THE CHINA MAIL, MONDAY, NOVÉMBER 27, 1961.
American economy-a special weekly review SCIENCE AND STRIKE FEAR SPURS BOOM BOOM
Rush of steel
to
orders build inventories
New York, Nov. 26. The United States economy, already resurgent from its mild difficulties of recent months, spurted solidly this past week with a rush of steel orders for December and January as consumers began to build in- ventories.
Titk nventory - inuiding
sit his
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It expected. Muc
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1
in
1982 1
LA
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Heel ab
arud
steci- makina
millions o
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uperations may
A yo per well
level of the past few tontilli
1 bad been exported that
Brush of onder
心
Hurra 25
Works mul:
Juukets
ADVERSE
Those chal... Lati
in strike at th
Ford and de
121111
Now th
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113 last month and Kenaedy The Admin: tration spuit star saud afe locutioa 121 Aaran eronon:y should there that it mean that the economy Steel strike" There should i was moving strongly upward
agam after the Seylember lull
For 10
fourth. stright week, Department 5142 In the US. topped last year's levels Volume for the werk ended November
Was fout
cent higher than the
that shoul
..: T
The st
..f
miber reporte
1-day periodi
Movember
sasher with
WD: 3
Car
totalling
11.
delivery cars, compared Pets Novenher record
Farm Jus! year Import del!- were 1,500 f an vero}}
1:
<
Aulecrotic
Nita
WAK A year ago
un-
AR These signs of good econo- 1 204,580 Thus a Nivent-
11 health prompted Labour 4 800,006) citsit is pos- Secretary Arthur Goldberg to
pret that 600,000-saies
the race of 1960 Said employment now at 6 8 per cent
the of in News.
final work force would de of the tealive
drop perreptably in November, November with and by next March will have amprecedented Arogard a total of 400.000. to i
mers of 54 per cent.
יז
-
17- wel
wanjch
1 tuin!
the T
Gnal and
Meet Sai are world reden sales in 1962
Personal
11
YOGEN
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BY: Fau
11
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1 *
sume saltet adver
on the gehad may may
mejor trei seca
Wh
10
their Nest code:
But how has appear
convmed! time
economy i
1
steady, sold a present
יו
...
they have begun to plan the orders for Mrel
spurt
vili
Com
Orders for December de... me picking up mathemateds the big January, which will be the le
1960. month since chris
BRIOR
the users were
h
the long steel strikes of 1959
Nur is the new business cal fined in the early modh 4 1962
Stune Pensumet are trying to
firm orort That gh
June
In other viesa leptoerst
signed to kenge the sail bu right
up to
coines- may
encanaging headstowed place
first quarter
Tow, ez en te pare şi-
urders Neck
One
SIMPLE
company an
sidiaries wall the mud ang m
mand or mail
גיות
G
(1:3
the late surge of 4wpisane, the year would bring the prog national product to 2
3540-tallet pu
teasomalls. $425- է. $36 September early 1981
plant and C
x per tar! de Coda i els 1982 COMPAR
MOM nt 50 major cotto The
Fatal expenditure i Esported to surpass the previou Bph of $32-biting in 1987 The
lightes
Ja
Mi in od The 1962 will be for greater
atir
rad vaparity
★
ין
FESTIVE SEASON
-
With the Christmas sea. cany regjanud vel formane, sorders rested by di abit
anufactores
Mikser F Mating or the rich COLE-
Kakve mondh, ads are ma
Druen
E September
half
1
The Cetober Moservi
Federal
4 meters i
fra
August
detion cana INGETA Ernest loved
Pie $501-balhou of
BANK OF ENGLAND
STATEMENT
Loto Nov
The Bank of England
to the work code! No Jo Bows
Nears Circulation
Pepita
vule deposits
Iovernmetil svercles%
Exother perurtles
Reripla
ور النية
:
A
Equities
Equities HK Stock Market
recovery
halted
LONDONE
number
domestic of factors drove stocks down- wards this
week post stripping mony equities of their gains made during the fortnight.
TA
The breaching of the Goverte ment's "pay panse pahey workers in the state-controlled! electricity industry, faftowel by statement on the gohony be Prime Minister.
Harals MA Macmillan,
a dip in hodustrisi output mainly due to the ne
י.
clings in steel and the motor căi iniustry, and the
appointing carrung reports were mam factors behind the oth
1
buoyant
The turnover on the Hongkong Stock Exchange this morning nearly equalled the close on Friday.
