ENGINEERING GENERAL UPWARD CLIMB
DO-IT-YOURSELF
KITS FOR VEHICLE ASSEMBLY
SCHEME, which, it is claimed, will help
A
overseas vehicle dealers to lower their costs has been introduced by a British. firm for the assembly of one of their range of trucks.
The success of this "do-it- yourself" method is leading
team of investigating engineer IGY Ionospheric
of
to look at the possibilities
extending it to a complete range of vans.
Until recently the cost of special Jigs and fixtures, welding equipment and tools needed for motor vehicle sembly bas been as much as £7,000, a cost which calls for an economic pro-
duction rate of at least 25 units a day. The kit now devised consists of assembly toola costing no more than £50, enabling 10 men to assemble two trucion day. INSTRUCTIONS
Research This Year
R
the
prosent International Geophysical Year,
To prepare the detailed instructions the firm built truck in the way a dealer would | K.I.. Smith-Hose, director be expected to do it, using the limited equipment he would have available. A team was formed to carry out a physical apprecia- tlon of what was involved and step-by-swp lastruction were written, photographs taken, and delalled drawings made.
This was disclosed in The annual report for 1957 of Dr of
radio résearch in the Depart- ment of Selenite and Industrial Research.
DATA CENTRES
of
An Epitaph On
The Grave Of
The Recession
New York, Aug. 3.
With the exception of continued reports on diminishing second quarter company earnings, everything else seemed to be
NEW MARKETS DELAY FOR NZ
Auckland, Aug. 3.
Development of new markets for New Zealand exports, bar- ticularly in the trade treaty
such an agreement has beca expected for nearly a month DOW.
kong, which are being I-
ported under low preferential tajilta.
negotiations with Japan. Is | Revision of preferences for Bri-Britain, however, is anxious to
being held up becaus delay in reaching an agter. ment with Britain
ference
Ottawa
ots pre- rovisions under the Pact, informed sourcen sald today, Prime Minister Waller Nash is confident that he will be able To announce a new trade deal with Beltain soon.
flowercr
tal importa would enable other countries to sell more and in turn boy Koods here more from New Zealand. It would also enable New Zen- Jand to rivo more protection to local secondary industries againt competition from cheap goods produced in Bri- tish Colonies, such as Kong-
going up this week from production More Inflation As
and construction to steel prices and the National Debt ceiling.
The discouraging second quar- per car, would be some $10
ter earning reports, of course, a result of the Increase, experti were not only the necessary sald. aftermath of what has been.
selves.
The upward climb in almost all other aspects of this tennomy the promise of the future,
Inflationary with all its sures and dangers.
Bad Earnings.
pres
Just Begun
The climb from the recession
at
Car
Aluminium Prices
By CLYDE FARNSWORTH
retain.. a blk A shard R1 possible of the New Zealand markets and has nɛk- ed assurances that her share will not be further reduced by selective Import control It is on this point that negotia- tions for a British and Zealand agreement have reached a stalemale-U,P,I,
New
Steel & Steel
Raised
New York, Aug. 3
The United States headed for another round of inflation today.
with prices for two basic materials-steel and aluminium -moving up a notch.
CANADIAN
London. OUGHLY two million tables of data or photo- graphic records are expected to be collected from data of ionosphoric ressarchThey are considered the penally throughout the world during that has to be paid for the re- version In some cases by the shareholder in lower dividendo, has only just begun, yet there but mostly absorbed some other is plenty of talk already way by the companies them-wonderful things to come.
sales for 1059, for example. The head of the Buick Division of General Motors seen retal sales level of of 50 models at $ between 5,250,000 and 5,500,000
this with
yetz's compared estimated 4,8 million. He ever. predicts car shortages in somu areas based on De fact that the debi celling-now well on significantly in recent weeks, A typical "bad" earnings re- port was that of Erie Railroad The emerging note of con- by was underscored envering the first half of 1958: Adence A net loss of almost five million "reading between the tines" is where 10 the carne connection with the administra- dollars
Company tion's push for a higher national period last year the transmissions from the first wit--hati-n-net-kicome of almost two debt ceiling-now-well on the
million. There were a few ex-way to approval in Congress.
the Presenting
administra- cepitons, General Motors cover- ed its obligatory 50-cent divi- tion's case for increased defielt del by netting 52 cents spending before Congress, Scere eamman share in the second tury of the Treasury Robert B. estimated the Trea- quarter against 5 cents in Anderson the preerding three monika - sury's tax collections for
year at only $2,000 million less thun the total for the seal year Just ended. Although Mr An- derson did not say so, experis
mediately concluded the Govary ernment expeeled a pickup of corporate good proportions in profits and personal income during the second half of 1958.
and
The data will be collected nt Iour world data centres, which the rudto research station ot Slough (Bucks) is one, exchanger with the other three at Boulder (Colorador, Maserw and Toliya.
