1959-06-22 — Page 9

સેવન થી વ

THE CHINA MAIL, MONDAY, JUNE

1959.

Weekly Survey Of The American Economy

Page

INTENEDOIN NEW BOOM IN THE MAKING

X-RAY PROTECTION

IN MIDWIFERY

BECAUSE of the fear that unborn children

may be harmed by X-rays, experiments are being carried out in Glasgow in the use of ultra- sonic apparatus-working on the principle of the Navy's ASDIC equipment— for the examination of expectant mothers.

Professor Ian Donald, Reglus Professor of Midwifery at Glas-

gow University, is developing

the system, and experiments are being curried out at the Physics Department of Western Regional Hospital Board

New Chair For

the Scottish Palio Victim

Dr A. K. Bowman, senlór ad- ministrative medical officer of "The system

¡A

NEW hydraulle wheel- cholt the Board, anys:

thot may bring has already produced name re- now Hope to polid victims sults.

as it has boon invented by b develops, may altogether re London garage propilatół. It more the necessity for X-rny will be available for export examinations in the case of in package form.

I have no doubt,

pregnant women."

on

Industrial Output & Personal Income Soar To

To New

New High

New York, June 21, There were more signs this past week that a new US. economic boom was in the making. Records fell by the way as U.S. business and lindustry pushed toward

HONGKONG

STOCK

EXCHANGE

Business done on the Hong- kong Stock Exchange; this

a predicted third quarter slackening of pace parti atollpted to loproj!- seasonal summer relaxation, part possible major labour mately $974,000; Noth quota- strife.

The nailon's industrial output and personal income sonred to new big's in May, according to

statistien government

made At the same public last week.

with

ploded

Forecasts

Construction

.:

udiis and the morning's itatis- actions:

HK

formiance to top the recont, new | April.

against 1,635,800 || DANICS this hoppets, poutide a year earlier, 11

INSURANCE records.

initeed, be the

The National Association Unlea 1055, would.

Lombard best your ever for business.

of Future Manu- DOCKS, ETC.

Whart foclarers sald lime the Walle House made t

shipments by Dock! furniture facturtes will climb to Provident. clenr its medaling in the steel

the recent a recurd $2,000,000,000 thle wear, LAND, ETC. What is more. contract negotiations might only

of US economy 12 per cent above last sear Dr Bowman said the evidence don, invented, Ute, wheel-chairment and labour agreed

Mr llebry Antlerson, of Lon-Invite a walkout. Steel manage performance

gave rise to frequent, expression and one per cent shove the Hot of danger to unborn children when his wife returned from this view as they

X-ray examinutions hospital

of hailish forecasts of continued previous high in 1938. through

last November, without much hope toward a expansion over the next few was not very strong but,

from the June, 20 strike deadline.

years into the early sixties. A general principle, while the risk paralysed by pollo

waist downwards.

With the third quarter al-good sample of this feeling was would stem to remain, it seem-

Her invalid's chair was un-ready written off us a period of the current

Heavy construction con- purchasing agente ed desirable to limit the num-suitable for their small three slower pots, most experts yet convention in New York where ber of such examinations no for roomed flat, and she had to be expected dat

tchels this past week per-only 11 per cent of those ask-topped the half million shark Humphreys fled to the table for meals,

ed thought the economy would for the second successive week. Resty

RUDSER When her husband

not grow. However, some

The awards of $348,100,000 in Amole those who "bought the butilon (contracts this post 'week lifted The Board had also been in-thought of, designing his own

view, qualihed it with several | the heavy construellen agúre so trust. erensingly anxious about possi-

"is"the most important ba far is year to almösí', $10 ble risks to which patients and

Ing whether a solution to the billion, or eight për cent above stuff generally-and particular-

wage-cost problem wil be the similar period last year. ly in were subjected In

found. This in the question | Hand in hand with this develop- radiology departments because of the random dissemination of

that plagues steel right now. ment output of com!ruction Tran

With a possible steel strike machinery picked up consider | Blar_Perry only 12 days away, & Wall |ably. In the second quarter Youmet! Street Journal survey of steel | following A hesitant Leers Inventories showed they Manufacturers éxpect 1959 to be were bigger than usual, but the second best year, un strörd still not as large nå most com- |panies would Ilke.

as possible.

