( S ( NP-SBJ ( NP ( NP ( DT The ) ( NN company ) ( POS 's ) ) ( NNS earnings ) ) ( PP-TMP ( IN before ) ( NP ( NN interest ) ( NNS taxes ) ( CC and ) ( NN depreciation ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( NP-SBJ ( NNS bondholders ) ) ( VP ( VBP use ) ) ) ) ( NP ( NP ( DT a ) ( NN measurement ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN chain ) ( POS 's ) ) ( NN ability ) ( S ( VP ( TO to ) ( VP ( VB pay ) ( NP ( PRP$ its ) ( VBG existing ) ( NN debt ) ) ) ) ) ) ) ) ) ( VP ( VBD increased ) ( NP-EXT ( CD 11 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( JJ fiscal ) ( CD 1989 ) ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 926.1 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 833.6 ) ( CD million ) ) ) ) ) )

The company 's earnings before interest taxes and depreciation which bondholders use a measurement of the chain 's ability to pay its existing debt increased 11 % in fiscal 1989 to 926.1 million from 833.6 million


( S ( NP-SBJ ( DT The ) ( ADJP ( QP ( CD 833.6 ) ( CD million ) ) ) ( NNS figures ) ) ( VP ( VBZ includes ) ( NP ( DT the ) ( JJ new ) ( NNS acquisitions ) ) ) )

The 833.6 million figures includes the new acquisitions


( S ( PP ( VBG Excluding ) ( NP ( DT those ) ( NNS businesses ) ) ) ( NP-SBJ ( NP ( NNS earnings ) ) ( PP-TMP ( IN before ) ( NP ( NN interest ) ( NNS taxes ) ( CC and ) ( NN depreciation ) ) ) ( PP ( IN for ) ( NP ( CD 1988 ) ) ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN been ) ( NP-PRD ( QP ( CD 728.5 ) ( CD million ) ) ) ) ) ) )

Excluding those businesses earnings before interest taxes and depreciation for 1988 would have been 728.5 million


( S ( PP-TMP ( IN As ) ( PP ( IN of ) ( NP ( NNP Feb. ) ( CD 1 ) ( CD 1990 ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Bullocks ) ( NNP Wilshire ) ( NNS stores ) ) ( VP ( MD will ) ( VP ( VB operate ) ( PP-CLR ( IN as ) ( NP ( NNP I. ) ( NNP Magnin ) ( NNS stores ) ) ) ) ) )

As of Feb. 1 1990 the Bullocks Wilshire stores will operate as I. Magnin stores


( S ( ADVP ( RB Altogether ) ) ( NP-SBJ ( NP ( NNP Macy ) ) ( CC and ) ( NP ( PRP$ its ) ( NNS subsidiaries ) ) ) ( VP ( VBP own ) ( CC or ) ( VBP lease ) ( NP ( NP ( CD 149 ) ( NN department ) ( NNS stores ) ) ( CC and ) ( NP ( CD 61 ) ( NN specialty ) ( NNS stores ) ) ) ( ADVP-LOC ( JJ nationwide ) ) ) )

Altogether Macy and its subsidiaries own or lease 149 department stores and 61 specialty stores nationwide


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( NN management ) ) ( VP ( VBD led ) ( NP ( NP ( DT a ) ( JJ leveraged ) ( NN buy-out ) ) ( PP ( IN of ) ( NP ( NNP R.H. ) ( NNP Macy ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ( CD 1986 ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBZ makes ) ( NP ( JJ financial ) ( NNS filings ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( PRP$ its ) ( ADJP ( RB publicly ) ( VBN traded ) ) ( NN debt ) ) ) ) )

Although management led a leveraged buy-out of R.H. Macy in July 1986 the company still makes financial filings because of its publicly traded debt


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBZ estimates ) ( NP ( PRP$ its ) ( JJ total ) ( NN debt ) ) ( PP-CLR ( IN at ) ( NP ( QP ( IN about ) ( CD 5.2 ) ( CD billion ) ) ) ) ) )

The company estimates its total debt at about 5.2 billion


( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ includes ) ( NP ( NP ( NP ( QP ( CD 4.6 ) ( CD billion ) ) ) ( PP ( IN of ) ( NP ( JJ long-term ) ( NN debt ) ) ) ) ( NP ( NP ( QP ( CD 457.5 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( JJ short-term ) ( NN debt ) ) ) ) ( CC and ) ( NP ( NP ( QP ( CD 95.7 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ current ) ( NN portion ) ) ( PP ( IN of ) ( NP ( JJ long-term ) ( NN debt ) ) ) ) ) ) ) ) )

This includes 4.6 billion of long-term debt 457.5 million in short-term debt and 95.7 million of the current portion of long-term debt


( S ( PP-LOC ( IN In ) ( NP ( NP ( DT a ) ( NN letter ) ) ( PP ( TO to ) ( NP ( NNS investors ) ) ) ) ) ( NP-SBJ ( NNP Chairman ) ( NNP Edward ) ( NNP S. ) ( NNP Finkelstein ) ) ( VP ( VBD wrote ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ expects ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( TO to ) ( VP ( VB benefit ) ( PP-CLR ( IN from ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN disruption ) ) ( VP ( VBN faced ) ( PP ( IN by ) ( NP-LGS ( PRP$ our ) ( NNS competitors ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In a letter to investors Chairman Edward S. Finkelstein wrote that he expects the company to benefit from some of the disruption faced by our competitors


( S ( SBAR-ADV ( IN While ) ( S ( NP-SBJ-1 ( PRP$ our ) ( NNS competitors ) ) ( VP ( VBP are ) ( VP ( VBN concerned ) ( PP-CLR ( IN with ) ( NP ( NP ( PRP$ their ) ( JJ financial ) ( NN viability ) ) ( CC and ) ( NP ( JJ possible ) ( NN ownership ) ( NNS changes ) ) ) ) ) ) ) ) ( NP-SBJ-3 ( PRP we ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBG concentrating ) ( PP-CLR ( IN on ) ( S-NOM ( VP ( VBG buying ) ( CC and ) ( VBG selling ) ( NP ( NP ( NN merchandise ) ) ( SBAR ( S ( NP-SBJ ( PRP$ our ) ( NNS customers ) ) ( VP ( VBP need ) ( CC and ) ( VBP want ) ) ) ) ) ) ) ) ) ) ) )

While our competitors are concerned with their financial viability and possible ownership changes we will be concentrating on buying and selling merchandise our customers need and want


( S ( NP-SBJ ( NNP Mr. ) ( NNP Finkelstein ) ) ( VP ( VBZ is ) ( ADVP ( RB apparently ) ) ( VP ( VBG referring ) ( PP-CLR ( TO to ) ( NP ( NP ( NP ( NP ( NNP B. ) ( NNP Altman ) ) ( CC and ) ( NP ( NNP Bonwit ) ( NNP Teller ) ) ) ( NP ( NP ( CD two ) ( NNP New ) ( NNP York ) ( NNS retailers ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP have ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBN filed ) ( PP-CLR ( IN for ) ( NP ( NN Chapter ) ( CD 11 ) ( NN bankruptcy ) ( NN protection ) ) ) ) ) ) ) ) ) ( CONJP ( RB as ) ( RB well ) ( IN as ) ) ( NP ( NP ( DT the ) ( JJ retail ) ( NNS chains ) ) ( VP ( VBN owned ) ( PP ( IN by ) ( NP-SBJ ( ADJP ( RB financially ) ( JJ troubled ) ) ( NNP Campeau ) ( NNP Corp ) ) ) ) ) ) ) ) ) )

Mr. Finkelstein is apparently referring to B. Altman and Bonwit Teller two New York retailers that have recently filed for Chapter 11 bankruptcy protection as well as the retail chains owned by financially troubled Campeau Corp


( S ( NP-SBJ ( DT Those ) ( NNS chains ) ) ( VP ( VBP include ) ( NP ( NP ( NNP Bloomingdale ) ( POS 's ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( NP-SBJ ( NNP Campeau ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB sell ) ) ) ) ) ) ) ) ) ) )

Those chains include Bloomingdale 's which Campeau recently said it will sell


( S ( NP-SBJ ( NP ( JJ Other ) ( JJ retail ) ( NNS properties ) ) ( PP ( IN for ) ( NP ( NN sale ) ) ) ) ( VP ( VBP include ) ( NP ( NP ( NP ( NNP Saks ) ( NNP Fifth ) ( NNP Avenue ) ) ( CC and ) ( NP ( NNP Marshall ) ( NNP Field ) ) ) ( NP ( NP ( NNS retailers ) ) ( VP ( ADVP-TMP ( RB now ) ) ( VBN owned ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP B.A.T ) ( NNP PLC ) ) ( NP ( DT the ) ( JJ British ) ( NN tobacco ) ( NN conglomerate ) ) ) ) ) ) ) ) )

Other retail properties for sale include Saks Fifth Avenue and Marshall Field retailers now owned by B.A.T PLC the British tobacco conglomerate


( S ( PP-LOC ( IN In ) ( NP ( PRP$ his ) ( NN letter ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Finkelstein ) ) ( ADVP ( RB also ) ) ( VP ( VBD referred ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( JJ recent ) ( NNP San ) ( NNP Francisco ) ( NN earthquake ) ) ) ) )

In his letter Mr. Finkelstein also referred to the recent San Francisco earthquake


