1954-11-23 — Page 9

THE CHINA MAIL TUESDAY, NOVEMBER 28, 1954.

OUR WEEKLY AVIATION NEWS

The

Vickers Viscount for

Issue

which the United States has agreed to American Certificate of Airworthiness after protracted negotiations.

An

American-British

Accord

Viscount

Agreement

between, worthiness

from

upshot the promise

On

C. of A.

Wh

TRADE and

COMMERCE SECTION

AMERICAN ECONOMY World Cotton

Businessmen Optimistic Over Forecasts Of Continuing Progress

By John Morka

New York, Nov. 22.

Problems of world trade occupied the economic spotlight in the United States last week' as 2,000 business executives, importers and in- dustrialists heard optimistic forecasts of reports of continuing progress towards a more liberalised and less restrictive world trade.

At the same time, the three-day assembly of the National Trade Council heard pleas by ranking U.S. Government officials for the removal of cumbersome trade practices and for the im- portance of obtaining for Japan full partnership in the economic life of Western nations.

10

are eager

Underlying these world-wide in giving aid to U.S. exporters. aims was strong sentiment Government officials among American business>< to help them compete, it is noted. that the US. Government muust

1: plan is to set up a private give them stronger assistance in

corporation in which CXpri financing

exports

meet

Bims would hold stock. The foreign competition. At the

involved would itcris

include same time, there was consider-

M machinery, com ruction equip. able emphasis on the necessity for the U.B. to take the initia-economic growth of nations.

ment etc. that would help of the stronger tive minimum, so that weight, drag enused bry

Creditor nations of Ux world in parts project-

Retall trade leg from the aircraft's fuselage, promoting world trule by

lift- this

week as more Christmas ing some of its tariffs as a prere-shopping developed, are both low. In fact, the nine

the quisite to freer world trade and displaying their separate components of radio compass together welshultimately to currency conver-earlier this year and

tibility in an increasingly larger porting good demand for scale,

variety of items.

only 74 lb.

and

|

الله

Üne

of U.S.

emerged abroad development soon after the the Civil Aeronautics War by 1.C.A.O. of a Code of Administration of the Airworthines standards when promised that certaleation 13 USA and Great Britain's one country of an alreraft built always Air Registration Board to another's standards,

both countries

Two interesting

de- Safety Cinder lopied the LCAO on the conditions under tuning that

In the In the vices are incorporated

radio compass. When a pilot is which the Fiscount will would speedily follow.

be flying on a bearing given him and the subject be granted an American fullled.

by the Instrument to lead him Certificate of Air- came one for consideration be

his destination, tween the two major producers

the Instr worthiness marks of merchant siret at the USA. mest automatically warns him

the U.K. The British

transmuting success of negotiations Authority advanced the prin

station goes off the air. Second- of reciprocal validation-ly, to avoid the possibility that reduction in foreign old as such which have been going ple

might

the dy In that either Country would on over many months, validate without quattention opposite direction to the correct of Airworthiness course, along a reciprocal bear- and opens up a yet Certificate

ing, a check button is provided. further field for ex-

When this is

pressed, if the pilot notices

decrease In world- ploitation by a

his bearing is

the

famous airliner. It is a tribute to the skill and

the

issued by the other.

taik with their

A NiTies the

(xchanges touk of understanding of

place with the Civil Aeronautics airworthiness experts of

visits Administration. Many both countries, and un- were paid by the Board offietais derlines

critical to

opposite at a point in its history the numbers in the U.S.A., and the unrivalled knowledge and ability of the Air Registration Board in the gas turbine field.

that

the

Americans in their turn have come to England. The de Havil-

thes

pilot

ground

signal strength, correct.

the

than

Personal

Brazil's Wheat Requirements

Rio de Janeiro, Nov. 12.