ANXIOUS

rnya.

"What we didn't realise until

first

chair be

contacted a 'Londen company and was given a 'sup- ply at Dexton aluminium alloy slotted angle. Salts Jackull Limited gave Mr Anderson a hydraulic hand-operated Jack and t.C.1. supplied P.V.C. for upholstering the arms and seat.

the last few years is the fact ĮPROTOTYPE that, with the additional radla- tion caused by the explosion of Using the prototype chair, nuclear devices throughout the | Mrs Anderson was able to do world, every X-ray department everything from making beds. in the country, and in fact in | and cooking to ironing and loy- the world, is adding its owning the ire. The hydraulle quot a potentially "dangerous | jack was used to raise or lower radiation to the atmosphere." the seat to any position for A comprehensive Inquiry had reaching shelves normally out

quarter

LITTLE FREE

TRADE AREA

BY SPRING

SAYS WRITER

sume

Steel Buying

companies

Di

100 55, 900

1450 ) 72

Bad Start But Good Finish On Wall St

New York, Jung 21. The stock market last week had a bad Vastdet But rallied to finish on a higher note. Trading failed to match the previous week's pace.

The market declined on Monday and Tuesday. It did a sharp, about face on Wednesday and scored smaller gains in the Brad live steslocis. :

Some brokers halled the rally as an indication the market 120 031%

may have successfully met the no11001plest test of its reccat lows in 11.30 ho averages, They suggested It would move in a fairly narrow 27.10 range for a while as a bose was 27.10 established for the start of the 3335 aditonal summier rally.

27.10 21.30 1500 1000 331 0315

Business News

New Was this past week wird minolficial for personal, homes, idustrial production, gross national product and the cost-of-ilving. The House passed an administration backed bill to permit the Federal Debt to push to, a new high of $295 billion during the coming year.

t

Railroad carloadingsfilt new 10-month high, Constru tos activity, auto production and sales, and appliance voluthe ail, made good reading.

There were sonte big galtiéra In the list, particularly among stocks outside the group 'mebe to compile the averages.

Smith-Kline & French jump-

The business news was ex- cellent this past week for the 1,571 most part, although someed more than 13. Polaroid added better than eight, Lukens, Nor-

33.25

33.25

2,40

35.40 15.00

1.39 1.578 10000

245 2000

1000 k

3.10

2.45 2.45

analysts felt much of the good news may have been discounted, 1000 3.45 The market pretty much ikhorod strike threats in such key lines, te steel, aluhinformat copper. The bears of Wall Street res duced their short position at mid-June to the lowest lovel 800 cinco January 1036. This is an Indication the bears expect the market to rise:

Bhod 2.00 1123 '30s.

30413

UTILITIES

20.30 28.00

100

$7.00

... 27.00 21.00

27.30

27.70 27.30

18.30

20,00 26.80

500

3 34

with an estimated output of Macko t $2,200,000,000 for the year, up | Tel $300,000,000 from 1958,

INDUSTRIAL Air cargo business over Cement. If there is no steel strike-

the north Atlantic, foutes London, Juno 21. and there were still reports was headed for a record year been carried out in the Board's of reach, or for picking up ob- A tradty biting up the little that a major effort will be made with traffle to the first five region, where there were up-jects from the floor.

Free Trade Arco "signed on both sides to avoid one months 39 per cent above the The chair

will reduce corresponding period of last wards of 300 X-ray machines

con be turned'

and ratified by next their third and fourth quarter ut. Serboard and Western, which were discharging atomic easily on its own axis and the

spring" is the confident buying from mills, but others, 4 major, air cargo carrier, alone absence of n particles, day by day.

protruding foot rack means it; con bo ̈ taken

prediction today of the pushed by rising, production, registered a' gain of 01. per cent. close to euphoards or tables. London Sunday Observer's will be stepping up purchases,The boost is shared by all

ceulomile editor, Andrew the survey showed. Shonfeld.

"It can be sold with complete confidence now that the great majority of patients are not sub- jected to ang material risk," he Bald.

Production of n modified chair at a low price, with smal- ler scale Dexion unite, will be home for the

The Western Regional Hos- | starling shortly pilai Board, meeting in Glas- { market. gow, has tipproved proposals for reducing radiation hazards.

