OUR WEEKLY AVIATION NEWS.
H
The Handley Page Victor, rapable of conversion Into fast jei transport. It could carry
about 150 tourist passengers cruising at 600 mph.
Handley Page Will Convert The Victor
Into A Transport
De Havillands are now almost independeat of the Royal Aircraft Establishment in their pre-flight testing equipment. A new high-speed wind tunnel has been completed at Hatfield and a low-speed tunnel is nearing completion.
On the fare of it a lehtweight tyre seems the obviona iling für a helicopter an no menway k required. A British rubber company has found out that the phyious is not always
Indeed a heavier tyre is needed to offket ground resonance. Carrel
The helicopter intro-
Imposed duced another problem for designers-maximum loads on breaks are ground handling and not during take-off and landings.
during
Britain is looking further ahead in the Jet transport field and has three promising designs on the boards. They are the Avron Vulcan, the Handley Page 97 and the Vickers V-C 7.
Twenty months after design work started and eight months after con- struction work began, air was drawn for the first time through the working section of a high-speed wind tunnel at Hatfield. A second tunnel, for
new
gauge balance are the work of 97, and
Me 9. C. Cullendi.
V-C 7. been
the Vickers Figures have recently Issued by Handley Page which clear idea of the pro- gress which may be made In when
The tunnels, both high-speed give a and low-speed, will be a section of the aerodynamtes depart-long-range air transport Comprehensive drawing this project is realised. and technical offices and model- grouped making workshop are hear the low-speed tunnet.
ment.
Sees Wheels
The .P. 97 is to be a civil version of the Handley Page Victor bomber which is now in super-pricrity production for the KAF
Between Lonion and New York, the range of the H.P. 97
such that no Inter- fixed-wing | HD speed work, is nearing aircraft making its approach to mediate stops would be neces
the runway in
land Sary. order to has plenty of me
think.
completion.
low-
A passenger in
A
10
when
although the dininnes 2.446 miles. The aircraft would be capable of cruising 600 The tunnels have been bullt As he sees the wheels of the
150 currying because of the Importance undercarriage go down, he may mph even
tourist class passengers, thut the touch-down nowadays of extensivo pre-fight remember
Under these ph accommodation. will per aerodynamic testing
circumstances, the fares would
design, and the ht Havilland
will
Companies
dependent
aspect of this work.
Decur at around 100
sea.
of new and wonder at the strength of be cheaper than if the passen-
which can
Lake surch in the ty:<s HOW be
were to travel by KC:N loade
This
means every
strength almost
The HP. 07 may also be bullt tyres Until now that the
are Inevitably
passengers, much heavier
they would to carry first-class
the and in this case approximately otherwise have to be. In the
100 can be carried. oge.
obvious One the fact that, with
reduced rate
all tonnel tests of de Havilland designs have been made at
Aircraft
Royal
whose work has always been of
Establishment. S
the greatest help, but the grow-
Breathy
of
Ing Tequirements of the aircraft descent and on forward speed.
industry have påneed a
heavy a
bard in on government tunnels.
normal verticul landing should, on the face of it, only require a lightweight tyre.
The airliner is to have two However, 31 British arm i decks, with spiral staircase which manufactures helicopter between them. IL should tyres, the Palmer Tyre Co., has
able to do three transatlantic found that things are
the
not as
Bow
be
the
THE CHINA MAIL, TUESDAY, JULY 20, 1954.
TRADE and COMMERCE SECTION
More Synthetic Rubber Plants
Needed In US
New York, July 19.
New synthetic rubber plants rather than natural rubber plantations of the Far East will be needed to supply the expected increase in world rubber requirements, the Journal of Commerce reports.
New construction of synthetic plants might be needed as soon as 1956, it added, if requirements rise rapidly due to boom conditions or the supply of natural rubber is curtailed in part or in whole by war or unsettled conditions on plantations.
The trade and business daily Carson quoted
Dean Mr economist and Director of the Burcau of Research of B.F. Goodrich and Company of Ohio as indicating his conviction that tho natural rubber output in 1900 would be no higher than Is today and conceivably could be lower if disturbed conditions continue to prevail Mr Carton recently returned from a visit 10 rubber growing plantations Malaya, Ceylon, Sumatra and indo-China,
Austria Receives Bank Loan
Washington, July 19. The World Hank 90- nounced today. Its first loan to Austria-$12,000,000 to help ta complete the Relascek Kreuzeok hydro- electric power project.
