THE HONGKONG, TELEGRAPH, MONDAY, NOVEMBER 14, 1949.
FOR YOUR SPARE MOMENTS
. McKENNEY ON BRIDGE
Bids Seven N. T. On Sound Reasoning BY WILLIAM E. McKENNEY
PULLED up a chair the other
night behind my old friend.
Mr M. D. Rothschild of New who is known to 扪 tournament
York City,
perrybody
bridge en "Mother Bothschild." believe she probably plays more duplicate bridge thin any
other person in the country.
Mr Rothschild Bken to bid. You can rest assured that if there is a skarn In
a set of
Lourda during the evening, she
will bkd it
However, the
did use very round reasoning when the bid foven no In D hant,
Air Rothschild
AKOS73
N
today's
A10742
37
10032
7
A38
VDBS
W
£
• KQO2
5
2
J 10 8 4 4304
41055
Dealer
KQJ5
VAKQ4
• ADO 42
Tournainen!-Neither vul
Bould 2 A
NorLi
Ea
Poss
3 A
Pans
3
Para
4N T
Pos
Pass
7 N. T.
Pass
12
Opening--♦ J
Mrs Rothschild Mod,
"When
any parture ageund with a two- bul,
he told me he had tez
tricks in his own hund Well
13
if he would take ten, and I luent the ace, kin
and queen of clube, that te Also, when he back tearla and held fix To the fets, I knew it
help to a 10
Of course.
by
suit fo jantes leaf da
fr 12 trump
Dunke sun 17 Jr had there ares 1 Ave spare te- Egons showed three y Rothchild
Conttrand
MUS
--Why
10
whit? I bid even no trump."
The hard will produ tricks live spaules, four hearts, one linterdich Lix clubs.
CHESS PROBLEM
problem:
By P. RIERA
Ulack, pleces.
ร
10
White, 10 pieces White to play and mate in heo
Solution
Saturday's
1, B-15, any; 2, Q, R, OT B Tutes.
CROSSWORD
1. Consu
ACTOAN
Eloped with the spoon., (4)
Cold and coming back. rumb territory. (B)
(0)
9. Singarly picked by fault
finders. (4)
11 In Lancashire
and Derbyshire
buy not in Kent or Durbain, 121
$3. Deronshire, where John Itied
was at school, f
to Sicilan poleaman, (6)
Volcano erupta and is no
lunger neat (1)
11. Wa procede the engineer. (4)
18. Deer among the heroes. (3)
10. Great diarist. (5)
1. Crustacean with Dublin socia
Lions. (d)
22. 1ky-voiced with 18. (3)
21. W. b. msds J. of C. refer to
England g ** this seat of
(4)
"
24. Wordsworth, Ualeriase and Bouthay were from, their real- dence knawaz as this school of Posta, (4)
Down
1. Application of electric current to produca beat the deeper Eissues. In for a hardy time ↑ (9)
4. Language of the Blava. (2)
Roman, Bank or Busman's7 (7)
cus of tido. (4)
The tail of a little Pekiness. 13) Rash. (8)
B. Associated with Kitchener and
Gordon, 10
10. Prisoner elect them' and
men carry them. (7)
32. The trick la ludian. (6)
1
fro
Thus low and to be rung: now.
usually imposed, (3)
17 Thus to do
money. (4)-
with
pients of
26. Ray ratums on the long-haired
humped oz. (3)
CHECK YOUR KNOWLEDGE
Answers A
1. Name given to a group of) experts appointed by President; Roosevelt fo advise him upon Industrial recovery after the 1920 economic crisis. 2. Comedones 3. Pediatrics. 4., Pegasus, 5. A marriage bulwoon a man of a royal family and a woman of lower rank, 0. De- rived from lodino, salt, present; In Chill” saltpotro. Formerly from sribbon-wrack, sonWenus. A
DUMBBELLS
REGISTERIO Usi
THE BANK
BIN WHICH
I HAVE MY MONEY HAS FAILED!
