1954-12-29 — Page 9

THE CHINA MAIL, WEDNESDAY, DECEMBER 29, 1954.

CAN BRITANNIA RULE THE SKY?

Newsmap studies

the air outlook

run"

TRANSATLANTIC SERVICES

180 Planes per Wrek, Mkwe British Balle

Atlantic Ocean

British totals indude? Canadair aircraft

LACH Wook 120 glant airliners make the

"Atlantic

Britain between America-00 planes a week in each direction doing a routine job of work, but them British-built,

nont

and

D!

High above the waves Britannia ruled in the daya when

naval SCA power,

world

mercantile.

mbant

Jupremacy,

By the Stratocruisera, the Constellation

11.0

apliy-named Skymaster.

and

now

and

Today the race goes to the swirl, the high,

the long ranged.

American

Can Britannia rule the clouds as once she Can THE "Britannia," built ruled the

that Bristol, break

strangle hold the Aircraft bulll

Seattle and

have Manica now Burbank and Banta

runi the world's most important air

aver

North

EUROPEAN SERVICES

840 Planes per Week-504 Britid) Bulle

Pleas per Week-74 Britis

AFRICAN SERVICES

FAR-EASTERN SERVICES

Placas par Heck-30 British Bult

Airport al

This week Newsmap shows the picture of air traffic in and out of London the end of 1964.

This i A map needing constant revision, for the volume of aircraft traffic is increasing fact, And although Britain's fine new short- Haul planes lead the field, Britain he no glant in the skies..

Not until 1967 wil It be possible to show single British but Altliner оп the important Atlantic run

and only then

the trans-Atlantic Bristol Britannia, for which the engines are as yet unbull, le ready In time.

ВО А.С that

want

The doubt is such to order now ten new American Douglas D.C.

70 airliners, coating the Atlantic run

▲ 7,600,000, for use of

. in five years' time.

universal from the fact that at most the the bustest airfields in With the

heater is one twentieth of an Briller. acceptance of air trans-

ith thick. It weighs less than

for cach une of the five munces as port

square after allowing for the weight of the terminals. essential ways of travel-out, ling and with the need for

an

up to bolting point

The healer can be usORË 412

Jet fighters act

Air-

Great

The set is able to superviso zact control the Innding of in modem jet fighters flying paies at the rale of one landing by

aircraft every a pair of twenty

To achieve seconds. maximum efletorey the ground facilities of a modern alt force must be as mobile as possible, the Kills consequently ordered for the Royal Air Force are designed

10 be air-trans- por'able. 'The set

can be assembled at an advanced airs field in a few hours by 11 handful of technicians, and it only needs a power supply und e small hut to complete the The hut houses preparations,

which the control instruments,

identifying an e capable aircraft

than 10,000 at more

its feet, and controlling

safe descent and landing.

To protect the heater against ever - vigilant, the danger of becoming too hot round-the-clock air de can operate safely fence system, flying in 100-C-the almost any weather has water), an automatie cut-out Is provided, which both ensures of matter become a

and controts the temperature of routine. Simultaneously the surface the speeds and altitudes

aircraft high-speed which at operate have greatly in- bubers, or on airliners,

craft

have down ረቲ asing il of more than ten million creased, with the result totul

ice miles in airline service. that exposure to

Napier heaters ure used formation is now a more

such aircraft as the Bristol serious problem than in

Britannia and de Haviland the past. Flying faster comer among modern airliners,

Fairey Gennet the increasing the

Seamewo

among service rate of ice deposits on aircraft.

They give protection the plane,

and higher against the ice menace to new

British aircraft, bringing up Force. Other users are the air- altitudes

nearer the all-weather ports for Liverpool and New-

the and which,

importan fewcastle, ότι τ will be

research aerodrome anther of

Farn- commonplaces boroughs.

means

und

mean lower prio

temperatures, again

years' time,

augmenting the ice risk.the astonishing

of flight.

de-

To tackle the problem a heater has been

veloped by Napiers, which

uses

unique

method of construction.

on

The outstanding success the big twin-enginei

От

on

Bristol

گریزی

This equipment is now used which 15 the nt Ferryfeld,

airport for freight bustest traße In Great Britain, as well as by the Royal Swedish Air

ןןן

Modern high - performance all the military aircraft need power which engine designers can give them, and in order to increase the power developed by a jet engine, the technique known as reheat was devised,

expert

to

The dificulties in the design

In a lecture Firighter aircraft is carrying audience in London, Mr J. L of an aircraft heater system ar

vehicles

the Across

English Edwards, of the de Havilland It formidable in the extreme.

