1958-11-24 — Page 9

SCIENCE AND

THE CHINA MAIL, MONDAY, NOVEMBER 24, 1958.

Page

Weekly Survey Of The American

American Economy

ENGINEERING GENERAL BOOM FORECAST

HEARING AID ELIMINATES Recovery Expected To

CORDS AND WIRES: BONE CONDUCTION AIDS

ΑΝ

N exclusive new self-adjusting sound plate for transmission of sound to the inner ear by bone conduction is incorporated in a new eyeglass hear- ing aid announced by an American company's hearing aid division.

Nothing is worn in the ear. The self-udhanting sound pinte on the hearing aid temple bar elaninates the need for curch. wires, car buttons, and molds,

The now greater efficiency and wearing comfort to the many thousaarts of hard of bearing who rat Enefit from a bone conduction

Instrument offers

4:16.

VIBRATIONS

middle o

For those with a purely coti- boss, usually due to tive

outer ear problems. the new Imperial bearing aid can provide exceptiorin) estils. 3 is ideal 4. spokesman statal Also for those who mild to moderate ot tuire only port-tune Telp.

OLD FORMULAE

moon.

NOR taking a shot at the tho U.S. Air Forco is using the latest in rockots, and depending on old formulac to Figuro out speed and alming,

Continue Along Slowly

New York, Nov. 23.

Businessmen who a few weeks ago forecast a general boom In 1959-60 are beginning to pull back somewhat and predict instead that the recovery will continue slowly through the next year, but probably will hit boom peaks afterwards.

boom times.

in

They point to this

wack's docen't inake for new records or NEW ROCKETS BUTs in various fields, Agures,

which bear out the trond of Rather, the outlook for price recent weeks, Indicating that stability is better now than in tho pace of recovery had slowed many

anuber of months, Perceptibly. It appeara how prominent bankers told United that the third-quarter gross | Press International in a survey. national product (total outpul Most impurtant factor in this of goods and services) will | has been the ablky of the U.S. Do below the anticipated annual Treasury the

three past retu of 440-billon when the months to rate seven billion in rovised

figures are announced new money without appreciable soon by the US Department Increases in the holdings of of Commerce.

Government securities by com- New cars have been pelling mercial banko as heavily na predicted. Large- are made on the newest seien-y because of short supply due the devlees such as the Univar

to strikes. For the first 10 Scleatife Computer, bul the

days of Novembar, sales totalled mulae go back to

the 17th 93,000

of 11,740 an average path deler per selling day, whereas many experts had hoped for u dally Theories of Juhan Kepler pub-rate

board of 15,000. Paper Tibed in 1809 'The velvety

uders on November 50 tat depends on the law of gravity

and have been disappointing. Sir Isauc stated by

economiats note that this in- Kneration later.

dustry always had been a kry economie index

The calculations, naturally.

los is

entury. The mained

who re- bearing

To conduct soumi Vibrations, the sound plute fila singly on

T mastend hone Tell the Car, which

in Learn ound to the inner eur.

mounting

rondinets

the basla

Newm

years

or

The problems of such a &ớp -manned or unmanned-- were Swivel

u hundred aclarly spea with

So much s ago.

that Julga choice of two extensions neko

pinte self-adjust to Verne wrote about the shooting 12 Mare

of moon-girdling satellite fit all hend contours ugly nud comfortably, he sub. It rocket from American soil, with provides the full contact with remarkable nrcuracy. the mastuid bone necessary for

Melent sound transmission,

TEMPLE BAR

About the size of a penny, the sound plate is designed so Nut it vibrates independently. Temple bar vibration comirən in conventional bone conduc-

yeglass

סי!

luminated.

ܝTrack1

modvis Is

SIMPLEST TYPE

type of

of conditions.

Recovered

The Agures

show that

dusty has recovered two-thirds

of its recession loss, according the Federal Reserve Board's production

The Index index. stood at the Jew of the reces- sion, and now in at 188. How- ever, it is holding close moon

The simplest trip or shot is a hit or a near- mish. The rocket would hit at about 7,200 miles an hour and blow up.

war-miss they Tucket would go over, aroun and back to Earth; or it might take off into space.

For શ soft landing reverse smartly-styled temple rockets would be used. That bars encase the new hearing was Jules Verne's plan.

The rid's precision engineered cum-

amplifier rocket could then stay put and ponents--translatur

transmit messages for a long Concult, receiver, volume co- frol, and microphone. Fingertipne, working on solar batteries, volume control AllOWB the The hard way would involve wearer to adjust sound to thu exact loudness xurying itatening conditions

The Imperial is powered by ny mercury battery in M hery swing-ut compartment. There is also u spare battery mpriment that provides the user with a reserve source of power at all times.

