904

S.S. Kresge Company Unique Production File With Sp

Currency:USD Category:Collectibles Start Price:125.00 USD Estimated At:250.00 - 500.00 USD
S.S. Kresge Company Unique Production File With Sp

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Auction Date:2007 Jan 31 @ 09:00 (UTC-5 : EST/CDT)
Location:1580 Lemoine Ave., Suite 7, Fort Lee, New Jersey, 07024, United States
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MI. 1950-70's. Production file for Common Stock with proofs, specimens and correspondence. All certificates have vignette of seated allegorical woman holding baton. 1)to3) Three (3) different Archival production specimens with notations and corrections added. than 100 shs, common stock, blue. All are specimens. 4) Proof of vignette, title and text without border. Printed on white paper. 5) < than 100 shs, common stock, green. Proof printed on light brown paper. 6) Proofs of text, title and signatures used on certificates (6 items). 7) Miscellaneous production and design correspondence relaing to this stock certificate (7 items). In 1897, Sebastian Spering Kresge and John McCrory adopted the chain-store idea first used by Frank W. Woolworth. The partnership was dissolved in 1899 with Kresge taking the stores in Michigan and forming S.S. Kresge and McCrory taking the stores in Memphis. In 1918 the firm went public with a listing on the New York Stock Exchange. In 1929, Kresge's store opened in the United States first suburban stopping center, Country Club Plaza, in Kansas City, Missouri. In 1962 the company opened its first discount store in the Detroit suburb of Garden City, calling it Kmart. In 1972 Cunningham was succeeded as cheif executive by Robert E. Dewar, a former company lawyer and president since 1970. Eventually, Kmart was taken over by Sears and now are known as Sears Holding Company. SCBNC. VG-XF.