Page
Viis fefropter is helyduz - EVANT enfans W thr Aızılı alantan Petroleum Company In thede search for oil in Papua on the island of New Gulpen. Lisa pleture shows it landing bazleaning wet storas dad cap trenu par the avlated œil 2 Catchers.--Central Press Photo,
Latest Round-Up of Aviation News From Britain
THE CHINA MAIL, TUESDAY, MÁY 18, 1954,
New Chemical Puts Out
Air-Crash Fire
In Twenty Seconds!
11:
1.12
Farle
יון
p L.
Pomiar interest are tealated in this week's “Round-up", The Arst tells paul new chembe il developed by British Arm. General Fire Appliances Co.. Sandoy walled a lakot od pomotorihane it for short; which actually extinguished
Sarately. when entleaf train with conventional equipment 14 under control 21 20! Thu seeund item is about a system worked out by arts austrunyent, stirnlists to rusure that guided milsslies don't suddenly andl unnecountably ebatur der tion in MDE This weekly feature comes to you in the "China Mai?" every thesda dreet from the Bendons leadiptarters of the Soriety of British Aircraft Constructors, It es wiadkowy in a readable style with the very maloimum of technical Jargon and can be enally anger slave (N the expert aut teman atke.
Airtell Tare fighting: | mungiment
UPDA
ate
FAV
to spa British devise which will n
work planes which my forest Grad lau!.
voduliario perse lat
[:
ta
14
T
C
F
.
1
T:
M
.!
* qre My int
Lutj
።።
-10%
lyrarly
200
יד
ינ':
זין
aunted
1. t), teams.
night- atst
by the An Ministry and CV Aviation wing beek' aweyall and a tank
Other ady, ninges of CB are the loge in threeted un Light high-speed Vomeles a particular ares, the fire there can be sup-ipal out at instantly, and therefor the fite-dighting team can walk strnight into the burn- ing wreckage, extinguishing the fire as they go -Uiev do not have with ins to stand at a distance from the pal Bas
fire, nor are they hell
I uy Comparatively, the heat
The strong winds which seem blow cross air- Belds es no disadvantage to CB;
quontips of Cis vat, ex-| bangusha dangerous Bre in half invnably to
a mummute for less.
A then the tek airerat. In fart they tend to assist in covered with gasoline, we pull getting the are out. ertat by CE puupitiezis
ד וּ'
201
1 teeni. nd fat texts with conventional *Tu first hemorojs strip- FINA
eprapment during to get this tire carbon of the guided musile Bol An de control at all
age showed a pikt fring of a The Morska v Civil Aviation, guided missste at an enemy air
an ten craft, only to re-appear, in the dex moba taules maliy kilowar #20 Septe feet covered last picture of the strip being and waste cul, and himself chased by the very same nied with preenit debris surb masale which had waywardly at cushanty, metal theeling, anal, parts of damaged aireraft "which | foured lintels and pockets for
1
The deplet
t
thranga speedle whats-
Speedier Technique
ן י;:
1.
!
Too mrulers of a the squad
4112
ttacked
wood by bay uping toom The h. Adavi fia, fere warr det 4 extinguished
Tught the eh,
xfigu-
gom Wing.
One of the ways in which the pilotless missile is controlled All flight, and prevented from In- dulging in strip-cartoon unties. 1 is by the use of gyros. The
story of a recent
"devet prent in gyre design shows how the way has now been payed for still The wa a whith a to greater accuracy in the per- extantu
the Formaner "f these pilotics men why. at pedig its heat, weapons of the future. At it sprasent from flan
The story concerns anal as which ensure a eon-| gimbal, The Almbut
he gyro
Is
1
TRADE
and
Textile Market Comes To Life Again
A Hopeful Sign Of Recovery In US Economy?
New York, May 16.
The long-dormant textile market showed strength this week as more than 70,000,000 yards of cotton print cloths moved on increased demand from weavers.
Prices advanced up to cent per yard. While some of the pick-up was attributed to seasonal influences, many were hopeful that the stronger tone would carry over into other sections of the industry.
Cotton mills have for a long time been plagued with over-production and loss of markets to competing fibres but now it appears to be making some headway in adjusting itself to reduced demand. Other segments of the textile industry-notably rayons-might take longer, possibly until the Autumn before realising equitable balance between supply and demand.
