1958-09-29 — Page 9

SCIENCE AND ENGINEERING

AMAZING MODERN TELEPHONE DEVELOPMENTS

By DARRELL GARWOOD

Thanks to midget transistors taking the place of more bulky electronic tubes, British scientists and engineers have worked out several in- teresting solutions for some of the demanding requirements of modern telephones.

One development would minkejaystem there has now been It possible for a person to sim-operation two years, ply

stall buZZO – entry T receiver, about the size of

When he heard, cigurētie n50. or felt. tight buzz i hit pocket, he would now there was a telephone call for him. STAFF LOCATION

Four

British Bras Including Muilone Electric Co. of Lan-

are now

* den

J11

Western Infirmary has found that the electronde system has reduced the average time spent in locating individuals from 80 to 35 seconds, while the average tune for answering inquiries about pullenis has been cut from 54 tu 15 seconds.-U.P.I.

ufacturing Can-Filling Machine

Parch "ilf fucations systems They have been installed t

about 50 hospitals and For Frothing Liquids

variety of other institutions, i

charling holes and an aircraft carrier.

If the system were acopla

for use on n.single

the home, te

epreny

¡ESIGNED primarily for

THE CHINA MAIL, MONDAY, SEPTEMBER 29, 1958.

Weekly Review Of

Of American Economy

NO 1929 CRASH SEEN!

Feeling That Time's Right For Correction

On

New York Market

New York, Sept. 28.

The U.S. stock market, which crashed in 1929 to trigger a major depression is in little danger of a severe drop now despite continual advances to new highs, economic experts agreed this past week.

At

the moment, there is general optimistic psychology in the American economy. The recovery from the 1857 recession has been

unexpectedly quick and strong, and there is much to indicate that even the Inst arter of 1958 will show com- plete recovery In many Break

and perhaps even art some new

records and businessmJET

sigs. ng all

make pared to menis. A stock could send them

Dthe rapid dispensing of mili

highly frothing liquids with extreme

accuracy,

a can-

probably be HK$380 or HK$420 filling machine, made in the

person, mainly

For the TU.K., can equally well be calvers, according to Dr JM.A.

Western Re-used for non-frothing liquids. Lenihan of the plonal Hleopdal Board at Boing made of stainless steel Plasgow, Lillum, a physicist, (unless otherwise specified) origisitors of it can be used with most |liquids and one machine can of dispenso any number isdifferent products.

was one of the the idea.

INSULATION

uitte Insulation Very needed, since the amounts electricity used are trivial. The receivers have little mercury

of

in operation the container to be filled is placed on the scale, which is set to the quantity re-

lions of shares, and, that in itself will prove a support to the declining market.

Also, all sources agreed there are vast sums of cash available for

investment, mumo which probably would come into the stock market in case of a de- cline, thus providing a steady-

Far more dollars are being spent than in 1928, 1939 or 1949, and even allowing for inflation and its higher prices (the pur- chasing

HONGKONG

STOCK EXCHANGE

Our Own Correspondent

Business done on the Hong- kong Stock Exchange this morn-

INDUSTRIAL

AVERAGE

AT BEST

New York, Sept. 28.

ing amounted to approximately Stocks gained a mite on average during the past

$212,000. Noon quotations and the morning's transactions were:

Sharee Buyers Sellers Sales BANCS HK Bank. 74715

INSURANCES Union Lombard

power of each dollar SHIPPING today is about half of the 1930 dollar), the ONP is still above the levels of 1020 or 1939. In a compilation of figures after

for

L

ing influence and preventing adjustment for price changes, it Is shown that the GNP in 1029 alike wide-open break.

Was 102 billion, and in 1957 was 107 billion, a

per

xed

Wheelock ..

DOCKS, ETC. Dock Provident..

LAND, ETC. JK Hotel.. Ha..

