SCIENCE A
THE CHINA MAIL, MONDAY, DECEMBER 8, 1958.
Weekly Survey Of The American Economy
ENGINEERING NEW STRENGTH IN SECTORS
A
Mechanical "Doctor" Diagnoses Illnesses Now
London.
MECHANICAL "Doctor" for diagnosing
was described
at
a
illnesses
scientific conference here by Dr Francois Paycha of Paris,
He explained thank the miehitise Woul
ester
systems Son sat avigate
siti vario New Mercuryless
włuch pntient had and did to have ach Bally produce a tad of pares of the her lape conturing the coment titarists
It would neest the help of
Samk w.wild physician wh
The facfkoms the
1234-31102
In t
Tho, h 17
1,ba: 19
Cush s
Teleton 1:
Stank
LEGAL MACHINE
Pressure Measurer
4
In
A
100
NEW mercuryless diaphragm instrument ved from for the measurement of dif- ferential pressures in six maximum ranges and up to 2.500 lb./1q. in, working pressure is announced by a British firm,
t th still
" No
Au atomatic fegal temarie)
audit ones was operating
Premely explodest by expert, Di Lawan Met), du en For of Studies at 1.
Inte
Medya heslichatt de
S
Economes Still Warn
Of Long-Term Threat Of Inflation
New York, Dec. 7. American business continued its slow, steady recovery from this week, with new strength in many the recession sectors, but economists still warn of the long-term threat of inflation.
coming to view
exports
80.
HONGKONG New York Market
Struggles Along And Gets Nowhere
STOCK EXCHANGE
Our Own Correspondent
to
Business done on the Hong- kong Block Exchange this morning amounted proximately $570,000. Noon quotations and the morning's transactions were:
Shares
Bayern Seller
Balen
BANKS
K Bank SHIPPING
700 100
90 710
8,33
3.03 1000 1 300
91.00
43.80
12.201
Z: 20 21 30
New York, Dec. 5.
The stock market struggled along this past week
on a daily average sales volume of around three and a half million shares and got exnetly nowhere.
Measured by the Standard &
Pors Index
Automobile production set
of 500 slucka the | new high for more than a year net change amounted to a loss of "but the financial district appar- two cents a share, The Dow ently was unwilling to jump
conclusions on the receptions of the new
Jones averages showed an equal-
by small fluctuation.
||||slrns 12 the Dow Jones
the week at eleulution closed
p
Latest Most of the
are demand, so there should be saj gains of productivity arvest that the 1957-58 rece shortage" inflation
figures show a productivity rise
the six wheelock of four
per cent for slati restrained the fundamental
the short-term pletumosiths ended forces behind
September the inflationary
cansumer spending this your
which is a rapid rise even for a DOCKS, ETC. rund, but it WOK a temporary
K. What I may go Dock restraint and new pressures are probably will reach 290 lion recovery period
Nogainat 225 billion last yeur,
even higher, while the average Provident and in 1950 consumer spending
increase in wages holds down
LAND, ETO. to 3 per cent or leas
HK Hotel Chief among these will be probably will reach 305 bilen.
10002130 new wuge-price th
PDE ZUE'e", In 1980, the estimate
HK Land 30:20 30.50 2324 4 3025 | 566.75 off 071; rolls 334.07 Thus the statistics are
14.00 in flumphrey,
000; and sililities 88.47 up 1 22.) awery mrishes MUllions of a fer expenditure of 323 willon.
favour of non-inflation in the Realty workers are in union
The general average læst D.98 to On the basis of per capitu
unportant months and years RUBRER hove cost-of-living and auto-
elope the week at 103.97 matic annual wage increases pending. It was $1,000 in 1957, between now and the sure-to- Ama The wage
come boom of the 1960's, when rises will in turn diably about $1,000 this year in due to population growth, and
America's population will be de- UTILITIES price rises, althasigli
consuming buge Tw many cases the price jump will be $1,725 in 1959 und $1,790 manding and
SAT Fury Hi 1000
amounts of durable and non-
Yaunat! slight, due to increased pros
durable goods. quctivity per mat
Valike
44.4
which
Extra Spending
cile pacientors ins Corporate a parleston rupture -
Also contributing to the long Phone tulleerataal urut, bur
term inflationary phish will tr mouth mugtos ang selaitive bel-
continuing international uncur- wilt fas je to lusting viement
tantes, the protiens and costa winch to presKITC may be subjected Proteferences
cperation of adequate defence atsl arma- nepralent to the pleasure taling of the instrumiensments in the missile age, and the
Prospend of when daruge.
ut she felts
Natubal School of Achanum ge
lar1
I would prodice Toll death of all the den inkomstels
of hy
A
Involved perd tega pint,
alle te pye NOT
Pul bilar pressut even be appbed anore the flows usill att ett.. dister langt without damage
Coltulu ↑ mon braane" orespective of the differentiat
juvshutter range of the intend
valve in sing de 1. bestown
! : נין
Futerk, »a em'aille dit
to any bread patt
A
ferent
rachure that mee
Fle K
..
sformat oneplex.
