1957-11-04 — Page 9

SCIENCE AND

ENGINEERING

THE CHINA MAIL, MONDAY, NOVEMBER

1957.

TRADE and

COMMERCE SECTION

No Major Recession Expected But The...

Water Evaporator: US Business Boom Ends

A New

Design Developed HONGKONG

of

an

inch

An evaporator capable of producing high purity distilled water from sea water by using a new approach to design and operation has been developed in the U.K. However large the output, one thousandth the whole of the new type of thick Sash evaporator can be arranged in a single vessel, resulting In considerable economics in space and cost, and eliminating much external pipe work.

Operating methods have been developed ensuring that deposits and that they are negligible,

a thin всегие in the form of layer of soft powder less than

ATOMIC LAMPS

ON DISPLAY

IN NEW YORK

New York, A new

line of "atomic lamps" capable of pro- viding power-froo unin- terrupted illumination for periods up to ten years, ware on display at the trade fair of the atomic here recently.

Performance figures based on long periods of operation and thorough research work on forge test rig using aca wator

STOCK EXCHANGE

Our Own Correspondent

Economy Takes

THE NEW YORK STOCK MARKET

A "Breather" Railroad Group

After 2 Years

New York, Nov. 3.

This The two-year business boom in the United

Business done on the Hong- kong Stock Exchange morning amounted to approxi- mately $270,000. Noon, quota-

actions were:

States is over.

as raw ford show a net gained tions and this morning's transThat's what American businessmen, government output of distilled water na ib/hr-500,000 lb/hr, 10,000 and a net gained output ratio, 2.1-7.1 (16 of distillate per lb of steam),

THE METHOD

In method of operation, urine

is circulated by a pump through

17

Bizares Buyers Sellers gales

GOVT. LOANS

334% (1946)

BANKS

2.000 6 B4

LIK Br .. 427) 8373

20 @ 30

Esri Ania

INSURANCES

210

Union XD 27514

Lombard

SHIPPING

Abu New, Wheelocks

B series of heat transfer sur- Inces where It gradually heated by condensing vapour, produced in a series

of ns30- cialed flash chambers,

The hat heating is normally nchleyed by an external heat- POCKS, ETC.

Dock ing steam supply in the heat

Pvident 101 Input section. The heated boll- Ing brine i then cascaded LAND, ETC. $1 fot.. chambers K Lend through the which operate at progressivety Humphrovs

Really lower pressures and attrallon temperatures.

nosh

In the process some steam is flashed off in each chamber and

condenses es distulate

on

the heat transfer surface 1850- cialed with each chamber.

350 k 711

15.000 1.27% 500 6 127

0.60

6.00 1,300 ₫31. 1,000 0.45

experts and economists are saying more and more these days.

The big question being asked: "Where do we go

from here?" Nobody expects a bust.

And few are talking about a major recession.

Comensus: A moderate level-workers will be jobless by year- In economic activity. end. And some forecasters see ling of with a posibility of a pickup in the possibility of five million 126i-half 1958.

jobicn by next November double the present total,

Freight car loadings, a top barometer of business activity, are off about 10 per cent from a ago, sharpest drop since year 1954. Machme tool orders are off 33 per cent. Overtime pay is becoming more of a rarity. production number of 130 workers is lower by more than two per cent.

President Elsenhower - in his strongest analysis of the economic picturo to date

pared to echo the mixed pattern of prevailing business 14.10 sentiment. 14.00 14.50

Some economic མ

others barometers point up, 16.10

сод 1.03

1.35 down, he told

ference,

ta

500

11.00

800 DO

33

12,000

.... 1.475 1.525 7,000 y 1.50 1.55

RUBDER

Amatx. Trunt

UTILITIES Tran

Star Ferry Yaumati

The lamps called isolites are If on adequate sea water being shown by United States supply under pressure is avail-

Morris-able, only the brine circulating C. Light Radium Corporation,

and distillate extraction pumps Etouris town, New Jersey.

Macao E. Telephone

for the

Light cources are made up and un ejector or a vacuum of specially processed phosphor pump to maintain the requisite crystals, enclosed in herme vacuum nce required Ucally-sealed transparent cap- operation.

The heat transfer sule and exclted tolumines- cence by the gas.

