1955-01-20 — Page 9

OUR

WEEKLY AVIATIONTM NEWS

Page

THE CHINA MÁIL, THURSDAY, JANUARY 20, 1955.

TRADE and COMMERCE SECTION

"Columbine 11" the new aircraft used by the President of the United States, is shown carries transport here in is first night. This U.8, Air Force Lookheed Super-Con^tel ́ation telephone, teletype and radio. Ila electronfo equipment include, the latest fog piercing radar and other safety devices, 1 in fully equipped to carry the Presidential staff and plane crew ou long flights,

Eisenhower's Personal

The

In

Plane Latest Aircraft Efficiency

private aircraft milles." Boty weltes, "throughout to fly the sheduled airways of the highly inrin ditabused regions Yurica, against the background of the President of the between the Mississippi and the of

Canation mustied United States reflects Atlante

Gulf. the lengths to which when -lude the mus, densely "Not U.S. aeronautical science in ed sections of the United States Most of the w roles are

model

of

the Coast, border and the Mexi

Industry which in 1953

than more

30,000,000 Du y concludes: only will this ueroplane

in che t-bru

standpoint

ed. bul

RECIPROCAL TRADE BILL

U.S. Protectionists Change Minds

HOLD POLITICAL FIRE?

Washington, Jan. 19.

The House Ways and Means Committee hearing of Eisenhower Cabinet officials on the Reciprocal Trade Bill reached an anti-climax when "protectionist" committeemen virtually discon- tinued their examination of the witnessed.

Only three Congressmen ask- critical questioning by a half ed questions, of non-contro-dozen of the 25 committeomen. versial character,

when the Former

committee Choirman Secretary of the Treasury.

the Mr Mr Reed, who had led George Humphrey,

Cabinet completed examination of earlier th: reading of his prepared witnesses, explained the allence after Mr Mitchell's statements as follows:

statement.

"When a man in charge of the MrLabour Department makes such

No quertions were asked of The Secretary of Labour, James P. Mitchell. The after- nout session lasted only 50 minuics.

The apparent apathy of com- milleemen known to oppose the Eisenhower programme caused speculation that the "protec- Lionists" had decided their political fire until a strategie ocension.

to

hold more

have

Five Cabinet officers already piled up argumenta In levou at the Copper Bill and the identical Kean Bill, The only backfire bas come

1

M. 13

from

2 ':1 ·

1 น TW cision to accept the Viscount. fight which may well launch new era in air travel. The In the

before years

Pearl Viccant will represent a major Hutbeur, most American aftlar!

at it de to

industry ND

11

1

has gone. The President's, dan al by previous personal plane, portant far or in Cajas de "Columbine II," was a:

speed and efficiency. but "Colum-mpanies Operate I with the hich trelilonally cannot rest DC-3 as their standard aireraf, or relay hot must always pro- bine I, his present both long

trans-continental i gress one, pocs even further. Bugh and short hops. "Follow-develpment."

A new US. die Forte C-121 | ng Work War H" Daty save,

er 335 tes per

will

ان

23 oun feed ha a maxamom

!་4

וין

tis

BHAGATS

mother

age of

first of tr Const a . | Da Adoption I had Su

DC-4 P'uptal now have their Columbine III has a range, with

qualified pilots and Intan V Dont է եւ Transport plene, and tran full fuel reserves, of 4,000 miles The big transport plane

move on the par. of euch ale | the to seek an aeroplane which wuld outshine Barme of us cuma

etitors in speed, runge and Eft 100 PPT toy sal de to operate monomically with tes of varying lengths he gems alreraft, and as many

speed of more than 370

per heur

1.

four Worht

enyttes The

miles

by

18 powered 2,518-horsepower

plane provides practical and effient working space and

mmune.

Tuto

11

telephone.

lightweight

qani

and

new aircraft Telely pe

th Prew 1 rauldly with any

which in deta Communimale part of the world.

The

Stateroom

Presidential

stuletnem has a conference Tabl chairs two-way radio telephones and electric typewriters. It is a DIT- for office during thin day und, two convertible by turning couches into 4-size beds, in a comfortable bedroom at night.

WIN

Six byd, two pulo's and futer Leach N.

have just returned after learning all about fike Vision at Vickers' worky

Weybridge, Surrey.

They

now prepa.ing the

" nine different types of planes and mi m'eunes (astre'ion which whies wil be un by ather uscared to do the job had me been performed by the Copilul plints and engineers. DC-3

For it mulion to the

I

*

In Canada

Dity turpet orts "Capital

king-A is cray art

Ing

mals i al pre dos by pur- chesing the Viscounts"

imaxe.