The report says that detailed examination of 110 radio
neid satellites will be facilitated when more accurate knowledge is available of the position. uf the satellites at the flies of ob- servation,
Because few dealer have paint-baking feellites, the use of air dry padrils are necessary and a comprehensive list of paints and instructions for their appli- cation has been prepared." A method of air dry sealing has been devised against water and dust entry, as dealers do not have ovens to bake the sealers used in production at the factory. Building seats without special sewing machines, assembly Bx- Sures and technical know-how was a difficult problem which has been overcome by, supplying out at Simugh have been those and was the only Big Three seat covers cat to size and sewn. on Ionospheric forward scalter auto maker to operate in the Detailed instructions and
over lace distance to find the siekites are given on how to angular distribution assemble springs, shock absor- | railiation arriving at the bers, servo units, and other parts. Operallon sheets and sketches for building up the front and rear axles, Instrument panel and all wiring have also been pre- pared.
TOTAL TIME
Among experiments carried
گرفت
he
rc-
celver, Corresponding Investiga- tons have been made at shorter wave lengths into the forward scattering of signals by way of the lower part of the atmo- sphere.
The total nie taken from SEMI-CONDUCTOR
Blart to finish of assembly about 70 mm-u.
W.เร่
The Arst experiment vehicle
were
black.
this
Beat business In general looked upon these reports as an epith on what i hoped would be the grave of the recession. I thought it would make out even-or at worst cut
Translating the Treasury's its losses in the thing quarter, and resume the long expected estimates into figuras, the Jour climb upwards-in earningsnal of Commerce put corporate annual rate of profils at $18,000 million for the second half or $35,000 million for the whole calendar year.
In the field of semi-conductor in the fourth. search, measurements
Jnd There were signs a-plenty to made of silicon iaments
thesis. commercial transistors. Particu-support this
Housing lar emphasis has been given to construction surpassed expecta- the properties of transistors at tions and June building con- tracts climbed to $3,800 milion, very big radho-frequencies and for this purpose
measuring by far the highest figure ever assembly has been enthusiastic equipment covering a wide band
reported for a single month. an immedinte inquiries
The June 1sure was eight per come from 16 locations, includ-af frequencies been deve-
"hand-built" in this way bus been tested and results show it is as good as those produced in the conventional way.
Reception of the method of have
ing Hongkong, Formosa, Manila, Uganda and South African (Ford
Motor Co., Lid. Dagenham England).
NEW HYDRAULIC HATCH COVERS
loped.
The report, together with the report, of the Radio Resarch Board, is published by the Stationery Once, price 35. d.-- China Mull Special.
TAPE RECORDER
THE latest addition to the FOR ALL NEEDS
de-
EXPORTS RISE
Ottawa, Aug. 3. Sales..of uranium, wheat,
All the major steel companies were charging $4.25 to $4.50 per lon more on the steel products used in cars and appliances.
LONDON
REMAINS
QUIET
London, Aug. 3.
Block markets failed to al- truct much attention during the past week and remained quiet but with just enough investment / buying to keep prices Orm.
Much of the steam of last week went out of tho markets oarly this week when reports arrived of the remarks Sir David Eccles, President of the Board of Trade, made to the Ministerial Counell of the OZEC in Paris. He suld the Ameri- can recession was Hkely to spread to Europe in the near future and this view wan echoed by Derick Heathcoat Amory, the Charicellor of the Exchequer, a day or so later,
Influence
The dominating influence on seventh largest producer. "Big markets has been the sudden Incursion of the clearing banks Steel" said it would go along.
sleel price rise into the field of direct of hire-purchase ahip round is the twelfth since World Barclays Bank proposés Was 11 and the third since ea 25 per cent interest In the
The new
owner-
shares.
taking
At the same time Aluminium
their Co. of America announced that steet. companies signed
of United Dominions equity with the Trust and Westminster Bank and was raising prices of the current agreement
Steelworkers Union In 1950. Marlins Bonk hurriedly followed light-weight metal 7/10ths of a cent per pound. And trade ex-is also one of the smallest since with plans for a stake of 20 per
L
perts said other aluminium pro- World War II. ducers would 300n follow the Alcoa lead.
