1958-05-26 — Page 9

SCIENCE AND

ENGINEERING

THE CHINA MAIL. MONDAY, MAY 26, 1958.

Weekly Survey On American Economy STILL SIGNS OF WEAKNESS

Modern Buildings Upturn In Small Business NY Cotton Stocks Advance

Have

Elastic Sides HELPING modern concrete buildings stretch a

point or two is a big new job for rubber. The larger the structure, whether it be a skyscraper, dam or pipe line, the more necessary it is for it to have rubber joints to allow for expansion and con- traction in heat and cold says an article in the quarterly journal of the Natural Rubber Develop- ment Board.

Rubber has the great advant- age over metal of being able to

move with the nxterial without ELECTRONIC EYE

losing seal and It will not

crystallisc ст break at

the

joint. Even in 100-foot lengths PAYS OFF THE '

concrete is able to expand over an eighth of an ich. In such

cases, the article states: "Scienti-

that

fle research uns indleated the effect of the sun's heat is, to produce an overall expansion such as would cause rupture and cracking in the structure. CUSTOMARY

RIGHT PEOPLE

X7HEN the horses run at Park here, Univac keeps an electronic eye on them to pay off to the right people.

WOriental

six," Rond

"Consequently it is now cus- tomaty to Insert expansion

The right people are those

the pick jolais in buiklings at Intervals who

daily double. the of maximum of 100ft to aust called

"Ave and expansion and Univae, the Remington commodate this subsequent contruction. These computer used for a number of Joints should

continuous things be

by the United States through walls, flours, and roof Armed Forces-for example, tu to disyuriate the sections com- Agure out the proper way to aim pietely.

rocket missiles-keeps track of "Expanded rubber inserted in the bet strips and pointed at the face

rubberised bitumen with other types of mastle, Aller an excellent means of forming such exparsien joints. The rub ber is able to deform and re- cover even in the event of con- siderable movement structure."

or

is

in

the

It is a system figured out by George A. Pottinger. He sel it unclher up in Puerto Rico, nt

21

track, and brought it to Cuba, the The computer sori ol winners quicker than a horse cau snort, anti

microfilming machine is used to prepare A building usually takes time check lists-so that there won't to "Rettle" into position and be any monkey business in the rubber joints play an importunt horse business.

part in allowing 1 to do 50. Provided the

TC-

design is good. CALCULATIONS Joints in pipa Hines, ducts and buildings should last indennite- ly. Rubber gaskets unearthed from gas and water stains cently, proved as good as new after 60 years' service.

With 1 x compounding techniques now possible to produce a rub- ber that should last consider ably longer.

SIMPLIFIED EXPERT PRINTING PROCESS

The computer works on odds. other x al gures, totals, calculations as such. The Slm- ing machine registers the tickets or betting forms. Actually they are listings culied "cuadros". It all legil and the horse par- lours, legal and open too, dis- play the sheets with micraimed itekets Jor the customer to check.

The check sheet' is made up of the winning cuadros, which

justched were

agains! the microbimed record. The system guarantees that there will be Phich the printing he alterations, and to quick-

quality

quired the technical Ex- perience

Ørst of

class be pro- printers can now duced by business houses on

have started.

no

their own machines with Flight Information On

their own personnel.

The Brel public demonstration

in Britain of the 3M pre-

setcitised photo-offset process is

Caused By

Improved Steel Operations

New York, May 25.

Improving steel operation led a number of small business upturns last week to support President Eisenhower's insistance that the U.S. recession is "slowing down." But there were still many signs of weakness" that in- dicated a long and slow process of recovery.

production, compared to

Goods To New Highs

On Wall Street

Market Review

New York, May 25. New business in cotton grey goods, this past week proved spotty and dis- appointingly small.

Fallure of the recent buying

the expand, or spread to the heavy of weight Industrial fabrics, chill

ed new market interest.

Firmer tones in textiles, higher investments by operating in the low 50% of movement in print cloths to

utilities, a boost in steel production above the April low of 47.1 per cent level of 50 per cent of capacity, gains for capacity. plastics, increased home building were among the favourable signs.

to bụ

Detroit To

Close Down Earlier This Year

1953-54.

came

Firmness

yarn

Improved

BA-

and fourth quarters.

HESISTANCY

over

It

New York, May 25.

Stocks advanced during the past week with rail- rodd issues reaching hew high ground since Oct. 16, 1957 and utilities since Oct. 4, 1930. was a week in which industrial leaders, and government officials said the recession was bottoming out, when economists warned against running into a new' inflation, and when several major lines reported weekly production gains.

