1959-02-19 — Page 9

RANSPORTATION

2,000mph AIRLINER FORECAST FOR 1972

A 2,000mph airliner will be in service by

1972-75. That is the forecast of two chiefs of America's Douglas Aircraft Corporation, builders of a long line of commercial aircraft, including the famous DC-3 Dakota, the DC-4 Skymaster and others up to, the new jet-engined DC-8.

My E. P. Burten, the com pany's vice-president in charge

of egineering and Mr V PORT OF LONDON

Holm

advanced design

engineer. ay that the general

chinaeteristics uf the 2.000

m.p.b. Doughs airliner will be: six cagines, 3.500-mile range, and a 160-passenger load,

The alliner would be pres- surised to fly at about 70,000ft, [Operating height of the

HIKES

THE

CHARGES

of London

Authority announces an

creases in cortain charges, which have como into affect

Comet IV'a in 35,000-40,00021.) recently. HEAT BARRIER

Gesting

un

The existing surcharge of 20 that pressurisalon per cent on dues and rent

Authority's Is one of Ute problems to be els using the

22/2 per Other include the docks will up to skin friction temperajures-the cent while the surcharge of 25 so-called "heat barrier" and per cent, on rates for hire and the noise problem, including that of plant (other than

GYLFTIARY.

of the "sonde boom."

the

supply of lugs) will bò'in- creined to 30 per cent,

be

de-

Cost is Kolust

Au increase of 7 points in the enterrals. Mr Button and Mr Holmes foresee that the develop-charges for import goods shown enent of such an airliner cight in the schedulest for quay

engineering livery-North American abr 15 million

goods. birds-and for. IER-hours. It might represent anurals

17 £300ding rates and other charges in import goods will result in arine surcharges golng up from And that, they say, leads to 45 per cent to 52 per cent and the conclusion that initial Fathers from 471⁄2 apunstrship for such an air 54% por cent. liner enust

from the come United States Government.

an cutlay of mete inillion.

Sino-Korean Air Service

Agreement Signed

London, Feb. 18. SINO-KOREAN air ser- agreement

A vice

was

signed in Peking today by

China's Vice-Minister of

per cent to

The surchargo on rates and charges on goods for shipment. Will be increased from 35 per cent to 42 per cent.

There are more than 40 dit- ferent rates of charges on ships depending on where they come. from and on the purpose for which they enter dock. They vary from about 5d to le 9d per registered ton.

Communications, Mr Hul- ATLANTIC-QUEBEC

chih and the North Korean

Ambassador to China Mr Li WINTER SHIPPING Young-ho, the New Chino

Nows Agency reported.

THE CHINA-MAIL, THURSDAY, FEBRUARY 19, 1959.

Page

Baby Bubbly' Brings In Millions

Pear Cider With Snob Appeal

MR

By FREDERICK ELLIS

London, Feb. 18. HERBERT MARQUIS VALENTINE SHOWERING celebrates his 53rd birthday last Saturday by becoming a millionaire,

IT'S THE SIGN -cf that champagne jecting

Brighter

Outlook

In London

His GO year old brother Fronda celebrated the birth day too by hecoming millions) aire.

And Herbert Showering's young son Keith piro joined tho birthday celcorations by becoming a millionaire,

The Showering family. Who have made cider tha Somers set town of Shepton Mallet (population 5,130) for more than 200 years, cash in on "Babycham," the perry cider with the champagne look.

In 1832 they were making the sort of miney you woud expect a small-time elder Arm lo make In Shepton Mallet.

In

the depression years, Herbert played the castphone in a local dance band, Hilb brother Ralph played the banjo. The money was useful.

Like a deb

Last year the family firm made startling £2,000,000 profit.

ul.+

1

Their big ide after the war London, Feb. 18.

was to turn pry, eldur made After a certain amount of from pears, and little known hesitancy caused by the outside Somerset, intò a drink fresh fall

Wall with snob appeal. Un

selec- Street, yesterday

By tive buying of leading in-newspapers dustrial equities was re-. sumed and stock markets took on a brighter appear-

ance. Tomorrow's bank rate decision is cagerly awaited and prompt ed further buying of glit-edged with the result. prices steadily Improved to close, with gains of up to 33 Al..

DULL START

-Foreign bonds were mixed but Greeks moved up after a dujl start and Germans, showed further useful gains,

Most of the leading industrial were supported and rgulties TT is. now possible for some of the buying was thought to have been on United States occan-going ships to sail account. botwcon the Atlantic and Port of Quebec during the A protocol en reciprocal air winter months, thus adding services and another on techneurly four months to the nical co-operation between the civil aviation administration of occun shipping season

The agreement

regular air services

the two countries.

opens

บน between

into

the two countries were also the heartland of industrial signed by the Deputy Director Canada.

of the China. Ciel Aviation.