Friday's FUFTIOVET amouniert
$5.500,000 and this
morn-
business acuunted 16
$5.270,3800
The main business done this! morning was in Ducks at $135, Lights
Electrics at at $41, $39 to $41, Telephones (old) reached $44. Cements rose hall a dollar over Friday.
on all-round
Generally speaking there was improvement and there appeared to be confidence in the marke1
HONGKONG
The morning's quotations and
Markels becaine pontased and deported after three weeks sober optimise and buyers held ¦ prices
althigh
Une ch w20 hecked les bal: Toasted beds of bargunstunde
WETE
6352-354 Mee 290 352
BK A PENZ0.30 #21
2730204,
ار
11-
Wharf
Trading Tapered off and the Figned Tines industri Edex fell 10.3 points to 295.1 thus shedding most of the 109 points the index had gained Work
the previous two weeks. LOVPR The
tands against the year's low of 284.7 and the high of 362 7
Many of the rats favourabir to 2/6 each Those
this sharing decline included Associated Electrics, British-American To- barco, Imperial Chemical and Imperial Tobacco. 12,680.39
tatorer- 22 rear as
42.323,047,105
10
AU 201 500 20 30 2000-20
6350 25 349
+12412.6H 2000 260 2500 12 60 3000 L2,
b134 135 500 130
2400 134 600.13
232
Phone 10)
1401, 5400. 500 1 39% 2200 in 80
300 40% 5000401 1600402. 1500 4 1000 49'
044 544 B0043+ 1000 / 43. 000 431-
282 43.
N 641 BAZA.
1500 431)
1000 (44
25 41
500
42
"
600 425.
309 194
70
Tuko
1900 134 300 135 1200:35
672 673
42 25093
Gas
12120
21 30
3000
21.30
200 76%
2100
21.20
20071
$300 72
629.80530 COR
1000
29 TU
1500
29 8G
FWO
624.20
ELI
1:41 842
100420
5Üા ક
50 24 20
buch
Cement b68 588
500
EUG
310,617,874
The Foreign bond market 429,331.964 Tackedi sparkle, Greeks and
91,818.234
Hungarians moving lower white $2,623,183
¡Japanese assented were mixed 94
UPI
OP
NEW TEXTILE BUSINESS
DEVELOPS SLOWLY
New York, Nov. 26.
bar August reaching was 13 New business in cotton goods this week, both in the grey per cent of the
19 overages ited vitsapaperi tu 112 in Naplem-
4s March 1. d. eles mes 15x freeing the .l. moderat ha and Juritate Cara El wan order from out ade
wishing to storkpate. Da dope
strike
į
the!
Iron Age Magazin the industi cent that simple conclu. Dat the aut
industry is andere 201
enough steel to run ri
models and even p
1903's, even at the ter steel strike
י [
UNIT TRUSTS
and finished state, developed at a slow pace.
י
73 574 Angely til 52 5893 73 1100731, 1000 74
$30
Local P&P
Watson
Text
170 31 10 1600 21.20 b4 10 4.176 GON 4.15
1000 24,20
GB GR5 1000 88
4000 M8
1000 62
b37 5371% 2500 m 262%
150 658
500 37
b5.80 68
1000 $.85
N'ag
12 40
A Rub 4 80 64.95
2000
2:0) 29.00 Really 2.05 2 125 2175 25402 125 1900 2.10
Dairy
INI
$2.025
Trau
40-46)
2560 - 40
104014
sraken
The
be
Bus
175, $77
+6076
Mode
Join Wal
Pes print cloths
100 116
100 118
in curbing overall
Sincere
elicity.
་ ་ ་ ་
Majr market attention. T
PREVULIVI revalled, as they envisioned the possibilities of a Light better chance for domestic mils from
150 119
I. Inv
1600
Thanksgiving holiday Such an imposition would
the appearaner of "equivalent to the export subsidy Y1:
few rate on raw colton exports, mili offerings in a
to nel the competition ben me preoccupied after muse
Bayer Poser. For 1 Hong Kong) week with President Kennedy's low-priced cloth imports which ¦ Band, $114, Second Hong Kong, onde to the Tariff Commession ho ve been making dreper inroads · 1962 F Ex 9
The study the possibility of im- here for some time. Seller Pres. Prst Hong Kang prug & special tax of 81⁄2 cents Along Fund, $1 22: Serina Hong Kong pound on the cotton content of
Fund Ex I 80.96
textile imports.
