The Business Times, 6 December 1976
1976-12-06
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The Business Times
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Title Section10 1976-12-06 1 BUSINESS TIMES M.C.(P) 1455/76 MONDAY, DECEMBER 6, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article72 1976-12-06 1 UPI GENEyA, Sun. The Rhodesia conference faced a critical week today with an angry Rhodeslan Premier lan Smith returning to the talks and rival factions bitterly divided on the kind of government to run the country before black majority rule. The conference, now in its seventh week,UPI - 72 words
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Article71 1976-12-06 1 Reuter PEKING, Sun. The people's Dallv reported yesterday more than 12,000 troops were mobilised in troubled Fukien province to counter sabotage and factionalism by followers of the purged "Gang of Four" who plotted to seize power there. It gave the first details in the national media ofReuter - 71 words
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Article68 1976-12-06 1 Reuter MEXICO CITY, Sun. Land-hungry peasants yesterday refused to budge from their armed encampments in northern Mexico, maintaining the first serious challenge to the country's new government. Officials in the troubled state of Slnaloa, 1,000 km northwest of here, said the peasants had Ignored appeals to disperseReuter - 68 words
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Article67 1976-12-06 1 SUNGAI WAY, (Selangor), Sun. Mentri Besar Datuk Hormat Rafie called on industrialists from the free trade zone here today to hold discussions with the authorities on the question of providing housing facilities for the workers. Opening a civics course for employees of factories in the area, he said67 words
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Article66 1976-12-06 1 Reuter BANGKOK, Sun. Twenty five top bankers from Asean met here today at the second banking conference. The two-day meeting of the Asean Banking Council (ABC) would touch on the financing of agricultural and agro-based industries, the promotion of Investment and trade projects, the creation of aReuter - 66 words
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Article46 1976-12-06 1 Reuter SINGAPORE, Sun. After weeks of vitriolic attacks on Thailand's government, Vietnam today sent birthday congratulations to Thai King Bhumibol Adulyadej. The message to the king, who is celebrating his 49th birthday, was from President Ton Due Thang, Radio Hanoi reported. Reuter.Reuter - 46 words
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Article54 1976-12-06 1 MR. LEE Kuan Yew is on an unofficial visit to Malaysia starting today at the invitation of the Malaysian Prime Minister, Datuk Hussein Onn. The two-day visit follows talks which the Prime Minister had last week with President Suharto of Indonesia and the Thai Prime Minister54 words
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Article94 1976-12-06 1 UPI TEHRAN, Sun. Organisation of Petroleum Exporting Countries experts will meet In Dohar, Qatar, within the next 10 days in special session to put final touches on the report on oil prices they drew up in Vienna recently, the newspaper Kayhan international reported today. Bljan Mossavar-Rahmani,UPI - 94 words
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Article81 1976-12-06 1 AP UNITED NATIONS, Sun. South-east Asian diplomats yesterday predicted a two-year delay in the UN action they are seeking to get poor countries mass communication systems with which to rally their people behind development programmes. Indonesia, Malaysia, Philippines, Singapore and Thailand want the United Nations toAP - 81 words
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Article109 1976-12-06 1 THE following list of stocks gives the 10 most dealt in last week. It gives the turnover!* thousands of units, closing prices on Friday and high and low for 1976. Company Turnover Price* High Low 000 DecS 197C Slme Darby 774 $3.14 $4.18 $2.98 U.O.B Rights Haw109 words
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LOCAL STOCK INDICES
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Article66 1976-12-06 1 Nov 29 Nov 30 Doc 1 Dec 2 Dec* +B.T. Index: 239.34 237.09 239.79 Closed 242.45 'Industrials: 245.02 244.38 245.02 Closed 245.72 Finance: 43S.02 433.22 434.30 Closed 432.88 ••Hotels: 150.33 151.28 151.35 Closed 152.07 •Properties: 137.90 137.74 138.25 Closed 138.87 +Tlns: 98.15 95.93 95.93 Closed 96.83 rubbers: 320.82 320.8166 words
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Article78 1976-12-06 1 Nov 2# Not 39 Dae 1 Dec 2 Dm) +B.T. Index: 180.19 177.11 Closed 179.07 181.17 'Industrials: 268.69 268.66 Closed 268.30 270.12 Finance 373.05 369 62 Closed 371.23 374.16 "Hotels: 169.76 169.84 Closed 169.84 170.S6 •Properties: 138.73 138.44 Closed 138.68 139.59 +Tlns: 91.84 92.71 Closed 92.78 93.08 rubbers: 298.4078 words
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Article, Illustration1012 1976-12-06 1 GROUP BACKS COMPROMISE PLAN THE Oversea-Chinese Banking Corporation group of companies will jive their support to Tun Tan Slew Sin, former Malaysian Finance Minister, if he were nominated as chairman of 81me Darby Holdings. This was reliably learnt last night from sources close to1,012 words
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Article156 1976-12-06 1 Reuter KUALA LUMPUR, Sun. Malaysia's rubber freight committee and tbe Far East Freight Conference (FEFC) have failed to reach agreement an a contract for carriage of Malaysian rubber and lain to Fnrepe by FEFC ships. A joint statement issued at the end of the two-dayReuter - 156 words
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665 1976-12-06 1 THE Government is to ask the National Wages Council to consider a recommendation to discourage Jobhopping for frivolous reasons by making NWC benefits applicable In proportion to the number of months a worker has worked with the same employer in the past year. This665 words
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280 1976-12-06 1 TOKYO, Bun. Japan's ruling Liberal Democratic Party (LDP) took an early lead in unofficial vote counting in today's general elections with former premier Kakuei Tanaka a key figure In the Lockheed scandal that rocked the LDP one of the early winners. Mr. Tanaka280 words
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357 1976-12-06 1 Reuter GENEVA, Sun Substantial increases In oil prices could lead to a world trade war, according to leading energy and trade experts. Pressures on some leading Industrial nations and developing countries to introduce protectionist measures to defend home markets will be tooReuter - 357 words
