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By Percy Hopkins

KIRKLAND LAKE, the second most important gold area in Ontario, is situated in the north¬eastern part of the Province, 392 miles north of Toronto by railway. It is reached by a five-mile macadam road from Swastika, a village on the Temiska-ming & Northern Ontario Railway, 63 miles north of Cobalt. Gold, was first found at Kirkland Lake in 1911 by W. H. Wright. on claim No. 1830, now a part of the Wright-Hargreaves mine. In January, 1912, the metal associated with various tellurides was found by Harry Oakes and George Tough on the Tough-Oakes property 3/4 mile east of the lake. The shipping of hand-sorted, extremely high-grade ore, valued at $350 to $450 in gold per ton, from this property created great interest and resulted in numerous other discoveries. The early developments of the area, however, were much retarded on account of war conditions, labor troubles, and owing to the ore zone being largely under the bed of Kirkland Lake or in drift-covered depressions. It was not until early in 1918, when the Lake Shore Co. found its rich orebody under the bottom of Kirkland Lake, that the various ore deposits were believed to be more or less continuous along one main vein system. From that time most of the work in the area has been done along the "main vein" with gratifying results. Production began late in 1912, and up to the end of March, 1923, the five producing mines have yielded gold, with some silver, valued at $8,379,403. The production in 1922 was $2,162,548; that of 1923 should be over $3,000,000. The same general assemblage of rocks which occurs at. Kirkland Lake extends easterly for many miles to Larder Lake and beyond; hence there is a large area containing formations favorable for gold prospecting. In this general area numerous prospects are being operated, and among the most promising ones, may be mentioned the Argonaut, Crown Reserve and Asso-ciated Goldfields near Larder Lake. A 25-mile branch railway is now being constructed across the mineral area from Swastika to Larder Lake, passing through Kirkland Lake.

Jan 8, 1923

JUDGE Samuel E. Schull, in the Court of Quarter Sessions of Monroe County, Pa., handed down a decision on July 2, declaring the Pennsylvania law for the Licensing of Professional Engineers and Land Surveyors to be in violation of the Constitution of the State of Pennsylvania and also of the 14th amendment of the Constitution of the United States. The case was that of George E. Stevenson, who was arrested in June, 1922, charged with the practice of the profession of land surveying without first obtaining a state license. Mr. Stevenson had had forty years of practical experience as an engineer and land surveyor, and as set forth in the findings "had attained unusual skill, distinction and reputation in his said profession, and, on said date and for a considerable period thereto-fore and down to the present time, was and is President of the Engineer's Society of Northern Pennsylvania." That part of the decision referring to the unconsti-tutionality of the act is quoted in full as follows: This matter now comes on to be heard on argument as to the constitutionality of the said Act of May 25, 1921, P. I. 1131. The defendant urges that the same is unconstitutional: First: Because it is in violation of Article 3, Section 3, of the Constitution of Pennsylvania, which provides: "No bill, except general appropriations bills, shall be passed containing more than one subject which shall be clearly expressed in its title." Second: That the same is discriminatory and, therefore, in violation of the 14th Amendment of the Federal Constitution. In this case, we: are confronted by the Act of Assembly bearing the title "an act to regulate the practice of profession of Engi-neering and Land Surveying; creating a State Board for Regis-tration of Professional Engineers and Land Surveyors; defining its powers and duties, imposing certain duties upon the Common-wealth and Political subdivisions thereof, in connection with public work and providing penalties." We meet in the title of this act, a recognition of the fact that it is the legislative intent to deal with two professions: First: Engineering. Second: Land Surveying.

