1958-04-24 — Page 9

ATRANSPORTATION

FATIGUE TESTS FOR CARAVELLE

ORDI

Toulouse, Apr. 23. RDEALS by water, pressure and sound are

the testy adminis among tered

pre-production to Caravellen at the aeronau- tical testing hiboratory of E.A.T. in Toulouse.

il

ATOM-POWERED

MERCHANT SHIPS

IN

London, Apr. 24. NUCLEAR POWERED merchant ships of conventional size are un likely to be competitive for several years, Lloyds Re- gister of Shipping annual

sible

THOTE

THE CHINA MAIL, THURSDAY, APRIL 24, 1958.

TRADE and

The New York Stock Market

New York, Apr. 23.

Stocks experienced a flurry of strength late today when former Secretary of the Treasury George M. Humphrey issued a statement on the US economy.

had

National Dairy Prod. National Lead

Naitonal Blent Cord.

New York Central Oil Malowan 011+ Qwenators

Stocks closed well above their lows but the rally failed to carry through, leaving most prices below the day's best. report for 1957 muid today. International Nicket, a weak But the report was optimlalle | spot, fell mire than 2 ponils on EAT EAs)lissement Aern-i

that future improved types of another 10 per cent cut in nickel nautique de Toulouse — 18

fuel will not only make pos-output set for the first of May, government-Uperated laboritory

compact power sevenil special

issues serving the French aircraft in-planter but will permit longer losses running

from 1 to 3 dustry, Mont of the equipment period between refuelling. palnis. Autos rule firm and Is staff Invenifed agel run- It noted the "essential" need | several of the oils managed to

for more experience in opera-} zegurd gains.

nuclear power The Caravelle testing pro- tion of marine roonine is the largest in EA,T. | reactors and improved reactor anming the desires and paid tribute to US history ant ranks mod extensive anywhere in the and Russian projects In this world. Two prototype Cara- | teht veller have been inili by Sari-

ructed.

Aviation rachisively for these RELIABILITY

10.

HUGE TANK

Humphrey, peaking at the aut eting of Seel Corp.

Oxford Paper Co. Pacific Gas & Elve

Parke Davin Ca

Penny, J. C. Ea,

COMMERCE SECTION

HONGKONG STOCK EXCHANGE

Our Own Corrispondent

UK'S RECORD IMPORT Consumption

OF COTTON GREY

London, Apr. 23.

The United Kingdom imported nearly 45 million square yards of cotton grey cloth during March, according to official details published today.

Business done on the Hong- Stock Exchange

This

Trude quarters belleve this is

total morning amounted to appro- the largest monthly

on

kong gely $400,000. Noon quels record. It was entirely due to tions and the morning's trans-unsually large arrivals from the Chinese People's Republic which bent n record tolal of 18 million square yards, an emcant exceeded only in rarëve. casions in the past few years by Britain's normal chler "adp-" plier-India.

304 DOCKS, ETT

Buyers Bellero Biles

700 700 100 783

19

6.95 0.10

1150 45

130 11.0 2000 11.40

101003 of 17.09 90532 30

NEW YORK RUBBER MARKET

New York, Apr. 23. rubber futures touhy closed 5 higher to one point lower with sales of 24 contracts,

Imports from other areas. of the Far Ear were also intTRex than those received la February were only when total importe 600 4.50 24.8 milion square yards, white In March last year Imports totaled 32.3 non square yads.

actions were:

44

14 DANIE

50% Tik Bank

Union

1422 INSURANCES 33

915 47

22: 71.50 SHIPPING"

WhreMick

56

Pan Americas Airway)

144

K. Whif Dock

Paramount Pictures

TE #1

Provident.. LAND, ETC.

C012

75

IK Hotel

.. 17.80 515k and

.. 32.50

Horoplueys 14.40 14.00 Realty

1.00 1.5

Analg

Teur!

1.75 130 1.175

Beer, Borbuch & Vie

23.04 26.40

11 '

Star Ferry..

Tú

Shuumats

14.30 OLEO

10.

