1959-01-26 — Page 9

SCIENCE

THE CHINA MAIL, MONDAY, JANUARY 26, 1959.

Weekly Review Of The American Economy

NEINILING GUARDED OPTIMISM IN U.S.

NEW US. SURGICAL SPLINT FOR PATIENT'S COMFORT COMFORT is not usually associated with bone

fractures, but a new surgical splint can claim to make the patient as comfortable as possible,

The USA. firm Connecticut Barulage Mills, Inc. of Bridge-

port, Conn., has developed this Magnesia Extracted

new surgical ald known as the "Akuma foam" splint. Two main

components are involved a sheet

of aluminum alloy and a foam: rubber strip, which is bonded to it. The resulting splints, which come in various designs to Angere, nases. arms or legs. bring certain interesting innova

tions,

unusual convenience

t

For the physician, there is the of being able to cut the plint to the desired length and form 12 to 1 the injured member in a matter of seconds. For the patient, the splint's special rubber backing mcans a gratifying degree of comfort-not only because it nets ng a cushion, but also because it retracts and and compresses

to any therefore adjusts itself variations swelling. The

in aluminium spint is, of course, very light, which adds to the patient's comfort,

EFFECTIVENESS

the surgical point of From view, the "Alumafeam" splints have certain features which 10 beyond the effectiveness of

From Sea Water

W

THEN a plan to extract magnesio from soa- water was first put forward in Britain in 1937, It was re- ceivod with

littlo very enthusiasm, as it was point- out that ample and ed choop supplies wore availa- ble from Austria,

the Despite this scepticism,

of the scheme-the proposers Sleetley Magnesite Company Ltd. West Hartlepool, County of Durham, England-went ahead and erected a pilot plant. In the following year, 1938, a full-scale plant-the world's first water refractory magnesia unli was laid down and was pro- ducing at the rate of 4,000 tons a year when the threat of war emphasised the strategic Import- ance of the new plent.

БСЗ-

Since World War II, the plant has steadily expanded and, in 1958, the production rale has orthodox splints. The use of reached 150,000 tons per annum, aluminiun

inevitably. creams,

the, bulk of which will be sup- that the splint

13 strong.alled to the refraetorics Industry. degree of the economics of the process are providing the fullest protection and controlled Im such that the company is able to mobilisation. In addition to this, market magnesia at 70 per cent however, it can be moulded 10 of the Import price. fit any anulomical contour. When An X-ray is required, it may be left on the injured member since it is perfectly

penetrable

by X-rays. Where Inspection or removal of sutures is necessary: the splint is easy to remove and reapply.

Sea water is drawn by cer.tri- fugal pumps through'ave pipe- lines and Stored In four tanks, having a total capacity of 8,000,- 000 gallons (30,240,000 litres). These storage tanks ensure stently flow of sea water through the plant, whatever the state of the tide. In order to remove

1959. Will Be Year Of Good But Not Spectacular Growth

New York, Jan. 25.

President Eisenhower's economic report to Congress on Tuesday last differed from its predecessors in that it charged. the Administration with a programme for actively dealing with the problem of inflation.

Not only did the President sot forth his plans for the cabinet comentico on price stability for economic growth, he also pro-

SINGAPORE EXPOSITION POSTPONED

Hingapore, Jan. 25.

SINGAPORE'S

Constitu- tion Exposition has been postponed for a week and the month-long fair, the biggest of its kind to bo bold In Southeast Asia. will now be opened on January 31.

The reason for the post. ponament is because heavy raine over the last few days have prevented tho completion of the surfacing work on the roads leading to the M$50,000,000 Ex- poslilon and heavily laden trucka darrying goods and workmen to the stalls have churned what toadways there were Into muddy

mires,

The Singapore Chile! Minister, Mr Lim Yew Hock, gave his consent to after postponement

the

visiting the site.

The Army has now been called to to lend a hand at emergency drainage work. However, the forecast is rain and la for more still problematical whether the reads wilt be ready by the end of the month.

Development Of UK And East German Trade

London, Jan. 25.

A wide demand may be ex- pected for the "Alumafoam" calcium blcarbenate from the The Federation of British eplints, by virtue of the ecinfort sen water. for the patient and convenience feed ipto for the physician, both casential features which comply with rigla ngherence to recognised medical standards.

New British Diesel

Injection Pump

tanks or

the storage lanka five pre-treatment hydrotreaters, where a small proportion of dolime is Introduced. After treatment, the sch water is pumped into reac tioh tanks and here it is mixed with the dolime slurry, ond pre- takes cipitation of magnesia place.

