'
THE CHINA MAIL, MONDAY, NOVÉMBER 30, 1959,
Weekly Survey Of American Economy
STRONG U.S. BUSINESS RECOVERY
WEEKLY U.S. COTTON TOBACCOS
GOODS MARKET REVIEW
New York, Nov. 29.
The cotton grey goods market here achieved a new six-year high this week and showed signs of going still higher.
The B0-square four-yard print,
Goods bought evne time ago In the the pivot on which the wholent much lower prices market rally rotules, sold up
Far East have been arriving 40 days behind schedule. to 2214 cents a yard fer average to 10
high This bas caused buyers, particu make pot goetis, a new
March 1933,
Higher larly users of drapery fabrics, to tradies goods brought premiums cover in the domestic market at advancing prices. This follow- of a cent a ward on spot.
anoveed a recint spurt of buying of The current
rofile sheelings ment which started gradually 16 Americzn months ago, has been gaining in-after some large urers here dis
covered that for kong mills erdesing momentum, particularly
Labour Day this were sold well when i since after your.
upward
on
While the empha.is has been the apparel-type 1.brics, Several Directions
wide industrial fabrics also have price-lilung gathered strength following the The markel's power continued to be generated teel strike conditional In several directions:
Krude raw cotton.
•
2. Mill adherence to five-day work week,
cloth inventories.
4. Delayed
Koods bought
the
arrival of
lower abroad at
prices me time ugo.
·
miil
yarns,
Alth
In cotton salez ducers also emphasised the t
5. Higher wages paid 10man! for curded yam: for in workers and indications dustrial urea" lagged, although that the union will be, asking for scies in that category were sull another boost before too long.
termed "satisfactory."
HIT IN AMERICA
New York, Nov. 29. ›
Strength in space age stocks
and weakness among the tobaccos featured a gene- rally firm and quiet "tock market,
tite
Near-Normal Steel
Production
Retail
With
Sales Up
New York, Nov. 29.
A strong recovery in business activity was underway in the United States this week, spear-headed by near-normal steel production and by never-lagging retail sales.
$3,100
It was seized on by the strel-
ns ten-workers union proof that the meat part absent from the index in October-did not con- tribute to inflation.
The shares of cigarette makers
to amounted However, belated statistics sul month look
the pasting on 1 severe statement of
Surgeon were Alling in the picture of the million. However, the and General, Leroy Burney, linking partial depression caused by the monta total of $31.7 million. so steel workers wages-being, for
recent steel strike
the far this year is still a full five lung cancer to smoking.
absence of any progress toward per cent ahead of the same
permanent steel settlement (period of 1958. nearly 8 at its low but recovered lent itself to forecasts of a steel
American
sertion
thal
"Mbacco was
many
of
A
Supply Pipeline
Kaiser Steel
Chemical Industry
SCIENCES
DEVELOPMENT SCHEME AT WELSH
at
STEEL PLANT
Details of a second development scheme Brymbo Stealworks, Wrexham, involving capital expenditure of more than £2 million woro announced schome, due to be recently. The
completed in
August, 1961, wiil
make this Welsh stealworks one of the largest plants in Europe pro- ducing special steels.
Brymbo has
for many
the i
year past specialised in
Steel. Corporation meanwhile served notice that it induction of alley and special Blood Pump Used In
A
of
to
pinch well into next year. part of its loss.
