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The following is an incomplete list of members and guests who called at Institute headquarters during the period Apr. 10, 1919, to May 10, 1919. Arthur K. Adams, Spencer, Mass. Ensign Floyd D. James, U. S. S. Fulton. W. T. Bates, New York City, N. Y. J. Harry Johns, Thorsden, Woking, A. D. Brokaw, Washington, D. C. England. E. H. Clausen, San Francisco, Calif. W. F. Jones, Rock Springs, Wyo. W. M. Corse, Mansfield, Ohio. E. L. Lasier, Washington, D. C. E. O. Daue, Philadelphia, Pa. John M. Lovejoy, New Rochelle, N. Y. G. D. Dub, Washington,, D. C. 2d Lieut. James F. Magee, Lancaster, S. B. Eaton, Dover, N. J. Pa., Sherman Eaton, Smethport, N. C. Ernest Marquardt, Casper, Wyo. J. A. Endweiss, La Jolla, Calif. Geo. B. Marshall, Abangarez, Costa Edgar W. Engle, North Chicago, Ill. Rica. 2d Lieut. Maxwell E. Erdofy, New York Benj. L. Miller, So. Bethlehem, Pa. City, N. Y. Major Desaix B. Myers, Camp Mills. Chas. A. Fellencer, Allentown, Pa. Edmund Newton, New York City, N. Y. Arthur Feust, Joplin, Mo. Seely B. Patterson, Jr., Allentown, Pa. Ensign Harold P. Ford, U. S. S. Radnor. Wm. R. Pearson, New York City, N. Y. A. D. R. Galloway, Accra, West Africa. Harold C. Price, Langeloth, Pa. R. C. Gosrow, Milwaukee, Wis. T. C. Roberts, East. Orange, N. J. C. A. Grabill, El Paso, Tex. P. H. Royster, Washington, D. C. Hobart A. Hanks, San Francisco, Calif. W. H. Staver, New York City, N. Y. John L. Henning, Lake Charles, La. N. L. Wimmler, Bangkok, Siam. 1st Lieut. J. Parke Hook, Philadelphia, Capt. Jay P. Wood, New York City, Pa. N. Y. An item in the May Bulletin made it appear that Frank W. DeWolf had just become connected with the State Geological Survey of Illinois. This was one of the inadvertences of war. Mr. De Wolf has been Director, or Chief, of the State Geological Survey for approximately ten years. Through the courtesy of the Governor of Illinois, lie was loaned to the Bureau of Mines for about seven months, after which period he resumed his former position.

Jan 6, 1919

By Robert D. Pehlke, Arden L. Bement

A mass transfer coefficient for the removal of hydrogen from liquid aluminum by inert flush degassing has been determined experimentally at 700°C. A mathematical model has been derived, assuming transport control, which adequately describes the experimental data. The removal of hydrogen is shown to increase with decreasing bubble size, and with increasing flow of flushing gas. The presence of hydrogen in liquid metals in amounts which exceed the solid solubility at one atmosphere hydrogen pressure is highly undesirable, causing unsound ingots or castings, or resulting in difficulties during further fabrication. The removal of hydrogen from liquid metals can be accomplished by several methods, the principal two being vacuum treating and inert flush degassing. The design of a process involving either of these techniques is based on the mass transfer coefficient for hydrogen between the liquid metal and a hydrogen-dilute gas phase. In an effort to extend our knowledge in this area, an investigation of the rate of removal of hydrogen from liquid metals by inert gas flushing was undertaken. In view of the difficulties encountered with gas porosity in the casting of aluminum and aluminum alloys, and because of certain experimental advantages, liquid aluminum was selected for the study. PREVIOUS INVESTIGATIONS The removal of gases from liquid metals, particularly steel, has received considerable attention in recent years, The first definitive work of a theoretical nature was presented by Geller1 who considered the case where equilibrium exists between purging gases and metal bath during flushing, and also deviations from this ideal case. Hulme2 has surveyed a number of experimental studies and discussed some of the practical limitations of removing dissolved gases from molten metals. More recently a number of studies have been reported on degassing of steel melts by flushing with an inert gas.3'4 Considerable work has also been reported on aqueous and organic liquid-gas systems, and an excellent summary prepared by Hovis.5 The treatment of liquid aluminum by a flushing gas to remove dissolved hydrogen has been known for several decades.6 A number of gases have been used for this purpose, including nitrogen, argon, and chlorine, or mixtures of these gases. Tikkanen and Erkko7 have studied the relative density changes of aluminum castings poured from melts degassed with chlorine, nitrogen, and mixtures of the two gases. Their