C. Light

17.50 17.00

2050

Electric

... 2810 20 50

ino

100

20.30

200 28.30

1143 26.50

20.30 20.30

Penn, Halt for Phil Mort National Procter & Gamble Co. of which hutsburgh Plate Glas

Pubicker Industries Chairan said the nation's eco-

Ptr Oil hony casting aloud at what rerni, to the bottom and the next move should be upward.

DECLINE

Du Pont led the chemicals up following a general decline la Stand group

it

צ'ו!

Radke Corporation

Radio Cos. Pret.

tepublie Rimed

Heynokin Mrtal

Solo 134 C

Saint Reg. Paper

Sinclair Oi!

Secony Mobikat

She Aircraft

Sorth Puerto Rico Nugar

Seathers Co. (Thy

Southern National Gas Southern Ballway Com.) Standard Branka

Standard Oll of cal Standard Oil of Ind Standard On at NA. Steep lock (Tornio Expe Stering Drag Cu

Stokely-Va Cam

♫

Studebaker-Packard Coup.

Sunshine ning

Swift & Co.

Texas Co.

Textron Ine.

Alterafs improved with long at fractionally higher. Amerada gained a point in the cils which had moved mutron- ly thost of the day.

Consulated Edison rose

high in the point to utilities.

Among the issues making new

American were

L'an, Signals. General Railway General Mills, General Foods,

Mining Bonestalte

South national Tell phone, American Gold & Platinum. Underwood, and United Indu:- taice fur

Paid that while The report experiments so for last shown the solubility of maidne muelen One of there is now had reactors En operation, “The com~ costs and a capacity of biration of capital huge tanit, with

hot at present 1,500

Long of water, on the fuel cols EA.T.

The wings offractive to shipowners" grounds.

Kennell Lloyd chaizuna, project through the walls of the drydock-like tank.

Felly, and the increase in the number of ships milling unier Fatigue testa, schedulede loj "tags of convendetiee" was one simulate 30,000 flying honing, † of the fentures of 1957. -will begin in this tank in early Others were political "ubstruc- Juke. It each test the alreraft | tions." which he said Lloyds will encounter the same stresses faced in some arts of the world. and loud as on an netuak) and the reduction is orders for takeoff to landing tritish shipyards. Blis, from

Water pumped into the fasty which countries the political the one lage at a higher pressure than obstructies camas from.

sud: "On water well surrounding create the same conditions at in band we, a non-political body. obstruction front with roce! the pressurised area at high al-

molives and Jarolitical

on the tilude

Either we did that few, if any.

dispense with Al the same Ume, jocks ap-vant

tail atic service, plied to the wings, Jig gear will sulgret the

FACTORS alreraft to actual dight loads.

taken skin Inspetors have „divine training to be able to fl-

low the testing programme the tank,

the

Hal he

1

He did mal

top

Tide Water A, Oil Trees Inc.

Twentieth Century Fox Vi

Union Carbide

Inter-

Union Oil of Cal

Union Pacific hallway

United Araft

United Garl Co.

America

blocks of Big Motor, Joctuity one of 15,000 share and one of 12,000 shares,

"It would not be out of place to make it clear that where fac- infora affecting safety come with-the-ye-turday.

In the society's scope, no devia- tion from Internationally-accept-

ever a vessel's fing"

On the question of the cut in

Most of the Inspection, howed standards is permitted what- ver, will take place during the day, when the tank is drained. The reservoir for the tank has as a public been constructed -swimming-pool;-

Following the programme of 30,000 simulated hours, faigue tests will continue to the mit of endurance,

U.S. Pell ""

US. Gyusum

US. Line Co.

1.8.

Rubber

1.9. Smelting

US. Steel

Wamer ro

Wentinelusure Electric"

United Press.

fted that issue Infe-top place i western Union Tel. cù, in turtuver which was higher West Va. Pulp & Paper

Westworth Other actives inetanked Studebaker, Continen- 1a Motors, and Hupp.

Volume

2,720,000 totalled

mares compared with 2,440,00

on Tuesday.