Int

Suggested retail pilee for the

Imperial now

$5 US$225. (Zenith Radio Corporation).

PROTECTIVE SUIT

FOR A-WORKERS

A

PROTECTIVE suit made

with Goon PVC shoot-

has been Jointly by two British firms.

ing

an easy landing, 0 atop-over and a return trip. And as to Verne's 000-foot

and randon big boom, the farmed novelist Look the Newton and Kepler Inwa into account, but he made errors and he had no Univars. One notable error was ignort ig al drug. The modern day ex- perts figure his rocket would have gone up about 100 feet and then plopped back. A rocket un veluck needs about 25,000 miles per hour speed to get away from Sir Isaac's gravity.

Humidity Detector

For Packaged Goods

BRITISH electrical de-

develops vice protects shipboard

It was des gned and developed packaged goods by dotecting primarily to full the require moisture before damage can ments of the British Alvanic Energy Authority. it affords be caused.

the wearer complete protection The devier enables the against rol.oactive dust while humidity inside a package to be allowing ma mun freedom of tested without the necessity for movement, add against other visual observation through types of Industrial gases, dusts transparent panel and consists and fumes

of a sensitive element, which But I can be used fVT the

is fitted in each package, and a and gas holders and refrigera-

instrument used to tion plant emergencies as well portable as in the oll, thi tnical, cement carry our checks during perlodic

Inspections. and other Industries.

Special features of the Bulti Only one checking instrument include full ventilation to the need be used to check large body extremities, and helmet numbers of packages. If

the wearer.

Te-

air bose is taken by a special back to a central control panel hamese, Úrus reducing fatigue. | for

vision intContinuous

nir supply, both controlled byquired, the elements in a num-

The weight of the ber of packages

can be wired

humidity measurement.

recording of the relative humidity inside package

possible and Dudibic

visible warning could be used to indicate the uxistence of a dangerously high relative humidity Inside A package.

It gives unrestricted

all directions,

Quick Drying

Ship Paint

A

or

The device was developed by Electronics Ltd., Hinges, Middlesex, England, and Export

Service LA.,

66

MATERIAL for use in E.M.I.

producing rapid drying Packing

to

that Jigure, and at the monent It seems unlikely there will be a sport which would into new high ground.

curry

The Fears

It is

HONGKONG Moderate Decline

STOCK EXCHANGE

Our Own Correspondent

Business dono on the Hong- *kong Stock Exchange this morning amounted to appro- ximately $341,000. Noon quota

tions and the morning's traze- actions were:

Staros Buyers Sust Balen

·740 743

20 743

20 240

79

( or it will destroy the nation;

unfortunately, flko sin, tolerated, encouraged and in- deed enjoyed by many." Hoswell BANKS Magill, Chain n.of the Tax HK Bank Foundation, Inc., and are of the notlon's fox authorities, INSURANCES

tnter said in a magazine article that unless Congress halts the rising Lombard' Federal debt our children may SHIPPING

a doller Wheelock be paying bills with worth one cent" Magill Insisted DOCKS, ETC. the current 60-billion Federal Provident 19.10 12.20 000 1240 budget is highly inflationary,

Common Sense

common

Unek

+

..

LAND, ETC. HK Hotel.. HK Land Stumphreys Really

A. Tawah..

On the other alde, Chairman C. V. While of Republic Steel RUBREN Company said that inflation | Amalg can and will be controlled "if Tru we mix hard work with a little Sungala

Berise," and Dr John

UTILITIES Harriman, a respected econo mist, reported that "certainly Tram

Star Ferry Yaumati infatiomary tendencles exist.... but just de certainly America's ( C. Light

Electric capacity

produce sup- ported

bolh common T. schsd and sound ccotomie

should maite Inflation

One of the fears in banking circles has been that the bond market for Government securl- Les would be cummerolol banka, with the end result that the naney supply would swell And inflation would follow. But the upward movement of Interest rates has made it more attractive for the Don-bank investors to come into the Gay- emment bond market.

polletes Also, recent Federal Reserve Bosed moves against active impossible

have put

banks States," under pressure to reduce their Government holdings,

Easy money

Other factors contributing to price stability have been the clear evidence of higher pro- in capacity ductivity; ample consciousness of the danger of and lower turm instation

prices.

