1957-09-02 — Page 9

SCIENCE AND

ENGINEERING

Industrial TV In Coal Plant

The first industrial television equipment to be purchased by Britain's National Coal Board is being used cx- perimentally at

a Coal Preparation Plant at! Wath-on-Dearne in the north of England, where it has been installed as an aid to plant control.

This plant, which is the

largest in

THE CHINA MAIL, MONDAY, SEPTEMBER 2, 1957.

TRADE and COMMERCE SECTION

EXPANDING BUSINESS MOOD IMPROVES

ALUMINIUM

TRAILER Most Experts Expect Only

Any mischievous chil- dren pushing buttons in factured by Gerstensla- a unique trailer manu-

ger Co. of Wooster, Ohio, are in for quite a appearance of the trailer surprise. The outward

is conventional, but when a particular but- ton is pushed,

largest of a type in Britain, astonishing things hap and one of the Europe, process the catre pen. output of four collieries,

where

thu

of The 150 q, ft, area trailer

expands to 780 sq. ft., an area large enough to scat u.cre than 123 people.

Emes P.

Martin, president

The installation, comprising a Marcan! indy trial villeon Elmera, control Lit and monitor. Is being used to view the coal luput conveyor system cross-over polřil,, at n

of the company, foresees the several conveyor belts converge.ust of the expanding taller as On the monitor, set up in the e' service · vehicle for armed Tent Control Rean, the Auy forces, for travelling Industrial engineer in able to view beltisplays, and even a home work and loading conditions for alles doelfers. Since the nt this critical point.

trailer

provide sleeping can Any fualing of the belt hesay for more taga 40 people, failure of the drive system 15 a would appeor ako in be us immediately becserl. An usetui as aburrieks. Other

sex might include a radar machine

01

obs'raction or conveyor drive

fallure of only a few minutestation, ar a meblie

duration can cause tons of coal.

10 plie up and spill over,

"

ELD-

of

By pretenting to the Plant Using more than 12 tons Control Enginter

constant aluminium, the trailer is in picture of whal Is happening Fulated to withstand a tempora on the coal input conveyor, the ture range from 40° F. below effect of obstruction and rive uero to more than 120° F. fultures can be minimised.

The fncilly can be sic'erable assistance in The cflcient working of the complex system in a plant such as this, where obstructions and breakdown

have can

very serious effcet if not quickly observed by the control, staff,

Funnel-Less Tug For

River

A Seasonal Rise For The Last Quarter

By JOHN MORKA

New York, Sept. 1. Despite some bearishness as to fourth quarter business prospects, there was some improvement in the overall business mood this past week.

HONGKONG

STOCK EXCHANGE

Our Own Correspondent Business done on the Hong- Stock Exchange this morning amounted 10

$214,000.

kong proximately

Noon quotations and the morning's

transactions;

Bhares

Buyers Bellers

sales

LIK Bank

-

07714

6 880

More experts now minimise the possibility of a more than seasonal rise in business this autumn. Some even hold strong doubts whether BANKS the economic gait would hold at current high levels. The more. pessimistic cite three main reasons for a possible let-down:

Such soft spots as aircraft and, relative stability. This stability defence indusirics suffering from was often advanced by Govern- proposed Government cutbacks, mont economists, and other ex- in contrast to a steady rise last ports as a major reason under- year; second-quarter accumula- | İying. their hop-s that the tion of inventories-apparently infintionary spiral Involuntary-wherens a reduc- caring- its end.

Bou had betn anticipated;; index, 110.0 in January and 1174 indieations that business invest in May, rose in June to 117.4 meat for plant and equipment per cent and in July to 118.1 may be tapering off.

per cent of 1047-49 prices,

be

Much Slimmer

INSURANCES

00

appeal by labour leader Walter Union

Lombard - 341 Reuther that the industry should

Dosk

לן

Stocks Close On A Burst Of Strength

By ELMER WALZER

New York, Sept. 1. Stocks closed August on a burst of strength and gave industrial shares their best gain since May 29, 1956 and rails their best since Dec, 6, 1956. That spurt, plus a sharp rise on Tuesday, left the market higher on the week.

But the market was lower on the month, lower than nt

the close of 1950,

than a year ago.

and lower

Stocks experienced a shake- out na Monday, the weck's

7.00 1000 7.05 biggest day with sales of 2,080,- 000 shares. Industrials lost 5.60

120

points to a new low since March 11 and rails lost 2.82 to their

12.20 lowest level since Dec. 3. Ralls

(011) · 140 1.05 150 1.40

GST

1.00 on Thursday set a new 1.425 since Dec. 3, 1954.

