Page
Revolutionary Method For Blasting Earth-Covered Rock
A
NEW and revolutionary, excavation and blast- ing method-the outcome of 10 years of ex- perimental work and the collaboration of four Swedish industries-is at present being used for the excavation of the new outlet from the harbour of Norrkoping, on the Central Swedish East Coast.
Fenturing several interesting
Innovations, It enables blasting
into the bedrock to be per- New Lightweight
formed without previous. Ex- cavation of covering layers of moralne, clay and earth.
What
is elnimed to be the world's largest delayed-interval blast-
Television Camera
THE CHINA MAIL, MONDAY, JUNE 29, 1959.
Weekly Report On The American Economy 1959-A BOOM YEAR?
Official Indicators Show
Uninterrupted Boosts
New York, June 28.
U. S. business continued to talk of a boom year this past week, undeterred by the unsolved riddle of steel labour strife and the fact that the economy stood on the threshold of the customary summer let-down.
uninterrupted boosts. But some ing its position was unique in billion. They accounted for A
A
sources said,
and
HONGKONG STOCK
EXCHANGE
1.
Our U-n Can agunda est
Business done on the Holz-
Exchange kong, Block
This
Shares Advance
During Week On Wall Street
New York, June 28,
morning amounted to approxi-Stocks advanced during the past week in what mately $400,000.
Noory quota- tions and the morning's tran- sactions:
Buyers Sellers
Bales
0.03
a 1003
45
11.00 12
33 22
1000 LA
830
130 32
Shares All official Indicators con- Over-supply was the thing that | months of 1950. They shot up 16)
$4.6 BANKS tinued to speak in terms of the oil industry was still fäht- per cent over last year's
49 HK Bank .. 40715 903 30 J when emaldering the number
NEW broadcast tele-
privately compiled indices which the sense that it was almost the por cont of all construction EAS A 302 of holes drilled-was. recently
viston camera was on because of their unofficial only noctor of the economy. awards that were let, compared¦ INSURANCES detonated at this site by means display recently when the naturo-are more Up to date apart possibly from shipping, with 40 per cent in 1958 and 47 Union ......
Lombard... 3412 of the new method.
showed that suit carinot shake off the per cent in 1957. The system, which has been publishers of an interna-than the official ones,
This generated hope that | SHIPPING named the Linda method efter tional film and television the first signs of the predicted curse of the recession. But the
Wheelocks that is directory held a reception at
summer senson slackening. the name of the canal
nature of its problems, just like the pace continues, private con- This still fell within the those plaguing non-ferrous struction may overtake public at present heing excavated, 15 Woburn Abbey on the extato besed on the Attos Copro com-
framework of normality, U. S. metals, is more worldwide and consiruction and regain the lead DOCKS, ETC. business
K. Wharf.. pressed-air method with series or of the Duke of Bedford.
They therefore not purely typical of it lost three years ago
Deck detonations, but differs from the television studio was erected claimed whatever the third the current U. S. economie pic possibly. set the stage for a new
Provident will be tura.
boom in the construction JI TAIKOS...*** normal sysjen in that the rock- and furnished with a selec. quarter losses, they
more than steel proper is surrounded by a
made up in the BUL, U. S. reßners last week dustry. tion of modern equipment.
LAND, ETC. steel tube equipped with a
fourth with the total result for cut production by 20,000 barrels
Nows of the first slackening Hole) 21.70 a 1959 boom. circular crown it, used to pre-
33 3346 The only thing dally. American Petroleum In-
in the pace of U. 3. economy HK Land.. that might upset these expecta- stitute figures showed crude oil the expected summer slow down Feally
13.00 18.20 |Humfibrevs vent hose matter from caving
tions, they admitted, would be currently refined in the U. S.,is-came from privately compiled
1375 1.00 in when the bit is being re-
half a million barrels daily over a protracted steel strike. moved.
Indices, Buch as that of the RUBBER A year ago figures, resulting in New York Herald Tribune. petrol stocks last week being more than
12,500,000 barrels showed-after 20 weeks of un-
Interrupted upswing-the At mid-week, only a few days above a year ago.
slight drop of 0.1 per cent which Trust the expiration of the
These developments came before
the wake
was accounted for mostly by a of apparently decline labour contract affecting
in Anancial activity, mature oil industry
Sungaia prediction
Buch as stock sales and bank thut farger Gummer demand
clearings, and in marketing and UTILITIES the in- would help alleviate
particularly distribution, dustry's plight.
