1958-08-14 — Page 9

TRANSPORTATION

ELECTRONIC BRAINS

THE CHINA MAIL, THURSDAY, AUGUST 14, 1958.

Germany: West's Great Hope

To Lead Them Out Of

INSTALLED TO SPEED Economic Hole

UP AIR OPERATIONS

AN

N "electronic brain"-able to make 138,000 logical "decisions" in one minute has gone into operation at Scandinavian Airlines System's head office in Stockholm for use in financial, truffic and flight planning.

Installation of the push-but-

ton "memary" is part of SAS

over-all programme to meet the FREIGHTERCOACH

requirements of the jet nge

Delivery of SAP at fleet of

By SYDNEY CAMPELL

London, Aug, 13. Between the weakness of the dollar and the strength of the D-mark, sterling thrives well enough.

At

the moment British politics have become less

unsettled than the weather.

Continued broken weather in i In 1954 she had to catch up Europe is seriously capable of in the whole field of basic becoming a nuisance to sterling, materials, capital goods, invens

The On many other grounds,

lories and consumer goods. British Government plainly in- tends to go cautiously on +x- [ar pansionisin, until sterling

12 medium-range Caravelle and TO FLY THIS YEAR e assured.

seven lang-came PC-8 airliner.

will begin early in 1954.

MAGNETIC DRUM

an

650

7:0

IM 11: magnolle drum data properti machine-di iri The versing supplied in SAS, one of only two mach machines in operation in Europe.

The magnetic drum rolates

12,500 evolution: minute. It

é:

Jas empacity of 20,000 dusits.

זי ולf

alinory This

3 lasien

THE

now

A,W,

650 givon freightercoach, the name Argosy, in due to make its first flight before the end of this year.

On route lengths of about 200 mil, the direct operating cost of the short range "Airbus" version of this series is under zd. a mile, say the makers. The aircraf they any, ha been deskened specifically

frate

mems The machine can, in a shortage Jepths. Qn_myst

lute, make

British domestic routes this air- *deeisuns.

craft com turn a los into

I 1. expert to speed up all typ of computation work by

ari-

prof, they clain,

ૉ

"We believe the time is not far off when sonne demestic air rvices will be run like buzen- bourly," said a spokesman, "THE AIRBUS

at least 50 per cent. -

The murine was installed in May this year. Thanks fo vative planning it was possible to 127 1

within July month. It will be in full use before the end of the year. -SUITABLE

SAS Economies Department is in operational charge of the machine. 1's ise. however, will extend into other phases

!

it

of the airline's operations.

The IBM 158, universal dain processing machine, is callable for tech nient aut rettentif work well as

for commuerrial

Consequently. It also will be used for making mathematical computations and

compiling technical statistics, as well

US

trafik phaming, crew planning and fight planning.

Its application to long-range Bght planning will be of vital importance in helping to achieve maximan utilisation of the larger and faster aircraft of the jet age.

Preventing Corrosion In Ship Boilers

EXPERIMENTS into

the

use of a new type of

corrosion inhijltion agent are being carried out Π

The Airbus, which can carry 90 passengers on the lower deek and 30 parangers on the upper deck is a versium of the A.W. 670 Air Ferry. which carries six ears on the lower deck, and 30 passengers above. All aircraft of the surfce are built by a twin-boom ennfigura- tion, and are powered by four Itolls-Reyee Dart turbo-vrup epines.

The A.W,650-the ArgOSY.-- has a slimmer fuselage than

the Airbus, but has a range of up to 2.000 miles (without re- und Сит carry 80 serves) passengers,

12 tons of freight, or a mixture of both,

The Air Ferry was deigned specially S 24 short-range

vellele carrler, which could be used as a high density passenger aircraft or for enityhig freight and passengers.

All adreraft of the series can operate

partially 11-

pured gross strips.

CRESCENT-SHAPED

JET AIRLINERS

London, Aug. 13.

HANDLEY Page, British

aviation firm, said to-

Britain by the Chemical Re day they were planning to carch Laboratory of the have a jet transport and Department of Scientific and civil airliner capable of Industrial Research.

The material, which is called cyclohexylamine carbonate, ocems likely to he especially useful in protecting the fire side of ballers during the periods in which they are idle.

