TRANSPORTATION Full Flight Simulator To Train DC-8 Flight Crews
THE captain of a Scandinavian Airlines System
DC-8 jetliner approaches an airport, is given clearance to land, and a few minutes later touches down-all without ever having left the ground.
This, briefly, is what happens, Jug built at the airline's head- in a new electronic "DC-8 jet-quarters in the Swedish empitni. technically called a full ligh! SAS fleet of seven DC-8 will simulator" that SAS has go into operation on the airline's ordered to help train its flight, interventimental and twin Pular crews in the jet age
Fules early in 1060, REALISTIC
which The DC-únulator completely reprodvers the sight and "feel" of jet fight is the Art Buch training devic for a commercial Jet transport. It was developed
buff
Aviation, Inc., of the States.
Link United
CHECK-OUT
The first of these simulators
SAS nie will begin flying a 12 medun-ronge Beet Caravelle jets on its European and Middle and Near East ruthles next year An electrunte "Cara- Welle" alar
DC-4 to the Anulaturalsu has been order-
The DC-8 simulator realls-
d.
already has gone into operationtically duplicates all flying condi
at Douglas Aircraft's million nous froin take-olf" to land- dollar Jet Training Centre Los Angeles.
in ing
It 15 built around a full- sente reproduction of the actual DC-8 light deck.
SAS Bightt personnel wil begin their DC-8 flight "check- out" in this Fanlar in the near future.
This ground training will con- nur in Steelthohn when SAS installs its own DC-8 simulator. The dovie will be hongast in a. giant "Simulator Hall" now be.
DE HAVILLAND
CARIBOU FLIES
de Havilland Caribou
And what the crew sees trum the enckpit is a complete airt and its Aurrounding area.
This "airport" actually a detailed three-dimensional pic- ture thrown on a screen by а tylevision cameru.
The picture is transmitted fran the "map room" of the simulater. In this roun, there is scate model or map-complete. with runways, houses, hils and rivers.
arca
This map. 70 feet long and 10 feet wide, represents an 21,000 feet long and 3,000 fout wide.
THE do Haina full flight A television Camera moves
on July 30 following short
hops the day before.
correspond
jo the "fight mattenvers" of the simulator. The picture it takes is then pro- Ljected on the screen in front of cockpit-bul so enlarged the the de Havilland Enterprise and is that, to the crew. It looks ke being tested from the runway of the real thing.
The Caribou is designed the Canadian Company of
their factory Toronto.
Downsview. At
NIGHT FLYING
::11
#
The lighting of the scale model Deliveries of the arcraft willen be made brighter for "day start in 1933 to the Canadian
light Night" and darker for placed who government initial orter on behalf of the night conditions,
In addition to this visual United States Anno
realism, the DC-8 sanulator reproduces the sounds und mation of the jetliner, as well as The Caribou is a specilised the "feel" of the controls. The type of utility irangori airerat, eccipit includes all 120 Instru- not confined to runway airportments and controls used by the
landing SAS DC-8 crew. to se sher1
a rugged Everything and having
SPECIALISED
but ble
strips.
structure
MAR
in the DC-6 or troup trainer is linked electronleaily. For freight angel, with a
loading! The
television camera, for ip the ramp for vehicles. It is a twin-example, is connected
jetliner" in such a way that us engined giremift,
the captain "Ales" the aircraft, Curry 28, the nera makes a cortes- troops in full battle order or up: pond.ng reaction.
The Caribou can
to 211⁄2 tons of freight,
That means that en take-off. the capinin sees the Image of
streaks
It can clear a 50. obstacks the runway move beneath the less on 850 feet frem e saling as the "DC-8" of roll and when lending weer a similar uletacle will be station into the air.
ary in 1,00011. It is powered by to the pilot's use of the controls, the fungus Pratt & Whitney R 2,000 engine which ach develop 1,450 h.p.
that air speed, altitude
The cockult instruments react
and recorded
were?
ahe
THE CHINA MAIL, THURSDAY, OCTOBER 9, 1958.