Gain of 124 the cent. For

Postwar Realty

1967 HUBBER fo

Amalit A. Tawni

are proceeding enrefully, watch- And there is the general fehr They are pre- of Inflation. This fear causes quick adjust-invertors to prefer the stock

market break market to the hond market with period, the mercuse

over 1949 scurrying to! Its

wag. 44 per cent in- return. There

after cover again, precipituting a new vestors feel

price ufijtment. stocks give actual dollars, that

the figures for recession although the their holders a protection in a 1920 were 104 billion, for 1040 basic economy seems to be enlid time of declining value of

It was 201 billion and for 1057 and strong both in the matter of

and they prefer stocks was 440 billion. dollar demond and productivity.

even though bonds in many cases yield inore than stocks, n rare thing.

price

has

Unlikely

decline

say some

will!

the

The more conservative of the

But it is unlikely there be any such stock markel break. Wall Streeters are suggesting it although many Wall Street ex- would be a good thing should perts feel that the time is here the Federal Reserve Board de- for a "correction". Le market maand 100 per cent margin--that as profit-taking in, the investor would have to erases some of the recent gains put up all the money to buy his

Actually,

experts, stock, rather than huy some of the market situation is just to the clock with borrowed money. good-it's so good it worries the Al present the margin require experts. Every problem which ment is 70 per cent. Once he

worried ihe street has fore the market had 100 per

imarket

community

hoped it 1940 until early 1947, but the would. There will be no auto market

continued ils rise just union strike; there has been a

the same, reaching a new high swill recovery

from the

TC before it went down in the mile cession; there has beeu an ex-recession of 1949.

model cellent demand for 1950 Buick cars, the first 1959 model on the market; there has becu no shooting war and there has been a dente, easing of tension in the Middle East.

Productivity.

Trul

In

Sunla

UTILITIES Tran

Electric

12

(ts)

Mação E.

the Another folld factor is

Quart rising productivity per Some 850 corporate executives la personnel conference in New York this past week noted that

going ey RTC

slow on re-

dropped A$ hiring employees economy measures during Whe recession, but that production has not been affected. Many

have companies

found with increased efficiency and

that

batteries that can be picked up quired to an accuracy of a worked out exactly as the stock cent margins, from January of belter machinery they can maja-

for the equivalent of 35 cents of one per cent. The supply is rut I instantly when the and last eight to ten weeks.

625-bed Western In-balance aim of the scale rises The

a photo-electrie firmary at Glasgow was first to and interrupis Install personal calling.

The reli

The avoidance of frothing is ensured by the patented filing lunce

being lowered to bottom of the can before liquid flows

and by

auto- matically controlling the rate of

Polythene Letters

For Moulding Patterns

RANGE of polythene

A fetters specially pro-

the any

Bow in such a way that Bling

starls very quiefly and continues evenly, thus effectively eliminat ing turbulence,

ADJUSTED

duced for use in moulding

the For non-forming liquids patterns ara now availablo

operation can be adjusted for from a British plastics firm. full-fox Aling from the start, These letters have all the use- thus cutting down the operating ful

normally time. characterialles associated with lend characters.

Measuring 3 x 3 x 0 tt, high They are pilable and

can be the machine la 1,2,3,4,5 and 10 moulded to any marmol contour gallon containers. Changrover with case, say the manufacturers. from one size to another

takce They can be glued or pinned approximately ten seconds and o without difficulty, and they are by-pass is incorporated to permit unffected by waler.

Bing 45 gallon containers. COST HALF

only One unskilled rporator

is required for the machine which will handle up to 60 tons scaled of foaming liquid into containers per week.

Ja addition, polythene felters cost half as much as fend characters and they are resilient, Direct haroner blows, it has been found produce instan- Thanks to the prevention of foom and the effective non-drip tuneots distortion only, con- sequently the most rigorous hand design of the machine, spillage or machine ramming is withstood is nil; the machine had been without burra forming: The in- proved in operation to sive from berent self-lubricating properly to 1.5 tons for every 100 tons of polythene overcomes any or foaming liquid handled. It tendency to stick.

also ensures that the outside of Tolythene letters are nonnally the container and also premises produced in light grey to con- Jare kept dry and entirely free of product. tract the conventional red, yellow contamination by the and black used for pattern which is itself safeguarded from identlication, but almost any Pollution during dispensing. Tin colour can be supplied, (Aldridge wiping is entirely avoided. Plastics Ltd., 155 Charing Cross

Road, London, W. C. z.)

