1948-07-26 — Page 7

THE HONGKONG TELEGRAPH,

MONDAY, JULY 26, 1948.

FOR YOUR SPARE MOMENTS

SIDE

GLANCES

By Galbraith

Rickter "com. TMU VY MEA SERVICE, NIC. È, AL REG. IS AL, PAT, 067,

"Now get right off-to school married man 23 years old 'shouldn't even think of playing hooky!"

•MCKENNEY

ON BRIDGE

Shrewd Play Saves 4-Heart Contract

BY WILLIAM E. M¿KENNEY

ONCE

NCE again the anhual rubber bridge tournament of .The Whist Club of New York City was

a great success,

Finalists were Mr. and Mrs. Victor Harris of the Regency Club of New York City, and Joseph Cohan of Wooster, O., playing with George Unger of New York. When, West opened the. Jack of spades and, the dummy went down,

K02 MAQ

4A905

·00604-

AJ 1050

N

$7.

W

E

10003 10704

S

KQJ

2

AQSE Dealer KJO

South

Cobain

4AQI4

J07542

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▲ 107

Rubber-Neither-vul.

Pass 14 2❤

Past

DUMBBELLS

REGISTERED USt

HES A CIVIL ENGINEER!

BY

PATENT OFFICE

HE WASNT VERY CIVIL

TO ME!

Check Your Knowledge

1. What is bilge water?

EXCLUSIVE TELE GRAPH' 'FEATURE

YOUR BIRTHDAY

A

MONDAY, JULY 26

By STELLA

PORN today, you have a scintillat- Whether you use this gift will de- Ding mind and the capacity for pond to a large extent, upon your getting tremendous amount of carly, training. You have a shrewd work done with the minimum of head for business and while you are effort. Wit, charm, and even a de- continually being offered many posi Anite,

magnella personality aro evident in your conversation and can "sell" an idea without half trý- ing! Just make sure the idea you are fostering is of top quality.

You are a great ond for Zostering various movements and have a de- dire to help all those less fortunate than yourself. The more difficult the problem of rehabilitation, the botter you like If You have the obility to let trouble run off your back like water off a duck. Some umer, this is fine but other times, It would be well to pay a little more berious attention to opposition, lest it get out of hand and cause you serious trouble later on.

You have a great love for Hilera- ture, especially poetry and probably will be able to write well yourself.

one during your life-time under the supervision of, others, you will find that your best. success comes when you are your own boss and can go your own way independently. You are original in your Ideas and caro little, what others think of them. You know they are good and intend to put them over! Belt confidence in your own capability is not one of your lacks!

You women will be happlest in an early marriage but you men, unless you wed in youth may not wed at all, for your career is often para- mount in your interests and ro mance is likely to take a back scat.

To and what the stars have in lore for tomorrow, select your birthday star and read the corres- ponding paragraph. Let your birth- day star be your daily guide, TUESDAY, JULY 27

LEO (July 24-Aug.-23)—A day of business conferences which

bring added production and profit if you show Initiative. Romance, 100. It you'want It

"This is Mr. Smith, our stow panel doctor?"

BY THE

WAY

by Beachcomber

FOR THE BUSINESSMAN

LONDON & NEW YORK STOCks:

WEEKLY MARKET

REVIEWS

London, July 24,--Unimpressed by the week's techni- cal Improvement in prices or even by the rainbow over Europe, a leading firm of stockbrokers, in a market letter, cautions its clients that the bottom has probably not yet been reached. ONA

UNSETTLED CONDITIONS

IN MEXICO

10 to 10 percent.

L

b. Their view is that Industrini phares are likely, to-reach even lower levels in the next few months, partly because the Bellers' market is coming to an end both at home and abroad and earnings have not yet re- flected that fact; and partly be cause current yields of leading › Industrial stocks, which are around four percent or less, are era of

in an

AQUARIUS (Jan. 21-Feb. 19)-A SILENCE Cocklecarrot,

in Court!. progressive day, especially if you are endowed with all the majesty of in merchandising. Markets appear the Law, including a great wis to be improved, make a profit,

PISCES (Feb. 20-Mar, 21)-To- fit for an ostrich to neet In, is day, compromiso will get you ex- about to address the jury VIEGO (Aug. 24-Sept. 22)--Con- actly nowhere! Take your stand; which event the giggling Ginger sider all new opportunities with an stick by it and you will win out Beere takes es a pérsonal com. imported foodstuffs by Umling'pur | improvement. gave' pleasure, even if experienced eye. Don't accept empty promises. Know where you'ro going.

