1954-11-16 — Page 9

THE CHINA MAIL,

TUESDAY, NOVEMBER 16, 1954.

OUR WEEKLY AVIATION NEWS :

Pago 0

HMS Centaur, sister ship of HMS Bulwark, in Malta. Bolwark, the latest of the angle-dick enrriers, has just joined the Home Fleet.

BRITAIN'S LATEST CARRIER A POWERFUL ADDITION

NAVAL POWER

TO

ak, azwy aircraft e gode las joined the Royal Navy Home riert. During 19, two other new ships of

the same class, BES. Centaur and Albion, Fave been commissioned for the first time. These three carriers will powerful contribution to British unval air power.

All three

with fourty alles ener

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F | 11

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fre duetjen

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30 COTR ME

vrasp tents.

for both

<if

Be the

Whited

Ineling and,

F::

Recently

meressful test

water

Navs

וי.

The cost of operating of par only be kept how if all the

component fun

Ing. ETAGE Ja tutur.

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1

Finch Bodegondent had to set oppa sporipits for the jet- Toner a atach also spent more on Fraktung than f Air France. Moeuver.

3

UAT Comets re- mach higher propor- fita feet than do Alr Frances it is estimated that of the $17 million relat, some $1D Billion has been incurred by

AT

Air

ronoma bilish apps past. We am $7 million by

[1]

wil become

The anglest der k was intros

White Boll nuced to provide, Catarr-borne i Bristol Freighter contrafe with a clear path. for sall a retir to operateAT. ༨q+ཝཾཝ Take off and landing.

Air France continuing their to as the cult at in therebse 11 negellations with de Havilland

is propeller

in Dejene Nie prelong area 2 ks (the approven ordutand liter regarding possible

umply a method

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the wong

riet is

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The

wheech

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yan ponseler

Any all

the

compensation theli losses due to arounding of the Comet 1. dis- cussions are also being held at -warihtness matters, the Air government level. At that level. Registration Hours. has given it reportedly has been proposed fe and fur un amoreuse of an i to give thi companies elther

on the sonand Life of Demet 2's m

placement. propit Freighter

Ny system over the fort lens of ti AFTE Boring take-of

trol

Tours FOR

Be

for safa

1 la

Tomas here

pelling and jung

ITIN

led

Th

which was ofer

Viscounts ng re- for the Comet I's.

Both varriers have Comet 2's on order (Air France six and h now been BAT. four) and part payment

Should of

to the Bristol 13. 201

Dyan İranl life, wires the palet ndy hue to open when and hours, has the the wide

bir teresel at take Swain.

me kecapper hours, as a result private burtiert peforf of the tury

k

to protect the

: the law •

to fourteen hundred has wirendly been made for

long th

This money would have tu be reputi if the ofreraft were months Anatol aut delivered before Freighters have herr ARPAYING deadline as determinest in the

11

TEM INGO desk landing ad er ten thousand be of asc Pepales J butan batṣINDIA, Edit da allowing the ageration

wakatoa still

Bellyt prate

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from

The

a frenar pleas farten ant

36.15

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At Cruising

Speed

At

hout fer aircraft to

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at 1 ww

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of

The Bunted Kreipkiter, the new is period between propeller over-

1

solution

Lin

of

relevant contract.

Although

Alr France

Viscounts iposable stera best-humelage 800 series a might be fenolble, It is known that U.A.T. has no pre- SETET requirement for aircraft of This category.

Thus, It would teen that as Penst one of the lors

TRADE and

COMMERCE SECTION

AMERICAN ECONOMY World Rubber

Industry Expanding

As

Reach

Markets New High

By John Morka

New York, Nov. 15.

The nation-wide elections scemed to open the door for business as well as for the markets.

While the stock list is reaching for new high!

for ground

quarter century, industry is expanding all along the line.

21

The big nows comes from the nation's biggest i industries-steel, automobile and building.

