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[Consider a square block W in an ore body S2, to be valued from one centre sample w, and one corner sample w2 (Fig. 9.1). The sample set is ws = Iw,;w21. We can estimate the block average µw by the average of the sample values x, and x2: µw = 'z (x, + xz). (9.1) The error made is measured by the estimation variance: o' (ws to W) = 2 - (ws; W) - - (ws;ws) - - (W; W). (9.2) However, we know that the centre sample w, gives more information about the block value than the corner sample w2. In the example studied in § 8.4, where w, and w2 were considered to be points, we found that of (w, to W) was nearly one third smaller than o2E (w2 to W), therefore when estimating W one should give more weight to w, than to w2. In general, when evaluating a block W from a set of n samples ws, where WS = l w;w2; ... wn1, a better estimator of µw can be obtained if we give different weights to the sample values, depending on the size and the positions of the samples. Some desirable properties of such an estimator µw are: ? It should be a linear function of the sample values xi: n µw = bi xi (9.3) =t where bi = weight given to sample x . ? It should be unbiased, i.e. its expected value should be equal to the true block value: E [µw - µw] = 0. (9.4) ? The mean squared error of estimation of µw should be a minimum E [(µw - µw)2] = a minimum. (9.5) The estimator which satisfies these properties is a minimum variance, linear and unbiased estimator, and is known as the kriging estimator. The corresponding error of estimation is the kriging error. This estimator is also known as the BLUE (for Best Linear Unbiased Estimator) estimator. This was named by Matheron in acknowledgement of the early work of Krige's in the optimization of the evaluation of the South African gold mines. The following notations will be used: µK kriging estimator. o2k = o2K (w,, to W) kriging error.]

Jan 1, 1978

By S. Fiore, M. C. Zanetti, C. Clerici

The processes and fluxes of a cast iron foundry plant located in the North of Italy were analyzed in order to determine the amount and kind of wastes produced from the different activities. The main fractions are the molding sands, furnace muds and powders coming from the dust abatement plant, the exhaust lime, the furnace refractory, the metallic shotting and the sludges and powders coming from the dust abatement plant of molding lines for a total production equal to 800 t/d. All wastes were sampled and particle-size and chemically characterized to evaluate the best recycling or reuse solutions. Wastes were sieved and divided in three categories according to the particle-size dimensions: below 0.1 mm, between 0.1 and 0.6 mm and above 0.6 mm. The fraction above 0.6 mm dimension underwent magnetic separation to recover and quantify the potentially available iron fraction. The fraction between 0.1 mm and 0.6 mm was chemically characterized in order to understand if it could be fed to the sand regeneration plant. The below 0.1 mm fraction was characterized to evaluate the following recycling and reuse solutions: additive for molding sands and/or raw material for the concrete industry.

Jan 1, 2003

By J. B. Rubinstein

"The paper gives an overview of the history of flotation machine development. The laws of their evolution are stated and the place and role of column flotation are demonstrated.The major parameters of column cell diameter and height are discussed. Options are proposed for optimization of the hydrodynamic characteristics of large-capacity column cells. The high efficiency of columns with cell height of 4-6 m is demonstrated. The optimum parameters of multisectional column machines are determined. Their advantages compared to monocells are shown. A scaling-up procedure for column machines was developed based on flotation macro- and microhydrodynamics simulation."

