1954-08-04 — Page 9

Our Weekly Aviation News

This picture shows the DH 110 day and night jet fighter in fight-Express Photo.

All-Weather Fighters For R.A.F.

And

Fleet Air Arm

The Flert Air Arm and the Royal Air Force have selfied for different all-weather fighters. The Navy decided on the fit 170, the prototype of whielt "blew up" with Julin Derry the controls at Farnborough two years aco Glocester's Javelin was neievied by The AF.

Bomber Command have been giving the Canberra most exhaustive light tests and in 2 days one plaue has covered 136,000 miles. The Napier Etand harboprop engine, although nut revolutionary fx design, has some remarkable features which will The first Trans-Australla Airlines Viscount has been christened and is almost service.

in

shortest pessible time,

The Canberra New 300 hours

THE CHINA MAIL, WEDNESDAY, AUGUST 4, 1954, *

TRADE

and

State Department

Favours Aid

To Indo-China

By Sydney S. Gampell

London, Aug. 3.

Washington is saying that buttressing S.E. Asia will mean a new drain of foreign aid. The truce brings some 'savings on arms aid to French and Vietnam forces but plans are being made to spend them.

The State Department favours American help to build "SEATO" new economic aid to (among other places) Laos and Cambodia; and spending money to make southern Vietnam as prosperous as possible, so as to give it the best chance to win if and when any fair elections to unite Vietnam are ever held.

Thanks initially to dollar aid, Western Germany is a vastly better advertisement than Eastern Germany for their respective economic systems. The disparity has had an effect on attitudes to Communism, and Washington is evidently disposed to try it again.

So long:

gas Laos, Cambodia and ¦ China, the Americans may well southern Vietnam remain in the And it in their own strategic French franc monetary aten, Interest to provide as much ald most of the dollars would as the French

economy needs. presumably Continue to ED to It will dwindle, but so may the France who would have to go need. France's Commimist party on paying out local currency is not so small as to disquality against them. To a lesser ex-her for dollar sid. She is at tent, so long as Burma remains any rate in less dunger than Italy

ப

in the sterling area, any dollar of its becoming too big.

ERCE

French Synthetic Rubber Plants

ABE. 1.

Talks on construction of a plant for the production of synthetic Instyl rubber in France have brorrersed fatinfacorfly, according to trade circles here. Nogutias tions between tyre ducers all and chemical companies and

atives of the over have now entered . Final -stage, it is reported, al- though several more meet- Inge will be necesary to Arrange project.

Ahance

tor the

Production of synthetic rubber in France, it is polated out, would cut out the country's sterling ex- penses and also provide an outict for part of alcohol surplus.

her

Im- Last year, France ported more than 110,000 Lons of natural rubber. most at it from the sterl.

At the ing area,

same time, some 10,000 tons of Imported #ynthetic were uson.

The project for the pro- sluction of synthetic rub- ber in France was brought forward in 1961- Reuter.

HONGKONG STOCK EXCHANGE

ald to Burma would tend to One can only repeat that, help Britain's reserves.

the In during

centuries when principle, there is no benefit in Britain was in this business of France's or Britain's budget, but paying subventions to her Con- there is considerable benefit 19 finental allles, she did it for for their foreign exchangs situation. her own sake and not for the In sum, because of the silun-sake of the Continent's balance

of payment. in both France and Indo-eligible for American aid. Insofar the morning's transactions:

interest designors.

ready

for

tion

the play in September. An Interest- ing application of the Ewond In the engine will be its use

Furey Rotodyne helicop- in 25 days-equal to 12 hoursier. This should be flying in

day.

The first. faster-than-, operational conditions, sound squadron is being prepared by the Fleet. Air Arm with the de Havilland DH 110 two- all-weather seater fighter. Work was held up on this plane when test-pilot John Derry

and his observers were killed. It is powered by two Rolls-Royce Avon jet engines.

The RAF is thre get first all-weather fighter within the next few days,

It is the supersonie

winged Javelin,

powered

Delia- DY Sup-

phire jet engines.

two Armstrong Siddeley

more

The rat Javelin prototype Bew in November 1951. Three prototypes have flown since.

