Name: Foremost Dairy Products, Incorporated (J C Penney)
Brand: Ghosts of Wall Street
SKU: 4788
Price: 24.0 USD
Availability: OutOfStock

Foremost Dairy Products, Incorporated Stock Certificate

In stock
Inventory on the way

Product Details

Company	Foremost Dairy Products, Incorporated
Certificate Type	Common Stock
Date Issued	May 9, 1930
Canceled	Yes
Printer	Columbian Bank Note Company
Signatures	Hand signed
Approximate Size	10 1/2" (w) by 7 1/4" (h)
Product Images	Show the exact certificate you will receive
Authentic	Yes
Additional Details	NA

Historical Context

With creameries closing during the Great Depression, Missouri-born businessman JC Penney bought a Jacksonville, Florida creamery and named it after his prized Guernsey bull – Foremost. It originally operated in 12 southern communities and its net sales totaled $1 million the first year. By 1932, Penney had lost his personal fortune and was subject to unfounded charges that he had profited at the expense of fellow shareholders in the collapse of a Florida bank in which, he was a major investor. After a brief stay in a sanitarium, Penney returned to the post of chairman of the company and rebuilt his fortune.

Between 1932 and 1944, Foremost Dairies doubled the communities served and increased sales 10-fold. The company's major growth started in 1945 with the acquisition of Southwest Dairy Products Co. "It's better than good, it's Foremost" became a household slogan. During World War II, the U.S. military sparked Foremost's international growth and the creamery opened additional plants nationwide. Foremost Dairies became known as "the longest milk route in the world." Foremost Dairies was the third largest dairy company in the world by 1951. With the 1954 acquisition of Golden State Co. the largest dairy business in California - Foremost had operations in 23 states across the South and North as well as in Japan, the Philippines, Guam and Hawaii. Foremost established its headquarters in San Francisco, and it still lived by the golden rule established by Penney. Wherever it set up a facility, the organization wanted to teach local people how to operate it and then share in its success. In 1956, it made the key acquisition of Western Condensing Co. In Appleton, Wisconsin, that would eventually lead the Foremost name to Upper Midwest dairy producers. But troubled times hit in 1962, when the Federal Trade Commission said that Foremost's "dominant presence" could affect competition. The company was ordered to release ownership of its 10 most recent acquisitions. Foremost also sold all of its milk and ice cream plants east of the Mississippi River. In 1967, Foremost and McKesson merged. At the time, Foremost-McKesson included chemical, liquor and pharmaceutical companies as well as Foremost Foods Co. It also included the Wisconsin whey processing plants formerly operated under Western Condensing.

The Foremost dairy operations were sold in 1982 and the name changed to the McKesson Corporation but headquarters remained in San Francisco.

Related Collections

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.

FAQ

Are the certificates offered on your site genuine or reproductions?

All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

No. All of the pieces we sell are either canceled or obsolete and have collectible value only.

Are the images presented in your product listings of the exact piece I will receive?

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.

How will you ship my order and how much do you charge?

We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.

Can I return my purchase?

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.

Shipping Information

If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!

We make every effort to ship out all orders within 24 hours of receipt.

We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.

Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.

As soon as your order is shipped you will receive your tracking information via email.

OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.

Returns

Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.

You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.

Any shipping charges collected on the original order are not eligible for a refund.