The Business Times, 30 May 1977
1977-05-30
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The Business Times
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Title Section9 1977-05-30 1 BUSINESS TIMES M.C.(P) 300/1/77 MONDAY, MAY 30, 1977 50CENTS9 words
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NEWS IN BRIEF
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Article69 1977-05-30 1 UPI WASHINGTON, Sun. President Carter said In an interview released today that South Korea would be protected by US nuclear might and the implication that it would be used "If necessary" after the withdrawal of American troops. Mr. Carter commented on a range of foreign and domesticUPI - 69 words
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Article70 1977-05-30 1 TOKYO, Sun. Riot police clashed with opponents of the new Tokyo International airport here over tne weekend and 71 persons were arrested, authorities said. Police said the opponents of the opening of the new airport at Narita, about 60 km east of Tokyo, were taken into70 words
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Article66 1977-05-30 1 UPI Reuter UPI SOUTHGATE (Kentucky), Sun. Nearly 200 people were believed killed when fire raced through a large supper club, sending some 4,500 people rushing to exits and Jamming escape routes, police said. The death toll is the worst in an American nightclub fire since Nov 28,1942,UPI; Reuter - 66 words
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Article79 1977-05-30 1 Reuter NEW DELHI, Sun. The Indian government has appointed a retired High Court chief Justice to make a full investigation Into the Maruti group of companies headed by Sanjay Gandhi, son of the former Indian Prime Minister. The enquiry, promised soon after the Janata (People's) Party came toReuter - 79 words
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Article67 1977-05-30 1 AP HAMBURG, Sun. Indian Prime Minister Morarjl Desal says the United States bears the blame for India's dependence on Soviet-supplied weapons. But, In an Interview from New Delhi, Mr. Desal told the Hamburg news magazine Der Spiegel that the friendship pact signed with the Soviet Union byAP - 67 words
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Article77 1977-05-30 1 Reuter IPOH, Sun. Malaysia will send a trade delegation to Poland shortly in a bid to correct the serious imbalance in trade between the two countries, Foreign Minister Tengku Ahmad Rlthauddeen said here today. He said the trade was four-fold In favour of Malaysia and theReuter - 77 words
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Article81 1977-05-30 1 AP LONDON, Sun. Pro-Western guerillas supported by South Africa, Namibia, Zaire and a number of Western countries, including France and West Germany, are preparing a four-pronged Invasion of Angola, the Sunday Times of London said today. The paper, in an "exclusive" report, said the secret invasion planAP - 81 words
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Article71 1977-05-30 1 Reuter PARIS, Sun. Rumania Is investing US$5B million (Ssl43 million) In an American coal mine to obtain high grade coking coal for its steel Industry, the president of Occidental Petroleum said here today. Dr. Armand Hammer, whose subsidiary, Island Creek Coal, will operate the mine inReuter - 71 words
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Article80 1977-05-30 1 Reuter CANBERRA, Sun. Mr. Gough Whitlam faces a tough battle for his political life this week when his leadership of the Australian Labour Party comes under challenge. The former Prime Mlhlster, sacked by Governor-General Sir Jphn Kerr 18 months ago, Is being opposed by the man former TreasurerReuter - 80 words
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Article112 1977-05-30 1 THE 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. Company Turnover Price* High Low •ooo May 27 1977112 words
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LOCAL STOCK INDICES
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Article74 1977-05-30 1 May 23 May 24 May 28 May 28 May 27 ft BT Index: 278 03 275.78 272.28 268.20 279.20 Industrials: 245.47 245.17 244.41 243.43 243.54 9. Finance: 425.80 424.88 422.90 421.87 423.37 Hotels: 100.01 150.94 150.81 159.87 150.94 Properties: 150.00 150.17 149.87 149.70 150.95 I Tins: 106.13 108.13 106.8974 words
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Article85 1977-05-30 1 MsyS May 24 May 25 May 28 May 27 tt BT Index: 235.59 233.00 228.62 230.21 232.23 Industrial*: 270.21 200.51 268.29 267.31 267.26 0 Finance: 386.77 306.21 362.00 361.04 364.06 Hotels: 172.14 172.14 171.99 171.99 171.99 Properties: 138.82 138.27 137.56 138.27 138.47 t Tina: 110.37 100.81 100.54 109.61 110.7585 words
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Article, Illustration811 1977-05-30 1 COLIN CHEE - ORIGINAL FIVE RUN INTO SNAGS ■y COLIN CHEE PROBLEMS are holding up the Implementation of the five Asean Industrial projects, according to Mr. Ridzwan Dzaflr, director of the Department of Trade. Disclosing this at a preunlverslty seminar on Asean yesterday, Mr. Ridzwan said the811 words
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506 1977-05-30 1 Reuter TOKYO, Bun. Prime Minister Lee Kuan Yew arrived here today from Manila for talks with Japanese government and business leaders on the world economic situation afid btliteral economic cooperation. During a three-day official visit here, Mr. Lee will meet Prime Minister TakeoReuter - 506 words
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Article71 1977-05-30 1 WASHINGTON, Sun. The Justice Department announced over the weekend that it would proceed to press Its anti-trust case against American Telephone and Telegraph as a result of a decision last Thursday by the United States Court of Appeals. The court had ordered that a stay on court proceedings71 words
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Article264 1977-05-30 1 THE Area Licensing Scheme (ALS) is achieving its objectives, with public bus patronage Increasing by 10 to 15 per cent since its implementation two years ago. It has also reduced peakhour traffic congestion and optimised the use of private vehicles, according to the latest264 words
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169 1977-05-30 1 NEW YORK, Sun. The Indonesian economic crisis over the debts of the state oil company Pertamlna is over. Citibank's senior adviser for international ?>peratlons, Mr." Irving Friedman, said. He told Reuters In an interview that the country will receive a favourable reception from banks if169 words
