| Type | First Preferred |
|---|---|
| Nominal | 100 US-$ |
| Coupon Rate | 7% |
| Place of Issue | New York, United States of America |
| Date of Issue | 20. c. (1900-1945) |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2022 |
| Condition | UNC |
Description
Godchaux Sugars was based on the sugar empire brought together by Leon Godchaux. Godchaux had started as a poor immigrant and became a millionaire putting together sugar estates across Louisiana after the Civil War. Godchaux Sugars Inc. was incorporated and acquired the family sugar business (primarily refining) and was a major US sugar company. The company remained profitable through the great depression. By the 1950s the firm ran two largish refineries and owned considerable cane land. The company remained controlled by the family until the family sold in 1958 and the company subsequently went out of business.
Quite typical first preferred stock with a large vignette of cane being brought to a mill. Stamped “Specimen”, 00000-nubered and punchholes.
Stock exchange listed in Chicago.