1957-07-29 — Page 9

THE CHINA ‘MAIL,

MONDAY, JULY 29, 1957.

Page

SCIENCES A

TRADE and

COMMERCE SECTION

ENGINEERING

SUPERSONIC JET HALF OF GAINS WASHED AWAY

BURNERS FOR Profit Margins Expected

FAST HEATING

The development of a range of “Jet” burners by the Gas Council has achieved some remarkable results in heating processes.

to

An example, demonstrated recently newsmen, was the pre-heating of valve bodles prior to metal deposition in which the required portion of a two-ton valve was houted to 750 degrees centigrade in twelve minutes-a process which hitherto took about six hours.

High interally heating has bezamo

feature in a common industry with the advent of electrica! Induction healing

and. by shift meital, leani heating of Sanib complex strpatures is made possible by the high heat Input rates em- ployed per cubic foot of material being treated,

GENERATORS USING

To Come Under

Further Pressure

By JOHN MONKA

New York, July 28. Business conditions in the United States romained largely spotty this past wook.

Although production and employment are at their peaks, rising prices and the general inflationary spiral have washed away about half of the gains. There was disappointment also with the failure of the stock market to resume last week's assault on the 16-month high after edging closer to new high ground.

DIESEL ENGINES moving higher, profit margins

Capital Expenses Herryy empilal expep and Newage (Manchester) high running costs,

couple Ltd, Manchester, Eng- with teganiënt dieulties in-

heattor land, have introduced a Induction volved in have, however, prevented Ita new standard range of adoption Fortunately, recent development generating sets incor-

צווה for

revolutionize

pruceǝtes,

may proceSTES |

With the price, of raw materials and labour are expected to come under even further prossure, Imminent wage hikes and possible labour strikes over the next twelve months did little to encourage business sentiment.

in the gas industry promise porating diesel engines where high intensity heating of 2.2 and 5.11 capacity 1047-40 average a record for up to 34 kilowatts output,

evolanded.

to soine two

Recent Work

f the baseplate,

do

years.

Year:

Consumer Index

the consumer

HONGKONG UNCOMFORTABLE

AND PATCHY

STOCK

EXCHANGE WEEK IN LONDON

London, July 28.

Patchy and

Our Own Correspondant

Weekly London markets: Besingas dend on the Hang- uncomfortable. Thursday's economic debate in mong iounted to appro- the House of Commons seemed to answer nono peng Stack Exchange this ximately 8560.000. Noon of the City's questions about the near and long- term futures, Then there were strikes; the Middle East; and sterling sliding from 2.78 11/16 to 2.78.

ilous auct the morning.

transactions:

*Shatex

BANKS

Buyers Sellers

HK Bank

Кр **** 1180 INSURANCEA Union

production for August calls for SHIPPING

13 days output, a bit ender the Wheelock.. July allowable. Meanwhite

he ell Rdustry in an effort to ten has been reducing prices on WHATE overcome its over-supply, DO, DOCKS, ETC. most of ils products,

Deck

The

Provident X (1)

EX

Balan

p3 $30 01

#4,10

2000 61 8 1003 v

111 113

40

12

100 g

11.00

12

LAND, ETC.

Hotel 15.30 13.09 315.40

35 361 1000 30

Lend

Humplirers

that C. Light

of

Textile

10.00

+1.43

1.35 195

1.39 1.40

24.30 245

500 24.43

108

133 130 106 103 707 18.542. 240

400

2:30 20:30 20 10.00 20-30 201

1000 10

200 G

LOSSES FOR

COTTON

The Financial Times indices senrecly novog all week.

The industrial index cimed last week at 203.2 and cloted this wook ni 203.5 e index of governmenia, after falling from inat Friday's 81.70, to 81,57, close at 81.92 compared with 82.06 just month ago. The Friday turn- over of 9,600 shares was the loyer since the end of March.

Some surprise was expressed

| By WILLIAM T, PLUNKETT | 2t the fact that steel company

New York, July 28. Cotton traders last week found the line of least re- sistance on the downside as the market sild off gradual- ly to losses of more than $2.50 a bale.

chores remained unaffected despite the increase in pool. prices effective this coming Monday.

DOLLAR SHARES

Demand for dollar share continued throughout the week Prices levelled off a little from lifting the premium at one time the extreme lows, but at FY- to 20 per cent but the close won day's close still ruled 30 to 47 a shade lower at 17 per cent points lower, cr off $1.93 to The all-time ligh for this $2.35 a bale feep the preceding premium was 34 per cent, i week.

