THE CHINA MAIL,
TUESDAY, JANUARY 11, 1965.
OUR WEEKLY AVIATION NEWS
TRADE and
The design for the new Freno de
under
Jet airliner, the Curapelle anw France, It will carry 91 passenger-Central Press Pholo.
construction
In
Small Air Forces
Interested
The Folland Gnat
A large talk P
川
small air fore. - throngi - sitet
the soil which are finding the the high cost of modern
aircraft is
prablem, have
#
Bendy VELK
Athgether REA pealed a total of 53 fort -
of luch pois
ow Beir
than 12,390 ENT
է-: fighter
Serinus Cow st
The
Jively inter in the s
Folland
God
Teht
fighter. This diminutive
aircraft is to be powered to. by a Bristol Orpheus jet engine, and tiltimately
Near t
COMMERCE SECTION
Page
ECONOMIC LEADERSHIP
Eisenhower's Message
Raises Hopes
Of U.S. Businessmen
By John Morka
New York, Jan. 10. President Eisenhower's emphasis on promoting world trade in his Congressional speech last week raised new hopes in trade circles here that the U.S. was prepared to assure a stronger and more effective role world economic leadership.
in
The President's trade recommendations in his State of the Union Address was not unexpected. Couched in broad and general terms, he
E.P.U. Surplus Stock Market
Anticipated
Park, Jan. 10.
estimates
Preliminary suggest that France w fil show 11. 10-million-duilar surplus in ther paymenis
Ilance
with the E.PL. This is spite of interest payments 1 the
ናስ half of 1934 whatch amount.
ed to 4 million dollars,
This 10-million-dollar
sarplus compares m[> th
12.4
iu
million
surplus November and a 33-million- dollar drück in Decem- ber 1953 -Chinn Mail Special,
appealed for a programme of capital expansion and technical assistance. HONGKONG
He stressed the importance of lifting world standards of living and urged a programme of gradual reduction of tariffs and other obstacles to expanding international trade.
an
ther President's
The President was roundly year extension of the reelproent, implement
without at- ccctiomie programine. broad trade programunka,
inkie,sed both her und
for his failure last year to press tendunt authority for his forelin economic pro- tariff reductions
Tais gamme as mutiled last year in
усст Commission the Handail
Itrat circles emphasise up the President's foreign both Europe GŁOW programme.
kality hot bats for the
a high
A
vitar
The
your of Vikinga Putal of well
passattager
airline
both
DVIT miles
4.200 mullor CIVI
"
with 'a
Alarcon ab
rabuuled
1
More than forty alloca
will attain supersonic Moo speed in level flight.
Allmagh letar e
on the Orplicia de par
4 year agt frurale
undergoing conmang sam
of the development wor
already beati
of the PTURATI
than had beato
We design began
The Best Gnar artha NENA engine is expected to 11.
Aummer of 1933 but the powered prototyje, The which has only Ghat's
POWL 1.
1
اراد..
HOW
ted In
apatu. Veevania
T
I Not in Am4 42 44
). 1 the sand Tan Trendez
What ty Fat Girver VIT ཞོར』ཝཱཨཱཿཋཱ།』༅cY
W.
1
1:
W..}
t: F
1 diferent
ajata, and four GovernmentS Men wver they war chosen in
Jamlard E
Sangya's Pilgbt, which is
tale for carrying
That
יון
All
Rosal Family
ADN of their
1000 VOY-
of Hate And Whey are
operating suvets fully,
natubly
in Antra, India, Egypt and teenial Afra 4. well as sevatel altug courdekes,
POPULAR FILM
le
In
World Cotton
Markets
mcan
Tho
STOCK EXCHANGE
(From Our Correspondent)
1 $947,700,
$13 145 k
Bon
4
Lederwinek.
Praviden!
JONNY
DOCKS MIN
206 #12
194
13
14
The
Investigation
Opposed
Washington, Jan. 10.
Sen. A. Will Robertson, a kry member of the Senato Banking Committee, has op" | pered a Congressional investiga-
ion of the stuck market boord..
He said he trusts the Trea- sury Department and the Fed- |erál Ħeserve Board to take ap- propriate action if the bullish
market showo signa of serious crash.
Sen J 37}{{ladn Fulbright (D-Ark), Incoming Chairman for th, Banking Committee, pro- posed a "study" to determine whether the zooming market threatens to upset the economy. Indications were a majority of The committee would! support him if he pushed the proposed inquiry
But Mr Robertson said he no need for Congressional action now He said he expects the Federal Reserve action In maygan equirements razing from 50 to 60 per cent to "slow down the tempo" of the market.
