Jacob Little autographed New York & Harlem Railroad Transfer - Stock CertificateInv# AG1351 Stock
Jacob Little signed transfer and another issued to him. He was one of the old members of the Stock Exchange during the Era of “fogyism” in the street. He made and lost nine fortunes using speculative methods. One famous venture involved option selling of large blocks of Erie Railroad stocks to manipulate the market. The Erie Board formed a pool to “corner” Little in an attempt to ruin him. One hour before the options expiration, Little exchanged Erie Bonds and triumphed. His convertible bond trick led to the sixty day option rule. The Pair. SPECIAL PRICE!
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.