The problem of preventing corrosion in such cases lies in

Jurge the fact that there are innecossible residues of hygro scopic (water-absorbing) kidues lett in the fire-boxes uni flues of bolters when they are shut down.

EXPERIMENTS

F

ex-

Durki the experiments, scrapings of mild steel were taken from fleeways and posed to a relative humidity of 84 per cent. When the corrosion Inhibling ngent was introchiced

car-

the overall rate at which rosion took place was lowered. At the same time, the use of the

moro

On

than 200

carrying people at 545 miles an hour -flying in three years' time.

Bayo

the company's gercent-shaped supersonle Vic- for bomber the new plane, the Treble-One, in being designed primarily as a general purpose milltary transport eraft, CONVERSION

1 will be capable of rapid conversion from a big capacity single-deck freighter to a two- deck freighter, or a two-deck personnel and cargo carrier, troop transpori or ambulance,

As in 1954, Germany is the real hope of giving the West a ind out of the economic hole.

With their huge currency serves the Germans can afford to de Themselves proud.

Record Reserves

They are well on the job, th a way which is useful to several nuke's (including copper) and which are gives come on o

Continental coun- some other

which tries. notably Belgium generally believes In taking chance and, having record. re- BETES-CAN-Alford to do 20.

a

Unfortunately, Germany's dy namism is for less extensive than in 1964, because so many of her arrears have since been raade up.

Chicago Grain

Now she has substantial ar- Tears only in consumer goods: there is saturation in some the other sectors,

Outright Boom

HONGKONG

STOCK EXCHANGE

Our Own Cortokpomjúkr

Business dato in the Hong-

kong Slock Exchange this morning amounted to approxi

mately

$830,000. Näon" quoin- long and the morning's transac-

uns were:

Khares

HANKS

115 Bank Fat Asia

DECLINE TURNED ON WALL

STREET

New York, Aug. 13.

Stocks turned higher tudny under the twin impact of an im- proved Middle East picture and plans for à rocket to the

moon.

helped 15 les

40 bonds

Bolh developments to buoy markets sentiment and reverse the decline which got underway yesterday and con- tinued rough the first hour of 20 767 trading Yoday.

Buych Deliers

Balt

INSCHANCER

Unlin, ri Lombard

of SHOPPING

Waterboal Wheelocks

durabler of that

of the

In cars. consumer and all the gadgets technological revolution kitchen, she is having an Out- right boom, all the more 712- ful for having been dammed back by two world wars national collapses.

fod

tocic

Comm. future price ludex..

Closing Prices

Aled Chemicals Allten Mills Inc. Allis Chalmers

A late spurt sent Inter- national Paper up around four points at higli. IBM added Am. Erake Shoe around the same amount at its | American best and

Zenith and Sun Ou pushed ahead around two or more each.

'Beat Gains

The best gains in the list up- peared in stocks outside in Hite 230 21.40 1.500 21.40 groups used to compiling the

270

74

79

5.00

100 * 20 CUG 4,000

2,400 U

LOCKS, ETC

Dock Provident

12

11.00

LAND, ETC.

aml

KL :: Huis Stealty *

1.000 21 40 31 321 2,100 34 1201312 15 1342

2,000 1.42

1,50 1.35

.....

1.378

1.05

2.85

110

20.20 4,000 a 24,20 1,000 20.30 100s 20.26

200 to its

27.30

As in the US., casler money is also giving a boast to construc- tion. But that is about as far as it goes.

Basic materials have rame hurdensome surpluses (notably the unprecedentedly big stocks and capital of unsaleable enal)

excesses O Hoods have some capacity,

RUBBER Amale. Trust

A. Tawh bungata

UTILITIES 1:5

averages.

the

The market actually was rouch stronger than (UVSTRIKES Would indicules

Of a total 1,152 issues traded, 541 were higher, 355 lower, with 150 1.57874 new highs set, 2 new lows.

New York Stock Exchange band volume was $1,250,000.

New York Stock Exchange volume was 2,790,00 shares.

American Stock volume was 700.000 shures,

Yatak

Light... 17.40 17.00

27.30 27.4 9,000

2.20 9.40 24, 25.70 2,000 25.60

ne-Electric strucks Macao E...

