1954-11-30 — Page 9

OUR WEEKLY AVIATION NEWS

: THE

CHINA MAIL,

TUESDAY, NOVEMBER 30, · 1954.

-

·Page 9

The new Canberra, known as the T4, has been adapted as a trainer and is claimed by The Air Mininte v an the most powerful of its kind in the world. Side-by-side seals Freally

accelerate modern training methods,

Canberra World's Most Powerful Jet Trainer

Two Vickers Viscount 700D airliners have been ordered by Hunting-Clan Air Transport Limited under a new contract. The company already had three of these successful turboprop airliners on order, the first of which is due for delivery in the spring of 1955.

It is believed that the popularity of the "Viscount" with passengers on British European Airways. Air France and Aer Lingus services has been an.important factor in bringing about At present a total of 157 "Viscounts" have been the repeat sale ordered, worth about £45,000,000. Of these about two-thirds are

for export

Home T Comm..

Royal A# Force

equipped with DOW

which i

い

1-

the

The Vietn

pintotype.

Itow FJF. Douglas tsaber.

Bagish

***༥、

JA

Elecl Canteen T4. which alled with sickestev skorjen Basravior and lyts propal

To upitiy

Learning ITUEENS

The

weldum maurhason

ke

are

I's

ددا

TRADE and COMMERCE SECTION

་ ་

Tariff Bargaining With Much To Be Thankful

Japan Expected At GATT Talks

London, Nov. 29.

Some delegations in Geneva for the current session of GATT visualise the forthcoming tariff negotiations with Japan as the possible focus for another round of multilateral tariff: bärgaining, says The Economist.

It is evident, it continues, that a series of bilateral deals with so important a trading country as Japan could readily acquire the character of another typical GATT tariff session.

The demand for such an has also been inooted exercise by countries that have no wish to extend the tariff "bindings" beyond thefr present expiry dale on June 30 next, but re- quire

some re-negotiations of certain items before they agree to an extension Đ the period for which tariff stability in to be gamontcal.

Among those who argue thus, according Lea The Economist,

World Cotton

Markets

New York, Nov. 20 Cotton futures started the new week with mixed price changer In spasmodically active denimps, Swaying over a enge of im paints, the market maintained an

most of steadiness overtone f

apart from 11

forward May delivery, when

the tom

'19

NUW

dealines commcneed inst week.

are countries with low tariffs. They have no wish to deprivo themselves of all their bargain- In weapons by stabiliring their low tariffs for another two or three years.

QUICK

RIPOSTE

In

10

Private Burmese

Rice Deal

The

Rangoon, Nov. 29.

Bermoso Govern-

mong announces that

milled Nasirein rios from the 1933 crop will be sold

privato

trade for expert without restriction on the destination.

to

The Stato Agricultural Marketing Board normally monopolises rice sales and exports, but Burma NA been finding li inervasingly dificult to dispose of old stocks.

In

addition with the new crop about to be harvested. storage space is becoming Itmiled.

The price for 1953 crop FOB Burmese ports ranges from £28 per long ton down to £23, depending on the quantity.

The announcement sur- prised the trade bere, an 11 was a complete reversal of the former polley of main- laining the monopoly of Burma's biggest exchange earner.--Reuter,

HONGKONG STOCK EXCHANGE

The Economist also discusses the United States' role in Japan's arcession to GATT.

its intention announcing negotiate with Japan, I says, American Administration has delivered

a quick riposte and rebuff to those who had taken toe Herally curlier re ports from Washington that, in view of the minute scope for tart concessions that was left ta it under the Reciprocal Trade Fait

лет no useful negotiation with Japan would take place.

They will take place, saya (From Our Correspondent) The Economist, but whether

Business done on produce useful and they will

the Hong- substantial results. the early kong Stock Exchange this mμhn- $984.469,55. ing

to amounted Noon quotations and the morn- Ing'a transaelions:

months of 1956 should show.