Two have been destroy- ed in crushes. Now comes the VICWE that the first production. plane has come off the line.

It will need a few test flights for checkst and adjustments. When the Javelin Is pul off test, it will be taken uver by the RAF. This should be in

day or two.

From now in Javelins should

be produced at regular intervals

at an increasing rate.

And thero will be no doubt that the RAF will welcome replacement for its Meteors and Venorms.

Cat's-Eye

be-

Canberra No. WH, 790, longing to No. 542 Squadron, commanded by Squadron Lead- er A. J. Picknell. DFC, Was selected for the trials.

Four crews were chosen and shifts. The they worked in four pilot-Squadron Loader Picknett and Flight Lieutenants 23. Corruthers, A. J. A. Heyns

and T. W. Onkey, AFC,

They flew the rcroplane, the latest "P.R." version of the Cancerra jet bomber, round and round Britain bounded by the airfields at Kinloss on the Moray Firth, St, Eval. Сопта wall, and Mansion. Kent,

The serplane flew at over 40,000 feet and was in the air seven days a week. The flying grews and the mechanics gave up holidays so that the 1031 could be kept going. One day the Canterra was in the air for more than 18 hours,

Air race winner

new

wheut

two years time, and is designed to carry 40 passengers at speeds higher that is possible with p conventional hellepler. The high speed of the Rotodime is derived from the use traction airscrews for cruizing.

ולת

of

DA

Every year in Australia there is a great increase in passenger traffic which starts about Christ. mas time, and Trans-Australia Airlines hope to have a now fleet in service in time to meet the rush, Six Viscounts, the first of which was christened at Hurn last week,

will replacing

engined piston. Convair

airliners. latter are now five or six years

The Viscounts wil old.

will be the at turboprop airliners to fo into service anywhere in the work

and their performance in Australia will therefore be watched with great interest, particularly ገና another Australian company. Butler Air Transport, hus 0 ordered two,

Outside Europe,

Ը

The last of the six airliners to be delivered to TAA be the first Viscount equipped with auxiliary long-range futi These will increase the -in tonks

tank capacity from 1,720 to P.R.31950 gallons.

craft will also be Alted with

mark of Dart

The new P.R.) CanberYO developed from the which won last year's London 10 New Zealand air race.

When the Canberra's gines were

taken out,

en-

they Rive

B new

The same

gir-

World Cotton

Markets

Colton futures

New York, Aug. 3.

trading con- Unued slow and indecisive to

France

remains

(From Our Correspondent)

Business done on the Hong kong Stock Exchange this morning amounted to $1,170,- 730.40. Noon

and quotations

1835

as she now has a better chance SHARES BUYERS BELLERS SALES of malting lt more productive of BANKS

HC Bank XD 1655 1670 140 French and European economie

East Ank

10U revival, she is essentially more INSURANCES

Union Lombard Underwriters

cimic than before.

SHIPPING

0

675

01

755

1200

Waterbost

1000

DOCKS, ETC.

Dock

68

18.70 Provident (0) 12.00 12.90

K. Whart

Americans no longer lok at it in thai Marshall Aid way but it still carries some weigh! with them. Promoting the pros- perity of the free world is st а vital part of their anti- Communist polley. Putting it...Wheelock At the lowest, they dislike LAND. ETC.

HH Hotel.. down a rat-bele Douring money of miflation. France is no longer such a place. If M. Mendes- New York

rucceeds cotion

in his drive futures France

-restrictive closed two to six points lower against the

practices France's bane, he New Orleans closed unchanged which are

wal to live points lower.

be creating the type

Bocicly that economie

the Prices declined late in the Americans favour In principle, | day after reaching gains of as however far, the practice viny much as 30 cents a bale. Most sometimes diverge trom the

Guy.

of the mouths finished on their | prificiple.—Reuter. lows for the day.

The weekly weather report was regarded as slightly

unfavourable. but sources belleve it will have

effect ол the govern ment's crop estimate which only covers a few days of August.