According to an estimate by
Д more
Other suggestions Include Gov- the Journal of Commerce, US ernment restrictions on oll im mills.
operating 300,000 Joors parts, abandonment at Amerieng on three-shirt six-day basis, purchases of Australian coal to are capable of turning out over Japari. 2.500.000.000 yards of syn'h bes
and mor thon 12,000,000,0
Some criticism has been re- yards of cotton annually Tsported of the wisdom involved volume ennnot be absorbed by in the recent US loan to the drunestic consumptioni
by European Cul and Steel Com- munity to improve their facilities.
exports.
Normally Amerlean rolsters Foreign markets CAN absort; US
output stemning from a two-shift Ave or six-day week, but the industry ran into inventory surpluses whenever fl vendured
there-shift into ojovation for extended periode In another part of the econo- pleture, the tick mor- begin.
next
Its week nath month of triness.
carmits of leading corporations, endid: ne:
mic kei
Dong Fax unaires
the
SUMMER TRADE PLAN Grain market Last week fell the pressure of
Government revised estimates of the Winter wheat output a
Lr 1954. An of May 1, Winter wheat production bushels. was set at 707 million an increase of 130 million
Over predletions mado
month carlier. Including the expected Spring wheat
output of about 223 million bushels, the total wheat production this year is set at 930 milion bushels.
COMMERCE SECTION
US Steel Output Rate Better
New York, May 17. Steel mills In the UB last week operated at the best rate in three months and output this week estimated Just wilghtly lower. American Iron & Skol maitute reported today.
Operations
this week are scheduled at 70 per cent, for 1,668,000 10, an Index of 103.8.
UB.G
A month ago, the in- dustry operated at per vans for 1,036,000 tont. an index of 101.8.
A
year ago at 99.9 per cent for 2.250.000 tens, an index of 140.1-United PresS,
HONGKONG STOCK EXCHANGE
(From Our Correspondant)
Bualtiess on the Stock Ex- change this morning amounted $287,540. Noon quotations and the m raing's dealings:--
SHARES DUYERS SELLERS SALES BANKS
دا
Ft Asla
INSURANCES
170
Union XD 007! 24715 Underwriters U DO Loinbard Xb
DOCKS,
07
ETC.
K. What! Provident
Whoaluck
GJKS
LAND. ** IK Hotel ILI Land
1.00
2100
7.00
0014
300
3345
100
34
300
9411
2:00
13
2016 201
Realty...
UTILITIES
25.80
Star Ferry
Light (0) XD
130
13
24
1:1
Electric
Telephone
INDUSTRIALS
Cement
STORES, ETC.
Dan Ay ...... 21
23 20 000
300 20
23.90
381⁄2 600 m 10.30
on the part
That is about 40 million under of inventors wit business will exp: race only a expected consumption. Whent nominal adjustinent Activity as much as four cents a on the New York Stock Ex-bushel in
C. Tuesday's tradings change bas pæk up noticcably Corn und soybeans were also this year. On Wednesday, the under pressure, market had is thirtieth 2,000,- In New York,
retailers and 000-share lay in 1954. In all other businessmen announced of 1903, the
market enjoyed Summer plans for boosting trade only 23 such high-volume days, during the normally slack Sum-
Unemployment in
US mer season. Enlisting the aid of
hotel, d'o, slackenext and according to Incivic organisations, the new plan
deeling.
envisions
efforts to push big For the week ended April 24. salt unemployment showed [ drep
The recent American lour
dleations contimres to
the
amusement.
and
01 200.000 from the correspond-Dr EL. Kramer of the Nether- MISCELLANEOUS ing week in March. This lower
lands Economic Ministry--along
tread, however, was strongly with nation-wide publicity
disputed by labour leaders last week.
TAX RELIEF SOUGHT
journals
business US newspapers-hos exelted Biderable
of
Yangtzo
Youanti
In
and
con-
ble interest among Amer
can business men in the oppor They insisted the unemployed tunities for investments in the
totalted the equivalent of 5,000-Nethelial Manager of the
000 and called for a Govern- The
The user ada & God laasfeed dialet it. The dir els frame in which the gyro wine buyers to place orders
heavors f
Bowen en trenky:
Wh with fam.
ke
1
fa
The theophy
1
movement cumbles the KYTO wheel to remalp steady and so
fem uns on these iroplets for sapaucise itself is set, and which by its
sreekake
Ta down to the tre hues Trga drit of, I< head Semakin jescue caller
and allowing will now be tran 14 **1 Light into the է::- HW C3 wreckage.
to re-dighting provide a stable horizonted or vertical datum
A Million Dollars?
Alec Guinness Is Unmoved
line-regardless
of the gyrations of the aircraft in which it is fly.ng.
Effect of High 'G'
has
The gimbul frame obviously to be able to move in- dependently of the gyro, and so normally the gimbal spindle hus a minute 'end float-n matter only some tenths of thousandths
.