Channel over the last six years Engine Company, has given an must apply the heat where it

bus encouraged Silver City Air- interesting picture of what re the external is required.

wuys.

that the air ferry company, heat can do. He stated star

from "the new route

of modern applications surfaces of the aircraft, and not

Birmingham to, Le Touquet. reheat are to assist the Lake- It waste energy elsewhere.

off of heavily loaded bombers must naturally be as light as

May 1 next year

A or to forec fighters up to super- possible, easily maintained, and motorist will be able to Пу sonic speeds." as thin as possible, so as not to with his car from the Birming alter the plane's aerodynamic | ham airport, at Elmdon, to Le

It

have must qualities.

Touquet in two and a quarter Time in the air will be smooth finish, to reduce drag, ours.

air only ninety minutes. From Le the would lessen which craft's performance, and mast Touquet to Paris is 141 miles of the new road, Use be applicable to any of the by various shapes used on aircraft service will mean that a driver

fram Manchester can surfaces. It must resist

about

rain. Paris

reach in and be unharmed by tempera- while

eight hours, car from Coventry or from far below tures ranging

Wolverhampton freezing point 10 those en-

through the Are de Triomphe on the hottest days some six hours later, countered

in the tropics.

The

can

drive

from passenger fare Birmingham to Le Touquet will be about £8, and vehicle fares double will be approximately those on the present route from the South Coast, although the mileage is five times as great.

Silver City Airways

*

when

The disadvantage of reheat, which gives increased thrust by burning fuel in the hot rass emerging from a jet engine

Is the combustion chamber, enormous rise in fuel consump- tion which results. Mr Edwards took as an example an arbitrary engine giving 17,000 lb. thrust which fuel consumption in would increase from 2,060, gallons per hour without heat to 0,300 gal/hour reheat is used. If the aircraft's speed in raised to Mach 1.5 at Ken level, the reheat consump carried tion would rise to 30,000 gallons application to a variety of seventy cars in its first year of per hour. Normal engine fuel- Mr Edwards said, curved surfaces such as winge, operation, 1948, using one pumps,

be unable to handle propeller-bossen etc.. Napiera Bristol Freighter. In 1953, with would

and flows of this magnitude, build- fourteen planos, it carried 24, the turbine-driven contrifugal hester | 600. This year, by the end of

November, it had carried 30:400 pump has been developed for cars using 15 aircraft. The total the purpose. load carrica 67,000 tons.

To overcome the dimeultics, and particularly the problem of

use a spraying, process,

ing

up the complete

layer by layer.

of

was

•

more

than

TRADE zemal COMMERCE SECTION

Pare

WORLD COTTON SURVEY

United States Outlook

Brighter

In The Coming Year

The following surven of U.S. and world cotton prospects was written by Mr Read P. Dunn, Foreign Trade Director of the National Cotton Duneti of America, at the request of the United Press,

Washington, Dec. 28,

Anglo-U.S. Coal Agreement

London, Deo. 28, The Treasury announced tonight ал agreement has been signed between the United States and Britain authorising Britain to buy coal from

om the U. 6.

The

and pay for it la sterling., Agreement COTISONE under tho U. 9. Mutual Security Act of 1954. -- United Press

The outlook for exports of the United States cotton is brighter, HONGKONG

Following two years of slack activity in the cotton trade, exports are now picking up sharply and Government officials estimate they will reach 4.5 million bales this year.

Projecting this outlook beyond the current marketing year, which

STOCK

ends July 31, 1965, many favourable signs can be detected which point EXCHANGE

toward continued strength in the export situation. In any event, depressed export demand of the past two years seems to be over.

the

A number of factors contribute to this encouraging outlook. Briefly, they can be listed as:

World Cotton

Markets

10

New York, Dec. 28. Minor price changes aud slow trade characterised cotton futures trading today

LFL-

NEW YORK

STOCK

MARKET

New York, Dec. 28. Industrial and rail. stocka soared to new highs in a fast and furious final hour today.

more

Industrials, gaining a point to than 6 points. climbed 4.08 in their average to a new all-time high just $1.49 below the magic 400 figure,

Steal shares,

alrcrafts, and

chemicals featured on the move

which

market

Issues

100k in nearly every group. Out of 1,263 traded,

only 298 wCTO lower while 759 advanced.

