test-out-maxent.txt

Then
in
a
lightning
plunge
COMMA
the
Dow
Jones
industrials	ARG1
in
barely
an
hour
surrendered
about
a
third
of
their
gains
this
year
COMMA
chalking
up
a
190.58-point
COMMA
or
6.9
%
COMMA
loss
on
the
day
in
gargantuan
trading
volume
.

In
percentage
terms
COMMA
however
COMMA
the
Dow
's
dive
was
the
12th-worst
ever
and
the
sharpest
since
the
market
fell
156.83
COMMA
or
8
%	PRED
COMMA
a
week
after
Black
Monday
.

The
Dow
fell
22.6
%	PRED
on
Black
Monday
.

The
$
409
million
bid
is
estimated
by
Mr.
Simpson
as
representing
75
%	PRED
of
the
value	ARG1
of
all
Hooker
real-estate
holdings
in
the
U.S.
.

Canadian
steel-ingot
production	ARG1
totaled
291COMMA890
metric
tons
in
the
week
ended
Oct.
7
COMMA
up
14.8
%	PRED
from
the
preceding
week
's
total
of
254COMMA280
tons
COMMA
Statistics
Canada
COMMA
a
federal
agency
COMMA
said
.

The
week
's
total
was
up
6.2
%	PRED
from
274COMMA963
tons
a
year
earlier
.

The
year-to-date
total
was
12COMMA006COMMA883
tons
COMMA
up
7.8
%	PRED
from
11COMMA141COMMA711
tons
a
year
earlier
.

As
a
group
COMMA
stock
funds
held
10.2
%	PRED
of
assets	ARG1
in
cash
as
of
August
COMMA
the
latest
figures
available
from
the
Investment
Company
Institute
.

As
of
yesterday
afternoon
COMMA
the
redemptions
represented
less
than
15
%	PRED
of
the
total
cash
position
of
about
$
2
billion
of
Fidelity
's
stock
funds
.

But
she
expects
prices	ARG1
to
rebound
soon
and
is
telling
investors
she
expects
the
stock
market
wo
n't
decline	SUPPORT
more
than
10
%
to
15
%
from
recent
highs
.

But
she
expects
prices	ARG1
to
rebound
soon
and
is
telling
investors
she
expects
the
stock
market
wo
n't
decline	SUPPORT
more
than
10
%
to
15
%
from
recent
highs
.

But
Mr.
Baker
called
the
letter
--
and
the
company
's
offer
of
a
10
%	PRED
wage
increase	SUPPORT
over
the
life
of
the
pact
COMMA
plus
bonuses
--
``
very
weak
.
''

Under
terms
of
the
plan
COMMA
independent
generators
would
be
able
to
compete
for
15
%	PRED
of
customers
until
1994
COMMA
and
for
another
10
%
between
1994
and
1998
.

The
company
is
putting
up
only
10
%	PRED
of
the
capital	ARG1
COMMA
although
it
is
responsible
for
providing
management
COMMA
planning
and
processing
services
to
the
joint
venture
.

The
plant
usually
accounts
for
20
%
to
25
%	PRED
of
Quantum
's
polyethylene
production
and
50
%	PRED
of
its
ethylene
production
.

The
plant
usually
accounts
for
20
%
to
25
%	PRED
of
Quantum
's
polyethylene
production
and
50
%	PRED
of
its
ethylene
production
.

The
plant
usually
accounts
for
20
%
to
25
%	PRED
of
Quantum
's
polyethylene
production
and
50
%	PRED
of
its
ethylene
production
.

Mexico
COMMA
which
was
one
of
the
first
countries
to
conclude
its
steel
talks
with
the
U.S.
COMMA
virtually
doubled
its
quota
to
0.95
%	PRED
of
the
U.S.
steel
market
from
0.48
%
under
the
previous
quotas
.

That
increase
rises
to
slightly
more
than
2
%	PRED
of
the
U.S.
market	ARG1
if
a
joint
Korean-U.S.
steel
project
is
included
.

The
EC
steel
industry
COMMA
which
has
been
coping
with
strong
European
demand
COMMA
has
been
supplying
about
5
%	PRED
of
the
U.S.
market
compared
with
recent
quotas
of
about
6.7
%
.

Japan
has
been
shipping
steel
to
total
about
4.5
%	PRED
of
the
U.S.
market
compared
with
a
quota
of
5.9
%	PRED
.

In
the
recent
talks
COMMA
the
EC	ARG1
had
its
quota
increased
about
300COMMA000
tons
COMMA
to
7
%	PRED
of
the
U.S.
market	ARG1
from
6.7
%
in
1988
.

Japan
COMMA
the
EC
COMMA
Brazil
COMMA
Mexico
and
South
Korea
provide
about
80
%	PRED
of
the
steel
imported
to
the
U.S.
under
the
quota
program
.

The
U.S.
had
about
an
extra
2
%	PRED
of
the
domestic
steel
market
to
give
to
foreign
suppliers	ARG1
in
its
quota
talks
.

That
was
essentially
made
up
of
a
1
%
increase
in
the
overall
quota
program
and
1
%	PRED
from
cutting
Japan
's
allowance	ARG1
.

Negotiators
from
the
White
House
trade
office
will
repeat
these
quota
negotiations
next
year
when
they
will
have
another
1
%	PRED
of
the
U.S.
steel
market
to
allocate
.

In
recent
years
COMMA
U.S.
steelmakers
have
supplied
about
80
%	PRED
of
the
100
million
tons
of
steel	ARG1
used
annually
by
the
nation
.

Britain
's
retail
price
index	ARG1
rose	SUPPORT
0.7
%	PRED
in
September
from
August
and
was
up
7.6
%	PRED
for
the
year
COMMA
the
Central
Statistical
Office
said
.

Britain
's
retail
price
index	ARG1
rose	SUPPORT
0.7
%	PRED
in
September
from
August
and
was
up
7.6
%	PRED
for
the
year
COMMA
the
Central
Statistical
Office
said
.

The
rights
allow
shareholders
to
purchase
Quest
stock	PRED
at
a
discount
if
any
person
or
group
acquires
more
than
15
%	PRED
of
the
company	ARG1
's
common
stock
or
announces
a
tender
offer
.

To
be
sure
COMMA
Kao
would
n't
have
an
easy
time
taking
U.S.
market
share	PRED
away
from
the
mighty
P&G
COMMA
which
has
about
23
%	PRED
of
the
market	ARG1
.

The
Cincinnati
consumer-products
giant
got
clobbered
two
years
ago
in
Japan
when
Kao
introduced
a
powerful
detergent
COMMA
called
Attack
COMMA
which
quickly
won
a
30
%	PRED
stake	SUPPORT
in
the
Japanese
markets
.

The
U.S.
share	PRED
of
the
Japanese
market	ARG1
has
been
stuck	SUPPORT
around
10
%	PRED
for
years
.

Going
into
the
fourth
quarter
COMMA
natural
gas
prices
are
anywhere
from
8
%
to
17
%
lower
than
a
year
earlier
.

Going
into
the
fourth
quarter
COMMA
natural
gas
prices
are
anywhere
from
8
%
to
17
%
lower
than
a
year
earlier
.

For
instance
COMMA
natural
gas
currently
produced
along
the
Gulf
Coast
is
selling
on
the
spot
market
for
around
$
1.47
a
thousand
cubic
feet
COMMA
down
13
%	PRED
from
$
1.69
a
thousand
cubic
feet
a
year
ago
.

It
has
plunged	SUPPORT
13
%	PRED
since
July
to
around
26
cents
a
pound
.

Financial
Corp.
purchased
the
bonds
COMMA
the
suit
alleged
COMMA
after
Mr.
Boesky
and
Drexel
negotiated
an
agreement
for
Vagabond
Hotels
to
purchase
a
51
%
stake	SUPPORT
in
the
thrift	ARG1
for
about
$
34
million
.

Shortly
before
the
visit
COMMA
Mr.
Boesky
and
Drexel
representives
had
met
with
Financial
Corp.
officials
and
had
signed
a
letter
of
intent
to
acquire
the
51
%	PRED
stake	PRED
in
the
company
.

Ideal
Basic
Industries
Inc.
said
its
directors
reached
an
agreement
in
principle
calling
for
HOFI
North
America
Inc.
to
combine
its
North
American
cement
holdings	ARG1
with
Ideal
in
a
transaction
that
will
leave
Ideal
's
minority
shareholders
with
12.8
%
of
the
combined
company
.

HOFI
COMMA
the
North
American
holding
company
of
Swiss
concern
Holderbank
Financiere
Glaris
Ltd.
COMMA
previously
proposed
combining
its
100
%	PRED
stake	PRED
in
St.
Lawrence
Cement
Inc.
and
its
60
%	PRED
stake	SUPPORT
in
Dundee
Cement
Co.
with
its
67
%
stake	SUPPORT
in
Ideal
.

HOFI
COMMA
the
North
American
holding
company
of
Swiss
concern
Holderbank
Financiere
Glaris
Ltd.
COMMA
previously
proposed
combining
its
100
%	PRED
stake	PRED
in
St.
Lawrence
Cement
Inc.
and
its
60
%	PRED
stake	SUPPORT
in
Dundee
Cement
Co.
with
its
67
%
stake	SUPPORT
in
Ideal
.

HOFI
COMMA
the
North
American
holding
company
of
Swiss
concern
Holderbank
Financiere
Glaris
Ltd.
COMMA
previously
proposed
combining
its
100
%	PRED
stake	PRED
in
St.
Lawrence
Cement
Inc.
and
its
60
%	PRED
stake	SUPPORT
in
Dundee
Cement
Co.
with
its
67
%
stake	SUPPORT
in
Ideal
.

But
HOFI
's
first
offer
would
have
given
Ideal
's
other
shareholders
about
10
%	PRED
of
the
combined
company	ARG1
.

Under
the
agreement
COMMA
HOFI
will
own
87.2
%	PRED
of
the
combined
company	ARG1
.

Ideal
's
current
operations
will
represent
about
39.2
%	PRED
of
the
combined
company	ARG1
.

For
example
COMMA
in
the
Oklahoma
panhandle
COMMA
40
%
or
more
of
the
topsoil
is
short
of
moisture
.

Bozell
Cheil
Corp.
COMMA
as
the
new
agency
will
be
called
COMMA
will
be
based
in
Seoul
and
is
70
%
owned
by
Samsung
and
30
%
owned
by
Bozell
.

Bozell
Cheil
Corp.
COMMA
as
the
new
agency
will
be
called
COMMA
will
be
based
in
Seoul
and
is
70
%
owned
by
Samsung
and
30
%
owned
by
Bozell
.

Messrs.
Malson
and
Seelenfreund
are
directors
of
McKesson
COMMA
which
has
an
86
%	PRED
stake	SUPPORT
in
PCS
.

A
MedChem
spokesman
said
the
products
contribute
about
a
third	PRED
of
MedChem
's
sales	ARG1
and
10
%
to
20
%	PRED
of
its
earnings	ARG1
.

A
MedChem
spokesman
said
the
products
contribute
about
a
third	PRED
of
MedChem
's
sales	ARG1
and
10
%
to
20
%	PRED
of
its
earnings	ARG1
.

At
USA
Today
COMMA
ad
pages	ARG1
totaled
785
for
the
quarter
COMMA
down
9.2
%
from
the
1988
period
COMMA
which
was
helped
by
increased
ad
spending
from
the
Summer
Olympics
.

While
USA
Today
's
total
paid
ad
pages	PRED
for
the
year
to
date
totaled
2COMMA735
COMMA
a
decrease
of
4
%	PRED
from
last
year
COMMA
the
paper
's
ad
revenue	ARG1
increased	SUPPORT
8
%	PRED
in
the
quarter
and
13
%
in
the
nine
months
.

While
USA
Today
's
total
paid
ad
pages	PRED
for
the
year
to
date
totaled
2COMMA735
COMMA
a
decrease
of
4
%	PRED
from
last
year
COMMA
the
paper
's
ad
revenue	ARG1
increased	SUPPORT
8
%	PRED
in
the
quarter
and
13
%
in
the
nine
months
.

In
the
nine
months
COMMA
Gannett
's
net	ARG1
rose	SUPPORT
9.5
%	PRED
to
$
270
million
COMMA
or
$
1.68
a
share
COMMA
from
$
247
million
COMMA
or
$
1.52
a
share
.

Revenue	ARG1
gained	SUPPORT
6
%	PRED
to
$
2.55
billion
from
$
2.4
billion
.

At
Dow
Jones
&
Co.
COMMA
third-quarter
net
income	ARG1
fell	SUPPORT
9.9
%	PRED
from
the
year-earlier
period
.

Ad
linage
at
the
Journal
fell	SUPPORT
6.1
%	PRED
in
the
third
quarter
.

After
a
supply
crunch
caused
prices
to
rise	SUPPORT
14
%	PRED
since
1986
to
$
650
a
metric
ton
COMMA
analysts
are
encouraged
COMMA
because
they
do
n't
expect
a
price
increase
for
the
rest
of
this
year
.

For
instance
COMMA
Gannett	ARG1
Co.
posted
an
11
%	PRED
gain	SUPPORT
in
net
income	ARG1
COMMA
as
total
ad
pages	ARG1
dropped
at
USA
Today
COMMA
but
advertising
revenue
rose
because
of
a
higher
circulation
rate
base
and
increased
rates
.

Gannett
's
83
daily
and
35
non-daily
newspapers
reported
a
3
%	PRED
increase
in
advertising
and
circulation
revenue
.

The
company
COMMA
currently
using
about
80
%	PRED
of
its
North
American
vehicle
capacity
COMMA
has
vowed
it
will
run
at
100
%	PRED
of
capacity
by
1992
.

The
company
COMMA
currently
using
about
80
%	PRED
of
its
North
American
vehicle
capacity
COMMA
has
vowed
it
will
run
at
100
%	PRED
of
capacity
by
1992
.

French
state-owned
Rhone-Poulenc
S.A.
holds
51
%	PRED
of
Merieux
.

Mr.
Sweig
said
he
estimated
that
Lilly
's
earnings
for
the
quarter
jumped	SUPPORT
about
20
%	PRED
COMMA
largely
because
of
the
performance
of
its
new
anti-depressant
Prozac
.

Several
analysts
said
they
expected
Warner-Lambert
's
profit
also
to
increase
by
more
than
20
%	PRED
from
$
87.7
million
COMMA
or
$
1.25
a
share
COMMA
it
reported
in
the
like
period
last
year
.

In
Madison
COMMA
N.J.
COMMA
a
spokesman
for
Schering-Plough
said
the
company
has
``
no
problems
''
with
the
average
estimate
by
a
analysts
that
third-quarter
earnings
per
share
rose
by
about
19
%	PRED
COMMA
to
$
1
.

The
company
expects
to
achieve
the
20
%	PRED
increase	SUPPORT
in
full-year
earnings	ARG1
per
share
COMMA
as
it
projected
in
the
spring
COMMA
the
spokesman
said
.

Meanwhile
COMMA
analysts
said
Pfizer
's
recent
string	PRED
of
lackluster
quarterly
performances
continued
COMMA
as
earnings
in
the
quarter
were
expected
to
decline	SUPPORT
by	SUPPORT
about
5
%	PRED
.

Analysts
said
they
expected
Upjohn
's
profit
to
be
flat
or
rise
by
only
about
2
%
to
4
%
as
compared
with
$
89.6
million
COMMA
or
49
cents
a
share
COMMA
it
earned
a
year
ago
.

Analysts
said
they
expected
Upjohn
's
profit
to
be
flat
or
rise
by
only
about
2
%
to
4
%
as
compared
with
$
89.6
million
COMMA
or
49
cents
a
share
COMMA
it
earned
a
year
ago
.

Analysts
said
profit
for
the
dozen	PRED
or
so
big
drug
makers
COMMA
as
a
group
COMMA
is
estimated
to
have
climbed
between
11
%
and
14
%
.

Analysts
said
profit
for
the
dozen	PRED
or
so
big
drug
makers
COMMA
as
a
group
COMMA
is
estimated
to
have
climbed
between
11
%
and
14
%
.

Mr.
Sweig
estimated
that
Merck
's
profit	ARG1
for
the
quarter
rose	SUPPORT
by
about
22
%
COMMA
propelled
by
sales
of
its
line-up
of
fast-growing
prescription
drugs
COMMA
including
its
anti-cholesterol
drug
COMMA
Mevacor
;
a
high
blood
pressure
medicine
COMMA
Vasotec
;
Primaxin
COMMA
an
antibiotic
COMMA
and
Pepcid
COMMA
an
anti-ulcer
medication
.

Amid
a
crowd	PRED
of
crashing	ARG1
stocks
COMMA
Relational
Technology
Inc.
's
stock
fell
particularly
hard
Friday
COMMA
dropping
23
%	PRED
because
its
problems
were
compounded
by
disclosure
of
an
unexpected
loss
for
its
fiscal	ARG1
first
quarter	PRED
.

But
on
average
COMMA
Manhattan
retail
rents
have
dropped	SUPPORT
10
%	PRED
to
15
%
in
the
past
six
months
alone
COMMA
experts
say
.

But
on
average
COMMA
Manhattan
retail
rents
have
dropped	SUPPORT
10
%	PRED
to
15
%
in
the
past
six
months
alone
COMMA
experts
say
.

And
Time
's
paid
circulation
COMMA
according
to
Audit
Bureau
of
Circulations
COMMA
dropped
7.3
%	PRED
to
4COMMA393COMMA237
in
the
six
months
ended
June
30
COMMA
1989
.

But
70
%	PRED
of
the
cable-television-equipped
households	ARG1
that
watch
news
do
so
between
6:30
p.m.
and
7
p.m.
COMMA
the
network
discovered
COMMA
so
CNN
wants
in
.

``
We
would
obviously
be
upset
if
those
kinds
of
services
evolved
into
more
general-interest
COMMA
long-format
programming
COMMA
''
says
Robert
Stengel
COMMA
senior
vice
president
COMMA
programming
COMMA
of
Continental
Cablevision
Inc.
COMMA
which
holds
a
2
%	PRED
stake	SUPPORT
in
Turner
Broadcasting
.

After
falling
for
three
consecutive
months
COMMA
the
producer
price
index	ARG1
for
finished
goods
shot	SUPPORT
up
0.9
%	PRED
last
month
COMMA
the
Labor
Department
reported
Friday
COMMA
as
energy
prices
jumped
after
tumbling
through
the
summer
.

Moreover
COMMA
this
year
's
good
inflation
news
may
have
ended
last
month
COMMA
when
energy
prices	ARG1
zoomed
up
6.5
%
after
plunging
7.3
%	PRED
in
August
.

Moreover
COMMA
this
year
's
good
inflation
news
may
have
ended
last
month
COMMA
when
energy
prices	ARG1
zoomed
up
6.5
%
after
plunging
7.3
%	PRED
in
August
.

Passenger
car
prices	ARG1
jumped	SUPPORT
3.8
%	PRED
in
September
COMMA
after
climbing	SUPPORT
0.5
%	PRED
in
August
and
declining
in
the
late
spring
and
summer
.

Passenger
car
prices	ARG1
jumped	SUPPORT
3.8
%	PRED
in
September
COMMA
after
climbing	SUPPORT
0.5
%	PRED
in
August
and
declining
in
the
late
spring
and
summer
.

Prices	ARG1
for
capital
equipment
rose	SUPPORT
a
hefty
1.1
%	PRED
in
September
COMMA
while
prices	ARG1
for
home
electronic
equipment
fell	SUPPORT
1.1
%	PRED
.

Prices	ARG1
for
capital
equipment
rose	SUPPORT
a
hefty
1.1
%	PRED
in
September
COMMA
while
prices	ARG1
for
home
electronic
equipment
fell	SUPPORT
1.1
%	PRED
.

Food
prices	ARG1
declined	SUPPORT
0.6
%	PRED
COMMA
after
climbing	SUPPORT
0.3
%	PRED
in
August
.

Food
prices	ARG1
declined	SUPPORT
0.6
%	PRED
COMMA
after
climbing	SUPPORT
0.3
%	PRED
in
August
.

Meanwhile
COMMA
the
retail
sales
report
showed
that
car
sales	ARG1
rose	SUPPORT
0.8
%	PRED
in
September
to
$
32.82
billion
.

Sales	ARG1
at
general
merchandise
stores
rose	SUPPORT
1.7
%	PRED
after
declining	SUPPORT
0.6
%
in
August
COMMA
while
sales
of
building
materials
fell	SUPPORT
1.8
%	PRED
after
rising	SUPPORT
1.7
%	PRED
.

Sales	ARG1
at
general
merchandise
stores
rose	SUPPORT
1.7
%	PRED
after
declining	SUPPORT
0.6
%
in
August
COMMA
while
sales
of
building
materials
fell	SUPPORT
1.8
%	PRED
after
rising	SUPPORT
1.7
%	PRED
.

Sales	ARG1
at
general
merchandise
stores
rose	SUPPORT
1.7
%	PRED
after
declining	SUPPORT
0.6
%
in
August
COMMA
while
sales
of
building
materials
fell	SUPPORT
1.8
%	PRED
after
rising	SUPPORT
1.7
%	PRED
.

