THE CHINA MAIL, WEDNESDAY, JUNE 15, 1960.
IS THERE AN OIL GLUT?
London Russians are closes boosting their
production
weaker
London, June 14,
Fears of a bank rate in- crease and tighter reins
on credit controls sent the industrial list lower today along with Government bonds.
Losses spread to most sec-
Oil is the lifeblood of industry. But what hap- pens when there is a glut? Alexander Thomson examines the Russian invasion of world oil markets.
London, June 14.
Mr. Pavel Komykin, jovial leader of the
Russian delegation that has come to
NEW YORK Wall Street
COTTON MARKET
New York, June 14. Cotton futures today ex- perienced another session of slow trading and nar- rowly mixed ductuations.
Closing
one
prices ruled higher to 11 points tower. The market opened up three to off
closes slightly lower
New York, June 14,
The trend in the stock market was irregularly lower on Tuesday, but despite that a few in- dividual issues made some good gains.
Universel Match
spurted Baldwin-Lima-Han.
Britain for the trade talks says he 15 points. New Orleans closed seven, Brunswich was up three, Baltimore & Ohio
wants to sell us more oil.
tions with blue chips sharing This raises a sixty-four rouble question for motorists and investors: what will the attitude of the oil companies be? Today a spokesman of one of the big groups had "no comment" to make when I asked.
the rash of minus signs. Tex- and elec- tiles, stores, motors tricals shared the brunt of the
breweries selling, but
moved against the trend.
Foreign bands showed little changu but Germans eased. Doller stocks moved lower with Internationat. Nickel a Amm Ex- ception,
unchanged lower,
to nine points
for example, but many of the slocks which make up the aver-
Steels, A limited interest, centred in age showed small losses.
motors, electronics, old crop months, represented utilities and drugs closed mixed evening-up by spot interests, Rubber shares and chemicals mil accounts and local traders. neglected throughout the day
New
months crop
were
I was hardly surprised. None million tons by 1965 and 375 had no definite market effect.
to match United Kingdom oil mon tons by 1975 of the
at the United States' giants bays any Russian oil
present showing. present.
Alongside the great increase that has already taken place there has been a sharp rise
in Russia's oil exports to the free world..
British purchases last year Goldmining shares see-saw-
consisted only of 30,000 tons of ed and closed lower along with lubricating oil and some special coppers and
fuel oil imported by Associated were mostly higher.
Portland Cerment to fire their
Oils finished
Shell..UPI.
diamonds.
Tins
easy paced by kilns,
Closing Prices
Briti
£01-13/10.
Gilledred Bonds
Expanding
The figures
The figures; nearly 17 millon The Russians however are tons in 1959, more than double expanding their oil Industry the score of two years previous- with great gusto. They are ly. Transpurt 35. 1878/68 busily making it a real gusher.
When you compare this with the total oli trade in the non- Communist world of 420 mil- lion tons a year it is not parti- cularly significant.
Consols 25%--+ £45 ! ».
Consol 42--13/16,
Conversier Leon 3
200-15/10.
Look at the record. In the
last three years their output has 1961-shot up from 84 million tons to
129 million tons.
Funding Loan 3. 1950/00-
281-(11
Funding Stock 319, 1999/2004- £657,
Funding Loan 4 1060/00
RM-1/16.
ed.
Savings 3. 1835/6-£904. Savings 3, 1960/70~7. Savings. 195/75-£73-3/16.
Banks
Barclay's Bank "A" Lid ord-5€
Chartered Bank-52s. Bengkong-244.
Lord Bank "A"-tis 3.
Instrance
Union Insurance Cauton-£5-15/20.
Aircraft & 1800E
British Motor Corp. Ord-195.
Ford Motor Co-115 71⁄21⁄2d.
Hawker Siddeley Group Ord-300
Rolls Royer Ltd Ord-47s bd.
Rooies Ltd "A"-12% 93.
Standard Triumph International-
114.
Breweries
T-tlers Co-3 M.
South Africa Breweries 54.
Building and Materials
AssociatedPortland Cement-098
Goodlaw Wall & Lead
ad
12.
Ord-49%
Coal, Steel and Engineering Babcock & Wilcox Lids ed.
United Steel-80% d.
Vickers Lid-34 9.
Food and Toboco
British American Tob. Co., Ltd- Ale £0.
Imperial Tobacco
7154
Co..
Lid-661
Miscellaneous Boardman Marden Ltd 7. British Oxygen Ltd. Ord-65% ed. Canadian Pacific Rly-$405.
