1955-01-11 — Page 9

THE CHINA MAIL,

TUESDAY, JANUARY 11, 1965.

OUR WEEKLY AVIATION NEWS

TRADE and

The design for the new Freno de

under

Jet airliner, the Curapelle anw France, It will carry 91 passenger-Central Press Pholo.

construction

In

Small Air Forces

Interested

The Folland Gnat

A large talk P

川

small air fore. - throngi - sitet

the soil which are finding the the high cost of modern

aircraft is

prablem, have

#

Bendy VELK

Athgether REA pealed a total of 53 fort -

of luch pois

ow Beir

than 12,390 ENT

է-: fighter

Serinus Cow st

The

Jively inter in the s

Folland

God

Teht

fighter. This diminutive

aircraft is to be powered to. by a Bristol Orpheus jet engine, and tiltimately

Near t

COMMERCE SECTION

Page

ECONOMIC LEADERSHIP

Eisenhower's Message

Raises Hopes

Of U.S. Businessmen

By John Morka

New York, Jan. 10. President Eisenhower's emphasis on promoting world trade in his Congressional speech last week raised new hopes in trade circles here that the U.S. was prepared to assure a stronger and more effective role world economic leadership.

in

The President's trade recommendations in his State of the Union Address was not unexpected. Couched in broad and general terms, he

E.P.U. Surplus Stock Market

Anticipated

Park, Jan. 10.

estimates

Preliminary suggest that France w fil show 11. 10-million-duilar surplus in ther paymenis

Ilance

with the E.PL. This is spite of interest payments 1 the

ናስ half of 1934 whatch amount.

ed to 4 million dollars,

This 10-million-dollar

sarplus compares m[> th

12.4

iu

million

surplus November and a 33-million- dollar drück in Decem- ber 1953 -Chinn Mail Special,

appealed for a programme of capital expansion and technical assistance. HONGKONG

He stressed the importance of lifting world standards of living and urged a programme of gradual reduction of tariffs and other obstacles to expanding international trade.

an

ther President's

The President was roundly year extension of the reelproent, implement

without at- ccctiomie programine. broad trade programunka,

inkie,sed both her und

for his failure last year to press tendunt authority for his forelin economic pro- tariff reductions

Tais gamme as mutiled last year in

усст Commission the Handail

Itrat circles emphasise up the President's foreign both Europe GŁOW programme.

kality hot bats for the

a high

A

vitar

The

your of Vikinga Putal of well

passattager

airline

both

DVIT miles

4.200 mullor CIVI

"

with 'a

Alarcon ab

rabuuled

1

More than forty alloca

will attain supersonic Moo speed in level flight.

Allmagh letar e

on the Orplicia de par

4 year agt frurale

undergoing conmang sam

of the development wor

already beati

of the PTURATI

than had beato

We design began

The Best Gnar artha NENA engine is expected to 11.

Aummer of 1933 but the powered prototyje, The which has only Ghat's

POWL 1.

1

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HOW

ted In

apatu. Veevania

T

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). 1 the sand Tan Trendez

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W.

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1:

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1 diferent

ajata, and four GovernmentS Men wver they war chosen in

Jamlard E

Sangya's Pilgbt, which is

tale for carrying

That

יון

All

Rosal Family

ADN of their

1000 VOY-

of Hate And Whey are

operating suvets fully,

natubly

in Antra, India, Egypt and teenial Afra 4. well as sevatel altug courdekes,

POPULAR FILM

le

In

World Cotton

Markets

mcan

Tho

STOCK EXCHANGE

(From Our Correspondent)

1 $947,700,

$13 145 k

Bon

4

Lederwinek.

Praviden!

JONNY

DOCKS MIN

206 #12

194

13

14

The

Investigation

Opposed

Washington, Jan. 10.

Sen. A. Will Robertson, a kry member of the Senato Banking Committee, has op" | pered a Congressional investiga-

ion of the stuck market boord..

He said he trusts the Trea- sury Department and the Fed- |erál Ħeserve Board to take ap- propriate action if the bullish

market showo signa of serious crash.

Sen J 37}{{ladn Fulbright (D-Ark), Incoming Chairman for th, Banking Committee, pro- posed a "study" to determine whether the zooming market threatens to upset the economy. Indications were a majority of The committee would! support him if he pushed the proposed inquiry

But Mr Robertson said he no need for Congressional action now He said he expects the Federal Reserve action In maygan equirements razing from 50 to 60 per cent to "slow down the tempo" of the market.