( S ( NP-SBJ ( NNP Mr. ) ( NNP Finkelstein ) ) ( VP ( VP ( VBD flew ) ( PP-DIR ( TO to ) ( NP ( NNP San ) ( NNP Francisco ) ) ) ( NP-TMP ( NP ( DT the ) ( NN day ) ) ( PP-TMP ( IN after ) ( NP ( DT the ) ( NN earthquake ) ) ) ) ) ( CC and ) ( VP ( VBD found ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( QP ( CD 10 ) ( TO to ) ( CD 12 ) ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( NN company ) ( POS 's ) ) ( NNS stores ) ) ) ) ( VP ( VBD had ) ( VP ( VBN sustained ) ( NP ( DT some ) ( NN damage ) ) ( PP ( VBG including ) ( NP ( NP ( DT the ) ( NN breakage ) ) ( PP ( IN of ) ( NP ( JJS most ) ( NNS windows ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NNP I. ) ( NNP Magnin ) ( NN store ) ) ( PP-LOC ( IN on ) ( NP ( NNP Union ) ( NNP Square ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Finkelstein flew to San Francisco the day after the earthquake and found that 10 to 12 of his company 's stores had sustained some damage including the breakage of most windows at the I. Magnin store on Union Square


( SINV ( S-TPC-2 ( S ( NP-SBJ ( NP ( DT The ) ( NN volume ) ( CC and ) ( NN profit ) ( NN impact ) ) ( PP ( IN on ) ( NP ( PRP$ our ) ( JJ fiscal ) ( JJ first ) ( NN quarter ) ) ) ) ( VP ( MD will ) ( RB not ) ( VP ( VB be ) ( ADJP-PRD ( JJ positive ) ) ) ) ) ( CC but ) ( S ( S-ADV ( VP ( VBG looking ) ( PP-CLR ( IN at ) ( NP ( DT the ) ( JJ whole ) ( JJ fiscal ) ( NN year ) ) ) ) ) ( NP-SBJ-1 ( PRP we ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB see ) ( NP ( DT the ) ( NN effect ) ) ( PP-CLR ( IN as ) ( NP ( NN material ) ) ) ) ) ) ) ( VP ( VBD wrote ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Finkelstein ) ) )

The volume and profit impact on our fiscal first quarter will not be positive but looking at the whole fiscal year we do n't see the effect as material wrote Mr. Finkelstein


( S ( NP-SBJ ( NNP Chamberlain ) ( NNP Manufacturing ) ( NNP Corp. ) ) ( VP ( VBD won ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 25.8 ) ( CD million ) ) ) ( NNP Army ) ( NN contract ) ) ( PP ( IN for ) ( NP ( CD 155mm ) ( NN artillery ) ( NN shell ) ( NNS casings ) ) ) ) ) )

Chamberlain Manufacturing Corp. won a 25.8 million Army contract for 155mm artillery shell casings


( S ( NP-SBJ ( NNP Avondale ) ( NNPS Industries ) ( NNP Inc. ) ) ( VP ( VBD received ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 13.5 ) ( CD million ) ) ) ( NNP Navy ) ( NN contract ) ) ( PP ( IN for ) ( NP ( NN ship ) ( JJ spare ) ( NNS parts ) ) ) ) ) )

Avondale Industries Inc. received a 13.5 million Navy contract for ship spare parts


( S ( S-ADV ( ADJP-PRD ( VBN Upset ) ( PP ( IN over ) ( NP ( NP ( DT the ) ( NN use ) ) ( PP ( IN of ) ( SBAR-NOM ( WHNP-2 ( WP what ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ says ) ( SBAR ( S ( VP ( VBP are ) ( NP-PRD ( PRP$ its ) ( JJ exclusive ) ( NNS trademarks ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNP Hells ) ( NNP Angels ) ( NNP Motorcycle ) ( NNP Corp. ) ) ( VP ( VBZ is ) ( VP ( VBG fighting ) ( ADVP-CLR ( RB back ) ) ( PP-LOC ( IN in ) ( NP ( NN court ) ) ) ) ) )

Upset over the use of what it says are its exclusive trademarks Hells Angels Motorcycle Corp. is fighting back in court


( S ( S-TPC-1 ( NP-SBJ ( NP ( NNP Concord ) ( NNP New ) ( NNP Horizons ) ( NNP Corp. ) ) ( NP ( NP ( NNS creators ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( CD 1988 ) ( NN movie ) ) ( VP ( VBN called ) ( S ( NP-TTL-PRD ( NNP Nam ) ( NNPS Angels ) ) ) ) ) ) ) ) ( VP ( VBD used ) ( NP ( NP ( DT the ) ( NN gang ) ( POS 's ) ) ( NN name ) ( CC and ) ( NNS trademarks ) ) ( PP ( IN without ) ( NP ( NN authorization ) ) ) ) ) ( NP-SBJ ( DT the ) ( JJ not-for-profit ) ( NN corporation ) ) ( VP ( VBZ says ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN complaint ) ) ( VP ( VBN filed ) ( PP-LOC-CLR ( IN in ) ( NP ( JJ federal ) ( NN court ) ) ) ) ) ) ) )

Concord New Horizons Corp. creators of a 1988 movie called Nam Angels used the gang 's name and trademarks without authorization the not-for-profit corporation says in a complaint filed in federal court


( S ( NP-TTL-SBJ ( NNP Nam ) ( NNPS Angels ) ) ( VP ( VBZ depicts ) ( NP ( NP ( DT a ) ( NN group ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN cycle ) ( NN gang ) ( POS 's ) ) ( NNS members ) ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT a ) ( JJ mercenary ) ( NN mission ) ) ( PP ( TO to ) ( NP ( NNP Viet ) ( NNP Nam ) ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NN war ) ( NNS years ) ) ) ) ) ) ) )

Nam Angels depicts a group of the cycle gang 's members on a mercenary mission to Viet Nam during the war years


( S ( S-TPC-3 ( PP ( IN In ) ( NP ( NP ( NN addition ) ) ( PP ( TO to ) ( S-NOM ( VP ( VBG being ) ( VP ( VBN broadcast ) ( PP-LOC-CLR ( IN on ) ( NP ( NN cable ) ( NN television ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( DT the ) ( NN movie ) ) ( ADVP ( RB also ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN distributed ) ( PP-LOC-CLR ( IN on ) ( NP ( NNS videocassettes ) ) ) ) ) ) ) ( NP-SBJ-4 ( DT the ) ( NN suit ) ) ( VP ( VBZ alleges ) ( PP-LOC ( IN in ) ( S-NOM ( VP ( VBG seeking ) ( NP ( JJ unspecified ) ( NNS damages ) ) ) ) ) ) )

In addition to being broadcast on cable television the movie also is being distributed on videocassettes the suit alleges in seeking unspecified damages


( SINV ( RB Also ) ( VP-TPC-1 ( VBN named ) ( PP-LOC-CLR ( IN in ) ( NP ( DT the ) ( NN suit ) ) ) ) ( VP ( VBZ is ) ) ( NP-SBJ-2 ( NP ( NP ( NNP Media ) ( NNP Home ) ( NNP Entertainment ) ( NNP Inc. ) ) ( PP ( IN of ) ( NP ( NP ( NNP Culver ) ( NNP City ) ) ( NP-LOC ( NNP Calif. ) ) ) ) ) ( NP ( NP ( PRP$ its ) ( NN parent ) ) ( NP ( NNP Heron ) ( NNPS Communications ) ( NNP Inc. ) ) ) ( CC and ) ( NP ( NP ( NNP Broadstar ) ( NNP Television ) ) ( PP ( IN of ) ( NP ( NNP Los ) ( NNP Angeles ) ) ) ( NP ( NP ( NNS holders ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN copyright ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN movie ) ) ) ) ) ) ) ) )

Also named in the suit is Media Home Entertainment Inc. of Culver City Calif. its parent Heron Communications Inc. and Broadstar Television of Los Angeles holders of the copyright on the movie


( S ( NP-SBJ-1 ( DT A ) ( NNP Concord ) ( NN spokeswoman ) ) ( VP ( VP ( VBD called ) ( S ( NP-SBJ ( DT the ) ( NN suit ) ) ( ADJP-PRD ( JJ unfounded ) ) ) ) ( CC but ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB comment ) ( ADVP-MNR ( RB further ) ) ) ) ) ) ) )

A Concord spokeswoman called the suit unfounded but declined to comment further


( S ( PP ( IN Besides ) ( S-NOM ( VP ( VBG being ) ( ADJP-PRD ( VBN upset ) ( PP ( IN with ) ( NP ( NP ( NP ( DT the ) ( NN film ) ( POS 's ) ) ( NN use ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Hells ) ( NNPS Angels ) ( NN name ) ( CC and ) ( NNS logos ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NNPS Angels ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ angry ) ( PP ( IN with ) ( NP ( NP ( PRP$ their ) ( NN depiction ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN movie ) ) ) ) ) ) ) )

Besides being upset with the film 's use of the Hells Angels name and logos the Angels are angry with their depiction in the movie


( SINV ( S-TPC-1 ( NP-SBJ ( EX There ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( RB absolutely ) ( DT no ) ( NN way ) ) ( SBAR ( S ( NP-SBJ ( PRP$ our ) ( NN board ) ( CC or ) ( NN membership ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN approved ) ( NP ( NP ( DT the ) ( NN portrayal ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Hells ) ( NNPS Angels ) ) ) ( PP-LOC ( IN in ) ( NP ( DT this ) ( NN movie ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP George ) ( NNP Christie ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN club ) ( POS 's ) ) ( NNP Ventura ) ( NN chapter ) ) ) ) ) )

