ENGINEERING Industrial Prospects Good
New Porous
Porous Plastic Material
Has Many Uses
NEW porous plastle material with many possible uses is being manufactured by an Essex firm. Produced from high density polyethylene, the new material has already found applications in air and liquid flitration, air fluidised powder conveying, and as aeration pads and clectrolytic diaphragms.
Although It is tough and nexible, it is also light and
easily fabricated. It is machine-Valuable New Uses
able, and can be, welded and
drilled.
A permeable material of For Knitted Mesh
medlum pore size, ils permo-
ability is uniform and can be
controlled in manufacture.
ADVANTAGES
K
chiefly
The advantages in using the until recently material for altering are that it is light and strong and therefore easy to transport and manipu- Inte; it is easily engineered and itted into plant and equipment,
"NITTED meth mado from matal wire has been used for such simple domestic purpotos as pot scouring. A British firm has now developed wire mesh
It is also inexpensive, and has for a number of Industrial
realstance to a wide chemical
purposes and in varying range of aqueuus põlutions.
tho product is boing When used in liquid Altration, forms the material has the advantage used in jet aircraft, nuclear of complete freedom from do- and electronic enginearing tachable Ables, and is smooth and surgical work. surfaces facilitate mechanicnt cleaning. In many Altention sp- plications it can be used unsup- ported.
Speculation On Whether A Boom Is In The Making
· New York, June 14.
Dun & Bradstreet, which keeps its fingers on the pulse of business in the United States, has a glowing report on industrial prospects for the year.
I
n-article entitled "First-hints and
HONGKONG
STOCK EXCHANGE
“Our Own Comexpindgat
fis dindings are contained in mally the lag between ordering Behind the figures Les à
-execution
shorter algnificant fact: A largó pro- Business done on the Hong- Exchange this of a new boom?" in the current during an upswing than during portion of the capital outlays kong Block issue of "Dun's Review and decline, the Increased spend are expected to be for modermatolog: amounted to approxi- Modern Industry." The articlo ing on Industriai building willnisation rather than plant ex-mately $195,000. Noon quota
Sules
gives no conclusion on thonot make itself felt to any pansion. It is generally bo- tions and the morning's trans- queallon of whether the United great extent before the Arst | lieved that the purchase of now | aetioris; States is actually heading for months of 1960..
machinery, especially of the
Sharks Ekipadu Kažiera a boom or not, but it notes
labour-saving variety, ls, bound that businessmen are closely
Meantime, commercial bulld- to run into delivery delays. DANES watching the rate of expansioning and publie construction are Unfilled orders in the durable and speculating whelter a boom expected to keep over-all.con- | goods industries have recently is in the making.
struction totals at a record high | started to plie up once more. for the remainder of 1980.
Here is Din & Bratia recl'a outlook for the remainder of
1959: "After a temporary, but somewhat more than seasonal wetback in the third quarter, the last three the economy in months will movo to new high ground."
Slow Decline
Slow Down
IX Bank .. BCH BC25 INSURANCES Union Businessmen actually spent Lombard... 30 at a seasonally-adjusted annual rate of 830,620,000,000 in the
SHIPPING
first quarter this year, accord- | Wheelocks
51% 8.00
።
Dun & Bradstreet belleves Ing to the now survey. The
the growing cost of survey estimates capital spend- DOCKS, ETC. that mortgage money will soon slowing in the second quarter at an x. Whart down the rate of home. con-annual rate of $32,290,000,000, Pack ..........
Talkoo alruction. Other building costs and $33,900,000 in the third
No quarter.
estimato are also expected to move up.
WLAND, ETC. made for the fourth quarter Hotel 20.00 30.03 Hero
further and the total for the year givos Dro Some
IK Land business an annual adjusted rate of
about $34 billion in the final Humphreya three months of 1959.
Really
33 531
14.20
1,55 1.00 1000 100
Ameix. Trut
2.30 1.40
2.30 2.40
UTILITIES
Trum
Yaumall....
