THE CUBA R E \- I E W 



13 



INCREASING PRODUCTION OF CUBAN TOBACCO 



In 1910, Cuba produced $25,090,781 worth 

 of manufactured tobacco in various forms. 

 Of this she consumed $12,644,372 and ex- 

 ported $12,446,409 worth. In 1911 she pro- 

 duced $26,920,777, consumed $13,33.'j,340 

 and exported $13,585,537 worth, virtually 

 one-half in each year. To these figures 

 must be added 308,479 bales of unmanufac- 

 tured tobacco exported in 1911, valued at 

 $58.07 per bale, or $17,193,376. Following 

 are the details of manufactured tobacco by 

 quantities : 



TRODUCTIOX 



Manufactures 1910 1911 



Cigars, pieces 340,644,299 368,666.438 



Cigarettes, boxes or bundles.. 236. 189, 179 245,558.621 

 Picadura, kilos 301.419 405.062 



CONSUMPTION 



Cigars, pieces 169,215,575 180.537,250 



Cigarettes, boxes or bundles. .223, 318,713 231,386,209 

 Picadura, kilos 232,310 241,334 



EXPORTATION 



Cigars, pieces ...- 171,428,474 188,129,188 



Cigarettes, boxes or bundles . 12,870,466 14,172,412 



Picadura, kilos 104,553 295,049 



Xot only were all the quantities greater 

 in 1911, but prices having advanced, the 

 valuations outran the quantities, evincing 

 a healthy and profitable trade. The most 

 noticeable detail is the fact that nearly all 

 the cigarettes were consumed on the island, 

 whereas formerly the}' were exported in 

 very much greater quantities. This is due 

 to the substitution of the Russian papiross, 

 which is made chiefly in the Ignited States, 

 and out of Cul)an picadura and other to- 



baccos, mixed; a testimony of the superior 

 taste of our manufacturers. 



In 1911 the average value of the cigars 

 exported from Cuba was $68.83 per thou- 

 sand ; of cigarettes, $28.36 per thousand 

 boxes : and of picadura, 83 cents per kilo- 

 gram ; the total exportation amounting in 

 value to $31,500,764 in 1911 against $27,- 

 359,626 in 1910. 



It should be possible to tranquilize her 

 people when Cuba, under independent gov- 

 ernment, can show such prosperity as this 

 in a single staple industry. — IVall Street 

 Journal. 



Reports on the new Culian crop comes 

 by way of Key West and are on the whole 

 highly satisfactory, the yield being plenti- 

 ful and the stock of good quality, especially 

 fillers. Wrappers, it is said, w-ill not strike 

 the eye favorably, as the}' have a poor 

 appearance, but the smoker will be pleased 

 with them, as they possess good burn and 

 aroma. 



Havana correspondence of the United 

 States Tobacco Journal under date of June 

 ist said that the "present racial trouble 

 in the island interferes with operations in 

 the country to some extent. Last year at 

 this time one factory had $209,000 out buy- 

 ing Vegas of tobacco, but this year not one 

 cent so far. A condition which must be 

 severely felt by the farmers." 



The more the tobacco situation in Cuba 

 is studied, the more it becomes apparent 

 that there is going to be a great scarcitv 

 of light colored wrappers. 



inancial 



Notes 



HAVANA STOCKS LISTED 



Among the stocks recently listed on the 

 New York Stock Exchange are those of 

 the Havana Electric Railway Light and 

 Power Co. to the extent of $15,000,000 par 

 value per cent cumulative preferred stock 

 and $15,000,000 par value common. 



In connection wih its application for the 

 listing of its stock, the company has issued 

 a statement of income, combining the re- 

 turns of the Havana Electric Railway Co. 

 and the Havana Gas & Electric Co. for the 

 quarter ended March 31st last as follows: 



Total earnings $685,396 



Expenses 311,358 



Net earnings $474,038 



Previous surplus 2,138,432 



Total surplus $2,612,471 



The common and preferred stocks of the 

 Havana Electric were stricken from the lists. 



The Spanish American Iron Company 

 has called in, for redemption, $165,000 of 

 its first mortgage, twenty year, sinking- 

 fund, six per cent gold bonds dated July 

 1, 1907. These will be paid on July 1, 

 1912, at par and interest, at the Girard 

 Trust Company, trustees, at Philadelphia, 

 Pennsylvania. 



The National Bank and Trust Company 

 of the Isle of Pines has b^en organized 

 by Cuban and American capital with $5,000, 

 000.00 capital stock, and with banks at 

 Sante Fe and Xueva Gerona. 



I\Ir. E. L. Kennedy of Xueva (ierona 

 is president, and 'Sir. J. A. Miller of Xueva 

 Gerona is vice-president. Mr. W. H. 

 Xorth, also of Xueva Gerona, is cashier. 



The profits of the Cuban Telephone 

 Company for May aggregated $40,465. 



On May 1st, the company had 9,220 sub- 

 scribers and on June 1st 9.430, an increase 

 of 210. 



