THE CHINA · MAIL TUESDAY, DECEMBER 14, 1954.
OUR WEEKLY AVIATION NEWS
TRADE and
pre
Bo great has been the demand for the Viscount turboprop airliner, thaj Vickers-Armstrong Capital are working at full pressure at Hurn to complete the orders that are stul coming in. Airlines, the American Une which has already bought 40 Viscounts, have ordered another 20.
for overwEAN, This brings the total of sold aircraft to 177 of which 131
Atřilnes---including the 83 for U.S.A. and Canada and so far for Austraila, pran Airways Corporation--have been placing orders for Viscounts which Rolls-Royco 1art Engines. The value of the North American orders, including
view of Eeneral in sightly
£30 million. This picture, taken at Humn shows assembly lines will Viscounts for Trans-Canada and Trans-Australia alrlines,—United Press,
over
including British Euro- are Btted with
spares.
Major American
Airline Changes
To
Gas Turbines
British se oluli in the world's best long-range were to fail m the fast fence," "turbo-prop" airhne our American competitors "" " the Belt, ready to buil | on The foundation of knowleri
of experience which de Havil. lende. Rolls-Royce and BOAC
The main point about And even if Capital Airlines' du we cision to take up their option for 20 more Fouqunts is that one the
*Ti will be
advanced M tom of the Br,lon as thoi nge
Arat These now being butt Bitantes, the Mark 100's, are u begin passenger- expected hacked by it
carrying work on BOAC routes of British publi partnership
by early 1950. igand private money.
of
[
major American!
domestic airlines leaving pistons and going over to gas tur- bines-the
latest and:
most convincing proof
Truly half a Cevade ago Th
That das revolti dans VN lea des chevige was scool to come
Allantle Bristral
this
Lrit
Patrol
!
[
لانا
will
and COMMERCE SECTION
Page
IKE'S LETTER TO DODGE
Appointment Of Special Assistant On Economic Policies
Washington, Dec. 13.
The text of President Eisenhower's letter to Mr Joseph M. Dodge appointing him special assistant on foreign economic policies:
It is my desire that we proceed as rapidly as possible to bring about improvements in the organisation of foreign economic policy. including its relation to domestic economic policy where it is involved. I have discussed the objects of this programme with the Cabinet, my advisory committee on government organisation, the director of the Bureau of the Budget, and with you.
10
the ฟ
upon
CO-ORDINATION
You
STAFF
Steel Rebate Reduced
Dusseldorf, Dec, 11.
West German ateef pro- ducers have reduced
50
to 25 marks from per Lon the rebate Eranted
an ship plates to demenito shipyards for ex-
all
port shipbuilding, according lo industry noureen hare. The reduction applied to after orders received November 19, the sources
report
nald.
Sicel
producers
sharply Increased demand
for ship plates. Thele thlok plate production capacity. which is estimated at about 160,000
tour monthly in
while being fully taken up, wh the amount of new orders for the second half of next year and the first half of 1956 indicates a further Increase lat demand....dent Ileuter.
HONGKONG
STOCK EXCHANGE
(From Our Correspondent)
NEW YORK
STOCK
MARKET
New York, Dec. 13.
A group of specini stocks [provided the features todny
in
an irregular, moderate active market.
Wille respectable 2,750,000 shares, it was the UEfutxt &ont་་
Nov. 3
Turnover
totalled
when the plot-election rally got under why. Many leaders softened near the close bringing
lowrz The averages
market generally was narrowly mixed.
stocks in earl of the A few | major groups moved a point of
more either way
Inchietals
a group closed 20 cents lower Itals were up 58 cents, thataks largely to a single wide gain--n rise of 0%
Market
said commentatora Artivity was about in line with expectations, with traders devot- ing their tientions largely to Special tantions
Among the issues responding Individuat news develop- ments today was West Virginia Coal which ran up 24 points to
$23 on announcement that it is selling some of Ha coal pro- perties.
On the other hand. Swift and Co. fell 14 to $47% on u inver earnings piounement,
American Telephone
stoak
|fell a point to $1749% t moro than $0,000,000 of the Company's Noon quotations on the tong-3% per een; convertible deben- ang Slack Exchange and the tures of 1958 changed hands in morning's transactions:
bund trading.