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159 1976-12-06 1 NYT WASHINGTON, Bun. A.W. Clausen and Ivlng Shapiro, who had been reported to be the two leading candidates for the P<*t of Treasury Secretary under President-elect Jimmy Carter, have both asked that their names be withdrawn from consideration. l£r. Clausen, president and chief executive officer ofNYT - 159 words
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302 1976-12-06 1 storehouses of raw materials for the Industrial countries." With a small population relative to its resources, "our economic problems are more easily nqfLnageable and do not call for extreme measures." He went on: "We believe In the efficiency and dynamism of private enterprise302 words
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137 1976-12-06 1 AP NEW ORLEANS, Sun. A would-be purchaser apparently has come forward to take over International City Bank, which had been declared Insolvent. But a judge had not decided whether to approve the takeover, a Federal official says. The 10-year-old bank, which lists US$l62 millionAP - 137 words
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Article104 1976-12-06 1 UPI TOKYO, Sun. The Japanese Government intends to approve the sale of three computers to China, Kyodo news service reported today. China has ordered one Ml7O type and two Ml6O type computers, both developed with government financial aid, from Hitachi. Kyodo said the Govern- ment will ask theUPI - 104 words
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Page 1 Advertisements
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Advertisement24 1976-12-06 1 ®Wjyfbong hand when Wayfoong Mortgage you need and Finance (Singapore) Limited ll fflOSt Shaw House. Ground Floor. 354 Orchard Road, Singapore 9. Td: *****7. ~<|-_/=,!];^/}~{{}/}=*.{&~)$/!;24 words
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Advertisement80 1976-12-06 1 This SoHd citizen has a Current Account with m A Current Account with OCBC makes life easier for him. OCBC takes care of all the details of money handling. He just signs his cheques for cash, or to make any payment safely. And furthermore, he enjoys the solid respect that80 words
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Advertisement57 1976-12-06 1 We work hard to make your money work for you American Express International Banking Corporation Shing Kwan House 4 Shentoo Way. S<r>gapofe 1 TW 220 2311 Tele* RS ***** CatX* AMEXBANK THE LATEST S.T. DUPONT IS NOT A LIGHTER ORFEVRES A PARIS Sole Agents CASEY ENTERPRISES PTE. LTD., Rooms *****30/231,57 words
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Article848 1976-12-06 2 THE Japanese voters cast their ballots In yesterday's general election the full result of which will be known later today basically to decide whether they want the conservatives of the ruling Liberal Democratic Party (LDP) to continue in office despite the big payoff scandal involving the giant American848 words
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REVIEWS
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Article828 1976-12-06 2 CHRISTOPHER LEHMANN-HAUPT - BOOKS By CHRISTOPHER LEHMANN-HAUPT NYT The Face Of Battle. By John Keegan. 354 pages. Illustrated. Viking. U5510.95. JOHN Keegan is a senior lecturer in war studies at England's Royal Military Academy at Sandhurst. John Keegan, 9 like most Europeans under the age of 30NYT - 828 words
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Article, Illustration52 1976-12-06 2 THIS is Renoir s 1870 painting "La Promenade" which was bought by London dealer David Ellis Jones for £620,000 (552.5 million) at Sotheby's in London last Monday. It was the star painting among 22 impressionist and modern pictures from the Spinggolf Collection in New York. AP picture.AP picture - 52 words
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Article766 1976-12-06 2 RICHARD LAMBERT - By RICHARD LAMBERT Financial Times Lonrho Portrait of a Multinational by S. Cronje, M. Line and G. Cronje; Penguin Books in association with Julian Friedmann Books; £1.50 paperback, £6.95 hardback. THE REPORT on Lonrho by the Department of Trade inspectors made it clear the company, asFinancial Times - 766 words
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Article910 1976-12-06 2 By CKT IN MUSIC, the generoushearted age of marvelling at the turns of life In an artistically grand and religious way may have closed, but one could see that, pre-Romantic or postRomantic, the fond romantic has always been around. And so, even in theBy CKT - 910 words
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Page 2 Advertisements
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Advertisement175 1976-12-06 2 THE NEW BTRAITB TIMEB PREBB (MALAYSIA) BERHAD (Incorporated in Malaysia) The Directors have pleasure in announcing the unaudited reeults of the Qroup and Company for the year ended 31st August, 1976 as follows:— Total Turnover Profit for the year after charging all expensee of 1971/79 1974/71 1971/73 1974/75 (MTOOO) (MTOOO)175 words
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Page 2 Miscellaneous
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Miscellaneous702 1976-12-06 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Boys put out when smoklng's forbidden? (4) 4 Farther round (6) 8 A morsel to snaffle? (3) 10 Be next in a tub (4) 13 Weary of being a boxer, for instance? (3-5) 14 Entertaining nonsense on the end of the pier? (7) 15702 words
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Page 3 Advertisements
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Advertisement1111 1976-12-06 3 Do 150 fabulous shops make a city? "res. Shoppers City Shoppers City is likely to be the best news city shoppers have heard for years. Read on. A Shoppers City is a sensible place to shop City Shopping has gotten out of hand. You used to be able to take1,111 words
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Article, Illustration1509 1976-12-06 4 ILSA SHARP - THEATRE By ILSA SHARP IT LOOKS as though the National Dance might prove the cynics wrong before too long against all the odds, they may be on the way to creating an entirely new dance form, which, for lack of a better word, we can1,509 words
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829 1976-12-06 4 ULI SCHMETZER - By ULI SCHMETZER Reuter VENEZUELAN President Carlos Andres Perez has completed a six-nation tour of Europe, leaving in its wake an impression that the power of his country's oil resources has enabled him to pursue his own kind of "oetpolltlk." He hasReuter - 829 words
