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Carmm Convertible Body Company – New York City, New
York. Built convertible car bodies in the early 1920s.
Carmm Convertible Body Co. 1918-1923 New York, New York
02-02-1919 article
In the 69th Regiment Armory (Twenty Sixth St
& Lexington Ave) are shown several Liberty Motors and a wide variety of body
designs, the following companies exhibiting: Carmm Body Company, Blue Ribbon
Body Company, Brooks-Ostruk Company and Holbrook Company.
Q -- My mother purchased some stock between 1915 and
1919, which I believe to have some value to collectors. The stocks are Carmm
Car and Tomitelli Light. Please let me know if there is any value.
A -- As securities, these two stocks are worthless.
Haley Garrison owner of Antique Stocks & Bonds of Williamsburg, Va says that
if Carmm has a sketch of its vehicle on the certificate, it could be worth
between $125 and $150. If it doesn't depict the car, then it might be worth
only $65. But they may have some value to collectors who prize stock scams.
According to RM Smythe & Co., Carmm Convertible Body Co. was fraudulently
selling securities to the public. There was never any evidence that it had
ever manufactured a car that it claimed could be converted to a roadster or
a touring car. The company was ordered to cease selling stock in July, 1923.
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