The U.S. chemical Industry Steel roared back to 10 per The space age group set the
-Kalser as early as the cent capacity pace from start to finish. Con 16th day of the 80-day Taft-old it lost more than $10 million expected 1939 to be a new solidated Electronics added more
The loss in record year in sales despite the Koles The total then a while Motorola gained Hartley injunction period. This during the strike.
volume should reach $24,000 General Tyres 3, week's production was scheduled the third quarter offset a similar steel strike. more than 4.
million, thus
the topping tens production in the first two
-Another Federal Budget de-previous high of $1,400 million Ampex more than 2 each.
set in 1937. The reason: the 1. The ring cost of off.ment. Weavers of coated fabrics/ Litton nearly 6, and Varion end to yield an approximate 2,400,000 profit in the second quarter.
are counting on a brocieringĽ
suffered less The industrial average posted weeks after resumption of work the Auto- demand nA TOOM DES
its eighth straight advance in a, in the steel mills was estimated leit appears likely for the cur-
By January rent Bnancial year. The Govern- chemical Industry
budget of end bounced back sooner from nearly at 3,533,000 tons. mobile idustry gets back into
restored
settlement in 578,900 million with a surplus the business drop in 1958. resumed if no 3. Vanishing excess mill full-scale production. A scarcity $1,500,000,000 to market valus 26, the date the strike should be ment estimated
The surprising comeback The Budget of off-grade cotton has started lotions,
reached, the cooling off period of $100 million.
tower steel steel operaikens had a depressing admitted seriously affect come weavers of
hould have given the aution a Bureau
one market-steel tarpaulin ducks.
TRADING SHRANK
stock of Endly-needed
some profits and loss of corporate jeffect
year plus an ex-scrap. Prices retreated $1 All these figures taxes this 3,030,000 2,000,000 tons,
ton, dashing dealers' Trading shrank to
than $3.50 a of more expected increase were substantially above shares from 3,550,000 shares on
In volume and $2,000 million in Federal spend- hopes of capitalising on a tem- Wednesday as
traders pectations both
financial year porary shortage of orc.-UPI. in dates at which near-normal [ing in the next stretched Thanksgiving into a
makes chances for any material holiday. The market production was to be resched. four-day
reduction in taxes very dim. to 1.207 A top union official this week
somewhat narrowed
503 traded of which
--Construction Apparel Yarns
expenditures, urged the mills to "share their
IFSCS spectacular profils with their
was as different from contracts let pipeline making apparel yams advanced, 407 declined and 207
The supply workers by voluntarily granting
unchanged. There Mill have kept up a continuous held Al wage increase now."
io 34 new lows reached as against steadily filing although lack of in advance, dropped seven per sources estimated, | pre÷zure on their
balance Is current inventories cent to $4,800 million in October. sales, union
up to EL 23 new highs. in a y
of construction spending this
exceed secure price advances
Philadelphia Curtiss-Wright, which gyrated was still slowing down full-The seasonally adjusted annual pound. $15,000,000,000 with profits ex-eent à
why down, to $50,800 m:illon as a "definite widely on Wednesday, up first scale retum jo normality in the rate
This was pected to average 74 cents for inners reported
engine and then metal-working field.
the September cute of ench dollar of sales.
Isillers market" for yarns with on its new
true in automobiles against a dividend especially,
$52,400 million. eharply on
Motors. for Because of the higher than preme mills turning down busi- down
they expect higher cut, featured the niarket in where General
will nol resume example,
However, actual construction expected prices for raw cotton, nes since
turnover. This prices later on.
linc work assembly
expenditure in October wes still one lg grey goods mill
Hard mes featured renewed
December 7 and then only in one per cent above October 1958 werk boosted prices rent a
the hemp
five of 23 assembly plants. This and
ten-month total of yard on third and fourth quar-Armness in sisal, while for goods. Mille have been and burlap prices remained on
in that com- $45,700 million was 13 per cent would mean that
steel
strike above the same period of last pany alone, the paying cents a pound more about an even keel.
they Distributors of man-made than cotton
the resulted in a shuldown for rayon
the fibres reported a sustained de- expecter, erpecially
full month, idling
workers 200,000 Krades going into print cloth mand for a variety of construc- tions for first and second quarter fabrics.
