1957-07-22 — Page 9

SCIENCE AND ENGINEERING

METER DETECTS

MASTITIS

IN DAIRY MILK

A simple portable instrument will soon be on the market to help dairy farmers detect in the early stages milk which is infected by mastitis. The instrument, which is basically a conductivity meter, is in the course of development at the works of a UK firm and prototype models were demonstrated at this year's Royal Show,

The seriousness of mastiti 1 Tie ma.liis meter gives elearly realized by alt quite } check reviứng da Kỵy dial ar farmers and on caly det. Pri | belfestes the" consilien of th.. of the disease in one cou woulainik; any shacermalities can be

prevent whole eturived at *:* herds from being attacked. In recbuy steps taken to apply fest takes only a few seconds t an effective ready. perform and, as the intrane

do much

is portable, an-the-pot cbr. can be taken.

ELECTRONIC

APPARATUS

COOLER

very

The

in

THE CHINA MAIL, MONDAY, JULY 22, 1957.

TRADE and COMMERCE SECTION

AMERICAN ECONOMY IN DOLDRUMS

Experts Say Slowdown Will Lay The Base

For Renewed Upturn

By JOHN MORKA

New York, July 21, The US economy moved along this past week in sidewise fashion, a combination of hot weather, vacation, shutdowns and strikes cutting further into the seasonally reduced activity. Production-as usual in the summer doldrumis-is at or near its lows in such major industries as metals products, textiles, electrical machinery, paper, rubber products, among others.

far this year there the corresponding month

of 1956.

The mojer confiduece

this mots: Lesson for

be the b appears to

The continuing threat of slowdown in the buildup of in-fatius and the excess capreity of ventories, with the possibility of productien and the lag 1 ont- some further dram eff of surplus put. goods. Manufactuer)' aventóric rose recently to $2.6 billion, a

Indications

HONGKONG

STOCK EXCHANGE

Our Own Correspondent

Business done on the Hong- kong Slock Exchange this moming amounted to appro- ximately $783,000. Nzan qjusta

Belions:

ATTEMPT TO BREAK THROUGH HISTORIC HIGHS

By ELMER WALZER

New York, July 21.

The market this past week has been making

a valiant attempt to break through the historic

tions and the rough itana-highs set in April 1956. On Tuesday industrial stocks came about as close as possible to achieving that gon! without actually doing so,

shares. Buyers Sellers Hales DANKS

HK Bank INSURANCE Union

1720 1919

After moving to within less than half a point of the historic peak in their average, industrials ran into resistance that drove them down 100 irregularly the rest of the week.

...

031,

303 +97

Az

30

до

540.13

215110

DOCKS, ETC.

Roils had a few moments of fat 615.73, oft 5.04; valls closed K. Wharf.. 190 Duck

glory during the week bat the week 151.84 off 0.67; utilities van (OF 12.10 12.4G 3577 126 intrhed lower en average. So 70.67 off 1.033 and 65 stocks

19.5% did ufilles.

LAND, ETC.

452.

1300

3000

B Hotel.. 18.20 19.61 HK Land Humphreys

Few if cay are worried on the the Domialer Republic by 30 templated the mount of T: Beg the competivity of seure, however. Many expole per cent. Cation sellers are escrvez member banks would Lombard the milk

tik ki gre llega a opcrios | predict the slowdown will by reported to be asking about $6 a be required to retain to their SUPPING to thyr

a roowed uptu.n birrel compared te methods of testlag and the base for

with the pre-portfolio es against deposits. By Waterheat

reducing reserves, give very valuable help in late in the year. Although the str.ite US prier of imut $4.51

baks would Wherlocks Alde from the ceracat strike, be able to lend more money, astsring the uder

udžer zendition of valure of industrii production

time seriously Marthi conceded, however, that a cow-to: an kercate in the is lil off some 3 per cent from which could chlorida content of

the mis, Decembe- levels, in every month upret the cromie appleant, present reserves ranging whigh produce; an intresse

bing men It has been

cezenonists from 12 to 20 per cont-are too were chewing new terest high. the conductivity, is car of the

two other importeat devetop- į firal symptoms of abnormality.

Prototype models of the in- strument are proving themselves succesful with various hard, where the instrument is vnder- going tripl tests. Production mode!: wil soon by available.

The firm have also developed a portable instrument for sill jump of 200 million, but much of analysis it is battery-operated,

this was due however. compact and simple to use. The

1, 1 The meter is intended for

us of farmers them Tives to i determine the quality

of their Co.

soil. in respect of acity or ap-alinity and the corrtet pro- for portion of chimical required to reriere the ground to a suitable ap balance.

