The Business Times, 6 June 1977
1977-06-06
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The Business Times
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Title Section8 1977-06-06 1 BUSINESS TIMES M.C.(P) 300/J/77 MONDAY, JUNK 1377 SOCENTS8 words
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NEWS IN BRIEF
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Article89 1977-06-06 1 AP HONGKONG, Sun. The Chinese army's Liberation Daily urged China's forces to step up their modernisation and be ready to liberate Taiwan from the Nationalists. In a long editorial published on the front pages of Hongkong's leading communist newspapers, Ta Kung Pao and Wen Wei Po, the officialAP - 89 words
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Article81 1977-06-06 1 UPI BANGKOK, Sun. Lao's official Vientiane Radio accused Thailand over the weekend of a series of aggressive acts including pirating a ship and shooting at ''sacred" building across the Mekong River border. Thai Prime Minister "Thanin Kralvlclen and his clique will be held personally responsible" fqr theUPI - 81 words
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Article89 1977-06-06 1 UPI ROME, Sun. Church doors in Rome and the walls of the main avenue leading to the Vatican Itself were plastered today with signs welcoming rebel French Archbishop Marcel Lefebvre, here to give a lecture which has rent the ranks of the Roman Catholic Church and Rome's oldUPI - 89 words
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Article102 1977-06-06 1 AP KUWAIT, Sun. This Persian Gulf oil state denied today that it was flying Joint air patrols with neighbouring Iraq to guard their oilfields against a surprise Israeli attack. Abdul Aziz Hussein, Kuwait's State Minister for Premiership Affairs was commenting on a recent report of the alleged JointAP - 102 words
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Article58 1977-06-06 1 MALACCA, Sun. About Ms 6 million will be spent under the Third Malaysia Plan to Improve 35 existing Irrigation schemes in the state covering 3,640 hectares. Another $3 million allocated under the plan would be for the completion of certain Second Plan minor irrigation projects, new «m*ii irrigation58 words
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Article116 1977-06-06 1 AP JERUSALEM, Sun. King Hassan n of Morocco foresees an alliance of Arabs and Israel becoming I'a world power of the first order,'' says an Israeli professor who conferred with the King last March. Dr. Andre Chouraqul, once vice mayor of Jerusalem and adviser to former PrimeAP - 116 words
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Article82 1977-06-06 1 UPI TOKYO, Sun. The United States has told Japan It plans to withdraw 6,000 American ground troops from South Korea by the end of next year under the Initial phase of President Carter's military pullout programme, Japan Broadcasting Corp. (NHK) reported over the weekend. Quoting JapaneseUPI - 82 words
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Article36 1977-06-06 1 THE government announced yesterday that It has appointed Mr Klrpa Ram VIJ as Singapore's ambassador to Lebanon. He is currently the Republic's ambassador to Egypt, Ethiopia, Pakistan and Yugoslavia with residence In Cairo.36 words
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Article118 1977-06-06 1 THE following list of slocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977. C—Nf T urnovv Prkm Urn OM Jumti 1*77 HtvPlt118 words
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LOCAL STOCK INDICES
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Article70 1977-06-06 1 May 30 May 31 June 1 Janet JsmI tt B.T. Index: 281.23 278.08 closed 295.61 296.97 Industrials: 243.17 242.81 closed 244.97 245.27 Finance: 422.81 420.57 closed 423.47 426.37 Hotels: 159.44 159.21 closed 160.27 100.07 Properties: 151.29 150.71 closed 154.91 154.83 t Tins: 105.69 105.63 closed 105.63 106.63 t rubbers:70 words
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Article83 1977-06-06 1 May M May 31 Juael JuatI Jntt tt B.T. Index: 231.64 228.00 closed 254 74 253.89 Industrial 267.07 266.71 closed 269.70 279.96 Finance: 964 69 362.23 closed 369.58 989.58 Hotels: 171.M 171.99 closed 171.99 171.9* Properties: 138.47 137.81. closed 138.67 139.83 t Tins: 110.21 110.21 closed 110.55 110.84 t83 words
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1125 1977-06-06 1 QUEK PECK LIM - COMPARABLE TO THOSE IN UK »y QUEK PECK LIM ONLY 10 per cent of 31ngaKre's tax paying poputlon earns more than $24,000 a year. But of this lucky 10 per cent, not a few even luckier persons earn sometimes as much as four times1,125 words
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Article178 1977-06-06 1 Reuter SALISBURY. Sun. A grim economic picture of the immediate future was painted for Rhodesians today by the chief economist of the Association of Rhodesian Industries, Mr. J.A.C. Girdlestone. He said in an Interview with the Sunday Mall that no real growth In national income, stagnantReuter - 178 words
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Article309 1977-06-06 1 UPI TOKYO, Sun. Prime Minister Takeo Fukuda said today Japan would gladly accept an on-the-spot Inspection of its nuclear fuel reprocessing facility by US scientists if It will help allay American concern over nuclear proliferation. Mr Fukuda added, however, that such an inspection would beUPI - 309 words
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Article134 1977-06-06 1 Reuter BANGKOK, Sun. The United Nations Educational. Scientific and Cultural Organisation (Unesco) will launch a campaign to help finance the preservation of Thailand's historic ruins at Sukhothal, Unesco director Eeneral Amadou-Mahtar I'Bow said over the weekend. Mr. M'Bow, departing for Manila following a five-dayReuter - 134 words
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308 1977-06-06 1 UPI MANILA, Sun. The Philippines and China have agreed to expand trade between the two nations substantially this year, according to published reports today attributed to the Philippine Embassy In Peking. Manila's major newsepers said Mr. Rodolfo verlnd Jr., Charge d'Affaires of theUPI - 308 words
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Article224 1977-06-06 1 LONDON, Sun. A policebacked coup today ousted the Seychelles Islands' government of President James Mancham, a report reaching London said today. Mr. Mancham blamed a "Soviet conspiracy." An aide to the 37-year-old Mr Mancham, who Is In London to attend the Commonwealth summit conference opening on Wednesday, confirmed224 words