Steel making operations last booming activity. It finds m week were set at 77.2 per cent. oversupply of new dwellings, of rated enpacity at which the industry will turn out

Road building is a new giant at least 1,842,000 tons, the must

injected info store

the economy mid-December.

This time. It will boost employ- re

Estimate

that the industry will exceed laeni and give the cement

makers a real boom

schedule.

D

Automobile makers are setting Their sights for a folal produe tion of 1,080,000 new cars The rembinder บริ th That would bring the 1931 out- put to 8,400,000 vehicles, also a would bis a November-December

Soft goods Industries are res ported on the upturn.

Bethel trade is already

feeling the Influence of early holiday buy-

A holiday record

yearing

high. Ford, Mercury, Lincoln, Plymouth, Digo, De Soto and Chrysler

their Fore ixxosung output of new motiels this week.

A RECORD

expected,

Ship Union Disturbed

Lendon, Nav, 10. The Navigatoar and En- Klarer Officers Union de-

clared today that the future of Britain's merchant Beet was "fraught with Favo aneeriality" to the face of growing foreign competi- sion from Germany and Japan.

Ju 10* annual report the Finlan

Bold British ship- yards reported a continued fall in tonnage under con→ struction especially for the

mnall class of vraet. This fallure

to renew the na- tion' wasting merchinul navy was primarily due to Li burden of Laxallen. Many shipping companies were not able to net enough astde from their earnings to cover the replacement al obsolete units.—Reuter.

NEW YORK

STOCK

MARKET

HONGKONG

STOCK EXCHANGE

(From Our Correspondent)

Business done on the long i kons Stock Exchange this morning am. unter to $575,569.- 24 Noon qurtaritions and the meming's transactions

Markets

Singapore, Nov. 15.

After opening Strade the rubber market eased on inek of trade support and some Equidt- tion. The market stendled in the aftermODN with offerings well absorbed. Future closings: No. 1 rubber per lh.

Dec. Jan.

.82-0/10-12-11/16

0234-0236 mysit

Feb

Ne, 2 nibher per .

Bet.

1246-80%

No. 3 mulher per ins

Deg.

Na, iruditer per m

Dre

13-01

10.101

Spot rubber unhaled 125,62% Blanket repe

1991-0715 Nepale Prepe

NEW YORK

Tive imarket today closed 20 to 40 points lower with sales of

SHARES BUYERS SELLERS SALES 123 contracts.

HANKS

BK

tion

Launched

Underwriter

SHIPPING

Lower London cablea azul rê... jaxta od eneresions on shipment offeringa from Siani.

kept terring marks: pters on the defensive.

Spot dealer Teperial a far- sized factury abrest un physicals

k Fust Antil

INSURANC TIM

TAAV

20

1 ᎨᎫ

11.20

son

a da

મા

70

20

1000 ... 20 20 we

2001

26

24,337 36 10 300...

10

7.10 7,5 2000

LAND, ETC.

201

Waterboat

DOKS, ER.

K, Whart

Dnck

Provideat

Wheelust

HX Holer

HK Lond

1000 20.4urite the cals foregoon, but

the injury

readily ed and prices wore inclined to soften later fab-enco ég now buying Interest.

Concessions of 3% cont

atelied with

Siam

13:40 13:00 1000 19 13.80 | smidler marked down en Indone¬-

300 13.70

MAN VERSTRARS, but autant must- Ineo - 13.00

nuss worked was retorted small 43becRUSU

Happiness Realty POLITLES

TOM

14

210

#11} -

At

21

11003

19 10 18.20 GU

200

1020

19.10

SLAT

Ferry

137

140

Ferr 137

100

1701

C. Light (0) 11.40 20,70

204

! #215

ufferings Wenn donekle

overall

tho

11 uhovo

* khu Spot

Inter No 1 Rss were quotal 281⁄41⁄2% conts

Pic jantl

jon, closed us follows. JA

200 61 18.80

Dec

C LARI ONI 13.30 13

500 13.46

Mar

600 $3.50

May

00010,40

July

334, 35, 3du le 241 y

Sept

Fer. 11.30

2020M 1008 29 30

Dee

36

The

Many textile Ines reported | strong demand last week-some

New York, Nov. 15. strong enough to boost prices.

