The Business Times, 16 September 1977
1977-09-16
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The Business Times
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Title Section9 1977-09-16 1 BUSINESS TIMES M.C.(P) 300/1/77 FRIDAY, SEPTEMBER 16, 1977 50CENTS9 words
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Article, Illustration579 1977-09-16 1 AP WASHINGTON, Thurs. US Budget Director Bert Lance told Senate Interrogators today he may have made mistakes In running his Georgia banks but allegations about his financial past have been "erroneous misrepresented exaggerated and misunderstood." "I do not contend that I made no mistakes whenAP - 579 words
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NEWS IN BRIEF
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Article47 1977-09-16 1 Reuter MIR I, Thurs. Another oil field has been found off the shores of Sabah. It was announced here today. The national oil company, Petronas, said the field was discovered by Sabah Shell and Pectan Malaysia which had a production-sharing agreement with Petronas. Reuter.Reuter - 47 words
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Article68 1977-09-16 1 AP BOGOTA, Thurs. Rioting mobs looted a warehouse, stoned banks and blocked streets in Bogota today on the second day of violence by workers defoanding wage increases. Police sources said 10 people were killed, 100 wounded and thousands arrested during a 24-hour nationwide strike yesterday. President Alfonso LopezAP - 68 words
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Article92 1977-09-16 1 AFP ALGIERS, Thurs. The semi-official newspaper El Moudjahid today appeared to write off the North-South dialogue as "a failure" and described it as "a smokescreen". Commenting on the UN session on the Conference on International Economic Co-opera-tion(ClEC), it said: "What is known as the North South dialogue hasAFP - 92 words
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Article91 1977-09-16 1 Reuter CANBERRA, Thurs. Australia's government and trade unions appeared locked tonight on a collision course that will only be resolved by an early general election, possibly before the end of the year. The coming battle over who rules this country of 14 million people was clearly signalled byReuter - 91 words
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Article72 1977-09-16 1 UPI NEW YORK, Thurs. Stocks moved slightly higher early today in moderate trading. Investors were waiting for the Federal Reserve Board's report later In the day on the nation's money supply. Against this background, the Dow Jones Industrial average, which gained 4.15 points yesterday, was ahead 0.44 pointUPI - 72 words
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Article1474 1977-09-16 1 COLIN CHEE - MORE ASIAN BOND ISSUES By COLIN CHEE SWIFTLY on the heels of the US$2O million (Ss49 million) Sumitomo Electric convertible and Keppel Shipyard's US$l5 million seven-year Euro-Asian dollar bond float, DBSDaiwa Securities International, or Its part parent Dalwa Securities of Japan, will be bringing out1,474 words
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473 1977-09-16 1 Reuter TOKYO, Thurs. The Japanese Government has come under increasing domestic pressure for a goodwill gesture to head off a full-scale trade row with the European Common Market this autumn, industrial and financial leaders said here. As the EEC's trade deficit with JapanReuter - 473 words
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Article138 1977-09-16 1 Reuter PARIB, Thurs. The French leftwlng alliance, which for most of this year has enjoyed growing supGrt among voters, today :ed an uncertain future after the breakdown of efforts to agree on a Joint election platform. The verdict of the financial world was that theReuter - 138 words
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189 1977-09-16 1 AFP GENEVA, Thurs. French Premier Raymond Barre Uk day denied protectionism by his country In the textiles sector, in an article appearing In the newspaper Le Journal de Geneve. He was replying to an editorial comment by the paper declaring that France was "a frontrunnerAFP - 189 words
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182 1977-09-16 1 SOFT drink retailers stand to make an extra 2Vfc cents profit If their proposal to increase the retail price of a bottle to 35 cents Is successful. It Is understood that representatives of the Singapore Foochow Coffee Restaurant and Bar Merchants Association and182 words
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323 1977-09-16 1 SINGAPORE is an ideal base from which to conduct a proper evaluation of the market potential of the South-east Asian region. This is primarily because of the Republic's excellent market research facilities. That is the view of Mr. J. B. Turner of the323 words
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564 1977-09-16 1 AP AFP BRUSSELS, Thurs. Common Market officials warned the United States today against allowing unrestrained growth in Its oil Imports. This, they said, would tend to increase world prices and reduce supplies. They predicted that because of increasing oil Imports between nowAP; AFP - 564 words
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Article79 1977-09-16 1 BRUSSELS, Thurs. The European Economic Community (EEC), which already has 5,600,000 Jobless, will suffer increased unemployment unless there is stronger expansion, the EEC commission said today. In a review of mediumterm prospects, it said that, to get the Jobless figure down to three or four million79 words
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Page 1 Advertisements
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Advertisement8 1977-09-16 1 Get advanced copying technology i SEE PAGE 3 }?%,,@=/\=/\",{~}`@>,}+\}$=@@!_8 words
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Advertisement100 1977-09-16 1 A HEAD OF OUR TIME 5=2 81 The GX Head l M'S** r '?S ci(Jv<lf K »_*fl audu {»> hn.ilogv f>i .itis< "»■<*■ <s r n »h»-' l.k». > »>■> i o<" v >« G* is marv o f av' jtt* r., sr.* Tiow'i'ed wvh« pr». v »-ts dust ,i"d100 words
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Advertisement254 1977-09-16 1 ST SINTAT Rent-a-Car AORtOVUOf P>SfRVAIiO\ Singapore: *****55, *****5 (Airport) Kuala Lumpur: *****6 Penang: ***** SEE BACK PAGE I mj. r •CgKar U£&js& i- T/% i ■"at 5£ sTll> r»M H ayfnong MAFis located 4 1 a/ Shaw House, just outside jjP* Central Business District, so you can visit us any254 words
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OVERSEAS
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Article436 1977-09-16 2 AWARE OF ITS GLOBAL ROLE Reuter BONN, Thurs. The West German government said the mixture of tax reliefs, Investment Incentives and employment measures agreed by the Cabinet yesterday takes account of the slowdown In major Industrialised economies recently. The boost In next year's budget spending, alliedReuter - 436 words
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Article139 1977-09-16 2 AP WASHINGTON, Thurs. Reversing an earlier decision, the US ExportImport Bank has granted a US$75 million (*****.7 million) credit to Japan for the purchase of US cotton, It was announced yesterday. The move Immediately won praise from Senator Alan Cranston, who called It a benefit toAP - 139 words
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Article74 1977-09-16 2 AFP MANILA, Thurs. Weathermen raised public storm warnings over a wide area of the Philippines today as the country braced for powerful tropical typhoon Dinah packing 120 kmh centre winds. The weather bureau said at 1700 local (0800 GMT), Dinah was located In the Pacific Ocean 220 kmAFP - 74 words
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366 1977-09-16 2 Reuter WASHINGTON, Thurs. The International Finance Corp. (IFC) asked for greater cooperation between governments and business as a key factor in restoring the Incentive for investment to aid the global economy. The IFC, a World Bank affiliate, said in its annual report thatReuter - 366 words
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Article166 1977-09-16 2 Reuter SAN FRANCISCO, Thurs. Full copper production by Intergovernmental Council of Copper Exporting Countries (Clpec) will probably postpone Improvement in the depressed copper market. Clpec secretary general Sacha Oueronik said. He told delegates attending the annual mining congress meeting here that Clpec's decision to remove production controlsReuter - 166 words
