United States Television Manufacturing Corporation
United States Television Manufacturing Corporation
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Nicely engraved stock certificate from the United States Television Manufacturing Corporation dating back to the 1950's. This document, which carries the printed signatures of the company President and Treasurer, was printed by the Hamilton Bank Note Company and measures approximately 11 3/4" (w) by 8" (h).
The vignette features an eagle atop a globe.
You will receive the exact certificate pictured.
The United States Television Manufacturing Corporation was founded in 1945 in Manhattan, New York City, to produce large-screen television sets and, later, conventional models. In April the following year, it announced an initial public offering of 99,000 shares of 50-cent par value common stock at $3 each. The Guaranty Trust Company of New York was appointed registrar.
Headed by president Hamilton Hoge, with his brother John Otis Hoge as vice president, U.S. Television Manufacturing aimed its initial product at taverns, clubs, fraternal organizations and similar business consumers, reasoning that with parts and materials remaining in short supply following World War II, the company needed to sell fewer but higher-priced units.
On September 18, 1946, U.S. Television Manufacturing held a public demonstration of large-screen rear-projection television, with sets at department stores including Bloomingdale's and Macy's in Manhattan, Bamberger's in Brooklyn, and Abraham & Straus in Newark, New Jersey, showing live coverage of the Joe Louis-Tami Mauriello heavyweight boxing championship at Yankee Stadium in The Bronx. The company said it had already begun delivering sets to customers.
By July 1947, the company was producing 300 units a month of its initial model, it said, which were distributed by dealers in 13 states and the District of Columbia. It announced plans to produce a taller model with a 475-square-inch screen and AM-FM radio reception, to sell for $1,995 excluding installation charges, and two home-consumer models: one with a "10-inch direct-view cathode-ray tube (CRT) screen, giving a 54-square-inch image", plus AM-FM radio and phonograph, for $895; and a rear-projection TV with the same features but a 390-square-inch image, for $2,275. The direct-view model's price was reduced to $745 in November 1947.
In March the following year, the large-screen projection-TV set increased in priced to $2,495, with the company announcing shipment to distributors in 15 cities within two to three weeks and plans to produce 50 to 75 sets monthly. The company also announced plans to market a television set for theaters and auditoriums, with a variable screen size of 9 x 12 feet to 12 x 16 feet, for $3,495. By October 1948, the company was marketing what it called two "improved" models with 475- and 675-square-inch screens.
Additionally, by January 1948, the company was producing a tabletop model with a 10-inch screen giving a picture size of nearly 9 by 7 inches. By November, U.S. Television Manufacturing Corp. subsidiary Zetka Television Tubes, Inc., of Clifton, New Jersey, was manufacturing 12- and 15-inch CRTs, with glass blanks supplied by Corning Glass Works.
In December 1948, the company dropped prices, citing increased supplies of 15-inch glass CRTs. The home console with radio and phonograph was now $1,095, and table models $695 and $325.
Among its advertising and promotional efforts, the company said in August 1947 that it would launch a direct-mail campaign to 41,000 tavern-owners nationwide, via the advertising agency Huber-Hoge & Sons. In January the following year, it announced that the same agency would launch a $250,000 print-ad campaign for its tabletop sets, emphasizing quality over price.
Following the public company's 1950 report on earnings, registering a loss, no further reports were issued.
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.
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.
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.
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.