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By Bruno V. E. Nordberg

Hoisting is one of the earliest endeavors of man with machinery, for hoisting was probably used by the early Egyptians. Treadmills were used for general hoisting until early in the nineteenth century and it was a short step only to attach a Watt steam engine to the rope drum of a hoist. One of the earliest steam hoists was built for a coal mine at Frisne, near Valenciennes, France. It was a remarkable piece of engineering created by James Watt in 1811, using a wooden drum on a vertical shaft. This followed the crude hoist by Holtzhausen in 1803, which used a drum of wood on a horizontal shaft.' In this country there were examples of crude mine hoists, which have been developed into the efficient machines in use today. African and Australian mines show examples of both extremes, and have an array of fine hoisting equipment exemplified in those built by British manufacturers. The influence of both English and American engineering in hoisting is interestingly evident in Canada. The information available to the writer does not reveal this to be true of South Africa, although American-built hoists have been furnished. Mining camps develop their own style of equipment, adapted to local conditions. For instance, the Butte mining district adheres to the straight drum with friction clutches, because of the great number of levels from which hoisting is done or to which men and material are lowered and the necessity for hoisting or lowering unbalanced. The north Michigan copper country uses both straight and cylindroconical drums and hoists continually in balance, so that the drums are not clutched to the main driving shaft. The Joplin mining district, Missouri, has its own peculiar small hoists. Other individual mines or localities in which a number of mines have been developed show individualistic types of hoists, depending upon their particular problems. In each instance, however, the particular problem must be carefully analyzed, as conditions are seldom so near the same that a number of identical hoists can be used to advantage.

Jan 1, 1940

By Thomas MacFarlane

I. INTRODUCTION. AMONG the industrial enterprises which have, from time to time, been undertaken in our Dominion, few have been more uniformly unsuccessful than those which have had for their object the development of our mineral resources. These resources have not been regarded as insignificant. On the contrary, it is supposed that we possess in our ore deposits something more than mere points of mineralogical interest. Some people are enthusiastic enough to believe that our mineral wealth will yet occasion the establishment in our backwoods of happy and industrious communities, causing, in fact, our wilderness to blossom as the rose. These enthusiasts do not shut their eyes to the serious obstacles which at every stage interfere with the carrying out of mining enterprises in this country, and which tempt one to believe that no such enterprise can ever be conducted to a desirable end, but they entertain the conviction that as our capitalists, miners, and technologists reach the years of discretion, and handle our mines in an economical, vigorous, and judicious manner, and as our statesmen become alive to the necessity of fostering, without extremely protecting, our metallurgical industries, mines and furnaces will gradually prosper, and so develop as to become a tower of strength to our agricultural, manufacturing, and mercantile interests. The fact that our past experience does not generally justify such glowing anticipations makes one all the more anxious to put on record the history of a successful mine, such as the Silver Islet has, on the whole, been. My connection with its discovery and early development was a very intimate one, and I propose in this paper to sketch its history and character, and sum up the amount of silver it has so far yielded. An additional reason for the appearance of this paper is that the Transactions of the Institute contain only a few references to the Silver Islet Mine. Although this mine is reported successful, we have, of course, no guarantee that it will not fall a victim to the same influences which have

Jan 1, 1880

By Robert L. Frantz

Progress and improvement continue to be the bywords of a dynamic coal industry. The industry continues to gain strength and expand its horizons in the face of competition from atomic energy and the problems of restrictive legislation. The direct contribution of coal mining and transportation to the national economy is about $3 billion a year ac- cording to a study made by the National Coal Policy conference. Coal remains the backbone of the power industry producing almost two-thirds of all the electrical energy generated by fossil fuels and one-quarter of all the energy consumed in the nation. Power supplied by electric utilities increased 6.9% last year. The chairman of the Federal Power Commission predicted a 7.5% growth rate until 1980 for the nation's electric output. Some 80,500 MW of fossil fired power plant capacity are on order or under construction before 1974, compared to a present capacity, all sources, of about 290,000 MW. The comparable new additions of nuclear power plants is expected to total about 51,000 MW.