Edmundo Barosa DA Silva, chief of the Foreign Ministry's Economia De- partment, announced today that Brazil' whent quirement for 1935 will be Billed primarily by Argen- tins, Uruguay, and Russia,

16-

He said Argentina would supply some 750,000 tons, Uruguay between. 300,000 and 400,000 tons and Kussta between 200,000

Pro-

and 800,000 tons.

Russia this vided 180,000 tons through Finland which served as a trading Intermediary.

Meanwhile the Bank of Brasil announced that s proposal for a commercial agreement between Russla and Brazil has collapsed because, of the nature of the payments account pro- posed.—United Press,

World Rubber

Markets

HONGKONG STOCK EXCHANGE

*

Markets

New York, Nov, 22. Cotton futures became more of o two-sided affair today, with nearby: positions declining as later monthe edged upward..

At the close the list ruled 16 points lower to 1 point higher. Opening prices were off 8 to 24 points. New Orleans closed on 13 to 3 points,

Evening-up operations in the

(From Our Correspóndant) December delivery, before first notice day tomorrow, included

transferring to some outright liquidation and the inter positions

Business done on the Hong kong Stock Exchange this mrning mounted to $505,930, Noon quotations and the mernihi's" transactions;

The new crop months showed relative steadiness partly

buying

SMARÈS HUVERA KELIERİ sales replacement BANKS

JIK Bank 1000 1000

INSURANCES

Inion

100

Against soles of December and exsutaners of a 90 per cent of parity loan 1070 on the next crop.

Trading votumes and open interests in the Exchange today

915 #220

Lombard

40

DOCKS, ETC.

K. Whart

71

1900

Dock

Alonth 29.70 500 g 23.00 | Doc.

Volume Open interent

57,200

244,100

Provideni

Mar

67.400

234,700

(ow!)

14.00

May

28.900

972,200

Whenck x 0.3 1.05 1000 is 3,03 July

12,000

441,300

LAND. ETC.

Dec. Mar

1,300

14.700

200

14,500

170,800 2,794,000 bales.

HK Lan

HK Hute) ......113/19 13.30–200 49 13.30 | Total

S'ha Land

Humphreys

UTETITES

12.DO

The Furry 157 340

Stor

Ymatt Ferry 155

C. Ught (0) 1815 10 70 000 8 15,80

Singapore, Nov. 22. The rubber

closed market slightly higher after the day- was picking up long quietness. Fature closings STORES, ETC.

No. 1 rubber pai

Stores are holiday goods

Are

1-

wide

NEW YORK

34.30-32

34.54

34.54-30

94.20

34.24

34.3

14.50

© 01

000 1,40 2212.0 3200 23.00

Prices of futures closet today

as follows:

204 t 150

Spot

39.83-84

Dec.

C Light (N)

1315

Electric

{10

2 w 36

Mar

May

*Tekpions

29 40

500 g 20.40

July

Ort.

INDUSTRIALS

Cement Farme

396

Dec.

HT 20

Mar.

Dysry

201,20 20.90

GOU

20,90

0124-821. 31-35-10-02-1/18

unquoted

A!%81%

Wat

1700 40 100 in {.. Cmwford 22.40

: COTTONS

Nanyang XD 1,93 1 Hour 10,

Prices of futures closed today.

as follows:

Spot

$3.40

2000 2.95

Dec.

2000 10.

1901-003

Mar.

No. 4 rubber per h

Dec.

70-44-794 Spot rubber unbeled 0124-824 Blankel crepe...

76-76 50.01 No. I pale grepe

MISCELLANEOUS

May

Allies!

4.234.7 10,000 G

July

Oct.

Dee

Mar

וג

Jati

Feb

No. 2 rubber p

Dec No. 3 rubber per tb.

Det

AMSTERDAM

Despite these global aspira-

TOY BUSINESS tions, stress was placed on the

continued necessity for

sireng The toy business is reported lovel

exports, f excellent this year. Practical increasing dependence on private gifts also are in demand this capital anther

Goven-year. as well as some luxury ment funds in economic develop items.

income is at

The market was quiet. Prices ment programmes, for a general high levels,

els, unemployment is down, and a renewid confidence closed in guilders per kilogram,

CIF December, sa follows: and for a world-wide lifting of in the conemle future may

No. 1 rubber trade barriers.