Or a total 1,164

shipping order to British ship-ssured trades, 407 were higher, yards, the report said the fall 410 lower. wn hot peculiar to UK -ship--| builders but was being felt in every shipbuilding country

snit deubliess was caus- jed largely by the low-level of freight rates in the trap and Tire reculd prototype Cara-jol tanker traden-United Press," velle built for EA.T. testing b now undergoing static tests.

FLOOR-ATTACHED

AIR INDIA TRIAL at-TO

In these tesis, the wings are

pulled upwards by Jucks

tacher to the cellttig, while the futuinge in held down by door-

attaclied jacks..

MOSCOW

New Delhi, Apr. 22.

As increasing loads are -AIR India International

nounced today that

On the American Stock-Ex- change sales were 096,000 shares compared with 380,000 shares yesterday.

CANADA'S TRADE DEFICIT

A. Tawah.. UTILITIES

Tei,

150 24 $500. 24

100 24.19 50110

The Chinese total of 18 mil- Kino yards contrasts with

unly 3.3 million in February and 11 million square yards In March 110 last year. Indin sent 13 million against ten 300-17.00 3'ards In March,

17.30 million in February and 19 20.50 milion in March last year.

2007

Hongkong

Rent 5.5 million, galust 0.6 million and 4.2 million respectively and Japan 500 W 20.30 3.7 million, against 3.5 million 900 20.30 and 3.0 million square yards.

200 $ 26.00 SEO AL FRING

INDUSTRIALS

Coment ... 20.20 20 40

300 K 2000

Imports of epilon grey cloth for the 150 0.40

Brst quarter of his year swelled to 103 million Dalry XD 16.18 16.40 4000 20 30 square yard, compared with $1

STORES, ET".

Watson

5. Crow

11.20

19 18.40

COTTONS

Til

455 4.00

INVESTMENTS

Yangtze

3.23

Allied

4.43

Sungula

4.35

1.70

100 20.45

New York Sugar Market

May

July

Rent.

Nov

Jan.

23.43

29.40

23.36

23 25

Faits

Denter covering at the cluse featured oh otherwise

low session. The Merch statistical

showing domestle cur report, sumption at 103,104 tons, proved

Of New

Rubber

New York, Apr. 23, New rulibor consumption in-

crooted slightly In March, but the first quarter total ráh well below the like 1957 patiod, according to the Rubbor Manufacturors Association Inc.

The. nes of nba rubber; both natural and synthetic, totalled tons last month 183,194 long cupared with 100,0-11 in February and 129.523 in March 1837, the report shower.

Synthetle rubber accounted for 03.01 per cent of the tote! Murch anine 02.81 consumption, as

per cent year earlier,

First quarter consumption of new rubber fell to 419,357 Tons from 300,002

year warlier,

FL

with synthelles neciting for

63,41 per cent

of this year's figure, compared with $2.39 per cent last year.

Tolpi stocks of new rubber

at the end of March were 321, 800 tons, well above the 220,075 tons on hand at the cams fine a to the re- year ago, according

somewhat better than expected port--Unlled Press.

The disappearance exceeded expectations by several thou-

sand tons. Imports fell out London Foreign

30,000 tons under February,

morc 10

a full in

This improved the stallatical picture, although some skepties wondered whether the decline intillon in the same quarter of was due leet year and 644 million two comestic use rather than an in- years ago. India supplied the terference with clearances he Indonerlar situa frerpell

amount at 37 million cause of the

tion. yards, aguired 46 million a year million two years ago and 35 ego, Chinese People's Republle 28 million, ngolnal only four million and 1.3 million respec- Ulvety [1 the corresponding anging two to three cents uniter However, no helual. quarter of the two preceding as sheets. years.

confirmed. Spot business wILS

ut 20 No. 1 Rys we quoted cens.

fourth anoti

consumer

Domestic

interest today was slow, although some dealers Indiested a "pretty good" Interest in three sheets at prlees

AMSTERDAM

Bougkong 24 million, against 14 million and 12 inflion and New York, Apr. 23,

Japan (now relegated to a bad World No. 4 sugar futures

Britain's main today closed one point suppliers); ten million, agalist lowar to 3 points_higher || 1234 milion a year ago. with sales of 53 can- In the first quarter of 1956 No rubber

The rubber market was duil Prices closed in guilders per kikgram, clt May as follows:

'2.18 nom. 7.2) 10>1.