Trading volumes and open Interests in the Exchange today

NEW YORK PRICES

World Rubber

Markets

2.60

SECTION

High Coffee Prices Upset

The Canadians

Ottawa, Aug. 3. High coffee prices have caused ordinary, Canadians to investigate the rival merits of tea.

They have also prompted trade officials to examine tea consumption in Canada, An authoritative study by Miss Mary Hill, editor of "Foreign Trade," the organ of the Department of Trade and Commerce, cites figures which reveal many little-known facts-such as that Canadians, per person, drink five times as much tea as dổ their neighbours, the Americans.

While Canadiana, with All average annual consumption of 34 lbs., are far behind Britons, who use 841⁄2 lbs., they are far, ahead of Americans who enly .05 . pe. herd.

In

1063, Contuia imported! 54,400,000 lbs. of tea from fit- icen countries, Including one! or two which are re-exporters such as Britain. at a cost roughly 20,000,000

(about £7,000,000).

were

of

21,200,000 ibs. valued al

dollars

Ifer chief

suppliers

India with

5,600,000

dollars

and Ceylon

the

(about

Win even

£3,000,000)

NEW YORK

STOCK MARKET

an

New York, Aug. 3. Late sharp strength in the rails, rounding out early advance led by nir- craft issues pushed stocka quarter-century

17,800,000 lbs. with higher value of 8,420,000 dollars (over €2,807,000) Other sources included. 4,300,000 lbs, at 10

{

וויונן

cost of 2,170,000 dollars highs in active trading to- 1,300,000 lbs. at a cost of 840,000 i

about £730,000) from Britalo; day.

dollars (about £200,000) from British East Alrica; and the Netherlands, Indonesin nel Japan.

The ralls, laggerds in recent sessions, spurted sharply and closed with some of the bent gains, amounting to more than $1.50 on the average and lifting to a new high level since Oct. 4. 1030,

PRINCIPAL CHANGE

The principal change in ten- drinking habits which has oc-

Industrinis, despite declines in curred in Canada during this

a few leaders such as Bethlehem 7.50 century has been the conversion and National Stoel, General 2020 from green tea to black, though Motors, American Can and the 302,000 lbs. of the former are Texan Company, were up a few AU imported each year from Japan

cents on average and at their for use in French-best

since Oct. 14, *1929. 749 speaking Quebec, where the Ulitics touched a new peak

taste for green tea conlinues.

since July 8, 1931, bolstered by The greatest change

gains of more than a point each in Consolidated Natural Gas Porhandle Easton Pipe

20

2000 6000 6 1000 r 0.35 2000 8.30 5000 * 8.00 01 2000 01

19.30 39 40 3300 or 1030

2.10 2.15

HK Land

S'hat Land

Humphreys

Realty

UTILITIES

Tram XD.. 19:20

20 0000 @ 14.30 1500 1800 100 20

Peak Tram (Old)

300 $5

GE 240

13.30 2400 G 34

Star Ferry

Yaumati Ferry 146 147

C. LIM (0) 18.20 10.30 C. Light (N) 13.20 14.30, Electric

Macho Bec

Telephone

INDUSTRIALS

Coment

STORES, ETC.

Dairy

Watson

during

the prerent drcade has been the increase in the use of tea bag

made of Aller paper. With the

saved

and

Line.

Volume,

swelled by

in Issues

such

heavy

tea ready packed in title begs which can be dropped straight activity into the teapot, the consumer Curtiss-Wright, is

Fairchlid En- trouble.. of gine, the

General mensuring out

Dynamics, spoonfuls and, Southern Pacific, Boeing, totalled particularly, is saved the

7,970,000 shares, ́ ́120,000 Digres trouble of disposing of the ten-ahead of yesterday and heaviest leaves.

since July 15. Today, about 37 per cent of j

Demand for tea sold in Canada is packed in touched eft the advance in indus-

the big cities,

the opening, such Toronta, the proportion trials right from

cent.--China Mall with favourable dividend end Σανταλ carnings news helping issues in the group.

