Page
THE CHINA MAIL, MONDAY, SEPTEMBER 8, 1958.
Page: 9
SCIENCE AND CAUTIOUS OPTIMISM IN US
ENGINEERING
Printing Press For Big Production Of Paper-Covered Books
A
NEW printing press which will produce about 14,000 paper-covered books, each of 192 pages, per hour, has been manufactured by a Bristol firm for use by the Western Printing and Lithographing Company, of Poughkeepsie, New York, who are known for their large-scale production of children's books,
Pest Infestation
Of Foodstuff
new
press,
This
printing which is 60 ft long, 15 ft high, weighs over 100 tons,
With the Increasing demand for piper covered pockel books, the firm concentrated on a de- sign and development of print- ing presses to produce large of them L high NE of the major problems quantities
ONE of the problems.
In America the total sales of
600 per year, and it is claimed that some 90 per cent of these are produced on presses design- ed and manufactured by Bristol N.
imported foodstuffs in of TOTAL SALES source--in 'the overseas pro- ducing territorios. In order pocket-books is about 300,000,- to control insect pests mora effectively, the Past Infesta- tion Laboratory D.S.I.R., should extend its research to Cover infestation of food storage and handling on board ships and in overseas territories.
This
The first plating press of this kind was built in Bristol in 1951 for the Ronalds Company, of Montreal, where it has been in continuous service, producing books for the Canadian market. The firm's talest press, which being shipped to the Western Printing
and Lithographing Company in America, is claimed to be the largest and most pro- ductive press uf its kind ever hull. It has been on test
Tids is recommended by the Post-Infestation-Research Board, which advises the Counci for Scientific and Industrial Res search on the laboratory's re- search programme in their an- nual report published recently. The recommendation is Included
in their proposals for the five-Bristol and the Bem are well
year period beginning next year: This will not be a completely For some years new venture. the laboratory has maintained clore contact. through its Col- ontal Linison Officer, with food storage problems in many Bri
th overseas
territories,
fact, some of the laboratory's senior scientists have been in vited by their Governments investigate and advise
upa sycle problems
Another serious problem is the developmen: of resistance The by insects to insecticides Beard considers that this should be given a high priority. The World Health Organisation has offered rubstantial Inancial sup- port to the Laboratory in aid of blechemical research on project.
PLASTISOLS FOR INDUSTRIAL USE
this
RANGE of p.v.c. pastes A known as Plastisols has
been developed for a wide variety of industrial applica- tions by a British rubbor
company.
Plastisols are basically disper- slons of fine p.v.c. powder in a liquid plasticiser, which under the Influence of heat gel and solidify to a rubber solld without appreciable loss of volume. They
houted metal
į
|
The
pirsk
Further Improvements
Noted In
In Economy Despite War Rumblings
New York, Sept. 7,
The American economy, which took August's Middle East crisis in its stride, continuos to bounce back from recession lows despite war rumblings from the Far East.
An air of cautious but confident optimism was evident in business circles this last week as manufacturers and retailers studied recovery statistics and predicted that they will grow stronger with increased autumn buying,
HONGKONG
STOCK EXCHANGE
Our Own Correspondent
Busines done on the long-
kong Sluck Exchange thin morning amounted to ap- proximately $807,000. Noon quotations and the morning's
transactions were!
Shares Buyers Bellery
BANKS
UK Bank
.
East Audit.. INSURANCES Unlatt
SHIPPING
Hales
7447 750 10745
24
برتر
721 743
Wheelocks
5.00 10.000 a 5,80 6,000 3.83
મ
DOCKS, ETT.
Dick
42
Provka 11.2
3,000
1,000 42
21.40
LAND, IT
TIX Tute 20.30 21.00
500
satisfied with its performance.
It will handle paper up 16 72 Inches wide, and can print in two colours on each side of the paper.
consists of four basle printing units, which en- body the Strachan and Henshaw inking system, an automatic changeover stand for the paper reeks which enables the press to be kept running at full speed when a new reef takes the place of the old reel, and, finally. rotary folder which converts the printed web foto folded sceitons. DIFFERENCE
500
20.30
One of the brightest pictures Federal workers during the
was month were not included in the
Economists predict that the recovery rate during the fourth quarter will be sharper than ака anticipated a few months
clev unless slowed by adverse Con-velopments in Detroit.
in the domestic economy panied by builders. They re-compulations. ported that construction reached a record monthly level of $4.8 billion last month, an increase of $160 million over the July level and $136 millon above the figure for August, 1957. struction totallet $31.5 billion
A major strike in the auto
for the first eight months of the Industry, or lukowurm publc
New York Stock Market Review
INDUSTRIALS TOUCH A NEW HIGH
New York, Sept. 7.