Jan 1, 1962

C. R. CORNING, Chairman. ADOLPHE E. BORIE, First Vice-Chairman. THOMAS T. READ, Secretary, Woolworth Bldg., New York, N. Y. Vie-Chairmen. JOHN H. ALLEN, GEORGE M. COLVOCORESSES, RICHARD M. ATWATER, JR., ROBERT PEELE, GEORGE D. BARRON, CHARLES P. PERIN, A. CHESTER BEATTY, JOSEPH A. VAN MATER, J. PARKE CHANNING, ARTHUR L. WALKER. D. C. Bard, Howard Eckfeldt. Philip N. Moore, W. de L. Benedict, R. C. Gemmell, T. H. O'Brien, John C. Branner, F. Louis Grammer, James J. Ormsbee. Palmer Carter, Ernest A. Hersam, Edward W. Parker, Allen J. Clark, Edwin C. Holden, John B. Porter, F. Crabtree, William L. Honnold, R. DI. Raymond, George G. Crawford, Reginald E. Hore, Robert H. Richards, O. C. Davidson, C. Colcock Jones, LeRoy Slash, E. V. D'Invilliers, Eugene P. Kennedy, Frederick H. Sexton, James S. Douglas, Chester F. Lee, Henry L. Smyth, Walter Douglas, Richard S. McCaffery, F. W. Traphagen, Howard N. Eavenson, James F. McClelland, Elton W. Walker. Milton H. McLean, The Chairman of the Committee on the eve of his departure frog -,he country for an extended stay, addressed the following letter t ,he President of the Institute NEW YORK, N. Y., APRIL 19, 1913.

Jan 5, 1913

COMMITTEE ON INCREASE OF. MEMBERSHIP. C. R. CORNING, Chairman. ADOLPHE E. BORIS, First Vice-Chairman. THOMAS T. READ, .Secretary, Woolworth Bldg., New York, N. Y. Vice-Chairmen. JOHN H. ALLEN, GEORGE M. COLVOCORESSES, RICHARD AL ATWATER, JR., ROBERT PEELS, GEORGE D. BARRON, CHARLES P. PERIN, A. CHESTER BEATTY, JOSEPH A. VAN MATER, J. PARKE CHANNING, ARTHUR L. WALKER. D. C. Bard, Howard Eckfeldt, Philip N, Moore, W. de L. Benedict, R. C. Gemmell, T. H. O'Brien, John C. Branner, F. Louis Grammer, James J. Ormsbee, Palmer Carter, Ernest A. Hersam, Edward W. Parker, Allen J. Clark, Edwin C. Holden, John B. Porter, F. Crabtree, William L. Honnold, R. M. Raymond, George G. Crawford, Reginald E. Hore, Robert H. Richards, O. C. Davidson, C. Colcock Jones, LeRoy Salsich, E. V. D' Invilliers, Eugene P. Kennedy, Frederick H. Sexton, James S. Douglas, Chester F. Lee, Henry L. Smyth, Walter Douglas, - Richard S. McCaffery, F. W. Traphagen, Howard N. Eavenson, James F. McClelland, Elton W. Walker. Milton H. McLean, Meetings of this committee were held at the Institute headquarters on April 18, and May 2 and 15. It was resolved that meetings shall be held monthly on the third Friday of each month.

Jan 6, 1913

PAST AND PRESENT CHAIRMEN OF DIVISIONS Institute of Metals Iron and Steel Mineral Industry Industrial Minerals Year Division Petroleum Division Division Coal Division Education Division Division 1918 W. M. CORSET 1919 " 1920 W. H. BASSETT 1921 " 1922 W. B. PRICE RALPH ARNOLD 1923 E. DEGOLYER 1924 G. B. ELLIOTT 1925 F. JULIUS FOHS 1926 P. D. MERICA 1927 11 JOHN. M. LOVEJOY 1928 S. SKOWRONSKI A. W. AMBROSE RALPH H. SWEETSER ' 1929 " J. B. UMPLEHY G. B. WATERHOUSE 1930 ZAY JEFFRIES C. V. MILLIKAN W. J. MACKENZIE HOWARD N. EAVENSON 1931 SAM TOUR C. E. BEECHER F. M. BECKET 1932 C. H. MATHEWSON EARL OLIVER F. N. SPELLER THOMAS G. FEAR C. H. FULTON 1933 T. S. FULLER W. E. WRATHER JOHN JOHNSTON ELI T. CONNOR " 1934 J. L. CHRISTIE H. D. WILDE, JR. L. F. REINARTZ " T. T. READ 1935 W. M. PEIRCE HARRY H. POWER A. B. KINZEL JOHN T. RYAN SAMUEL H. DOLBEAR 1936 E. H. DIX, JR. HALLAN N. MARSH C. E. WILLIAMS EUGENE MCAULIFFE WILLIAM B. PLANK OLIVER BOWLES 1937 A. J. PHILLIPS M. ALBERTSON FRANCIS B. FOLEY J. B. MORROW " CHESTER A. FULTON 1938 R. F. MEHL G. B. CORLESS J. T. MACKENZIE PAUL WEIR FRANCIS A.THOMSON J. R. THOENEN 1939 R. H. LEACH W. H. GETS J. HUNTER NEAD C. A. GIBBONS " M. M. LEIGHTON 1940 E. M. Wise T. V. MOORE F. T. SISCO C. E. LA WALL W. R. CHEDSEY W. M. WEIGEL 1941 D. K. CRAMPTON E. A. STEPHENSON C. H. HERTY, JR. JULIAN E. TOBEY " PAUL M. TYLER 1942 CARL E. SWARTZ HARRY P. STOLZ E. C. SMITH NEWELL G. ALFORD A. F. GREAVES-WALKER B. L. MILLER

