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HIGH-GRADE manganese ore, from which manganese is obtained commercially, is not found in large quantities in any major steel-producing nation in the free world. The U. S. is a "have not" nation with respect to deposits of directly mineable high-grade manganese ore. Known resources of 48 pct Mn or better grade ore amount to less than 200,000 tons. In 1950 the U. S. steel industry consumed 1.8 million short tons of metallurgical grade manganese ore that contained about 800,000 tons of manganese. About 16 pct of the manganese content was lost in processing, so that about 650,000 tons, or 13 pounds per ton of steel actually entered into steel production. Under present practices use expands directly with steel output, and by 1975 the demand in both the U. S. and the rest of the free world is expected to be roughly 60 pet greater than in 1950. In peacetime about 80 pet of manganese consumption goes into steel production; high-manganese steel, dry cells, and chemicals account for the remainder. The manganese supply problem centers around high-grade ore for ferromanganese production. Use of ores containing less than 35 pet Mn sharply increase the costs of making ferromanganese. Use of ferro-manganese of grade below 70 pet in turn requires changes in steelmaking that increase steel cost. Under normal conditions the present small domestic production cannot be expected to increase. Major resources in the U. S. consist of 12 low-grade deposits. The cost of mining and treating these ores to extract a product as good as that yielded by imported ores is at least twice and in some cases more than four times the 1951 price of foreign ores delivered to the U. S. However, as long as trade relations and overseas shipping are not interrupted, deposits in India, Africa, and Brazil can meet steadily increasing demand at approximately present costs. Cost considerations indicate that the U. S. should continue to rely upon overseas sources for its peace-time supply, and that this situation is satisfactory. But, this does not take into account the question of how the U. S. will be able to meet its needs in war. Position of the Rest of the Free World In 1950, free world steel producers outside the United States, with a steel output of 70 million ingot tons, consumed about 1.3 million tons of metallurgical-grade ore. Their manganese ore demand, expected to increase directly with steel production, will by 1975 be about 2.3 million tons. Russia possesses over half the known manganese ore reserves of the world and is producing twice the tonnage of any other country. It supplied more than a third of the U. S. manganese requirements up to 1938 and again in 1948, but by 1950 Soviet manganese exports to the free world had virtually ceased. The free world's supply of manganese now comes mainly from India and Africa. Somewhat over 10 pet of U. S. imports came from Brazil and Cuba. Security Considerations In the event of war the U. S. might be substantially cut off from 90 pet of present sources. Reduction in manganese specifications might cut consumption by over 10 pet without seriously affecting steel quality. By elimination of losses in the production of ferromanganese savings as high as 10 pet might be possible. But, wartime manganese requirements cannot be met through conservation alone. To meet possible future emergencies the U. S. should continue its comprehensive security program for manganese, including stockpiling and research on the economic use of low-grade ore, domestic ores, the recovery of manganese from slag and the reduction of manganese requirements in steel production. If this work, including additional pilot plant operation is pursued vigorously, it should be possible in an emergency to get an adequate supply of manganese from domestic sources. The national stockpile then can be looked upon as a source of supply during the period of at least 2 years required to reach full-scale production from low-grade resources. Ferromanganese Smelting In comparison with smelting of pig iron, ferro-manganese smelting is a very wasteful process. Under present ferromanganese blast-furnace smelting practice, about 8 pet of the manganese in the furnace charge is lost to the slag, and roughly the same amount is lost to the stack gases; the total loss approaches 15 pct. Present practice is a compromise between excessive slag loss and excessive stack loss. In fact, it may be seriously questioned whether conventional blast furnace design is suitable for manganese smelting. U. S. Resources The known manganese deposits of the U. S. contain a total of 3500 million long tons of raw material and 75 million long tons of metallic manganese. More than 98 pct of this contained metal is in 12 large low-grade deposits of which the most important are those at Chamberlain, S. Dak; Cuyuna, Minn.; Aroostook County, Maine; and Artillery Peak, Ariz. Reserves of high-grade ore (48 pct Mn) amount to less than 200,000 tons. About 20 million tons of ore average over 15 pct Mn, and when grade is decreased to 10 pct Mn reserves amount to about 100 million long tons. If cut-off grade is decreased to 5 pet Mn, resources amount to 800 million long tons. Many of these low-grade ores may be beneficiated by flotation or other concentration methods. Pyrometallurgical Methods For smelting ferromanganese, it is essential to have an ore containing at least 50 pct manganese, with an Mn:Fe ratio of about 8:1. Direct smelting of 20 pct Mn concentrates is not promising. The only method that offers any promise involves two-step smelting.

