The Business Times, 4 October 1976
1976-10-04
1
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The Business Times
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Title Section10 1976-10-04 1 BUSINESS TIMES M.C.(P) 1455/76 MONDAY, OCTOBER 4, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article102 1976-10-04 1 AP SALISBURY, Sun Police manning road blocks between downtown Salisbury and the international airport today were turning away thousands of supporters of Bishop Abel Muzorewa, the black nationalist leader who was to return here after more than a year In self-exile. African Bishop Muzorewa's return comes as theAP - 102 words
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Article77 1976-10-04 1 AP KUWAIT, Sun. The French Petroleum Institute has turned In a favourable feasibility report on a billion dollar petrochemical complex planned by Kuwait and Romania on the Red Sea coast, oil ministry officials here said today. The report covers only the first of three stages envisioned forAP - 77 words
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Article79 1976-10-04 1 Reuter JAKARTA, Sun. The Governor of Jakarta, Lt. Gen. Ai Sadikan, has asked the Central Gbvernment to compensate the city for a loss In revenue suffered by the capital administration this year as a result of new Government policy. The Jakarta administration was losing 8,000 million rupiahs (aboutReuter - 79 words
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Article66 1976-10-04 1 UPI TOKYO, Sun. Demonstrators protesting the new international airport at Narita City 37 miles northeast of Tokyo today clashed with 4,000 riot police mobilised by authorities to protect the airport. Police announced that 62 persons, including 10 women, were arrested, and two officers were injured. TheUPI - 66 words
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Article71 1976-10-04 1 Reuter MANILA, Sun. A special envoy of United Nations Secretary General Kurt Waldheim is attending the joint annual meeting of the International Monetary fund and World Bank to try to rustle up special aid funds for the reconstruction of Vietnam, UN sources said tonight. TheyReuter - 71 words
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Article64 1976-10-04 1 UPI HONG KONG, Sun. Chase Asia Ltd. has lined up a multi-million dollar loan for a Philippine company engaged In the mining and processing of copper ore, it was announced today. The Hongkong-based merchant bank has syndicated a US$25 million ($61.25 million) loan to WesternUPI - 64 words
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Article54 1976-10-04 1 Reuter AUCKLAND, Sun Hundreds of Aucklanders today entertained sailors from the United States' nuclear-powered warship Long Beach in their homes, while 2,000 people demonstrated against its visit here. Port workers began a dock strike yesterday when the 17,000-ton warship anchored In Auckland harbour at the start of aReuter - 54 words
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Article41 1976-10-04 1 THE Commonwealth Secretary-General, Mr. Shridath S. Ramphal, arrived In Singapore yesterday for a three-day visit. Mr. Ramphal will hold talks with Mr. Lee Kuan Yew. He will address the Commonwealth Broadcasting Union conference at the Hyatt Hotel today.41 words
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Article100 1976-10-04 1 'I'HE following list of stocks gives the ten most dealt L in last week. It gives the turnover, closing prices on Friday and high and low for 1976. Company Turnover Prices High Low '000 Oct. 1 1976 U.O.B. 1,436 $4.10 $5.40 $3.66 Sime Darby 835 $3.80 $4.18100 words
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LOCAL STOCK INDICES
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Article69 1976-10-04 1 Sept. 27 Sept. 28 Sept. 29 Sept. 30 Oct. 1 ++B.T. Index: 280.62 277.87 268.42 269.44 272.22 'Indus trials: 271.39 270.45 266.66 267.35 269.14 g Finance: 477.03 473.99 466.38 467.99 470.32 "Hotels: 156.16 155.70 155.37 155.70 155.70 •Properties: 153.43 152.8«> 151.88 152.11 152.42 +Tina: 97.23 97.23 96.70 96.70 96.7069 words
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Article73 1976-10-04 1 Sept. 27 Sept. 28 Sept. 29 Sept. 30 Oct. 1 'Industrials: Cloeed 286.57 284.24 283.98 285.37 «i Finance: Cloeed 402.75 394.48 394.38 395.78 ••Hotels: Cloeed 171.06 171.05 171.06 171.06 •Properties: Cloeed 152.76 151.13 152.47 155.11 tTias: Cloeed 94.69 94.24 93.98 93.96 t$ rubbers: Cloeed 297.56 296.12 296.31 296.59 t+Jan.73 words
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Article807 1976-10-04 1 ONG LICK KEONG - CONSUMER SPENDING, NEW MARTS THE REASONS h ONG LICK KEONG THE electronics Industry which came back strongly from the downswing of last year is expected to continue its climb in the growth league until next year at least. And its growth will be more stable807 words
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Article150 1976-10-04 1 MANILA. Sun. Low income nations need additional concessional assistance and middle Income countries need increased flow of funds from both public and private sources, an international body announced here today. The Joint development committee of the World Bank and the International Monetary Fund (IMF), said150 words
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802 1976-10-04 1 SOH TUNG KING - SOH TUNG KING A HECTIC round of weekend discussions, centring on world monetary reform and the vociferous demand by developing nations for more financial aid, provided the preamble to tomorrow's opening of the Joint meeting of the International Monetary-Fund and the World802 words
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Article564 1976-10-04 1 KUALA LUMPUR, Sun. Senator Rafldah Aziz says the Malaysian Government is unhappy with the way some of the public enterprises are being run and promises that there will be a complete shake-up. The changes will range from reconstituting the boards of directors to complete revamping564 words
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Article27 1976-10-04 1 AP BRUSSELB, Sun. The Common Market Commission yesterday expressed regret over the Italian Government's intention to levy a special tax on foreign exchange dealings. —APAP - 27 words