Jan 8, 1923

By W. R. Ingalls

I WAS led some time ago to draft a statement of economic principles immediately affecting our national welfare from the standpoint of the engineer. It was the intention to offer this to the American Engineering Council as a resolution to be adopted, or a declaration to be made, of course after suitable con-sideration and debate. The presentation has not been . formally made, but I have been asked to let it be made to the mining engineers through the medium of MINING AND METALLURGY, the American Institute of Mining and Metallurgical Engineers being a constituent part of the Federated American Engineering Societies. I shall welcome any expressions of opinion that this statement may inspire. The statement follows: The engineers of, the United States, functioning through the American Engineering Council of the, Federated American Engineering Societies, feel it their duty to advise the American people respecting the present state of economic affairs in the nation, just as an individual engineer would his client. The people of the United States constitute a great corpora-tion, whose business affairs are analogous to those of a commercial company -multiplied many times. The engineers feel constrained to offer their opinion owing to the responsibility to do things which rests upon them. Confronted by the steady impoverishment of natural resources and the operation of the economic law of diminishing returns it devolves upon management, functioning through the engineering profession aided by scientists, to make such improvements leading to increased production and such elimination of wastes as to offset the increasing adversities of nature merely to hold our own; and to do more than offset them in order to improve the scale of living of the people. The engineers accept this responsibility, but in so doing they demand attention to their advice respecting fundamental economic matters, lest they be unduly hampered in the performance of the professional duties, which they acknowledge. The American Engineering Council therefore declares the following as the advice of engineers to the American people:

Jan 8, 1923

THE great event in American affairs was the sudden death of President Harding, on Aug. 2, in San Francisco. A few hours later Vice-Presi¬ dent Coolidge took the oath of office while in his father's farmhouse in Vermont and forthwith proceeded to Washington as the 30th president of the United States. The French and Belgian governments' replied to the British refusing the proposed discussion of the German offer and declaring that they would pursue their policy in the Ruhr until the German government abandoned its resistance and surrendered unconditionally. The economic collapse of Germany .appears to be nigh. Chancellor Cuno and his cabinet resigned the govern-ment of Germany on August 12, and Gustav Strese-mann, head of the People's party, accepted the task of forming a four-party coalition government. Coinci-dentally, there were food riots throughout Germany, and many persons were killed and wounded. The , National Assembly of the Turks at Angora ratified the Lausanne treaty, in the latter part of August, whereupon the retirement of the military forces of the Allies from Constantinople and the Straits began. Thus, Turkey was fully reinstated as a European power. The Greek government also ratified the Lausanne treaty and commenced to put its army on a peace basis. The number of unemployed persons in Great Britain is again increasing, which is causing much concern. The flood of crude oil and gasoline, which is severely taxing storage capacity, had its natural economic effect. Some small refiners were constrained to liqui-date in distress. The Governor of North Dakota, having acquired a supply of such cheap gasoline, insti-tuted a drastic cut in price, deliberately egging on the big refiners to do likewise. The Standard Oil Co. of Indiana accepted the challenge with enthusiasm, say-ing that it had always been its policy to sell as cheaply as any competitor. There was a humor in this situation which paved the way for the Standard to extinguish its small competitors and do by invitation of the State exactly what the muck-rakers had always charged as its greatest crime. The gasoline war spread to other states and reductions in price were made even on the seaboards. All of this was purely economic.

Jan 8, 1923

ROBERT WOOLSTON HUNT, who joined the Institute in 1874, served twice as its President, was made Honorary member in 1919, in whose honor the Hunt prize and medal were established, and who, within a month, had received the Washington Award, died at his home in Chicago on July 11, 1923. Robert Woolston Hunt was born Dec. 9, 1838, in Fallsington, Buck County, Pa., His father, Dr. Robert A. Hunt, of Trenton, N. J., graduated from Princeton College in the class of 1824, and later from the Uni-versity of Pennsylvania. His mother was Martha Lancaster Woolston. Mr. Hunt spent several years learning the practical side of iron making in the roll-ing mills of John Burnish & Co. at Pottsville, Pa. Later he took a course in analytical chemistry in the laboratory of Booth, Gar-rett & Blair, upon the completion of which he entered the employ of the Cambria Iron Co. at Johns-town, and for them, on Aug. 1, 1860, established the first laboratory in Amer-ica forming an integral part of an iron or steel organization. In the fall of 1861 he en-tered the United States military service, and was in command of Camp Curtin at Harrisburg, serving as mustering officer for the State of Pennsylvania, with the rank of Captain. In 1864 he assisted in recruiting Lambert's Independent Mounted Company, and was mustered into active ser-vice as a sergeant, having tossed up with a friend who had also participated in recruiting the company, as to which one should receive a Lieutenant's commission. Upon being mustered out of service, Mr. Hunt returned to the employ of the Cambria Iron Co. which sent him to the works at Wyandotte, Mich., where experiments with the new Bessemer process of making steel were being conducted. He was placed in charge of those works in July, 1865, and so continued until May, 1866, when the Cambria company called him back to Johnstown to take charge of their steel business, intending at once to begin the erection of a Bessemer steel plant. The plant, however, was not built for several years, and in the meantime the Cambria company began the rolling of steel rails for the Pennsylvania Railroad, using ingots of Bessemer steel produced by the Pennsylvania Steel Co. at their Steelton works. Mr. Hunt had charge of the steel for these operations; and in August, 1867, the first steel rails made in America on a commercial order were rolled.