Jan 1, 1952

By William Sharp

DISCOVERY of new ore in the Eureka district, Nevada, as a result of bold and persistent exploration based on a geologic interpretation of structure has recently aroused wide comment in mining circles. It may therefore be of interest to the profession to have a summary of the historical background and an account of the recent program of development. The mines of Eureka, discovered in the late 1860's, were the first important silverlead mines in the United States. They have a production record of more than fifty-one million dollars.1 After the ore bodies were apparently bottomed in the 1880's, repeated attempts to find new ore were unsuccessful until 1940, when a diamond-drill hole cut a 40-ft width of sulphide ore 1409 ft below the 841-ft level of the Locan shaft. The next hole cut 30 ft, of ore and three additional holes drilled in 1943 and 1944 showed the ore body to be continuous, Shaft sinking to reach and open up the ore body has been in progress since 1945. GEOLOGY Stratigraphy The ore in the Eureka district occurs in a series of Cambrian sediments which is exposed through a thickness of over 6000 ft. The stratigraphic column is as follows:2 [THICKNESS, FI ORDOVICIAN Pogonip limestone (upper part). Thin bedded limestone with some chert. UPPER CAMBRIAN: Pogonip limestone (lower part). Thin-bedded limestone (with shaly limestone and chert).... 425+ Dunderberg shale. Shale (clay and calcareous shale) and thin bedded limestone340+ Hamburg dolomite. Dolomite and limestonegoo+ MIDDLE CAMBRIAN: Secret Canyon shale. Shale and thin-bedded limestone1,035 Geddes limestone. Carbonaceous, flaggy limestone with some shale partings 335 MIDDLE (?) AND LOWER CAMBRIAN: Eldorado dolomite. Dolomite and limestone2,000 LOWER CAMBRIAN: Prospect Mountain quartzite. Quartzite with occasional inter calated conglomerate and shale 1,660+ The Prospect Mountain quartzite has been subdivided into two formations: Upper part, Pioche shale. Shale, quartzite with some intercalated limestone (Lower Cambrian fossils)-200 ft. Lower part, Prospect Mountain quart zite proper-I,460+ft. Total thickness6,695+] Much the most productive of these formations has been the Eldorado dolomite, which yielded more than $42,000,000 at Ruby Hill and an additional amount

Jan 1, 1947

By John V. Beall

Probably it won't happen to us again in a thousand years, but it was very embarassing at the time. It is only because of certain matters that have come up this month that we tell you at all about it. At the beginning of our trip to Peru and Chile last summer, we were flying with Bill Haddon from Lima to Tacna aboard Fawcett. Being an old hand at foreign travel, particularly in South America, we felt obliged to explain some of the special features of travel in Latin America and the niceties of etiquette in particular and were so engaged when the plane landed at the airport. We led the way briskly into the terminal, expecting at any moment to have a representative of Southern Peru Copper pop up and present himself. However, this didn't happen so we repaired to the baggage arrival station to wait. All the bags were quickly picked up, but ours were no where to be seen. Bill was slightly agitated because the plane was being buttoned up for take off. However, rising to the emergency with our usual aplomb, we took charge of the situation. Brandishing the claim checks under the nose of the porter who pointed to them and said, "si, Tacna," we nodded briskly and in our serviceable Spanish said "si se[n]or, vayase viejo, rapido." He was off and back with our suitcases quickly enough.

Jan 1, 1970

By V. Lessels, W. A. Hamilton

White Pine Copper Co. is a wholly owned subsidiary of the Copper Range Co. The property of White Pine is about 5 miles south of Lake Superior in Carp Lake Township, Ontonagon County, Mich. The new town of White Pine, adjacent to the company plant, is 18 miles south and west of the town of Ontonagon, and about 55 miles north and east of Ironwood, Mich. A diamond drilling program begun in 1937 to develop the orebody was carried on until 1950. During this period a test shaft, known as the Schacht shaft, was sunk on the orebody and approximately 8000 ft of development drift were driven. In an effort to solve the ore beneficiation problems, considerable metallurgical test work was done on ore extracted through the mine development. This work was conducted in a small pilot plant located in the mill of the Copper Range Co. at Freda, Mich.

