Page
SCIENCE. JA
THE CHINA MAIL, MONDAY, NOVEMBER 2, 1959.
Weekly Survey Of American Economy
Pago 9
NGINEERING EFFECT OF STEEL STRIKE
Gamma Rays Used To Sterilise Packaged Goods
AUTOMATIC sterilisation of packaged goods by gamma rays, without the packages having first to be opened, is an industrial possibility of the near future.
Research Britain's Atomic | treatment of imported fibres in Energy Authority into the
order to eliminate onthrax.
of intense radiniion for Indus- trial purposes on a big seale bas led to a pilot plant being built, which will come into operation by the end of the year. It is expected to be the fat of ils kind and size in the world.
Work has been going on for some years on the possible user of the large quantities of radio- active material which will res sult from the nuclear power pro-, gramme and the new plant will be of great help to firms already investigating the commercial pow tentiaillies
Irradiated of materials.
When the plant is completed | it will be possible to carry out fullscale trial runs of Irradia
į
intact and would merely "bombarded" with gamma rays.
There will be many applica- tions of the new system and it is understood that one of the aims is to make possible the automalle sterilization of pack- aged goods on a mass conveyor belt plant. Once the packaged goods have been sterilised, they will remain so until operind LPS.
Losses Termed As
'Minor Recession'
New York, Nov. 1.
Losses to American economy from the 16-week old staal strike were for the first time last week classified as a “minor re- cession" as further third quarter earnings reports bore out its crippling nationwide effact.
After playing with words for weeks, Fortune Magazine which can be con- the sidered the official spokesman for American business, termed strike and its aftermath "a minor recession of about a fourth the duration and cost in output of the recession of 1957-58.”
port
the
spelled new kitsen,
Metal Industry The metal industry's plight despite the steel union's contract with Kaiser and another small producer-was compounded this past week by the shutdown
major producer of
HONGKONG Japan And HK
STOCK EXCHANGE
b.
Our Own Corrs woondent
Business done at the Honz- kong Stock Exchange this morning arounted to approxi- mately $187,000. Noon qucia- tions and the morning's trans- actions:
shares
Buyers Bulleru
1010 1020 ..
Taking Over
Fabric Market
Washington, Nov. 1. Japan has steadily gained over European coun- tries as a supplier of fabrics and apparel to the United States during the past five years, according to a commerce Department statisti- cal analysis issued today.
20 1025
10 1010
of
BANKS
K Esak
INSURANCES Union XD.. 8415 80% SHIPPING Wheelock .. 0.40 8.00 2000 6 BS DOCKS, ETC. Dock
K. Whart
114
of
Provident
67 141
LAND, ETC.
1K Land..
30%
200 31
blouses,
üled
Japan is how the first foreign ; from 386,000 pounds in 1994 to source of United States Imports 5,177,000 in 1958,
collen cloth, nearly
United States production of with the United Kingdom in i slik woven fabrics declined wool fabrics salos, and far from 50,041,000 square yards nhead of other countries in sale in 1884 to 31,048.000 in 1950. of silk fabrics to the U.S.
fabrics But imports of stich
In the from Japan increased Japan also supplies an ever.
12,080.000 incensing share of the shirts, armer periost frozen
yards handkerchiefs, floor coverings, Į square
to 90,787,000. gloves, women's
enr- Imports from Italy, the second vos. strecta and pillow-onses, ranking forelson supplier, gained and many other apparel articles from 1,372,000 square yards lo Imported by the United States. 3,314,000,
In recent year, the United Statos hab durned to Japan for 2000 467 Increasing amounts of fabrics
made from syntheile flords.
SURVEY The survey,
1934 covering through 1999, showed also that Hongkong is ces he up-trend as n supplier of apparel articles, such es shirts, blouses, · gloves,
200 200 » 36
Amel
RUBBER Trust XD A. Tawah Sungala UTILITIES
Yatrau
300
205
Star Ferry
135
120
100 127
C. Light
1870 19.10 2000
Electric
** Rt.. 17.00
At present this type of disin- The figures were there to sUP- A survey of corporate earnings, week, this week was set at just festation is carried out chemi-
last classification, this
In earlier this year showed they below 1,000 units after colly and is extremely costly dustrial output down to an ex-were up a staggering 75 per cent weeks 21,000.