Jan 1, 1943

PAST AND PRESENT CHAIRMEN OF DIVISIONS Institute of Metals Iron and Steel Mineral Industry Industrial Minerals Year Division Petroleum Division Division Coal Division Education Division Division 1918 W. M. CORSET 1919 " 1920 W. H. BASSETT 1921 " 1922 W. B. PRICE RALPH ARNOLD 1923 E. DEGOLYER 1924 G. B. ELLIOTT 1925 F. JULIUS FOHS 1926 P. D. MERICA 1927 11 JOHN. M. LOVEJOY 1928 S. SKOWRONSKI A. W. AMBROSE RALPH H. SWEETSER ' 1929 " J. B. UMPLEHY G. B. WATERHOUSE 1930 ZAY JEFFRIES C. V. MILLIKAN W. J. MACKENZIE HOWARD N. EAVENSON 1931 SAM TOUR C. E. BEECHER F. M. BECKET 1932 C. H. MATHEWSON EARL OLIVER F. N. SPELLER THOMAS G. FEAR C. H. FULTON 1933 T. S. FULLER W. E. WRATHER JOHN JOHNSTON ELI T. CONNOR " 1934 J. L. CHRISTIE H. D. WILDE, JR. L. F. REINARTZ " T. T. READ 1935 W. M. PEIRCE HARRY H. POWER A. B. KINZEL JOHN T. RYAN SAMUEL H. DOLBEAR 1936 E. H. DIX, JR. HALLAN N. MARSH C. E. WILLIAMS EUGENE MCAULIFFE WILLIAM B. PLANK OLIVER BOWLES 1937 A. J. PHILLIPS M. ALBERTSON FRANCIS B. FOLEY J. B. MORROW " CHESTER A. FULTON 1938 R. F. MEHL G. B. CORLESS J. T. MACKENZIE PAUL WEIR FRANCIS A.THOMSON J. R. THOENEN 1939 R. H. LEACH W. H. GETS J. HUNTER NEAD C. A. GIBBONS " M. M. LEIGHTON 1940 E. M. Wise T. V. MOORE F. T. SISCO C. E. LA WALL W. R. CHEDSEY W. M. WEIGEL 1941 D. K. CRAMPTON E. A. STEPHENSON C. H. HERTY, JR. JULIAN E. TOBEY " PAUL M. TYLER 1942 CARL E. SWARTZ HARRY P. STOLZ E. C. SMITH NEWELL G. ALFORD A. F. GREAVES-WALKER B. L. MILLER

Jan 1, 1942

By A. J. Lynch, J. A. Holmes, F. C. Bond, D. W. Fuerstenau

This is an outstanding paper on comminution theory and represents a considerable advance in mathematical formulation. It clears the way for a discussion that should ultimately decide whether the work index should be considered as a parameter according to the Third Theory or as a constant. In the empirical differential equation dE = C dx/xn either C or n must be treated as a variable to satisfy known crushing and grinding conditions. The author has chosen the exponent n as the variable, with C as a constant.

