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THE problem of reaction rates in the open-hearth process is essentially that of trying to form a fairly clear picture of the "chemical mechanisms" in the bath. Quantitative data on reaction rates would perhaps not be of much practical importance even if they were available; however, what few approximate data there are can be used in combination with data given in Chapters 16 and 17 to sketch a picture of the "chemical mechanics" of the open-hearth process that is consistent with essentially all the present available evidence. The result may later be found incorrect in many details but even so it will illustrate certain useful methods for obtaining a clearer understanding of the process. Consistent with the treatment in Chapter 15, but in simpler terms, we may say that chemical reactions in general involve the following elements or steps : 1. The reacting molecules are mixed together in space in such fashion as to favor collisions among them. 2. Units of what is usually an intermediate molecular arrangement called an activated complex are formed at a certain rate, depending on temperature and concentrations. 3. .These activated complex units decompose into the reaction products (this step usually assumed to be so rapid as never to limit the over-all process). 4. In any of these steps, heat energy may have to flow into, or away from, the reaction zone to permit the reaction to proceed. 5. The products of reaction will usually have to move out of the way to permit further reaction. The temperature factor enters mainly through step 2, and its effect is very marked. (What is called temperature is really the mean energy content of all the molecules of the substance involved; at any one temperature a certain proportion of the molecules will have much higher energy content than the mean value.) Various reaction rates measured at around room tem-

Jan 1, 1964

By R. U. Fitting, A. C. Bulnes

Field experience with limestone and sandstone production indicates the existence of wide differences between the reservoir behavior of these two types of formation. Little attention appears to have been given to the separate study of the flow of fluids and the retention of fluids in limestones. This paper presents data and arguments to demonstrate the existence of a difference between the two types of formation, and urges the separate intensive investigation of limestone reservoirs. AH experimental data presented pertain to dolomitic limestone formations in west Texas and New Mexico. Two kinds of Porous media are recognized— intergranular and intermediate. Intergranular rocks are those in which the porosity and permeability are determined by the geometrical properties and the sorting of the sedimentary units; intermediate rocks, those in which there is no direct relationship between grain properties and the porosity and permeability. Limestones in general are intermediate media. The partial relationship between porosity and permeability of any class of Porous media is represelried by an area of .finite extent and definite shape on the permeability-porosity plane. The horizontal and vertical variations of porosity and of permeability in limestone and sandstone formations are discussed and compared. Comparisons are made of connate-water content, the relative permeability-saturation relationship, and capillary phenomena in the two kinds of rocks. A number of tentative conclusions are drawn relative to the reservoir properties of lime- stones; in particular, (I) dolomitic limestones are oil bearing and apparently are oil productive in zones of permeability less than 0.1 millidarcyj and (2) primary depletion (by gas expansion) oil saturations may be lower in dolomitic limestones than in sandstones. Introduction It is well known that the reservoir performance of limestones displays numerous irregularities when compared with that of sandstones, and that the departures from "normal" behavior of limestones are more frequent and generally more marked than in sandstones. This is particularly true of fractured limestones and those that have undergone considerable development of secondary porosity' A review of the literature of production research published during the past 15 years reveals a startling absence of theoretical and experimental investigations directed specifically toward explaining and predicting the performance of limestone reservoirs, even. though such problems as the prediction of water encroachment and the estimation of ultimate recoveries continue at the "inspired guess" stage. By far the greater part of the experimental data reported pertain to measurements on sandstone core samples, while the theoretical studies, almost without exception, are developed from the assumption of an ideal porous medium and therefore seldom are applicable to limestone formations. The chief cause of this situation appears to be the common belief that, to all practical intents and purposes, sandstones and the majority of producing limestone formations