REASON
FOR BONDS HONGKONG WEAKNESS AND
STOCK
EQUITIES STRENGTH EXCHANGE
EQUITIES
By SYDNEY GAMPELL
London, Oct. 8.
Our Own Correspondent
Business done on the Honze
Exchange this
The distaste for the US. dollar may be superficial. kong Stock
morning amounted lo approxi- Alike in Europe and Wall Street people sub-mately $402,000. Noen quotations consciously probably do not believe the way they are acting.
When there is a flight from a currency, bonds are demoralised and stocks' boom. But the
verre is not necessarily true.
and the moralag's transactions
were:
U.S. Treasury bonda took a DANKS dickens of a pasting.
1X unk..
In the first half of this year
at
Both the weakness of U.S.the market abborbed some huge Treasury bonds and the strength Issues and there was for more of Wall Street equities rapable of independent planations.
are
EX-
funding than war realised the time.
Shares Buyers Beilers Bales
240
585
750 DO 1825
450 2000 4 3,90
1000 & 5,90 1000 3.00
SUPPING Wheelocks
DOCKA, ETC. Dock Provident 1.10 12.40 LAND, C HK Hotel. Land.. tumphreys irenity
In mid-June the Treasury made a bad mistake on tho market, which compounded It by a worse mistake of its own. It is not cany for a control bank to know what to do when, on the last of the three days of
Government operation, Trust holders of tax certificates
and A. Tawah.. Sungala + similar shorts suddenly decide 10 convert them into 7-year UTILITIES bonds en LRT,
Becauso of the tax relief on the interest, corporations profer to anance by band issues (and get into trouble from their stockholders when they do not) while the big institutional in-a vestors increasingly want to buy the range of blue chips.
SCARCITY VALUE
Su the Jatter acquire starcity value which con casily keep them going up but can also easily make them vulner- able. After all, we have been here before in the middle of
last year and a few other times.
America's New
Small Car Unveiled
BIG PROFIT
People who had bought the February Issue saw a big profit which they intended to take as soon as the six months capital-
Tram
21.40
30 30 1000 20.75 14.00
1.30 1.40 7000 1.375
1.05 1.073 10000 1.05
1.51
2.20
150
25 2520
!
Youmali C. Light... 17.30 17.40 Electrie
4.00 25.20
13.00 13 03
23.80
(818) 723 735
golps period expired. Many of them bought the June issue as Telephone
anticipatory reinvestment and came terribly unstuck.
Another way of looking at it
ភាព
is that in June everybody was
buying bonds on the idea that the central bank would go on inflating, and thereafter aobody would buy them because of an idea that the central bank will
++
INDUSTRIALS
Cernent
JURES, ETC mairy XD 15.00
Watkin COTTONS Textile
3000 LUS 2000 1:05
Page '9
Top-Ranking Shares Make Wide Gains
New York, Oct. 8.
Wide gains in handful of top-ranking issues gave the
stock market an appearance of strength today.
Capitalisation Of Reserves
The Chartered Bank announce
International Business Machines which gained 26 4 points in the previous scasion,
ran up more than 16 pobits at ItA best. Addressographi Multigraph spurted "máép tling eight and Pitney Bowes, another member of the office equipment
than group, use more points.
Several issues included in the stocks used to calculate the in-
Ave
Dow Chemicals Duport de Nemours Ensler Airline
Ersin Kodak
El Paso National Gas Family Finance Corp. Merione Trie & Stubber Ford Motor" General Dynomiten General Electrie General Foods
General Motore
Gen. Pub. O, Gen. Tyre & Rubber datiy ỏi calloden Co.
Goodrich (D. F.) Co.