A riso in employment and a Andings ot their slow decline in unemployment survey: tu around the pro-recession Export contracts have been
average of four per cent is Sicel production for the first made for the supply of knitted
foreseen. The number of em-half of this year is likely to top Two other government re- RUBBER mesh appliances to the Swedish ployed will be at a record that for any comparable period. | ports were issued, one on en- When used for hr Buldised Alamle Energy Authority, to
level A government report on
ployment, and one on retail powder conveying. 11 is hygienic on oll refinery in Holland, a
With sales of new passenger | sales in May. Both reports and has exceptional uniformity sugar refinery in Mauritius employment issued this past,
week puts the number of em- cars running at the highest were optimistic--UPI. of air distribution, which it is and a hydro-electric project in
ployed in May
record levels since 1955, automobile at a essential factor for efficient con- Norway.
high for that particular month, producers expect sales this year veying. As it is non-absorbent
to be even a bit higher than The mesh, for which дну and Immune from Infestation. it
High employment is seen the 6.6 million predicted. is of particular value to the food material avaliable in Industry for this type of powder form may be used to be knitted leading to record levels of
Truck output for all of 1959 Inter-personat income, which means naturally into
at 1.1 milijoa conveying.
consumers will spend, and save, la estimalet loops, has a resilienco water-repellant, and is therefore locking
units, up about 20 per cent an excellent material for us as which gives it immense
from last year, but still below nn aeration pad as is non satility,
Higher sales and continued the 1.4 million until record of absorbency makes it difficult to
cost cutting will mean wider | 1951. clog,
corporate prost margins.
As an electrolytic diaphragm the material's mechanical strength is of great importance, and is flexibllliy makes it easy to bolt or slide into tanks. As it is not figlie, it need be handled or transported with
uses
onymmetrical,
tilament
ver-
Some problems recently solved by this material are in jet aircraft turbine blades in- side the jet engine have been known to fall and pierce the outside cover
ulls. To surmount the dangor the firm produced a stainless steel knitted wire blanket of great strength and lightness (eight pounds) designed to fit round
and similar in ap the cone
with serious re-
|
moro.
And wider proût margins will In turn mean businessmen will revise upward their plans for another government report this capital spending, as, indeed, past week indicates they have
already done.
tion
Now Contracts
ever
rism
Bank Of England Statement
London, June 14. The Bank of England staie- ment for the week ended June 10, roads as follows
2.000,923 240
C. Light Electric
.28 26.20
105 100
1715 ST.00
2720 11.40
Devaluation Of The Dollar Inevitable: Pick
Now York, Júnó 14, Devaluation of the dollar through a hike in the price of gold is inevitable- the only question is timing, Inter- national Currency Authority Franz Pick said today.
In a seminar for business Pick said he understands the executives Plek Bild $70 on Federal Reserve Board already ounce for gold would be ade has sent a memd to foreign quato to give the dollar another governments telling them con- monetary united conversion of their dollar 10 to 20 years of
Besota to stability.
certain
The Choice
The price of gold has been at
gold might involve commercial sanctions goinst thein by the United Sinter:
However, a Federal Reserve. Board spokesman called
ruznour nonsense. "This first, heard in the middle May." The choice, is either devalua- | United Press International, "and ten or deflation. Pick fold about. I thought it was knocked down 23 assembled businessmen at the then "UPI, seminar.
$35 an ounce since the devalua tion by the US. January
1934.
declines
31,
The latter, he said, causes which ctcate price trends of thought "which make re-elections, dificult--get people out of offic-and bring about economie difficulties. Washington always has preferred full pay of shrinking 40021.50 envelopes intend
24.40 wages, or salaries,"
Telephone 26.40 201 1000
INDUSTRIALS
Cement ....
典
Pict, said the dollar now is worth only 48 echts in terms of Ins Its 1040 purchasing power.
2315 1500 Hatton has brought about can STORES, ETC.
·Daisy....... 10
Watson .... 13.80 14.30 L. Craw
17.00 Kwear S, ii. 144
COTTON'S Textile Sterling Nanyang Xb
4.925
B.20
10,760.00 MISCELLANEOUS 204,254,308 Vibro -
13.
272.310,000
5.1
15 A04,730)
UPL
In t
ik, & TE.
Invest.
... 12.00
54,300.043 INVESTMENTS
8.50
ditions here, he added, which have caused a sharp decline in gold clocks through sales to foreign governments.
Prico Cut
Because the U.S. will con tinue to price itself out of world markets, he asserted, hold stocks will decline iba point, at which Washington will decreo an em- bargo to be followed by de- valuation.
