AMERICAN SUGAR REFINING COMPANY, THE, incorporated in New Jersey, U.S.A., on Jan. IQ, 1891, succeeded the Sugar Refineries Company, organized in 1887. The capital stock in 1891 was $5o,000,000, was increased in 1892 to $75,000, 000, and in 1901 to $90,000,00o. The stock consists of 450,000 shares of 7% cumulative preferred and 450,00o shares Of common. In 1922 $3o,000,000 of 15-year 6% debenture bonds were issued. All were redeemed by January 1, 1935. The stockholders number approximately 22,000, of whom about one-half are women.
The company, and its subsidiaries, own five refineries for man ufacturing Domino and Franklin refined sugar from raw cane sugar, chiefly from Cuba, Porto Rico, Philippines, Hawaii and Louisiana. The daily melting capacity is about 16,000,000 lb. It supplies about one-fifth of the refined sugar consumed in the whole United States. It has two modern raw sugar factories at Cunagua and Jaronu in Cuba, with Soo sq.m. of land, 191 m. of railroad and the capacity to produce 600,000,000 lb. of raw sugar each year.
The Brooklyn Cooperage Company, a subsidiary, is one of the largest manufacturers of barrels in the world. (A. B. Wm.)