THE CHINA MAIL, WEDNESDAY, DECEMBER 8, 1954.
TRADE and and
OUR WEEKLY AVIATION NEWS
An Auster similar to the ones used by the recent Antarctic expedition.
Austers Were Great
But I Got In The Road
Two Ansters, which are
11*** 1 37,000
though the voted for ring
+
t
Mah 11. 2
ab of fiv
among the lightest and out 24,000 feet cheapest powered air- we und
2+24121 for
2
craft made in Britain, Seconite before the pa; bee played
3124 outstanding de
experartivesd only a sogght ihmine part in the exploration 27
trane. which
1
of the Antarctic during merande digh the recent expedition.
The tiny planex behứng to the Audit Al Fovee.
NATAS
They Art
1949-50
Its Bevel aught flac Marlan
www
J. Highter thats most fighter aircraft Of Anture
vinted the be alle
The fighter-bonaber With
Not wegian Swe ush ex
and were buteliased by
RAAF for the 1164 ex
110
This is the Australian Xation d Antarcti {*w*aje {s Expedition The Kesta Pan,
exploratio
ette was
roles,
ו',
I
The Cindi wall
enther tapemplo
Forty Viscounts
The forty indiang, Viscount dart yet to carry a small grotip | wirlinerz
114IMEN
which
1st
Hove Mpeltobertson ordered by Captal Mirtones. :l where they have eslabe | Washington DC from Vickers-
Free nonvent ba80
The Austers were the eyes'
espeition
ני
Armstrongs Ltd, will have the full support of an efficient, sup- | to-tate servicing system.
they begin opers 10439
perating Skapitons and with
Auster A team of experts from
safely – service. departmen
401
sk under na blage,
mudded the Kista Dan
12. Figh
2 t
10. bwww.
harle
Is the early stages
いや
11
Tatier feel by eight he finch half long of an per second A matler Cantel will be added abres Later for speeds up to
the
povil at sound
2.
COMMERCE SECTION
S. KOREA'S PROBLEM NEW YORK
Losing Foreign Exchange As Troops Withdraw
TUNGSTEN PLAN FAILS
Seoul, Dec. 7.
South Korea is losing at least $44,000,000, or the equivalent of some £15,000,000 a year, as the majority of the American forces withdraw from this peninsula, according to official estimates here. Most of the loss will represent the reduction. of garrison expenses.
When the United Nations Command had eight army divisions and the full strength of the Fifth Air Force in Korea, it drew the equivalent, in hwan, of 60,000,000 (over £20,000,000) a year. The United Nations Command used the Korean
the wages to pay
of about 150,000 Korean employees and to purchase locally obtainable military supplies.
money
World Cotton
Markets
New York, De:
Cotton Buburrs today furtun ed marterly in quiet alings
Activity zluckened us a primi ber of truders
pending the Government's taal
; ]/4 erup estimate es
morrow
The Bank of Koren provided haon eur.ney as "no advance er den and received settlement 20 dollars.
According to Korean officiids, the United Nations Command's hwah drawing from the Bank
Korea wil
Not exceed $24,000,000 cabout £8,000) 1165
"
This means 45 loss of absent. €12,400,000 in South Korea,
Reduction in the direct and indirect Troops assistance pro- Armints for the Seath K.
ROYAL DUTCH |
DIVIDEND
Londen, Dec. 7. Royal Boleh Petroleum Company deolared an in- terim dividend of 4
per cent in cash on the in- creased capital compartil with last year's 4 per cent
on the smaller capital,
A
A statement reminda shareholders that
follows the June
上
nouncement that in the future interim dividends would carry a larger pro- portion uf the total dividend than heretofore, hener no dednetion should be drawn about the prob- able size of the final United Press,
HONGKONG
STOCK EXCHANGE
(From Our Correspondent!
World Rubber
- Markets
Singapore, Dec 7
PAIN
STOCK
MARKET
New York, Dec. 7. An interval of unenthu- slastic selling today halled the rise in stocks.