Ralls, with gains ranging to more than 2 points, acded (From Our Correspondant) 1.52 to their average and were at a now top since April 28, Business done

Utilities alone on the Hong-1030.

rising kong Stock Exchange this mom- neglected,

only ing amounted to $781,078.70, |cents. | Noon quotations and the mom-

ing's transactions:

04; 0); 20000 m 94% 1993 7000 3+ 1905 JI 1900

supplies have 1. Foreign been worked down to a point where

has a major the US. share

for of cotton available export. During the past years, the large foreign stocks cumulated in

1051-32,

the

in

ac-

ot

01

have barring

gramme should strengthen cotton export position.

4. Textile consumption

BHARES BUYERS SELLERS BALEN Western Europe is continuing ond near peak levels

GOVT. LOANS 31 (940: economic unexpected

FK Bank

of

incornes ja

Fort Asia INSURANCES

tinton

20

Lombard

907 015

Underwriter- 1

30

SHIPPING

Waterboat

2017

been worked down to more reverses these countries can be

to expected to be heavy users normal levels, in relation demand and cotton consuming cotton. countries will have to look to the

for United States

larger shares of their imports,

BETTEN PUSITION

2.

3

The

have been have

tol

5. Individual Europe aro trending upwards, which means that consumers

which will have money with

cotton to buy

products and

other goods.

cur.

DOCKS, ETC.

Dock

28.00 200 2011⁄2

0715.00 Provident (0) 13.00 15.00 Wheelock

102 718007

LAND. ETC.

HK Hotel Ik Land

not no-

textile

ruled Closing

prices changed to off 5 punts. The market opened up 3 to olt

New Orleans closed off

6. Valted States cotton points. 14 to 6 points.

in price rently is competitive with foreign growths and this Holiday

influtters remained

condition can

be expected to apparent with business of at evening-up

prevall until foreign production nature originating local wmong

traders.

increases appreciably, texlike

garded as imminent. of ills and spot firm.

Humphrey 1. European cotton

Rcoity showed New crop deliveries

manufacturers, concerned over UTILITIE times heavinest relative

technical realising fol- lowing a gradual three-day rise to seasonni high prices. Operat- ors membered that the Oct. 1985 delivery at Monday's high of 35.36 cents a pound was up 107 points $5.35 o bale from the low of 34.39 made on Dec. 0.

under

ond

Trading volumes

open Interests in the Exchange today

35.300

10,000

dollar position most cotton importing countries is better now thun at any time since the end of World War

This is still improving. and

means these countries are in a to buy much better postion United States cotton than they

in a number Some

are not year.

.countries

from buying as much cotton this country as they would like because of limited dollar change or because of inability to convert their own currency into dollars. Generally, though, the the dollar problem is not important factor it once was in

United holding

States down collon exports,

CX-

#

for Of

Yaumail

300 0.05

10 15.70 3500 - 15.60 07 G 101 0715

... 2.0 2.12

Perry .....

the loss of exporta markets and Tran Alsappointed at falling to earn

Star Ferry larger share of Individual spending for their products, are planning aggressive research and sales promotion pro- grammes to stimulate

der within their own countries.

THE OFFERS

300

300 00

23

a

were

Bix

Trading,

routine affair during most of the session as prices moved irregularly, pleked up sharply on the upsurge.

AIRCRAFTS

Douglas led the aircrafts with (a d-point rise, Boeing gained 3.

General Dynamics 34.

Gains in the hemicals ranged Įto 21⁄4 points in Allied Chemicals

with Du Pont point.

Panhandle Oil, up

$104.

was the day's most active issue and Benquot Consolidated wns third. It dipped 1⁄4 to 14.