COTTON MARKET
RATHER
Total dollar volume of con- sumer spending should about five per cent higher than 1858, with gains in durables sales of durables will reinforce a depos austripping soft goods. Higher Noles a circulation the present trend toward - Government securities
Perivale depot ENER
speelal care.
creased use of consumer credit. Diber securities
Recepta IN SURGERY »
The speed-up in capital
Ratio Seasonally spending is expected actually, to extended
adjusted, newly have been Important
instalment credit found for the plastic in surgery pearance and use to the chain i klart before the turn of the averaged $3.8 billion u montl
fall #ms for paralysed moll worn by mediaeval year because of the Introduc-
In the first four months of this patients, and orthopaedic splints. soldiers. This sorves as a blade
at the completely new While providing a arm, yet retainer, prevents nccidents and series of American "economy" least as high in May, to judge
year
was at and apparently ficxible support for the limb, 1] is now being fiited to many jol ears, by the three Jarges!
ulrcraft. allows air to reach the skin.
from the pattern of consumer automobile companies. For the Arst time, say the
loans made by banks. This is manufacturers, &ractively METAL FATIGUE
the highest level of monthly coloured
extensions
experienced porous plastic flower pols have been made as well as
and is clearly: Indicativo of ira- ink pads which ensure an even
proving attitudes on the part distribution of ink and are more
of consumers. durable and cleaner in use thon the conventional type of pad.
The plastic is available in stock sheets up to 32 ins x 32 ins and trem 0.03 ins to 0.2 Ins in thickness, and because of the
ss a soal in the mechanism of case with which it can be formed and welded these sheets can be many reverse thrust- Jet engines. used to fabricate piant items of
In electronics the problem a wide variety of shapes,.
- was to prevent vibratlón, and cluding tubes from 9% in dia- dissipate heat from valve meter.
used in
electronic device The permobility
of the fitted in a rocket. An ultra fine material is varied in, manufag-
volvo Jacket sumciently ture to suit the particular up- alllent for various valve plication.. The maximum per- were produced. The heat was icability obtainable is of the transferred through the closed order of 50 e.f.m./sq. ft. of air contact of the
loop linked nt 0.25 p... for a sheet of 1% instructure which in turn
Detect thickness. (Pritchett Gold as small springs and shock ab and EP.5. Co, Ltd. Dagenite corbers. Werks, Dagenham Dock, Essex.)
Experimental
Rolling Pathway
A seal was required for a jot engine which would withstand high temperature, be resilient and not be affected by metal fatigue. A stainless steel cure WGS developed and covered This with an asbestos coating.
temperature seal proved high
Atted its effetency and is now
A
Ir-
aizes
in surgery an instrument was needed in an operation for the
removal of a tumour to ensure the retention of unwanted raat- ter. A plece of fine stainless steel knitted mesh was welded to the rim of a silver spoon forming a flexible net easy to into the cavity thus ongbling a successful operation. Lid, 30 Victoria,
ROLLING pathway for insert experiments into con- (Knitmesh
balt
transport of Street, London, S.W. 1.)
• people and luggage has been
veyor
Installed at the. Sårdviken
Stool Worki Sweden, Sun Bottle Will piangers-in-the-manufac
fure of steal conveyor belt: Revolutionise Radio Ing with or without rubber
couting:
With the growing traffe prob-
Pasadena, June 14,
lems conveyor belt plants gre DROFESSOR. Lester Field considered ilkely to be adopted of the California Insti- on an over therenatrig scale also rute of Technology said, to- for transport of pedestrian.
These cars will be built to accommodate six passengers and
their engines designed for the this past week issued statistical Various government agencies high-speed superhighway travel which accounts for a large pro-reports on three phases of the portion of inter-city transporta- economy, tion In the United States,
The differete
In
Modernisation
roach
DULL
New York, June 14.