De La Rue Co. Ltd Ord-16s 90. Dunlop Rubber Co-27s 3d. Gliman Holding Lid-23 4.
Hongkong & China Gus-16 Gd n. Imperial Chemicals Ed. Ivans & Co-Ds 1011⁄2d. Unilever Lid-1685 20.
Paper
Bowater Paper Corp Ord-626 34,
Redio and Electrical Asociated Electrical-578 d. Flectrical & Musical-50 34. English Electric Co-40 38. General Electrices 3d.
Shipping Indo-China Steam Nav. Co. def
23s 3d.
P&O Steam Navigation def ord- 407 106.
Crest
stores Universal Stores "A"-509 11gd.
Marks Snehrer Lid-756. Woolworth-F. W. & CCG CA. Textiles
Look at the plan. They hope to boost production to 146 mil- lion tons this year which would put them neck and neck with Venezuela for second place in the world oil league table.
And they aim to have red oil flowing at a yearly rate of 240
HONGKONG
STOCK
EXCHANGE
by
Our Own Correspundeni
But the rate of growth is tremendous. And this is what is catching the watchful eyes of free enterprise oilmen.
Especially as the Russians have been cutting their export attain prices drastically to markets for their oil
Last year their average sell- ing prices in the Western mar- kets equalled only about
£5/10/-d. a ton.
ruling goes against That
£7/10/-d. averages of around for Middle East
and oil £7/16/d for Venezuelan.
Batik untreal Bank of Nova Scotia
Btech Lig severa B.C. Tel Co. Bell Telephone
Beficticial Finance Benguet Cons
Bendix Aviation Corp.
were mostly higher. Aircrafts Bethlehem Steel
were lower on balance,
rails, oils, airlines, and tobaccos
Boeing Airplane
Burroughs Add Machine British Amer, Oll
Borden (The) Co
Relish Columbia Per.
de C. I. T. Finncial Corp.
to. irregut
The government weekly crop
The Dow Jones average of 30 Summary was favourable, but
industrials was off .97 at 654.88. Cana. Bk. of Comm. Volume rose to 3,430,000 Caf. Pacging Corp. spot interests were Texas
shares compared with 3,180,000! Campbell Soup Co.
Cate (1) Ca. of nearby buyers accredited
on Monday.
Canadian Pacific R July. The rest of the trade was
The market opened generally Cat. Tractor scattered. Open Fully contracts higher, but weakness soon today totalled 50,000 bales. The veloped and the mixed certificated stook totalled 6,695 gradually switched the Jarity by the close. unchanged from
WELL MIXED bake previous posting on Monday.
The Liverpool market today Investment favourites closed off five to 18 English pretty weil mixed. Dupont was points and 461 to 854 American (off 2%, U.S. Steel off one, Com- points under Now York futures.monwealth Edison off 1%
Chrysler oft 1 whereas East- UPI.
man Kodak was up 1 and Sears Roebuck up one.
Rubber
market
review
Singapore, June 14.
and
Colombian Carbon Co. Commercial Credit Consolidated Edison Consumers Gas
Continental Cen
Contentai Oil of Del. Cosmos Imperial Mills
13%
34%
6714
**
401
28
66!
472
484
38
27
12
Some fabulous
facts about
facts
the Boeing 707
THE Boeing Airplane Company have just issued
THE
an informative and interesting 16-page book
on the 707-436 Intercontinental type which they
are manufacturing.
The passenger cabin has The book starts by giving history of jet development from floor area
7
of a modern two-
There are
the early days of aviation. It bedroomed house. then goET
on to detail the 106 windows in the passenger history of the design of the 707, cabin and 10 on the flight deck, 60% the design philosophy, the
Sound proofing material in-
details of the cabin, fight deck cludes fibreglass
board 2
211 and cargo holds, the aircraft's inches thick, while the weight
systems, the flying controls, the of sound proofing material
24h testing programme
Iwo tons.
in
- Thera are
600 more than individual electric lamps In the
Compared
modem with piston-engined airliner there are ubout 100 fewer controls, instru- ments and displays on the 70%,
tone
Celanese Corp.
51
Chrysler Motors
48
cluett Peabody
Colgate-Painwilve Co.
478
58!
87% earried out on the 707 and the the cabin 37% way in which production of the
airliner in carried out,
which wits
were
54%
44%
Here are some of the interest-passenger cabin, 41ing points which are made in
this book about the 707.
