| Type | Preferred |
|---|---|
| Nominal | 100 US-$ |
| Coupon Rate | 7% |
| Place of Issue | New Jersey, United States of America |
| Date of Issue | 20. c. (1900-1945) |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2020 |
| Condition | EF |
Description
The Cuban-American Sugar Company incorporated in New Jersey in 1906 was a venture associated with the American Sugar Refining Company operating mills in Cuba. In 1924 the company ran a total of 5 mills in three different provinces. The company survived at least into the 1960s when it acquired a controlling interest in Florida Sugar Corporation and held a stake in American Crystal Sugar.
Typical design for the share certificate. Large vignette of a lady representing abundance, a mill and a harbor with a steam ship (identical to the bonds issued in 1921). Punchholes and stamped “Specimen”. American preferred shares are bond like instruments that carry a fixed coupon - 7% in this case - and have a nominal value.
Sources: American Sugar Kingdom. The Plantation Economy of the Spanish Carribean 1898 - 1934, February 17, 1961 - NYTimes.com, visited on 22.2.2022