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By Harry Roeser

Short cuts for determining the constants of oil decline curves, with the method of least squares as a starting point, are presented and applications made to practical examples. The nature of the raw data does not justify rigid adherence to the orthodox theory but does lend justification to convenient methods of approximation within reasonable limits. If the conventional form y = kxn were changed to y = k(x + c)', methods of determining the curves would be simplified and greater uniformity in calculated results would probably follow. As A result of the publication, several years ago, of some articles on determining the constants of empirical formulas, the determining the constant's of types of curves used for estimating the production decline of oil wells was brought to the writer for study. Methods requiring a minimum of time and labor and a maximum of rigor were sought, as it appeared that the nature of the data from which such curves are computed and the relative uncertainty of occurrence of the events predicted from them did not justify close adherence to the theory on which the solution of such problems is ordinarily based. The technical deficiencies of the solutions presented in this paper, from the standpoint of the method of least squares, are readily apparent to those familiar with that method, but their presentation in detail here is irrelevant to the subject matter. However, it is the author's conviction, after a rather exhaustive study of the problem, that the value of the solutions lose little by the approximate application of the conventional theory. It must be understood by those who use these formulas that the solutions herein given, and the formulas based on them, are merely facilities to aid the valuation engineer in forecasting future events. It is assumed, also, that before application is made of them, prescient judgment based on the circumstances in each case, shows that the forecast has some probability of realization. On this basis only will these formulas be found useful.

Jan 6, 1924

CONTENTS PAGE CARMICHAEL, NORMAN, and KIDDIE, JOHN.-Development of Mine Transportation in Clifton-Morenci District. Discussed by Norman Carmichael, Charles Legrand, B. B. Gottsberger 1 BARER, THOMAS C.-Fresnillo - Glory-hole Mining Practice. Discussed by Charles A. Mitke, B. B. Gottsberger, E. R. Thomas, Enoch Perkins..: 3 BRADLEY, P. R.-Estimation of Ore Reserves and Mining Methods in Alaska Juneau Mine. Discussed by R. M. Raymond, A. H. Rogers, Enoch Perkins, H. G. Moulton 6 BIRCH, STEPHEN.-Geology and Mining Methods of the Kennecott and Beatson Mines. Discussed by R. M. Raymond, Alan M. Bateman, Enoch Perkins 8 LEES, CHARLES E.-Mining Methods and Costs at the Iron Cap Copper Co., Copper Hill, Ariz. Discussed by A. L. Walker, A. Neustaedter 10 BELL, CHARLES N. -Mining Methods of the Telluride District. Discussed by Charles S. Hurter 10 Development of Mine Transportation in Clifton-Morenci District Discussion of the paper of NORMAN CARMICHAEL and JOHN KIDDIE, presented at the New York Meeting, February, 1924, and issued, as. Paper No. 1310-M, with MINING AND METALLURGY, March, 1924. NORMAN CARMICHAEL.-We realized the objections too the gable-bottom car, but were almost forced to its adoption by the same reasons that caused us to retain the 20-in. gage. To use another car would have meant a vast number of changes, for our transportation system was quite extensive; all mine chutes and ore bins were arranged for that car. Had we been laying out, new works, many of our decisions would have been different. MEMBER.-If you were planning it now, would you not put in box bottom cars with a rotary dump? NORMAN CARMICHAEL.-We surely would. One objection to the gable-bottom car is the spill. No, matter how carefully the cars are kept up,: there is always leakage and spill. The cost of keeping and maintaining the cars in a good state of repair, so as to keep that loss at a minimum, is not necessary for a box-bottom car.

