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Lot 500: HAUT-FOURNEAUX ET FONDERIES DE DOLHAIN, S.A. DES

Auction No.57 of Antique Stocks & Bonds

by Boone Shares - The Scripophily Center

29 October 2016

Brussels, Belgium

Live Auction
Past Lot
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Description: 1858 LIEGE. DOLHAIN. Action. black. #2000. No 1434. 1847 saw the start of building of a blast-furnace at Dolhain, near Liège, by 3 brothers named David, and one Zurhelle, of Aachen. However, by 1853, the furnace had not started working and further investment was needed. This company was formed, withan initial capital of F1.400.000, and the new investors also brought zinc, iron, copper and pyrites concessions in the area. The furnace was completed and started production. In 1858 the capital was increased to F2.000.000, and a second furnace was planned. However, the company was unable to sell its production, and made serious losses. In late 1860 the furnace was shut down. In 1863 the company was sold to the Nagelmackers-Orban group (already part-owners of the company), and incorporated in their S.A. des Mines et Haut-Fourneaux de la Vesdre (see lot 450). Extremely rare.

Condition Report: VF-EF

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