11
The
19 - Fala
h
ws the cotxeying beltows tvennt to
The instrument -dex mechanism
is leakage fee and requles titi luktet. beng vetnally frutjofiles In the Ne of the destrufen,
of suck: machines would be very bigh
they could be made by the State and installe A
legal pertafle Information venire linked telepr.tr/tex Parkumen prusepad counts and the Shaffe ministries China Moit Sporta
Propositions Proved
tay
#210
On Electronic Machine
A
only the bellows extinty are exposed in the inceted lazar. nd the wat is funebre KATEG pletely if drasting or venting, It wout porkets fa trap coli- densates and sediment formo- tum, and his no small tubos or
restriction to Hitel ferr
this function. Geoge, Kent LM. Luton, 21edforashire, Eng-
METHOD - for proving lund
theoretical propositions by means of electronic data-
machines processing
has DEVICE PREVENTS
bean worked out by a group of Swedish scientists.
1 19 claimed to be the Bist
Eueerssful steigt
mechanically ach
14 intellectual
work as sufferently advanced
16 substantiate evidence 445
mathematis
sciences:
and ets
JOINTS SLIPPING
NEW securing device to
of slipping prevent
Shant
Koverte
Real Problem
Ane Exart noted that the val problem of fiscal inflation in tret 12-billion Federal detic, but me question of whether adethi od that alar wilt give the
Here in priers and |und, that the following your the dedent will be 18 billion or 20 billets However, that expert terkers op that a slackening in the upward waxe sparni, plus w tament procinctivity, will resnit dadivel rather thats t
increased a stationary wige inflation and that there will be Po strutway ruthetiora wa Une anal
Tw MEN
The pattern of wage selties | ments reached by the auto com- ponies, a pattern which sets the pice for most of the anlon begotiations, apparently slowed
wers
1970
23.09
170
1775 2008
3000
170
723
20 1200 13 13
300 93 50 JOD N DO
10 10
2023 20
100 2.50
The recession may in the long Light XD 18 NoG run prove to have been bless-Electric Samme of the extra spending ing.
for it brought a pause to be made out of savinga,
American industry and remind- nnual at a high
cronomic ed management that rate of 22 billion in this year's
of plants is still an This retucted important Dart of profilable third quarter
the busines
Efficiency has been lingering uncertainty over recession, but optimism has re-improved in
Industries. IM most areas and capital spending has been parrd caution law, and the consumer is ex-| geared to better machines and INDUSTRIALS
better uiflisation rather than to Ligger plants.
CITY, LIGHTS
"Don't tell me the chew- Ing gum on my chair is to wal! Street influence! "
the
London KAD!= AÐ ART
waze price spiral Wage pressures anvy been casex, and inflation is not a present threat,pected to spend heavily during
the current Christmas season
most
$3.50
1000 et 13 D
909 24 00 #00w 24v
600 23
Industrials
For the industrials, the mark"t was up Monday, Wednesday and Thursday and down Tueday and Fœday.
Ralls rose Monday at Friday und lost the other three
days.
.. (841)
1330 13 34
1700 251
220 19 18 04:
1846
13 M
24 20
1-45
26 10
1000
24 20
800
24 3+
.. (2:41
710
745
30
130 1300 135
1904
740
werk
Cemer
STORES, ETC Dary Watson It will be
Important in the
Wing On next two years that the U.S.
(HC) the lessons COTTONS
economy remember
ZU
14
18 y 23 IN
13.10 13.20
13
100 84
120 240
33150
100 #
#20
INVESTMENTS
it learned in the comparatively | Nanyang short but shurp 1057-58 recession.-U.P.I.
K&F
Mives!
лета
Brokers said the behaviour of the market was favourable. They held that the reduced volume un¢{ The crow ketuntion
the list preparing another attempt si penetrating the market highs.
for
models because the leading motors were barely able to hold their own.
