The Business Times, 4 April 1977
1977-04-04
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The Business Times
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Title Section9 1977-04-04 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, APRIL 4, 1977 SOCENTS9 words
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NEWS IN BRIEF
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Article70 1977-04-04 1 Reuter PADANG BESAR, Sun. Malaysian troops probing communist defences In Joint operations with Thai forces against communist guerilla sanctuaries in southern Thailand today fought a running battle with a guerilla group, a Malaysian commander said here. Malaysian commander of operations, Brigadier-General Yusof Din, told reporters atReuter - 70 words
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Article57 1977-04-04 1 AP AMMAN, Sun. King Hussein of Jordan is urging delay in reconvening the Geneva peace conference to give Arab states more time to work out a united stand. The monarch, addressing the Jordanian press association over the weekend, also called for a pan-Arab delegation to theAP - 57 words
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Article78 1977-04-04 1 UPI WASHINGTON, Sun. Imposition of quotas and tariffs on television sets, shoes and sugar by the US could lead to a trade war, Treasury Secretary Michael Blumenthal said today. In an exclusive interview with US News and World Report, Mr. Blumenthal said any US decision to imposeUPI - 78 words
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Article57 1977-04-04 1 Reuter LONDON, Sun. British Airways today cancelled all its domestic and European flights from London's Heathrow airport as ground staff continued an unofficial pay strike. A British Airways spokesman said all 4,000 ground engineers were backing the ban on weekend and night working to press claims forReuter - 57 words
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Article57 1977-04-04 1 UPI BRASILIA, Sun. Higher prices for Brazil's primary products coffee, cocoa and soy beans have led to a healthy Improvement in the balance of payments. Still in the red, the trade deficit for the first two months of 1977 was US$95 million (***** million) compared to $730 millionUPI - 57 words
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Article49 1977-04-04 1 UPI DACCA, Sun. A Powerful cyclone struck Bangladesh for the third straight day, killing at least 428 persons and injuring hundreds of others, it was reported today. Government teams searched for survivors and bodies in the remote areas where the cyclone struck last reported yesterday. UPIUPI - 49 words
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Article46 1977-04-04 1 PEKAN, Sun. The Sultan of Pahang warned today of the danger of overplaying incentives to attract foreign investors to the country. He said although incentives helped to attract investors, they did not by themselves determine investment and would not benefit the government economically.46 words
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Article71 1977-04-04 1 UPI Reuter PARIS, Sun. US Secretary of State Cyrus Vance has promised to raise the question of New York landing rights for the Concorde supersonic jetliner with President Carter. He made the promise at a meeting with French President Valery Giscard d'Estaing who emphasised the political importanceUPI; Reuter - 71 words
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Article58 1977-04-04 1 AP KUWAIT. Sun. The Kuwaiti Defence Minister said today that the sheikdom has signed its first arms deal with the Soviet Union. Sheik Saad Al-Abdullah Al-Sabah, who also Is Interior Minister, told the newspaper A 1 Ral that Kuwait bought "certain sophisticated weapons." He gave no detailsAP - 58 words
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Article49 1977-04-04 1 Reuter NEW YORK. Sun. Trans World Airlines (TWA) said it is moving to withdraw its request to the Civil Aeronautics Board (CAB) for subsidy for its international operations. TWA's subsidy petition was filed in April, 1974, but the board tentatively denied such petition last month. Reuter.Reuter - 49 words
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Article122 1977-04-04 1 THK following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977. ['••mpanx Turnover Price HiKh lx>w (MKI Apr 1 11*77122 words
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LOCAL STOCK INDICES
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Article87 1977-04-04 1 Mar 28 Mar 29 Mar 30 Mar 31 Apr 1 ft B T. Index: 253 19 253 49 255.16 256.59 260.90 Industrials: 248 18 247.53 247.39 247.97 248 88 Finance: 424 12 423 58 424.21 424.84 426.82 Hotels: 157.75 158 08 158.15 158.28 158.61 Properties: 141 24 141.24 141.1687 words
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Article96 1977-04-04 1 Mar 28 Mar 29 Mar 30 Mar 31 Apr 1 ft B.T. Index: 199.58 200.57 201.62 203.32 205 09 Industrials: 271.74 271 69 272.11 272.97 273.79 (o> Finance: 352 84 253.63 354.12 354.91 356.59 Hotels: 171.58 171.69 171.69 171.84 171.92 Properties: 139 12 139 12 139 23 140.59 14196 words
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383 1977-04-04 1 Reuter WASHINGTON, Sun. President Carter has sent a conciliatory signal to Moscow after the breakdown of Strategic Arms Limitation (SALT) talks between Secretary of State Cyrus Vance and Soviet officials. Mr. Carter was at Andrews air force base outside Washington last night toReuter - 383 words
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548 1977-04-04 1 SOH TIANG KENG - By SOH TIANG KENG THE Singapore Government owed $660 million to creditors abroad at the end of last year. But Its external debt position is sound and healthy as borrowings are strongly backed by Its Impressive reserves and exports. This strong backing548 words
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771 1977-04-04 1 A TRAFFIC separation scheme (TSS) will be implemented In the Straits of Singapore and Malacca In the next few months to reduce the risk of accidents and ship source pollution. This was disclosed yesterday by Capt. F.G. Fernandes, assistant controller of the Port771 words
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Article290 1977-04-04 1 Reuter GENEVA. Sun. Talks between the world's rich and poor countries on a projected international common fund for financing commodities ended here over the weekend with both sides admitting the four-week conference had been unsuccessful. The negotiating conference concluded without a common declaration afterReuter - 290 words
