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ONE of the features of the annual meeting was a round table conference on carbon in pig iron, on Feb. 16. This was presided over by R. H. Sweetser, and the discussion, which was so interesting as to require holding an additional session in the after-noon, ranged over such a wide field that only a brief outline of it will be attempted here. The full discus-sion together with the papers will be printed later. The first paper was one on the need for research in foundry pig iron (1648-C) by Richard Moldenke, who pointed out the trend in present practice of attaining low cost in pig iron production by hotter blast, addi-tion of. scrap to the blast furnace, and. the enormous increase in the output per furnace day. He pointed out that remelting processes are oxidizing processes, to some degree at least, and the metal cannot be given the deoxidizing finish which is characteristic of the steel-making process. The trend today is toward specifying total carbon content in foundry pig irons, and since the carbon content depends on a variety of factors, he suggested that the blast-furnace men and the foundry men study the question and agree on a minimum of total carbon for the given silicon ranges. The discussion of this paper was participated in by E. J. Lowry, Robert Jones, T. L. Joseph,. R. H. Sweet-ser, J. G. Ferguson, W. B. Coleman, E. P. Ross and D. J. Demorest and ranged from a comparison of the total carbon used in making a ton of pig iron in charcoal practice versus coke practice to a discussion of the bad effects observable from the use of scrap This paper was followed by one on carbon character-istics of copper-bearing pig iron by W.. B. Coleman. In view of the belief in many foundries that copper-bear-ing pig iron made trouble in the foundry, experiments were made by adding copper in various amounts up to 1 per cent and with the cooperation of the Robesonia Iron Co. a large number of tests were made over a run of foundry iron. The final conclusion was that the ad-dition of less than 1 per cent metallic copper did not seem to alter the physical properties and that a blast furnace using copper-bearing ore can produce pig iron suitable for making small castings, showing low-Brinell hardness test, good transverse and deflection tests, and high-total carbon.

Jan 3, 1927

By Cecil Desch

THIS annual lecture, under the auspices of the Institute of Metals Division, and which was illus- trated by lantern slides, has been printed in full and a limited number are available for distribution on request. Some excerpts from the lecture are given below: Ever since the simple geometrical relations of crystals were discovered, it has been recognized that their proper-ties are best explained by assuming that their ultimate particles are arranged on a space lattice, and that the char-acteristics of that lattice determine the shape of the crystal and its physical and mechanical properties. Modern ex-amination by means of X-rays has widened that concep-tion and given it greater; definiteness, and the atoms are now regarded as the particles forming the space lattice. The splendid achievements of investigators in this field have made it possible to state, for a large number of sub-stances, the form and dimensions of the lattice. The char-acteristic of a lattice is that a unit of simple geometrical form is repeated at regular intervals in three dimensions so as to fill the entire crystal. It follows that there must be certain planes in which the atoms are more closely packed than in planes drawn at any angle to them, and it is these planes of closest packing which play the greatest part in determining the growth and other properties of the crystal. There are actually two stages in crystallization, what-ever be the medium in which it occurs. The first is the ap-pearance of crystal nuclei; the second the growth of those nuclei to form crystals of appreciable .size. The first is clearly a kinetic phenomenon. In the molten mass, solu-tion, or vapor, the molecules are in a state of rapid motion and frequent collision. When the temperature has fallen so far. that it is possible for a crystal to exist, a few col-liding molecules may fail to rebound, and so become at-tached to one another, the balance between the attracting and repelling forces-between them causing them to arrange themselves on a space lattice, to which other molecules sub-sequently attach themselves. It was once maintained that the X-ray evidence demanded that the molecule should dis-appear in the solid crystal, but this was a wrong inference, and in many crystals, but not in all, the chemical molecule retains its identity in the solid state. In pure metals the atom and the molecule are identical, so that the conditions are unusually simple. How many. nuclei will be formed in a given mass is evi-dently a problem in probability. Experiments to deter-mine the relation between the temperature and the number of nuclei formed in a given time have been made with some success by using viscous organic substances, but metals offer much greater difficulties, and the few determinations which have been published are vitiated by serious errors. However, the examination of sections of ingots of the same composition and cast at 'the same temperature in similar molds will show, that the number of crystals does not vary widely.

