24 



THE CUBA REVIEW 



CUBAN COMMERCIAL MATTERS 



PREVAILING PRICES FOR CUBAN SECURITIES 



Bid Asked 



Republic of Cuba I uterior Loan o['c Bonds 88 92 



Republic of Cuba Exterior Loan o'[ Bonds of 1944 96 H 97^ 



Republic of Cuba Exterior Loan 5% Bonds of 1949 90^ 923^ 



Republic of Cuba Exterior Loan 4^ % Bonds 83 85 



Havana City First Mortgage 6% Bonds 102 105 



Havana City Second Mortgage Q7c Bonds 101 104 



Cuba RR. First Mortgage 5% Bonds 97 100 



Cuba RR. Preferred Stock 95 100 



Cul)a Company 6% Debenture Bonds 98 100 



Cuba Company T^:i Cumulative Preferred Stock 100 105 



Havana Electric Railway Consolidated Mtge. o% Bonds 87 90 



Havana Electric Railway Light & Power Co., Preferred Stock 971^ 98^ 



Havana Electric Railway Light & Power Co., Common Stock 80% 83 



Matanzas Market Place 8% Bond Participation Certificates 100 104 



Cuban- American Sugar Co. Collateral Trust 6% Bonds 98 99H 



Cuban-American Sugar Co. Preferred Stock 993^ lOOJ^ 



Cuban- American Sugar Co. Common Stock 68% 73 



Santiago Electric Light & Traction Co. 1st Mtge. 6% Bonds 94 96 



All prices of bonds quoted on an and interest basis. 



CUBAN TELEPHONE PROGRESS ROLLING MILL TO BE BUILT IN CUBA 



The gross receipts of the Cuban Tele])hone A rolling mill, financed by Cuban capital, Is 

 Company last year amounted to $1,203,000, now in course of construction by the National 

 as against $1,000,000 m 1913, and the net Rolling Mill of Cuba at Guanabacoa, about 

 revenue, after allowing for bond interest, etc., two and one-half miles from Havana. It is to 

 comes out at $224,000, as compared with be operated on scrap, as this material i? avail- 

 $150,700. There was thus, with the sum able at $3.50 to $5 per ton. The mill is in- 

 Ijrought mto the accounts, ample to meet the tended primarily to furnish material for the 

 interest on the 6% preferred stock and the company's fabricating plant, which will be 

 5% dividend on the ordinary stock. Only constructed later, to supply the local trade. 

 3%, however, has been distributed on the IMachinery from a plant formerly operated 

 preferred and 1%% on the ordinary stock. at Cardenas, with some additional from the 

 This is due to the fact that the state of the United States, will make possibble a produc- 

 money market rendered it impossible for tion of 1,000 tons per month. The present 

 the company to make any issue of stock, and equipment consists of the power plant, three 

 therefore current revenue had to be drawn shinglmg furnaces, scrap shears, steam ham- 

 on to finance essential construction work. mers, a 12-m. roughing stand and a 9-in fin- 

 TMien further capital can be raised the ishing mill, machine shop, roll department and 

 money will be refunded to profit and loss and store houses. The company hopes to have the 

 will be available for the stockholders, and plant in operation by November 1 . The loca- 

 they may therefore regard their dividends as tion of the plant is considered ideal, as ship- 

 merely deferred for a little while. The nomi- ments to all parts of Cuba can be made by 

 nal surplus at profit and loss is $749,200, or either water or rail. This is the first import- 

 $162,100 more than twelve months ago. The ant venture of its kmd on the island and its 

 business continues to expand satisfactorily progress will be watched with much interest, 

 and the average number of instruments from —Iron Age, New York, 

 which revenue was derived last vear was 3,214 — 



^.1, • iniQ TV,^ „,.^oc ^^•,ror.„c. (n.^ BALDWIN LOCOMOTIVE WORKS 



more than in 1913. Ihe gross revenue tor 



last March was neaiiy 14% higher than for The directors have declared the regular 



the corresponding period of 1914. — Financial dividend at 33^% on the preferred stock of 



■Times, London. this company. 



