The Business Times, 23 October 1976
1976-10-23
1
14
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The Business Times
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Title Section10 1976-10-23 1 BUSINESS TIMES M.C.(P) 1455/76 SATURDAY, OCTOBER 23, 1976 50 CENTS10 words
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MEWS SUMMARY
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Article62 1976-10-23 1 HONGKONG, Frl. Wheelock Marden and Hongkong Land have agreed to enter into discussions which may lead to an offer being made by Land to acquire the whole of the issued share capital of Wheelock. Jar dine, Matheson (HK) has indicated its willingness to cooperate in discussions62 words
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Article107 1976-10-23 1 AP LONDON, Fri. The New York company Merrill Lynch, Pierce, Fenner and Smith now can claim to be larger than the entire British securities industry, the Times reported today. It said the United States brokerage firm employs 19,246 people around the world, compared to the 18,185AP - 107 words
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Article76 1976-10-23 1 Reuter GENEVA, Frl. Rhodesian Prime Minister lan Smith and British diplomat Ivor Richard will meet this afternoon for a private talk In preparation for next week's Geneva conference on the future of Rhodesia, a Rhodesian official said. It will be the first meeting between the men since theyReuter - 76 words
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Article65 1976-10-23 1 Reuter LONDON, Frl. The British Government's Export Credits Guarantee Department announced an improvement in guarantees given to banks providing finance for exporters trading on open account terms. It said the finance that exporters may draw under their ECGD guarantee will be Increased to 100 per cent of theReuter - 65 words
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Article88 1976-10-23 1 UPI LONDON, Fri. The Labour Party caucus in the House of Commons has elected left-wing spokesman Michael Foot as Deputy Leader of the party. Mr. Foot, 63, polled 166 votes against 128 for his sole rival, Education Secretary Shirley Williams, 46. Mr. Foot was promotedUPI - 88 words
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Article61 1976-10-23 1 Reuter CANBERRA, Fri. Australia's domestic crude oil output rose 3.2 per cent to 149.9 million barrels in the year ended June 30, Acting National Resources Minister Peter Nixon said in a statement. He said this provided about 75 per cent of the 211 million barrel crudeReuter - 61 words
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Article44 1976-10-23 1 UPI NEW YORK, Fri. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 939.5, down 5.65; 20 transp 206.62, down 1.31; 15 utils 96.40, down 0.29; 65 stocks 296.68, down 1.66. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration156 1976-10-23 1 THE Singapore stock market closed lower in light quiet trading on Thursday as both dabblers and investors continued to make themselves scarce. Losses, however, were marginal as reflected in the drop of 0.95 point in the Business Times index to 248.52 and 0.29 point in the Straits156 words
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Article111 1976-10-23 1 Foils Most octivs S. Trading *5.30 D K era mat S4 SO Shell j3*3f M Cables S3 14 Kg Lanjut $2.05 Carlsberg $2 m U.O.B $3 96 M Flour $2.01 -.20 -.14 -.10 -.08 -.06 -.04 -.04 -.03 Haw Par 183,000 M Banking 124,000 U.O.B 71.000 Central111 words
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Article1105 1976-10-23 1 COLIN CHEE - Half a billion to their name RUBBER WAS SPRINGBOARD FOR LEE FORTUNES h COLIN CHEE THE Lee Foundation, founded In 1952 by the late Lee Kong Chlan, is generally known to Singaporeans as a charity whose contributions in donations, gifts, and grants average )3 million annually. What is not generally1,105 words
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Article119 1976-10-23 1 Reuter CANBERRA, Fri. A distinct upturn in Australian business conditions is possible later this year, a survey conducted Jointly by the Australian Chamber of Commerce and the national banks shows. And a second analysis, Business Indicators by ANZ bank, concludes the federal government's current policy aimed at IncreasingReuter - 119 words
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Article257 1976-10-23 1 Reuter TOKYO. Fri. Sir Peter Thornton, Permanent Secretary at the UK Department of Trade, said Britain is not fully satisfied with the Japanese system of giving advance notification of export intentions to the British market. He told journalists advance indications of export plans for suchReuter - 257 words
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Article280 1976-10-23 1 Reuter COLOGNE, Frl. Japanese exporters to West Germany should base their sales efforts on the principles of fair competition, the German Industry Association said today. In a statement after a meeting here with representatives of Japanese Business Organisation Keldanren, it said Japanese firms, sometimes with aggressiveReuter - 280 words
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Article99 1976-10-23 1 NIPPON Miniature Bearing Singapore, a whollyowned subsidiary of Nippon Miniature Bearing of Japan, is making a US$l2 million (5529.5 million) bond issue today to finance its plant expansion. The seven-year bond is believed to offer a yield of about nine per cent. It is understood that99 words
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163 1976-10-23 1 Reuter LONDON, Frl. oil companies are currently showing a marked interest in large tankers loading in the mid-east gulf, tanker sources report. Cover has been secured for well over 3,500,000 long tonnes of crude oil from this area over the past three days, wellReuter - 163 words
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Article52 1976-10-23 1 THE Kuala Lumpur Stock Exchange asked Chartered Merchant Bankers to furnish reason/* on why ita client Boris South-east Asia felled to comply with the Exchange Undertaking Requirement E<l). Business Times of Oct. 29 reported the KLBE asked CMB why it failed to advise its client on this ruling. This52 words
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180 1976-10-23 1 UPI LONDON, Fri. A Home of Commons committee charged yesterday that millions of pounds of taxpayers money has vanished in handouts to companies which went broke and workers co-operatives barely hanging on. The Public Accounts Committee said the Department of the Environment gave £11 millionUPI - 180 words
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Article105 1976-10-23 1 Reuter HOBART, Fri. The Prime Minister of Singapore, Mr. Lee Kuan Yew, has been spending a quiet time during his official visit to this island state. Mr. Lee cancelled a scheduled game of golf today in favour of a visit to the Royal Hobart. Tonight heReuter - 105 words
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301 1976-10-23 1 MALAYSIAN Airline System made a very hard landing In 1975/ 76 Judging by Its results for the year ended March 31, 1976. Pre-tax profits fell to a dismal M 5673,804 from $9.98 million previously on the back of a steep dive In301 words
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Article314 1976-10-23 1 UPI HONG KONG, Fri China today announced the appointment of Hua Kuofeng as Chairman of the Chinese communist Party, succeeding Mao Tse-tung, and confirmed the purge of the late Chairman Mao's widow and three other radical party leaders. The first official confirmation came in a radioUPI - 314 words
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Page 1 Advertisements
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Advertisement24 1976-10-23 1 +@"&%,""&\$)^`,?!)'@$,){!>/>$^/ SEE PAGE 5 INSIDE Market round-up/ TV k Radio Foreign Features Local Co Newt Foreign Co News Features/ Overseas Stocks Overseas Stocks Local Stocks24 words
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Advertisement108 1976-10-23 1 Copy large size originals on one sheet, size for sizeno trimming, no sticking together. Xerox 3103 No matter what the originals. Up to 14" by 18" or 356 mm by 457 mm. solids. Half tones. Or pale blue. The Xerox 3103 gives perfect reproductions. Every time. Size for size. On108 words
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Advertisement95 1976-10-23 1 361 ■1~ M LOVfflix rr^ rm HK.wi uiT( H mm The 8-Year Old Scotch $n the heart of the Scottish Highlands, Glenfiddich is distilled in handbeaten pot stills. Then matured in oaken casks for eight years or more; until it is judged supremely smooth and mellow. Aye, it may cost95 words
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Article720 1976-10-23 2 SHARES were further eroded in generally weak conditions at the Stock Exchange of Singapore this week. Trading was thin and again confined to the speculative Issues in which deals were mainly written on covering account and arbitrage. Rallies were few and far between. And these were generally too720 words
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Article339 1976-10-23 2 Reuter AFTER having pulled out of its recent steep nosedive, the Sydney Stock Market tended to consolidate its gains this week. The market opened on a slightly easier note as profit-takers moved in, but buyers soon helped push share prices to higher levels. Signs that inflation may be comingReuter - 339 words
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1048 1976-10-23 2 IVAN FALLON - London •y IVAN FALLON THIS week opened with a bang on the London Stock Market. The Financial Times index shot up 10.7 to 303.6, a sort of break-neck rise which rocked brokers right back on their heels. They have become unused to rallies In London1,048 words
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Article78 1976-10-23 2 Reuter MULHEIM (West Germany), Frl. The IO Metal Trade Union said It is claiming a wage rise of 8.5 per cent from next month for 220,000 iron and sttel workers In north Rhine West-phalla. This is the first major wage demand to be made In the 1976-77Reuter - 78 words
