1958-04-23 — Page 9

C

TRANSPORTATION

AIRLINER TAKES

OFF VERTICALLY

London, Apr, 16.

ORDERS FROM BRITISH YARDS

London, Apr. 22.

THE world's first verticalTHE shipbuilding con-

take-off

airliner has

ference issued figures successfully achieved tran- here today which showed sition from helicopter to that 39 new merchant ships conventional flight, the of 41.000 grows tens Fairey Aviation Company ordered from British yards announced tonight.

In the first quarter of this

During tests the alteraft year. climbed to neveral thousand feel

were

This brought the total of orders booked in the 12

as a helicopter, then the power how

to the rotor was closed downths ended March 31 to 207

on

to forward- ships of 1,120,000 gross ions.

The total British order book ixed propellors

then comprised 765 ships of 6,331,000 tons,

and transleitud foeing

stubby wings.

New forward The Rotodyne **0 straight, level and stendy

axed flight as a conventional wing aircraft, with the rotor free-wheeling," ment added.

SPEED

the

aanotince-

Twenty per cent of the totul order book was foreign work--- but no contracts for foreign account were booked during the Arst quarter of this year. CANCELLED

of British The conference shipbuilders revealed that 14 designed to ships of 183,000 gross tons were The Rotodyne,

dia-cancelled during the quarter- carry 48 passengers

orders und eight tances of up to 400 miles, has six foreign a cruising speed of 100 miles,per British. hour.

Two

over

driven by propellors turbo-prop engines are used to the forward speed and the rotor terves both for vertical take-off and as an auto gyru rotor for Hft while cruising.

doubt

Is added: "If adverse trading conditions continue, no further contraels will be cun- celled and intended orders de- ferred, but it is

The altcraft will cost between 250,000 and 330,000 sterling-present more than a conventiond air Iner of similar capacity.

THE CHINA MAIL, WEDNESDAY, APRIL 23, 1958.

TRADE and

Int'l Tin

Tin Council Statistics

London, Apr. 22.

Statistics of the International Tin Council show that production of tin-in-concentrates in the Belgian Congo rose slightly to 1,009 tons in December and again to 1,081 tons in January although both figures were below the 1957 monthly average.

LONDON STOCK

MARKET

more

}

Production in Nigeria during January fell to 650 tons and in Bolivia to 2.080 tons.

COMMERCE SECTION

HONGKONG

STOCK EXCHANGE

Our Own Correspondent Business done on the Hongkong

Stock Exchange this morning smounted lo approximately $990,000. Ncon quotations and the morning's transactions were:

Shares

Buyers Bellets. DANKS IIK Dank.. 762.50

INSURANCES Union

SHIPPING Whenuska

...... 71.50

Sales

The New York & China

Stock

Market

New York, Apr. 22.

Stocks déclined slightly today after a series of gains had lifted rails to a new high for the year and utilities a now top since October 4, 1930.

Crown Zollerbach

Steels ruled steady to firm with the exception of Youngstown Sheet & Tube which turned soft near closing time. The motors lost a trifle except American which firmed to a new top. Amerada met selling in the ↑ Consolidated Eliann oils and fell points, but others Continentul Oit of Del. 720 2070 of the Froup showed but little

Culran Amer, Sugar moved change. Coppers

Diamond Alkol Diamond Match Co. regularly. Kennecott fell while American Smelung Armed des- pite a drop in earnings. Utilica were mixed with consolidated Edison a strong spot. Ralls cared, Prime interest retes were cut by many leading banks today 17.00 after some cuts late yesterday.

1.03

603 5.10 1,000 + 0.10 DOCKS, ETC. K. Wharf XD

110 203

100 @ 109 241 Dock

vent (D) 1140 11.30 7,000 11.40 LAND. ETC

Production of Un metal in Malaya after rising in Janudry to 0.678 tons fell to 4,215 toria in February. In the Belgian Congo there was E fall In from the January of 177 tons London, Apr. 22.

December level of 231 tons. Stock markets had an un-

Exports of tin-in-concentrates with settled day

fell Delgian Congo from the small fall then small

back to 80% tons in January after the high December Agutek Hotel 17.00 17.3 3.759 gains.

from! Expocis of 2,101 tons. Nigeria in February also show- ed a full to 341 tons, January'";

from Indonesin were exports only 907 togs against 2,712 in December.

heres Several steel

rose between 1 and 2 shillings, presumably on short covering since there is no strong invest ment demand these days

alco displayed Engineerings come gains of a shilling. Rolls- Royco fell a shilling on its solitary appearance on the tape, Bewaters Paper rose smartly 1/9. There was again demand of the Ritz Hotel, for shares

or low

RISE

Italy's imponta in December

AIR Land

2.000

17.

