TRANSPORTATION
BRITAIN PRODUCES REVOLUTIONARY MARINE RADÁR
Marine Radar
A DISPLAY unit of the BTH Escort Турс 601, rtently introduced by the British Thomson-Houston Company, Rugby, has been installed in the Cunard Liner Queen Elizabeth.
Highly oreraful results have
been reported of this equipment
in use during its rulerquent use Hush Hush House'
in the Queen Elizabeth. This
ser already possesses iwo BTH
radars which have seen service Reduces Jet Roar
over number of years,
The display unit is used in conjunction with the existing equipment,
A
THE CHINA MAIL, TUESDAY, APRIL 21, 1959.
Industrials
In London
Industrial Nations Prominent Forced To Export More After Mid-1957 Boom
By SYDNEY S. GAMPELL
London, April 20.
With the waning of the boom after mid-1957, all industrial countries tried to get more export orders to make up for the slower home orders
- and, in the First National City Bank's words, "U.S. business was the easiest to displace on a basis of price."
London, April 20, The Stock Market closed
firm today with indus-, triala continuing to grob the limelight.
Trotiles advanced on newyse of
government plans to encourage
the cotton trade, Btóres were higher un reports of increased sponding kinze the Budjet aa- Houmantur.-U.PL
Closing. Prices
Brides A:C0-3/16,
4
Ciftedged Bonus
Transport 33, 197
Consuls 24-2015. Como 474-0/14. Convention 10 344,
Loan ย
Funding rund Inst
Loen
Pare 9
Wall Street Industrials Hit All-Time Highs
Despite
Profit - Taking
New York, April 20.
Industrial stocks rose to now all - timó highs today despite
some profit-taking during most of the session. Trading rallied to match Friday's active pûčo,
than nine Eastman Kodak
Airline electronics El Paso National Ga
oral Jectric
Fooda
General Motors
Gen. Pub. Util,
Zenith was the star of the Dupont de Nemát day, soaring more
Öther points: Issues followed Zenith's lead Family Finance Carp 1000 with rhina
of 1 and 2 pointssions Tyre & Rubber
First Nat. City Bank 1950/60Lnd shore,
Ford Motor ...... Thlokol, a rocket tuch manu. General Dynamics Block 3%. 2000/2004-focluber, ran up and 7 ut ltx 1000/90-high, hit just before the close. Kerr-McGee was strong in the
Today's trading marked the Barclay' Bank Ltd ord-third straight scarian that the Goodger Tyre
Industrial Chartered tapk-47 50.
historic highs. Hongkong-£
Ingiranca
Seventh Session Unión eurenco Casion-ic (-7/10.
Aircraft and Motors Brilleh Mator Corp.
Ord-16s Ford Motor como $1,8.
Draweries
Bavings, 1055/65-1911. Savinica 3 A900/700134. Bavings 78
Diller Co-264 03.
Building and Materials Associated Portland Cement-591
No need to ask who dis-i thorities that a continuous ex- pinced It. It was Britain, Be- port of physical capitat must be tween the first half of 1957, and matched by an export of finan- the second half of 1958, world clal cupltaí. exporis of manufacturers drop-
The Amerkans are being toldwyd. ped by about four per cent. Bri- by theirs that continuous goy- ipin's did toe, and so Britain's crimental grants and private share levelled off after falling exports
of money
must ba for years
matched by exports of goods, competitively priced.
Otherwise, the First National City Bank tells them, the result is gold outßow "Iron sub- sinallal though not inexhaustible stock" or a further increase in
countries,
Around
|
tal pivot, U.S. cx- ports fell by 10 per cent while Germany's rose 14 per cent and Japan's six per cent. Con-
average
row
Gen. Tyre & Rubber Getty O Ghoden Co
Grumman Alrerats tour ou ....... Stammand are Idaho Power.... Ingersoll-Rund
Inland Seel Co.
It was the seventh straight Intershamut Corp.
SCLLION of advance, during Ini? Buskiem Machines
Intemational Paper
which approximately 30,000 Init larverter...... million was added to stock Inti Tet. & Tol..... Valties.
was helped
of record
The market another week Pinchin Johnson Associates Ord-production, a forecast by 19, 2014.
