Citation
Government railway and industrial securities of Cuba

Material Information

Title:
Government railway and industrial securities of Cuba
Place of Publication:
New York
Publisher:
L. Turnure
Copyright Date:
1907
Language:
English
Physical Description:
1 online resource (47 pages) : ;

Subjects

Subjects / Keywords:
Securities -- Cuba ( lcsh )
Government securities -- Cuba ( lcsh )
Railroads -- Cuba ( lcsh )
Government securities ( fast )
Railroads ( fast )
Securities ( fast )
Títulos de deuda pública ( abne )
Ferrocarriles ( qlsp )
Valores ( qlsp )
Cuba ( fast )
Genre:
non-fiction ( marcgt )

Record Information

Source Institution:
University of Florida
Holding Location:
UF Latin American Collections
Rights Management:
This item is presumed to be in the public domain. The University of Florida George A. Smathers Libraries respect the intellectual property rights of others and do not claim any copyright interest in this item. Users of this work have responsibility for determining copyright status prior to reusing, publishing or reproducing this item for purposes other than what is allowed by fair use or other copyright exemptions. Any reuse of this item in excess of fair use or other copyright exemptions may require permission of the copyright holder. The Smathers Libraries would like to learn more about this item and invite individuals or organizations to contact Digital Services (UFDC@uflib.ufl.edu) with any additional information they can provide.
Resource Identifier:
036230364 ( ALEPH )
1040266482 ( OCLC )
Classification:
HG5255 .G691 1907 ( lcc )

Full Text
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Government Railway and Industrial
Securities
of Cu ba




Copyrighted, 1907
By LAWRENCE TURNURE CO.




INTRODUCTION N
ONSIDERABLE changes having taken place in the Railways and Industrial Companies of the Island of Cuba, we have thought it to be in the interest of our clients and friends to revise our pamphlet describing its principal securities.
During the occupation by the United States after the Spanish War a large amount of American, English, and German capital was invested in the Island, and on the establishment of the Cuban Republic in 1902 further investments were made as a direct result of the guarantee of security afforded by certain provisions of a Resolution agreed upon between the U. S. and Cuba, which became a permanent Treaty, and was afterwards embodied in the Cuban Constitution. This Treaty or Resolution is generally known under the name of the Platt Amendment and defines the relationship of the United States with Cuba. The following is a transcript of Articles 2 and 3.
(2) Said
[3]




Secur it ies of Cuba
(2) "Said Government (Cuba) shall not assume or contract any public Debt, to pay the interest upon which and to make reasonable sinking-fund provision for the ultimate discharge of which, the ordinary revenues Of the Island, after defraying the current expenses of government, shall be inadequate.
(3) The Government of Cuba consents that the United States may exercise the right to intervene for the preservation of 'Cuban independence, the maintenance of a government adequate for the protection of life, property and individual liberty, etc."
The recent political troubles and the intervention of the United States have shown the wisdom of the insertion of the above provisions and make it clear that the United States does consider herself responsible for the public peace and security of the Island.
During the four years of government by the Cubans themselves, the treasury accumulated a considerable surplus, which enabled the government to pay 50% of the outstanding Soldiers' Service Claims in cash, amounting to over $10,000,000, and to provide for other extraordinary expenditures.
The Gross Revenues of Cuba for the year 1906 are estimated to be about $27,800,000 U. S. Currency. The interest on the total debt amounts to less than one-tenth. of this sum and should therefore be easily provided. An effectual safeguard against an over-issue of indebtedness is provided in Article 2 of the Platt Amendment, already mentioned.
Endowed
[4]




S e curi*tie s o f C u-ba
Endowed with the natural advantages of a wonderfully fertile soil and a splendid climate, the Island cannot fail to develop continuously its wonderful resources, which, so far, have hardly been appreciated by the world.
[1







