Page
This
THE CHINA MAIL, TUESDAY, JUNE 29, 1954.
picture of Britain's new glamour plane, the Vickers Viscount turbo-jet. Half The orders for more than 100 of these planes have come from overseas airlines,
VISCOUNT ORDERS PASS THE 100 MARK
Increased Production Ordered
Viscount orders have naw truped the 100 mark and to meet the sudden heavy de- mand for these turbo-prop airerati, Vickers have announced an inerrased production rate. Later this year, the turbo-prop will be rolling off the production lines at the rate of five It also tells This week's "round-up" tells you of the Vicker's achievement. a month
This Nimulator you of a new light simulator developed by a British Army, Air Trainers. is different from any other type of earth-bound trainer used by Twitish airlines for crew. Training-
climbs when the pilot pulls back the stick banks, dives and rola to give trphing a new realism.
high-speed wooden Another interesting item in the "round-up" deals with glider being used to train British Ack Ack gunners and radar operators in the technique of
The "round-up" is a weekly China Mali spolling and shooting down enemy jet bombers. feature and comes to Hongkoŋk by air-mail direct from the London headquarters of Rociety of British Aircraft Constructors.
While he Is dubig
Ba Dovement
What is
11
bew
the
Now
this, the that
The targets are towed behand an order for
meroft i yowing and rolling hyh-speed fug a hex. P usually Air Viscounts by Butler
They can take and Motion Towards the dearl engine. Transport of Australia has the usual fixed-bas Trainer land en 19 ans, That a ki
The total of firm here in brought the
and length
Take-of required depends on the tug, but is not orders to more than 100, Kommation to waru him
less than 1,500 yards, between Vickers has decided to in-happening.
2,000 and 3,000 yours is ideal. crrase its rate of production
Take-off 13 psible in e- winds of up to 15 in.p.h
have The Langets be rupable of flight
7 or 450-500 m.ph. at Mach.
at Hurn. Hampshire.
value
Total
of orders VIS- for the atrendy reveived
amounts to £27,- count ulotie 000,000 and more than all of the water.It will be exported to operators overscos. Orders ter
a further 50 Viscomals are now being discussod
present
1s
Production poxunately two aircraft per month, but thus will be stopped so that by progressively November 1954, Ave Viscounts at month will be coming off the Jux
J
Even this
suffici
rate may not
be
if new orders
con-
time to flow
11, so expension has been planned to allow for The delivery of up to 100 air- Craft
a year.
TAC
The Canadian Government bus placed the Brst order for a new British ground trainer for type twin-engined pilots-a develope. from the sinu}l 'Link' on which so flying clas› Cooms many pilots trainod in the last
wir.
The trainer is the AT 100 built by Air Trainers. It has all the ebaracteristles of a modem twin- engined airliner but of course can be 'down 24 hours a day in all weathers.
These
ground becoming an essential part of the Cquipment not only of airlines but also of Hcensing
AT
other
trainers
nre
Government authorities such
:
the Canadian Government- which have to assess a pilot's ability at Instrument flying. The 100 is unique in that, unlike airliner (rainers, actually moves-climbing when the pilot pulls back the stick and so on.
The AT 100 has #ide by side seating und dual controls. simulates a cruising speed of 186
11
100
therofoje nek The AT much
Lr more realistically $111 emergency "emergency' — an which has been produced by thr
who astate er
can produce on
Gloster's New
Test Pilot
London, June 28. Wing Commander it. F. Martin has been appointed chief test pilot of Gloster Aircraft
succession lo In Squadron Leader BILL Waterton. who retired
from tost flying.China Mail Special.
engle failure or start up a 60 m.ph. wind at will,
height,
KFD has Aptect brake to
proved to In
ו זון
purneluste
TRADE and COMMERCE SECTION
Tension Over Wage Australia Told: Federation Explains
Deadlock In US Steel Industry
New York, June 28.
Tension mounted in the American steel industry this week as unlon negotiators rejected employers' wage offers.
Without minimizing the seriousness of this new turn in the negotiations, there was some confidence that even though final details of a new pact between employers and unions might not be completed by Wednesday, the unions might be willing to accept an extension of the old pact pending further talks.
Hedge-buying, against o
steel strike has been negligible, and many observers see a favourable sign in the absence of nerimony in the current negotiations and insist that a new contract will be worked out after some further adjustments.
creuses.
stanco,
un
new mar-
Lift Trade Restrictions
Bydney, Joss 28. A_Government-appointed Trade Committee today recommended the removal of all remaining resizio- Home on the Import of goods with the exception of those
from the dollar area and Japati.