Coal ston) and Engineering Babcock & Wilcox L30. Vickers A
Stockholm. "HUSH-HUSH houso" The manufacturers elaun the , of a new Swedish design Escort radar la Two years ahead that reduces tho 125-decibel In design since the equipment roar of the Caravelle, jer less than another two years short-term U.S. debt to other 357 Tobacco Co.,L&-80 8,
tes the ability to make the cis-englies to a "Whisper" of the situation some 30 decibels has boon play interpret instead of merely recording it. This feature Plan Display
tinuince of those trends for
would put Germany ahead the U.S.
is termed Chart taken into uso by the Stan- U.S. Strel says
dinavian Airlines System at the Stockholm-Bromma air- port.
Special care has been taken to inity the controls and to reduce the complexity of the equipment tr the minimum.
ACROSS CHART
erential
Chari plan display provides anets whereby the ship's post- tion Travels across the display with the
speed and direction carresponding to the movement of the ship's position on the chart.
Stationary objeels appear as stationary échos, while echoes from moving objects draw be- bind the falls which indicate their course.
Representing a
novel de parure in anti-noise behar design, the house is a steel and concrete structure enclosing the cines are to be fest-run for tall part of the aircraft whoe overhaul.
Two 20-ion sliding gates with pneumatic rubber lining provide an tilective sent round the
fusings.
firm
Rostfria
The kneer installation con- siss of intake and exhaust. llencers and extra silencers for The secondary cooling air. "Vantage Point" off-centring *They ensures that the display remains Stockholm unaltered for long periods since | Anderssca. the stainless steel the beading marker passes product specialists belonging to through the centre of the picture the Johnson group of Industries, upon re-setting and the centre on the besis of acoustic prin of the rotating trace noves telples Jaid down by rev instantly
epilimum Chenburg engineer Stig position.
IngemausoI.
the to
Britannia Will Cruise In Fresh Water
of
When the Vice-President of steel industry is following her that Amerlen's
textiles and chemicnis "well on the road to becoming non- competitive with foreign
in- dustle" his mind is on
the aleelworkers wage demands far more than on the dollar. Much of the Resh-creeping about the U.S. prieing itself out of HA home and export markets is preaching to the home audience,
Inflationary
On the other hand. the steelworkers' attitude 16
Inflationary threat very real of a new round of strikes, or of price Increases to buy them off, that would make the U.8.
"The doliur
Germans Learning
Both countries ind the Jesyon difficul but the Germans are learning. The Americans are impressed with the way their costs inflation and balance of payments wrat on worsening during antil siner The reccsslun, and . the Germans are equally дл oppositely impressed with the way their huce external Kurplus Corn on getting bigger.
geing in putling
rival the of the The
The Germans are for direct investment, come of their excess export warnings into subsidiary plants: abroad which may A
eventually overseas subsidiaries U.S. and Britain, new Mercedes plant in Brazil alone is to cost
£50 million. and to produce nearly everything that moves. The Germans are now repairing the omission.
Food and Tobacco
Tiritish American Tob. Co., Ltd
Imperial
British Oilineou
Eid. Ord-35, 34, Canadian Pacific Bly-4545
Dunlop Bubber C-26 d.
Hongkong & China G-13 Gd. Imperial Chemical-34 34.
Lyons & Co X,
Piper
Unilever Lid-100 4.
John-May Co. by Kaiser Industry
KAT21 C. Power & Light steel Kennecott Copper
the Kimberly Clack
Lockleed Aircraft
Treasury Secretory, Roben Hezett Meyers Tob. Cv. Anderson, that corporate corn-Tews Incorp, iries in the Arst quarter hit a record high and an administra tion request for an additional $45 million for space fight re- search.
McDerandi J. Ray
MeDonna Aircraft
Block ExN.)
23032
43
00-1
th
364
Penny J.C. Co Pi Murrie
Pricter & Gamble Co. Pittsburgh Pale Glass Tublicker Industries Pure Oil.
Radio Corporation
60% Radle Corp. Pref.
Republle Steel
Reyralds Mala
Sears Roebuck & Co.
Sholl 011 Ca....
