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By L. A. White

IN this paper it is proposed to follow the developments in the design of the lead blast furnace at Port Pirie from the time The Broken Hill Associated Smelters Pty. assumed control in 1915 to the present time, with special reference to the development of the system using two superimposed rows of tuyeres as is now in operation. Lead smelting operations first commenced in 1889, when the British Broken Hill Pty. Ltd. started its first furnace. This was followed by installing two more furnaces during the same year and another the following year. In 1892, Broken Hill Proprietary Co. Ltd. acquired the smelting works and combined operations with those at Broken Hill, New South Wales; by 1897, the whole of the smelting operations had been transferred to Port Pirie and thirteen blast furnaces were built to treat the Broken Hill ore production. In 1915, The Broken Hill Associated Smelters Pty. Ltd. took over from the Broken Hill Proprietary and have carried out operations since that time. From its inception, the present company started on a long range program of reconstruction, in which the development of the lead blast furnace has played a prominent part. A definite trend in plant development has been towards the simplification of plant control by a reduction in the number of operating units. The great advantages of technical control which resulted from the very simplified flowsheet established in the continuous refining process stimulated the desire to extend the principle to the smelting operation. Thus in the sequence of furnaces described here, it will be noted that the trend has been towards larger and, of course, fewer units. With each such development it is significant that the operating conditions and metallurgical results have shown steady improvement. Standard Furnace In 1920 there were seven furnaces operating, five of a type subsequently called the standard furnace and two of the original thirteen smaller furnaces, the latter type being used for the treatment of drosses, etc. produced from the refinery section, while the standard type carried out the main, lead-smelting operations. The standard furnace (figs. 1 and 2) had the dimensions given in table I.

Jan 1, 1951

By A. Hamilton Garner

The occurrence of oil seepages in Venezuela has been known since the early days of Spanish occupation. It was not until 1912, however, that any serious exploration work was undertaken. In that year, the Caribbean Petroleum Co., then a subsidiary of the General Asphalt Co., employed a large staff of geologists to make a systematic survey of large areas in eastern and western Venezuela, selecting the most desirable localities out of the immense area covered by the Valladares concession. This preliminary work was completed in the fall of 1913, and in February, 1914, the company completed its first commercial well at Mene Grande. Development work has progressed slowly, for various reasons, but petroleum in quantity has been encountered in nine widely separated localities. The Mene Grande field has been put on a producing basis and approximately 4,000,000 bbl. of oil is being shipped annually. Increasing quantities of oil are now being drawn from El Mene and La Rosa. In the light of these developments, the world's need for oil reserves, and the proximity of Venezuela to the United States, American capital is being attracted more and more to Venezuela. Although considerable careful geological work has been done in Venezuela by the various oil companies now operating, most of the data is buried in the company files, and the published literature has been extremely meager. The most valuable contribution to date has been a map and report by Jahn, which, as it was printed in Spanish, is not generally available to the American oil public. Venezuela, located in the northwestern part of South America on the Caribbean Sea, lies between l° and 12° north latitude. Its principal

Jan 1, 1925

By S. M. Marshall, A. C. Richardson, H. Y. Yancey

A year ago, Marshall and Bird presented a paper in which a new method of measuring the agglutinating power of coal was described.' The procedure used was to determine the strength of a button containing 10 parts sand and one part coal, formed by carbonizing the mixture in a crucible in an electric furnace. The result of the determination was reported as the total weight in grams required to bring about complete destruction of the button. Correlations were shown between the agglutinating value and some of the characteristics of the different coals that were investigated. This agglutinating test has been in use fairly continuously during the past five years for coals of widely differing coking qualities, and it has shown reasonably concordant results accurate enough for commercial use, although there are many features of the test which should have further scientific study. During the past year a study has been made of some coals of low coking strengths, and incidental to the main investigation some data which appear to be of interest and value were obtained on the loss in agglutinating power caused by exposure to the air. Three coals were investigated, all of which were of the Tertiary age; two were from one field in Asia, and one from a field in the United States. The three were similar, as shown by the proximate and ultimate analyses in Table 1 (moisture-free basis). Coals SA and RA generally contain about 5 per cent. moisture and coal P about 3.5 per cent. moisture on the as-received basis. The large difference in the ash contents of the coals, amounting to practically 10 per cent. between SA and RA, and P, makes difficult a direct comparison of their qualities. In the second section of Table 1 the figures have been put upon an ash-free basis., This table shows that these coals are closely alike. The ultimate analyses are almost identical except for the higher nitrogen content of

