Page
From South
Bank To London Airport In This
THE CHINA MAIL, TUESDAY, JUNE 22, 1954.
A Brkish Europeati A WRJA 13:Estal 173 MKII Helicopter Rying over the patchwork count; yside of England in a recrat tera dig. Noun tirse al craft will be playing a lending Eventually. loo, they will re. rulete new pattern of Intel its ake transport in Britain. place the motor comelus travelling between airports ang city centres.-A Bristol Photograph.
Latest Round-Up of Aviation News From London
HOW BRITAIN PLANS
TO DEVELOP ITS
HELICOPTER SERVICES
The British Government last weck and pinced sensational news for the aviation world and all who travel by ale- Brilish European Airways have been given permission to operate their head helicopter servier Frum London's Soul Hauk heliport to London Airport.
of slugle-engined Because the authorities are still so concerned about the danger He#eopters 1ving low over the elly, permaission has been granted to BEA only on the under- s'anding that lois ly the helicopters over the tiver Thames until they are clear of the heavily-built-up areas.
This week's round-up tells you what plans British aircraft manu- Cartures have made to meet the expected rajid expansion of Ris type of service. item in this week's round--a werkby China Mx tearte Which comes to Hongkong by air- telle mall from the London headquarters of the Surlets ul British Aircraft Constructors you if the small rocket-motors developed by a Buitists airerait manufacturing company to test tiny models of sea-planes and water-based figtilers of the future.
The 173
VUTLARS
Speed
The opening of the new British European Airways at a cruising
Another
by
3.
The models are powered 16 pasengan
eut samt vockel-motors which
up to 10 lb. of titrust-less than 133 pb. service with passenger
Then Corante, me actively per cent of the thrust given British helicopters brings | working
The nodels Cartone povered by a full-size Jet.
Ter love launched im to the yuter one lage nearer the day helicopia
and their performance recorded. he helicopters will take al
feston dhas. over many of the country alapka' short range wir services.
Although H
·
1. и
On
Favers
comedy
3. Gyentynu
Hundreds of texts have been whe halogh it uses is pistone made with these self-propelled compressed | trodels in tanks, at sea, and un
rivers and lakes.
vers before rethe Lange num-ule Över of kuelu opters are to regular
commercial service.
tise polles
of Tuture heltempler
I Love Japerenung (beanca
thesta Tra
experituental service,
$1 ཏཐཱ །⪜; Je providing valushie chato fo
abinm
powered
Hotodyne altkla je new being built.
The Rofertyne will be powered
Nabler Bland turb
vo
Why Needed
In the past. designers investi- flying gating the behaviour ut
being flown with small four or ¦ proga, mosinteri on stub wings. boats on water usunily tested Ave seat single
engined and the rotors are driven by them by building solid models machines next will come ser- jets mounted at the tips. The which
cainpulted into vices with the larger and faster Rotodyne le designed to hold 40 twin-engined helicopter: Anally. passengers and baggage and to if development goes as expect-seen
th. The
turbine-powered
copter will come into
E DWD
Creat
were indoor tanks.
TRADE and
PETROL PRICE
WAR
STARTS IN U.S.
New York, June 21.
Because of reduced consumption of gasoline and a growth of oil stocks in refineries gasoline stations all over the country have been cutting prices and refineries are reported to be offering discount deals while officially maintaining posted prices.
The Wall Street Journal quoted one oil authority as predicting that crude oil prices might be under further pressure.
Top oil economists of five lending oil firms trimmed their earlier consumption forecasts by about 30 per cent on the average, the Journal said,
over
but
restored prices 10
Six months ago, they predicted (all gains in 1994 of 4 to 8 per cent. previous high levels,
Wall Streeters Now the estimate is placed ut a 2 to 4 per cent Increase 1958. Among the reasons offer- ed for the expected
decline: reduced use of heating oil due to the slackened business pace; loss of market to natural
and to some extent, to coul; erucel use of heating of das to a mild Winter and reduced gasoline consump ilon.
were divided in fixing the reasons for the errant market behaviour. Sono skid prospects of a break-off in eva conference
firmed the Geneva
prices: othe
others said it was the
market strength and the avail- ability of funds which are being altracted by prospects of higher
better and Spring dividends and
yield- Now everything ratios.
