1948-05-10 — Page 7

THE HONGKONG TELEGRAPH, MONDAY, MAY 10, 1948.

FOR YOUR SPARE MOMENTS

SIDE GLANCES

gulline homm

Comp.

By Galbraith

– 1981 BY HER SERVICE, NO. 1. M. REG U. 6. PAT, OFF.

"I'd have come to this home for the agod long ago if I hadn't thought you girls would be too old to enjoy gin rummy!"

• McKENNEY

ON BRIDGE

McKenney Winner Shows Bid Prowess

Check Your Knowledge

1. Why do mace and nutmeg have

YOUR BIRTHDAY..

EXCLUSIVE TELE GRAPH' FEATURE

By STELLA

MONDAY, MAY 10

ORN today, you have an almost- porter, foreign correspondent, de-

prophetic insight into the future tective or Investigator.

and your verentilo nature makes it possible for you to take full advan- You turve n' distinct dislike for tage of these so-called "hunches" to physical labour and will go the excellent advantage. You hava

long way aroud to avoid it. You Rood judgment and discrimination may be somewhat physically lazy and can separato good from bad but never mentally inerti. You are instantly, rarely making a mistake, fond of history and philosophy and Your keen alertness is valuable, too, may become

quito student in You have a wit that can be char- these two subjects, to the ming or caustic, according to your of your acquaintances. mood and the occasion. You can couch your criticism in ridicule. You are fond of the opposite sex Laughter, you have found, will often and to be happiest should wed when correct condition where serious quite young, preferably someone propaganda has little result,

who likes to travel as much as you dol

surprise

You are very fond of travel and should select a career that will give To find what the stars have In you a chance to change your scene store for tomorrOW, select your of operations often. You have birthday star read the corresponding what is called n "nose for news" paragraph. Let your birthday star and would make an excellent re be your daily guide.

TUESDAY, MAY 11

TAURUS (Apr. 21-May 21)- SCORPIO (Oct. 24-Nov, 22)-Your Confine yoursel! to conservative personal interests, especially as they business affairs and you will find an involve your affections, may bring appreciable pick-up in progress. you a happy surprise just now.

SAGITTARIUS (Nov. 23-Deo, 22) Be extra cautious when it comes, to making agreements of a business nature Involving increased expen- ditures.

22)-

GEMINI (May 22-June Changes can bring an improvement. Make them and see for yourself how much better it can be a new way.

CANCER (June 23-July 23)-

CAPRICORN (Dec. 23-Jań. 20)— Activity can bring progress, pro- Unexpected results

from something vided you are careful in making you had almost forgotten may bring your expenditures. Be thrifty,

you exceptional joy and Happiness. LEO (July 24-Aug. 23)-Good AQUARIUS (Jan. 21-Feb. 19)- along all lines except where busine Self-control and well-balanced expansion calls for unusunt expen- reasoning out of minor problems can ditures, Guard your interests, bring you better success

than you expecled.

VIRGO (Aug. 24-Sept 22)-Bo

#1

POCKET CARTOON by OSBERT LANCASTER

SOUTH

**If you don't mind by Taying so. Titmarah, the other season-ticket hufders on this train would rather you did not always refer to them as "fellow travellers":

BY THE

WAY

| by Beachcomber

FOR THE BUSINESSMAN

JUMP IN URUGUAY RAIL DEBENTURES

London, May 8-Churches and charitablo Institutions are well known to the Stock Exchange as Investors, bat their operations seldom receive as much mention in the press as they have during the past week in connection with Uruguay's proposed purchase of. British-owned rall- . ways.

HONGKONG

SHARES

For example it is assumed that the bidding which caused Uruguay Northwestern second debentures to jump £57 to £157 came from would-be holders such as churches and charitable not

This morning's session of the institutions, which are Hongkong Stock Exchange was not obliged to pay income tax. marked by any unusual features, These debentures will receive the market being generally on the not only a definite fixed price

quiet side.

Sales totalled $313,300. Transac- but also arrears of interest. tions ant noon prices wero лв follows:-

SHARES BUYERS SELLERS SALES

GOVT. LOANS

3 (1943)..

ВАНКА

IIK Bank.....

INSURANCES

Unlon SHIPPING

Waterboat DOCKS, ETC.