LIBRA (Sept. '23-Oct. 23)-Con- dilions are definitely improved and on unexpected opportunity for ad- vancement may come your way.

SCORPIO (Oct. 24-Nov. 22)~A

good day if you are cautious. Con- Aleting forces appear at work but you can gain control by wise actions. SAGITTARIUS (Nov. 23-Dec. 22)

eventually.

.:

ARIES (Mar. 22-Apr, 20)-Go out after what you want but don't causo an argument by pushing tactlessly Strong, gentle pressure will gain your objective.

TAURUS (Apr. 21-May 211-Con- tinue the good aspects of yesterday's activities and you should win that promised advancement on the job.

GEMINI (MAY 22-June 22)-The

Mexico. July, 24-The Mexican peso today opened about 6.55 to 0.05 to US$1, which was virtually un- much too low changed from Thursday's, close and dearer, money 1.80. below the former pegged price of 4.83.

They are suggesting buying "blue chips only at prices yielding 4% Economie conditions In Mexico or 4 percent. With variations this are generally unsettled, Plans for doctrino is apparently being new construction and expansion by presched In provincial stock ex- n number of industrial companies changes as well na in London, fur have been abandoned, and some Im- the public in the past week de- ported goods have shot up, as much finiicly slayed out of the market."

Bear covering brought about_a operations in certain lines, such as absence of public buying was re- Some stores haye discontinued moderate recovery in prices. The shoes and electrical goods, until the ficcted in the dally turnover, which situation is clarified, Chain food averaged 5,761 compared with 3,800 stores fought to prevent runs on the week before. But the all round chases or requiring the purchase of the recovery, was mainly technical. 10 to 20 pesos worth of Mexican pro- The Financial Times Index of ducts with each unlt of imported leading Industrials rose two points food. Vagwire in the dock, "Branded

to 111.7, but this index at the be with the

marks of his infamy" Mexico has been fighting a spiral-ginning of June stood at 110.7 and (leading article in "The Niggler"),ling cost of living index which rose

at the beginning of January 120.0. hongs his head. Tha barristers to 314 in May, compared with 100

The Indices of Government securi puff out their checks and grip their in 1930, and President Aleman him- lapels, the solicitors click their teeth self has conferred with national and tenance of Cocklecarrot state officinis on the problem.

shares improved microscopically during the week. the ushers lay bets. coughs, purses his mouth, whispers

Although the Berlin situation was to an attendant, leans forward, leans back, pushes his papers about, drops elly of Puebla earlier

Troops were called to patrol the unanimously voted as having greatly calculated to terly

week improved, European bonds «refuse)

pliment,

this

at

A better than average day. Two early bird who has a lot of fresh a pencil mall-user out of before the announcement of the peso to rise extravagnhtly.-United Prest

good influences will offset minor set- backs, so act accordingly.

CAPRICORN (Dec. 23-Jat 20)--- Accidents come from carelessness; be your guard. Be conservative. Look before you leapi

AROUND THE WORLD:

energy, is the one who collecte the the rewards this day! Get going.

CANCER

(June 23-July 28) Opportunities for a new job are at hand. Pick and choose what you want; then go out and get it now.

A Stately City In Mexico

By TEMPLE MANNING CUADALAJARA, capital of

the

Strle of Jalisco, second largest of all the Mexican cities, outside the Valley of Mexico, is one of the most beautiful, one of the most urbane and delightful places anywhere.

e stately, well-organised, It is well-run metropolis with a Spanish, Moorish, Mexican Bavour set beau-

2. 1s Newfoundland part of the tifully 5,200 feet above the Pacific

Dominion of Canada?

3. Who was Solomon's father?

and 122 miles from the west coast

of Mexico. hilly alope

It stands on a gentle

so if it

Atemajac, 50 #, the lovely

4. 1s Rembrandt's "Night Watch" atmosphere and setting.

West North East Double PAIS Pass

a pleture of a night scene?

