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By Jan H. Hommen

TRENDS IN MINE FINANCE Reviewing historical trends may help in dealing with future funding strategies. The first trend is the increase in the use of debt to fund corporate America. Surprisingly, when comparing that with other corporates in the global marketplace, the U.S. does not look too poorly. Japanese, in particular, but also German companies, are much more leveraged than their U.S. counterparts. Note that in Japan and Germany the government and the consumer have shown substantial restraints when it comes to credit. Not so in the U.S. where the savings rate (4%) is much lower than that in Japan (20%) and in Germany (14%). As a result, the cost of leverage is substantially lower in Japan and in Germany than in the U.S. Lower debt costs in these countries allows one to obtain more of it for the same price. The close relationships between financial institutions, corporations and governments in Japan and Germany also make the risk of leverage more bearable and understandable. Also note that interest rate volatility in these countries is more subdued. The investor base in common stock is also changing. Private pension funds have been net sellers of equities during the last few years while public pension funds have been net buyers. Individuals are basically out of the market. It is estimated that over $330 billion of equity was retired in the U.S. through 1986-1988. The reasons are well known: restructurings, buy-backs, takeovers, mergers, and buy-outs. This de-equitization is likely to continue as the cost of equity capital is higher than the cost of debt capital, even on a before-tax basis. Because there has been no market for equity since October 19, 1987, junk bonds have replaced equity capital in the corporate finance structure. The non-investor-grade borrower has access to the public markets through high-yielding debt securities that often look like senior equity. Deregulation has also provided 24-hour markets; securitization can now liquify assets that before were rusting on balance sheets; information processing and communication tools give facts that are instantaneously available, creating the need for products to cover risk and exposures unknown before the start of the information and technology explosion. Thus we now have swaps, options, futures, options on futures, caps, as well as program trading, portfolio insurance, index funds, etc. Globalization will be unstoppable. Today's environment demands it. Corporations are now global competitors, even though they may have never shipped a product off-shore. Boundaries are disappearing and impediments have been removed. Stocks can be issued in a global offering with distribution in all major financial centers of the world. The high leverage of Japanese companies has made common stocks very scarce, which with the high savings rate, makes equity capital inexpensive in Japan. If markets were perfect everyone would issue stock in Tokyo and buy it back in New York. This would certainly stop the bleeding on the balance of payments. With the deficit balance of payments in America, it is no surprise that the cost of money is expensive here. The risk-return relationship on U.S. equity is not favorable enough to appeal to Japanese equity investors. The Tokyo-market, helped by a stronger yen, surpassed New York as the most important equity market in the world. The question is, will the Tokyo market hold up when Japanese domestic consumption increases at the expense of savings? In the U.S. debt markets, the plain vanilla debenture is making a comeback after a period of absence. Commercial paper has replaced short term bank borrowings for working capital funding by larger corporations. The banks have made an interesting comeback with loan sale programs that will continue to attract borrowers. There will be a continuing

Jan 1, 1990

By John Chapman, J. C. Vaughan

Although a considerable amount of practical importance attaches to systems involving gases and molten metals, little is known regarding the effects of alloy elements upon the solubility of gases in liquid iron. The solubilities of hydrogen1 and nitrogen2,3 in pure liquid iron arc known and it has been shown that small amounts of silicon and aluminum3 exert only a small effect upon the solubility of nitrogen but greatly increase its rate of solution. This paper presents the results of a study of the solubility of nitrogen, at pressures approximately one atmosphere, in molten iron containing up to 15.8 per cent silicon. EXPEBIMENTAL METHOD There are two general methods by which the solubility of a gas in a molten metal may be determined. In the first, which Sievertsl employed, the gas is measured from a burette into the enclosure containing the metal and the amount absorbed is found by subtracting from the total volume that of the dead space in the container. The second method, which was used successfully for pure liquid iron, is to expose the molten metal to the gas until absorption ceases, then to solidify and analyze the metal. In either method the stirring produced by inductive heating prevents the development of a stagnant layer at the metal surface and ensures actual attainment of equilibrium. Obviously the second method is accurate only when the saturated metal is capable of solidifying without gas evolution. Since the rate of solution of nitrogen in iron is increased by the presence of silicon, it was to be expected that the rate of evolution would be correspondingly increased and for this reason the first method was selected. A sketch of the furnace is shown in Fig. 1. A small high-frequency coil having 17 turns fitted closely around a fused silica tube, 2 in. in diameter, in which was placed, on a bed of 60-mesh alumina sand, an