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Article249 1976-10-04 1 THE Development Bank of Singapore, United Overseas Bank and DBS-Daiwa Securities International have been invited to join the management group for the European Investment Bank's US$3O million (8573.5 million) bond issue. This was announced by the lead managers for the issue, Morgan Grenfeil Asia249 words
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Article63 1976-10-04 1 A TOTAL of 350 delegates from 30 countries will attend the first International Tinplate Conference In London opening, tomorrow organised by the Tin Research Institute, funded by Malaysia, Thailand. Indonesia and Bolivia among others. The four-day conference, to be opened by Mr. Paul Leong the Malaysian Deputy Minister63 words
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Article533 1976-10-04 1 SINGAPORE seems headed for a narrowing of lis visible trade deficit, If current trends indicated in the statistics of trade for the first eight months of the year maintain their momentum. From a reading of the figures issued by the Department of Statistics, Singapore's export growth533 words
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Article131 1976-10-04 1 Reuter BONN, Sun. West Germans began voting today in the general elections for the country's eighth Bundestag (Lower House) after the most vitriolic election campaign since World War Two. The last opinion polls indicated a narrow win for Chancellor Helmut Schmidt's ruling left-liberal coalition, but the conservativeReuter - 131 words
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Page 1 Advertisements
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Advertisement42 1976-10-04 1 and Finance (Singapore) Limited ll lllOSi Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel *****7. Leisure/TV A Radio Leisure Foreign News Features Local/International Pr 2 Co. News p Overseas Market Kf 3 Commodity P| 5 Features Pg 6 Sports Features42 words
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Advertisement101 1976-10-04 1 Banking services? ACBC makes it easy. ACBC has the resources, the expertise and the experience. And it all adds up to making banking easy for you. On a complete range of banking services. Both domestic and international! You'll find our people easy to talk to. You'll like the simple direct101 words
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Advertisement145 1976-10-04 1 W Cooi XSZ, A —i* J Only 2.5 mm thick. And automatic. GOLDEN SHADOW 1« et wtvte goM Bet *****8 0411 With a 48-hour power reserve. Over 150 precision parts, that make up the movement, ingeniously fitted into a space no larger than a silver coin. The Golden Shadow. The145 words
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REVIEWS
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814 1976-10-04 2 Lawrence Tan - By Lawrence Tan "BARRY LYNDON" is a curious experience indeed. It is also remarkably beautiful film. Quite literally so. As the film opens, one is •truck at once by the sheer beauty of composition of the first scene. And that is814 words
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Article, Illustration897 1976-10-04 2 MUSICAL MOMENTS FOR C.K.T. AS HE TALKS TO MUSIC STARTING out on cluilcal music? Very good. Indeed. Symphonies, operas, concertos. Sonatas, oratorios, lleder. Splendid. Can I Interest you In this why, the most famous four notes in the entire classical repertory, maybe. Beethoven's Symphony No. 5 In897 words
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607 1976-10-04 2 CONSTANCE - By CONSTANCE SHEARES: Curator, National Museum THE National Museum's "Colour" Exhibition opened In Its new Art Gallery last Friday, and will remain on view until the end of the month. Altogether, 79 works by 38 artists working In Singapore were selected out607 words
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1141 1976-10-04 3 TERESA LIM - BOOKS TERESA LIM Title: A New Air Transport Policy for the North AUaatic. Author: Jesae Friedman. Publisher: Atheaoum THE North Atlantic system lies at the crucial centre of world air transport. Almost one-third of all International air travel moves on this1,141 words
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988 1976-10-04 3 PADRAIC FALLON - By PADRAIC FALLON: Editor, Euromooey TWO THOUSAND and four hundred kilometres away from Singapore, on the far side of the South China Sea, a group of people who control asaeU In excess of US$BOO billion are meeting In Manila. They are the world's bankers988 words
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Page 2 Advertisements
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Advertisement410 1976-10-04 2 Ice to.water in 40 minutes under ordinary glass lee to water in I hour 25 minutes under ordinary glass with Seotchtint UN* m Without Scotchtint r- With Scotchtint Here's your proof: 3M Scotchtint reduces the sun's heat by more than 75,% We put 3M's Scotchtint Solar Control Film to the410 words
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Advertisement277 1976-10-04 2 The great outdoors: we're out there all the time. Globe art studio Outdoor advertising has been our business for 40 years. And we've handled just about anything under the sun. Exhibitions, conventions, in-store displays, van design, outdoor signs, hoardings, banners and bus panels. And even T-shirts, giveaways and P.O.S.* novelties.277 words
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Page 2 Miscellaneous
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Miscellaneous256 1976-10-04 2 SINGAPORE 5 3.00 PM Opening Announcements followed by Valar Pirai (Tamil) 330 Diary of Events (Tamil) 335 General Hospital 4.15 A Place To Live 430 Intermission 6.05 Opening Announcements followed by C9OI McCool* 630 News In Brief 635 Have Gun Will Travel "Black Sheep" 7.05 Waterworld* 730 News in Malay*256 words
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Page 3 Advertisements
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Advertisement63 1976-10-04 3 savours of Olde Englopd Lunch or dine in a grill room that savours of Olde England with food just as savoury. An ideal place to combine business with pleasure cosy and private. English-manner service too. Ask for the Executive Lunch or any speciality from our new ala carte menu. Lunch:63 words