Prices on the New York And there were additional - Stock Exchange retreated

Arcinie Mam dications of a definite improves |

Teleptance ment in US. business prospects. slightly Today on profit INDUSTRIALS

Ciment survey taking in an active trading; And last week, Standard and A Dun and Bradstreet

ufler 0 Fortis incls construction new high record despite the 1,309 business executives-that fart that the building Industry, a majority looked forward has gone through eight years of higher sales in the first quarter

of 1955. Nearly

the hulf group anticipated higher profits after taxes and only 13 per cent were looking for lower sales.

World Cotton

Markets

New York, Nov. 15. Cotton futures today siended, after a mixed start in spasingdi. vally active dealings,

Closing

net

canvis t

IMPRESSED

LONDON

futurea

ARHNO

27.20

nurket WDS qitet mus

21.20 251 600 m 120 | stendy with 5p0 No. 1 Rs2 5500273quated nt 251x pence per lb.

18.

1500

28.30 No. 1 nm apol

500 2015

Settlemont house term

Prices:

aession.

widest

tn All departments jolted in the

High-priend ! modest decline. issues ng a

group showed the losser. A handful nt

STORES, ETC.

Dairy

Watiert

18 20 18.40 1000 A 1340

Dog

L. Crawford 20

December

0.00 7.10 3000 Nanyank 10.30-10.39 2000 » 1050

MiscELLANEOUS

Youtze Allied

1

Jon/Mar.

| Apr/June

3000 or 10.20

July/Dept.

5.00 0 3500 6,90 4274 4.33 2000

foxliler

stocks countered the trend with corrONS good gains.

Today's decline was the first of note to the string of going which followed the election and i

Business observers contuurlified industrial shores to new to be impressed with the en-high

• Thusiasm and vigour of the American public in stock-bug- ing.

new

high

Oct/Dec.

General market 430 November December

Exchange Rates

January

Entate crepe thin

2021-20

2496-2472

2414-242

eir hasia, ports:

AMSTERDAM

*

237-23

2411-5-1/0

24-5416

ground in more than 25 yours.

The retreat was orderly, Market men continued on the favourable site,

A number of stocks responded to favourable co porate

Busin developments. Fore- ;

was done in the local closed casts of a sharp business

up-unelal exchange marke! thin

morning at the following ratenime kilogram, CIF Dec. as follows: The turn also continued to help

4.42 market.

15.73 No. 1 rubber. 16.30 No. 2 rubber No. 3 rubber

totalled *Transactions today 3,080,000 shares, compared with last Friday shares 3,720,000 which Wits the largest since

ISSUES TRADED

Trading so far this your has averaged" Doore than 2,000,000 shorts daily. Recently this wech for three consecutive sessions--the volume has run lo more than 3,000,000 shares.

1f the 1954 average continues sules remaining sessions, for the for the year

will

be above 525,000,000 shares, just topping January 17, 1951. 1050, and setting a

Of the 1,254 issues traded to- plusco 1942. Valuation of all Hater

stocks is well above $150,000,- day. 543 closed lower, 458 moved 000,000 for a record high. There higher and 253 held unchanged.

shares sted, Internationst

fed Telephone are 3,094,080,000

In turnover with record high, AL the rate the the market

80.200 shares changing. market is going it will have

gain turnover of about 17 per cent it closed with of listed shares for 1954. That pain's to 24. Pucifle Western per Oil finished in the second spat compares with a mere 12

be on 08,500 shares and it closed i cent last year and would

improvement the best since 1950 when it was with 23 per cent and otherwise the 5 points to $384. best since 1946.

hands. of 1%

of

alpot at the day high the list was up 5 to 22 Upining prices points were off 2 to up 6 points, New Orleans elured up 9 to 20 points,

An alitement of last week's urgent selling pressure. replacement buying on technical reasons, and short covering put prices un an Irregular upgrade. Assumption that the On The heaviest 334316 of the initial markethut season was over, some quarters, thought producer selling hereafter might be more apt to et 1.400 20 presens two French Conict operators

appear on a scale-up basis. 281,000 index, will have to be reimbursed

That Idea was encouraged by

Building Irsues turned strong eght tones touted the, either under an amicable agree- Atalisticians who pointed ውሳኔ 1 rkl.

