SCIENCE AND ENGINEERING
DEVON CHARGER UNIT
HRV
NEW STARTER UNIT
FOR AIRCRAFT
UNIVERSAL units consisting of an engine
THE CHINA-MAIL, MONDAY, SEPTEMBER 16, – 1957.
TRADE
COMMERCE SECTION
AMERICAN BOOM FINISHED?
Economists View That Spark For Upsurge Missing
By JOHN MORKA
New York, Sept. 15.
STRONG COMEBACK
HONGKONG STRONG
STOCK EXCHANGE
Our Own Correspondent Business done on the Hong-
LED BY METALS ON WALL STREET
BY ELMER WALZER
New York, Sept. 15. this A strong comeback led by metal stocks enabled the stock market to finish higher on balance last week.
mately $267,000. Noon quota-
ections:
An industry revolt against the Government's kong Stock Exchange
plan for a "voluntary" reduction in morning amounted to approxi- crude oil imports, and increasing indications and the morning's trans- tions that the American business boom Shares Buyers Baltens has ended for perhaps a year featured BANKS last week in US trade.
Il Bank... INSURANCES Union stemed Laward...
850
#) 400
20
Secking to hold all imports to, and industry sources an average of 1,031,000 barrels agreed that the levelling off dally from July 1 of this year to would not assume the pro- BPPING the same date noxt year portions of a serious recession. cutback of about 216,000 barrels
Bock
Aşla Nav. $1.3715 Wheelocks.
1000 1.07A
7.80
7.05
350 of 7.05
123
03
12 13.10
1.20
18 30 1000 @ 14,20 34 351A 10.10 1801 1.476 1.30
JI
a day President Elsenhower i There were fears, howevor, DOCKS, ETC.
the increasing some two weeks ago gave the that
profit K. Wharf.. industry the alternativaqt squeeze on manufacturers would vident voluntary compliance or Govern- bring greater resistance to ment controls,
organised labour's efforts to gain another round of wage increases, and perhaps a new wave of alikes,
Assailed
irt) LAND, ETC. m Hotel UK Land .. Really "Loss than a year ago," the RUBBER
•
COTTON
GOODS
MARKET
New York, Sept. 15. New business in the Worth Street cotton grey goods trade continued at a low ebb last week.
The wido
gap buyers and sellers, now in its fourth month of duration, gave 12.99 20.00
le rim of widening in. 15- 300 1 28.00
2870 Immediate future, 240 28.10
23.20 23.40 200 @ 23.30
103
18.40
rta) 1.80
Electric
28.40 20.00
Last week in Washington, six The servicing of civil aircraft has now become a major of the 23 oll importers involved moved up their big guns in อ industry in airports all over the world, and one of its concerned attack on the Govern chief problems is the supply of ground electric power.ment proposal, aimed more et Wall Street Journal commented, ansig *** 1.623% 2.00 4200 @ 1.820
alleged inequities in the pre-ho talk in most lines of in- UTILITIES Previously, this has been donesidential plan than at the over-dustry was still of shortages, Tram by means of mobile genèrating all objective itself.
but now it is diMcult tz-find a Yaumati coupled to
shortage except perhaps of Light (0) 18.) 18.00 1000 direct current a
Aslan flu vaccine. generator.
But in this method, although the engine itself has to be of large house-power to provide heavy discharge current when required for starting purposes, 00 per cant of the unit's time is spent in supplying current at a very low amperage. This differ- low continuous supply and high peak starting by current has been increased the Introduction of turbo and jel
TYPE TELESCOPE
ence
between
easy to
"Credit for borrowers is not Top executives of Standard Oll of Indiana, Standard Oil of always
And. but the Macao E.
Telephone Ohio and the Tidewater Of market in just about all tangible Company assalled the Govern- commodities either favours the ment's use for a quota base of buyer or gives liim equal power INDUSTRIALS
with the seller. the 1054-50 actuat Imports.