Jan 1, 1945

Note Any member who desires to be designated as being "Available for Consulting Work" can arrange it simply by sending a written request to the office of the Secretary of the Institute The following list of members is primarily arranged geographically, with secondary consideration to political subdivisions arranged alphabetically First, the states of the United States , then other North America, in order Alaska, Canada, Mexico, the West Indies, and Central America Then cones South America, Europe, Africa, and Asia, each including the near by islands associated with those continents Australia, the islands to the north, and the Pacific islands except Japan are grouped together under Oceania The various countries are indexed on the preceding page NORTH AMERICA UNITED STATES ALABAMA America -Dyar, G C Anniston -DePriest, S H Klugh, B G Lefforge, J W Auburn Poor, R S Bankhead -Armstrong, W D Bessemer -Beck, A IV, Jr Carnes, D Chabot, L S , Jr Creveling, J C

Jan 1, 1952

By John A. Gann

The following investigation constitutes a brief réumé of the more important binary magnesium alloys from the standpoint of metallo-graphic technique, and the effect of heat treatment on structure and properties. The comparative newness of the subject justifies this procedure as a preface to a more detailed study of each individual series of alloys. The work was started with the idea of practical application in the industry rather than as a theoretical investigation. The alloy compositions studied were selected as those most likely to show whether heat treatment would produce beneficial results. Furthermore, it was considered satisfactory to use commercial 99.9 per cent. magnesium, the best commercial grade of alloying ingredients, and to limit the time of heat treatment at the expense of incomplete equilibrium. These facts must be kept in mind when examining the results obtained, and the conclusions drawn. Preparation of Alloys All melts were made in an oil-fired cast-steel pot, approximately 12 in. dia, by 12 in. deep. Approximately 15 lb. of flux and 50 lb. of magnesium were melted and the calculated amount of alloying metal was added. After thorough alloying and puddling, the metal was chill cast in a graphite mold with four 1/2 by 1/2 by 4 in. bars fed from a common sprue and runner. The next higher composition alloy in a given series was made by adding the calculated amount of metal to the heel from the preceding cast. The pot was thoroughly cleaned after each series and new flux then introduced, thus avoiding possible contamination from earlier melts. The percentage compositions given in Table 1 are the calculated values. While not all alloys were analyzed, enough were checked to indicate that the reported compositions are correct to a few tenths of one per cent. A more detailed description of the foundry methods employed has been given in a previous paper. 1

Jan 1, 1929

By John A. Gann

The following investigation constitutes a brief réumé of the more important binary magnesium alloys from the standpoint of metallo-graphic technique, and the effect of heat treatment on structure and properties. The comparative newness of the subject justifies this procedure as a preface to a more detailed study of each individual series of alloys. The work was started with the idea of practical application in the industry rather than as a theoretical investigation. The alloy compositions studied were selected as those most likely to show whether heat treatment would produce beneficial results. Furthermore, it was considered satisfactory to use commercial 99.9 per cent. magnesium, the best commercial grade of alloying ingredients, and to limit the time of heat treatment at the expense of incomplete equilibrium. These facts must be kept in mind when examining the results obtained, and the conclusions drawn. Preparation of Alloys All melts were made in an oil-fired cast-steel pot, approximately 12 in. dia, by 12 in. deep. Approximately 15 lb. of flux and 50 lb. of magnesium were melted and the calculated amount of alloying metal was added. After thorough alloying and puddling, the metal was chill cast in a graphite mold with four 1/2 by 1/2 by 4 in. bars fed from a common sprue and runner. The next higher composition alloy in a given series was made by adding the calculated amount of metal to the heel from the preceding cast. The pot was thoroughly cleaned after each series and new flux then introduced, thus avoiding possible contamination from earlier melts. The percentage compositions given in Table 1 are the calculated values. While not all alloys were analyzed, enough were checked to indicate that the reported compositions are correct to a few tenths of one per cent. A more detailed description of the foundry methods employed has been given in a previous paper. 1