Probably dividends and corn- today after General Portland thent

B a result of court

that the Open market price is

Ings reports have (1 The new central, 120ft. high, action

greater Cement directors ordered a high There is sune ques you within

a slim margin of the own alterati" - purificar seen contred tower at London Alp

to whether a court action Government loan rate for the effect on market behaviour than dividend and voted to split the It closed any other development. And it stock two-for-one. repurate port is expected to raine

into would be bused

British southern markets, a situation

has been #ttracting Investor with a gains of 4 points to $90. bebt, it til Berlt - navarr above operation next March.

Freneti Jaw. It 13 pos- expected to one-urage producer consideration, apparently, Cash Molor shares were backward, line of lights, Th

From the control 100m the sub: that * International Impoundings.

dividends from common stocks but tosses were limited smali to trout, and men who issue the tanding andl Chamber of Commerce will be knows that be as he takes corrective betion When take-off Instructiona

04 the New York Stock Ex-fractions. to pilots asked to decide which applies. hs 1ph/ is aligned with the will be able to sec olt round 1 French law is applied, the interests in the Exchange today change 153700,950 in the first Oil equities moved irregular

ing $4,458,706,050 row at lights, his

ly. Superior Ol of Californin, clainnuts the airfield.

will have a belter were:

nine months of 1054. This was a wide mover, jumped 15 points Already airlines have

been

chance, experts feel. It is ยก

un-

Open interem the 12th consecutive year kely that compensation ques- frequencies are tu be tion will reach the court swige,

however, since it is believed | Mas

[+

camer

Tights

Jakes

an

thegle

CONFINE

I

The

Sonder with

...ul

→ Tow

both sale.

..

''ן

abreraft

cvening to at the right angle

Three Squadrons

The 1iཀ 4301 machi

19

Trading volumes and opin

worned that changes in the

Montli

volun

De

447.700

41.000

Mai

73,800

920,400

$0.600

031.000

to are

move in

And the men who control air that the Brlilsh Government is

all the south Lyr

of most anxious that amicable without to settlement be reached the legal netion.

July

474800

Dei

5,703

102.200

Dix

Ma..

B.100 1,100

0.400

01,300

220301

NEW YORK

But her are at present at Uxbridge.

These controllers, rivit and H.A.F. working

hand-in-hand,

enrriers trafike aimeraft

three England accumimoidate

HIM.S.

London Airport at about used as a spine lime,

Fuadrons of alert.

Bulwark la

trials o traming enrries, she will have no sperille squad-

rons allocated to her.

sister-ship, MS Albion, howe

Winter Flights

of

Total

2.707.400 bales

ph

The market was onder. Prices

today in guilders per

1.1. dollar (ver $1). Sterling noles per

Tudeerless rugiati (per 100)

Slam fiewis (per 100)

20.30

Singapore (Sienits) Indo-China plastres (per 1001.

1.80 0.07

No. crep

3.34 buyers

United PreRS.

Britain Making New

Trade Arrangements

With Satellites

By K. C. THALERD

London, Nov. 15. Britain was busily engaged in

new trade arrangements with Soviet, satellite states in Eastern Europe today.

Experts believe trade with the satellites can. be expanded without infringing on the security wan embargo which bans the export of strategic goods

to Iron Curtain countries.

in which dividends hit

new $700. ก

The New York Stock Ex- and the peak for the period,

bond volume 1994 total was seven per cent change

$5,150,000. the $4,185,580,000 ' dis above

The American Stock Exchange bursed in the like 1953-period,

volume was 040,000 shares.