Jan 6, 1924

By Albert Sauveur

As THE years go by, names of distinguished metallurgists will be added to the list of Henry Marion Howe lecturers, and now and then an illustrious one, for to be chosen to deliver the Howe lecture will be, I do not hesitate to predict, a highly coveted honor. I pray, therefore, your indulgence, if I confess to a feeling of gratification in having been appointed the first of these lecturers. It does not follow, however, that I am losing all sense of proportion and that I have an exaggerated idea of the little I have been able to contribute to our knowledge of iron and steel. Indeed, I fully realize how small were my claims to so great a distinction. I realize, also, that those entrusted with the task of selecting a lecturer were actuated, in coming to a decision, by their knowledge of the long and intimate friendship that had existed between the leader we have lost and myself. For their generous impulse, I thank them from the bottom of my heart; and with becoming modesty, I take up my task as the first Henry Marion Howe lecturer. It would be pleasant and indeed most appropriate to devote this entire lecture to a eulogy of Henry Marion Howe and his work, but how short the time for so large an undertaking and how inadequate my qualifications! On Aug. 28, Sept. 4, 11, and 18, 1875, a series of articles appeared in the Engineering & Mining Journal entitled "What is Steel?" With one exception, these constitute the first professional paper of Henry Marion Howe. That was nearly fifty years ago, three years after graduating from Harvard University. He was then but twenty-seven years old and already his keenly inquisitive mind was actively at work. There is a touch of romance in this young metallurgist who, on entering his. scientific career, destined to be so brilliant and so fruitful, on the very threshold of it, seems to have selected as his motto "What is Steel?" Like a knight-errant of science, he started on his quest for an answer to that question, a quest which was to last forty-seven years and which death only brought to an end. And while thus engaged how many wonderful messages we received from him, each one bringing us nearer to the goal! How illuminating, inspiring and encouraging were those messages! How well-equipped he was to wrench from nature some of the secrets she so jealously guards! How broad his learning and how clear his

Jan 5, 1924

CONTENTS PAGE ANDERSON, ROBERT J., and ENOS, GEORGE M.-Corrosion of Brass as Affected by Grain Size. Discussed by Henry S. Rawdon, Robert J. Anderson, Francis B. Coyle, William B. Price, and W. R. Webster 1 RAWDON, HENRYS., and MUTCHLER, WILLARD H.-Effect of Severe Cold Working on Scratch and Brinell Hardness. Discussed by W. H. Bassett, John Livermore Christie, John R. Freeman, Jr., W. R. Webster, William B. Price, Norman B. Pilling, D. J. McAdam, Jr., F. G. Smith, Zay Jeffries, F. E. Carter 3 WILLIAMS, ROBERT S., and HOMERBERG, VICTOR 0.-Relation of Heat Treatment to the Microstructure of 60-40 Brass. Discussed by 0. W. Ellis 14 Corrosion of Brass as Affected by Grain Size Discussion of the paper of ROBERT J. ANDERSON and GEORGE M. ENOS, presented at the New York Meeting, February, 1924, and issued as Paper No. 1282, with MINING AND METALLURGY, December, 1923. HENRY S. RAWDON,* Washington, D. C. (written discussion).-So numerous and so varied are the factors that affect the corrosion of metals that particular care is necessary in corrosion tests to eliminate so far as possible all extraneous factors. It appears to the writer that the question may well be asked as to whether all the necessary precautions have been observed in this investigation. It may be that the points to be mentioned were considered by the authors and found to be insignificant; however, there is nothing in the report to show this.

Jan 5, 1924

By Newell Alford

FORECASTS of future timber consumption in soft-coal mining are handicapped by; the lack of adequate experience records for estimating properly the timber requirements of the industry. Data were obtained from plants where records are kept or from operators who collected the information and to these were added FIG. 1.-GROWTH OF POPULATION IN UNITED STATES, FROM PEARL'S ?BIOLOGY OF DEATH." composite figures for the continental United States in 1905 and 1919 1 and for central and. Western Pennsylvania and for Illinois in 1922.2 The result, representing slightly over 928;000,000 net tons, is shown in Table 1. Some of the companies furnishing data were unable to segregate the timber into classes of use but for those who did, Table 2 shows the board feet of posts and cross bars used per ton of coal mined and the, percentage of the total timber consumed that was used in roof support. The wide variation in amounts of timber per ton of coal mined is the result of

