1957-12-09 — Page 9

SCIENCE AND

NGINEERING

THE CHINA MAIL, MONDAY, DECEMBER -9, 1957.

TRADE and

COMMERCE SECTION

Page

A New Technique For US ECONOMY LOSES VIGOUR

Laminates Production Demands For Bank NEW YORK WEEKLY US COTTON

London.

A new bonding technique to cut the cost of making laminates and to speed production has been introduced by The Armstrong Cork Co. Etd., with assistance from the G.E.C.

The new technique uses Ametals. It is applied either by rubber solution adhesive which rollers or spray and then hented la rapidly heated by infra-red to about 200°F.

plant to evaporate the solvents and reactivate it.

When assembled the laminateя are subjected to momentary pressure by pasting them be-

The complete bonding process Including the spreading of theiveen pinch rouls Kiving adhesive is completed in a few pressure of 200-lb, a line inch, minutes, and there is a need for expensive pressca and curing

Dvens.

The new adhesive can be used to join ahnost all materials including

wood, poper und

A

Aircraft Icing Threat

Overcome

London,

new British invention promises to solve a prob- lem which has become a threat to the safety jet aircraft, particularly airliners.

CONVEYOR-FED

The laminates are then ready for immediate use or for fur- ther processing. To demon- strate the applications of the new adhesive a simple process. in ling has been installed by The Armstrong Cork Co. Ltd.

The line employs a conveyor- fed infra-red heating unit an tersembly table and pluch rolla Uy adding a spray booth the

could ir tullallon

undertake smnlt scale production work.

In the demonstrations the

adhesive is applied by hand spray or toller and the coated components are placed on horizontal ladder type conveyor belt which carries them through the heating unit. This unit is a smoil Infra-red heating plant designed and manufactured by The Central Electric Co., Ltd.

lu this plant the adhesive coating is rapidly heated to the required temperature by radia- Wayne

Laboratories lion from a horizontal bank of have evolved an instrumenti Osram infra-red reflector lamps. which, they claim, prevents iceļ formation in jet fuel.

Kerr

of

There are three main types of engine icing: externni (cowling,

COMPONENTS

The lamps are mounted in re

airscrews, and casings), internal dector units and the plant en (ice can form inside the air in-closed as

far as possible with

takes), and loe in the fuel itself, reflector sheeting to prevent loss

Fuel Icing occurs after minutę

E

of stray radiation,

quantity of water has

The plast has a loading of 71⁄2 Into found its way

the fuel kW, will accommodate sheets up tank. Until now, 2 nylon o 2 It. in. In width and syringe with a colour indieator normally takes only 60 seconds has been used to delect the pre-to heat on adhesive coating to gence of water while the air-the required temperature. craft is on the ground.

IMPOSSIBLE

But it has not been possible to delcel water In fight. Directly the pireract les at heights whire the temperature may be 40-30°C. below freezing water (-40

the to -50*), freezes into tiny particles which may cause a stoppage in the

fuel system.

The conveyor speed can be varled to give slightly longer or shorter heating times which may be necessary when coating some materials.

once the

Credit Appear

To Slacken

BY JOHN MORKA

COTTON MARKET

close ruled off 20 points to up

GOODS MARKET

New York, Dec. 8.

New business in the cotton gror and finished

not

goods markets moved at a shower pace this past week. The buying boom of three weeks ago, concentrated mainly in print cloth yarn fabrics, became deflated when raw cotton prices ran, ipto opposition after climbing to a five-year peak.

New York, Dec. §. Cattan futures trading "bo- como mora two-side this New York, Dec. 8.

wook part

NOW crop positions developed The US economy continued to lose some of

strength In Ange of The on-coming Christmas and its vigour this past week despite a

earings in the December New Year holidays, and the in- noticeable improvement in the overall

ventory taking period for some and March deliveries.

distributors and manufacturers, After a series of rallies and

bandicaps, business psychology on President Eisen-

wert additional declines, the list á Friday

brokers thought. hower's return to active duty following

However, prices maintained a 34 points, or off 1 to up $1.70 k

on most his mild stroke a wook before.

bale compared with the preced-steady to arm tone

sizes

In construction.

fach We The economic indicators were predominantly ing week.

