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By K. Rajani Kanth

Environmental problem is the major concern for any industry and there is a great need to that along green lines. Sangam Dairy being one of the most famous and wide spread Dairies in India, produces wide spectrum of milk products. The BOD levels of effluent water of this industry with MIF treatment were found to be around 100 ppm. Lot of research has been expended in the past to bring down the BOD levels to bare minimum. The main objective of the present study is to minimize the BOD level to the required level stipulated by environmental standards by employing various seeding materials. For this purpose microbes like Bacillus Subtiles, Pseudomonas, Aspergillas, Staphylococcus, and Pencilium have been employed and BOD levels were analyzed. Various Reagents, solutions with different dilution levels have been successfully prepared. Initial and final Dissolved Oxygen levels were determined before and after incubation. From the DO data, BOD was evaluated for all samples and comparison analysis of various seeding material was carried to suggest the efficient seeding material for the ETP plant. In the process, solutions of different dilutions have been prepared using difficult reagents. These samples are treated with above mentioned microbes and BOD levels are estimated. It has been observed that staphylococcus and Pseudomonas proved to be the best seeding materials. When there microbes have employed BOD levels fall to less than 10 and 20 ppm respectively

Jan 1, 2006

By I. S. Parrish

Reserve audits have increased in recent years as more companies, especially juniors, enter the ranks of producers. Corporate and individual investors are seeking corroboration of stated reserves. The reserve audit satisfies this need. An audit assures investors that the reserves, as presented, are a reasonable and accurate approximation of the quantity and grade of the economically viable material present. The reserve audit verifies that there are no fundamental errors in logic, style or the data base, and that the reserves, as given, may be used for mine planning or economic forecasting. Reserves that pass an audit may be used with confidence in preparing cash flow projections and in deriving net present value or internal rate of return on any given project. This article describes what a consultant does while performing the reserve audit. In performing an audit there are four general areas of concern that must be checked: definitions, parameters, data and procedures. In each of these, the auditor must convince himself that the reserve study has complied with governmental regulations and guidelines, professional standards and industrial practices. Any deviation from these norms must be identified and its effect upon the appropriateness of the reserves evaluated. By concluding that a reserve study passes his audit, the reviewer is stating that there are no fundamental errors in logic or style and that spot checks have revealed no substantive errors in procedure or mechanics. The responsibility for the reserves remains with the entity that compiled the original study.

Jan 1, 1990

By Leigh G, Gottleb G, Wilkie G

The estimation of particle liberation is important in the study of mineral concentration. With simple systems, where the densities of the components are low, the liberation can be studied directly by density fractionation. For most practical systems, and particularly for the dense, complex sulphides, the only method known is by measurement in polished section. There are two major difficulties with such measurements. Firstly, the measurements themselves are difficult and considerable care is needed before reproducible results can be achieved. Secondly, a well known stereological problem arises which gives the estimates an inherent bias. The paper discusses both aspects of the problem. The practical features of measurement are treated in detail and a method described which has been developed and proven to give reproducible estimates of the liberation in the section. This discussion relates to automated measurements by QEM*SEM and presents a way of estimating the confidence limits within which measurements lie. Comparisons are shown between measurements made by the traditional manual optical technique and automated equipment. Stereological reconstruction is also discussed briefly. Several methods have been presented in the literature but all are complex and none is yet widely accepted. Area measurements are less biased than linear estimates so a practical approach is to use area measurements in uncorrected form. The topic is still being actively researched so it is expected that one method will soon emerge as the standard technique.

Jan 1, 1993

By G. A. Matthrsuis, R. N. Morris

The paper identifies two zones in a Leeds flotation cell. The ratio (13)of the dissipative forces and the interfacial tension force acting on a bubble and a solid particle are shown mathematically to be proportional to the square of the particle diameter for the quiescent zone and inversely proportional to the particle diameter for the turbulent zone. To locate the range of operation, correlations were established for the bubble diameter through photography and bubble counts. 13was found to be fairly constant in the particle size range 38 to 150 ",m, and the level of turbulence unlikely to affect the bubble-particle attachment and hence the beneficiation efficiency. This was verified in a series of flotation runs with a standard Leeds cell and a modified cell of twice the height to increase the capacity of the quiescent zone. A series of tests on the size range 300 to 600 ",m showed that the turbulence level had a marked effect on the cell performance through a relative improvement in the beneficiation efficiency due to the increased height of the cell. To identify the significant variables in the size range 38 to 150 ",m, a factorial design was carried out. Promoter dosage and particle size were found to be significant, aeration rate and impeler speed being insignificant at the 95 per cent confidence level. Multiple regression correlations were established for the recovery of organic material, mineral rejection, and beneficiation efficiency.