Tetuane

INDUSTRIALS L'esment STGRES, ETC

For some ilme producers

involuntary cumulated rather than cut output. That cuts over, some phaze being have become unavoidable.

According to the Bundesbank there is hardly

in any case which such cuts have assumed proportions similar to those th other countries," and the inven- tory liquidation should eventual- Chicago, Aug. 13.

closedly be self-correcting, since fual prices

consumption remains high or rising.

Prices

Grain Sutures mixed.

Wheat No. 2, red

Spit

EG-4

Seat. 18118) 105 (8) Dee. Mur

102-1021 1834

Muy

Jui

Corn, No. 2, yellow

Spo Sept.

18512

133

17

C

13716-114

122

Dee. New

110%-19

Mar.

1221

May

124.

Ryc

Sept

12341-

120

120

Qals

Sept.

Toybeans, No. 2, yellow

Spe

Sept.

Μάν

Jan.

2007

Mar

May

23094

flaricy.

22.737

New York flour

bno ih neck .....

$12.00

--UP.I

23

ming holt.

Localised

This is all true enough, but cuts In basic materials, indus- trial output and inventories are hardly the all-round expansion of 1994; the Bundesbank fairly deverthes the boom in consumer durables as a "localised" expan Live factor.

To give the right influences the best chance of beating the instead of belug wrong ones beaten by them, the Bundesbank urges industry to stimulate des mand by cutting prices insteati at curtailing employment and supply by cutting output and in- ventories.

the Gonnes It is becouse heed such advice rather better than do the Americans aud some other peoples that the D- mark is

much becoming 50 stronger than the dollar and currencies.--China

Some other Mail Special.

....

Dow-Jones

22/0

WCTC:

30 industrials

Dairy

17.30 17.40 325

17.30 000 11.30

20 Tail

Metron

10.00

L. Craw. XD

14

Emporion

8.45

BU3,50

COTTONS Nanyang...

1,24

B.A.T. Interim

London, Aug. 14.

The British American Tobacco announced ils second interim dividend of Gs per unit, tax free, which was the same as previous-

Jy.

Exchange

Corp.

Cable & Radio American Candid Co. Amer. & Forgh, Power

10.24 Halder Industry 175.16 Corus C. Power & Light 03.90 Herett Meyers Tob, Co. 153.90 Lockheed Alecraft

15ewa Lidorp, lège Star Dengent Co. Lowenstein & Bo

Tra Co. 300ermoRS J, THEY

$ 1034 | McDermez Aircraft

3014 Stock ExV).

Mithos Pri

MIUN Development Monsanto Chernient Co

Montgomery Ward

National Biscuit, Co.

Nations) Cah Neg. "A"

17

Am. Gas & Electrte

44

National Dairy Prod.

Am. Home Prod.

207

National Lend

An inch, & Fdry.

30

National Bleet Corp.

American Metal

23

New York Central

American Smelting

45%

Norfolk & Western Hy.

33

North Amer.. Astation

Tel

12

American Tub. "13"

07

51

50

Aut. Sugar ltet. American Tel

Alinçonda Copper

Arned steet

AUGs Cons, Mining

dway-Lima-Jiam,

Baltimore & Ohle Bencial Finance Bendte Aviation Corp.

Benguet Cons Bethlehem Steel Boeing Airplane

Bordell (The) Co.

Burroughs Add Machine Calif. Packing Corp. | Chimpbell Soup Co.

Camidian Padine R. Case W. 1.1 Co.

Cat. Tractor Celanese Corp.

C. 1. T. Financial Corp. Chano Manhattan Bank

closing averages | Chryster Motors

509.32

Cinett Peabody.

Colgate risolve Columbian Carbon Co.

122.41 Consolidated Edison

LONDON

CLOSES

FIRM

Continentat Oil of Del. Crown Zeitarbinett Cuban Amer, Sugar

Diamond Alkali Diamand Match Co.

