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By Walter Miller

With returning prosperous conditions in all industries, oil-refinery engineering has found opportunity for the more extensive application of improvements developed during the several years of depression. The year has brought out little of an entirely new nature, but much in wider application of previous worth-while developments. The greatest volume of work done has been in modernizing the distillation and cracking units of existing refineries, particularly by substitution of combination skimming and cracking units for older equipment, and the installation of cracking plants in smaller refineries where formerly only skimming was practiced. A number of entirely new refineries were installed during the year, two of the most important being the 20,000-bbl. refinery by the Atlantic Refining Co., at Atreco, Tex., and a 12,000-bbl. plant by the Wilshire Oil Co., at Norwalk, Calif., these two embodying some of the latest developments in cracking and treating. Total refining capacity for the United States is now reported as being something over 4,000,000 bbl. per day, but a movement is on foot looking to a complete revision of these figures, as experience has indicated not only some overstatement of capacity of equipment but that considerable equipment is included which because of obsolescence and location will probably never be run again. The 3,000,000-bbl. figure which the industry reached during the year's high consuming period required the operation of probably 95 per cent of the country's efficiently usable capacity. Cracking and Polymerization There were no new outstanding developments in the cracking field, progress being made largely in the further refinement of known principles. Improvements in furnace design and operation have been largely in permitting closer control of the heating curve through the cracking-tube system, assisting in more uniform yield and in the lessening of coke deposition, and permitting longer trouble-free operating time as well as reduction in furnace-maintenance cost. Actual operating polymerization capacity has been increased little during the year, but a number of projects have been started, some nearing completion, the production from which will be available during 1937.

Jan 1, 1937

By Cecil H. Desch

THE progress of metallurgical practice and the demands made by the engineering industry on our foundries and mills have made the crystalline structure of metals a subject of far more than academic interest. Metals and alloys are made up of crystals. Even if we accept the view, so ably maintained by some metallurgists, that the crystals are separated from one another by an amorphous layer, it remains true that all but a very minute fraction of any metallic mass is crystalline. The conditions which affect the growth of crystals are therefore of importance in metallurgy. It is not only castings whose properties depend on the arrangement of their crystals, for the more we learn of the behavior of forged, rolled and drawn metals, the more certain it becomes that it is profoundly influenced by the size and arrangement of the crystals in the original ingot, deter- mining a structure which may persist in a modified form through a long series of mechanical operations and annealings. This is mainly due to the concentration of much of the impurities in the last portions of the liquid to freeze, so that the boundaries between single crystals or groups of crystals are marked out by a zone of segregated material, differing in properties from the mass, and offering a barrier to diffusion and equalization of composition throughout the whole. The importance of this fact has been fully recognized by steel manufacturers, who have to deal with ingots which are sometimes very large, and are cast at a high temperature, containing impurities which have a marked effect on the properties even when present in very small quantity. For this reason the Iron and Steel Institute has set up a committee to examine the whole question of the heterogeneity of steel ingots,(l)f and a report has been issued, containing an account of the structure of 16 ingots, ranging in weight from 15 cwt. to 172 tons, each of which was sectioned and examined by chemical analysis and by etching. A valuable body of data concerning segregation has thus been collected. The work of the committee is being prosecuted with great activity, and at the same time researches are in progress to determine the physical

Jan 1, 1927

By Clinton M. Young

(Pittsburg Meeting, March, 1910.) I. INTRODUCTION. THE experiments herein. described were carried on in 1908-9 . by the State Geological Survey of Kansas. Some months before taking up work on black powder the Survey had resumed work on an interrupted investigation of explosions in coal-mines, a subject which is engaging the attention. of numerous investigators. An unusual number of serious disasters has directed to. the subject a study which discloses the disquieting fact that, in the. United States, the ratio of lives lost per ton of coal mined has been on the increase. Methods of coal-mining have changed to some extent with the great increase of output, attained in, comparatively recent years. These changes involve the working of very extensive mines, with increased difficulty of ventilation, increased accumulation of coal-dust, and. a very great increase in the amount of explosive used.. . This last point assumes truly startling proportions when it is carefully observed. In the fields of the Middle. West it is not now uncommon for a miner to use six ,kegs (150 lb.) of black powder in a "pay" of two weeks, while within the memory. of men still active, one keg (25 .lb.) would last two men for a " pay." So. great has . the use of explosives become in some fields that the skilled coal-miner is hard to find, and the coal is not mined, but blasted. A preliminary study of the subject. of explosions in coal-mines has. led to the belief . that the use of, large -quantities of explosives, in some cases by slightly-trained men, had not been * Associate Professor- of Mining Engineering, University of Kansas, Lawrence, Ran.

