SCIENCE, VA ENGINEERENG
SATELLITE RELAY TO REVOLUTIONISE COMMUNICATIONS?
By DARRELL CARWOOD
Washington.
SPACE age achievements that have seemed
distant and fantastic in imagination often appear amazingly close to reality when the engineers get down to actual figures.
wears
r
The latest example was pro- | Telephone and television users vided by calculations made in may notice little difference after the Pentagon's Advanced Re- the novelty
off. Tele- search Projects Agency on the phone messages will be carried possibles of using gu central stations in the usual altitude earth satellite as a com- way, and TV programmes, alter anunications relay.
being flashed over great dis- The
tances through the satellite, will probably be re-broadcast locally.
The ARPA xxxdentists
Бау however, that enormously cum- plicated problems in globat com- will be solved. munications These Include a scarcity of low- level radio channels. 50 acute that even high-priority military are often held up.-- messages U.P.J.
Kind engineers
that, whereas a powerful 50,000-watt radio transmiter working through atmosphere may have an effective range of waly 100 miles, a five-wall transmitter ean ally breadrast to a satel- lite 22,000 miles away. ECONOMICAL
That is a difference in power vost that the requirements so
project immediately. begins to
look economical for Tong Safeguarding Goods
distance transmission. But the
initial fact is only the beginning In Trans-Shipment
e a whole array of new possi- bilities such as
★The satellite con broadcast A VALUABLE export con-
* THE CHINA MAIL, MONDAY, OCTOBER 6, 1958.
Pare.9
Weekly Survey On American Economy
FIRST PHASE COMPLETED
Rapid Upswing Will HONGK
HONGKONG Four Billion
Be Replaced By STOCK
Steadier Rise
New York, Oct. 5. American economy last Business experts, studying the
week, agreed that the first phase of the recovery, a rapid upswing from the recession, has been complet- has entered the second ed and that business now phase, moving toward probable all-time highs in pro- sperity.
thus
prove much
home-building
EXCHANGE
Our Own Correspòrident
Buibest dont ơn thủ Hồng
Added To NY
Market Values
New York, Oct. 5.
kong Stock Exchatigu this The stock market røde to a new all-time
morning amounted to
proximately $447,000. Noon quotations and the morning's
transactions WETU:
shares Buyers Reiters Baier
BANKS
ETIC Flare.. 73215
600 m T2
0.00
3.03 1.000 0 0.50
1,320 5.90
90
high this past wook in a strong advance
that added nearly four billion to markot valuations.
The market's strong showing
The chemical industry's im
tellected Increased industrial proved outlook touched off de- activity all through the economy mand for that
group, pushing
Unfán Carbide
more Allied up
up four and than three.
favourable forecast соп
and some forecasts for the near- term and long-term tuluro.
The market has risen in seven Auto stocks were firm. out of the last nino pessions
of the lust six, cething future oil requirements and five qui
was halted tem-made the oils an upside feature. The advanco
than four Wednesday when Amerada rose more 1920 1919
390 o 11.30 Verily on
profil-taking and a light-money and Gult and Royal Dutch Ecare combined to check the rise, more than three each. Some o: the domeslid companies ran 21.30 2151,000 21.30 50021.40
into light,selling during the 303% 31 5,000 30.75 14.00
The first phase
Tho was a five-1
boom, the United States. Latest caii-INSURANCES month spurt upward, far fasteræparked by the low interest mate for the 1839 population is alon than had been expreted. Just rates of the recession, -now has | 177 million, a rise of 17 per SHIPPING as a recession feeds upon itself levelled out at an annual rate
ccat
This growth, projected Wheelocks as worried businessmen and of 1,200,000 compared to just through 1985, would odd 18 consumers hold back activity, over 1,000,000 in 1957. Tighter million persons to the US.
DOCKS, ETC. to adding
economic mortgage money
will cause population, and would cause ax, wherd i slowness, no does a recovery some reduction in home-build- demand for 12 million more Dock
of its
own Ining, but not enough to affect the homes. It has been estimated Providen! petus by generating uptimism
that Industrial production will LAND, ETC. industry adversely, since there which Impels mvestment and still 1 an excellent backlog of
increase per cent in 1959, and Hotel spending.
the projected 1085 population Federal Housing Authority and
would cause an increase of 3 Land The unprecedented speed of veterans administration mort recovery hi! removed any age applications. Public con- per cent for that year na com-Really lingering
About doubl
the struction remains at a high level,pared to 1958.
