Frank G. Shattuck Co. - Specimen Stock Certificate - Shattuck Bought Out Schrafft Candy Company
Inv# SE2045 Stock
Specimen Stock printed by American Bank Note Company. The Schrafft Candy Company was a candy, chocolate and cake company based in Sullivan Square, Charlestown, Massachusetts. In 1861, it introduced jelly beans to the United States and told the customers to send them off to civil war soldiers. The famous Schrafft's neon sign is a significant landmark in Boston, although the former factory it sits above, constructed in 1928, has been redeveloped for business accommodation. Schrafft's later expanded to form a chain of Schrafft's restaurants in New York, and a collection of motor inns and restaurants along the eastern seaboard from New England to Florida during the 1950s and 1960s.
Schrafft's was founded as a candy company by William F. Schrafft in Boston, in 1861. The company expanded into the restaurant business, and by 1915, they had nine stores in Manhattan, one in Brooklyn, and one in Syracuse, NY, as well as the facility in Boston. In 1929, Schrafft's was acquired by the Frank G. Shattuck Company. They had grown to 22 stores in 1923, 42 stores in 1934, and 55 stores in 1968. Schrafft's sponsored the 1959 CBS telecast of The Wizard of Oz, the first of the film's annual telecasts (it had been shown once before on television in 1956). PET milk merged with the Frank G. Shattuck Company in 1967, breaking the ice cream, restaurant and cake, and candy operations into separate companies. Gulf and Western Industries acquired the candy operations in 1974 from Helme Products. Read more at https://en.wikipedia.org/wiki/Schrafft%27s
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.
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