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182 1977-09-16 2 NYT OTTAWA, Thurs. Prices are still going up in Canada but at a slower pace than before, the government information agency, Statistics Canada, announced yesterday. The cost of living rose only four-tenths of one per cent in August, bringing the yearly rateNYT - 182 words
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Article86 1977-09-16 2 Reuter PARIS, Thurs. French unemployment rose to a post-war record 1,215,900, seasonally adjusted In August from 1,180,100 in July, the Labour Ministry said. Unadjusted unemployment rose to 1.063,000 from 1,004,300 in July while in August last year unemployment was 961,700 adjusted and 841,500 unadjusted, the ministry said.Reuter - 86 words
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Article72 1977-09-16 2 Reuter ROME, Thurs. Industrial production In the second naif of 1977 is expected to fall below Its levels for the same period last year, the Industry federation Conflndustrla forecasts. For the whole of 1977 Conflndustrla forecasts an increase of 2.2 per cent in Industrial production, with output fallingReuter - 72 words
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296 1977-09-16 2 AP DETROIT, Thurs. American new cars sold faster in early September than the same period in any of the past 22 years, with the Industry reporting a hike of 11 per cent for the same period last year. The four major US carmakers reportedAP - 296 words
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338 1977-09-16 2 Reuter LONDON, Thurs. The Bank of England said capital Inflows rather than the strengthening UK current account payments trend are responsible for the massive growth In UK reserves this year. Much of the Inflow early In 1977 was of a once-for-afl nature andReuter - 338 words
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Article272 1977-09-16 2 Reuter LONDON, Thurs. The Bank of England believes an appreciating sterling exchange rate might have a smaller braking effect on UK inflation and have a greater impact on the overall balance of the economy than recent dlcusslon has allowed, Its September quarterly bulletin said. WeighingReuter - 272 words
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Article173 1977-09-16 2 UPI BANGKOK, Thurs. General Motors Thailand, (GMT) will begin to be dissolved by the end of September due to a severe drop In sales, according to a letter released to Its dealers. The letter said other sales of GMT, for example Isuzu vehicles suchUPI - 173 words
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Article242 1977-09-16 2 Reuter LONDON, Thurs. A majority of City analysts forecast a small increase in the UK retail price index in August due to be published by the Department of Employment on Friday. Predictions supplied range from a 0.5 per cent rise to 184.7, base 1974, from July's 183.8Reuter - 242 words
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Article76 1977-09-16 2 Reuter STUTTGART, Thurs. Demand for armour-plated cars In West Germany has increased following the kidnapping 10 days ago of employers' leader HansMartin Schleyer, a spokesman for the Daimler-Benz car concern here said today. For 50,000 marks (5552,500), the firm will arrange for clients' cars toReuter - 76 words
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Article183 1977-09-16 2 Reuter WASHINGTON, Thurs. US commercial and Industrial loans outstanding rose US$9 million (3*22 million) to $119.30 billion In the week ended Sept 7, the Federal Reserve Board said. This was $7.27 billion higher than the level of business loans outstanding In the same weekReuter - 183 words
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Article39 1977-09-16 2 Reuter CHICAGO, Thurs. Central National Bank of Chicago raised Its prime rate to 7-fc per cent from 7 on Wednesday. The Chase Manhattan Bank had raised its prime to 1% per cent a day earlier.Reuter - 39 words
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269 1977-09-16 2 AFP TOKYO, Thurs. Japan's transport Ministry Is considering lowering this nation's standard ship prices to deal with growing competition from South Korea and other new shipbuilding nations, Kyodo news Service reported today. Quoting sources. Kyodo said the ministry also plans to call on SouthAFP - 269 words
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Article47 1977-09-16 2 AFP NICE, Thurs. Some US$35O million (SSB67 million) worth of flowers were delivered last year by the Interflora Organisation, the world president Jean Donzler announced today. A total of 28 million separate orders were handled by the International flower delivery service, he said. AFP.AFP - 47 words
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230 1977-09-16 3 AP CARACAS, Thurs. A proposed increase In Venezuelan oil prices for the last quarter of this year "is aimed at reflecting current market conditions," a spokesman for the Ministry of Energy and Mines said yesterday. Spokesmen for several US oil firms said earlierAP - 230 words
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Article100 1977-09-16 3 AP WASHINGTON, Thurs. The US Senate energy committee yesterday threw out President Carter's proposal for restructuring electric utility rates, delivering another blow to the Ad ministration's energy programme. Although no formal vote was taken, the committee agreed without dissent to scrap the Carter plan and substitute.AP - 100 words
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Article124 1977-09-16 3 UPI WASHINGTON, Thurs. Soviet buyers who have been active In the American grain market this week have purchased another 100,000 tonnes or 3.9 million bushels, of corn, the Agriculture Department announced yesterday. The purchase was the third revealed this week. In earlier announcements, officials had disclosedUPI - 124 words
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463 1977-09-16 3 AP NEW YORK, Thurs. Singapore registered tankers had the fourth lowest percentage tanker accident rate in the first six months of this year, according to figures released by the Tanker Advisory Centre. Ships registered in Cyprus had the worst tanker accident recordAP - 463 words
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336 1977-09-16 3 Reuter FRANKFURT, Thurs. The concept of a "world car" to suit all markets has been raised by exhibitors at the Frankfurt Motor Show opening here today. With a record 1,241 firms from 30 countries competing for business, the show also indicates a growingReuter - 336 words
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Article158 1977-09-16 3 AFP UNITED NATIONS, Thurs. The United Nations General Assembly yesterday suspended public debate on the "NorthSouth Dialogue" until tomorrow to enable delegates to negotiate Informally on a resolution to wind up the current brief session. The "Group of 77" developing countries have prepared aAFP - 158 words
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Article63 1977-09-16 3 Reuter OSLO, Thurs. Norway will have to wait at least a week before the final results of the Norwegian election can be confirmed officially, political sources said. Unofficially, a recount yesterday showed Prime Minister Odvar Nordli's labour government and Parliamentary allies will have a one-seat majority overReuter - 63 words
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399 1977-09-16 3 SAN FRANCISCO, Thurs. A wealth of minerals burled beneath the sea could make the United States independent of Imported minerals, but complicated International agreements must first be reached, a panel of mining and US government officials said yesterday. Marne Dubs, chairman of the American399 words
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124 1977-09-16 3 Reuter ROME, Thurs. A senior Italian official of one of America's largest banks, wanted in connection with possible fraud involving more than two billion lire (5)6.39 million), has given himself up justice officials said here today. They said Mr. Vladimiro Cipriani, vicepresident ofReuter - 124 words
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Article35 1977-09-16 3 AP WASHINGTON, Thurs. The International Development Association (IDA), an affiliate of the World Bank, announced today that It has approved a US$l4 million (8534 million) credit for rural development In Togo. APAP - 35 words