Issuance and circulation of one millman said they

discouraged by the buyer unfavourable. Steel headed into what may delivery notices, and expecta-

Dirst or tend to sell Into the well be its slowest month of the year. Auto tions for additional tenders in pullback since they did not in- sales are meeting buyer resistance. There the verticated stock, kept second quarters until they have

a better. Idea on what were new layoffs in steel and railroads, as gradual pressure on

raw cotton prices are likely to fake. carloadings cased. New orders continued to At the week's low of 35,70 outrun shipments. And business demands for bank credit appear to be slackening. About the only favourable development on the horizon is the prospect of reduced pressure on credit, a possible lowering of interest rates and an increase in defence spending, with the accent on missiles.

All of these factors can help cushion some of the anticipated,

{] economic falloff

activity generally heralded for brst half of 1958, at least.

Financial circles thie past week buzzed with speculation pointing to the first general de- crease in the cost of business borrowing in almost four years.

According to a survey by the Wall Street Journal, most Now York City banks--which account for 20 per cent of all benk Jeans to business and generally зе

pattern-look the untion-wide for cul in the prime mie to by early February - possibly earlier.

rome

Reduction

Any easing in inlorest rates would affect the prime rate the rate charged by banks to their risks. All other interest charges are generally posted to this ale-now 4 per cept, highest In nearly 25 years.

the wake of heavy additions to

the spot

month.

cents,

1

Substantial

course

HONGKONG

STOCK EXCHANGE

Our Own Correspondent

LONDON STOCK MARKET

London, Dec. 8. Stock markets have had a

wook of shocks.

Ono "was thỏ" "vigorous' in- vestigation of reports that in- I aldera hod profited from advance | knowledge of the seven per cent

Another was the revelation that the country's gold and November dollar, reserves for had risen only 02 million dollars Inglead of the anticipated 200 British Potro- millions, or so, feum caused"]tters, though it turried out well.

Sterling all week contrived to look rizld rather thin strong.

At a by-election in the Tory stronghold of the Garston Division of Liverpool, 13,000 Toriés stayód away from the polls, compared with 10,000 who walit" and voted. Britain is being steered through an - ap- Business on the Hongkongproaching socesalón by a divided Stock Exchange this wiórning Constrvative Party.

to approximately Brush Government amounted $180,000. Noon quotations and enjoyed spurts of buying, which the morning a transactions werp: culminated in closing prices up erratically by amounts ranging Buyers Belleza

Gác khu to sint War toàn

daly 1/16.

A tightening supply of desir- able raw cotton, the types and needed for print cloths other standard constructions, merc IC- modę' welvers eveni luctant to enter new engege- ments at this time. That attitude BANKS

noticeable Ed WON particularly

manufacturers who

December showed cumulative loss of 101 points... $5.05 a bale-from the season's

TRADING high established on Nov. 23.

the spot month Trading in

hour on Open contracts the Weekend were estimated

20,000 ground

boles. The

balei.

certificated stock totalled 10.208 scag

will end in the noon Dec. 12.

at

March

spot were

November Early

sales picked up but in the middle 10- day period auto sales were di 6 per cent from the first 10-day len days.

in the pace and 14 par-chat below the ycar-ngo level. Total auto pro-delivery reflected concentrated

through lending duction through November come swelling

Intereste The offerings to 5,580,850 units, more than 7

presumed to be against cotton per cent under a year ago.

purchased out of the Buyers, meanwhile, are said to recently be holding to the sidelines more government stock.

Credit The Commodity then usually. There appears to

announced ac- Corporation be some resistance to the price advances and customers were sald to be more

Ekzjer

HF Back

Bales

༣༣༠༠

atocks

Industrials bad fractionally no significant rises. Rolls Royce fell 3, Unilever and Marks and Spencer and a number headed by Associated Electris and Woolworths, 1/9. An un- 6.45 0.6$ 2,000 genap fiunt pumber of Important ones were unchanged, like Imperial Chèmicals, Courtaulds and Fard

Wheelocks DOCKS, ETC. has been

Whart Vicent (D

Union increase of 2,627 booked a substantial business on INSURANCES

Lombard ... balea over the past week or the recent buying boom.

