1955-02-03 — Page 9

Page

OUR WEEKLY AVIATION NEWS

To speed up output to beat the threat of B.O.A.C. buying American aircraft the Bristol

This is Company has introduced an unprecedented production programme.

A general view the aircraft in the fore- of the assembly hali at Flitan, showing the upper section panel of

As assensbly proceeds aircraft at the rear ground being manoeuvred into pesilion by crane. of the bay in the foreground of the picture) move forward to the two Interniediate station in the centre and then to the front of the hall for the final stages of construction.--Central

Press Photo.

THE CHINA MAIL, THURSDAY, FEBRUARY 3, 1955.

British Turboprops Being Tested In U.S. Convair

The leaders in the race tu] Teen tested at super: one speeds, deliver the first commercial) the latest RAF fighter, the Hawker Hunter, without affect. high-powered turboprop engling is performutter gines are now emerging, and as each mouth goes by news comes in of fresh develop ments in this all-important feld.

włune zamell Rolls Royce. Hart engre has now 77743 f woll

" quarter nver million hours and i dying in

11

ahribers

expects

to

Three start

R-190 4,000

in the At Beistel

turboprop engine

future

str.p. iminedinte

the 3.320 sh.p. Proteus, which has been selected for the huge Britannia Airliners

the Brush Overseas Airways Cor puration has become the first

of this size Είναι be

turtip

work to

eiparanee

1950

At official

f

tu

for the carriage

PASSENGETS.

In

Bristols export start deliveries of the first con

the plant-power

turboprop, HE 25, which will deliver 4,000 any operating height s.h.p. nt or temperature. And since July of last year The Napier Eland

gives 3,000 been lying

whitet

has

เ

plastic

If

tu

This has been disclosed the Bristol Aeroplate Company. which is now going into large

ale production of the tanks for many types of new British Service aircraft

**

chotee material wag made beriese a relatively low cost and save strukenge Mantecuts, whi In wartime would be requneri for je proefaction.

A plastic tank Is The 25

ཧཱུཾ། cheaper khuzinan, und in Comdaat these tanks are jettisoned as they are empiled.

ber

נאיל

was fine in Korea that the largest single item of air- craft expenditure was on drop- tanks, which were used at the Fate of thousands every week

Tu

the Haku

drop-lanks Bexible in operation, so that any tarik

be *222

utly suvilar type of aircraft, Hristos have devt ograda munber ut standard sizes, and units con- Laining

50, 100. 150, 200, 300 and 500 gallons will be avail able. For some of these

tised

On

have become the biggest carriers of bullion in Europe.

it

Vaurits have been built Schipol where bullion worth tens of millions of pounds handled evory yeur When Rok! leaves the airport the bars are

picked in wooden lakes which ure protected by armed guards ad the time except whom the teenplane is suborne.

Airlines of British Overseas Airways Corporation flying to the East to West Africa's

with Gold Coast are equipped special precious-cargo lock-ups big enough to take 12 bars of gold at a tires,

that in spite of all precautions Hall worth £92,000 has been while tline. stolen, a bar at

West Africa being down from lo London,

EX

Trunk Routes

Air France this year will sup up frequencies on several of its trunk roubes, with the delivery of Constellations, 10 more Super On the North Atlantic frequen- elea will be boosted 1 fighte weekly and 11

weekly Third flight will be miroduced on the

Atlantic South

route. 4682425 Central American route's fre-

I has been possible to make | quency

will be stuntzled,

TRADE and COMMERCE SECTION

BRITISH STEEL OUTPUT

Industry Aiming At 191⁄2 Million

Tons This Year

By HUGH CHEVINS

London, Feb. 2. Britain's steel industry aims at a record output in 1955 of 19,250,000 to 19,500,000 tons. Hopes that the target will be hit are well founded.

Although figures are not yet complete, there is little doubt that the 1954 objective of 18,500,000 tons has been reached, as was that of 1953, when 17,600,000 tons were pro- duced.

steel.

which reflects the

World Cotton tion averaged about 15 mil goods Industries. Is but one in-

Markets

Oil Slick Off

England

London, Feb. 2. Britain ordered ships and planes today to chart the extent and movements of an oll wilck that has killed thousands of

IDA-

birda and dirtied resort beachoo in Germany and Denmark,

The all, spreading across the North Sea, reached the walers of England yester- day.