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Article438 1976-10-23 2 TRADINQ on the Kuala Lumpur Btock Exchange this week was characterised by low volume and narrow phce movements. Broken believe that the slow tempo of trading will remain gntll a clearer picture emerges on the local front as well as overseas markets Uke Wall Street and Hongkong. As438 words
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Article143 1976-10-23 2 Reuter PRETORIA, Frl. South Africa had a trade deficit of 22.1 million rand In September after a 54.7 million rand surplus in August, Department of Customs and Excise said. Imports In .September rose to 421.4 million rand from 342.2 million In August while exports were upReuter - 143 words
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329 1976-10-23 2 KORALD LAM - KORALD LAM OTHER ANNOUNCEMENTS Keun| Tin (Malaya) has acquired Auvl Send Irian, an agent for hi-fi equipment. Kuala SkUm has offered to acquire the Issued share capital of Bekoh Holdings other than the 2.27 million lOp shares that KSR already owns, which329 words
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Article525 1976-10-23 2 no official confirmation was available although Haw Par Brothers International has requested Ivory and Slme to submit a list of buyers and specifically any particular buyers who may now have a large stake in the company. Although unconfirmed, many believed that a banking Institution has collected that big parcel of525 words
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Article263 1976-10-23 2 Reuter FRANKFURT, Frl. Peru's international loan package of around US$3lO million (***** million) from North American and European banks Is expected to be signed in mid or late November, banking sources said. The total should be made up of around US$2OO million from US banks,Reuter - 263 words
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Article32 1976-10-23 2 THE Overseas Union Bank filed a suit against Eng Wah and Company at the High Court on Thursday for $242,146 being amount allegedly due and owing to the bank.32 words
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175 1976-10-23 2 Reuter NEW YORK, Frl. The US municipal bond market could be improved if the federal government allowed state and local governments the option of using taxable bonds, the Twentieth Century Fund task force said. The fund, a non-profit research organisation dealing with state andReuter - 175 words
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Article57 1976-10-23 2 Reuter BERNE, Frl. The Swiss Government adopted a 1977 federal budget providing for a record deficit of 1.94 billion francs, compared with deficits of 1.19 billion for the current year and 1.31 billion for 1975. Details of the budget will be presented at a press conference onReuter - 57 words
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Page 2 Advertisements
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Advertisement248 1976-10-23 2 A/ 1 nothing FORTUNE is essential reading for 615,000 of the world's most influential executives. Each month, FORTUNE explores the future, offering look-ahead information on economic trends, corporate strategy, multinational business, management methods, the outlook for investments, and the new technology. To subscribe to 18 issues of FORTUNE at a248 words
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Advertisement43 1976-10-23 2 FOR SALE USED GENERATING SETS ENGLISH ELECTRIC MODEL 12CSY 1000 KW, 6600 VOLTS, 3 PHASE, 50 CYCLES, 750 RPM, COMPLETE WITH SWITCH PANEL, A THREE UNITS AVAILABLE FOR FURTHER DETAILS WRITE TO: CHUAN HUAT ENGINEERING (PTE.) LTD. 2 3 TYRWHITT ROAD SINGAPORE 643 words
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Page 2 Miscellaneous
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Miscellaneous270 1976-10-23 2 SINGAPORE 5 1.00 P.M. Opening announcements and Sesame Street. 1.55 Saturday Matjnee: "Tarzan Escapes Starring: Johnny Weismuller, Maureen 0 Sullivan 3JO What's My Line 3.50 Debate for. Tertiary Institution 1976: Second semi-final (r) 4.45 Sandiwara, "Safang Di Sayang" (r) 525 The Rookies. "Lamb To Slaughter" 6.15 Fokas 6JO News in270 words
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906 1976-10-23 3 JOHN VINOCUR - By JOHN VINOCUR AP HE WOULD bring home all Denmark's ambassadors, eliminate 4,300 government Jobs a month for the next two years, make everyone's first US$lO,OOO in Income tax free, and reduce the national defence to a telephone answering service that keeps saying,AP - 906 words
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Article, Illustration1025 1976-10-23 3 GILBERT SEDBON - By GILBERT SEDBON Reuter ALTHOUGH it Is 30 yean old. French television has still not come of age. Even President Valery Olscard d'Estalng, a television fan himself who has introduced sweeping reforms in the networks, admits that thereReuter - 1,025 words
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Article, Illustration926 1976-10-23 3 HENRY BRADSHER - By HENRY BRADSHER NYT A DECADE of Chinese communist history has been thrown into doubt by the dramatic political turn in Peking. It oould be completely rewritten. The purge of radical leftists that is under way throughout China completes theNYT - 926 words
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611 1976-10-23 3 ROBERT LINDSEY - By ROBERT LINDSEY NYT FLOATING interests rates for home mortgages a controversial and sometimes emotional issue nationally are making deep inroads in California, the country's largest housing market. Financial analysts say the California experience is providing increasing lessons on how a system of flexibleNYT - 611 words
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Page 3 Advertisements
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Advertisement65 1976-10-23 3 Every Tuesday and Thursday at93opjil Other PIA Destinations: Amsterdam Athens Bombay Bangkok Colombo* Copenhagen Delhi Frankfurt Istanbul •Karachi Kuala Lumpur Lahore London Manila Nairobi Paris Peking Quetta Rawalpindi (Islamabad) Shanghai Singapore Tokyo Contact your travel agent or <^PIA Pakistan Inter Pakistan International Great people to f*y with Thong Teck Bldg.,65 words
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Advertisement159 1976-10-23 3 Anybody Looting for Finance Needs a Good Talking lo! And IBS are just the people who can do the job. IBS experts are always ready to discuss any aspect of your finance problems with you. But we don't just talk we give you action, helping you work out the most159 words
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COMPANY NEWS
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594 1976-10-23 4 THE lifting of the tin export control and the continuing improvement in the prices of both tin and rubber have brightened Rahman Hydraulic Tin's prospects for the current year ending June 30, 1977. But the chairman, Mr. I.K. Meek, appears to favour a modest594 words
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573 1976-10-23 4 SELANGOR Coconuts will seek new expansion opportunities following the proposed takeover of Bekoh Holdings by Kuala Sidim Rubber. Kuala Sidim currently holds about 65 per cent of Bekoh, which in turn holds about 56 per cent of Selangor Coconuts. Bekoh recently announced in573 words
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Article, Illustration652 1976-10-23 4 ROBINSON'S looks all set to prove that the 14.6 per cent decline In pre-tax profits for the year ended June 30,1976 will not be repeated this time. The chairman, Mr Tan Chin Tuan, says: "In the current year, the improvement in group sales, which Is652 words
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COMPANY MEETINGS
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Article25 1976-10-23 4 THE following company meetings are due: Oct. 26, 10 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.25 words
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Article18 1976-10-23 4 Oct. 27, noon, U.N. Room, at the Hotel Regent, Jalan Imbi, Kuala Lumpur.18 words
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17 1976-10-23 4 Oct. 27, 12.30 p.m.. Room 743, Hotel Merlin, Jalan Sultan Ismail, Kuala Lumpur.17 words
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Article10 1976-10-23 4 Oct. 28, noon, 45-47 Robinson Road, Singapore10 words
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22 1976-10-23 4 Oct. 28, 3 p.m., 4th Floor, Bangunan Yee Seng, No. 15, Jalan Raja Chulan, Kuala Lumpur.22 words
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Article18 1976-10-23 4 Oct. 29, 10.30 a.m., Registered Office, Wisma Mega, 2nd mile, Jalan Batu Tlga Lama, Kelang.18 words
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21 1976-10-23 4 Oct. 30, noon, Registered Office, No. 22 (Upper Floor of No. 20), Jalan Gelanggong, Malacca.21 words
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Article20 1976-10-23 4 Oct. 30, noon, Registered Office, UOB Building, No. 1 Bon ham Street, Raffles Place, Singapore 1.20 words
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Article14 1976-10-23 4 Oct. 30, 12.30 p.m., company's offices at Tasek Industrial Estate, Ipoh.14 words
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16 1976-10-23 4 Nov. 4. 11 a.m., Virginia Park, Jalan University, PetaUng Jaya.16 words
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Article11 1976-10-23 4 Nov. 5, noon, Regency Room, Raffles Hotel, Singapore.11 words
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Article19 1976-10-23 4 Nov. 9, 10 a.m., Registered Office, Penthouse, 10th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur.19 words
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Article13 1976-10-23 4 Nov. 9, noon, Registered Office, 25 Beach Street, Penang.13 words
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Article15 1976-10-23 4 Nov. 12, 11 a.m., Registered Office, No. 50 Jalan Ampang, Kuala Lumpur.15 words
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Article13 1976-10-23 4 Robinson Company Ltd.: Nov. 11, noon, Regency Room, Raffles Hotel, Beach Road, Singapore.13 words
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Article401 1976-10-23 4 Current Es Date Total for Total for payment Date payable the year previous year New SereMdnh 10%+ Oct. 4 Oct. 21 10%+ 17.5% O.C.B.C. 5%+ Oct. 11 Oct 23 5%+ 15%a U.A.C. 12.5% Sept. 6 Oct. 23 25% 16.67%a K.L.K. Deb. 5 25% Oct. 8 Oct. 25 5.25%401 words
