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Scranton Coal Co.- Stock Certificate

Inv# MS1049   Stock
Scranton Coal Co.- Stock Certificate
State(s): Pennsylvania
Years: 185-
Color: Blk on Bl paper
Mining Stock. No vignette. Price is for a pair of stock & transfer certificates. Important financier Moses Taylor was very involved in this company. Unissued. Early! The Ontario and Western Railway Company. ”This company was organized in 1886 to build a railroad from New York westward to the lakes. It came into Scranton on a lateral branch from Cadosia, New York, July i, 1890. It has three stations in the city, its main depot being at the westerly end of the Lackawanna avenue bridge, the second at Park Place, and the third at Providence, at the Lackawanna river bridge on East Market street. Its mission to Scranton was of course to tap the anthracite coal fields. For this purpose it purchased in 1899 all the coal mines and coal holdings of the Lackawanna Iron and Coal Company, through its subsidiary company, the Scranton Coal Company. Through this company it has become one of the largest and most active miners and shippers of coal from under our city. Its total shipments of coal from Scranton and vicinity for the year ending June 30, 1913, was 4,019,015 gross tons, from which it derived a revenue of $4,651,871. The company operates 506.79 miles of track, mostly through New York state. This does not include its second tracks. The Scranton division from Cadosia is double tracked. This road gives our city an almost direct outlet to and through the New England, states via Poughkeepsie bridge, connecting with the New York, New Haven and Hartford system. The company's capital stock is: Common, $63,000,000; preferred, $2,000,- ooo. Its bonded indebtedness, $32,000,000. Cost of plant and equipment, $82,911,764.50. (Annual report to June 30, 1913, of president).
Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $35.00