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383 1977-05-30 1 A DELEGATION from the Singapore Barges and Tugs Association is expected to visit Jakarta early this week for another round of talks with Indonesian authorities on Indonesia's move to restrict tug and barge operations to its home fleet. The SBTA had its first383 words
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Article112 1977-05-30 1 UPI NEW YORE, Sua. Priaee PaM of Saudi Arabia warmed la aa laiarvkw la Newsweek ■agasiae nnkH.IMJ I J_ the Whflllll that the Middle East faced "grave rmsjiaw detrimental to peace" If Israel isftisss te give ay occupied Arab territories. The Seudi Crown Priaee also said be bsßnnJUPI - 112 words
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207 1977-05-30 1 THE Orient Airline* Association (OAA) Singapore Compliance Committee has appointed Coopers and Lybrand as its independent investigation agency in an attempt to enforce its rules more strictly. The agency will be responsible to the committee for probing into cases of infringements of the207 words
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456 1977-05-30 1 THE local investment community believes that the forthcoming Japanese move to allow Its nationals to Invest in securities listed on foreign stock exchanges, including the Stock Exchange of Singapore (SES), will bring no immediate windfalls for brokers here. This is because the Japanese investor456 words
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Article184 1977-05-30 1 Reuter MANILA, Sun. The Federation of Ase&n Shippers Councils (FASC) will meet In Jakarta from June 6 to 7 to discus* a 12 .5 per cent general freight rate Increase betwee* Europe and East Asia from July 1, Its secretary-general Vicente Coloso said today. The first annualReuter - 184 words
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Page 1 Advertisements
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Advertisement23 1977-05-30 1 r Ricoh! for plain paper copying *****33 Wf Wywy Private Limited amßr rrtpomibU company 39th Floor Hong Ltong Building Singapore 1. -P 723 words
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Advertisement123 1977-05-30 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. As123 words
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Advertisement42 1977-05-30 1 '-$-@{'^*((,-{<&`/''&>(@[^,;(;" TAN TONG MENG CO. PTE. LTD. 51-A, J ALAN RAJA UDANG SINGAPORE 12 TEL:- *****, *****, *****2. g AVAILABLE FOR HIRE/ LEASE:- Jjj 88 H TON CRANE WITH 2HPT. BOON 75 TON CRANE WITH 18IFT. BOON E TM (SUE Win MOT. INK42 words
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Article525 1977-05-30 2 PRIVATE property developers, wrapped in their own gloom, have often blamed the government for their problems. They accept that it was the post oil crisis recession which knocked down the value of those multi-storey castles they were building. What they do not accept is that they525 words
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REVIEWS
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638 1977-05-30 2 GREGORY JENSEN - By GREGORY JENSEN UPI WITH West Asia's growing role on the world stage, the West has begun peeking behind the oil-money curtains for a glimpse at Arab achievements and arts. Some things It Is finding are dazzling. One dawning discovery,UPI - 638 words
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856 1977-05-30 2 VICTORIA RADIN - By VICTORIA RADIN OFNS ONLY a few weeks after a startled London saw the extrenu rlghtwlng National FroWt claim a record number of votes In local elections, a new play has opened describing how It could have happened. Destiny Is aOFNS - 856 words
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Article, Illustration806 1977-05-30 2 OF STRAUSS AND HIS CHRISTENING OF A HERO'S LIFE MUSIC CKT WHEN the tunes are catchy, bombast In music Is not impossible to put up with. (Or, with which to put up, being the more appropriately bow-tied phrase for the subject in hand.) Coming to start on his Opus 40CKT - 806 words
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Article, Illustration557 1977-05-30 3 JOHN RIGOS - By JOHN RIGOS UPI JEWELLER niaa lalinnnli gave up on outer space and human organisms for Inspiration this year. He has turned instead to ancient Greece. Lalaounls spring collection uses byzantlne medieval architecture as Its main theme high-domed byzantlne churches, arched roman aqueducts, the diademsUPI - 557 words
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874 1977-05-30 3 JOHN LEONARD - BOOKS J By JOHN LEONARD NYT The Dragon of Eden. Speculation! on the evolution of human intelligence. By Cnrl Sagan. Illustrated. 263 pages. Random House. US$B.95. THERE Is a story in Max Apples recent collection, The Oranglng of America, called theNYT - 874 words
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Article, Illustration2744 1977-05-30 3 ILSA SHARP - By ILSA SHARP MONDAY: I have to get up at 5.30 am today, because I am late with a personal column for which the editors are hounding me like a lot of journalists, I work slightly better under pressure, so I tend to leave things right up2,744 words
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Article, Illustration612 1977-05-30 3 GREGORY JENSEN - By GREGORY JENSEN UPI AGATHA Christie probably mystified more people than any other woman, and that Includes her biographers. Few inquirers ever learned much about the woman behind the "Queen of Crime" image, though many tried. Now there Is a new attempt aUPI - 612 words
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Page 2 Advertisements
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Advertisement158 1977-05-30 2 RENTOKIL guards your property 3 if r, CONTROL s EXPERT EXTERMINATION OF TERMITES, RODENTS, HORNETS, COCKROACHES, OTHER TIMBER PESTS, ETC. SOIL TREATMENT AGAINST WHITE ANTS AND ADVICE ON ALL'PEST PROBLEMS FUMIGATION OF SHIPS. PRODUCE, FURNITURE, PIANOS AND PERSONAL EFFECTS REGULAR INSPECTION, CLEANING AND MAINTENANCE OF WASHROOM AND TOILET FACILITIES. REMOVAL158 words
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Page 2 Miscellaneous
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Miscellaneous42 1977-05-30 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on May 29 at Singapore airport. Maximum Temperature 32.6° C Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy Days for the Month42 words