Jan 8, 1923

By E. A. Barnard

ARSENIC is a very old substance. The ancients speak of it in their writings, and its use has developed very little until recent years. The ancients used it in making pigments, in medicine, and for poison. They also tell of the difficulties of handling it-an experience which is very similar to our own. Until about 10 years ago, arsenic was very cheap and was a drug on the market. About that time the boll weevil began making serious inroads on the American cotton crops, and after much investigation the Depart-ment of Agriculture developed a very successful poison for this pest, consisting of calcium arsenate. The weevil pest has continued, and as the cotton planters have become convinced that calcium arsenate is the best material to use against the weevil, the demands for it have been steadily increasing, resulting not only in a rising price of arsenic but in a very serious shortage so far as our country is concerned. So serious has this shortage become, and so vital is it to the cotton growing industry, that Congress has appointed a committee to investigate and report on the situation. A meeting of arsenic producers and consumers was held in New York last December to take stock of the situation and to see what could be done. The extreme increase in, the market price of arsenic-from 6 c. to 15 c. per lb. in less than a year-has been very harmful to the producers as well as to the consumers. Some very interesting' data were brought out at this meeting, as follows: CONSUMPTION PER YEAR, SHORT TONS Arsenate of lead 2,000 Paris green 1,200 Proprietary mixtures 750 Sheep dips : 1,000 Weed killers 1,500 Glass : 2,000 8,450 1922 Consumption as calcium arsenate 4,000 12,450 1923 Estimated consumption as calcium arsenate... 12,000 Estimated 1923 consumption 20,450

Jan 8, 1923

By Percy Barbour

The town of Goldfield, Nevada, with the exception of six stone buildings, was burned to the ground to-day. One man is dead from causes attributed to the fire. A woman is missing and is believed to have perished and several persons were treated for burns as the result of the conflagration believed to have been of incendiary origin which started in the old Tenderloin District. The water supply was not sufficient and dynamite only scattered the frame structures and added kindling to the flames which were fanned by a forty-mile wind. Newspaper Dispatch, July 6. No former Goldfield resident could read that dispatch with unmixed feelings. About two o'clock one morning the crowded train from San Francisco landed me in Goldfield no more hours late than it habitually was. The desert air was clear and crisp and bracing but the pandemonium of cab and bus drivers did not drown out the sounds of music and merriment which floated from the blaze of light which was Goldfield about three-quarters of a mile from the station. As I stood in the ferry house, at the foot of Market Street, awaiting the Oakland Ferry, an old friend of mine, down to see who was departing for the greatest boom town of this generation, informed me that if I had made no reservation for quarters in Goldfield, I would be unable to obtain any, even chairs in the hotel lobbies were renting for $4 per night, and volun-teered the use of his room there for my convenience until his return. He described the house and location, which I identified without difficulty, but found no one to direct me to the room. I peered through a glass door into a room which seemed to be unoccupied and timorously entered and turned on the electric light., I found mail on the dresser addressed to my friend,