The commiten suggested they should be removed next October ~ two Rad' a half years after their in troduction to preserve Australia's dwindling over- acas currency resorvés.
The Government has been progressively relaxing the restrictions since April last year.--fleuter,
HONGKONG STOCK EXCHANGE
Why It
It Bought Singapore Scrap Iron
London, June 28. The British Iron and Steel Federation today issued a statement about the raising and towing to Britain of part of the King George V floating dock at Singapore.
One British newspaper had alleged that the operation cost British taxpayers about £300,000. I said the British Iron and Steel Corporation, which had carried out the transfer, Government subsidiary."
The statement suid: "The British Iron and Steel flor-
Was
porntion is a crutral NEW YORK
mir-
chasing body met up many years ago by the fron mut Steel Industry to purchase raw materials abroad. It is a strictly commercial or- ganisation, a priyate com- jany not connected in any way with the Government.
STOCK
MARKET
New York, June 28. The Wall Street rum ur "At a time when the world's factory put E. 1. Du Pont scrap position was particularly Nemours comnion stock up
pur- Corporation ferrous SCTOP
Rente, chayed undi
the
21
abroad 5 points today to over- very properly did overy-shadow other activity in thing possible to secure supplies generally higher, moderate-
of the steel 1815 of one
industry'a y active market. vital raw material,
Some American steel mills | over the 101s of somo of are talking about a possible their foreign markets. For in- price increase for their pro and American exports, in some the clash of European ducts to compensate for
(From Our Correspondent) South American countries has additional costs accruingapparently created
Busincrs un M13 Stock Ex- from possible
in-ket pattern for US exporters. wage
chunge la morning mounted They seem to be concentrating to $540,480.10. Nour quotations
specialised products,
thend the mung's valings:→→ Meanwhile. US steel makers, Journal sati. These include already hard hit by reduced such products as stainless steel, SHAREN BUYERS BELLENS SALES domestic demand, appear to betin plate and tubular manufac-BANICS losing their overseas markets to tures, as sales of the common an aggressive and lower-priced basic types of steel and a few Europours steel industry. The finished products continue to be noting taken Journal of Commerce, that US steel exports dropped last year by about 30 per cent, found that the six nations of the
steet European coat and munity (Belgium, Luxembourg, West Germany. tuuly and Holland
have expanded exports by about five per cent- from 9.3 million tons In 1952 to 9.3 million in 1953.
F
In 1052. US steel totalled
com-
export
4.7 million tona. 1953, only 2.3 million tons were with shipments this exported. year continuing to full.
Annie: steel S: far, makers are ni teo excerned
Undriwillers over by competitors -
| European and local.
industry
HK Bank Eat Aria INSURANCES
Union
1070
$15
470
40404
070
Lombard
SHIPPING
.. BOIS
Waterboat
DOCKS, ETC.
Dock
br
10
15.30 Provident (0) 12.30 12% Wheeinck
CAR FIRM MERGEN Elsewhere, in brief: With the auto og Increasingly competitive in the face of mounting stocks and reduced demand, Stude-LAND, ETC. baker and Packard, two of the oldest car markers, merged this
week. The "Big Three-Ford, Chrysler- General
and Motors now Ave
05.07 totul production this year.
cornered
new merger completes the
TIK Hotel
RK Land
Bhai Land
Humphreys Realy
of The eyele UTILITIES"
other Industry mergers. Studebaker turned out only 1.48 per cent of current production totals. Packard 0,68 per cent,
"chute New York Cotton and both companies inst heavily
horten the igniting
1%
IL. run. This carried in central pod unuler There is a delay the tailplane. mechanism to stop the parachute from releasing if 11: turgel the Junway on bounces along take-off.
The parachute exerts a pull of wheat 1,000 1, which brings
target to a standstill about 50 yards.
the
A
in
Market
the
In the first quarter this your.