High Speed Paper Tape Reader

A

BRITISH high

RECORDER FOR CONFERENCES

NEW tape recorder in-

"is

own

tain or oven expand production with fewer employees,

cor-

And personal income remains at an all-time high, reaching! 355.0 billion in August, and is dn important factor to offset

disappointing 100% Margins

aomewhat porate profits. However, evun Others argue that 100 per cent these corporate earnings prob- margins would have even less ably will show a significant rise effect now, since an investor for the third and fourth quar- ters of 1958, indicating the stark Thus, say the experts, Wall could buy stock with his

market is on Arm ground in its' Street has discounted every money, then go to a bank and

borrow money on the slock, then | persistent high levels.-U.P.I. and there thing correctly, nothing left to boom the market. take the loan and buy

But the market keeps boom- stock. And of course there still ing. And as it does, it lifts all is the huge supply of available sectors of business, which be- cash,

Thus almost all factors come mure and more optimistic. In the late 1920's, unwarranted working against any spectacular optimism and stock rises finally break in the stock market, which but today's seems destined to go on to new brought a crash,

all-time highs In its various conditions are fur different,

averages. Sold Short

more

Gre

That these all-time highs are Firstly. there is the very for the most part warranted factor of caution by the buyers. seems proven by figures on the (GNP), The large correction occurs when gross national product

measures the dollar there is little raution. Then, which there are bears in the market-} amount of the nation's business men who have sold short. They activity. Its three main have sold more than 5,000,000 'ponents are consumer spending i shares, betting on a decline in for goods and services, busines and governmen'al the market. If that decline investment,

com→

comes, they will buy back those outlays for goods and services.

Cotton Futures Irregular In New York

New York, Sept. 28.

Cotton futures ruled alternately steady and while traders unsettled this past week searched for some new and decisive incentives.

The current loan stock 10 presents about 28 per cent of the 1,845,486 bales ginned through mid-September.

At Friday's elone, another ex- tremely quiet week ended with prices up 18 to off 27 points, or up 50 cents to down $1.35 a bale from the preceding week.

Atroduced in Britain has spoed two spoods, 3% ins. per poper tapo reader is second and 72 l.p.s., and fully transistorised photo-will record for periods up to electric tape reader capable three hours, making it suit-

Raw cotton exports for the of operating at speeds up to lable for conference work. Traders divided attention be-

Beason through September 23, as 300 characters por second. The model has many features tween old and new crop months. A simple adjustment of a which, it is claimed, make it Nearby months developed, relu-reported by the New York Col- guide adopts the reader for ideal for use in offices, factories live steadiness following the ton Exchange, totallod 617,069 absorption of delivery bales compared with 639,543 and shops, as well as In the prompt

bales reported to the same time 5, 7 or 8 unit punched paper home.

uotices against tho October

last year.-U.P.I. tapo, provision being mado The model isted with a contract.

The tenders reportedly control, for reading all eight chan- | "Joy:kick":

which

taken up by Memphis and néli.

Дoverns recurd, playback, fast forward and fast

Dallas spot interests.

reverse.

in the design careful attition Resembling a car's goor lever, has been given

to practical

operational requirements.

to operate the

this control enables an inex- The tape feed mechanism is pertenced user based on that used on the machine without difettity.

STABILISING

were

Continued heavy producer entries under the loan pro

maker's tape reader which has REVOLUTION COUNTER gramme, and signs of reviving

given reliable servidu during its five years of production.

long dormant

In addition, the new recorder Interest in the has a combined on/off Switch, textile market, along with the Built-in transistor staticisors, volume control and record level stock market rise and concern constructed as plug-in printed control; safety button to prevent over the lenso Rituation in For- stabilising circuits, store the eight channels accidental erasure; speed-change masa were

other

of information as each character control; instant stop/start con- faviors. passes throughs the optimum trol, and tone control. It has a New crop months gave ground reading position and memorise revolution counter, to enable any after Armness earlier. Heavy widespread mins over them until they are read out by part of a recording to be pin- and the associated computor. Control pointed.

western and central beit sections circuits and current switchés also Available as exiras are threa| cfused concern over a delay in using transistors are provided attachments stelhoscope type crop maturity, and a slowdown for operating the tape feed earphones for transcribing office in ginning and harvesting 'opera-

dictation, a cine-synchropisation | tions.

mechanian.

All D. C. power supply attachment for adding sound co Low prices in the spot mur- requirements are met by power silent films, and a microphone,kets continued to causo pro- packs within the reader.giving wide frequency response,ducers to Impound more colton tho lonn. Entries have (Forranti Ltd., Hollinwood, wider than the crystal miero-| under Lancashire,}

phone provided,

been going in at a record rato.

CITY LIGHTS

"Don't worry about a thing while you're en hort- day, Fonds-young Freddy here will look after your work in between atamotno

the post-

Tel.

TBS

DB

#

1 7521

week and closed near the best levels in history,

for industrial shares.