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418 1977-09-16 3 Reuter GENEVA, Thura. Some sugar producers have voiced strong disappointment at their proposed export allocations when the 72 nation conference to set up a new International sugar agreement got underway yesterday. A number of them had separate private talks with conference chairman Ernest Jones-ParryReuter - 418 words
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Article169 1977-09-16 3 Reuter WASHINGTON, Thurs. The US Treasury Department yesterday ruled that saccharine imports from Japan and South Korea are being "dumped" In the United States and sold at less than fair value. It said saccharine produced by Asian Chemical Company of Japan was not Included inReuter - 169 words
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Article297 1977-09-16 3 AP TOKYO, Thurs. Japanese sugar refiners said they offered a new compromise proposal to Australian growers to settle a sugar price dispute between the two countries. They said the new proposal was submitted to Colonial Sugar Refinery (CSR) Ltd. of Australia to break the deadlock inAP - 297 words
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Article118 1977-09-16 3 AP PORTLAND, (Oregon), Thurs. The first shipment of US beef cattle for slaughter In Japan has left Portland. Sixty Angus steers were hoisted In steel cages onto the deck of the Honda autocarrler Universal Wing and put In pens on Tuesday night for theirAP - 118 words
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Page 2 Advertisements
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Advertisement118 1977-09-16 2 Near the new fly-over at Bukit Timah/Farrer/Adam Road junction At 4 1 /2 miles Bukit Timah, opposite Chinese High School. Most Ideal And Luxurious Split-level Houses On Elevated Land Treat yourself to the beautiful greenery and scenery. Refreshing atmosphere with continuous cool and clean breeze. r m t i :>118 words
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Page 2 Miscellaneous
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Miscellaneous297 1977-09-16 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Sept 15 at Singapore airport. Maximum Temperature 32.3° C Associated Humidity 63 Minimum Temperature 24.6° C Associated Humidity 98 Hours of Sunshine 8.60 Rainfall in Millimetres Nil Total Rainfall for the Month 63.2 Total Rainy Days for the297 words
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Miscellaneous578 1977-09-16 2 TWO-IN-ONE CROSSWORD PUZZLE CRYPTIC ACROSS I Teacher states she's a wife (8) 7 To torles, somehow, It's slow 8 Pocket punishment (4) 10 Coward s cottage (0) 11 She has a wrong angle (0) 14 Allowed to suffer? (3) 1C Ouy's girl? (5) 17 It Is over £50 this contains578 words
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Page 3 Advertisements
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Advertisement215 1977-09-16 3 Which bank delivers you a whole world of financial knowledge? We do. Bank of America. When it conges to finance, we are there —our money centers and branches around the globe keep us in constant daily touch with fluctuations iii all major currencies. We have the expertise based on years215 words
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COMPANY NEWS
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571 1977-09-16 4 PAN ELECTRIC Industries expects group operating results to show a "marked Improvement" in the next 18 months over the previous corresponding period. The directors say In their interim report, they would be "disappointed" if their expectations fall to materialise. However, indications todate seem to show571 words
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118 1977-09-16 4 LARUT Tin Fields was recently forced to remove all Its assets from its mine at Buklt Besl, which ceased production from Jan 1, 1977. This followed the Trengganu state government's refusal to consider further renewal of the company's operating leases. Larut explalnes that "the118 words
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297 1977-09-16 4 THE strong earnings uptrend displayed in the second half of last year by Inch Kenneth Kajang. one of the few sterling rubber companies now quoted on the Kuala Lumpur Stock Exchange, was interrupted in the first half of 1977 by severe drought conditions affecting its297 words
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242 1977-09-16 4 DESPITE the very keen competition In the world textile market, Textile CorSi ration of Malaya Is stayg well ahead as reflected In the 22.6 per cent rise In group pre-tax profit M 5586,000 for the six months ended June 30, 1977. Group sales were242 words
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Article386 1977-09-16 4 Selangor Properties Alexandra Holdings C. Sugar* International Wood Pakang Consolidated Keck Seng Yeo HiapSeng(M) Beata Ayer Hitam Tin Seacorp Kempas Tatping Con N.B. Timben Apollo Tronoh Mine* G.E. Life Jack Ckia-MPH Hume F.E. BaU Prima NSOP Metro Metro Malaywata Steel Bukit Katil Paper ProducU Dunlop Ind. UOB VAC386 words
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COMPANY MEETINGS
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Article24 1977-09-16 4 THE following company meetings ar^due: Sept. 17, 12 noon at the Gardenia Room Shangri-La Hotel, 22 Orange Orove Road, Singapore 10.24 words
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Article18 1977-09-16 4 Sept. 17 at 15th Floor, Rooms 1511/1512, Shlng Kwan House, 4 Shenton Way, Singapore I.18 words
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Article11 1977-09-16 4 Sept. 19 at the Registered Office, Batu Tlga, Selangor.11 words
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Article17 1977-09-16 4 Sept 20 at the Cempaka Room, Hotel Equatorial. Jalan Sultan Ismail, Kuala Lumpur, Malaysia.17 words
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Article23 1977-09-16 4 Sept 21 at 10.30 a.m. at the Registered Office. 12th Floor, Yee Seng Building, Jalan Raja Chualan, Kuala Lumpur.23 words
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Article23 1977-09-16 4 Sept 21 at 11.00 a.m. at the Registered Office, 12th Floor, Yee Seng Building Jalan Raja Cnualan, Kuala Lumpur.23 words
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18 1977-09-16 4 Sept 29 at 11.00 a.m. at Ban Hln Lee Bank Chambers, Beach Street, Penang.18 words
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Article18 1977-09-16 4 Sept 29 at 10 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penang.18 words
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Article19 1977-09-16 4 Sept 29 at 10.30 a.m. at Ban Hln Lee Bank Chambers, Ist floor, Beach Street, Penang.19 words
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Article757 1977-09-16 4 PACIFIC Development Credit la considering taking legal action against San Imperial's present chairman, Mr David Ng Pak Shlng, regarding certain statements made by him to the Stock Exchange of Singapore recently. "It is blatantly incorrect for Mr David Ng to state that 'there Is, at757 words
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194 1977-09-16 4 TWO London Tin group of companies, Southern Malayan Tin Dredging and Southern Klnta Consolidated have received the statutory majorities to effect the proposed change in domicile from UK to Malaysia. An EGM last week the second held for this purpose, passed the schemes.194 words
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Article424 1977-09-16 4 Reuter MELBOURNE, Thurs. Australian Associated Resources (AAR) made an impressive turnround in the year ended June 30, 1971. It reported an unaudited consolidated operating profit of A 51.71 million on revenue of $15.6 million ($13.34 million) against a loss of $1.25 million previously. The result was after taxReuter - 424 words
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Article1196 1977-09-16 4 On Sept 14 TRADING on the Chicago Board Options Exchange came to 75,566 contracts on Wednesday, compared with 72,438 contracts on Tuesday. OPTION OCT JAN APL STOCK Alcoa 45 111/16 213/16 3Vt 45% Alcoa 50 1 UNTRD 45* Alcoa 60 UNTRD UNTRD UNTRD 45*. Am Tel 601,196 words
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Page 4 Advertisements
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Advertisement1025 1977-09-16 4 China trade... a US$2O Ullion goldmine Here's how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking,1,025 words
