American Automotive History Studebaker Packard and Studebaker Worthington Corporate Stock Certificates

Studebaker Packard Stock Certificate Automobiles

Ephemera and pamphlets

Studebaker-Packard Corporation and Studebaker-Worthington, Inc. Two stock certificates documenting successive phases in the corporate history of Studebaker as the company moved from automobile manufacturing into diversified industrial production. Studebaker’s 1954 combination with Packard joined two established American automobile manufacturers during an increasingly difficult competitive period, while the later Studebaker-Worthington organization followed the end of Studebaker automobile production and joined its remaining industrial operations with Wagner Electric and Worthington. The certificates preserve the corporate names under which these major reorganizations were presented to shareholders.

Two original stock certificates, comprising one Studebaker-Packard Corporation certificate and one Studebaker-Worthington, Inc. certificate, each printed with decorative engraved vignettes and securities typography. Studebaker had begun as a South Bend, Indiana, wagon manufacturer in 1852 before entering automobile production in the early twentieth century. Packard acquired Studebaker in 1954, creating Studebaker-Packard Corporation; Packard automobile production ended in the late 1950s, and the corporate name reverted to Studebaker Corporation in 1962. Studebaker closed its South Bend automobile plant in December 1963 and ended automobile production altogether at Hamilton, Ontario, in March 1966.

[1] Studebaker-Packard Corporation. Stock certificate. United States, undated. Issued under the corporate name adopted after the 1954 combination of Studebaker and Packard. The certificate records the period in which the company attempted to maintain both automobile marques while confronting high production costs, intense competition from Ford and General Motors, and worsening financial conditions.

[2] Studebaker-Worthington, Inc. Stock certificate. United States, undated. Issued under the name created through the 1967 combination of Studebaker, Wagner Electric, and Worthington Corporation. By this period Studebaker had ceased automobile production and continued through diversified industrial businesses; Studebaker-Worthington remained in operation until its acquisition by McGraw-Edison in 1979.

Both certificates are in very good condition. The pair records, through successive corporate identities, Studebaker’s transformation from one of the best-known American automobile manufacturers into a diversified industrial company after the end of its car production.

Item #16815

Price: $80.00