THE CUBA REV I E W 



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Iiiterioi- View of the Bank of Cuba in New York. 



THE BANK OF CUBA IN NEsV YORK 



The Bank of Cuba in New York is now 

 located in larger quarters at 34 Wall Street. 

 The rapidly d3\elopinp trade and increasing 

 financial relations between the United States 

 and Cuba mads in necessary for this bank to 

 obtain larger quarteis. 



JEWELRY PRICES 



Although there are constant changes in 

 prices due to increased cost of raw matenal, 

 supplies, etc., and to the scarcity o' labor, it 

 can be sail in general that Cuban prices on 

 goll articles without precious stones have ad- 

 vanced 20 to 35% above piices before the 

 war, the extent of the increase depend ine- upon 

 the nature of the goods and the country 

 where they are made. A week ago a Paris 

 firm raised the price of 18-carat gold in 

 articles sold by weight from 2.90 francs per 

 gram to 3.53 francs (from $0.87 per penny- 

 weight to $1.03 at normal exchange). Wrile 

 this is extreme, it indicates that France can 

 not compete with the United States in price 



at the present time; some complaint is made 

 also about French workmans' ip. 



English firms are doing very little in Cuba 

 at present. Advices indicate that British 

 manufacturers are paying $1.21 a penny- 

 weight for fine gold, which woul I prevent 

 their effective competition. T.hat they are 

 carefull}^ preparing for the future is indicated 

 by their having undertaken an investigation 

 of South American markets. 



At present Cuba buys piactically all its 

 electroplated goods in the United States. A 

 Paris firm that makes a line of goli-filled 

 jewelry under the trade name "Fix" sent re- 

 vised quotations to the trade in December, 

 raising prices 45%. Former increases by this 

 firm are reported as 10% and 25S^. It is im- 

 possible to state accurately price increases on 

 platinimi jewelry owing to the nature of the 

 wares and the fact that these goods are usually 

 set wiih precious stones. 



It s.hould be kept in mind price is but one 

 factor in foreign trade; quality and ser\dce are 

 regarded as of equal, if not greater, import- 

 ance by the Cuban merchant. — Special Ag'nt 

 S. W. Rosenthal. 