Securities of Cuba
REPUBLIC OF CUBA 5" GOLD LOAN OF 1904
Due March 1, 1944. Interest March 1st and September Ist in
United States Gold at the office of Messrs.
Speyer & Co., New York.
Issued $35,000,000
B ONDS are in denomination of $1,000 and $500 U. S. Gold.
Coupon and registered bonds are interchangeable.
The bonds are secured by a special tax imposed on the internal commerce of the Island, which is to remain in force during the life of the Loan. It is further stipulated that 151%' of the Customs Receipts shall be hypothecated for the service of the Loan, which amount is to be paid monthly to Messrs. Speyer & Co. or their Havana representative.
Beginning March 1, 1910, a Sinking Fund becomes operative by which $1,020,000 par value of the Bonds are retired annually at par and interest.
The treaty between the United States and Cuba, commonly known as the Platt Amendment," provides that the Cuban Government shall not assume or contract any public debt to pay the interest upon which and to make reasonable Sinking Fund provision for the ultimate discharge of which, the ordinary revenues of the Island of Cuba, after' defraying the current expenses of the Government, shall be inadequate."
The revenues of Cuba should always be considerably more than sufficient to provide for the interest on and retirement of its Debt.
Listed on the New York, London, Amsterdam, Frankfort, and Berlin Stock Exchanges.
Range of price 102-105 and interest.







Secur it ies of Cuba
REPUBLIC OF CUBA 6% BONDS OF 1896
Interest, April and October, in U. S. Currency.
Outstanding $2,195,350, U. S. Currency.
ISSUED during the Cuban war with Spain -and have been made payable April 1, 1909. The Government has the privilege to
retire tbe bonds on any interest date at par.
The Bonds have been duly authenticated by the Republic of Cuba.
They may be fairly considered a prior charge to the other Cuban Loans.
Range of price, 100 to 105 and interest.
[9]







Secur-ities olf Cuba
REPUBLIC OF CUBA INTERNAL LOAN 5%0 BONDS
Interest May 28th and November 28th in U. S. Currency.
Denomination,..........$100
Authorized,..................$14,000,000
Issued to date about.............$12,000,000
T HE bonds were authorized under a Law passed by the Cuban
Congress in the autumn of 1905 for the purpose of completing payment, with about an equal proportion of cash, of the soldiers' service claims.
While no definite maturity date has yet been determined the attached coupons extend to the year 1913 and the Law provides that in each annual budget a substantial amount shall be allowed as a Sinking Fund for this issue.
The Platt Amendment" (mentioned on page 7) is a safeguard against the creation of improper Debts by the Cuban Government.
All or part of the Internal Loan may be retired at any time at par.
For the year 1906 the Gross Revenues of Cuba amounted to approximately $27,600,000, U. S. currency, against which the interest on the total Debt of the Island was about $2,700,000.
The Revenue should always be ample to provide for interest and Sinking Fund requirements on the total Debt.
Range of price 92-97y'z and interest.







Securities of Cuba
HAVANA CITY FIRST MORTAGE
6% GOLD BONDS
Due August 31, 1939.
Bonds in denomination of $100, with coupons payable January, April, July, and October,
at the office of Lawrence Turnure & Co., New York.
B ONDS are domiciled in New York, Havana, London, Paris,
and Madrid, and payable in the currency of the respective
countries.
Authorized issue,..............$ 7,000,000
Redeemed by Sinking Fund to date, 6700000
Outstanding,...........$ 6,330,000
A sufficient amount is drawn for redemption at par and interest on each interest date to cancel the mortgage at maturity.
The bonds are secured by a first lien upon the Vento Water Works, and also the Public Markets of Havana, owned by the city, and which are transferred under the terms of the Loan to the "Spanish Bank of the Island of Cuba" for possession and management as Trustees. The bank attends to the collection of water rates and the lease, of market stalls, etc.
The amount received from these properties is largely in excess of the requirements, and in the event of a -deficiency the city is responsible. Interest was paid regularly during the Cuban Revolutionary war and there has never been a default.
The population of Havana has increased 50% since the bonds were issued, and as they are gradually retired the security of those outstanding naturally increases.
Range of price 104 to 109, U. S. currency.
[13]