The
Price Tags
new increases Inçan
From Washington
the price increases brought rumbles and grumbles in administration arul Congressional circles..
on sicci
cont each in mercantile credit. After an initial burst of strength, hire-purchase finance shares fell abruptly on liquidation.
But Bank shares held some of the gains they made at first. aircraft and cattle offset
The bright recovery in the Eates Relauver, chairman of gilt-edged market of the pre- losses in petroleum, base higher price tags on everything
the Senate Anti-Monopoly subvious week was not continued metals, newsprint and from hairpins and tonsters lo
he was calling but gilts were a fraction border aluminium to raise the family car. About a ton of enmitice, sald
slcel and several hundred a meeting of the sub-committee on balance. Canada's exports for the pounds of aluminium are used today and would recomanendi The Industrial average WIS
additional hearings
virtually unchanged on the week first six months of 1958 2.2 | in an average car.
at 178.4. pricing to start perhaps before
The expansion of per cent higher than in
Congress adjourns.
bustness of the previous week 1957.
was greatly reduced and prices moved sluggishly and within narrow limits, The approaching holiday season and Bank Holi- dny Monday In particular were responsible for this.
Value of exports from Janu- through June was $2,338.- 300,000, the Bureau of Statistics reported today.
In the second quarter exports increased by seven per cent In value and thus went up at 11 higher rate than for the first six months as a whole. In June exports increased by nine per cent,
almost
Both Alcon and the stee! pro- ducers said they were increasing prices to offset higher wage costs and emphasised that the increases would only partially offset these higher costs.
The Tennessee Democral, nu arch too of higher steel prices, called the decision of US. Steel to go along with the other com panies "bad news for America"
· Steel costs moved up on July 1-UP.I. when the industry gave workers n additional 20 cents an hour under n three-year contract with the United Stect Workers Union
The companies said the steel
boost, which price
averages The proportion of exports nearly three per cent and lifts a going to the United Kingdom, ton of steel to about $150, would the Commonwealth and Europe increased moderately to 15.7 Enable them to recover less than per cent, 8.6 per cent and 12 per cent respectively, Sales to the of $351,800 United States and Latin America fell to seven per cent and 3.8 per cent respectively.--U.P.I.
The newspaper also translated this to mean that by Decenter personal income would be at an annual rate of $363,000 million as against a rete
rent above a year ago and ap-million in June, proached what many expected would be the highest polit in two years.
Price Barrier
A
Significant
Bank Of England Statement
London, Aug 3, The Bank of England state-
30 reads as follows:
The total represented a $3,500 Netes in circulation million drop from year-ogo Pubile, deposits levels. New
orders for June Private deposits
| Government necurities came to $25,300 million-up $300 other securities million from May. Actual sales | Receipts gained $600 million.
KATE
Sterling
2.121.846 BDS 18,541,395
half of the higher costs.
Wage Costa
WALL
Bank Of Canada
Interest Rates
Ottawa, Aug. 3. The Bank of Canada weekly Interest rato hit a new record low for the second week in a Tow.
Brighter
This also influenced the for- elga bonds market, which was material very quiet with little change in prices.
Transatlantic stocks were mostly brighter in line with Wall Street, The premium rose Va per cent.
Oils have not recovered from the depressed levels following the Iraqi revolt, and continued an uncertain mérket during the week. Brightest were the Trini- In the aluminium, Industry the
United Tho July 31 Tute of 1.12 per i dod · shares following higher wage cogis
into een compared to 1.22 a wick | Staten buying in a market short effcet today under a three-year carilor. That rate had broken of stock. The past week has contract with the same unlott. the previous all-time low of also seen some switching from They also amounted to 20 cents 1.50 per cent set en August 4,
Middle Eastern olls to Western an hour.
Hemispheres, resulting in o drop of ninepence on the week in BP ned 7d in Bunnah. On balance Shell Transport suffered a drop of 2× 41 to 130g 1011⁄2d. -UP.I.
1959,
The Bank's mate, with few exceptions, has been falling
August.--U.P.I.
its price
ip- Aloon stressed crease restares only part of a two cents per pound reduction last April 1 when the price of tendly from a ligh of 4.33 last the metal dropped In world[ markets from 20 to 24 cents as the resull of large Soviet offer- ings,
So far the steel price, increase has been on a selective basis, and strip 378715281 affecting only sheet 257 219,550 products used by car and ap-
3037234 23,009,ppliance makers,
я
--U.P.I.
