New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-30
PACIFIC MAIL REPORT.
Diversion Of Traffic Due to Frisco
Disaster Affects Earnings.

The report OF the Pacific Mail Company for tho
last year shows that receipts from the operation
OF steamers decreased ss5a.s and from all other
1872 22l. total decrease OF *so5.oe2 part
OF the decrease in operation Of steamers, the report
says resulted from the fact that the transpacinc
line made four trips less this year than last. but
by far the greater part the result OF tho d.
version of traffic 20 other channels during tho re-
establishment in San Francisco OF stores. ware
houses hotel accommodations and other accessories
which are required in carrying extensive
commerce. and which entirely destroyed or
scattered by the fire of April. 1906 also from the
lower rates on ocean tonnage from the unsettled
civil condition IN the Central American republics.
which reduced materially the compenys traffic In
these states.
Expenses for the operation of steamers. incud-
ing charter paid for steamers. decreased sos 0S1:
general expenses. $27 49, insurance. f2OlH and in
terest on loans. etc. sT,6S5; total decrease OF
se6 1865. There was an increase In agency expenses
Of sG15s partly the result OF advance In wages.
but principally from payment OF 49, 53 for light
erage charges Panama in February, March and
April. 1906 which were chargeable 10 the expenses
Of the preceding year. but OF which the records
destroyed in the San Francisco fire. This
leaves q net decrease In expenses OF $500 07.
After deducting sl6.Il, expenses incurred in car
Ing for the passengers baggage. etc. OF the Man
churia and of the Mongolia and the usual charge
for depreciation. and general and extraordinary
pairs OF steamers there remained surplus OF
t3i3 against S2S2,SSS the preceding year, Ne-
crease of $l52 $50 addition the interruption OF
the regular service Of the by strikes. and
the expenses incident thereto the OF operating
steamers materially increased by advance
in wages ranging from 10 to SS per cent In all de-
partments of the ships. and by the greater cost
OF all materials and supplies used by them par
tcularly OF coal The sum OF 1897 $50 credited
to the fund for depreciation and general and
traordnary repairs OF steamers. and charged the
years expenses. After charging this fund with the
payments made for its account 81 1875 e34 remained
its credit at the close OF the year
In the summer OF 1905 the two chartered ships
the Manchuria and tho Mongolia. with serious
disaster the former Oahu Island and the latter
on Midway Island Both vessels and cargoes were
saved but the Manchuria damaged that she
was unable to resume service and was put In dry
dock for repairs last November. She TO 20 into
service June l. but is st held in drydook by the
present strike in San Francisco. The Mongolia was
temporarily repaired and resumed service after
slight delay, but permanent repairs will be- made
to her when the Manchuria goes into service The
ships
The Indebtedness to the Southern Pacific Com
pany incurred partly in paying for the steamships
Korea and Siberia, costing S3974.164 discharged
during the year, and the company has other
debts than those for current expenses. which
company has on hand In New York. San Francisco
and London. April 3d. 1907. cash amounting
s343,327 and other current cash assets amounting
to S3l9,5l0.