Sales	ARG1
at
general
merchandise
stores
rose	SUPPORT
1.7
%	PRED
after
declining	SUPPORT
0.6
%
in
August
COMMA
while
sales
of
building
materials
fell	SUPPORT
1.8
%	PRED
after
rising	SUPPORT
1.7
%	PRED
.

Producer
prices
for
intermediate
goods
grew	SUPPORT
0.4
%	PRED
in
September
COMMA
after
dropping
for
three
consecutive
months
.

Prices	ARG1
for
crude
goods
COMMA
an
array	PRED
of
raw
materials	ARG1
COMMA
jumped
1.1
%
after
declining	SUPPORT
1.9
%
in
August
and
edging
up
0.2
%	PRED
in
July
.

Prices	ARG1
for
crude
goods
COMMA
an
array	PRED
of
raw
materials	ARG1
COMMA
jumped
1.1
%
after
declining	SUPPORT
1.9
%
in
August
and
edging
up
0.2
%	PRED
in
July
.

Prices	ARG1
for
crude
goods
COMMA
an
array	PRED
of
raw
materials	ARG1
COMMA
jumped
1.1
%
after
declining	SUPPORT
1.9
%
in
August
and
edging
up
0.2
%	PRED
in
July
.

Further
fueling
the
belief
that
pressures
in
the
economy
were
sufficient
to
keep
the
Fed
from
easing
credit
COMMA
the
Commerce
Department
reported
Friday
that
retail
sales	ARG1
grew	SUPPORT
0.5
%	PRED
in
September
COMMA
to
$
145.21
billion
.

``
The
overall
0.9
%
increase
is
serious
in
itself
COMMA
but
what
is
even
worse
is
that
excluding
food
and
energy
COMMA
the
producer
price
index
still
increased	SUPPORT
by	SUPPORT
0.7
%	PRED
COMMA
''
said
Gordon
Richards
COMMA
an
economist
at
the
National
Association
of
Manufacturers
.

Approximately
85
%	PRED
of
the
total
consisted
of
nonperforming
commercial
real
estate
assets
.

It
said
the
sale
would
give
it
positive
tangible
capital
of
$
82
million
COMMA
or
about
1.2
%	PRED
of
assets
COMMA
from
a
negative
$
33
million
as
of
Sept.
30
COMMA
thus
bringing
CenTrust
close
to
regulatory
standards
.

But
perhaps
even
more
remarkable
COMMA
the
three-hour-show
COMMA
``
Wetten
Dass
''
(
Make
a
Bet
)
COMMA
regularly
wins
the
top
slot
in
the
country
's
TV
ratings
COMMA
sometimes
drawing
as
many
as
50
%
of
West
German
households	ARG1
.

The
most
militant
opposition
to
American
TV
imports
has
come
from
French
television
and
movie
producers
COMMA
who
have
demanded
quotas
ensuring
that
a
full
60
%	PRED
of
Europe
's
TV
shows
be
produced
in
Europe
.

Canada
's
current
oil
exports
to
the
U.S.
total
about
600COMMA000
barrels
a
day
COMMA
or
about
9.1
%
of
net
U.S.
crude
imports
COMMA
said
John
Lichtblau
COMMA
president
of
the
New
York-based
Petroleum
Industry
Research
Foundation
.

Mr.
Watkins
said
volume
on
Interprovincial
's
system
is
down
about
2
%	PRED
since
January
and
is
expected
to
fall
further
COMMA
making
expansion
unnecessary
until
perhaps
the
mid-1990s
.

The
number
of
active
drilling
rigs
in
Canada
is
down
30
%	PRED
from
a
year
ago
COMMA
and
the
number	PRED
of
completed
oil	ARG1
wells
is
``
down
more
than
that
COMMA
due
to
the
increasing
focus
on
gas
exploration
COMMA
''
said
Robert
Feick
COMMA
manager
of
crude
oil
with
Calgary
's
Independent
Petroleum
Association
of
Canada
COMMA
an
industry
group
.

Interprovincial
transports
about
75
%	PRED
of
all
crude
produced
in
western
Canada
COMMA
and
almost
60
%	PRED
of
Interprovincial
's
total
volume	ARG1
consists
of
light
crude
.

Interprovincial
transports
about
75
%	PRED
of
all
crude
produced
in
western
Canada
COMMA
and
almost
60
%	PRED
of
Interprovincial
's
total
volume	ARG1
consists
of
light
crude
.

Inland
Steel
Industries
Inc.
expects
to
report
that
third-quarter
earnings	ARG1
dropped	SUPPORT
more
than
50
%	PRED
from
the
previous
quarter
as
a
result
of
reduced
sales
volume
and
increased
costs
.

Last
week
COMMA
Microsoft
said
it
expects
revenue	ARG1
for
its
first
quarter
ended
Sept.
30
to
increase	SUPPORT
34
%	PRED
.

Seven
of
nine
states
have
grown	SUPPORT
each
year
since
1980
COMMA
including
New
York
COMMA
which
lost
4
%	PRED
of
its
population	ARG1
during
the
1970s
.

A
new
Census
Bureau
study
of
the
noninstitutionalized
population
shows
that
64
%	PRED
of
people	ARG1
aged
65
to
74
were
living
with
a
spouse
in
1988
COMMA
up
from
59
%
in
1970
.

In
1988
COMMA
10
%	PRED
of
those
aged
65
to
74
lived
with
relatives
other
than
spouses
COMMA
down
from
15
%
in
1970
.

Only
17
%	PRED
of
those
aged
75
and
older
lived
with
relatives
other
than
spouses
in
1988
COMMA
down
from
26
%
in
1970
.

Although
they
represent
only
2
%	PRED
of
the
population	ARG1
COMMA
they
control
nearly
one-third	PRED
of
discretionary
income	ARG1
.

Despite
their
considerable
incomes
and
assets
COMMA
40
%	PRED
of
the
respondents	ARG1
in
the
study
do
n't
feel
financially
secure
COMMA
and
one-fourth
do
n't
feel
that
they
have
made
it
.

The
American
Bankers
Association
says
that
women
make
up
47
%	PRED
of
officials
and
managers
in
the
top
50
banks	ARG1
COMMA
up
from
33
%
in
1978
.

The
amount
of
income
divvied
up
for
each
man
COMMA
woman
and
child
was
$
16COMMA489
in
1988
COMMA
up
6.6
%	PRED
from
$
15COMMA472
in
1987
.

Iowa
COMMA
for
instance
COMMA
saw
its
population
grow	SUPPORT
by	SUPPORT
11COMMA000
people
COMMA
or
0.4
%
COMMA
between
1987
and
1988
COMMA
the
Census
Bureau
says
.

There
are
13.1
million
students
in
college
this
fall
COMMA
up
2
%	PRED
from
1988
COMMA
the
National
Center
for
Education
Statistics
estimates
.

The
measure
repeals
a
50
%
exclusion
given
to
banks
on
the
interest
from
loans
used
to
acquire
securities
for
an
ESOP
COMMA
if
the
ESOP
owns
less
than
30
%	PRED
of
the
employer	ARG1
's
stock
.

``
Those
corrections
lasted
one
to
four
weeks
and
took
the
market
10%-12
%
down
COMMA
''
she
says
.

``
The
market
was
up
35
%	PRED
since
{
President
}
Bush
took
office
COMMA
''
Mr.
Gabelli
says
COMMA
so
a
correction
was
to
be
expected
.

Nonetheless
COMMA
the
Nasdaq
Composite
Index
suffered
its
biggest
point
decline	PRED
of
the
year
and
its
sixth
worst
ever
COMMA
diving	SUPPORT
14.90
COMMA
or
3
%	PRED
COMMA
to
467.29
.

The
Nasdaq
100
Index	ARG1
of
the
largest
nonfinancial
issues
COMMA
including
the
big
OTC
technology
issues
COMMA
tumbled	SUPPORT
4.2
%	PRED
COMMA
or
19.76
COMMA
to
449.33
.

The
Nasdaq
Financial
Index
of
giant
insurance
and
banking
stocks	ARG1
dropped
2
%	PRED
COMMA
or
9.31
COMMA
to
462.98
.

McCaw
lost	SUPPORT
8
%
COMMA
or
3
1/2
COMMA
to
40
.

LIN
Broadcasting
COMMA
dropped
5
1/2
COMMA
or
5
%	PRED
COMMA
to
107
1/2
.

By
comparison
COMMA
the
New
York
Stock
Exchange
Composite	ARG1
tumbled
5.8
%	PRED
Friday
and
the
American
Stock
Exchange
Composite	ARG1
fell
4
%	PRED
.

By
comparison
COMMA
the
New
York
Stock
Exchange
Composite	ARG1
tumbled
5.8
%	PRED
Friday
and
the
American
Stock
Exchange
Composite	ARG1
fell
4
%	PRED
.

On
Oct.
16
COMMA
1987
COMMA
the
Nasdaq
Composite	ARG1
fell
16.18
points
COMMA
or
3.8
%
COMMA
followed
by
its
devastating
46.12-point
COMMA
or
11
%
slide
COMMA
three
days
later
.

On
Oct.
16
COMMA
1987
COMMA
the
Nasdaq
Composite	ARG1
fell
16.18
points
COMMA
or
3.8
%
COMMA
followed
by
its
devastating
46.12-point
COMMA
or
11
%
slide
COMMA
three
days
later
.

Stocks	ARG1
COMMA
as
measured
by
the
Standard
&
Poor
's
500-stock
index
COMMA
have
been
stellar
performers
this
year
COMMA
rising
27.97
%
before
Friday
's
plunge
COMMA
excluding
dividends
.

Neil
Weisman
COMMA
whose
New
York-based
Chilmark
Capital
Partners
had
converted
85
%	PRED
of
its
$
220
million
investment
pool
to
cash
in
recent
months
COMMA
said
he
was
besieged
by
Wall
Street
firms
Friday
asking
him
to
take
stock
off
their
hands
.

The
nation
's
largest
short-selling
operation
is
Feshbach
Brothers
COMMA
Palo
Alto
COMMA
Calif.
COMMA
which
said
last
May
that
its
short
positions
had
shown
losses
of
10
%
for
the
year
up
to
that
point
.

Speaking
through
its
Dutch
lawyers
COMMA
ASKO
also
disclosed
it
holds	SUPPORT
a
15
%	PRED
stake	SUPPORT
in
Ahold
.

Consider
the
growth
of
portables
COMMA
which
now
comprise
12
%	PRED
of
all
personal
computer
sales
.

Compaq
's
announcement
also
spells
trouble
for
Zenith
COMMA
which
last
year
had
28
%	PRED
of
the
U.S.
laptop
market
but
recently
agreed
to
sell
its
computer
business
to
Cie.
des
Machines
Bull
COMMA
the
French
government-owned
computer
maker
.

Sharp
increases
in
the
price
of
fresh
produce
caused
Spain
's
September
consumer
price
index	ARG1
to
shoot
up
1.1
%	PRED
from
the
previous
month
COMMA
pushing
the
annual
rate
of
inflation
to
6.8
%	PRED
COMMA
the
National
Institute
of
Statistics
said
Friday
.

Prices	ARG1
have
risen	SUPPORT
5.9
%	PRED
in
the
first
nine
months
of
the
year
COMMA
outstripping
both
the
initial
3
%
inflation
goal
set	PRED
by
the
government
of
Socialist
Prime
Minister
Felipe
Gonzalez
and
the
second
COMMA
revised
goal
of
5.8
%
.

Japan
's
wholesale
prices	ARG1
in
September
rose	SUPPORT
3.3
%	PRED
from
a
year
earlier
and
were
up
0.4
%	PRED
from
the
previous
month
COMMA
the
Bank
of
Japan
announced
Friday
.

Japan
's
wholesale
prices	ARG1
in
September
rose	SUPPORT
3.3
%	PRED
from
a
year
earlier
and
were
up
0.4
%	PRED
from
the
previous
month
COMMA
the
Bank
of
Japan
announced
Friday
.

Ford
Motor
Co.
said
it
acquired
5
%	PRED
of
the
shares	ARG1
in
Jaguar
PLC
.

The
U.S.
Federal
Trade
Commission
advised
Ford
last
week
that
it
would
n't
raise
any
objection
to
the
acquisition
of
as
much
as
15
%	PRED
of
Jaguar	ARG1
shares	PRED
.

Typically
COMMA
a
margin
call
occurs
when
the
price
of
a
stock
falls
below
75
%	PRED
of
its
original
value	ARG1
.

``
I
'd
be
disappointed
if
the
company	ARG1
grew
by
less
than
20
%	PRED
next
year
COMMA
''
said
John
Levinson
COMMA
an
analyst
at
Goldman
COMMA
Sachs
&
Co
.

The
consensus
among
economists
is
that
it
grew
a
much
more
sluggish
2.3
%
in
the
third
quarter
of
1989
COMMA
which
ended
two
weeks
ago
.

Freddie
Mac
said
the
principal-only
securities
were
priced
at
58
1/4
to
yield
8.45
%
COMMA
assuming
an
average
life
of
eight
years
and
a
prepayment
of
160
%	PRED
of
the
PSA
model
.

Then
in
a
lightning
plunge
COMMA
the
Dow
Jones
industrials	ARG1
in
barely
an
hour
surrendered
about
a
third
of
their
gains
this
year
COMMA
chalking
up
a
190.58-point
COMMA
or
6.9
%
COMMA
loss
on
the
day
in
gargantuan
trading
volume
.

In
percentage
terms
COMMA
however
COMMA
the
Dow
's
dive
was
the
12th-worst
ever
and
the
sharpest
since
the
market
fell
156.83
COMMA
or
8
%	PRED
COMMA
a
week
after
Black
Monday
.

The
Dow
fell
22.6
%	PRED
on
Black
Monday
.

The
$
409
million
bid
is
estimated
by
Mr.
Simpson
as
representing
75
%	PRED
of
the
value	ARG1
of
all
Hooker
real-estate
holdings
in
the
U.S.
.

Canadian
steel-ingot
production	ARG1
totaled
291COMMA890
metric
tons
in
the
week
ended
Oct.
7
COMMA
up
14.8
%	PRED
from
the
preceding
week
's
total
of
254COMMA280
tons
COMMA
Statistics
Canada
COMMA
a
federal
agency
COMMA
said
.

The
week
's
total
was
up
6.2
%	PRED
from
274COMMA963
tons
a
year
earlier
.

The
year-to-date
total
was
12COMMA006COMMA883
tons
COMMA
up
7.8
%	PRED
from
11COMMA141COMMA711
tons
a
year
earlier
.

As
a
group
COMMA
stock
funds
held
10.2
%	PRED
of
assets	ARG1
in
cash
as
of
August
COMMA
the
latest
figures
available
from
the
Investment
Company
Institute
.

As
of
yesterday
afternoon
COMMA
the
redemptions
represented
less
than
15
%	PRED
of
the
total
cash
position
of
about
$
2
billion
of
Fidelity
's
stock
funds
.

But
she
expects
prices
to
rebound
soon
and
is
telling
investors
she
expects
the
stock
market
wo
n't
decline	SUPPORT
more
than
10
%
to
15
%
from
recent
highs
.

But
she
expects
prices
to
rebound
soon
and
is
telling
investors
she
expects
the
stock
market
wo
n't
decline	SUPPORT
more
than
10
%
to
15
%
from
recent
highs
.

But
Mr.
Baker
called
the
letter
--
and
the
company
's
offer
of
a
10
%	PRED
wage
increase	SUPPORT
over
the
life
of
the
pact
COMMA
plus
bonuses
--
``
very
weak
.
''

Under
terms
of
the
plan
COMMA
independent
generators
would
be
able
to
compete
for
15
%	PRED
of
customers
until
1994
COMMA
and
for
another
10
%
between
1994
and
1998
.

The
company
is
putting
up
only
10
%	PRED
of
the
capital	ARG1
COMMA
although
it
is
responsible
for
providing
management
COMMA
planning
and
processing
services	ARG1
to
the
joint
venture
.

The
plant
usually
accounts
for
20
%
to
25
%	PRED
of
Quantum
's
polyethylene
production
and
50
%	PRED
of
its
ethylene
production
.

The
plant
usually
accounts
for
20
%
to
25
%	PRED
of
Quantum
's
polyethylene
production
and
50
%	PRED
of
its
ethylene
production
.

The
plant
usually
accounts
for
20
%
to
25
%	PRED
of
Quantum
's
polyethylene
production
and
50
%	PRED
of
its
ethylene
production
.

Mexico
COMMA
which
was
one
of
the
first
countries
to
conclude
its
steel
talks
with
the
U.S.
COMMA
virtually
doubled
its
quota
to
0.95
%	PRED
of
the
U.S.
steel
market
from
0.48
%
under
the
previous
quotas
.

That
increase
rises
to
slightly
more
than
2
%	PRED
of
the
U.S.
market	ARG1
if
a
joint
Korean-U.S.
steel
project
is
included
.

The
EC
steel
industry
COMMA
which
has
been
coping
with
strong
European
demand
COMMA
has
been
supplying
about
5
%	PRED
of
the
U.S.
market
compared
with
recent
quotas
of
about
6.7
%
.

Japan
has
been
shipping
steel
to
total
about
4.5
%	PRED
of
the
U.S.
market
compared
with
a
quota
of
5.9
%	PRED
.

In
the
recent
talks
COMMA
the
EC	ARG1
had
its
quota
increased
about
300COMMA000
tons
COMMA
to
7
%	PRED
of
the
U.S.
market	ARG1
from
6.7
%
in
1988
.

Japan
COMMA
the
EC
COMMA
Brazil
COMMA
Mexico
and
South
Korea
provide
about
80
%	PRED
of
the
steel
imported
to
the
U.S.
under
the
quota
program
.

The
U.S.
had
about
an
extra
2
%	PRED
of
the
domestic
steel
market
to
give
to
foreign
suppliers	ARG1
in
its
quota
talks
.

That
was
essentially
made
up
of
a
1
%
increase
in
the
overall
quota
program
and
1
%	PRED
from
cutting
Japan
's
allowance	ARG1
.

Negotiators
from
the
White
House
trade
office
will
repeat
these
quota
negotiations
next
year
when
they
will
have
another
1
%	PRED
of
the
U.S.
steel
market
to
allocate
.

In
recent
years
COMMA
U.S.
steelmakers
have
supplied
about
80
%	PRED
of
the
100
million
tons
of
steel	ARG1
used
annually
by
the
nation
.

Britain
's
retail
price
index	ARG1
rose	SUPPORT
0.7
%	PRED
in
September
from
August
and
was
up
7.6
%	PRED
for
the
year
COMMA
the
Central
Statistical
Office
said
.

Britain
's
retail
price
index	ARG1
rose	SUPPORT
0.7
%	PRED
in
September
from
August
and
was
up
7.6
%	PRED
for
the
year
COMMA
the
Central
Statistical
Office
said
.

The
rights
allow
shareholders
to
purchase
Quest
stock	PRED
at
a
discount
if
any
person
or
group
acquires
more
than
15
%	PRED
of
the
company	ARG1
's
common
stock	PRED
or
announces
a
tender
offer
.

To
be
sure
COMMA
Kao
would
n't
have
an
easy
time
taking
U.S.
market
share	PRED
away
from
the
mighty
P&G
COMMA
which
has
about
23
%	PRED
of
the
market	ARG1
.

The
Cincinnati
consumer-products
giant
got
clobbered
two
years
ago
in
Japan
when
Kao
introduced
a
powerful
detergent
COMMA
called
Attack
COMMA
which
quickly
won
a
30
%	PRED
stake	SUPPORT
in
the
Japanese
markets
.

The
U.S.
share	PRED
of
the
Japanese
market
has
been
stuck	SUPPORT
around
10
%
for
years
.

Going
into
the
fourth
quarter
COMMA
natural
gas
prices
are
anywhere
from
8
%
to
17
%
lower
than
a
year
earlier
.

Going
into
the
fourth
quarter
COMMA
natural
gas
prices
are
anywhere
from
8
%
to
17
%
lower
than
a
year
earlier
.

For
instance
COMMA
natural
gas
currently
produced
along
the
Gulf
Coast
is
selling
on
the
spot
market
for
around
$
1.47
a
thousand
cubic
feet
COMMA
down
13
%	PRED
from
$
1.69
a
thousand
cubic
feet
a
year
ago
.

It
has
plunged	SUPPORT
13
%	PRED
since
July
to
around
26
cents
a
pound
.

Financial
Corp.
purchased
the
bonds
COMMA
the
suit
alleged
COMMA
after
Mr.
Boesky
and
Drexel
negotiated
an
agreement
for
Vagabond
Hotels
to
purchase
a
51
%
stake	SUPPORT
in
the
thrift	ARG1
for
about
$
34
million
.

Shortly
before
the
visit
COMMA
Mr.
Boesky
and
Drexel
representives
had
met
with
Financial
Corp.
officials
and
had
signed
a
letter
of
intent
to
acquire
the
51
%	PRED
stake	PRED
in
the
company
.

Ideal
Basic
Industries
Inc.
said
its
directors
reached
an
agreement
in
principle
calling
for
HOFI
North
America
Inc.
to
combine
its	ARG1
North
American
cement
holdings	ARG1
with
Ideal
in
a
transaction
that
will
leave
Ideal
's
minority
shareholders
with
12.8
%
of
the
combined
company
.

