Page
SCIENCE AND
ENGINEERING
The 'Goliath' at Hinkley Point,
WORLD'S BIGGEST CRANE HELPS BUILD BRITAIN'S NUCLEAR POWER STATION
DESIGNED and built to cope with nuclear age constructional tasks the world's biggest travel- ling crane has come into operation at the largest nuclear power station in the world now being built at Hinkley Point in Somerset,
This "Goliath" eranc, moving on rulls, can travel the entire length of the site for a distance
With of 500 yards.
a span of 230 ft. between its two legs und 240 ft. In height, the crane can over the power station pass buildings.. Able to raise londs of. 400 tons at a rate of four fect
minute, Goliath is employed
to lift major unity of equipment such as steam-raising units and reactor pressure vessels which have ...been fabricated or
assembled on other parts of the site.
LIFTING FEATS
Passenger Lifts
For Small Homes
A claimed to be a new PASSENGER 11ft -
conception in the design of lifte is boing produced by g north of England firm. has boon produced to cater For the needs of amall hoteli,
flats, offices and privatö homos.
The firm says that the Incor poration of well-known prin-
cicles, plus the introduction of a
number of novel features and the standardisation of certain measurements enables the lift lo be produced and Installed at a price far below the traditional type.
Product of the engineering firm of Babcock and Wilcox Limited, who with English Electric and Taylor Woodrow Limited were given a contract 20 months ago to erect the first five hundred inegawatt nuclear power station for the Central Electricity Generating Board, "Goliath,"
straddles the reactor bytidings, cun perform
fting fonts in three hours The litt is supported on one which would take three węclu | will, therefore eliminating the by ordinary lever and hoist necessity of an expensive brick methodu.
shaft and molur room. All that is required is a simple enclosure. Altogether Hinkley Point nuclear power station wil cost Pre-locking, electro-mechani- cal magnelle doors ensure that £60 million and is scheduled to come into full operation in 1982, the 1 cannot be operated un- Already the main biological less the donra are positively shield for arst, teactor 100 closed. Capacity is three persons high is completed and shields and the car is of steel panelled ined with Vinyl for the second reactor are sub-construction
{Pickerings stantially complete, Foundations pinslie.
Limited,
for the main pumping house and Globe Elevator Works, Stuckklan turbine hall have been laid and on-Tees, England.]
n start made on steel work for
the turbine hall.
Another achievement has been the installation 2,000 feel
shore in the Bristol Channel of n couling wator intake calsson through, which seawater pass Into the statlon at a ralo of 35 millon gullens hourly. The entire site covers 1:40 neres and includes reserve area for a
a later date.
similar nuclear power station at
Neo-Georgian Style
THE CHINA · MAIL MONDAY, JULY 20, 1959.
Pago D
Weekly Survey Of The American Economy
STEEL STRIKE EFFECTS
MAY EVEN REVERSE
UPWARD
CLIMB
New York, July 19.
The U.S. was hit by a steel strike last week-the third in seven years which at best will have a mild, effect in the economy but could, mean a serious step backward, depending on its length:
wages for the halt million falo steel-workers: $70,000,000,
Estimated wookly loss in pró- diétion: $300,000,000,,
Although the steel industry represents only some five per eent of the nation's total econd- mic effort, its prolonged stand-¡ still and "ike creeping paralysis
The issue an before: dis spreading to other closely re- agreement on what, constitutes laled Industries were almost an Inflationary wage demand. certain to stop, and even re The Industry claims an alleged verse,
climbing 25 conts an hour, roles asked by upward curve of reonomic indicators the Unlon would bring on an Inflationary price boost affect- over the booming first half 1952,
ing the whole coconomy. The union claims all It wants is 15 cents an hour which can easily be absorbed by management profits.
the
Stocks
of
Govt Plan
waa
HONGKONG Industrials Suffer Worst
STOCK EXCHANGE
Qui Own Correspondent
Business Jone on the Itong-
Stock
this kong
Exchine one morning amounted to approxi- mately $800,000. Noon quote- tions, and the morning's trans- tellons:
Thin, the the strike taried. Ameilean Steel Warehouse Association claimed, million tons. higher than, at the beginning of 1958. Steady ris- ing extes during the first half of warehouse In- 1959 prevented ventory expansion beyond 10 per cent, the Association said.