Jan 1, 1940

By J. C. Vaughan, John Chapman

Although a considerable amount of practical importance attaches to systems involving gases and molten metals, little is known regarding the effects of alloy elements upon the solubility of gases in liquid iron. The solubilities of hydrogen1 and nitrogen2,3 in pure liquid iron arc known and it has been shown that small amounts of silicon and aluminum3 exert only a small effect upon the solubility of nitrogen but greatly increase its rate of solution. This paper presents the results of a study of the solubility of nitrogen, at pressures approximately one atmosphere, in molten iron containing up to 15.8 per cent silicon. EXPEBIMENTAL METHOD There are two general methods by which the solubility of a gas in a molten metal may be determined. In the first, which Sievertsl employed, the gas is measured from a burette into the enclosure containing the metal and the amount absorbed is found by subtracting from the total volume that of the dead space in the container. The second method, which was used successfully for pure liquid iron, is to expose the molten metal to the gas until absorption ceases, then to solidify and analyze the metal. In either method the stirring produced by inductive heating prevents the development of a stagnant layer at the metal surface and ensures actual attainment of equilibrium. Obviously the second method is accurate only when the saturated metal is capable of solidifying without gas evolution. Since the rate of solution of nitrogen in iron is increased by the presence of silicon, it was to be expected that the rate of evolution would be correspondingly increased and for this reason the first method was selected. A sketch of the furnace is shown in Fig. 1. A small high-frequency coil having 17 turns fitted closely around a fused silica tube, 2 in. in diameter, in which was placed, on a bed of 60-mesh alumina sand, an

Jan 1, 1940

By E. C. Harder, E. W. Greig

Bauxite is known mainly as the ore from which aluminum is smelted but it has large use also in the manufacture of artificial abrasives and in the production of a number of useful chemicals as well as of aluminous cement "ciment fondu." An important and growing use is in the manufacture of refractory products. Composition Dana and earlier mineralogists gave the mineral formula of bauxite as A1203.21120 and the composition as A1202, 73.9 pct; H2O, 26.1 pct. A specific mineral of this composition has, however, never been identified by either microscopic, chemical or X ray examination, and therefore it is concluded that bauxite is a rock consisting of one or more aluminum minerals together with impurities. The term is now used synonymously with aluminum ore and it embraces gibbsite (hydrargillite or alpha trihydrate), A1203. 3H20 (A1203, 65.4 pct; H2O, 34.6 pct); boehmite (alpha monohydrate), A1203•H20 (A1202, 85 pct; H2O, 15 pct) ; diaspore (beta monohydrate), A1203•H20 (A1203, 85 pct; H2O, 15 pct), and mixtures in various proportions of any two of them. Bauxite of the Mediterranean region in Europe is predominantly boehmite, as in France and Istria, subordinately a mixture of gibbsite and boehmite, as in Dalmatia, or of boehmite (or gibbsite) and diaspore, as in Greece. The bauxite of North and South America, tropical Africa, Asia, and Australasia consists largely of gibbsite, but boehmite in appreciable amount occurs in many places. Corundum (A1202) is not included un¬der bauxite, although gradations from bauxite to emery or corundum exist. All bauxite, irrespective of the aluminum minerals composing it, contains certain impurities in variable amount, including silica in the form of clay minerals (kaolinite, halloy site, and others) or quartz, iron oxide (as hematite or goethite), titania (as leucoxene or rutile), iron sulfide (as pyrite or marcasite), iron carbonate (siderite), and calcium carbonate (as calcite); the last three mentioned in minor amount and of local occurrence only. Bauxite belongs to a group of partly consolidated materials called laterites, formed by surface weathering. This group includes also impure siliceous, ferruginous, and phosphatic bauxite and siliceous and aluminous iron ores and manganese ores and nickel and chrome laterites. Phosphorus and manganese minerals locally form important impurities in bauxite deposits. Properties Gibbsite is white or light shades of gray, cream or pink. Its hardness is 2.5 to 3.5; specific gravity, 2.3 to 2.4; crystal system, monoclinic, crystals tabular parallel to 001, often fibrous, concretionary, stalactitic; luster, vitreous to pearly; generally translucent; cleavage, parallel to 001; disassociation temperature, approximately 300°C. Boehmite, a relatively new and important mineral described by J. Boehm15 in 1925, confirmed and named by J. de Lapparen64 in 1930, has some properties not yet definitely determined. It occurs in grayish, brownish, and reddish shades. Its hardness is between that of gibbsite and diaspore; specific gravity, 3.01 to