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Article, Illustration1304 1976-12-06 4 KHOR THIAM CHYE - By KHOR THIAM CHYE Mr. Khar Thiam Chye Is manager of the Discount •Company of Singapore. MONDAY: The beginning of another week and the starting of another continuous stretch of working days ahead. Actually, I should not look forward to working again with dismay after having rested1,304 words
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Article, Illustration828 1976-12-06 4 DAVID JENSEN - By DAVID JENSEN Reuter PRIME Minister Malcolm Fraser's decision to devalue the Australian dollar has emphasised his government's economic problems at a time of major confrontation with the country's trade unions. The 17-1/2 per cent devaluation, aimed at bolstering fast falling foreign exchangeReuter - 828 words
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Page 4 Advertisements
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Advertisement355 1976-12-06 4 Good reading on from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with Nixon,355 words
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Page 4 Miscellaneous
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Miscellaneous231 1976-12-06 4 Weather re pert for 24 hours prior to 7 ..TO p.m. on Dec 5 at Singapore airport. Maximum Temperature 30.4 C Associated Humidity 71 Minimum Temperature 23.0 Associated Humidity 99 Hours of Sunshine S.IO Rainfall in Millimeters 'l'raoe Total Rainfall for the Month 4.1 Total Rainy Days for the Month231 words
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OVERSEAS
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Article648 1976-12-06 5 DOUBTS OF WORLD RECOVERY Reuter LONDON, Sun Doubts on the strength of a world economic recovery next year would play an important part in the International Tin Council (ITC) meeting starting here tomorrow, delegates and market sources said. The second ITC session under theReuter - 648 words
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725 1976-12-06 5 Reuter TOKYO, Sun. Japanese economic policies are likely to remain more or less unchanged whatever the outcome of today's general election, but implementation of those policies could be hampered by a period of post-election political Instability, senior businessmen and political observers here said.Reuter - 725 words
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Article229 1976-12-06 5 NYT NEW YORK, Sun. William Verity, chairman of Armco Steel, the nation's sixth largest steel maker, says the industry's recent •price increase on sheet steel' was justified on the basis of both cost of production and market demand. Mr. Verity, in an interview, contended thatNYT - 229 words
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Article52 1976-12-06 5 Reuter TOKYO. Sun. The United States and Japan will open two-day bilateral government-level talks here next Monday on Japanese 'steel exports to the US, the Foreign Ministry said. The meeting, called following a US proposal, is designed for an informal exchange of views on the world steelReuter - 52 words
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371 1976-12-06 5 Reuter PARIS, Sun. Stalled talks on the crisis in the world's shipbuilding industry are due to resume here tomorrow and Tuesday, with very little hope of substantial progress, Industry sources said. Japanese delegates to the Organisation for Economic Co-operation and Development's working party on shipbuildingReuter - 371 words
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134 1976-12-06 5 Reuter NEW YORK, Sun. Citibank said It is holding its floating prime rate unchanged at 6-1/2 per cent for the coming week. Market analysts said the bank's formula still did not call for a change despite a further decline in commercial paper rates theReuter - 134 words
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Article304 1976-12-06 5 NYT WASHINGTON, Sun. President Marcos of the Philippines has rejected a tentative agreement worked out by his Foreign Minister and Secretary of State Henry Kissinger that would have given Manila US$l billion (552.45 billion) in American economic and military aid over five years In return for continuedNYT - 304 words
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Article103 1976-12-06 5 Reuter BOCA RATON, Sun. Senate securities sub-com-mittee chairman Harrison Williams, Jr., said he will recommend to Presidentelect Jimmy Carter that Securities and Exchange Commission (SEC) chairman Roderick Hills be retained in that post. Mr. Hills, a Republican, has held the post for a year and his termReuter - 103 words
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141 1976-12-06 5 Reuter GENEVA. Sun. A United Nations' meeting here to prepare for negotiations on a US$6 billion (5514.7 billion) fund to finance International buffer stocks of commodities adjourned here yesterday, with most Western Industrialised states still cool towards the plan. The scheme, promoted by theReuter - 141 words
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Article139 1976-12-06 5 NEARLY six hundred industrial technician graduates from three institutions of the Industrial Training Board will receive their certificates at a combined ceremony to be held tomorrow. Mr.- Chua Sian Chin, Minister for Home Affairs and Education, will offlcrate at the occasslon and will present139 words
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Article135 1976-12-06 5 Reuter JAKARTA, Sun. The Indonesian Government will adopt new measures to encourage the flow of tourists to this country, according to director of tourism Major General Prajogo. "We must be able to find a way which will ensure the growth of the tourist industryReuter - 135 words
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Article40 1976-12-06 5 THE Minister for National Development and Communications, Mr. Lim Kim San, will officiate at the opening of the third annual meeting of NTUC Welcome Consumers' Co-operative today at 6.00 p.m. at the NTUC Trade Union House, Shenton Way.40 words
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INTERNATIONAL COMPANY NEWS
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788 1976-12-06 5 Reuter PITTSBURGH. Sun. Gulf Oil Corp's 1977 capital and exploration programme of about two billion dollars will include an anticipated charge of about $500 million against next year's earnings, executive vice president Mr. Harold H. Hammer told security analysts. Mr. HammerReuter - 788 words
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374 1976-12-06 5 Reuter TOKYO, Sun. Japanese foreign bond issues are expected to rise to between $400 million and $450 million equivalent in the first quarter of next year, from about $370 million In the current quarter, informed securities sources said. They said the increase, decided byReuter - 374 words
