TATION
NEW YORK AIRWAYS ADOPT BRITAIN'S
ROTODYNE AIRLINER
NEW
✅ THE CHINA MAIL, TUESDAY, MARCH 24, 1959.
New Issues
On London
Stock Market
London, March 23.
The feature of London stock markets today was the start of dealings in several new issues. This boosted the daily total number of bar- gains officially recorded, which at 20,028 is an all-time high.
י
in
Southern Kinta 7d.
Union Carp-535.
Cop
1.td-219
Generally there was пог great deal of movement prices buta Arm undertone was maintained with inhstrial į
meet
equites continuing to selective demand,
hac
a
HONGKONG
STOCK
EXCHANGE
hy
Our Own Cartexpundent
Business done on the Hong- kong Stock Exchange this proximately $1,902,000. morning nmounted 10 ap- Noon quotations and the morning's
transactions were;
Shuter
BANKS
Buyer Sellers
K Bank. 77719
Gudon ... 19
סמן
10 T
Bales
773
10
750
INSURANCE
2254
270 64
72
Lombard
SHIPPING
Watertuzat
21.49
2000 7
24
Wheelock
5.75
5.00 $100
1000
5.70
3.14
DOCKS, ETC,
Co., L16.-74
Ire's, XD 201
Provident.
West Delefonicin Goldmining- 1190 7594.
West Rand Cons-241 49jd.
OH
British Borneo Petroleum Byndt-
Petroleum
Billid.
JEW York Airways announced recently that they had completed negotiations with The
Gilt-edged recurities Fairey Aviation Company regarding the supply initially of five Rotodyne vertical take-off airliners, quiet day and only minor Surah-Ta 1914.
changes were with an option on a further fifteen. Delivery of balance. the first five is required by the early Spring of 1964.
:
11:
All-up weight of the Tyne- Rotodyne will bu 50,000 frompared with the 33,000 is of
the
i
recorded СП
Irregular
the
Foreign bonds were quietly hegular with Greeks easier.
nireraft with! -Dollar stocks reflected Napler Eloud 2,000 hp engines); į Irregular close of Wall Street rolør diameter will be increased on Friday, from 30 f1 to 194 fl; furologe length front 58 ft 8 in to 84 11 6 In overall height from 22 it 2 in to 23 11 2 in.
The aircraft ordered by New. York Airways is the bigger, Inster
pawr:ful version of the 48-sealer prote- type new dying 15 will be powered by twa Rolls-Royce Tyne enginis and wih carry 57 passengers (or 15,000 lb freight) at a speed of more than 250 mile stage 200 mph over (London to Paris) with full allowances. Maximum passenger
The Rolls-Royce Tyne engines inpel will be 65 (18,000 b Gf † will roch deliver some 5,000 shp. freight) over 120 males and the This engine is already an order in the Vickers Vanguard (for maximum range will be 950 miles. Approximate operating EBA), the Canadair CL-44 (for the RCAF) and the Short COAL per passenger/scat/mile
Britannic (for, the RAP). It is will be 3d.
The aircraft will be built by The Fairey Aviation organisa- tion In the U.K. They will costį plout £500,000 each. It is ex
ted that the Arst aeroplane willy in the Autumn of 1861,
the most advanced propeiler turbine engine in the world.
Research and development on he suppression of noise from
is Lake-off the t-jets at
successfully In proceeding forward Right, with the tip-jeta closed down, the Rotodyne is
ninrket
In the industrial market stee shares were again favoured on elcellon optimism. Motors were selectively support- jed nnd paper shares rallied after Friday's setback, Apart from a sharp rise in Hudson Bay there was very little movement in the miscellaneous leaders.
Shipping shares remained dull on the freights position. shares were generally
Tin
better.
Oit
New Mail Liner To her quieter than a Viscount there
Be Launched
London.
NEW Royal Mail Linas; A
liner, Amazon, will be launched of Belfast, Northern Ireland, on July 7, it was announced today,"
Princess Margaret will tame The Amazon, which is the Brst of the company's three air Cord.tienel
stablised
20.000-ton liners.
ti is expected that the liner will leave CH her maiden wxzze to South America on January 2 next year. She will be followed by her sister ships, Aregen, on April 20, 1960. and Arlanza, ta October 7, 1980. Reuter.