May 1, 1956

By Dr. Hans Von Höfer

APART from the hypothesis of a .cosmic origin (which failed of acceptance because it was not adequately supported by facts), the only important controversy concerning the origin of petroleum has been, for a long time, between the advocates of inorganic and of organic origin respectively. Each of these theories has had a long history of development, and is still being perfected, under the influence of two causes: (1) the increasingly extensive and thorough study of the oil-fields (of which new examples are periodically discovered and opened); and (2) the progress of synthetic experiments devoted to this question. Moreover, the advance in our physical and chemical knowledge of the properties of this peculiar natural product has necessarily modified all criticism of conflicting views. I. THE HYPOTHESIS OF INORGANIC ORIGIN That the notion of an inorganic origin of petroleum, first set forth by Berthelot in 1866, and afterward ingeniously developed and formulated by Mendelejeff, should thus have proceeded chiefly from chemists, is quite natural; for the question was one of possible chemical processes in the earth's interior, and of imagined chemical reactions to be, verified by experiment. Hypotheses of this kind were suggested by many chemists, of whom two, P. Sabatier and J. H. Senderens, may be specially named by reason of their highly interesting chemical experiments. Among geologists, Mendelejeff's hypothesis was received at first with much interest and favor; for it rested on the assumption of a central terrestrial mass of iron carbide, and the geologists had good reasons for adopting that assumption. Yet comparatively few of them attempted to furnish geological proofs of the hypothesis: the majority either silently believed in it, or for one or another reason rejected it altogether.

Jan 5, 1914

By Zay Jeffries

TUNGSTEN has the highest melting point of all the known metals, namely 3350° C.; it is one of the hardest of the metals; it has the highest equiaxing or recrystallization temperature after strain hardening, of any pure metal known. It is particularly distinguished because, when composed of small equiaxed grains, it is extremely. brittle and fragile at room temperature, and when possessing a fibrous structure it maybe ductile and pliable at room temperature. The common ductile metals act in exactly the opposite manner in this respect. The present paper will include a brief note regarding the manufacture of wrought and. ductile tungsten. The metallography of wrought and ductile tungsten in the various stages of manufacture will be considered more or less in detail. The general relationships between the properties of tungsten and other metals will also be considered. A discussion will be given explaining why fibrous tungsten is ductile at room temperature, even though past experience with other metals would indicate that it should be brittle. Finally, a brief note regarding some new fundamental metallographic propositions relating to all metals will be given.

Jan 6, 1918

By John M. Loveioy

EVERY producer of crude oil knows what is meant by the Rule or Law of Capture. It means that the ultimate ownership of a migratory substance such as oil is not determined until that substance is reduced to physical possession. Unless, therefore, the producer moves quickly to capture his share from the common pool, he may lose to any neighbor who is drilling and producing more rapidly than he a portion of the oil originally underlying his property. And there is no recourse open to him if his property is so drained. Under this rule it is obvious that the owner of an oil property, if he is to protect his' ownership, must be governed in his development and production policies by the activities of his neighbor rather than by his own business requirements. He must drill as densely and as fast as the other operators in the field or lose part of the oil to which he should be entitled.

Jan 1, 1936

A PROSPECTOR stood atop a Venezuelan mountain called El Florero just 25 years ago, and shouted to the world that he had found a large, rich new source of iron ore. But his words were lost in the big green South American jungles and besides, the world had more iron ore than it could handle. There were no crises in 1926, no major wars on the horizon, no worries about mineral supplies. In the U. S., the populace was "keeping cool with Coolidge," and the solid foundation of the economy-the steel industry-rested on a still firmer basis, the Lake Superior iron ores.

Jan 5, 1951

By Edwin C. Barringer

IRON and steel scrap has again become page one news, as it was during the war. To many this is anomalous because the common concept is that the theaters of war are literally paved with scrap as the by-product of war damage and abandoned materiel. To an extent this is true, the bottleneck being the ferreting out and transportation of this scrap. While you as consumers of the electric-furnace grades of scrap-the premium grades-are concerned primarily in only one segment of the scrap market, I believe you ill be interested in a general discussion of the market with subsequent funneling down to your specialty.