Jan 4, 1958

By K. H. Kilgren

At high formation pressures the distillate produced from a gas-condensate reservoir may be black in color. In this event the dense gas phase existing above the dew point is correspondingly dark. Volumetric phase data and an analysis of a reservoir fluid exhibiting these characteristics, together with a description of the visual equilibrium cell in which these observations were made, are presented in this paper. INTRODUCTION Previously the author, like many others in the oil and gas industry perhaps, tacitly assumed that the expressions black or dark oil system, crude oil system and bubble-point system were synonymous. Crude oil reservoir fluids are bubble-point systems and yield a black or dark stock-tank oil of relatively low API gravity. Conversely, a clear or amber colored trap distillate of high API gravity is assumed indicative of a dew point system or a gas-condensate reservoir fluid. This broad classification appears satisfactory for shallow reservoirs, but as the following study demonstrates, may be misleading when applied to deep reservoirs. Theoretically, there is no reason to exclude the possibility of producing a dark, low-gravity distillate from a gas-condensate reservoir. At sufficiently high values of pressure and temperature, heavy, dark-colored hydrocarbons may exist in the vapor state of a multi-component system. If enough dark-colored components are present in the reservoir vapor phase, the resulting condensate will be dark. The reservoir fluid investigated in the present study supports this contention. Stock-tank production was black in color and measured 29" APT gravity. From outward appearances, the liquid closely resembled a medium gravity crude oil. Experimental measurements proved the reservoir fluid was in reality a gas-condensate system. Volumetric phase data for this high-pressure system and a description of the visual cell in which the study was conducted successfully are presented in this paper. THEORY Phase behavior of a reservoir fluid can be predicted accurately with reference to a pressure-temperature phase diagram. If the reservoir temperature is lower than the critical temperature of the hydrocarbon fluid in place, bubble-point behavior will be observed. If the reservoir temperature lies between the critical and cricondentherm temperature, dew point behavior and retrograde condensation will occur. For reservoir temperatures above the cri- condentherm, only a single gas phase can exist in the reservoir regardless of pressure. Providing the composition of the reservoir fluid were known, it would be possible to predict the critical temperature and estimate the phase behavior from equilibrium relationships. However, the usual practice is to obtain a sample of reservoir fluid, subject it to varying pressures at the reservoir temperature and observe the phase behavior experimentally. The latter method was used to obtain the data reported here. WELL AND TRAPPING INFORMATION A summary of pertinent data for the well from which the reservoir fluid was sampled is presented in Table 1. This well is located offshore Louisiana. Except for the pressure which substantially exceeds hydrostatic pressure, the information does not appear unusual. Prior to the sampling program, the well was produced for 22 hours at a stock tank oil rate of 139 B/D. Average trapping conditions and gauging data for the six-hour test period that followed are summarized in Table 2. Samples of the first-stage trap gas and liquid were obtained during the latter portion of the test period. Ambient temperature remained 5 to 10F below trap temperature and presented no problem for sampling. Surface wind and moderate foaming of stock-tank oil presented some difficulty in obtaining accurate stock-tank gauges. SAMPLE ANALYSIS Compositions of the gas and liquid samples are shown in Table 3. The trap gas was analyzed by isothermal chromatography which revealed only a trace of heptane in the stream. The trap liquid was initially analyzed by low-temperature fractional distillation, yielding a bottom product of heptane and heavier components. Specific gravity of this fraction was measured and the mol weight was determined by freezing point depression. The hexane and lighter overhead gas collected during distillation was

Jan 1, 1967

By T. E. Scott, D. H. Sherman, C. V. Owen

Mechanical properties and optical metallographic characteristics of vanadium containing 53 ppm (wt) H were investigated from, 77° to 298°K. A sharp ductile to brittle transition induced by the presence of hydrogen was observed between 238° and 223°K and a mar-tensitically formed hydride appeared at 200°K. While there appears to be a subtle relationship between the hydride formation and the ductile-brittle transition, it was concluded that the hydride per se was not sufficietzt to cause the severe em brittletnent. On the basis of the metallographic experiments and the results of a Petch analysis it is suggested that the mechanism of the embrittlement involves a reduction of the true surface energy, or cohesion, of the uanadiunz. THAT hydrogen can severely embrittle vanadium is well-documented;'-5 however, the mechanism by which hydrogen induces the observed embrittlement has not been established. It is not known whether the embrittlement of vanadium is caused by the formation of vanadium hydride or by a more subtle role of hydrogen. Until very recently6>' the solid solubility of hydrogen in vanadium at temperatures in the,range of the embrittlement was not known to a useful accuracy. In general, a severe embrittlement of the type produced by the presence of hydrogen in vanadium can be caused by changes in either of two properties of a metal. Either the yield stress of the metal is raised to the extent that plastic deformation at the tip of a crack cannot occur or the cohesive properties of the metal are reduced, at least locally, to the point at which cleavage is the natural response to applied loads. Of course a combination of these is possible. It is not known which of these properties of vanadium is influenced most by the addition of hydrogen. The purpose of this investigation was to determine the role of hydrogen in the embrittlement of vanadium. Accordingly, the solubility of hydrogen in vanadium in the temperature range where embrittlement is most severe was determined, the appearance of vanadium hydride was examined in relation to the initial ductile to brittle transition temperature, and an attempt was made to evaluate the effect of hydrogen on the yield stress and cohesive properties of vanadium. MATERIAL AND PROCEDURES Sample Preparation. The vanadium used in this investigation was prepared by the iodide refining process described by Carlson and owen.' Three ingots, 3 in. diam by 6 in. long, were cold-swaged to 0.096 in. diam, cut into short lengths, and then arc-melted under purified argon into one ingot. This process was repeated to insure a uniform composition in the final ingot. Chemical analysis of the metal is given in Table I. On the basis of work of Loria et a/ .' the following sequence of treatments was performed in order to obtain a uniform equiaxed ultimate grain structure: a) cold swage q-in.-diam ingot to 0.230 in. diam; b) anneal 6 hr at 1000°C in vacuum; c) by cold swaging reduce 81 pct in area in three steps: 0.230 to 0.187 in. diam, 0.187 to 0.150 in. diam, 0.150 to 0.096 in. diam. This sequence provided the desired grain structure after subsequent annealing treatments. Because annealing in evacuated quartz capsules resulted in contamination by oxygen, all anneals in this investigation were performed in a 304 stainless-steel chamber under a dynamic vacuum of 10- I Torr with the vanadium wrapped in tantalum foil. Prior to all annealing treatments the wires were electropolished for 1 min at 16°C in an 80 pct methanol-20 pct sul-furic acid electrolyte at 12.5 v. Following the final reduction the 0.096-in.-diam wire was cut into 2-in. lengths. A 1-in. gage section was reduced to 0.090 in. diam by electropolishing as above. Five different grain sizes were obtained by annealing the 2-in. samples at different temperatures for 8 hr to insure uniform grain size and residual hydrogen removal. The annealing temperatures used and the resulting grain sizes are given in Table 11. The final step in sample preparation was to charge half of the specimens of each grain size with hydro-

