i6 



THE CUBA REVIEW And Bulletin. 



MOItERATES WANT El.F.C TIO.NS POSTPONED, SAV 

 CUBAN VETERANS. 



Several Cuban veteran.'; have addre.ssed 

 a letter to Governor Magoon, dated Alto 

 Sonjro, July 27, denying that any intention 

 exist.s to dis:urb public order, and alleging 

 that all such runior.s emanate from mod- 

 erates who desire to postpone the elections, 

 being aware that their chances of success 

 are but few. The veterans state that the 

 moderaies desire to retain office and put 

 off the elections. The signers of this letter. 

 Brigadier Jose de la Puente, cl. Silveriro 

 Mercadal. Brigadier Rafael Petrclojo, all 

 members of the Constitutional Army, and 

 Liberals to wit, offer their services to the 

 governor and make themselves responsible 

 for the preservation of peace in that 'district. 



GOMEZ LIBERAL.S FUSE WITH REPUBLICANS. 



A fusion of the Republicans and Gome? 

 Liberals was carried out successfully early 

 in July, under the leadership of Senor 

 \'iondi. thereby largely increasing the 

 strength of General Gomez, and the Repub- 

 licans becoming by the coalition a party 

 of importance and a fictor in the island's 

 affairs. 



CUBAN NEGROES WANT OFFICES. 



Cuban negros are organizing in Pinar 

 del Rio. They want more political recog- 

 nition. They have borne the brunt of the 

 many wars, have done some hard fighting 

 and feel that 1 more liberal division of of- 

 fices among them is their due. If an or- 

 ganization is effected it will be a strong one. 

 is the general opinion, and it is one that 

 will grow rapidly in all the provinces. They 

 want the re-establishment of a republic, be- 

 lieving they will fare better under a Ciiban 

 regime than under that of the Americans. 

 A ne.ero politician. Batrcll Oviedo, is rous- 

 ing his class by statements showing the 

 great services the negro has rendered to 

 the government and the small patronase 

 he has thus fir received. 



The colored Cuban Brigadier, Estcncz. at 

 a meeting on .\ugust 6 at San Juan y Mar- 

 tinez, in furtherance of this object said that 

 they neither belong to the Liberal or Con- 

 servative parties ; that they are neither fol- 

 lowers of Gomez or Zayas. 



The purpose of the administration in Cuba 

 seems to point to a gradual change to 

 American currency in all the departments 



of industry. L)n the railroads. cu>t<)m 

 house, postoffice. etc., values are already 

 based on American money, and in Santiago 

 and many other cities east of Camaguey. 

 Spanish money will not circulate exceiH at 

 a large discount. Nevertheless, the change 

 will cause serious disturbances in many 

 quarters where labor is largely employed 

 and conmiercial interests will be best 

 served by a cautious adjustment of the 

 difficulties the change will develop. 



There is a fear among business men that 

 the payment of the tobacco workers in 

 L'ni'.ed States currency may form a prece- 

 dent which will cause other classes of labor 

 to make a similar demand. In the case of 

 the sugar planters this would be deplorable 

 because it would increase the labor ex- 

 penses over 109^. the difference between 

 Spanish gold and .\merican money, with- 

 out the possibility of any compensatory in- 

 crease in the price cf their sugar. As a 

 matter of fact the planter is now and has 

 been for several years working not only 

 under the burden of unfavorable prices, 

 created in a world market by competition 

 with the sugars of other countries, but also 

 hampered by unfavorable weather condi- 

 tions. The wages paid the laborer on the 

 sugar plantations for the past two years has 

 been steadily increasing, and payments in 

 American currency would prove the "last 

 straw" in many cases where the margin of 

 profit has already been cut down to the 

 most slender proportions. 



TOBACCO STRIKEKS TO BE PAin IN .\MERICAN 

 CURRENCY. 



Many independent factories in Havana 

 have opened on the basis cf Spanish gold 

 at the same prices which prevailed before 

 the strike. The independents as a whole 

 are willing to pay their workmen in Am- 

 erican currency later, when matters can be 

 adjusted. 



J. N. Staples, director of Henry Clay & 

 Bock Co., defined the terms which ended 

 the strike, and promised that American cur- 

 rency would be used in payment of tobac- 

 conists emploj-ed by Henry Clay & Bock 

 Co. in Havana. Bejucal. Guanajay. Santi- 

 ago de las Vegas, and Hoyo Colorado. 

 "Governor Magoon's letter,"' he says to the 

 L'nicn de Fabricantes, "has thoroughly clari- 

 fied the currency question for the Republic 

 of Cuba.'" 



QUOTATIONS FOR CUBAN SECURITIES. 



Supplied bv L-WYREXCK TIRXIRE & CO., New York Citv. 



Bid. 



Republic of Cuba 5% Bonds 103 



Republic of Cuba 6% Bonds 98 



Republic of Cuba 5% Internal Bonds 84 



Havana City ist Mortgage 6% Bonds 104 



Havana City 2nd Mortgage 5% Bonds 103 



Cuba R. R. ist Mortgage 5% Bonds 88 



Cuba R. R. Preferred Stock 37 



Cuba Company 6'7c Debentures 60 



Havana Electric Consolidated Mortgage 5% Bonds 84 



Havana Electric Preferred Stock 73 



Havana Electric Common Stock 25 



Asked. 

 103^ 

 102 



89 

 107 

 107 



93 



45 



70 



87 



75 



27 