The British frawler Federation said that In- shore fishing grounds word endangered.--United Press.

HONGKONG

STOCK EXCHANGE

(From Our Correspondent)

NEW YORK

STOCK

MARKET

New York, Feb. 2. Prices on the stock change receded fractions to

ex-

around

a point today, mark- ing the first decline in indus- trial shares in 12 sessions, Trading Was moderately active.

Most of today's attributed W Those

recent

selling was profit-taking.

who tad big profis L

stang stoica de- cided to lighten their holdings. At the same time, speculative sources sought out How's favourites and as a result, a few specialties managed to post How good golas.

As measured by the averages, Industrials closed with a loss of 1.59 to $407.11; railroads de- cline 60 cents to $142.07; util- les were up 14 cents to $81.23. The rerreral market average finished with a loss of 66 cents

Immediately before and for during the last war, produc-extreme pressure on the capital dicution of the buoyant condi- lion tons annually. Since tions now provailing In the 1946, when the industry's British natiorial economy. post-war expansion pro- The 1954 output would have gramme was announced, pro- been higher but for a mechani- on the north- duction has risen by nearlycal breakdown

Business done on the Hong-to $140,82, the unoЛcial six million tons.

strike of coke-even workers kong Stock Exchange this morn. and Steel that brought the great plant at ing amounted to $788,680. Noon almost quotations and the morning's says in a statement Margam, South Wales, Isten 1955 prospects, issued recently, to a standstill in July.

New York, Feb. 2. Cotton prices today held my un even koel around previous clus- ing levels

In stow dealings. the

The British Iron Federation

backed and Illed within a nar- that if the estimated output is row range, but maintained an realised this year, "the industry overtone of steadiness most of should be more than able to the time

meet the requirement of 21

Opening priceS

Closing urouni 14 day's nililon kans estimated sottie highs, the 1st Bnished 4 to 7 years ago for 1957-8." polnils higher. were off Orleans closari points

points. New up 5 to 10

Technicians said the stability appeared to reflect an absence of selling pressure rather than any concerted demand.

Sellers held back pending Formosa development and the weekly report on loan entries, scheduled for Issuance ofter the clo

close.

Conversely

marked buyers time pending Washington developments on tar legislation dealing with price supports and nereage controls for the new

some

the crop ur

news from textile trade and spot cotton markets.

Trading volumes and open interests in the Exchange today

were:

Volume Open interest

31,900 806,000

25,100 1,176,000

Monih

Mar

The

May

July

18,200 601.600

Oct

8,200 200.400

A

Dec

Mar

May

Pay

Tul

the front and rear shells the special effort to provide more

UHT GUITA in Varsily test-ja-me

there y try hing reintres sertion.

bed aircraft.

Already the

Eland

uccessfully emerged

from

at

150-hour Type List

F1

power. To accelerate its night- trtais,

ארגארול!

the capacity

m tel

il

the

the Paris-Londiali

21 weekly to Zurich

will withly Europe result in ten flights daily being operated on in making

drop-tanks, route and

air and Geneva. the standard methods of full

The delivery of the additional craft productions are used. The

vy bidrical | Super Contes will enable these by which

over certain aircraft

to take atrerat fuselages are made has

operated by been applest

services hitherto to the manufac-

The latter will ture of the tank's outer shell, Constellations,

some of replace

Air while the techniques for making then wing sections and frames have France's DC-4's, It is expected been employed for the internal that the company will have a framework or the drop tanks.

DC-4's ind Constellations the additional sale once Super Connier have been re- ceived.

a Elizabethan airliner. upset a Compate 340 are being The re-engined with Elands. Compair

down tu Intensive trials

will

Anserica for

with a domestle uirilne opera- tor in the United States.

In 1954 the production tool- ing Beessary

for quantity mustafacture of Elanis

wwe

Initiated aul, a pre-production series of engines was started,

Shell Sections

for

The U.S. Coast Guard in All the tanks consist of three mala shell sections,

operate with real 1956 will again These engines will be com-

pressure totalcheck internal six ocean weather stations (four pleted this your. and will be

Iranes The complete

in the Atlantic and two in the process m available for use In prototype

uses only the simplest possible Pacifle, with financing provided drcraft. Deliveries of produc-

the Defence Department). tion engines can begin in 1956, tools so that elaborate plant and by

President Eisenhower's budget is unnecesxery.

cut- Eighteen of message shows. high rate

and simultaneously

sked Jaboty 4,000 Consequently a

which will become Available some 18 months later,

The present

Eland

engine away when good

Ls

has an outstandingly power-weight ratio, which

data

sp. Eland is being developed, output can quickly be achieved. ters will be used to keep the that the tank fails six stations operative to provide To ensurO

its a

and perform a horizontal position weather feltismed, and to prevent search and rescue operations.

