1954-10-20 — Page 9

OUR WEEKLY AVIATION NEWS

The Fairey Delta 2, the new British supermonto research plans designed to fly at mort than 1.200 mph in level flight. The plane is claimed to be, the fastest in the world. It is the

second British plane to reach Much à in level flight.-Central Prem Photo.

THE CHINA MAIL, WEDNESDAY, OCTOBER

FAIREY DELTA 2 BREAKS THE

SOUND BARRIER

TRADE and COMMERCE SECTION

U.K. WHEAT Argentina Takes Traditional

Aust. Market

London, Oct. 19.

The Australian Government is extremely alarmed over the fact that Argentina has seized more than two-thirds of Australia's huge traditional British wheat market

this year,

Australian official sources in London said today.

1

In consequence Australia is faced with a burdensome surplus of wheat which observers say

Par

PURCHASES

Sugar For Tyres Japan Buying Most

JapanBuyingMost

The

New York, Dot. 19,

Philippines wit trade mawr with Japan for automobile tyres during the rooming months, the Philippine-American Cham- ber reported. today,

The barter deal reported- ty Involves the exchange

ton

by next March of $1,000,-. 000, worth of tyres and at feart 17,500 100s of surur.

The ability of the Philip- pints to ALEX IM 874,000- United States sugar plus its domcetic quote needs and still have addi- tional mugag for export in testimony to the degree of recovery, by the country's war-devastated Industry/- United FreSS.

may have serious political repercussions for the HONGKONG

present Australian Government.

British imports of Australian wheat in the first eight months of this year were less than half of those in the corresponding period of last year.

On the other hand Brit L-| concerned over the fact that pits of Argentine wheat in-since the British Government creased more than tenfold. Ju decontrolled the grain trade, the 1952-33 Ferzen year ending private

British importers of 1953 Britain imported wheat had stopped buying Aus- cinly 20,000 tons of Argentine tralian wheat and were buying wheat. In the eight months of Argentine wheat.

mist 31 British 1954 ending August 31

PREFERENCES wheat! Imports of Argentine amounted to 200,844 metric

Another important step in Great Britain's exploration of July 31, the field of supersonic flight is the first, and successful, flight of a new delta-winged research aircraft.

This is the Fairey Delta 2, a single-seater built under the Ministry of Supply's research programme. Originally the aircraft was intended for investigation of control and flight problems at speeds just below the speed of sound, but during the develop- ment stage its designers realised that this performance would be exceeded.

The F.D.3

The second moment,

onlookers

At the same time, new con- thought British

aircraft capable of something had gone wrong, be- tracts went out for the produc- supersonic speeds in level flight couse suddenly an Irregular lon of Lockheed F.104 light- to take the air, the English bundle

hurled Was

upwards weight fighters intended to beat Electric P.2 being tho first.

from the cockpit. Seconds later down enemy fighters protecting Information obtained from the the bundle descended gently to battle areas. test flights of the F.D.2 will be earth by parachute. used in the design of future

The bundle was Д dummy military aircraft, and may well pilot, simulating an emergency benefit jct airliners of to-

jump. The drop frean so low level was made possible by fo marrow.

The F.D.2's design was sup- Martin-Baker ejection seat." An

by an extensive ported

Idea of the ↑ Improvement in pro- tests made with enfety brought about by this gramme of models, and It embodies ultra-seat can be gained

from the modern Berodynamic and fact that in World War II it technological Ideas. It follows was thought unsafe to jump logically

from lessOILS learnt

from less than 1,000 feet using with the F.D., which astonish- A standard alrerew parachute. ed visitor at the Society of Now even at a height of only British

Constructers' Aircraft

30 feet, jumping is practicable, ont with the Display, Inst month

and the company hapes to rapidly of

rolls. reduce this minimum

super-twenty-five fert. the F.D.2 han

of its

'fllck'

In order to achieve

sonic

been by its designer with exceptionally thin wings. At the trailing, edge ench wing resembles the flat blade of

word, tapering away to a fine

cutting edge. In spite of this. brillent design provides for the main wheels of the fricycle undercarriage fully into the thin wing.

to be

retracted

or

A novel feature of the FD2 is the design of the nose, which ensures that the pilot has B good view when taxi-ing fying near the ground. In flight stream- the nose is carefully lined to obtain the minimum of head resistance, but when the. approach is made, tho

The order for the supersonic bomber

Navy came after Secretary Charles A. Thomas told Philadelphia audience aircraft Russia has.mipersunte to deliver atomic weapons.

