1960-06-15 — Page 2

THE CHINA MAIL, WEDNESDAY, JUNE 15, 1960.

IS THERE AN OIL GLUT?

London Russians are closes boosting their

production

weaker

London, June 14,

Fears of a bank rate in- crease and tighter reins

on credit controls sent the industrial list lower today along with Government bonds.

Losses spread to most sec-

Oil is the lifeblood of industry. But what hap- pens when there is a glut? Alexander Thomson examines the Russian invasion of world oil markets.

London, June 14.

Mr. Pavel Komykin, jovial leader of the

Russian delegation that has come to

NEW YORK Wall Street

COTTON MARKET

New York, June 14. Cotton futures today ex- perienced another session of slow trading and nar- rowly mixed ductuations.

Closing

one

prices ruled higher to 11 points tower. The market opened up three to off

closes slightly lower

New York, June 14,

The trend in the stock market was irregularly lower on Tuesday, but despite that a few in- dividual issues made some good gains.

Universel Match

spurted Baldwin-Lima-Han.

Britain for the trade talks says he 15 points. New Orleans closed seven, Brunswich was up three, Baltimore & Ohio

wants to sell us more oil.

tions with blue chips sharing This raises a sixty-four rouble question for motorists and investors: what will the attitude of the oil companies be? Today a spokesman of one of the big groups had "no comment" to make when I asked.

the rash of minus signs. Tex- and elec- tiles, stores, motors tricals shared the brunt of the

breweries selling, but

moved against the trend.

Foreign bands showed little changu but Germans eased. Doller stocks moved lower with Internationat. Nickel a Amm Ex- ception,

unchanged lower,

to nine points

for example, but many of the slocks which make up the aver-

Steels, A limited interest, centred in age showed small losses.

motors, electronics, old crop months, represented utilities and drugs closed mixed evening-up by spot interests, Rubber shares and chemicals mil accounts and local traders. neglected throughout the day

New

months crop

were

I was hardly surprised. None million tons by 1965 and 375 had no definite market effect.

to match United Kingdom oil mon tons by 1975 of the

at the United States' giants bays any Russian oil

present showing. present.

Alongside the great increase that has already taken place there has been a sharp rise

in Russia's oil exports to the free world..

British purchases last year Goldmining shares see-saw-

consisted only of 30,000 tons of ed and closed lower along with lubricating oil and some special coppers and

fuel oil imported by Associated were mostly higher.

Portland Cerment to fire their

Oils finished

Shell..UPI.

diamonds.

Tins

easy paced by kilns,

Closing Prices

Briti

£01-13/10.

Gilledred Bonds

Expanding

The figures

The figures; nearly 17 millon The Russians however are tons in 1959, more than double expanding their oil Industry the score of two years previous- with great gusto. They are ly. Transpurt 35. 1878/68 busily making it a real gusher.

When you compare this with the total oli trade in the non- Communist world of 420 mil- lion tons a year it is not parti- cularly significant.

Consols 25%--+ £45 ! ».

Consol 42--13/16,

Conversier Leon 3

200-15/10.

Look at the record. In the

last three years their output has 1961-shot up from 84 million tons to

129 million tons.

Funding Loan 3. 1950/00-

281-(11

Funding Stock 319, 1999/2004- £657,

Funding Loan 4 1060/00

RM-1/16.

ed.

Savings 3. 1835/6-£904. Savings 3, 1960/70~7. Savings. 195/75-£73-3/16.

Banks

Barclay's Bank "A" Lid ord-5€

Chartered Bank-52s. Bengkong-244.

Lord Bank "A"-tis 3.

Instrance

Union Insurance Cauton-£5-15/20.

Aircraft & 1800E

British Motor Corp. Ord-195.

Ford Motor Co-115 71⁄21⁄2d.

Hawker Siddeley Group Ord-300

Rolls Royer Ltd Ord-47s bd.

Rooies Ltd "A"-12% 93.

Standard Triumph International-

114.

Breweries

T-tlers Co-3 M.

South Africa Breweries 54.

Building and Materials

AssociatedPortland Cement-098

Goodlaw Wall & Lead

ad

12.

Ord-49%

Coal, Steel and Engineering Babcock & Wilcox Lids ed.

United Steel-80% d.

Vickers Lid-34 9.

Food and Toboco

British American Tob. Co., Ltd- Ale £0.

Imperial Tobacco

7154

Co..

Lid-661

Miscellaneous Boardman Marden Ltd 7. British Oxygen Ltd. Ord-65% ed. Canadian Pacific Rly-$405.