And with the Cement Three other companies were to supply conditions for most goods Rope be heard next week in hearings Gasy, it is difficult to imagine being conducted try the Interior dustripi eppacity or new credit an
demand for either new In-STORES, ETC. Department.
from
Sharp declines on
Monday and Tuesday wiped mote than $3,500,000,000 cordley-depicted stock values. However, good Fallige Wednesday and Thursday re- stored $4,100,000,000 to valua- tions,
on
Tho market closed fractionally higher on Friday.
PICKED UP.
Inst
Trading picked up sharply last week, with sales averag- ing 1,810.240 shares on a dally average basis, against 1,300,780, shares the weeks before.
The declines carlfer week
reflected netyounesa DVET the cloudly economic Warning about the sepirating dange
of inflation and the Syrian crisis,
Assurances from
Secretary States Dules that the Syrian situation will be settica peace- fully
the helped to buoy market on Wednesday, Alsa
market was| brokers said, the ripe, for a technical recovery following the recent dreline.
Producers, expressing a con- 260 2750 2000 27.70 viction that buyers "are over-
27.10
20.30
1455
2000
1900 20 1009. (2 29.40
on
doing this business of caution," stubbornly held .to currant price liste, and indicated on intention to tighten up production even mora Ather Dairy
than concedo anything extra 33.00 15.70 12.40 12.00 136 0 32.40 on prices. rising any further. We may have Kwong B. H. 112 The crux of their complaints scen a peak in both.
COTTONA was that the base was discrimine i
"However, in none of this is atory against new importers cad
Textile
704 15.00
5172
... 4.4294.471 2000 ₪ 4.4715
2000 à 4.43. 775 0 4.425
A British firm has built a new telescope with a main tube of com pletely novel design for the Saint Michael aircraft. Observatory in the
SMALLER CAPACITY Basses Alpes, France,
established Importers who have there any ale of sharp recession Nanyang A universal
What was wanted was ob recently increased their refining or depression.....the end of INVESTMENTS type viously a unit of much smaller capacitles. Since domestic crude thortages, has not come, general an instrument, it is ar capacity which would store its costs more than imported crude, ly speaking, through lack of de- Alled
Cherty during servicing ranged for prime,
and they argued that they were being mand but through a growth in pre-fight use and release it
placed at a financial disadvan- capacity that overlook demand." Newtonian, Cas- when needed for starting
the inge.
United Press. nircraft engine. A new type of segrain,
Coude
on those lines, unit,
using Tidewater, which would be focus.
storage
ver alloted 34,200 barrels daily batteries of
Q very The parabolic reflector is of developed
special kind, was
the Government plan, The accordingly under by the conventional type with
the Unlled said it had planned to stop up 76-Inches aperture glass mirror.
Kingdom firm, Red Devon, imports to 84,800 barrels per Electronle equipment provides a Ltd, of Seymour Wharf, Totnes, day, during the last hell of 1857,
or
จ
drive at selected speeds constant Devon, Te
A company spokesman charged the Government plan amounted
with conjunction European Airways,
to within one part in 10,000 B1 has been in use by to "confiscation" of its now 200
which is imparted to the tele scope through a worm wheel.
AIR-CONDITIONING
The air-conditioning is an im- partant feature of the telescope,
path is at a uniform
the
0.09
* 2016
4.00
SUSPEND OUTPUT
of
FIRST INCREASE
FINNISH
MARK DEVALUED
·Helsinki, Sept. 18,
The Finnish Covernment today devalued the Fin nish mark by about 40 per cent..
The new mark rata will be 340 to the dollar a against the former rate of 380 marks to the dollar,
"The Hevaluation Was oficially announced over ie Heiliki raulo tought by Rainer Von Ficandi, Director of the Bank of Finland, who said the new Parity of 880 marke ja (he- Aler B estabillagad with the screement of the International Меленцу Fund
The devaluation correspond to
8 per cent drop in the free mark quotations abroad. Special mark rules for trade and tourists have boon abolish- ed no that sit foreign qur. Tensy will now have le be bought at the new official ral-France-Press,
PESETA
NOT DEVALUED
La Coruna, Sept. 15. The Spanish Cabinet decided at a meeting with Geneta- lissimo Francisco Franco today not to devalue the peseta,
The first increase in copper
Prices in Spain have been prices in a long while triggered rising since this spring and the demand for non-ferrous metals. value of the peacta on the free Increases in production and market has been slipping.
orders helped the incoming
The peseta is pegged at 54 Northern and southern millstols, organisations, particularly
Tangler,
plants weaving print clotht yarn. The alteratte met some sup-to dollar in neigbouring Dort following assurenta that fabrics discussed the advis.