It was an activo, market with A total of 1,413 issues appear- sales totaling 18,491,100 shares, ed on the tape, and of these (44

most since the week ended Aug. advanced, 017 declined and 182

221B when 18,523,120 shares turn-held unchanged. There were 317

福

10 # ziť | od aver, Daily overge calos now highe for the year and only

to

nmounted against 3,022,250 shares on Mon- day in the previous week,

3,696,226 shares 34 new lows.

&.00

3.00

100 1000

43% 您

20.70 21.10 301 304%

3.335 1316

11.10

The market declined on Mon- day and Thursday and rose in the other socions. At the close on Friday, the industrial averazi 800 30 atood at 520.83 up 0.35 poin! 05

the week; rail 141,80 tpi 0.15.

Joik

1.00 1.08 8000 4 1.025 1.000 DOU NA LETË

1.90

24.60 24.000

17 17.00 24.00 21.60°

New Record

at

Business news In most In- stonces favoured the market. The outlook was sech so favour- able for the fourth quarter in in- dustrial production and Income. Bonds displayed a better tone with the average for 40 repre- sentative issues up slightly. Rails gained 1.58 points.

The Rails generally and the cream of the news. Car load- On Wednesday the industrial avorge ret a new record high ating rose for the eccond week in ja row and the nation'a two larg- 500 24.70 $20.16. Rails that day were

cst

and roads-Pennsylvania 10004 their best since Aug. 13, 1957, New York 500 17.10 and the 65 locks in the three August earnings in the black for Central reported 700 # 24.49 Dow-Jones avenges a new high the fast time this year.

200 24.40

13.10 13.30 2407 15.30 since Aug. 10, 1956,

100 13.50

.....23.10 23.00

INDUSTRIALS

Cement

STONES, ETC. Dairy ... Watson

COTTONS Toxuse

Nanyang

10.20 16.46 10,00

3.00 3.77

INVESTMENTS. fut Invest. Ailled

4.00

Practically all the indexes of

Low-priced Issues furnished 300 2320 the greatest volum. Studebaker- production moved higher includ- Packard fualiare with a sales |ing automobile and that one de- total of 682,400 shares and ruse }apite a rash of sinikes. a point.

300 or 22.10

1500 14.30

Exchange Rates

With pricas very high end about everything discounted cor- rectly

The market appeared sensitive to adverse newn developments.

the market community When a report circulated that warned that the list might be the Pentagon wen cutting back highly sensitative to moderate procurement, the list met con- realising selling for a time. None siderable realising on Thursday anticipated a break of broad That session brought out the proportions,-UP.I.

of the year of largest volume nearly 4.5 million shares."

The Tally

Trading at the weekend reach- ed 493,830,164 for the year to date, atud that was less than three million under the total for the corresponding date in 1985 10.09 which was the best year since 12.07 1933. The total is for above the 390,009,709 shares at this time lest Fror.

Enginess wan song In the iceal unometal exchange 121arket Thia morning at the following rater:-

4.80 17.5. dollar (per sit Sterling notes (por 41) Indonesian rupiah (per 100) Australian pales, (per 21 Stem ticals (per 100) Bingapore (Siratta)

3.15 20.15 1.00

Montreal Conference

Was A Great Success

By SYDNEY GAMPELL

Montreal, Sept. 28.

By common consent, this has been a successful conference-

well worth all the time and work that it has taken.

LONDON

MARKET

REVIEW

London, Sept. 28. Stock markets quietened down this past week after the upsurge of activity in the previous week and there was a general pause.

The rise in the International

with

tension in politics coupled the irregularity on Wall Street caused investors to hold off and for some operators to tako prouts. However,

this selling appeared light, and was well absorbed. After Tuesday'a settlement, the markets brighten- ed and looked generally firm.

The gill-edged markot main- tained a fairly steady course,

| but with only modest mavement and a somewhat amalier Aumm- over. Some of the business was

It is recorded us having un- | telt agreement that the Impor- | the United States, te Blowing animously agreed on a vel oftant thing for Canada and the thal minds and polleles can meet a casc of switching from one rules for a constructive and ex- United States is that people in in a common interest." pansive' Commonwealth economie the stering ored should Increas- policy in the light of the presentingly be allowed to convert their active Sino-Soviet sterling into goods that North economic ponetration.

America wants to sell.

more

government to another. The activity in gills was maintained British Paymaster General, sahi rate.

