1954-05-25 — Page 9

Page

and the picture below

Here is a picture of Bristol's turbo-prop airliner, the "Britania'

shows one of the Bostol Proteas 705 engines as the cowling is opened.

Latest Round-Up of Aviation News From Britain

Expert Puts

Aviation

His

Bet

On The Turbo-Props

This week's "Round-up" Includes a summary of a tecture given by the chief designer of the Bristol Aeroplane Company, Dr A. E. Russell, in which he gives the east for the Turbo- He compares it with two other basic types of gas turbine engine, dhe jet prop airilner. and the dueted fan and finds that although the turbu-prop is slower it scores by its greater Another interesting item in this week's "Round-up"-witch comes to you every economy, week direct from the London headquarters of the Society of British Aircraft Constructors... tells about a new use to which the war-tine radar device "Rebecca" has been put.

"In the future, aeroplanes fitted with turko-prop

<+

s

j

THE CHINA MAIL, TUESDAY, MAY 25, 1954.

been

Is 111 The greatnd beacon stalled at the ouse wirteki, and a glance at his instrument panel tells the pilot the bearing to his base and how far he is from it.

The lecture ders not compate shows them the same informa- existing aircraft, but hypothell- the in meter-form, has

a developed. by ral types each powered the diferent

"A Type of engine large TODAY assumed to be available to the aircraft designer in any size he cares to specify. He may have Complete confidence that ench whichever his choler, engine. will be ng fully developed us!

The wireraft design

Kines will form

proportion of substantial the Beets of all airlines. For any given duty, they will be smaller. lighter nud than any versatile kind."

more other

This prophesy is made by by other

A. E Hurself, chief designer for the furly

The Bintet Aetoplejo Company," Jong-runge fansport,

251

4

thes Alemaal leche,

1

دم

thr

3

its

לו

back airliner

#I

TRADE and · COMMERCE SECTION

US Stock Market

Boom Now In

Its

Eighth Month

New York, May 23.

The upward trend in stock market prices which began last September moved into its eighth month this week,

During that time, as measured by their averages, prices have advanced by about 25 per cent, reflecting what many observers are willing to describe as one of the biggest bull movements in the stock market since 1929.

To some observers, this steady price advance may scem paradoxica) considering that business activity has been declining. A partial explanation for the persistent

from investor confidence stems

the favourable Arst quarter earnings reports of leading corperations.

While the overall picture is¦limated at 850,000 units. Auto mixed, many firms, expectally, companies insist that is beaut those engaged in heavy industry, right for this time of year, when reported higher net earningsales usually Improve. But ther. despite some decline In sale

Ex

of 105

has been lots of grumbling from

An analysis of the sales and not deuters, many เก่ whom have manufacturing offered cars at substantial dis- corporation in the first quarter

cinants to meet sales quotas,

Elsewhere this week:

of 1854 by the Nation City

Bank showed the extent which to

rellof this year has

the Bank said offset the dexting

the improved!

HOUSING BOOM

Missed His last bus?

London, May 24,

A motor coach, belonging to the Britlal European Airways which was taken from

At L conch station Victoria, London, during the week-end, was found abandoned

Rochester, Kent, 36 miles away.

Police bellove that the

might coach

been favo taken by REMADODO

who nitssed the last bus home,

-China Mall Special.

Shell Builds Three

"Islands' For

Undersea

Oil Search

London.

Almost a mile off the coast of British North Boraco, two new "artificial islands" are being built. From these all-steel "islands" engineers will drill for underwater oil.

One "island" has already been built and en- gineers have already drilled wells from it in the

HONGKONG last year.

STOCK EXCHANGE

(From Our Correspondant)

Business

the 11

Stock Ex-

chante

2

1.

HK Dank

| $270,290 700 Now

and the Beraung's dealings SHARES BUYERS MELLERS SALES

DANKS

INSURANCES

estations

1093

125

Con

XU

EX

$20

X

Work

20 490

commodities (x- hibited a Ann note this weeks

LAND. EKK

SK Hotel 11K

795 $2

Laz

T

. ሶ

2012

گری

contributed

The business decline in the US earings record.

has been baited as it моя ге- Estimating the decline in tax ported by the Federal Reserve Board. The decline was of Hobility this year 33 per cent, customary size, the Board ex-

this more thani

plained, and that April produc- in operating earnings and brought about antion was as large as had been

anticipated. Interesse of 7 per cent in the net incomes after tuxes as compared Prices with the fien quarter of 1983.