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Article136 1976-12-06 5 Reuter LONDON, Sun. An agreement has De€n reached for Tozer, Standard and Chartered, a merchant bank Jointly owned by Tozer, Kemslev and Millbourn (Holdings) and Standard and Chartered Banking Group, to become a wholly owned subsidiary of Standard and Chartered, the two companies announced. Net tangibleReuter - 136 words
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Article102 1976-12-06 5 Reuter LONDON, Sun. British Leyland confirmed reports that Industry Secretary Mr. Eric Varley has approved Leyland's plans to spend over £100 million in setting up the production line for its new small car to be launched around end-1979. The endorsement means the Government guarantees to provideReuter - 102 words
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Article67 1976-12-06 5 TOKYO. Sun. Fujiya Confectionery and Pepsico of the US will set up a Joint venture for the production and marketing of Pepsico licenced snack foods in Japan. Fujiya said the firm, called Fujiya Frlto-Lay Inc. will be established at a capital of 500 million yen as soon67 words
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Page 5 Advertisements
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Advertisement112 1976-12-06 5 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei, Sarawak. Sabah Australasia/Pacific (excluding Hawaii)112 words
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COMPANY NEWS
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608 1976-12-06 6 AFTER suffering a big net group loss of M 55.51 million at the halfway stage, Bovis South East Asia appears to be making some Improvement In the second six months of the current year. However, the Improvement, as expected, Is not enough608 words
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Article380 1976-12-06 6 Current Ex Date Total for Total ror payment Date payable the year previous year PtrilPmk 10% Nov. 17 Dec. 6 20% 20% Tallin Mine* 10% Nov. 18 Dec. 9 10%+ 15% Riverview 7% Nov. 23 Dec. 10 13%a 8.75%a M. Banking 11.5% Nov. 18 Dec. 11 17.5% 17.5%380 words
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COMPANY MEETINGS
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20 1976-12-06 6 THE following company meetings are due: Dec 6, 11. a.m., Registered Office, 73 Beach Street, Penang.20 words
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15 1976-12-06 6 Dec 9, 10 a.m., Registered Office, 31 Shipyard Road, Singapore 22.15 words
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Article15 1976-12-06 6 Dec 11, 12 noon, 6th Floor, Clifford Centre, Raffles Place, Singapore 1.15 words
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Article14 1976-12-06 6 Dec u, 12 noon, Registered Office, 92 Jalan Bandar, Kuala Lumpur.14 words
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16 1976-12-06 6 Dec 15, 2.30 p.m. 10-A, Block 34, Commonwealth Lane, Singapore 3.16 words
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17 1976-12-06 6 William Jacks Company (Malaya) Bhd.: Dec 18, 12 noon, Registered Office, Jalan 13/14 (Jalan Bersatu), Petallng Jaya.17 words
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18 1976-12-06 6 Dec 18, 9 a.m., Registered Office, 13th Floor, UIC Building, Shenton Way, Singapore 1.18 words
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Article20 1976-12-06 6 Dec 18, 12 noon, Conference Room of Goon ting Chew, No. 7 Jalan Raja Abdullah, Kuala Lumpur.20 words
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Article239 1976-12-06 6 PAN Malayan Holdings is paying an interim dividend of IVt per cent for the year ending Dec 31, 1976 on Dec 29. The transfer books and registers will be closed from Dec 21 to 28 both dates Inclusive for the purpose of preparing dividend warrants. For the239 words
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Article106 1976-12-06 6 HIGHLANDS and Lowlands is paying an interim dividend of 10 per cent or five Malaysian cents per share for the year ending Dec 31, 1976 on Dec 31. The company says the directors will recommend payment of a final dividend at its AOM in 1977. A special106 words
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Article143 1976-12-06 6 Reuter TOKYO, Sun. Nissan Motor executive managing director Mr. Harumi Saku said he hopes talks between British and Japanese car makers in London next month will result in an understanding that Japan's car exports to Britain in 1977 should be about the same as in 1976. However, in anReuter - 143 words
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Article244 1976-12-06 6 Reuter HONGKONG, Sun. Cheung Kong (Holdings) said it plans to raise about HK$llO million in new capital and that it has arranged a four year loan of about $200 million for the company. It said in a statement it will issue 20 million new sharesReuter - 244 words
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Article2037 1976-12-06 6 SECTION ONE INDUSTRIAL* im Hi(k Lew CMjoajr Last Sal* Week +«rGr's Dfrr Dtr Crr Gr's Y'U Net P/E Week Vol cm) Weak High Lew 250 200 100 237 186 402 204 248 480 137 170 172 80 185 86 254 149 172 394 39 Acma2,037 words
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Page 6 Advertisements
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Advertisement176 1976-12-06 6 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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Wall STREET AND OTHER OVERSEAS MARKETS
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Article1179 1976-12-06 7 NEW YORK: Btocks moved ahead In active trading on Friday helped by comments from President-elect carter that be has no Intention of asking (or wage/price controls. Analysts said the market also gained early strength from a sharp $2.0 billion drop In the US money supply (M-l) reported on1,179 words
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Article283 1976-12-06 7 AMSTERDAM: The market was mixed to lower In general on Friday but Dutch International lost some ground except for Unilever which finished unchanged. KLM fell steeply on continued offerings and a virtual lack of demand, dealers said. Bergoaa, Deli and Ennia were other leaders to decline. Heineken recouped part283 words
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Article296 1976-12-06 7 ZURICH: The market continued very steady on selective demand on Friday, dealers said. Banks generally pointed higher with Bankgesellschaft registered and rights for registered stocks actively firmer. Among otherwise little changed flnanclals OerllkonBuehrle registered rose on good buying support. Insurances fluctuated narrowly. Leading Industrials closed Irregular with chemicals mainly296 words