AR
1704
PATENT OFFICE
HOW FORTUNATE YOU HAVE
YOUR CHECK BOOK AT HOME
SCIENCE AT WORK
Places to Visit in Sicily
By TEMPLE MANNING
IT seems, that the big tourist altraction this year is Italy, with Rome and Capri, getting the big play, and that lovely playground oft the Venetion
mainland, Lido, preparing for a big summer. It all started with the movie makers, many
of whom elected to make movies |-to-Tinig-using the exquisite- Jodations, the glorious hill-top castles and other beauty spots..
We do hope that the visitors la Illy won't be like so many
Check Your who go to France and see ittle
Knowledge
more than Paris.
For there is
so much to see in sunny Italy, Int one could return Fear
1. How does the term "Brains after year without covering Trust" originate?
2.
What
the technical name for 'blackheads"?
1. Whol name given to that specialty of medicine con- remed with children's diseases?
Name the legend winged hose which aprang forth trem the nerk of Medusn after her bend find been revered by Per-
some of the major attractions.
Charming Places
Just now we are thinking of all the charming places in Sicily- towns, for Instauice,
as such Taormina, in the shadow of Muunt Etna.
It used to be a huge invourite with people from England, anakun to flee the winter fogs
luxuriate in Blower-filled beauty. And beauty
old lovely is is
pluce ledge perched on a mountain (Auneers of foot of Column 1)' some 000 feet above the Ionian
BCUs.
What is meauit by a mor- wi ganalle marilage?
6. From what is toiline pb- immed"
1:
OYS AND GIRLS
GAZINE
It Was a Very Beautiful Day
-But Only Willy Toad Thought So-
By MAX TRELL
ZNARF
WILS standigt
watching Che Kakve keergem. Some of them tarder! un the
For window-pans.
moment they stayed ther. then they would sturt
slowly crawling down until they June other
The
instant tirey
Frndrys
jatned other raindrops they gan rolling down faster and faster At length,
trached the bottom of the pl
they way bounced gleefully to the window-sill
w-sill where a great many other androps were alendy waiting for them. And thally they dripped off the edge of the winrtow-s to the ground and | disappeared,
But there were other in- chips that didn't land on win- dow-panes at alt. Sume
گام
Willy loved the rain.
It's raluna,” said Knurf. Sit 18," said Willy, putting
hand and feeling the
them landed on the leaves of out bis
the trees, and hung there for a drops. That's what makes it long
white
paltering
Others landegf wonderful Now tuke the roof. on
then shiny Env. What
happens? 1」་。 དཿ* bright that you can hardly keep" your eyeu open. Everything glistens and dazzles. Everything is dry. Can
puddle on a sunshilay le go, day" CAN you?** there in large
nude their
and out Way in among the shingles to the rain
Still spout.
others landed on the
paths and walks and cond- way; and, slac; there Why no find i
other place for them they remained
puddles.
Just then Krur!
You
sw Willy "Pooh Good for whom? For Toad hopping down the garden people? For cats and dogs? f'in path in and out of the puddles hack people. I'm not cats and singing at the top of his dogs. I'm a toad!”
voice:
What a
today.
wonderful day
So
peaceful and still
And so beautifully
Beaut--fully
WET!
to sing it again-
What
a
wonderful day It—”
"Oh, I heard it all right,"
sald Knarf. "But it's wonderful day, Willy!"
"What?" Bald Willy surprised voice,
nol a
in
Mt. Etna from a garden in Taormina.
Sea. Winding cobblestone-paved streets, arched Norman passage- ways, ancient churches, bright boulevards, interesting shope. dream gardens. carefree cafes, all add up to an exquisite spot in which to linger and let the world and all its complexities
e hang.
The house I
of Taorming ndu
BY THE
WAY
by Beachcomber
0
Fan
orchestra performing in London a music critic said: "They play as one ma This, I hope, gives an unintend- ed. Impression of
mechanical precision.