As the Candid srules are the Jogical Comparatively short

incraft for the company is che

for charter OR-

Gorden R McGrevor. Battle Metoda rin! who is now chlet of Trans-Canada Airlines (who ast reneived the first of Que 29 Voorbund propeller-jet

ni Britain) renor'

$ airline rried 1 420.000 per

027

wikia

ent InTEREO

in

Su Cept al mutates to the big emas, de 1954, a mine

th E sirt Star. we laby

This Viacomt service et n wat Fan

spring. The bug Comoda be to start this raft of other lines.

lanen would making Men real. Toronto, Saull Tong-diriance planes.

the

Lakehead, short

and Marle. Profitable Capital stages. but they at raet Winnipeg.

because

their asvengers

Later, as other Viscounts DTU speed. Dety ways: "It remained for Capital to find an aeroplane delivered. they will go on router -erving both Canadian and ncorporating bolt

and United States elles.

mer

کونی

high-apert

In addition to indiret Beht- Ing. there are Itulividual reading Bgh a throughout the aircraft.

Two other sections of the plane are cabins for Presidentini alers. There is completely for

purposes competitive ronomy of a on fer couinred galley. Including

practical purposes. frigerator.

It discover- ed both these characteristles in the ViscouNË,”

Combine 11! has the latest

and fog-piercing radar

o her Radlo elect-ente equipment, communications equipment in- cludes ave different transmitters and receivers The plane's new reriseople sextan equipment, in Fdien to the regulation long

from

A statement, it made the situa- 1:on ridiculous. His stalcment was of generalities and could hardly be regarded us making any appeal for the rights labour."United Pres.

ot

World Rubber

Markets

Singapore, Jan. 19. The market steadied on over- seas advices and Chinese poli- It ruled steady the lou with sellers

World Cotton news

Markets

on

New York, Jan. 19. Colton prices today opened higher und remained crudual upgrade to the close.

the Finishing around

day's best level, the list was up 13 to 24 points net. Opening prices New were 4 to 8 points higher. Orleans opened also higher. Extension of Tuesday & Lullying tendencies was aided by a brightening export picture for U. S. raw cotton, topped off Mr Secretary by Agriculture

for a Benton's prediction

this year.

The Secretary's

late

whole day Poserved.

Future closings were:

Nu rubber per lb. Feb.

Mar.

Apr

|

2 rubber per lh Feb.

3

404

Spot rubber unbaled

Planket crepe.. No 1 pale erepo

NEW YORK

199:-99%

09-0944

unnvoted

Tool Plunt Plea For Lower

said

In Harbia

Tokyo, Jan. 19. The Peking Badlo today that Communist China's (rai precision tool plant in forbin has begun production.

The broadcast said the plant was one of the major projects the Soviet Union la helping China bulid.

Building of the plant, ne- cording to Peking, "would promote the development of China's machine build- Ing Indusity and lay the foundation for her new tool making industry.”—United Press

HONGKONG

STOCK EXCHANGE

(From Our Correspondent)

Business done un the Hong- kong Stock Exchange this morning amounted to $1,515,295. Noon quotations and the morn- ing's transactions:

IBARKS BUYERS SELLERS BALES

2125 2140 1 2130

און

Bank

East Auto

214

954-00 15-20 0515-Dd 994-99% 9114-02%

INSURANCES

Union Lombard Underwritern

DOCKS, ETC, K. Wharf Dock

Provident

1016)

103-104

Futuris today einged 40 to 60 with sales of 40 points higher

contraels.

The continued paucity of high-priced shipments offerings from the East and broadening 20 dinand from domestic factorles

slu auct

crop

nat ILS- the Senaid agriculture Commite that he price

for gandon BEK, suppor.

be helt ut ve yer you wouku

of parity gave the new

the an exus

I

per cent in overseas shipment of all sizes swept most futures

deliveries to new seasonal highs Dealers reported Ц "good size" business consummated in the spot market. Reporter eats Included

on January theels at 384

in the cents forenoon. But sellers were helding for 34% been Similarly February

donc at 34 cents with further M Beason told the com-i buyers as sellers moved up

three soon buy to 4 cents. February that it will musice,

bales surplus atxul 175,000

tels Went from 33% to 33%

No. cents cotton or Japanese currency in

a pound. Spot aud, lon to 778,000 bales 10 be

Its were quoted at 34% cents. bought with dollars.

Future closings were;

atsu ances given by the Japanese

Trading volumes

in the

-

OVE

Wheelock

LAND, ETC.