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Article145 1977-04-04 1 IPOH, Sun. The Federation of Malaysian Consumers' Associations (FOMCA) is planning to host a meeting in the near future in Kuala Lumpur to form a confederation of Asean consumers association. "What is holding us back is finance," Its deputy president Mr. Wong Tuck Soon145 words
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225 1977-04-04 1 KUALA LUMPUR, Sun. An executive council meeting of the Association of Natural Rubber Producing Countries (ANRPC) will be held in Jakarta on Tuesday to prepare for the second Unctad-sponsored preparatory meeting on natural rubber in Geneva in June. The secretary-general of ANRPC, Dr.225 words
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Article53 1977-04-04 1 Reuter HONGKONG, Sun. Three business groups from Hongkong sponsored by the Trade Development Council (TDC) are to visit Southeast Asian countries, Australia and East Germany later this year, the organisation announced today. The mission to Southeast Asia will visit Kuala Lumpur, Singapore and Jakarta in June, theReuter - 53 words
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Article408 1977-04-04 1 Reuter BRUSSELS, Sun. A major three day conference aimed at stimulating Industrial co-operation and Investment between common Market countries and the five Asean nations starts here tomorrow. The conference will bring together 120 government ministers and industrialists from Asean and around 260 top managers andReuter - 408 words
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Article176 1977-04-04 1 ADB rules out Asian issue Reuter THE Asian Development Bank is no longer considering making an Asian dollar bond lssue-ln the near future, ADB president Tarolchi Yoshlda told Reuter here. Speaking after a press conference, Mr. Yoshlda said the Bank was currently highly liquid and would want 'to borrow TorReuter - 176 words
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Page 1 Advertisements
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Advertisement45 1977-04-04 1 Flicoh J for plain paper copying *****33 Wywv Private Limited a responsible company 39th Floor Hong Leong Building Singapore 1. ?:.=&+/$$?.*+{/&->^_`_,-.?\`"]^ SEE PAGE 10 Leisure/TV Radio -P2 Overseas Stocks -P7 Leisure P3 Commodities P® Features/Crosswords -P4 Sports Inter Co.News/Overseas-P5 Local Overseas Local Stocks -P6 News PlO45 words
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Advertisement131 1977-04-04 1 ACBC makes it easy. Come to the bank that not only has the resources, but the connections Be it in renminbi, or other major foreign currencies. Or other aspects of international transactions. ACBC is the bank that makes banking easy for all its clients. With a simple direct service As131 words
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Advertisement217 1977-04-04 1 {?+"**$~%%\)\[+[/$$\{'?'=+>)>;) The Colour TV set that never breaks down hasn't been Invented That's why it makes sense to rent one from Colourent. That way, you have all the enjoyment, but none of the problems Think about it. The cost of a good Colour TV will set you back about $2,000217 words
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Article841 1977-04-04 2 IN WHAT might be termed a getting-to-know-you gathering, 100 representatives, from the public and private sectors, of Asean's five nations today begin talks with ministers and officials of the European Economic Community. The three-day conference, the first of its kind, will give Asean countries an excellent841 words
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REVIEWS
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Article, Illustration832 1977-04-04 2 JUNE FIELD - The Queen's Silver Jubilee celebrations have created an open season for souvenir sellers. They range from the hideous to the beautiful, and in price from a few pence to £975 (553,900) clocks and £750 (553,000) busts (sold out already). The best will probably increase inFT - 832 words
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Article, Illustration964 1977-04-04 2 ROBERT MUSEL - MUSIC By ROBERT MUSEL UPI NOW. said the Earl of Hare wood, you take Mozart. He knew the quality of the music he wrote and he chose Da Ponte to do the Libretti because he wanted them to be of equalUPI - 964 words
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708 1977-04-04 2 CKT - When Vivaldi ran amok with the concerto By CKT ANTONIO Vivaldi, you miKht as well say, ran amok with the concerto a Over 500 concertos he wrote for piccolo, trumpet, bassoon, oboe, violin, flute, mandolin. Solo, double, triple, quadruple concertos. And concertos grosso. Storm at Sea, The Hunt, The Bullfinch:708 words
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Article, Illustration418 1977-04-04 2 VINCENT CANBY - FILMS VINCENT CANBY NYT IN Airport, based on Arthur Hailey's novel, a Boeing 707 jet proved its durability by surviving the explosion of a bomb with scarcely a wobble of the wings. In the sequel, Airport '75, a Boeing 747 jumbo jetNYT - 418 words
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Article, Illustration2205 1977-04-04 3 R. MACLEAN - By R. MACLEAN Mr. Mac Lean is executive director of the Singapore International Chamber of Commerce. (The days chosen do not necessarily follow one another) MONDAY: Working for an organisation such as the Singapore International Chamber of Commerce Is full of interest, and there is never a2,205 words
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Article818 1977-04-04 3 CHRISTOPHER LEHMANN-HAUPT - BOOKS By CHRISTOPHER LEHMANN-HAUPT NYT The Golden Egg: The personal income tax; where it came from; how it grew. By Gerald Carson. 31 pages. Illustrated. THERE hasn't always been a personal income tax. not even in the United States. In fact, as GeraldNYT - 818 words
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Article767 1977-04-04 3 STEPHEN SPENDER - By STEPHEN SPENDER FT HOW it Was, by Marv Welsh Hemingwajr VVeidenfeld and Nicolson. 6 95,452 pages. HAVING felt feline about the first hundred nages of How it Was, though less so after page 100,1 must admit to retracting my claws and starting to purr when IFT - 767 words
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Article, Illustration812 1977-04-04 4 OLEG SULKIN - By OLEG SULKIN Novosti Press Agency THE 20-year-old girl from the Ural town of Perm attained what few young dancers dare dream of. She ran up the steep ladder to the Olympus of ballet with remarkable ease. At 16 she won theNovosti Press Agency - 812 words