United

tea bags. In 27.90 28.10 2000 18 27.30

100 30

is 80 per 23.-25.30 1000 at 253

600 2330 Special,

20.10 20.3

1020.30

2200 2020

L. Crawford 23770

COTTONE Singapore, Aug. 3.

The markel was very quiet with no particular teridency. Trade

factory and

interests showed little interest and busi-

ness mainly confined in adjust- Future closings Ing positions. were:

were:

Moth

Ort.

Volume Quen interest

22,000

290.700

Dec.

20,00

410,100

Mar

7.500

415,000

wilt

4,000

260900

July

4300

137.500

Oct.

2,200

$2,000

Dec.

100

18,200

Total

62,100

1,830,200

No. 1 rubber per lb.

Aug.

6874-6036

Sept.

081-03

Spot

23.20

New York, Aug. 3.

No. 2 rubber per lb. Aug. Prices of cotton futures today.. 3 rubber per 1b. Aug. closed as follows:

No. 4 rubber per ib. Aug. Spot rubber unbaled Dandret crepe

Oct.

09-09

0812-681

Oct

2421

13-44 0013-0419

Dec.

31.43.44

Mar, (1955)

Máy

34,30-03 34.07-08

Juli

i Dec.

engine, the 506, which will

the aircraft 18 m.p.h. more cruising speed, combined consumption,

were found to be in such good with lower fuci

condition

that it was decided and o consequent reduction in

to extend the Lasts another operating costs.

100 hours. During

the whole

no replacements were

ព

zrial

required,

With its cat's eyes, rader" and four Anzge-bore

cannon,

afterwards

The EWS soid that they experienced a sensa- tion of loneliness in the nir.

They seldom saw another air craft and mostly was obscured.

the

34 delivered

have

Thirty-Four Viscounts now been delivered out of a total of 101 ordered. It is expected ground that contracts

will be signed before long for the construction

a further twenty

aircraft

British turboprop engine, the at least,

Technical detalle of a new of Napler Eland have just bect released. It has, a remarkably

tho Javelin will be the plan to implement Fighter Com mand' ideal to "intercept Rod destroy the endby hundreds low weight compared with the airline, and Was originally of miles out to sca

but-financed

power which 11, develops, its most surprising feature 13. funds.

NEW ORLEANS PRICES

New Orleans, Aug. 3. Prices of cotton futures" today closed as follows:

34.80%

No. 1 palo crepe

NEW YORK MARKET

EWO

Texille Corp. 7.05 7.20 MISCELLANEOUS

Yangtzo

MAILIN

4.03 2000 04.05 B000

8.00

CHICAGO GRAIN points on

MARKET

·

the

aircrafts

Alreraft TOSC. 316 a dividend Increase Boeing gained 4 on ʼn special dividend and sharply higher curnings.

WORLD SUGAR higher end developed in grains rose

MARKET

a

Chicago, Aug. 3.

Anaconda, Kennec Copper, Except in the soybean pit, a National Load, Aluminium Lit on the Board of Trade today 2 points in the instals.

point to more than Sicels with buying attracted by recent

were mixed. price declines.

General Dynamică, a continuadi - favourite, ran up another 3 points.

Tradors accredited the New York, Aug. 3.

im 6734-07 World No. 4 sugar futures provement in wheat futures to 662-61closed today 2 points higher, to buying by commercial interests and export dealers. An estimated |3 points lower.,

Out of a total of 1,234 Issues Domestic No. 6 sugar futures 700,000 bushels US wheat re- traded, 524

closed higher, 433 closed unchanged to 2 points mained to be purchased by lower. lower.

Western Germany against the

The New York Stock Ex- Puerto Rico was again offer-current order for a total of

bushels, exporters change bond volume W** ing sugar following the settle- 4,800,000

$4,240,000, ment of a dock strike there and said. buyers were not anxious to Jengthen their position in paws.

Future closings were:

Contract No. E (world) Sept.

3013 3.11m

1.200

New York Aug. 3. Rubber futures today cloted six points lower to five points higher with sales of 47 con- tracts.

was

The market

very quiet with very Hitle factory interest reported. Eastern offerings wire high.

Oct.

Spot

54.15

Jan. (1933)

OM.