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Advertisement116 1976-10-04 3 Dataorep's System combines the power of DATA GENERAL'S Eclipse Computer ana BUNKER RAMOS Savings and Commercial Banking Terminals. CRT display-stations, passbook printer, document printer, credit-card readers and customeridentification device all under the control of a mini-computer. This unique system will be on-line to all branches, using high-speed communication for instantaneous116 words
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Page 4 Advertisements
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Advertisement655 1976-10-04 4 GROUND FLOOR GIRLS' PRINTED COTTON BLOUSES (ASST. DESIGNS SIZES) A 1 > GIRLS' TIE/DYE WRAP AROUND SKIRT (FREE SIZE) I .5 *Sc& m i* GIRLS' BATIK SHORT DRESSES ASST. COLOURS A SIZES) 5.90 PEN LIGHTERS: "BRAUN"CONSUL GAS LIGHTERS 4.90 CROSS 14K GOLD-FILLED BALL PEN (1502) 24.90 CAMERAS: AGFA-AUTOSTAR X 126655 words
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343 1976-10-04 5 UPI PARIS, Sun An international conference protesting the "polltization" of United Nations agencies yesterday heard emotional proposals that intellectuals drop their support of Unesco and create a rival Unesco. An estimated 160 intellectuals. diplomats and labour leaders from 25 countries opened the second annualUPI - 343 words
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Article, Illustration370 1976-10-04 5 ROW OVER "OBSCENE JOKE' ABOUT U.S. BLACKS Reuter WASHINGTON, Sun Pressure mounted on President Ford today to sack Secretary of Agriculture Earl Butz for making an obscene and scatological Joke about American blacks. Leading members of the President's own Republican Party sided yesterday withReuter - 370 words
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188 1976-10-04 5 Reuter LONDON, Sun. Nigeria ia taking a 60 per cant share in all foreign-owned banks in the country, Lagos radio reported yesterday. Under the agreement signed in Lagos, the Government will acquire 60 per cent equity shares, but will not interfere in theReuter - 188 words
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Article46 1976-10-04 5 UPI TOKYO, Sun Tokyo's consumer price index rose by 2.8 per cent irf September, the second highest leap for any month in the city's history, the govenment announced on Friday. The disclosure spurred fears that Japan is in for another round of Inflation.UPI - 46 words
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627 1976-10-04 5 A SUBSIDIARY of the Reed International Group of the UK has invested 91.3 million in a Jurong factory for the manufacture of plastic pipes. Mr. Alexander Jarratt, chairman and chief executive of the group (one of Britain's top 10 corporations) said this at an interview627 words
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Article361 1976-10-04 5 Reuter ROME, Sun. A package of drastic emergency measures, announced by the minority Christian Democrat Government last night, today appeared to have won vital approval from Italy's powerful Communist Party. Prime Minister Oiulio Andreotti told the nation in a life television address last night that itsReuter - 361 words
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262 1976-10-04 5 Reuter JAKARTA, Sun. Indonesian oil circles are hoping that exploration for fresh oilfields will resume within a year or two, but a Jakarta paper warned today that the effects of the current lull In exploration may be felt until 1980. Foreign oil sources haveReuter - 262 words
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Article86 1976-10-04 5 Reuter JAKARTA. Sun. A 15member Malaysian trade minion will visit Indonesia for two weeks starting oa Oct. 10, the Indonesian Chamber of Commerce and Industry said today. The mission, led by Raja Nasron Ishak, a Member of Parliament, will first visit north, central and west SumatraReuter - 86 words
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Article149 1976-10-04 5 4 SERIES of large-scale international exhibitions will be staged In Singapore in the next few months. These include ENEX on electrical and electronic equipment next month, INDEC 77 on Indian engineering in January, the International Boat Show In June and INNAC 77 on Biaterlals149 words
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139 1976-10-04 5 AP BANGKOK Sun. Thailand has slipped to the fourth spot as a tourist attraction in South-east Asia, lagging behind Hongkong, Singapore and Malaysia. officials of the Tourist Organisation of Thailand (TOT) said yesterday. They said that social and political troubles in the country areAP - 139 words
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Page 5 Advertisements
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Advertisement141 1976-10-04 5 V :v 4 HHHHHHHHHHBHHHHHHhI Keith Kanaga, Manager, Corporate Leading, diaamet finance for a client project with lihak bin Abdul Hanud (left). Corporate Leading Officer and Dr. Lee Chee Kuon, Corporate Finance Officer. WE HAVE THE ANSWERS. We command access to Malaysian' and world capital markets and Merchant Banking expertise covering141 words
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Advertisement336 1976-10-04 5 COPYING BREAK-THROUGH on ordinary paper Ricoh si -■J i X: iff w„. DT-1200 reliablity ahead of its time We have all been waiting for it Now it's here. j. I The outstanding DT-1200 introduces a technological break-through into office copying machine reliability. This stylish compact unit uses the advanced Toner336 words
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2512 1976-10-04 6 MARTIN LIM - By MARTIN LIM I<V| interim results, released a week ago, indicate that 1976 Is going to be a disappointing year for Oversea-Chinese Banking Corporation. Reporting a marginal drop tn the bank's net profit from $11.19 million to $11.12 million in the2,512 words
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Article246 1976-10-04 6 HARIMAU Investments has achieved a turnround of $557,985 to a group pre-tax profit of $408,052 for the first six months ended June 30, 1978. But after a high tax provision of $455,580 against $282,613 last time, Harlmau suffered a net loss of $49,528 compared with246 words
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690 1976-10-04 6 THE Pan Malaysia Cement Works group Is bracing Itself for a difficult time In the current year as It fears that the Malaysian and Singapore cement market Is moving into a surplus situation. One of the largest cement producers on both sides690 words