115361%

hold the price line la return for SHIPPING 7.00 tome consideration during next Wheelock year's round of wage-bargaining. Docs, ETC.

nud K. Where ** General Motors, Ford be might

200 4915 The overall Chrysler-the big three of the Provident 12.20 1240 1970

Inchstry-flally rejected Rother's suggestion, insisting;

tend this was not the union's business. Ford said the 70 per LAND, ETC. cent increase in wages for Ford 2016-intel.. 13.30 10% Although Government stafir-

worker's since 1948 was the Crack

Humphreys 10.10 10.30 tics meanwhile show that the

main reason for the 30 per cent alty 1.499 183 US Pony appears

hike in Ford car prices. He relling along in high gear, some The wholesale price indexes charged the union with dodging RUBBER pessimism about prices particul- failure to hold steady in the its responsibility for the rising arty have been under consider-face of tight money and other cost-price spiral. able pressure,

UTILITIES The Dow Jones anti inflationary Government

Tran Industrin

The third bit of good news yaumati average has last forts, means in effect that any about 43 points of its average) price cuts ut

from consumer levels came

stcel industry. c. Light since the February 1957 high, are just that much slimmer ac- Orders for hot and cold rolled

(RU) 12.00 cording to the experts.

shoots are beginning to

Electric 2 20.19 2020 up in incrensing volume and the Meno L... 10.16 Ju Industry is now looking for a Tei, ...... 27.20 subsiandal pickup in businers INDUSTRIALS as the auto industry tools up coment

nov production. ilupe

Continuing Ingation, fears of smaller dividends, have forced Business sentiment gol a boost many investor to hold to the last week from the auto and sidelines or else to unload their† steel Industries more so than

clumping market,

Working for prost-taking in a in weeks. The Ford Motor for -the

tug

The funnel-less Arthur,-15-tons-gross,

has been handed over to the Dagenham, Essex, of haulage company Williams and Sons by T. Mitchison, of Gateshead for barge

Developments

The

tura

Amaiz

1.45 1.475

135

AT THE CLOSE

low

New York Cotton Market

New York, Sept. 1. Cotton futures fluc- At the close on Friday with in- tuated in another week dustrials up 0.29 points at 484.35 of quiet dealings, that group showed a gain on the week of 8.01 points,

pending the develop- Relis, despite a rise of 34.40 ments in Washington with minor changes either way.

230 23.00 600 23.40 points or 2.58 per cent on Fri- 160 105 550 100 day, closed the week at 137.40 But 1600 of 0.72 from the previous week, 103% 18.00

100 150 Utilites netted a rise of 0.33 at

13

500 1200

500 220 8704 in thel; average,

ist ruled 4 points lower to 18 At Friday's close the gentral

points higher or off 20 to 80 cents a bale compared with the pro- erding week.

The Monday break left the list in a heavily oversold position ready to respond vigorously to a 33 34 2000 Russian claim that nation had a 14.20

5,000-mile inter continental ballistic mislic. That led the street to conclude the United States would step up its spend session. ing for missiles and other de-

25.00 15.70

12 12.60

176 8.00

42

Co, Introduced its new model | Chrysler Corp. has alrency bu- STORES, ETC. Edsel Line, the first really new gun winding up 1957-model Dairy

model In assembly-line

and the production,

expects to Walsum Industry since 1938. The Com-curial} production completely COTTONS -pany-hopes-to-tap-the-middle on September 10. The auto-exture 1 pm 4:40- There Wer! three main price market and expects to industry bought steel in the Nwayang developments last week which sell about 200,000 annually. Orst six months at the rate of INVESTMENTS offered encouragement for the

17.4 per cent of all steel ships | Alusd A new automobile and the meats. But the flow of orders prognosticators, however. Commerce Department in its interest generated throughout will boost stcel productions | current

tura vast around the business the country

80 per cent mark and help plug cent last week, operations were pattern which prevailed during the first half has extended over some of the other economic as scheduled at 83.3 per cent, er

In appliances, home 2,132,000 tons into July and August. Avtivity featured "sustained high level building and some soft

compared with Boods. of employment and volume of A spurt in auto demand could, 82.1 the week before. total output."