Весоло beenuse of the necessity of un-pected 140 per cent of the 1947-on the average in the ravelling the bales. In the now
This was the post- 49 averago in October as against quarter. tystem, the bales would remain the pre-strike peak of 115 in recession boom at iis peak. The
be June;
national production of first 286 companies to report for quarter showed total goods and services (the gross the third national product) down to an
profis
of $3,340,882,000. A the sain of only 0.3 per cent over annual rate of $481 billion third quarter, some $3.4 bilionineir net income a year earlier, the last below the second quarter paco; However, this total includes a copper, the White Pines copper third quarter corporate profila combined everage of $19 million | mines of Michigan,
The rest of the copper In- slowed down to a point whers lass for 14 reporting steel com
fourth quarter generally pantes (US. Steel not included)dustry has been affected by
as against their net gain of $123 strike since the end of summer million in the same quarter last which curtalled output of that In The Red year, and an earnings decline metal to some 25 per cent of again on the average of some capacity. Now it is down to a Already.
cent the most directly 50 per
for 25 reporting mete trickle. September statisties showed copper output affected industries such us steel retroads.
was 28,647 tons, and railroads, have gone into Mor companies continued tuin the U.S.
tons the red the third quarter. Latest she high profits in the third down from the 81,170
below the examples:
quarter. But their carnings re-August and well
iona produced in Forts for the fourth will show 107,000 substantial declines.
of A1 of September 1958. Shortages mid-week last week, the situa copper were already widespread Macas E tion in Detroit looked as follows: and the price of the metal firm-Tel.
⚫ Layoffs of 150,000 ased for the first time in years us
result. General Motors closed down its a Pontiac Division, some of its Despite
of the classification Fisher body plants, and choked the
current situation 7s a off its Chevrolet assembly line "minor recession," there down to about 25 per cent of several aspects of the U. S. capacity:
economy this past week that did
• Output
last week not conform with the pattem. for dropped to just over the 100,000 They were: Railroad, aiunita mark, a scheduled total of of $1.0 101,359 compared with 112,488 passenger carg turned out last
lun processes such as the steri-Fish Put To "Sleep"
lisation of medical equipment
and the disinfestation of pack
aged products.
MANY USES
The gamma rays which do the job aro similar to X-rays but, of course, much more powerful. One important use of the new syalem may well be, for instance, the
Transparent Packaging
For Export
STOCKING Lake Kariba,
United States Steel. The nation's biggest, a third quarter net loss of $311 million, the largest defelt in the company's history for any quarter on record. This came after record second quarter earnings of $148 million:
the man-made stretch of water in Central Africa, with fish has raised a big problem of transport.
The fish, mostly bream, are being taken
from Lake Bang- weulu
other and
lakes in Northern Rhodema, and handling • Pennsylvania Railroad, a this unumal, live dreight by net loss in September of $2.2
milion, wiping cut
30 metrs 23.5".
A special 1,500-mailon capacity | months' profits; tank mounted
diesel.
on
4
is
• New Haven
million,
TRANSPARENT fun pat powered Morlock of Scotland by not loss in September
kaging for poultry is Albion being made by a Bristol firm. being used for the operation.
Severni hundred Ish-depend
The transparent film ising on size-are carried at a time shrunk Over irregularly-and. in order to prevent them shaped commodities by the fighting or becoming too nelive they are "anaesthelised" by an application of moderate injection of oxygen at high host. It givos 3 "skin-pressure.
tight," glossy
wrap which
The Albion tanker carries a compressor to aerate the water
has a high degree of pro- and a bank of oxygen cylinders. fection. particularly under Losses en route are said to be refrigerated conditions.
negligible.
On arrival at Lake Kariba, The chicken to be wrapped is
fish are emptied placed breast down on a sheet the drugged
netted-off area and sides into a special of the film, the ends
for protection against crocodiles until the effects of their overland trip have worn off.
of which are then folded over and spot-seated to hold 11:em in position.
When It has filled out to its By immersing the wrapped
hot planned length, Lake Kariba. chicken momentarily in water at a temperature between which is forting upstream trun 190 and 200 degrees Fahrenheit the film shrinks skin-tight, the heat of the water and the degree of shrinkage also being sufficient to complete the remaining scals on the overlaps-L.P.6.
New Protein Food For Children
A
NEW protein food is
now
the rising Kariba Dam on the River Zambest, will be 175 miles long and will cover an area of 2,000 square miles.
A fishing industry is planned and an annual haul of 20,000 tona is expected-equivalent in weight lo 90,000 beef carcasses.
-D.P.S.
Britain Shares In Telescope Project
RITISH firms will share
being marketed BRIT the project of
by a British firm in Nigeria
A
and
eight
New York Market
Makes An
Irregular Advance
New York, Nov. 1.