Foreign Imports
(1948)
Bhares Bayers Seller Bates GÖVT. LOANS 31***
0 1500001 DANKS
10 945
Ik Dank.. East Asla
D-1234 050
..
The first protest agaitist, steel INSURANCES Imports came from a Houston, Union Texas, steel plant, sales manager Lombard after 21,800 tons of Belgian, and sitPPING Japanese steel reached here on Waterboat..
Wheelock the first day of the strik
Dock
Shakeout
Since Sterling Crisis
London, July 19. Industrial shares have suffered a shakeout last week which has been the worst for share prices since. September 1957 at the time of the sterling crisis and the hiking of the bank rate to seven per
>
cent.
Fears of a general election | business contracted sharply and war the chief cause for the fall the small selling, dried up and in industrial equities but end- prices edged higher. The Finon- pečount prunt-taking on Tuca-cial Times Industrial index had day and renotion to. Wall Street | its..., Brat rise of the week on 103 3645 were contributory cautre that day with, à 1.0 1 to 232.6
Buyers stayed out of the mag- having fallen 11.1 points to ket in Ondustrial shores, v230.4 before Friday's recovery. 835 845 2500 4.40 Friday which meant there were the Index still shows for the
week a drop of 0.2.
3000 or 0.45 2000 8.40 nal chouch,investors to mop up 1000 * 6.45 | the steady flow of selling. 3000 0.40
143
432 12.30 12.80
000 62 439 3234 2030 + 324
1000 20.10 4000
312 or 30
2020 30
1000 + 30*
44
10.30
At mid-week, with the strike only two days old, Pennsylvania Railroad already furloughed more than 4,000 workers and s small Canadian metalworking plant in Ontario stopped pro- duetfon-to núme only Two The government wil not use Ho charged European and Instances of what will develop | the Taft-Hartley Law 10-day Japanese stechmakers were tryi into a pattern as the strike Court Injunction stopping the ing to take over the market pockS, ETC. drags on over a few weeks.
walkout until the siluation during the strike and at a fat K. Whiết .. roaches emergency proportions, price loo, Ile charged that provident But already there is talk in inst Wednesday the price of Taikou Washington of, a priority plan foreign steel jumped by six LAND, ETC. Steel-using industries, with that would channel available to nine dollars. He also said HK Hotel .. 20.10 20.20 an. cntimated 20,000,000 10, 21,- stipplies for, defence and utomle the five ship-leads in Houston 950,000 tons of sirel in stocks query purposes should, the totalling over 21,040 tond--in HK Lan or in the pipelines of trans- | first signs of shortages appear.. one day compared with dally portation and warehouses, were Last week, the last full week average of about 3,000 tons, Im Humphreys confident they had enough to of steel production; the mille ported through Houston during RUBLET
for two, three operated at 10,2 por cent of the first quarter of 1950. keep colg months. Even Delrolt, claimed ¦ qapacity, turning out 2,232,000 It can start is 1980 model pro- lens, This was 37,000 tons But one timing of the effival duction at mid-September with above, the July 4 Independence of the shipment was obviously sicel stocks at. hand,
Dny week but far below pre-a coincidence. Experts Pointed Au in the previous twa ylous weeks levels. For this out it takes about two months
week, the sizikes, the longest one on re- past,
fndustry to deliver an order
Europe
and cord, lasting 58 days in 1952, schedulod an 82.8 per cent out from and the shotler Så-day atrlice put of, 2,344,000 tons but did more from Japan. in 1850, the biggest loser may not even get a decent start be the government in reduced it.
and corperation earnings workers income taxes. But a lot of other people will lose fore the government does.
Estlinated weekly loss
on
Steci, warehouse inventories—
Itbalty
1.1.25 1,03
2.00
Hedging
Sleet shares, have been least
On the other hand clll-edged had a very good werk with medium and long-dated Inzues affected and it is believed that in particular demand, Short-Jarge investors have been buy- dated Issues ve not done so fng these and hedging with U.S. well. In ad on to the in- [Treasury, bills on, fears · of: vestment de ind In govern nearby, general
election The ment securllies there has also speculative issues,
particularly been a certain amount of in property shares have been switching. High coupon the worst hit this past week but dominion and colonial stocks losses have also been in demand.