K. Whart (0).. Dock Provident N'in Dork LAND, ETC.

Irk Hotel HK Janit S'hal Land Humphreys UTILITIES

Tram

Star Ferry C. Litt (0) C. Light.(N)

Electric***** Mens Electric Telephone (0) Telephone (N) INDUSTRIALS

Cement Rupe STORES, ETC. Watson (X.

Itts.)

COTTONS

Ewo

2055

10135 20,000 of 101

40 000

100

5415

60 778

120 6 30

At £157 these debentures are too obliged to pay income tax on arrears high for ordinary investors, who are of interest received, but they are still

from income tax,

profitable to buyers exempt

Similar calculations caused Uru- uny Northern prior line debentures to jump £45 to £140, and Central Railway first debentures to rise £12 to £110.

Movements in Argentine public utilities were sharply increased on 1814 1000 ve 10 reinvestment of Argentine Railway debenture moneys, with buyers con- centrating on senlor ranking deben- tures for much the stime reason as ' had influenced Uruguayan Nall de- bentures.

BIS

23

2412 128 2434 2512 1912

800 24

013 6 23

100 50

43

20043

Argentine Tramway Anglo-Argentine Tramway first debentures rose £1-1/2 to £06-1/2, 4344 44 630 431 while second debentures were up £2 to £45 and incomo debentures up £1 to £194.

20

65 5614 125 05

100 555

24 231 1450 @ 25

about REPARATIONS

practical in carrying out all your PISCES (Feb. 20-Mar. 21j- ideas. Best for you not to be too Personal affairs are more favoured TTAVING no radio box, I like

when it comes

HAY to than business Involving expansion, adventuresome

follow the periodical expansion.

Pastpone important decisions.

rows in

the

papera LIBRA (Sept. 23-Oct. 23)-Real ARIES (Mar. 22-Apr. 20)-It you whether "Twelve Riddles" 2. Who wrote under the pseu-estate and all projects having to do are investigating an important mat- should be allowed to start be-

appear especially ter, you may come upon the solution fore the two hours of Bach AND JAPAN'S

a similar taste?

lonym Anatole France?

3. What mythological character By WILLIAM E. McKENNEY was invulnerable except for his heel? THE American Contract Bridge

with the land favoured just now.

4. Where was the home of the AROUND THE WORLD: League recently released the Meistersingers?

names of the ten leading Master Point winners for 1047: Charles H. Goren, Philadelphia is one of them. The Willam E. McKenney Trophy goes to the leading Master Point winner as the outstanding player of the year, This is the fourth time Goren has won,

The first year Goren won was in

A 1004

❤7532

• J74

705

Goren 407032

❤ 8

• K 10 2

♣AKI2

5.

Name the coldest place in the

world,

6.

What country supplies most of the rabbit fur used in the hat indus- try?

Answers on Column G

DUMB-BELLS

REGISTERED US..

AK.JS'

N

Q100G

W

E

4

! WALKED

$

+ AD03

Dealer 44

AAQ

ФАКУ

+905

QJ 10 08

Tournament-Neither vul.

West North East

Bouth

Pass

2N, T.

Pass

1A 3

Puss

Pass

3+

Ppex

JN.T.

4 N. T.

Pass 64

Poss Double

10

16

1937.

Opening-

At that time I asked him for

a hand and he gave me the one

shown today,

of

'Goren sat North. The first round

bidding

Was

normal. When

South bld two no trump, Goren's response of three clubs was not a sign-off. On the contrary, it was not only a game demand 'bid, but a slam try. Goren

says the best sign-off is a pass.

South's three diamond bid with only D three card sutt hended by the queen is a type of asking bid which can be very effective if used with caution and at the right tline. But Goren had to be very cautious because of the weakness of bis spade bid, which had not been sup- ported by his partner.

trump

need

However when South bid four no

there was no further for caution. While Goren then and today would open with a short club Baik, he knew that South did not have a short club suit as at no time was the spake suit supported.

East's double was not good. If there was any doubt about how to play the diamonds, the double gave it away. East probably figured that his king-jack of spades should produce a trick, zince North hnd bid apades Goren said he would not have doubled.

There was no play to the hand, ns all declarer hud to lose was a diamond,

IN MY

SLEEP LAST,

NIGHT!

