1954-08-13 — Page 9

Ark Royal Leaves For Trials

THE CHINA MAIL, FRIDAY, AUGUST 13, 1954.

Page

11M.8. Ark Royal, Britain's newest and most expensive aircraft carrier, loaves' Liver- pool Bay under her own steam, and without tags, for the first time. The Ark Royal has.cost about £25,000,000 to build over the past 11 years, Added expense and delay in building has been caused in modifying the design to bring the carrier up to date with the latest develop- -

'ments Int jet planes and atomic development.--Express Photo.

Ark Royal May Be Last Of The Great Flat-Tops

London, Aug. 12.

The last word in large aircraft carriers, HMS Ark Royal, now undergoing a long series of exacting trials on the Firth of Clyde before joining the British Home Fleet towards the end of the year is likely to be the last of the great "flat- tops" of the Royal Navy.

For British naval architects are lines in this age of the atom bomb.

to

She is

withstand

specially streamlined

inst, provides protection against both blast

and radiation for almost every

which

now working on new

#

fountains, a barber's shop bright chromium fittings with mirroTS, and pastelshade plastic walls, a large

clhema library and showing up-to-date fims, and it that the most has been made of the necessarily restrict ed space for the men of this floating community and airfield.

These are some

of the main new Ark Royal, aspects of the which perpetuates a name first given to a British man-o'-war in 1587, when a high poopes, squaro rigged vessel of some 1,500 tons was bull at Deptford, on the Thames, for Sir Walter Raleigh.

The general line of thought is That Is Just one half of the

of a

major problem suggested by the anti-submarine solution frigate Rocket, one of the first

architects naval

Are ships completely reconstructed | tackling. Aircraft can now be on a destroyer hull to meet the launched without benest of o

seems huge flight deck. But they stil atom menace.

need this wide expanse with ito arrestor wires, barriers and other devices for landing on again.

Another feature of both the member of the stup's company big aircraft carriers is the verit

of watertight bridgeable honeycomb

makes which which might be better described compartments

movement between decks like a "control turret with a

periscope

high coom- the steeplechase giving special

(the sills commanding officer a wide viewing

to watertight doors). as he lights his ship from a

Honeycombing makes the great ships as unsinkable as protected position.

possible, ok the British Navy found when it came to finishing off the Nazi battleship Bismarck In World War II.

at action slations. has # docked-in,

as

n

armoured

Those are major points which

over

At the time of the launching

of the Ark Royal in May 1950, the Admiralty also emphasised that she was the largest welding job over carried out in Britain.

HONGKONG STOCK EXCHANGE

2009

The Outlook

For Utilities

1

By A Special Correspondent

It might seem presumptuous to say that the outlook for Utilities on the Hongkong share market is not very encouraging if my opinion was based purely on their performance in the last week.

Prices have stopped rising certainly, but last week's condition may be only temporary. However it is hard to see how present, levels can be main- tained.

?

Only about four more ih- to do well and sold at $12.00 terim dividends are due to yesterday.

RICE FOR JAPAN Remarkable Stability

Mátra Aur. 13.

Spath, will export 48,049 tus of also to Japans thla

YEAY,

it was announced

The initial shipment 10,000

shoep 40+ti wad illoaded

Pihasianlan freighter Voti at Valencia ~ and is due to sail shortly.

Bain 1854), «KÉOPA OTOT- wän mutimated) 400.000 tons of which 100,000 is slated for export United

NEW YORK STOCK MARKET

+"

of

In Consumer Prices

Geneva, Aug. 19

The world is enjoying an era of "remarkable stability in consumer prices, the International Labour Review, which studies price indices in 87 countries, said today.

It said that 'About two thirds of the 87 countries had con sumer price, changes of not Thoms than four per cent during 1953 and 1954 had hast price changes of only two per cent period of 17

A

07 less for menths or lenger.

Only 18 of the reporting countries

had price increases of more than 10 - per cent fast year, It said.