S e c u r t e s o f C u b a
HAVANA CITY SECOND MORTGAGE 6% BONDS
Due 1939. Bonds in denomination of $100, with coupons payable
January, April, July, and October.
Bonds are domiciled in New York, Havana, London, Paris, and
Madrid, and are payable in the currency of the respective countries.
Authorized issue, . . . . $3)000)000 Redeemed by Sinking Fund to date, . 285)000
Outstanding . . . $2,71S,000
A SUFFICIENT percentage is drawn for redemption at par
and interest on each interest date to retire the entire issue at
the maturity of the mortgage in 1939.
The Municipality, it is conceded, has the right at any time to retire the entire issue at par and interest.
The Bank of Commerce (since absorbed by the Royal Bank of Canada) was made Trustee of the Mortgage.
4z::7 4__.7
The lien is upon the same property as is covered by the Havana City First Mortgage Bonds (described on the preceding page), and in addition a certain City Real Estate Tax is chargeable at any time for -the service of the loan.
This tax, however, has never been levied, as the revenue from the mortgaged property has always been more than ample to cover interest and sinking fund charges on both loans.
Range of price 103 to 107, U. S. currency.
[151







Se cu rities of Cuba
THE CUBA RAILROAD COMPANY
INCORPORATED IN MAY, 1902.
$10,000,000 Preferred Stock.
$10,000,000 Common Stock.
$ 6,299,000 1st Mortgage 5% Gold Bonds, due 1952.
Interest January 1 and July 1.
BY ownership of its entire Common Stock and a small amount Bof its Preferred Stock the Cuba Railroad Co. is controlled by
the Cuba Company. (See page 33.)
The Railroad Company owns and operates a Standard gauge road extending from Santa Clara to Santiago, a distance of 356 miles, together with a branch line of 31 miles to Antilla on the Bay of Nipe, another branch line of 8 miles to the city of SanctiSpiritus, one of 11 miles to La Maya, the Ponupo Manganese mines.
A branch of 12 miles to Holguin has been constructed and will be shortly open for traffic.
The main line forms by its connection with the United Railways of Havana the trunk line from Havana to Santiago.
There is no floating indebtedness aside from current accounts, and aside from an obligation to the Cuban Government in respect to an advance of $798,450, which is secured by amounts accruing to the Company for the transportation of mails and other Government transportation, and runs until December, 1917, without interest.
For the year ended June 30, 1906, the Company reported in U. S. currency:
Gross Earnings. ..........$1,619,081.75
Operating Expenses,.......1,056,555.91 Net Earnings ..............$ 562,525.84
Interest on Funded Debt, . 274,665.28
Surplus,,.........$ 287,860.56
For the current year it is understood that receipts are from 35 % to 50% greater than last year. No serious damage was done to (CONTINUED)
[17]




DIP .... .. .. .. .... .. .. .. .




Securities of .Cuba
THE CUBA RAILROAD COMPANY
(CONTINUED)
any of the Company's property during the recent political disturbances in Cuba.
During 1906 the Bonds have sold between 90 and 96, while the Preferred Stock has fluctuated between 50 and 60.
MANAGEMENT
Sir William C. Van Horne, President.
Franklin B. Lord, Vice-President.
J. J. Burke, Treasurer.
Charles J. Fay, Secretary.
DIRECTORS
Franklin B. Lord, George Crocker,
Charles T. Barney, Herman Michaelson,
Wm'. Lanman Bull, Sir William C. Van Horne.
[191




14 p




Securities of Cuba
UNITED RAILWAYS OF THE HAVANA AND
REGLA WAREHOUSES, LIMITED
T HIS is a British corporation operating between 650 and 700
miles of railway running east from Havana. It also owns Dock Warehouses at the Regla Terminus in the Harbor of Havana, as well as lands adjoining the main Havana station in the center of the city and elsewhere.
Having acquired within the past eighteen months the Cairdenas & Jucaro Railroad and the Matanzas Railway, the United Railways is now the most important system, and, extending to Santa Clara, forms with the Cuba Railroad the Trunk line of the Island. By the purchase of a controlling interest in the latter, of which there is always a possibility, it will be able to operate a through line to Santiago de Cuba.
The increasing traffic of the Company made it imperative to provide greater terminal and other accommodation in Havana. It is believed that this has been accomplished by the recent acquisition of a majority interest in the stock of the Havand Central Railroad Co., which Company had previously obtained for its own purposes a very valuable tract of land in the heart of Havana, with considerable water frontage, entirely suitable for terminal purposes. A description of the Havana Central Railroad Co. is given on another page.
There was no lien on the property of either the* Cfardenas & Jucaro Railroad Co. or the Matanzas Railway Co. Both companies were paying dividends of seven per cent.
Capital as of June 30, 1906:
Authorized Issued
Ordinary Stock ........ ../2,539,970 -2,479,970
5 % Cumulative Preference
Stock, . .....770,000 700,000
5% "A Irredeemable Debenture Stock, .... 380,000 380,000
5% Consolidated Irredeemable
Debenture Stock, . . 1,425,900 1,425,900
5 % Irredeemable Debenture
Stock (1906) . .... 1,374,100 1,203,700 (CONTINUED)
[21]