Bafeway Biores
Saint Rog. Paper Scat per
Sinclair Oil
1031 Smith, Cline & Preneli
22 Hobu dil
330
Aircraft
Bouth Puerto Rico Sugar
National Cas
413
401%
103
130
Stuthern Railway (com.
29
Strndard Brands
102
Stubdard Oil of Cal.
43
Standard Dil of Ind.
t.
120
474%
Standard Oil of N.3. 307Hterling Drug Co.
Comp
LA Studebaker-Packard Corp.
Gois Sunshine Mining
Swift Co.,
61% Texas Co....
Textron Ine.
The Water Mm. 08
Titokal Chem
Lang Star Cement Co. Lowenston & Sons.
447
Time Inc.
17
T-Cont. Warrants
Twentieth Century Fox Tim
TAM
Union Carbide
37
Union Oil of Cal.
Messbl Iron Corp
44
Union Fee Rettway
Minnesota Mining Moncanta Chemical Co.
140
United Aircraft
United Fruit
Montgomery Ward
44
AU
National Biscuit Co.
#11/2
United Gas Corp.
110%
National Cash Reg. "A"
71
44
National Dairy Prod.
OUT
С.В. Сурли
National Lend...
1145
492%
‡ National 615e! Corp,
512
Racin
Closing Prices
Alden Ing: Acy.
Allled Chemicala
Allied Main Inc.
Allis Chalmers
Bowater Paper Cup Ord-494 de. Am. Brako Bhoe
Radio and Electrical
Associated Electrical-s .
Electrical & Music-60%. English Electric Co-
.
MI.
Grürral Ficcini
6. Indo-China Steam Nav. Ch. def ord
& Steam Navigation def ord
45d."
Stores
Great triverial Stores "A"-35 68.
Marks & Spencer Lid-004 140. Woolworth + M. & Co is
Texille
Cosin 3 ↑ Lia—30 tys. Courtaulds Lgala 10:34.
Min
Anglo-Amer Jean Curd of South Africa-172, d
Con Goldfields of South Africa-
6394d. 1iu!
The Germans invest in over-
Cons. the Cons On--50 B. De Beers def la id.
Free State Development & joves!-
Tin- G
Hand-Maa Du
AM 4:51.
steel less competitive. were designed by the
As Sir George Bolton sees il, has been under Towing exchange pressure for some two years: the diffleulty senя planis because their ex- South Kinta, Cong Lid-29 450. that the U.S. Government has ports are ro competitive that in financing its short-term debt they earn more money than the and the continuous losses of Germans know what to do.
All silencers are of screw type except the low-frequency stage
of the exhaust tilencer which
wolle resonator.
The "hush-hush house" has [OST of the 7,000 miles Kr. 250,000 ($145.000). The present type Is suitable for ab Mhat the Royal Yachteraf with the jet engins
gold are only two obvious mand-with; the Americans Invest in testalions of strain.
Overseas plants because their exports are too uncompetitive with the costs of American or foreign plants abroad. Chiar Mali Special.
It, as seems possible, the In-
has been designed as a deuble-ternational status of the dollar ls in process of readjustment. both in terms of an absolute deterioration of the :United States postulon and a change in favour of the major European cronomiles in comparison with that of America, then it may prove a dangerous illusion to continue to assume thak the US. can provide capital to meet all demands,"
Britannia is to steam inrinted on the fuseinge. The North American
new device is reported to have arted great literei unong
waters
- during this summer's royal esperts all over the world.
tour will be fresh water soil-
Ing. Her trip up the St Law-
renco and through the Great
It could be most dangeTOUS for the Americans. Like Bri- tain corlier, the U.S. Ands it
Lakes will be by far the Air Conditioned Travel hard to learn that if one is to longest fresh water voyage
mado by Britannia.
and
Prince
Th10 Queen Philip will join the greht 容器
For Pilgrims
Canada's great cash gule AR conditioning of the
-the mouth zence,
of the St Law-three pilgrim spaces on
G deck was part of the repair
From Seven Islands on the and conversion work com- north shore, they will eress plated recently aboard the
to Gaspe, on the south side. Holt Linb's 18,000-ton ship
From there, the voyage that will take the Queen deep uro the heart of the North American Continent will begin.
