1959-03-09 — Page 9

.

AMERICAN GADGETS ARE HOLDING OWN IN SPACE AGE

By JOHN MCNUTT

New York.

AMERICAN gadgets are holding their own in the

space age.

Here are some recent entries

In this field of curiosities and

#mall-scale Tabour

vices.

raving de- Electronic Scanner

Elcctrlelty hos practically eli-

minated the work of epening Sees Everywhere

cans. For $20.05 a housewife

can buy a machine into which she merely insère a can of food, pulls a lever, watts, a couple of takes out the 1çconds, then opened cuntalner. A magnet snaps up the can d

There are two offerings for campers who like to maintain a neat appearance. SHAVER

There is a battery-powered

A

THE... CHINA MAIL, MONDAY, MARCH 9, 1959.

Weekly Survey Of The American Economy

GOLD OUTFLOW DROPS

Last Year's Decline

No Run On Dollar

New York, Mar. 8,

The outflow of gold from the United States has slowed to the relative trickle normally consequent to the coun- try's balance of payments defcit, according to final statis- tics for the month of Fe'ruary.

༄

HONGKONG STOCKS REGISTER

STOCK EXCHANGE

by

Our Own Corresound) ot

FOURTH WEEKLY GAIN

New York, March 8

Business dane on the Head Stocks registered their fourth weekly gain in the past week with the industrial average reach- ing an intra-day high-a record top-at 615.77 on Wednesday.

7771

Provident 13.20 12.3

4.10

605

Industriqle topped

on the 65 stocks average 210.33 up Monday, 010 · on Tuesday and 2.09 for the week and 7,68 for were near 612 at the close on four weeks.

on

best whon

IV

kong Stock Exchange This more than a year morning

amounted to app:0 The steady outflow, which in the past year at times 112 per cent

ximately $91,000. Noen qüela- reached $400,000,000 a month, decreased to a Meanwhile, In Detroit, auto- tions and the morning's trans- mere $1,000,000 last month. This has backed mobile production was expected actions were

to reach its second highest level

Saces Buyers Ser BANKS up official contention in Washington that last of the year this past week. The

Automoblie INSURANCES

IX Bank XD year's record outflow of 2,3 billion was not a trade publication.

News estimated 133,0BB cars Union an

and cause for alarin,

Thursday, . The market had its 10 Wednesday would be turned out, a 4.8 per Lambard

SHIPPING

Then

the Federal

Tuesday over the 127,750 waterboat 2715

Reservesession cent increase Lust year's decline in the polni out, Is not even taken cars, produced last week

boosted the discount rale from industrials ren up 5.75 points and | Wherlocks 2- B1⁄2 – 3.56 Birmington. U. S. - golde stock, the current) into account by the govern- 89.4 per cent higher than out- DOCKS, ETC.

as to three per cent in some and rails gained 2.43 points, NEW electronic

centres. Dock

That brought a mild | After that the gains dwindled scan monthly review of the Federal ment which taxes their pro- put during the same week a

amounted ning system which an-

rastion on Friday but left the until they

to only York fits., Corporate financial state year ago. The uptain was af- LAND ETC Reserve Bank of New

market up on the week.

0.03 on Thursday for industrials ables the watcher "to look notes, "can in no senso be re-ments continue today to under-tributed to Chrysler Corpora- Hotel 23.10 1.33

and 0.47 for rails. garded as a run on the dollar." state the depreciation of their tion's return to five-day opera-Land In all directions simultana- The most proble explana- assets by the amount which in tons at all its plants in the Realty 1.475 1.525

The market had been losing Orbiting of Pioneer ously" has been developed tion for the Improvement

steam and mony" took the dis-generaled to their United States, Eddid

a whirlwind market RUBBER by aclontists at Birmingham the US cold slick, which at kital ccst. The result of

electronika Iksues, for a 2.023 213 2832 0 2.525 count rats boost as an excuse to for still

Instalment buying of autos Amax cost on their and represents carrying this

realise suma profita But the tline. The enthusiasm thus University,

report dis. 20.6 billion

appliances increased in UTILITIES, somewhat more than one half booksa cost which in some

selling failed to dislodze any generated spread to all depart- closed here.