Do shatt
I, like an orchestra
to be human, and it is the oc- casional human
shortcomings which make It superlor to mechanically produteed music, not insist that the cymbals
ma in coma at the
wrong moment, or a violinist get his bow,caught in his neighbour's coat, or a bassoon break in half although all these things aro highly diverting. But let an orchestra be an orchestra, not a factory.
Song of the enlightened We cannot get there fast enough!!
We don't know why we're
going there,
We only know we're
Lau,
on Our
And that is all we really care. So faster, faster! is our cry,
We've not a Lecond Row to
!pare!
We cannot get there fast enough,
We don't know
poing there.
we're why
to its colour for they are mostly |'Whither multilateralism?'
dazzling white knerstone with black lava decorations.
nt
Tia re Are delightful Little plazan, lovely little palaces, and gardens
everywhere. The Afteenth century square bralt around an exquisite Tourtala is one of the prize benuty bits of the world.
ore
IN Chapter VII. Charlie Suel writes: The income from invisible exports can no longer be calculated in ila narrow schoo
of what is left over after le-
FOR THE BUSINESSMAN
UK Expects
$75m. From U.S. Visitors
New York, Nov. 13.
Mr John Bridges, Director-General of the
British Travel Associn- tton, said in an inter- vlew hero today that Britain's tourist bus!.. ness had earned more dollars in the past three years than any other industry.
Mr Bridges predicted that 175,000 Americans would visit the United Kingdom next year and spend about $75,000,- 000-Reuter.
Transferable Sterling Sales In U.S.
Causing Concarn
In London
Capital Foreign
For Ruhr Steel Combines?
W.
GERMANY AWAITS ALLIED DECISION
Bonn, Nov. 13.-The West German Govern- ment is awaiting an Allied decision on a proposal that a large sum of foreign capital should be in- vested in the Vereinigte Stahlwerke, biggest steel firm in the Ruhr.
A Government spokesman confirmed that the Federal Chancellor, Dr Konrad Adenauer, sent to the "Big Three" Foreign Ministers at their Paris. conference last week a secret memorandum pro- posing that three-quarters of the 300,000,000 marks new capital desired by the steel works should come from foreign investors.
The
Foreign Minister
Change In Gold Price
are not expected, however, to make an immediate deci- gion, 4.8 legal economic obstacles still hinder foreign investment in Germany. Inter-Allied discussions ON this subject have revealed some of the difficulties. For instance, new investors must be given a chance to couvert
Washington. Nov. 13-Mr their profits into foreign Thomas B. McCabe, Chair-
currency.
New York, Nov. 13.-The New York Times said today
The West German of transferable
of Economica.
Dr
Opposed
man of the Federal Reserve: Minister Board spoke out sharply to- Ludwig night against the circulation
ducting the items of invisible Imports. The Importing country now regards everything which that sales
doen hot receive as invisible. Sterling at prices between Erhard, was recently in Paris of gold coins in the United stale of total invisibility 18 and 22 cents below the for talks About " Franco- the result of no export trade at official exchange rate were German trade agreement and is States or change in the all, and the simplest way
out price of gold. buttonai trade reaching a value of about reported to have soundex alunce the
French industrialists on the ex- (£1,000,000) erunomy on paper would be for $2,800,000
Mr McCabe gave his views in nothing to be exported or week in the United States. ed in putung money into Ger- response to a lengthy question- lent to which they are interest- a congressional committee in
On the terraced slopes of They hills in and around the town, There are olive grovis, and al- mod trees, and vineyards. They lemon graves orange and everywhere. Bouguinyllea in all its rich shades hangs in huge clumps over stone whilst 11
All sorts of cachi covers housea grow on the cliffs. And 05 fur the gardens, they are incredibly beautiful, with ruses, eminetions, Jasmine and minosa, all pers fuming the balmy air.
tu
debtor
A
The revival of the internation- market (or transferable
man industry,
The
naire Involving a brood study of and Annncip] monetary, credit polleles.
