1957-09-09 — Page 9

Page

SCIENCE AND ENGINEERING

PERSONAL RADIO

Shortly to be in production, a transistorised personal portable radio witch contains six transistors and a diode-long and medium wave, and weighing only one pound seen being demonstrated by Mr Richard Roberts, who la neen taking it from his inside pocket-at a preview of the Radio Show which opened at Eari's Court Inst week-Keystone Photo.

Electronic Batching And Summative Counting Machine

THE CHINA MAIL, MONDAY, SEPTEMBER 9, 1957.

TRADE and

COMMERCE SECTION

U.S. Consumer Watched Carefully

ECONOMISTS BELIEVE

HE WILL INDICATE REACTION OF ECONOMY

By JOHN MORKA

Now York, Sept. 8.

3 slower-than-

consumor

With Government spending increasing at

expected rate and business capital expenditures levelling out, economists now looking to the

aro for an indication of the direction the US economy will take in the months ahead. Businessmen meanwhile are still keeping an eye on such key economic barometers as retail trade, auto and steel production, construction activity and inventories.

of

But President Eisenhower's, a 2.4 billion rice over a

Back in 1955 the rise in appeal last week to business and ago. Individuals to cut down on buy-July held about 40 per cent ing no matter how much money auto debt, with finance com- they make turned the spotlight panies under 50 per cent. on what millions of American consumers will do with their dollars.

Credit Squeeze

0.10

AMERICAN EXPORTS CLIMB

Washington, Sept. 8. US exports climbed

to

$12,593,000,000 during the first soven months of the year, 17 por cont abova tho comparablo

COTTON FUTURES MAINTAIN OVERTONE

OF STEADINESS

By WILLIAM T. PLUNKETT

New York, Sept. 8.

1956 lavel, the Census Cotton futuros traced a narrowly irregular

Bureau reported today.

The report said that for July alone, exports of domestic and foreign merchandise totalled $1,600,000,000, five per cent less than In June but three per cent more than in July, 1958.

un-

At

course in a four-day holiday-shortened week, but maintained an overtone of steadiness most of the time.

Friday's close the lat points higher to eight points lower, or up 35 cents to down 40 cents a bale compared with the preceding week.

[+

rally were coupled with mainly technical reasons, market analysts thought, following a alow slide in prices during the preceding eight weeks.

Included in the July figure is i $108,860,000 worth of ship- ruled seven ments of millary goods. DUE MAINLY The drop in exports from

Recurring efforts toward year able to avoid tariffa and other June to July, the report sold, was dan mainly to lower over- trade restrictione.

industry spokesmen also

seas shipments of whest, impressed with the higher pro- manufactured cotton, coal, avio- fit margins that such investmention motor fuel, passenger ar- bring because of the lower taxes, i planes, civilian automobiles and

commercial trucks and busses. wages and raw material costs.

the end of this By

rear, Algo slackening were exports reliable estimates, of unstemmed due-cured to- according to While opinions are mixed, the

A crèdit squeeze on auto buy US finns will have something bacco, pig iron, steel billets and Ceneral feeling - that nny

and linsced Ing could spen the all-rence like 32 billion invested in foreign crude cotton seed slowing down in consumer

between a good and only Arms. The oil industry in parti- eli-United Press. spending at this time could spell

avminal fourth quarter. for the US economy.

Mean-cular hes a major stake in over- Trouble Many think consumer spending white the upward pressure on rens operations. Slonderd Oil Iatronos pre Co. (NJ), for instance, reported has been very important prices continues.

how expect to seek another that 78 per cent of its 1938 con- factor in sustaining general three per cent hike on treigot | solidated net income of $80.- bustness

Jevels, a: current

rates, after reçent hikes ranging | 535,000 came from operations Others think the American con-

President to seven per ecat. They blame outside the United States. Bas beaten

Jubour costs. Treasury American Steel Arms have Eisenhower to the punch in his rising

texin borrowing cost invested

the large sins in appeal for discriminate buying short

new 24-year high development of iron ore reserves to help combat inflation, which moved to

Venezuela und he termed again the No. 1 o. when the D1-day bilis sold at an in Canada,

average cost of 3.571 per cent.Liberia. mestic problem.

