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For the benefit of those of our members who are considerable holders of securities, but owing to their isolated situations are not in close touch with the metropolitan market and current quotations, we are publishing PRICE TREND OF NEW YORK BOND MARKET This graph shows the average prices often railroad, ten industrial and five public utility bonds on the first business day of each month from January, 1915, to December, 1918, and the weekly fluctuations since January 1, 1919. two very interesting graphs, showing the course of the bond and stock markets in New York over a long period. These graphs are furnished through the courtesy of the financial department of the New York Tribune.

Jan 4, 1919

Committee of Arrangement E. P. MATHEWSON, Chairman. FRANK M. SMITH, Vice- Chairman D. C. BARD, Secretary, Montana State School of Mines, Butte, Mont. OSCAR ROHN, JAMES L. BRUCE. On Aug. 20, 1913, the following 30 members of the Institute residing in Montana made written application to the Board of Directors of the Institute for authority to establish a local section of the Institute to be called the Montana Section, with headquarters at Butte, and having such territory as may, later be determined on. This petition was granted by the Board at its meeting in Butte, Mont., Aug. 20, 1913. The committee named at the head of this paragraph was appointed to' arrange for permanent organization of this section.

Jan 9, 1913

Rep. William S. Hill (R.- Colo.) will preside over a Congressional hearing investigating the problems of the mining industry to be conducted in Phoenix, Ariz., late in April. Rep. Hill has expressed the desire to hear from the industry itself all possible testimony on the needs of domestic mining and how Congress can help. Rep. John J. Rhodes of Arizona is also expected to attend the hearing. Two new features are incorporated into an SO2 process for treatment of low grade manganese ores disclosed by Chemical Construction Corp. The new approach includes a high temperature autoclaving step and a sintering operation. Data was given for work performed on Cuyuna Range ores.

Jan 4, 1953

A $5000 contract to explore for asbestos in Marinette County. Wis., has been entered into between the Government and the Star Mining Co. of Madison, Wis. The Government will contribute 90 pct or $4500 to the cost of the project. The United States presently produces about 8 pct of its asbestos requirements. "Sulphur stockpiles are at a minimum for national security arid must not be further reduced," was the warning given by L. M. Williams, Jr., president of Freeport Sulphur Co. He stated that although the long-range outlook is favorable , current sulphur production cannot meet the demand and as a result the United States faces a crisis in the coming months.

Jan 12, 1951

By J. Wright, R. J. Tyler

Abstract-Changes in the pore structure of hematite pellets during reduction to iron were investigated under a variety of experimental conditions. Pore structures were determined by a mercury penetration technique. The reduction temperature was found to be the major influence on structure, the pore system being bimodal below 750°C and unimodal above 900°C. Pore sizes ranging from 0.04 to 20 [um] were observed in completely metallized pellets produced over the temperature range 650-1050°C. Gas composition and reduction rates also influenced the pore structure of the metallized pellets, although to a lesser extent than the reduction temperature. An apparent activation energy of 24 kcal/mole was derived for the pore formation ptocess.

Jan 8, 1978

NEW YORK LOCAL SECTION Executive Committee LEWIS W. FRANCIS, Chairman WILLARD S. MORSE, Vice-Chairman. THOMAS T. READ, Secretary, Woolworth Bldg., New York, N. Y. PHILIP A. MOSMAN, Treasurer Louis D. HUNTOON WILLIAM A. POMEROY The October meeting of the New York Local Section was held on Oct. 2 at 1424 Broadway, following a beefsteak supper, at which 71 members were present. B. B. Thayer spoke briefly on present labor conditions at Butte, A. A. Blow discussed labor conditions in New Zealand, and Hennen Jennings discussed the fundamental problems of industrial unrest. Several other members joined in the informal discussion which followed. The next meeting will be held on Nov. 7. THOMAS T. READ, Secretary.

Jan 11, 1914

By R. A. Wyman

KYANITE schists in the Sudbury area have been generally described by Haw,1 who has also given particular information on preliminary treatment of three large samples from Dryden township, Ontario.2 Kyanite, garnet, biotite, quartz, and feldspar comprise the main ingredients of this ore. Kyanite is the valuable mineral. About 5 ½ tons of -35 +200 mesh product, made by dry rod milling, screening, and separation on the Exolon magnetic separator, were available for treatment by flotation. Magnetic separation had effectively reduced garnet and biotite so that flotation feed consisted essentially of kyanite, quartz, and feldspar, the kyanite content averaging 32 pct and representing about 86 pct of the kyanite in the original ore.