+
5814
BRAKING POWER
231
91
132
34%
energy to stop 970 cars.
25%
Electronics, vending machines, bowling and boating produced some of the day's most specto cular performers.
The electronics group
Crane Co......
Crown Zellerbach
Cuban Amer. Sugar Delaware & Hudson Co. Diamond Alkali Distillers-SesgramE
Douglas Aircraft Dew Chemical Dupont de Nemours had Eastern Air Line
Eastman Kodak
Litton Industries up 1%, Beck-El Paso Natural Ga
man ahead 2, Transitrom
up Family Finance Corp
1% and Standard Ol (the Firestone Tyre & Rubber
First Nat. City Bank
day's most active stock) UP Georgia Pacifie
1. Lower were Raytheon
1 and Zenith by 24.
Second behind Standard.
by General Dynamics
Oil
General Electric
General Foods General Motors
was Gen. Tyre & Rubber
in the most active list American Motors, which lost
news of some
Getty Of
Gen. Pub. t.
Glidden Co.
con-flight deck.
From
Under normal landing ditions the brakes on the 707
Ks cruising attitude absorb enough energy to stop with all engines stopped the 707 simultaneously 432 cars travel could glide a distance greater ling at 50 mph. During full than four crossings of braking they absorb snough English Channel.
To equal the cruising speed of 261 the 707 a piston-powered air- liner would require at least 30 Hd engines,"
at the
The 707 can cruise 63 speed of a 0.45 calibre pistol
bullet.
127
4471
133 28
45%
Goodrich 13. F. Co. Goodyear Tyre
Great Northern Raliway
Grumman Aireratt
3341
Guit Of ...
28%
Hammand Organ Hayden Newport Corp.
Overseas advices improved amid rumours in Wall Street
and the markel opened of big here uncertain at just overcoming soon.
Gainers included Ford 14. last night's final levels.
General Rubber 1. Today was the first day for U.S..
(aided by $6
3 Rss and Dynamics quoting August No. 1
one-half million nuclear submarine con-Hiram Walker..... this passed at about
13 and American Homestake Mining Co.
Idaho PowRT Imperial Ofi for most Cyanamid 14. To achieve their hoped for sent discount to July. At these tract)
levels good enquiry
short- expansion
producers, sheets induced some Russians are busy drilling from the isolation of Siberia to the Casplan sunny shores of the Sea,
Busy drilling
oil 25
They are building nine new Business done at the Hong-oil refineries to ease the present kong Stock Exchange this maru-pressure on the 40 already at ing amounted to approximately work. $2,112,000. Noon quotations and the morning's transactions:
Stares Buyers Sellers
1200 HK Bank
And they are turning the old salt mines into giant under- ground "oil tanks" for storage.
Mr Khrushchey in on of his
declared re- 100 1260 bouncing moods cently: 10r 1205
Sales 501105
Bk. E. Asla Unton
200
93 Ins. 9014
500 92% 500 9212
Wharf Co.
Waterboat Wheelock Dock
05 ur 220
-32220
26230
200234
26 6.8$. "6.90 4000 6,90 106 107 500 101
100 @ 103
Provident .. 18.80
HK Hotel "4011
HK Land
545 58
* 100 105 1300 106 400106 300 7,100
.20 2000 20
1000
19.60
500
19,80
3100
40
1000 40
·500 i 40!%
1500 in 40%
1000 40
500 / 40% 400 551⁄2 300 (56- 400 657 200 g 562% 400 55%
600 4 $2
51 ( 20.20
HK Land His Yaumati Tram:
160
200 168
Coats J&P Ltd-5,
Courtaulds Lid-623 d.
C. Light
30%-311%
23:70 21.90 1000 @
500 31 500
1000 @
Mines
80
Cons Goldfields of South Africa
K Eleo.
27.10 27.20 1840
5.03.
De Beers del-140s cor.
Cons. Zine Corp. Ord-70s.
1000 27.20
HK Tel.
373% 276
Petaling Tin-8s 3d.
Hoa xong Th12 15d.
South Kinta Cons Lid ed.
Cement
65
888
168 4 80037 500 of 37%
200 37%
Lower were American Tele- covering and sentiment seemed phone, Kennecott West-
Inghouse improved.
Electric
%
As price advanced stliers be- Standard Oil of New Jersey
until up---AP. came more reserved country liquidation and local Closing Prices selling checked the rise.
