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This chapter looks at the development and use of the operating budget. This is management's plan of action in the short term, usually one year. The operating budget includes all expensed production costs (i.e., all costs reported as cost of goods sold) but does not include expenditures on capital equipment, which are usually justified using discounted cash flow techniques.

Jan 1, 1999

Jan 1, 1889

Jan 1, 1899

By William Hutton Blauvelt

An official of one of the prominent iron companies of the South recently made the following statement during a discussion of the present conditions of the Southern iron business: " The trouble with us in the South has been that we have been satisfied to buy iron and coal lands, build blast-furnaces, and make pig-iron. We stopped at pig-iron, and as a result we are all poor. The South needs diversified industries, and needs to work up its raw products into articles the Southern market can use. If we had realized this sooner, some of us might now be rich." The South is awakening to this view, and in the Birmingham district alone one basic steel-mill is already in operation, and in a year's time another and much larger one will be turning out rails and shapes, with rod- and wire-mills in prospect. It is to chronicle another metallurgical step forward in the same district that I have prepared the following description of the new by-product retort coke-oven plant recently put in opera-

Jan 1, 1899

By Jacob T. Wainwright

This stove has been designed to meet the requirements of a fur nave that must be operated with either a reducing or a neutral flame ; and more particularly to make feasible the operating of re duction-furnaces with the cheaper grades of gas-fuel, which has heretofore been impracticable. In general, cheap gas-fuels result from incomplete combustion, and, being suited for further combustion, answer very well for heat ing purposes; and high temperatures may be attained with them, when they are used in conjunction with regenerative stoves. But, in operating a reduction-furnace, a high temperature is not the only requirement. It is also necessary that the fuel shall not be cansumed beyond a certain degree, in order to insure a re ducing flame for the reduction-process ; consequently, it becomes necessary to dispense with combustion as much as possible previous to the use of the fuel-gases in the reduction-furnace. Moreover, these gases must be preheated to a high degree, in order that a sufficient temperature may be maintained in the furnace; and, since this preheating cannot be accomplished by a previous, partial combustion of the gases themselves, it follows that the stoves for pre heating these gases should be heated to as high degree as it is pos sible to attain with an inferior fuel. This result can best be accom plished by complete combustion of the heating gases, and is further facilitated by preheating all of the air and gas used for this com plete combustion. It is more particularly desirable to preheat the air, since the combustible gases used may generally be obtained directly from the furnace, or gas-producer. The reducing gases, escaping from a gas-fuel reduction-furnace, are capable of considerable further dilution with air to secure com plete combustion, and consequently may be utilized for heating the stove to a high temperature, provided the air be sufficiently preheated.

Jan 1, 1889

By H. O. Hofman

INSTITUTE OF TECHNOLOGY, In deternlining experimentally the fusibility of clays, two kinds of methods may be distinguished—the direct and the indirect. Of the direct methods, that of Seger has found

Jan 1, 1899

By Richard E. Chism

The dry methods of assaying mercury-ores and other combinations of mercury all rest upon the volatility of this metal as a beginning. After the separation of the mercury in the form of vapor from the matrix upon which the assay is performed, the mercurial vapors are either condensed upon cold surfaces or received upon a gold plate into which the mercury is absorbed.

Jan 1, 1899

By William B. Potter

We have come together on this occasion, as so often before the members of the Institute have met in friendly council, to hear and discuss whatever investigation, observation, and experience during the past months may have developed of value or interest to the many departments of knowledge and practice represented in this association. The member, possessed of the true scientific spirit which this Institute is especially intended to foster, brings here the results of his experience and study unrestrained by fear of giving undue advantage to competitor or rival. He appreciates, moreover, the responsibilities of membership and his duty to the cause, and how much is to be gained by himself from the keen but friendly criticism of his fellow-workers and even by the suggestions that may come of shrewd question or chance remark from those who labor in other but related fields.