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Article, Illustration631 1977-04-04 4 LILLIAN O'CONNELL - By LILLIAN O'CONNELL UPI AMERICANS are being asked to help save the stained glass of England's historic Canterbury Cathederal. The glass 6,500 square feet of It dates from the 12th and 13th centuries. To raise funds for the restoration of medieval stained glass, 11 compositions, including theUPI - 631 words
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718 1977-04-04 4 GREGORY JENSEN - By GREGORY JENSEN UPI IF THE auctioneers hammer falls on Mentmore house, It will be like an Aladdin's cave of Rothschild treasure vanishing the moment Its uncovered. Mentmore, a manyturreted mansion built by Baron Meyer de Rothschild in the 1850s, It aUPI - 718 words
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Page 2 Advertisements
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Advertisement36 1977-04-04 2 mm*' v BALLY OF SWITZERLAND SS V <- JL Y s i -4' Jr m Vv Iv* aAVI u V/,/C LEADING MENSWEAR TAILORS STORE OUTFITTERS HIGH ST CENTRE OCEAN BUILDING "SUPREME HOUSE GOODWOOO, HILTON, RAFFLES HOTELS*COLD STORAGE36 words
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Page 2 Miscellaneous
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Miscellaneous41 1977-04-04 2 THE WEATHER WEATHER report for 24 hours prior to 7.'JO p. April 3 at Singapore airport. Maximum Temperature Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Kainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month41 words
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Miscellaneous301 1977-04-04 2 RADIO TV SINGAPORE 5 3.00 P.M. Opening Announcements followed by Valar Pirai (Tamil) (r) 3.30 Diary Of Events (Tamil) 3.35 General Hospital 4.15 A Place To Live The Tide Goes Down 4.30 Intermission 6.05 Opening Announcements followed by December Bride Operation Cole Slaw 6.30 News In Brief 0 6.35 Fat301 words
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Page 3 Advertisements
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Advertisement428 1977-04-04 3 Aspects of Total Cost Evaluation presented by Tractors Singapore Limited $226,000: Cheap $184,500=Expensive How to avoid the pitfalls of low bid buying and save money Buying a machine involves a lot more than just paying the initial price. You have to consider other expenses too. The Total Cost Evaluation approach428 words
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Page 4 Advertisements
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Advertisement209 1977-04-04 4 Jeddah, Dhahran, Abu Dhabi Dubai A I .■\> w/ St Departing every Tuesday Thursday Other PIA Destinations: Athens Amsterdam Bangkok Bahrain Baghdad Bombay Colombo Cairo Copenhagen Chitral Doha Damascus Dacca Delhi D. I. Khan Frankfurt Gilgit Gwador Hyderabad Istanbul Jiwani Kuala Lumpur Karachi Kuwait London Lahore Lyallpur Manila Muscat Multan209 words
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Page 4 Miscellaneous
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Miscellaneous599 1977-04-04 4 TWO-IN-ONE CROSSWORD K CRYPTIC PUZZLE ACROSS 3 Cry when shut out, love (5) 8 Short task I'm to take a shot at (5) 10 Bolt a plate while It's hot (5) 11 For each one cutting a caper(3) 12 Top colour (5) 13 In bed. It makes Ben talk (7)599 words
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OVERSEAS
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565 1977-04-04 5 Reuter FRANKFURT, Sun. International banks are starting to lend medium term funds again to several key Latin American countries which for periods last year were regarded as problem borrowers, Euromarket bankers said. The banks' more favourable attitude on lending is linked to general politicalReuter - 565 words
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Article192 1977-04-04 5 Reuter ROME, Sun. Italy had a provisional overali deficit on its balance of payments in February of 665 billion lire (SSI .8 billion), the Bank of Italy said. January payments, originally announced in equilibrium, were revised to show a deficit of 42.6 billion lire. The FebruaryReuter - 192 words
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Article81 1977-04-04 5 Reuter WASHINGTON. Sun. US special trade negotiator. Robert Strauss, said he intends to visit Japan this week at the invitation of Japanese Prime Minister Takeo Fukuda. Mr. Strauss told reporters US imports of colour television sets from Japan will be among the subjects he wantsReuter - 81 words
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Article, Illustration312 1977-04-04 5 Reuter TORONTO, Sun. Financial analysts said Canada's investments markets stand to benefit significantly from the new budget brought in by Finance Minister Donald MacDonald This budget will improve the whole financial process in Canada" said Andrew Kneiwasser, president of the Investment Dealers Association ofReuter - 312 words
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Article355 1977-04-04 5 Reuter OTTAWA, Sun. Canadian Finance Minister Donald Mac Donald said the Canadian dollar will have to drop some distance yet before the Government will intervene to halt a downward move. Asked at an informal lunch whether intervention was likely in the near future, he said: "IReuter - 355 words
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Article66 1977-04-04 5 LONDON, Sun. Freight rates for tankers loading in tHe Mid-East Gulf have eased following a renewed bulld-up of tonnage awaiting cargoes, market sources say. Very large crude carriers are now receiving worldscale 26 for voyages from the Gulf to Europe compared with worldscale 28 to 29 last66 words
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140 1977-04-04 5 Reuter WASHINGTON, Sun. The Carter adminiatration's anti-inflation programme will be unveiled next week, budget director Bert Lance said. Mr. Lance told reporters at a press briefing he believes the plan will be a strong one, even though it does not contain provisions for wage/Reuter - 140 words
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Article150 1977-04-04 5 AP BRINDISI. Italy, Sun. The director-general of the Lepetit Pharmaceutical Company has been arrested on charges of illegally exporting capital in the sale of US$2l million (SSS2 million) in antibiotics to West Asia and the Far East, police reported over the weekend. Tito Montessori was arrestedAP - 150 words
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125 1977-04-04 5 Reuter LONDON. Sun. Energy Secretary Tony Benn told Parliament in a written reply five private companies will share a onethird stake in Gas Gathering Pipe Lines (North Sea) Ltd. the company created to study the feasibility of a North Sea gas gathering network.Reuter - 125 words
