American Sugar Co. - 1960's dated Sugar Refining Stock Certificate
Inv# GS1025 Stock
General Stock. Vignette of three male figures. Elaborate border engraved by the American Bank Note Co. Available in Blue, Orange or Brown. Please specify color.
The American Sugar Refining Company (ASR) was the largest American business unit in the sugar refining industry in the early 1900s. It had interests in Puerto Rico and other Caribbean locations, and operated one of the world's largest sugar refineries, the Domino Sugar Refinery in Brooklyn, New York. The Domino brand name was acquired in 2001 by Florida Crystals Corporation and rebranded as American Sugar Refining, a new company created in 1998 and unrelated to the prior firm by that name.
The Sugar Refineries Company or Sugar Trust was incorporated in late 1887, with Henry Osborne Havemeyer as president. Sugar Trust was forced to reorganize after the Sherman Antitrust Act of 1890 outlawed trusts that formed monopolies, such as the Sugar Trust. The ASR was incorporated in the state of New Jersey on January 10, 1891 by Henry Osborne Havemeyer, with $50 million in capital. By 1907, it owned or controlled 98% of the sugar processing capacity in the United States. Read more at https://en.wikipedia.org/wiki/American_Sugar_Refining_Company
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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