Jan 1, 1929

Jan 1, 1896

Jan 1, 1923

The following is an incomplete list of members and guests who called at Institute headquarters during the period Jan. 10, 1918 to Feb. 10, 1919. Walter F. E. Barcus. Lt. C. K. McDonald, U. S. N. R. F. Capt. D. H. Bradley, Jr. Major John DeN. Macomb, Bayhead, N. J. Melvis Buigger. - Samuel Melitzer, New York City. Eugene Coste, Calgary, Can. T. C. Merriman, New Haven, Conn. C. W. Cromwell, Warren, Ariz. Wm. J. Millard, Tulsa, Okla. E. O. Daue. Benj. L. Miller, Bethlehem, Pa. Capt. H. W. Edmondson. S. B. Patterson, Jr., Allentown, Pa. E. W. Engelmann, Hayden, Ariz. Lynn L. Pomeroy, New York City. C. Mason Farnham. W. E. Pomeroy, New York City. Lt. C. W. Frith, Salt Lake City, Utah. G. M. Ponton, Ottawa, Ont. John T. Fuller, Honesdale, Pa. Wallace E. Pratt, Ft. Worth, Tex. Walter A. Funk, Idaho Sp., Colo. Harold L. Rau, Milwaukee, Wis. Major W. R. Grunow, New York, N..Y. Lt. E. J. Ristedt, Camp Merritt. A. W. Hackwood, Butte, Mont. George M. Ryall, Los Angeles, Cal. Lt. Nathaniel Herz, New Haven, Conn. D. B. Scott, Mogollon, N. M. Ralph T. Hirsh, New York City., W. H. Staver. O. P. Hood, Washington, D. C. Douglas B. Sterrett, Washington, D. C. E. B. Hopkins, Houston, Tex. J. A. Stewart, Minneapolis, Minn. Hugh C. Ingle, Pensacola, Fla. R. H. Summer, Wilmington, Del. Capt. Wm. F. Jahn. W. G. Swart, Duluth, Minn. Roswell H. -Johnson, Pittsburgh, Pa. Kirby Thomas, New York City. Jesse L. Jones, Pittsburgh. Pa. Capt. H. D. Trounce, San Diego, Cal. Edgar Kidwell, Berkeley, Cal. L. Unger, New York City. .D. H. Ladd, Detroit, Mich. George F. Vivian, Butte, Mont. Raymond B. Ladoo, Cambridge, Mass. R. A. Walter, Reading, Pa. W. H. Landers. Lt. R. G. Wayland, Chehalis, Wash. David Lasner, Elizabeth, N. J. R. J. White, Wallace, Idaho. J. M. Lilligren. J. S. Wroth, Albuquerque, N. M. Lt. Wm. J. Linn, Chicago, Ill. Herbert Hoover, General Pershing, Ambassador William G. Sharp and Admiral William S. Benson were speakers to-day at the annual luncheon in honor of Washington's Birthday, given by the American Club of Paris at the Palais D'Orsay.

Jan 3, 1919

[Abad. Leopoldo F., Min. Engr., Div. of Mines, Bureau of Science Manila, P. 1. '28 Abadilla, Quirico A., Geol., Lago Pet. Corp Box 172, Maracaibo, Venezuela. '20 Abarquez, Ramon F., Met., Bureau of Science Manila, P. I. '24 Abbey, Robert Graham, Student, Case School of Applied Science Cleveland, Ohio. '21 Abbott, A. N., Mines Supt.. Mazapil Copper Co,, Ltd Concepcion del Oro, Zac,, Mexico. '28 Abbott, Clarence E., Mgr,, Mines & Quarries, Tenn, Coal, Iron & R. R. Co., 1242 Brown Marx Bldg,, Birmingham, Ala. '04]

Jan 1, 1928

By H. H. Stoek

The fundamental reasons underlying the choicc of a method of mining a coal seam are safety of operation, cheapness of producing the coal and the character of the product as a saleable article. From the standpoint of safety, open or strip coal mining is always preferable, as many of the dangers inherent to underground work are absent, such as explosions of gas and dust, falls of roof and coal, and also to a great extent those due to haulage and the use of explosives, thus eliminating three of the chief causes of accident from which about 75 per cent. of the underground accidents in coal mines occur. The conditions under which coal is stripped also make the work much safer than ordinary quarry work, as the depth of the pit is usually comparatively small. Prom the standpoint of low mining cost, there is much misapprehension and many of the costs given are misleading in that they do not take into account such items as the destruction of the surface for future use, the full cost of the removal of the overburden, depreciation, amortization, coal depletion, loss of time through floods and from bad weather in winter, etc. Coal is no doubt often put on the cars at less cost by stripping than by underground mining, but by no means always so, as is too generally assumed. In some cases coal must be obtained by stripping or not at all, because the small amount of overburden renders underground mining impossible.