Jan 8, 1923

EDITORIAL comments on the anthracite report of the Federal Fact-finding Coal Commission, which became public on July 5, together with an analysis of its more important conclusions, will be found on another page of this issue. In this place, only a few extracts from the report, bearing more directly on technical matters, can be quoted, for lack of space. COST OF MINING Mining cost, as it stands on the books of each mining company, represents the average cost of the total output, all sizes, of anthracite. Egg coal has at least five times the market value of barley, but these' sizes are mined together and their costs can not be separated. Mine costs directly reflect the conditions under which these deposits of coal are recovered. Even within the few counties in which anthracite is found there is a conspicuous range of natural conditions. The distinc-tion between the Northern, Middle, and Southern field, or, as they are also termed, the Wyoming, Lehigh, and Schuykill regions, is primarily geologic and topo-graphic, but the effects of the natural conditions largely control costs. The contrast is great between Some of the level-lying beds of moderate but fairly constant thickness under the broad Wyoming Valley, where mining and underground haulage present relatively simple problems to the engineer, and the steeply pitching or overturned and faulted beds of variable thickness in the Schuykill field, where crushed coal' and treacherous roof multiply the difficulties of mining; and increase the unavoidable waste. Even more direct is the connection between geologic processes and the, differences in the character of the coal as mined, the varying proportions of large and small sizes demanding differences in preparation and resulting in different average prices realized for the product of the mines.

Jan 8, 1923

By Raymond Sanford

IT IS difficult to know just when a hoisting rope should be removed from service and a new one substituted. It is desirable to utilize the full life of a rope but, on .the other hand, the damage and possible loss of life, resulting from delay in replacing it may amount to many times the cost of a new rope. In the present methods of inspection the inspector must rely upon accumulated experience and a certain sixth sense or intuition in addition to any rules that may be laid down regarding the number and distribu-tion of broken wires. This condition does not neces-sarily arise from lack of interest among users or makers of rope, but is due rather to the lack of satisfactory or adequate methods for testing ropes to determine their exact condition. The main difficulty in devising a physical test lies in the fact that a number of causes, all operating in different ways, contribute to the deterioration of a rope in service, and affect not only the external conditions but also the inner structure of the material of which the rope is constructed. Wear and broken wires on the outer part of the rope are not difficult to detect, but a test is needed which will clearly indicate the presence of broken wires in the interior portions and the change in strength due to alterations in the structure and properties of the material itself.

Jan 7, 1923

THE Directors of the Institute at the May meeting voted to take a referendum of our members on the subject of licensing engineers. At the June meeting, this action was rescinded, it being felt that the proportion of the members of this Society who would respond to such a referendum at the present time would not be large enough to give the data for which the referendum was intended. It was deemed advisable in its place to publish in this issue of Mining and Metallurgy arguments in favor of and against licensing. Two arguments by proponents of the movement follow. Many articles against licensing have appeared in these columns, in the last two years, covering most of the arguments on the negative side so that the sole contribution herewith is a summary of a referendum taken by the Mining and Metallurgical Society in 1920-21.-EDITOR.

Jan 7, 1923

PRESENTATION of the 1922 Washington Award to Capt. Robert W. Hunt, honorary member and twice president of the Institute, was made at the annual dinner of the Western Society of Engineers, in Chicago, on June 18, 1923, in the presence of 250 mem-bers and guests. W. L. Abbott, Chairman of the Award Commission, when delivering the presentation address, said The life of the Govern-ment of this country, as the lives of governments are usually measured, is short, barely 150 years, but meas-ured by what it has accom-plished, this country has reached a venerable age. The first 75 years of our country's existence were necessarily preparatory to the greater developments which came in the second, and that last half of our country's existence is ex-ceeded, by ten years, by the span of life of our honored guest. "Very little iron and steel were produced in this coun-try until after the birth of Robert W. Hunt. And it was not until after 1860, when as a boy of 21 he joined his fortunes with those of the Cambria Iron Works, that the iron and steel business of the country really took root. After a year or two with the Cambria Works, he left a promising position to go into the army, where he served for four years. After the close of the war he returned to the iron works and qualified himself as a metallurgical chemist.

