United Cigar Stores Company of America
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Product Details
CompanyUnited Cigar Stores Company of America
Certificate Type
Common Stock
Date Issued
April 26, 1929
Canceled
Yes
Printer
American Bank Note Company
Signatures
Machine printed
Approximate Size
11 1/2" (w) by 7 1/2" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
United Cigar Stores was the largest chain of cigar stores in the United States. Though initially specializing in cigars, it eventually sold many other items, such as Mickey Mouse watches and shoe trees. Founded in 1901, the chain represented the interests of the Consolidated Tobacco Company, the tobacco trust that controlled the American Tobacco Company and others. In September 1903 a settlement was reached with the chain’s competitors and all competition ended. By 1926 the chain had close to 3,000 retail stores.
The company was controlled by Whelan-Schulte interests, but control passed to brothers George Kenan and Frederick Kenan Morrow in August 1929. As the Depression deepened the real estate subsidiary accumulated huge losses, so in September 1932 the holding company declared bankruptcy. Before its bankruptcy it had 975 cigar stores and 219 drug stores, but most of its assets were still in real estate. The chain recovered and had 1300 outlets in 1951. United Cigar Stores became part of United Cigar-Whelan Stores Corp., then United Whelan Corp. In 1962, this was merged into Perfect Film & Chemical Corp., a film-processing and mail-order seller of drugs and vitamins.
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Additional Information
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