૧
Alee Guinness is the man in the gold mask. He of an inch. However, when the
gyro is has concealed his own personality behind a dozeng forces of the order of those is subjected to very higli different disguises. They have been in turn put on a missile which is shot off the ground and immediately And profitable. His accelerates to hundreds of miles grotesque, comic, grim, carnings today are in the region of £20,000 a year. an hour-then, the effect on the
la not a happy one. gyro 18 His most successful musks; But he was anxious to disclaim The reason is, of course, that have been comic. They have responsibility.
the free-movement which ought been valuable dollar earners, It was all account of t be made possible by the Tut In future we shall be see- Yvonne de Cario. Because she nesting spindle is all taken up les of Guinness the comic was in the flm it had been by the g forces. The result is and more of Guinness
the given countrywide distribuilon, that the gyro does not operatè serious actor-in #ins
ns playe
תו!
as well That," he explained, wass should, and the strip car- what we hoped might happen, toon variety of consequences may in That was why we got de Carlo follow.
West End today
a for it."
In the The Prisoner he is giving harrowing
IF the study disintegration
strong personality under psychological pressure.
of
to film
One way to stop this happen-
Ing would, of course, be to apply The Reason
about 4 or ülb. a pressure of along the axis of the spindle, With this explanation helbut this, of course, reverses the dlamiksed the suggestion that very purpose at the end-Boating he was becoming Increasingly spindle, which was to leave the popular in America.
gyro-wheel free.
to
Cuinnces would like the play, provided the main character, the Cardinal, can be
His latest fim to be shown Fortunately, sciontials at made more sympathetic.
there is expected Alte Guinness is writing a 400.000 dollars more than
mako Kelvin & Hughes, where Instru- his ments of this kind are made, dis- fim script of a play, The Duke
of previous one. Simply because it covered that it was possible to In Darkness by that master of was given a circuit deal the macabre, Patrick Hamilton.
and put this pressure on the gimbal spindles without reducing the Ho intends to star in it himself, the last one wasti't,
In his dressing-room at
Today, his film earnings help gimbal sensitivity if the spindles to subsidise bis theatrical ven- way revolved. Glob? Theatre, Guinness carded the personality of the im
Cardins as he took prison:d
and removed off his red robes the greasepaint.
And what is he like--the man be behind all these masks? No one
the
dis-tures...
a quarter of bis normal salary, because he felt that The Prison or was 3 play "which ought to
At present he is working for gimbal of a rotating
donc.
This
has two other advantages. First, ∙any duet which creeps into the system. does not form hard spots which upset it, but is
09
A
D1
he
After 13 Years Of "War-Time Control"
Cotton Exchange
Reopens In Liverpool Today
Liverpool, May 18.
An old market bell clanging today will be the signal for the reopening of Liverpool's 72-year-old Cotton Exchange which was closed 13 years ago by the war-time Government.
Cotton men in Liverpool are eagerly awaiting the re-establishment of this raw cotton "futures" market a key world market in pre-war days.
It marks the final stage in the campaign for the reopening of the big futures trading markets In the United Kingdom, which gave the nation an important role in world truding before World War II.
The Earl of
Derby, former President of the British Colon Growers Association, will toll the exchange bell to set dealings in motion today.
NEW YORK
STOCK
MARKET
New York, May 17.
Strengths
*
shures
were
stock
Lord Woolton, the Minister of Materials, will speak at the ceremony which is to be attend-
aircraft ed by 1500 guests.
arsel its a few specialiom About 400 of the guest will the features on a firmer be from abroad, many of them market today. delegates attending The 14-
nation Jubilee Congress of Trading Was slightly more Master Cotion Spinners
and active than in the Friday es
ston, tolalting 2,040,000 shares,
Cotton trading in Britain was compared with 1,070,000D.
state supervision
Manufacturers at Buxton.
laced under
in
formed
Cotton Control.
1942 when the Government
a body known as
ON PRE-WAR LINES
For the greater part of the mersion trading was routine,
price
changes except for a few special issues,
the with
Gate in the aircraft ged
In 1947, the Labour Govern- to 4% points in Douglas, Boeing climbed 24%. Bendix 2. Lock- ment placed the buying,
theed 1% points, United Aircraft porting. holding and distri-
a point. of raw buting
cotton in the hardly of the Raw Colton Con-
Steel strengthened in activo mission which purchased collon trading as production in the In- in bulk-overseas.
dustry ran at the best rato it
Cotton
A Bill winding up the Raw three
months. Republic Steel Commission, which gud a polt, and National ened the way to a free cotton Sted, 7 Bethlehem was ma.ket for British buyers, was higher and US Steel higher, passed by a narrow majority in with the latter the day's mast the
Common in active issue.