123 15. Large holdings and it quickly ments, including of the total official holdings of enoes would be two, three or January, according to a report Tram XD

the recently Professor D. G. Tucker, head

the non-Communist countries,

the Federal four times greater if figured in from

Reserve Star Ferry is that the rise short-term today's dollars is a material Board.

subsided with prices rallying backward oils, An additional 387 mile Yeumati

from their lows. The market Coppers met demand дя that S Light ....... interest rates since last sum- overstatement of profits for most lion in consumer debt in

stur 25.00 13 been expecting this rise for coppers prices firmed further. Electric

a long time to bring the dia | Sône of the mer has induced forelan holders.corporations that have sub-month brought total instabment Macao

steels performed credit outstanding to nearly 33.7 Telephoste of dollars to invest their dollars† stantial amounts of property.

count rate into line with other wall, notably Lukens. Tho in such instruments as Treasury

billion,

(D) ...

25.01

rates.

mators had periods of strengųh. (N) 23.00 23.80 1800 2303 Imports of crude oil bills. In the past it has been

and INDUSTRIALé

'which didn't lost too long- usual to see doliar assets

refined products info the Cement XD 23 23.20

There all are worries over the United States continued to edge STONES, ETC. joying favour over. gold pùr-

Traders argued If the action prospects for the auto industry chases.

37913.40 were taken at this time by the with some curtathment of pro- duction already being ordered. Federal Reserve to get a better American Telephone during the check on Inflation the in-

D

ghaver weighing 64 ounces that of the University's Department Is guaranteed to cut whiskers closely and painlessly for $10.95.4-Electrical Engineering, comm Batteries so power a manicure henting on the reperi said: "This is quite revolutionary and machine which Ales, buffs, edges could have many applications, and "sapphire points" anger the most promising being in the nails, "För men or women, in a case with transparent top," the field of collision avoidinca in

Aircraft.

who

zet scils for $3.50. Card players

diskko shuffling and dealing can get nellef for $9.95. A "card-o- matic" wil riffle up to three docks and deal "two to six hands

for canasta. bridge, poker, pinochle, Furthermore, It always deals from the top of the deck.

"We are working on funda- mental principles, but what wo have done so far indicates that It is almost certainly feasible.'

The report says that a "rapid sector scanning operating acoustic echo-ranging systep" has been developed which was recently given a full scale sea inul on board the Royal Navy

search ship, Discovery 11,

Many Americana insist on coffee brewed with freshly ground beans but spurn grand- mother's hand-cranked grinder ECHO-SOUNDING

as more filing for the base of

Professor Tucker said existing

on antique Tomp or a flower echo-sounding equipment work- pot. A glass and metai electric ed by means of a pulse along a dovice delivers desired quanti-beam and enly one direction at lies of fresh coffee ready for the pot at an instant's notice. Price of the coloured models is $27.95; and $32.75 for chrome or copper. Another Arm måkes just "the pot to receive these fresh coffee grounds. This electrical gadget will "automatically perk and serve as much as 32 cups of zestful coffee at the table

or buffel or In the executive office." A red signal light flashes when the beverage is ready to drink and a low heat element "Will keep coffee hot for haugs." Price $39.95.

The report commented the difficulties of producing a radar system with rapid operating electronic Geeler scanning are net likely to prove insuperable.

No Improvement

In flation has

A yet, analysia nate, there occurred no marked. Improve- ment in the U.S. export-import balance.