Induce consumers to spend more Noi 2 rubber and save less than they Have No. 3 rubber boen doing. according to No. 1 crepe economists.

MORE HOPEFUL

Backgrounding these points, WDS the overriding conviction among delegates that a strong U.S. economy and a continuing prosperity in Europe were basic to any

fundamental wwerhaul

pat crns,

And in the next few weeks

2.38 nom. 2.34 noin. 2.33 nom.

2.50 nom.

-United Prean,

there's bound to be inure steel LONDON STOCK production if the current demand is any criterion.

of world trade practices and Steel and the auto industry

Airways African The West

three Corporation has ordered de Havilland Heron Series 2 its aircraft for

network

in Nigerin, passenger services the Gold Const, Dakar and the Comcroons,

When the airline began

1940, operating in

de Havilland U.S. with equipped Dover, but the growth of trate has now made a larger aircraft The safety margin need provided by the four engines of the 'Heron' will be of great value in fights over the swumpa and forests of West Africa,

necessary.

It was

L.A.I. will use a combination- class configuration in all but one (the luxury weekly Diplo

Businessman

at- in

forecasts of high level of operations next year.

Elsewhere, it was a big week practically in American business.

Tun

PRICES

New Union Guldfletcis Debrem Consolidated Mbies horenian Anglo-American Rhodesian Broken 10

£70-9/16

417414

13/

41/-

1/5

115/.

10/

17/

Untied Press

are considered key indicators of

London, Nov. 22, Wrdance were generally more the U.S. economy, Steel mills hopeful than in months about have already found it necessary day as follows:

London stock prices closed 17-

the prospects for further pro- to ration cold-rolled steel sheets War-Joan 35 press in this connection, buoyed to their customers,

especially Japan (1924)

In-

Canadian Eagle Dit in part by the rising plektp in those In the automobille

Asociated Manssnese economic activity

Auto and dustry.

like makers,

Hammery Gold Mining many other users of steel, have Anglo-American Corp. permitted their inventories of st:el to

Бо low they are operating on a hand-to-mouth basis right now. Steel operations reached 80

Competition for new business per cent of capacity for the best connues all along the line. Ad- Production week since

the vertising budgets will reach top middle of last December.

levels next year, according to a Wall Street Journal survey, as business leaders jockey for the competitive edge." of 103 big

companies and its

surveyed, New York cer budgets for nextMontreal 07 plan bigger year, Nine can't or won't say, Amsterdam

Brussels duction Paris ******

Automobile componies con- tinued to turn out new models at a fast clip. They plan to con- tinue of a rapid rate into 1955 build plan to and

WORLD WOOL

OUTPUT

NEW ORLEANS

LIVERPOOL

American

Futures closings, middling, 15/16 inch, in pence

Washington, Nov. 22.

theper ib. were as follows: World wool output for 1934 season is estimated at t Dec/Jan. reccrd level of 4,430,000,000 Mar/Apr. pounds, about 10,000,000 pounds May/June abave

in July/Aust. preliminary forecasts Oef Nov. June,

the Agriculture Depart-

Official values for spot cotton ment reported today.

included: This estimate represents an | American middling 18/18th inch,

Eth theha increase of 70,000,000 pounds Mexican middling 1-15ind over the 1953 output, 460,000,000 | Brazilers. Bao Paulo, good/t above 1950, and 500,000,000 | Syrion No. roller-ginned above the prewar levelUnited Byrian No. Baw-grined

Others were unchange Press,

Press

Two Per Cent Decrease

In Rice

London Foreign Production Predicted

Exchange

Dove was the first aircraft qualify for U.S. certification, accomplished after thorough in vestigation

