The National Sugar Refining Company
Capital Stock | 20. c. (1900-1945) | 100 pieces| Type | Capital Stock |
|---|---|
| Represented Quantity | 100 |
| 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 | 2015 |
| Condition | EF |
Description
The National Sugar Refining Company (NSR) was incorporated in 1900 acquiring the assets of three refineries - the New York Sugar Refining Company, the Mollenhauer Sugar Refining Company and the National Sugar Refining Company - all in New York. By 1936 the refinery at Yonkers was demolished and in 1927 a fourth refinery in New York had been acquired. The NSR was one of three “independent” refiners that existed alongside the “Sugar Trust” but colluded closely - which meant that it would align production quantity and benefit from transportation rates equal to that of the trust and in this case the American Sugar Refining Company owned a substantial stake in the company (initially all the common stock plus some preferred) and therefore controlled it. The NSR in turn owned a 25% stake in the W. J. McMahan Sugar Refining Company. The company sugar was marketed under the “Jack Frost” brand. In 1968 the company was taken private.
The NSR was also involved in the control of a number of important Caribean sugar enterprises including the Cuban-American Sugar Co., the Guantanamo Sugar Co. and the Cuban Dominican Co.
Typical mid-20th century certificate for 100 shares of capital stock. Large vignette with the refinery building on the river front with plenty of ships and cranes. Punchholes and stamped “Specimen”. The design of this piece must predate 1944 because Charles D. Bruyn who signed as president retired from that position in 1944 (from 1948 - 1968 it was held by Horace Havemeyer jr.)