^Lot 474 The American Cotton Oil Trust,

NY. 188-. Specimen. Odd shs, brown. Allegorical woman with eagle, cornucopia with coins falling out and barrels of cotton oil. In 1884 the American Cotton Oil Trust was formed, and in 1889 its name was changed to the American Cotton Oil Company. It was founded to trade in cotton seeds and cottonseed oil. The original Dow Jones Industrial Average, or DJIA consisted of 12 stocks including American Cotton Oil Company, which eventually became a part of Best Foods. Possibly one of the first example of a Dow Jones Industrial Average certificate predecessor company certificates. Unique in archive. HBNC. XF.