Doug Aircraft Dow Chemicals

Dapont de Nemoure Eastman Kodak ..... El Paso National Gen Folly Finance Corp. Firomone Tyre & Rubber Faru Meter

General Dynamics

General Electric

Camera Fines

Jeneral Motors

Gen Tyre & Rubber Getty Oil

dden Co

Goodrien M, F) CH. Goodyear Tyre

Grumman Airerati

Heyden Newport Corp.

for-stake Mining Co.

London, Aug. 13. The dividend will be payable Prices steadily edged

30-China Mall on September

ward to close on a very Speelal.

firm note on the stock market today.

Exchange Rates

Business

Was done In the LOCAL

market unomeist exchange

tha mataron at the following rates:-

U.S. dollar per $17

| Sterling notes (por £1). Australian roles (per £1

34.00

32.57

Indonesian rupiah (per 100) Slam teal per 100)

7.20

20.78

Singapore (straits),

COMMODITY PRICES

FORLIGN EXCHANGE

May/June Julyfaur.

Mixed Contract

24.50 25.32

314

31.50

34.58

24.35

24.10

future closings, in

per

Oct/Nov.

De Jan.

Mar/Apr.

May/June

July/Aug.

SAO PAULO

1.04

240-9/10

2.80-0/32

Coltor cruzeiros follows:

kilo

2.79-8/32

Oct.

2.2415

Der.

7.7U-11/10

Mar 2.80-15/10 Mus

LONDON

NEW YORK Closing rutes were Canada................ England official

30-03 10-days

1.

Australia New Zealand South Africa

Others unchanged.

Closing rates were: New York Montreal Amsterdam

With maximum accommoda- tion for 202 people or 27 tons of mitury freight, the Treble- One will be able to cover near- ly, 4,000 miles at nine miles o minute, will-Be able to operate Brusels from rough airstrips and land on soft grass runways.

The

alliner version elvil

cyclohexyinmine carbonate Will carry 108 passengers.-

caused some pitting, or extreme-

ly Jocul corrosion, to occur.

Further experiments are now

China Mail Special.

being carried out in which the Dangers Threatening

heavy rust deposits that normal-

ly accur in shut-down bollers in

acteal pretice are being more Free Sea Trade

closely simulated.

These experiments will

In

eludo a more detailed examina-

.

Bonn.

tion of the plting, which could, THE world's mula shipping

course, be dangerous if it pe

THE

notions should got to- curred when cyclohexylumine gether for talks on how to carbonate was supplied to actusi bollers..

combat the "mounting dangers" threatening frea trado on the seas, the West

tion said here,

DOCK IMPROVEMENT German Shipowners Associa-

A delegation of the associa THE British Tanoport Con- tion met officials of severol mission has authorised dock West German ministries and Improvement schemes which will asked for help against two main cunt 2780,000.

problems-flag discrimination Quay modernisation at King's and the so-called "cheap flags Lynh Norfolk,

cott convenience."

A4

Caputthagen Frankfurt

Paris..

Stockholm

Vienna

Zurtet

2.0915-2.00-9/10 -51 MUDA -2.00 T

10.00-10.50 139,00-130021t 1015-153297

12.604-1 17306~170035 117312-1173 14.424-14.431

73.31-7354

12204-12.2031

Othors unanged.-U.P.T.

COTTON

were

25

49.00

49.00

49.80

40.00

I:1 the United States, the average price of one-inch colton ut 14 designated spot markets was 34.80 cents.

Tolul sales were 12,395 bales, -U.P.1.

RUBBER

One of the chief features was the continued rise in gilt-edged. Longer and undated stocks, e- pecially, were supported, and the rise took 3 per cent War Loan up to 68%, the highest of

his year,

1.00 firm

6274-0459 Blanket crepe No, ale črepe en 10-52

LONDON

The rubber market was rasier Lortay with

Spal Iss

Industrials were sclive and and in almost all cases closing prices were the best.

GOLD SHARES

Japanese bonds were firm in a quiet foreign bonds market.

Gold shares had a quiet day and showed little change but diamonds rallied ufter a doll start and closed higher.

moved

Coppers were mostly lower.

narrowly and small irregular move-

met selectivo

Olig quoted showed a 23, buyers, and 23 pence, ments. sellers.

Other

Rubbers again future prices were buying.-U.P.I. unavailable today.-U.P.I.