-The-blue-painted
which has steamed more 100,000 miles, will reach treal on June 25,
After the ceremonial opening of the Si Lawrence Seaway, the yacht will go on to Toronto,
ON TO CHICAGO
Gunung Djeti, in the Clyde- ide dockyard of Barclay, Curlo & Co, Ltd.
The existing heating and pealt sentilatingayatME than spaces' was converted to full air Mon conditioning by the use of three
of the new thermotank units.
Each unit, which has a refri- xerating capacity of 240,000 B.T.U.3 per hour and an air circulation of 5,500 cfm, in- corporates in a singto easing all the required refrigerating and air handling equipment," with the exception of a fan.
the existing fan and ducting of
By connecting the units the heating and ventiating installation, the system Was Converted full air con-
Among the places with familiar English names that the Queen and Prince Philip will visit during a spell ashore are London, Windsor, Chatham and Stratford.
Britannia will take them on through the lakes to Chicago,
While the Royal visitors ty Westward across Canada, Britannia will, rail back ready to embark them again on July 29.
The voyage home will be inado in Britäfiain offer visits to New Brunswick, and Nova Scotia.
➡(London, Express Service),”
Fire-Fighting Float
NOVEL type of fire-fighting
Afloat is being built for the
ditioning.
.
to
The Installation was designed, manufactured and, installed, by Thermotank Ltd, Helen Street, Glasgow.
Tho hip is now en route for Indonesia for service as a pil-
rim carrier,
American · Tanker Fleet Grows
play Lody
Bountiful world one has to wherewithal.
to the the Sam Germany is now being told by her banking nu-
New York
Cotton Market
Yesterday's Closing
tinton Corp-65% Oct. Wart Driefontein
Goldmizing
Wet and Cons-23 10Vd.
€211
British Borneo Pelmoleum Synd- cote-4: 1.
Brilah Petroleum Co.. LA-30
Buna Gd, Royal Dutch Petroleum-£104. Shell Transport & Trading-140% 94,
Neuter.
American Airline
Atorican
Сотр
ادات
American Cvanamld
Amt, Gas & Eléc Am. Home Prod. Am. Mach. Fury American Metal
Anierican mailing Am. Sugar Tint. American Tol & Tel American
TOU. "E" Anaconda. Copper Armco Steel
Armour
Allas Cons. Mining Badwin:Lim:11am. Halimore & Oljo Benellelal Finance Bendix Avtalim Corp. Benguet Cons... Bethlehem Stoel
Boeing Airplane Biden (Then co Burroughs Add Machine Campbell Soup Co.
Canadian Paelle R. Case 13.1.) Co.
Cal. Tractor
Celanese Corn.
1.T. Finanela) Corp. Clyder Motors Cluel: Peabody Colomb. Carbon Commercial Credit Commonwealth Eice. Consolidated Edison Continental Chi of Del. Crown ZeBerbach Cuban Amer. Sugar Diamond Guard Douglas Airesult Dow Chemicals
COMMODITY PRICES
FOREIGN EXCHANGE
NEW YORK Closing rates were
Consili
Engis uncial
Miedoy 00-days
Dinera unchanged.
LONDON
Closing rates were:
New York
Montreal
Itumele
Copenhagen
Spot rubber unbated... Blanket crepe........
No. 1 pale eve
LONDON
$24-06
19-100
WAN
31.10
20.35
036-049%
Oel/Nov. Dec/Jan. Mar/April
10.05
NEW ORLEANS
Spot
May 50
July
The rubber mucket neglected with spot quoted at 28
Prices: pence per lb.
No. 1 Rss spot............
Settlement hits term:
Nay
July Sept.
Oct/Dee.
Juss./Mar.
1.03-13-10 2.81-23/32
2.01-13/16-2.81-13/14 (
2.711.12.7 19.02
140.4716-M0.31%
-New-York;-April-200 v-aman
Dalo Cotton futuros today sco-
1740%-17481, Vienna around Zurich sawed narrowly
12,17-12.JD the βρονίου. closing
Other unchanged.-U.P.I. levels in unusually quiet dealings.
RUBBER
NEW YORK
Closing prices today were: May: 34: July: 33.90; Sept: 33.35: Nov: 33.30: Jon: 23.16; Mar: 33.86; May: 35
June
Closing prices, were:
October
December
277-2816
#71-2016
28-20 22814-2014 28-2812
March Gu
May
General market elf Lasin, party:
May
777-28 274-28 Estate crepe thin May thick May alt quuted 2-UP.