De La Rue Co. Ltd Ord-16s 90. Dunlop Rubber Co-27s 3d. Gliman Holding Lid-23 4.

Hongkong & China Gus-16 Gd n. Imperial Chemicals Ed. Ivans & Co-Ds 1011⁄2d. Unilever Lid-1685 20.

Paper

Bowater Paper Corp Ord-626 34,

Redio and Electrical Asociated Electrical-578 d. Flectrical & Musical-50 34. English Electric Co-40 38. General Electrices 3d.

Shipping Indo-China Steam Nav. Co. def

23s 3d.

P&O Steam Navigation def ord- 407 106.

Crest

stores Universal Stores "A"-509 11gd.

Marks Snehrer Lid-756. Woolworth-F. W. & CCG CA. Textiles

Look at the plan. They hope to boost production to 146 mil- lion tons this year which would put them neck and neck with Venezuela for second place in the world oil league table.

And they aim to have red oil flowing at a yearly rate of 240

HONGKONG

STOCK

EXCHANGE

by

Our Own Correspundeni

But the rate of growth is tremendous. And this is what is catching the watchful eyes of free enterprise oilmen.

Especially as the Russians have been cutting their export attain prices drastically to markets for their oil

Last year their average sell- ing prices in the Western mar- kets equalled only about

£5/10/-d. a ton.

ruling goes against That

£7/10/-d. averages of around for Middle East

and oil £7/16/d for Venezuelan.

Batik untreal Bank of Nova Scotia

Btech Lig severa B.C. Tel Co. Bell Telephone

Beficticial Finance Benguet Cons

Bendix Aviation Corp.

were mostly higher. Aircrafts Bethlehem Steel

were lower on balance,

rails, oils, airlines, and tobaccos

Boeing Airplane

Burroughs Add Machine British Amer, Oll

Borden (The) Co

Relish Columbia Per.

de C. I. T. Finncial Corp.

to. irregut

The government weekly crop

The Dow Jones average of 30 Summary was favourable, but

industrials was off .97 at 654.88. Cana. Bk. of Comm. Volume rose to 3,430,000 Caf. Pacging Corp. spot interests were Texas

shares compared with 3,180,000! Campbell Soup Co.

Cate (1) Ca. of nearby buyers accredited

on Monday.

Canadian Pacific R July. The rest of the trade was

The market opened generally Cat. Tractor scattered. Open Fully contracts higher, but weakness soon today totalled 50,000 bales. The veloped and the mixed certificated stook totalled 6,695 gradually switched the Jarity by the close. unchanged from

WELL MIXED bake previous posting on Monday.

The Liverpool market today Investment favourites closed off five to 18 English pretty weil mixed. Dupont was points and 461 to 854 American (off 2%, U.S. Steel off one, Com- points under Now York futures.monwealth Edison off 1%

Chrysler oft 1 whereas East- UPI.

man Kodak was up 1 and Sears Roebuck up one.

Rubber

market

review

Singapore, June 14.

and

Colombian Carbon Co. Commercial Credit Consolidated Edison Consumers Gas

Continental Cen

Contentai Oil of Del. Cosmos Imperial Mills

13%

34%

6714

**

401

28

66!

472

484

38

27

12

Some fabulous

facts about

facts

the Boeing 707

THE Boeing Airplane Company have just issued

THE

an informative and interesting 16-page book

on the 707-436 Intercontinental type which they

are manufacturing.

The passenger cabin has The book starts by giving history of jet development from floor area

7

of a modern two-

There are

the early days of aviation. It bedroomed house. then goET

on to detail the 106 windows in the passenger history of the design of the 707, cabin and 10 on the flight deck, 60% the design philosophy, the

Sound proofing material in-

details of the cabin, fight deck cludes fibreglass

board 2

211 and cargo holds, the aircraft's inches thick, while the weight

systems, the flying controls, the of sound proofing material

24h testing programme

Iwo tons.

in

- Thera are

600 more than individual electric lamps In the

Compared

modem with piston-engined airliner there are ubout 100 fewer controls, instru- ments and displays on the 70%,

tone

Celanese Corp.

51

Chrysler Motors

48

cluett Peabody

Colgate-Painwilve Co.

478

58!

87% earried out on the 707 and the the cabin 37% way in which production of the

airliner in carried out,

which wits

were

54%

44%

Here are some of the interest-passenger cabin, 41ing points which are made in

this book about the 707.