First Speed Record For New Aircraft
DRITAIN'S
BR
London. Fairoy Rotodyne, the world's first vortical take-off air- liner, hos set up the first spoed record for a new class of aircraft, Convertiplanes, the Royal Acro Club 01- nounced.
i
The record, set up on January 5. has now been confirmed by. the Federation Aeronautiqu Internationale, the Club snkd.
The Rutodyne, which is powered with Two Napier Eland Engines, covered a 100-kilometry : closed vireuil at. 190.9 statute.
Improved
shares improved ond was a persistent demand ind New York Airways are for rubber shares Fished that the aeroplane can brought further good improve-
operated into their Manhattan ments to these shares. heliport.
The Rotodyne prototype, built under Ministry of Supply con- tract, first flew on November 6. transition to complete autorola- 1957, and achieved its first tive light in April 1958. It has www.completed 174 flights, 210 transitions, and 63 flying hours.
The highlight of the flying to date has undoubtedly been the logh cruising speeds attained: The Rotodyne has already flown at speeds of up to 200 mph and these, are being steadily in- treased ILS sight testing proceeds. A striking demonstra- item of this was given when the Rotmybe set up (subject to contrinatis by the PAI) a 100 En einsog circuit record of 191 imper last January. This exceeds The previous absolute speed 29 record for helicopters by mph and the 100 km record by 12 mph.
FEATURES
Other significant features of fight test progromnie are summarised below.
The transition between tip 1st powered and autogyro flight has proved simple and straightforward:
Royal Dutch Petroleum-gib-11/16, Shell Transport Trading-13 10 yd.
-Router.
111%
200
11
10. XD 11.40 11.50 2000
LAND, ETCC
HK Land Bumhrey
Page
Selling Pressure
Slight On New
New York Market
New York, March. 23.
Steel and metal shares led a moderately active decline on
the stock market today.
A small
malth Filee.
dip in steel opera, Commercial Credit tions that had boen anticipated sant the steel issues down froç- tiens to more than two points. Copper imports at lower prices that U.S. levels worked against the copper shores,
Selling spread from these to other sections
Crown Zellerbach Cuban Amer. Nugar Diamond Alkall Diamond Card Douglas Aircraft Dow Chemienie Dupont de Nemoure East Airline Eastman Kodak
of the 181, hlf-El Pan National Gas ting drug, chemtest, and special
Family Finance Corp.
Firestone Tyre & Rubber Issues hard, Oils sagged. Autos First Nat. Clly Bank yielded fractions to more than
point. Rails retreated fraction: to a point and the utilities registered a small loss on average.
Aircraft
Aircrafts held strong most of
Ford Motor
General Dynamics
General Electric
| General Foods
General Masters
Gen. Pub. VII.
יכה
Owen-Illinota. Class Oxford Paper Co. Phelle Gak & Elée. Pan American Airways Paramount Pictures Parke Davis Co. Penny J.
Lá,
Penn Salt Co. Intubing Plan GIRL Philip Murrls song Procter & Gamble Co. Publieker Industiles Pure .................
Radio Corporation
Itepulite Slest'
30
1131
2213
41
153
331
322
142
MA
Rail Corp. Pist.
4015
04
Reynolds Medal
Seark toebuck & Co.
7814
Shell Oll Cu......
Rafeway State
4316
Salut Reg. Paper
Gen. Tyre & ibier
Scout Paper
Sinclair Oi
Geity Ol
Anith, Cline & French
Goodriott B. F.) Co.
no
Rucony Mobil Ol
Goodyear Typ
Gruen Afrem Guf Ok
201
11433
Southern Co. (The)
Ricu Bugar
1012
Boulher National Gas
Southern Railway (Com)
Standard Brands
100%
Standard Oil of Cal
Standard Oll of Ind.
70
1301 Standard Dilot N.J.
524
44
110
A
Swill & Co.
120%
Texas Co.
た
Textron Ine.
100
£31%
NG?!
the day, especially Boeing and Flainisund Organ HK Hotel 25.40 23.00 2300 23.30 Gruman which had received itomestake Minting Co Heyden Newport Corp. 100 25.201
large 1000 23.50
delance
orders. Tyre Idaho Power 400 7 32. itsucs softened, notably Good Inland Steel Co.