Jan 1, 1988

By J. B. Seabrook

The accompanying Fig 1 is a graphical scheme of intermediate accuracy for expediting interconversions of mol, weight, and volume percents. This chart consists of a family of curves of mol or atomic or volume percent plotted against weight percent, each curve in the family providing for a certain ratio of molecular or atomic weights or densities. Thus, the whole range of variations is presented in a very familiar format, and the conversion is effected simply by choosing the proper curve and reading off the required values. An entire series of conversions for a given binary system can be found by following the appropriate curve. It is interesting to examine the analytical geometry of the plots. The curves, which must fit into a square and all join at the 0 and 100 pet points, may be shown to be hyperbolas with their centers on the extension of the diagonal of the square which they intersect. Multiplying out the expression x A atomic fraction of A = y = ------ where x is the weight fraction of A, and A and B are atomic weights, we get xy+A/By- A/Bxy=x Upon rotating and translating axes and avoiding imaginaries, it is found that the angle of rotation is —45°, the origin moves upv2/2 units andv2/2(A/B+1/A/B-1) units to the right, and the standard form is Thus the curves are equilateral hyperbolas, their centers are units away from their intersection with

Jan 1, 1950

By Stanley Gill

The apparatus is composed of sections of small diameter, seamless steel tubing welded into a continuous flexible tube. At the bottom end a 1/4-in. pipe nipple with a 10 to 15-lb. weight is attached, together with a registering thermometer and a pair of ball check valves. The entire length of tubing is coiled in a single layer upon a drum 4 ft. in diameter which can be attached to the platform of a truck and provided with devices for winding and unwinding the tubing. Connections are made with the upper end of the tubing through a stuffing box, thence to a gas manifold to which a pressure gage is connected. Hydrogen gas is carried in standard 2-ft. cylinders and readings are taken by admitting gas into the tubing from one (or both) of the hydrogen cylinders until the pressure has been built up above that to be measured. At this time the gas supply is cut off. Excess gas escapes through the open end of the tubing and when equilibrium is reached, the pressure is read at the surface gage. Corrections are made for the weight of the column of gas. The advantages claimed for the apparatus include accuracy and the ability to measure the pressures at any number of points without removing the gage. Among the disadvantages of the apparatus are the somewhat bulky size of the equipment and its relatively high initial cost.

Jan 1, 1933

By J. D. Mooney

(San Francisco sleeting, September, 1915) THE accompanying chart has been drawn for the convenience of engineers as a means of quickly determining the correct number of plies of conveyor belts operating under specific conditions. The calculations are based on the average safe strength (factor of safety, 15) of the various standard rubber conveyor belts. The, calculations assume maximum loading conditions; that is, the belt is considered as carrying the greatest load that it will handle without spillage at ordinary belt speeds. This not only produces the most economical operating conditions, but also the maximum tension in the belt. The chart is a graphical representation of the formula: p = kgW (L + 1OH) Where, p = the correct number of plies k = a constant, depending on the type of drive g = the weight in pounds per cubic foot of material handled W = the width of the belt in inches L = the length of the belt in feet (approximately twice the center distance). H = the difference in elevation between the head and tail pulleys, in feet. For a simple drive, with a bare pulley, k = 1/250,000 For a simple drive, with a rubber-lagged pulley, k = 1/300,000 For a tandem dive, with bare pulleys, k= 1/375,000 For a tandem drive, with rubber-lagged pulleys, k = 1/455,000 The chart is drawn for a simple drive, with a bare pulley (k =1/250,000;

