Show BUNKER HILL AND SULLIVAN CO COS S ANNUAL REPORT MAKES FINE SHOWING the annual report of the bunker hill sullivan mining and concentrating company for 1927 shows a balance of these figures are after deductions for depletion and the disbursement of in dividends on common and on preferred stocks payment for the star mine was completed during the year and title taken by the sullivan mining company half of which is owned by the bunker hill company the sale of zinc concentrate at a fair price having been impossible production was discontinued in april and work in the mine confined to development for large scale production this will commence with completion of the sullivan electrolytic zinc reduction plant at silver king near the bunker hill smelter it should be ready for ope operation ration early in the summer the original plans plan have shave been broadened because of the good promise of the enterprise due to the large quantity of zinc ore available in the star mine and in inthe the output of the sidney douglas and other mines in the district the bunker hill smelter and refinery was operated on a full two furnace basis for ten months and on a one furnace basis for the last two months of the year the slackening of activity in the last part of the year was due to the falling off in custom ore receipts because of lower quotations for lead and silver mining costs in 1927 averaged a ton concentta tion 96 cents with other costs on the concentrate produced the net kellogg value averaged a ton the total kellogg costs of production 2540 and the surplus was 2993 a ton |