THE CHINA “MAIL, MONDAY, APRIL 20, 1959.
SCIENCE AU.S. CONFIDENCE IN SECOND QUARTER
ENERGY OF SUN FLASHES EXPERIMENTAL LIGHT AT ENTRANCE TO LA. PORT
Los Angeles.
A NGEL'S Gate lighthouse, known to seafaring
men around the world as the entrance to Los Angeles Harbour, is the scene of an experiment that may lead to solar-powered warning lights, fög horns and other sound aids to navigators,
The heart of the experiment,
which the Const
Guard has
been operating without fanfare Giant Sea Tanker
for the past year, la a aliicon
solar converter which chargea
hent from the sun into elec-Terminal In UK
trical enerY.
Maurice Lostlen, a civilian engineer and specialisi ira Navigational. aids employed
Milford Haven.
by TROGRESS on the British the Cons Cuord, is in charge ||||| Petroleum Co, Ltd's son of the project which he describes as a small scale start tanker terminal project at Milford Haven has boon rapid, and the last of 157 steel pipes have now boon driver in the 1,300-foot shore arm of the jetty.
with unlimited possiblittica." CONVERTER
of
an
The converter is comprised of a bank of 320 wafer-thin cell
neur-pure silicon, arranged
flal
surface 30 inclus square. The cells are wired to two regular 100 ampere-hour, 6-voll wet cell storage batteries that are hooked up in series for
12-valt output.
the
The batteries keep a 10-watt incandestent bulb flashing at tate of about 2,500 blinks every night. During the experiment, light a hooded to avoid confusing mariners,
Each down the dushing bulb is mutomatically turned off when a sun ray relay switch cuts in she slim cells and starts the electricity flowing into The batteries,
pur-
been
Another 02 pilles hove driven to carry the ser arm of the jetty, which will stretch for 2,500 feet at right angles to the. shere om.
Work on the project at the end of 1957. COMPLETED
started
COM-
of 1900,
When the terminal is pleted the middle two or the biggest tankers at present envisaged will be able to berth together at the jelly in Angle Bay, at which there will be a mikrin' depth of 34 feet of water
Tankers will discharge crude oil at 3,000 tears an hour into tonica 'holding nearly 200,000
735
tren
ATC
TELLTE
At present working on the project, than 300 of them on the laying at the 16-inch pipeline, which will carry crude oil at the rate
The Ceart Guard unit of this area, on ordeni from Washingtons. ton (DC.) headquarters, chased the silicon solar celi unit a year ago train Hoffnun Elec- tronies of Los Angeles for about A not excessivg price, $3,000, according to Lostlen, when the difficulties of producing cells are considered. PURE SILICON
the
800 tons an hour to BP5. Llandarcy refinery, near Swan- sea, 60 miles away,
buried The pipeline will be throughout its length and once found. Today's price la $100 Inid, will not interfere with pound, Then comes A Comm-
agriculture. It will cres: Ove
First, pure silicon
unly thick.
must be
An
in-
counties-Pom- Carmarthenshire
of the is
Most Industries Operating
At Considerably Less Than Capacity
New York, April 19.
HONGKONG
STOCK EXCHANGE
Our Own Cho spontent
Businers done on the Hong- icong Slock Exchange this morning amounted
WALL STREET
'BLUE CHIPS' LEAD RALLY
New York, April 19,
The week in business in the United States was marked by a cheering report on industrial production, very favour- able first quarter earnings roports from two of the country'sximately $585,000. Noon quota. The stock market staged a spectacular
largest steel manufacturers, and continuation of a docline that has seen government bonds a little lower nearly every day for more than two weeks.