Omcials also point to the feet that the gainers of gold in 1958 were European countries, which traditionally maintain a Jarge part of their international reserves in the form of gold Most of these purchases were mado with newly-gained dollar Lhrough balances rather than ilquidation of existing assets,

Reluctant

The Government is naturally reluctant to effect a change in

mean serious Jos

Trust

מא

23.20

104

2015 18.00 231% 23.70

upward last week pending a Watson XD 13:35

Dalty-... 10 1620 1000 w 4625 ouncement by the Government 1. Craw of

a now

jmandatory control COTTONS

Its method of calculating de preciation, & change which would at revenue, and also de facto recognition programme, of the

the Govern- Sharp Dispute

fact that

ment is Inflating the dollar.

various

devices

such mortgaging of their assols,

27.

DA

od

Textil

(4.42 14.33

2:52 $.03 MISCELLANEOUS HK Conat, Vibro 15,00 The American Petroleum In- INVESTMENTS

Alted Int. my....

act

I

4.50

1407

5.40

Inflation

flationary factor sull was life for curso of the trading set a new

20-year high. the stock market.

The market also had many Quickoned other things in its favour-the Trading quickened with sales Ploneer IV getting into orbit for the work totalling 21,018,800 around the sun; necord stcelatores, most for any week when

Bank Of England production: higher auto output; since October 17, 1988,

→ Statement

Ratio

Recurities

high retali trade; year-to-year sales totalled. 24,402,870 shares.- gains in electricity output, and That, was the week of the pre- car loadings; and a sharp rise in vicus attempt to shoot the moon construction awards

This Berlinan attempt that failed, news was less ominous,

time the sclenlists tried to misa on Thursday, industrials were into orbit just where they plan

At the highs set at the close the moon art put their satellito at their Hest jovel in history and ned to,

Sterling 2,018,782032 50 was the composite average of

Last week's sales averaged stocks in the Dow-Jones 4,203,000 shares, against a cally 13.519,7an 65 208,20,045 calculation. Railroads touched average of 4.088,807 Inthe 203.404,050 their best price since January previous week which was 44,648,191 23 ang ulitles were at their to four days by the Washing-

Theton's birthday holiday.

37,373,360 10.0

U.P.I.

Exchange Rates

the. Thursday close.

cut

| best since June 10, 1930. | utilities "managed to close the Du Pont was the star of the week at their high, duplicating week in the industrial group top ranks, I netled 11 points At the finish on Friday, the land was among the strong spota industrial average stood at on Friday when. It rose four focal 609.52, up",0.02 points on the points. Zenith Radio soared 20 ants weck and up 27.10 points in the points on the week. Lukens 1.78 past four weeks; ralis 183.74 up Steel nested 9 points. 15.941.24 on the week and up 3.30 Sales for the year to date up 13.75 for four weeks; utility s3.03 up to Friday's close totalled 25.85 exactly 1.00 on the week and 1.82 up 2.05 for the four weeks and

Many corporations, however, stitute reported that shipments are able to minimise the Praeveraged 2,167,300 barrels per tical effects of this understale- ment of depreciation through day in the week anded February This was 11,000 barrels, more than the week before.. With the administration The situation of the Treasury to.

assign mandatory. "import" had, by this week, shown con-

take Quotas, apparently to

London, Mar. 8. siderable improvement, with in- oct on March 10, to replace dividual tax receipts reported the present system of voluntary ment for the week ended March The Bank of England state- to be running ahead of last Imports, a sharp dispute erupt 4, rends, as follows: time could be covered.

Excise figures.

tax Indeed, the dollar shortages, you' By the new system a whole

Inst

over the advisability of month were at least for Europenh countries, receipts

Notes in eirculation area could be scanned electroni

restricting oil imports at all. showing galns over cally "so upidly that to all appears to be a thing of the also

An editorial in the

Wall Puble deposi

Private deposits... intents and purposes you

U.S. businessmen, February, 1050. In addition to past. aro

And

Street Journal entitled "Crude Govemment indications, are being warned that they face these. favourable locking in all directions at once,”

for their corporate profits are definitely Protectionist brought a flood Other securities stiffer competition. he added.

letters from the fiscal of

olt-Receipts products in world markets on the upturn, leading that

market, 1060 may be larger than those producing southern part the and in the domestic

country stressing the necessity as producers of electric genera- foreseen in the budget.