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Article129 1976-10-04 6 FOR the year ended June 30, 1978, Synthetic Resins has reported a 80 per cent reduction In pre-tax losses to M 8872.541 an Mies up from 97.72 million to 812.97 million. Losses are after writing off pre-production expenses of 8118,872. A similar amount was written off129 words
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Page 6 Advertisements
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Advertisement487 1976-10-04 6 We Cover. The World Who Are We? We are professional insurance brokers and consultants, expert in all aspects of insurance. Through our partner, J.H. Minet Co. of London, we are part of Minet's worldwide network. Our Services As our client, we represent your interests to ensure that you obtain the487 words
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Page 7 Advertisements
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Advertisement564 1976-10-04 7 Multi- 1 ration y men destined for Indonesia benefits to leavy equipment for Indonesia, read about the five had doing it our way. Save yourself big moneys Multi-Corporation is a member of The Astra Group. Indonesia's largest and most dependable group of heavy equipment distributors and sole agents. Multi-Corporation, through564 words
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COMPANY NEWS
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543 1976-10-04 8 IT has been one long wait. And shareholders of Consolidated Hotels have yet to see their nest egg hatch. Ever since the company went public in early 1969, it has been caught in a chain of events that caused delay after delay because plans543 words
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Article257 1976-10-04 8 WEIGHED down heavily by liquidity problems, Associated Plastics Industries of Malaysia took its biggest loss to date of M 51.45 million in the first six months ended June 30,1976. This compared with a loss of $490,000 in the corresponding period of 1975. The latest loss257 words
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Article257 1976-10-04 8 ON an increase Of 52.8 per cent in sales to M 510.15 million, Berjaya Kawat has returned a pre-tax profit of $1.65 million in the six months ended June 30, 1976 compared 'with a loss of $114,000 previously. The significant .turnround was achieved, as the company forecast257 words
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487 1976-10-04 8 IN the wake of the economic upheaval of the past few years, Khong Guan Flour Milling's performance has been largely determined by the erratic shifts in the prices of wheat grain on the world market and wheat flour in the domestic market. The financial487 words
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417 1976-10-04 8 FROM a poor year In 1975 to a red one thl$ year. That is the unfortunate record being written at Outhrle Berhad, at least In the first six months. On its current form, its performance this year must rank as one of Its worst.417 words
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Article534 1976-10-04 8 Current Ez Data Total far Total far payment Data payable the year previoua year Alcoa 10* Oct. 14 Nov. 25 10% 20% Aim*. Anal 40% 8ept 21 OCt 12 50% 40% Bata(M) 8% Sept. 8 Oct. 18 8% 14% Beau Plant 7% Sept 2 Oct. 4 7% 22%534 words
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Article188 1976-10-04 8 GENTINO Highlands is finding it harder this time round to maintain its record of consistent good performance. The mid-term results show the group managing to achieve a marginal rise of 4.9 per cent in net profit after tax to M 58.97 million while there was a 7.2188 words
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274 1976-10-04 8 AFTER a sharp 38 per cent decline at midterm, Austral Amalgamated Tin staged a remarkable recovery in the second half to push full year pre-tax profit 32.6 per cent higher at M 56.86 million. For the first six months ended Dec 31, 1975,274 words
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Article16 1976-10-04 8 CONSOLIDATED HOTELS LTD.: 11 a.m., sth Floor, Peninsular Hotel, Coleman Street, Singapore 6.16 words
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292 1976-10-04 8 SIN Heng Chan has certainly won itself the distinction of being one of the very few locally-incor-porated public companies that grow from strength to strength, come boom or slunp. Last year when companies the world over were finding difficulty In matins ends292 words
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Article27 1976-10-04 8 PACIFIC Development Credit (formerly Island Hotels and Properties) has sold Its undeveloped land at Batu Ferrtngi, Penang to A is hah Holdings forM$7.2 million cash.27 words
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INTERNATIONAL COMPANY NEWS
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1093 1976-10-04 8 JOHN WICKS - By JOHN WICKS Financial Times LONDON, Sun. The Chicago-based Maremont Corporation provides as nice a case of successful rethinking as any business school examiner could ask for. Within the course of five years the company has carried out a large-scale divestment programme, expandedFinancial Times - 1,093 words
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129 1976-10-04 8 Reuter VIENNA, Sun. Sperry Rand Corp is aiming for an increase in profit per share averaging 12 to 15 per cent over the next five years, its Vice President, Mr. Alfred Moccia, said here. He told Journalists the company expects to be able toReuter - 129 words
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Article47 1976-10-04 8 Reuter AMSTERDAM, Sun. The Issue price of the 3.4 million shares of TDK Electronics In the form of continental depositary receipts (CDRS) has been set at US$6.lB per share, Pierson, Heldring En Plerson NV said. Listing of the CDRS in Amsterdam has been requested. Reuter.Reuter - 47 words
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Article117 1976-10-04 8 Reuter NEW YORK, Sun. Du Pont expects third quarter earnings to be slightly better than the US$B5.6 million or $1.72 a share earned in the year ago period, the chairman, Mr. Irving Shaprlo, said. Du Point's fibre business continues to operate at a loss, he said. Mr. ShapiroReuter - 117 words
