SCIENCE AND
THE CHINA MAIL, MONDAY, JULY 14, 1958..
Weekly Report On American Economy
Pute
ENGINEERING Now, It's INFLATION In U.S.
ΑΝ
Electronic Instructor To Give Personal Tuition
N automatic keyboard instructor was shown for the first time at the, Physical Society's Exhibition in London recently. This is claimed to be a thinking electronic teacher and has the namé Saki, a practical off-shoot of Eucrates, the electronic brain employing cybernetic principles, first demonstrated at the 1966 Physcial Society's Exhibition.
Designed for the training of operators of card puneljes, Saki
is more than a training device. I BRITISH COLOUR '
Is a teacher which step by step takes to pupil along from the beylining to ful polded
performance with complète fill- ilme personal fulilon, ray the nunufretters.
WEAKNESSES
PRINTING MACHINE
A speed litho
N entirely now, high printing machine to boost output of The tate of tuition adjusts H-¦ high standard colour work not to the pup's ability jo has been introduced. Models execute. The have already been installed
absoth
Idiosyncracies, the
weaknesses,
strengths and eros are care-in printing houses in Holland fully noted by Saki and the and Italy. pupil's exercises tes tests
adapted becordingly.
Because Srk! plays a "ganic" with the pupil, the psychologieat reseli is extremely favourable, tite manufacturers add. The pupil does not get bored or have a tendency to being bored for the attention and concentration aris caught and kept.
Saki will,
average, cut the train pupil to become a full- spend touch operator in 18 hours listend of about 50 hours,
The mall card-punch, with under the plectricet nonuncis“ keya, is connected to box which has two ret of lights on Its face. One sel represents the twelve keys of the punch. The other group consisis rows of 24 small lights each,
FIRST STAGE
#
Four models of the machine been developed with have various maximum speeds and paper sizes. The object behind the design and development of the new range has been to pro- duce work of a high quality ni much increased
speed.
Over seven thousand, or even more, sheets can be run off in the hour. At the satne time Intung in- ovations have been introduced
to simplify the running of the presses and to speed up prepara- tory work essraturi before each new printflug job is started. For ense of maintenance and mi- ning, control panels have been insulted at convenient ope:a- tional positions of
around the machine, and simple handwheel djuntanonts have been provided fer printing pressure and" for msing or lowering the feed plate.
four
In the fat stage a card with ilgures is placed over the large group of instructing lights. The PYRAMID DESIGN pop is then asked by lights
the
de, caring behind numbers in The manufociarers' pyramid muccession to press the requalte design inking unit has been punch key. In the beginning, to further improved by the addition miting the pupit with. the of a link to bring the ink down punch keys,
Sakl
gives the both sides of the pyramid, they answer to lighting the correct say. This is to permit heavier light in the punch lights, But as rollds' to be obtaitted.
pupil quickly
An official or the gatis
Company leurledge of the keys the lights said that the machine was do not appear until after a few near to automatic colour printing seconds delay or if the wrong! 08 anyone has yet gol". He koy is pressed. This occurs R:gli emphasised especially the after- with single Highis then with sales service both at home and groups of lights and when initial overseas, particularly in U.S.A. profilency is cbtained they do and Canada, though full services not light at all.
were available in such countries
The Bogey-Man Was All
But Forgotten
During The Recession
New York, July 13.
HONGKONG WALL STREET NEARLY HITS
STOCK
EXCHANGE
Our Own Correspondont Business done on the long- kong Stock Exchange Uhlo
mately $200,000. Nocu quala tions and the morning's Trans- Beilens were:
Baler Duyers Sellers BANKS
With business recovery barely under way, the United States morning camounted to approxl-
́turned its attention again this past week to inflation, a
bogey-man all but forgotten during the recession.
800
0.13 0.20
300
Not only financial commenta- Commenting on this alivation, † swing in business seems in the | Hit Bank .. 793 tors but President Elsenhower'd U.B. News and World Report cards for the autumn." But his economie advisor
well aracrted: "Spending programmes department reported that ruial) INSURANCES reached the realisation that of the sort now betig launched sales dipped one-half of one per Union 7032 Government pump-priming, are all but impoarible to curent from May to June total of ING [nly a trickle until now, will back quickly: Big publle-works 18,185 million, 1.0 per cent less
rush fort during the next six projects, for example, take umeị thân last Junë, months, with the Government | to mart, time to stop. Defence during that period paying cut outlays aro to stay up. That 11.1 billion more than IL takesmena an annuat Treasury out.
car sates }go in the neighborhood of 80] June were the highest so far Hotel billiona, for years ahead. And this year, although 88 per cent HK Land no one experts Congress to roine befilrich the same montli of last fraily taxes in peacetime to balance year, Retail deliveries averaged | NUDBER the budget.
