Dayco Corporation - 1960's-70's dated Stock Certificate - Formerly Known as Dayco Products and Mark IV Industries
Inv# GS1098 Stock
General Stock. Great vignette of female figure running through clouds and surrounded by atomic symbol. Available in Red or Orange. Please specify color.
Dayco Incorporated, formerly known as Dayco Products and Mark IV Industries, is an American supplier of parts for the construction, automotive, and industrial sectors. The company generates approximately $150 million in annual earnings, with major clients including Caterpillar and General Motors. Dayco was founded in 1905 as Dayton Rubber Manufacturing Co. by Colonel J. C. Hooven in Ohio. Initially, the company focused on manufacturing products such as garden hoses made from natural rubber.
In 1908, it hired John A. MacMillan, who developed the airless tire. By 1913, Dayco also produced the first whitewall tires. In the early 1920s, Dayco entered a period of diversification, significantly expanding its product range. The company began to manufacture a wide variety of rubber parts and some textiles. Dayco was a pioneer in synthetic rubber products, notably developing the first synthetic rubber tire. During World War II, the company became a valuable supplier of military products. In 1960, it officially changed its name to DAYCO Corporation.
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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