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Miscellaneous284 1977-05-30 2 SINGAPORE 5 3.00 PM Opening announcements followed by Valar Pirai (Tamil Repeat) 0 3.30 Diary Of Events (Tamil) 3.35 General Hospital 4.15 Science Report 4.30 Intermission 6.05 Opening announcements followed by The Wirld World Of People 6.30 News in Brief 6.35 The Facts Are These In A Cleaner, Greener Land284 words
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Miscellaneous632 1977-05-30 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Stronghold under a king? (6) 7 Timely assurance that nothing's wrong (4. 4) 8 Where flying is restricted (6) 10 Oh blow! (5) 13 Denigrated fellow wasting water (4) 14 Made to go and mend nets (4) 15 Very early time (4) 16 Top632 words
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Page 3 Advertisements
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Advertisement466 1977-05-30 3 i f Data General r it Introducing the data systemfor people who know how hard it is to get a data system up and running. Anyone who's ever put in a data system will tell you how hard it is to get it up and running. And how expensive. But466 words
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Article, Illustration883 1977-05-30 4 CLYDE FARNSWORTH - JOBLESS IN U.S.A BIG HEADACHE By CLYDE FARNSWORTH NYT IN TttE 15th century people were troubled by the lack of conformity between movement In the heavens and Ptolemy's earth-centred model of the universe. As today's soothsayers peer Into the final quarter of this century, a similar divergence Is developing InNYT - 883 words
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Article, Illustration575 1977-05-30 4 SOH TIANG KENG - By SOH TIANG KENG THE current visit of the Prime Minister, Mr. Lee Kuan Yew, to Japan comes at a time when relations between the two countries have assumed deeper economic significance. Latest news that a breakthrough has been achieved In the proposed SingaporeJapan575 words
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467 1977-05-30 4 It is In the economic sphere that results have been particularly visible and dramatic. In trade, Japan has emerged as Singapore's third largest partner after Malaysia and the United States. Last year," Singapore-Japan trade totalled $5.26 million. In manufacturing investment, Japan, with gross fixed467 words
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Article613 1977-05-30 4 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKO SAS SK097 0840 CPH/THR/BKK MAS MH682 0810 KCH CPA CX710 1000 HLP SIA SQ211 1015 HLP OIA GA980 1030 HLP THAI T0423 1035 BKK OIA OA 908 1100 MES PAL PR501 1115 MNL SIA SQ240 1140613 words
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Page 4 Advertisements
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Advertisement347 1977-05-30 4 Corporate Banking Services in the Far East Early IVih century Japanese Noh mask symbolising the "himaie in feminine beauty Wardley Limited carries out merchant banking activities in the Far East. Based in Hong Kong, Wardley provides banking, advisory and financial services to corporations and to government bodies in the Asia/Pacific347 words
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Article1071 1977-05-30 5 IVAN FALLON - first ever variable rate bond By IVAN FALLON THE UK Government broker in the City of London will be offering a new, experimental and already much criticised stock today. It is the first ever variable rate gilt-edged stock, or government security and reflects more than1,071 words
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520 1977-05-30 5 LONDON, Sun Despite the problems and fears of the construction industry, John Laing and Son, the building, civil engineering, building materials and property developers, is in good heart and both determined and favourably placed to better its position In the home market, says Sir520 words
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Article161 1977-05-30 5 Reuter LONDON, Sun. The UK Government has delayed plans to close a loophole In tax laws which has led to oil companies paying virtually no corporation tax In the UK, government financial secretary Mr. Robert Sheldon told Parliament. In the March budget, Chancellor of theReuter - 161 words
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Article190 1977-05-30 5 Reuter BRUSSELS, Sun. Union Miniere SA dividends In the next few years will have to remain modest until investment In new copper and zinc mines throughout the world begin to show profits, chairman Paul-Emile Corbiau said. He told shareholders at the annual meeting higher dividendsReuter - 190 words
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Article98 1977-05-30 5 Reuter LONDON, Sun. About 500 workers building the Sullom Voe oil terminal In the Shetland Islands have agreed to end their threeday strike and return to work, British Petroleum said. BP 1s manager for the terminal which is being built by an outside contractor. The 500 men.Reuter - 98 words
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Article60 1977-05-30 5 Reuter MANILA, Sun. Allied Banking Corp, set up to take over the railed General Bank and Trust Co (Genbank), will begin operations on June 1. The new bank, capitalised at 100 million pesos, is taking over Genbank's outstanding debts to the Philippine Central Bank, estimated at 300 millionReuter - 60 words
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Article92 1977-05-30 5 Reuter SEOUL, Sun. American Express International Banking has opened a branch office here as the 12th foreign bank operating In South Korea. Lloyds Bank of Britain has also been allowed to set up a Seoul branch next June and another Britain bank. Barclays Bank, has submitted a requestReuter - 92 words
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Article94 1977-05-30 5 Reuter HANOVER, Sun. Continental Gumml-Werke Ag broke even in the first four months of this year, managing board chairman Mr. Carl Hahn told the annual meeting. Net profit was 8.04 million marks in 1976 (3.53 million) which with reserve drawings cut the carried forward balance sheetReuter - 94 words
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Article70 1977-05-30 5 Reuter TOKYO, Sun. Mitsubishi Light Metal Industries has signed a contract to export 5.000 tonnes of refined aluminium to China In May and June at a cost of U581,030 a tonne on a fob basis, industry sources said. The Japanese aluminium refiner did not confirm the deal,Reuter - 70 words