Profit-taking 2.00 10000 # 2,025
3.05 3% 5000 4 3.70
In foreign bonds there was speculative demand in Greek, Japanese and Romanian Issues 115 114 100113 carly in the week which turned 10.30 to profit-taking later and 28.40
although the 262 general losses,
demand for Japanese continued
18.30 101⁄2 2000
Amalg
Trust
UTILITIES
r
29.43 201
C. Ligt
of aleel postibly
aumall Electric
Mação E. Tel.
Star Ferry".
120
+
22.10 20.60 1000
1000
9.00
20 20.10
1200 20.10
INDUSTRIALA Cement
I.
36 2300 3444 245
17 17.20
15 14.30 18.10 10.30
Car Industry
are
almost universal, effecting all sections of the in |dustrial market.
The world prites for petro- Icum produc's have tollen this week to points lower than they were a year ago and this bag further unsettled the market in oil shares and it has been very irregular all week, Local sup
A
and they remained firmer, part on Friday introduced
A tenture of the week has slightly firmer tone. been the riso In the premium
Despite the publication of the which British investors must quarterly reports the ' kaffir pay for dollar stocks to 14 per | market has been quiet with in-
Trans- 950 17.10 cent. This move into
terest centred elsewhere. Most 900 er 17.10 Atlantic stocks has been largely issues closed the week firm, not 100 e 15.19 caused by election fears, that if only luftuenced by other mar- 700 ir 10.03
a Labour government were re- | kels bui also because investors turned to power the premium had had me to digest the more would rise slurply.
favourable quarterlies. --
Rubbers have lended to drift, UPI.
0,20 0:30 2100 61% ..1080
meaning steel stored for the of the adulated Industries Me be-e, of customers but not yet in, that would suffer most from the STORES, ETC.
their bonds were at a record strike, car
makers in Detroit Dairy in level of 3.7 million tons whien werD confident they would Watson
schedule L. Craw meet their July already.roduced by model COTTONS efiangcover-and embark on the Textile XD 1800 ibdel production, despito Nanjang the strike. The can News MISCELLANEOUS Magazinu, sala, car and truck Vibro output, this past week was INVESTMENTS estimated at 155,643 unila, com pared with, 148,770 Inst week ond, 101,000 in the same week a year ago.
EUROPE RECOVERS FROM BACKLASH OF US. RECESSION
Geneva, July 19.
The railroad and trucking industries will probably suffer mest and right away. Porn sylvania already furloughed
work.
Int. Inuret.
Allied XD ..
15
0.40
430 B000 4.00
vest Bonus 18.70 HK & FE
1170 G 10c
HK & FE In-
Invest Ris 85C
thi
more than 6,000 and Thousands Exchange Rates Western Europe, recovering from the backlash were expected to be laid off all
Burine was done in local of the U.S. recession, should continue its slower the eastern US. rail net
ninrket During the five-week unofficial exchange economic expansion in 1959; the United Nations 1956 strike, carloadings dropped morning at the following rates: Econonile Commission for Europe predicted by 800,000 which means that u.3. dollars (per #1),
some 100,000 cats were idle Bierling notes (per £1) last week.
and railroads, lost $40, mjilion Australian notes (per n
Indianezian Tobiah (per 100) a weelc In gross revenues-lam ticals (per 1001
[Straile) UPI.
Singapore
An ECE report said that if all suggested price reduction or goes well the rate of growth of governmental Anancial induce- ghum national product for ments to "consumer, of com, western Europe will reach | modities with an important et rather more than, three per cent content, such as steel-tón- in 1959, compared with two per crease their stocks of such eam- cent in 1958.
modities"
Lighter, Cheaper, More inforced no that a revival
Flexible Fire Hose
Building In Aluminium claimed
of
EXPANDING
The report said it expand- ing forces, already present in the second, halt of last year, are in
Western Europe's imports frum general being gridtunity T
North America, the 17 nation economic activity appear to bet the organisation for European
Economic Co-operation, dolinitely underway.”
Latini, America were lower in 1958 thrm In 1957.