The report said there was no that some

political

or ccatomle development might nat abruptly end is stability but said it had already

"con taued for two full years and neticlte mast of the world's Population."

be announced and, with the Hotels have been netive this

Mitrance New York, Aug. 12. exception of Yaumatis,weel but somewhat erratic. The Stecka moved irregularly to- where there are still linger- rumours about negotiations for day, with a few receded off on

the sale ing hopes of a now issue, no plot are stil roging fiercely. I sharply and the main bod.

of the Pedder Street proft-taking; a few specials up Burprises are expected. heard three or four different stocks narrowly mixed.

reports this week-you can take From the financial standpoint your pick! One was that the the Ilste:

Companies are syndicate which offered $10 generally in а very healthy miliian have raised their bid by position. Again the shares

million. Another is that there

דח

ʼn very sound investment Offer- inga yleld of seven per cent but both these factors do not necesarily guarantee share de-

maud.

The money the moment

NOT INCLUDED Activity was heaviest in the first hour when prices were at People's China and the coun- their best, even forcing report tries of Eastern Europe, whlee lekers to run inte for a few do not publish price statistics are two syndicates after the pipt minutes right after the opening.sguilarty were not included in and the third was that Hong-Trading Ughtened, steadily as the surfy. kang Hotels did not regard the prices receded, however. $19 million bid as sufficient arte and

were more were more

World Cotton Markets

New York, Aug. 12. Cotton futures held steady in quiet dealings today with the exception of new crop months.. Nearby deliveries were one of two points either side of the

while previous closo

far-off October and December were up as much as 14 points.

Bomo

early covering offset by predictions of showers In West Texas today and

marrow.

was

to-

Reports are that the cotton crop is holding up well despito the need of moisture in many sections.

The report wald: "The that upward movement of prices that followed the outbreak of the Korean war had largely The Commodity Credit Cor- spi Itself In most countries Poration reported withdrawals of 14,145 bales of 1053 cotton by the summer of 1952.

drops Ini row from Government loan in the materinis prices hact Occurred week ended Aug. 6, bringing tama month carlier despite the total of 1,854,010 and armaments | leaving a net slock tinder loan the emphasis on

goods from the 1953 crop of 5,177,023 Production of consumer was hiercasing"

bules. "String

Roographic

Trading volumes and open tran? were apparent from this

notablo Interests in the Exchange today study, I said. "It i that 13 of the 15 countries wild were:

Douging off nearly 2 points, likely to consider position at something in the nature ct $12 Lockheed, Grumman and United,

or $13

mallion. Any or all could down more than a point each is fairly easy butor money entering the Colony from be the later report does were hardest. Sperry, an air- Indo-China particularly has not seem reasonable if for no other craft supplier which has been bren invested to any degree in considered worth

reason than that the plot was strong, yielded 4 points in Utuitics.

$10 realising. abous There is the old

million about two years ago and "Once saying:

bitten,

Losses of a point or so in twice and values have, appreciated Allled These shy."

Chemical, investors · have

Bethelchem had one lucky escape in

quite considerably since then. Viet-

Steel, General Motors, Inter- playing nam and now theycro

In The Industrials, Cements national Harvester, John-Man- safe.

great deal of the have eased A capital is going into Banks and are holding up

back slightly ourville, United Aircraft weighted

on the industrial average. Unions which are more inter- After shopping lightly carller Out of 1,235 issues traded, 450 pries increases in excess of 10

national than Real BrucÍ.

well at $24.90.

'In the"week" "they" came back There is another factor gain yesterday.

Dalry Farms miliating against Utilities at are also a little lower on the the moment their fairly high week. prices. Logically, pront-taking In the Whebek group, there might be expected after the was renewed demand for Allied declaration of dividends and the and they touched $4.20 yester- subsidence bf the various rumours which have caused the day but there is no news yet as to whether Hongkong Gas has

the £300,000 accepted

offer improved But brokers have been con Wheelocks have. vinced for some time now that during the week but are steady with the signing of the Indo-on last Thursday's price. China cease-fre and the casing

odd "flutter," here and there.

of tension in the Far East Turnovers havé boen slightly be turning tower this week and there has thoughts will again

overall decline to the possibility of casing the been embargo on trade with Com-activity. munist Ching.

10

Any

that

$3

It could not be said that this has yet influenced share buying degree.

Brokers the foot however possibilities of increasing trade Ching grow, so the signs of a new trend in share buying will become more evident in which the wharves group, ship- ping and Land shares should

11 would be wrong to rals

ад

TODAY'S SHARE PRICES

in

(From Our Correspondent)

any false hopes that the lifting of the embargo is in sight set. As a political measure it will depend largely on Communis China's odmission into the 70. Noon United Nations.

