OUR WEEKLY AVIATION NEWS
THÉ CHINA MAIL, WEDNESDAY, NOVEMBER 10, 1954.
Pago 9
TRADE and COMMERCE SECTION
Britanes latest fung taupe submarine-hunting aircraft, the Avia Shackleton Mark f[ which is now at prodretion for the Royal Air Force and die South African Air Force. It in a developmurit of the Mark Had its range is extended by additional foet storage, and other refinemeals are intended to mfululise erew fatigue. It has a tricycle undercarriage. -- Central Press Photo,
HAS THE PROPELLER A FUTURE
IN
THE JET AGE?
Now that the jet age
se blude I travelling Laster than sound although in aviation is an arcom-
auroradi to which it is fitted fact, because fyng at subsonic speeds plished
bombers and fighters, even the first jet air- the supersonile propeller
Gene
Uy
What's Been Happening Pakistan Provides
In Germany These Years?
London, Nov. 9. With Germany now a Western ally, the question is being asked: What's been happening across the Rhine these past few years?
The answer is that prosperity has come to Germany just as
38 to neighbouring countries.
much
Her industrial production rose by over 10 per cent during the year ending July last.
The acute postwar housing ! But of these, about halt presbioma hum been radiently not suitable for full-time ensel, More than 300,000 new ployment. And there is a Giz dwellings were built last year Bulle shortage of skilled labour and other 850,000 to 600,000 in certain industries.
expected to be completed
pro
in 1954.
COAL OUTPUT
Her coal mines now meet Hard ali domestic demand. coal production for the first half of 1954 was just over 86 million lons and this out- could be stepped up pul considerably if required.
Unemployment
slashed
UMS
Suderge last
F
LIN
Maray of
month for 1F
the anti- terrorist campatga
The world's Mond
Beets whabang will be racing ngamel each other when the scisca po 1 the Antarctic in the New Year.
Speed Is GRCINALS because Long costs
bffset only
21018
Work PERIO
Items
lak. 1v
wali
De predantnently:
liners are able to cruise pr at spreds of about 500
ין
Fay to shrinkunat, M (2 diner bleves that the Kada od
་
aph, the future of the application of the propell propeller miga well be still widerung. Ils ne på tele
obscure.
and
12
1:
erval thought
Mrrutt
for speed up (1. ('. Į. Gardiner, ph
8 label, offers advantage
nyms Director and Chief En-boats, naval, and constal deden e gineer of the Havilland aircraft where
citraner is requdert 11 may ala Propellers Ltd, seeks to become setterally accepted
propútsave dayan
Let th
1* hove
HENTAI
e) Listi
Pro
Lx
by watching the some rutuber of
hales in less time
Brady
..f usting thest belcopters--the burgest ever to operate in the Antarette.
T compete with them Japan hu serretly built the fastest- yet whale calebers They oper
speed of nearly knots
++1
manpower,
ת
FC
Not yet burdened by Carronment drive with its claim money, arch materials, Germany has been able 16 throw
all her rising strength into Industrial pro-
duction for home and export markets. As result, she has -built up a furge surplus on her foreign trading account anch virtually eliminated any foreign currency shortage. UN
Cretain qualifying however, have now emergert.
been
to than a million
GATT Will
Move Into
"The Grove'
เฟ
factors,
Germany is fuck the t|-- mand for higher wages for the first time in some three or four years.
Kranted, as RECITIR likely, these will somewhat dis- turb her stable production cost. levels.
IMPORT ATTITUDE
Her strict attitude towards to be imports will have relaxed
this
not eventually to threaten her current rate of exports.
Among Germany's most macked development projects
Georva, Nov. 1. GATT... the General Agree met e Tariffs and Trade-is 20 Ekely to be nude a permanent Centere of international Porn- Aristotle Onassis, Th
mmerce before the current talka Fulltonaire tanker shipowner, is end in Geneva next February has been the enlargement of put the question in per-icopters, if the current tren
ako to enter the industry this At present if is only a temporary her all industry. This concerns
with his huge factory
rangment. Foresha.lowing the boil her crude oil production spective.
of the Ont
THE
gels by provide
Diymple Challenger.
move, Swiss workmen are al- ing a wing to unfood the rotor İtuisia,
and refining cupavity. Her cur- Holland and Southrendy repair villa struding controversy between the
al in fight
running Africa wil
be sending ite #10
rent output is several acres
wooded bren
record level of about 2.7 million ted expeditions. advocates of the jet and peters
gardens which has been leased EO
In the form fur p
annually. jauunter-rotating
for the new GATT headquar-
future a yearly output of lers. It is near the International
least 3 million tons is expected Red Cross,
as the result of present inten- ៩ve
annual exploration. Her refinery
capacity has rocketed from its prewar level of about million tons to approximately 11 million tons. About £60 this million has been spent on
and expansion, in which US. British interests have partiel-¡ puted.
the propeller, he writes, pe vertical take off aircraft, there has emerged the and it this type of aircraft realisation that
to expeditions. the development: ou the sex v propeller, allied to the be experfect
Turbine engine, is pre-
for
eminent duties.