DOING ITS DUTY

For During Thanksgiving Week

By JOHN MORKA

New York, Nov. 29. U.S. business and financial circles had much to be thankful in Thanksgiving Day Week.

Auto manufacturers' output moved into high gear as inventories were at their lowest levels in over two years. Steel business looks better than at any time this year. The chain reaction in these two key industries has even set off a modest recovery in the hard-hit coal industry. Employ- ment is up. Industrial production is up higher than seasonally. And prospects for 1955 appear more favourable from month to month.

But Wall Streeters this week

-mor

optimistic Bran Is! | DIGBERS--buzzed with excitement

and speculution 1 evaluating: The Impact of the rise to a new record high in the Dow-Jories

hstrial average.

According to the sophisticate of Wall Street, the only thing

that can smush this market the re-entry of the

Kenrol

pubbe on the same scale AS 1029.

Another factor

that

NEW YORK

STOCK

MARKET

New York, Nov. 29, Industrial and rail shares.

could! pitch back the tying would be!

hardening in

money rates rose again today in the which could be necomplished stock market, despite some the federal Ieserve Board, it is

110

ahemi

in

recent emphasiseg. Market experts saw profil-taking

current strong issues, and closed at margin rates of 50 per cent and another new they looked for a continuation for the industrials in

all-time, high of the present easier policy.

money

average,

their

Rails Wero nt since July 28,

The problem as the financial their best district

The sitration is 1930. when will the hate traders who like to speculate be attrnelect

Trading continued active, with the market. The analysts Initiat volume again forcing that as prices rise, tekers 10 run inte, and total turnover for the day 3.300,000 shar, compared with 3,010,000 on Friday.

SHARES BUYERS SELLERS SALES

1K Bank

1383

10

19. 1873

LJ173

202

East Apa

in publishing list of some Closing

the it ma rally

200 hems on which it is pre- BANKS finished I higher to 2 pompared to negotiate with Japan lower after the May delivery and indicating that it may offer had dropperi as much us 16 jari concessions to third points. Opening prices were upcountries in exchange for any

to of 4 points. New Orlean

they make to Japan. it con- elused up 13 to off

tinues, the United States is, within the limits of Its

brokers

point

accredited rollers of new May. 1 constitutional powers, content

the Hepuble COMIT

lave A40. North Cousel H1's. they American PJ, Martin 1857 (the stated that they no longer want a kammed by the Au terberat.

FUF-9 the Comet at al Modstry to be the world's meet, am: Lockleed F-104

A Router message from New powerful pet haming oneralt

egroped with Sapphters, and York Fated. November 14 reads: The

AA

inv 2.000 THE these engines.

Hatanduced have alwyny taven built in the plane waten it saft would make Uanet States alune

possible luxity, non-stop ser-

Liverpoot to Puris han vire from New York

Lonton The ELFAL been prished by the General Two technical advances

year round.

would supposedly on a straddle position Con- When the young trainee opens: Electric Co, Ltd, to John

with the British market. 19-give the new planes, known as the throttle of her two Wolf-- gether steel sheets which

offerings

that that Super

contested Stratocruisers, more Huver Amon

For englis

the only four-thousandile

source duve May down sharply uf 2011

range and world enable them to first time, he has the equivalent, lack thick with an ar

night

in the ferent levelling off its service, out sch betis ! of 24,000 horses powerr

The sheets are userl to carry

recent 15-point premium to a when imposible Apart froin its training rover the Insulation matertal | Previously

practical parity with March, rule, the Cunberra is also used; which absorbs the searing heat, adverse weather slowed up a

Trading volumes an open of the engine.

and made a fuel stop is a bomber anul photographe

Interests in the Exchange today reconnaissance atecraft

To test the seams analo necessary. M: Willis Lipscomb,

by

the com- the new machlor, the metal was a vice-president of

* Month would bec formed into pillow and led pany

plance taid

make the able

Mar with compressed air at increas-be

Mas tom Westbound ang pressure under water. The

to New York bursting point Paris or Lendon

With

hal stop at before the welded geam showed

nly

He sat the Shannon. Ireland. averaft, there is my sign of an air teak.