Wall Stre has been quietly with improvements noted in oil.. impressed by the absence of the steel and copper. Steet produc- tion this week is expected to type of sepeculative Doving. Revent activity in the average 70 per evnt according to

the American fron rket h

and Steel been seleckye with

Institute This is the best show- the emphasis at the top-ranking)

which have been bought! ng since early March. by institutions with large invest-

Mil 1

The

1101

While mills report some pick- up in orders and a generally nire confident love, Lire up- has general publie perangs bad extriark, despite pours to be me disappointment over the rate of pick-up, Copper stocks have been a. ving greater volum. as have petro-

4 to brez ten the exten of interest

With .. !f the buying a leum products. Cund to suen jasbluti mu“ groups

inve thest trusts,

med rather than by

IVE

The housing market appears to aul hide insurance genūjas, strek be enjoying a steady boom, with burling hư, hem fully shody, | supplies of mortgage money

attractive Mutual y estils | plentiful

rates, government housing experts are current prices.

hopeful that a stari will be made Mary observers patement vh) on at least one million houses the impellern of present-day | this year. That would be the 30 K

prieks ma tampared with serond best for the nation. Much prier-awings in the of the new housing is for war the wide "gel-rrel-quick" sporulative

veterans. nuket, in 1929. Business Week smagazine. Ir example, described mara "scher set stive, baygan-hating." the en

Veterans Administration, merket at government agency. Housing It is a

with its demands for a variety that likes the buk of today's of products-will mean lots of corporate profits and that feels | dollars in the pockets of millions, The future is bright," it added. -United Press.

Weighs Only 40 lb. great mildere in business, one

The complete "quipment In the chon tay the aircraft excluding

It medium to, serial- weighs only 40 10.

corylagi has a range 200 pnutieal

ו

It de

shown сърд

1

"NOT IMPRESSED"

homes are Many

being sold with 100 ptr cont mortgage loans

by The guaranteed

Today's Prices On New York

has been hap- Stock

in s

Market

New York, May 24. Stock prices declined

with day ceptions.

IRAN

UTILITIES

Trarti

Star Ferry

品饼巷

24.00 130

tag 00139913 700,000 73 70

10003 C. Light (N) 10 30 13 80 2,000 14.20 Electrie

2714 2724 23 400 of

500 27.46 24.70

Shell, which is under-

taking this venture, is a New York Cotton building a unique aerial ropeway linking the three shore. "islanda" with the

In doing so the company

Market

New York, May 24. will introduce the first Cotton Tutures were murrowly large-sende applíention of irregular today following twit remote radio control for this week's Inte spurt of activity. form of transport,

At the close the list ruler 3 higher to 14 points lower. There facilities, conting some

Opening 200,000

prices were of 4 to 8 Tor

complete each "sand" or steel platform and points. New Orleans logs off

to 15 points. въиза ropeway, are to be used drilling wells into the sea bed,i

A trade joidention

Aurvey farmers intend to try to drick a submarine ex-day indicated

ne:cs of tension of Shell's Serta Oilteld, to plant 20.0 million

Tha woull be one of the largest single olleida colton this your

3.5 per cent less than the allot- Cornmonwealth, in the British now producing five million tons ment und 18 2 per cent under

last year's cultivated acreage.

Trading vohunes and open In- the Exchange today from terests in separate

Volume Open interest

of eninde me a yout

The three piforms will be

about 3 miles

cheh other and

distant four

Were:

July

$7,000

BIKE 200

1 x

247,707

Dne

10.71K

XT 400

Mai May

24.0

233,200

12,500

170,300

9,400

68,300

10.600

18,500

33,500 1,883,400

Ew the can be drills from cash, Month ione vertical and the other three Oct

deviated.

In this way. a large area of

userlying formation can be July tested without the expense taf | Def erecting a separate platform for Tatal cach well.

balet

United Prest

NEW YORK PRICES

Although Shell has previously hul experience of underwater delling in Lake Marcaibo, Venezuela--the venture in the 5poi South China Sea posed a probe July lem that lurd

previously Oktober

ben encountered

not

STORMY WEATHER There was,

New York, May 24

Closing Præ'ES

33.Der

May 21 May 24

113,20

34 21

34.24

34 17

34 D4

December Morch

34 23

34.00

May

21.35

The July urse.

Teleptione

STORES ERO

+

w.imm

17.20

MISCELLANEOUS

You

Y

5.30 3 )

137

on the sep led sufflelently rigid

100 200

138 to allow driling to take place

148

140

problem of erecting a platform Drtuber

34.34-33 24.22

34.24 3414 31,09

33.440 33,40h

-inted Prews,

LIVERPOOL MARKET

Liverpool, May 24,

one that arises in any under.

