22 



THE CUBA REVIEW 



RAILROAD NEWS AND TRAFFIC RECEIPTS 



ANNUAL REPORT OF THE HAVANA ELECTRIC — BRANCH LINE OF THE 

 CUBA RAILROAD OPENED — FIAILWAY IN CIENFUEGOS 



lliviiri inoctric louinanv's Report increased each year. A brief comparison of 



this operation for 1909 and 1908 are shown 



In the annual report recently issued the .j^ follows: 

 c.nipanv showed record earnings through- 



nut the' entire account, and after allowing ^•'"^ ^■'^^ 



f..r the regular six per cent on the $3,000,- Car mdeage 8,007,417 7,948,973 



(Kio i)referred stock, there was a surplus Kilowatt output 10,!i83,2r.8 l(),794,tiS'.) 



.it $81G :i:il equal to 0.92 per cent on tiie Wages $20,138 $2l,10r. 



cummoii. I'"el 92,548 120,5G1 



A comparison of Havana Electnc's gross Water 1,100 2,460 



and net earnings, dividends and surplus Waste 1,745 1,978 



since Itto.-) follows: Supplies and exp.... 91 589 



„..,,.., Purch. power 24,416 21,885 



Year Gross Net Duidend burpk^s ^J^ ^^^^^^^ ^^^^^^^^ 



1909.. $2,488,647 $1,237,598 $523,911 $292,420 



1908.. 2,276,807 1.030,383 374,635 200,967 It is expected that with the mstallation 



1907.. 2,143,122 910.387 275,000 91,075 of the new power house and machinery a 



1906.. 1,919,193 664,443 200,000 *31,932 further reduction of cost of power will be 



\>H)3.. li504',S37 728,785 370,921 shown next year. 



* Deficit. " 



The above gross earnings include Ha- New Electric Line in CienfuegO-S 



vana Electric) operation of the stage lines ^ g (^^^^^^^j ^^^^ j g^^j^^.^ j,^ j^j^ ^^_ 



it c.ntrols. Gross earnmgs of the radway ,^^^^j ^ ^^^^ Cienfuegos, tells of rail- 



pn.per amounted to $2,100,761, and as pre- ^^.^^. I ^^,^,^ 



dieted previously m these columns, ex- j^^ Cienfuegos, Palmira and Cruces 



ceeded the two million mark for the hrst R^ii^^.^y ^nd Power Company has started 



'"Vf" T-, . , , , , •■.•II- construction on the roadbed within the city 

 Havana Electric declared the initial divi- jj^^^j^^ j^^ jj^^^ ^^^jjj ^^^ through the prin- 

 d.iKl on the common stock in January, 1909 ^.j j ^^^^^^^ ^^ ^j^^ ^. ^^^^ -^^ suburban 

 at whicli time a dividend ot one P^r cent extension to the towns indicated in the title 

 quarterly was declared. For 1909 $;,23,911 ^^ j,^^ companv. thus opening up all avail- 

 was required to meet both preferred and ^^^^^ ,.^,,j ^^^ suburban residences, of which 

 common dividends, but for the current ^j^^ ^.^^. -^ -^ ^^^^ ^,,j ^ ^.^^^ territory of 

 year, it the six per cent rate is maintained, ^-^^ ^^^^^^j j^^^j ^^.j^j^,^ ^^ j^^^ ,1^^,^ 

 ^4..S22 will be required. or no communication with this city. 



hrom the recent action of the directors j^^^ companv is American, the concession 



of the Havana Electric Co. it would appear, i„^,,,(,i 3,, ^^e water rights of the Hana- 



^!I-7..,5':. " "" ^{^''' •^^'"■"^'' ^^\ *•'', banilla River, where the electric power will 

 $-.463.. 0.J outstanding connnon stock of ^^ generated. All material used in the 

 (hat company is intended to maintain regii- construction of both the new waterworks 

 larly he si.x per cent basis on which it ^„j sewerage system and the electric rail- 

 was placed in April last. ^^.^^, ^,^,^,^^ j^^,^ ^,^^ United States, sucii as 



Ihe past year was exceptionally hard on ^.-^^-^-^^^^ ^,, ^^^^.^^ ; j^^„^ j ^.^i, 



the company as three tropical hurricanes ^^^^^^-'^ appliances machinerv. etc. 



visited the island, the most severe of them » „„;.., .^. ^,.„ i ^ <• " *i, » ^ 



. 1 • II t\ ^ \ 1. i,w,r. A 1 '^ union passenger depot tor the two 



striking Havana on October 11, 1909. Al.so ,.^;i,..^o,i, .,/ ;, fu- -^ * 1 



'^, , . 1 • II railroads entering this city, a concrete and 



unusuallv licavv storms occurred in Havana „„,„^„t k„;i,i: , • 1 • . * 1 



t ■ ■' -^ { ■ ..u .. T-u cement building, is now being constructed 



and vicimtv during the past vear. The ,.„,. „.■,. , „ rjf- j, 1 • c * 1 



^ i ■ ■ and will he hnished in September, 



increasing requirements for car service, ^ 



caused by the growth of Havana and by the ^ 



extension of the company's system, has On July 16th the new branch line of the 



made imperative a sul)stantial increase in Cuba Railway from iMarti to Bavamo and 



power plant capacity. According it has Manzanillo was opened to public 'traffic for 



been decided to increase the plant by 1,500 both freight and passengers. The day was 



kilowatts, 2,000 horse power, of generating generally celebrated throughout the district 



machinery. It is estimated that the cost traversed by the new line, as it puts a very 



of this change wdl be within $150,000. rich section of the country, heretofore iso- 



Operation of the power plant shows that lated by leagues of poor roads, in touch 



rar mileage and the kilowatt output have with the outside world. 