Ir-

Daugine Aircraft

Dow Chemicals

Dupont de Nemours Eastern Airline

Farman Kodak

F Paso National Gas Family Finance Corp. Firestone Tyre & Rubber

Ford Motor

General Electrte

General Foods General Mətarı

Gen. Pub, Dui

idden Ca

Goodrich (F.) Co.

General Mills ran up more GOO 2,000 17.00 than 2 points to a new top. 5,063 Homestrke Mining gained one 31.50 32.75 1.000 3224

Coming in the gold, Owens 4,000 what'

Fibreglass rade cre-pobit gan Olla held in a 1,000 321 in its section.

3-322

borrow range, Italls showed Heyden Newport Comp Elcartaks Mining Cả only a sight c ange on average. Ingersoll-land

ال و القاب والله

1440 14.00

Fully BUDBER AUTHO

1.30 1375 10,000 ve 1.35 10,000 133

Thet'

A. Tawab.. UTILITIES 'Tram

1.173

7.03

23.00 24.10 10

3,033 120

10,000 s; 129

13.58

Electric

30.40 0.60

thi United Stairs imports of

after dropping to 2,335 metal

In December ruse again tons in January to 2,000 tons, Den- up another 4/-, be remem-

Olls wene Irregular. Royal mark's unports of tin metal foll to 300 tons In February and % but the kered that generally the British

Dutch improved Gider hook enntains a wide range

In the soine of types of ships.

others were down by a shilling French Imports

month fell back to 720 tona Star Ferry "Cancellations live up to the

high Yournal! from the abnormally been much more Clls were quiet but several gure of 2,930 tons in January, C. Light...

of them showed rises of £1/16 taunerous In some shipbuilding

or War Loan gained £1/16. countries overseas engaged al-

a were also high at 430 tons and Continent barged in with most exclusively in export work In the form of cigo ships and strong demand" German fell back in January to 148 bonds ifting the non-assented tens. Imports into the Nether- Young Loan and both the non-lands in February were 845 assunted Potash Loans £1. The tons-much the same Young Loan assented rose £. January-and the United King- Dawes Loan, bath assented and dom figure for February of also not much non-assented, rose £142,495 tong was the Japanese 1st the Tokyo 5 above the January level.

Consumption of primary per cents rose £1, both assented

in the Uniter! and non-asserted, while the metal 1930's, both asscated and non- States in January to 3.959 tons low December from the very assented, fell C

level of 3,310 tons.

Production of the Roladyne will begin as soon as the Fairey ukers."-tetuer. Company start to receier ordern, and it is expected that the aircraft will be in use by 1081,

a spokesman said.

Inquiries had been Aurelved from airline

SEAMEN GET

operators in the MORE COMFORT

United States, Canada, South Amerlen and the Far East. - China Mail Special.

WORLD TONNAGE OF SHIPPING

London.

OZONE

London, Apr. 22. ZONE generating sets are fitted in the galley and other parts of the cargo ner Shiftesbury, latest addition to the Alexander Shipping Co's fleet.

coin-

Shipowners today are peting with each other in pre- viding top-level living accom- modation for their crews

Tankers have set

the

pucc.

THE significant... postwar THE

development in total world. tonnage of shipping In the Norwegian-owned Vesi- was nowhere near malcher fann, now being completed

Belfast,

accommodation

crew

in

by any increase in Britain, will be air-conditioned through- a trades union ̈chlof “said; out. this week.

OWN CABINS

crew.

All crew members of the new —Mr Tom Yates, general-secre- Stelt wanker Hatta have their tury of the National Union of own cabins. There is a smoke- Seamen, said in his annual re- room for getty afcers and ม port "Once we had half the large recreation roum for the world's ship today, we have 28 per cent.

Both the captain and chief have suites-dayroom, "In a world of growing nu-engineer

countries be-bedroom and bathroom-London tionalism with

Industrialised Exprom Servies. is perhaps not

coming rapidly

such a trond

totally unexpected."

- Discussing the question or FRENCH SHIPS

flags of convenience, Mr Yates

said shipowners were agreeing LEAD IN-SAIGON

more readily that action should De taken to deal with "the ever- increasing ammait of merchant shipping registered in Panama, And Costa Iberia, Hondures Rica."

The government, in partner ship with the industry, musi find an adequate solution to the problems-cuter.

FORECAST US

Defence Serretury "In Neil McElroy: the Space Age, men will be

Paris, Apr. 22. RENCH ships led ali

REChip in Saigon

port trame for March, 1958, nccording to figures leased here yesterday.

