Cuban Dominican Sugar Corporation

Common | May 17, 1927 | 80 pieces
TypeCommon
Security Number67
Represented Quantity80
Place of IssueMaryland, United States of America
Date of IssueMay 17, 1927
Printing FirmAmerican Bank Note Company
LanguageEnglish
Year of Acquisition2020
ConditionEF

Description

The Cuban Dominican Sugar Corporation was a major undertaking with a numer of mills in Cuba (3 directly and another 4 through the Sugar Esates of Oriente) and the largest operator in the Dominican Republic. This Maryland corporation set up in 1926 was itself the result of a string of reorganizations and succeeded the Cuban Dominican Sugar Co. It belonged to the sphere of influence of the National Sugar Refining Company. The company struggled in the crisis of 1929-31 and its assets were once more reorganized and acquired by the newly formed West Indies Sugar Corporation in 1933.

Certificate for less than 100 shares of Common Stock. Typical design with unsual vignette showing three separate scenes with the mill, a crane loading cane and steam train bearing “Central Isabel” moving through cane land. This certificate was issued as part of the reorganization of the company beginning in 1931 given to shareholders who had deposited their shares in the company with City Bank Farmers Trust Company.

The “Central Isabel” (ie mill) was incidentally probably not part of the Cuban Dominican Sugar Corporation but seems to have belonged to a sister company: the Guantanamo Sugar Company.

Cuban Dominican Sugar Corporation | Museum Fraikin