When British European Ah-

Viscount ways

jet-propeller atriiners take off from London Airport there is sometimes a pilot from

afelina a foreign altting in the second pilot's

In this way BEA are helping to Britain's aircraft export drive.

They are tenching pilots to

dly cur "best roller" airliner.

BEA were the fist attling in the world to uso jat-propeller alrtincts, and other lines in many parts of the world, have Using this ejection seat, pilot need only

his sought their jettison

halp in operating canopy and then pull down a the Viscount. ther-protecting shield. He

*

Brea upwards immediately by been instructing engineers from

cartridge mechanism, clear of other airlines.

יי

My John McEwen, stralen He threatened that if the Aus-

STOCK EXCHANGE

American Rice

Washington, Oct. 19.

Japan had displaced Cuba as the principal foreign purchaser of United States rice, “Agricul- ture Department statistics showed today.

The 12-month

period ended July 31 was aly marked by o general decline of American rica exports and the loss of important markets in Asia. Total' exports were 15,054,000 bags, compared to 17,180,000 the previous year.

Indonesia and Ceylon, whose purchases had been 1,750,000 bans the previous year, altogether ceased their American buying Shipments to Korea declined from 4,620,000 to 390,000 bags,

Japan, on the other hand, was more than doubting her Ainert can rico purchases from 4,000,000 to 8,444,000 bags..

Western

Rice

exports to ¡From Our Correspondent! Hemisphere increased to Canada, Venczucia and Columbia, but Business done on the long-declined In the case of Cuba. kong Stock Exchange This That country teal 4,733,000 bags morning amounted to $900,007. compared

4,870,000 the Noon quotations and the morn- previous year-United Press, Ing's transactions;

+

Minister

(*) tralian firmer could not get for Comm2rce artd Agriculture, in a radio interview preferences of his product in SHARES BUYERS sellers BALES

Britain then the British manu- BANKS Over the BBC in London sald facturer could not expect to get

RK Bank

1838 1000 Wnd seriously

preferences in Australia.

He said "Britain can't have it both ways.

Australia won't.

that

Australin

buy cheep textiles from Japan,

World Cotton Britain shouldn't

Markets

buy cheap wheat from Argentina."

As evidence. of the concern with which Australia views her trade outlook with Britain is the presence in Britain for a month New York, Oct. 19. before the major GATT review Cotton futures today fluctu-in Genova of Senator O'Sullivan, uted indecisively while traders | Australian Minister for Trade awaited new Incentives:

and Customis, as well as Mr John McEwen, the Minister for Com- merco and Agriculture.

In spasmodically beisk deal- Ings, prices see-sawed within a nartové range, keeping close to The previous close most of the

BOT FIGURES" time.

Board of Trade figures for the Domestic mill buying

and covering by shippers against ex first eight months of 1934 show Part commitments to Europe that an entirely now pattern cushioned the setbacks. Co has emerged this year in Britain's versely, small rallies met in-grain trade with Argentina play- Ingo vital port. The change creased hedge selling.

Liquidation by

chiedy discouraged stems

from

fact that speculative longs, along with Britain did not join the inter- The Wheat Agreement, to Liverpool national Whe offerings dredited account, also made up a portius IWA wheat price has remained

well above its own of the activity.

minimum, Spot markict sales in the despite large world surpluses in

and above aggregated wheat,

the world prise Experts thought on the open market..