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374 1977-06-06 1 Credit Lyonnais to tap Asian market CREDIT LYONNAIS will hinmi tkiflnftfarwmartial bnpwi kuk to top the Astoa Mkr bead fcrtog af UStM milttaa to floating rate netos (FRN) hare on June IS. The last Fiiup— barrawer to esme this way was the Eurapeaa Investment Bank, tie develepmoat financing an si374 words
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731 1977-06-06 1 LESS than a month after shareholders of Southern Malayan Tin Dredging and Southern Klnta Consolidated defeated a proposal to move the domicile of the companies from Britain to Malaysia, the board of the two companies have served notice that they Intend to attempt731 words
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Article33 1977-06-06 1 NEW DELHI, Sun. The World Bank will loan India US$l5O million (***** million) to help develop its offshore oil fields at Bombay High and Basseln, the Indian government announced here today.33 words
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Page 1 Advertisements
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Advertisement63 1977-06-06 1 @Wiyfbong 'HE* hand when Wayfoong Mortgage you need and Finance (Singapore) Limited ll lllOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Trf: *****7. Leisure/ TV A Radio' P 2 Local Co Norn/ Shan r» Information p Overseas News/ Oveneas Markets P7 Feature P 4 Commodities p g International63 words
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Advertisement106 1977-06-06 1 Sony Sonnyfooy Sony Trinitron now comes in with a 31 cm (13") screen portable color TV. The Son of Sony. Yaar ideal second set The Son of Sony has a Special ECONOQUICK system that gives you instant picture and sound, saving the unnecessary wastage of power while awaiting the tube106 words
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Advertisement34 1977-06-06 1 Albert Photo For the best in i£;sssmG photographic N ,fHoii<<s equipment i m m >< m w «s ml m yf i c V at r /,i je /A //>- l l l i^.f^ViUi' »li^i!'l l^^f'l^34 words
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Article665 1977-06-06 2 PREDICTABLY the North-South dialogue ended in failure and not even spectacular failure. The 18-month old discussions fizzled out with delegates bickering about the content of the final communique. The rich nations failed to get the controlled price and supply agreement on energy that"they wanted as a665 words
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Article331 1977-06-06 2 ALTHOUGH the problems of southern Africa are likely, as usual, to occupy much of the time of the Commonwealth leaders when they gather for their heads of government meeting in London this week, there is no doubt that the dominant topic throughout the conference will be the global331 words
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REVIEWS
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Article, Illustration775 1977-06-06 2 CKT - MUSIC By CKT WITH the becoming arrogance of a specialist group, the world's musicologists agree 1972 was a good year simply because It brought forth the Fifteenth Symphony by Shostakovich. The remarkably-orches-trated work was greeted with more warmth than usual for Dmitri Shostakovich. Tass News775 words
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523 1977-06-06 2 EDWARD FISKE - BOOKS By EDWARD FISKE NYT Troubled Teacher*. By Eatber Rothman. 268 pager. McKay. US$lO. THERE IS plenty Of evidence these days that American schools are falling to meet the needs of substantial numbers of their students. The federally funded NationalNYT - 523 words
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Article, Illustration1144 1977-06-06 2 JIMMY CHEN WIE YING - By JIMMY CHEN WIE YING THIS week was comparatively a leisurely week for me as I have decided to sit in the office more often to finalise several research proposals. Instead of meeting more clients in Industry. Selling such an intangible thing as research is possibly not1,144 words
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Page 2 Advertisements
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Advertisement67 1977-06-06 2 MITSUBISHI HIGH SPEED DIESEL ENGINES DEPENDABLE,DURABLE ECONOMICAL SI2NTK S6NTK mm g S m a SI6NTK for generating sets for marine propulsion units, ABS classed •250 to 1500 HP full technical spares and Service back-up m Please contact: Manufactured by l MITSUBISHI HEAVY INDUSTRIES, LTD. of Japan MOUSTMAL AGRICULTURAL HSTRBUTON CO.67 words
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Page 2 Miscellaneous
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Miscellaneous927 1977-06-06 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 A bird on the Nile (5) 6 Searches for short combinations (5) 9 Naval hero, expert swimmer (3-4) 10 Beastly way to be healthy (5) 11 Bear heavily on the bridge, perhaps (5) 12 Water containers (5) 13 When to rebuild the dome, say927 words
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Page 3 Advertisements
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Advertisement629 1977-06-06 3 4 4 u 4 instrument: Worldwide acceptance, immediate access to ready cash, billing and setdement locally in Singapore dollars. II I I The American Express II I I Gold Card, introduced JAAL by United Overseas I I I I Bank, is unlike any I I I I other financial instru-629 words
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Article, Illustration1210 1977-06-06 4 CLYDE FARNSWORTH - By CLYDE FARNSWORTH NYT IN THE late 1960s the dollarhad not been seriously overvalued. It was undermined by inflation, deficit spend-, lng to finance the Vietnam war and energy that wa» higher priced In the United States than In competing countries. TheNYT - 1,210 words
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242 1977-06-06 4 KUALA LUMPUR. Sum. The Malaysian rnJST'ukt ami ia* SS2edSCSyJS! pert Credit liiirixt jWhll, 1 ÜB- Formed*'nler the Compiiki Act of INS, the company is Initially capitniiood at $5 millioa with tkt Government contributing 50 per cent, the commercial bunhs 4$ p» gmt and the242 words
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Article66 1977-06-06 4 Reuter PARIS, Sun. Consumer prices in the OECD area rose 1.1 per cent in April following a 0.8 per cent gain in March, giving a year-oir-year rise for April of 9.1 per cent unchanged from March, the OECD said. The principal factor behind the faster rise wasReuter - 66 words