The industrial stock average rose to a new high for more than a year on Wednesday, the anniversary of the peak of the bull market of the 1920's.
London Markets Firm & Active Last Week
London, Sept. 7.
year, compared with $31.2eception of the 1939 models. Stock markets were firm and active this past week
million a year ago.
could prove a setback.
Auto by
Private using, sided easier mortgage money, account ed for almost half of the in-
crease.
Other Signs
$3.0
after the previous week's shake-up. Bear speculators overdid their selling and had to hurry back to put things right well ahead of the end of the old account on Tuesday.
manufacturers hove' been plagued by small cale strikes for more than three months without a contract, and the situation appears headed for showdown. A shutdown in the automotive industry would be felt soon by other key indus- tries such as steel, rubber and class.
In increase. Auto manufacturers hove vested millions of dollars in the 1959 models which are scheduled this to stort appearing later
Other recovery signs:
Steel production reached
cent of per
rated capacity, highest since last June, and the industry confidently predicted that the rate will climbs to 70 per cent or more as in-month. ventories are rebuilt.
con-
The Industrial production index, as computed by the Federal Reserve Board, rose two full points during July to 133, and will probably go up another point when August returns are 2020 Computed.
This would stitute an increase of nearly six per cent it!
four months the Einco April's tow of 120. The recovery rate, the fastest in the Dust-war period, could be halted 1.40
or slowed by mafor strikes in the automobile industry, but 1:55 2.60 2,000 -1.55
economists take 3,900 1.55
uu optimistic 671.575 view. 1.03
این اطلاعات
11.40
1.30
MK Land..
Itumplireys Renils RUBBER Annist
Trust
£1
A Tawah.. Singala... 1.10 UTILITES
An important difference be tween the new press and other large web-fed machines, such ce newspaper on magazine presses, Is that it uses pricing plates made of it. flexible plastic material, compared with heavy melal stercos for ather machines.
These thin, flexible plates, one for each page, are stuck in their position on special correct
10 sheets, large enough
wrap
and a printing cylinder. This process is known as presing the pre-imposi-
large press running for the maximum possible time, by en- suring that when a change si printing takes place, a complete sheet of plates is ready to slip into the press,
Ninety-six of these 411- |dividual plates are fitted to each of two rollers and, in this way the whole 102-page book can be produced in one evolution.
mist
are suitable for the easting of The press is filled with pil
hollow toys in
moukis and the conting, by several means of
hot
spray lubrication, and
other
improvements dipping specially Incorporated for the technique, of melal articles such American customer. (Strachan
A
as draining baskets, wire trays and Henshaw Limited, White-
and racks.
An Important applleation is LYE the manufacture of cars, where the Plastisol is
hell, Bristol, 5, England.)
pointed Ball Solves Problem
between the open edges of spot welded metal seams, setting and acaling the seam when the car goes through the baking oven. Other uses include the backing of textiles and tufted carpete and the manufacture of coated
papers.
Concrete Paving With Rubber Treads
HOR same, yours a British FOR
RADIOACTIVE rubber bull
500
20.40
2,500 20.50
1000 20.40
31 004 30.75
100 30.73
Tram 24.90 25.2030023.10
કાકી માં
Star Ferry. Fourati
114
23
C. Light... 17.40 17፥
100 103 200 17% 1,000 17.40
2,000 12
Electric X.AN 2014
25 1,000
241
500
24.10
Telephone
351⁄2 24.30 070 23.40
10025
INDUSTRIALS Cement... 21.10 21.00 3,000 213
101 212
con-
Inventory liquidation annual rate of $8 bilion in tinued, although slowing to
compared
quarter
the second to $8.8 billion in the first. But manufacturers reported strong gains in sales, new orders and Lucklogs or orders.
STORES, ETC. Daly. 17.20 17.40
500 17.10
380 17.20
000 170 2,200
reported
10 GO
Watson
L. Craw... 13.10 COTTONS Textile
3,00
INVESTMENTS Yangtze XD 3.15 3.30 Altbed.
1,000
4,000 3.70
p
3.70
They are predicting sules of between five and six million units. If they are right, the economy is due for a boost. The 1958 models, which head on into A recession and public indifference, sold
only about 4.4 inlllion units.
Backlogs
ran
Also the gold and dollar re- | serves for the month of August rose $3,000,000 to $3,089,000,000 the 11th successively monthly
of
And the incidents at Quemoy while causing some investors to resitate towards the end
week-limed their chief the effect on sterling which dropped below purity for the free time since November 2, 1957.
