1948-05-04 — Page 7

THE HONGKONG TELEGRAPH,

TUESDAY, MAY 4, 1948.

FOR YOUR SPARE MOMENTS

SIDE GLANCES

By Galbraith

COPE. 1946 BY REA BERNICE, INC. T. M. REEL, U, B. PAY, Orr.

3-8

"Hausecleaning would be as easy as pio if you didn't insist on moving everything we own just to get at one.

little speck of 'dust!"

• MCKENNEY

ON BRIDGE

Makes Declarer Guess Wrong Play

AAKO

X3

◆ K 1005

♣ AJ 107

N

4052 ♥Q982

W E

+8843 494

'

Dealer

4 QJ 1074

ABS

Покуп

483

WJ 1074 AQ72 Q05

♣K032

Tournament-Neither vul.

Sonth West North Esal

PASS

PASS

Pass

IA

Pau, 2|

Pass

3d

Pess

Pass

5

Рола OA

Poss

Opening z

10

By WILLIAM E MCKENNEY

MA

ANY people are under the Im- pression that the Lifa Masters

That

of bridge devote most of their time- to the game..

3 not true. There are many business and pro- fessional men among the Life Mas- ters.

For example, Simon Rossant of New York, who gave me today's hand, is the head of Clip Craft Corporation, manufacturers children's... educational-construction Acta.

of

Rossant pulled off a tricky play in setting the contract on this hand You can see that if declarer could guess the club nesse he would not Or if he could have any problem. establish two diamonds in dummy

he could discard his two losing clubs. The losing heart of course could be rutted.

South won the opening lend of the deuce of hearts in dummy with the king, and Rossant (East) played the four of hearts. Now declarer led dummy's Ove of diamonds.

Rossant reasoned from the bid- ding that South had five spades and four clubs, probably a singleton diamonds. Ho thought that South had been void of diamonds, he might have shown the

void in the bidding, just as he showed the ace of hearts.

Having reasoned this out, would you have played the queen of dla- monds on the Ave? If you eld. declarer could have figured East definitely for the ace and queen of diamonds, because there would be no reason for East to go up with the queen if he did not hold both the aco and queen. Then it would have been a simple play for declarer to

High two-diamond tricks. establish

Rossant, however, played the ace of diamonds the ave Then declarer Ogured West for the dia- mond queen, so he did not try to set the diamond suit. He tried to gucas the club stituation and ho guessed wrong. That was the trick that rot the contract.

on

Check Your Knowledge

1. What was St Paul's name be- fore his conversion?

2. Locate Nepal.

3. What was the nationality Catherine II, empress of Russia, known as Catherine the Great?

4. From what is coal tar rived?

EXCLUSIVE 'TELEGRAPH' FEATURE --

POCKET CARTOON

By STELLA

By OSBERT LANCASTER

YOUR BIRTHDAY.

for

TUESDAY, MAY 4.

are However, it would be unwise DORN today, you men

especially fond of the selences you to effcourage this, instinct, for when you will never make a good specula- and are never happler than

to the more experimenting in your laboratories, for when it comes Although

creative serious things of life, such be bual- you have Unagination and a dramatic ability; ness. Be daring and progressive in this your work-but don't gamble in an you are more inclined to use

fortune. gift in making new discoverien attempt to make a quick which can be turned to nome, prac- tical use by humanity than by day- dreaming or concocting fletion stories. For this typo of work highly specialised education is of the greatest help, and you should strive to secure It even if it means working very hard in your youth.

You'women, on the other are more likely to expresIn talents in a desire for the seteen or radio. You also

A

mean

That type of speculation is definite- ly not for you. Don't let your so- called hunches control your life too this much. Curb

tendency in everything except when it mental speculation, That type of alley Guessing is right down your and pays good dividend: new ideas, inventions and discoveries. hand, Make full use of your talents and your you will be highly successful, but interests too If you acatter your stage,

have widely you will fail. Concentration and is most necessary for those of your

To find what the stars have in. store for tomorrow, select your slar and read the corres-

talent in music and poetry, could seek a career in thene flelds type, as well,

Both you men and women are birthday adventuresome and luck will play a ponding paragraph. Let your large part in your good fortune, birthday star bé your daily guide.