Collon futures in pence per lb. water drilling operation: but, in and based on American middling addition, there was the difficulty cotton, 15/10 Inch,

Singapore Rubber providing access to the plate fallowa

closed as

31.04

31.47

31.40

3134

markm

eney Unlied

form during the long spells of Od/Nov. stormy weather encountered in Dec/Jan. the South China Sen.

May/June The heavy swell

The

Mar/Apr

experienced

in this region for most of the Press

tion of an aerial ropeway link New York Sugar

Ink

the

platform with

the

Market

There

trude provement with sellers reserved, closings:

whs

un

Singapore, May 24.

year prevents vessela im- Doly little

Alongside a platform. enquiry |tion was found in the construc-

Future

coming

A solu-

No

June July

rubber

рет

1b

03-0322

dian

flon on the

014-81

23-22

602-01 4

03-0316 50-39

714-7216

No. 2 rubber per ih. June No. 3 rubber per b June No. 4 rubber per 1. June Spot thher untaled Blanket c*

No

pale crepe

-United Press.

shore.

The serial ropeway in opera-

existing platform

ropes. the

Sugar

Market

New York, May 24.

cmbodies a car, travelling on

track

which

futures No. 4, world, Incorporates

driving closed today 2 points higher to

mechanism in the car itself; this 17 points lower with sales of 159

back-contracts. moves it forwards and

Domestic No. 6 sugar futures wards along the track ropes by means of axed haultge ropes, closed unchanged to one point

In the ropeway communica-lower

the tions to

now platforms, tracts. however, a new technique will

Smatt

with sales of 35 con-,

activity

in both

NEW YORK MARKET

New York, May 24. Tabber futures Loday closed 10 points lower to 15 points be used. The driving mechanism markets represented routine higher with sales of vight con- will be on shore and it will trade operations, dealera said. trucls.

Futuro closings: move the haulage ropes them- Dealers reported a dull situa- selves which lu turn are reeved Contruct No. 4 (world)

cab in the outside market with through the driver's tion a price gup of 4 cent a pound moving it at varying speeds in keeping buyers anci

sellers either direction. apart.

to- only a few ex-

Spot No. Rss were at 22% cents nominal,

Future closings:

July

artik

Dec.

Mar.

May

Juty

432

new

thus July

Sept.

Jan.

The driver in the car will March

both the quoted | operate

driving May July mechunter and special lifting spot-teents per lb. fab Cuba) winches for carrying equipment

Contract No. 6

22.00

22.75b

2128

93.50

23.33n

21.65b

Untied PreNI.

Willer Wius. 250.00 3. pay load --ubout 100 miles and a margin of error of

Stret observers, Maty Wall The lorture: fost penpers

4 per cent.

however, we “not impressed" by Distance information is shown freight. ammtal any analyses of by patheticat

nuto

cette shares,

that The heming fitted with the love sinned to conte bear or above on a suli meter.

Industry's clains that it will KAT turbing the stratong here Standard take of the base is

produce its third largest volume N <51957- and off distances are assumed, and fastruncat samilie to Clagune jet,

this year. When the needle swings upped the result of the overall, the craft is chosen to pars.

Dr Kussell

be the smallest and test for to port, the pilot knows ht is

whol Here is analysis ads

to port of his destination-and make an aqualled statement

given duty,

pening in the industry: he 15 when to stardomar, In order to arsess rests, the of faith in the tuthe-prop.

General Motors and Ford Even on long journeys, says features of the different types stertaward.

As the alreraft approaches the North

Mutors the for

are now locked turbo-prop-nee evolved Dr Russell,

which

The Atlantic route.

beacon, the distancë-meter gets Titanic baltle to corner an in- jul powered irilner,

215,000 nearer and nearer to zero and

creasing share of the passenger slower than the other types of liner's gross weight is

102,500-104.000 as it passes over it, the meter

car market. As of last year, Kas turbine aircraft and takes 1. as against

Final averages for all major konger to make the trip. sulit. for the ducted fan (varying begins to go up again and the the two companies solt 82 per

compass swings round cent of the market, ratio of the bearing

compared groups were a few cents lower. scores by renom of its greater with the 12.500 . for the to the reciprocal heading.

It was the first time in two with 60 per cent in 1946, engine) and erotivity,

turbo-prop

This The

lightweight Rebecca,

The others headed by Chrysler weeks that all groups declined. A return flight from Europeon turbo-proj.

cruises at 500 m.ph.. developed by Murphy Ltd., hus

(0110 of the big three) have Out of 1,102 issues traded, how- eille to New York unach

485 were higher. been ordered by the Royal Air boen losing ground in the face of ever. would take 147 hours by turbo- the other types at 530 m.j.h.

