THE HONGKONG TELEGRAPH, FRIDAY, JULY 9, 1948.
FOR YOUR SPARE MOMENTS
SIDE GLANCES
By Galbraith
DOPR. IMS BY KYA BERVICE, MCG, T, M, ATCL UL. B. PAT, OFF,
"It's a habit, I guess, but I plant a fow things every spring-grow up on a 250-acre farm!!!"
• MCKENNEY
.1
ON BRIDGE
4 Diamonds Doubled
Wins 3 Overtricks
de 23
A93 10753
• 03
10702
JA
◆ QJ8042
N AKQJI
W E
Q043
54
02
Dealer
• K AJ75
Gaynor None AKQ04
'A1075
AK 1002
Tournament-N-S vul.
South West North
Kant
*PasaPoss Double Pass! 34
1
1.
24 Double
22
Opening-K
BY WILLIAM E. McKENNEY
MANY
TANY people say they would be afraid to enter a bridge tour- nament and play against experts. However if a player really wants to -Improve his bridge a. tournament. Is
the place to do it
DUMB-BELLS
FREGISTERED Us!
PATENT OFFICE
THEY CAN HAVE
THEIR AEROPLANĖS ● I'M GOING TO STAY ON GOOD OLD TERRA- COTTA!
Cheek Your Knowledge
EXCLUSIVE TELEGRAPH' FEATURE
YOUR BIRTHDAY
FRIDAY, JULY 9
•
By STELLA
BORN today, voit have exceptional yourself. A great deal of your idr- business acumen but your artis sightedness is due to a star-given the intents are more likely to take talent for almost paychin, sensitivity. precedendo over mere money. You seem able to know which wAY making. You are independent in the wind is going to turn ahead of your. thought and action, very often much time so that you may trim too engrossed in an idea to com- sails to suit. You are strictly fair promise with those who might offer but you give no qubrier and expect you financial gain to do so. You are none from competitors. not one to sacrifice ait ideal *for money-bul are more apt to make your ideal per rood pronts,
1
You women are usually the type to receive the confidences of others who come to you for help and ad- You are often considered, "lucky" vice. You are the kind who are when actually your success is a com- able to carry on a career and a home bination of hard work, tenacity toat one and the same time, neglecting purpose with a single-track mind; neither. All those born on this day. and the ability to out-guess your however, should wed someone whose. opponents. You are a good public profession is parallel rather than speaker and can think fast on your competitive, for there can be but one feel. You might go for in politics here in your own honis and that is were you so inclined, but the chances
1 Yourselfi are that you should never fit, into
Το find what the stars have in the pattern of machine politics and
for would "bust out of line" whenever stero tomorrow, select your you felt inclined to do so..
birthday star and read the corres- your You are highly intuitive and must pending paragraph. Let not forget to admit this-It only to birthday star be your daily guide.
›
SATURDAY, JULY 10
CAPRICORN (Dec. 23-Jan, 20)-k. CANCER (Juno 23-July 23) Wind up yesterday's projects and, Stay alert to opportunity this morn
procrastinate, When eure a successful conclusion. Then, Ing. Don't plan u festive pleasurable and re- afternoon. comes, let up on your! laxing week-end. ... “g
speed. LEO (July 24-Áük. 23)-Better for business than it is for personal
neglect affairs. Don't
important things just because it's the week- end.
...
A
VIRGO (Aug. 24-Sept. 22) Morning is the best time for impor tant activity. Get 'necessary work done before evening hours. Foor
then.
may
LIBRA (Sept. 23-Oct.
28) Major projects proceed favourably but
be the speed
slightly diminished. Take things at a more leisurely pace.
22)
SCORPIO (Oct. 24-Nov. Morning hours can make or break you. Afternoon is not too propl- tious, so clinch a deal before lunch time..
SAGITTARIUS (Nov. 23-Dec. 22) Early hours are definitely the best today. Nothing spectacular is to be expected-Just so-so today.
AROUND THe world:
THE
| clayo.
AQUARIUS ' (Jan. 21-Feb. 19) Complete what you began yesterday during the morning hours. Be tact- ful and diplomatic at home this afternoon,
PISCES
(Feb. 20-Mar. 21) — Wind up important matters before afternoon for then affairs are apt to take an erractic turn. Be cautious.
POCKET CARTOON by OSBURT LANCASTER
"Mduais Litfiéhampton says that, if the Govern ment won't let her go fo the South of France she's going to publish~ her experiences of post-war England in Pravda."
