1948-07-27 — Page 7

THE HONGKONG TELEGRAPH, TUESDAY, JULY 27, 1948,

FOR YOUR SPARE MOMENTS

SIDE GLANCES

By Galbraith

COPR. 1948 BY KEA BERVICE, ING. 7. M. NEG, U. 9. PAT, OPY.

"'Yes, it's a good time to reduce, with things to high, but when i wont on my diet it wasn't just because we can't afford the prices!"

• McKENNEY

ON BRIDGE

3-Bid Nearly Down By Distribution

EVQJ106

AK82

8752

J103

БЛОС...

N.

AQ 1073

4

tw

VADJ

KQ85

S

10

Dealer 4972

+0

Lightman

46

K

+A0742

XQJ088

Tournament-E-W vul.

Bouth West

10 Double Pass IN.T. 14

Paks

IN.T.

Eut 1 Pas Page Double Pass Pars 3. Pafs Pass Double Pass ‚Opening--♣ A

North

Pass

BY WILLIAM E. McKENNEY

MIE Midwest Conference

THE

DUMB-RELLS

FREGISTERZO USL FATENT OFFICE

WHY DO YOU WEAR

YOUR

EYE GLASSES

IN BED

?

I'M GETTING SO NEAR SIGHTED

I CAN'T RECOGNIZE THE PEOPLE

I DREAM

ABOUT!

Check Your® Knowledge

1. What is a soporific?

2. What and where are steppes?

EXCLUSIVE TELEGRAPH' FEATURE -

YOUR BIRTHDAY.

By STELLA

You have a magnelle personality which is especially attractive to the opposite sex and probably will have a number of admirers, of the fair tex. You men have high appeal, also, but actually are happiest when wed at quite an early age for your own family brings you a great deal of contentment and happiness,

TUESDAY, JULY 27

a strong Bwill, and PORN today, you have

adery, impetuous nature which is often governed by a to your environ- high sensitivliy ment. This may make you think your life is full of contradictions. As A result, you have a tendency to go to extremes in temperament. Moods are often violent and as you grow older you must learn complete con- trol of yourself before you can hope 1o. control others:, Learn to let sur face matters affect you less; to look underneath for the basic molivations. Once you have given each project will find this much thought, you life easier.

Your powers of concentration are high and you have learned to be more than ordinarily cautious where money matters are concerned, since in your you have known, perhaps younger days, the pinch of not having enough. Don't lean over this regard for some backward in may consider you too penny-pinch- Ing.

You have good judgment and your high sense of honour is one of your. strongest chamcteristics. Once you have set yourself upon a certain path of procedure, you will complete the task to the letter with exactness and precision.” On the other hand, if you do not find an all-enveloping objective early in youth, you may be inclined to wander about restless- ly, looking for something to hold your interest. Find your ideal at an early age

SUCCESS.

and stick to it for best

To find what the stars, have In store for tomorrow, select your birthday star and read the corres- ponding paragraph. Let your birth- day star be your dally guide.

WEDNESDAY, JULY 28

LEO (July 24-Aug. 23)--A fino merchandising day. A good time to open a new shop and bring it to the attention of the public.

(Aug. VIRGO

24-Sept. 22).

Affairs on the home front are in fine

shape. Make your happiness secure. Business matters are also improved.

LIBRA (Sept. 23-Oct, 23)-Your own initiative in fulfilling yester day's opportunity will determine the exact degree of sucess which can be yours.

SCORPIO (Oct 24-Nov, 22)-A day for home building. Your own family group can bring you excep- tional happiness just now.

SAGITTARIUS (Nov. 23-Dec. 22) -Buying and selling of property meets with general flavour Just now. Pronts can be mide if you are diligent.

sur-

CAPRICORN (Dec. 23-Jan. 20)— New opportunities in fresh roundings can go a long way toward paving the rond to success for you.

Around the world:

AQUARIUS (Jan, 21-Feb. 10)—A change in your environment, prob- better, is in the air. ably for the Marriage might account for itt

Postman's late apain

BY THE

WAY

by Beachcomber

WHILE allotting to myself, aa W unit of personnel, my PISCES (Feb. 20-Mar. 21)-Be energetic when it comes to preasing daily nutritional intake of news- now print, I came across a delightful your advantage. Signs are favourable. Make the most of them. addition to my vocabulary of

jargon.