28.40 February.
of House
Organisation of the Liverpool Raile as Exchange will be fundamentally fionally higher. on the prewar model,
a rule were
frac
Tyres closed generally lower. Goodyear lost % point, Firestone
Importers, merchants, spinners and buying and selling brokers will dea! In cotton ahead of 2 points, 3000 25.00 delivery using the market as an insurance against big pilte
£1,90 100 a 22.10
1000 22
0124
142
800 210
2500 * 21.70
500 or 21,70 000 21.00
New York Cotton Market
fluctuations.
Egyptian Government
Out of 1,203 issues traded, 562 were higher while 372 declined, The NY Stock Exchange bond and volume was $3,180,000, will The American Stock Exchange and | volume was $70,000 sharca continue talks on the possibility United Press.
the
Alexandria reopening
cotton representatives attend today's ceremony
of
Futures Market for Egyptian cotion.
AL present. the Liverpool Exchange will deal only In American cotton which offers the most stable "futures". Other
DS
New York, May 17. Cotton traders watched the growths will be introduced dividing line between
Goon as possible.-Chino Mail old and new crop positions draw a little Special. closer together today.
While nearby July as kept
under gradual liquidati pics- | Singapore Rubber
sure, the new crop months edged forward, although overall acti- vity was on the quiet side.
Market
—
New York Sugar
Market
New York, May 17. World No. 4 sugar futures closed today one point lower to one point higher with sales of 103 contracts.
Domestic No. 6 sugar futures closed unchanged to 2 points higher with sales of 40 contracts. Trade buying orders pro- dominated in the world futures, while domestic contracts ruled slow and uneventful routine trade.
ment programme of federal aid Netherlands Industrial Institute, and tax relief to spur consumer Mr Joseph P. Bourdrez, jold buying.
United Press that 120 American Sice) continued to Ta in corporation were now carried on making its expected April re- the Institute's "netive" list. covery. Some
Steel expect
As a
conservative estimate, the he predicted that about 12
be finalised seriousness of the steel negotia- this group would tion becomes more apparent on eventually. Most of these.
Bald, the theory that it might be
included metal-working At the clone the list ruled off
Textile good idea to have some extra
machinery, 3 to up paints. The market
Singapore. May 17. steel around just in casC.
small tools and opened off to up 2 points.
The market opened steadier Meanwhile,
sume improve varioua
The July premium over Octo- and advanced further on some ment in inventories has been auch 09 steam generators.—|ber was cut back to around 10 factory and trade buying. The noted. Rate of steel orders, United Press.
20 points against
points on market, however, eased off on In work raws, Chile of tho according to Iron Age, has been
Friday and 30 points a week selling from Federation with week-end reportedly bought Increasing. Some mills now
trado buyers withdrawing at the 20,000 luns of Cuban, Moy- rind new business supporting.
Trading volumes and open last half hour of trading. Future Juno shipment at 3.30 cents A Interests in the Exchange today No rubber par lb. June 621-431 sidelines in the domestic
closings:
pound. Reflners held to the July 031-03 No. 2 rubber per lb. June 0335-02}| No, a No, 4
current operations for the first time in months.
ан
industries, olce specialised products i
CHICAGO GRAIN MARKET
ngo.
Many buyers out the
of market for some time-are now
Chicago. May 17. turning up. According to the Feed grains were strong but American Iron and Steel Ill-wheat
and soybeans slipped Mar stitute, stool operations will heavily on the Board of Trade function at 98.0 per cent of today.
week. with capacity this
Liquidation of old crop beans estimated output of 1,630,000 found 11tle demand and push- or 18,000 tons below tasted the prices down 10 cents a week.
bushel for May and July con- lasttracts most of the day. week old that the first-quarter Planting output of goods and services bean crop
and Spot July was at an annual rate of about dealers believed the production October 358,000,000,000 tons of 1% per may
the surpass
previous cont below the rate in the final record of 290,000,000 bushels set quarter of 1933.
In 1950. Construction continued high, employment showed a drop for
The government report
of the 1954 soy- has started,
Wheat closed up to off 14 cents; soybeans. off 1 to up echt-United Press.
CHICAGO PRICES
Chicago, May 17. Prices per bushel in cents:
Closing Prices
20011n 100-199
20236-31
Spist
ReDL.
the first time since October, spending continued at a high rate and inventories were IC duced by about $5,000,000,000 on an annual basis.