PATENT OFFICE FANCY THAT: AND WITH TWO CARS IN YOUR GARAGE

CHESS PROBLEM

By R. SVOBODA

(BCF Tourney 53) Black, 4 pieces.

"

#

White, pieces. White to play and mate in three

Solution to Saturday's problem:

7, R-B3,.any: 2, 4, 1, Kior P inates.

CROSSWORD PUZZLE

Art

Exercies V 1882.), 12-7) its a motá1 (0) Army formation. (8)

10. "Anagram of 20, 14)

on the dotted line. 14)

11. Bort of legendary Crick you to

he witnessed,147,

་་་

New

17. A zolemn command, '(4)

Anagram of 19, (6)

21. Peass, (0)

Down.

2. Ace 2 Doam. Down

and 16. Enough to make Poter

rinse. (10)

2 and 22. A familiar sight in the

дцецев, 18. в)

3. A diamond is often used to do

ft and yet it has often subasi

tuted for a diamond, ra, 5)

War flowers. 151.

A degree for mother7 (2)

Commenctus as an adjective, 17) This small hill cas conch you Romething (3)

11. Ciambed.

12. You will and

a broken meal at

the end of the street to)

13..Boparate.

tu, Host of wood in tale.' (43

„Caiout (8)

today. A sea voyage is possible.

A Very Unusual Vacation

By TEMPLE MANNING WELL, people do get about!

A month or two ago we met some friends who were planning a vacation. The other day we ran into them again, and on asking whether they had de- cided where to go, learned that they had been and were back home again. And it wasn't a little trip either!

They had done some visiting in Morocco, had spent a week or so in Egypt. before going on to Paris

and from there, home. What did they enjoy most on their trip?.. They all agreed that the desert and the giant sand dunes had impressed und pleased them most of all, with emphasis on overnight desert trips.

Practiced Guido

Night in a Desert Camo

permits a 40-mile-per-hour speed. These trips are really something. In about two hours after leaving One collects a practised gulde, with the Mena House at the foot of the camping equipment, cur, and pos- Pyramids, the Gebel Hamid, a large, sibly one or more assistants, de- barren hill, can be discerned, rising nending upon the size of the party. from the desert And, when a group pooled in

financial resources, the

per enplia

cost was most reasonable.

Gebel Hamid, 32 miles west of

Eoria Spot

It

is an eerie spot, lonely

the Pyramids in the Libyan desert, silent, but withal, fascinating.

has finished.

RECOVERY

New York, May

B-Clifford

Otherwise Argentine Issues were fairly quiet.

same

Brazilian Government stocks got free ndverusing "American buyers want them"-but initial rises were · largely cancelled by the end of the week.

Brazilian Railways' show signs of Investment fatigue. They had been run up to

to high prices, and delay in the settlement of their future prices causes apparent brittleness.

Leopoldina Ordinary ensed £1. 144, Preference improved 3/4ths, 1943 Debentures Improved 1/2 to

79-1/2.

от

What Is so ainusing is that there must be no interval between items. Whatever happens the ghastly pos sibility of a few moments silence

Amerienn interest-whether 'real must be avoided. So, to keep the Strike told the Far East American Apocrypliai--- caused excitement at the highest tension, Council of Commerce and Industry Government stocks to be marked Chilean one item.

the that the reparations problem is the up 3/4ths to a comes crowding heels of another.

common price of Sometimes they chief obstacle to the restoration of 38-3/4ths. On the other hand Rails overlap, and then

the indignant

they the productive capacity of Japan. were completely idle and all prices

Strike said that the problem was of the fact that the

unchanged.United Press, to produce a sufficient quantity of majority of listeners wouldn't care

on

letters begin to pour in civilian goods for domestic con-

If Bach's entire works were desumption and for export in order to troyed, so long as they could be

provide food and clothing for the asked

questions, or lectured on new

rapidly Increasing population. Alms, or sprayed with decayed musical matter.