There is absolutely no way our board or membership would have approved the portrayal of the Hells Angels in this movie said George Christie president of the club 's Ventura chapter


( S ( NP-SBJ ( NP ( NN Portrayal ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( NNS members ) ) ) ( PP ( IN as ) ( ADJP ( JJ disloyal ) ( PP ( TO to ) ( NP ( DT each ) ( JJ other ) ) ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RB totally ) ( JJ contrary ) ( PP ( TO to ) ( NP ( NP ( NP ( DT the ) ( RBS most ) ( JJ important ) ( NNS values ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( NN organization ) ) ) ) ( NP ( NN loyalty ) ( CC and ) ( NN trust ) ) ) ) ) ) )

Portrayal of our members as disloyal to each other is totally contrary to the most important values of our organization loyalty and trust


( S ( NP-TTL-SBJ ( NNP Nam ) ( NNPS Angels ) ) ( VP ( VP ( VBZ shows ) ( S ( NP-SBJ ( NNPS Angels ) ) ( VP ( VBG fighting ) ( PP-CLR ( IN with ) ( NP ( DT each ) ( JJ other ) ) ) ) ) ) ( CC and ) ( VP ( ADVP ( RB also ) ) ( VBZ depicts ) ( NP-3 ( PRP them ) ) ( PP-CLR ( IN as ) ( S-NOM ( VP ( VBG showing ) ( NP ( DT no ) ( NN remorse ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ-1 ( DT a ) ( NN member ) ) ( VP ( VBZ is ) ( VP ( VBN killed ) ) ) ) ) ) ) ) ) ) )

Nam Angels shows Angels fighting with each other and also depicts them as showing no remorse when a member is killed


( S ( S-TPC-1 ( NP-SBJ ( NP ( DT Both ) ) ( PP ( IN of ) ( NP ( DT these ) ( NNS actions ) ) ) ) ( VP ( VBP are ) ( RB n't ) ( ADJP-PRD ( JJ characteristic ) ( PP ( IN of ) ( NP ( JJ real ) ( NNP Hells ) ( NNPS Angels ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Christie ) ) ( VP ( VBD said ) ) )

Both of these actions are n't characteristic of real Hells Angels Mr. Christie said


( S ( NP-SBJ-1 ( NNP Hells ) ( NNPS Angels ) ) ( VP ( VBD was ) ( VP ( VP ( VBN formed ) ( PP-TMP ( IN in ) ( NP ( CD 1948 ) ) ) ) ( CC and ) ( VP ( VBN incorporated ) ( PP-TMP ( IN in ) ( NP ( CD 1966 ) ) ) ) ) ) )

Hells Angels was formed in 1948 and incorporated in 1966


( S ( PP ( IN In ) ( NP ( NP ( NN addition ) ) ( PP ( TO to ) ( NP ( NP ( CD 26 ) ( NNS chapters ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( CD 40 ) ( NNS chapters ) ) ( PP-LOC ( IN in ) ( NP ( JJ foreign ) ( NNS countries ) ) ) ) ) )

In addition to 26 chapters in the U.S. there are 40 chapters in foreign countries


( S ( NP-SBJ ( NP ( CD Two ) ( JJ rival ) ( NNS bidders ) ) ( PP ( IN for ) ( NP ( NNP Connaught ) ( NNPS BioSciences ) ) ) ) ( VP ( VBD extended ) ( NP ( PRP$ their ) ( NNS offers ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( DT the ) ( JJ Toronto-based ) ( NN vaccine ) ( NN manufacturer ) ) ) ) ) ) ( NP-TMP ( NNP Friday ) ) ) )

Two rival bidders for Connaught BioSciences extended their offers to acquire the Toronto-based vaccine manufacturer Friday


( S ( NP-SBJ ( NP ( NNP Institut ) ( NNP Merieux ) ( NNP S.A. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD offered ) ( NP ( NP ( NP ( QP ( CD 942 ) ( CD million ) ) ( JJ Canadian ) ( NNS dollars ) ) ( PRN ( NP ( QP ( CD 801.2 ) ( CD million ) ) ) ) ) ( CC or ) ( NP ( NP ( CD 37 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NNP Connaught ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB extend ) ( NP ( NP ( PRP$ its ) ( NN bid ) ) ( ADJP ( JJ due ) ( S ( VP ( TO to ) ( VP ( VB expire ) ( NP-TMP ( JJ last ) ( NNP Thursday ) ) ) ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NNP Nov. ) ( CD 6 ) ) ) ) ) ) ) ) )

Institut Merieux S.A. which offered 942 million Canadian dollars 801.2 million or 37 a share for Connaught said it would extend its bid due to expire last Thursday to Nov. 6


( S ( NP-SBJ-1 ( NP ( DT A ) ( ADJP ( JJ 30-a-share ) ) ( NN bid ) ) ( PP ( IN by ) ( NP ( NP ( NP ( NNP Ciba-Geigy ) ( NNP Ltd. ) ) ( NP ( NP ( DT a ) ( JJ pharmaceutical ) ( NN company ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Basel ) ) ( NP ( NNP Switzerland ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( JJ California-based ) ( NNP Chiron ) ( NNP Corp. ) ) ( NP ( DT a ) ( NN bioresearch ) ( NN concern ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN extended ) ( PP-CLR ( TO to ) ( NP ( NNP Nov. ) ( CD 16 ) ) ) ) ) )

A 30-a-share bid by Ciba-Geigy Ltd. a pharmaceutical company based in Basel Switzerland and California-based Chiron Corp. a bioresearch concern was extended to Nov. 16


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( ADJP-PRD ( JJ due ) ( S ( VP ( TO to ) ( VP ( VB expire ) ( NP-TMP ( NNP Friday ) ( NN evening ) ) ) ) ) ) ) ) )

It had been due to expire Friday evening


( S ( NP-SBJ ( NNP Merieux ) ) ( ADVP-TMP ( RB previously ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB ensure ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( NN bid ) ) ( VP ( VBD remained ) ( ADJP-PRD ( JJ open ) ) ( PP ( VBG pending ) ( NP ( NP ( DT a ) ( JJ final ) ( NN decision ) ) ( PP ( IN by ) ( NP ( JJ Canadian ) ( NNS regulators ) ) ) ( PP ( IN on ) ( SBAR ( IN whether ) ( S ( VP ( TO to ) ( VP ( VB approve ) ( NP ( DT the ) ( NN takeover ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Merieux previously said it would ensure its bid remained open pending a final decision by Canadian regulators on whether to approve the takeover


( S ( NP-SBJ-1 ( NP ( NNP Merieux ) ) ( NP ( NP ( DT a ) ( NN vaccine ) ( CC and ) ( NN bioresearch ) ( NN firm ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Lyon ) ) ( NP ( NNP France ) ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN controlled ) ( NP-ADV ( CD 50.1 ) ( NN % ) ) ( PP ( IN by ) ( NP-LGS ( JJ state-owned ) ( NNP Rhone ) ( NNP Poulenc ) ( NNP S.A ) ) ) ) ) )

Merieux a vaccine and bioresearch firm based in Lyon France is controlled 50.1 % by state-owned Rhone Poulenc S.A


( S ( NP-SBJ ( DT The ) ( JJ Canadian ) ( NN government ) ) ( ADVP-TMP ( RB previously ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( NP ( NNP Merieux ) ( POS 's ) ) ( NN bid ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VP ( VB offer ) ( NP ( RB enough ) ( JJ net ) ( NN benefit ) ) ( PP-CLR ( TO to ) ( NP ( NNP Canada ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN approved ) ) ) ) ) ) ( CC and ) ( VP ( VBD gave ) ( NP-3 ( NNP Merieux ) ) ( NP ( DT an ) ( X ( IN until ) ( NNP mid-November ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB submit ) ( NP ( JJ additional ) ( NN information ) ) ) ) ) ) ) ) ) ) ) )

The Canadian government previously said Merieux 's bid did n't offer enough net benefit to Canada to be approved and gave Merieux an until mid-November to submit additional information


( S ( NP-SBJ ( NNP Merieux ) ( NNS officials ) ) ( VP ( VBD said ) ( NP-TMP ( JJ last ) ( NN week ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP are ) ( ADJP-PRD ( RB highly ) ( JJ confident ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN offer ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN approved ) ( SBAR-TMP ( IN once ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ submits ) ( NP ( NP ( NNS details ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( VBN proposed ) ( NNS investments ) ) ) ) ( PP-CLR ( TO to ) ( NP ( JJ federal ) ( NNS regulators ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Merieux officials said last week that they are highly confident the offer will be approved once it submits details of its proposed investments to federal regulators


( S ( NP-SBJ ( DT Both ) ( NNS offers ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ conditional ) ( PP ( IN on ) ( NP ( NP ( JJ regulatory ) ( NNS approvals ) ) ( CC and ) ( S-NOM ( NP-SBJ ( JJ enough ) ( NNS shares ) ) ( VP ( VBG being ) ( VP ( VBN tendered ) ( S-PRP ( VP ( TO to ) ( VP ( VB give ) ( NP ( DT the ) ( NNS bidders ) ) ( NP ( NP ( DT a ) ( NN majority ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Connaught ) ( POS 's ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Both offers are conditional on regulatory approvals and enough shares being tendered to give the bidders a majority of Connaught 's shares outstanding