The previous high was two Aluminium companies have weeks ago 3.408 per cent.

huge expenditures in The Bonkers Association also bauxite operations in the Carri- found that some collections are bear area. It has estimated becoming a trifle more ditiicult; that US flrins now have

con- more delinquencies were show-struction projects underway in

The rate of reposses- | some ing UN.

25 countries. - United slors was off, although losses Press. from these repossessions were that the post-Korean war mereasing. spending spree is over ond

sumer

More Cautious

But retailers all over the are almost ununimouIA country in their opinion that buyers al- endy are more cautious in their spendlag habits They insist

consumers now are more

The Importance of instaliment dis- buying

as an aid to keeping criminate Ent their purchases goods moving irom and are sccking quailty shelves was pointed up from on

merchandise.

Consumer

are expected to chell out a record 278 billion

Bource

retau

uscxpreied

Last weak. The "conservative J. C. Penney Co.—urth sargest reimi organ-

in the United States That's an increase of almost 12 aoandoned its 55-year-old cas0= |

A big part of the it was golf to experiment with

sunk

Rumanian

Mission For U.S.

AUSTRALIAN AGREEMENT

WITH JAPAN

Canberra, Sept. B. The Australian Tariff Board said in a report to Parlia- mont last week that it is still too early to Us1031 "the advantages ar dir- advantaga of the trado agreement with Japan.

Operations were given over mostly to evening-up of ac- counts as traders looked ahead to the Government's second erup estimate of the season- scheduled for Monday morning. While sellers were 'henltant in face of the low prices, new buy- ing Inteces! was equally cau- tlous in face of the more favourable tenor of crop news,

The slow plus the discouragingly

report said that only development of new buying in experience will tell witht bene- the textile markel and the slow fits will be gained by Australian

industries and rate of entries under the loan export

any programine.

disabilities that will be suffered Private crop estimates ranged by local manufacturers. Ottawa, Sept. 8. Canadian exports in the first from 12,200,000 up to 12,750,000 bales. The average of six stood * soven months of 1957

at 12,383,000 bales, or 436,000 wore 1.7 per cent higher | bates over the Government's agreement could have repercus-

CANADIAN EXPORTS UP. SOME

AVERAGE GUESS

However, it cald, the Imposi- tion of duties at levels anything like those mentioned in the

Bru

in value than during the Aug. estimate for 11,807,000 sions in other good customer most Last year's crop totalled countries also entitled to same period in 1956 and bales.

Lavoured nation treatment. 13,310,000 bales. imports were 1.8 per cent

The effects in the Unlig higher, the Bureau of

Kingdom could be severe if the Statistics said today.

rates imposed on imports from The average guess of New the United Kingdom Exports during the first seven

York Cotton Exchange members determined by a reduction of montha ot 1957 totalled

Imports was 12,208,000 bales while New the margin of preference from $2,779,800,000 ond

Canaan's CatlOrleans Cotton Exchange mun-most favoured nation rates and $3,888,200,000.

bers guessed 12,429.000 bales.

catablished method' mated impart surplus for the

not by the unsubtly favourable based on the relative costs of totalled January-July period

weather conditions with

during economic and effelent produc- $608,400,000 compared

brought the contract $598,500,000 in the samo perlod

a year ago.

A new electronic instrument designed expressly this year for goods and services. sation

Value of Canadian exports to for both batching and summative counting billion over 1056-itself & record and cory policy and announced

United States in the seven- month period has been produced by Atkins, Robertson and year.