Jan 1, 1947

By L. J. Erck

H EAVY-MEDIA separation continues to be the favored process for concentrating the coarser fractions by elimination of undesirable tailing and middling fractions. The first vessel used for heavy-media separation was the closed-top cone. Further developments then led to the Akins spiral separator which fulfilled the requirements for improving metallurgica1 separation as well as gaining mechanical advantages. During the last season there has been a substantial influx of separator designs for further improvements of metallurgical separation based on the heavy- media method as well as attempting to garner further mechanical advantages with reduction in power consumption to boot. The newest of these designs was the Hardinge counter-current separator which was introduced into the field last spring in two plants. Both Hardinge separators proved satisfactory in operation and substantiat-

Jan 1, 1950

By D. Hanson

Fox most of their practical applications metals are required to with-stand stresses of appreciable magnitude: indeed, it is because they possess the quality of resisting stress without becoming permanently deformed that they find such extensive use in the service of man. Metals and alloys must, in service, usually behave as elastic substances-or nearly so. It is not difficult to satisfy this condition at ordinary temperatures. Iron and its alloys, especially the steels, are at normal temperatures excellent elastic bodies, capable of satisfying most of the mechanical requirements of the engineer: where electrical, chemical or other properties are impor-tant, which cannot be met by steels, it is usually possible to find a non-ferrous alloy such as nickel, copper or aluminum, which will prove satisfactory. When the metals or alloys are not inherently sufficiently elastic, cold-working or heat-treatment may develop elastic properties to a sufficient extent for practical needs. By means of relatively simple, rapid tests we can measure such properties as elastic modulus, limit of proportionality and proof stress, upon which design can be based with confidence. The case of the soft metals, such as lead and tin, is well known to be exceptional. They possess no definite limit of elasticity, and the value of proof stress or tensile strength depends to a great extent on the speed with which the test is carried out. Design here must be based on other considerations than a well-established theory of the proportionality of stress and strain. It is now generally recognized that steels and non-ferrous alloys possess at temperatures not greatly exceeding that of the atmosphere, characteristics quite different from those existing at ordinary temperatures, and that they assume qualities similar to those of the soft metals. Not only have they no limit of elasticity, but the proof stress and the ultimate stress depend on the time of application of the load. Flow under load may persist for long periods of time, possibly indefinitely, and the determination of a true maximum stress becomes a matter of great difficulty.

Jan 1, 1939

By Thomas J. O’Neil

From the time of its emergence as an independent state until the late 1950's, the Republic of Ireland suffered from chronic unemployment, the lowest living standard in Northern Europe, and-most serious of all-an aggravated emigration problem which drained off most of its talented young people. In 1958, however, there was a drastic legislative reaction to these problems, and this in turn ignited the current mining boom in Ireland. Paving the Way to Prosperity In order to reverse the tide of emigration, the Irish government now realized, challenging domestic employment opportunities had to be increased and living standards had to be raised. It was also apparent that future industrial and economic growth in Ireland had to be based on producing goods for export. The home market could not sustain large-scale expansion, and consequently Ireland's chronic balance-of-payments deficit could best be minimized by producing export goods. These considerations, together with the limited amount of accumulated wealth in Ireland, combined to set the objectives of the country's First Program for Economic Expansion in 1958. The general objectives of this program were (1) to stimulate all segments of the economy, (2) to develop foreign trade and (3) to attract foreign capital.

Jan 1, 1970

By John Mathews

SOMEONE has divided mankind into two groups: (1) those who have the willingness and imagination to weigh the future gain over against a present indulgence, and (2) those who cannot do so. The former have self-control, patience, foresight and a capacity for sustained effort. Those having these homely virtues become the, possessors of capital and hence employers of others. Those lacking these qualities and owning no capital must seek it from those of the first class, and therefore are employed by others. The human qualities, which divide men into two classes-employers and employed-are, however, capable of change by education, training, environment and by all agencies which tend to develop character. These words of the economist have stuck in my mind for many years and the more I see of men in my business contacts the more firmly I am convinced of their truth. The earth in some respects resembles its inhabitants. When we stroll over the fields and hills we are impressed by the unorganized masses of sand and rock which make up the ground beneath our feet. When by chance we come upon a bit of mineral matter in crystalline form we are impressed by its beauty and symmetry and probably have it polished and call it a gem. Gems constitute a minute portion of the earth's crust, and those intellectual gems, worthy of polish, who brilliantly reflect the incident rays of education and experience that have fallen upon them are few among the masses of mankind.