SUGGESTIONS

of

Dalry

surfaces the plant are generally straight aluminium brass tubes, attached to rolled naval brass tube plates but where the sea The manufacturers suggest water supply contains sand or its use in mining, transporta-other erosive material the use tion, marine and heavy indus-of cupro-nickel tubes may have Nanyang.... tries, and for low-level civil to be considered..

defence or other applications where little or no power for illumination is available.

The products of 137 organi- sations netive in atomte energy are being shown at the atorni fair, which includes exhibits from the United States, Great Britain, France and Italy.

A highlight of the show is an actual operation nuclear re actor, the first ever to be

HEATERS

The heaters and flash cham- bers of the plant are arranged

inside a fabricated mild

steci Yessel and the arrangement is such that apart from the transfer surfaces the vessel docy not contain any internal piping The or ducting of any sort.

heat

installed in New York City. whole of the plant is generally

United Presa.

Scientist Gets Food

From Grass

arranged Inside one vessel.

Ono object of this develop- ment was to produce design and operational methods allow- ing the evaporator to maintain, during thousands of hours of continuous operation, the output and the speciae steam consump- tion measured on a clean unit.

All the development work was carried out by treating the Be water fed info the plant with a powder compound which dissolves readily in water.

THE FLOW

À scientist at Rothamsted

It is fcd into the pump Experimental Station, suction through a needle valve Harpenden (Herts), hai and a rotometer, where the flow succeeded in extracting is proportioned to the feed flow. The running cost of the treat- protoin from leaves fit for people to cat. He is Mtment is of the order of a half- penny per ton of disulfate pro- N. W. Pirle, head of the duced. The powder is a mild station's blochemistry corrosion inhibitor, and the ar- department.

culating brine, after treatment, pulping

io still strongly alkaline. and pressing machine, able to handle up to two tons of leaves an hour, can extract over 403b. of edible protoin a. ton. This can be

A

The success of the treatment was proved in over 1,500 hours test rig operation, when various aspects of the deposition prob- kept indednitely under re- lem were explored.

The slight deposits produced frigeration or in cans.

tubes after prolonged Most varieties of leaves can In the be used, and also grass, The running with low temperature extract varies in colour from operation are a thin layer of a white to pale brown, according soft sludge, opposed to the

relatively thick hard scale pro duced by untreated sea water at high temperatures.

These deposits can

off with ease, and methods have been developed

to the plant.

Satisfying

Tho food also contains valuable

fate and other brushed

nutrilious substances,

be

Mr Pirle has eaten a lot of for washing them off while the the protela. He says it is a

evaporator is in service, with- antisfying food but not very appetising, It mixes well with out interrupting operation.

eggs or fish and can be added

to alews or baiding mixtures,

In Britain,

probably only OVERCROWDED

vegetarians, whose diet may be

short of protofa, will use it. But

in countries were malnutrition WAVE-LENGTHS

is common it could do much

BLY

We scientiste-to remedy

daiciencies, particularly in the

The use of radiotelephony for

COTTONS

Textie

13.40 10 00 27.40 27.00

10.40

14

4.315

4.43

8.43

MISCELLANEOUS

Entert.

23

PATA

100 D

50 95 1000413

18

10027

250 10% 5007

DOO 20.70

1.300 201

New System

Turns

Derrick

Into Crane

2 press

A Breather

ctonomy

n better year than 1956,

Was

Average

All-Time High

and stock

Bro

come.

London Stock

Falls: Drags Market Others With It

New York, Nov. 3.

The railroad group, sick man of Wall Street, fell this past week to within touching distance of their lows for three and a half years, pulling most other stocks down with it.

London, Nov. 3.

| Markets ended the week with a heavy thud, the sound of the index of in- dustrial shares falling 6.6 points to 161.1, the lowest since July 30, 1954, le hos now fallen 31.1 points since the 7 per cent bank rate emerged is now fower ovon than it was at the The strong spols, utilities, had i Copper shares vlosed higher their best average gain since on the week by more than 2

time of the Suox crisis. But was the country shocked? March 4, 1955 helped by pur-points in Anaconda, Kennecott, chases by investors seeking de. and Phelps Dodge. They were Apparently not. Apparently no fensive issUCS.

well below the beat, however, silk handkerchiefs were whipped alrcrafts showed gaitis running out wad used to mop the eyes 3% in Bell Aircraft. Most steels of the well-to-do. For it has declined with Carpenter off 5% been a week of apathy with and Wheeling off 31⁄2.

the local ones declaring they couldn't care less.