ARIES (Mar. 22-Apr. 20)—An un- expected bit of good fortune may

The sentence ran: "To meet the come your way to change the tenor of your ways. Take advantage of it.increase in throughput.. Clearly, this must not be confused with in- TAURUS (Apr. 21-May 21)-All put or output, having regard to the matters pertaining, to business and overall alluation operating

excellent. Social period of man-hours. romanco appear contacis foster professional Ds well.

Buccess

22-June (May GEMINI

22) Merchandising Is favoured. A good salesman can pyramid his gains by astute actions right now. Be wise.

Art

over a

WAS not wholly serious when I suggested recently that the new erazo for art could be stimulated by CANCER (June 23-July 23)-Real the distribution of fish at each gal- estate appears to be flourishing. Ilery. But now I note that the direc- you want to make a trade now, it could prove highly advantageous.

Rouen: A City of Memories

By TEMPLE MANNING.

DAY our

TODAY

thoughts wing to- wards Rouen, that beautiful of Norman city where the drama

Joan of Arc was played to iis awful conclusion. A beautiful city, a fine busy-yet city, up-to-date and

one can almost strolling about enact the various events that have left so indelible an impression on Rouen. It is as though the doughty Joan still hovered about the city, as though the burning was yet to take

That is how

place! food with Rouen hly Joan

3. In what ocean is the Island of is Ceylon located?.

4. Name the principal languages that are spoken in Switzerland.

four- nament at Cincinnati was one the largest tournaments I have The attended for long time.

#1 Cincinnati

American unit of the

enter- Bridge League Contract tained royally. Cincinnati is the ed7 home of the United States playing Cord Company, and between ses-

One strolla to the old castle of Philip Augustus, where, after her victories, Joan arrived in December 1490. Ono strolls by the Rue Jeanno 'Arc and then to the gate above Clock which is the magnificent

5. Why is a steeplechase so call-Tower,

פי

built in 1389, the gate through which Joan passed on her. way to the site where the burning

State the difference between took place.

slons on the last day of the tour- tungsten and tung.. nament, that company gave a buffet dinner for contestants.

"Wrecked on the rocks of de- tribution" is a remark often heard at tournaments, and during the used dinner that expression was

In a discussion of today's hand by Memphis, of Lightman M. A. Tenn., former holder of the world championship pair Utle..

After winning the opening lead of the ace of spades West shifted to the ten of clubs. Lightman won this in dummy with the ace, and cashed the king of spades, dis- carding the king of hearts from his pwn hand. Now the best that West could do was to make three diamond tricks and the ace of spades.

this The interesting point in hand was not in making three diamonds doubled, but the fact that if Lightman had passed two no

doubled

undoubtedly he trump would have made, that contract, also. It is likely that West would have Jed the three of hearts rather than the ace at least the West player against Tightman said he would have led the three. In that case Lightman would win with the king, cash alx.clubs. and the ace diamonds for eight tricks.

of

Answers on Column 5

CHESS PROBLEM

By L. LOTHSTEIN

Black, 11 pieces.

R

White, plecèn.”;

White to play and mate in twa Solution to yesterday's problem;

1. K-Kt7 1.B-K7, P-B4; 2. Kt Kt5; 1...P-B35; 2, Q BS (ch); K-KJ; 2, Q—K4 (ch).

CROSSWORD

1. Take a letter from pawn. (3) 14. Hting, (4)

15. Depend. (6) 16 Ward Boo....in one word. (Ü) 10+ Lassen. (0),

1. Bounds da though I'd a bank of sand thrown UP bị thi BI: much alter sngügit" 15. 4).

It is mengemily (xed-in sof), (4) 1. A. 18)

BY DOWN

Nourishniente (7)

a. Prved.

to 10 offer. taken in. 191

Blondwine temporary Tou

1.

- Ga In 1

it. Pelina' quadruped," (8)

01

10. Getting is here loaves a tot of

lepway to be made up (7)

Married! On the contrary, (3) 27. Baluflod af yesterday's puxile-Across: Through gading ‘at his pwn, in- ·BONUSCODE: :3 and 'B' Piné ' and

• Him?·15, Kirmen; fection he turned into

intentions tha% máy be good or Emma cea maka - this ̈ work-of

Mineri

Splendid Chapel."

Castle of La Pommerage, one or the numerous castles of old Normandy.

tor of a gallery greca in principle with my progressive attitude, He What suggests "movable walls." about a sliding roof, a huge synthetic organ played by four girls, and giving off coloured sparks; and a main in the roller-skating rink room?

Cocklecarrat sums up

FOR THE BUSINESSMAN

Record Gold Hoard

At Fort Knox

Washington, July 26.-The U.S. Treasury's gold reserve hit an all-time high of US$23,650,592,878 on Tuesday last amid demands from some quarters that part of the bulllon hoard be taken out and put back into circulation.