In New York, rex rubber futures today closed one to 135 points higher with sales of 159
of
Abitibi Pur, & Paper
Alden Inc. Acy
Algoma Steel Corp. Allied Chemicals Allied Mills Ine, Allis Chalmers
Am. Brake Shoe
Amer, & Foren. Power
contracts.
Covering in the July delivery, dealers became restive because the limited volume
Am. Gas Electric "The output of oil and gas is deliverable rubber being offered
the East, along with Am. Home Prod, from rising and we all rejoice in
optimistic reports this.
sales, and firmness markets, shaped the market trend:
The cilmen of the free world can hardly share his joy. There is a glut of oil just now.
The result; world oll prices are low. Except for motorists, who, in Britain still pay 2/6d, in tax on every gallon they buy. London Express Service.
Yesterday's Closing
on motorAm. Mach. & dry.
American Metal
Imperial Tobacco
Inland Steel Co.
International Paper
.
and Interchemical Corp.
Ini sudness Machines
Int Harvester
International Nickel
Moscow's new
airport opened
10714
A
631
has
4536
4614
Mascow, June 14.
PICTURESQUE airfield
WING TIPS
the
Wing up to wing tip the 707 measures 142 ft.--22, longer than the first flight made by the Wright Brothers.
At its heaviest the skin on the wing is almost half an inch thick.
་
More
then 19,000 gallons of fuel can be carried in the 707-
enough to enable a car to drive at least m round the world times,
The electric system can sup- ply enough current for 80 houses and contains about 40 miles of electrical wiring.
ona
At take-off power the amount just outside Moscow of air passing through the Rolls-
become the Soviet Royce Conway engine in
hour is equal in volume to a Union's new chief reception 40-storey building 100 ft. wide 813 point for the world's tourists, and 325 ft. long
businessmen
and
delega.
one-runway airfield. 80 called Sheremetyevo, was open- ed to inland commercial traffle B815
last year to take the strain off internationally known Vnukovo and the small Bykovo airports, near Moscow,
DOW
But now Soviet authorities have decided to turn
Johns-Manville Co.
Kaiser Industries
$ 4934
Kansas C. Power & Light
#4
4915
Kennecoll Copper
73
33
Kimberly ClaTK
118
Lilion Ind.
tions. The
35
Liggett & Myers Tob. Co.
294
Lily Tip
433xd
Litton Ind.
American Aithse
197
Lockheed Aircraft
af American' Cyanamid Co.
Am. Cable & Radio Corp.
91
Loewe Incorp.
2015
Lone Star Cement Co.
201
BK
Lowenstein & Sons.
173
McDermott J. Rey
9412
192
McDonnell Aircraft Merck
50% zd
Montgomery Ward
42
81
Messi Iran Carỹ, z
521
Molsons Brewery
Motorola Inc.
American Tel & Tel American Tab. Ampex
28%
Monsanto Chemical Co
National Biscuit Co.
82
National Cash Reg. "A
es
Armour
National Lead
$31 internal traffic
631
503
New York Central
National Steel Corp.
100%
2316
2414
Norfolk & Western Ry.
36
North Amer. Aviation
'10"
Northwest Airlines (Com.)
2712
Oklahoma Nat. Gas
Olla Mathieson
20
Olis Elevator
48
63
2211
of foreign | Am. Natural Går
terminal American Smelling
Am. Sugar Rel.
A fair portion of the trade also was represented in Intra-
July Armed Steel of switching dealer September and September-Anzoonda Copper
Asbestos Corp. Allas Cons. Mining November contracts.-UPI.
COMMODITY PRICES
METALS
LONDON
Closing prices all in sterling
per long ton.
Tin spot
Oct./Dec.
Jan./Mar.
Apr/May
June
34
General markels, ei, bura,
Vily
Aug.
- Lepe thin June
3614-367 35%-30%
یوار
thick June.. 394 AMSTERDAM
Closing prices all in guilders
Buyers Sellers per kilogram, c.lf. June:
789% 790 No. 1 rubber
DAZE
49
50
200 ASPA 1000 6
3-month
787
78710
No. 2 rubber
1000 4914
Copper spat
348
240 No. 3 rubber
500 20.30
3-month
243
No. 1 crepe
500 #27
Lead in half June
500 27.20
Sepi.
74%
7424
Zine is hall Juse
891
Sept.
90
90% -UPI.
-
Welen .....
10,30
10027 600 @ 27.20
600
21.10
100027 50027
**
RUBBER
Rex rubber futures closing
354 buyers
SUGAR
NEW YORK
Oxford Paper Co.
Owen-Eliola Glase
Pacific Gas & Elec.