Experiments and results have been zo succer:ful that one arm has equipped a fleet et være with the meters and provides

small

400-cycles axial-flow fan of high performance has been produced by

Electric

General

Ltd, for airborne plications, chiefly cooling electronic paratus.

1 i

downs'renin

mide

vrne fan, with an impeller of 24 in diameter and in over- al length of 3%", the weight being under b.

The fan motor, a totaily ca- closed squirrel eage

inite 12

4-pole design, has" a diameter of 1.0 in. Running at 11800 г.p.m., I

watts consumes 15

soi!

to higher prices,

Cement Strike

No. 1 Threat

1

15.00

1.45 1473

1.50 1.525

130 1.36

21.00 24.20

133 130

12.50

500 24.10 500 to 24.3D 103 2.20 200

134

400 124 400 * 134 100 & 134

101 10

200+ 134 300 g 104

As pnother enti-inflationary | Resity incture, there were indicaticus RUBBER

AMRIX. that the Government is

trum planning to Iewer required UTILITIES dawaz - payments on federally T keured homes, and reports the present 5 per cent limit ca Star Ferry Mr William M. Martin, Chair-

mortgages might be hiked an- man of the

Federal Reserve other per cent ki order to tuld a Board,

House Benking attract new mortgage Annelag.

infletica Committee that

Younanti stBl the No. 1 threat to the Housing starts are of 30 per C. Light (0) 10.00 10.00

He sald There was more concern, how- | cezarmy.

that high cent from the peak year of 1955,

13 (ts) 12.00 ever, with the three-week old Interest rates at 25 yeore peaks | while expenditures

are 15 per cirle

291 29.70 strike

alternative in the cement industry were. cu

to ent from the 1850 top. Private Macho E. .. 101 10,3 which has alrendy Idled thou- "serious depression, snds and crippled

|bousing starts during June were Telephone 27.80 27.90 major con- Fiorell circles took this to struction projects raving into mean that for the time being units, compared with the 1956 Rove

13 hundreds of millions of dollars. the

Beard contemplated no pace of 1,091,000 a June, 1030.STORES. ETC. The strike of 16,000 strikers in losing

controls It is now fairly of credit

31.00 certain that Dairy the East and South has already aimed at curbing inflationary housing starts will fall below COTTONS

urlaughed cocul 20,000 e- CXCUF 5) There has been much the one million mark for the Textite a service to farmos quing ismin | struction workers r the Newspcculation

€1,00 that the present 3 first time since 1948, when starts Nanyang hell to Geld, carrying out tests | York area alone and further per cant rediscount rate — e

totalled 931,000. on the pot. Rectaninizations | payouts across the country are in major Government instrument

VI:u are then made to like farmer as

The dede in housing starts INVESTMENTS the effing. Affected by the for ecuatrollog the astion's credit has had a deteriorating effect on regards the amount of chemical | cement shortages are highways, į stream-night be increased.

building equities. he should distribute in the soil otels, airports, office and wet- There is a lot of resistance 10 la confition it for the king of must buildings.

any hike in the rediscount rate cats he is growing

חזר

High achiity of tile soil, in the region of 3-4 pH, normally in- dicates a shortage of calcium and. probably phosphate, and an excess of aluminium and man- goncse, whereas high alkalinity of the coil (8-9 pH) indicates a lack of potassium cni amimni- ium salts.

Doth instruments are simple to use and will be of great help to farmers who trình to take readings direct: not only will a great deal of time be saved- an important factor Where concerned--but also

W.C.

mastity

a great deal of expente.

& Co. Ltd. Gala Werks. Cambridge, England.

AUTOMATIC

and will move 30 cfan, at, DIRECTION

a

static pressure of 0.8 in. water

Kauge. A 22.000 r.pan, wrsion

present In

at

Course

development will have the

Carcaso are

Motor Ship Cut And Lengthened

FINDER

direction finding, range

tion and Consol reception.

controlled

cement

some 30,000

io

at the annual rate of 070,000NDUSTRIALS

Cement ... 321

Walton

.....

15

11.00 11.90

MISCELLANEOUS

Entert.

10.40

13.00

1900 18.15

500

Al the close on Friday, more than 1,000,000,000 had been wiped from market values. In dustrials finished mere than 5 ponts below their all-time high

PETERED OUT

A various times during the week the market attempted to mount a new assault, but euch one relered out hi the fate of prost-taking and caution. The

inarket put on one of its best displays of firength just before 10.70 the close oni Friday, sharply 250 er 20.50 pating the day's earlier losses,

However, market inca were 200 21.00 pleased by the fact that at 110 50032.78me this past week was setilog really heavy. They also nettd that the deeling irčm the ntace 100 11.99 record highs set on

Tucadoy

4.35 5.75 1000 9.78

was inainly of a techiend nature ard that the market probably will make another test`of the highs soon.