Jan 1, 2003

By H. C. Chao, W. F. Hosford, L. H. Van Vlack

The negative "plastic Poisson's ratio" suggested in earlier studies of Mus deformation is analyzed, and the results are verified experimentally with NaCl crystals. In the early stages of deformation where the primary {110}(110) slip predominates, compression along. the [001] direction produces contraction along the lateral [011] direction plus a compensating expansion along. the [100] direction. With additional strain, the primary slip is supplemented by secondary {111}(110) slip so that the above contraction diminishes and a more typical deformation appears. THE shape change of bee and fee crystals deformed by compression or tension along [011] has been analyzed in some detail and shown to be responsible for the development of peculiar microstructures in [011] fiber textured polycrystals of these metals.1'3 This paper concerns the unusual shape change accompanying [011] compression of NaCl crystals. It is the direct outgrowth of an earlier investigation of the deformation of manganese sulfide inclusions in steel.3,4 In that investigation, cylindrical specimens of steel containing small oriented crystals of MnS were prepared by powder metallurgy and plastically compressed. The flow of the inclusions was determined relative to that of the steel by sectioning the composite and measuring the length-to-width ratio L/W of the inclusion and diameter-to-height D/H ratio of the steel cylinder on the plane of section. These L/W ratios, normalized by dividing by the initial LO/WO ratio of the inclusion, were compared with the normalized D/H ratio of the steel cylinder. Of particular interest here are the deformation characteristics of an inclusion oriented with [Oil] parallel to the compression axis. When measurements were made on sections parallel to the (100) plane of the inclusion, the L/IV ratios were only slightly in excess of unity, indicating a high apparent hardness of the [011] criented inclusion. However, measurements on a (011) plane of section resulted in L/W ratios which were much larger, Fig. 1. These observations prompted an analysis of the strains resulting from slip in an MnS crystal compressed along [011.]. CRYSTALLOGRAPHIC ANALYSIS Manganese sulfide has the NaCl crystal structure, and the predominant slip system is {110}(110). A secondary system, {111}(110), has also been reported.= {110}(110) Slip. When a crystal is subject to a uni-axial compressive stress 011 along [011], four slip systems, (101)[101.], (101)[101.], (110)[i10], and (110) [ 110], will be equally stressed with a shear stress t = 0.2 011 while the other two {110}( 110) systems will be unstressed. The normal strain En along any reference axis n resulting from slip is given by Schmid's law: en = S COS ?in COS in ?i 111 where ?in and +in are the angles between n and the i slip direction and n and the i slip plane normal, respectively, and where ?i is the shear strain on the i slip system, For the four active slip systems above, the cos ?in cos +in terms are all equal when the reference axes are the [011] compressive axis, [011] and [ 100]. Eq. [I.] therefore reduces to en - cos ?n cos +ny [2] where y =S?i for all slip systems. Substituting the appropriate angles, Eon = 0.25? 110 eon - 0.25y110 [3] €100 = -0.50y 110 The interesting feature of Eqs. [3] is that they predict that the strains in the [011] and [011] directions, resulting from {110}(110) slip, are equal and of the same sign. Thus when a crystal is compressed along [011], it will contract along the lateral [oil] direction

Jan 1, 1967

By J. Ran

"Hangingwall sloughing is the major cause of unplanned stope dilution in open stope mining. Understanding the hangingwall sloughing mechanism can guide the stope design in minimizing the unplanned dilution and improving muck size and therefore mining efficiency. Though the modified stability graph method may be adopted to assess the hangingwall stability, for mines where the hangingwall is inaccessible, the required parameters are difficult to define and some of the simple influential factors cannot be easily identified in this method to provide guidelines for stope design.This paper identifies the main modes of hangingwall sloughing in open stope mining based on detailed data collected from mined-out stopes and site observations, applies the voussoir beam notation to analysis of the hangingwall sloughing mechanism, compares the model analysis results with the collected stope data, and provides guidelines for stope design and model application. Finally, examples are given to demonstrate the time and support effects on hangingwall sloughing and stope dilution."

Jan 1, 2002

The lignites of Otago and Southland offer a potentially viable future feedstock for electricity production and possible conversion to petrochemicals or liquid fuels. The deposits, when combined, represent New ZealandÆs largest energy inventory; equivalent to about 74 000 petajoules û or approximately 35 times current natural gas reserves. Too often dismissed as irrelevant to New ZealandÆs energy future because of adverse perceptions of the value of low rank coals, the strategic value of this resource is in fact huge.   Investigations of the lignites extend back over more than 50 years (LFTB various, CRL Energy Ltd). Whilst it is not the intention of this paper to review this work, these investigations have confirmed the suitability of the resource as a feedstock for thermochemical conversion. Current estimates of South Island lignite mining costs are NZ$1.0 - 3.0/GJ (Natusch 2005), making these resources amongst the most competitively-priced energy sources available world-wide.   This value, however, will only be captured if we as a country begin to envisage a world-scale, long-life, integrated and multi-faceted development sized to supply world markets for chemicals or fuels. Recent CAE studies (Hooper and Riddolls, 2005) have emphasised the vital importance of ensuring that any exploitation of this resource maximises their value to New Zealand. The question that thus must be applied is how might large-scale utilisation of the resource fit with New ZealandÆs primary energy supply, and its potential for the export of high-value commodities.   From the broader perspective of New ZealandÆs total energy supply equation we need to examine other supply options beyond just the generation of electricity. We face in this country a situation wherein almost all our liquid fuels feedstock has to be imported with projections for an increasing dependence on imported oil. In addition NZ has a natural gas reserves-to-production ratio of less than ten years, and dwindling supply from local production. Without further natural gas discoveries, New Zealand has only a window of approximately five years before we will need to commit to imported LNG or some other thermal fuels option.   In other words, New Zealand is facing an uncertain future unless we can restore energy inventories to cover an adequate strategic reserve capacity as well as enable long-term investment in alternative sources. Within this context the South Island lignite resources are thus deserving of more attention. The extent of the resource is well known, its suitability for conversion reasonably assessed, and its magnitude such that there is little doubt that lignite conversion could adequately meet NZÆs future energy needs for many years out.   This paper reviews coal gasification technology, its application to lignite and the possibilities for future development of the lignite resources. It is argued that the strategic imperative for this country is to secure the lignite resources as a primary energy source for this country well into the latter half of this century.