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Article109 1976-10-04 8 Reuter TOKYO, Sun. Toyota Motor said its motor vehicle production in 1976 will Increase by more than seven per cent to 2.50 million units from 2.34 million units in 1975. It said it recently worked out its fourth quarter production programme, under which it plans to turn out 225,000Reuter - 109 words
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Page 8 Advertisements
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Advertisement6 1976-10-04 8 found only in the best company...6 words
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Advertisement138 1976-10-04 8 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: IV. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Fa/k Modern Business Enterprise: M. Gilbert Corporation Man: A.138 words
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Article983 1976-10-04 9 NEW YORK: Stocks last Friday retreated sharply in active trading, losing ground (or the fourth consecutive session. Analysts said the market was weakened by renewed concern that the US economic reco»ery was slower than expected In the third quarter. Prices were depressed still further by a report that983 words
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Article152 1976-10-04 9 MILAN: The market closed easier last Friday on endaccount technical liquidation factors in uncertain trading, dealers said. All leading Industrials lost ground, but Meatedisaa was marginally higher. Medtobaaea was unchanged after past days losses, while Assiearasieai General! eased in insurances, as did Butagi and IPI PiUUsged in financial* Bonds152 words
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Article231 1976-10-04 9 TORONTO: The market closed mixed last Friday after a moderate trading day that sawvolume about level with Thursday's. western oil were slightly higher on index, while other major Indices, pointed slightly lower. Dome Prtnlw was a large net gainer, adding I—l/ 8 to close at 34—5/8 on thin volume.231 words
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Article145 1976-10-04 9 BRUSSELS: The market tended lower in quiet trading last niday. Gk-laao-BM, and BoOm roee while faHs included Amvlmm, Üblmi NUm, UCB, Halaaatflemltts and Cltbeee. Oerman and US stock* roee, Dutch lasuee were steady, golds mixed and other foreign Issues little changed. U8 PetreOaa and PMnflat eased, fsaadlaa Pnnftn was145 words
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Article297 1976-10-04 9 PARIS: The market was mixed last Friday with some buying from institutional Investors dealers said. Engineerings and oils were mostly higher, but banks, other flnancials, hotels and chemicals fell, while motors, electrical* and metals were mixed. ,In the foreign sector, moet values gained but Dutch shares were steady and297 words
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Article229 1976-10-04 9 FRANKFURT: Some shares last Friday rose on selective buying but leading steel stocks feQ after Thursday s steel association report of sharply lower orders. Bank, motor and machinery shares roee up to three marks led by BHF Beak, BMW and QHH, while Neekeraiaaa led stores up 2.80 and Hmssi229 words
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Article254 1976-10-04 9 AMSTERDAM: The market last Friday was mixed with all Dutch internationals weaker and Hoogoveat showing a marked loss. Moderate losses sOghtly outnumbered good rises in the rest of the market with Dekfasr, Gtm•ea. Gist, AheU and VMP the best Individual gainers. State loans fell In reaction to a sharp254 words
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Article238 1976-10-04 9 ZURICH: The market but Friday lacked new incentives and cloeed narrowly mixed In light turnover. Bank* ruled barely steady to' steady Financials Improved led byWal Hilileg, Wshnswatt and —sis m., -s UtrUfttM-DtttATM MfMnfM. Insurance generally drifted lower. Leading Industrials were mixed In a moderately active foreign sector, dollar stocks238 words
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Article309 1976-10-04 9 JOHA-NNESBURO: Oolds recovered, silently in the afternoon but Friday. Financial minings were quietly easier In UfhtwMfht stocks. Elsewhere D« Beers shed three cents to 350. Copper and platinums were lower while other minerals were steady. Industrials were moderately active with prices easier. OCT *1 Rand INDUSTRIALS A Alpha M309 words
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Article356 1976-10-04 9 TOKYO: The market closed mixed with a steady undntone tnltmlted trading last Saturday. The Dow Jones average gained 6.60 to 4,121.63. Volumes was ISO million shares. The new index cloeed at 355.76, down 0.30. Bectrtcals. export-oriented shares and some blue chips lost ground following a sharp fall on Wall356 words
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Article85 1976-10-04 9 FINANCIAL TIME8 INDUSTRIALS Friday 317.5 Thursday 323.5 Week ago 348.9 TINS Friday 119.88 Thursday 115.95 Week ago 112.20 RUBBERS Friday 487.17 Thursdiy 487.00 Week ago 472.85 OILS Friday 338.93 Thursday 338.30 Week aco 350.59 DOW JONES AVERAGE INDUSTRIALS Friday 979.89 Thursday 990.19 Week ago 1009.31 LONDON DOLLAR PREMIUM Friday85 words
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Article72 1976-10-04 9 Reuter LONDON, Sun. Mo Och Dtmsjoe (MODO) plans to raise US$3O million through a ten year Eurobond Issue with an expected nine per cent coupon, Smith Barney, Harris Up ham s&ld as lead manager. A purchase fund will operate for the life of the issue which,Reuter - 72 words
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906 1976-10-04 9 OPT ION OCT JAN APL rrc >cx Alcoa Alcoa Alcoa Alcoa Am Tel Am Til Am Tel Avon Avon Avon Avon Bank Am Bank An Beth 8 Beth 8 Beth 8 Beth 8 §8 Cltlcp rv» r>» 46 SO M 00 50 86 90906 words
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127 1976-10-04 9 (But Tear: January 4, 1971 i 100) IfM% Week's Action HIGH LOW INDUSTRIAL GROUP 24/1 1/16 POINT CHANGE 188.67 91.57 485.59 195.99 161.45 94.30 240.42 125.83 286.19 136.21 244.23 131.23 680.62 212.11 138.26 76.87 140.37 82.30 Automotive Banks, Insurance, Finance and Trustees Chemlcalf, Rubber products,127 words