In more general forms, the prevent wages and beneẞts with-ventory, builts up, according to business picture is one of most out change until June 30, 1000, some officials. industries operating ut consi- the companies stated that trends derably less than capacity, and of output per man-hour in the general confidence in the out-steel industry Meif cannot be look for the second quarter. used as a proper Index for changes in ricel workers' wages, and in "modern industry, com- panies spend
vaat research develop more efficient methods and engineering to per af production. and the
index
The Federal Reserve Board's of industrial production rose to 147 per cent of the 1947- 49 average, two points above the pre-recession 145 cent
August, 1937, point previous record of 140 per cent in February the same year. The Board niso revised upward its February figure, originally announced as 144, to 145 per cent,
than more
sums
on
Monthly Summary effort on the part of the employ-
The
IMIS.
to
appro.
the morning's trans-
actions:
Shares Buyers Bellera BANKS
K bank.. 207' 0121
INSURANCES Unibn Lombard SHIPPING wheelocks
DOCKS, ETC. Whart
Dock
shal Dock. Provident
alkuo .....
294
as
Rajen
336 13744 30 07:
20 77501
5.50
8000 I 3.00
1000 4.80 1000 $,80 503 # 1.51
100 64
Ca
11.20 1140
500
One characteristic of most in the targe industries, today amount of idle capacity. It is very large in the auto industry, for instance, which produced 8.3 million cars in 1955, but is widespread in Industries which are operating at a higher rate than In the pre-recession months of 1057, such as textiles and rubber (before the recent LAND, ETC. strike began) to well as in TTK Hotel 24.40 245 those which have not yet re- gained their old production Land.. levels such a machine toolsumphreys and heavy electrical equipment. RUDDER
Confidence
Fiently
Amair.
Trust. UTILITIES
...
331% 33%
42333
$50 3316 2003
rally this past week that sent the averages to historic highs and added more than $8,600,000,000 to market values.
the
Stocks advanced In every The rally also followed in the reseion with the sharpert gains; wake of récent offieisi warnings coming on Thursday and Fri- to marb preuiation in day.
market. But this was an up- lum led by the primo invest- ment issues, not the low-priced
locks.
The upsurge was led by the "blue chips," American Tele phone was the Individual atar but Du Pont, General Motors, General Electric, 8. Steel, Texns
Co. and Standard Ol (New Jeracy) also came in with strong support.
a
American Telephone, usunily narrow mover, aDared on Thursday and Friday.
Stockholders in
Wednesday approvest a three-for-une. rplit and the comparty expresad
1000 24 1000 2415
epiimism about the future, 33 2400 23° 14.40 14.00 1.313 1.00
3.35 2.40
2.15
2 1800 2,35
500 kr 27.10
9315 94%
11.00
BOU A 27.23
103 24 08 200 + $1
The railroads, responding to increased ear-londings and good March carnings, scored some
The "old" stock jumped 155 sharp gains. Brokers felt the points to $203 1⁄2-a new hlahı ralls the
recent market tince 1930. The new stock, loggards - did more than any- whch will repince the old thing else to set the stage for shares when the stock split bes boomlet.
comes effective, begun trading on a "when issued" basis. Industrial Avorage opened on Thursday at $845%
The industrial average closed nnd elever Friday at $80%.
week at a new ull-time Gutt high. The rails rose to a new | 54,
2000 or 17.60
27.90 27.70
the 200 27.70
240 7.0
"If successful, they then make large investments in new and improved machinery and equip- ment capable of turning ou! more of botter goods per unit of direct labour.
"Usually, with less physical
Tram ..... 27.10 27.40 Although this process in-
Nevertheless, confidence Is Star Ferry. 100 Bourd, in its monthly creases output per man-hour of summary of buslisens conditions direct labour, the saving In die-
great, and apparently is grow Your for March, reported also an in-et inbour costs is accompanied companies and whold
ing. The recovery of individual c. Light
indus- Electric.... ercase in housing starts, employ-by cost Increases in the form
tries is reflected in many in- ment, income, retall sales and of the research and engineering
dexes besides the index of in- Telephone 25.20 25.30 4050.verage-high since August 19, Tube loans. Unemployment costs of developing the now
production. For in INDUSTRIALS went down. Industrial prices equipment and processes, the
stance, gross national product Cement ___26.00 20 90 820 or 36.10 The economie news was very trom mid-cost of providing also went up, and
the capital in the first quarter fun at a re-
STORES, ETC.
favourable. Industrial produc Dairy 15:30 15 March to mid-April, interest funds invested in the new or
cord annual rate of $464 billion,
tion in March hit a new peak rates rose.
improved cquipment, the in
un increase of $11 billion over Watson .... 1420
und is rising again this month, of maintenance
the last quarter of 1958.
