National Sugar Refining Co. - 1960's-80's dated Stock Certificate - Great History
Inv# GS1190 Stock
Stock with superb vignette of harbor scene. Exceptional. Rare!!! Available in Dark Blue or Light Blue. Please specify color. As a result of the Arbuckle price war, the few independent refineries that were built in the 1890s began to experience financial difficulties. Taking advantage of this, H.O. Havemeyer moved to acquire the remaining independent firms: the Mollenhauers Refinery in Brooklyn, National Sugar Company in Yonkers, and New York Refining Company in Long Island City. He did so anonymously, using James H. Post, partner in the independent sugar broker firm B. H. Howell, Son & Company. The three refineries were consolidated into the National Sugar Refining Company of New Jersey, with James H. Post as president and B.H. Howell, Son & Company handling the mercantile side of the business. On May 31, 1900, the National Sugar Refining Company of New Jersey was incorporated in New Jersey. Although independent of the Sugar Trust, the American Sugar Refining Company owned half its stock and the National received preferential treatment from the Sugar Trust. Read more at https://en.wikipedia.org/wiki/Henry_Osborne_Havemeyer#National_Sugar_Refining_Company_of_New_Jersey_%281900%29
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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