Jan 9, 1915

The total crude production from the Dutch East Indies, and the British Protectorates of Sarawak and Brunei for 1932 is given in the following table: Production, which had shown a rapid increase from 1921 to 1929, has since been reduced. Exploitation drilling in the majority of the larger fields was suspended and existing production kept within predetermined limits by beaning. Most of the smaller fields were shut down entirely. The depth of producing levels varies widely in the different fields. Shallow fields with drilling depths to 500 meters (1650 ft.) are still numerous as well as those with depths between 500 and 1000 m. (3300 ft.). A few of the newer fields reach greater drilling depths up to 1600 m. (5250 ft.). The deepest exploration well drilled to date (Djambi field, South Sumatra) reached a, depth of 2332 m. (7650 ft.) before abandonment in March, 1930. The specific gravities of the various crude oils produced range between 0.65 (86.2° A.P.I.) and 0.95 (17.5° A.P.I.). The lighter crudes have a high gasoline content and fuel oils are derived from the heavier crudes, which usually are rich in paraffin. Producing companies are: De Bataafsche Petroleum Maatschappij (Royal Dutch-Shell combine in Dutch territory); The Anglo-Saxon Petroleum Co. Ltd. (Royal Dutch-Shell combine in British territory); De Nederlandsch-Indische Aardolie Maatschappij (De Bataafsche Petroleum Maatschappij-Dutch East Indian Government combine); De Nederlandsche Koloniale Petroleum Maatschappij (Standard Oil Co. of

Jan 1, 1933

By Lloyd A. Morley, Robert Stefanko

This report has presented a literature review of explosion proof¬ing of coal mine electrical equipment. The international "state-of¬the-art" is an extremely difficult definition to quantify but, from the preceding paragraphs, it is evident the international community be¬lieves that it is represented by the International Electrotechnical Commission's Publications. Five questions were set forth during the beginning of this report. Each will be evaluated in light of the preceding discussion. 1. Can Schedule 2G specifications on explosion-proof containers be substantiated? Literature was found in the three main problem areas, surface temperature, mechanical strength, and explosion transmission, to determine this. Surface temperature requirements are adequate except for equipment that can normally overload, and the required intern¬al pressure does afford some margin of safety. However, in terms of safety, gap dimensions are about ten times smaller than that needed. 2. Is it possible to replace the Schedule's design requirements with performance specifications? Two primary areas were determined as mechanical strength and explosion transmission. As was mentioned, for present flange and gap standards, the 150 psig requirement is adequate. Furthermore, it is the authors' opinion that the level cannot be re¬duced if the present gap requirements are retained. The Schedule now requires that 16 tests be run, but the literature suggests that only from three to six examinations are necessary. Then by using the abso¬lute maximum pressure from these measurements or 150 psig, whichever is

Jan 1, 1974

By C. Graham

Mechanisation has been a predominant theme of the past 50 years in the mining industry, particularly underground mining. As the level of technology employed has increased, the anticipated productivity gains have not been realised and the differences are not explained by the demand for higher standards of safety and security. Now, mining costs are so high and productivity so low that the resultant return on investment for many Canadian operations has fallen to levels considered unacceptable in a competitive capital market. Simply continuing technological development cannot reverse this trend and its financial implications. The focus on technological development has distracted us from some basic truths. Systems that are more complex are more likely to fail and cost-effective processes depend on the continuity of productive activity and the flow of material. When putting these facts together, it becomes clear that in a system that has fixed external conditions, the single most crucial issue is the effective management of the operational cycle. By its nature, technology focuses our attention on what gets done and how it gets done, while the crucial issue is the increasingly longer periods in the operational cycle when nothing productive is being done. What is required is to match the level of technological complexity to the fixed system conditions, which are virtually unchangeable. This paper looks at the overall system and objectives and attempts to present an appropriate level of technology for the Canadian mining industry, now and in the foreseeable future.

May 1, 2004

By Rod Hocking, Nenad Djordjevic, Randolph A. Pax

"Semi Autogenous (SAG) mills exhibit complex interactions between the competing processes occurring inside them. Traditional practice is to measure the operation of the SAG mill at an operating point in terms of its load, power draw, steel load, ore throughput rate, water addition rate and more recently the feed size distribution. However significant departures from standard operating conditions can occur due to changes, for example, in ore hardness, the quest for higher throughputs and mill internal geometry.Fundamental to SAG mill operation are the internal processes that ensure that a given ore throughput and discharge grind size are obtained and maintained. These processes can be measured using non-contact acoustic emissions from the SAG mills which utilise the information rich noise that is generated by the grinding, flow and charge movement inside a mill. Non-contact acoustic in-mill measurements can be used for the validation of discrete element modelling (DEM). The approach being reported in this paper is to model the individual physical processes and then to simulate the assemblage of a physical mill.By modelling the assemblage of steel balls in a 1 m pilot mill and duplicating the experimental arrangement exactly with the PFC3D model, it was possible to replicate the pattern of falling balls in the experimental mill. Furthermore, the key features of the acoustic emission spectrum that was calculated compared favourably to the measured spectrum at low frequencies. The experimental spectrum is shown in Figure 1."