Aug 1, 1910

By E. C. Burke, W. R. Hibbard

G. B. Craig (University of Toronto, Toronto, O,nt., Canada)—The advent of pyramidal slip at room temperatures in a magnesium crystal (M2,) and the very low value reported for the critical shear stress are puzzling. Table I1 shows the calculated values (approximate) for sin x cos I in this specimen if all the (10l) planes are considered. If So is the shear stress resolved in the direction of glide, on the glide plane, and U, is the stress operative in yield point tests, then: S,, — 325 (0.169) 55gpersqmm (approximately) for 1101: S,, = 325 (0.465) = 151 gpersqmm (approximately) for (0001): S,, — 325 (0.101) - 32.8 gpersqmm (approximately) Thus, we see the pyramidal plane in which the minimum shearing component operated. Barrett"' stated: "Experiments have repeatedly shown that, when there are several crystallographically equivalent slip systems in a crystal, the one having the greatest resolved shear stress will become active. ..." It does not appear to me that the measurements given are conclusive proof that pyramidal slip operated. E. C. Burke and W. R. Hibbard, Jr. (authors' reply) —Although the low value for the critical resolved shear stress for pyramidal slip may be puzzling, there does not appear to be any basis for questioning the validity of the measurements. Under the influence of constraints, slip systems having decidedly lower shearing components may become operative, e.g., "cross-slip" or the "forced glide" in magnesium reported by Bakarian. Since we believe that pyramidal slip occurred in the specimen because basal slip was inhibited, it is not too surprising to find an operative plane with a lower shear stress. -7 C. S. Barrett: Structure of Metals U94jl p. 2J6. New York. McGraw-Hill Book Co.

Jan 1, 1953

By G. R. Hodgson, M. P. Lebourg

The introduction in the field of a new type well completion called for the setting of tubing open-ended in the well before perforating the casing. This paper describes a new perforating tool of the shaped charge expendable type, small enough to pass through tubing and powerful enough to perforate the casing. The perforations are produced at an angle and are large enough for optimum production. Performance of this tool in targets and under various well conditions is described. Very often no lifting equipment will be available at the well. In some cases, pressure will exist in the well at the time of the perforating operation (workover wells or multiple trip perforation) ; therefore, new equipment and new technique for the perforating operation were devised. This paper describes this equipment and technique, particularly casing collar recording, sheave support, and cable pull-down device. this last item being necessary for wells under pressure. Results obtained with this tool in the field are given. INTRODUCTION One of the key requirements for the introduction in the field of a new method of permanent well completion was the development of a new perforating method involving the use of a perforating gun small enough to go through tubing and with enough penetrating power to perforate the casing satisfactorily. The equipment described in this paper was basically designed to go through open-ended two-in. tubing and to perforate 5 1/2 in. casing. The equipment is illustrated in accompanying figures. NEW COMPLETION METHOD With the new permanent type well completion, the production string of casing is run and cemented through the potential producing zone. Open-ended tubing is -then run into the well and used to replace the drilling fluid with oil or water. The amount of the oil or water "cushion" can be varied according to the expected bottom hole pressure. Thus, if desired, the hydrostatic head can be greater, equal to, or less than the expected pressure within the zone to be perforated. Mud having been displaced, the tubing is -then positioned so that the end is above the zone to be perforated. The Christmas tree and flow lines are installed and tested. The drilling rig can now be removed from the well since it is not necessary for the perforating operation, thus resulting in a saving in rig tme. The perforating equipment is then moved to the well and the gun lowered through the tubing. After the gun passes out of the open end of the tubing, the depth measurements are correlated with casing collars and the gun placed opposite the zone to be perforated. Upon firing, the gun body is shattered and falls to the bottom of the well. Since the lubricator has been closed before firing, it is possible to withdraw the casing collar locator and head and then open the well immediately to the tanks. DESCRIPTION OF GUN An investigation of two basic types of Perforators, namely a bullet perforator and a shaped charge gun, was undertaken towards the development of a gun to meet the aforementioned requirements. Preliminary tests on various bullet perforator designs within the diameter limitations did not give results encouraging enough to warrant further study. Somewhat better results were obtained by using conventional shaped charges; but, as in the case of the bullet types, the necessarily small overall diameter proved to be a severe limitation and resulted in insufficient penetration. A shaped charge employing a new design was developed which gave excellent penetration. These shaped charges were designed to produce a large hole directed upward at a 45" angle. In order to obtain the maximum space possible for these charges, it was decided to use an expendable carrier made of drillable material, usually aluminum, which would shatter at the time of firing, leaving only harmless fragments at the bottom of the hole. The fixed spacing is five shots per ft. wit11