Dr Karl Gruber, the Austrian Ambassador, sald at a ceremony here:
"WC belleye that our resources in water power whon pro- perly developed, over the next decaden Can thak Austria the powerhouse of Western Europe."-Reuter.
HONGKONG STOCK
the rubber EXCHANGE
as in Ceylon, nothing is being done to replace old plants.
F
(From Our Correspondent)
Businds done on the Hong- In Malaya some new plant- kong Stock Exchange this morn-
Courtaulds Will Curtail Canada
Operations
Montreal, July 19.
Mr Drummond Giles, President and General Manager of Courtauds (Canada) Ltd,' has announced the Company is to curtail operations in the textile filament yarn section of the Corn- wall, Ontario rayon plant. In addition to the regular two-week plant holiday in July, the Allament yarn
unit will remain closed until Labour Day "unless a strong upswing in demand justifies a resumption of operations," he said.
Commenting on the cutback decision, Mr Gilea declared that the depressed conditiona throughout the Canadian textile Industry had reduced demand for textile flament yam "lo a point.
have 110 where alternative,” About 500 cm-
ต
Purn,
wo
of staple bre and tyro however, will continue
ing going ahead but outputing amounted to $471,844. Noun ployees are affected, Produc- will be no higher in 1960 than quotations and the morning's now since 11-12 years are re-transactions: Įquired after planting to reach
full production.
In some areas, according to Mr Carson, Communists have been atimulating strikes and disrupting production. In he said, rubber work 4 seven-hour day with portal to portul pay, About the "best" that can be calculated from the time the expected, Mr Carson was re-worker leaves his home in the ported to have said, is that the morning until he returns there rubber growing areas will make
night from the plantation. enough new planting to replace old and diseased plants.
Mr Caron, according to the Journal, sold that in some areas
FRENCH
FOREIGN EXCHANGE
Paris, July 10.
I
1960 CONSUMPTION Goodrich economista, accord- Ing to the Journal, estimate that by 1900 world consumption will total about 3 militon lons [of which 1.0 million will be
accounted
for by the United States
Or
3 million required tons 16 to 1.7 millions will be provided by natural rubber with bulance-13 to 1.4 million tons
by -provided
the synthetle rubber plants. Present capacity for synthelle +raput in the United States is 860,000 tons.-- United Press,
Changes World Rubber
The Ofer les (Foreign Exchange Control Office), has issued "new regula- tions aimed at facilitating the Transfer of certain frane holdings belonging to
fying persona either in the dollar area or in countries belonging
The to European Payments Union,
Transfers to any country of the dollar area will henceforth be handled through the credit of free trane accounts. Hitherto. only such transfers to the United States
Canada and
were
authorised,
Transfers between
foreign accounts in france belonging to persons living in any member
EPU country of the
are now freely muthorised and will not require the approval of the French Exchange Ofer even for accounts તા different on- Ilonalities.
Markets
Singapore, July 19. Pelers fluctuated narrowly close today. above Saturday's There were some acceptances by Australia. Future closings were: No. 1 rubber per lb
A. 2016-70% Sept. 201-70
Oet, unquoted No. 2 rubber per 3b. Aug. 001-60%
Nu. 3
No. 4
SHARES BUYERS SELLERS BALEB BANKS
IIX Bank 1000 1090 50 # 1000 10 2000 Cost Arla
103
200 W 1 INSURANCES
BOO Union Underwriters 108 DOCKS, ET X. Whart Provident
Wherlock
LAND, ET
UK Rel
MK Land
0036
"At the normally scheduled
rate."
Mr Clies nudied
that
"be-
NEW YORK STOCK
MARKET
New York, July 19, cause of the level of Imports With the exception of air- of synthetic fibre fabrics from craft manufacturing issues, the United States countries, we have at the pre day in moderately active stocke moved irregularly to
And other
rest time Д more critical
situation than has ever existed | dealings.
will
ventories of texille yarn on hand," In Cornwall.— China Mall Special.
Cains in the aircrafts ranged
During the shutdown period, to more than a point with a few Company customers
be pivotals showing much wider supplied from "substantial in- Improvement. Elsewhere. price
nament movements were narrow.
Marioct news continued on the dull side. Experts pötnies out that a few stocks wäre dua for cano profit-tuking because of the recent strength, Aircrafi manufacturing issues continuéd to meet demand on expectations of heavy Government buying. few stocks were
bolstered by favourable corporate develop
1234 $2.00
TUG 71%
in the past.**
W.10 1.10 CONDO
2.18
Humphreys RENTLY
500 591 no 100 4 501, 200 39% 18.00
3.03.10
9.10
UTILITIES
*FTH 2} .. 19.00 10.40 200
300
104: 19.70
1000
10.00
1970
Stór Forty
150
Vinati Ferry 150
149 200 w 149
C. Light (0) 19.90
10 1000
10.