18,300 cars daily, slightly above Analg. the May average of 18:00, Last Trust | Juno was 1997', highest manib.
In
Interest
Broadens
In London
Big Deficits
for
ex-
dealers Auto that new
reported
Steady Incronze
The
wheelock Waterboat
DOCKS, ETC. K. Whart.. Dock ....... Provident LAND, ETC.
Humphreya
Baloi
20 a 1979 07071 20 W
NEW TOP
By ELMER WALZER
New York, July 13, Just one year ago today, the stock market made its highs for 1957 just a shade under the record highs set in 1956 and this past week the market rose to within touching distance of those tops.
"
The Dow Jones Industrial | Despite the higher averages average closed the past week at there wasn't much of a rise in n_new top since Sept. 3 at the number of jesug“, ‘raded, 482.05, up 2.08 points ob the Out of the 1,407 stocks to come [work and down 38.20 points or out, on the tape, 071 gained 500 a 13.03 7.33 per cent from the all-Ume while 350 declined and 20 held high touchet on April 6, 1950 unchanged. A total of 271 oct at $21.08.
|now highs while 16 made new
lows.
The folkond averagi
1220 1240
23:40 22.70
..
15.00 1.070
1.45 1.05 1.000 e 1.09
**
1.78
-1.00
1,75
27 20.00
800 28.9
BOD 20.10
a year ago.
Star Ferry. 112
18.10 10.30
28.10 2030
A. Tawah Bungsia UTILITIES Tram
Electric
20.40. 2016
" dofielts, thus, aro
lo remain for peated
0 tow years at least. The U.S.
Americon Sicel economy may be pushed up by
Warehouse Association Youmati.... pump-priming for months reported a "ght but sleatly" | C. Light... years after recession is ended increase in steel shipments dut- and business is on the rice"
Ing both May and June, with It was peorled from Washing-construction activity, Govern- London, July 13. Jon that Government econement contracts and low manu- | Macao E. ... 1.25 0.40
Telephone Interest in stock markets mists, fearful that the return of facturers' inventories responsible. prosperity would bring another The American Iron and Steel tended to broaden this buying aereo on the instalment Institute sald production this INDUSTRIALS past week and prices to cendit plan, were urging Pweek would amount to 1,450,000 Cement improve under the Insident Eisenbower ask Con- tons, or 54.1 per cent of capacity, fluence of the persistent credit controls.
standby consens compared to the holiday July Amor Can
Fourth week's 1,370,000 tons or STORES, ETC. rise In British
Dairy President was reported 51 per cent of eapnelty,
Watson munt securities which almost convinced" that he
£ Crew. were bought on hopes of should ask for such power Meanwhile, one of the smaller | COTTONS
control credit and mortgage buy- sicel a further bank raté eut.
conti pocity cancelled Textile
tists because The net
effect in last week's ng before the end of the pre-scheduled price abolition of the bank overdraft; congressional pession, but the big companies fated to go MISCELLANEOUS holding out again sigestions along. Some increase in steel Vibro 14.00 ceiling and the new rules for
that he should also ask for prices, however, was Billl CX- the etpital issues committee was controls on prices and wages, pected in August.-U.P.I.
In the rise from 83.77 to Neliher proposal was regarch- 04.41 in the Financial Tunes et with much favour in Con- govemment securities This Is the highest 21, 1957.
govern-
The
to
POL
Index.ess,
where the Senate had since May hust pussy! by voice an X- panded 1,101 million pub}}e FIRMNESS
works appropriation bil intend- ed to efimülato the hitherto The rise in funds throughout lagging economy. the week and the falling interest The bill was 63 million higher yields continued to be the main | then the version of the influence in the market firmness measure previously approved by "as most
other sections. There the House, thus lị had to go to now seems to be general con- In Senate-House committee. viction that a 41⁄2 per cent bank jirening on of differences bo- tatu will be teen in the very fore golht to this White House near future.
for the President's stature The Treasury bill rate is now The worly about Inflation. about the same Amount below was pod.ibly by all signs bank rate as it was immediately probably copiately Justified before the bank lowered by 1 per cent. Thus The Federal Reserve Bank
rate was last but possibly bit premature. the current rise in the funds is New York commentert "bat "while the worst of the business to come extent anticipatory.