Securities of Cuba
UNITED RAILWAYS OF THE HAVANA AND
REGLA WAREHOUSES, LIMITED
(CONTINUED)
,170,400 of Debenture Stock (1906) is available for
the redemption of an equal amount of the Bonds of the
old Company not yet converted.
Since June 30th the Company has paid for the Matanzas Railway property by a further issue of Debenture and Ordinary Shares, and has authorized an additional -730,000 of Preference Stock for corporate purposes.
On November 1st, Ordinary Shareholders received additional stock, fully paid, to the extent of 50% of their holdings.
The Debenture Stocks are all secured by deed of trust covering various parts of the property, and with both issues of stock are traded in on the London Stock Exchange, all commanding a premium.
MANAGEMENT LONDON BOARD
E. M. Underdown, K. C., Chairman;
Juan F. Argielles, Marques del Solar,
Sir Henry Mather Jackson, Bart.,
C. J. Cater-Scott, Harrison Hodgson,
Hon. Arthur 0. Crichton,
Tirso Mesa.
H'AVANA BOARD Luciano Ruiz, President;
Arturo Amblard,
Jose Maria de Montalvan,
Robert M. Orr.
[231




ri




Securities of Cuba
HAVANA CENTRAL RAILROAD COMPANY
NCORPORATED March 3, 1905, under the laws of New
Jersey by interests affiliated with the Havana Electric Railway Co. from which this Company acquired the rights of the Insular Railway Co. to construct 120 miles of standard gauge general service lines radiating from the city of Havana.
The most important points to be reached will be Guines to the east and Guanajay and Mariel to the west, with branches to Santiago de las Vegas and San Antonio de los Bafios to the south.
The greater part of the construction work has already been completed and some portion of the lines are already in operation.
Property adjacent to the Harbor has been acquired in the city of Havana which should prove of immense value for terminal purposes. The Company early constructed a wharf, which it reaches over the line of the Havana Electric Railway Co., and on which it handles inward and outward going ocean freight.
The Company uses electric locomotives and is supplied with the most modern equipment for furnishing an efficient freight and passenger service, it being also its intention to dispose of electricity for lighting and power purposes in towns through which it passes.
CAPITAL
Outstanding Authorized
First Mortgage 5% Gold Bonds due 1955, $8,500,000 $10,000,000
Coupon May and November,
Stock ($100 par), $8,162,500 $10,000,000
A majority of the capital stock has recently been acquired by the United Railways of Havana, and the posts of Directors and Officers have temporarily been filled, as follows, viz OFFICERS
W. E. Ogilvie, President.
Adolph Pavenstedt, 1st Vice-President.
Manuel L. Diaz, 2d "
H. L. Ashley, Secretary and Treas'r.
(CONTINUED)
[ 25 1







Securities of Cuba
HAVANA CENTRAL RAILROAD COMPANY
(CONTINUED) DIRECTORS
Edwin Hanson, Alex Von Goepen,
Alfred Broedermann, Fredrick Koch,
Fredrick W. Baumann, W. E. Ogilvie,
Charles E. Westervelt, Adolph Pavenstedt,
Manuel L. Diaz.
(See United Railways.)
[271




