OUR
WEEKLY AVIATIONTM NEWS
Page
THE CHINA MÁIL, THURSDAY, JANUARY 20, 1955.
TRADE and COMMERCE SECTION
"Columbine 11" the new aircraft used by the President of the United States, is shown carries transport here in is first night. This U.8, Air Force Lookheed Super-Con^tel ́ation telephone, teletype and radio. Ila electronfo equipment include, the latest fog piercing radar and other safety devices, 1 in fully equipped to carry the Presidential staff and plane crew ou long flights,
Eisenhower's Personal
The
In
Plane Latest Aircraft Efficiency
private aircraft milles." Boty weltes, "throughout to fly the sheduled airways of the highly inrin ditabused regions Yurica, against the background of the President of the between the Mississippi and the of
Canation mustied United States reflects Atlante
Gulf. the lengths to which when -lude the mus, densely "Not U.S. aeronautical science in ed sections of the United States Most of the w roles are
model
of
the Coast, border and the Mexi
Industry which in 1953
than more
30,000,000 Du y concludes: only will this ueroplane
in che t-bru
standpoint
ed. bul
RECIPROCAL TRADE BILL
U.S. Protectionists Change Minds
HOLD POLITICAL FIRE?
Washington, Jan. 19.
The House Ways and Means Committee hearing of Eisenhower Cabinet officials on the Reciprocal Trade Bill reached an anti-climax when "protectionist" committeemen virtually discon- tinued their examination of the witnessed.
Only three Congressmen ask- critical questioning by a half ed questions, of non-contro-dozen of the 25 committeomen. versial character,
when the Former
committee Choirman Secretary of the Treasury.
the Mr Mr Reed, who had led George Humphrey,
Cabinet completed examination of earlier th: reading of his prepared witnesses, explained the allence after Mr Mitchell's statements as follows:
statement.
"When a man in charge of the MrLabour Department makes such
No quertions were asked of The Secretary of Labour, James P. Mitchell. The after- nout session lasted only 50 minuics.
The apparent apathy of com- milleemen known to oppose the Eisenhower programme caused speculation that the "protec- Lionists" had decided their political fire until a strategie ocension.
to
hold more
have
Five Cabinet officers already piled up argumenta In levou at the Copper Bill and the identical Kean Bill, The only backfire bas come
1
M. 13
from
2 ':1 ·
1 น TW cision to accept the Viscount. fight which may well launch new era in air travel. The In the
before years
Pearl Viccant will represent a major Hutbeur, most American aftlar!
at it de to
industry ND
11
1
has gone. The President's, dan al by previous personal plane, portant far or in Cajas de "Columbine II," was a:
speed and efficiency. but "Colum-mpanies Operate I with the hich trelilonally cannot rest DC-3 as their standard aireraf, or relay hot must always pro- bine I, his present both long
trans-continental i gress one, pocs even further. Bugh and short hops. "Follow-develpment."
A new US. die Forte C-121 | ng Work War H" Daty save,
er 335 tes per
will
ان
23 oun feed ha a maxamom
!་4
וין
tis
BHAGATS
mother
age of
first of tr Const a . | Da Adoption I had Su
DC-4 P'uptal now have their Columbine III has a range, with
qualified pilots and Intan V Dont է եւ Transport plene, and tran full fuel reserves, of 4,000 miles The big transport plane
move on the par. of euch ale | the to seek an aeroplane which wuld outshine Barme of us cuma
etitors in speed, runge and Eft 100 PPT toy sal de to operate monomically with tes of varying lengths he gems alreraft, and as many
speed of more than 370
per heur
1.
four Worht
enyttes The
miles
by
18 powered 2,518-horsepower
plane provides practical and effient working space and
mmune.
Tuto
11
telephone.
lightweight
qani
and
new aircraft Telely pe
th Prew 1 rauldly with any
which in deta Communimale part of the world.
The
Stateroom
Presidential
stuletnem has a conference Tabl chairs two-way radio telephones and electric typewriters. It is a DIT- for office during thin day und, two convertible by turning couches into 4-size beds, in a comfortable bedroom at night.
WIN
Six byd, two pulo's and futer Leach N.
have just returned after learning all about fike Vision at Vickers' worky
Weybridge, Surrey.
They
now prepa.ing the
" nine different types of planes and mi m'eunes (astre'ion which whies wil be un by ather uscared to do the job had me been performed by the Copilul plints and engineers. DC-3
For it mulion to the
I
*
In Canada
Dity turpet orts "Capital
king-A is cray art
Ing
mals i al pre dos by pur- chesing the Viscounts"
imaxe.