Nearly three centuries elapsed. 146 the limelight from Ulilies. before This name was revived for the Royal Navy's first largę scoplano carrier, a

converted merchantman which tho naval architect and

served in the Gallipoll campaign of 1914. colleague. the scientist, must consider in there days of the

The third Ark Royal, built in strategle atomic weapon.

But it is in the highly secret 1038, although more than 13,000 Looking at the Aric Royal, the field of electronic equipment, tons less in displacement than

This may come next year but the | certainly not in the forthcom- Royal Navy's brand new 40,000- which is far less comprehensible her present namesake, set the layman, that to

the Ark frend of design for modern aire ton aircrafl carrier, Da she

Ind

Autumn session . SHA) She sank after Winston

Churekill undergoes her trials along the Royal is the most modern fight-craft carriers,

has inade broad intet leading to the porting unit afloat. Ever since her being torpedood in the Mediter

list pictly cleLT. of Glasgow, even the layman inter, the Eagle was commis rancan in Novembre 1041.

Blaned may see some of the advantages have been improving the com

J 1951, the scientists

And it theo threats by The keel of the new, Ark Peking to liberato Formosa and disadvantages of this ship

plex equipment which constilutes Royal, which rates ps 58,600 tons of a hundred secrets.

mean anything and an invasion the eyes and ears of a modern displacement but is more than la attempted, the chances of

# | 40,000 tons fully loaded, was That expanse of flight deck.warship, and without which

China's admission the Mer Communist

would vanish com- with an area of more than two carrier cannot emciently operate laid at Birkenhead,

near Liverpool, only in next year acres, may be armoured, but ither aircraft for olther attack or

pletely. months Inter. The fact that she

is a prime target. The "island" defence.

atructure on the starboard flight deck, housing radio, radar

ond

plotting rooms without which the great ship would be blind in battle, is ns large as a modern frigate and shares vulnerability with the fight dock.

Her towering hull surmounted by the flight deck presents surface to wind

The latest

of this

"magic"

sey,

to

during progress an finally uld months

back In the nort

the most modern rioods.

that

and weather How, for instanco, to maintain giant, Britain's novel aciebilstar | Alandby, for then a first-class

which makes her scarcely quick

and improve the habitabilky of a separate corps of professionen, a ship while packing in equin- experis

and

the

were higher. 523 lower.

So-called "special" Issues marked up the best gains,

A few chemicals were Foot Du Pont, up 14 points, Union Cabide up 7. Allied Chemi- cals, however, lost 31⁄44.

Follansbee Stool sold off points to $20% following the alhouncement that directors have approved sale of the firm's certain amount of shares at $20

share.

Nine aircrafts continued to dominate the active list. Curilas- Wright was the active leader. followed by Booing, with Glenn Martin, and Grumman further down on the list,

per cent are in South Africa Month and Asin, while only one each is found in Europe (Greece and Africa (Sudan) and nong May at all elsewhere.”—Ching Mail Specini,

Volume

Open intèrent

Ort.

10,300

201.200

Dec.

31,400

547,400

MAT.

23.000

435,900

14.000

404000

7,307

172,500

Oct.

2,200

54,700

Dec Total

700

100,000

1,951,900 bales

World Rubber

17

Markets

NEW YORK PRICES

New York, Aug. 12.

Prices of cotton futures today closed as follows:

Spot

Oct.

Dev.

Mar.

May

July

Dec.

29,20

34.12-33

34.28

34.60

NEW ORLEANS PRICES

Singapore, Aug. 12. The markel opened higher on overseas acceptances; There was some trade buying and covering of new shipment. The market closed quiet and little below,

New Orleans, Aug. 12. bost Pricou

Prices of cotton filires' closed 2,080,000 No. 1 subbạc petib,“Aug

today; as follows: Sept. 61-01 Spot Oct. 67-8215 Oct. No. 2 rubber per lb. Aus. 2015

Volume totalled shares compared with 3,440,000 yesterday.

A

No.

The New York Sibel Ex-No. 4 chango bond volume was $3,302,000,

The American Stock Exchange volume was 830,000, shares.