No by the C.A.A. egreement Was the secured Actual certification of the Bint the U.K. Certificate of Viscount in the U.S.A, will not | Airworthiness would automati- fake place until one of thecally be accepted for any type aircraft is available in America | of aircraft by the United States, for inspection by the Civil but the discussions pin-pointed Aeronautics Administration, but the areas of disagreement be- this can be Hille more than a

tween the two Authorities, and formality now

dis- in mid-1950 they agreed on re- the A..B. ciprocal cussions between and C.A.A., which have gone engined aircraft.

of a strike in the industry in the Atlantic DC 8/03 trans deep into every aspect of safety

schedules. Loftleidir continuespring. Auto dealers new cors enly four planned a

Bre now about 302,000 in advertising-United Press. and airworthiness, have reached Turbine-engined aircraft were to By Its DC-4's us all-tourist stocks

specifically excluded. Here aircraft. All of Pan American's below the year-ago level. Begotiation proved more diff. Strabocruiser flights across the

Construction ecalinued to gain. cuft because the CAA, had nu Atlantic will continue to be code of domestic requirements operated as first-class but ten Figures avaliable for the month show a substantial for them. Urgency was imported of the 24 trans-Atlantic DC-8B of October

with gain over last year. die discussiona when schedules will be flown Capital Airlines placed their

the your 1854, building combination-class aircraft;

$37,000,000,000,

Government economists geherally next year will be up seven per cont from this year's top.

point

Indications that 1055 will be an

validation of piston- mat flight) of its four weekly inventories against the prospects23 report little or no change and Copenhagen

a satisfactory end.

into

under American rules of the air before considering the award of five weekly DC-8B fights

For the will botai new. record

The agreement means that order for Viscounts. Twenty-six remainder will be all-tourist. high. Government experis the Viscount can be operated points nrose on which the

with C.AA. required satisfaction

Sabena will operate all of its

most patient will also be one all-tourist DC- rules which differ somewiti town, cicared up misunder: four luxury Royal

S'pore Boosting Cocoanut Oil

Industry

Singapore,, Nov. 22. Seven Chinese millers have

Stockholm

West Marks Zurich

Others were Press.

London, Nov.

2.79/16-2 its

7.709-2.701 10.9114-10.0135 130.671-130.7215

19.43-10.43%

0003-0804

14.5833-14.50

10.7019-11.77 12.21-12341 unchanged-United

Washington, Nov. 22.

An overall two per cent decrease in world rice production was predicted today for the 1954-55 season in the Agriculture Department's first official forecast.

Considerably smaller crops in! India, Pakistan and Thailandį. are expected to drop the world ribe output to 282,300,000,000

New York Foreign pounds, despite production gains

Exchange

New York, Noy,

England-unofficial

oper American Cerfincate of Air- combination-class aircraft therent to the optimistic forecasts combined to put Singapore in Switzerland

an

without any significant

onal or

Naturally,

under

economic penalty thir

the aircraft will things. By

effort the ARB. whittled them 6B schedule. SAS will perforitianes

operate

in

.

for

or the construction industry as the coconut oil export trade in a big way and offer serious athar Becond-best year for competition to Heighbouring

1953.

*

countries.

Uruguay

India

200-310

3080

United Press.

LONDON METAL PRICES

Molier

in other hemispheres.

Ď

The world crop for the 1853-

reason

was estimated at 260,000,000,000 pounda The

·postwar averago has been 220,- 000,000,000 pounds.

·Chicago Grain Prices

Chicago, Nov. 22. Prices per bushel in conta

wheat, No. 2, réa Spot

During the current season tho United States is expected to Mar. harvest 18 per cent more

thắn

rice May

Bept."

229%(1), 220CL)

In the previous · record yeur of 1933. But the 6,175,- Com, No, 1, yellow 800,000 pounds produced by the spot United States is dwarfed by the 231,048,400,000 pound, oultum May

from those obtaining in Great standings, and gave the required | flights and avec New York. Í business a little botter than this Britain.