Ingersoll-Rand year Tyre. Jchins-Manville was Interchentics Corp down Two In the building Int'l Business Machines equipments, Reynolds Tobacco tarverter.
International Nicke 1.55" down two in the tobaccos.
terastlanal 'aper Lusses in the coppers piled int'l Tel & Tel. on those of last week When John-Manville Co.
Finer Lantry Kennecol fell five points and Kai C. Power & Light Anncontta
three Kenureati Copper
Chicago Grain ea
Market
Grain
Chicage, March 23.
Aunty
31 31
x phi laga 140 250k
14.40
1.525
500 1.03 20...
માં ફા
14.40 1.53
RUTUBER
XD
Trust. XD 2075 2.15
2.16 2.20 2000 à 2.476 3000 4 2.175 2.10
A. Tawali 2.30
TILITIES
Train 20.30 20.40 1750 Yaumati
XD....
BY
100
02
500 14
142
200 (01 17.60 17.00
100 or 1000 1700 Electric 21.29 27.40 2420240
900 Ft 7:30 200 21.30
Many E.. Telephone.
futures, with the ex- ception ut wheat which WUK mixed, closed firm today on the C. Light Board of Trade,
Corn
throughout
was generally steady the session Artis light offerings and stop loss buying firmed the deferred. Wheat No. 2, red
9.70
XD.... 24.50 30.10 7100 ME
Watson... 19,30
Lane Craw. 14.073 14.00
21.20
more
then
pinis. Philadelphia & Readtag cut down some of last week's rive of 174 points.
Today's volume was 3,700,000 shares.
Kimberly Clark
Lingrit Meyern Tob. Co.
Lockheed Aremit
Loewi Incorp....
Love Star Cement Co. Lawenetain & Sons McDermott J. Tay
Almeraft
Of a total 1,240 shares traded 255 were higher and 750 tower. American Exchange volume was 3,300,000 shares.
MeDonnel 17
Bonds volume amounted $5,020,000.
Stock Exge.)
Meas Iron Corp.
Minnesota Ming
| Mignon Development
to Monsanto Chernical Co
| Montgomery Ward
Malores Inc.
Daw-Jones closing averages | Nationut illicus Co.
National Cash Reg.
4315
Steep lock (Toronto Exxo Sterling Drug
Stokely Van Camp
Studebaker-Packard Corp.
Sunshine Mining
Thiloko Chem.
Tide Water A. Oil
Time Inc.
Tri-Cont. Warrants
Twentieth Century Fox Film
Union Carbide
Union Oil of Cai..
Union Preine Hallway
United Aircraft
United Fruit
United as Corp.
159
2
(Am.
47
504
15. Foll "B"
1201
1.8. Gypsums
23. Line Co.
40
B3
US. Rubber
44.S. Smriting
U.B. Sicel
594 0.9. Steel ↑ PC. PF wk Warner Bros. .......
Waukeshin Motors Westinghouse Air Brake Werlinalicure Electric Western Union Tel. Co. West V. Pulp & Paper Winn-Dixie Stores Woolworth (K. W.) Zenith Radio
1000
Spot
May 2011 2011141 204-205 Justy
Seut.
Dee
209 10.
1851, 107- 102131x
INDUSTRIALS Cement
.. 23.00 29.00
STORES, ETC Dairy
were:
100 25.00
1500 € 20.00
Industrials
601.50
National Dairy Prod.
BU
za nila
10 41
National Lend
112
16 10.30
124 100
14:20
15 at Bes
01 12
National Sled Corp.
na
10.30
53 tuch T
20901
New York Central ........
2016
3000 H 14.20
40 bonds
A1
Norfolk & Western ty.
300
14,30
Can flare price Index
147.35
North Amer. Aviation
Corn. No. 2, yellow
North-west Airlines (Con). -
14
200 14
33.00
1000 62 14.00
Closing Prices
Olin Mathiese
Os Elevators
7292
Spot
123
COTTONS
Aklen ine. hey.
20
Bias
110%-':
which
July
119-
Textiles.