There
I am most pleased that you purpose of clarifying and defin- | mensbers of the national Security have agreed to continue to serve ing lastres, and determine the Council. the Government and to organku primary responsibilities of the I akiiton, ex officio members un my behalf this
be s very important executive agencies for the pre- will
my Bdministrative undertaking. Effective im- parution of original documents assistant for economie affairs, muxtanbuly I am designating you pad for any other steps necessary my serial assistant for national
assistent ** scutal
member the le produce a co-ordinated and eurity affairs, andi £1 President to amist and advise agreed
governmental of my counot of economic ad- me in accomplishing an orderly position.
visers. The heads of other de- partments Dvelopment of foreign economic
and agencies should bcies and programanes and
be invited by the Chairman toi asure the effective co-ordinati
participate in meetings of the There are now numerous stand- of fare
Connell when matters of reel foreign vconomic matters of ing and ad hoc interdepartmental concern to the severul depart cosar: maling mechanisms, as well
comovim to them are under con- sideration. menis und
ugencies
as a complex of overseas depart- executive brand.
antal operations, each dealing More partakerly, in respect i with a limited aspect of our
may provide yourself to foreign economike mutters, foreign Leonomic policy. (with such staff as is necessary to shall ok to you to provide for expect that tho arrangements assial you
connection with the anticipation of problems and established by this letter, with
these duties. In addition, I kastes, Szuster advance prepara- fle co-operation and assistance
ngejanticipate that from time to time arvesky se mformation tu:
of the direc'or if the Bureau of provision will need to be made The Budge: and his staff and for a limited number of special with the benefit of other studies ask forces for the review or SPE this •tl üt activity now special foregrouonne maters sub-that are so extensive or com- simplification of the li
plicated as to make it advisable present structure.
to organise
special Yu ire muthorise❘
to projects. stablish and
serve as the Because the formulation of of chairman
a coumell on to eign foreign economic policy in many economie policy through which instinees is an integral part of
agencies An parti- the formulation of
#PPING national Clive
Waterbant elpate effectively in this under-security polley er of Interna- DOCKS, ETC taking. The Secretaries
Donk of tional financial polley, I want Treasury. Commerce, you, as quickly as possible to State,
ef establish
appropriaic working Agriculture an: the Director the Foreign Operation Admite-relations
with the nationa tration. or their principal de Security Counci and Domestle ayd foreign priceputies, shradd comprise the initial National Advisory Council on
membership fixing at
of opening offset basic
the International Bnancial and werker.l bending and prices Coune!!. All of them are re-monetary problems, respectively, ruled
of the Cabinet to the end that in those Instances *ports higher as 3 gular members points lower.
and three of them are reguin referret to the desired integra- tion will be effected by your attendance at such meetings of those organisations or you may consider necessary. 14
well us
World Cotton Markets
13
New York. Dee Colton futures prices drified lower in moderate dealin s
At the close, prices ruled 6 to 11 poin's lower, New Orleans futures closed unchanged to 8 poin a lower.
So when The later one is ready for service, it should be backed
their Two years EXPERIENCE.
And all Bristed hopes that by The long
range
naboprop then BOAC will have band the that the great conver-airliner is also bound to come. Britania such a good aeroplane
helperi in it turn from sion to the new form of undation
that they
no longer be of knowledge and interested in an American pro-
Vickers duel. which power for airlines real-sxperience
Rolls-Reyer ly is under way.
Bristol ILEA. have plonerred.
The Britanni is being deve- and 1.0.AC. ate together developed in slapes. After the Mark the Bristol Britannia, 100 comes the Mark 300, which loping
non-stop
Is over 10ft longer. then the with operation
Mark 300 Long Range. Finally, Proteus engine!
There is to be the 300 1H, with
"turbo-prop | ly tested
its four roles elige fully officially cleared for the vari
engmes repinced by new Ba 1- PINOY," age of fare-paying passengera, a distinction which the makers This, it is hoped, will be yagarby Have stated is not enjoyed lay any other turboprop engine
A ZTALO RAC have ordered 15 Mark this power category broken
Isri-
10 100's
Mark (92 seaters); model of the advanced
und eight La Range being developed, 300's. Fanta, also
ort 1Wo will be powered by the Bristol 300's with an option
turbo mote. These bigger aircraft will BE-25 tundunk-power prop. Tha
of the
this carry 101 passengers. special quality engue is that it preserves S
With two aircraft being used of 4,000 1.p. Luke-off power
there are eight or for fight tests. undiminished
heights at
d thus Mark 100's getting well on fo-
wards the flying careers.
Wi
ALL ARRASA
Challenged by many,
inly by those
fla porodi
believed
frw
In 1958
all of the ma to this
super-changer country wh saw forward through 1
Test and yeurs et backed their faith. Within that short period of timur.
the
as it was by threat of war und
bundra
rearmament comple of years
eval pro
I
which threw
whole Kramme into jeopardy, the re- volution has been neeepted, not only in this country but also HE
Competitors
America.