( S ( NP-SBJ ( NP ( NNP Institut ) ( NNP Merieux ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( ADVP-TMP ( RB already ) ) ( VP ( VBZ holds ) ( NP ( NP ( DT a ) ( ADJP ( CD 12.5 ) ( NN % ) ) ( NN stake ) ) ( PP ( IN in ) ( NP ( NNP Connaught ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN close ) ) ( PP ( IN of ) ( NP ( NN business ) ) ) ) ) ( NP-TMP ( NNP Thursday ) ) ( NP-SBJ-2 ( NP ( NP ( CD 5,745,188 ) ( NNS shares ) ) ( PP ( IN of ) ( NP ( NNP Connaught ) ) ) ) ( CC and ) ( NP ( NP ( ADJP ( QP ( CD 44.3 ) ( CD million ) ) ) ( NN face ) ( NN amount ) ) ( PP ( IN of ) ( NP ( NNS debentures ) ) ) ( ADJP ( JJ convertible ) ( PP ( IN into ) ( NP ( CD 1,826,596 ) ( JJ common ) ( NNS shares ) ) ) ) ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN tendered ) ( PP-CLR ( TO to ) ( NP ( PRP$ its ) ( NN offer ) ) ) ) ) ) ) ) ) )

Institut Merieux which already holds a 12.5 % stake in Connaught said that at the close of business Thursday 5,745,188 shares of Connaught and 44.3 million face amount of debentures convertible into 1,826,596 common shares had been tendered to its offer


( S ( PP-TMP ( IN At ) ( NP ( NP ( DT the ) ( NN close ) ) ( PP ( IN of ) ( NP ( NN business ) ) ) ) ) ( NP-TMP ( NNP Thursday ) ) ( NP-SBJ ( NNP Ciba-Geigy ) ( CC and ) ( NNP Chiron ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( CD 11,580 ) ( JJ common ) ( NNS shares ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN tendered ) ( PP-CLR ( TO to ) ( NP ( PRP$ their ) ( NN offer ) ) ) ) ) ) ) ) ) )

At the close of business Thursday Ciba-Geigy and Chiron said 11,580 common shares had been tendered to their offer


( S ( PP-TMP ( IN At ) ( NP ( JJ last ) ( NN report ) ) ) ( NP-SBJ ( NNP Connaught ) ) ( VP ( VBD had ) ( NP ( NP ( QP ( CD 21.8 ) ( CD million ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) )

At last report Connaught had 21.8 million shares outstanding


( S ( ADVP ( RB Separately ) ) ( NP-SBJ ( DT the ) ( NNP Ontario ) ( NNP Supreme ) ( NNP Court ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB postpone ) ( ADVP-TMP ( RB indefinitely ) ) ( NP ( NP ( DT a ) ( NN ruling ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN lawsuit ) ) ( VP ( VBN launched ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NNP University ) ) ( PP ( IN of ) ( NP ( NNP Toronto ) ) ) ) ) ( PP-CLR ( IN against ) ( NP ( NNP Connaught ) ) ) ( PP ( IN in ) ( NP ( NP ( NN connection ) ) ( PP ( IN with ) ( NP ( DT the ) ( NNP Merieux ) ( NN bid ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Separately the Ontario Supreme Court said it will postpone indefinitely a ruling on the lawsuit launched by the University of Toronto against Connaught in connection with the Merieux bid


( S ( PP-LOC ( IN In ) ( NP ( NP ( DT a ) ( NN statement ) ) ( VP ( VBN prepared ) ( PP ( IN by ) ( NP-LGS ( NNS lawyers ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( DT the ) ( NN university ) ) ( CC and ) ( NP ( NNP Connaught ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNS parties ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD agreed ) ( SBAR ( IN that ) ( S ( PP-PRP ( IN as ) ( NP ( NP ( DT a ) ( NN result ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG reaching ) ( NP ( DT a ) ( ADJP ( QP ( CD 415 ) ( CD million ) ) ) ( NN research ) ( NN accord ) ) ) ) ) ) ) ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ unnecessary ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VB be ) ( NP-PRD ( NP ( DT a ) ( NN judgment ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NNS merits ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN case ) ) ) ) ) ) ( PP-TMP ( IN at ) ( NP ( DT this ) ( NN time ) ) ) ) ) ) ) ) ) ) ) ) ) )

In a statement prepared by lawyers for the university and Connaught the parties said they agreed that as a result of reaching a 415 million research accord It is unnecessary that there be a judgment on the merits of the case at this time


( S ( NP-SBJ ( NP ( NNS Lawyers ) ) ( PP ( IN for ) ( NP ( DT the ) ( CD two ) ( NNS sides ) ) ) ) ( VP ( VBD were ) ( RB n't ) ( ADVP-TMP ( RB immediately ) ) ( ADJP-PRD ( JJ available ) ( PP ( IN for ) ( NP ( NN comment ) ) ) ) ) )

Lawyers for the two sides were n't immediately available for comment


( S ( NP-SBJ ( DT The ) ( NN university ) ) ( VP ( VBD had ) ( VP ( VBN sought ) ( NP ( NP ( DT an ) ( NN injunction ) ) ( VP ( VBG blocking ) ( NP-1 ( NP ( NNP Connaught ) ( POS 's ) ) ( NN board ) ) ( PP-CLR ( IN from ) ( NP ( S-NOM ( VP ( VBG recommending ) ( CC or ) ( VBG supporting ) ( NP ( NP ( DT an ) ( NN offer ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN company ) ) ) ( PP ( IN by ) ( NP ( NNP Merieux ) ) ) ) ) ) ) ) ) ) ) ) )

The university had sought an injunction blocking Connaught 's board from recommending or supporting an offer for the company by Merieux


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( JJ peaceful ) ( NN time ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT this ) ( NN part ) ) ( PP ( IN of ) ( NP ( JJ western ) ( NNP India ) ) ) ) ) ) )

It is a peaceful time in this part of western India


( S ( S ( NP-SBJ-1 ( DT The ) ( NN summer ) ( NN crop ) ) ( VP ( VBZ is ) ( VP ( VBN harvested ) ) ) ) ( S ( NP-SBJ-2 ( NN winter ) ( NN sowing ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB yet ) ) ( S ( VP ( TO to ) ( VP ( VB begin ) ) ) ) ) ) )

The summer crop is harvested winter sowing has yet to begin


( S ( NP-SBJ-1 ( NP ( NNS Farmers ) ) ( PP ( IN in ) ( NP ( NP ( JJ loose ) ( NNS turbans ) ) ( CC and ) ( NP ( JJ fancy ) ( NNS earrings ) ) ) ) ) ( VP ( VBP spend ) ( NP ( PRP$ their ) ( NNS afternoons ) ) ( S ( VP ( VBG laughing ) ( CC and ) ( VBG gossiping ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NNS markets ) ) ) ) ) ) )

Farmers in loose turbans and fancy earrings spend their afternoons laughing and gossiping at the markets


( S ( NP-SBJ ( CD One ) ) ( VP ( MD could ) ( VP ( VB imagine ) ( NP ( NP ( PDT such ) ( DT a ) ( NN lull ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNS lives ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNPS Arabs ) ) ) ) ) ) ( PP-TMP ( IN before ) ( NP ( NP ( DT the ) ( NN quadrupling ) ) ( PP ( IN of ) ( NP ( NN oil ) ( NNS prices ) ) ) ) ) ) ) )

One could imagine such a lull in the lives of the Arabs before the quadrupling of oil prices


( S ( IN For ) ( SBAR-ADV ( RB just ) ( IN as ) ( S ( NP-SBJ ( DT the ) ( NNPS Arabs ) ) ( VP ( VBD were ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( CD 1960s ) ) ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NNS farmers ) ) ( PP ( IN of ) ( NP ( NNP Sidhpur ) ) ) ) ( VP ( VBP are ) ( PP-LOC-PRD ( IN on ) ( NP ( NP ( DT the ) ( NN brink ) ) ( PP ( IN of ) ( NP ( JJ global ) ( NN power ) ( CC and ) ( NN fame ) ) ) ) ) ) )

For just as the Arabs were in the 1960s the farmers of Sidhpur are on the brink of global power and fame


( S ( NP-SBJ ( DT The ) ( NNPS Arabs ) ) ( VP ( VBD had ) ( NP ( RB merely ) ( NN oil ) ) ) )

The Arabs had merely oil


( S ( NP-SBJ ( DT These ) ( NNS farmers ) ) ( VP ( MD may ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( NN grip ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( JJ very ) ( NN heart ) ) ) ) ) ) )

These farmers may have a grip on the world 's very heart


( FRAG ( CC Or ) ( ADVP ( IN at ) ( JJS least ) ) ( NP ( PRP$ its ) ( NN heart ) ( NN disease ) ) )

