davidaulloa/AmericanStories huggingface dataset:
Pueblo chieftain., 1921-05-07
FINANCIAL AND
MARKET news.
AND
MONEY MARKET

New York. May S.-The stock market
made further forward strides today
on volume and a variety Of opera
tions which approached the maximum
business of any session thus far this
year but reacted variably at the finish.
The days news WAS sufficiently con.
str1ictive to discourage resumption OF
short selling, whore 1t did not act
ually compel covering Of existing con
tracts
Passing of the quarterly dividend on
American Smelling common was al
most tho sole adverse development OF
the day. Because of recognized condi-
ton in the metal industry however.
the eject was not pronounced.
Further reduction of rediseount rates
by federal reserve banks and tho opin-
ion of Secretary Mellon that the coun-
try had passed tho stage OF liquiaition.
confirmed the more hopeful advices re-
ceivcd by lcadhg financial interests.
Tho strength and prominence of rails
which again led tho movement of ad-
vances of 1 to points constituted the
most reassuring feature of the trading
and probably presagcd the early ad-
justment of wages and freight rates.
Oils. especial tho Mexican division.
displayed consistent strength and some
shipping were benefited by the rise in
shadowcd all other spccialtics, but
realizing sales caused some readjust-
mont and confusion at the close.
Sales amounted to 1,l5o,coo shares.
Domestic money rates were un-
changed but foreign remittanccs were
active and especially the French and
Belgian rates, these rising to highest
quotations since the close Of the war
Tho British rate eased slightly but
Dutch and Italian bills were sustain
cd by demand for francs.
Speculative bonds OF the Haiiroad
division continued to keen pace with
the demand OF stocks of that class
Intcrna; ;ionai issues were mostly firm.
but the Liberty group shared only
slightly in the advance. Total sales.
par value. were 81. .576.O 900.
Pueblo chieftain., 1921-05-07
DUN's REPORT

New York, May s.-Dun's tomorrow
will say. A year has elapsed since the
economic rcadjustment began to gather
momentum and tho process is yet to be
completed. Forces of rehabilitation
are now operative, however and the
general outlook is better. Gains arc
not easily achieved and none at all ap-
pear in some quarters but the price and
wage rcvisions and the casing in
money arc factors making for further
improvement in conditions. The
strengthening Of sentiment upon which
business rccuperation so largely de-
ponds, has continued. and confidence
in a gradual revival of activities finds
moro frequent expression. Recovery
has come first in those trades and in
dustrics which were the first to react
from tho boom of the war years and
aftcrward. and in isolated instance
enough demand has developed to bring
"A rally in, prices. That such n phase
remains the exception is demonstrated
by the continued excess Of declines in
Wholesale quotations.
Weekly bank clearinss 3s,5si sA as4.
Pueblo chieftain., 1921-05-07
FINANCIAL QUOTATION.

Now York. May s.-Bar silver dornes-
,ic NC s'sc; foreign soNc; Mexican dollar,
change irregular sterling demand NJ
can.cs a''s.. France demand sec
caoics ssS; Belgian francs demand 80
canlcs S25: Euildcrs demand = ss
cabics S5.H. Lire demand sol: cable
~. Marks demand Isl. cable. 1.5e;
yreccc demand $50: Sweden demand
2S.sS; Norway demand 1h.zo. Aryen,irr
demand 2'.15; Brazilian demand is.fs.
montreal 10 per cont discount.
Imn loans steady; 50 days, 10 days
ana six months 81 per cent
oall money firm. high siz: low siL
rumhs ess' closing bid 6. offered at 81
Pueblo chieftain., 1921-05-07
NEW YORK COTTON EXCHANGE
KANSAS CITY LIVEsTOCK

Kansas city, Mo. May Seattle re-
ccipts l.5oo; beef steers and she stock
slow. weak TO 2sc lower: top steers
$50: best cows &6.e5; all other classes
generally steady. best voalers 1850;
practically no trade in stockcrs and
feeders.
Hogs $500; open 10T15 cents higher:
closing 15m25 cents higher: best $3.50
to 2.O5 pounds to packers $3.50: bulk Of
sales S7.s5ns.25. packing sows and pigs
steady: best stock pigs 3s.75.
Sheep $500. killing classes steady:
no choice lambs offered: best shorn
Texas wcthcr5 $3.50. Texas goats 1885
Tic5.
Pueblo chieftain., 1921-05-07
CUT THIS QUIT Is WORTH
MONEY