Jan 1, 1930

By W. S. Gresley

The object of this communication is to give a description of some remarkable spheroidal specimens of anthracite coal recently encountered in stripping the Mammoth seam at Milnesville, Luzerne county, Pa. Somewhat similar forms of coal, occurring in France and in Australia, have been described already. In vol. xxxvii. (1888) of the Transactions of the North of England Institute of Mining and Mechanical Engineers, under the title "Coal Nodules from the Borehole Seam at Newcastle, New South Wales," Mr. T. E. Forster describes and illustrates, with two plates of specimens, a series of " nodular " forms of anthracite coal taken from a depth of 300 feet beneath the town of Newcastle, and possessing the following characteristics : The lines of cleavage of the coal-seam are more or less curved, giving a rouuded appearance to the blocks. Dikes of intrusive dolerite intersect the coal, and the coal-nodules occur with with greatest frequency where the seam is most disturbed. They are easily separated from the surrounding coal. "The seam at this point is remarkable, not only for its splendid proportions but also for its extremely bright and rich appearance, which gives the working-places x strong resemblance to those in the Pennsylvania anthracite mines.....The cleavage of the coal is, in some park of the pit, noticeable for a series of small impressions or concavities about the size of, and resembling roughly in shape, a mussel-shell raised vertically on its longest edge.....To some extent the nodules appear to have a more or less concretionary structure, and to be, roughly speaking, composed of several concentric layers, through which the ordinary cleavage of the coal passes, while in others thin layers may be observed, resembling the coats of an onion!' The chemical composition of one of the nodules, as well as of the seam inclosing them, is as follows:

Jan 1, 1893

By Allan Gibb

The ores of copper are usually associated with minerals containing arsenic, antimony and bismuth. Whatever the means adopted for extracting the copper, these metals are usually found, to a greater or less extent, in the product. There is, however, usually some elimination in the various metallurgical operations to which the ores are subjected, and some attempt is made here to determine the degree to which this elimination is effected.

Jan 1, 1903

By Joseph Hartshorne

For something over two years past a new development of the open-hearth process has been in operation at the works of the Prager Eisenindustrie-Gesellschuft at Eladno, in Bohemia. It was devised and perfected by Mr. Ernst Bertrand, general superintendent,, and Mr. Otto Thiel, steel-works superintendent. The results which the inventors wished to obtain were to increase the product per furnace, to reduce the amount of refractories and additions used, to enable a poorer and more varied quality of stock to be employed, to improve the quality of the material produced and to render the control of the operations and product more certain. In all of these objects they have been successful, and have thereby considerably reduced the cost of manufacture and increased the value of the finished material. The Plant. The plant at Kladno consists of one 12-ton and one 20-ton furnace. Through an incident of construction the smaller furnace stands some distance behind and to one side of the larger furnace, and at a height of about 10 feet above it. The furnaces are in the same building as the Bessemer converters, and the metal is handled in the same casting-house by means of a locomobile ladle-crane. The relative position of the furnaces suggested the experiments by which the process was developed, and also enabled it to be thoroughly tested. Much valuable and practical work has been done in this plant, although it is not as convenient and suitable as one especially designed for the process would be. Nevertheless, the pecuniary and technical results have warranted its continuous operation. The Process. The process, as at present carried out at Kladno, consists