Plastic Windows With

TEW British single-cylin Zipper Fasteners

NEW dor,

distributor-type

fuel injection pumps

diesel engines are

for claimed

to have several advantages PLASTIC windows

בקוותנות

Oslo.

HONGKONG

STOCK EXCHANGE

Our Own Correspondant

Business done on the long- kong Stock Exchange this snoring amounted 10 ap- proximately $195,000. Noon quotations and the morning's

CHANGE

OF STYLE IN TRADING

ON WALL

WALL STREET

New York, Jan. 25. › Wall Street noted a change of stylo in stock trading this past week on the New York Stock Exchange.

posed an intensive study of the American Iron and Steel In-transactions were:

mills this week Sharep Buyers Sellers Bater manter in which the Govern-stituto caid

compiles the statistics were scheduled to be ment

operating of rated BANKS

101 010 12 DOT steel which it uses to describe the at 75.0 per cent

compared with 73.0k.. adle ct the economy. Further, expacity, Eisenhower proposed amending per cent in the previous week. INSURANCES

Union the so-called 1918 "ull employ- mort net" and establishment of government committeo on relivities affecting prices and cosis.

A

SIPPING Steel Output

Watertoat

72 73

$4.50

8.60

1000 5.15

0156.50

500 4.95

100

1000 12

11.00

翅

The oil shares were brought and Sharon gained seven in the forward and given a whirl tod stcels; Philip Curoy 0% Cham so were the air

Ek 踮 nes. The plea

the papons; nicela enjoyed good marked on Eastern Air Lines, 4th the Friday on good news from the air transports; Disney 4%

atect the amusements; General Time Industry, Several companies were stepping in the specialy; and National

Tea four in the foods.

American Motors fell more. than two points it encounter- ed profit-taiding ofter reporting sharp rise in earnings, and after word that the big auto Chemical issues had some makers were,

pushing their dimeulty from time to time and plans to go into small car pro-

the electronice. Toduction. so did

u; operations, apparently cutomobile

sheets. Bui automobile issues did little.

Chemicals

the

Steel ingot output for the Wheelocks year is expected to reach 110 millien teas, compared with 05 Docks, ETC.

Dock... The arcpesal to scrutinise the million tons in 1959. Feredasie Wharf ..

abeu. Provident 11.93 12.20 elalistics used by varicus gov- at present range from ernment regulatory agencies was 108 to 116 million tons.

F. Palot, President of Hotel 2020 231

LAND, ETC. view made with

200 * 13.40 beecos and drugs continued to what Republle Steel Corp. prodleted ik Land. 301 30 300 301% determination of exactly

mean economista

when they steel production would rise 26

Humphreys talk of inflatio

to 30 per cent this year oveHealy 1.475 1.825 0000

1958. However, addressing the RUBBER

to the

T

Triple Purpose National Industrial Conference | Amaiņ

irts) 3.02 3.1

10.70 15.00

The "full employment ae!" at Beard todny, Paton added that precent has the triple purpose it is unlikely that the industry Sungai of preserving maximurn pro-will require any massive add- UTILITIES duction, maximum employmenttien to its caparily before the Tram and maximum purchasing power. early or mid-1960's. To this, Eisenhower sald, the Administration will seks, to add the goal of "reasonable price stability."

1,50

1.075

Totalled

show

a good following. Here and there an outstanding

Sales for the week tolalled, [drature made its appearanico. 19,287,700 shares, п daily of 3.899,540 shares. average 2 3000

Rome Cable soared when it 2030 1.05 was announced it would become compared with 21,015,080 liste of Aluminium Co. shares, h daily average of

4,203,018 shares

In the pre

on

of America.

Dividend increases helpedvious week. individual stocks ilke Diveo- American Motors topped the

und Co.

of U.S. list in turnover with salos

350,100 shares, closing the week

.... 1.925

A. Tawah..

2,63

1.30

20.30 27

300 20.90

4

200 1 20.1 300 g 28.00

Star Ferry

Wayne, Texes

200 at 03

BO 11714.

Playing Card.