For food 1955, the Defence any telency for it to parpolse,

provided the likely to be still further im- ain is itted, which is adjust Department

able to sult the dropping financing of 5-2/3 stations but proved when its higher-power

a subsequent characteristics of any

ICAO agreement development becomes available. The Eland is particularly suit-aircraft. This is a unique feature in January 1994 established the U.S. contribution et six stations. able for helicopter use, and has of the new plastic tank.

Australian National Airways

tready been selected for the Fairey Rotodyne which will be flying next year,

Rory

40 Passengers

fuel

with

individual

to

Seaboard

3,100 126,800

2.000 74,000

2,800 200

37.200 200

02.100 2,995,000 bales

NEW YORK

HIGHER OUTPUT

a vast

1 understand that plans are already being considered for

renting

now plant to provide capacity for an output even higher than that projected for 1957-8.

The plant would probably be one of the largest in the world.

ever

east const,

and

DEEP-MINED COAI

Britain's deep-minett coal output objective of ve million lons more In 1954 than in 1953 will not be reached. The Ministry of Fuel

and

Power

sald that in the Bryt A1 works of the year production amounted to 210,774,200 tons, against the required 218,800,000 tons.

Thus, in the last week of the coal

more year,

than six

million tons are required to hit the target. This is clearly im- possible. Average weekly output so far has been about 4,130,000

ils cost would be at least £100 million. the largest sum spent on a single unit, Discuss-tong. lona orc a hr preliminary stage, timing has to be carefully considered lind no site hos yet been chosen.

In its statement, the Fedora- tion sold the intense demandi

World Rubber

Markets

Singapore, Feb. 2 The rubber market opened alightly below London and New Prices of futures closed today York parity and there was some liquidation by holders which was as follows:

well absorbed by trade, where after prices gradually appreciat- ed with sellers very reserved. The market closed steady. Future closings:

Spol

March May July

October December

March May July

35.10 34.03

34 DA

34,10

35 20

34.23

23.20

New York Sugar Market

New York, Feb, 2. World No. 4 sugar futures to- with day closed net changén sales of 31 contracts,

Domestic No. 6 sugar futures closed unchanged to of 2 points with sales of 100 contracts,

World futures held steady on small trade buying.

Dealers

Informed harvest of the 1955 Cuban suger crop is well underway with 85 out of 181 mills now grinding. ! Future closings:

were

No. 1 rubber per la Feb, 10234-100 Bpol-irente per 1. FOB

Contract No. 4 (world)

Mar

3.10

Mby

3.18

July

3.18

Scot

3.10

Mar 1031-1034 Apr.

Cuba)

3.17

Open interest: 3,538 contracts.

No. 2 rubber per la Fåd. No. 1

301-1925%

181

No.

D612-981 10144-202-4

4-85

Contract No. &

Mat.

8.44

MAY

$.50

July

10714-105

34.30

Noy.

5.43

34.01

34.04

30.19

35.23

33.20

33.50

NEW YORK Futures today closed 29 to 30 points higher with sales of 101 contracts.

Mar.

21.40

May

5.40

July

Interest:

Bpot cents per lb eif NY

ex-duty) Open

unquoted

6.47 '416'

contracts -United Press.

35.45

NEW ORLEANS

Prices of future closed today Epot rubber unbaled "

Blanket crepe No. 1 palo "crepe

as follows: Spot

March

Biay

July

October December

March May

July

LIVERPOOL Prices of futures, American mitidling, 15/18 inch, in penor per lb. closed as follows:

Mar/Apr.

May/June

July/Aug.

Chat Nov. Dep./Jan.

