The Business Times, 11 October 1976
1976-10-11
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The Business Times
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Title Section10 1976-10-11 1 BUSINESS TIMES M.C.(P) 1455/76 MONDAY, OCTOBER 11, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article96 1976-10-11 1 Reuter LONDON, Sun. Government officials conceded here today that prospects had dimmed for convening a Rhodesia conference In Geneva In two weeks' time after black nationalist leaders Joshua Nkomo and Robert Mugabe Jolted the British Government yesterday with demands that Rhodeslan Premier lan Smith's delegation toReuter - 96 words
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Article75 1976-10-11 1 Reuter UNITED NATIONS, Sun. China, which withheld Its vote when Dr. Kurt Waldheim was nominated for the post of UN secretary-general by the Security Council In 1971, has signalled its willingness to see him appointed for a second term, informed sources said today. The Council IsReuter - 75 words
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Article63 1976-10-11 1 Reuter TOKYO, Sun. Workmen were today pumping water out of the 2,206-tonne Panamanian freighter Hypyungace which was flooded In a collision with a Llberlan freighter in Western Japan last night, the coastguard said. The collision between the Panamanian freighter carrying 22 South Korean crewmen aboard and the 12,067-tonneReuter - 63 words
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Article72 1976-10-11 1 Reuter LONDON, Sun British and Japanese Industrialists will try to find ways of correcting the bilateral trade Imbalance at a two-day conference here next week, the confederation of British Industry (CBI) announced today. The conference between the CBI and Its Japanese counterpart, Keldanren, on Oct 18-19 comesReuter - 72 words
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Article58 1976-10-11 1 Reuter MANILA, Sun. Thousands of demonstrators led by militant Roman Catholic priests and nuns clashed with baton-wielding police today over martial law In the Philippines. The demonstrators, shouting "down with martial law" and "Marcos, Hitler, dictator, puppet," tried to smash through a police cordon In an apparentReuter - 58 words
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Article63 1976-10-11 1 Reuter TOKYO, Sun. Popular support for the Government of Prime Minister Mr. Takeo Mlkl has jumped to 35 per cent from 26 pre cent In the past seven months during which Mr. Mlkl has been under Intense pressure from within the ruling Liberal Democratic Party (LDP)Reuter - 63 words
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Article53 1976-10-11 1 PENANG, Sun. Sri Lanka today reiterated Its support for Asean's proposal for a zone of peace and neutrality In South east Asia. The Sri Lanka Finance Minister, Felix Bandaranalke who Is In Malaysia on a visit, said his country had always suported Malaysia and the Asean53 words
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Article55 1976-10-11 1 Reuter BEIRUT, Sun Palestinian and Lebanese negotiators representing President Ellas Sarkls presented a Joint peace plan to Syria at their talks In the town of Shtovra, Palestinian sources here said today. The plan provides for a ceasefire and a timed withdrawal of remaining Palestinian forces from theReuter - 55 words
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Article48 1976-10-11 1 Reuter WELLINGTON, Sun Finance Minister Hon Sul Sen arrived here today for an eight-day visit. He said he would be happy to see a bigger twoway trade contribution between the Republic and New Zealand. He emphasised the place New Zealand expertise could have In Singapore.Reuter - 48 words
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Article103 1976-10-11 1 'THE following list of stocks gives the ten most dealt A in last week. It gives the turnover in thousands of onits closing prices on Friday snd high snd low for 1976. Company Turnover Prices High Low '000 Oct. 8 IS7C Central Sugars 1.000 $1.15 $1.37 $0.39103 words
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LOCAL STOCK INDICES
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Article68 1976-10-11 1 Oct. 4 Oct. 6 Oct. 6 Oct. 7 Ont.8 ft B.T. Index: 316.47 367.62 363.39 361.66 366.31 Industrial*: 267.12 366.73 364.84 363.63 n Pinnae*: 464.60 466.74 463.16 461.16 466.29 Hotab: 166.07 164.62 163.86 162.M 162.83 Properties: 166.64 166.83 166.36 148.23 147.37 Tins: 96.89 96.89 96.89 96.63 96.61 Sniktan: 334.2768 words
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Article77 1976-10-11 1 1 Oct. 4 Oct. 5 ■toatrfel*: 283.M 283.70 Oct.* Ml 14 Oct. 7 Oct.* 281.*1 379.7* I liuct: M.N 393.M MI.M E iotala: 17*.*3 170.U 170.13 I79.C3 170.03 riuuwuw: ik.ii in.w imm.im iw.n t Tlaa: M.M H.U M.M MJ1 M.7* t f rubber*: 290.41 3M.S4 flf.U 3M.33 SiSi ft77 words
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1156 1976-10-11 1 BONDS, UNDERWRITING MAY WORRY BANKS WHILE the largest holder of government stocks, the Central Provident Fund Is still dithering about It, another government body looks all set to pip It to become a major force In activating the Singapore bond market. This Johnny-come-lately1,156 words
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Article176 1976-10-11 1 IN Its quest for a better and more comprehensive way of measuring the day-to-day price movements In the local share market, the Stock Exchange of Singapore has formulated a new composite index which it hopes to introduce shortly. Unlike its predecessors, the new market indicator will176 words
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Article542 1976-10-11 1 ANOTHER competitive bid situation appears to be brewing this time around Mechanical and Combustion Engineering Ltd (Mecomb). Ever since Business Times' story on the amount of possible takeover interest which is growing around Mecomb, last Tuesday, the company has been flooded with Interested callers, who542 words
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Article143 1976-10-11 1 BANGKOK, Sun More than one million copies of communist books ana documents have been seized by police and troqps In raids on Bangkok's universities and bookshops, officials said here today. The books and publications were later burnt at the police special branch headquarters. Similar raids were143 words
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Article310 1976-10-11 1 THE Singapore Government Is now working on a Bill to update the Professional Engineers Act which will give automatic recognition to holders of engineering degree or diploma from the local Institutions of engineering studies. This Information was contained In a speech from the Minister for310 words
