THE CUBA REVIEW 



23 



Foreign Tobacco Exportations 



A House bill newly introduced affects 

 the exportation of foreign tobacco from 

 Cuban ports, which is dumped on the 

 American and other markets are grown in 

 this country. 



The bill amends paragraph 317 of the 

 tariff suppressing paragraphs C and D. 

 The former allows the importation of leaf 

 tobacco, for wrapper or hller, stripped or 

 unstripped. The latter allows the importa- 

 tion of cigars, cigarettes and cheroots of 

 all cases. 



It is charged that importers and dealers 

 in the United States purchase Sumatra 

 and Porto Rican leaf and deposit it under 

 bond in the warehouses in American ports 

 where they leave it for the limit of the 

 time they are allowed. 



At the end of a year this tobacco is 

 re-exported to Cuba and without landing 

 it is reshipped. The tobacco upon arriv- 

 ing at the American markets is represented 

 to have been grown in Cuba and a ready 

 sale is obtained. Otherwise they keep it 

 in storage and thus are able to obtain its 

 storage for twelve months more. 



Imports and Exports 



Cuba's trade with the world for twelve 

 months ending with December comprises 

 as follows : 



1908 1909 



Imports $85,218,000 $91,027,000 



Average per month. 7,102,000 7,586,000 



Exports 94,603,000 124,711,000 



Average per month. ''',884,000 10,393,000 

 — Summary of tlie United States 

 Dep't of Commerce and Labor. 



commercial schools at the provincial in- 

 stitutes of Oriente, Camaguey, Santa Clara 

 and Pinar del Rio, instruction to be free 

 except for the matriculation fee. 



These schools exist already in the pro- 

 vincial institutes of Havana and Matanzas, 

 the idea of the bill being to extend the 

 system throughout the island. 



Report of the Cuban Treasury 



The report of the Treasury of Cuba for 

 June 1910 is as follows : 



Total Revenues for Month $3,627,265 



Balance from May 1,930,366 



Total $5,557,631 



Amount deposited in banks or 

 delivered to paymasters $5,557,631 



Balance July 1st — 



In banks $1,365,402 



With paymasters 144,157 



Total $1,519,559 



Payments Pending — 



Decrees of Provisional Gov- 

 ernment $1,551,774 



Laws of 1906 728,770 



Laws of 1909-10 1,852,558 



Total Liabilities $4,133,104 



More Commercial Schools 



The Senate recently approved the Ale- 

 man bill authorizing the establishment of 



"The Electric Light and Traction Co. of 

 Santiago," says La Lncha of June 6, has 

 passed to American hands." 



There are great hopes that the change 

 in management will mean an extension of 

 the car service to many of the outlying 

 settlements of Santiago which are develop- 

 ing rapidly. Business men of the city 

 would prefer to live at certain seasons at 

 Caney, Boniato, San Vincente, Dos Bocas 

 and Cristo, where there is pure air, rather 

 than in Santiago's stifling streets. 



June Quotations for Cuban Securities 



(Supplied by Lawrence Turmire & Co., New York; 



Bid 



Republic of Cuba 5 per cent. Bonds (interior) 97 1^ 



Republic of Cuba 6 per cent. Bonds lOO 



RepubHc of Cuba 5 per cent. Bonds (exterior) 102 



Havana City First Mortgage 6 per cent. Bonds 106 



Havana City Second Mortgage 6 per cent. Bonds 106 



Cuba Railroad First Mortgage 5 per cent. Bonds 100 



Cuba Railroad Preferred Stock 75 



Cuba Company 6 per cent. Debentures 90 



Havana Electric Consolidated Mortgage 5 per cent. Bonds 95 



Havana Electric Preferred Stock 



Havana Electric Common Stock 



Matanzas City Market Place 8 per cent. Bonds — Certificates 104 



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



Asked 



97% 

 102 

 102% 

 108 

 108 

 102 



78 



95 



96 



97 



96% 

 105 