Jan 2, 1969

By Valentin R. Garfais

The world's petroleum production in 1928 is estimated at 1,322,896,-000 bbl., an increase of about 62,000,000 bbl. over 1927, as compared with an increase of over 133,000,000 bbl. in the previous year. The daily average was close to 3,600,000 bbl., of which the fields on the American continent produced about 84 per cent. The most important development during the year has been the partial success of the attempts to temporarily control production without appealing to legislation and, as a consequence, the increasing realization that, in order to reach a permanent cure for this situation, some form of legislation is necessary to' make possible the conservation of the oil supply and the stabilization of the industry. The importance of such a control over American production is not merely local but worldwide, as the American oil supply is now and for years to come will be the controlling factor of the industry. United States.—Production in the United States, which in 1927 increased about 15 per cent. over the previous year, remained practically stationary in 1928, the total being estimated at 902,000,000 bbl., or 68.2 per cent. of the world's output. This uniformity in production during the last two years was due primarily to the curtailment of output from wells already drilled, it being estimated that the available or shut-in production at the end of the year was close to 500,000 bbl. per day, or equivalent to the combined production of Venezuela and Russia, the countries ranking second and third. Venezuela.—With a production estimated at 106,000,000 bbl., Venezuela has trebled its output in the last three years. The increase in 1928 was 43,000,000 which placed this country as second in rank, a position which it should easily maintain for years to come. The output could have been considerably larger had not the oversupply in the United States made it advisable for Venezuelan operators to enter into tentative conservation agreements. Russia.—In Russia, production has doubled in the last five years, and reached a new peak in 1928 with an output estimated at 87,800,000 bbl., or an increase of 10,000,000 bbl. over the previous year. Difficul-

Jan 1, 1929

By W. A. Backofen, M. L. Ebner

SINCE the early work of Gough with Hanson and Wright,l-3 the study of fatigue has been characterized by experiments on single crystals only in recent times.9-10 Now, increasing attention is given to this aspect of fatigue research for the insight that it may provide into details of mechanism. The investigations have concentrated to a large extent on the development of deformation markings on fatigued crystals, and have shown the cracks to originate in slip bands possibly preceded or accompanied by slip-band extrusions. Experiments of special interest to the present work were conducted by paterson5 on copper crystals and involved both metallographic examination and measurement of change in flow stress. Crystals were cycled in alternating tens ion-compress ion with a constant plastic shear-strain amplitude of approximately 0.8 pct, and were particularly revealing for their demonstration of hardening with accumulated strain similar to that in unidirectional straining, through an easy-glide stage I followed by a stage II of rapid hardening; deformation was not continued beyond 40 cycles, however, so that the eventual course of the hardening curve could not be decided. For the conditions used by Paterson, surface slip markings were similar to those observed in unidirectional straining, but there were no X-ray asterisms and no deformation bands on the surface. In current thinking about the nature of fracture in fatigue, two views relative to mechanism are generally acknowledged, with the reservation that both could apply simultaneously in some measure. As one possibility, fracturing across a slip plane is regarded as a result of loss of cohesion from the creation of many point defects by dislocation movement under the cyclic loading.'' On the other hand, fracture has also been taken to follow as a consequence only of the geometry of slip at a free surface, consisting of offsets and crevices which eventually become fatigue cracks.12, l3 The work of McCammon and Rosenbergl4 showing fatigue in polycrystals at 4.2oK makes clear that any long-range diffusion of point defects is unnecessary, yet studies such as those of Forsyth and stubington15 show that accelerated diffusion may be a characteristic of deformation under fatigue loading. Interest in obtaining data of possible use for resolving such questions led to the experiments described below. Copper crystals were conveniently loaded in alternating four-point bending at constant deflection, a test condition shown to approximate a constant plastic strain amplitude for a wide range of axial orientations. The method of testing was not readily adapted to extensive study of temperature effects, but an investigation of the geometry of crack formation could simply be made by orienting,the slip direction at different angles to the surface. EXPERIMENTAL PROCEDURES Single crystals were grown by a modified Bridgman method in a stationary gradient furnace under an atmosphere of purified dry nitrogen. Purity of as-grown crystals was 99.999 pct as determined by spectrographic analysis plus vacuum fusion and gravimetric analyses for oxygen and sulfur, respectively. Crystals were of reasonable perfection as evidenced by a critical resolved shear stress at 10 deg from (110) of 60 g per sq mm and half-width of a (400) X-ray diffraction line from one crystal of