WEDNESDAY, MAY 5

TAURUS (Apr. 21-May 21) Make necessary changes today. Travel may be important in advertis- ing or promoting your ideas, too,

GEMINI (May 22-Juno 22)-

A good day to overhaul the old car. Get it in good running shape. De cautious in commitments with the opposite sex,

CANCER (June 23-July 23)— A waiting day. Avold pushing your affairs too fast for the trend is de- Anitely not in your particular

favour.

LEO (July 24-Aug. 23) The storm signals are up for you now Lic low and wall for fair winds and sunny weather before starting any thing.

24-Sept.

SCORPIO (Oct. 24-Nov. 22)- Don't let haste bring an accident, for you can avoid it by being care- ful. Pour oil on domestic waters to calm them.

SAGITTARIUS (Nov. 23-Dec. 22) Real-estate operators, farmers and all those having to do with the land are favoured today. Others, be care- ful.

ing one.

"Charlotte, darling, you don't think Mr. Isaacs would be auch a meanle as to direct a girl before she'd finished the job in hand, do you?”*

BY THE

WAY

by Beachcomber

ADMIRAL

FOR THE BUSINESSMAN

Review Of Postwar

Economy

Italian

Rome, May 3-Italy's economic hopes are bound to the fate of Europe. Her rising production, slightly lower- ing cost of living and steps towards monetary stabilisa- every tion, offer great encouragement for 1948, but economic expert tles optimism In with plans for overall European recovery.

reduced.

overall cost cannot be ling costs of vital raw materials helps to boost pricen of;nished goods too. Labour troubles' further hamper industry.

la Manpower-Unemployment,

Italy has always had to im- port raw materials to keep her industry going and enough food to supplement her local produc- tion. She depends on export markets for her finished indus-sull one of Italy's biggest headaches. trial products and for the great 3,000,000 since prewar Has! left The growth in population almost agricultural produce that is some 2,000,000 persons out of work. as, the only Emigration is viewed surplus.

of the sur real hope for disposing

cannot plus labour, slace Iniustry expand fast enough to meet the po~. pulation Increases.

Imports today are in short supply, although food needs are amply filled, The export markets of pre-war days are gone and have not been replaced with enough demand to help Italy Capital Private, wealth is to get rid of the extra food she now being hoarded. The stock market has. Postwar economic instability, irregular, unsettled by many. re-

as in other countries, has resulted in cation schemes fid much

Recapitalisation rather

high production costs, and, until Italy gets her items costa down, her than an expansion bf industry competition on the export market is generally is aimed at bringing new

a losing one,

The hopeful side of Italian economy gives the pleture: Agriculture-Excellent

pects. this

crop pros- a mild Win-

businesses

money into established justi to keep them going. Strict

credit controls government almed at forcing industrialists to,

aro

In January put their hoarded wealth into in-

dustry.

wheat,

Trado, Balance

tho

year due to ter, unusual sunshine and February and early plantings. Imports of food, primarily which forms the basis of Italian diet, will remain unchanged for at least another year and half, but by the 1049/50 season Italy hopes to cut back her wheat needs to prewar levels.

4

Trade Balance The balance of trade is still poor. Imports exceeded CAPRICORN (Dec. 23-Jan. 20)—

exports by an average of 25,000,000,- A day for beginning substantial and

SIR EWART

000 lire monthly last year. Veget- permanent plans for your own HODGSON, the Auditor of

able and fruits are still Italy's best home if you have been contemplat-Lots-road Power Station, whose

loss of the export items, but the Production Increases

German market, the best outlet, of ship, the Saucy Mrs Flobster,

has left Italian was robbed by its caretaker two Industry-Overall production prewar days,

growers with no place to send, their weeks ago, has sent me a cut-up to 70 percent of prewar. Steel

produce.Thia: has caused cutpeks The

this

the planting, ting which seems to prove, if and iron output, however, is barely

year in of normal. percent proof were needed. It says:

Industry is able to tomatoes, rico and hemp, Town mechanical utilise only 25 percent of its total primarily for export. Citrus frijits of aro particularly hit by the ldss, materials capacity. Lack of

high pro is the biggest bottleneck in the export market and

crops now. farm, so that they can learn how to capacity production, without which duction costs in Italy. Siciliari

behave when they go hiking.