This average slipped back from a high but notted 4.14 points to close The wock at 512.77. Rollroad shores folied to set a new high and close with
a small losa on the week.
Utility stocks ran up 130 and The average for 45 stocks gained 1.20 points. The latter also not A new high for more than a year on Wednesday. The utility fise was made possible by a spurt in Commonwealth Edison which announced a unique dividend plan to pay out practically all
its earnings.
Better Demand
Trading in the market during the curtailed week amounted to 1,600,234 shares, a doily average But the weakness in sterling of 2,050,071 shores. That com- was largely Ignored by thepared with a dally average of markets except by it-ged. 2,715,552 shares in the previous This maricel staged a rally 91 week, mid-week which put the Finan ctal Times Index up 0.35 on the weck despite Saturday's fall. Buying interest this section, though, as not very large.
Dollar securities отя the London Stock Exchange helped by the tone on Street although business mained very slacic al moment.
Apprehension
were
Woll エビー the
Low priced stocks again featured the market. There was a better demand for the blue bloods later in the week with American Telephone and East- man Kodak strong features.
Business
continued favourable. The major lines ex cept autos showed a less than scasonal dip In the Labour Day week. The indications pointed
news
Small Sales There were unconfirmed reports that the authorities supported sterling yesterday by small sales at gold and dollars. The pound
In the foreign bood section to now gains ahead with a good Germans picked up mid-week | advance In the Anal also come under pressure from
quarter, continental currencies ut was but other Europeans were quiet, į experts said. Steel Magazine predicted that down to support level against Japanese have seen only a little if there is no auto strike
But the markel had several steel the Dulch guilder.
Yesterday's activity white Chinese reflected production will soar over 70 per fall was chiefly a reflex ection apprehension over the Quemoy things against it. One was the cent of capacity during Septemby foreign holders who always
developments. ber. If auto producers sell 5.5 sell when there is an intera- million units, lt udded. stevi pro-tional crisis. duction wil reach 110 militon
tons next year, only below that of 1957.
shade
Order backlogs were reported higher than at any previous time this year, even though auto
buying still reflects labour un certainties conservative pro- duction plans. It a major walk- out comes in the auto industry, the magazine predicted, it wil likoly start late this month early in October.
or
increago
New York Cotton Market
the weeks
height to which prices have ierritory Bank shares have continued one, bringing inlo ons of the central attractions where many people want to take of the stock exchange in view profts. Secondly the Far Eastern posed several uncer- of the personal loan projects Bituation and the Midland Bank, which talaties which appeared to first announced this, was first restraining some traders. again this past week with the new cheaper personal account scheme, rosembling somewhat the Canadian method.
Leading Inclustrials scored goins this past week all rotad and the main feature has been a broadening investment do mand. Last week's tosees have been completely regained and semo further rises recorded.
To Improve
Oil shares have been out of
-
Test Coming
be
Wall Street said the ltat be- hoved well. Trading quickened when prices were in a rish and fell oft when proft-taking de- veloped.
Not a few of the market men believe there will be a test of the all-time high in the indus- trial average before long.
Department stores reported sales increased three per
If a strike does como Il is ex- cent above 1057 levels.
be prolonged. The Railroads,
hardest pected to the
New York, Sept. 7. United Auto Workers Union is his recession
Industry,
puncial in a strong
Cotton futures moved ir- position that defclis WCTO
regularly higher in a holi- 17.30 | cut sharply
and with a fat strike fund. On the in July
other hand, auto manufacturers day shortened week of the picture and not unul mid some companies predicted
have indicated a strong deter-
week did they start to improve. That high, was set on April 0, four sessions, although and then that August figures will show a
only by moderate | 1950 at 521.05. Some disappoint- proft. Increased freight ship-mination to resist any "extreme"
the trading pace slac amounts. Royal Dutch-Shellment was displayed when the nents, sparred by repeal of the demands that would
kened on the advances. groups latest quarterly reflected rails, failed to sat a new 1958 three
cent Federal tax, production costs. per
There were two major strikes Marking the first time in Ave there is less ground for optim. The
falls in product prices, and top along with the Industrials. boosted shipments last month.