Jan 1, 1918

E. Windsor Richards, London, England:—In reading this paper the most interesting point to me mas the question of the maximum percentage of phosphorus allowable in the steel rail. Mr. Colby said, and we will all agree with him, that the engineer knew, and even a steel-rail maker grants that phosphorus is the most undesirable constituent of steel. We in England have been for a long time considering a specification for the supply of steel rails. This matter has been taken up by the Institution of Civil Engineers, the Mechanical Engineers, the Iron and Steel Institute, the Institute of Naval Architects, and the Electrical Engineers. Committees have been formed,and the whole matter has received most careful attention. They arrived at last at an analysis which I will read: " The carbon is to be from 0.35 to 0.5 per cent.; the manganese from 0.7 to 1.0 per cent.; the silicon, not to exceed 0.10 per cent.; phosphorus, 0.07; and sulphur, 0.07 per cent." As to the phosphorus, which is the most important point of all in the analysis, we have for many years, and indeed until very lately, always agreed to supply steel which would not contain above 0.06 per cent. of phosphorus. Iron-ores are not quite as good now as they were formerly, and the manufacturers at the meetings of the committees referred to, tried to obtain an increase in the allowance of phosphorus. They asked the Sub-committee to agree to 0.08 per cent. of phosphorus. They tried all they possibly could to obtain that; but they failed. English engineers in Great George Street and all over England, representing the important Associa tions I have mentioned, would only agree to 0.07 per cent. and that is the maximum allowance of phosphorus. Mr. Colby is an able advocate, but with all his ability he would not have been able to persuade the English engineers to agree to 0.08 per cent.

Jan 1, 1907

By C. H. Mahoney, A. L. Tarr, P. E. Le Grand

Magnesium, it is now generally realized, differs in some important aspects from most other structural metals, not excepting even its close neighbors, the aluminum-base alloys. This is particularly true with respect to the effects of elevated temperatures on the two light metals when in the molten state. Aluminum, 0' the one hand, should not be raised above its melting point any higher than is absolutely necessary if one is to avoid danger of gas absorption and a tendency toward grain growth in the resultant casting.' Magnesium alloys, in sharp contrast, actually benefit by being heated to temperatures considerably above their melting point, It is a commonly accepted practice to establish the desired fine grain in the industrial magnesium alloys of the aluminum-hearing group by raising the temperature of the melt after the refining treatment to some 250°C (482°F.) above the melting range. To recall briefly the typical practice for magnesium alloys, the molten metal is refined by fluxing at about 730°C. (I350°F.), and after the melt has been covered with a suitable flux, the temperature is raised to between 870°C. (I600°F.) and 930°C. (1700°F.). It is then cooled as quickly as possible to the casting temperature. This superheating, as it is called, results in a fine-grained cast metal structure which has superior mechanical properties, enhanced amenability to 'solution heat-treatment, and better machinability than cast metal that has not been superheated. The minimum temperature of superheating varies to some extent with the composition of the alloys to be treated and usually increases with the percentage of magnesium in alloys containing the same constituent metals.' It should be noted that the grain-refining effect of superheating is markedly apparent only in connection with the alloys containing aluminum as an alloying Constituent—the binary alloy containing 1.5 per cent manganese, for example, is not refined in grain to any noticeable extent by a superheating effort. While the phenomenon of superheating is well known in the magnesium industry, the mechanism of the process has remained a mystery During the superheating cycle something occurs that forces a fine grain upon the solidifying metal. The process has been controlled in an empirical manner, and occasionally, especially on large-scale melts, and for no apparent cause, no grain refinement is obtained from a superheating treatment. Only a few papers of importance have been published on the subject. Of these, one of the most helpful is the paper by Achenbach, Nipper and Piwowarski,3 which gives considerable data concerning the effect of superheating on various properties such as fluidity, shrinkage and hot crack

