Lone Star Consolidated Mining Co. - 1923-1925 dated Nevada Mining Stock Certificate
Inv# MS3489 Stock
Stock printed by Broun-Green Co., N.Y. The reorganization of the old corporation, the Goldfield Lone Star Mining company, , as the Lone Star Consolidated Mining company has been entirely completed. A large majority of the stockhoders of the old company availed themselves of the privilege of exchanging their shares for those of the new company upon a basis of share for share, plus two cents a share.
The new corporation is in excellent shape financially. The period for the exchange of shares expired July 20th. Great Western run a crosscut from the 500-foot point to pick up what is known as the "north" ledge, which on the surface parallels the other two ledges and lays about 100 feet north of the shaft. Florence After a suspension of sinking operations for several days, occasioned by the necessity of repairing and relieving weakened timbers at several points, work is in progress in the main shat of the Florence mine, which has passed the 1180-foot point. It will be completed to the 1200-foot point within he next few days. Read more at https://www.newspapers.com/article/reno-gazette-journal-reno-gazette-aug-19/89673138/
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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