ONDBERG
THE HONGKONG TELEGRAPH, THURSDAY, NOVEMBER 9, 1950.
-1847.
EDITORS PRESS SERVICE, INC.-NUEVA YORK.
"Sorry to keep you waiting... .I'll get you another ash tray in just a moment.”
J
FOR THE BUSINESSMAN
Shortage Of Tin Grain Prices
Aggravated By
Wars
In Far East
(FROM OUR own corrESPONDENT)
London, Nov. 8.
In Chicago
Chicago, Nov. 8. Prices of grain futures closed here today as follows:-
Wheat-price per bushel.
844-8515
2.1734
2.2536-2.20 #3096-
2.2315-56
1.60% 1.5824-1.59
1.824-1% 1.6234-35
Spot Spot December
Mny
July
Corn
Snot
Bauren (1951)
July
1.03%
1.40
091⁄2-90 89%
It is a strange paradox that while representa- December tives of producers and consumers are meeting at Mag Geneva to decide what is to be done about a sur-
样
Hyo December
Oats December
plus of tin, which may never arise, the actual shortage which has been evident for some time is March (1951) daily becoming more acute.
It has been accentuated in the past few days
New York Flour-per 200 lb. sack $12.50.United Press.
THE THOUGHT OF by a renewed fear of Communist encroachment on Quieter Market
OLD AGE
By Renee Huggett
The doctors and scien- of dreams, memories, and to- tists who are experiment- day's substitutes. ing to prolong human life are in keeping with the times.
All our social developments since the war have made for old people: they now enjoy com- forts and amenities
never known before.
special provision
But the personal problem re- mains; there is still nothing more terrifying to me than the It is like thought of old age.
and growing gradually colder
becoming colder, slowly numbed by the weight of the years, behind.
Or: like being forced to sign a temperance pledge when you love wine.
The passing of the years is not what I fear, not being 40 or 50 or 60, but the moment when you know you have reached the end of youth, ex- pectation, and doubt.
formed
When you have habits which you never want to break. made decisions you ideas will never alter, have which will never change, then you are old..
When you know that you have reached the climax of your powers, and will never again work, feel, love, write better than you do at the moment.
JOKE IS FLAT
bc- People accept it with wildered humour; they joke to do about "not being able what they used to do," but it doesn't ring true, because just as they reach what should be the prime of their lives, their bodies fail them. They be- come ill, or weak, or they are left alone to Anish their days in purposeless activities.
But scientists now say that one day it may be possible to live to 150. They will be able to rejuvenate the body, they say.
But what of the mind? It is said that Cato started to learn Greck when he was 80, but he is the exception. That is what I fear, the line on the graph of your mind dropping slowly to zero..
SUPPLANTED
And those other ambitious people, who planned their lives, who became important in the affairs of the world. As they grow older they are sup- and planted by younger men
women.
For great men, there is a decline in their mental bril- liance; even Shaw, who seem- ed, ageless, has been repeating himself for the last 20 years. To be a great man can only be satisfying while one is still greatrofizia
And there is still today when you are old, today which is a compensation,
combination
The fact is, when you get the old, you cease to live in world. Old People become separate from the main stream, symbols of past youth. While you are young, there's always tomorrow. Tomorrow I To- may know the morrow I may get what I'm striving for. Tomorrow may take me a thousand miles from here.
answer.
WORLD AT FEET
The whole world is at your are a kit- feet, whether you chen: maid or a prince. Any- thing may happen. It may not happen today, but it doesn't
"There's always matter.
Far Eastern producing areas the result of In London Tin -
Chinese intervention in Korea and of the wars in Tibet and Indo-China,
London, Nov. ġ. Movements in tin prices int
Conference end. Al-London were a little more.
the first whispers
of modest at the morning sessión are being heard today. The turnover was 85-
tons, including .20 fons for cash
Against this background it is Geneva
that the price ready not surprising of tin has risen by £300 with such a move in a wook to bring it to a fan- here.
It is 'clear that if the tastic £1,300 a ton.
shortages of tin and rubber are
Nor would it be surprising if an international conference to be overcome one or both of were called to discuss what is two things must happen-pro- to be done about the shortage duction must be increased or of tin (and other commodities, the situation in the Far East before the must undergo a radical change including rubber)
for the better. The first is virtually impossible; the second is extremely unlikely.
STANDARD BRIDGE DOUBLE SQUEEZE By M. Harrison-Gray Dealer: South. Love all.
N.
J 8
QJ964 964 3
* A 10
W. 10754
to-
$2
J1072 Q842
no
S
morrow.
13 Until, suddenly, there is tomorrow, and you're old and there's only the past, what you have done or failed to do, un- alterable now.
There is a saying, "Young men think old men are fools; to old men know young men be so."
