of the Utah Territory mining has played a major role in Utah's economy. Historical mining towns include Mercur in Tooele County, Silver Reef in Washington County, Eureka in Juab County, Park City in Summit County and numerous coal mining camps throughout Carbon County such as Castle Gate, Spring Canyon, and Hiawatha.
These settlements were characteristic of the boom and bust cycle that dominated mining towns of the American West. Park City, Utah, and Alta, Utah were boom towns in the early twentieth century. Rich silver mines in the mountains adjacent to the towns led to many people flocking to the towns in search of wealth. During the early part of the Cold War era, uranium was mined in eastern Utah. Today mining activity still plays a major role in the state's economy. Minerals mined in Utah include copper, gold, silver, molybdenum, zinc, lead, and beryllium. Fossil fuels including coal, petroleum, and natural gas continue to play a large role in Utah's economy, especially in the eastern part of the state in counties such as Carbon, Emery, Grand, and Uintah. Read more at https://en.wikipedia.org/wiki/Utah
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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