(Gruminan Aircraft
proat-Gulf Oil
that at an extraordinary general meeting of siocicholders held in London on October 8, the authorised enpital of the Bank dustrial average were given a Goodyear Tyre was increased to 40,000,000 by which to help balance off losses
sufficed elsewhere by capitalising £600,000 out of
1dding. the Reserve Fund, to applied
Du Pent rose three points und In paying up in full 000,000
Interrutiorul Paper 2 points in shares of £1 cach, to be issued
this group. Bethlehem Stect to stockholders on the register on October 4 in proportion their existing holdings.
to
At a meeting held subsequent- ly, the Directors restored 400,- 000 to the Reserve Fund. by 800 25.20 1000 € 25.10
transferring a simlar, sum fram 40925.19 Contingences.
400 $ 17.30
28220
23
314 13.70 2013.00 1104 13.4t
440 Gr 24
1258 or 7.25
500 7.35
23.70
83003 13
1000 / 14.90 250 15.00
21.10
3.47
7.10 7.25
4.00
go on deflating. The words "go INVESTMENTS on" explain the mistake.
It is not certain that the central bank inflated at all; one of the best economists in That
Allied
and fully paid up capital of the Bank is now £5,000,000, while the Reserve Fund now stands at £6,500,000.
The authorised, issued
covered an early lom but small declines held in such Issues as U.S. Steel, Chrysler, General Motors and several other lending members of the Industrial
Most
Active Studebaker-Packard, most nc- five Issue, set a new high and then retreated to the previous close. American Motors gained nearly a point, Late in the day a black of 25,700 shares of Thermold sold at a small gain, Of the 1,239 issues traded,
Commercial Union 512 advanced, 473 declined and
Interim
London, Oct. B.
Commercial Union Assurofre
Heyden Newport Corp. Hingstake Mining Co Ingerwol]-[{
Faland Steel, Co, Interchrmteal Corp. Int'l Business Madnes Inti Barvester 10jerational Nickel International Paper Ini Tel & Tel John-Manville Co. Keiner Industry Kanem C. Power & Light Rennecott Capper Liggett Meyera. Tub. Lockheed Akromfi Low Inp Lone Star Cement Co. Lowenstein de Somal
McDormat 3. Bay McDowell Attor
Stock Expo.)
Mensbé from Corp.
Minnesota Minima Mission Development Mockinto Cheyteal Montgomery Ward Mothrada Jne.
254 held unchanged. New highs | National Biscuit Co. were art by 128 stocks and new lows by only 6.
National Can Reg. "A" National Dairy Prod. National Lead ......
New York Stock Exchange | National Steel Corp. volume was 3,000,000 shares.
New York Stock Exchange
Campany has announced an in-bond volurne was $6,020,000.
terin dividend of Ild per unit
American Stock Exchange en capital increased by one for volume was 1,200,000 shares. one free scrip lesue. This com- Duw-Joues pares with is 6d per old capital.
unlt on were:
Washington dentes the entire UAW Cancellation November 4. It should not he is utiles
infolion, on the ground the Fed expanded the credit
South Bend, Ind., Oct. §. Studebaker-Packard, cater- ing to the growing need
buse by much less than in the for small cars and its own
last recession (perlings because ailing profit columns, unit was little slow to counteract velled Its new, small, the full effect of the gold out- economy car.
flow; and that expansion of the credit base is the only real inflation. Without such an ex- American pansion the music can go round Rambler, and round and you can have newsmen the time-lagged "retail after- math of what happened at the long ago, but wholesale level you cannot have a new infla- tion.-China Mail Special,
The 1959 Lark, shorter than and competitor of Metors' Robel Six was previewed by here yesterday.
Company President Harold E. Churchill said the Lark was designed to put Studebaker- Packard in the black for the Arst time since the merger which created the m in 1854. Не refused to predict when prots would begin mounting.
ORDERS
Dealers have alrendy ordered Larks totalling more than half of the company's production of 40,000 units of all models during the 1958 model year, Mr Chur- chill said.
for
new
Detroit, Oct. 8. The United Auto Workers Union today served a 10-day contract cancellation notice on The American Motors Cor- poration.