First quarter From February to March, Creased costs
carning's L Craw depreciation of the new durable manufactures went up equipment and the added cont
Sincerca
senzational In some cases, with Another from an Index and production of of any up-graded worker skills
indicator, personal Emporium minerals stayed the same at 123. and enlarged
Income, posted a largest in- COTTONS
Taxlite The auto
crease in nearly four years last MISCELLANEOUS production Index in-clerical forces required in con-month to reach a record high. creused from 130 to 142,
wection
the new equip-
bank
and
rement.
Government economista portedly expect the uptrend to continue through the current quarter chding 00 June 30, but they are uncertain as to what the third quarter will bring.
plicated process to convert the major river, railways and roads silicon in an ingot about six through three Inches long and onë inch in dia-
brokeshire, meler. Next diamond saw.
A goes to work, culling off slices and Glamorgan,
10-1000111 of unch OVERALL COST
An
The overall Cost Finally. through
terminal And pipeline genious metal-working techni-estimated at £6,500,000. At the que, positive and negative peak of construction, about 1,000 terminals are created on the in-people will be employed. Abou credibly thin wafers so that GO people will be required each may be hookett, in a chain-operate the terminal,
Everything possible
Is being link fashion, to the storage val-
excellent, done to preserve the appearance teries.
The silicon solar converter the countryside, and no major
with
technical
Auto Industry
and
"Thus, the net cost reduction le less than the moving in direct man-hours of work.
|
dustrial
rate
Whe
Vibro
297
10.40 10.00
15.29 1839 18.30 14.30 110 14.30 200 or 2.30 150 71%
2003 #4.03
14.30 100 14.20
433
10.70
Bank Of England Statement
Landon, April 10. The Bank of England stale ment for the week ended April 15, reads as follows:
Inventory Building Noter in circulation
The total was at on annual INVESTMENTS
Allied of $368,000,000,000, or
H.K. & F.E $3,200,000,000 higher than in
Invest. February. The advance the sharpest sineo July, 1953, and It was the seventh time in İníng months that a record was sot. A large portion of "the over-all rise in wage and salary Much hinges, of course, on the course of events this summer in "Therefore, such labour say-
payments résulted from an in- the steel industry. A strike is ing cannot be passed on to the crease of 1,100,000 in empley- now generally expected, und It Is workers in the form of wagement in March to a total em-
ployment figure of 63,820,000. without increasing tell that a strike of four or six increases weeks would not seriously im- production costs." pair the position of most mahu-
Public depoalla facturers
of because
heavy In the automobile Industry,
Private depoxita stockpiling of steel.
the year appears to be shaping Latest figures show that in-dovernment up as a "normal" Bajcs
year, ventory building is continuing Other securities
Receipts carnings
prospects and "norme?" compared with The stocks held by factories LO It is doubtful list year's logging sales is very making durable goods (where whether the steel companies good, indeed. As the industry ch most of the change has been) have sufficient public support ters the critical spring and sum- have risen about $800,000,000 to resist seriously the wage mer selling season, auto ausein. from their low. However, at demania which tho steel-blies for the
year to date are $28,300,000,000, the total still is workers unton will certainly running about 34 per cent above $3,500,000,000 below the 1957 press forward, and consequently the like period a year ago. Em peak. Up to now the gainin the subsequent rise in steel
the industry, which catput ployment
and shipments han prices.
proportionately is now 580,000 cumpared with becn
Jarger 698,000 in early 1957, is expect than the gain in Inventories for ed to contract somewhat as in- 'UP.L.
to
With
at Los Angeles Harbour is pos-engeering work or excavation withoul tioned so it the cells face the has been carried out sun asli rises and moves from approval by a landscape con- Curiously, the sultan and the National Parks east lu west.