Is near the highest levels for many
Industrials yours,
are only 14 per cent below the all-time high in 1929. Hails are 41 per cent uter that high, although only a fraction under the high since 1930, as are utilities.
meat
These latest forecasts in expected fall in US requires ments of from 90,000 to 140,000 barrels dally, from carilor **- pectations,
of
In the first five months 1954. It was estimated that oil Consumption was 15 per cent aheud
forks
Junc
STRIKE UNLIKELY
Steel industry etreles specul-
last werk
wage
of last year, compared with an industry gin of 4 per ated
Part- rent as predicted earlier.
negotiations 105 underway because of this tag, stocks of might be settled without resort gasolar
increased and to a crippling strike nt the
in expiration Tiers weakened. Accorting
of the principal the Wall Street Journal, US letour pac
pacts on
on June 30. While detatis of current gollatioun tre guarded, there was some feeling that no strike will neer. despite the rejection of wage offers by the U. S. stcel unions. All men reported # slackening of hedge-buying
agamist the possibility of a
of a strike.
Ritsofine were at about 171 million barrels, 15 per evit above
year age
the
NY STOCK MARKET
After earber indecisiveness, New York Stock Market prices Burged higher for two successive scisions last week, with leaders improving 1 to 3 pomis and just about wiping out the accu- Andlated loss in the $1,000,000.- 000 sell-oft the previous week.
Rail touched new highs for Steels, motors, year. chemicals, aircrafts, some textiles and cats, olang with som specialties joined in the general improvement.
Prolit taking
und investor the previous week unsettlest market trading, but By the end of the week, about 30 per cent of the loss had been Recovered. Last week, however,
172
12 re-entry of market confidence
same
"tron Age." national Ametal- working weekly, predicted the negotiations might well result in a tive to eight-cent-an-hour "package" increase. The week- ly warned that this increase in WIKT
costs will probably be followed
higher by
price. Steel producers would then run the risk of initiating price in-
weak market. creates in :
Industry leaders itli.ve that considerable inventory Just-
has already
taken place and that operating rates for the next few months might range
the 70-75 per
cent level. Operations for the current week are scheduled at 73.3 per cent with of enpaelty, compared 73.2 per cent in the previous
ment
In
Singapore Rubber week.
100,
Market
Singapore, June 21,
Blanket crope
"
תנ}
The market eased slightly in the morning but in the after-
The murket steadied acceptances by Australia, Sellers of low grades were very TC- served. Future closings: No rubber per ib. July
AUR. - Bent, unquoled No. 2 rubber per lb. July 04]5-093 No, 3
034%-0336 No. 4
03-634 les than 150 However, it ha
04%-063% Spot rubber unhaled "i. now been
011-0219 found that some of the intelecte
No. 1 pule crepe 2017-18
United Press. Another arb.ne-pa-wired hali- data required cannot be oblain- Just AS the turbine-powered 'copter under development is the cd with these catapulted med: Is NEW YORK MARKET fixed-wing airliner 1 doing, Percival 134.
This is an elaht- and the more complex arr-
New York, June 21 today.
seat maentne, built to test a new propelled type is needed.
Rubber futures today closed 7 points higher to 4 points lower Existing bellcopters might be system propulsion. This is a
An example Is a flying bont's
with sales of 77 contracts, compared in size with the pri- | Napic, low-r sure ryslemn which
when taking off
Dullness prevalled in the spot vate car; the next stage will be it is claimed makes mechanical performance
It will be of across large waves.
market with No. 1 Rss quoted the rotor-bun, and Bnally, des coupling between the source
at 23 cents a pound. Future tion will not be siguers foresee helicopters as big "power and the otur blades unnecelerating, but the accelera
constant, be- closings: as the biggest flxed-wing nie necessary,
esuse as it hits each wave, the
July plane will tend to slow down.
Sentember December Here, therefore, it is essential to
March which use a model
спи taxi
May July
Huers flying today,
Five of the twenty major
British aircraft manufacturing companies are now ingaged in
Less Noise
The rotor ans three
blades
hiropter werk. A sixth and is propelled by tip-mounted under its own power.
company has recently formed a lis helicopter division. Several of the the engine companies are also at work on special engines for, rotor-wing aircraft,
designers Blate that
The models are usually built elimination of the usual of wood. Sometimes they are cooling arrangements and the powered by small compression compleated tranmission system gation engines driving pro- will greatly reduce maintenance. pollera, but usuilly rocket They also estimate that the motors are fitted because of noise level of this new form of their greater reliability. propulsion will be much lower than in present hellcopters.