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1155 1977-04-04 5 LEONARD SILK - By LEONARD SILK NYT NEW YORK: The week's economic and financial news seemed baffling, frustrating, even doublecrossing. The national economic Indicators pointed up. but the stock market went down. The Commerce Department's key index of leading indicators" Increased 0.4 per cent in February,NYT - 1,155 words
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INTERNATIONAL COMPANY NEWS
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Article159 1977-04-04 5 Reuter LOS ANGELES. Sun. Santa Fe International and Ashland Oil of Ashland, Ky agreed that Ashland acquire a 5.43 per cent interest in the Thistle oil field located on block 211/18 in the UK portion of the North Sea for US$7B.9 million. Santa Fe said theReuter - 159 words
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Article64 1977-04-04 5 Reuter LONDON, Sun. Dunlop Holdings said a meeting between unions and management failed to produce a solution to the week-old strike by 120 rubber extrusion workers at its tyre plant at Speke, Liverpool. The strike has laid off 1.400 men who produce truck, agricultural and motorcycle tyres. AReuter - 64 words
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101 1977-04-04 5 Reuter TOKYO, Sun. Tokai Sugar Refining is seeking guarantees from nine banks for resumption of sugar refining operations, suspended since September last year, Mr. Mitsuhiro Kawamura, chief secretary to president of the company. said. The company, which halted sugar refining after importers suspended raw sugarReuter - 101 words
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Article96 1977-04-04 5 Reuter LONDON. Sun. EMI said its offer for Development Securities has been accepted on behalf of 96.9 per cent of the ordinary shares. 96.6 per cent of the capital shares and 82.8 per cent of the preference shares. The offers have been declared unconditional and remainReuter - 96 words
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Article68 1977-04-04 5 Reuter HOUSTON. Sun. Shell Oil said it filed a registration statement with the Securities and Exchange Commission covering a proposed offering of US$3OO million of 30-year debentures. The company said proceeds will be used for capital spending, which should be about $1.8 billion this year, and otherReuter - 68 words
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Article46 1977-04-04 5 WASHINGTON, Sun. The Treasury Department said it sold US$4.5 billion of 15-day Treasury bills at an average yield of 4.632 per cent. The highest yield for the bills, which were sold at auction, was 4.680 per cent and the lowest yield 4.584 per cent.46 words
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Article166 1977-04-04 5 Reuter STOCKHOLM. Sun. Svenska Taendsticks (Swedish Match) has suftered a setback of 21 per cent in earnings last year despite higher sales. Pre-tax profit for 1976 fell to 56 million crowns from 71 million crowns in 1975 while sales rose to 4.62 billion '•rowns from 4.36Reuter - 166 words
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123 1977-04-04 5 AP CLEVELAND. Ohio.Sun. Alco Standard said yesterday it has sold a 20 per cent interest in the Quintette coal project in British Columbia. Canada, to subsidiaries- of two Japanese companies—Mitsui Mining and Tokyo-Boeki. Alco said it received a cash payment of US$3 millionAP - 123 words
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Article101 1977-04-04 5 Reuter FRANKFURT. Sun. Ste Nationale Elf Aquitaine unit Elf Norges of Oslo is planning a 100 million mark 5 3 4 per cent three year Eurobond, bond market sources said. The bond, thought to carry the lowest coupon and shortest maturity of any issue In &he historyReuter - 101 words
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Article343 1977-04-04 5 Reuter NEW YORK. Sun. Westinghouse Electric capital spending will be about USS22O million in 1977 compared with $163 million in 1976, chairman Mr. Robert Kirby told analysts. The company will be more aggressive in seeking out good opportunities than in the past year or so andReuter - 343 words
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Article44 1977-04-04 5 Babcock Wilcox Reuter NEW YORK. Sun. Babcock and Wilcox said it does not plan to issue any statements on United Technologies proposed offer to purchase Babcocks stock at U5542.00 a share until Babcock has filed the required information with the appropriate government agencies. ReuterReuter - 44 words
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Article45 1977-04-04 5 Reuter LONDON. Sun. The coupon on the Bell Canada USS7S million Eurobond due 1987 was cut to 7 3 < per cent from eight per cent, Union Bank of Switzerland (Securities) said as lead manager. Final terms will be fixed on April 5. Reuter.Reuter - 45 words
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Page 5 Advertisements
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Advertisement330 1977-04-04 5 data prep/< data general If your companys big computer is so incredibly fast why does it take so long to get the report you need? The trouble with your company's computer is that it has a lot of people to take care of. So you cant drop by and pick330 words
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COMPANY NEWS
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578 1977-04-04 6 YULE CATTO. the British plantation company In which Kuala Lumpur Kepong tais a large stake has settled Its legal differences with Telok Plantations here, and the two companies have signed a conditional agreement to form a joint property development company In Johore. Yule Catto578 words
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Article389 1977-04-04 6 UNAUDITED pre-tax profit at Berjuntai Tin Dredging for the first nine months ended Jan 31, 1977 has risen 60 per cent over the previous period. As a result, the dividend payable on the capital for the full year ending April 30, 1977 may be expected to reflect the389 words
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Latest results
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Article41 1977-04-04 6 RALEIGH CYCLES (Malaysia) Pre-tax profit M 5357.897 ($881,720) for the year ended Dec 31, 1976. Depreciation $130,644 ($124,174) and taxation $160,000 ($400,000). First and final dividend 15 per cent (same) payable May 30 to shareholders on its registers on May 16.41 words