50

02130

20 @ 032,50

Trade Barriers

Calcutta, Jan. 19.

The British Board of Trade Minister, Mr A. R. W. Low, pleaded here today for the removal or lowering of Indian barriers restricting the im- portation of some British quality items.

He said at Press conference, "there is, 1 belleve, a tendency In some places to underestimate tho part played by existing British Investment and British Arms in operation dez's for raising the Indian standard living.

" also found a tendency underestimate Bettish

operation now helping

of

!4

establish new plants in India."

he remarked

NEW YORK

STOCK

MARKET

New York, Jan. 19. Stocks chalked up their

Mr Low parried questions re- second session of advance garding his conferences with Indian tu

interess, 14m:rking today but it was a rise only that he bad

declining obtained accomplished on assurances of speedier de-volume with little enthu- Ilveries.-Unlled Press.

New York Sugar Market

World

New York, Jan. 19.

No. 4 sugar futures closed today unchanged to one point higher with sales of 12

contracts,

Demerle No. 6 sugar futures closed unchanged to one point.

of 248 lower with pales tracts.

siasm.

Trading fell on to 2,760,000 shares from 3,020,000 yesterday. All groups closed higher, des- pite sme late pront-luking, and there were a few strong spots such as United Airera, up 3 points to 77: Firestone, 212 higher at $111.

The shift toward a higher market remained as a money restraining influence and moby

market men locked for a period

of considerable frregularity.

Of the 1,235 Issues traded to

271 closed

on the upside while only 287 werd

were lower. RAILROADS

con- day,

the

covering steadied world contract, while switching March to later positions dominated the domes-

249

10

Spot

70 100

10

27.80 260

2750

from nearby

13.80 0

7.30

0 29.07 200

7.30

tic contracts.

35.00

70 71 100

11

100

71 50

1000

71.

500

7000

HK Hel .. 18.50 1500 2000

K Landi

Humphrey

Raity.

UTILITIES

Trom. star fererty Y'inal

C Light (0)

22.40 500 22.40

18 10.30 10G) & 16.30

In world raws, Holland por xly bought another cargo of Cubans at 3.15 cents a pound, f.o.b. Future closings:

Contract No. 4 (world)

ה1 :

Pennsylvania

It im-

best

Railroad WILS the day's active leader. proved 1⁄2 to $23%,

Olls had sume of the

In industrials, with Amerada up 31⁄2 to $216, Mi- Continent a point to $100.

Youngstown Sheet and Tube, was up 1 to $75%.

moves

Chemicals declined, with đu Pent lower at $158 Allied Chemical off the amount to $04%.

to fell 2

1,080,000

averages

New York Foreign

Exchange

New York, Jan, 19.

change bond volume was $4,-

Tito American Stock Ex

DOW-JONES AVERAGES Dow-Jones

on Wall Street today were as follows:-

30 industrials

20 .....

15 utsti

05 stockn

40 borde

Comm. future price index

397 #1

140,20

02.10

143.80

100.71

-United Press.

Exchange Rates

Business was done in the local unofficial

and

same

March

3.17

May

3.10

350 100

July

1.18

300 180 79,1 100 d 190

Sept

While United featured crafts with Its 2 points

air-

risc,

4303 r 18.ZO

Spot-tents per fb, ful

Cahay

Douglas

$123

on_realising.

0000 10.10

100

or 10.

Contract No.#

The New York

Stock

C. Light (N}

18 15.20

LOG

2000 on

March

$13

010,000.

2000 18.20

Muy

0.01

Electric

..... 38% 30% 500

July

1.60

inter

5100 8000

301%

Scpl.)

5.04

chango volume was

Nov.

onus

cents. were

Macao

Bloc, 12.50 T'e.ephone. 34 342% 6300 3

3500 36.75

INDUSTRIALS

Cenest

4.43 Spot-cents per . ol NY ex-duty)ted Press.

0.45

shares.

closing

41% 4214 600 & 43.25

500

1

In the meantime, portedly is In the

bales around 25,000 cot'oli

Spain re- market for of U.S.

STORES, ETC.

Dairy

Watson

(N)

24.50

17.10 14.80 10.40

March! May

34 20

23.95

COTTONS

July

+120

Textiles

6.60 4.70 1000

630

0.70 6.65

Canada, mou England-metal

$1.03-17/12

very

41

Just appointed to take charge Chealleus ut Fighter Com- and Headquarters, is Air Com- modere Patrick Hunter Dunn,

wartime ghter pilot.

interests day were: Month

and open Exchange tom

Sept.