It is that "know" which is So demoralising. ΤΟ know, from personal experience, that mat- certain everyday things, ters of character, convenience, expedience, economy are, with- out doubt so.
But about the basic things- religion, the nature of man, the future of the world-still to be as ignorant and specula- tive as when one was a young man-and a fool. And with- out, in those latter years, any of reaching hope of solution, any absolute decision.
50.
"If winter comes, can spring be far behind?" may be true of the seasons, but of human
be beings it can never Perhaps that's why So many old people take up gardening or grand-children, living a new life by proxy.
BACKGROUNDS:
At West Point, Douglas Mac-
sergeant as second classman,
E. 62
K 10853 Q8
4.9765
AKQ 9 3 A 7 OAKS
• K J 3 South opens Two Clubs. North has not 1 high responds card tricks and Two Diamonds. South bids Two Spades. North Three Hearts and South Three No Trumps. North invites a slam with a non- conventional Four
No Trumps. South bids. Six No Trumps.
West's safest lead is 2. South wins and leads A followed by
7 to dummy's ♥ J. West fails and East wins with ✔ K.
· returning ← 8 to South's ♦ A Declarer enters and dummy with 4 J cashes Q. discarding 5. He must not rely on the Club finesse for his 12th trick, but runs off his Spades.
At Trick 10 West must keep against dummy's 9. and East 10 to beat 9; neither cán retain three Clubs. A per- fect double squeezo
London Express Sardios.
This leaves the question of
Prices closed today at
end
the
of the omcial morning
Spot tin; buyers Spot tin, cliers
session as follows
1,290 1,300 1,300 Business done at Three-months the buyers 1,270 Three-months tin, sellers 1,275 Business done at Settlement
1.285–1276 .1.300 -United Press.
physical controls to be tackled LONDON RUBBER
on
scale. international an America has already imposed control on the use of rubber for civilian consumption but since the supplies set free by this means are immediately absorbed into the stockpile, it has failed to check the upward trend of price. Similar controls placed on tin consumption would prob- ably have precisely the result.
same
MONETARY ACTION?
The international allocation, which overcame supply dim- culties during the war, could only be made effective if all producers and consumers co- operated whole-heartedly a difficult condition to ensure at the present time. But there is no doubt that this possibility is uppermost in the minds of Western power officials who are studying economic problems arising programmes.
Another means of contreinig the beetlo scramble; for supplies is suggested this morning by Oscar Hobson, financial editor of the
out of the rearmament
"News-Chronicle."
London, Nov. 8. Prices in the rubber futures market here closed today as follows:-
No. 1 rubber (in cents
për 13;)' December, January/March (1961) Apriline July/September
NY
6714-6815 67 -63
64 -65
54
-56 49 -51
-United Press
Rubber Futures New York, Nov. 8. Al
futures active rubber were bld up to the permissible limit of two cents a pound at the close. Spot prices sky- rockcted today. The quotation for spot was at 8414-851%, which is a new 25-year pealt.
Prices closed today as follows- Srot December March May July
84358516 60.23 60.25 bid
62.60 bid:
50.35 bid
-United Press.
Cotton Futures In New Orlean's
Spot
believes international monetary December action might have the desired Match (1051) effect.
He writes with typical can- dour. "The most effective way
May July
October December
of making the private indus- March (1952)) trialist disgorge excessive stocks
la
New Orleans, Nov. 6.
41.47 nominal 40.42-40.45
40.30
39.95
39.55
36.00 bid
35.73 $id
35.67-bid
-United Press.
in total
in- the
to deprive him. of thepriate reduction finance necessary to hold these comes would soon bring stocks or to make credit facili-equation into balance again." ties more expensive than they are today."
Alternatively he suggests that as genuine shortages may well exist, "higher prices for scarce commodities plus appro-
Douglas MacArthur No. 7
on
ENT
But like all other, means of tackling this complex problem of shortages, somebody must take the lead in organising the necessary international action. The question is, who?
By MELVIN K, WHITELEATHER & NORMAN MYERS:
With their mothers coaching,
was the mother of a cadet bear- dan won at the Point and in
Yet, he participated in sports Most boys would have been Anthur led in everything; first he played outfield the embarrassed by that, but not Douglas and Ulysses fought for corporal as a yearling, second baseball team-and in all social Douglas In the same hotel first honours, The MacArthur first ceptain as first classman activities. He had been ideally ng another famous military later life, too, for their entry and he graduated the head of trained for the rigid life of the name Grant, Ulysses B. had a touch of genius. his class with the highest marks academy, and his mother was Grant III entered the same there was no fair pulling des anyone had made of the military standing by with, a guiding year that Douglas did, and between the mothers. Through academy in a quarte of a hand. She went with hum to tween the two fandilies arose the four years they remained
good edmps century-
- the Point and lived in a hotel, friendly rivalry.
But