W
w
comes into general use, further
certain
In comedtasions,
paverden?,
Mr Gale ne poate out, that the Î༔t ༢ཎྜ rt॰「▪རྩྭ
Power The Belter Types of mit - patan 24 latively
131
M.
It now gosta nearly £5,000,- Dog to binbi a fuctory ship and mos than $1,500,000 to equip
avoitt Bristle collision The villa, named "The Grove"
civil pilots its only decupants now with jet fighters,
aro ked to give at bals is so dilapidated that lave Teen Test 1,000 feet of armee wha will take six months to be put they fly
Ide. above or below cloud. twice the normal
THE
ramatice.
It will also need a
length of new road to connect with 1: Polnis dis Nations, in pointing out the risk
U. N the
headquarters in collision when dying
Geneva. al only
This work is being above in below. cloud,
carried out sop
by the UN The Majorby of timil Aviation andharities. have indi prots that lighters to club or descend
al
reason to sought that for first-cles
pusenter lights arumve 300 inph, the paur jet
most cultatele form of jou put on a the turboprop looke Jmake toobling its own on imitesi quone than 3,000ft. a minute
where very lung cage i p
may have as little as 10 seconds xibility of opetutash are dee in which to take avolding action
180 well tander.
on_emerging from cloud, relatively untouched
of
Now,
Bras Brady pant
2
Viker
red the red pomize
Stato Bratania,
INITK bowa bey the
te evidetu
lealy
That the gullet power pland freighting
14 also test her fat awal. Aluff this is p
Pitch Control
Advances
kelet
יניי 31
at
A new frash at temuent sper trunseler, has been produred fort the examination of noise
00
The Minstry point out, too. that similar circumstances arise in "controlled nir-space" when an aircraft Bying on struments through cloud лау It operates by con- be told by the trafle controllers verting sound intu vwible form to climb or descend.
that na palavde-rav tube,
problems
the noise is seen hke the ult
haver of on aircraft's echo in a endar i
The spectrometer is made by Salford Electrical lustrument5 Lad
71 B codina proweller on set, antizadel ver, atike dave han1 - bm, and, Mh Ganbner states, system of air control
opeller pilch for ground un Jung is being developed. Th will amplify the handling
Int'l Agreement
It could
then
un-
£'s Purchasing Power
London, Nov, D. Chancellor of the Ex- chequer Mr R. A. Butter Bald today the purchasing power of the pound sterling last September was 18 Dd compared to 20 In October 1961. Untied
Press
HONGKONG STOCK EXCHANGE
(From Our Correspondent)
Incentive For Foreign Capital
Karachi, Nov. 9.
Pakistan has announced additional conces- sions designed to provide further incentives for foreign capital investments in Pakistani industries.
In note released today, the Government suld that [Ly enpital invested in Pakistani
Industries after September NEW YORK
J.
1904, in Government-approved projects can be repatriated any Ume thereafter to the extent of the original Investment
STOCK MARKET
New York, Nov. 9. Stocks climbed to further
In scleftsess, Buy profis derived from such Investments and reinvested in approved In- dustrial projects may be con- sidered as investments for fle purpose of repatriating profits. Business done on the Hong-
The Government Also kong Stock Exchange
said new quarter century higha This to 5470,- that if any undertaking should morning amounted
today, be nationalised, just and eqults prices, was the big market volume, not 619.40. Noon quotations and the
able compensation would morning's transactions:
paid to foreign owners. These newH. BHARES BUYERS BELLERS SALES | payments would be freely
mittable abrond. BANKS
HK Bank Foot Asta
INSURANCES Union XD Lambd Bender writer-
119201
200
14
ま
47
210 38
DOCKS. KTC X Wher Dock
0:1
2440
LAND, ET
=
*
1135
אא] נ.