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INTERNATIONAL COMPANY NEWS
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Article637 1977-09-16 5 UK COMPANIES Reuter BRITISH Leyland is likely to suffer a substantial setback this year, according to Its latest interim report. The report showed that pre-tax profit for the first six months ended July 2, 1977 fell sharply by about 77 per cent to £12.6 millionReuter - 637 words
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152 1977-09-16 5 Reuter A STOCK exchange Inquiry into dealing in shares of Cavenham has found no definite evidence of insider' trading, market sources said. A committee of inquiry started work in March and its report was accepted by the Stock Exchange Council yesterday, theReuter - 152 words
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Article70 1977-09-16 5 Reuter LA PAZ, Thurs. Bolivia's state oil company Vaclmlentos Petrollferos i Flscales Bolivianos (VPFB) I was undergoing a difficult stage owing to depletion of Its main oil fields, Energy and Hydrocarbons Minister Gulllermo Jimenez Gallo I said here. Bolivian output currently stood at 35,000 barrels dally ofReuter - 70 words
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261 1977-09-16 5 Reuter FOR THE first six months ended June 30, 1977 Babcock and Wilcox made a pretax profit of £15.62 million (£15.18 million) on sales of £316.95 million (£294.76 million). The company said the pre-tax profit was after interest charges of £3.84 million (£3.53Reuter - 261 words
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Article208 1977-09-16 5 Reuter BURMAH OIL reported that It reduced pre-tax loss for the first half-year ended June 30, 1977 to £1.35 million from £14.96 million previously. Sales were some five per cent higher at £422.46 million against £401.76 million previously. Trading profit amounted to £26.63 million, up fromReuter - 208 words
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176 1977-09-16 5 Reuter WASHINGTON, Thurs. The Federal Trade Commission filed a complaint against Armco Steel, Bethlehem Steel, Laclede Steel, and US Steel alleging they fixed prices on steel bars and other products. The suit, filed FTC in the southern district of Texas seeksReuter - 176 words
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90 1977-09-16 5 Reuter LONDON, Thurs. American Express president Roger Morley said he expects 1977 net income to be well over US$2OO million compared with $194.5 million In 1976. Mr. Morley was talking at a briefing to mark the listing of the company's shares of the London Stock Exchange.Reuter - 90 words
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Article89 1977-09-16 5 Reuter MONTREAL, Thurs. Dupont of Canada said federal action reducing tariffs on staple fibre by 25 per cent will have a serious Impact qq.Canadian production. Executive vice-president J.E. Newall said the action forces down prices that are already low and makes It easier for foreign producers toReuter - 89 words
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Article63 1977-09-16 5 HydroQuebec Reuter NEW YORK, Thurs. Hydro-Quebec has completed a US$2OO million private placement in the US market, banking sources said. Hydro-Quebec said later in Montreal the private placement was at a 9V4 per cent interest rate, to mature Sept 1 1997. A sinking fund will be established in connection withReuter - 63 words
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413 1977-09-16 5 EUROPEAN COMPANIES Reuter FRANKFURT, Thurs. Volkswagenwerk expects Its 1977 group turnover to rise to between 25 b llllon and 26 billion marks after 21.42 billion last year, chairman Tonl Schmuecker told a press conference. He declined to forecast earnings but referred to his remarks toReuter - 413 words
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376 1977-09-16 5 Reuter FRANKFURT. Thurs. profits posted In 1977 by West German companies should on balance be barely maintained following rises of around 25 per cent last year, stock market analysts and bankers said. However, forecasting Is severely hampered by the sharp differences In 1977 corporate earningsReuter - 376 words
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Article203 1977-09-16 5 Reuter IJMUIDEN, Thurs. Estel NV Dutch partner Hoogovens BV will shed 2,500 of Its 24,000 workforce before the end of 1979, trades union spokesmen told a press conference. The cuts will affect 600 froductlon workers and ,900 In other sectors, officials of the NKV andReuter - 203 words
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809 1977-09-16 5 NYT NEW YORK: A project for building the world's largest water desalting plant at Yuma, Arizona by the end of 1981 Is approaching a crossroad. Within the next few weeks, the United States Bureau of Reclamation and Its parent, the Department of theNYT - 809 words
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Article88 1977-09-16 5 Reuter UTRECHT, Thurs. NV Amev said Its NV Brabant subsidiary acquired about 4ft per cent of Combined English Stores group (CES) from Lonrho bringing Its holding In CES to more than nine per cent. The acquisition was for cash at above the market price ofReuter - 88 words
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Article127 1977-09-16 5 ASIAN COMPANIES Reuter PERTH, Thurs. Western Australian Petroleum Pty Ltd (Wapet) and Phillips Petroleum unit, Phillips Australian Oil Co, signed a Joint venture farm-In agreement for oil exploration in a 5,655 square kilometre segment of permit WA-14-P offshore Perth, the companies said In aReuter - 127 words
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Article114 1977-09-16 5 Reuter BRISBANE, Thurs. Discussions between CSR, acting as sugar marketing agents for the Queensland Government, and Japanese banks about a possible loan for the Queensland Sugar Board of up to Asso million have been suspended, acting board chairman A.T. Price said in a statement. (Reuters reportedReuter - 114 words
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Article98 1977-09-16 5 Reuter NEW YORK, Thurs. Kubota of Japan expects earnings In its first halfyear ending Oct 15, 1977 may be down 10 per cent on the same period last year, chief financial officer Hlromu KUrlhara told analysts here. However, first-half sales will be up and second-half earningsReuter - 98 words
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Article234 1977-09-16 5 Reuter HONGKONG, Thurs. Swire Pacific and Its recently floated subsidiary, Swire Properties reported Impressive earnings for the first half of this year. Swire Pacific said It made an unaudited consolidated net profit of HK$B5 million, up $27 million from the previous half. It declared an Interim dividendReuter - 234 words
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Article353 1977-09-16 5 AFP HONGKONG, Thurs. Nan Fung Textiles Consolidated said it made a net profit of HK532.274 million for the year ended March 31, 1977. However, this was $9.05 million less than In the previous year, a pointer to difficulties encountered by the textiles Industry generallyAFP - 353 words
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Bonds
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Article165 1977-09-16 5 Reuter NEW YORK, Thurs. New York's Municipal Assistance Corp said it completed its previously announced US$2.5 billion voluntary restructuring and public offering. The deal Is believed to be the largest municipal bond transaction to date, surpassing Its $1 billion public offering of July, 1975. The transaction consistedReuter - 165 words
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Article56 1977-09-16 5 Reuter LONDON, Thurs. Tunisia plans to tap the Eurocurrency market for a loan, provisionally set at US$lOO million, a spokesman for lead manager Bank of America International said. The credit, Tunisia's first Euroloan, will be for seven years at lVfr per cent over London interbank offered rates, withReuter - 56 words
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Article101 1977-09-16 5 Reuter FRANKFURT, Thurs. The German Government Is Issuing a 900 million mark six per cent 10-year loan at 99.5 per cent, the Bundesbank said. The loan will go on sale from todajw Of the total amount of the loan, 750 million marks will be sold byReuter - 101 words