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517 1977-06-06 4 Reuter WASHINGTON. Sun. The Federal Reserve Board said external guarantees stand behind about 11 per cent of the lending by United States banks to nonoil leas developed countries (LDCs). The Federal Reserve Board report is the first to provide aReuter - 517 words
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Article317 1977-06-06 4 Reuter NEW YORK, Sun. Standard and Poor's Corporation, one of the two major bond-rating houaea here, said it is maintaining an "AA" rating for bonds laaued by the Canadian province of Quebec. Standard and Poor's said its decision followed an extensive review of the economicReuter - 317 words
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171 1977-06-06 4 THE council of the Association of Banks In Singapore is expected to meet soon to discuss recommendations contained In a confidential report circularised among banks here on ways to improve two-way trade between Singapore and Vietnam. The report, prepared after a trip by the association's171 words
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Article158 1977-06-06 4 THE Hongkong and Shanghai Banking Corporation (HSBC) has reduced Its minimum lending rate from seven per cent to 6* per cent. This is the first reduction in a local bank's lending rate since Nov 29 last year when the Development Bank of Singapore cut its Erlme158 words
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Page 4 Advertisements
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Advertisement683 1977-06-06 4 B FIRST OVERSEACREDTT UMITED SHARE CAPITAL Authorised Ordinary shares of SS 1 each Issued and Fully Paid Ordinary shares of SS 1 each SS 10,000.000 2,000,000 (INCORPORATED IN SINGAPORE) BALANCE SHEET, 31st December 1974 w SSI 0,000.000 2,000,000 5551.255.658 5558.480.964 FIXED ASSETS (Note 5) STATUTORY DEPOSIT With the Monetary Authority683 words
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Article251 1977-06-06 5 Reuter HONGKONG, Sun. Jardine Matheson said Its wholly owned UK subsidiary Matheaons Investments offered to acquire all the Issued share capital of Thompson Graham, a London Insurance broker. Thompson Graham has recommended the offer to its shareholders, and holders representing 71 per cent ofReuter - 251 words
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212 1977-06-06 5 Reuter LONDON, Sun. Lonrho I said It plans to amend Its 1 trusi deeds to remove restrictions on the group's I business and on group < borrowing. i Talks with major In- i stltutlonal Investors have been held and the proposals will be put*toReuter - 212 words
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Article177 1977-06-06 5 Reuter STOCKHOLM, Sun. Sweden intends to borrow US$2OO million on the Eurocurrency market this month in the form of a $100 million five-year note issue and an equally large 10-year bond issue, the National Debt Office announced. Detailed terms of the issues will be fixedReuter - 177 words
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155 1977-06-06 5 Reuter NEW YORK Sun. A group of investment bankers representing IS> major securities firms called on the Securities and Exchange Commission to retain off-board trading rules until some system which retains the best features of the auction market is developed. The group,Reuter - 155 words
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Article94 1977-06-06 5 Reuter LONDON, Sun. The new UK Treasury CBOO million long tap stock is quoted nominally at Just below par with buying interest minimal, market sources said. Yields on long-term British Government bonds have risen since the 11 3/4 per cent bond, due 1991, was announcedReuter - 94 words
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Article66 1977-06-06 5 Reuter TOKYO. Sun. Honda Motor said it will boost car and motor cycle production in June and July to cope with increased demand, mainly from the US. Extra work shifts agreed with Its union at two plants will raise four wheeled vehicle output mostly "Civic" andReuter - 66 words
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Article406 1977-06-06 5 Credit card first for S'pore THE Singapore dollar will become the first Asian currency to be accepted by a major credit card company in all its offices around the world for settlement of its card holders' bills. Mr Richard Weden, vice president, South-east Asia region of American Express' card division,406 words
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Article143 1977-06-06 5 FOUR of Japan's largest banks announced Increased net profit after tax for the six month-period ended March 1977. The Fuji Bank posted after tax profits of 13.78 billion yen against 13.13 billion yen In the preceding half year. It also announced a 2.5 yen143 words
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Article111 1977-06-06 5 Reuter TOKYO, Sun. Nippon Fudosan Bank said it asked the Korea Exchange Bank (KEB) for full repayment of 5 26 billion yen (5546.7 million) of KEB guaranteed loans made to a Japanese real estate company, Toa So go Klgyo. The bank said it lent aReuter - 111 words
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111 1977-06-06 5 A COURSE on "Professional Practice and Local Authorities' Procedures and Requirements" will be held from tomorrow at the DBS Theatrette. The course Is organised by the joint committee on continuing education for architects and engineers of the Board of Architects and the Professional111 words
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Article64 1977-06-06 5 KOTA BAKU, Sun. Petrol dealers here have urged the authorities to clamp down on Illegal outlets of Thai petrol. They claimed that their business is affected by Il- legal dealers who are selling smuggled petrol from Thailand. "While our price for regular grade petrol Is 83.1064 words
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224 1977-06-06 5 Reuter TOKYO, Sun. The Tokyo Stock Exchange said It eased margin trading controls over most stocks with Immediate effect to encourage the current sluggish market. It said the margin requirements for all stocks, except six stocks whose margin requirements remained unchanged, are lowered toReuter - 224 words
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165 1977-06-06 5 Reuter PARIS, Sun. Share quotations on the Paris bourse may be affected by industrial action early next week, trade union sources said. Bourse staff will meet tomorrow to hear a reply from the Stockbrokers Association to their request for a formal commitment to maintainReuter - 165 words