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Article186 1976-10-11 1 JAKARTA, Sun. Australia i* now moot likrty to buy Indoneeinn oil. Thi* «u wmM Imh last night by Indonesian Sute Minister far Economy, Finance and Induetry Mr. Widjeje Niti*a*tro, after hi* talks with tho visiting Australian Prime Mlnletor, Mr. Malcolm Fraser on stepping up itwwir186 words
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Article, Illustration224 1976-10-11 1 THE Fiji government intends to seek some sort of governmental arrangement with Singapore to obtain cheaper fuel for Fiji. This was revealed by Fiji's Finance Minister, Mr. Charles Stinson (above), at a press conference at the Paya Lebar Airport yesterday. The recent escalation of224 words
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Article, Illustration326 1976-10-11 1 PEKING, Sun, All Indications are that Premier Hua Kuo-feng has been appointed Chairman of the Chinese Communist Party. A senior Chinese official said here today that the official announcement of Mr. Hua's appointment will be made in the near future. In Tokyo, according326 words
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Article201 1976-10-11 1 KUALA LUMPUR, Sun. Factories belonging to the Malaysian Rubber Development Corporation (MARDEC) will have to firepare monthly profit and oss account from next month, which coincides with its new financial year. This Is one of MARDEC's measures to tighten up control over its factories to201 words
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Page 1 Advertisements
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Advertisement47 1976-10-11 1 ®Wjyfoong A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited ll fflOSl Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7. Leisure/TV ft Radio Leisure Feature* Features Local/International Pg 2 Co. News Pg J Overseas Markets Pg 4 Commodities Pg S Sports47 words
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Advertisement67 1976-10-11 1 V i Your business or professional practice may be just right for expansion. Your local or foreign trading all set for more profits. Solid investment opportunities are knocking on your door. You need the services of a solid, reliable bank. Smile, OCBC can help you. Come in and let's talk67 words
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Advertisement171 1976-10-11 1 American Express Bank We work hard to make your money work for you American Express International Banking Corporation srung K*an House 4 Shenton Way Singapore 1 Tel 220 2311 Tele» RS ***** Cab»e AMEXBANK Only 2.5 mm thick. And automatic. GOLDEN SHADOW IS ct w*«c goW Re' *****8/0411 With a171 words
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Article666 1976-10-11 2 PERSISTENT high rates ol inflation and unemployment in the Industrialised nations con-, tlnue to make the future of the world economic order uncertain. Indeed, there are signs in some European countries that their economic troubles are deepening rather than Improving. If this should prove to be the case666 words
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REVIEWS
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904 1976-10-11 2 MUSIC HALF a head only is needed to take in most pop songs. With some tunes, you don't want a head at all, Just plenty of a-Jlvlng feet. Naturally, there is Just my word for it that I mean no904 words
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623 1976-10-11 2 Financial Times Accounting Values and Inflation by W.T. Baxter, McGrawHill. Price £5.96 FEW SUBJECTS have received such public airing in the past few years as the problem of inflation accounting. Indeed the whole area has' become so complicated that probably only the dedicated few now*Financial Times - 623 words
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669 1976-10-11 2 BOOKS IU VN roi l: BKOY \KI) NYT Frleais Aid Levers. By Retort Braia. Put*- Books UBSIS.M. IN OUR society, says Robert Brain, friendship is the poor relation of romantic love, a consolation prise for the lonely. Romantic love Is regarded asNYT - 669 words
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1045 1976-10-11 2 JAY PALMER - By JAY PALMER Financial Times THE U.S. STEEL Industry appears once again to be running Into the doldrums after having shown a strong recovery In the spring. Reduced demand from some quarters has caused production to fall In recent weeks from theFinancial Times - 1,045 words
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Page 2 Advertisements
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Advertisement236 1976-10-11 2 Different [>eople like different x r I k'-W. Li' i* k L 4 ft heuga Shag--9 range of 9 col Heuga blue Heuga green Heuga grey. It's not surprising. Their revo- tiles are also luxurious they i. x i!i ff lutionary carpet tiles offer such a wide range of beautiful236 words
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Advertisement32 1976-10-11 2 IF YOU NEED A TOW YOU NEED A TUO Middle East Tows Our Speciality Ocean Going Tug 2,500 H.P. Available October 20th. For Details, Why Not Ask Copt. Bob Moor*. Ttlophoitc: *****332 words
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Page 2 Miscellaneous
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Miscellaneous244 1976-10-11 2 SINGAPORE 5 3.00 P.M. Opening Announcements followed by Kudumba Malar (Tamil) (r) 330 Diary of Events (Tamil) 335 General Hospital 4.15 A Place To Live "Wing Of Many Coldtitt" 430 Intermission 6.10 Opening Annoucements followed by Cool McCool 630 dews in Brief 635 Have Gun Will Travel "Ambush" Waterworld News244 words
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REVIEWS
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239 1976-10-11 3 BOOKS Tlm Naked Investor by Robert Heller. Weidenfeld ft Nicolas*. £5.25. GREEDY AND gullible, the investor can seem an unattractive individual. Emotionally committed to his shares, all too often he loses objectivity: his triumphs are endlessly recounted but his more numerous failures are239 words
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493 1976-10-11 3 BARRY RILEY - By BARRY RILEY Financial Times dex. Unfortunately, the indices themselves have lagged disastrously behind Inflation on both sides of the Atlantic. Mr. Heller's magazine Management Today, with its growth league tables and glamorised managers Joined in the chase after theFinancial Times - 493 words
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Article, Illustration1338 1976-10-11 3 DELFIN GARCIA - By DELFIN GARCIA Mr. Garcia is Ambassador •f the Philippines U Singapore and Man of the Diplomatic and Consular Corps. MONDAY: A brief message was at my desk upon reaching the office. Just a short note hastily scrawled on the Embassy memo pad, but a message that1,338 words