HOFI
COMMA
the
North
American
holding
company
of
Swiss
concern
Holderbank
Financiere
Glaris
Ltd.
COMMA
previously
proposed
combining
its
100
%	PRED
stake	PRED
in
St.
Lawrence
Cement
Inc.
and
its
60
%	PRED
stake	SUPPORT
in
Dundee
Cement
Co.
with
its
67
%
stake	SUPPORT
in
Ideal
.

HOFI
COMMA
the
North
American
holding
company
of
Swiss
concern
Holderbank
Financiere
Glaris
Ltd.
COMMA
previously
proposed
combining
its
100
%	PRED
stake	PRED
in
St.
Lawrence
Cement
Inc.
and
its
60
%	PRED
stake	SUPPORT
in
Dundee
Cement
Co.
with
its
67
%
stake	SUPPORT
in
Ideal
.

HOFI
COMMA
the
North
American
holding
company
of
Swiss
concern
Holderbank
Financiere
Glaris
Ltd.
COMMA
previously
proposed
combining
its
100
%	PRED
stake	PRED
in
St.
Lawrence
Cement
Inc.
and
its
60
%	PRED
stake	SUPPORT
in
Dundee
Cement
Co.
with
its
67
%
stake	SUPPORT
in
Ideal
.

But
HOFI
's
first
offer
would
have
given
Ideal
's
other
shareholders
about
10
%	PRED
of
the
combined
company	ARG1
.

Under
the
agreement
COMMA
HOFI
will
own
87.2
%	PRED
of
the
combined
company	ARG1
.

Ideal
's
current
operations
will
represent
about
39.2
%	PRED
of
the
combined
company	ARG1
.

For
example
COMMA
in
the
Oklahoma
panhandle
COMMA
40
%
or
more
of
the
topsoil
is
short
of
moisture
.

Bozell
Cheil
Corp.
COMMA
as
the
new
agency
will
be
called
COMMA
will
be
based
in
Seoul
and
is
70
%	PRED
owned
by
Samsung
and
30
%	PRED
owned
by
Bozell
.

Bozell
Cheil
Corp.
COMMA
as
the
new
agency
will
be
called
COMMA
will
be
based
in
Seoul
and
is
70
%	PRED
owned
by
Samsung
and
30
%	PRED
owned
by
Bozell
.

Messrs.
Malson
and
Seelenfreund
are
directors
of
McKesson
COMMA
which
has
an
86
%	PRED
stake	PRED
in
PCS
.

A
MedChem
spokesman
said
the
products
contribute
about
a
third	PRED
of
MedChem
's
sales	ARG1
and
10
%
to
20
%	PRED
of
its
earnings	ARG1
.

A
MedChem
spokesman
said
the
products
contribute
about
a
third	PRED
of
MedChem
's
sales	ARG1
and
10
%
to
20
%	PRED
of
its
earnings	ARG1
.

At
USA
Today
COMMA
ad
pages	PRED
totaled
785
for
the
quarter
COMMA
down
9.2
%
from
the
1988
period
COMMA
which
was
helped
by
increased
ad
spending
from
the
Summer
Olympics
.

While
USA
Today
's
total
paid
ad
pages	PRED
for
the
year
to
date
totaled
2COMMA735
COMMA
a
decrease
of
4
%	PRED
from
last
year
COMMA
the
paper
's
ad
revenue	ARG1
increased	SUPPORT
8
%	PRED
in
the
quarter
and
13
%
in
the
nine
months
.

While
USA
Today
's
total
paid
ad
pages	PRED
for
the
year
to
date
totaled
2COMMA735
COMMA
a
decrease
of
4
%	PRED
from
last
year
COMMA
the
paper
's
ad
revenue	ARG1
increased	SUPPORT
8
%	PRED
in
the
quarter
and
13
%
in
the
nine
months
.

In
the
nine
months
COMMA
Gannett
's
net	ARG1
rose	SUPPORT
9.5
%	PRED
to
$
270
million
COMMA
or
$
1.68
a
share
COMMA
from
$
247
million
COMMA
or
$
1.52
a
share
.

Revenue	ARG1
gained	SUPPORT
6
%	PRED
to
$
2.55
billion
from
$
2.4
billion
.

At
Dow
Jones
&
Co.
COMMA
third-quarter
net
income	ARG1
fell	SUPPORT
9.9
%	PRED
from
the
year-earlier
period
.

Ad
linage
at
the
Journal
fell	SUPPORT
6.1
%	PRED
in
the
third
quarter
.

After
a
supply
crunch
caused
prices
to
rise	SUPPORT
14
%	PRED
since
1986
to
$
650
a
metric
ton	PRED
COMMA
analysts
are
encouraged
COMMA
because
they
do
n't
expect
a
price
increase
for
the
rest
of
this
year
.

For
instance
COMMA
Gannett	ARG1
Co.
posted
an
11
%	PRED
gain
in
net
income	ARG1
COMMA
as
total
ad
pages	ARG1
dropped
at
USA
Today
COMMA
but
advertising
revenue
rose
because
of
a
higher
circulation
rate
base
and
increased
rates
.

Gannett
's
83
daily
and
35
non-daily
newspapers
reported
a
3
%	PRED
increase
in
advertising
and
circulation
revenue
.

The
company
COMMA
currently
using
about
80
%	PRED
of
its
North
American
vehicle
capacity	ARG1
COMMA
has
vowed
it
will
run
at
100
%	PRED
of
capacity
by
1992
.

The
company
COMMA
currently
using
about
80
%	PRED
of
its
North
American
vehicle
capacity	ARG1
COMMA
has
vowed
it
will
run
at
100
%	PRED
of
capacity
by
1992
.

French
state-owned
Rhone-Poulenc
S.A.
holds
51
%	PRED
of
Merieux
.

Mr.
Sweig
said
he
estimated
that
Lilly
's
earnings
for
the
quarter
jumped
about
20
%	PRED
COMMA
largely
because
of
the
performance
of
its
new
anti-depressant
Prozac
.

Several
analysts
said
they
expected
Warner-Lambert
's
profit
also
to
increase
by
more
than
20
%	PRED
from
$
87.7
million
COMMA
or
$
1.25
a
share
COMMA
it
reported
in
the
like
period
last
year
.

In
Madison
COMMA
N.J.
COMMA
a
spokesman
for
Schering-Plough
said
the
company
has
``
no
problems
''
with
the
average
estimate
by
a
analysts
that
third-quarter
earnings
per
share
rose
by
about
19
%	PRED
COMMA
to
$
1
.

The
company
expects
to
achieve
the
20
%	PRED
increase	SUPPORT
in
full-year
earnings	ARG1
per
share
COMMA
as
it
projected
in
the
spring
COMMA
the
spokesman
said
.

Meanwhile
COMMA
analysts
said
Pfizer
's
recent
string	PRED
of
lackluster
quarterly
performances
continued
COMMA
as
earnings
in
the
quarter
were
expected
to
decline
by
about
5
%	PRED
.

Analysts
said
they
expected
Upjohn
's
profit
to
be
flat
or
rise
by
only
about
2
%	PRED
to
4
%
as
compared
with
$
89.6
million
COMMA
or
49
cents
a
share
COMMA
it
earned
a
year
ago
.

Analysts
said
they
expected
Upjohn
's
profit
to
be
flat
or
rise
by
only
about
2
%	PRED
to
4
%
as
compared
with
$
89.6
million
COMMA
or
49
cents
a
share
COMMA
it
earned
a
year
ago
.

Analysts
said
profit
for
the
dozen	PRED
or
so
big
drug
makers
COMMA
as
a
group
COMMA
is
estimated
to
have
climbed
between
11
%
and
14
%
.

Analysts
said
profit
for
the
dozen	PRED
or
so
big
drug
makers
COMMA
as
a
group
COMMA
is
estimated
to
have
climbed
between
11
%
and
14
%
.

Mr.
Sweig
estimated
that
Merck
's
profit	ARG1
for
the
quarter
rose
by
about
22
%
COMMA
propelled
by
sales
of
its
line-up
of
fast-growing
prescription
drugs
COMMA
including
its
anti-cholesterol
drug
COMMA
Mevacor
;
a
high
blood
pressure
medicine
COMMA
Vasotec
;
Primaxin
COMMA
an
antibiotic
COMMA
and
Pepcid
COMMA
an
anti-ulcer
medication
.

Amid
a
crowd	PRED
of
crashing	ARG1
stocks
COMMA
Relational
Technology
Inc.
's
stock
fell
particularly
hard
Friday
COMMA
dropping
23
%	PRED
because
its
problems
were
compounded
by
disclosure
of
an
unexpected
loss
for
its
fiscal	ARG1
first
quarter	PRED
.

But
on
average
COMMA
Manhattan
retail
rents
have
dropped	SUPPORT
10
%
to
15
%
in
the
past
six
months
alone
COMMA
experts
say
.

But
on
average
COMMA
Manhattan
retail
rents
have
dropped	SUPPORT
10
%
to
15
%
in
the
past
six
months
alone
COMMA
experts
say
.

And
Time
's
paid
circulation
COMMA
according
to
Audit
Bureau
of
Circulations	ARG1
COMMA
dropped
7.3
%	PRED
to
4COMMA393COMMA237
in
the
six
months
ended
June
30
COMMA
1989
.

But
70
%	PRED
of
the
cable-television-equipped
households	ARG1
that
watch
news
do
so
between
6
:
30
p.m.
and
7
p.m.
COMMA
the
network
discovered
COMMA
so
CNN
wants
in
.

``
We
would
obviously
be
upset
if
those
kinds
of
services
evolved
into
more
general-interest
COMMA
long-format
programming
COMMA
''
says
Robert
Stengel
COMMA
senior
vice
president
COMMA
programming
COMMA
of
Continental
Cablevision
Inc.
COMMA
which
holds
a
2
%	PRED
stake
in
Turner
Broadcasting
.

After
falling
for
three
consecutive
months
COMMA
the
producer
price
index	ARG1
for
finished
goods
shot	SUPPORT
up
0.9
%	PRED
last
month
COMMA
the
Labor
Department
reported
Friday
COMMA
as
energy
prices
jumped
after
tumbling
through
the
summer
.

Moreover
COMMA
this
year
's
good
inflation
news
may
have
ended
last
month
COMMA
when
energy
prices	ARG1
zoomed
up
6.5
%	PRED
after
plunging
7.3
%	PRED
in
August
.

Moreover
COMMA
this
year
's
good
inflation
news
may
have
ended
last
month
COMMA
when
energy
prices	ARG1
zoomed
up
6.5
%	PRED
after
plunging
7.3
%	PRED
in
August
.

Passenger
car
prices	ARG1
jumped	SUPPORT
3.8
%	PRED
in
September
COMMA
after
climbing	SUPPORT
0.5
%	PRED
in
August
and
declining
in
the
late
spring
and
summer
.

Passenger
car
prices	ARG1
jumped	SUPPORT
3.8
%	PRED
in
September
COMMA
after
climbing	SUPPORT
0.5
%	PRED
in
August
and
declining
in
the
late
spring
and
summer
.

Prices	ARG1
for
capital
equipment
rose
a
hefty
1.1
%	PRED
in
September
COMMA
while
prices	ARG1
for
home
electronic
equipment
fell	SUPPORT
1.1
%	PRED
.

Prices	ARG1
for
capital
equipment
rose
a
hefty
1.1
%	PRED
in
September
COMMA
while
prices	ARG1
for
home
electronic
equipment
fell	SUPPORT
1.1
%	PRED
.

Food
prices	ARG1
declined	SUPPORT
0.6
%	PRED
COMMA
after
climbing	SUPPORT
0.3
%	PRED
in
August
.

Food
prices	ARG1
declined	SUPPORT
0.6
%	PRED
COMMA
after
climbing	SUPPORT
0.3
%	PRED
in
August
.

Meanwhile
COMMA
the
retail
sales
report
showed
that
car
sales	ARG1
rose	SUPPORT
0.8
%	PRED
in
September
to
$
32.82
billion
.

Sales	ARG1
at
general
merchandise
stores
rose	SUPPORT
1.7
%	PRED
after
declining	SUPPORT
0.6
%
in
August
COMMA
while
sales
of
building
materials
fell	SUPPORT
1.8
%	PRED
after
rising	SUPPORT
1.7
%	PRED
.

Sales	ARG1
at
general
merchandise
stores
rose	SUPPORT
1.7
%	PRED
after
declining	SUPPORT
0.6
%
in
August
COMMA
while
sales
of
building
materials
fell	SUPPORT
1.8
%	PRED
after
rising	SUPPORT
1.7
%	PRED
.

Sales	ARG1
at
general
merchandise
stores
rose	SUPPORT
1.7
%	PRED
after
declining	SUPPORT
0.6
%
in
August
COMMA
while
sales
of
building
materials
fell	SUPPORT
1.8
%	PRED
after
rising	SUPPORT
1.7
%	PRED
.

Sales	ARG1
at
general
merchandise
stores
rose	SUPPORT
1.7
%	PRED
after
declining	SUPPORT
0.6
%
in
August
COMMA
while
sales
of
building
materials
fell	SUPPORT
1.8
%	PRED
after
rising	SUPPORT
1.7
%	PRED
.

Producer
prices
for
intermediate
goods
grew	SUPPORT
0.4
%	PRED
in
September
COMMA
after
dropping
for
three
consecutive
months
.

Prices	ARG1
for
crude
goods
COMMA
an
array	PRED
of
raw
materials	ARG1
COMMA
jumped
1.1
%	PRED
after
declining	SUPPORT
1.9
%
in
August
and
edging
up
0.2
%	PRED
in
July
.

Prices	ARG1
for
crude
goods
COMMA
an
array	PRED
of
raw
materials	ARG1
COMMA
jumped
1.1
%	PRED
after
declining	SUPPORT
1.9
%
in
August
and
edging
up
0.2
%	PRED
in
July
.

Prices	ARG1
for
crude
goods
COMMA
an
array	PRED
of
raw
materials	ARG1
COMMA
jumped
1.1
%	PRED
after
declining	SUPPORT
1.9
%
in
August
and
edging
up
0.2
%	PRED
in
July
.

Further
fueling
the
belief
that
pressures
in
the
economy
were
sufficient
to
keep
the
Fed
from
easing
credit
COMMA
the
Commerce
Department
reported
Friday
that
retail
sales	ARG1
grew	SUPPORT
0.5
%	PRED
in
September
COMMA
to
$
145.21
billion
.

``
The
overall
0.9
%
increase
is
serious
in
itself
COMMA
but
what
is
even
worse
is
that
excluding
food
and
energy
COMMA
the
producer
price
index
still
increased
by	SUPPORT
0.7
%	PRED
COMMA
''
said
Gordon
Richards
COMMA
an
economist
at
the
National
Association
of
Manufacturers
.

Approximately
85
%	PRED
of
the
total
consisted
of
nonperforming
commercial
real
estate
assets
.

It
said
the
sale
would
give
it
positive
tangible
capital
of
$
82
million
COMMA
or
about
1.2
%	PRED
of
assets
COMMA
from
a
negative
$
33
million
as
of
Sept.
30
COMMA
thus
bringing
CenTrust
close
to
regulatory	ARG1
standards
.

But
perhaps
even
more
remarkable
COMMA
the
three-hour-show
COMMA
``
Wetten
Dass
''
(
Make
a
Bet
)
COMMA
regularly
wins
the
top
slot
in
the
country
's
TV
ratings
COMMA
sometimes
drawing
as
many
as
50
%
of
West
German
households	ARG1
.

The
most
militant
opposition
to
American
TV
imports
has
come
from
French
television
and
movie
producers
COMMA
who
have
demanded
quotas
ensuring
that
a
full
60
%	PRED
of
Europe
's
TV
shows
be
produced
in
Europe
.

Canada
's
current
oil
exports
to
the
U.S.
total
about
600COMMA000
barrels
a
day
COMMA
or
about
9.1
%
of
net
U.S.
crude	ARG1
imports
COMMA
said
John
Lichtblau
COMMA
president
of
the
New
York-based
Petroleum
Industry
Research
Foundation
.

Mr.
Watkins
said
volume
on
Interprovincial
's
system
is
down
about
2
%	PRED
since
January
and
is
expected
to
fall
further
COMMA
making
expansion
unnecessary
until
perhaps
the
mid-1990s
.

The
number
of
active
drilling
rigs
in
Canada
is
down
30
%	PRED
from
a
year
ago
COMMA
and
the
number	PRED
of
completed
oil	ARG1
wells
is
``
down
more
than
that
COMMA
due
to
the
increasing
focus
on
gas
exploration
COMMA
''
said
Robert
Feick
COMMA
manager
of
crude
oil
with
Calgary
's
Independent
Petroleum
Association
of
Canada
COMMA
an
industry
group
.

Interprovincial
transports
about
75
%	PRED
of
all
crude
produced
in
western
Canada
COMMA
and
almost
60
%	PRED
of
Interprovincial
's
total
volume	ARG1
consists
of
light
crude
.

Interprovincial
transports
about
75
%	PRED
of
all
crude
produced
in
western
Canada
COMMA
and
almost
60
%	PRED
of
Interprovincial
's
total
volume	ARG1
consists
of
light
crude
.

Inland
Steel
Industries
Inc.
expects
to
report
that
third-quarter
earnings	ARG1
dropped	SUPPORT
more
than
50
%	PRED
from
the
previous
quarter
as
a
result
of
reduced
sales
volume
and
increased
costs
.

Last
week
COMMA
Microsoft
said
it
expects
revenue	ARG1
for
its
first
quarter
ended
Sept.
30
to
increase	SUPPORT
34
%	PRED
.

Seven
of
nine
states
have
grown
each
year
since
1980
COMMA
including
New
York
COMMA
which
lost
4
%	PRED
of
its
population	ARG1
during
the
1970s
.

A
new
Census
Bureau
study
of
the
noninstitutionalized
population
shows
that
64
%	PRED
of
people	ARG1
aged
65
to
74
were
living
with
a
spouse
in
1988
COMMA
up
from
59
%
in
1970
.

In
1988
COMMA
10
%	PRED
of
those
aged
65
to
74
lived
with
relatives
other
than
spouses
COMMA
down
from
15
%
in
1970
.

Only
17
%	PRED
of
those
aged
75
and
older
lived
with
relatives
other
than
spouses
in
1988
COMMA
down
from
26
%
in
1970
.

Although
they
represent
only
2
%	PRED
of
the
population	ARG1
COMMA
they
control
nearly
one-third	PRED
of
discretionary
income	ARG1
.

Despite
their
considerable
incomes
and
assets
COMMA
40
%	PRED
of
the
respondents	ARG1
in
the
study
do
n't
feel
financially
secure
COMMA
and
one-fourth
do
n't
feel
that
they
have
made
it
.

The
American
Bankers
Association
says
that
women
make
up
47
%	PRED
of
officials
and
managers
in
the
top
50
banks	ARG1
COMMA
up
from
33
%
in
1978
.

The
amount
of
income
divvied
up
for
each
man
COMMA
woman
and
child
was
$
16COMMA489
in
1988
COMMA
up
6.6
%	PRED
from
$
15COMMA472
in
1987
.

Iowa
COMMA
for
instance
COMMA
saw
its
population
grow	SUPPORT
by	SUPPORT
11COMMA000
people
COMMA
or
0.4
%
COMMA
between
1987
and
1988
COMMA
the
Census
Bureau
says
.

There
are
13.1
million
students
in
college
this
fall
COMMA
up
2
%	PRED
from
1988
COMMA
the
National
Center
for
Education
Statistics
estimates
.

The
measure
repeals
a
50
%
exclusion
given
to
banks
on
the
interest
from
loans
used
to
acquire
securities
for
an
ESOP
COMMA
if
the
ESOP
owns
less
than
30
%	PRED
of
the
employer	ARG1
's
stock
.

``
Those
corrections
lasted
one
to
four
weeks
and
took
the
market
10%-12
%
down
COMMA
''
she
says
.

``
The
market
was
up
35
%	PRED
since
{
President
}
Bush
took
office
COMMA
''
Mr.
Gabelli
says
COMMA
so
a
correction
was
to
be
expected
.

Nonetheless
COMMA
the
Nasdaq
Composite
Index
suffered
its
biggest
point
decline	PRED
of
the
year
and
its
sixth
worst
ever
COMMA
diving	SUPPORT
14.90
COMMA
or
3
%	PRED
COMMA
to
467.29
.

The
Nasdaq
100
Index	ARG1
of
the
largest
nonfinancial
issues
COMMA
including
the
big
OTC
technology
issues
COMMA
tumbled	SUPPORT
4.2
%	PRED
COMMA
or
19.76
COMMA
to
449.33
.

The
Nasdaq
Financial
Index
of
giant
insurance
and
banking
stocks	ARG1
dropped
2
%	PRED
COMMA
or
9.31
COMMA
to
462.98
.

McCaw
lost	SUPPORT
8
%
COMMA
or
3
1/2
COMMA
to
40
.

LIN
Broadcasting
COMMA
dropped
5
1/2
COMMA
or
5
%	PRED
COMMA
to
107
1/2
.