Jan 1, 1960

By G. R. Leverant, C. P. Sullivan

Re crystallized TD-nickel mi-2Th0,) in both coated und uncoated conditions was fatigued at 1800°F at total strain ranges varying .from 0.2 to 0.75 pct. The fatigue life of uncoated inaferal, Nf, was related to the total strain range, ?eT, by (2Nf/021AeT = 0.014. A duplex Al-Cr pack coating increased the fatigue life by about a factor of two. The cracks that led to failure in both coated and uncoated material were initiated at the outer surface, indicating that the mechanical properties of the surface layers were important in determining fatigue life. Crack propagation and subsurface crack initiation in the TD-nickel occurred preferentially at grain boundaries with cavitation at thoria particle-matrix interfaces an integral part of the grain boundary fracture process. The importance of both the grain morphology developed during thermome chanical processing of TD-nickel and the distribution of thoria particle sizes to fatigue resistance are discussed. THE fatigue properties of only a few dispersion-strengthened metals have been studied at temperatures 0.5 Tm;1,2 among these have been lead and aluminum containing oxide dispersions. TD-nickel is a material of interest for application in aircraft gas turbine engines, but little fundamental information is available on its behavior under cyclic loading conditions. In this study, the low-cycle fatigue properties of TD-nickel were determined at 1800°F with emphasis on the 101-lowing; 1) the relation of the grain morphology produced during thermomechanical processing to crack initiation and propagation; 2) the role of thoria parti-cles in the fracture process; and 3) the effect of an oxidation resistant coating on fatigue life. I) MATERIAL AND EXPERIMENTAL PROCEDURE The TD-nickel was supplied by DuPont as a 5/8-in. thick plate which had been subjected to a proprietary series of thermomechanical treatments with a final anneal at 2000°F for 1 hr in hydrogen. The composition of the material is given in Table I. At the test temperature of 1800°F, the 0.2 pct offset yield stress was 15,000 psi, and the elongation and reduction in area were 4.6 and 3.0 pct, respectively. The microstructure of this material has been previously described.&apos; Briefly, it consists of an array of lath-shaped grains, about 0.15 mm in thickness, with the long dimension of each grain parallel to the primary working direction, Fig. 1(a). The presence of very small annealing twirls, Fig. l(b ), together with the absence of extensive dislocation networks, Fig. L/C), indicated that the material was in the recrystal- Table I. Composition of TD-Nickel ThO2 2.3 vol pct C 0.0073 wt pct lex 0.01 wt pct Cr 0.01 wt pct Cu 0.004 wt pct S 0.001 wt pct Ti <0.001 wt pct Co <0.01 wt pct Ni bal lized condition. Commercial TD-nickel sheet has a similar grain size and shape, but unlike the present material is not recrystallized as evidenced by the absence of annealing twins and the presence of a well-developed dislocation substructure.4 The plate material had Young&apos;s moduli in the rolling direction of 22 x 106 psi and 13 x 106 psi at room temperature and 1800°F, respectively, indicating a texture with a strong {100}<001> component in agreement with previous observations on recrystallized TD-nickel sheet.596 The 2.3 vol pct of thoria particles were uniformly distributed although some clustering and stringering of larger particles was occasionally seen. The average diameter of the particles was 450 and the calculated mean planar center-to-center spacing was 2100Å. Two specimens were coated with a duplex A1-Cr pack coating. The coating was somewhat nonuniform from one position to another along the gage length. An area of the coating after testing is shown in Fig. 2. Electron microprobe analysis revealed the following zones in the various lettered regions indicated in Fig. 2: A) a bcc matrix of B-NiA1 with some chromium in solid solution along with a fine dispersion of a chromium-rich second phase which was probably precipitated during cooling from the test temperature to room temperature; B) fcc y&apos;-Ni,Al with some chromium in solid solution; C) porosity; D) a two-phase mixture of a chromium-rich solid solution containing nickel and aluminum and a small volume fraction of a nickel-rich solid solution having approximately the same composition as the immediately adjacent portion of region E, E) the TD-nickel substrate containing chromium in solid solution to a depth of 5 to 10 mils. As expected from the nature of the diffusion processes involved,7 the thoria particles were present only up to the layer of porosity, region C, Fig. 2. The measured thickness of the coating proper, zones A to D, after testing was 1 to 2 mils. The specimen design and testing techniques have been previously discussed.&apos; Stressing was axial and parallel to the lath-shaped grains (i.e., parallel to the rolling direction). The total strain range was controlled between zero and a maximum tensile strain varying from 0.2 to 0.75 pct. (The test at 0.2 pct total strain range was switched to load control at 1030 cycles at which point the peak tensile and compres-