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Article429 1976-10-04 9 LAST week turned out to be one of the worst for the New York Stock Exchange with the Dow Jones Industrial average losing nearly 30 points for the biggest drop since the Dow plunged 42 points during the first week of last December. The only advance429 words
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Article232 1976-10-04 9 Reuter THE New South Wales Government's budget hailed as sensible and constructive In business and private sectors, provided the equities market with a timely boost last week. The stock market, which had begun the week on a depressed note, with sellers holding the upper hand virtuallyReuter - 232 words
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Article72 1976-10-04 9 LOANS Reuter TOKYO, Sun. Sumitomo Metal Industrial announced it will offer a US$3O million si* per cent convertible bond mainly In Europe at par due March 31, 1992. The offers will be made through an international group of underwriters to be managed by Kidder Peabody International with paymentReuter - 72 words
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Article58 1976-10-04 9 Reuter STOCKHOLM, Sun. The Scandinavian Airlines System board will examine proposals for a Eurodollar bond Issue at Its next meeting Oct 14, a SAS spokesman said. The spokesman said the Eroposal has already been efore the board but was held over for further consideration. He gave no detailsReuter - 58 words
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Article92 1976-10-04 9 Reuter BRUSSELS, Sun. STE National de Credit A L'lndustrle S.A. (SNCI) of Belgium will seek $50 mil- lion for five years with a probable 8% per cent coupon, Informed sources said. The loan, in the form of a private placement, will be backed by a state guarantee. SNCI isReuter - 92 words
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Article43 1976-10-04 9 Reuter FRANKFURT, Sun. New Zealand plans to raise a maximum 10-year 100 million mark bond, probably at 7* per cent, through an international banking consortium, lead manager Commerzbank said. Terms will probably be finalised on Oct 8. Reuter.Reuter - 43 words
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Article38 1976-10-04 9 Reuter PARIS, Sun. Banque De Paris et Des Pays-Bas said the coupon of the European coal and steel community US*3O million Eurobond 1981 has been fixed at 7% per cent and issue price 99.5. ReuterReuter - 38 words
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Page 9 Advertisements
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Advertisement297 1976-10-04 9 i Yes, Penguin books are not to be found in any ordinary shop. Not in road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational quit ur^' ke merely appeals to the JmP~297 words
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COMMODITY REPORTS AND PRICES
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Article306 1976-10-04 10 LONDON Sat. Terminal rubber closed uncertain at or modestly below the highs of the day. Turnover totalled 236 lots of 15 tonnes including seven further 1977 call options five April/June at 62.90 and 62.85p premium 9.90p, one July/Sept, at 63.50p premium 11.75p, and one Oct/Dec at 67p premium306 words
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Article180 1976-10-04 10 THE Straits tin price in Penang yesterday climbed $13.50 to close the week at $1,195.00 on an official offering up 34 tonnes to 232 tonnes. LONDON, Sat. Tin on the day advanced by about £66 for Cash, £60 for Three Months In both contracts. Values worked higher on180 words
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Article126 1976-10-04 10 LONDON, Sat. Silver Spot closed at 262.00/263.00p per ounce and Three Months at 271.00/272.00p, around 2p higher than Friday's closing level in dull conditions, dealers said. But in dollar terms, the price was little changed after fluctuating within a narrow range of 433/435 cents and 436.50/438.50. they added. In126 words
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Article132 1976-10-04 10 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL ON SATURDAY. Coconut Oil: Bulk $71 sellers, old drum $76 sellers, new drum $81 sellers Copra: Mixed (loose) UK/Cont. $45 buyers. Pepper: Muntok ASTA white f o b. 100% NLW $290 sellers Sarawak white fob 96% NLW $275 sellers,132 words
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Article361 1976-10-04 10 THE Singapore gold market was lethargic on Saturday, morning with the kilo bar trading thinly between 559,240 and $9,270 while for London delivery the price was less a nominal U*****.30/116.90 per ounce. In Hongkong, the tael traded very quietly within HK$l.OO of its closing of HK5681.50 down $1.20 oh361 words
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Article191 1976-10-04 10 LONDON, Sat. Copper wire bars on the day showed gains of £8.50 for Cash and £6 for Three Months. The market reflected the steady opening US trend and the continued unsettled UK currency situation, dealers said. Pre-weekend covering took the Three Months position up to £878 in the ring191 words
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Article34 1976-10-04 10 LONDON Sat. Lead gained fully £3.50 for Cash and £3 for Three Months. This metal was steady in sympathy with copper although fresh trading incentives were lacking and only 525 tonnes changed hands.34 words
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Article29 1976-10-04 10 LONDON, Sat. Zinc rose by £5 for Cash and £3.50 for Three Months. The market hovered around previous ring levels with the turnover of 1900 tonnes mainly carries.29 words
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Article183 1976-10-04 10 LONDON, Sat. Terminal moved steadily higher with easier sterling and a steady New York market aiding the trend early in the afternoon session and this in turn touched off shortcoverlng during later dealings. At the close values were around the day's highs at £2.15 to £6 up. Sales were183 words
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Article298 1976-10-04 10 LONDON, Sat. Futures advanced further during the afternoon on renewed commission house buying and covering which took the Jan position up to £1,833. Dealers said aiding the rise were an easing of sterling, a higher New York market, good activity in physicals and the general sentiment still existing for298 words