Jan 3, 1927

By Byron Bird

WHILE Mr. Fahrenwald has been working on the fundamentals of ore-dressing, in Idaho, the Northwest Experiment Station of the U. S. Bureau of Mines, in cooperation with the University of Washington, has been studying the corresponding fundamentals for the closely-allied subject of coal-washing. In this work many of the principles outlined in Mr. Fahrenwald's paper have been touched on, one important exception being that phase of his studies where conditions were approximated between those existing on a table and those existing in a hindered-settling classifier. During the past three years this work has been given over almost exclusively to a study of coal-tabling to devise better methods of cleaning fine sizes of coal, particularly the coals of the Northwest, which are very difficult to wash. One important result of this study thus far has been the development of a satisfactory hindered-settling coal classifier, now in use in several commercial plants. Recently table stratifica-tion has been the subject for study. This latter phase of the work with coal,. as well as the earlier portion dealing with hindered-settling classification, has in a measure paralleled Mr. Fahrenwald's work with ore. Without going into details about the results of the coal experiments, I shall merely say that, from a quali-tative standpoint, they are, in general, concordant with Mr. Fahrenwald's, but that from a quantitative stand-point the results, particularly those with, table strati-fication, are somewhat different. These differences may disappear as the work progresses-Mr. Fahrenwald is further ahead with his experiments than we are at the Northwest Station-but if not, the disparity would not be surprising, and indeed would be what one might reasonably expect when investigators work on two very dissimilar materials and use different apparatus and methods of study. However, this- mention of our coal-washing experiments is made only in passing. A principle of general application that may be estab-lished from Mr. Fahrenwald's paper is that different types of stratification should be used in successive' gravity-concentration processes to. obtain best results.

Jan 3, 1927

By Edgar Bain

SUMMARY THE results of an enquiry into the structural nature of some 70 iron alloys containing both nickel and chromium over a considerable range of concentration 'are briefly described in this paper. This study is a part of a comprehensive program of investigation into alloys involving chromium in progress at the Union Carbide and Carbon Research Laboratories. All the compositions studied contained carbon in amount comparable to commercial alloys.

Jan 3, 1927

THE paper on "Cross-cuts in Coal Mining," by J. J. Rutledge (published in MINING AND METAL-LURGY, February, 1927, p. 64) was brought up for discussion at the annual meeting, where the follow-ing comments were made T. D. Thomas (Lehigh Coal & Navigation Co., Lansford, Pa.) : This question has caused me a lot of worry, not in the particular district in which I am, but throughout other districts. There are always several angles to consider. If you are in a hurry to push development work, you might increase the distance between cross-cuts from 60 to 350 ft., but if you have a 40-ft. chain pillar every 60 ft. it will cut down your entry driving a whole lot. Looking at it from the ventilation angle, I agree that too many cross-cuts in entries are bad things. You have a tremendous amount of leakage, and I have seen currents starting out with 45,000 cu. ft., and after passing about 30 or 40 cross-cuts the current has dwindled down to about 18,000 or 15;000 cu. ft. The result is that the question of putting in auxiliary fans is raised. That involves several points into which I do not want to go too far, but I am in favor of not getting in too many cross-cuts, putting them in only where they are necessary: I think the state mining laws are wrong in a number of places on that, and that when you finish with a cross-cut it should be in the room. It should be well sealed on an entry. There are several ways of tightening up the cross-cuts so as not to have the great amount of leakage and wastage of: air that we now have. 'I prefer tile stopping; other people prefer cement or brick, but there is a big fac-tor to all mines, saving the mine. I checked up on the number of fans in the anthracite region and found there are 651. That was derived from the state report of 1921, and it enabled me to compute from the power the weight of the air. In the anthracite region of Pennsylvania we put in 9 tons of air to every ton of coal we get out. Tracing that back again and taking the Government's figures which they made some time ago, I found but 20 per cent of the air got to the faces where it was actually needed. That is a tremendous big loss and shows a possibility for saving, money for the various coal companies. Chairman Rice: I think what Mr. Thomas refers to was an investigation by R. Y. Williams, of the Bureau of Mines in Illinois, where a study was made of 100 typical mines, and, speaking off-hand, my recollection is that we found as little as 15 per cent of air reached the faces in one of the mines and another was as much as 50. That seems to be a reflection on the type of stoppings and general ventilation scheme.