Joudings.-UPL
DISCONNECTED
The steel,
which
fr
protrudes about an inch from the tube. works in conjunction with the latter, and when both have got
rm grip (about 4 m.) the rock bottom, the tube Is dis- from The drilling connected movement, white the inner bli continues boring into the ruck to the desired depth. When the bit is withdrawn the tube con- stitutes the connection between the surface and the rock.
The use
construction,
Considerable attention was paid to the new camera which provides a high-quality picture but is cheaper, more econunicat running costs, lighter in weight and casler to handio thin
television! the average салуста.
BAL
The camera with salf-contain- control unit weighs only 60
ibs as compared with the 250 lbs or so of the average studio enmera with its associated con- trol wit. By extensive use of printed circuits an overali size of only 14 ins bigh x 15 ins long x 10% ins wide has been achieved.
The entire camera channel consists of only two units, the camera proper and the power supply/termination unit. The camera is completely self-con- lained and incorporates all the operating controls in addition and picture display to 7 in 24 in waveform display. | SMALL DIAMETER
Ja
Expiration
Fome
12 major producers, there was growing likelihood that contract
will continue ba nogotiations yond the July 1 strike dale, possibly through mid-July, with production continuing O status quo basis.
D
The Highest
in
1
Bank Of France
Statement
It
Amalg
Arst
1000 < 47.62
203 4 331 5437 10 8000 or 1.85 15000 159
** 21 2.325 0030 2.474
4000 R 3,415 10000233-
3.19
3.30
2.43
5050
var
Star Ferry
Yaumati
118 11: 100
C. Light...
Flectric
17.7990
Marzo E. 1040
10000 1
2030 e 3.075
#93 3.10
5000 2.20
2306 117 & 101
*:00 03
450 17 17.65
Telephone. 2019 20.70 100 20.00
500 20:
INDUSTRIALS Coment... 345 3452
STORES, XTC.
Watson...19.252.80
-many Wall Street experts described as the
beginning of the traditional summer rally.
U.S. GOLD
STOCKS FALL
TO LOW
Industrial shores closed the week at level only seven- Igniths of one per cent under their record high setan May 20 Rt 043.79. Bells were 1.5 per cent below their 1950 hight zet en May 29 at 109.07.
Volume was appointing at 14,772,430 shares for the week, a daily averago of 2,954,480 shares,
This was slightly larger than the previous week's 13,125,902 shares or a daily average
of 2,025,080
shares.
Eten
39 dis-
Oil And Rails
Washington, June 28. United States gold stocks in the week ended Wednes- day fell below $20 billion for the first time in near-red during the week. One was Two moves of interest occur- ly two decades, Federala riso in the hitherto backward Rezerva Systom figures | cits in the Thursday session. showed,
The other was bit of strength in rails. The latter followed a
On
on
The major factor in the de- Senate move, later rescinded, to eline was the payment by the lap off the 10 per cent tax U.S. to fulfilled its increased gold | passenger farett The elimina-
Lion of the CAL subscription to the International
Friday Monetary Fund.
brought a small decline into the carrier shares. Car loadings rose to a 20-month high and rail earnings for May, were up sharply.
the
of
the
US gold holdirige, fell by $364 million during the week to
totel Wednesday
Of the decline $19,771,000,000. $343,700,000 represented pay- ment to the snoñelary tund
Slocks on Wednesday were the
alnce lowest Dairy 10.19 19.30 1200 10. $19,769,000,000 on June 19, 1940. In 1940 US, gold stocks were being built up from the de- pression lows so allied govern- ments dipped into their, reserves to finance war operations,
The current gold hoard-still one-half the world's supply-is $703 million under the start of the year. The decline since the beginning of 1958 has been Ittle over $3 billion.-UPI.
1 Craw, 10.50 18.65
141 Kang S. H. tranc 201.002.313.800
COTTONS 11.149,450.127 Textile .... 160,103,000,000 NAAYE...