The clearest Indication Inst of maintaining domestic ex- tors have discovered,

of in-ploration and development, of manufactured week that the problem The prices

Was causing concern The editorial had orgued products appear to have risen fation

Uniled came from the Federal Reserve that if the government's laten- Business was done in the more rapidly in the

authorised four tion was to conserve' domestic unofficial excțiange market States than in such countries as Board, which

and Great of its member banks to raise oll supplies in case of a cut-off meming of following rates:

U.8. dollars (per $1) ..... West Germany

their charge on loans to com- of imports in an emergency, it sterling noter (per 1) Britain in recent years, The

factors offselling

which had mercial banks from the 21⁄2 would be more advisable to en- Australian notes (per ¿1)

Indonesian regilah" (per 100) petroleum imports.tum ticals (per 100) tended to obscure these differen-per cent which had prevailed courage

full U.P.I. tals and shield domestic pro- since Inst October' to a

Singapond (Straita) ducts from the full effects of three per cent.

that much Intemational price competition An indication 1958, largely dis move might be were, by

coming was a statement made the previous appearing.

one of it is true that the upward day in Washington by trend of prices in the United the governors of the Federal States has tended to level off Reserve Board, He said the In recent months, with wholesale Board would be pursuing i prices registering a gain of less more restrictive monetary

policy THE development of now

than one per cent. In the past points rated in under-year, and the cost of living riding Suli tired, nervous and over-writar's laboratorios tests as only 1.2 per cent. Many analysts

two to four times more se conuation of this sort which has shown the senstre Political issues dominated most people's minds this worked?

There's the "executive offectivo than other cushion," a foam rubber cover-retardant coatings, has been dd vibratce which for a merc $110 "provides multi-directional for relieving nervous massage

CUFFLINKS

+

preter dress For aven who accessories on the practical side,

there are two offerings: a must- cal cufflink combination and

*

Pointing out that research was | in relallvdly early stage Pro-

fessur Tucker said the principle

asdic was the same as for the (the under water echo-sounding equipment). Ching Special

Mall

tle clasp which features an ac- Paint Stops Spread

curate, tiny slide rale." One of

the cufflinks contains a jewelled

watch; the other plays Happy Of Building Fire

Birthday" and is faced with

a

calendar displaying the wearer's

birthday with the date scored in

red. The cufflinks are $20; the

tle clasp $8.98.

and physical tension." It may bo usodara blast foot rost or sat upon.---U., P. I.

Sampling-From-

Deep Tanks

...

THE

announced:

firo:

of plateau.

The materials are said to stop

Dramatised

if it were not for the continuing high level of unemployment.

The Federal Reserve Board,

POLITICAL ISSUES

170,005,191 shares. Last year It took until April 22 to hit that level and in 1957 it was not un- 111 May 1 that it was touched. The total now is the largest ziaco 1933 when it was 210,744,- 220 shares.-U.P.I.

DOMINATE LONDON Bank of France

were the main restraining factor to a further stock markets.

Although the undertone of of uncertainly rather

-Television

་

London, Mar. 8. past week and they advance of prices in

Statement

Paris, Mar. 8 The Bank of France state- ment for the week anded February 20, reads as follows; Total sold holdings 201.001312.500 almeibeling brodTA00

Total other currencies

Franc

in KPU 10,000,000,000. Advance to Stabila-

flon Fund

zaro

Total bills discounted 1,755,129,209,098 Blank notes in 'bir

sulation-qismanoryst Currant decounts and

depozita

criticism its monetary and credit polleles have been to blame in part for the present On the prospect of inflation, level of six per cent unemploy a vice-president of the Chase ment and the "ingging" rate of

then covery, of prosts. Hire purchase' the spread of flames chemically Manhattan Bank, John D. Wil growth in the economy, has been and also to insulate building and do Cleveland just weak following an increasingly restric-the markets has beco firm their hope. Investors ara teading to finance shares were easier ex- interiorsgalmat dleasur that we believes the potential live policy sie het August performance ha been poor and put their mominick cept British Wages which

has been recent rio on 'good ranilts. Praft effects of spreading host. They for serious nation