The cotton market, was rather dull this past week with prices fluctuating narrowly on either side of last week's close before finishing general ly lower.
in behaviour
At Friday's close the list ruled new orders of the figures for
two points higher to 18 points of machinery and for new con- tracts for Industrial
of an earlier lower, or 10 cents a bale higher a revision construc- tion is interesting to
observo. estimate, the Commerce Depart-to 90 cents lower.
ment and tho Securities & New machinery orders, on the
routing Trading was mostly Exchange Commission reported as traders awaited Washington whole, maintained a much more constant level during the reces that actual capital spending this action on crop loans and sute slon than industrial construc- year on now plant and equip-
pluser. tion contracts,
expected to which touched ment s bottom in October, 1938, with $32,505,000,000. This is an in- on index reading of G1 (1930 grease of $173,000,000 over the Molal foreseen by the saine equal 100), and in Aprit of this year was back to 127. This is agencies last March. alill fat below its heights during the
1050 Investment bo $2 billion
The new total figure would boom. It reached 300 in April similar all-time high posted in higher than that year, averaged 228 for the year. In 1957 Its average was down to 137, in 1958 to 82.
new
1937.
SELLING
LONDON MARKET
BECOMES
CONFIDENT
LESS
the
spokesman
this.
was
of
told
Hopes To Buy
Entire Australian Wool Clip
Perth, June 14.
An Australian business- man and, grazier, Mr Judah Green, who re- turned from London
said yesterday,
he hoped to buy the en- tiré Australian annual wool clip of 5,000,000 bales.
Mr Green, of Sydney, said he has the Anancial backing of a multi-million pound syndicate of British businessmen, who are negotiating to form a worldwide commodity, bank.
He said he offered a contract to the Federal Government last to buy every bale of month wool grown as from next season,
AUCTION SYSTEM
"The auction system has had It. It is obsolete," he said."
"The Government has not yat given me an answer, but has referred the offer to the De- partment of Primary Produce," he said.
ན་་
Mr Green sald negotiations were being held to launch a commodity bank to finance big buying ventures such as the wool purchase.
and
It authors had endorsed his schema
promised ́an' inftiat · Josh of A£699.
million to start an Australian branch...
I was proposed to finance the bank through loans from
merchants' subscriptions.
"They have the money -- commcility. We have
got the commodity - wool,” he
d
REVERSION
The Government has been
Some selling came into The
London, June 14. market in Wednesday, after the House ipproval of the tobsero will limiting loans to $80,000 per Stock markets this past week were quieter and farmer. The trade took this as
less confident after the jolt they received at the cue that the limitation would
the end of last week: and the beginning of also be applied to cotton. This The report noted that except reasoning brought long liquida- this. The shakeout was not surprising con- At the present time, a chart for public utilities and nonton into the distant 'October shows bolh
orders for durable goods manufacturers, delivery through Friday.
sidering the rapid rise in the industrial index machinery and now contracts ail major industry groups have for Industrial construction on a raised their
· from 212.8 on Jundary 30-to a peak of 240.7 but no Semo salling kisa was attrl- 1068 progtantines
on June 2, sharp upswing. Although there from those anticipated earlier buted to the belief that the farm is season to believe that nor-this year,"
crizis will respect to surplusės, may lead to a freer market nexi
As wat to be expected the breweries 'continued to be Arm. year.
main falls were avond grade Elsewhere the general appear- Soveral key farm leaders in shares, particularly in the pro-ance this week has been mixed. Congres are irring the Demoperty market which had figured Leading blue chips have con- offered a contract which would cratie: leadership to draft an targe in the seculative 200,tinued pretty steady although mean a raversion to the war- omnibus farm bill this session. Throughout it all the undertone unloading by Americans and time sersent of wool Apprates
continental, Investors early in ment, he added. They believe that the Democrats of the markets remained firm, the week caused prices to fallegt îné svörsän prise' offered Wwe, "far" in excom""; of the cannot afford to go home witli-Although there..... was:a. rally
This was reversed on Wednes- aul offering a package plan mid-week, the markets con
entrent gesson's 'exiliated average price för śroszy wnak- almed at trying to get at the tinued uncertain and indecisive day and Thursday and, the week closed with the market looking root of the farm problem.
ond the rally was not fully irregular from wockend profit-
at 484 Australian per, ib. Thursday... and
taking and reaction to Wall
Mr Green sold part of Vie weakness. Property, contract required all wool to be rent. " stores, paper and motor shares processed, at least as far as have been dull spots. Sicels and yarn, in Australia, China Mall engineeringi have tons through Special the week well.