Nobyang
4.10 0.89
P000
4.20
Allied Chemicals
7
Allied Mill, ine.
Sept.
11014
MISCELLANEOUS
Allis Chale fo
Dec.
1131
Vibro 10.10 10
INVESTMENTS
Am. Bruke Stre
Ryo
St. Arv
433
200
6.35
Abierican Cable & Radin Corp.
American Cyantonid Cɔ,
Allied
May
130%
July
£22
4.40 4.53
0.00
Ainer, & Furgn. Power
Oais
May July
04
Soybeans. No. 2, yellow
Spot
225 1.
May
July
Sept.
Nov.
Barley Spot
Tea shares were also Arm.
Gold shares were subdued after their recent advance and many of the recent favourites drifted lower owing to a lack of fresh supperta
Diamonds wwie firm and cappers were belter where changed-Reuter.
Closing Prices
Giltedged Bands Britai Transport 3%, 10TR/NG— [BR-5/10.
Consols 14-ZIK. Canals £2.
Convenien Luan, 30% 60's.
1939-
Funding Lean, 3′′, 1939/00-£83. Finding Stock, 3, 1009/2004--- £73.
Funding Loan, 4, 1000/00 – £83, Savings 3, 1955/05-£92-3/28. Savings 3, 1960/18-201 Saving 3. 1905/75-76-1/10. Barclay's Bank "A" Ltd. ord-
59 34.
Chartered Bank-45 Hongkong-£43.
Insurance
3d,
Valon Insurance Canton-24%.
Aircraft & Motors Britt Motor Corp. Ord-156. Ford Motor Co---54, Dd.
Brewerie Distillers C-25x 4'44.
Buliding & Materials Portland
Ataociated
d.
Cement-
Vickers Leox Lic-80% 3.
It has 5 been carried out on many
Pinchin Juhnson Associates On- 190. jervasions at altitudes as low
Coal Steel & Engineering Babcock us 200 ft even under instru- ment conditions. The transition involves no change of flight path and is Iroperceptible to passengers, The transition has frequent- ly been completed within
1-of-take-off---
Vibration level is low.
Food & Tobacco Brkish American Tab. Co., Ltd- 51%.
Imperial Tobacco Ca., Li-JTS.
Miscellaneous
Brah Oxygen Ltd. Ord-39 Od. Canadian Pacific By-435%. Dunion Rubber, Cu25. „Hangkong China Cina 3 Dan 625 d Imperial Chemical-25 14.
Lyons & Co-70s. Unilever Lid-88 Cd.
Paper
Convertiplanes are retur dir- cruft which, In vertical or hovering light, get must, or all.) thelp lift from the rotors In- stead of Felt Wings of The Jin-jet purto, manco Dawatee Emer cop and f ventional aircraft.-China Mell Special.
New Dry Dock FORMAL approval his
been
Hiven by the Tyne Improve- recht Commission to plans of the Mercantile Dry Dock Company. Jorrow, to construei a new 600 feet dry dock at the yard and. at same future date, second new dry dock of about 500 feet Jong.
The company, is yet, has maile no al decision to pro- cezd with the 600 test dock, s it is still concerned with the francing of the schorne,
and reliability are excellent, Intensive Instrumentation. including 15,000 yards of 35 mlm and some 85,000 yards et ecatinuous trace recording, has shown fatigue stresses An The hood and blades be low. This, combined with the all-steci construction, will give long component Hves.
in
Some of the fights have been in conditions of ex- treme turbulence and heavy roln when the pilot was compelled to fly on instru- inents for significant perlods. weather
On occasions the mits have been
as low as 100 ft cloud bine with 300 visibility.
Badia & Electrical Associated Electrical-2. Electrical & Musical-59 3d. English Electric Co-Gi Od. General Mectrio-is &.
Xhipping Indo-China Steam Nav. Co. def urda 30.
PO Steam Navigation def ord- ૫.તુ.
Ktores
Great Universal Stores "A"---35. Marks & Spencer Lid-87 D. Woolworth F. W. & Co-51s. 1024.