Jan 3, 1927

By Lucien Eaton

IN anticipation of a shortage of labor for hand-tram-ming at the Cliffs shaft mine of the Cleveland-Cliffs Iron Co. at Ishpeming, Mich., early in 1923 three 4-ton Goodman storage-battery locomotives, equipped with Edison batteries, were purchased. Storage-battery locomotives were chosen for this work because the expense and time required to put up trolley-wire and to bond the rails of the complicated system of tracks on the levels, where the locomotives were to be used, would not have been warranted by the amount of ,ore to be handled. The only changes in the tracks necessary for storage-battery locomotives were new switches and extra ties and braces on curves. The tracks were 24-in. gage, and were laid with 20-lb. rail. Edison batteries were chosen, because it was desired to charge the batteries from the trolley circuit already, in the mine, and this would have been impracticable with lead batteries. Each locomotive is equipped with 126 A-4 Edison cells, which are charged in series from the 240-volt trolley circuit while the trolley locomotives are running; and are discharged in parallel in two banks of 63 cells each. These locomotives were so successful that later 5 smaller locomotives, weighing 11/2 tons each, were pur-chased for use e with cars that are filled by hand and on levels where the amount of ore handled is small. These locomotives, built by the Geo. D. Whitcomb Co. of Rochelle, Ill., are equipped with batteries of 40 A-4 Edison cells each, the cells being the same as those, on the larger locomotives. They are charged from mer-curial-are rectifiers. These locomotives are operated by the trammers themselves, and have not special oper-ators like the larger machines. The trammers are all young men of American birth, and take quickly to the operation of machinery, and the simplicity of the con-trol on these locomotives has made special training unnecessary. A survey of the results was made by the A. C. Nielsen So., an excerpt from which follows: Eight Edison-equipped battery locomotives are now in use at an Ishpeming mine of the Cleveland-. Cliffs Iron Co. This equipment was installed to take the place of men who formerly pushed loaded cars by hand. Results have been very satisfactory and the de-pendable, trouble-free operation of the Edison batteries is considered to have been an important factor in the effectiveness of the new hauling method.

Jan 3, 1927

By Samuel Taylor

IT is customary for the president of an engineering society, in his annual address, to describe either some engineering problem with which he has beer connected or to review the work of the society during his administration. My first thought, this being the sesquicentennial year of our nation, was to review the advance in coal mining for the past fifty years, during which period I have been more or less intimately con-nected with the bituminous coal industry, and have personally witnessed most of the great changes which have occurred in methods and machinery used in the production of coal, but preparation of the requisite address would take more time than could be spared to prepare it, and its presentation would consume so much time that it .would not be suitable. The new arrangement providing for giving the presi-dent's address at the business meeting makes it more .appropriate to review the work of the Institute during the past year, together with some suggestions which appeal to me as being of advantage to the future wel-fare of the Institute, which I will try to do briefly. The work of the business office has been reviewed in the Secretary's report and it will not be necessary for me to dwell on it. Suffice it to say, it seems to be going along very well. Additional work could be done which would be to the advantage of the Institute, if we had the money with which to defray the necessary ex-pense incident to it, but I will refer to this again later. I would be derelict if I did not refer to the splendid work of the Secretary and the Assistant Secretary. Keeping in touch with all the sections, which number now about 26, and affiliated student societies which number 40, besides special committees, and represent-ing the Institute on various boards, provides work enough to occupy the Secretary's time almost exclu-sively. In addition to this the Secretary and the As-sistant Secretary have the work of editing and publishing the TRANSACTIONS of the Institute; the issuing of the magazine, MINING AND METALLURGY, in the splendid manner in which it goes out to the mem-bership is no light task and I think they should receive the commendation of the membership for this work.