One of the sharpest critics the general appearance irregu- where there in this

Jowered spevine news justifying optimism tak

electrical will withstand 1,700 degroes

Buard's tight-money lar. country has been over-drama of the

appliance shares. Steels were on now issues. Fahrenheit flames for up to ong

tised.I, for one, am not such policy, representative Chester The gilt-edged market bez

firmer on greater political con- -hourinamented

Bowles Democrat, of Connect-the-week-pposly after the ul "a" pessimist,"

Adunet The very serious problem of cut), said in a recent speech "in vious Friday's sharp rise in the

Mining shares have been "over-dramatising" the danger Congress that "if there ever was Treasury bill rate. There was As a result no one section of mixed. Fears that the troubles of indiation has recently been polley which was an ineffec❘ some recovery in mid-week the market was on the centre in Rhodesia and Nyasaland raised by other analysts, who tive and blunt-edged tool, this but prices slumped at the of Interest. Start of dealing in might spread southward led to polat out that up to now, is 11." Ilgher interest rates,

*000 following news of the the new television Wales and 'some weakness in Kaffirs which despite steady erosion of the Bowles said, affect almost every rise in the U.S. discount the West charts stimulated in was increased by Johannesburg value of the dollar, there has phase of the economy and hold rate. All talk of a further cut terest in the TV group. Ameri- selling. Coppers Improved under been relatively, uttle economie back national production,

in bank mato ended with that can buying stimulated Glixo, item, of news and the main in- Unilever, Philips Lamps and Al-

Olls have been dull despite Canadian Dollars, Maximum the fresh peak on Wall Street Selling, 16-13/10. Minimum uence on government funds led Bakeries.

Leading tobaccos ductuated on Wednesday. Royal Dutch Buying; 17-1/16 T/T; 17% 0/D. on the latest lung

cancer was an exception with a fix Swiss Francs, Maximum Sell- Borax rose on re-, gain.-U.P.I.

*ing, 7494.

When flames reach the new paints, repelling reaction starts. | instantly." Likë a morshmallow "being" forsted, the paint bulle

up to form layer of flime-

A DEVICE for aukles from refording heat resistant coating,

contain

Q

the

pim of liquids from ethig both as a fire barrier and deep tanks consists basically | 39 insulator against of a series of rubber-topped | spread of heat. battles which vacuum.

Below each bottle, top is hypodermic needle connected to a spring plunger, positioned co as to force the paint of the needle against the rubber cap of each bottle. The bottles are

The insulating quality is fully as important

tho fire- retardant capabilities since the spread and penetrailon of Intense heat can cause interior steel and metal structures to collapse,

then lowered into the tanks by Machine Locates

means of individual cables,

When the depths from which Underground Pipes

the sample is required Jp achieved a sharp fug is given to

the cable. The shock of this

tugthen forces, the needle -

by Inerils tôto the

cap of the bottle and the spring

netivity based on the fear of National Debt

crapers 34 per cent in 1058.

-UT

1945

26a per capita

.

statements. Foreign Bonds

issues con~

the rise in the metal price.

€10,023,084,235

VP.I.

Agreed Merchant Rates

COTTON FUTURES SEE-SAW IN NY

New York, Mar, 8.

Catton futures climaxed a week of see-saw price movements

on a note of steadiness.

inflation.