Jan 1, 2005

By Viviane Tavares

The liquid crystal display (LCD) are currently known by its vast application in electro ? electronic devices, amongst them can be detached the devices of TV, laptops, electronic date, calculators and even though the mobile telephones (mobiles). The mobiles are changed more frequent of the TV for example, this happens due to the technology advance. With the constantly mobile exchange, the batteries, printed circuit board and liquid crystal display accumulation its become an environmental problem. To minimize the environmental impacts caused by mobile telephones residues are considered the segregation process of the LCDs main components, to goal to recover the recycle material. This process involves the use of treatment ore techniques with disc, hammers and balls mills. The process with best efficiency (about 98%) of LCD glass release was the hammers mill. The glass recovered can be used in the glass recycling and the sand substitution in the production of concrete blocks.

Jan 1, 2009

By R. W. Raymond

AT the Pittsburg meeting of the Institute, in March, 1910, the death of Mr. Metcalf was announced, and Col. H. P. Bope, of Pittsburg, delivered in memory of him a brief but eloquent address, which, though expressing the sorrow of Mr. Metcalf's friends, and, in general terms,. the debt of gratitude which his country and his profession owed to him, was not intended to be a complete survey of his life and work. With Colonel Bope's permission, and with the aid of some of the statements in his address, I substitute for it, in our Transactions, this more detailed, yet still inadequate memorial. As Colonel Bope justly remarked, the men who could do justice to this theme-such men, as Jones, Chalfant, Bennett, Oliver, and Park-passed away before Metcalf, leaving him almost the last of the generation of great steel-makers who made Pittsburg the Sheffield of America, and who discharged a double function, as the rear-guard of the old metallurgical practice and the van-guard of the new. I knew many of them; would that I were better qualified to celebrate their achievements. William Metcalf was born Sept. 3, 1838, at Pittsburg, Pa., where his father, Orlando Metcalf, was an eminent member of the bar. At the age, of sixteen, he entered the Rensselaer Polytechnic Institute, at Troy, N. Y., from which he was graduated in June, 1858. Returning to his native city, he became an assistant engineer in the Fort Pitt Foundry, of which. he was made Superintendent in 1859. This famous establishment produced the largest castings and heaviest machinery then known in the United States;-and Mr. Metcalf's intense, intelligent and incessant study of his business prepared him as a manufacturer for a patriotic service to his country more valuable than, as a soldier, he could have rendered in the field. The call came in 1862, when the government needed, above all things, a supply of field, naval and siege artillery. The

Apr 1, 1911

By Christopher Davey, Marian Mazurkiewicz, Yvonne Spooner, Dana Hankey, Peter Kanjorski

The concept of a high pressure liquid jet mill with highly unsteady flow, has been developed and recently patented by Cornerstone Technologies LLC (CsT), for the purpose of micron and sub-micron particle production. The mill accepts feed sizes up to 15mm for some materials and is capable of submicron production. Successful material range from precious metals such as silver and palladium to dielectric components and substrates such as Barium Titanate slips, zirconia, titania and silica. The process has also succeeded in adequately reducing the size of materials for both composite and coating uses such as anthracite coal, graphite, chrome metal, wollastonite and more than 100 others. A unique design approach has been taken to highly maximize the energy flux in the mill's chambers to create extremely high turbulence and destructive cavitation. This is assisted by shock waves, which cause particles to undergo ultra high frequency pressure pulsations, high frequency collisions and then abrasion, shattering, hydrowedging, and cleaving. Due to these extreme properties the processing occurs in just fractions of a second allowing throughputs up to 1000 kg/h on a machine that would fit inside a 60 cm box. The technical solution and technological advance, as well as the environmental and economic benefits indicate rapid and wide spread acceptance of high-pressure liquid jet milling in modern industry.