General Motors delivery. Prices of staple nylon sheers continued to advance in reflection of the tight market at Interest the grey goods level.
round tafetas, also revolver
batistes dacron polyester fibre, and dacron-cotton blends-UPI,
year
CITY
Mart frequently cited cloths headed for a tightening delivery besides print cloths situation. are combed broadcloths. cotton sheetings, Bedford cords, novelty yard dyed and sportswes chocits.
Mills
arents
NOTICE OF CHANGE OF TELEPHONE
NUMBERS
Please be advised that as from 1st DECEMBER
telephone 1959. our
to
numbers will be
35821-0 (10 lines)
JOHN MANNERS & CO. LTD.
Manners Engineering Ltd.
Manners Godowns Ltd.
Manners Insurance Ltd.
Manners Navigation Co. Ltd.
Manners Trading Ltd.
H. Skott & Co. Ltd.
U. Spalinger & Co. Ltd.
and Associated Companies.
Free early daily delivery of the
changed
SOUTH CHINA morning poST, SUNDAY POST HERALD CHINA MAIL
is now available in the areas of
SHATIN
TAIPO ROAD
(between 64 milestone to 11 milestone)
TAO FUNG SHAN
MA ON SHAN
YOU MAY ARRANGE YOUR SUBSCRIPTION EITHER DIRECT WITH US
WITH OUR DISTRIBUTING AGENT IN THE AREA
от
SUN SUN CO..
201-203 Second Street: Skatin New Market, N.T.
were
Bir-
Steels perked up and in the chemicals Thickol jumped while
In the Martin featured
shares Joined
crafts,
Railroad Upturn. UPI.
London Stocks
Generally Irregular
London, Nov. 29.
until
year.
HONGKONG STOCK
EXCHANGE
by
Our Own Correspondent
quality steels and when changes
in plant are completed produc
un may rise to 260,000 inget ions a year." The new scheme for Brymbe is announced by the Beard of its parent company. Guest Keen and Neitiefouls.
the old
new
The new developments follow on a first improvement scheme started in 1856 and completed this year, in the course of which open hearth melting shop was replaced by melting shop with three 45-ton electric
furnaces supple- menting the exising three 30- ton furnaces and naklog plant all electric.
аге
a
Open-Heart Surgery
NEW advances in open
surgery
heart being made at * hospital cooling of
STO
London involving the patients down
to vory low temperatures
(profound hypothermia).
The metabolism of the brain, the which is the most important or- gun in the body, is slowed down
At the same time the Brymbo so that its oxygen requirements are reduced to a very low level. on the based process,
pre-
refining of blast furnare metal In actual fact the patient's tem with tormage oxygen for subperature is reduced from 30 de- sequent use in electric furnaces, es Clo 14 degrees C at which came into operation and his point the blood circulation can be completely stopped for up to I attracted considerable notice in
an hour. the world press,
REPLACEMENT
An Important plece of equip- ment in this operation is a
The new development scheme oller-type pump which is used from the to force the blood into the lungs follow 3 on logically
Avhila the modembing of the steelmaking for oxygenation
compatient's temperature is being plant and consists of the
four old reduced. Blood is also pumped plete replacement of Ingot reheating furnaces by a through a heat exchanger which continuous bogie furnace, the cools the blood before surgery it up Installation of a new cogging commences and warmıs
the afterwards to bring the pallent
full advantage back to life.
steel-making
Business done at the Hong- this Exchange Stock kang
to approxi- morning amounted
Noon quota mately $871,000,
mill, which works to take
will enable
of the increased
| facilities.
of one more than
--New Haven Railroad was miting and production in the latest to report an operating the fourth quarter to below deficit for the arst ten months 400,000 units, the lowest fourth of this
On the other hendtions and the morning's transac- quarter in more than a decade. million.
Central had a net tons: only New York GM expects to 100,000 unita after it resumes income of $212,000 in October,
This, the first net gain rince June. month. operation next
make
year-more than
Rail Freight
On the favourable side, these were the developments reported
would be only about one-third of the total automobile produc tion expected for that period. General Motors usually makes almost half of all the cars pro- duced in the United States.