The use of gold coins has been forbidden in the US since 1934. said that their Mr McCabe restoration would bring "serions disadvantages"
He opposed either a rise or a reduction in the value of gold, which
is now fixed at $35 an
sald Increasing the
eporter, whether visibly ur In- visibly. It will be remembered that a Supreme Court sitting alfal
arkes question the Haque in July 1934 ruled Sterling wan cousing concern in
whether capital is lu be in that, the repayment of a loan by British Government circles, the vealed in comblea like the one country to another being an
Vereinigte Stallwerke, which is # } newspaper sald, invisible expert, the
due for liquidation under the ountry would be justilled
In these sules the British Anglo-American decartelisation chaining the loan back from the pound was quoted almost uni- law. Predilor country as an invisible formly at $2.58 to $2.62, com- France was never a party to There is a
delightful beach import, helther country having pured with the official dollar- this in nod, therefore, is not Mashalure blue ritos,
[been anything.
sterling exchange rate of $2.80. Cupri There ramething like
The news
added that a Important American interests are wonderful Greek and Roman Anything for a change flourishing market in transfer. have also been always opposed ice would help the Sovici ruins, especially the Greck
obic sterling existed in the to il
Union, a gold-mining country; armphitheatre Crowning the
VERY small man "raining United States before devaluation
Fon Legally, the law can still be and hurt many friendly nations. hil. There are highest
Bood | kisses" on the downturned of the
Importers were scrapped, as in no pound.
President Truman and the face of n hotels and comfortable pensions.
very tall lady,
the chief buyers of sterling at niquidation of one of the com- Secretary of the Treasury, Me (Tomorrow--Selence at Work)
-{London Express Service)
that time, buying at discounts og bines netually been started since John Snyder, have already op- 20 percent or better from sellers the Inw Was promulgated.— | jusrdi changing the price of outside the sterling bloe who Reuter. had no immediate use for their British currency.
YOUR BIRTHDAY... By
MONDAY, NOVEMBER 14
STELLA
2008
you
and
sald
for something and exciting.
Your temper is upt "No," said Knart: "but that's RONN today,
D given
many talents quick, but early in life you can learn to control 1. Con- need to be carefully which cultivated if you
much you appeur are to have sequently, the success to which you are more even tempered than you
Pushed enulled
beyond a limit by right of birth. You
you consider reasonable, how- have keen nagination and al-
will burst out sur- "I know,” sald Knarf; "bul-"ways are on the alert, looking ever, you
new, different prisingly! Interested in the
the stars
have
to bo
at
a
Reuter.
pre.
You
are by nature
warm-
A day I'll never forgett
50 drippy
and cloudy and moisty and dimmy And to soaking Soak-Ing
Wet!
SCORPIO (Oct. 24-Nov. 22) TAURUS (Apr. 21-May 21) --Pay a visit to someone who Expectations are high for to- 19 1 It may necessitate a day's activities.
Now terday's journey to a distance.
most of opportunity.
market
Is
committed to I.
casc hud
NEW ACREEMENT
Bonn. Nov Ludwig
Erhard,
after that
trade
munice.
gold.
IMPORTANT EFFECTS
Me
the
t
In its revised form, the New
McCabe summarized the York Times said, the transferable
13. Professor Important effects" of a change sterling
West
Get in the price of gold like this: being
"1. patronised mainly by exporters! many's Economic Minister, on-
Unless accompanied by a today. shortly
proportionate who are willing to accept sterling nounced here
change in from his return
Puria, discount--af eight percent
price of golet in terms of all a few negotiations for in payment for their goods, pro-
other currencies, it would dis-. between agreement vided that they can convert the
locate Die entire pattern of for- France and West Germany pounds into dollars promptly would start this month.
| eign exchange rates, smid that Professor Erhard
"2. It
change would
The the new agreement would pro- dollar value of existing gold vide for an exchange of goods
both at honte reserves,
and mounting
500,000,000
abrood, (A price raise would Deutsche-marka
year.-
Increase the number of dollars Reuter.
avaliable to countries holding gold, and the largest increases would go to the largest holders, which arc the Soviet Union. Switzerland
United Kingdom)
NY COTTON|
FUTURES
/York,
12-
Regulations
To Control
Thursday four points lower to Tin Sales
cents
higher than the previous week.
wns
London, Nov.