Administration, Mr Chen Jul-

luany.

This statement was made by

and his North Kurer Mr M. Fortier, president of opposite number Mr An Sung- Greater Quebec, announcing re- tyk, the agency added-Reuter.sults

Commercial Flying

Is 40 Years Old

COMMERCIAL flying is 40

@haytars"aid this youter

It was on August 25, 1918, that the first London-Paris service was started. But, passen. ger flying la Britain began on May 1 that year.

Severni

of a one-year scientifle study on winter navigation l the St Lawrence.

Mr Fortier added that the Bureau is negotiating with International shipping_com- panien - wird-view-“having vessels lead and unload ocean

wlien Montreal

at Quebec during that period of the

your

ure frozen over.,

U.S. Jet Spares To

was by Be Made In Europe

nights were mado that day, and one converted Handley Page 0/400 World War I bomber. Its pilot

was the man who is now chief PARES for American jet of Betish European Airways, | 65-year-old Lord Douglas of fighters used by the

Kirtleside.

The

--

German Air Forca are to bo airplane new from mode in Western Europoun London to Manchester with countries. 10 passengers. It was, says, Lord Douglas the rat proving flight over a route In today's domestic network of Bea.

Empire Orwell

Renamed Dardamus

glde

of

the

Steels were overshadowed by the poor restulis from Hadfields, the Shemeid steel makers, whose profits were nearly holvèd.--- U.P.1.

New York

Cotton

Market

New York, Feb. 18. Cotton futures today see

Je either

Fawed narrowly on

side of the previous close

in small dealings.

At the close the list ruled up two to

Tha of one point. market opened up one to slx

Orleans points. New

unchanged.

New market interest

་་

closed

In

clever advertising.

Babayehum swept the country. There were the miniature bottica with gay champagne-like fall. The lusses that made shop girls feel like, debs.

Now, when teenagers start to drink you can almost bet they will start with Babycham.

got

The little bottles £8,800,000 share valuation by a Clly deal announced last week The Showering family sold a block of shares in the CS at around 175, euch,

The shares OL Herbert. 'Franels, and Keith gach goj a £1,011,000 pekee tab under the City deal,

Herbert's other Brothers also come into the big money, Ralph holds shares worth £735,000. and Arthur £459,000.

Altogether the Showering family will sell shares worth £2,100,000 to the public. AD they will still hold shares worth.

more than £4,000,000,

THEY ARE ALL RICH · MEN

NOW

Ralph Showering

Herbait Showerlag

Arthur Showering

Keith Showering

Francis Showering

Whole Market Turns HONGKONG

Upward In New York

1.

New York, Feb. 18.

in today's session with steels returning to favour and chemicals making gains-running to more than two points. Trad- ing increased on the rise.

The whole stock market turned upward late

15 utilities 03 stocks to bonds

CON.DA

90.03 504.72 46.33

Comum. future price index.. 140.32

Closing Prices

Eastman Kodak preferred 30 industriais -sold a $180 Ep 22 points. If 30 rails

stockholders agree, this stock will be exchanged for another proferred. Thost who do not elect to exchange, their stock will be paid $180 a share for it. Eastman common rai up nearly three points. Du Pont ran up sharply from its early low and was more than a point higher. Allied

rosa Chemical than a point,

moro

Steels Higher U.S. Steel and National Steel, up fnore than a point cach, led the steels higher. Standard Oil of New Jersey recovered all of an early decline and the oil 11

Whole displayed a firmer tene. Rails registered gains ranging to two points. Gans in the sugary ran tử anore than two. Building equipments were lifted two or three points.

65 a

Drugs, except Merck, tyres, electronics, auto equipments, and store issues recorded good gained more than three In the gains. Autos ruled firm, White

trucks.

Today's volume was 3,480,000

shares.

Of a total 1,224 issues traded, 457 were higher and 350 lower. American Exchange volume was 1,700,000 shares.

Bond volume was $8,490,000, Daw-Jongy closing averages

i were:

Yesterday's Closing

Aldon Inc. Acy. Allied Chemicala Allied Mills Inc. Allis Chalmers

Deugiat Airerate

Daw Chemicals

Dupont de Nemours

Eeatman Kodak

El Paso National Gas

STOCK EXCHANGE

by

Our Own Correspondent

Busine done on the Hong- keng Stock Exchange this morning amounted to approxi- imately $583,000. Noon quota- tions and the morning's trans-- actions were:

Buyers Sellers

shares

BANKS

HK Bank. 013 130

INSURANCES

Undan

Lombard SHIPPING

Waterbost Wheelock

DOCKS, ETC.