Poor Bunty

tone.

course, was

I

DUNTY, of

crying Dagain. "Do you love him?" asked her mother, in the voice, of Sicilian bandit in a tavern brawl, "Yes," snivelled Bunty, "but don't want to have this Tibetan adventuress hanging about him." "There, there!" bawled her mother, in what was meant to be a soothing

"Your

father will make him. promise never to see the creature again." "Do you

think," asked Bunty, "that the way for me keep his affection would be

to get one of those backless macintoshes?" A shrick of horror shook the plaster don't know what you are saying. I from the ceiling. "Bunty! You would sooner see you in an artist's studio!"

to

In the study Mr Kigwidge, was saying to bla future son-in-law: "She must be very attractive. Quite and a romantic idea-a Tibetan vampire. The Now I remember a girl in Berk-

is one of the most favoured spots silence is so deep, that one jumps at hampstead before I was engaged...' for these excursions. A few miles the sound of one's own voice, and after one leaves Cairo, the road is setting up camp seems to produce over hard, undulating sand, which the most terriße clatter!

ZBW RADIO

11.K.T.

1948

"Quite understandably, no bust- nessman will be willing to borrow capital and rebuild war-damaged equipment and modernise his plant until he knows that under the re- parations programme he will be allowed to relain and operate, his business," he said.

The repatriation of Japanese back to

WALL STREET UNSETTLED

New York, May 8-Stocks were watched the tickers for latest rall- unsettled today

Wall Street www.developments. Wall Street was

St. Louis South Western Railroad

the four main istands as resulted in confident on Friday that the White the loss of the sources of supply and House meetings would bring a basis bas placed increasing pressure on existing incipial

the for settlement, but hopes were not facilities Di Ute islamin. Under present conditions, the

so high today, removal of productive facilities which hurt world production, can eftectively be used in Japan would the likelihood of Japan becoming off-while most

It would reduce ran up seven points to a now high, supporting and, in any cam, would in-

other carriers crease the time required to accomplish this objective. It would be expensive to Sicels frm the American faxpayer and would not in the long run be in the interests of the claimant nations.

Os conflrued

over a point.

were -Iron and Douglas Aircraft lost Chrysler was easter on the strike threat, but Hudson, believed. however, that Japanese reparations problem was less were firmer.

theStudebaker, and General Motors neute than the German from many, view points. He said that the Allies' pr

Chicago Wheat and Com were off Armistice $10,000,000,000 reparations from Germany had a minor price dip.

miška [as much as 1-5/8 ennis, and Oats "sa mafur sunb.ing sorteleton

Dromise

ut n prace

*

trealy with

ntulled 890,000 shares.—

Business

Germany. As far as Japan is concerned United Press.

ich deftate rommitment has been made, since by the end of the Pacific War thinking had progrensed to a paint where the problems surrounding any large-scale reparations programme wera being carefully considered. Also the fact that the American forces are the only occupying power in Japan has simpliled the problem somewhat," he said.

Ile salt that MacArthur associates.-United Press.

endorsed the Bndings of himsonally

and' fila

«WAITER, what's the dromedary N.Y. FOREIGN

The air is cool, clean, odourless. It brings a feeling of buoyancy after "Well, the moist-laden air of the Nile Val-

"OLL ley. The heavens at night seem to be immense and so near, that one

| pie." has the sense of never having seen the firmament before. An unfer- 6. P.ogramme Summary: 0.0). "HeroA** We are Again" Variety Show will Antou Eettable treat is to view the and His Orchestra 1059): 0.30, espial stellations with an ordinary pair of Request Half Hour Presented by Nan fleld glasses, while the "mountains Dickinson (Studio): 7, "Music for You" on the moon" become real Geraldo Orch. With Geraldo Singers

when (ORUS); 7.30, Portuguese Half Tour Been even with the naked eye. (Sturtin); A. Work and Home Nowa (London Suite"-Liverpool Philharmonic

con-

sir, it's tinned, of course," Hike today?"

Then I'll have the string

CHECK YOUR KNOWLEDGE

Answore

1. Mace is the sheel of the nut- 3, Achilles. 4. Nurnberg, Germany. meg. 2. Jacques Anatole Thibault.

Heiny): 0.15, Grieg: "Lyric The trip is at its finest during the

Or term of the full moon. The clarity 5. Yakutsk Province, Siberla, where chestra; "I Like What I Like of the desert then is beyond belief, temperatures have been Presented by Viv Garton (Studio). 9, Maurice Gilmour at the Plano (Studiu); for

type at 90 degrees below zero. 6. Aus-

tralia...

the smallest newspaper 0.15, is our upon the Stage" A Talk may be rend in case.

by

Dr Rand (Studio); 130 "Pun America"; 10, World and Home News

(London Relay); 20.15, Weather Repori; 10.10.