Cut out this slip. enclose with &c
and mail II TO Foley & Co. 1856 Shelf
field Ave. Chicago Ill, writing your
name ard address clearly. You will
receive in return n trial package con-
tanning f'oloy's Honey and Tar Com
pound for coughs. colds and Group.
Foley Kidney Pills for pains in sides
and back: rheumatism. backachc.
kidney and bladder ailments; and
Foley C1thartic. Tablets. a wholesome
and thoroughly cleansing cathartic
for constipation, billiousness. head
aches. and sluggish bowels. The
Horn Drug Co.-Adv.
Pueblo chieftain., 1921-05-07
INDIAN WONHN WINS SHIT

Tulsa. Okla, May s.-JudGc owen
Owen in district cour, here today ruled
in favor Of Mary Partridge. Tndian
woman. in her suit to recover Croshir
Hcigiss. one OF the most exclusive res.
idcntial sections OF this city. involving
about 81 100000 More than ono hun
drcd property owners arc defendants
in tho suit.
Pueblo chieftain., 1921-05-07
METALS

N.N York May s.-Copper quiet;
futures ishni7 Tin irrer,,,,r -,
ana nearby 31.5o1 "a Is. futures a
ron hominsllv unchanSed Lead
spot i''. Zinc quiet. East ~
nouis delivery spot t.aon5. 90; Anil
Pueblo chieftain., 1921-05-07
DENVER IIA.lcSracu

'rhNcr May s.-csttlc rccoipt, zoo.
M ,,arkct a SLOW. about steady. beef steer,
toWh ~; cows and hcifers s5.Oon7 80
.sINcs N"n li.0n: stockers and feeders
'e,oon'oo; bulls 'iJoas.s0.
a. receipts 200. market steady: ton
"no; bulk '7.25a5s5.. wy
sheep receipts 100: market 10 cont.
10 cents higher lambs sa.so7Io Is:
u~c' ,n ''''"~'sss' spring lambs soso4r
Pueblo chieftain., 1921-05-07
CHICAGO rorAroea

Chicago. May 6.-Potatocs receipts y
cars. old steady: northern white sacked
'0T soc cwt: bulk 1oTsoc cvt: now
weaker. Florida No. /. 900 barrel: No
.. 500 barrel. Texas Triumphs $50 cwt.
Pueblo chieftain., 1921-05-07
WOOL MARKET

Boston, Mass, May S.-Thc Com
mercial Bulletin tomorrow will say:
Tho demand for wool has improved
slightly this week and prices arc
generally firm. altho still moro or less
cratic. Interest in the now clip in the
west has increased. the Jericho pool of
Utah wools of fair, fine and fine
medium wools having been offered.
but withdrawn on a reported high bid
{ of 1870.
Compa rativcly little has vet been
sold in the west
Tho goods market is reported in a
healthy condition.
Secured Basis-Tcxas: fine 4,
months, 65TI5c: fine. S months, 5o6
55c
Territory-Finc staple choicc, s5Haoc:
half blood combinS, 70HT5c: three
eights blood combing. 5sd55c; one
quarter blood combins. iadtsc; fine
and fine medium clothing 631SSc.
Pulled-DeIainc. s5Teoc: IA 76efs5c;
\ supers. soT1oc.
Mohair-Bcst combinE. 27I3oc: best
carding. 22n25c.
HUSBAND AND WIFE BOTH SICK
Mr and Mrs. Andrew Conner.
Shenandoah. Va. were both i'll. He
writes: rheumatism and bladder
trouble was our trouble. NY wife
had rheumatism in her arms So she
could not use them. She has had no
trouble since taking Foley Kidney
Pills. ! don't have to get up al night
50 much since taking Foley Kidney
Pills. nor have / weak back"
Bsckachc. sore. swollen or stiff mus
clcs or joints. tried lansuid feeling
Yield quickly 10 Foley Kidney Pills
Tho Horn Drug Co.-Adv.
Pueblo chieftain., 1921-05-07
LIBt.UrY NOM ororAr1ox,

I'lbcrty aIss. NIo. tih. ist Il, s77n.
Lab. LIST ti.s, S5ss: Lib. ID as. sTst:
Lih. I'd ~. aoss. Lib ith as $50.
LIB. LIST ias. $500: Lib. 9Th is.s, aSos
Pueblo chieftain., 1921-05-07
CHICAGO pnonrrcp