BY THE
WAY
by Beachcomber
FOR THE BUSINESSMAN
Britain Withdraws From Wheat Pact
London, July 8-Mr John Strachey, Minister of Food, stated today that the United Kingdon has withdrawn from the now. International Wheat Agreement because it will not boʻratifled by the United States, which is responsible for nearly half of the exports.
HONGKONG
SHARES
Business done during this morn ing's session of the Hongkong Stock
01
Mr Strachey said that the withdrawal was announced by the United Kingdom delegate.at the first meeting of the Inter- national Wheat Council in Washington on Tuesday,
He explained that the British Government "is of the opinion that the guarantees of the exporting Exchange totalled $530,000 in value. countries whose governments have noon prices ratified the
Transactiona
follow:-
SHARES DANKS
HK Dank Fast Asla INSURANCES
Canton Union Underwriters
JK Fire DOCKS, ETC.
K. Whart (0) K. Wharf (N)
Dock... Provident
and
BUYERA GELLERS BALES
N. PL. Wharf.. LAND, ETC.
HK Hotel
JUK Land
2055
367
Sta
International Wheat are Insufficient to
cnsure · Asful operation."
sigried the "Thilethe counities 181010 agreement in March, but by July 1 25 141, only 12, Including Britain, Australia, Canada, Elre, India, and New Zea- land, had ratified.
775 125 700
Since the United States Govern- ment was responsible for 37 percent of the total guaranteed exports, the British view was that the agreement 3114 would not work if America did not 600 @ 2115 | take part.
31
1000
111
17 18.10
200 30
S'hai Land Humphreys P
4.20
4.60
UTILITIES
མ་
300
2312
241
200 24
500 F 2135
C. Light (N) ........ Electric
-2012
300 $20
C. Light (0)
barao Eletrie
Cement:
Tlope
STORES.
44 45 100 441
23
же
15 2014
47 47% 2203 1300 000
200 63
67
2014
W WHAT, asks the Secretary of
the Bedfordshire Pen- INDUSTRIALS ARIES (Mar. 22-Apr 20) Pushing League, is the position Push publicity on artistic and erea- tive debis. An unexpected journey of a pea-pusher under the Ac- to Mountains Bill? Does may bring new events into the fore- cess ground..?
unauthorised pes-pushing 21) land constituta trespass, TAURUS (Apr, - 21-May Guard your health and get plenty of damage is unproven? afternoon rest and relaxation this and evening. Build up your energy
reserves.
GEMINI
+
(May 22-June 22)- Take advantage of the morning hours but be very careful in any business plans made this afternoon.
Picturesque Rio de Janeiro
By TEMPLE MANNING
man from San Francisco is a
despondent person
very
For
these
years the cable cars of· that wonderful elly have intrigued him and wherever he went he took with him stories of the exciting rides
1. Namo. the Instrument which uu and down the hills. And when David used to kill Goliath.
2. What name is given to the skins and hides process by which nre converted into leather?
first outing was a cable car ride up a particularly steep
grade.
visitors came, of course, the
Recently
do
business took him to Rio Janeiro, It seems that Carioca friends of his started out first thing
Name the author of "The Old to inke him for a trolley ride. And 3, Wives Tales".
what a ride it proved to be. Just a
bit from the lovely Rio Branco white
4. Cats of what colour are prac-Avenue with its glistening black and tically all denf?
pavement. they patterned 5. Name the island which is hoarded the street. car or "Bonde.
some separated from the southern tip of The latter name stuck when
of 65 years ago the group that started South America by the Strait
the trolley system financed it with Magellan.
bonds. This so identified itself with
Siras Gaynor of New York City Kave me today's hand from the Eastern States regional tournament. His opening bid of one heart was 6. How many edges has a trian-1 the trolley system that the connota-
normal. We will have to admit that he could not open with a two-bl
North had the choice of passing or responding with one no trump or two diamonds. But none of the North players wanted to bid one no trump with a singleton, und none wanted to go into the two-zone with- out a trick and a halt.
thr
Many players pass a hand of this
feel sure type because they opponents will refuse to let it bm played at one. They will figure that the missing strength' is in partner's hand, so they will make a bid, which la called "balancing.” In this case East did have a good one spade bid-in fact, his hand would have justified an opening bid of one spade.
Gaynor did the correct thing in doubling, and then of course his partner had to show the six card diamond suit, which Gaynor properly like While I do not supported. East's double of four diamonds, it was based on the supposition that North would not make four diamonds when he had been afraid to bid two diamonds... East still figured that his partner had some strength.
The opening lead of the king of spades was trumped in dummy and declarer proceeded to make seven.
gular pyramid?
