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By P. C. Benedict

Introduction and Summary The Northern Empire mine is a mile east of Beardmore, and 100 miles northeast of Port Arthur, district of Thunder Bay, Ontario. Production started in March, 1934, and terminated in September, 1941. During this period, the mill treated 425,866 tons of ore, from which 153,103 ounces of gold were recovered. The lowest level from which ore was mined was the 1900, but considerable drifting was performed on the 2075 level and 800 feet on the 2415, the deepest level. The following description of the geology of the mine is recorded by the senior author but is based on the observations and complementary mapping of both authors. The vein strikes about N.72°E. and has an average dip of 80°S. (Figure 1). In stoped sections, the quartz averaged about two feet wide. On the 1725 level it was drifted on continuously for more than 7,000 feet, but in the mine as a whole practically no commercial ore was found beyond points 1,400 feet west and 1,800 feet east of the shaft. Conspicuous wall-rock alteration extended throughout this section but not much beyond its limits. There was some splitting of the vein and widening of the alteration halo on the lower levels. The average general colour of the quartz changes with depth. It may be generalized, from top to bottom, as light grey to dark grey to brownish. The brownish quartz first appeared near the bottom of the ore.

Jan 1, 1947

By R. J. Craig

Introduction All mining operations produce rock dust. Inhalation of rock dust, particularly if it has a high silica content, causes silicosis. Silicosis is, therefore, recognized as a hazard of the mining industry and has been made compensable throughout most of Canada. Most of the dust in any mining operation is caused by rock drilling and blasting operations and the movement and transportation of broken rock. Dust from blasting cannot be eliminated, but it can be controlled by means of increased ventilation, the use of water sprays, and the control of blasting hours. Dust from ore movement can be reduced by keeping the broken rock in a moist condition at all times. The dust from the rock drilling operation has been found to be the most difficult to control. Concentrations of dust caused by rock drills in stopes can usually be reduced to the safe minimum of 300 particles per cubic centimeter (p.p.c.c.) by diluting the air with increased ventilation. In development headings, where the machines are more confined, this is not always practicable. Therefore, the dust must be eliminated at its source. This paper deals with the reduction of dust from Leyner machines by adopting improved designs.

Jan 1, 1947

By P. E. Cavanagh

Abstract Many investigators have been interested in developing some non-destructive method for detecting or determining the changes in physical properties in steel occurring during endurance tests or normal service life of a part which fails in fatigue. This paper presents a broad discussion of some of this work and the possibilities of developing useful test procedures based on some of the information obtained in the past. Changes in magnetic properties, electrical resistance, damping capacity, X-ray diffraction patterns, and remaining fatigue life at load different from service load have all been investigated as possible means for following the sequence of events during fatigue failure. In some special instances, tests such as these may be used to predict fatigue failure. As an in stance of practical application of the continuous determination of changes in magnetic properties during fatigue, a brief account is given of work done in non-destructive inspection of mine hoist-rope. As a result of extensive experiments and field crisis, it has been found possible to detect the beginnings of failure in a wire rope in service. The test method used will detect plastic deformation in a wire rope, no matter what its cause. There is no possibility of determining the remaining useful life of a rope by calibrating changes in magnetic properties in terms of remaining fatigue life. A change in magnetic properties at a point in a rope may indicate a decrease or increase in fatigue life, depending on the overload history of the rope. A continuing change in magnetic properties ac a point, however, does reliably indicate a developing weak point which will eventually lead to failure. The important point about any change in magnetic properties is not the magnitude of the change, but whether or not it continues.

