PORTATION
U.S. AIR NAVIGATION EXPERTS TRY
OUT NEW
SYSTEM
New York, Feb. 2.
AMERICAN air navigation experts flew in a
British Comet IV jet airliner from Idlewild airport here to Vermont today to study the per- formance of a British short-wave navigational system, proposed as a supplement to the present American system.
The system, produced by the Decen Navigator Company of
London, consists of aber Keeping Ice Away
of ground stations which sead
out signals to a special Instru-
ment tarriett in a plane The From Propellers
instrument shows, by a moving
Ludle on a map.
position of the
given time.
FULL USE
the exact
plane at any
at
Wing Commander Harry Wood, Deputy Director of Con-
and Navigation
the British Civil Aviation Ministry, told the U.S. experts today the sem "enables us to makes full use of the little air space we have in the United King- dom." It is widely used in other ind Britain
several European countries.
system The British
would supplement the high-frequency "V.O.R" system generally used in the United States, in tocations where the V.O.R. by itself cannot meet traffe quirements in heavily travelled
THE
now
four-engined Lockheed Electro turbo- first prop airlinortho turbino-engined airliner to be granted a U.S. Typo Corti- ficato has a safety device invented and developed by a British company.
This device, Spraymal, is on electrical heater which is applied to alreraft components to safe- guard them against the dangers of ice formation. It was invent- ed and developed by the Flight Development Establishment of company and on the a Bruch Electra is used for the protection of the propeller spinners.
'The device consists of elvellent heating elorents sand- two layers of wiched between
lower Insulating material, the forming also the adhesive which holds the system to the com- the upper sur- a preil-ponent. When meeting of the face is able to be damaged by minary
ever-present International Civil
Aviation rain and hallon
risk with high-speed aircraft or Organisation, to Le belu in
by stones thrown up from the Montreal tomorrow week when
runway an additional protective of the British The adoptione
coating, la unually applied. Foster In the U.S. will officially considered.-Reuter, APPLICATION
arjanes,
Today's
trial was
ព ·01
tes
bc
A the Electra flies at 450 miles an hour, the Spraymat op-
Ship Docks On Ownication on its propeller spinner,
In Tugboat Strike
Now York, Feb. 2.
had to be given the additional protection,
The Electra is one of a glow- hug number of modern aircraft which have components protect- ed against Icing dangers by include the Spraymat, Others
THE first large ship to Fokk Friendship, Bristol Bri for New York har-innia, Armstrong Whitworth bour since 4,000 tugboat Argosy and Vickers Vanguard.
Severál military, types also have operators went on strike on Saturday, docked under its the system. own power today without ony difficulties.
The 10,720-ton Dutch ner Noordam was eased by its cup- tufn to the Dhoboken Fier, on the Hudson River's right shore In New York harbour proper.
Tughout operators belonging
to the United Marine Division
the
of
Its popularity can be attributed to its light weight, the manu- facturers state, is water-thin- ness, Its versatility and the case with which It can be up- plied even to the most comm- curvatures, plicated compound
as well as to its efficiency. (D. Nupler and Son Lid., The Vale, Acilen, London, W. 3.)
Maritime National
Union. wila usually man 400 Uneconomic For
crafts, were striking for a one- dollar hourly increase in wages. They have rejected a 14-cent an hour increase this year and Another seven-cent increase the next year, offered by the Marine Towing and Transportation En- ployers Association.
A medlation attempt will be held tomorrow. The last tug- boat strike, in 1957, lusted 30 days-France-Premie.
Ocean-Going Ships
Beaudes, Montreal port manager sald
going vessels
it
that ocean- would soon and uneconomic to take their cargoes past Montreal along the St Lawrence Seaway to be Inaugurated this spring.
Reviewing the past censon's Retivities, Re Eid!" "Sunway or Montreal would no soaway," always remain a major terminał iners now port. Many ocean Roing to the Great Lakes were because of fear of three "But in competitors. years they will awoke to some hard facts, because beat (K.P.M.) Canadian
lukezhips will
KPM Sells 13 Ships
To Chinese Operators doing
TILE Royal Netherlands Steam-ve
packet Company
has sold 13 ship of its fleet, them economically. which discontinued inter-island
services
In
the
Indonesian
archipelago after the outbreak Floating Hotel
ol the
anti-Dutch campaign
there last Decembar.
Shipping circles say that the
been solet
versels havo
Chinese shipowners.
