THE CUBA REVIEW 



19 



FINANCIAL MATTERS 



account of the twelve months ending June 

 30 next, the board now announce their in- 

 tention of paj'ing 6*: c on this issue, half of 

 which, as a matter of fact, was distributed on 

 the 1st instant the balance being due on 

 November 1st next. The Company appears 

 to be actuaUj^ earning something over 10% 

 on this issue. — London Financial Times. 



CHANGE IN TRAIN SERVICE 



Domingo A. Galdos, manager of the Cuba 

 Raih-oad, is preparing a new ti'ain service 

 between Camaguey and Santiago de Cuba. 

 It will be of great benefit to the cattle ranches 

 in those provinces. A train will leave 

 Camaguey every day at 7 p. m., arriving at 

 Santiago de Cuba at 4 p. m., and another 

 train will leave Santiago de Cuba for Cama- 

 guej' at the same hour arriving at Camaguey 

 in the afternoon. 



ELECTRIC OMNIBUSES READY 



The day of the "Guagua," the old time 

 omnibus, which long has traversed the streets 

 of Havana, is over and will be supplanted by 

 electric omnibuses to be operated by the 

 Havana Electric Railway, Light and Power 

 Co., which, as far back as 1892,' purchased the 

 Union Omnibus service and which has con- 

 tinued to exploit that most economical 

 method of transportation in the city. 



The Havana Electric has had this plan in 

 view for some time and recently when a block 

 of land was purchased on San Francisco 

 Street, the plans approved were for an im- 

 mense garage which will house part of the 

 new vehicles. 



The high price of gasolene, which in Cuba 

 is more than double that in the United States, 

 substantially prohibits the operation of 

 gasolene or petrol vehicles at the rate of fare 

 which can be collected, whereas the company 

 can produce the electric energy for omnibus 

 service with but slight addition to the power 

 plant and distribution expenses by the 

 utihzation of generator and cable capacitv 

 when they would be otherwise underloaded. 



The annual report for 1913, states par- 

 ticulars about this branch of the company's 

 activities as follows: 

 Number of stages (guaguas) .... 165 



Number of animals 1330 



Earnings per mile $ .1048 



Earnings per stage per day 5.926 



Gross earnings for the vear S356, 894.03 



As against 1912 ." 390,001.95 



Net earnings for the vear 72,208.96 



NO TROLLEY FOR MATANZAS 



The long promised trolley service for 

 Matanzas appears doomed, judging from the 

 fact that the company which has obtained 

 the franchise for the construction of the line 

 has closed its office in the city. 



The company has also discharged the 

 engineer who was beginning the work of 

 track laying. No statement has been ob- 

 tained of the plans of the company for the 

 future. 



The Electric Review of Chicago, 111., states 

 that the Cameron Engineering Companj^ of 

 Washington, N. J., has been awarded a con- 

 tract for a monorail system to be erected in 

 Cuba by a Cuban firm. This line will be 

 electrically operated from troUej's. 



PREVAILING PRICES FOR CUBAN SECURITIES 



(Quoted by Lawrence Turnure & Co., New York) 



Bid Asked 



Republic of Cuba Interior Loan 5 per cent Bonds 923^2 93 J4 



Republic of Cuba Exterior Loan 5 per cent Bonds of 1944 100 100^ 



Republic of Cuba Exterior Loan 5 per cent Bonds of 1949 98 98^^ 



Republic of Cuba Exterior Loan 4:}^ per cent Bonds 92 93 J^ 



Havana Citj' first ^lortgage 6 per cent Bonds 102 107 



Havana Citv Second Mortgage 6 per cent Bonds 98 102 



Cuba R. R. First Mortgage 5 per cent Bonds 98 102 



Cuba R. R. Preferred Stock 97 101 



Cuba Company 6 per cent Debenture Bonds 95 100 



Cuba Company 7 per cent Cumulative Preferred Stock 105 110 



Havana Electric Railway Consohdated Mortgage 5 per cent Bonds 91 92 



Havana Electric Railway Light and Power Co. Preferred Stock 90 95 



Havana Electric Railway Light and Power Co. Common Stock 75 80 



Matanzas Market Place 8 per cent Participation Certificates 100 103 



Cuban-American Sugar Company Collateral Trust 6 per cent Bonds 92 93 



Cuban-.American Sugar Company Preferred Stock 80 84 



Cuban- American Sugar Company Common Stock 20 23 



Santiago Electric Light and Traction First ^Mortgage 6 per cent Bonds 98 983^ 



All prices ot bonds quoted on an "and interest basis." 