Jan 3, 1927

By Richard Franchot

DISCUSSION of a paper is sometimes more in-teresting in what has not been said than in what is said. In the present case the paper is mainly directed to certain thermo-dynamic relation-ships in the blast furnace. Careful reading of the dis-cussion fails to show a single use of the term, heat unit, or its equivalent. If we wish to know very-much about the furnace action it is necessary to count calories or B.t.u. Nothing much is. said about the availability of heat at high temperatures, although it will be generally admitted that in seeking underlying limiting factors in the furnace economy the hearth heat relations offer-the most promising clues. Those discussing the paper, with exceptions of course, apparently have failed to recognize an outstand-ing fact. It is a fact that the heat actually generated by the air oxygen in CO formation (including the blast heat) is in excess, after charging off radiation, etc., by from 70 to .90 per cent over the heat absorbed in melting the iron and slag and calcining the stone reduction by CO absorbing no heat. The fact stands out as plainly as does the fact that the furnace functions largely as a gas producer. The surplus heat is there. It is in the picture. Why not take a look at it, face the fact? That the surplus heat is necessitated by the hearth conditions admits of very little if any doubt. The furnace is really two separate pieces of apparatus: the hearth, doing certain work, and the superimposed shaft, doing certain other work. The combustion of fuel in the hearth, primarily serving the hearth pur-poses, generates much more heat and gas than the shaft requires, or can use, in smelting work. The result is surplus heat makes still more gas in the heat-absorbing reaction between CO, and coke; what is left of the surplus going to top heat. Here we have a simple yet adequate sketch of the furnace action. Having obtained a fairly comprehensive view of the existing heat relations of both hearth and shaft, the way to improvement seems quite plain. Either do more of the work above the hearth or put more heat into the hearth. Since there is already a great surplus of heat above the hearth, probably little needs to be done by way of increasing the proportion of the work done in the shaft. The shaft can, however, probably do much more work than it is now doing provided that a way, can be found to get more work, done in the hearth. The hearth heat is nicely balanced. Losses by radiation and water cooling and other losses are already taken care of. Any increase of hearth heat development could be utilized in taking care of increased smelting work. Aside from the possibility of increased blast heat, there is one sure way of putting more heat into the hearth, and this is to blow more air. And since the shaft already has more gas than it needs, the increased gas resulting from the greater blast volume can be withdrawn from the bosh after it has done its work in the hearth. Now an increase of burden will cool the shaft, cut down solution loss and thereby supply addi-tional coke in the hearth to burn with the additional air blown. The hearth heat per pound of coke charged will be proportionately increased. The balance between hearth and shaft will be better. Gruener's ideal will be more nearly attained, if not exceeded. Most inter-esting of all perhaps, the more the burden is increased, the more coke will reach the hearth and the more burden can be added. The effect is to be cumulative.

Jan 3, 1927

By Walter Barnum

AS a member of the Institute and as the president of the National Coal Association, I come before you today in a dual role. As an Institute mem-ber I welcome the opportunity to make complimentary reference to the growing support which bituminous coal operators are giving to programs looking to the advancement of the engineering profession, and to suggest plans whereby these programs may be enlarged to mutual advantage. As a representative of the bitu-minous industry, it gives me special pleasure to express the appreciation of the industry for the services ren-dered to it by members of your profession. Needless to say, there is a close relationship between the engineer and the coal operator. With increasing frequency and in the interests of the industry, the engineer is becoming more of a factor in the business of producing coal. I need look no further for an out-standing example of this encouraging trend than to Samuel A. Taylor, who not only is a bituminous coal producer but also has risen to such eminence in the engineering profession as to have been chosen the head of this great body of technical men, the American Institute of Mining and Metallurgical Engineers. There are many coal operators whom I might mention as having achieved distinction in the engineering world, such as Howard. N. Eavenson, chairman of the .Coal and Coke Committee. And I would be guilty of a serious .oversight if I failed to make reference to Eckley B. Coxe, one of the founders of the Institute in 1871, a prominent anthracite operator and credited with several important inventions. While it is true that a. considerable number of execu-tives of coal-producing companies in this country came up through the engineering ranks. the proportion of mine executives in England, France, and Germany who are graduate engineers is much larger than it is in the United States. In France all members of the staff are engineers and such is the case in Germany up to the owner of the mine. In Germany the owner is not so frequently an engineer as is the rule in France.