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Article62 1977-06-06 5 Briefly Reuter LONDON, Sun. Fodens said its directors and advisers believe the RollsRoyce Motor Holdings offer of seven Rolls-Royce ordinary shares for each 12 Fodens is completely unacceptable and not in the best interest of Fodens shareholders. Shareholders are advised to take no action until they receive a letterReuter - 62 words
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Article33 1977-06-06 5 LONDON. Sun. Rank Overseas Holdings' Cs2o million 9ft per cent Eurobond due 1982 was priced at par, N.M. Rothschild and Sons said as issue lead manager. The issue was two-and-a-half times oversubscribed.33 words
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Article70 1977-06-06 5 Reuter FRANKFURT, Sun. Final terms of the 120 million mark Eurobond for the Industrial Mining and Development Bank of Iran will be set on June 15, lead manager Deutsche Bank said. Confirming earlier terms given by bond market sources it said the bond will probably carry a 1%Reuter - 70 words
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Article41 1977-06-06 5 Reuter LONDON, Sun. BICC chairman Mr.' C.H. Broughton Pipkin told the annual meeting results for 1977 should improve. In 1970 pre-tax profit rose to £43.48 million from £32.27 million on a turnover of £898.4 million, up from £758.1 million.Reuter - 41 words
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Article50 1977-06-06 5 Reuter FRANKFURT, Sun. The Brazilian state development bank, Banco Naclonal Do Desenvolvlmento Economleo (BNDE), is floating a 50 million Eurodollar loan for seven years, probably at per cerit, lead manager Commerzbank said. This Is BNDE's first Eurodollar loan and final conditions will be set on June 13. Reuter.Reuter - 50 words
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349 1977-06-06 5 Reuter WASHINGTON, Sun. Prospects for US sales of agricultural products to China during this year are uncertain, the US Agriculture Department's economic research service (ERS) said. In a review of China's agricultural situation it noted higher wheat Imports now totalling about seven millionReuter - 349 words
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158 1977-06-06 5 SINGAPORE Airlines will take delivery of a third computer this month to increase the capacity of 1U existing Krlscom computer system. The computer, an IBM 360 Model 65, was acquired because of the Increase In the volume of "real-time" passenger reservations and158 words
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Article59 1977-06-06 5 A NEW visitors' information counter, located at the arrival hall of Para Lebar International Airport, is now open to visitors arriving In Singapore. Operated by the Singapore Tourist Promotion .Board, this counter is supplementary to the main information centre at Its head office In Tudor Court. A third59 words
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Page 5 Advertisements
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Advertisement542 1977-06-06 5 Introducing the new IBM low-cost computer for businesses of alf sizes. I 4 "'S m THE IBM SYSTEM/34 The IBM System/34 is designed for all kinds of work: invoicing accounts receivable materials planning statistics production planning purchasing credit control sales analysis Up to eight display stations can be attached to542 words
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COMPANY NEWS
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639 1977-06-06 6 THE recently announced results of Shartkat Harper Gllflllan, where net attributable profits fell 93 per cent to M 5131.000. show how unexpectedly trading companies' profits can tumble, confounding even the expectations of thelrown management. In fact, this has become a distressing feature in several major639 words
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Article738 1977-06-06 6 Current Ex Date Total for Total for payment Date payable the year previous year Cycle 6 Carriage 6%I >lay23 June 6 6%I 18% F.E. Levingston 25% May 20 June 6 25% 25% Newt 8. Times 15%I May 18 June 6 15%I 40% P.M. Cement 7.5%I May 13 June738 words
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Article63 1977-06-06 6 Reuter LONDON, Sun. Phoenix Assurance said It had reached agreement with Malayan Banking to form a joint venture insurance company in Malaysia, subject to the approval of the appropriate authorities. Malayan Banking will own a 70 per cent share of the equity and Phoenix 30 perReuter - 63 words
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Article41 1977-06-06 6 Reuter LONDON, Sun. Pahang Consolidated said that since the company is nonresident In the UK for both tax and exchange control purposes, the Treasury has confirmed the company will not be subject to the current UK dividend controls. ReuterReuter - 41 words
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COMPANY MEETINGS
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Article13 1977-06-06 6 June 6, 11.30 a.m.. Regent Hotel, Jalan Imbl, Kuala Lumpur.13 words
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Article15 1977-06-06 6 June 6, 12 noon, at the Regent Hotel, Jalan Imbl, Kuala Lumpur.15 words
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Article16 1977-06-06 6 June 10, 11 a.m.. 4th Floor, Bangunan MIDF, 117 Jalan Ampang. Kuala Lumpur.16 words
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22 1977-06-06 6 June 10. 12 noon Registered Office, 9th Floor, Bangunan Hong Leong, 117 Jalan Bandar. Kuala Lumpur.22 words
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15 1977-06-06 6 June 11, 12 noon. Registered Office, OCBC Centre, Chulia Street. Singapore.15 words
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22 1977-06-06 6 June 13. 11 a.m., Registered Office. at Jalan Utas, Batu Tlga Industrial Estate, Shah Alam, Selangor.22 words
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Article15 1977-06-06 6 June 15, 10.30 a.m.. Registered Office, at Jandarata Estate, Teluk Anson, Malaysia.15 words
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Article18 1977-06-06 6 June 15, 11 a.m., 70 A V.. A I A Jalan Ampang, Kuala Lumpur.18 words
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Article21 1977-06-06 6 June 24, 11 a.m., In the Jasmine Room, Mezzanine Floor, ShangrlLa Hotel, 22 Orang Grove Road, Singapore 10.21 words