Exports to North America re
öfter expiuiding
RAPID RATES
nu
the
JAPANESE CAR
Felatively rapid rates, of ex-sunod FIRE FIGHTING in many
pansion were foreseen for Westmoderate pot back of the first half Barts of the world is Germany, Denmark, ay, Hol- of 1958 with Aret quarter guyes helped by a firm in Northland, Finland, Grecet, Spain and of 1939 running almost 25 per cent, above the same period Insi East England who specialise Yugoslavia. in industrial hose, and indus- western
Other Indiastelui antions of year,
Europe will enjoy, a Cars and machinery continued trial rubber products.
more moderate rate of growth, to account for most of the in- Her rafes of expansion in orense, the report noted.-UPI, They are now producing a Britpini, ind West Germany new type of fire hose which is should tend to strengthen the to bo a better yet fores of recovery in smaller cheaper product. It is said to be wentarni European countries," NEW office building material, lighter, move flexible, stronger than conventional bose
the report said.
The report's moderate optim- Aluminium Canada and with greater resistance tom, was strengthened by "House, recently completed abrasion,--
-western-European-foreign¬CX~~~ The firm are also manufactur-change reserves and a general
price stability, Ing conveyor belling in PVC which is fameproof and is made The seven-Elerey building is to the exacting standards of the under long lease to Aluminium Britisti cool mining industry. It (Canada) Limited, London coris Ling introduced to Poland, respondent of the Aluminium Folglum and Germany. Limited Group of Companies, The choice of aluminium is used for some noteworthy details,
Exterior syidence of the use
in London, is neo-Georgian In öppääränco.
INDICATIONS
solid
Industrial production, although
A HIT AT CHICAGO FAIR
Industrial markets were dull, all week until Friday when the
Wall Stocks Ön Steel
Street Decline
Strike
London, July 19.
Stocks declined on reduced volume wher half a million steel workers went on strike during the past week.
NY Cotton Futures Irregularly Higher
New York, July 19.
Cotton futures moved through an irregularly higher and quiet week, with near months showing some strength and far positions in a slight down- ward adjustment.
futures At Friday's Anish were 24 points higher to four lower or up $1.20 to off 20 centis) Only five notices were, issued and the small amount of cotton tendered dropped open interest in New York futures to a record Inw, reflecting government's tight control over, cotton mer- chandising which has left very little free cotton available.
Low Prices
the mis to
Japanese Textile Exports To Canada To Be Under Quota
The
The decline ran up to more than five points in some instances reflected desire to lake profits. The sellers selged upon the stext situation to un- load some of their holdings.
Contrary to the usual prace- dure in the stock market nut lo sell on strike news, the steels were depressed clong with oiber, sertions. Their losses ranged to three points.
Business News
Business news aside from the strikke situation was favourablo, Declines
were noted in cor
·loadings and truck movement. Before
the steel action, the government agencies reported a new record high in employment · in June and a new high là pro- duction for the nation · 03 a while.
The one factor in favour of the bulls was that volume fell of sharply as prices declined. Sales for the week totalled $5,057,800 stares, or an average of 3,111,570 shares.
Weakness in railroad shares stood out.
The automobile industry con- tinued active and its output for the week showed a small gain.
However, selling went anced in. up where losses ranged to
snore than three points in Ford
Of the 1,407 Jesues traded, 505
advanced, 280 declined, and 122
Ottawa, July 19, Late Friday, however, the Chicago, July 19. Senate passed and went on to Canadian and Japanese governments bre con- Houso a bill permitting tinuing discussions on steps to keep the flow no higher in the first quarter Foreign car dealers expressed tho this year. th in 1850, is now satisfaction with the re-sales of some government ept-
of Japanese textiles into Canada on qn and Chrysler. domestic mills at low edging forward und "iluro are
"örtlerly" Bdsts, Finance Minister Donald sults of the International to to About 75 per cent of the firm's iniicaillons of an even
prices, ababling products are exported for use la pronounced nul widespread, up-
Trade Falf today as the fair better compete with foreign
Fleming sald last Saturday.. the marine, ell and mining In- | turn," the report noted.
It made
ndardd the end of its two-production. Agriculture, Secro- of, aluminiun i bo seen in the dustries as well as for fire-
Inry Benson opposes the bill these olier points:
week,stand. windows ini, ta, the passer-by fighting. [F. Reddaway and Co.