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Article37 1977-09-16 5 Reuter FRANKFURT, Thurs. The 150 million mark sevenyear Eurobond for Banco Naclonal De Obras Y Servlcios of Mexico carries a provisional coupon of seven pet, primary bond market sources said. Lead manager is Dresdner Bank Ag.Reuter - 37 words
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Article25 1977-09-16 5 Reuter LONDON, Thurs. Consolidated Bathurst's US$25 million nine per cent Eurobond, due 1992, was priced at 99"* per cent, lead manager Orion Bank said.Reuter - 25 words
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Page 5 Advertisements
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Advertisement48 1977-09-16 5 This announcement appears as a matter of record only CHALLENGE CORPORATION LIMITED Wellington, New Zealand uss 10,000,000 MEDIUM TERM EUROCURRENCY LOAN Managed by First National Bank in Dallas Funds provided by CREDIT SUISSE FIRST NATIONAL BANK IN DALLAS Assisted in New Zealand by SOUTH PACIFIC MERCHANT FINANCE LTD.48 words
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612 1977-09-16 6 NYT NEW YORK, Thurs. Gerber products, the world's largest producer of baby foods, and which has been ardently wooed since mldAprll by Anderson Clayton, a Houston-based food company, may soon get a suitor more to Its liking. Gerber, which has steadfastly resisted Anderon Clayton's mergerNYT - 612 words
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294 1977-09-16 6 Reuter ZURICH, Thurs. Swiss banks face slower growth In balance sheet totals in the years ahead as room for expansion both at home and abroad is limited, Schweizerlsche Bankgesellschaft chairman Philippe de Week said. He said In an interview that whereas the small size ofReuter - 294 words
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184 1977-09-16 6 ZURICH, Thurs. The forthcoming 100 million franc 15-year bond issue to be floated by Swiss Aluminium Australia (Austraswiss) will have a 4*« per cent coupon and be issued at 99 per cent, a spokesman for Schweizerlsche Kreditanstalt said. This makes it the first184 words
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930 1977-09-16 6 NYT NEW YORK: For some people, the silence that long drives and physical work affords gives the mind a chance to chew over the cud of random perceptions, cerebrally stored for Just such an occasion. James McElvany is not one of theseNYT - 930 words
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149 1977-09-16 6 Reuter TOKYO, Thurs. Japan will make a US$9O million bank-to-bank loan to the Soviet Union for the construction of a second transSiberian railway and the Development of South Yakutia coal deposits along the railway, sources at the economic committee meeting between the two countries said.Reuter - 149 words
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INTERNATIONAL STOCK MARKETS
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Article379 1977-09-16 6 HONOKONO: The market closed slightly easier after a firm opening on Thursday, In moderately active trading, dealers said. The Hang Seng Index dropped 0.66 points to close at 427.49. Hongkong Land fell five to HK$6.BO. Jardine Matheoon 10 to $14.60, Hutchison and Weelock Marden 2.50 cents each to $3.28379 words
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Article14 1977-09-16 6 THE Tokyo market was closed yesterday for Respect for the Aged Day holiday.14 words
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Article414 1977-09-16 6 Among minings, uraniums firmed after a weak opening, although Pancontinental closed 10 down at AsB 60. In coals, AAR lost nine to $1.89, while elsewhere, Central Noraeman lost 25 to $5.50 and Mim, Hameraley, CRA and Com Golds were between two and 10 cents firmer. Oils were mixed, with414 words
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Article164 1977-09-16 6 MANILA: The market closed mixed on Thursday, with minings and oils firmer and commercials slightly lower, dealers said. Turnover rose sharply to 10.39 million pesos from Wednesday's 11.54 million. Phi lex and Marindnqu* rose four and one points respectively In minings but ATLAS lost a point. Picop was down164 words
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Article99 1977-09-16 6 SEPT li Bants Asia Fibre 184 -1 Bangkok Bank 385 *8 Bangkok Invest 256 14 Bangkok-Metro-politan Bank Bata 700 10 Berll Jucker 440 unch Charoong Thai Wire 1788 Dumex Duslt Thani Fiber Merlin First Trust 180S 1 Genera Finance 240 10 Indo-Thal Industrial Finance Corp 1295 unch J And99 words
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Article345 1977-09-16 6 AMSTERDAM: The market fell In quiet trading on Wednesday, dealers said. Hoogovens partially recovered Initial losses on unconfirmed reports the company will cut Its work force, closing 0.20 guilders down. Unilever fell 0.60 while Akzo and Philip* were unchanged and Royal Dutch slightly higher Transports and most trading and345 words
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Article157 1977-09-16 6 BRUSSELS: Belgain shares were mostly lower In quiet trading on Wednesday, dealers said. Against the trend, Acec and St Roch rose, while Sofina, Reserve Vieille Montagne, Hoboken, FN. Cockerill, UCB, Arbed and Clabecq all lost ground. Among foreign shares. UK were firm. Germans, French and US were irregular and157 words
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Article223 1977-09-16 6 SEPT 14 Dm Aef-Telefunken Akzo AUz Leben AUz Vers 87 20 25 20 55SB 440 -0.7 -0.1 unch +0.8 BASF Bay H T Wbank Bay Vbank Bayer BBC BMW 152 278 289.50 138 265 223 50 -0.4 unch 1.5 -1.8 unch Cassella Chem Verw Commenbank Conti Oumml 3B6 267B223 words
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Article163 1977-09-16 6 Mil AN: The market closed mixed on Wednesday, with endaccount technical liquidation and some light profit-taking influencing market sentiment, dealers said. Fiat, both Pirelli and Olivetti were leading Industrials to show gains while Anic and Montedison eased and Sola Viscoaa were unchanged. Mediobaaca gained on announcement of free share163 words
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Article336 1977-09-16 6 PARIS. The market advanced in moderate trading on Wednesday, dealers said. Foods and chemicals were strong, with prices In the rest of the market steady except for the generally easier stores sector. US and German stocks recovered from Tuesday's lower levels. Some golds were firmer. SEPT 14 Frs CORBEILLE336 words
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Article103 1977-09-16 6 ZURICH: The market closed mixed on Wednesday, with a firmer bias In fairly active trade, dealers said. Leading banks and Insurances were little changed. Oerlikon Buehrle registered advanced sharply among financial on its proposed capital increase. Pirelli also Improved on its dividend increase and higher earnings, but Motor ColumW»«103 words
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Article188 1977-09-16 6 THE Johannesburg stock market report on Wednesday and the rest of the closing prices were not available from Reuter SEPT 14 Rand INDUSTRIALS A Alpha 105 unch Abercom 207 -3 AE And CI 210 unch AMIC 885 -5 Barlows 320 +2 CgSugar 585 -S CNA 140 unch Currle Finance188 words
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Article314 1977-09-16 6 TORONTO: The market closed firmer on Wednesday, with the composite Index recovering an opening loss of 1.5 points to end one point higher. Declines outnumber advances 1M to 178. Provigo rose IS4 to 14 V New Bruniwick Td fell S to 19V Trizec dropped S to 9H, Canadian Pacific314 words
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Article1201 1977-09-16 6 NEW YORK: Wall Street went through another see-saw session on Wednesday and wound up with minor gains In light trading on the New York Stock Exchange. Prices weakened right after the opening bell as investors dealt with a prime rate Increase to 7* per cent from seven per1,201 words
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Article73 1977-09-16 6 FINANCIAL TIMES INDUSTRIALS Wednesday 549 2 Tuesday 535 1 Week Ago 534 2 DOW JONES AVERAGE INDUSTRIALS Wednesday 858 71 Tuesday 854 56 Week Ago 878 39 LONDON DOLLAR PREMIUM Wednesday 88* to 8»^« Tuesday 88% to 89*. H.K. HANG SENG Wednesday 428 15 Tuesday 427.75 Week Ago 42773 words
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Article65 1977-09-16 6 Reuter ZURICH, Thurs. Elektrowatt AO plans to float an 80 million franc option loan during October, banking sources said. The company earlier this week, said it planned to raise its capital by 60 million francs to 250 million to allow for such loans Current shareholders will beReuter - 65 words
