T 11 E C U 15 A U E V I t: W 21 



CUBAN FINANCIAL MATTERS 



PREVAILING PRICES FOR CUBAN SECURITIES 



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



Bid Asked 



Republic of Cuba Interior Loan 5% Bonds 82 89 



Republic of Cuba Exterior Loan 5% Bonds of 19-44 95 J^ 963^ 



Republic of Cuba Exterior Loan 5% Bonds of 1949 97 95 



Republic of Cuba Exterior Loan 4K % Bonds of 1949 80 85 



Havana City First Mortgage 6% Bonds 103 107 



Havana City Second Mortgage 6% Bonds 101 105 



Cuba Railroad Preferred Stock 93 95 



Cuba Railroad First Mortgage 5% Bonds of 1952 923 2 95 



Cuba Co. 6% Debenture Bonds 95 lOO 



Cuba Co. 7 o Cumulative Preferred Stock 100 105 



Havana Electric Railway Co. Consolidated Mortgage 5% Bonds of 1952. . 85 88 



Havana Electric Railway, Light & Power Co. Preferred Stock 98 993/? 



Havana Electric Railway, Light & Power Co. Common Stock 84 85 J4 



Matanzas Market Place 8% Bond Participation Certificates 100 102 



Cuban-American Sugar Co. Collateral Trust 6% Gold Bonds lOOJ-g 1013^^ 



Cuban-American Sugar Co. Preferred Stock 101 104 



Cuban-American Sugar Co. Common Stock 113 118 



Santiago Electric Light & Traction Co. First Mortgage 6% Bonds 90 9.t 



Guantanamo Sugar Company Stock (SO 62 



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



GUANTANAMO AND WESTERN RAILROAD COMPANY 



REPORT ON THE OPERATIONS OF THE COMPANY 

 FOR THE FISCAL YEAR ENDED JUNE 30. 1915 



Capital Expenditures for the year amounted to .$80,454.37, of which .$22,6.54.63 were for 

 new warehouses, stations and other buildings; $3,017.77 for water tanks; $20,933.92 for 

 extensions of yards, spurs and switches; $5,449.95 for rolling stock; $22,964.11 for the better- 

 ment of .racks, bridges and culverts, and $5,433.99 for miscellaneous improvements. 



L^nfavorable weather conditions reduced the output of most of the sugar mills. The 

 season's movement of sugar was 363,098 bags, compared with 396,018 bags the season before. 

 The loss of gross revenue from this source was offset by increases in machinery, furniture, 

 building materials, live stock, fruit and provisions. 



1915 1914 1913 



Gross Operating Earnings $465,097.36 $465,221.64 .$440,774.14 



Maintenance, Transportation and General Expenses 355,416.29 316,568.69 377,874.43 



Net Operating Earnings $109,681.07 $148,652.95 $62,899.71 



Percentage of Expenses to Earnings 76.42 68.04 85.73 



Gross Earnings per Mile $5,887.30 $5,888.88 $5,876.98 



Operating Expenses per Mile 4,498.93 4,007.20 5,038.32 



Net Earnings per Mile 1,.388..37 1,881.68 838.66 