Stocks made an irregular advance during the past
were
⚫ Living costs climbed to an all-time high in September As consumer prices, following delayed inflationary boom trend, rose in all major goods and ser- vices categories. The Labour prices Department's consumer
index rose four-tenths of a point from August to 125.2 per cent of the 1947-49 average.
Construction
coo-
Heavy construction tracts rose despite the long steel walkout, tight money and the reduced Federal highway construction
New programme business in the dual October
amounts million, considerably
the
week of
to
$218.5
INDUSTRIALS Cement
11 22
20.00
344
STOYES, ETC.
Watson
L. Crow
COTTONS
༡
24
0.00
Textile
INVESTMENTS Int...... K&FE Invest
100 23.70
1313 14412.40 144 12.50 000 £12.00
80029 en
AJKI
Japan is ahead of Switzer- land in the sale of handker- chlefs to the United States, and has almost caught up with the Philippines
in this sculor of trade. Japan has passed Italy as a gumice of velveteen imports und is far ahead of Belgium in The floor-coverings trade.
ما
Japan's great gains in United States fabrics and upparel trade Mus occurred despite some 150 a 12 voluntary curbs on exports
U.S. According to Ox- peris here, the gain reflects nicornisation ol Japanese textile industries and ability to
the
Agreed Merchants at competitive prices.
Belgian Selling 263.
Rates
France,
Maximum
Exchange Rates
Businem was
done up from
In the local exchange
inarket this In $201 million
the unofficial
morning at the following rates:- previous week. So far this construction billion. $17.4 four per cent above a year ago. Most of the gain this past week
year heavy awards total
week with industrials rising and rails declin-was due. to private contracts, ing in every session.
Trading rose to 19,104,818, the biggest since the week ending March 20. A week ago volume was only 13,886,800 shares.
turnover
in
of 1,309,000
a
Came Alleghany Small Trading
made
In Gold Bars
*
Zurich Oct. 31. No important developments were reported on the gold bar maritet in the week to October 29.
your",
The
United States
total Imports of cotton cloth increased from 73,000,000 square yards in 1054 to 143,000,000 in 1058. Im- ports from Japan in 1954 were 48,000,000 square yards and in 1950 were 105,000,000, The only other large imports of col- ton cloth in 1958 were 7,000,000 square yards from Britain and 5,000,000 from Belgium.
U.S. IMPORTS United States imports of wool woven fabrics increased from 0,309,000 pounds in 1054 to 10,- 465,000 pounds Th 1958, T 1954
Japanese sale of silk scarves to the United States increased from 54,903,000 m 1954 to $8,- 010,000 in 1958. Imports from other countries were negligible. Japan and Honglong have captured the major share of the United States Import market
CITY LIGHTS
"What's this - another take-over bid for fam 7
London Aspraus Ritvics.
for wool gloves, and Japan is well ahead of the Philippines and West Germany in this im ports of land fabric gloves.
SWEATERS
United States imports of wool sweaters in 1954 Included 42,000 pounds from Japan and 341,000 from, the United Kingdom.
sweater By 1938 the weal imports from Japan were 790,-
and pounds,
tho from
such imports from the coo United Kingdom were 0,494,000 || United Kingdom, 179,000 pounds, pounds and in 1950 were 6,241,- The only important sector of the United States importe of
US dollars iper $13
8.20
Sterling notri (per £1) Austrailza notre per CT
15.90
12.51
Indonesian rupiah (per 100)
1.00
000
Stam tleats (per 100) Słogapore (Straits)
25.03
1.79
pounds. But the wool fabrics from Japan increased | fabrics in which Japan has not
Another Busy
Week In
London
Stocks
London, Nov. 1.
It has been another busy week in stock markets
yet gained a 'majer position is In in fix, hemp and rămin. this category, United States bn- poria from Belgium-Luxem bourg increased from 8,101,000 goda 1954 to 8,355,000 tm. 1958, while imports from the United Kingdom declined from 6,773,000 poends in 1954 M 3,058,000 in 1938.
Japan has gained firet pasi- Hion in United States Imports of artificial flowers. Such im- parte in 1958 had a detal value of $14,689,000, of which Japan accounted for $7,938,000; Italy, $2.642,000: Hongkong, $1,450,- 000, and France, $1,192,000,-- UFI.
with prices booming and the Financial Times American
index of ordinary industrial shares broke through the 300 line on Friday to clase the week at 302.4.
the
US. investors in- the
London Stock
Foreign bunds were
Common Market?
while
such construction public as highways, is logging some 13 per cent behind 1958.
