THE CUBA REV IE TV 



MoxTHi.Y Income Statement for Month of December, 1921 



1921 22 1920-21 



Gross earnings S167,661.35 S117.898.78 



Operating expense? 77,375.93 161,053.08 



Net earnings 90.285.42 Def. 43.154.30 



Non-operating income 38.33 38.33 



Net income 90.323.75 Def. 43,115.97 



Surplus for month 890,323.75 Def. Si3,115.97 



Gross earnings from Julv 1st S676.396.78 8811,094.75 



Net earnings from July 1st 282,974..32 Def. 84,185.12 



Xon-operating income from July 1st 1,383.55 2,432.93 



Surplus from July 1st 8284.357.87 Def. S81.752.19 



Earnings of the Havana Electric Railway, Light & Power Company 



Month of Janc^rv INIonth of December 



1922 1921 1921 1920 



Gross earninvis SI. 140,049 Sl.089,076 SI. 147.726 81,111.229 



Operating expenses 546.611 638,180 530.642 652,981 



Net earnings 593.438 450.896 617.084 458.248 



Miscellaneous income 8.831 6,265 17.141 8.499 



Total net income 602,269 457,161 634.225 466,747 



Surplus after deducting fixed charges. .. . 280,483 147,423 287,551 261,875 



12 ^loNTHS TO December 31 



1921 1920 



Gross earnings S12.882.654 Sll.477,938 



Operating expenses 6.823,859 6,079,134 



Net earnings 6,058,795 5,398,804 



Miscellaneous income 122,663 95,485 



Total net income 6.181,458 5.494,289 



Surplus after deducting ILxed charges 2,606,615 2.627,006 



The Prevailing Prices tor Cuban Securities 



As quoted by Lawrence Turnure <& Co., Xew York 



Bid Asked 



Republic of Cuba Interior Loan 5*^^ Bonds 64J^ 65 V2 



Republic of Cuba Exterior Loan 5% Bonds of 1944 89 J^ 90J-i 



Republic of Cuba Exterior Loan 5% Bonds of 1949 86J^ Xone offered 



Republic of Cuba Exterior Loan 43^rc Bonds of 1949 78 79^ 



Havana City 1st :Mtge. 6^c Bonds 90 95 



Havana City 2d Mtge. 6'~c Bonds 90 95 



Cuba Railroad Preferred Stock 33 38 



Cuba Railroad 1st Mtge. 5^c Bonds of 1952 80^ 81 



Cuba Company 6*^ Debenture Bonds 63 70 



Cuba Company 7*^^ Cumulative Preferred Stock .... 



Havana Electric Ry. Co. Cons. Mtge. 5*^ Bonds 86 863^ 



Havana Electric Ry. Light & Power Co. Pfd. Stock 70 85 



Havana Electric Ry. Light & Power Co. Com. Stock 80 95 



Cuban American Sugar Co. Preferred Stock 88 90 



Cuban .\merican Sugar Co. Common Stock 203^ 20^4 



Guantanamo Sugar Co. Stock 11 IIH 



Xew Xiquero Sugar Co. 1st Mtge. 79c Bonds 93J4 973^^ 