Tils rise in fund has contri- decline may be over, the lith- buted to the broadening of in- ing and vigour of the recovery vestment demand in industrials. improvements that have
so far do not rule out The Financial Times industrial cred
on the week from the possibility that the ecotio. index rose 176.3 to 179.1.
my my drag along for several months," There was a ftultor in steels this week. The maiket price
The next stage is working on as South America, France, Italy the fures in the first of the Holland and Denmark. Gege Tour Hors until a certain stage Mann & Co.. 10 Buckingham of skill is blained. The same is) Gate, London. done with the next line and so
on. Then the lights dodge about from line to line. The speed at which the dietated by the speed of the,
gures appear
Self-Contained Ship
supil. They appear in faster Air Conditioners
succession undif the Brit of the
pupil's skill is reached. Then the
machine slows down and help NEW range of solf- the pupil along.
contained air condition-
Thus, say ie manufacturers,
the machine continues to instructing units, claimel to be the and cor.est where the pupil finds, most compact evor pro- dificulty unit the pupil Canduced for marine use, is operate all the keyn and group being introduced by Thermo-
keys with qui cate and
tank Ltd. of Glasgow.
opced.
Seven sets of cards have been placed over the instruction lights by this tiras and each card le removed according to Baki. The Sulastron Electronic Group Ltd., Thames Ditton, Surrey,
Plastic Substance
Glues Bones Together
and
capacity had le effect
prices,
SLUMP
of
plated
at a new high shica Oct. Tat 122.34 up 2.02 points on the
وم
Again
Not Impressive
160 1 week ond of 20.17 pointe 1,200 20.90 10.78 per bent from the level of Iressive.
Some Opposition
Wha Kaderthilp
got
Tho top sue in volume,
Servol, lost 1% points when negotisticas It had been having Utilities at 80.55, up 0.03 to take over Rydell Were Post
the week and a new pathed. Lorilini dihid The canoer
93 18.10 500 18.10 450 et 20.10 point on 400 6 28.20igh since Sept. 24, 1930. BU 28.0003 stock average set a new high king raty up
répacis
now cigarette point to take second place in the volume
201214ince Aug. 21, 1957 at 167.38. 2002
Industrial shams met Bothe group, 700 0 20.10
opposition on Tuesday and fell 530 23.20 1.85 points in their average 500 G 23.30 after a rior of 1.06 points on
23,30
On | Monday.
Wednesday 7,
They were recovering their toss, 17.00 the Ford Motor Co. unexpected- ly cut its dividend by one-third and threw the market with 49.13 loance all routid.
300
27
100 17.00 17.70 2,500 11.20 11.40
20.00
4.05
500
600 6 40.50
1,004
INVESTMENTS Yangtze Allied
1.90
0.03 4.00
40.23
General Motors come up In third place with a half point galt Then came J. 1. Case, Benelclary of Implowed Fatm neome. It gainety 1 points.
Bymingtoli-Wayfe,
Hall equipment, drew up in th place with a gatif of 236 points Its strength reflected
a
It rullled again as if nothing hopes the rail plojure will 2062 had happened on Thursday and improve enough to bring the on Friday it scored the best rodds back to the equipment gain for the
industrials since market. April 30,
COTTON PRICES
MOVE
UP IN AMERICA
New York, July 13.
Reithhold Chemicals preceded Bymington. It tell 14 point after a long setti advanceb:
Bright Spot
Ethcinly Wooks Secretary at Comitèrte, fanjaled the belicht spol in tho / businças plèlure when ho said he was mora optimistid on the future and prololta there might be a ring in the industrial production indest when it idɣreleased abõet»
is à test thine ebrporation
will be making skille käpude
They dre, notpected show wide ƒdeclifien" although
Cotton prices moved into higher ground this past week amid for dut
growing fears there may be no major favourable cottonseed quifler legislation this year.
SHARP REVERSES
FOR
MANPOWER
IN LANCASHIRE
tivar,
Although the farm blit ishni rolipetmay make a thuch scheduled for debate next week better mowing Thon in Wie Brst its fate appears doubtful and quarte, Senate adjournment is drawing During the week, thaný in- dugāles reported improvement,
{Muirhibure, thest including.
ófico nuch paper board. cents higher, equipmmit
made the or up to 20 cents to $2.15 a bale Predictions were compared with the previous lumber imbisty will about weck.
equi inat year') pade.