BIG LOSSES
GAINS ON WALL STREET
AND
New York, June 14. Stocks lost 22 cents a share during the past week after auffering their widest decline since May 7 on Monday and registering their best gain since November 27, 1937 da Wednesday.
Such plants should be able to day that the perfecting of a gave passengers and their tube about the size of a Juggage to and from trains, paanut culled the sun bottle boats and aircraft and to and would soon revolutionise the from parking areas ele, without alsturbing surface-bound cornelence of india contmünica- munications.
tions and opet view possibili- Sandviken, which specialisostles in the study of nuclear In making the balling proper, fivaltin, envisages the possibilty, "of making rolling pathways of up to one mile's length.
One of the largest conveyor Is pent througia-it, it produces a enbor . The week's total of
-according to a method dove- to that surrounding tha mun. 2 "Japed "by the Trelleborgs Gume
Trading atonally declined unitirali ilities closed
gas. When an electric current mallen to a new low since Sep-1.21.
The weekly weather report maiotalrici ön was somewhat better than ex- Friday Apart from the lower patted. While the rains hampering influence of Wall Street it In appodry that investors are now ed planting and cultivation some parts, progress of the crop as cria of the continuat up was mostly satisfactory.
ward trend, in prices and with considerably fewor company
`OIL SHARES' report this past. Work to d
Oll shares have been slightly Bank Of France courage them they continued to towar in sympathy with Well hold off.
Street. But the matkat, haju. K ME! whole has remained by rafely
Statement ** LITTLE BENEFIT
Gold mining, shares havä
INCREASE
A leading spot drm said pró- at 68.56 sent acreage ideas point t6 an
30 to 60 per cent ever that plant. Uttle bonellt: dom las reaction
Paris Jina 14.
The Bank of France statement
The tube contains a mercury | ón, Friday the volume had [of 0.07 and. 05 stocks 211.04 offiserenso-fil the aftern bbit of 2The gilt-edgóð innrket, reaped steady in a falbor "qulet vous. beli planis with rubber coating | substance: br "plaaron" simildr 10,409,109 - shares, a dalty, kýór- } average wak down (10.37 points | 10 2D bee vent rise le looked for / Toved" although, lai proderit, eans though Jack qf'bulinora, but the. i the Wualit, elded June 6, rèndu
At Fridays close the Industrialed last year, An increase of 2011 equities and prices hardly tended to ease during the week Dr Field and his assistant Dr 100,125, shares was of 25 per cent from than in die lat, workers attditions the market extremely undertone Has hoon. Ilir Base
Meonxlive. In the foreign bond metele "have been metly dull, as follows: infabrik for which Bandviken Roy Gould said, the solar bottle thick for a daily average of 2 points or 3.9 or cent from The Departint of Agriculture ficat dzban banda revived paper that plea more interest ok has delivered material, is a 600, could i be sited" - to sond out | 2012/10) mares pronksmedan indir high wiki hasa mado rak; disappearance imetro triple boli (each with a frikkeuswwvis which can be piletes AThe 265 rendt of 146 week's bity: 32. Üüller aboved ja tome during the current. width of 700 mm) Installation od up from a distance of severat gyrusiais, sal moured argue or lie ogast 45 end par cut mallukuda
the Swedish: Malmberget |inties, Anakkult, Uber, ankh, 19 ZVODNESE - REMIAMI zato nalam ko BTYKATA DA MARK R. JEDANIA DOKO mines trodsporting 100 tona of would be possible to send out runt. P
above: „Jastanyooka 14,700,757 set on May 29. Stale wetü, all phapma
qre per hour ugainst an incline and recalves, messages without, which finliked.
of 10.0 degrees.
ony
of potion Thursday as the cult of heavy in Edainonds and the market Her fat
Agora da, obistingitak: buying., Niseshere been' firm,
bales in ithis: market, lupastoghet: Third has foren utile interest. 200,000. ZYBKS-Aulentic Loghocke vivere fadrubber, Takes A arteriak Susunkion | irrAZIJA, ARIE 2001 tra under: ba: 4all and gula-YONE LIKE the wark at per cent was made for a high tolm lod 2,000,000 bale udex induenew jet RlUSERS skiter tendency TENTADAS,
ports 1,700,000/==LIPI; 72
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