'hicaEo. May s.-Rutter up.c++,,d.
,,oeceipts S.'1' tubs. creamery oxtrns
Sy S,e iIrsH 2'm:sc: seconds com2ic:
rsRs unchanged: receipts 1907 cases
ers 5jNs5c. '' ''o''-
KANSAS CITY PRODUCE
Kansas City Mo. Nav s-J.~r-
putur ana poultry UNCHANGED.
Pueblo chieftain., 1921-05-07
LOCAL OIL MARKETS

May s. iesi-F,irnished by Downs 4
company. brokers, lis W. Second St.
Pueblo. Colo.
Pueblo chieftain., 1921-05-07

CHICAGO GRAIN AND PROVISIONS
Furnished by n. $. wslpolc. Room $
32o-s2 Thatcher Bid. Pueblo.
Open. High. Low. Close.
Pueblo chieftain., 1921-05-07

minneapolis, MIMI. May Wv neat
producers. farm organizations. county
agents. University OF Minnesota au-
thoritics and business men thruout tho
northwest have been requested to give
consideration to proposal for the
milling OF Canadian wheat in bond by
United States mills by James Ford Rcll.
vice president OF a local flour milling
company.
Pueblo chieftain., 1921-05-07

Chicago. MAY s.-Thc rc-discount rate
on commercial paper was reduced from
per cont to si= per cent today by tho
Chicago federal reserve bank for the
sccvnth reserve district.
The rate on bankers acceptanccs
and on loans secured hy government
securities remains the same.
The New York herald., 1921-12-09
ELECTIONS AND MEETINGS.
THE SECOND NATIONAL BANK
OF THE CITY OF NEW YORK

NOTICE IS HEREBY GIVEN that q Spe-
c!al Meeting of the shareholders of The Sec
ond National Bank OF the City of New York
viii be held at the banking house of said
Association, No. $50 Fifth avenue, Borough
Of Manhattan. City of New York. on Thurs
day, December 20, 1921. at IL o'clock A. M
for the purpose of voting upon the PROPOSE
tion that said Association go into liquidation
Rnd be closed. and for the purpose OF ratify-
Ing, approving and confirming any action
looking to such liquidation and TO the sale OF
the property and assets OF said Association.
md the assumption of its liabilities and any
agreements relating TO such Liquidation. sale
or assumption, which the Board of Directors
may have taken or done, or which may have
been entered into. prior to, which may be
uubmtted for consideration at, said meeting.
or any adjournment thereof; and for the pur-
pose OF authorizing the Board of Directors
md officers Of said Association to do all
uuch further acts and things may be nec-
essaTy or expedient to carry out and CON-
plete the liquidation. closing and dissolution
OF said Association; and for the purpose OF
tiansacting such other and further business
rs may properly come before said meeting,
Or any adjournment thereof
Dated. New York, November 20. 1921.
By order of the Board OF Directors.
CHARLES w. CASE. Cashier.
The New York herald., 1921-12-09
MoNoN COAL COMPANY

Irst mortgage NtNklnE o7o c"s~
rhe undersigned. as Sinking Fund Irustee
under the First Mortgage of Monon Goa,
Company to Bankers Trust Company anu
Scott Brown, as Trustee, dated may 10,
1911 securing the above bonds. hereby gives
notice that 1t will purchase bonds OF the
above issue for the Sinking Fund to the ex-
tent of 5,2S7.9o being the amount OF casn
Sn IT'S hands for that purpose, at the lowest
price for which such bonds Clearing all un-
paid coupons) shall be offered to IT. and that
in respect thereof the undersigned viii re-
GIVE sealed proposals for the sale OF such
bonds at its Corporate Trust Department
NO 10 Wall Street. New York City, up to
The close of business December %, 1921. No
offer will be accepted at a price exceeding
ihe face value OF principal of the bonds Of
fered. In case bonds shall be offered by
two or more holders at the same price. to an
amount in the aggregate exceeding the cash
Sinking Fund applicable thereto. acceptance
OF such offers will be made IN the order of
the date of receipt thereof, and II such equal
offers OF two or more holders be received at
The same time, then each will be accepted TO
amount which shall bear to such offer
substantially the same proportion as such
cash sinking fund shall bear to the aggre-
gate OF such simultaneous equal offers.
BANKERS TRUST COMPANY,
Sinking Fund Trustee.
BY II. L. WILSON, Jr., Vice-Prcsident.
December 0, 1921.
The New York herald., 1921-12-09
U. X. Issues strong and Active.