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Article68 1977-05-30 5 Reuter TULSA, OKLA, Sun. Cities Service has filed a suit challenging a remedial order issued in September 1976, by the Federal Energy Administration. The company said the order disallowed the recovery of Increased crude oil costs of 85,151,802 incurred by the company in June and July ofReuter - 68 words
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Article67 1977-05-30 5 Reuter MINNEAPOLIS. Sun. Honeywell said Rollel Corp of America will acquire Its photographic electronic flash and darkroom equipment business, effective July l. Terms were not disclosed. The company previously announced Its Intention to withdraw from the photographic products business. It agreed to transfer Its U8 distributorship and service ofReuter - 67 words
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Article164 1977-05-30 5 Reuter PROVIDENCE, RHODE ISLAND, Sun. Textron has approved a previously announced plan to buy 2.7 million or 9.6 per cant of the shares outstanding of Allied Chemical Corp from Sotvay Etde. Textron said It is buying the stock as an investment, while It said Solvay plans toReuter - 164 words
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259 1977-05-30 5 LONDON, Sun. The first E reduction platform for the lnlan Nora Sea oil field has been successfully positioned, Chevron Petroleum (UK), operator of the field, sakl. The 21,000 tonne platform will be used to develop the southern part of the field, the third259 words
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118 1977-05-30 5 UPI TOKYO, Sun. Kirin Brewery and Sekisui Prefab Homes retained first and second places while Talyo Fishery advanced to ninth place among the top ten Japanese firms closing accounts in January. The National Tax Administration Agency said Talyo Fishery's sales gained 5.8 perUPI - 118 words
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Page 5 Advertisements
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Advertisement654 1977-05-30 5 Si /V V v CONTMENTAL ILLINOIS CORPORATION AND SUBSIDIARIES CONTINENTAL BANK 231 SOUTH LA SALLE STREET. CHICAGO. ILLINOIS ***** Last year was another year of record earnings. Earnings before security transactions for the full year 1976 were a record $130,971,000, a 10.1 per cent increase over 1975 earnings of $118,997,000.654 words
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COMPANY NEWS
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935 1977-05-30 6 SUPREME Corporation has received firm commitments totalling 1.85 million shares for its special issue of 2.88 million new shares of Msl each to bumlputras. The balance of 1.01 million shares, which is open for subscription to Malays, t Malay investment companies and other Malay Interests,935 words
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Article694 1977-05-30 6 Current Ex Date Total far Total far payment Date payable the year previous year e.N.E. 10% May 4 May 30 15% 15% Tractors Malaysia 10HI Apr 20 May 30 10%I 28.1%a Raleigh Cycle 15% May 5 May 30 15% 15% U.E. Ord. 10% May 6 May 30 10%694 words
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Article51 1977-05-30 6 SINGAPORE'S global bond DM 100 million 6V4 per cent bearer bonds 1977/13 will be officially listed and quoted on the Stock Exchange of Singapore this morning. Dealings will be on a ready basis only and quotation will be expressed as a percentage of the principal value, excluding accrued51 words
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COMPANY MEETINGS
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Article23 1977-05-30 6 THE following company meetings are due: May 30, 2.30 p.m., Straits Trading Building, Leboh Pasar Besar, Kuala Lumpur.23 words
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Article18 1977-05-30 6 May 31. 9.30 a.m., Registered Office, at the Shipyard, Admiralty Road East, Sembawang, Singapore 27.18 words
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Article15 1977-05-30 6 May 31, 12 noon, Ist Floor, Maritime Building, Collyer Quay, Singapore 1.15 words
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Article15 1977-05-30 6 May 31, 12 noon, at DBS Theatrette, DBS Building, Shenton Way, Singapore 1.15 words
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Article18 1977-05-30 6 June 2, 11.30 a.m., Room 404, ENE-PLAZA (4th Floor), 128 Jalan Pudu, Kuala Lumpur.18 words
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Article18 1977-05-30 6 June 3, 10.30 a.m., 4th Floor, U. 0.8. Building. 1 Bonham Street, Singapore 1.18 words
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Article18 1977-05-30 6 June 3, 10.45 a.m., 4th Floor, U. 0.8. Building, 1 Bonham Street. Singapore 1.18 words
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Article15 1977-05-30 6 June 3, 12 noon, 14 Jalan 223. Section 20 A, Petaling jaya.15 words
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Article15 1977-05-30 6 June 3, 12 noon, 310 Registered Office, 310 Orchard Road. Singapore 9.15 words
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21 1977-05-30 6 Jardine Matheson Co. (South East Asia) Ltd.: June 3. 12.30 p.m., 16th Floor, Shing Kwan House, 4 Shenton Way, Singapore 1.21 words
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Article18 1977-05-30 6 June 4, 10 a.m., 6th Floor, Tat Lee Building, 63 Market Street. Singapore 1.18 words
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Article15 1977-05-30 6 June 3, 11.30 a.m., at No 14 Jalan 223. Section 20A Petaling Jaya.15 words
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Article2354 1977-05-30 6 1177 High Low Ctafujr Lut Safe Weak +arGr'i Div Dhr Crr Gr's Y'ld Nat P/E Weak Vel (*•88) Weak High Law SECTION ONI INDUSTRIALS 146 133 204 85 212 101 198* 163 219 392 136 127 204 58 212 57 155 152 182 350 Ac ma Acma2,354 words
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Page 6 Advertisements
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Advertisement169 1977-05-30 6 Inst, of Administrative Management Inst, of Bankers (Conversion Course is available) Inst, of Chartered Secretaries and Administrators Inst, of Statisticians MCE/HSC SCGCE/GCE 'A' Levels London GCE 'O' and 'A' Levels A.E.B. GCE 'O' and 'A' Levels Qualifying Test in English Lower Certificate of Education Modern Mathematics for Teachers B.A. B.Sc.169 words
