THE CUBA REVIEW 



19 



RAILROADS AND FINANCIAL. 



Report of the Cuba Company — Earnings of the United Railways of Havana, the 



Havana Electric Co., Etc. 



Cuba Railroad. 



The report of the Cuba Railroad Co., for 

 the month of October and four months end- 

 ed October 31, compares as follows : 



1908. 



October gross $133,195 



Expenses 83,997 



October net 49.198 



Charges 32,488 



October surplus $16,710 



Four mos. gross 556,052 



Expenses 341,100 



Four nios. net $214,952 



Charges 129,275 



1907. 



$L^4,118 

 99,705 



$34,413 

 28,329 



$6,084 

 577,574 

 417,992 



$159,582 

 113,317 



United Railway s Earnings. 



The earnings of the road, which suf- 

 fered much during the summer months, 

 are beginning to show the effects of in- 

 creased winter business. 



The total earnings for the week end- 

 ing November 28 were £14,005, as 

 against £13,580 during the same week 

 in 1907, an increase of £425. The earn- 

 ings of the road for the present eco- 

 nomic year are £268,470, which show 

 a deficit of £11,210. 



Four mos sur $85,67/ $46,265 



National Bank of Cuba Absorbes the 

 Banco de la Habana. 



Announcement was made Nov. 17 that the 

 Banco Nocional de Cuba would absorb the 

 Banco de la Habana, for which negotiations 

 had been progressing for several months. 



An agreement was finally reached after 

 Mr. Vaughan, president of the National 

 Bank, had consulted with financial interests 

 in Paris and New York, and finally with 

 Mr. De Zaldo, president of the Bank of 

 Havana. In New York J. P. Morgan and 

 Company and the National City Bank, usual- 

 ly financial rivals, reached an agreement on 

 the subject. The National City Bank has 

 practical control of the Bank of Havana. 



The present capital of $5,000,000 of the 

 National Bank will not be increased. The 

 combination will make the National Bank 

 the most powerful financial institution in 

 Cuba. 



The Banco Nacional will conduct the 

 liquidation of the Bank of Havana. 



Havana Electric Railway's Earnings. 



The earnings for the week ending No- 

 vember 28 of the Havana Electric Rail- 

 way show an increase of $1,871 over the 

 same week in 1907. The earnings for 

 the week were $34,636, as against $32,- 

 765 in 1907. 



There has been no decrease in the 

 earnings of this road and instead it 

 shows an increase of $96,530 since Janu- 

 ary 1 over the earnings in 1907, which 

 were $1,612,914. 



Camaguey Company's Earnings. 



The following is a comparative state- 

 naent of the earnings of the Camaguey 

 Company, Limited, for the month of 

 October. 1907-8, and for ten months 

 ending October 31: 



1907 1908 Increase 

 Gross ... 6,961.76.11,283.69 4,321.93 

 Nett .. .. 3.187.68 4,915.55 1,727,87 



For ten (10) months ending October 

 31, 1907-8: 



1907 1908 Increase 

 Gross .... 62,974.75 97,423.48 34,448.73 

 Nett . . . . 32,345.98 44,542.40 12,196.42 



QUOTATIONS FOR CUBAN SECURITIES. 



Supplied by LAWRENCE TURNUKE & CO., New York City, Dec. 4. 1908. 



Republic of Cuba 5 per cent, bonds 



Republic of Cuba 6 per cent, bonds 



Republic of Cuba 5 per cent, new bonds (inter 

 Havana City first mortgage 6 per cent, bonds.. 

 Havana City second mortgage 6 per cent, bonds 

 Cuba Railroad first mortgage 5 per cent, bonds 



Cuba Railroad preferred stock 



Cuba Company 6 per cent, debentures 



Havana Electric consolidated mortgage 5 per ce 



Havana Electric preferred stock 



Havana Electric common stock 



United Railways 



ior loan) 



nt. bonds 



Prices in Havana on Dec. 10 for Cuban securities were as 



Securities. Bid. Asked. 



United Rys. bonds Ill ^6 



United Rys. stocks 995^ 99^ 



Gas Co. bonds HI 114 



Gas Co. stocks 105 110 



Spanish Bank ^TV-^ 78^^ 



Securiti s. 

 Havana Electric pfd.. 

 Havana Electric com . . 

 Interior Debt 



Havana Central stc 

 nominal. 