HONGKONG

SHARES

The turnover on the Hongkong Stock Exchange this morning was 8,057 shares with an aggregate value of $237,000.

and noon prices Transactions and

follow

SHARES: NOYERS SELLERS SALES BANKS

HI Bank

2000. 2020

2016 East Anla

INSURANCES

Canton Unkon

XK Fire DOCKS, ETC.

Dock Provident LAND, ETC. HK Hotel HK Land S'hal Lond

UTILITIES

Tram Star Ferry C. Light 101

INDUSTRIALS

755 769

230

2015

24

ཐg

20

Treasury quarters announced that the pile of glittering bars buried in the vaults at Fort Knox, Kentucky, has grown more than two billion dollars It during the Inst 12 months. almost equnla, on a dollar for dollar basis, the amount of paper money in circulation, which legally has to be backed only 25 percent by gold.

On May 31 the Federal Reserve Board reported US$27,812,000,000 In circulation outside Treasury and Federal Reserve Banks. But nearly

blillon of Utis is in colna or 20 700 small denomination Treasury bills such as une, two and five-dollar bills which legally are backed by silver

ather than gold.

100 224 Thus the Treasury would be in-

good shape to handle many a "rum

1724

2220

3000

2214 2014

300 a 801 for gold" that might take place i

420 Congress should decree tomorrow 420 that paper money be again freely

"convertible" into gold coins.

TWO VIEWS

-231 2331 500 50 232

200

44 *.422

Cement STORES, ETC. Dairy (0) Wation (0) Watson (N) Lane Crawford 5415

Emporium

200-**

100 #

Gd

1275

$10 b 300

04

One group of economists led by Professor Waller Spahr, of New York University, contends that 400 5014 something like that should be done at once as a step towards combat- ting Inflation and restoring "mone- tary atability, Representative Howard Buffett agrees and bus in- troduced a Bill to do it. But Treasury experts and many promi- nent and privato economists think It would be a bad idea and argue What in the long run it would under- mine

United States financial stability.

N.Y. FOREIGN

EXCHANGE

New York, July 26-Foreign currencies in relation to the U.5. dollar were quoted at the close today follows: Argentine Peso (Omletal).. US$0.2977 2004 Argentine Peso (Unoficial) Australia

Brattl

Belgium

Canada

Chile England Franco India

The Gold Reserve Act left the United States on the gold standard so far as international exchange is concerned.

holds Any foreign country that United States dollars can at any 3.23

0550

get gold from them sat the Cuzză-3/8 | rate of US$35 an

But ounce. .03

foreign nations for a long time have had for less dollars than they need 4.83-1/4

and

machinery. in

time

Instead of trading dollars for they have traded their

own ,0700 0403-1/2 reserves for dollars so as to continue 4.03-1/4

0033-3/4 just to pay for wheat

Mexico

New Zealand Peru

3024

326-1/4

18-1/4

They want to buy

America.

gold

gold

Portugal

South Africa

Sweden

2789

Switzerland

2533

buying in America. Thus the hoard at Fort Knox has grown tre-

Uruguay

4300

mendously-United Press.

Venezuela

2010

Shanghai (CNC$100,000)

2310

Netherlands

J710

Datavia:

KTAS

n

4740

Singapore

2484

United Presu

THIS man-if, indeed, he be

man and not some monster of the marshes this. hardened repro- nails without bate used seventeen permit or licence. Were his execra- ble example to be followed, the de- which issues the forms base activity

work.

ed with this

Unem-

would soon be without ployment would rage, and our mora-

Hongkong

POUND NOTE RATE New York, July 20-The Bellish pound note the unofficial market here today was quoted at US$100-United Prem,

lity would become the laughing stock Narrow Trading

of an

outraged Vagwire stands before you unrepentant. In have less enlightened ages he would been hung, drawn, and quartered. I suggest that he is liable, under a xt week. next secret law to be passed

In Cotton

Quiet Day On Wall Street

New York; July 20-Stocks sold off-sharply, today, near the close of the market, with steel arid, railroad issues on the decline. Trading was the quietest over a period of four mnonths.

Uncertainties regarding the out- come of the special session of Con- |gress and speculation on the Pre- sident's address were some of the

Now York, July 20-Cotton factors contributing to the late

to Imprisonment for life. The public futures todny opened two points declinarket opened steady but ̄as ̈

must

by protected from dangerous criminals. It is, however, my de- lightful privilege to temper justice with mercy. I therefore sentence him to twenty years' imprisonment with hard labour."