Singapore
fur further Democratie Speaker Sam Ray. burn designated as "H. R, 1, trade a bull to extend and thereise the however,
towe that, with Pres.dunt's authorky, to
He said the trade bill and the U.S. at wariffs, The Lice of the peak of economic booms, the would probably be the first to! throng opposition from proteine Wit ripu for strong seen the flung of the House.
Business done on The Hong-climb. was also on C-mended gislators with a Pesidential ndership in enact
introduced by Rep.
Shock Exchange this
He suld much of the stock" Cocper,
new carrying on the Jere
moning amatinskod his own Repubtienn und og measures
market
In the past purchases Chairman
the Nour Democratic Cha avowed programsne Demografie parties, the President President's
olafons
year have been made by invest- House Ways and Means Commoning transactions for world was forced to settle for a one-
develop- economic
funds, they ment bankers and jurisdiction ntere
Eure of the Congress mittee, which has
know what they are A similar ЯHARES BUYERS ST3 RS SALES
doing, hi to make substantial progress in over the legislation,
"He HANKY
said, and stocks ure not yet over- a bill wus
by this direction would
Biso introduced substrustial setback and loss of publican Rep. Retiert Kem. Both
994 1990 pred from their standpoint.-
United Press. prestige to the United States the Kean and Cooper measures
for an economi: and
in co-operation INSURANCES werd lurence Bandiri, Prezi | political leader in the East-West with Mr
cold war.
dential consultant who headed the Randall Cornmission. PRESSURE GROWING
Strong
is antleipai- opposition is In recent months, pressure hus been growing from U.S. alles ed In Congress to the President'. both in Europe and in the Far programune cuiling for, amon
vidyir measures, a three-yer ex- LAND, EIU East for new approaches for ex-
I totel Prot-taking efter a thre, panding trade with Communist tension of the Reciprocal Trude
the and
Soviet bloc. Agreements Act and authority
HK s day rise, for a cumulative Koin China
existing turiffs up to
Humphrey of around $1 a bale from last Failure of the President to pro-
Really thren-year forceful 13 per cent ever successful
* week's lows. found trade buy vide
and leadership In chacking his period, er mestly satisfied.
programme this year Trading progressed quietly, crononde with a good part of the specula- would give an added impetus to
ive talent more interested in
of East-West, and proponents The stock market and the wide puse a serious challenge to U.S fluctuations in woni, rubber and rad: hip world affairs if it is
hold,
the Democratte teadership could Krains.
President's Inftin buoyancy reflected a
foreign | certainly ensure passage of the small week-end secumulation of ecmomie policy got off to an main points of the Administra- hedge selling, and a notion that auspicious start as the 84th Con- tion's Foreign Economic Pro-
The
Democrats are gramme. com-expected to provide strong ad- ministration backing to dodge
New York, Jan, 19.
sturteck Cotta fulares today with gain up to 40 couts a baie but gave up the advantage in Lir dealings
A Dm of the SBAC. DR. Ly which was held at Forn-
* 1954 1 likely praat one of his most popular dovemcatarie. over 11 we
Worked Bride Movietong News, and is distesafed by 20th Century Fox. Tur general r
se in Creat Britain will take
the third week in January, tout fiready it is show
13 key cities of FY
the British fles
it
depicts
altro on the lows m dan kry's Closing annual show in coluer, using the the list wos 7 to points;
Opening prices were new Wal wheen of Cinema- net,
Orleans points. New Fastmn colour is to 8 Ta ruch without ng exaggeratet. closed off 4 to 7 points. Put the w
Trading volumes and opening reen is partien-
Ai
3:
wad the Avan 20 desdetom Seate whk Bars Barfly to be dehverni to the South African Air Pacco
rel The treat
the Fisher Cveta, which trig
For tab mera Ph Pita bre Canberra 1-1 wirl ave
her
4
Tastin
altet.
dived several fir
sound barne
The Orpheio
ROH
J
extremely light for at
t
thrusi jwer output,
Dendable Ex hac and i
with be of the same
... $
lus Let achieved
1
*gne spraw kod po
K
other modern ligleris,
The
ambulance to pwople lexont
the remote plus the w is often not fully
In Austenha the Piss Do Service" and
Tho Air Andudate
R
›
French An test centre, at Bretty
Fr the test time, the Thaisg aft
to
11604
BRITISH GLIDERS
1, row.
www.ny-tw
The
of
apart from the tall-end move- ) gresa convened for ment of new crop innings in under Democratic from the Far West, the peak of trels.