Or at least its heart disease


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ is ) ( SBAR-PRP-PRD ( IN because ) ( S ( NP-SBJ ( NNP Sidhpur ) ) ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( NN near-monopoly ) ) ( PP-LOC ( IN on ) ( NP ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( NN supply ) ) ( PP ( IN of ) ( NP ( NP ( NN flea ) ( NN seed ) ) ( VP ( ADVP ( RB also ) ) ( VBN known ) ( PP-CLR ( IN as ) ( NP ( NP ( NN flea ) ( NN wort ) ) ( CC or ) ( PRN ( PP-LOC ( IN in ) ( NP ( JJ Western ) ( NN parlance ) ) ) ) ( NP ( NN psyllium ) ) ) ) ) ( NP ( NP ( DT a ) ( JJ tiny ) ( JJ tasteless ) ( JJ obscure ) ( NN seed ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( PP ( VBG according ) ( PP ( TO to ) ( NP ( JJ early ) ( NN research ) ) ) ) ( VP ( MD may ) ( VP ( VB reduce ) ( NP ( NP ( NN cholesterol ) ( NNS levels ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN blood ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

That is because Sidhpur has a near-monopoly on the world 's supply of flea seed also known as flea wort or in Western parlance psyllium a tiny tasteless obscure seed that according to early research may reduce cholesterol levels in the blood


( S ( SBAR-TMP ( RB Ever ) ( IN since ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN link ) ) ( PP ( TO to ) ( NP ( NN cholesterol ) ) ) ) ( VP ( VBD was ) ( VP ( VBN disclosed ) ) ) ) ) ( NP-SBJ-2 ( NNPS Americans ) ) ( VP ( VBP have ) ( VP ( VBN begun ) ( S ( VP ( VBG scarfing ) ( PRT ( RP up ) ) ( NP ( NN psyllium ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( NN breakfast ) ( NNS cereals ) ) ) ) ) ) ) )

Ever since the link to cholesterol was disclosed Americans have begun scarfing up psyllium in their breakfast cereals


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( JJ further ) ( NN research ) ) ( VP ( VBZ proves ) ( NP ( NP ( DT the ) ( NN seed ) ( POS 's ) ) ( NNS benefits ) ) ) ) ) ( NP-SBJ ( DT this ) ( JJ dusty ) ( NN farm ) ( NN district ) ) ( VP ( MD could ) ( VP ( VB become ) ( NP-PRD ( NP ( DT the ) ( NN epicenter ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN health-food ) ( NN fad ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB rival ) ( NP ( NP ( DT all ) ( NNS fads ) ) ( PP-TMP ( IN since ) ( NP ( NN cod-liver ) ( NN oil ) ) ) ) ) ) ) ) ) ) ) ) ) )

If further research proves the seed 's benefits this dusty farm district could become the epicenter of a health-food fad to rival all fads since cod-liver oil


( SINV ( S-TPC-1 ( NP-SBJ-2 ( DT This ) ( NN seed ) ) ( VP ( VBZ 's ) ( RB not ) ( VP ( VBN grown ) ( NP-LOC ( NP ( NP ( RB anywhere ) ( RB else ) ) ( PP-LOC ( IN in ) ( NP ( NNP India ) ) ) ) ( CC or ) ( NP ( NP ( RB anywhere ) ( RB else ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN world ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP T.V. ) ( NNP Krishnamurthy ) ) ( NP ( NP ( DT a ) ( NN vice ) ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Procter ) ( CC & ) ( NNP Gamble ) ( NNP India ) ( NNP Ltd. ) ) ( NP ( DT a ) ( JJ major ) ( NX ( NX ( NN psyllium ) ( NN buyer ) ) ( CC and ) ( NX ( NN promoter ) ) ) ) ) ) ) ) )

This seed 's not grown anywhere else in India or anywhere else in the world says T.V. Krishnamurthy a vice president of Procter & Gamble India Ltd. a major psyllium buyer and promoter


( S ( NP-SBJ ( DT The ) ( JJ proper ) ( JJ climatic ) ( NNS conditions ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB exist ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ many ) ( NNS places ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN world ) ) ) ) ) ) ) )

The proper climatic conditions do n't exist in many places in the world


( S ( NP-SBJ ( NP ( NNP Arvind ) ( NNP Patel ) ) ( NP ( NP ( DT a ) ( NN processor ) ( CC and ) ( NN exporter ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN seed ) ) ) ) ) ( VP ( VBZ raves ) ( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( NN psyllium ) ) ( VP ( VBZ takes ) ( NP ( NP ( DT the ) ( NN place ) ) ( PP ( IN of ) ( NP ( NN oat ) ( NN bran ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ huge ) ) ) ) ) ) )

Arvind Patel a processor and exporter of the seed raves If psyllium takes the place of oat bran it will be huge


( S ( SBAR-SBJ ( IN Whether ) ( S ( NP-SBJ ( NN psyllium ) ) ( VP ( VBZ makes ) ( NP ( NP ( NNP Sidhpur ) ( POS 's ) ) ( NN fortune ) ) ) ) ) ( VP ( VBZ depends ) ( PP-CLR ( IN on ) ( NP ( NP ( JJ cholesterol-fearing ) ( NNPS Americans ) ) ( NP ( DT the ) ( NNP U.S. ) ( NNP Food ) ( CC and ) ( NNP Drug ) ( NNP Administration ) ) ( CC and ) ( PRN ( PP ( IN of ) ( NP ( NN course ) ) ) ) ( NP ( NP ( DT the ) ( NN outcome ) ) ( PP ( IN of ) ( NP ( JJ further ) ( NN research ) ) ) ) ) ) ) )

Whether psyllium makes Sidhpur 's fortune depends on cholesterol-fearing Americans the U.S. Food and Drug Administration and of course the outcome of further research


( S ( NP-SBJ ( NP ( RB Only ) ( CD one ) ( NN thing ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ certain ) ) ( ADVP-LOC ( RB here ) ) ( S-1 ( NP-SBJ-2 ( NN Pysllium ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB remain ) ( NP-PRD ( NP ( RB solely ) ( DT an ) ( JJ export ) ( NN item ) ) ( PP ( IN from ) ( NP ( NNP Sidhpur ) ) ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( JJ long ) ( NN time ) ) ) ) ) ) ) ) ) ) )

Only one thing is certain here Pysllium is likely to remain solely an export item from Sidhpur for a long time


( S ( NP-SBJ ( JJ Local ) ( NNS farmers ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( RB as ) ( JJ good ) ( DT a ) ( NN cash ) ( NN crop ) ) ( PP ( IN as ) ( NP ( NP ( NN mustard ) ) ( CC or ) ( NP ( NP ( NN fenugreek ) ) ( NP ( DT a ) ( NN legume ) ) ) ) ) ) ) ) ) ) )

Local farmers say it is as good a cash crop as mustard or fenugreek a legume


( S ( S ( CC But ) ( NP-SBJ ( PRP they ) ) ( VP ( VBP have ) ( NP ( NP ( DT no ) ( NN desire ) ( S ( VP ( TO to ) ( VP ( VB eat ) ( NP ( NP ( DT a ) ( NN bowl ) ) ( PP ( IN of ) ( NP ( NN psyllium ) ) ) ) ( NP-TMP ( DT each ) ( NN morning ) ) ) ) ) ) ( CC and ) ( PRN ( ADVP ( RB perhaps ) ) ) ( NP ( JJ little ) ( NN need ) ) ) ) ) ( S ( S-ADV ( NP-PRD ( JJ lean ) ( JJ frugal ) ( NNS vegetarians ) ) ) ( NP-SBJ-1 ( DT the ) ( NNS farmers ) ) ( VP ( VBP are ) ( NP-PRD ( NNS innocents ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ clogged ) ( JJ treacherous ) ( NN world ) ) ( PP ( IN of ) ( NP ( NN cholesterol ) ) ) ) ) ) ) )

But they have no desire to eat a bowl of psyllium each morning and perhaps little need lean frugal vegetarians the farmers are innocents in the clogged treacherous world of cholesterol


( S ( NP-SBJ ( NN Psyllium ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT an ) ( JJ annual ) ( NN herb ) ) ( NP ( NN Plantago ) ( NN ovata ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN used ) ( PP-TMP ( IN for ) ( NP ( NNS centuries ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NN folk ) ( NNS doctors ) ) ( ADVP-LOC ( RB here ) ) ) ) ( PP-CLR ( ADVP ( RB mainly ) ) ( IN as ) ( NP ( DT a ) ( NN laxative ) ( CC and ) ( JJ anti-diarrheal ) ) ) ) ) ) ) ) ) ) )

Psyllium is an annual herb Plantago ovata that has been used for centuries by folk doctors here mainly as a laxative and anti-diarrheal


( S ( PP ( IN As ) ( NP ( JJ such ) ) ) ( NP-SBJ ( DT the ) ( JJ soluble ) ( NN fiber ) ) ( VP ( VBZ has ) ( NP ( DT an ) ( ADVP ( RB almost ) ( JJ fanatic ) ) ( NN following ) ) ( PP-LOC ( IN in ) ( NP ( JJ northern ) ( NNP India ) ) ) ) )

As such the soluble fiber has an almost fanatic following in northern India


( S-1 ( NP-SBJ ( PRP I ) ) ( VP ( MD can ) ( VP ( VB assure ) ( NP ( PRP you ) ) ( PRN ( SINV ( VP ( VBZ attests ) ) ( NP-SBJ ( NP ( DT a ) ( JJ 25-year-old ) ( NN lawyer ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP Delhi ) ) ) ) ( PP-MNR ( IN with ) ( NP ( DT a ) ( ADJP ( RB meaningfully ) ( VBN raised ) ) ( NN eyebrow ) ) ) ) ) ( PP ( IN from ) ( NP ( JJ personal ) ( NN experience ) ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ works ) ) ) ) ) ) )