As the Candid srules are the Jogical Comparatively short
incraft for the company is che
for charter OR-
Gorden R McGrevor. Battle Metoda rin! who is now chlet of Trans-Canada Airlines (who ast reneived the first of Que 29 Voorbund propeller-jet
ni Britain) renor'
$ airline rried 1 420.000 per
027
wikia
ent InTEREO
in
Su Cept al mutates to the big emas, de 1954, a mine
th E sirt Star. we laby
This Viacomt service et n wat Fan
spring. The bug Comoda be to start this raft of other lines.
lanen would making Men real. Toronto, Saull Tong-diriance planes.
the
Lakehead, short
and Marle. Profitable Capital stages. but they at raet Winnipeg.
because
their asvengers
Later, as other Viscounts DTU speed. Dety ways: "It remained for Capital to find an aeroplane delivered. they will go on router -erving both Canadian and ncorporating bolt
and United States elles.
mer
کونی
high-apert
In addition to indiret Beht- Ing. there are Itulividual reading Bgh a throughout the aircraft.
Two other sections of the plane are cabins for Presidentini alers. There is completely for
purposes competitive ronomy of a on fer couinred galley. Including
practical purposes. frigerator.
It discover- ed both these characteristles in the ViscouNË,”
Combine 11! has the latest
and fog-piercing radar
o her Radlo elect-ente equipment, communications equipment in- cludes ave different transmitters and receivers The plane's new reriseople sextan equipment, in Fdien to the regulation long
from
A statement, it made the situa- 1:on ridiculous. His stalcment was of generalities and could hardly be regarded us making any appeal for the rights labour."United Pres.
ot
World Rubber
Markets
Singapore, Jan. 19. The market steadied on over- seas advices and Chinese poli- It ruled steady the lou with sellers
World Cotton news
Markets
on
New York, Jan. 19. Colton prices today opened higher und remained crudual upgrade to the close.
the Finishing around
day's best level, the list was up 13 to 24 points net. Opening prices New were 4 to 8 points higher. Orleans opened also higher. Extension of Tuesday & Lullying tendencies was aided by a brightening export picture for U. S. raw cotton, topped off Mr Secretary by Agriculture
for a Benton's prediction
this year.
The Secretary's
late
whole day Poserved.
Future closings were:
Nu rubber per lb. Feb.
Mar.
Apr
|
2 rubber per lh Feb.
3
404
Spot rubber unbaled
Planket crepe.. No 1 pale erepo
NEW YORK
199:-99%
09-0944
unnvoted
Tool Plunt Plea For Lower
said
In Harbia
Tokyo, Jan. 19. The Peking Badlo today that Communist China's (rai precision tool plant in forbin has begun production.
The broadcast said the plant was one of the major projects the Soviet Union la helping China bulid.
Building of the plant, ne- cording to Peking, "would promote the development of China's machine build- Ing Indusity and lay the foundation for her new tool making industry.”—United Press
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
Business done un the Hong- kong Stock Exchange this morning amounted to $1,515,295. Noon quotations and the morn- ing's transactions:
IBARKS BUYERS SELLERS BALES
2125 2140 1 2130
און
Bank
East Auto
214
954-00 15-20 0515-Dd 994-99% 9114-02%
INSURANCES
Union Lombard Underwritern
DOCKS, ETC, K. Wharf Dock
Provident
1016)
103-104
Futuris today einged 40 to 60 with sales of 40 points higher
contraels.
The continued paucity of high-priced shipments offerings from the East and broadening 20 dinand from domestic factorles
slu auct
crop
nat ILS- the Senaid agriculture Commite that he price
for gandon BEK, suppor.
be helt ut ve yer you wouku
of parity gave the new
the an exus
I
per cent in overseas shipment of all sizes swept most futures
deliveries to new seasonal highs Dealers reported Ц "good size" business consummated in the spot market. Reporter eats Included
on January theels at 384
in the cents forenoon. But sellers were helding for 34% been Similarly February
donc at 34 cents with further M Beason told the com-i buyers as sellers moved up
three soon buy to 4 cents. February that it will musice,
bales surplus atxul 175,000
tels Went from 33% to 33%
No. cents cotton or Japanese currency in
a pound. Spot aud, lon to 778,000 bales 10 be
Its were quoted at 34% cents. bought with dollars.
Future closings were;
atsu ances given by the Japanese
Trading volumes
in the
-
OVE
Wheelock
LAND, ETC.