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Article914 1976-10-23 4 THE GERMAN STOCK MARKET Financial Times LONDON, Frl It Is typical stock market perversity that the Commerzbank index of the prices of West Oerman shares should slide from low to low Just after the Oerman stock market, as an institution, has been given the best present itFinancial Times - 914 words
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602 1976-10-23 4 NYT WASHINGTON, Fri. The Federal Trade Commission yesterday ordered Sears, Roebuck, the world's largest retailer, to stop using "bait and switch" tactics to sell its millions of major home appliances each year. Without flatly admitting the use of illegal sales techniques,NYT - 602 words
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152 1976-10-23 4 THE Kuala Lumpur Stock Exchange has requested Pacific Development Credit for more details about the company's sale of Its land In Batu Ferrlngl, Penang Late last month, PDC announced that It has sold its undeveloped land at Batu Ferrlngl, for M 57.2 million for152 words
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Article335 1976-10-23 4 SOUTH JOHORE Amalgamated Holdings has said that it did not expect voting rights of 30 per cent of its equity to be transferred to Moscow Narodny Bank, as a result of the winding up of Mosbert Holdings. The company told the Stock. Exchange of335 words
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Article990 1976-10-23 4 On October 21 PRICES on the Chicago Board Options Exchange on Thursday eased as declines led advances. 425 to 60. Turnover approximated 89,819 contracts, up from 71,952 contracts on Wednesday. OPTION JAN A PL JLY 8TOCK Alcoa 45 UNTRD NOL NOL S3 3/4 Alcoa SO 5 7990 words
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Page 4 Advertisements
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Advertisement284 1976-10-23 4 We Help You 1o Mind Ibur Own Business industry rade \ltrade industry H um<ii lIIT i I T mmum iummu Erade&industry TE i* r tradc^industry The Republic's foremost Business Review The regular review of Singapore's business scene, compiled for easy reference by executives. Noted commentators and experts present facts and284 words
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INTERNATIONAL COMPANY NEWS
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689 1976-10-23 5 HONGKONG, Fri. Wheelock Marden and Hongkong Land have agreed to enter Into discussions which may lead to an offer by Hongkong; Land for the whole of Wheelock Marden's issued share capital. The companies said in a statement on Thursday the Hongkong Stock exchanges689 words
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Article302 1976-10-23 5 Reuter LOS ANGELES, Fri. Occidental Petroleum Corp said its 1976 target Is for profits from continuing operations to be close ,to last year's U*****.6 million, or $2.69 per share. Occidental said it expects improved operating earnings in its fourth quarter. In the 1975 period it earned $18.4 million,Reuter - 302 words
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Article129 1976-10-23 5 Reuter MELBOURNE, Fri. Hamersley Holdings has reported an unaudited consolidated net profit of A 527.16 million for the nine months ended sept 30, 1976, compared with $22.33 million previously. Net sales amounted to $253.35 million against $210.77 million. It earlier announced an interim dividened of four centsReuter - 129 words
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Article176 1976-10-23 5 Reuter LONDON, Frl. Pre-tax profit at Marks and Spencer rose to 143.47 million in the 26 weeks ended Oct 2 from 135.64 million previously, on sales of £491.39 million (1398.74 million) excluding sales taxes. In view of the higher profits, the company is paying an interimReuter - 176 words
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Article153 1976-10-23 5 AKRON, Ohio, Fri. Goodyear Tire and Rubber said it expects fourth quarter earnings to be substantially ahead of the U5532.3 million or 45 cents a share earned a year ago. The company is currently putting product price increases into effect to recover increased costs resulting from153 words
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170 1976-10-23 5 PARIS. Fri. Chrysler France has operated profitably all this year and expects to report a reasonable 1976 net profit after two years of losses. Last year It lost 110 million francs net, following losses of 72 million in 1974. The company expects to produce over170 words
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Article44 1976-10-23 5 LONDON. Fri. Matsushita Electric said it is raising Its workforce at Its new Pentwyn, Cardiff factory by a further 120 employees. The company has Just started trial manufacture of colour televisions and will take on the extra workforce in the next few weeks.44 words
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Briefly
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Article114 1976-10-23 5 TURIN, Fri. Flat expects to show a substantial profits increase this year, to between 100 and 200 billion lire against the 1975 aftertax profit of 107 million, a company spokesman said. Company vice-president, Mr. Umberto Agnelli, said group consolidated turnover is expected to total 8.5 trillion114 words
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Article56 1976-10-23 5 LONDON, Frl. Two loans totalling 118 million rand equivalent for the Republic of South Africa have been signed in Pretoria, Hill Samuel said. The larger of the loans was for eight years at eight per cent, the smaller for six years at a rate 1 3/4 per cent56 words
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Article69 1976-10-23 5 PERTH, Fri. Mining and ore processing resumed at Western Mining Corp's Kambalda nickel operation after 60 striking winder and power house engine drivers returned to work, a company spokesman told reuters. The strike, which led to the laying off of about 1,000 other mine and plant workers, cost69 words
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Article64 1976-10-23 5 FRANKFURT, Fri. Deutsche Bank and Dresdner Bank are arranging a 60 million mark private placement for seven years at 7 3/4 per cent for Arbed, Acieries Reunies De Burbach-Elch-Dedelange, of Luxembourg, a Deutsche Bank spokesman said. Deutsche Bank is arranging a 60 million,mark placement, also for seven years but64 words
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Article85 1976-10-23 5 Reuter FUERTH, West Germany, Fri. Grundig plans to set up a wholly-owned subsidiary in Taiwan to produce portable colour and black and white televisions from next year, a company spokesman said. The first year's investment, Including a new factory, is estimated at around 10 million marks. Expenditure inReuter - 85 words
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Article70 1976-10-23 5 FRANKFURT, Frl. Bank Fuer Gemelnwirtschaft said it arranged a 300 milltnn Euromark five-year credit for the National Bank of Greece with variable interest set at 1 5/8 per cent above London Interbank offered rates. In August the Bank said it was arranging a credit of between 150 million and70 words
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Article53 1976-10-23 5 BRISBANE, Fri. Drilling at the teutonic bore prospect near Leonora In West Australia revealed 5.2 per cent copper, 12 per cent zinc and 187 gms tonne of silver over 24.6 core length In one diamond drill hole. Western Selcast holds 60 per cent and MIM Holdings 40 per cent53 words
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Article59 1976-10-23 5 MELBOURNE Frl. The heavy mineral sands Joint venture at Busselton, Western Australia, suspended mining and concentration on Oct 1, Mid-East Minerals said in its report for the quarter ended Sept 30. Mid-East said heavy local rains raised the water table to a level which made mining impracticable. The other59 words
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Article44 1976-10-23 5 LONDON, Frl. The Quebec Hydro Electric Eurobond has been Increased to US$l25 million from the 100 million originally envisaged, co-mana-ger Nesbltt, Thomson said. The issue, due 1986, Is scheduled to be priced on Oct 25 with an expected coupon of BVt per cent.44 words
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Article57 1976-10-23 5 TOKYO, Fri. The Japanese Finance Ministry said the Danish Government registered to float a 10 billion yen bond on the Japanese capital market next month. Terms for the loan, which will be used to finance Denmark's balance of payments deficit, are being negotiated with a Japanese underwriting57 words
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Article61 1976-10-23 5 DUESSELDORF, Frl. Girozentrale und Bank der Oesterrelchlschen Sparkassen wien will next week raise a 100 million mark two-tranche Eurobond, a spokesman for issue manager West-Deutsche Landesbank Girozentrale said. He said the bond comprises a 60 million mark, per cent five-year tranche probably at par and a 40 million61 words
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Article37 1976-10-23 5 LONDON, Frl. A Canadian borrower, possibly Canadian National Railways, Is shortly expected to raise a US$75 million eurobond, dealers reported. The 10-year issue may carry a coupon of around 8 V 4 per cent, they said.37 words
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Article50 1976-10-23 5 WASHINGTON, Frl. The World Bank announced it will provide a loan of US$l2 million to help develop oil Bilm cultivation In Papua ew Guinea. It will be for 20 years, Including four and a half years' grace, and carry annual interest rate of 8.7 per cent.50 words
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Article79 1976-10-23 5 KUWAIT, Frl. Yugoslavia's Privrenda Banka Sarajevo has obtained a five million Kuwaiti dinar loan under an agreement signed here. The loan was in the form of a note placement syndicated by the Kuwait International Finance Group and Jointly managed with the group by Kuwait International Finance and the79 words
