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Hupp Motor Car Corp - Stock Certificate

Inv# AS1030A   Stock
Hupp Motor Car Corp - Stock Certificate
State(s): Virginia
Years: 1930-37
Common Stock. Neatly hole cancelled. Beautiful vignette by Republic Bank Note Co., Pa. Excellent Condition. Very Rare! . The Hupmobile was an automobile built from 1909 through 1940 by the Hupp Motor Company of Detroit, Michigan, which was located at 345 Bellevue Avenue. Their first car, the Model 20, was introduced to the public at the Detroit Auto Show in February 1909. The company initially produced 500 vehicles. Robert Craig Hupp, a former employee of Oldsmobile and Ford founded the company with his brother Louis in 1908. Production began in 1909. In 1910, production increased by more than 5000. Following disagreements with his financial backers Hupp sold his stock in the Hupp Motor Car Company and established the short-lived RCH Automobile Company, later the Hupp-Yates Electric Car Company. Hupp Motor Company, however, continued to grow after its founder had left. A new plant was purchased in 1924 as Hupp competed strongly against Ford and Chevrolet and by 1928 sales had reached over 65,000 units. To increase production and handle the growth in sales, Hupp purchased the Chandler-Cleveland Motors Corporation (Chandler Motor Car) for its manufacturing facilities.

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.
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