Jan 1, 1958

By David A. Rice

This note describes a simple, rapid technique for measuring the apparent volume and density of individual bits of porous materials such as iron ore pellets or pieces of coke. The method consists of determining the weight recorded on a balance when a particle is depressed below the surface of mercury, and calculating the apparent volume from the known density of mercury. The apparent density is calculated after weighing the particle in air. The method is particularly well suited for applications where a great number of determinations are to be made. An additional benefit is the minimal handling of the mercury. In any event, the usual recommended safety precautions should be adhered to.

Jan 1, 1982

C. W. WASHBURNE, New York, N. Y. (communication to the Secretary *).-We are indebted to Mr. Pack for his detailed description of a rapid method of estimating the oil reserves in large fields. Although his method will give only a rough approximation of the reserves, nevertheless it is much more reliable than the saturation method. The saturation method should not be used when any other method is available. The paper describes a generalized method, which is especially useful in estimating the total resources of a Nation or State. Properly it is a method of estimating the oil that can be extracted by common methods within a given period of time. It does not account for

Jan 10, 1917

SAN FRANCISCO SECTION T. A. RICKARD, Chairman W. H. SHOCKLEY, Vice-Chairman C. E. GRUNSKY, JR., Secretary-Treasurer, 57 Post St., San Francisco, Cal. E. A. HERSAM H. W. YOUNG. A meeting of the San Francisco Section was held at the Engineers' Club of San Francisco on Mar. 28, 1916. Dr. Bailey Willis, Head of the Geological Department of Stanford University, read a paper on The Relation of the Major Structural . Features of the South American Continent to the Mineral Districts. Vice-Chairman Shockley interested the Section with an account of his experiences in South America. Discussion was participated in by C. F. Tolman, Jr., A. C. Lawson, Frank Probert, and E. A. Hersam. C. E. GRUNSKY, JR., Secretary.

Jan 5, 1916

By Monica Mengoli Chaves, Byron S. Gottfried

For the past several years the U. S. Department of Energy has sponsored the development of a computer simulation program that will predict the performance of coal preparation plants under a variety of different operating conditions. Recently a study was undertaken to transfer the simulation logic from the large scale mainframe environment to a small inexpensive microcomputer operating in a highly interactive "user friendly" environment. This paper describes a program that was written for the APPLE II Plus microcomputer which accomplishes these objectives. The program prompts the user for information in such a manner that it can be used by persons other than computer specialists. This makes the program directly accessible to plant managers, designers and operating engineers.

Jan 1, 1983

POSITIONS VACANT The National Bureau of Standards needs men to fill metallurgical positions with salaries varying from $1200 to $2000, depending upon the training and experience of the candidate. Experience either in ferrous. or, non-ferrous metallurgy. Duties will be almost entirely of an investigational nature, in connection with problems of military importance. Qualified men are urged to send to the Bureau of Standards at once a statement of training and experience, names of references, acid minimum salary that would be accepted, so that they may he advised of appropriate civil service examination for which to file papers. Until further notice, such papers are received by the Civil Service Commission at any time and ratted promptly.

Jan 10, 1917

By Roswell Johnson

THE prevailing system of wells on a rectangular basis, as shown in Fig. 1-A, has developed because of the exigencies of offsetting at boundary lines. When, however, a very large tract is, being drilled, it is often possible to abandon this inferior method for the superior arrangement C- PROPER STAGGERING FIG. 1.-THREE SYSTEMS OF SPACING WELLS. known as "staggering," which is illustrated in Fig. 1, B and C. The advantages of the triangular over the rectangular method are evident from Fig. 2, computed on the basis of one well to 10 acres (4 ha.). With the triangular system, no land is more than 409.4 ft. (124.8 m.) from a

Jan 8, 1918

Kennecott Copper Corp. has sub- mitted a proposal to the U. S. Atomic Energy Commission for a joint experiment to determine if a contained underground nuclear explosion can be used to fracture a low-grade copper ore deposit to recover the copper by in-situ leaching. If authorized, safety and technical studies in the field would be undertaken to determine whether such an experiment could be conducted with full protection for public health and safety. The proposed experiment, known as "Sloop," would be part of the AEC's Plowshare Program to develop peaceful uses of nuclear explosives. As now visualized, the project involves the detonation of about a 20-kiloton nuclear explosive at a depth of 1200 ft.