For the market it was the sixth weekly rise in seven wooks. The rise just about re- stored last week's losses,

The

Dow-Jones Industrial average close the week at 461.03 up 3.93 points and within 2.04 points of its 1958 high set on May 6; rails 115.15 up 3.178 utilities 78.12 up 0.05; and 05 stocks 159.94 up 1.90 points.

Has Risen

Sales

the 1957 week.

this

LONDON

MARKET

REVIEW

London, May 25. lutent firmneas in stock exchange sentiment, which has been apparent for several weeks, was further encouraged last week by the settlement of the rallway wage dis- pute and the half per cent cut in the bank rate.

However, the volume of bual- failed to expand. fur ess

vestors were still keeping & weather eye on the all very uncertain

at labour situation home und the unsettled con- ditions In Algerla and the Lebanon,

A fortnight ago opinion cofi- LCBBUS among producers sug gested the market was "on rock bottom" and "overdue for o The auto industry continued to another one per cent decline Textiles / showed

resumption of large-scale buy- weakest Industrial in overali industrial production. volume of trading and firmnessing." Instead consumers adher

levels in prices. Price

for ed to a hand-to-mouth policy. sector and copper and aluminium production cutbacks contributed The recession has establish-synthelle textiles moved making spot purchases and ven-

ed itself Gs the

most serious with a market Improvement turing cautiongly on commit- slump since the war with these in demand. The Pepperell ments going over into the third statisties: Industrial production Manufacturing Company down 14 per cent compared nounced price culs in sheets with the 10 per cent, drop in and pillow cases reduced prices 1853-54. Grons national product on nylon tyrecord and heavier I down four per cent against denier Industrial Faras. Du Buyers hesistancy was coupled

factors: 1. prices with several

The In the past reven weeks th only a two and one-half drop Pont nylon tyre

Average hna riven slowdown in consumer apparel industrial In 1853-54. Factory unemploy were reduced 7.7 per cent in a ment is one per cent more than move to increase nylon used in sales because of the persistently 20.40 points; ralls 12.72 points: The

These cuts wet and tyres for new cars.

cool weather, parti- and utilities 4.00 points,

the past week total- after

Mators' cularly General

northwestern

shares, against! Division

of the Exports have dropped more Chevrolet

dropped sections

country; 2. led 12,330,930 tyres Basiness recession psychology: 13,305,453 shares in the previous In 1058 than expected but the plans to use nylon cord

shares in Commerce Department reported on 1050 models because of and 3, Washington indecision week and 11,179.487 last week that March Imports costs.

over tax reductions.

So far in 1050, sales have ag- were only two per cent below

Print cloth fabrics continued gregated 231,030,220 shares, total. The Society of the Plastle In- the March

1937 record

10 per cent over to be the focal point of what rise of about They amounted to 1,100 million, dustry reported orders up 10 to

shares at ever interest there was in the the 211,240,103 Imports for the Brst quarter of 40 per cent for molds, a sign of

per wider industrial use of plastics market. The basic 80-square time Inst year. By JULIAN BATES 1058 were only of two

One major plus-four-yard number to irim costs.

held around Leadership improved some. cent from 1957-which also was

tico firm reported a 75 per cent 17 cents for average makes what with US. Steel bringing New York, May 25. a record quarter figure-in-

dellar volume over and up to 18 cents a yard pro- up third ploce among the America's major car-makers dicating that the US, recession boost in

per cent post mlum quailty for June, July. actives with a sales of 151,000 Into 1957 and a 10

Industry's gainy

shares for the week and a geln -hardest-hit of all in-has not yet cut deeply

increase. The

CONVERTERS

of 3% points, to polated coming production dustries by the recession U.S. purchases abroad,

Bethlehem was in sixth place and clevision -hegia closing their 1958 Exports have had an "un-galas for radio

The shteting sales, went most-with a gain of nearly two points and autos, since plastic Assembly lines next expectedly sharp decline, ne- gets

meny ty to converters and a few in Top place went to Lordland

other than to three cording to the Department of components are ordered

the which recorded sales for the month, one

Commerce and Jower 1958 | months ahead for those pro-dustrial users

is bag trade. A moderate yardage Metallised plastle

week of 213,180 shares. That ducers, months earlier than usual. total is now forecast.