Singapore

fur further Democratie Speaker Sam Ray. burn designated as "H. R, 1, trade a bull to extend and thereise the however,

towe that, with Pres.dunt's authorky, to

He said the trade bill and the U.S. at wariffs, The Lice of the peak of economic booms, the would probably be the first to! throng opposition from proteine Wit ripu for strong seen the flung of the House.

Business done on The Hong-climb. was also on C-mended gislators with a Pesidential ndership in enact

introduced by Rep.

Shock Exchange this

He suld much of the stock" Cocper,

new carrying on the Jere

moning amatinskod his own Repubtienn und og measures

market

In the past purchases Chairman

the Nour Democratic Cha avowed programsne Demografie parties, the President President's

olafons

year have been made by invest- House Ways and Means Commoning transactions for world was forced to settle for a one-

develop- economic

funds, they ment bankers and jurisdiction ntere

Eure of the Congress mittee, which has

know what they are A similar ЯHARES BUYERS ST3 RS SALES

doing, hi to make substantial progress in over the legislation,

"He HANKY

said, and stocks ure not yet over- a bill wus

by this direction would

Biso introduced substrustial setback and loss of publican Rep. Retiert Kem. Both

994 1990 pred from their standpoint.-

United Press. prestige to the United States the Kean and Cooper measures

for an economi: and

in co-operation INSURANCES werd lurence Bandiri, Prezi | political leader in the East-West with Mr

cold war.

dential consultant who headed the Randall Cornmission. PRESSURE GROWING

Strong

is antleipai- opposition is In recent months, pressure hus been growing from U.S. alles ed In Congress to the President'. both in Europe and in the Far programune cuiling for, amon

vidyir measures, a three-yer ex- LAND, EIU East for new approaches for ex-

I totel Prot-taking efter a thre, panding trade with Communist tension of the Reciprocal Trude

the and

Soviet bloc. Agreements Act and authority

HK s day rise, for a cumulative Koin China

existing turiffs up to

Humphrey of around $1 a bale from last Failure of the President to pro-

Really thren-year forceful 13 per cent ever successful

* week's lows. found trade buy vide

and leadership In chacking his period, er mestly satisfied.

programme this year Trading progressed quietly, crononde with a good part of the specula- would give an added impetus to

ive talent more interested in

of East-West, and proponents The stock market and the wide puse a serious challenge to U.S fluctuations in woni, rubber and rad: hip world affairs if it is

hold,

the Democratte teadership could Krains.

President's Inftin buoyancy reflected a

foreign | certainly ensure passage of the small week-end secumulation of ecmomie policy got off to an main points of the Administra- hedge selling, and a notion that auspicious start as the 84th Con- tion's Foreign Economic Pro-

The

Democrats are gramme. com-expected to provide strong ad- ministration backing to dodge

New York, Jan, 19.

sturteck Cotta fulares today with gain up to 40 couts a baie but gave up the advantage in Lir dealings

A Dm of the SBAC. DR. Ly which was held at Forn-

* 1954 1 likely praat one of his most popular dovemcatarie. over 11 we

Worked Bride Movietong News, and is distesafed by 20th Century Fox. Tur general r

se in Creat Britain will take

the third week in January, tout fiready it is show

13 key cities of FY

the British fles

it

depicts

altro on the lows m dan kry's Closing annual show in coluer, using the the list wos 7 to points;

Opening prices were new Wal wheen of Cinema- net,

Orleans points. New Fastmn colour is to 8 Ta ruch without ng exaggeratet. closed off 4 to 7 points. Put the w

Trading volumes and opening reen is partien-

Ai

3:

wad the Avan 20 desdetom Seate whk Bars Barfly to be dehverni to the South African Air Pacco

rel The treat

the Fisher Cveta, which trig

For tab mera Ph Pita bre Canberra 1-1 wirl ave

her

4

Tastin

altet.

dived several fir

sound barne

The Orpheio

ROH

J

extremely light for at

t

thrusi jwer output,

Dendable Ex hac and i

with be of the same

... $

lus Let achieved

1

*gne spraw kod po

K

other modern ligleris,

The

ambulance to pwople lexont

the remote plus the w is often not fully

In Austenha the Piss Do Service" and

Tho Air Andudate

R

›

French An test centre, at Bretty

Fr the test time, the Thaisg aft

to

11604

BRITISH GLIDERS

1, row.

www.ny-tw

The

of

apart from the tall-end move- ) gresa convened for ment of new crop innings in under Democratic from the Far West, the peak of trels.