There were 119 Hoya New

and increased com- lower. prop-only 1 hour 12 minutes The weight of the fuel carried Force and by the

a recession petition. greatest single factor in Zenland Air Force.

highs set, only seven new lows, longer than the some two-way (the

Activity was brisk early in A larger version for coiminer- the operating cost) is 18,500 tb.

General Motors and Ford both flight in a comparable Jet ul

the day, with prices on the way airliners is also being ald well in for the jet, 81,300-04,700 lb. for

the first quarter.

up; but volume lightened later craft.

by Brilish Overseas But it was a different story for and prices eased. Turnover for the dueted fan, and 54.000 b. installed for the turbo-prop. An annual Airways and by SABENA, A Chrysler,

is France and others. This gives Packard, Hudson and Kaiser.

Studebaker,

Nash,

the session at 2,330,000 shares utilisation of 3,000 hours

shares less than was 200,000 the information on a radar tube Chrysler's first quarter not in Friday's. Dr Russeli stoles that future assumed.

well as on meters-be- 1954 was less than a third of Operating costs on this basis-s the

A number fuc

of special issues in Improvements

work out as follows, showing a cause in large aircraft there is

the 1953 period. Studebaker featured. Eastman Kodak economy of the straight Jet

in the red climbed 2% points to $63, Sen- engine as a power unit for con- clear margin in favour of the navigating offer who can use went $5,4 millions

the information in this form,

Packard $0.4 million board Oil, up more than B points General markets, cit base, poris: "confined to turbo-prop,

which

somewhat more this year,

Nash Kelvinator just $0.8 Friday, rose 8 to $130. Also relatively small advances".

accurate than meter Information million, while Hudson, has not among the higher-priced oils, issued its quarterly carnings Amernda gained 2 to $104% ond

Services Cities

3% point to report yet, Kaiser

Motors' production $105%.

There were a low big lossen Stock market prices re- also. Westinghouse Electric was

of 144. fleet the camming records.

500 MPH Limit

mercial airliners is

The

The jet has "an inherent need

of bigh calorife nourishment".

Dr Russell puts it. The Direct turbo-prop, on the other hand,

is claimed to be still capable of considerable forward strides.

In the One example given lecture is that when new high- temperature materials are avail able for turbine blades, turbo- props of still greater economy will be possible.

The turbo-prop has, however,

д

excessive

physical

clal

Ducted fen

Jel

with by Turbo-

pasa ratto prop

njone.

•

operating

cost par

Jon/mile

in penco 10.05

1.04

0.37

0.02

05

cha

Per Keat/

atle Fuel cout

ព year £374,000 £307,000 £200,000

1039,

Civil aircraft ore in danger of becoming too fast, too com-gures, it was sald, indicated a plicated, too difficult to main- tựin, toọ initially expensive, too mach a designer's Joy instead of

un

the

the

Steels were narrowly mixed

Market

30 industrials

20 rails...

of 15 51

Nash-Kelvinatorit sold $11.87 share just before merg ing with Hudson, compared with the 1940 high of $25,37.

Kaiser-selling around

e stocks

40 bands

commentators col

Comm. future price Indox

LONDON MARKET

per

London, May 24, The rubber market was quietly Has spot steady with No. 1

19 pence quoted at Prices: No. 1 pet Settlement house term:

June

July/Sept.

Oct/Dec.

Jin/Mar. Api./June

May

June

July

A July per- Sept.

March sonnel will be suspended from, v the driver's end.

by remote radio control. special car for carrying

Not Syngman Rhee's Personal Advisers

officials

Washington, May 24. Korcan Embassy

today that b.asserted

"certain American citizens" have been 48% 19% falsely representing themselves

"in business circles" an 1834-10

the South 10-10dential advisers to

of Pre- 19-19 Korean Government 103-101sident Syngman Rhee, 10-10

15334-1074 3834-237 United Presa.

con-

3.21.

6,50

Spot-(cents per ib. eif NY

ex-duty)

-United

0.00 ited Preas.

CHICAGO GRAIN MARKET

Chicago, May 24, Grain futures were in a de- ctino during most of the session on the Board of Trade today.

Liquidation reduced prices of of July contracts

to un-

#

UL-

The Embassy, in formal

I statement, sald: "The Republie soybeans of Korea Government or Pre-heavily, which tended 109sident Syngman Rhee does not settle all soybean bids.

Market observers sald appolat anyone ne adviser for the Korean Government or for large part of the recent

in commodities had President

private certainty the

been due

to

government

Wheat closed up to off

LONDON METAL dent Rhes and the Re-activities.