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735 1976-10-11 3 LAWRENCE TAN - By LAWRENCE TAN ONCE apaa a time, that* «m kk flak. It wu mb* aMve lathe tiaieet chaage ia the Mt'i rythau a alia away. Aad It iwaOml the Ia the ftaal aaalyais, what IS m attaallai abeat "Jaws"? b735 words
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Page 3 Advertisements
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Advertisement147 1976-10-11 3 BCS9O BCS9O CONTROL UNIT HER TERMINAL, BCS9O Z" y I U&" y *22 ATION/JOURNAL PRINTER > BCS9O PASSBOOK/JOURNAL PRINTS BCS9O ADMINISTRATIVE the total system for bonking BUNKER RAMO ADMINISTRATIVE TtRMIN BCS9O Dataprep's System combines the power of DATA GENERALS Eclipse Computer and BUNKER RAMOS Savings and Commercial Banking Terminals. CRT147 words
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Article, Illustration1100 1976-10-11 4 MARTIN DICKSON - By MARTIN DICKSON Reuter THE spectre of martial law is haunting Turkish politics against a background of a government crackdown on leftwlng militants, a sudden wave of industrial unrest and continuing student violence. The government appears to be firmly in control and onReuter - 1,100 words
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784 1976-10-11 4 Financial Times WILL THE representative of a giant W«tel multinational company who turns op in Moscow looking for business gat the cold shoulder, or will bo he welcomed in? Judging by tbe cruder farm of Soviet propaganda. he should he kicked out us anFinancial Times - 784 words
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Page 4 Advertisements
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Advertisement695 1976-10-11 4 Confront Singapore's decision makers in Business limes For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who695 words
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Article, Illustration1714 1976-10-11 5 DAVID BELL - FOLLOWING THE EARL BUTZ RESIGNATION By DAVID BELL Financial Times AFTER a long, hot summer of riots eight years ago many people wondered whether American cities would ever again be free of violent black protest. Philadelphia, to take only one example, ordered yetFinancial Times - 1,714 words
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Article, Illustration1192 1976-10-11 5 FROM DAVID LAWDAY IN PARIS Reuter THE French Government's new antl-Inflation plan is more than Just another set of economic measures. It probably holds the key to France's political future. The plan drawn up by Prime Minister Raymond BarreReuter - 1,192 words
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617 1976-10-11 5 V. SIMPSON - By V. SIMPSON WHAT Premier Glullo Andreottl calls "the week that won't make anyody happy," an attempt to bring economic order to a country living desperately beyond Its means could demolish the myth of La Dolce Vita. A series of draconlan ecomlc and617 words
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Page 5 Advertisements
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Advertisement150 1976-10-11 5 lIA Jll I X m 1 j*. fe M •>* v» r Sintat combines good business sense with hospitality, diplomacy with economy. And, what are YOUR considerations when you consider using a car rental service? Service of course! Service is a word that needs a clear definition. At SINTAT, we150 words
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COMPANY NEWS
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Article501 1976-10-11 6 CHEMICAL Industries (Far East) has diversified into shipping and property investment in an effort to bolster Its future growth prospects, which appears to have dimmed in the past financial year. Under difficult trading conditions, pre-tax profit at $2.42 million for the year ended March 31,1976 represents a501 words
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Article98 1976-10-11 6 SUNOEI Kinta Tin Dredging will be removed from the Official List of the Stock Exchange of Singapore today. The SES says the delisting is at the company's request. At an EGM on Aug 24, shareholders decided to delist their shares from both the Singapore and Kuala98 words
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Company meetings
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Article21 1976-10-11 6 THE following meetings are due: TODAY, noon, Registered Office, 13.7 km Bukit Tlmah Roaa. Singapore 21.21 words
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19 1976-10-11 6 Oct 15, 12.30 p.m.. Regis- tered Office, 52 Jalan Burch, Jurong Town, Singapore 22.19 words
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Article20 1976-10-11 6 Oct 15, 11 a.m., Registered Office, 12th Floor, Fltzpatrlck's Building, 86 Jalan Raja Chilian, Kuala Lumpur.20 words
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Article15 1976-10-11 6 Oct 18, 9 a.m.. Registered Office, 48 Spottlswoode Park Road. Singapore.15 words
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Article10 1976-10-11 6 Fraser Neave, Ltd.: Oct 19, 11 a.m.. Raffles Hotel, Singapore.10 words
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Article15 1976-10-11 6 Oct 23, noon. Registered Office. Chartered Bank Chambers, Beach Street, Penang.15 words
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Article11 1976-10-11 6 Oct 28. noon, 45-47 Robinson Road. Singapore 1.11 words
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Article18 1976-10-11 6 Oct 29. 10.30 a.m., Registered Office, Wisma Mega, 2nd mile, Jalan Batu Tlga Lama. Kelang.18 words
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21 1976-10-11 6 Oct 30, noon, Registered Office. No. 22 (Upper Floor of No. 20), Jalan Oelanggong, Malacca.21 words
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Article327 1976-10-11 6 REPORTING a sharp fall of 84.1 per cent In pre-tax profit to M$86,060 for the first half-year ended June 30, 1976, the directors of Premium Holdings say "the worst months are now over." They then confidently predict that current year profitability will be comparable to327 words
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Article480 1976-10-11 6 Current Ex Date Total for Total far payment Data payable theyear previous year Hume(FE) 5% Sept 21 Oct. 11 9%a 7%a Aiut. Amal 40% Sept. 21 Oct. 12 50% 40% Prim* 10% b Sept. 27 Oct. 12 10% b 30%c Duniop Ind. 8% Sept. 8 Oct. 15 8%480 words
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287 1976-10-11 6 TRENGGANU Development and Management has had another very disappointing period in the six months ended June 30 but things are not quite as bad as the collapse in profits from $169,367 to $11,058 would indicate. Indeed the company is hoping that if the palm oil287 words
