THE CUBA REVIEW 



.31 



The Prevailing Prices for Cuban Securities 



As quoted by Lawrence Turnure & Co., New York 



Bid Asked 



Republic of Cuba Interior Loan 5% Bonds 69 72 



Republic of Cuba Exterior Loan 5% Bonds of 1944 96 



Republic of Cuba Exterior Loan 5% Bonds of 1949 90 91 



Republic of Cuba Exterior Loan 4J^% Bonds of 1949 82 



Havana City First Mortgage 6% Bonds 95 105 



Havana City Second Mortgage 6% Bonds 95 105 



Cuba Railroad Co. Preferred Stock 50 60 



Cuba Railroad Co. First Mortgage 5% Bonds of 1952 87K 88 



Cuba Company 6% Debenture Bonds 87 90 



Cuba Company 7% Cumulative Preferred Stock 75 95 



Havana Electric Ry. Co. Consolidated Mortgage 5% Bonds 92 



Havana Electric Ry. Light & Power Co. Preferred Stock 98 99 



Havana Electric Ry. Light & Power Co. Common Stock 83 86 



Cuban American Sugar Co. Preferred Stock 98 99 



Cuban American Sugar Co. Common Stock 25% 26 



Guantanamo Sugar Co. Stock 113^ 12 



Punta Alegre Company. 



The fixed and working assets of the 

 Baragua Company, a Delaware corpora- 

 tion owning Central Baragua, in Cuba, 

 have passed into the hands of the Punta 

 Alegre Sugar Company, it has been an- 

 nounced at the offices of E. Atkins & 

 Company, the controlling interest in the 

 Punta Alegre concern. 



Actually the transaction is as follows: 

 The Punta Alegre company is paying to 

 the Delaware corporation $4,250,000 in 

 cash, and 85,250 common shares of Punta 

 Alegre stock for the Baragua property, 

 this being the number of shares that the 

 Baragua Company has outstanding. At 

 the same time a new Cuban corporation, to 

 be known as the Compania Azucarera Ba- 

 ragua, is being formed, all of the stock 

 of which is to be owned by the Punta 

 Alegre company. 



The arrangement has been approved by 

 the stockholders of the Baragua Company 

 and by the directors of the Punta Alegre 

 company. 



The Baragua Company, it is understood, 

 will now retire its preferred stock, callable 

 at 110, which is more than provided for in 

 the cash payment by Punta Alegre, and 

 will in all probability liquidate. 



Meanwhile all of the recently authorized 

 7 per cent debenture bond issue of $5,820,- 

 700 of the Punta Alegre Sugar Company 



has been taken up by the stockholders, so 

 that a public offering becomes unnecessary. 

 The funds derived from the issue were 

 applied to paying off the floating indebted- 

 ness, amounting to about $2,500,000, and 

 the balance is being used as working cap- 

 ital. 



"The condition of Punta Alegre is better 

 than it has ever been in the company's 

 history," said E. V. R. Thayer, who heads 

 the company's financial department, "and 

 the adverse situation of 1921 has been 

 completely overcome, so that the company 

 stands today without any but current obli- 

 gations. 



"With the sale of sugars in stock and 

 the money remaining from the sale of 

 the debentures the company has ample 

 working capital with which to operate all 

 its properties, including the newly acquired 

 Baragua mill." 



The acquisition of Central Baragua in- 

 creases the annual producing capacity of 

 the Punta Alegre Sugar Company by some- 

 thing over 400,000 bags of sugar annually. 

 Baragua's production in the crop now in 

 progress was 408,500 bags, while in 1020-21 

 it made 430,000 bags and in 1010-20, 

 412,000 bags. The mill is located not far 

 from the port of Jucaro in southwestern 

 Camaguey, the province in which all of 

 the Punta x-Megre company's centrals are 

 situated, with the exception of Trinidad. 