10

Pass Pass Patt Opening-J Cohan studied the play, then called for the king of spades from dummy. In- Actually, however, he had tended to win this trick in his owu hand, and he led the deuce of hearts from his hand. East called alten- tion to the fact that, the lead was in dummy and Cohan had to play a heart from dummy. So he called for the heart ace, which dropped the singleton king. Now he knew East held four hearts to the ten- nine, which meant a heart loser, a spade loser and two club losers.

If he could combine two of those Josers into one be would be all right. Ho led a small spade from dum- my, East refused to trump, Cohan won with the queen and led the. Three of diamonds. Dummy's ace of diamonds won this trick, the other small space was led and again East refused to trump. Cohan won' with the ace of spades, trumped the five of spades in dummy with the and trumped a queen of hearts, small diamond in his own hand with the four of hearts.

His next piny was the ten of cluba. West won with the queen and made the mistake of cashing the club ace. Then he led the king of diamonds, "Which Cohon trumped 'with the five of hearts. Now all he

had to do was lead the eight of hearts East won with the nine-spot but had to lead away from the ten- abe through Coban's jack-eight.

5. Name the first wife of Henry VIII.

• 0. bred?

seltingut

would had be a charming spot.

Guadala Jara has so much more. It has a healthful climate with tempered warmth; it has handsome. streets and buildings and charming inhab itants. And it is the most Spanish The Alhambraic, city in Mexico.

On what island is the Manx cal siriking picturesque arcades which half circle the Plaza de Armas, are

those Moorish counterparts of

of old Granada.

Answers on Column 5

CHESS PROBLEM

By O. BRENANDER

Black, plecos.,

White, & places.

te

White to play and mate in three. Solution to Saturday's problem:

1, Q-Q3, any; 2. Q., B, or Kt mates.

CROSSWORD PUZZLE

*1: RUNE RECARO. (ANISH.), TOTH ARAty,

¡VOTY" "WO01.

¤ And 1, Funny, fooling. 3648, 7}}

The space to ahun.

Td. The edge of any trimmed nedge,

19. Pirina may do theti ¡carens- or

Just their hobby. (0) B

.14. Pound in the chlidren's ward. 455.

10. A dost distortion (4)

17. Word much on feminine ap

BLOSU DRESU:18)

16. A sheltered andy ani ~

220, Incromes, (6)

21. 13 la this sort of plios (2)

El-Bet I Down

25% TREY MAY be tied or united) 15),

Ms

Down

KON

1. and 124, 1ta function SO DO ANUNT

in, axploding gases. 10, 43 The index a. the hour cardiéton. A globo. (0)-. &. Continent., 19). The artery is at your elbow, 10) -4. 4. The diamond for example. (7)

3% *Jockey of manche nos so hoid,

Por Diskon thy mealer is boughs and moich" "(H. Richard III.), KT 8. Bee B Across,

D. Lituo Bally" is upaht as becoming

attached to the pitman. (BJ) .-.- Food for human beings. (1

10. Pasioning? (0):219, Miquet. -13)

Ornate Balconies

Spanishí-Moorish Many of the hauses are patterned after those Valladolid, and Cadiz. Ornate bal- conies of iron or carved wood over-

of

his

life, and to impress upon the jury devaluation, after riots were preci- the solemnity of the occasion. Cocklecarrat begins to speak,

All is so still that you derously. can hear a rat in the robing-room.

Filated by an increase, in bus fares. WALL STREET

Interruption

pon-

DUT as the first words' fall' from

TRENDS

Tourists have found themselves in an enviable position with their dollars worth 20 to 25 percent more

New York, July 24-On Mondaý than formerly, although most tourist stocks broke $2,000,000,000, and then centres are quoting the peso below rallied for four sessions, retrieving the, bankers rate.

nearly all losses on a sharply cur- the list back to where it was on talled volume. Monday's break sent May 7, and it was the most sovere turnover of 2,500,000 shares.

Financial circles sald big mining

.: most

of

B the judge's Lips, like antiquated companies were behind pearls from a veteran oyster, a what little activity there was in the shriek rends the mephitic air. A foreign exchange market--United sharp crack, a muffed oath tell that Press. Juryman Scabbard has hed his face slapped by Ginger Beere, "What

- 15

creáture,

127 queries Cockiccarrot, "Mlud," the bouncing "that man pinched my

answers

Car while

pretending to retrieve a bit of bis-

cult from my shoulder."