In cotton yarns, more spin- porn withdrew to adjust prices, SHIPPING Hesitancy

in face of the recent rise in raw cotton. While there no deluge of orders, some spin- ners old business was pretty good." In Industrial yams, in- creases at one to two cents have LAND, ETC. beep effected-on corded counts Hotel.. |HIS. Land .... above 12s. Tirmer prices also Humphreys ceptance of bids for 501,259 prevailed on spun rayons ka theeally balds out of the surplus stock wake of recent hikes by abres selective in

producers. for unrestricted use.

In myon grey goods, a quiet situation prevailed generally. UTILITIES

their buying than normally.

Elsewhere, steel production this past week was estimated at 72 per cent of capacity, lowest for the year and even below the 72.1 rate in the holiday shortened previous week.

RUBBER

Ama

115

11.70

000119 Motors-United Press

15 13.20

24 33% 18.0 133 3.10

A leading spot flm was the accredited buyer pf. 340,000

a few brokers In- 2' 23.70.22.00 bales; & Merophis spot Armthough

Gmated on some of the standard 42.000 bales, and a southeasterndicated a "fair business" ccm- mill of pround 13,000 bales,

C. Light (0)

_X

Elects to .... Telephona. 25.00 25.30

Average guess of 57 members non constructions. More In-Yaurett of the New York Caltonquiries were noted on first quar- Steel buyers continue fairly Exchange was 11,057,000 bales. fer goods-United Press.

apparently The highest guess was 12,000,- inactive, preferring to work off their inventories 001 and the lowest 0,500 bales, rather than place new orders A month ago the overnment RUSSIA STEPS

hours 32

from 40 hours. estimate was 11,780,000 bales. Bethlehem Steel Co. and Re-Lost year's crop totalled 13,100.- public Steel Co. also announced 600 bales. United Press. layoffs last week. Two rail- York Central roads the New and the New Haven-were also hard hit by slumping freight business.

of a The component parts

together Im- laminate are put

the mediately after leaving heating plant and then pussed In

The last reduction in the prime through the pinch rails. assembling tuxinutes the 1190

rate was in early 1954 when it The New York Central, e of jigs to ensure accurate

the parts is was cut 4 per cent to 3 per major Eastern carrier, is re- positioning of

cent. It has moved up steadily ducing production of new adhesive advisable;

since. It eltod a number of de- { freight cars at one of its shops coatings are brought into con- tact no adjustments can be velopments as evidences of an to eight from 15 a day. It will tomorrow. made without additional heat-easter money trend. These in- drop 300 workers

cluded:

The Now Haven is furloughing ing.

The bew bonding techolque

• Bank loans to business in 200 equipment workers. joining part is ready in use for

New York City have declined by Innofcum fo metal defected

in the pro- coa mitilon, compared with an duction of steel denks and for increase of 045 million in the mkd- enamelled comparable periods skice bonding viircouts

Wayne Kerr's now instrt ment can detect the presence of parts of water in 1 million parts of fuel on the ground or in Hight. The instrument then switches on the tank de-icing

automatically. equipment

militonth tests, une

Licen water bas fuck.

It

The compatty showed some of their earlier work at your's SR.A.C. Exhibition, de- which monstrating equipment

thi

abcols to asbestos-to mako panels year. for wall covetings.

could defect 30 parts of water in 1 million parts of fuel,

The DDT Boom Gets A New Challenge

London. The booming business of chemical pest-killers is facing a new challenge from the oldest insecticide of all.

It is calle pyrethrum. And it comes from Q daisy-Uke flower grown in Kenya. :

The Chinese used it 2,000 years ago. But after the war DDT En elmilar synthelles seemed to spell its end,

NEW WAYS

Other potential applications which have been demonstrated "more

are

Bankers

becoming receptive" to lean ap-

include the sandwiching of a plications, with one major bank honeycomb of resin impregkit-reporting borrowers asking for ed paper between wood, ply renewal of loans on a 30-day metat period rather than on a 90-day hardboard wood, sheets to make curtain-walllog Interval, as previously. which combines strength with extreme lightness.

or

it is estimated that using the new technique a production no Occupying approximately

760

sq. ft. of floor space con pro duco

2,500 sq. ft. some Inminates per hour.