1949, when immòurs of devitus- Hedge calling, coupled with ton of sterlings were rife mofnly new crop Texes make merg well-te- peuple. 16.00 inge, plus a

favourable shores zigzagged all week. At 350 12.00 tonor of erep and weather news, the clase Royal Dutch Find Im-

and the disappointingly slow proved 7/dat 24%, li development of expected pet-bit under its 1957 peaks of £23 vity in the textile market, were wale Shell Transport, In leading upsetting influer.cos.

34 500 6 331

13.70 15.00 1000

12% 19.10 1000 G8 12.00

9.50

4.325 4.315

19.40

Within the last month, the Essó country's biggest reiner, The meat unsettling factor reeeid ammua! Inventories, which Standard Oil Co., reduced heme price Index la 120.2 per cent of 800 million in the first quarter fuel by two-tenth; of a cent o was the re in the consumer went from a not liquidation of eating oil, ketosene and flern lo a plus of 1.5 billion in the

gallon. If so cut 10 cenes fun The tenth conspcutive recend quarter, on a gentionally barrel from the price of certain Realty in the notraal bunun or neat

month. Afer

adjusted bosis. Eliminating the az fame type of burner the

relative stability, the index is inventory factor, the tist in the is of heavy industrial fuel UER

oli. Other compantes rele of heat release is some nɔ)

well over 4 per cent higher teeend quarter was smaller than

fellowed the

have Antiali Trust to 10 million British thermili

Esso lead. was 15 months ago, the 3.1 billion Increase in the pressure of ever-supply has so In the design of the sale the than it

The UTILITIES Trai ... units per cuble foot of

of fame primary fuctor which has been | Prices captiui goods,

for ret

quarter OVET tho last far erased about half of the Star Ferry.. volume. This can be varied by her in-inind is the need

Yalmati to example, havi risen 15 to 20 quarter of 1930. However, the product price advance burner desiga vienre innidifications to

absolute und the provision of pre-mix allerment to the engine and the

permanent per cent over the past two orond quarter rise was in the followed the controversial

overall about 1 per cent above ativance in crude oil prices in Electric pient or air blast type burners planet.

issoplate of

the previous quarter. enables this rate to be inercarred rufticien, idity and adequate

January as a result of the Suez Macao E. Meanwhile retall. Inventeries.oll crista.

Tel to the mill cross-bracing in order to ensure D.T.U.'s per cubic foot of tame that the respective weights of

INDUSTRIALS are below year-ago levels and

Cement volume.

the stack-saic The rise In

ratios aro the engine and alternator

Independent Petrolcum Rope

STORES, ETC. -eduction in Association of index will add from 2 to 4 cents lower

America, citing Dairy not urösture deflerilen or twit

most consumer Sxcessivo high imports and the Vation an hour to industry's wage bill, venteries in with about 050,000 worker In

appliance and television wereced inventory situation

Soft stemming from the loss ck, havo been marked. electrical, The

aircraft and Industries

goods, textiles

after the Suez and apparel export markels

MUSCELLANEOUS that t of

points out Cost in their

In the steel industry, the auto domestic crude production union

hdp

Usbro ngbeen reduced sharply from peak returning

INVESTMENTS Allied ns of 7,717,000 barrels daily in put added pressure on the

Pak Be Fit": government's anti-infiicuary inventories skar erwinl loveis, March to about 0,000,000 barrels Lavest policy of quraing demand and boosting steel cutput higher for Cally in July. On the other the third straight week in July. hand, erude imports which were business expantion via tighten operations air scheduled this reduced to 835,000 barrels daily ing of the credit crews.

past week at 81.2 per cent or in March, were With the Each engine lp complete with

scheduled for The the 2,079,000 tons, of living, on Cost a ngrrow opening at the funuci fuel, all and air filters, exhaust march,

compared with increase to 1,275,000 barrels in union leaders

are 87.7 per cent two weeks ago.