What modern men must know
The finest dryshaver in the world
Is the Philips Pillishave dryshaver
with the Flotary Action.In all coun tries you will find modern and im- portant man who use the Phillshave
every day. Because It gives them e good, a comfortable and a close shave.
For non-electrified areas (and for people who often travel Philips developed the Philips battery chaver. The camo principle, the Game excellent results.
Go to your Philipa dealer, and buy one now!
PHILIPS
HAIR CLIPPER
Interchango- able hair clip. perforcutting moustaches, whlakers and neck-halro.
PHILIPS PHILISHAVE /20
-THE WORLD'S TOPSELLING ELECINE SHAVER:
Mola agentei Qilman & Co. Ltd. P.O. Box'80, Hongkang
Hall, President. Mr R. Dave American Cotton Manufacturers Institute, applauded the action. which he yard would serve as e estraining influence on imports yaths and unfinished coarse bes, which made up about one-third of the collon product omporis last year
NO EFFECT
Obviously, My Hall continued. such a fee would have tite, or no effect on the importation of fer eluth constructions, Baish- ed fabrics and apparel. Only u reasonable system of quantitive limitation can do that job, cun- cluded Mr Hall.
Market ruled
instances,
Prices
H. T 16 05 bi196120 Con b17.60
XD MAP, $419,
2000401, 3000 wr 10%
60040 360040 FEU 41
2014. 1500 41
200 411
Water
Heavy but
selective
trading
NEW YORK
Trading was highly selective but heavy this past week as stocks kept a few points below their record highs
the throughout
abbre- viated four-day week.
Profi-taking took the starch
vi Dul
{ number
recent favourites and tax losses further deduled SUIT:F
poor 1981 LMT- formers; selective buying oh favourable dividend actions puffed up a number of scattered special situations.
Overall, the price action was described by the professionals as a digestive period which was needed not only to consolidate recent gains but also to bulld a solid technical base for the nuch heralded year-end rally.
The oil and textile industries
were encouraged
reports that the Administration is lak- ing a new look into the import situation, possibly with a mind toward higher protective tals for apparel and fighter controls on foreign petroleum.
by
The Civil Aeronautics Board pleased the majority-but not all of the airlines by leaning fares as re-
700 430 toward higher
medy for flagging profits. Elec- tronics and aircrafts were mixed and it was in these sec- stors that a good deal of tax-loss
6D1%
13.10
13 selling was believed concer:-
trated.
5 Dock 12.70
800w 2 TD
P Tram
Old b130 6125
C Hote
Slor
40 3
The nation's growing balance
of payments defleit which
is
251 puiling pressure on the dollar attracted additional buying in-
1. C bu 539
Asia
INFERING
AUTOMATIC WAREHOUSE
From goods to invoice
London, Nov. 26.
Two companies of the Hawker Siddeley Group in Britain have introduced electronics to the warehouse and developed a system which selects and conveys goods automatically.
The system can be used In factories to ensure aarlomatie selection and delivery of com
ponents from the stores to production bench
The
Blackburn Electronics 11:
Whitworth
and Armstrong Equipment have en-operated in developing the system. A pruto. type version has completed tnals! at a plant of Blackbum Elec- tronics Ltd, near Hull in north. east England
Basically, the system consists of a number at overhead gravity. ferd hve storage bins fron! which goods are fed NA
conveyor belt for transfer to a packing area
Up to five items
a second con be released on to the conveyor The gate of each bin is operated by a relay con- trolled from a central consede
Selection of neins required to
or
f any given order can be try!
punched vards means of manual switch and the system can be operated in three ways.
The manual method by which: items are selected by switching discharge and delivered by button; the semi-automatic method or
manually controlled
where reading
single cards are read processed at the touch of a button and thirdly, the automatic or auto-controlled by which card reading system cards are fed automatically to the reader until all orders are processed.
card
The desired method of opera
at the control Tous sebeled
desk.
the
In the event of any of storage bins becoming enaply the system automatically indi- particular itera cates that that is out of stock ----LPS.
60 MILES
OF CABLES
terest to the golds. Tobaccos Against severe international
Human.