In explain-

1,640,000,000 versus 1,011,100,000 Whiteford, Ltd, Thornliebank, Glasgow, Scot-rease represents stepped up instrument buying.

for services such ang its accisiuni, the Company | Rumanian Minister Silviu in 1986. Imports from United travel, medical care and hair- patel cuts.

land.

nuw Wrinkle 10 ceonumle Jargon. Credit, it It has fast counting capacity pre-selected, and records up to Some economists point out said, is now regarded as a mark that much of the inflation which of character zainer than a sign up to 0,000 per minute, auto- 1,000,000. The main unit em-

1,000 bodies the most matie balching. one to

modern has taken place in the cost of) of inability to pay. Whatever its techniques of electronic cir- living can be traced to in- | definition, it is bound to aed that gultry, and the physical

creased COR-

costs of services, in- much more drive to the buying struction allows it to

cluding medical care, vacation be

pace. incorporated either in existing machines in production flow lines in all trades.

Radio Mast

Packs Flat

For Export

A

to

billion

and unsportation, Despite in- Basewhere, appllance sales flation, these observers insist were lagging, win further lay- in the industry. that the averoge consumer is oils reported. The maximum counting speed better off than ever before. Prices of steel scrap declined by Consumer disposable income two and three in Pittsburgh, re- of 100 per second is able to deal with the operation rate of personal income after taxes- Accung slow mill buying. Copper

mechanical modern

handling is expected to hit a new peak 01 prices hit their lowest leves in equipment and machines, and around 300

1957. over four years, as major pro- 17 new type of lattice stoel the ability to batch automatical- This, many think, augurs well ducers reduced their quotations radio

high level of to 27 cents a pound in the face mast designed to ly in any number from one for a continued

and Because of world over-production withstand wind

consumer spending. forces 1,000 covers all normal require-

ments.

Americans are spending more reduced consumer demand. One are often 23

& an ever before for basic Michigan proaucer---Calumet countered in -tropical

luxuries, Heels, Inc., said the Company is necessities. and

Ks closing down countries and to pack flat The actualing wi of

personal savings are running a considering the

bit below 1030.

plant altogether because it was 'for export is being manu-equipment is normally a photo-

Consumers are now saving losing money. factured by a British firm. electric cell and various

around photo-

$20,000,000,005 almost The Arm say that it will sull of heads Incorporating

cells and light sources can be double the 1940 total. possess a high safety factor

being used, the Input circuits

ruch

en-

PHOTO-ELECTRIC

maintenance

types

to

Economists are now watching

the auto industry for a sig of what's attend for the economy.

Steel Buying

There was good news from The auto market could trigger two other directions last week. The long-awaited pickup in n general upswing in business

all-im- their new models and boosting to have begun, although at

portant auto as the industry is putting out steel buying by the

Industry appears sales. Although auto prices are expected to be about 100 small pace. Aulo Arms are re- higher, the experts expect the poried to have worked of sub- stantial inventories and will be consumer to respond favourably placing new orders for sheet and to the new models,

strip in increasing volume over More important in the view the next month or two of many observers, is whether

Iron Age Magazine, national the industry can sell off some

working publication,

which the

tight

deter auto buying.

7

Washington, Sopt. 8.

totalled

Brugan said last Saturday States increased to 2,477,000,000 he expects a trade dole-rom 2,458,900,000 in 1958,

Exports to the United King- from Rumonia dom in the seven-month period gation

from $410,300,000 the United fell to come to States this month to con- $447,400,000, but imports from with the UK rose to $303,300,000 from clude contracts

$284,700,000-United Press. private US firms.

to

Brugan safd the Rumanian delegation was chiefly interested in deals with American chemical not пате companies." He did them.

TRADE FAIR

Vienna, Sept. 8,

The Vienna trade fair opens its gate today for the 60th

This year, 13 countries will! represented from both sides of the Iron Curtain, including the United States and the Soviet Union,

The Austria

The delegation will be headed time. by Nihail Florescu, Minister of the Chemical and Oil Industry. be

the visit Brugun announced after a half-hour call on assistant State C. Burke Secretary of Eivrick. He said they discussed 4 number of problems including the visit of the trade delegation, -United Press.

Jargest with United Pre38.

exhibitor 1,300

Arms.