50
02130
20 @ 032,50
Trade Barriers
Calcutta, Jan. 19.
The British Board of Trade Minister, Mr A. R. W. Low, pleaded here today for the removal or lowering of Indian barriers restricting the im- portation of some British quality items.
He said at Press conference, "there is, 1 belleve, a tendency In some places to underestimate tho part played by existing British Investment and British Arms in operation dez's for raising the Indian standard living.
" also found a tendency underestimate Bettish
operation now helping
of
!4
establish new plants in India."
he remarked
NEW YORK
STOCK
MARKET
New York, Jan. 19. Stocks chalked up their
Mr Low parried questions re- second session of advance garding his conferences with Indian tu
interess, 14m:rking today but it was a rise only that he bad
declining obtained accomplished on assurances of speedier de-volume with little enthu- Ilveries.-Unlled Press.
New York Sugar Market
World
New York, Jan. 19.
No. 4 sugar futures closed today unchanged to one point higher with sales of 12
contracts,
Demerle No. 6 sugar futures closed unchanged to one point.
of 248 lower with pales tracts.
siasm.
Trading fell on to 2,760,000 shares from 3,020,000 yesterday. All groups closed higher, des- pite sme late pront-luking, and there were a few strong spots such as United Airera, up 3 points to 77: Firestone, 212 higher at $111.
The shift toward a higher market remained as a money restraining influence and moby
market men locked for a period
of considerable frregularity.
Of the 1,235 Issues traded to
271 closed
on the upside while only 287 werd
were lower. RAILROADS
con- day,
the
covering steadied world contract, while switching March to later positions dominated the domes-
249
10
Spot
70 100
10
27.80 260
2750
from nearby
13.80 0
7.30
0 29.07 200
7.30
tic contracts.
35.00
70 71 100
11
100
71 50
1000
71.
500
7000
HK Hel .. 18.50 1500 2000
K Landi
Humphrey
Raity.
UTILITIES
Trom. star fererty Y'inal
C Light (0)
22.40 500 22.40
18 10.30 10G) & 16.30
In world raws, Holland por xly bought another cargo of Cubans at 3.15 cents a pound, f.o.b. Future closings:
Contract No. 4 (world)
ה1 :
Pennsylvania
It im-
best
Railroad WILS the day's active leader. proved 1⁄2 to $23%,
Olls had sume of the
In industrials, with Amerada up 31⁄2 to $216, Mi- Continent a point to $100.
Youngstown Sheet and Tube, was up 1 to $75%.
moves
Chemicals declined, with đu Pent lower at $158 Allied Chemical off the amount to $04%.
to fell 2
1,080,000
averages
New York Foreign
Exchange
New York, Jan, 19.
change bond volume was $4,-
Tito American Stock Ex
DOW-JONES AVERAGES Dow-Jones
on Wall Street today were as follows:-
30 industrials
20 .....
15 utsti
05 stockn
40 borde
Comm. future price index
397 #1
140,20
02.10
143.80
100.71
-United Press.
Exchange Rates
Business was done in the local unofficial
and
same
March
3.17
May
3.10
350 100
July
1.18
300 180 79,1 100 d 190
Sept
While United featured crafts with Its 2 points
air-
risc,
4303 r 18.ZO
Spot-tents per fb, ful
Cahay
Douglas
$123
on_realising.
0000 10.10
100
or 10.
Contract No.#
The New York
Stock
C. Light (N}
18 15.20
LOG
2000 on
March
$13
010,000.
2000 18.20
Muy
0.01
Electric
..... 38% 30% 500
July
1.60
inter
5100 8000
301%
Scpl.)
5.04
chango volume was
Nov.
onus
cents. were
Macao
Bloc, 12.50 T'e.ephone. 34 342% 6300 3
3500 36.75
INDUSTRIALS
Cenest
4.43 Spot-cents per . ol NY ex-duty)ted Press.
0.45
shares.
closing
41% 4214 600 & 43.25
500
1
In the meantime, portedly is In the
bales around 25,000 cot'oli
Spain re- market for of U.S.
STORES, ETC.
Dairy
Watson
(N)
24.50
17.10 14.80 10.40
March! May
34 20
23.95
COTTONS
July
+120
Textiles
6.60 4.70 1000
630
0.70 6.65
Canada, mou England-metal
$1.03-17/12
very
41
Just appointed to take charge Chealleus ut Fighter Com- and Headquarters, is Air Com- modere Patrick Hunter Dunn,
wartime ghter pilot.
interests day were: Month
and open Exchange tom
Sept.