Royal All Force pilots

changes mode by Pan Ame - fur speed.

th' BZD for can "O.K.

engineers receive their

and their landing in- Straineruiser resulted in quieter structions from girl air trome and faster operation.

The girls-opera- tion clerks of the WRAF-are

ווי!

8 A.F.

UN

the

No Substitute

For servier

To substitute

BAPT ic It

Canberra has plenty, and when

hettle bondlær,

1

Oghters would and

metal reached

SEMITE

te interrepl. Hundreds of these, controllers alreraft are already in survive with the R.A.F. and United

Ther States Air Foter.

have

also been ordered by the Royal

Australian Air Force,

aru Venezuela,

Frame

to be given advanced

for the Jabs.

If Qey are considered eg, they

training

good!

will control acres i

fight

111

Authorised

The change to the name of planes taking off, approaching.

and while in fight, Super Stratocruisers had been with landing. The TA is equipped dual controls, and consequently, giving orders to pilots by radio-authorised by the Boeing com-

telephone.

wilnts trained on it can be given

The girls will receive their used va instruction in the use of stra

for bail-weather flying, training at Shawbury. ments before they reach their squad Shrowsbury.

ons. Previously young pilots, on arrival at their squadrons, had

to put in hours of dying Rood visibility before they be

for barl caune fully qualified weather fighia.

Canberra flow

Last month

from Lincolnshire to the North Pole

back in seven hotirs.

sun

and

hazard"

for

were:

Volume 10.400 57,400

25 50

23.100

ort

1,000

De

2,200

Mor

May

4,100

Told

Open interest

54,0XXK P12,300 1,011,000

480,000

110,000

73,700

21,200

5210

132,100 2,704, bales

NEW YORK

Prices of futures closed today

or follows:

Spot

December

Marek

MAY

July

39 050

3438

34.73

34.17

34 Bi-92

34.61

34.03

3487

3471

Th

foing is duty by its protege.

change of pollucal colour- ing on Capitol Hill may not be without relevance to the extent The of this initiative, saya Economist

But, it adds, the fact that the į United States, shockicu as it is by the existing Trade Agree ment Act, would have so little to offer is the main reason why rcopticism continues about the puloome of the U.S. Japanese negotiations.

World Rubber

Markets

Singaporo, Nov. 29. After opening slightly steadler lack of the market sagged on

There was no trade support.

Prices of futures closed today selling pressure and little busi-

Future closings:

Octüler

December March May

NEW ORLEANS

additional speed

us follows:

Spot December March May July Delober December March

Mar

10 plans the pany only

the Atlantic

service acar which have the extra range and new turbo-superchargera, Smoking

is an "occupational

Part of the Dr Bays to oirmen,

to the planes had been given Ross McFarland, Harvard Un achieved by cutting down the

โก Aviation

of the versity professor.

technical number of revolutions Week, in American

propellers — 4

crutaing magazine.

technique tested for more than fight hours, Mr Lips- 33,000 comb suit. Other changes were modification of the turbo-

Cuts Vision

new

superchargers on the engines

and the Installation of extra Smoking, says the doctor, cute fuel tanks on the tip of ench down night vision and affects wing to hold an additional 410

ress passedt.

No. 1 rubber per lb.

Dec.

Feb.

INSURANCES

Lembara Underwriter. SHPING

Waterboat DOCKS, ETC.

K. Wher Dex.k Provient 1Old/

Wheelock LAND, ETC HK atel

ITK Lond

S'hat Land

4:30

17!!

77 .. ואג

Point out the public gets more enthusiast tie about buying stocks.

| recognised that public sentiment

is a purely psychological factor and hence impresible to predlet, The day will come.

uccording

to some in the financial

curs of a also

Du Pont was the day's big feature, searing 5 polnis to $10344 with unconfirmed rum- slock spit In the 27.10munity when speculation will background.