Jan 1, 1960

By S. F. Willey

Difficulties encountered in justifying replacements for overage mobile mine equipment at the Gay mine are common to most mining operations. More critical management reviews, resulting from ever rising capital expenses, increased such difficulties. These increased difficulties are especially apparent to those who are primarily operators and are not statisticians, mathematicians or computer men. The Gay mine is located 17 mi east of the town of Fort Hall in southern Idaho. This open pit operation annually supplies the J. R. Simplot Co. and the FMC Corp. with 1.5-2.0 million tons of phosphate ore. Stripping ratios average approximately three bank cubic yards of waste per ton of ore mined. The mobile mine equipment fleet consists of ten 24-cu yd scrapers; twenty-one 30-50-ton end-dump trucks; four 3%-4%- cu yd shovels; fifteen dozers in the D-8 and D-9 classes; and three road patrols. Equipment replacement is based on the results of evaluations made on individual units.

Jan 9, 1972

Redetermination of the Chromium and Nickel Solvuses in the Chromium-Nickel System by C. J. Bechtold and H. C. Vacher, p. 14 The text of pages 16 and 17 is in improper sequence. The correct version will appear in the bound volume.

Jan 1, 1962

By AIME AIME

THE joint symposium on gases in metals on Tuesday: Feb. 16, between the Iron and Steel and the Institute of Metals divisions opened the technical sessions for both of these bodies. After a few words of introduction by P. D. Merica, R. S. Dean presented a paper by V. H: Gottshalk and himself on the solubility of gases in metals.

Jan 1, 1932

By S. Katz, M. E. Nicholson, J. J. Kelly, D. R. Curran

A series of wedges of 1020 steel (2 1/2 by 6 by 8 in.) were explosively loaded, as shown in Fig. 1. A slab of explosive on the surface of the steel wedge was initiated simultaneously along one edge, producing an essentially two-dimensional oblique shock in the metal. Pressure and density in the metal were measured as a function of distance from the explosive-metal interface by a method described elsewhere.' While for pressures below 130 .kbars the technique produces accurate results, for greater pressures the presence of two shock waves in the metalzy3 makes interpretation of the data uncertain. However, the location of the transition in pressure at 130 kbars can be readily identified from the data. The assumption of a single shock in the region above 130 kbars overestimates the pressure computed on a multiple-shock model. After firing, the wedges were sectioned, lapped, and etched with 2 pct Nital. A photograph of an etched specimen is shown in Fig. 2. The specimens were examined metallographically. The dark region, at the top of the specimen, was heavily banded, Fig. 3, while the lighter area was comparatively free from banding, Fig. 4, the boundary between the two regions being quite abrupt. The very light regions at an angle of about 45 deg to the explosive-metal interface show virtually no banding. The origin of these light regions, which are not Luder's bands, is not yet explained. The thickness of the heavily banded area was measured and compared with the pressure at the boundary between the heavily and lightly banded regions. The results of these measurements and calculations are given in Table I. For all shots, the pressure at the boundary is approximately the same

Jan 1, 1960

US 4,185,193-Method of assaying the vicinity of a borehole for uranium ore or thorium ore. A pulsed neutron source IS operated to irradiate the earth formations with fast neutrons. A detector responds to the delayed fission neutrons emitted by the ore as a measure of ore concentration and to the delayed neutrons from oxygen-17 as a measure of the neutron output of the source. The measurement of ore concentration is corrected In accordance with the measured changes in the neutron output of the source. R L. Caldwell, assigned to Mobil Oil Corp. Jan. 22, 1980 4 pp (250-269). Filed: 5-18-78 (906,907).