+

5814

BRAKING POWER

231

91

132

34%

energy to stop 970 cars.

25%

Electronics, vending machines, bowling and boating produced some of the day's most specto cular performers.

The electronics group

Crane Co......

Crown Zellerbach

Cuban Amer. Sugar Delaware & Hudson Co. Diamond Alkali Distillers-SesgramE

Douglas Aircraft Dew Chemical Dupont de Nemours had Eastern Air Line

Eastman Kodak

Litton Industries up 1%, Beck-El Paso Natural Ga

man ahead 2, Transitrom

up Family Finance Corp

1% and Standard Ol (the Firestone Tyre & Rubber

First Nat. City Bank

day's most active stock) UP Georgia Pacifie

1. Lower were Raytheon

1 and Zenith by 24.

Second behind Standard.

by General Dynamics

Oil

General Electric

General Foods General Motors

was Gen. Tyre & Rubber

in the most active list American Motors, which lost

news of some

Getty Of

Gen. Pub. t.

Glidden Co.

con-flight deck.

From

Under normal landing ditions the brakes on the 707

Ks cruising attitude absorb enough energy to stop with all engines stopped the 707 simultaneously 432 cars travel could glide a distance greater ling at 50 mph. During full than four crossings of braking they absorb snough English Channel.

To equal the cruising speed of 261 the 707 a piston-powered air- liner would require at least 30 Hd engines,"

at the

The 707 can cruise 63 speed of a 0.45 calibre pistol

bullet.

127

4471

133 28

45%

Goodrich 13. F. Co. Goodyear Tyre

Great Northern Raliway

Grumman Aireratt

3341

Guit Of ...

28%

Hammand Organ Hayden Newport Corp.

Overseas advices improved amid rumours in Wall Street

and the markel opened of big here uncertain at just overcoming soon.

Gainers included Ford 14. last night's final levels.

General Rubber 1. Today was the first day for U.S..

(aided by $6

3 Rss and Dynamics quoting August No. 1

one-half million nuclear submarine con-Hiram Walker..... this passed at about

13 and American Homestake Mining Co.

Idaho PowRT Imperial Ofi for most Cyanamid 14. To achieve their hoped for sent discount to July. At these tract)

levels good enquiry

short- expansion

producers, sheets induced some Russians are busy drilling from the isolation of Siberia to the Casplan sunny shores of the Sea,

Busy drilling

oil 25

They are building nine new Business done at the Hong-oil refineries to ease the present kong Stock Exchange this maru-pressure on the 40 already at ing amounted to approximately work. $2,112,000. Noon quotations and the morning's transactions:

Stares Buyers Sellers

1200 HK Bank

And they are turning the old salt mines into giant under- ground "oil tanks" for storage.

Mr Khrushchey in on of his

declared re- 100 1260 bouncing moods cently: 10r 1205

Sales 501105

Bk. E. Asla Unton

200

93 Ins. 9014

500 92% 500 9212

Wharf Co.

Waterboat Wheelock Dock

05 ur 220

-32220

26230

200234

26 6.8$. "6.90 4000 6,90 106 107 500 101

100 @ 103

Provident .. 18.80

HK Hotel "4011

HK Land

545 58

* 100 105 1300 106 400106 300 7,100

.20 2000 20

1000

19.60

500

19,80

3100

40

1000 40

·500 i 40!%

1500 in 40%

1000 40

500 / 40% 400 551⁄2 300 (56- 400 657 200 g 562% 400 55%

600 4 $2

51 ( 20.20

HK Land His Yaumati Tram:

160

200 168

Coats J&P Ltd-5,

Courtaulds Lid-623 d.

C. Light

30%-311%

23:70 21.90 1000 @

500 31 500

1000 @

Mines

80

Cons Goldfields of South Africa

K Eleo.

27.10 27.20 1840

5.03.

De Beers del-140s cor.

Cons. Zine Corp. Ord-70s.

1000 27.20

HK Tel.

373% 276

Petaling Tin-8s 3d.

Hoa xong Th12 15d.

South Kinta Cons Lid ed.

Cement

65

888

168 4 80037 500 of 37%

200 37%

Lower were American Tele- covering and sentiment seemed phone, Kennecott West-

Inghouse improved.

Electric

%

As price advanced stliers be- Standard Oil of New Jersey

until up---AP. came more reserved country liquidation and local Closing Prices selling checked the rise.