Jan 11, 1967

In the maintenance of rubber-tired mining equipment, tires may well represent the single greatest problem. Using a 50-ton truck as an example, engine upkeep averages about 8% of the machine's total yearly operating cost, while tires average a whopping 20%. In fact, depending upon such factors as job layout, conditions, and whether it is maintenance or production people who run the job, tire costs can climb to as high as 50% of the truck's total operating expense. Similar costs apply to other earthmoving equipment such as tractor-scrapers and front end loaders. While operators must resign themselves to "normal" tire life and wear, there are many corrective steps that can be taken to fight the "abnormal."

Jan 8, 1978

By J. R. Billingsley

The Sunro mine, operated by Cowichan Copper Co. Ltd., under lease from Sunro Mines Ltd., a Cominco subsidiary, is located on the south end of Vancouver Island. Exploration and limited development before 1960 established the existence of twelve mineralized zones. The "B" and "C" orebodies of the River zone contained an estimated 937,000 tons of 1.80r/, copper plus approximately 35 cents per ton of precious metals. On reviewing the indicated tonnage and the exploration possibilities in the River zone and the other eleven zones it was decided to construct a 1500-tpd mill. In August 1961, excavating of chambers for a crushing plant and concentrator located underground near the River zone began.

Jan 12, 1963

By J. F. Kemp

The death, on the 30th of May, 1896, at Paris, of the venerable Gabriel Auguste Daubrée, an honorary member of the Institute, recalls with emphasis the great value of his varied contributions to geology, mineralogy and hydrology. In fact, more and more as the years pass, and as attention is given to the obscure problems of metamorphism, of the development of joints, of slaty cleavage, of schistosity, of fault-systems, of the subterranean circulations of water, and of many other agencies which are often closely involved in the production of ore-bodies, the appreciation of his work increases, and quotations from his papers are made. Daubrde was born June 25, 1814, at Metz. After receiving

Jan 1, 1897

By L. L. Anderson, R. E. Wood, W. H. Wiser

Western bituminous coal can be processed to low sulfur liquid fuels by fast reactions. A process (LEFCO) under development at the University of Utah uses coal and catalyst under hydrogen pressure to convert 60 to 70%of the coal matter to fuel liquids and gases. Coals have been processed in small diameter (less than %in.) tubes and at reaction residence times of less than 10 secs. Effects of process variables on the yield and quality of products have been studied. General features of the process and the properties and characteristics of the products produced are presented. Special features of the process that distinguish it from other liquefaction processes under development are also discussed.

Jan 1, 1977

By John G. Reid

Subsequent to extensive laboratory testing, a pilot plant was constructed to further evaluate the process for high temperature copper cementation on iron in continuous operation. The plant was designed to produce 1 to 10 tons of copper a day depending on the copper concentration of the pregnant solution. The energy required to operate the plant was very low as virtually all the solution heating requirements were supplied by the exothermic cementation reaction. The results demonstrated that this, process has potential for commercial application with respect to operating considerations, and yields a copper product in excess of 95% copper at high reaction rates, low iron consumption, and at least 98% copper recovery from solution.

Jan 1, 1976

By Theodore H. Eyde

In the southwest porphyry copper province, the virgin prospect with good copper mineralization cropping out has disappeared. Future discoveries will require an increasingly sophisticated arsenal of exploration techniques and concepts. One of the latter, stratigraphic analysis, is a technique which is often overlooked. A surprising number of exploration geologists still think of porphyry copper deposits as occurring wholly within intrusive bodies such as quartz monzonite or granodiorite. Disseminated copper mineralization, though genetically related to intrusive rocks, can occur within both the intrusive and the intruded rocks. At present, as much as 30% of the total copper produced from disseminated copper deposits in the Southwest originate from the intruded rocks rather than the intrusive.

Jan 4, 1972