SALES FALL OFF ON

WALL STREET

By ELMER WALZER

New York, Sept. 8.

The Labour holiday week brought forth a

mouse for the stack market,

Winds of up to 10 milles.co hour and is particularly suitable designed to provide maximum Bexibility. The mounting of for use in tropical countries.

A novel feature is that onch this unit, or head, is so arranged and that it is actuated by the objects 10-foot section is supplied shipped in three parts, which being ebunted, and the resultant on the are bolted together on the site total is read directly

mdin instrument. In a few minutes to form a rigid

Batch selection is carried out triangular section. This enables

engraved each section to be packed flat, by means of three

accessible by opening switches saying 65 per cent of the space the kinged door. The instru- which would otherwise be used. ment will operate electro-

BASE PLATE

mechanical devices such ny The full mast is available in flaps, "kickers" and diverting heights from 30 to 180 feet in guides,

for the purpose of 750,000 1957-models, now in metal multiples of 10 feet. The bose batching at tho number to

This is about a thiniss they'll be in the markel dealers stocks.

for moro steel than they took a six-week supply. Another blg plate normally requires coly to which the batcher has been set. be placed in position, Founda- Its design has reduced Installa question mark is the extent to year ago at the start of the new model runs. And manufactures and money tions are required only with its on and

Sales fell to the lowest dolly, the industrial average rose 1.18 fellows to form the complete minimum.

higher costs et financing will generally are experiencing some

improvement in new orders and since the week ended Nov. 20, points. That was the best day mast.

Four lugs are provided for

sales, according to latest govern-1953. Ralls set a new low since from the bullish point of view, average. On Wednesday, the Industrials The structure is uyed at 20 mounting the main unit, and

ment figures, New orders in July Dec. 3, 1934, in their ropes made all external terminations lo feet intervals with

Interest Rates

rose by ono

ar Industrial stock lost more than fell 3.53 points and rails 2.10 por cent up to the required length and connecting leads, fuses, valves

$25,800,000 during the month, five points in their average and points, their widest loss of the

alties dipped-a bit.

four-day week and sales were spliced randy for use by the and batch selector switches are With interest rates at 24-year mostly in non-durable goods,

only 1,230,000 shares. manufacturers.

casily accessible. A push- peaks, new car buyers might Sales meanwhile rose In July

BUYERS ABSENT

The Friday market wan the Оста face of the mast is switch provided for acting have to abell out mure to cover by three per cent after a decline

Buyers were absent. Sellers

complete. price virtually n Indder for use during the whole equipment to zero financing costs, possibly as much, in four of the Ave previous

were low. All waited

to see nearest to

The erection and aerial rigging. An prior to a production run and as $45 more on D medium months. At the end of the month,

industrials lost 0.08 point and optional refinement is

tbo vlow of a basc a "test" witch enables the prleed model. In addition, auto unfilled orders were valued at what will happen in business so stalemate in a long time.

that a better which takes the whole weight of equipment to be checked by dealers, themselves forced to $59,400,000,000, down 100 mill-

toion from

At the close the industrial pay higher interest rates

the June total and market's future can be obtained. rails lost 0.23 point. the structure on a spherical cap counting the frequency of the

Late In the week the fluc average stood at 678.63 off 6.72 their cover 114 ins in diameter. Francis & mains supply.

inventories, may some 3 Billion below the levels

ad luations narrowed as much on these The unit is 134 inches high well pass

points but up. 840 points from Lewis Limited 120/8 Prestbury

added of a year ago, The decline was

volumo fell off. Even the the low on the decline set on charge to the consumer.

concentrated in durable goods. Road, Cheltenham, Gloucester- by 21 inches wide by 84 Inches

deep, and welghs 43 pounds.

this Against

background, shire, England,

While US industry continues specials which often aro figance and banks may also with its plans for

tremendous movers held to small limits of Aug. 26.

LOWEST become more selective in expansion at home it is not rovement.