JulyUnited Press. mouth at supersonle velocities. lencer

precision expected to press for new wage The combination of high tem-mechanient governor. A heavy- and fringe benefits, Labour

Steel Industry perature and velocity gives these duty starter motor with battery insiste that it has to negotiate burners their phenomenal heat-changing equipment is fitted to per cont wage rise just to ing potentials,

each set.

the regain purchasing power of With these burners, the need

last year. Cement workers have for an operating rate somewhere for surrounding nuterial to ba

been on strike for several weeks between now, crippling construction and

and 90 per evnt i Burless WAI dona In the local over the next two quarters. idling thousands. They are now

un meiri exchange Inarket thi asking for 10.5 cents an hour some basic industries will pro Sterling note per i

Liquidation of Inventories in morning at the following rater-

US dollar (per $1)... 6.01 16.17 waxa hiko.

be completed over the Australian notes (per £1) two months. workers next

If finalindolan rupiah (or 100)

Slam test (ber 100) Singapore (Straits)

Com-

Recent work has, howevel, made it possible to increase the To add to the rigidity of the Tale of release within refractory baseplate and keep the tunncis up to some 250 million bined unit compact anki pepeps-automatic. B.T.U's and a

range of whut tble. are known as jet burnery have it permanently indo poullon been developed.

between the side member, and the baseplate, thereby founing an Integral part of the latter.

In this type of burner, con bustion It completed very rapidly in a chamber or tunnel and the resultant Taxes t temperatures of 1,700 dogreva centigrade are discharged from

Ping Blacks have also landed lower. settlement,

fuel tank has been bult escalator is expected to buyers appear to be

COMPLETE

and

theso

414

unita

the

contracts.

to the

market

nguồn

The steel industry now looks Exchange Rates

bably

00

treated with refractory structure Newage/B.M.C, diesel engine to prevent heat lots can now be and Stamford" alternators are dispensed with und the coupled together for the first economic heating of large time. The Stamford system ut structures has made possible voltage regulation is of the since conduction and radiant static type without any power- Meanwhile, rubber lasses are insignicantly smmall

conrumlig exciters or auxillary are demanding at least 10 cents and continues it strong as In comparison to the high heat braslayer. All the necTVARY an hour from the Industry it has been, the second half or input tale.

control components are incor-leaders -- Goodrich, Goodyear, the year could be better than

Heirst, just as in 1950. Stabber. 200,000 st^{

Another disquieting factor

ELECTRIC THERMOSTAT CONTROL

porated within the

Name of

Firestone And

and US

the machine so that the control fabricators are reportedly acting leg anticipated was the report gear is cooled by the normal renulation of the machine,

for package settlement of mure this past week that narrowing than 60 cents an hour, In the pront margis in evidence in Varying field excitation need- background, the wily head of 1050, appears to have ed for constant output voltage the United Mine Workers, John over into 1957. Corporate taxos carried ls derived from the alternator L Lewis, is expected to ask for betore taxes for output through metal rectifiers,

Me January- more money for his members. March perkod totalled 430 billion, thereby dispensing with thee can reopen his wage agree ecstnably adjuster, normal summutator and brush-ment any

decline A British firm has de- gear or external rotary exeller.

time after August. from the 45.8 billiga rala of the So far this year, work daya last fourth quarter in 1940. The veloped a new system of dual purpose of producing self-

The controi scar Morvca thi because of Labour troubles have figures LTC

been at about half the year ago of thermostatic control.

your'a excitation and self-regulation pace, lowest in 10 years. But decreasing prot mai p No use of

electric on the alternator. or

no body is sure about the un thermostat with

of sales. Many experts its inherently

future.

now wonder whether the balance small differential to operate

of the year will show much diaphragm valve through

Improvement, if any, with com- hydraulle relay

claimed,

It

is

The

Hives, a particularly sensitive thermostatic control of

hrating medium, coupled with reliarity of operation and ease

of maintenanco of the impin components.

the

ment

addition,

three

arrange-

DUST CONTROL SLEEVE

ง continuation

paltern

Of

petition becoming keaner and

10.00

2004.875

more

4.23 4.35

CAUTIOUS POLICY 200 440

10.00 11.20 1000 it

200

11

Bank Of England

Statement

London, July 28.

groved only 34 and British Petroleum with a gain of 57- nt 160 shillinge was a long way Offering developed gradually, under its 1087 peak of 173. but with buy following a Foreign

bonds were cautious polley In view of ever pletely hanging uncertainties, the mar especially

out

the

coin-

of the picture

Europeana ket settled back slavly in dull Chinese werp fold languidly anishing on loft and closed a bit lowes. Foreign for four out of Ground

the bank rates have figured almost week's five sessions.

dealings,

Traders started to direct main day in the news as one country after another attacks the local murge of inflation by trying to

attention toward:

The

The Bank of England state- erop estimate of the season analeg borrowed many expo. nent for the week ended July

24, leads us follows:

Sterling

Notes in cireutatiea Publie deposits.... Private deposits Government securities.