Jan 1, 1952

Jan 1, 1900

By Arnold K. Reese

It is not the purpose of the writer to set forth in these notes anything new or surprising in blast-furnace practice, but simply to lay before the Institute the somewhat unusual results obtained during a period of six consecutive months, ending April 30, 1896, at the Dover furnace of the Penn Iron and Coal Co., and to give, with these results, the conditions under which they were obtained, and all figures pertaining to that period. This plant was entirely rebuilt, on thoroughly modern and improved plans, in the spring of 1895, by Frank C. Roberts & Co., of Philadelphia.

Jan 1, 1898

THE Institute of Metals Division of the A. I. M. E. has joined with the American Society for Steel Treating and the American Welding Society in support of National Metal Week in Philadelphia, Oct. 8 to 12. Individual and joint technical sessions, plant inspection trips, and a general exposition to be held in Commercial Museum have all been arranged. With the coming of the Institute of Metals Division into the circle, the scope of the exposition has been broadened to cover non-ferrous metals, and exhibits of much interest are promised. Headquarters for the Institute of Metals and the American Society for Steel Treating will be at the Benjamin Franklin Hotel, and for the American Welding Society at the Bellevue-Stratford. The American Society for Steel Treating and the Welding Society will hold technical sessions each forenoon at their hotel headquarters. The Institute of Metals Division will hold sessions Tuesday morning and Wednesday and Thursday afternoons; that for Wednesday being a joint session with the American Society for Steel Treating. The latter society will hold independent afternoon sessions on Thursday and Friday. Registration and information desks will be open at the hotels throughout the week, and an attractive program of entertainments has been arranged.