DOW-JONES AVERAGES

Dow-Jones closing averages today were as follows:

30 industriata

utilities

29 rulla

2135 21.70 1850 @ 21%

$55 187

40

104

C. Light (0) 18,20 10.30 1100 a 10.30 6000 e 10,20 LIGHT (N) 18.30 18.20 500 of 15.10 50U 13.20

#

Electric

3D 3D

1500 1238 @

Macao Elos. 12.80 Telephone

32

230

3. Special Government pro will create grammes probably

Of all these factors, sales pro- the motion and research offer some additional markets abroad. Foremost cotton

most hope for creating a long there is the plan whereby the

term and stable basis for ex- Volume Open interest, Department of Agriculture will panded markets for United sell colten and other products to States cotton. Pe capita con- be used to pay the cost of defence sumption of cotton in Western support and other United States Europe, the richest area of the activities abroad. Together with world outside the United cotton shipments

the States, is under

only about

one-third 2,037,300 bales Foreign Operations Administra-

capita as great us it is in per tion

this programades,

protexillo consumption has failed

to keep up with increases personal Incomes.

were:

Month

Ma:

02.400

May

1,125,100

July

15.300

$19.000

Oct

0.000

140.800

Dec.

2.75

100,000

Mar

May

Total

3.200

1,000

09,500

NEW YORK

43,000 49.500

Prices of futures closed today

as fullows:

Spot

Mar.

May

July

Oct,

Dec.

Mar.

May

NEW ORLEANS

35.2011 34.83

30.11

INDUSTRIALS

1000 IZ

Dement .... 40 10 1000 a 40

2000 # 40% Rope STORES, ETC.

10

Dairy X Rb. 201 24.70

"

Rs. 10.70

In the United States we have COTTONS

300,61

14030

BLAS

1484/

101.00

171.69

--United Press.

locka

bands

Comm. future price index

New York Sugar

Market

New York, Dec. 28. World No. 4 sugar futures blosed unchanged to 2 points lower with Bnica of 127 con tracts.

- Domestic No. 6 sugar futures. 400 ₫ 24.00 closed 1 point lower to point 25 e 15.80 higher with saics of 27 con-

15.00 trnets.

70367 15.10

433

500

Watsuta

13.00 10.10 1100

19,70 17.00

in

· ་

(N) 10.00

L. Crawford

17.20

Textile Corp 0.75 4.33 2000 11 8.85

Both markets remained largely routine and featureless, dealers reld. Future closings were:

Contract No. 4 (world)

1.00 5.03

Jan.

437

Mar

May

July

Sept.

Spot-icenta per lb. foy

Cuba)

World Rubber definitely established that cotton MISCELLANEOUS

The

Markets

Singapore, Dec. 28. market opened firm on

Prices of futures closed today higher New York market but as follows:

buying was inhinly speculative. The trade and factories showed at this little buying interest

Spot

Mar

May

July

Oct

Dec Mstr. May

34.85

35.11

33.24

level.

35.99

A

35.33

39,03

33.56-68

LIVERPOOL

Cotton closings, American in pence midding 15/16 inch, per lb. were as follows:

Dec/Jnn.

consumption can be stimulated

Yangtze

by the use of restarch and snits Allied promotion, By studying in dividual apparel and household merkels, we have learned what consumers want do not want

in cotton products. Researches Three Rubber

have taken these findings, de- vised ways and means of meet- ing consumers' requirements, and sales promotion programmes have created a demand for these improved products,

in

Plants Still

Unsold

Washington, Dec, 28.

Sept

Nov.

3.17

Contract No. 6-

8.39

0.47

0.00

- 5, 13-

unquoted

Spot-(cents per lb. cl

NY ex-dufy

-United Prem,

5.12.

Grain

Chicago

Prices

There was un active market

On the basis of experience in during the morning but condi- the United States, we have that tions were quieter towards the

every reason to believe close. Puture closings "wern: serious efforts to expand cotton

The Federal Rubber Commis- consumption

around the world No. 1 rubber per 15. Jan. 9434-05

will result in a signil antih sion ended seven months of Fob. 941-41; | W1 Mar. inquoted

demand. Provided negotiations at midnight last No. 2 rubber per Ib. Jan. 941-946 purchasing power is adequate night with three of the Govern

91-92 that cotton is competitive In ment's 27 synthetic rubber DIS DIT 2449 price, quality and sales effort, plants still unsold to private in- 238-5 it is not at all unreasonable to dustry. However one facfiliy 99-100

A lense expect that demand can thus be still may be leased.

been. has

made expanded not only to use the offor present surplus but to attain a Publicker Industries Incorporat better balance between supply ed for the alcohol butadiens and demand at a higher level, works at Louisville. This plant. -United Press. -

has not been operated since July July, 1953.