Jan 7, 1923

By Charles Larkey

NUMEROUS papers have been published on the use of graphic methods to determine the best curve to be used in estimating the production decline of oil wells but, as far as the writer has been able to ascertain, nothing has been published dealing directly with the subject as to how curves may be worked out mathematically, which will conform most closely to the production data under consideration in any given instance; hence the writer has endeavored to show by means of a few concrete examples just how such appli-cation can be made. Among valuation engineers, two types of curves are in current use for the representation of the decline in production of oil wells. One may be represented by the equation, y = krx, sometimes known as a percentage curve, for the reason that the production for any period is multiplied by a constant rate or percentage to obtain the production for the succeeding period. This curve appears as a straight line on semi-logarithmic cross-section paper. The other curve may be represented by the equation, y = kxn, and is shown as a straight line on logarithmic cross-section paper. In each of these equations, y represents the number of barrels produced over a given period of time, and x the successive periods of time. The other letters are constants to be determined for each well or group of wells considered in arriving at the most probable curve to represent the rate of production for a given property; from which the underground reserves may be estimated by extrapolation, or the extending of the curve beyond the last known period of production to show the most probable production values for the future.

Jan 7, 1923

By Ernest Robinson

SINCE the early nineties, there has been a persistent belief in some minds that petroleum in commercial quantities exists in Montana. It is, however, only comparatively recently that commercial produc-tion has been secured. . The earliest deep boring in the plains region of Montana was made in what is now Blaine County, in 1890, by the town of Chinook in an effort to secure artesian water. The well reached a depth of 956 ft. without developing an adequate supply of fresh water, but the drillers reported shows of oil and gas. In 1892, the Quartermaster's Depart-ment of the U. S. Army drilled a hole at Fort Assini-boine, northwest of the Bearpaw Mountains, in essentially flat-lying sediments to secure water for the military establishment. This well reached a depth of 1500 ft. and shows of oil and gas were reported. In 1903 and 1904, two wells were drilled within what is now the Glacier National Park in an effort to develop oil production. Shows of oil and gas were encountered at several horizons but no commercial production was brought in. The extraordinary geological conditions in the area where these wells were drilled should be mentioned. The thrusts from the southwest which, in other places along the Rocky Mountain front, resulted in folding, here developed the great Lewis overthrust fault. It is in fact largely to this fault that the magnificent scenery of the Glacier Park is due. A great thickness of Algonkian strata belonging to the Belt series was thrust northeastward over the upper Cretaceous sediments. The derricks under which the wells referred to were drilled were in moun-tains composed of very old rocks but the holes were drilled through Cretaceous sediments.

Jan 7, 1923

ON July 2 the Krupp plant in Essen was occupied by the French. The City of Frankfurt, on the edge of the Mayence Bridgehead was surrounded by the French. French infantry and cavalry occupied some more towns in the Ruhr. These moves were apparently in the way of reprisals. The Bank of England on July 5 raised its discount rate from three per cent. to four, per, cent., the lower rate having previously prevailed for almost exactly a year.. The advance appears to have been inspired by the reserve ratio, but especially owing to the fact that the low rate in the London market had led to the out-flow of funds from there to other markets. Philip Snowden brought up again in the British .Parliament his motion in favor of the condemnation of the capitalistic system and the substitution of socialism. The motion was put to vote and was defeated by large majority, only the members of the Labor party voting for it. The Allies and the Turks finally came to an agree-ment at Lausanne, the Turks getting about all for which they asked. It would be tiresome to record the details. The main fact is that the Turks, after having been ejected from Europe in 1918, are now going to return. Russia agreed to the settlement respecting the Straits. The Soviet Government of Russia formulated and adopted, subject to ratification, a constitution for the United States of Russia, which appears to be patterned after the constitution of the United States of America and the unwritten constitution of Great Britain. The important thing about this seems to be that it definitely reunites the constituent parts of the old Empire, the semi-independence of the Ukraine being surrendered.