The Japanese entry, the
polilient scène On the the most striking example of the Lid.. St Anthony's, Newcostio use of alumillum is the massive upon Tyne, England), main doors, which Bro faceti
with tin-anodised aluminlüm shoot.. Euch feat bears eight rectangular panels,
The two passenger lifts at the entrance hell are
Large Sheet Saw
Soro
Hel
The Minister haledted that if House, over the fine or the decisions and as yet been made domestic boxile industry and the and requlutions to be imposed by Lionel Chevrier” pointed out Cobalancoltona
held unchanged.". A total of 131 set new highs while, 74 mede new lows the decline, for the weeks reduced the value of all
West Germany, Italy, Den-Torpey, is the only foran ferman Taimado callit for tri- on the size and type at quotas government's attitude,"pward It. issues by $3,000,000,000.--UPI.
who
Bank Of England Statement
mark; Holland, Switzerland economy car at the fair. It and Ireland are enjorier coats alx comfortably. Orders mediate action lo, shield 15 the Japanese government on ex-that wo moderate Induirizial öxpan- pre, on the Booits for til, said cutton Towers and manife ports of sun rayon and other mile, platingt Hamilton, Ontario, and Cornwall, Ontario, O. D. Lee of the Toyota Conturers from the competition of textile clothing products
Imported cloths and clothing.
Japon had decided on June 10 were closin down, leaving ★ There are "indicatlats" of pony the manufacturers
npittra in Britain. Introduced the var into the The U. S, Thrift Commission not fa issue any more export some 2,000 men without work
permits to Chanda to pozzl Fidanland Väld, JE Bros & falX (1) reart of the
Sweden, Norway, Finland United States,
decided agalhe, recordmending finished entirely in aluminium A LARGE sheet saw designed
and, Belgium. to meet the special demande and the main slabirense in the
The cheapest truck exhibited cut in import quotas for negotiations to each some final soite exile mbi act, sunwil arrangements on - tlló aliätter, from doctuha produclibri, Đ
London, July 19- Austria; and: France are at the fair also comes from long, steple cation building makes use of a blend of of the building, and constrisce
Fleming sal
the came tase, however other The Bank of England state- fional trades, in providing
about to enjoy an uziasm Japan. It is the Dilhalau Trimo- anishes
were bocating their output, ment for the week ended Juy ORDERLY BASIS The Commodity Credit Corp. to pill Industrial-antput out baile-a threewheeled lily.
15, reads follows:
The balustrade his
が
handrail means of gutting the insulation
of anodised aluminium extruded | lining and many other sheel
Boction, the standarda
of their levelled-alt, poél-hküler which sells for $985, wal opers Bld of July 27 fok
1. clear that before this a Hon. are materials used in the construc-
Tro director of the atheist the 1907 af prior season's netion was inkers the flow of The Conservative government. constructed in cellulosed. mild lon of walls, ceilings, roots, And Industrial aptivity in exhibit, said he had had over lock or tutioty but bekinjitak ppanese textiles, trip this one had donerent deal for the Hole in irqulation
business-August 10 it will include some try when not on all orderly Busis," toxtle kränkey, Flaked Prep Sporty southerii Kurópa “mátníšips |600, Inquiries, from with alumintim floors and other surfacos, haz
If the fortiter Latzera! OVERTIN steel rod
introduced in Britain. ferrules, every ninth standard | been
This Mkikstore being of aluminium and thy log Hames Nell and Company Touching on the problem of 69 mitsa per gallon and her Beit: proculed and cotalogued, and lotion rails are of cellulosed (Sheffield) Ltd., Shefeld 11, large coal stocker in Western three forward speeds and a re- Bales are expected to be fairly the Japanee probleme met off he chumendi kome at the graderi
[short but sharp exchange in the probleme might not extr Bogland.).
| heavy-UPI Europe, the: report / cautiously › verse---UPI Dat steel bar.
Amarelatively, rápid growiti.” 'men dböüt Qie, irück, whichi deis f-1088 - Jöhzi tugattórf •, whileht - hãi hé àaqbil chinicht... do i mohl Jand-takeri- mABILAH KRIS