Jan 1, 1982

By S. F. Reiter

The paper presents isothermal recrystallization curves for 0.08 and 0.15 pct C steel at subcritical temperatures following small amounts of plastic deformation. The effects of deformation, temperature, and aging on nucleation and growth rates ore described. The free energy of activation for grain boundary migration in steel is given. SEVERAL excellent reviews of the literature have appeared concerning the recrystallization of metals.'-' The present investigation follows the approach advanced by Mehl, Stanley, and Anderson,6-7 in which the rate of recrystallization was analyzed in terms of N, the rate of nucleation, and G, the rate of growth of recrystallization nuclei. Two lots of low carbon, capped steel of the analysis given in Table I were studied. Each lot consisted of a 150 lb coil which had been hot rolled to 0.083 in. and then cold rolled to 0.042 in. at the mill. Strips 0.930 in. wide were sheared perpendicular to the rolling direction. Both steels were normalized before studying their recrystallization characteristics. The strips were cleaned, painted with a magnesia-acetone paste, and made into packs of equal weight, wrapped in 0.002 in. copper foil. The packs were placed in a salt bath at 900°C for 30 min and air cooled. A relief anneal followed in a second salt bath for 15 min at 650°C. The relief anneal was found necessary from early tests in which a longer incubation period and slower rate of recrystallization were observed in relief-annealed lot A steel than in similar material which was strained and recrystallized directly after being normalized. This effect, which indicates the presence of transformation and/or cooling stresses in steel air cooled from above the A, temperature, has also been observed by Samuels8 and Masing.9 Figs. 1 and 2 show the microstructure of lot A and B materials and illustrate the rather uniform No. 8 ASTM grain size produced by this heat treatment. Winlock and Leiter10 observed that strip specimens which had their sharp edges removed elongated more uniformly than those which were not polished. Similarly, when the sheared edges were removed on a belt grinder, it was found in the present investigation that such samples recrystallized more uniformly than did unpolished strips. Therefore, all strips were carefully rounded prior to their extension. The approximate strain limits for the production of large recrystallized grains are from 6 to 12 pct extension." It was found that for the purpose of this investigation, 8 and 9 pct elongation were suitable deformations. The strain rate employed was 0.01 in. per in. per min and produced a yield point elongation of 4 pct. Winlock and Leiter found that mild steel of No. 8 ASTM grain size gave the same yield point elongation when extended at 0.012 in. per in. per min. All of the lot A and B strips extended in tension developed a straight, stretcher strain line at each grip when the upper yield point was reached. The lines were parallel and made an angle of 55" with the edge of the strip. They approached each other with increasing strain and met near the center of the sample at the end of the yield point elongation. Immediately thereafter, a small drop in load was observed and then the load increased in a regular manner with increasing extension. The grips were initially 8 in. apart. After extension, the 6 in. gage length was carefully cut into 1 in. samples. The remainder of the strip was discarded. After a flash pickle in hot 50-50 hydrochloric acid, six samples, each of which had been taken from a different strip, were placed in a basket and submerged in a lead pot for isothermal recrystallization. Although no recovery effect was observed, strain aging did occur after extension. Therefore, samples were always recrystallized within 24 hr after their cold deformation. After recrystallization, the samples were etched with a solution comprised of one part by volume of nitric acid with three parts of water. Bromide printing paper was exposed directly at low magnifications and later used with a mask to measure the desired quantities. First, the average diameter of the largest grain visible in each sample was determined using dividers. Next, the number of recrystallized grains per unit area was counted and recorded as n. Then, for each sample, the combined area of the recrystallized grains was measured by transcribing the grain outlines to standard graph paper. Many determinations of the area of the recrystallized grains were repeated five times and indicated a standard error that was not greater than 25 pct. The average area for six samples was divided by the area of the mask to yield the percentage recrystallized. Recrystallization of 0.08 Pct C Steel The progress of recrystallization at 670°C after 8 pct elongation of lot A steel is shown in Fig. 3, a through f. The shapes of the growing crystals are approximately equiaxed, as is assumed in the