Jure of in the auto industry since
that the work has
the projected Personal Income rose to an war. A 16-week walkout at finished on higher ground, the Ism tett in the city about the Studebaker-Packard small
that ended list at Friday's close ruled six all industry than about marki-
komediate cutlook for the brought heavy trading into that annual rate of $354.5 billion General Motors
issue and it fed the market In and March 14, 1940, played an in July, an all-time high,
to 10 points-30 to 90 cents
turnover to several sessions. heralds increased consumer portant part in deepening the
African gold mines spending. It
readjustment. vas the fth con-initial post
week.
much vere
affected by the It reached
new high Business
was done In the local
secutive month to show a gain. But a 100-day strike at Chrysler
The Improvement was attel- romination that ended in May, 1958, caused buted to a variety of reasons, Verwoerd as
however, Hendri Chrysler,
received unofficial exchange
this The July rain. markel
amounting to
without quam news that it morning at the following rates:-
foremost of which were
Malster and his assumption would go into the small car Technical considera- of
leadership has beenfield domestically If General tions;
for many blamed
sales that Motors did. Concern OVCT
Increasing probably were due
to profi- tension in the Formosa Lading. Straits;
Exchange Rates
U S. Nollar (por $1) ... Sterling notes (per 1)..... Australian notes (per £1 Indurenant ruglah (per 1001 Stan test (per 100 Singapore (Straits)
war
im-
5.00 $2.5 billion, bought the total In-1 scarcely a ripple in that year's 10.04 croase since last February to $8 recovery from the 1949
13.05 billion. The July figure was sion.
670
20.63 actually higher, because retro-
active salary increases paid to
REVIEW OF U.S.
COTTON
A RADIOACTIV the Atonic Energy Authority, was used to wcate a partial blockage in a pumping main 5,000 feet long, The radioactive rubber ball was pumped through the main,
New York, Sept. 6. its progress was followed by a Gelger counter. Hallway The cotton goods market experienced through the pipe the ball stopped,
another week of limited activity. and there the blockage was found..
GOODS MARKET
Buttonholes
and
firm has boon making walking safer by producing u concrete paving flag with
NEW device which beat- scale buttonholes and ensures rubber tread insots. The rub- ber treads are incorporated they last for the full life of the in a wire reinforcement mat new synthetic garments has been patented by a British company, and project an oighth of an with this method the synthetic inch above the flag itself. is brought to a high temperature, These non-slip fage ore in u0| rotumed to its liquid state and
a cold air, of adjusted bumpers In my parts of Britain sloop pavements, lippery sublure, is subjected to it in this ways and other awkward pacco, condition, scaling the cut
end,
Charlotto Street,
The manufacturers premises (Harrimondo Ltd. Harrimondo are at Shop Fell, Westmorland House,
where grandie has been quarried London.
for a hundar years. It can be
zeer in many famous buildings
in London eed such university
20
towns.ns Oxford and Cambridge Automatic Laundry
and it is used a great deal for
bridges.
maruinental work,
docks and
retail
Optimistic
bale-higher than the precedingfacturing business.
South
reces-
*
of
C
Prime now
Tin shares were
mainly on Continued heavy producers the upgrade again, Lend, zine entries under the loan pro-nne coppers have been firmly grommes;
held.-U.P.I. A broadening trade demont for the March and May de- Uverics.
CROP REPORT
Late in the week attention
SINGAPORE RUBBER MARKET REVIEW
A
car
Studebaker, with a turnover of 419,800 shares rose 11⁄2 points,
Chrysler, General Motors, Ford and American Motors rose trac- tlons, the last on 125,100 shores. Artloom, being scanned by the Securities & Exchange Commis- alon and under Stock Exchange [rulo against stop ordera fell from $27% to $10% and, closed the week at $31 of 11⁄2 mints. It had sales of 208,300 shares,
Stock Split?
Wall Street takes an optimistic view. "Never sell on sirike news," is well-known adage Strike among slock dealers, threats are an indication of a flourishing business, Woll Streeters believe, and point to the absence of a strike earlier as indicating the low state of the auto Industry economy. Any centred on the Government crop business deterred· this autumn report scheduled for publication by labour troubles will swell on Monday morning, Traders fair-sized Increase sales next year, predicted Stan- expected a
ever the government estimate o! dard & Poor,-U. P. I.
a month ago. The average of four private surveys - wns for 11,815,000 bales. The estimates ranged from 11,720,000 to 11,925,000 bales. The govern- ment estimate a month ago was The rubber market here was for 11,583,000 bales. Last year's
totalled
in a "state of lethargy" production
10,083,000 bales.
for the past week, Singa- Market experts thought the
rubber brokering Eastman Kodak rose six points 'firms sold in their weekly and Du Pont gained two in the chemienia. Kroger run up 8%% report issued here today,points and Johnson gained 8.
Bank Of England Statement
Fore
Singapore, Sept., 7.