Other chemicals dit well. Hercules Power climbed nearly 3 points; Abbott Laboratories more than 3 points. Rail

13.00 10.00 11.10

i play a more active part in the

market behaviour.

NO EXCESSES

700

1000

$ 1.05

13 70 130 1500

13.40

2000

13

930)

13.40 į

5000 * 13.70

But just now, out, there appenr to

1000 1300R

1, Boeing 3

no in Santa Fe.

it is pointed

be excesses in the market such as

gains ranged 3% points

Douglas rose

404 2004 the over-extended credit situa-points and Bendix 14 points. In

to the the aircrafts,

1.40

tion of 1929, to amash 23 20❘ new cone on top of the market 2.12% | graph.

18.20

3200 0415 Humphreys 23.10 23 2044 Heally

2.30 215 5000 VILITIES

Tra Star Ferry 1020 10.00 1700 Y'mati Ferry 135 100 ( Light (0) 10 80

Lgh 120 13 40

Eltric

seo

50 10.10

138

2000. 10.7)

1505 » 104a

4333.40

1900 13 50 301 361. 50 381. 33.

Meeta Elet: 14,40 Telephone INDUSTRIALS

Coment

1300 261į

Bi 30 30 30

35% 30% 300 30 Rope

18.70 11 op 18.00 STORES, ETC.

Dairy Xts. 20.70 23.00 2800

.. 14.03

Investors appear to be show- ing considerable selectivity in their market activity. The great. er stability of profits art the have prof outlook for 1955 bien polaket to an underlying

recent

investor

enthusiast. Street

Journal. Dow Jones

The - New

York Sidek Bra change, bond volume was $0,* 215,000.

DOW JONES ÁVERAGES

Dew-Jones

were:

industrinia

merual

Sued

65 Moci

4

bonds

closing

averages

133.04

GOAT

142.52

101.11

173.60

-Unlied Pres.

Comm future price index

Chicago Grain

The Wail compilers

of injected average,

a note of Tuesday's assessing caution in record re in the Industrials. In a comparison with 1920 levels, H

In- notes that the Dow-Jones dustrial average itself has not 30 23,10 changed, with most of the 2000 23.80 stocks which comprise li not in 250 16 the list in 1929. Substitutions 600 18

mmle in its cam- have beens 100 or 17.90 1000 18. ponents, it explains. Some stocks 27 100 20.70 still in the list represent Bi-

1000 28.20***

together different businesses,

entirely Spot 3000 0.00 making in some cases

new products today than 1000 5,03

1920. Some companies merge, 4.20 4.274 0000 42 fail, and some announce

These necessiinte a split-ups. change and adjustment.

13 ..... 17.00

Rts.

Watson

33.20

04.77

55.00

Jan.

34.00

No. 2 rubber per Åb.

31.0

24.08

Dec.

62-1/16-82-3/18 B1-13/16-01-15/16 unquoted 0114-BI'S

L

COTTONS

Crawford 20.70

34.33

No. 3 rubber por lb.

0.00

8,00

Dev.

No. 4 rubber per lb.

Det.

Spot rubber

unbated

7914-80 7624-70

A141-8212 7535-7834

90-01

NEW YORK *

LIVERPOOL Official values for spot cottons include: (pence per lb.).

Blanket crepe American middling

15/18th inch.. 32.49 No. 1 pale crope .. American 9. 1. middling

16th inch 9.30 Mexican middling,

1-1/32nd inch Brazilian Sao Paulo good... Üthers were unchanged

SAO PAULO

23.11 32 40

Futures prices, in cruzeiros per kilo were as follows:

Dec. Mar

31,00 32.70

May

32.75

July

Oct.

212.05 32.65

In the VIRZINA | reach 16,000 when they smoked while keeping the average prices of 16/15 middling non-existent.

wis

Doing Better

Made Imprint

LONDON METAL PRICES

London, Nov. 29.

Dec.