Americn
have
Followed
J
Havillands teatr the paste Jude
Beld, Vickers and rastl
the turboprop held. with
รูป
20,000
[..
100
01
up> new regime superallon
unobtainable hitherte. The aircraft will have cruft now being developed. by full take-off power available at world, in the the US Air Force
any aerodrome
respective of climate or field elevation. The engine designed to be specifically more economic
best even than the
to have a fuel
U.S. Navy.
air- is
consumption comparable with a
piston engine,
thesel.
Within that five years the public
since
the Arst glimpsed
In Its broad sweep,
types, an order-book of million these now airliners, from
the pian
The girl Miss Freydis Leat pilot who won this year's Bri- ish air racing championship, is to be a guest at a dinner at the Royal Aero Club un January 20.
Co-guest
will
be
Harold
world's first gas turbine proto- to which this country set felt Wood, the 52-year-old test pilot ufter the war succeeding, who won the King's Cup racé. despite all setbacks, more surely
106
has been built up for
Most of Britain's best known
and Mr Wood
24 than most people would have rating pilots wil be there to
dared to hope only a few years see Miss Leaf
The continued growth of handed their trophiles.
airlines throughout the world-
all of it in the British aircenti | Do world's air traffe-for DC- industry, for in no other have the any firm commercial orders yet been announced.
covers the first cost of the air-
and craft only
excludes the value of orders for spares.
yond the
won
A now.
luxuriously-Alted most sanguine ax-
which has
just been This backlog pectations of less than a decader
by be bought
1.1 American ogo-make the prizes to
for flights petroleum company Fur bigger now than ever by its executives, has a built-in The growing limportance strategic air mobility and the TV set. The individual
for reserve of productivo chairs can swivel round to face with capacity, self-supporting through the screen,
suid
In this year, 1854, it can for the Arst time be
that complete conidence
the commerce, make it all the more Great Britain necessary that
conversion of the world's main
the
In the afternoon, small hedging pressed on the market Bone scale-down trade linrats.
Some small switching from
December
Jais 101 months was reported. Trading In warby December expires at
noon on Wednesday,
There were only two Decem bre transferable no lens isguid as Now York. Trading volumes and opening interests Exchanges loday were:
the
Upon esterTVÍ
23,300
underway.
will head to a
فروع
'l
them
as
World Rubber tendance by representative
The
Markets
Singapore, Dec. 13.
market
opened higher
and remained stendly. There was some trade support and some acceptances bry Australian sellers reserved. Future closings
were: No. 1 rubber per in
Moth
Volua
December
B2-21
3500
Jerry
Mat
43,200
05.100
Felaniary
13 7/10-2 9/10 unquoted
May
24,00
1,017,000
No
July
200
GAR, BOL
2 rubber per ib. December
819-82
1,200
Dee
1,000
703-00
MA
May
0,100
4200
Tutai
110,000
322,800
20,000
24,900
22,000 2,872,100 balen
NEW YORK
Prices of futures closed today
as follows:
Spot
December March May
July Arru-
The airliner, a Convair 340,
line aircraft from piston to gas should profit to the full in the of the type used by, many air- turbine-pure jet or turboprop construction and sale of the lines
is only a matter of time.
In this year also the planeera i
in this country who have push- ed the world over the threshold of the gas turbine revolution
have had their greatest setback, the Comet ateldenis. Yet in its fights as are airliner the Comet
new types of aircraft
she has pioneered.
In America and Europe, which cost the oil company £203,000, The Convalt concern have sold IB or the airliners as business- men's private aeroplanes.
If ever it could be said that
j wod a resounding Succosts. we have reached the end of the That success will be improved beginning of a major national on, for nothing is more certain than that long range, high Ay-venture, opening up a field of ing, pure jet airliners will soon progress to which there is be giving Comet speed And obvious limit, it can be mid Comet comfort to mainline now, at the end of 1934.
pasengers. The prize is now oli
110
If several thousand Bristol
The new Director of Opera- Lions!
Requirements at the Air Ministry is Air ommodore Д wartime HJ. Kirkpatrick, bomber pilot, bomber airfield
and
Alc commander
Sanlor Staff Officer at No. 8 Group, Bomber Command.