Downward Plunge

analysts

ot

could

New crop months developed relative Grmness in the later Buying in the de-

fence items. The subsequent deferred months was prompted elino reflected lack of market by a ballef that in time to

affect the 1958 crop situation.

interest,

The Friday risc. coming as

It did before 'a three-day "holl-

day over Labour Day, was help-

EXTENDED

Other buyerS

لب

the

trends finds that the business autoindustry and help it since July to about 85 to 90 per The Bank Of France sure only 1,600,000 shares be extended another year, and

ALUMINIUM HELPS MAKE PETROL Canada's water power, aluminium, and chemistry

notably Co-handling on the river operating to give the Thames. American motorist high octane

With the new Hydroconic hull gasoline. For

the Arthur is form.

three many years, US oilmen sturtily bull, have

platinum-quarter inel plate forward, She is intended for a continuous service using three

have used

arc

on Tyne,

coated pellets of high 24-hour purity aluminium oxide crews,

.

very

new

a

There was little encouragement

Statement

Paris, Sept. 1. The Bank of France statement 1or the week ended Aug. 22, reads as follows:

other sur-

Frano

bellave ed along by lack of selling pres-current loan programme would traded-ard some short cover- that farmers, ing and a bit of buying by bar inditical gain hunters.

It took only ↑ small amount of buying to send prices up sharply.

The street looks for a some what better market after the holiday although no one look: for a runaway rise.

†

following the

would

pattern, quolas in the December Fristendum.

ار

riso Tectrucal reasons were cited for the latest tulility. The markel showed a cumula- dve selback of some $8 to $9 a Olis featured the comer.ch balo from the season's highs Early July. 201.50, date In the week. Strong groups established in

also included in sedition to the Conversely, small uptuman nei 12,930,322,375 wide moving rells, steels, metals, up a magnet to attract 11.771,000,000 chemicals, drugs, alterafis, tyres, selling and realising. Absence and selected nutos, papers, yok of follow-through buying (also equipments, golds and building reflected

continued dull issues.

situation in the textile market and the quiet demand for spot cotton

conceivably set off

chain reaction in myriad industries- Manufacturers'

orders in fact, affect all of them. and backlogs continued to slide, however. New orders at the

Recent igures show

the from the stock market last week first-half mark were off some industry uses 23 per cent of the

The downward plunge of prices steel output; four per cent and backlogs were nation's

58 per over the previous several weeks Total cold holdings. trimmed by some four billion cent of the malleable fron; 10 has probably been the main Total since January, mainly among por cont of the copper; 40 per renson

for such 1053 of sight balance abroad aircraft firms. Prices and wages cent of the lead: 20 per cent of business confidence as has taken continued to rise.

The zine;

21 per cent of the place recently. This has also Advance to Stabilien-

the nickel; 71 per cent of the per-served to bring into new free It cited a one per cent July❘ manent mould

casting

many questions or at least a improvement 11 the gross aluminium; 65 per cent of the cutback. national product, at au annual rubber; 71,5 per cent of the rate of 434.6 billion. Personal! upholstery leather and four per after

income moved upwards" to an cent of the cotton. annual rate of 345.5 billion, about 20 billion belter than the year-ago pice.

The orthodox centrally-placed as a catalyst in the pro- funnel has been ommitted to duction of high octane allow for the maximum of all- gasolines in the plat-round visibility from the wheel house. In its pince are too forming process.

exhaust pipes Ind up small

bull: Into the corners of the wheelhouse. Heat

The US petroleum industry trunks Epends over $50 million dollars

a year on this type of catalyst, ean bo ducted from the exhausts for warming the wheelhouse int winter,

As It is not possible to purify commercial aluminium oxide directly, the Super-pare product

There are two cabins forward

The

is obtained by first subjecting of the machinery space and one 99.5 per cent pure

aluminium art. metal to a second refining

twa diesel engines process to increase is purity to

develop a total of 400 s.hp. at 09.99 per cent.

600 rpm. They are connected This super-purity aluminium through a micr wheel drive is then converted into alumi-

gearbox to nlum oxide.

a single propeller This process, of shaft. A free running speed of course, requires about twice as much electricly as normally both engines and the

0.47 kno

was obtaincti with required,

same great resources of speed hydro-electric power and super-engine only,

benen the

Canada's

purity aluminlum

American motorist by making

the production of more power-

ful gasolines possible at reason- able cost.