The rubber market
The market opened strong and steadier after pening at lowernetive, with demand heavy level. There was little factory enough to keep tickers late for Interest and trading WE small scale.
on
a
Future clustigs wire
No rubber per i
Der
821/10-02/16
Jan
feu.
No 2 rubber por ib
Dec
No 3 rubber per B
Dec
No. 4 rubber per M
Der
Spot rubber unboled Blanket TEDE No 1 pole svepe
81 11/10-01 13/16 ungtasted!
81*4-8104
794-70
78-201 016-621 | 7495-1996
NEW YORK
Futures today closest 30 to 35 points higher with males of 188 contracts.
23 minules
closed strong and netive with another brief period of Beker lateness.
In between many issness gold a bit below their previous with netivity appreciably Bghter,
Rail stocks featured in a late recovery which saw a 110,000- share turnover in the final half Sales for the 3,620,000
hour of dealings day amounted
shares, compared with 3,000,000 yesterday.
Market men otiributed the strength to a number of factors. They noted that rails have been reporting improved evenings and a bright outlook with hopes for increused freight truffle with the stepped-up operations in the steel and auto Industries, Prives strengthened after 0
WASHINGTON NEWS mixed start on commission house
News
from Washingtin also forging a covering. pending was uncertain foreign
predominantly political favourable for the market with developments.
indications that the Govern- ment
Viewed 124
satisfied the market hasn't got out of hand and that
the
11/1
Dealers were accredited buyers in the spul market, presumably against up made SOVITU
moncy mangtes ore going weeks ago, and who become in-
น maintain Fitt skusy
money easy over the present replace policy. ment basia. Reported
Industrial stocks clo,ed spot market mutes included mound $1.40 on average and at a THIS! Buses done on the Hong-200 to 300 tons of three ambers all-time high, Calns of around a kas set Exchange this san- for February and March delivery puitk to 2 pohits in leaders such
to
De Male! t-> $1,386,724, at 201⁄2 cents # pand wth n.s Allied Chemienl, Union Noch quodatus and the ra
further buyers at thul price. | Carbide. Amertean Telephone, Smaller amounts of me sheets Bethlehem Steel, National Sleet, for Murch delivery were done Westinghous Electric. Scars.
cents with further Standard Oll (NJ) featured. buyers. Spot No. 1 Hss were
A few oil declined sharply quoted at 20% ces u pound, including Cities Services, off 11⁄2
A
.t
SHARES DUYERS SEELERS SALES at HANKS
FK Bank Fit Ant
INSURANCIS
than
Lombard
28
Vecember
250 Je
12 1910
non hal, Future clings-
20.20
pointa
Mered
2030
The
main
20.10
2000
ct
1,235
014
70020
(about
Under tilefn
LOKS, ETC
K Wharf Ink
1 !*
2000+
013
700 17
EARNED EXCHANGE
↑ population. 415 well as in the At the close the list ruled up | private spending of Indivalaul 2 to 9
The market i soldiers will account for a besz PAR
Neve of at least $10,000,000 apened up 3 to of hi Gricans closed up 2 to 5 points €3,400,000)
Market experts thought the
hace disemmet a Gavern-.
Grup ngum
HACHETTIST 13,500,000 bales
This would 300.000
bales ore estimate year's
IN
nat
be around!
than the
A stondi nagleus of staff has #hewly been engaged, prepar- ing for operation while direct- log construelion work Further Yaeumejeg are being filled ume goes UR
ara compare
To the South Korean Govern ment the decrease in the United Nations Command's drawings last official
means the Jass of most of ta earned foreign exchange income. with Inst crop of 18,485,000 Lules.
The Korean Government has Trading volume ant
open been disposing of these dollars interests In the Exchange to- to local traders at a rate of ils day were:
| much as 500 hwan to one dollar.