Jan 1, 1953

By P. W. George

This paper presents geological data regarding deposits of over 7,500,000 tons of fine-grained sulphide ore in barite gangue. A series of pyroclastics and arkoses was intruded by sills of quartz porphyry in connection with batholithic intrusions of granite 3 miles from Buchans. Gentle folding, with fracturing and shearing of tuff beds and intruded quartz porphyry, accompanied and followed the intrusion of granite and porphyry. The sulphide-barite mineralization is localized primarily in fractured and sheared tuff beds, but also in the sheared quartz porphyry. Two structures have proved particularly favorable for mineralization—one, the center of an anticline; the other, a series of weak, incompetent tuff beds intruded by thin sills of quartz porphyry and located between strong beds of arkose. During the folding the weak tuff with intruded quartz porphyry was intensely sheared and contorted and subsequently mineralized by sulphides and barite. Introduction Buchans is 5 miles north of Red Indian Lake, in Central Newfoundland, at an elevation of 900 ft. above sea level and 400 ft. above Red Indian Lake, and is reached by a 37-mile private railway from Miller-town Junction. The first ore body found at Buchans was discovered some 30 years ago in the bed of Buchans River, by Matty Mitchell, an Indian woodsman employed by the Anglo-Newfoundland Development Co. Ltd. In the years following the discovery the ore was developed by shaft-sinking and drifting, with results indicating a lenticular ore body in a shear zone, containing about 100,000 tons of extremely fine-grained sulphide ore in barite gangue averaging about 0.05 oz. Au, 4 oz. Ag, 1.5 per cent Cu, 10 per cent Pb, 18 per cent Zn. Because a profitable metallurgical treatment for the ore was not found, the mine was closed down in 1911. In 1915, Mr. H. A. Guess, Vice President of the American Smelting & Refining Co., learned of the Buchans River ore body, and after metallurgical tests had been carried on from time to time in his company's testing plant a satisfactory separation of the sulphides by selective flotation was finally effected in 1925. Prospecting for additional ore bodies was begun in 1926, utilizing geophysical methods under the direction of Hans Lund-

Jan 1, 1937

By S. A. Hovanessian

Analytical solutions are obtained for calculating the pressure distribution in rectangular fields due to injection and/or producing wells located anywhere within the field. The field is assumed to be homogeneous with either constant pressure or no-flow boundaries. These solutions are extended to include the calculation of average reservoir pressure and permeability from pressure build-up curves. Numerical examples are given to illustrate the application of equations to practical problems. INTRODUCTION Pressure distribution analyses are of considerable importance in the field of reservoir mechanics. A number of papers dealing with this subject have appeared in the petroleum literature. perrinel in 1956 presented a summary of the methods available for pressure build-up calculations and discussed the applicability of each in some detail. More recently (1958), Hazebroek, et a1,2 discussed a theoretical method for obtaining pressure distribution in a radial field. Also in 1958, Nisle3 gave a theoretical solution of the pressure distribution in a field extending to infinity with a partially penetrating line source at the origin. Mathews, et a1,4 applied the method of images to existing solutions for pressure distribution in radial fields and obtained expressions for calculating pressures in bounded reservoirs. However, a literature survey revealed that a general analytical solution for the pressure distribution in a rectangular field, with injection and/or production wells located anywhere within the field, was not available. Such a solution could be used to approximate the pressure distribution in a field the shape of which is nearly rectangular. Furthermore, it could be applied to pressure calculations pertaining to a single well taken from a system of wells which were drilled in a rectangular pattern. In this case the boundaries of the well drainage area are considered to be the perpendicular bisectors of the lines joining the well and its nearest neighbors. The basic problem considered in this paper consists of a rectangular field with either constant-pressure 01 no-flow boundaries and with either an injection or production well located anywhere within the field. The physical properties of the rock and fluids present are considered to be constant. Analytical expressions are obtained for the pressure distribution within the field during the production or injection periods. These expressions, which are infinite series, can be used to evaluate pressure at any point within the field as a function of time and position. For fields containing more than one well (production and/or injection), the solutions for each well acting independently are superposed. That is, at any point in the field, the pressures due to each injection 01. production well acting alone can be algebraically added to give the pressure resulting from all wells acting simultaneously. Evaluation of the series solutions given in this paper is readily accomplished by means of an electronic digital computer; and, in most cases, sufficient accuracy is obtained by setting the upper limits of summation at 20. These solutions are extended to include the calculation of average reservoir pressure and permeability from build-up data. A number of numerical examples are given to illustrate application of the solutions to actual field problems. ANALYTICAL SOLUTIONS The partial differential equation representing the pressure distribution in a homogeneous rectangular field (see Fig. I.), having a single source or sink of strength (2, can be written*