Itails closed at 133.94 of 3.05 Business itself wasn't half as screening Joon applications. neglecting overters open-

over things as the on the week and the lowest in Just this past week, the Ameri- Lon Many of the American worried

Steel operallons moved 33 months, Utilities were and " 125 watt con bankers association warned Industrial glants earn

as much market. The island of Cyprus is soon transmitter,

despite the holiday, 07.73 off only 5.11 and up 0.53 against television sowed transmitter, and associated

stretching to bove its own

instalment as 10 per cent of the income up again The credit terms on autos. It called ; from there foreign sources. Auto output would have been from the August 20 low which service. The now station will be transmitting equipment.

Effective aited near Nicosia, the capital of station's

Radiated attention to the "excesses" in Companies making everything up except for the holiday and was a new low oh the work and Cypres, and will adjoin the Power will be 1.5 kW.

1955 when auto terms were ex- from autoe to soap are building one company cutting back to go losses of 14 points each were modela. Building set by Ford and General Motors. Technicians from Cyprus who tended to 30 months,

now plants in foreign countries into brondensling sound

Coppers fell back on another existing

will

new station operate the

In that year total consumer and expanding old ones at dipped on the week but station.

with the sound have been undergoing training crodit expanded 5 billions. In multi-salon-dollar a year clip well above a year ago. Retall cut in the price of copper metal. In common

thanks to post- Their lónïèn · ranged to 84 thye Магоді Works television in

at July, instalment debt roso 365 to take advantage of growing trade

points service,

la Magma Chemicals ปิด 110w

Labour Day promotion. service will ho entirely Marconi-Cheinsford, while the British million. This increase was the markets abroad.

bas

The biggest day of the week werd down 24 points in Du third largest of the year, bring- By producing a product in a equipped, Bealdes the necessary Broadcasting Corporation studió equipment, Marconi's are undertaken the training of pre- - ing teisi enigtending, instalment foreign country, rather than im-was on Tuckay when sales Pont and three in Allied Chemi-

are tolled 1,290,000 harca "And BalUnited Pre vialogramme producerá.

dabl during July to 32.7 billion, portlig R, US compani supplying a 500 watt

TELEVISION

FOR CYPRUS

now

ΤΟΠΟ

wide

WEB

+

+

at

The

August seasonal improvement produced.

crop

But some tradere were uncertain whether the

flon. It said.-United Press.

Government report would con- The Bank Of France

m

the sizable increase allowance, or whether, in view

Statement

of lateness of the crop in some areas, allowance would be made for a possible early frost.

Kaw cotton reports for the 1957-58 season through Sept. 3, as reported by the New York for Colton Exchange totaller reads as follows: 345,000 baies compared with 480,228 bales at the same time Total gold holdings last year.-United Press.

Paris, Sept. 8. The Bank of France statement the week ended Aug. 20,

The Bank Of England

Statement

London, Sept. 8. The Bank of England state- ment for the week ended Sept.

4 as follows:

Notes in circulation Tubtle deposita Private deposits Government securities Other Excurities

Receipts Ratio

-

Heritag

france

201204,502,420 17.310,078,870

11,771,000,000

Total other SUT-

rencies Sight balance abroad

Advance to Stabilisa- don Fund. ......................... Total billa direounted 1,534,704,039.100 Notes in circulation 3211,006,080,620 Current accounts and

depostix

zeto

378,087,131,097 -United Trea

NAMESAKES.

1,908,928,051 Answers:-1 Judges, 2 Arena,

13.214.225

1 Contest, 4 Erskine, 5 Purse, t 277,757214 229683204 Boxing, 7 Valdes, B Round, 40010 Stadium, 10 Fishmonger, 36,873,063

Entertains, 12 Seconds. 13.3 United Press.

Jack Solomons

BALMORAL STAMP ALBUM

BALMORAL

POS

ONE PENNS

STAMP ALBUM

Fully bound album of 274 pages including 2 full pages of coloured maps.

Available exclusively at the SOUTH CHINA MORNING POST LTD.

PRICE: $12.00