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Article121 1976-10-11 6 Reuter FRANKFURT, Sun. Hoechst said It is Introducing short time at its synthetic fibre plant at Bad Hesseld because of the present unfavourable market for filament fibres. A company spokesman said the measure will come Into force on Oct 14, reducing work hours at the plantReuter - 121 words
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Article297 1976-10-11 6 PRE-TAX profit of Bedford Plantation for the first six months ended June 30,1976, rose by a hefty 73.1 per cent to MS 11(5,000, thanks to a better average price obtained for Its rubber crop. Average price of rubber per kg was 152 cents, a 39.8 cents,297 words
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Article108 1976-10-11 6 BTIFFER competition coupled with Increased operating costs have accounted for a slimmer profit margin at George Town Dispensary for the first six months ended July 31, 1976. Consequently Interim pre-tax profit was MM,500 or 10.7 per cent, lower at $54,000. This decline was suffered despite a108 words
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INTERNATIONAL COMPANY NEWS
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Article190 1976-10-11 6 Reuter LONDON, Sun Consolidated pre-tax profits at Slme Darby London rose to £2.13 million for the year ended June 30, 1976 from £1.36 million last time. Tax accounted for £1.71 million against £892,700 leaving after-tax profits of £426,900 (£463,100) and profits attributable to shareholders of £46,900Reuter - 190 words
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Article326 1976-10-11 6 Reuter MELBOURNE, Sun. The North West Shelf Joint venture expects to begin first deliveries of liquefied natural gas (LNO) from its offshore Western Australian fields In early 1983, Woodside-Burmah Oil said In its report for the halfyear ended June 30. This Is baaed on theReuter - 326 words
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Article112 1976-10-11 6 Reuter LONDON, Sun. The Spanish utility Fuerz as Electricas de Cataluna (FECSA) is raising US$3O million through a six-year syndicated credit carrying a spread of 1-5/8 per cent over the London Interbank offered rate, a spokesman for Joint lead manager, Citicorp International, said. The amount of theReuter - 112 words
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Article234 1976-10-11 6 Reuter LUXEMBOURG, Sun. Acierles Reunles de Bur-bach-Elch-Deubelange has reported a loss of 1.04 billion francs In the first six months ended June 30,1976. The company said this was similar to last year's Interim results. ARBED posted a net 1975 loss of 3.01 billion francs. TheReuter - 234 words
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Article97 1976-10-11 6 Reuter MANILA, Sun. Iligan Coconut Industries Inc (ICII) will set up a coconut oil processing mill with a daily capacity of 300 tonnes of copra in Iligan, Southern Philippines, at a total cost of 67.8 million pesos, Informed sources said. ICII, a Joint venture of Jardlne,Reuter - 97 words
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294 1976-10-11 6 Reuter PARIS, Sun ThomsonBrandt has reported that pre-tax profits rose to 85.57 million francs in the first half-year ended June 30, 1976 from 70.17 million francs previously. Pre-tax profits of the other companies in the Thomson group were: Le Materiel Telephonlques 32.3 million francsReuter - 294 words
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Article953 1976-10-11 6 METIN MUNIR - THE KOC GROUP- By METIN MUNIR Financial Times ANKARA, Sun.-VehblKoc was in his early teens when his father gave him a present of a donkey at his circumcision ceremony, something equivalent to today's second hand car. The boy's Joy, however, was soon sullied. The donkey always laggedFinancial Times - 953 words
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Page 6 Advertisements
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Advertisement6 1976-10-11 6 found only in the best company...6 words
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Advertisement137 1976-10-11 6 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise: M. Gilbert Corporation Man: A.137 words
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INTERNATIONAL COMPANY NEWS
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Article1030 1976-10-11 7 NEW YORK: Stock! tumbled sharply on Friday In sluggish trading as an early extension of Thursday's technical rally failed to hold. Analysts said Investors continue to be concerned about a slowdown In economic recovery and its possible effects on corporate profits as well as Inflation and unemployment levels.1,030 words
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Article147 1976-10-11 7 BRUSSELS: The market was higher last Friday In very calm pre-weekend trading. Sofiaa, Sidro, Vieille MonUpt, Hoboken, FN and Wafoasliu rose while Tractioa and Asturieuae eased. UK, German and Dutch stocks fell slightly while US and French stocks were mostly up. Gold mines eased. US PetroAaa firmed but Patrofina147 words
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Article341 1976-10-11 7 PARIS: Share prices were slightly higher on balance helped by news of contracts announced during President Glscard D*Estalng's visit to Iran and by Prime Minister Raymond Barre's reaffirmation of his anti-Inflation policy in a speech to the national assembly. Banks, portfolios, foods, constructions and metals rose, but hotels and341 words
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Article198 1976-10-11 7 AMSTERDAM: Share* closed slightly lower In quiet trading. Dutch internationals fed with the exception of Heegeveas which rose 1.90. Transportations, banks and Insurances were mostly firmer. State loans firmed on Institutional demand with offerings scarce. ocrm r* Akto 7v.au 77 9® •i -0.1 AUtftnk met 1 a3xv 47 00198 words
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Article246 1976-10-11 7 ZURICH: The market closed quietly steady last Friday. BankgM«llsckaft was higher in otherwise little chanced leading banks, while Bally Legistered Elektro-Watt firmed among rinancials. Insurances closed well maintained, led by Zurich Registered. Industrials fluctuated narrowly. Dollar stocks firmed slightly In light trading. Dutch Internationals tended narrowly mixed. Oermans closed246 words
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Article406 1976-10-11 7 JOHANNESBURG: Golds moved easier last Friday following lower bullion quotes with traders hesitant about taking positions before the long weekend. Heavyweights shed up to 40 cents, although free state Gaduld gained 40 cents against the trend. Llght-wleghts lost up to 15 cents. Financial minings were also quietly easier elsewhere.406 words