5.85 4.03 C09 5.53
10000 # 5.93 931
Copper was in a similar posi- Although this was a nukeshift
neliher side thon. Prices tumbled further all arrangement and had its heart in it, steel produc- around the world this past tion last week actually rose by week, leaving the U. S. price of
Paris, June 28. 10,000 tons to 2,620,000 tons and 314 cents a pound the highest production for this past week on the world market. Over- The Bank of France statement the Inst before
ended June 18, A strike-was supply again was behind This for the week scheduled
at 92.8 per cent of latest depression of the price reads as follows:
the "fact that capacity, or 2,627,000 tons. This structure. and
holdings Total gold despite the fact that wildcat U. S. copper miners decided to Total other currencies walkouts were already plaguing stay on their jobs after the ex-sight balance abroad the industry.
piration of their labour contracts in EPU
Advance to Sibili Full strike machinery, how- June 30,
tion Find But to continue with official Total bill discounted 1,404,118,100,040 INVESTMENTS ever, has already been alerted
Invest. 5.83 Notes in circulation 3.200,070,773,200 statistics: by both sides and steel manage-
Allled FE Current counte and
H.K. A 215,807,050.976 would start Vowed
deposita ment
-UPL Employment netted' a one
Invest. 11 shutting down as soon as word is received that labour rejected
million gain from April the offer to extend contract to May, rounding off a 66 mil- negotiations beyond the strike lion gure. But only 240,000 of deadline.
that total gain came from ranks of the unemployed now number 3.4 million.
In order not to destroy the and its crown Expensive tube
subsequently In the blast it is
tube, by replaced
a plastic
j through which the detonator pushed into place by means of of compressed alr. compressed air for drilling and saving charging enialis a great of time and manpower.
The contractors. AB Skanska Due to the small diameter of Cementgjuteriet, well known the target's photo-conductive Swedish experts on building and joyer, excellent depth of focus.
have is possible even with tenses general evolved this system, using Atlas | working at large apertures. A
turret Copco compressors and drills four-position
used, and specially designed bits and with provision for mounting a crowns from the Sandvik works, wide range of lenses or a zoot The charging and blasting delens. tails have been worked out by A particularly Interesting another Swedish firm, Nitrogly- ; feature of the new camera is
Meanwhile ecrin AD,
that the male
oMelal operating con-
statistics The reason for evolving the trols are only four in number
continued their tale of a ricady "Lindo method" was mainly the mnd are fitted on the back panel climb. On top of record May
the surrounding of the camera itself. This sim- danger of
figures for industrial production
Electricity distributed inst slopes of wet clay and earthplification and positioning and personal income come news caving in it
week totalled 13,331 mil- ex effects conventional
that retall sales in that month: valuable economies in cavation methods had beer operating personnel, for the rung up a total of $18.3 billion. lion kilowatt hours, up 11.6 per
With resorted to.
the now
cameranian himself can control
This was two per cent above cent from a year ago but elight- method a frm mixture of rock
the complete chain, without the
April and ten per cent abovely down from the 13,503 million debris and surface inyers is ab- tained, which is subsequently turn. For fixed-position opera-
need for camera control opera- May 1058. removed by means of a shovel
tlon, remote control
be dredger.
provided.
Orders for twelve of the new The rock profile ut the bottom romera channels have already of the planned canal is very been placed by the BBC, while uneven, sume peaks protruding; further equipments are to be almost to the surface and other supplied to Independent Televi- parts lying much further down, slon
programme contractors
ROCK PROFILE
can
This has presented various and to overseas television au- problems both in the work of } thorities. (Marconi's Wireless drilling and in calculating the Telegraph Company Ltd. necessary force of the detonator Chelmsford, Essex, England).
How- for cach different hole. ever, the latest and largest blast, which consisted of 4,750 differ- ent charges. is reported to have been highly successful. Fifty-six used, tons of dynamite were
Dry Type Flame
distributed amongst 12,500 de Proof Transformer
tenators, which were blasted in 31 series at varying intervals.
ONE of the exhibits at
the
Mining Machinery Exhibi- tion opening in London on July 9 will be a dry type fame prost transformer. Unlike the con- ventional oll-cooled unit it can be located with complete safety coul adjacent to the working face instead of at the regulation 300 yard minimum distance.
Automatic Precision
In Grinding
control unit AN automatic
which fompletely does away with hand measuring previously essential to grinding operations by a UK has been developed firm of precision engineers.
Cylindrical grinding.inpchines,. when fitted with the unit, can accurately and automatically most grind the work to required size within one ten-thousandth an Inch.
of
As the grinding operation ap proaches correct size, the unl automatically
changes from grinding,
course to find shuts down further grind- ing, and
retracts the grinding wheel,!
Coloured signal lamps show
At the eighth Electrical En- gincers Exhibition in March the transformer won a high award the Silver-Plaque for the outstanding industrial equipment exhibited.
of
It was judged on originality, design and construction, eland- ard saving attributes and ease
ot workmanship, labour
operation and maintenance. [Brush: Electrical Engineering Co., Ltd., Loughborough, Lelee. stershire, England.]
