THE CUBA REVIEW. 



19 



RAILROAD MATTERS. 



May Earnings of the Havana Electric Ry. 



Week ending May 3, $34,427 — an in- 

 crease of $953 as compared with the 

 same period in 1907. 



Week ending May 10, $37,407.85— an 

 increase of $4,918 over 1907. 



Week ending May 24, $35,580.75— an 

 increase of $1,918 over 1907. 



Week ending May 30, $34,393.04— an 

 increase of $2,174.65 over 1907. 



The increase to date as compared with 

 the same period of 1907 was $71,207. 



May Earnings of the United Railways. 



For the week ending May 2 the earn- 

 ings were £14,439, or £14,129 less than 

 the same week in 1907. Earnings to date 

 aggregated £819,093, a deficit of $261,024. 



For the week ending May 9 the earn- 

 ings were £13,884, or £7,133 less than 

 the same week in 1907, when the receipts 

 totaled £21,017. Earnings to date were 

 £840,110, a deficit of £268,157 as com- 

 pared with 1907. 



For the week ending May 23, earnings 

 reached £12,514. For the same week in 

 1907, £15,565. 



For the week ending May 30, earnings 

 aggregated £11,542. For the same week 

 in 1907, £14,242. 



Earnings to same date were £876,591, 

 a decrease of £279,002 as compared with 

 the same period of 1907. 



Cuba Railroad Earnings, 



Surplus earnings for April were $54,- 

 430, against $59,890 sn 1907; /for', .'ten 

 inonths $305,888, against $241,397 in 

 1907. 



The report of the Cuba Railroad Com- 

 pany for April and ten months ended 

 April 30, i(go8, compares as follows: 



1908. 1907. 



April gross ..... $209,758 $208,973 

 Expenses 123,436 120,754 



April net $86,322 $88,219 



Charges 31,892 28,329 



April surplus . . . $54,430 $59,890 



Ten months gross . 1,720,385 1,578,863 

 Expenses 1,112,879 1,068,195 



Ten months net. $607,506 $510,668 

 Charges 301.618 269,271 



Ten mos. surplus. $305,888 $241,397 



The treasury department has been in- 

 formed favorably by the railroad commis- 

 sion on the petition of the Dubrocq Railroad ' 

 to construct a terminal station on property 

 belonging to' the state. 



Havana Central Railroad Company 

 Meeting. 



The Havana Central Railroad Com- 

 pany has given notice of a special meet- 

 ing of stockholders to be held at the 

 principal office of the company, No. 15 

 Exchange Place, Jersey City, N. J., on 

 June 23. The object of the meeting be- 

 ing, by stockholders' consent, to author- 

 ize and approve the making, execution 

 and delivery by the company of an issue 

 of bonds to an amount not exceeding 

 the aggregate principal sum of $3,500,000, 

 to bear such date or dates, to mature on 

 such date, to bear such rate of interest 

 land to be in such form and in such 

 terms as the' Board of Directors may de- 

 termine, and to consent to, authorize and 

 approve the making, execution and dle- 

 livery, as security therefor, of an inden- 

 ture_ of mortgage in such form and con- 

 taining such covenants as may be ap- 

 proved by the Board of Directors, cov- 

 ering the terminal and other properties 

 of the coimpany, and to consent to and 

 approve the pledge by the directors of 

 this company of such bonds with other 

 collateral to secure an issue of three- 

 year six per cent, sterling notes of this 

 company, not to exceed in the aggregate 

 the principal sum of £600,000, and td 

 transact such other business connected 

 therewith as the stockholders may deem 

 proper. 



The meeting called for June 15 to au- 

 thorize an issue of $3,500,000 bonds to be 

 used as collateral for an issue of 6 per 

 cent, three-year notes has been post- 

 poned. 



An Observation Cax- for Havana's Streets. 



New sight-seeing car of the Havana Electric 

 Ry. This is the first car of this kind to be 

 used on any railroad in Cuba, and was con- 

 structed in Cuba at the shops of the company in 

 Chorrera. 