32.07 33.00 omdal values for apot cottons include: American middling 19/18th inch 22.88 American 6. Ka mkkiling 7/8th

_inch

29.78 Maxico midning i-lazno inch Hil Others were unchanged.

Covering and Д commission ter- house demand closed the minal marlost on a firm basis,

In the spot market, business ruled with some quarter es- imated sales at less than 500 tons. No. shoots reported sold at 34% cents with further sellers at that price. March one moved at 344 cents and April ones at 30% cents, with further offerings. Spot No. 1 Res were quoted 361⁄2 cents a pound nominal Future cloninge

SAO PAULO

Futures, in cruzeiros per kilo were as follows:

March MAY July

Supt.

Mor

19.50

230

LONDON

29.31

30.30

The market

pic.

35.75-80 35,05-10

34.20

was barely 30.40 abondy.' No. 1 Ras spot warp the quoted at 294 pence par ib.

An automatic Boat-switch can was to get it two DC-GB's on be provided which cuts off the February 1 and March 1. The supply when prossure forward cabin will be used for fuelling to in use and the tank freight and 56 passenger will is full.

be accommodated in the main Plastic tanks

can be made!

cabl a botter surface Anich The Rotodyne will carry forty than aluminium tanks, so that tained an average daily utilisa French independent TAI ob- passengers at speeds much

of 11 hours 12 minutes higher than those of conven- drag is reduced to the minimum, tional helicopters, and thus will and the aircraft's speed is not from its DC-6B fleet in 1954. Western Alr- and be one of the first rotating wing seriously reduced, as the Hunter

lines reports that 1854 revenue airdraft to come into the cate tests have shown. The plastic is

of a DC 3 replacement, not adversely affected by ex- ton miles of airfreight hauled The four blades of its rotor are humidity, and these new tanies the amount hauted in 1853

tremes of temperature or reached 10,000,231, excepting

In the hollow, and are designed to have already

United States, over dve million ton miles. In average price of 15/10 middling Prices carry cold air supplied from

and out of New York per cotton at ten designated spot No. 1. Rus spot .......... 16:30 on the Atrica. auxiliary compressora

A compiala tank can be as national engines to combustion, jets

Airport

line markets was 34.81′′ cants. Sales „Betllament hours termi from sembled

its component carried 3,788,000 pounds, while at the the rotor tips.

centren totaled 17,814 March the total carried bales and climb, parts using nothing more com During take-off

system-wide the Retodyne's power is derived lex-than a screwdriver. In the was 4,691,024 pounds,

Bald three unskilled men can

flight A General Mills-Ryan from these tip-jets, but normal flight, all the power do the whole job in a quarter of render is being installed in a

KLM Lockhood LAMBA Con from the two Blands is suppiled an hour.

Plastic tanks Bro now in to two conventional airscrews,

stellation for testing on the while the rotor windmills

usa on the Canberra bomber, Amsterdam-Djakarta route, Ali- its own spend.” ...

and are in production for the other is to be listed by French Hawk and Venom nighters, independent TAX in De op

from Hunter, Soon the

in service: between. Paris and of front-lino British

nt

It is hoped that the applica tion of the gas-turbina engine

to heilcopters will considerably

reduce their operating corta

site

thereby bring nearer the day mon when they are in large-tonio |

will

seen service.

the

*00 employing the SAnAir. Franco

KARACHI

The market was weak today. It touched the low levels dur ing the day when a lending party declared defaulter and was being unable to meet market clearing

"Priess" In Eupecs, põy maund

have 220 exprometect to Increase their rango. Intocont in testing the recorde in roller int

| 390-ENT, "Sini, Seispol Airpont, Amsterdam, Alpe Carriers Service Corp, use for scheduled airline work has become the centre of the Washington, DC, is the expart|| 280-FNT Punjahu

railer-ginned.. New auxiliary Al-tanks world's air traffic in gold. representative for the General mnado of plastic materials have), And the Dutch airline, KLM, Mila-Fan recorder.

May***

April:

New York Foreign Exchange

2000

€ 2095 50 2100

FAIRCHILD DEMAND

transactions:

Fairchild Engine by far was BILAREN BUYERS SELLERS SALES the most aclive stock with 109,-

900 shares changing BANKS

hands. It

UK Bank

closed with an Improvement or 1% points to $18. Demand for Fairchild was so heavy in the second hour that dealings in the stock were suspended for more than an hour. Investors heard thal the Company Was awarded a fat Government con- tract which it will share with Convoir, a division of General 18.30 Dynamics.