In the Issue touched a high of 19%.

git-edged market, getling wider usage in autos, moved on lawns for quick and An quarter

dated stocka usually delivery,

resumed By doing so, they hope dealers

Experts in October-December

housewares, business

machines third

Cancer Scare

their uptrend from the outset of Eastern mil announced plans will be able to get rid of 770,000

and home appilances.

the week to

Then camo another shut ursold cars (1960 models) before amounted to 10 bilion,

down 2,200 10oms

and the Immediato

the 1959 models appear.

though a decline in non-military

Industrial publication, making lawn constructions after scare and the stock broke to impact et Thursday's bank rate The

50%. It closed the week at 57% shipments was already under-

cut was mainly confined to short- way. In January-March' com-Electrical World, reported that this week.

bonds. yarn spinners off 9% point. The whole tobacc? dated

The Financint Collen sales mercial

exports

slumped to private utilities have cut 1058

Index of government's 10.5 billion, compared capital spending only 2.4 per reported an improved under-group plunged down on Thura Times

on nothing more than rose at the weekend to 83.10-b under with the peak rate of over 20 cent and will Invest about 5,159 tone, although actual buying re- dny billion in the first quarter of million this year. The year's mained quiet. Best demand cen- rumour that an article against rise of 38 in the week and the

tred on inilting counts while the cigarelle was in preparation highest for three weeks. will bo by utililles 1007. Overall volume shipments spending

The issuce

of their wide For the second week running. were about equal, however, to 8.7 per cent above 1957's 4,748 weavers bought spasmodically somewhere.

and selectively. A few of die covered pome the "more norinal level" of the million. But Industrial

recession large knitters started covering losses but closed lower on the gold shares were the most active market of the week, with the Arst quarter of 1958. Drops in hardest hit by the

Into the third quarter on the week.

total highest

of markings for J. 1. Care was In second place, that tightness in shipments of petroleum and raw will get less of the investments,

This was cotton from the extraordinary especially the auto-steel centres conviction

row cotton will compel price Serval was fourth and American more than a year.

the more surprising a the post-Sucz levels of early 1957 where utilities cut back accounted for most of the 1958 expenditure programme by 4.9 advances on top-grade yarns.] Motora Afth. Polaroid, in eighth | Kaffir market is not given much

place, lost three points. export drop.

Of the 1.402 issues traded, 880 to booms or even boomlets these days, owing to the complété gained 349 drelined and 173

absence of the speculative held unchanged.

factor. But the activity was 208 at new highs for the year encouraged by the continued rb- poris current in some quarters With steel operation showing

the United States of an their fourth consecutive weekly advance in the U.S. price at gein--a gain that carried opera-gold.

The "big three General Motors, Ford and Chrysler-are already committed to bigger, shinler, more powerful and more expensive new models.

APPETITES

They are hoping that they will be able once again to whet jaded Americans apparently appetites for a bigger car every

year,

But a heavy surge in buying Imported small cars this year has added to the domestic Indus- try's troubles.

And Italien also selling well. Split-Second Basis

to be given at the Factory Rune Arlines Reser-compar

Equipment

Exhibition at Earls

provement

are

that

Roductions

- were

even

sliurp

British

bust carg secreti

There

6130 ameng the foreign makes im- French ported, with German,.

reductions in exports of whept. oll seeds and expressed oils and estimates Latest sales of imported cars in 1953 meat products and for such non-.

and steel mill scrap, iron with 200,000 Fold EMINGTON · Rand's we at an annual rate of 275,000 agricultural materials as metal metais nonferrou products, the (mainly copper) and coal The im. The overall increase in

drop Court, London from April 14 te vations System is an

is attributed et small metals 19,

over so-called buying of all makes

cars including the American largely to the drop in Japanese SMALL AMOUNT

"automatic" devices pre- Motory Corporation's Rambler. purchases from an abnormally

more normal level, It is made possible because ofvlously employed for airline the only small car made here high rate in early 1957 to a reservations work in that it has brought small car sales to Брасе amount of

11 per cent of the markel com- required for a printing plant is capable of performing a

pared with 3.5 per cent last designed round 3M plates and for greater number of func. | year. because the process requires

tions unly one-third the floor space and one-third the equipment In addition to transmitting in- donarded by conventional formation about seat availabil

The total number of all cars Only two ready mixedy, "selling" reals and "wall plates.

fold fell by about 30 per cent cheminis are needed and the listing" passengers on booked-

in the period so the big three

that printing a completed in three up flights, the, Univac Reserva- readily admit they are the eye on easy slazes.

Lions System

furnish keeping a close CON In fact, the 3M pre-sensitised comprehensive information on potential of the small car moi- photo-offset plate can be taken

en-route flights. A reservationsket. frem the pack, exposed.