¡ Pan American Airways
Paramount Pictures
Fer. St Co.
Phip Mor, Atney Bowes
Publieker Industries
02
ano Corporation Radio Corp. Pref. Raytheon Republic Steel Reynolds Mela Reynolds Tobacco Royal Bank of Canada
Rheem Mig.
Sears, Roebuck & Ca
Safeway Stores
Saint Reg. Paper
Closing prices all in cents per Schenley Inc.
16.:
3.30 buyers. July
3.40 buyera Sept. 3.75 buyers Ock
-UPI. Jan.
COTTON
NEW YORK
1er.
Total Saler: 405 contracts.
Closing prices all in cents Total Sales: 260 contacta.
2.10 South Puerto Rico Surger
Standard Oil of NJ, Steel Co. of Canada
Tide Water Of
Texas Co.
Textron Inc.
Shere.
There are 14 antennas on the 107 for various communications and navigation requirements.
To test the design of the pas- senger doar it was opened "and closed more than 25.000 times. and Boeing tests During FAA certification fights more
than 177,000 ft. of oscillograph paper, 121,000 ft. of motion plc-
metyevo, about 16 miles north-fure film and 350 miles of mag- netic tape was used to record west of Moscow, into the test data. More than 22 million capital's international airport single, pieces and use Vnukov solely for were soalysed by Boeing en
The decision has been made
a time
gineers.
Russia is
at
when embarking on a massive effort
of information
to convert the country to air Giant airliners
46% travel and cope with increasing
International air contacts.
Officials see air travel as the of the future
112most natural way of conquering
364
the country's vast distances
and, in fact, last year regular
services were being operated
Miami Beach, Juno 14. ¦
Naviation authority pre-
on nearly 80 internal routes. AN
The backbone of the Aeroflot
dicts that 30 yours
f
729% (Soviet Civil Airlines) stavien from now giant airliners will -
763xd
is provided by the roomy cruise
high abore
tha Gllyshin 18 turbo-prop end TU-weather et 2,500 miles per 41104 jet airliners which it has hour or more.
been fast acquiring in the last three years.
But
$97
201
Soviet the
Union's
Captain Eddie Rickenbacker,
Chalman of the Board of
20
antial passenger traffic in-
addrees to the Rotary Inter-
that these
seven-year plan target of Eastern Airlines, salt in an
421crease of 31 per cent will get rational Convention
an even bigger, boost with the aircraft will be able to ciréle 90% Increasing use soon of giant the globe in 10 hours.
48
can, carry us
to 220 passengers,
fly with silent,' "They will This need:for reorganising vibrationless comfort," he side, Moscow's air reception position "and will cross the Amerkan has also been intensified by the continent in THW more than devision, This: year, "of several an hour, the allelic in less
to fly high than two hours and foreign companies
the speed jet air Ifners to the Paclic in scarcely four houts, capital.
"Long before the year 2010 is At the same time, Aeroflot reached he said, military air- has expanded its own schedules
and now flles regularly to craft, both fighters and heary 1 nearly 20 capitals in Europe, bombers, will progress from turbo-jet engines at the speed Asia and Africa.
Umill May, Vnukovo, about 20 of sound to the more powerful 1815 miles south of Moscow, was ram-jet engines with speeds up 22% handling the bulk of the air to 2,500 to 3,000 miles per
hour. traffic.
2102
Scott Faper
Sinclair Oil
Contract No. 4 (world)
Smith, Kline & French
મ
TU-114's which
2.08 30T
Socony Mobil Oli
38%
Salar Altora.....
1636
8.12
Southern Co. (The).
5.19
Southern Natural Gas
May
3.18 Southern Railway (Com)
4814
July
3.17 Borry Rand
Spot-FAS, Cuba)
2.90
Standard, Brands
Standard Oll of Ca.
12
Open interest: 8,243 contracts.
Standard Oll of Ind.
41%
Contract No. 6 '(domestle)
15
July
5.80 Sleep Rock
Sept Nov.
6.00
Sterling Drug Co.
6.
Stokely Van Camp.
Stone & Webster
45
Humphrey
2314
200
200 in
NEW YORK
per lb.
Open interest: 3,751 contracts-UPI.
Sunshine Mining
Swift 2:Co.
May
22.10
July
32.80
100
prices, all in cents per lb.
Ock
1.75 1.85
July: 4430; Bept: 429: Nov: 41;
Dec.
31.10
Jan: 40.25b: Mar:
3945b; May:
Mar.