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Article14 1977-06-06 6 June 24, 12 noon, Ist Floor, Inchcape House, 450/452 Alexandra Road, Singapore.14 words
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Article2306 1977-06-06 6 Gr'a Gr'» Net Week 1 *77 Last Week Div Div Y'W P/E Vol Week Hick Low Coavaajr Sale +or- C'vr COM) Hi*h Low SECTION ONE INDUSTRIALS 146 136 Acma 144 unch 12 ON 1.1 8.3 7.2 5 144 143 133 127 Aetna A 129 12.0N2,306 words
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Page 6 Advertisements
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Advertisement160 1977-06-06 6 S i'Vj I Wblsey Hall Economics Commerce Administrative Practice Secretarial Company Secretariat Practice General Principles of English Law Company Law Labour Law Mercantile Law Sales of Goods Business Administration Business Finance Industry and Trade Labour Economics Management Mathematics Management Accounting Business Statistics economic statistics British Market Opinion and Research Applied160 words
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INTERNATIONAL STOCK MARKETS
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Article523 1977-06-06 7 TOKYO: Share prices closed higher In active trading on Saturday with Investors welcoming the stock exchange's measure to ease margin trading controls, dealers said. The Dow-Jones average added 19.23 to close at 5,010.80 with volume 120 million shares. The new Index closed at 378.30 up 1.39. Pharmaceuticals, automobiles. constructions,523 words
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Article283 1977-06-06 7 AMSTERDAM: The market closed generally lower in continued quiet trading on Friday, with little buying interest for private Investors' offerings, bourse sources said. 1 nilever led declines in Dutch internationals. Elsewhere, most shipping and insurances firmed against the trend. B;mks. trading shares and industrials were lower, led by llrineken,283 words
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Article170 1977-06-06 7 BRUSSELS: Share prices mostly closed lower on Friday following Wall Street and uncertainty over the formation of the next Belgian Government, bourse sources said. Traction and Union Miniere rose but Sidro, Unerg, Intercom, t'ockerill. Acec, GB, UCB and CHK were all lower. Gold shares nlso fell. In foreign stocks.170 words
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Article360 1977-06-06 7 FRANKFURT: Shores closed slightly weaker on Friday, market sources said: Lufthansa ordinary shares gained 3.50 and preference shares 2 80 marks as prospects of a flight personnel strike recede. In steels, Kloecknar rose 1 80 and Mannesman* 1.20 marks but In electrlcals AEG fell 1.20 marks. BBC which announced360 words
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Article109 1977-06-06 7 MILAN: Striking bourse employees are preventing official quotations from taking place on the Milan Stock Exchange on Friday, a bourse spokesman said. The stock brokers' qualified clerks are occupying the trading floor and preventing quotations., In a statement the strikers said they Intend to continue their occupation until the109 words
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Article323 1977-06-06 7 PARIS: The market held steady in quiet trading on Friday with Investors apparently discounting the Government's revised financial forecasts for 1977. published during the day, dealers said. Banks were mixed, with Investments, engineerings and hotels easier and electrlcals firmer. Germans led a general decline in foreign stocks, with Canadians323 words
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Article259 1977-06-06 7 ZURICH: The market closed slightly lower In featureless trading on Friday, dealers said. Except for lower Kreditanstalt leading banks closed barely steady. Bally Bearer led flnancials slightly lower, but PreaaeKiaanz ruled very steady. Industrials followed the slightly easier trend, with Saurer and Globus traded ex-dlvldend. In a quiet foreign259 words
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Article279 1977-06-06 7 TORONTO: The market closed broadly higher on Friday. with the composite ii)dex up more than five points and advances leading declines 215 to 180. All but three of the 14 sub-Indices gained. 801 l was the most active industrial for the second day, rising to 51% on 114,939 shares.279 words
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Article386 1977-06-06 7 JOHANNESBURG: Gold shares closed steady at the lower levels on Friday, dealers said. They attributed the earlier decline to lower overnight bullion indications and lack of Interest preceding the UK holiday Mining flnanclals were firmer towards the close with gains of up to ten cents. Coppers and platinums were386 words
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Article1198 1977-06-06 7 NEW YORK: Depressed growth stocks spearheaded a broad stock market advance as cashheavy institutions went bargain hunting on Friday. Meanwhile, the market failed to respond with any vigour to favourable government reports showing a slower rise in the wholesale price Index in May and a drop In unemployment.1,198 words
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Article1390 1977-06-06 7 On June 3 TRADING In options on the Chicago Board Options Exchange came to 88,174 contracts on Friday compared with 67,895 contracts on Thursday. OPTION JLY OCT JAN STOCK Alcoa SO 3 1/2 4 1/4 UNTRD 52 5/8 Alcoa SO 1/8 M 1 52 VI Am Tel1,390 words
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Article61 1977-06-06 7 FINANCIAL TIMES INDUSTRIALS Friday 457.8 Thursday 454.6 Week ago 452.3 DOW JONES AVERAGE INDUSTRIALS Friday 912.23 Thursday 903.15 Week ago 898.83 LONDON DOLLAR PREMIUM Friday 118H to 119 Thursday 115V4 to 118 H.K. HANG SENG Friday 450.22 Thursday 447.80 Week ago 441.94 SYDNEY INDUSTRIALS Friday 375.85 Thursday 375.02 Week61 words
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131 1977-06-06 7 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4. 1971 100) If77 HIGH LOW INDUSTRIAL GROUP Weekended 27/5 V6 POINT CHANGE 210.59 496.57 164 62 228.39 294.16 219.47 715.93 139.03 131.85 100.74 390 98 297.66 145.90 362 92 135.80 181.16 221.37 175.47 423.12 116.47 87.13 81.36 272.24 187.39 Automotive 183.86131 words
