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Jan 1, 1910

By C. W. Volek, G. Mandl

Steam-injection tests in the field have shoum that heat transport into the oil/water region, ahead of the steam zone, may have a significant effect on the production process. Earlier theoretical work on reservoir heating by hot-fluid injection can be used to describe the growth of the steam zone, but only if heat transport from steam zone into oil/water region is neglected. It therefore became necessary to re-examine and extend the earlier theory. It was found that this theory ceases to be consistent with the physical model of the process at a certain critical time, tc, which depends on reservoir thickness, temperature, and quality of the steam. The critical time marks an important change in the heat flow across the condensation frovt: the heat flow, which is purely conductive during 0 < t < tc&apos; becomes predominantly convective at t = tc. Accordingly, at t = tc, the equation which governs expansion of the steam zone changes. On the basis of the new equation, an approximate description for the steam-zone growth during t > tc is developed by making use of upper and lower bounds for the exact solution of the problem. The boundary conditions for heat and mass flow inside the oil/water region are established, and a simple method of detennining the saturation at the downstream side of the condensation front is presented. Experimental results show that the theory gives an accurate description of steam-zone expansion before the critical time. At times near critical time, and also after critical time, experimental data show theoretical steam-zone volumes to be high. Even so, the accuracy of the calculated steam-zone volumes is sufficient for practical purposes. THEORY OF STEAM-ZONE GROWTH INTRODUCTION The engineering evaluation of steam-drive processes is based mainly on a mathematical description of reservoir heating by hot fluid injection presented several years ago by Marx and Langenheim.l This theory can be used to determine the growth of the steam zone,2 provided the flow of heat from the steam zone into the liquid zone ahead of the condensation front (Fig. 1) is neglected. Since we must expect, however, that heat transport into and inside the liquid region (the region between condensation front and production wells) will affect both the water/oil flow and the growth of the steam zone, it is necessary to re-examine and to generalize the Marx and Langenheim theory as applied to steam drive, which will hereafter be termed the "old" theory. Observations made in several field tests emphasize the need to study the heat flow across the condensation front (CF). On several occasions it was discovered that heat was transported in the liquid zone far ahead of the advancing CF, resulting in an early breakthrough of warm water. This seems to occur most often when high injection pressures are applied, when "wet" kONINKLIJKE/SHELL EXPLORATIE EN PRODUKTIE LABORATORIUM RIJSWIJK, THE NETHERLANDS SHELL DEVELOPMENT CO. HOUSTON, TEX.