Leadership in most sesslope contred on the low priced stocks and the issues which are Ires recognised for løp rank.
Metals were hard hit beentie of another weck of softening copper prices here und abroad.
Tyres did well, notably Good-
which closed year
the week with a gain of 2% points. Tyre reports showed a sharp rise in replacement dezound and brought predictions of an anticipated gain for the whole industry next year.
Zenith Radio was
a standoui with a gain of 21 1⁄2 points on the week, Radio Corp. netted 4 points.
Eased Slightly
الخضار
FOKEE
This was
a week of little arket inventive for either a rise or a decline. Business news was
Kennecoll Copper iscovering from the small sei. back in the previous week which points and Anaconda was down was cut short by the Thanksgiv3% pelats. Bethlehem Steel and whlie U.S. Steel cased slightly ing Day holiday.
National Steel rose 21⁄2 points and Republic galued u point.
COTTON FUTURES
HAVE BIG SETBACK
New York, Dec. 7.
Cotton futures this week suffered the widest setback of the
year in the heaviest trading in months.
At Friday's
રી
close
the list
than the
And in the long-term picture, and all through 1069. There ruled 20 to 148 points-$1.00 Lo
population of could be as much as an extra 27.40 bale-Lower the ever-rising America may propel the country billion spont In 1959, which preceding week. into is f lengthy period of would be one per cent of annual
retail anies.
Parly thir year
there were
Old crop deliveries became the largot for persistent selling. Indieauve of this spurt is the New crop months drifted lower bu* de Mines car sales have sym sthetically,
with trading between were United
relatively quiet.
"ext"toper joints that hold grind. Just over 50 million households fact
iL
む the US
that new
substantially jumped 38 per cent ing wheel bosses on machine higher dgure than had been ex-November 11 and November 20,
A lape with a cone containing spindles has
boon develop-pected The growth has been at up to a daily rate of 10.190
O anal rule of about 800,000 units
3'1 since 1955.
the proposition lo qu provett added by the SKF Company.
The given asom for the theoIPA
tr
IB
The
ferd Questrom Is
Working 17
then marine
11174
machine. progranite the
prints the demonstration opt other tape Ang proposition a toglead of sequence which is of given kans
10 prin- ciple, be demonte fed in this way.
THE METHOD
The method, whica leuks. 14- soll to consules afilar Ink Cre ment, has been developed and AL- Swed adapted for thr vidaberg Company's Facis EOB data-processing machine
14 4 chopped to be of simple p daikh, mexpensive and sulubie (nt Viriety of applications.
The device consists of a
hastog projefting segments which engagée with Paris at the stust end of the spindle ages.
Thu
Expiring
December de-
The expiring
Arrangement Needed To Dispose Of Commonwealth Surplus
Melbourne, Dec. 7.
Even higher figures are and will expected for December The laget euch you from now on: the huge "haly crop" of the
key to the situation up- Inire deale just-war years. I lie nibre eliciency and
and to get livery showet the widest al Canadian Prime Minister John Diefenbaker on reselies an uge where 21 can mure productivity.
'thut, il has been suggested, the →148 points. Circulation of de- trike but on its own
1.S shole!
Tato more livery notices brought recurring competition" io furries of liquidation in face of In 1958, 23 million Americans "constructive
a disinterested trade demand. will resul: the age of 18
13y kays
The American business- A light angles to these pro
contracts will go off 1961 there will be 29 mitton man and industrialisi
on his December tions the coupling-washer has
Utsal
៥ ម្ដង. gexually reuchtung
lovs To get this "constructive the board on Thursday. ta fals which fit between two Many of them will bo Job-competion," i was proposed, soniiarly projecting segments on hunters And stories in 1963 the tariffs should be lowered to The boss of the grinding wheel.
and 1964, there will be a huge allow more foreign trade. of the smooth faces
dra Me amber junt components can easily Ex kept riean and the symmetries
Gestan ehruzales out-93-balance, Benlane of the angular sein- between the coupling the
self-
NI
T
Bristup
Ugning
Where
18
Mesars Dag Pruwitz, Hakun¦ so fares
"fbus there Prawitz and Meri Voghet
It is based on recent vity. need for a high degice of pre- irlbutions in the field of precision in manufacture as in the case of convenitonni keyed taper SUR joints
:
Acute tas, including a doctenal thesis presented by Kanger of the Stockholm Und versity.
