26 



THE CUBA REVIEW 



i:aij\i.\(;s of the iiavana electric railway, light .V: power go. 



Month of March : 1920 



Gross Earnings •t!t27,7h5 



Operating expenses. . . . 47.i,893 



Net earnings 4.il,S92 



Miscellaneous income . . 7,041 



Total net income.... 458,933 

 Surplus after deducting 



fixed cbgs 205,143 



S Months to March j;ist : 



Gross earnings 2,()75,342 



()|)erating expenses 1,350,914 



Net earnings 1,324,428 



Miscellaneous income .. . 19,788 



1919 



$657,255 



325,203 



332,052 



5,789 



337,841 

 129,910 



2,086,769 



1,055,668 



1,031,101 



20,298 



1918 



$642,110 



306,190 



335,920 



16.603 



1917 



$545,397 



237,386 



308,011 



21,295 



1916 



$470,616 



196,706 



273,910 



19,200 



1915 



$472,185 



195,880 



276,305 



7,906 



352,523 

 191,277 



1,904,191 



867,824 



1,036,367 



35,557 



329,306 

 163,849 



293,110 

 162,601 



284,211 

 175,606 



1,597,210 1,452,233 1,390,314 



678,202 560,757 561,299 



919,008 891,476 829,015 



35,751 33,497 23,369 



Total net income 1,344,216 1,051,399 1,071,924 954,759 924,973 852,834 



Surplus after deducting 



fixed charges 768,842 468,097 588,187 467,297 559,996 526,601 



EARNINGS OF THE CAMAGUEY AND NUEVITAS RAILROAD. 

 Month of March : 1919-20 1918-19 



Gross earnings $217,086.78 $199,738.86 



Operating expenses. 



138,184.10 



Net earnings. 

 Other income. 

 Net income. . 



78,902,68 



Gross earnings from July 1 $1,309,920.65 



Net earnings " "' 446,996.65 



Other income 



100,472.93 



99,265.93 



$1,100,544.60 

 379,737.12 



CUBAN FINANCIAL MATTERS 



THE PREVAILING PRICES FOR CUBAN SECURITIES 



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



Bid Asked 



Bid Asked 



Rt'imlilic i.f Culiii Iiiici-ini- JAiaii 5^; Bonds 76% 78% 



R<'piilili(; <if ("iilci Exterior Loan '*% Bonds of 1044 90 91 



Repnlilic of Cuba Extorior I^»an 5% Bonds of 1!>4!i 79 83 



Republic of Ctil.a Exterior Loan 4^/^ % Bonds of 1949 72 T^Yz 



Havana Cit.v First Mortgage 6% Bonds 97 102 



Iiavana Cit.v Second Mortgage G% Bonds 96 102 



<"nl>a Railroad I'referred Stock 02 70 



Cuba Railroad Co. First Mortgage 0% Bonds of 19.".2 07 72 



Cuba Compan.v 0% Debenture Bonds m 95 



Cuba Compan.v 7% Cumulative Preferred Stock .«!2 90 



Iiavana Electric R.v. Co. Consolidated Mortgage 5% Bonds S.3 84% 



Havana Electric Ry., Light & Power Co. Preferred Stock 100 110 " 



Havana Electric Ry., Light & Power Co. Common Stock 90 100 



Cuban- American Sugar Co. Preferi-ed Stock 9814 103 



Cuban- American Sugar Co. Common Stock 553^ 56 



Guantanamo Sugar Co. Stock .$110 $115 



Santiago Electric Light & Traction Co. 1st Mtge. 6%, Bonds 73% 76%, 



