The Fleischmann Bakery in New York and the Ferguson Bakery in Boston issued these large, thin black & white cards in 1916. Roughly half of the cards in the set come from the teams in those two locations. Most players are shown in portraits but some, including all of the New York AL and Pittsburgh players, are seen in outdoor shots. Underwood & Underwood has the copyright on most of the photos, all of which are unique to this set.
Currently, there are 104 individual players known plus an additional 25 or so variations. My belief is that four players (Johnson, Tragesser, Jennings, and Nehf) can be found only with Ferguson coupons. The Jennings card has been catalogued since the 70’s, but I’ve yet to see one. The rarity of Ferguson cards causes me to think it’s plausible that there could be additional Ferguson-only players, although that’s unlikely. I spent many hours putting together what I believe is the only complete D381 checklist. Please check it out and let me know if you’re aware of other info.
Fleischmann cards are scarce, although less so now that two big finds of around 65-70 cards each with coupons attached came to auction in 2016. They can be found with one of two different New York City addresses, one listed as “Bronx Boul. & Post St.”, the other as “540 East 81st St.”. My working theory is that both locations issued their own cards and that variations are due to these different printing runs. Fleischmann cards with 2-line captions usually have a publishing credit to “Bradford & Co. Pub., St. Joseph, MI”, while the cards with 1-line captions do not.
Ferguson cards are one of the rarest of all 20th c. issues. The examples of Eddie Burns, Duffy Lewis, and Frank Allen shown below are the only ones with coupons that have been graded and, in all, I know of only 12 Fergusons with coupons (one is in the Burdick Collection at The Met). This bakery’s cards have been found only with 1-line captions and with no mention of the publisher.