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Article82 1976-10-23 5 WASHINGTON, Frl. The. Federal Reserve Board said it is deferring action on a proposal which would allow bank holding companies to underwrite and deal In Federal Government and General Obligation Municipal Securities. Although underwriting and dealing in such securities is common among the bank subsidiaries of holding82 words
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Article57 1976-10-23 5 HONGKONG, Frl. Chase Asia said it managed syndications of a US$25 million five-year loan to Honam Ethylene ot South Korea. The loan, guaranteed by the Korea Exchange Bank, will finance equipment imports for the company's Yeochun petrochemical plant. Co-managers of the syndicate were Asian International Acceptances and Capital57 words
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Article75 1976-10-23 5 Reuter STUTTGART, Frl. Daimler Benz said it plans to acquire US heavy goods vehicle manufacturer Euclid Inc. under a letter or intent signed between Daimler and Euclid's parent company, White Motor Corp. The supervisory boards of the two companies must approve the sale before theReuter - 75 words
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Article189 1976-10-23 5 Reuter HONGKONG. Frt. Jardine Industries has declared an unchanged Interim dividend of six cents for 1976. The shareholders register will be closed from Nov. 11 to 25 Inclusive. The company said unaudited consolidated profit for the first nine months of 1976 showed a rise ofReuter - 189 words
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186 1976-10-23 5 B W looks to another record year NEW YORK, Fri. Bab- cock and Wilcox should have another record year In 1976 in view of business booked and the existing backlog, chairman Mr. George Zlpf said. In 1975. the company earned U5542.32 million or $3.49 per share on sales of $1.57186 words
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323 1976-10-23 5 Renter PARIS, Frl. Cle Flnanciere de Suez chould be able to pay a higher dividend for 1976 and net group profits should be about 10 per cent above last year, barring unforeseen circumstances, board chairman, Mr. Michel Caplain. said. He told jounallsts gross earnings upRenter - 323 words
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Article196 1976-10-23 5 Reuter ESSEN,Fri. Fried. Krupp, in which Iran is buying 25.01 per cent stake, said it will have a 1976 operating loss similar to last year's 168 million mark deficit. At a press conference on Tuesday's announcement of the Iranian deal, Krupp said the necessary capital increaseReuter - 196 words
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Article144 1976-10-23 5 Reuter HONGKONG, Fri. Consolidated net profit at South China Morning Post jumped to HK522.42 million for the year ended June 30, 1976 from $15.83 million previously. At the parent company level, net profit rose to $21.85 million from $15.76 million. As a result of the bumperReuter - 144 words
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Article62 1976-10-23 5 TAIPEI, Fri. The Executive Yuan approved a US$5O million, six-year loan for China Steel Corp to be provided by Mellon Bank, the Central News Agency reported. The loan is to finance conduction of an integrated steel mill, and will be guaranteed by the Finance Ministry. It is to62 words
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Article229 1976-10-23 5 Reuter NEW YORK, Frl B.F. Goodrich has suffered a third quarter net loss of $20.08 million compared with a profit of $268,000 previously on sales of $426.9 million ($488.4 million). This brings net loss for the first nine months to $7.07 million against a profit of $18.2Reuter - 229 words
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Article28 1976-10-23 5 LONDON. Frl. The Den Danske Bank 70 million mark 8 1/4 per cent issue, due 1986. was priced at par. lead manager Westdeutsche Landesbank Girozentrale said.28 words
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Article203 1976-10-23 5 Reuter NEW YORK. Frl. Trans World Airlines said it has withdrawn its S-l registration statement currently on file with the Securities and Exchange Commission relating to a proposed eauity offering of two million shares. TWA said terms of its senior note agreements would not permit paymentReuter - 203 words
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Article138 1976-10-23 5 Reuter BANGKOK. Fri. Thailand's Industrial Finance Corp aims to lend U5536.5 million to local industry this year, having made loans totalling $20 million for 26 industrial projects in. the first nine months, general manager. Mr. Varee Pongvej said. The number of applications for loans has been smallerReuter - 138 words
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Article132 1976-10-23 5 Reuter DEARBORN, Fri. Ford Motor said it will lay off 40,000 workers at eight car plants and several manufacturing plants because of the strike at its Cleveland, Ohio, stamping plant. The Cleveland stamping plant makes body parts for all the company's car lines and is theReuter - 132 words
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Advertisement82 1976-10-23 5 15* t m <G'i Hua i mm Over OCTOBER 25, wsj 3 HIGHLIGHTS SALE LNOWJ PHILIPPINES: The Straw Vbte JAPAN: Hiroshima Rerun ISRAEL:The Lebanon Connection Interview with Eban KAUNDAWhite Men will not be driven to the sea' Newsweek International c/o Sanvic Enterprise Pre Ltd Locked Bag Service No 1. G.P.O.82 words
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Advertisement94 1976-10-23 5 ace to lunch. You expect the best You want yourclients to have the best. So when you come to the best. that's exactly what you'ii get. The best. Yourchoice from our exhilarating gourmet menu. With fine vintage wines And of course, the impeccable service that you have naturally come to94 words
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Article, Illustration1164 1976-10-23 6 CAPITAL TIED UP IN THE LAND Reuter UMTALI, Rhodesia, Frl White Rhodeslan farmers already facing physical danger are determined to stay on their land along the hostile Mozambique border despite political uncertainty. The farmers seem ready to accept any future government, black or white, "IfReuter - 1,164 words
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Article315 1976-10-23 6 Reuter SYDNEY Frl. Port Waratah Coal Services (PWCS) said its Newcastle. New South Wales, coal loader project will be owned 70 iier cent by Australian coal exporters and 30 per cent by a group of Japanese companies under a restructuring completed this week. The estimated AsB2 millionReuter - 315 words
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427 1976-10-23 6 BRUSSELS, Frl. EEC countries should aim to cut the community's average 1977 Inflation rate to between seven and eight per cent from a forecast 10.4 per cent for this year, the EEC Commission said. Commission vicepresident Wilhelm Haferkamp tokl a press conference here427 words
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160 1976-10-23 6 Reuter TOKYO, Fri. Foreign central banks and governments have been actively buying medium-term and long-term Japanese bonds to diversify their external reserves, Dalwa Securities said. It estimated Investments of this type through the Japanese market during the first nine months of this year exceededReuter - 160 words
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Article89 1976-10-23 6 Reuter ZURICH, Frl. The balance sheet totals of the 563 banks and finance companies subject to Swiss banking law grew an overall 12.7 per cent to 323 billion francs last year, the Swiss National Bank said. The Swiss franc portion of the total fell four per cent onReuter - 89 words
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Article327 1976-10-23 6 Reuter FRANKFURT, Fri. The major German banks act a provisional total of 590 million marks of foreign loan issues for November compared witk October's 630 million wben they discussed the calendar for next month's issues here, primary bond market sources said. The banks, meeting underReuter - 327 words
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Article1002 1976-10-23 6 NEW YORK: Corporate newt helped stimulate fresh Interest In Individual issues on the New York Stock Exchange on Wednesday while the overall market was supported moderately by bargain hunting. However, turnover was relatively light. Indicating some Investors were holding off making new investment decisions until after ths presidential1,002 words
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Article962 1976-10-23 6 Prices on the Chicago Board Options Exchange were mixed. Losers edged gainers, 210 to 205. Volume approximated 71,952 contracts, down from 83,158 contracts on Tuesday. On October 20 OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Avon Avon Avon Bank962 words
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Article218 1976-10-23 6 AMSTERDAM: Shares rost sharply in thin market conditions on Wednesday- ■eofMwas, Philips and Uaiirrar led rises among Dutch Internationals. Elsewhere, OCI roee nine (ullders to 176.00, and HatMhaa, mostly small losses against the trend. State loans were firmer. OCT M rw Ahold M.M ♦1 Akao AlftMUlk M.M Hi mH218 words
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Article189 1976-10-23 6 FRANKFURT: Sham closed generally up to three Btrki higher due partly to Institutional buying on Wednesday. PtW KnnQaU pref dMfW rote 12 manes to US after nm Iran Is buying a 29 01 pet Main In the Fried Krupp Omph holding company. Public loan prices either moved up to189 words
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Advertisement290 1976-10-23 6 The three bask needs and the three parts of BritonnioQ 3 1. To get at the facts often a single fact easily and quickly, without having to raad a long article in -which that fact is embedded. This need is served by the 10-volume Micropaedia, or Reedy Reference and Index.290 words
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AND OTHERS OVERSEAS MARKETS OCT. 20
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Article466 1976-10-23 7 SYDNEY: The market closed mixed on Thursday after a firm opening with sporadic profittaking paring gains, dealers said Hanersley rose nine cents to $2.34 and Its Aust Guarantee five cents to $186 following their highers results. Bhp was unchanged at $7.10 but Its rights lost six cents to $3.06.466 words