The

178.21 off 1.68,-

Trading this week averaged 2,224,374 shares a day against a daily average of 2,849,138 D week earlier when the market was ring..

Of the 1,411 issues traded this past week, 785 declined, 452 and 174 held un- erivanced.

changed. A total of 98 issues hit new highs and 116 touched new lows-United Press,

LONDON MARKET REVIEW

London, July 21.

Chief feature of the Lon-

retreat in accurities prices don Exchange week has came in the face of many good been the apparent return of corporate news public confidence in British

Government stock.

business and developments.

this rumours,

Sheering

group

Meanwhile the tight money,

The U.S. Treatury's announce- Premium reportedly ronging to govenment eireles et the situation is beginning to The Bank Of England

ment on Thursday of huge new

There Was come genuine per cent are being paid for present time, but no one is pre-even, some stocks, normally con-

buying Bancing at the highest interest Investment

huk the erders are pred to rule out that possibility sidered the sed heave

beet hedge against Statement rates since the deep depression market was thin and the eptc- being place with European and sometine y August, after the nation. Wall

StreetCTS aru Consdian · suppliers as well as Governmict's refinancing pro-cuerally unanimous that recent

days gave food for thought and hele of War Loan rizing 33/8 in. with others in Puerto Rico cod gramme about 15 Billion is cam- market bullishness which early

London, July 21.

heightened the cautious atilluce ve trading days to £67% pro- with guin of 124.

voked as much scepticisi 25 it The Book of Engkod state- the Dominican Republic. Dee | pleted Emporter is said to have ordered

pierced new peaks last week re- Further proof of the Govern-ficets fears by investors that in- 17, reads as follows:

did coniidence. Opinion is that ment for the week

cuded July jumped 3% in

stock split

War Lean is rtabilising and will intention

Allled toes from Europe meat's

squeeze fation will be here fer sometime while another has hiked his credit

Chemical slipped 3 on lower not move past either point until was read into Martini to Comc. While the overall Notes in eirculation

erungsringe.

ety things really begin to get clear. Rico and

Autes were actively buying from Puerto

statement that no cuts were cen-market hes tended strausger, it| Public deposits has at the same time been very rivale deposits

Govertument recurlifes selective. One of the casualties other securities

ROT STOPPED

However, has been the utilities, Receipts long a favourite of small in- vestors. They now trail behind other shares, having lost from 3 to 19 per cent of their market valuations from the year's highe

Japan Principal Market For United States

"Although Japan is one of the

world's

de- TOW.

Washington, July 21.

and

ARGENTINA

and

and

Wall Streeters ascribe two reasons for the sethnelt utilities: Increasing competition from higher yielding bond and common stocks and the money pinch, Many companies have found it difficult to fluance huge expansion projects because of the high interest rates. In many instances, bond offerings were ather pustpected or else sold at top interest rates.

A New Look

Ho

10,954,487

287.07.16 traded but mixed. Ford rest 217.01.000 14, General Motors lost

0.0

Sugar issues firmed, with West 29.474.3 Ingles up 2%. Tobacco stocks Manchester Guardian reported On the close of the week, the United Preas.

hecked off in the face of a new that it was possible to deal in hassle over smoking and lung largo anamix of cancer. Reynolds Tobacco

gilts-say up to £500,000 or even £1 million

for the first time in a good, many

weeks.

"The rot has stopped," it said.

Exchange Rates lost 34.

Business waz dene in the local moled exchange market Cha

4.03

at the following rates:- dollar (per $1) Sterling noter (per £11 Australian notes (per £U Indonesian rupiah (per 100) Siam tieal (per 100) Singapore (Straits}

"Bi

UPS AND DOWNS The steels. had Hicfr ups and downs. Mest of the pivotals 1939 U.S. Steel, Bethlehen and Re- 12.43 public-were lower.

1300 20.00

The Dow Jones average

when

Industrials were fairly steady Judged by their Index. But this steadiness concealed considerable shifting....people have turned to oil, department

10 closed the week with Industrials store and hire-purchase shares

COTTON FUTURES

FINISH WEEK

WITH LARGE CAINS

For the long-range, economists a new look at the were inising growling between industrial pro- ductieu and industrial capacity.