I can assure you attests a 25-year-old lawyer in New Delhi with a meaningfully raised eyebrow from personal experience it works


( S ( NP-SBJ ( NP ( DT A ) ( JJ prominent ) ( NN businessman ) ) ( PP-LOC ( IN in ) ( NP ( NNP Bombay ) ) ) ) ( VP ( VBZ gives ) ( NP ( NP ( DT a ) ( JJ similar ) ( NN testimonial ) ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG taking ) ( NP ( PRP it ) ) ( ADVP-TMP ( RB daily ) ) ( PP-TMP ( IN since ) ( NP ( CD 1961 ) ) ) ) ) ) ) ) ) )

A prominent businessman in Bombay gives a similar testimonial I have been taking it daily since 1961


( S ( NP-SBJ ( NN Folk ) ( NNS doctors ) ) ( ADVP ( RB also ) ) ( VP ( VBP prescribe ) ( NP ( PRP it ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NN kidney ) ( NN bladder ) ( CC and ) ( NN urethra ) ( NNS problems ) ) ( NP ( JJ duodenal ) ( NNS ulcers ) ) ( CC and ) ( NP ( NNS hemorrhoids ) ) ) ) ) )

Folk doctors also prescribe it for kidney bladder and urethra problems duodenal ulcers and hemorrhoids


( S ( NP-SBJ ( DT Some ) ) ( VP ( VBP apply ) ( NP ( PRP it ) ) ( PP-CLR ( TO to ) ( NP ( JJ gouty ) ( NNS joints ) ) ) ) )

Some apply it to gouty joints


( S ( NP-SBJ ( DT The ) ( NN plant ) ) ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( JJ hairy ) ( NN stem ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ produces ) ( NP ( NP ( NNS flowers ) ) ( CC and ) ( NP ( JJ diminutive ) ( NNS seeds ) ) ) ) ) ) ) ) )

The plant has a hairy stem that produces flowers and diminutive seeds


( S-CLF ( NP-SBJ ( PRP It ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( DT the ) ( NN seed ) ( POS 's ) ) ( NN colorlessness ) ( CC and ) ( NN size ) ) ( PRN ( S ( NP-SBJ ( NP ( CD 1,000 ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ) ( VP ( VBP weigh ) ( NP ( NP ( QP ( RB only ) ( CD 1.5 ) ) ( NNS grams ) ) ( CC or ) ( NP ( NP ( IN about ) ( RB as ) ( JJ much ) ) ( PP ( IN as ) ( NP ( CD two ) ( NN paper ) ( NNS clips ) ) ) ) ) ) ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP explain ) ( NP ( NP ( DT the ) ( JJ historical ) ( NNS allusions ) ) ( PP ( TO to ) ( NP ( NNS fleas ) ) ) ) ) ) ) ) )

It is the seed 's colorlessness and size 1,000 of them weigh only 1.5 grams or about as much as two paper clips that explain the historical allusions to fleas


( S ( S ( NP-SBJ-1 ( NP ( DT The ) ( JJ transluscent ) ( NN husk ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN seed ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN removed ) ( VBN sifted ) ( CC and ) ( VBN crushed ) ) ) ) ( S ( NP-SBJ-2 ( NP ( DT the ) ( NN seed ) ) ( NP ( PRP itself ) ) ) ( VP ( VBZ is ) ( VP ( VBN fed ) ( PP-CLR ( TO to ) ( NP ( NNS animals ) ) ) ) ) ) )

The transluscent husk of the seed is removed sifted and crushed the seed itself is fed to animals


( S ( NP-SBJ-1 ( NP ( NP ( QP ( DT Some ) ( CD 90 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN crop ) ) ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD was ) ( ADJP-PRD ( JJ worth ) ( NP ( QP ( CD 26 ) ( CD million ) ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN exported ) ) ) )

Some 90 % of the crop which was worth 26 million last year is exported


( S ( PP-TMP ( IN For ) ( NP ( NNS decades ) ) ) ( NP-SBJ ( NN psyllium ) ( NN husk ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT the ) ( JJ main ) ( NN ingredient ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ such ) ( NNS laxatives ) ) ( PP ( IN as ) ( NP ( NP ( NP ( NP ( NNP Procter ) ( CC & ) ( NNP Gamble ) ( NNP Co. ) ( POS 's ) ) ( NNP Metamucil ) ) ( NP ( NP ( DT the ) ( JJ top-selling ) ( NN brand ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ( CC and ) ( NP ( NP ( NNP Ciba-Geigy ) ( NNP Corp. ) ( POS 's ) ) ( NNP Fiberall ) ) ) ) ) ) ) ) ) )

For decades psyllium husk has been the main ingredient in such laxatives as Procter & Gamble Co. 's Metamucil the top-selling brand in the U.S. and Ciba-Geigy Corp. 's Fiberall


( S ( CC But ) ( ADVP-TMP ( NP ( DT some ) ( NN time ) ) ( IN ago ) ) ( NP-SBJ ( NNS researchers ) ) ( VP ( VBD discovered ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ soluble ) ( NNS fibers ) ) ( ADVP ( RB also ) ) ( VP ( VBP lower ) ( NP ( NP ( NN cholesterol ) ( NNS levels ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN blood ) ) ) ) ) ) ) ) )

But some time ago researchers discovered that soluble fibers also lower cholesterol levels in the blood


( S ( S ( NP-SBJ ( JJ Cincinnati-based ) ( NNP P&G ) ) ( VP ( VBD took ) ( NP ( DT an ) ( NN interest ) ) ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD ordered ) ( NP ( NP ( CD two ) ( NNS studies ) ) ( PP ( IN on ) ( NP ( NN psyllium ) ( CC and ) ( NN cholesterol ) ) ) ) ) ) )

Cincinnati-based P&G took an interest it ordered two studies on psyllium and cholesterol


( S ( NP-SBJ ( NP ( CD One ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS studies ) ) ) ( VP ( VBN done ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NNP University ) ) ( PP ( IN of ) ( NP ( NNP Minnesota ) ) ) ) ) ) ) ( VP ( VBD tested ) ( NP ( NP ( CD 75 ) ( NNS people ) ) ( PP ( IN with ) ( NP ( VBN raised ) ( NN cholesterol ) ( NNS levels ) ) ) ) ) )

One of the studies done at the University of Minnesota tested 75 people with raised cholesterol levels


( S ( PP-TMP ( IN After ) ( NP ( CD 16 ) ( NNS weeks ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN group ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD took ) ( NP ( NP ( CD three ) ( JJ daily ) ( NNS teaspoons ) ) ( PP ( IN of ) ( NP ( NNP Metamucil ) ) ) ) ) ) ) ) ( VP ( VBD saw ) ( NP ( NP ( NP ( DT a ) ( JJ significant ) ( NN dip ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( JJ general ) ( NN cholesterol ) ( NNS levels ) ) ) ) ( CC and ) ( NP ( NP ( DT an ) ( ADJP ( RB even ) ( JJR larger ) ) ( NN reduction ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNS levels ) ) ( PP ( IN of ) ( NP ( NP ( NN low-density ) ( NNS lipoproteins ) ) ( NP ( DT the ) ( JJ so-called ) ( JJ bad ) ( NN cholesterol ) ) ) ) ) ) ) ) ) )

After 16 weeks the group that took three daily teaspoons of Metamucil saw a significant dip in their general cholesterol levels and an even larger reduction in levels of low-density lipoproteins the so-called bad cholesterol


( S ( PP-TMP ( IN In ) ( NP ( JJ late ) ( CD 1987 ) ) ) ( NP-SBJ ( NNP P&G ) ) ( VP ( VBD asked ) ( NP ( DT the ) ( NNP FDA ) ) ( PP-CLR ( IN for ) ( NP ( NN approval ) ( S ( VP ( TO to ) ( VP ( VB market ) ( NP ( NNP Metamucil ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT the ) ( JJ first ) ( JJ non-prescription ) ( JJ cholesterol-lowering ) ( NN product ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ) ) ) ) ) ) ) ) ) ) )

In late 1987 P&G asked the FDA for approval to market Metamucil as the first non-prescription cholesterol-lowering product in the


( S ( PP-TMP ( IN In ) ( NP ( NNP April ) ) ) ( NP-SBJ ( DT the ) ( NN psyllium ) ( NN bandwagon ) ) ( VP ( VBD got ) ( ADJP-PRD ( RBR more ) ( VBN crowded ) ) ) )

In April the psyllium bandwagon got more crowded


( S ( S ( NP-SBJ ( NP ( NNP General ) ( NNPS Mills ) ( NNP Inc. ) ) ( NP ( DT the ) ( NN food ) ( NN giant ) ) ) ( VP ( VBD launched ) ( NP ( NP ( NP ( DT a ) ( NN breakfast ) ( NN cereal ) ) ( VP ( VBN called ) ( S ( NP-PRD ( NNP Benefit ) ) ) ) ) ( VP ( VBG containing ) ( NP ( NP ( NN psyllium ) ) ( NP ( NN oat ) ) ( NP ( NN wheat ) ) ( CC and ) ( NP ( NN beet ) ( NN bran ) ) ) ) ) ) ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NNS words ) ) ( S ( VP ( VB reduce ) ( NP ( NN cholesterol ) ) ) ) ) ( VP ( VBD were ) ( VP ( ADVP-MNR ( RB prominently ) ) ( VBN displayed ) ( PP-LOC ( IN on ) ( NP ( PRP$ its ) ( NN package ) ) ) ) ) ) )

