THE CUBA REVIEW, 



15 



RAILROAD AND FINANCIAL MATTERS. 



Cuban Railroad Rates, 



It is interesting to note the conditions 

 surrounding railroad operation in Cuba, 

 as outlined by the United States consul- 

 general at Havana. One of the most 

 striking points of contrast is contained 

 in the fact that the published rates on 

 commodities such as coal, sugar, tobacco 

 and fertilizers are made subject to rebate 

 at the discretion of the companies and in 

 recognition of the magnitude of the inter- 

 ests involved. The minimum rates are 

 matters of private agreement and con- 

 tract, largely^ and while some roads 

 openly announce their rebate on certain 

 articles others do not. It is impossible 

 to obtain the absolute schedules now in 

 force. No export rates are quoted on 

 the railroads of Cuba, the tarifif only 

 covering shipment to ports where the 

 sea rates begin. 



The maximum railroad freight and ex- 

 press rates are fixed by and are under the 

 supervision of the national railway com- 

 mission. They are based on the metric 

 ton of i,ooo kilos, or 2,204 pounds, and 

 on the kilometer, or 3,280 feet. These 

 uniform per metric ton and per kilo- 

 meter rates are only varied under the 

 decree in the case of a few short rail- 

 roads which, by reason of abnormal con- 

 ditions or difference in gauge, are con- 

 ceded the right to establish an added 

 tariff. The application of the general 

 system, however, is shown on the three 

 systems which practically constitute the 

 railroad mileage of the country — the 

 United Railways of Havana, the Cuba 

 Railroad and the Western Railway of 

 Havana. 



Cuba Railroad October Report. 



The report of the Cuba Railroad Co., 

 for the month of October and four 

 months ended October 31, compares as 



follows: 



1909. 1908. 1907. 1906. 

 Oct. gross ...$156,698 $133, 19S $134,118 $137,135 

 Expenses 116,608 83,997 99,705 103,526 



Oct. net 

 Charges . . 



$40,089 

 36,657 



H9,198 $34,413 

 32,487 28,329 



$33,609 

 25,412 



Oct. sur. 

 4 mo. gross 

 Expenses . . 



4 mo. net.. $196,595 $214,952 $159,582 $95,189 

 Charges 141,877 129,275 113,317 101,653 



$3,432 $16,710 $6,084 $8,197 

 641,234 556,052 577,574 521,857 

 444,639 341,100 417,992 426,668 



4 mo. sur . 

 ^Deficit. 



$54,718 $85,677 $46,265 *$6,461 



The Camaguey Company, Limited. 



The following is a comparative state- 

 ment of earnings for 11 months, ending 

 November, 1908, and 1909: 



Nov. 08. Nov. 09. Increase. 

 Gross. . $10,793.28 $11,331.21 $537-93 

 Net . . 4,170.17 5,006.24 836.07 

 For eleven months to Nov. 30th: 



1908. 1909. Increase. 



Gross. .$108,221.86 $122,119.20 $13,897.34 

 Net. . . 48,717.67 55,896.93 7.179-26 



Republic of Cuba Revenues. 



The Republic of Cuba has issued a 

 statement of revenues to the New York 

 Stock Exchange for the past three 

 years ended June 30, 1907, 1908 and 1909, 

 as follows: 



Other 

 revenues. 



1909 

 1908 

 1907 



Customs 



receipts. 



.$22,143,055 



. 24,740,594 



• 24.733,183 



Special 

 taxes. 



3,785,380 

 3,987,165 



^2,725, 180 

 2,687,007 

 2,761,970 



QUOTATIONS FOR CUBAN SECURITIES. 



Supplied by LAWRENCE TURNURE & CO., New York City, January 1, 1910. 



Republic of Cuba 5 per cent, bonds (Exterior) 



Republic of Cuba 6 per cent, bonds 



Republic of Cuba 5 per cent, bonds (Interior) 



Havana City First Mortgage 6 per cent, bonds 



Havana City Second Mortgage 6 per cent, bonds 



Cuba Railroad First Mortgage 5 per cent, bonds 



Cuba Railroad preferred stock 



Cuba Company 6 per cent, debentures 



Havana Electric Consolidated Mortgage S per cent, bonds 



Havana Electric preferred stock 



Havana Electric common stock 



Mantanzas City Market Place S per cent, bonds certificates 



(All prices of bonds qtioted on an "and interest" basis.) 