Jan 1, 1969

By Tracy Jarrett

THE alloying of various elements with gold to produce different colors is an old art, but the effect of each element or combination of elements is not generally known. Investigations have been made in this field by F. E. Carter,1 E. M. Wise,2 and L. Sterner-Rainer.3 It is the intent of this paper to present in schematic diagrams the effects of various ele¬ments upon the color and the melting point of gold alloys. In this investigation 2-oz. melts made in a high-frequency induction furnace were used for all tests. The melting points were determined by the use of a calibrated chromel-alumel thermocouple sealed in a thin-walled alundum tube. The couple was then submerged in the molten metal and the freezing and melting points were determined by using a Leeds and Northrup potentiometer. By checking several melts using copper, zinc and gold, it was found that the accuracy of determining the melting point was within ± 5° F. To determine the differences in colors and to classify them, a wet tissue paper was placed over the polished samples and examined under a uniform white light. The 2 by ½ by 0.045-in. samples were cut from 50 per cent cold-worked strip. The original ingot was 3 by ¼ by ¾ in. This visual comparison, although not scientifically exact, served as a quite satisfactory means for determining and classifying these differences. The base alloys, or "hardeners," were first made up and analyzed, after which the gold and silver were added. This method of making up the alloys was chosen so that the same base alloy could be used for the gold alloys of different karats. The first series consisted of gold, copper, zinc and nickel, the copper comprising from 85 to 65 per cent of the content of the "hardener" and the zinc and nickel replacing copper. The second series consisted of gold, silver, copper, zinc and nickel, the copper comprising from 85 to 65 per cent of the content of the hardener with the silver, nickel and zinc replacing copper. There was no particular reason for choosing these combinations, except that they gave a color range from red-pink to white.

Jan 1, 1939

By H. N. Herrick

The flow characteristics of drilling muds, as described in this paper, and the method given for solving problems relating to the flow of these muds through pipe and accessory equipment, are based on a conception that drilling muds are plastic solids like paints or greases; not liquids. The data presented in this report have been obtained from studies of California muds, chiefly those used in the Kettleman Hills field, by the Producing Department of the Standard Oil Company of California. Although no claim of scientific exactness is made for the formulas and diagrams, since the data upon which they are based are not complete even for California muds, the method has proved to be a convenient means for estimating, closely enough for practical purposes, the pressures required to force muds at various rates through pipe systems in which-they are handled. Certain approximations have been made to simplify the procedures so that they can be used easily in the field. Viscosity and Shearing Strength of Mud For the purpose of this discussion a plastic solid is defined as a material in which no deformation or flow takes place when the material is subjected to shearing forces, until the shearing force reaches a value called the "yield point." With liquids, the smallest force will produce continuous deformation; that is, the yield point of liquids is zero. The difference between true liquids and muds is illustrated in Fig. 1, which shows rates of flow through a small tube under different pressures. The flow rate of the liquids is directly proportional to the pressure and that of the muds is not. The behavior of drilling mud does not conform in every detail with the definition of a plastic solid as given, because mud actually flows slightly at pressures below its yield point. However, for practical purposes the definition describes the condition adequately and has the advantage of simplicity. In order to make mud-flow calculations based on the theory that mud is a plastic solid, it is necessary to know the "yield point" of the mud, which hereinafter is defined by equation 1 under the caption "Viscosity