By
comparison
COMMA
the
New
York
Stock
Exchange
Composite	ARG1
tumbled
5.8
%	PRED
Friday
and
the
American
Stock
Exchange
Composite	ARG1
fell
4
%	PRED
.

By
comparison
COMMA
the
New
York
Stock
Exchange
Composite	ARG1
tumbled
5.8
%	PRED
Friday
and
the
American
Stock
Exchange
Composite	ARG1
fell
4
%	PRED
.

On
Oct.
16
COMMA
1987
COMMA
the
Nasdaq
Composite	ARG1
fell
16.18
points
COMMA
or
3.8
%	PRED
COMMA
followed
by
its
devastating
46.12-point
COMMA
or
11
%
slide
COMMA
three
days
later
.

On
Oct.
16
COMMA
1987
COMMA
the
Nasdaq
Composite	ARG1
fell
16.18
points
COMMA
or
3.8
%	PRED
COMMA
followed
by
its
devastating
46.12-point
COMMA
or
11
%
slide
COMMA
three
days
later
.

Stocks	ARG1
COMMA
as
measured
by
the
Standard
&
Poor
's
500-stock
index
COMMA
have
been
stellar
performers
this
year
COMMA
rising
27.97
%
before
Friday
's
plunge
COMMA
excluding
dividends
.

Neil
Weisman
COMMA
whose
New
York-based
Chilmark
Capital
Partners
had
converted
85
%	PRED
of
its
$
220
million
investment
pool
to
cash
in
recent
months
COMMA
said
he
was
besieged
by
Wall
Street
firms
Friday
asking
him
to
take
stock
off
their
hands
.

The
nation
's
largest
short-selling
operation
is
Feshbach
Brothers
COMMA
Palo
Alto
COMMA
Calif.
COMMA
which
said
last
May
that
its
short
positions	PRED
had
shown
losses
of
10
%
for
the
year
up
to
that
point
.

Speaking
through
its
Dutch
lawyers
COMMA
ASKO
also
disclosed
it
holds	SUPPORT
a
15
%	PRED
stake	SUPPORT
in
Ahold
.

Consider
the
growth
of
portables
COMMA
which
now
comprise
12
%	PRED
of
all
personal
computer
sales
.

Compaq
's
announcement
also
spells
trouble
for
Zenith
COMMA
which
last
year
had
28
%
of
the
U.S.
laptop
market
but
recently
agreed
to
sell
its
computer
business
to
Cie.
des
Machines
Bull
COMMA
the
French
government-owned
computer
maker
.

Sharp
increases
in
the
price
of
fresh
produce
caused
Spain
's
September
consumer
price
index	ARG1
to
shoot
up
1.1
%	PRED
from
the
previous
month
COMMA
pushing
the
annual
rate
of
inflation
to
6.8
%	PRED
COMMA
the
National
Institute
of
Statistics
said
Friday
.

Prices	ARG1
have
risen	SUPPORT
5.9
%	PRED
in
the
first
nine
months
of
the
year
COMMA
outstripping
both
the
initial
3
%
inflation
goal
set
by
the
government
of
Socialist
Prime
Minister
Felipe
Gonzalez
and
the
second
COMMA
revised
goal
of
5.8
%
.

Japan
's
wholesale
prices	ARG1
in
September
rose	SUPPORT
3.3
%	PRED
from
a
year
earlier
and
were
up
0.4
%	PRED
from
the
previous
month
COMMA
the
Bank
of
Japan
announced
Friday
.

Japan
's
wholesale
prices	ARG1
in
September
rose	SUPPORT
3.3
%	PRED
from
a
year
earlier
and
were
up
0.4
%	PRED
from
the
previous
month
COMMA
the
Bank
of
Japan
announced
Friday
.

Ford
Motor
Co.
said
it
acquired
5
%	PRED
of
the
shares	ARG1
in
Jaguar
PLC
.

The
U.S.
Federal
Trade
Commission
advised
Ford
last
week
that
it
would
n't
raise
any
objection
to
the
acquisition
of
as
much
as
15
%	PRED
of
Jaguar	ARG1
shares	PRED
.

Typically
COMMA
a
margin
call
occurs
when
the
price
of
a
stock
falls
below
75
%	PRED
of
its
original
value	ARG1
.

``
I
'd
be
disappointed
if
the
company
grew
by
less
than
20
%
next
year
COMMA
''
said
John
Levinson
COMMA
an
analyst
at
Goldman
COMMA
Sachs
&
Co
.

The
consensus
among
economists
is
that
it
grew
a
much
more
sluggish
2.3
%
in
the
third
quarter
of
1989
COMMA
which
ended
two
weeks
ago
.

Freddie
Mac
said
the
principal-only
securities
were
priced
at
58
1/4
to
yield
8.45
%
COMMA
assuming
an
average
life
of
eight
years
and
a
prepayment
of
160
%	PRED
of
the
PSA
model
.

Meanwhile
COMMA
the
U.S.
has
negotiated
a
significant
cut
in
Japan
's
steel
quota
COMMA
and
made
only
a
minor
increase
to
the
steel
allotment
for
the
European
Community
.

Unseasonably
hot
COMMA
dry
weather
across
large
portions	PRED
of
the
Great
Plains
and
in
wheat-growing
areas
in
Washington
and
Oregon
is
threatening
to
reduce
the
yield
from
this
season
's
winter
wheat	ARG1
crop	PRED
COMMA
said
Conrad
Leslie
COMMA
a
futures
analyst
and
head
of
Leslie
Analytical
in
Chicago
.

And
if
rain
does
n't
fall
soon
across
many
of
the
Great
Plains
'
wheat-growing
areas
COMMA
yields
in
the
crop
now
being
planted
could
be
reduced
COMMA
further
squeezing
supplies
.

Washington
Post
Co.
is
expected
to
report
improved
earnings
COMMA
largely
because
of
increased
cable
revenue
and
publishing
revenue
helped
by
an
improved
retail
market
in
the
Washington
area
.

The
21-square-mile
area
is
contaminated
with
lead
COMMA
zinc
and
other
metals
.

Prices	ARG1
for
crude
goods
COMMA
an
array	PRED
of
raw
materials	ARG1
COMMA
jumped
1.1
%	PRED
after
declining	SUPPORT
1.9
%
in
August
and
edging
up
0.2
%	PRED
in
July
.

A
group	PRED
of
Arby
's
franchisees
said
they
formed	SUPPORT
an
association	PRED
to
oppose
Miami
Beach
financier
Victor
Posner
's
control	PRED
of
the
restaurant	ARG1
chain	PRED
.

In
the
past
COMMA
the
OTC
market
thrived
on
a
firm
base
of
small-investor
participation
.

More
troubling
is
the
prospect
that
the
overall
collapse
in
stock
prices
could
permanently
erode
the
base
of
small-investor
support
the
OTC
market
was
struggling
to
rebuild
in
the
wake
of
the
October
1987
crash
.

(
In
a
stock-index
arbitrage
sell
program
COMMA
traders
buy
or
sell
big
baskets	PRED
of
stocks	ARG1
and
offset
the
trade
in
futures
to
lock
in
a
price
difference
.
)

The
executives
were
remarkably
unperturbed
by
the
plunge
even
though
it
lopped
billions	PRED
of
dollars
off
the
value
of
their
companies
--
and
millions
off
their
personal
fortunes
.

The
Bush
administration
COMMA
trying
to
blunt
growing
demands
from
Western
Europe
for
a
relaxation
of
controls
on
exports	ARG1
to
the
Soviet	ARG1
bloc	PRED
COMMA
is
questioning
whether
Italy
's
Ing
.
C.
Olivetti
&
Co.
supplied
militarily
valuable
technology
to
the
Soviets
.

Big
investment
banks
refused
to
step
up
to
the
plate
to
support
the
beleaguered
floor
traders
by
buying
big
blocks	PRED
of
stock	ARG1
COMMA
traders
say
.

But
specialists
complain
privately
that
just
as
in
the
1987
crash
COMMA
the
``
upstairs
''
firms
--
big
investment
banks
that
support
the
market
by
trading
big
blocks	PRED
of
stock	ARG1
--
stayed
on
the
sidelines
during
Friday
's
blood-letting
.

Meanwhile
COMMA
the
price
of
ethylene
COMMA
the
chemical
building
block	PRED
of
polyethylene
COMMA
has
n't
dropped
nearly
so
fast
.

But
grateful
traders
said
the
sell
orders
generally
ranged
from
20COMMA000
shares	PRED
to
50COMMA000
shares
COMMA
compared
with
blocks
of
500COMMA000	ARG1
shares
or
more
two
years
ago
.

That
speculation
abounded
Friday
as
industry
executives
analyzed
the
appointment
of
the
new
chief
executive
COMMA
Robert
Louis-Dreyfus
COMMA
who
joins
Saatchi
and
becomes
a
member	PRED
of
its	ARG1
board
on
Jan.
1
.

The
executive
said
any
buy-out
would
be
led
by
the
current
board
COMMA
whose
chairman
is
Maurice
Saatchi
and
whose
strategic
guiding
force
is
believed
to
be
Charles
Saatchi
.

Rep.
Panetta
said
that
OMB
's
figure
would
still
be
enough
to
avoid
permanent
across-the-board
cuts
COMMA
but
added
:
``
We
're
getting
very
close
to
the
margins
here
.
''

The
problem
COMMA
which
the
Journal
so
rightly
pointed
out
in
a
number	PRED
of
articles	ARG1
COMMA
is
not
the
likes
of
Mr.
Lantos
COMMA
who
after
all
is
really
a
bit
player
on
the
stage
COMMA
but
the
attempt
by
Congress
to
enhance
itself
into
a
quasi-parliamentary/judicial
body	PRED
.

``
Now
we
're
at
the
bottom	PRED
of
the
heap	ARG1
.
''

Ever-more
powerful
desk-top
computers
COMMA
designed
with
one
or
more
microprocessors
as
their
``
brains
COMMA
''
are
expected
to
increasingly
take
on
functions
carried
out
by
more
expensive
minicomputers
and
mainframes
.

Mr.
Paul
said
the
regulators
should
instead
move
ahead
with
approving
CenTrust
's
request
to
sell
63
of
its	ARG1
71
branches	PRED
to
Great
Western
Bank
COMMA
a
unit	PRED
of
Great
Western
Financial	ARG1
Corp.
based
in
Beverly
Hills
COMMA
Calif
.

These
``
clean-bank
''
transactions
leave
the
bulk	PRED
of
bad
assets	ARG1
COMMA
mostly
real
estate
COMMA
with
the
government
COMMA
to
be
sold
later
.

By
any
``
reasonable
man
''
criterion
COMMA
Mr.
Lantos
and
his
colleagues	ARG1
have
a
whole
bunch	PRED
of
people
tried
and
convicted
.

It
focused
on
building
up
its
news
bureaus	PRED
around
the
world
COMMA
so
as
events
took
place
it
could
go
live
quicker
and
longer
than
other
networks
.

In
July
COMMA
the
CBOT
ordered
Ferruzzi
Finanziaria
S.p
.
A.
to
liquidate
futures
positions
equal
to
about
23
million
bushels	PRED
of
soybeans	ARG1
.

By
next
May
31
COMMA
stocks
of
U.S.
wheat	ARG1
to
be
carried
over
into
the
next
season
--
before
the
winter
wheat
now
being
planted
is
harvested
--
are
projected
to
drop
to
443
million
bushels
.

That
's
why
it
's
dangerous
to
have
well-intentioned
thought
police
COMMA
on
college
campuses	PRED
and
elsewhere
COMMA
taboo
all
critical
mention
of
group
differences
.

It
would
open
a
can
of
worms
.
''

Addison
is
no
stranger
to
cans
of
worms	ARG1
COMMA
either
.

Not
included
in
the
bid
are
Bonwit
Teller
or
B.
Altman
&
Co.
COMMA
L.J.
Hooker
's
department-store	ARG1
chains	PRED
.

Mr.
Herscu
proceeded
to
launch
an
ambitious
COMMA
but
ill-fated
COMMA
$
1
billion
acquisition
binge
that
included
Bonwit
Teller
and
B.
Altman
&
Co.
COMMA
as
well
as
majority
positions	PRED
in
Merksamer
Jewelers
COMMA
a
Sacramento
chain
;
Sakowitz
Inc.
COMMA
the
Houston-based
retailer
COMMA
and
Parisian
Inc.
COMMA
the
Southeast
department-store	ARG1
chain	PRED
.

Mr.
Herscu
proceeded
to
launch
an
ambitious
COMMA
but
ill-fated
COMMA
$
1
billion
acquisition
binge
that
included
Bonwit
Teller
and
B.
Altman
&
Co.
COMMA
as
well
as
majority
positions	PRED
in
Merksamer
Jewelers
COMMA
a
Sacramento
chain
;
Sakowitz
Inc.
COMMA
the
Houston-based
retailer
COMMA
and
Parisian
Inc.
COMMA
the
Southeast
department-store	ARG1
chain	PRED
.

In
addition
COMMA
Robert
Sakowitz
COMMA
chief
executive
of
the
Sakowitz	ARG1
chain
COMMA
is
seeking
funds
to
buy
out
the
Hooker
interest
in
his
company	ARG1
.

Kenneth
Mitchell
COMMA
director
of
Dow
's
polyethylene
business
COMMA
says
producers
were
surprised
to
learn
how
much
inventories
had
swelled
throughout
the
distribution	ARG1
chain
as
prices
spiraled
up
.

In
New
York
COMMA
the
Bonwit
Teller
and
B.
Altman
&
Co.
department
stores
have
filed
for
protection
from
creditors
under
Chapter	PRED
11
of
the
federal
Bankruptcy
Code	ARG1
COMMA
while
the
R.H.
Macy
&
Co.
COMMA
Bloomingdale
's
and	PRED
Saks
Fifth
Avenue
department-store	ARG1
chains
are
for
sale
.

All
bets
are
off
COMMA
analysts
say
COMMA
because
of
the
shifting
ownership	PRED
of
the
retail	ARG1
chains	PRED
.

A
group	PRED
of
Arby
's
franchisees
said
they
formed	SUPPORT
an
association	PRED
to
oppose
Miami
Beach
financier
Victor
Posner
's
control	PRED
of
the
restaurant	ARG1
chain	PRED
.

New
York
retail
rents
still
run
well
above
the
going
rate
in
other
U.S.
cities
.

Nearly
all
of
the
crude
oil
that
Canada
exports
to
the
U.S.
is
transported
on
Interprovincial
's
system
COMMA
whose
main
line
runs
from
Edmonton
to
major
U.S.
and
Canadian
cities
in
the
Great
Lakes
region
COMMA
including
Chicago
COMMA
Buffalo
COMMA
Toronto
and
Montreal
.

Some
500
investors
representing
investor	ARG1
clubs	PRED
from
around
the
U.S.
were
attending
when
the
market
started
to
slide
Friday
.

But
Robert
Showalter
COMMA
an
official
of
the
association
COMMA
said
no
special
bulletins
or
emergency
meetings	PRED
of
the
investors
'
clubs	PRED
are
planned
.

Hurricane
Jerry
threatened
to
combine
with
the
highest
tides
of
the
year
to
swamp
the
Texas-Louisiana
coast
.

Sanford
Sigoloff
COMMA
chief
executive
of
L.J.
Hooker
COMMA
said
yesterday
in
a
statement
that
he
has
not
yet
seen
the
bid
but
that
he
would
review
it
and
bring
it
to
the
attention
of
the
creditors	ARG1
committee	PRED
.

3
.
That
his
``
committee	PRED
does
not
deal
with
any
possible
criminal
activity	PRED
at
HUD
.

The
investment	ARG1
community
COMMA
for
one
COMMA
has
been
anticipating
a
speedy
resolution
.

Although
the
legality
of
these
sales
is
still
an
open
question
COMMA
the
disclosure
could
n't
be
better
timed
to
support
the
position
of
export-control
hawks
in
the
Pentagon
and
the
intelligence	ARG1
community	PRED
.

The
trend
toward
lower
rents
may
seem
surprising
given
that
some
communities
in
New
York
are
bemoaning
the
loss
of
favorite
local
businesses
to
high
rents
.

NCNB
COMMA
for
example
COMMA
has
been
one
of
the
highest
rate
payers
in
the
Texas
market
COMMA
and
in
Florida
COMMA
rates
are
especially
sensitive
in
retirement
communities
.

``
This
is
the
latest
manifestation
of
the
capacity
of
the
financial	ARG1
community	PRED
for
recurrent
insanity
COMMA
''
says
Mr.
Galbraith
COMMA
an
economist
.

``
It
takes
more
error
now
to
have
a
major
depression
than
back
in
the
Thirties
--
much
as
the
financial
community	PRED
and
the
government
may
try
.
''

The
exchange
said
it
feared
that
some
members
would
n't
be
able
to
find
enough
soybeans
to
deliver
and
would
have
to
default
on
their
contractual
obligation
to
the
Italian
conglomerate	PRED
COMMA
which
had
refused
requests
to
reduce
its
holdings
.

A
consortium	PRED
of
private
investors
operating
as
LJH
Funding
Co.
said
it
has
made
a
$
409
million
cash
bid
for
most
of
L.J.
Hooker
Corp.
's
real-estate
and
shopping-center
holdings
.

The
consortium
was
put
together
by
Hoare
Govett
COMMA
the
London-based
investment
banking
company
that
is
a
subsidiary
of
Security
Pacific	ARG1
Corp
.

The
sellers
on
Friday
came
from
all
corners
of
the
OTC
market
--
big
and
small
institutional
investors
COMMA
as
well
as
individual
investors
and
market
makers
.

But
a
majority	PRED
of
the
Addison	ARG1
council	PRED
did
n't
buy
those
arguments
.

Now
kindred
spirits
on
Addison
's
town
council
have
barred
the
town
's
fanciest
hotel	ARG1
COMMA
the
Grand
Kempinski
COMMA
from
installing
three
free
pool
tables
in
its
new
lounge
.

Another
COMMA
``
Jeux
Sans
Frontieres
COMMA
''
where
villagers
from
assorted
European
countries
make
fools	ARG1
of
themselves
performing
pointless
tasks
COMMA
is
a
hit
in
France
.

``
The
Miami
market
is
coming
back
strong
after
a
tough
couple	PRED
of
years	ARG1
''
when
Knight-Ridder
``
was
starting
up
a
Hispanic
edition
and
circulation
was
falling
COMMA
''
said
Bruce
Thorp
COMMA
an
analyst
for
Provident
National
Bank
.

Unseasonably
hot
COMMA
dry
weather
across
large
portions	PRED
of
the
Great
Plains
and
in
wheat-growing
areas
in
Washington
and
Oregon
is
threatening
to
reduce
the
yield
from
this
season
's
winter
wheat	ARG1
crop	PRED
COMMA
said
Conrad
Leslie
COMMA
a
futures
analyst
and
head
of
Leslie
Analytical
in
Chicago
.

Late
Thursday
COMMA
after
the
close
of
trading
COMMA
the
market
received
what
would
normally
have
been
a
bullish
U.S.
Department
of
Agriculture
estimate
of
the
1989-90
Florida
orange
crop
.

Brazilian
juice
COMMA
after
a
delay
caused
by
drought
at
the
start
of
its
crop
season
COMMA
is
beginning
to
arrive
in
the
U.S.
in
large
quantities
.

The
cream
of
the
British
crop
COMMA
the
literary
dramas
that
are
shown
on
U.S.
public
television
as
``
Masterpiece
Theater
COMMA
''
make
up
a
relatively
small
part	PRED
of
British
air
time
.

Amid
a
crowd	PRED
of
crashing	ARG1
stocks
COMMA
Relational
Technology
Inc.
's
stock
fell
particularly
hard
Friday
COMMA
dropping
23
%	PRED
because
its
problems
were
compounded
by
disclosure
of
an
unexpected
loss
for
its
fiscal	ARG1
first
quarter	PRED
.

With
superconcentrates
COMMA
however
COMMA
it
is
n't
always
easy
to
persuade
consumers
that
less
is
more
;
many
people
tend
to
dump
too
much
detergent
into
the
washing
machine
COMMA
believing
that
it
takes
a
cup
of
powder	ARG1
to
really
clean
the
laundry
.

Against
that
backdrop
COMMA
UAW
Vice
President
Stephen
P.
Yokich
COMMA
who
recently
became
head
of
the
union
's
GM
department
COMMA
issued
a
statement
Friday
blasting
GM
's
``
flagrant
insensitivity
''
toward
union
members
.

A
glance
through
the
television
listings
and
a
few
twists
of
the
European
television
dial
suggest
one
reason
why
.

RJR
Nabisco	ARG1
Inc.
is
disbanding
its
division
responsible
for
buying
network
advertising
time
COMMA
just
a
month
after
moving
11
of
the
group
's
14
employees
to
New
York
from
Atlanta
.

It
is
bigger
COMMA
faster
and
more
profitable
than
the
news
divisions	PRED
of
any
of
the
three
major
broadcast	ARG1
networks	PRED
.