In New York, rex rubber futures today closed one to 135 points higher with sales of 159

of

Abitibi Pur, & Paper

Alden Inc. Acy

Algoma Steel Corp. Allied Chemicals Allied Mills Ine, Allis Chalmers

Am. Brake Shoe

Amer, & Foren. Power

contracts.

Covering in the July delivery, dealers became restive because the limited volume

Am. Gas Electric "The output of oil and gas is deliverable rubber being offered

the East, along with Am. Home Prod, from rising and we all rejoice in

optimistic reports this.

sales, and firmness markets, shaped the market trend:

The cilmen of the free world can hardly share his joy. There is a glut of oil just now.

The result; world oll prices are low. Except for motorists, who, in Britain still pay 2/6d, in tax on every gallon they buy. London Express Service.

Yesterday's Closing

on motorAm. Mach. & dry.

American Metal

Imperial Tobacco

Inland Steel Co.

International Paper

.

and Interchemical Corp.

Ini sudness Machines

Int Harvester

International Nickel

Moscow's new

airport opened

10714

A

631

has

4536

4614

Mascow, June 14.

PICTURESQUE airfield

WING TIPS

the

Wing up to wing tip the 707 measures 142 ft.--22, longer than the first flight made by the Wright Brothers.

At its heaviest the skin on the wing is almost half an inch thick.

་

More

then 19,000 gallons of fuel can be carried in the 707-

enough to enable a car to drive at least m round the world times,

The electric system can sup- ply enough current for 80 houses and contains about 40 miles of electrical wiring.

ona

At take-off power the amount just outside Moscow of air passing through the Rolls-

become the Soviet Royce Conway engine in

hour is equal in volume to a Union's new chief reception 40-storey building 100 ft. wide 813 point for the world's tourists, and 325 ft. long

businessmen

and

delega.

one-runway airfield. 80 called Sheremetyevo, was open- ed to inland commercial traffle B815

last year to take the strain off internationally known Vnukovo and the small Bykovo airports, near Moscow,

DOW

But now Soviet authorities have decided to turn

Johns-Manville Co.

Kaiser Industries

$ 4934

Kansas C. Power & Light

#4

4915

Kennecoll Copper

73

33

Kimberly ClaTK

118

Lilion Ind.

tions. The

35

Liggett & Myers Tob. Co.

294

Lily Tip

433xd

Litton Ind.

American Aithse

197

Lockheed Aircraft

af American' Cyanamid Co.

Am. Cable & Radio Corp.

91

Loewe Incorp.

2015

Lone Star Cement Co.

201

BK

Lowenstein & Sons.

173

McDermott J. Rey

9412

192

McDonnell Aircraft Merck

50% zd

Montgomery Ward

42

81

Messi Iran Carỹ, z

521

Molsons Brewery

Motorola Inc.

American Tel & Tel American Tab. Ampex

28%

Monsanto Chemical Co

National Biscuit Co.

82

National Cash Reg. "A

es

Armour

National Lead

$31 internal traffic

631

503

New York Central

National Steel Corp.

100%

2316

2414

Norfolk & Western Ry.

36

North Amer. Aviation

'10"

Northwest Airlines (Com.)

2712

Oklahoma Nat. Gas

Olla Mathieson

20

Olis Elevator

48

63

2211

of foreign | Am. Natural Går

terminal American Smelling

Am. Sugar Rel.

A fair portion of the trade also was represented in Intra-

July Armed Steel of switching dealer September and September-Anzoonda Copper

Asbestos Corp. Allas Cons. Mining November contracts.-UPI.

COMMODITY PRICES

METALS

LONDON

Closing prices all in sterling

per long ton.

Tin spot

Oct./Dec.

Jan./Mar.

Apr/May

June

34

General markels, ei, bura,

Vily

Aug.

- Lepe thin June

3614-367 35%-30%

یوار

thick June.. 394 AMSTERDAM

Closing prices all in guilders

Buyers Sellers per kilogram, c.lf. June:

789% 790 No. 1 rubber

DAZE

49

50

200 ASPA 1000 6

3-month

787

78710

No. 2 rubber

1000 4914

Copper spat

348

240 No. 3 rubber

500 20.30

3-month

243

No. 1 crepe

500 #27

Lead in half June

500 27.20

Sepi.

74%

7424

Zine is hall Juse

891

Sept.

90

90% -UPI.

-

Welen .....

10,30

10027 600 @ 27.20

600

21.10

100027 50027

**

RUBBER

Rex rubber futures closing

354 buyers

SUGAR

NEW YORK

Oxford Paper Co.

Owen-Eliola Glase

Pacific Gas & Elec.