New Types
The now BEA services being down with the small Bris-
are
In
The rocket's fuel is hydrogen peroxide. Tho motor is very the project stage are rubust and on ane occasion, tot 171, which is powered by several large helicopters which after a model had accidentally single Alvis Leonides piston designers are studying for the dived into the water, the motor engine.
future. There is the Bristol 181 continued to propel the aircraft No defalle plans for the next Saunders-Rou, who are testing along quite happily below the singe with rotor-bus helicop- the small Skeeter as a private surface. ters have yet been announced.venture, have designe R except that it has been stated machine to BEA requirements that three of the large twin-with
rear- loading 2
door
bo
aro
engined Bristol 173's are being through which curs can built for experimental services driven. Fifty or more paren with DEA. The twin-rotor 173gers are envisaged.
Alvis by two powered Léonides Major platon-engines
15.
More Than Toys
Over short ranges, the models guided by radio control,
The miniaturo recélvers carried
Finally there is the Westland in the aircraft are small enough
at each end of a 20 ft. fuselage, company, which has produced to be held in the palm of the A synchronising shaft runs along design studies of a number of
the roof of the fuselage, ensur-very large helicopters,
Ing that both rotors turn at the
same speed, and that one engine
can drive: both rotors it the
other engine should fall.
Smali
to
hand.
23.17 23.40
23.CO 23.06b
23.84
Elsewhere, Government
officials hailed the end of nine- months decline
factory producto as a new and
has about spent itself,
Contact & Eh that the economic
COMMERCE SECTION
China Buys More Crepe Rubber
Colombo, June 21. Communit China han been buying increasing quantities of crepe rubber outside the scope of tho Current Rloe-Sheet Bubber Agreement with Coylon,
Inquiries for such sheet rubber appear
170 mountlag socoryling to trade elroles in Colombo. The price China has been paying for its crepe rub- bèr as compared with the world price down that parity is being maintained. Yesterday China's FOB price paid for crepe wan one Rupee and 57 cents while the Singapore FOB prloo was one Rupee 20 cenia,
The Last crepe
ship- ment to China took place in-
two weeks ago
volved 80,000 pounds. United Press.
HONGKONG STOCK EXCHANGE
Higher Admission Charges For
1954 Motor Show
London, June 21.
In an attempt to avoid the congestion anð overcrowding which have marked previous motor shows at Earls Court, London, the organisers, the Society of Motor Manufacturers and Traders have announced increased admission prices for the first day of this year's show and for Saturdays.
On the first day, admission charges will be doubled. This year they will be £1 before 5 p.m. and 10/- after 5 p.m. Last year they were 19/- before 5 p.m. and 2/6 after 5 p.m.
p.m.
co-
نام
On Saturdays, admission Research Association, the charges have been increased' operative proving ground and from 2.6 to 5 before 5) research establishment which in
now Пrmly established Nunenton. On all other days-except Tuesday of the second week -admission charges will be
nddition
ffic Society montains a number of oversons offers and representatives to asist the export drive of the
Motor Industry.
5 before 6 pm, and 2/6 British after i p.m. These have not added.
ho
Hongkong esidents who Į been altered. However, on intend visiting the show while the Tuesday of the second Home leave this year need week, admission charges will not be unduly perturbed by be it before 5 p.m. and 10 this now. As a rule,
visitors after 5 p.m. This is a New Y
charge (From Our Correspondent) departure. The Tuesday of
Business on the Stock Ex-The second week is generally change this morning amounted reserved for representatives $604.138.80. Noon quotations of the Motor Industry and and the morning's dealings,
overseas buyers. SHARES BUYERS SELLERS NALES
DANKS
Jak 1010
13100 INSTULANCES
Union
840 840 304 84214
SHIPPING
Walertin Al Nav DOCKS, ETC R. Whart Duck Tuviden:
Oldi S'has Dock Waicelad LAND, ET
HK Hond
di_L
Humphreys
10216
41 (3 80 (1 10 40
+
12.10 125
8 40
165 7.16 30
3200
inc
υπ
overseas are admitted free of of the production
Society's prosports. The announcement gives no indica- on that this excellent rule has waived this year-Fin. ↑ Rd., China Mail.]
A spokesman for the Sarus y The over-in casing papu-
the larity
Materi Show at Earls Court, Landon, reached a new peak Jast year
pakel W registered
alten- In ja dance of early 613,000 ken-day period. This compares with
an average attendance of abota! 240,000 before the war
Coylewsky, Agures of such itions betyd to inx the capacity of the Exhibition premiers to the utmost, despite
xter elect
100) T!!
9.40
BASIC
705
1
0.40 13
1800
1500 #
Mi
200 4
8.47
1 14
67 08 17.00
They ... 1.97 UTILITIES
Traits..