DOW-JONES AVERAGES BANK TABULATIONS

Dow-Jones closing averages on The same strong earnings re- Wall Street

weru today In the follow reflected was

tation 30 industrinks National City Bank

20 ralls of the reports of 719 companies

15 utilities which shows combined net in-

Prices of futures closed today cord at follows:

31.73 34.10

34.47-48 3176

34.70-7A

34.42

Spol Deerinber March May A.lv Deinber December March

34.47

NEW ORLEANS

como of 1,935 million after taxes in the third quarter, down 2 per cent from the previous 1 per cent and down quarter from the third quarter of 1959. performance The third quarter

This winter the. majority, Mr Norbert E. Nowe, 56-year- | trans-Atjuntle Gights will be serving with the Mediterranean old technical director of Black- operatest

combination- with Fleet, earries a squadtron of burn and General Aireraft, is class aircraft. The only carriors Howker Sen fick interceptors, to be next year's president of not using this configuration for one rquadron

Westland "+f

he Royal Atronautical Sockty. at kast some of their flights are Wypern strike aircraft, and one Fourteen helicopter operators B.O.A.C. and T.W.A. (El AI meeting In Montreal, and Loftleidir necessararily use well as hellcopters for rescue headquarters of the Inter-nc-0053

since they aircraft national Air Transport Associn-operate

tourist flights). only

Prices of futures closed today lesued provided tion, to irish out some of the The advantage of the two-class with huge airevant lifts, driven problems about operating hell-aircraft is that it enables then follows:

y electric motors n 100 horse-copter passenger services. airline to operate higher fre- Spot power which fýrry aireraft to

of anti-submarine aircraft. as

duties.

The new clang

are now

Chairman

A new type

made of gold, will bu

lex Company. The gold nim is the Philippine government transparent, and

to Siretocruivis

December Marcia May

.October

December March

as indleated in earnings reports to date "reficels the which overall near-record

hila been economic activity

the Bank said.-- maintained," 3440-40 United Press.

13.65 34.10.

34.73

34,74-79 | 40

34.39

30.47

34.04

American in pence

Dec/Jan!

Mar/Apr.

May/June

July/Aug.

21.00 31.00 31.90 31.06

Oct/Nov.

31.01

Syran No. 1 confler-gióned

Omolal values, for spot -pottant Include:

2160

Syrian No. 1 saw-ginised

New York Sugar

Market

s

378.74 120.03 60,21

The chief idea behind these moves is to secure imports of non-dollar foodstuffs and raw materials from the European East.

But officials concede that the The new pact with Poland scope of Iron Curtain trade is alms at annual 'overage overall limited bremise of the security British imports of £20,000,000. 130.00 embargo which Britain respecta (US$50,000,000), and at £7,000, 05 stocks 40 bonda

100.93 en the one hand and the short- 000 (US$16,000,000) Comum. future price Index 173.20

46 -United Pre

of exportable supplies of the expert's to Poland, Communist other.

Chicago Grain Prices

countries

on

the,

worth rest The plan is to leave Poland sterling There are no laufcations at ng balance of some 13-

(US$30,400,000)

to present that Britain would be allow her to pay off debts willing to extend long term and commluments arising from credits to the satellites, some of nationalisation of British whom are already heavily in property

debt because of prewar obliga- Poland has also undertaken to Toas Chicago, Nov. 15.

and of commitments

pay £5,403,000 ; (US$16,303,000) nrising from the nationalisation to Britain for outstanding debts. Prices per bushel in cents:

Closing prices of Britisiy property. Wheat. No. 2, red Spot

Dec, 227 tt) 22817(L)

Mar

May

July

Bezil.