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Article288 1976-12-06 7 TORONTO: Industrials and base metals closed sharply higher on Friday in light trading on the Toronto market while the gold index slipped more than four points. Among golds, Dome Mine* dropped to 44 Vi and Camflo was down W at 8 7 4. Deniaon Miaea advanced 1% to 5744,288 words
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Article271 1976-12-06 7 FRANKFURT: Shares closed mixed to higher on Friday imalnly due to some buying by investment companies, market sources said. Neckermann added 3.70 marks on continued covering following earlier news of plans to put the company back on a sound financial footing, dealers said. However, Karstadt which aims to take271 words
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Article351 1976-12-06 7 PARIS: All sectors firmed on Friday continuing the trend of the last two days, dealers said. CIE Financier* de Suez, which announced lower consolidated turnover In the first nine months, rose 2-V4 per cent. Carrefour Supermarket which announced higher group pretax turnover for first 11 months, rose nearly four351 words
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Article406 1976-12-06 7 JOHANNESBURG: Gold shares quietly mixed to firmer towards the close on Friday as European bullion indications continued slightly higher, dealers said. Randftn gained 75 cents to 3,800 in heavyweights, and in lightweights. Stilftn moved back to unchanged 245 after an easier opening, while Harmony rose three cents to 490,406 words
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Article437 1976-12-06 7 TOKYO: The market on Saturday extended yesterday s upsurge on active buying by major investment trusts, dealers said. The Dow Jones average rose 26.71 to close at 4,569.63 with volume 160 million shares. The New Index closed at 351 04. up 2.22. Electrlcals. oils, and motors firmed on expectation437 words
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Article123 1976-12-06 7 MILAN: The market closed higher in very active trading on Friday. The Fiat pact with Libya continued to exert a strong influence on the whole list, dealers said. DEC 03 Lire Anlc 430 31 Assoc On ***** 750 Bastogi #50 52 Central? 7390 270 Flat 2100 +80 Flnslder 233123 words
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Article118 1976-12-06 7 BRUSSELS: most shares fell in very aulet pre-weekend trading on Friday dealers said. Clabecq rose but Vieille MmUKne, Hoboken. ACEC, GnlnnoBm, Gevaert and CBR fell. oec as Fr» FORWARD MARKET Acec MO +3 Arbed 3240 unch Astur W4 12 Braacan 444 +34 Bru-Lamb 1700 unch Canpac 538 4-4 Cock118 words
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Article89 1976-12-06 7 FINANCIAL TIMES INDUSTRIALS Friday Thursday 300.9 Week ago 302.5 TIN Friday 117.46 Thursday 117.1# Week ago 113.52 RUBBERS Friday 500.37 Thursday 408.63 Week ago 509.47 OILS Friday 394.21 Thursday Week turn 387.96 *****3 DOW JONES AVERAGE INDUSTRIALS Friday 950.55 Thursday 046.64 Week a«o DM US LONDON DOLLAR PREMIUM Friday89 words
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Article994 1976-12-06 7 On December 3 Prices were mostly higher on the Chicago Board Options Exchange. Advances led declines by 300 to 129. Volume approximated 57,803 contracts, compared with 73,738 on Thursday. OPTION JAN APL JLY STOCK Alcoa 45 UNTRD NOL NOL 525/8 Alcoa 50 UNTRD 51/2 UNTRD 52 5/8994 words
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Article270 1976-12-06 7 NYT THE bond market was the stellar sector of Wall Street this week as prices soared and yields dropped. In the background, the Federal Reserve was pushing shortterm rates lower and the basic money supply was down thus providing key ingredients for the ebullient bondNYT - 270 words
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224 1976-12-06 7 Reuter FRANKFURT, Sun. Current conditions on West German stock markets are expected to continue for the next few months and while the German economy will not provide any stimulus neither will it present great impediments, Dresdner Bank board member responsible for the capital markets WolfgangReuter - 224 words
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558 1976-12-06 7 NYT NEW YORK, Sun. After weeks of suspense, the heavv purchaser of shares of Leeds Northfup, a leading manufacturer of control devices for utilities and for the steel industry, has finally surfaced. Leeds Northrup, which traded as low as earlier this year, closed on WednesdayNYT - 558 words
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Page 7 Advertisements
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Advertisement379 1976-12-06 7 SHANGRI-LA'S CHRISTMAS We Look Forward To It As Much As You Do Our resolutions were made long before New Year. We've planned to give you the time of your life this festive season. Share Christmas with us. We promise you won't be disappointed. Christmas Eve The night before Christmas at379 words
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COMMODITY REPORTS AND PROCES
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Article198 1976-12-06 8 LONDON, Bun. Terminal rubber closed uncertain on Friday, at 1.60 pence lower (near Jan at 56.90 pence) to 0.30 pence higher after easing slightly in the afternoon on pre-weekend liquidation. Turnover totalled 352 lots of 15 tonnes plus 14 lots of five tonnes. Additional call options comprised six198 words
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Article51 1976-12-06 8 Nov.29 Nov 30 Dec 1 Dec 2 Dec 3 Dec 4 ♦Tin: Tonne: •Rubber (S): •Rubber (M): $1.242 00 313 202 75 207.50 11.244.00 331 202.25 207 00 Closed Closed 200.75 Closed <1.205.00 *1.205 00 335 240 Closed 197.00 203.75 903.25 11.250.00 218 ♦per plcul •cenu per51 words
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Article130 1976-12-06 8 THE Straits tin price in Penang closed the week on Saturday down $15.00 to $1,250 per plcul on an official offering down 22 tonnes to 218 tonnes. In LONDON on Friday, tin on the day rose by £7 for Cash standard and £15 for Three Months while high130 words
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Article127 1976-12-06 8 THE following Palm Oil prices were are elf Rotterdam and are quoted in quoted in London on Friday. The prices US dollar per long ton unless otherwise stated Friday Pre. Malaysia 5% ffa bulk Dec unch 465 sir Jan unch 458 sir Feb unch 455 sir Sumatra 5%127 words
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Article265 1976-12-06 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY Coconut Chi: bulk MO sellers, old drum MS sellers, new drum *#0 sellers. Copra: Mixed (loose) UKJ Cont $48 buyers Pepper: Muntok ASTA white f.o.b 100* NLW $312S sellers. Sarawak white r.o.b. 99% NLW $295 sellers, Sarawak special265 words