THE
Ilner Union Castle
Castlo Transvaal
to be built on Clydebank by John Company Limited Brown, and will be a "blue print for the of the future,
lle DeFrance Withdrawn passenger liners
say the bullders.
The chip will bo the first
TUIE French Line aunounces retel ship on the South African
that its
44.956-ton
trans- | Mall Service with publle rooms Atlantic liner, Ile de France, available to all. used on the France-New York This keel of the new liner, to
run
sinca 1027, in to be with- drawn from service.
The ship is technically sound,
but expansive to run.
Tanker Programme
BRITISH Petroleum Pa
in to obtain another
be about 84,000 tems anil custing about €10 million, have been fuld oid building will take
thee years.
Shipping House
A
million of aulalde finance from banks and institutions for shipping and confirming house. massive tanker bulldmg pró- Komnino.
THE CHINA MAIL, TUESDAY, FEBRUARY 3, 1959.
Wall Street NEW IDEAS
Turns Irregular
New York, Feb. 2.
BRITAIN IS THE BEST COUNTRY FOR JOBS
la jaka
A
Stocks turned irregularly lower today after
feeble attempt to advance early in the session.
For a time the steels an: eappert moved Higher and some
of the chemicals improved Then prices slipped off from their best levels. Somo lending Issues 1 the Industrial group were hard hit, notably Good- Ja
American Telephone, Alller Chemical, Easinun Kudlids, and U. S. Steel. These lust one to three points.
Oll states met selling and fell fractions to more than a
point. International Paper was
down
a point in a section, Automobile Inses slipped lower.
Graham-Fatge, selling for less than four dollars a share, ied the market in turnover to a blocks of 45,000 shares.
phead
Steel shares moved under the lealership of Bethic- hein which at its top, a new high for the year, was up more
than a point.
Motors
American Motors lost nearly two points and other motors
Juwer. Bath were irregularly slipped back. Utilities barely held their gains. Lein & Fink and Rexall made new highs in the drugs.
Pitney Bowes ran up mote than live points on a three-for- one stock split proposal and a higher dividend and then ensed a bit from its high.
Gains of two points or bet- ter appeared in ACP Industries, Beckanann Instruments, Bush Terminal, Magma Copper and Minneapolls Honeywell,
Copper shares noved higher on price increases by several copper production companies,
New York Stock Exchange bond volume was $7,700,000,
American Stock Exchange volume was 2,080,000 shares.
New York Exchange volume was 3.010,000 shares.
Of a total 1,245 Issues traded, 438 higher on 555 were lower, the day
United Aircraft
U.S. Poll "jpu United Fruft us. Gypsum
Site Co.
17.4. Hibber US. Smeking
4. Set.... Westinghouse Electris Weiterit Union Tel. Co.
HONGKONG STOCK EXCHANGE
Our
ME
TOBS are
Canada
361.000
Out of work
Percentage umerplayed
4.5
6.0
By PHILIP DITTON
MEAN MONEY TO THE MEN IN URANIUM
London, Feb. 2. Įta reputation on no widespread MOTO secure in increases. and le encouraging; Brilala than in Canada or industry to start up new fac the U.S.
tories in hard-fill areks.
On the other side of the Atlantic,
America's unemplos- ment,
nt lightly more than 3,000,000, in way down on the midsummer peak, when the "auto recession" put 5,400,000 on the dole.
This graph shows that In of between
Britain an average two από three people in hundred aro out of work, com- pared with an averazo of four to five in the U.S., and six in Canada,
And in Canada, where ການ Businesa dona on the Hong-
Unemployment may by this jobs are of a seasonal nature, kong Stock Exchange this
time have already reached tin, the total has also dropped, con- morning amounted to approxl-peak. The Government stakes | päred with this time last year.
Noon quota- tions and the morning's irans. mately $023,000.
actions WTC:
J900
HILATES Buyers Sellers
BANKS
Sales
010
TG
55
200
INSURANCES Union
73
ik Bank. BCO East Asia
10 DANI
SHIPPING Waterboat 27 WARE CLK
DOCKS, ETC. K. Whart Dark ..... Iruvident,
(0) .....
0.23 5.63
RG
44.35 43.30 1100
12.30 12.00
LAND, ETC. HK Hole! 2.20
1000 HL Lane. 简约 1000 vn
2500 6
4.40 Humphreys 1620 Really.
130 1575
RUDDER Analg.
Tesut ..... A. Tawali. Surgala
2.00 ... 3025
2.10 2:0
1000
גן זצער
43
13.30
2.05 2.00
SATISFACTORY DAY
ON LONDON MARKET
London, Feb. 2.