Jan 1, 1897

By C. A. Pierce

Underground operations of the United States Potash Co. at its mine near Carlsbad, N.M., have been continuous since the property was opened about five years ago. Approximately one million tons of potash has been mined and two shafts have been sunk, each to a depth of about 1000 ft. Outstanding in the company's operations is the fact that not a single blasting accident has occurred during the aforesaid period. The purpose of this paper is to describe the blasting practice that has made possible the achievement of this accident-prevention record. The mining method employed in extracting the thick horizontal bed of potash may be described as a double-entry room-and-pillar system. Mine development is kept well in advance of extraction operations, and a three years' supply of ore, at least, is always available. Limits of the orebody have not been determined, and in the present system of mining headings are advanced by a "shortwall" method. This was the first potash ore bed developed in the United States. The nature of the deposit, therefore, was unknown, and it was deemed expedient to outline a conservative mining policy. Later, when more is known about the deposit and certain control ascertained, a "longwall" panel retreating method may be found advisable. The necessity for a domestic supply of potash became a national issue previous to and during the World War. The United States Government came to realize that this country should not be dependent upon foreign sources of potash, and began extensive explorations in many parts of the country, seeking an orebody that would meet the exacting requirements of the domestic market. The Department of Interior, through the Geological Survey and Bureau of Mines, made every effort to determine the location of potash deposits and encouraged their exploitation by private capital. Through the combined efforts of the Department of Interior and private industry, the deposit now being worked by the United States Potash Co. was discovered and brought into production.

Jan 1, 1937

By Norman B. Pilling

Practical limitations to the usefulness of silicon steels are the hardness and brittleness silicon imparts to iron, making iron-silicon alloys of more than 8 per cent. silicon content unusable except where castings can be employed. In the use of commercial silicon steel, in thin rolled sheets, as in transformer construction, when the silicon content exceeds 4.2 per cent. the sheet is too brittle for satisfactory shaping by punching or similar operations. When such a brittle steel is sheared, it frequently breaks along a haphazard path in advance of the cutting tool. In Fig. 1 is shown a slightly enlarged view of the sheared edge of a 14-mil enameled sheet of nominally 4 per cent. silicon steel. In 5 in. along the sheared edge, only 44 per cent. was actually cut; the rest was torn, with the path of fracture varying widely from the path of travel between the shears. This is probably an extreme case of such brittle-ness, but a shearing or punching test is not necessary to reveal brittle-ness of this order; narrow strips will break when bent between the fingers. In Fig. 2, the proportion of actual cut edge is greater, but secondary fractures branch off at about 30" from the line of shearing in advance of the cut. Deprived of the support of adjacent parts of the sheet, the tips of the angles are bent out of the plane of the sheet by the shears, leaving a peculiar flared effect, like the set of the teeth on a saw. An end-on

Jan 1, 1923

By Norman B. Pilling

Practical limitations to the usefulness of silicon steels are the hardness and brittleness silicon imparts to iron, making iron-silicon alloys of more than 8 per cent. silicon content unusable except where castings can be employed. In the use of commercial silicon steel, in thin rolled sheets, as in transformer construction, when the silicon content exceeds 4.2 per cent. the sheet is too brittle for satisfactory shaping by punching or similar operations. When such a brittle steel is sheared, it frequently breaks along a haphazard path in advance of the cutting tool. In Fig. 1 is shown a slightly enlarged view of the sheared edge of a 14-mil enameled sheet of nominally 4 per cent. silicon steel. In 5 in. along the sheared edge, only 44 per cent. was actually cut; the rest was torn, with the path of fracture varying widely from the path of travel between the shears. This is probably an extreme case of such brittle-ness, but a shearing or punching test is not necessary to reveal brittle-ness of this order; narrow strips will break when bent between the fingers. In Fig. 2, the proportion of actual cut edge is greater, but secondary fractures branch off at about 30" from the line of shearing in advance of the cut. Deprived of the support of adjacent parts of the sheet, the tips of the angles are bent out of the plane of the sheet by the shears, leaving a peculiar flared effect, like the set of the teeth on a saw. An end-on