"M'lud,"

(Loud

says Scabbard, "she pushed her car

me provocatively."

at

Laughter.)

Cocklecarrot, ・ ・ muttering

HONGKONG SHARES

this

on the Hongkong morning Details prices

The turnover

Exchange Stock totalled: $134,450 in value.

and noon

DUYERS SELLERS SALES

Tik Bank 1000n pris -10-1980 INSURANCES

thing about

Bome- being nothing germane to the Case." ignores the interruption, and once again begins to speak,

"Such things

of transactions follow:

SITARES

BANKS

| Something or other

6-14

A hibition, can be

Blesta time in Mexico.

STHMA, being a "pre-natal In-

cured by "swinging the patient backwards and forwards on a swing, and then This suddenly pushing him off.

cures the simulates birth patient. If you push him off a la the university, housed in a mod-

It simulates much higher swing, ern, very well-equipped structure, death, and the cure is oven

with some of its balls beautifully effective. decorated with murnia

In the west quarter of the city

Huge Buliding

The cathedral is a huge" bullding,

Tail-piece

and

more

look the streets, Coloured tile roofs but is so hemmed in; that it is dif- 66E SAYS to 'er, wives leer, ovd and interiors decorated with glow ficult to really appraise it. Its pyra-

you like

cabbage sandwidge, ing, colourful illes. lovely pallos,

midal towers, of Byzantine archi- my dear, an' she says I 'ato cabbage like those of Seville, where foun- tecture, dominate the and no and you, too, an' 'e says or right, tains, play, tropical birds hover, wonder, for lines of electric bulbs can't a chap be matey, an' she says and brilliant flowers bloom, give a lead along the ridges to the pinna-no, e ruddy well can't, soo goes rich, colourful beauty to the town

Illumination

that la orf.wly is fall between 'is legs and cles, making Most beautiful of

though. all, gb. is somewhat theatrical, but quite at when a coine back, there she was the general pleasing air of the pec- home in this town of colour and talkin' to a bloke wot 'ad stood 'er a ple. Hero is no mad scramble for flowers. The view from the towers cabbage sandwidge." wealth, no forgetting of t

-the

for

com- is lovely and takes in many subur

mon courtesies, no dog-eat-dog at ban towns and a pleasant sweep of mosphere pervades so many cities the surrounding countryside.

most that can spoil even the and that riorious, of, places. We were not astonished to discover that Guada lajara is the favourite honeymoon spot for so many Mexicana.

A Promenado.

Dingonally across the way from the west entrance is the lovely old palace of the archblahop, with its quaint, squat towers and delightful patto,

One of the real gems of the city The gathering place of Guadala is the children's orphanage, a sight Jara is the Plaza de Arms, a gar- to see and to admire. It is set in a den-like promenade near the centre maze of gardens that just flame of the city. It is flanked on one side with tropical flowers and trees. by the Imposing palace of the gov

*

ernor, and on the other by the It takes care of over 600 children, aforementioned arcades punctuated as well as aged and unfortunate adults. Its training and industrial by small shops, cafes and restau- rants, Three nights weekly there is schools are admirable.

a concert by one of the finest mill- tary bands in Mexico, and quite often there is the sweet music of strolling musicians.

ZBW RADIO

HK.T.

8 Programme Bummary; 6.01. Ambrose and his Orchestra (wifi Vocal); -0.30. Korpital Request half hour presented by Nan Dickinson (@tudio) Musie. Hull Presented by John Bhilcock and Philip Burns (Studio): 7.30, Portugunan aff Hour (Studio)1's, World and fome News (London Relay); 0.15, Linda' Calor. Talku on Films (Bludio);, 8.30, -"I - lika --what like"resented by Susan Howard (Studio): 9 Maurice Gilmour: «t, the Plane [Btudio): 9.18, Commentary on the Tast Match Landon:

10. World

land Yard Work" (030,"Seat-

and Home News (London kelay): 10.15, Weather report: 10.15, Selections £roen „Operas, 15:45, Danon to the Mayfair Or- Chestes, (Vack) Refrain); 11, Radio News Itami (London) Selay}ike11.15, Wolthor -report-imid· Close down, but