The automobile industry serves this week:
the
-Balt
shipments an example of what
will be in the surged in
the the wake of general picture
resumed steel production. Last
25
freight
Bhares BANKS HK. Bank East Asia INSURANCES Union Lombard
Bayer, Bellers
1043
Bales
]
SHIPPING
Waterboat
84
Wheelceks
XD
25.00
5.35 G.CS
DOCKS, ETC.
K. Wharf..
16 144
Dock
Provident..
15%
671 15.70
Tod Dock 38.75 3925 Stock markets this week have metal-working field for the re-
been generally irregular mainder of this year and well week, carloadings rose to 628,000
of 1960. the first quarter Insta
units, almost 14 per cent above
1LAND. ETC. but the undertone has re The same squeeze will exist in the previous week and only one HK Hotel 32! mained decidedly firm. It major appliance markets, such per cent below the year ago i Land
washing level, and
Humphreys so far this Carloadings has been generally an un-as refrigerators
This was supported year are about two eventful work with
per cent Really by indications from major ap ahead of last year's level,
whose order pliance salesmen
Alled till nexi books March.
the machines.
ot
•
volume of business much lower level.
gilt-odgod
werC
Well Below
Turnover slackened and the bulk of the
internal has been business switching. Investment demand For the has been small although there whole,
must
INDUSTRIAL EQUITIES
own
Of that re
|
دوز
510 831%
rsia
..
1.35 1.3716
Hir. 1040.
25300
2000 1
BUDBER Amaik...
3.80
Trusi
15.00
2888
three
be introduced will
Grad the handling and cooling AITENGO- ments for the finished billets will be completely revised -- L.P.S.
The unit has been designed to The null will be able to roll Pump blood at controlled flow rates of from 0 to 6 litres per ingots two-and-a-half to times as large as those at pre minute with negligible haemo-
The lysis.
replaceable pump pent being rolled At the same time botken pouring facilities clement is a translucent rubber tube held securely in position
the tub by a positive clamp, being cheap enough to be dis carded and replaced by a new one after every operation.
The flow rate is governed by the speed of rotation of the and this can be varied smoothly from 0 to 200 The equipment is simple rpm.
and embodies a and reliable handle for manual operation in the event of a mains failure.-
Overseas Orders For roller.
Spraying Machines
A
UNITED KINGDOM L.P.S. firm is manufacturing |
(Siemens Edison Swan, Ltd., and exporting to Germany, 155 Charing Cross Road, Lon- Singapore, Rhodesia apd don, W. c. z.)
spraying South Africa, a
1000 3.775 machine, claimed to be the
poo 3,80 4331 3.80 1000 3.80 5.20 3.40 020 0.10 50000 6 3 20 10000 5.25 30000 v $.30
4.25
325
3t
312
500 12 31,
2003
only one of its kind pro- Heavy Duty Hand
duced in Great Britain.
Its operation depends on rotary brush of special construc- tion which collects the material. It is arranged so that the bristles hit against striking plate,
Cultivator
NEW heavy duty hand-controlled cufti-
Alicking the liquid in the form vator will be
of a controllable spray on to the the
on view at Smithfield Show io
article passing under the machine London from December 7
230 @ 127
100 # 127
20.40 20.00 2700 «**
on a conveyor belt,
100 2015
20.00
to 31.
normal
Powered by a Villiers/3.A.P.
Air pressure- the 20.50 method of spraying-is not used
1500 2050
in the machine, and therefore, single cylinder four-stroke air
vertical engine Uniform cooled 438 23.40 culs running
costs.
the
13.60 spraying can be controlled to machine has three forward gears
Ane limits, to suit any and one reverse.
The on
Electrius 23.30
24.00 21.90 Rte. 13.30 13.40
13.80
17913.45 Very
TeL
11.20 ....... 20.90 INDUSTRIALS
30
500 0 30
10030
30!?