Commission. output of the cells diminishes un overcast days. But a dense fog seems to
Historical Pepton Fert will be used for offices, puštamus, radib
purposen - Chine
have little effect and other on the generation of power,
Mall Special. Lustlen, who heads the only experiment of its kind in the U.S., predicts that Larger unit
some day will be mounted Sun Radiation For
self-powered
fumtable whlehr
will keep cells facing directly
of the sun as it moves across Heating Purposes.
the sky, tummer or winter.
TO CONTINUE
Stockholm.
Holding Line
The steelworkers union has Invested heavily in a massive on the (dvertising campaign theme that more money in the pocket means more business, all around, and now that both completed the of rejecting on both wages anki steel, prices
sides have
"We plan to continue theTHE und of sun radiation "rst experiments Indefinitely. con- eldering the
covered," he says.
ever.
round"
t rise in
Steel Co., one
The Chairman of the Ioland
of
the
12
freezes for heating purposes is prices. possibility that possibla in Sweden, says Duponts, note probable_chen L ---one-døyt & more efficient cle
ment than silicon will be dis architect Cunnar Ploijel, au- xillary professor at the Today ten of these available (Stockholm University, who units could flash u 166-watt has beon...... studying this bulb-100ml-problem for the past thirty n 1,000-watt light.
"The harbour Ught at Angel's years. He says that there is Gate, known to mariners round no lack of sunshine, though the globe, requires 500 watts tho necessary prerequisito on
of four Coast Guardsmen.
horns, whistles navigational
the root.
"If we can accomplish what we think
The roofing to be used should we can he блуз, "one day Const
be ordinary window-glass plates Guard lights,
ather covered on the lower side by and .utca will be bluck-coloured copper plates, old celestial Mr Plejel says. When the rugs pass through the glass they will heat the copper plate, and only a fraction of the heat obtained will be reflected back through the glass.
last week that holding the line
New York Cotton
Futures Close On Steady Note
New York, April 19.
companies which will start bargaining next month said Colton futures closed the week on a steady note, although net changes for the period were irregular.
the
steel industry, to hold the line On wages would enable
prices, and these two
atib-
Starting at 20.96, or two cents a pound under the preceding July delivery,, October sequently tailled 16 31.07, then backed off to close the weök at 30.95 cente, de about 89 » bile over the inillal pileo,
of electricity to flash it. And would be to build houses
cannot be separated from each A Friday's, close the list the round-the-clock attention with sun-ray collectors on alher despite some statements ruled 18 lower to 17 points
to the contrary.
higher, or off 80 cents to tip 35 "Increased production costa, cents à bale from the preceding without: compensating
week. price interenses could only result in
Both ends of the market lower proft,"
which the in developed strength as the week dustry call afford," Joseph drew to a close,
New crop deliveries were L. Block said. "The manage-
alternately stently and unsettled ments of steel componles have Nearby May, after sagging as traders walted the comI- the n responsibility for adequate $2.58 a hole from the highs of plotion of details on camings because without them] April 3, reversed
cha field on Government's purchase the industry will not be able Lectrical replacement buying sales programme for the 1959-00
the nation to servé
properly alone
before crop. with covering for pencethno or national de Best, nollee day—Apill 24. fensive purposes."