Significant for estimating future trends were also Com- merce Department figures show- bookings manufacturers' The breaking of the steel and sales continuing to rise i Úrice burrier-long expected June while further cuts took but postponed until steelmakers place u inventorles. At the of June manufacturers' telt reasonably certain the mar-end It could take boost-was stocks of goods were valued at shother sign of confidence in $50,300 infilion, a drop of $600ment for the week ended July now class of multi-
the future. Armco Steel was the million during that month. NEW portable tape re- purpose bulk carriers
Hirst to take the plunge
HO veloped in
thecorder designed for the | Tuesday Sweden,
with
announceri average increase of 2.75 per cent 19,500-ton m.s. World Skill, home, office, factory, school,
over the current price level which was delivered from shop and public service, has
between $3.50 and $5.50 a ton the Kockum yard to the been introduced.
Three other companies, led by Niarchos Group about
Republic Steel-the third largest month ago, is equipped with
-followed suit on Wednesday an interesting now system of hatch covers.
The cystem, which has been developed by Kockums and patented in 17 countries, is highly autunnaleed that each half can be openext or closed by ene man in two minutes,
The ma, World Sell has six 11 carrics seven fuch hatches which together cover sa which means that pre-recorden area 10,000 . ft. and have an tapes can be played and I hos aggregate weight of 100 tons, a twin-truck facility--the track They are activated by means of in two halves in he a hydraulle plalon engines, fed writer Tibbon. with pressure oil from separate pumpe. Two of the hálches are divided into three sections and four have four sections,
that
The machine is intended to meet all requirements, say the
For the first time, too—and Its frequency in the face of Congressional weeks after other sectors of the manufacturers.
the steel economy-a slight upturn is response of 40-14.000 cycles. per crumbling second puts it in the "-" industry might be Impeding taking place in textiles although class. Hendphone and telephone recovery from the recession. It has not yet reached any sub- attachments make suitable for
stantial proportions and, connot in ready-mode U.S. Sicel, the country's largest be steel maker and the traditional igures. prive leader, finally joined the
The Middle Eastern crisis has move on Thursday and so did been cited as a fortor in the Pitsburkh Steel.
le dictation. It has Incilities for use with a stroboscope, for
inc-synchronisation.
JOY-STICK
reels.
Туре
sult within a few hours.
shown
. Bank Of France
Statement
Paris, Aug. 3. The Bank of France statement Bethlehem, arming of at least three sectors for the week ending July 24 the second largest, followed of tho economy-domestic oil reads as follows:
prices firmed despite a simul- Lüneous gradual increase in Total gold holdings 201204 301,420 The boost will affect nearly crude tuns; the oil tanker Total ather currencies everything on the
consumer's market is now outstripping the Sight balance abroad market but steal makers astured | dry cargo ships in charters, the publie this was the smallest mostly because of the increased price boost in recent years and activity, on the Military Sea and account its net effect on the consumer Transportation level would only be in terms. Anally, retall car prices went up of "pennies".
deposits estimated between $25 and $50 per unit in With this increase of produelion cost, say the past week or two.-U.P.1.
The joystick control resem- When bles a car's gear lever, and con- a four-sectioned hatch is opened, trois, record, play-back, and the two seellons move forward and backward and forward move- two' movo 'aft.
ment of the tape.
*
Each half in worked upon by control, say the manufacturers, two piston engines. The pushing they have done away with car force in the engine is trans-bons. There is a tone control and formed into a pulling force by mixing facilities enable two in- TO CANN of a link system; puts to be mixed.
activates a fling mechanism
which is anchored with one end A special feature is the ma- in a trestle on dok nad with the chino's superimposing arrange- other the folding point of the ments, which allows a recording two sections.
The
Franc!
21,034,140,201
In EPU
11,771,000,000 Advance to Blabilen
tlos Fund
zero Total bliis discounted 1,556,754,712,823 Banknotes in circula-
tion
.................................. 3,503,502,973,000 Current Decinte and
-300,000,189,793
LU.P.I.
However, Bethlehem
Steel
Corp President Arthur Hotuer predicted that by the end of this month the increase would be "across the board".
Still to be affected are steel tin plate, products like bars, heavy plates and structural
as shipbuilding canning and construction.
Non-American Companies
Account For 15 Per Cent Of
West's Industrial Output
New York, Aug. 3.
shapes used by such Industries Fortune magazine today published a list of the 100 largest non-American industrial, companies and said they accounted for some 15 per cent of the free world's índustrial output outside the United States.