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Article246 1976-10-11 7 FRANKFURT: Shares closed generally up to two marks lower In featureless trading last Friday, bringing the market to a new year low, dealers said. Leading banks and electrlcals closed a maximum of 2.30 marks and 2.80 marks lower respectively. Steels shed one mark and losses in other sectors were246 words
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Article243 1976-10-11 7 TORONTO: Stock prices closed at their lowest level of the session last Friday, as the market displayed a weakening trend since mid-session. The industrial index closed off 1.42 at 180.47. Wf*tern Oils, which had been on the plus side almost all day also closed lower with the exchange index243 words
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Article112 1976-10-11 7 MILAN: The market closed quietly firmer last Friday in partial reaction to recent weakness. Institutional buying, mainly by mutual funds, contributed to the firmer tone, bonds were quietly firmer. OCT M Lire Anlc 445 •1 AaaocOen ***** 1000 Bailor 959 414 Central* 7489 1479 18# >23 FlnskJer 238 J112 words
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Article370 1976-10-11 7 TOKYO: The market cloeed lower last Saturday following a sharp fall on Wall Street overnight. dealers said. The Dow Jones average lost 24.84 to 4,753.94 with volume of 100 million shares. The New index closed at 354.35, down 1.35. OCT M Yen Ajlnomolo AsahlChem Asahl Olua ButkTk Banyu Brtdgestone370 words
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Article84 1976-10-11 7 FINANCIAL TIMES INDUSTRIALS Friday 292.7 Thursday 290 0 Week ago 317.5 TIN Friday 121.52 Thursday 128 36 Week ago RUBBERS Friday 470.82 Thursday 473.44 Week ago 487.17 OILS Friday 323.42 Thursday 320 77 Week ago 338 93 DOW JONES AVERAGE INDUSTRIALS Friday 952.38 Thursday 985.09 Week ago LONDON DOLLAR84 words
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Article32 1976-10-11 7 THE following markets are closed today: US (Columbus Day), South Australia (Labour Day), Western Australia (Queen's Birthday), Canada (Thanksgiving Day), Japan (Health and Sports Day), and South Africa (Kniger Day).32 words
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Article945 1976-10-11 7 < On Oct OPTION OCT obe JAN r 8 APL STOCK Alcoa49 UNTRD UNTRD NOL 937/8 Alcoa SO 4 9m 7 93 7/8 Alcoa M 1/3 3 1/9 NOL 83 7/8 Alcoa 90 UNTRD 11/9 31/4 837/8 AmTM SO 97/1 1* UNTRD SO 5/9 Am Tel M945 words
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127 1976-10-11 7 (Base Year: January 4, 1971 100) 1978/7« Week's Action HIGH LOW INDUSTRIAL GROUP 1/10 &/10 POINT CHANGE 188.87 SI.57 Automotive 193.36 189.17 4.19 485.55 195.09 Banks, Insurance, Finance and Trustees 439.19 425.47 -13.72 181.45 94.30 Chemicals, Rubber Products, Refining and Smelting 145.99 142.33 3.66 240.42127 words
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Article242 1976-10-11 7 NYT INCREASING investor concern over the slowing economy and fear of a possible increase in oil prices sent stock prices lower last week In slower trading. The widely watched Dow Jones Industrial average closed on Friday at 952.38, down 27.51 points for the week. Turnover onNYT - 242 words
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Briefly
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Article58 1976-10-11 7 LONDON, Sun. Britain's National Enterprise Board said it gave general approval for a major investment plan by British Leyland to produce a new Mini car. A British Leyland spokesman said spending on the project will start almost Immediately although the National Enterprise Board still wants further clarification of58 words
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Article43 1976-10-11 7 TOKYO, Sun. Daiichi Kangyo Bank said it plans to set up a wholly-owned banking subsidiary In Zurich, subject to approval by the Swiss Banking Commission. This will be the bank's third overseas subsidiary, following Chicago Pacific Bank and Daiichi Kangyo Bank Nederland.43 words
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Article59 1976-10-11 7 FRANKFURT. Sun. Beecham Financiering, the 100 per cent subsidiary of Beecham Group, plans to issue a 75 million mark seven year loan with a probable eight per cent coupon and pricing at 99-Vt per cent, Deutsche Bank said as issuing consortium leader. The loan is guaranteed by the parent59 words
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Article48 1976-10-11 7 LONDON, Sun. Banque Francaise du Commerce Exterieure will raise USS2S million through a floating rate loan note issue due 1983, lead manager, Credit Suisse White Weld said. The Issue will carry a minimum coupon of 8-1/2 per cent plus 1/4 per cent above London inter-bank offered rates.48 words
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Article28 1976-10-11 7 LONDON, Sun. Tate and Lyle said acceptances for its unconditional offer for Manbre and Garton, plus purchases made during the offer period, together total 92.2 per cent.28 words
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Article92 1976-10-11 7 TOKYO, Sun. The rapid rise in Japanese colour television exports to the US will slow down in coming months, a spokesman for the Electronic Industries Association said. However, he denied local press speculation Japan was yielding to US pressure to curb exports, saying the anticipated slowdown would be92 words
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Article39 1976-10-11 7 BRUSSELS, Sun. The European Coal and Steel Community (ECSC) is raising a 500 million franc 9-1/2 per cent loan on the Luxembourg capital market, the EEC Com mission said. The eight year loan will be priced at par.39 words
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Article78 1976-10-11 7 TOKYO, Sun. Nippon Mining said its whollyowned subsidiary Nlkko Nickel Cobalt Smelting will shortly start commercial production of/nickel and cobalt from mixed sulphite to be supplied from Australia's Greenvale mines in Queensland. Production will start from mid-October at the rate of about 150 tonnes of nickel and 5078 words
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Article30 1976-10-11 7 AMSTERDAM, Sun. Nederlandsche Middenstandsbank said its 50 million guilder 10-1/4 per cent 15year subordinated debenture loan was priced at par. Lists open Oct 12 with payment on Nov. 1.30 words
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Article34 1976-10-11 7 SYDNEY, Sun. Rothmans of Pall Mall (Australia) said It has purchased the remaining 50 per cent interest in International Cellars Australia. The company had been owned on a 50/50 basis with Hungerford Hill.34 words
