THE C U li A I{ ]•: V 1 1-. W 



21 



CUBAN FINANCIAL MATTERS 



THE PREVAILING PRICES FOR CUBAN SECURITIES 



As quiit(j I liij Lawrcitcr Turiiiirc & Co , Xew York. 



Bid Asked 



Republic of ( 'viba Interior Loan 5% bonds 93 95 



Republic of Cuba Kxterior Loan 5% Bonds of 1944 99^ 99^ 



Republic of Cuba Fxterior Loan 5% Bonds of 1949 9o 96 



Republic of Cuba Kxterior Loan 4}/2% Bonds of 1949 8(5 none 



Havana City First Mortgage 6% Bonds 103 105 



Havana City Second Mortgage 6% Bonds 102 105 



Cuba Railroad Co. Preferred Stock 85 90 



Cuba Railroad Co. First JNFortgage 5% Bonds of 1952 85 90 



Cuba Company 6% Debenture Bonds 90 95 



Cuba Co. 7% Cumulative Preferred Stock 93 100 



Havana Electric Railway Co. Consolidated Mortgage 5% Bonds 94 90 



Havana Electric Railway, Light & Power Co., Preferred Stock 104 J^ 



Havana Electric Railway, Light & Power Co ., Common Stock 993^ 



Matanzas Market Place 8% Bond Participation Certificates 100 none 



Cuban-American Sugar Co., Preferred Stock 104 lO.S 



Cuban-.-Vmerican Sugar Co. Common Stock ISO 195 



Cuban-American Sugar Co. Collateral Trust 6% Bonds 100^8 100% 



Guantanamo Sugar Company Stock 58 62 



Santiago Electric Light and Traction Co. 1st mtge. 6% bonds 90 95 



THE CUBA RAILROAD 



The Cuba Railroad has announced the 

 resignation of Sr. Francisco Rosado, formerly 

 General Traffic Agent of the RaUroad. Sr. 

 Mariano Cibran has been appointed to suc- 

 ceed Sr. Rosado. 



CUBA SUBMARINE TELEGRAPH 



The accounts of the Cuba Submarine Tele- 

 graph Company reveal a satisfactory increase 

 in earnings, gross and net. The former have 

 risen from £45,300 in 1915 to £51,700 in 1916, 

 and the latter from £16,200 to £33,700. The 

 improvement enables the directors to raise 

 the dividend from 5 per cent, to which figure 

 it was lowered two years ago from 6 per cent 

 to 7 per cent., of which 2 per cent, is reckoned 

 as bonus. A sum of £14,000 is transferred to 

 reserve, to which no appropriation was made 

 last year, and while no further allocation is 

 made to the pension fund, to which £2,500, 

 was added last year, the carry-forward is 

 maintained at £7,600. The reserve fund, 

 which stood a year ago at £100,000, has been 

 charged with £24,000 on account of the depre- 



ciation of investments and allowing for the 

 addition now made to it out of last year's 

 revenue, it now amounts to £90,000. The 

 book value of the investments is £91,800. — 

 Financier and BuUionist, London. 



NATIONAL SURETY COMPANY 



The National Surety Company of Xew 

 York has been qualified to do business in 

 the Republic of Cuba, and has opened a 

 branch office under the management of Mr. 

 Heaton M. Waring, who also has supervision 

 over IMexcio, ^'irgin Islands, Santo Domingo 

 and Hayti. 



Temporary offices have been opened in 

 Teniente Rey Xo. 11 (Altos), which will soon 

 be moved to the new office building on Man- 

 zana de Gomez, now approaching completion. 



GUARANTY TRUST COMPANY 



Sosthenes Behn has been appointed repre- 

 sentative of the Guaranty Trust Company 

 of New York for the Island of Cuba, with 

 offices at Havana. Mr. Behn is also president 

 of the Cuban Telephone Company. 