2.00 10. -2.25-tom-

tracts.

Japan sent only nine million | No à rubber Domestic No. 6 sugar futures square yards,

No. 3 rubber No-1-crep: closed

three points une to

pf 120 lower with sales

con- Imports of vich cloth from "tracts.

China and Jopija are restricted World contraels ruled quiet but there is no control on the Bond volume fell to $5,900,-

Ollawa. Apr. 23.

be market cue from amount of eldin that can and steady, taking a DOD from $8,210,000 yesterday,

Canada's trade-defelt-in-the thestratior-tone of the swimported - from Commonwealth liquidation-and-lock-of-demand.- closing averages first quarter of the year totalled market, although market contries.

only $101 million, less than half | forest

Dow-Jones

were:

30 industrials

20 coils

15 utilities

63 stocks 89 4.

Comin. future price dex..

Alden ine. Acy,

Allied Chreintçats

plied, the wing tips wilt will make a proving flight Ante Chalmers pulled up more than three feet, Bad tests will continue un to Moscow on May 18, breakage occurs,

A sinskesman said India will operate a Super-Constellation

-For-ore-structure of the air-f night to Moscow, vla Toshkent, etats, however, static tests have! at Russia will fly a jet TU-104 been concluded without bruk-to New Delhi-United Press. age: Uze stabiliser, where

stresses up to 2.1 thuss the de-

nigred loads were applied.

it was then decided to pre KLM ROUTE

serve the tall section for

third

type of 1481 of major Im-

poutance.

Kuala Lumpur, Apr. 23.

LM (Royal Dutch Air

SINGAPORE

After a quiet opening the cared on Federation

Lower sheet has been passing The United Kingdom exported at about same differentials des pendlag 18 million square yards of pite lower prices.

wus curged the $241 million imbalance re- | further news from Cuba. 450.11 corded in the same perlad of Small realising and hedge 100.68

76.59 1957, the Bureau

of Statistics gelling in the domestic contract

found trader buyers reserva for the moment.

120 million In:

Futures:

June

woven cetion gouds in the first quarter, against the sutne quarter last year antis, rubber per 1x Mag 701-77 atro around 120 million two No. 2 rubber par lb. May years agu. March exports show- No 3 ing light pick-up at 40 No. 4

30 milión

Spot rubler unboled ..... million from

Hanket onépe February. but in 1988 these No 1 pale repe exports tolalled 42 millibo

LD" 93

Exchange

London, Apr. 23. Closing rates were:

Montreal Amilerdam

New York

bnięt Copenhagen

Milan

2.41-7/16-2.01. 2.72-13/10-2.75-1/10 10.001-10.60 139.471-220.30 10.3541-19 053 124493-323334

1799-11609

Ollers unchanged.—Untiled "Press:

Exchange Rates

done in the local Business WaN Unicla) exchange market this morning at the following ratest-m

0.01 U.9. dollar (per $1) Sterling notes (per 41). 10.00 Australian notes (per £1)", Indonesian rupiali (per 100).. Sinin tical per 100) Singapore (Strafta

__Whorever___

you're going...

EUROPE

154.53

BU.

said today,

78-7036

7215-77

160.34

Closing Prices·

$201,

The sharp reducilon WAS ́achieved through in substantial decline in Imports, although a corresponding full in exports helped to keep the deficlt up, Imports Canada In the st

0812-00

Contenet No. 4 (world)

USA

May

76-79

July

Sept.

3.42-43

1.13

01-03 001-0215

3.27

Mor.

1,40

May

1.40

square yards.

LONDON

201

three months totalled $1,109,-

July

337

Running against

the normal

Am.. Drake Shoe Americon Airline

34

Sept.

American Cable & Radiu

Corp.

45

Spot-teent per tb, fol Cuba)

3.42

trend South Africa was Britain's best custemer during the post

American Cyanarold thi

Open interest: 8204 contracts.

The rubber harket was easy. Prices:

Fax shot

ORIENT

23-29 223-2316

|

Au. Gas & Fretrie

Amor-Forga-Power-

Contract No. 6 (domestic)

Juty

1. ธ

Ain. Mach., & Fury.