7:
*
320 24
500 24
24.30
24.10
༄༅ཎྜནྟཱདྷ༤དྷའངྐཱར
rp-
*****
but
Fast um falou dealhigs at the opening and enrrying through the
hour lift early turinver to the bed level in nearly to yours. Pries moved higher. in
00 PER CENT
Foreign capital will be permitted to participate Pakistani enterprises up to $0 per cent of tolal Invesi- menta in certain approved Industries, the Government anid.
whs
to
The previous polky 240 permit only up to 4 per cent
485 participation.-United Press,
Provident 1011480 14,90
12/1
4300
14.00
Wheelock
776 703
B 21.1021.30
13.40 13.60 3000
PO
13
2.10 2.123
13. 10.00
ISIC Hotel Ik Land Humphreyn
Rrally
I
UTILITIES
Tram
Star Ferry
i
134 135
Yauma Ferry 153 150 100
104
400 or 184
C Light (0) 10.30 10.40 1200 18.40 C. Light (N) 13.50 13,40 – 500 og 13.38 Electric
34 34 1000 or 34 Macao Elec 11.20 1000 or 11.30
INDUSTRIALS
Ceinent
Appe
STOKES, ETC.
Dairy
COTTONS
34163424
-+
20.10.20.20 300 a 2020 17.00 17.80 1144 17.00
L
Wation near pt
Crawford 24.50
莆
Textile Corp Nanyang
7 1600 4,05
10.40 1015 3000 1770
10.40
casc
Germany also has become the | world's third largest motor is centred vehicle
and the At present GATT
manufacturer in a villa aited in the Botanical third largest exporter of such Gardens. But the city of Geneva products-hended in each wants to turn the quarter into a only by the U.S.A. and the UK. In the first half of 1954 sho motor 130,000 exported over vehicles (more than 40 per cent of her output and a higher proportion thun in any other country except the UK).
museum.
Dollar Hits New
In Brazil
High
to a new
Rio de Janeho, Nov. 9. The U.S. dollar skyrocketed record high in terms Bruzilion currency in the free confilet with foreign exchange mirkel today. It is particularly suitable other axoplane which,
Climaxing a steady five-day for testa on jet engines heenuse known to the controllers, might
above climb, the dollar sold at 71 to 72 cruzeiros. Banks bought uff its high frequency range. It be flying visually 500ft. The can also be used for measuring or below the cloud,
So, until international agreceruzeiros at 70 for the dollar. the vibrations in turbine blades,
ment can be reached, pilots are and in frequency analysis.
In consists
nsked to give an extra บ! two units) In revolutions
unit unci its
clearance. power (neersary for gener-display
bur supply. In the display unit the etings and discomfitioning pur-
purly of the sound ord wat
Component at the same
wave are shown as a series of vertien? Uncs, the height of each
Origines
groupe
high
treasured
and aircraft Di
ev
permitting The Ne
Pulating speeri
ז'אן
time give poalive and sensitive enntrol, thereby greatly facilitati ing the taxisng of aircraft and flying-bout
T
500ft.
It will greatly reduce the risk of collision, say the Ministry.
A pile of US$4 million has been used by Bocing Airplane line being proportional to the Co. in working out preliminary
data component.
the Model 797 jet amplitude
for presentation The spectrometer is one more transport The modern turboprop, says example of the way
Bocing's in which airlines, Mr W.J. Kane, Me Gardner, achieves low fuel British designers
arc Lackling assistant manager for domestic consumption.
of the propeller the noise problem. By examin sales, told a meeting
อาจป
of its
on
efficiency up to 500 mph fighting the level of the noise Avinilon Writers Association in
specd in high so that the engine the spectrometer's screen, has operating flexibilty.
can
The turboprop in considerably necessary to reduce 11, biter at take-off,
und usually
better at elinating, than the jet,, and also has landing advan tages, The anise med by Π turboprop is largely due to the passage through the air of the
un
Ho they Washington.
J
reveal:d
was
altributed
credit
not
MISCELLANEOUS
Allied
Reporting tekers, forced to run fate twice during yesterday's sharp advane, tell behind for 2 ailautes. A majority of open- ing transactions involved blocks of 1,000 shares or more, with large numbers or 3,000 or mor shares,
World Cotton weighted
Markets
New York, Nov, D Cotton prices today continued lo give a lower trend on the New York Cotton Exchange.
the lows the Ust Closing on
losses of 2 points. showed net
Opening prices were off 2 to 4 points.
Trading volumes and open interests in the Exchange "to-
10.40 day were
Month Dec $20 4.25 G000220 Mar
Chicago Grain Prices
May
July
del.
Dec
Mar
Total
their
Sales of 3,240,000 shares were 60,000 shares abend of yester day and the heaviest since Aug. 11.