By Thomas MacFarlane

AMONG the industrial enterprises which have, from time to time, been undertaken in our Dominion, few have been more uniformly unsuccessful than those which have had for their object the develop ment of our mineral resources. These resources hare not been re garded as insignificant. On the contrary, it is supposed that we possess in our ore deposits something more than mere points of mineralogical interest. Some people are enthusiastic enough to be lieve that our mineral wealth will yet occasion the establishment in our backwoods of happy and industrious communities, causing, in fact, our wilderness to blossom as the rose. These enthusiasts do not shut their eyes to the serious obstacles which at every stage in terfere with the carrying out of mining enterprises in this country, and which tempt one to believe that no such enterprise can ever be conducted to a desirable end, but they entertain the conviction that as our capitalists, miners, and technologists reach the years of discretion, and handle our mines in an economical, vigorous, and judicious manner, and as our statesmen become alive to the necessity of fostering, without extremely protecting, our metallurgical indus tries, mines and furnaces will gradually prosper, and so develop as to become a tower of strength to our agricultural, manufacturing, and mercantile interests. The fact that our past experience does not generally justify such glowing anticipations makes one all the more anxious to put on record the history of a successful mine, such as the Silver Islet has, on the whole, been. My connection with its discovery and early development was a very intimate one, and I propose in this paper to sketch its history and character, and sum up the amount of silver it has so far yielded. An additional reason for the appearance of this paper is that the Transactions of the Institute contain only a few references to the Silver Islet Mine. Although this mine is reported successful, we have, of course, no guarantee that it will not fall a victim to the same influences which have

Jan 1, 1880

By Carl E. Swartz

For many years kettles used in the melting and refining of lead and other nonferrous metals and alloys have been made of cast iron. The logic of this probably lies in the fact that cast iron has been known as a material of construction for vessels of this type much longer than steel, and satisfactory fabrication from it has been more easily accomplished and better understood. As the capacity of lead refineries has increased, it has been only natural to increase the size of kettles. Today kettles of 150 to 250 tons are not uncommon. As the size of the kettles increased and better shapes were designed, the uniformity of material of construction became more important. Records kept over comparatively long periods of time have shown that the length of service of kettles has not been uniform. Many causes contribute to this and the importance of each has not yet been evaluated. Kettle design, kettle setting, method of firing and material of construction have been changed from time to time to obtain better service, but the variation in length of service is still great. A kettle may fail during the first few heats or may last through more than one thousand heats. The purpose of this article is not to present the conclusions of a finished piece of research on kettle manufacture and use, but to present a series of observations made over considerable time in the hope that others will publish data and that all may be correlated into a logical scheme which will result in better service and longer kettle life.