Jan 7, 1923

By H. A. Kursell

IN pre-war days, the mining industry of Russia occupied in the industrial life of the Empire a place of ever increasing importance. The peak of produc-tion was reached in 1913 and 1914, the years of greatest prosperity, and a rapid growth of the mineral industry seemed assured, especially as regards base-metal mining. Exceptions were the gold production, for which a gradual decline was anticipated, and the platinum out-put which was expected to remain steady. A greater productivity of labor, corresponding to better working facilities was noticeable, and the economic status of the working classes was constantly improving. The tremendous strain on Russia's economic life caused by the World War did not materially alter the prospects of the mineral industry and the fundamental changes began only with the revolution in the spring of 1917. Their scope and character are illustrated by the figures in Table 1 which compare, for the parts of the Russian Empire under Soviet (R. S. F. S. R.) control, the average mineral production of 1913 and 1914 with that of 1920, 1921 and 1922, as supplied by bolshevik sources.1The latter three years in Russia's history were characterized by the firm establishment in power of the Communist party as a new ruling caste. Silver, lead, zinc, tin, nickel, tungsten, barite, etc., were either produced in negligible quantities, or not at all. However, before the revolution the development of several argentiferous lead-zinc deposits in western Siberia had reached a stage which seemed to assure an appreciable output of the white metals for the near future.

Jan 7, 1923

By W. R. Ingalls

THE MAJOR use of spelter has always been for the coating of iron and steel products, the process of coating being known as "galvanizing" and the products themselves as "galvanized," except for a couple of years during the war, when the consumption for brass making became superior, in the United States at least, owing to military demands. Since 1919, however, the consumption of spelter for galvanizing has regained the premier position, but not with such a long lead over brass making as previous to the war. The last development is ascribable to two main reasons, viz., an increased demand for brass in new industries, especially automobile manufacturing; and a diminished use of spelter per unit of iron and steel galvanized. MAJOR IMPORTANCE OF SUBJECT The last mentioned matter has already been the subject of some discussion and of some literature. The galvanizers have been charged with deliberately thinning their zinc coatings, with the consequence of producing inferior goods and thereby jeopardizing the whole galvanizing business. Zinc producers have been concerned about this, out of consideration of both the less use of zinc per unit of iron and steel and the fear that, the number of units produced may be curtailed. It has been argued, among other things, that the present policy of American galvanizers would impair their ability to compete in foreign markets with British galvanizers, who have been represented as making a superior product.

Jan 7, 1923

NEARLY one hundred members of the Mining and Metallurgical Society of America and friends of Professor Peele met at dinner at the Aldine Club, New York, on the evening of April 26, to take part in the ceremonies attending the presentation of the Society's annual gold medal. This had been awarded to Professor Peele by the Society in recognition of his laborious and painstaking work as Editor-in-chief of the monu-mental "Mining Engi-neers' Handbook. Carl A. Meissner acted as toastmaster. W. Y. Westervelt, a student and lifelong asso-ciate of Professor Peele, then recounted some of his friend's early exploits, be-ginning with his mining adventures in the paternal cellar, whereby the neces-sity for adequate ventilation was indelibly impressed on his mind. Graduating from the Columbia School of Mines in 1883, Robert Peele for several years followed the typical mining career, as assayer and superinten-dentatan outlying Colorado mine; mill foreman and assistant superintendent of the Silver King, in Ari-zona; in charge of a mine at Fairplay, Colo.; and superintendent for the Ore-gon Gold Mines Co., at Cornucopia. At intervals during this experience, he spent parts of four years on two mineral investigations m in Peru, Bolivia, Colombia, and Dutch Guiana. He i was called to Columbia as Adjunct Professor of Mining in 1892, and became Professor in 1904. During his sabattical leave in 1903 he travelled around the world, r stopping at some of the most important mining cen-ters, and in 1910 he renewed his acquaintance with South Africa and South America.