METALS
NEW YORK
Prices of metal futures closed today in cents pèr. o. as follows:
Lend May
11.10
July
11.100
Zinc May
12.003
July
10.10
Copper May
1310
July
3100
Th
May
July
LONDON
July
October
3. Dom.
35.20
33.10
32.44
37.321
32.00
363h
31.94 30,936
SAO PAULO Closing prices were all un- quoted today.
In the United Stales, the average price of one-lach cotton at 14 designated sol markets was not available.
Total sales were 28,018 bales.
-U.PJ.
SUGAR
World No.
4 sugar futures
100.300 today closed 2 to 3 points higher 100.37 with sales of 801 contracts.
Domestic No. 6 sugar closed Prices of metals closed today 3 to 8 points higher with sales In sterling per long ton sa tol-of 304 contracts.
Small operations were given Dvor to evening-up in the May delivery before first notice day on Friday. Routine give-and- tako dealings passed between mills and other tride nccounts. Closing on a study note, and
lows: at the day's best levels, the list
To spot was up 2 to 8 polots. The market opened unchanged to the cables and continuing hopes-month The market was higher with month
Copper spot up 3 points. New Orleans for an early settlement of the Lead 2nd half closed up 3 to 5 points.
strike-bound Akron Speculative Interest in
tyre Zine 2nd half April the plants. The New
York stock market remained Imited as market raders studied new crop news high also influenced speculativo uprush to recórd or nwalted form legislation interest. developmenila and completion
However, factory buyers were of detalk on the Government's slow to respond elther on the purchase and sales programme terminal for raw.cotton,
spot scheduled to Shipment
markets. offerings.
weru moderate and mostly unsold. Spot No. 1 Ras was quoted at 33% cents.
begin August 1.
SPOT INTERESTS
The
ar
AMSTERDAM rubber
a
Memphis and Houston spol interests were buyers of the
market WI3 December delivery. Wall Street quietly, steady today. Prider commission houses were
closed in guilders per kilogram, zeller of of tif May as follows:
Curly
E United States privately- Mar July chaly, Exchanges of No. 1 rubber
in the trade open contracte in No. 3 subtier No. 2 rubber May today totalled, 24,400 || No. 1 crepe.
BP Tanker Company for use in oned, ocean-geing tanker. Swansea Harbour. South Wales nest registered a net Yain of six
It has been designed by the vessels and some 350,000 dead-bales. The certificated stock company's engineering depart-weight tons during 1958. thent, with Merryweather and
previous
posting
to
July
World contracts Armed with The higher raw market, but 704% otherwise there was little in the nows to Inluence the market.
383
Bayers Sellers
704
233
pasi
70
714
737
37
7312
-U,P.I.
COTTON
To: A few trade buying orders
found sellers extra traders said,
cautious,
Domestic contracts featured final evening up in the Miy delivery which went off the
board today. One hundred lots of May were exchanged for vetual sugar.
Spot. price: 2.03
World No
May 59
NEW YORK Closing prices were:
July
theyt
Spot
July
Jan. 00
Atoy
May
October
Sept.
May
2.To buyars
July 250 buyers
October £2.65 buyers 2.45 buyers Cotton
LIVERPOOL
future closingxin
0.930
| Amèrican Contraa
May/June JUZKUE. Oct Nov. Dec/Im Mar/Apri
BINGAPORE declined 778 bales from the The market opened around Vence per lo were as follows;
00,117 the previous levels and ruled Sona..collaboration in the fre ...A research. report released by bales,
very quiet with turnover on The fighting layout.
main the American-Merchant Marine The Liverpool market cloned the small ride. Futures: features of the craft are two Instituta jaid that last year's unchanged to up one Englishi | No. 1 rubber per lb, May 1054-1915 pantoons each 00 feet long and tonnage gain (8.2 per cent) was point but 004 to 919 American 14 feet wide and spleed right - she largest annual increato since i points under New Türk tütares | Nous raber parah. May malay fest apart.
10401
UPI.