12.38 Other securities

13.30 | Receipts

27.00 Natio

1,80

government's frat the size of the crop, scheduled to Aug. B;

Five.

But the market piepesupation

drifting inta recession or it

2,340,253,017 2. The Government loan rate in with Britni ndustry, 马踏

214,130,102 Opinion differed on the parity not?

10,974,023 for the new crop.

257,940,770

When we look at ship-

29.963.008 rate to be used in calculation of building we see ordezu niled far 15.050828 the new loan rate. United Press.

4.3

Stocks Rested

On Wall Street

By ELMER WALZER

Early this the next 12 years. But whon year, the Apicultura Departs we look at motor manufacturing, ment announced the minimum we notice putput much better rats at 77 per cont of parity,

then in January but well below After that there was

that of 100G or 1965-United KAW ing belief that it would

ulti-Press," mately be fixed between 80 and 85 per cent. But this week scati- ment changed again with doubts indicating the rate might i be at the minimum, or eply slightly above-United Progs,

Japan's Import Of Wool

The Bank Of France Statement

Perla, July 28, The Bank of France statement for the week ended July 13, reads as follows.

Total gold holding. Tutal other

fercles

Sight balance abroad

In EPU Advance to Stabilize- Total bilfa discounted Hank now in etr

culation

depozity

Tokyo, July 28, Japy's import of raw wool and pulp for chemical textiles dwindling foreign currency and Current accounts and will be cut sharply to save compensate for a stump by textile dustries, government and Int dustry sources sald today.

The Maistry had allocated foreign exchange for the import

of 43,000 tons of pulp for chemi-

Franc 201,204,302,420

10,971.208.094

11,771,000,000

zerp 2.033,503.001810

3,210,320,095,315

300,327,005,437 -Unid Press.

NAMESAKES

cal texilles but is reported Answers Willow, 2 Pathos, plecalig to suspend the alloca-3 Heroine, 4 Tragsdy, 3 Hamlet, Ophelia (Fierp Shakespeare's "Hamlet")..

en for the import of 24,000 tons & Affliction, 7 Water

ration to the apparatus to ho trolling sleova qasily fitted resulting commodity price expected to put the report in reports on earnings for the first half of 19; these more scheduled for the flest hal?)

cause,

and

of the three components in.

A new type of dust con- controlled is very Rexible be.

although the

electric for

pneumatic chipping thermostat must, of course, be hammers has boon de Afted into the circuit or veste. veloped for foundry to containing the fluid to be con- quirements by the Dustuc- trolled, the relay, which is the terconnected to the thermostat for Company, Ltd, Hayle, support for market prices these by electric wiring and the clop Cornwall, England, hragm by 4 inch bore copper ping, can be positioned on an adient wall or other conveni-Dustuctor equipment, on the

based,

10

New York, July 28. The Investors

Stocks rested during the past week with volume falling off to the smallest daily average Meanwhile investors continue operating coats alsing:

since March 29. Railroad issues scored a small to be torn between inflatior. Meanwhile, the oil industry is. fears and traditional price-nwalling depils at the Spyern- net gain but other sections declined small earnings and yield yardsticks, ment plan for curbing imports amounts. Industrials finished the week at 514.30 Investors, according to experis, at crude oll which has been in their average, off 1.14 points; rails 152.33 up appear to be turning to common under study at President sticks na hedge against in-Elsenhower'a

fo 0.49; and utilities 70.00 off 0,64, diretion 1 fation on the theory that with several works. Seprenty of

It was a week replete with corporation the new round of wigo hikes Commerce Sinclair Weeks 16 incroasts, the government is not the hands of the President with showed gains over last year in the oil, steel, likely to take effective steps

Immediate in the next ten days, pobly chemical, electrical equipment and selected auto to arrest the toorer.. spiraling inution.

This feel

companies. ing is ascribed as the main

Voluntary Type

Lower earnings cppeared in Oll shares were sold on the days, and on that basis, many

many lines, gotably reil, textile, bellet the group would be unnbie experts look for # further Detalls are still pret, but metal, cud airline. Wall Street to keep carnage up to the levels other market advance.

Indications

ihe Weaks tried to enticipate ifp carnings of the Arst half, which includiad en place. The diaphragm valve low volume high velocity after a higher yield than bonds towards a continuation of

Ordinarily,

common stocks Cominifiệc his book lenning | and play the market decordingly, a period when American com- can be fixed at any convenient tem of dust collection of pour. But over the past few months, polinomestic Producers claim ler's record arst half net of 10.23

panies were alding Europe with The traders estimated Chrys its Suez-created all problems, place on the piping.