Jan 1, 1928

By J. E. Forciea, R. W. Salmi

Operating and research personnel at U.S. Steel's Pilotac concentrator have evolved specifications for magnetic separators suitable for use in beneficiation of Mesabi magnetic taconite. These specifications were developed as a result of investigations into the operating and metallurgical problems at the Pilotac concentrator over a period of some ten years. This paper discusses primary magnetic separator specifications, but much of the information is also pertinent to secondary and tertiary magnetic separators. Of particular significance is the proposal of a new basis for specifying the magnetic field which includes consideration of both field strength and field gradient. Other areas of discussion include flowsheet service, operating conditions such as drum speed and pulp level, tank configuration, magnet strength including field gradient, sleeve bearing design, designation of corrosion resistant materials and other details that result in a metallurgically efficient machine that has low repair and maintenance requirements. The mechanical and metallurgical design of magnetic separators at the Pilotac plant, Minnesota Ore Operations, United States Steel Corp. has progressed from the original single-stage, belt-type machines to the present multiple-stage, drum-type units, In ten years of operation, the plant operating and research personnel, in consultation with manufacturers, have made design changes to improve mechanical, electrical and magnetic features to meet process needs as flowsheet designs developed and to incorporate new permanent magnet materials as they became available. Separator specifications were an end result of this effort. The latest specifications which were developed for the Minnesota Ore Operations' plant were not all-inclusive listings; they covered only those points indicated by plant experience. For example, magnet pole piece design and dimensions were not stated. The manufacturers were given freedom to use any design as long as the field pattern was as specified. The selection of the items to be included in the specifications was undoubtedly influenced by particular conditions at Pilotac such as composition of plant water, concentration characteristics of the ore, repair and maintenance facilities available and the research programs that had been conducted. Only the developments leading to the specifications for a primary or "cobber" magnetic separator are presented in this paper. However, the same general concepts are used to specify secondary and tertiary separators. The areas of interest discussed include flowsheet service, tank configuration, magnet design, bearings, materials of construction, and some minor mechanical details. FLOWSHEET SERVICE The primary magnetic separators in the Pilotac Concentrator flowsheet are located after the first stage of grinding as shown in Fig. 1.

Jan 1, 1965

By OTTO HERRES

TITANIUM is estimated to be the ninth most plentiful element, ranking after iron, aluminum, and magnesium, and ahead of copper, lead, and zinc. Vast quantities of titanium are widespread throughout the world in ore deposits and beach sands. Before the war, processing plants were operated in England, France, Italy, Czechoslovakia, Norway, Russia, Australia, United States, and Japan. In spite of its widespread occurrence, however, the U. S. Department of Justice has held the titanium industry to be a world monopoly and action was taken in the Federal court during the summer of 1945 to enjoin international patent and marketing agreements and to restore free competition. Possibly the rather surprising lack of public familiarity with this industry of international importance arises from its astonishingly rapid development and growth in the strong hands of some of the greatest chemical companies in the world, including the important foreign companies, Imperial Chemical Industries (British), Montecatini (Italian), I. G. Farben (German), and Titan Kogko Kabushiki Kaisha (Japanese). The rapid growth of the titanium industry in the United States is indicated by a tenfold increase of ore imports in the 1930 to 1940 decade before the war began to affect shipments from overseas. The fact that the industry formerly derived practically all ore for chemical processing in American plants from foreign sources probably also accounts for lack of general public knowledge of titanium. In 1939, to meet the requirements of increasing demand for the white pigment. titanium dioxide, more than 250,000 tons of titanium concentrates moved to this country, principally from the Travancore coast of India where the ilmenite concentrate from the beach sand runs as high as 60 per cent in titanium dioxide. Global warfare put a stop to shipping and thus gave rise to the development of titanium mining on a substantial scale in the United States during 1941.