Jan 3, 1927

THE 135th meeting of the Institute was the largest and most enthusiastic that has ever been held, sur-passing passing in numbers attending even the notable meeting of 1920. The total registration was 1493. The technical sessions and round tables, 38 in number, were spread through four instead of three days as heretofore in order to reduce the number of conflicts, and most of the A. S. T. M. Committee meetings were held over until Friday. Even so it was necessary to schedule as many as seven simultaneous technical sessions, and there were usually at least two going at once that each wished to attend. Three special luncheons and five group dinners were held, each of which strung out into an informal meeting, and yet approximately 500 came to-gether each day at the general luncheon and over 700 attended the banquet on Wednesday night. The smok-er attracted 402, and the various social affairs under the charge of the general or the women's committees were all crowded. From 10.00 a.m. Monday to 11.00 p.m. Thursday there was one long series of meetings after which the members went home to catch up on their sleep. The comment on the meeting of a member of one of the other societies, who had occasion to be much in the building, was the markedly friendly spirit of the gathering, the large numbers who were evidently old friends and acquaintances. This does seem to set the miners off somewhat from other engineering groups. So many have shared the same blankets and beans at one time or another that the annual meeting has truly come to be a family reunion.

Jan 3, 1927

DESPITE the very small number of engineers who can get away from their tasks to New York, a point so far from the Mid-Continent and Cali-fornia oil fields, where the real important, engineering progress in the industry is being made, the attendance was remarkably good, and it was generally remarked that all the sessions were "snappy," and there was no drag. This was largely because, under instructions from the chairman, very few papers were permitted to be read, and the "high lights" of each paper were pre-sented orally as an introduction to the large and varied discussions, many of which were prepared in advance. The round table discussion on petroleum engineering research problems, conducted by W. E. Wrather, proved a greater success than was anticipated, considering the difficulty in getting many of the men to discuss such problems. There has been no crystallization of opinion heretofore of what are important engineering research problems, as distinguished from pure science problems, and a digest of the discussion will be made available so as to present the results obtained. It is hoped that further round table discussions, as well as committee work, in the meantime summarizing problems appear-ing in papers published the last two to three years, will enable the oil industry to determine intelligently which of the problems are most important for immediate attack. The roundtable discussion on petroleum engineering educational problems, conducted by H. C. George of the University of Oklahoma, was equally fruitful, and since managers of companies, consulting engineers, and pro-fessors cooperated in these sessions, a cross-section of their opinions on improving the curricula for training the large number of petroleum engineers, which the industry can absorb in-the next few years, was obtained.

Jan 3, 1927

THE discussion at the annual meeting of the paper on "Devices for Detecting Dangerous Gases in Mine Air" (published in. MINING AND METAL-LURGY, February 1, 1927, p. 69) was prefaced by the following description of a new portable methane indi-cator, presented by D. C. Ashmead: Two comparatively recent disasters in Utah are directly responsible for the perfection of the new methane detector. The first of these occurred on May 1, 1900, when 200 work-men lost their lives. The second disaster did not occur for more than two decades, when, on March 8, 1924, at the Castle Gate Mine No. 2, 172 workmen were killed. A dis-sembled safety lamp was later found at the seat of the ex-plosion. This indicated, as a possible cause, that the safety lamp had gone out and the fire boss had tried to relight it. These two disasters brought, the mine operators of the State of Utah to the concentrated attempt to end the loss of life through mine explosions. The Governor of the State appointed a committee, known as the Utah Mine Op-erators Committee, to study the phases of the problem, and this Committee in turn enlisted scientists all over the country in cooperative research. One group, under the direction of E. K. Judd, of the Union Carbide and Carbon Research Laboratories, of Long Island City, New York, concentrated its efforts on develop-ing a methane detector which would be completely ade-quate. This is now successful, since in laboratory as well as actual coal-mine tests the apparatus has instantaneously and accurately detected the presence of extremely small amounts of methane.