It opened on Monday with
American Telephone with sales of 98,200 shüres ran 10 nearly four polnis on the week. Demand for this issue continued to reflect bellet in the recently circulated rumours the company was contemplating a stock split.
effect of a higher crop estimate would be offset by the chances Sterlin
of damage as a result of the gulf: 2.037 220.039
*16,746,741 | hurricane, and the risk of an 215,150,405 early frost dato; which is sill business for No. 1 sheets for Firestone was up 7% in the Philadelphia & Reading 201.130.550 to be faced in a number of September shipment at 82 centa tyres.
30411908 sections where the crop is late. per pound and with October at gained.01%. The usual spill up
Print cloth buyers came in for | Scepties think the current
Will whatever goods they require for | quiei" situation
ocntinue
London, Sept. 7. immediate and nearby needs, until November, At that time,
The Bank of England state- purchaser the avoiding forward
recent oxcellent until they digest
the goods business will begin to show it ment for the week ended Sept. accumulated during the buying self in further grey cloth cover-3, reads as follows: rush witnessed at the time of ing for the rest of 1953, and loto | Notes in eirmulation
the first quarter of 1959.
Public depositą the Lebanon flare-up.
Petente deposits Untli usés of apparel and The threatening automobile
Government Industrial fabrics show signs of labour situation continued 10 Poczcility modifying current tight buying blur the picture in industrial Other securities
Arm Receipts policies, millinen expected con- fabrica Mills showed a tinued short burals of covering | front
there on prices, but involving a narrow range of was still a note of uncurtainty,
with the situation in Detroit fabrics.
playing a big part in determin- ing the buyers attitude.
Revival Expected
Optimists expected a buying igvival within a few weeks. They barked on:
Lawy alocks in consumer
channels;
Current low prices for most cotton textiles;
Reductions
Some Asing duce cloths, and "B" grade 41umbered duck
Lad
Blo
13,077,400
0.0
Bank Of France Statement
sur-
There
Fumours accompanied the wider advances.
угод
BALANCING
82 cents. A sogging tendency Operation
Thursday when of the government set in until ican programme will be another qualities of September tender balancing factor. Traders seem was lacking, and bustness
done ed to feel that any production
00%. cont.
government 'loan conopy.
ponie of
Steel shares lost their recent snap and the leading issues re- Orders the treated small tractionis.
for stool
sumphus will wind up under the United States auto industry con- continue to come in
Labour troubles
Some mills have been giving tired to have a slightly debut there is a growing caution consideration to re-entering the prussing effect on the market, over the prospects of a riziko in futures
Lowbr market by buying
sheet enquiry Fynthesutomobile industry that lures in the spring months proved but sellers reserve con- could slow up steel buying when they are selling under the inued thus narrowing discounts quickly. loan price.
father, particularly for Singi
From time to time demand For the second week la a row, pore type four end ve Ras 247.569,200,436 unfixed call sales showed a which grader appear very was noted for various groups, including papers, tyres, chemi- sharp increase. Call sales for "Light." 11.209,009,781,
офиссов, Exports from Malaya curing cal® drugi,
fooda, the week endod Aug. 20 · rose 14,138,200,000 20,000 to 142,900 bales against August at 100,487. tonn was the mugurs, and building equipments, 484,100 balas kat year. While highort since May 1981 when't some of the Cils manged to 1,875.271,338,120|
tona the total is sharply under Last 103,020
were exported.mave higher but that group, was 2,200), MOBLATTE,1905) year, the Increases recently Toal, átdparimate for the eight quiet for the most past. Kern $43.207891.7020ted are the first substantial months of this your is 700,00% County Land rose four points on
galog in over a year-UPI, tons-UP.I.
the week. RE
Paris, Sept. 7. The Bank of France stalement fabrics, were reduced as much for the week ended Aug 23, as a cent a yard because of inter reads as follows: their laboratories
competitiva conditions. the
sive Numbered ducks,
for Total gold holdings British Launderers Research
Total viber cargo and hatch rencies The company just com- Association are developing a unit The betterment in the tenor of tarpaulins,
covers, have been losing ground sight balance plating an export order for the which is designed for continuOKIE gèneral business now.
Strond EPU of washing, rinsing and drying of safety hugs for the elly
Market analysts pointed out to competing materials, porti
Ouated Thy are textile fabrics with a folder or that wholesale textile prices now | cularly vinyl coată pylon. Hamilton, Bermuda,
from Spinners reported a spotty known as Rubber Trend Fantacallender machine and folder are oft nearly 10 per cont way (The Shap Granite Con- to complete the full laundry the 1947-40 average while other demand for yarna'ng the market| pany, Lid., Shap, Weetmorland process. The unit is in fact a wholesale comenodity price show remained in a port-boikiny jail. England.)
fully automatic laundry,
-U.PL arise of about 25 per cent.
!
and depos{{{4