The outstanding feature OF n rather
uninteresting bond market yesterday
was the continued strength and activity
in United Kingdom bonds as a result of
the favorable turn taken by politics in
the British Isles. Advances OF large
fractions were recorded in the British
bond list. The other foreign issues were
inclined to irregularity and some Of
them to heaviness. Weakness was fairly
general in the railroad list, with the
exception OF the st. Paul issues, which
regained part Of the losses suffered
earlier In the week. In the public utility
list Brooklyn Rapid Transit rs were
weak. sale of them being made for s
points less than their last previous
price. The Industrial list was spotty.
certain issues displaying strength. while
others lost ground. United States war
bonds continued to be heavily sold and
declines of few cents to a half point
were noted.
The New York herald., 1921-12-09
TO SELL BOND ISSUE
OF WARNER SUGAR
i>ew York Bankers Expect to
Close for Twenty Year
z Per Cents.

At the close of business last night ne
gotiations were near completion for the
sale to Blair & Co., Inc. and the Chase
Securities Corporation of new issue OF
$4,000 900 Warner Sugar Refining Com
panys twenty year per cent. first
mortgage bonds, due in December. 1941.
The bankers may be in a position to
offer the bonds to-day.
This is the first mortgage obligation
to be put out by the Warner company,
which, however. at the close of 1920
had notes payable of s5.6o3.947. The
now issue will be f1rst lien on the
company's refinery at Edgewater. N. j..
which has a daily capacity Of 10000
barrels. 1t will also be secured by stock
OF subsidiary companies, including the
New Hampshire Stave and Heading
Company. Earnings for the last five
years have been about s1,200,000 year
against an interest charge on this issue
of $4,000 a year.
The New York herald., 1921-12-09
CoPARTNERsHp NOTICES.

pE COPPEr & DOREMUs. Certificate of
continued use of partnership name under
the Partnership Laws Of the State of New
WHEREAS. the firm or partnership of
de COPPET g. DOREMUS" heretofore ex-
fsting has had business relations with foreign
countries and has transacted business In the
state of New York for more than three years.
WHEREAS, such firm has been Dissolved
By the death of Benjamin Ingram, one os the
members of such firm. but the business
dersigned surviving members Of such firm,
NOW. THEREFORE,, we. HENRY c.: s..
NOBLE. residing at % West s5th ST.. Bor-
DER w. Il. COLEMAN residing at Babylon.
suffolk county, n y; CHARLES LEE
county, n. y; E. VAIL sTEBBiNs, residing
at SO West 9th st., Borough of Manhattan.
New York Sec city; ANDRE DE CoPPET; re
tan. New York city; FLOYD c. NOBLE, re-
siding at New Canaan, Conn; ROWLAND
rssdng at l4S SE East yoT SSth c,y st.,
RICHARD H. GORDON, residing at North
Salem. Westchester county. n. Y. and Jo-
SEPlI ID. FITCH. residing at 457 i4th ST.,
Borough OF brooklyn, county OF Kings city
OF New York. DO HEREBY CERTIFY AND
DECLARE. pursuant to the statute IN such
acting n general stock brokerage business
ana dealing in stocks bonds and other Sc
curities and intend to transact such business
ard to deal under said name OF de COP
pet e. DOREMUS." and that the principal
place where such business IL being ana snail
be conducted is at 42 Broadway. In the Bor-
ough Of Manhattan, city county and State Of
IN WITNESS WHEREOF. we have here
unto set our hands and seals. this 18th day
OF November, 1921.
LEANDER w. T. COLEMAN o.: 81.
CHARLES LEE ANDREWS IL. 81.
T. VAIL. STEBBINS (b. 81.
ANDRE DE COPPET IL. 81.
FLOYD G. NOBLE IL. 50.
ROWLAND STEBBINS a.. 81.
RICHARD II. GORDON IL. So.
JOSEPH -. FITCH IL. 81.
STATE OF NEW YORK.
COUNTY or NEW YORK. S.:
on this 18th day OF November. 1921. before
ine personally appeared HENRY @: s.
NOBLE LEANDER w T. COLEMAN,
CHARLES LEE ANDREWS, II. VAIL STEB-
FINS. ANDRE DE COPPET, FLOYD q.
NOBLE, ROWLAND STEBBINS, RICHARD
H. GORDON and JOSEPH ID. FITCH, 10 me
known and known TO the to be the individuals
described In and who executed the foregoing
instrument. and they severally duly acknowl-
edged to mo that they executed the same.
CHARLES CAIRNS,
Notary Public westchester coun-
". Certificate filed In New York
(ccal) county, No. 1872 New York reg
lister No. 2173. Kings county, No.
100. Kings register No. 209f.
My commission expires March 30.
1922
The New York herald., 1921-12-09
Detroits All Sold.