British
Aerospace
PLC
and
France
's
Thomson-CSF
S.A.
said
they
are
nearing
an
agreement
to
merge
their
guided-missile
divisions	PRED
COMMA
greatly
expanding
collaboration
between
the
two
defense
contractors
.

He
has
been
president
and
chief
executive
officer
of
Amperex
Electronics
Corp.
COMMA
a
division	PRED
of
North
American
Philips
Corp.
COMMA
itself
a
subsidiary	PRED
of
N.V
.
Philips
of
the
Netherlands
.

But
the
commodity-chemical
producers
are
caught
on
the
downside
of
a
pricing
cycle
.

Lawyers
for
dozens	ARG1
of
insolvent
savings
and
loan
associations	PRED
are
trying
a
new
tack
in
their
efforts
to
defuse
suits
filed
by
borrowers
COMMA
developers
and
creditors
.

And
even
if
a
nurse
would
wear
flowers
in
her
hair
while
on
duty
COMMA
if
she
were
engaged
she
would
know
to
wear
them
behind
her
left
COMMA
not
right
COMMA
ear
.

Crude
oil
production
may
turn
out
to
be
the
most
surprising
element	PRED
of
companies	ARG1
'
earnings
this
year
.

China
's
Communist
leadership
voted
to
purge
the
party
of
``
hostile
and
anti-party
elements	PRED
''
and
wealthy
private
businessmen
COMMA
whom
they
called
exploiters
.

Avco
Corp.
received
an
$
11.8
million
Army
contract
for
helicopter	ARG1
engines
.

The
book
loses
some
momentum
toward
the
end
COMMA
when
Lily
becomes
more
preoccupied
with
dating
boys
and
less
with
her
delightfully
weird
family	PRED
.

Two-thirds
of
respondents	ARG1
said
they
strongly
felt
the
need
to
be
successful
in
their
jobs
COMMA
while
fewer
than
half
said
they
strongly
felt
the
need
to
spend
more
time
with
their
families
.

Earlier
the
company
announced
it
would
sell
its
aging
fleet	PRED
of
Boeing
Co.
707s
because
of
increasing
maintenance
costs	ARG1
.

On
the
exchange
floor
COMMA
``
as
soon
as
UAL
stopped
trading
COMMA
we
braced
for
a
panic
COMMA
''
said
one
top
floor
trader
.

He
camped
out
at
a
high-tech
nerve
center
on
the
floor	PRED
of
the
Big
Board
COMMA
where
he
could
watch
updates
on
prices	ARG1
and
pending
stock
orders
.

Once
again
{
the
specialists
}
were
not
able
to
handle
the
imbalances
on
the
floor	PRED
of
the
New
York
Stock
Exchange
COMMA
''
said
Christopher
Pedersen
COMMA
senior
vice
president
at
Twenty-First
Securities
Corp
.

The
well
flowed
at
a
rate
of
2.016
million
cubic
feet	PRED
of
gas
a
day
through
a
16
64-inch
opening
at
depths
between
5COMMA782
and
5COMMA824
feet
.

The
executive
said
any
buy-out
would
be
led
by
the
current
board
COMMA
whose
chairman
is
Maurice
Saatchi
and
whose
strategic
guiding
force
is
believed
to
be
Charles
Saatchi
.

GM
officials
want
to
get
their
strategy
to
reduce
capacity
and
the
work
force	PRED
in
place
before
those
talks
begin
.

For
the
first
time
COMMA
the
83-year-old
justice
finds
his
influence
almost
exclusively
in
dissent
COMMA
rather
than
as
a
force
in
the
high
court
's
majority
.

The
network
's
salaries	ARG1
have
always
ranged
far
below
industry
standards
COMMA
resulting
in
a
less-experienced
work
force	PRED
.

Roh
COMMA
who
is
facing
calls
for
the
reduction
of
U.S.
military	ARG1
forces	PRED
in
South
Korea
COMMA
is
to
meet
with
Bush
tomorrow
and
is
to
address
a
joint
session
of
Congress
on
Wednesday
.

Lebanese
Christian
lawmakers
presented
to
Arab
mediators
at
talks	ARG1
in
Saudi
Arabia
proposals
for
a
new
timetable
for
the
withdrawal
of
Syria	ARG1
's
forces	PRED
from
Lebanon
.

The
venture
would
strengthen
the
rapidly
growing
ties	PRED
between
the
two
companies
COMMA
and
help
make
them
a
leading
force	PRED
in
European
defense
contracting
.

Shares
of
UAL	ARG1
COMMA
the
parent
of
United
Airlines
COMMA
were
extremely
active
all
day
Friday
COMMA
reacting
to
news
and
rumors
about
the
proposed
$
6.79
billion
buy-out
of
the
airline
by
an
employee-management
group	PRED
.

And
10
minutes
after
the
UAL
trading
halt
came
news
that
the
UAL	ARG1
group	PRED
could
n't
get
financing
for
its
bid
.

The
group
is
led
by
Jay
Shidler
COMMA
chief
executive
officer
of
Shidler
Investment
Corp.
in
Honolulu
COMMA
and
A.
Boyd
Simpson
COMMA
chief
executive
of
the
Atlanta-based
Simpson
Organization
Inc
.

Major
mutual-fund
groups
said
phone
calls
were
arriving
at
twice
the
normal
weekend
pace
yesterday
.

Still
COMMA
fund	ARG1
groups	PRED
are
n't
taking
any
chances
.

The
broadcast	ARG1
group	PRED
had
been
based
in
New
York
until
a
year
ago
COMMA
when
RJR
's
previous
management
moved
it
to
Atlanta
COMMA
the
company	ARG1
's
headquarters
before
this
summer
.

But
his
level
of
frustration
showed
in
a
recent
COMMA
impassioned
speech
to
a
group	PRED
of
hundreds
of
lawyers	ARG1
in
Chicago
.

Its
watchers
are
COMMA
on
the
whole
COMMA
a
disloyal
group	PRED
of
channel-zapping
``
grazers
''
and
news
junkies
COMMA
who
spend
an
average
of
just
26
minutes
a
day
watching
CNN
COMMA
according
to
audience
research
.

A
group	PRED
of
Arby
's
franchisees
said
they
formed	SUPPORT
an
association	PRED
to
oppose
Miami
Beach
financier
Victor
Posner
's
control	PRED
of
the
restaurant	ARG1
chain	PRED
.

The
number
of
active
drilling
rigs
in
Canada
is
down
30
%	PRED
from
a
year
ago
COMMA
and
the
number	PRED
of
completed
oil	ARG1
wells
is
``
down
more
than
that
COMMA
due
to
the
increasing
focus
on
gas
exploration
COMMA
''
said
Robert
Feick
COMMA
manager
of
crude
oil
with
Calgary
's
Independent
Petroleum
Association
of
Canada
COMMA
an
industry
group
.

The
goal
was
to
learn
about
one
of
today
's
fastest-growing
income	ARG1
groups
COMMA
the
upper-middle
class
.

$
144.5
million
of
Kaiser
Permanente
revenue	ARG1
bonds
COMMA
via
a
PaineWebber
group	PRED
.

$
55
million
of
Series
C
bonds
COMMA
via
a
Prudential-Bache
group	PRED
.

$
143
million
of
parkway
revenue
bonds
COMMA
Series
1989
COMMA
via
a
PaineWebber
group	PRED
.

Both
palmtops
are
dismissed
by
notebook
makers
COMMA
who
argue
that
they
're
too
small
--
a
problem
Poquet
also
encountered
in
focus	ARG1
groups
COMMA
admits
Gerry
Purdy
COMMA
director
of
marketing
.

``
Half
of
them
are
really
scared
and
want
to
sell
COMMA
''
she
said
COMMA
``
but
I
'm
trying
to
talk
them
out
of
it
.
''

That
discrepancy
hurts
Quantum
badly
COMMA
because
its
own
plants
cover
only
about
half	PRED
of
its	ARG1
ethylene
needs	ARG1
.

But
the
full
effect
on
prices
of
the
winter
wheat
now
being
planted
wo
n't
be
felt
until
the
second
half	PRED
of
next
year
.

Canadian
crude
production	ARG1
averaged
about
1.69
million
barrels
a
day
during
1989
's
first
half
COMMA
about
1
%
below
the
1988
level
.

To
illustrate
COMMA
Mr.
Rogers
said
that
of
the
14
computer-related
firms	ARG1
he
follows
COMMA
half
will
report
for
their
most
recent
quarter
earnings
below
last
year
's
results
COMMA
and
half
above
those
results
.

Searle
continued
to
operate
in
the
red
through
the
first
half	PRED
of
the
year
COMMA
but
Monsanto
has
said
it
expects
Searle
to
post
a
profit
for
all
of
1989
.

Individuals
can
always
have
their
hands
slapped
.

The
Hong
Kong
Telecommunications
warrants
should
be
attractive
to
buyers
in
Europe
COMMA
the
bankers
added
COMMA
because
the
group
is
one
of
a
handful	PRED
of
blue-chip	ARG1
stocks	ARG1
on
the
Hong
Kong
market
that
has
international
appeal
.

A
handful	PRED
of
hot
retail
locations
COMMA
such
as
the
57th
Street
and
Madison
and
Fifth
Avenue
areas
COMMA
have
been
able
to
sustain
what
many
see
as
astronomical
rents
.

The
OTC
market
has
only
a
handful	PRED
of
takeover-related
stocks	ARG1
.

Several
traders
could
be
seen
shaking
their	ARG1
heads	PRED
when
the
news
flashed
.

Lily
's
grandmother
COMMA
no
cookie
baker
COMMA
excised
the
heads	PRED
of
disliked
relatives
from
the
family
album
COMMA
and
lugged
around
her
perennial
work-in-progress
COMMA
``
Philosophy
for
Women
.
''

James
Robinson
COMMA
57
years
old
COMMA
was
elected
president
and
chief
executive
officer
of
this
maker
of
magnetic
recording
heads
for
disk
drives
.

The
balance
is
supplied
by
a
host	PRED
of
smaller
exporters	ARG1
COMMA
such
as
Australia
and
Venezuela
.

But
his
level
of
frustration
showed
in
a
recent
COMMA
impassioned
speech
to
a
group	PRED
of
hundreds
of
lawyers	ARG1
in
Chicago
.

Late
Friday
night
COMMA
the
Senate
voted
87
-
7
to
approve
an
estimated
$
13.5
billion
measure
that
had
been
stripped
of
hundreds
of
provisions	ARG1
that
would
have
widened
COMMA
rather
than
narrowed
COMMA
the
federal
budget
deficit
.

The
government
sold
the
deposits
of
four
savings-and-loan	ARG1
institutions	PRED
COMMA
in
its
first
wave	PRED
of
sales	ARG1
of
big
COMMA
sick
thrifts	ARG1
COMMA
but
low
bids
prevented
the
sale
of
a
fifth
.

Mr.
Atherton
said
CityFed
will
also
mark
its
portfolio
of
high-yield
corporate
bonds
to
market
as
a
result
of
federal
legislation
requiring
that
savings
institutions
divest
themselves
of
such
bonds
.

The
charge
on
loans
to
depository	ARG1
institutions	PRED
by
the
New
York
Federal
Reserve
Bank
.

The
collateral
is
being
sold
by
a
thrift	ARG1
institution	PRED
.

Since
then
COMMA
Hooker
Corp.
has
sold
its
interest	PRED
in
the
Parisian
chain
back
to
Parisian
's
management
and
is
currently
attempting
to
sell
the
B.
Altman
&
Co.
chain	PRED
.

In
addition
COMMA
Robert
Sakowitz
COMMA
chief
executive
of
the
Sakowitz	ARG1
chain
COMMA
is
seeking
funds
to
buy
out
the
Hooker
interest
in
his
company	ARG1
.

Diamond
Shamrock
is
the
operator
COMMA
with
a
100
%
interest
in
the
well
.

But
its
competitors
--
including
Dow
Chemical
Co.
COMMA
Union
Carbide
Corp.
and
several
oil
giants
--
have
much
broader
business
interests	PRED
and
so
are
better
cushioned
against
price
swings
.

Bozell
joins
Backer
Spielvogel
Bates
and
Ogilvy
Group	ARG1
as
U.S.
agencies
with
interests
in
Korean
agencies	ARG1
.

GM
said
it
still
is
talking
with
Jaguar
about
acquiring
a
minority
interest	PRED
.

The
University
is
seeking
to
block
the
acquisition
of
Connaught
by
foreign
interests	PRED
COMMA
citing
concerns
about
the
amount
of
research
that
would
be
done
in
Canada
.

But
those
machines
are
still
considered
novelties
COMMA
with
keyboards
only
a
munchkin
could
love
and
screens
to
match
.

But
I
am
suggesting
that
they
stop
requiring
Mr.
Mason
to
interrupt
his
classic
shtik
with
some
line
about
``
caring
for
other
people
''
that
would
sound
shmaltzy
on
the
lips
of
Miss
America
.

He
sandwiched
his
praise
of
constitutional
meat
between
large
loaves	PRED
of
bilious
commentary
.

The
company
will
also
be
producing
a
new
line
of
convenience
telephones
COMMA
which
do
n't
accept
coins
COMMA
for
use
in
hotel
lobbies
COMMA
office
lobbies
COMMA
hospitality
lounges
and
similar
settings
.

The
company
will
also
be
producing
a
new
line
of
convenience
telephones
COMMA
which
do
n't
accept
coins
COMMA
for
use
in
hotel
lobbies
COMMA
office
lobbies
COMMA
hospitality
lounges
and
similar
settings
.

In
the
Babylonian
Bronx
COMMA
Jewish
working-class
people
lived
in
drab
COMMA
Soviet-style
buildings
``
glamorized
''
with
names
like
AnaMor
Towers
(
after
owners
Anna
and
Morris
Snezak
)
COMMA
whose
lobbies
and
hallways
were
decorated
with
murals
of
ancient
Syrians
and
Greeks
COMMA
friezes
of
Pompeii
.

And
I
think
a
lot	PRED
of
people	ARG1
will
harp
on
program
trading
.

``
Two
years
ago
there
were
massive
redemption
levels
over
the
weekend
and
a
lot	PRED
of
fear	ARG1
around
COMMA
''
said
C.
Bruce
Johnstone
COMMA
who
runs
Fidelity
Investments
'
$
5
billion
Equity-Income
Fund
.

Mr.
Stookey
said
of
the
boom
COMMA
``
It
's
going
to
last
a
whole
lot
longer	ARG1
than
anybody
thinks
.
''

``
If
we
get
rid
of
a
lot	PRED
of
that
nonsense
COMMA
it
will
be
a
big
plus
.
''

``
The
explosion
of
junk
bonds
and
takeovers
has
lodged
a
lot	PRED
of
insecure
securities	ARG1
in
the
hands
of
investors
and
loaded
the
corporations
that
are
the
objects
of
takeovers
or
feared
takeovers
with
huge
amounts
of
debt
rather
than
equity
.

``
There
was
n't
a
lot	PRED
of
volume	ARG1
because
it
was
just
impossible
to
get
stock
moved
COMMA
''
said
E.E.
``
Buzzy
''
Geduld
COMMA
president
of
Herzog
COMMA
Heine
COMMA
Geduld
COMMA
a
New
York
company
that
makes
markets
in
thousands	PRED
of
OTC
issues
.

Partly
because
of
concern
about
the
economy
and
partly
because
she
recently
quit
her
job
as
a
legal
assistant
to
go
to
school
COMMA
``
I
think
at
this
point
we
want
to
be
a
lot
more
liquid
.
''

The
crowded
field	ARG1
for
notebook-sized
computers
is
about
to
become
a
lot
more
crowded
.

``
I
've
had
a
lot	PRED
of
people	ARG1
trying
to
sell
me
services
to
find
out
how
big
it
is
COMMA
''
says
Tom
Humphries
COMMA
director
of
marketing
for
GRiD
.

``
A
lot	PRED
of
pent-up	ARG1
demand	ARG1
is
gone
.
''

The
company	ARG1
grew
modestly
until
1986
COMMA
when
a
majority
position
in
Hooker	ARG1
Corp.
was
acquired
by
Australian
developer
George
Herscu
COMMA
currently
Hooker
's
chairman
.

Mr.
Herscu
proceeded
to
launch
an
ambitious
COMMA
but
ill-fated
COMMA
$
1
billion
acquisition
binge
that
included
Bonwit
Teller
and
B.
Altman
&
Co.
COMMA
as
well
as
majority
positions	PRED
in
Merksamer
Jewelers
COMMA
a
Sacramento
chain
;
Sakowitz
Inc.
COMMA
the
Houston-based
retailer
COMMA
and
Parisian
Inc.
COMMA
the
Southeast
department-store	ARG1
chain	PRED
.

For
the
first
time
COMMA
the
83-year-old
justice
finds
his
influence
almost
exclusively
in
dissent
COMMA
rather
than
as
a
force
in
the
high
court
's
majority
.

Now
COMMA
however
COMMA
as
the
court
's
new
five-member	ARG1
conservative
majority
continues
to
solidify
COMMA
victories
for
the
liberals
are
rare
.

But
a
majority	PRED
of
the
Addison	ARG1
council	PRED
did
n't
buy
those
arguments
.

Mr.
Stram
said
Enron
is
considering
building
gas-fired
power
plants
in
the
U.K.
capable
of
producing
about
500
megawatts	PRED
of
power	ARG1
at
a
cost
of
about
$
300
million
to
$
400
million
.

Most
of
the
Western
European	ARG1
members	PRED
of
Coordinating
Committee
on
Multilateral
Export
Controls
COMMA
the
unofficial
forum
through
which
the
U.S.
and
its
allies
align
their
export-control	PRED
policies
COMMA
are
expected
to
argue
for
more
liberal
export
rules
at
a
meeting
to
be
held
in
Paris
Oct.
25
and
26
.

But
the
Bush
administration
says
it
wants
to
see
evidence
that
all
Cocom	ARG1
members	PRED
are
complying
fully
with
existing
export-control
procedures
before
it
will
support
further
liberalization
.

That
speculation
abounded
Friday
as
industry
executives
analyzed
the
appointment
of
the
new
chief
executive
COMMA
Robert
Louis-Dreyfus
COMMA
who
joins
Saatchi
and
becomes
a
member	PRED
of
its	ARG1
board
on
Jan.
1
.

Robert
G.
Walden
COMMA
62
years
old
COMMA
was
elected
a
director
of
this
provider
of
advanced
technology
systems
and
services
COMMA
increasing
the
board	PRED
to
eight
members
.

Against
that
backdrop
COMMA
UAW
Vice
President
Stephen
P.
Yokich
COMMA
who
recently
became
head
of
the
union
's
GM
department
COMMA
issued
a
statement
Friday
blasting
GM
's
``
flagrant
insensitivity
''
toward
union
members
.

Dissident
UAW
members
have
used
the
Fiero
plant
as
a
symbol
of
labor-management	ARG1
cooperation
's
failure
.

Mayor
Lynn
Spruill
and
two
members	PRED
of
the
council
said
they
were
worried
about
setting
a
precedent
that
would
permit
pool
halls
along
Addison
's
main
street
.

And
a
safe
one
--
imagine
if
the
romance
in
question
were
between
an
Orthodox
Jew
and
a
member	PRED
of
the
Nation
of
Islam
.

When
an
agreement
was
reached
to
strip
capital
gains
from
the
legislation
COMMA
Oregon
Sen.
Bob
Packwood
COMMA
the
ranking
GOP
member	PRED
of
the
tax-writing	ARG1
Senate
Finance
Committee
COMMA
hailed
it
.

In
fact
COMMA
some
of
the
association
's
members	PRED
--
long-term
COMMA
buy-and-hold
investors
--
welcomed
the
drop
in
prices	ARG1
.

``
We
hope
to
take
advantage
of
it
COMMA
''
said
John
Snyder
COMMA
a
member	PRED
of
a
Los
Angeles
investors
'
club	PRED
.

It
is
also
no
comfort
to
landlords
and
small
New
York
retailers
when
the
future
of
larger
department
stores
COMMA
which
anchor
retail
neighborhoods	PRED
COMMA
are
in
doubt
.

That
's
less
than
one-third
the
time
that
viewers
watch
the
major
broadcast	ARG1
networks	PRED
.

Mr.
Benton
expects
Compaq
to
unveil
a
family	PRED
of
high-end
personal
computers
later
this
year
that
are
powerful
enough
to
serve
as
the
hub
for
communications
within
large
networks	PRED
of
desk-top
machines
.

Tandem
makes
``
fault-tolerant
''
computers
--
machines
with
built-in
backup
systems
--
that
run
stock
exchanges
COMMA
networks
of
automatic
tellers	ARG1
and
other
complex
computer
systems
.

Its	ARG1
niche	PRED
as
the
``
network	PRED
of
record
''
during
major
crises
draws
elite
audiences
around
the
world
.

The
agreements
bring
to
a
total
of
nine
the
number	ARG1
of
planes
the
travel
company
has
sold
this
year
as
part	PRED
of
a
restructuring	ARG1
.

The
seller
of
photographic
products
and
services
said
it
is
considering
a
number	PRED
of
financing
alternatives
COMMA
including
seeking
increases
in
its
credit
lines
.