Superior Oll

of

gave a demonstrallon

Califomia at $88% of 2%.

of wide

255 25.00 21.10 9.20 23.20 23.10

23

16.30 10.40

500 G 25.00 1750 24.10

in

600 ct 10.40

13.40 13.70

c. Light... 10.30 0.40

Electric

101

106 Thanks largely ta ccntinued

Yeamat.. 20 44 improvement in orders from the auto Industry, the build-up in siect buying is gathering steam. are munting In general terms, the economic Oder dicklogs

IND report looked into the year with orders pouring in at

MACIO E... the milis arc aliced with guarded optimism. faster rate than

INDUSTRIALS "There is a reasonable bass for shipping.

Cement The U.S. 1 industry was confidence that the recent i-

STORES, ETC. ca major Dairy. will be spared the threat provement in activity extended

months strike along the gulf const this Wate ahead," the offein? text read. week when the AFL-CIO oll Crow.... Observers of the U.S. economy workers unlon voted to accept CTTONS

Textilo. interpreted this reflect the vlew of the Council of Economic Advisers that 8950 will be a year of "good but not 'spectact lar growth"

Into The

Confidence

A survey this week of 032 | American manufacturers made! by the Journal of Commerce found a "high degree of con- fidence" for the year's outlook. The newspaper noted the "come- what

unanimity surprising"

品 the among industrialists

prospects of much better busi- ness this year compared to 1953. Industrial production, which

he's been on the upswing fer the past eight months, is at the rnoment very close to the peak reached previously.

the five per cent wago increase MISCELLANEOUS to sot a pattern for the Industry Viure on day mean an increas in INVESTMENTS prices of several petroleum K. & F.E. products-UP.I.

11. ABANSA..

,100 64 18.30

Other activities included movement that can come only Royal Dutch with sales of 245,- 1400 at $40% up 3: Pon high-priced issue.

World Airways, touched $2,185 a new high, and American closed the week at $2,130, up 242,800 130 up 14; Standard Oil (N. J.) 110,400 at 584 up 1; $105 á share,

Over on the American Ex- Studebaker-Packard, 181,200 at off a Sperry Hand, 200 14.30 change the favourite was Borne $14%

Chemical which touched $34.50 | 149,300 at 24-1/7 up 4: Parke. and closed at $83.25 for again Davis 145,200 at $39% up 1% on the week of $32.80 1 share. and General Motors, 188,000 at

The oils registered gains $40% unchanged.-UP.I.

luch- ranging to six points in field. A. M. Byers rose

15.20

9.39

203 (92

COTTON FUTURES IRREGULAR IN NY

New York, Jan. 25.

Ave

*Bank Of England

Statement

London, Jan. 25.

Bank of England statement

for the week reads as follows:

ended Jan. 21,

Notes in circulation Public Deposits Private deposits Government securities

Cotton futures climaxed a week of irregularity with a smart ur securites

rally at the end of the period,

a bale from the 1st They sold $3 close the At Friday's Durable goods, hardest hituled eight to 35 polals-40 recent lows, and Anished the for the best levels to 1.76 a baleigher week at during the recession, are coming cents back strongly according to meet than the preceding weck.

period, inzators. Auto sales; for

Prices spurted thead The May delivery crossed le and 35-cent level en the advance instance, Juve been good so far vigorously on Thursday and should improve with spring. Friday following disclosure that absorbing an increasing volunte Wards Automotive Reports

moving into of hedge offering on the rise.

for the weet Loan entries estimated cutput of cars and cotton has been

reached ended trucks last week at 165,584. the government loan at an in-

January 10

bales, the highest slightly less than the preceding creasingly rapid rate.

Trading broadened out to the 454,550

the season week, but match better than the

widest proportion in months as weekly total since 128.388 the same week i

1. After the old crop deliveries, under ataried on August constant pressure for

redemptions the some allowing for about. net stock of 1958 collon under fime, turned abruptly

the government #mounted to

year ago. Appliance sales are

also up. Industries (F.B.I.) and

Spending for services is ex the East German Cham- pected to show another large her of Foreign Trade have increase. Max R. Allen, Fresi- dent of the Amrican Society of concluded ELFI arrange

Travel Agents, estimated this ment for the development week that Americans will spend of trade between Britain as much as $20,000,000,000 bis

$3,000,000,000! and East Germany, it was year for travel, disclosed here today.

A statement by the F.B.I. said

inore than last year's record.

Earnings

that the arrangement provides

for

an exchange of some £7

Bank Of France

Statement

Paris, Jan. 25.

toan canopy

to

feceipts Railo

Storting 2,011,107,340

13,238,180

211,823.180

200,094,

30.110.T

RISING TREND

BROKEN

IN LONDON

London, Jan. 25.