METALS

NEW YORK

Closing prices of metal futures,

In cents per b. were as follows: Lead

Aur.

Sept.

Zinc

Aux.

Sept.

Copper Aug.

Tin

Sept.

AUR.

Sept

LONDON

NEW DROP

Ingersoll-Rand

Intard Steel Co....... interchenical Corp, ...

in

Business Machines

International Paper

Tort Del 4 Tel_

| Julin-Manville cò,

North-west Winner (cima On Mathesun...

Elevators ....

Owen-L Gla

18: Oxford Paper Co.

104 Pholic Gas & Elec.

13 Pan Amelche -Me-wiąým

27

Phrown uzren

25% Peny

C. Co.

Tean B Co.

Philip Mores

4331 Procter & Gamble Co. 4615 | Pittsburgh Plate -Glona 71Publicker industries

Part Oh! ........

16

Radio Comp. Bref. Republic Steel

20% Reynolds Metal

Seam, Roebuck & Co.

203-Abell Oll Co....

Saint Reg. Paper

Sinclair Qu

10

Dia

Sucony Mohic

537%

Solar Aircraft ...

Bouth Puerto Rico Sugar

435

4055

Southern National Gas

24%

Southern Tallway (Com)

Gandard Oil of In4.

Suthern Co. (The)

Standard Brands

Standard Out of Cal.

Standard Qù VI N.J.

Steep Rock (Taranto hers.

Sterling Drug Co.

Sphine Mining

Tide Water Art. Oil

+

201

03

Slokbly Van Camb

195%

Studebaker-Packard Curs.

18

22

Bwin & Co.

281

Texas Co.

10

Textrom Irs.

Time Tak.

Myl-Corn. Warragt.........

47

Twentieth Century Fox Film

4322

Unkey Carbide.

272

Union Pacie Halters

10%

2

的話

141

3

BO

on Off of Cal

United Aircraft

United Gas Corp.

U.S. Foll

|13, Gyun

U.S. Iine Co.

US. Steel 1 P.C. PF

1029; | Wartier, Brok.

Westinghours Air Brak

__Wy | Westingholes, fisetrie

Tilda T. Ca.

3748West Va. Pulp & Paper

4014 Woolworth

BUSINESS UPTURN PREDICTED FOR THE AUTUMN

By EDWARD COWAN

Washington, Aug. 13.

Top level administration economists today stuck by their predictions of a definite but gradual business upturn in the autumn despite the indifferent showing of July employment and unemployment Sgures.

As reported yesterday by tho! It was the general employ- Commerce and Labour Department report for July that in- ments, employment rose and uterested economists most. It employment dipped, but toil showed that the number of job- changes were less than would less fell from 5,437,000 in June have been normal on the basis to 8,294,000 last month. At the of the customary Coisdalshme time employment role from pattern.

| 84,981,000 %0 U3,179,000.

But both gains were smaller Transition

than usual for this time of year and the proportion of unemploy- One hily-placed economisted shot up from 6.8 per cent in told United Press International June to 7.3 per cent. In May it, the employment report showed had been 7.2 per cent. The rate "plcture of transition" with New Delhi, Aug. 13.

was 4.2 per cent a year ago. usual mid-summer doldruma Finance Minister

In Congress, Rep. Albert: holding down upwani forces

Rain (Demarat Alabama) Moratji Desai, announc that were clearly evident in May cited the employment and un-

IN INDIA'S RESERVES

10.18

10.200

0:116

3.11b

23.136

23,031,

BT.6 India's

03.172

NEW YORK

Itex rubber. fulnes

Prices of metals closed today

In sterling per. cloved follows:

ten to two points lower, with

sales of 16 contracts..

Closing prices!

Sept.

Nov.

NEW YORK

Jan.

Prices of cotton futures closed

bar.

May

today on the New York Collon Exchange as follows:

July

Sept.

Spal: 3640; Oct: 3.07; Dee: 33.00; Mar: May May: 30.13; July: 35.19;

Det: 13.70 Dec: 52.03.

NEW ORLEANS

Prices of cotton futures closed today is Tpilows:

Spet Oct Dec

Mar

May

July

-Dec.