Jan 3, 1927

TWO hundred enthusiastic engineers and coal, op-erators attended a joint meeting of the A. I. M. E., the National Coal Association, and the American So-ciety of Mechanical Engineers in the auditorium of the Alabama Power Co. building at Birmingham, Ala., on Jan. 21. S. W. Farnham, mining engineer of the Goodman Manufacturing Co., Chicago, in his paper on mechanical loading of coal discussed the feasibility of scraper and machine loading. A. R. Anderson of the Jeffrey Manufacturing Co., in a paper on loading coal with conveyors covered their adaptation for long-wall mining and for loading into cars. Discussion of these papers was hampered because the cheap labor costs prevailing in the district have handicapped gen-eral mechanization of the mines. The Bureau of Mines film, "The Story of a Rock-dusted Mine," showing the New Orient mine, West Frankfort, Ill., was also shown at the meeting. F. H. Crockard, president of the Wood-ward Iron Co., represented the A. I. M. E., S. L. Yerkes, vice-president of the Grider Coal Sales Agency, and J. L. Davidson, secretary of the Alabama Mining Institute, represented the National Coal Association, and Paul Wright represented the American Society of Mechan-ical Engineers.

Jan 2, 1927

By John Ryan

SIR HUMPHREY DAVY'S epoch-making treatise delivered on Nov. 9, 1815, before the Philosophical Society of London, first announced and demon¬strated a flame safety lamp for detecting methane in mine air. Coal mining was known in England as early as 1180, more than 600 years before the advent of a safe lighting and gas-detecting appliance. Mining, no doubt, took place first in outcrop coal, and danger from gas did not become apparent until the workings became deeper and more extensive. Davy's lamp did much to increase the safety of miners, and a modified Davy lamp is still widely used for detecting the presence and approximate amount of combustible gas in mine air. No factor in coal mining has improved more rapidly during the past 15 years than safety measures. This progress came about not only as a result of the work-men's compensation laws now in force in most of the states of the Union, but because the research work of the U. S. Bureau of Mines has demonstrated some dan¬gers incident to coal mining which were not considered to be serious matters prior to that time. Electric power and explosives are necessary but 1-potential hazards in American coal mines. A general mechanization program is now under way, while the mines are growing deeper and more extensive. Conse-quently ventilation problems are more complex and a demand has been created for positive detecting devices for carbon monoxide as well as methane. Scientists and manufacturers, working hand in hand during the past 10 years, have invented and developed appliances which make systematic and effective examination of mine air possible. The object of this paper is to describe briefly the approved testing devices in use today, with the hope that they may lead to the saving of life. Dangerous coal mine gases may be placed in two groups: (1) those that are dangerous because of their explosive properties, and (2) those that are dangerous because of their toxic properties. Methane (CHI) is the important gas of the first group, and in so-called gaseous mines constantly exudes from the coal and rock; it may accumulate and form an explosive mixture.