Dre.

Maxch

27.70

MISCELLANEOUS

Yang ate

Volume Open interest

Allied

6.45 0.10 1000 3000 4.40

0.10

unofficial 30-day futures.. Bo-day futures..

2.701 2.03-240 2.78

2.781

6.03 Australla

2 2292 •

2.7715

axchange

market

thin

South Africa

2,782

morning at the following rates:-

Діят

May

July

27.100 020,100

ત.

10,400 184.200

Doc.

54,400

The market was steady, spot Rss were pence per fb.

No. 1 quoted at 29% Prices:

01004%

V.B. dellar (por #1)

3.07

2030

Blerting notes (per £1)

13.72

390

Indonesian rupiah (per 100)

17.70

3010

Slam ticals (per 100)

27.00

who

Mar

1200 €2,700

1735

Singapore (Straits)

1.00

Far

Less

at down nine enemy aircraft,

May

0,000

Total

00.300 817,000 2,997,600 bales

NEW YORK

No. 1 pot Rss Rettlement house term: Feb. Mar. Apr/June

2571-2914

United Press.

Indo-Chino plastrea (per 100),

10.22

2011-201

med up frem Group Captain's ank with his new job, has been heart of the planning branch at Fighter Command HQ for nearly two years.

Prices of lures closed today July/Aug. as follows;

33.03

Mar May

34.37

34.29-20

July

39.02

Estate crepe thick Feb,

thin

281-293 2037-2017 28-20 2726-28 get./Dec. General markcia, cif basis, part

2016-201 Feb.

34-228-34 Mer

29033

Wheat, No. 2, red Spot

Oct.

24.03

He has been in the RAF for

Mar. 22016(H) 22715(L)`

Dec.

AMSTERDAM

May

Mar.

73.19

July

May

Air

tho

July

25.27

NEW ORLEANS Prices of futures closed as follows:

today No. 1 rubber

No. 1 rubber

Total feet of the 71 airlines

nil

the world of parts Therughout its history, Capital | (Runsin and Red China

the Airlines has made use of

cluded) who are members of In.es. aircraft available which the International Air Transport were suited to Its routes. In Association is more than 2,000

No. 3 rubber

Spot

Mar.

34.34

No. 1 crepa

Ox-

May

July

Oct.

Dea,

34.90

Mat.

May

"The Vlacount will after the renge arvination se', chabi's threst scheduled Hime navigator to charl In minute Washington to

nesition at miles) plane's night and on long flights Over water.

del the

A 12-year-old Scot, Air Com- medere Dunn. who has been

Spot fram Chleago (802 for example. Yet Its os of operation between thes? relais will be far less than that

The interior of the plane is absorbs the high short-haul cost

of the long-range plane which 21 years. tastefully decorated, with green by extending the flight another

In 1940 he was Senior carpeting setting the tone.

1.856 miles, to the West Coast Staff Officer in Malaya, direct-

ing air operations against The Viscount will

The

Force Alr

ensure

personnel nsstened to Columbine It Capital's pre-eminent position errorists.

nclude Lieutenant-Colonel Wil-in aviation." Doty writes.

Air who is lem G. Draper, Force Aide to the President and

alen the Presidential pilot.

The aircraft is named for the ameel ower of Colorado State,

the

Viscounts

years later, it was

Future

30.500 125,700

41,109 1,185,700

110,000

LIVERPOOL

closinga, American

NewAppointments midding. 16/18 inch, in pence

**13

columbine. It is in Colorado 1938, it put the DC-3 into ser- airliners. that the Eisenhowers have their vicc. Ten summer home. Since the Pres- the Brst Internal United States operate tho four- dent also works there during airline to

unother plane vacation, his Colorado residence engined DC-4, is sometimes called the "summer which *as economical DVCT

short White House.”

stages. Then, in 1950, the

New appointments are company bought twelve Con- Hellations which were put into nounced on the design alde of on high-density routes. The de Havilland Aircraft Co. service Despite these ruecesses, Capital Ltd, to cover the delegation of went on seeking an aircraft ties between Hatfield and Under M. R. E. of the which would enable 11 to stay a Christchurch, In the current issue

lump ahead. After compleng Bishop, OBE, FRA08, Design Vickers Magazine. L. L. Doty

Via Director, Mr C. T. Wilkins, tells of the special problems and a thorough study of the

Dois anys

"Capital OBE, FRAS, becomes Chiat requirements of Capital Air-count,

an aeroplane which Designer (fatield) and Mr W. lines, which recently ordered had found

dis- combined the chameter stier of the A. Tambliu, AFRÁS, AMINA, sixty Viscounts. He also cusses the vital considerations cog and short-range plants with becomes Chief Descr (Christ- which led to the choice of the out the encumbrance of prohibi-church). Mr J. P. Smith becomes first turboprop plane ever to be live costs." used for passiter service the United States.

notwork

in

feld).