Its

nuw

to rescue

Whites, d

UTILITIES

13 70

13 40 15 20 3000 - 36**

1000 15.40 401970'

brity 504, 75.40

215 220 3000 24775

Tramm

180

1500 22

Skar Ferry

132

200

153

here

Yati Ferry

172 300 g

git T0 1 10.70 100

$5,00

209 600 10.00

4420 2014

18.70

FOREIGN OPINION

trad: Foreign

choles emphasise, however, uint a Com- bination of Presidential fender- ship and favourable action by

the marketing season has pas Little time was lost in intro-the President's foreign pelley. ed.

ducing legislation designed

larly well uited to Lhotography interests in the Exchange today

In

were:

Moth

March

Vuluine

Open Literest

40.000

021 000

27,500

1,100,300

13,000

164,700

10,000

j04,200

December

3.700

51,700

1,400

50,300

2,100

610.200

109,600

2,081 000 bales

NEW YORK

to providing it moves along current

World Rubber

Markets

on

Singapore, Jan. 10. After opening stendier trade support the market eased later

and became irregular to Future close slightly steadier. closings:

Prices of futures closed today No, rubber per 1. Jan. 45-49

of the last way

Farn- at borough, where the Intest types Interest she sat

of evil and military aircraft aro

May before to brilliantly demonstrated mde glicers 1. conINUE

July of October inamufacturer, the Ore

largest

assembly

the peronautical Sim by Suchplates Lid, I now

experts

March world. Cup plynog givers of all types to

May Tutal When the general release in traen, fre 1954, xumë lë për ank

the Great Britain takes place, of the company's total quipe Blm, which is fillugly entitled British European Always p' - will be expon, while two new

This Supersonic Age, will be similas form"

bela

which have i 13.

1.

SCHOTT through the acused bring skilled medical traitem

favourable OYPTIANS

Įvolt ry „quipped with Cinema- swiftly within reach of the SwK comment, will come bito pro-

The world

world premiere of and

where uther duction They are the T42 and |-ra - Superronie Age' was held

of means of

do the Skylark 2. a single-seater transport either

on December 10, but པས་ not exist, or would be loo slow

advanced design and perform-

the distributors have received orders for more than The Indian Governmunt has 450 copies, utad the final dc- recently placed an order for 32 und will probably exceed 400. Slingsby Sed

Sedberghs, This type 330

are being sent to 330 copie two-enter trainer in which

and Cumada,

to be effective.

The Air Ambulance Unit operates among the lands

ስሮ

and

i

ls

highlands of the west coast of Scotland. Since its fomiation 1 has carried

than more

2,500 sick or injured people to how pitals on the mainland. Now t is to be re-equipped with tw de Havilland

four- Heron

will when engined airliners, provide a muen her and.nd of comfort for patients than has been possible in

the past.

B.E.A. ROUTE

The Crous will ato fly

011

is

Be

America

Pary

Grinds,

Light (N) 15.30. 1842 Excele Mceac See 12 Telephone

Stock Market

Singapore. Jan. 11.

Brokers today quoted the fol- lowing mock prices:

170 British Borneo Petro-

5 35 200 35.

4:00 - 39

leum Syndicate Consolidated

mollern. Ordinary Jus

Jan. 10, Jan. 11

Closing Opening

ja 35/.

28/04

20/6d

$1.05 $1,000

Frater and Neave Ltd.

Ordinary issue a Fraser and Neave Lid,.

71% cun, pref... $6.60 15ongkong Shanghai Corporation

Register) $2,045 Malayan Brewarles. $4.00

Bank

(Colonini

3004122 3002045

Raffles Hotel

P30 131

Storage

1044 17

Both Drius:

Dairy X. 24.20 24 m 41102120 Bingapore Cold

ENDUSTRIALS.

Cement

E

Ropu

STORES, ETC.

Walon

321.5.

IN

1. Continu

Toxides

BALL 17

$0.60

$1,046

$4.00

$2.75 $2.75

$1,00

$1.02

$20,25

$26,23

$24.00 $24.90

417.00 $17.00

United Engineers,

47 04 1000 W 2006 9.30

Ordinary" besue

$13.20

$13.20

9.4

Werne Brothers

$2,00

$2.00

Motugkong Tin

.0/3

1/3

Peining Tin with the

$3.60

$3.00

4.33

-China Mall Spectat.

Insurance

139 14.30 2010 2014 692009traits Trading...

Nabymar MISCELLANEOUS

Main opposition to proposed Is expected to come legislation trun throw ranking RepubliconVOTIONS

the of members

Ways and Moons Committee..

