TRANSPORTATION
AROUND THE WORLD WITH JETS AND JET-PROP AIRCRAFT
IN
three weeks' time a new era in transport will open when BOAC introduces ita de Havilland Comet 4 jetliners into service to the Far East.
Theys revolutionary new ofr-¡ first regular commercial jet six- craft, 'powered by four Rolls-vices arreas the North Atlantle
will it has more than lived up to its Royee Avon jet engines, offer not only a speed but auame to be the world's most tested airliner. standard of evinfort almost un- thoroughly rivalled pinn: the world's oir-earning Itself on enviable putation for efeiency and liners of today.
pularity, as well as for passen- heur Ker appeal.
Fiving at 580 miles an
at height; up to 48,0NG
ly for tunes a work in
feet.
ench
the Consel 4 will grate intal-GRUELLING
THE CHINA MAIL, WEDNESDAY, MARCH 18, 1959.
IT'LL BE A GOOD BUDGET
Home Economy HONGKONG
Expected To
Get A Boost
By RONALD BOXALL
London, March 17. At this time of the year every utterance by the Chancellor of the Exchequer is closely scrutinised for clues as to the contents of his budget.
10-
re-
CITY LIGHTS
diet.on Bu tween Etongkon For years before i carried its
passenger,
The Comel isain, and between Hong-firet
$100+ Tokyo. Hongkong underwent a gruelling kong and will then be only 27 hours from amme of proving and leging. involving inny thousands of 1.6in
hours of praellez1 experience. To match that programme BOAC can today muster a team sef pilots whose experience
dying far outweighs that of any other airline in the world.
FAST SERVICE
گودم
Aitogether a seace of piten Asia and Europy will be served by the Comel 4 services which BOAU will introduce chtring the One of the secrets of, the spring and witimes. Among the Comet 4's outstanding quality is Parties served will or Japan. its four Rolls-Royce jet engines. Sippstore, Thailand, Burma, each developing D thrust of Ceylon, India, Pakistan. 10,500 lbs. This total power of Lebron. Tukey, Italy, Switzer- 42,000 lbs., far greater than that land, Germany Ted Britain. To of my other jet airliner of his all these countries, BOAC'S | size In praduction, gives the Con its remarkable take-nif performance, souring effortlessly clear of the airdeld to reach a height of hundreds of feet within a few seconds of leaving the ground. It is the power of
together with the the Avons,
Comel will eller far futler zer- vice than any offered by con- Ventienti aitevalt on the same settes.
In August BOAC will have wweit right Cemet night p
flongkong to the UK.. from and live services to Takyo.
In the six months since the Comel 4 opened the
clean lines of the Comet, whlen gives it the ability to carry a full pussenter load for distances world's | up to 3,500 miles at speeds of up to eight miles per minute, eight-
les high.
the
Panama Complains
Over Canal Treatment
But for the passenger, tehnical achievements which lie behind the swiftness of his Comet 4 flight are only part of the story. More impurtant, per: haps, are the comfurt 4:1 Bervice which await him once he has taken his sent inside the Panama, March 17.
pree- FOREIGN Office spokes-Comet's air-conditioned,
surised cabin. Within the men said here today forward enbin are 20 luxurious that the world's shipping rst-class rats, while the rear lines were treating Panama cabin holds 43 tourist seats of the new pattern walch have at an enemy rather than a
bern spreiully chosen for the nation which made the amount of comfort and leg- Canal possible "by permit-room which they afford. ting her country to be torn
COURTEOUS asunder."
the
"If he'd pay mie post-wNIP. credits, give me another quid a week AND a.toarm summer I'd say he's a pretty good. Cháncellor t
London Express Str.
New York Cotton Market
New York, March 17. Collon futures today see- sawed within a range of $1 n bale in moderately active dealings.
STOCK EXCHANGE
وما
Our Own Correspondent
Business done on the Hong- Stock Exchange kang
this morning amount to approximate
$1,050,000. Non quotations and the morning's transactions were:
Бидгеа
BANICS Tis. Bark
he will no few
re-
INSURANCES Union
Knowing this usually make forences as possible to the Lombard subjret that is in everyone's | SHIPPING mind and the oues that he Ideea make fire master-Whettock
pieces of studied vngue-
nesa.
Water bott
XD
Buyers Heliers
750 73115
H
12
Bull Market Resumes Advance In New York
New York, March 17.
The bull market of 1959 resumed its advance today after a lull yesterday
when the list suffered its widest decline since February 9.
Almer, & Yorgu. Paver
Amorlean Metal...