During that period, a total of

113 ships entered the port In-

cluding 34 from France and 11

for

ruther Dollar stocks were higher though their

premium was unchanged at 4% per cent

Unlied Press,

New York Sugar Market

Now York, Apr. 22. World No. 4 sugar futuros today closed unchanged ~to~~thrappolats – higher

with sales of 279 con-1 tracts. *

Louiesile No. & sugar futures

closed 2 points higher to 1 point lower with sales of 88 contracts.

World contracts were rela- vely quiet with traders await- ing some new incentives,

The domestic contract held steady. A fair demand for rows should

prospect

rose

ST

in Telephone

codyear Tyre

Culf o

Taterchemical Corp.

During the session new highs Inland Steel Co. appeared in Adderssograph which | ! Business Macanes at its high was up 13 points.Int'l Harvester.... American Can. Amalgamated International Nickel International Paper Leather preferred LID tive,

Int'l Tel & Tel. Home Products. John-Manville Co..... American American Motors which led in Kansas G. Power & Light

ecott Copper turnover Associaled Dry Goods,

Liggett Meyers Tou. Co. Cessna Aircraft. General Molors,

Lekhoed Altcraft 200 17. | Gull 01), Heinz Raytheon, 100 17.50 Pazer, Reynolds Tobacco, Stand- 100 1150 1,000 24 17.00 End Oil (Ind.), Texas Co., and

463 1 24.72 Woolworth.

500 20

2004-10

200 20.09 Trading was at a moderata with volume totalling 1,000 1,000 28 30 pace. 1.500 2.00 2,440,000 shares, compared with 20.20 20.40 1,000 20.40 | 2,550,000 on Monday.

2,000 er 2050

1,000.40 On the American Stock Ex- change sales slipped to 880,000 shares from 700,000 shares traded yesterday.

dewr Incorp,

Lone Star Canoni Lowenstein & Son't, Mehananți Atterati iam.

Stock Exge.)

Mesabi Iron

Minicole Mining

Montants Chogical Co. Manlionery Ward Mottuvia Inc.

- National Cash Re: "A""

National Dairy Prod. National Lead

Sew York Central

Olin Mathieson Oils Flevalnes Owen-nots Glass

Oxford Paper Co.

IK

Gas Co.

London, Apr. 22. TJONGKONG and China

HG Company an

nounces

that the wel profit after taxation etc. for the vedr 1957 is HK$1,88:1.224 against $1,814,092.

The dividend already announced absorbs. $1, 279,680 against $1.279.- 38 previously. -- China Mail Special.

NEW YORK • .

RUBBER MARKET

New York, Apr. 22. Rex rubber futures today closed 20 to 25 points lower with sales of 79

72%

contracts.

1121

May

July

301

Sept.

15.

Nov.

78%

Jan.

3817

Mar:

340

Atay

212

20.45

70.43

20.53

28.20

20,10

24.15

Prices eased with the London market where Russian buylig

was reported less in evidence. Local business was mostly be- Livéen dealers, including ex- changes of 18 July contracts in one block for physical rubber, Domestic factory buying in- terest showed a noticeable im- provement today at the lower prlees. Spot Nò... | Rs. quoted at 28 ceals nominal.

In the shipment market, re- ported sales included one sheets at 25% cents and four sheets at 224 cents a peund, both done est out of Java,." April/May, cost 15% and freight.

30%

23

INDUSTRIALS ADEN Can 37 STORES, ETC. Dalty XD 10.20 10.30

1,700 1830

500107)

10.50

19.40

Bond volume today rose

fron 30000 $8,210,000 yesterday.

to

51

$5,180,000

00

30

Foce la Elec.

5160

T'an American Airways Parmount Pictures

Co.

149

1

ZATA

#15

were!

W

1.35 4.40 2,000 @ $.50

to industrial

49

alilies

40

bols

Comm. future price index..

Waliam....

** Kwong 5. X. LOTTONS Tostle 14 4.35 4.80 Stocks of tan metal with

Nanyang conuen-in-the United States. VESTMENTS fell from 20,750 tons in Decem- ber (revised Agure. by the In- ternational Tin Council) to 10,310 tons in January.Reu- ter.

New

Aierd

Sungela

1.70

2,000 4.45 3.000 4.40

.000 4.373 0.0004376 2,000 1.75

201 C. Mac. (Ord.)

York Cotton Market

New York, Apr; 22.

Dow-Jones etcsing averages

20 a

FA

1.1 *Locks

Closing Prices

Alden_inc. Acx--

Alled Chemilgala

Allied Mills Ine.

