Four Magma Copper Co. Stocks - 1920's-40's dated Attractive Arizona Collection of 4 Mining Stock Certificates - Different Colors
Inv# MS1149 Stock
Maine
Collection of 4 different colors. Mining town vignette engraved by Hamilton Bank Note Co., NY. Especially Attractive Collection of 4. Mines were located in the Pioneer and Superior Mining Districts of Arizona. The Magma Arizona Railroad (reporting mark MAA) was built by the Magma Copper Company and operated from 1915 to 1997. The railroad was originally built as a 3 ft (914 mm) narrow gauge line, but was converted to 4 ft 8+1⁄2 in (1,435 mm) standard gauge in 1923. Originally headquartered in Superior, Arizona, the company primarily hauled cattle and copper on 30.2 miles (48.6 km) of standard gauge track to and from the Southern Pacific mainline in Magma, Arizona, between Florence and Queen Creek. BHP purchased the Magma Copper Company and its lines in 1996 for A$3.2 billion and suspended rail operations on this line a year later. The Magma was the last industrial short line railroad to use steam power, dieselizing on September 4, 1968. Read more at https://en.wikipedia.org/wiki/Magma_Arizona_Railroad
William Boyce Thompson bought the old Silver Queen Mine in 1910, and by 1912, the new Magma Copper Company was in production running the operations of the Silver Queen Mine. The Magma Copper Company became one Arizona's greatest copper producer after the silver vein of the Queen Silver Mine dried and ran out. One of the outcomes World War I and World War II was the increased demand of copper and as such the town flourished. However, by the 1980s the main mining operations were moved to the nearby town of Miami. The Magma Copper Company's smelter, with the exception of the historic smelter stack, was demolished. In December 2017, the Resolution Copper Project began to mine in the land where the old Magma Copper Company was once located. The Resolution Copper Project is a joint venture between Rio Tinto of London and BHP-Billiton of Australia. Read more at https://en.wikipedia.org/wiki/List_of_historic_properties_in_Superior,_Arizona
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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