16 



THE CUBA REVIEW. 



RAILROAD AND FINANCIAL MATTERS. 



Havana Electric Railway Stock. years previous to December, 1903, when the 



The Wall Street Jorunal of New York, ''ate was increased *o 8% per annum. The 



in response to an inquiry regarding Havana surplus and undivided profits amount to 



Electric Railway common stock as an in- a'jout $1,000,000, and the total assets are 



vestment and as to the probable effect on placed at $22,000,000. The head institution 



the stock of the rumored withdrawal of the is located in Havana, and there arc fifteen 



preferred stock, replies as follows : branches in Cuba, besides having a lar^e 



"The Havana Electric Railroad Co. was number of correspondents at various points, 

 incorporated in New Jersey in 1899 with The Xew York agency is at No. 1 Wall 

 $7,500,000 common stock and $5,000,000 67o Street. 'Ihe officeis are Edmund G. 

 non-cumulative preferred. The dividends Vaughn, president; Pedro Gomez Mena, 

 upon the preferred have been as follows: Samuel ^l. Jarivs ..nd W. A. Mercnant, 

 In 1906, 3%; in 1907, 5%, and in 1908. 67o. vice-presidents; H. Olavarna. cashier. The 

 The present rate is 6%, payable quarterly, directors are John G. Carlisle. Pedro 

 February, :\Iay, August and November. In Gomez [Mena, William I. Buchanan, Sam- 

 January' 1909, the directors declared an uel M. Jarvis, J. S. Bache, Edmund G. 

 initial dividend of 1% on the common which Vaughn, W. A. Merchant, Jose M. Bcrriz 

 was paid February 15. The present rate on and Ignacio Nazabal. The stock is not 

 the common is 4% annually. It is our un- listed on any e.xchange and has a very 

 derstanding that the property was formerly narrow market, being quoted around 108 to 

 rather poorly managed, but since new inter- HO. At this price the yield is most e.x- 

 ests have gotten into it that conditions are cellent, and considerino- the dividend record, 

 much improved. The preferred can hardly seems to afford an attractive purcha>e. 



be considered as more than a speculation ^ 



and we would not advise the purchase of ^Thc Cuba Railroad Company announces 

 the common except to hold for a long pull. that Coupon Number lo, due Jan. 1, 1910, 

 As to the rumor of the retirement of the on the First ^Mortgage Five Per Cent, 

 preferred, we cannot ascertain that any Coupon Bonds of the Cuba Railroad Corn- 

 such provision exists and perhaps you refer pany. and subsequent coupons on said 

 to the consolidation of this property with bonds, will be paid at the agency of the 

 other public utilities in that district, which Royal Bank of Canada, New^ York City. 



story has been revived from time to time. 



It does not seem likely that this move will y,^^ ^^^^^ Company announces that Cou- 



be made any time soon. „ Number 8. due Jan. 1, 1910. on the 



The closing asking price on December 2 .jebentures of The Cuba Company, and sub- 

 on the Stock E.xchange was 86, and 400 ^^^,,^,,^ coupons on said debentures, will 

 shares were dealt in. ^^ p^jj ^^ ^j^g agency of the Royal Bank 



of Canada, New York City. 



An Attractive Purchase. 



The same publication an>wers a query The Havana Gas & Electric Light & 



garding the National Bank of Cuba as fol- Power Co. earnings from Januarv to Sep- 



lows: "The National Bank of Cuba is tember 30, 1908, were $1,262,393.66, and in 



capitalized at $5,000,000, par $100 per share. the same period of 1909, $1,418,780.27. an 



The stock paid 6% annually for seven increase of $156,386.61. 



PRICES FOR CUBAN SECURITIES. 



(..Supplied b}' Lawrence Turnure & Co.) 



Bid. Asked. 



Republic of Cuba 5 per cent, bonds (exterior) 102^ 103^4 



Republic of Cuba 6 per cent, bonds 99^ lOOj/g 



Republic of Cuba 5 per cent, bonds (interior loan ) 95 95^ 



Havana City first mortgage 6 per cent, bonds 105 107 



Havana City second mortgage 6 per cent, bonds 104 107 



Cuba Railroad first mortgage 5 per cent, bonds 100 102 



Cuba Railroad preferred stock 70 None 



Cuba Company 6 per cent, debentures 



Havana Electric Consolidated mortgage 5 per cent, bonds 92^ 92 



Havana Electric preferred stock 90 92 



Havana Electric common stock 84 85 



Matanzas City Market Place 8 per cent, bonds certificates 102 104 



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