Jan 1, 1946

By E. H. Citron

CLEANING fine coal in jigs is not new in Europe, where the feldspar jig is being used almost exclusively for this purpose. A feldspar jig operates with an artificial bed made up generally of feldspar or other hard rock material. Dimensions and specific gravity of this material must be of suitable values for good bedding qualities. For good efficiency, the size should range between 1x2 in. and 2x2x½ in. thick. The disadvantage of an artificial bed is that it is not mobile and must be replaced every so often with new material to obtain good cleavage characteristics. A semi-mobile bed has been developed to retain only a part of the feldspar on the sieve screen— the other part is drawn off with the refuse material, from which it is reclaimed and returned to the jig feed. Recirculating this feldspar rock offers definite advantages. However, in time it will lose its original shape because of wear, and new bed material must be added to the jig feed. The latest feldspar jigs arc generally air-pulsated, Baum-type jigs, although more than 70 pct of the feldspar jigs operating in Continental Europe are still of the piston type. These jigs are very popular in Europe, but they do require a great deal of time and attention. New Theory to Eliminate Artificial Bedding: At the preparation plants of Pittsburg & Midway Coal Mining Co. it has always been the contention that a small piston-type jig could be developed to clean fine 1/4x0-in. coal down to 28 to 60 mesh efficiently by obtaining and admitting bedding material from the present plant refuse circuit to the jig feed. This eliminates use of artificial bedding materials. The jig should incorporate these essential adjustable features as follows: Adjustable Sieve Screen A screen that can be raised and lowered to increase or decrease washing compartment depth. The sieve screen also can be set on an incline level, or decline. Adjustable Plunger Eccentric Length of stroke can be adjusted to increase or decrease pulsion and suction. Variable Plunger Speed Variable speed reducer for decreasing and increasing the number of strokes per minute. Water Distribution Adjustable baffle plate separating the plunger and sieve compartment so the water can be distributed uniformly over the entire sieve screen area. Refuse Ejector Special unique rubber-type refuse ejector gate operated by air and electrically controlled (as a conventional jig). Automatic Control Conventional float that measures the specific gravity of the coal-water refuse medium in the jig is of the submerged type. The float is mounted on a vertical stem held in position by two parallel arms. A movable weight regulates the effective specific gravity of the float. The float stem can be raised and lowered, having a graduated scale to indicate the depth of bed for the setting of the float. Hutch Drawoff Hutch material is drawn from the cell compartment to the elevator compartment by gravity. The first one-cell experimental jig incorporating all these features was built in January 1955 by Ore

Jan 1, 1959

By Howard N. Eavenson

AN analysis of the bituminous coal situation by an authority who traces the production, mining, safety, markets and labor trends in comparison with other fuels. BEFORE 1918 the production of coal experienced a steady growth, with slight recessions in ouput in only twelve years (1837, 1841, 1852, 1855, 1861, 1874, 1876, 1889, 1894, 1905, 1909, 1914), and in each of these cases the loss was recovered in the following year and the increase continued. In each decade the output was doubled. Prices, while not high, allowed some profit. In 1918 during World War I, an output of 580 million tons was reached and with the exception of 1923 this total was not again reached until 1942, in World War 11. Losses of output in this period were much greater than ever before; in 1932 the total was 270 million tons less than in 1918 or 1923, and the loss after 1923 was not recovered until 1942. The greatest output was 631 million tons in 1947.

Jan 1, 1950

By Thomas R. Stauffer

The principle that conventional schemes for taxing petroleum or mineral resources are "inefficient" is illustrated using simulation calculations tested against an "ideal" system. Inefficiency is defined as the relative success in maximizing expected government revenues from the resources. Most systems fail because: 1) they leave oil in limbo, i.e. unproduced because of excessive fiscal burden; or 2) they unnecessarily increase the variance in the explorationist'c, rate of return by undertaxing large fields and overtaxing smaller but infra-marginal fields. This increases his discount rate and reduces taxable surplus. An "ideal" tax system is specified which maximizes government revenues while minimizing risk to the operator. Two criteria are developed: 1) the tax falls to zero on fields which yield only the minimum necessary rate of return ("marginal" fields); and 2) the after-tax present value of all fields is the same for all fields above a threshhold size. In particular, marginal fields, while contrib- uting little to expected values, do contribute to reducing variance and hence risk praemia by distributing the exploration costs over a higher probability of successful outcomes.

Jan 1, 1982

By James Gayley

(Wilkes-Barre Meeting, June, 1911.) THE paper presented to the Institute in 1910, by H. 0. Hofman, on Recent Progress in Blast Roasting,1 has called the attention of the iron industry to the adaptability of these processes to the reclamation of by-products such as flue-dust and blue billy, and the better preparation of concentrates and fine ores for use in blast-furnaces. The waste of valuable iron-ore through the production of flue-dust has increased at an enormous rate, and much of it has in reality been wasted as far as future recovery is concerned. Only in recent years has a possible future value been recognized, and the material stored. The increased use of Mesabi ores, which carry considerable fine ore, is principally responsible for the great increase in the production of flue-dust. The amount of fine material that is carried over depends on the fineness of the material and the velocity of the gases, and also to a very great extent on the regularity or irregularity of the working of the furnace. Attempts to recover a part of this loss have been made by recharging a portion of the production into the furnace, but as this material has been once carried out from the furnace, it is naturally in good shape to be carried out again. A recent practice at some works, is to soak the flue-dust thoroughly with water to give it more cohesiveness, but by many this is considered of doubtful advantage in the furnace, and the gases are in consequence heavily laden with moisture. There are vast deposits of magnetic iron-ores in the United States and Canada that are too low in iron for use at the present time, but which can be economically concentrated into very rich material ; in many cases the fineness of crushing necessary to secure proper concentration has prevented their