Jan 1, 1947

By W. R. Smith

Introduction No commercial deposits of silica sand are known to occur in British Columbia, so all requirements for foundry and other uses must be imported. During the war, nearly 5,000 tons per year were used, all originating in Illinois and delivered to local consumers for about $12.00 per ton. Present requirements are somewhat less, but the cost is still of the same order. The relatively high cost of silica sand in British Columbia is not only a serious item for present consumers, but might be a deterrent to the establishment of a glass industry, should this be contemplated at any time. The present investigation was undertaken in an attempt to provide a cheaper source of silica sand within the Province. In 1936, a large number of beach and bank sand deposits in the lower coastal region of British Columbia were examined by the British Columbia Department of Mines, and samples were analyzed chemically and mineralogically. The deposits over the whole area proved remarkably uniform in mineral composition, consisting essentially of quartz, feldspar, ferromagnesian minerals, rock fragments, and various accessory minerals, and differing only in the relative proportions of the various constituents. In no case did the quartz content of any sand exceed about 40 percent and the average was of the order of 20 to 30 percent.

Jan 1, 1947

By W. Rostoker

Packing Experiments The porosity and most of the other physical properties of a coherent mass of any material built up by the packing together of discrete particles will obviously vary with, and be governed by, the manner of association of the particles. The relation of packing to powder metallurgy has been discussed in some detail by at least two authors. Packing Theory Theories of particle packing have been put forward by C. C. Furnas and A. E. R. Westman. Although their approach to the problem is not the same, their conclusions are similar. In the process of packing, they visualize the voids of a uniformly sized material becoming filled with particles of a smaller size, and the voids between these being filled in turn with still finer particles. Obviously, if this process is carried ad infinitum, the resultant mass will have the same density as the constituent particles. In practice, of course, such a density of packing is never attained. In addition, the premise is made that successive particle sizes must fit into the voids left by the immediately larger particles- an assumption requiring definite size gradations and also particle shapes. It remained, then, for theory to correlate relative diameter ratios, and proportions and numbers of sizes of particles, for requisite packed densities. Briefly, the following principles were postulated: (a) For an infinite diameter ratio between largest and smallest sizes, an infinite number of particle sizes in proper proportion is required to give natural density. (b) For a given diameter ratio, there is a maximum number of permissible particle sizes for maximum packed density (Furnas). (c) Provided the particle shape is spherical, or approximately so, the proportions o particle sizes can be calculated. (d) The ratios of successive diameters of particles are in geometric progression.

Jan 1, 1947

By J. M. Cummings

The importance of controlled sand properties to the production of quality castings has been recognized by foundry men for many years, but the maintenance of requisite standards results in a relatively high sand consumption, which in steel foundries, for instance, may range from half a ton to over one ton of sand per ton of finished casting. During the war, obtaining and maintaining adequate sand supplies became a serious problem in many foundries, owing to increased wartime production and serious 'bottlenecks' in transportation. As a result, considerable interest was aroused in the possibilities of various sand reclamation systems by which up to 85 or 90 percent of discarded sand may be returned to a usable condition. During the past five years or so, a number of sand recovery installations have been made by both ferrous and non-ferrous foundries in Canada and the United States, and have resulted in substantial reductions in sand costs in every case. The possible benefits of sand reclamation are particularly apparent in British Columbia where no suitable sands for steel and heavy iron foundries occur naturally, and where freight costs on imported sands are considerably higher than initial selling prices. This is well illustrated by the fact that silica sand, which sells for about $2.00 per ton at pits in Illinois, is laid clown in British Columbia for around $11.00 or $12.00 per ton. The operating costs quoted for certain of the reclamation schemes, i.e. $0.25 to $1.50 per ton, may actually be no higher than the cost of waste sand disposal in city-located foundries. In view of the foregoing considerations, the British Columbia Research Council has undertaken a study of the possibilities for sand reclamation, with particular attention directed to its application in local steel foundries. No commercial occurrences of silica sand are known in the Province, and, with this in view, the Council previously investigated the possibility of recovering silica sand from local impure sands. Results were definitely encouraging, but it was felt that the present market is too small to permit economical production by the method developed.

