NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2020 Dec 10 @ 11:00UTC-4 : AST/EDT
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NY. 1966. Lot of 4 different denomination specimen bonds, All are Hooker Chemical Corp., Specimen Registered 4 7/8% Debentures. Includes $-Odd, purple; $1000, green; $5000, Brown; and, $10,000 Orange. All with the same vignette of standing allegorical woman with torch, with Niagara Falls waterfall behind her. Hooker Chemical Company, also known as Hooker Electrochemical Company and now Occidental Chemical Corporation, was an American chemical company that produced chloralkaline products from 1903 to 1968. In 1922, Hooker bought the S. Wander & Sons company for the retail sales of lye and chlorinated lime. Hooker Chemical was best known for the chemical waste site Love Canal, which it sold in 1953, and led to a lengthy lawsuit several decades later. The company was founded in 1903 as "the Development and Funding Company" by Elon Huntington Hooker, of Rochester, NY. Hooker created the company to utilize the Townsend cell to electrolyze salt into chlorine and sodium hydroxide (NaOH), also known as "caustic soda" and "lye," in a chloralkaline process. Elmer Sperry, founder of Sperry Electric, and Leo Baekeland, inventor of Bakelite and Velox photographic paper, consulted for Hooker to improve the design of the cell. The company was sited in Niagara Falls, NY because of the low cost electricity from the Niagara Falls power project (completed in 1895), the abundance of salt from nearby mines, and availability of water from the Niagara River. All in Uncirculated condition. (4)
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BIDDING
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ARBITRATION
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BIDDING STEPS
12. Bidding Steps shall be as follows:
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BIDS BY TELEPHONE
(a) Must be confirmed in writing unless waived by the auctioneer.
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