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Article456 1976-12-06 8 Source: Swiss Bank Corp., Zurich. SOME buying interest on a thin market took gold prices higher in Singapore where it closed at the weeks high of U*****.50 per ounce on Saturday. The London afternoon fixing on Friday was 131.05 but higher levels were seen in New York and thisSource: Swiss Bank Corp., Zurich. - 456 words
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Article212 1976-12-06 8 LONDON, Sun. Copper wire bars on the day showed gains of fully £4.50 per tonne for Cash and £3 for Three Months on Friday. Values were marked higher on preweekend covering and some arbitrage buying which took Threee Months up to £778.50 per tonne In the ring and to212 words
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Article152 1976-12-06 8 LONDON, Sun. Sliver gained 1.3 to 1.5 pence per troy ounce on Friday. Values worked higher on modest short-covering, prompted by the trend at New York, together with some chart buying, dealers said. Three months traded finally In the ring at 270.9 pence and on th kerbu unto 271.2152 words
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Article143 1976-12-06 8 LONDON, Sun. Futures remained steady during the afternoon on Friday, with light shortcoverlng finding little selling Interest in front of the weekend. At the close values were £2.10 to £0.50 up. Sales were 1144 lots. In NEW YORK, on Friday, world sugar futures were uneventful again as prices settled143 words
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Article214 1976-12-06 8 BANGKOK, Sun. Indicative prices for rice quoted on Saturday were: US dollars per tonne FOB basis Bangkok. White Rice: 100 per cent Ist class 290, 100 per cent 2nd class 275, 100 per cent 3rd class 270, 5 per cent 258, 10 per cent 237, 15 per cent 234214 words
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Article68 1976-12-06 8 Reuter FRANKFURT, Sun. Malaysian Minister of Primary Industries Datuk Musa Hitam said world natural rubber consumption is expected to rise to six million tonnes a year by J990 from 3.5 million at present. Malaysia hopes to Increase its share of natural rubber output to aroundReuter - 68 words
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Article754 1976-12-06 8 COMMODITY prices were generally marked up in very quiet trading In the Singapore produce market last week. Fresh acceptances by the big traditional buyers In the West was negligible. Dealers here were seriously hampered by the Irregularity of supplies and differences In orice Ideas. Trade754 words
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Article157 1976-12-06 8 LONDON, Sun. Robusta futures closed slightly steadier on Friday with values £24 to £47 per tonne up from Thursday with 3458 lots traded Including 51 options. Market sources said weekend shortcoverlng together with some fresh buying support and switching operations particularly in the forward positions lifted values higher at157 words
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Article167 1976-12-06 8 CHICAGO, Sun. Soybean futures closed at the day's highs with gains of 61/4 to 11-3/4 cents a bushel on Friday. Prices firmed early on speculative buying encouraged by the markets recent gains, Increased export commitments and the high rate of crush. Further support was generated by gains In soybean167 words
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Article136 1976-12-06 8 CHICAGO, Sun. Wheat futures posted gains of 2-3/4 to 4-1/4 cents a bushel on a light volume of trade on Friday. Prices firmed early on speculative Interest prompted by exporter buying of December against sales of March. Also lending support was the smaller number of deliveries In the morning136 words
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Article37 1976-12-06 8 LONDON, Sun. Lead was down by £1 for Cash ana £1.50 for Three Months on Friday afternoon. Early losses were partly erased by light shortcoverlng prompted by the trend in copper. Sales were only 625 tonnes.37 words
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Article39 1976-12-06 8 LONDON, Sun. Zinc was up by £1 for Cash and £0.25 for Three Months on Friday afternoon. This metal ai«n reflected the steadiness of copper but fresh incentives were lacking, and sales of 450 tonnes were mainly carries.39 words
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MONEY AND EXCHANGES
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Article192 1976-12-06 8 FOLLOWING the election victory of the Separatist Parti Quebecois and news that Canadian real domestic product fell In September and the trade surplus fell in October, the Canadian unit declined to a IJ-month low of 96.50-60 US cents. The bank of Canada reportedly intervened to absorb sales of its192 words
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Article286 1976-12-06 8 Asian rates WITH the day to day FED funds traded at around 4 11/16, the US deposit rates continue its easier trend to close lower for the week. By Friday the three and six month shedded between 3/16 1/4 percent to close lower at 51/8 5 and 5 5/16 3/16286 words
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Article360 1976-12-06 8 Source: The Discount Company Of Singapore. THE easy money situation prevailing In the preceding weeks took a dramatic turn during the week under review with the overnight interbank rates reaching a high of 9 per cent compared to a low of 3/4 per cent 1/2 per cent InSource: The Discount Company Of Singapore. - 360 words
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Article218 1976-12-06 8 LONDON, Sun. The dollar and yen generally declined in European currency markets while central banking intervention was identified in several centres on Friday afternoon. Factors Included' unemployment data in the US and Germany, showing increased jobless in both nations. This Increased market expectations of expansive economics action In the218 words
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Article302 1976-12-06 8 ZURICH, Sun. Devaluations In Australia and New Zealand and a sharp setback for the Canadian dollar were reflected In a generally firmer trend for the Dollar in Europe last week. The dollar also profited from improved US trade figures in October (deficit U***** million against $788 million in the302 words
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Article69 1976-12-06 8 Source: Astley and Pearce. RATES firmed up towards the weekend. The 1, 2 and 3 months Increased up 3/4. 11/16 and 5/8 to close at 4 4 7/8, 5 1/16 3 15/16 and 4 1/8 1/16 respectively. Overnight rates were erratic, opening on Monday at 3 5/8 1/2Source: Astley and Pearce. - 69 words