Jan 5, 1924

CONTENTS PAGE BAIN, EDGAR C.-The Nature of Martensite. Discussed by Ancel St. John, Henry S. Rawdon, Jerome Alexander, Howard Scott 1 FEILD, ALEXANDER L.-Effect of Zirconium on Hot-rolling Properties of High-sulfur Steels and the Occurrence of Zirconium Sulfide. Discussed by Beram D. Saklatwalla, Bradley. Stoughton, Andrew M'Cance, George F. Comstock, Alexander L. Feild 12 SAUVEUR, ALBERT and KRIVOBOK, V. N.-Use of Sodium Picrate in Revealing Dendritic Segregation in Iron Alloys. Discussed by George F. Comstock, John H. Hall 17 KINNEY, C. L., JR.-Economic Significance of Metalloids in Basic Pig Iron in Basil Open-hearth Practice. Discussed by V. J. Pazzetti, George B. Waterhouse, C. L. Kinney, Jr 19 NEAD, J. H.-Absorption of Sulfur from Producer Gas in Open-hearth Furnaces.. Discussed by George B. Waterhouse, C. L. Kinney, Jr 26 PRIESTLY, WILLIAM J.-Effect on Steel of Variations in Rate of Cooling in Ingot Molds. Discussed by Emil Gathmann, Paul E. McKinney, George A. Dornin. 27 MONYPENNY, JOHN H. G.-Stainless Steel, with Particular Reference to the Milder Varieties (Stainless Iron). Discussed by P. A. E.-Armstrong, Beram D. Saklatwalla 33 ROYSTER, P. H., and JOSEPH, T. L.-Effect of Coke Combustibility on Stock Descent in Blast Furnaces. Discussed by Ralph H. Sweetser,. Richard Franchot, Sidney Cornell, T. L. Joseph 41 DAVIS, F. W., and BOLE, G. A.-Observations on Requirements of Refractories for Open Hearth. Discussed by C. L. Kinney, Jr., L. F. Reinartz, P. E. McKinney 46

Jan 5, 1924

By Zay Jeffries

EACH generation accepts the developments of the preceding generations without full appreciation of the difficulties that had to be overcome or of the effect of any given development on society. Today, the production of pig iron is the yardstick with which general industrial health and progress are measured. So natural and logical does this seem to us, that it is difficult to picture conditions prior to the fourteenth century when pig iron was unknown. Not only was pig iron unknown but iron or steel could not be melted and poured into castings; all iron and steel articles were forged from sponge iron. All castings, as well as many worked articles, were made of non-ferrous metals or alloys. In many parts of the world, over long periods of time, not only was the annual exchange value of non-ferrous metals greater than that of iron and steel, but their combined tonnage was greater. At present, the value of the pig iron produced in a year is of the same order of magnitude as that of all non-ferrous metals combined; the tonnage of pig iron is, however, about twenty times that of all non-ferrous metals combined. Owing to lack of records, we will probably never know the relative importance of the various metals at all periods in historic times. A certain conclusion is that the iron and steel industry, since the discovery of pig iron and the cheap methods of converting it into steel, has grown at a much more rapid rate than the non-ferrous metal industries. Notwith-standing their fundamental fitness for man's needs, iron and steel owe their importance in no small degree to the low cost of production. The low cost was a result of increased knowledge of the production appliances and of the metallurgical processes. This increased knowledge is the key to our modern industrial civilization.

Jan 5, 1924

By Wm. J. Wright

RECORDS of crude oil in India date back for nearly 100 years, and modest attempts were made to develop the oilfields of Assam about 75 years ago. We have no record of production until 1892 when the fields near Digboi, Assam, yielded about 700 bbl. Since that time, the production of the Digboi fields has increased slowly, but steadily, and new fields have been opened at Badarpur, in Assam, and Khaur, in the Punjab, until the production in India in 1918 was about 293,700 bbl. and the possible production at the present time is approximately 300,000 bbl. per year. In the meantime, the English oil companies in India have been slowly adding to their holdings until they have taken up practically all of the promising territory that is readily accessible, and only about one-tenth of their properties has been touched by the drill. All the producing oilfields of India, and as far as we know all the prospective fields, are confined to areas underlain by rocks of Tertiary age. These rocks consist of more than 20,000 ft. of dark sandstones and shales, with the Nummulitic (Eocene) limestone at the base. In parts of Assam, the lower measures contain economic deposits of bituminous coal. In the Punjab, the upper part contains thick beds of conglomerate. Visible organic remains are rare; except in the limestone and the coal measures. In general, the hardness of the measures increases from top to bottom, but there is an alternation of relatively hard and soft beds throughout the whole series. The rocks are everywhere folded and, in some instances, severely faulted. The crests of eroded anticlines usually stand up as ranges of hills in which the individual ridges are underlain by the relatively' hard beds. Thus structural features are suggested and often clearly defined on the topographic maps.