powered by that ireball the sun and Guardsmen at all"
Ultrasonic Gauge
no
In order to tiistribute the heat all over the house, two different pir-conditioning system could be
Simplifies Measuring methods might be used... An AN
N ultrasonic gauge that obtained by causing the air to is vald to simplify pass through a layer of steel measuring thousandths of an wod beneath the copper plate,
#fated water to
hent
Cannot Agree
It has been pointed out that the steal companies cannot
the matter of prices without
- Inch variations in cylinder or d water-table system could be
wall thickness has been de-installed there, leading the agree to a concerted action in signed for Improving quality accumulalde" consisting of violating anti-trust Lawn, control of engine cdstings. Globber sdl (sodium sulphate) Nevertheless, the past practice. Tho dovico utilise the with a melting point of 31 deg. has been for one or two large principle of trasonic C, or even of coarse gravel or arms to set the industry price resonance. A probing crystal jej macadam. According to Mr
Battery. vibrated againot the inside Pleijel, this accumulator would cylinder wall surface, beping be able to remain Hented for n
as high ba 4 million cretes per long period of the winter two steel producers this past
record, until at some frequency season. point the surface la vibrating in harmony with the crystal.
Raw cotton exports through On the other end of the lat; | April 14, as reported by the the October 1900, contract came New York Cotton Exchange, the Board Wednesday, totalled 2,172,673 bales against Unexpectedly wide muctuations 4,003,884 bales shipped in the followed immediately.
same time last season.-U.P.I.
on
Pecurities
Sterling 2,034,741,531 11,337,700 300,049.359 241,644.333 47.410.720 40,370,378
14.5 -U.P.I.
Bank Of France Statement
Paris, April 10.
The Bank of France statement |
the week ended April 2,
D, reads as follows:
Franc
191,002,512.0503
41,597,625,423
1096,
WETY
O was up 0, Colgate Youngstown
five
and
Sheet and high-priced Superior Oil of Califonia $105, Bell and Howel) udded 17.
The Dow-Jones weekly averages showed industrials up 18.09 points on the week t + new all-time high of 624.00. I was the harpest weekly gain since the week ended Decem ber 7, 1958.
The previous all-time high in the Industrial averages was 0146, set on March 13.
Railroad Average
Du Pont reporting Its net up 70
rent from per
a year
age. Auto sales spurled and produc- tion schedules were Increased,
Steel production hit a new! peak The only cloud on the economic horizon WDS the failure of the steel- companies and United Sleeetworkers of The raliroad average TOSA America to reach any kind of 3.01 points to 108.92 -- the best common meeting ground for weekly gain since September, their upcoming negotiations. 10, 1950: the 63 stocks used in On Friday McGraw-Hill sold the three Averages closed ut capital expenditures this year 214.80-a new all-time top- would rise much more sharply ¦ gain of 3.63 points on the week. than anybody had suggested earlier this year. This the economy will get a fresh stimulus in the second half.
means
The daily average volume ex- ponded to 3,565,328 shares from 3,125,222 the week before, when the market declined.-U.P.I.
Industrials Favoured
On
Stock
London Exchange
London, April 19..
38.004.000.000 Stock markets have gone ahead well this week and at the close on Friday night the Financial Times Industrial ordinary share index stood
Feto
Total gold holdluxs Talul cüter currencter Sight balance la EPU Advanced to Stadi
sation Fund Total brilia disepunted 1,797,314,743.400 Banknotes in circula-
3,364,733,303,000
270,739,994,011
Current accounts
deposita
d
Exchange Rates
2.6 points higher on the week at 224.9.
Activity has been confined Transatlantic stocks have almost entirely to Industrials and reacted on a minor scale to there has been hardly any bust- Wall Street's growing strength A & Kate and damners pigallan sthesgut-edged this weeke÷buforike-most- Byrnem war done in the local market where prices have in part they have been mixed and unciat
thin exchange market
ecnsequence sogged. Prices of the the market in these Issuce has morning at the following rates:-
man government issues were all been quiet, US dollars (per 1) Sterling notes (per 21)
down from 1/6 up to 5/16. The
30.98
20.49
„Australian-notes (per_£})=3953.
Slam teals, (per 1001
rumit per 1851 Singapore (Strata)....
[CITY LIGHTS
"If these ofice blocks get mitch higher 100 grati NEVER get noma?"
