24 



THE CUBA REVIEW 



EARNINGS OF THE HAVANA ELECTRIC RAILWAY, LIGHT & POWER CO. 



January, ig20 : 1920 1919 1918 1917 1916 



Gross earnings $883,118 $720,358 $045,010 $547,487 $492,074 



Operating expenses 437,055 378,319 282,302 229,905 180,285 



Net earnings 440,003 348,039 302, 708 31 7,522 305,789 



Miscellaneous income 0,052 9,011 8,847 0,308 9,794 



Total net income $452,115 $357,050 $371,555 $323,890 $315,583 



Surplus after deiluct.fixed chgs. $201,418 $161,920 $238,954 $192,012 $200,192 



CUBAN FINANCIAL MATTERS 



THE PRE VAILING PRICES FOR CUBAN SECURITIES 



As quoted by Laivrence Turnnre & Co., New York. 



Hid 



Republic of Cuba Interor Loan 5% Bonds 7<;',; 



Republic of Cuba Exterior Loan 5% Bonds of 1944 \\[)y.. 



Republic of Cuba Exterior Loan 5% Bonds of 1949 .S4 



Republic of Cuba Exterior Ivoan 41/2% Bonds of 1949 7;! 



Havana City First Mortgage 6% Bonds ;»7 



Havana City Second Mortgage 6% Bonds <>.". 



Cuba Railroad Preferred Stock 70 



Cuba Railroad Co. First Mortgage 5% Bonds of 1952 72 



Cuba Company 6% Debenture Bonds so 



Cuba Company 7% Cumulative Preferred Stock so 



Havana Electric Ry. Co. Consolidated Mortgage 5% Bonds S4 



Havana Electric Ry., Light «&; Power Co. Preferred Stock 102 



Havana Electric Ry., Light & Power Co. Common Stock W.'j 



Cuban- American Sugar Co. Preferred Stock Hi2 



Cuban-American Sugar Co. Common Stock 52." 



Guantanamo Sugar Company Stock .f;s4 



Santiago Electric Light & Traction Co. 1st Mort. {i% Boiuls so% 



AKkid 



7SVr 



91 



SC 



74 



100 



97 



ss 



90 



S7 

 107 



98 

 !!(► 



.'pSC) 

 85% 



HAX'ANA ELECTRIC RAILWAY, LIGHT & 

 POWER COMPANY 



A sciiii-iiniiiial dividciitl (»f .'j;."^..00 per 

 share on the I'ref erred Stock and a divi- 

 dend of $0.00 per share on the Common 

 Stock will be paid «m May l."i, 1920, to 

 stockholders of record at the close of 

 business on April 2.3, 1920. Checks will 

 be mailed. 



Stock transfer books will he closed 

 from April 24th to M:iy 2oih, 1920, both 

 inclusive. 



ELECTRIC TRACTION & LIGHT CO. OF 

 SANCTI SPIRITUS 

 In December, 1019, a law was passed 

 granting a subsidy to the Electric Trac- 

 tion & Light Company of Sancti Spiritus. 

 The subsidy will be $12,000 for each kilo- 

 meter of the electric railroad constructed 

 by the company from Sancti Spiritus to 

 Santa JLucia, via Guayos, Neiva and Ca- 



baiguan. Tlic Inw states that the com- 

 pany shall transpni-l free of chai-ge the 

 mails and iinrccls post and I'cduce tlie 

 base rate of rrcii^lil lil'ty jici- cent, on 

 small fruits. 



CUBAN AMERICAN SUGAR COMPANY 

 The Dirt'ctoi's dl' the Ciiiian Aiiiei'ican 

 Sugar Comjiaiiy liavc voted to change tlie 

 common caiiitalization f'roni 1(10,000 shares 

 of $100 par vain." to l,<MtO,0(j<> shares of 

 $10 par value. \i liic laws of New .Jersey 

 are amended so Ihat sliarcs of no par 

 value can be issued, this jilaii will Ix- sub- 

 stituted for that calliii.i; for shai-cs of $10 

 par. 



SHIPMENT OF GOLD COIN TO CUBA 



Two hundred and fifty thousand dol- 

 lars in gold coin has been withdrawn 

 from the Sub-Treasinry of the United 

 States for sliipment to Cuba. 