Jan 1, 1945

THE developments in construction and operation of the basic open-hearth furnace that have taken place in recent years have placed new emphasis on the vital influence played by regulation and control of the combustion system in both furnace production and furnace life. The several factors influencing flame development, such as regulation of fuel supply, air supply, air preheat, furnace draft, and furnace reversal, must be controlled closely if successful furnace performance is to be accomplished. Rugged instrumentation of distinctive design is required to sup- ply dependable information concerning operating conditions, which is requisite to proper regulation of combustion. This chapter attempts to give a practical discussion of the various features of open-hearth practice and instrumentation related to the efficient heating of the furnace, control of temperature, and protection of the furnace structure from accidental overheating. The appended references will be helpful to readers wanting a more detailed treatment of individual topics. OPEN-HEARTH FUELS The most important open-hearth fuels are listed in Table 4-1 together with their compositions and other data useful for combustion calculations. A detailed discussion of open-hearth fuels is not attempted here, but certain factors peculiar to their application to this type of process are briefly indicated on the following pages. Very often an open-hearth shop is forced by economic factors to use a fuel to which its furnaces are not very well adapted, because the general fuel-allocation scheme for the works as a whole seems to demand it. Often a variable marginal supply of coke-oven gas or tar must be consumed by the open hearth, together with another fuel such as producer gas, natural gas, or oil, to fill out total requirements. Most furnaces employ more than one kind of fuel during their useful life; however, the partial redesign

Jan 1, 1964

Abbott, Argyle Campbell 1209 Sherwin Ave., Chicago, Ill. Almstrom, Adne A., Student, Met. Engrg., Washington State College Pullman, Wash. Ankudinoff, N., School of Mines, Univ. of Utah Salt Lake Cite, Utah. Apter, Robert F., Student, McGill Univ Montreal, Que., Canada. Bailey, Donald G 798 Kensington Rd., Los Angeles, Cal. Baker, Kenneth B., Met., Aluminum Co. of America Pittsburgh, Pa. Barger, Thomas, Student, Univ. of North Dakota Grand Forks, N. D. Bartholomees, Geo. C Box 304, Bonne Terre, Mo. Bates, Walter, Student, Univ. of Utah, School of Mines Salt Lake Cite, Utah. Bobb, Russell V 16 College Ave., Houghton, Mich. Boswell, John C., Stripping Asst., Fairbanks Exploration Co Fairbanks, Alaska. Brandenburg, E. C., Student, Univ. of Kentucky 112 Church St., Lexington, Ky. Brannen, John, Chemist, Assay Office, Consolidated Min. & Smelt. Co. of Canada, Ltd., Tadanac, B. C., Canada. Brooker, Edgar, Jr., Student, Ferrous Met., Stanford Univ., Stanford University, Cal. Brooking, Leslie E 738 Lakoma, Norman, Okla. Clark, Martin Lester, Student, Missouri School of Mines Rolla, Mo. Collins, Edward D., Jr Box 1597, Ribbing, Minn. Comeau, Faye Bernard, Student, New Mexico State School of Mines Socorro, N. M. Conder, Henry S., Student, Pet. Engrg., College of Min., Univ. of California, Berkeley, Cal. Cotton, John Francis, Metallographist, Stealton Plant, Bethlehem Steel Corp., Steelton. Pa. Dahlgren, Elmer George, Student, Univ. of Wisconsin, Tripp Hall, Madison, Wis. Dale, James L., Student, Colorado School of Mines Golden, Colo. Dashti, Mirza Abdullah Khan, Graduate Student, Columbia School of Mines, Engrg. Chemistry, New York, N. Y. DeHuff, Gilbert L., Jr., Student, Lehigh Univ Bethlehem, Pa. de Romana, Enrique P., Jr. Engr Casilla 22, Arequipa, Peru. Oresbach, Charles Howard, Geol., Gulf Production Co Box 1428, Amarillo, Tex. Evens, Howard G., Student, Michigan College of Min. & Tech Houghton. Mich. Fassler, Glen Emerson Rodman, Inspiration, Ariz. Feight, Charles Donald, Foreman, Clairton By-Product Coke Wks., Carnegie Steel Co., 319 5th St., Wilson, Pa. Floe, Carl F., Student, State College of Washington Pullman, Wash. Fuentes, Vicente, Student, Pet. Engrg., Univ. of Oklahoma, School of Mines, Norman, Okla. Fuhrman, Carl F., Student, New Mexico School of Mines Socorro, N. M. Goergen, Gerald G., Cerro de Pasco Copper Corp Casapalca, Peru. Grove, Hubert A., Training Course, U. S. Aluminum Co New Kensington, Pa. Gastetter, Robert E 1010 N. Cherry Ave., Tucson, Ariz. Halbouty, M. T., Student, Texas Agriculturcl & Mech. College, Box 254, Faculty Exchange, College Station, Tex. Halfast, Edgar 710 E. Okmulgee Ave., Muskogee, Okla. Hall, Robert Lee 121 58th St., Niagara Falls, N. Y. Hanson, Rolf H., Student, Colorado School of Mines Golden, Colo. Hillyer. Shaler G., Student, New Mexico School of Mines Socorro, N. M. Hoertel, Frederick W., Met., R. W. Hunt Co., Engrs St. Louis, Mo. Holtz, Henry G., Student, Ohio State Univ Columbus, Ohio. Hon, Richard J Box 721, Miami, Ariz. Huffman, James O'Neil, Student, College of Min., Univ. of California Berkeley, Cal.