Stability

manufac- Businessmen and

This stability extends into lurers both have been cautious

the money market, in sharp in their operations. Inventories

contrast to the altuation just a of both manufacturers and re- tallers were reduced sharply few months ago. This money market stability is in keeping during the recession, and both

with the present rate of have re-ordered strongly. Thua

business recovery. Sald OZE there have been some artificial

"The recovery ls shortages which will affect the banker:

One

Coast proceeding gradually." West statistics.

The reported

bankers believe that denler, for instance,

the credit slivation ta ng that his latest shipment of re

per frigerators was 40

cent should be, with no excess of short of what he had ordered. credit either in the stock mar- There has been a cat re- ket or in the consumer arca turn of confidence at all levels

life.

ther bul o! Americnt hax been no stampede buy goods. This, of course, la good for the long term, since it eliminates the flationary pressurt, but

source

10

generally.

The experts all disagree

it

رورة

to

for the United

was

Rita..

1.80 3.33 5000

1.35

43

21:30 21.40 1000 g 21.40 20 30.21 100 30.28

1480

1.33 1370

1.89 1,9939,000 @ 1.65

2.475

3.00

100

91 100 a 90.30

17 17.10 1000 6 17.10 24.30 24.00 2000 24.10 12.30 13.30 28305 13.2 23.70

Hits

New York Market

New York, Nov. 23.

Stocks during the past week suffered a moderate decline, their first since the week ended October 24.

setback

The decline came after the The market declined market had agala risen to an Tuesday and Friday, the latter all-time record high on Mon- being a rather severe

eight amounting to 0.07 points in the ballon added to the value of all Industrial average. The Tues- listed chares in the nine sessions day decline was only 2.55 points, since election.

| day. That, record saw

Hence the small

erosion of the week was taken lightly in trading circles which held that the market was entilled to a brlet reaction during which # could consolidate its forces for another drive to new tops.

X1 several

Merger Ban

was a week marked by interesting nows

B

development. The most interest- ing was a court docistan benning the proposed three-billion erger of Bethlehem Steel and Sheet Youngstown

Tube. That hit tho market

01 Thursday when a rise was The experts said that

It hurt progress.

steels and prices are admittedly high, the spilled over into other sections. The market had been buoyed

No Signs

while

market at the current levels

in

and

shows no signs of real impals up by a proposal of merger by

& Norfolk

Western fellows Virginia

Railway, iwo Con railroads with carrying a wide bined assets

net

was

ot

com-

23.70 20.00 1900 @ 23.80ment, The big holders are not

selling and the Uttle continue to speculate.

The

result of

$940,000,000. movement in prices

a When the Bethlehem case was at the weekend in amounced, the traders follows

turnedd dustrial average 550.57 of 3.11

to selling the menger rails. Nor- 10.28 fatic pokhts, railroad 154.99

was driven down sharply. utility 80.61 of 0.07, and 65

It made a amall recovery alocks 104.03 od 1.01.

Felday. 4,243,000 The stock 4,150,000 previous

+

7.10

INDUSTRIALS Cement

24243

23

... 13.00

13.00 11.00} 140 47 12.00 13.40

500 13.60 13.00

23 18.30

Sales shares daily, against

the shares dally in

averaged

week.

¥ותי1

Indicativo of the graduu? | STORES, ETC.

business Improvement in the fact that steel production Last week held stendy at the previous week's guro.-U.P.I.

Waters L. Craw MISCELLANEOUS Entert

COTTON FUTURES REMAIN QUIET

New York, Nov. 23.

Cotton futures climaxed another week of quiet trading with a

sharp drop in the spot December delivery on Friday.

Net changes for the week ronged from 50 points lower to seven paints higher, or off $2.80 up 70 cents a tale from the

10

As

to whether there is danger of feeding week. really harmful inflation.

must

Bernard Baruch commented this week that "Infation be denounced regularly like sin

London Market

Gets

Needed Boost

Loudon, Nov. 23.

This week's cut in the bank rate from 4% to 4 per cent produced the necessary flip in the stock markets.

ISSUANCE

Spot December plunumeted to 35.52 cents a pound, establishing the lowest level for the spot

month since Feb. 21, 1998.

Issuance of delivery notlees fur 17,000 bales on the first tender day proved unexpectedly large and brought a race of liquidation through Wall Street commission houses

the trade. And

New

Orleans and Memphis Spot

WITC

DI

Interests

buyer December against sales of March and May.

crop

U.S. Businessmen Told

To Push

Sales In Singapore

Washington, Nov. 23.