Jan 1, 1947

By R. S. Douglas

Introduction During the past few years, a number of changes in the mine operations at Copper Mountain have taken place. The modernization and mechanization were necessitated and given impetus by wartime and other conditions, which were: (1) The urgent need for copper for wartime purposes. (2) The scarcity of skilled labour for underground work. (3) The increase in labour and supplies cost. (4) The necessity of finding ways and means of increasing the output per man-shift, because of the scarcity of skilled labour and the rising cost of labour. (5) The desire to increase safety measures, reduce the silicosis hazard, and aid mine ventilation. (6) The desire to improve the general working conditions in the mine for all workmen. (7) The desire to reduce the amount of dilution in the ore stream by a more selective yet highly productive method of mining. To this end, mining with diamond drills, and transferring broken ore with slusher hoists, appeared to be the answer to the problem. After considerable discussion and estimation of costs for comparison with those of the operation as carried on at that time, the proposed methods were tried out and, in practice, gave very gratifying results. Reference at this point is made to the paper written by C. H. Brehaut, W. N. Taylor, H. A. Shannon, and R. S. Douglas, which was published in the September, 1945, issue of Mining Technology, by the American Institute of Mining and Metallurgical Engineers, Inc., and subsequently in commercial mining journals. Since that time some improvements have been made in undercutting an orebody - the first through experiment and practice, the second through making use of the earth's barodynamic or gravitational forces. It is the purpose of this paper to describe and discuss these later developments.

Jan 1, 1947

By A. F. Buckham

Introduction Several basins of the Nanaimo series, a group of coal-bearing sedimentary rocks of Upper Cretaceous age, underlie parts of Vancouver island and the adjacent gulf islands. One, the Nanaimo basin, occurs on the southern half of the west shore of the gulf of Georgia. About fifty square miles at the north end of this basin are known to be underlain by productive coal seams, this area being known as the Nanaimo coal field. Coal has been mined from two horizons- that of the Wellington seam, fairly low in the series, and that of the Newcastle and Douglas seams, about the middle of the series. Coal has been mined here since the fall of 1852. About fifty million tons have been produced, almost half the total production of British Columbia. About seventy-two years ago, James Richardson of the Geological Survey made a reconnaissance of the coal measures on Vancouver island, and thirty-five years ago C. H. Clapp mapped and reported on most of the Nanaimo coal field. Twenty-four years ago, J. D. MacKenzie extended the work to those areas not mapped by Clapp. MacKenzie died before the results of his work could be published, but did issue a revised estimate of the Goal Resources of Southern Vancouver Island. Work by the present writer is a further contribution by the Geological Survey to knowledge of the island coal measures. Having spent more time in the field, and having had more data at his disposal than were available to his predecessors, the writer has been able to throw additional light on the Nanaimo, and other, coal fields on Vancouver island. He is indebted to Canadian Collieries (Dunsmuir), Limited, and to its officials for access to much valuable information in their possession.

Jan 1, 1947

By G. S. Hume

Dr. K. A. Clark: No one will doubt the statement of fact that, during drilling operations through the bituminous sand beds in the Mildred-Ruth Lakes area, the core-barrel was found to contain bitumen with minor amounts of sand instead of bituminous sand. But many will doubt the interpretation of this fact as meaning that beds of bitumen occur interstratified with the bituminous sand beds. They will prefer to hold faith in the laws of physics, which deny that sand will float on oil or that fluid under pressure will not flow away through a permeable medium, until it is proved that the appearance of the oil in the core-barrel was not due to circumstances surrounding the drilling of the bituminous sand beds. The implication of the interpretation that sand is floating on oil is clear and it is unacceptable. Bituminous sand is unconsolidated sand more' or less saturated with a viscous oil. It is as difficult to conceive of bituminous sand lying on top of a body of the viscous oil as it is to conceive of unconsolidated sand more or less saturated with water lying on top of a body of water. The only difference between the two concepts is that the oil is viscous whereas the water is fluid. Oil-soaked sand placed on viscous oil would, when released, sink through the oil slowly, whereas water-soaked sand would sink through the water quickly.

