Does the company Webb and Knapp Inc still exist?

Answer 1

Webb and Knapp offered stock in 1955 at a par value of 10 cents per share. I have not been able to determine if they still exist. My father had 100 shares. He gave everything of value to his stock broker before he died for conversion or for safekeeping. The Webb and Knapp shares were left at home. Draw your own conclusion as to the value. He died in 2001.

There is evidence that the SEC halted trading in the security in May 1965 and that the company went bankrupt soon thereafter. By the way, my research has shown that William Zeckendorf, the main executive in W&K, was instrumental in the acquisition of the land on the eastern side of Manhattan Island on which the modern UN Building was built. He had acquired the land, which had previously been the site of slaughterhouses, in the hope of developing it, but ended up selling it to John Rockefeller, who contributed it to the UN, in 1946.