The
report this week by Ainerlein Cancer Society link- ing Algarette smoking and cancer put tobacco shares under selling
but elgar pressure this week.
the Society'a Issues firmed on
cigar suggestion that pipe and
be less
New York, June 28. Cotton traders today resumed where they left off last week and all attention In a practically busy market contred on evening-smokers
its the expiring susceptible. up operations
July delivery.
appear
to
Trum
Star Ferry
"In 1961 when the Corpora-
Rumours circulated Anantal
community
In the
that Du be split-
tion secured a half portion of Pont shares are to the Singapore dork, the world that the company is planting to distribute ls holdings of
scrap Waa
for ferrous price
£25 10 £80 per lun and the this Vast of bringing
Was
7.40 1.50 200 me
7 Jér
CONT
145
1000 *
7447
tairt
1000
7 45
weight of metal to Great Bri-
fron Singapore laken into account
0.20
100
190
EL 03
2000
D
50 100 BO
800)
381,
GREAT SIGNIFICANCE
"The delays entailed in this intricate and complicated 18.20 in 60 500 10.40 manoeuvre were fully appre
1.40
2 2 10
cluted by the Corporation's 21.00 27.00 500 - 27.70 | sulvage department and by the
1200 21.70 experts in the Salvage Depart
120
shares
of
20,000,000
General Motors stock.
As the talk went the rounds, Du Pont jumped by paints at a time from its Friday close
$120
new high $1432
of
2
to
of
con-
Д
Dy for
H 1514 polut Bain which added more than $700,- 000,000 to the value of the 45- 454,287 shares of this chemical stock.
The The spurt in Du Pont tributed heavily to a $3.59 goin in the industrial average to C. Light (0) 18.40 18.00 2000 or 15.5ement of the Admiralty. It was
new high of other performers- 330 15.50 understood that, however long both in and outside the group C Light (N) 125 12.40 104112.60 the operation took, the scrap
used in the averages. 3014 Execirle
31 1140 31 Usage of the half portion would
Rails raso
modest 35 cents Maceo Electric 1012
still be of great significance Telephone
on average to the highest level #7 NOD 20.70 20.00
whenever i became available.
since October 20, 1930 with a INDUSTRIALS
Coment
"As scrup ... 10.30 19 500 18:30
can be charged
of guin 2000 10 40 straight into the furnaces, thus Pacific featuring.
points in Union. STORES, ETC
saving the cost of coal needed Dairy
24.00 23.10 1000 23
Volume did not expandi the ordinary Watson 10.10 10 300 301 to smell fron ore,
100 - 32.40 1 Crawford 2215
prices rose and turnover commercial risk was fully jusli-
The session of 1,890,000 shares COTTONS
Textile Corp. 71% 7.05 3000 7.40 filed. Many thousands of tons of
was 170,000 shares below Fri- 38 good steel scrap will come from
day. the part of the Singapore dock
Out of now being broken up at Troon
a total 1,175 issues in Scotland and high praise is traded, 447 were higher, with 80 Au to the men who hava 1 new highs and 444 lower, carried out a most difficult with 15 setting new lows. salvage operation,
US Gypsum spurted 714 "The final cost of the scrap polits to $100% following a obtained is to line with theweek-end tip by a radio com- world price of ferrous scrap,
Unlied Fruit, tower mentator. "The continuing recurd output last week, recovered 2 points to of the steel industry is due in $49. large Singapore, June 28.
the part to
foresight Steel and molor shares were The market steadied during shown by the commercial buyers enctionally higher.
have
The New York Stock Ex- for cher bond volume was $4,800,-
MISCELLANEOUS
Youmett Yangtere Allied
"
PIPES FOR WOMEN
United States. Across the
report small boom in cigar and pipe sales. One major distributor is
140 147 500 140 035 3.80 3.0 2000 3.825%
planning a dainty pipe for Singapore Rubber
New crop months continued to show an overtone of firmness tobacco dealers now
BG Traders awaited Congressional action on the fanm price support Evening News-legislation, plus foreign political The London The pilot under training
developments and the Kovern- paper. The Star, rade the follow- elimbs into the AT 100 from the
ment acreage o timate on July 8. ing commen: on the landing of
Trading back and whiks forward to the
volume and open large compartment. Full flying the first helicopter at the South
interests in the Exchange today and engine instrumentation and Bank heliport: controls are fitted.
"With the landing of the first radio helicopters at the South Bank There Is an automatic compass, manual loop, manual heliport-Londoners saw the in- tind automatic rudin-rangeauguration of a new era in the
Flying Age. equipment, DME and ILS. short, the AT 190 is capable et
realistically, reproducing
th of blind-flying and full range airline procedures.
For The Future
within a year
or so there will be a regular BEA helicopter s:rvice between London Airport 14 miles away and the heart of the world's largest city.