Today's recovery restored & All Chalegrer three-quarters of the previous Merlets Alekine session's losses. The market was helped by special strength in where the key, issue. sicels U.8. Steel, gained two points
ut its best. resurgence of de- rond Bates
for motors
ent those Jasucs up fractions to mare then two points in American Motors.
772
504 770 106 772%
Railroad issues proved on good news from that Industry
In the way of anticipated earn- ings increases. Thi Pont ran up three points
lead. -the chanicals higher. Coppers,
to
555 3.63 1000 p 3sponding to higher prices for
the metal, ruted strong.
100 99
10000
2000 1
3.
DOCKS, ETC. K. What .. Cork Provident
J
432 11.30
HK Hotel MK Lancé
24 24.30
550
(RIS)
201..
40J
610 N 20
2303 304
2004 4.5
14.03
umphreys Realty
14.30
Since the war there has been ocupałzem when the very few sider re about the coalents of a carlay budget way painful to LAND FTC. the man who had the secrets, From Sir Stafford Criggs down to Mr Peter Themeycroft, i successive Chancellors must have been caly too glad to keep at about it up till the lost
[ pole moment,
Sympathised
X Al
BURBER Amalg
TAN XD A. Tawah
UTILITIES Trat XD
Yeumat! C. Tight Electile
Macan E
S one can sympathize with Mr Healhez-Amary, whi has the rary Celineken of being a Chancellor with good news to tel. T that his budget next anath will contain Hex concessions. So he Wan he giving nothing away when sally that he had beca
urged, Tel xn among other things, to make a swantonifal reduction in the INDUSTRIALS standard rate of instine tax and wonl on to quote the 39th Fern: "I held my tongue and apake nuthing. I kept silence yea even from the good words but it was path and del to Ote"
Cerment
24 33
Even the recently backward oils joined the rise with gains running to a point. Special Jesus registered gains running to several points. Electronics issues were particularly strong, So were the cameras, In the latter group, Bell & Howell ran up nearly elzit points.
Closing Prices
1000 14.40 Alden Inc. Acy. Alled Chemicals
2
2.13 2.223 20300 or 2.20
2000 2,00
23.00 23 2000 25.5
1500 or 23,90
100 115
1200 - 10,00
BU
DO
14.30 1554 20.30
+35
24 24.30
5500 24
50102820
100 28.20 COO+ 20.40
500 ... 24.10
37 : 23.73
50044
500 e 24 20
American Tel
American Tel American Tob, "I Anaconda Copper Arinco Steel Armour
All Come. Mening
tumure & Oh!6 Benguet Conc.. Farbe Steel Canadian Pacife . Chars Martint Bank Chrysler Motors Colgate-Palmolive Co. Connolldaled Edition Crown Zerbach Calian Amer. Sugar Diamond Alkoll .....
Dupont de Nemours Eerton Arlin
Eisteson Kodai
Ferd Motor General Electric Gener Foods
General Motors Getty Di Glidden Co,... Goodyear Tyre Gult 011 NAPA Heyden Newport Corp. Imand Steel Co.......
In Busineso Machines Int Harvester
International Nickel
1714 30
2321
100% 742
Lockheed, Alteraft Lews Incorn..... Lone Star Cement Co. Maceiota Mining Mitonton Development Montgomery Ward National Cash Neg.. "A National Lead
New York Crattal Din Mattie mort
Olin Elevators
1Pan American Airways
PARAmicunt Pictusies
Paike Davis Co.
71
2111
179%
45%
Fettle Gas & Elec.
33
61
501
BJ
301
207
Pens Salt Co..
Pittsburghs Plate Glewa
100% Radio Corporations
Republic Sterl
Reynolds Metal
Sinclair. QI
54% Bocony Mabil Ot
Standard Brands.
Standard Oil of Cal Standard Oll of Ind. Standard Oil of NJ.
Sleep Rock (Turunto Sterling Drug Co.
10
424
15015
51
al
457%
24
40
1291
Union Paetfle Railway
United Aircraft
115
U.S. Foll "23"
Stokely-Vin Camp.
Toxas Co.
Unlow Carbide.
U.S. Gypsum
1U.S. Rubber
U.S. Smekn
U.S. Stee!
Warner Bros.
Westinghouse Diretrie Woolworth (R. W.)
320
07
Int'l Tel. & Tel.
Kansas C. Power & Light
522
101. Kemecut Copper
$.28)
Yesterday's Closing
COMMODITY PRICES
COTTON
Mar: 3123: May: 31,50; July: 31.56: Bept: 31 50: Nov: 31.50; dan: 31.50; Már: 31.50.