Jan 1, 1932

By Tracy C. Jarrett

The alloying of various elements with gold to produce different colors is an old art, but the effect of each element or combination of elements is not generally known. Investigations have been made in this field by F. E. Carter,' E. M. Wise,2 and L. Sterner-Rainer.3 It is the intent of this paper to present in schematic diagrams the effects of various elements upon the color and the melting point of gold alloys. In this investigation 2-oz. melts made in a high-frequency inductiorl furnace were used for all tests. The melting points were determined by the use of a calibrated chromel-alumel thermocouple sealed in a thin-walled alundum tube. The couple was then submerged in the molten metal and the freezing and melting points were determined by using a Leeds and Northrup potentiometer. By checking several melts using copper, zinc and gold, it was found that the accuracy of determining the melting point was within ± 5" F. To determine the differences in colors and to classify them, a wet tissue paper was placed over the polished samples and examined under a uniform white light. The 2 by 45 by 0.045-in. samples were cut from 50 per cent cold-worked strip. The original ingot was 3 by % by % in. This visual comparison, although not scientifically exact, served as a quite satisfactory means for determining and classifying these differences. The base alloys, or "hardeners," were first made up and analyzed, after which the gold and silver were added. This method of making up the alloys was chosen so that the same base alloy could be used for the gold alloys of different karats. The first series consisted of gold, copper, zinc and nickel, the copper comprising from 85 to 65 per cent of the content of the "hardener" and the zinc and nickel replacing copper. The second scries consisted of gold, silver, copper, zinc and nickel, the copper comprising from 85 to 65 per cent of the content of the hardener with the silver, nickel and zinc replacing copper. There was no particular reason for choosing these combinations, except that they gave a color range from red-pink to white.

Jan 1, 1940

By Tracy C. Jarrett

The alloying of various elements with gold to produce different colors is an old art, but the effect of each element or combination of elements is not generally known. Investigations have been made in this field by F. E. Carter,' E. M. Wise,2 and L. Sterner-Rainer.3 It is the intent of this paper to present in schematic diagrams the effects of various elements upon the color and the melting point of gold alloys. In this investigation 2-oz. melts made in a high-frequency inductiorl furnace were used for all tests. The melting points were determined by the use of a calibrated chromel-alumel thermocouple sealed in a thin-walled alundum tube. The couple was then submerged in the molten metal and the freezing and melting points were determined by using a Leeds and Northrup potentiometer. By checking several melts using copper, zinc and gold, it was found that the accuracy of determining the melting point was within ± 5" F. To determine the differences in colors and to classify them, a wet tissue paper was placed over the polished samples and examined under a uniform white light. The 2 by 45 by 0.045-in. samples were cut from 50 per cent cold-worked strip. The original ingot was 3 by % by % in. This visual comparison, although not scientifically exact, served as a quite satisfactory means for determining and classifying these differences. The base alloys, or "hardeners," were first made up and analyzed, after which the gold and silver were added. This method of making up the alloys was chosen so that the same base alloy could be used for the gold alloys of different karats. The first series consisted of gold, copper, zinc and nickel, the copper comprising from 85 to 65 per cent of the content of the "hardener" and the zinc and nickel replacing copper. The second scries consisted of gold, silver, copper, zinc and nickel, the copper comprising from 85 to 65 per cent of the content of the hardener with the silver, nickel and zinc replacing copper. There was no particular reason for choosing these combinations, except that they gave a color range from red-pink to white.

Jan 1, 1940

By James L. Poole

INTRODUCTION Companies in the mining industry are subjected at times to currency exchange rate risks and interest rate risks. The former occurs any time a firm deals in more than one currency. The latter occurs anytime a firm is financing itself with borrowings that have a floating interest rate (although a fixed rate can be a problem at times). FOREIGN EXCHANGE RISKS There are two general reasons why exchange rate risks (FX risk) can occur: First, a firm may be building a mine or plant in another country where financing for the plan is denominated in funds other than the country hosting the plant. For example, if a Canadian firm is building a smelter in another country which is being financed with Canadian dollars, the C$100 million for labor, which must be paid in the local currency, has subjected the firm to a C$100 million FX exposure risk. If after the cost estimates were made the local currency appreciates 30% against the Canadian dollar, the cost of labor has increased to C$130 million. (Of course, the local currency could also devalue during this period making the labor cost component less than estimated.) The other reason exchange rate risk arises is due to the fact that the costs of production in one country producing minerals may be incurred in one currency while the production is sold in another currency, such as coal being exported from Canada to Japan under contracts denominated in Yen. In this example, the Canadian firm is exporting coal to Japan and being paid in yen in 30 days at a contract price of 100 Y per ton. Furthermore, assume that the mining firm anticipates a depreciation of the yen against the Canadian dollar of 5% in the next 30 days. Therefore, the mining firm stands to lose 5% of the value of its shipment in a month's time not including carrying costs. In both cases, the mining company risks an adverse change in the exchange rate, that is, the currency the company holds may decrease in value relative to the other currency. There are a number of ways to mitigate the exposure to foreign exchange which can be utilized by the mining company. Optimally, a company should try to match all their inflows and all their outflows in the same currency. For example, if a Canadian firm has mining costs and debt service costs both denominated in Canadian dollars then 100% of their receipts would need to be in Canadian dollars. If a Canadian firm has 70% of its cash outflows in Canadian dollars and 30% of its cash outflow in American dollars in the form of a loan amortization then their receipts would need to be 70% in Canadian dollars and 30% in U.S. dollars. This general principle of matching cash receipts and cash costs in the same currency works fine in a perfect world but what of the real world when these cannot be matched? In actual practice, however, the financial markets have developed a number of ways in which foreign exchange risks can he managed or reduced. FORWARD MARKETS One method is to use the forward markets which are made on a world-wide basis by the commerical banks for foreign exchange. If a firm wanted to lock in the current exchange rate for the receipt of a foreign currency at some point in the future, they could do so by contracting on the forward market with a bank selling that foreign currency at the current rate at the future date. For example, assume that a Canadian firm is exporting coal to Japan which would pay yen in 90 days. If a firm wanted to lock in today's exchange rate they could contract with a bank to sell on the forward market yen in 90 days. When the yen was received the contract would be executed by selling the yen to the bank and receiving the previously agreed upon number of Canadian dollars. Generally speaking, the forward market can be used to sell forward about 12 months. The costs of selling (or buying) forward