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Article459 1977-06-06 7 NYT THE New York stock market began last week with a whimper and wound up with a bang as a big Friday rally raised both prices and spirits on Wall Street. On Tuesday the first trading session after the Memorial Day holiday on Monday the DowNYT - 459 words
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Article140 1977-06-06 7 Reuter NEW YORK, Sun. The first day of trading in put options produced higher volume than had been anticipated, options exchanges reported. The put trading involved only 24 underlying stocks spread over five exchanges compared to call trading on more than 200 stocks. Put volumeReuter - 140 words
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Article127 1977-06-06 7 Reuter FRANKFURT, Sun. The North Sea Oas consortium, i a Norwegian company whose main shareholder is I Phillips Petroleum, will bring a 100 million mark 12- 1 year Eurobond to the market tomorrow, bond market sources said. The coupon has not yet < been set butReuter - 127 words
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Page 7 Advertisements
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Advertisement97 1977-06-06 7 i. StCUHI A BRIGHTM MUM .> .s*; ®Swi V £mw new H>II j I mihSs* ';sstil§i|E2fc --r? fc* f- ->' f i(* W- 'sr~'%?s jm*^S,*%* "-f£f*" Jf CY with Foulks Lyna ll LONDON 1 iH FEDERAL PU \CAT lONS Diviskmjjtbrtke HB& ■i* i cs V. f S NP~ V V.97 words
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COMMODITY REPORTS AND PRICES
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Article178 1977-06-06 8 LONDON, Sun. Terminal on Friday closed very quiet ahead of the long UK weekend and jubilee holiday. Prices were narrowly mixed from Thursday night and mostly 0.05 pence higher (Oct/Dec 54.40 pence seller) to 0.20 pence lower. Volume totalled seven lots at five tonnes and 89 lots178 words
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Article47 1977-06-06 8 May 30 May 31 June 1 June 2 June3 June 4 +Tln: $1,455.00 $1,448.00 Closed $1,441.00 $1,490.00 $1,447.00 Tonnes: 274 310 Closed 306 210 iao Rubber (S): 193.00 194.50 Closed 193.50 193.90 Rubber (M): 194.00 195.00 Closed 194.00 193.90 per plcul cents per kilo47 words
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Article55 1977-06-06 8 THE Straits tin price In Penang on Saturday was down $3 to $1.447 on an official offering down 30 tonnes to 180 tonnes. In NEW YORK on Friday, tin dealers quoted spot prices from 453.00 to 465.00 cents. Demand was again slow as the slightly higher prices55 words
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Article281 1977-06-06 8 CHINESE PmODUCE EXCHANGE, SINGAPORE NOON CLOSING PUCES PEE PICUL ON SATUEDAT Coconut CHI: Bulk SOS seller*, old drum *100 teller*, new drum 1108 seller*. Copra Mixed (loo*) UK/Cont. MO buyers Pepper Muntok AST A white f.o.b. 100* NLW $4024 sellers. Sarawak white f.o.b. MS NLW *382* seller*. Sarawak281 words
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Article253 1977-06-06 8 NEW YORK, Sun. Silver futures on Friday regained almost half of the early losses ranging to five cents, to stand 2.50 to 3.00 cents lower at mid-morning. A fall-off In gold futures and base metals prompted early selling in silver, traders said. The July contract made a new low253 words
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Article384 1977-06-06 8 IN THE Singapore gold market on Saturday, the kllobar wis traded In the range of 8911.380 to 911,406 in quiet condition*. In the loco London gokl market, the metal opened at U*****.90/145.10 and In dull trading, It cloeed at the same level. Bniw! Bingnuu. Retail prices per tael quoted384 words
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Article91 1977-06-06 8 C.I.F. Rotterdam price* quoted in London on Friday in US do rildej Pre*. Malaytla SH ffa bulk July/Aug unch 606 all Sumatra 5* May unch asspd Jnn 675 Dd en so iUar* per ton 1 *lr July 8*70 pd 872 SOilr Aug mn.bopa mho*r Sept unch 666 pd91 words
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Article245 1977-06-06 8 NEW YORK, Sun Comex copper prices on Friday recovered on late shortcovering ahead of the weekend to close 0.20 cent lower, dealers said. The nearby July finished at it 3 high point for the day, 60.60 cents after holding quietly at about 60.40 cents throughout most of the afternoon.245 words
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Article37 1977-06-06 8 THE London Metal Exchange was closed from last Friday afternoon to June 8 for the Spring and Jubilee holidays. As a result, there are no price quotations for London tin, copper, silver, lead and zinc.37 words
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Article453 1977-06-06 8 LONDON, Sun. Futures closed officially slightly steadier on Friday down from the afternoon highs but still showing losses from Thursday night of £116 (Jly £2,902) to £73 per tonne. Volume was 8,518 lots which was boosted by around 3,500 lots of self trades and included 35 options. Dealers said453 words
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Article359 1977-06-06 8 LONDON, Sun. Futures closed £90 to £55 per tonne higher on Friday on sales of 3,492 lots. Prices generally held steady throughout the afternoon in line with New York. The near July position at one stage reached a new record high of £2,955 before finishing at £2,925 per tonne.359 words
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Article180 1977-06-06 8 CHICAGO, Sun Soybean futures on Friday closed with losses of eight and 6ft cents a bushel In the two old crop months but posted gains of 13 to 20tt cents In new crop positions. Speculative support In the deferreds was prompted by forecasts of continued dry weather over the180 words
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Article110 1977-06-06 8 CHICAGO, Sun. Wheat futures on Friday closed 1 with losses of *to 1 cent a bushel after fluctuating narrowly to either side of Thursday's close in a light trade Small gains were posted early on light speculative support encouraged by gains in corn futures and deferred soybean contracts but110 words
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723 1977-06-06 8 ALL was quiet on the Singapore commodity trading front last week for want or follow-through buying Sm overseas. Trading was ck partly because of the holidays In America and Singapore. On balance, most commodity prices tended lower In sympathy with trends prevailing In the723 words