750
10
2000
100
เป
500
800
10 1000
2000 12.90
Elec. 11
27,10
23 200 21.00
2014 25.70 1300
21.70
20.90
C. Light (N) 14.60
Macao Telephone
INDUSTRIALS
Cement STORES, ETC.
DR.....
Hong Sang Hong.. COTTONS
World Cotton
Markets
New York, July 19. Colton futures today edged upward irregularly in spasmodi- cally active dealings.
While the gains were moder-
ments,
Betes
Traitsnctions for the day jo talled 2,370,000 mares, märkida the tenth consecutive BESSION that
have
parsed The 2,000,000-shore mark.
Of the 1,200 issues traded to 1500 25.70 ate, they were encugh to nudge day, 504 lower, 410 moved most deliveries to new seasonal higher and 208 held at their highs.
previous close. Closing on a brisk rally the
Boeing Aircraft was the bell 6.90 list finished with net gains of wather in the aircrafts.
to 19 points. The market apurted 2 points to 85244 opened up 2 to off 2 points, Douglas alreraft Was also strong New Orleans closed up 14 to 21 with n galu of 3% points to i
$89 ກ.
31
135
330 7,40 2000 4 7.35
Texther MISCELLANEOUS
Yangtze KD Vibro
€ 6000 €
910
9.30
WORLD SUGAR points.
MARKETS
New York, July 19, World No. 1 sugar futures closed unchanged to 2 today - points higher with sales of 240 0711-0794
contracts. 891+-79
Domestic No. 6_sugar_futures 043-07!
closed unchanged to I point higher
with sales of 20 tracte.
pot rubber unbeled Blanket crepa No pale crepe AẠN ant-batt
NEW YORK MARKET
New York, July 19. Rubber futures today closed; 10 to 35 points lower with sales of 30 contracts,
A small trade between dealer interests passed on the terminal
Transfers between capital market.
Dealers reported o "smatter- necounts of persons living in ing factory interest in the spot dollar countries or in EPU coun. tries will no longer require the market quoting No. I sheets on Exchange spot at 23% cents, nominal authorisation of the Once, even
if those transiers Future closings were:
Sept. affect accounts of different na- Dec. tionalities. China Mall Special.
Rubber Profit
In order to cul Destruction simple as that. Experience has crossings a day, as the cruising- time, and to reduce capital cost, | shown that a lightweight tyre speed is so high. On this basis, the tunnel was designed to be seldom has the strength neces-three of these aircraft in one driven by jet engines instead of sary to withstand stones year would cary mor: passin- by the conventional electrically and rubble encountered during gers than the huge transtiantic driven fan. Power is provided ground handling.
lesa A on the injector
by obvious
mwhich principle
reiners problem,
on operating three Ghost engines, which by quires ал increase in tyre route.
Washington, July 19. the tunnel pressures for in excess of what
The 20 synthetic rubber plants States downstream of the working see one would expect, is that of The direct operating costs of operated by the United
ground resonance.
This is the
to Government cal. the the H.P. 97 have
cxpected been term given to unbalanced
show culated as being in the region
a profit of about $50 actions which are set
усыг, compared million this with about $43 million last year and some $80 million in 1932.
exhausting into
tion induce through it the re- quired flow of air to obtain
speeds of up to a Mach num ber of 1.0 over the model. the rotors when the engine is of one penny per passenger Consequently the direct
run up on
the
up
цу
ground. And mile.
In addition to the testing of so a still stronger and heavier cost of transporting one persUI new designs it is the aim to tyre is needed. than would be from London to New do research on general nero- necessary to den) only with dynomic problems,
take-off and landing problems.
Preliminary design of the
new funnel started
in
mund
York is not much
then £14. After allowing for overhead coste such on administration and tick:t-sales, it is clear that such rate would Compre www form of favourably with
any surface kansport.
ย
June, 1952, and construction work on the site began in August, 1853. The maln contractors ware
In studying the
of design Messra G. A. Harvey and Co.
helicopter brakes it has been Ltd of Greenwich, who con-
CO found"
that the structed
again tho ducting: Mesara
*** maximum loads on the brakes Foster, Yaifs and Thom Ltd of are imposed during ground Meiting of the International Air Blockburn, who made the
handling, and not during take- Transport Association will be held in Paris from September 13-17, 1954. This is the week
onco
2160 off and landings.
required
The 10
Annual General
arc
MAT
MAY
July
Sept.
