THE OUBA GRE V LEW. 33 
The Prevailing Prices for Cuban Securities 
As quoted by Lawrence Turnure & Co., New York 
Bid Asked 
Republicsot Cuba Interior Moana %, Bonds. 9. 2.5.2: 2- ei. ae cee ne els ss 65 68 
Republic of Cuba Exterior Loan 5% Bonds of 1944..................... 81 83 
Republic of Cuba Exterior Loan 5% Bonds of 1949..................... 79 82 
Republic of Cuba Exterior Loan 444% Bonds of 1949................... 70% 
Eeivana, ity Hirst Morteace-69;5-Bbonds. 02.2 25.265 eres bee eee ks 85 95 
Havana. City second. Morigace.67, Bonds)... 20s Stas ee ee ee 85 95 
GarastallroadePrererred« StOCK nook. faces qn ohih sks bse aves eA: 40 45 
Cuba Railroad 1st Mortgage 5% Bonds of 1952......................... 67 70 
Cuba Company-69, Depenture. Bonds... 22. fierce ao Deets Ses ee a es 67 80 
Cuba/Company,..% Cumulative Preferred Stock... -. 1... <.2-:e002++--- 68 77 
Havana Electric Ry. Co. Consolidated Mortgage 5% Bonds.............. 72 75 
Havana Electric Ry., Light & Power Co. Preferred Stock................ 80 90 
Havana Electric Ry., Light & Power Co. Common Stock................ 70 80 
Cuban American Sugar Co. Preferred Stock......-.........2-.2-.2203%: 85 874 
Cuban American Sugar Co. Common Stock...................00000000% 19144 20 
SME AU AMOR SHE ATA@ OF OLOCKS An tile stn d eae s Gs see ede xin oad 1134 12% 
Cuban Clearing House 
The Cuban Clearing House opened in 
Havana Monday with the following mem- 
bers: National City Bank, American 
Foreign Banking Corporation, Mercantile 
Bank of America in Cuba, Royal Bank of 
Canada, Bank of Nova Scotia, Canadian 
Bank of Commerce, Trust Co. of Cuba, 
Pedro Gomez Mena y Hijo, Banco del 
Comercio and N. Gelats y Cia. 
Opening of the Clearing House is 
expected to facilitate business between 
banks greatly and to aid in clearing up the 
congestion which moratorium transactions 
have caused. The next moratorium 
payment is due on May 15th, and 100% 
by the end of June. Most of the foreign 
banks have been forced to carry 100% 
reserve against their deposits during the 
crisis, so that the payments have caused 
them no inconvenience. 
Internal Revenue Stamps on Consular 
Invoices 
Circular No. 16 of the Cuban Treasury 
Department, dated October 28, 1920, states 
that an internal revenue stamp for the 
total value of the invoice must be placed 
on each sheet of every consular invoice that 
is presented for clearance of goods in Cuban 
custom houses. 
Independent Warehouses, Inc., of Cuba 
The Independent Warehouses, Inc., 
which now operates fourteen storage ware- 
houses in the metropolitan district of New 
York, has organized Independent Ware- 
houses, Inc., of Cuba, with an authorized 
capital of $500,000. The new company 
has acquired and is now operating twelve 
warehouses in Cuba. 
At the present time the company is 
specializing in the storage of sugar in large 
volume. However, the charter of the or- 
ganization provides for the conduct of a 
general warehousing business. 
New Fuel Oil Company in Cienfuegos 
It is reported that representatives of 
the Royal Dutch Shell (Anglo-Mexican 
Petroleum Co.) have been making in- 
vestigations and are seeking a site for the 
erection at Cienfuegos of a fuel oil tank, 
and the establishment there of a station 
for the importation and sale of the 
Mexican product. Fuel oil companies at 
present established at this port are the 
Sinclair Cuba Oil Co., the Texas Co. and 
the West India Oil Co. 
According to present plans, the com- 
pany is understood to be confining its 
proposed operations to the ports of Habana, 
Cienfuegos and Matanzas. A very 
desirable site is reported to have been 
acquired at Habana, and the construction 
of a tank to have been begun there also. 