Dock

Provident

Cuban Anier, Sugar

20

102.14amwad Aikoli

5111

Ind Card

353

BI

0012

14035

27

Family Finance Corp.,

32+

Firestone Tyre & Rubber

134

123'

Ft Nat. City Bank

Ford Motor .....

454.

4144

General Dynamicə

K. Whart..

170

General Electric

17ER

A Brake Shoe

401

General Focus

American Airline

General Motore

American Cyanami Co.

Gen. Tyre & Rubber

Amer & Fargn. Power

17

Glidden Co.

Am. Gas & Electric Am. Home Prud

401

Godin (B. F.) Co.

10

Grund Airuratt

Golf O

Homenond Organ

202

Heyden Newport Corp.

KENN

Homestake Ming Co.

lubbe' Power

7

Ingersoll-Rand

Indard Best Co.

*

Interchemical Corp.

Am Mach. & Fidry.

Ainercart Melal American Smelling Am. Sugue net, American Tel & Tél American Tou. "B"

Ass F

Sterl

Ammi

At Cost Mining

Baldwin-Lima-Hass Baldmory & O Benefetal Finance Bendix Aviation Corp. Benguet Con

Bethlehem Steel

Boeing Airylaite

Borden Ther Co.

Hurroughs Add Machine Calit. Packing Corp, Campbell Snup Co. Canadian Pacife R. Care (7.7 1.) Co. Cat. photo Celanese Corp.

C. I. T., Financial Corp. Cham Manhat. Bank Chrysler Mators (xd) Cluet Peabody Columbian Carton Co. Commercial Credit

Commonweakli Elec. Consolidated Edison Continental 0 of Del. Crown Zellerbach

COMMODITY PRICES

FOREIGN EXCHANGE.

NEW YORK? Closing rates wero: Canada England gifeles 30-day

90-days

New-Zealand

was Bouth Africa turbed because of uncertainties Belgium

Uruguay

in the form legislation picture

and export prospects for raw cotton.

CENTRED

Operations meanwhile centred

an evening-up in March before Arst notice day on Friday, and Dearly pending the weedy roport

loan impoundings, due after the

A contrazi worth £5,000,000 has just been signed

in Paris between the German close today. Defence Ministry and the French subsidiary of the US. Republic Aviation Corporation, whose Thunders treaks and Thurider- fushes make up much of Ger- many's fighter strength,

A largo part of this order be sub contracted to Scottish firm, Barclay Curle different European faqtories.

COMPANY,

THE repairs

and

will

WOG *

ship

the

has substantial contract to convert

the

former emigrant

Empire Orwell, (18,000 to Egyptian Shipyard

Cairo, Jan. 20. DMIRAL Youssef Hammu, A chief of the Egyptian Port Administration, sald here today that work would start im mediately on a new shlayard at Alexandria to be built with Soviet aid under an agreement signed last Sunday.

Others unchanged.

LONDON Closing rates: were: New York

Montreal. Amsterdam Brussels Copenhagen

Frankfurt Milen

an

Paris

Blockholm Zurich

Ho, 3-mbhoc per lb Már.

wo-rubber per 1. Mär÷U7-M¢¢¢ Bot rubber unbzied Blanket

TEPË

LONDON

certain with spot quoted ot 25% pence per lb. Prices: No. 1 R spot

Bettlement house term:

METALS

follows:

Lead Mar.

May

15

Goodyear ye

57 Buses achinzo

Int'l Larvester

4216 International Nickel

LAND, ETC. HK Hotel

$7.50

37,10,

Balen

0.33 0.70 1400 5,65

20

5000 e 3.43

10044.75

12 18.10 2200 12:30

3.20 23.40 2003

200 (23.30

1 Land 20

22

34% Reaily

(tt)

1.00 1.905

...2,125 2.50 2000 2.15

2.76.

2.170

---

20.80 20.90

15 4 27 150320.00

RUBBER

4011

A. TAWH.

UTILITIES

071

Tram

40

Star Ferry.

Yeumau ..$4.50

107

103 ** $4.50

ico u 14.50

C. Light

10.00 10.80

200 16.70

**

201

International Paper

1101

1200 10.0

72

Int'l Tel & Tel-

1900 4 10.7

1

John-Manville Ca

24 10.00

523

Kaiser Industry

1000 10.00

4021

Kinnecott Copper

Electric.