Zextiles Coats J&P Lid-23 d. Courtaulde 33 101
Apglo-American Corp. of South Africa172
Cons Colddelds of South Afric
Cons Zine Corp. Ord-la K. De Beers def-134$ 415d. Fice State Development & Invest- went-106 45
Hongkong Tin--4s 10jjd. Petaling Tin-a Rd. Rand is ed.
120-135
-UP.I
Exchange Rates
ܩܐܕܐܐ
K.F.E.
Invesi...
BIE
COMPANIES
sailed
Solled
Salled 10/3 Ard Apr. 1th Apr.
LEAVES U.K.
2/3
1/3
DUE BL.A.
1st Apr.
11st Apr.
20th Apr.
4th May
CITY LIGHTS
DIRECTOR PRIVATE
Am. Gas & Electric
Am Home Frost Am. Moen, ♣ F'dry American Airline American Metal... American Setti Am. Sugar Hel, American Tel & Tei American Toh, "B" Anaconda Copper Armco Steel Ammour
Alis Cros Mining Baldwin-Lima-Hane. Battimore & Ohio
Benencial Findice..... Dendix Aviation Corp. Benguel Coma. Bethlehem Steol Dorine Altulang Borden (Thot Co. Burroughs Ack Machine Calif. Packing Corp. Campbell Soup Co. Canadian Pacific R Case (J. 1
cu.
Cut. Tractor Celanese Corp. CIT. Financial Corp. Chase Manhattan Berik Chrysler Motors Cluett Peabody Colgate-Palmolive Lo Colombian Carbon Co Consolidated Edina Continental Oll of Del.
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N. CO.
OUTWARDS
"CANTON" "SALMARA" "SINGAPORE" "CORFU"
"CHUSAN"
"COROMANDEL”
"CARTHAGE" "SUBAT"
HOMEWARDS
*CANTON" *“BUNDA”
“HIMALAYA" "CORFU" **BINGAPORE" "CARTHAGE" "SOUDAN"
*19 Apr. 29th Apr.
13th May
LEAVER ILX.
Noon 18th Apr. m. 16th Apr.
1 pm. Oh Apr. Nool th May
6 pm. 18th May
11th May
3rd Juma
1st June
22nd June
DUE LONDON
1741 MAY 23th May
29th May
0134 June 24th June
Noan 5th June 7th July
5 p.m. 11th June 20th July
Via S'pore, Pedang, Colombo, Dombay, Adem & it. Bald.
"UNDA", "SINGAPORE" and "SOUDAN" omit Colombo and Bombay and extend to limburg, Rotterdam and Asiwerp.
Нильная туда done in the local unonica! exchange
эпятнис morning at the following rates: - VS. dallur, (per $1}
Sterling notes iper ell
Australian notes, (per £!).. Indonesian rupiah (per 1001.. Stam ticals per 100)
8.74 15.00 12.11 5.03
2085
Singapore (Straita)
1.01
"Worst outbreak of Au since I started the firm'! **
London Express Service,
Yesterday's Closing
COMMODITY PRICES
FOREIGN EXCHANGE
NEW YORK Closing-cales.WERELE.
Canada England official
10-days 90-day Datumark
Other unchanged,
LONDON
Closing rates werg; New York Montreal
Amsterdain
Copenhagen
$30
Stockhoini
Zurich
No. 4
Sput rubber unbaled Blanket 950
No. 1 pale crepe court
LONDON
03-201 DOTS-01 6519-07$0
02-04
The uber market was steady with spot quoted ut 2075-pence | per lb. Prices:
No. 1 Rs Apct... Seltement house term:
METALS
NEW YORK Prices of
metals closed today as follows:
Zine
2321-27
20%-263′′ 2011-201 2011-27
204 20 2015-2016
Moy
Mav
Copper Mar.
MAY
Tin
Star
May
LONDON
General mürkets, elf barls, postă:
1.03-9/ 2.0124 2,01-0/10
May
Jurie
Apest/furie
28111
March/April
May
Estute crepe :
Thin April.
2.0136-3.82-7/10 2,7215-2,72-9/10 20.0-10.029 19.3333-19.35 20.03-30.04
11.15-12.10
Users unchanged.-U.P.Í.
RUBBER
Thick Apell
Tia
Spot
futures
19,20
0.334
"
10.064
32.400
"SANGOLA”
dun
101.12
"ORZIABA"
Buyer Sellers
3-month Copper
Spot
761
3-montir
20312 24334 24243 243
"OLINDA"
Lead and hatt
Mar.