LIVERPOOL

AMSTERDAM

3-month

100

What to

| employment.

hakt

ing to the Lower House) and June.

roport in attack- Commenting of Parliament today a new drop of 740 million rupees for July or August," the econold officials claimed the reces heki no dramatic expectations recent administration state- ments on the recession. He

in

India's sterling re-mist expressed countience that alon was over and charged that serves, expressed grave September would bring im

This was "oo much eyowash.” concern for India's foreigprovements in employment and situatica in

Hard Money exchange position.

on. ihe

long top at

Buyers Sellers

Jin apot

$7301

73115

28.40

Copper apat

2001

200

the

20.25

-mania

2001

2001

23.23

Lead 1st halt A

70

7.95

20.00

Zine 1st half Aug...

27.05

Nov.

Nov.

721

Tho sterling reserve now stands at 1,930 enlllion rupoes

business genero].

In other reports

27.05

The rubber market was dull. Prices dooed today In guilders per kilogram, elf. August as follows:

No. 1 rubber

5.10

No. 2 rubber

55.08

No. 3 rubber

دها

3438

32.40

No. 1 crope

2.29 nom.

2.13 nom. 2.16 noin. 3.81 #elberw

BINGAPORE further With

Improvement ofordon the market opened. hither aid ruled very quiet.

The market closed a shade

Cotton future closings, in peace allove the day's lowest. Futures:

£200,000, and the remaining An association Gpukesman £800,000 will be spent on a new tols reporters at a press con- quay cranoge, wharf reconstruc- Terence the Government had per ib. were as follows: Bon bid the provision of two promised to set up a #pecial American Contract

now tugt at párta in South; comunities to look inla

Wales.

problemn.-China Mall Special.

Kar/Apr.

No. 1 rubber der ib. Aug. 0755-8516 No. 'rufitke pac, to. Am. 100

1949. Nd, 3 rubber per 1. JUTE. 70-10 Ban No. & rubber per J, Aug. 11-72 26.3 Spot rubber unbaled ............ #1#¿»81]h

M0%.

SUGAR

Now York, Aug. 18. Sugar futures closed today na follows:

+

Contract No. 4 (world) Bopt: Det: 343: Jan: 3.50; Mar: 3.3; May: 3.43; Oct: 3.40; hot (dana per ib. ron Cubby: 5.45.

Total sales: 375 contracte, Open interert: 0.50% contracts, Contract No. 4 (domestic) bebe bo, Bov B&B; Mar: 98a; May: unqualed July : 1.70;

pot

fron's per Its: chí NY ex-duty); bts. Total asies: D contracts.FI.

He said the country was sill economie front, the Government, a "etitas geptopic stamp" brought on chichy "by the ad- mintration's polley."

te of July 31, 1958, a drop of said that: 640 milion since April although during that time Britain puld 220 million rupees in the first of three Instalments of an excess pendons repayment agreement.

OUTGOING

Retail sales in July held to the June level of about $16,400,000,000.

hard

money

One of the bright spots in the report was that employment In Exports totaling $1,400,- manufacturing where the re- 000,000 in June, a drop cession has hit hardest-din- of 14 per cent from May and of ped only slightly from 15,188,- 000 to 15,165,000. A bigger Dosul said the ever-increasing 21 per cent from June, 1957.

cutback bi ihts area is Custome autgoing of sterling was due to Indian orders for equipment to be used in the Five Year Plon,

Are

Unemployment

Trong thi Thành "the shortly, the report

workers protected under said. Peters1-state Insurance The Average #ictory work He told the Parliament that system dropped by 132,400 in the week remained unchanged at week ended July 20 to a 1958 39,2 hours after two consecutive the World Bank will hold a

„Average menting in Washington late this low of 2,425,000. The drop was monthly increases. month, to be attended by the the biggest for ting week this hourly battingi in madurecejak US. the United Kingdom. year. But the number of workers | Ing fricreases by one cent to 2.18, at drawing jobless benenta was still mainly after wage boonta in Japan and West Germany.

Zahlybuilding, which India's financial criats (more the double dije total m√oteci, will be discusNOKĀ. ——-U.P.I.

эходу до

minoreči,

- İpaper and chemipula.---U.P.L