Jan 1, 2003

By J. M. Musadaidzwa

Skorpion Zinc is located 25 km north-west of the small settlement of Rosh Pinah in southern Namibia. Commissioned in early 2003, Skorpion Zinc became the first mine-to-metal operation to commercially apply a purely hydrometallurgical process route to exploit a zinc oxide orebody. The novel technology, known as The Modified ZincexTM Process patented by Tecnicas Reunidas, comprises sulphuric acid atmospheric leaching, zinc solvent extraction (SX) and electrowinning (EW) to produce London metal exchange (LME) Special high grade (SHG) zinc. Forming the core of the process, the SX step has thrived in its role as a barrier to impurities and also in the upgrading of the pregnant liquor solution (PLS), converting it into a loaded electrolyte (LE) sufficiently rich and pure for EW. Against this successful run, a number of challenges have, however, been encountered in SX due the emergence of upset conditions largely emanating from upstream processes. This paper outlines some of the major deviations that have beset the SX process in its first five years of continuous operation. Impurity excursions, temperature depressions, changes in phase continuity, excess aqueous entrainment, the effect of colloidal silica and the accumulation of rare earth elements on the organic phase will be discussed in detail. Keywords: skorpion zinc, solvent extraction, the Modified ZincexTM Process (MZP) DE2HPA, aqueous entrainment (AE), loaded electrolyte (LE), standard liquid validation (SLV) test, organic continuity, aqueous continuity (AC), electrowinning, colloidal silica, phase disengagement time (PDT), rare earth elements (REE).

Jan 1, 2009

By M. A. Hunter

THIS paper gives the results of an investigation of the specific resistance and temperature coefficient of the electrical resistance of nickel and its important alloy, monel metal. For most of the pure metals, the temperature coefficient of resistance is approximately 0.0004 per degree centigrade at 2.0° C. Nickel and iron, however, are exceptions. This property is important as it gives us good material for the construction of thermometers and other instruments involving electrical control. A summary of information on this subject has been published by the Bureau of Standards.1 The present experiments antedate this publication by several years and as the information obtained is not contained in it, the results of the experiments are published as additional information. ELECTRICAL PROPERTIES OF PURE NICKEL It is generally conceded that the lowest values for electrical resistance are obtained in the purest metal. In the case of nickel, the best material obtainable is electrolytic nickel, which contains approximately. 99.80 per cent. nickel, 0.15 per cent. iron, and 0.05 per cent. copper. Any cobalt that may be present is included in the nickel figure. If the electrolytic sheet has been deposited without intermission, it is possible to cut a section from the sheet and roll it into wire without melting. By this means a nickel wire may be obtained that is uncontaminated by any of the impurities always taken up by nickel during melting.

Jan 5, 1922

By F. J. Budin

Steel supports are increasingly used in metal mines for junctions, chambers, and other wide openings and for semi-permanent areas such as haulageways, shaft stations, and pump rooms. Steel lasts longer-especially in wet mines and where foul air is present-and is procurable in different sizes that will carry heavier loads than any timber of equivalent cross section. The chief advantage of steel supports is that less excavation is needed than with timber support of the same strength, so that faster progress can be made. Since there is no possible way to calculate the exact weight on supports, sizes must be chosen by experience. Any adjustment and cutting of steel supports underground would be costly and time-consuming, and it is therefore advisable to cut sets beforehand at the surface workshops. This requires standardization of sets. All these problems have been recognized at Bawdwin Mines, Burma, where mining is difficult, slow, and very expensive. The lead-silver ore is very brittle, with hanging and footwall rock of unconsolidated rhyolite tuff. During the rainy season from May to October water penetrates into the mine, and where soft rock is present disintegration into a loose mass around openings can be expected. For this reason heavy 10x10-in. timber caps break quickly in drifts and crosscuts, and timber rots in a very short time. An average increase of 50 pct in both maintenance work and costs could not be avoided.