Ho flow with the Oxford Univeralty Air Squadra in 1029, and after leaving. Oxford, Joined the RAF in 1919. for as Sir Hartloy Shawcross workers can help it, there will Twenty-nine-year-old Flight ould at the close of the Comet be no need for British Overseas Lieutenant” J. Államp,
an RAF Inquiry, the Comet "will go up Airways Corporation to buy pilot for 11 years, has joined
the more certainly within reach,
By that time tho Bristol
to the sides with a quite unique American airliner in 1958 or the Handley-Page concern as a background of investigation and 1950,
fost pilot. research." The Vickers V-1000 military transport is now in
fet
He wie formerly 'a jest pilot production
for the Royal Air Aeroplane Company with one of heavy airgrads at the Governo Force, with Rolls-Royce by-pass of the biggont payrolls |in the|mark, Hircraft and Armament engines, avaliable for conver« West Country, hope to have Experimente) Establish Kion to long range airline use. Dying what they think will be ment, Boscombe Down.
34.00 34.30 34.50-81 34.70 34.75
No. 3 rubber per ib
December
No. 4 rubber per ib.
December
783%-70% Spot rubber umbled 822-011 Hlanket rope
7512-7014
No. I pale crepe ... Bộ 10,
NEW YORK Futures today closed 20 to 30 points higher with sales of 90 | contracts.
The market was very steady with speculators and dealers ro- 460-0 ported buying off the floor.
Eastern offerings were reported | small but high in price. Spot No. IR were quoted at 28% cents, nominal, down from Friday. Future closings were
March
23.70 May
LONDON
of those organisations at meet- Ings of the Council on foreign coronic polley when approį priate.United Press,
SHARES DUVERS SELLERS HALES
BANKS
121 Fazk East Asia
INSURANCES
Quien
201
#16
Lumbard Underwriters
2 10
Provident
(Old)
Sive Dock
3] 4313 1 »
LAND. ETC
RK
XX Land
were some strong spots
in the steels and some olla did
well Anærada up 5 to $216, 3130 Pcifte Western, higher t $44, and Texas Gulf Producing, up to $91. Othera, however, were off sharply.
2004 50
The automotive group show- ed firmness.
York Stock
Ex-
change bond volume was $15,-
The New
20.39
20 40
| 700,000.
15.70 17 90 1000 10,00
1
6.10
BL... 7 1000
change
1,93
shares.
0.03
7.
The The Anwerican Stock
voluine wis
Ex- 1,140,000
500 7 ! DOW-JONES AVERAGES 6:00
Dow-Jones closing averages 3000 »
893 on Wall Street today 4.03 follows:
1000
2500
15,30 15.40 3300 « 18,40 1000 13.20 18500 10 30
Humphrey .. 20 25 UTILIES
Tro
New York Sugar (5)
Market
New York, Dec. 13. World No. 4
futures sugar closed today unchanged to ona point lower with sales of 14 con-
tracts.
Domee No. 6 star futures closed unchanged to one point lower with sales of 231 controcis, and scattered Trade buying liquidation and hedging brought,
700 60
100 0015
1000 W 60,
400 or 08
100 1 09.
22 3900 IN
Indusinds
20 rails
in utilities
så stocks
40
banda
Comm future price index.
were 39
309 70
130 45
144.01
United Fren
New York Foreign
Exchange
New York, Dec. 13.
$170
500 21,0
100 - 22.
Star Ferry Yin Ferry
142
183 200 41
143
161
100
13)
100
100
Canuda
$1.03-3/10
17.30 3903
1120, Anglunt-official
2,7-1710
noffelal
208-270
30-day futureR
2.30-3/32
w-clay futures
2.701
South Africa
2.391
OLD
2030
3150
2004
3020
.1740
C. Light (N
XD Electne
14.00 12.20 3300 # 15
30 0000 39's B00 302 1500 12 Helgunu Hollard
134 32 3700 32,
600 314% ruginy
India 2000 22
Pakistan 40, 40% 300sur 4014 Hongkong
500 40
104 25.10 500 a 20
1:23 15.00
50 10.
cái vị nho
Others were
PINK,
unchanged-loited
Exchange Rates
Maeno Elec, 17.40 Telephone
INDUSTRIALS
Cemont
STOKES, ETY
Dairy X Rt.
RIN
25.00
domestic
wilson coTTONS"
tx
1 TO 10,1 ..17.79 48
this
Textiles
Nanyang
680 0,90 18000 AL 1.53
500
330
15.70
Indonesia Rupinh (per 1001..
18.00
Yangleze
៤
27.29
Jarruary
3.18
Allied
4.40 4.45 1000 1
4.45
Singapore (Siraits)
1.01
March
3.14
May
3.13
July
3.20
Beptember
activity
soma fulures market,
Into
The world market was quici, Future closings were: Contact No,
(world)
Spotterots per ib. foh Cuba; 3.10 Contract No. 4
March
May
July
September
November
March...