General Mills Inc. the food giant launched a breakfast cereal called Benefit containing psyllium oat wheat and beet bran the words reduce cholesterol were prominently displayed on its package


( S ( PP-TMP ( IN In ) ( NP ( NNP September ) ) ) ( NP-SBJ ( NNP Kellogg ) ( NNP Co. ) ) ( VP ( VBD launched ) ( NP ( NP ( DT a ) ( VBG competing ) ( JJ psyllium-fortified ) ( NN cereal ) ) ( VP ( VBN called ) ( S ( NP-PRD ( NNP Heartwise ) ) ) ) ) ) )

In September Kellogg Co. launched a competing psyllium-fortified cereal called Heartwise


( S ( ADVP-TMP ( RB Suddenly ) ) ( PP-LOC ( PP ( IN on ) ( NP ( NN television ) ) ) ( PP ( IN in ) ( NP ( NNS advertisements ) ) ) ( CC and ) ( PP ( IN on ) ( NP ( PRP$ their ) ( NN cereal ) ( NNS boxes ) ) ) ) ( NP-SBJ-1 ( NNPS Americans ) ) ( VP ( VBD were ) ( VP ( VBN inundated ) ( PP-CLR ( IN with ) ( NP ( NP ( NN news ) ) ( PP ( IN about ) ( NP ( DT the ) ( JJ obscure ) ( NN seed ) ) ) ) ) ) ) )

Suddenly on television in advertisements and on their cereal boxes Americans were inundated with news about the obscure seed


( S ( NP-SBJ ( NP ( DT The ) ( NN flood ) ) ( PP ( IN of ) ( NP ( NNS claims ) ( CC and ) ( NNS counter-claims ) ) ) ) ( VP ( VP ( VBD worried ) ( NP ( NNS consumers ) ) ) ( CC and ) ( VP ( ADVP ( RB actually ) ) ( VBD hurt ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ new ) ( NNS cereals ) ) ) ) ) ) )

The flood of claims and counter-claims worried consumers and actually hurt sales of the new cereals


( S ( NP-TMP ( DT This ) ( NN month ) ) ( NP-SBJ ( DT the ) ( NNP Food ) ( CC and ) ( NNP Drug ) ( NNP Administration ) ) ( VP ( VBD expressed ) ( NP ( NN concern ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNPS Americans ) ) ( VP ( MD might ) ( ADVP-TMP ( RB someday ) ) ( PRN ( PP-MNR ( IN in ) ( NP ( JJ various ) ( NNS forms ) ) ) ) ( VP ( VB ingest ) ( NP ( ADJP ( RB too ) ( JJ much ) ) ( NN psyllium ) ) ) ) ) ) ) ) )

This month the Food and Drug Administration expressed concern that Americans might someday in various forms ingest too much psyllium


( S ( ADVP-TMP ( RB Currently ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NN lull ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN psyllium ) ( NN war ) ) ) ) ) )

Currently there is a lull in the psyllium war


( S ( NP-SBJ ( DT The ) ( NNP FDA ) ) ( VP ( VBZ has ) ( VP ( VBN asked ) ( S ( NP-SBJ ( NP ( NNP Kellogg ) ) ( CC and ) ( NP ( NNP General ) ( NNPS Mills ) ) ) ( VP ( TO to ) ( VP ( VB show ) ( NP ( NN research ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP$ their ) ( NNS cereals ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ safe ) ) ) ) ) ) ) ) ) ) ) )

The FDA has asked Kellogg and General Mills to show research that their cereals are safe


( S ( NP-SBJ ( PRP It ) ) ( ADVP ( RB also ) ) ( VP ( VBD ordered ) ( S ( NP-SBJ ( NNP P&G ) ) ( VP ( TO to ) ( VP ( VB produce ) ( NP ( NP ( JJR more ) ( NNS studies ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB buttress ) ( NP ( PRP$ its ) ( NNS claims ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Metamucil ) ) ( VP ( MD can ) ( VP ( VB lower ) ( NP ( NN cholesterol ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

It also ordered P&G to produce more studies to buttress its claims that Metamucil can lower cholesterol


( S ( CC But ) ( NP-SBJ ( DT the ) ( NN agency ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN yanked ) ( NP ( NN psyllium ) ) ( PP-CLR ( IN off ) ( NP ( NN store ) ( NNS shelves ) ) ) ) ) )

But the agency has n't yanked psyllium off store shelves


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( DT the ) ( NNP FDA ) ) ( VP ( VBZ approves ) ( NP ( NP ( DT the ) ( JJ new ) ( NNS uses ) ) ( PP ( IN of ) ( NP ( NN psyllium ) ) ) ) ) ) ) ( NP-SBJ-1 ( JJ other ) ( NNS companies ) ) ( VP ( VBP are ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB rush ) ( PP-DIR ( TO to ) ( NP ( NN market ) ) ) ( PP-MNR ( IN with ) ( NP ( NN psyllium ) ( NNS products ) ) ) ) ) ) ) ) )

If the FDA approves the new uses of psyllium other companies are expected to rush to market with psyllium products


( SINV ( S-TPC-2 ( NP-SBJ-1 ( PRP It ) ) ( VP ( VBZ 's ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( JJ sensational ) ( NN thing ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Krishnamurthy ) ) ( PP ( IN of ) ( NP ( NP ( NNP P&G ) ) ( PP-LOC ( IN in ) ( NP ( NNP Bombay ) ) ) ) ) ) )

It 's going to be a sensational thing says Mr. Krishnamurthy of P&G in Bombay


( SINV ( VP ( VBZ Says ) ) ( NP-SBJ ( NN psyllium ) ( NN exporter ) ( NNP Mr. ) ( NNP Patel ) ) ( S-1 ( NP-SBJ ( PRP I ) ) ( ADVP-TMP ( RB just ) ) ( VP ( VBD got ) ( ADVP-DIR ( RB back ) ) ( NP-TMP ( NN yesterday ) ) ( PP-DIR ( IN from ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) )

Says psyllium exporter Mr. Patel I just got back yesterday from the U.S.


( S ( PP-LOC ( PP ( IN In ) ( NP ( DT the ) ( NNS newspapers ) ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN radio ) ( CC and ) ( NN TV ) ) ) ) ( NP-SBJ ( NN psyllium ) ) ( VP ( VBZ is ) ( ADVP-LOC-PRD ( RB everywhere ) ) ) )

In the newspapers on the radio and TV psyllium is everywhere


( S ( CC But ) ( NP-SBJ-1 ( NP ( DT the ) ( NN news ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN boom ) ) ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB yet ) ) ( S ( VP ( TO to ) ( VP ( VB trickle ) ( ADVP-DIR-CLR ( IN down ) ( PP ( TO to ) ( NP ( DT the ) ( NNS farmers ) ) ) ) ) ) ) ) )

But the news of the boom has yet to trickle down to the farmers


( S ( S ( NP-SBJ ( PRP They ) ) ( VP ( ADVP ( RB only ) ) ( VBP know ) ( PP-CLR ( IN of ) ( NP ( NP ( CD one ) ( NN use ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN crop ) ) ) ( PP ( IN as ) ( NP ( DT a ) ( NN laxative ) ) ) ) ) ) ) ( CC and ) ( S ( PP ( IN with ) ( S-NOM ( NP-SBJ ( NN psyllium ) ( NNS prices ) ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBG languishing ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN wake ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN bumper ) ( NN crop ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP they ) ) ( VP ( VBP think ) ( PP-CLR ( IN of ) ( NP ( DT the ) ( NN seed ) ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT a ) ( JJ marginal ) ( NN crop ) ) ( NP ( NP ( NN something ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB grow ) ( PP-TMP ( IN between ) ( NP ( NN summer ) ( NN wheat ) ( NNS crops ) ) ) ) ) ) ) ) ) ) ) ) )

They only know of one use for the crop as a laxative and with psyllium prices currently languishing in the wake of a bumper crop they think of the seed as a marginal crop something to grow between summer wheat crops


( SINV ( S ( NP-SBJ ( NN Psyllium ) ) ( VP ( VBZ 's ) ( RB not ) ( NP-PRD ( DT a ) ( JJ good ) ( NN crop ) ) ) ) ( VP ( VBZ complains ) ) ( NP-SBJ ( NP ( NNP Sooraji ) ( NNP Jath ) ) ( NP ( NP ( DT a ) ( JJ 26-year-old ) ( NN farmer ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NN village ) ) ( PP ( IN of ) ( NP ( NNP Lakshmipura ) ) ) ) ) ) ) )

Psyllium 's not a good crop complains Sooraji Jath a 26-year-old farmer from the village of Lakshmipura


( S ( S ( NP-SBJ ( PRP You ) ) ( VP ( VBP get ) ( NP ( DT a ) ( NN rain ) ) ( PP-TMP ( IN at ) ( NP ( DT the ) ( JJ wrong ) ( NN time ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( DT the ) ( NN crop ) ) ( VP ( VBZ is ) ( VP ( VBN ruined ) ) ) ) )