Former Chairman Rep. Dunkci Reed,

member of the Committee, he fed the battle last year in de fing the Ram

Randall Commission already

to any leaver to

programme and has

opposition Voked his programme designed American tariff barriers at the expense of American Industry. Another vocal opponent

is Mr O. R. Feb. 4-044owered tariffs

of the Mar, unquoted Strackbein, Chairman

of In- nation-wido Committee

end Labour dustry, Agriculture on export-import polley, he cažei the

pro- Randall Commission posals as "bad for the country"

United Press,

30 050

34.59

No. 1 rubber per lb. Jan. 1334-04

Nu 3

a1-03

34.53

No. 4

904-01

33.09

Spot rubber unbated

94-0415

33.03

Blanket crepe...

U7-80

25.06

No, 1 pale crepe

9E-09

30.19n

35.341

NEW YORK

Futures today closed 46 to 85

today palats lower with sales of 74

as follows:

Spot

MAT.

May

July

Oct.

in

Dec. Mar May

NEW ORLEANS Prices of futures closed as follows:

34.15

bril

Spot Mar Atoy July Det.

34.00

34.02

25.11

primary

defensive,

Dec.

Mor. May

contracts.

Profit-taking and a let-up in New York Sugar

manufacturer buying, plus lower cables, kept market

33.65 terminal market prices

30.07

35.27 35.38b

on the

Market

Allied

raits Steamship

Black Marketeers

By Peace

Hit By

Peace is not so marketeers.

the

A Unilet Pas survey of dingy dealings from Hongkong to Hamburg shows tint with postwor few exceptions

hne almost cranemie rewoVITY

illicit Lending wiped out overything from candy bara 15 New York, Jan. 10. In the spot market, dullness

World No. 4

sugur futurcople bars that flourished in the prevailed with a limited business reported in one theets, March closed today unchanged to one difficult days immediately after delivery sold at 32 cents, then point lower with sales of 140 World War II. moved at 31% cents, a pound. contracts. Spot No. 1 Rso was quoted 31.45 nominally at 31% cents a pound, 33.38 Future closings: 37.2€ Mar. 34.21

May July Sept. Dec.

LIVERPOOL Closings, American middling, 15/18th inch, in pence per b. were as follows:

Mar/Apr.

May/June

when the

July/Aug.

Oct/Nov. Dec/Jan.

Mar.

Domestic No. 0 sugar futures closed unchanged to one point

with sales of 37 con lower UWH tracts.

World futures held steady on 3110n light trade buying and scatter-

31.03 31.30

30,65

30,70 30,50

ed selling.

London, Jan. 10. wonderful for

black

Chicago Grain Prices

Chicago, Jan. 10, Prices per bushel in cents:

Closing prices Wheat, No, 2, red.

Police officers around the world Spo

May alment

at beating July smuggling paid the old-fashioned kind of Mar, 20161H) 22015 (1) customs duties and similar taxes Sept still goes on.

Nov.

Mar,

Sept.

Oorn, No: 2, yellow In addition, new kinds of Spot black markets developed-forged May, Domestic futures wern

paintings, praling of derigns July shado easier

traders from while

hOD NOV. Paris fashion Tho-market was barely alondy |awvolted raw market develop narcotics smuggled

nowly Ryd rich Middle Easterners who can't Mar. with spot quoted at 20% pencements.

of millions and May spend their

Oats Conminist-aided sumggling.

LONDON

plot and instructor sit side-by-twenty-two other countries will Fide, so that training can pro- ako et, including Australia..

nore quickly and surely New gress

Zealand, South' Africa, Hongkong, Ban with tindera seating. it is

Singapore, Colombo already in service with Beltain's India, Pakistan, the Phillipines, and R.A.F. Slam, Panama, Ecuador, Vene- Air Training Corps Reserve Command,

zucia Puerto Rion, Cuba, The terminal

Vickers Trinidad, of

Argentina, Brasil. Mexico and Viking airliners which fly over Chile,

to Africa Uruguny. network of routes

ta brought closer been hus

Since tho war, London. The Vikings are oper- achievements of radar first be, of camo generally known, It has

Official values for spot cotton In- ted by Airwork Li

Frlush com- been realised that metal ob- clude the Independent the regular B.E.A. route from

panies which

SL mlading 14th inch 29.00 are now injects such as aircraft and shipy American middling 10/10th inch 32.08 Glasgow to Barry, which

enables Mexican which

191/32154 middling an echo maintained more for its social from strength to strength. For give

34.01

• middling Inch passing passunger their position to be determined value to the Juhabitants of the the convenience of