UK Photo Material
the operator that this is being Orbits Earth
ГА
done. The equipment con be fitted to all types of cylindrical
UK? An made what grinding machines which have a power operated In-feed for the believed to be the first wheel head and is best suited | photographie material over to be for plunge cat or short traverse put into orbit round the earli. grinding. N
The Office at the Assistant Auto-izing, it is claimed, per Secretary of Defence in Washt mits higher production, rate, Ington has confirmed to Ilford
Illusory
the
who The
majority of the jobs were filled from new labour pools.
generated in the previous week.
One of the strongest sources of confidence for businessman are statistics show-
tero
int.
COTTON
4.35
500 60
FUTURES
DULL IN NEW YORK
New York, June 28.
The cotton market was a dull affair again this past week with all but the
nearby July contract finishing on the downside.
ID
#
Quieter Week In London
At Friday's close the list Business Week magazine ad- ing estimates of capital spending ruled 28 points higher to
on new plant and points lower, or $1.40 a. bale mitted that some of the spurt in this year
95 cents lower than hard goods was illusory ir. the equipment. The Securities and higher to
and the last week's close. sense that the post-recession in Exchange Commission
Most of the trading centred ventory buildup raised produs- Department of Commerce Joint-
old July contract tion above the level of sales. Aly expect these investments this around the note of warning came from Sales year to roach $32,565,000,000, because of evening-up opera- Management magazine. It said increase of almost $800 million tons prior to, and after the consumers may not be playing over the 1959 total predicted by first notice day on Wednesday,
Initially, long-liquidation cor their expected full part in the the same agencies inst March. current economic upswing. It The new figure would be $2 ried July downward but
orders urged coaxing the consumer to billion higher than in 1850 but evidence at buying high spending through more still more than $4 bililor below 34.59 stenuned the decline and advertising pressure and warned the all-time high of $37 billion prices moved up gradually. The It has been a still quieter week in stock market
do
the
at
absence of notices on the first over-supply could become the posted in 1957.
further spurred with Dotice Hand in hand worst in recent U. S. economic history unless promotional pres-
planned Investment came covering to lift the delivery sunes are created and result in news of a spurt in private con- above the 84.80 level where it
tract awards in the Arst Ave Anished the wock at 94.67-88. greater demand.
RECORD PROSPERITY
IN NEXT 18 MONTHS
SAYS U.S. MAGAZINE
New York, June 28. Americans can look forward to record prosperity for at least the next 18 months and a balanced federal budget by fiscal 1960, Fortune Magazine predicted today.
VOLATILE
on
London, June 28.
with industrial equitics showing mainly small The general irregular changes once again. undertone, however, continues to be firm.
The extent to which business Some of the excitement over the situation the stock exchange. has Harrods Make-over" shrunk during the past 10 days diet down this past week but Debenhams, House of was clear when Wednesday's with
ani United Drapery volume fell to the lowest since Fraser Easter. But there is no nega Stores all bidding the shares five trend, Only a lack of drive | were still active though a little and price movements In the lower. main have been small and in- determinate.
Textiles
Cotton textiles shuros suffered
One spot firm sald It is possi- ble that the old July contract may become highly volatile in the process of evening-up operations between now the expiration data on July 15, There appears to be dull argu- ments for the price to advance or decline, the firm added.
The improvement in gili-edged the Trading In
other de
this past week from the annual of Lancashire cotton liveries was generally light as continued. There has not been
a great deal of activity in this statemen! most traders awaited word on
marker but business has been which revealed the severe im- farm legislation.-
fairly good particularly in the ; puct on the firen of the dew The weekly weather and crop long and medium dated Issues pression in the industry. Boots condition report returned to the favourable side after a tem-There has been good demand Pure Drug chairman's optimistie Breweries showed as the Australian Ioan. The to 223 8. government securities rose 0.2. the week easier following the the week. The lack of nows that Charles Clare had sellers plus invertment buying withdrawn is talco-over bid for sindh some finall switching from Wainey ston
Elowtre the equities market Textustrial equiisento, gilts has
Dorary setback a week earlier, for the ligh coupon stocks such statement sent share prices up fluence on the market, UPS,
on the markup Financial Times Index for signs of hardening after opening
ون
American Move
OR
caused the prices to rise,
Some Revival Thu magaxine said that prices
during the next 18 months are not Iely to else by more than one or two per cent a year.