Right now industry's overall production has dropped from an estimated 85 per cent to 81 per

By HENRY J. BECHTOLD (in-unt of capacity, since the end

of 1050; meanwblie,

Industry

New York, July 21. rice) continues to lay out billions for

Cotton new production expaelly, leading

fluctuated widely to

just how for moderately active dealings this past week wonder industry can go without aming finished wit!: substantial gains. into trouble.

many

Business spending

*

futures

in

and

but icna to disregard old- established ones like Imperial Chemica!?, Courtaulds and Unilevers.

Generni Electric's rather pessimistic sepert on the con- Unued rise of certa cutting into presis was very disturbing to the whole industrial market. The company's shares fell near- ly 4 shillings to 50/6.--the low this year was 49/3,

In olls, Canadian Eagle was In great demand and the price roac some 5 or 6 shillings,

RATHER IDLE

1TC.

Foreign bonds were rather Interest in Japanese was confined to the assentods which showed small rises on falls of 5/- or 10/-, In Germans there

was more interest in the non-

assented. The Young Loan

non-assented ruse £1 to £200 sterling while both 7 per cent and 62 per cent Potash non- assenteds fell 1; the 64 per

The United States Agriculture Department reported today that Japan was the principal market for United States farm products in the remarkably high output of 50 cdm, at 3 in," w.g. for the The new Marconi four years from 1952 through 1955 and was same weight,

Type AD. 712 Automa-second only to the United Kingdom last year. The gulde vanes and motor

"Our share in Japan's agricultural imports integral with thetic Direction Finder was casing, the whole buing a ene- demonstrated in public has increased since before World War Two," the plece aluminium pressure die- casting.

for the first time on the Government Department said. The impeller is plastic moulding with actofoil occasion of the recent scelion wings. The rotor shaft

Mexico, Guatemala, El Salva is carried in single shield ball meeting in London of

biggest #gricultural dor. Nicaragua, Costa Rica, bearings at each end, the the International Air makes our future share in this Cuba, Halti, the Dominican Re bearings being spring-loadhal |

market is uncertain. Japan is public, and Puerto Rico, axially to ensure quiet running. Transport Association. paying for U.S. products largely cluding cotton, sugar, vegetable

with dollars carned Owing to the efficient cooling

by other oils and olleecÍS, This radio compass has been

means than its exports to US. 234,800,000, provided by the integral guidëj developed to meet the ADF xe- vanes the temperature rises of quirements of the most modera

After the war, most of ils dollars from US armed forces the windings and ball bearing types

came of high-speed transport are unusually low.

expenditures. aircraft. It is particularly suli- uble for pilot

"Recently, however, Japan has

this year

At Friday's close, the list ruled 29 to 58 points operation and

Argentina (including shtep provides facilities for automatic been getting fewer delleis from wool, wheat, hides, and skina will certainly not be at the 22 -1.46 to 2.90 a bale-above the previous week's

activities cotton, and corn) 65,300,000. government

per cent inerente in 1886. Gov- recep- U.S.

crament estimates indicate that closing. and more from exports. But it

Brazil (including cotton,

expenditures for new plus) and An unique automatic crystal-is still importing twice as much sugar, soybeans

sheep

equipment will show

Washington developments do Secretary of Agriculture Me- from US. as it exports to the wool) 48,700,000,

riding tuning mechanism. the outstanding feature of this United States,

trend over the first three quar-minuted the market and a very; Clain's proposal would get out cents esented rose £1. "Moreover, 'Japan equipment, results in its great

India, Pakistan

will favourable weekly weather re of the committee. Such expenditures Burma ters.

Chinese were fractionally simplicity in operation). The pends less on us for farm pre- (including cotton, rice, had end, probably run about 10 per cent port was ignored.

McClain had said that if Con- caster. AD. 712 is the only ADF with ducts than it did a few years bast dibres, tobacco and hides above the year-bgo levels, with Prices were down as much as gress granted Secretary Benson

premium this facility. Frequency exloe-go. The rest of the world hus and skins) 170,500,000.

enjoyed by higher costs accounting for about $2.40 a bale cu Monday In an powers to set parity between dollar stocks which was 16 per half the rise. tion is elected in steps of 0.5

to export more farm products

extension of the preceding zero and 90 per Now 21 feet longer than

cent. the cent last week closed this past China then fermerly. Also, Japan, be-

(including coybongs} over a range of 100-415

selling off a Agriculture Department would week at 10% per cent, when she was built in 1948, the Ke/s

Government economists and Friday's sharp Pare in and other vegetable oils and oil- others are now wondering about action on new farm legislating low 05 per cent of parlly during Canadian

many trady believol kr/s and 490-1,7995 kr/s. This cause its own exports

any not drop the cotton support be- The motor ship Ruperts Land,

market in U.S. and simple method of tuning has creasing has more foreign ex-steds, rice, hides and skins, this rise in ratio of capital in- belonging to the Hudson's Bay

dollar stock is now by the

change for treding abroad. Thus tallow and lard, cota, hard and vestment to cutput. But so far uring this current scision of the first year, and that unless confined to buyers and sellers Company, has recently return-boen made possible

crystal controlled

and nobody

would be aimed at the law is changed the support within the sterling area-United BECROS to have