Пalls, with
average heavily hy Ex- dividends, closed a few cents lower. They moved up sharply near the close. Missouri Pocl- ile preferred finished 1% points higher, Texas and Pacific 12 higher
Utilities Improved a bit.
Out of 1,282 issues traded 588
were higher only 305 declined and 269 were unchanged.
Motal shares were among the strong spots, with Reynolds un 31 points, Kennecott 1%.
Steel shares moved narrowly. Motors avero virtually changed.
ULTI-
Oils were mixed. Goodrich stood IL in the tyres with a 2-point rise.
The
Now York Stock Ex-
bond volume change $4,710,000.
The American Stock Exchango volume wns 900,000 shares
United Press.
DOW-JONER AVERAGES
Mar New Orleans cotton fastures prices 64 stocka Wete sol received.
LIVERPOOL
Futures closings, American middling, 15/10 inch, in pence
WAR
Volume Open interest
100,000
200,000 11,200
10,900
$,000
302.000
0,300 100,000
7,400
400
380,000 2,787,000 Bales
Prices of caiton futures closed as
fellow-
Spot
34.65
Nov, D
Dec
Dow Jones
closing
averages
Mat
24.70
Chiengo, Nov, 0. Prices per bushel in conta:
Wheat, No. 2, red
May
34.63
July
on Wall Street today follows:-
were na
Spot
Closing price Nov.
2221
Oct.
21 Industrials
37LOT
Doc.
20 ra
124.01
13 utilities
155.34
honde...
100M
Dec.
2249-45
Commm, future price index
17227
Mar.
subject to confirmation.-United
May
Press.
July
Sept
Com, No. 2, yellow
per l. were as follows:
Spot
15105
Dec
Dec Jan.
J1.00
Mat
Mar/Apr.
31.63
May/June
12.04
1021
150
Oficial values for spot cottona
Include:
1281- $31
Outs
Dec.
Mor.
013-02 B3%-74
Soybeans, No. 2, yellow Spot
Egyptian Ashmouni,good/fully?
food
Others were unchanged.
Nov. Jan. Mar.
210n 284-28355 200-2001%
SAO PAULO
230
230KS 200%
Dec
March
May..
130-150
July
Sept
Dec.
While
has she
ver overall thr
risc in matched Industrial production that other
May countries July major manufacturing have achieved since 1938, there Sept. la timple evidence to suggest Rye that she will soon make up the Dec.
Mar. ireway.
[
LONDON WOOL TOP MARKET
London, Nov. 9.
The rise dollar shortages in Brazil re- sulting from reduced coffee ex- ports, coupled with government Wool tops futures market, re- May tightening bank
in on fleeting the wool industry's con- July attempt to
Sept. check inflation.sternation at the long-term
effects of the Australian dock Barley, ・・ United Press.
strikes. closed irregularly higher | Spot
Turnover and barely stendy.
New York flour NEW YORK PEPPER was heavy at 114 lots. Closing
200 lb. sack prices were: MARKET
New York. Nov. D. The pepper market ruled quiei Armer In tone today although the improvement was not reflected in any increase in buying orders,
take the counter-measures that the production of military and
and commerck versions will be the similar in appearance to prototype 707 "expanded little" and with a slightly longer fuselage than the prototype. Mr Kunc said that the projected Ahead of schedule, the manu turboprop version of the 707 is
now "dead." have delivered to
tho Helicopters and jet transports alrine of two Westland S-55 will not be in general I first
helicopters. This model of the use until at least 1980, Mr J.T.
outboard parts of the blade, and facturers depends roughly
on the speed of the binde tips relative to British European Airways
air. This tip speed is dependent
of the propeller, but also
aircraft's speed in low,
Indication that a, fair amount
signment remained unsold help- upper shipped here on con-
to increase the degree caution among potential buyers.
Spot Malabar
was quoted' 63
Dec.
Jars.
Mar.
May
July
Seni.
Oct.
Dec.
Jan.
Mar.