Jan 3, 1960

CHARLES KIRCHHOFF, Chairman. ALBERT SAUVEUR, Vice-Chairman. HERBERT M. BOYLSTON, Secretary, Abbot Bldg., Cambridge, Mass. John Birkinbine, J. Esrey Johnson, Jr., Felix A. Vogel, William H. Blauvelt, William Kelly, Leonard Waldo, James Gayley, . Richard Moldenke, William R. Walker, Henry D. Hibbard, Joseph W. Richards, - William R. Webster. Henry 1%1. Howe, E. Gybbon Spilsbury, Frederick W. Wood. Robert W. Hunt, A. A. Stevenson, The Board of Directors of the Institute has authorized the holding of a meeting under the auspices of the Iron and, Steel Committee in New York City, October 16 and 17, 1913. Gratifying responses have been received to the request of the Committee for contributions, the following papers being already assured: 1. H. M. Howe, Equilibrium Temperature for A, in Carbon Steel. 2. H. M. Howe, The Divorcing of the Eutectoid in Meteorites. 3. H. M. Howe and A. G. Levy, Determination Of the Position of Ae3, in Carbon-Iron Alloys. 4. G. .K Burgess, J. J. Crowe and H. S. Rawdon, Thermal and Microscopical Examination of Professor Howe's Standard Commercial Steels. 5. H. Dl. Hove, Discussion of the Existing Data as to the Position of Ae3,. 6. J. H. Hall, Shock Tests of Cast Steel. 7. H. F. Miller, Jr., The Design of Regenerators for Open-Hearth Furnaces. 8. E. Stütz, Paper on the "Scoria Process." 9. Albert Sauveur, Mayari Steel. 10. Felix A. Vogel, Briquetting. 11. J. E. Johnson, Jr., Paper on " Cast Iron."

Jan 6, 1913

W. H. SHOCKLEY, Chairman, FRANK H.-PROBERT, :Vice-Chairman, T. A. RICKARD, Sec.-Treas.; 420 Market St.,. San Francisco, Cal. C. C. BRAYTON, J. F. NEWSOM. A Meeting of the San Francisco Section was held on May 7, 1917. Chairman Shockley was in the Chair. The Section was honored by the presence of President Moore and Secretary Stoughton of the Institute. C. W. Merrill introduced President Moore, who then spoke to the Section on the Aims of the Institute. He discussed the possibility of improving the standards of membership by introducing a classification of membership. The present rigid investigation of applicants was pointed out by him. He spoke of the important influence that the local Sections can exert on the Institute and of the importance of sociability and informality at the meetings. Secretary Stoughton, who was introduced by the Chairman, emphasized somewhat the same points. He mentioned the need for making the Bulletin of the Institute more, interesting than it is at present, this to be accomplished by raising the necessary funds by increased advertising. He asked for an expression of opinion on this point. He. said that the employment department of the Institute is now used extensively. At the request of Mrs. Mark L. Requa, Mr. Stoughton. announced that a San Francisco branch of the Woman's Auxiliary of the, Institute was being formed and asked that the ladies of the members' families send in their names to Mrs. Requa or to the Secretary of the Institute.

Jan 10, 1917

Transit A light weight, totally enclosed theodolite, especially designed for mining, has been placed on the market by Askania Werke, A. G. The instrument weighs only 41/4 lb and measures 51/8 x 71/2 in. without tripod and in a waterproof aluminum hood. It may be mounted on tripod or bracket without removing the protective hood. [ ] Standard equipment includes diagonal eyepiece rotating in all directions which eliminates need to be in line with scope for sighting and makes an auxiliary scope unnecessary for steep sights. The transit reads direct to 1 minute and may be estimated to 6 seconds by means of optical micrometer on both horizontal and vertical circles. The telescope in vertical position serves as optical plummet, sighting through an opening in the base. The instrument is shown above mounted for attaching to a pin driven in timber or rock, eliminating tripod or set-up bar in cramped quarters. The chain clamp in the lower picture is used on timber or steel ground supports. Complete with carrying case and set-up brackets, ready for use in a raise, it weighs less than 6 lb, and the protective hood remains on until the instrument is securely mounted. [ ] Accessories for increasing versatility of this mining theodolite are: tripod, electric illumination for optical micrometer and reticule, close range objective lens, and objective lens prism for sighting vertically in front of the instrument. Circle No. 1

