22 



THE CUBA REVIEW 



SOME BUSINESS ITEMS 



A YEAR S CUSTOMS COLLECTIONS 



From all the custom houses in the re- 

 public the collections for the fiscal year 

 ended June 30, 1912, were as follows : 



1910-11 1911-12 



July $2,012,912 $2,329,411 



August 1,947,571 2,367,013 



September 2,069,532 2,339,048 



October 1,836,350 2,411,613 



November 2,447,508 2,858.737 



December 2,345,422 2,566,492 



January 2,225,383 2,446,429 



February 1,968,944 2,044,608 



March 2,358,563 2,354,545 



April 1,976,710 2,154,353 



May 2,138,126 2.077,303 



June 2,130,490 2,269,067 



Total $25,457,517 $28,218,623 



CUBAN TELEPHONE COMPANY 



For August, 1912, the receipts aggregated 

 $57,732.64. Deducting operating expenses 

 of $14,709,06 leaves a net income for the 

 month of $43,003,58. 



On August 1st the company had 9,823 

 subscribers, which increased to 10.082 be- 

 fore the end of the month. The company 

 has extended its service in the province 

 of Pinar del Rio to Palacios and in Ca- 

 maguey Province to Ciego de Avila. Sev- 

 enty-one cities have now telephonic con- 

 nections with Havana. 



COPPER IMPORTS 



Official records give the following figures 

 of copper imports into the United States 

 from Cuba during the fiscal years ended 

 June 30, 1911 and 1912: 



1911 $795,353 



1912 727,229 



The following figures show Cuba's pro- 

 duction of copper for the last two years. 

 The figures are those compiled by Henry 

 R. Merton & Co., Ltd., of London, and 

 represent English tons (2,240 pounds) of 

 fine copper : 



1910 3,475 tons 



1911 4,455 " 



ANOTHER BRANCH BANK 



In the city of Guantanamo in Oriente 

 Province on September 7th a new building 

 for the National Bank of Cuba branch 

 was inaugurated. 



Guantanamo is in the heart of a rich 

 agricultural region, which though less than 

 50 miles from Santiago, has until recently 

 been quite isolated, owing to the lack of 

 railroad and other transportation facilities. 



Large American investments and the in- 

 troduction of new industries there have 

 made it an important competitive field for 

 banking in these latter days, and the open- 

 ing of a new building for the National 

 Bank comes as a natural sequence to the 

 new industrial development. 



From Cuba imports into the United 

 States advanced from $11,750,000 in July, 

 1911, to $15,750,000 in 1912, and for the 

 seven months in question from $84,000,000 

 t9 $102,750,000, the increase in 1912 occur- 

 ring chiefly in sugar. 



A NEW MINING COMPANY 



A new mining company has been formed 

 in Oriente Province, called the Anglo- 

 Cuban Mercantile Cmpany, Ltd., with a 

 capital of $2,500,000. They have purchased 

 so far eight mining properties and have 

 others under consideration, some of which 

 are deposits of guano for the English 

 markets and others are of iron and copper. 



Mr. Diedrich Gehren is the representative 

 of the company in Oriente. Work on the 

 properties will begin shortly. 



CHANGES UNDESIRABLE 



Frequent and unexpected changes in 

 Cuba's customs regulations are exceedingly 

 trying to business men and it is said that 

 the United States government has called 

 attention to the inconveniences caused by 

 these changes and has suggested to the 

 Cuban administration the desirability of 

 allowing about two or three months' notice 

 to business interests before the changes 

 go into efifect. 



London Prices for Cuban Stocks 



July 31st 



Cuba five per cent Gold Bonds 1904 104 Vj -105 1/2 



Cuban Central Railway 4%-4% 



United of Havana Ordinary 86-87 



Cuba 41/2 per cent Gold Bonds 1011/2-1021/2 



September 4th 



103-105 ex div. 



4% -4% 



87-88 



100-101 



