8 PANAMA RAIL ROAD COMPANY.

The total revenue freight traffic of the railroad during the twelve
months ending June 30, 1918, including coal, was 465,595 tons, a decrease
of 257,124 tons. The total revenue derived from this traffic was $1,-
066,532.91, an increase of $4,564.79. The amount of company freight
moved over the road was 26,412 tons.

PASSENGER TRAFFIC AND REVENUE.

_The following statement shows the number of passengers carried and
the passenger revenue:

NuMBER PASSENGERS CARRIED. PASSENGER REVENUE.
CLASSIFICATION.
1918. 1917. 1918. 1917.
First-class Passengers............ | 845,889 673,174 | $338,582 41 $283,848 94
Second-class Passengers. coe ee 909,061 901,230 249,241 61 Zoo. OoUs ot

MOtaleacee noo. ee oe ees P 16754,950 1,574,404 | $587,824 02 $539,379 31

The average revenue per passenger per mile for the year ending June
30, 1918, was $0.0225, and for 1917, $0.0224. The gross revenue from
the transportation of passengers shows an increase of $48,444.71, and the
number of passengers carried shows an increase of 180,546.

The following table contains a summary of the operating statistics
of the railroad for 1918 and 1917:

ITEM. 1918. 1917.
Average Vales © perated ac 109 ba ee ee ee 56.54 56. 54
Gross Operatine sMevienue <2 Gt eee ee $1,739,541 23 $1,707,392 04
Operating Expenses...... SA yc ta eke gs ee es 1,440,421 26 1,688,661 38
INeteOpenatings Revenues ec, se Se NN i ee 299,119 97 18,730 66
RereCent. of Hxpenses tocRevenues...)0) 2.0 i Sc eee 82.80 98.90
Grosseevenue per Mailesorunoad 1.5.55. ee $30,766 56 $30,197 95
Operating Hxpenses per Mileot Road... .: 2.2. -...4..2..8- $25,476 15 $29,866 67
INéte Rievenuvesper Mile of Road... ee ee ee $5,290 41 $331 28
Revenue per Passenger, Drain Mile... 23. 6s ee ee $2 50 $2 38
mRevenue per bP reight rain “Wiles sents ek $7 -76, $6: 21 ©
Total Revenue Train Mileagein 20 G2 Secu 389,276 434,124
Railrovas mevenue per dnaimeMale: 2596. 8 pn $4 47 $3 93
Railroad Operating Expenses per Revenue Train Mile......... $3 70 $3 89
Net Railroad Revenue per Revenue Train Mile.............. $07 $ . 04.
Mons perswoaded: Car. a ae Oe ere aa ee Bs AS 12.64
MONSGMCr MEAN tho es a ee en Cee Sec Ree 133.28 154.10
Freight, Passenger, and Switch Locomotive Mileage. PSE eu hanes 508,453 606,696
Work Train SVU G iG es a ES eNOS 1G de tee ati on aan ee 275,842 448,180
IRaAssencereEraime Wile a germs) ee ee ee et Ne ae, ie 267,082 268,851

Hreightadsnaime VMiilleagers. a. Na ee oe. eee Neue ea 122,194 eo OD Zito

GENERAL HiXPENSES.

The total general expenses on the Isthmus, consisting of salaries of
general officers, clerks, and attendants; office supplies, and expenses; law
expenses; the maintenance of quarters, etc., amounted to $277,283.72. |
The railroad’s proportion of this expense was SIA5, 283.72, and the balance
is pro-rated over harbor terminal and outside operations expenses. There
was an increase of $29,868.56 in the proportion chargeable to the railroad
proper. This increase was about equally divided between salaries and une
_cost of housing employees.

TRAFFIC EXPENSES.
The total charges to the various accounts show a decrease of $1,134.73.