The recent offering Of s11.20o,ooo OF
the city of Detroit'o bonds has been en-
tirely cleared up and the syndicate
headed by Kuhn. Loeb & Co. closed.
More than $3,000,0c0 Of the city Of
Rochester's bonds were sold yesterday
and the recent offering of State OF Penn
sylvania's bonds has been nearly dis
tributed. In the near future the State
of Ohio will request sealed bids for o
new issue of about $25. 100000 of SOL
diers' bonds, the bids to be opened
around the goth. California, it is re-
ported. has asked for bids on new
$7.000,00 issue to be opened about the
18th, the day that bids are opened for
the s55. 900 OF long term city OF New
Yorks and about s7,000,0o0 of the city
of Buffalos.
The New York herald., 1921-12-09
I.EGAL NOTICES.

STATE or NEW YORK.
TRANSIT COMMISSION.
In the Matter OF the Application OF the
Lshth Avenue Railroad Company, for au-
trorization 10 issue bonds secured by mort
cages on two parcels OF Its real property
10 the amount of St,2O0,oo0. Case No. 2025.
Published Notice OF hearing.
NOTICE Is hereby given that tile applica-
tion of the Eighth Avenue Railroad Com
pany, for an order authorizing the issue
of 81 200. 900 bonds TO be secured by mort
gage on two parcels Of real estate, viii be
heard by the Commission at It's hearing
room. No. 80 Lafayette Street Borough OF
Manhattan, City. County and State of New
York. on the 10Th day OF December. 1921
at 2.a0 o'clock In the afternoon.
EIGHTH AVENUE RAILROAD COMPANY,
BY j. GELSTON AF'FLECK.
Secretary.
The New York herald., 1921-12-09
BOND NEWS AND NOTES.
Oregon short Line AIIotments.

The larger subscriptions to the $16,-
100000 odd OF Oregon Short Line bonds
were cut down in allotment to per
cent. and the allotments. as actually
figured out, ranged up to s per cent.
with very few at 10 per cent. OF sub
scription. The average allotment was
Just under per cent, indicating a total
subscription of about $275.000,000.
The New York herald., 1921-12-09
What Are Dollar Boudsr

The term dollar bond is used in con
nection with bonds of foreign govern
ments issued in the United States and
payable In American money. It is also
used abroad TO designate bonds OF
American corporations payable in dol
lars The term. as used in this country.
refers to bonds of external loans floated
mere by foreign governments. Such
bonds are considered to have n superior
moral claim to bonds sold within the
country of issue. The term dollar bond
Is used to distinguish such bonds from
bonds OF internal loans issued in the
currency of the issuing country.
The New York herald., 1921-12-09
Philippine Issue offered.

Eastman. Dillon & Co. are offering a
block of 100000 of the Philippine Gov
ernment's public improvement 5h per-
cent. gold bonds. dated August 1. 1921.
and due on August l. 194l. They are
exempt from personal and income taxa
ton In all States of the United States
and from Federal income taxes. The
bonds are being offered at 105 and in
terest to yield more than 8 per cent
The New York herald., 1921-12-09
Oner Palm Beach Issue.

William r. Compton Company and
the Mercantile Trust Company of st.
Louis are offering an issue of $3.50, 200
of the Palm Beach County. Florida
Lake Worth Drainage Districts per
cent. bonds, due serially on December
l. 1926, to December l. 1917. inclusive. at
prices to yield $50 per cent. They are
obligations of the district and are Sc
cured by a tax lien on about 900
acres of land averaging in value 1T least
$50 an acre, with an aggregate valuation
estimated as In excess of sc. GOO. 900.
The New York herald., 1921-12-09
OFFER CENTRAL CAR TRUSTS.