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Article26 1977-04-04 6 Unaudited pre-tax profit 128,679 128,765) for the first half-year ended Dec 31. 1976. Interim dividend 1.5 pence per lOp stock payable May 6.26 words
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COMPANY MEETINGS
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Article22 1977-04-04 6 Cycle Carriage Ltd. THE following company meetings are due: Apr 5, 2.30 p.m., Conference Room. Mandarin Hotel, 333 Orchard Road, Singapore 9.22 words
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Article15 1977-04-04 6 Apr 9, 12 noon, Registered Office, No. 92, Jalan Bandar. Kuala Lumpur.15 words
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19 1977-04-04 6 Apr 11, 10.30 a.m.. Registered Office, No. 64 A, Jalan Bukit Bintang, Kuala Lumpur.19 words
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Article17 1977-04-04 6 Apr 14, 11 a.m., 3rd Floor, Bangunan MBSB, 13/15 Leboh Ampang, Kuala Lumpur.17 words
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Article14 1977-04-04 6 Apr 15. 10 a.m., 45 Spottlswoode Park Road, Singapore 2.14 words
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Article632 1977-04-04 6 Current Ex Date Total for Total for payment Date payable the year Previous year Yeo Hiap Seng (M) 10% Feb 25 Apr 4 10% 6% Gopeng Con. 14% Apr 4 52% 44% Pengakalen 20% Apr 4 55% 70% Yeo Hiap Seng 10% Mar 14 Apr 6 10% 10.6%632 words
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Article2334 1977-04-04 6 Gr'e Gr'» Nat Week 1977 Laat WNk Div Div Y'M P/E Vol Week High Low Company Sale +or- C'vr COOO) High Low SECTION ONE INDUSTRIALS 146 136 Acma 140 -6 12 ON 1.1 8 5 7.0 6 144 140 133 127 Acma A 128 unch2,334 words
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Page 6 Advertisements
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Advertisement20 1977-04-04 6 found only in the best company... 4IPENGUN i u i %i. r J i s it rt'V (,V» 1 •*«V20 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1332 1977-04-04 7 NEW YORK: Encouraging news about the US economy helped bolster stock prices In a broad advance on Friday but trading was again very quiet The market was propped up py a 9 8 per cent February rise In US construction spending, report on Friday by the Commerce Department,1,332 words
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Article281 1977-04-04 7 ZURICH: The market closed slightly higher on Friday In moderate activity with buying interest boosted by recent earnings reports, dealers said. Swissair rose to a new high for the last few years, while leading banks were generally well-maintained. Bankgesellschaft, traded ex dividend, recouped most of its coupon loss. Bally281 words
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Article307 1977-04-04 7 FRANKFURT: Shares closed generally higher on both bank and Investment fund buying on Friday, market sources said. Declining bond yields also helpled focus interest on shares. Chemicals were up to 3.50 marks higher, electricals rose up to 2.50 and MAN led engineerings higher. VW rose 1.10 marks following latest307 words
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Article467 1977-04-04 7 TOKYO: Share price eased on Saturday, led by exportoriented issues following the yen's rise, dealers said. The Dow Jones average lost 16.43 to close at 4,984.78, with volume 130 million shares. The new index closed at 371.37, down 1.45. Foodstuffs, nonferrous metals and fisheries were Initially higher on selective467 words
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Article148 1977-04-04 7 BRUSSELS. Share prices closed mixed in quiet trading on Friday, bourse sources said. Electrobel, Union-Miniere, CBR and Acec rose, while Electrofina. Hoboken, Clabecq and ('ometra eased. In foreign stocks, Germans and Dutch were little changed, US were mixed. Canadian and French rose and UK fell. Gold mines eased. Petrofina148 words
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Article266 1977-04-04 7 AMSTERDAM: Shares mainly firmed on Friday, dealers said. Gains elsewhere were headed by Deli, HVA, banks and VMF, but major declines were Bergoss and Meneba. State loans rose. APR 01 Fls Ahold 88 00 +0 4 Akzo 32 40 +0 7 Algbank 319 80 2 8 AMEV 58 00266 words
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Article303 1977-04-04 7 TORONTO: The Toronto market responded to Thursday night's federal budget with a strong rally but earlier gains were pared by the close on Friday Tax cuts for business and other tax changes to stimulate investment in equities gave the market a strong opening boost, pushing the composite Index up303 words
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Article174 1977-04-04 7 MILAN: The market closed slightly easier in fairly active trading on Friday, dealers said. Leading industrials closed narrowly mixed, with Fiat unchanged and Montedison, Olivetti Ordinary, Snia Viscosa only marginally lower, while Pirelli Spa, Anic and Olivetti Privileged rose. Assicurazioni Generali, barely at 39,500 lire (39,570 on Thursday l,174 words
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Article328 1977-04-04 7 PARIS: The market was higher partly in a technical reaction to recent falls and partly on the call money call to 9% per cent from 9% per cent on Friday, dealers said. Most sectors rose, but banks and metals were Irregular. Paribas, which reported Improved 1976 results, rose one328 words
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Article1496 1977-04-04 7 On April 1 TRADING In options on the Chicago Board Options Exchange was 69.021 contracts compared with 87,199 on Thursday. OPTION OCT JAN APR STOCK Alcoa Alcoa Am Tel Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon Avon Bank Am Bank Am Bank Am1,496 words
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Article363 1977-04-04 7 JOHANNESBURG: Gold shares were steady at lower levels in quiet and featureless dealings on Friday, dealers said. Financial minings were mixed. with Amcoal easing 10 cents to 790 and Johnnies gaining 25 cents to 2.300. De beers lost five cents to 410. Copper counters were narrowly mixed, while platinums363 words
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Article63 1977-04-04 7 FINANCIAL TIMES INDUSTRIALS Friday 412.5 Thursday 419.4 Week ago 418.1 DOW JONES AVERAGE INDUSTRIALS Friday 927.36 Thursday 919.13 Week ago 928.86 LONDON DOLLAR PREMIUM Friday 115'* to 115% Thursday 113'* to im H.K. HANG SENG Friday 424.59 Thursday 417.27 Week ago 420 06 SYDNEY INDUSTRIALS Friday 358.94 Thursday 357.9963 words