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Article60 1976-12-06 8 Minimum lending rates (in ACBC 6*4 Algemene Bank .0% Bangkok Bank ..7% Bank of America 6\ Bank of China .7*4 Bank of Tokyo ..ft* Bank Negara Indonesia 7 l Chartered Bank .ft*'. Chase Manhattan 6*. DBS ft* First Chicago ft\ Citibank ft* HSBC 7 Indosuez ft* Malayan Banking Mitsui Bank60 words
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Article158 1976-12-06 8 NEW YORK, Sun. The dollar closed on Friday, slightly weaker after featureless trading marked by news that US unemployment rose in November to its highest for a year while wholesale prices rose 0.6 percent, unchanged on October's rise. Expectations that the Federal Reserve may ease monetary policy and158 words
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Article134 1976-12-06 8 Euro rates LONDON, Sun. Period Eurodollar deposits closed easier with losses of up to recorded during the afternoon on Friday. Most shorts tended softer, dealers said. The drift in the afternoon was ascribed to quiet conditions ahead of weekend after fair turnover In three and six months on rollover account134 words
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Article32 1976-12-06 8 FRANKFURT: exchanges closing quotes on Dec 3. U8 2.4060/70 Can 2.3480/95 UK 4.001/010 Neth 05.94/06.00 Swlt* 08.07/12 Italy 2.770/780 France 48.13/20 Japan 0.8070/8100 Belg con 6.544/552 Belg fin 6.505/515 Norw 45.00/0632 words
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Article48 1976-12-06 8 For the week ended Saturday, Dec 4, the range of call rates received from Short Deposits M Berhad was as follows: GENERAL FUNDS: 2 per cent to 5H per cent. Movements of funds totalled $400 million. BANK FUND: 1* per cent to 5% per cent.48 words
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Page 8 Advertisements
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Advertisement475 1976-12-06 8 L s— •i .1 v7B -a"??*? U*...i <L— ak n "e tlm sir Hi -I I'Mly is 4 A si;'^?-- 1,1 iiilf i-ii "i *Kgg ii »i -i f" 4 -"3 ft; i j*y n I IA4 THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to475 words
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Article, Illustration906 1976-12-06 9 ALAN HUBBARD - THAT SMILE STAYS ALWAYS A SPORTS THAT CALLS FOR PERFECTION ALAN HUBBARD sport tokt off in the flying circus ALAN HUBBARD LONDON, Sunday It's all very well for that Nadla Coman eel, with her 10 out of 10 on the bars and beam, but could she do It twice a906 words
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Article, Illustration794 1976-12-06 9 JAMES LAWTON - SOCCKR JAMES LAWTON talks to the 20-year-old goalkeeper who must build a naw Ufa bacausa someone put the boot In. JAMES LAWTON The Express LONDON, Sunday One kick in the face can cause a lot of damage. It can re-arrange your nose,The Express - 794 words
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Article743 1976-12-06 9 DILIP RAO - CRICKET DILIP RAO finds tha England tourists playing in gantly in Bombay. DILIP RAO The Observer BOMBAY, Sunday Although a tough, nerve racking series lies ahead of Tony Orelg, he must believe that this tour of India Is the ideal antidote to his turbulent summer In England.The Observer - 743 words
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Article, Illustration818 1976-12-06 9 SOCCER LONDON, Sunday Ipswich edged Liverpool I—o with a superb header by Paul Mariner yesterday and closed In to one point behind the defending champions In the race for the English soccer championship. An excited crowd of 35,082 at Ipswich's Portman Road Stadium saw the home team soak818 words
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575 1976-12-06 9 RICHARD BAERLEIN - RICHARD BAERLEIN reviews new racing books by the Earl of Carnarvon and John Hislop. RICHARD BAERLEIN The Observer. LONDON, Sunday By an extraordinary coincidence two famous stud owners living only four miles apart at Highclere, near Newbury, both of whom have spent a lifetime devoted to racing,The Observer. - 575 words
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Article308 1976-12-06 9 GOLF Reuter KOBE, Sunday Five of Japan's nine select players posted sub-par rounds to outnumber the United Btates by a 15-stroke margin for their second consecutive win In the twonation golf tournament here today. Japan now have a record of 3—3 overall. But the Individual victoryReuter - 308 words
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Article318 1976-12-06 9 Tennis Reuter SYDNEY, Sunday Temperamental Czech Martina Navratilova spent 125 minutes brandishing a tennis racquet at White City here today and walked away with U5525,000 ($61,000). Miss Navratilova, in a racquet throwing mood, won both the singles and doubles in the US$lOO,OOO ($245,000) Colgate International women'sReuter - 318 words
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Page 9 Advertisements
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Advertisement13 1976-12-06 9 VfCIAMST: SUKIiiN P*INT INO Of* SCIF-ADHCSIVt LAMIS. HASTK. SATIN-lIMONS CM MAO TAX MOtbCRSAIfC.13 words
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Advertisement144 1976-12-06 9 HONMA* is soiling I lie pace for a new boll oame. llw wv wlNllw9 Proven the longest hitting clubs by top professionals HONMA* cuts down the yardage from tee to green. Precision built to give you that solid feeling and perfect control of your golf shots HONMA* ensures better scoring144 words
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Article, Illustration454 1976-12-06 10 KUALA LUMPUR, Sun About 50 executives from 35 international corporations will meet Deputy Prime Minister, Dr Mahathir Mohamad and other Malaysian leaders in a two-day round table conference here tomorrow. The objective of the meeting is to explore possibilities of greater cooperation between454 words
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Article122 1976-12-06 10 Reuter. ROME. Sun. Italy had an October foreign trade deficit of 330 billion lire (5592.4 million) after a revised deficit of 508 billion lire in September, according to provisional figures published by the Central Statistics Institute (IST AT). The October figure gives a 10-month deficitReuter. - 122 words
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256 1976-12-06 10 ACCOUNTANTS in Singapore were urged to upgrade their skills continually by Increasing their exposure to other disciplines In addition to their specialised field Speaking at the Nanyang University Accounting Society's annual dinner on Saturday, Mr Chal Chong Yil, Senior Minister of State for Education, said256 words
