Analyses have been obtained for the oxidation products listed in the first quarterly report (Report No.1). The ash contents of the humid acids obtained at 200 and 250 degrees were 23.9% and 26.0% respectively. This is many times as much mineral matter as is obtained from coals under similar conditions and shows a high degree of combination, or at least association, of mineral matter with the organic matter of the Chattanooga shale. The relatively high Beta-gamma counts stated in the first report for these humid acids are no doubt due to radioactive elements associated with this mineral matter which seems to be attached to the organic matter. It is planned to investigate the mode of attachment later.