Its
nuw
to rescue
Whites, d
UTILITIES
13 70
13 40 15 20 3000 - 36**
1000 15.40 401970'
brity 504, 75.40
215 220 3000 24775
Tramm
180
1500 22
Skar Ferry
132
200
153
here
Yati Ferry
172 300 g
git T0 1 10.70 100
$5,00
209 600 10.00
4420 2014
18.70
FOREIGN OPINION
trad: Foreign
choles emphasise, however, uint a Com- bination of Presidential fender- ship and favourable action by
the marketing season has pas Little time was lost in intro-the President's foreign pelley. ed.
ducing legislation designed
larly well uited to Lhotography interests in the Exchange today
In
were:
Moth
March
Vuluine
Open Literest
40.000
021 000
27,500
1,100,300
13,000
164,700
10,000
j04,200
December
3.700
51,700
1,400
50,300
2,100
610.200
109,600
2,081 000 bales
NEW YORK
to providing it moves along current
World Rubber
Markets
on
Singapore, Jan. 10. After opening stendier trade support the market eased later
and became irregular to Future close slightly steadier. closings:
Prices of futures closed today No, rubber per 1. Jan. 45-49
of the last way
Farn- at borough, where the Intest types Interest she sat
of evil and military aircraft aro
May before to brilliantly demonstrated mde glicers 1. conINUE
July of October inamufacturer, the Ore
largest
assembly
the peronautical Sim by Suchplates Lid, I now
experts
March world. Cup plynog givers of all types to
May Tutal When the general release in traen, fre 1954, xumë lë për ank
the Great Britain takes place, of the company's total quipe Blm, which is fillugly entitled British European Always p' - will be expon, while two new
This Supersonic Age, will be similas form"
bela
which have i 13.
1.
SCHOTT through the acused bring skilled medical traitem
favourable OYPTIANS
Įvolt ry „quipped with Cinema- swiftly within reach of the SwK comment, will come bito pro-
The world
world premiere of and
where uther duction They are the T42 and |-ra - Superronie Age' was held
of means of
do the Skylark 2. a single-seater transport either
on December 10, but པས་ not exist, or would be loo slow
advanced design and perform-
the distributors have received orders for more than The Indian Governmunt has 450 copies, utad the final dc- recently placed an order for 32 und will probably exceed 400. Slingsby Sed
Sedberghs, This type 330
are being sent to 330 copie two-enter trainer in which
and Cumada,
to be effective.
The Air Ambulance Unit operates among the lands
ስሮ
and
i
ls
highlands of the west coast of Scotland. Since its fomiation 1 has carried
than more
2,500 sick or injured people to how pitals on the mainland. Now t is to be re-equipped with tw de Havilland
four- Heron
will when engined airliners, provide a muen her and.nd of comfort for patients than has been possible in
the past.
B.E.A. ROUTE
The Crous will ato fly
011
is
Be
America
Pary
Grinds,
Light (N) 15.30. 1842 Excele Mceac See 12 Telephone
Stock Market
Singapore. Jan. 11.
Brokers today quoted the fol- lowing mock prices:
170 British Borneo Petro-
5 35 200 35.
4:00 - 39
leum Syndicate Consolidated
mollern. Ordinary Jus
Jan. 10, Jan. 11
Closing Opening
ja 35/.
28/04
20/6d
$1.05 $1,000
Frater and Neave Ltd.
Ordinary issue a Fraser and Neave Lid,.
71% cun, pref... $6.60 15ongkong Shanghai Corporation
Register) $2,045 Malayan Brewarles. $4.00
Bank
(Colonini
3004122 3002045
Raffles Hotel
P30 131
Storage
1044 17
Both Drius:
Dairy X. 24.20 24 m 41102120 Bingapore Cold
ENDUSTRIALS.
Cement
E
Ropu
STORES, ETC.
Walon
321.5.
IN
1. Continu
Toxides
BALL 17
$0.60
$1,046
$4.00
$2.75 $2.75
$1,00
$1.02
$20,25
$26,23
$24.00 $24.90
417.00 $17.00
United Engineers,
47 04 1000 W 2006 9.30
Ordinary" besue
$13.20
$13.20
9.4
Werne Brothers
$2,00
$2.00
Motugkong Tin
.0/3
1/3
Peining Tin with the
$3.60
$3.00
4.33
-China Mall Spectat.
Insurance
139 14.30 2010 2014 692009traits Trading...
Nabymar MISCELLANEOUS
Main opposition to proposed Is expected to come legislation trun throw ranking RepubliconVOTIONS
the of members
Ways and Moons Committee..