Jan 3, 1924

By Joseph Pogue

THE, prices of crude petroleum and its derivatives have shown an upward trend from 1915 to 1920, and a downward trend from 1920 to 1923, see Table 1. Over the former period, oil prices were dominated by the rapidly increasing demands and inflation incident to the war and its aftermath, while over the latter period oil prices were influenced at the outset by deflation and then by the conditions of overproduction that have characterized the past three years. The purpose of this paper is to analyze the broader features of the more recent price movements in the petroleum industry and to relate these features to basic economic conditions in the industry. INDEX NUMBERS OF OIL PRICES The analysis and comparison of price movements may be facilitated by converting actual prices into relative prices, or index numbers, with 1913 taken as a base of 100. In this way, the various price groups are expressed as percentages of the 1913 prices and may thus be readily compared with one another or with the average prices of other commodities similarly expressed. Table 1 gives the index numbers representing the average prices of crude petroleum, gasoline, kerosene, fuel oil, lubricating oils, and all commodities. The last named is the index of all commodities as published by the U. S. Bureau of Labor Statistics and .is widely accepted .as the official measure of the general price level. The index numbers of oil prices were calculated by the writer from weekly quotations published in trade journals.

Jan 3, 1924

By Thomas Bannon

PROSPECTING for oil in Spain has been going on for many years but only in a very haphazard way and without adequate geological or technical advice. Shallow wells have been drilled in several provinces but, for the most part, they have been doomed to failure from the beginning because of unfavorable geological locations, inadequate drilling equipment inexperienced operators, or lack of sufficient capital. Geologists seem to agree that the most favorable chances for commercial fields are in the northern part of Spain where the petroliferous Triassic beds underlie Cretaceous and Tertiary sediments. The prov-vinces of Santander, Burgos, Alava, Vizcaya, Navarra, and Guipuzcoa seem to offer the most promising localities. Several shallow wells have been drilled near Villamartin about 60 Km. northeast of Cadiz. One of these wells produced a small quantity of light oil but was never operated. The Spanish Government has been drilling on a well in this district for some time, using the Russian free-fall drilling system. The present depth is about 3000 meters. Several years ago the Compania Petrolera Franco-Espanola drilled a well to a depth of about 700 meters near Elorrio, province of Vizcaya. A diamond-core drill was used. The well was located on vertical Cretaceous beds near an igneous dike. The same company, in March, 1923, made a new location about 500 meters away from the first well and the same distance from the dike, in beds dipping about 80°, and is now drilling its No. 2 well. The last depth reported was about 200 meters.

Jan 3, 1924

By H. S. George

A method of illumination that enhances the value of microscopic study of opaque materials, as in metallography. By simulating natural lighting, structures. That possess relief are given a natural appearance. An example is included of the revelation of a hitherto invisible microconstituent. Erroneous interpretation is avoided. For example, etching figures in ferrite, heretofore considered to be pits, are revealed as pyramids, standing in bas-relief. Suggestions on technique are given, for, while the method is obvious, practice and attention to detail are requisite. ON one occasion when it seemed desirable to reveal under the microscope not only the metallic structure of an alloy, but certain small non-metallic inclusions, that are ordinarily obliterated by etching, it was discovered that, by partly eclipsing the illuminating pencil of light rays, the residual light was thrown on the object from one side and the structure was brought out in relief. At the same time, the non-metallic inclusions were retained in clear view. In this first demonstration of lighting obliquely through the objective a card was thrust part way into the light beam between the arc iris, and the light filter; the shadow of the card on the filter served to locate its position. Next several stiff-paper disks of various diameters were mounted on flexible wires some plasticine on the other end of the wires made it easy to adjust and maintain a disk at any desired position in the light beam. To facilitate manipulation, an assortment of disks, was mounted on a wheel, as shown in Fig. 1. The purpose of partly eclipsing the light beam was discussed in an earlier paper.1 There it was pointed out that the usual methods of illuminating opaque objects for microscopic examination lend an, un-natural appearance to, the view, while the new method, which has been termed conical illumination, revels the true relationship of constituents by simulating natural lighting.