The truth is out at last

The Palais de Justice, a splendid Close by is the Church of Notre example of late Gothic, is now oc- Dame in which is a splendid chapel cupied by the law courts, just about THE Hungarian Boy Scouts have at true dedicated to Joan. The church, one the most magnificent setting for the of the finest in France, was started

afar to see.

and

last awakened

to the

have explained that they will no ever beheld. in 1201, and is worth coming from majesty of the law that we have character of the movement. They longer belong to the International Federation, because the Scout move- There is the famous Butter Tower,

Rouen has a long, long history.ment exists only to serve Capitalist erected in the 15th century,

two thousand years ago ment

explains why, for interests. This paid for by the sale of indulgences Close to

The Rouen was Rotomagus, capital of a to eat butler during Lent! carving on the 13th century choir, Roman province, and of great im- instance, Scouts in England are run why so many elderly Scouts in which contains one hundred stalls, portance oven then, Through nearly by a secret Board in the City, and is something to behold, as are the twenty centuries, it has been pil-France belonged to the Comite des 10th century stained glass windows, laged, sacked, burned, rebuilt and Forges, If you meet a group of small In the Place de la Pucelle is the again destroyed. The contents of boys going in single le through o Hotel du Bourgtheroule, famous in the Museum of Antiquities tells a wood in Kent, you may be sure they architecture as a notable example graphic story of the city's exciting are all the sons of millionaires of the transition from Gothic to history, but then, the whole place is the way to evict poor labourers from

their homes. Renaissance style, and built at the a museum of antiquities! beginning of the 16th century. The

of

OUTWARD MAILS of Rouen's history. We hope that the

lower to three higher. Thereafter the market drifted Irregularly over narrow trading until the last hour when there was a flurry of liquida tion and hedge selling,

Japanese

Board

Trade had re-entered the market for on Transactions ence March 15,

turned

trading progressed prices easy, and final losses ranged from fractions "to_around

a point. The sell-off slashed almost $500,000,000 In market valuations from the list. fell to 720,000 shares, the

Corn Oll issues were lower.

spot in products were the weak since specialties. Fractional losses were the enquiry had been expected, for shown by American Can, American several weeks the news had been dis-Smelling, Chrysler, Sears Roebuck, counted.

·News that the estimated 80,000 bales of American cotton, for shipment prior. to September 30 or at the earliest date, did not influence the market... Traders cald the amount

smaller than expected and that

October

was

Prices closed follow: Spot

August

September

November

33.80 37.10-11 32.00 nominal 32.00

General Motors and Carbide.

Dow Jones averages at the close 33.50 nominal of the session stood

30 Industrials

·follow:--

20 Ralls

184.17 60.50

15 Utilities

35.20

December

March (1940)

May

July

32.14 31.87 nominal 31.37-40

00:50

29.53 nominal October New Orleans prices closed as follows:

32.05 Spot

12.09-11

October

December

Murch (1049)

on

May

July

October

December

32.03

31.04

31.67

31.40

20.54 bid

NO.40**

United Press.

40. Bonds

United Press.

AMERICAN SUGAR

MARKET

New York,

July

10 World Bilder futures today closed tour points higher to two points tower on sales totalling is contracta.

Domestic augar futures closed five to eight painis lower on sales totaling 182 Leontracts.

as

CHECK YOUR KNOWLEDGE NEW YORK METALTIACT NO. & World),

Answers

famous meeting, in 1520, between It is with a start that one comes the kings of France and England is out of the storied past to visit some commemorated in a series of panels of the great mills and other plants,

exquisite carvings.

which

are starting to gain momen- tum once more, after the latest phase Suspension Bridge view from the onco

a busy river discloses

1. A medicine which produces a

today: old deep sleep. 2. Level plains in Russia are still reflected and Siberin. 3. In the Indian Ocean. Swetow, Amoy. Tainan, Fochow, Shang scene, and. that the beautiful

hal, Nanking, Hankow, Tangtao, Pol timbered houses

German, Italian and French, 5, in the placid waters of three-lined 4. ping and infhow, 3.30 p.m..

Closing Times By Bea & Train canals. A beautiful old city, Rouen, Because it was originally run be- USA, Canada, Central and South America

via San Francisco (No Parcels far and it has always amazed us how tween two prominent objects, such many visitors to France sidestep it as steeples, 0. Tungsten is a mineral

hurry from the Japan (Ordinary letters and carda only) as they

coast while lung is an oil obtained from through Normandy to Paris.

the Chinese Tung tree.