Jan 1, 1947

By T. C. Holmes

Introduction The Dome mine, in the Porcupine mining camp of northern Ontario, is one of the important gold mines of the country, having produced over 139 million dollars worth of gold from the commencement of production in '1910 to the end of 1944. The geology of the mine is complex and a number of types of ore are known, each occurring under particular conditions. The mine workings are very extensive and by far the greater part of them have been geologically mapped only in reconnaissance fashion. By 1940, when the writer joined the mine staff, the orebodies in the sedimentary trough and the 'nose' orebodies, the first types to be developed, were almost worked out and many workings were inaccessible, so the descriptions of these types are based largely on study of the plans and records. The same applies to a lesser extent to some other types. At various places in this paper, statements are made as to the mineralogical or chemical composition of the rocks. Most of these determinations are based on examinations made with a hand lens and cannot, therefore, be regarded as very reliable. General Geology As there are several types of ore in the mine, occurring under quite diverse conditions, a brief outline of the geology is given here, sufficient to provide a general picture into which the fuller descriptions given with each type of ore can be fitted.

Jan 1, 1947

By W. E. Selnes

Introduction In 1938, a survey conducted by the Ontario Mining Association revealed a rather startling fact. Injuries incurred in chute pulling were more numerous than those from any other single cause. This report prompted Mr. W. B. Paton, then Inspector of Mines for Manitoba, to make a similar survey of the mines of his Province. It indicated that, in Manitoba mines, chute accidents ranked second only to those from falls off roofs and sides. Why has the mining industry been so slow to recognize the dangers of chute pulling? A partial answer may be the lack of any systematic classification of accidents according to their real cause. The result has been to attribute to other causes injuries which were a direct outcome of chute pulling, and, indeed, has made it difficult to analyze accidents in the industry as a whole. Perhaps, too, because chutes are generally located in the comparative safety? of the drifts, there has been a tendency to consider the occupation as not very hazardous. Not until enough statistics were obtained on this particular task could it be appraised correctly. The Mining Association's survey has been most helpful, and latterly the industry has done a great deal toward analyzing the causes of chute accidents and toward determining an effective means of overcoming them. Much, however, remains to be done. An effort will be made in this paper to outline methods which have been found successful in materially reducing the number of injuries. Qualifications of the Chute Puller First of all it must be realized that chute-pulling is a specialized occupation. The men require proper training for the job, just as in other mining operations. Care must, therefore, be taken to choose persons whose qualifications fit them for the job. Chute-pulling is an integral part of the general mining operation and cannot be considered as isolated from the tasks of other workers. One of the essential qualifications of a chute-puller is a sufficient knowledge of mining operations to appreciate the effect his work will have on the safety of others in the vicinity. He must take the necessary precautions, by verbal warnings, by placing barricades and signs, or by personally guarding the chutes, to prevent accidents to fellow workers.

Jan 1, 1947

By T. H. Wilson

In 1901, the Crow's Nest Pass Coal Company, Limited, began producing industrial coke in 212 beehive ovens at Michel colliery. By 1908, 486 ovens had been installed and in that year 147,623 tons of coke were produced. Coke manufacture has been continuous from 1901 until the present time (1946), with total production of 2,795,402 tons. At present writing, only 100 beehive ovens are operating and production is reduced to 1,800 tons per month, due to the shortage of suitable labour. These ovens are drawn by hand, on contract, and the workmen are exposed to considerable heat. A man draws three ovens in eight hours, thereby producing approximately 1072 tons of coke per day. In addition to the inefficient and costly method of drawing coke in beehive ovens, tremendous losses are experienced in the wastage of gas and tar, which are driven off into the atmosphere. Also, the yield of coke per ton of coal fed to the ovens is low as part 9f the carbon is utilized in producing heat to carbonize the remainder of the coal. A recovery of only 55 per cent of the carbon, as coke, is obtained. The coking process takes place from the top of the charge, which is 21/2 feet deep, downward to the floor. Six and a half tons of coal are charged and 3.6 tons of coke are drawn from the oven after 72 hours' carbonization. The beehive ovens using Michel coal produce a very hard and tough coke, large in size and of silvery appearance, which has served the requirements of both foundry and smelter for many years. In 1938, the Company made a careful study of coking processes with a view to introducing a more economical method than beehive ovens and one that would be less dependent on skilled labour, the supply of which was rapidly diminishing at that time. Various methods of by-product coking were investigated, and it was decided that the Curran-Knowles process offered the greatest possibilities because of the low capital investment in relation to output and also because the horizontal oven design was suitable for an expanding coal. Consequently, a test on Michel B seam coal, supervised by Mr. E. Burrough, of the Fuel Research Department, Ottawa, was run in the Curran-Knowles plant at West Frankfurt, III. The results of this test led to the construction of a ten-oven battery of 32 ft. 6 in. by 8 ft. 3 in. Curran-Knowles ovens at Michel, which were completed in November, 1939. This battery was built as an experimental unit, with provision for an additional ten ovens if the coke proved satisfactory for the market. In 1942, an expanding coke market led to the construction of a second battery of ten ovens, which were completed in April, 1943.