Jan 1, 1985

By Theodore J. Hoover

WHAT are the chief branches of the mining engineering profession today? In an effort to analyze the structure of the profession, for practical purposes, a quantitative study has been made of the membership of the A.I.M.E., and is herein reported for the first time. In spite of the effect that a long history and a relatively small group of professional workers have had in limiting specialization in mining engineering, there has nevertheless grown up a wide variety of specialties in this field. More than a hundred different kinds of engineers were discovered among the titles given by Institute members in the Directory, ranging from "advisory engineer" and "American engineer" down to "wire-rope engineer" and "works engineer." How should all these titles be defined and interpreted? How many of them should be relegated as meaningless or confusing? What are the relationships among the remaining useful designations? Should some of them be grouped as "metallurgical" or "chemical," or under some other head?

Jan 1, 1935

ALABAMA Alabama City.-Eddy, L. Altoona.-Cain, J. America.-Foreman, J. T. Anniston.-Foster, R. N. Ashland.-Sturdevant, J. C. Bessemer.-Ball, E. M. Calhoun, F. W. Maschmeyer, W. L. McKenzle, W. C., Jr. Birmingham.-Abbott, C. E. Aldrich, T. H. Aldrich, T. H, Jr. Ashton, J J.

Jan 1, 1923

By W. H. Blauvelt

THE subject of fuel-briquetting has attracted much attention on the part of engineers and investors for the past 15 or 20 years, and especially in recent years, during which a number of plants have been built, with more or less commercial and technical success. Our technical literature contains numerous descriptions of certain processes, and discussions of the industry in general. For a history of the development of the art in the United States, and for descriptions of many of the processes which have been tried, reference may be made to the files of our Transactions, and, for more recent information, to a paper by C. T. Malcolmson, read before the First Annual Convention of the International Railway Fuel Association in June, 1909. The purpose of the present paper is to describe the briquette-plant of the Solvay Process Co. and the Semet-Solvay Co. at Detroit, Mich., which, after a period of long and costly evolution, is now operating satisfactorily on a commercial basis. I believe that it will be of interest to some of our members to have the details of operation, lower-consumption, labor, etc., as worked out on a practical and commercial scale in a going operation. The briquette industry has had a somewhat checkered career in the United States, and much the larger portion of the failures has been due entirely to commercial causes. It seems axiomatic to say that before undertaking the installation of a plant for manufacturing briquettes it is necessary that the local situation should be carefully examined : First, to determine the kind of briquettes, if any, the local market will consume; that is-to say, whether the available fuel-supply is such that briquettes would be a welcome addition, and whether the most promising field is the industrial or the domestic market. Second, if there is an available supply of raw material, as coal,

Mar 1, 1910

By Arthur Notman

THE year 1937 started off most hopefully for the metal industry but the prices for nonferrous metals declined after reaching a peak in the first quarter. E. & M. J. average prices for March were: -electrolytic copper f.o.b. refinery for domestic delivery 15.775c., lead 7.19c., and zinc 7.38c. There was the usual talk of shortages and the accompanying peak in the market prices of securities of producing companies. In retrospect it now appears that this was the peak of general security prices as well and of most commodity prices. On Dec. 1 copper was back to 11c., lead to 5c., and zinc to 5.5c. At the same time metal security prices had fallen to less than 40 per cent of their March highs. This has not been a purely domestic phenomenon. Metal prices have followed a similar course in London, in spite of the fact that in all three metals a tariff wall separates the domestic market from the foreign. There is nothing in the record to suggest that planning has so far had any stabilizing effect on prices. It is doubtful whether anybody will he found to claim credit for the planning. Strong evidence supports the conclusion that domestic demand for these and the other metals has been dammed back by the uncertainties confronting those who are considering long term construction commitments. This is particularly true with the public utilities, who are the largest consumers of copper and lead. If the plans were designed to maintain employment rather than to maintain political control of the Government, it would appear that they should be discarded. The course of the steel industry has been followed so closely in the press that no comment is necessary to indicate its similarity.