October. Until
the Unitext Nations Command pad the Bank
137.400
115,743
༄x‛」「1༅‛:༽
AN
your
Muntja 1344
Vahrne 3,000 4000
Open interesta
45,100
RIDGE
1-
May
Z
July
ge
500 300
181
The world's
begin-
Out
3600
Din Ter plan
Tur future helt oplev uporation“. have set superstarsions of their own to
BOW
Their
AHONT
MINA Max Tut.i
100
100
13 300
* NOTATIO
wh manufacturers is now in Wash- serious angton Betting the wheels att motion A state from which all berry 'cane free, spares likely to be required Ext
114 The two areraft
surfine will be provided. vor by that their crews bunits bent estalilishand 11 Alex Labe
from or andria, Virginia, whhh bonds. wreck to make the germains of a few miles Crazy Washingbone the other servicentile This was Airport, where Capitals Bat achieved in the short space of bused, four daye
ק
OFF
Survey photog upios Pratima Sauce were the M tasks of the Austers, which thew a tedal of sixty-font
over the ley wildemess
mis on ..t
24
Office fkdlines. presided in Washington to deal with all the after-sales servicing
of
Airlines Viaconals, and of the Beets ol juecible future customers in the laditude of fore than 40 degrees - United States Sunth.
Simple Refuelling
The refueling of the Austern was simple. The aircraft was pashed across the ice alongside the ships and a hose from the deck to the
Auster's Funk did
The Arst ut The forty t Viscounts fot
American The airline will be delivered in the spring of 1955
The Rolls-Royce Dart turbo- prop engines usest In the Viscount will or overhauled at Capital Airlines use at Wash- inglon Airport
Men problema. af dsson an ahl out of the centre of bag
A mureting
Beuseka K will study February trom the cornmissions
17,300 23,400
13,100 bules ZBIT 400 NEW YORK
20 20 29.20 1000 19 29 20
50 20 Provident 10; 15, 15 70 300 15.00
Merry
J1y
September
December
LONDON
The market was steadier with spot quoted at 24%
market features,
however, were on the upside,
isues trader, 600
were higher, 484 lower,
The New Exchange bon: volume 5.570,000,
American
York Stock
was
Stock Exchange volume wies 1,210,000 shares.
DOW-JONÉS AVERAGES
Dow-Jones closing
were:
pence per
500 15 30
1500 or 15.00
1b.
Prices:
Whechick
050
7 0300 7
No. Res pot
245-249%
Settlement house term
averages
LAND, ET
1K intel 21 Jar
Jun
2411-2491
14 $14+ 700 14
Feb
24-2431
Do 0614 - 100 1 60
Jan/Mar
237-2
30 indirimin
000 ## 055%
Apr./June
24-241
20 rails
136 A1
1010 u 08
July/Sept
2322-2314
15 utilition
61.41
100 5814
Oct/Dec.
231-2319 40 bonda
45 stocke
344,00
103.34
203 Bu
Commn, future price index
(70.24
300 @ 6015
Dec.
-24-1/10
United Press
Jan.
1.0 1000 1%
231-24
24.00 24 80
McD
2344-24
Shot Land
11
Healty
of Korea at the rate of 180 hwan dolfar. This mcant substantial profits for the South | CTILITIES
governinen!. Since the United States and Organisations Nations
One
Korea
United!
Prices of cotton futures closed supervised closely the use made
day Spust
as follows
191
reports
Mor
Mar
Jurbs
D
Mar Max
Brussels is the rente of the world's first International hell- exiter network, operated by the Belgian an line, Sabena
Traffic Control
NEW ORLEANS
money given to help South Korea dollars obtained as sete- ment for the hwan zivane, w.rel 354 almost the unly "free" forelin which the South Government
Irr
14
24 12
3.10
34 dads | turrency
Kerman 3043 disposal.