General Ford and agent developed and mounted on the agent or ticket counter

the small

press all within five minutes, can,

on

by pressing a series of buttons

an egent

Bet",

BIG THREE

But there still were export Calns in some felds In January- February-industrial machinery, electrical apparatus; elvilion aircraft, railway transportation equipment, chemical and grains other than wheat....

and

the the

per ccat-United Press.

areas

thelt

United Press.

COTTON FUTURES RETREAT AFTER

STRONG OPENING

By WILLIAM T. PLUNKETT

New York, May 25.

and 20 how lows.

ttons

10

cancer

There were

n new high since

to

Crucible were

DATED STOCKS

January-demand developed for In the foreign band section, the sidel shares. U.S. Steel, German hands weakened follow. Bethlehem and

ing the

Armness of recent Both Reich ond among the issues setting new weeks.

were offected, highs. The group closed with Municipal stocks Mains running more than with Dawes five per cent mod- assented down one point on the Three points.

Japanese stocks Metals got lift and finished week to 147. the week with gains running to picked up here and there with neurly four points in Intern 1810 four per cente non-assented

the up point,

52 per centa non-essented up Leaders in the copper indesity

early depletion 1 points und the ascented

Tokyo 5 per of Inventories and a custom point and the sineller raised the copper price cent up to 2170. by a quarter cent to help the

BLUE CHIPS

Cotton futures this past week back-ional Nickel and Kennecoti.

pedaled irregularly after starting a note of strength.

CROP PICTURE

the

on anticipated an

Outlook

1930

Blue chip Industrials were subdued, although

A better outlook developed for somewhat

gaine ranging to four points. and

A more favourable turn in ly aggressive as they remember-group.

with ed an extended period of good [the

пеша сгор

Joined At the American Iron

quietness in the textile trade, weather conditions is nood to Steel Institute's 50th anniver-and a slackening domestle cotton overcome lateness of the crop.

for a higher gov- the all shares which have been there was a return of interest in.

stocks around tld Prospects putting sary meeting, many of the 1,000 consumption in

the doing fairly well for some time, selected

stores and retail ernment loan rote and exccullves attending sald an market on the defensive.

they recorded week, with

shares particularly fum. Marks limited supply of good quality This past week steel orders in upturn in

cushion the set-

up 1 Spencers were also deled 16 Motors past three weeks showed

Airerats were In demand at backs. Euy they are ready—but un-industry was coming out of the

gains running to more than four shillings and Woolworths id to At Friday's close the list ruled this market recession.

forecast a

However, tradets elsewhere willing to enter

points. They

Chance 30/3.

Olls opened the week on d crop Vought featured, the latter aided dull note, but were helped in seasonal drop in n

July, A $3.20 a balc-lower than the pre- thought lateness of the

may have been over-emphasised by an increased divident.

optimistic rise ceding week. moderato fourth quarter

Many individual issues scored mid-week by the The average yield per acre list Stool's U.S.

A return of clear and warmer

Automatic Canteen remarks of the Chairman of was predicted. Chairman

Roger M. Blough weather, over most of the pro- year, the experts holed, was wide, gains.

rose more than six points on a Shell at the annual meeting and adutinis aren put a favourable very high despite the heavy

stock dividend. the general feeling that events anid "demand for steel has

crop damage suffered last autumn 100 per cent sa a result of a wet harvest Garrel Corp. gained more than in the Lebanon had got no very good chance of moving complexion of the crop picture, up" with the Industry now However, sellers were not over-

Even on a smaller acreage, and three points on a five per cent worse and might well soon get better. Shell Transport galñed despite some lateness, the 1958 stock extra.

The plates, made of aluminium, determine if a fight will be They completed design and stendy production rise despite off 20 to 44 points $1.15 ensure clean, charp ·copy' and produce high quality work early, on time, or late,

whatever the chariges in

iate and why.

of a Remington Rand

about

how cukineering: programinea for cars, but are 1roducing small

doubtful extremely temperature and humidity. The system consists basically spending the $100,000,000 or so Uniform impressions Arc

random- (about £35,700,000) necessary essured, even an the longest

and the processed plates access Univac file computer and to launch a new model-Chin

a number of "agent als" which | Mil Special. are linked to the computer either directly or by communications trunk ilnes, depending on dis-

JUS

do not deteriorate in store.

