Ebinger Baking Co. - 1969-1972 Stock Certificate - Invented Blackout Cake
Inv# GS6626 Stock
Stock printed by American Bank Note Company. Ebinger's was a bakery in Brooklyn, New York that invented Blackout cake. The original location was opened by George and Catherine Ebinger in 1898 on Flatbush Avenue near Cortelyou Street. Contemporaries included other German bakeries such as Drake's and Entenmann's. They ended up having more than 50 outlets in Queens and Nassau County as well as Brooklyn but as their customer base left New York City for the suburbs, they ended up declaring bankruptcy in 1972. By the time they closed for good on August 26, 1972, they had 54 outlets. In the 1960s, there was an organized boycott of their products because they would only hire white women to work in their bakeries. Read more at https://en.wikipedia.org/wiki/Ebinger%27s
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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