Jan 6, 1923

ON JUNE 7 the German Government handed to the French and Belgians a new proposal for reparations, which offered 1,200,000,000 gold marks annually, to be guaranteed as to 500,000,000 by a mortgage on the national railways, as to another 500,000,000 by a mortgage on industry, commerce, land and factories, and as to 200,000,000 by a luxury tax. The number of years for which this payment should run to be left to settlement by an international conference. This offer was taken under consideration by the French and Belgians, who instituted conversa-tions with the British in the hope of arriving, at some joint action with respect to the Germans. Up to the end of June nothing had been determined. In the meanwhile, the continued French and Belgian occupation of the Ruhr seemed to develop a condition of guerilla warfare, considerable bloodshed occurring throughout the region. The second Lausanne Conference dragged on, the Allies being apparently unable to take any firm, joint stand, while the Turks increased their importunities and managed to get concession after concession. Early in June a revolution occurred in Bulgaria, the previous Government under Premier Stambulisky, based on the agrarian party, being forcibly thrown out by a bourgeois and military combination. This pro-duced considerable disorder in Bulgaria, outside of which country the nature and purpose of the revolution does not appear to be well understood. Stambulisky's partisans offered feeble, isolated resistance to the revolu-tion; in connection with which there was some blood-shed and Stambulisky himself was reported killed, although this was later contradicted. Professor Zan-kof, the new Premier, issued a statement, that the change of the Government was the result of discontent, that the foreign policy of the new Government would be peaceful, and that Bulgaria would continue to fulfill her international obligations, particularly the treaty of Neuilly. It was the opinion of London that the immu-nity from taxation enjoyed by the farmers under the agrarian regime is likely to he superseded by more equi-table taxation, and in general that the bourgeoisie will be better administrators of the public affairs In domestic affairs industrial activity continued at a high rate, but there was distinct relaxation in the demand for raw materials, and also in some manufac-tured goods. During June there were reductions of prices by many of the automobile tire manufacturers. There seemed to be also further contraction in the demand for automobiles.

Jan 6, 1923

By Robert Linton

THE PURCHASE of silver by the United States Government under the provisions of the Pittman Act is practically completed. Producers of silver in this country will now have to market their silver in competition with the rest of the world. It therefore becomes of interest to study such data as are available and endeavor to obtain such suggestions as may be afforded therefrom as to the probable future market position of the metal. Conditions influencing the marketing of silver are numerous and complex. It is a commodity entering. into the arts and manufactures, and therefore influenced by the condition of various lines of business which make use of it; it is currency-being used by all countries for subsidiary coins and even as the founda-tion of the system by a very few; and it serves as a frequent basis for speculation. The various factors involved can easily set up so many cross-currents in the flow of the metal that predictions in regard to the market position of silver can never be safely made, although it may be possible to form some idea of prob-able trends over a sufficiently long period. Of course price is determined, as is the case with all commodities, by the inexorable workings of the law of supply and demand.

Jan 6, 1923

By Thomas Read

AMONG the large number of deep mines in the world there are several which do not differ much in depth. The St. John del Rey mine, in Brazil, has reached a vertical depth of 6726 ft. below the top of its shaft; miners enter it, however, through an adit which intersects the shaft 324 ft. below its top, wherefore it might be said that the mine is really only 6400 ft. deep. In the Kolar gold field of India there are a number of deep shafts, one of which reaches to a vertical depth of 6140 ft. below surface. In South Africa also there are a number of deep shafts, the Village Deep being 6100 ft. early in 1921. The City Deep, Ltd., proposes to sink to a depth of 7000 ft. but pre-sumably by the time it does so the St. John del Rey will be deeper than that, since it has been increasing in depth at an average rate of about 150 ft. per year. The deepest shaft in the United States, the Tamarack No. 5, although it is only 5308 ft. deep, actually approaches nearer to the center of the earth (4100 ft. below sea level, as against 3958 ft. , at St. John del Rey). The deepest workings in the Calumet & Hecla go down to 4600 ft. below sea level. The St. John del Rey is not only the deepest, mine in the world, but it also is worked by the oldest registered English mining company, which was organ-ized in 1830 to work a mine at a considerable dis-tance from this one. That mine proved unprofitable, and in 1837 operations were transferred to the. deposit now under discussion, where operations have been prac-tically continuous ever since.

Jan 6, 1923