Jan 1, 1929

Jan 1, 1923

By G. L. Oldright, T. B. Brighton, C. M. Dice

The base bullion from the lead blast furnace contains varying amounts of the impurities left in the smelter feed by the concentrator, regardless of the method of smelter operation. These impurities may be held in part in mechanical suspension rather than being present as true alloys. However, usually there is little free space in the crucible in which to separate these drosses before the bullion is taken from the lead well. When such a dross is melted in a laboratory crucible and allowed to cool, the products obtained are lead bullion, speiss, and matte in well separated layers. Typical analyses of layers are: Analyses. Per Cent Element Bullion Speiss Matte Pb.............................................. 92.0 41.2 38.3 Cu.............................................. 2.4 36.3 40.6 As............................................... 4.0 16.5 4.3 Sb............................................... 0.7 0.2 0.4 S................................................ 0.6 1.9 13.1 Fe............................................... 0.0 0.0 0.0 Totals......................................... 99.7 96.1 96.7 The absence of iron in these products drossed from the blast-furnace bullion proves that the impurities for the greater part are not simply finely divided blast-furnace speiss or matte that has been dissolved or dispersed in the lead, but are held in solution by the liquid metal and rise to its surface as infusible compounds when the temperature of the bath is lowered. In general, the drosses made locally are metal sulphides and arsenides and not oxidized compounds. The large content of metallic lead also does not seem to be retained because of oxidized compounds

