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Jewel Tea Co., Inc., 1941 Specimen Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:65.00 USD Estimated At:90.00 - 160.00 USD
Jewel Tea Co., Inc., 1941 Specimen Stock Certificate
SOLD
65.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2019 Feb 27 @ 12:43UTC-5 : EST/CDT
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New York. <100 Shares Common Stock Specimen Certificate, Black print on brown border and under tint, Allegorical woman at top, Specimen overprints and POC's, VF-XF condition, RBNC. In 1899, Frank Vernon Skiff founded Jewel in Chicago, Illinois, as a door-to-door coffee delivery service. In 1902, Skiff partnered with his brother-in-law Frank P. Ross, renaming the venture the Jewel Tea Company. By 1903, they had six routes and then 12 routes in 1904 with expansion into Michigan City, Kankakee, and Kewanee. There were 850 routes by 1915. The company's expansion continued throughout the mid-20th century. In 1932, Jewel acquired the Chicago unit of the Canadian firm Loblaw Groceterias, Inc., then a chain of 77 self-service stores, as well as four Chicago grocery stores operated by the Middle West Stores Company, and began operating them under the name Jewel Food Stores. In 1934, Jewel Food Stores merged with Jewel Tea Company. The name of the parent company remained as the "Jewel Tea Company" until 1967 when the stockholders voted to change the name of the company to Jewel Companies, Inc. to better reflect the expansion of the into different markets.