DOW JONES AVERAGES

Now York, Aug. 13. Dow Jones closinir averages on Wall Street today were a follows:---

30 industriale 30 relis 15 utillies |03 stocks

Business done on the Hong- kong. Stock Exchange

this morning amounted to $708,304.-

quotations and morning's transactions: SHADES DUÝËRA BELLERÍ SALES 10 bonds BANKS TNGUO

Union Underwriters 7,05 SHIPPING

Axis Nay. DOCKS, ETC.

What!

Dock

Donk

Provident

Wheelock

LAND, ETC.

1k Hotel IIK: Land

ftumphreys.

· XD:

1050

2384 7.08

34 2500 .00

30

20

- 500 12 20

Comm. future price

Spot, rubber umbaled 2. Blake-repo- No. 1 pale crepe

Dec.

65-681

03-00

Mar.

May

July

0115-0216

'Oct.

Dic.

NEW YORK MÄRKET

New York, Aug. 12. Rubber futures today” closed 5 points lower with sales of 20- contracts.

The market was very dull and quiet with no outside transactions 1431 reported.

LIVERPOOL PRICES

33.90)

34,100

34.34

́Liverpool, Aug. 12. 1 Opening prices. American mid- dling cotton, 13/16 inch, in pence per lb, were as follows: Dot./Nov.

Dec/Jan. Mar/Apr.

118.91

In the spot market No. 1 Kis May/June B1.17 were quoted at 23 cents a pound, July/Aug. 120.08 101 ,38 nominally. Future closings:

British And Japs

500 1989 Will Search For

43,00 13 109 e 13,

9.40 745 1506 97.40 Ore

2000 145

2000 @ 10.50

01 400 20 00:30

400 100.

19.00 .010 BAS

13

LONDON MARKET

23.05

21.00

21.03

21.03.

London, Aug. 12.

unquoted

31.29 31.07.00

Oficial prices for spot costone, Included: American midding 15/18th inch 12.74 Tth inch 20.87 | Mexican middling 1-1/10th inch 1347

Others were unchanged,

SAO PAULO PRICES

Sao Paulo, Auz, 12..

181.16

Beptember

United Preps.

December

March

May

July

September

The rubber market was easter

Collon futurea closing prices,

follow

October

8014-2015

December

20%-20% 2011-2012 201--2012

May

July

-2014

after stondy with spot quoted at in cruzeiros per kilo were 20 pente por lb. Prices:

In Malaya

No. 1 spoti.

Belllement, hotse term:

Sept.

Oct,(Dec.

Singapore, Aug. 11. Teams of Japanese and British Jones 1200 00.50 experts on iron ore and alu-

July/apt allum are, to visit Maluya shortly to study trade possibi- | AUR **

e. Light (8) Electric

37.00

Dement

INDUSTRIALA

* 28.10.2010 200

0.10

March.

240.00

28.00

26.00

unquoted

In the United States, the average price of 15/16 middling General” marketa, eif basis, portai

vit cotton at 10 designated spot) 14-15/16-10-1/1 markéts, were 34:19 cents, Sales 1+15/

-20-1/1 at these centres totalled 14,500

bales.)-United Fross,

The market was stends Prices New York Sugar

closed today, in guildertyper.

rubber

-1.90 paid

One team from, the United kilogram, CIF Sept, as follower Kingdom is expected to leave No.

No. 2 rubber this week while No. 3 rubber for Singapore Tokyo will leave No. 4. repo

1.94 buyurs

toolt 11 years 1a completo is not This possibility cannot bo

be blamed on Merseyside Ignored but presuming shipbuilders but on deliberate there is no immediate threat of delays due to financial considera-now tensions arising. Utilities tion and also the desire to ens

expected to

fall UTILITIES sure that she

Trần 20h 1030 1000 o 19.00 itics. Was so adapted may bo

Star Ferry gear has been fitted into the Ark

and may possibly

300 1

teams will study the Estate, crepe, thin q. 3314 Vimos, ZnY, 148, 151, 300 @ 180

of developing the establish themselves et a Royal. This has created other

E." Light (0) 10 18.10

10

AMSTERDAM MARKET- problems for the architects and

Temaggan Mine in, Kelantan level. Yet, even whlio soothing the manently lower

Anskterdarn; Auz. 12. 110 which 13 new will always

believed to pomess de- scientists, on the human side. teething troubles of this

(03.25 3314 2000 @ 3315 posita of between eight to ten the market, though.