00

exchange on- nounced the short interest o of November 14 at 4,890,991 shares. a decline of 140.931. Wall Street had anticipated decline much larger than the me reported and hence the Sgure was seen. as not un- Invcurable.

Big Factor

The big factor in the short. interest figures was a jump in the Studebaker-Packard short position which went to shares from 294,414.

455,084

The bulls immediately began gunning for that horde of beare La Studebaker. Buying orders

and mounted

on Thursday Studebaker-Packard opened on two blocks cf 50,000 shares. it was in strong demand for a time but suffered later when the general market receded,

Eastman Kodak favourable dividená action the stock breko becauso Street wo disappointed the company's failure to split the stock. American Telephoto declared the regular dividend and gave no thought to a higher rale

had been or a split Kumoured recently.

had

but

tio

Over

Among the better gains of the week were Air Reduction p 4%, Norfolk & Western up 031⁄2, and Thompson Products up.7%. Some of the best stocks Usled wide losses which produced

the

The Commerce Department called on American

businessmen today to make a more aggressive helped depress industrial

months were With pro-

The

sales effort in Singapore.

Department's

actually declined," "Foreign, has Commerce Weekly" said that article stated, Singapore has expanded its total

"Restrictions unports, In the past two years,

the

Now relatively neglected duction prospects for this year epparently discounted, traders thudght some New incentives would have to appear to aporic and a further increase la likely. Imports no doubt have COM- new activity in that section of

the list.

LIQUIDATION

Part of the December liquida- tion pointed up reports that des- pite the heavy role of entries ander the government loan pro- gramme, a falt-sized percentage of the ginning have been spill- over into commerclai channels.

entries for the week Loan

"The United States not only want to share in this overall in- crease but the value of United States shipments to Singapore

Bank Of France

ngainst dollar

Iributed but determined sales efforts by competing countries also have been a factor in this changed supply position.

LIBERALISATION

"With a gradual liberalisation

of dollar imports possible

average. These included East- man Kodak off 9. Du Point off 4. General Motors off 2, and American Telephone of 2 U.P.I.

Bank Of England

Statement

London, Nov. 23.

The Bank of England state- ended the week and ment for

the opportunity to import fairly November 19, reads as follows: freely via Hongkong, "American:

businessmen are expending the Note in circulation Pubilt deposits.... the Pente deposite、、

Sterling

Statement

2,031,009,702

United States share in market."

11,200.571

305,016,900

Paris, Nov. 23.

of France

state

Govenment securities Öller securities

Statio

209,504,639

24,530,203

20,270,301 0.3 -U.F.I.

The Banks

the for

weck

ended November 13, reads as follows:

ext

The cut had been expected The bank rate cut so far has come weeks ago, chiefly because supported gs to the extent of the technical altuation, but that they are all up to 15 shil- recently it had been discountèdlings on the week. Dollar stockr chiefly because with the gilt-have suffered a paucity of busi- edged market depressed, theness resulting in an undecided would be charged trend in both 0.6. and Canadian government with using bank rale to bolster stocks. The Americans Ledded their own securities which is to

case while the Canadians considered rather

an undigni- had few arm features. The pre-ended Nov, 14 soared to 401.627 bales a new high for the senson fled thing to do.

mium is still away down at to date. The net stock of 1950 However, it was done but

per cent.

crop cotton under loan reached not specifically for this reason There was little movement in 2,019,743 bales, or three times but as part of the government's foreign bonds. A small advance more than impoundings made 10 policy of gradual expansion.

in Gërmana completed the ple- the same time last year. Some The Icsult was that the city ture so far as Europeens were quarters thought the lona total was taken very much by sur-coucerned.

eventually may reach 7,000,000 prise and even the pundits who

hales, or more than half of the pride themadivos on boing in

Lresently indicated crop. the

know were cought ០៧ The industrial market still The loan fgures, along with balance. But markets reacted na holds the stage. This emphasis better October consumption they should and while there on equities has been helped by total, and the sudden rush of Woo no dramatle

tion advance, the continuing strength of Wall setivity in the textile market prices improved all round,

Street plus the latest move to sustained prices in the forepart popularize share-owning emongof the period.-U.P.. employees and the various hirm purchase plans directed to the small invostet. Various sections of this market were also helped bg, company nowo itemia.

Gilt-Edged

point finithos, suitable both Kingsway, London, W.C.., Eng- British funds occurred in the

for interior and exterior work land.

on ships, has been developed

in Britain.

The material can be led Plastic Filler

by brush and can be thinned

with white spirit. It will dry

in air in about an hour.