With all of these solid signs Amalg health baric
of the US. Another solid base for probe-
health, economy, and now for the first perity is capital spending by of long-term economie time in the recovery, all of the industry. Most of the increase plus the tangible result of the Trust
A. Tawah.. economy. Major demands arc is in new machinery, since the five-month flrat-phase recovery, ungala
together. Every huge expansion expanding
the
the American pre-
moved cheerfully slym In a good sign,
vlous boom left nost Industry munity has with plenty of factory space. into the second phase, which Peak Tram (0)
will be a Flower And orders for machlucry were up Impressively in the complex adjustment upward, Xoumati...
quarter and continues with
Production
Production hos
New
recovered in second
of
business coin-
Humphreys
RUBDER
1.35
.... 1.6 1.075 43,000
1.33
1.05 10,000 1.45 20,000 ₫ 1.575
UTILITIES Team.....
2,20
1.90
moro
Star Ferry.
100
23 20.30.
110
BOO 26.10
100
+4
all
of segments
the coming into balance cecnomy
toward all-time activity-UPI.
C. Light 17.40 17.00 1,017 17.30
800
17
300
Electric
23 25.30
800
28
highs
of
2 13.00
13.30
13.00
133 13.20
Ats
Telcubane 22.00 24
13 of 7.05
back to Earth with equal {41 signment of radio sots care, no only five watts of power, was -found on arrival to be une-twelfth as much as the o:- Intact except that the fila almost every industry and the their rise in the third quarter for the steady long-term move dinary light bulb, is needed in
Government Index, which Now business sources report Yements of the valves had all
showed a low of 100 in April, that plans for plant and equip- the celestial relay station.
in
The transit. oceans broken the message can eroRS
in August. It ment stood al 137
Improvement call for a and continents.
trouble was eventually traced probably reached 139 in Sep 700-million increase between estimates of the third quarter and the to the fact that they had tember, and best small
mot a rozononce frequency the probable figure for October, fourth.
now that Ford and Chrysler caused by the vibration of have averted auto union strikes, the ship's scrow.
may match the October, 1957.
comparatively
transmilling antenna, such a 20-foot parabolic "dith," can vory frequencies ever so slight- ly in its brondiensts, and could send 10,000
142 Agure
of
vulcr mes:BLES This story, illustrating the through the same satellite at the complexity and importance of rame time. That is far more packing to meet the hazards of than the number -of trans-gelting products to their destina- Atlantic telephone conversations tton in perfect condition, is one ever in progress sinultaneously. of many unusual case histories ad will probably be
ventional balleries is removed. The accidents which may be
The
1957.-.
to
of
will not reach peak rate
GOLD MARKET FEATURELESS
Paris, Oct. 4. The gold market was again footureless throughout the
week onded Octobor 3. With the Bank of France pegging the gold price at 513,000 francs, slightly below the pre- vious week's level, only minor
INDUSTRIALS Cement 22.00
STORES, ETC.
Dairy XD .. 10 10.10 Watson .... 11.20 11
10.20
L. Craw.*** COTTONS
exule ..... 3.66 Nanyand
INVESTIČIENT aut. Inv...
Allied
7
Settlement
But settlement of auth con-week on the announcement of cuts on the East and tract talks, new highs for the price
year in Steel production and West coasts.
Total sales for the week camo rallroad freight loadings, and a prediction by government eco-to 19,228,070, shares, bringing homista that the economy helped volume for the year-to-date to to spur stocks to new highs. $12,000,000 shares the best for
An improved earnings outlook any sirailar period since 1989.
Of the 1,428 issues traded last for industry in general and a number of individunt corporate weck, 884 issues advanced, 458 held un- added more declined and 156 developments
New hight were set steam to the advance. In- changed, dustrial stocks rose to a new by 310 stocks and new lows by all-time high in their average, only 30. gaining 6.00 points to 639.79.
Benguet, a low-priced mining
followed by
Railroad issues Jumped 3.9: issue, led the market in turn-
to 145.71, points
the highest over last week,
Graham-Paige, for this average since Aus Rexall and
9,
1997. The utility average
at 00.72 was up 0.49-point and U.P.L the 05 stocks used in the three 500 G 22.70 Dow-Jones averages hit a new all-time high of 184.50, a gain of 2.71 points.
500 G 15 200 & 11.30
7.10 1,000 (7
Metals stood out on the up- side. Price increases during the week for lead, zinc and copper and Russlo's promise to curtall aluminium exports buoyed this group. Gains ranged to 71/2 points in Newmont Mining.. Na- floral Lead rose 6%, Magma
Brit copper 3%
Kennecott. 44.