South

a

120,000 Herday..

the

good part of the cotton Under no obligation to bay the is being carried unhedged,

expensive IWA wheat, Britain

to Trading volumes and open turned.

non-signatory the interests in the Exchange today producing nations for her wheat were:

and principally Argentine. Month

11,000

2.653.000 balza

today

20 1880

401000

10 1000

10

1880

30

1960,

100

$30

500

200

040

22.30

to

World Rubber

Markets

Singapore, Oct. D.

NEW YORK

STOCK

MARKET

New York, Oct. 19, Rall stocks moved up a point to more than 3 points to festure a higher, moderately activo market today.

Best performers in the rails were Atlantic Coast Line, up 34 points to $122, and Union. Presic, up 31⁄44 to $144, The group rose $1,42 on average to the best level since August 20.

Industrials, arhough

only 40 cents up in their average, had numerous features—in the air- crafts

cement stocks, steels, oils, television.

Valities

were About un-

Out of a total 1,100 issues ap~ pearing on the tape, 508 closed

while 337 were lower. Turnover increased to 1,900,- 000 shares from

om 1,700,000 yoster- day. Mont rail stocks were up

lear fractionally

gains of around a point. Douglas soared in the indu

changed on balanco.

| at'

had

and several

Fast Asia INSURANCES

Union Lombard.. Underwriters

The rubber market opened trials on hopes that directors DOCKS, ETC. K. Wharf

lower and cased. further on will increase the dividend to- ... 0715 Dock

liquidation. There was trade me

morrow. It von up 3 points to Provident (0) 14.30 1435

support and some factory in- Wheelock ... 7.70, 70% non

$93. terest dor lower levels. In the 1500 72

Good carnings or dividend 1000 72

afternoon there was a rally on nowa helped a number of stocks 4000 74 covering but later there was Thompson Products, up to

further some irregularity

$86, Minneapolis-Honeywell, up to $90. Wrigley, Central and Southwest and Canada Dry, all Fractionally higher.

LAND, ETC.

HK Hotel JIK Land

18.60 10,00

S'hai Land.. Humphreys Realty

1.40 **2.073

7.30

VEL 40000

A

3809 06 TÁTO

on

1000 71.70 selling but at the close steady 1000 110 with offerings well absorbed.

Future closings were: No. 1 rubber per 36, -

000 20.30 16000 6 2.10 10000 2.10

2000 de 2.10.

NOV.......

Dec.

No. 2 rubber per lb.

Cement stocks were strong. American Airlines was the day's

*7594-7016

75 11/10-76 13/10

unquoted

issite.

The

Nov... 25-26-7357

No.3 rubber per T.

Nov.

No, & rubber per ib,

Nov.

Spot rubber

unbaled

Blankets arepa ........

No. 1 pale crepe..

7336-2423

NEW YORK

80 10.10 Futures closed today steady

8000 2,10 7000 de 2.10

4000 7 11,10

5000 M 2.10

1000 2.10

UTILITIES

Tram

100 18.10

200 18,10

2008.19

Job 18.10

800 18.10. 143 10.16

Star Ferry.. YaumaiĮ

131 133

15.00

150 15.00

15.37

Dec.

5:00 @ 13.99

Mart

15.00

Mag July

Ferry XD *182 154

C., Light (0) 18.80 15.90 100

change

shares.

most actively

traded

It rose to 91514

American Stock Ex- volume

tyas

640,000

New York Stock Ex-

The

change bond

$3,300,000.

volume

...WAS

"DOW-JONES AVERAGES Dow Jones closing averages DIY Wall Street today were as fol- lows

but quiet." Reported sales in 30 industriniä cluded fat bark for Dec..-Jan. 20 rally... mTival at 21% to 21% cents; 18 uities

1wo December

sheets were quoted at,

20% 0203 3

Future closings were:

1000 + 15.95

Sent the c. Lent (1) 1200 1200 100 4 12.01

The Board of Trade Agures show that. In the first eight months of this

Britai war bought only 85 per cent of her total wheat imports from Commonwealth, compared with 84 per cent in the corresponding period in 1953, Foreign inports (excluding the US and USSR) in 1953 period were .003 per cent, but in the period under inview for 1954 they jumped 24 per cent of her total imports. Last your Britain bought

For nearly a year BEA have

Out,

гипе

Volume Open interest

2,000

Dec.