Jan 1, 2003

By H. Jiang, S. Yang

"The main processes for nickel metallurgy in China consist of electric arc furnace smelting to produce low grade nickel matte and converter to high grade nickel matte, grinding and flotation to separate nickel sulfide from copper sulfide and direct electrolysis of nickel matte. Systematic studies on the properties of electric furnace slag, smelting process for nickel matte, anodic process of nickel matte, cathodic process of nickel electrolysis have been done in our labs. In addition, an approach to a new hydrometallurgy process for nickel matte has been done. The feature of the new process is one stage acidic leaching of high grade nickel matte. The leaching solution could be purified by deposition way or by solvent extraction way. There are two leaching rate-determing steps, chemistry reaction-determing one at temperatures below 600C and diffusion-determing one at temperatures higher than 600 c. The acidic leaching fraction reacted dvaties with leaching time t according to the equation 1-(1- a ) 1/3=kt. The experimental data also show that the leaching reaction rate varies with concentrations of H+, Cl-, and it is also effected by copper sulfide and Cu++. The Cu++ ion can retard the leaching reaction due to forming a copper sulfide layer on the matte surface and the equation 1- 2/3 a. - (1- a: ) 2/3 akt can be used for the case. However the copper sulfide added into nickel matte can facilitate the leaching process. The research work for nickel metallurgy done by others in China has also been mentioned in this paper.Large scale production of nickel in China started in 1960s.The main processes consist of electric arc furnace smelting to produce low grade nickel matte and converter to high grade nickel matte grinding and floatation to separate copper sulfide from nickel sulfide and direct electrolysis of nickel matte.To reduce nickel loss in slag a reseaech group organized by Jinchuan Company and Central South Institute of Mining and Metallurgy (now the Central South University of Technology) measured the viscosity surface tention density conductance melting point and structure of the slag(I).lt has been found that the physico-chemical properties of the slag depend on the components SiO2 ,MgO and FeO but FeO in the slag is too high and the statistic analysis of data from industry gave an equation to correlate the content of Ni in slag with the content of Ni in matte and the composition of slag again it was pointed out that the content of FeO in slag effected the loss of Ni in slag very much (2). The ratio (FeO+MgO) to SiO2shouid be less than 1.13 and the content of Fe3O4should be as low as possible but the reaction"

Jan 1, 1988

By Jochen Petersen, David G. Dixon

"Although heap leaching may be perceived as a somewhat low-tech route for the extraction of low-grade minerals, the underlying physical, chemical and biological processes are in fact extremely complex. There has been increased interest in heap leaching of sulphide minerals in recent years with the advent of controlled bio-heap leaching, and the need to mine more marginal ore deposits.A detailed investigation into the dynamics of heap leach processes has provided much insight into the underlying complexities, and has led to the development of a sophisticated modelling tool, HeapSim. Some of the sub-processes that are modelled include mineral kinetics, particle size effects, bacterial growth, oxidation and adsorption, gas adsorption, pore diffusion, bulk advection, gas balance and heat conservation. The interplay of these various sub-processes is illustrated in the paper.Two case studies are presented which illustrate specific features of the model for different applications and how these have helped to identify key areas of concern. The first is focussed on chalcocite heap bioleaching, which shows that by nature of the reaction the process is strongly dependent on the initial supply of acid to the mineral site. In heaps this acid supply can be severely limited by the rate of diffusion from channels of flowing solution into stagnant zones of the heap, whereas in narrow-bore laboratory columns this effect is not observed."

Jan 1, 2003

By J. W. Hawkins, K. B. C. Brady, M. W. Smith

The Pennsylvania Department of Environmental Protection (PaDEP) has been issuing surface mining permits since 1984 that authorize remining in areas that will affect preexisting pollutional discharges. These permits require the mine operator to employ best management practices to reduce pollution loading from abandoned mine discharges. A total of 110 completed mining operations with 233 discharges were evaluated to determine the impact to water quality. Overall, acid loading from these discharges was reduced by 7,200 kg (15,900 lbs) per day or 61%. Metals loadings were also reduced. For acidity, 49% of discharges improved or were eliminated, 52% showed no significant change, and fewer than 1% got worse. Loading reductions resulted from a combination of reduced concentrations and lower flows.