AQUARIUS (Jan. 21-Feb. 10). Confidence and optimism will go a long way toward present condition.

Improving your than for many others.

ter for you PISCES (Feb. 20-Mar.

21)-

Forty boys from a Liverpool goods secondary

Achool have adopted

A good merchandising day, Promo- 22)---

and advertising of tion

just ure especially favoured Get things moving,

but

25

VIRGO (Aug. Better for you than for some, avoid taking chances. Stick close as you can to familiar routine.

23-Oct better part

de-

LIBRA (Sept Discretion

23)

is the valour right now. more than chow.

of

Don't bite Be conservative.

off

5. Name the, author of "The Strungo Case of Dr Jekyll and Mr Hyde.'

6. How many inches in a cubit?

Answers on Column 4.

DUMB-BELLS

PREGISTERED USJID PATENT OFFICE

DO YOU BELIEVE IN

CAPITAL

I CAN'T SAY,

I DON'T

FOLLOW

PROBLEMS|

PUNISHMENT/ THESE LABOR

7

CHESS PROBLEM

By J.J. CORNEJO

(BOF Tourney bi) Black. 9 pieces.

Whi, 9 pieces, White to play and mate in two.

Solution to yesterday'a

problem:

1, Q-R2; Vircat 2, BXQP. 1

Q-QB2 (ch); 1 “KP (ch), QQ2 (ch),

PXD;

CROSSWORD

ACTORE

20. A lofter, from Ascos in dressy

form)

31. Ze not ikely to pise a home

22. Briony przyes Dorothy some use

to eyes. (9)

13. A broken siren. (8)

Down

1. Measure, if you can gos ik. (4)

2. Dude #iron (ADRs.). (5)

Touchy. (B)

8. Ben 1 Aerom.

The pick. (B)

7. Truth ascertained. (7)

0. On bur It may prove hoary,

(3)

10. The "dah and obipe" of the

U.B.A. (3, 4)

12. Undersized. (8)

18. Repeated profit ? (5)

10. Upset,, (0)

10. Bee 14 Acrom,

17. A school of noto. (4)

and s. Their quarrels are a. do 12. Bmall seabound plot. (3)

& Bull

phuongp, (5, 1, 4)

Bolution of yesterday's pucnis, mācross) without & letter in reverse.

9. Boaked. (9)it, impromptu. Fledovalors, 10 game £32. Puro; Ci, Merilät 14, 018) 15. Aleri) proportion in parts, (9)18). Raloon: 19, 57; 90: AN: áll Dob!

In one word I've a son, (7)

West 4700 10 be the mRONICS metal; d. Rate: 4, OTLAR: 2. Nap

and-10.

of a successful married liin. (%to% 6, Toni 8. Namensko:

10. Iloom. (#)-13, Zronto; 15, Arika; 20, Tuul; 10, Hay..

SCIENCE AT WORK:

ABIES (far, 22-Apr. 20)- Inventions, especially those having to do with electricity or motors, ap- pear in a favourable light. Exploit

them.

NEW HORMONE COMBATS

STERILITY IN WOMEN

£

BY PAUL F. ELLIS

D

Later on

when they are young enough to smoke haddock through one of the new glass holders they are to adopt an organ loft, so that they can learn how to behave when their boots fil with sand,

Bad to worse

00

stli

raw

HONGKONG SHARES

of

have been good for the past two years, but with little advantage to farmers who cannot get rid of their produce on the available markets because pleking, packaging and shipping cost make their prices' too high to be competitive with fruit from the Near East.