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Article382 1976-10-23 7 JOHANNESBURG: Gold shares were generally easier following lower overseas bullion Indications on Wednesday. Financial minings followed producers, with Aagles losing five cents to 395 and AagoM 25 cents to 2,050. D» Boars moved against the general trend, gaining five cents to 325. Coppers were very quiet and easier, and382 words
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Article153 1976-10-23 7 MILAN: The market closed higher throughout the list on Wednesday. Dealers attributed this largely to a technical reaction from previously heavily oversold positions. PUt, ireili Spa. Sola Viacoaa and Montedison firmed strongly among well Included Bastogi in flnanctals, Mediobanca in banks and Asslcuraxioßi General In Insurances. Bonds were marginally153 words
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Article264 1976-10-23 7 ZURICH: The bourse was firmer in selectively active buying on Wednesday. The Credit Suisse Index rose 1.0 points to 206.1. Juvena rose strongly, due to bear short-covering In continued reaction to the recent agreement with British American Tobacco. Bally Bearer, Schindler Bearer and Motor-ColumbiM also rose. Among Industrials, Laadis264 words
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Article285 1976-10-23 7 TORONTO: share prices rallied slightly in light afternoon trading as the Toronto Stock Exchange Industrial index closed off 0.17 at 178.04 on Wednesday. Tack Corp, which reported another copper-nickel mineralization find near Tlmmlns. Ont., shoved gains. Teck's A shares jumped 0.45 to 5-1/4 and Its B issue moved ahead285 words
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Article336 1976-10-23 7 PARIS: Shares eased on Wednesday ahead of the end of the account, dealers said. Banks, Insurances, and engineerings were resistant, although Grewot Loire fell. Portfolios, foods, automobiles and electrlcals were lower. Michelia, which reported lower first half profits, fell 17 francs to 1,210. Akthooi, which reported higher profits rose336 words
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Article355 1976-10-23 7 HONGKONG: The market closed higher on Thursday tn fairly quiet trading, boosted by strong buying Interest In Wbeeiock Marden shares, dealers said. Wheelock gained 20 cents to $2.55 following Wednesday s 7.5 cent again. The overnight rise on Wall Street and higher prices for Hongkong stocks in London also355 words
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Article163 1976-10-23 7 BRUSSELS: The market was mixed to lower with most falls In local Issues In quiet end-account trading on Wednesday. U.S. Issues fell, the fall In the dollar outweighing the rise on Wall Street, U K issues also declined, while Dutch. French and German stocks rose. Gold mines were depressed163 words
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Article455 1976-10-23 7 TOKYO: The market close higher as Interest revived in electrlcals and blue chips following the rise on Wall Street. The market average rose 10.92 to 4,637.91 with volume at 140 million shares. The Tokyo Stack Exchange index closed at 348 53. up lis points. Electrical* led the rise, with455 words
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Article80 1976-10-23 7 OCT 31 Bahts Asia Fibre 1206 Bangkok Bank >43 unch Bangkok Invert 143 unch Bangkok-Metro-politan Bank ***** unch Bau 3438 unch Berlt Jucker 1SS8 Charoong Thai Wire 143 unch Dumex DusltThanl Faber Merlin First Trust Indo-Thai 1658 unch J And J Ho 152 20 Jalaprathan 738 1 Cement Karnasuta80 words
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Article129 1976-10-23 7 MANILA: The market continued dull with fractional gains in the mining and oil sectors on Thursday. The Commercial and Industrial Average slipped 0.03 point to 74.94. Total turnover was 3.76 million pesos. OCT 21 Pesos Acoje Mining Atlas Con. A Atlas Con B Baguio Gold BenguetCon. B BF Goodrich129 words
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Article760 1976-10-23 7 LONDON, Thurs. The market closed quiet and little changed from its overnight levels ahead of the chancellor's speech tonight, dealers said. At the close, the Financial Times index was up 0.3 at 295.6. Government stocks were occasionally 1/16 easier in shorts while longs recovered earlier falls. Leading industrials tended760 words
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Article91 1976-10-23 7 FINANCIAL TIMES INDUSTRIALS Wednesday 295 3 Tuesday 302 4 Week ago 291.7 TIN Wednesday 117.71 Tuesday 117 80 Week ago 124.88 RUBBERS Wednesday 506 04 Tuesday 499 32 Week ago 485.04 OILS Wednesday 344.87 Tuesday 349.25 Week ago 332.00 DOW JONES AVERAGE INDUSTRIALS Wednesday 954.87 Tuesday 949.97 Week ago91 words
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Advertisement654 1976-10-23 7 Confront Singapore's decision makers in Business Times I For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these654 words
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Article1875 1976-10-23 8 SECTION ONE INDUSTRIALS im ffi*k Low Coafujr Laat Sal* Gr*a Dtv c'yt Gr'i y'H P/E V«l C0») Day Hi«k U» 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 158 172 394 39 Ac ma Alcorn Allied Choc Bata Ben1,875 words
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Article846 1976-10-23 8 BID and offer prices officially listed and business In and reported to the Stock Exchanfe of Singapore on Thursday with the number of shares traded shown in brackets In lots of 1000 units unlets otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big846 words
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Article155 1976-10-23 8 SINGAPORE UNIT TOUR ItUupr'! prion far Oct K) The Commerce. 1 87 1.75 The Skvlni Fund O.M O N S pore Prog. Fund 0 78 o Mxd S'pore Security Fund 1 24 190 S pore Invest Fund 1 08 107 ASIA UNIT TRUST |Mui|n' price* for Oct It)155 words
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Article293 1976-10-23 8 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 197Vlit Dec 1*77 (1,000.000) (101.688 101.788) S'pore Govt 5 1/2% Taxable Loan No 1 With A I 1976/1 Sth April I*7B (1,000.000) (101 588 101.70S) S'pore Govt 1/4% Taxable Loan No I With A 1293 words
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Article1163 1976-10-23 8 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange on Thursday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS: ACMA (1 7SB A0n»n»l» (1 8SB). A. Tap* (0 438)1,163 words
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Advertisement143 1976-10-23 8 found only in the best company... Penguins in Business and Management Unctorstanding Company Financial Statements: J. 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. Falk Modern Business Enterprise:143 words
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Article575 1976-10-23 9 SHARES tended lower ia very thin trading at the Stock Exchange of Singapore on Thursday aa investors and dabblers continued to snake themselves scarce. Moat of the commitments of earlier weeks had apparently been squared up, leaviag oaly a few outstanding positions here and there. Without575 words
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Article450 1976-10-23 9 SHARES were traded without any significant range nor volume In a generally featureless market at the Kuala Lumpur Stock Exchange on Thursday. The spread of activity was narrowed considerably as speculators were wary of fresh commitments for want of rangffc to manoeuvre. The bulk of450 words
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Article767 1976-10-23 9 OWING te a Mapatw malfunction ytiUriajr folio wiag the island-wide power failure aa Thursday, Buaiaaaa Tlmea' overseas share iafansatisu sarvies su ia r sulfa si te the last price only. No price change la given. NEW YORK: Heavy selling of Blue Chips and Olamours spilled over to the767 words
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Article188 1976-10-23 9 AMBTERDAM: Shares closed mostly firmer on Thursday but off their day's highs and trading was quiet, dealers said. OCT >1 ru Ahold tl.SO Akzo 27.30 Alfbank AMEV 2*5 00 48 50 Amfai 80 00 Amrot Bank 85 80 Dcrgcwi Berk 140 00 108 50 Bob 78 50 Bonumij 88188 words
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Article147 1976-10-23 9 FRANKFURT: Shares were mixed In quiet trading on Thursday, after a firmer opening trend foundered on a lack of follow-up orders, dealers said. OCT 11 Dm ABO 11.10 -o ao AJtzo AlU Leben Alii Vera BajHTWtmnk ■VTbUI BBC BMW CtmmVm 1M.M WM MM -4.M Turn until ConUOuauaT Dtlmter-Btpa 17)147 words
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Article185 1976-10-23 9 ZURICH: The market closed mixed in generally quiet dealings on Thursday. Interest* centred on Jeveaa shares which rose sharply in large turnover due to continued short coverings, dealers said. OCT 11 Franc* Actions Suisse* Alusulne Br. Alusulsae Rag Brown Borerl Br. Clba OelgX Br Clba Oeigy PS Clba OelgyDm185 words
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Article275 1976-10-23 9 SYDNEY: The market closed mixed on Friday with mining leadera shoving- marginal changes and most banks easing, dealers said. The Sydney AU-Ordlnarles fell 2 06 points to 440.42. oct 22 Cents INDUSTRIALS A. C. I ADC A.N.I A. P. M Ampol Pet BHP Bank NSW Boral Brambles C.B. A275 words
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Article300 1976-10-23 9 JOHANNESBURG: Golds moved generally easier in featureless trade on Thursday following lower overseas bullion indications, dealers said OCT >1 Rand INDUSTRIALS A Alpha as A* And CI A1UC ATI ISO 790 Barlows &F" Currte Finance De Beers Ind Edcon Edgars 252 S45B ISO 40B Ml 215 2525 2 Fed300 words
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Article106 1976-10-23 9 MILAN: Stock* were moderately higher in fairly active trading on Thursdays, Bourse sources said. Most industrial and financial leaders gained while Halcement!. Mediobanca. Motta were among stocks to lose points OCT 21 Anlc Lire 411 ***** Butofl Ccntnfe n»t »H 7305 1437 236.25 10» SO mpri I talc* menu106 words
