1955-01-06 — Page 9

THE

Women Officer Cadets Of The Indian Forces.

Women Officer Cadets of the Junior Wing of the Girls' Division of the National Cadet Corps of the Indian Forces are given instruolion at Delhi Cantonment. This wing is being raised under N.GE.% expansion programme and the officers in this picture have just completed

Recruited

from their pre-commission training after a two months course in camp. schools, they return to take charge of Junior Wing Volts in their representative institution

Express Photo.

various

Persian Tribes Asked To Give Up Arms

Illicit arms held by nomadic tribesmen living in the Fars highlands of southern Persia must be surrendered to the Army this winter by Government decree.

Army aircraft in November scattered pamphlets urging peaceful co-operation over the plains where the tribes, in their hide and goathair tents are now wintering.

Tribal leaders have gone to Shiraz, the capital of Fars which is the centre of southern tribal territory, to promise full compliance. Dlaarming of the friles is the ment more often than the Burhle, Kazercón

step by the Prime Minister.invader

Jant

Genern! Fazlallah Zabedi. in Parliamentary crilies in fulltiment of his platge to Teherun have frequently re-

re-establish law and security

throughout Persia's vast desert-movinec. Jack.

and Bandar Amir nnd besieged Shiraz.

this $ ifTent

show by

CHINA MAIL. THURSDAY, JANUARY 6, 1055..

TRADE and COMMERCE SECTION

NEW YORK MARKET HIT

Heavy Profit-Taking

In Last Hour

1

Through Margin Rise

By Elmer Walzer

New York, Jan. 6.

Profit-taking hit the stock market a smashing blow in the last hour of trading today just about the time every one, had decided a 20 per cent margin hike had been taken in a stride.

+

ran farther Prices crumpled in their widest decline and tickers behind than in any session since the ones immediately following the out- break of the Korean War in mid-1950.

Net losses in some of the volatile issues ranged to more than $10 a share. Steols were driven down sharply. All sections joined the decline.

The Immediate cause of the land utllites 0 80, their sharp- selling-the

the est deeling since June 8, 1953, excuse-was

Activities was the Federal Reserve System edlet

heaviest

World Cotton raising margins from 60 per cent since June 27, 1050, piling up a

Markets

New York, Jan. 3. Cotton futures held stendy today after a highly Irregulir session.

Trading moderately active,

wns

to 60 per cent. First reaction 4,840,000-share tolol with 1,180.-

to that rise was a modest decline000 shares of this tailled in the on ticker lateness followed by nut half hour.

a substantial rully from the

lows.

Anglo-Japanese HONGKONG

Payments

Tokyo, Jan, 5. Rollablo Japanese Foreign nald to- Ministry ource

day that the Japanese Government planned 10 **und out the Britlala

Government about an ex- tension of the Anglo- Innanere Gruetal Pay-

meals Agreement. The agreement

expired

but

Its

Inst December 31 haus been extended March 31 of this year.

Tho

Japan source said would ask Brital to ex- tend the agreement for a further three months in “unofficial tolka“ with the British Embassy here in the ncar future.--China Mail Special.

Chicago Grain Prices

Chicago, Jan, a. Closing Prices

Prices per burhel in cents; Wheat, No. 2, red

MARKET LATE The market

ron la s

KOT

Spot

#23 GMT,

Mar, 23224

May

Juls

At a p.m. the general average | Uruously from showed a decline of a little more lagging as much as 18 minutes that one half of one per cent i behind Hoor transactions with Sept

and at that time sales were the overflow keeping tickers Corn, No. 2 yellow down 350,000 shares from running at top speed 18 mines | Spot yesterday's total which would past the eloxing gong.

STOCK EXCHANGE

(From Our Correspondent)

Business dont on the Hong- kong Stock Exchange this morn- tug amounted to $1,880,441.80. Non quotations and the morn- ing's Transactions: SHARES DUTERS' BELLERO SALES BANKS

1963 000

HK Bank Wont Ama

INSURANCES

Util

Lambird

210 100 210

903 D121

40

Underwriters 01. SHIPPING

Axin Nav,

DOCKS, ETC. K. Wher! Duck.... Provident

Wheelch

LAND, ETC. I Hote

KK Lind

Hampados s

#ty UTILITIES

Tristy

Stor Terry

1420

f

2000 240

20,00

3 700 1234

10 10.00 100 g 10

1000 or 18,00

300 13

7.35 1.40 3000 or 7.41 2000 1.40

10 10.00 100 7 10.30

4000 g 1,00

73

200 71%

1200 a 71

701

23.20 23.40 B00 20.30 300 g 29.30 2.121 2.10 5000 de 2.1712

231 22.00 100

. 100 G

500 g 22.00

165

You Fergy 17

172 1109 6

C. Light (0) 18,80 10,90 Ø700 V) 18,00 2202.0

C Light (N) 18,70 18,60 100 62 18,70

4030 of 30

413% 42% Alco a mi

234140

VARAA

23122

227-2267 213-

21A

500 13.80

$700 $3,70

1501

200 10.