Маг

May

July

Sept

Dec.

LONDON

closings

21.05

27.90

27.08.

17.00

27.80

Textiles MISCELLANEOUS

Yangiare Allied

New York Sugar

Market

Prices

Chicago, Nov. 29,

Closing prices

Prices per bushel in cents: Wheat, No. 2, red

Dec. 227 (1) 223% (L)

May.

in

Mar.

stock

July

Sept

Corn, No. 2, yellow Spot

Dec.

Mar.

May

NOT REPRESENTATIVE The Dow-Jonca industrial July

more

The

Dyeriges,

Not enough, activity deve give

direction

in either contract to show loped a definite trading feature.

The domestic raw market was stalemated pending Washington dovalopments on the recent re-

stocks common

Dec. Mar. Data

Mar

now Boybeans, No. 2 yellow

Spot

Jan.

the Mar. main purpose of

19 added,

10 MAY readers an idea of the July the Sept. and, roughly.

Barley, extent of the Auctuations that spot sweep Inrge sections of the New York flour stock market hour by hour and day by day."

vised quotha, and on announce Along these lines, it said, the

mant on the 1955 initial market Ing quota,

200 lb. ratk

227 227

2204-26 22016- 21312-11415 210

107 708-137%

1691, 15944

130-152

114.800 **United Press.

average would show movements for

monthly periods.

and even yearly London Foreign

beyond

that, its meaning becomes increasingly vogue," it

observed.

average "cannot be said really Beut Recently a Canberra of

to represent the level of the Rye Futures today closed 36 to 50 the photographic reconnaissance

New York, Nov. 29.

stock market-or evn of all the Royal Air

points with sales of 30 contracts.

World No. type used by the

4 sugar futures industrials on the big board-as Liquidation and hedge solling, closed today Forer Hew 150,000 miles, more

1 point lower to

compared with 1929, because it Dee. than half the distance 10 the the airman's ability to tolerate gallons of fuel, meaning 250

encouraging the lower London 1 poinf higher with sales of 13 includes only 30 of the 1,500 or of flying high altitudes.

cables and a pause in consumer contructs. moon, in 300 hours

mics metro range, he gold, completed within a week. On Tests showed that men who under the new cruising trehal-

buying interest, kept terminal Domestic No. 6 sugar futures listed," it said. the North Pole flight, the air-

market prices an the defensive, closed wichanged to 1 point he craft flew through temperatures could stond altitude of 20,000 que the propeller speed of the

Spot No. 1 Rss were quoted to 21,000 feat on days when planes had been out from 2,120

lower with sales of two con- pound, tracts. -70°F but is just as they did not smoke could only evolutions

nominally 27% cents a a minute to muth at home

(In the United States, the with buying interest fractionally

Future Middle East,

the the same as used at the of the

Aheavily before going into fonnation

Canberras of six

ras test chamber.

revolutions, This resulted not at 10 designated spot markets were: visited Baghdad In Iraq to Example of America's great only in reducing the cabin noise was 34.34 cents per lb. Sales at coincide with the opening, of aircraft production: The Boeing by about one-third, but also in these centres totalled 80,400 the Trade Fair there, and King plant at Wichita has just turn- faster and more efficient flight,” | bales).—United Press. Hussain of Jordan

out its 1,000th B47 Stratojet passenger in one of the planes | bomber. And two other factories during the formalion's visit to aro making these bombors for Amman.

the United States Air Force.

The Stratojot, which has six jet engines and a span of 110ft.,

The market was easier with The tin, copper and lead were spot No. 1 Ras quoted at 24% | at

"Aviation Report" can fly

says: more than 800 miles

zine was quiet. pence per lb. economie operating charne.leady while un hour,

B47 wings of the USAF

are teristics of the DC-6B have Prices closed today in sterling No. 1 Res spot........... 214-29. per long ton as follows: regularly

the already made their Imprint on The Napier Eland turboprop | flying

buyers reliers Jati engine is doing better la current Allante for duty at British the financial rœulls of a number

Feb. of airlines, but perhaps

3160/210 Mar. tests than even ils designers airfields.