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Article609 1976-12-06 10 PERNAS MOVE AFTER LONDON TIN TAKEOVER KUALA LUMPUR. Sun. Pernas Securities after acquiring control of London Tin, the world's largest single tin group, is to go Into Joint ventures with Malaysians Who own tin mining lands. Executive director Raja Badrol Ahmad said following the acquisition609 words
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Article177 1976-12-06 10 MR. MICHAEL OleesonWhlte, managing director designate of Singapore International Merchant Bankers, flew Into Singapore from Sydney on Thursday and was Introduced to Singapore's merchant banking and business community at a reception. Also introduced was the Earl of Air lie, chairman of J. Henry Schroder Wagg177 words
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Article98 1976-12-06 10 Reuter ROME, Sun. Italian Prime Minister Olullo Andreotti left today for a three-day visit to the United States at the invitation Of President Ford, during which he is also expected to meet Vice President-elect Walter Mondale and other senior aides of Presidentelect Jimmy Carter. Officials hereReuter - 98 words
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Article333 1976-12-06 10 Reuter PARIS, Sun. The Organisation for Economic Co-operation and Development (OECD) has postponed a meeting of its working party three on balance of payments problems originally scheduled for Dec 6-7, without setting a new date, OECD sources said. International economic sources said this meansReuter - 333 words
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Article69 1976-12-06 10 Reuter KUALA LUMPUR, Sun A Czechoslovak Chamber of Commerce mission will arrive here on Jan 19 to study possibilities of setting up Joint ventures with Malaysian interests, trade officials said today. They said the 10-member mission led by chamber president Ludvlk Cerny would hold talks withReuter - 69 words
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Article28 1976-12-06 10 UPI BREMEN, Sun The AO Weser shipyard yesterday launched the 393,000-tonne supertanker Wahran built on order of the Arar Marltime Petroleum Transport Co of Kuwait.- UPI.UPI - 28 words
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Article531 1976-12-06 10 ARRIVALS Service Loco 1 Operator Number Time From CPA CX003 0145 HKO 8IA SQ085 0030 DXB/AM8 JAL JL712 1000 HLP SIA SQ211 1010 HLP GIA GA980 1030 HLP CPA CX710 1030 HLP THAI TG423 1035 BKK OIA GA908 1100 MES PAL PR501 1115 MNL SAS SK097 1140531 words
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300 1976-12-06 10 Reuter LONDON, Sun. Britain Is digging Its heels In over terms for Its US$3.9 billion (559.5 billion) International loan, according to press reports today. Chancellor of the Exchequer Denis Healey has told the IMF, from which Britain is seeking the credit, thatReuter - 300 words
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Article130 1976-12-06 10 SONY has introduced a shirt-pocket sized mini tape recorder and micro-cassette tape. The new recorder, Sony M-101, Is 26mm by 64mm by 143 mm, and weighs only 350 gms. The cassette tapes are tiny (30mm by 50mm) and weigh only 10 gms, but still provide130 words
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123 1976-12-06 10 Reuter JAKARTA, Sun Trade relations between Indonesia and Singapore will be put into order with the disclosure of trade figures by Singapore, according to State Minister for Economy, Finance and Industry Widjojo Nttisastro. "Both states will have the benefit from an orderly trade scheme,"Reuter - 123 words
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Article108 1976-12-06 10 Reuter TOKYO. Sub. Japan be- r 'Mri m iiaiiiaTi nit would be usefal.becsuse the economic tituation has changed the last meetfrg In Puerto Rico, Fonign Ministry sources said. The sources were riammiwting en French Preside Valary Giscard d'Estaing's call rar a third summit but said no neteiReuter - 108 words
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174 1976-12-06 10 AltasaSmith plans to go into production ALTABA-BMITH, a woodworking machinery joint venture company, plans to go into manufacturing in the future, although at preoent it only does minor reconditioning and ■Mumhly work on woodworking machinery. Mr. Geoffrey leenman, export director of J.J. Smith of the UK which is the Smith174 words
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114 1976-12-06 10 NPB THOSE seeking careers as safety officers are Invited to apply for the National Pro* ductivlty Board's sixth training course which will begin on Jan 17 next year. The course will stress the legal aspects of occupational safety and health, the detection of hazardous conditionsNPB - 114 words
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Article56 1976-12-06 10 Reuter TOKYO, Sun Mr Hartono Rekso Dharsono, secretary general of Asean will arrive here tomorrow for a two-week visit at the invitation of the Japanese Government, the Foreign Ministry said today. Mr Dharsono will exchange views with Japanese government and business leaders over relations between JapanReuter - 56 words
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598 1976-12-06 10 Financial Times LONDON, Sun. The London Stock Exchange has Issued a report sharply critical of Sir Hugh Fraser, Scottish store chief and director and chairman of Scottish and Universal Investments (SUITS). Sir Hugh's London stores include the exclusive grand dame of departmentalFinancial Times - 598 words
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164 1976-12-06 10 ATHENS, Sun. The Greek Goverment said yesterday that agreement has been reached with shipping magnate Stavros Niarchos providing for a state takeover of his two-thirds ownership In one of the country's major refineries. The Goverment said details of the agreement would be disclosed in Parliament tomorrow164 words
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Page 10 Advertisements
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Advertisement58 1976-12-06 10 Lunch or dine in a grill room that savours of Olde England with food |ust 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 a'la carte menu. Lunch: n00n—2.30 pm (except Sundeys)58 words
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Advertisement99 1976-12-06 10 i 11 'l 7 > Wa h s K H > I 4' K. ♦f Chinas Regal Scotland's prince of whiskies Another fine product brought to you by TEXTILE YARNS FOR EXPORT Austrolion Company wishes to expand existing business selling all types of textile yarns to Australian manufacturers. Our Company99 words
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