THE CUBA REVIEW 



27 



Coffee and cacao are rapidly beconiing iiiiportant croi)s. Production and prices during 

 the past year were satisfactory. 



There was considerable development in the mining inchistry during 1916, particularly in 

 iron, manganese and copper. 



A notable feature of the trade of Cuba is the large balance of trade in her favor, viz., .SISO,- 

 000,000. For 1914-15, it was $92,000,000, and for 1913-14, §.38,000,000. 



Imports for 191.5-1(3 were $172,000,000, and exports $302,000,000. 



AMERICAN BEET SUGAR CO 



Gross earnings of the .\merican Beet Sugar 

 Company for the fiscal year ended March 31, 

 totaled $14,971,116, compared with $10,479,- 

 293 the previous year After making de- 

 duct ons for depreciation, ecc, there is a bal- 

 ance of $4,254,747, which is equivalent to 

 $28.36 a share on 150,000 s ares of common 

 stock, compared \A-ith $14.30 earned the pre- 

 \'ious year. President Duval's report places 

 the average cost of sugar sold, nc'uding 

 freight and other selling expenses, at $4.21 a 

 bag of 100 pounds, as against $3.95 last year. 



MONEY ORDERS 



The Cuban Government has paid the 

 United States $95,000 as the balance due the 

 United States in the money order service up 

 to February 28, 1917. In 1916 Cuba issued 

 143,884 money orders on American post 

 offices, amounting to $1,311,548.85. 



ARTESIAN WELL & SUPPLY CO. 



This company has just finished a well for 

 the Hormiguero Central Corporation at 

 Hormiguero, Cuba. The well is 204 feet deep, 

 j-ields 70 gallons of water per minute within 

 suction distance and 80 gallons of water per 

 minute with the pump cylinder down in the 

 well 80 feet. This is a very fine well and the 

 depth is very moderate. 



BRAZIL 



The directors of the Rio de Janeiro Trans- 

 port Co., recently founded in New York wdth 

 a capital of £1,000,000, have informed the 

 Brazilian Ministers of Commerce and Ma- 

 rine of the forthcoming initiation of their 

 service with large and rapid cargo boats, 

 which will assure a regular connection be- 

 tween the United States and Brazilian ports. 

 The commercial exchange between the two 

 countries will be further assured by the West 

 Indies Steamship Co., which, on the one 

 part, will carr>' on a regular service between 

 Cuba and the United States, and on the other 

 between Cuba and Brazil, the River Plate 

 ports and the Pacific, making the return jour- 



ney via the Panama Canal. — Financial N'ewSf 

 London. 



DELAWARE CHARTERS 



Cuba Development Co., deal in and with 

 stocks, bonds, etc., $1,000,000; Herbert E. 

 Latter, C. L. Rimlinger, Clement M. Egner,. 

 local Wilmington, Del., incorporators. 



Cuba Motor Company, manufacture, buy^ 

 sel] and deal in and with automobiles, etc., 

 $10,000; L. B. PhilHps, J. B. Bailey, local 

 Dover incorporators. 



West Porto Rico Sugar Co., acquire sugar 

 plantations and to erect and maintain sugar 

 factories, $3,000,000; Carlos Cabrea, Julian 

 B. Shope, Bartolmi Surda, New York. 



Cuban Colono Co., plant, grow and cultivate 

 sugar cane and operate sugar plantations^ 

 $7,800; M. V. Haywood, C. L. Rimlinger, 

 Clement M. Egner, local Wilmington, Del., 

 incorporators. 



NEW YORK CHARTERS 



The Cuban Confectionery and Trading Co., 

 Inc., merchandise importers, exporters, $80,- 

 000; H. B. J. Craig, L. L. De. La Barra, T. 

 W. Osterheld, 120 Broadway. 



The Cuban Amiesite Co., Inc., patented 

 pa\'ing products, patented cement, shares no 

 par value, begin with $500; W. C. Zeller, 

 G. Link, Jr., E. C. Draper, 17 Batterj^ Place. 



HAVANA CUSTOM HOUSE RECEIPTS 



1916 1917 



January $2,280,601.09 $2,873,993.06 



February 1,863,434.44 2,260,266.97 



March 2,285,048.74 2,356,160.54 



Totals $6,429,084.27 $7,490,420.57 



HAVANA 



Mayor Varona Suarez, in a report to the 

 City Council, states that in the past fiscal 

 year the City of Havana received $4,619,- 

 626.27 and spent $5,682,106.45, a difference 

 of $1,062,480.18 as the deficit for the past 

 year. 