7312

Kimberly Clark

7:3

Leggett Steyers Tah, Co.

Lockheed Aircraft

58% Macao E

Tel.

31.10 26.20 230 4 24.30

sayLoews Intcorp.

30th

Lone Star Cement Cu

24%

D8

deDonnell Airerart (Am

Stuck Ext.)

103%

1000 G 10.30

Mesabi Iron Corp.

0034

Minnesota Miniry

12.41%

1. CrAW..

1033 * $4.70

3422

Mission Developinyal

223

COTTONS

Monsanto Chemicki Co,

43

3.13

++

472%

AL

Nanyang

1000 680

Vibro

INVESTMENTS

Allied

14.00

5.00

Lowenstein & Sons.

McDermott J. Ray

Mintgomery Ward

Motorola D,

41121 National Biscuit Co.

National Cash Reg. "A" 63 National Dairy Prod

CR

231

National Lead

National Bleri

New York Central.

Nortclic & Western By. North Ainer, Aviation North-west Airliner (Can)

-A2013;LMODY-11340.

Oils Elevator Owen-linola Ginas Oxford Paper Co... Pacific Gas & Elec. Pan American Airwayn Paramount Fletures Parke Davis Cu Penny 2. c. cu. Penn. Salt Co. Philly Morris

Procter & Gamble Co. Dittsburgh Plata Glaz Publicker Indutter- Pune Oil.... Mario Camanan "Bemalle" Steel Ba

feynolds Metal Shell Of Co.

Saint Heg. Poper

Saith. Clie & French

Scoany Maba 04

Solar Arcraft....

2516-25today

NEW YORK Prices of metal futures closed

La cents

ib. per

Scott Paper

да

Sinclair Off

March

April/dune

23-2512 2512-20

10:476

10.000

2.05-18/10 12.00%). £70-18/10 231-6/16

Júly/Sept

Oct./Dec.

Jan/Mar......

*

Feb. aryl Mar.

25-23 2016-2014 20-20% £512-2311

109

Batato prepa

Zinc Mar. May Copper Mar.

*fin

10.32b

10.595--- 20.015

May

30.265

Mar

201.00b

thin March

Biay

100.87-1

General markets, cif basis, ports:

thick March

-U.P.L

COTTON

LONDON

Sath Puerto Rico BuZIN Solism Co.

The

Southern National Ger

Southern Rathway Com.) Blendard Brande

Stand of Cal.

Standard Oil of Ind

Standard On of NJ Step Rock (Toronto Exge) Sterling Drug Co., The

tin market was steady, Bickely You Cang

Budebaker-Packard Corp. today. Spot cased 4 to 771 Sunshine Mining and three months rose-14 10 Badft & Ca 774 sterling. *

Spotti

3-month

Copper spat

3-month

נוף

בודי

7311-2,74

10.62%

11.745-3274 1743-1743% 20.0314-20 00

Buyera

Sellers

Texas Co... xtren Inc.

172

Talgkol Chem.

724

Tude Weter Asso, Oil

1423-14.8312 12.11.12.11

230

NEW YORK

2:3014

Time Ino.........

-Cont, Wurrunts

today as follows;

Mãy

70%

70%

Union Carbide

Spot: 35.85 nom:

Mar: 35.52; Zine 2nd halt Feb.

7476

Union Cll of Cal.

MAY: 15,63; July: 3481; Cot: 2.1; Deo: 319 Mar: 21.30: May

May

31.01;

72 -U.P.1.

Union Preiße Railway

United Aircraft

Jety: 3120.EN

Others unchanged,—i An optimistle estimate on raw cotton consumption for January, and the recent pick-up in tex- tile market activity were sipedÌY- Ing Influences

The New York Cotton Ex- change estimated domestic con- suontka of all saw cotton tr the five-week period enderi January

760,000 27, Lotalled

in bales versus 127,000 balus the preceding five-week period in tam 780,000 batos corresponding five-week peried last year..

and

RUBBER

NEW YORK.

Prices of cotton futures closed Lead 2nd hall Fab.

NEW ORLEANS

Prices of cotton futures closed.

today as follows:

July:

4.80; 90: 21.18: Dec: RT: 31.99 ALA 3133) July: 3120 LIVERPOOL

Rex rubber futures today closed unchanged to 15 points higher with sales of 20 contracts.

Mar: 30,4; May 20.30) July: 2040 i peneb per lo, were as follows: Bept: 30: Nova 30.40; Jani 30 40

· Mor: 30.40.

AMSTERDAMI

The rubber market WIS steady. Prices closed in guilders per kilogram, eif Maigh an follows:

-2.44 buyera

2.11.