The Twelfth
The 100 dems had total sales
of last year
of $55,000 militon.
Brilah - American To-
bacco Company, estimat-
every threo tour of shool in the assets at $43,000 million and cd sälös $1,050,000,000, net pro-
The
increase now price marked the first thine in recent
which i Steel, years that US.
one out produces nearly country, has not been the price reported
Tho Increase was million. louder. touched off on Tuesday night by Armco Steel Corp, the
Cotton Goods Prices Maintained
New York, Aug. 8.
not profits of $2,800 | Ato 893,018,000. Fortune sold,
Heading List
whose not
proi
It-
Imperial Chemical dustries of Britain, mien $1,200,120,000, nut profits $109,- 208,000.
Heading the Hat' fa the
Nestle, a Swiss company British-Dutch Royal Dutch Shell Petroleum Company with sales ducts, estimated sales $1,100,000,.
manufacturing food pro- Inst your of $7,376,027,000 annet großt (non-consolidated for a net pront of $505,610,000. 1980, last year avaliable) $19,- commitments, partly because of sold in good volume at slightly terest in acetate and eylon tricot
dacrons, mar- In second place is Unilever,142,000. cotion higher prices. Canton Bannels fabrics, taffatas,
Phillips Goeilampen. to be made over a previous one DUYING activity in cot- the wild grations in
whose sules of food blended gaberdines,
products and chemicals totalled $3,414. facturers of, electrical equi
fabrieken, Dutch manu- flating reports na to the posibi e puter oigts of the hatch without oblidation. Monitoring ton grey goods sub-furca matice crised by co were advanced one cent a yard.quisettes, and rayon and acetato another British-Dutch company,
Cotton Init undorwent, covers roll on wheels in the facilities are also provded and aided this week but prices ly of legislation effecting raw
especially T-shirts, encountered Domestle wool markets were 020,000 and
was $123,505,000.
'males | $830,053,000, - net #ient, frame of the hatch. Wium the there is a pause control. Aware maintained at the cotton production and pricing.
boom-time demand and buyers slow, but prices were firm and a
prosta 349,125,000. cover la nimest opened, on ouler | 'safely"" bution to prevent se- wheel takes over part of
Others among the top ten br the eldental erasure can be used as levels reached during the
Reflecting the strength in grey found it difficult to locate goods little higher in the West, Trad-
ing in worsted yarns was order of sales were:
★ Krupp; Iron-steel onl ⚫weight and moves to n slanting stop/start button for office movement of the previous goods, freshed goods were more for speedy delivery.
Advances in rayon lament slightly better and prices on
machinery manufacturéra and ghly upward sirved lotation and similar appllea Lwo weeks when well over active unt prices were higher,
★ British Petroleum Com- of West Germany, sales 3810,- track which is designed for tiona where seconding is not 100 million yards of print Pereales were marked up -cent yorns became general, nd most some counts were up five cents
Hard fibres markels pany, Balcz $4,220,370,000, 007,000, siet profils not avaliable. facilitating the start which the made non-stop.
prices two a pound. a yard. Wo mchetelot drills producere raised cloths were sold..
thres cents - a pound, were slow. Buyers were re- net prpain $177,022,000.
Blegions of is being cloved.
*Germany, cover
wore in belfer donația matk sorno cents fo Tha The model can be used with pumping machines are place| external" ampllier or low-
Some second-hand offerings constructions were up V-cont] Lining twills were quick to re- Juctant to pay higher prices_for Thero were few offer-
Imperial Tobacco Co. of
electrical equipment, exil here incrcAECE, pricon kisat: betwork the hatcher in such a speaker. Used with a recorik wero gold at prices -cent a per yard. Buyers cound spot flock
ings of manila hemp but prices. Britain, - estimated sales mated; salta. #006,990,400; net manner that they are shelleres player or disc turntable, it can yard under mill quotations combed enter hard to obtain moving up 1 cent to one cent a
Man-made fabric pro-continued to move," upward.- $1,850,000,000, not profie $57,-profits' (non-consolidated) $19,- covers when itselt be used as a "pirsight | Buyers penal
were coysio about and laid down orders for later | yard.
139,000, U.P.I. 080,000.
• loding guês ori.
through" amplifier,
adding to the already heavy deliveries. Twills for 4lacks were ducers reported more buyer in- U.P.1.
by the
No comments yet.
Private notes are available after approval.