THE CUBA REVIEW 



23: 



THE CUBAN TOBACCO INDUSTRY 



CIGAR EXPORTS OF CUBA 



In the eleven months of 1913 and 1912 

 Cuba exported cigars to the number of 

 164,969,777 in 1913 and 161,320,221 in 1912, 

 an increase of 3,639,556 cigars. 



The exports would have been much 

 larger but for a bad rain\- period in No- 

 vember, which caused considerable damage 

 to Havana manufacturers, the humidity 

 causing a cessation of operation for over 

 two weeks. The weather really decreased 

 the output of cigars by 2,000,000. The dis- 

 tribution of this great product compares as 

 follows : 



1913 1912 



Australia 5,366,435 4,879,664 



Argentine 3,633,898 4,863,882 



Canada 12,449,322 11,813,769 



Chili 3,333,206 2,928,303 



England .50,030,466 55,495,970 



France 9,314,492 8,457,471 



Germany 12,650,349 13,610,945 



Spain 4,604,605 4,125,343 



United States 48,212,203 47,960,095 



Other countries .... 6,374,801 7,194,779 



from tlie Santa Clara Province. We re- 

 peat again, however, that one good fall of 

 rain might still work wonders, if it should: 

 come during the next fortnight." 



TOBACCO RECEIPTS AT HAVANA 



The receipts of tobacco at Havana from 

 January 1st to December 25th are given 

 as follows : 



Bales 



\'uelta Abajo 258,861 



Semi-\*uclta 31,822 ■ 



Partido 16,'858 



Remedios 174,418 



Oriente 7^830- 



Total 489,789- 



CANADA BUYS CUBAN CIGARS 



From January 1 to December 15, 1913, 

 Canada's consumption of Cuban tobacco- 

 aggregated 16,394 bales of leaf and 12,- 

 948,972 cigars. 



CONDITION OF THE CROP 



Tobacco of New York says in its issue 

 for January 1st : 



"The crop outlook must be described as 

 poor at the moment, on account of the 

 long-continued drought, excepting in the 

 Partido section, where through artificial 

 irrigation the situation is not as bad. El 

 Tabaco in its edition of December 25th 

 gives a glowing account of the Manicara- 

 gua section, which we have heard is mis- 

 leading, therefore for the present we are 

 doubting the correctness of the report as 

 it does not correspond to the other news 



Key West is claimed to be an ideal place- 

 for the manufacture of high-grade cigars - 

 from Cuban tobacco. They say the to- 

 bacco works up better the closer the fac- 

 tory is to the field where it is grown, and_ 

 that Key West, being very close to Cuba, 

 has practically the same climate and at- 

 mospheric conditions. 



The Key West Box Factory makes cigar 

 boxes of Cuban cedar to be used in pack- 

 ing the output of the Key West cigar fac- 

 tories. The lumber utilized is brought over 

 from Cuba, and is here cut to dimensions,. 

 planed, dressed and put together. The fac- 

 tory employs more than 100 people. 



Financial Matters 



ROYAL BANK OF CANADA STATEMENT 



The annual statement of this well known 

 institution has just ijeen issued for the 

 year ending November 30, 1913, and makes 

 an attractive showing. 



The net profits for the year amounted to 

 $2,142,100.22, equivalent to slightly over 

 18 ^/{> per cent on the capital stock. 



With a balance from the previous year 

 an amount of $2,752,319 was available for 

 distribution. Of this amount dividends at 

 the rate of 12 per cent per annum took 

 $1,387,200; $100,000 was applied to pension 

 fund : $250,000 written off bank premises, 

 leaving an amount of $1,015,119 to be car- 

 ried forward. 



NATIONAL BANK DIVIDEND 



The National Bank of Cuba has declared" 

 a four per cent dividend for the six months 

 ending December 31st. The dividend was 

 paid on January 2d. 



PREFERRED HAVANA CO. ORGANIZED 



The Preferred Havana Co. has l)een in- 

 corporated with a capitalization of $2,000,- 

 000, as a holding company, to take over the 

 established business of Bustillo Bros. & 

 Diaz, Lopez Hermanos & Co., and Philip 

 ^'crplanck &• Co., of Tampa, and Calixto 

 I opez «& Co., owners of the Eden factory 

 in Havana. — Tobacco of New York. 



