Catchick Moses, an Armenian, bought a printing press and appointed Robert Carr Woods as an editor. On the morning of Jul 15, Robert Carr Woods single-handedly edited and published the first issue of the Straits Times and Singapore Journal of Commerce which was printed on a hand press at a godown in Singapore. It was an eight-page folio-sized paper, published every Tuesday with circulation of less than 200 copies. The price was 10 cents.
Woods turned the Straits Times and Singapore Journal of Commerce into an afternoon daily, changing its name to the Daily Times.
Daily Times reverted to being the Straits Times.
The Straits Times Press was converted into a private limited company, The Straits Times Press Pte Ltd, capitalised at $100,000. The days of the proprietor/editor were over. The Procurer in Singapore of the Roman Catholic mission became the largest single shareholder of the Straits Times Press Pte Ltd.