Others were unchanged. the Vikings: terminal has been by the radar operator. But it is area than for its commercial

SAO PAULO from Blackbushe in not generally known that water value, The 'area is so sparsely

moved

Futures closing to London Airport can also give an echa on a of Hampshire populated that the number potential passengers is zela-

nt Heathrow. The service began screen, Tals feet is emphasised | cruzeirog per kilo tively email. Consequently, the three years ago, and it has beby recent orders for a radar

como increasingly popular with equipment. placed by the Royal] March fact that the 17erono require

and the British Army. fewer passengers to cover their businessmen, Government off- direct operating costs than any cluls and globe-trotters. Fro-These sets will be used for ob petober other aircraft in

the United State, the the B.E.A. quently passengers are able to serving the fall of bombs and December Bleet will

sca, by detecting Important save about 20 per cent of the shells into the mean

average price of 15/10 miding the maintenance nominal airline fare by travelling the columns of water raised on at 10 designated spot markets Estats crece thick in economies

h one of the fleet of eight Impact with the surface,

was 34.10 cents, Sales at these Airwork oper The radar apparatus ordered contron totalled 31,469 balça On their ambulance missions, Vikings which

ls a special version of a stand- United Press; the Herons will be required 10 ales. take off from and land on gra

of the service.

Air

stripe and even on beaches, so exìmpling is an outstanding ara Decca equipment for nir-|

the Lincolnshire coast at Saliheut

follows:

January

July

prices, in per 1b Prices:

No. 1 spot Tian vi were

a settlement house term:

· February

unquoted 35.40

3.30

March...

*150

Exchange

CI successful fore field-control, The R.A.Fr-new

will be installed at their remarkably short take-off thought on the part of the set

The New York Foreign of deaign' loem. They and landing, runs will be

started practice

tice bombing range on the in 1944, when great value, enabling the pilots work

even la mountain- awa to build D 27-50at occasion on which the RAF Partioty, When nerodromes medium-range airliner. By Jurie has used ruder in this way. The Canada

al Army's set will detect shell England-unomajal

#plashes from guns fred on the

to alight within a few miles of end of the war was still a year and it will mark the first

the

olts

are scarce.

1948 the first Vicing whe

New York, Jin, 10

Canadian dollar. rata: buyers

sellan

When the Herons are do-ready flying, and into ruine rango at Shoeburyness, and will spol Jivered to BEA, in the spring,ing year it went into

Although 180, alvorut also make it bakter to locate

they will replace de Haviland te power? precuned, any shipping Watch Thi Dragon Rapide biplines. The of. D.H. Dragon Rapide made its including

than on the. Tangu duria 3 tarrat

"Initial flight in 1934, and the 60 for export. Thopp menu, praption: thus improving the Arab miroraft of the type to be facturais built 140 of the planar present stringenti etym pre- Built-Instill in wervice, maro in the two years 1940 and 1947, cautions,

Apl/Jame

July/September October/December

Mari

But no longer, can cigarettes May

3.176 be swapped, for love in Europe Soybeans, No. 2. yellow

or elsewhere os they were in the Jan,

Future closings:

I

28-2814

| Contract No. 4 (world)

March,

May

3.176

July

0.17

Бре!

September

General markets, cit,, basi

Jantiary February March

Bpok (conda per 3b, fab Cuba) "337 · Contract No. G

March

May

-4.01

Day,

wild month that followed the Mar, B.4V

May

July

July

15,00

September November Bpctfoents par lb, elf NY-

0.055

MUST BE LOVE--

Sept Nov.

0.051

Barley,

Nowadays,

Spot

0:46

United Press.

Chin AMSTERDA

Thoʻmarket: was drm. Prices

| closed- today, in guilders · "per:] kilogram, -{[(Cij: January: ns : fol-

No. 1' rubber

· No. 2 rubber.

No. 3 rubber

No. 1, arepe

buy London Foreign

3.72 buyers 2.09 Dur

363 buyers

Exchange Rates

Exchange

as United Press

staff correspondent Wendel 5. New York flour Merick cabled from Hongkong. 200 lb. mek

૫૧.

Jove,

you can swap cigarettes for

It must bolova.“

servicemen and

their

L'ate still a problem for

West Germany. Troops get their

mokes, bylons and coffee much

cheaper than the German. And

DOW JONES

AVERAGES

Nów York, Jame

The New York stock",[uarket

that means come underhanded opened higher today? The Dow

rado, despite the villano of Jones closing ANTAGON

military and civil authorsies, foll

and the restoration

Tha, Cormier blick 2 market de