31 30
hud
In addition, by the end of this your.
cntimated 100,000
Prices of futures elesed Today Kortan employees will lose the as follows
Jobs, and swell the ranks of
Syngman
Sport
Der
Mat
MIEJ
July
Urt
ནཱས༢"
AB-
Mat
May
One commision ore studying the question of surface roof-top funding grounds. other will draft requirements for air traffle control, sinviga- tion and cotrimunications,
The first session of the hell- cupler
of group
the inter- Trans-Canada Aurlins, which national Air Transport Associu- has ordered 22 Viscounts, will in also have
fur A requirement
has
| Montreal,
the rest Dozens of penguins Hivariably attended the upern tion, and hampered it consider- ably. Hundreds of them crowd- ed round the ship, a constant the after-sales service facilitler, Lepresented nuisance to the pilots Laking of the
off and landing from nearby.
the
icc
manufacturer, 50
the Vickers-jeant ofleiki from now in Washington
will visit Flight
with Montreal to discuss this
leaving before
the T.C.A. soon
Americas on his way home. the
The aircrews
marked til with flagy
most southerly airstrip in use by the RAAF. But ten days Inter the Kista Dah, while approach- ing The scientists' buse, destroy- ed the strip by breaking up the ice on which it had been established.
New Wind Tunnel
Just been held
Many airlines were
and
Captain J. พ. G. James. Director, Operations British European Airways, BEA'S Chief Englueer. Mr Beverley Shenstone, attended for Britain.
Captain Anselme Vernieuwe, the Belgian pilot who recently few helicopter from Brussels to the South Bank, took the
Among
principles
The first part of the Aircraft Research Association's NEW chair. wind tunnel extablishment fo
the will be
adopted: go into operation The expedition's Auster made
The helicopter must not be onc
wher workshops. "Machine tools forced -landing. water froze
on the nist fettered by confinement to the being made fuel line, 200 A
air causing an engine failure. The bach of actual models. They limitations of fixed-wing
Its
now
unly damage (in spite of are being put in hand straight craft. We must not accept fixed-
strong cross wind, and rough ice in the area) was a broken ski. A fine tribute to the slow landing qualities of the aircraft.
A new type ventilator which can be fitted to the windscreen
proto-
away no as to be rendy
Immediate testing as soon
the tunnel get going.
The tunnel itself is well
for wing answers io hellcopter
us questions;
Regulation
helicopter
on operations should not become the way to completion. Half of rigidly fired before experience the circuit is already set on its proves the need for regulation
Layout provides
for the of
LIVERPOOL
Tran
Stor Ferty
Younati.
Ferry
Light 101 XI
{" 1.
NJ
XU
2 142 1715 23000 m 2.171)
20. 20:00 600 @ 20.30
110 - 20 40
General markets, cif basis, ports:
Estate crepe thick Dec. 20%
thin Dec 201
AMSTERDAM
Prices
The market was quiet. closed today in cullders per kilogram, CIF. Dec. as follows: No rubber
109 - 201,
101) me 20 00
20
No
2 rubber
100 150
No
J rubber.
No
1 crepe.
--United Fres
141
134 ISU
17.70 17 SAD 1000 - 17.30
1000 3 17 80
1000 174
50 17 1 3000 17 00
14 60 14.00 1000 or 14.50 (14 70
150 st 14,
130 14.00
1000 15
PX 14.0 2.30 300 3714
1300 38 20011 30
33 73
34 16
President unemployed.
Rhee's
1180
Electr
Dance hal.
34 70
34 73
other
34 40
3444
gift shops and recrcational spots suttering heavily as more then two-thirds of American ground
34.5A 34.50
Macão Eler Tekhane
INDUSTRIALS
Cement
11 142
**
Closing. American middling. | 15/16 inch. In pence per ib. were as follows:
Dec/Jun
Mar Apr
$14y/June
July/Aug
Omelal
Sport
31 37
J2 05
02 11-17
31 17
(and air forets h:ve pulled out of
South Korea.
RE-DEPLOYMENT
President Eisenhower's "troop re deployment programme" from Korea is scheduled to be end of this completed by the yeur.