Jan 1, 1970

By Thomas H. Leggett

A number of papers on the use of electricity in mining operations have been presented at the Institute meetings recently, but only a very few of them have given particulars and details of the

Jan 1, 1895

By J. H., R. W. Guard, Westbrook

In 1953 Kornilov and Mints&apos; presented data on thermal expansion and electrical conductivity of the compound Ni3A1 which indicated the possibility of a transformation in Ni3A1 at about 600°C. The present paper gives results of some observations

Jan 1, 1960

By G. Caetani, E. Burt

Jan 1, 1907

Jan 1, 1922

Jan 1, 1922

H. D. HIBBARD, Plainfield, N. J. (written discussion *).-While this valuable and timely paper may not go to the root of the matter, it deals with many of the elements and factors involved. It might be taken as the engineer&apos;s solution of the case, starting with the assumption that steel is steel, while the tendency for a rail to have transverse fissures may, and probably does, depend, in part at least, on conditions met before it reaches the track. Admitting with the author that "brittleness of fracture in all grades of steel is characteristic of fatigue tests" we may yet look farther back to find out, if possible, why some rails and some steels are more prone to have transverse fissures than others, for it has been found that rails from certain heats of steel developed these fissures under a service which

Jan 3, 1918

By Frederick Laist

IT IS obviously impossible to design a copper smelting plant which could be considered, ideal under all conditions. For example, a plant properly designed to smelt the concentrates resulting from the treatment of porphyry ores by flotation would not be the kind of plant that one would design for the treatment of a coarse pyritous copper ore. The smelting of flotation or other fine concentrates is generally accomplished in a reverberatory plant, although occasionally the concentrates are sintered and then smelted in blast furnaces. On the other hand, coarse self-fluxing ores, whether pyritic or semi-pyritic, are generally smelted in a blast-furnace plant. Even this statement is only- approximately true, since the choice will be influenced by many factors; for example, the kind of fuel available (coal, oil or coke), the value of power (electric or steam), the uses to which waste steam may be put (heating, drying, etc.), the cost of refractories (silica and fire brick), the permanence and continuity of the ore supply and the relative first costs of the two types of plant (the reverberatory plant is generally more expensive to construct and to shut down), the contour of the site on which the plant is to be built (rugged, rolling or flat), the intelligence and character of the labor avail-able, and many other factors. From these remarks, it is evident that no copper smelter can be ideal for all conditions of ore and locality, and inasmuch as most of the copper now being pro-duced comes from fine or flotation concentrates and these are generally smelted in reverberatory furnaces, I shall confine my remarks to this type of smelt-ing plant.

Jan 5, 1923

By M. C. Udy, P. C. Rosenthal

