1948-07-09 — Page 7

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