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Article215 1976-10-23 9 TORONTO: Share prices turned lower In very light trading on Thursday by the end of the session of the Toronto Stock Exchange. The only index to register an advance was Western Otis. Industrials were off 0.96 at 177.60. E' *i H »J 10S 1* ~^wUUUUUi 24* mm 1: 2JS215 words
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Article344 1976-10-23 9 HONOKONO: The market closed sharply higher on Friday in more active trading after a cautious start, boosted by a positive reaction to the announcement that Hongkong Lagd may bid for Wheelock Marten and by expectation of further potentially bullish news from China this weekend, dealers said. Wheelock Marten shares344 words
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Article83 1976-10-23 9 BRUSSELS. The market was generally higher on Thursday, though volume and price movements were slight, dealers said. OCT M Pr» FORWARD MARKET Acec 313 Artwd 3M0 As tar 1000 Brascan 410 Bru-Uunb 17S0 040 Canpac Cock 598 DeBetri 102 Ebes 1920 EI«ctrobet 5520 1440 Gb-Inno-Bm Oev 1MI Hobok 310083 words
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Article287 1976-10-23 9 TOKYO: The market closed lower on Friday as late profittaking and liquidations more than offset initial gains, dealers said. The market average fell 19.10 tp 4,618.81 with volume of 100 million shares. The Tokyo S.E. Index closed at j4».»7down Q. 33. ocr a Yen AJtnomoto 41? 43S Asahl Chem287 words
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Article280 1976-10-23 9 PARIS: Share prices fell on Thursday after Deputy Finance Minister Michel Durafour reaffirmed the Oovenunent's intention to reintroduce Its special anti-inflation tax on Jan 1 1977, dealers said. OCT Pra CORBEILLE Alr-Uqulde BSNOervtU □anone C 8 F (ThomsonCaf) Cle Francaise des Petroles Citroen 8A Compagnle Financier* Compacnle Generate Credit280 words
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Article87 1976-10-23 9 oct a Bants Asia Fibre 1206 unch Bangkok Bank 243 unch Banfkok Invest 143 unch Bangkok-Metro-politan Bank ***** unch Bata 3438 unch Berti Jucker 1558 unch CharoongThal Wire 143 unch Dumex DusltThani Faber Merlin Pint Trust Indo-ThaJ 185S (inch J And J Ho 152 unch Jalaprathan Cement 738 unch87 words
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Article96 1976-10-23 9 MANILA: The market continued generally lower, dealers said. The commercial and mining sectors fell while oils generally held firm. oct a Pesos Acoje Mining .018 Atlas Con A 29 75 Atlas Con. B 30 00 Baguio Gold 012 Benguet Con B BF Goodrich CDCP Inco B 01 Lepanto B96 words
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Article721 1976-10-23 9 LONDON, Fri —Lack of Interest made for a tower trend, helped by the relative firmness of sterling but interest was negligible, dealers added. Short maturities firmed around 1/I®, while others were 1/8 higher where changed. LeauuiK equities averaged falls oi 2p to 6p but Unilever Tost 8p because of721 words
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Article98 1976-10-23 9 FINANCIAL TIMES INDUSTRIALS Thursday 295 6 Wednesday 295 3 Week ago 289.0 TINS Thursday 117.71 Wednesday 117.71 Week ago 122 21 RUBBERS Thursday 500.31 Wednesday 506.04 Week ago 476 24 OILS Thursday 348.04 Wednesday 344 87 Week ago 334.12 DOW JONES AVERAGE INDUSTRIALS Thursday 944.80 Wednesday 954.87 Week ago98 words
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Advertisement341 1976-10-23 9 'J l l5 Yes, Penguin books are not to be found Fn any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar ma lam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, entertaining in a wholesome way, highly educational quite unlike the type341 words
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COMMODITY REPORTS AND PRICES
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Article666 1976-10-23 10 the Singapore rubber ma l °P®nd slightly lower on Thuraday. Profit taking and weekend squaring pushed prices further down, dealers said. Past noon, November was quoted at a low of 207.50 cents but recovered fractionally towards the close while forwards and physicals demand remained sluggish, they said. Trading666 words
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Article109 1976-10-23 10 DAILY SSR and SMR prices at noon yesterday: R.A.S. Nov. (Current Mth) Buyer* Sellers (cents per kg) Date. (Forward Mth) Buyer* Seller* (cents per kf) SSR 20 SSR 50 (1 ton Pallets) (1 ton Pallets) 190.00 187 50 192.00S 189 50S ***** 188 50 193 OON 190.50N109 words
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Article187 1976-10-23 10 THE Straits tin price In Penan* on Thursday fell $3.50 to close at $1,190.00 on an official offering up 39 tonnes to 252 tonnes. In LONDON on Friday, tin fell by £20 per tonne for Cash and £25 for Three Months in both contracts. The market extended Thursday's187 words
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Article30 1976-10-23 10 Rubber: Oct. 21. Singapore: Nov. 207.00 eta. (down 2.7S eta.) Malaysia: Nov. 212.00 eta (down 2.75 eta.) Tin: $1,190.00 (down $3.50) Official offering: 252 tonnes (up 39 tonnea).30 words
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Article132 1976-10-23 10 LONDON, Fri Silver lost between l.Op and 1.5p per troy ounce. The market remained virtually neglected with values slipping back from the initial steady kerb levels in sympathy with the trend in base metals. Sales of 42 lots were about half carries. In NEW YORK on Thursday, silver futures132 words
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Article121 1976-10-23 10 THE following Palm Oil prices were quoted in London on Thursday The prices are elf Rotterdam and are quoted in U8'dollars per long ton unless otherwise stated Malaysian 5* ffa bulk Dec Jan Sumatra 5% Oct Nov Dec Jan Feb Mar Nigerian 5% Ha bulk sterling per long121 words
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Article232 1976-10-23 10 CHINESE PRODUCE EXCHANGE. SINGAPORE NOX)N CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $70 tellers, old drum <75 sellers, new drum MO sellers. Copra Mixed (loose) UK/Cont. *45 buyers. Pepper: Muntok ASTA white fob 100% NLW $325 sellers. Sarawak white ob 98* NLW S3O7S sellers. Sarawak special black232 words
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Article338 1976-10-23 10 IN the Singapore gold market on Thursday the kilobar was quoted in the range of 559,160 $9,200 with most operators excercising caution ahead of the Deepavall holiday. On Friday no activity was seen in the kilobar, though for London delivery the metal was quoted nominally at U*****.40 in line338 words
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Article262 1976-10-23 10 LONDON, Fri. Copper wirebars finished showing losses of fully 112.50 per tonne for Cash and 113.50 for Three Months. Prices declined on the early pre-market New York trend and expectations of a small rise in warehouse stocks. Three Months traded down to i'Bol per tonne before bouncing back to262 words
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Article92 1976-10-23 10 LONDON, Fri. Zinc declined by 16.25 for Cash and 16.75 for Three Months. This metal followed the general trend with scattered long liquidation pushing the Three Months position down from 1404 on the premarket to 1400 in the ring and to 1398 on the kerb. Sales were 1,325 tonnes.92 words
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Article64 1976-10-23 10 LONDON. Fri. Lead lost 16 per tonne all round. Prices fell away in sympathy with copper as tired long liquidation took Three Months from 1294 on the pre-market down to 1290 in the' ring although further covering of cash developed and the market was steady at the lower levels.64 words
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Article114 1976-10-23 10 LONDON, Frl. Terminal opened steady £0.60 higher to C 0.75 lower. Sales totalled 816 lots. Dealers said there were rumours circulating of further cheap sales to Japan but confirmation was lacking. The sources also noted that US sugar deliveries for the week to Oct. 16 had fallen below 200,000114 words
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Article119 1976-10-23 10 LONDON, Frl. Robusta futures opened with gains ranging from £12 to £21 per tonne. Volume at the opening call was 137 lots. Dealers said good all round support contributed to the advance with levels in all but the near Nov position trading in the £2,000 area. The support was119 words
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Article131 1976-10-23 10 BANGKOK, Frl. indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok, Loonzain Unchange, Parboiled Unchanged, Maize Unchanged. In HONGKONG yesterday, the market was quiet with prices down 20 cents to HKBS. The day's turnover totalled 283 tons comprising Thais 90 tons, Kwangtungs 112 and131 words
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MONEY AND EXCHANGES
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Article482 1976-10-23 10 TRADING In the Singapore domestic money market was reported as dull because of the flushed money situation in the Interbank system. Dealers Interest was largely confined to overnight funds which opened at three per cent either way, and fell to close at 2V* to 2% per cent as a482 words
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Article181 1976-10-23 10 Asian rates ASIAN currency deposit interbank raies as at close on Oct 21 VS OolUrt (Spot) Offer Bid 7 days i J/4 5 1/2 1 mth S 3/8 5 1/4 2 mths ..5 1/4 5 1/8 3mths 5 7/18 5 5/18 6 mths 5 J/4 5 5/8 mths 5 15/18181 words
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Article53 1976-10-23 10 RANGE of prices offered bv di* count houses on Oct 21 Overnight 2H to 3VkH Call deposit 2\ to 3^H Ua am, .mi Sell 3-Month Treasure bills 33/16 31/16 3-Month Banks bills 4 5/16 4 3/16 3-Month CD 4 3/1 4 1/8 0-Month CD 413/16 4 3/4 Source:53 words
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Article241 1976-10-23 10 Euro rates LONDON, Frl Eurodollar deposits opened basically steady and showed little movement in early quiet pre-weekend trading, dealers said. Some market sources noted a steadier undertone, after recent easiness, and felt rates were at or near the bottom for the present. They cited the rlsl in US money supply241 words
