THE CUBA REVIEW 



FINANCIAL MATTERS 



THE ROYAL BANK OF CANADA 



The Royal Bank of Canada first entered 

 the West Indian field seriously after the 

 close of the Spanish-American war, when 

 following a visit to Cuba in 1S9S, by ]\Ir. 

 E. L. Pease, the present general manager, 

 a branch was opened at Havana in 1899. 

 Due to the energy of the joint managers 

 appointed, among whom were Mr. W. F. 

 Brock, the present manager of the chief 

 branch in Toronto, and a few months later, 

 Mr. F. J. Sherman, now one of the assist- 

 ant-general managers, the bank was able to 

 take full advantage of the opportunities 

 opened up by the gigantic changes the re- 

 sults of the war brought about. The pur- 

 chase in 1903 of the Banco de Oriente gave 

 the Royal a branch at Santiago de Cuba. 

 The following year the assets of the Banco 

 del Commercio of Havana were purchased. 



It now has twenty branches in various 

 cities of the island. 



The Royal Bank is to-day Canada's third 

 largest bank and is increasing so rapidly 

 that it may soon occupy an even more 

 notable position. It has more branches in 

 foreign countries than all other Canadian 

 banks put together, these totalling no less 

 than forty in all. 



Mr. E. L. Pease is sole general manager 

 and vice-president also. Mr. C. E. Neill 

 and Mr. F. J. Sherman, who resided for 

 many years in Cuba, are the assistant-gen- 

 eral managers, while Mr. W. B. Torrance 

 is the superintendent of branches. — Canada 

 West India Magazine. 



FRICES OF SUGAR STOCKS 



THE AMERICAN SUGAR REFINING CO. 



ANOTHER BRANCH OPENED 



The building of the .Vational Bank of 

 Cuba branch in Manzanillo, Oriente Prov- 

 ince, was dedicated .\ugust ISth. 



EARNINGS OF THE SANTIAGO ELECTRIC 

 LIGHT AND TRACTION COMPANY 



1913 



October gross $38,451 



October net 16,731 



First 10 months gross.. 378,986 

 First 10 months net 169,773 



1912 

 $35,036 



13,641 

 334,799 

 139,092 



FRUIT COMPANY DIVIDEND 



The Isle of Pines Co-Operative Fruit Co. 

 of Boston, operating pineapple and grape- 

 fruit plantations on the Isle of Pines, de- 

 clared and paid on October 24th its first 

 dividend, amounting to 5 per cent, upon 

 its profit sharing certificates in division 1, 

 series "A" plantation. 



Prevailing Prices for Cuban Securities 



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



. Rin 



Republic of Cuba Interior 5 per cent Bonds 91 __ 



Repul)lic of Cuba Exterior 5 per cent Bonds 09 /i 



Havana City 'Fir.st Mortgage 6 per cent Bonds 10^^ 



Havana City Second Mortgage 6 per cent I'.onds 1("> 



Cuba Railroad l-"irst Mortgage 5 per cent lionds 9>i 



Cuba Railroad I'referrcd Str)ck -'^ 



Cuba Co. 6 per cent Debentures •'•'' 



Havana Electric Ky. Consol. Mortgage 5 per cent i5onds 92/2 



Havana I'.kctric Ry. Light & Power Co. Pfd. Stock 88 



Havana l-:]cctric Ry. Light & Power Co. Com. Stock 76 



Matanzas .Market Place 8 per cent Bonds Participation Certificates 100 



Cuba American S. Co. Coll. Trust per cent (iold Bonds of 1918 93 



Santiago Electric Light & Traction Co. First Mtge. 6 per cent Bonds... 98 Vi 



All prices of bonds quoted on an "and interest" basis 



ASKED 



93 

 100 Vl 



108 

 1112 

 101 

 1(10 

 1(10 

 93 1/1 



91 



SO 



1 0:5 



96 

 981/2 