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INTERNATIONAL STOCK MARKETS
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Article443 1977-05-30 7 TOKYO: The market closed mixed on Saturday with undertone steady in limited trading in the absence of new market factors. dealers said. The Dow Jones average row 0.84 to 4.905.56 with volume 80 million shares. The New index closed at 375.5®, down 0.18. Export-oriented shares were generally easier reflecting443 words
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Article258 1977-05-30 7 AMSTERDAM: The market was mixed in continued quiet conditions. dealers said on Friday. Dutch internationals were virtually unchanged. Shippings weakened. Banks gained as did KLM and Pakboed. Bijenkorf, Bols and Giat were major declines. State loans firmed. MAY r Ahold 84 50 -1 Akzo 32 00 -0.1 Alfbank 307258 words
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Article197 1977-05-30 7 BRUSSELS Share prices cloeed quietly higher following publication of details of the new government coalition's economic plans, bourse sources said on Friday. Copeba, Clabecq, Cockarill, Hoboken, Solray, FN, AfM and Uaioa Miniere. which said future dividends will remain modest, all rose. Eaerg, Wagons Lbs and GB were lower. Aeac197 words
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Article308 1977-05-30 7 FRANKFURT. Shares closed higher in lively trading, following Wall Street's recovery, market sources said on Friday. Interest centred on higher autos where VW rose 1.80 and Daimler 3.50 marks, and on engineerings with Man ordinary shares up four and Demaag up two marks. Kloeckner gained three marks. Banks led308 words
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Article158 1977-05-30 7 MILAN, The market closed generally mixed in quiet trading, dealers said on Friday. Fiat, both Pirelli, Montedison and Snia Viscoaa lost ground in industrials. Aaacuraxioni Generali was lower in insurances. Mediobanca was steady in banks, Financials were generally higher while Generali Immobiliare was unchanged despite news concerning resolution of158 words
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Article328 1977-05-30 7 PARIS: The market continued its upward trend on a number of buying orders In a thin market with greater confidence among operators, dealers said on Friday. Oils advanced, led by taine which on Thursday announced an increase in first quarter portfolio revenues. Most other sectors gained ground. Americans were328 words
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Article283 1977-05-30 7 ZURICH: The market was steady tn light turnover, dealers said on Friday. Swissair bearer was sharply higher on its reported income improvement in April. Banks, financlals and insurances were narrowly mixed. Elektrowatt and Rueckversicherung bearer firmed while Rueck registered reversed an early gain to close lower on balance. Leading283 words
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Article409 1977-05-30 7 JOHANNESBURG: Gold shares firmed in moderate trade toward the close on Friday in spite of European bullion indications which remained steady at lower levels. There was some overseas demand they noted. Financial minings were basically steady although Jobnaiae shed 25 cents to 2.250. Elsewhere. Da Dears lost a net409 words
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Article308 1977-05-30 7 TORONTO: The market closed broadly lower In light trading on Friday with the composite index off four points to reach Its lowest level since last Dec 22. Paper and forest products products and media issues led the decline. Declining issues outpaced advances 218 to 135. Realty Capital Corp A308 words
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Article1084 1977-05-30 7 NEW YORK: A handful of big name growth stocks led a broad stock market decline on Friday, sending the Dow Jones industrial average below the 906 level for the first time in 16 months. Renewed concern over tighter credit policy, rising interest rates, inflation and a string of1,084 words
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Article1330 1977-05-30 7 On May 27 TRADING tn options on the Chicago Board Options Exchange came to 68,596 contracts on Friday compared with 72,445 contracts on Thursday. OPTION JLY OCT JAN STOCK Alcoa SO 61/2 71/8 77/8 56 Alcoa 60 S/8 19/16 23/8 56 Am Tel 55 UNTRD NOL NOL1,330 words
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Article64 1977-05-30 7 FINANCIAL TIMES INDUSTRIALS Friday 452.3 Thursday 461.5 Week ago 461.3 DOW JONES AVERAGE INDUSTRIALS Friday 886.83 Thursday 908.07 Week ago 930 46 LONDON DOLLAR PREMIUM Friday 121S to 122 1 4 Thursday 114* to 114% H.K. HANG SENG Friday 441.94 Thursday 441.13 Week ago 443.97 SYDNEY INDUSTRIALS Friday 376.0964 words
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Article319 1977-05-30 7 NYT DEPRESSED by growing fears of Inflationary pressure and a new increase In the prime rate by at least half of the 20 biggest banks In the country, the Dow Jones Industrial Average plunged 31.63 points last week. At 898.83 the Dow stood at the lowestNYT - 319 words
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508 1977-05-30 7 Reuter NEW YORK. Sun. Yankee Bond maturities will lengthen this year but overall market volume will fall slightly from last year, Merrill Lynch, Pierce, Fenner and Smith Capital Markets group managing director, Mr. J. Arthur Urcluoll said. Yankee bonds are issues made in theReuter - 508 words
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129 1977-05-30 7 Reuter BRUSSELS, Sun. The EEC Commission will propose a three-point plan to stimulate small and medium sized companies in the Common Market within the next few months, EEC industrial commissioner Mr. Etienne Davignon said. Mr. Davignon told the Brussels Chamber of Commerce the EECReuter - 129 words
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Article85 1977-05-30 7 Reuter LONDON Sun. Toyota (G. 8.) said it dropped plans to build a UK import and distribution centre in Bristol, because of a voluntary restriction on UK sales growth. The company had planned to spend £5 million on a depot with an eventual annual capacity of 40,000Reuter - 85 words
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Page 7 Advertisements