Jan 1, 1952

M. AlbERtson, Chairman. Production Engineer, Shell Petroleum Corporation, Houston, Texas. R. P. McLaughlin, Associate Chairman. General Manager, Burnham Exploration Co., Los Angeles, Calif. Eugene A. Stephenson, Secretary-Treasurer. Professor of Petroleum Engineermg, Missouri School of Mines and Metallurgy, Rolla, Mo. Ezecutive Commillee M. Albertson, Chairman. C. E. Beecher, Empire Oil & Refining Co., Bartlesville, Okla. L. L. Foley, Petroleum Engineer and Geologist, Tulsa, Okla. R. B. Kelly, Division Manager, Pure Oil Co., Fort Worth, Texas. Hallan N. Marsh, Production Engineer, General Petroleum Corporation of California, Los Angeles, Calif. R. E. Somers, Geologist, The Gulf Companies, Pittsburgh, Pa. Production Engineering T. V. Moore, Vice-chairman. Charge Production Research Division, Technical Service and Development Dept., Humble Oil & Refining Co., Houston, Texas. Joseph Chalmers. De Bataafsche Pet. Maatschappij, The Hague, Netherlands. M. L. Haider, Petroleum Engineer, Carter Oil Co., Tulsa, Okla. Emile HUGUENIN, Deputy State Oil and Gas Supervisor, Los Angeles, Calif. Carl E. Reistle, Jr., Petroleum Engineering Dept. Humble Oil & Refining CO., Houston. Texas. Produclion J. Terry DUCE, Vice-chairman. Geologist, The Texas Company, New York, N. Y. Basil B. Zavoico, Associate Vice-chairman. Consulting Geologist, Houston, Texas. Engineering Research R. L. Huntington, Vice-chairman. Associate Professor, Petroleum Engineering, University of Oklahoma, Norman Okla. Economics Sidney A. Swensrud, Vice-chairman. Assistant to the President, Standard Oil CO., Cleveland, Ohio. Refinery Engineering Walter Miller, Vice-chairman. Vice-president, Continental Oil Co., Ponca City, Okla.

Jan 1, 1937

Roof Bolts An expansion shell and plug Westinghouse roof bolting assembly made for use with threaded steel rods and large flat washers or steel channel employs a plug larger in diameter than those for trolley wire service. The notched plug helps prevent shell and plug from turning. The unit is shipped complete. Circle No. 1 Fan The Jeffrey Mfg. Co. Aerodyne Midget fan is a self contained blower or exhauster for auxiliary ventilation through tubing. Operating rating with 5 hp motor is 6.5 in. maximum static pressure, and 6200 cfm free delivery volume. Weight is 340 to 475 lb and it may be furnished in open or permissible form. Circle No. 2 Heavy-Density Initial installation in the Mesabi Range country of the Wilmot-Daniels heavy-density concentrating system was a 175 ton per hour plant at the [ ] Skubic Bros. Virginia, Minn., operation. This Wilmot Engineering Co. unit has a separatory vessel providing unidirectional medium flow and as the only moving part uses a standard drag-line conveyor for lifting sink out of the bath. Circle No. 3 Portable pH Meter A low priced battery-operated portable pH meter of utmost simplicity announced by the Photovolt Corp. uses only 3 ordinary radio batteries which give over 2000 hours of service. Accuracy of 0.03 pH is claimed by the manufacturer for the model 125, and AC power line supply is available. Circle No. 4

Jan 1, 1952

DESPITE strikes, domestic production of copper and zinc in 1951 rose about 3 pct and 10 pct, respectively. Lead output fell only about 7 pct. Primary refined, including processed scrap and imported concentrates, was somewhat higher for zinc, and slightly lower for copper and lead. Prospects are for moderately larger mine and refined production in 1952 according to Standard & Poor's analysis of nonferrous metals. The survey goes on to report domestic copper prices averaged 14 pct higher in 1951, lead prices 30 pct higher, and zinc prices 32 pct higher. The 2¢ rise in zinc and lead ceilings in October will lift the average price in 1952 over 8 pet, assuming no further price change. Currently, OPS appears opposed to raising the 24 ½ ¢ copper ceiling to the 24 ½ ¢ maximum on imported metal. The steep premiums in world markets are likely to be reduced in 1952. Sales in 1951 were at new peaks. A further moderate rise is indicated for 1952. Earnings of the industry were at a new high in 1951. The increase for companies covered in the survey was perhaps 25 pet, despite a tax rate of about 53 pet, against about 40 pct. in 1950. Relatively maintained to moderately higher earnings are currently indicated for 1952. About two thirds of the companies covered in the survey raised dividends, including extras, in 1951. In general, maintained payments appear probable in 1952.

Jan 1, 1952