Losses outside the rails wer? small becauso the industrials three-day recovery had amounting to 8.90 points from Thursday, Tuesday through That was the fourth three-day rise since the market turned down after setting its 1967 highs on July 12.

On Average

In the rails losses of more than 2 points were set by Rock Island

Louisville and

& Nashille, Higher koorso sent Ford up carly In the week and it finished legt week with a gain of 21%. Chry- sler enjoyed a good market for aime and then fell back

at point lots, close with same as General Motors. 108.03 on average, off 4.30

A total of 1,394 issues points and just a bit above their low siner mid-1854 sel on 391 gained

traded. Of these 635 declined, and 100 held un- The Industrial aver- Oct. 22.

changed, Four stocks set new

Railroad Issues

closed

al

Bank Of France

Statement

WON

Paris, Nev. 3. The Bank of France stale- ment for the week ended Oct, 24, reads as follows:

to

THE CAUSE

that

This was

the whint enused shares of A, E Reed, the big fall / and paper house to Bowaters already cheap -

fall another two shillings. Unilever tell 3/0 while a long list of favourites lost between 2/- and 3/-; Associated Bier- tile, Courtaulds, Rolls Royce, and Woolworth, Tobacco shares, Imperial Chemicals, Vickers,

fell be- Universal Stores all Marks and Spencer and Great

twom 1 and 2 shillings,

And yet the market received very litle publicity outside its never customary channels; it reached the front pages of the daily press.

Much of the weakness of all: shares was due to New York which seems to be anticipating a general decline in the earnings of the major oil companies. Shell Transport lost 3/8, British Petro- leum 3/- and Canadian Eagle... 2 and 3 both types between shillings. Royal Dutch was un-

Total gold holdings, franc: 201.204, currencies: 302.420;Total olher 12,442.310,416 Bight balance abroad changed at 16 7 sterling. in EPU: 11,771,000.000: Advance la There was buying Scouted Fund: Dero; Total bill) African gold shares whieh lifted ·

Dank

1,094.074,045 804 notes in eiresiatlon: 3,201,260,788.e: Current accounts and deposits: 192 173,104,987,-United Press.

A Review Of The

New York

are factory hours The U..5.

down from 40.7 a year ago toge lost only 0.44 to close at Although 40 In September. And personal 434.71 and utilities gained 1.66 highs while 102 made new lows. "taking a breather." there was come disappointment income dropped in September, points to finish the week et-United Press.

The

45 average for time this year. 03.54. with the failure of a business for the first

backloga are stocks was down 0.03 against a pickup and a rise in unemploy- Manufacturers

orders are oss last week of 0.30. ment,

not alipping, and new the country was

running below deliveries. headed for a recession.

The market fell sharply in the Meanwhile,

cales retail

month of October-15.28 points INDUSTRIALS

Commerce Secretary Sinclair showing sign of easing, the

In the industrials and 12,70 in Cement ... 23.40

Weeks sald the recent stock petroleum Industry continues to

the rails, Compared with a Repe

14.00

market slump indicated a level-worry about lis top-heavy

your ago Industrials are down STORES, ETC,

ting off in business activity. But inventories.

1 per cent; rolls 3.2 per cent 10.30 1740 2,200 4 10.30 the country was "not In O

and utilities only 2.3 pár cont. wateen

12.00 21.10

depression." 1957 might even be 13.30 L. Craw,

But the Industrial statistics But despite these resssuring statements from the White

Even with the pickup in auto showed many favourable items were ignored such as “ House and from one of production currently

higher which

1950 Tise of 23 per cent for the week the administration's principal than the corresponding

output which had its in auto advisers, others were more output-steel buying has been

best week sfoco early June, o doubtful about 1958--just two largely conservative.

smaller than anticipated stevl months away,

Experts, meanwhile, point to dip, and NETOW

moverments Government economists and officials have long been conced- certain key areas to watch for elsewhere. ing that the U. S. a heading Indications of things to for a

include the following: But These slump next year.

