20 



THE CUBA REVIEW 



FINANCIAL AND RAILROAD MATTERS 



COMPLETE AMALGAMATION 

 NOT DESIRED 



It is noteworthy that there is no intention 

 of completely amalgamating the United of 

 Havana with its latest acquisition, the 

 Western of Havana and the Cuban Central, 

 as was suggested some time ago. Local 

 sentiment has to be considered, and any 

 borrowing powers which the two latter 

 possess and which might be useful in the 

 future would, of course, lapse in the event 

 of a complete fusion. There will be separate 

 accountants for all the concerns, with a chief 

 accountant in control. — London Observer. 



CUBAN TELEPHONE COMPANY 



During May the earnings were $97,446.87, 

 as against $73,550.75 in 1913. 



The first five months show earnings to be 

 $457,946.46, as against .$348,349.11 for the 

 same period in 1913. At the end of May, 

 1914, the company had 16,904 telephones in 

 service. 



CAPITALIZATION OF CUBAN ROADS 



The railway capitalization per mile of 

 the roads of Cuba is given by the United 

 States Bureau of Railways as $42,624. 



NEW LOCAL RAILROAD 



An interurban road is projected for Sancti 

 Spiritus in Santa Clara Province and its en- 

 virons, by leading men of the municipality. 

 It is to be called the Interurban Railroad of 

 Sancti Spiritus, Ltd. and will tap surrounding 

 towns to facilitate the transportation of pas- 

 sengers and merchandise. 



CONDITION OF THE TREASURY 



The condition of the Cuban treasury, on 

 May 30, 1914, is given out by the depart- 

 ment as follows: 



Cash on hand $1,988,788 



Income during April from customs 

 collections, consular fees, post- 

 office receipts, national lotteries, 



loans, taxes, etc 4,710,303 



Expenses for month for the army, 



interest on loans, etc 4,617,689 



Accounts on hand and in course of 



collection 2,081,402 



Total $6,699,092 



EARNINGS OF WESTERN RAILWAY OF 

 HAVANA 



Weekhj receipts: 1914 1913 



May 30th £5,389 £7,064 



June 6th 5,473 5,767 



June 13th 4,865 5,797 



June 20th 5,030 5,811 



EARNINGS OF CUBAN CENTRAL RAILWAY 



Weekly receipts: 1914 1913 



May 30th £9,524 £13,313 



June 6th 8,378 10,282 



June 13th 8,849 8,356 



June 20th 7,478 6,954 



NATIONAL BANK DIVIDEND 



The National Bank of Cuba has declared 

 the visual semi-annual dividend of 4 per cent, 

 in favor of shareholders of record June 20, 

 payable July 1 . 



PREVAILING PRICES FOR CUBAN SECURITIES 



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



Bid Asked 



Republic of Cuba Interior Loan 5 per cent Bonds 923^ 933^ 



Republic of Cuba Exterior Loan 5 per cent Bonds of 1944 100 K 101 



Republic of Cuba Exterior Loan 5 per cent Bonds of 1949 98 | 98 f 



Republic of Cuba Exterior Loan 43^ per cent Bonds 93 94 



Havana City First Mortgage 6 per cent Bonds 101 103 



Havana City Second Mortgage 6 per cent Bonds 98 102 



Cuba R.R. First Mortgage 5 per cent Bonds 99 102 



Cuba R.R. Preferred Stock 97 100 



Cuba Company 6 per cent Debenture Bonds 95 99 



Cuba Company 7 per cent Cumulative Preferred Stock 105 110 



Havana Electric Railway Consolidated Mortgage 5 per cent Bonds. ... 913^ 923^ 



Havana Electric Railway Light and Power Co. Preferred Stock 89 92 



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



Matanzas Market Place 8 per cent Participation Certificates 100 102 



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



Cuban-American Sugar Co. Preferred Stock 79 82 



Cuban-American Sugar Co. Common Stock 2034 2134 



Santiago Electric Light and Traction First Mortgage 6 per cent Bonds. 9834 98 H 



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