Humidity Resistant

Fibreboards

For export, the components will be supplied in packaged form for assembly by overseas

Kilburn, London, N.W. U.)

distributors (Dexion Lid,

Metal Mats For

A NEW process for reques Car Bogging

fibreboard produces

containors that will with-

stand high humidity of direct AN idea developed by

contact with water.

a

Choshiro firm will Tesis with fibreboard treated solve a problóni for drivers by the process showed that the in all parts of the world strength of containers made where bogging down" in with the material is increased by to per cent at a relative soft, sandy, wor or lay ut

faces is experienced. humidity of 90 per cent,

Thil operation of the process

produces mats depends on the treatment of the which aro constructed of a inter corrugated core of the Abreboard with a liquid high-panel of strong, galvanised ex- panded metal mesh and when pinced under the rear wheels of

polymer type of plastic.

In one experiment a container with a treated core resisted top to-bottom kund pressures of 205 the per llnual cross-secllon foot while an uütreated "ntainer falled at 134 lbs pressure.

Samples of treated corrugated strip which, hind been inpeeg nated with the polymer which were wooked in water for 24 heurs are sild to have shown 4 weight increase from water of only 31 per cent as against Increase of fab per cent in the case of untreated material. This process has been developed by Stanford Resarch Institule. Menlo Park, California,

New Technique For Forging Beryllium

The

firm

the Meanwhile, there were most recent "boom" indicators Ho forecast the first cut of 20 in the US. business picture: per cent 1 Britain's Import

output climbed Industrial effect in duties will go into

to a record-high. Federal June next year.

Shonfteld sees the successful Reserve Board statistics show- conclusion of the negotiations ed the nation's mine, mill ahd In Stockholm for the Little Free factory production in May rose Trade Area as a "considerable to 152 per cent of the 1947-49 diplomatic coup" for Britain. average. This compared with a "although the government de- revised April figure of 180; and murely denies 14"

with the pre-recession high of

Total Failure Shanfeld said: "After

de a deal with

140 reached in December 1556. The recession, low was 126

In

full 1938. Most gris fi-Mav the were

made the durable category.

CONES, ·ETC,

Wakon

id.to -14.10 14.40

Textile

Only two sectors of the with the boom last weer steet economy failed, to keep pace:

production and libusing-UPL

Lovest

13.00

COTTON

5.705.00

The New York Stock Exchange stuaned the financial world

37.80 with A adrvey showing that

there now are more than 12,- 400,000 stockholders in the 20.70 country, This figure felt even

the optimists gasping.

Oil Industry

concern.

Over

The oil industry is having ita, I Inventory problems again."and" investore

this development was miryored duny Ing the week in selling of oil stocks. However, sömu bit men fait the glot is only "tem porary."

Texaed, icted, á ábury, gulp on Friday after it announced plans to merge with Superior Oll of California,

FUTURES

HAVE QUIET WEEK

New York, June 21.

[CITY LIGHTS:|

HOW

MONLY

"May I take this

approval

Lendon Expreja Burvive..

en

Coning

Wich Pharmaneutical, Glass, and Texas Instruments more than seven gach, Johnson & Johnson more than 11, Merck more than six, Litton around even and American Machine & Toundry five..

Car Industry

Ford, Chrysler and American Motors were up around two or

in the motors. Du more each Pont was oft three In the chemicals, General Time more than seven and Abott Labora- tokles insió tháil Édlar,

The weekly, Dow Jones averages showed Industrials up 2.34 to 629.70; rails up 1.19 to 1E21; des om 0.78 to 50.78 66 stocks up 0.57 to 211.51. Volume this just week out, a

The cotton market was in the doldrums the first four sessions this pastily average inds declined to

week but showed a spark of life on Friday.

Inactivity

total failure of the attempt to the European

Personal income set Common Market at the end of last year, it looked as if Bri-

new record for the fifth. tain's initiative had been finally consecutive month to May. It exhausted. Few people would was $3 billion higher thanɔ`in then have predicted that a draft April and ran at an annual rate

At. Friday's close the fist ruled 18 points lower 10, 28] agreement on a new European of $378.200,000,000. The rate trading bloc, with Britain at the was seven per cent higher thaD

points higher, or off 15 cênté to head, would emerge slx anonths a year ago and was hailed as a later.

real gain for the individual be-up $1.40 a bale from the pre-

vious week's close. "There are, It is true, stul a cause of only negligible changes number of issues that remain in consumer prices. to be buttoned up.