Bept.

6.10

5.75

Bnet (cents per l. clf

NY ox-duty) Open Interest:

American Metal

American Smelling

Am. Sugar Ref.

Arrican Tel

American Tub.

Copper

An-conteel Annco Armour Attas Cona. Ning

oldwin-Linnu-Ham.

This is the ultrasonic fatigue Kines) recently extend- Beneficis Finance

test programune, through which

the effect

Bendix Aviation Corp.

on the structure of ed its Far Eastern service Benquet Cons. the jet stream from the engines to Kuala Lumpur. in stulled.

Scandinavian Airlines System

KLM aircraft will in futuro

ling six of Sud-Aviation's 500-call at the Malayan capital once

mile-an-hour medium-range je! Huers on order, with an option on 18 more,

a week on lights to and from Europe. Reuter.

+4

One of two prototype Cascelles built exclusively for tests at E.AT. has been introduced into a huge water tank, where it will undergo fatigué tasis corresponding to 30,000

ying hours,

Bethlehem Steel

Hering Airplane Burden The Co.

Burronight Add Machine

Campbell Soup Co.

Canadian Pacific R.

Cat Tractor

Case (3. 1.3 Co

Ceinnese Corp.

C. I. T. Financial Corp.

Chare Manhat. Bank

Chrysler Motors

Cluelt Peabody

Colgate-Palmolive Co.

Coimbing Carbon Co.

1000,000, down 12 per cent froin 础 year ago, while commodity

exports were off two per cent at $1,002,000,000.

The decline in Imports con- tinued

Nov. a trend which started alert a

Canadian year ago. exports have been declining

since lost autumn.—United Pres?, United Press.

quarter, 10king 1914 milica No. Equare yards, against 15 million i

Jale In year ago, while Australia July/Aug. traditionally the largest pur-OeDee.

JA/Mar. chaser of British cotton gooits

General markets, cif basis, ports: took 18 million

yards, com- April

-2235-229-

2.033 contracts.pared with 17 million a year Msy

ago-Keator,

New York Cotton LONDON STOCK

Market

New York, Apr, 23.

Cotton futures opened higher and maintained a

- steady to firm tone for the rest of the session.

0400

50

โร

44

New crop deliveries acted as, Oct.

#

きなり

buying pivot, reflecting in-Mar

Dec.

10,000

183,500

7200

Commercial Credit

Conusonycalls Elec.

eased concern over the leng-ay thening delay in the now crop July

0,000

130,700

15200

Del.

Com:licated Edison

3415

Continental Ol of Dei.

Crown Zetterbach-

Cuban Amer. Sure

2132

30%

38

170

M

I

Diamond Alkall... Diamond Match Co. Daging Aircraft D. Chemalenk

Dupont de Neatouts

Eastern Aline

Eastern Köďák

21 Pano allemal Gas

Family Finance Corp.

Firestone Tyre & Rubber

Ford Motor ****** General Křectric

General Foods General Motors Cletty Ou... Glidden Co. Goodrich (B.F) Co. Goodyear Tyre ink Galt On_TRICAT

Heyden Newport Cup. Inland Steel Cas

Interchemical Com....

Int") Business Machines Toly Harvester

International Nickel International__PROPOZ

This Ther & Tel

Fahn-Maerville Co.

Kens C. Power & Light

y

start, bcrause of persistent Tulal damp and cool temperatures

20,100 70,300 1094300 bales NEW YORK

over many producing sections. Prices of coltón futures closed

Activity in nearby months today as follows:,

featured evening-up operations Spot: 3435: Atay: 23: July: 3.18

Det: 58 60 Dec: 20.00 Mar 27.19; May. 3720 July: 3088; Oet: 35.81.

in the May delivery before Arst notice day, tomorrow. Open May 100% contracts today totalled 88,5vv

bales.