All Chalmers

Am.. Brake Shoe American Albic American Cable & Radiu

Comp N American-Cynsonid Ca.. Amer. & Forg, Power Am. Gas & Electric Ain. Mach. & Fay.

Metal

Cotton futures today strengthened after a falter-American Sulting

American To & Pa Ainerin Tob. "3"

The Auge. Her

with Amanda Cupper

ing start in sporadically active dealings. far-forward deliveries led the recovery the October 1959 contract penetrating the Atlas Cons. Mining 351⁄2 cent level to set a new seasonal high.

oppear in

Firmness was coupled with July/Aug: 20.25; Oct/Nov; 20.63; during the coming weeks before

Dec/Jan: 20.09: Mar/Apr: 27.29. several factors. First, an un- the seasonal Increase in confavourable government weekly

SAO PAULO sumption of refined.

highlighting summary,

Cotton future closings, in

Contract No. 4 (world): May: 9.40; Crop Jay: 341-40: Sept 343: Oel: 337 complaints of delayed hund pre- cruzelyas per kilo were as fol- Mari 346: May 37: 320

37: parations, seeding and cultivalows: Spal, teents per 1b rob

_ton_in_mány sections because ut

and damp

cool

July: 41.00: Oct: 42.70: Deel 43: "Mar;" wquoted,-

Armour AKUTAN

Baldwin-Linn-im. Baltimore & Oblo Benefient Finance

endix Aviation Corp. Benguet Cons

Bethlehem Steel Foeing Airplane Borden (The). Co.

Burgles Aud Machine Campbell Roup Co. Canadian Pacine D. Care (d. 1.) Co.

Cat. Tractus Open interest; 8,335 vinfidëtt, Contact No. (domestic); July: | persistently

In the United States, the elanese Corp.

C. I. T. Financial Corp. 5.17: Sept: 2.79: Nov: 5.70: Spot weather,

overage price of one-inch cottat | Chase Bruhat, flank Treats per lb. of Ny ex-duty): 5.73.

Other factors included. cx- at 14 designated spot markets | Chrysler Motors Open interest: 2,013 contracts,

Cheft Peabody pectations for a higher govern-Iwas not available. Untied Press,

Colgate-Palmolive Co.

nient loan and prospects that ani Total sales at these 13 ma-¦ Colombian Carbon Co. export subsidy, in kind, it on-kets were 31,040 bales. Unitud | Commercial Credi

down the Press. nounced, would cul

Commonwealth Fire.

New York Foreign up of ton bvailable from

Exchange

New York, Apr. 22.

from Japan while 33 French Closing rules were: ships left. the harbour compared Canada with Japan's 14.

1.03

201 11/16 2.60 11/16 225) 2.00 11/10 Others unchanged-United Press.

England oficiai

30-day

BRITAIN

Australla

Second and fourth were Bri- Lain

the (ale and 12) and United States (10 each way).

Total outgoing ships number.

New Zealand

able to go round the worlded 121 during the same period,

in two hours.

The ships brought in a total of 139,973 tons of goods and

out a combined lons.-France-Presse,

"One for flying. The other for 100k getting to the airport."

101,582

All by own invention. I call is the stairbus. No need to bring the aircraft. right up to the termijal building. Take ilie pusteigers, and the light luggage ...airgigoroth to her and let 'em step aboard în comfort. Bual purpose - does the Hown town can ba well. Specially good for jêts, I reckon. Now if those de Hattivand people had drie ounce of gumpston

gouth Africa

ZUJE

London Foreign Exchange

London, Apr. 22. Closing rates were: New York Montireal

Amsterdam Drools Milan

I'arly Stockholin

Vienna Zurich

2.01-9/10-2.8156 2.72-15/10-2.75-1/15 10.591-10,00}} 139,45-139,00

174422-3745

117016-117094 14.50%-14.50%

71.60-73.63 12.2334-12-24

Others unchanged.--United Prem,

London Metal

Prices

London, Apr, 22.

Prices of metats closed today,

in storting per long ton an fol

Buyers Bellors

73014- 731 73*

the new crop,

Evening-up operations In the May delivery before drat notice day on Thursday commanded nearby attention. Since most of the cerlineated stock, amounting to 23,293 bales, Is owned by spot interests, traders expected tow, if any. initial tenders on contracts.

Franco received two cotton purchase authorisations today, with a sum sufficient to cover the purchase of about 24,000 bales.

Liverpool cutton futures closed up 1 to off 6 English points, piki 501 to 500 American points under New York futures.

Closing within a allai margin of the day's best levels the st ruled unchanged to 18 paints higher at the final gong. The market opened of 1 to 0 points. New Orice closed 3 to 19 points higher.