12,
and
the
it would alter the pro-4- fitability, and thus the level of production, of the gold-mining Industry.
4. It would
change the dollar value of US gold stock To it, and all future additions and thus be a basis for mone- tary expansion or, contraction, mafor change in US monetary
would constitute
policy, with unforeseeable psychological effects,"
For toud like me," What a lovely day you het, Willy, "it's a wonderful day strange and supernatural. it is hearted and loving.
You will shady and quiet and. And it I were a duck or gonseikely that at
of your come ime In be close to members or an earthworm or a fish or a
your life you would wort to own family and probably hap- frog or a newt I'd like it just as visit the Orient.
plest if you wed quite young well!"
to build and have a home and family of Although you love
Μονι New Wills
went
of air-castles, you also like to see your own upon whom you can usually wide hopping
price 'einges Kuart put on his hat and splashing
You through All
the them materialise. You hay lavish your affections.
were a feature of quiet trading an excellent mate coat and ran out to see Willy, puddles, and singing at the top quite a practical streak in your will make
la cotton futures throughout the "I'm stoging my rata song," of his cheerful yolçe the rest of nature, which is not always and radiale happiness. explained Willy. "I hope you his rain song:
to be found in someone who is To find what the stars have past week.
After swaying within a 10- Eclect heard It. II not
and highly sensi- in store for tomorrow, I'll be glot What a wonderful day it is also artistic
point range, the list closed on star your birthday
and read today,
Live-which you are. You en-
paragraph joy freedom to work out your the corresponding
eight points higher-20 and don't Let your birthday star be your bale lower to 40 cents a balo Individuality own
daily guide. like to be told what to dol
The main event of the week Foreign buyers of tin, it was TUESDAY, NOVEMBER 15
came with the issue of
the reliably reported here to- Government's fourth
crop re-day, will not be able to use port of the season
It Continue yea-
In line with expecta- "cheap sterling" picked up TO U.S. ADVANTAGE lons and advances; make the ons so it had little in at Tangier and other similar)
Mr McCabe said that if the fluence on the market. in-markets when the Metal Ex-United States wanted to help
nations which GEMINI (stay 22-June 22)-dicated that the crop was 18,000 change (Nov. 23-
interna-friendly resumes than the previous
seriously handicapped by Dec. 22)-Be careful, and you if dealing with the public, the boles more
should ba excellent. estimate. Reviewing the supply tional dealings in tin
on gold, and dollar, shoringe, it was any restrictions trends
the light of the Tuesday. cloud
better to do so by giving credit today's Otherwise, slick to routine jobs ou ook in Make progress.
Jalest crop estimate, statisticians
The Bank of England and the to those countries directly. CANCER (June 23-July 23)-estimated that the total domestic Committee of the Exchange have "Making dollars available to (Dec. 23-Jan.
risk Could be that happy ending to supply would be about 20,700,- drafted regulations regarding selected countries by means of 20)--Take a calculated
romance! right now and
Good news may 000 bales. your initiative
international dealings, which credits would cost the United Ict- In the market on Saturday they are satisfied
States less, In real terms, than will prevent may win increased success. Be necessitate your writing a
prices closed as follow:- Altend to it.
these countries adventuresome.
the abuse of the facilities offered trying to help LEO (July 24-AUG. 23)-- December-fin cents per lb.) 20.02-
by making dollars available In- 'AQUARIUS (Jan. 21-Feb. 19)
Increased. May
March (1950)
20,00 by the Exchange. 20.83-04 -Plans should be succcesful if Merchandising
Culmination of July your organisation is good. Be Make a profit.