Television Centre

OR. their

TOR

tance.

neir. Television DATA STORAGE

Centre at While City in

London, the largest of its kind Large data storage capacity is

in Europe, the British Broada foature of the file computer

be

WORLD WOOL · PRODUCTION

First

Drop Since War Expected

current 1957-58 son la expected to be down, by `ond per cant for the first Elma | binpe, the war, with marino production down by as much La four per cant.

casting Corporation has placed a which is equipped with a batteryWORLD wool production in the, substanffal contract with of magnetic "memory" drums in Marconi's for the supply of each of which 180,000 characters camera and associated equip of flight information may ment. Filicon Marconi 4" stored. The system can transinit Image Orthicon camera channels facta on as many as eight flights have been ordered.

with stops at as many as 10 This type of camera and pick-cities i one reply. up tube have been pioneered by

The Remington Rand Univac Marconi's and their, Associates, The English Electric Valve Airlines Reservations System can and night These two furnish reservations Company Limited.

A split-second Companies or in the unique information on position of having such equip-teals. It eliminates the need for ment in operation. with the phone calls from ab gent to a BBC di wall

the tramë movement controllor who, * with British commercial television undbe older gystèpis, ties to coll

5,070,000,000 lbs in, kha, pro-, vious son, the clean-equiva=" font, being 2,904,000,000 lbs with 2,981,000,000 compared the that abbaoh.

ta

of Australia and tile United Stator Output in New Zealand). Bri

Beech

and

Following the Wall Street.

crop may lutr out to be fair. Rallroad issues netted gains 1/6. slied, the optimist felt. Depend for the week running to nearly ing on the day-to-day changes four points in the weather, traders looked / Western. for the market to be more of a two-sided affair for the being.

CONSUMPTION

in Northfolk & trond, dollar stocks continued Car Loadings rose on this week by pick-up, led by the week but were woll U.S. Steel, with a rise of 4% ume below, a year ago. Railroads points to $110United Press,

continued to hope for some relief inensures passed in this Congress, -United Press.

The Census Bureau. reported consumption of raw domestic

fall: Argentine and Uruguay cations in April at 729,540 balts Bank Of England

was expected to larger in compared with 100,727 bules each of than in the 1958-67 used in the same period last year. Consumption for the 80-

seagde.

oent

Bank Of France

Statement

Paris, May 25.

The Bank of Franco statement for the week ended May 14,

Frand

Statement

reads as follows: Lindon, May 25, The Bank of England state- Total gold holdings 1. 201301201,ARS

11,003,633,093

-11,771,000,000

At thể xảmh time world produa week period of the 1957-58 crop tlon, la tiling. Commonwealth year roached 6;175,000 bales, or

nine per cent under wdet, prices have dropped by nearly

in fier current | yent 290, '30 hor

The world supply of cotton for ment for the week ended May Tolal other currencies Alght balance abroad sesal how anding. This has resulted in considerable talk the current season approximates 1. reads as follows:

some 42,400,000 balen, according to kvotes in eleputations in 2003.119.25 Agrance gy Babium- wmong prgdusari and wool production. In the

· Lita 11.213.079 Cation Ad- Publie deposits.....

tion Junde international for the 'échées world butalde the Bovist consurhere of

296,301,340 TOLai bilis discounted 1,890,205,991,081 "price" aupport which would visory Committee

140,000 200, Danknotes in" eire Union, China and Eastern

473,710 culation Pietas 3,295,126,307,000 Europe was put at 4510,000,000

(3060TATI | Current Rétiünt, and

$90,001,231,974

The four par cent dedling in

marita wool production, was] partly offset by Indreaves of In the These huren kopper

hading of the 11th annual one and twa por obht respše, Woof questionnaire prépared tivaly in crosbröd kid sarpet, by the Commotivealiti "Koo- wool, making the overall di

Committee and

create one per tant, hemic

pre. aceted

the International The to

currently conference wool Inesting in Vienna. burrent asason's world output la datimated at 6,020,000,000 ihe (greasy) comparse with:

Broadcasting:

· Europa” Norih.

programme contractors and with sulta chart to deterátine, spacy | According to those figures thị

Authorlikesin | avaliaisility Detate the informa Bouth lion kit be felajén to a quitom- ...and “Almačica, Amitralia send

ike '(arquay); - or, bus par sigt Ips thathast exspony phJMY, due to redvetidri lë dhe barga

Daim

This com- Private deposits

for →producers—pared with 05,000,000 bales last dovernment #reurities vi

return acason and the 1951-63 average Other securities guneantsad ; minimum

Receipta United Ratin 68,200,000

Thate

·Ph.

··Bterling......

deposits