Jan 1, 1931

By G. A. Moore

A brief review is given of methods designed to produce metallic iron of high purity, and typical results are listed. A recent method, utilized at the National Bureau of Standards, consists of the extraction of ferric chloride by ether, reduction of this ferric chloride to ferrous chloride, further purification of this chloride, and the subsequent electrolytic deposition of metallic iron. iron produced by this procedure apparently is softer than, and otherwise different in properties from, any iron previously prepared and contains appreciably smaller amounts of impurities. THE history of attempts to produce "pure" iron reaches to antiquity and it may be presumed that each ancient armorer who succeeded in making a better steel concluded, correctly, that he had done a better job of removing the "base metals," and incorrectly, that he now at last had a "pure" metal. Early metallurgical papers mentioned use of "pure iron" in making alloys—this "pure" iron in most cases being inferior to some commercial stocks of the present time. Improvement has been continuous, and usually at a sufficient rate to convince each succeeding group of workers that they, at last, were using the really pure metal (until the analysts also improved their techniques to again discover the impurities). These adventures were reviewed in some detail by Cleaves and Thompson.' Although the ores of a metal may be abundant, difficulties in extracting it may make the pure metal very rare. When impurities are restricted to a total of a few parts per million, nearly all pure metals become rarities. Lead, copper, gold, mercury, silver, zinc, aluminum, bismuth, and the six platinum metals are claimed to be available with total impurities ranging from 2 to 50 ppm. The present small and scattered world supply of so-called "pure" iron holds an unimpressive place in another group of 16 metals having approximately 100 ppm of foreign material. Of about 20 less rare metals, only the platinum metals are more costly to prepare. While the production of such rare varieties of iron may appear insignificant in the presence of thousand-ton operations with 95 to 99 pct metal, it must be emphasized that all researches on commercially interesting irons and steels are in fact studies of the modifications of the properties of iron by additional materials. Until the properties of high purity iron are directly measured, all ferrous research must operate without known base values. Traces of impurities may affect the properties of a metal in many ways. Infinitesimal traces of solutes, by disturbing the electronic configuration, greatly change the electrical properties of transistors and semiconductors2-3 and slightly larger traces might alter these quantities in iron. Soluble impurities which disturb the perfection of lattice arrangement not only may alter the magnetic constants and electric properties, but by their close association with dislocation phenomena probably control the very existence of the "yield point"; determine the value of yield stress; and perhaps control the selection of slip and cleavage planes. It has been speculated that impurities might even cause the allotropic transformation in iron, but in any case their rearrangement must contribute to the unreliability of heat capacity and other thermodynamic measurements. Impurities which do not remain in solution may cause even greater effects on the properties. Microscopically visible amounts of phases other than ferrite can be found in all high purity irons which have come to my attention. It can be calculated that from 50 to as little as 2 ppm of an insoluble material might be sufficient to completely film all grain boundaries in irons having grain sizes from ASTM Nos. 10 to 1. Should this occur, such films, even though invisible, may be very important in fracture problems, especially at extremes of temperature:' Studies of grain growth and diffusion normally imply consideration of a single-phase system, hence, in the presence of insoluble impurities they can be expected to give ambiguous data." High purity iron is also in demand for use as chemical and spectro-chemical standards; for work in classifying the lines of the iron spectrum; for biological work in nutrition; and for work in nuclear physics. where the presence of some sensitive

Jan 1, 1954

By Breaux B. Castleman

The ultimate test of a business strategy is whether it achieves the owner's objectives. Most shareholders are interested in growth and profits, and share values on stock exchanges are very often closely correlated with profit growth and profitability measured as return on equity (ROE). Strategic management, then, involves managing investments or resource allocations to optimize long-term growth and real return on equity, within reasonable limits of risk. Figure 1 shows a plot of the five year, weighted average ROE of a number of communications companies against their stock market valuations in 1983, measured as a ratio of market value to book value. The principal explanation of the differences in the relative valuations of the individual stocks is historical ROE, weighted toward the most recent years. Further analysis demonstrates the added importance of growth in explaining the differences in stock market to book ratios. [ ] Research conducted by Booz Allen and others in recent years suggests that the relationships between ROE and market to book multiples hold true in industry after industry. Furthermore, we have found that in assessing business strategies for companies in these industries, the analyses should focus on whether proposed strategies are likely to lead to consistent long-term growth in real ROE, without excessive leverage. Our research also reveals, however, that these approaches to strategy assessment are not consistently applicable in the natural resource extractive industries. Figure 2 shows a similar comparison of market to book values against five year average ROE for a group of nine mining companies in 1983. Market value of the shares shows little correlation with ROE. [ ] Analysis of the data for other extractive industries indicates a similar pattern; that is, low correlation between share values and

Jan 1, 1985

By C. A. Worner

THE meeting of the Petroleum Division at the Annual Meeting of the Institute maintained the high standard set in previous years, and attendance of member: of the Division was at a new high. The impact of the war was evident not only in the tone of many of die papers but also in the presence at the meeting of many of our members now serving in the armed forces of our-country. Ken interest was manifested in all papers presented and the discussions which followed developed many additional facts of interist and importance. The first activity of the Division was the joint meeting of the Papers and Programs and the Publications Committees on Monday afternoon; at which time definite plans were formulated for a simplification and co-ordination of the work of the committees.