LONDON
con-
It
Continued hot And dry Oils were wiak, Amoruča : weather over big sections at the Petroleum. slumped 8% points producing area, with Texas re-to $170. porting temperatures over 100 The New York. Block Ex
bond degrees as the Lone Star State change
volume: Was started its third week of drought $3,645,000.
check on conditions, kept
The American Stock Exchango, seiere.
Volume was 550,000 anares,
Dow Jones closing -- hvézájeḥ -
A
15 utilities 03 stocks
Comm, futuro pries intox
Conversely,
millis, export:re and other trade interests caus | were: tlously followed the rise while 30 Intrain waiting expected Senate action 39 rolls Short covering in the world this week on the farm blii.
Most of the buying came in 40 bonde contract was supplied through | frequent intervals and was ac- trade hedging and liquidation. credited mostly to the local pro- Domestic futures held steady In
fessional talent, along with ■ quiet ond uneventful market. New Orleans demand. Demand for world contrnets
alded by
reports that the Cuban Sugar Institute, at 0 later meeting today, would con- Menth sider ways
Was
Küfsted Pres
Trading volumes and open i New York Foreign
In the Exchange" -today
Volume Open interest
B1,000 1,083 500 bades
-United Prem.
Exchange
New York, July 19,
81.92-21/32 England-unggietal ...... 2.75-YE
30-day futures, .01.
0260-2/16
Belgium
Others were unchanged Canadian dollar quotations: Spot: Clos 43.03@ 9/2210*1.02-13/18
High 1.02-21/335–149-11/16n Low:
1.02-16/326--1,02-17/328
Futures:
tcrests were:
24.15b
24.51
and means versing the declining trend of world prices.
of July
10.400
Oct.
800
280,300
Dec.
137700
400 200
Mor
6,200
37400
Conada
24,70
Future closings:
May
18,700 230 800
24.05
Contract No. 4 (world)
July
10.000
3.11-13
Oct.
$4,100!
24.02
Sept.
24.035
Ocl.
3.134
Dec
30.000
Jan.
3.200
Total
3.10b
Mar.
May
2.17-10
Spot-teents per lb, fob
Cubar
NEW YORK PRICES
3.13
Contract No. 0
5.7:
Sept.
B.70b
Nov,
2013-2016
5,8in
closed as follows:
MAT.
8.637
May
Spot
1,627
Aug.
July
Oct.
1,67
Sept.
Sept.
Da,
Ock./Dec.
Jan./Mat
Apr/Juno
-2014
-203
5.0511
Νον,
Mar
Spoi-fcente per ib. cif NY
ex-duty)
May
A.70
July
General markets, ett ban(1,
Jaly AUK. Sept.
United Press.
Odf.
Dec.
"MARKET London, July 19, The rubber market was quiet but steady with No. 1 Rss spot quoted at 20 pence per lb. Prices:
No. 1 as apot m Settlement house term:
Profits were calculated after deducting "everything a normat business operations charges" ex-Istate crepe, thick cept federal income taxes,
The plants are to be sold to private enterprise by the end of June 1055-Reuter.
LONDON METAL
PRICES
working section and its
London, July 19.. clated geor; and Cementation
The Aln market was easier (Muffelite) Lid of London, who
while the rest of the markets The holding power designed and made the exhaust of the brakes has proved to be immediately following the So were steady. Prices closed today silencing. Full acknowledgment far higher than was expected, ciety of British Airent Con-in sterling per long ton as ful- must
be made of the
and for aircraft carrier opera-structo:s' Display of Tornborough lows:- operation given by these
tion others, enabling the work to be evolved. This allows two completed in so short a time,
the wheels only to be used as brakes during taxi-ing, while all four wheels can be heavily braked for parking on, the carrier's dock.