THE use of minute boron additions to steel has been given considerable attention in recent years. Comparisons made between boron-free and boron-containing heats of otherwise identical analysis have indicated, beyond a doubt, the potent effect of boron for increasing hardenability. The actual hardenability increase has been expressed as a multiplying factor, or in terms of the percentage of other alloying elements boron might replace, The present study presents the results of a systematic survey of. the use of boron as an addition to two types of alloyed steels and as a replacement for various percentages of molybdenum in these steels, Both cast and wrought steels of the two basic compositions were prepared. Molybdenum, because of its scarcity at the time the investigation was started, was selected as the element to be replaced by boron. Attention was also given to the effects of boron on other properties of the steels, particularly their notched-bar toughness, to investigate other advantages or limitations of this element as an alloy addition. EXPERIMENTAL WORK Steels Investigated The two basic compositions used in this survey of boron as a replacement for molybdenum are given in Table I. The cast steels were higher than the wrought steels in silicon content to improve the casting quality. [ ] Each of these base steels, both cast and wrought, was made with molybdenum contents of o, 0.10, 0.20, 0.30, or 0.40 per cent, the total comprising 20 steels. In addition, each of these 20 compositions . was prepared with boron additions in amounts of 0.0015, 0.003, and o,006 per cent as ferroboron; and in amounts of 0.002 and 0.005 per cent as two com¬mercial intensifier alloys, designated alloys A and B. The boron-treated steels totaled 100, and the entire series 120, Test Procedure Each steel was melted as an individual heat in a 50-lb., magnesia-lined induction furnace. Ingot iron scrap or mixtures of ingot iron and steel scrap were used for melting stock. Deoxidation was carried out in the furnace with o.10 per cent aluminum. The aluminum addition was

Jan 1, 1946

By C. C. Henning

IN any line of human activity logical handling requires an amount of attention to each phase that is in keeping with the importance of that phase. In the complex and rapidly changing field of modern ferrous metallurgy it is difficult to allot the proper degree of attention to the various subjects, and it is not surprising that one or more subjects of major importance should for a time be neglected. Bessemer steel is a good example of a neglected subject. It is largely taken for granted, inferior physical quality is assumed for it, and there is a lack of interest in its technical development and commercial application. Availability of supply is limited. In spite of this technical indifference, limited source and lack of commercial exploitation, bessemer steel con-stitutes a large volume of tonnage in daily use. There is a fairly prev-alent idea even among technical people that bessemer steel survives mostly because of low cost and by reason of a dwindling residue of applica-tions sufficiently common to permit of its use. The difference in cost between bessemer and open-hearth steel is governed largely by the relative cost of manufacture of pig iron and the market price of steel scrap. During the past four years there have been long periods of time during which the price of steel scrap was low enough so that open-hearth steel was considerably lower in manufacturing cost than bessemer. As to application, it may be pointed out that thousands of tons of this material in the form of bessemer screw steel are applied for moving parts in automotive and other equipment. Some forging work and considerable heat treating, particularly carburizing, is performed on this grade.