Jan 3, 1924

By Wilbur Nelson

THE year 1923 has been a dull period in oil development in Kentucky and Tennessee, with the exception of the Kettle Creek area along the Tennessee-Kentucky line, in Clinton and Cumberland Counties, Kentucky, and Clay County, Tennessee. The price of oil during the year has been so low that wildcatters have shown little interest in drilling. At the beginning of the year, light oil sold for $2.31 per barrel and medium oil for $2.06 per barrel. Prices increased to the highest point for the year in February, when light oil brought $2.86 per barrel and medium oil, $2.61. In April, prices had declined 35 c. while in May an additional decline of 25 c. went into effect. During June, prices declined 20 c. per barrel; during July, 45 c. per barrel; remained stationary during August and September, and dropped during November and December to the low price of $1.36 per barrel for light and $1.21 for medium oil. At present, an increase of 29 c. has brought the price of light oil up to $1.55, and indications are that the price will continue to increase during the coming months. It can readily be seen that during 1923 the price of oil was such as to prevent any drilling except that necessary to hold leases and to maintain production enough to take care of overhead expenses.

Jan 3, 1924

By G. L. Oldright

NEARLY all of the present schemes for treating complex (i. e. lead¬silver-zinc-copper) ores are based on the idea that lead holds, and will hold for some time, the strongest economic place from the viewpoint of supply and demand of all the non-ferrous metals. Copper, it is thought, will come back to its own when European affairs are stabilized, although at that time competition from Chile, Peru, and Katanga, in particular, will be more severe than in pre-war days. The future for silver and for zinc is uncertain. New uses are developing for zinc, and the market has remained better than many expected, but the stabilization of world markets will bring in foreign competition instead of relief. The cost of producing zinc from simple zinc ores, by the retort process, will, from the nature of the labor required and the increasing cost of fuel, increase steadily. As a result, the small producers of purely zinc ores around Joplin are shutting down their mines, even with a good market price for zinc; on the other hand, the producer of lead from complex ores, in the Rocky Mountain states, is confident of a profit from the sale of his lead, and is seeking means to make the zinc in his ore pay some part of the cost of treatment. However, the tonnage costs for mining and ore dressing are much higher in the Rocky Mountain states, as may be seen by comparing tax-return statements from the various states. Even before the recent drop in the price of silver, many mines were operating on a very slender margin of profit; labor and supplies cost more. Mining at greater depth has shown most orebodies to grow increasingly more complex, so that improvements in mining and ore-dressing practice have not been sufficient too compensate for the additional expense involved in beneficiating these ores. The smelters have had to meet the same general economic situation, so they can only give

Jan 3, 1924

By V. F. Marsters

THE main producing oilfields in Peru are located in the department of Piura and province of Thumbes, adjoining Ecuador on the south and west. In the department of Puno, a small field known as the Pirin or Hauncané Area was exploited some years ago by Fred Brown and associates and considerable production obtained. As. shown by the statistical table of production, this area reached its maximum production about 1909; since 1915, operations have been suspended. During the past year, however, the Peruvian Corpn. has acquired some interests in this section. It is reported to have made a few shallow tests with the hope of obtaining sufficient production to supply fuel for its railway lines, which operate between Mollendo on the coast and Puno and Cuzco in the interior. Only partial success has accompanied these efforts; nevertheless, exploitation is being continued. The petroleum of this region contains a paraffin base with small amounts of asphalt. While the gasoline content is small, the kerosene content runs as high as 30 per cent., with the fuel element varying from 50 to 72 per cent. While it is known that the structural conditions of the Huancané area are somewhat complicated, it is believed that exploitation based on a careful interpretation of the geology of the region will eventually yield commercial production of at least modest proportions. In the main fields in Piura and Tumbes, drilling operations were somewhat more active during the first half of the year, than in 1922. The latter half of the year witnessed curtailment, owing to the abnormal situation in the petroleum industry at that time. For the same reason, no attempt was made to obtain the maximum production from existing .wells. Production was pinched down and exportation of crude was correspondingly reduced during the latter half of 1923. Nevertheless, the total production of the Peruvian fields is considerably in excess of that for 1922, as is also the production of the Negritos area alone.