Cost of Living-The cost of living. Is still high for the average Italian, but lightly enough to cause optimism even amongst

dropping very

There was a slight slacking off in activity on the local share market this morning. Business done totall ed $422,000 in value. This morning's headed professional economista. sald;

transactions and noon prices on the Stock Exchange are as follows:

SHARER BUYERS SELLERS NALES BANKS

IIK Bank ... 2030 East Asia. INSURANCES

THAT

PHÁT night at dinner Bigboned

Bertha (Mrs Kigwidge), "Any news of Importance in that scented letter from Tibet?" roaring the word "scented." "I burned it," ADIC

the Colonel with a self-righteous who "decapitates a grin, as one dragon with a flick of the wrist. There was a moment's silence during which hormone.

Mr Kigwidge Dr. Morton said that since 1040,

murmured, DISCOVERY of

supplied "Disgusting business," and his wife's that combats one form of continuing studies have

additional evidence that hormone eyes seemed about to burst from sterility in women and possibly unbalance is associated with

num-obviously

Then she let fly. moorings.

she shouted, "it must may play a part in treatment crous other female disturbances. He of breast tumours Has been an- said treatment by

of have contained material unit for the chorionic Gonadotropin, during human eye, or you wouldn't have nounced.

periods of two weeks in each month burned It." Egham, who thought ho of New from two to four months, resulted had done the right thing, was alarm- Dr. Joseph H. Morton,

complete disappearance of ed at this new situation. York Medical College, reported that in a the hormone is derived from the breast tumours and other conditions was nothing in it," he said, making

te of irregularity. urine in pregnant women, and now known as chorionic gonado- tropin.

Conado-

injection

Applied to Cancer

their

"There

maiters

"that worse,

you or Bunty would have cared to see," "I'm sure there wasn't.' thundered Old Hockey-Face. And Bunly, as usual,

"This newly-found knowledge of started to wall, and left the room "The use of chorionic

In the intimate inter-relationship tropin in combatting sterility

of | hastily, with her three square milli- women, particularly in casea where hormones recently-has-been- apmetres of dainty cambrie pressed to.

disclose no plied in the treatment of certain her routine fertility tests

eyes. con- cancers," Dr. Morton said. apparent cause for follure to

where ceive, has proven effectivo.

Dr. Mor- other treatments falled," ion reported.

hormones

Marginal note

HK Land

hard-

the

Before the war 60 percent of average income webt for food. Today.it takes 75 to be percent of a normal family's income to buy, the basic neces- sities, Woges have gone up 50 times the prowar level, but are stúl logging, be- hind price rises in the same period.

The answer, economists say, production to meet the demand at home and thus fores prices down, but indus

boost pro- trialist claim they cannot 34duction without more raw materials and the power to cut their padded payrolls down to normal. The payrolls were pad- ded immediately after the urge by par- directed tisan factory committees, not" by Communists, who maintain that no Employee should be fired for any rea-

300 1824 CG 031 200+ 84

145

Canton

410

Union UnderwriterE

170

700

U

7,60

DOCKS, ETC.

Dack

24 33

Provident

S'hal Dock LAND. ETC.

KK Hotot

2512

27

1815 182%

231% 251 1315 27

20000 10

84

S'hai Land Humphreys UTILITIES

Tram

5%

24 2415

000 200

Star Ferry

C. Light (0) C. Light (N) Electric

1000 25

1015

000 as 2012

2012

51

1200 @ 6014

INDUSTRIALS

Cement

Rope STORES, ETC.

Dairy (0)

Dairy (New)

Tx.)

64-442%

500 24

24% 24.25 300 # 24

6 137

гол

Some industries report as many as 49 percent more workers than are actually needed to maintain full production in. existing plants. Industrialists argue that undit this Is corrected they cannot finance a steady drain on their opera- tion by paying for work, that is not done and that production tmavast be raised because they cannot afford to pay more people to do it.