The engine is a complete self-
particular application. Any standard conveyor may be used, providing it is not wider than contained unit incorporating im- synem. direct the spraying machine, and the pulse magneto ... 3814 % 2000
type lubrkater,
600 & 30% 250 38
-Personal income in October increased for the second succes- sive month, reaching an annual milion, This rate, of $382,000
with the rate ot compared Auto industry as a $383,300 million reached in the December producilon pre-strike month of June. July al about and August recorded declines, has been a certain amount of was being scheduled
The 420,000
Sungala interest in
units, well below the September already showed pick-Tewa dated stock.
probably would up losses in steel wages were UTILITIES forelig bond market saw 650,000 which
Tram out under more than offset by income in been turned iron small flurry in
Curtain have
of the economy, other sectors
Star Ferry issues, particularly Baltic bonds, normal conditions.
Yaumati but when it became clear that duced total. Ford will account notably farming and retail sales have been moving at a
C. Ight no debt settlement with Russia for almost 40 per cent, thus top which
Motors possibly rate of 6 per cent ahead of last was likely in the near future ping General prices subsided, Dollar stocks for the first time in the history year despite the walkout.
auto making, were irregular.
The premium of American
-Corporate dividend pay- Ford, of course, maintained this British investors which
In October were only because of its menta pay to bu dollar stocks roce advantage
October never largest for ony aleel mill which
The third record-4833 million compared to 1 per cent.
stopped production.
million in October Macao E.. Chrysler, with $819 major
maker, CRI ironically was really hurt only last year, Dividend cheques are mills resumed now going out to stockholders The industrial equity market after the steel
annual rate of nearly Cement has been undergoing a further work. It closed down three at an period of consolidation after its more plants this week, bringing $14,000 million compared with
million only སྐ recent sharp upswing. Prices its total of laid-off workers to just above $9,000
Alve years ago. But dividend STORES, ETC. this week have generally only 23.480.
strike meanwhile income, which was 6.7 per cent Dairy been slightly influenced by com-
The copper
income 30 headed for a of total personal pony news, of which there has was reported
The dispute, which sears ago, represent be a good amount of excellent settlement.
in some plants ante-daied the per cent of the total today. character.
record 116-day steal strike, was The shipbuilding, heavy expected to be settled before lectrical engineerlag and coal Christmas and bring an increase mining are still depressed. Steel in the price of copper. und machine tool company copper last week was quoted at sharps have improved under 40 cents a pound because of tight the increased
the supply. Copper and brass will semi-finished products already Industries,
Oks have been depressed this are fiching 75 cents a pound. week except for the continued
Monthly Output buying of Shell Trinidad.
Before the copper mines were
The width of spray can be ad- The plough will make single zero, lo the furrows up to
Inchos BEVEJ
It output in the
maximum width of the machine, deep and ten inches wide. 100,000 long. In October, crude The increase occurred dompila
and it is possible, with tire' ade - has a six-inch share and a mine output dwindled to 21,000 per cent seasoopt drop in food prices. August was the
dition of a granulator, to enable twelve-inch disc coulter.
be Canadian Dollars: Maximum artigle to only month in the
pest seven
sprayed andTM 16-17/92, months when the cost of living | Selling
Minimum granulated in one, operation. index actually registered a frac" | Buying 16-23/32 T/T; 18-27/32 ional decline..
OVD.
demand in
Lack of inquiry turned rubber
Pertinent Statistic
... 0.10 20.40
Nanyang..
manufacturers
recommend that cooling eplush the conveyor speed should be 44 centrifugal governor, fuel tank feed carburetter, feet per minute, although this with gravity
efficient exhaust, silencer and 300 19.50 is not vital to the rate of ap-starting handle, All balls and 500 19.00 plication can be adjusted.
studs are of high tensile steel.