(Aniwers on "Column 5)
CHESS PROBLEM
By A. K. ELWORTHY Black, 12 pleces.
R
White, 9 picces, White to play and mate in two.
Solution to yesterday's problem:
1. Q~03, any; 2, Q, or Kt (dis ch, ar dbị ch) mates.
CROSSWORD PUZZLE
..
A.
เ
(14
专营
Acruss
Budo Cease to move on saared
rite. (5, 2, 6)
1. The time during which the courts of law aro open, 14)
D. Ionic Ibaka willowy like talk, (b). 10. He has charge of the defensive
cres (1)
13. Much. favoured: py" Mr. Borate,
pa kata tai min 14:"Breeds contesta. i)
15. 11e sised to be cornered with n
18. How the American fashor ex-
plodes, (2) ARENA
20. Cathedral city. (d)
A
21.. Animals: collectively, IDEAL
22. The child often does this with
these. (4)
25. A soldier on leave L. but few.
Dan
1. late Jar from fresh. 15) -2: Naturally is made) e drama, 16)
3-Obstinate.) 4. kaintivo. (8) 6. Bet 1 Actors, d. Miatal, 181 anita'm distinctiri park, Joy
A kind of ha
11 Otherwise s fed
10. Provided by a change at feço. 141 17. Jiemsin.as.a prop.. 14).. Velike ghus, poet, is an expression of
dissent, (9)
on festerday's Duzzle-Arious! Mood:
14. Alfenate; Alisk-a-qay: 19., Tintiate; 21 Pert -Apo; 25% Deby; 24 Tor, Dawni Arteenbin; 2.. Bruten; d. Stetrician: 4. 5. Nemez, 5. Anont 8, Isis100.
10. Lagt: 15 Natal: 15 Adeþii
tlon has become Axed, and "bondo"
Boarded the Trolley
Statue of Christ at the top of Corcovado.
incredible view from the
Summit
of the mountain that is crowned by the world-famous statue of Christ.
on
if
Sir, I cannot do better than refer you to A Judgment given by Mr Justice Cocklecarrot in the case of Walbersione versus Cattermole, Mrs Pooke intervening. Cocklecarrot's judgment was that if, per 10, under the law of Statutory Provisions, con- ventional irritancy nihil annexum (Belgrave's "Principles of Singular Succession"), be proven, sub ratione
Dairy (0) Dairy (New) Watson (Old) Weinon (New) Lane Crawford COTTONS
Evo
N.Y. FOREIGN
EXCHANGE
New York, July 8-Today's foreign ex-
change cloning rates were:-- Argentine Peso (official) Argentine Peso (Unofficial)
and interim reddendum (Agricul- | Australia
Act of turnl Holdings Act and Sederunt), allowing for bait a layer or bail a ferme, with cheptel simple and propter hoe enfeoffment,
US$0.2977
The British expressed willingness to resume talks for a new agree- ment.-Unlied Press.
WALL STREET MORE ACTIVE
New
York, July Selected Issues today whirled into a new high ground in the first million- share session in nearly two weeks. Wednesday an Losses
suffered were practienily wiped out in all sections as over one million shares were traded.
Traders discounted the continuing tense news from Berlin and were more concerned with favourable domestic news, which included a statement
from Washington, that the National Labour Relations Board counsel would seek court action in I and
the "captivo" dine the labour dispute between John operators and steel companies.
Dow Jones averages at the close
of the session' stood as follow 30 Industriala
2040 323
Brazil Belghum
0550
02201%
Canada
0316
20 Ralls
0335
15 Utilities
Chil
England
4.0314
40 Bonds
then
,00323
France
the
onus is on the lessor, กร Interesie termini.
In
India
3015
Mexico
New Zealand
0700
Peru
Portugal
0403
Scinth Africa
somewhere
Sweden
Awitzerland
Something wrong
a
THE above Judgment, which ignores the difference between precarium to вест and emphyteusis, would refer only to a mountain leased to a corporation. No covenant runs with land, when the rights and duties created by the demilse granted to all assignees are not personal, in restrictive sense. A covenant con- not be held to assign preemption to the lessce
is unless the lease probatiya under the Registration.of. Trustees Act. This seems to me to invalidate and. Indeed, make nonsense of everything to do with whatever is meant by all this.