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Article113 1976-10-04 10 LONDON, Sat. Terminal followed through on the upside In late trading largely influenced by currency uncertain ties and a tightening fundamental outlook, dealers said. Pre-weekend covering was notably featured. Prices closed very steady, at or just below newly established peaks for the day. Gains from Thursday ranged from £20.50113 words
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Article143 1976-10-04 10 LONDON, Sat. Traders reported a moderate soyabean offtake in front of US openings but with early Chicago markets showing a downtrend, buying Interest abated Turnover was put at 20,000 tonnes of which European crushers took 12,000 tonnes. Oct shipments ftom the US gulf made from 5245 to $246. Nov143 words
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302 1976-10-04 10 GENEVA, Sun. A 60nation meeting decided to set up an lnter-govern-mental group of experts to recommend ways of stabllslng the world copper market, meeting chairman Mr. Pierre Charles Legoux of France said. Among Ideas the experts will consider, he told reporters, will be302 words
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Article71 1976-10-04 10 Reuter LONDON, Sun. Market sources said Portugal purchased 50,000 tonnes of US corn overnight for November shipment at US$l2l a tonne CIF while Australia booked 6,000 tonnes of US soyabeans for November shipment from the Oulf at from 1253 to $254 C and F. Vegetable oils tradersReuter - 71 words
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MONEY AND EXCHANGES
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Article176 1976-10-04 10 STERLING'S accelerated decline from U551.6990/05 to $1.6420/40 against the US dollar was dramatic, as the market looked towards the Government for some kind of support for the British unit. Sterling/Singapore dollar also slipped from an opening high of $4.1840/70 to $4.0460-4.0510. However, sterling's retreat was quickly checked when Mr.176 words
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Article236 1976-10-04 10 Asian rates THE dollar Deposit rates firmed beginning of the week hardened by 3/16, both the 3 and 6 months. However, It closed steady for the week, after coming off slightly towards the end of the week against small offers. Short dates were steady although term dollars were taken up236 words
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Article98 1976-10-04 10 Euro rates LONDON. Sat. Eurodollar deposit rates closed easier in places with turnover contracted owing to weekend Influences, dealers said. Fixed dates showed 1/16 fall in one, four and six month positions against opening levels. Most short dates eased around 1/16 compared with Initial levels after a routine session. I98 words
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Article233 1976-10-04 10 FOR the week ended Oct 1, money supplv continued to be in surplus providing sufficient funds to square the position of most houses. Call money stood at 3-1/8% but overnight funds on some days were brought down to a low of 2 1/2% The liquid position kept term233 words
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Article69 1976-10-04 10 LAST week saw overnight rale* fluctuated between 3 3/6— 1/4 to 4 1/2 4 1/4 reaching 11/2 on Thursday, bemg L B D Day. The term rates moved within 1/16 in the 1. 2 months and 1/8 In the 3 months to cloae on Friday at 4 3/1869 words
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Article51 1976-10-04 10 FOR the week ended Saturday. Oct 2. the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND: 4 7/B per cent to 6 per cent. GENERAL FUNDS 3 3/4 per cent to 5 3/4 per cent Movements of funds totalled 36651 words
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Article54 1976-10-04 10 Minimum lending rates (in Alg»men« Bonk 7 Bangkok Bonk 7V4 Bonk of America 7 Bonk of Chino 7V4 Bonk of Tokyo 7 Bank Nagora Indonesia7'A Bonk Chatc Monhatton 7 DBS Citibank 7 HKS8C 7'/ 4 1ndosucz 7 Moloyon Banking 4 7 Mitioi Bonk 7 OCBC 7 OUB 7 UCB 7V*.54 words
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Article200 1976-10-04 10 LONDON. Sat. The Bank of England bought between £100 million and £150 million of Treasury and Corporation bills to ease a shortage In the money market while also lending less than £50 million directly to two or three discount houses overnight at minimum lending rate, market sources said. Secured200 words
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Article323 1976-10-04 10 NEW YORK, Sat. The Dollar closed slightly stronger here as the polarization of strong and weak currencies became less pronounced amid preweekend position-squaring, dealers said. The lira closed weaker at 0.1157/65 cents from 0.1165/67 overnight although above the opening 0.1141/44 as initial market reaction to Italian economic measures323 words
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Article393 1976-10-04 10 ZURICH, Sat. During the week, sterling experienced a very hectic performance with wide fluctuations in both directions. Against the dollar it fell to U551.6350 by mid-week, then it recovered and now stands at $1.6750. On the one side sterling has been depressed by the poor economic prospects of the393 words
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Article767 1976-10-04 10 BY and large produce dealers in Singapore were still operating from hand to mouth last week with hardly enough fresh supplies to fall back on. Existing stocks had mainly been committed under forward sales contracts entered Into months ago. For this reason, they had to turn down numerous767 words
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190 1976-10-04 10 Reuter PARIS, Sun. French metal manufacturing and trading houses said they stopped quoting most metals prices on Thursday because of a Finance Ministry decision which, they said, prevents them from recouping higher world commodity prices in their resale prices. A communique Issued by theReuter - 190 words
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Page 10 Advertisements
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Advertisement129 1976-10-04 10 TITONI SWISS /Wospace 1199 > FIRST PULL OF WINDER SETS DAY AND DATE WITH INSTANT ACCURACY (UP FOR DATE: DOWN FOR DAY) 1 SECOND PULL OF WINDER STOPS THE SECOND-HAND FOR RE-SETTING OF TIME AT SPLIT SECOND ACCURACY AUTOMATIC DAY& DATE WATERPROOF YES.THIS IS IT! TITONrS NEW INTEGRATED LOOK. TITONI129 words