Alghts weekly to For one thing, there ismiraboos must be a slight reduction

but not quite as good as The two Los Angeles Los maximum

inke-off weight on This achievement is not yet: wwill

The new company, styled it- be operated 2.4 American routes where the reciprocal validation of Certi Boyal Vildings

self as the Singapore Coconut

London, Nov. 22. CRUDE OIL shade Lemperatures

Oil Bulking Company Limited exceed catcis of Airworthiness

All metal markets were steady, Atlantic for SAS

fights are dpdr 100 F. Such temperatures are taine-engined aircrafts as a

has facilities to handle bulk today. Prices closed in sterling atch with DC-6B's Swissair

Crude oil production rese on

to British, per long ton as follows:.. very rare indeed on the routes; clase, but British experts con will operate che first-class, ce the work but was higher than shipments direct

of Asia, which is calculated to y operated By Capital Airlines, idently expect that the Viscoun: tourist-class and three combina, la year ago,

Pétrol production Europan and Canadian ports..

buyer, produce 88 del cent of the Bapt. Ti pot which is purchasing 40 Vit- dgrécenent points the way to flon-class trans-Atlantle... flights || Bioreased but use continued su The Chaliman, Mr Lim Kum-month

717% world total-United Press," counts,

274 the broader arrangement within weekly (all with DC-8B%), Ali | Hith that inventories of the fuel teck said his company has al- Copper spor

3-month

265 the next few years.

of TCA's trans-Atlantic flights. dedined. So did stocks of fuel ready exported a total of 888 Lead November will

valued at fone

$720,000 combination-class Super Con-

tho biellations. T.W.A. will continue" to operate all-first mentholet-l tourist: Constellations 00 Atlantic.

in

The Air Registration Board is the Independent authority the United Khidom to whom the Minister of Transport and Civil Aviation has delegated responsibility for issue of Certi

☆

..

contatie.to be down with all sind 1 month of October, (Malayan dollar).

期 showed production

Eight motile tanks each with two por cent over the Eeptember but it was still five a capacity of 41 tons daily

per cent under

transport oll from the mills to Aking with a rise in business the bulking Installation from. Volume for the week, the stock where It is pumped into steamers

moothed with activity. equipped with bulking tanks.

ficates of Airworthiness. The which helps pilots of jet air new company known is A new British rádio compass, Bear

at International

represents Britain

Civil Aviates craft to find their base at high Jamaica International Airlines

meets speed, even in bad weather, is Lid, was formed, recently Organisation divisional

Its form and methods now available for civil aircraft, Jeria can and U.B. Interesty, It Vagy has requested perrojalicis. From

ings.

Made by the Cdheral Electric the Brith authorille to op

derive from those proven över

many years in shipbuilding the Chaparry the Instrument was at tiled pa ARB, may claim to be Lloyd's of the air its Board re: depped in cooperation with freight ervices betwe prerasts users of merchant Alre Loyal, Mirerait Eatablish ston-Montego Bay craft, manuraculos, marers, Hebel

and

general public

Brabazon!

1 interreted by"

in the Wednesday son

7103

.

Mar Data

1071

zine November

February February

104

H

United Prowe.

NEW YORK METALE

New York Sugar Market

Mar

Kaysenas, No. 2, yellow

Nov.

Jan

Mar

May

New York, Nov. 22. FUTURES UN World Nor 4 wüzar Ktures BOD

New York, Nov. 22. ploted today unchanged to one, Prices of metal 'nlures closed point lower with sales of und

July

Barley,

Spot

200: 30%, mož

Now,

14.011

14,000

Nov.

Domostid Nó, & suger dulurés 126 closed unchai

Ziné

Nov.

103/b

Capper Nov.

12.000

ange

ainst the four-million- The oven mills have be- today, as follows In cerita per ibi: contract.

Prices bumped the 'ween them a milling capacity Lead but just missed of not less than four thousand | TRA

soha pornionth United Press,

1979.

PRICES NOT

AVAILABLE

Clóging Prices

LONDON, PEPPER MARKET