Information Minister. Gabriel economy cuts by Congress will ability
qutput of suspending
have no
effort on Ario Salado end the Govern- mejor for a week. This would follow
defenco initiated
pending this year or ment "realfing the determina-
by
shealings, orisnaburgs, twills and drills.
The
Bank Of France the recent sut-backs
Weavers
of
Bank Of England
Statement
Statement
Fvano
next. Chemicals responded to
to con not to alter the value of
the outlock for higher earninge, the national currency and will
Onished sustain it with, the oFROTTURE.
The
inglustrials
because
NAMESAKES
Some print mille still possess higher on the week. However, measures."United Press,
fairly good
backlog of the railroads wore lower on Paris, Sept. 15.
statements Funfilled orders, but other plants balance, refleating The Bank of France state-reported a dog build-up of that the
railroads may ment for the week ended Sept. stopka.
quit the pasšongez The latter group felt forced to 5, reads as follows
another week's vacation #would business
of hugo London, Sept. 15.
· Answers)—1 "Colts," 8 Race" be considerable help to The deficits, estimated, in excess of Horses, 3 Derby, Oaks, -5- million reinery designed es- | The Bank of England state-
000 two- pecially to
millon a yoar op passenger Logor, 6 Favourites, 7 Track, 8 foreign mat procesa
for
(Total · gold haldinge the WELK unded
201,301,302,420 market." crude, which has a low gravity, September 11, reads as follows:
Total other cu
operations. Utilities closed the Chantilly, Grandstand. Tesicles
12,802,637,050 However ourtallment talk high sulphur content,
week about unchanged.—United | Doncaster.
·Sight_halangé abroad Sterling In EPU
11,171,000,000 had little apparent effect on
Press.
The Aga Khan. биусть. Twow (04120 Adyange to Sjabillas-
Most purchases con 15,086,201 flog Fund......
tinued in Hmited amounts for 200,174,892 Total bills discounted 1,942813,989,110
The 207,130,506 Banknotes sa circula-
epot and nearby delivery. 92,146,145 | flos
3.306,305,325,225 | pluggishly slow demand reflect- ed o desire to wait-and-st 839.114.197,324 }
for the latter
Past years. The batteries are charged from a small
engine -driven direct current generator which also supplies clectric current of
Nates in circulation .... Standard of Ohio ceked that publie deposite ensuring that the air in tempere- 450/600 amperes for servicing. its assigned quota of 8,200 Private deposterities lure, thus preventing distortions This unit has the advantage of barreis daily bo increased to Government securities
Other securities ...... and consequent errors in photo- being
Small,
and 13,500, but added the company Receipta mobile graphie and spectrographie economical in fuel, maintenance would go along with the plan natio astronomy, There are two skirs and spares. It can be operated for the romainder of the year.
by unskilled Workers and
to the mon télescopo tube, the Inner comprising one woven nylon panels and the outer sheet duratumln.
•
When the telescope is in use, air is extracted from between
is ideal for both large small airẞcids.
abd
Arbitrary
Standard of Indiana. termed the Government's quola system
the twerking by 15 propeller DRY POWDER arbitrary and proposed in-
fans by Woods of Colchester. Essex, England. At the
ssme
time, atmospherle air is drawn from outside the observatory dome to the interior of the tube creating a continuous flow of cir
Eight 15-inches diameter and
FIRE EXTINGUISHER
four 12-inches diameter fans, Nu-Swift, Ltd, of Eljand,
dll
diaphragm-mounted
ore
fitted in the outer casing and three nine-inches ring" guerd units are fitted in the base. To- gether these fars are rated lo movo approximately 14,440 cubic feet ir per minute.
