Foremost Dairies, Inc. - Founded by James Cash Penney - dated 1950's-60's Stock Certificate
Inv# GS1116 Stock
Florida
Illinois
New York
General Stock printed by American Bank Note Company. Great vignette of two male figures in foreground and an aerial view of the countryside along the river in background. Available in Blue, Green or Yellow. Please specify color. In 1967, Foremost Dairies, a company founded by James Cash Penney that had been headquartered in San Francisco since 1954, acquired McKesson & Robbins in a hostile takeover to form Foremost-McKesson Inc. The Foremost dairy operations were sold in 1982 and the name changed to McKesson Corporation but headquarters remained in San Francisco. Read more at https://en.wikipedia.org/wiki/McKesson_Corporation
James Cash Penney Jr. (September 16, 1875 – February 12, 1971) was an American businessman and entrepreneur who founded the JCPenney stores in 1902. Read more at https://en.wikipedia.org/wiki/James_Cash_Penney
- Foremost Dairies was founded in 1931 by J.C. Penney.
- By the early 1950's Foremost Dairies was the fourth largest diary company in the country.
- Foremost Dairies was the third largest dairy company in the world by 1951. With the 1954 acquisition of Golden State Co., Ltd.
- Acquired International Dairy Supply Company and International Dairy Engineering Company in 1952. International Dairy Supply Company was a major supplier of milk products to the US military in east Asia.
- Golden State Co., Ltd. purchased the former site of Oakland Brewing and Malting Company, and apparently still owned the site when Golden State was purchased by Foremost.
- Foremost had operations in 23 states across the South and North as well as in Japan, the Philippines, Guam and Hawaii.
- Foremost discontinued the full dairy operation at Fentons%20Creamery in 1961 and moved the business to Piedmont Avenue.
- Foremost ran Fentons Creamery for many years as its marquee business until the company got out of the dairy industry.
Read more at https://localwiki.org/oakland/Foremost_Dairies
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.
Ebay ID: labarre_galleries