M

Wellgner

A.

por lb. were as follows:

March/April

•May/June July/Aug Od/or

Dec/Jan.

Diela)" value for apot

American middling

include:

32.04

LONDON

Pakistan

Hongkong

Chicago Grain

Prices

Chicago, Jan. 19. Prices par bumaci in pellet

Belgium Holland

Ind'n

The market was frm. Prices Sept.

closed today in guilders per Nov, kilogram, cli Ftb. as follows: Cor. No. 2, yellow

101 buyers Spot 2.30 buyer my 1.75 buyers July 1.90 buyers Sept.

United Press.

Singapore

NOV.

Closing prices

233n

229-31

THE ROYAL BANK

OF CANADA

Head Office, Montreal CONDENSED ANNUAL STATEMENT 30th November, 1954

Cash on hand and due from banks (including

iterns in transit) Government of Canada and provincial government securities, not exceeding market value ...... Municipal and other securities, not exceeding

market value ....

Call loans, fully secured

Total quick assets Other loans and discounts Mortgages and hypothees

NHA. (134)

1

14-

Assots

J07%

1539%

1104

-1203;

324-12314

22,072,390 24,194,181

$ 487,429,065

Ryo

909,888,546

Mar.

Mary

288,188,034

150,306,203

Stock Market

Data Max. May

30

Soybeans, No, &, yellow Spot Jan. Singapore, Jan. 20, Brokers today quoted to fol- Mar May July 33.24 lowing stock prices: $2.01

Jan. 19 Jan. 20 || Sept. Closing Opening Nov. coltons | British Borneo Petro-

Barity, 34/ Jeum Syndicate

Spot Corolidated

$1,881,900,848 1,031,020,844

The insured under

Bank premlacs

770-2004

Liabilities of

undar customers guarantees and letters of credit Other assola

acceptances,

59,340,585

7,152,010

130-1930

$3.028.805.044

Amellors, Ordinary joziie

28/01 21/cd

$2.00 82.00

$0.00 $8.00

New York flour

200 1b, sack

814.760 sunited Press.

Liabilities

Deposits

$2,707,548,140

59,349,568 23,004,400

Total liabilities to the public

$2,879,983,180

Exchange

Capital paid up

Itest Account

03,019.720

London, Jan, 19;

Undivided profits ·

1,504,076

$3,020,896,844

Montreal

M

und

·OVER, 199 BRANCHES in Canada, West Indies, Centre South America Offices in London, New York and Part

18/10th inch eine 32,60

154h books.

Mexican, middling

20.70

1-1/2 inch .................... 3443 Olbare were sinchanged.

SAO PAULO

$1,110′′. #1.114a

Frater and Neave Ltd.,

Ordinary isme Teamer and Neova Lid.,

(9)%%% cum. pret Heek and thanke fil-Blank Corpora

kuloniai” Nei

Mileyni Breweries ..

Singapore Cold Storage PLA

Insurance Stcalls Tradin Braila Meemunip in the United States, the United number average price of 15/16 midating: 14 Destinare alessa at 10 designated spot markets | Pionirkon ik in was not available. Bales-at-those-firsteling-ra

"eumid}♥"Cun contres totalled 26,883 balear Unitech Press,

July

Dec.

Future closings, in cruzeiros Deputy Chief

(Harper kilo were ne follows:

March Peters,

May AFRAES an Furthermore, the Viscount's AFRAES,

ER. Owen Mr E. and

Ort. Chief Acaistant The geographical pattern of riding comicat, low noise level, fainel) and M. Hamil Canalf

unurval freedom from vibration, largo

AFRAGS is Assistant

Chief although it is one of the biggest windowe and other features give

(Christchurch). This American carriers, carrying over the airline additional sales tools Designer 2,000,000 passengers

1983 with which to combat saharpened arrangement will enable Mr with

emminting to competition."

Bishop to. devote, more time to TOVODISEN "more than 40,000,000 dollars. Capital is launching the Vis-the study of new aircraft in their

network covers 8,500 count, the first turboprop plane early designí niago,

London Foreign

Acceptances, guarantees and letters of credit Other liablition

41,809,883