Jan 1, 1923

By M. Mathieu

The Rove tunnel is the means by which the canal from Marseilles to the Rhone Riverl penetrates the hills of Nerthe, lying between Mar- seilles harbor and Lake Berre, Fig. 1. The canal will communicate at sea level with both terminals. The original project planned a lock near the village of Marignane; but observations, pursued for more than three years, showed that the water surface gradient would average only 0.015

Jan 1, 1923

By M. Mathieu

The Rove tunnel is the means by which the canal from Marseilles to the Rhone Riverl penetrates the hills of Nerthe, lying between Mar- seilles harbor and Lake Berre, Fig. 1. The canal will communicate at sea level with both terminals. The original project planned a lock near the village of Marignane; but observations, pursued for more than three years, showed that the water surface gradient would average only 0.015

Jan 1, 1923

By John N. Hobstetter

IT is widely believed that the nucleation of phase transformations in solid metals is accomplished by some type of local atomic fluctuations in the parent phase which arise from spontaneous diffusion in the metal or alloy system. Under appropriate conditions, these fluctuations are believed to be stable in the sense that the free energy of the entire system is lowered if the fluctuations, or nuclei, grow,' Under other conditions they are thought to be unstable in the sense that the free energy is lowered if they redissolve. The criterion for stability is usually taken as the size of the fluctuation. This view has been rationalized by Becker1 in terms of the free energy released by the volume of the nucleus and the free energy associated with the formation of a new surface surrounding the nucleus. The qualitative result of this reasoning is shown in Fig I where the changes in free energy for the surface and volume effects are plotted together with their sum against the radius of the nucleus. There is evidently always a critical size r. beyond which the release of free energy which is proportional to the volume always dominates the increase of free energy which is proportional to the surface area. Borelius2 has also attempted to rationalize the stability criterion for binary alloys, but in terms of the internal concentration of the fluctuations. He has found that, if surface energies are entirely ignored, the fluctuation must still reach a critical concentration if it is to become stable and avoid subsequent dilution. Although the Borelius theory fails to predict many observed nucleation phenomena such as the vanishing of the nucleation rate at the critical temperature, the major premise must certainly be valid. In this paper a reconciliation of the Becker and Borelius views is made by means of a search for nuclei which are at once stable with respect to both size and internal concentration, The increase in free energy per mole accompanying the formation of a nucleus which is just stable, ?fe, is independent of the path whereby the nucleus is brought into being. It is thus appropriate to seek critical nuclear attributes without reference to the fluctuation mechanism. The rate of nucleation, however, cannot be treated without a detailed understanding of the exact fluctuation process which produces stable nuclei. In this and succeeding papers the purpose will be to find the size, shape and internal concentration of the stable nucleus which is formed with a minimum increase in free energy in a wide variety of systems. THE NATURE OF THE NUCLEUS It is necessary to have rather detailed knowledge of the nature of a nucleus if ?Fe is to be computed. Fortunately, enough facts are known or suspected about the nucleus to make possible a detailed analysis. X ray diffraction studies have shown3