Mar

130

mean a loss of about 250,000 in commissions for the brokers on the day.

2301

10.70

10

The decline brought out 1,290 MRy

broadest market

Sept. history, with 083 I Thrße Ryn vincing lower

149 and only hold managing

Steel shares, ipside pace- setters, were hard hit by the

100%-%

100

10,80

July

1504

Electric

40 4102

39.

10044

Macho Elec. 122

Telephone · 394

30 1000 9 39.70

Mar. the May

1213

124-

INDUSTRIALS

Dais

Cemeal

Mur.

711-

May

70-75

Rope...

Soybeans, No 3, yellow Spot

STORES, ETC.

2070

Jan.

Mar

254-20 381-2015, 2001-34 27714-16 25624-250

24744

130-192

$14.600

-United Prosn.

REAL SELLING

Around 2.30 p.m. The real

Those selling set in. fat prots hastened to take them.

who had

The market softened near the close on liquidation which found trade dentant united. The list ruled

4 points lower.

11 opened to 6 points lower. New

futurce Orlan Anished 3 to 4 lower.

Prices dropped as much as 85 cents a balc In carly dealings

realising, with closing losses on hedge selling and liquida- The break in industrials ot

ranging to 4% points each In seiling of new erop 8.13 was the widest since June Bethlehem and Republic, more tion. The months by New Orleans 20, 1950, the sesalon following than In U.S. Steel and teresta was influenced by the outbreak of ghling in Korea Youngstown Sheet, more than 2 Sepl

cracked $10.44 propoents of some southern Con-when prices

points in Jones & Laughlin. the 1D55 It carried the gressmen to increas

overage back

General through the 400-mark, acreage allotment,

plerced for the first time in history just ainer Monday in anticipation a stock split; a 4% point loser one week ago, to 397.24.

3.24, their yesterday when its plan to sl Rolls cracked

dis- worst loss since June 8, 1954 common stock to holders

appointed Wall Street and Jurned the market to the down- side, slumped another 3%

covering was

in-

The market quietened down near the close us hedge offerings tapered off, and liquidation had run its course.

However, the market recover ed as much as 70 cents a bale later in the day on trade buying and short covering. Some of the of

by

recent the Delitzs who considered the set- In a stand against force ferred to "lawlessness" in Far Soviet Union.

the Government back sufficient for the time New papers hive dnally brought about the down-being. acribed the tribal khana a#

fall of the short-lived Aberbal- "Katrups who dodge taxes, de- clore war, make peace, govern Jan Communist Republle. (like independent sovereigns and

In the 1930's the late Reza Shah scoff at the central government

sent his newly-formed armies in Teheran.

into Furs to subdue the tribes so-calle

Unruly tribal leadura were imprisoned And temporary exile while the tribes

forcibly settled The their followers disarmed. being JETC authorities belleve that

their un farmland

tho when *****task will be ensier

khans (overlords) are out of the way.

Tribal disarming UN 14) completed before spring,

when the nomads migrate to summer quarters in the uplands of Fars. No feletien is expected to develop between the tribes and the local Army units entrusted satraps have been ordered into and rettle them.

with the task. But the Govera drafted eight exte ment

Fis bett: liens inin the Fat region, 400 mles south of Teheran, to Pupport locul garrisons,

Throughoul Fars province. some 250,000 nomads roam #t will across a desolate tract <% which in mountainous country

They

size equals the combined ares of Holland and Belgium. belong

Now, two of these

Despite these measures, echoes bloodshed of tribal raids and used to filter up to Teheran, which in a lant of poor coin- munications scened remote. though only 400 miles away.

