34 THE.GUBA REVIEW 
The present outlook for our industry is promising. The rebound from the excessive 
planting of sugar cane which has to a certain extent been detrimental to the increase of 
coffee planting for the last two or three years, will doubtless lead to an extension of the 
acreage devoted to this product in the next few years. The lowering of wages to 
those normally prevailing before the war will also be a helpful influence. There is a large 
area of land, especially in Oriente Province, well adapted to the growing of coffee. A 
continuation of the high duty now being paid, though objected to on the ground that 
it is a tax levied upon Cuba’s people as a mass for the benefit of only a small percentage 
of its population, is, we believe, assured. Coffee in Cuba is subject to no virulent or 
epidemie diseases that render precarious and dangerous the investment of funds in the 
establishment of plantations, and thus the stability of the industry is assured. It is 
moreover practically the only agricultural industry of any importance still almost exclu- 
sively in the hands of Cuban owners, and, therefore, we believe that continued govern- 
ment protection and assistance will be given the industry whenever this is required. 
We, therefore, believe that there is every possibility of not only a continuation of present 
production, but of an increase and of a continued greater importance of this industry 
in relation to those others which form the backbone of Cuba’s economic life. 
The writer takes pleasure in acknowledging his indebtedness to Mr. Luis M. Pérez, 
Chief of the Agricultural Statistical Office of the Department of Agriculture,-and to 
Mr. Armando Villalén Morales, the Delegate in Oriente Province of the Department of 
Agriculture, for information furnished upon which this article is based. © 
The Prevailing Prices for Cuban Securities 
As quoted by Lawrence Turnure & Co., New York 
re Bid Asked 
Republic of Cuba Interior Loan 5% Bowds 2's ists ht oe a are a td 
Republic of Cuba. Exterior Loan 5%, Bonds of 194477.. 5. 2...-csec5sses a eee 
Republic. of Cuba. Exterior Loan 5c; Bonds:.0f 194933.2)..5. 4 uA wna cnn 
Republic of Cuba Exterior Loan 444% Bonds. of .1949..........2++eeee- r Gd 
maveana City Kirst’ Mortgage 6% Bonds. .2.2.. + ssn8) se oe | ee eee 80. 90 
Havana City Second Mortgage’ 6% Bonds -2i Sel dora cies opt aa ee a «2 OO eee 90. 
Guba Railroad Preferred Stock.4s../2.......¥tiysGGs.. foancs peed nae 30... © 46% 
Cuba Railroad First Mortgage 5% Bonds of 1952.:...... PEE Cee ci p a0 + 4 OD 70 
Cuba Company 6% Debenture Bonds............0...... bao se aa ar eR 70 76 
Cuba Company 6% Cumulative Preferred Stock. .:.......2eeeeee.eereens .. 70. 80 
Havana Electric Ry. Co, Consolidated Mortgage 5% Bonds........0.+. +. -40.---- 75 
Havana Electric Ry., Light & Power Co. Preferred Stocks: aa oceania meee 80 90. 
Havana Electric Ry., Light & Power Go..Common Stock. ...:....cseeeee0. »- 75... 80 
Cuban-American Sugar Co. Preferred Stock >:.2sic:i2.......0000--0000- 70 90 
Cuban-American Sugar Co. Common Stock.............. PPE e vee et ees .. 1206" algae 
cmuninnamosuear Oo, Stock... ox sc.ic ese odenc is biel ee dee te eee 7% 3 
ar 
Cuban Merchant Shipping ir in n June, 1921 ee 
As reported by Lloyd’s Register of British and Foreign Shipping, just issued, Cuba’ s 
merchant shipping i in June, 1921, was as follows: 
Steamers and Motor Vessels | Sailing Vessels Grand Total 
| | 
Number | Gross Tonnage | Number | Gross Tonnage | Number Gross Tonnage 
ee ee 
44 50,178 (ee 8,375 | 259 58,553 