Congress luning is becoming easier for Japan bast fibres, animal "freds,

to buy form products from other small beans, beans) 02,000,000. mechanism.

answer. Business Week Magu- lowering prices to put cotton for cotton next year probably Press. countries. In the long run it Formosa (including rice and zine in a report on the subject in a better competitive position. will be consthing over 80, per will be inclined to buy from sugar) 30,200,000.

took neto at this growing gep

cent of parity, She arrived in Scotland at the Another unique feature is the countries that buy from it."

Thailand (including rice, corn, It adds, for examply Unt steel

RECOVERY end of 1056 for her "operation", | Axed loop acrial which,

The Bank Of France QUIETEN DOWN peanuts, vegetable oils and oil mills have been operating at which took place in the dock of installed, needs no farther =1-

seeds, and dudes

and skins) about 87 per cent during tha The market made a modest the Ailsa Shipbuilding Company tention as there are no moring

33,200,000.

first six monthe (more recently technical recovery on Tutaday,

Statement The matket quietened down In In Troon, on the west cont of parts.

Indonesia (Including vegetable cours au per cent); petroleum, but Ori Wednesday the list, the two final sessions, with Scotland.

Ease of strvicing has recivet countries as the principal sources cits and oilseeds, sugar, hard and 18 per cent of capseity; machine especially the distant deliveries prices easing

Paris, July 21. on Thursday on The vessel was cut through special consideration.

The Bank of Frence state- The ro or agricultural importa into bast Abres, tobacco, COIT), andy, đi per cont; paper" & pulp, rõse tharply and erased the profit-taking and

hedging folment for the week ended July amidships, and launchways con-eciver has been provided with | Japan in 1950, with their values peanuts) 39,100,000,

90 percent.-United Press.

lowes restered in the Friday lowing the sharp advance and 11, reads as follows: structed under the forward cod, | plug-in sub-unils which can be in dollars:

Australia (including wheat,

ond Manilay, szalons.

moving up elighily on Friday on which was then pulled along to easily removed; the goniomedor United States (including cot-barloy, com, sugor, hides and

The sharp recovery reflected trade buying alid weekend Toj gold holdings) 2013014302,420 maite room for a new portion to is incorported in the receiver, ton, rice, wheat, singer, soybeans, skins, sheep wool, and beef,

the reports out of the House short covering.

Total other cur to that all moving parts are other vegetable oils and oll- taliow) 256,600,000.”

Agricultural Committee on pend- Old-cmp July -- went off the reactor supos The

Sigit belegon alroad construction of the kept in one unit.

steds, barley, com, hides, and Other sources (including col-

ing farm bills.

Board on Monday en fluhl prices ID EPUB additonal pent and its succRKE= This new design represents a skin, fallow and lard, tobacco, tong rice, wheat,

"Conuidțies, Chairman. Cooley of 3544- 35,40, up “04 to 88: Advaten, to ful incorporation into the ship considerable advance in the pro- und dried milk) - $460,500,000. bears and other vegetable oils Cameras, 3 Directors, Sechery, addurned the hearing with no points fazn the previous cereal bile duct

tion and took about three months, after vision of radio equipantet for Carzda (cluding wheat, and olisenda, barky, cory hides: 8 Haplograpii, Slicht, 7 Strech Indication liet fro・ planned Thy liquhiation, was crusidered hank notes in cirku which stringost desta fook place|the Jet Agg, in both reliability (burley, vegetable olis and oil- mad skins, below cod Insti, ↑ Tukes, 9 rang 10 Herdine, 11 | Alribir pröensdiaga, and fe orderly as small

tation covering mer to make sitro of the vessel=|and emciency as wen a sim- seeds,

end skins) tobacco ander)

Pictures, 12 appland.

prebéňlativo” Simpton déclared chiy limkød ufferings.—United Curresit, secounts andr plicity of opération.

depasite he did not beljevo Assistant Preas,

મુ to her duty of carrying stores to the firm's trading posts in Canada.

bs bullt in,

stworthiness.

Unique

Ope

PRINCIPAL SOURCES

The Department listed these

110,400,000.

197,000,000-Udled PreO

'inish)

NAMESAKES

Mery Pickford,

the

Romance, 2

כיתי

Linbiller

11,508.403,311

11,771,000,000