TUESDAY, JULY 2 Closing Times xy Air

Canada) (Ben) 3 p.m.

((800) 3 p.m.

Shanghal and Honolulu (Sun) 3 pm,

Amoy (Sex) 3 p.m.

«Manila (624)-3 p.

Macao and Tainshan (Bae) 4 p.m.

Kongmoon (via Canton)

(Train) 5 pr.

Canjon (Parcels & 2nd class mali) (Ben)

p.m.

WEDNESDAY, JULY 28 Closing Times By Air Canton, (Kowloon CPO) 7.20 *.m., 10 a.m. 12.30 pm, 3 pin.:-(GPO) 7 Am7 0.30 ... Noon, 230 p.m.

Shanghai. O em. (rog); 0.30 am, tarvi), Manila, P., Honolulu, USA and Canada,

9.30 B.m.-(reg): 20 a.m.`ford). Shanghai, Nanking. Hankow, Telogiad, Peiping, Amoy, Swalow, and Tainan, 3.30 p.m. Bangkok, Rangoon, Calcutta, Karachi, Dahrein, Calro (Nairobi, Johannesburg, and Marselles via Cairo). Augusts and Thi London, (Kowloon, CPO) 430 (GPO) 8p.maN

Japan (Ordinary

Bp.

felters, and cards only)

Closing Times By Sea & Train

· Macro"and Tainahan (Sex) 8 xam.

Bengkok (Men) 10 min.

MS

Tonolitu (88) 10 am. Macoo and Tsinahan (Hea) 2 pr. Canton (2nd class mall only) · (Train)

Swelow and Amoy. (Ben) [3]pm), Shanghai (Sés) 3 pin.

Marcao and Telnahin (Hea)_4 p.m. Kongmoon (via. Canton) (Trafn) 5 pm. Canton, Parcels & 2nd class mal) (in)

| TRIBATIKI LÝ HERECTOS POR

ho sticks out his handit...

MARKET

September. Ein cents per lb.) March (1049)

'.

May

July

September

Cuba

4.25 traded

3,75 nominat

3.75 15

9.75 433

621 traded

5.14 nominal

4.51 traded

4.03 nominal

4.34

4.95

823

United Preps.

26-The following New York, July prices were quoted in the metal here Antimony American, 0015 percent)

jols, Y.O.D. Tin, Grade "AN (99.0 percent

higher) INS Tungsten, powdered (09-95 percent) 2.00 Spot, Cl. New York ****

ого containing Wolframite (Chinese

Snot, F.O.B. CONTRACT No. 5 (Domestic) September in December Etxas Marc!s. (1049) May

bulk of carload US$0.35.

DT July 1.03

September

Tungsten Trioxide) duty paid F.03. New York, per sort to

020/20 AB. New Copper (Electrolytic. Export,

York) per lb. ***** 31 cta, (UA)

Zine (Prime Western, New York) per

lb.

Manganess

(Electrolytic .000.

percent Manganese, delivered cast of Missis sippi River) per 10.52.00 cts Iron ore 14 percent Iron, delivered lower port Lake Superior) per long

ton

SCRAP MARKET

N.Y. RUBBER

FUTURES

Now York, July 10-lubbar futures today closed six polate higher on sales totalling 3 contractu

Prices closed as follows:

July (in cents per lb.); Aust

New York, July 20-Prices quoted fo- September day were as follows:

Copper F0.3. parton

heavy.saft) ****

October November

January (1040)

(light) ....... US$18.00/10.15 December Lead -7.0.3. per ton

13.50/16.00 February

36.50 -Unlied Press. May

Steel, FO.D. per ton (No.

X heavy molting) an

Exchange

Rates

March April

June

July

August

→ | Bepilamber_

„Business was done in the loca) unE" | oficial exchange market this morning in the following rates:

£!)

Chinese dellars (per CNát m.) Sterling note" (por UB. dollare" (per US$1) Gold 'bare (per tasl) Plastron (per": 100);

Blam ficam (per, 109) (4 NEI guilders (per 100)

27.80 bid

23.60 morninal 31.80 bid 23.80 nominal 33.30 nominal 22.30.bd

23.77 nominat 23.75 bid 23.72 nominal

21.70

Dylbed ·Press:-

LONDON MARKET

Landam, July 20-ftubber futures today

is closed' as follarpet Prese

11.20 Heptember (in pennies per. "Th, ".16-9/16

10,40 || November

218.04X9comber*

11.30 January (1040)))

28.50 Maroti

SU. 16+1/