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Article3506 1976-10-04 11 (Be aed on market capitalisation) LARGEST 100 companies quoted on the Stock Exchange of Singapore, iiste d by Business Times in order of market capitalisation. Column I Market value in f million. Column n Number of shares Issi led m million. Column III 1976 High and3,506 words
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319 1976-10-04 11 THE steady growth at Robinson's since 1973 has been arrested with the group reporting a 14.6 per cent drop in pre-tax profit to $5.28 million for the year ended June 30, 1976. However, Robinson's Is assuaging shareholders' disappointment with a scrip issue319 words
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Article402 1976-10-04 11 ARTHUR NG - By ARTHUR NG REFLECTING the better pace of activity as the economy shrugs off the residual effects of recession, conblned assets of the top 100 companies listed on the Stock Exchange of Singapore rose by $3.9 billion or 20.3 per cent to $23.4 billion. Last402 words
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Page 11 Advertisements
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Advertisement283 1976-10-04 11 BUSINESS MACHINES v f-M ITOKI Burglar Safe (T.D.R. and E.D.R. Specification) Equivalent to Anti-burglar standard of Underwriter's Laboratories Inc., U.S.A. Recognised end eccepted by under writers. Low sum of insurance premium in this respects. Fire resistent: 2000°F contineous for 2 hours. Tested end epproved by Japan Industrial Institution Key end283 words
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Article278 1976-10-04 12 AP CHICAGO, Sunday A •tone-faced Muhammad Ali returned to ttie United States yesterday one day after announcing hi* retirement a* World heavyweight champion but refiued to answer any questions from reporters. About 150 people crowded around the champion after be came through customs at O'Hare airport, but Ali'sAP - 278 words
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Article, Illustration541 1976-10-04 12 ALAN HUBBARD - Monday sports •y ALAN HUBBARD LONDON, Sunday It would be In character If Muhammad All considered he had a monopoly on Im- mortality, but in a quiet moment after his fight against Ken Norton last week he took a surprisingly rational view about his541 words
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Article512 1976-10-04 12 BOB HOUSTON - ■y BOB HOUSTON LONDON, Sun. On the day the football League went continental, arming Its referees with those coloured cards we've all learned to watch for in European and World Cup matches (and the dreaded red card was shown to George Best at the Dell), several512 words
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Article415 1976-10-04 12 Date IMC Oct 28 Dec 21 IHI Jan 17 Feb 7 Feb 21 April 19 June 20 July 22 Oct 7 Nov 29 OHiiiil Tunney Hunsaker Herb Slier Tony Espertl Jim Robinson Donnte Fleeman Lamar Clark Duke Sabedong Alonzo Johnson Alex Mlteff Willi Besmanoff Louisville Miami415 words
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Article864 1976-10-04 12 LENNY Nonls bounced back magnificently, after being on medical leave for one week, to post the best score of four-over-par 75 on the second day of the Putra Cup trials at Buklt Course At the end of the two rounds, the first round leader Gerald Loong864 words
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Advertisement215 1976-10-04 12 »711 KING COMPANY is the Sporting Paradise for all sportsmen. A varied range of quality products to suit aH your sporting and leisure time requirements are available here. Come in some time to this Sporting Paradise the answer to all your iports and leisure time requirements. r J*> RIDING Chtrsty215 words
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Advertisement115 1976-10-04 12 All that glitters is not gold the common 'gold-flashed' lighter tarnishes with use. It just cannot stand up to the harsh reaction of acid from the perspiration on your palm. Tanita, on the other hand, is 'gold-plated'. So it's perspiration-proof. You can handle it with complete confidence knowing that it115 words
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Article623 1976-10-04 13 THE tone will be more cheerful and the atmosphere more relaxed when the Joint International Monetary Fund World Bank conference opens In Manila today. Delegates have good reason to be more sanguine than they were at the last meeting In Washington a year ago. They can take comfort623 words
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Article, Illustration1804 1976-10-04 13 SOH TIANG KENG - FINANCIAL EXPERTS IN MANILA FOR IMFWORLD BANK MEETING By SOH TIANG KENG ALMOST the same elite group of dignitaries the' top Who's Who In International finance -who gathered In Washington last will assemble at the annual meeting of the International Monetary Fund which1,804 words
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804 1976-10-04 13 KUALA LUMPUB, Sun. Malaysian skippers are planning a three-prong counter attack against shipping conferences whose power to hike freight rates have blunted Malaysia's export drive. PLAN One to take care of immediate needs involves the chartering of Soviet vessels which charge rates 30804 words
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1161 1976-10-04 13 Financial Times HONGKONG, Sun. Singapore is trying to topple Hongkong from its position as the financial centre of South-east Asia, a leading Hongkong banker has warned. The way Mr. Lee Kuan Yew's Island is waging its campaign illustrates the difference of approach betweenFinancial Times - 1,161 words
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Advertisement159 1976-10-04 13 Rollei didn't develop the world's smallest pocket camera just for the size of it. They also made it one of the easiest to handle. Sure, the handy size is the most obvious feature. But the Rollei A 110 is an extremely precise little camera that is easy-to-handle at the same159 words
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Advertisement90 1976-10-04 14 t I I 1 I 3» 8 s t 3 I s mmjmhi ijinmu U£Wtf 3 5* an Kit II II ct fii t»3 s > I*B t in UilMii ,«v 4W t II! J»* -"Hx i l ">*t P-1. <??> /g, lUlMi.ll vfe.'-' > I f t K 1190 words
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