83,200

€20,700

Mar.

42,000

473,000

the aircraft's tall. Automatical-

V

S seat back and to control the opening

of

a small drogue opens, to tilt

So far," a BEA official said,

May

24,000

734,000

18 pilots from other parts of

July

18/200

347,100

Oct.

2,800

61,900.

the world have come to us for

Mar.

7.100

Total

140,400

14

NEW YORK

Prices of futures closed

as follows:

Spot

5.16.

Dec.

54.02

Mar

34.05

even.

May

53.19.

July

35.07

Oct.

34.73

0 365,948

Dec.

34.80

Mur.

34.47

Australa

NEW ORLEANS

a larger drogue, Viscount training. ensuring that the latter does not "They do upwards of pilt. This large drogue steadios week, and the course includes stat, plowing it down, and a of route flying over whole laws the pilot to drift clear 0% The

jet has by no means

the ousted

propeller apparently, for high speed work.

w his own parachute · now

hat within tea

seconds of

hose section can be lowered fully opened. It is claimed also

like a drawbridge, something giving the pilot a clear view For landing.

wing the aircraft, the pilot An American propeller concern can be safely on the ground, are reported to be testing a vity to feby pain if

the

need prisco

"prop" designed for 850 m.p.h. The whole process in fully outomatie from the

mo- nying.

want when he says 'good-bye'

to his aircraft by operating his

to the moment of

The first fight of the F.D.2 | Fast-shield, was so satisfactory that the air-sking "terra Brma." craft was flown again on the The test pilot following day.

AVOT.

When any how aircraft' gp-

South African Airways are pears on the scene, it is fir- portant to establish and perfect buying three new airlinere from its handling qualities as soon America-Douglas DC-7%. These as possible. Already the Folland piston-cagined acroplanes fly at Midge, the 800 mph prototype 305 m.p.h. been of the Gnat light fighter, has

•

only.

1000 13.90

100 12.00

1000, 12.90

1000 12.00

300 6 12.94 2000 12.00

Ficcirle

32 3214 500

Telephone

500, 321% 1000 © 321% 200.61 32,4

27 27.40 104 cp 27:

LONDON

The market was firm. No. 1 Ras spot were quoted at 241% pence per lb. Prices:

No.1 spot

Bettlement bousa lemmi Nov.

Dec. Jan Mar Apr/June

ALS 9115 1175 50 @ July/Sept

ewis, of wheat from in the first eight INDUSTRIALS months of the year, This year she bought in the came period Prices of futures closed today only 3,434,027 cwts; v. ng follows:

Spot

Dec.

Mar.

May

July

Dec.

$400

34.09

34,97

35.18

35,06

34,78

34.83

LIVERPOOL Futures closing prices, Ameri- can middling. 10/18 fnch,

was Peter Twiss, who has also flown the F.D.1 extensively. The engine. of the FD.2 is the Rolls-Royce

first order has for the Handley Page been flown by pilots of the placed

Accident figures just released Herald four-engined alreraft,

HAF and the Royal Navy by the U.S. Civil Aeronautics which embodies the belief that though it made its first fight Buard ebow vividly the bount many airlines in distant parts

August.

| of flying that is done in Americk, as_recently of the world stil! And

to During a three-day visit this initial order Boxome Down aerodrome, eight comes from Queensland Airlines, Service pilots took it in turn used for business or pleasure, to ty the fast baby fighter, Wire involved in 2,396 acodents, per cent of them fatal crashes. They floot of DC-S which remained 100

throughput the cot 585 lives, Yot sene Agure Mekican middling serviceable aircraft on-the east coast ΟΙ

perlock WAus'ralia,

plston engine attractive.

Notably

the

which at present operates » af all-American

One of the Herald's advant- agos is that it will be able to operate from comparatively pri- mitive arbeids- all over the world, due to its good take-off and landing qualities. The first prototype is expected to fly in

The fact that the Midge has beeh flow so soon after

Last year private adruplaries,

were the lowest since the war.

in

pence par tb., were as follows:

Oct/Nov.