President Eisenhower blamed the Inventory pile-up for the business dip. If the tread con- Wheat, Ne. 2, red tinues, merchants will step up y 199 (1) 1973 (1)' their orders, thus
spurring July factory production.
The American soft coal induse Dec try has submitted a host of Corn. No. 2, yellow plans calculated to help sell at H least 50-million tons a year: July Production thus far has been 17 Sept
Dec. Der cent lower, with mounting te unemployment” and reduced operations: prodicled later this 202 year. Main target of coal Orla operators and unleris has been competition.
Jons
next film will be for Mr disseminatodeid down and residual ·
Allen rotating the industry' 4100
has ever been quite so unmoved Rank" owe hun two. He's action of und spindle. Second Clovernmen
by a million dollars as he was been awfully nice about th” it it makes it possible to, und, ball?; trómia, hotati This Is the sum his
will still be in the light vein races which are not, wo finesy Captain's Paradise, is expected with a Paris wetting and, proli finibed--so goddding? man- boura is its
with several gyros in they the ~(London Express Servier) ||'cost of the wanpoti, top,
to make in America and Canada. ably, Odile Versola as one of its and, in the
Yes, said Guintioss, he had | state. heard something so that effect.
Europ
tract.
on
2
con-
NEW YORK MARKET
May New York, May 17.
Rubber futures closed today Spot-(cents per l. fob Cuba)
to 3 points Open interest: 5,330 contracts.
were
Month
Volume Open interest
July
62,400
623,300
Get.
13.000
244,700
+
Dec
21,100
318,700
17,000
218.700
May
4,000
169,300
Bpot rubber unbated Blanket erepe
004-0015 021-024
No, i pale crepe
$71-68 71-53
July
Future closings: Contract No. 4 (world)
July
Total
4,400
80,500
2,900
15:00
Unded Prem.
Oct.
$37,200
1,000,000 bales
Jan.
United Prem.
Mar
NEW YORK PRICES
July
10
New York, May 17
points higher
Closing Prices
lower
with sales
of 21 con-
Contract No.
May 14
May 17
July
tracts.
Sept.
34.300
51.450
47
34,24
34.30
December
34.25
34.30
March
are
34.30
34.04
34.14
Dullness prevailed in the spot Nov, market. No. 1 Rss spot Was quoted at 22 cents a pound. Future closings:
1,40
5.72b
Маг
Spot-cents per lb. elt NY'
[ex-duty)
Open Interest: 7,078
.554 contracts-de
October
July
22.00
United Pres.
United Press.
Sept.
22.10
Dev.
23.20-30
Mar.
May
July
July/Suptenber
23.02
23.621
United Press.
Al1
.
Tin
spot -mons
3-months
PRICES
buyer soltera
London Foreign
Exchange
New York Montreal Amsterdam Hamburg Brunet Paris Stockholm Zurich
London, May 17,
201-231 15/16
1711/30-477 10.04-10,5414. 211257–12741 140.45-140.0756
906-088343
14.087E-SABT
21332-128394
UMURA PARK.
LONDON SILVER
10 Kendon, May 13 The price of alivesynd died today at 1855, pence per fine "ounce for spor and 17716 pance for foreand) (Agsinet 723) pence und 1311⁄2" penge`rlapsos fively an" previouilly, Areck... LINKEDI
NEW YORK EXCHANGE
NewYork, May: 11.
LONDON MARKET
London, May 17.
LONDON METAL
London, May 17. metal_markels were
The rubber market was quiet į stendy today. Prices closed por with No. 1 How spot quotes i long ton na follows in sterling:→
18% pence per lb. Prices: No. 1 Res spot ......... -1894-19
Sefilement house termi
October/December
January/March
10-1991 Copper pot ・2010-103
19%-100% Lead May April/June Regenerkoperi _19%-109%
Zine May General markets, eit basis, ports: MAY
Ele crope, then
-Untied. PreSË,
NEW YORK FUTURES
New York, May 17, Prices of metal futures closed
Exchange Rates joday in US cents per ib, an fol-
Bualiers was done in the focal Lend tinometal Retarge market
beans, No. 2, yellów
[371-274)
Canada
aru
June
July
3814-2878
DIG **United Prem
Tjörniper, at the followlar |EATED:-D
Useddin (per $1)
Bierling/notes (1996, #1).
Indonesiaru rupith; (per 100):
Inespore (Nitraits) Indo-China Diarizer (ver, 100),
Aug.
Aug.
May
Juno
this
Tim
Zine
Copper May
Juno
"United":"
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