731% 72%
"UMLARIA"
--U.P.I.
NEW YORK · ·
Rox rubber futures today closed 25 to 55 points higher with sales of 81 contracts.
Closing prices:
March
COTTON
NEW YORK
Prices of cotton futures closed
today as follows:
Prices of metals closed today
in sterling per long ton os fol. lows:
Fune Zine and hai
Mar. 33.721 May: Spol: 3520 nem.;
June July: 34.83; Oci: 32.40; Dec; 3228; Tar: 3223: May: 1230; July: 31,23.
•
NEW ORLEANS
Prices of culton futures closed today as follows:
Spot: 34.20; May: 35.00; July: 34.87; Oct: 32.48; bee: 3221; Mar: 31: May: 302; July: '3.3.
- LIVERPOOL
Cotton future closings,
pence per lb, were as follows:
SUCAR
Penang.
The prototype 48-passenger Fotodynt, vertical take of airliner in flight.
May
July
Hov.
Jan.
March
AMSTERDAM
The rubber market was stendy. Prices closed today in guilders per kilogram, elt April as follows:
Na rubber
No. 1 rubber
No. rubber
No. 1 crepe
2.59 burees
1.10 buyers 8.35 buyers 2.72 buyers BINGAPORE ... · The market opened slightly higher on improved overseas ad- vices but saașd thereafter on lack of interest in one sheet.
Lower Interest was füle with writers inclined in one atient. No. 3 tube for 8
No. 1 rubber par 15. April 9OGOJE No.H
1 .
-00-$
American Contract
..Mar/April
22.05
May/June
21.03
July/Aug.
Oct/Nov.
19.40
Dec/Jen.
MAY SADY
18.30- 10.75
Mixed Contract
Max./April
Kay/June
July/Aug.
Dec/JAD
Oct/Nov.
Mat./Avoru
SAO PAULO
All prices unquoted.
Ja
NEW YORK
World No. 4 sugar futures closed today three lower to one point higher with sales of 158 contracts.
Damicstle No. 6 sugar futures closed unchanged to one point higher with mies of 71 con- tracts.
July
Contract No. 4 (world)
Open Interest: 6337 conizadia.
Contract No. & (donidsfle)
MAY
In the United States, the average price of one-inch cotton | at 1 designated spot markets. was 34.41 costs...
Total sales were 35,787 balės. -UP..
[NY `ax-duly)
Open interest: 4,000
ntracti.-
dur
́ ́BRITISH INDIA S.N. CO., LTD,"
3rd Apr, from_Japan Balls d' ARE. I Sinaicunta de for Singapore. Poning, Chittagong
"GARBETA"
4th Apr. from Calcutta, Rangoon
& Strait
all th Apr. of Japan
P. &.0./B. I. JOINT SERVICE
due 2nd Apr. from Japan
ail 3rd Apr. for: Singapor CapaioTE,
Badras
Bombay, Karachi, Ku- g walt, Basrah di Khat- Famakan
One 14th Apr. from Japan & SingREJOTE malls 19th Apr. for Singapore, Penang,
Madras, Cochin, Born bay, Dhaunagar Karachi
dua 13th Apr. from Karachi, Bombay.
Cochin, Tuticorin Singapore kaifs 10th Apr. for Japan
"URLANLA” due 22nd Apr. from Japan
Dubal, sasta 23:41. Apr. for Singapore,
Kuwait, Dasrah, Khor- romanshe_&_Kürschi
· EASTERN & AUSTRALIAN 5.S. CO., LTD. “ABAFURA" don 20th Star. from_ Aurtzulia
salle 31st Mar. for Japan
Jonda 4th Apr.
"BASTERN"
salta BU Apr. for Labuan. Sendakan.
Brabane, Sydney, Mei-′′ Bolena & Adelaide
All venela hava Kiberty to call at any ports on or off the route à che route à saliings are subject to change or amendment with or without notice.
For full nachcolars amply ta MACKINNON, MACKENZIE & CO. OF HONG KONG LTD. Tateologe Nos: 27721!
*
*
+