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Article335 1977-04-04 7 THE New York stock market drifted slightly lower last week In continued lethargic trading. The Dow Jones Industrial Average fell 1.50 points during the week to close at 927.36 on Friday. Its low for the week was posted on Thursday when the key barometer slipped to 919.13,335 words
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Loans
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Article50 1977-04-04 7 j AMSTERDAM. Sun. I Nationale Nederlanden privately placed a US$3O million eight per cent seven-year issue through a syndicate led by Bank Mees en Hope, the bank said. The syndicate Includes Amsterdam-Rotterdam Bank, Algemene Bank Nederland. Warburg, Credit Suisse White Weld, Deutsche Bank and Swiss Bank Corp Overseas.50 words
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Article27 1977-04-04 7 ZURICH, Sun." Vereinigte Oesterreichische Elsen-Und StahlwerkeAlpin Montan's 80 million franc 5'2 per cent 15-year loan has been priced at 99 per cent, primary market sources said.27 words
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Article88 1977-04-04 7 LONDON.Sun The Bank of England announced the offering of £800 million of Exchequer 9 1 per cent 1982 stock at £97 per cent. The stock will be issued on the partly-paid formula, with £15 payable on application on April 6. In addition, £25 is payable on May88 words
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Article57 1977-04-04 7 NEW YORK. Sun. New York Municipal Assistance Corp said U5519.35 million of New York City notes were offered on Thursday for exchange into corporation bonds. This brings the total since the offer was made to $297.3 million. It said the offer remains open until April 7 or until the57 words
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Article68 1977-04-04 7 BRUSSELS. Sun. The Mexican sugar financing agency Financiera Nacional Azucarera has been granted a 100 million Swiss franc five year loan from a European banking consortium. Kredietbank said as a member of the managing group. The interest rate will be set 1.5 per cent above Swiss franc interbank lending68 words
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Advertisement345 1977-04-04 7 Yes, Penguin books are not to be found in any ordinary shop. Not in little road-side stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather —yfc special. They are mind-stimulating, deeply researched, m j. entertaining in a wholesome way, highly educational S/* {l! J ff IJ345 words
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COMMODITY REPORTS AND PRICES
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Article213 1977-04-04 8 LONDON, Sun. The market closed quietly steady on Friday, mostly 0.50 pence higher (June 55.50 pence seller) to 0.10 pence lower compared with Thursday night. Volume totalled six lots of five tonnes and 179 lots of 15 tonnes. No further options were posted during the afternoon session. Clfs213 words
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Article153 1977-04-04 8 THE Straits tin price in Penang on Saturday was down $50 to $1,425 per picul on an official offering up 57 tonnes to 230 tonnes In LONDON on Friday, tin on the day rose by £20 for Cash and l" 12 for Three Months. The market slipped back153 words
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Article121 1977-04-04 8 THK following Palm Oil prices were quoted in London on Friday The prices •»re cif Rotterdam and are quoted In US dollar per ton unless otherwise stated Vt.il.iym.i ;> |(;i hulk Jne/Jly Sumatra 5% Moh Apl May June July Aug Friday 640 sir unch 650 slr/645 pd 650121 words
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Article275 1977-04-04 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICfL YESTERDAY. Coconut Oil: Bulk $115 sellers, old trum $120 sellers, new drum $125 sellers Copra Mixed (loose) UK'Cont $75 I hi yers IVpper Munlok AST A while Job. UKr NLW $407 i sellers. Sarawak while I ob 96% NLW275 words
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Article586 1977-04-04 8 IN the Singapore gold market on Saturday, the kllobar was traded In the range of 5512,000 to 5512.030. The loco London gold was stagnant at U*****.85/ 151.25 and the recovery following the easier trend in London was attributed to the devaluation of the Swedish crown by six per cent586 words
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Article216 1977-04-04 8 LONDON, Sun. Copper wirebars on Friday rose by t.4.50 for Cash and C 3.50 for Three Months. The market extended the gains scored earlier in the day as pre-weekend covering and some fresh buying lifted Three Months up to CUll in second Ring dealings. The pace of business was216 words
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Article167 1977-04-04 8 LONDON, Sun. Silver closed higher in the range 281/282 pence for Spot and 287/288 for Three Months on Friday, a gain of around 1.5 pence on the day. Dealers said trading was generally moderate during the day although more active buying pushed the price higher towards the close. In167 words
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Article49 1977-04-04 8 LONDON, Sun. Lead gained L'B for Cash and i 8.50 for Three Months on Friday. The market edged higher on fresh buying before slipping back under profit-taking although losses were erased on the Kerb following news of Asarco's partial force majeure on April shipments. Sales were 2050 tonnes.49 words
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Article57 1977-04-04 8 LONDON, Sun. Zinc finished with gains of £1.50 for cash and £1.75 for Three Months on Friday. The market fell back from the morning's higher levels under profit taking prompted by a lack of follow through to the earlier physical demand. dealers said. Three Months traded down to £40657 words
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Article158 1977-04-04 8 LONDON, Sun. Sugar futures closed on Friday morning quiet, unchanged from Thursday night (near Aug at £136.05) to £0.20 lower. Lots traded totalled 619 including 309 Kerbs and 76 call options. Terminal held relatively steady in thin afternoon trading although weekend book squaring provided a minor feature towards the158 words
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745 1977-04-04 8 THE Singapore produce market last week ruled dull and generally easier on lack of follow-through buying from overseas. Trading volume for most commodities was negligible. Advices received from the West for most of the commodities bore prices too low to result in business. Fresh acceptances745 words