3-menu
2541 25444
Lead 2nd haÏZ'
Маг
June
Mar.
June
NEW YORK
Prices of cotton futures closed
LONDON
The rubber market was steady Zing and halt" with mot quoted at 20-7/18
2415
---
+2500
24.00
1500
24.09
pence per ib. Prices:
10.10 18.40 500
No. Its pos
207-2613
14 30
Bettlement souse tering
2300
10.230
1314 10
today as follows:
Apri
2014-25A
May
2014-201
14% 14.00
June
2012-2013
Oct:
April/luna
July/Sep
303-2012
MISCELLANEOUS
4.10 4.15 0.80 0.23
13.70
5.24
STONES, ETC. Dalry Watenn We can take it, I think, that Craw this means the British pubile COTTONS will not be displeased with Textile what the Chancellor has to Nyong say next month.
от
We will get our tax cences- siens no feel a litto richer
We will have what
"good budget." The questiba mest people ask about a budget is, "What?" Fow ever ask "Why". If they did they night be a little less pleased with the "What."
Sajging to losses of 45 cents a bale after
pay day. a slightly higher
is called opening, the market settled back again under reallsing and hedge selling attracted at the 35% cent line for the May delivery.
Closing prices ruled off nine to Ave points. The market opened unchanged to up three points. New Orleans clized f four to seven points.
New Crops
Broker with Memphis and offer passengers
Houston connections were buyers He elaimis tlef shipping
Anoth and courteous servle on balance in May and July. New confrences sed discrimina-
Orletns brokers bought Decem- tory rates for fight to Penam for which BOAC has earned a
world-wide reputation, theber against sales of October. and noted the "shameful ex- treme" of the freight rate from Comet 4 has two fully-equipped Local professional traders were
on both sides of the market. Belleys, from which the cabin the York via Japan to New
crew serve full meals and re- than the Canal belog lower
freshments in fight.
One of rate from Japan to Panama,
the most popular features of the Service Is the Asian The attack on shipping lines! cabla
whe help was contained is un overall stewardesses criticam of the Canel's com-
for the passengers. From Hong- kong, Chinese and Japanese merclat policies, sparked off by
girls assist the cabin crow, and a statement at the weekend by
Canal G the new trans-Pacific ser- the Governor of the
there will be Zone, Mr William E. Potter, vices of BOAC who said that the Canal was Japanese girls flying us far as
Francisco.
Indian and of the world's Son for the service chipping - "no sa a more, Pakistani girls in colourful saris
ther for Cheid Slim.o any bolween Caleutia and Belrinated domestic-consumation of one else."-Reuter.
New Company Will
Sell Outboard Motors
Care
be#jel-prop Britannia 312 y
The Introduction of the Comet 4 is only part of a programme which
wlit make
1050
a milestone in flig bistory of British aviation Farat, the suing the ag the first Comit Bervice speeds across Aslu to Hongkong, and Tokys, there will
ing westwords across the Pacific to complete the opening of the PRIVATE company has rst global A
air service to be bean formed by F. completed entirely with jet and Parkins Ltd. the Patar- Jet-prop aircraft. borough diesel engine monu- | POPULAR facturers, to market the
The trans-Pacle services of company's new petrol out- BOAC
fram Hongkong Uy board motors. It is named Honolulu and San Francisco will Perkins Outboard Marino be operated initially twice a Ltd,
In the autumn the frequency will be increased to The Brm announced recently three. By flying eastbound that it had acquired the sole around the world on this new manufacturing rights apari OAC service, a passenger could from an existing licensing con-
cross three continents and two cussion in Italy of three great oceans, and be back at his streamlined outboard engines of starting point in just over three-
and-a-half dayal 0,10 and 36 hp, as a result of
The negotiations
Jet-prop with the Oliver
long-range Britannia airliners which will Corporation, of Chicago.
fly on the Pacte sectors of new Perkins outboard these now BOAC routes are most popular and motors have two eyinder, two among the stroke power head." They are well-proven aircraft in the water cooled,
peirol-all | world. They are not only the 1wo-stroke mixture fuel and fastest propeller-driven aircraft were exhibited for, the Arst in the world but they have an Tinse at the National Boat enviable Show, London, In January.
The
usc
week but
ol
New crop months continued relatively neglected as traders studied reperts on progress preliminaty,
trop preparations and awaited news on the aver sge farmers intend to hunt this ураг.