Government's tight money they say the drop will be only The

aktu policy, efforts of the nominal.

sell off the 1958 The Commerce Department's Industry to Business Advisory Council models which will be shown in made up of 100 leading salesrooma in November, con- businessmen--figures that theaumer spending levels, investor market through psychology slump which will last the middle of next year will trends, and the Government's not amount to more than one defence spending programme. per cent, But privately their

While Industrial employment mood, appeared to be more

bas cased, trade employment is predicted

Non- at an all-time high. mamafacturint jobs have also in. creased by 700,000 since this year. Spending, is being counted to add heavily to retail sales volumes this year. Estimates U. S. News and World Report are this year's retail sales will by two clecirlc winches, both in a special report finds that the hit about 200 billion, a four to altended to by one man.

current business selback will live per cent increase over 1950. The derrick is rigged to the get "worse before it ended." It But about half of this rise is maal by

wires, twa predlets a pickup by late 2000, attributed to price increases. musthead wires attached to but it looks for some major The retail sales increase has

first half

virtually halted and that is one either side of a iransverse out- changes in the

of the many things that appears rigger and one to a special type next year. It predicts: of block at the end of a longt- The Index of industrial out to be worrying the nation's tudinal cutrigger.

Arst-halt 1980 (1947-49 | wholesalers and retailers. put in The latter

continues equals 100) will be 140, rising wire through two fixed pulleys down to 141 in the last-half, to the port winch. The skie-pared with an anticipated fourth wires are fixed in the desired quarter 1957 index of 143 and position according to the alde 143 for 1996.

Total spending by business of the ship from which loading

will drop to an annual rate of 61 goes on.

wire is used billion in second half 1958 from The centre top for swinging the cargo on board the second

1957 ente half of 07.4 bilions, and will sink as well as for taising the boom when adapting its top to any lower over the last six months of $59.0 direto an annual spot in the longitudinal

billion. den of the hatch.

has The attendant

a good view of the hatch and can make any re-arrangement at the winches dingle-handed.

Stockholm.

a

falloff of from three to four per cent.

A new system for rigging a bearich. "Some single derrick so that it per forms all loading movements in the manner of a deck-crane has been invented and patented by: the Swede Eskil Hallen, also inventor of the blood mast.

The single derrick is served

three

Special Report-

rate

Spending

com

Question Mark

Cotton Market

New York, Nov. 3. Reactionary-tendencies-returned in cotton futures last week, abruptly halting the vigorous upswing triggered about a month ago when the crop picture suddenly blurred.

BET

More favourable crop weather news last week joined with the discouragingly slow business in textiles and the erratic stock

market action in applying brake on the bull movement.

After rising to seasonal highs on Monday', With the spring 1958 deliveries coming close to the 33% cent level, prices cased a The big test will come, how-bit in face of selling and techni- ever, after the Christmas holidays cal realising when holiday workers go job At Friday's close the general ruled 15 to 38 points-75 hunting again any there is nor- list

bale...lower mally a drop in/manufacturing cents to $1.00 a and retail ačítvitý.

than the preceding week. In the auto industry, the blg Good Weather question mark is whether buyers will resist announced incresses

tension in the Diminishing in prices for the 1958 models.

Middle East, along with expecta- But more importantly, the tions for increased hedge selling spotlight will be on the govern with the return of favourable Total spending in the U. s.

ment's defence spending. There weather over unharvested areas (the grows national product) will

Was some encouragement from of the big producing sections. case from the second half 1837

acted to handicap the rate of $436.5 billion to $438.7 Freskiont Elsonhower's statement also

Inst wook that 8400 million more | rollies. billion in fast half 1058 and

will be sent on defence this year, The overshadowing Influence then rise to $439.2 in the second over and above the planned limit sext weck will be the govern- of 38 billion for the 1958 frealment crop report scheduled for It concludes the downtur

Nov. 8. First of the private wil be moderate over all, year.

Many experta feci this may summaries, usually issued before The Bank of England state-ther painful in some lines and

hardly noticeablo In others. be the opening wedge and even the official estimate, will be ment for the week ended Oct. Bookcgrounding the -growing mode expanded spending pre-published on Monday.

Trade climates on the prob- concern about the U. S. gramme, with economies to be Sterling 1,060.97.140 economie future are the followmade_15 non-Pentagon bureaueable crop were scaled downward thờm goverboment--United in face of the unfavourable cróp $103204.501 Lag developments:

weather news. Bome' guesGÖS forged as low as 10,000,000 bales compared with the last govern- ment figure of 12,401,000 bales, However, opinion consensus re- |garded such low ideas að ¤x- Trone and hot widely held,

Bank Of England

Statement

London, Nov. 3.

