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NY. Phenix Cheese Co., 1910-28 Specimen Stock Cert Odd Shrs VF Black SBN

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:25.00 USD Estimated At:60.00 - 120.00 USD
NY. Phenix Cheese Co., 1910-28 Specimen Stock Cert Odd Shrs VF Black SBN
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Specimen Stock Cert Odd Shrs VF Black border, SBN. In 1924, Kraft Cheese Company was listed on the Chicago Stock Exchange. In 1926, it was listed on the NYSE. The firm then began to consolidate the United States dairy industry through acquisition, in competition with National and Borden. Firms acquired included: In 1928, it acquired Phenix Cheese Company, the maker of a cream cheese branded as Philadelphia cream cheese, founded by Jason F. Whitney, Sr. and the company changed its name to Kraft-Phenix Cheese Company. In 1929, The New York Times reported that Kraft Phenix, The Hershey Company and Colgate were looking at merging. In the same year, it was reported that National, Borden and Standard Brands (a firm that is now part of Kraft Foods) were all looking at acquiring the firm. By 1930, it had captured forty percent of the cheese market in the U.S. and was the third largest dairy company in the United States after National Dairy and Borden. In 1930, the company also began operating in Australia following a merger with Fred Walker & Co