Jan 1, 1931

SUMPEARY OF CURRENT PRACTICES History The outcrop and surrounding area of Comincots Sullivan Mine was originally mined by small open cuts on surface and small open stopes underground to which shafts and adits were driven for access. When it was established that a commercial grade of ore was available, an adit was driven on the 4600 level (feet above sea level), and OM was extracted by larger scale open stoping leaving supporting pillars where necessary. After the depth of the ore body was proven to the 3900 level and an adit driven at this level, many miles of drifts, crosscuts, raises and sublevels were driven for the extraction of the ore above this level. Larger open stopea were extended from this development. The mining method was, and to a very limited degree still is, a benching method. Due to the strong hanging wall in this area of the mine, stopes with a width of 100 feet or more were opened. In 1931, because the orebody was proven to extend below the 3900 level, a winze was sunk from the 3900 level to the 3350 level. From this winze three intermediate levels were opened. Following a plan of development well in advance of production requirements, further sinking was done by winzes and eventually a large shaft was raised to surface. Prior to 1958 the 2850 level was bottom which since that time has been extended to the 2500 level. Open stopes were developed and mined as this area was opened up.

Jan 1, 1970

By Horace Winchell

IT IS OFTEN interesting to look backward and review the world's progress in any line of human endeavor. Our pride is flattered by our achieve-ments and our imagination stimulated by the compari-son between our present productivity and prosperity and those of the relatively unenlightened days of our recent ancestors. We love to reflect on the progress of the last quarter of a century in the art of metallurgy, in. the production and consumption of the various metals and minerals which constitute the basis of our industrial and commercial supremacy. We dwell complacently on the figures which prove that we are the world's leader in nearly all departments of mining and that our production of necessary minerals over-shadows that of other countries. We recall the days when it was considered the proper thing, if not indeed indispensable, to go abroad for the rounding out of a mining engineer's education. We had no mining schools equal to those of Germany. Our schools of technology were elementary and their equipment limited. RISE OF AMERICAN MINING SCHOOLS Now we point with true American pride to institutions which, are unsurpassed in all the world in their standard of efficiency. We know full well that the American engineer is in demand in many foreign parts and when we read recent scientific treatises published abroad we are amazed to find them unfamiliar with many of the more advanced ideas which have here already come to be an everyday part of our professional knowledge and equipment. Blessed with a country of unrivalled natural resources, dwelling in a latitude whose climate is most conducive to enterprise, peopled with races of inventive and organizing genius with equality of individual opportunity, our industries have grown and expanded until our output has reached staggering proportions and the draft upon our mineral reserves is appalling. Coupled with this development has arisen a demand for engineers which has brought into our schools of technical science larger and larger numbers of young men whose imagination has been stimulated by the success of their predecessors who happened to be contemporary elements in the recent industrial expansion and prosperity.

Jan 1, 1923

By M. N. Dunlap

Tries article summarizes the successful incorporation of a flash-flooding stream into the tailing-disposal system at the St. Joseph Lead Company's Federal Division mill, in St. Francois County, Missouri. The mill was built in 1906, by the Federal Lead Co., as its No. 3 mill for the concentration of southeastern Missouri lead ores, and damming Davis Creek was first considered in 1908. Plans were made also in 1925 and in 1937. Dam layouts varied from a reinforced concrete structure to a barrier built of tailings alone. All were abandoned because of liability that would be incurred by flashflood rupturing of an incompleted dam. By 1942 mill capacity had reached 12,000 tons daily and increasing tailing-disposal costs again focused attention on the Davis Creek basin. This time the problem of riskless dam building was solved. Moreover, most of the items that appeared in the answer were materials that normally required wasting and the major portion of labor involved performed functions that it would normally have done, without constructive benefit, elsewhere. The new layout also made possible advantageous changes in mill-water supply pumping; static head being reduced from 514 ft to 95 ft, friction head from 4900 ft to 2860 ft, and pumping can be done now at periods of low power demand. The following facts about the Davis Creek watershed explain the 36-year reluctance to reach these, and other, benefits. Size: 3600 acres. Outline: roughly pear-shaped, 2 1/2 by 3 miles at the largest dimensions. Topography: mostly hill land with steep valleys. Relief : 760 minimum to 1153 maximum. Maximum rainfall: 3.36 in. per hour. Permanent water: none natural. Now 2200 gpm discharged through 16-in. drill hole from mine pumps underground. Geology: the 17 acres near dam centerline is Bonne Terre dolomite covered with sand and gravel eroded from Pleistocene beds that cap some of the hills. The remainder of the pond basin is on Davis shale. Soil cover: mostly second-growth timber with some abandoned fields; all subject to careless burning, which reduces water-retaining ability. Flood history: flash-flooding that had taken at least one life. Downstream values: two railroad bridges before creek intersection with Flat River. Immediately below confluence, a highway bridge, a low-water crossing, a few business establishments and several blocks of residences. In July 1942 the following segments of an ingenious plan were put into operation. A ditch 270 ft long, 16 ft wide and 5 1/2 ft deep was excavated to bedrock in the gravelly soil along the proposed dam's centerline. This excavation, which exposed many gravel-filled channels, was run full of slimes drawn from a riser set in the top of an adjacent tailings-disposal