Jan 3, 1924

By J. A. Bowknocker

NATURAL GAS was secured in the Trenton limestone near Findlay, Hancock County, in 1884, and oil in the following year. Drilling was rapid so that the production increased by leaps and bounds; in 1896, it exceeded 25,250,000 bbl., the maximum for the field. Since that time, the yield has decreased steadily and in 1921 was only 1,447,243 bbl. The territory extends as an arc of a circle from near the western end of Lake Erie southwest into Indiana, which it enters in Adams and Jay Counties. Sixteen counties are listed in Ohio but five of them combined had a new production of only 264 bbl. and they might well be omitted. Progress in the Trenton limestone field of northwest Ohio in 1923 is shown in Table 1.

Jan 3, 1924

By Sultan Amerie

PERSIA looms up more prominently each year as one of the richest oilfields in the world. The actual production in the south and the possibilities in both the north and the south are very great. The output in the south, where the Anglo-Persian Oil Co. operates a wide concession, is steadily increasing, the returns for the fiscal year 1922-23 being 2,957,028 tons. The estimated production for. 1923-24 is 3,775,000 tons. The figures for the past few years have been as follows: 1918-19 1,106,415 tons 1920-21 1,743,557 tons 1919-20 1,385,301 tons 1921-22 2,327,221 tons According to the company's last annual report, the production from the -Persian fields operated by its subsidiaries has been well maintained and is now being increased to deal with the expanding off-take of the company's refineries at Abadan, Persia, and Dandarcy, Wales. Test drilling in an entirely different area in Persia indicates the existence of a new oilfield, which it is intended for the time being to hold as a reserve.

Jan 3, 1924

By F. Julius Fohs

TAKING into consideration the present state of geologic knowledge and present economic status of the oil industry, we have attempted to outline the six principal districts in which oil occurs and new pools may be expected. The map, Fig. 1, also shows the location of the present productive pools-about 100 in number. The unshaded areas represent territory where drilling depths to known sands are prohibitive with present development and pumping methods, or such sands are absent or give promise of such small production that deep wildcat tests are unwarranted. They include, also, territory where the oil-source materials are absent or not of the right type; and where shales are insufficient in the stratigraphic section to prevent the escape of oil and gas. Some doubtful districts are also included, such as the Pecos Valley, where the percentage of rigid beds, sandstones and limestones may be too great; and the Nacogdoches oil field, where small shallow production is obtained but where deep or large production is unlikely. The map is not offered as final but in the hope that it may prevent the expenditure of large sums in attempted development of unlikely territory and as the warning that those who drill in the unshaded territory do so at great risk. Those who drill in such territory should have large sums available for pioneering and experimenting and only attempt it if they can well afford to lose the money expended. Search in the shaded or cross-hatched areas is hazardous enough and should only be undertaken after detailed geologic surveys. Out of a total area of 256,000 sq. mi., the oil and gas districts comprise about 80,000 sq. mi.; the territory embraced in these districts is shown in the shaded portions. This may ultimately be increased somewhat by the addition of some minor districts, but such additions will be offset by territory probably now included in the unshaded areas. The shaded areas probably contain 98 per cent. or more of the ultimate production of the state, despite the fact that they represent only 31 per cent. of the total area.