This would leave, in the voltsouthern half of
the Korean American
33 11-12
two
Oct/Nov,
values Include: American middling,
peninsula, 18/18th mich 32.44 divisions, one reduced British L. middling Amertran S
Commonwealth division and a 7th Inch 29.34 Mexican middling
Lolten force of the Fifth Afr 1-1/32nd tach 33.00 Force. Others were unchanged,
SAO PAULO Futures closings, in cruzeiros per klio were as follows:
Dec
Mar
May
July
Oct.
31.00
Korean officials say that Korea will
face "serious" difficultles ins the foreign exchange Income
dwindles.
12.58 Some $250,000,000 [about 32.40 £84,000,000) from the Ameri- 32.10
forces atl £2,150,000 con 32.20 (In the
United States.
thefom the British Commonwealth have been the main average price of 15/10 middling Forces colton at 10 designated spot source of money for the Seoul markets was unavailable today. Government Sales at these centres totalled years. 30.100 bales)-United Press,
In the past four
In anticipation of the fall in dollar income, the South Korean Government is reported to have
New York Sugar drafted two plans to secure much
Market
needed foreign currency.
Rupe
STORES, ETC.
203030
30% 38% 1500 ar 381.
2000 & 30
· 19 do
30038
Duy X. Rus 24 00 24.80 3000 or 24.70
Tile
15.00 Watson ....
10.40 17.50
INI
1. Crawford
COTTONS
Textile Corps 4.03
1).TO
700 # 27
7 1000 7
500 0.99
500 47 0.00
Nanyang MISCELLANEOUS
Yangtze 0.03 0.05 2000 og
Allied
4.01
5000 + 0.03 18000 i 445
Chicago Grain Prices
Chicago, Dec. 7. Prices per bushel in cents:
Closing prices) Wheat No. 2, red
Spot
ONE PLAN.
Dec. 227% (i) 2234(L). Mar. Biay
One plan is to find more sept. foreign markets for tungsten ore,
July
277-2201%
21211-%
214
Doo,
July
New York, Dee, 7. World No. 4 Suger futures clerk has been designed by the foundations and being welded and the most desirable ways today unchanged to one point which last year carned as much | Corn, No. 2, yellow makers, particularly for Austers up. The cooler and reservoir are of applying it. The helicopter is lower with snes of 11 contracts as $40,000,000 (about £14,000,-
Domestic No. 6 sugar fute Government, however, has May Spot operating in the tropics. It is almost completed; main struc-making its own rutes day by certainly a versatile aeroplane. offices is well advanced.
turo for the laboratories and day.
closed unchanged to point The hightr with Billes of 102 con- falled to secure any foreign May The Folland Midge,
Sabena Now says: "Young
tracts.
when the sept. buyers since April, type of the Onat light fighter
Both markets ruled steady on United States discontinued buy Re Sabena passengers, boys and dived twice in day maximum possible amount
coming. through the sound barrier. The setting up of models to be done girls alike, now have a pleasant mixed dealings between
mission houses, refiners and
Another plan was to sell sur-Mar Midy's achievement is all the outside the tunnel, so that the surprise awaiting them in the
company's aircraft. This con
other trader Inforeste,
plus Korean rice, mainly to Oats in that the change-over from one model to more remarkable
Future closings: with sists of the ingenious way their
Japan. The Govenment's ori-P aircraft has an cagine giving the next will be made
Contract No. 4 (world)
ginal plan wan to sell about Jan. The minimum waste of tunnel-time, meals during the journey aro
3.18n 30,000 tona
of rice at $200 | Soybeans, No. 2, yellow calculator will erved up to attract and amuse Gnat itself will be powered by greatly accelerate the speed of
The lunch-box containe
330(chout C80) per ton. Il success the Bristol Orpheus,
Spat which
running through each series of not only a good substantial meal but a whole series of cardboard
only 1,040 lb of thrush
An electronic
tests,
The AA's tunnel' is
them.
Doc.
·Mar,
But over £0,000,000).
Jaban refused to ไก่
(pay 8.48b cach, wiring, that the Bouthies,
Mar May July Segit.