Improved outlook for the steel industry, now operat- ing at its best levels since last Buster was done in the local November, brought gains rang-
exchange inarket this in to 64 Inland
Steel, morning, el the following rate:
7054 in Continental, and 3% In U.3. dollar (per $1)
19.01 the Jones & Laughlin. A poor Sterling netos (per 212, Austral notes (per 1) 38.54 | carnings report and a dividend 3.0 cut sent Lukens Steel down Indonesian rupiah (per 100)
20.70 Blau ticals (per 100) Singapore 9traits).
1.00 43.
fluctuations were noted in coin Exchange Rates
The referendum vote results
The Important factor here. according to experts, is the in dication that the capital spend- ing cutback was made not so The amual rate of grass no-much because of over-capacity, tional production (GNP) wae but because of the 30 per cent 429-billan in the spring, slump In profils between the Hittle more than 440-billion last first quarter of 1957 and the With the first quarter of 1958. sume 450-billion in the final uncovered by investigatione con- i
quarter. With adjustment of skyrocket recovery of the past The whole problem of ducted by a British
packaging this
five months, the outlook is for last-quarter figurt building long-lived con- company.
eluninated peke increases, further increase in capital out- stili will be equal to the 446- lys, although the total capital
The the last quarter siding in the 1957 prok ray power requirement is EO small that it can be supplied by fall containers by being dropped billion of solar batteries such as thone still from lorries, banged against al the Kenerating
trom ship's holds or crushed
Perhaps the most important broadcasts
that bottom
a stacks, and the figures of all are those of man-
womelal of Navy's Vanguard satellite
to bo hour productivity. It is one of went up last March 17. Like- deterioration that has
aganat
the first laws of economies that La various wise, the "transponder-trans-guarded mitter and receiver with the climates, ere all stimulated and wage and price boust, to be occasion de sound and healthy, must be ald of transistors can be built assessed, When
mands products are tested to based upon greater man-hour to last many years.
destruction to gauge the amount productivity. For the past three ARTIFICIAL MOON
of mishandling they will with years the rise of output, per man-hour on non-farm activiilas stand.
has been about 1.5 per cent per year, regarded as far too low. But recession-kindled economies of operation,
constant technological progress, brought a chin of over three per cent in the last quarter alone - a gain which Fortune Magazine called "really sensational.. fabulous."
li
plus
of 37.8 billion per year. But it had a bearish effect on the should be appreciably better market immediately after they than 1958, when the second became known, but the trend quarter figures indicated on
was later reversed and demand anual ralo of 20.2 billion,
gure which should be im- picked up so that dealers atting proved by Dant figures for the for the Treasury had to check inst two 1958 quarters,
the upward trend.-China Mall Special
e
Have Confidence
The 22,000-mile distance
Also adding to the strength of TROPICS in magic gure
the boom will be restoration of satelite science, because at that
Inventories by industry. In the Tropical conditions to which atitude an artificial moon will
second quarter of this year 24 packs are exposed for 12 hours,
corporations reduced inventories circle the earth once every
by 3.1 billion, the largest one- ! hours. Slace the earth is tum-pre simulated in a special cham- ing at the same rate, the satellite effects on packs of being sub- ber, another reproduces the
quarter drop in history. At the same time the corporations In- will appear to remain stationary
creased their working capital to over the some spol, and thejected to direct Equatorial sun, Two drastic tests are the
an all-time high of 110.0 billion. problem of its being available
The corporations have the for relay only part of the time deluging of crates with water at 100 lb. pressure for 200 minutes
money, and now they have the and allowing them to crash
conadence. They should hance- A concrete wall to The weight of the catel- against
This boost in man-hour pro- forth be a steady Improvement, lite need not be great, simulate a cargo being swing by
boded well for the rather then decrease, in stocks ductivity a crane against the dockside, possibly a ton. Dr Herbert 1
While much of the work is future York, Chief scientist for ARPA, said that by sometime in 1953 devoted to safeguarding delicate boom.
instruments
and
that the trend of the produc-and orders. America will have aloft earth scientif
tivity is healthy and growing, Satellites weighing between one machines, much, is concerned with all types of general, and two tons.
York was speaking of the use electrical and engineering prod- of the Allas und Titan Inter- ducts from cotter pins to 30-ton Continental Missiles as "boost-presses.