Star Ferry
21,00 27.00 2000 10 20
271
Light (0) 10.20 19 40 1000
been
NEW YORK
STOCK
MARKET
New York, June 21, Stocks continued to hover
which, within around peak levels today years, the Society of leaving the market quietly
steady.
Trading Was moderately abarcs com- active-1,820,000 pared with 1,380,000 on Friday. Biggest demand appeared for and Stude-
Manufacturers & Trud- organisirs, have under- Taken in the interest of the Lubie.
! י
immediately.
the result ger 12.30 that the organisers have found companies tomorrow. 300 g 122011 ...COLATO 2338 1243,450
to necessary adopt other held unchanged at
in 11 allempt measures overcome the problem of over-
Commentators felt the mor-
While
1000 21 70
have
300
1944 15.40 800 15.30
with
C Light (N) 12.20 32,20
Electri
dat
000 2,00
0203 Telephone .. 23.00 20.20 3500 23.80
500 20 INDUSTRIALS
1860 200 1035 | Content STOKES, ETC.
24.20 24.40 600 24.40
to
crowding.
extension. further Iris
teen thiy planned,
are of a nature shares of Packard
baker in antlelpation of a mer- whi.h ennnoi come into effect
announcement of those Packard 33% while Studebaker rose to $19,
Rails were among the strong spots.
Bre These
IMPROVING AMENITIES
announced In
п
Watson
.... 10.40 10.60
10.420
COTTONS Textile MISCELLANEOUS
Yavinati Alited
8,10 140 14 DO 3.70 3.774%
144
Day
ket's effort to climb higher was hampered by lack of fresh in- new scale of admission chargescentive, and the persistent fool-
600 24.30 which will be introduced with Lng in some quarters that there
500 of 1420 | the object of improving the may be a frosh period of profit-
#nd
feneral taking.
for
this
GOO 16 Bo
the 500 10,40 umenities
visitors 129 15.30 comfort of
Douglas up 14 and Bendix a year's event, due to begin on point higher at $70,; featured 100% Ocirber 20 8.00 0%
end to last for 10
The aircrafts.
days.
The introduction of a second day ut
higher rate the new It line with the general
ist
instead of taking the usual di New York Sugar The Society,
in May, the industrial produc- ilan index held firm at 123 per cent of the 1947-40 average, un- changed from April. The sea- sonal adjusted index rose to 125 per cent, first Increase over the preceding month since July.
Market
New York, June 21. World No. 4 sugar futures closed today 2 points lower to point higher with sales of 25 contracts.
CONFIDENCE NEEDED
Domestic No. 6 sugar futures the In Detroit Inst week,
point closed unchanged to 1 Mr Sin-lower with sales of 28 contracts. Commerce Secretary, clair Weeks cited this develop- Activity was hardly broad rant as one of the underlying enough in either contract to factors presaging B business develop a specific trading feat- pick-up. Critical of "some New use, dealers said. Dealers' and others for trying to rear the US into a depress-
wns confident July fon. Mr Weeks
Sept. (Jet. about the future..
have Mar.
now on, was some
Future closing were:
Contract No. 4 (world)
July
Bopt.
Nov.
Mar,
July
Nov,
กร
Rail gains ranged around point in Atlantic Coast Line and Kansas City Southern.
Out of 1,101 issues traded, demand, the spokesman said. 454 were higher, 429 lower and
organisers, 298 unchanged,
York Stock The New will have always applied and
Ex continue to apply the takings change bond volume was $2,- from the Motor Show to the 830,000.
The i general beneat of the Motor
Industry. For instance, in the change last few years the sums of at shares. least £60,000 a year have been
Motor Industry | were: paid
30 Industrials 20 rail
to the
New York Cotton
Market
New York, June 21. July liquidation and hedg^ 3.246 selling kept cotton prices on the #23 soft side all day today, 1,240
3.24n There was increased activity 3.240 on the decline which sent the 3.24
0.24
5.730
line for the first ime in 4 months.
Finishing around lower levels in the list was off 0 to 18. points. 553 The market opened unchanged 6.37 to, of? 4 points.
New Oricons www closed off 13 to 18 points.
0.03
rolls Unemployment been levelling off for the past May July two months, he said. Con- Spot-cents per lù, fob Cuba) 3:26 spot month below the 34-cent struction was
Just ahead of
Contract No. year. All that was needed from 24.20
aggressive -United Fres, LONDON MARKET selling and confidence, he said.