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Advertisement111 1977-05-30 7 *>.r ;.^'*'jf m&mSk .'illlPSfli Hi > £iira/ toh> with < r >:, FEDERAL PUBLICATIONS mMms&mj ■<y :t Home Studies Division for the following Foulks Lynch c««r«s S ®§F |r S ijPU ?8 r? > 5? 1 -•>. I KM) Of WfWpW |W& liKtihite nf i vimrunv wi i '^Mwwml %'JbS111 words
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COMMODITY REPORTS AND PRICES
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Article170 1977-05-30 8 LONDON, S\m. Terminal continued to meet scattered selling during Friday afternoon and closed easy with prices mostly one pence (Jly/Sept 51.90 pence seller) to o.6s_pence per kilo down from Thursday night. 388 lots at 15 tonnes were traded including the posting of one further call option on170 words
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Article48 1977-05-30 8 May 23 May 24 May 29 May 28 May 27 May 28 •Tin: Tonne: fRubbeitS) {Rubber (M) $1,462 240 194.50 195.50 91,452 191 195.50 190.25 per plcul <1.458 222 194.75 195.50 t cent* per kilo 81.458 215 194.75 198.00 1,457 lfe 193.00 194.29 1,497 18748 words
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Article113 1977-05-30 8 THE Straits tin price to Penang on Saturday was unchanged at $1,457 per picul on an official offering down nine tonnes to 187 tonnes. In LONDON on Friday, tin finished with gains of £25 for Cash and £12 for Three Months to both contracts. The market ruled fully113 words
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Article264 1977-05-30 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL ON SATURDAY. Coconut Oil: Bulk *96 sellers, old drum $100 sellers, new drum *105 tellers. Copra: Mixed (loose) UK/Cont *60 buyers. Pepper: Muntok ASTA white f.o.b. 100% NLW >410 sellers. Sarawak white f.o.b 90S NLW *390 sellers. Sarawak special264 words
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Article90 1977-05-30 8 C.I.F. Rotterdam prices quoted In London on Friday In U8 dollar* per ton Malaysia 5* ffa bulk Jul Sumatra 5* May Jun July Aug Sept No* 657 sir 072.50 sir 972.50S/870 pd <72.50 sir 007 .50 slr/005 pd unch uncti unq 056 sir 070 sir 670 sir 670slr90 words
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Article59 1977-05-30 8 LONDON, Sun. Lead closed on Friday with gains of £11.50 per tonne all round. Small gains were scored on further end-week covering which took Three Months up to £364 in the Ring. Following the fall In copper, values slipped back on the Kerb to finish with Three Months trading59 words
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Article27 1977-05-30 8 LONDON, Sun. Zinc rose by £8.50 for Cash and £8 for Three Months on Friday. The market held steady In light two-way trading of 1250 tonnes.27 words
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Article509 1977-05-30 8 IN the Singapore gold market on Saturday, the kilo bar opened higher at 5511,530 and slowly moved higher to close at $11,545. In the loco London gold market, price opened at U*****.50/80 and was traded up to $144.75/ 145.00 before profit-taking brought it down to close at $*****tt0. Source:509 words
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Article289 1977-05-30 8 LONDON, Sun. Copper wire bars finished with gains on Friday of £21 per tonne .all round. The market held steady on endmorning levels following similar conditions at New York with Three Months finishing the Ring trading at £793 per tonne. Some profit-taking developed on the Kerb, however, and Three289 words
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Article517 1977-05-30 8 LONDON, Sun. Futures closed officially easier on Friday, mostly £15 to £192 per tonne down from Thursday night with the exception of Spot May which was unchanged-4480 lots were traded including 11 options. Prices In the near months closed little changed from the opening. July ended the day as517 words
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Article285 1977-05-30 8 LONDON, Sun. Futures closed £20.5 higher to £55 per tonne lower on sales of 3580 lots on Friday. Dealers said the market again moved irregularly over a wide range with differentials constantly changing as nears generally maintained their comparative strength against the weaker forward positions. Call options consisted of285 words
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Article296 1977-05-30 8 LONDON, Sun. Futures closed £2.10 to £0.90 higher in sales of 1,739 lots on Friday. Market sources said prices continued their steady trend after lunch on local buying and shortcovering but later values eased reflecting a softer tendency In New York. Call' options comprised four Oct premium £15 and296 words
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Article86 1977-05-30 8 CHICAGO, Sun. Wheat futures posted losses of two to Ift cent a bushel on Friday after trading In twocent range in thin dealings. Prices declined on speculative liquidation ahead of the long holiday weekend with commercial selling and weaknesses in other pits adding to negative ideas. Corn futures finished86 words
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Article729 1977-05-30 8 MOST commodities were traded at higher levels at the Singapore produce exchange nut week. Renewed support from New York and some European out-ports provided some vigour to the bidding. Trading volume, however, was generally light as most traders here were quickly running out of729 words
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Article112 1977-05-30 8 LONDON, Sun. Silver closed on Friday higher In the range 267.50/ 268.50 pence per ounce for spot metal against Its finish on Thursday of 262.50/ 263.50 pence while Three Months closed around 273.00/274.00. Dealers said a steadier trend In New York helped the metal and investor short-covering boosted the112 words
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Article177 1977-05-30 8 Reuter MOSCOW, Sun. Soviet farmers have planted over 125.5 million hectares of spring crops 83 per cent of their target the Communist Party dally Pravda reported. Quoting figures up to May 23 from the Central Statistical Bureau, Pravda said grains and pulses covered 79.9 million hectares of theReuter - 177 words
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MONEY AND EXCHANGES
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Article195 1977-05-30 8 STERLING once again came under pressure last week following a sharp rise In British retail prices. Concern over Inflation sparked elf some dismantling of position by multi-national corporations. However, presence of central bank support saw the British unit rallied to U551.7195 from a low of $1.7105. Sterling was quoted195 words