Jan 2, 1927

By Joseph Singewald

THE problem of the utilization of the low-grade red iron-ores has peen before the iron-mining industry of the South for several decades. the experiments by W. H. Coghill1 of the U. S. Bureau of Mines to determine the degree of liberation of minerals in the Alabama low-grade red iron-ores after grinding interest the writer very much because 10 fears ago, while a member of the U. S. Bureau of, Mines, he experimented similarly on the same ores using a heavy solution .2 Extensive experiments were made in the nineties by W. B. Phillips3 in association with H. A. J. Wilkens and H. B. C. Nitze. The ores were rushed to pass 15 mesh and were separated by magnetic machines into concentrates, middlings and tails. The experiments were made with carload lots in an experimental mill. Most of the ores tested, however, were soft, whereas the main problem is the utilization of the low-grade hard ores. Phillips gives the results of only four tests of hard ores; two of these are of self-fluxing ores of the grade now utilized and two of ower grade and less amenable to concentration than the average low-grade ore that underlies the self-fluxing ore of the Big Seam. The average of these least favorable samples shows the production, from an ore analyzing 32.30 per cent. Fe, 10.34 per cent. CaO, 33.40 per cent. insoluble, of a concentrate with 43.82 per cent. Fe, 8.90 per cent. CaO, 18.48 per Sent. insoluble with a ratio of concentration of 2 and an iron recovery of 39.2 per. cent. The grade of this concentrate compares favorably with the average grade of washed brown ores of the district which is given by Burchard4 as 45 per cent. Fe, 14.6 per cent. Si02. The slightly lower iron

Jan 2, 1927

By Samuel Dolbear

PUBLIC discussions of mine finance in the tech-nical press have been confined mainly to methods of providing funds for the development of pros-pects or other mining operations which have not reached the stage of productivity. The application of modern financing methods to mines which have behind them a successful record of net earnings has, for some reason, been given scant consideration by mine owners and managers. In a few conspicuous cases, such for example as the Anaconda Copper Mining Co., Chile Copper Co., and one or two others, industrial finance has been applied to mining operations on the scale and after the fashion of other operations. When extensions are needed re-course is usually had, however, to the sale of common stock, with the obvious disadvantage of diluting the holdings of every stockholder of record prior to such financing. In some cases, it has been sought to over-come this disadvantage by issuing stock purchase rights to shareholders of record. If the stockholder is in a position to acquire additional stock, he may then pre-serve his interest intact, otherwise he must suffer a dilution of his holding. If he purchases additional stock he is, from one point of view, paying more for his in-terest than he bargained for when he made his original purchase. In many cases development and equipment are paid for out of surplus or current earnings. It is sometimes most difficult to explain to a manager why he can afford to borrow money when funds are available from a sur-plus account. Nevertheless, industrial enterprises with adequate surplus accounts often finance new construc-tion by the issuance of bonds. Such a procedure enables the company to maintain its surplus intact, and to con-tinue the payment of dividends during a temporary period of unusual expenditures.

Jan 2, 1927

THE twelfth annual meeting of the American Asso-ciation of Petroleum Geologists will be held in Tulsa, Okla., on March 24 to 26, at the Mayo Hotel. The per-sonnel of the committee on arrangements for this meet-ing is as follows : Chairman, M. M. Valerius ; finance, J. H. Gardner; program, Sidney Powers,; publicity, Luther H. White; reception, L. G. Welsh; registration, Frank A. Herald; exhibits, Frank C. Greene; entertain¬ment, Harry H. Nowlan ; ladies' entertainment, T. E. Weirich; golf tournament, A. L. Beekly; hotels, G. C. Potter; transportation, A. W. Duston; banquet, R. Hughes; decoration, V. H. Hughes.

