Lima Cord Sole and Heel Co. - 1930's dated General Stock Certificate
Inv# GS5799 Stock
Stock printed by Columbian Bank Note Company. From the New York Times 1936: A public offering of 60,000 shares of common stock from the Lima Cord Sole and Heel Company, each with a par value of $1, is being conducted today by A. H. Harrison & Co. based in Chicago, at a price of $6.75 per share. This stock offering does not constitute new financing for the company, as all shares are being acquired from existing stockholders.
Currently, the Lima Cord Sole and Heel Company reports net sales of approximately $100,000 monthly, with net profits totaling around $15,000 each month. The company's directors have announced a regular dividend of 12½ cents per share, in addition to a special dividend of 37½ cents per share, which will be payable on December 28 to stockholders recorded as of December 24, 1936.
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