"Hitherto nothing stood in the way of this development except Experts nt
safety regulations Air Trainers in set of air believe that realism in ground designed for pre-helicopter days. of Civil Aviation trainers will go even further in The Ministry
to strike the the future. Already car-drivers have done well
in a trainer ishackles off the helicopter, a are being taught where an externat landscape of machine already in regular com- a road is projected on a screen mercial use in other countries. Outside the trainer. Future pilots may learn to moke proach and landing on u way screened in front of him,
Dusk and poor visibility can be reproduced. It will there-
ap.
"There should be no doubt run-about the financial success of the big once the proposed service multi-seat models are available,
from airport
421.00
woinen, reported the Wall Street Journal. Pipe dialers
report that sales are three times greater since the Society's cancer velations.
were?
Month
Volun
Ouen loterex1
July
70.100
153.000
Oct.
41.500
378,300
Dec.
44.200
Mar.
4.600
317,OU
MAY
26.200
249 400
July
0.400
Oct.
4,103
Dec.
1.800
Total
248.200
United Press,
1.585.700 bales
cedure,
in Congress Introduced
John F. Kennedy Senior Massachusetts.
according to a
bill by
of
2,100
NEW YORK PRICES
New York, June 28.
closed as follows:-
Market
The American Stock Exchange volume was $80,000 shares. United Press.
whD The US Government will be
with sellers reserved. and their advisers able to take a measure of relief the day
proft-taking bought steel scrap abroad which There was some for American industries are able to prove damages from towards the close on rumours Great Britain during the past 000.
or eight years."-China' 60- that Indonesia wilt sell rubber soven
Mail Special. foreign imports under the called "escape clause" pro- to China next year.
Future closings were: No rubber per ib. July 07-07%
Aug. 07-67!, Sept 07-07 No. 2 rubber per b. July 60-60
05/4-0512 No. 1
was done in the local 0415-03 404-67 unofficial exchango market £ 0315-8415 morning at the following rates:
US dollar (per st)
An identical bill will be in- troduced in the House, and is
Prices of cotton futurça today designed to compensate Amari sulter from can firma which
concessions granted imports under the reciprocal trade ugree- mant.
Spot
Ju
Oct.
Dec.
Mar
May
July
Oct.
Dec.
34.70m 39.40
33.99-40
34.18
20
Total imports of crude oil and products rose sharply in the
Exchange Rates
Business
I
DOW JONES AVERAGES Dow Jonte
closing averages
on Wall Street were as fol- lows:-
No. 4
Spot rubber unbaled Blanket crepo No. I pale crepe
to Industrial
*** 70.no
-United Press.
B.TE
40 calls
Sterling notes (per £1) Indonesian rupiah
1367
13 utiles
(per 100)
19.50
05 stacks
NEW YORK MARKET
Blam ticals (për 100) Singapore (Strals)
71.30
10 bonda
New York, June 28. Rubber futures today closed
Indo-China plastres (per 100)
week ended June 18. Total 15 to 25 points higher with sales imports averaged 974,000 barrels of 108 contrats. dally, a boost of 21.9 per cent 33.29b -United Prom. LIVERPOOL MARKET
Early strength in futures, re- over the previous week, Mean-fleeting Armness of the primary
of while, the Bureau Minos re market.
The spot market remained dull PENINSULAR ported that total all demand
barrels throughout the day, with bityers 7,834,000 averagod Liverpool, June 28.
per and sellers constantly cent Closing pricos, American daily in April, down 2.3
carlier. In-pport in their views. Spot No. 1 middling colton, 15/16 inch, in cout froth a year pence per lb., were as follows:cluding declines of 24.1 per cent Res quoted at 234 cents a in exports and 0.8 por cont In pound, nominal. Future closings i domestic demand.--United Press. were: 31.350
"All air travellers will wel- tore be possiblo to almulate a come the end of clrcumstances cplete bad-weather approach which, on the Paris route, make by bringing the pilot out of the journey time
Oct/Nov. Dec/Jan. almost as long as that m.ph. at 10,000 lb. a maximum cloud at low. height for a land-to hotel
Mar.(Apr. speed of 320 m.p.h. and a ten- ing on o wet,
barely-visible spent in the airliner.