Mr Reginald Maudling the by hopes of an early cut in bank the conference had surpassed all expectations,

In the foreign bonds section, It has not been a maller of The removal Di discrimina- The art of Perth, Minister Cermons were somewhat quieter, scoring runs so much as agree-dions against dollar goods locm- of State for Colonies, said that Japanese were ing on how to play "cricket." ed larger than the formal anan- chad convertibility problem, and Britain announced an Important forward move during the con- an underetace.

UNANIMOUS

It turns out to be

When the conference essem- bled there was real doubl In

animous agreement.

several important delegations as

no

FORMAL SIDE

was

also hesitant.

on every item the conference, Thera WHA broadening of had done all that could reason- interest in Greek Issues on the

expected ably have been

and pessibility of the loan from Ger- more. If a leads on education many not now materializing, or and other matters were followed that if 11 does it will be con through, it could turn out to be tingent upon a fresh debt settle- as important as the Ottawa Conment offer being made by the ference of 1032 and

es Greeks in respect of old debts. Invidious-Reuter.

Bank Of France

Statement

Interest

SECURITIES

in dollar Decurities. remained at a low ebb and the official dollar premium foll during the week to . the lowest point for several years, and compared with 17 por ĉont á year ago, This is a reflection of the strength of sterling in terms

Paris, Bopt. 20, The Bank of France clulement for the week ended September | of dollars.

Franc

On the formal side, there was to whether it could reach | un- Jogpearncht that Britain und animity, I not, I was thought other sterling countries must be that a majority might have to left to make further progres; as go chead, lawing the luggards to and when they can afford It. decide for themselves kator. In the upshot, there are

The Chancellor of the Exché- Laggards.

quer, Mr Dorick Heathcoat Needless to say, South Africa's Amory, scored with a metaphor co-operative attitude was highly that the lock gates cannot be appreciated by representatives of fully opened until the water bes the colonies. Austraila equally comes level on both sides. showed every disposition to find

By far the most courageous 10, reads as follows; emman gourd with her Com-decision of the conference monwealth partners.

on markets for manufactured | Taal gold holdings Each country expressed individual viewpoint

goods from the poorer Common- other currencies

Sight balance broad wealth countries of the East.

The political pull of Lança- Advance to shire, Dundee and the producing Total bills discounted 1,925 130.194.074 Industries ir more developed

Noica La circulation 330,700,101,855 steady, notwithstanding, and the forward movement was later Commonwealth countries (not Current accounts and

deposila only Britain) has been boldly

411,101,220,007 resumed. Company news caused U.P.L. several good features. Steels subordinated for the economic

have been helped by political commodity |nood of India, Pakistan, Hong-

considerations. agreements are to be studied on kong and other under-developed their practical merits, og þ com- trens. promise between those Com- monwealth

its

forcibly but there was genuine desire to sink differences alike on com- modity policy, convertibility and other Items.

THE MERITS

International

which countries

.

REFLECTION.

hitherto regarded them DS L waste of tline and offers which considered them o panzoDEN.

Reflecting the CONECTISLIS

at

the close of the conference, Sir

ton Fund

Subli

Although many Brat class 247 150 209,400 industrial - shares opened the 10933,024377 weeks on a firm note, the Inter- 14,125,200,000 national tension had its affect tor time and many prices drifted. But the undertone was

дого

Bank Of England

Statement

Sterling

dt hoped that the proposed David Eccles, President of the

London, Sept. 23, on British Board of Trade, laki international study group

The Bank of England state- tü land and zinc with be able to Reuter: "The outcome of

ment for the week ended Sept. come up with something more conference shows that countries 20, reads as follo.c constructive than the recent 1 of such diverse unsets and such London talion, or more than skivores auges of development. Note in clrculation...

Pubilé depOLILA Waelsington's récent Gotion of can none the less work out, | Private deposits.

Goverom securfias Unposing important quotas on guiding rules for economie ex-

Per pocucities

Katib

these metala.

On the convertibility question. the conference rendheit "at least

persion in the free wronick

"It ought to be an encoutegy- ment to other countries, notably

The prestige of the Labour Party là very low at the moment; emphasis is still being laid in many quarters en tho Prespects of industrios catering for the consumer, and feed and drinke have hold and tobacco shares up well.

15.) provided any freworks this past

314,018031

The oil share market has not.

week and the trend had been 170.234500 mainly unceriaid, chiefly the 30281426 | result" of the halghtened tension in the international situation. --- UP.I