JET-PROPELLED PLANE

Evening Star, Issue 25069, 10 January 1944, Page 2

JET-PROPELLED PLANE

SPECULATORS RUSHING SHARES \ LONDON,.Jan. 8. " The news of the jet-propelled plane caused a greater stir in the .City yesterday than any other invention m recent vears," says the City editor or the 'Daily Express:' " It.sent speculators hurrying to sell aircraft propeller shares ' on the theory that they may be adversely affected, but the shares of the companies which are believed to be concerned in the development of the jet-propulsion planes were eagerly bought. People also eanie in » panic to sell RollsJßoyce £1 shares, which dropped 3s to £s4s. The shares of the de Havilland Company, which has big propeller interests, were bought because people have associated this company with the new invention. It may be a. very long time before jet planes afi'oct the earnings of the aircraft industry," the article adds, "and their disturbing influence ) on shara prices should soon wear off." The aviation editor of the. ' Daily Express' savs that Group-captain Frank Whittle has named the jet-pro-pulsion plane the Gyrone. The Associated Press of America says that Major Alexander de Seversky, the noted aeronautical designer, is of the' opinion that jet-propelled aircraft would not be employed extensively for distance Hying. He believes that. tli*» high fuel consumption will limit jet propulsion to home- defence interceptors and heavy carrier-based bombers. It might also permit heavier bomb loads for existing bombers and give them added speed for avoiding attackers.