``
It
seems
to
me
that
a
story
like
this
breaks
just
before
every
important
Cocom
meeting
COMMA
''
said
a
Washington
lobbyist
for
a
number	PRED
of
U.S.
computer	ARG1
companies
.

In
a
suit
filed
in
federal
court
Thursday
COMMA
the
S&L
alleged
that
a
``
disproportionate
number	PRED
''
of
the
bonds
it
purchased
in
1984
declined
in
value
.

In
response
to
dwindling
domestic
supplies
COMMA
Agriculture
Secretary
Clayton
Yeutter
last
month
said
the
U.S.
government
would
slightly
increase
the
number	PRED
of
acres
farmers
can
plant
in
wheat
for
next
year
and
still
qualify
for
federal
support
payments
.

The
company
said
it
planned
to
offer
an
undetermined
number	PRED
of
common	ARG1
shares	ARG1
in
exchange
for
the
585COMMA000
shares	PRED
of
its	ARG1
preferred
stock	PRED
outstanding
.

``
As
businesses
contract
or
depart
COMMA
the
number	PRED
of
employees	ARG1
who
might
use
retail
services
shrinks
COMMA
''
says
Edward
A.
Friedman
COMMA
senior
vice
president
of
Helmsley
Spear
Inc
.

But
always
COMMA
in
years
past
COMMA
they
have
bucked
the
trend
and
have
been
able
to
pick
up
a
fifth
vote
to
eke
out
a
number	PRED
of
major
victories	ARG1
in
civil
rights
and
liberties
cases
.

The
new
show
is
perhaps
the
boldest
in
a
number	PRED
of
steps
the
network
is
taking
to
build
audience
loyalty
by
shifting
away
from
its
current
format
toward
more
full-length
``
signature
''
programming
with
recognizable
stars
.

``
We
're
asking
the
court
for
a
number	PRED
of
things
he
can
grant
in
addition
to
the
thrill
of
victory
COMMA
''
he
says
.

Hundreds	PRED
of
East
Germans	ARG1
flocked
to
Bonn
's
Embassy
in
Warsaw
COMMA
bringing
to
more
than
1COMMA200
the
number	PRED
of
emigres	ARG1
expected
to
flee
to
the
West
beginning
today
.

The
number
of
active
drilling
rigs
in
Canada
is
down
30
%	PRED
from
a
year
ago
COMMA
and
the
number	PRED
of
completed
oil	ARG1
wells
is
``
down
more
than
that
COMMA
due
to
the
increasing
focus
on
gas
exploration
COMMA
''
said
Robert
Feick
COMMA
manager
of
crude
oil
with
Calgary
's
Independent
Petroleum
Association
of
Canada
COMMA
an
industry
group
.

The
number
of
active
drilling
rigs
in
Canada
is
down
30
%	PRED
from
a
year
ago
COMMA
and
the
number	PRED
of
completed
oil	ARG1
wells
is
``
down
more
than
that
COMMA
due
to
the
increasing
focus
on
gas
exploration
COMMA
''
said
Robert
Feick
COMMA
manager
of
crude
oil
with
Calgary
's
Independent
Petroleum
Association
of
Canada
COMMA
an
industry
group
.

THE
NUMBER
of
women
and
minorities
who
hold
jobs
in
top
management
in
the
nation
's
largest
banks
has
more
than
doubled
since
1978
.

The
Senate
bill
was
stripped
of
many
popular
COMMA
though
revenue-losing
COMMA
provisions
COMMA
a
number	PRED
of
which
are
included
in
the
House-passed
bill
.

To
top
it
off
COMMA
you
captioned
the
graph
showing
the
average
number	PRED
of
months
in
a
job
search	ARG1
as
``
Time
Off
.
''

The
problem
COMMA
which
the
Journal
so
rightly
pointed
out
in
a
number	PRED
of
articles	ARG1
COMMA
is
not
the
likes
of
Mr.
Lantos
COMMA
who
after
all
is
really
a
bit
player
on
the
stage
COMMA
but
the
attempt
by
Congress
to
enhance
itself
into
a
quasi-parliamentary/judicial
body	PRED
.

Marc
Perkins
COMMA
a
Tampa
COMMA
Fla.
COMMA
investment
banker
COMMA
said
the
market
drop
is
one
of
``
a
tremendous
number	PRED
of
signs	ARG1
that
the
leveraged
take-out
era
is
ending
.

It
also
has
precluded
use
of
the
faster
COMMA
more
powerful
microprocessors
found
in
increasing
numbers	PRED
of
desktop
machines
.

Royal
Crown
Cola
Co.
has
ended
its
relationship
with
the
Boston
office	PRED
of
Hill
COMMA
Holliday
COMMA
Connors
COMMA
Cosmopulos
.

A
spokesman
for
the
U.S.
Attorney
's
office	PRED
said
extradition
proceedings
are
``
just
beginning
''
for
the
other
two
defendants
in
the
case
COMMA
Eric
Anthony
Abrahams
COMMA
former
Jamaican
tourism
minister
COMMA
and
Jamaican
businessman
Arnold
Foote
Jr	ARG1
.

``
This
institution
is
just
brain
dead
COMMA
''
says
Mr.
Haworth
COMMA
a
partner
in
the
Dallas
office	PRED
of
Andrews
&
Kurth
COMMA
a
Houston
law
firm
.

City
Federal
operates
105
banking
offices	PRED
in
New
Jersey
and
Florida
.

Food
and
Drug
Administration
spokesman
Jeff
Nesbit
said
the
agency
has
turned
over
evidence
in
a
criminal
investigation
concerning
Vitarine
Pharmaceuticals
Inc.
to
the
U.S.
Attorney
's
office	PRED
in
Baltimore
.

Bolar
COMMA
the
subject
of
a
criminal
investigation
by
the
FDA
and
the
Inspector
General
's
office	PRED
of
the
Health
and
Human
Services
Department
COMMA
only
agreed
to
recall
two
strengths
of
its
version
of
Macrodantin
``
as
far
down
as
direct
customers
COMMA
mostly
wholesalers
COMMA
''
Mr.
Nesbit
said
.

In
1984
the
EPA
notified
Gulf
Resources
COMMA
which
was
a
part-owner
of
the
smelter
COMMA
that
it
was
potentially
liable
for
sharing
cleanup
costs	PRED
at
the
site
under
the
federal
Superfund
program
.

Hooker
Corp.
COMMA
parent
of
Bonwit
Teller
and
B.
Altman
's
COMMA
is
mired
in
bankruptcy
proceedings
and
Bloomingdale
's
is
for
sale
by
its
owner	PRED
COMMA
Campeau
Corp
.

And
the
cable-TV
operators
--
CNN
's
distributors
and
part
owners	ARG1
--
like
things
just
the
way
they
are
.

The
franchisees
COMMA
owners
or
operators
of
1COMMA000
of
the
1COMMA900
franchised
Arby
's
in
the
U.S.
COMMA
said
:
``
We
have
concluded
that
continued
control
of
Arby
's	ARG1
by
Victor
Posner
is
totally
unacceptable
to
us
COMMA
because
it
is
extremely
likely
to
cause
irreparable
damage
to
the
Arby
's
system	ARG1
.

The
company
is
beginning
to
ship
a
new
software
program
that
's
being
heralded
as
a
boon
for
owners
of
low-end
printers	ARG1
sold
by
Apple
.

All
bets
are
off
COMMA
analysts
say
COMMA
because
of
the
shifting
ownership	PRED
of
the
retail	ARG1
chains	PRED
.

To
justify
50-50	ARG1
ownership	PRED
of
the
planned
venture	ARG1
COMMA
Thomson
would
make
a
cash
payment
to
British
Aerospace
.

--
Close
a
loophole
regarding
employee
stock	PRED
ownership
plans
COMMA
effective
June
6
COMMA
1989
COMMA
that
has
been
exploited
by
investment
bankers
in
corporate
takeovers
.

At
USA
Today
COMMA
ad
pages	PRED
totaled
785
for
the
quarter
COMMA
down
9.2
%
from
the
1988
period
COMMA
which
was
helped
by
increased
ad
spending
from
the
Summer
Olympics
.

While
USA
Today
's
total
paid
ad
pages	PRED
for
the
year
to
date
totaled
2COMMA735
COMMA
a
decrease
of
4
%	PRED
from
last
year
COMMA
the
paper
's
ad
revenue	ARG1
increased	SUPPORT
8
%	PRED
in
the
quarter
and
13
%
in
the
nine
months
.

For
instance
COMMA
Gannett	ARG1
Co.
posted
an
11
%	PRED
gain
in
net
income	ARG1
COMMA
as
total
ad
pages	ARG1
dropped
at
USA
Today
COMMA
but
advertising
revenue
rose
because
of
a
higher
circulation
rate
base
and
increased
rates
.

In
a
related
development
COMMA
the
news-weekly
COMMA
for
the
fourth
year
in
a
row
COMMA
said
it
wo
n't
increase
its
advertising
rates	ARG1
in
1990
;
a
full
COMMA
four-color
page
in
the
magazine
costs
about
$
120COMMA000
.

The
agreements
bring
to
a
total
of
nine
the
number	ARG1
of
planes
the
travel
company
has
sold
this
year
as
part	PRED
of
a
restructuring	ARG1
.

The
maker	ARG1
of
scientific	ARG1
instruments
and
laser
parts
said
orders	ARG1
fell	SUPPORT
below
expectations
in
recent
months
.

Nevertheless
COMMA
the
company
's
reaction
underscores
the
domino
effect
that
a
huge
manufacturer
such
as
Boeing
can
have
on
other
parts	PRED
of
the
economy	ARG1
.

C.S.
Richardson
COMMA
Atco
's
senior
vice
president
COMMA
finance
COMMA
said
its
50.1%-owned
Canadian
Utilities
Ltd.
unit
is
reviewing
cogeneration
projects
in
eastern
Canada
COMMA
and
conventional
electric
power
generating
plants
elsewhere
COMMA
including
Britain
COMMA
where
the
British
government
plans
to
allow
limited
competition
in
electrical
generation	ARG1
from
private-sector
suppliers
as
part	PRED
of
its
privatization
program
.

The
land
to
be
purchased
by
the
joint
venture
has
n't
yet
received
zoning
and
other
approvals
required
for
development
COMMA
and
part
of
Kaufman
&
Broad
's
job
will
be
to
obtain
such
approvals
.

To
make
its
point
COMMA
it
is
challenging
the
Italian
government
to
explain
reports
that
Olivetti
may
have
supplied
the
Soviet
Union
with
sophisticated
computer-driven
devices
that
could
be
used
to
build
parts
for
combat
aircraft	ARG1
.

Mr.
Spielvogel
is
n't
part	PRED
of
the
board	ARG1
COMMA
nor
are
any
of
the
other
heads	PRED
of
Saatchi	ARG1
's
big
U.S.-based
ad
agencies
.

Southmark
Corp.
said
that
it
filed
part
of
its
10-K
report
with
the
Securities
and
Exchange
Commission
COMMA
but
that
the
filing
does
n't
include
its
audited
financial
statements
and
related
information
.

MedChem
said
the
court
's
ruling
was
issued
as
part	PRED
of
a
``
first-phase
trial
''
in
the
patent-infringement
proceedings
and
concerns
only
one
of
its
defenses
in
the
case
.

Gulf
Resources
&
Chemical
Corp.
said
it
agreed
to
pay
$
1.5
million
as
part	PRED
of
an
accord
with
the
Environmental
Protection
Agency
regarding
an
environmental
cleanup
of
a
defunct
smelter
the
company
formerly
operated
in
Idaho
.

The
company
said
that
as
part	PRED
of
its
agreement
with
the
EPA
COMMA
it
``
made
certain
voluntary
undertakings
with
respect
to
intercorporate
transactions
entered
into
after
the
reorganization
.
''

But
Time
COMMA
as
part	PRED
of
the
more
cost-conscious
Time
Warner
COMMA
wants
to
wean
itself
away
from
expensive
gimmicks
.

At
the
time
COMMA
a
group
called
R.B.
Partners
Ltd.
COMMA
consisting
of
eight
of
Arby
's
largest
franchisees
COMMA
offered
more
than
$
200
million
to
buy
Arby
's
Inc.
COMMA
which
is
part
of
DWG
Corp
.

But
at
least
part	PRED
of
the
increase	ARG1
could
have
come
from
higher
prices
COMMA
analysts
said
.

CityFed
added
that
significant
additional
loan-loss
provisions
may
be
required
by
federal
regulators
as
part	PRED
of
the
current
annual
examination
of
City
Federal
Savings
Bank
COMMA
CityFed
's
primary
subsidiary	PRED
COMMA
based
in
Somerset
COMMA
N.J
.

The
cream
of
the
British
crop
COMMA
the
literary
dramas
that
are
shown
on
U.S.
public
television
as
``
Masterpiece
Theater
COMMA
''
make
up
a
relatively
small
part	PRED
of
British
air
time
.

Yesterday
COMMA
a
source
close
to
GEC
confirmed
that
his
company
may
join
the
Ferranti
fight
COMMA
as
part	PRED
of
a
possible
consortium
that
would
bid
against
British
Aerospace
and
Thomson-CSF
.

Part	PRED
of
the
problem	ARG1
is
the
tendency
of
all
sitcoms
COMMA
ever
since
the
didactic
days
of
Norman
Lear
COMMA
to
preach
about
social
issues
.

Hill
Democrats
are
particularly
angry
over
Mr.
Bush
's
claim
that
the
capital-gains
cut
was
part
of
April
's
budget
accord
and
his
insistence
on
combining
it
with
the
deficit-reduction
legislation
.

``
You
say
you
could
have
sold
X
percent	PRED
of
this
product
and
Y
percent	PRED
of
that
COMMA
''
recalls
Theodore
Semegran
COMMA
an
analyst
at
Shearson
Lehman
Hutton
who
went
through
this
exercise
during
his
former
career
as
a
chemical
engineer
.

I
will
not
enter
into
an
agreement
that
stipulates
to
a
percentage	PRED
of
the
market	ARG1
.

Profit
climbed
even
though
Merck
's
sales	ARG1
were
reduced
by
``
one
to
three
percentage
points
''
as
a
result
of
the
strong
dollar
COMMA
Mr.
Sweig
said
.

Tandem
Computers
Inc.
COMMA
preparing
to
fight
with
International
Business
Machines
Corp.
for
a
piece	PRED
of
the
mainframe
business
COMMA
said
it
expects
to
post
higher
revenue
and
earnings
for
its
fiscal	ARG1
fourth
quarter
ended
Sept.
30
.

--
Restrict
the
ability
of
real
estate	ARG1
owners	ARG1
to
escape
taxes
by
swapping
one
piece	PRED
of
property	ARG1
for
another
instead
of
selling
it
for
cash
.

In
that
case
COMMA
there
will
be
plenty	PRED
of
blame	ARG1
to
go
around
.

The
company
said
a
portion	PRED
of
the
$
32
million
realized
from
the
sales
will
be
used
to
repay
its
bank
debt
and
other
obligations
resulting
from
the
currently
suspended
air-charter
operations
.

Unseasonably
hot
COMMA
dry
weather
across
large
portions	PRED
of
the
Great
Plains
and
in
wheat-growing
areas
in
Washington
and
Oregon
is
threatening
to
reduce
the
yield
from
this
season
's
winter
wheat	ARG1
crop	PRED
COMMA
said
Conrad
Leslie
COMMA
a
futures
analyst
and
head
of
Leslie
Analytical
in
Chicago
.

That
figure
climbs
to
about
47
%	PRED
in
wheat-growing
portions	PRED
of
Kansas
COMMA
he
said
.

European
programs
usually
target
only
their
own
local
audience
COMMA
and
often
only
a
small
portion	PRED
of
that
.

The
company	ARG1
grew
modestly
until
1986
COMMA
when
a
majority
position
in
Hooker	ARG1
Corp.
was
acquired
by
Australian
developer
George
Herscu
COMMA
currently
Hooker
's
chairman
.

Mr.
Herscu
proceeded
to
launch
an
ambitious
COMMA
but
ill-fated
COMMA
$
1
billion
acquisition
binge
that
included
Bonwit
Teller
and
B.
Altman
&
Co.
COMMA
as
well
as
majority
positions	PRED
in
Merksamer
Jewelers
COMMA
a
Sacramento
chain
;
Sakowitz
Inc.
COMMA
the
Houston-based
retailer
COMMA
and
Parisian
Inc.
COMMA
the
Southeast
department-store	ARG1
chain	PRED
.

Mario
Gabelli
COMMA
for
instance
COMMA
holds
cash
positions
well
above
20
%	PRED
in
several
of
his
funds	ARG1
.

Vincent
Bajakian
COMMA
manager
of
the
$
1.8
billion
Wellington
Fund
COMMA
added
to
his
positions
in
Bristol-Myers
Squibb
COMMA
Woolworth
and
Dun
&
Bradstreet
Friday
.

As
of
yesterday
afternoon
COMMA
the
redemptions
represented
less
than
15
%	PRED
of
the
total
cash
position
of
about
$
2
billion
of
Fidelity
's
stock
funds
.

Salomon
will
``
cover
''
the
warrants
by
buying
sufficient
shares	PRED
COMMA
or
options
to
purchase
shares
COMMA
to
cover
its
entire
position
.

In
July
COMMA
the
CBOT
ordered
Ferruzzi
Finanziaria
S.p
.
A.
to
liquidate
futures
positions
equal
to
about
23
million
bushels	PRED
of
soybeans	ARG1
.

The
nation
's
largest
short-selling
operation
is
Feshbach
Brothers
COMMA
Palo
Alto
COMMA
Calif.
COMMA
which
said
last
May
that
its
short
positions	PRED
had
shown
losses
of
10
%
for
the
year
up
to
that
point
.

When
she
met
the
local
press
for
the
first
time
on
Friday
COMMA
Mrs.
Hills
firmly
reiterated
the
need
for
progress
in
removing
barriers
to
trade
in
forest
products
COMMA
satellites
and
supercomputers
COMMA
three
areas
targeted
under
the
Super
301
provision
of
the
1988
trade
bill
.

The
stock
COMMA
having
lost
nearly
a
quarter	PRED
of
its
value	ARG1
since
Sept.
1
COMMA
closed
at
$
34.375
share
COMMA
down
$
1.125
COMMA
in
New
York
Stock
Exchange
composite
trading
Friday
.

``
Refining
margins
were
so
good
in
the
third
quarter
of
last
year
and
generally
not
very
good
this
year
COMMA
''
said
William
Randol
COMMA
a
securities
analyst
at
First
Boston
Corp
.

Refiners
say
margins
picked
up
in
September
COMMA
and
many
industry
officials
believe
gasoline
profits
will
rebound
this
quarter
COMMA
though
still
not
to
the
level
of
1988
's
fourth
quarter
.

The
publisher
of
the
Boston
Globe
reported
net
of
$
8.5
million
COMMA
or
12
cents
a
share
COMMA
compared
with
a
loss
of
$
26.5
million
COMMA
or
38
cents
a
share
COMMA
for
the
third
quarter
in
1988
.

In
the
third
quarter
of
1988	ARG1
COMMA
Merck
earned
$
311.8
million
COMMA
or
79
cents
a
share
.

In
last
year
's
third
quarter
COMMA
Lilly
earned
$
171.4
million
COMMA
or
$
1.20
a
share
.

Squibb
's
profit
COMMA
estimated
by
analysts
to
be
about
18
%	PRED
above
the
$
123
million
COMMA
or
$
1.25
a
share
COMMA
it
earned
in
the
third
quarter
of
1988	ARG1
COMMA
was
the
result
of
especially
strong
sales
of
its
Capoten
drug
for
treating
high
blood
pressure
and
other
heart
disease
.

Amid
a
crowd	PRED
of
crashing	ARG1
stocks
COMMA
Relational
Technology
Inc.
's
stock
fell
particularly
hard
Friday
COMMA
dropping
23
%	PRED
because
its
problems
were
compounded
by
disclosure
of
an
unexpected
loss
for
its
fiscal	ARG1
first
quarter	PRED
.

The
database
software
company
said
it
expects
a
$
2
million
net
loss
for
the
fiscal	ARG1
first
quarter
ended
Sept.
30
.

A
third
model
COMMA
marketed
in
Japan
COMMA
may
hit
the
U.S.
by
the
end
of
the
first
quarter	PRED
of
1990	ARG1
COMMA
but
by
then
COMMA
analysts
say
COMMA
Compaq
will
have
established
itself
as
one
of
three
major
players	ARG1
.

Tandem
Computers
Inc.
COMMA
preparing
to
fight
with
International
Business
Machines
Corp.
for
a
piece	PRED
of
the
mainframe
business
COMMA
said
it
expects
to
post
higher
revenue
and
earnings
for
its
fiscal	ARG1
fourth
quarter
ended
Sept.
30
.

In
the
third
quarter
of
1987
COMMA
the
economy
spurted
at
an
inflation-adjusted
annual
rate
of
5.3
%
.

The
consensus
among
economists
is
that
it
grew
a
much
more
sluggish
2.3
%
in
the
third
quarter
of
1989
COMMA
which
ended
two
weeks
ago
.

In
the
1988
third
quarter
COMMA
the
company
earned
$
461
million
COMMA
or
$
1.91
a
share
COMMA
on
sales
of
$
7.99
billion
.