Simpler
complex Jogical principies have preed u08- ly been mengseri meu natateaily. bath in Sweden and wakazesad.
SPEED-REDUCTION
PULLEYS
inarriages, for
of
show Well-Organised
statistics that the avenge age of the bride today is 19, of the groom 21
Square Envelopes Create A Problem
U.S Fil
London.
of
New Homes
with
And
Saturday called on Commonwealth nations to enter into "reasonable arrangements" where- by no member nation would dispose of surplus products to the disadvantage of others.
112
major Australian Молу Commonwealth - na- speech, the world louring tions, particularly Canada and Part of this selling Canadian leader told a business-Australia.
were faced with the Common-problem of disposing of agricul- straddle position against Liver-wealth trade must be governedtural and primary product sur-
Weakness in the suceeding foreign March and May with connections
was presumed
pool purchases.
1058.
" br on
scane
BORTY
*
increased?
his
men's luncheon that
by the altitude that "the wel- fare" of each of us is the rea-
ponsibility of all of us."
pluses, Diefenbaker said. The best and only way to solve the problem wns through mutual agreement.
The
SCRAP IRON Commonwealth
MUST EXPAND
saidi Canadian leader
members 'must expand trade both within and sentimental grounds, only on but also because we must face a tremendoua expansive munist offensive,”
Eastman Kodak lost more then two points and Du Pont a point. American Tobaren gained "more than two plasts. In the rails. Atlantic Coast Lines rosc more than a point and Southern Rail- way a point, while New York Central lost mire than a point. Cleveland Electrie Illuminating rese three in the utility section.
Market men belleved that the weck may have brought ball AST of tax Boiling. They believed that most of this type of liquidations out of the vay and hence no longer a drag on the market.
Given an incmitive, the market could well set out on a year-end rally, the experts felt. Not a few of thom estimated that any fur- ther tax selling would be carried over into January February-U. P. I.
Free World Petroleum Industry
10
New York, Dec. 7. The free world petroleum industry will have to spend $140 billion on expansion in the next decade--about twige, what was sport in the past decade to meet growth in demand, the Chase Manhattan Bank foracast yesterday.
from AND STEEL outside the Commonwealth "not the US. coupled with relatively
"ChristernS
Plummeted
#
INDUSTRY
But the bank shid a fasier growth In demand outside
exploratory more. atractiva prospects indicatee expenditures rise more than abroad, may Com-
twice as fast as in the U.S.
of
hla tour Throughout Southeast Asia, he aid he had
In the second in a projected
entitled seen
of booklete Comraunirts no longer scrips building on direct aggression, but
"future growth of the world petroleum industry," the Clare offensive, "the mac-
forecast that energy use in tha US in 1987 will be about 81 per cent more than In 1987,
"O may be expected to
coas of which is meantred not by export balance, but in minds won.
Diefenbaker
Such a policy is unly, the realist admit The Lobolcs
Other ulerings
al- were well-organised, tributed to hedging against bry strong
in- and arly more major tarif ureased offerings of "free" cotton
are not in hebt. reductions
in commercial channels. Despite Already the U.S. is a high-cost the heavy rate of loan There will be milions of new rennomy relative to other coun- poundings, homes needed, with
thetries, and increased U.S. lavest- offerings were reported, some of durable goods demanded by the ment abroad has been greatly it supposedly modern household. and so the accentuated sty the steady und wanting will zoom into the herald generally unilateral reduction money:" "market of the sixties."
There 1948 in lociffa. since Perhaps the greatest boom in the nircudy has beers a charp rise in with 'pro- nation's history.
imporla competitive ducts of the U.S. economy
Washington, Doc. 7.. Thus, if there is no runaway
Overall, there seem to bet
Spot. December plummeted to Representatives of the scrap In the next two orm optimism. Inflation
· Sald David three years the short-term ul Wright, Professor of Economics 34.29 cunts a pour the lowest iron and steel industry on a trade QUARE envelopes are the the experts" opinion-there may nt McGill University:
for that delivery since last Jan.
conferred with govern only source
head-never be serious inflation.
