THECUBAREVIEW 23 



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



Month of February : 1920 1919 1918 1917 1916 1915 



Gross Earnings $864,439 $703,156 $617,071 $504,325 $489,543 $444,404 



Operating expenses. .. . 437,966 352,146 279,333 210,852 177,766 175,928 



Net earnings 426,473 351,010 337,738 293,473 311,777 268,476 



Miscellaneous income . . 6,695 5,498 10,106 8,088 4,502 10,374 



Total net income.... 433,168 356,508 347,844 301,561 316,279 278,850 

 Surplus after deducting 



fixed digs 242,281 166,267 218,655 131,970 197,204 170,161 



2 RTonihs to February 2gth : 



Gross earnings 1,747,557 1,429,514 1,262,081 1,051,813 981,617 918,128 



Operating expenses 875,021 730,465 561,634 440,816 364,051 365,419 



Net earnings 872,536 699,049 700,447 610,997 617,566 552,709 



Miscellaneous income .. . 12,747 14,509 18,953 14,456 14,297 15,463 



Total net income..... 885,283 713,558 719,400 625,453 631,863 568,172 



Surplus after deducting 



fixed chgs 503,699 328,187 462,193 303,448 397,396 350,995 



EARNINGS OF THE CAMAGUEY AND NUE VITAS RAILROAD. 



Month of February : 1919-20 1918-19 



Gross earnings $137,337,92 $172,338.23 



Operating expenses 115,729.60 86,250.31 



Net earnings 21,608.32 86,087.92 



Other income 



Net income 



Gross earnings from July 1 $1,092,833.87 $900,805.74 



Net earnings " " 368,093.97 280,471.19 



Other income 



CUBAN FINANCIAL MATTERS 



THE PREVAILING PRICES FOR CUBAN SECURITIES 



As quoted by Lawrence Turnure & Co., New York, 



Bid Ashed 



Republic of Cuba Interior Loan 5% Bonds T6l^ % 79% 



Republic of Cuba Exterior Loan 5% Bonds of 1944 90yo 91 y. 



Republic of Cuba Exterior Loan 5% Bonds of 1949 SO ~ 82 " 



Republic of Cuba Exterior Loan 4y2% Bonds of 1949 72y, 73% 



Havana City First Mortgage 6% Bonds 97 ~ loo 



Havana City Second Mortgage 6% Bonds 96 99 



Cuba Railroad Preferred Stock 68 71 



Cuba Railroad Co. First Mortgage 5% Bonds of 1952 G7 71 



Cuba Company 6% Debenture Bonds 80 90 



Cuba Company 7% Cumulative Preferred Stock 85 90 



Havana Electric Ry. Co. Consolidated Mortgage 5% Bonds 84 85 



Havana Electric Ry., Light & Power Co. Preferred Stock 90 



Havana Electric Ry., Light & Power Co. Common Stock 100 



Matanzas Market Place 8% Bond Participation Ctfs 100 



Cuban-American Sugar Co. Preferred Stock 100 1 1 



Cuban- American Sugar Co. Common Stock 540 .565 



Guantanamo Sugar Company Stock $98 $100 



Santiago Electric Light & Traction Co. 1st Mort. 6% Bonds 70% 80% 