80, reads as follows.

Notes in circulation Pubilla deposits ........ Private deposita ............ Cavemont securities.. Other securities

diets of young children being slip-to-ship and for ship-to-sto

reaned.

The station is now trying to produce th extracting machine auctable for, hon - Industrial countries,

shore communications is steadily on the incesse.

Most available wavebanda in the short-wave range are over- short- crowded and the ultra wave (or VHF) range is having

for

One dimeully in popularizing the protein is that many people to be encroached upon.

do not like is taste.

Mr PING 11 offering to sond Installations In the Netherlanda supplies to any food facturer who thinks

turn it into a palatable London Exoroms Service.

half

of

205,707.875 Business has been spetty, Press.

30,007,96

35.650,00 whereas many steel industry United Press.

1

Exchange Rates

leaders recently were hopeful

that steel production would mettle at around 35 to 90 per cent of capacity, the trend has been downhill.

Roger Blough, Chairman of

NAMESAKES

Answers: 1

2

Windmills, Knight, Gollant, Countery, Eltzabeth, 6- Dulaines,

In fact, some quarters thought

the estimated number of bales

U 3. Steel Corp. No. 1 in the aavedra, z burber, ». Ellysday, might apprimate the October

Dow

that dgures

Business was done in the local industry, unoMcial

will be 10 Battle, 11 Rozinante, 12 Re-figure, although the crop is ex- exchange market THIS Operating QVÁTOSCA rooting at the following t ada newbers in the Tow. Layon vengo, 18 Pants, 144 Tourna-pected to include an unusually. 3.9%, dollar, (per #1)

137 becoming more frequent. In menti. 18 Quixote, 10 Steed,: 17: (high parueritage of lower grades, which ultimately, are expected to the aircraft industry mona hora |éptán.

Pekinguri de Cevanten" (Author wind", up under the loan pro« bit by the govern unte

gramme.United Press. about 100,000 of Don Quixote).- economy

One of the first VHF

manu- that was recently put into war he envion......in at the

|

murling below (Dee #3), ****

100t-guard

Australian netes UHARTE

Indonesia Tupiah (per 250)

13.60

Bam tical (per 100) ...

Singapore (Atenita)

food.- station Scheveningen-Radio at

Lfmlden.

༞, “*

South the finance houses between 2 and 4 shillings with Old Con- solidated Coldfields up 4/0.

Despite the heavy. selling which followed the news of the forthcoming production of syn- thetle industrial, diamonds, De Beers recovered and closed [with a fresh ́gain of 5/-.

British Governments closed with losses of £1/4 In the (best-knowns,

Japanese and Germans were both mixed. Japanese 1907s ron-aesented lost £1 (with

and the £1) oscented down

£1 Tokyo 54 per cents lost

1100- (both types)... The 16993 assented gained £1⁄2. German Dawes loan non-arsented lost while that of the Young Loan gained £-tho-Potashi bonds were idle and unchanged.

Dollar stocks were featureless but the premium fell 14 to 8 per cent. United Press.

SHIP

BEN LINE

PHOTOGRAPHS

by our Staff Photographers

Hongkong University Sports Stanley Prison Fair at Stanley LRC. Tennis Prize Giving Art Exhibition at Hongkong Club Wah Yan College Speech Day R.H.K.D.F. Ball at Repulse Bay Hotel Hallowe'en Party at St. Andrew's Church H.K. School Sports, Victoria Park Swimming Pool Festival of Arts, Prize Giving. Gloucester Hotel Philharmonic Orchestra Concert, Loke Yew Hall H.K.U. St. John Ambulance Brigade Inspection at S.C.A. Stadium Opening of Naw Yaumati Market at Roclamation Street Lawn Bowls Association Ball at Peninsula Hotel British Red Cross Gala Premiere at Roxy Theatre St. Davids Society Cocktail Party at H.K.CC.. Toastmaster's Club Installation Ceremony Chung Chi College Founders Day Kowloon Union Church Bazaar.

Sports.

ATL Local

Local Presentations Local Weddings

Efc. Etc.

· Available at

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