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Article52 1976-10-11 7 Reuter AKRON, Ohio, Sun. Firestone Tire and Rubber said it will resume motorcycle'tyre production, which was halted In 1960. The tyres will be available to dealers and manufacturers. Firestone said it forecast a growth in motorcycle tyres sales of more than five per cent annually over the next fiveReuter - 52 words
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Article121 1976-10-11 7 Reuter TOKYO, Sun. C Itoh president, Mr. Seiki Tczaki said his company will decide by the end of this year whether to merge with Ataka. which ran into financial difficulties last year. Mr. Tozaki told a press conference even if the decision IsReuter - 121 words
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Page 7 Advertisements
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Advertisement351 1976-10-11 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma I am! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational ■Ml flf /JI Ijh quite unlike351 words
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COMMODITY REPORTS AND PRICES
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Article286 1976-10-11 8 LONDON, Sat. Terminal rubber eased back In the afternoon on pre-weekend liquidation and squaring of accounts. However the market officially closed uncertain at or modestly above the session's lows. Prices were 0.25p down Thursday (near Dec at 60.25p) to I.OOp higher. Turnover totalled 289 lots of IS tonnes286 words
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Article177 1976-10-11 8 THE Straits tin price In Penang on Saturday drooped sharply by $27 to close the week at $1,203 on an official offering down 80 tonnes to 195 tonnes. In LONDON on Friday's close, Tin on the day was about £52 lower for Cash and £87 down for Three177 words
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Article242 1976-10-11 8 LONDON, Sat. Copper wire bars on the day were £25 down for Cash and 125.50 lower for Three Months. The market held steady initially at the morning's lower kerb levels reflecting relative steadiness at New York with Three Months trading in the range £825.50 to 1829.50 per tonne. However,242 words
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Article384 1976-10-11 8 A MODERATELY active market saw prices slip to lower levels. The Kllobar changed hands within a range of 899.000 $9,110, white for London delivery the price followed overnight closing levels In London and New York down to U8 $114.29. In LONDON on Friday, gold closed at U*****.70/114.30 an ounce384 words
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Article167 1976-10-11 8 LONDON, Sat. Silver was between 3.7 and 4.0p down for the day. Values were marginally lower in line with New York although a subsequent sharp fall In US futures brought out long liquidation. Three Months traded from a high in the ring of 263.0 to a low on the167 words
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Article50 1976-10-11 8 LONDON, Sat. Lead lost £9 for Cash and £9.50 for Three Months. This metal attracted nearby covering support in the ring although prices fell back on the kerb influenced by the decline in copper. Three Months traded up to £290.50 in the ring but finished the kerb at £288.50 words
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Article53 1976-10-11 8 LONDON, Sat. Zinc fell by £7.50 for Cash and £6.50 for Three Months. Prices fluctuated in the ring in moderate two-way trading with three months changing hands between £415 and £417, but selling on the kerb reflected the copper trend and final kerb business was down to £413. Sales53 words
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Article28 1976-10-11 8 BANGKOK, Sat. Prices for rice quoted on Saturday were unchanged from Friday's close. In HONGKONG on Saturday, prices quoted on Saturday were also unchanged from Friday's close.28 words
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Article258 1976-10-11 8 LONDON, Bat. Futures gained further ground sided by a steady New York market and a report from French sugar manufacturers that the beet harvest could be adversely affected by recent heavy rains. Profit taking pared gains at the close but prices still finished £4.56 to £1.50 up. Bates were258 words
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Article204 1976-10-11 8 LONDON, Sat. Robusta futures continued to move ahead after lunch and jan reached a peak of £1,032 per tonne before book-squaring and a lower New York trimmed the advance and saw prices move Irregularly. At the close values were £29 to £52 up In sales of 3,800 lots. In204 words
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Article228 1976-10-11 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut OU Bulk *71 MUcrs. old drum rIS Milan, new drum Ml MlCoprm: Mind (Ioom) UK/Cont. W ""Pepper: Muntok AST A wtalta f.O.b. too* HLW|3ooMUm,awtMk WWW f ob OS* NLW OSS Milan, Sarawak special black f o b.228 words
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Article145 1976-10-11 8 Reuter ARKON. Sat. FireStone Tire and Rubber's Firestone Synthetic Rubber and Latex unit said it expects US domestic con- sumption of synthetic rubber to reach r record of 2.88 million tonnes In 1977. The previous record was in 1973 when 2.43 million tonnes were used. Firestone alsoReuter - 145 words
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Article30 1976-10-11 8 Reuter MOBCOW, Sat. Soviet Agriculture Minister, Mr. Valentin Mesyats has predicted a possible record sugar beet crop this year, the (arming dally Selskaya Zhlzn reported on Saturday. Reuter.Reuter - 30 words
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Article659 1976-10-11 8 Reuter GENEVA, Sat. Jute and Jute products could compete with synthetic fibres in world markets again, giving new hope to the sagging Industries in its three major producing countries India, Bangladesh and Thailand, United Nations economists said in a report. Entitled "Elements of an InternationalReuter - 659 words
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Article471 1976-10-11 8 AIDED by the generally improved tone overseas, produce prices held from steady to firm In thin trading in the Singapore market last week. Fresh acceptances by London, Europe and America were minimal as dealers here were hestltant about making offers for want of fresh supplies from Indonesia. For471 words
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Article182 1976-10-11 8 STERLING opened relatively firm last week at U551.8730/40 against the U8 dollar but this was only temporary. When It came under severe pressure In volatile and hectic trading, It eased to as low as US$l.O4lO/20. Following this, the Bank of England In an attempt to stem sterling from further182 words