Negotiations contract were resumed today after a reçess of almost four mouths during which time the union negotiated agreements with General Motors Corpora- tian, Ford Motor axi Chrysler Corporation. Chinn Mail Special.
stocks
30 industrials The dividend is payable 37 20 talia
taken as implying any Increase 40 bends
the lowl distribution for 1158 but ma on equalisation of the interim and final payment
China Mail Special.
In
Exchange Rates
Business relea
closing
Comm. future plice index.
New York Central Norfolk & Western Ry. North Amer. Aviation
North-west Airlines (Coms, )
in Mainon
Otis ElevatĀrs Owen noua Glam
averages Oxford Paper Ch.
Closing Prices
Alden Ine. Aey, Cremick Red Mills Inc.
Allis Chalmera ...
638.31
Pacific Gha de mec
Pars American Airways
Prekinuunt Pictures
Parke Davis Co.
160.02
81.85
189.20
Penny J... Ca
Penn Suit C.
$6.50
Philla Mark
150.60, Probber & Gamble Co.
Pinburgh (:te Glass
Publicker Indrasteles Pure 01...
Radio Corporation
Radia Com. Pref.
Remble Elecl
Reynalda Metel
Spa, vetruck & Co.
$ 21%
25
2642
Am. Brak 800
4312
American Airline
American Cable & Radio Corp.
American Cyanamk Co.
Small Oil Co....
Amer Foran, Power
70
Seat Rex Przer
46
11
5.00
Am. Mach. & F'dry, American Metal
402%
za
18.02
Ameron Smelting
1255
~6.10
| Anurican Tel z for American Tob. ""
25.167
Anaconda Copper
1.80
Armico Steel
locat the was done in exchange
market BIK morning at the following tat- U.S. dollar (par) $1), Sterling notes iper £11 Australiati netes (per £11 Indonesian rupiah (per 100), Sam leafs (per 100) Singapore (Straits)
AMERICAN COTTON
"The new Laris out to cap- ture an important share of the fastest-growing segment of the American automobile market." The Mr Churchill said.
The demand is there and 1 believe we are going to get a shure, The overnight success of our Scotsinan last year coniliza- ed our belief in the soundiess of the economy car market.”
Mr Churchill sold with pre- sent plant facilities Studębuker. Packard could produce 280,000 Larks, but he would not pre- diet how many would be sold. -U.P.I. the
ather reading The Caribua follows In the rxactly of the plane
climbing or descending. formula of the de Havilland
Aud an instructor, sitting in a Beaver and Otter single-engined nearby control Short-take-olf transports which reduce winds of varying direc- room, can in- have been sold in large numberstin
velocity inte the Canadianulator, and send world-wide by
nuviga- Company.
tional ndio signals different broadcast bands.
મ
on
six
Chicago Grain Market
Grain
Chicago, Oct. 0. futures closed today generally fair on the Board of Trade,
ESTIMATE DROPS
Washington, Oct. 8.
Agriculture Department today estimated 11,675,000 bales of cotton will be produced this year, down 430,000 bales from last month's forecast.
LONDON
MARKET QUIET
Stock markets were
London, Oct. 8.
more
Today's es-imate based on Oct.
I crop conditions, com- pares with output last year of 10,964,000 .bales and 10-your average production of 14,130,- 000 bales.
This year's prospective pro- Curlan will be added to n carry-over supply of 8,700,000 bales.
The total number of bales en hund would be enough to meet any export demandi for almost two years.
The Crop Reporting Board es- timated cotton yields this year will average 409 pounds of lint compared with last
quiet today but the gen-nis nere.
eral tone was satisfactory | year's 388 pounds and a 10- and a good selective de-year average of 317 pounds.
mand persisted.