Private Of the 1,424 Jasues traded, 131 gained
residential contracts ran counter on the week, 524
to expectation as they expanded and 149 held dcclined,
un-
every week October. changed. There were 69 new A half dozen issues made up highs for the year set and 85, A pickup in exports and 20 per cent of the market. new lows
levelling off of imports began to Sludibaker-Packard with
Business news was considered slow down the flow of gold and
U.S. issues, for the third quarter compiled dollars out of the
The Street
Journal Department of Commerce said slop with a weekly gain of by the Wall
points. Studebaker when showed 230 companies little commercial exports in the third issued stock came second with changed from a year ago, How-quarter were six per cent above erecting
865,300 shares, notting 2% on ever, if eicel and railroads were September 1958. This brought to combat the high death making and
the weck. Tarn came American eliminated the totals would U.S. exports to an annual rate telescope
Motors un 595,700 shares and show a rise of 21 per cent for
at $17
from billion
the rate among Nigerian chil- £600,000 radio
the quarter-UP). dron
due to protein de- in New South Wales, Aus-
sherp ries of 12 points. Lear
dangerous low of $15.2 billion had 467,100 shares and a main tralia, which it is planned to
in the opening months of this Ficiency.
of 3% pcinta to make fourth
year.
The inerentes The food is a pink powder complete carly in 1961.
place. Then consisting of groundnut four to The Commonwealth Scientific
primarily due to cor production inachinery and textiles and raw which carefully judged propor- and Industrial Research Organi- Corp. and Jersey Standard.
ELECTRONICS UP
cotion, Yet, the Department tions of dried yeast, milk, casein, sation of Australia have retained
The real sensational
movers
urged
very sutistantial sugar, five minerals and seven¦ London consulting engineers to
Were the oketronics issues prepare designs and specifica- vitamins have been added
further expansion of U:8. ex- which responded to talk for a
parts is required" to wipe auf The age group liable to protein tinns of the telescope. deficiency is from about six The telescope's parabolle radio | higher appropriation next year
the $4 billion-plus U.S.. dedelt months to school age. Protein "mirror" will be 210 feet in for our space programme. Gains
in balance of payments so far The fires of Investors enthu | American stocks is still less deficiency
the group ranged to 14 can develop rapidly diameter-45 feet less than the
this
Department storm were stoked by optimistic than in Motorola, 114 in points and is in extremely distressing world's first and largest steerable
noted that while U.S. holdingsreporla rimost daily on the siste ferent in disease with a high death rate. radio telescope et Jodrell Bank, Zenith, 10% in Ampex and 10%
of gold dwindled from $24.6 of economy. The repayment of Exchange. in North-West England The discast can easily be pre-
in Beckman.
Business was small and prices lion ten years ago to roughly the quarter million dollar loan quiet and neglected, Its Surface actracy vented it children receive ro-
Special Larues
The wide were virtually unchanged. Bust $19.5 billion this year, western from the Export Import Bank
THE W
stock exchange advance in many Instances, ollsness with the Midle and Far European holdings of gold and was taken so
which clear indication recount
Washington, Nov. 1. gular supplica of a protein-rich precision
had gains ranging to 8% points East and Southe America
brought a further Benaler Mike Mansfeld asked dallaw #t mid-rear that the government is equally Wednesday
the Slate Department today FL Texaco. Goodyear run up quiet
reached $23 billion, an increase optimistic about the country's broadening ef buying orders. 11% in
to explore the possibilty of a a strong tre division.
the from
sind 1059 On the gold coln
smaller markos, of 40 per cent over the past four economic future. Allied Chemical and
"common market” for all of Eastman business was only routine. Prices years,
Investors. Steel The Treasury bill rate dropped | experienced
this to the lowest for five months, shirts recovered
north and south America to 3 or 4 the chemicals.
past were generally uncharged but
steady the "enator Kamino” Erie preferred fell 12% an
Sterling showed no further signs | week and were very albady. United States gold colna bare Machine Tools deferred dividend in the rails, dened slightly. — China Mall
another
seme economies of of being under pressure from the | Stores
ective
Latin were
nationa Machine foot orders in government. The the leading motors did little (special.
gill-edged | oecilon
closed and
with geins |Beptember increased 14 per cent | market has revived strikingly for
of several
·He asked the Secretary ek i shillings, except Chrysler which netted
nctably Woolworths up 48. over August but hold below government stocks have risen to
State, Mr Christian. A. Hørter were in de to, carider possible meetings of June and Jubr levels, Machine a new posic for this year. The Building shares to facilitate the han-now, because of a lack of steel.