Dominick & Dominick are offering an
issue of the New York Central Railroad
Company's equipment trust per cent.
notes. the maturities OF which run from
1928 to 1881, inclusive. on a $50 per
cent. basis. The notes are secured by
standard equipments. consisting Of $500
steel freight cars and 12S locomotives,
and represent equipment on which 25
per cent. has been paid and on January
IS SO per cent. of their cost will have
been paid in cash.
The New York herald., 1921-12-09
Traction Issue Quickly SOLD.

The new issue of $4,000, 900 OF the Pub
lie Service Corporation of New Jer-
sey's twenty year secured per cent.
gold bonds have been sold and the
books closed. according to an announce
ment by the underwriting syndicate
composed of Drexel G. Co.. Bonbright &
Co., Inc, and Clark, Dodge e. Co.
The New York herald., 1921-12-09
Stanley County, N. c., Offering.

c. w. McNear & Co. are offering
100000 of Stanley county IN. CO. 6
per cent road bonds. due serially jan
uary 1. 1881, TO January ]. 1860. inclu-
sive. at prices to yield $40 to $50 per
cent. These are direct obligations of
the county. Their principal and interest
is payable at the Hanover National
Bank.
The New York herald., 1921-12-09

Years Day has been circulated among
It's members. A similar petition is ex-
pected 20 be circulated on the New York
stock Exchange. The New York Cotton
Exchange will not be open on hoss
days.
The New York herald., 1921-12-09
COFFEE MEN Ask HOLIDAYS.

A petition 70 ask the governors OF the
New York Coffee and Sugar Exchange
not TO have that exchange opened on the
Saturdays before Christmas ana New
The New York herald., 1921-12-09
CUSTOM HOUSE RECEIPTS.

Receipts for duties at the Custom
House yesterday were ss95.se227, OF
which s234,ess.A was for merchandise
withdrawp from bonded warehouses aud
ti6o,srs.ss FOR recent importations.
The New York herald., 1921-12-09
THE ROSARY FLOWER COMPANY.
Office Of the Secretary,

~ WaTI Street,
New York, November 20, 1921.
The Annual Meeting of the Stockholders
Of The Rosary Flower Company will be
held at the office of the Secretary. Room
llOl, No. 40 Wall Street, Borough OF Man
haitian. New York City. on Tuesday, De-
rember 10, 1921, at two o'clock in the
afternoon. for the election of Directors
and for the transaction of such other bust
hess as may properly come before said
meeting
HENRY c. GRAY. Secretarv.
The New York herald., 1921-12-09

The Cuba Railroad Company, incorporated in
New Jersey in 1902 owns 663 miles of standard
gauge railroad, the main line of which forms the
eastern portion of the through route between
Havana and Santiago de Cuba. The country
traversed is rich and populous and capable
of much additional development
The First Lien and Refundng Mortgage Bonds
will be secured by the pledge of S4o0oooo Centre
present issue) Camaguey & Nuevitas Railway
First Mortgage Bonds, and, in the opinion of
counsel, by direct mortgage, subject to prior
liens upon all the property of The Cuba Railroad
Company. They will also be secured by the
pledge with the Trustee of $3,e56,oo Cuba Rail
road Company Improvement and Equipment
Mortgage so Bonds.
The New York herald., 1921-12-09
THE
The GUARDIAN LIFE INSURANCE.
COMPANY OF AMERICA

The annual election of Directors of this
Company will be held at Its principal office,
No. 80 Union Square. In the City of New
York, on Wednesday. the 14th day OF Decem.
ber. 1921, from II A. NJ. to =. NJ.
T.. A. GOECKE. Secretary.
The New York herald., 1921-12-09

PARIS, Pec. 8.-Prlces OF securities
traded in In the Bourse to-day improved.
Quotations at the close OF trading were
as follows:
The New York herald., 1921-12-09

The Camaguey Nuevitas Railway is in effect
terminal railroad and is absolutely indispensable
to the Cuba Railroad. The properties upon which
the Camaguey & Nuevitas bonds will be secured
by first mortgage include the line of railroad
from Camaguey to Nuevitas, the extensive deep
water terminals at the latter port, costing over
S1,soo,o0o, and railroad equipment recently
acquired, costing over $1l0oo00
The Cuba Railroad Company for ten years ended
June so, 1921, earned it's fixed charges an
age of 2.58 times annually. Since 1905 The Cuba
Railroad Company has had total surplus earn
ngs of $19,8l2, 900, out of which cash dividends
of $s,620ooo have been paid leaving $1l,l92,oe0
for reinvestment in the property for other
corporate purposes.