October a. romance,
too. gin all projects carly
in the of a rom
December VIRGO (Aug. 24-Sept. 22) March (1051) morning.
of social op- November PISECS (Feb. 20-Mar. 21)- Take advantage
SPOT Afternoon hours are your best portunities for they also may time for accelerated activity, advance
business Be ready to push plans at that potentials. time.
Rupert at Rocky Bay-30
ervice
"While the little pala dance round each other in, joy, the, zelegram is sent, and for the rest of the holiday hey help the old Collector to his search for strange creatures in the rock pools, while the others; sua themselves on the shore and discuss deep matlets still don't under stand_the_catching of that crab,'", says Grandpa Mais.
that my "Rastus is clever, but all
1 can say is if he has ray brains st they mun be in his tail!" Bor Rupert smiles happily. "Everything hai come out all right,” he sayı, "I wanted a pat to share my holiday, -and now I've got one j**
[THE END?
ALL RIGHTS RESERVED, "You ab.tel "Another Neto Advanture tomorrow.
BRONCHO BILL
plans may result.
SAGITTARIUS
can overcome
which may horizon.
CAPRICORN
now.
a
ter, too.
очно
Pres.
дго
the
he said. — Associated
CHICAGO GRAINS
One device adopted is the discriminately in exchange for
contracts provision that
with gold," foreign buyers will include n "not on sale" clause, under which the foreign buyer under- takes to use the metal only in hd country it which he is re- sident and not to sell it abroad. This clause has had a very mixed post-war history:~~It has foreign not always prevented 29.80
speculators from operating un- der bl-lateral agreements be-
WHEAT-price per bushel, tween their own, country and ] SPOT some third country.
December Marcht (1050)
20.40
20.05
27.00
27.02
27.01 30 AZ
your
now.
ARIES. (Mar.
22-Apr. 20)-
Cicar
Make gains in all directions.
-United PreRU, NEW ORLEANS MARKET
Closing Prices
Nov. 12. LIBRA (Sept. 23-Oct. 23) November (in cents per tb,) 29-05 misur Sales
pinns
definitely March (1050)
20.17 up any minor derstandings.
your brighter. Organise
Opportunity for In May July
2003 plans for increased activity. creased profits appear certain.
October
27,90 BPOT Be aggressivo, :**
Expandenergies
aro
2013
**United Press,
In for the Kill
By Harry F. O'Neill Devaluation Of But the Bank's experts believe Alay July
Janu`AND SLASH MORLEY-
STILL LOOKING BORA THE GROTT WHERE BİEL PELL DOWN THERMA- BANKMENT DE
HOES
HEAR WOLVES ATTACKIN SOME-
THING LE
GO
Schilling
that they havo tightened it up, CONN.
In any event, International | SPOT movements of tin ingots in five- December
Vienna, Nov. 13. Usually re- than movements in some other July
ton-lols are less easy to conceal Match (1050) liable sources believe that de goods and the experts are con- NYE. valuation of the Austrian schill-fident that the clause will not be May (1030)
December Ing. expected tonight, will be greatly abused. United Press.
DATE postponed until later in the
December week.
May(1000)
FALL FORECAST :
Closing prices Nov. 12
2.00 2/11-22- 2-14-16.0
2.11-
20-1.2011
bid
WINNIPEG MARKET.
bla
1:40 bla
May (1080)
1.63 bid
July
This
view was taken after talks between De Keri Gruber, New York, Nov. 12-Trade ·OATS. the Austrian Foreign Minister, sources suld today that the December
May: (1050) and Austrian and American mental industry was expecting y financial 'experts.
tin prices ta..drop next veck, YE. The Americans were reported; and," "somo predicted g decline December to have wished the "fres rate" of: 'as much as five cents a for the whilling uto be fixed" | pound by Tuesday. Sales have. “DARLEY, rather higher than the lavel | been slow, despite the Eztule December proposed by the Austrians ment in the steel strike May (1080) Houter,
United Press.....