Monday, July 11, 2016

Guadeloupe on the map

Guadeloupe is a small group of islands forming one French overseas department in the Caribbean. Very few Guadeloupean bond and share certificates are known. G Cifré's La France d'Outre-Mer only lists seven certificates. From a statistical point, the chance of finding scripophily with a map of Guadeloupe would be one in a million.

Société Anonyme des Usines de Beauport
5000 Francs share, undated

In 1908 the sugar factory Société Anonyme des Sucreries de Port-Louis (SASPL) was taken over by three Bordeaux families, who operated it as the Société Anonyme des Usines de Beauport (SAUB). The company was founded in 1863 and made use of its own railway system to transport sugar cane from the surrounding estates. After World War I more and more bananas were grown on the islands. Sugar, once a highly profitable trade, lost gradually its importance and suffered from several poor harvests. SAUB went bankrupt in 1981.

The map on the certificate shows Guadeloupe's two main islands.
It is not visible on the rather roughly drawn map, but both islands,
Basse-Terre and Grande-Terre, are separated by a narrow sea channel
called Rivière Salée (Salt River).
Double-click image to enlarge.

Guadeloupe was colonized from 1635 onward by the Compagnie des Îles de l'Amérique, a French chartered company. Over the next two centuries the British seized the island group several times from the French. Just before French control of Guadeloupe was internationally accepted after the 1815 Treaty of Vienna, Sweden owned Guadeloupe for about 15 months as a result of the Anglo-Swedish Alliance in 1813. Have you seen any early Swedish Guadeloupe scripophily ? Me neither, but scripophily often reveals big surprises, sooner or later.


Reference links

Monday, July 4, 2016

Archives International Auctions - part XXXIV

The United States of America
3% (Spanish-American War) Loan of 1898-1918
bond for $20 including complete sheet of coupons
Lot 481 in AIA's XXXIV auction
The Guerra Hispano-Americana was a conflict fought between Spain and the United States in 1898. Officially at stake were the Cuban and Filipino struggles for independance from Spain. The US wanted to protect their economic interests (sugar trade) and saw an opportunity to increase their military naval presence overseas. The ten-week war was fought primarily in Cuba and the Philippines. After Spain's defeats, both parties signed the Treaty of Paris on December 10, 1898. As a result Spain gave up sovereignty over Cuba, ceded Puerto Rico and Guam to the US, and sold the Philippine Islands to the United States for twenty million dollars.

This bond was issued under authority of an Act of Congress entitled The War Revenue Act of 1898. The act authorized a tax on a wide range of goods and services in order to collect funds for America's participation in the Spanish–American War. The act further gave the U.S. Treasury permission to issue a two hundred million dollar war loan at 3% interest. The phrase 'An Act to provide ways and means to meet war expenditures', mentioned on the illustrated bond, refers to The Committee on Ways and Means, which is the chief tax-writing committee of the United States House of Representatives and which has jurisdiction over all taxation, tariffs, and other revenue-raising measures.

This auction contains almost 400 lots of scripophily.
  • Dates : July 26, 2016 
  • Place : Fort Lee, NJ 
  • Further info : see here , for the catalog there


Friday, June 24, 2016

Scripophily magazine celebrates 100 issues

The "World Auction Sales" table in Scripophily magazine reports the performances of auctions over the preceding period. Auctions are measured by the number of lots offered, sell ratio and the corresponding turnover. Also, included is eBay as an auction platform. Did you know that, over the period Dec 2015 - Feb 2016, the average lot price recorded in eBay's scripophily section was €14 in Europe, and €23 in the US (*).
(*) after applying cleansing operations on the data, such as eliminating double counted lots, because some auctioneers sell simultaneously through eBay

Scripophily magazine No. 100 - April 2016
Scripophily magazine No. 100 - April 2016

Scripophily magazine was first published in 1982 under the name The Bond & Share Society Journal. In April 2016 the International Bond & Share Society honoured the joyous occasion of the journal's hundredth publication with a separate 44-page commemorative section, printed nostalgically in black and white on A5 paper size. The magazine has come a long way. Editor Max Hensley explains:
A technological advance of great importance for Scripophily (magazine) has been the Internet. The Dec 2015 issue contained an article written in Turkey, edited in the US and composed in the UK, all within weeks. This would have been impossible before the internet.
Editor Max adds that today, the magazine appears on high quality paper, articles are longer and brought with more images in full color. Journals from the 1990s contained an average of 5 auction reports whereas now the issue reports about twenty to thirty auctions. Every issue was produced " .. without paying a penny for content."

" The hollow surprise of the Londonderry Gold Mine is one
of the articles from the commemorative section in Scripophily
magazine, written by Anne Marie Hendy. It reads like Harry Potter."
, says this unshaven blogger.

As usual, this issue brings society matters, market news, bourse reviews, auction reviews, an events calendar, member classifieds, book reviews, interviews and lots of pictures of collector friends and bonds and shares. The commemorative section contains the following set of snapshots from the first two decades :
  • Out of the ordinary bonds in out of the way auction, a comic essay
  • The formation of British companies to 1856
  • Further "nuggets" from Western Australia : The hollow surprise of the Londonderry Gold Mine
  • Coastal shipping - a brief, about British coastal shipping scripophily
  • The expensive business of raising railway loans : the Shanghai-Nanking Loan Agreement
  • The "Train Renard"
  • Auction reports, reports on the F.H.W. and Witula auctions from 1992
  • Dome and Lakeshore - two top Ontario gold mines
  • Trillion $$$ Standard Oil stock comes home !
  • UK Tramways - a neglected field of scripophily
  • The King George's Sound Company - the American/Chinese fur trade in 1785
  • Philoscripy? Bonditry? Shyloxis? , explains the origins of the word scripophily
  • Dangerous Edison forgeries on the market
  • HP Magazin, a summary from HP magazine Jan 1996
  • Share companies in Soviet Russia
  • A major art thief signs shares, the story of Arsène Goedertier and the Plantexel  company
  • The man who robbed the Robber Barrons, about William Mann, founder of the Mann's Boudoir Car Company
  • Otto Mears, Colorado railroad pioneer
  • Art Nouveau-Jugendstil
  • Scripophily in Tokyo
  • Go West, yunger Mann ! , German immigrants in Texas
Scripophily magazine is a publication from IBSS .