"Take Your Choice": 11, Radio, Newsreel orden Relay); 11.13. Weather Itepart and Close down.

OUTWARD MAILS

30

Unless otherwise stated, reglitered articles and parre? x clue minutes criter than the ordinary mall. It all else before I ... registered and parcels will close at

3 p.m. the previous day.

MONDAY, MAY 10

Closing Tunes By Alr

Amay, Shanghal, Nanklag, tankow. Tingla, Pelping, Lluchow, Kunmink, Hothow, Swalew and. Fouchow, 330 pjn.

Closing Times By Sea & Train

USA, Canada, Central & South America vila Alge Francisco No Parcels for Canada) (Sea) I p.m.

Japan (Ordinary letters and cards only)

(e) p.m.

Parcots only for Canada via. Vancouver,

D.C. (Bea) 3 p.m...

Ilangkok (Bea), 3 pan."

Macao, Teinshan and Shokki (Ben) # p.m. Konginoon (8cm) $ pin.

Canton (Parcels & 2nd clase mail) (Bea)

Bp.

496

| OLDER'S

EDITONG PARSH SERVICE, ING

recorded

"No, I haven't exactly,rend Shakespeare, but I think I:

know who he is.".

EXCHANGE

New York. May 8-Today's foreign exchange closing roles were:

Argentine Peso (Omcial)

Argentine Peso (Unolial) Australia

Drazil

Bolghun

Canada

Chilc

England

France

India

US$0.2977

2305

3.22

0305

.07231

013

Os

4.031

.0033

Mexico

3015 2033

Now Zealand

3.2314

Peru

0700

Portuga!

04011

South Africa

4.0115

TOND

.2450

5300

3010

20

2712

4735 2300

United Press.

Sweden

Switzerland

Uruguay

Venezuela

Shanghai (CNC$100,000)

Netherlands

Fintavia 8lnadupre

Monckung

NEW YORK SILVER

Now York, May .. Silver. per Ano Gunce BA quoted by Mesra lindy andt Hammas

*****. 74% conta -United Press. LONDON SILVER

London, May Silver, Spot, per ounce......................... Gulver, Forward, per ounce .........

United Press.

American Cotton Exports

454

43d

Now York, May 8-The New York Colton Exchange today reported that raw cotton exports for the Benson up to May 6 totalled, as follows:-

Britain 348,740 baler, revised: Continent, 603,433 bales: the Orlent, 512,200 bales, revised; Canada, etc., 140,374 bales, revised-United Press.

In Cotton Goods Reduced

New York, May 8.-Consumer price resistance, cmphosised by scattered requests to defor ship- ments against old orders, and Isolated reports of mill curtailment in heavy goods were echoed this week In the reduced volume of trade in the Worth Street cotton goods market.

Sporadic activity developed. There were sales of drills and twills to the garment manufacturing trade, but now business in print cloths, broad cloths and sheeting remained slow, with buyera practising a con- servative policy, despite price con- cessions allowed in the second-hand market.

The erratic action of row cotton prices. plus increasingly favourable new стор advices and fears that consumer pur chasing power will be further reduced If the threatened labour strikes develop In the key industries, strengthened the reluctance of retailers to add to in- ventory positions.

Brokers said that the slowing down in axport shipments may be further curtailed unill dollar credits are available. to foreign consumers, and this proved another slumbling block to the develop- ment of new business.

Print cloths held centre attention. Despite reports that a number of milia wers in a comfortably sold-up position for the balance of the year, offerings kept dribbling out to the second-hand market.

-12

A few smaller producers porazing accumulated stocks were, ant to be anxious to lighten tnventory positions pending further appraisal of the overall price altuation-United Press.

Exchange Rates

Business was donaj in the local un-' aftielal exchange market the morning nt the following rates! Chinese dollars (per CN$1 m.) Hierling notes (per 21) U.S. dollars, fper US$1), Gold bars iper too!) Minsired (per 100) Stam ticals (per 100) NEL gulders (per: 100)

13.00

0.43

110,00

10.90

43.50