Former Chairman Rep. Dunkci Reed,
member of the Committee, he fed the battle last year in de fing the Ram
Randall Commission already
to any leaver to
programme and has
opposition Voked his programme designed American tariff barriers at the expense of American Industry. Another vocal opponent
is Mr O. R. Feb. 4-044owered tariffs
of the Mar, unquoted Strackbein, Chairman
of In- nation-wido Committee
end Labour dustry, Agriculture on export-import polley, he cažei the
pro- Randall Commission posals as "bad for the country"
United Press,
30 050
34.59
No. 1 rubber per lb. Jan. 1334-04
Nu 3
a1-03
34.53
No. 4
904-01
33.09
Spot rubber unbated
94-0415
33.03
Blanket crepe...
U7-80
25.06
No, 1 pale crepe
9E-09
30.19n
35.341
NEW YORK
Futures today closed 46 to 85
today palats lower with sales of 74
as follows:
Spot
MAT.
May
July
Oct.
in
Dec. Mar May
NEW ORLEANS Prices of futures closed as follows:
34.15
bril
Spot Mar Atoy July Det.
34.00
34.02
25.11
primary
defensive,
Dec.
Mor. May
contracts.
Profit-taking and a let-up in New York Sugar
manufacturer buying, plus lower cables, kept market
33.65 terminal market prices
30.07
35.27 35.38b
on the
Market
Allied
raits Steamship
Black Marketeers
By Peace
Hit By
Peace is not so marketeers.
the
A Unilet Pas survey of dingy dealings from Hongkong to Hamburg shows tint with postwor few exceptions
hne almost cranemie rewoVITY
illicit Lending wiped out overything from candy bara 15 New York, Jan. 10. In the spot market, dullness
World No. 4
sugur futurcople bars that flourished in the prevailed with a limited business reported in one theets, March closed today unchanged to one difficult days immediately after delivery sold at 32 cents, then point lower with sales of 140 World War II. moved at 31% cents, a pound. contracts. Spot No. 1 Rso was quoted 31.45 nominally at 31% cents a pound, 33.38 Future closings: 37.2€ Mar. 34.21
May July Sept. Dec.
LIVERPOOL Closings, American middling, 15/18th inch, in pence per b. were as follows:
Mar/Apr.
May/June
when the
July/Aug.
Oct/Nov. Dec/Jan.
Mar.
Domestic No. 0 sugar futures closed unchanged to one point
with sales of 37 con lower UWH tracts.
World futures held steady on 3110n light trade buying and scatter-
31.03 31.30
30,65
30,70 30,50
ed selling.
London, Jan. 10. wonderful for
black
Chicago Grain Prices
Chicago, Jan. 10, Prices per bushel in cents:
Closing prices Wheat, No, 2, red.
Police officers around the world Spo
May alment
at beating July smuggling paid the old-fashioned kind of Mar, 20161H) 22015 (1) customs duties and similar taxes Sept still goes on.
Nov.
Mar,
Sept.
Oorn, No: 2, yellow In addition, new kinds of Spot black markets developed-forged May, Domestic futures wern
paintings, praling of derigns July shado easier
traders from while
hOD NOV. Paris fashion Tho-market was barely alondy |awvolted raw market develop narcotics smuggled
nowly Ryd rich Middle Easterners who can't Mar. with spot quoted at 20% pencements.
of millions and May spend their
Oats Conminist-aided sumggling.
LONDON
plot and instructor sit side-by-twenty-two other countries will Fide, so that training can pro- ako et, including Australia..