Bowles pointed out that while Fear of todation is today most apparent

stock the national debt increased from is how political, In the market, and to a lesser extent 279 billion in in the rise of land prices. The billon today, the President of the New York debt decreased relatively from

Foreign bonds proved rather Stock Exchange, G. Keith Funa- $2,000 to $1,800; and the ratio

the International ton, prefaced the exchange's to gross national product has soucitive to annual report with the remark dropped from 131 per cent 19 political atmosphere. Fears of

à deterioration 02.7 per cent.

In the Berlin that share prices, as measured by the popular averages,

Bawlos -is

caused an easing In n formor World Position

hopes of War II price administrator Germans. With

to the The report stated that Amer! and

the debt settlement sl Was 'a member of cans were willing to pay higher Rockefeller Brothers Commir-fore. Greek bonds were active, fictuating within narrow London.

prices for stocks because of a slon which drew up report mits with fractional gains on

very real fear of continued on the economy Inst April. production is axilation? Funston warned that The steel industry continued balance. Japaneso rubberwocfed to start børn this when this fear may temporarily to lend the U, S. recovery from tinued to recalva, Investment} retains it there until the bottle menth of a cheap lightweight | stimulate volume and prices, the recession with production support.

There was Alled The spring forcing machine which can locate harmful Thu present average high in the week which started Trans-Allante stocks deput

long-range effects are scheduled to achieve a record

Hitle: interest in the typodermic needle into the battle top is then automatically underground pipes, their cash dividend is estimated to Toursday of 2,555,000 tons, Wall Street strength and most

ground At Friday's close the Ust, broadening interest in the 8,300,000 and 8,800,000 bates, released and the rubber top size and depth, it was an- be 3.20 per cent

produced in the week started American stock lost automatically seal the hole the nounced today.

In spite of this inflation heds- December 17, 1956.

With the exception of alls which ruled 38 petits blator to iiren texille market at hights" prices, ngalpat. 8,000,000, bales used the week points lower, or up $1.90 to Thera was also an Inciramo plast season neodle has created.

ing on the stock market, savings

Last work, the rule produced were strong ch

mit demand for The apparatus was developed Six of the machines have pl- have continued to set all-time 20,000 tons more than the for Cariadian sues were much down 15 cents a bale from the the

preceding week.

oction.

domestic by Messrs. A. Howarth and say be made and B. Collins of the British Atomc are operating successfully

Furthermore, if four of in-cast and operated at a rate of brighter,

political adtuation both

Interest centred mainly Memphi abroad." Energy Authority.

fiation will have effects on the 8.8 per cent of capacity. Last.

week z productión of 2,500,000 internet lonni ang domeille had the old crop meatus Prompt Roquests for further informe- public at large, one might ex one way the highest in more a dennite Lafuence ou industrial absorption of delivery ballons moderata sbuk costan tion hava come in from many i pect la suo evideen of "scare" parts of the world Including buying at commoditie

than two years, Modi

equities this past weekt, "Bibs" For Batteries Amadon, China and Russia.

Order for aluminium were bryant, odmits that prices by spot interests Imparted an we booked principa This evidence clearly, dogg

piring March invented by 30-year-old re not exist, although continut also pouring in 17 Week, but are will high but the overtage of mirength to the pond quarter part UBT on the United. Etapes les bilder, Mr

Lawrenes public

og the activity, here was not said to becoming alocrossingly hardarings in March market-in # battery, Halbtan Kenia, the 4,100 machine worker of

con: be impurred by the prospect: The soboundement, this past vibration principle polyéthylkna sheet, perforated on the to at over aner cups and contact similarly to the depth-recording SpEM AND COMEDd to be kept in arberatus used by ships looked

throo

the

repords.

+

Aluminium come while that the

to the Ward

供您

REPORTS

reporti

end in the most gotively Stalltiolaru Manga dormgatlé vienu

long, they saku

are

However, while

·prospċefs are :, improv Baldport prOSPELIS

ing OvcERONA tradent believed, “ may fail -around: 1,000,000 balas, corn- With 8,700,000 bales shipped last season.

parei

Throu