Moy
12312-129
-United Pre
of
Canadian Dollar Rates
New York, - Nov, 2 seliers buyers'
$1,03-5/32
1.09 1.031
1.01-5/12
LONDON LEAD AND ZINC
London, Nov. 9. The 'zine and lead markets were steady..... while copper was
not only on the ratnilunal speed wg-35 ettn carry seven passen- Dyment, director of engineering cents nonlna). Sarawak spot Trans-Canada Ain Lines, was 50-61 ccnis and Lampong 53 gere, and it will be fitted with for the speed of the aircraft, that near an airport, when the flotation gear so that, it can forecast recently. He predicted
that If alight
the helicopter will not pay cents a pound.-United Press. water safely on the required.
its way until then. noise level is also low. By
Mr Dyment said that the Jet due The second maching is Round-proofing,
and
the keeping down the propeller's rotational for delivery in December, and age will not arrive unti spoed, the noise level in flight the two will be used to maintain manufacturera appreciate the and operational a daily service between London bars, financial cun be kept at an acceptable Airport and the heart of Lon- facts of life and provide de- Jovel.
don, the South Bank site near signe pecordingly. Most airlines, The ducted fan engine, says Waterloo Station, starting in he wald, will not buy jote until economically Mr Gardiner, represents an] April next year,
they can operate pure jet and the turboprop. As can carry eight passengers with they can today. Pointing out or long ton as follows:
tr weight and fuel consumption baggage. The type is in service that the engine is the key to le between the extremes of] with tho
Mr. Dyment ob= | Copper spot, jie French Navy and the future, these two types, it is a serious nearly a hundred have been served that is requires eight to. 20+month competitor to the turboprop for ordered for the Royal Air Forco ten years to develop an engine
Load Nov long-range high-speed tranmik Royal Navy. A number of suitable for divi uso, white, air- poris. He mentions a 'superennie". 3-658 @ware Included among frames, can be developed and propeller, in which the greater forty, helicopters delivered to produced in two to three years.
intermediate stage between tho Other Vorsteris of the WS-65 close to the same flexiblity that
1.01-5/32
Spot: close
high low Future:
30-day 1.03-1/23 1.0314 90-day 1.02-20/20 1.02-51/32 5-month 1.09-31/0
tone; ntoadyUniloa.
July/Aug
American middling 10/10th mich 32.50 7/8th Mch 29.40 Mexican midding 1-132nd inch 34.05 Egyptian Ghia 30, good/tuby/
Rod
2001-200 Prices of futures closed
cruzeiros per kilo as follows:
$14.700 United Press.
London Foreign
}
Exchange
New York Montreal Amsteriain Drumcle Copenhage
Oxlo
Paris
Stockholm
Zurich
West Marke
London. Nav._f.
2.7034-2.7015 9.714-2.7112 10.02-10.027 130.5-1 90
19.43-10.4
2001-20024
00192-182
World Rubber.
Markets
Bubber
New York, Nov. 9, futures closed today 17 to 30 points lower with nales 42.45 of 127 contracts.
40.00
25,00
in
Deaker switching of May-Dec. contracts at 15 points made up a good part of the business done.
Realising by
buyers and hedgo selling set prices back from the early highs.
24.30
23.50
55.90
24.95
25. Da
tion
(In the United States the average price of 15/16 middling at 10 designated spot markets was unreceived. Sales of these centres totalled 17,039 bales.)—— United Press.
New York Sugar Market
recent
Dealers reported a slow altun -
in the spot market. Con- sumers continued to mark time, light while shipment offerings were
mui
a workable nloye basis.
Spot No. 1 Rss were quoted at 281⁄2 cents a pound, nominal."
Future closings were
Sec
'AMSTERDAM
New York, Nov. 9, World No. 4 sugar futures The market. Was quietly 14.00-14.587 closed today unchanged. No. steady. Prices in guilders' per 11173–1177)
1225-12ugar futures closed unchanged kilogram, C.I.F. December were -United Premy. to 2 polnis higher with sales of (as follow
LONDON TIN
Future closings:
118 contracts..
No. 1 rubber
No. 4 rubber
Contract No. 4 (world)
No. 3 rubber
No. 1 crepe
MARKET
Jan.
March
Market Press
May
por long tong town, sterung Exchange Rates 2716% per lobg ton. Turnover
London, Nov. 9. The Un market was steady, Spot and three-month. Both fell 14 sterling19 2718. nhid
was 110 tons and none for, cash. buyorn sallars Busthese was done in the local Closing prices were:
July Sept,
Marthi
this
May
July
1101
·Sept,
Nov.
Brot-(cents per,
Open Interest
Kooktirants.»
albed Fres
Eine Skov.
(per 100)
2.36 710m, 2.23 VIDETI
2.48 Morn
London
Spot-(centa por lb.
Tob Cuba) "3.12 Open interest. 3,120 contracts.
Contract No. 6
The Singapore and.
rubber prices were not recalvedi
-United, ProMI.
Now Copra And Coco-nut Oil
Now York, Nov) 9. Copra and co0o-nixt. oll, pafdes. today. remained, inphongna at $172.50 a short ton, and 12% cantar-in to pound, källorn, Wort? Coast, F