24 



THE CUBA REVIEW 



CUBAN COMMERCIAL MATTERS 



PREVAILING PRICES FOR CUBAN SECURITIES 



Quoted by Lawrence Turnure & Co., New York 



Republic of Cuba Interior Loan 5% Bonds 



Republic of Cuba Exterior Loan 5% Bonds of 1944 



Repviblic of Cuba Exterior Loan o' q Bonds of 1949 



Republic of Cul)a Exterior Loan 4 J'2' c Bonds of 1949 



Havana City 1st Mortgage iV ', Bonds 



Havana City 2d Mortgage (1' , l)onds 



Cuba RR. Co. Preferred Stcjck 



Cuba RR. 1st Mortgage 5% Bonds of 1952 



Cuba Company 6% Debenture Bonds 



■Cuba Company 7% Cumulative Preferred Stock 



Havana Electric Ry. Co. Consolidated Mortgage 5% Bonds 



Havana Electric Ry. Co. Light & Power Company Preferred Stock 



Havana Electric Ry. Light & Power Company Common Stock 



Matanzas Market Place 8% Bond Participation Certificates 



Cuban American Sugar Co. Coll. Trust 6% Bonds of 1918 



Cuban American Sugar Co. Preferred Stock 



Cuban American Sugar Co. Common Stock 



Santiago Electric Light & Traction Co. 1st Mortgage 6% Bonds 



All prices of bonds are quoted on an and interest basis. 



HAVANA ELECTRIC LIGHT AND POWER CO. 



The power plant of the Havana Electric 

 Light and Power Company, at Tallapiedra 

 wharf, which has been in the course of con- 

 struction for some time, will shortly assume 

 the burden of furnishing the electric power 

 for the city of Havana, including light and 

 power and street car service. Several of the 

 •engines and generators are already installed 

 and have been working for the past few days, 

 owing to the increased demand for power and 

 lights demanded by carnival festivities and 

 increased street lighting. 



As soon as the complete plant of machinery 

 is installed, which will not require much more 

 time, the old power houses on San Lazaro and 

 ■Colon Streets, and the one in the Vedado will 

 be put in the reserve list, although the latter 

 may be continued at work more or less for 

 some time to come. 



A large force of electricians sent to Havana 

 hy the Westinghouse Company' are installing 

 the new machinery, which is of the most mod- 

 ern type, comprising all together one of the 

 most complete and up-to-date power plants 

 in the world. 



Increase in the business of the Havana 

 Electric line, extension in street and suburban 

 mileage, increased number of cars, and extra 

 amount of light and power demanded by the 

 various industries of the city, have made the 

 installation of the new plant necessary. 



Since Mr. Frank Steinhart has assumed the 

 management of the Havana Electric more ex- 

 tensions and improvements than ever before 

 Tiave been made in city transportation. Im- 

 provements of every kind tend to increase 

 the efficiency of the service, to accommodate 

 the public and furnish light and power for 

 the various industries of the citv. The 



Havana plant now ranks well with the best 

 cities of the world. 



CUBAN-AMERICAN SUGAR COMPANY 



The common stock of this company has 

 shown considerable activity recently, and 

 there has been a shaq) advance in price. 

 Traders have attributed this upward move- 

 ment to anticipated large profits of the cur- 

 rent year. It is thought that the profits for 

 the year 1915 will show a substantial increase 

 over those reported for the twelve months 

 ended September 30, 1914. Rumors have 

 been in circulation that the common stock had 

 good prospect of earning dividends, but noth- 

 ing definite has been intimated by the man- 

 agement as to this, and it is not thought prob- 

 able that the matter will be considered at this 

 time. There are back dividends due on the 

 preferred stock which amount to about 7%, 

 and the matter of paying these back dividends 

 in the near future will probably be discussed 

 at the meeting of the Board of Directors in 

 May. 



CUBA DISTILLING CO. 



It is reported that this company will be 

 consolidated with the United States Industrial 

 Alcohol Company. The Distilling Company 

 of America controls both of the above com- 

 panies through majority stock ownership. 

 In 1914 the Industrial Company purchased 

 20,000,000, gallons of molasses from the 

 Cuba company and it is estimated that the 

 consumption in 1915 will amount to 30,000,- 

 000 gallons. The matter of the consolidation 

 was considered informally at the annual 

 meeting of the U. S. Ind. Alcohol Co., but no 

 final action was taken. 