At Friday's closo ruled four to 43
RELUCTANT
Building continued high and most indubtes Fullied after
1t appeared at week's end the holiday clowns In the that Agriculture Becretary Ben-previous week. Coal operations con would have the reluctant | practically caftie to a halt for
of. a number of the onmal vacalitnU.P.I. southern Democrats to back the
support Manchester, July 13,
Developments of sicel shares is little affected by the prosperity of the sicel Recovery and recesión deve- companies and consequently the topments this past week included: announcement that the industry
Both employment end increased was working at only 50 per cent
unemploytachab on in June,
the Commerce and The Cotton Board reported last week Lancashire farm bill, but whether this Labour departments reported, a
mills have had "one of their sharpest man-support would be en igh to put, porndbx caused by inclusion of vacationing college students s¢¢k» The range, known as Series
power reverses." In fact the news of the slumy fag mmmet work members of ", comprises two water-cool in
steel production ed units
coincided the tabour force. Uneniployment - The Board's returns showed two air-cooled with a sharp rise in share prices reached a 17-year high of 5,437, that in May-the latest month which was caused by the latest 000, but the number of persons for which figures are available public
poll, which holding jobs climbed to 04,011.- |—more than 1,000 workers lost Government showed that the Conservative 600, an increase of 920,900 over their jobs every week.
would win an the preceding month, election if it were held today.
Cornmeret Secretary of Wednesday's rise in sicel
Sinclair Weeks told a shares was rapidly overtaken by news conference a "definite up- profit-taking on Thursday, on the last day of the week It was clear that interest in steel shares wos.persisting,
units, all of which have been proved under tropical working conditions. They have been de- signed for low-cost, full air con antioning selected spaces, and the capacity of a single unit is etaimed to be adequate to deal with the average ship's enbl
The Approximate overall
in
opinion
but
LABOUR FORCE
The report said the labout force that month fell by 4,250 to a lotal of 227,000.
This means that in the Wirce
Bank Of England months the mills have lost
Statement
Despite the possibility of a further dock strike and a strike,
the goal mines, industriut equity shares have remained firm, and the urgency or very
London, July 13. The Bank of England state- buying roce as the week ended, cue Targely to ΣΠ shortage of stock.
apparentment for the week ended July
, reads as follows
dimensions of the water-cooled Cincinnati, versions are 28 luches long, 14 THICK plastic substance | inches high and 11 inches
which
broken deep air-cooled units have glucs
ing the same fasela Fiza but bones together within being seven inches deeper. minutos and which
may
The casing is acoustically, os the end of casts, moon
well as thermally, insulated crutchos, and hospital bede
eisure qulel operation, and for certain types of fractura Atted with attachment bars to patients is being developed facilitate surface rarunting on here by William S. Merrill wall or bulkhead.
Co., a local pharmaceutical TOTAL COST
firm,
SYNTHETIC
Mandarino
to
The firmness of German and
princse bonds have been the Notes in ovulation ...
Pubile deposite foreign Private deposita main feature of the bond market this past week. Government securities
Other securities Trans-Atlantic stocks made
Ketelpis
hesitant improvement during the week, following the upturn
for
Sterling 2,060,3303035
13,000.24 239,760,900
rearly 12,000 workers," the re port said. The strengths of the Industry is now nearly 100,000 fewer than it was in 1951 at the post-war peak.
The Board disclosed that the average weekly output of single yarn in May was 18,030,600 pounds.
Gives Up Part Of Concession
Oil Areas
►
it over remained unknown
Lagging tendencies of nearby deliveries in relation to tan whole market reflected
the gradual pressure si July liquidation anticipating expiration of that contract at 12.30 pm. next Tuesday.
the
Throughout the week reports of showers in the cotton belt
and fear of insect damage acted as a drag on prices. Boll weevil Infestation intensified in the southern Gulf const states and bollworms were causing damage despite applications of Insecticide' between showers,
U.S. Textile Activity Improves
New York, July 15, Activity in the cotton tax- tiles improved, moderately in the week with mills reopening after välátión shutdowns the previous wook and in sofia bos for longer periods.
Was
Bagdad, July 13. The Iraq Petroleum Com.
