PANAMA RAIL + ROAD COMPANY. © 13.

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CoaLING PLANTS.

The loss from the sale of coal at the Cristobal and Ballon olan |
amounted to $549,606.56 as compared with a profit of $373,323.63 for the
previous year. x cross section inventory of the coal piles made on June
30th, 1922, developed an overage in coal to the value of $125,494. 00;
reducing the loss to $424,112.56. —

The average sale of 34,000 tons per month during the last five months, ’
of the prior year decreased to on an average of 21,000 tons per month this :
year, thereby increasing the cost per ton for handling through the plants.
In addition to this coal was sold in large quantities to steamships at less
than actual cost in an effort to dispose of the high priced coal on hand.

The handling costs, including repairs, depreciation, etc., amounted to
$1,103,919.22, of which $924,787.68 was expended at Cristobal and $179,- —
131.54 at Balboa. The quantity on hand at the first of the year was —
144,683 tons, 249,472 tons were received. 26,402 tons were recovered,
12,038 tons were transferred to Navy stock and 251,616 tons were sold,
leaving 156,903 tons on hand on June 30th, 1922—144,613 tons at Cristobal
and 12,290 tons at Balboa. |

The receipts from sales amounted to $3,329,955.92, including additional
charges for extra handling, also for unloading, storing and delivering
U.S. 5. Navy coal, as compared with $7,400,758.15 for the previous year.
205,712 tons were sold to ships at Cristobal and 24,113 tons at Balboa.
The balance was sold to the U. 8S. Army, The Panama Canal, and individ-
uals and companies on the Isthmus, or used by the Panama Rail Road.

During the year 26 cargoes of coal were received; the 8.8. “‘ Cristobal”
brought 11 cargoes to Cristobal and 2 to Balboa. The ‘‘ Achilles” brought
8 cargoes to Cristobal and 1 to Balboa, which was later transferred to Navy»
stock. The "_ Ulysses” brought 2 cagoes to Cristobal, while the barges
~Mamei” and “Darien” brought 1 cargo each to Cristobal.

In addition to this the Navy had in Panama Rail Road storage June
30th, 1921, 78,522 tons, 24,889 tons were received during the year, and
38, 044 tons were delivered to the Navy, leaving a balance on hand on June
30th, 1922, of 64,867 tons.

The following table shows the quantity of Panama Rail Road coal dis-
posed of on ‘the Isthmus, also the fuel oil used by Panama Rail Road
locomotives, converted into the equivalent coal tonnage, (oil ooualy con-
sumed during 1922 amounted to 69, 156 barrels.)

 

Hane YEAR 1922. Fiscan YEAR 1921.

 

 

 

 

 

 

Coal. Oil. Total. Coal. Oil. Total.

Panama R. R. ugines SRP Macnee enon ge — 11,918 | 11,918 901 18,007 18,908
Panama R. R. Switch Engines.......... —— I BAL 5,371 2,947 6,466 9,413
Panama R. R. Other Purposes.......... 3,798 == » 3,798 5,774 — 5,774
Panama R. R. Steamship Line.......... 11,898- = 11,898 | 12,264 — 12,264
Other Steamship Lines:

Atlantic rerminals, y:2.%.<.-..s.. 6: 193,729 — 193,729 | 369,482 — 369,482

Pacific Merminals;;:.<..5: «2472.5. . 23,325 — 23,329 | 42,934 — 42,934
United States Army....... Pe ae ENE 6,343 — 6,343 8,418 — 8,418
Miscellancousa 22a ee 3,939 — 1939 5,278 — 5,278 |
Panama Canal. .... Se ee ere as 8,584 _ 8,584 | 20,817 — 20,817

 

 

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Ot als ses, he ete gets sees 251,616 | 17,289 | 268,905 | 468,815 | 24,473 | 493,288