Option
dealing: again oc
EXCESSIVE RAINS
An. Con & Elec
Ain. Home Prest
Armour
Atlas Cona, Mining Bakiwb-Lim-Ham.
Baltimore '#',Oblo
Beneficial Flince
Bendix Aviation Corp.
Benguet Cona.
Bethlehem Steel
Boring Airplane
Barden (The) Co.
まちまし
Do
601
1546
Sinclair Ol
Hoeony Mobilgil
Solar Alterpit_...............
South Puerto Rico Buxar
Southern Co. ¡Ther
Southern National Gra
Southern Railway (Com.)
Standard Brands
Standard Oil of Cal.
Standard Oll of
Standard Oli ht
ja: Sleep Rock (Toronto Exge.)
Sterling ug Co.
Stokely-Van Camp.
Shaker Packard Corp.
Bunahing Mining
Swift & Co.
TeXAT CO.
1344 Textron, Inc.,
Tide Water Am öli
Time Inc.
Tri-Coat. Woeranta
Twentieth Century Fox Film
Burroughs Aid Machhie
Calif. Packing Com.
1412
Camptal Soup Co.
Canadian Pacific R.
Case (1) Co.
201
Union Carbide
CAL Tractor.
Union Oll of Cal.
Celanco Corp.
23
United Alreift
ELT. Mañcial Carp
United Co Corp.
Chase Atonhat. Dank
67
Chrysler Motors
58
U.S. Cyprin
40
US. Line Co.
70% US. Tubber
Colombian Carbon Co. Commercial Credit Commonwealth Elec.
43% 7. Smelting
002
US, Bicel
32
US. Bleet 7 P.C. PP
·Consolidated Edison
50
Wome}" Brod.
Continental Oil of Dal.
581
Westinghouse Air Brake
Crown Zellerfagli
ME
Westinghouse Electric
23
Weklim Union Tel. Co.
Wrekruty & Paper
31 Woolworth
~U.F.I.
Clutt Prabody Colgais-Palmolive
Cihan Amer. Sugar Diamond AlKATI Diamond Match Co Douglas Aircraft
COMMODITY PRICES
FORLIGN= EXCHANGE
NEW YORK Closing rates were: Canada England oficial'
30-day
DO-day
Auricola cupled a good deal of atten- The Crop Reporting Board New Zealand" tan but yesterday's 1,000 deals said
rairi excessive
during South Africa
Beldum wore not equalled,
September reduced production switzerland British Funds closed with prospects in central and west Argentina gains of up to 3/10.
Uruguay In the
The entrance of export houses Into nulready vigorous trade foreign bond market Greek triggered another day of heavy lanes made further buying activity.
Wheat No. 2, red
нов
eased.
FRESH RISE
headway
ern areas.
SINGAPORE
The market opened slightly lower in sympathy with overscas and ruled steady at lower level. There was better interest for October No. 1 Rss and ruling discount narrowed appreciably, No. 1 rubber per 1h. Oef. 0431-047
Nov. 0434-05 No. 3 rubber per là. Oct. BZION
8115-819 No. 3 No. 4 1.03 3/32 Spod rubber unbpled in B4-04
Blanket crepo
7D2-121
*
The rubber market was steady with spot quoted at 24-15/20
2.001
2,00
No. 1 pale LONDON
2245
2.7994
201
unquoted
2333
pence per lb. Prices;
.1160
No. 1 Rs spot........ 2435-25
Set:kument house team:
Nov.
MIL-25
2106
Dec.
20-00
2100
Jasuala
Apr Ahino
July/Sept.
251
Central markets, ci banis, "porías: Oct.
LONDON
Closing rates were: New York lost-cal Amsterdam Sportk firs Milan
28044-280 33/18
2.72 6/16-2.12 7/16 Dec
Nov.
10.501-103974
Estate-crepe thin
Chick Dot. ...
