THE CUBA REVIEW 



19 



CUBAN FINANCIAL MATTERS 



AUGUST PRICES FOR CUBAN SECURITIES 



(Quoted by Lawrence Turnure & Co., New York) 



Bid Asked 



Republic of Cuba 5 per cent Bonds (Interior) 95 97 



Republic of Cuba Exterior 5 per cent Bonds 99% 100 1/4 



Havana City First Mortgage 6 per cent Bonds 103 108 



Havana Citv Second Mortgage 6 per cent Bonds 100 104 



Cuba R. R. First Mortgage 5 per cent Bonds 100 102 



Cuba R. R. Preferred Stock 95 100 



Cuba Co. 6 per cent Debentures 96 100 



Cuba Co. 7 per cent Cumulative Preferred Stock 100 104 



Havana Electric Ry. Co. Consol. Mtge. 5 per cent Bonds 93^2 94% 



Havana Electric Ry. Light & Power Co. Pfd. Stock 91 96 



Havana Electric Ry. Light & Power Co. Com. Stock 81 86 



Matanzas Market Place 8 per cent Bond Participation Certificates 100 104 



Cuban-American Sugar Co. Coll. Tr. 6 per cent Gold Bonds of 1918... 93^-2 95 



Santiago Electric Light & Traction Co. First ]\Iortgage 6 per cent Bonds 98 Vt 98^/^ 

 .•Ml prices of bonds quoted on an "and interest" basis 



NOT TO ANNUL TELEPHONE CON- 

 CESSION 



President ]\Ienocal issued a statement 

 August 12th saying that on account of ru- 

 mors that the Cuban government intended 

 to follow the action against the Ports Im- 

 provement Company by similar attacks on 

 American companies, especially the tele- 

 phone company, he desired to explain that 

 the government has no such intention. On 

 the contrary, the President added, the Cu- 

 ban government intended to continue to 

 extend to such companies all the protection 

 to which they were rightfully entitled, but 

 reserved the right to exact a strict fulfill- 



ment of all obligations to which com- 

 panies were committed under the terms of 

 their concessions. 



During August the Cuban Telephone 

 Company's subscribers had increased to 

 14,552 as compared with 13,751 on July 31st. 



The earnings for August totalled $80,947.04 

 as against $76,998.51 for July. Work has 

 begun on the local station at Placetas del 

 Xorte, Santa Clara Province. 



The Cuban-American Sugar Co. has de- 

 clared a regular quarterly dividend of 1% 

 per cent on the preferred stock, payable 

 October 1st to stockholders of record Sep- 

 teml)er 15th. 



of I'fllon and planl. 



liiiK ailiclc nn paKr \~.) 