10.

million tons of iron ore. and easy to monoeuvre when

market this week, technolana, mnd. On the under attack in adverse weather. |ment which takes up more and their pariners the

lightly. naval prion hays ouped back. At the best of Umes, a ship more space. With a peacetime architects and constrictars, are rums see, slawes from $19.60 jo nearly 804 feet long overall, complémentį of

Bordo

1,000 looking to the future and en- |(19.00, Lighta old from 10.30 bo with a beam of more than 112 officers and men, the Ark Royal visaging a succenity 10 new from 31812) to “813.10, feet, is not the easiest craft in [Bot this problem in an acute

Elstries, from: #15%-to #481⁄4, the world to handle.

This will probably be da roy phones from 827.00 volutionary by comparison with $17.50 (no buyơm), )

to sollere These might be regarded a It has been answered in a the 1914 sonplans cartier Ark major, debits in the atom age. Inumber of ways, as it must if Royal as that vessel was in the

1 don't offer this sho

and first of the line commanded by work fronding prices 1 to be a happy On the credit side are many unclent fighting ship.

Raleigh.

Langible evidence that Viilities new developments, Including

are beginning to take a back but will notlos if more and more in the coming manthir

form.

..

some evolved from the lessons The intricate ventilation learned from her sister ship, the system has been designed to Eagle, which has now "been givo the best possible living In commission for nearly three conditions in either Arctic or years.

Not least of these are her

|tropical waters.

The centralised

A

Although such A. VERROL

„Bliewhere on the "majkot mess system, probably sist much more than in Danke rose $25 on the week, to pleams

catapults, evolved by first fully tested in the Eagle, the mind's eye at this moment $1,000 probably i imutsympathy

hával architect add with Royal Navy scientists and en- provides

Hot meals the for good gipoots and adopted by the From the most modern kitchen scientists are aiready thinking rates have risen Laited States Navy,

*

London where

Floje

DUTY

MISCE

Yanxie Alle

1514

8.10 8.90

the other from

for. Malaya on August 23::

A

joint Anglo-Japanese_com

pany is to develop the Temag- Bin Mine if the survey teams

4073 1750 74.50 | End It worthwhile.

Sven Japanese representing aluminium. Industry Japanese

on Monday on a tour

New York Foreign

Exchanges

Nab York. "Aug. 12. -

Canadian dollar, rate??

trominal | Spot: clore

in two large dining halls, this in terms of nuclear ditaion for A1, mentioned Enriler Banki removing the.catering from the propulsion praipotión end have 646 been?} moss decica and leaving these piloted prid, pilotleba aircraft entirely for sleeping and re-direct from within on armoured foreign investors soñáhrif, Di ersation,

aircraft recovery zibello be are up to 1920 atom-proof hull some meens of other fathrooms close to each mess | evolved - which ju

dispenses with und Highostlar These teilt lälinch dlévétly into i desk with stainless steel-basins, acres of hight deck, the" quidad, jeen site air the most modern, naval zupplied with running, hot wud mimiles for defence Bha diipeka ogrding] if both), BAND

weather colds (water, individual, abayinga.

"Havijana. Jams and 12 mirrors: atsd": fresh"

PAVANK Royal phares with her sits

Evolan, This inew, high catang

3rd for bhing: Apatzillow nigh

these innovations,

of

left-cakt "Ašlán" " countries, including propeta

for thats producin

1.92 buyerd} 226 buyers

United Press.

CHICAGO GRAIN

pot

218 360) 200

Ded

They are expected first to visit Taiwan and from there will go on tay Hongkong. E

Borneo, Corn. Ne. 2, yellow Thailand, Bingapore, Rangoon, Calculta, New, Dellal, #pay Bombay Karacal, and Colombo.

United PrØRSION HE

London Foreign

Exch

Market

New York, Aug. 12. 77. World No. 4 sugar, futures," closed today unchanged-to-1-

with sales of_39. point higher contracts.

Domestic

closed unchanged stat

In the Comestic and world. markets but fairly quiet trad

Bugar, pourcos report, a, heavy

| Interest in the world market."

Periding, business' is estimatsch, at about 200,000 tonk

Future bibeing 17 Contract Na“ 4 (World)

Oct.

MAT

AWO-