Jan 1, 1935

By O. W. Ellis

BEFORE entering upon a general discussion of the fascinating, but at present rather controversial, subject of gases in copper, the author feels that some attention should be directed to the work which has been carried out on the solubility of gases in metals. The outstanding contributions to our knowledge of this subject have been made by Sieverts and his collaborators(1) t and by Iwasé.(2) Both the German and the Japanese investigators employed apparatus of the same general design in their investigations. Full reference need only be made, therefore, to the German scheme, which is diagrammatically illustrated in Fig. 1. This, to use the words of Sieverts, which he employed in describing his Burette arrangement of apparatus at the 1928 meeting of der Deutschen Gesellschaft fur Metallkunde(1g): shows a diagram of the usual mode of procedure. A quartz flask contains the metal (for high temperatures a highly refractory porcelain FIG. 1.-SIEVERTS&apos; APPARATUS FOR INVESTIGATING SOLUBILITY OF tube is used) and is connected with the rest of GASES IN METALS. the apparatus by means of a stopcock. The other parts consist of a burette divided into 1/10 c.c., a leveling tube, and art adjus-table mercury reservoir. The burette is connected on one side with the gas inlet and on the other side with the absorption flask; the connection can be interrupted by means of suitable taps. Another tap permits the connection of the flask and the Töpler pump. In an experiment the quartz flask is first exhausted and then a meas-ured quantity of gas is let in from the burette. In the first place the volume of the flask when empty is found by calibration with an inert gas. The pressure is read off on the level tube of the burette, and the temperature measured by means of a thermo-couple whose welded junction lies close to the outside of the quartz flask, which is heated in an electric furnace. In several experiments the quantity of absorbed gas was transferred to a burette by means of a pump and measured.

Jan 1, 1932

By Gearge C. Wallick

This paper describes experimental procedures for the calibration of capillary tubes to be employed as comparison standards in gas flow-rate measurements and considers several types of flow which were observed in the calibration of seven capillaries of varying diameter. It is shown that under certain experimental conditions deviations from Poiseuille flow are observed which may not be attributed to turbulence, and that this flow behavior may be described empirically by introducing the classical kinetic energy correction into the Poiseuille equation. INTRODUCTION Techniques have been developed for the measurement of the volume rate of flow of nitrogen through glass capillary tubes as a function both of the differential pressure applied and of the absolute gas pressure. Capillary tubes thus calibrated are frequently used to determine the rate of gas flow through a porous sample in the measurement of slip-corrected permeability. The purpose of this note is to describe the calibration procedure and to discuss some observed deviations from the ideal flow behavior predicted by the Poiseuille equation. EXPERIMENTAL PROCEDURE The volume flow rate of nitrogen as a function of the differential pressure was determined experimentally for a series of seven glass capillary tubes of varying diameter. As is shown in Table 1, the capillary radii in the series ranged from 0.004 cm for K1 to 0.07 cm for K7. The capillary tubes were cut from capillary tubing purchased on special order from several manufacturers and the bore radii were determined by microscopic measurement. The gas volume flow rate was measured for each capillary tube at a series of differential pressures in the range from 0 to 3 cm of mercury and at average absolute pressures of 1.0, 2.5, 4.0, and 6.0 atm. Experimental Procedure for Small Capillaries A schematic diagram of the apparatus used to calibrate the three smallest capillaries, Kl, K2, and K3, is shown in Fig. 1. By means of a standard Ruska Instrument Corp. volumetric pump (equipped with a synchronous motor drive, two stages of gear reduction, and a quick-change lathe gear box), nitrogen was displaced by mercury from a metal cell immersed in a constant-temperature bath. The pump, the line to the cell, and a part of the cell were filled with mercury. As mercury was forced into the cell, it displaced nitrogen which passed through the capillary tube being calibrated and into a large container with a volume of approximately 30 liters. Since the volume of this container was very large compared to the total volume change of the gas resulting from the action of the displacement pump, the absolute pressure of the system was essentially constant throughout any one run. Prior to any determination this pressure could be set at any desired level by means of an auxiliary nitrogen cylinder. The differential pressure across the capillary was measured with a Meriam Red Oil manometer and recorded together with the corresponding pump displacement rate which was equal to the gas flow rate. By repeating this process for a series of different displacement rates at each of the absolute pressures of interest, the data necessary for plotting the calibration curves for capillaries K1, K2, and K3 were obtained. All calibration measurements were made in a constant temperature room to minimize errors due to temperature fluctuations. In each run. the flow was maintained until equilibrium was established. Experimental Procedures for Large Capillaries The flow rates through Capillaries K4, K5, K6, and K7 required to obtain the pressure drops desired were larger than could be obtained from available constant displacement pumps, and it was thus necessary to employ an alternative calibration procedure. The arrangement of apparatus used in calibrating these capillaries at an average pressure of one atmosphere is shown in Fig. 2. Each capillary was calibrated by flowing nitrogen through the capillary and recording the differential pressure as a function of the flow rate. &apos;The differential pressure was measured with a Meriam Red Oil manometer and the flow rate was determined by collecting the effluent gas over water at constant pressure and recording the increase in volume per unit time after an equilibrium had been established. Appropriate corrections were made for the