Reason For Hope"

120 reason Italy's financial experts for hope in the trends indicated by the 20051-improving general-ekuation. They feel that italy in financially better off than 300, 4454 any other war-damaged country in- 444 Europe because she has almost in her

reach full recovery.

1000

2015

65

Watson (X.

53 5815

Lane

But

21

and that a kisa

"The Judicious uso of resulted in the alleviation of pain THE echo of Togliatti's kies fingers. and appeared to impede progress of Gottwald, Dimitrov, and Broz the dread disease. Studied Extontivaly

Further studies say he should have embraced Thorez, of the effects of estrogen on. the because there are more Communista associates cellular metabolism should shed new In France than in England. "For several years my

extensive light on this vital subject and point Beirut says that Communism is re- conducted and I have

control of céding in. France, studies into the causes of sterility. the way to possible We found that unbalance of the

certain types of cancer."

The U.S. Institute of Life Insuran- from Togliatti would have been good

propaganda two female sex hormones, estrogen

delayed preg ce reports that 95 out of 100 appll-

land. and progesterone,

ilfo insurance obtain nancy or made it impossible. This cants for

That, according to more policies. condition, as well

quickly Institute, in indicated by an analy common breast tumours,

In more than sis of one year's applications of yielded to treatment.

the cases observed, companies representing approxi- ja third of

successful pregnancy resulted in a mately one-half of all ordinary life few weeks and painful breast cysis insurance purchased. The survey also disappeared entirely."

heart trouble and high blood pres- In passing sure still constitute the chief cauco

the

showed

Crawford COTTONS

Ewo

400 6 55

10054

for the party in Eng-N.Y. FOREIGN the Up, the trousers!

that

A noted archacologist wants a

many for Christianity.

EXCHANGE

New York, May, 3-Today's foreign exchange closing rates were as follows:-

U9$0.2077

million pairs of braces, to save Ger-

Argentine Peko (Oficial) (Sunday paper.).

Argentine Peso Unofficial) Australia

of insurance rejection. Overweight TULMS are getting fewer, was another leading cause.-United

OUTWARD MAILS P

.

TUESDAY, MAY 4 Closing Times By Air

Shanghai, Swetow, Amoy Foochaw,

Nanking. Hankew, Tsingtan and Pel- ping,, 3.30 pm.

Closing Times By Hon & Train Manila (Be) p..

Holbow, Pakhai via Bolhow and Bangkok

(es) 3 pm.

Macao, Teinshan and Shokki (Bea) pm. Kongmoon (802) 6 p.m. Canton (Parcels and 2nd class mail) (Bea)

6 p.m.

WEDNESDAY, MAY 5' Closing Times By Air

Canton, (Kowloon CPO) 10 m., 17.30

p.m.; (GPO) 930 am, Nooh, Manila, P.I., Honolulu, USA. and Canada,

D30 am. (reg); 10 am. (ord), Blianghat, 11.30 am.

Japan (Ordinary letters and cards only)

Noon Bangkok, Rangoon, Calcutta, Karachi,

Bahrein, Cairo Nairobi,, Johannesburg, and Marseilles via Cairo) Augusta and' London, (Kowloon CPO) Noon treg and ord); (GPO) Noon (reg and ord). Lluchow. Kunming Amoy Shanghai, Nanking, Hankow, Tsingtao, Pelping, Tainan, Swatow and Foochow. Noon (reg and ordi,

Closing Times By Ben & Train

الصي

Macao, Telnahan and Bhekki (Sea) 8 a.m. Straite, Rangoon and Calcutta (Ben) sam. Macao, Txinahan and Shekk! (Bea) Noon. Canton (2nd class mail only) (Text) - Noon.

Canton (Parcels only) (Bea) Noon, Stralis (Ben) Noon.

Blanghal (ROK) Noori,

Japan Ordinary better add cards only)

(Bes) Noon.

Swatow (Hea) Noon.

