22 



THE CUBA REVIEW 



FIANANCIAL AND COMMERCIAL 



NIPE BAY COMPANY DIVIDEND 



A dividend of two per cent on the capital 

 stock of the Nipe Bay Company was de- 

 clared payable April 15th at the office of 

 the treasurer at Boston, Mass., to the 

 holders of the stock of record at the close 

 of business, March 22, 1912. 



HAVANA ELECTRIC DIVIDEND 



The regular quarterly dividend of $1.50 

 of the Havana Electric Railway has been 

 declared on the common and preferred 

 stocks, payable May 18th. Books close 

 May 1st and reopen May 29th. 



A NEW ILLUMINATING GAS 



The Blaugas Company of Cuba owns 

 outright basic patents free of restrictions 

 and royalties for the manufacture and sale 

 of Blaugas in Cuba and the Isle of Pines, 

 and has its offices in the Times Building, 

 New York. 



It is stated by the president of the com- 

 pany that because Cuba has to import all 

 its coal and oil and has no natural gas, 

 it is a most favorable field for the com- 

 pany's operations. 



Blaugas, says the same authority, is 

 made entirely (including all necessary 

 power) from gas oil, a residue from crude 

 petroleum, after all the commercial oils 

 and by-products have been removed, costs 

 less than three cents per gallon and one 

 gallon makes three pounds of Blaugas. It 

 is claimed to be non-explosive and non- 

 asphyxiating. 



The Havana office is in the National 

 Bank Building in Obispo Street. The 

 officers are: Charles H. O'Neill, president; 

 Edw. P. Coe, vice-president ; Louis H. Hol- 

 loway, treasurer ; R. H. Grunies, secretary. 



The companv was organized December 

 12, 1911. 



The railroad commission on April 13th 

 ratified the authorization previously given 

 the Cuban Central Railways to run a mixed 

 train during the sugar harvest between 

 Sagua und Concha, and vice versa. 



The Cuban Academy of Sciences has ap- 

 proved a request to the Caroline Institute 

 of Stockholm that the Nobel prize for 

 scientific discoveries be awarded to Dr. 

 Carlos Finlay, the discoverer of the fact 

 that the mosquito was the only means of 

 transmitting yellow fever, and Dr. Aris- 

 tides Agramonte, who helped to demon- 

 strate the truth of the theorv. 



MAY HURT FLOUR TRADE 



Huntington Wilson, assistant secretary 

 of state, testifying before the Senate 

 Finance Committee on April 9th, said the 

 free sugar bill would mean the abrogation 

 of the agreement between the United 

 States and Cuba, which gives the United 

 States an advantage of 20 per cent prefer- 

 ential in Cuban sugar exports ; that it 

 would seriously affect the Cuban market 

 to which the United States now exports 

 $00,000,000 of products annually, American 

 flour being the principal item affected. He 

 referred to the pending negotiations in 

 Ottawa, through which Canada expects to 

 extend its trade with the West Indies to 

 the detriment of the large market there 

 for American flour. 



CUBAN CENTRAL RAILWAYS, LTD., 

 EARNINGS 



February :kl £1.3,268 Decrease £3,015 



February 10th . . . 14,020 Decrease 2,706 



February 24th ... 14,823 Decrease 1,172 



March 2d 16,459 Decrease 1,329 



March 9th 16,317 Decrease 943 



March 16th 17,091 Decrease 993 



]\Iarch 23d 17,802 Increase 178 



March 30th 17,634 Increase 1,291 



WESTERN RAILW.AYS OF HAVANA, LTD., 

 EARNINGS 



February 3d £4,953 Dtjcrease £321 



February 10th ... 4,583 Decrease 496 



February 24th . . . 4,992 Increase 19 



March 2(1 4,958 Decrease 451 



March 9th 4,748 Decrease 209 



March 16th 4,744 Decrease 980 



March 23d 4,951 Decrease 614 



March 30th 5.401 Increase 357 



For earnings of other railroads see page 

 20. 



TUNNEL NEARING COMPLETION 



The tunnel under Havana harbor, con- 

 necting the city "end of the sewer with the 

 Casa Blanca sewer, which leads to the sea, 

 is now about finished. 



It was begun from the Casa Blanca side 

 in Alay 1910. Its extension, including the 

 decline on the other side of the harbor, is 

 about 280 meters long, and was liegun six 

 meters below the surface. 



It has the record of not having suffered 

 any casualties to men actually engaged in 

 tunneling. 