Jan 1, 2002

By Amanda S. Azman

It is known that exposure to high sound pressure levels can lead to permanent hearing loss; however, many workers, in mining as well as other occupational sectors, frequently receive hazardous noise exposures. The National Institute for Occupational Safety and Health (NIOSH) recommends using a criterion level of 85 dB(A) for implementation of hearing loss prevention programs1. But, despite engineering and administrative controls, workers continue to exceed their recommended daily noise dose. Hearing protection devices are worn as a final defense against noise overexposure, but many workers have difficulty communicating or detecting warning signals while wearing them. New electronic technology has been integrated into conventional hearing protectors to allow for some degree of sound restoration. Research is currently being carried out within NIOSH, Pittsburgh Research Laboratory (PRL) to evaluate the performance of sound restoration hearing protectors. Due to certain features of the devices, such as their non-linear performance and possible manipulation of electronic settings, there are obstacles to testing them using the existing standard hearing protector test methodology (ANSI S12.42-1995 and ISO 4869-3:1997). These and other issues related to testing these devices are outlined within this paper, and possible solutions are discussed. Measures of attenuation properties have been done on a set of the devices and preliminary findings indicate that new test methods, or at least modifications of existing methods, must be developed to accurately determine device performance. Furthermore, it is necessary to know not only the attenuation properties of such devices, but also the degree to which speech intelligibility or recognition of warning signals is preserved, as compared with conventional hearing protectors. As additional data is collected a more accurate and reliable test methodology will be developed, and a more comprehensive picture regarding device performance will be determined and disseminated.

Jan 1, 2008

By Michael McDonald

The cold-rolled steel output of cold-rolling mill (CRM) complexes are sometimes constrained by their batch annealing facilities (BAF). This paper examines a cost-effective solution to increasing capacity and quality of the BAF thereby making additional capacity available for CRM output. The solution involves applying a structured system of scheduling and operation to the BAF, using a proven level-2 software model. The system presented has been applied to a wide variety of BAF with all the leading furnace brands. Whether using traditional HN atmosphere or 100% hydrogen, peak performance can be achieved when using a properly configured, on-line, physical thermodynamic model. Given that it is not practical to place a thermocouple in each coil that is being annealed, various methods have historically been used to estimate the time required to properly anneal all the coils in the charge. This paper examines how the latest technology, in wide use throughout the USA, uses a physical thermodynamic model to shorten average cycle times, thereby increasing productivity and reducing energy consumption. The paper also examines the benefit of building thermodynamically balanced charges to further optimize the BAF operation and improve quality consistency by decreasing mechanical property variations.

Jul 30, 2018

By A. Güngör, Ü. Atalay

Thermal treatment can significantly improve industrial comminution operations by reducing energy requirements and increasing mineral liberation. The assistance of thermal pretreatment prior to grinding by microwave heating is scrutinized in this study. For this purpose three copper ore samples with different chemical composition were used. To see the effect of microwave heating on ore; work index, breakage rate and breakage distribution functions of original and heat treated samples were examined. The results obtained in this study did not show significant improvement in the grindability characteristics of the studied ores with microwave heat treatment. The inadequate amount of microwave transparent matrix was the main reason for the absence of cracks and micro-fractures in the microwave heated copper samples.

Jan 1, 1999

By H. Mitri

A new monitoring device called SAFEBOLT (Stress And Force Evaluator in BOLTs) has been recently developed at McGill University. The device is essentially an alternative to the load cell, it permits the monitoring of bolt axial load in the field. The SAFEBOLT system consists of a portable readout unit, a connecting cable and the SAFEBOLT device, which is installed in the bolt head. The new device can be installed on any industry standard rockbolt or rebar. The device is completely encapsulated in the bolt head, which makes it resistant to corrosion, rugged, and free of any electric wires. Pilot tests at two underground Quebec mines were carried out and helped improve the initial design of the device head.