Jan 1, 1944

By Cloyd M. Smith

A few years ago, the Ventilation Committee established the practice of resenting one topic each year for discussion at the annual meeting. The practice has met good response on the part of committee members and I suggest that it be continued. The topic chosen for this year, "Underground Anemometry," is a topic which has bothered me for more than 20 years. It seems to me that the coal industry is content to rely on slipshod methods for measuring the rate of flow of air underground, so I prefaced my discussional charge to committee members with the statement that I regard air measnrements made in the usual way, with hand held anemometer, as no good. Agreements and disagreements came in from more than a dozen engineers, some of whom are with operating companies, coal and metal; some with manufacturers; others with government agencies. The statement was accompanied by a questionnaire on the use of the rotating vane anemometer and by one describing two methods of using a mechanically held anemometer. The questionnaire will be considered first. The questionnaire and statement are as shown on pages 5 and 6, the committee members and respondents are given on page 4, and the general comments of the latter on page 5. Questionnaire 1. Has your company or agency issued written instructions for care and use of anemometers? If so, please enclose a copy with reply. Only one answer, McElroy's, was affirmative. It gave reference to Bureau of Mines publications1'5 which recom- mend the hand held anemometer for rough measurements and indicate that am accuracy of 5 pct can be had if calibration and method factors are used. Mathews said that instructions are principally oral while Maize reported that state inspectors of his department are well trained in use and care of anemometers. 2. Are your anemometers calibrated periodically? If so, by their manufacturer? or by? Are calibralion corrections applied to all observed mean velocity readings? Only one respondent, Lee, answered negatively as to calibration. This means that anemometers are generally calibrated but the questionnaire failed to ask how often this is done. As no one volunteered the information, we have no data on this point. In six cases the instruments are sent to their manufacturers for calibration. but Krickovic reports that his company limits manu-facturers' calibrations to anemometers which are used by operating personnel; those used by the engineering department being calibrated by U. S. Bureau of Standards. The Anaconda Copper Mining Co. has its ventilation engineers calibrate its anemometers. Most of the respondents say that a calibration correction is applied to each mean velocity reading, but Krickovic limits this to surveys made by the engineering department. Since Lee does not calibrate, he has no correction to apply. Maize reports that his department has its anemometers calibrated but does not apply corrections. 3. Do your men hold the anemometer by hand in measuring air flow? for 1 min? or traverse the section? for 1 min? or at? points for 5 sec each? Of 10 replies, 6 were "yes," 3 were "no," and one was "seldom" with respect to holding by hand. Among the six hand holders, four hold in a central position in the measuring section for a minute, except that two of them, Krickovic and Matthews, traverse the section by hand for survey or fan test. Their operating personnel hold by hand, centrally, for routine measurements. McElroy sometimes traverses with hand-held anemometer in rapid survey work. 4. If the anemometer is not held by hand, how is it supported? Augustadt supports the anemometer on an adjustable rod, Condon on "a rod of sufficient length to reach all points with observer standing in one position throughout traverse and at arm's length from plane of traverse." I presume that arm's length must be interpreted liberally enough to allow for arm movement, otherwise it would be impossible to manipulate the anemometer throughout the traverse section. Mancha upholds Condon in this method of traversing. Glanville hangs the anemometer on the end of a 4-ft staff by the hasp at the top of the anemometer frame. McElroy mounts it on the end of a rigid square shaft, 12 in. long, the staff being at right angles to the axis of the instrument. He traverses the section in two halves, holding the anemometer 3 feet from his body.

Jan 1, 1950

By S. Epstein

THE new low-alloy high-strength steels are obviously here to stay. With 75 per cent higher yield strength and 50 per cent higher tensile strength than plain carbon structural steel, they permit 20 to 40 per cent weight savings and 10 per cent or more increase in pay load in the con-struction of railroad cars, buses, trucks, and a great variety of material-handling equipment. Their cost is low enough so that the extra cost of the new lighter construction over that with carbon steel offers an attrac-tive self-liquidating investment; in some instances new construction with these low-alloy steels may even be as cheap as with plain carbon steel. A considerable and rapidly growing demand for the low-alloy steels has already sprung up. The many steel compositions that have appeared on the market lately 18,27,28,29,30 to meet this demand would seem to indicate that no single composition is uniquely fitted for the purpose. However, no doubt some compositions are more suitable than others. The purpose of this study was, therefore, to compare the effects of the various alloying elements that might be used in the low-alloy steels in order to choose the metallurgically most logical composition, paying due regard, of course, to the economic aspects involved.

Jan 1, 1936