Jan 1, 1970

By H. W. Mossman

Three aspects of magnetite smelting are discussed. The first is the working out of equilibrium conditions for eliminating sulfur. The second is the influence of magnetite solubility on the difficulty of tapping the reverb matte. The third is an approximation of the equilibrium conditions in the reverb gases which govern whether magnetite is mode or reduced in the reverb slag by these gases and by any iron sulfide in the slag. MAGNETITE has had a varied history in the Hurley Smelter since its start in 1939. Magnetite determinations on the smelter products are made regularly only on the monthly composite samples. Variations on the monthly averages are shown in Table I. Magnetite which drops from the slag and matte in the reverb has some slight bottom buildup which comes and goes, but no substantial accumulation from this source has been found at the end of a normal nine months&apos; furnace campaign. However, there has been some low grade magnetite bearing material mixed with considerable A1,0,, which has slid down from the bottom of the sloping flue between the reverberatory furnace and the waste heat boilers. This accretion has required drilling and blasting near the skimming end of the furnace. The magnetite has interfered with tapping at times. When the smelter was first started, tapping trouble from magnetite was extremely severe. Increasing the reverberatory furnace temperature by putting in an air preheater and a Dutch oven has helped greatly, although there still is occasional tapping trouble. When the present series of physical chemistry articles on copper smelting started coming out in 1950, they were read with interest, but no immediate application was seen for them. Results of some laboratory work in 1952 aroused a much stronger interest in this physical chemistry. A series of melts was made on some converter slags, which had magnetite in very large grain sizes, with the object of reducing the grain sizes in the slag, as it was known that it was easier to handle in the reverb in that condition. Anything done in the tests greatly reduced the grain sizes—even in the controls, where nothing was done except melt the slag and cast it. There was more magnetite in the slags after the tests than before, and with wide variations. There were no obvious reasons lor much of what happened in these tests. Much of the base material published in English in this field was made available for study. Recalculations were made on many of the type problems, and part of the data was reduced to local temperatures and compositions. Explanations were found for what happened in the 1952 series of tests on converter slags, and the same principles turned out to be a description of much of what magnetite does in the reverb. This article is to present the results of that study, from the viewpoint of applying the technical material in definite numerical form to the operating conditions in both the converters and the reverberatory furnaces at the Hurley smelter. Table I. Magnetite Variations on Monthly Averages, 1939 to 1955 Pet Magnetite Lowest Highest Average Converter slag 13.6 43.3 25.4 Roverb slaa 2.7 20.9 8.7 Matte 28 15.9 98 In general it was found that magnetite is made or reduced in both the converters and the rever-beratory furnace, depending on variations of temperature, matte composition, and reverb gas composition occurring in ordinary plant operation. Within reasonable limits, the field conditions for formation or reduction can be predicted, and probably can be set up and maintained. Converter conditions affecting magnetite formation can be put into numerical values better than for the reverb from purely technical calculations. The converter can be operated so as to keep the magnetite in the slag down to between 12 and 14 pct and still give satisfactory life for the converter brick. This depends upon having converter flux available which will make a slag with a good separation without raising the temperature too high. In the Hurley reverb and others with similar conditions, it is likely that a compromise of conditions will give a reasonably good control of combustion and still keep the magnetite from building up on the bottom. This discussion consists of three main parts. The first is the working out of the equilibrium conditions in the converter for determining in which direction the reaction 3 Fe,,O, (s) + FeS (1) F? 10 FeO (1) + SO, will go under actual converter operating conditions. The second deals with the influence of the solubility of magnetite in the slag and matte in the reverb on the difficulty of tapping matte. The third is an approximation of the equilibrium conditions in the

Jan 1, 1957

By Robert Glass Cleland

THE OUTBREAK of World War II found Phelps Dodge, thanks to both foresight and good fortune, in a position to increase production of its mines and factories to meet the insatiable military and domestic needs of the times, far beyond all previous records. With the timely completion of the expansion program at Morenci, the company&apos;s copper output rose to approximately 447 million pounds in 1942 and to over 478 mil- lion pounds the next year, compared to some 300 million pounds in 1939. To meet the civil and military needs for fabricated cop- per products, the Phelps Dodge Copper Products Corporation carried out an expansion program comparable in size to that of the Phelps Dodge mining operations. It built new plants, enlarged and reorganized those already in operation, multiplied the number of technical experts on its staff, adopted new methods and new machines for the new prod-

Jan 1, 1952

By Robert Glass Cleland

THE THIRD and most important item on the Phelps Dodge agenda for the development of new ore supplies involved the site of the company&apos;s initial venture into Arizona, the old mining camp of Morenci. By the purchase of the Arizona Copper Company&apos;s holdings in 1921, Phelps Dodge had obtained control of virtually the entire Morenci district, including town, public utilities, and, above all, the huge mineralized area that had once been divided between numerous competing companies. Because of this rigid concentration of ownership in the hands of one organization, Phelps Dodge was able to plan and successfully carry out a program of greater magnitude than any Arizona mining company had previously under- taken. The immense deposit of low-grade ore, usually referred to as the Clay Orebody, had been known to the mining companies of Morenci for many years. Pioneer exploratory work, both by the Arizona Copper Company and later by Phelps Dodge, revealed that the deposit, mostly of light-gray porphyry rock, lay under a hard capping from two hundred to five hundred feet thick. An intensive drilling

Jan 1, 1952

By W. B. Mather

The object of this paper is to record and interpret data collected during the examination of over 250 barite deposits in the Central Mineral District of Missouri. In the course of this study, the origin of the deposits, which the author believes to be hydrothermal, has been given particular attention. Economic barite deposits occur in two main areas in Missouri: (I) in the Washington County District of Southeast Missouri, from which over 90 pct of the state&apos;s production is derived; and (2) in the Central Mineral District, which includes portions of 15 counties in Central Missouri (Fig I). Barite in the smaller Washington County District is mined from widespread low grade, relatively shallow residual deposits, whereas in the Central District, it is mined

Jan 1, 1948

By W. B. Mather

The object of this paper is to record and interpret data collected during the examination of over 250 barite deposits in the Central Mineral District of Missouri. In the course of this study, the origin of the deposits, which the author believes to be hydrothermal, has been given particular attention. Economic barite deposits occur in two main areas in Missouri: (I) in the Washington County District of Southeast Missouri, from which over 90 pct of the state&apos;s production is derived; and (2) in the Central Mineral District, which includes portions of 15 counties in Central Missouri (Fig I). Barite in the smaller Washington County District is mined from widespread low grade, relatively shallow residual deposits, whereas in the Central District, it is mined

Jan 1, 1948

CONTENTS PAGE East Texas, except the Gulf Coast-H. Vance 3 Gulf Coast-L. P. Teas 8 Texas Panhandle-C. C. Rae 16 North Central Texas-H. F. Smiley 23 North Louisiana, South Arkansas and Mississippi-B. C. Craft 25 Oklahoma-C. H. Pishny, Raymond M. Carr and E. J. Dickinson 31 Kansas-E. A. Koester 35 Rocky Mountain District-C. D. Johnson 46 Illinois and Indiana-T. Wasson 49 Michigan-T. Wasson 52 Eastern States-P. D. Torrey and W. H. Young, Jr 58 West Texas and New Mexico-W. V. Vietti. Published as a Supplement.

Jan 1, 1933

Jan 1, 1894

By Ian Campbell, G. Austin Schroter

Although there is now an extensive literature on the bleaching clays, not a great deal of material is to be found concerning the geological features of these deposits and their bearing on problems of exploration and development. At the same time, chemical and crystallographic research on the clay minerals during the past few years has laid a suitable foundation upon which to base conclusions of economic value drawn from field observations. All of the criteria and deductions herein presented are based upon extensive field work by the senior author, both in the United States and Canada, and when .subjected to the ultimate tests of development and exploitation they have held up remarkably well, despite the fact that many of these conclusions apparently have not been reviewed in the literature heretofore. The nomencelature of the bleaching clays is rather confusing in the light of present-day commercial standards and has even led to litigation.&apos;" The old term "fuller&apos;s earth" is largely based upon trade usage and the definition of the term therefor? is dependent upon the changing standards of commerce. For statistical purposes the Bureau of Mines8&apos; classes as "fuller&apos;s earth" all natural bleaching or filtering claylike materials that possess high adsorptive capacity without previous chemical treatment or activation. Conversely, the so-called activated or acid activated clays are now generally recognized as any clay mineral or mixture of the clay minerals whose adsorptive capacity has been developed to commercial standards by chemical or physical treatment. Therefore, without attempting to propose any additions to the nomenclaturc: of bleaching clays, this paper will refer to naturally adsorptive clays and activable clays, respecbively, for the two types indicated.

Jan 1, 1942

By G. Austin Schroter, Ian Campbell

Although there is now an extensive literature on the bleaching clays, not a great deal of material is to be found concerning the geological features of these deposits and their bearing on problems of exploration and development. At the same time, chemical and crystallographic research on the clay minerals during the past few years has laid a suitable foundation upon which to base conclusions of economic value drawn from field observations. All of the criteria and deductions herein presented are based upon extensive field work by the senior author, both in the United States and Canada, and when .subjected to the ultimate tests of development and exploitation they have held up remarkably well, despite the fact that many of these conclusions apparently have not been reviewed in the literature heretofore. The nomencelature of the bleaching clays is rather confusing in the light of present-day commercial standards and has even led to litigation.&apos;" The old term "fuller&apos;s earth" is largely based upon trade usage and the definition of the term therefor? is dependent upon the changing standards of commerce. For statistical purposes the Bureau of Mines8&apos; classes as "fuller&apos;s earth" all natural bleaching or filtering claylike materials that possess high adsorptive capacity without previous chemical treatment or activation. Conversely, the so-called activated or acid activated clays are now generally recognized as any clay mineral or mixture of the clay minerals whose adsorptive capacity has been developed to commercial standards by chemical or physical treatment. Therefore, without attempting to propose any additions to the nomenclaturc: of bleaching clays, this paper will refer to naturally adsorptive clays and activable clays, respecbively, for the two types indicated.

Jan 1, 1942

By Hans Lundberg

FOR the last 20 years, geophysical methods have been in practical use. The results accumulated during this time have been broad enough to enable us to formulate some general rules for conducting geophysical surveys to the best advantage. It is a well established fact that electrical and magnetic methods have aided the geologist to outline bodies of ore, to differentiate between various types of rocks hidden from view and also to determine the thick-ness of the layer of drift that covers the bedrock. Fundamental require-ments for a successful solution of a geophysical problem is the existence of physical differences between the various formations under investiga-tion. If such conditions exist, our problem becomes a physical, mathe-matical and geological analysis of the effects of these differences upon the structure of an arbitrarily produced, or already existing, field of force. Experience has shown that reliable and consistent results in analyzing such fields of force are obtained only if: (1) the methods and apparatus used are scientifically sound and designed to provide information with a maximum amount of accuracy, reliability, sensitivity, simplicity and speed of operation, and (2) the interpretation of the results of such an investigation is guided not only by rigid mathematical rules but also by common sense, based upon sound geological knowledge and imagination. Today, a number of methods are based upon sound principles, are highly sensitive and are well suited for field work. The instrumental developments have resulted in self-contained instruments, which permit the determination of field ratios and intensities with great accuracy. Magnetic surveys have almost become standardized. The electrical methods, mostly based on the determination of potential-drop ratios, or electromagnetic field ratios, are built as bridge circuits and it is easy to determine amplitude, as well as phase relationship of the various electrical and electromagnetic fields.

Jan 1, 1938

By Anson Hayes, John Chipman

The quality of sheet and strip products made of rimming steel is closely related to the structure and chemistry of the ingots. The variation in composition throughout the ingot, as affected by segregation, is of great importance, as are also the form and distribution of the voids that result from the gases evolved. It is because of this importance that the considerable literature in this field has accumulated. No attempt is made in the present paper to compile a bibliography of the excellent work that has already been done, as this has been adequately covered in the many excellent reports on the heterogeneity of steel ingots prepared by a joint committee and published by the Iron and Steel Institute.&apos; From time to time, in any field of investigation new tools and new technique are developed, which make further progress possible. In the field with which this paper is concerned, this is true. The development of the vacuum-fusion method as a means of following oxygen segregation, and a technique for obtaining the volume and composition of the gases evolved during solidification, have opened the way to obtaining data by means of which some considerable progress has been realized in developing more of the detailed mechanisms of solidification and segregation in rimming-steel ingots. General Theory of Segregation The basic cause of segregation lies in the fact that the impurities are less soluble in solid than in liquid iron. The solid that forms from the impure liquid is more nearly pure than the liquid itself. If solidification proceeds slowly enough, or if the liquid and solid phases are maintained in contact with one another for a sufficient time, a condition of equilibrium is set up, which may be represented by a phase diagram. Portions of the

Jan 1, 1939

[The following discussion, comprising both remarks made at the Chicago meeting and contributions since forwarded to the Secretary, is based upon the following papers, presented at that meeting : "Segregation and its Consequences in Ingots of Steel and Iron," by Alexandre Pourcel, Paris, France. (See p. 105, mans. xxii.) " Microscopic Metallography," by F. Osmond, Paris, France. (See p. 243, Trans. xxii.) " Microstructure of Ingot-Iron in Cast Ingots," by Prof. A. Martens, Berlin, Germany. (See p. 37.) " Microstructure of Steel," by Albert Sauveur, South Chicago, Ill. (See p. -546, Trans. xxii.) "Farther Observations on the Relations Between the Chemical Constitution and Physical Character of Steel," by William R. Webster, Philadelphia, Pa. (See p. 113.) "The Heat-treatment of Steel," by H. M. Howe, Boston. Mass. (See p. 466.) Since all these papers were considered together, no attempt has been made to separate the discussion strictly under the several heads.] William R. Webster, Philadelphia, Pa.: I desire to say that in my first paper (Trans., xxi., 766) the actual ultimates were subtracted from the estimated ultimates, whereas in the paper submitted at this meeting the estimated ultimates are subtracted from the actual, thus giving contrary signs. The latter method corresponds with the direct effect. of low and high finishing-temperatures ; that is, a plus difference indicates low, and a minus difference high, finishing-temperature. I make this explanation to prevent confusion in comparing the two papers. Mr. Sauveur has shown that there is a close relation between the size of the grain and the ultimate strength, and also that the size of the grain depends on the temperature at which the material is finished in rolling, and on the chemical composition of the steel. I have shown that there is a close relation between the chemical

Jan 1, 1894

By Reno Sales

THE present-day application of geological knowledge to mine opera-tions owes much to Survey activities. Early publications covering developed deposits at Comstock and Eureka in Nevada, and Leadville in Colorado, aroused great interest in mine geology among mine owners and operators. In later years personal contacts between Survey geologists, notably Lindgren, Spurr, Emmons, Weed, and Ransome, to name only a few, and mine managers, mine superintendents and mine foremen, brought directly home the importance of geological mapping and study in connection with mine operations. However, the Survey had recognized from the beginning that it was not practicable, either from the viewpoint of cost or policy, to supply direct help to the miner. The situation was met by many large mining companies through the organization of geological departments to deal with problems of geology which concerned not alone the every-day mine operation but also the life expectancy of the ore deposit. The mine owner therefore looked to the mine geologist to apply the "laws of ore deposition" in estimating the future of his mine. The examination of outside properties also became a duty of the company geologist where replacements were needed or where expansion of operations was contem-plated. And finally, out of this situation there developed the inde-pendent consulting geologist, specializing in geological examinations of prospects, mines, and mining districts, whose duties included the highly important but often difficult task of appraising ore reserves and ore possibilities. Thus, while it may be considered by many that the work of the mine geologist overlaps that of the Survey geologist, their respective fields of endeavor are not in conflict. The appearance of the mine geologist has lessened in no manner the need of intensive field and research work by the Geological Survey and related organizations.

Jan 1, 1934

By Anson Hayes, John Chipman

The quality of sheet and strip products made of rimming steel is closely related to the structure and chemistry of the ingots. The variation in composition throughout the ingot, as affected by segregation, is of great importance, as are also the form and distribution of the voids that result from the gases evolved. It is because of this importance that the considerable literature in this field has accumulated. No attempt is made in the present paper to compile a bibliography of the excellent work that has already been done, as this has been adequately covered in the many excellent reports on the heterogeneity of steel ingots prepared by a joint committee and published by the Iron and Steel Institute.&apos; From time to time, in any field of investigation new tools and new technique are developed, which make further progress possible. In the field with which this paper is concerned, this is true. The development of the vacuum-fusion method as a means of following oxygen segregation, and a technique for obtaining the volume and composition of the gases evolved during solidification, have opened the way to obtaining data by means of which some considerable progress has been realized in developing more of the detailed mechanisms of solidification and segregation in rimming-steel ingots. General Theory of Segregation The basic cause of segregation lies in the fact that the impurities are less soluble in solid than in liquid iron. The solid that forms from the impure liquid is more nearly pure than the liquid itself. If solidification proceeds slowly enough, or if the liquid and solid phases are maintained in contact with one another for a sufficient time, a condition of equilibrium is set up, which may be represented by a phase diagram. Portions of the

Jan 1, 1939

By Elmer A. Jones

Like the caboose on the end of a long freight train L made up of mineral and metal processing and consuming industries, the mining industry progresses according to the movement of the train to which it is coupled. Sometimes the caboose rolls smoothly; occasionally it bumps along on the ties; almost always it is under criticism from someone for being too small, too large, too expensive, foolishly progressive, or hopelessly out of date. We who ride in the caboose are used to the rough by now, but it is nice now and then to have a bit of the smooth. Last year the train of industrial production rolled ahead swiftly and smoothly, and, except for a hot-box caused by strikes in copper mines, so did the caboose. As is brought out elsewhere in this issue, the outlook for 1956 is for more of the same.

Feb 1, 1956

By H. T. Clark, S. Feigenbaum

THE importance of measuring the temperature of molten steel in the open-hearth furnace has been recognized for many years. Poor temperature control may be costly to steelmaking operations and lead to a lowered quality of the steel. Low or excessive temperatures may shorten the life of the furnace, ladles and molds. Rates of reactions in the furnace and efficiencies of deoxidizers are known to change materially with a change in the temperature of the metal and slag. Ladle skulls and mold and stool stickers cause steel to be scrapped instead of being converted into useful products. Finally, the structure, segregation and surface condition of ingots are affected by the teeming temperature. Mill investigations of the effect of bath temperature upon steelmaking operations have been largely qualitative in character, based upon observations by practical melting men. The physical chemist has used the empirical information available and has reached reasonable and useful conclusions with respect to the various melting processes. The introduction of a reliable direct- reading pyrometer will permit accurate quantitative evaluation of the effects of temperature and should furnish a more rational basis for study of the thermo- chemistry of steelmaking. The problem is not merely one of making a small number of temperature measurements in the open-hearth furnace. This has been done by several methods to a degree of precision that was apparently satisfactory. Considerable effort by a number of investigators has been directed rather to the development of an open- hearth bath pyrometer that would be both accurate and practical for routine measurements. To be practical, the pyrometer should be inexpensive to operate; that is, the installation, operating and maintenance costs should be exceeded by the tangible benefits to the open-hearth operator. Temperatures from 2800° to 3100°F. are encountered in the open-hearth furnace. The surface of the molten metal is covered by several inches of slag, which prevents direct observation of the metal surface for optical or radiation measurements. Both slag and metal are highly reactive at these temperatures and will attack to a greater or lesser extent any material immersed in them. Adequate protection of thermocouples, which of necessity must be brought to the temperature of the bath, has generally resulted in a large, heavy assembly made up of .brittle materials, unsuited for handling on the open-hearth floor. The lie of the equipment was short and maintenance was an important consideration. EARLIER WORK Any one of a number of physical proper- ties of liquid steel could conceivably be used as a basis for temperature measurement. Efforts to the present time, however, have been confined largely to measuring either the thermal electromotive force generated between two dissimilar materials immersed in the steel or the intensity of radiation from the surface of the steel. These

Jan 1, 1946

By Albert Sauveur

Iron, like other metals, solidifies through the formation of dendritic crystals; iron alloys forming solid solutions, like other solid solutions, solidify likewise through the formation of dendritic crystals. The alloying elements or impurities as well as the inclusions segregate generally in the interstices, or "fillings," between the axes and branches of the dendrites; that is, in the portions last to solidify. This results in dendritic segregation or heterogeneity, which is generally persistent and makes possible the revelation of the dendritic crystallization of the metal through the selective action of a suitable etching reagent.&apos; For this purpose, a cuprie solution, such as Le Chatelier&apos;s, is generally used, copper being deposited on the pure, or relatively pure, ferrite present in the axes while the fillings remain free, or relatively free, from copper deposition. The dendritic structure, formed on solidification in a steel containing 0.50 per cent. carbon, 0.37 per cent. manganese, 0.12 per cent. silicon, 0.07 per cent. sulfur, and 0.035 per cent. phosphorus is shown, after treatment with Le Chatelier reagent, in Fig. 1 under a magnification of 8 diameters. Commercial steel always contains inclusions of manganese sulfide, which are located in the fillings of the dendrites. Comstock has shown that boiling sodium picrate imparts a dark coloration to these inclusions. We find that this reagent likewise reveals dendritic segregations in commercial steel, as shown in Fig. 2, under a magnification of 8 diameters. which represents the same spot as that shown in Fig. 1. The fillings have been darkened while the axes remain white, the action being, therefore, the reverse of that of cupric reagents. On closer examination, under higher magnification (Fig. 3) it is found that the picrate blackens the small particles of manganese sulfide, that these are frequently surrounded by a rim of white, or relatively white, ferrite, and that both the ferrite

Jan 1, 1924

By S. Epstein

THE new low-alloy high-strength steels are obviously here to stay. With 75 per cent higher yield strength and 50 per cent higher tensile strength than plain carbon structural steel, they permit 20 to 40 per cent weight savings and 10 per cent or more increase in pay load in the con-struction of railroad cars, buses, trucks, and a great variety of material-handling equipment. Their cost is low enough so that the extra cost of the new lighter construction over that with carbon steel offers an attrac-tive self-liquidating investment; in some instances new construction with these low-alloy steels may even be as cheap as with plain carbon steel. A considerable and rapidly growing demand for the low-alloy steels has already sprung up. The many steel compositions that have appeared on the market lately 18,27,28,29,30 to meet this demand would seem to indicate that no single composition is uniquely fitted for the purpose. However, no doubt some compositions are more suitable than others. The purpose of this study was, therefore, to compare the effects of the various alloying elements that might be used in the low-alloy steels in order to choose the metallurgically most logical composition, paying due regard, of course, to the economic aspects involved.

Jan 1, 1936