fore he could really appreciate the | Another racket in the offing
VAPTAIN FOULENOUGH
already making plans to start will advise the which an agency mere native English how to pass themseves off 05 visitors from abroad, in order petrol,
Well, our friend boarded the opon ale trolley for the ride to Silvestre,. a suburb where one transfers to the The vlaw takes In ☐ sweeping
Guanabar railway car for the ride to Corco panorama of the city, vado. Suddenly
off
they went Bay and Its Islands, the entrance to careening wildly up a hill and then lo harbour, Sugar Loaf Mountain, rattling across a vinduct, built over the lake and the white ribbons that 200 years ago, that connects two hills. are Rio's beaches, most famous of He says that he trembled so for his which, to Norte Americanos at least, safely that he had to be prodded to is Copacabana, look down from the dizzy height for a wonderful view of wonderful Rio.
the
Uruguay
Venezola
Shanghai (CNC$100,000)
Netherlands
Batavia
Singapore
Hongkong
2705
5300
3010
14760
2000
Untied Press.
POUND NOTE RATE New York, July 8-The British pound note was quoted in the unofficial markai here today at US$3.00-United Press
PARIS FREE MARKET Paris, July 4-In the frea market here today the U5420-gold-piece..whs quoted at 21,100 francs.
The US$1 note was quoted at 305.4 france against the black market rate of 363 francs-United. Press,
ZURICH EXCHANGE Zurich. July B-The following change rates were quoted in omecial market here today:-
Argentine Peso
U.S. Dollar Sterling
ex
the un-
O.GO F. (Swiss) 3.00 11.30
United Press.
to get plentiful METAL AND SCRAP
was
clothes, and food, under the new scheme. When I called on the Captain yesterday he making a series of gramophone records, to be used for coaching Like every other visitor to Rio, his clients in Various foreign beard accents and intonations. I trolley our friend was enchanted by the Just as he thought the
the first one, which began, "Meestan would descend, up it'swooped again, city, and the friendliness of winding around, mountains, past Cariocans. He browsed and shopped
Calle Ning-Poo. I get pltroal ent cloths, streets and steps, past magnificent in the Rua do Ouvidor. Rio's main enspectab, I come all way flom Buenos yes-no-pleece, ent foods too, tank- houses set in beautiful fragrant gar shopping street, which like dens and the last word in apartment Florida, its counterpart in houses, and, for contrast, past crude Aires, is closed, to all but pedestrian you?" traffic. thatched cottages, or rather, huts.. and the Then came the last stop
He visited the magnificent radio wonderful transfer to the car for Corcovado. Ho says that he had station atop a modernistle akyscraper, to take the trip a second time be the bullding that houses a famous newspaper. He dined in cosmopoli- tan restaurants, He had an ocean front room with a huge balcony at
missing 口 vinced that people are wonderful travel experience if they don't visit Rio. With which senti- ment we heartily agreel
| OUTWARD MAILS the beach. And he came away con-
FRIDAY, JULY
Closing Times By Air Shanghai, Nanking, Hankow, Telogiao, Felping, Amor, Koochow Swatow and Tainan, 330 pm.
Closing Times By Bis & Train
Shanghai (86)-9 pm.in
Marilia- 48cm)vaj pánann myndir
Tramkona. Lisa), 8, p.m.
A
Macao and Teilnahan" (Sex) 4p.m.
Canton (Paresia & 2nd, klású mall) (Ben)
9. p.m. iNG AN
· ́SATURDAY, JULY 10
Closing Tides By Air Canton,Cowloon CPO)730m 10 a.m., 12.30 barsi, 3) pani (GPO):† àm, 9.30 am. Nonn, 2.30 pm v ter Shanghai, D.1.m, (ren): 0.30. a.m. (ord). Manlia, P., Honolulu, USA and Canada, **0.30a.m.; (reg);1 10. a.m.) (ord). Shanghai. Nanking. Hankow, Tsingtao, Peiping. Bwatow, Amey, Talian, Chung- king and Fovehow, 1:30 pm. Bangkok, Rangoon, Calcutie, Karachi,
Batiron, Catro (Nairobi, Jahannesburg- and Starscllisa via Cairo). Augusta and, London. (Kowloon CPO) - 430 “p.m.; (GPO) B. m.
Baigon and Parts, & pan.
Cloning Times By Sea & Train Macao and Tainehan (Sex) 8 am, Awalow then) 10.m.
Japan (Ordinary letters, and: cards only).
(Re). 10 4.
Shanghal (Rea) 10 nm.
CHECK YOUR KNOWLEDGE
Answers 100%
:
1. A aling. 2. Tanning. 3. Arnold cats bred from Bennett. 4. White white stock. 5. Tierra del Fuego. 8. Six.
EDITORS PRCES SERVICE,
PRICES
Now York, July 0-17:0 following prices were quoted les the New York 'metals market today?—YN Copper Electrolytic. Ex
port.