Soot-toents_per_ib/ˇfob CUBE), IS games, in the form of bricks, | Contraes No, 6. for giant dies, drafts and geometri
Mar MAY:
ful, this export, it was calculat-Sun od, would bring South Korea Mar $70,000,000
May
July
Masit.
July
Bept.
NOT
Mar
Boot
gives three times the power of The Midge's Armstrong Siddeley Viper, The Ghat is expected to be no fast as aircraft, with twien | applied testa on wings, Lugo- cal puzzles. The boat present of lages, etc. of particular aircraft all goes to the little girls, for right from the early project their lunch-box „fakos, the form 110 chief test pilot of stage, not for fundamental re- of a crúdle at the bottom of Follends, Squadron Leader EA. march. It will give trans-conic | which, beelde the sandwiches, Tonmont, began his supersonic! spoeds through test=nection thoro lies a paper dolly,"
its power,
Korpen Government already has spot
af
0.33 $41,000,000 (£18,000,000) In New York/ flour
hen trade with, Japan.-China
8.04
án unfavourabla · balanco
Mall Spoolal.
200 lb. wak
10117-167
101
121
22516-14
.014
0246
London Foreign Exchange
2.34 om New York
2.30 am. 2.53 mont
149 non,
New York Foreign
Exchange
Canada England-official
New York, Dec. 1.
unofhol 30-day futures (10-day futures
Australia New Zealand South Africa
2.7012
$1.03 1/3
2.67-2.69 2.70 8/32
2.70 3/10 2,23
2.701 701
-United Press.
Montredi Amsterdamri
Parin
Stockholm Wext Mk5 Zurich
Others
Prem
wer
Landin, D. 1
2.304-2.7, 10,001-10,00
14.841-14,54%
187092-14.709 12.281-12,249,
unchanged.—Culted
Exchange Rates
Business unofficial
was done in the Local market this exchange morning at the followhtig rates; U.S. dollar (per $11.... Sterling nates iper 21) Indonesian rupiah (per 100) Blar ticale (per 100)
Singapore (Biratta)
Indo-China plostres
E
16.00 00
23,20
(per 100)
TRUE MOLECULE
OF TREE-GROWN RUBBER FOUND
New York, Dec. 7.
American scientists have finally succeeded
in reproducing the true molecule of crude or tree-grown rubber, according to an announcement made here by Mr William S. Richardson, President of Goodrich-Gulf Chemicals Inc.
the
The discovery, described as a will in effect place a ceiling on major scientie development, the price of crude rubber. was made in the B. F. Goodrich
HIGHER COST research
Brecksvillo, çenire,
Based Ohio, by a research team of that can be made at this early on the best estimates scientists of both the Gulf Oll stage of development of the dir Corporation and
B. T. Goodrich Company, co-owners material in commercially im- covery, the cost of the new of Goodrich-Gulf Chemicals,
portant volume would be sub- Inc.
stantially higher than According to Mr Richardson, present price for GR-S the successful reproduction of (synthetle) rubber which is now crude rubber synthetically has Government-pegged at 23 cents been a goal of world scientists a pound Mr Richardson said. for generations,
The new rubber is made from different materials than those,
tho
· Mr. Richardson said although used in GR-S syntlistič rubber
he said the new material can be used to land
that the rubber' replace crude rubber the fact could
数吧 not
'produced' Sr
|that it can be made will not ob- presently Government - owned)
solote rubber plantations. This synthetle rubber, plants,
how
Government because natural U.S. rubber-grown mainly in South negotiating for the sale of its
the
more
Voile plants to privato.iņš -
America-can, offibiont plantations, be produced The new man-made rubber named, Mr
on
a much lower cost than the has not
I truc, wald,
21
east Asia, Africa and South
2001..
180-18201
$14,30% Unlied Press.
boor
presently indicated cost of the Richardson såld, but patent ap- new material, However, ho em- plications have, beon fled-with phasized that the new man- the U.S. Polont Officer United: Imado rubber when in production Press.