The stock of certificated cola|

3 con available for contract, de

very totulled 23,670 bales; an

1507

30 crease of 378 bales over Le

previous posting on

Monday. Traders oxpceled few, if any, 72 initial tenders on Muy contract. 1134

The Liverpool futures market Loday closed 2 lugher to one English point lower, and 504 to 563 American points under New York futures

22

761

The May, July and October, 1889, deliveries edged to how

24 scàsonal highs while March con-

træet tuplicated the previous high.

NEW ORLEANS Prices of cotton futures closed today as follows:

Spot: 24/03; May: 35.02; July: 26.rb:

Det T17: Mar: 20

MARKET

London, Apr. 23.

Juite

Estate crepa th Apr.1 unquated

thick May

は

-United Press.

ROUND

THE

WORLD

12.

D:RO

20.26

1.30

New York Foreign You can fly there on

Exchange

New York, Apr. 23, Markets had another un-) Closing rates were:

settled day with buyers Canada

holding off; turnover at 7,514 bargains was the smallest for any day this month.

England

30-days 90-1

Australia

New Zealand

South Africa West Germany

alone

Brillsh Governments

War enjoyed steady demand. Loan led with rise of 6/- while Old Conzols and other long-dates gained between 2

3. gs. Institutions were especially active and tended to mop up some issues. ip mal! | supply.

LOSSES

a 5000, Duty: 10.08: Oct: 321 Mont sections

Tay:

LIVERPOOL,

· Cotton future 'Closings. in

of the fi- dustrials showed moderate Josses. Rolls Royce and Fort pence per tb. were as follows: Motors were down a shilling. American Cottract

Ritz Hotel felt 6/-, "undeng of yesterday. Suuz Canal shares enjoyed a helic 'ordinary

May/June

July/Aug

Oct/Nov.

Dec/Jan.

Mar/Apr.

Miard Contract

May/Jun

July/Aug.

Oct/Nov.

Dec/Jan.

Mar/Apr.

·SAO PAULO

25.05

its rise

20.00

314 20

20.11

k9.20

26.10

27.00

F130

27.30

mit ket with the sho:es up 23% to £30,

Oils were decidedly irregular. Anglo-Ecuador rose 2/

and Anglo-Egyptian B some 8 but Royal Dutch lost 2/0 and Shell Cotton future closings, ih Transport and Burmah 1/9. cruzeiros per kilo were at

Day traders realising shaved follows: part of the gain at the glost

Kennecott Copper,

Idageti Meyen geb. Co.

Lockheed Aircraft ...

Loews Incorp,

Line, Biar Cement Co. Lowenstein & Bon

14

Am.

271

0 points higher, The market

McDonnell Abreraft

Masada fron, Corp. Mirrusola Mining

Most Cosmical Co.

zmery Ward

National Cash fteg.

when the Bet ruled 2 lower th

opened unchanged to up

2 points, New Orleans closed on 2012 point lower.

50% atenth "Vokane bak interem

July

9,900

101,200

Ocl.

Görmida Polatch 7 per cent non-arsented gained L1 and *****nges the Young Leat lost £44. Thy -In the United States, the assenteds

were

Argentina saingan

1.09-3/33 4.51-11/02

28011

28015

2.1135

D241

Others unchangedt-United Press.

the world's most exportedcod airlino

For reservations, call your travel agent or Alexandra House, Phone 37031, Hong Kong

PAN AMERICAN

Pan duurimas Vorld Airways, Jan; Boomipuusad ta Do Krade of Name Ford, U., H, A., with Simised kabliver

Die Stamping

The South China Morning Post, Printing Department is equipped with modern dic-stamping fuçilities.

REGIMENTAL SOCIETY, and CLUB

CRESTS & EMBLEMS.

TRADE MARKS.

FAMİLY COATS OF ARMS.

and MONOGRAMS.

etc., atc.

Call and inspect our samples

4200 $3.00

unchanged SOUTH

Was

at 14 designatod spot markelis, was not available.

Daling stocks tended lower average price of one-inch cotton Japanesavere completely Idle.

buồ, thì premium Total sales were 14,071 baics.changed of 11⁄2 per oente Unibet

Prest. ----United Ureno,

Orders accepted for Steel Dies

and Copper Plates.

.

CHINA MORNING POST, LTD.

Wyndham Street. Telephone 20002