28.00
21.48
ax-duty)
28,40
28.30
28.28
The market was steady with
July
December March
May
34.03 3104 34.70
NEW ORLEANS
Prices of futures closed
today
as follows:
Spot December March May
July
September
33.70
December
34.30
March
34.68
34.41
34.75
October December Marchi
34.00
34.08
May
34.7b 34.78
No. 1 Rss spot quoted at 24% pence per lb. Prices:
No. 1 spat......... Settlement figure tourn:
2432-2432
LIVERPOOL
Jan. Feb.
24-2
Closings,' American middling | Mar. 15/10 Inch, in pence per Jan/Mar.
Apr./June
were as follows; .
Dec./Jan.
31.03
Mar/Apr.
May/June
July/Aug.
22313
Dec. Jan. Fab.
Oct/Nov.
Estato repo thick
Official values for spot coitons include:
thin
AMSTERDAM
inch
8.30
BA unquoted .unquoted
$45
United Press.
Spot-fcents per lb. cif NY
Singapore
Stock Market
MISCELLANEOUS
2000
Business
unollicial
exchante
Wha dono In the cat
market SAD morning at the fallowing rates:-- 9.ሴን U.S. dollar (per 31)
0.60 Sterling notes (par £2.
Siam ticals (per 100)
19.42 1000 4.40
indu-China plnstres (per 100
W. Germany Converts
Asia Trade Into Profit
Bonn, Dec. 13,
West Germany has converted a 5,000,000,000 Dec, 13 Dec. 14 Deutschmarks (US$1,190,000,000) trade deficit Closing Opening with East and Southeast Asia into a small
Singapore, Dec, 14. Brokers today quoted the fol- 24-245lowing stock prices;
July/Sept
-231 Oct/Deo.
British Borrico Patro- General markets, cif basis, ports:
35/- leum Byndicate
23/ 1-2416 Finger & Neave 16-241%
Ordinary lastie
01.07 $1.97 462416
75% Cum, pref... 10.00 Hong Kong & Shang
hal Bank (Colonial Register) Names Hotel
The market waÉ"
steady. Bingapore
Cold
American middling 15/10 ch 3204 Prices closed today in gullders South brilian fru Arpotican. 8. L. middling 1/8th
Doc. 1984 per kilogram, CIF Mexican middling 1-1/32nd inch 34.14 follows: Othors were unchanged.
SÃO PAULO Futures prices, in cruzeiros par kilo were as follows;
Dee.
Mar MAY
July
31.00
32,00
No. 1 rubber No, rubber ******** No. 1 rubber' No,, I grepé
Blorag
anco Hongkong THE 1.30 buyera Paling Tin 1.34 buyers
233 buyers 250 buyers
Dalled Pront
RUBBER OUTPUT
10.00
favourable surplus in 1954, the Bonn Government's official bulletin disclosed this week..
West German exports to that sild, whereas those to the Far $1,003 $1.005 $2.72
92.72
area from January to August East alone Increased only 12, this year totalled nearly 778,- per cent.. $1.00xd $1.00xd 060,000 Deutschmarks (US$103,-
bulletin
The bulletin said "a particu $27.25
the $20.25 -000,000)
aald. Iarly conspicuous feature is the. 0/0
Imports In the same period decline of German importa from $5,40 3.45
600,000,000 [tolaЛied
Deutad Japan to about 43 per cent of Rouler.
marks (US$103,000,000).
the 1933 figure, Iron shoots and The bulletin disclosed, how plates and whale oil being de over, that the share of the Farelsivaly responside for this" East in West Germany's entru drop.
London Foreign Exchange
Hubbor output announced by New York Mossrs J.A. Wattle and Co, In the United States, the lid for November average price of 15/10 middling followe
+
Montreal Amasaydamn was aqunschm
Copenhagen, Parti
at: 10% designated spot, marcels Rubber Trust (Malaya) 647-| (loeshojm was 88.09 conta por fbx Bolos A 000 lbs. Rubber" "Trust" (Burma) them centros totANIES 44,180 92,700 lbs and Changlik) (Sediánythin "Others" balos-United Press.
40,000. tbs...
Shurichs.
· London,
United
foreign trade was decreased. Outstanding items of increased In the first eight months of 1934 exporia to Japan are machino) only 6.8 per
cont of all West tools (7,400,000 1023,600,000. German importa come from the Deutschmarks), a8 WELL-DA Pre- Far East compared with 7 per cision mechanical and optical
products both figures have sur [cent last year.
passed the total result for 1988 ** CONSPICUOUS FEATURE the first eight months of this West German exports on a year. In contrast, Potash forila whole jumped 31 per cent up- {{lsers 'ahow a deeling in the wards this year, the Bulletid expert dola."--United Free,''
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