NEW YORK

No.

32.36

No. 4

Mar/Apr.

52.43

May/June

2248

Spot nubber unibaled Blanket crupo

July/Aug

No, i pale crepe

Oct/Nov.....

AX

Omejal values for spot cottons in clude:

American middling 15/16th dneh 33,04 American SL idding 15th inch 2303 Mexlours middling 1-1/8nd 5450 Ölhers were unchanged.

BAO PAULD

Futures closing prices, cruzieros per kilo were, as

July

lows:

January March May

October December

Futures today closed 5 to 28 points lower with sales of 100 contracts.

Dealer buying and, covering after the London market closed -in enabled the local terminal mar-. folket to regain a good part of an

opening loss.

OWED.

30.30

31.75

31.96

200

33.00

Dealers, however, reported no follow through buying in the spot market. Shipment offerings wore light arid above the market Insulating First a layer

The use of reheat has given

In most cases. Spot No. 1:Ras conta. resin is applied to the wing or

thrust increases in a Vampiro to be protected. other surface

In the United States, the were quoted at 32% As aircraft become, larger, of up to 28 per cent, and Vam- Then a metallic electrical con ductor is sprayed on to the faster, and more numerous, the pires with reheat in operation average price of 15/10 middling Futuro clorings

at 10 designated, spot markets at have flown at altitudes of up of controlling resin

was 34.82 conta. Sales at these in such a way that the problem

particularly

to 50,000 feet.

centres totalled 16,032, bales,- conductor's resistance is varied traffic,

United Press.

atute.

in

bad

to give the desired distribution weather, at the airports of the of heat. For example, more world becomes more and more heat is required at particularly vulnerable points, less cleo- where, Terminals are fitted, to the electricity caringet with supply," ant finally an outer in- sulation layer (also of resin)" is sprayed on and highly polished

to give the smallest possible drag.

years

HAVO

Mr Edwards said that in recent

designers begun to talk in terms of Mach 1.5 at sea level and 2.5. or even 3.0 (three times the speed of sound) at altitale. To achlove this eartote

the Performance, bulk of the engine propulsive thrust must come from, the re- hoat system, and the engino

A British company has deve loped in less than two years a becomes an adjunct to what is

radar set for sirfield control, to in effect? agramm-jet the

a

The múrface finish can be provide the sunswer: -tour-tim cylinder in which the airflow coloured, or, required without problem. This is now in produced by high

affectin

Into a

In bod

then enterze this conditions; at some of

quantity)-production, and its 12a land that,

· Sama on of the light weight training, pilots to Ind of tids system can be gathered

Mar

July

Bapt.

Mer

31.35

Singapore

Chicago, Dec. 28.

Prices per bushel in cents:

. Closing prices by Wheat, No: 2, red

Spot Dec. 233 (11) 232) Mari May

Bept

Carn, No. 7. yello

Spol

Another works not contracted | Mar. for was the copolymer plant at May Institute, West Virginia, which July

* { Sept. has not been operated since 12

The September, 1953.

plant lacks facilities to make for ecó-

Stock Market nomie operations. There was

The no bid for this factory? third plant which was not bid Boot

Mor. May Dais

May

Boybeans, No. 1 yellow

for is the copolymer feciory ni Baytown, Texas.

Mar.

the

May

Facilities not sold will bo Dec.

asandily basis by Hariky, Dec. 29 kept on Closing Opening Government for three years. Fat

July

Sept.

Singapore, Dec. 29. Brokers today quoted following stock prices:

British Borneo Petro-

Laum Byridicate Consolidated:

Brrvosters, • Ordinary

LONDON'

Fraser and Neave - Ltd, Oraszary - LOWVE market was uncertain. Begr%" ouma preč. Prives closet at 28% pence per Hongkong Se Bhangja. Ib for No. 1 Ras spol. Futuron prices words.

London Foreign The

Exchange

Rendés, Bolat

British

60.00

Twenty-four plants, for which New York nour contracts were made can pro

duce 888,600 long tons of geneen! purpose-gynthetic rubber und

58,000 long tons of buty New York Foreign

Router.

Exchange Rates

Exchange

: