o
48
OUR MINERAL RESERVES.
oil,” etc. The working up of the trade for these oils on the basis of
Russian raw material was largely a matter of pure chance, but not of
necessity, inasmuch as oils of the same character can be readily pro
duced from American petroleum, and in fact have been produced
in small quantities for many years. Thus vaseline oil is a by-product
in the manufacture of vaseline, and has been used for the same
medicinal purposes for many years. There is no other product of
petroleum manufactured abroad which is not also manufactured in
the United States. Arrangements have been completed whereby
American alboline will be on the United States market in quantity
before the end of the present calendar year, whether hostilities
cease or not.
One of the products of petroleum that has been exported to a
value between $9,000,000 and $10,000,000 during the last three years
is paraffin wax. In spite of these large exports, natural mineral
wax (ozokerite) is imported, for the reason that its melting point
is very high, and although the paraffin wax from petroleum can be
produced with this high melting point, the process is difficult and
costly. Ozokerite occurs in considerable quantity in Utah in the
region of Soldiers Summit, and has been produced there, but the cost
of extracting it from low-grade material, together with the cost of
transportation to the market, which is chiefly in the Eastern States,
has made it possible for the foreign material, which comes from
Galicia, to compete with it successfully. The domestic ozokerite
should now replace the foreign material.
Another material related to petroleum which has long furnished
a large import trade is asphalt from the island of Trinidad. This
trade has persisted in spite of the very large developments of asphalt
from the residue of asphaltic oils, and even under the war conditions
the imports will undoubtedly continue.
The importation of one product of asphalt, however, has now been
cut off, and that is Ichthyol, a peculiar asphaltic material found in
Austria, which finds application after appropriate chemical treat
ment as a very important medicament. The raw material comes
from a fossiliferons deposit near Seefeld, in the Austrian Tyrol. It
is carefully selected and subjected to dry distillation. The distillate
thus obtained is then sulphonated and subsequently neutralized with
ammonia. The use of this material has greatly increased in the last
few years, and it has proved very beneficial. Since the beginning
of the war its price has doubled, going to over GO cents an ounce.
Already a firm in St. Louis has a material on the market which has
been favorably recommended as an efficient substitute closely resem
bling ichthyol itself.