INSURANCES

Union

145 Lumbard Underwriters. 10 20

033 30

Waterboat .. 30 20 Asla Nav

SHIPPING

DOCKS, STC.

K. Wharf ... Dock

72 25.50

Provident 01 14.60

400

Wheelock

LAND. ETC. HK Hotel FI Land. Humphrod Kelly

UTILITIES

Tram

7 15 7.20

1000 7.25

Other so-called "war issues” finished mostly mixed. In the volatile of group, priers were 18.99 2000 16.30 generally mixed. Union Pacific registered one of the widest losses in the carriers. It was down 2 points to $147.

08 700 63

07

2

25 20

20.00 21 13

Sum Ferry .. 103 Yannat!

Ferry

Light (0)

450 # 21,20 1000 1

750 20.00

1000 21 150 150 p 133

190 450 e 180 80 181 17.50 1000 và 1733 C. Light (N) 14.30 63051455 Electric 35% 37% 1000 31 70031 Telephone 12 33% 1100 32%

INDUSTRIALS

Cement

STORES, ETC.

Dairy

....... 23.30 23.60 IN)..

Watson

L.

41% 41 1506 135

Crawford MISCELLANEOUS Yangleze....

300 # 23.60 4000 2316 137521.00 19.10 1000 15

55 14.00 201

Q G 10

issues traded closed lower. higher and 242 at their previous

or the 1,232 today, 804 issues moved 426 clocks held

close.

Stock Ex- change bond volume was $3,700,000,

The New York

DOW-JONES AVERAGES

Dow Jones

today were as follows:

30 Industriais

20 calls

15 Elitica

US stocks

40

bonda

closing averages

407.EL

143.97

60.23

119.83

100.37

171.03

-United Press.

Comin. future price index

International Tin

Agreement

Not Yet Ratified

London, Feb. 2,

Ratification of the International Tin Agree- ment is now more than a month behind earlier forecasts, and well-informed quarters here think it unlikely that the Tin Council will be operating In the near future.

New York, Feb. 2, Canadian dollar rate:

wellend buyers Spot: close 1.93-1/2 103-1/10

Migh

103.3/2 1.03-1/10 1.03.1/32

Eyes of metal interests are al Future: 30-day 1.03 103-3/64 | present on Indonesia and France, to-day 104-28/02 101-15/10 the two countries whose de- 6-month 102-20/1-02-15/18 calons will largely decide the

-United Press.

1.00-5/64

London Foreign Exchange

New York

Montrend

inataguration date. Indonesia's contract to supply tin to the United States comes to an end in March and it is not yet cer- tain that this will be renowed. If it is not, Inrge supplies" "will be thrown onto the open mar

Singapore

Stock Market

Singapore, Febi 3. today quoted to

Tab. Tab. 2 Closing Opening

Brokers kot and accordiler to in circle following stock prices: here, may make the need for an operating agreement very

London, Feb. 2. 2,78.18/72-2.76.17/22 pressing.

Asbateríam

2016-30 Copenhagen

Paris 2904-8938 | Zurich

Oihers, were uncha

97616-97512

British Borneo Petro **leum. Byndicate Consolidated T i'n The necessary documents, proj

Emelters, Ordinary nw before the French Amerithly but no forecast could be made here today of the time licely fo clapse before -- a decision on United ratification,

Exchange Rates biped voting rensther at

・

31/10 33/84

20/-

Free Bad News Ltd.

TV Cum 15 $5.00

$0.60

|

Hongkong de Shanghai

Frashi and Neave Ltd.,

Ordinary arti

Cold

$1.09

Bank Corporation Bo. für Ave, ognstumlag and Mallyn Breweriana,

Celoral Register) $1110: J11107. three prothicica counter have emoMMEN |entified the nanoernent with cony-WGT LAPY®.

Bouth and 081 respectively, compared Burdens www done in the local With 330 cansuming and 200 sal

Brothipant votes required to bring us to

countriem | Hongkong Tin Even when all 11,6 ral1000, sore time will have to 27.70

be spent on procedural matter...

bejabaze.

market the

braz stérking ¡noler (pw £1)

Indonessin - rupilen - (per 100 Bom.. Math (tosin :(per: 100)

FARO CÁLNE Distrus (per 100) 10.15

'2 with div.

-China" Mail Epacial.t