Formosa via Kaslung (Beat Noon.: 11alphong and Saigon (Bea) „Noon.' Kangmoon (es) Noon,

CHECK YOUR KNOWLEDGE Answors

.

.more

boring, more stupid, and more debased. According to Mr Goldwyn, who ought to know. "the cinema is Its last legs." What will happen on next? Some say the old music-balls will re-arise. I would like to think do, but I don't. They were far too the robust and virile for audiences ac- 1. Saul. 2. Nepal is in southern Himalaya Mountains and is customed to synthetic organ music India. J. and synthetic faces six foot by eight. bounded by Tibet and

princess. What will happen next is still fewer .cool. 5. 4. From She was born a German

Robert Louis and silller and duller films, at still

higher prices. Stevenson. 6. Eighteen.

'SDITORS PRESE BERTIGE.

"Men certainly enliven a party, don't they?"

Brazil Belgium

Canada

Chile

England

Franco India

Sweden

- Switzerland

Uruguay

Venezuela

Bhanghal (CNC#100,000)

2500

323

.0503

.02231%

"We have two economies in Italy" a professor explained. "One 1 political economy and the other is financial. Un politics decides what it is going to do, the financial economy is going to be unstable."

Alberto Costa, president of the General sold Confederation of Italian Industry, the future was hopeful for busineEH. but that industry needed more govern ment help.

It is neces-

"Our production costs are silly rising." he said. "We can't expand under those conditions and our exports autor from cheaper foreign competition.

Wo need sary to encourage industry. help to modernise, improve our methods, and lower the physical costs of pro- duction "United Presa.

Rubber Prices

New

Higher

York, May 3-Rubber futures closed fifteen points higher, in line with The firmer tone in the primary markets. Sales totalled 07 contracío.

Closing prices were:-

August

September

October

20.73 nominat

20.3%

20.50 bid

ᎯᎥ

0.333

4.032%

.0033

3025

Mexico

2034

New Zealand

32314

Peru

.0100

Portugal

04021

May in cents per in.)

23.00 bla

South Africa

4,011%

June

21.35

298

July

2450

20.83 nomiga

$300

2025 bld

3010

3025

November

370

December

Jas

.4755

January (1049)

20.60 nominal

2500

February

20.00

Unted Press.

March

June

20.00

Spot

23-3/4 nomină)

17-0/101.

13-0/10

13,0/16

13-5/10

.12-5/10

12-5/10

-United Press..

Netherlands

Batavia

Bingapore

Hongkong

NEW YORK SILVER

New York, May 3.

Silver, per Ane ounce, an quoted by Mesars Handy and Harmoneren. 74tà conta

United Press. LONDON SILVER Ailver. Spot. per ounce Silver. Forward, per, ounce

United. Prem

20.00

LONDON FUTURES

June-per 18, (in.penriles)

July

September

October

November

450

PEPPER MARKET

FIRMER

pepper

December

Ford Workers Ask For Pay Hike

New York, May Black futures closed nominally unchanged with no males reported. Spát markel buyers, finding a ghtening supply position, raised bids without dislodging," worth- crease for 103,000 employees of the while supplies. The firmer black pepper prices reflected the relatively higher Indian prices and the Singapore market. nl uncertainty: ove) future Indonesian supplies.

Prices closed as follows:--

Detroit, May 3.The C.IO. United ́ Auto Workers' Union today de- manded a 30'.cent hourly wago In-

May (in cents per, lb.) 45,50 norhinal July..... September

• December

October

January (1948),

March

Spot.

40.00 48.03

JF

..

48.03

43,00 41,00

40.09

45,50

€3.00 Spot. (Welle. Muntok).

United Press.

Ford Motor Company-United Press.

Exchange Rates

Business was done in the loon), une official exchange market this "moining at the following tricks,

Chinese dollars (per CN$1. m.)

Sterling notes (per (1)

U.S. dollars (per US$1)

gold baza (per lael)

Plastron (PRE 100)) Siam Ucals (per 100) NEI gulders (per 100).

130,00