Jan 1, 1889

By Ralph H. Sweetser

When a furnace-manager is '(blowing in," he generally has no time to consider the composition of the waste gas, and does not bother with it, except to take care that he does not get " gassed." Moreover, the analysis of the gases while the wood is still burning has not much to do with the economy of the normal working of the furnace; yet, on account of the deadly effects of the " blowing-in " gas when inhaled, and of its high explosive qualities, it is interesting to know its composition. In the Transactions there is no record of the analysis of the gas during an up-to-date " blowing-in." Even in Mr. Whiting's admirable paper (Trans., xx., 280) the reported analyses did

Jan 1, 1899

By F. V. Greene

This paper is based on my experience in the use of asphalt, for paving and other purposes, during the last ten years, part of the

Jan 1, 1889

By Archibald Blue

JUST one hundred years ago, in a paper read before the Royal Society of London and published in its Transactions, Rt. Hon. Charles Greville established and named the mineral species, corundum, the crystalline oxide of aluminum; and we have it on the authority of Professor Judd that in an appendix to Greville's paper the Count de Bournon correctly defined the crystallographic characters of the species. The names of its

Jan 1, 1899

Jan 1, 1899

Edgar Hall, Tenterfield, New South Wales (communication to the Secretary): Mr. Klepetko* asks for information showing at what percentage antimony and arsenic, as impurities, begin to affect injuriously the quality of brass.

Jan 1, 1899

O. S. GARRETSON, Buffalo, N. Y.: If I may judge from the half-tone illustration engraved from a photograph of this medal and accompanying Dr. Prazer's paper, I do not think the cast ing is exceptionally fine. I have often made castings of simi lar character which I think were equally good. For instance, I have taken a coin, moulded it directly in fine sand, and cast from it in Scotch (or the equally good, if not better, Ameri can Scotch ") foundry-iron a copy quite as sharp and smooth as the original. The secret is in using very fine sifted sand. In fact, I have used for this purpose the dust which had accumulated on the beams overhead in my foundry, riddling it with a very fine sieve before using it. ['NOTE BY THE SECRETARY.—After the session at which these remarks were made by him, Mr. Garretson cast at his Buffalo foundry, in the presence of a number of members of the Institute, copies of the bronze pin furnished to visiting members by the Local Committee of the Buffalo meeting. The accom panying illustration, Fig. I, has been reproduced from a photograph of such a casting, made in green sand, under the conditions of ordinary foundry-practice, and not subsequently polished in any .way. I can also certify that the photo graphic negative was not touched, to improve its clearness of definition, before the production of the " half-tone" plate from which Fig. 1 has been printed. As, in the case of the Kytchtym medal, it was the thin, ribbon-like sprue, rather than the low-relief features of the medal itself, which indicated the fluidity of the metal and the sharpness of the casting, so in this work of Mr. Garretson it is the long and slender pin which offers the strongest evidence of these qualities. It is scarcely neccssary to point out that the filling in the mould of a long and nar row opening, such as this pin presents, is the severest test that could be imposed upon the casting, and that the sharpness of the point of the pin in the casting is striking evidence of the success with which this test has been met. The Pittsburgh Testing Laboratory .has made for the American Manufacturer measurements of this casting and an analysis of the sprue. The thickness of the main casting is from 0.049 to 0.068 inch. That of the tag bearing the stamped number is 0.024 inch. The analysis, which represents the iron ordinarily employed by Mr. Garretson for thin castings, is as follows :

Jan 1, 1899

Frank Owen, El Perú Venezuela (communication to the Secretary): Mr. Cragoe's accurate description of the rich and extensive mines of the Frontino and Bolivia Co. is of much interest to those acquainted with Colombian mining. While the labor in that part of Colombia is, of course, admittedly far inferior to that of white miners, it is,. nevertheless, decidedly superior to that available in other parts of the republic, and in the northern mining regions of South America generally. The Autioquenos have been miners for several generations, and many of those employed at the Frontino Co.'s works have been brought up at the mines, which is a distinct advantage. The ground encountered in the surface-workings of that district being very treacherous, they are skillful timber-men, every miner being able to put in his own timber in tunnels, stopes, etc., so that, except for the main shafts, where sawn timber is used, special timber-men are not required. In the shallow workings it is the custom for a miner to come out of the mine into the thickly-wooded bush and select and cut the timber he requires, which he will then take into the mine and put in