Aug 1, 1911

"Located on the Big Hole River, three miles from Divide, Montana, and 21.75 miles from Butte.Built in 1899.DAM: Rock-filled wooden crib, 512 ft. long and 57.5 feet high.SPILLWAY: Equipped with flash-boards 189 ft. long, 8 ft. 10 inches high.PENSTOCKS: Two 8 ft. diameter of steel, each branching and supplying two wheels.WHEELS: Four double horizontal, double discharge turbines, made by The James Leffel & Co., 1,000 h-p., 180 r. p. m., direct connected to generators, operating at 60 ft. head. GENERATORS: Four G. E., revolving field, 750 k-w., 180 r. p. m., 800 volt, 3 phase, 60 cycle alternators.EXCITERS: Two water-wheel driven exciters.TRANSFORMERS: 12 250-k-w. G. E. air blast, primary 15,000 volts, Secondary 800 volts.OPERATION: The plant operates essentially as a peak load plant. Except in flood period, there is insufficient water to operate at full load continually. In December its average output is about 500 k-w."

Jan 1, 1913

By PHILIP N. MOORE

THE problem of managing the policies of the Institute so that a middle course may be drawn between the close control of a few who are so situated that they can give continuing attention and intermittent control by occasionally present directors presentation .of the subject is to bring clearly before the membership of the Institute a summary of the attendance at the Directors' meetings for the past four years.

Jan 1, 1924

By D. L. Rainey, E. R. Goter, W. R. Hudspeth

THE area in which spodumene-bearing pegmatites occur extends from Gaffney, S. C., in a northerly direction to Lincolnton, N. C., a distance of about 16 miles. The zone averages 2 miles in width. Interest in this area was first aroused by the discovery of small amounts of cassiterite in the peg-matites and in greissen which occurs on the walls of some of the pegmatites. Attempts were made from 1880 into the 1920's to mine and concentrate cas-siterite, but there were no successful operations. In 1935 L. M. Williams became interested in the area and began prospecting by trenching and sinking several small shafts. He gradually gained control of a considerable acreage south of the city of Kings Mountain, N. C. Mr. Williams states that he produced some ore from a shaft which he shipped to the Maywood Chemical Co. in the late 1930's. In 1937 G. H. Chambers of the Foote Mineral Co. visited the area and examined several properties, but the lithium market was too small to support the necessary concentrating plant. Early in World War II the Solvay Process Co., encouraged by various federal agencies, acquired the Williams properties and leases and started a drilling program to develop reserves for spodumene mining. A study of this area was also made under T. L. Kesler by the U. S. Department of the Interior Geological Survey. Starting in 1942 a concentrating plant, water supply dams, and shops and other buildings were constructed. The Superior Stone Co., a neighboring crushed stone operator, was awarded a contract to mine and crush the pegmatite ore. Late in 1943 the plant started operations, which were continued until February 1946. A drop in demand for lithium chemicals forced it to close and remain closed for several years. In 1948 the Foote Mineral Co. became interested in assuring itself a source of lithium ore on the North American continent, to be used in the production of lithium ore chemicals, and inspected properties in Canada, South Dakota, and North Carolina. The North Carolina deposits were the most promising. In the fall of 1950 the company leased the Solvay interests with option to buy and acquired additional properties. Renovation of the mill and preparation of the quarry for mining was begun in earnest in January 1951. A new crushing plant was built and construction started in July 1951. The flotation process used was developed in the North Carolina State Minerals Research Laboratory located at Asheville, N. C. Foote is now in the process of expanding its production. The crushing plant is being revamped and much of the old milling equipment purchased from Solvay will be replaced by new. Mining equipment of suitable capacity has been received and is in use. The frontispiece is a general view of the mill. The orebodies consist of pegmatite dikes composed of fine-grained albite and quartz, with varying amounts of mica and spodumene. The latter may amount to as much as 50 pct of the rock, but the overall average is about 15 to 20 pct. Tin, columbite-tantalite, beryl, and other valuable minerals are present in varying small amounts. These dikes, which intruded into the Roan Gneiss underlying most of the Piedmont area, strike approximately N 30 E and dip about 85" to the west. The gneiss has the same strike but dips about 70" west. The dikes lie in a belt extending from Lin-colnton, N. C., to Gaffney, S. C., and passing through