Jan 1, 1947

By H. H. Gardner

Introduction The Greenhill mine of West Canadian Collieries, Limited, is on the Alberta side of the Crowsnest pass, twelve miles from the Alberta British Columbia boundary-line. Here, five coal seams of Lower Cretaceous age are found in the Kootenay formation. They outcrop on the north and south slopes of the valley, with strike approximately N.30°W., paralleling the main range of the Rocky mountains, and dip about 40 deg. westward. Of the five seams, only two, designated No. 1 and No. 2, have been worked to date. On the West Canadian Collieries property, No. 1 seam ranges in thickness from thirty feet to nil. Generally, it has a hard, strong conglomerate roof. No. 2 seam is separated from No. 1 by forty-five feet of shales and sandstones. It has a thickness of eight to thirty feet.

Jan 1, 1947

By W. A. Jones

Purpose of Paper Geophysics is a highly developed science which has found a wide use in industry. Perhaps the most spectacular application has been in the field of oil exploration. It has been estimated that, up to the end of 1939, geophysics was responsible for the discovery of five billion barrels of oil. In 1944, the sum o $40,000,000 was expended for geophysical work in the search for new oil deposits. Although the metal mining industry has so far made comparatively little use of the science, it is becoming increasingly common for the exploration engineer or geologist to be required to co-operate with the geophysicist. Many papers dealing with applied geophysics have been published but in most of them advanced training in physics and mathematics on the part of the reader has been assumed. It is difficult for the average engineer to obtain a ready understanding of the equipment, field procedure, and scope and limitations of the science from the literature. The present paper attempts to describe briefly and in simple terms the principles underlying magnetic, self-potential, and electrical resistivity methods and their application to a field problem. Introduction Geophysics is concerned with the study of gravity, magnetism, natural earth currents, earthquakes, vulcanism, and many other natural phenomena. The methods, originally devised for the measurement, for scientific purposes, of the forces associated with such phenomena have been adapted to the search for buried deposits of economic value. If the body sought has large dimensions and distinctive physical properties, geophysical measurements may reveal associated, and in some cases quite characteristic, anomalous features. However, in many instances the mass cannot be indicated directly but has a common association with geological features which can be defined by physical measurements. Although such surveys cannot specifically identify oil, metalliferous minerals, or other commercially valuable substances, it is possible to delineate anomalous sub-surface physical features which, with the help of geological information, can be assessed as possible or probable indications of the body or structure sought. The nature and extent of the material causing an anomaly, and its economic importance, can only be determined by further exploration, such as drilling.

Jan 1, 1947

By J. L. Jobe

In planning the operation of a new mine or new sections of an operating mine, due provision must be made for the ultimate recovery of as much of the seam as is consistent with safety and economic principles. Each mining district and, indeed, each seam, especially in mining under submarine conditions, has individual problems which render hard and fast rules under all conditions of mining impossible. However, certain basic principles can be applied to all seams under specific conditions. In all mines, the two basic methods of mining, 'longwall' and ?room-and-pillar? or their variations, can be adopted, but certain fundamental factors must be analyzed before either method is finally applied to the extraction of the seam. The factors which enter into the successful, safe, and economic extraction of all seams are, briefly stated, as follows: (1) Character and thickness of the seam. (2) Character of the floor and immediate roof of the seam. (3) Composition, strength, and thickness of the overlying beds to the surface. (4) The depth of cover to the surface or sea bottom. (5) Conditions under which the seam is mined (land or submarine area). (6) Pitch of the seam. (7) Economic value of the seam. (8) Mining laws.