Jan 3, 1924

By P. Martignan

THE year 1923 has seen new developments in the only French wells, i.e., those of Pechelbronn, Alsace. The output of the two pits now in operation totaled more than 75,000 tons, although there was a two months' strike. It is expected that 1924 will see an output of 85,000 tons; and 1925, 100,000 tons. A new pit has just been put in operation (fourth pit; the third not being in operation). The oil and the oil sands are extracted at a depth of 350 meters. Special attention has been given to the development of the distillation and refinery plants, particularly the manufacturing of lubricating oils. The present output of the lubricating-oil factories is approximately 20,000 tons neutral oils; 20,000 tons spindle oils, together with 2000 tons of paraffin. Engineers are introducing the most modern American processes of refinery and distillation. The company has 3000 employees. The capital of the company has just been increased from 45,000,000 francs to 81,000,000 francs. Some other drilling has been done in the Auvergne and Landes districts, and some oil has been found, but in too small quantities for commercial operation. Great hopes, however, are entertained of finding large quantities of oil, and the French Chambers have voted a special fund of 20,000,000 francs for investigating oil in France. Much work has also been done in the Colonies but without much success; oil is found in different districts of Tunis, but in relatively small quantities. In Morocco, drillings have not been successful. A prospecting mission recently returned from Madagascar gave an optimistic report concerning the oil conditions on the Island. Prospectings are being made also in French Indo-China. The present domestic yearly consumption is about: Gasoline 750,000 metric tons, kerosene 70,000 metric tons, automobile lubricating oil 75,000 metric tons.

Jan 3, 1924

By F. W. Davis

This paper deals in a general way with certain of the necessary requirements of refractories for the open-hearth furnace. The refractories in common use for the different parts are discussed both as to the service they are giving and their suitability to withstand existing chemical, thermal and physical requirements. The relation between the service and allowable cost of a refractory is discussed and suggestions are requested on these points. The purpose of this paper is not to report, to the Institute, the results so far obtained in the survey, by the Bureau of Mines, of the metallurgical requirements for open-hearth refractories, but to present an outline that we hope will serve as a basis for discussion. The systematic survey that the Bureau proposes to make has not been outlined, although considerable preliminary work has been done in the way of interviewing open-hearth superintendents in several of the larger steel plants from the Chicago district eastward. At the several conferences so many of the opinions were diametrically opposite, when considering the same point, that it was thought that such an opportunity as the Institute offers in the way of a clearing house for moot metallurgical topics should not be overlooked. For this reason, the paper has been prepared as a basis for a discussion which, it is believed, will be of value in outlining the program of the Bureau. D. A. LYON, Assistant Director. THE importance of securing suitable refractories for metallurgical operations is daily becoming more universally recognized; particularly in the manufacture of open-hearth steel, where the life and earning power of the furnace depends largely on the judgment and care exercised in the selection of the correct quality of refractory for each of the parts. Any innovation that would make available to the steel manufacturers refractories with longer life or better suited to their needs than those now employed, and at a cost that would permit of their use, would be of enormous value to the industry at large. It is quite probable that revolutionary changes would not be necessary. Material now used in some parts of

Jan 3, 1924

By L. G. Huntley

Points out differences between the new, more liberal, law passed by the Colombian Congress and the law passed in 1919, gives a few facts about the pipe-line concession granted to a Canadian company, and tells of new drilling developments. PROBABLY the most important development in the Colombian oil situation during the past year was the passage by Congress of a new petroleum law, which went into effect Jan. 31, 1923. The principal points of interest in which this new law changes or improves the previous one are as follows: Law 120 of 1919 provided that one person or corporation could not acquire more than three exploitation zones. of 5000 ha. each, and royalties were based on a sliding scale, to wit: 6 per cent. royalty on lands 400 km., or more, from the ocean; 8 per cent. on lands 200 but not over 400 km. from the ocean, and 10 per cent. royalty on lands located less than 200 km. from the ocean. Rentals were fixed at 10 centavos per hectare for the first year; 20 centavos for the second year; 50 centavos, third year, and $1 (one peso) yearly thereafter. Under this law the term of the lease was fixed at 20 years and, at the discretion of the government, could be extended for 10 years additional. After the expiration of the lease and its corresponding extension, the machinery and other material placed upon the property would vest in the government. A bond of 20,000 pesos was also required of the lessee to guarantee faithful performance of his contract.

Jan 3, 1924