-U.P.I
The indicated yield per har-Pakistan but Chinese Ad Germans vested acre of 450 pounds, while
17 pounds less than the Borr estimated one month ago, is 104 on
still an all-time high, 52 pounds Dec. 1003) 1993; (0) 19656-196
Dollar 23015-11
again above the previous record. stocks were 1992-P" marked up following yester-
In the Carolinas and Georgia, 1071-day's fresh rise on Wall Street. | the Board safd. September Parts
Canadian Bank shares were weather was favourable and Stockholm once more in demand
yields are better than had be There was considerable inter- expected. In the central bolt, 129-130 11-% est in industrials and several however, where the crop was 1131-110
Talready two to three weds 1105 good features developed. 11a-2
favoured and fate, heavy September rains most closed with useful gains. slowed maturity and seriously
|Enterfered with harvesting. Oils were im-U.P.I.
Mar.
May
July
Sept.
L89%
Corn, No. 2, yellow
Spol
Dec
-BLAX.
Now Dee.
Mar.
May
12:
MyC
*Dec.
*Mar.
12315-5% 13172
Qata
*Dec.
BAY
Mar.
03%
Boybeans, No. 2, yellow
Sput
New
246 21031-7%
Jan.
Mar.
The "map room" of the DC-8'simulator: a tale- vision camera Yes over the surface of this scale. model of an airport and its surrouadlogs in response to the "fight manoeuvres” of the simulator.
Naty Harley.
New York four
200 ib. sack
22511
blue chips were
Shell-Gulf Agreement
Helsinki, Oct. 8. The Finnish Government and two foreign off compentos operating' in Finland, Shell and ĮGALE, kávu aigned an agreement Hin which the two companiga. agreed to buy 450,000 tons of
12- Russian crude,
The
1744-074444 117034-11701
144056-144875
72.36-12.30
Vientia
Zurich
Others unchanged, - DEY
RUBBER
NEW YORK
Rex rubber futures today
With rank growth and heavy foliage, continued mine caused serfous losses from boll rol especially in Arkangas, "Missis stpat, apdı. Louisiana. quality of the trop in this area seed 25 to 35 points higher we huo brduced, the Board with sales of 60 contracts,
Closing prices: Bald P.I
helps to agreement
סוויני
Agreed Merchant
Rates
Canadian Dollars, maximum
Nov. Jan,
Mar
May
Nov.
Uct. Dec. Mar
LIVERPOOL
32.33
Cotton future closings, in pence per ib, were as follows: American Contract
Cot/Nov
Doc/Jan
Mar/April
'May/June
July/Aug.
Mixed Contract
Out/Nov.
Dec/Jan Mar/April
MAY/J July/Aug. OCR/NOV
BAO TAULO
All prices unquoted today.
In the United States; the average price of one-inch cotton at 14 designated spot markets was 34.75 centa.
Total sales were 20,030 balca. --UP.I.
METALS
NEW YORK
Prices of
closed today in cents per lb, a0 follows Leid
Kine
COTTON
NEW YORK
Spot
Oct.
Prices of cotton futures closed today as follows:
20.10.2011. 20.70
Dec.
Dec
Mar,
30.00
Copper Oct. Ta
Dec
ત
hay
July
30.64 54.79-80
Dec
Max.
32.70
NEW ORLEANS
100
otal futures
12,306
,12,137
10.784
27.71
-XY, DUB
03:00p
Prices of cotton futures closed today as follows:
Boot.
01,605
LONDON... Prices of metal glowed today
In sterling per long ton as follows:
Burets Selleza
AMSTERDAM
Oct.
The rubber
nurïdet wu dull.
DEC BAY. MAY
July
balance Finland's sole all re-selling, 16%, minimum buying, Quotations ware all unchanged
I today.
finery at Naantali-U.P.I.
17 T/T; 17-1/10 O/D.
in spot
3.monin
54.78
Copper, apot
みくすね
3-month
30.73
Lend at
BETAL
34.00
Kine 1st half