16 THECUB A REVIEW 



TRAFFIC RECEIPTS OF CUBAN RAILROADS 



EARNINGS OF THE CUBA RAILROAD, THE HAVANA ELECTRIC, ETC. 



The report of the Cuba Railroad Company for the month of January and seven months 

 ended January 31st, compares as follows : 



1911 1910 1909 1908 



January gross $315,784 $256,793 $218,258 $183,793 



January net 148,893 127,186 103,373 67,036 



January surplus 89,268 90,519 70,287 35,082 



Seven months gross 1,577,719 1,276,059 1,065,868 1,053,125 



Seven months net 669,096 474,290 426,007 313,052 



Seven months surplus 389,471 222,413 198,648 107,126 



Havana Electric Railway Company 



Weeklv Receipts : 



1908 



February 13th $39,132 



February 20th 38,984 



Februarv 27th 39,084 



March 6th 42,893 



From January 1st $352,699 



The Havana Electric Railway Company reports for the year ended December 31, 1910, 

 compare as follows : 



1910 1909 1908 1907 



Gross $2,656,980 $2,488,617 $2,276,807 $2,143,122 



Expenses 1,365,641 1,215,049 1,246,424 1,232,735 



Net 1,291,339 1,237,598 1,030,383 910,387 



Charges and taxes 448,129 443,984 454,781 545,087 



Surplus *843,210 793,614 575,602 365,300 



* A-fter allowing for 6 per cent on $5,000,000 preferred stock, the balance, $543,210, is equal to 7.3 per 

 cent on $7,463,703 common stock. 



The Havana Electric Railway Company has sold to Speyer & Co. $1,846,000 consoli- 

 dated mortgage 5 per cent gold bonds due February 1, 1952. The company will pay off 

 at 110 and accrued interest on January 1, 1912, or earlier at the option of the holder, 

 its outstanding first mortgage 5 per cent gold bonds. Of the consolidated mortgage 

 5s just sold $1,146,000 are to retire the fir t mortgage bonds and $700,000 for improve- 

 ments, etc. On January 1, 1912, the con olidated mortgage bonds become a first and 

 only lien on the entire property. Speyer & Co. will place the bonds abroad. — Wall 

 Street Journal. 



Prevailing Prices for Cuban Securities 



Quoted by Lawrence Turnure & Co., New York 



Bid Asked 



Repubhc of Cuba 5 per cent Bonds (Interior) ; 98% 99% 



RepubHc of Cuba 6 per cent Bonds 100 100% 



Republic of Cuba 5 per cent Bonds (Exterior) 103 104 



Havana City First Mortgage 6 per cent Bonds 106 108 



Havana City Second Mortgage 6 per cent Bonds 102 105 



Cuba Railroad First Mortgage 5 per cent Bonds 101 102% 



Cuba Railroad Preferred Stock 88 95 



Cuba Company 6 per cent Debentures 96 100 



Havana Electric Railway Cons. Mortgage 5 per cent Bonds 95% 96% 



Havana Electric Railway Preferred Stock 94 97 



Havana Electric Railway Common Stock 96 



Matanzas City Market Place 8 per cent Bonds-Certificates 104 106 



Cuban- American Sugar Co. Coll. Trust 6 per cent Gold Bonds of 1918 96 97 



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