Armed gendarmerie did their (lkhani best to maintain order on Both Nasser Khan tribes

the south. Qashqais. Bassuri. Boir Amadi,or chief khan) and his young-Shah's highways in Arab

Massan)--althoughest brother, Khosrow Khan, who Bur travelling Britons

are experience in the thirties, smaller rule over 150,000 Qashqai there arc

routine stopped the ways nomadle glans bearing different leaving Iran shortly

at each village police United States. They own a villa matter near Los Angeles.

station to enquire "What is the state of the road today?"

names.

to

and

ve

tran

scores

Armed horsemen among the nomads for the most part gaunt. black-eyed men of Turkish des- cent, carry riflen as other ine

A rifle wear hats. meat and self-protection.

for

The Qashqnis are the largest Tribe

Rnd. in recent 321 Furs

history, the most troublesome to represents the Teheran nuthorities.

For

the men of the highlands prey They hid German agents on gazelle and, at times, on both World Wars.

each other. They belong to a different, more heroic age which

century,

war, In the 1914-1018

05

A

Trading volumes and open interests in the Exchange today Volume Open laterent

were;

Month

MAT

MAY

July

$2,300 $43,200 39,000 1,140,400 25200 600,000

Ocl

17,300 100,700

Dee

1.800

Mar.

2,000

101,700

47,3

Muy

10:00

Total

NEW YORK

143.200 1,963,100 bales

Prices of futures closed today as follows

NEW ORLEANS

World Rubber.

Markets

Singapore. Jan. 5. The rubber market opened lower on overseas advices and stendied slightly on some trade Became irregular and support.

during af ci

stradness como

the

market carly afternoon card towards the close

on fair

selling and Hquidation of spreu- lative holding.

Future closings were:

No. 2 rubber per ib. Jan. 0314-0314

No. 1 pale crepe

Blanket crepo

May July

Not. Barley,

New York

Motors, 7-point spot

114

#

In the cils Ainerada, off 10% points to $214 at its low, finished down 5 points. Jersey Slan- dard lost more than 2 points.

Rail losses ranged to 44 points in Rock Island,

Big news in the rails, how-

was New York Central. It ever, managed a gain of point to $334 In the day's most active trading, with turnover totalling 80,900 sheres.

Another outstandig gainer was Western Union which held

14 point rise at SB' .

The New York Stock Ex- change bond volume was $0.- 444,000.

The American Stock change volume

Ex-

1,420,000

DOW-JONES AVERAGES

closing averages

Dow-Jones

200 lb, rock

1700 42

1

Dairy X Bla, 24.00 24.70 200 @ 24.70

Rin

Westwor

2200 24.00 In 200 10

375 16

17.00-17.00–800 @ 17.00

IN) 10.70 18,00 Crawford 20.30 27.20

COTTONS

Textues.....

$1,700.00 1000 2 6.80

MISCELLANEOUS

Yangze Auted

2000 6.75 1000 2 8.30

€ 0.10 2000 a 0.03

..... 4.2215 4.40

Sterling Area's Reserves

Position Secure

From Our Own Correspondent

London, Jan. 5. The sterling area's gold and dollar reserves gained 244 million dollars in 1954 and at the close of the year the figure stood at 2,762 million dollars. This figure takes account of the December loss of 163 million dollars and due to the payment of 189 Comm. future price Index 10.7 million dollars on the, American and Canadian war

No. 1 rubber

1b. ther

Spol

34.95n

January

1933%-94

Mar

34.54

February

0318-04

the

May

34.03

March

July

34.97

unquoted

shares.

Dot

34.03

of any

Dre

14.09

Ma. a rubber per 1b, Jan.

Mar

3406

No. 4 rubber per lb. Jan.

Mar

34.10

Spot rubber unbaled

were:---

4712-9912

30 Industrinta

20 Tall

Prices of futures, dosed today

10 titles

65 stocks

ms follows:

Mar

Spot

34.09

34 02

May

34.83

July

34.00

Oct.

34.08

Dec.

34.00

Mar. May

39,14

United Press.

Frequently this did not, save them from holtt-ups,

Tribesmen on horreback often thundered down on to the road In where It

It wound between hills, and plundered travellers. They rarely

mnitreated them, plthough

the

LIVERPOOL Cotton closings, American the car did not stop im middling. 15/16 inch, were as

u shot through

the follows:

WIS more

than

his little in common with the 20th Qashqais and a mail offshoot

mediately called the Tangistani were pro- windscreen voked into revolt by German

ikely. agents. They even won over a number of the traditionally pro- British Bakhtiari tribes further to the north. The oil pipelines to Abadan was

cut several times, Led

German named by

Normally, of them all,

Wassmuss,

often described "dishonourable to die of old age," Women of the "Lawrence of Persin", they happened was the total 1958

the Persian lurrage.