Jan 1, 1954

By Frank G. Breyer

THE .following developments in the zinc field during 1935 are listed in the order of their importance. Each will he amplified in later paragraphs. In the field o f Metallic Zinc: (1) Construction of further continuous vertical retort smelting capacity in the United States and Germany. (2) Expansion of fractional distillation capacity in the United States. (3) Great expansion in the zinc-base die-casting industry in the United States and abroad. (4) Wide acceptance of heavy galvanizing by the steel industry. (5) Construction of the first commercial wire electroplating plant for putting on heavy coats of pure zinc. (6) Firm establishment and appreciable expansion of the practice of using zinc dust as a reducing agent in the organic chemical industry.

Jan 1, 1936

By J. B. DILWORTA

Ix estimating the investment-value of a mining-property or plant, the value of which decreases with operation, it is often necessary to know the sum which must be set aside periodically from earnings either to renew the plant at the end off its life, or to return the capital involved when the earning-power of the investment has ceased. In such cases it is manifestly incorrect simply to divide the total amount to be retired by the number of periods (usually years) during which the investment shall be active, as the sums periodically withdrawn have a certain interest-earning power varying with the length of time they are held and with the opportunities afforded for their investment. But though the interest may be considered to accumulate regularly year by year, yet the rules and tables for compound interest do not apply, owing to the addition of a fixed amount of new money to the total at the beginning of each period. Briefly stated, the problem of sinking-funds is, to find the amount of money which must be periodically set aside at a certain rate of interest, regularly compounded, to yield a certain sum in a given, length of time. In most practical cases the interest is compounded and the fresh amount added at the same time-usually once a year-and on this basis the problem may be solved as follows

Nov 1, 1909

By J. Burns Read, Charles H. Fulton

A previous article1 by the authors contained a general description of the new roasting furnace herein described but it did not go into detail as to the metallurgical behavior or the results obtained. Believing that such information would be of great value, they have elaborated on the subject and have given many unpublished details. The furnace described applies the principle of roasting finely divided zinc-sulfide ores, now produced in large quantity by the flotation process, in gaseous suspension; that is, the ore particles are carried, in suspension, in a current of air and gaseous products of the roast. The relatively great fineness of flotation concentrate presents difficulties and problems of roasting in furnaces of the ordinary type; the fine ore is forwarded through the furnace in the form of a shallow bed and its very fineness leads to dense impervious bedding which prevents oxygen from reaching the interior of the bed, thus unduly lengthening the time of roasting and preventing the elimination of the last of the sulfur. The fineness of the concentrate, normally, should lead to a rapid and complete roast, for the speed of roasting is a function of the surface exposed to oxygen, which surface is greatest, per unit of weight, in very fine material. The difficulty in bed roasting is to get the oxygen to the particle. If the fine ore, during the roasting, could be freely suspended in oxidizing gases, full advantage could be taken of the great surface conferred by its fineness. This fundamental idea, of course, is not new, for the Stedtefelt furnace, familiar to the older metallurgists, is an example of it; but the manner in which this is accomplished may be new. The numerous efforts to roast in gaseous suspension show that the idea is attractive; in fact, an analysis would indicate that it is the most reason-

Jan 1, 1925