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Article60 1977-09-16 6 Reuter LONDON, Thurs. The Bank of England said the issue of £1 billion 12 per cent Treasury stock 1995, £800 million of which was offered for sale to the public, was oversubscribed. Basis of allotments will be announced later. The stock was offered at £96V* per cent withReuter - 60 words
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Page 6 Advertisements
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Advertisement159 1977-09-16 6 #p#W#Pvm rag THE JOB: to refine and correct stories, giving them their polish before publication. to write compelling and incisive headlines. to arrange headlines and stories attractively on a page. THE REQUIREMENTS; a high standard of English, preferably to University entrance level. a close attention to detail sub editors should159 words
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TRANSPORT AND COMMUNICATIONS
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215 1977-09-16 7 KUALA LUMPUR, Thurs. Malaysian businessmen travelling with British Airways to the United States are offered special reduced rate accommodation at any of the 170 Hilton hotels In the US The exclusive arrangment was made between British Airways and the Hilton for the215 words
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Article100 1977-09-16 7 Reuter BRUSSELS, Thurs. Production of the General Dynamics Corp F-16 fighter plane could become more expensive for Denmark, Belgium, Holland and Norway under a Common Market ruling Issued yesterday, Informed EEC sources said. An EEC Commission spokesman said the commission has told all the nineReuter - 100 words
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Article1149 1977-09-16 7 TERESA LIM - By TERESA LIM THE Far Eastern Freight Conference »(FEFC) has been the brunt of many accusations of monopoly and even ruthlessness, and with the results of Its total trade figures for 1976 released, criticism has not diminished. Total trade carried by the FEFC's member1,149 words
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272 1977-09-16 7 Reuter FRANKFURT, Thurs. Daimler-Benz car production this year up to the end of August totalled 263,000, 10 per cent above the same 1976 period, managing board chairman Joachim Zahn told a press conference. He repeated Daimler's earlier forecast that car production this year willReuter - 272 words
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Article71 1977-09-16 7 Far East-Levlngston Shipbuilding launched the first of two multi-purpose craneshlps on Wednesday. The owners of the ships are Northern Offshore and Swire Pacific Offshore Services. The vessels, which are scheduled for delivery by the end of the year, are designed and equipped with a comprehensive range of equipment71 words
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Article, Illustration378 1977-09-16 7 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aegis Practic (0530 hauls 14m East-after Kyosel Maru) 35/36 Black Whale (0700 after Barguzin) (Subject freeboard) 27/28 Horn (3EPQ) (1700 subject freeboard) 29/30 Kim Ann (0530 hauls after Vlshva Chetana hauls) 6/7 Kota Bali (1500) 42/43 Labinsk (after Jade Bay)3/4 Main Lloyd (after378 words
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210 1977-09-16 7 Reuter FRANKFURT, Thurs. Foreign car manufacturers' subsidiaries Saab Deutschland, Chrysler Deutschland and Deutsche Renault all expect Increased sales In West Germany this year, they said ahead of the International motor show here. Saab Deutschland expects 1977 sales to rise to around 1,800 vehiclesReuter - 210 words
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Article167 1977-09-16 7 Reuter TOKYO, Thurs. Toyo Kogyo Co said Its vehicle exports In August rose 32.6 per cent to 48,216 units over the same month last year. The August exports, Including 32,084 cars, were boosted by significant gains In shipments to the United States, West Germany andReuter - 167 words
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Article66 1977-09-16 7 UPT MONTREAL, Thurs. North Korea will become the International Civil Aviation Organisation's 141 st member nation. North Korea, which is not a member of the United Nations, will be formally Installed as a member today, an ICAO spokesman said. The delegation to the world aviation regulatoryUPT - 66 words
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240 1977-09-16 7 AFP HONGKONG, Thurs. The Government is now studying recommendations to build a second airport for Hongkong on the offshore island of Lantau to further boost this colony as an international air crossroad. The recommendations were made by the airport advisory board headed by theAFP - 240 words
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Article67 1977-09-16 7 Reuter DEARBORN, (Michigan), Thurs. Ford Motor said it Is expanding Its warranty coverage for all 1978 Ford and Lincoln Mercury cars and Ford light trucks to Include required service adjustments for 12 months or 19.200 km. The company said coverage for 12 months or 19,200 km Is extendedReuter - 67 words
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Article595 1977-09-16 7 ARRIVALS t Scrvioe Local Operator Number Time From KAL KE807 0015 SEL CAL CI 331 0040 TPE/HKQ/KUL SIA SQ582 0250 MAA/CMB MAS MH682 0810 KCH PAN PA847 0810 SFO/HNL/OUM OIA OAdOO 1000 HLP OIA GA980 1030 HLP SIA SQ211 1045 HLP OIA OA944 1055 PKU OIA OA595 words
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Article192 1977-09-16 7 AP LONDON, Thurs. Although considerably brisker than last week, chartering remained Insufficient yesterday to make an Impression on the huge tonnage surfeit. Consequently, shipowners Invariably had to accept rates showing no Improvement on prevailing low levels. Grain Interest particularly concentrated In the Great Lakes-St. Lawrence origin whereAP - 192 words
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Advertisement43 1977-09-16 7 MERLION SHIPPING AGENCY PTE. LTD SPECIALISED SHIPPING SERVICES WORLD WIDE REEFER CHARTERS HEAVY LIFT RO-RO VESSELS OFF SHORE SUPPLIES SERVICES CREW ROSTER AND MANAGEMENT LINER SHIPPING SERVICES FOR MORE DETAILS RING *****44 OR CALL AT: 1101-B MARINA HOUSE 70 SHENTON WAY SINGAPORE 243 words
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Advertisement33 1977-09-16 7 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment* -daily telegraph li m 'For the second time -the book you can't put down' -DAILY MAIL READ THE BOOK SEE THE FILM33 words
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1588 1977-09-16 8 DILIP MUKERJEE - By DILIP MUKERJEE THE BRITISH trade unions may be strong on socialism, but not on compassion. At the annual TUC conference In Blackpool last week, they Joined the outcry now being raised by management and workers alike In many Industrial nations against developing countries for1,588 words
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Article, Illustration578 1977-09-16 8 VINCENTE MALIWANAG - By VINCENTE MALIWANAG UPI GENTING HIGHLANDS: High up In the clouds on a mountalntop ringed by virgin forests sits Malaysia's blockbuster tourist attraction. In the Msl2o million Genting Highlands resort complex spilling over 4,850 hectares, visitors can live It up gambling, golfing, boating, swimming, horse-back ridingUPI - 578 words
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Article1054 1977-09-16 8 WONG SULONG - Malaysia's national oil company is coming under increasing pressure to push production ahead as fast as possible. Expectations have been inflated, and many individual Malaysians as well as state governments are anxious to get their hands on the oil money. WONG SULONG reports. WONG SULONGFT - 1,054 words
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855 1977-09-16 8 GRANVILLE WATTS - By GRANVILLE WATTS Reuter EVERY day the great supertankers from Japan churn past Singapore into the narrow Straits of Malacca, one of the world's busiest waterways, on their way to collect oil from West Asia. They return so heavy and low in the waterReuter - 855 words
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Page 8 Advertisements