Men of the Boir Amadi tribe. the most warlike boast that it is

"You

Gulf

and

A

Mar/Apr.

May/kine

July/Aug.

Oct/Nov.

Dec/Jon

NEW YORK

Futures today closed 70 to 100 points lower with sales of 100 contracts,

The futures market dropped sharply again on lower London and Singapore cables. Most of the selling was, attributed to profil-toicing.

40 bonds

142.50 62.03 -747.02 101.07

Untied PreRK.

(See Comment P. 8)

Singapore

Spot No. 1 Rss was quoted Stock Market

nominally at 31% cents. Future 32.36 closings:

32.29

21 Mar.

5200 || May

32.30 July

Official valuta for spot cotions Sept. Include:

sometimes even the tribe whisper in the ears of attacked Bushirt, on bott, Laura- clothes being worn, and a long, malo suckling children

Ing south they took Shiraz, im- dusty, hot walk to the nearest prisoning the British Consul and police post, while the tribesmen

Mar. the other Britons, British forces made of with everything trans-

from portable about the car.

were born to fight."

diverted be

May

July

Oct.

31,90

30.67 30.30

Singapore, Jan, 0.

following stack prices;

Brokers today quoted the

Jan. 0 Jnri. $

Closing Opening British Borned Petroleum

Byndicate

33/3 B. 33/3 Consolidated Tin Smelters,

27/04 Ordinary istuc 27/0 Fraser and Neave Lid.

Ordinary issue. $1.97 $1.07 Fraser and Neave Ltd.

715% out. pret $0.50 $0.00 Hongkong Bhanghai Bank

Corporation (Colantal Register) $1,000 Malaya

Breweries$430.

Ronies Hotel (2.72

and post-war loans.

The year's gain compares with one of 672 mil- lion dollars in 1953. But the deterioration is not as serious as it seems at first sight. For last year's receipts of American defence aid at 152 million dollars were only half the amount received in 1953. Moreover, in the second half of 1954 the sterling area repaid dollar debts amounting to 112 million dollars.

Comparison of the average deterioration of the reserve post- monthly “residual" balance"-ation between the two halves of figure which reflects' the sterling |. 1954. But there is su}, some arsa's dollar earnings with North | consolation in the fast that the America and West Europe sterling

has managed, shows up more favourably, In despite these adverse factors, to

Wa3

ares

1953 It was 30 million dollars; | Splance itsnecount with the Jast year 14

35 million dollar area in the past tow $1,045 dollars.

months,

Det. American middling 20/18th inch 32.77 Mar. American B.L. mdding 7/8th

the worst that

Inch

Mcx!con middling 1-1/32nd

of

2007

34.40

LONDON

of

Others wYDE

Jan.

SAO PAULO Futures closings, in cruzeiros per kilo were as follows:

ungierted 31.03 33,75

33.03 3.30

The market was weak. No. 11 Res spot was quoted at 20% pence per lb. Prices:

Settlement house term:

Teb.

283 28

Star

21-7

24.00 $2.72

Apr/June

2014-27

| Singapore: Cold

July/Sapt.

26-2014

Storage

$1.85

$1.05

• Det/Doc.

251-25

South British

deneral markets, cit bans, ports:

Insurance

62025 21.826.25

211-27

Tob

27-27%

Stralls Trading $24.70

Mar

2071-47

Steamship $17,20

United Engineers, Ordinary

Pisate crepa

Issua

$14,00

$13.10

thisk

Wearne Brothers

$2.07

Hongkongatin

*0/3*

Petaling Tin

3.17

$3.45

this:

-China Mail Special,

Prices

London Foreign

Tribal weapons-always rifle, since the sword or, dagger and to

Dlearming the tribes in Fars were discarded at least 50 years Mesopotamia to meet the threat ngo-may be ancient bnd

will not be a simple task. They in southern Persia, scarred, But nomads on horse-

Again in World War II Nazi can easily surrender some old- fashioned rifles and oil, and back practise shooting from the

their bury

Brearms. modern saddle backwards at full gallon agents parachuted into

Arms smuggling still goes on

Fars.

tall

Their aim was plies flowing

to hinder sup across Persia

to

Russia,

at a melon perched on a pale. It is disgraceful to miss.