Was

obtained

on une

Power Operated Welding Manipulator

FIVE-LENS

CAMERA

A six-tons power- operated manipulator, has FLASH been added to the range This aquipment has been manufactured by designed to take A limited Metropolitan-Vickers Elec- number of hich definition trical Company, Ltd, Traf fred into a water-filled, gluss- walled tank, in dayletit, at exposure of 1,000, 500 or 250

Many look for the market as Fan indication of the future,

The big question mark is Nol a few observers ask

whether

rancice

in SPU

on Fund Total bills discounted 1.000.000,004,400

in Bank notes

culation

........ 3,159,300,529,38D Current accounts and.

deposils

406,461,809,903 -United Press.

consumer whose whether the break in the stock The Bank Of England

Statement.

spending has been somewhat| lists could set off a bust like There was much disappoint- sluggish--will resist the antici- the one In 1929. ment; however, with the up- paled hike in the prices of the.

Not ward advance of wholesale 1950 models which will soon be business depression that lasted a few recall how the prices. The July Index of coming off the assembly lines. wholesale prices moved up 0.0 Prices are certain to rise some from 1929 to 1932 started with per cent after six months of say as much as $100, despite the a break in the stock market and

a drop in business in Europe.

'The experts have ready answers to those questions. They

Notes in clorulation point out that this market Public deposits hasn't had a 10 per cent decline Private deposita 09 yet and that the drop has Government recurities heen the minimum of trading noceipts The big holders of stock aren't selling. The sales that have been made to realise profits have been from smalt holders.

STALEMATE FOR

FOURTH MONTH

IN A ROW

New York, Sept. 1. Cotton grey goods developed a week of slow business, extending a business stalemate into the fourth successive month.

Print cloth sellers reported an increased number of transactions, but quantities involved were limited, emanating mostly through second

Big Difference

There is one more big dif. ference between this market and

the one in 1020. This is practi-

cally cash market, with trad- ing margins at 70 per cent. It is also an investment markelj with a minimum of the specula- tive excesses that prevailed in

1020. The few speculators are the ones who have realised pro-

Kits, it is noted.

Despite concorn in the current

TRADING VOLUME

hedge

While mill inquiries for apot

From the year's low sat on Feb. cotton for nearby shipment 12 to the high set on July 12, the multifed, traders thought they market had risen 20 billion in were mostly on the

side since actual sales

value of all issues. From July 12

to Aug. 20 H fell by 23 billion. 1 has been slow.

It gained 3 billion last werk.

the

AN INCREASE

Bome

curiosity

volume

Daily average trading volume worked out. ai 1,099,540 shares, London, Sept. 1.

largest since the week ending Looking ahend to the govern

стор The Bank of England state- July 10 compared with 1,984,365 ment

report-scheduled Volume in the previous week.

for Sept. ment for the week ended Aug.

quarters dwindled each day after the big anticipated an Increase over the 28, reads as follows:

session on Monday.

11,897,000 bales estimated by The week's dealings brought 1.304 issues

government in August. on the tape. Of this number, 768 recorded gains

Entrica under the loan pro- gramme have been slow due in Part to the retarded rate of ginnings thus for. Impoundings to August 24 totalled 12,490 bales compared with 71,264 bales to the some time last

Sterling 2,995,479,050

11.003,

273,443,748 235 285 596 on the week, 516 loat and 172 15.080,25 hold unchanged. There were 12 new highs for the year set end "United Prom 415 news lows.-United Press,

Other securities ........

Ratio

11.3

STOCK MARKET

EDGES

UP SLOWLY

photographs of projectile models ford Park, Manchester 17; hands. Mill sources reported just enough business market slump which will have) without anybody being much impressed.

England.

The machine is of fabricated "to keep the machine idling in low gear."

steel construction with the table

these days do not appear to be

season.

The NY Cotton Exchange reported exports of raw cotton for the 1957-68 through Aug. 27 totalled 303,179 bales 0000- pared with 391,211 bales to the same time last year United Press.

Labour Day Holiday

New York, Sept. 1. Financial and commodity mar-

keis in the US and Canada will be closed on Labour Day, Mons day, Sept. 2.

European and Aslan markets will byerate ussini-United Press.

London, Sept. 1. Stock markets have edged up slowly all week

an adverse influence on business,

The market saw without excitement War many who ask these questions pictures per second.

