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United States Shipbuilding Company Common & Preferred Stocks, 1902 [128633]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:100.00 USD Estimated At:200.00 - 400.00 USD
United States Shipbuilding Company Common & Preferred Stocks, 1902  [128633]
SOLD
120.00USDto d*******f+ buyer's premium (30.00)
This item SOLD at 2021 Feb 13 @ 10:21UTC-8 : PST/AKDT
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A common stock and a preferred stock from the company, both issued in 1902. Nice vignette of a large battleship at the bottom. The United States Shipbuilding Company was a short-lived trust made up of seven shipbuilding companies, a property owner and Bethlehem Steel Company. Its stocks and bonds were unattractive to investors, and several of its member shipyards were overvalued, conditions which brought down the company less than a year after it was formed in 1902. The company was replaced by the Bethlehem Steel Corporation in 1904 (wiki). Trusts were on the way out during this period and this company was a total failure. Franklin-Lee Bank Note Co. Uncanceled and rare. VF.

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Provenance: Ken Prag Collection