Design
CO-
and
a new brake system was (September 0-12), ·
of
Baroudeur-02
The Baroudeur-02 has become the third Trench plane to break Aerodynamic design was the It has been stated that in work of Messrs. W. Treves future it may be galble for through the sound barrier, it was tyan and J. A. Kirk, who to a squadron of jet transport announced in Paris today, says gether will be responsible for aircraft to move a
Tv France-Presse. The Baroudeur. military Operation of the two force to a threatened, aren In a single souter jet fighter piloted tunnais. Procurement and pro- far less time than would bo
of the tunnels and taken by seu transport by Pierre Masand, power the equipment stere, the work elvon an indication of the speed of sound during a test development originalet potentiallife of the civil for fight on day 17.
the
arding
(of Mrị T.,
H. Robinson was responsib
Miriiness of tomorrow,
för structural and installation In this fald Great Britain are the cont design. Instrumentation and has three promising designs, the which havez 2000 Linie, high-speed: tunnel's strain | Avro Vulcan, the Handley/Page/foot,
BHALI
Tapot
3-month's Copper pot
788
Buyers Sellers
787
E-month Loài July
Zine July Ocl.
22 7
2
2011-20474 quosed Listr
2014 AMSTERDAM MARKET
Amsterdam, July 18.
The rubber market was quiet. Prices closed today in guilders per kilogram, CIF, Aug," as fol- lows:
No. 1 rubber No. rubber No. 3 Tubbor No. 1 crepe
Belgian France
Brussels, July 19.
recent agres- Following the ment on liberalisation of capital inside the Benolux transfer
l'Instituto Union Economic 2.00 Belgo-Luxemourgeois du Change 150 buyers 1.98 buyers Introduced measures facilitating 245 buyers transfers United Press.
Eisenhower
Undecided
of Belgian francs
among residents countries.
EPU
of all
EPU residents may now open
accounts in Belgium And
New York, July 19.
90-day 1,00-17/82)—1,07-10/224. ne-month 101– 77325——1.03– 3/3A%
Prices of cotton futures today | market tone: feady.
Casualty Press.
LONDON FOREIGN
35,80n
74.81
34.65
34.70-01
14.03
New York
34.03
33.73
Amsterdam
34,00
Hamburg
Parts
NEW ORLEANS PRICES
New Orleatis, July 18. Prices of cotton futures today closed as follows:
Spot
Cat.
Deo,
MAT.
May
July
Oct
Pa
34.35 34
34.55
421-80
23.371)
3130 53.31
-United Press.
LIVERPOOL MARKET
Liverpool, July 19,
Closing prices, American mid-
feed these accounts by the prudling cotton, i pence per lb., reads of sales of Belgian or were as follows:
Montre
Copenhagen
Zurich
EXOHANGE
London, July 19,
IRINà=12.20
| Others Ware Unchanged,—United Press,
"LONDON SILVER PRICES London, July 19. The price of silver today was fixed at 124 pctice por once for spot and 72-pence for forward (against 71% and 78% proviously)—–—– Uhlled Prosa.-..
CHICAGO GRAIN
PRICES
Chicago, July 19,
Prices part Vinal insandia:
PTA = {Closing Prices
Wheat, No., E, IN SE
Oct/Nov.
31.85
Dec/Jan.
32.84
Mar/Apr.
31.81
May/June
31.03 Spol
July/Aug.
31.00
bo
Official price for apot cottons in- cluded:
American middling 18/10th Inch 30.03
Into
American middling 1/8th inch 30.15 M
Pro
འ
of
στ
In : cruzeiro
follows!
Get
May
July
foreign securition, dividenda, sales of banknotes and imports from abroad of Belgina. Bank- notes. Washington, July 10.
accounts wilt The "L" told. Elsenhower President
#11 IPU Congress today He will delay transferable among berood July 17 his decision on countries pris convertible Whether to raise import duties EPU currencies. They may
used in Belgium for all opera Icid and fine. of
tlone except the purchaNO Stremind Prosnahe Tariff Commission re dollars as the official rate
tari!! increase the purchase
of goods for cx~ NEW YORK METAL FUTURES commended
on the two metals last May 28 port China Mall Spoolal. in New York, July 19, to help the alling, mining.
The President we closed in cents, per ib, as fol=
supposed to
Lead July
fowa
Z
Prices of maial futures today dustry to port his approval Exchange Rates er deapproval to Congre done in the lect
Busisemin the
Chair- | undles "Toder ho wrote many of the. Berisso Finance and, pombe of the
! in
Oshare wdrs unchanged United Cup, as your
SAO PAULO PRICES
alem São Pauk, July 19.
Contoh tuturor closing prices,
per kilo were as
uiquated thi (In the United States," the Wes
average price of 18/16 middling Nav cotton 4010 designated but |markets was Unavailable today. Sales at thero centras totalled (11,770) bales); United Press/
No comments yet.
Private notes are available after approval.