Archives International Auctions Live and Online Fall Sale 6 - November 1, 2018
Archives International Auctions - Online Fall Sale #6 46 November 1,2018 Archives International Auctions www.archivesinternational.com 331 331 Reynolds Securities Inc., 1977 Specimen Stock Certificate Famous Stock Broker. Acquired by Dean Witter in 1978. Specimen, 100 Shares, Common Stock. XF SCBN. Yellow Border. Reynolds & Co. was founded in 1931 in New York City by Richard S. Reynolds, Jr., a 22-year-old tobacco heir. Reynolds’ father Richard S. Reynolds, Sr. founded U.S. Foil Company, later Reynolds Metals (Reynolds wrap), and his great uncle was the founder of R. J. Reynolds Tobacco Company (RJR). Among Reynolds’ partners were Thomas F. Staley (Staley was Reynolds’ cousin, the grandson of Major D. Reynolds, an older brother of R.J. Reynolds), Charles H. Babcock and John D. Baker. Like Dean Witter, the company survived the Depression, generating a profit each year. In 1934, Reynolds acquired F.A. Willard & Co. With the acquisition, Reynolds tripled its sales and shifted its emphasis toward underwritings. In 1958, Reynolds passed its leadership to the next generation with Thomas F. Staley departing and naming Robert M. Gardiner to head the firm. Under Gardiner, Reynolds embarks on major expansion, acquiring 26 offices from A.M. Kidder & Co. Reynolds acquired another three offices and opened nine firms in new regions in the U.S. in the early 1960s. Reynolds was incorporated in 1971 as Reynolds Securities in advance of an initial public offering. By early 1971, there was speculation that Merrill Lynch would sell shares to the public. Reynolds initial public offering (and shortly thereafter Dean Witter’s IPO) was part of a rush of Wall Street firms to sell an interest in their privately held businesses to public investors, following Merrill Lynch’s initial public offering. In 1976, Reynolds implements REYCOM, the most sophisticated high-speed wire system in the industry. Meanwhile, the firm was continuing its expansion, acquiring its first international offices in Lugano and Lausanne, Switzerland. A year later, Reynolds acquired Baker Weeks & Co. whose strength was securities research. At the time of its merger with Dean Witter in 1978, Reynolds Securities had over 3,100 employees in 72 offices producing gross revenues of nearly $120 million.��������������������������������������������������������������������������������������������������� Est. $90-140 Ohio 332 332 Dime Savings Bank Co. Specimen Stock. Ohio, 19xx, Specimen Stock, Black on green border and underprint, Bald Eagle on shield top center, VF-XF condition, Security BNC.������������������������������������������������������������������������������������������������������������ Est. $90-150 333 333 Procter & Gamble Co., 1988 Specimen Stock Certificate Ohio. Odd Shares Common Stock Specimen Certificate, Black print on blue border and under tint, Face on the moon at top, Specimen overprints and POC’s, VF-XF condition, ABNC. ��������������������������������������������������������������������������������������������������������������������������������� Est. $130-200 Pennsylvania 334 334 Alliance Insurance Co. of Philadelphia. Ca. 1904. Pennsylvania. -Odd Shrs Stock Certificate. POCs. Specimen. ABNC. Very Fine.���������������������������������� Est. $130-200 335 335 Bank of America Trust Co., ca.1940-1950 Specimen Stock Certificate Pennsylvania. <100 Shares Capital Stock Specimen Certificate, Black print on green border and under tint, Bald Eagle at top over the world, Specimen overprints and POC’s, VF-XF condition, SBNC. ������������������������������������������������������ Est. $90-150 336 336 Citizens’ National Bank of Ashland, 1969 Specimen Stock Certificate Pennsylvania. Odd Shares Common Stock Specimen Certificate, Black print on blue border and under tint, Seal of Pennsylvania at top, Pin punched Cancelled, VF-XF condition, FBNC.��������������������������������������������������������������������������������������������� Est. $45-70 337 337 Market Street National Bank of Philadelphia, 1940s Specimen Stock Certificate Philadelphia, Pennsylvania. 100 Shares Capital Stock Specimen Certificate, Black print on red/brown border and under tint, Allegorical woman and child together at top, Specimen overprints and POC’s, VF-XF condition, SBNC. ��� Est. $70-130
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