Perfect Film & Chemical Corporation
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Product Details
Certificate Type | Common Stock |
Company | Perfect Film & Chemical Corporation |
Date Issued | February 19, 1968 (olive) October 16, 1967 (green) |
Canceled | Yes |
Printer | Federated Bank Note Company |
Signatures | Machine printed |
Notable | NA |
Approximate Measurements |
12" (w) by 8" (h) |
Product Images | Show the exact certificate you will receive |
Guaranteed Authentic | Yes |
Historical Context
Perfect Film & Chemical Corporation (Perfect Film) was formed in 1962 by Martin S. Ackerman from parts of his first four acquisitions: United Whelan Corporation, Hudson National, Perfect Photos, and Equality Plastics Inc. Hudson was a mail-order pharmaceuticals firm, and Equality Plastics, a consumer-products distributor. Perfect Film then sold off Whelan drugstores and the Pathé motion picture laboratory. In early 1968, Perfect Film purchased Popular Library, a paperback book company. In 1968, the company loaned $5 million to Curtis Publishing Company, publisher of the Saturday Evening Post, at the request of Curtis' primary loan holder, First National Bank of Boston. In June and July 1968, Perfect Film sold $40 million worth of securities, more than double the company's long-term debt. Later that year, it bought out publisher Martin Goodman — owner of Magazine Management Company, the parent of Marvel Comics and other ventures — and made Magazine Management the direct subsidiary. It placed its other corporations as subsidiaries of that. Also in 1968, Perfect Film purchased the Desilu Studios-Culver City complex and Plume & Atwood. In March 1969, Perfect Film and Commonwealth United Corporation had tentatively agreed to a merger of Commonwealth and Plume & Atwood. Despite attempts to revive the Saturday Evening Post's circulation, and with the lack of a purchaser, Curtis Publishing shut the magazine down in 1969. Perfect Film purchased Curtis Circulation Company that same year from Curtis Publishing. Also in 1969, OSF Industries purchased the Desilu Studios in Culver City from the corporation, becoming The Culver City Studios the following year. Ackerman left Perfect Film In 1969. Perfect Film sold Popular Library in 1970 to Fawcett Publications. In July 1970, Perfect Film agreed to sell its 50.5% ownership in Plume Atwood Industries to Cinerama. Under President and CEO Sheldon Feinberg, the Company renamed itself Cadence Industries Corporation in 1970. |
Movies | Consumer Products |
Publishing | Retail & Mail Order |
Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.