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Article209 1976-10-11 8 Asian rates THE US dollar deposit rates remained fairly steady during the early part of the week but eased to close slightly lower towards the end. The short dates shed 1/18 to 5 3/8 1/4 and the threes and sixes were quoted around 5 5/8 and 8-5 15/18 respectively. ASIAN209 words
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Article250 1976-10-11 8 THE firming up of Interest rates In the Interbank market at the beginning of the week was dramatically reversed at the close of trading last Tuesday. The reversal In market condition was similarly reflected In the discount market which saw a reduction In the overnight rates from 3250 words
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Article91 1976-10-11 8 RATES have eased during the week. Overnight funds were traded at 5 4 3/4 level when the market opened on Monday and term funds closed at 4 1/2 3/8, 4 9/18 7/18 and 4 3/4 5/8 In the 1, 2 and 3 months. Market Closed on Friday at91 words
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Article48 1976-10-11 8 FOR the week ended Saturday, Oct 9 the range of call rates received from Short Deposits (M) Berhad was as follows: GENERAL FUNDS: 3 per cent to 4* per cent. Movements of funds totalled 392 million. BANK FUND: 3 per cent to 4* per cent.48 words
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Article31 1976-10-11 8 Minimum lending rates (in ftrtt Chicago 7 Citibank 7 HKSK 7% 111. 'ffffif Indwuar -7 Malayan Banking 7 Mdui Bank 7 OC6C 7 out 7 UCS 7Vi UMBC 7Vi UOS 731 words
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Article32 1976-10-11 8 FRANKFURT exchanges closing quotes on Oct. 8. US 2.4398/4406 Can 2.5065/80 UK 4.064/069 Neth 95.62/67 Swltz 99.63/70 Italy 2.904/913 France 49.24/32 Japan 0.8450/85 Belg com 6.49/50 Belg fin 6.28/29 Norw 45.79/8532 words
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Article245 1976-10-11 8 LONDON, Sat. Sterling closed on Friday with a net 0.2-cent loss against the dollar at U851.6015/35, after quiet trading In the UK currency In the main European exchange centres. Buropean currencies were little changed although the Bundesbank reportedly gave modest support to the Norwegian crown In the joint float.245 words
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Article149 1976-10-11 8 NEW YORK, Sat. The dollar closed on Friday weaker on balance compared with Thursday's levels amid indications that the Federal Reserve Board may have eased monetary policy, dealers said. Sterling closed higher U551.6620/30 from 1.6545/6605 overnight, interest rates following point rise in Bank of England minimum leading rate,149 words
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Article340 1976-10-11 8 ZURICH, Sat. In Zurich over the week, the D-mark continued to be exposed to upward pressure after theGerman election. Despite a renewed confirmation by Finance Minister Apel that the present snake parities will be defended, revaluation rumours did not disappear completely. Many operators believe that a revaluation is unavoidable,340 words
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Article145 1976-10-11 8 Euro rates LONDON, Sat. Most Eurodollar deposits closed 1/16 easier against openings in quiet pre-weekend conditions with the market again dealing for Tuesday due to the US Columbus Day holiday on Monday, dealers said. Periods moved 1/16 lower during the afternoon after a softer undertone earlier. Dealers said this reflected145 words
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Advertisement162 1976-10-11 8 Keep in touch with business developments in Singapore wherever you are in the woiid Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei, Sarawak, Sabah Australasia/Pacific (excluding Hawaii)162 words
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Article, Illustration1403 1976-10-11 9 HUGH McILVANNEY - PLAYER WITH TREMENDOUS, EFFECTIVE AGGRESSION ANDY Gray has made a striking start to the English soccer season In more ways than one. The 20-year-old Scot has entralled Aston Villa fans with his goals. Last month he won the Daily Mirror's Footballer of the Month1,403 words
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Article662 1976-10-11 9 SEASONED campaigners Gordon Seow and Wong Weng Hong share the lead at the half way mark of the Putra Cup trials with a three-round aggregate of 233. Gordon posted the lowest card of the day with a four-over-par 75 at the Buklt Course yesterday while662 words
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Article243 1976-10-11 9 UPI PHILADELPHIA, Sun Don Oullett pitched a twohitter for eight Innings and drove in three runs with a single and a double last night to lead the World champion Cincinnati Reds to a 6-3 victory over the Philadelphia Phillies in the first game ofUPI - 243 words
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Article73 1976-10-11 9 KUALA LUMPUR. Sob. Thaiiaarf teak# l Malaysia with a rietmj la Um <wMm today ia tha drat rauad Baatara Zaaa Davit Coy tonis iiaMilHlia. wkk two aiaflaa lafl ta play flianni Ckampiari aad Ptcfcat Dwritiaa kaat Malaysia's bUhtmni Akbar Baba aad Eddia CWaw W, «-4 Beltex artifleal73 words
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448 1976-10-11 9 AP VIRGINIA WATER (England) Sun. David Graham of Australia, on a hot putting streak late in the day, birdied the 38th hole and beat defending champion Hale Irwin far the title in the Piccadilly World match play golf championship yesterday. In fading light, theAP - 448 words
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264 1976-10-11 9 THE OBSERBER LONDON, Sun. While most of the nation's First Division players were shaking the dust off their golf clubs, their paint trays of or their wives, the motheaten remains of yesterday's fixture list got under way with widespread 111 temper, writes JULIE WELCH.THE OBSERBER - 264 words
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Page 9 Advertisements
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Advertisement123 1976-10-11 9 The acid test for excellence is at hand m r '> All that glitters is not gold the common 'gold-flashed' lighter tarnishes with use. It just cannot stand up to the harsh reaction of acid from the perspiration on your palm. Tanita, on the other hand, is 'gold-plated'. So it's123 words
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Advertisement167 1976-10-11 9 v A C r >?. The nome of the gome is pleasure golfing with Confidence! Atkl why. Unlike conventional drivers, in Confidence Solid State woods, the weight is cast directly into the one-piece 'sole-n-face* plate, which allows weight distribution the most important part of any club to be directly behind167 words