Dec.

34.19-20 34.40-41

Mar.

Мау

3.16

Max

May

34.09

The spot No. quated slightly lower

1

Ras were at 33%

July

Spot-cents per in, fob

-July

Oct.

Dec.

23.03b 33.826

cents a pound, nominal. Future closings:

Cubp

3,18

5.15

Open Interest: 3378 contracts.

Contract No. @

Sept.

5.00

LIVERPOOL MARKET

Bepi.

23.70

Nov.

5.136

has

Dec.

20.10

Mor. (1955)

9Mb

Liverpool, Aug. 3. Closing

American prices midling cotton, 18/16 inch, in pence per lb., were as follows:

Mar,

24.20

May

5.800

May

24.245

July

July

24,30

.sept.

4.5561

Bebt.

Nov.

0.50

Spot-cents per b. clf

NY ax-duty)

5.03

Det/Nov.

MAT/Apr.

May/June

TAA ts Australia's national

from Commonwealth Since

1940 it The Swide, mod particularly the poppression, ratio of newer carried more than four million the nuim Hinters are not likely to one, inis is schloved any ten passengers (equivalent to half to have the sage to do this, stogo, the axial compressor the population of Australia) Not without external drop giving the highest performance without a single fatal accident; Lanks; which Vurunfly -vestrict | "per stage of any gad-turbing the aeroplano.

The

using

Dec/Jan.

31.95

24.300

LONDON MARKET -

Open: interest: 2.805° contracts. United Pics.

1 Rs qubted London" Foreign

London, Aug. 3. The rubber market was very quiet with No. 31.20 July/Aug Omcial prices for spot cottons at 20-9/10 pence per lb. Pricze: included: American midding

TAA calculates that, engine announced so far. The rechetton, gear, is capable of the now alreraft, It will he withstanding considerable over- Į possible to improve on the pay- with its Javelin encomiats thick win's" should loads, but at the same time has load carried by the present

| piston-engined, la low. noiro level,

nirliners by not wiffer from this problem,

28% on the Melbourne Sydney And its mimicbra'":"have said it

Toulo

There will be timo

18/10th Ineti has a long aD T

saving too, Im the

region

Mexican middlinát)-3=1/22/inen 10%, but operating coe will piners were asian geda be about the line, No that company's economic position will be substamall Improved, due to the increased Bayload

Note: American sources put

the cost of, the Javelin £130,000 to £180,000,

Al

tody weight

The Fland-diapanot, dry welsht at 1,575 lb, and dove

of intensive test 30% 2,000 chp/ints; total, thatthi Min 25 days usemicarbcontiāls. / dte is only 7.1 kq. ft. and the

nying since Canberra of RAF Bomber is commumption is low, making Command few 180,000 miles, civil and may alraraft. It the engine gulable for boili qual to six nd a half link can be and satisfactorily with round the world op more than either esta half-way to the moon.

or wide-cut'

The object Minist

با ما

SAO PAULO, PRICES

Prices of cotton future closed in erukoitos follow

“Halasa legna

Exchange

בליני

American Stock

was

Ex- 630,000

Denters continued to unload their soybean contracts, prompt- |change volume ed by reports that danger to i shares. the crops was alleviated further by additional rainful last night.

Wheat closed up to 19 cents; soyboans off 5% to 7% cents.

DOW JONES AVERAGES

New York, Aug. 3. Dow Jones elcsing nvert gea ou Wall Street fodiny, werd as, wheat was follows:-

At Winnipeg, priced at 182% cents. a bushel for No. 3 Northern, and for No. Northern, it was at 168% cents.

CHICAGO MARKET,

Chicago, Aug. 2 Prices per bushel in cents:

Wheat. No. 2, red Społ Lept, 20714(11) 20912.

No. 1; yellow

Cloring Prices

30 industrials

20 rails ite

15 utiliza

BS stocks

40, bonds

Comm. future prive index

United

New York Foreign

Exchange

Now, York; "Aug. 370A

England-official pays

funɑmels).

30-day. Futtires 177 3,015 20lay 'futures

close

high.

will fly" with thi