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Article170 1977-04-04 8 BANGKOK, Sun. The feature of the rice market last week was the sale of 50.000 tonnes of AAA One Special broken rice to Senegal, trade sources said. The cereal will be shipped in April/June and the contracted price was U*****.75 for basis per tonne. According to trade sources, negotiations170 words
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Article185 1977-04-04 8 LONDON, Sun. Robusta futures closed Irregular on Friday but £121 to £177 per tonne higher compared to Thursday night. Volume was 4053 including 12 options. July closed £131 higher at £3985 having traded up to a high of £4005 during the final call. Across the board buying late in185 words
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Article92 1977-04-04 8 CHICAGO. Sun. Wheat futures posted gains of 1C» to 1% cent a bushel at the close on Friday on support generated by the advance in soybean futures. Prices eased back from the day's high registered on the opening. But the supporting influence of beans overcame commercial selling and the92 words
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Article90 1977-04-04 8 CHICAGO. Sun. After showing strength through the session on Friday, soybean futures made a late upward kick which took the July up the 30 cent a bushel limit in final trading before settling at $9.26 a bushel. Led by the July, gains ranged from 29** to seven cents a90 words
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MONEY AND EXCHANGES
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Article184 1977-04-04 8 A QUIET and thin market prevails in the Singapore forex market throughout last week when the US unit opened at 2.4620-25. Trading in the US dollar was slack and activity was at a low level. The announcement of a record $1.87 billion US trade deficit in February and a184 words
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Article299 1977-04-04 8 Asian rates RATES firmed beginning of last week due to light rollover and squaring position for first quarter. Rates were steady after mid-week and banks were reluctant to open new position. Short dates were firmed due to month end with Turn dollar dealt up to 14 3/16 1/8. Fixed closed299 words
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Article79 1977-04-04 8 Source: Astley Pearce WITH the announcement of the Government Stock Issues on April 21, the market last week saw a sudden turnaround as rates firmed immediately. The one two and three months increased by 1/4, 5/16, 3/8 per cent in thin trading to close at 4 3/16 1/16,Source: Astley & Pearce - 79 words
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Article302 1977-04-04 8 THE money market tightened up significantly last week following the announcement by the MAS on Monday, March 28 of the composite Issue of government stocks for public subscription on April 21. The general expectation is that the market will remain liquid until the date of the Issue and302 words
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Article41 1977-04-04 8 FOR the week ended Friday April 1, the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND: IV* to 5% GENERAL FUNDS: 2"i% to 4 7 Movements of funds totalled 5313 million.41 words
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Article228 1977-04-04 8 LONDON. -Sun The Canadian dollar and Japanese yen maintained earlier gains against the US dollar at the close of trading in Europe on Friday, being quoted at around 95.01/06 and 275.90/276.10 respectively, dealers said. The Canadian dollar was boosted by favourable reactlon to the Canadian Budget while the yen228 words
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Article406 1977-04-04 8 Source: Swiss Bank Corporation, Zurich ZURICH. Sun. Owing to the record trade deficit of $1.87 billion in February (after $1.67 billion in January), the dollar weakened considerably at the beginning of last week (to 2.3850 against the Dmark and to 2.5415 against the Swiss franc). By midweek. however, itSource: Swiss Bank Corporation, Zurich - 406 words
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Article153 1977-04-04 8 Euro rates LONDON, Sun. Eurodollar deposits closed little changed on Friday from opening mainly easier levels in quiet pre-weekend conditions. dealers said. Rate movements were minimal reflecting lack of interest in new month trading, usual quiet Friday conditions and passing of end-of-month cover requirements". Modest activity was noted around mid-morning153 words
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Article65 1977-04-04 8 Minimum lending rates (in ACBC 6'« First Chicago 6 1 Algemene Bank 6*. Citibank 6'. Bangkok Bank 7 HSBC 7 Bank of America 6 J Indosuez Bank of China 7 1 Malayan Banking 6 1 Bank of Tokyo 6% Mitsui Bank 6'. Bank Negara 1 OCBC" 6'. I ndonesia 765 words
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Article373 1977-04-04 8 NEW YORK. Sun. The dollar closed weaker on Friday on balance here after a hectic afternoon which included the unexpected realignment of the European joint float, dealers said. Conditions at one stage became so disorderly, with the mark rising sharply in a very thin market on expectations of373 words
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Article33 1977-04-04 8 FRANKFURT exchanges closing quotes on April 1 US Z. 3922//32 Can 2.2790/2810 UK 4.108/113 Neth 95.90/95 Swltr 93.95/94.00 Italy 2.698/703 France 48.08/13 Japan 0.8685/8700 Belg com 6.525/530 Belg fin 6.51/52 Norw 45.60/6533 words
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Advertisement404 1977-04-04 8 SINGAPORE T\ SINGAPORE Business MCIP)I62 1/77 VOL 1 NO3 MARCH 1977 PRICE $300 \MXV COVER Computes INDEX T«oye»cunnii»t'*« MANUFACTURING F>sfW> industry TRADE French industry ta«r COMMUNICATIONS Japar>«sa pipping industry tourism Economy *ota»s FINANCE Banns mariisting po*>ci«s INVESTMENT Japanese OVTSMS •nvsstmsnt life at the top lan Bate* TRENOS In ssarcf o*404 words
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Article, Illustration2046 1977-04-04 9 CHRISTOPHER BRASHER - CHRISTOPHER BRASHER on the dangers of myocarditis in sport and the need for further research CHRISTOPHER BRASHER The Observer LONDON. Sun. THE heart Is a mighty muscle, a pump of Incredible reliability that in a normal life span of three-score years and 10 willThe Observer - 2,046 words
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Article650 1977-04-04 9 JOHORE BARU. Sun M. Marlmuthu, the SICC assistant professional, was the unluckiest golfer on the final day of the $12,000 Dunlop Masters golf championship at the Tasek Utara golf club course here today. He failed to take the third placing because of careless play: The Singapore golfer being650 words