Once
the
chief
beneficiaries
of
the
industry
's
now
fading
boom
COMMA
these
producers
also
will
be
reporting
against
exceptionally
strong
performances
in
the
1988
third
quarter
.

In
the
1988
third
quarter	PRED
COMMA
Quantum
earned
$
99.8
million
COMMA
or
$
3.92
a
share
COMMA
on
sales
of
$
724.4
million
.

The
U.S.
COMMA
which
is
finalizing
its
steel-import
quotas	PRED
COMMA
is
allocating
a
larger
share
of
its
steel
market	ARG1
to
developing
and
newly
industrialized
countries
which
have
relatively
unsubsidized
steel
industries
.

Mexico
COMMA
which
was
one
of
the
first
countries
to
conclude
its
steel
talks
with
the
U.S.
COMMA
virtually
doubled
its
quota
to
0.95
%	PRED
of
the
U.S.
steel
market
from
0.48
%
under
the
previous
quotas
.

Mexico
COMMA
which
was
one
of
the
first
countries
to
conclude
its
steel
talks
with
the
U.S.
COMMA
virtually
doubled
its
quota
to
0.95
%	PRED
of
the
U.S.
steel
market
from
0.48
%
under
the
previous
quotas
.

Meanwhile
COMMA
the
U.S.
has
negotiated
a
significant
cut
in
Japan
's
steel
quota
COMMA
and
made
only
a
minor
increase
to
the
steel
allotment
for
the
European
Community
.

The
EC
and
Japan
--
the
U.S.
's
largest
steel
suppliers	ARG1
--
have
n't
been
filling
their
quotas	PRED
to
the
full
extent
.

The
EC
steel
industry
COMMA
which
has
been
coping
with
strong
European
demand
COMMA
has
been
supplying
about
5
%	PRED
of
the
U.S.
market
compared
with
recent
quotas
of
about
6.7
%
.

Japan
has
been
shipping
steel
to
total
about
4.5
%	PRED
of
the
U.S.
market
compared
with
a
quota
of
5.9
%	PRED
.

In
the
recent
talks
COMMA
the
EC	ARG1
had
its
quota
increased
about
300COMMA000
tons
COMMA
to
7
%	PRED
of
the
U.S.
market	ARG1
from
6.7
%
in
1988
.

But
its
quota
has
been
as
high
as
6.9
%	PRED
in
1984
.

Japan
COMMA
however
COMMA
has
agreed
to
cut
its
quota
to
about
5
%
from
5.9
%
previously
.

Brazil
COMMA
similar
to
Mexico
and
South
Korea
COMMA
is
expected
to
negotiate
a
somewhat
bigger
share
of
the
U.S.
market
than
it
had
under
the
previous
five-year
steel
quotas
COMMA
which
expired
Sept.
30
.

The
Bush
administration
earlier
this
year
said
it
would
extend
steel
quotas
COMMA
known
as
voluntary
restraint
agreements
COMMA
until
March
31
COMMA
1992
.

As
the
1992
economic
integration
approaches
COMMA
Europe
's
cultural
curators
have
taken
to
the
ramparts
against
American
``
cultural
imperialism
COMMA
''
threatening
to
impose
quotas
against
such
pop
invaders
as
``
Dallas
COMMA
''
``
Miami
Vice
''
and
``
L.A.
Law
.
''

A
raft
of
new
computer
companies
also
has
targeted
this
``
server
''
market
.

Though
Boeing
's
stock
price
was
battered
along
with
the
rest	PRED
of
the
market	ARG1
Friday
COMMA
it
actually
has
risen
over
the
last
two
weeks
on
the
strength
of
new
orders
.

The
oil
industry
's
middling
profits
could
persist
through
the
rest
of
the
year	ARG1
.

After
a
supply
crunch
caused
prices
to
rise	SUPPORT
14
%	PRED
since
1986
to
$
650
a
metric
ton	PRED
COMMA
analysts
are
encouraged
COMMA
because
they
do
n't
expect
a
price
increase
for
the
rest
of
this
year
.

The
statistics
quoted
by
the
``
new
''
Census
Bureau
report
(
garnered	SUPPORT
from
1984
to
1986
)
are
out
of
date
COMMA
certainly
as
an
average
for
the
Northeast
COMMA
and
possibly
for
the
rest	PRED
of
the
country
.

The
market
seems
increasingly
disconnected
from
the
rest	PRED
of
the
nation	ARG1
.

In
a
Madrid
hotel
room
recently
COMMA
a
viewer
caught
the
end
of
a
badly
acted
series
about
a
fishing
boat
on
Australia
's
Great
Barrier
Reef
COMMA
only
to
be
urged
by
the
British
announcer
to
``
stay
tuned
for
the
further
adventures
of
Skippy
the
Kangaroo
.
''

Joseph
Hardiman
COMMA
president
of
the
National
Association
of
Securities
Dealers
COMMA
which
oversees
the
Nasdaq
computerized
trading
system
COMMA
said
that
despite
the
rush
of
selling
COMMA
he
never
considered
the
situation
an
``
emergency
.
''

Stocks	PRED
of
utilities
held
up
relatively
better
than
other
market	ARG1
sectors	PRED
during
the
sell-off
.

At
the
investment
firm	PRED
of
Smith
Barney
COMMA
Harris
Upham
&
Co.
COMMA
the
commodity-chemical
segment
is
seen
pulling
down
overall
profit	ARG1
for
20
companies
representative
of
the
whole
industry
by
8
%
to
10
%
.

General
Motors
Corp.
COMMA
in
a
series	PRED
of
moves	ARG1
that
angered
union
officials
in
the
U.S.
and
Canada
COMMA
has
signaled
that
as
many
as
five
North
American
assembly
plants
may
not
survive
the
mid-1990s
as
the
corporation
struggles
to
cut
its
excess
vehicle-making
capacity
.

Compaq
's
series	PRED
of
notebooks
extends
a
trend
toward
downsizing
in
the
personal
computer
market
.

Boeing
's
shares	ARG1
fell
$
4
Friday
to
close
at
$
57.375
in
composite
trading
on
the
New
York
Stock
Exchange
.

In
the
U.S.
polyethylene
market
COMMA
Quantum
has
claimed
the
largest
share
COMMA
about
20
%	PRED
.

In
any
case
COMMA
on
the
day
of
the
meeting
COMMA
Quantum
's
shares	PRED
slid
$
2.625
to
$
36.625
in
Big
Board
trading
.

The
plant
expansion
should
strengthen
the
company
's
sway
in
the
polyethylene
business
COMMA
where
market
share
is
often
taken
through
sheer
capacity
.

The
U.S.
COMMA
which
is
finalizing
its
steel-import
quotas	PRED
COMMA
is
allocating
a
larger
share
of
its
steel
market	ARG1
to
developing
and
newly
industrialized
countries
which
have
relatively
unsubsidized
steel
industries
.

Meanwhile
COMMA
Brazil
is
expected
to
increase
its
allowance
from
the
1.43
%
share
it
has
had
in
recent
years
.

Brazil
COMMA
similar
to
Mexico
and
South
Korea
COMMA
is
expected
to
negotiate
a
somewhat
bigger
share
of
the
U.S.
market
than
it
had
under
the
previous
five-year
steel
quotas
COMMA
which
expired
Sept.
30
.

Quest
Medical
Inc.
said
it
adopted
a
shareholders
'
rights
plan
in
which
rights
to
purchase
shares
of
common
stock
will
be
distributed
as
a
dividend
to
shareholders
of
record
as
of
Oct.
23
.

When
Attack
hit
the
shelves
in
1987
COMMA
P&G
's
share	PRED
of
the
Japanese
market
fell
to
about
8
%	PRED
from
more
than
20
%	PRED
.

With
the
help
of
Lemon
Cheer
COMMA
P&G
's
share
is
now
estimated
to
be
12
%
.

The
U.S.
share	PRED
of
the
Japanese
market
has
been
stuck	SUPPORT
around
10
%
for
years
.

Many
Americans
have
interpreted
a
1986
agreement
as
assuring
U.S.
companies
a
20
%
share	SUPPORT
by
1991
COMMA
but
the
Japanese
have
denied
making
any
such
promise
.

Salomon
Brothers
International
Ltd.
COMMA
a
British
subsidiary	PRED
of
Salomon
Inc.
COMMA
announced
it
will
issue
warrants
on
shares
of
Hong
Kong
Telecommunications
Ltd
.

The
move
closely
follows
a
similar
offer
by
Salomon
of
warrants
for
shares
of
Hongkong
&
Shanghai
Banking
Corp
.

While
Hong
Kong
companies
have
in
the
past
issued
warrants
on
their
own
shares	PRED
COMMA
Salomon
's
warrants
are
the
first
here
to
be
issued
by
a
third
party
.

Salomon
will
``
cover
''
the
warrants
by
buying
sufficient
shares	PRED
COMMA
or
options
to
purchase
shares
COMMA
to
cover
its
entire
position
.

GM
is
under
intense
pressure
to
close
factories
that
became
unprofitable
as
the
giant
auto
maker
's
U.S.
market	ARG1
share	PRED
skidded
during
the
past
decade
.

Weatherford
International
Inc.
said
it
canceled
plans
for
a
preferred-stock
swap
but
may
resume
payment
of
dividends	ARG1
on
the
stock
COMMA
and
added
that
it
expects
to
publicly
offer
about
10
million
common
shares	PRED
.

The
company
said
it
planned
to
offer
an
undetermined
number	PRED
of
common	ARG1
shares	ARG1
in
exchange
for
the
585COMMA000
shares	PRED
of
its	ARG1
preferred
stock	PRED
outstanding
.

The
company
said
it
planned
to
offer
an
undetermined
number	PRED
of
common	ARG1
shares	ARG1
in
exchange
for
the
585COMMA000
shares	PRED
of
its	ARG1
preferred
stock	PRED
outstanding
.

Additionally
COMMA
the
company
said
it
filed
with
the
Securities
and
Exchange
Commission
for
the
proposed
offering
of
10
million
shares	PRED
of
common
stock	ARG1
COMMA
expected
to
be
offered
in
November
.

Weatherford
currently
has
approximately
11.1
million
common
shares	PRED
outstanding
.

``
This
is
a
reaction
to
artificial
LBO
valuations
COMMA
rather
than
to
any
fundamentals
COMMA
''
said
John
Young
COMMA
chairman
of
Hewlett-Packard
Co.
COMMA
whose
shares	PRED
dropped
$
3.125
to
$
48.125
.

``
I
'm
not
going
to
worry
about
one
day
's
decline
COMMA
''
said
Kenneth
Olsen
COMMA
Digital
Equipment
Corp.
president
COMMA
who
was
leisurely
strolling
through
the
bright
orange
and
yellow
leaves	PRED
of
the
mountains
here
after
his
company	ARG1
's
shares	PRED
plunged
$
5.75
to
close
at
$
86.50
.

Royal
Bank
of
Scotland
Group
PLC
COMMA
an
Edinburgh
COMMA
Scotland
COMMA
financial
services
company
COMMA
will
list
American
depositary
shares
COMMA
representing
preferred
shares
COMMA
with
the
symbol
RBSPr
.

The
American
Stock
Exchange
listed
shares
of
two
companies	ARG1
.

The
National
Market
System
of
the
Nasdaq
over-the-counter
market
listed
shares
of
one
company	ARG1
.

American
Cyanamid
Co.
COMMA
offering
of
1COMMA250COMMA000
common	ARG1
shares	PRED
COMMA
via
Merrill
Lynch
Capital
Markets
.

Nuveen
California
Performance
Plus
Municipal
Fund
Inc.
COMMA
initial
offering
of
five
million
common	ARG1
shares	PRED
COMMA
via
Alex
.
Brown
&
Sons
Inc.
COMMA
John
Nuveen
&
Co.
COMMA
Prudential-Bache
Capital
Funding
COMMA
and
Bateman
Eichler
COMMA
Hill
Richards
.

PacifiCare
Health
Systems
Inc.
COMMA
proposed
offering	SUPPORT
of
1.5
million
common	ARG1
shares	PRED
COMMA
of
which
700COMMA000
shares
will
be
offered
by
PacifiCare
and
800COMMA000
shares
by
UniHealth
America
Inc
.
(
PacifiCare
's
71
%
)
COMMA
via
Dillon
COMMA
Read
&
Co.
Inc.
COMMA
Goldman
COMMA
Sachs
&
Co.
and
Dean
Witter
Reynolds
Inc
.

Pricor
Inc.
COMMA
offering
of
one
million
new
shares	PRED
of
common
stock	ARG1
and
300COMMA000
shares
by
holders
COMMA
via
Drexel
Burnham
Lambert
Inc.
and
J.C.
Bradford
&
Co
.

In
American
Stock
Exchange
composite
trading
Friday
COMMA
CenTrust	ARG1
common
shares	PRED
closed
at
$
3
COMMA
down
12.5
cents
.

The
share
of
minorities
in
those
positions
has
risen
to	SUPPORT
16
%	PRED
from
12
%
...
.

The
eventual
court
decision
could
become
a
landmark
in
Dutch
corporate
law
because
the
lawsuit
ASKO
plans
to
file
would
be
the
first
to
challenge
the
entire
principle
and
practice
of
companies
issuing
voting
preferred
shares
to
management-controlled
trusts
to
dilute
voting
power
of
common
stockholders
.

14
million
common	ARG1
shares	PRED
COMMA
via
Goldman
COMMA
Sachs
&
Co
.

1.3
million
common	ARG1
shares	PRED
COMMA
via
Merrill
Lynch
.

1.5
million
common	ARG1
shares	PRED
COMMA
via
PaineWebber
Inc
.

Two
million
common	ARG1
shares	PRED
COMMA
via
Dean
Witter
Capital
Markets
.

2COMMA850COMMA000
common	ARG1
shares	PRED
COMMA
via
Goldman
Sachs
.

2.4
million
common	ARG1
shares	PRED
COMMA
via
Montgomery
Securities
.

Three
million
shares	PRED
of
$
25
preferred
COMMA
via
competitive
bidding
.

Four
million
common	ARG1
shares	PRED
COMMA
via
Salomon
Brothers
Inc
.

Zenith
holders
will
vote
in
December
on
the
proposed
$
635
million
sale
COMMA
a
price
that
could
slip
because
it
is
pegged
to
Zenith
's
share
and
sales
.

Compaq
is
already
taking
aim
at
Zenith
's
market
share	PRED
.

Shares
of
Rally
's
Inc.
COMMA
an
operator
of
fast-food	ARG1
restaurants	ARG1
COMMA
closed
at
$
17
each
COMMA
up
from
its
$
15
offering
price
and
shares
of
Employee
Benefit
Plans
Inc.
COMMA
a
health-care
consultant
COMMA
closed
at
$
14.125
COMMA
up
from
its
$
12
offering
price
.

Shares
of
Rally
's
Inc.
COMMA
an
operator
of
fast-food	ARG1
restaurants	ARG1
COMMA
closed
at
$
17
each
COMMA
up
from
its
$
15
offering
price
and
shares
of
Employee
Benefit
Plans
Inc.
COMMA
a
health-care
consultant
COMMA
closed
at
$
14.125
COMMA
up
from
its
$
12
offering
price
.

Ford
Motor
Co.
said
it
acquired
5
%	PRED
of
the
shares	ARG1
in
Jaguar
PLC
.

The
U.S.
Federal
Trade
Commission
advised
Ford
last
week
that
it
would
n't
raise
any
objection
to
the
acquisition
of
as
much
as
15
%	PRED
of
Jaguar	ARG1
shares	PRED
.

The
company
COMMA
based
in
Wilmington
COMMA
Del.
COMMA
is
81%-owned
by
Montedison
S.p
.
A.
COMMA
Milan
COMMA
which
has
an
offer
outstanding
for
the
Himont
shares	PRED
it
does
n't
already
own
.

But
while
the
New
York
Stock
Exchange
did
n't
fall
apart
Friday
as
the
Dow
Jones
Industrial
Average	ARG1
plunged
190.58
points
--
most
of
it
in
the
final
hour
--
it
barely
managed
to
stay
this
side
of
chaos
.

``
This
is
a
real
thrust
on
our
utility
side	PRED
COMMA
''
he
said
COMMA
adding
that
Canadian
Utilities
is
also
mulling
projects
in
underdeveloped
countries
COMMA
though
he
would
be
specific
.

Analysts
expect
the
new
computer
to
wrest
a
hefty
slice
of
business
away
from
IBM
COMMA
the
longtime
leader
in
mainframes
.

--
The
administration
has
sent
out
confusing
signals
about
its
response
to
a
recent
spate
of
airline	ARG1
takeovers	ARG1
.

``
But
we
would
n't
go
into
them
alone
COMMA
''
and
Canadian
Utilities
'
equity
stake	PRED
would
be
small
COMMA
he
said
.

Financial
Corp.
purchased
the
bonds
COMMA
the
suit
alleged
COMMA
after
Mr.
Boesky
and
Drexel
negotiated
an
agreement
for
Vagabond
Hotels
to
purchase
a
51
%
stake	SUPPORT
in
the
thrift	ARG1
for
about
$
34
million
.

Shortly
before
the
visit
COMMA
Mr.
Boesky
and
Drexel
representives
had
met
with
Financial
Corp.
officials
and
had
signed
a
letter
of
intent
to
acquire
the
51
%	PRED
stake	PRED
in
the
company
.

HOFI
COMMA
the
North
American
holding
company
of
Swiss
concern
Holderbank
Financiere
Glaris
Ltd.
COMMA
previously
proposed
combining
its
100
%	PRED
stake	PRED
in
St.
Lawrence
Cement
Inc.
and
its
60
%	PRED
stake	SUPPORT
in
Dundee
Cement
Co.
with
its
67
%
stake	SUPPORT
in
Ideal
.

HOFI
COMMA
the
North
American
holding
company
of
Swiss
concern
Holderbank
Financiere
Glaris
Ltd.
COMMA
previously
proposed
combining
its
100
%	PRED
stake	PRED
in
St.
Lawrence
Cement
Inc.
and
its
60
%	PRED
stake	SUPPORT
in
Dundee
Cement
Co.
with
its
67
%
stake	SUPPORT
in
Ideal
.

HOFI
COMMA
the
North
American
holding
company
of
Swiss
concern
Holderbank
Financiere
Glaris
Ltd.
COMMA
previously
proposed
combining
its
100
%	PRED
stake	PRED
in
St.
Lawrence
Cement
Inc.
and
its
60
%	PRED
stake	SUPPORT
in
Dundee
Cement
Co.
with
its
67
%
stake	SUPPORT
in
Ideal
.

Speaking
through
its
Dutch
lawyers
COMMA
ASKO
also
disclosed
it
holds	SUPPORT
a
15
%	PRED
stake	SUPPORT
in
Ahold
.

It
was
previously
thought
ASKO
held
a
13.6
%
stake
that
was
accumulated
since
July
.

Last
month
COMMA
Transportation
Secretary
Sam
Skinner
forced
Northwest
Airlines
to
reduce
a
stake
held
by
KLM
Royal
Dutch
Airlines
.

And
he
has
kept
mum
on
how
his
decision
might
affect
a
bid
for
United
Airlines
COMMA
which
includes
a
big
stake
by
British
Airways
PLC
.

Though
Dow
has
aggressively
diversified
into
specialty
chemicals
and
pharmaceuticals
COMMA
the
company
still
has
a
big
stake	PRED
in
polyethylene
COMMA
which
is
used
in
packaging
and
housewares
.

Population
Drain
Ends
For
Midwestern
States

At
the
same
time
COMMA
several
states
in
the
South
and
West
have
had
their
own
population
turnaround
.

Six
of
the
12
midwestern
states
have
been
growing
steadily
since
1980
--
Illinois
COMMA
Kansas
COMMA
Minnesota
COMMA
Missouri
COMMA
South
Dakota
and
Wisconsin
.

Wall
Street
's
takeover-stock
speculators
COMMA
or
``
risk
arbitragers
COMMA
''
had
placed
unusually
large
bets
that
a
takeover
would
succeed
and
UAL
stock	PRED
would
rise
.

Arbitragers
could
n't
dump
their
UAL
stock	PRED
--
but
they
rid
themselves
of
nearly
every
``
rumor
''
stock
they
had
.

And
today
he
'll
be
looking
to
buy
drug	ARG1
stocks
like
Eli
Lilly
COMMA
Pfizer
and
American
Home
Products
whose
dividend
yields
have
been
bolstered
by
stock
declines
.

Though
Boeing
's
stock
price
was
battered
along
with
the
rest	PRED
of
the
market	ARG1
Friday
COMMA
it
actually
has
risen
over
the
last
two
weeks
on
the
strength
of
new
orders
.

Diamond
Shamrock
Offshore
's
stock	PRED
rose
12.5
cents
Friday
to
close
at
$
8.25
in
New
York
Stock
Exchange
composite
trading
.

One
doubter
is
George
Krug
COMMA
a
chemical-industry
analyst
at
Oppenheimer
&
Co.
and
a
bear
on
plastics
stocks
.

Quantum
described
the
payout
at
the
time
as
a
way
for
it
to
share
the
bonanza
with
its
holders
COMMA
because
its
stock
price
was
n't
reflecting
the
huge
profit
increases
.