I Ku




Securities of Cuba
THE WESTERN RAILWAY OF HAVANA LIMITED
Purchased in 1892 by English Capitalists, who manage the Property.
T HE Company operates 150 miles of single track, standard
gauge railway, from Havana in a general southwesterly direction through the Provinces of Havana and Pinar del Rio.
The country traversed is rich in sugar and tobacco plantations and grazing lands. Large quantities of fruit are also grown.
CAPITAL
,Authorized Issued 4' 2% Debenture Stock, 600,000 /-460,000 Shares, ..... 900,000 900,000
The Company has no mortgage debt.
For the year ended June 30, 1906, the Company reported:
I INCOME ACCOUNT
Total Net Receipts, ...... '109,962
Less:
Taxes, Renewals, Interest on Debenture Stock, etc., .... 37,429
6 72,533
7% Dividend on Shares, .... 55,100
Balance, ....... 17,433
DIRECTORS
J. White Todd, Chairman, London.
Edmund C. Morgan, London.
Tiburcio Castafieda, Madrid.
Sir W. Lawrence Young, London.
[291







Securities of Cuba
THE CUBAN CENTRAL RAILWAYS, LIMITED
Incorporated in 1899 under the laws of Great Britain, where most of the securities are held.
T HE property is a combination of several old railways, to
which additions and extensions have been built and improvements made.
There are about 241 miles in operation, the main line extending directly across the Island from Sagua, an important port on the north shore, through Cruces, a railway center, to Cienfuegos, on the south coast, the second largest Cuban port.
Branches connect with Santa Clara, Placetas, and Caibarien, another north shore port. The road is largely standard gauge.
CAPITAL
Authorized Issued
4y2% Mtg. Debentures, /._1,000,000 /-800,000 6/% Second Debenture Stock, 200,000 100,000 52% Preference Shares, 1,100,000 1,100,000 Ordinary Shares, ..... 900,000 900,000
The Company has outstanding '166,819 mortgage bonds of the old companies, which are gradually being paid off.
For the year ending June 30, 1906, the net earnings showed an increase of 18.33% over the previous year.
Total net Receipts, /'187,791.
Charges, including rentals, taxes, and interest on Debentures and Debenture Stock, /92,726.
Surplus, /C95,065.
52 ,% Dividend on Preference Shares, /'60,500.
DIRECTORS
J. White Todd, Chin., London.
Sir W. Lawrence Young, Dep. Chm., London.
Tiburcio Castafieda, Madrid.
Ch. Woodbyne Parish, London.
Charles Gairdner, London.
[311




17




Securities of Cuba
HAVANA ELECTRIC RAILWAY COMPANY
INCORPORATED under the laws of New Jersey, January 6, 1899, the Company on February 1, 1901, began operation of a street railway in Havana, Cuba, the population of which is over 300,000.
The Company owns 53 miles of overhead trolley and elevated railway in the city, has virtually an exclusive monopoly of the street railway traffic, and is authorized to supply electricity for lighting, etc.
It is managed by Americans.
The road was constructed during the American military occupation of Cuba, under the supervision of an American engineer, G. F. Greenwood, who has since been its manager.
Extraordinary expenditure was incurred to meet the exacting views of Gen. Ludlow, U. S. A., and Col. Black, U. S. A., well-known engineer specialists.
The property of the Company, including the roadbed, terminals, power-house, and shops, is in good condition and compares favorably'with any other street railway in the Western Hemisphere.
The Company's, funded debt in the hands of the public consists of
$ 958,000. First Mortgage 5% Gold Bonds, due February 1, 1949; Interest, February and August.
$ 81,000. Second Mortgage 6% Gold Bonds, due October 1, 1910.
$7,272,000. Consolidated Mortgage 5101 Bonds, due February 1, 1952; Interest, February and August.
A sufficient amount of the last is reserved to retire the outstanding First and Second Mortgage Bonds.
Bonds are in $1,000 denomination and can be registered as to principal. Coupons are payable February 1st and August 1st, at the Company's New York office.
(CONTINUED)
[33 1







At a meeting of the stockholders of the Havana Electric Ry. Co., held March 6th 1907, the following were elected:OFFICERS
Warren Bicknell, President
David T. Davis, Vice. Pres.
H. L. Ashley, Sec. & Treas.
DIRECTORS
Robert Mather, Carlos de Zaldo
James Rattray, Frank Steinhardt,
Walter G. Oakman, Henry Runken, Warren Bicknell, Samuel San Miguel,
David T. Davis