It was a generally satisfactory day in stock market with selective buying bringing fairly numer- ous gains. Hopes of lower Interest rates In the not far distant future provided the main stimulus and the better trend in Wall Street on Friday was helpful factor.
to
Gilt-edged had a good day and closed with gains ranging 8/0. Greek and German bonda were strong in a quiet forelan
market in aircrafts and BMC and Fords were firm in motors.
were strong. Television shares hire purchase shares were firm.
London, Feb. 2. uranium Brial needs for Ita RITAIN'S uranium work-vivit power programme to copo
with export demands. Dors ciro earning extra
Nowhere in Britain can there
money for cost-cutting and safety ideas. It began when be a factory which is more the UK. Atomic'
safely conscious. Huge posters Energy The the wolls of every depart-
Authority asked its 2,700 mant.
workers at the Springfielda And all matches, lighters, factory, noar Preston, for cigarettes and tobacco have to suggestions.
One man suggested that oil should be delivered by road hi- stead of rall. Previously a f
be toglied in "confrabond boards."
ter was needed to coupe NEW
from tanker wagons 14 stórane tanka.
Now the oil, company tanker drivers do the work.
On the alert
1
In
its safety was doubled.
cup-
NEW REFINERY
FOR LUZON
the Decontamination
пе refinery with ail radioactive capacity of 25,500 barrels a day Centre where material is nude harmless, so in to be built on Luzon, the that it can be burned or sold for largest Island in the Philippines scrap crane driver suggested at a cost of £8.76 million. 100dications to his lifting tackle.
The refinery, which will have Another worker found a way platformer, will be financed Shell of re-covering hundreds of ear a new company, the Lorundum dises used in grindingning Company (Philippines) Inc., a joint British/Filipino "The whole works is alert for venture in which there is a 25 ittle ways of improving tech- cent Filipino participation. niques," said a factory spokes-is Company was incorporated
in Manila on January 9, 1030. man. "Each suggestion is care- fully considered by an awards During the construction committee. If it is worleable, period estimated at 2-3 years, the man ffels an Immediato enshell wlil provkle oli bonus. If it raves money AND foreign exchange required. Increases safely, the man gets two awards."
machines.
the
Three ideas Agreed Merchant
The response was great and
most of the leas caine from
process workers and charge
Rates
hands at the £12-millica plant Swiss Francs Maximum Sell- which will turn out all the ing 74.
*
Shares in the kaffir market advanced at the outset but the
quicter later. market became Nevertheless gains were fairly numerous. Coppers closed be-
as a result of a * Tram 27.40 7.000 2000 27.10 market. in foreign railslow the best
30 Canadian Pacific
went ahead fell in the metal price. 100 (1 14.50 and other Trans-Atlantic stocks
were generally botter.
UTILITIES
Telephone 25.90 20,10 cono a (N) 30 24.10
GOOD DEMAND
Star Ferry
Yaunau
C. Light
(0)
Dow-Jones closing averages
Electric
were:
16,70 10.00 1103 10.70
1500 or 23.10 2610.2000 1 70.20 (N) 24.10 24.50 2300
24.03
Macao
26
go industrials 20 rails
5.02.21
50.00
101 DT
15
10.73
Cement ... 25.50
There was
15 nicka
206.17
STORES, ETC.
10.20
244.28
Dalry 1049 10:00
Walcon 13.80
100-14.30
3.876
40 bonus
Comm. future price ladex
Closing Prices
Alden Ine. Ary. Allied Chemical Alila Chalmerg Aluminium Ltd. American Airline Am Gas & Electric American Metal American Sinelting American Trl & Tel American Tob. "B" Anaconda Copper Arm Sterl
Armour
Halwin-Lima-Home Baltimore & Ohio
Benefletal Finsner
Bendix Aviation Corp
Benguet Cone.
Bethlehem Steel Ducing Arplane
Campbell Soup Co. Canadian Pacifte R.
Carrier Corp. Case (J. 1.) Co. Catorplitnr Corp. Cerebrough Ponds
Chrysler Molers Clark Equipment Coca-Cola Colgate Palmolive Co. Consolidated Edison..
-Continental Insurance.
Corn Produnt... Crown Zellerbach Cuban Amer. Sugar
Lane, Craw.
Textiles..
MISCELLANEOUS
Vibro 15.20
INVESTMENTS rlici
COTTONS
$ 24%
ยง!!