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Article54 1976-10-23 10 RESLLTB of Treasury bills tender held on Oct. 21 for 91-day Treasury bills to be issued from Oct. 25 to 29. Offered: 140 million. Applied for: $146,000,000. Alloted: $40 million. bids: $99.21 approximately 11 per cent; higher bids in full. Average rate of discount on allotment: 3.14054 words
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Article58 1976-10-23 10 Minimum lending rates (in w l"l ACBC 7 Algamarw Bonk 7 SSfsr^SU:::") Book of China 7M Bonk of Tokyo 7 Bonk Nogoro 1 n donatio Jift Bank 7 Chaw Manhattan 7 DBS 7 First Chicago 7 Citibank 7 HKSBC 714 Indotuaz 7 Maloyan Bonking 7 Mitwi Bank 7 OCBC 758 words
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358 1976-10-23 10 It has been a quiet and thin trading period and little can be said about the market nevertheless levels gradually rose by a total of five cents before profit-taking at the end eroded half the gain, said Holiday, Cutler and Bath in its weekly358 words
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Article452 1976-10-23 10 LONDON, Prl. Falling German Interest rates generated light mark sales in early trading, helping sterling and the dollar against European currencies generally, dealers said. With German short dated interest rates around two per cent, compared with 31/2 per cent earlier this week, dealers said the upward pressure on the452 words
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Article169 1976-10-23 10 In NEW YORK on Thursday, the dollar closed moderately higher in quiet trading here, helped by the slower US consumer price index rise, dealers said. The mark closed at 41.20/22 cents, down from Wednesday's 41.21/23 and down from its high in the day of 41.30/32 cents. Dealers said169 words
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Article162 1976-10-23 10 TOKYO, Fri. The US dollar for over-night delivery closed higher at 293.25 yen compared with 292.60 at Thursday's close, dealers said. The US currency initially advanced, opening at 293.30, on increased covering to meet needs early next week and followed a decline in the yen value in overseas centres,162 words
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Article34 1976-10-23 10 HONGKONG bank notes quoted on Oct 22: US 4.83/4.85 UK 7.90/8.10 Burma 2.00/2.50 India 4.50/4.80 Indonesia 1.12/1.16 Japan 1.645/1.655 Korea 0.91/0.96 Philippines 0.585/0.615 Singapore 1.95/1.97 Malaysia 1.90/1.92 Brunei 1.905/1.925 Thailand 23.30/23.60 Taiwan 11.90/12.2034 words
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Article40 1976-10-23 10 ZURICH exchanges quoted on Oct 21: US 2.4443-4458 UK 4.0280-0315 Can 2.5100-5120 W Germ 100.79-90 Neth 95.88-96 France 49.15-20 Belg 6.56-1/2-58 Denm 41.09-13 Norw 45.81-85 Swed 57.25-30 Italy 0.2808-2816 Austria 14.19-22 Port 7.78-81 Spain 3.58-1/2-59-1/4 Arg 1.25-2.25 Japan 0.83-1/4-83-3/440 words
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Article50 1976-10-23 10 AUSTRALIA/NZ exchanges quoted on Oct 22 Australia: Sterling 0.7517/0.7439 US dollar 1.2361/1.2311 Ninety day air mall buying rates: Sterling 0.7883, US dollars 1.2641 Ninety day forward buying rates: Sterling 0.7686. US dollars 1.2200 New Zealand: Sterling 0.5884/0.5850 US dollar 0.9734/0.9634 Ninety day forward rate: Sterling 0.6398. US dollar 0.992250 words
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Article32 1976-10-23 10 FRANKFURT exchanges quoted on Oct 22: US 2.4235/40 (2.4272/87) Can 2.4915/30 UK 4.00/01 Neth 95.10/25 Switz 98.95/99.10 Italy 2.78/2.81 France 48.70/85 Norw 45.48/55 Belg Com 6.51/52 Belg Fin 6.39/40 Japan 0.8260/7532 words
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Article277 1976-10-23 10 LONDON, Fri. Eurodollar bonds were largely unchanged in low volume, dealers said. Dealers said the US money supply figures were a neutral factor in the market. Increasing activity in the primary sector continues to draw funds from the secondary market. Convertible bonds tended quietly easier in places. Eurobond277 words
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Article107 1976-10-23 10 Reuter ROME, Fri. World Jute production In 1976/ 77 Is estimated at 236.1 lakh bales 4.25 million tons, against 219.2 lakh bales (4 million tons) in 1975/ 76, the UN Food and Agriculture Organisation (FAO>sald. In Its review of the 1975/ 76 season the FAO noted betterReuter - 107 words
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Advertisement72 1976-10-23 10 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business limes BUSINESS TIMES Subscription Form Payment /or S is enclosed All subscriptions are payable in advance and should be drawn in favour of Times Business Publications Ltd. Send completed form to: Times72 words
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TRANSPORT AND COMMUNICATIONS
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945 1976-10-23 11 TERESA LIM - By TERESA LIM WITH only about two more months to go to the year's end, the Applied Research Corporation (ARC) has already made a record turnover, of about $600,000. 2V» times better than last year's. And to top this, the ARC also945 words
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456 1976-10-23 11 ROBERT LINDSEY - By ROBERT LINDSEY NYT TO GET people out of their cars in an effort to cut down on pollution and traffic Jams, state officials here recently turned over one lane in each direction of California's busiest freeway to buses and car pools. Reaction amongNYT - 456 words
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499 1976-10-23 11 MICK BATTYE - By MICK BATTYE Reuter BELGIANS who reach the age of 18 this year will be the last of the lucky ones. Until the end of the year they will be able to get a driving licence simply by producing a certificate sayingReuter - 499 words
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Article, Illustration405 1976-10-23 11 EXPECTED ARRIVAL TODAY KEPPELWHARVES Clara Maersk (1830 tbc) 35/36 Ever Harmony (2300 tbc) 31/32 Jens Maersk (0500 tbc) (Must sail not later than 1100/24 th) 42/43 King Horse (2300 tbc) 5 Koyo Maru (1500) 8/9 Labu (1500) 24 Loon Sheng (0600) 19 Roybank (1500) 46 S.trathmulr (2300 Must405 words
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426 1976-10-23 11 AP CAMBRIDGE, (Ma..a chuaetta), Fri. Developers at Maaaachuaetta Institute of Technology have invented two bisarrelooking bicycles they say are so safe, fast and comfortable that they could dramatically change the world of pedal puahing. The bikes, put together by an engineering profeaaor andAP - 426 words
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Article523 1976-10-23 11 ARRIVALS OWM Onermtor Numba i Loca r Tim J From CAL JAL SIA CI333 JL712 SQ209 0040 1000 1010 TPE/HKG/KUL HLP HLP CPA GIA CX710 GA980 1020 1030 HLP HLP THAI GIA PAL CPA SIA TG423 GAMS PR501 CX003 SQ240 1035 1100 1115 0145 1206 BKK MES523 words
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154 1976-10-23 11 UPI TOKYO, Frl. The number of vehicles In Japan passed the 30 million mark In August, the Transport Ministry said recently. The ministry said the total number of cars, motorcycles, trucks, buses and special vehicles In the country as of the end of AugustUPI - 154 words
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Article82 1976-10-23 11 Reuter VIENTIANE, Frl. Vietnam is starting next month its first tourist trips to Ho Chi Minh City (formerly Saigon) since the communist victory in South Vietnam last year, informed sources said here today. The sources said the monthly tours, at US$BOO for two weeks, would run from VientianeReuter - 82 words
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Page 11 Advertisements
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Advertisement97 1976-10-23 11 o V V J J A >* < i .0. < 0. 8| 0 ft I •< 0 CExotic cuisine passionately recommended Prawn musalla Selected fresh prawns cooked with subtle spices, onions, paprika juice and sauce Tubarine. Araby Choice cuts from tender lamb cooked with spinach, ginger sauce and green97 words
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Advertisement198 1976-10-23 11 ASM®MONTHLY ECONOMIC REPORTS With monthly political mpphnwnt for UP-TO-DATE HANDY REFERENCE I*llll^9l *"v *%4 *1 m 1 r< i- 1 .fc-tfC ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of198 words
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1620 1976-10-23 12 DAVID LASCELLES - By DAVID LASCELLES Financial Times IT USED to be the Far East. Now East Europe has the doubtful privilege of being the most frequent target of British accusations of dumping. The list of Imports which have caused complaints has lengthened every month this year.Financial Times - 1,620 words
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415 1976-10-23 12 SHOLA RANA - By SHOLA RANA UPI THE Himalayan Hindu kingdom of Nepal has taken a serious note of the recent move by the government of neighbouring India to restrict the movement of Nepalese nationals across the open border between the two countries. Relations betweenUPI - 415 words
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1208 1976-10-23 12 LEONARD SILK - By LEONARD SILK NYT THE effort to solve the mystery of the current economic slowdown and decline in the stock market has a certain resemblance to the plot of Agatha Christie's "Murder On The Orient Express," in which virtually every one on the trainNYT - 1,208 words
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738 1976-10-23 12 T. MULLANEY - By T. MULLANEY NYT EARLY retirement in Florida began to pale several months ago for Stanley young, a veteran Asian hand. He missed the attractions of this part of the world after a four-year absence, and so he decided to acceptNYT - 738 words
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Page 12 Advertisements
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Advertisement153 1976-10-23 12 OPERATION 6 THUNDER: the Entebbe raid EXCLUSIVE STORY OF WHOLE ENTEBBE AFFAIR MOST EXCITING FEAT OF ARMS FOR DECADES. PROVIDES FACTS NEVER BEFORE REVEALED. A PENGUIN SPECIAL. X. 1 a MM Mil m V M 1 •I'M m 3P" NOW AT ALL the raid which amazed the world by its153 words