All the same the July Issue of danger of Infation unless ware Against Japanese Silk the magazino said, "The risks coala advance very sharply."...... of Indation or recession appear lower than is usual #this stage of prosperity."..."
Fortune forecast a time of $80 billion in gross national product over the Next 18 months lifting. the total output of goods and services to the $500 billion level by the spring of 1900.. Tax Receipts
It also said the Boom should
Washington, June 28. The US Tariff Commission Tant, Friday" majopted the appeal of American silk manufacturers for higher tariff or quotų barriert galustapanitë para - other foreign slik fabrica,
Präsent trends, the magazi continued, point to less dopen- dency on government spanding and inventory sccumulation and more on Investment; and dons sumer, spending, and pendles
Consumer sporiding, Fortting the Americas)
`elitilnation of serop, 'roduction { Llmlieg, that the special emale | kweli government taxi Frenkote. Predicted, iphopilă: jerosion. £150?) ball: failed to aizbailt-
ot operatur fatigue and smaller son carried in Discoverer 11 to produce 1980 gbudgetary tolerances for Interchangeability cosmic ray records, were proj
Unemployment
should run of
It also enables the use of duced by then. It is understood surplus of a couple of bullon sami-skilled operators and is that similer cosmic ray experts suitable, for use on small quan-"| manis, will be conducted, using klightly above tout un chât pe tition as well as in masa pro- tiford Amulsions dit in vu costat 1] the labour” soy yor , được sáng taylor, Aranose tornching and là thái đ
it added
radiofag billion By the end dog toy support. PRZ (RO) & Your to reuch a renord: taller pWENYE+MROLE=LOW
1965
› Caplish a spending plant and roulemekki la
There was nothing in the nows to account for the rise in oils which have been hit by high inventories and softening of prices.
Chemical axies met demand
ix
vica on
on estimates of high earnings
loading for the
companies. Allied Chemical gained points and Du Pont nearly four, American Motors, one of the active teades In moet session, ran up 4 points estimates of high earnings. Chrysler firmed while tieneral Molors rose a point and, Ford gained nearly three. Goodyear starred in the tyres with a gain of six points on sharp jump in carnings.
Steel Strike
op-
Imminence of a strike peared to work against the sleel sharea where Carpenter, lost eight points and Lukens nearly four. U.S. Steel lost a fraction and Bethlehem gained one.
Sales so far in 1959 have totailed 438,504,050 shares, in- dieating around 442 million for the Arst half of the year. This is the largest since 1930 when the Arsi
total Was
403,204,470 shares.
at
The Dow-Junea industrial average closed the week €39.25 up 9.49 points from the previous week's close; railroad 107.17 up 2.80; uulity 86,10 up 0.32; and 05 stocka 214.42 up 2.91.
At the week's close the in-
dustrial average was up 101.07 close of the first half of 1958 and up 55,80 points or 6.5. per cent over the close of 1988. UPI.
points or 33.7 per cent over the
FORMOSA, THAILAND TRADE
Talpei, June 28. Formosa's 'trade with Thal- Tand in the first three months this "your has in- creased by about eight times from the corres ponding parjod last year,
It was disclosed today:
The tharp Irene w tributed to: thà Thai govern- ment ban on Communist Chinese importa."
has been quiot and steady.
In the Kaffir market...it, thàn been a week" of quiet raciiperasi Trøde oflalat 'shit" Formosatt tion following the sharp noiback exporta to Thailand rouched In the foreign bond market touched off by the Durban rlola, $1,300,000 in the three months there was, agmen revival üf The markok still lacks some period against" an import: depen
elitilation and busi.... "Thailand of $150,000; speculative interest in Baltic posltihe bonds Greek bonds tended to ness has tended to dwindle but by Thek of dial widestorm weaken. There was little In- prices have kept my enough, being teen Lockup, that ampi terest in other nationalistics. supported by ", bidding, drum- many challangeet/matema Trans-Aushile, előeks, nuciuates Johannesburg with king sold more dire with Wall But some of the domand coming the two countries, *UPA.
Amongst indistints". Interest from, the United States Moterne keny kotarare | kina, Been almost andrely coban" | Financial Times Andam for guid Man, đen na to kincial situations with shares rose 0.8 gia the bank Dyk,
mani tho' various take-over bids of KLITOLAK (SWOT and to componi
„Otis opened the week mantie Urringh lick of busfrums but Tradually picked up und
No comments yet.
Private notes are available after approval.