Secure ties of Cuba
HAVANA ELECTRIC RAILWAY COMPANY
(CONTINUED)
CAPITAL
AUTHORIZED AND OUTSTANDING
$5,000,000- non-cumulative 6% Preferred Stock.
$7,500,000 Common Stock.
Earnings for the calendar years 1905 and 1906 compared, the latter partially estimated: 1906 1905
Gross .. .... .. $1,662,000 $1,542,870
Expenses. .. .... *933,815 757,073
Net, .. ....... .$ 728,185 $ 785,797
Fixed Charges and Taxes, 419,000 414,876
Surplus ...... $ 309,185 $ 370,921
*The increase in cost of operation during 1906 was due to the cyclone of last fall, a strike of the Company's employes, and the increase in wages and cost of fuel.
Current earnings are published weekly in the "Financial Chronicle."
Quarterly dividends of 1% on the Preferred Stock were commenced in April, 1906.
The Consolidated Mortgage Bonds and the shares are listed on the New York, London, Montreal, and Havana Stock Exchanges.
MANAGEMENT
Edwin Hanson, President.
William L. Bull, Vice-Presidents.
Narciso Gelats,
H. L. Ashley, Secretary and Treasurer.
DIRECTORS
Edwin Hanson, E. P. Bryan,
W. L. Bull, George B. Hopkins,
Narciso Gelats, William Gray.
[351







Secur ities of Cuba
CUBA COMPANY
Incorporated under the laws of the State of
New Jersey, April 25, 1900.
Capital $8,000,000 in shares of $50,000 each fully paid.
THE Company has no floating debt, but has authorized an issue 19of $4,000,000 6% Debentures, of which $3,400,000 have
been sold.
The Debentures are due in 1955 and bear January 1st and July 1st coupons payable at the Morton Trust Company, New York.
With the proceeds of the Debentures a sugar plantation was established and a large modern mill erected at Jatibonico in time for the 1905-1906 crop. A second sugar estate has since been planted and it is intended to build a second mill during the coming year, so as to be ready to grind the 1907-8 crop.
The plantations and mills are located along the lines of the Cuba Railroad, which this Company controls.
The assets of- the Cuba Company consist of the entire $10,000,000 Common Stock of. the Cuba Railroad Company, the sugar plantations and mills above mentioned, large tracts of timber and agricultural lands in Cuba, and a large number of town sites along the Cuba -Railroad, together with some property of minor importance, including floating equipment, construction plant, etc.
MANAGEMENT
Sir William C. Van Homne, President.
Grenville M. Dodge, Vice-President.
James K. Corbie're, 2d Vice-President.
H. M. Francis, Treasurer.
Theodore C. Hall, Secretary.
DIRECTORS
Sir William C. Van Homne,
Edward J. Berwind, Thomas F. Ryan,
Win. Lanman Bull, H. L. Terry,
Grenville M. Dodge, Henry Walters,
Henry M. Flagler, FL. P. Whitney,
G. G. Haven, P. A. B. Widener.
[37 1







Securities of Cuba
THE GUANTANAMO SUGAR COMPANY
INCORPORATED IN NEW JERSEY, FEBRUARY, 1905 CAPITAL
Authorized Issued
Stock, . ......... $4,000,000 $3,450,000
Six per cent. Redeemable Debentures, due June 1, 1909; interest June and December,.. .. ........ 1,000,000 862,000
T HE Company owns about 55,000 acres of land, situated at Guanta'namo, comprising the Estates Soledad," "Isabel,"
"Los Caios," and San Carlos." The cleared Cane
Land Area consists of about 10,000 acres, of which 7,500 are under cultivation. 25,000 acres will be available for Cane, as required.
A variety of causes interfered with the grinding of the entire crop of Cane for 1905-6, and there remained standing in the fields about 100,000 tons (2,000 lbs. each).
The amount of sugar made in bags of about 325 pounds was 123,599.
The capacity of the factories with the cane available for cutting should enable them to produce on an average 70,000,000 pounds, or 31,500 long tons of sugar.
The Company owns two-thirds of the outstanding stock of the Guanta'namo Railroad Co. (total capital stock $1,000,000), which, either over its own lines or over some short connecting ones of the Sugar Company, reaches all the latter's Estates and Factories.
The Railroad earns over 5% on its Capital Stock.
MANAGEMENT
President, W. E. Glyn.
Vice-President, James H. Post.
Secretary and Treasurer, Fredk. H. Clark.
General Manager, Theodore Brooks.
(CONTINUED)
[39 J