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Article43 1977-05-30 8 First Cktcafo «H Bftnckok B*ak MHM HSBC 1 A—■ Irimn «H Rnk «i PVI-. 7 Nilir» P«iUh Buk rfTakn Ik MlUia Bank IH Bank N««arm Irimili 7 OCBC OUB Cktrtmd Bank CH Ckmmi Mm— «<-. DBS UCB 7 UMBC 7 (JOB43 words
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Article222 1977-05-30 8 Asian rates RATES tended to stabilise after a slight easing undertone last week. Rollover Interests were noted but had not much effect as monetary supply Increased within moderate levels. (Ml was up $1.4 billion and M 2 up $2.4 billion). ASIAN currency average deposits rate* for the week ended May222 words
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Article203 1977-05-30 8 THE easy money market conditions continued to pre Tail last week except for Thursday and Friday where overnight interbank rates firmed slightly. Houses maintained the call money rate at 3 per cent and overnight funds fluctuated between 1 S/4 per cent to 3 per cent. Transactions in bank203 words
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Article294 1977-05-30 8 ZURICH, Sun. The US dollar came under considerable pressure in the second half of last week as a result of. the US deteriorating external trade position. The trade deficit for April was a record U552.62 billion compared to $2.39 billion in March. Germany had a trade surplus of 2.94294 words
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Article245 1977-05-30 8 LONDON, Sun. The dollar edged higher in European currency centres on Friday, after a fresh round of prime rate Increases by US banks. The prime rate adjustment although generally expected, helped neutralise the adverse Impact on the dollar stemming from the record April US trade deficit on Thursday and245 words
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Article150 1977-05-30 8 Euro rates LONDON, Sun. Period Eurodollar deposits had a harder undertone by the close on Friday while shortdates closed very steady after usual quiet pre-week-end trading, dealers said. Period deposits had gains of around 1/1 fi In the popular Three and Six Months ahead of the U8 holiday on Monday150 words
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Article65 1977-05-30 8 DAY to day funds remained easy for the whole of last week. Rates at times were down to 2 1/4 per cent at the close of the day. The general lack of in- terest in the terms, in view of the easy O/N money, account for a dull65 words
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Article187 1977-05-30 8 NEW YORK, Sun. The dollar regained on Friday some of the ground lost the day before after news of the record April US trade deficit, dealers said. Trading was quiet ahead of the long holiday weekend. The boost came from a move by many major banks, led by187 words
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Article32 1977-05-30 8 FRANKFURT exchanges closing quotes on May 27 US 2.3547/55 Can 2.2445/60 UK 4.042/048 Neth 95.65/73 Swltz 93.86/94.02 Italy 2.657/662 France 47.56/63 Japan 0.8490/8505 Belg com 6.52/53 Belg fin 6.517/530 Norw 44.81/8732 words
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Article40 1977-05-30 8 FOR the week ended Friday May 27, the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND 1% to I*% GENERAL FUNDS: 1% to 4% Movements of funds totalled $317 million.40 words
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Article52 1977-05-30 8 Reuter BANGKOK, Sun. Chare Chutaratanakul, Thailand's Deputy Undersecretary for Commerce told reporters this year's second rice crop, which wHI be harvested in two week's time, would yield 1.6 million tonnes of paddy. This compares with preliminary estimates of 1.4 million tonnes by the Ministry of Agriculture andReuter - 52 words
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Article189 1977-05-30 8 BANGKOK, Sun. The market was fairly active during last week despite government measures to slow down the rise export trade, dealers said. Trading was reported in both the commercial and government sector. Iran purchased 50,000 tonnes 100 per cent white rice 888 Grade on a commercial basis for June/189 words
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Article159 1977-05-30 8 CHICAGO, Sun. Soybean futures finished on a mixed tone on Friday posting sharp losses of as much as 20-12 cents a bushel In nearbys but small gains of up to two cents In deferreds. Liquidation ahead of the long weekend pushed prices down In the nearbys while unwinding of159 words
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Page 8 Advertisements
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Advertisement99 1977-05-30 8 BUY OUR VERY BEST. FOR UP TO 30% LESS. Mefwam's has a new location at Clifford Centre and just to make it easier fa you to get to know us in our new location in the heart of the city's financal centre, we are making this special introductory Offer up99 words
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Article, Illustration1756 1977-05-30 9 HUGH McILVANNEY - from HUGH McILVANNEY The Observer A dream of exhilarating fulfilment Is the extra fuel of every racing driver, for a man does not go to the edge of life so often for money alone, and when the thirtyfifth Monaco Grand Prix is set deafeninglyThe Observer - 1,756 words
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Article, Illustration556 1977-05-30 9 ASHOK Malik, the fivetime winner of the Indian amateur golf title, Is the new SICC club champion. He won the title when he scored a surprisingly easy win over fancied Prem Sachdev four and two In the final yesterday. AT SEMBAWANG: N. Hlghfleld556 words
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Article, Illustration885 1977-05-30 9 The Observer THE Lions, nervous and res tiems before their first match against a minor provincial teta. Wairarapa-Bush, a fortnight ago put their first tentative foot into' the cold waters of New Zealand rugby and found the temperature much to their liking. Their shattering performanceThe Observer - 885 words
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MONDAY SPORTS
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Article682 1977-05-30 9 PETER DOBEREINER - By PETER DOBEREINER The Observer ACCORDING to the official definition, a bunker Is an area of bare ground, often a depression, which is usually covered with sand. This Is rather like describing a nun as a naked woman who is usually covered in voluminous clothingThe Observer - 682 words