Vibra INVESTMENTS. Ent. Inv Alled
1000 # 5.33
LONDON
MARKET
DOWN
The Design
sels cut to A budget
do money cerlain things and the that is taken away or given back to us is part the design, This year the budget will set jou, to give demestie economy a
London, March 17. beast and the extra money that it releases whether
The stock market finished jby a reduction in income tax or any on the downside today, cther concession will be
although industrials which intended to be spent. That
opened lower,
closed way It's hoped mdustry will be given a stimulus to expand pro- steady in spots.
British Government bands ductica alter a long period of
eased as the new Australian stagnation.
This does not mean that the issue mut with a disappointing Chancellor was being mix treception. leading when he said Inst Oils
that thie week
British economy today is "in better shape than it has been at any time since the war." Externally, Britain's economy Doltor stocks were on solid content that thilaces sil raw cotton in February Al gold reserves are riding stendily!" | põsted" milnot "Uncusiness.—UP.I 675,000 balex vs 530,000 bales in the balance of
payments same period last year, pestilen is round; the almost Average daily use of 33,800 Convertible pound is la streng "Gülen" _B_FCUNNY Compared puron4u.
year. with 32,000 botes last
But the external economy is Total consumption for the 30
only one side of the picture. weeks of the crop season was The other side is the domes iz estimated at 4,883,000 bales vs situations end that fa less galiz 4,803,000 bales used in the same factory. Tic
domestic true period last season,
eccnary is blessedly free at i- flation. But the new stability Icoks dangerously like staynn- Hoa,
The New York Cotton Ex- esti- change Service Bureau
the
The Liverpool market today closed unchanged 10 up 20 English points and 015 to 1,087 American points under New York futures.-U.P.I.
Chicago Grain
Prices
Chicago, March 17. Wheat No. 2 red
20(1)
Inhibition
Thanks to certain things that have happened in the outside world neid also to the British Goverment's refusal to be panicked into premature action when the going oked ke gotting rou}, the pound is a irecr and
desirable MATC currency that it has been place the war.
But part of this has been the inhibition of
industry's
to
natural urge to expand. The result has been a razor- cage situation of the past few arths. The action deal with the recrosion at home hug been conditioned by the need to | maintain a healthy that is to inflation-Crov -- external Fay position. Which explains the Desence of the long-expected $1952
reduction in the Bank Rule-al 113
For cent it is still con- J-11; our
cdered high feron-c'eenemy which has surplus industrial chcacity and an unemployment problem.
13 The wernment poly directed as it must be at the pound. dalenazers of the That canes first in all its con- 1276 nom. siderationes.. And J explains wiry the budget wil disappoint Siday throne who have maled them- selves into believing that the Chancellor's only thought will be to get the inarthian butput in the minimum time, London Express Servion.
14612
138-45
Apel
Mar, 2001,
May
July
Sept.
Dec.
200 non 201 2014-4
29314-11
Mar. old
Carn, No. 2, yellow
Spol
Mar. now
113-123
MEY
reputation among
July
passungers for their smoothness and comfort in fight.
Sept.
Пус
Маг.
May
Oats
MET
May
Bogbeans, No. 2, yellow
spot
May
July
Sept.
Nov.
Harley
BOAC'S COMET IV
Spot
120-138
21015
were steady in quiet trading. While coppers eased in spite of high metal tradings.
Platinums and lead-zine were also lower.
Exchange Rates
this
5.75
Mar: deleted:
Spot: 35.65 noni; May: 38.37-30; July: 31.16
31.00: Dec: 31.18; Mar: 3.82: May: 31.02: July: 30.00
NEW ORLEANS Prices of cotton futures closed
today as follows;
Spot: 4; Mar: deleted: May: 35.38: July: 34.91 Oct: 22.17: Dec: 31.91 Mar 31.50; May: 31.86; July: 30.65.
LIVERPOOL
Collon future closings, in pence per 1b. were as follows; American Contract
22 An
General markets, elt basi, portr More April and May 2014-201 Etat repe thin Mar.. Vitale cirpe Ihlek Apr
SINGAPORE
The market opened sharply
· Higher on better oversens advicea but eased slightly on хоте faternion prefit-taking.
No. 1 rubber per lb. Apr. 90-001;
May DO1-001 No. 2 rubber per 1. April 081-00
No. 4
Spot mbter unhaled
Bloket grepe
Mar./Apell
May/June
21.00
July/Aug
20.40
Del/Nov.
18.35
Der Jan.
19.00
No. 1 pale crepe...
Mar/April
10.00
Mixed Contract
Mar/April
23.16
May/June
July/Aug.
Thee./Jan.
Mar/April
Op! Nov
SAO PAULO
Prices closed in cruzeiros per lo s follows:
May
July
Oct.