SHELLS PROTECT METERS
stead that each "company be permitted to illi 9.8 per cent pr its crude needs through imporis. It also asked that lië' quola be increased from 29,000 to 53,500 barrels daily and that asphaltic crude exports be exempted from controls.
With
the general business picture featuring tight money then demand. supplies higher employment layoffs and signs of growing consumer resistance to high prices, only a fow omista continued
10,820,620 Current accounts and 4.1
deposita Unlied Prem
Cotton
zero
United Pro) 13. how fourth quarter business.
prospects unfold.
Futures Pass Very
Slow Week In NY
Yorkshire, have produced
By WILLIAM T. PLUNKETT a now dry powder fire ex- tinguishor for dooling
New York, Sept. 15, with inflammable liquids of all types, especially
tomat Cotton futuros anded one of the slowest fires involving hot oils ar business and market upturna in
trading periods of the year last week with minor price changes.
asphalt when the body of what remains of 1087. the fuel is heated to-250 dogrees Fahrenheit or mare, pa no bail over caused by the use of the dry powder.
2
The dry powder is held with the dry carbon dioxide in scaled pressure charge so that it cannot be affected by atmo- spheric humidity,
PRESSURE GUAGE
Most prognosticators owing to the viewpoint that business will continuo slow for at least the At next six months, that the sperk for a continued boom la missing.
US News and World Report, which has a good record for
accurately predicting the shape of things to come, sets the start
REAL TEST
Executives expecting a "real test" of what is in store for the market, thought it might come within the next two to three weeks. At that time, a big buyer influs 1 axpected in the New York market. These dis dributors will make purchasca of apparel Dnd household
covering will determine the position of the textile market
the nost low months market analysts believed.
for
10
London Stocks Have Uneasy Week
London, Sept. 16.
textiles, and exent of their London stock markets last week have been uneasy, overshadowed by Middle East uncertainties and the unsatisfactory trend on Wall Street. The quick and sharp reaction; 3/9 down pnd Vickers 1/9 down to Wall Street, underlined the at 37/0.
In the Overseas bond section serious roccasion consequeners everywhere which even a minor the most important galpa havo bonds which Such a recession were sparked off by
reports to a from Germany that she is going The standard constructions In
further rise in the American | to e" for the market and buy broken twills lend themselves trado surplus and a further back up to £30,000,000 worth Friday's close, the list ruled four points perfectly for the artidetal weakening in commodity prices of bonds possibly both assentaci higher to 16 points lower or up 20 cents to off leather
1038 with
A resulting deflationary and non-assented, myděje, triders felt-United sffeet on the rest of the world. 80 cents a bale compared with the preceding Press.
There have been sharp fulla Week,
In dollar securities in London Just week and the official dollar premium has been put a frac- tion lower at 194 per cent.
MODEST RALLY
Bellera of heavyweight topics indicated optimkam în twilla and acerings o conter United States business recession been in German
to and automobile manufacturers could have.
would inevitably lead
Routing buying credited, to Buyer caution also reflected
textile patile and
other trade the slow rate of impounding
Poople who have suspected their electricity moters of
of the next boom for autuma of interests balanced off a reduced under only 20,508 Entes com→→ running too fast can tako
1080, regsoning thai tax reduc- some consolation in the that a usor can see whether the credit ind an eleqtion your will ¡ quiɖatjon
A pressure gauge is fitted so tions, higher wages, more liberal volume of hedge selling and parod with 200,127 bales un
pounded to the same time last fact that they may be extinguisher charged and | bring depand" for more houses, right,
ready for action. A strike knob moro corn and more household and "nozzle are contained in the equipment and
cause operating hend which is of
ciramium-plafod some meters to run de much as heavy
hot
It appears that lightning bolts
heat wavos can
15 per cent fast.
brass pressing. A strong rubber
E. L. Keller, Supervisor of carrying handle shaped like, a Meters for Duquesno Light Co., pistol grip, makes it possible to Pittsburgh, hos
thelm of the heart fome to
an inexpensive drawn
occurrenço,
inches deep.