Is removed,
ers." These missiles cost about
It is claimed that improve-
cent
two million dollars cach, so the ments in the design of containers cost of the satellite relay should could mean up to 10 per be in the low millions-com-savings by enabling cheaper and
pered to billions now bwested
in long distance communications. Another advance of the high-
fewer materials to be used.
allitude relay is that it can be Glass-Plastic
used, with equally small amounts
of power, to spread TV. broad-
casta over half the earth And the Television Tube
ARPA engineers and scientists
do not think the satellite relay
would be especially vulnerable to "arming."
STRAIGHT UP
A
LAMINATED television
pictura tubo, now in the final stages of development will, it is claimod, eliminato
Boded Well
of the now-fledgling on hand, thus providing still
NY COTTON FUTURES TURN IRREGULAR
New York, Oct. 5.
reassured warriers another source of new business Cotton futures turned irregular after pushing to t
Also to be considered in long- and that man-hour productivity term assessment of the economy
Is the ever-rising population of gains wilt equal the five per cent per year of booming 1954 and 1955.
This rising man-hour pro- ductivity means that as de- mands for goods increase with the ever-widening boom, IL will be possible to meet these demands quickly, alnce the supply also is increasing. Thus there will be even a higher GNP than had been expected, perhaps reaching 500-billion by the end of 1959 rather than the anticipated 475-billion.
At the same time, danger of
Most
&
the highest level since early August, but still showed a good-sized gain at the end of the week.
Important World Bank
IMF
Meeting
New Delhi, Oct. 6.
away inflation, which could Four hundred delegates from 68 countries will
wreek the whole picture, acerns lessening steadily. Most important factor in this is the scheduled drop in Government creases for Federal employees are contemplated; the extend-
ment Insurance runs out next April, and soil-bank payments reserves will to farmers for having brightness, clarity, and contrast end in 1959. Dofence spending together with a reduction of probably will continua glore,
high level, of course, but now a the new development,
It seems that the Federal de
They point out that the satel the need for the separate spending. No further pay in- lite's broadcasts are "effectively front safety window that has straight down." In other words.
even though the message is from been standard on television ca benet period for unemploy New York to San Francisco, the receiving sets. altitude is so great that the algori can be thought of as
Fone straight up and then straight down.
To "Jam", an enemy must be
It will allo provide added
་
Royal Dutch General Motors.--
EXTERNAL
INFLUENCES
AFFECT
LONDON
London, Oct. 6. External influences affected the London stock markets last week despite the ten- dency to profit-taking fol lowing the buoyant at- mosphere of the previous week. The International situatk apparently cased and Wall Street's strength helped those markets which
arc usually directly influenced by the U.S. The unexpected advance of the Treasury bill, rate on the previous Friday and once again this last Friday caused Bome hesitation among investors, but the opening of the now account caused prices to go ahead,
GILT-EDGED
Gilt-edged activity was con~~ siderable and, besides mediums and longs the, zhpiter-anted At Friday's close the list ruled was up 12 points from August camo in for good support. Old up 23 to off 7 points, or up 1.15 and compared with 37.00 cents Consols were up on the to down 35 cents a bale from in mid-September Last year, wook, four per cents, War tar preceding week.
Since the Joan rate for the Lean 3% per cents and Dal-
22 Underlying drmness reflected 1958-59 crop has been decided tons Treasury
per cetin combination of factors, on the basis of the August Issue Foremost Influences
Reflecting Wall Street, dollar included: parity, the current report was
considered more of academie, stocks have been higher on The prompt absorption of
interest rather tton a market most days, except for automo- October delivery nollees;
shares. The Canadian factor.
bile Anticipation of a sharp
Government estimates pré-market had been the strongest, cut back in the Govern dicted
cotton exports for the But the premium tell further. ment crop estimate on Wednes-cron year beginning August 1 The foreign bonda market
day:
could
A broadening Interest in wil drop to between 4,000,000 was not particularly firm and
and 4,500,000 runalug bales the only section which the textile market;
U.P.I. Extra-heavy producer en {zles notices,
der the
meet here today for the most important annual conference of the World Bank and Inter-loan programme. national Monetary Fund since the twin organisations were formed at Bretton Woods, delivery notices, and a steady New Hampshire, in 1944,
A RISE Despite the Issuance of 100
tise in the certificated stock, the October delivery showed a rise
More than 20 (nance mindsters
It would provide the fund of 1.50 a bale since arst notice including those of Britain, with an extra $3,000 million day.
Singapore Stocks
be
the called cheerful was Grode Japanese and Chinese were quietly steady.
Beer Canals rose to 33% sterling, helped mainly by the results of the referendum des France.
