Thursday, October 13, 2022

1898 Dow Industrials Components: American Sugar Refining Company

Incorporated in 1887, the American Sugar Refining Company would become one of the original 12 companies in the Dow Industrials Stock Index when it was created in 1896.  By 1907 the firm owned or controlled 98% of sugar refining capacity in the United States.  I've yet to learn what American Sugar transactions that might have taken place during the 1898-1902 tax period that might have required the stamp below, though the firm was very active with corporate acquisitions that might have required documentary stamps.



AMERICAN
SUGAR REF. CO.
JUN 2XXX

scan courtesy of David Thompson

Meanwhile, trading in American Sugar Refining was very active, as it was one of the largest companies listed on the New York Stock Exchange.  A few examples of those trades are provided below:


Charles Head memorandum of sale to D. Bacon.
100 shares of American Sugar @129.00 on Dec 29, 1899

American Sugar Refining was big and dominant enough that the simple "sugar" moniker was all that was necessary on the share line.


J. H. Griesel memorandum of sale to Eames & Moore on behalf of G P. Mellick.
100 shares of American Sugar @ 102.25 on Mar 5 1900



Pearl & Co memorandum of sale to Eames & Moore.
100 shares of American Sugar @ 135.50.  no date.

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