32.36

Dec/Jan. MA/ADC.

21.31

·39,44

May/Jun

July/Aug Officia values for spot bottons Included: Amériese middling

330

500 GP

Oct.

13 stocks 40 bonda

2

Comm. future price index

-United Pres

Chicago Grain Market

Chicago, Oct. 10. Com and oats futuros werd. fractionally lower from the start. on the Board of Trade today, but wheat, rye and soybeani broke mway from

the casier trend

231-5

Norway bought about 460,000 2315-2326) bushels of U.S, wheat today, for flour 22 December shipment, and 27-22 millers also were fairly nelive 231-2 buyers. The United Kingdom, General marketa, elf baris, porien

however, pont to the Australian market to buy 350,000 bushels Nov.

2011-221) (of wheat, exporters said. Katata crepe think Oct unquated

The sale of 400,000 bushels of thin 25ți

for US

mybeans

shipment on November 20, along with

terminal smaller receipts ot steady. murkots and a steadier, tons in 100 10.90 Prices elaed today in guilders soybean meal, helped the bean.

Cement

Rope f

17.70' STORES, ETC.

Dairy

JULES, 24.00 24.30 500 OF 24.20. Tast In the same

period

800 24,70 year of importa

Walton (D). 16.00 whost

300 (6,8) 100 10.90 cluding the US and USSRS amounted to Д mere 183,023 cwis. This year they reached the hugo total of 9,184 838 cwła. Df th's Argentina alone supplied 2,006,140 cwis,-United Presi

Anti-Trust

Action

New York, Oct. 19. [18/18th, Įnch - 22.40 The Government today med

·J&lh' inch - 25

civil anti-trust action against 1-132nd inch 34.30 21 leading manufacturers and

(N)

500 $ 16.00o

1000 16.00

1000 or 18.00

20 Ga 15.20

DO 15.80

-1000 # 10,0) 2323.40 - 800 de 23

+1000.0%

2000

The

AMSTERDAM

market was

per kilogram, CIF, Nov. as fol- contracta lows:...

No. 1 rubber No subber rubber

No. crepe

Rye futures were up on the anticipation among trades of an 2.19 buyers order from, Western Germany. 219 bus today for four million bushels 242 yers of North American ry United Press, Wheat closed" up: V

soybeans!

2.17 buyers

cent:

Inniper, wheat was

BAL Winnipeg,

New York Sugar New York Foreign priced at 161 frond

Market

Exchange

New York, bet, 10, World No: 4 sugar futures to-

Engla

Ouers were vnchanged

importers of the watch - In- The_|_Air Ministry, has" she

dustry and charged them with 580 nounced in London that one of

PAULO Futures the aircraft, of "he Queen's

coring prices, in conspiring to restrain trade in day closed unchanged to

the manufacture, sale and i

* Im-boints lower with sales of pip Flight ti to be replaced, by a s

truzeiros por – kila were as Havilland Herom, 4 Series follows:

hutures U.S. Domestid No. 8 SAMERE powered by four pe Havilland P

#18 | didana, one to 8 pointer- higher, | South Gipsy Quees 30. Roger of 200

1965, aral deliveries to Queens maiden fight by a number of braka horie rower, Tina Alflines are expected to pilots, who are not company deste Havilland begin in 1987, 88

fest, pllots, but serving officere,

control and propel

The Herald is dudligned to Angles

the requires A

delth wings faster-than-

the service wohind medium, Bomber has bee

*rt 18 ordered "into" produ

Mats United States "Air,

i

* L-The Convair B.31,

will be powered by

"believed" to (bà) able;

2,000)

ky

portation of watches."

10.50. sikro

SThis Blauit died in

Federal Courts hely

the Court

Toohipalar the

Activity in the dom

London Foreign

No 5, 11 was at 185% conts United ProsNI27.

CHICAGO PRICES

Oct19. per

Prices

yellow