Jan 1, 1947

By Unkown

The Province-wide road ban on movement of heavy loads has had the effect of curtailing or stopping development in several areas. In the Leduc area, the discovery well has been restricted in flow to only a fraction of normal due to limited storage space, but drilling at Imperial Leduc Nos. 2, 3, and 4 has been continued for the past few weeks. The No. 2 well is within 100 feet of the producing horizon and should be completed within the next few days. According to reports, it has been logging slightly lower, structurally, than the discovery well, but, regardless of the outcome, it has been an important test to determine westerly cross-section of the Leduc structure. No official reports have been made available of any tests made during the drilling of the well, but it is understood that promising oil and gas shows have been indicated in higher formations. Actual drilling operations have not been commenced by any of the other companies holding leases in the immediate area but it is expected that, when road bans are removed and equipment is assured, several wells will be commenced. Announcement has been made that Imperial Oil, Limited, will drill a well near Battle lake, about thirty-five miles southwest of the Leduc field. Location of the well has been made following an extensive seismograph survey of the area, with total depth of the test well expected to be in the 8,000- to 8,500-foot range. Drilling will be done with the heavy-duty rig last used at the De Winton test. Imperial Oil have abandoned hope of oil production in the Provost area after drilling nine wells, but will retain their interest in the gas field that has been developed. Of the wells drilled, four indicated gas flows ranging from 1,060 to 13,200 M.c.f. per day.

Jan 1, 1947

By W. L. Stuewe

The Dominion Steel and Coal Corporation requires enormous quantities of bricks each year for its Sydney steel plant operations. Clay brick of all types are purchased, while silica brick is made in the Company's plant at Sydney. A description of this plant was given in a paper presented by H. B. Gillis and F. C. Morrison at the 1938 Annual General Meeting of the Institute. The rock used to make silica brick was for years obtained from a quarry at Leitches Creek, about eighteen miles from Sydney. Due to the gradual deterioration of this deposit, the Corporation was forced to look for other sources of supply. In 1945, the problem was presented to the Nova Scotia Department of Mines and, through the efforts of Dr. A. E. Cameron and Mr. J. P. Messervey, an examination was made of a silica-rock deposit some six miles northwest of Yarmouth, N.S. Preliminary samples proved satisfactory, and arrangements were made with the Department of Mines to ship to the steel plant at Sydney a fifty-ton car load for the purpose of further testing. Brick made from this sample shipment stood up very well in the furnaces. At the same time, two hundred and fifty tons of silica rock from a deposit at Lac Bouchette, Que., were purchased from the Industrial Silica Corporation, and brick made from this rock also was found suitable for our requirements. Comparative transportation costs, however, led to a decision to open the Yarmouth deposit. The silica rock, or quartzite, of this deposit outcrops at Chegoggin point along what is known as the 'Pembroke shore', a northerly trending section of the coast-line at the extreme southwest of the Province, in Yarmouth county. The country here is fairly flat, with elevation averaging about twenty feet above high tide, and is for the most part mantled by a growth of brush and some scrub trees, chiefly small fir. Bed-rock is generally concealed beneath three to four feet of clayey soil, but scattered outcrops of the quartzite indicated that a band of this rock, some 260 feet wide, extended inland in a northeasterly direction from Chegoggin point at least to Utleys lake, a distance of about three miles.