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Article181 1977-06-06 8 LONDON. Sun. Futures closed £0.70 up to unchanged in sales of 1,359 lots on Friday. Prices displayed an easier trend during the afternoon which dealers attributed to a lack of fresh buytaf Interest once the pre-holiday short-covering had been completed. Market would be closed until June 8. In NEW181 words
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Article254 1977-06-06 8 BANGKOK, Sun. Very Uttle was reported in the rice market during the last week under review. According to trade sources, no business was reported either on government-to-government or commercial bases during the week following measures Introduced by the Commercial Ministry to slow down the rice export trade two to254 words
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MONEY AND EXCHANGES
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Article187 1977-06-06 8 GENERALLY, the US|/ SI held very steady in rather thin and quiet trading conditions in the Singapore forex market last week. It fluctuated in the narrow $2.4638 to $2.4050 range while Its performance overseas was very mixed and uncertain. Following announcements of general rise of US prime rates to187 words
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Article50 1977-06-06 8 Pint Chicago Citibaak (H BwM Bask 7 Bank of Anil (H Baak rfCUaa 7 Baak at Tokyo «H Baak Naf arm H8BC «H Iadaauat «H Malaya a BaaMig «H MiUri Baak IH OCBC «H Ckartarad Baak «H ckaaa Manhattan M UCB 7 UMBC 7 DBS «Vi UOB50 words
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Article203 1977-06-06 8 Asian rates LAST week the market remained quiet ahead of month-end and long weekend holidays In London. Slight easing tendency was reflected in Three and Six months. Money supply In US showed Ml unchanged and M 2 Increasing to US$4OO million. ASIAN currency irtrift deposits rates for the week ended203 words
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Article283 1977-06-06 8 Source: Commercial Discount Company INTERBANK overnight money last week was being traded on Monday alone at between 3% per cent and eight per cent. Market sources attributed the shortage of money to banks adjusting their minimum cash balances for the week which included a liability base day andSource: Commercial Discount Company - 283 words
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Article376 1977-06-06 8 ZURICH. Sun. The US dollar weakened slightly while the Japanese yen and the Swiss franc strengthened considerably last week. The US dollar's slightly weaker tendency was mainly because of the 0.1 per cent decline In US factory orders in April. The small gain of the leading indicators (0.5 per376 words
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Article317 1977-06-06 8 NEW YORK, Sun. The dollar demonstrated 1U recent close links with US short term Interest rates on Friday when it weakened despite favourable US economic statistics, dealers said. US wholesale prices rose only 0.4 per cent tn May after a 1.1 per cent rise In March while unemployment317 words
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Article94 1977-06-06 8 Euro rates LONDON, Bun Trading In Eurodollar deposits was quiet on Friday because of the long holiday weekend, dealers said. Time deposit rates Kned basically steady and wed little change In subtequenv low volume trading, dealers added. Day-to-day were un- altered from openings. LONDON Eurodrposlt closing quotes on Jane 394 words
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Article65 1977-06-06 8 A SLIGHT lightening of the market was seen last week. Overnight funds were traded mainly at the four per cent level. Term rates, however, were relatively steady with the exception on Friday, where some strong taking interests pushed up the rates by 1/8 per cent before closing at65 words
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Article193 1977-06-06 8 LONDON, Sun. Sterling strengthened towards the close on Friday, buoyed by domestic and overseas operators squaring positions ahead of the long UK holiday weekend and small demand for the currency in a thin market, dealers said. It closed at $1.7178/80 against $1.7169/72 overnight. Trading in most other currencies slowed193 words
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Article35 1977-06-06 8 FRANKFURT exchanges closing quotes on June 3. US 2.3553/63 Can 2.2350/80 UK 4.041/046 Neth 95.62/72 Switz 94.67/77 Italy 2 656'662 France 47 60/70 Japan 0.8613/23 Beig com 6 530/540 Belg fin 6.550/578 Norw 44.90/9835 words
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Article40 1977-06-06 8 FOR the week ended Fridav June 3. the range of call rates received from Short Deposits (M) Tlerhad was as follows: BANK FUND 1 to 5V4% GENERAL FUNDS: 1%% to 5 Movements of funds totalled $319 million.40 words
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Article104 1977-06-06 8 Reuter LONDON, Sun. Laurentide Financial Corp Ltd, a Canadian finance company, plans to enter an underwrltlnf agreement with a group of banks to float a Cs2o million (8147 million) note Issue with an expected coupon of 9.5 per cent over fire years with the Issue priceReuter - 104 words
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Page 8 Advertisements
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Advertisement190 1977-06-06 8 'lIIVI.I MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BiLLETW This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is190 words
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Article, Illustration1426 1977-06-06 9 PETER CORRIGAN - Unity and fellowship in Liverpool transcend all boundaries -MONDAY SPORTS By PETER CORRIGAN The Observer LONDON, Sun. THE sight of the European Cup bestowing its blessing from the top of one of Merseyside Transport's more attractive omnibuses was doubtless good for the soulsThe Observer - 1,426 words
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Article, Illustration458 1977-06-06 9 WALTER Wolfs milliondollar bet is looking healthy. Having staked that amount of money at this year's budget for his Formula 1 racing team, he finds it no hardship to see his Maple Leaf banner being flourished at the head of the world championship field with slightly458 words
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Article658 1977-06-06 9 TONY PAWSON - By TONY PAWSON THERE IS nothing surprising about Mike Brearley being appointed England captain except that It should be for the Prudential matches. As a player he Is a natural choice to open in a five-day Test, but low on the list for a limited-over game.658 words