Industrials were generally strong. The Financial Times in dustrial Index reached much
than conspicuous
the Lex secondary stocks
Singapore, Oct. 0. Brokers today quoted the fol-
Opening
$1.60.
ing
United States, West Germany, (over £1,000 million) in “use- The March, 1959, delivery for towing stock prices; Japan, Canada, South Africa ful" currenclos-convertible or that month since August 8. Batu Lintang Rubber to. and Australia-are delegatea.
Lid, Adverse weather news caused
among the near-convertible currencies-
Byndfaste
American
prof
Hongkong Tin Lid.
dificult as putting the satellite and extraneous ream light from rates. In the past three months figure of the Increase has constitute a basis on which the However, other quarters Rumpas Ltd.
$4:05
HARDEN
Sleel sharts have been ins clined to harden.
Oil have been the outstand- feature of the stock markols. Jast week. Shell, Burmah and British Petroleum close to new are now at or (high levels for the year.
in the path of the signal, But Hightweight safety glass window feit will be down sharply in
to allow it to full its task of some traders to substantially British nomea. Petroleum The major development of promoting exchange stability, modify recent optimistic views Consolidated in mater if the signal is coming straight is curved to Al, and laminated 1000 dscal year
Ord. the crop prospects. Some
....... 20# 6d from the 12 the conference is expected, to be and backing currencies in teman downt, he cannot reach this goal-directly to, the tube face billion of the present fiscal a recommendation tion unless he is in or over the means of a
to member porary difficulties..
quarters thought the gover-insor & Neave Lid Ord. Fun t layer of polyester
an immediate
ment figure of 12,104,000 balch, Freer & Neave 7% cum, governments of receiving country.
reals. The glass surface is old year.
It would provide a similar reported as of September 1, may Gammons (Malaya) 201... $1.50. Shooting down the satellife etched to provide a finish which
Also working against inflation big lipresso in quotas to both
Shanghai
Profits for the Arst half of would
be
$420 approximately
Banking Corp. als said to eliminate reflections is the quiete climb of interest the fund and bank. No official extra sun-mainly in guaran-be whittled down by 500,000 to Ilangkang
and teas-to, the World Banke and | 250,000, bales.
34 10d the year of the major oli com- panies have. fällen considerably in exactly the same grbit an un-the pletúra tube face.
thero has been the sharpest Brush-backed
the other, which no one AB yet
and the profit level for déclino In bonds in modern, beeji suggested, but 50 per cent bank can raiso, funds for long-thought that estimates exaga Kampar Tie do Additionally, claim to doves
form investment clálína to be able to do.
member gerated since, most of the falna tunas-Ruhiy Existus in. 10.05 lopers, the tube will permit theunes, and yields on long-terms is expected 13 be, agreed.
Countries, EFFECTIVE
U.S. and harm occurred too lata. Mayan Breweries...
Deond half of the year will have socia
depend on the level of New Berandan Rubber. Co. design of lighter, more complet Government bortla
This would restore the affec The U.S. delegation also show up fully in the September
***** 31.60 *. Comestic demand. receivers, with as much as threw up by nearly 4 per cent." In
The Kaffir market "began izi The ARPA scientists warn to four inches less cabinet depth.surance companies have markai tive backing of the two or expected to put forward Preal-survey, They thought any losses Felling Tin LAG.. that there and silil, technical Soveral major U.S. maiu-up commercial paper sharply, ponisations to the love! avis dent. Elsonbower's iden fan would be more apt to show up smppure Cold B
· Inter, with Johannesburg problems to be solved, but the facturers are believed to be pres and the US Treasury sold blim,nged at Bretton Woodd,, and | International, development amo¬ in the November estinzate.
The fürêwêsk rally was alded Stratis Steamship Dif
buying. Tüdroading", Ambrioari Batellite tely could come into paring for pilet production and | in. September at 2.0 per cent, nomperpele for, á Bó per et ciation, to give kurtarmi lonta
STILL PROBLEMS
Id.
Rede Hotel
Strail Tradini yanada M5, but strength "dovE.
use how years. "It is, cah | iho tube my reaćtí; thw : publio | tampared · 40:09, prc., cunt in drds in the value of the dOLLA. POURyable in thỏɛal countries" | pakilý příES-Kupport. The Sagi† Werne WTOR, SHARİR? 29/10 +- 1 Litgrunk „ in South Africa 598
tainly not generations or even a in receivers coming on the generation away.
market in mid-1969.
year ago.
14 years.
own cuftencies.outer.
* andir: 1 bath all; & odcha-China mines is the chief explanation
for thie unutank "truzicke (PL
tember
perity at 98.55.conts) Mail Special.