Concurrently London, June 21.
the Commerce | Mny The rubber market was barely and Labour departments revised Sept. steady with No. 1 ss spot their previous predictions that 1954 construction expenditures quoted at 10% pence, Prices:
would total $34,000,000,000, 2 No. Res spot
1034-10 Settlement house term:
per cent below the 1953 level. 1092-193 July
Now, the departments, ier cont such 1914-19 19-106
expenditures will be 2 above the record levels of last year, increased construction of homes was the principal fac- fer for the revised estimates, it. was stated.
AURUN
September
October/December January/Mareli
19%-10% 101-20 General markets, cit basis, ports:
1912-1934 10-19 1934-10-7/16 unquoted 2011. Unlied "Prom.
July
June
August Extate crepe thick Ertate crepe thin
www
Spai-(cents per t, etf NY
ox-duty)
United Irons.
LONDON METAL PRICES
American Stock Ex- volume WOR 730,000
Dow Jones closing, averages
13 utilitie
03 stocks
2-18.50
112,21
123.20
100.67
Comm. future price index
177,98
United PreRs.
40 bonds
CHICAGO GRAIN MARKET
Chiengo, June 21, Most grain futures climbed steadily to tractions above the level mark on the Board of Trade today, although soybeans remainex, In heavy ground throughout the session.
was
The sinking spell in soybeans slow demand, and power prices attributed to liquidation,
for toybean oil und mei!
Wheat closed up 1% to 1%
cents.--United Press.
The Agriculture Secretary, Mrints: soybeans off to 1% Ezta Benson said plans for an 11 per cent cut in the 1938 wheat acreage would be announced to.
CINICAGO. PRICES
Chicago, June 21. Prices per bushel iri cento: |
Glowing Prices
Spot
morrow, along with rigid con- Wheat, No. 2, red trols on what farmers will be able to plant on land roverted from wheat, corn, arid cotton,
Trading volumes and open
July 10% (£)"
Bent.
Dec.
Mar.
London, June 21, Tin and stopper were steady interests in the Exchange today Corn. No. 2, yellow dealers talked con while zinc was easier. Metal
Prices wero: fidently of firming prices over the next few months. After two closed today in sterling per long Month
"Huyers Seller Dec. days of confusion over the Gov ton as follows:
London Foreign onument's policy of buying lead Tin spot
Exchange
New York
Montreal Amsterdamn Blocked Mark
bur Drumcla Copenhagen
London, June 21.
231-13/16-28174
2.2015-2.7576
10.02-10.83 TE-7/53-13-9/31 11.7492-1034316" 14044-14043
Oct.
Spot
Volume Open interest
July
37.200 F00.000
Sept.
Dea
14,000 205 500.
Mar. ik
32,000
384,400
272,000
Boyboxas, No. 2; -yellow
需
May
10,300
214,100
Bpot
3840
July
1.000
97,000
Oct.
2,800 20,000
July Sept,
M
Doc.
Nov.
Totn
Jan
2011
Harley
NEW YORK PRICES
New York flour, 300 30
anck
New York, June, 21.
› Prices of cotton futures closed today as follows
3-month and zine for its stockpile, it
Copper spit-
3-month was announced that purchases would be made "at the market." Lead unt Dept. The long-term stockpiling pro- Zine Juns Dept. gramme cavisages the
mineral
-United' Prosti of 30 to 40 metals and
NEW YORK FUTURES zinc price Copper, lead and have shown indicator.
Now York, June 21. indications
Prices of metal futures closed atrength after, long intervals svrakness. UB/deward had today In US cents per lb. as
of
Lead
demand follows proved of
late; foreign continues at good levels and
Designers at. Saunders-Roe; where these self propelled models aro used exionálvaty, describe them as "very much
Paris. Zurich rocket-propelled alt more than toys"
**United Press. The British nirworthiness | craft, similar
thore, flown
'the'
All the authorities are Insisting on this by model "biretift "enthusiasts,
models are often, theled NEW YORK EXCHANGEE
New York) June (213) twin-engined safety factor in all aro, helping British designers at Elmew of the day far removed. | kngland.
Apie showing programme
FALSCHENS ME-tone of! Helicopters designed for future to plan the shapes of fiying from pidytintoul to get m airline hervices operating : to bowls wild water-based dighters clontly takm) Bear for instance, (elty centres.
telala pornellmes begin of 4 sum.“
of the future,
Belgium ay Uruguay
of imparting
// to... Coverall market conditions, dealers in Copper Juns
istUnited Prosseria
400
900 110,100 1,002,400 bales
Mar. United Prom
Exchange
1