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Article102 1977-06-06 9 ZOLDER, Sun. Ounnar Nilsson of Sweden. In a Lotus, today won the Belgian Formula One Grand Prix here. On the 49th lap Nilsson overtook Lauda to go into the lead. The Swede, 28, outbraked Lauda going into the chicane and within a few laps had opened102 words
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Article672 1977-06-06 9 NYT NEW YORK, Sun. Cheap intercontinental rochet travel probably had a lot to do with it. So did the development of the U5514.95 (137) colour television set. Whatever the causes, big league baseball in 2001 was being played all over the world. There were fourNYT - 672 words
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Article971 1977-06-06 9 A.E. WALKER had good reasons to celebrate yesterday because Warren Oolf Club, first time under his captaincy, registered their first win In five matches when they beat Jurong Country Club by 10 strokes In the SOA Premier League at Dover Road yesterday. Walker got down971 words
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Page 9 Advertisements
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Advertisement175 1977-06-06 9 fhm w f l f NOW $595 Plus one Sunday bag free Available at: Balbir A Co. Ground Floor. Supreme House, Penang Road Tel: *****7 Beet Sports. 71. Bras Basalt Road Tel *****5 Chee Sin. 30. Transit Road. Nee Soon Tel: *****7 17, Stamford Road Tei: *****9 Masters Sports 71,175 words
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542 1977-06-06 10 UPI TOKYO, Sun. US Agriculture Secretary Bob Bergland arrived here today amid speculation that he might ask Japan to increase imports of American wheat. During his visit, scheduled until Wednesday, Mr. Bergland Is expected to confer with government leaders and representatives of agricultural organisations.UPI - 542 words
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362 1977-06-06 10 Reuter UPI MANILA. Sun. The Malaysian government has formally invited the Prime Ministers of Japan, Australia and New Zealand tc meet the heads of government of the Association of South-east Asian Nations (Asean) after their summit meeting in Kuala Lumpur next August, Foreign AffairsReuter; UPI - 362 words
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245 1977-06-06 10 HITACHI Zosen Robin's (HZR) decision to build a second drydock despite the shipping recession can, contrary to some expectations. result in the doubling of the income of the shipyard. This, explained Mr. Robin Loh chairman of Robin Shipyard and of HZR, is because the245 words
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271 1977-06-06 10 WEST GERMAN investments in Singapore now total $278 million spread over 100 firms, according to the South-east Asian representative for the German Foreign Trade Information Office based in Singapore. Mr. Hartmut Rastalsky said that this is the most accurate figure that can be arrived271 words
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102 1977-06-06 10 WILLI AMSTOWN, (Musachusetts), San. Andrew Young, US Ambassador to the United Nations, said yesterday that Western technology is a more potent revolutionary force in the backward nations of Africa and Asia than communism. As contact with technology increases, Mr Young saM, the is102 words
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Article, Illustration435 1977-06-06 10 LONDON, Sun. After an exhausting week of wrangling with little to show for It, some of the Third World nations which took part in the so-called North South Dialogue in Paris are looking to the 'Commonwealth conference In London to435 words
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415 1977-06-06 10 AP MOSCOW, Sun. Some years of Soviet history have been "darkened by Illegal repressions" which must never be repeated, Soviet leader Leonid Brezhnev said In a speech released over the weekend by Tass. In a clear reference to the Stalin purges, Mr. Brezhnev saidAP - 415 words
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194 1977-06-06 10 Reuter NAIROBI. Sua. Kenya has withdrawn traffic rights for many of the international airlines operating between Nairobi and Dar Es Salaam in what informed sources said appeared to be a move to cioae the last direct link with Tanzania. At least six ofReuter - 194 words
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171 1977-06-06 10 MARKETINO directly on its own with effect from June 1, Helena Rubinstein alms to Increase its Singapore turnover by some 20 to 25 per cent. This sales projection Is made on the premise that Rubinstein will have more funds for advertising and promotion171 words
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875 1977-06-06 10 HA VINO gone through a period of sky-rockettlng prices, the Singapore coffee bean market Is now in a highly nervous state. Speculators who had gone short during the peak of the bull market In March and paid a king's ransom, are875 words
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463 1977-06-06 10 Reuter PARIS, Sun. France's trade deficit Is expected to fall to 10.1 billion francs (815 billion) this year after an 18.6 billion deficit last year, Finance Minister Robert Boulln said. He told the National Income Committee this fall is expected because importsReuter - 463 words
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Article585 1977-06-06 10 ARRIVALS mrhm Operator Number Loca Tin* 1 i From CPA CX003 0145 HKO 8AS SK097 0640 CPH/THR/BKK MAS MH882 0610 KCH CPA CX710 1000 HLP SLA SQ211 1015 HLP OIA OA980 1030 HLP THAI TQ423 1035 BKK OIA OA 908 1100 MES PAL PR501 1115 MNL 8IA585 words
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Page 10 Advertisements
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Advertisement57 1977-06-06 10 (fljraa Executive's Lunch Jjf Special iUL «>> m m ww 4 Mondays Bouillabaisse Marseilles 1 i Tuesdays Roasl Striploin of Beef Wednesdays Oxtail Stew Thursdays Roast Rack of Lamb Fridays Roast Rib of Beef Plus Bowl of Mixed Green Salad, Choice of Dressings. Price: $10.00 (plus Government Tax) No Service57 words
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Advertisement74 1977-06-06 10 P«w#7' (Hitit" v s_ Multi-spliced by craftsmen using some of the world's most exotic hardwoods, Pouter Glide offers a wide range of cues to suit the most discerning. Correctly balanced with super-slim line styling all cues are manufactured under the supervision of Rex Williams world professional Billiards Champion and holder74 words
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