ACREAGE REPORT
In print cloths dernistid pany and associated com- The acreage report, published substantial for last quarter de
nt: mid-week, was slightly vertes, with panies have agreed in
Heavy bidding unkter the
current principle, to surrender to
in cultivation market. While some business the Iraq Government on July 1ss at 12,402,000 acres, was accepted, most sellers were
14,008,000 parts of their concession against
year reported holding fim.
bank
UNEXPECTED
gher than expected. USDA slightly estimated cotton
4
areas in Iraq. it was participation in the
earlier. The Board said heavy
soil
Brinounced here tonight. accounted for most of the ro- Work clothing fabrie
Meanwhile, the International Federation of Colton and Allied
A communique released here 42,406,730 Textile Industries sold in its
of sold G. H. Hetridge, London sales --U. F. I review last week
Managing Director who headed United Kingdom
werd YARL
sis. "extremely
andz poor
halo
Bank Of France Statement
Paris, July 13,
14.0
duviions in cotton abréige.
sales
were
Trades speculated that if increased, Dinin yields are equivalent to the las: Improved at unchanged prices.
the all company group during icw years a 0,549,040 bales-crop Sellers unexpectedly cut prices carded twlila; kid shirt on that acreago luat year,
radubed manufacturers at the appolating" in the first quarter Week-long lalks in Bagdad, gave would be harvested this year on
his agreement in principle be of the year,
In other collon' developments, levels. Opal, contracts, were fore he departed for. London to-
the Agriculture Department re- | being adjusted in soma exits, day. ORDERS REDUCED
parted "free world" cotton pro- Sheëtiha, drills, hatnere, stid Mr. Horridge will present to duction and exports In the Industrial goods were steady schson decited With niodefate fritarest, mathe the Board of Directors in Zon 1957-58
on the results of his Bagdad 1,800,000 bales or six per cent busilas was reported in inte
In rayon: telks, the communique issued by from last season.UPI
moderate Dualism was reported. "Denard Belgeler Muhein Mohammed
for dacron-collati - and tatilde
The synthetic bone graft was The units are designed to discovered by two Philadelphia, operate on an a,c, power sup- Pennsylvania, surgeons, Drs ply, but even on a d.c. supply, on Wall Street and the premium Michael P.
and where д Tolary converter is gained 3 per cent to 21⁄4 per
necessary. the total cost Joseph Salvatore.
is cont claimed to be still low compared
DULL: WEEK with other types of self-con-
Olis had a dull week with a **Their · Andings Indicate that i falned units. The water-cooled
at mid-week, from new bone petually grows units are destined to
operate attack
which most falled to completely
working It sald output per synthetic with seawater teinperatures up through the porous, graft, and eventually illa in the to 90 degrees F, and the air-cuperate and most were down
day, war two per cent less than break with now growth. It is cooled versions with a maximura a chilling or two, except
The Bank of France statement is fiat duarter of 1987 "and believed now bone replaces the ambient temperature of 120 Anglo-Expilan, which was firm for the week ended July 10, orders on hand were severely
on reported. Improved changes reads as followe: grafi within six months and degrees. F.
téduced." solid bone bridge is built.
The 42,000-ton tanker British | pt. Anglo-Egyptien talks. The
material,
The review said the decline information and Public Guid Exchange Rates varalised called Duchess is filled with air condi- Despite the better demand for | Tofəl gold, holdings... 2018033066 was generally for all types but suce Office, sald, "ostarher." has been used, on tioning and mechanical ventilat gills and top industrials, the roll the currencies 15107,947,050 was particularly marked" in
Qules bonditions, wäre, compileated fractures which reing systems designed and in- kaffir market has run counter
nt American-type The Irad Government whit ID TUBER. 23,371,000,000 the car
Business Mag done in the ten prüfted (ikkată "Abre Fabrian, quito surgery to fix bone ends atalled by this company. The to tradition And improvedi all 40 anos lio čtabilisa-
yarus.
offer the areas to new conces= | unoffici
„mácky) Khiả | Bubeliti of héms were Folated together. The surgeons sold the vessel is one of 27 ordered by week. Finance such a good or Bir dujours le priced copecially Egypijan-ments recently concluded being ot
Don Fund
Stocks held by spinners in-stocofics on the basis of agree-forming at her folowing, Trianus as thớty with four oneiE, BULTS compound
helped hold the B.P. Tanker Co., Ltd., and young producers with comporo- Bannows in sirevan
for the same. Hase there was ta broken bone fragments together all of them aro to be equipped Lively high yieicis, and w tion CARTOONS $274,831,916,000 | type yarns, but slock, or spun tween oll abmpanies
{fe demand from rope motifad while healing noo growth of with Thermotank air contort prospects were the ones claim Current socurants and
7453.86),121,145 man-made bin yain- declined neighboitelist counties like Teas Indogan sista per 308) "25 new bone took place. UPI. ing.
Ang attention,-UPI.
Jslightly-UPL
and Saudi Arabla.-U.FI.
"SHOW
Bight bujshow abroad
All, Director-General of the Iraq
Binaspora: "Litruita)
$3)
1.
B.TH
$76 | stendy-URI.