Only the younger and betier- off tribesmen, near: relatives of the khans, or clan leaders, can afford to become armed horse- men. The majority of the tribes move on foot tending cattle and flocks of sheep and goats.

province

stamped

minds from

"deadly

Shiraz

*

Dec.

In the United States, the average price of 15/16 middling cotton at 10 designated spot markets was 31.07 cents. Sales

in the Persian Gulf and arma at these centres totalled 42,302 given up now can be replaced bales United Preas.

the

watch is kept on coastal ship New York Sugar

ping by the customs authorities. arms must be retained

Somo

by the nomads for hunting and

Market

11

In 1943, during a quarrel over melf-protection. If one tribe were

New York, Jan. '5. But the horsemen, toughened land rights, the Qashqais rose completely disarmed, they would

World No. 4 sugar futures and butchered 200 soldiers by nomadic existence,

at be a sitting target for' neigh= shol, and with the map of the Semirun, a hill fort between houring tribes who had not given today closed uncharged with no

sales reported, their on

up their weapons, and Isfahan.

were Domestic prices. Long familiarity Bettish

Intelligence unita

complete disarma- changed to one point higher Probably formidabis highland smashed the German Birth

will not bo ment:

achloved With 245 contracts in sales." represehere are probably 30

30.- columa, inside Persia In 1943,

witheist

Futuro clorings: DOD or them among the, 250,000 but hot unul 1944 dl the softin sekiling the, tribes-and

involves complicated **Contract No. 4 (world)", tribal tolk of Furs.

Qashqals deliver up Commah agent

thes that health, educational and labour | Mirm invader would still have

problems.

July"! with armed horsemen

change from im

· Even after the war, the tribes An abrupt cope,

Septembe among the tribes long after re- robelled. They condemned the theorist *. feudal and tribal spot (cente per ib. sistance had been quelled in Gotement's "vealasees in bustoms to the colourley, cramp, the towns.

sortman permitting the northern province ed existence of a demografie argument put forward by tribal of A201boljan to Hevelop into citizen in the 20th centu loaders themedivas, desinit bo- Soviet tirie Republie in 1945, world could cause misery and Ang darknuck

Brit Awabatjantis to be hide-and in trained for mar however, the pendent, we want the same proud men of a different REC triban have fought, the Goveen-shall, they, saddaland Sorotan, China All Specia TRD

td

AMSTERDAM

The market was easy. closed in guilders per fullogram,

CIF, Jan, as follows:

ו.

No. 1 rubber

2.30 nom. ¡2.09 nom. 2.67 nom. 2.00 namn. -Unit Press.

Exchange

New York Montreal Brussels Copenhagen Paris

139,4

No. 3 rubber

No. 3 rubber

No. 1 crepe

New York Foreign

Work Marks

Exchange

Othate wares. Urichuzie, 201

Stockholm

| Zürich,

Some anxiety is folt In Len- dan, however, about the more Ai- recent trend of reserver though the cutflow in any one $24.83

month has not bean lorgy the $17.200 fact remains that the figures have not been really encourag-

July.

"In the present clrcumstances with convertiblilly shelved as an Immediate policy,"

says the

Financial Times, "such o balance la just zuffelent. Yet it can'

considered so if it proves only

to have been only a temporary Severoi mg since inst

dalay, in the process of rebuild reasons have been adduced for ing our revaves. The reactive

The chief of them, saya |of 2,762 million

dollars in xtil

the Financial Timbs, has no too low and the need to increase

| doubt been pressure on sterling.

remains"

months bad medo · tho resurver: Unans. The recovery in ... thô......

LOOKING AHEAD SMALL MOVEMENT Looking ahoed the Financial "Just as the inflow of tem-Timer finds zone: ground for porary funds in the earlier optimism..

kayany allow new expansion in sterling position look better than it w9s,”

#go their with exports, to take place and that 10ys, pure it look werre, will remove one of the dévérze factors in the present situation.

drawal his

of this movemanta

and thin is so far The; dock strike

vory mell, movement

bound to occur. So long as British trado. The Carly

to bo A

they don's develop. Into anything of the year. Inny poen, corlain sprunter. / they

The rest of the storting

change Rates regarded as anything worss

than

need not be r. the prelifoo

The ordinary part of the banking drón te taking medsutrus to rostora,

He position. All thra, ponibili.

The Al Habon to North Log ce improvemone can be seen, America "due to the mochowatti | but they will folĎ robession in tha-trated) [and dollar. Tigtives

busin

the hold

---