nore quickly and surely New gress
Zealand, South' Africa, Hongkong, Ban with tindera seating. it is
Singapore, Colombo already in service with Beltain's India, Pakistan, the Phillipines, and R.A.F. Slam, Panama, Ecuador, Vene- Air Training Corps Reserve Command,
zucia Puerto Rion, Cuba, The terminal
Vickers Trinidad, of
Argentina, Brasil. Mexico and Viking airliners which fly over Chile,
to Africa Uruguny. network of routes
ta brought closer been hus
Since tho war, London. The Vikings are oper- achievements of radar first be, of camo generally known, It has
Official values for spot cotton In- ted by Airwork Li
Frlush com- been realised that metal ob- clude the Independent the regular B.E.A. route from
panies which
SL mlading 14th inch 29.00 are now injects such as aircraft and shipy American middling 10/10th inch 32.08 Glasgow to Barry, which
enables Mexican which
191/32154 middling an echo maintained more for its social from strength to strength. For give
34.01
• middling Inch passing passunger their position to be determined value to the Juhabitants of the the convenience of
Others were unchanged. the Vikings: terminal has been by the radar operator. But it is area than for its commercial
SAO PAULO from Blackbushe in not generally known that water value, The 'area is so sparsely
moved
Futures closing to London Airport can also give an echa on a of Hampshire populated that the number potential passengers is zela-
nt Heathrow. The service began screen, Tals feet is emphasised | cruzeirog per kilo tively email. Consequently, the three years ago, and it has beby recent orders for a radar
como increasingly popular with equipment. placed by the Royal] March fact that the 17erono require
and the British Army. fewer passengers to cover their businessmen, Government off- direct operating costs than any cluls and globe-trotters. Fro-These sets will be used for ob petober other aircraft in
the United State, the the B.E.A. quently passengers are able to serving the fall of bombs and December Bleet will
sca, by detecting Important save about 20 per cent of the shells into the mean
average price of 15/10 miding the maintenance nominal airline fare by travelling the columns of water raised on at 10 designated spot markets Estats crece thick in economies
h one of the fleet of eight Impact with the surface,
was 34.10 cents, Sales at these Airwork oper The radar apparatus ordered contron totalled 31,469 balça On their ambulance missions, Vikings which
ls a special version of a stand- United Press; the Herons will be required 10 ales. take off from and land on gra
of the service.
Air
stripe and even on beaches, so exìmpling is an outstanding ara Decca equipment for nir-|
the Lincolnshire coast at Saliheut
follows:
January
July
prices, in per 1b Prices:
No. 1 spot Tian vi were
a settlement house term:
· February
unquoted 35.40
3.30
March...
*150
Exchange
CI successful fore field-control, The R.A.Fr-new
will be installed at their remarkably short take-off thought on the part of the set
The New York Foreign of deaign' loem. They and landing, runs will be
started practice
tice bombing range on the in 1944, when great value, enabling the pilots work
even la mountain- awa to build D 27-50at occasion on which the RAF Partioty, When nerodromes medium-range airliner. By Jurie has used ruder in this way. The Canada
al Army's set will detect shell England-unomajal
#plashes from guns fred on the
to alight within a few miles of end of the war was still a year and it will mark the first
the
olts
are scarce.
1948 the first Vicing whe
New York, Jin, 10
Canadian dollar. rata: buyers
sellan
When the Herons are do-ready flying, and into ruine rango at Shoeburyness, and will spol Jivered to BEA, in the spring,ing year it went into
Although 180, alvorut also make it bakter to locate
they will replace de Haviland te power? precuned, any shipping Watch Thi Dragon Rapide biplines. The of. D.H. Dragon Rapide made its including
than on the. Tangu duria 3 tarrat
"Initial flight in 1934, and the 60 for export. Thopp menu, praption: thus improving the Arab miroraft of the type to be facturais built 140 of the planar present stringenti etym pre- Built-Instill in wervice, maro in the two years 1940 and 1947, cautions,
Apl/Jame
July/September October/December
Mari
But no longer, can cigarettes May
3.176 be swapped, for love in Europe Soybeans, No. 2. yellow
or elsewhere os they were in the Jan,
Future closings:
I
28-2814
| Contract No. 4 (world)
March,
May
3.176
July
0.17
Бре!
September
General markets, cit,, basi
Jantiary February March
Bpok (conda per 3b, fab Cuba) "337 · Contract No. G
March
May
-4.01
Day,
wild month that followed the Mar, B.4V
May
July
July
15,00
September November Bpctfoents par lb, elf NY-
0.055
MUST BE LOVE--
Sept Nov.
0.051
Barley,
Nowadays,
Spot
0:46
United Press.
Chin AMSTERDA
Thoʻmarket: was drm. Prices
| closed- today, in guilders · "per:] kilogram, -{[(Cij: January: ns : fol-
No. 1' rubber
· No. 2 rubber.
No. 3 rubber
No. 1, arepe
buy London Foreign
3.72 buyers 2.09 Dur
363 buyers
Exchange Rates
Exchange
as United Press
staff correspondent Wendel 5. New York flour Merick cabled from Hongkong. 200 lb. mek
૫૧.
Jove,
you can swap cigarettes for
It must bolova.“
servicemen and
their
L'ate still a problem for
West Germany. Troops get their
mokes, bylons and coffee much
cheaper than the German. And
DOW JONES
AVERAGES
Nów York, Jame
The New York stock",[uarket
that means come underhanded opened higher today? The Dow
rado, despite the villano of Jones closing ANTAGON
military and civil authorsies, foll
and the restoration
Tha, Cormier blick 2 market de