No. 1 rubber No. rubber- No. 1 rubber

Cotton future. closings,

American Centenot

Mar/Apr

May/June

July/Alam

21.30 2145 19.30.

Del/Boy

10

Dec/Jan

19.70

... Mixed Contrast

33.40.

19.30

19.30

10.75

Mar/Apr.

July(Aud

Gel-Noy

rently acquired from Ministry of Transport by Alfred

REFLECTED Holt and Company of Liverpool, .. Re-named The Dardamus.

Traders thought part of the her fourth same since she waw

Increase reflected a mill-move built at Homburg in 1936-the

to accumulate raw cotton in liner is to be prepared for the

ventories before the increase in Liverpool Company's eastern

wage rates went into effact, trade. She will be sailing for

Open March contracte toder | No. 1. empy

SINGARDAE The Indonesia early next year for

totalled 122,200 bales..

The market opened "slightly. certlidated alock totalled $2,872. service as a pilgrim carrier,

Earlier this year aho was

baler with 2,472 brics awaiting higher in sympathy with over- seas and steadied further on In an interview with the Inspection. chartered from the Ministry by

"The Liverpool market today good buying Interest maldly for the Pan-Islamic Steam Ship semi-offelaj nowspiper Company

ot Karachi

closed or 18 to 25 points and Ras one, two and tap merkote was 64.36 centa. and Ahram, Admiral Hogomad and carried pilgrima to and from construction would be com

$70 to 1.180 Ameriven pginta No. 1 rubber per il de 2010 #THE plated in 1908/Router.

under New York (NSWERO=158,3. I No. x rubbar pen de SEE: 38349kh

Jedda.

Al-

in

SUGAR

NEW YORK'

COTwentieth Century Fox Film

United Fruit

United as Corp.

U.S. Foll "pe

U.8. Cypeum

US. Rubber (xd)

U.S. Slowl

U.B. Steel 7'P.G., Tr Warner Bros. ... Waukesha Motor Wonghouse Air Brake Westinghouse Kloetrić .... Worlds No. 4 sugar futures Western Unioh Tel. Co. closed pao lower to one point West Va. Pulp & Paper

Winn-Dixe Borew higher with sales of 188, con- Woolworth, K. W.) [tracts,

Domestic No. 6 sugar closed unchanged-to three points lower with miles of $1 contracts.

Contract No. 4 (world) Mar: 312: May: 310- Tur: 3110 Bepti 331 Oct:

Mar: 3.211 MY] 3.26; 6pokistointi, per Ib. 200

TẠO PAULD All unquoted today. In the United States, the Cube Sat. Open interest: 6,000 average cotton, st, 19 designated spot Total gates were 10LE DAN,

price

one-inch

Zenith Radio

1003

1.20

25.70 26.00 2000 6! 25.00 23.00

24

INDUSTRIALS Cement STORES, ETC,

ន

Dary....

Walion

20 1030 25.00

10 10303037 a 18

13.70

14.3 14.80

Tells

MIBLELLANEOUS

1030 à 13.60

|CITY-LIGHTS:

FEUCLID STERK

"Would 'Herr Krupp kindly

threat from our Soctalist Party 7"

London Espraza fervloe.

Chicago Grain Market

Chicago, Feb. 18. Grains tried to rally towards, the clase lodoy, but closed stoody and easy in most con- tracts on the Board of Trado,

The market

opened

with

2312 another report of southwestern 114 terminal tilling hard #alzablo amount of cash wheat was sold. The news put a cap on traders' enthusiasm.

29

12030

Dec.

Whest No. 2, red

Spot

nom.

30%

Mnr. 100% (11) 195% (1)

May

July

103

Sept.

20141-192

"Como, No. 2, yellow

201

Spot

11934.

STAL

Mar, old

11514

Mot. now *

70

MAY

JY

Sept.

怕

192

Mar.

SUPL

May.

Oats

Biar.

May

Exchange Rates

niciod

138

13416.

DAIL

Boybrana, No. 2, yellow,

Spot

MAT

May

Nov.

Busine

was done To the local exchange market thir Sapit, ment at the following tatuaje Us. dollars (pen-

5,24) Darley, Contrast:26, 6 (domesüle) Renting tintas (ver £1) gimn Dj Mar 2001 May: 0.83; Juky: 688; Austrailan notes (147 (81) ...

BULBANIA, EL Sata) Alva Kicata (ora 108)

Loren Indonesian rupiata of per 100)"./.

Zaren: 4821 vonizusts—UPL

pol

New York door.