The
rights
allow
shareholders
to
purchase
Quest
stock	PRED
at
a
discount
if
any
person
or
group
acquires
more
than
15
%	PRED
of
the
company	ARG1
's
common
stock	PRED
or
announces
a
tender
offer
.

The
rights
allow
shareholders
to
purchase
Quest
stock	PRED
at
a
discount
if
any
person
or
group
acquires
more
than
15
%	PRED
of
the
company	ARG1
's
common
stock	PRED
or
announces
a
tender
offer
.

The
company
said
it
planned
to
offer
an
undetermined
number	PRED
of
common	ARG1
shares	ARG1
in
exchange
for
the
585COMMA000
shares	PRED
of
its	ARG1
preferred
stock	PRED
outstanding
.

Amid
a
crowd	PRED
of
crashing	ARG1
stocks
COMMA
Relational
Technology
Inc.
's
stock
fell
particularly
hard
Friday
COMMA
dropping
23
%	PRED
because
its
problems
were
compounded
by
disclosure
of
an
unexpected
loss
for
its
fiscal	ARG1
first
quarter	PRED
.

``
People
wish
the
government
would
do
something
about
leveraged
buy-outs
COMMA
do
something
about
takeovers
COMMA
do
something
about
Donald
Trump
COMMA
''
said
Rand
Araskog
COMMA
chairman
of
ITT
Corp.
COMMA
whose
stock	PRED
dropped
$
3.375
.

CenTrust
Savings
Bank
said
federal
thrift
regulators
ordered
it
to
suspend
dividend
payments
on
its
two
classes
of
preferred
stock
COMMA
indicating
that
regulators
'
concerns
about
the
troubled
institution
have
heightened
.

Investors
--
taking
this
as
a
sign
that
a
broad
industry
slump
was
in
the
offing
--
reacted
by
selling
the
company
's
stock	PRED
COMMA
which
lost
$
3.25
that
day
to
close
at
$
52
in
national
over-the-counter
trading
.

The
announcement
caused
the
company
's
stock	PRED
to
surge
$
6.50
to
close
at
$
75.50
a
share
.

--
Close
a
loophole
regarding
employee
stock	PRED
ownership
plans
COMMA
effective
June
6
COMMA
1989
COMMA
that
has
been
exploited
by
investment
bankers
in
corporate
takeovers
.

The
measure
repeals
a
50
%
exclusion
given
to
banks
on
the
interest
from
loans
used
to
acquire
securities
for
an
ESOP
COMMA
if
the
ESOP
owns
less
than
30
%	PRED
of
the
employer	ARG1
's
stock
.

The
$
56
billion
California
Public
Employees
Retirement
System
COMMA
for
one
COMMA
added
$
1
billion
to
its
stock
portfolio
two
years
ago
.

She
and
her
husband
pulled
most
of
their
investments
out
of
the
market
after
the
1987
crash
COMMA
although
she
still
owns	SUPPORT
some
Texaco
stock	PRED
.

Stocks	PRED
of
utilities
held
up
relatively
better
than
other
market	ARG1
sectors	PRED
during
the
sell-off
.

But
COMMA
with
profits
sagging
on
Wall
Street
since
the
crash
COMMA
companies
have
kept
smaller
share
stockpiles
on
hand
.

Mayor
Lynn
Spruill
and
two
members	PRED
of
the
council
said
they
were
worried
about
setting
a
precedent
that
would
permit
pool
halls
along
Addison
's
main
street
.

Meanwhile
COMMA
analysts
said
Pfizer
's
recent
string	PRED
of
lackluster
quarterly
performances
continued
COMMA
as
earnings
in
the
quarter
were
expected
to
decline
by
about
5
%	PRED
.

In
recent
months
COMMA
a
string	PRED
of
cross-border	ARG1
mergers	ARG1
and
joint
ventures
have
reshaped
the
once-balkanized
world
of
European	ARG1
arms
manufacture
.

Of
course
COMMA
Mr.
Lantos
doth
protest
that
his
subcommittee	PRED
simply
seeks
information
for
legislative
change
.

He
's
right
about
his
subcommittee	PRED
's
responsibilities
when
it
comes
to
obtaining
information
from
prior
HUD
officials
.

The
consortium
was
put
together
by
Hoare
Govett
COMMA
the
London-based
investment
banking
company
that
is
a
subsidiary
of
Security
Pacific	ARG1
Corp
.

Kaufman
&
Broad
Home
Corp.
said
it
formed
a
$
53.4
million
limited
partnership
subsidiary
to
buy
land	ARG1
in
California
suitable
for
residential
development
.

Syms
Corp.
completed
the
sale
of
its
A.
Sulka
&
Co.
subsidiary	PRED
COMMA
a
men
's
luxury
haberdashery
COMMA
to
Luxco
Investments
.

Salomon
Brothers
International
Ltd.
COMMA
a
British
subsidiary	PRED
of
Salomon
Inc.
COMMA
announced
it
will
issue
warrants
on
shares
of
Hong
Kong
Telecommunications
Ltd
.

CityFed
added
that
significant
additional
loan-loss
provisions
may
be
required
by
federal
regulators
as
part	PRED
of
the
current
annual
examination
of
City
Federal
Savings
Bank
COMMA
CityFed
's
primary
subsidiary	PRED
COMMA
based
in
Somerset
COMMA
N.J
.

He
has
been
president
and
chief
executive
officer
of
Amperex
Electronics
Corp.
COMMA
a
division	PRED
of
North
American
Philips
Corp.
COMMA
itself
a
subsidiary	PRED
of
N.V
.
Philips
of
the
Netherlands
.

The
rating
concern
said
Franklin
's
``
troubled
diversification
record
in
the
securities
business
''
was
one
reason
for
the
downgrade
COMMA
citing
the
troubles
at
its
L.F.
Rothschild
subsidiary
and
the
possible
sale
of
other
subsidiaries
.

Compaq
Computer
Corp.
's
long-awaited
entry
today
into
the
notebook
field
is
expected
to
put
immediate
heat
on
others
in
the
market
COMMA
especially
Zenith
Electronics
Corp.
COMMA
the
current
market
leader
COMMA
and
on
a
swarm
of
promising
start-ups
.

And
it
is
embarking
on
an
expensive
gamble
to
break
major
stories
with
a
large
investigative-reporting
team	PRED
.

Mr.
Amos
says
the
Shaw-Crier
team
will
probably
do
two
live
interviews
a
day
COMMA
with
most
of
the
program
COMMA
at
least
for
now
COMMA
appearing
similar
to
CNN
's
other
newcasts
.

The
S&L
lawyers
were
encouraged
last
month
by
an
appellate-court
ruling
in
two
cases
brought
against
defunct
Sunbelt
Savings
&
Loan
Association
of
Dallas
by
the
developers
of
the
Valley
Ranch
COMMA
best
known
as
the
training
center
for
the
Dallas
Cowboys
football
team	PRED
.

Two-thirds
of
respondents	ARG1
said
they
strongly
felt
the
need
to
be
successful
in
their
jobs
COMMA
while
fewer
than
half
said
they
strongly
felt
the
need
to
spend
more
time
with
their
families
.

Although
they
represent
only
2
%	PRED
of
the
population	ARG1
COMMA
they
control
nearly
one-third	PRED
of
discretionary
income	ARG1
.

Mrs.
Crump
said
no
one
got
discouraged
COMMA
and
we
gained
that
back
--
and
more
.
''

Thousands	PRED
of
supporters	ARG1
COMMA
many
brandishing
flags
of
the
outlawed
African
National
Congress
COMMA
gave
the
anti-apartheid
activists
a
tumultuous
reception
upon
their
return
to
black
townships	ARG1
across
the
country
.

Thousands	PRED
of
residents	ARG1
of
low-lying
areas
were
ordered
to
evacuate
as
the
storm	ARG1
headed
north
in
the
Gulf
of
Mexico
with
80
mph
winds
.

The
Soviet
Union
reported
that
thousands
of
tons
of
goods
needed
to
ease
widespread
shortages
across
the
nation
were
piled
up
at
ports
and
rail
depots
COMMA
and
food
shipments
were
rotting
because
of
a
lack
of
people
and
equipment
to
move
the
cargo
.

``
There
was
n't
a
lot	PRED
of
volume	ARG1
because
it
was
just
impossible
to
get
stock
moved
COMMA
''
said
E.E.
``
Buzzy
''
Geduld
COMMA
president
of
Herzog
COMMA
Heine
COMMA
Geduld
COMMA
a
New
York
company
that
makes
markets
in
thousands	PRED
of
OTC
issues
.

In
the
recent
talks
COMMA
the
EC	ARG1
had
its
quota
increased
about
300COMMA000
tons
COMMA
to
7
%	PRED
of
the
U.S.
market	ARG1
from
6.7
%
in
1988
.

In
recent
years
COMMA
U.S.
steelmakers
have
supplied
about
80
%	PRED
of
the
100
million
tons
of
steel	ARG1
used
annually
by
the
nation
.

The
Soviet
Union
reported
that
thousands
of
tons
of
goods
needed
to
ease
widespread
shortages
across
the
nation
were
piled
up
at
ports
and
rail
depots
COMMA
and
food
shipments
were
rotting
because
of
a
lack
of
people
and
equipment
to
move
the
cargo
.

The
company
said
normal
seasonal
softness
and
lost
orders
caused
by
prolonged
labor
talks
reduced
shipments
by
200COMMA000
tons
in
the
latest
quarter
COMMA
compared
with
the
second
quarter
.

So
CNN
COMMA
a
unit	PRED
of
Atlanta-based
Turner
Broadcasting
System
Inc.
COMMA
is
trying
to
reposition
itself
as
a
primary
channel
COMMA
or
what
people
in
the
television
industry
call
a
``
top
of
mind
''
network
.

Ripples
from
the
strike
by
55COMMA000
Machinists	ARG1
union	PRED
members	PRED
against
Boeing
Co.
reached
air
carriers
Friday
as
America
West
Airlines
announced
it
will
postpone
its
new
service
out
of
Houston
because
of
delays
in
receiving
aircraft
from
the
Seattle
jet
maker
.

General
Motors
Corp.
COMMA
in
a
series	PRED
of
moves	ARG1
that
angered
union
officials
in
the
U.S.
and
Canada
COMMA
has
signaled
that
as
many
as
five
North
American
assembly
plants
may
not
survive
the
mid-1990s
as
the
corporation
struggles
to
cut
its
excess
vehicle-making
capacity
.

Against
that
backdrop
COMMA
UAW
Vice
President
Stephen
P.
Yokich
COMMA
who
recently
became
head
of
the
union
's
GM
department
COMMA
issued
a
statement
Friday
blasting
GM
's
``
flagrant
insensitivity
''
toward
union
members
.

GM
is
studying
whether
it
can
build
the
new
Camaro-Firebird
profitably
at
a
plant
in
St.
Therese
COMMA
Quebec
COMMA
company
and
union
officials
said
.

That
announcement
left
union
officials
in
Van
Nuys
and
Oklahoma
City
uncertain
about
their
futures
.

Union
officials
have
taken
a
beating
politically
as
a
result
.

--
United
Auto
Workers
Local
1069
COMMA
which
represents
3COMMA000
workers
at
Boeing
's
helicopter
unit	SUPPORT
in
Delaware
County
COMMA
Pa.
COMMA
said
it
agreed
to
extend
its
contract
on
a
day-by-day
basis
COMMA
with
a
10-day
notification
to
cancel
COMMA
while
it
continues
bargaining
.

Pratt
&
Whitney
is
a
unit	PRED
of
United
Technologies
Inc
.

C.S.
Richardson
COMMA
Atco
's
senior
vice
president
COMMA
finance
COMMA
said
its
50.1%-owned
Canadian
Utilities
Ltd.
unit
is
reviewing
cogeneration
projects
in
eastern
Canada
COMMA
and
conventional
electric
power
generating
plants
elsewhere
COMMA
including
Britain
COMMA
where
the
British
government
plans
to
allow
limited
competition
in
electrical
generation	ARG1
from
private-sector
suppliers
as
part	PRED
of
its
privatization
program
.

The
partnership
COMMA
Kaufman
&
Broad
Land
Development
Venture
Limited
Partnership
COMMA
is
a
50-50
joint
venture
with
a
trust
created
by
institutional
clients
of
Heitman
Advisory
Corp.
COMMA
a
unit	PRED
of
Heitman
Financial
Corp.
COMMA
a
real
estate
advisory
COMMA
management	ARG1
and
development
company
with
offices
in
Chicago
and
Beverly
Hills
COMMA
Calif
.

A
spokesman
for
Information
International
said
the
lawsuit
by
two
units	PRED
of
Morris
Communications
Corp.
seeks
restitution
of
the
system
's
about
$
3
million
purchase
price
and
cancellation
of
a
software
license
provided
by
the
Morris
units	PRED
to
Information
International
for
alleged
failure
to
pay
royalties
.

A
spokesman
for
Information
International
said
the
lawsuit
by
two
units	PRED
of
Morris
Communications
Corp.
seeks
restitution
of
the
system
's
about
$
3
million
purchase
price
and
cancellation
of
a
software
license
provided
by
the
Morris
units	PRED
to
Information
International
for
alleged
failure
to
pay
royalties
.

And
Carl
Spielvogel
COMMA
chief
executive
officer
of
Saatchi	ARG1
's
big
Backer
Spielvogel
Bates
advertising
unit	PRED
COMMA
said
he
had
offered
to
lead	SUPPORT
a
management
buy-out
of
the
company
COMMA
but
was
rebuffed
by
Charles
Saatchi
.

Analysts
said
that
Merck
&
Co.
COMMA
Eli
Lilly
&
Co.
COMMA
Warner-Lambert
Co.
and
the
Squibb
Corp.
unit	PRED
of
Bristol-Myers
Squibb	ARG1
Co.
all
benefited
from
strong
sales
of
relatively
new
COMMA
higher-priced
medicines
that
provide
wide
profit
margins
.

Gulf
Resources
earlier
this
year
proposed
a
reorganization
plan
that
would
make
it
a
unit
of
a
Bermuda
concern
COMMA
potentially
exempting
it
from
liability	ARG1
for
the
smelter
's
cleanup
costs
.

So
CNN
COMMA
a
unit	PRED
of
Atlanta-based
Turner
Broadcasting
System
Inc.
COMMA
is
trying
to
reposition
itself
as
a
primary
channel
COMMA
or
what
people
in
the
television
industry
call
a
``
top
of
mind
''
network
.

The
broken
purchase
appears
as
additional
evidence
of
trouble
at
Imperial
Corp.
COMMA
whose
spokesman
said
the
company
withdrew
its
application
from
the
federal
Office
of
Thrift
Supervision
because
of
an
informal
notice
that
Imperial
's
thrift
unit	PRED
failed
to
meet
Community
Reinvestment
Act
requirements
.

Mr.
Paul
said
the
regulators
should
instead
move
ahead
with
approving
CenTrust
's
request
to
sell
63
of
its	ARG1
71
branches	PRED
to
Great
Western
Bank
COMMA
a
unit	PRED
of
Great
Western
Financial	ARG1
Corp.
based
in
Beverly
Hills
COMMA
Calif
.

GEC
plans
first
to
study
Ferranti
's
financial
accounts
COMMA
which
auditors
recently
said
included
#
215
million
in
fictitious
contracts
at
a
U.S.
unit	PRED
COMMA
International
Signal
&
Control
Group
COMMA
with
which
Ferranti
merged
last
year
.

Just
last
week
they
announced
they
may
make
a
joint
bid
to
buy
Ferranti
International
Signal
PLC
COMMA
a
smaller
British
defense
contractor
rocked
by
alleged
accounting
fraud
at
a
U.S.
unit	PRED
.

The
service-center
business
was
hurt
by
reduced
margins
and
start-up
costs
associated
with
its
Joseph
T.
Ryerson
&
Son
unit
.

BULL
HN
INFORMATION
SYSTEMS
Inc.
is
a
U.S.
majority-owned
unit
of
Cie.
des
Machines
Bull
.

``
I
think
on
Monday
the
small
(
investors
)
are
going
to
panic
and
sell
COMMA
''
predicted
Mr.
Sullivan
COMMA
whose
investments
include
AMR
Corp.
's
American
Airlines
unit
and
several
mutual
funds
.

That
ca
n't
be
said
of
the
$
2COMMA400
notepad
computer
introduced
a
few
weeks
ago
by
GRiD
Systems
Corp.
COMMA
a
unit	PRED
of
Tandy	ARG1
.

The
Garden
City
COMMA
N.Y.
COMMA
car-rental
company
said
it
wo
n't
renew
contracts
with
NWA
Inc.
's
Northwest
Airlines
unit
COMMA
Pan
Am
Corp.
's
Pan
American
World
Airways
unit
and
Midway
Airlines
at
the
end
of
this
year
.

The
Garden
City
COMMA
N.Y.
COMMA
car-rental
company
said
it
wo
n't
renew
contracts
with
NWA
Inc.
's
Northwest
Airlines
unit
COMMA
Pan
Am
Corp.
's
Pan
American
World
Airways
unit
and
Midway
Airlines
at
the
end
of
this
year
.

But
it
remains
involved
in
programs
with
AMR
Corp.
's
American
Airlines
unit
and
Delta
Air
Lines
.

National
also
participates
in
the
Northwest
frequent-flier
program
along
with
four
other
airlines
COMMA
including
Delta
and
USAir
Group
Inc.
's
USAir	ARG1
unit	PRED
.

The
show
COMMA
despite
a
promising
start
COMMA
has
slipped
badly
in
the
weekly
ratings
as
compiled
by
A.C.
Nielsen
Co.
COMMA
finishing
far
below
``
Tonight
''
on
NBC
COMMA
a
unit	PRED
of
General
Electric	ARG1
Co.
COMMA
and
``
Nightline
''
on
ABC-TV
COMMA
a
unit	PRED
of
Capital
Cities/ABC	ARG1
Inc
.

The
show
COMMA
despite
a
promising
start
COMMA
has
slipped
badly
in
the
weekly
ratings
as
compiled
by
A.C.
Nielsen
Co.
COMMA
finishing
far
below
``
Tonight
''
on
NBC
COMMA
a
unit	PRED
of
General
Electric	ARG1
Co.
COMMA
and
``
Nightline
''
on
ABC-TV
COMMA
a
unit	PRED
of
Capital
Cities/ABC	ARG1
Inc
.

A
Boeing
spokeswoman
said
a
delivery
date
for
the
planes
is
still
being
worked
out
``
for
a
variety	PRED
of
reasons	ARG1
COMMA
but
not
because
of
the
strike
.
''

Senate
Republicans
expressed
the
hope
that
the
House
would
follow
the
lead
of
the
Senate
COMMA
which
on
Friday
agreed
to
drop
a
variety	PRED
of
spending	ARG1
measures	ARG1
and
tax
breaks
that
would
have
increased
the
fiscal
1990
deficit
.

Responding
to
that
demand
COMMA
however
COMMA
has
led
to
a
variety	PRED
of
compromises	ARG1
.

Nevertheless
COMMA
Tandem
faces
a
variety	PRED
of
challenges	ARG1
COMMA
the
biggest
being
that
customers
generally
view
the
company
's
computers
as
complementary
to
IBM
's
mainframes
.

Selling
snowballed
because
of
waves
of
automatic
``
stop-loss
''
orders
COMMA
which
are
triggered
by
computer
when
prices
fall
to
certain
levels
.

After
the
trading
halt
in
the
S&P
500
pit
in
Chicago
COMMA
waves	PRED
of
selling
continued
to
hit
stocks
themselves
on
the
Big
Board
COMMA
and
specialists
continued
to
notch
prices
down
.

As
small
investors
peppered
their
mutual
funds
with
phone
calls
over
the
weekend
COMMA
big
fund
managers
said
they
have
a
strong
defense
against
any
wave	PRED
of
withdrawals
:
cash
.

Last
summer
was
notable
for
a
heat
wave	PRED
and
drought
that
caused
utilities
to
burn
more
natural
gas	PRED
to
feed
increased
electrical
demand
from
air
conditioning
use
.

The
government
sold
the
deposits
of
four
savings-and-loan	ARG1
institutions	PRED
COMMA
in
its
first
wave	PRED
of
sales	ARG1
of
big
COMMA
sick
thrifts	ARG1
COMMA
but
low
bids
prevented
the
sale
of
a
fifth
.

Not
really
insurance
COMMA
this
tactic
was
designed
to
soften
the
blow
of
declining
stock
prices
and
generate
an
offsetting
profit
by
selling
waves	PRED
of
S&P
futures
contracts
.

Its
watchers
are
COMMA
on
the
whole
COMMA
a
disloyal
group	PRED
of
channel-zapping
``
grazers
''
and
news
junkies
COMMA
who
spend
an
average
of
just
26
minutes
a
day
watching
CNN
COMMA
according
to
audience
research
.

A
celebrity
guest
COMMA
U.S.
Ambassador
to
West
Germany
Richard
Burt
COMMA
also
won
a
bet
that
someone
could
pile
up
$
150
worth
of
quarters
on
a
slanted
coin
.