Jan 1, 1953

By A. T. Yu

Over the last 80 years the conveyor belt has advanced from the troughed rubber belt to those with standard steel cable cores and those which can navigate curves or climb steep inclines. Now the latest generation of belt conveyors can claim hitherto unheard of capacities of 20,000 tph and single flight lengths well exceeding 16,000 feet. The stranded steel cable core belt is principally responsible for the spectacular improvement in load carrying ability of belt conveyors. The allowable working tension of these belts ranges from 2,500 lb per in. of belt width for 1/4 in. diam cable to 4,000 lb per in, for 3/8 in. diam cable. These ratings far exceed the 240 lb per in. per ply for rayon or nylon construction, and 30 lb per in. per ply for a lowcost cotton fabric.

Jan 1, 1970

By Guy Crane

I. INTRODUCTION THE geology of the Tintic mining district, fully treated, would occupy an elaborate monograph. This less comprehensive paper is devoted primarily to the occurrence and origin of the orebodies of the district, while space is given to those phases of the general geology only which seem necessary to a proper setting of such a discussion. The first geological report on the Tintic district to be issued was that by Tower and Smith, published in 1899, in the form of a paper in Part III of the Nineteenth Annual Report of the U. S. Geological Survey, and also as Folio No. 65, Geologic Atlas of the United States. About four years ago a second investigation was begun by Waldemar Lindgren and G. F. Loughlin, of the U. S. Geological Survey. With the exception of a paper on the oxidized zinc ores of the Tintic district by Mr. Loughlin, the results of their work are still unpublished. The writer&apos;s acquaintance with the district began in the fall, of 1913, and has extended over a period of about two years.

Jan 10, 1915

By Ionel I. Gardescu

During the summer of 1930 the average daily oil production of Rumania registered a new peak at 128,000 bbl. per day. The estimated potential production as of September, 1930, was as high as 235,000 bbl. per day. During the latter part of the year, by mutual agreement, the operators decided to curtail their output to about 100,000 bbl., which brought the average for the year to 116,600 bbl. The total production for 1930 was 41,572,000 bbl. (last month estimated) as compared with 35,757,000 bbl. for 1929, or an increase of 16.3 per cent. over last year&apos;s production. The production for the last 10 years is given in Table 1. The curtailment of production was prorated per company, based on its total estimated potential production as of September, 1930, and not per field. As a consequence, at present there is little development of protected or slightly productive areas; viz., Arbanasi, with an average production of 1750 bbl. per day, dropped to less than one-third after curtailment came into effect. Moreni, with an average production of 92,000 bbl. per day, while producing 58 per cent. of the country&apos;s total output in 1929, went to 67 per cent. at the beginning of 1930 and to 75.2 per cent, towards the end of the year. The modified Mining Law of 1929 is still in effect. This law withdraws the restrictions set on foreign capital by the law of 1924. As a consequence a large percentage of proven state land was alloted through competitive bidding to foreign companies. The Romano-Americana (Standard of New Jersey) acquired several leases in the Boldesti and