Loan recover 25 shillings to £66 1/4, but it is still Each camera has 5 lenses of designed for either constant Of Hopes for n business plek- In cotton yarns, the market | overly worried. They continue aperture 15.6 which are opened variable speed rotation and for up continued be expressed-for course Corint continued to spend large suns for goods, bumping along the bottom. In hum by mtuns of a special { ti}fing. up to an angle of 135 possibly right after Labour extremely aluggish, Spinners although they also art saving shutter arrangement synoltronia- degrĊES.

Day--but because

dist have of

There was a rush by the substantial more. The DD

hold who

Old Consola recovered 10/- ; ed with a banke of 100 joulo Both motions are imparted to appointments on that score bookings or the fourth quarters stocks, by and large, aren't rush- to 484 compared with its pessimists in oil shares to cover

the table through motor-driven over the past three months, und maay

are not anxious to ing to sell on the declines. In 1957 low last werk of £48. their previous short sales, Their worm and wheel gearing with optimists were in the minority, de so at current low prices. fact, many Investors report they Among the most respectable professional buying lifted Royal

Some increase in Inquiries are even adding to their hol-industrial shares there was also Dutch shares by 10/- Barah Exchange Rates

short duration Bash tubes, Flve

composure of size 34 in by 374

in are taken on a single sheet

made

ones

millmen felt that manufacturers, promoting hopes average price of stocks in their

portfolios,

Hard

zytations

nevertheless keeping Д

It

the

manpore

.

automatic braking and locking of emulsion 13 ius square.

mechanisms. Two high torque

/PRIMARY REASONS

Oll by 3/-, British Petroleum combod countsings at reduced market prices a very modest recovery. developed in The emulsion is pressed

squirrel-cage motors are fitted

by. 2/6 and several others by 2 outwear end thus bringing down the

ONLY FEATURES from underwear and spalast a les phate which may on the machine with

Budge why done in the local ahillinge Yet some

unofficial constant

market mchango be engraved with n referon.co

during the long

The South African effort to morning at the following rates: period of that the demand would be

WAS reflected in grid.

Two or more cameras speed rotation.

While some businessmen in- If variable speed is required, inactivity, stocks of grey goods translated into forward buying|sist that the market

financial Times index of in- revive a boom in gold shares 18, dollar (per aly operated singly in

Biering notes toer £13 one of these is replaced by a available for feeding through after Labour Day. Buccossion or in stereo-pairs to

tell the whole story dustrial shares which improved was only moderately successful: Auriralan notes (per 1),

Gains and of batween 1 Indonesian rupiah” enable an analysis in three variable speed motor with clee the

about, business prospects, they trans, Inst week's 1083, to this was shilings were rattered in a bar on consumer pipeline have tronio control giving s

abre markots ruled are dimensions

spood been whittled away to a trickle to ba made to * high degree of accuracy,

of 20-1. Tho design

per cent below its 1957 peak of through the list. so that on that premise alone mixed, Burlap Improved with close eye on lia Ductusilona. To

German bonds led the whole effect reduce the

of facilitates a quick conversion they felt "a diango is definitely the Calcutta market..

The consensus of many busi-207.7, touched 7 weeks ago on prices held unchanged in face nossen is tit

foreign section, Germanis 7% NAMESAKES chromatle aberration for objects from one type of motor to the in the making."

things aren't|July 10. off the Jens axle, a water Tens other.

Primary Tensona cited

tho of a small business, and limited so bad after all. They a But the only features were were strong with the aastated arrangement is Atled to the

Motor catrol is affected usual states of the textile offerings. fail prices were cautious on predictions for the Unilever's fall of 2/ Maria up £5 and the non-trented up

Auswar Gog 3 Radio, front of the cameras which has from

push-button industry Included: 1. Over- lower as

Wall and Spencers : loma of 179, 82, the 615 per cent · Potash | Patter, & Anthos, & Laughter, sellors gave con future, bECRURG " of "` tho the effect of continuing the station. complete with Interprodueiion; 3, Under-consurap- cessions in a move to revive Street gloom, but their plan balanced by gains of a shilling Loans gained: 23, bots acted Compers, 7 Acting, a Slare.

United Sat 10 Television, 11 Comedy. wator in the tank into the connctions in a 20 fear longlistion; B. Excessive importa; 4, consumer Interest, United Indicate anything but foar of a in British American Tobacco, and non-assented, osmern foolf --LPS.

Arthur, Askey. PIREL "Cut-throat", competition,

broad recession,====United Press Courtaulds and a few others | Pross

A remote

of Bexible coaduat

Hamp