Jan 1, 1937

By Fred A. Hale

Owing to the large area included in the Yellow Pine mining district, and the varied nature of its mineral deposits, a detailed geological description of the district could be covered only in an extensive monograph. This paper is intended as a description of the most prominent geologic features only with special reference to those of economic importance. The first mention of the district was in 1903 by J. E. Spurr, who briefly describes the structural geology of the Spring Mountain range. In 1906, H. F. Bain2 briefly described the Potosi mine. James J. Hillla of the United States Geological Survey, visited the district for a brief period in 1912, the result of which is an excellent reconnaissance report, covering the district in some detail but necessarily with brevity. Since that time, articles covering special features of the district have appeared in the technical press, including some by the writer, and a notable description of the Boss mine, by Adolph Knopf,4 appeared in 1915. Development of the district during the past few years has progressed so rapidly and with so many notable discoveries, particularly with reference to the rare metals, that a further description at this time may prove of interest. The writer's acquaintance with the district is based on 7 years' continuous residence in the vicinity, beginning with the spring of 1910. A. Location and Topography The Yellow Pine mining district is situated in the southwestern portion of Clark County, Nevada, about 300 miles northeast of Los Angeles, along the line of the Los Angeles & Salt Lake Railroad. The district extends from Mt. Olcott on the north to the California line on the south,

Jan 1, 1918

By W. H. Adams

Among the engineering plants with new features and deserving details which are constantly being brought to the working stage in the Southern States by the generous expenditure of capital, none can exceed in interest, whether to the public or the profession, the incline-railway built from base to summit of Lookout Mountain, near Chattanooga, Tennessee. Much geological and historical interest centers in this section of the middle mountain-country. Of its geology, the Transactions of the Institute contain many particulars. Of its history, the most

Jan 1, 1888

By Sidney Powers

CONTENTS PAGE Distribution of fields 4 History of development 6 Origin of oil 7 Structure,, accumulation and migration 8 Reservoir rocks 9 Methods of drilling and exploration to Oil-field statistics 12 Description by regions: United States: Appalachian region 12 East-central states 17 Kansas 18 Oklahoma 19 Texas 24 Arkansas 32 Louisiana 33 Mississippi -.. 34 Rocky Mountain region 34 California : 37 Canada 41 Mexico 43 Cuba 46 Bibliography 46 THE purpose of this brief account of the occurrence of petroleum in North America is to make available to those who have a knowledge of geology, but who are not engaged in the petroleum industry, a few salient facts about the location of oil and gas fields, their productivity, the important structural types of accumulation and the age of the rocks containing petroleum. A few useful data and statistics are furnished, yet not complete statistics that are available elsewhere. Geology has been treated in simple terms because the reader is presumed to have little interest in the names of formations and of oil sands. Mineral deposits are more or less analogous. Whether oil or metals, minerals are found in rocks, largely in sedimentary rocks which carry water or have at one time carried it. A genetic or accumula-

Jan 1, 1931

By William Hilliard

IN any manufacturing business, it is of vital importance that the management should know the exact cost of the units of production. Without such knowledge, a company can sell blindly in the open market, obtaining the best prices it can in competition with other firms, and manage perhaps to continue in business for a time; but at any moment, and especially in a period of falling prices, such a firm is at a loss to know exactly at what point it can sell at a profit and exactly how much it is losing per unit if it sells below that point. Furthermore, it is necessary not simply to know the exact total cost per unit, but to know definitely all the different-factors which enter into that cost. A firm manufacturing pocket knives had been doing a profitable business for many years when it began to earn smaller and smaller profits, until there was scarcely any profit at all being realized. Being unable to determine exactly what its future policy should be, it called in experts who studied the past records carefully and followed out for a period a better cost, system. Investigation then showed that on several different kinds of knives in common use, a small profit per unit was being made. On a number of special kinds of knives, of which the firm was very proud, it had been forced to cut prices under the pressure of outside competition and had believed that a small profit per unit was still being made on that product, while a detailed cost analysis showed that a loss was being incurred on each knife of that kind produced. It then became clear that the company must either give up the special line and concentrate wholly on the cheaper knives and extend their sales to territory not yet developed; or expand its plant and produce more of the higher grade knives and thus lower the cost per unit enough to make money on the higher grade knives also, if conditions warranted such expansion. Investigation revealed that the market for large quantities of the high-grade -knives was decidedly uncertain and that the most promising move would be to manufacture only the less expensive knives on a larger scale. That plan was carried out and the concern began again to make a better profit.

Jan 1, 1932