22 THE CUBA REVIEW 



lOAUNlNGS OF TIIK HAVANA ELECTRIC RAILWAY. LIGHT & POWER CO. 



Month of May : 1920 1919 1918 1917 1916 1915 



Gross Earnings $94G,:U)1 *740,:{04 $68'), 731 $r)64,237 $498,275 $478,732 



Operating; expenses 462,308 352,676 312,501 252,894 185,634 193,138 



Netearninjjs 483,993 387,628 373,230 311,343 312,641 285,594 



Miscellaneous income 11,470 19,434 9,656 6,361 9,136 4,937 



Total net income 495,463 407,062 382,886 317,704 321,777 290,531 



Surplus after deducting Hxedchgs. 306,866 215,568 221,641 153, S18 191,271 177,798 



•; Mouths to A/tiy j/st : 



Gross earnings 4,587,376 3,576,815 3,253,267 2,696,060 2,417,062 2,303,205 



Operating expenses 2, 26(5,462 1,776,177 1,481,702 1,161,292 934,014 942,597 



Net earnings 2,320,914 1,8(»(),638 1,771,565 1,534,768 1,483,048 1,360,608 



Miscellaneous income 38,130 52,375 63,357 53,987 55,810 39,610 



Total net income $2, 359, 044 $1,853,013 $1,834,922 $1,588,755 $1,538,858 $1,400,218 



Surplus after deducting fix'dchgs.. 1,412,407 761,869 1,028,695 771,686 912,911 853,646 



CUBAN FINANCIAL MATTERS 



THE PREVAILING PRICES FOR CUBAN SECURITIES 



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



Bid Asked 



Ki'|tnldi<- of Cuba Interior Loan 5% Bonds 7G% 78% 



Rei»uidic of ("iiha Exterior Loan 5% Bonds of VMA 88 89 



Republic of Culia Kxti'rior Ix)an 5% Bonds of 1941) 80 81 



Republic of Cuba Exterior Loan 41/2 7o Bonds of 1!)49 70 72 



Havana City First Mortgage 0% Bonds 98 102 



Havana City Second Mortgage 6% Bonds 95 98 



Cul)a Railroad Pref(>rred Stock GG 69 



Cuba Railroad CV). First Mortgage 5% Bonds of 1952 G4 66 



Cuba Company G% Debenture Bonds 80 85 



Cuba Company 7% Cumulative I'referred Stock 82 861/0 



Havana Kl("(tri<- Ry. Co. Consolidated Mortgage 5% Bonds 80 82 ~ 



Havana Klcftric Ry., Ligbt & Power Co. Preferred Stock 105 110 



Havana Klectric Ry.. Lijrbt & Power Co. Connnon Stock 95 1<)0 



Cuban-.Vnierican Sugar Co. Preferred Stock — — 



Cuban-American Sugar Co. Connnon Stock 41 1/, 42 



Guatitaiiamo Sugar Co. Stock $181/2 20 



Santiago Electric Light & Traction Co. 1st Mtge. G% Bonds. .......... 75% 80% 



SANTA CECILIA SUGAR CORPORATION coNfMOX STOCK DmnEND NUMBER FOUR 



PRKiKRKF.n sTO( K i)ivir)KNn xuMCER EiriiiT The regular quarterly dividend of 



The regular quarterly dividend of one twenty-five cents per share upon the 



and three-fjuai-ter per cent, upon the Pre- Common ^apital Stock of this company 



ferred Capital Stock of this company has ^^''^^ hef^i\ duly declared, payable August 



been duly declared, i>ayaltle August 2, 2, 1920, to all Connnon Stockholders of 



1920, to Preferrt-d Stockholders of record record at the close of business July 20, 



at the close of business July 20, 1920. 1-^-0. 



Transfer books will not be closed. Transfer books will not be closed. 