the organisation of American mand and textiles did well: tools to a great degrés reflect success of the Middlesex County Council ipsum...}} was over- "dling of coiled mild steel
of the foreign The blue chips.ne a mixed states a the metal working industry'a m-
subscribed 20 times-is B appearanceÝ strip and similar products
and such issues as thinisters of all north and south ventor for building plane but CIGARETTE box with o
experts said the September me pointer to the recovery of the Associated Electrical fadderies, American nations to discuss the has been introduced by a built-in radio
|gilt-edged market. The loon was Dunlops, Ford Motors, Rolls Idea, cresse will not be significant un-for £10 milion and 2200 ml- huyoo and Unilever were down introduced by
Me Mansfield, an Influential R well-known Birmingham, firm.
Parla, Nov. 1. less it is backed by another milion was entered.
en the week. British Arm.
member of the Senate foreign It Consists of a number of rails
sveruge The Book of France statement tanilal rise in the final quartér,
BLUE CHIPS B As you offer the box, a tiny magnets mounted on a common down only 2.45 points to 164.80.for the week ended October 22,¦ prosuyably after the meal suike
Investors looking for better ståltone, committee, told. Mr
discovered lewestore ate now buyttig the ytolơn
theo LongHerter in a letter ́fhat Canada
·transistor radio switches itself on i framework, and adjustable so ) Uluitles gained à milo-0.02 to reada un follows:
is over and plays. It is hand-fooled that Il covers · various call diá- | 87,47. The 65 stocks 'in these
bluechip equiijos and many neglectal oils market and most | should be included in all discus- and holds 80 large-size elgarettes, meters. Hitherto
Finally, there was hope sections of the inrkets have of the leaders in consequencesions, an 432368,601,277 It has been three groups rose 2.04 points to Total gold bakings.
currencies 10.129.3.70 the U.8. can still turn in a biz thus enjoyed an unexpected In- showed rat guing on the perind E common marker could be The inside is finished in rød necessary to employ large dia- || 212.08.
BigTapatos abroad
1959 steel output figure despite vestment demand suede black plastic and chrome metor magnets to cover the wide In the previous weak; in-
$40,170,000,000
Copper shared wire also sought! | worked out in the western and is divided
everything c. Industry · sources The Week has seen a modest after
bernisphere, Mr Mansfield wrote, into two com range of coils, which has proved dustrinis last 10.15 podute, ralla Adney to diatskim" partiments.. One
MEET PANO DELON - 156 19 000 pin said even je production for the revival of investment Soter--- The koffie market was mixed | "we could (contains | uriwieldiy and uneconomical. 3.04 and utilities 0.46 point.
face up to the prob- TobulinoguesNS. TIMESTAMAANS Tast two months of the year runs est : Uplied States und but the financo houses and be of such commodities as cigarettes and the other a radio, The new unit not only pro- The week saw the havóa | Baladotte (n élresija- Designed for the executive's vides an economical answer, but wrought in the stoel companies currect so and this would remitting a total of West neglected by the British well support Diamonds and out, witle and others which 3,900918,001,970' at only 8,000,000 tops a month, Canadian stocks which have Orange Fire Stopo town) wery | Resch, zinc, copper, sugar, coffee, des or the modern home, the also removes the, pansdisiities of | when U. 6. Sleat-reported A algarette-bos: radio memeures | datorte, common when using | third querier net low of $31 Note The Bards of land 94,500,000 sot. That figure wan | invêniorat, The doliar pratila pistána TID curre in for some at one time /or another have 2% ins. a 0% MIN 44% ins. |singh And shesteentesi: grabemi million and Bethlehem reported { statement, this week was un- beaten only in sig "Yeats up to fos8 54 percent to ona per cent.. demand. Rubber shares had an | created verdienCLLINS betwee
But the British - interest. In 'excellent week--UPI, www.L-UPI.
of control and drive supplement with their normai are expected to make it the most diel. Consistent and efficient advanced and powerful of its use of the new protein food will kind.-L.P.S.
greatly assist in the elimination
of this very
-L.P.S.
serious disease.
Magnet Lifter
A Cigarette
Plus Music
-L.P.8.
has been
For Coiled Steel
LPS,
rose
NEW lifting magnet 1% on the wook. Auto opera-
tions are
nearing a standstill
INDUSTRIALS
The five straight gaina left the industrial average at 848.00 for weekly gain of 18.53 points. The five losses for the
their brought
one of $99 million.
Bank Of France
Statement
available--UPI.
was 1.6.
began
011
nations,~~~UPI.