Percentages
The Magazine's Apapeial, op-
compared with the end of 1050,
‚ of n⠀ blago, ¦ parts catlimato that oa of nOW,
terest was
New speculative market in-year.
held in abeyance Government's following the
large unexpectedly
crop estimate, published on Sent. U
LATENESS
and
RETARDED RATE
of needs
the
New York Raw Cotton Exports
THE GAINS
Amongst tho non-assented Germans Hayes joan gained 0% points on the week closing at 127. The 46 par coat Young Loan ended points up Potash, two points 'up and", the There was a modest rally in 10% per cents, rose 41% poipita, jo glit-edged 'securities which 200. Assunted Dawes rose 7. New York, Sept. 15. Row potion exports by gestina government securities up from Young Assented, four points, But Low Inver Potash 2 and 6% per centa tion as reported in balus by the 80.07 to 81.28, The retarded rate of entries New York Cotton Exchange for tors are likely to put their trust five points. ales reflected the fpet that spot the 1967-50 stason through in this rally and trading has There was also support for been a very sing Dallons Japanejo konda dus" the rises prices were still well above the Sept. 10 were as follows:
gained point to 45%, 25% were not much, more than a loan level in most markets.
80 cha poc cent. Consolà 14. polis to paint or two. Brita
10047 47% and 311⁄2: per cent War | Copodes" and "· olla "turned Evening-up operations in the Copment
Aimer towards the end of the, dan 1⁄2 to 5%, 4040 | Interest in the mala, zun of wisk-the frston - Amiight.
Pig towebb, with llifle to encourago the second on Wall Hrest, sentiment. This brought of the rising premium in: the paw kita Financial Times index down 6.4 Petroleum stock wertelnost: the
Jonding, shares tended to drift, market. with, this othage lendora including: imperial Chainloste ||lis, poor demand. Tegal which sova. way;efias opening
R
PAS
rescue of his fellow eltizens with even in the dark.
Latenom of the STOP, When the knob is strugk, a industry, pulput it down' 1,4 per indications. Dist mpat alumiin.
of the apes October delivery furnished Cupra Jurd shell which preventa this fan-shaped cloud of fire-kiting cent, Lectory emp pstment down early guarsings, have been seine another trading feature. First same periga 1843
powder la expejled, through the 15, 2ực, cont, building activity
Open-con- The small shell tilps casily nozzle with a range in six dir, down 13 cant, bome build directly into millintocke-notice day for the spot imahe erin 1843. under or over the glass of a of ten feet 168 degrees Ing down. pr cunt, car load counted for the limited volume will be Sept. 14. home-installed moter to pro- Fahrenheit. The cloud is four down disegant and now of hedge, offering, market propia in October at the washr and approxangled 180,000' tales. test, damping megnela from feet wide and two feet six order arvonvon, by, cactories verts believed.
The cotton stock available for Exchange Rates and... Many of the most important ventily off sudden tarpe・ AITPETDES QUES As the extinguisher is a totel hand, the cost of Living is up torentz wass chilled i face of 3,544 being
down 9 rent. On the other Convairely new busing contract delivery amounted to rents that surge from a nearby shield the current is forced has been pierced the 1pW<PRI~ } 1.7: per cont and retail trade UP the textile merkotland skpeštas) Bar (2:10 REVPPOFIKASIE lightning firing. Wits, the new seem to the seal 24 per cent, wholesale prices up the continuing now. BUNIN Raw cotton exports through
not be stopped, Welent, Lody DA per sunkokona then sets up opposing content, four pounds were 5. Depile mine differences on a choch wie ht of solated Pho neutralising carbon dioxide, - 1:27. ounces; the exact details of the business the crop, has been followed by wIILI 281,005
height; 10% inatias.
"ebonomisis" the octions, trade
through Wip aluminium which charged to pounds powder
magnetic fiela,
the surge effect:
wek: 4/101 dowo
19079 Role-1