Dee
88-031 2072-8714 201-80 €452-8012
DI-VOL U.P.3.
METALS
NEW YORK
Prices of metal futures closed today in cents per 1b.
14.M
lows:
55.30 50.20
Lead
Mar.
May
37 60 unqueled
Zltic Mai
MAY
Copper Mai.
May
Tin
Mar.
May
LONDON
In the United States, the average price, of one-inch col- 1on at 11 designated spot mar- kels was 34.34 cents.
Total sales were 20,180 bales. -U.P.I.
RUBBER
Hex 15.03
Budress was done
In the oce Montefal exchange market morning at the following rates U.S. dollar (per 1) Steiglés (per ED, Australian
nales per C Indonesian rupiah per 100 Slam teatr er 100) Singapore (Siralls)
WESTBOUND
as fol-
11.03
11,200
10.23
10.427
31.35ta
101.8712b 101.75b.
The Un market was steady with prices higher Spot rose 1 and three mooths o
£783 and £786. Turnover, was. 103 tuns,
Liad, zinc, and copper mar-
Prices closed today in sterling per lung ton as follows:
Buyers Sellers
NEW YORK
1,73
5.35
26.5%
rubber futures today elosed 16 lower to three points higher with sales of 22 contracts. Copper
Closing prices:
Tia
Spot
north
Sput
Lve: Vanc.
"HIMALAYA”. 4th Apr.
(27.055 10TLE] “HIMALAYA”.
Orient & Pacific
LINES
Japan/Pacific Service In 1959
Los Angeles
10th Apr.
20-20 Aug
24th Aug.
Son. Fran,
6-9th Apr..
26-27th Aug.
EASTBOUND
Kobe
Lve: Hongkong CHUSAN" 12th May
Yokohama
10th May (24215 tona) "ORCADES" 7th Nov. 10th Nov. 11-13th Nov.
(28,000) Tone
ተጸጊ
780
257
24% 24%
FÖREIGN EXCHANGE
NEW YORK.
Closing rates were:
Canadi England Uruguay
India Pakistan
Others unchanged.
LONDON
Closing rates were: New York Montreal
Vopeningen
Frankfurt
سلوت
Ports Stockholm
Vienna
Zurich
1.03 3/18 2.8176
2112
2013-2016/10
2,77 11/16–377 13/10 30.773-2037!
11.30-11.7063 20.0411-2001
13.70-13.79
44.55-143814
72.65-72.80
Others unchanged-U.PJ.
SUCAR
World No. 4 suger futures today closed unchanged to five points lower with sales contracts,
of 371
Domestic No. 6 sugar closed unchanged to five points lower with sales of
with sales of 487 citricty
Contract No. 4 (world) May: 3.04; July: 310; Sept: 3.12-19; Ort: 312; Jan: 322; Mar; 3.28; May: 3.20 July: 3.28. Total sales:
per Ib. fob,Cuba): 303 cents. Open Interesi: 9,000 contracte.
Contract No. 6 (domexile) May: 5.30: July: B50; Sept: 5.04;- Nov: 5.07. Total anles; 147 contracts. Etat price: teents per helf NY [ex-duty;; 5.30. Open intereal: 3,813 2573 contractă.-U.P.I..
20015
Hatalalu 15th Apr,
2nd Sept.
Yokohama
23-24th Apr,
10-11th Sept,
Honolulu
23rd May
18th Nov.
Vancouver arr: San Francisco
28-29th May Bist May
24-25th Nov. 27th Nov.
Japan/Australia Service In 1959
SOUTHBOUND
*THIMALAYA"
Lve: Hongkong
10th. Sept.
NORTHBOUND
Maulta
18-19th Sept.
Arr: Sydney
27th Sept
Le: Sydney
Manila
arr: Hongkong
4th Nov.
"ORCADES"
27th Oct.
Kobe
arr: Hongkong
26-26th Apr.
12-13th Sept
20th Apr.
'16th Sapt
忄
(Cruises-then leaves S., 20th June for U.K. via Panama.), (Continues to Bydney via New Zealand.)
(Leaves Sydney 2nd Oct. for UK. via Suez)
Gih Nov. (Continues
Trans-Poelie—see above.)
Rottes and Bailings are subjecí la change or cähegliniion with or without notice.
* Lauves Hong Kong 30th Apr. for UK. visi Suez, + Continues to. Bydney—een above. *
For full particulars apply to:- ZUNO KANNON, MACKENZIE a có or HONG KONG KID
·TELLPHONE NOS; 27721/6,^ 36489,
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