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Article, Illustration299 1976-10-11 10 Reuter TOKYO, Sun. Canadian Prime Minister Mr. Pierre Trudeau has said a JapanCanada Joint proclamation for economic co-operation will be signed during his official visit to Japan from Oct 20 to 20, the Japanese press reported today. Mr. Trudeau who will have twoReuter - 299 words
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Article360 1976-10-11 10 WASHINGTON, Sun. Unemployment in the US stopped rising last month, but the job picture showed no signs of substantial strength, the labour Department reported Friday. The department said the national unemployment rate, which had risen for three straight months, edged down from 7.9 to 7.8360 words
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Article41 1976-10-11 10 Reuter TOKYO, Sun. Japan has agreed to provide Burma with grants of up to 600 million yen (Sss million) for the construction of telephone network facilities in Rangoon and Maymyo In Central Burma, the Foreign Ministry said yesterday.Reuter - 41 words
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Article208 1976-10-11 10 Reuter HONGKONG, Sun. China's 1976 Autumn export commodities fair in Canton is ready for its scheduled month-long run, starting from Oct 15, the New China News Agency reported today. The Agency said the fair was organised in line with the late party chairmanReuter - 208 words
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203 1976-10-11 10 KUALA LUMPUR, Sun. A mass meeting is being planned in Kuala Lumpur to enable interested parties to discuss the proposed new premiums which may be 150 to 330 per cent higher, to be introduced by the Malaysian Insurance Association for taxis203 words
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Article115 1976-10-11 10 PETALINO JAYA, Sun. The Malaysian Government Is Investigating the claim by the former managing editor of the New Straits Times, Samad Ismail now under detention for communist activities that he had Influence over certain groups In the ruling United Malayan National Organisation (UMNO). This was revealed115 words
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Article877 1976-10-11 10 RELISTING ON HK, LONDON A MATTER OF TIME IT will now be a matter of time before Haw Par Brothers International receives its listing on the Hongkong and London Stock Exchanges. With relisting of the Haw Par shares on the Stock Exchange of877 words
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475 1976-10-11 10 KUALA LUMPUR, Sun. Any Industrial action by workers In the country to back their demand for changes to the labour laws will be Illegal as It will be unrelated to any lndentiflable trade dispute, the Chairman of the Malayan Council of Employers' organisations (MCEO),475 words
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Article506 1976-10-11 10 UPI WASHINGTON, Sun President Ford's campaign, on a smooth surging upswing for weeks>has suddenly hit a series of bumps. Some think It will be difficult for him to regain the momentum that has been lost before election day. Others see so many ups and downs and gaffesUPI - 506 words
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Article57 1976-10-11 10 DALLAS, Sun. President Gerald Ford signed a proclamation yesterday imposing meat Import quotas for the first time In the 12-year history of the beef Import law. The quota was set at 0.560 billion kg of meat, which White House officials said would be about six per cent57 words
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Article486 1976-10-11 10 ARRIVALS Service Operator Number Local Time From JAL SIA CPA OIA THAI OIA PAL SAS JL712 SQ209 CX710 QA980 TG423 GA908 PR501 SK097 1000 1010 1000 1030 1035 1100 1115 1140 HLP HLP HLP HLP BKK MES MNL CPH/NDH/ BKK SIA SIA KLM SQ201 SQ240 KL811 1245486 words
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290 1976-10-11 10 Reuter LONDON, Son. Slater Walker Securities chairman Sir Jimii Goldsmith •aid the company uM properties with a hook value of £12.9 million (5552.0 million) for proceeds of £12.7 million since end-December. He told the annual meeting it has spent £7.0 million completing developments andReuter - 290 words
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Article25 1976-10-11 10 SINGAPORE Institute of Management will be presenting a review of "The ways of management: yesterday, today and tomorrow" In its conference room tomorrow.25 words
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236 1976-10-11 10 Reuter HONGKONG, Sun. China has backed proposals by the developing countries to alleviate the deeply Indebted poor nations and Is critical of the American attitude toward the problem. Peking's views were exBressed In a New China ews Agency report monitored here In theReuter - 236 words
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Article241 1976-10-11 10 KUALA LUMPUR, Sun. The Port Klang Authority has assured shippers that the closure of the container wharves, for repairs from this Friday to Oct 30, will only result In minimum disruption to container activity. Its director-general, Enclk Mohamed Zain Ahmad, said the closure was to241 words
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Article49 1976-10-11 10 Reuter HELSINKI, Sun. The Finnish national airline, Finnair, hopes to begin scheduled flights between Helsinki and Bangkok once a week from November it was officially stated here. A Finnish delegation has been appointed for talks In Bangkok next week on a civil aviation traffic agreement with Thailand.Reuter - 49 words
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Article58 1976-10-11 10 LEUNO International Enterprise, a local import, export and commission agent, was recently granted a seat In the Merchant Brokers Exchange, an international association of brokers, agents and bankers. With this, the company will now have access to the worldwide communication network of the exchange in assisting businessmen In58 words
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Page 10 Advertisements
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Advertisement63 1976-10-11 10 savours of Oidb England Lunch or dine in a grill room that savours of Olde England with food just as savoury. An ideal place to combine business with pleasure cosy and private. English-manner service too. Ask for the Executive Lunch or any speciality from our new ala carte menu. y'63 words
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Advertisement94 1976-10-11 10 A DEDICATION n Hmmoam ARI2 ARM ;=s -7:.. 135 rtf Jt. 4^ AR's Advanced Development Division has recently added 3 new speakers to the range: AR-12, AR-14 and AR-16 The performance standard expected of them remains the same as for all other AR speaker-systems: maximum accuracy in music reproduction but94 words
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