Wel

Industriols

In the gilt-edged market quite

considerablo" solling of

carly part of the week and the Tensions of tho markol

One of the features of this greater than noed be bochting Work's business fine been the widespread advance in Kaffts. there were few buyers.

There were two main reasons Litle of this has been seen in mort of the for the lack of buyers both in London #inue

markote, Thuring he been coming fron

Total zold holdings Hond sther currencies sight bojance abrosu in EPU kate Advance tɔ Stabilisa-

tion and

The article sold that the pro- cepts

per-capita income

sent Singapore is one of the highest In Asin. This acts, as a deler- rent to the establishment

of

261388 200.490 industries, but Singapore officials Exchange Rates

Frant

of 3,972 79 hopo with the help OUT- and Industrial capital

Business War dane in the local 14,120,200,000 side

market de know-how to develop secondary | unomical exchange Industries at run avonfegated rate. morning at the following rates:-- Tatal bilis ducuunted 2,090,218,919,201

US. Aðlar (per $1), pre Banknotes in circula.

Singapore wages aro higisor | Sterling notes (per £1) .. then in Japan, and Hongkong, Australian notes (per E ************** 3.358,950,773,656 Current accounts

Sidonic rupiahs (per 100) deposits

401.411,640.184 the main petential competitors Biam cale (per 1003

P... in secondary Industries--UP.I. Singapore (Braile)

and

5.70

15.07

12.08

0.20

20.20

7.00

Cotton Goods Market

Weekly U.S. Cotton

turors

1on

manufacturers

wondered New York, Nov. 28.

គង

One leading products sold his Macket... Analysts yarn OTTON grey manufac were potentially in the strongest mill was operating with less than whather the current buying

posithin in years.

a million yards in Inventory splurge might not meet the same this woek

They ngainst a weekly output of fate. AN American company has gilts and other"

thought the sc- American operators going booked the biggest volume A domand for goods, which 4,000,000 yards,

cumulating onter backlogs might a high developed a paste like plas-first, was there, was lite money It will al, produce log in toluidine and red pigs de nuer which I elimed to to shout following the unusually though our and con-of business in several years. has been gradually gathering Bone extreme optimists em-tempt some mills to go back to

Heavy settlement following the aph operators are showing in-

tnostol.marlots. The Ameri rientations, Experiments, with pair shnost anything.

Mili exécutiven said 1 woŭta | momentum for more than a ghaalbed the buying now is in a six-day work schedula. Alia Anished whether the recently announcOU the new compound, which

big business done in the processing antic of condence in bo ducis work to fit the total month, blossomed out of a full fluenced by a better bund on the Use of styrehaled A. Whils, phate, which can bé | visus aquount.”“” Secondly, die the strength of their dollar and into actual figured, but a few fledged scale when buy goods businean, "They recalled plans to shut down for extended

nhid ilica putty,

In locating that previous, but shortlived Tankegiving alkyda) produces a blah thei; Worked

It comes quistening Intertiational dove are plunging in gold wheren in agrond it would be in the perienced dificulty A sepáráls. faardening topment, particularly can be really, and emelently re-with

sumfoleni | buying splurges, resulted in vacations might not be modified. case the price of gold is raised, į neighbourhood of 100,000,000 desired grades in material. A faw drops of Die | Berlin, hokź, mackota

duanlity. -The oil mare market in cont» | yarch."

rudden, fosting of heat in the conted If required.

EsTeal of the mill curtaliment | "cold war,"

However, 'samo'ynantifreturend The new compoun), which is latter are said to spind harden Dut the last haft of the week tinuing in a very quiet con-

ptarted several F. Badler Love, Secretary- | programme, de-

prices being made commercially availing time to as little as 80 businets Improved and the very dillon, although sudah

had that yot When the Marines lunded in inelarbed Ameriėsu Line Treasurer,

tightened supplies; the Middle East In Jyw, thero|reathed Cotton | montha ngo

Tho polnit · attractiva able; ls, produced by Styres minutes. Chice hard, the mais firm undertone and general velopments

Trintitute, as filed, sanded and | optimism over, Britike's "osone;} introduced an element ut un-] Menufnoturers

paldandi ntong thự Jine, brokers" re- | won n rúnh CosPolymere LAY. I Hosok rial aka

for good, but it enough for them to resume a

Fix-hy WorkU‚P.I. painted, Lane, Rale, Cheshire, England,

Industry leaders Indicated cota ported. my sqht prices up.

curtainty ---UP.I.

petered out in a day or two:

over

down.

ono