Dre.
Maxch
27.70
MISCELLANEOUS
Yang ate
Volume Open interest
Allied
6.45 0.10 1000 3000 4.40
0.10
unofficial 30-day futures.. Bo-day futures..
2.701 2.03-240 2.78
2.781
6.03 Australla
2 2292 •
2.7715
axchange
market
thin
South Africa
2,782
morning at the following rates:-
Діят
May
July
27.100 020,100
ત.
10,400 184.200
Doc.
54,400
The market was steady, spot Rss were pence per fb.
No. 1 quoted at 29% Prices:
01004%
V.B. dellar (por #1)
3.07
2030
Blerting notes (per £1)
13.72
390
Indonesian rupiah (per 100)
17.70
3010
Slam ticals (per 100)
27.00
who
Mar
1200 €2,700
1735
Singapore (Straits)
1.00
Far
Less
at down nine enemy aircraft,
May
0,000
Total
00.300 817,000 2,997,600 bales
NEW YORK
No. 1 pot Rss Rettlement house term: Feb. Mar. Apr/June
2571-2914
United Press.
Indo-Chino plastrea (per 100),
10.22
2011-201
med up frem Group Captain's ank with his new job, has been heart of the planning branch at Fighter Command HQ for nearly two years.
Prices of lures closed today July/Aug. as follows;
33.03
Mar May
34.37
34.29-20
July
39.02
Estate crepe thick Feb,
thin
281-293 2037-2017 28-20 2726-28 get./Dec. General markcia, cif basis, part
2016-201 Feb.
34-228-34 Mer
29033
Wheat, No. 2, red Spot
Oct.
24.03
He has been in the RAF for
Mar. 22016(H) 22715(L)`
Dec.
AMSTERDAM
May
Mar.
73.19
July
May
Air
tho
July
25.27
NEW ORLEANS Prices of futures closed as follows:
today No. 1 rubber
No. 1 rubber
Total feet of the 71 airlines
nil
the world of parts Therughout its history, Capital | (Runsin and Red China
the Airlines has made use of
cluded) who are members of In.es. aircraft available which the International Air Transport were suited to Its routes. In Association is more than 2,000
No. 3 rubber
Spot
Mar.
34.34
No. 1 crepa
Ox-
May
July
Oct.
Dea,
34.90
Mat.
May
"The Vlacount will after the renge arvination se', chabi's threst scheduled Hime navigator to charl In minute Washington to
nesition at miles) plane's night and on long flights Over water.
del the
A 12-year-old Scot, Air Com- medere Dunn. who has been
Spot fram Chleago (802 for example. Yet Its os of operation between thes? relais will be far less than that
The interior of the plane is absorbs the high short-haul cost
of the long-range plane which 21 years. tastefully decorated, with green by extending the flight another
In 1940 he was Senior carpeting setting the tone.
1.856 miles, to the West Coast Staff Officer in Malaya, direct-
ing air operations against The Viscount will
The
Force Alr
ensure
personnel nsstened to Columbine It Capital's pre-eminent position errorists.
nclude Lieutenant-Colonel Wil-in aviation." Doty writes.
Air who is lem G. Draper, Force Aide to the President and
alen the Presidential pilot.
The aircraft is named for the ameel ower of Colorado State,
the
Viscounts
years later, it was
Future
30.500 125,700
41,109 1,185,700
110,000
LIVERPOOL
closinga, American
NewAppointments midding. 16/18 inch, in pence
**13
columbine. It is in Colorado 1938, it put the DC-3 into ser- airliners. that the Eisenhowers have their vicc. Ten summer home. Since the Pres- the Brst Internal United States operate tho four- dent also works there during airline to
unother plane vacation, his Colorado residence engined DC-4, is sometimes called the "summer which *as economical DVCT
short White House.”
stages. Then, in 1950, the
New appointments are company bought twelve Con- Hellations which were put into nounced on the design alde of on high-density routes. The de Havilland Aircraft Co. service Despite these ruecesses, Capital Ltd, to cover the delegation of went on seeking an aircraft ties between Hatfield and Under M. R. E. of the which would enable 11 to stay a Christchurch, In the current issue
lump ahead. After compleng Bishop, OBE, FRA08, Design Vickers Magazine. L. L. Doty
Via Director, Mr C. T. Wilkins, tells of the special problems and a thorough study of the
Dois anys
"Capital OBE, FRAS, becomes Chiat requirements of Capital Air-count,
an aeroplane which Designer (fatield) and Mr W. lines, which recently ordered had found
dis- combined the chameter stier of the A. Tambliu, AFRÁS, AMINA, sixty Viscounts. He also cusses the vital considerations cog and short-range plants with becomes Chief Descr (Christ- which led to the choice of the out the encumbrance of prohibi-church). Mr J. P. Smith becomes first turboprop plane ever to be live costs." used for passiter service the United States.
notwork
in
feld).