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Advertisement152 1977-09-16 8 GAMBLERS HANDBOOK fjs for** SP Pl^ rF L Ca 7* ?n r H 16/= by E. Lenox Figgis F.C.A. A practical handbook explaining how betting takes place on the world's most popular betting pastimes, including horses, dogs, football pools, sporting events, casino games, such as craps, roulette, etc., sweepstakes, lotteries,152 words
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COMMODITY REPORTS AND PRICES
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Article297 1977-09-16 9 LONDON, Thurs. Rubber futures finished the morning officially uncertain after easy with prices about 1.60 to 0.30 pence lower. Turnover totalled 361 lots including 20 options. KeTb business accounted for 12 lots including three of the options. The terminal drifted lower throughout the morning in dull trading297 words
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Article315 1977-09-16 9 HONGKONG, Thurs. The cotton futures market closed easier, and at the day's lows In active trading, dealers said. However, commission house buying throughout the session, together with trade house shortcoverlng towards the close, restricted the losses, they said. July closed 0.57 US cents lower on commission house new315 words
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Article108 1977-09-16 9 LONDON, Thurs. Pepper prices yesterday closed unchanged from Tuesday. In NEW YORK on Tuesday, the cash pepper market remained quiet with dealers reporting no price changes. They noted that some business was reported from Europe, but said volumes were not sufficient to affect local market prices. (In US cents108 words
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Article210 1977-09-16 9 BANGKOK, Thurs. Indicative i *tces quoted here today wer» unchanged for yesterday. (US dollars «r tonne fob basts Bangkok) White Rice: 10U pet Ist class 308. 100 pet 2nd 292. 100 pet 3rd 288, 5 pet 277, 10 pet 255. 15 pet 252. 20 pet 249. 25 pet 240.210 words
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Article73 1977-09-16 9 CM >" Ki>i ifMam US dollars per ton LONDON Wpdne«da> Prr\ ious Malaysia 5*. (fa bulk 435 sir 435 sir Nov Sumatra 5% ffa Sept 510 sir 510 sir Oct 460 sir 452 50 sir Nov 462 50 sir 432 50 pd Dec 435 sir 425 sff Jail73 words
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Article670 1977-09-16 9 LONDON, Thurs. Coffee futures finished the opening call mostly £50 to £22.50 per tonne higher on turnover totalling 291 lots. Trade sources said the market had moved in line with expectations following overnight gains in New York. They also said that expectations of a smaller Ivory Coast coffee crop670 words
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Article239 1977-09-16 9 CHICAGO, Thurs. Soybean futures yesterday declined in early trading and showed a loss of 14 cents in the September and losses of nine to 7-Vi cents a bushel in other months after the first hour of the session. Weather news was the most significant market feature as selling was239 words
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MONEY AND EXCHANGES
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Article236 1977-09-16 9 NEW YORK, Thurs. The US dollar weakened against major currencies In light trading, influenced by the New York Federal Reserve Bank's action in the government securities market, dealers said. The Fed intervened to supply banking reserves when federal funds were trading at 6-3/16 per cent, below the 6-1/4236 words
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Article194 1977-09-16 9 LONDON, Thurs. Currencies were quiet In early trading with sterling lower on technical adjustment factors and the dollar losing ground against European currencies, reflecting a slight softening of Eurodollar rates, dealers said. Spot sterling held at U551.7437/ 39 against 1.7440/ 42 overnight after an early Indication of 1.7438/ 40,194 words
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Article52 1977-09-16 9 AUSTRALIA/NZ exchanges quotes on Sept 15: Australia: Sterling 6362/ 6294 US dollar 1.1060/1.1012 Ninety-day air mall buying rates Sterling .6518 US dollar 1.1310 Ninety-day forward buying rates: Sterling 8291 US dollar ***** New Zealand: Sterling 0 5561 0 5530 US dollar 0.9745/0.9645 Ninety-day forward rate: Sterling 0.5660 US dollar52 words
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Article55 1977-09-16 9 ZURICH exchanges closing quotes on Sept 14: US 2 3903-3910 UK 4 1666-1703 Can 2 2266-2279 W Orm 102 52-57 Nrth 96 80-89 France 48 35-37 Belg 6 65--66 Denm 38.61-63 Norw 43.46-51 Swed 49 11-13 Italy 0 2701-2703 Austria 14 42-44 Port 5 88-90 Bpaln 2 83-84 Arg55 words
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Article248 1977-09-16 9 Euro rates LONDON, Thurs. Eurodollar deposits opened generally easier, extending the softer trend that developed In late trading yesterday, with sentiment affected by the New York Federal Reserve Bank's action to Inject temporary reserves Into the banking system through repurchase agreements, dealers said. The Fed's Intervention caused speculation that the248 words
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Article94 1977-09-16 9 HONOKONO, Thurs. The US dollar was slightly higher than New York levels In very quiet trading, with the Japanese, Singapore and Malaysian markets closed today, dealers said. The US unit rose to HK)4.6640/50 from yesterday's 4.6595/05 and to DM2.3280/90 and 266.95/10 yen from 2.3272/83 and 266.81/95 respectively In New94 words
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Article33 1977-09-16 9 FRANKFURT exchanges opening quotes on Sept 15: Can 2.1670/60 UK 4 056/066 Neth 94.36/46 Bwlts 67.43/53 Italy 2.626/636 Prance 47.15/25 Norw 42.36/46 Belg (fin) 6 46/47 Belg (com) 6.476/486 Japan 0 8718/2833 words
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Article327 1977-09-16 9 LONDON, Thurs. US dollar bonds were up to V» point higher In seasoned maturities and up to K point higher among more recent issues In active trading, dealers said. US convertibles were mixed and In initial dealings Sumitomo electrical six per cent 1992 opened around 97,98 after being priced327 words
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Article587 1977-09-16 9 LONDON, Thurs. Opening call for terminal sugar prices were £0.55 up from yesterday's close (August at £133.65) to unchanged although modestly below steadier overnight kerb levels. But open trading was quiet with little fresh feature, market sources said. News of an Iran buying tender over the weekend for three587 words
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Article190 1977-09-16 9 LONDON. Thurs. Tin fell this morning by £60 for" cash and £65 for Three Months standard and by £55 and £75 respectively for high grade. Dealers said the holiday in Penang and general lack of fresh physical demand Induced some stale bull liquidation which took Three Months standard190 words
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Article285 1977-09-16 9 LONDON, Thurs. Silver finished the morning with gains of 0.1 to 0.5 pence per troy ounce. The general trend in base metals and relatively steady S)ld were underpinning lnuences on a market still lacking fresh Incentives, dealers said. Three Months traded up to 280.2 pence on sales of 105285 words
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Article376 1977-09-16 9 LONDON, Thurs. Copper finished with gains of £2.00 for cash and £3.00 for Three Months. The rally in US futures, relatively steady gold and some Far Eastern physical demand were the main supporting factors, dealers Three Months traded up to £693 per tonne on the pre-market but profittaking took376 words
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Article98 1977-09-16 9 LONDON, Thurs. Lead closed the morning with gains of £5.50 for cash and £5 for Three Months. The pick-up In copper and an Asarco report highlighting the current tight lead supply position boosted sentiment and sparked Improved fresh buying support, dealers said. Three Months traded up to £335 per98 words
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Article95 1977-09-16 9 LONDON, Thurs. Zinc gained £0.75 for cash and £2.50 for Three Months. The trends In copper and lead encouraged broader fresh buying on a market still lacking significant consumer offtake, dealers said. Three Months rose to £303 per tonne but soon slipped back to £301 under modest proflttaklng. Sales95 words