3 put in, May 96-94
·No. 4 rubber per ib. May +12
Baixed Contract
May/June July/Aug
Ash
2.02)
2.076
2.500
3.13b
3.17
conta
pound fo.b. Cuba, up 8 points.
Open Interest: 0,052 contracta of 128 from previous day.
Domestic No 6
Bept. Nov.
Spot
moirid
3.07
1,75 b
price: 3.35 cents pound, cH NY ex-duty up 10 poitite
Open Interest: 8,312 extracta off 167. from previous day-
York Central
Norfolk & Western Nr.
Amer. Aviallon
| North-west Airlines
Diis Elevators
(Com
Owen-bois Clans Oxford Paper Co. Pacifle Gas & Elec.. Pan American Airways Paramount Pictures Parke Date-Co.
+
*
You "Y"
US. 1ne Co
27. Rubber
US netirg U.S. Sterl....
291
US Steel 7 P.C. P Worner Ero«,
Waukesha Motors.... Wertinghouse Electric Wert Va. Puio & Paper Winn-Dixle Stores Wortweeth (XW) Zenith Radio
P2O B•I
COMPANIES
PASSENGER/FREIGHT SERVICE
PENINSULAR & ORIENTAL S.N, CO.
OUTWARDS
"SALMARA" "SINGAPORE"
"CORFU"
"CHUSAN"
"COROMANDEL"
"CARTHAGE" "SURAT "PINJARRA"
HOMEWARDI
"HIMALAYA" "CORFU" *"SINGAPORE"
"CARTHAGE"
"CANTON" *"PINJARRA"
"CORFU”
"HOMALI"
LEAVES U.K.
Balled 15/0 Balled 10/3
NUR ..
in Port 22nd Apr. 4th May
Salled 3/4 Salted
4/4
11th May
2001 Apr
3rd Juna
WIN APT.
1st June
211 3une
20th June
12th May
12th May
LEAVEN TEK
31 p.m. 30th Apr.
Noot B1 Miny
QUE LONDON
Toth Mar
#th June
8 p.m. 16th May. 22nd Junė Noom 6th June 7th July Noon 6th July 6th Aug Noon 10th July 17th Aug. Neon 31st July 14 Sept. 3 pr. 14th Aug.
2 Sept.
Via d'pore, Penang, Colombo, Dombay, Adeu a vl, Mead, **RINGAPORE" and "ROMALI" dimit, Colombo and Kombay and extend to Ramburg, Rotterdam & Antwaip. Í "PINJÁRRA“ procreda B'pore, Aden, P. Bald & London, thence to Hamburg, Nolierdana & Antwerp..
from Japhs
BRITISH INDIA S.N. CO., LTD. "BANGOLA” due 2204 APE
"FULTALA“ de
"HREE WIN XPF
6th May
STA 6th May
Tor Strane Cultúlia & Rangoon
from Japan
for Singapore, Penang. Rangoon, Calcutta Chittagong
P. & 0.78, 1.. JOINT SERVICE
"URLANA”
das. 29th Apr. Mill 2011 Apr.
Ali At Roy
dne 5th May
“ORDIA”.
Que 3rd May
"OBRA"
"UMÁRIA”
from Japan
&
for Singapure, Dubai, Kuwait, Bah. Khor ramshahr & Karachi
from West Coast India & Stroll for Japan
from Karali Bumbar. Cochin, Tuticorin Sintoporn
all th May Toz Japan Ruw 11th May from Japan.
antis 12th May for Singapore, Penanım. Bombay, Karachi, Dubai, Kuwait, Bestan Khorramshahr
EASTERN & AUSTRALIAN 5.3. CO., LTD; ·
"NANKİR”
Jokes fit Apr,
Ball
and Apr. for Bydney #
bours direct.
. "ARAFURA” lords 23rd
Mul-
Apr.!
. 24th Apr. for. Labuan, Bandakan,-
Brisbane, Bydney. Mel bourne & Adelajās
ALL YRKEBIS MAVe Uberty to cast at any ports on or off the route à thà roule 'k sikings are subject to change or amendment with or without notice.
Inu hili purtirotors apply in MACKINNON MADKINZIL & CO. OL HONG KONG LID. Telephone Nos. 24.214.
108
・
*