Jan 1, 1947

By Alan E. Gallie

One of the requirements for the successful waging of war is an unlimited supply of iron ore. In the spring of 1941 the demand for iron ore was expected to exceed the supply. This was particularly so in the case of high-grade lump iron ore, essential to the open-hearth process of making steel. The bulk of Canada's iron ore was imported from the United States. At this time, Canada was making every effort to conserve United States funds for more vital purchases. For these reasons, the development of Canadian iron ore resources became of prime importance. Several companies undertook investigations and one of these examined the old Josephine deposit. Location The Josephine property is in the district of Algoma, in the Michipicoten area of the Sault Ste. Marie mining division of Ontario. It is 120 miles north of Sault Ste. Marie and 20 rail-miles east of Michipicoten harbour, on lake Superior (see Figure 1). Transportation in the area is furnished by the Algoma Central and Hudson Bay railway. The Michipicoten branch of this line passes within a mile of the Josephine mine. Michipicoten harbour provides a port through which iron ore is currently shipped. Power in the area is supplied by the Great Lakes Power Company, with generating plants on Michipicoten river, on Montreal river, and on St. Mary's river at Sault Ste. Marie. A series of transmission lines cover the district and one of these is connected to the Josephine mine by a 3 ½-mile branch line. History The Josephine property was staked by Alois Goetz in 1899. Before the claims could be recorded, the township in which they are located was given to the Algoma Central & Hudson Bay railway as part of a land grant. As a result, the ownership remained in dispute until August 24th, 1906, when a settlement was arbitrated by the Honourable Frank Cochrane. His ruling is interesting and is quoted in part.

Jan 1, 1947

By Paul E. Lamoureux

Introduction The Author As the pail of smoke and wartime destruction gradually rises from the surface of the earth, from all countries, statesmen assemble to discuss and prepare pacts and treaties which are designed to, once more, bring people of all nations to understand each other and live in harmony. Scientists and engineers throughout the world are also undergoing a drastic reconversion in their ideas and objectives. No longer do they think only in terms of destruction and twist their brains to develop more devastating weapons or to surpass production records of war machinery. They have turned their eyes and ambitions to more pleasant tasks and are taking stock of wartime developments in materials, fabricating procedures, and equipment, many of which had been carefully shrouded with a veil of secrecy, and are applying their new knowledge to the fabrication or improvement of the tools of peace. The next few years will see the gradual elimination of scores of substitutes and makeshifts, expedients which the constantly changing law of supply and demand' under wartime stress necessitated. The universal search for satisfactory substitutes, however, has resulted in a general awakening of plant engineers to the possibilities of materials with which they were relatively inexperienced, with the result that, in many instances, what was considered a substitution at the outset turned out to be more satisfactory than the original material, and, in reality, can be considered a worthwhile development. Not only have materials been explored, but existing fabricating processes have been reviewed, and others, built around the properties and characteristics of new materials, created.

Jan 1, 1947

By Arthur Notman

For the period January 1st, 1942, to January 1st, 1946, the American Bureau of Metal Statistics records the gold production of the world as 118,788,000 fine ounces. If we include 1946 at the same rate as 1945 (26,- 590,000), we arrive at a total of 145,378,000 fine ounces in the past five years . Included in these figures are estimates of Russian output at 4,000,000 ounces per annum for the five years, and 1,300,000 ounces per annum for Korea and Japan. The remaining 120,000,000 ounces represent the aggregate production from official reports of the other gold producing areas of the world, with the exception of the 1946 figures, as noted above. At $35.00 per fine ounce, this represents $5,188,230,000. According to the reports of the Federal Reserve System of the United States, on December 31st, 1941, the monetary gold reserves of the United States were $22,736,- 600,000 (at $35.00 per fine ounce) , while on October 31st, 1946 (latest available) , they had fallen to $20,402,000,000, a decline of $2,334,600,000. Adding this decline to the value of the new production for the five years, we have a total of $7,522,830,000, which has been absorbed by the rest of the world since Pearl Harbour, a rate of absorption of over $1,500,000,000 per annum. This has taken place at a rime when the advocates of purely managed currencies had convinced many people that gold performed no really essential function in the world's economy, and that we could get along perfectly well without it. It was pointed out that gold could not be eaten, it could not clothe our nakedness, it could not shelter us from storms, and, therefore, it was a non-essential, even though it could be used to settle international balances of trade. Apparently, the world as a whole still regards it as preferable to the paper promises of governments, however sound, relatively, they may appear. Actually, we have no way of measuring the true strength of this feeling, because the principal governments of the world have made it legally impossible for their citizens to own gold, except in the form of ornaments.

Jan 1, 1947