Lendon Repress Zeredós,
.
gifteedzed inarket has not been: -- In the industriela scellon-it- very happy since the large over- has been a week of bids and 1.8l budgetary debelt csilmated rumours of bids and rome very for 1859-60 which the Chanceller muxed dompany news, Apart of the Exchequer
the worst
hit announced from textiles, when prezenting his 'budget last arction of industry by the re week; This has revived fears of cession has been "capital goodia inflation and the failure of the producers and some of their new London County Council company reports this past week £25,000,000 Joan to attract buy have shown much reduced pro- crs further depressed the car-❘ fits,
ket.
Stores suffered some sharp raverses after the budget since
Foreign Bonds this sort of stock hau been a
main
In o qulet foreles bond popular speculative counter and
the was market Girteks started
the Profit-taking
the declines." But week in a depressed
stale on reason for
once the now account opened the maturing of cali
optics they advanced well under the taken out during the January lead of Marks and Spencer. In boomlot but once this was ove motors Jaguare ordinary shares, they brightened up and ended which carry the voting rights, the week 14 up. Germen Relch have soared to new heights five Loans hardened but state and times above, the year's low.
without in- clly jesues were terest, Chinese and Hungarians were weak.
Weekly U.S. Cotton Goods Market
New York, Apělí 19. Apparel and place goods in ventários at the whole saler and entail levels are still low, traders Felt, and that the recent diatiibutor purchases had only partial- ly filled the pipelines. |
Block's company was, one of
week' to reveal saçord earnings Last year Sweden had to the for the first quarter. Inland port fuel oils to di Valur, of Sicel reported net income of At this point the wall thick- about, $105,000,000, Mr Pleje! $7,961,147, while mbas" and the crystal are în raya.
Jones and During the same period Laughlin, the fourth Inrgest 10sonance. Since the resonance it would have been possible to producer, batt earnings, of vartes with the wall's thicknows, heat an average quality of 8-0 $10,738,000
combated to it can be tied to give oh I Hirds per square metre pet hour $1,657,000 in the. Arst quarter. dication of the thickness. The in the country (about 2 gallons of 1932,
quarter: This strengthchod a belief jamalga vẫn made by Cleberat par 10 m, 11.1 17 2018 100
that further buying of any Monni {Tachnical · Genter, |"centigrades, by,itging the hêut „In their job't 'lette to the goods for the fun heif of the Warren, Michigan, USA.
radiated from the sun,
Unloh proposing an extensión or. year thây, be in the omng.
Corduroys
.:
Aircrafts have been dominat- ed by the slært ut déolines of the Hawker Siddeley 54 per cent conportible debenture.
More Activity
Thora has been more activity In the engineering, section fol» lowing the restoration of Invest-
moved in fair sald the carded counts con- | African types, along with A volume for the third period at diaïued on tlio fiam sido, but demand from the Continent and ment allowances in the buitget. advances of cont a yard. that the oombed division lecked Great Britain; Burlap trading There has been activity in elec- Drill constructions were taken proportionate strength. How ruled quid with prices steadytricals resulting from company
fitwa 'and reporta for future delivery by mánulge- every manuficturers generally to firm.
dils are sull out of favour furers of work clothing, laundry agreed that sales and produc
Boston reports said worsted despite good results from Bai- tion aro about in balance,
yarn, prices strengthened follow-ush Petroleum, and thus shos trades,
ing this, recent rise in the cont} In Industrial fabrics, broken
Aflerin unsettled period HARD FIBRES
of raw wool and wool futures, gold, shares brightened and the twills were poblend for, barly ......: Hard thems fatured stringih fenoAIVO'S " Activity," bewever...;} dominating' nows of the week: delivery by contics, Brokers in simki, where prices have been was moderate becauiao many, was the further highon roet expected continuing "autitity in moving up Without interruption, millis withdrew in the face of developinent values in 18 twills because of the stepped-upfer Alkmory d thenga momih, Heins priced to, taka", a "now Geduld and Wrestorm holdings: rate of mutabibile" productida Japanese, Interakze were reportat look at tile whole kitusilon ftübbers continued advancing.
Cotten 18" Yarn: spinnere perustent buyers' of British U.PL/
"
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