21
311
507
2012
304
$19
231
10334
むら
125
001%
121
DO
0912
3.95 405
a good selective demand for industrials especial-
*
Olls were dull with Shell 2% shillings of at 145 shillings. Royal Dutch were down 2/6. Rubbers were quietly frin U.P.I.
*
Exchange Rates
1000 caly for those shares where divi-
dends are close at Imperial Tobacco
and British.
Babies was done in the banal unofficial chares American Tobacco Co
market thes exchange kirning at the fallowing cates: both
one gained
stilling.
U.S. Nillars (per $1) Several leading engineering starting aides (per Ell
Australian antem (per l shares improved and electrical
Indonesian rupiah (per 100) equipments showed up well.
Sam tea (per 1001
Yesterday's Closing
Hawker Siddeley were a good' singapore (Sarišta)
COMMODITY PRICES
METALS
NEW YORK
-Prince=of_malal futures.closed today in cents per lb. as follows:
Mar,
May
Copper Bar.
31%
Lead Mar.
illamood Alkali
May
Douglas Aircraft
5514 Zine
Dupont de Nemours
2105
Daw Chemical
7097
30
MAY
Tia Mor,
May
LONDON
Eastern Airline Eartman Kodak Ford Motor
General Electric
General Foods General Motors
Prices of metals closeti today
in sterling per long ton as fol. lows:
Frankfurt Oslo
Paris Stockholip
Vienna Zurich
20.033-20.03% 13.713-13 78 72.31-12.07
4-12.11 -U.p..
COTTON
RUBBER
NEW YORK
*
E&A
P.OBIE&
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL 5.N, CO.
OUTWARDS
*
#
"SUNDA" "CANTON"
LEAVES UK.
DUE I.K.
Ealled 10/1
9th Feb.
Ealled
0/1
17th Feb.
At Jan.
"CORFU"
"SOMALI"
"SALSETTE" "CARTHAGE"
HOME WARDR
"CONFU"
0th Feb.
BU Feb.
End Mar,
LEAVES ILE,
p.m. 18th Feb. 5 p.m. Feb.
Oll Mar.
14th Mar,
att Mar.
1st Mor.
BUS LONDON
10 Mnr.
6.71
15.00
"SUBAT"
Seti lor.
24.30
60
"CоNFU" "CARTHAGE"
"CARTHAGE" Neoa 231 Mar, "CANTON" Nooa "HIMALAYA" 11 p.m. 30th Apr.
Noon
Noon
13th Apr.
3th Apr.
27th May
20th May
8th May 6th Jun
0th June
10 July
-Rox-rubber- -futuron – today
arce lower to five points with sales of 17
Via S'pore, Penang, Colombo, Nambay, Aden & PL Bald. -
"SURAT" omite Columba & Bombay, and extends
1 Tamburk, Rotterdam and Antwerp.
"SANGOLA"
BRITISH INDIĄ S.N. CO., LTD.
due 18th Feb. alls 19th Feb;
from Japan
for Singapore, Penang, Rangoon & Calcutta
P. & 0.78. 1. JOINT SERVICE,
In Port
antie 4th Feb. tur Japan duo 11th Feb. fter Karachi, Bombay,
Cuchin Tuscorin satis 12th Feb. for Jayan
from Kandta, Bombay,
Eth Feb. from Japan Brüs 18th Feb. for Singapore, Benang. Bombay, Karachi. Dubai, Kuwait. Daarna Se Khorramshahr
dhe 20th May. from Japon
Penang, 11th Mat. for Singapore,
Cochin, Bombay, Kara- chi, Kuwait, Basrah Re Kherrainshahr
"ORNA"
соп-
*
"OKHLA"
29.63
21.95
20.85
20.00
"OZARDA"
Duo
20.00
29.90
LOYDON
The rubber market was dull
"ORNA"
closed
10.50
10.450
higher
10.45)>
tracts.
10.45)
March
29.75
LIVERPOOL
May
30.00h
103.00h
Colton
future closings, In
July
Nov.
0.0210 pence per lb. were no follows:
Jan.
Mar
American Contract
Mar/Apr.
23.05
May/June
22.60
July/Aug.
with spot quoted at 24% pence
Buyers Sellers
Oct/Nov.
20.03
per lb.
Prices!
Dec/Jan.
25.03
"No. 1 Rŝa spot
2416-2434
Baltiement house terni:
100 407
Mixed Contract
March
2416-247%
401
3-month Copper
260
7601
Mar/Apr.
