The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-05-27
BUNKER HILL COMPANY
REPORT FOR YEAR 1914
MENTIONS NEW PROCESS FOR
RECOVERING LEAD, SILVER
AND zlNc-PRIcES Low.

port of the Bunker Hill & Sullivan
Mining & Concentrating company for
the year 1914, taken from the last issue
of the Mining and Scientific Press of
San Francisco. 1t is seldom that the
local press is favored with the annual
reports of local companies. all infor-
nation in that line coming through
outside publications which probably
receive the report direct from the COM
pany at the same time they are mailed
to the stockholders. These annual re-
ports contain much interesting and
valuable information, and since they
are public property as soon as they are
mailed, it would seem that the local
perss might be favored to the same ex-
tent as that in distant cities.
The Report.
In his brief remarks the manager,
Stanly A. Easton, states that produc-
ton was we'll maintained, and develop
ment of new ore was highly satisfac-
tory throughout the year. Ore re-
serves blocked out are as follows
Stemwinder. 27,7S2 tons; Sullivan,
775.499 tons: and Bunker Hill, 1904
$50 tons, total of 3,7OS271 tons. The
Kellogg shaft was completed to No. IA
level. 1000 feet vertically below the
Kellogg (mill adi) tunnel. station
and ore pockets were finished Ele''-
tric pumping equipment was installed
cross-cutting to the orebodies IN tW''
directions is under way. These Sn''ts
sbould he opened on this level early in
the spring. Development on NO 10
level was continued, and resulted IN
disclosing plenty of good ore Ill tne
suit with the Stewart company -
court upheld the previous decision IN
favor of the Bunker Hill company. me
vame of the ore wrongfully extractor
hos vet to be recovered. The Slerr-
Nevada and Caledonia companies pai'
substantial dividends to the bunker
H,u company. Experimental work re-
shifted in further benefits in the mil
Certain electro chemical processes
DrOmiSe TO increase inc l'~"'~''
lead. silver, and zinc from mill residue
or,ces received for lead and silver
were the lowest in 16 years and below
the average of 80 years. The earned
surplus available for dividends was
s1O17,S29, out of which $9S1,OOO was
distributed.
Details of Operations.
The balance of the report Is best
shown in the following table:
M,,o dove,onment, feet. 2,75G
Ca.4 no.. foor (sS $40 in 1879 s1076s
ouo noired TONS .... 44O,S1s
Cost per ton ($2.225 in 1879 $lSo
Electric haulage of men, ore
and supplies, per TONI ooo
,~,..,x. 9so e51 tons ner ton 0049
Pumping charges, per TOM Vo4o
General mine expenses, per
ton ...... ........'''''''' WV
Underground improvements,
ton . O0i1
Ore crushed and concentrated,
4io.S19
TOW 5000
Concentrates shipped, TONS. 56''Sl
Lead production, pounds. .7o'0oS'zoe
Silver production, ounces.' l'lol'oZ4
,r', 80 METALS 1862, 499
noe,t 949,9S7
Dividends paid ........'''''' 'oi'OVo
A Great Record.
e
The balance at the end of 1918 was
90 sso 2o3. and $3,245,475 at the end OF
1914. Dividends from other companies
and increased book valuations ac-
counted for the increase,
The output to date is as follows'
Ore mined, 6,462.S tons; gross Value'
sso231542: net smelter returns $So,-
ooo 900. onerating profit $19,S176l4;
o