Jan 1, 1899

R. W. Raymond, New York City: From a study of Mr. Johnson's paper, I conclude that his apparatus is simple in construction and operation, and imitates in a revolving machine the movements of hand-shoveling. It does what a man would do in removing sand from the waste-water with a perforated shovel. I am sorry to say that I fear the present condition of the brown-ore mining industry in the East, as long as

Jan 1, 1899

J. M. HARTMAN, Philadelphia, Pa.: Mr. Fackenthal can remember some queer things that occurred at Durham, Pa., Aug. 3, 1876, while he was superintendent. The furnace was working stiff, i.e., blast-pressure 10 to 11 pounds, which was high pressure for those days. With this pressure there was some circulation through the stock. At 9 p.m., flushed cinder. After flushing, air was thrown off' for a moment to " bot up "; the keeper turned the lever and threw on air just as the scaffold dropped, which eased up the pressure to 4¼ pounds. The air-receiver is twice as large at Durham as at other places. The air from this receiver, added to the two seven-foot blowers, gave an extra large volume, which, rushing into the furnace, fired the finely-divided carbon, causing an explosion that threw part of the stock in the furnace out into the open air, threw up the bell-and-hopper with the tunnel-head plates, and gave off' a large volume of carbondust. The bell-and-hopper going up first, the stock followed, and, striking the bell-and-hopper, was deflected in a shower over the cast-house roof, breaking the slates. Sitting at the corner of the engine-house at the time, the stock pelted me, when I ran around the corner to get rid of it. Remembering there were two men at the furnace-top, I shut down the engines, and, running to the top, found them sitting in the hoist-house enjoying the fire-works. The explanation of this explosion is simple. There is in the blast-furnace a bed of fuel extending up, say, 16 to 18 feet above the tuyeres; in this bed of fuel some stray pieces of limestone are found, and a few pieces of unreduced ore; but, generally speaking, it is all fuel. On this bed of fuel is the zone of fusion. In this zone the descending stock is liquefied, except the fuel; the iron, melting, drops out of the ore, and the gangue unites with lime, forming cinder. The iron falls in the form of shot, and, with the cinder, trickles

Jan 1, 1899

PROF. COURTENAY DE KALB, Kingstou, Oat. (communication to the Secretary): It. may be due to some lack of carefulness in expression that Mr. Upham seems to imply that there

Jan 1, 1899

R. W. Raymond, New York City: In connection with the subject of multiple tuyeres, my attention has been drawn to the practicability of gaining, without the multiplication of tuyeres, the advantages which that measure is intended to secure ; and learning that this had been attempted in the invention of the Gaines radial-discharge or fan-shaped tuyere, I wrote to Messrs. Gustafson Brothers, of Sequachee, Tenn., who manufacture that tugere, for information concerning the invention itself and its performance in practice. To their courtesy I am indebted for most of the facts given below. I present these statements without expressing any personal opinion on the subject (having no personal knowledge of it), for the purpose of bringing this device to the notice of members, and calling forth both criticism and testimony concerning it. Admitting that definite advantages are to be secured by the multiplication of tuyeres, we must still confess that this change involves considerable expense in the increased number of blastpipes, tuyeres, coolers, connections, and pipes for water-circulation. There is, moreover, a serious question involved in the weakening of the furnace-wall by extra perforations. This consideration applies with special force to furnaces already built without reference to such an increase of tuyere-openings. Ledebur, in his Handbuch der Eisenhüttenkunde, says on this point (I translate from the edition of 1893, page 365): "A limit to increase in the number of tuyeres is given, in any case, by the circumstance that the perforation of the wall weakens it; in other words, that there must be left between the tuyeres a mass of masonry sufficient to carry the parts above. In most cases an appropriate number may be secured by giving to the furnace as many openings as there are meters in its circumference at the tuyerelevel. For instance, for a hearth-diameter of 2.5 meters, i.e., a circumference of 7.7 meters, seven or eight openings might be made, of which, however, one would

Jan 1, 1899

By G. M. Roberts

During the six years that the writer was connected, as chemist and chief assayer, with the Proprietary Mines, Broken Hill, N. S. W., several interesting experiments were made in the sampling of the silver-lead bullion obtained from the waterjacket smelting-furnace.

Jan 1, 1899