Comparison, note:

most interesting The RAF

Jen/Mar. Apr-June of 3,000 horas power kos been do not have any four-jet bomb-American Airways which has

1033 Juty/Sept: 1024 exceeded by about ten per era (let alone six) in squadron this year been showing an ex- pent,

the and at

Earno time service."

coptionally marked spurt in its fuel consumption has bren "Interavio" quotes a United financial fortunes. This year Pan nalably reduerd.

Prog report from Paris as American' has deployed the full A now welding machine is saying, that tho French Govern-strength of ita ficat of 4 being used in the manufacture ment, in an all-out effort to re-DC-88s, the largest in servlet. of the Armstrong Siddeley place the Comets now grounded As a result the company fools Sapphire Joti cridine. The has put aside a sum equivalent more financially conndent that The Sapphire given a thrust of to about $0,440,000 in next at any time in its career!"

Interavia b1b. and power

| says!~="P.A‚A, no year's-- budget for the furthON. over 8,000

eleven different development of 8.N.C.A. du whose credit travel plan has of British arth American, Sud-B Sik, 210 Caravélin jot, bean in effect for eve and a half | Tin has perfperance aircraft. The airliner. The report us on months reports that linkets zine. English Electric P. Gloster to any thas though Air France bought so for through the "riy- Javelin, Hawker | Hunter 12, and Ụ.A.T. had been expected. Now-Pay Later"

plon havo Cegper Dee Victor, Avro to nek for replacement, of their had a total value of $2,100,000.” ↑ L-niá

expected. The designed output

Tower

thin

Handley

Page

истока

"The

spoi

CHEC

11 Pan Conger spoi

the 3-month

a-menth

2013-

Zine

Nov. Feb. Nov Foh.

1001

ว

Future, closings were:

Contract No. 4 (world)

Jan.

3.100

Mar

3.180

Prices:

Settlement house term!

MAY

July

3225

Sept,

2014-2674

Bpot (conta var ib. fob

Cuba)

3.23

Contract No.

March

640

May

5.47

23% Bill Day/Dec.

General markets, eit besis, ports: Dec.

July

5.50

Sept.

0.03

Nov.

5.02

Bpot-(cents por ib.

́eit NY ex•duly)

Jan.

Date crepe thick Deo."

, New York; Nov, 20. Prices of metal fiituros, closed today in cents per, 16. as, follows;; Lead Dee,

1173b 12.PDAM

thai, 20 AMSTERDAM

No, I rubbe

NEW YORK METAL

FUTURES:

But for Wall Streelers, sensi-

tive

Exchange

to indicatore and numbers New York

Montrend reflecting the ups and downs of Amsterdam their trade, o averages dre Drummole

akin to profits or losses in that Copenhag

they tend to, temper market

London,

ER

behaviour in the absence of trekholm

more definitive calibrations of West Marke

investor and business psycho-

logy-United Press. 1.50

United Prest.

Exchange Rates

Zurich

Prow

were

LONDON SILVER New York Foreign

PRICES

- Exchange

New Yor

England-omcial

The market was quiet; Prices - Des

London Nov 20 closed today" in "guilders", por | Buriness ve done in the local

December

marko, this kilográm,... CIF ·

Aufficit exenarigo

The price of silver Wäs qulót: † follows:

menting M. the following mood today tit: 74% pence per the Cana LU,B), doline (sek (1) sĪKAMA 0.01 2.55 buyera l'Atariinat ncles, (per, £}},

10.7 outro, for spot and 74 pence for #Kaburdin) Inderosini" ruslah (per 100) 10 forward. (Compared with 24% 15 durers, 1 ban, lodia, por, 100) *** *80 and 74% panel proviously) --

· 2.50 buyers stappen (Stralia)

6x United Press.

Rad. Preis:N Indo Chim parry (per 160)

Others were

-1