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Article425 1977-09-16 9 LONDON, Thurs. Terminal cocoa staged a £40 limit advance at the opening call, basis near December at £2,562 traded and bid, and continued to harden in special call trading. Gains at limit in other traded positions apart from the unrestricted spot September ranged from £34 to £31.50. Dealers attributed425 words
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Article148 1977-09-16 9 CHICAGO, Thurs. Wheat futures yesterday lost most of Its previous gains In early trading and showed losses of 4-1/2 to 3-1/4 cents a bushel after the first hour of the session. Weaknesses In other pits was a contributing influence but traders said the decline came on liquidation and speculative148 words
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Article244 1977-09-16 9 HONOKONO, Thurs. Gold closed HKS2.6O higher at $824.00 per tael, while the International gold price closed at US$l4B.OO- (U*****.50U*****.80) an ounce, dealers said. The market opened higher following the firmer closing on the US markets and then turned very steady with marginal changes between $824.40 and $823.10 in quiet244 words
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Article259 1977-09-16 9 Reuter TAIPEH, Thurs. Taiwan Is to increase Its grain Surchases from the United tates this year because of an expected drop In maize Imports from Thailand, the Central News Agency reported. The agency quoted the Board of Foreign Trade as saying that grainReuter - 259 words
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Article245 1977-09-16 9 AFP Reuter NEW YORK, Thurs. US steel mills turned out a total of 2,287,000 tons of steel during the week ended Sept 11, down from the 2,375,000 tons produced during the previous week, It was announced here. Production since the start of the year hasAFP; Reuter - 245 words
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185 1977-09-16 9 Reuter LONDON, Thurs. World output of palm kernel oil in the marketing year ending this month climbed to a record 554,000 tonnes, the Hamburg based weekly publication, Oil World, estimates. Its latest issue says this represents an increase of 36,000 tonnes or 6.9 perReuter - 185 words
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Advertisement316 1977-09-16 9 from Penguin LI IN PENGUINS u Yukio Mishima firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western materialism. Disillusioned he astonished the world 1 in 1970 by committing hara-kiri or ritual suicide by disembowelment. One of his last wofks, Runaway Horses, is316 words
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298 1977-09-16 10 THE arrival yesterday of the first of six Boeing *****0s, which Singapore Airlines will take under Its wing Illustrates the national airline's continuing exercise In fleet modernisation. Apart from delivery of these, together with spares and training equipment by March next year298 words
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252 1977-09-16 10 AFP JAKARTA, Thurs. Industrialisation in Indonesia has brought misfortunes to the people in the form of pollution, it was reported here today. Major rivers in Jakarta, Semarang and Surabaya and Palembang are polluted daily by Industrial wastes dumped by factories and chemical plants which nowAFP - 252 words
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Article232 1977-09-16 10 Reuter MANILA, Thurs. The Energy Development Board, confirming that oil has been found in at least two exploratory welts off the western island of Palawan, says they are still undergoing thorough evaluation. The statement Issued last night was apparently designed to dampen speculation following IndustryReuter - 232 words
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Article753 1977-09-16 10 LONDON, Thurs. Government bonds advanced strongly today with market sentiment boosted by the oversubscription for the new long tap stock, dealers said. Long-dated government bonds extended opening gains by around point to close up to 1* firmer while Shoyoa gained up to H following better than expected British753 words
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567 1977-09-16 10 THE United States looks set to maintain Its position as the leading foreign investor In the manufacturing sector In Singapore. The prospects are that the level of new US Investments should rise this year, and the Economic Development Board Is optimistic that this will be567 words
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491 1977-09-16 10 KUALA LUMPUR, Thurs. The government has been urged to Introduce a tax Indexation system In the 1978 budget which would enable taxpayers to make adjustments for inflation. The proposal was made by the Malaysian Trades Union Congress In a memorandum submitted to the491 words
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149 1977-09-16 10 Reuter MANILA, Thurs. The Central Bank is considering allowing a restructuring and possible repayment deferral of loans obtained from the government banks to build 14 new luxury hotels In Manila last year, bank governor Oregorlo Llcaros said today. Speaking to newsmen, he saidReuter - 149 words
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308 1977-09-16 10 Reuter MANILA, Thurs. Inflation in the Philippines is now running at annual rate of between 8 and 9 per cent, but its trade position was Improving, Central Bank governor Oregorio Llcaros said today. Speaking to newsmen he said the inflation was still well below theReuter - 308 words
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Article186 1977-09-16 10 Reuter UUXEMBOURO, Thurs. The new multi-fibres agreement (MFA) being negotiated In Geneva must avoid the damaging effect its predecessor had on the European Community's textile Industry, Irish EuroCan Progressive Democrat P Michael Herbert told the European Parliament here. Mr. Herbert said the present MFA had resulUKlReuter - 186 words
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284 1977-09-16 10 Reuter FRANKFURT, Thurs. The government'! economic stimulus package should enable German unions to ask for lower wage rises than this year in the coming round of lt7B wage talks, the Bundesbank said in this monthly report. "The unions should not And it too hardReuter - 284 words
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Article142 1977-09-16 10 AFP MANILA, Thurs. Singapore has the highest per capita gross national product among the flveme.nber Asean U552,450 (Ss6 000) according to the World Bank's annual report published today. The report on the per capita QNP of the Asean states was based on the region's populationAFP - 142 words
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377 1977-09-16 10 Reuter FRANKFURT, Thurs. The Bundesbank said the main reasons for lower than expected German economic growth this year are slack foreign demand and a fall In German Investment. In its latest monthly report. It said this year's economic growth will probably beReuter - 377 words
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221 1977-09-16 10 UPI FRANKFURT, Thurs. West German Economics Minister Hans Friderichs today opened the Frankfurt International Automobile Show with a call for an acceleration of the Republic's economic growth. Mr. Friderichs, who will resign his Cabinet post shortly to join the management of Dresdner Bank, WestUPI - 221 words
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352 1977-09-16 10 Reuter LONDON, Thurs. A decision to allow Britain's Laker Airways to use Gatwlck Airport near London for its cheap walkon Skytraln service to New York has cleared the way for an Intense battle between Laker and six major world airlines. The CivilReuter - 352 words
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Article110 1977-09-16 10 MOBIL Oil Singapore, for the seventh year running, will today present awards to the top three students from the University of Singapore for their scholastic achievements. The recipients will be Mr. Leong Slew Kong for topping the final year business administration class for 1976/77, Mr.110 words
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Advertisement208 1977-09-16 10 SEE PAGE 2 Why everyone wants to copy our copier Until now, a good quality copy was a question of price. The only way to obtain a clear, sharp, deep black copy was to invest in an expensive plain paper copier. Then came our Omega 303 an electrostatic copier that208 words
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