PRICES

London, May 24.. The tins market was steady but

Korca

have

friends but none of them can be, cent; soybeans off to

many

cents.

At

buyers sellers be made."

735

Prices per bushel in cente:

Closing

241

241

plain

the reason for the state-

Prices

2014

cans

been

had

representing Spot

July 1987 (1) 1984(L) themselves as confidentiel ad- sept.

20091

3:30

ment, said that "many" Ameri- Wheat, No. 2, red

70% vloors to Dr Rhee or his Govern- Doc.

public of

SOME COMPARISONS

considered either as his personal operator's bread-winner, bc-

Winnipeg, whent and cording to Mr M. H. Curtis,

aidered today's action of a tech-

or as a confidential made Business Week

adviser

grain markets were vice-chairman of the British in following comparisons:

nical nature. They pointed to

Should the continued resistence to sell-quiet while zind was steadier, adviser to the Republic of Karen. other

such an appointment closed today because of a holi- dependent Air Transport As- The war-time radar

device sociation.

Chrysler-now selling around

that the copper and lead were steady, with a peak of ing as an indication

Prices closed today in sterling ever be considered a full, public day,United Press

CHICAGO PRICES He told

of $81, compared inaptitude towards Robecca', which was specially

Society

advance is not yet due to end.

announcement of the fact shall $90 in 1962,

Chicago, May, H. to gulde

Dow Jonca supply Licensed Aircraft Engineers at

closing averages per long ton as follows: There is a designed speed.

Studebaker lagging at around

were:

tay officials, asked to ex- Embassy sharp drop in its efficiency as dropping aircraft to the hide their annual meeting. last week: $14, compared with the high of

10.00 Tin. apot .....

3-month the forward speed of the air outs of special agents operating Do all in your power to ensure

110.0% craft approaches Mach. 76 in enemy territory, has been that the designers and manu-$43.50 in 1953.

56.04 Copper, pot 3-month developed in new form for the

keep transport aircraft

122.09 Lead. May facturers that is, about 600 mph.

100.TT us simple in construction and ng

August "This speed," anys Dr Rus latest single-scat jeis.

180.85 zinc, May... probable During the wor, sell, "will mark the

airborne easy to maintain as is humanly

--United Pro,

August in possible for the job each type is limit

operational fight Rebecca sels were installed

big transport aircraft and their intended to do." speeds for civil aeroplanes."

"Some *new Mr Curtin anid: The noise from propellers, the Eureka ground beacon counter-

into

will enemy aircraft

be faster, fly tips of which would be turning parts parachuted faster than sound

this territory. above

Signals from the further, ba more complicated, en more handiorie fantastically .bo pro-Eureka beacons picked up would tilso. speed,

the hibitive.

Rebecca radar screens in more expensive than anything The third type of engine, the the aircraft told the navigator we know at present, ducted fan, is described as how far away the bencon "was, "Others will just have to be "cross-breed designed to over and gave him its bearing. Now, simpler, reasonable but ecobo come the deficienoo of the jet because pilots flying alone in mically fast, will forfeit speed and the turbo-prop. But it, too, single-seat jots have neither the for payload, beauty for strengths, is claimed compares un time nor space to Use this and technical Frennenten for favourably with the turbo-prop television type of Rebecca, implicity of operatios and production levels, New in economy of operation," special lightweight version which maintance"

1

un

vu

$2.25

lately. In 1948, its peak was London Foreign

at $23.80.

Exchange

Packard--selling around $3.50 recently a 1981 it was priced at $0.87 at Rs peak in 1940 it went as high 2012.02.

New York Hudson-before merging with | Man Nash, It was priced at 18.25, an minst the 1951: level at $20.37. There's some doubt, that the auto industry own well at current

docks in dosier hands are

Munited Press.

NEW YORK FUTURES

New York, May 24.

The prices of metal futures closed today in US cents per lb, na follows:

London Bay : 24.

7/18

Lend., May

19.40

Tob

ment in order to gain "certain March ends" in business circles--United Orn, No. 2, yellow Pross

Exchange Rates

Bpot

July

Bept.

Deo.

March

Boybesos, No. 2, Yellow

Boot-

Dumbem was done in the local July horticialezenango smarket this Sept. Nov. morning, at tism followisat raj09; -- 02.7815 PUB. dollar (per (1)

1177|| Marth 293 Harley, 2:50 New York Hour, 200 h.

Bierling notes (par &12MEN Indociésches rupiah: (per 100); 15.

Blair Lienka (per: 100)

sinupot (ftrmi£m) · 2/« indovichina, prantrée (pes/106)

Prom