NEW-LOOK G.E.C.

UNIT HEATERS

London.

of

The G.B.C. announce the introduction of a new range of electric unit heaters of greatly im proved appearance, designed to appeal both to home and overseas mar kets.

The

•

Corporations oppor to

be having less trouble inanclng elew offerings, with Interest charges tending lower.

Reason

Production Of US Steel

UP TIN

EXPORTS

London, Dec. 8. Russia stepped up her tin exports to Western Europe in

INDUSTRIALS* Coment Amoy Cr.. STORES, ETC. Dairy

Love, L.

**** Indonesia's

17.30 17.30

*100 @ 17.40

500 € 25,00

20.40

10.70

12.20

17.30

0.00

CUTTONS Nahyang 0. 09.30 INVERLADENTS the first ten months of thi: HK. & FE

Juvest. tons-gainst year to 8,000. 1,500 tons in the previous the period at prices below International Tin Council'à world price, it was announced here tonight.

The statement on stepped-up Russian sales was inde by George Peler, Chairman of the

25.00 13.03

New York Cotton Exports

.New York, Dec. 8. U.S. Steel production cop

tinues at the lowest lovel

New York, Dec. 8. since the end of 1954,

Baw cotton exports by destina- barring strike periode,

Counell.

tion ns. reported in bales by the with output this past

Commenting on last night's New York Cotton Exchange for week scheduled at only 72

'thot Council the 1957-68 season through Dec. announcement

follows: per cent of capacity to countries were to cut output by 3 were as yield 1,848,000 het tons, 28 per cent, Peter said export Britain the weekly report of control measures would be a Continent

Total for season. American Iron and Steel Kood Lost of the scheme and d

said prospects were excellent. Institute showed today. Present holding of the buffer Bame period last year'

*excluding intera Output last week, which in-stock was hot publishable but cluded the Theaksgiving holl the fact that the second contri- whereas new orders totalled day, fell below expectations, bution of 5,000 tons was agreed

One major reason for the de- cline in steel production has been the reduction in ending by business for new plant and equipment for 1958, in manu-

olone, this drop facturing

at 16 per cent, In overall estimated

capital whereas

reduction will spending the amount to about 8 per cent.

Shipments of structural steel

in October totalled 330,000 tons,

only 177,000

other tons. In words, shipments were 15 per

with actual operations at 12.1 to be paid on Nov. 21 showed Mortgage brokers report cant higher from a year ago but per cent of capacity, yleiding that there were 10,000 tons in at that for the first time in nine booking legged by 39 per cent. 1,840,000 net tons, rather than that dateelted Press.

the 1,884,000 tons which act months, savings banks *are Meanwhile, American Fetellärs showing more interest in buy-prepared for the heavy Christ-been ing home mortgages.

Curres Paled."

mas selling season. There were,

production reaches conflicting reports as to the back to the week December 20, With factory workers fewer anticipated volume of sales:

1934-Christmas week when by 500,000, payrolls off 4 per

The US. Chamber of Com-1,726,000 tons were produced cent this year, and factory qut-merce, although noting some The rule reflects a low rate of put off by about the care per price consciousness on the part incoming orders which the ladun centage, new credit problems of consumers, nevertheless pre- are becoming more evident. A

dicts that Americans may go on report this past week by the

the biggest shopping binge since American Bakers Association ever this year. shows that for the three-month period ending Oct. 31, more

The Chamber said December

LTY expecte will ing further be fora year-end.

A month ago the Industry operated at 78 per cent for 1,900,000 tons and a year ago 101.3 per cent for 2,403,000

than 30 per cent of the report-retail sales were expected to hit tons.-United Press

ing banks show an unusual - and

crease in auto repossessions and more than 40 per cent reported credit delinquenties on the rise,

Dow heaters, which cover a range from 3kW 'to Exports from Africa, biggest 20kW, comply with the special source of supply, dropped from requirements

American, at 9,000 Loos to 3,000 tons by 1940. Swedish, Norwegian od Swiss found standards, as well as those of Thop research 'men

the projeeled European Com- they could mix pyrethrum with modern chemicals to double and Kingdom.

mon Market and of the United treble its effectiveness.