¡ Pan American Airways

Paramount Pictures

Fer. St Co.

Phip Mor, Atney Bowes

Publieker Industries

02

ano Corporation Radio Corp. Pref. Raytheon Republic Steel Reynolds Mela Reynolds Tobacco Royal Bank of Canada

Rheem Mig.

Sears, Roebuck & Ca

Safeway Stores

Saint Reg. Paper

Closing prices all in cents per Schenley Inc.

16.:

3.30 buyers. July

3.40 buyera Sept. 3.75 buyers Ock

-UPI. Jan.

COTTON

NEW YORK

1er.

Total Saler: 405 contracts.

Closing prices all in cents Total Sales: 260 contacta.

2.10 South Puerto Rico Surger

Standard Oil of NJ, Steel Co. of Canada

Tide Water Of

Texas Co.

Textron Inc.

Shere.

There are 14 antennas on the 107 for various communications and navigation requirements.

To test the design of the pas- senger doar it was opened "and closed more than 25.000 times. and Boeing tests During FAA certification fights more

than 177,000 ft. of oscillograph paper, 121,000 ft. of motion plc-

metyevo, about 16 miles north-fure film and 350 miles of mag- netic tape was used to record west of Moscow, into the test data. More than 22 million capital's international airport single, pieces and use Vnukov solely for were soalysed by Boeing en

The decision has been made

a time

gineers.

Russia is

at

when embarking on a massive effort

of information

to convert the country to air Giant airliners

46% travel and cope with increasing

International air contacts.

Officials see air travel as the of the future

112most natural way of conquering

364

the country's vast distances

and, in fact, last year regular

services were being operated

Miami Beach, Juno 14. ¦

Naviation authority pre-

on nearly 80 internal routes. AN

The backbone of the Aeroflot

dicts that 30 yours

f

729% (Soviet Civil Airlines) stavien from now giant airliners will -

763xd

is provided by the roomy cruise

high abore

tha Gllyshin 18 turbo-prop end TU-weather et 2,500 miles per 41104 jet airliners which it has hour or more.

been fast acquiring in the last three years.

But

$97

201

Soviet the

Union's

Captain Eddie Rickenbacker,

Chalman of the Board of

20

antial passenger traffic in-

addrees to the Rotary Inter-

that these

seven-year plan target of Eastern Airlines, salt in an

421crease of 31 per cent will get rational Convention

an even bigger, boost with the aircraft will be able to ciréle 90% Increasing use soon of giant the globe in 10 hours.

48

can, carry us

to 220 passengers,

fly with silent,' "They will This need:for reorganising vibrationless comfort," he side, Moscow's air reception position "and will cross the Amerkan has also been intensified by the continent in THW more than devision, This: year, "of several an hour, the allelic in less

to fly high than two hours and foreign companies

the speed jet air Ifners to the Paclic in scarcely four houts, capital.

"Long before the year 2010 is At the same time, Aeroflot reached he said, military air- has expanded its own schedules

and now flles regularly to craft, both fighters and heary 1 nearly 20 capitals in Europe, bombers, will progress from turbo-jet engines at the speed Asia and Africa.

Umill May, Vnukovo, about 20 of sound to the more powerful 1815 miles south of Moscow, was ram-jet engines with speeds up 22% handling the bulk of the air to 2,500 to 3,000 miles per

hour. traffic.

2102

Scott Faper

Sinclair Oil

Contract No. 4 (world)

Smith, Kline & French

મ

TU-114's which

2.08 30T

Socony Mobil Oli

38%

Salar Altora.....

1636

8.12

Southern Co. (The).

5.19

Southern Natural Gas

May

3.18 Southern Railway (Com)

4814

July

3.17 Borry Rand

Spot-FAS, Cuba)

2.90

Standard, Brands

Standard Oll of Ca.

12

Open interest: 8,243 contracts.

Standard Oll of Ind.

41%

Contract No. 6 '(domestle)

15

July

5.80 Sleep Rock

Sept Nov.

6.00

Sterling Drug Co.

6.

Stokely Van Camp.

Stone & Webster

45

Humphrey

2314

200

200 in

NEW YORK

per lb.

Open interest: 3,751 contracts-UPI.

Sunshine Mining

Swift 2:Co.

May

22.10

July

32.80

100

prices, all in cents per lb.

Ock

1.75 1.85

July: 4430; Bept: 429: Nov: 41;

Dec.

31.10

Jan: 40.25b: Mar:

3945b; May:

Mar.

