THE CUBA REVIEW 



ai 



United Railways Earnings 



Havana's Custom-House Collection 



The collections of Havana's custom- 

 house for May compares as follows : 



1910 $1,410,790.48 



1909 1,343,434.38 



1908 1,370,889.04 



1907 1,573,055.22 



The race was started Saturda}'-, May 21, 

 at 12.30 p. m., from Philadelphia, the start 

 having been made by the mayor of that city. 



The Spanish Treaty 



It was reported on June 1st that this 

 was being prepared at the State Depart- 

 ment and ready for the President's atten- 

 tion. The concession made to Spain will 

 in no way hinder the commercial relations 

 which Cuba has with the United States by 

 virtue of the reciprocity treaty, and Cuba 

 expects to receive from Spain better treat- 

 ment for her tobacco, which is now prac- 

 tically barred from the Spanish market. 



A decree has been issued whereby re- 

 volutionary bonds of 1896 will be paid by 

 Messrs. Speyer & Co., of New York, on 

 and after October 1st. They will bear no 

 interest after that date. 



Branch Line in Service 



The new branch line between Bayamo 

 and Marti was recently opened for pas- 

 senger service. At Guamo it is still neces- 

 sary to transfer passengers across the 

 Cauto river, the bridge there not being fin- 

 ished. 



The bridge over the Byamo river has 

 been completed. This is a beautiful struc- 

 ture and cost approximately $85,000. 



In all, three bridges have been built for 

 this new service, and they are considered 

 the largest and best bridges in the island. 



To Be Listed on Stock Exchange 



The Cuban-American Sugar Company 

 will apply shortly to the Stock Exchange 

 for permission to list $7,500,000 bonds, 

 $6,295,000 preferred stock and $6,496,000 

 common stock, all outstanding. The com- 

 pany was incorporated in 1906 in New Jer- 

 sey and has large sugar plantations in 

 Cuba. 



William Greenwood in Contempt 



Supreme Court Justice Platzek granted 

 on June 6th a motion to punish William 

 M. Greenwood of Middletown, N. J., for 

 contempt of court because he did not obey 

 an order to appear before a referee and 

 give an accounting of $1,500,000 that went 

 through his hands as purchasing agent of 

 the Havana Central Railroad when it was 

 building 120 miles of railroad in Cuba some 

 years ago, says the A^. Y. Sun. The com- 

 pany alleges that Greenwood got secret 

 commissions from railway supply firms, 

 was to get 2 per cent, commission from the 

 company on the net cost of goods and has 

 never furnished any vouchers. 



Greenwood refused to appear on the 

 ground that he was never properly served 

 with the order directing him to give an 

 accounting. — A^ Y. Sun. 



HAVANA ELECTRIC RAILWAY REPORTS 



The report of this company, showing earnings of railroad and stages, for the year 

 ended December 31st compares as follows : 



1909 1908 



Gross $2,488,647 $2,276,807 



Col. an susp. account 1,251,049 1,246,424 



Total net 22,717 



Fixed charges and taxes 1,260,315 1,030,383 



Surplus 443,984 454,781 



Dividends *816,331 575,602 



Expenses 523,911 374,635 



Net 1,237,598 1,030,383 



Surplus 292,420 200,967 



* Equal to 6.92 per cent, on $7,463,703 common stock after allowing for 6 per 

 $5,000,000 preferred. 



1907 

 $2,143,122 

 1,232,735 



910,387 

 544,313 

 366,074 

 275,000 

 910,387 

 91,075 



cent, on the 