Enclosed in attractive cylind- Sales began to pick up.

ripal bodies, the hystere in Tiles and bugs gra paw be corporate a number of design conlig resistant to many of improvements. They provide a the midn-made thaesticides. But more uniform al temperature; no insect ever mansgod to realet they comply with the||{pal- pyrethrum,

Key Factors

experts

about $20,000,000,000, topping funt year's $19,400,000,000 total despite some tapering off in the boom.

In this connection, the Cham- ber sald most of the increase. in December dollar volume over inst December would represent

forecast

Bank Of England Statement

London, Dec. 8. The Bank of Englund state- Meanwhile

were price boosts rather than more ment for the week endod Doc. 4, watching two key factors: Con- goods sold. The Department of reads follows: summer spending and the stock Commerce meanwhile market. President Elsonhower's holiday sales gains in 18 elten, Total notes in circulation 2014

Kunio"depoštis - 5... apparent recovery had some dips in oight other

For 10 cities no changes are

Privalo deposita stabilising effect on stock prices

Dovernant securities last week, but prices showed anticipated Among the cities or curier Home gaaler tendencies this past expected to show an increase: aceipta week in the face of discouraging New York, 4 jo pop conta letos

Philadelphia, 3 to 4 per cent, Detroit, 3 Dallas, and pe business nową.

Angeles, 31⁄2---United Prod.

Even the prospect of an in- Crease of $2,000,000,000 in gov- sent 1909 starting next"ly 1 emment defence weiding in ha for the curbant iscal year

** | Boger specification required overs, all live and moving Bo farmers and gardeners parts are screened; and mi everywhere are switching back switches are installed a44 €3919 | did litle to bolster the market. to the Growing the flower against overheating already Konya'e fourth bignoqt There atv.two speciño de

NAMESAKES

Answers:—1 Acquastiatu

As for consumer spending, Hagoptón, a Weddi Industry.

-signs-one for tha 2kW walk the axparta will be watching B' Kehand, And a rapid expansion of healer, the other for, a recipe at how the new 1958 autor will dor, 'n To acreago 11 planned-London | unit heaters comprising "4" 10. | #oll.' So far there but boen

10 and' zokw yškyloba

Queen

"Aila Boleyn,

Bank

Of France Statement

Paris, Dec. 8. The Bank of France statement for the week ended Nov. 23, | reads as follows

Total rold Holdings 201204,302,426

einer eurreneit Bight balance abrand

11.200.100.50T 13,771,000,000

Advanco" to "Cliffenty

Stabilimation Lero Total billalargunted 1,009,732,103,670 Bank notes in circula-

**** 3,130,906,103.555 tfen

407.106.307.221 -United Pre

Current accounce and

deportu

Exchange Rates

thin

This was done in the local

market unele exchange #10,071,819 | morning" at "the-ed]lowing rate

sterling"note

Uruted; Prois.

SHIP

BENDLINE

Action To

Be Studied

The

The Hague, Dec. 8.

nationalisation, of Bataafse Patroleum Maatschappij and the Royal Dutch Shell Com- pany in Jaya, Borneo and Sumatra will be studied carefully, the Information Minister said In Djakarta yesterday, according to messages reaching" the Netherlands. News Agency.

this

The Minister sold that speckie sue would be studied us capital other than Dutch was Invested in thoro compinius, He added it so fer- naulobalisa

had only concerned strictly Dutch enterprisen.

Earlier yelerday, the Minis ter had told press

conference

In Ditkarta has the Govern- ment would discuss compensa-

tion for beized Dutch property only

the Dutch Now alter Guinea Iasio we settled.

A number

Arms or Dutch have been' taken over by Indonesiang this week as part of the campaign to induce Holland

Dulch up'

New give Guinea, which Indonesia claima.

China Mall Special.

202.713 622,263

iis,d 1,709,421 2171771 -United Press.

T

to

A NEW COMPANY?

From the word "GO"

place your printing order where you are assured of personal attention, export designing, the finest materials and craftsmanship.

From Articles of Association, Share Certificates to Letter Headings and the many other essential items, consult the Printing Department of the South Ching Marning: Post,

Call in at gay timg

and gzaming speciiuma

of quality printing which

she shall be proud to

Moming Post Building Printing Dept.

20002