5224
500 $1
5% 41
12.9) 83,05
EU
42
Maa
614.20
14100
414
Vibro
$12
470041
$ Land b24c.
farmers however, La namber
Amod 145
50011
Exchange rates
and stores were the best per-
even though
o retailing issues eased on profi-taking in the final sessions.-- UPI.
Beat machine
Caluis, Nov. 28.
A local mentai arithmetic expert, Maurice Dagbert, 4k, took on an electric calculating machine and won.
At a charity gala 10 raise money
Christmas parcels for
locni 1 tire Business was done uanticlal
This t market exchange morning at the following rates:-- U.S. dollar (per $11 Sterling notes (per £1 Australian notes (per ₤1) Japanese yen per 100) Cambodia riel per 100 French new trane (per 1) meanwhile Brazilian cruzeiro (per 100)
in
Argentine peso per 100) most unchanged
Korean hwan (per 1000 but brokers said than a (per 1000) quietness of the past week or Chinese JMP per 1). Taiwan yuen (per 100) Thai baht per 100 Burmese kyat per 101 Pakistan rupee (per 181 Norwegian krone iper 10 face pataça iper 1) Philippine peso (per 1) Singapore Straits (per Swb fanc iper it....... Netherlands gullder (per 1). West German D-Mark (per 1) Cuba peso (per 1.....
ten days did not permit a real test of actual trading levels.
Stock market
stability, along with inflationary psychology, and expected Government buy- ng for the defence programme, continued to be underlying fac- tors acting to shape market sentiment.--UPI,
5.608 15.77 12.58 1.50
B.00
112
1.00
5.10
4.00
8.85
0,45
1.20
26.60
5.45
1.22
16,00
7.85
127
1.00
1.31
142
for 1100ps in Algeria, the audience fired 12 complicated arithmetical calculations at M. Dagbert.
He look three minutes 43 seconds to answer them, the calculating machine took Ove
1.40 minutes 18 seconds. China 0.80 Mall Special.
COMMODITY PRICES
COTTON
LIVERPOOL
Cotton futures closing prices all in pence per lb.:
Ameriem Contract:
Dec 23.10.
Mar. 2459, May 25.40. July 26.29. Oct. 24.50, Dec. 24.45. Jan. 24,45,
Mixed Contract: Dec. 24.20, Mar. 24.05. May 25,75, July 25,00, 24.81, Dec. 24.05, Jon.” 24,US.
Oct.
UPL
FOREIGN EXCHANGE
NEW YORK
-Closing rates:
England omol 20100, gigirl 30-days 2.D1. England 90-dys
2.7090. Anzstralia 22nd), New Zealand
2,3000, Frange 2039 Dalang 2.770. Norway 2107, Sweden 1937, Switzer- land 9310, others 'unobquget,
LONDON
Closing rates: New York 381-2.81 Montreal 2.8214-1392%. Amsterdam 10,13- 10.13% Brussels 140,1245-140.1755 Copenhagen 19.30-19.30 Frankfurt 1108-1127. Lisbon 80.16-30.28. Oslo 20.02-30.02% Parle-13.807-13.DI Stockholm
Milan 14.533-105434, 1747-1747 Vienna 12.07-7270, Zurich 12.10-12.17-UPI.
METALS
NEW YORK
Clowne, prices all in cents per ib.: Lead Dec. 8.00, Jan. 9., Zine Dec, 10.00, Jan. 10.70. Cupper. Dea...10.78 JAN 29.33.
LONDON
Closing prices, ail in sterling per long on.
in spot 980 900, 2-month dob
RUBBER
-NEW YORK
Rubber futures closing prices, ali ta cents per
Bex: Nov, 27.50, Jan. 21,40.
Standard: Nov. 37.25, Jan. 2120, Mar. 27,18, May 27.15, July 27.11.
SINGAPORE
Cloring prices all-in-Straits cents per ib. to.b, Malayan porte:
No. 1 Dar. 197636an T
* Dec. 14-769, No. 3 Dec, No. 4 Des. 713-7835-
1742=1536.
rubber un 23
Spanket crepe
No. pale crepe 06-80.
LONDON
Modernisation
scheme for
Lancashire
textile mill
one
London, Nov. 26. A £2 million modernisation scheme to make one of Lancashire textile mills
of
the
most efficient units in the in- dustry, is now well under way at the Castleton Mill, Rochdale, of the Dunlop Textile Company.
scheme Lakes
The modernisation
כזן
the the of
whoic plant producing cotton fubres for cycle tyre covers, woven duck for belting, canyas for sho uppers, and nylon and rayonl tyre cords for car, heavy vehicle and aero tyres.
new
Withoul interruption of the production
high speed machines are being introduced into the blowing rocin, erding. spinning, doubling and winding and weaving sections.