It is claimed that advantages
To make control caslar the of this machine over conven- handlebars can be swung tional air spraying are that
degrees either side blockages are virtually eliminate through 90
and can also be adjusted for ed, that it will spray any fuld, height. 500 e 14.30 from light to heavy viscosity, and that it has a low inital cast, with ow running costs.
2300 2 14.00
2000
20
only 3.5
1000
20.30
100 ú
20.30
watatar 1. Crew 29.10 COTTONE quexille
8.00 14.20
30.30
100.30
MISCELLANDOUS,
INVESTMENTS
14.30
Allied
4.725
196
2000 4.78
100
is
Vibro
Dealer Another pertinent economie statistle appeared this week but doce not belong in either the
.on unfavourable int favourable group-the cost of living index. It rose another 0.2 per cent in October, the sixth increase in IDX & FE seven month, and now stands
at 123.5 per cent of the 1947-49 average. This means that what
SOWANEJ
►
Is
A full selection of attachments available These include plough, rotary cultivator, cuiter Et is a aclf-contained
bar, rotory gross cutter, fur- driven by a fractional horse rower, tool fame with complete power motor, and the spraying vange of implements, hedge
controllable without Inter-trimmar, etc.
rupting the eproying operation.
chares" "dull" and they sagged struck last summer, monthly cost $7.97 then, now costs 1 Agreed Merchant fo
Monthly subscription rates:——
Sunday Post Herald
$ 2.00
Lowards the close, ... UPI.
China Mail
$ 6.00
South China Moming Post
$ 8.00
NOTICE TO CONSIGNEES tons.
South China Morning Post &
Sunday Post Herald
$10.00
For further details write or telephone
THE CIRCULATION MANAGER
"LYCAON"
U.S. was about
Rates
Exchange Rates
The rotary cultivatör küş on overall width of 18 inches und It can be disabled for rotary speeds of 100,200 and cleaning in three minutes.
450 rpm. Maximum depth of work is hine to ten'inchies and The machine is particularly it can be adjutated in 1⁄2 inch uitable for the spray treatmhetit. "Wants,
Here are some of the reports outlining the adverse effect of the steel strike:
-Secondary layoffs, caused by
The steady climb of the Ulving the walkout traunted to 887,600 Damaged cargo as this vessel wil before it was inalted by the Tafle | costs, index was welcomed, by be surveyed by kemas. Paania ke starlloy injunction, The Labour the to-called expansionist school Bayer Davy, Lid, at Holly Shari Departament predicted further for American economists who from 19 man, kurs. Dacement damla la 12roms would now in later favour demonic progress at the $559,and, gozleri
Busies was done in the local TUBING PUSKOONakovém zlatistics Abspite the resumption cost of controlled nation: The
thes ----L.P.3, climb of course renecja recover, rossing at the Dowing Tamás of work in book-zuiliw
-Building Toontractain ing vitality of the economy at Swanbars, tövis Bay October fall ave per cent bolow the end of the steel walkout yatarting solos perdici cetoner Tuna. The “hird, cunts 15 yer deurled by the strikitty medecin rundt (19m 390) tructive decliné from yndr-ago anti-indationary shop of Tamm (per 100)
maonomists.j
Lo
have
SOUTH CHINA MORNING POST, LTD. during the surrey
1-3 Wyndham St., Hong Kong, -
Tel. 26611,24
BUTTERFIELD & STEE
Again
Hodgkong. Nopember 06, 1OR
Ródaini
of rooding illes, and it is uvast- able, in three, nides, multable, str. The tool cama mily be used alt-Inch, 12 loch and 10-inch 23 kids sa s Reiht or gear mounte adimpletown Varying tool wikiba are. available, and máy. (The Bridgewater: Bpraying|be: built up as required: wih zabitine is made by the Lána" | alda hoer, cultivator “points,
· Stederset, | riding or potéto Kiting bodies.»
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