THECUBAREVIEW 19 



CUBAN FINANCIAL MATTERS 



EARNINGS OF THE HAVANA ELECTRIC RAILWAY. LIGHT & POWER CO. 



Month of July: 1918 1917 1916 1915 



Gross earnings $694,089 $575,442 $492,520 $448,505 



Operating expenses 321,783 251,218 192,999 184,32S 



Net earnings 372,306 324,224 299,521 264,177 



Miscellaneous income 8,470 15,525 13,945 11,737 



Total net income 380,776 339,749 313,466 275,914 



Surplus after deducting fixed chrarges 240,703 193,133 169,545 168,581 



Seven months to July 31 : 



Gross earnings $4,614,173 $3,826,484 $3,386,516 $3,199,879 



Operating expenses 2,106,110 1,655,773 1,312,519 1,309,590 



Net earnings 2,508,063 2,170,711 2,073,997 1,890,290 



MisceUaneous income 88,820 91,183 80,607 61,244 



Total net income 2,596,883 $2,261,894 $2,154,604 $1,951,534 



Surplus after deducting fixed charges 1,636,823 1,156,404 1,249,319 1,188,225 



THE PREVAILING PRICES FOR CUBAN SECURITIES 



As quoted by LawrenceTurnure &Co., New York 



Bid. Asked. 



Republic of Cuba Interior Loan 5% Bonds 85 87 



Republic of Cuba Exterior Loan 5% Bonds of 1944 98 99 



Republic of Cuba Exterior Loan 5% Bonds of 1949 92 93 



Republic of Cuba Ex-terior Loan 43/^% Bonds of 1949 80 83 



Havana City Firtt Mortgage 6% Bonds 100 J04 



Havana City Second Mortgage 6% Bonds 98 lOi 



Cuba Railroad Co. Preferred Stock 70 75 



Cuba Railroad Co. First Mortgage 5% Bonds of 1952 78 90 



Cuba Company 6% Debentm-e Bonds 86 95 



Cuba Co. 7% Cumulative Preferred Stock 90 100 



Havana Electric Railway Co. Consolidated Mortgage 5'^':^ Bonds 85 90 



Havana Electric Railway, Light & Power Co., Preferred Stock 100 



Havana Electric Railway, Light & Power Co., Common Stock 90 



Matanzas Market PlaceS^c Bond Participation Certificates 100 1C8 



Cuban-American Sugar Co., Preferred Stock 105 



Cuban- American Sugar Co., Common Stock 135 160 



Guantanamo Sugar Company Stock 55 60 



Santiago Electric Light & Traction Co. 1st Mortgage 5% Bonds 88 92 



MANUFACTURES OF SILK 



The following table v as ccmi:iled by the United States Tariff Commission: 



Exports of Manufactures 

 in Silks, frorn the United States to Cuba. 

 1912 1913 1914 1915 1916 1917 



Cuba $155,931 $139,286 $83,358 $117,624 $299,025 $271,260 