M
Wellgner
A.
por lb. were as follows:
March/April
•May/June July/Aug Od/or
Dec/Jan.
Diela)" value for apot
American middling
include:
32.04
LONDON
Pakistan
Hongkong
Chicago Grain
Prices
Chicago, Jan. 19. Prices par bumaci in pellet
Belgium Holland
Ind'n
The market was frm. Prices Sept.
closed today in guilders per Nov, kilogram, cli Ftb. as follows: Cor. No. 2, yellow
101 buyers Spot 2.30 buyer my 1.75 buyers July 1.90 buyers Sept.
United Press.
Singapore
NOV.
Closing prices
233n
229-31
THE ROYAL BANK
OF CANADA
Head Office, Montreal CONDENSED ANNUAL STATEMENT 30th November, 1954
Cash on hand and due from banks (including
iterns in transit) Government of Canada and provincial government securities, not exceeding market value ...... Municipal and other securities, not exceeding
market value ....
Call loans, fully secured
Total quick assets Other loans and discounts Mortgages and hypothees
NHA. (134)
1
14-
Assots
J07%
1539%
1104
-1203;
324-12314
22,072,390 24,194,181
$ 487,429,065
Ryo
909,888,546
Mar.
Mary
288,188,034
150,306,203
Stock Market
Data Max. May
30
Soybeans, No, &, yellow Spot Jan. Singapore, Jan. 20, Brokers today quoted to fol- Mar May July 33.24 lowing stock prices: $2.01
Jan. 19 Jan. 20 || Sept. Closing Opening Nov. coltons | British Borneo Petro-
Barity, 34/ Jeum Syndicate
Spot Corolidated
$1,881,900,848 1,031,020,844
The insured under
Bank premlacs
770-2004
Liabilities of
undar customers guarantees and letters of credit Other assola
acceptances,
59,340,585
7,152,010
130-1930
$3.028.805.044
Amellors, Ordinary joziie
28/01 21/cd
$2.00 82.00
$0.00 $8.00
New York flour
200 1b, sack
814.760 sunited Press.
Liabilities
Deposits
$2,707,548,140
59,349,568 23,004,400
Total liabilities to the public
$2,879,983,180
Exchange
Capital paid up
Itest Account
03,019.720
London, Jan, 19;
Undivided profits ·
1,504,076
$3,020,896,844
Montreal
M
und
·OVER, 199 BRANCHES in Canada, West Indies, Centre South America Offices in London, New York and Part
18/10th inch eine 32,60
154h books.
Mexican, middling
20.70
1-1/2 inch .................... 3443 Olbare were sinchanged.
SAO PAULO
$1,110′′. #1.114a
Frater and Neave Ltd.,
Ordinary isme Teamer and Neova Lid.,
(9)%%% cum. pret Heek and thanke fil-Blank Corpora
kuloniai” Nei
Mileyni Breweries ..
Singapore Cold Storage PLA
Insurance Stcalls Tradin Braila Meemunip in the United States, the United number average price of 15/16 midating: 14 Destinare alessa at 10 designated spot markets | Pionirkon ik in was not available. Bales-at-those-firsteling-ra
"eumid}♥"Cun contres totalled 26,883 balear Unitech Press,
July
Dec.
Future closings, in cruzeiros Deputy Chief
(Harper kilo were ne follows:
March Peters,
May AFRAES an Furthermore, the Viscount's AFRAES,
ER. Owen Mr E. and
Ort. Chief Acaistant The geographical pattern of riding comicat, low noise level, fainel) and M. Hamil Canalf
unurval freedom from vibration, largo
AFRAGS is Assistant
Chief although it is one of the biggest windowe and other features give
(Christchurch). This American carriers, carrying over the airline additional sales tools Designer 2,000,000 passengers
1983 with which to combat saharpened arrangement will enable Mr with
emminting to competition."
Bishop to. devote, more time to TOVODISEN "more than 40,000,000 dollars. Capital is launching the Vis-the study of new aircraft in their
network covers 8,500 count, the first turboprop plane early designí niago,
London Foreign
Acceptances, guarantees and letters of credit Other liablition
41,809,883