CHECK YOUR KNOWLEDGE

Answers

Bhai Land

drop in 21 months, involving

Dealings fell stendily thereafter despite the recovery movement, and Friday's total of 818,000 shares was the lowest since May 21. -

War fears touched off selling. which reached a climax after the previous week's drop

Later in the week, Wall Street turned its attention to the uncer- talaties of the special session nt falling off in volume. Congress, which accounted for a

up

During the week, industry stepped production and several important price advances were made, notably in Steel and Nickel. Commodities lost a small amount In the Index,

In addition to good production reports, favourable corporation re- purts and dividend actions helped the market recovery.

Railroad earnings were particular- ily good, but Railroads were among 100 2013 the hardest hit on Monday, and be

Union

700

HK Fire

200

DOCKS, ETC.

“N. PL Whart

Dock

0

2016

200

LAND, ETC,

HK Hotel

13

XK Land

61

4.00

2234 2314

300 g

24 700

200

.2234

41%

43

#

43

250 421

NO

UTILITIE

Tram...** Star Ferry_

C. Light (0) ** Electric

Elacao. Electric Telephone [0] INDUSTRIALS

Cement STORES, ETC, Dairy (0) Watson (0) Watson_(N) Lane Crawford, COTTONS

Dwo

300

cause holders of stocks took profite Rails lost ground in the week. Their average closed the week at 61.15, off 0.01 on the week, but up nearly two 23 points from the week's low.

Steel stocks were firm as most 2312

companies raised their prices about 11 percent.

44

200 * 50%

500 0139 032

1015

WORLD PEANUT

PRODUCTION Washirigton, July 21 The A

01

culture Department reports that tho world peanut production in 1947 is now estimated to total 10,200,000 short tons, compared with 9,800,000 in 1940 and 0,800,000 prewar.

It

Demand swung to the Automobile section and General Motors gained 14% points on the week.

Some Oll Jours recovered.-United Press

Corporations Absorbing

Small Firms

Washington, July 24-The Federal Trade Commission said today that glant corporations may "take the country" unless something is

over

said that United States and done to prevent them from increasing

smaller

It issued a report stating that since 1919

big corporations have swal-

up 2,450 Independent ma-

Commission

blamed

ng and

mining companies.

1. Water in the bottom of a ship: French West African production is their power by absorbing 2. No, it is d separate British pos-up substantially over 1046,, and Arms session. 3. David, 4. No, it received United States output is 83 percent that title because when it was dis- above prewar.

It predicted that the 1948 produc- covered it was very dim and re- sembled a-night scene, but when tion would approach the 1947 record. cleaned it was found to represent a United Fress.

of daylight scene. 5. Catherine Aragon. 0, The Calf of Man on the tip of the Isle of Man, in the Irish Sca.

"In answer to your suggestions for this week

Newsprint Price Increased

mil

D

this

practico on a "Toophole,, in'"- the Clayton Anti-Trust Act which per

corporations to buy the ospets or physical

equipment rather than additional stocks. The Act does nothing about this practice although it prohibits the formation of monopolisie. combinations through purchase of stock alone. As a remedy the Commission called for Congressional approval pendinga Bill

rust.

amend the Clayton Anti-

Act

New York, July 24, The Abitibi Power and Paper Company Limited of Toronto has announced a boost in the price of newsprint by 84' ton

nothing is done to check the F.O. U. New York City. This is growth in concentration, the Com- the second increase this year mission said, "either the giant cor United Press.

porations will ultimately take over the country or the government will be compelled to step in and Im- pose some form of direct regulation collectiviam will have been relegated to the limbo of

of well- done in the local unintentioned, but ineffective ideals.

Exchange Rates in the public interest. In: either

"Dunintentaa official exchance market this morning, in the following rates:

Chinese dollars (per CNJ W.).

Sterling note, (ber

a)

UB. dollars (por. UB#1}\

Gold bars (per tant)

Plastres (per 100),

| Bisch Litals (per 100)-

NEI gullders (per 100)

This Ja warning which the Com- Jamirsion has repeated time and again

14.23

a

préservation

of

14 and which some of those who have

most to gain by, the competition seems determined

"United Press.

Press?