2:414

Corn, No. 2 yellow

149

New York, Nov. 15. Bpql

of the meeting Is quencles for both classes, and from the hangars under the Captain Anselmo Vernieuwe, of Air France will use combina- deck, where refuellar and cer- Sabena (Belgian Airlines), who tion class Super Constellations July

Is carried out. vicing

ILMS. this summer new a helicopter on all flights to and from New wark is fully equipped for from Brussels to the South York

for the luxury except night firing, with a comprehen-Bank, British European Airways Golden Parisian schedule which

LIVERPOOL lighting fight center parent for the will be taking part in the talks. is operated once weekly. There

"fore-path.

will be a twice-weekly

com-

Future P. I. Service

closings. of rafety-glass,

Constellation bination class

un middling, 18/10 inch, which incorponiter a conductor

service to Montreal and her Hb, were as follows: World No. 4 sugar futures De Scandinavian Airlines System | D.0.A.C. will continue produced shortly by the Triphos received permission froin operate first class lights with

closed unchanged to one point Mar touristser

May. higher with no sales reported. when used carry traffe between Europe vice with Constellations. El. Al's

Domestic No. 8 sugar futures Bepl. for an aircraft windscreen, for and Manila, but not between vs heross the Atlantic are all-

closed : unchanged to 1 point Rye example, it is claimed that the

the Manila and

Its tourist 0TICH pre flown Tokyo,

With

lower with sales of two "con" Scandinavia-Japan gloss

will require a lower

Constellations. (borld will use.

tracts. voltage for de-icing purposes. Air France

and

combination-class Super Con- than any, other known material, maritime silll have three and stellatians for all disi Now York

gold

two Comet

respectively, sighia, Kala.Mwil

will operate onarition of an inch their on their annda

Taking into mont ite

of 'trans-Atlantic flights and first it is applied to tough- nccount losses suffered by the this winter with combination ened glass. Tho glass is then immobilisation of these aircraft closs Super Constellations but laminated to any required since last April, training costa, there will also be a few all cause of a holiday."

iny" tourist" Constellations "and" - alle In the United States the Lion|uverngo ptice of 15/16 middling

new

outer

firit Super Cór

thickness, with the film on the end the initial Inner surface of one of the it in estimrintou, that the

''glanson of the” Jarmination. (havo 'cost' the two French-air-, schedules. ALL KLA Next, the pangla of gold-coated lines some $17 billioñagazines and, larough Maniwal class uro, made into a completa haya cost UMT more than down with combiastion-cas Mircraft windshidid, together they have Air Tranen since the DC-63*/

Others was unchanged

MAM SAO PAULO

Future closings were: Contract No. 4 (world),

Prices were unavailable, bati la g

to collon at 101 desinaton

{maciesla wram 29.97 benjami

nt theo centros totallod 7,00 bales, United PAN

Des. Mar.

Dec.

· No. 2, yellow

REDUCED LEVELS

Following the conclusion of n of a new trods and financial agro ment with Poland, last night! But even at the present re- 3264-Britain has started trade talks duced levels Britain's trade with with Bulgarin and is considering the five East European satellites. negotiations wi Communist has reached a total volume of

£32,000,000 in Rumunia, the Government an nearly 15624-nounded In the House of first nine months this year.

This does not Include the trade with the Soviet Union |which in the same; period. reached a total of £34,000,000V 2.

Commons

OVERALL VOLUME,

Britain currently maintains an overall trade volume with the Esit, European sintes, Poland, Czechoslovakia', Hungary,

the

In nearly all cases. Britain' has unported conalderably more

Romania Bulgaria at the fiven the sister Umm, she has estimated annual rate of some experied to them. The ateliers anual on US$112-Collar: source of supply for | constitute; on!" important-noi- 060,000 with Folana

Britain of foodstuffs, timber and Comportant the cutest some raw maurials

shown: an Iherence of British "The exporte exports this year, but a fall, of machinery, ?ialectrical 131-143#, imports from that country which; chamlani Manda

Iain leading" wupplier of food- quantity of consum

United Pres