Jan 1, 1938

By L. Zwell, H. A. Wriedt

In describing their procedure for measuring the lattice parameters of solid solutions, Abrahamson and Lopata report (p. 77) the final heat treatment of their alloy specimens as "700°C for 100 hr, followed by a furnace cool". The isothermal part of this treatment may be expected to precipitate solute in excess of the stable a solid-solution limit at 700°C; the subsequent slow cooling is likely to reduce the dissolved solute still further. Fig. 1 (upper) presents the data for titanium alloys so he;rt-treated and shows the lattice parameters of solid solutions containing up to 3.5 at. pct Ti; Fig. 17 (lower) shows 2 at. pct Ti as the solubility limit in a iron at 700°C. Figs. 1 and 17 are thus incompatible. The paper contains comparable incon~patibilities for zirconium alloys, for niobium alloys, and for tantalum alloys. The final heat treatment at 700°C may also be responsible for the anomalous "knee" in the lattice-parameter data for nickel alloys, Fig. 3. The "knee" composition is located near the 700°C limit of the stable a solid-solution field;37 alloys of the experimental composition range with more nickel than the "knee" composition are two-phase at 700 C and prolonged heat treatment of them at 700°C would tend to produce inhomogeneity rather than homogeneity. In Figs. 4 and 7, the composition ranges of the zirconium, hafnium, and niobium alloys examined terminate at alloy concentrations of 0.1 to 0.2 at. pct. These metals form very stable oxides and their partial removal from solid solution in iron by impurity oxygen may be expected. We believe that the authors should have reported the procedure by which they distinguished the amounts of alloying elements in solution and in oxide. The diagrams pertaining to copper in Figs. 3 and 18 (lower) are almost certainly incorrect. Three recent investigations of this system38-40 all substantially agree on the solubility of copper in a iron, finding it to be much larger than that reported by Abrahamson and Lopata. The change of the lattice parameter with composition reported by Abrahamson and Lopata is too large by a factor of three to five, as seen by comparison with the findings of other investigators.41738 Moreover, the authors violate, in Fig. 18, the accepted Fe-Cu constitution diagram37 by ignoring the eutectoid at about 850°C.

Jan 1, 1967

The Institute assembled in the rooms of the Geographical Society, Cooper Union, at 8 o'clock P.M., February Nth, 1874. President Barnard, of Columbia College, delivered an address of Welcome, to which President Raymond responded. The Council then presented the following names, duly indorsed for election as members and associates. The gentlemen named were unanimously elected. *Bullock, M. C.,. ., . New York. Burke, M. D.,.... Cincinnati, Ohio. *Burt, M. W.,.....Wheeling, W. Va. Cameron, J. G. M.,. ..'New York. *Canfield, Frederick A,,. .. Dover, N. J. *Chandler, Prof. C. F.,. .. New York. *Clayton, J. E.,. .. . Salt Lake City. Colton, C. A,,.... New York. *Cooke, Prof. George H.,. . New Brunswick, N. J. *Cooper, Edward,.... New York. "Dahlgren, C. B.,.... Mazatlan, Mexico. Dutton, Capt. U. E.,. .. Washington, D. C. *Eurich, E. F.,.... New York. Fuller, H. L.,.... Woodside, Luzerne County, Pa. Hamilton, S. Jr.,.....New York: Harnickell, A,,.,.. New York. *Hearne, F. J.,. .. . Wheeling, W. Va. *Hill, Samuel W.,.... Marshall, Mich. *Hulbert, Edward J.,. . Houghton, Mich. *Hunt, R. W.,.....Troy, N. Y. Ihlseng, M.,.....New York. "Iselin, Henri,.... New York. *Janney, Morris P.,. ..Pottstown, Pa. "Jenney, Frank B.,. .. . Brooklyn, N. Y. *Jenney, Walter P.,... Brooklyn, N. Y. Joy, D. A.,.....New York. *King, Clarence,.... New York. *Kittoe, E. F.,....Charleston, S. C. Lawrence, Robert,.... New York. *Locke, J. M.,..... Cincinnati, Ohio. *McCormick, Henry,. .. Harrisburg, Pa.