Jan 1, 2002

Project Sustainability Assessment - Matching Method to Enterprise Size Sustainable development requires managing natural resources, including minerals, in a way that is conducive to long-term wealth creation and the maintenance of capital (natural, social, human, economic and physical). One aspect of the minerals sustainability discussion focuses on replacing depleted mineral capital with other forms of capital so as to ensure that the contribution of a mineral project is net positive over its life. Another, equally important, aspect focuses on selection of projects and technologies that contribute to the achievement of a variety of sustainability objectives, such as environmental protection, efficient use of resources, water and energy, worker health and safety, and the equitable distribution of risks and benefits within and across generations. Technical feasibility and relative economic performance remain necessary decision criteria for mineral investment decisions, but they are no longer sufficient. Enterprises, regardless of size, are now confronted with the challenge of comparing investment alternatives based on a new, broader set of criteria. The field of integrated sustainability assessment (ISA) emerged in response to this changed social and business environment. ISA is a structured process for examining the economic, social and environmental impacts of a project or technology. The purpose of an assessment can be broad, a strategic review of corporate behavior for example, or quite narrow, input to a specific decision process such as the selection of a piece of equipment. There are numerous methods and analytical tools available to conduct ISAs and selection of the most appropriate for a given situation will depend upon temporal focus (retrospective to prospective), decision context (strategic, tactical or operational), and phase of the assessment process (problem structuring, analysis, resolution, ex post review), among others. Selection also depends upon enterprise size and the attendant availability of financial and human resources. Large multi-national firms often undertake complex, data intensive sustainability assessments, in part because the projects they are involved in are multi-faceted, long term, and require significant financial investments. Small and medium sized enterprises are seldom able to commit the same level of resources to an ISA, and if the projects they undertake are less complicated, a time consuming and detailed assessment may be unnecessary. Regardless of enterprise size, the tangible and reputational benefits of conducting as ISA must exceed the actual monetary cost of doing so. This presentation will provide an overview of available ISA tools, categorising them in terms of their data requirements, methodology, outputs and applicability in various decisions contexts. Distinction will be drawn between situations where reasonable approximations of project impacts can be expected to provide an adequate amount of information and those for which more detailed analysis is essential. Finally, ISA strategies that have been successful and cost effective at different scales of business enterprise will be identified. This is an abstract only. No full paper was prepared for this presentation.

Sep 13, 2010

By J. E. Golsan

Barrick Gold Corporation installed an expert style control system on the grinding circuit at its Mercur mine. Barrick's main objective was to increase mill throughput by a minimum of 3%. The expert system team collected operating data and then created a knowledge base using Comdale/X expert system development software. The expert system moved from on-line "advisory" mode, testing of expert rules, to full process control in four weeks. Expert system control benefits include a 9-15% increase in mill throughput, consistent mill loading leading to less wear on SAG mill parts, and improved downstream process control.

Jan 1, 1998

The problem of thin and very thin coal seam extraction in a long perspective of Ukraine?s fuel and energy industry development was determined. Technical and economic benefits of coal seams selective mining technique including beneficial environmental impact were substantiated. The scientific and practical aspects of development of borehole underground coal gasification (BUCG) technology are considered. The technological scheme of underground gas generators is offered on the basis of the authors? criteria of fitness and adaptability to the mine and geological conditions. These charts foresee the preparation of gas generators from earth surface and directly from the present mine working by inclined horizontal boreholes. Basic research is directed at abandoned supplies extraction in coal mines. Concepts of technological decisions and technical implementation of the underground part of the gasification system are worked out with analytical models, with subsequent test verification on special options and a mine experimental gas generator. Forming the technological scheme of gasification is founded on the basis of tying up spatial and sentinel factosr of coal seam gasification taking into account sufficient impermeability of the system a «gas generator ? rock massif» and to dirigibility by thermochemical processes that flow in a rock massif. The offered solutions contain the possibility of creation of the power and chemical enterprises of gasification, taking into account the complex use of BUCG products in the ecologically reserved technological cycle. Gas generator efficiency is evaluated from an economic standpoint.

Aug 1, 2013

By Oliver Bowles, Carl A. Gnam

THE construction industry normally contributes extensively to the general economic welfare of all sections of the country. Billions of dollars are spent for materials and labor, and the success or failure of many business enterprises depends upon the volume of construction. The steel, aluminum, copper, cement, brick and tile, lime, gypsum, stone, sand and gravel, and several of the less prominent mineral industries are vitally concerned. Of great interest, therefore, is the accumulation of needed construction following the relative inactivity of the past five years, the recent moderate revival in building, and the prospect of a broader and more definite upturn. One may judge the magnitude of possible expenditure for construction by what has occurred in the past. The peak years were 1925 to 1928, inclusive, when the annual values of con- tracts awarded amounted to over six billion dollars. In marked contrast was the 1933 total of about 1% billion, the lowest level shown in the Federal Reserve Board Index, which goes back to 1919, and the more favorable 1935 figure of about 1.7 billion. An increase of nearly four billion over the 1935 volume would be necessary to equal the peak year 1928.

Jan 1, 1936