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Article, Illustration793 1976-10-23 13 Reuter LONDON, Frl. UK Chancellor of the Exchequer Denis Healey rejected calls for a massive deflation of the British economy while stating that the Government might have to Increase the speed with which It moves towards the goal of a balanced economy. In a speechReuter - 793 words
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Article187 1976-10-23 13 GEORGE Cohen is entering a new era In its Singapore operations by going into manufacturing. Sir Jack Wellings, chairman and managing director of the 600 Group, its parent company, said this when he opened the company's new premises in Jurong on Thursday. The company,187 words
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Article56 1976-10-23 13 Reuter BERNE, Fri. Switzerland does not exclude intervention on the free gold market but sees no need for it in present circumstances, Swiss National Bank president Fritz Leutwiler said. He told a press conference it is too early to comment on the bank's policy forReuter - 56 words
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794 1976-10-23 13 ALTHOUGH slow in acknowledging the advantages of on-line computers, compared with banks, airlines and insurance companies, the era of on-line has at last arrived for the retail trade-industry. And by 1985, most big department stores in developed countries are expected to reDlace cash registers794 words
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Article, Illustration839 1976-10-23 13 BARBARA CONWAY - By BARBARA CONWAY What is comfortable, well-managed, with light, airy rooms and just a couple of obvious drawbacks? The correct answer, which may not immediately leap to mind, is apparently Changi Prison Hospital in Singapore. Not, perhaps, the common view of Changi, but839 words
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442 1976-10-23 13 TRACTORB Singapore Intends to aet up a subsidiary company to handle the assembly of marine and Industrial engines. This was revealed by Mr T. Kanagarajah, the general manager, at a press preview of Tractor's new $14 million service, distribution and storage complex442 words
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281 1976-10-23 13 Reuter NEW YORK, Fri. A modest rise In US narrowlydefined money supply and a brighter set of US economic indicators this week than last confirms monetary policy is set for nearterm stability, economists said. The New York Federal Reserve Bank said M-l roseReuter - 281 words
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Advertisement557 1976-10-23 13 APPOINTMENTS A PROGRESSIVE HOTEL IN SINGAPORE invites experienced hoteliers for the post of TTTM 7 Applicants should possess the following prerequisites: Between 35 and 45. Qualification* A Experience: 1. Possesses a good formal education. 2. Has extensive experience in all facets of hotel operations and must have demonstrated in a557 words
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Advertisement489 1976-10-23 13 The SGV Group for Clients A financial institution in Singapore invitas applications for the post of: MANAGER-LOANS about 5540,000 p.a. Responsibilities: The successful candidate will pley a key role in the development and growth of the organisation's lending operations. He will assist senior management in evaluating major loan applications and489 words
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399 1976-10-23 14 AP UPI OTTAWA, Fri. -The Canadian Oovernment has warned Canadian businesses that they face loss of government assistance and adverse publicity If they comply with the Arab boycott of Israel campaign. But at the same time the businessmen learned that If they canAP; UPI - 399 words
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Article182 1976-10-23 14 Reuter BANGKOK, Fri. Thailand's Prime Minister, Thanin Kraivichien today announced a 17-member cabinet composed largely of little-known public figures, like himself. Named as Foreign Minister was the current Thai Ambassador to the United States, Mr. Upadlt Pachariyangkun, a 55-year-old career diplomat who went to Washington lastReuter - 182 words
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Article105 1976-10-23 14 Reuter BANGKOK, Frl. Mr. Thanat Khoman, Foreign Affairs adviser to the ruling military council, said here that Vietnam would not have attacked Asean "so ferociously" unless Asean was a promising organisation. He told newsmen here yesterday: "That is why Vietnam finds it very distasteful toReuter - 105 words
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369 1976-10-23 14 Reuter TOKYO, Fri. Canadian Prime Minister Pierre Trudeau told Japanese business liatos today they should not worry about Canada's policies covering the expert of resources er the import of investment capital. "Our policy tf resoumo' exports is to share what wo have with othersReuter - 369 words
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Article488 1976-10-23 14 GOVT TO UPDATE FRAUD ACT Reuter LONDON, Prl. The UK Government Is to legislate against Insider trading as soon as theopportunlty permits. Announcing this In Parliament, the Trade Secretary, Mr. Edmund Dell, said the new law win also Impose tighter restrictions on loans byReuter - 488 words
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Article, Illustration509 1976-10-23 14 EMPLOYERS should take the opportunity of working with unions either to establish productivity committees or make It more effective where one has already been established, since the trade union leadership has come out In support of higher productivity. This was stressed509 words
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441 1976-10-23 14 EMPLOYERS should not be too legalistic In Interpreting labour laws because It Is more Important to respect the spirit of the laws than the wording. Mr. Jack Chla, president of the Singapore Emplo-* yers' Federation, also said at Its annual dinner that managements do441 words
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312 1976-10-23 14 Reuter HONGKONG, Fri. China today accused the Soviet Union of trying to conquer Western Europe In a fiery broadside which listed Soviet "crimes" In almost all quarters of the world. The Soviet Union, declared the lengthy commentary carried by the official New ChinaReuter - 312 words
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Article276 1976-10-23 14 Reuter BEIRUT, Fri. Lebanon's Arab-backed NiMflri is •till being widely obeerved despite sporadic shelling and dashes on a raindrenched first day. There had been doubts here as to whether the ceasefire, the 55th in 18 meaths of civil war, would prove any moreReuter - 276 words
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Article158 1976-10-23 14 Reuter LONDON, Fri. The wealth gap between rich and poor in Britain has continuously narrowed since 1960, according to a report published today. In 1974 the top one per cent owned 25 per cent of the nation's wealth, the top five per cent 47.4 per cent,Reuter - 158 words
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166 1976-10-23 14 UPI OTTAWA, Frl. The Export Development Corporation announced yesterday it will lend up to USJ 40 million (Ss96 million) to support the sale of US$6O million worth of Canadian equipment and services for a nickel exploration, mining and processing facility in Sulawesi,UPI - 166 words
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Article24 1976-10-23 14 Reuter TAIPEH, Frl. Taiwan's central bank today lowered its Interest on lendlngs to commercial banks by 0.75 to one per cent. Reuter.Reuter - 24 words
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Article, Illustration230 1976-10-23 14 UPI PHILADELPHIA. Fri. United Nations Secretary General Kurt Waldheim (above) last night called for international negotiations to stave off a confrontation between industrial and developing coantires. "An adversary relationship between these groups could be as divisive and disruptive as the socalled cold war betweenUPI - 230 words
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Article28 1976-10-23 14 THE Kuala Lumpur Stock Exchange has delisted I.A.C. (Holdings) from Oct 20 following the company's takeover by Carlcor Ltd. lAC was delisted in Singapore on October 1.28 words
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408 1976-10-23 14 Reuter WASHINGTON, Frl. President Ford and Democratic challenger Jimmy Carter hold the last of their three television debates tonight, a 90mlnute encounter that could have a crucial Impact on the Nov 2 presidential election. After a campaign short on substantive policy clashes andReuter - 408 words
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Article184 1976-10-23 14 Reuter TAIPEH, Frl. Taiwan's cabinet has approved the outline of an economic plan for 1976 to 1981 which envisages an average growth in Gross National Product of 5.8 per cent, the Government Information office said. Approval of the plan enables ten major construction projects now underReuter - 184 words
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Article97 1976-10-23 14 Reuter PARIS, Fri. The tourist industry in the world's leading non-communist industrial nations has recovered more quickly than any other economic sector from the world oil crisis three years ago. For the first time tourist expenditure topped US$3O billion (SS72 billion) in 1975 In the 24 memberReuter - 97 words
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Advertisement188 1976-10-23 14 The Corporate Dollar Capital Idle Working Capital Overheads Taxes Reinvestment Cash *1 4 M *> Ji i A P Wwj*' iPEWJVIEN Put your idle cash to work with American Express International Whether you do business in one currency or a dozen, at a single location or around the world: We188 words
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Advertisement130 1976-10-23 14 r AN UNCOMMON LUNCH served by happy people At The Continental, we enjoy doing things differently Like offerinq a choice of 3 superb roasts on silver wagon for lunch There s US prime rib of \beef. Roasted American style. Or pork ala/ed with honey and beer for that extra crisp130 words
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