5,871,368 baies This week the stock markets was characterised by a sharp 'setback at the start which broke 4he rising trend in prices.

agriinst only 2,170,890 bales

the same imo last year.

Discounts

The Bank of France state-overnment Joan

£OMS

It was precipitated by the time of the 1934 debt settle-

証

was Labour Party's chances in the for thought it There is also the prespect ofment for the week ended Jan. statisticlans million worth of raw materials, higher earnings by corporations. 15 tends as follows: semi-manufactured and finish-The fuel that inventories are nol cd goods on both sides.

value,

abroad

zero

1.902.014.129 3.337,122,370,330 461,507.570,712

UP.I.

season.

www in-

If prices In leading spot publication of the Daily Mail, arent conference. German bonds public continued to rise but at a slow- sample of markets remaia ut presefit of a

showing the or Tate. There was a certain the opinion poll wide discounts

under

pubile believed genèrd!

The amount of investment support price,

Japanese and speculative next election were equal to support for Coldest and Balkan "not beyond the realm of

Issues resulted in n general loop entries those of the Conservatives.

improvement. Frane possibility" that

for the season may top the all-

The sudden drop in slutre 9,445,003,728

There was a revival of in- time record of 7,280,000 bales values which this very dimsy

amongst 14.123.200,000 impounded during the 1969 piece of so-called evidence pro- terest in Antofagasta

duced surprised many people. But foreign ralls on reports that an Hesitancy earlier in the week the fall should not be blamed American company reflected the steady rise in the

terested in the railway, since this report wholly on amount

cotton certificated

markets these days are parii- Dollar stocks had an irre-

sensitive and avaliable for contract delivery.

ouch cularly

gular appearance

the The stock climbed to a record

periodic shako-outs Trust bo

week moylag up and down in mid-week expected. in of 82,705 bales

What this sudden roacetion of Wall Biteel. then dropped about 2,200 bales, drop in values did Indiegto is with 0.400 bales awaiting certi- ! that tho' current heavy invest-

AFFECTED | Ncation,,

ment buying by unit trusts for The Census Bureau reported their feetfolies has been ac Business was done

local domostic consumption in the

ef raw companied by a good deal of Unofficial exchange market cotton in December nt 727,410 peculative business parti- morning at the following rates 3rd running bales during a 25-day cularly on the part of small US dollars (per: $1)

The figure investors. starting notes (per £1)...

overly large either at the Total gold holdings oler 29152004

Bigh These include some £2,000,-wholesale or retall level will Total other currencies 000 worth of imports by both tend to discourage markdowns.

under itcence and thehis gives samo promise for advance to Stabilisa-

tion Fund with parties

irger profit margins as well of purchase through London

now be Total bills dircounted Wall Street analysts zipper fasteners may goods of non-British origin

lion In love that aggregate corporate Bankroles in etreulti- over other typos,

of £3,500,000 soon show up in American the region

earnings this year may challenge Current accounts and

stepolia -or exceed the record $24,- homes. injection Many fuel

British exports to East Ger- 600,000,000 reperied in 1935. a Norwegian employ a separate pumping ele- Sigurd Sundby,

"Demand for goods fa in a' ment for each engine cylinder, inventer, won a silver medal fee many provided for include tex-

tiles, plastier, chemicals, iran strong uptrend," according to each element consisting of a the idea at the 1957 Inventors

and steel, sclentine Instruments, Standard and Poors geonamisis. plunger and barrel with some Fulr,

of resulting expansion and television equipment The radio means of controlling output.

industrial and

plant and volume will perenit wider pront margins os utilisation of new, machinery.

British imports are to include more efficient plants la stepped

purafit up. Additionally, break-in chemicals, fertilisers, wax, carpets, furniture, pottery penses of now factiles will be

Australian nolés,iper £1) and porcelain, musical instru- smaller,

steel theresian ruplats per 100y Further recovery in

Slam cals (per 1001 ments, scientific Instruments and

eperátions is also expected. The singapore Straits) machinery-Reuter.

With the distributor type pump there is only one pumping ele ment and this is provided with a means of connecting the pump delivery to each of the Injectors In turn.

DIRECT DRIVE

Sundby said his windows are resigned to diffuse the sun's rays in the summer and deflect the heat.

The inventar has nine inen working full time to all orders for zipper windows, ho ozid U.P.I.

