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Majestic Radio and Television Corporation - 1946-1948 dated Entertainment Stock Certificate

Inv# RD1005   Stock
State(s): Delaware
Years: 1946-1948
Color: Blue, Red or Brown

Stock printed by Franklin Lee Division-American Bank Note Co. Television is a very scarce topic! Available in Blue, Red or Brown. Please specify color.

Majestic Radios was an American radio brand from 1927 to 1955, trademarked as "The Mighty Monarchs of the Air". Noted for their high quality, they were initially manufactured by the Grigsby-Grunow Company of Chicago. After Grigsby-Grunow's demise in 1934 during the Great Depression, Majestic Radios continued to be made through subsequent corporate ownership changes and reorganizations for another twenty-two years. The Majestic Radio & Television Corporation was formed to produce the radios in the 1930s and 1940s. Following Majestic Radio & Television's liquidation in 1949, Majestic-brand radios were made by a division of the Wilcox-Gay Corporation at their Michigan factory in the 1950s.

Before embarking on radio manufacturing, the Grigsby-Grunow Company had started in 1921 as the Grigsby-Grunow-Hinds Company in Chicago, making such automotive aftermarket items as its "Premier" brand of sun visors. co-founded by Bertram James Grigsby and William Carl Grunow, an Army major in World War I. By 1927, the company had annual nationwide sales of $5 million in manufacturing products such as "Majestic" battery eliminators for home radios. The device, developed by inventor William Lear for Grigsby-Grunow, eliminated the need for a cumbersome array of lead-acid batteries and chargers to power radio receivers of the time. With the growing popularity of the new commercial broadcasting radio medium and the development of nationwide networks in the prosperous 1920s, there was increasing consumer demand for better audio quality and console radios suitable for the living room or parlor of American households. Read more at https://en.wikipedia.org/wiki/Majestic_Radios

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Condition: Excellent

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.
Price: $74.50