16 



THE CUBA R E \' I E \V 



RAILROAD AND FINANCIAL MATTERS. 



The Lottery and Savings Deposits. 



The cstal)lishmcnt of the Lottery in 

 Cuba has not intertered or reduced in 

 any way the savings of Cubans on depos- 

 it here, said Mr. E. G. \'aughan, the 

 president of the National Bank of Cuba, 

 in Havana a few weeks ago. There has 

 been no interruption to the steady in- 

 crease in deposits which has been going 

 on since the savings department was in- 

 stituted. There has been the usual in- 

 crease shown and the total of deposits, 

 now reaching about $2,000,000, has not 

 been reduced. We have noticed, how- 

 ever, an increase in transient accounts, 

 which did not last very long. We at- 

 tributed these new accounts to those 

 who had won certain sums at the lotterj- 

 drawings, after which these accounts 

 generally appeared, but the funds were 

 quickly withdrawn, evidently for suc- 

 cessive ventures in the lottery. We be- 

 lieve that our figures show that our de- 

 positors in the main believe more in the 

 steady accumulation of savings, and that 

 the glamour of lottery successes does 

 not afTcct them. We send out much in- 

 forming literature in favor of thrift and 

 the advisability of laying aside for old 

 age and the needs of in^rmities, showing 

 that care of the centavos will provide 

 the centimes in due course of time. It 

 is exceedingly gratifying to us that these 

 favorable conditions exist, not alone in 

 Havana, but in other parts of the island, 

 where we have branches. Opposed to 

 the lure of the lottery- and quick gains 

 is the potent influence of a growing ac- 

 count in the savings bank. 



Inquiries made during the latter part 

 of last month, at the branches of the 

 bank in Mantanzas, Santa Clara. Cien- 

 fuegos and Camaguey regarding the sav- 



ings of thrifty Cubans, brought the same 

 favorable replies. That savmgs had not 

 been diminished and that the usual per- 

 centage of increase in new accounts was 

 strongly in evidence. 



The Cuba Railroad Company. 



Statement of earnings and expenses 

 for month of December: 

 Gross earnings... $211,583.48 $174,348.79 

 Working exp 116,562.95 100,144.08 



Net profits 95,020.53 74,204.71 



Fixed charges for 



month 36.666.67 32,502.78 



Surplus for month $58,353.86 $41,701.93 

 Gross earnings 



from July 1 .. .$1,019,266.15 $847,610.23 

 Net profits from 



July 1st 347,104.46 322,633.80 



Fixed charges 



from July 1st.. 215.210.28 194,273.61 

 S u rp 1 u s f r o m 



July 1st $131,894.18 $128,360.19 



The Trust Company of Cuba has de 

 dared a dividend of three per cent, on 

 its capital stock. 



The National Bank of Spain maj- es- 

 tablish a branch in Cuba in an attempt 

 to extend its business in the island. 



An application for a trolley franchise 

 from the port of Viero on the north 

 coast to the .American colony, J^a Gloria, 

 and thence to Camaguey was filed with 

 the President Dec. 31. 



QUOTATIONS FOR CUBAN SECURITIES. 



Supplied by L.WVRF.XCK TlRXfRE .*t CO., New York City, February 1, 1910. 



Bid. 



Republic of Cuba 5 per cent, bonds (Interior) 96^2 



Republic of Cuba 6 per cent, bonds OOyi 



Republic of Cuba 5 per cent, bonds (Exterior) 103 J4 



Havana City First Mortgage 6 per cent, bonds 106 



Havana City Second Mortgage 6 per cent, bonds 105 



Cuba Railroad First Mortgage 5 per cent, bonds 100 



Cuba Railroad Preferred Stock 70 



Cuba Company 6 per cent, debentures 92 



Havana Electric Consolidated Mortgage 5 per cent, bonds 93J^ 



Havana Electric Preferred stock 94 ^ 



Havana Electric Common stock 93 



Mantanzas City Market Place 8 per cent, bonds, certificates 103 



(.-\11 prices of bonds quoted on an "and interest" basis. 



.-\sked. 



97^ 

 100 

 104 

 108 

 108 



80 

 96 

 9554 

 98J4 

 97 

 106 