Jan 1, 1931

By K. Takahashi, I. Iwasaki

The methyl stretching vibrations for a series of normal xanthates, isoxanthates and normal amines were determined with the aid of an infrared spectro-photometer, and the results were compared with published information on the corresponding alcohols. The frequency shifts of methyl stretching vibrations may be attributed to the inductive effect of polar groups. The hydrogens in the shorter chain alkyl groups are somewhat polar and can be expected to interact with water molecules by hydrogen bonding. Contact angle, surface tension lowering, solubility, and critical micelle concentration appear to be related to the induced polarity of the alkyl groups. Traube&apos;s rule states that in homologous series of compounds solubility decreases and surface activity increases regularly with the size of the hydrocarbon group. Analyzing the work of transfer of a solute from solution to surface, Langmuir&apos; interpreted this rule to mean that each CH2 group added to a molecule produced its effect independently of the others. It is also well known2 that the maximum equilibrium contact angle with sulfhydryl collectors is independent of the polar groups and of the sulfide minerals, and that it increases to a certain limit with the number of carbon atoms in the alkyl group. This observation is thought to demonstrate the orientation of the collector molecules at the sulfide surfaces. The dependence on the hydrocarbon chain length is usually explained as due to the screening of the force field of polar mineral surfaces.3-5 Here again, Langmuir&apos;s principle of independent surface action appears to be implied. Heteropolar compounds consist of nonpolar and polar groups, the former being the hydrocarbon group and the latter containing such electronegative atoms as O, N, S, P, or halogens. According to Palit6 the hydrogens in the alkyl groups are more electroposi- tive than in the paraffins owing to the negative inductive effect of the polar groups and a possibility that a hydrogen bond with water molecules ensues. Goto and Takenaka7 provided direct evidence of the inductive effect by measuring the shift of the C-H stretching vibrations of alcohols, acids, and alkyl bromides with an infrared spectrophotometer. Their approach appeared to be directly applicable to the studies of surface activity both at air-water and water-mineral interfaces encountered in flotation systems. The present article attempts to relate the C-H stretching vibrations of alkyl xanthates, alcohols, and amines with such flotation chemistry parameters as contact angle, surface tension lowering, solubility, and critical micelle concentration. MATERIALS AND METHODS Normal xanthates from methyl to octyl inclusive and the isopropyl, isobutyl, and isoamyl xanthates used in this investigation were prepared in the usual manner.8 Normal amine hydrochlorides with carbon chain lengths of 1, 2, 4, and 6 were from Distillation Products Industries, of 8 from Archer-Daniels-Midland Co., and of 10, 12, 14 and 16 from Armour and Co. Normal propylamines, pentylamines and heptylamines from Distillation Products Industries were used both as received and as hydrochloride formed by converting the amines according to the procedure described by Li9 Perkin-Elmer Model 521 and 621 infrared spectro-photometers were used to investigate the spectra in the frequency region of 3050 to 2800 cm-&apos; with frequency scale expansion. The accuracy of the frequency readings was within + 1 cm-1. The KBr micropellet technique was used to prepare the xan-thate samples for measurements, and the halocarbon mull technique was used for amines and amine hydrochlorides. EXPERIMENTAL RESULTS Fig. 1 shows the CH3 asymmetric stretching vibrations as a function of the number of carbons in the alkyl group for normal xanthates, isoxanthates and amines. Also included in the figure are data for normal alcohols and isoalcohols taken from the article

Jan 1, 1970