Чобиль Open interesi

Month

MAY

11.400

$8,000

July

8,000

102 400

Oct.

11.200

220,700

Doc..

7,300

127,000

7,000

161,830

May

143,500

July

93,500

| Oct.

7/200

Total

M

25,200 1.02700 bales NEW YORK

Prices of cotton futures closed

today. as follows:

Spot: 19.05; day: 35.84: July: 30.20; Oct: 36.00; Dee: 37.25; Mar: 31.10 MAY: 37.17: July: 30.61; Oct;

1741 1751% 0.00

lows:

Tin, spot

3-inpath

Copper spot

3-minut

17031

Lead 2nd half

April

TX31

7.36

July

April

Zine and h

July

NEW ORLEANS

Prices of cotton futures closed today as follows:

Epot! 34.03 May: 35.86 July 0231 #30.0: Oct; 21.70: Dec: 30:07: Mar: 457.20 May; 77:20; July: 28.63; Oct:

LIVERPOOL

United Prem.

Agreed Merchant Rates West German Dentichondrick Maximum Selling V1 1/10.

Cotton future closings, in

ponce par lb: wane na follows

American Contrast: May/rtnet. Pay/Aug 30 Oct/Nov *43 Dac/££1117 16.13| Ader/Apr: 30.71: kixed Contrect: May/June1-20.03:

l l l l l l l l l l l l

Parke Davis Co. Penny 3

440.00 Penn. Salt Co. 1974 Philip Morris

76.43 'teter & Gamble Co. 165.64 Pittsburgh Flute Glas

R9.56 Publieker Industrice

Pure O............ 100.37

Radio Corpuration

Radio Corp. Pre

Standard-00-e!•NJy

SINGAPORE

The market opened slightly lower and ruled quiet with some stall interest in lower grudes,

Lowering of nearby continued ond premium of up is 2 cents was paid. Futures:

2015 No. 1 rubber per lb. May 17%

June GotEnd No. 2 rubber per lb May T-

75% No.

The rubber market was easier. with spot down 36, to 23% pence. Price

No. 1 Ras spot

Bettlement house term:

Max

June..

2914-233

་་

H

Nr. 4

30

Bpán, ruüber unbaled

70

30% Bankit arepa

NU. 1 pale rede,..........

011-03 #1-82

Elepublic Steel

4616

LONDON

Navnelis, Meta!

#209%

Sears, Roebuck & Co.

28 P

2237

Shell 011 Co

749

Saint Reg. Paper

Sinclair UA

63

Bocany MobЛiou

163 Solar. Alioraft pr

1014

4)

South Puerto Rico SuguT Southern Co. (Thel

20%

July/9rpt.

Southern National Use.....

· Oct. Déc.

199

433

Southern Лailway (Com)-;; Standard Brands

3715-

Genctal markets;

33, Standard Oil of Cul.

4971

April

20

Standard Ol of Ind.

Kay

Juna

Stoep Hock (Toronto Exge.)

1709 | Sterling Drug Co.

งาน

Estate crepe thin May

Stokely-Van Camp. Studebaker-1ckard Corp.

1232

Swift & Co,

114

6454

Textron Inc

22 Tide Water Asm. Ou

No. 1 rubber

1

Tire Ina.............

Twentieth Century Fox Film

201

No. 2 rubber

Union Carbide

No. 3 rubber

Vajon Oli of Cal,

45

NO. I CEDO

Union Preiße Railway

United Fres

20%

United Alreraft

2016

28

-324

פרי

142 Runahina Mung

Техая Со

40'

United Gay Corp.

7434 11.8. Foll "1!" 10%, US. Gypsum 121 S Line C. 13US. Hubber 40% U.S. Finelting 40% 13. Bloel ... 4316 || Warner Bros.

50%

thick May.. AMSTERDAM

The rubber market was easy. Prices closed today in gulliders

per kilogram, cif May as fol-- lows:

2.50 done

2.14 buyers

203 Duyur Iza buyer

Exchange Rates

· Denitrog—way dene-in-1}~~105)

314 unofilcini

Vzr

morning at the following fateti T'S dollar per 811

Sterling noter iper £11

17% Autralian notes (per £3

10

Bay

thie

1

16 02

4412

Indonesien rusial (per 100) Sium leat (per 100)

United Frem

100

Westinghouse Electrle Wokjern Union Tel. Co, West Va. Pulp & Paper 52% Woolworth

Fingapore (Strifer

FROM

BANGKOK

TO

MADRID

Fly

TWA

CALL TRANS WORLD AIRLINES 32563 OR SEE YOUR TRAVEL AGENT

4.