Securities of Cuba
THE GUANTANAMO SUGAR COMPANY
(CONTINUED)
DIRECTORS
W. E. Glyn, James H. Post,
Victor Morawetz, Gerald L. Hoyt, Ernest A. Brooks,
Clarence Lewis, John R. Turner.
[41]







Securities of Cuba
THE CUBAN-AMERICAN SUGAR COMPANY
ORGANIZED SEPTEMBER 19, 1906, UNDER THE
LAWS OF THE STATE OF NEW JERSEY
(A Holding Company)
Issued.
Authorized Capital $6,000,000. Preferred (7% Cumulative and preferred as to Assets) ........ ..$5,570,000 Authorized Capital $6,000,000. Common, ..... 5,757,000
OWNS THE STOCK OF THE FOLLOWING COMPANIES:
Daily
Incor- Acres Capacity Estimated Production porated About Tons Cane 1906-07
" Chaparra 1899 200,000 4,500 60,000 tons sugar
" Tinguaro 1899 17,000 1,500 20,000
Cuban Sugar Ref.,)
Central Nueva Luisa 1901 8,000 1,500 18,000 Sugar Refinery at (Cardenas Refinery- refines about 65,000 bbls.
Cardenas ) sugar per year.)
"Unidad 1903 2,000 900 10,000
"Mercedita" 1899 4,500 700 7,000
231,500 9,100 115,000 tons sugar 1,000,000 Chaparra 6% Gold Bonds, due 1911. Interest, Jan. 1st
and July 1st.
500,000 Tinguaro 6% Gold Bonds, due 1910. Interest, April 1st and Oct. 1st.
750,000 C. S. R. Co. 6% Gold Bonds, due 1916. Interest, Jan.
1st and July 1st.
100,000 Unidad 6% Gold Bonds, due 1915. Interest, Jan. 1st and July 1st.
300,000 Mercedita 6% Gold Bonds, due 1915. Interest, April 1st and Oct. 1st.
All bonds in denomination of $1,000 U. S. Gold and in
Coupon and partially registered form.
(CONTINUED)
[431







Securities of Cuba
THE CUBAN-AMERICAN SUGAR COMPANY
(CONTINUED)
CENTRAL TRUST COMPANY OF NEW YORK,
TRUSTEE
Office in New York, No. 111 Wall Street
Registrar, National City Bank of New York
OFFICERS AND DIRECTORS
R. B. Hawley, President.
Nathaniel Tooker, 1st Vice-President.
Thomas A. Howell, 2d Vice-President.
Henry A. Clark, Secretary and Assistant Treasurer.
James H. Post, Treasurer.
George R. Bunker,
Frederick D. Mollenhauer,
Frederick H. Howell,
Mario G. Menocal,
F. D. Canfield,
E. A. Longa,
Hugh McCulloch,
John Farr,
Pearl Wight,
George C. Kobbe.
Bonds quoted at 95 to 98.
Stock quoted, Preferred 93 to 95.
Stock quoted, Common 50 to 55.
[451







S ec u rites )of' Cuba
We shall always be pleased to quote these or other securities and to give any additional information that we may possess.
We issue Travelers' Letters of Credit, available throughout the United States, Cuba, Puerto Rico, Mexico, Central and South America, London, Paris, and Spain.
Drafts and Cable Transfers on the above.
Securities bought and sold on commission.
Interest accounts opened subject to cheque.
LAWRENCE TURNURE & CO.
GEORGE E. TIJENURE W. E. GLYN
MARCH 1, 1907
[471




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