Jan 1, 1947

By BLAllEY STEVENS

(Canal Zone Meeting, November, 1910.) I. INTRODUCTION. TEH object of this paper is to show how igneous intrusion is governed by definite mechanical laws. A distinction is made between dikes and fissures, and the various characteristics of intrusions are explained on an exact scientific basis. The modification of rock-stresses by intrusion is then considered and extensive isostress regions are recognized. Finally, a complete classification of intrusions is constructed covering all pos-sible cases. The generalizations of observed data, taken from Geikie's Textbook of Geology, conform to the laws of intrusion herein stated, and the deductions based upon these laws. No authority, however, is quoted for the type which I have named a corrugated intrusion. Its existence is a necessary deduction from the laws of intrusion, and even the entire absence of examples in technical publications cannot disprove its reality. In all probability, corrugated fissures would have remained undiscovered, but for the working of mineral veins. As intrusions of tabular form are seldom worked for commercial purposes, it has been left for theory to anticipate the discovery of corrugated dikes. In the light of these laws of intrusion and the corresponding laws of fissures,1 there seems to be a remarkable uniformity of stress-distribution in rocks at moderate depths. This renders .possible the mathematical calculation which should help us to approximate exact science in this and kindred branches of applied geology.

Jan 1, 1911

The necessary funds have been provided for the award in 1915 of three prizes, respectively of $50, $30, and $20, for the best essays, or other papers, submitted in competition by Junior Members and Members of Affiliated Student Societies. The following rules for the competition are therefore established in accordance with the instructions of the Board of Directors May 22, 1914: (1) A competitor for the President's Prizes must be, at the time of submitting his essay, either a Junior Member or a Member of an Affiliated Student Society of this Institute.

Jan 1, 1917

By Abner Dixon

INTRODUCTION. IN India the production of mica, which in other countries is of very minor importance, is one of the staple, long established industries, and ranks high in the statistics of mineral products. Nearly two-thirds of the mica of commerce comes from India. The Indians have used mica for glazing and decorative purposes through many centuries. About 14,000 men are employed in and about the mines, and the indigenous and primitive mode of mining is still followed; but, by reason of the exhaustion of the surface supply hitherto won without intelligence or capital, it will not be many years before the present interesting and casual methods will be replaced by a less archaic and more profitable system. India on the whole has little mineral wealth, but the unique resources of its mica fields, cheap labor, and favorable natural conditions render it unlikely that any other country can ever more than temporarily contest her leadership in the production of this one minor but essential mineral. Mica plays a small but indispensable role in a variety of fields of dissimilar application. Its use and value depend upon characteristics which different kinds of mica have in varying degrees, each kind being adapted to 'its own special purpose. Its well-known characteristics of transparency, flexibility, elasticity, toughness, high dialectric, strength, perfect flatness; ease of splitting into thin films, ability to stand high heat and sudden changes in temperature, give it value in many industries. No other substance, natural or artificial, has this combination of qualities. The oldest use of mica is in glazing. By reason of the improvements in annealing glass, this is not now of great importance, but mica is still employed for the covers of ikon images in Russian churches, the windows of anthracite stoves, compass

Jan 5, 1913

By Clinton H. Crane

IN October, 1925, J. R. Finlay delivered an address entitled, "The Future Price of Lead." Lead was then selling at 8.85c. and Mr. Finlay and most of the rest of us were concerned about the shortage. Now, a little more than six years after, lead is selling for 3.55c., and nobody is worrying about the difficulty of getting plenty of it. For 1931 the U. S. G. S. reports United States produc¬tion as 390,000 tons of recoverable lead in ore. Our estimate is slightly higher than this; nearer 400,000 tons. This is the smallest production since 1911 and 1912, but in spite of this, stocks for the year-have increased nearly 50,000 tons. Our estimate for the production outside the United States is 1,120,000 tons, or more than double the production of either 1920 or 1921, and 30 per cent more than in 1913. Stocks abroad probably have not increased more than stocks in the United States. In other words, foreign consumption is double what it was in 1.920-21, whereas domestic consumption is substantially less. It looks as if Mr. Krueger, president of the Swedish match trust, was right when he said that "This country had better stop worrying about Europe and think a little bit more about its own affairs."

Jan 1, 1932