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Article784 1977-04-04 9 LONDON, Sun. Liverpool drew two points clear of their challengers for the English soccer league title yesterday, winning 3-1 over Leeds at home while their nearest rivals. Ipswich, lost 2-1 away to Manchester City. Liverpool's easy home win before 48,000 fans gave them a big784 words
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Advertisement226 1977-04-04 9 Wang Laboratories Inc., U.S.A. A Growing International Family Sales and service centres in Malaysia and Singapore Wang offers on-the-spot sales and service in Malaysia and Singapore, as in its extensive network of over 150 offices throughout the U.S and 60 foreign countries. The Wang Systems Sales and Support Organisation, one226 words
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673 1977-04-04 10 Reuter NEW YORK. Sun. The unexpected European Joint float parity changes on Friday are the correct size and well-timed, economists and foreign exchange dealers here said. After the last float realignment, on Oct 17 last year, the percentage devaluations and revaluations of theReuter - 673 words
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239 1977-04-04 10 Reuter TOKYO, Sun. A Spokesman for the Federation of Economic Organisations (Keidanren) said he had no information to confirm or deny a local press report of a preliminary Japanese accord with China on longterm imports of Chinese crude oil and coal. The Peking-datelined report,Reuter - 239 words
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Article619 1977-04-04 10 ARRIVALS Operator Service Number Local Time From CPA SAS MAS CX003 SK097 MH682 0145 0640 0810 HKG CPH/THR/BKK KCH CPA SIA GIA CX710 SQ211 GA980 1000 1015 1030 HLP HLP HLP THAI GIA PAL TG423 GA908 PR501 1035 1100 1115 BKK MES MNL SIA RBA SIA SQ240619 words
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670 1977-04-04 10 UPI TOKYO, Sun. Chinese Premier Hua Kuo-feng has just turned on the porch light and dusted off the welcome mat for foreign businessmen who want to sell things to his country. After crushing his rivals in a power struggle that brought China to theUPI - 670 words
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276 1977-04-04 10 Reuter FRANKFURT, Sun. The Bundesbank said Friday night's realignment of the European joint float through the devaluation of the three Scandinavian currencies will strengthen the cohesiveness of the float, improve the Scandinavian countries' balance of payments and thereby stabilise German exports. TheReuter - 276 words
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Article, Illustration47 1977-04-04 10 US Secretary of State Cyrus Vance (left) with French President Valery Giscard d'Estaing at the Elysee Palace on Saturday. Mr. Vance was passing through Paris on his way back to Washington from Moscow after the collapse of the SALT talks. AP photo. AP photo.AP photo. - 47 words
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439 1977-04-04 10 AP WASHINGTON, Sun. Egyptian President Anwar Sadat is expected to ask for US arms and for a detaileu explanation of the Administration's Middle East peace plans in his talks this week with President Carter. The first Arab leader to meet face-to-face with MrAP - 439 words
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340 1977-04-04 10 AP BANGKOK. Sun. The Vietnamese Government plans to resettle about 10 million people from crowded urban and rural areas under a wide-sweep-ing national plan to solve unemployment, expand agriculture and industry and usher in full "socialist production," a communist party journalAP - 340 words
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165 1977-04-04 10 UPI NEW YORK. Sun. Egypt and the United States have completed preliminary negotiations for the sale of up to 200 F5 fighter planes to Egypt, the New York Times reported yesterday. The newspaper, quoting "well placed banking sources," said the finalUPI - 165 words
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Article37 1977-04-04 10 MANILA, Sun. President Marcos said today that 15 Filipino Muslim leaders had been invited to become members of a preparatory committee of a provisional government for a proposed Muslim autonomous region in the southern Philippines.37 words
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179 1977-04-04 10 Reuter MAPUTO, Sun. A 20-year friendship treaty between the Soviet Union and Mozambique calls for military co-operation and consultations on defence by the two countries, according to details released here today. The treaty, signed by President Samora Machel and President Nikolai Podgorny during theReuter - 179 words
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153 1977-04-04 10 UPI LONDON, Sun. A British Airways official yesterday appealed to aircraft maintenance workers to call off a threatened unofficial strike which already has forced cancellation of 80 flights affecting 7,500 passengers. The 4,000 workers are demanding shift pay increases of up toUPI - 153 words
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108 1977-04-04 10 Reuter LOS ANGELES, Sun. The family of a Californian victim of the Tenerife airport jumbo jets disaster filed a US$l2B million (SS3I4 million) damages suit for wrongful death over the weekend. The claim was made by survivors of San Francisco passenger Mr. BeauReuter - 108 words
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Article27 1977-04-04 10 Reuter ZURICH, Sun. Switzerland's foreign exchange reserves rose 1.63 billion francs to 15.73 billion In the last week of March, the National Bank said. Reu-Reuter - 27 words
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322 1977-04-04 10 Reuter CAIBA. (Japan), Sun. Japanese Prime Minister Takeo Fukuda said today the current fishery dispute with the Soviet Union should not Impair longrange economic ties between the two countries. After arriving at this city, east of Tokyo, to attend a meeting of the rulingReuter - 322 words
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Advertisement163 1977-04-04 10 r*-jyiP T flic X 5 savours of Olde England Lunch or dine in a grill room that savours of Olde England with food just as savoury. The Stables an ideal place to combine business with pleasure. Cosy and private, with English-manner service too. Chefs Specialities Lobster Clarence—lobster slices on rice163 words
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