The pump, which is arranged Chemical Prevents

for a simple direct drive, is a

vampatt

Exchange Rates

Cotton

Weekly U.S. unit convenient for Metal Corrosion

atting to the smaller engines and muttable for operation horizontal-

A NEW chemical compound

which will prevent corrosion

of

135

working period.

12.00

compared with 589,673 boler

8.22 20.87 10

used during 20 working days in

December 1057.-U.P.I.

Goods

ABSORBED

Marke dealings were characterised by and Tuesday.

the greatest number of bargaitis

OVIT

Industrial equities were also priblie opinion affected by the poll and, thefs recovery as the weak progressed. would. Havo gone faster but for the latest. shipbuilding ngures issued by Lloyda showing British ship- Buliding had dropped to third place in the world, being ousted Most of this profit-taking was by Wasi Germany. Ship easily absorbed by the jobbers building shares en Wednesday. and by Wednesday a fimice were marked down eveti bellow tane bad developód. Monday's the depressed levels of Mondar

Some of the loaders on coiT- oh record-10,436. · This is 'hot tho close watch on kept a

bought moderate, up sightly with Calcutta. and knitters ly, vertically or any other posi-

New York, Jan, 25.

of finished goods. amounts to complète February-

llko Rhyoh grey goods sellers re- a record of business deals but pay salts and company_news tion.

Desca, TEW business in the movement

A mported a mixed altuation. Some of price ahangos and for what jumped ahead,

General Elbetrie and Philips Some seller indicated satisfac-March requirements.

Bontrees said the it is worth illustrates the se21- producing dress fabric

Were Complete with governor, it loof inotals had been developed by

splaners

mostly grey goodation, and others disappointment, ber cotton an oil-tight unit in which pres Hungarian scientists. The pro-

were situation was in "good shape."- silvity of the speculative tem- Lamps. Stores

easier. where there was B. heavily puro is maintained, thus pre-duct is said to be considerably market continued at a slow over the finished goods volume. carded haliling

booked Various synthetic blends with parament.

general trend of recovery 'Bilene' produce than the venting ingress of dust of water. cheaper to

Tho quarter and culipo made up a sizeable group

pojis mid-week. public opinion American pace last week as buyers What happens in this market in riported comparable during operation. The moving nearest

strength claims hit gilts and freedomables in shaping buyer were open only for fill-in lots of fabrics showing big, factor corrosion inhibitor of the same and sellers played a cat-und- the next week or two will be a trough the first

falshed But other

good the future in grey through March. parts operate in 'filtered fuel oil

ted the general rotations In mouse game on prices.

plang for

Hard fibres featured a slow-houses in the print field round Brition unds but prices later fri | 100. *** var, biri lepak jihoden and no special lubrication is said

Producers maintained a nem goods, matted; exports felt.

situation "rather low. the to be necesseTY.

recently strong the Actielly in heavy tridustelat down in front on prices, but unimpressed

the week recovered up to the grand hid best airly od worsted wquarter from the worst. market. White prices Boston reported

the lower, moil; prtow under-bidding, fabrics slowed down following winnl

factor in degeaming, the,prkqu; buyerskepi

'Dil | wäre.

quqlably unchuitged, yarn orders wore rather slow

sellers In the foreign bond market of copper alisten. hoping some mulla might come recent adyaheen named

türks

week, although Buyers buyers became aware of, on this dgwg to meet, amo cheaper contig

ferihed were hopeful for an early mark there was ertained support: mi Sting, donira Tośnia, print offerings, floating riportedly here covered on ewing todency. In

for fedra Bellin. Ein Andes and on new buslitess, some broker Grock bonds on hope of dulfone sharan sabe kround the žark#:

|ffield; Klitomobile, tolbása

war thought a new demand from debt settlement: and, Brites are: and thore wha Auklarte cu mikilất, buying the prawns svarter and arợ nów BražAL NA KORG KIS

Cena trading few developiḥanistanerally unchanged whille spot knitters could be on within two now, not per off the borok as wegrijaRPURUKA

in cotton sales FEIN, WILVER THE MORS: DEFINE geleer moves, wwØKER MONEY.

type.

di can be sprayed onto the metal surface to be profected in The pump la claimed to be the form of a white crystalline operating powder which evoporates rapide for high qulisble speeds as the reciprocatingly to form a protective flim over mainen are anali and, since the the surface of the metal.

The compound can be sendi plungers are returned hydraulic- But there is no gelukuting misqvels in males, to fahipit cor problem. The mahom are CAAM roaldh as ancientegnating, agwit

of

Jarn

cuối