Jan 1, 1948

By B. H. Caudle, A. B. Dyes, R. A. Erickson

The study of the influence of fluid mobilities on the sweepout pattern resulting from the injection of gas or water has been extended to cover the production period which follows breakthrough of the injected material. Mobility ratios over the range common in field operations (0.1 to 17) were studied for several pattern floods (five-spot, staggered, and direct line drive). The experimental data required for these studies were obtained by the use of the x-ray shadowgraph technique using miscible oil phases of different viscosities in porous plate mode1s of a reservoir element. From the shadowgraph pictures obtained before and after breakthrough of the injected fluid, flowing ratios at the producing well and cumulative volumes injected were calculated. The method for applying such data in predicting field behavior is illustrated for a water flood of a five-spot. For this case a range of mobility ratios of 0.5 to 5.0 results in: (I) nearly complete (95 to 100 per cent) sweepout pattern efficiencies at abandonment conditions, (2) production after breakthrough being responsible for as much as one-third of the total recovery at the lower mobility ratios, and (3) a twofold variation in the operating life of the reservoir. In determining the merits of a secondary recovery operation, the fraction of the reservoir which is ultimately to be swept by the injected fluid is of major importance. Because of its significance a large amount of research has been applied to the study of areal sweepout efficiency. Muskat, Wyckoff and Botset1,2 have presented the classic analysis of the pattern efficiency at breakthrough for several injection patterns in which the mobility of the fluids ahead of the injected phase front was equal to the mobility of the fluids behind the front. Aronofsky3 as extended this analysis of recovery at breakthrough through numerical computations and by the stepwise use of the potentiometric model to include the effect of different fluid mobilities ahead of and behind the invasion front on the line drive performance. Fay and Prats' have also employed numerical computations to show the influence of one other condition of fluid mobilities on the five spot flood. In a previous paper' a new method of attack on this problem which employed x-ray and porous plates was described. At that time experimental results were also presented which described the effect of fluid mobilities on the reservoir area contacted by the injected fluid at breakthrough for the five spot and direct line drive patterns. Most of the literature pertaining to sweepout pattern efficiency has emphasized the pattern which is obtained at breakthrough of the injected phase. The increase in the sweepout pattern which occurs after breakthrough

Jan 1, 1955

By A. N. Winchell

In connection with law suits between mining companies at Bingham, Utah, a few years ago, the writer made petrographic studies of more than 1400 rock and mineral samples in thin sections, and also careful studies of their field relations. In petrographic studies, even when an area is studied intensively, attention is commonly centered very largely on the unusual features of special interest, so that the relative abundance of rock types (or minerals or textures) can only be determined by a study of map areas outlined largely by field methods, and cannot be based directly on microscopic work. It is very uncommon, and usually impossible, to take samples at regular short intervals along and across formations. It is precisely because such methods were used at Ringham that the work presents a rare opportunity for determining, on a microscopic basis, the relative abundance of rock types and the continuity of gradations between rock types. At the same time, a study was made of the alteration of sediments under the influence of igneous intrusions, with results that are believed to be of interest and importance. • Sandstone-limestone Gradation The sedimentary rocks of the Bingham district are chiefly sandstones, with some beds of limestone, all now lying with their strike nearly east and their dip nearly north at an angle of about 30°, near the surface. The limestone beds are remarkably irregular in thickness in some places, but usually change very slowly in composition along the strike. However, the most interesting results are obtained from a study of a section across the beds at right angles to the strike. In some places, such sections show the usual alternation of pure sandstone with nearly pure limestone, in the simple manner assumed in most geological discussions.

Jan 1, 1924

By B. F. Fackenthal

One of the practical questions presented to the blast-furnace manager, with regard to which little help can be obtained from existing technical literature, is the manner of filling and blowing-in. This operation is often performed according, more or less, to traditions which have come down from earlier practice, and which, if not positively detrimental when followed with the large modern furnace, may at least be greatly improved, just as the running of the furnace itself, while in blast, has been improved. It is not necessary, as many of the old furnace-men believed, to make a lot of white or silver-gray iron at the start, or to spend many weeks, or months even, in bringing the furnace to its normal burden. It has seemed to me that the publication of carefully-recorded data of practice on this point may be interesting to the members of the Institute engaged in the management of blast-furnaces. The enlarged blast-furnace at the Durham Iron Works, Riegelsville, Pa., owned by Messrs. Cooper & Hewitt, of New York City, was first put in blast February 21, 1876, since which time it has made seven blasts, and is now running on the eighth. A description of the furnace-plant, together with a record of the fifth blast, was given in my paper read at the Chattanooga meeting, May, 1885 (Transactions, xiv., 130). After some of the early blasts the furnace-lines underwent considerable change, and I have thought best to accompany this paper with drawings showing the lines and the tuyere-arrangement (see Plates I. and II.), and to give also the following summary of the conditions and results of each blast. During the first and second blasts no coke was used, and the furnace ran very irregularly, showing a constant tendency to scaffold, which was attributed, in great part, to the small hearth and other defective lines. The large proportion of air required at this furnace is accounted for by the fact that the engines are defective, and do not deliver into the furnace the amount of air indicated by the pistondisplacement.