22.05
Apull/June
242-23
May/June
$2.40
July/Bept.
200
230
3816
5123
Lead 15: half"
23912 2233
Judy/Ang.
201
Vol/Dec.
2316-2512
L-chat/Tipy.
20.00
Joss/Mar.
2016-251
Dec/Jeni
1.
General markets, ci hasin, ports:
Karena C, Power & Light
Feb.
70%
71
-U.FI.
Fcu.
May
1114 7216
March
Zinc lat half
Apri
Felz.
72
13
May
(Am.
7159 71% UPU
Estata crepo tin
Feb.
241%-74% 2412-243 24-2322
2571
"NELLORE”.
Extale crepe thick
Gelly O......
Gudden Ci
40
Goodrich (B. F. Co
Goodyear Tyre....
Tin
Homestake Mining Co.
mland Steel Co.
142
Inf Duress Machinez
Int. Silver
Int'i larventer
International Nickel
Int's Tel & Tol ...
Kenneroli Copper
Link Dell
Loows Incorp.
Lone Star Cement Co.
McDonnell (Alteraft
Stock Exte.)
"Minnesota Mining
Maston Development Monsanto Chemical
Nauteng) Lead '... Pacific Gas & Elte. Pan American Airways Paramount Pictures Parke Davin Co. Pittsburgh Plate Glaso Hadia Corporations Republu teel
itoynolds Metal
fhell on Co.
Sinclair On
Solar Alrotaži
Babeth Ca, (The),
Handard Brands Standard: Oll of Cal. #tandard Oil at Ind mfg of NJ, Bjerling Drug Co, Biokely-Var Chemp.
udeeker-Paard Comp Swift Cod
COMPANY called Sasilicorouthern Railway (Comi Has been formed with * capital of £100,000 to, act on a
Mr U. R. Marala general. manager of South African Sav- 240 million ink-end Credit Bank, is chair- banker fiancing operation atman. A public. Janzo moy. the beginning of lost your:
This follows o
bo Union Carbide ...
:
Union Pay
awar
00152
Spot
Spot
3-month
FOREIGN EXCHANGE
England emell
I
30-days
NEW YORK
Closing rates were:
Can
1.03
231-1/10 7.01
2.10-13/10
4.241
2,00
3 81-7/10
1404
1935
Australia
90-days
New Zasiand Bovith Africa
Norway
Ziyodon
LONDON
Closing rates were:
New York
素
SUCAR
NEW YORK
Feli
SINGAPORE
23-231
The market opened lower on disappointing overseas advices and ruled extrumely, quiet with
- World No. 4 dugar futuras volume small. Lower sheet in- closed today two to four points tercst selective but owing to lower with antes af 341 con-reserve of sellers. tracts.
No. 1 rubber per lb. Feb.
1131-04 Mar. 044-63 Dumeelle No. 8, sugar closed one to three points lower with No. 2 rubber per ih. Feb. 27-034 No. 3 rubber per lb. reb. “dzi1⁄2-190 sales of 133 contracts.
No. 4 rubber per i. Tab. 61
tinbeled Spot rubprene Blanket
Contract No. 4 (world) Maret: 3.11: May: 3.13. July: 2.10. Sept: 3.30; Des: 21 March: 3.84 May 14: Spol-icents per lb. Lob Cuba): 3.16.
Opeu interesi: 7037 contracts. Contract No. 4 (domestic) March: 441; May: dbs; Vuly: "Jan; EMPT TO Nay Boot-Coents 10-3711 D. of NT seduty) Do
Open Witz 2,041) pontenottami
77-70
AMBTERDAM No. 1 pale erupt 16.00
The rublis market, was dull today. Prices closed in guilders per klidgrain, elf Feb. as fol- Jows:
No, 1 rubber No. 2 rubber No. 5 rubber No. 1 chee
4.36 buyers
133
2.36
EASTERN & AUSTRALIAN 5.5. CO., LTD.
"NANKIN"
In Port salla 3rd Feli. "For `Labuan, Bandakan, (4 p.m.) Brisbane, Sydoay, Mal-
Deurne & Adelaide
dur 8th Feḥ. From Japan at 7th Feb. for Drisbane, Sydney, Newcastle & Melbourne
All vessels have liberly to call at any HOA an or off the resté & the route & sailings ara subject to change or amendment with or without molite.
For full particulars apply to
MACKINNON, MACKENZIE & CO.
OT HONG KONG LID. Telephone Nos: 271714.
*
字