May/June ... runway. This system
The the high cost of plist training,
level stalling speed of 100 m.p.b.
movable? is it
roduces
of the movable which is particularly important Must Be Less Noise
Trainer, which gives the imp make the grade.
because some trainees may not Reductions sion of climbing, diving,
and banking like
"There aro a in the cost of training lead pitching
still problems to in be solved and much work to be real aircraft (it does not loop eventually to a reduction the loop) stem from the fact fares, so that in the end the done before businessmen
that a large part of a pilot's passenger benefits. renctions when he is instrument
#tude.
can
ring for a helicopter seat as they would for a taxi or an airliner booking. It is to be hoped that all concerned will now push ahead with full speed.
fying are based on his physical
sensations of the aircraft's
at-
**First Small wooden gliders, towed tions when Dying blind', but, through
projets,
Of course, the pilot is always
taught to ignore physical sensa
31.22
Onicial prices for spot cottons, are Dil unchanged today United Press.
LONDON WOOL TOPS
London June 28, Wool tops market closed casier. Turnover was small ut 30 lots. Closing prices were:
1834-1841, July
an easily accessible the air by high speed central sito must be found for a are being used to train permanent heliport, since that at Try control in British Ack Ack gunners and South Bank will eventually the cabin, a physical sensation radar operators in the technique required for building. fa his first wrning of a change of spotting and shooting down
when he is momentarily occupied with more
in attitude. He notices at once enomy bombers.
that something is happening something which may call for urgent action,
Engine Failure
14044-160
1471-145 14-144
143-1431
New York Sugar Market
21.01 23.80 21.00-02
July
September December 2 March
May
24.40
21.00
-United Press.
الافعال
LONDON RUBBER MARKET
London, June 28.
The rubber market was steady
June 20
330.12
114.11
58.01
123.34
100.72
176 Comm. future price lodex £70.31 7.18
-United Presk.
& ORIENTAL
STEAM NAVIGATION COMPANY
R. M. S. "CORFU"
New York, Juna 28. World No. 4. rugar futures closed today unchanged to 3 with No. 1 spat tes quoted at SAILS: points lower with exles of 213 10-15/10 pence per lb. Prices:
No. 1 Rešpot 1... 1PIL-20 contracts.
Domestic No. 8 sugar futures Bellement house termi
Auz. to 2 points Hept closed unchanged
with sales of:110 con- OdDec. higher tracts
Apr/Junn World futures were quiet | General marketa,
domestic
held | July sugar steady in a quiet market. Future Sept..
idy-while
1891-140 18-139
JETAMET,
Heptember October December.
be
T
March May July "September
October
Aug.
closings:
2
-Uailed Pres
NEW YORK TOPS"
Owtember
Contract No.: 4 (world) ok
3.18
និព 9.10
There is also the fact that hellcopters hovering overbænd
To make the towed wooden will undoubtedly - add to this, gliders show up on the radar nalso of elty Iffe. Belontlata screens they are sprayed with a should be tackling this, mond," motal Anish and Chavo radar | Surely some degree of polom reflectors mounted their reduction can be devised.
wings.
on
130-150
January March May New York, Juno 28.
Jul, Wool tope closed today 8 to 10 apot (cen
Küpen int paints lower. Future ofosings. WOTO: July
Today drante vividly point The towed targeta-male", by the way Maguna, horpe helicopter. This is particularly true in the case of engine failure in nithe RFD Company--are con- is no longer a nepelty to around twin-engined machine. As soon structed of resin birch plywood Jokes about the pews, propping as the engine fails, the plot aborig pine structuronin down on the bac# - krops, every aught to closo the throttle, appearancó they are twin- morning,Something like that feather the propalier, switch off bone alreraft with three tail goinklo' become an overyday. petrol, igaltion and boost pump.fine.
fosture of our lives.
2003-traded
Rod, traded.
1916-20
FB15-25
20-2011
2012-201
20-201
oif, basis, ports:
19-17/19-193k
enope, thin sy
· 19418/12-10-10/ID United, Profa.
NOTICE TO PASSENGERS
BAGGAGE:
Friday, the 2nd July, at 12.00 Noon for the UNITED KINGDOM vin Straits, Colombo, Bombay, Aden and Port Said.
Passengers are requested to add ALL BAGGAGE to the Hoptong & Kowloon Wharf Co.'s Gown, at No. 8 GATE, CANTON ROAD ENTRANCE, by noon on Thursday, 1st July, 1954.
London Foreign SPECIAL NOTE: With the exception of hand packages
Exchange
EMBARKATION
carried by passengers themselves, ALL BAGGAGE must pass thro the Whart Co.'s Godoyri for londi on board by Ship's alih;
Passengers should
0.90 and 11,00 /R/m. 60% 2nd