Jan 1, 1890

By C. P. McCormack

The Cuyuna manganiferous iron ores can be a principal source of manganese for the iron and steel industry in the United States, provided metallurgical methods as a whole are adjusted so as to use run-of-mine ore. The use of manganese in steelmaking is growing. Increasing amounts of impurities in raw materials call for more manganese, a constant cheap supply of which is wanted. There are few deposits of ore in the United States carrying over 35 per cent. manganese that can be mined and marketed at a profit in normal times. We are largely dependent on foreign ores. The small domestic deposits should rightly be held in reserve for an emergency, such as a war, when importation might cease. Even the production from lean ores, concentrated it may be, might not carry us through a protracted stringency. The Cuyuna district is, therefore, during normal times capable of supplying a large total of manganese. The ores are iron ores containing 5 to 25 per cent. of manganese with the inverse range of 52 to 28 per cent, of iron. The manganese costs no more per unit in the ore than the iron, because cost of mining, largely by open-pit methods, is not affected by the manganese content. The manganese units should, perhaps, command a higher price, but as their value is contingent on metallurgical practice, a higher price may be justified only when a shortage in manganese occurs. Manganiferous iron ores can never entirely supplant straight manganese ores though methods are employed that will permit them to do so partly. For the manufacture of ferromanganese, ores carrying above 42 per cent. manganese are needed. Ores with manganese running between 20 and 42 per cent. are used for making spiegeleisen. But established practice in certain plants, based on the admixture of manganiferous iron ores to straight iron ores has greatly lessened the consumption of high-priced, scarce, manganese alloys with good results. The substitution of manganiferous ores for ferro and spiegel affects the manufacture of basic iron and its conversion into basic open-hearth

Jan 1, 1925

By H. J. French

At the request of a committee of the Engineering Division,' National Research Council, a study of the properties of boiler plate at various temperatures up to about 900' F. (482" C.) has been instigated. The following is a report of preliminary tests made on two grades of 1/2-in. plate and includes a description of the apparatus used in the determination of the proportional limit. Detailed reference to- the many published investigations in connection with the properties of steel at various temperatures will be omitted from this report. Suffice to state that results obtained for variation in tensile strength, elongation, and reduction in area with temperature are in substantial agreement with the effects now generally considered to be correct. Comparison of proportional limit values with results obtained by other investigators will be found in the conclusions. Materials Used The steels tested were $1/2-in. (12.7 mm.) open-hearth boiler plate of firebox and marine grades. The specified tensile strength and the analysis for each are shown in Table 1. In the manufacture of this material, a

Jan 1, 1922

By H. J. French

At the request of a committee of the Engineering Division,' National Research Council, a study of the properties of boiler plate at various temperatures up to about 900' F. (482" C.) has been instigated. The following is a report of preliminary tests made on two grades of 1/2-in. plate and includes a description of the apparatus used in the determination of the proportional limit. Detailed reference to- the many published investigations in connection with the properties of steel at various temperatures will be omitted from this report. Suffice to state that results obtained for variation in tensile strength, elongation, and reduction in area with temperature are in substantial agreement with the effects now generally considered to be correct. Comparison of proportional limit values with results obtained by other investigators will be found in the conclusions. Materials Used The steels tested were $1/2-in. (12.7 mm.) open-hearth boiler plate of firebox and marine grades. The specified tensile strength and the analysis for each are shown in Table 1. In the manufacture of this material, a