Jan 2, 1927

By Colin Fink

THE important developments within the past few years in electrochemistry, in particular in the electric furnace art, in electrometallurgy and in the methods of combatting corrosion are to be the subjects of my discussion. Fig.1 shows the rise of the electric steel furnace industry in this country and Canada. Many prophesied that the electric furnace was largely a war baby and that the sudden rise in the industry, due to the outbreak of the great war, would be fol-lowed by an equally sudden drop after the armistice. However, the curve shows that this, prophecy was not correct; the number of furnaces in operation in this country and Canada has continued to increase steadily, so that at the end of 1925 there were over 525 electric steel furnaces in successful operation. What does this mean? It has a big significance, namely that the en-tire steel industry has been revolutionized, to a certain extent, that we have been able to introduce certain alloys and steel products that we were unable to pro-duce before. On the table is. a sample of metallic chro-mium, analyzing more than 98 per cent chromium, made in the electric furnace. Before the war, the only commercial method of producing chromium was that by the Goldschmidt process. If chromium oxide is mixed with granulated aluminum, a violent reaction occurs, resulting in the production of metallic chro-mium. However, the price of chromium so made will always be above that of the raw material, which at the present time is about 27 cents a pound.. Furthermore, the chromium metal could only be turned out in small quantities, whereas in the electric furnace, large quan-tities, ton masses, can be produced today. The advent of chromium produced in the electric furnace has brought about an entire new phase in the alloy indus-try. The fuel-fired furnaces can turn out a low-carbon chromium steel that runs about 3 per cent chromium, whereas in the electric furnace, 60 per cent ferro-chromium is daily produced in large masses with almost entire elimination of carbon. It is difficult indeed to turn out ferrochrome very low in carbon. New steels are being produced today, for example the steel with which everyone has become familiar within the 'last few years, "stainless steel,". and which would have been impossible without the low-carbon ferrochrome. The elimination of most of the carbon made it possible to roll the chromium steels into thin sheets and manu-facture them into knife blades.

Jan 2, 1927

By J. J. Rutledge

THE first method of working coal mines in the middle western states, more particularly in Illinois, Indiana and Missouri, was by means of the so-called single-entry method. In this method a single main passageway, or entry, was driven in the coal seam. with no parallel passageways, and from this pas-sageway or entry there were turned at intervals sim-ilar cross-passageways or entries, and from these cross-passageways, if the coal seam worked lay fairly horizontal, rooms were turned right and left. These crude methods of working were followed when the com-panies opening the mines were small and of very limited capital, and when the demand for coal was small and irregular. The principal desire was to produce coal in the short-est possible time and at the cheapest price. The chief evil resulting from such method of working was de-fective ventilation, although there were other serious drawbacks. There were then few or no good mining laws and no restrictions on those operating the coal mines. The hours of labor were long, the wages low, and the miners accordingly worked hard. All the coal was either sheared or undercut with a pick by hand. Very little solid shooting and no machine mining was done. What little air entered the mine, openings was introduced through the entries or. headings and thence conducted through the rooms by means of curtains; in many cases, as the workings became more exten-sive, the number of curtains added so materially to the mine resistance that ventilation was extremely in-efficient. Shots were fired by the miners at any time during the working shift and consequently there was more or less powder smoke or fumes in the mine work-ings all day long. Moreover, the working days were much longer than at present. The fine, dry coal-dust falling from the miners' picks while they were shear-ing or undercutting the coal filled the mine atmosphere and was taken into the lungs of the mine employees.

Jan 2, 1927

By B. O. Pickard

WITH more than a score of shafts and numerous stope openings to the surface, all inter-connected underground; with underground temperatures high, often exceeding 100° wet bulb; with an ore presenting a dust health-hazard; with certain rocks giving off inert gases; with an altitude of 6000 ft. above the sea level and a dry desert climate, the Tonopah mines offered an interesting, problem to the student of metal-mine ventilation. Tonopah is not an old mining district relatively speaking. It was discovered in 1900 and Tonopah soon was a boom camp. By 1910 the mines of this district had paid many millions of dollars in dividends. At the time of the 1921 ventilation study, mining had passed its peak of production and the operators were striving to reduce costs, to discover new ore bodies, and to attract desirable workmen. In 1925, the camp was operating on a still less prosperous basis, but the several managements had not relaxed in their efforts to keep the mines on a paying basis, neither had they lost their faith in the ability of the mines and the price of the silver to "come back." Early in the fall of 1921 the Bureau of Mines was invited by the mine operators at Tonopah, Nevada, to make a detailed study of the under-ground air conditions in the Tonopah silver district. D. Harrington,? who was then directly supervising the ventilation studies of the bureau, detailed district engineer B. 0. Pickard, mining engineer E. D. Gardner, surgeon C. E. Kindall, and petrographer H. Insley to carry on the study. G. S. Rice, as chief mining engineer of the Bureau of Mines, was in general charge of the work. Upon the completion of the study each operator was furnished a report on conditions in his mine.

Jan 2, 1927