Now
cènt
FAS York) per: Ib; 21 §§-221⁄2 cents. Zine (Prime. Western,
17.03 New York) per lb, Manganese (Electrolytic, 00.3 percent Manganese, delivered
cant
Per
Misalssippi River) 1b......
032.00 Antimony (American 9015 percent) in bulk of car- ford Jats. F.O.E. 20 Grade "A" 1000
percent or higher) Tungsten, powdered (08-09
percent)
Wolframite (Chinese-re containing Tunagten Trioxide duly pald FOD. New York) per
short ton
(light)
Lead. TO.B
per
0.35
.1.03
2.00
cents.
dollars.
100.50
04.04
.35,09
100.00
United Press,
CHINA PRODUCE
QUOTATIONS
New York, July 6-China produce wa quoted in the New York market today as follows:
Anlaced Ol, per b. F.O.B.
New York kura Carla O per ib. F.O.E.
New York.......
Tung Oil in tank cars!
0.13/0.09
2.00/2.50
F.O.B. New York, per lb. 0,22%. Sandalwood, in drums, de
pending on quantity & quailty
Agar Agar, per lb. F.Q.B.
New York .................. Beryllium,-(10-to-12 per-.
.... 13.30 nomtral
3.18/3.50
18.78/21.00 hom
0.43
ceni) per ton........................... Molybdenum, (00 percent)
per lb.
United Press.
BRISTLES Bristles, FOB. New York. per Ih, un follows:-
Hankow, regular- assort
ments
Chungking, regular assort-
tenta Shanghal, regular assort
menta Tientsin, 20's, shorts Tientsin, 20's, regular.
4.10-4.1b
2.03 nominal
2.00 0.20 0,74 -United Press:
BLACK PEPPER
MARKET
New York, July 0-Black peppor futures today closed inactive, Un- changed to 100 points higher,,
stocks A sharp drop in warehatisc spurred Inquiry
positions. in nearby Additional handicaps to sluggish bun- ncks were summer vacations and the urual Inventory-faking period,
A few importers expromed doubt as to whether the reported stockpile pur- chase would materialise and stressed the uncertain political conditions in Indone Nia.
Prices closed as follow:- Jitly
September
October
December
March
January (1949)
May
Bpot (While Murtok)
6.26-0.27 doliers. Epot Buch prices were as follows:-
ton Conder. 1.0.3.
****** US$15.00/15.25 per fon theavy soft)
15.50/10.00 Gleel, JOB.
per ton · (No. 1 heavy melting)
United Press.
40.50
NEW YORK SUGAR
58.00 bid
04.00 bid
$3.00 bid
50.00 bid!
47.00 nominal 40.00 nominal 40,00 nomina) ·
33.60 asked 09.00 nominal --United Presą..
NEI Tea Surplus
New York, July 8-Trade reports from Batavia today predicted the Netherlands East Indies, will, have a 20,000,000 pounit exportable surplus of tea from the 104
These re- crop porta -Laid- Producers in Java have become convinced they cannot, meet York, July B-World sugar world: competition-unless futures today closed tree to four points prices and negotiations, have been higher, with no sales reported.
Naw
* FUTURES
cut
they
Dotnettle sugar futures closed four to started to reduce the export duty Diver points higher on sales folaliing 411 imposed by the Netherlands East
Indles, Government.United Press.
cantructs,
Prices closed, a follows:-
[Contract No. 4° (World),'
September in cents per l8.).4.09 bid March (10)
3.58 nominal
May
1.64
September
3.03
Epil
4.00
Contract No. 8. (Domestic) July
6.17 nominal
Conton (and class mall only) (Train}
September
December
3.19 bid 5.14
2 p.m.
March (104)
Amoy. (Rer))3 PAT
May
Bangkok (Bea) p.m.
July
bigrao and Trainshan (Bea) 6 p.m.
Spot
Formosa via Koolung, (Bea) 10 am.
"Is that the young man Gretchen met in the park?”
Manila (Bea) -10 nm.
Maeno and Talnation (Bra) 1 p.m.
Straits (ea) 1 p.m.
4.00 traded
4.09
4.03 bid.
0.15
sited Frets,
Exchange Rates
Business was done in the local un- omelal exchange market title maening in the following rates
Chinese dollars (per CN81 m.)', Sterling notes (per C3) U.S. Collars (per US$15 Gold bars-(per feet) Plastres - ¿per-100). Siam ticale (pat-/100), NES guliders (1562100)
14.30 5.41
326.75
11.50
t