3145
May
31.74
38,65: July: 37916.
July
13.00
SINGAPORE
Oct
31.43
FOREIGN EXCHANGE
2000 @ 15.00
Closing prices all in Straits
Dec.
31.85
Mor
22.006
2
EDD 38 2.10 3000 6.2 No. 1 July
puris:
1243-1207
LIVERPOOL Closing prices
all in penet
Aug.
E-124 per, lb. 122-1220 11901-12014
July/Aug. 114-1171
American Contract
Dot./Now
Dec/Ja Mar/Apr- May/June
22.20 22.20
Brussels Copenhagen
Liston
Mixed Contract
·July/ASE. Ooly/2909 Dec/Ja
20.45 Paris 22.00 Stockholm
Milen
Zurich
Rand 71s 3d.
Union Corp 156.
West Driefontein Goldmining-788 Dairy Farm 28.80-47.10
OLI
British Borneo Petroleum Sydnį- estet 11
British Burmah Petroleum-23. British Petroleum Co., Ltd--829 3d. Butmah-431.
Roval Dutch Petroleum-£13-23/32 Shell Transport & Trading-1458
-Reuter.
NY sugar market
New York, June 14. World No. 4 rugat futures closed one point higher to five points lower with sales of 405 contracta.
Domestic No. 8 contract closed
Allied Invest, Textile
Nonyang Mill
Amal. Rubber 8:30 6.75 2000 @6.20 10500 6 6 JU Rubber Trent Talkoo Dock 64
Really
5000 1.85 HK Ge.. 13.00 13.70 2700 24 GALL
154
Late, Craw,
Gilman
1000 @ 13.70 cents per lb. Lob. Malayan 3815 2000 20
unchanged to 11 points higher Agreed merchant
with sales of 269 contracts. -World-contracts-met-oppost-).
tion in the form of July liquida-
Canadian Doliers Maximum
tion and hedge selling attracted Belling 17, 3/32; Minimum
by the earlier advance.
buying 17, 11/32; T/T, 17 13/32;
Domestic contracts also falter»];O/D. ed under July liquidation in late dealings.-UPI.
West German Deutchmarks Maximun selling: 72, 7/18.
No. 2 July
No. 3 July
No. 4 July
Spot, ruliber umbaled .......
No. T pâle crepa
LONDON Closing prices ail in pence per
-rates-
Blanket crepa
b.:
No. 1 Res spot impress *Seillement house beta;
un July/Sept.
40-60%
30/Aptit May/Juba
LONDON
Closing rates: New York Montsen
Amsterdam
A
2.8015-2.83
2.75 -2.78/ 20.560.54%
180.10-130.70
Thiokol Chem.
Travelors Inc.
Tradere Finance
Tri-Cont. Warrenta
24
Twentieth Century Fox Film
1
Union Pacific, Hallway
Union Carbide
Union Oil of Cal.
inited Aircraft
United Fruit
United Gas Corp.
U.S. Gypsum
U.S. Rübber
U.S. Smelling
US, Siset 10.334-1934 U.9. Steel 7 p.m. PF 13.00K11,0815-
„Warzer Bros.
80.30-30.30 Westinghouse Air Brake 20.00-20.005 Westerni. Union Tal, Co. 13,7242–13.7834) Westinghouse Electrio 14/482-14.455% West Va: Pulp & Paper 173813-17361% || Winn-Dixie MoTEK 72.06-79.71 Woolworth (M. WI
12-1100%] Zenith Radio
"These will be the forerun- Authorities, fearing serious bottle-necks in the future, are ners of nuclear. fighters and 250 making plans to give this air bombers, cruising 50 to port a new loose" by providing | miles above the earth, with better facilities and braiding a | sufficierit ‘range to circle "the 281% spacious reception centre to globe without refueling and will
form a perpetual peace patrol” ) accommodate 2,000 passer gers.
The hoted World War : I- abh But Sheremetyevő appisarn to
is be their chilet anayer to the sld these will be but stepping problem. This one-time military stones to nuclear powered guld- airfield, has been moderniseded missiles with speeds of 2,500 14% and mare buildings are to be and then 25,000 miles an hour, "and they will locate their. tar- added shortly
It also has a belicopter squire de Wittent devices ne for transferring passengers to get perfected." Vnukovo and peritape -sotna- In the next time in the future, for the "quick Rickenbacker said, bog” to the centre of the capital. | fary jravel will becurse
monplace--AE. China Mail Special
half century,
interpline-