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Article262 1977-05-30 9 Reuter YOKOHAMA. Sun. Popular golfer Masashl "Jumbo" Ozakl of Japan today shot a brilliant slx-under-par 66 to win the U5590,600 ($221,970) PepslWllson golf tournament here with a total of 14-under-par 274. ozakl's superb final round, marked by six birdies and no bogey, gave him aReuter - 262 words
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Article136 1977-05-30 9 Reuter PARIS, Sun. West Germart Karl Meller took top seed Ille Nastase, of Rumania, to five sets in a gripping struggle in the french open tennis championships here yesterday. In scorching heat, before a packed crowd, he twice forced tie-breaks and won the second to makeReuter - 136 words
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Advertisement26 1977-05-30 9 HWW '2 srv >.• 3* y r< **-?NNny.lfy&( 1 rinfa 6? -fc/./i MENSWEAR TAILORS ft STORE OUTFITTERS •HIGH ST CENTRE-OCEAN BUILDING*SUPREME HOUSE GOODWOOD, HILTON, RAFFLES HOTELS-COLD STORAGE26 words
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697 1977-05-30 10 Reuter KUALA LUMPUR, Sun. Natural rubber producing countries will press at next month's United Nations Conference on Trade and Development commodity talks for the establishment of a- more than 350,000tonne rubber buffer stockpile scheme, Malaysian government sources said. They said a positionReuter - 697 words
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170 1977-05-30 10 Reuter MANILA, Sun. The Philippines Central Bank said it approved direct foreign equity Investments amounting to US$2l million (Sss2 million) during the first quarter of 1977, with the United States and Japan topping the list. This brings accumulated approved foreign Investments since Feb 21,Reuter - 170 words
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133 1977-05-30 10 Reuter MANILA, Sun. The Philippines intends sending a high level mission to African countries and to strengthen its representation in West Asia in its efforts to gain support for its attempts to end a rebellion by Muslim rebels in the south, President Marcos disclosedReuter - 133 words
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105 1977-05-30 10 Reuter BANGKOK, Sun. The assistant manager of Thailand's largest sugar exporter, Thailand Sugar denied reports from London that Thai export licences for sugar nave been suspended and that seven ships are waiting to load outside Bangkok harbour. Mr Pat -Bapuyavart saidReuter - 105 words
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Article617 1977-05-30 10 Reuter LONDON, Sun. Chase Econometrics Associates forecasts that the US economy is heading for a near-recession In 1978 with accelerating Inflation and a growing trade deficit that will put pressure on the dollar's external value, Its 6 resident, Mr. Michael vans told a business seminarReuter - 617 words
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172 1977-05-30 10 Reuter TOKYO, Sun. Japanese Prime Minister Takeo Fukuda has decided to more towards early conclusion of a Japan-China peace and friendship treaty, ruling Liberal Democratic Party leaders were quoted as saying by all Japanese newspapers published today. The national dally, Asahl Shimbun, said Mr. ShlgeruReuter - 172 words
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Article113 1977-05-30 10 UPI TOKYO, Sun. Japan— travel tycoon Kenji Osano, who owns five major hotels In Honolulu, will retire fren the board of directors of Japan Airlines (JAL) when his current term expires oa June 30, JAL president Shixuo Asada said today. Osano was named by aUPI - 113 words
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Article92 1977-05-30 10 UPI CAIRO, Sun. President Anwar Sadat announced over the weekend he will demand billions of dollars In compensation from Israel as part of a Middle East settlement, and said he "did not want to harass anyone" when asked about the possibility of clamping an ArabUPI - 92 words
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Article555 1977-05-30 10 Seeing it their way Reuter LONDON, Sun. The rich and the poor seem to be looking at the economic, trading and development issues through opposite ends of a telescope, Commenwealth SecretaryGeneral Shrldath Ramphal said today. "A world that sees its condition so variously can never be In harmony with itselfReuter - 555 words
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Article268 1977-05-30 10 Reuter PARIS, Sun. Exchange rate adjustments cannot cure fundamental payments Unbalances, said Mr. Pierre-Paul Schweizer, chairman of Bank of America International. Mr. Schweitzer, a former managing director of the International Monetary Fund, told the Association of International Bond Dealers conference that too rapid downward adjustments merely exacerbateReuter - 268 words
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Article171 1977-05-30 10 Reuter TOKYO, Sun. Japan's net external assets increased by U882.55 billion (588.3 billion) during 1978 to <9.57 billion at the end of the year, the Finance Ministry said. This was the first rise In net external assets since 1973, when they started to decline following the oilReuter - 171 words
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Article93 1977-05-30 10 Reuter BONN, Sun. A West Oerman parliamentary committee has given the government permission to spend an extra DM44O million (***** million) on aid for developing countries, Informed sources said here over the weekend. About DM3OO million of this is Intended for a special Third WorldReuter - 93 words
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Article48 1977-05-30 10 CONBODEX Pte. Ltd. has filed a 8310,907.77 suit at the High Court against Kim Bin Realty (Pte) Ltd. The sum was allegedly due for work done and material supplied to the defendant. A 8281,824 suit was also filed by Banque Nationale de Paris against IndoMalaya Trading Co.48 words
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Advertisement970 1977-05-30 10 National Bank NATIONAL WESTMINSTER BANK UMTI 901 906 SNng Kwan House, 4 Shenton Way, Singapore 1. Tel *****44 Fc*Bign Exchange Tel *****77 Telex RS ***** Head Office 41 Lothbury. London EC2. England CONSOLIDATED BALANCE SHEET at 31 OfdiiMry Ordinary share capital (Note 9) Reserves (Note 11) Preference there capital (Note970 words
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