3145

May

31.74

38,65: July: 37916.

July

13.00

SINGAPORE

Oct

31.43

FOREIGN EXCHANGE

2000 @ 15.00

Closing prices all in Straits

Dec.

31.85

Mor

22.006

2

EDD 38 2.10 3000 6.2 No. 1 July

puris:

1243-1207

LIVERPOOL Closing prices

all in penet

Aug.

E-124 per, lb. 122-1220 11901-12014

July/Aug. 114-1171

American Contract

Dot./Now

Dec/Ja Mar/Apr- May/June

22.20 22.20

Brussels Copenhagen

Liston

Mixed Contract

·July/ASE. Ooly/2909 Dec/Ja

20.45 Paris 22.00 Stockholm

Milen

Zurich

Rand 71s 3d.

Union Corp 156.

West Driefontein Goldmining-788 Dairy Farm 28.80-47.10

OLI

British Borneo Petroleum Sydnį- estet 11

British Burmah Petroleum-23. British Petroleum Co., Ltd--829 3d. Butmah-431.

Roval Dutch Petroleum-£13-23/32 Shell Transport & Trading-1458

-Reuter.

NY sugar market

New York, June 14. World No. 4 rugat futures closed one point higher to five points lower with sales of 405 contracta.

Domestic No. 8 contract closed

Allied Invest, Textile

Nonyang Mill

Amal. Rubber 8:30 6.75 2000 @6.20 10500 6 6 JU Rubber Trent Talkoo Dock 64

Really

5000 1.85 HK Ge.. 13.00 13.70 2700 24 GALL

154

Late, Craw,

Gilman

1000 @ 13.70 cents per lb. Lob. Malayan 3815 2000 20

unchanged to 11 points higher Agreed merchant

with sales of 269 contracts. -World-contracts-met-oppost-).

tion in the form of July liquida-

Canadian Doliers Maximum

tion and hedge selling attracted Belling 17, 3/32; Minimum

by the earlier advance.

buying 17, 11/32; T/T, 17 13/32;

Domestic contracts also falter»];O/D. ed under July liquidation in late dealings.-UPI.

West German Deutchmarks Maximun selling: 72, 7/18.

No. 2 July

No. 3 July

No. 4 July

Spot, ruliber umbaled .......

No. T pâle crepa

LONDON Closing prices ail in pence per

-rates-

Blanket crepa

b.:

No. 1 Res spot impress *Seillement house beta;

un July/Sept.

40-60%

30/Aptit May/Juba

LONDON

Closing rates: New York Montsen

Amsterdam

A

2.8015-2.83

2.75 -2.78/ 20.560.54%

180.10-130.70

Thiokol Chem.

Travelors Inc.

Tradere Finance

Tri-Cont. Warrenta

24

Twentieth Century Fox Film

1

Union Pacific, Hallway

Union Carbide

Union Oil of Cal.

inited Aircraft

United Fruit

United Gas Corp.

U.S. Gypsum

U.S. Rübber

U.S. Smelling

US, Siset 10.334-1934 U.9. Steel 7 p.m. PF 13.00K11,0815-

„Warzer Bros.

80.30-30.30 Westinghouse Air Brake 20.00-20.005 Westerni. Union Tal, Co. 13,7242–13.7834) Westinghouse Electrio 14/482-14.455% West Va: Pulp & Paper 173813-17361% || Winn-Dixie MoTEK 72.06-79.71 Woolworth (M. WI

12-1100%] Zenith Radio

"These will be the forerun- Authorities, fearing serious bottle-necks in the future, are ners of nuclear. fighters and 250 making plans to give this air bombers, cruising 50 to port a new loose" by providing | miles above the earth, with better facilities and braiding a | sufficierit ‘range to circle "the 281% spacious reception centre to globe without refueling and will

form a perpetual peace patrol” ) accommodate 2,000 passer gers.

The hoted World War : I- abh But Sheremetyevő appisarn to

is be their chilet anayer to the sld these will be but stepping problem. This one-time military stones to nuclear powered guld- airfield, has been moderniseded missiles with speeds of 2,500 14% and mare buildings are to be and then 25,000 miles an hour, "and they will locate their. tar- added shortly

It also has a belicopter squire de Wittent devices ne for transferring passengers to get perfected." Vnukovo and peritape -sotna- In the next time in the future, for the "quick Rickenbacker said, bog” to the centre of the capital. | fary jravel will becurse

monplace--AE. China Mail Special

half century,

interpline-