W.S
"The seven-yeur plan started in 1950."
explaini works manager, Mr J. Dyson.
"By 1983 the plant will be geat- ed to produce a wide range of textiles specially for the indust rial marke!
the
The basic idea behind scheme is a further improve- meni of the products and ecous-
Only 60 mies in labour.
per cent of the present labour force of 1,500 will be required when the scheme is completed but London, Nov. 26.
naions have been assured there will be ro violent contraction.
being Particular attention is British competition,
paid to improving amenities for Con-
some 20
per company has won a
employees and tract to supply and install cent of allotment for the scheme about 60 miles of cables is being spent
LPS. for the Cameron High- lands hydroelectric scheme.
a
This is one of the largest con- tracts of its kind ever to be awarded by the Central Electri city Board of Malaya, It is worth £300,000. The British Arm is the Insulated Callenders Cables Group.
The Cameron Highlands hydro-electric scheme is a far- sighted project involving miles of tunnelling work and the construction of a dam, 120 feet high, three diversion and two power stations.
in this field.-
Nylon heels for m❜lady's
shoes now
London, Nov. 26.
15 An entirely new use of nylon in the manufacture of lighter, weirs
cheaper, more comfortable and long wearing fashion heels for ladies' shoes--has been announced by a British firm.
It will make a major contribu- tion to the C.E.B.'s system, having a potential annual output of 320,000,000 kw hours and ul- timately adding over 100
to the installed capacity.
MW
in
Manufacture has started with The two power stations began output of 5,000 pairs a week bulk will use the waters of the end plans are in hand to double rivers Bertam and Telom. The production within the next six larger, to be located under-months, ground at Jar. Some 90 miles
The heels ore made of stack- of Kuala Lumpur, willed layers of leather board, eventually house four 35 MW the normal way, but it is in the generating sets operating under bonding of them that the new * gross head of 1,880 feet of technique is used. Aiming for water. The smaller station at Habu, six miles north Hghtness the firm used to bond the layers with two wooden east of Jor. will accommodate dowels length-wise, instead of
long metal halls.
two 2.75 MW sets.
The cables will be installed by British
Insulated Callender's Construction Company Ltd, member of the BICC Grouo, at and between the For and Habu power stations hydrb-cléstrle
Sirice nylon is much stronger, more pliable and tougher," the hem experimented by Introduc
nylon Instead of wood. is injected through the
and at Hawang substation anderboard layers,, niaking
Connaught Bridge power station, both of which are ziear to Kuni Lumpur.
EL
Armer and better bond and pro- viding a longer-wearing hee which is more confortable and the
beam durabil movida
They will include some miles of 132ky bower cable ratalied in an inclined chat to the underground power stalion,
Closing prices all in pence per ju.: 255 zile of 11ky power cable No. 1 Ras spot #211-304L.
und four miles of 060/1100 voll Bettlement
hopdk-lead and PVC instilated Powar Callus
AJMA "IHG. Mar."
Apr/June 2-say: July/dept. 13-14 Oct.Dec. 2394-2316,
Gental markets, cibas, ports: Dec. 214-21 Jan, 2
AMSTERDAM
Copper spot adozik made, 8-month Closing prices all in Kuliders, per kilogram, e... Nov.) No. 1 rubber 22000 229.
Lead Spot 811b 01. 3-month 200 buyers, No. 2 rubber 2.05 buyers,
Ab To Julie, a-manth 72b crops 1.33 Buyers.
No. 3 rubber 1.00 bugers, No. Zig Boot 714-U.
To The
top plece direct to the heel at the same time.
The heeld varying from one- two-and-a-half and-a-half to niches, have been subjected to the tnost rigorous customers.
and by
which mechanically and
Another side-lino
Both
Kri
addition, the contract calls approximately 27 miles control, Jalepbance and coaxial being rapidly developed by the cables. Gile work will occupyirm and frding an • increasing approximately 18 inoliths and demand is the manufacture of the contract is scheduled for shoe trimmings in leather. This completion by AugusÌ· 1083r almed at producing á chcapér
UPI.
LPE
shoe.--LFS.