3, and 324 points, or $10.20 The
mont_officials today on "It is quite possible we could bale below the sonson's high of aches for "ALF" (automatic nation's productivity seems cap-
of expanding
the have a collagee of the stock of 37.48 conts, registered Mar 9, possible government action able
said that lotter facer}, • now post
and not havo #
to help the industry, every Commonwealth country, {PEED-REDUC"PION pulleys,
electronic office
expected huge new demands, and bond market device
Employment is set depression. LOTCO labour the
Vetla each capable of giving two which forte
there was one basic realisation Capture 48 per cent of the investment Foreign selling was attributed
market, onvalopes the adequate.
baby real Industrial
Myron Chase
equal There should
of New York, each was grateful for, being | anergy different Apeeds Ani
consumer purchases. to the wide distortion between President of the Insitute of outside the Iron Curtain
barrels reverse
and 15,400,000
day, movement, willi
of right way up ond franks enough goods to meet the big and real
This general axmapilon is that domestic prices for pw cotton scrap iron and steel, told intended to stay there,
against 8,817,000: În - 1987," the precision and control claimed them.
collapse will shake and prices as Liverpool and the officials of the a market
Office of CIVIL
"That is one of the most im- Bank sald-U.P.I. have been previously
S. Holmes,
confiderico and
Barogeon force, dicon- continent.
prices and Brigaller
Defence Mobiileation
10. ablainable on elmllar equipment, Director of Mechanisation,
linuance of real Investment figured to be between 10 and 11 (OCDM) that males of scrap in portant factors binding u being manufactured in General Post Office, told
plans. But it could happen centa under American vaka the Arat eight months of 1958 ether," he said,
he Trade must be expanded, Britain.
Omer Management Association
that people will any on, that's Siraddiers reportedly felt the toppled 80 per cent below the
said, "not only for ourselven Barkully designed ou the pun in London that "Alf" searched
Just a market · bubbis and if abnormal difference could not 1857 rate.
but also for countries living tar= pėsi planét gear systém the for the long edge of an envelope
cost-price relations are favour-photo and that, a rewa1⁄2-LINE- In a memo left with the OCDM der conditions which should not puilleys are available in a range and then found a graphite Hie
able in industry and consumer ment would be logical-melais Chabe gald the industry exist. The large differences DESTINE 21
#peed reduction on the back of the slamp by
Paris, Dec. 7 spending keeps up, the real
WAS discouraged And dis the prosperity of nations pro- rajos, tisme are trom 2.79:1 to means of a high voliage current,
The Bank of France statement Investirent plans may be carried
heurtered in View of laxvided "Incubation 37811 in esos where the drivm "There is coming into vao into for the work ended Nov, 27, through,"
sales and heavy investments in the reverse the post rather to an alarming reads as follows: schaft rotates in
That being to bays bem the
scrap-processing equipment, direction the range in from 1.78: extent there equate envelopes,
Prior to the meeting, Chase; and the macbine has a devil di
Franc
Babhangs took
tbid, nawatomi ise would make no 247353451 York Block Marketed under The Fame a job finding the long edge, ho Total gold BofALGER
6311,440063 Kivarę drop, H “was gonerstly¦| Business was done in the local appelno request for government Andahimx,
.pulleys are said.
se simply an expeétacunomo
** aid. He said he wanted only to *nousted directly OT to the
"We shall want you to steer
discuss what the government share thereby saving space and clear of aquaere envejapon. This Ayador in Stabilisa
az might be able to do. Fulminating the need for an or- is something we are talking bver
-
1 to 272:12
the
# degree
K.
Hear box. They are made with the envelope manufacture
4
Bank Of France Statemen't
A Furnival and Com- [and li is a proiden...we have gi
kohëshire, Loflanici.
Blockport,
Special.
Bghi bajerice "abroad
out Chin Current seenunta
deporte lask
be
14,128,900,000
J
case last week when the New Exchange Rates
sxemande
restart there was no parte,/rooming at the following radguine
reto no shaking of real investment, un dejur. (per 11) dum
market begin to pigaling natura and sooit the 6200 recovyd Ha Touran,
י,
culty"-U.P.1.
Art
foc
dim-
Agreed Merchant Rates
Q
Bank Of England Statement
to
London, Dec. 1, The Bank of England state. mant for the week ended Dec. 3, reads we follow
in sirgulation
Bwiss Francs Maxifiam Bell- | Private depowiła pipirukat, nisan (41) 310 that one crure of welion might In 7546 West German Deuts mbe • pikate Langbucket(mola", en febematka- Mpiimaan. Gelling,
71-15/10/ **** foralen Iron ore,mUPI.
En find analytis, the diamond odoranlar elpuhkiper 108) *** al insation • depend upon the Dima, Linnán ismet: 176) mar