The annual rate of individual The most difficult of them, Income for the feet sve months Dear this year was a How record

It was one of the quietbat which is the position of mark's The panels are

#gricultural exports $380.400,000,000-inore than lightly curved and tapered to within the new bloc, is being $20 billion over the January- weeks in a long time. The in- facilitate ease in placing them in deall with in London this May 1058 poce Most of the activity was pointed up at. Wed- opening on which week. They are fitted with posliion.

Moy gain has been in payrolls, day's

from the there were paly, bld and offe hooks to which cords

The Danes can hardly be reficeting recovery tached for easy recovery after expected to come into a scheme correlen, but also in business, trices posted it marked the

which alins at complete freq professional, interest

Ume, In the memory af and first The vehicle simply 'tows

The only veteran cotton traders that the Irade In Industrial · Foods over dividend, incomes. them along after, passing over them and they can be detached

the next dozen years, ending up slight din was registered in farm exchange, failed to have an when firm ground is reached

with no tarifs and no, Import Incomes.

actual sale on the opening call. restrictions, unlund they promised that their exports bi bacon and other foodstuffs will obtain some benefit from the new freedom too."

vehicle form a perfect grip ping surface.

ure.

ato at-

་

Grand Schomo

Bre

Indications

commission

Fall In Activity

In

London

· London, June 21.

Inindrances

salling On Fridays - the sun shines this was were- ftimutated by Liller.

2.025,060 vores tron, 5,093.622 shares the week before,UPI.

Bank Of France

Statement

Paris, Juha 21. The Bank of. France, atate- ment for the week ended June 11, ready as follows;

STATICS Total gold holdings 201.002.313.600 Tolal other currencies 11,003,571,200 Sight balance abroad MA IPUR ....... 244,318,000,000

**** zero Total bilia discounited 1,507,108,066.017 Banknotes-in circula Current counte, and

Gepostiz

..

5,318,363,499,250 2231.347.4080i

UST

Bank Of England

Statement

London, June 21.

was another quiet week in stock markets. The chief Advance to Stabilisa-

characteristle was the fall in activity in sharp con- trast to the peak levels reached only a fortnight ago. Much of this was due to the jover such special cates as Har-. brillen aner weather, the rods and take-over, tumar and . Most of the business this Best for several years, and the in these companies about which: A special application is the

past week consisted of routine fact ist 31, was Royal Ascot nows had just been publisheck use of the mats when parking

trade buying which was offset welk when Everybody who was the volume of buisition In on uncertain ground this cli-

New car los for tho minating starting difficulties.

house and anybody went to the races to breweries slacketed and prices first ten days of June Putho

irrtgutac the Queen and the horses, turned The mals were patented, after

rose to the highest point of any however, nearby July was exhaustive tests, fis debp sciow

alimir period in three year under pressure, ht long liquidartalfly, bot a frivolous Ex- teko-over bids. Might of the blus on Canadian-highways. 72,

But Shonfeld said he found The ruto industry cold 102,100 tranfl novince of his first. Bidaction to those feople who chips suffered from selling by The Bank of England stalo- it hard to believe that the new cars during us purta" notice day, line 2nd fast Plans are going ahend to manufacture unter Heeree in be wrecked over British imports avledge of 20,233 units. It was a trade

whole of this grand scheme Wil June 1 through June 10, a daily 10 polite, diu ist bession are West on the London Stock Ex-American investors clocher ment for the week ended June

chango Dem krewny de M

Die appearance was very mixed) | 17, reads as follows; Canada and the United States, 1 of a few extra thousand tons of

and commission the best retsed for the first lex house buying and short cover INTERESTING The mats are available for both pigirent."

“Gold slates were all down on protes ką „olioumizom daye ef: June, since the booming Ufting, illa distant months; der single ond, twin-wheeled vo

the week. The news of, Thuri-'} Publão-suporte ... the Shondeld said, that single

One of the most interesting day's riots in Duldn

causis Opposita hicles of up to ten tons [Berrio 20 per cent tariff reduction year of 1955. Indications were as much as 16 paints,

Jestures was the encouraging heavy price falls on Friday, other corties ford and Booth, Ltd., Broad which the "outer seven wine list-yat sales wollt feinl

2,900,000.