Jan 1, 1922

By Leonard Larson

Before direct or wet smelting of copper concentrate was adopted at the McGill smelter, in November 1932, actual furnace smelting tests had indicated the possibility of smelting between 400 and 500 dry tons of wet concentrate per furnace day. Under calcine smelting practice, solid charge up to 116; tons per furnace day had been smelted. It was realized that in order to smelt wet tonnage in equivalent amount per furnace day, a higher combustion rate and higher temperatures would be necessary within the furnace. The reverberatory furnace considered in the following history of wet-smelting developments is a unit rz7 ft. long and 28 ft. 8 in. wide, inside dimensions (Fig. I). This furnace was in operation through all the years from 1934 to date. During 1933, the first complete year of direct or wet smelting, the plant was on a curtailed copper-production basis and the available concentrate tonnage to be smelted was limited. The average coal-firing rate in the reverberatory for that year was 124 tons per furnace day. This rate was lower than the average for years immediately preceding under calcine smelting practice. With this coal-firing rate, an average of 391 tons of new metal-bearing material (N.M.B.M.) was smelted per furnace day. The following year, 1934, the coal-firing rate was increased to 139 tons and the smelting rate increased to 448 tons N.M.B.M. per fur- nace day. In succeeding years production required that either more tonnage be smelted in the one furnace or an additional furnace be placed in operation. With this situation confronting the smelting department, it was determined to continue the program of increasing the coal-firing rate and also to intensify the temperature in the smelting zone of the furnace. In order to accoinplish this, various improvements were made to aid combustion within the furnace. The burners were enlarged, increased primary air was supplied to the burners, and changes were made in the furnace to enlarge and streamline the outlet, thus increasing the furnace draft. The coal-firing rate was increased yearly until 1937 when the firing rate averaged 210 tons per furnace day. Thereafter the firing rate fluctuated according to character of charge and production requirements. In general, however, with the same character of charge the smelting rate increased in almost direct proportion to the increases in firing rate. Table I shows the average coal-firing rate, smelting rate, and other pertinent data for the direct-smelting years of 1933 to 1939 inclusive, the first fivc months of 1940 and May 1940. These figures show that the water evaporated in the waste-heat boilers was in almost direct proportion to the coal-firing rate. In making comparisons in the table, it should be borne in mind that the figures, except for May 1940, are yearly averages. Because of changes in character of charge or operating conditions, records for individual days or even months

Jan 1, 1944

By Edwin Hopkins

The year of 1924, in Venezuela, has been one of especial interest. The figures for production marketed are not so impressive, but to the well-informed followers of the development, the ease with which this production has been obtained and with which it apparently can be increased at will merits most careful consideration. For several years, the oil world, especially in the financial centers, has been closely following the slow unfolding. of the' Venezuelan developments, which has been, and still is, one of the great pioneering achievements in the history of oil exploitation. Venezuela, from the first days of its recognition by geologists and financiers as a great future source of oil, has been a field for the enterprising vision of the larger capital groups. The laws of the country have been drafted with almost an inspired foresightedness that has favored the exploitation of the resources along constructive lines, which' has eliminated the irrational promotion schemes that accompany many of the oil developments in the United States. Developments have been exclusively in the hands of strong financial groups, who have followed a conservative policy with respect to the dissemination of detailed information concerning the geological findings and detailed production data. Within the last year, however, the rapid expansion of the production phase of the developments has been on such an important scale and has involved such a large and rapidly increasing personnel, that further restraint with respect to information of a general informative' nature can serve no useful purpose. Certainly, from the volume of references to Venezuelan oil affairs, which are now of almost weekly occurrence in the oil trade journals, the public must appreciate the fact that in Venezuela, and in the Maracaibo district in particular, a new oil region of the first magnitude is about to emerge from comparative obscurity and occupy a commanding position on the stage of world oil affairs.

Jan 3, 1925