Type of controls RNARGISING

In feting operations, rezydr- the gap bas harrowed so that which

Motels Ok. So dut some of When the temperature of the gerous

able dust, which is most dan-in some instances, bonds are h ·talled.

reported lost 2.14 last year almost ex

the drings. Selected stools were in the invisibiq size producing a said to be heated in below that rau of 0.0-5 microns, is investors demanding in effect

a better yield, In- voluntary quetas would put the pose and then sold the clock depressed Aircrafia met further aaliowanen Imporis somewhere for bronts when the report was selles. The romanes seemed to for which the thermostat is at, Jurione

health of higher return to protect them around 1,000,000 hotels dally. Luc. They also sold Bethlehem come out of U.S. Borex which sergising the solcanid, opening it is claimed, collects the dust Stoel

Blockholders, on the

last 7 pants, other hand, formula

put νομία the pilot valve and allowing the created at the chisel exige when are hopeful that ownership of around 150.000 barrola. Domestic operating water to pass to the "fettling or cleaning aici des- equities

Richfield Oil Blood out in the diaphragm valve via the leak ealing castings or similar against Inition

will protect

preloleum group with a gain of them products fave been complain-

34. polule. Through Ining that the high level of crude

Amertin lost 534. orifice, causing the valve to open, operations.

The general torior of the National Lawsont 5 prints. As the temperature reaches

creases in the value of the importe have sent ell stocks. the set point the exterical off shipck-absorbing characteristics once a cent retur 180 2nd of Jure slushs totalled list behaves wall and lint a more thret 3 in a lower prcraft It la simple to fit and its principal, and henge it welling conging to near-high levels. At market comment was that the General Dynamico was dowp cult brolgen, stopping the salst the operator Dust collec- nor to the diaphragm,

WELE 797 million barrels 12 million Pure here for consolidation of group. Schering, lost 0% in the The leak orling them belleves Inch (354 Centimetres)

Han talige loo at about

ne ludication that the long swalled grote loan a pour ago and use monitor drugs. Chrysler was down only ting promits on ti diaphragm the chimi pokat, the dust being my put th.

trom røverne in mician inilion show of the level in Was made to scale the 1930 for 4 post on the week despite a 10s when I distrils was a favorable lure of a in the Fridas" spalley, and the yaiva The diap-srawn throughs alola

The Council at industry lies to

Of the 1,380 Imanes waded qir on hentic Adviser par arvontories hould be at their evelopment. for

the week. 744 showed' deelinde, Inner surface of the chimst week reported that the rods atumust high on Novembor L maximum water promue of £2 per from which the dust is tednational product with doll out celing the hial ways of empmited as of 1950s o... ghpron, changed, there were fe now Daily verodo trading in glocks 472 and 170 held un- pounds per per pich, gringo to an 11-maktbranch at the pin et ponderales service pudo and (swajitas olja iniparti namaist 29,023,37% shoves in the lowers just about a doubin the Royles, 16s-Fam; Michitater; top of die Leeve and theres Inezganet loss.6 billion in the the Texas - Railroad. Dasar previous England)

to the colleeling abparatus,

wwele zaidi: 2,109,609 62 which set hig aðčona, quarter to reách kha (misalon's probatda allowable shares a year ago.

United Prees. "E

to

of the year-United PreSS.

PHOTOGRAPHS

by our Staff Photographers

Children's Colf at Deepwater Bay St. George School Swimming, Victoria Pool St. Stephen's Girls College Alumni Ball, Ritz Buffet Dance in Aid of Sea School, Yacht Club School Children Arrive for Hallday from UK.

lectric) ojicult is made thus foundhymen, Thli shkel aleeve, |úgalno; erosion of their values, wheróna a outback to tho. 1051) after it issued a record tst half fell 5 points. International Sant U.S. Swimming Cooch Giving Lessons at European YM.C.A.

Meanwhile, themo

report.

Imporis

GENERAL TENOR

Scouts Jamboree Contingent Leaves by Britannia, Koi Tok Troopship Oxfordshire Sails from Kowloon Wharf Cubs Competition La Salle College, Perthi Street

Locatis

Presentacións Local Wedding s

Local

Etc. Etc.

-Availabia

SOUTH CHINA MORNING POST. LTD.

udham, Straat.

}