The weekly weultier röport sisä

there was litle | WOWBL Stockport.1 stone Hall Road South, Reddish;

tread Alown in. lie adlf-edged | morning" but intik as a first step will bring

Les favourable, than éxpected tile Little Free Trade Area Into

Appliance Industry sales bus bad illo effect, ba the market, which has shown a selling of albeis and prices befo ile" with the six European desitis of refrigerators, market. Unfavourable Wallies quiet rally this week The Ime come artier by the end of the Colón Maricot countries.

provenerit was malady in the" | dëy. electric tanged, and wasting was reported in the central medium and long-dated stocks they continuo marching meeliines for the first five fionth and eastern belts, Texas and for which were steadily being taken In paralel like this, each work 1080 thi 10.6 per cent allbad west reported favourable proof the ing in the same set of rules ib-ot a year ago. The kidustry | gresia, side its own trading partnership, predicled bob would boy, a NEW : pump, called the di aluminium alloys ch Hydrado, has been developed it will be mucha casing a somo ricorn star for major, appliaher Because, beryllium is as light by Belfish company. The future singe to bring the two manufacturers with total, Kalos di magnesium alloys, yet has flydrzejs in mid to be a com groups together," he said. Eslinialed it over, die, previous about

one and che-half times the pleis, departing from the tradi-

This was. Now" - Germany's -highs 82 18 billion fa, 1956, 4ERE steel; fional of, " reciprocat- Minister Frank Chel Posteuses high suas capacity and bra pump entre os ydraulic mothers London life duties pensers to difier distinctive properties, it 11 power is tied to reciprocats the week and the fact that he was. 30-88,807,098,900 400 kilowath considered of great potential ime plunger, instead of the conven- prepateir, to approve it un- hodek or electricity in April

for aircredi and mis- local éyafein of seats, cranka jettisočally, as a means of record of ther month, ands as Dangi thafla and counseling tochs, inbloving wider eculorile net eine above 40611 +1988; They redhills, it is one of the few Motive power is supplied by a union in Europe produced consumed 12.650,247 0 tons of Jecials for which the United | 1960 rom, oltatrie motor. song almost udible sighs of coal in that month 11.7 per cent Alités Government offers prd. TAN MAKSER, Jay, however, tlet," Shohribu kudis, Up And APH, 1958 and rit prices in order to enetrare that it ling grossizes and quiHli-. • "A diáktroVlag hoias frool - 7:180,542 Barrel of fuel pil

The tea in mind os 10 la 1,000 paternans would probably have 43.1 per obal from year, teirflade láz Beth developed bør säkärryhen and outputs un bin enough, sẽ haki Dümumilk, dAHINEARIE EMIL

100 to 8,000 hilopa per hordes shank loop out for the battle Ford Altan Mehuteturkar Tampre La Spethwice, Trude? Are straightaway lohipped 184 BCU, BORAKI

UPL

of complető elvilian afrisenft;

FORGING technique for Bryllum overcomes the moral's brittleness and permiltä productión öf fyrġe structural shapes that ro- Reciprocating Pump quire ominimum öf mathining and are os ductifo

A

Consumptión

The New York Cotton

change linated Contemptian

therencial Agreed Merchant

Rates

Alubuh, all the focus wire market. There was not regained, little fisness done I shore- Tin Index for gold shares Usted alderan

dropped: 0.0 dti - the wee

odred by. Ho

*The market in industrini Walter isited the wpez-DUT mill;. a62ped the root

for the first 4 weeks this bea- morbantuk⠀ of "Monday

on at 2,177,000 kaler.com-wan Suplekitto

red with 6769,000 balen lurt Mesday, which was

ar

mulle

running

GIL SHARES

OBE WEN NÅvery quiet and Idló f98fkV, with přiona: tendir

Mine from Faria Bhd

A coured a dryp: In

Dollar stocks weco-inized on

Bwiss France Maximum Sell- ing 24-9/10. Malayan Dollars mitten Belling, da%; Mini-

hange Rates