You get a rain at the wrong time and the crop is ruined


( S ( PP-LOC ( ADVP ( RB Even ) ) ( IN at ) ( NP ( NP ( DT the ) ( NNP Basic ) ( NNPS Chemicals ) ( NNPS Pharmaceuticals ) ( CC and ) ( NNPS Cosmetics ) ( NNP Export ) ( NNP Promotion ) ( NNP Council ) ) ( NP ( NP ( DT the ) ( NN government ) ( NN agency ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ promotes ) ( NP ( DT the ) ( NN seed ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN psyllium ) ( NN boom ) ) ( VP ( VBZ is ) ( NP-PRD ( JJ distant ) ( NN thunder ) ) ) )

Even at the Basic Chemicals Pharmaceuticals and Cosmetics Export Promotion Council the government agency that promotes the seed the psyllium boom is distant thunder


( S ( NP-SBJ-1 ( DT The ) ( NN staff ) ) ( VP ( VBZ brags ) ( PP-CLR ( IN about ) ( NP ( NP ( NP ( NN psyllium ) ( POS 's ) ) ( JJ hefty ) ( NN contribution ) ) ( PP ( TO to ) ( NP ( JJ American ) ( NN regularity ) ) ) ) ) ( PP ( IN without ) ( S-NOM ( VP ( ADVP ( RB quite ) ) ( VBG grasping ) ( NP ( NP ( DT the ) ( NNS implications ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN research ) ) ( PP ( IN on ) ( NP ( NN cholesterol ) ) ) ) ) ) ) ) ) ) )

The staff brags about psyllium 's hefty contribution to American regularity without quite grasping the implications of the research on cholesterol


( S ( NP-SBJ ( NP ( DT The ) ( NN council ) ( POS 's ) ) ( JJ annual ) ( NN report ) ) ( VP ( VBZ has ) ( NP-2 ( NN psyllium ) ) ( PP-LOC ( IN on ) ( NP ( PRP$ its ) ( JJ last ) ( NN page ) ) ) ( S-ADV ( VP ( VBN lumped ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ such ) ( JJ unglamorous ) ( NN export ) ( NNS items ) ) ( PP ( IN as ) ( NP ( NP ( NN sarsaparilla ) ) ( CC and ) ( NP ( NP ( NN Nux ) ( NN vomica ) ) ( NP ( NP ( DT a ) ( NN plant ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ induces ) ( NP ( VBG vomiting ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The council 's annual report has psyllium on its last page lumped with such unglamorous export items as sarsaparilla and Nux vomica a plant that induces vomiting


( S ( PP ( IN In ) ( NP ( CD one ) ( NN way ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NN psyllium ) ( NNS middlemen ) ) ( NP ( DT the ) ( NNS buyers ) ( CC and ) ( NNS exporters ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ glad ) ( S ( VP ( TO to ) ( VP ( VB keep ) ( NP ( NP ( NN news ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN boom ) ) ) ) ( PP-CLR ( TO to ) ( NP ( PRP themselves ) ) ) ) ) ) ) ) )

In one way the psyllium middlemen the buyers and exporters are glad to keep news of the boom to themselves


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBP want ) ( S ( NP-SBJ ( NN psyllium ) ( NNS prices ) ) ( ADJP-PRD ( JJ low ) ) ) ( PP-PRP ( IN for ) ( NP ( NP ( PRP$ their ) ( NNS purchases ) ) ( NP-TMP ( IN next ) ( NN year ) ) ) ) ) )

They want psyllium prices low for their purchases next year


( S ( CC But ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT a ) ( NN catch ) ) ) )

But there 's a catch


( S ( NP-SBJ ( NP ( NNP Sidhpur ) ) ( CC and ) ( NP ( JJ adjacent ) ( NNS districts ) ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( DT the ) ( JJ only ) ( NNS places ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN world ) ) ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ-1 ( NN psyllium ) ) ( VP ( VBZ is ) ( VP ( VBN grown ) ( PP-MNR ( IN in ) ( NP ( JJ large ) ( NNS quantities ) ) ) ) ) ) ) ) ) )

Sidhpur and adjacent districts are the only places in the world where psyllium is grown in large quantities


( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RB partly ) ( JJ due ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( JJ particular ) ( NNS demands ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN crop ) ) ) ) ) ) ) )

This is partly due to the particular demands of the crop


( S ( NP-SBJ ( NN Psyllium ) ) ( VP ( VBZ needs ) ( NP ( NP ( JJ sandy ) ( NN soil ) ) ( NP ( NP ( NN dew ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( JJ first ) ( JJ few ) ( NNS weeks ) ) ) ) ( CC and ) ( ADVP ( RB then ) ) ( NP ( NP ( JJ total ) ( NN dryness ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP$ its ) ( NNS seeds ) ) ( VP ( VBP are ) ( VP ( VBG maturing ) ) ) ) ) ) ) ) )

Psyllium needs sandy soil dew during the first few weeks and then total dryness when its seeds are maturing


( S ( S ( NP-SBJ-1 ( JJ Small ) ( NNS crops ) ) ( VP ( VBP are ) ( VP ( VBN grown ) ( PP-LOC ( IN in ) ( NP ( NNP Pakistan ) ( NNP France ) ( NNP Spain ) ( NNP Italy ) ( NNP Belgium ) ( CC and ) ( NNP Brazil ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP$ their ) ( NN quality ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB compare ) ( PP-CLR ( TO to ) ( NP ( NP ( DT that ) ) ( PP ( IN of ) ( NP ( JJ Indian ) ( NN psyllium ) ) ) ) ) ) ) ) )

Small crops are grown in Pakistan France Spain Italy Belgium and Brazil but their quality ca n't compare to that of Indian psyllium


( S ( NP-SBJ ( NP ( JJ Big ) ( NNS buyers ) ) ( PP ( IN like ) ( NP ( NNP Procter ) ( CC & ) ( NNP Gamble ) ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( EX there ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( JJ other ) ( NNS spots ) ) ( PP-LOC ( PP ( IN on ) ( NP ( DT the ) ( NN globe ) ) ) ( CC and ) ( PP ( IN in ) ( NP ( NNP India ) ) ) ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ-1 ( DT the ) ( NN seed ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP ( VBN grown ) ) ) ) ) ) ) ) ) ) ) )

Big buyers like Procter & Gamble say there are other spots on the globe and in India where the seed could be grown


( SINV ( S-TPC-3 ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( RB not ) ( NP-PRD ( NP ( DT a ) ( NN crop ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD ca ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN doubled ) ( CC or ) ( VBN tripled ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Krishnamurthy ) ) )

It 's not a crop that ca n't be doubled or tripled says Mr. Krishnamurthy


( S ( CC But ) ( NP-SBJ ( DT no ) ( NN one ) ) ( VP ( VBZ has ) ( VP ( VBN made ) ( NP ( DT a ) ( JJ serious ) ( NN effort ) ( S ( VP ( TO to ) ( VP ( VB transplant ) ( NP ( DT the ) ( NN crop ) ) ) ) ) ) ) ) )

But no one has made a serious effort to transplant the crop


( S ( PP-LOC ( IN In ) ( NP ( NNP Sidhpur ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( ADVP ( RB almost ) ) ( NP-PRD ( NP ( NN time ) ) ( SBAR-TMP ( S ( VP ( TO to ) ( VP ( VB sow ) ( NP ( NP ( DT this ) ( NN year ) ( POS 's ) ) ( NN crop ) ) ) ) ) ) ) ) )

In Sidhpur it is almost time to sow this year 's crop


( S ( NP-SBJ-1 ( NP ( JJ Many ) ( NNS farmers ) ) ( ADJP ( RB too ) ( VBN removed ) ( S ( VP ( TO to ) ( VP ( VB glean ) ( NP ( NP ( NP ( NN psyllium ) ( POS 's ) ) ( JJ new ) ( NN sparkle ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN West ) ) ) ) ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN decided ) ( S ( VP ( TO to ) ( VP ( VB plant ) ( NP ( NP ( NN mustard ) ) ( NP ( NN fennel ) ) ( NP ( NN cumin ) ) ( NP ( NN fenugreek ) ) ( CC or ) ( NP ( NN castor-oil ) ( NNS seeds ) ) ) ) ) ) ) ) )

Many farmers too removed to glean psyllium 's new sparkle in the West have decided to plant mustard fennel cumin fenugreek or castor-oil seeds


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Jath ) ) ( VP ( VBZ is ) ( VP ( VBG thinking ) ( PP-CLR ( IN of ) ( S-NOM ( VP ( VBG passing ) ( PRT ( RP up ) ) ( NP ( NN psyllium ) ) ( ADVP-MNR ( RB altogether ) ) ( NP-TMP ( DT this ) ( NN year ) ) ( PP ( IN in ) ( NP ( NP ( NN favor ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN crop ) ) ( PP ( IN with ) ( NP ( DT a ) ( NN future ) ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NN cumin ) ( CC or ) ( NN fennel ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Jath is thinking of passing up psyllium altogether this year in favor of a crop with a future such as cumin or fennel


( S ( ADVP ( RB Maybe ) ) ( NP-SBJ ( PRP I ) ) ( VP ( MD 'll ) ( VP ( VB plant ) ( NP ( NN castor-oil ) ( NNS seeds ) ) ) ) )

Maybe I 'll plant castor-oil seeds


( S ( NP-SBJ ( NP ( PRP$ His ) ( NN brother ) ) ( NP ( NNP Parkhaji ) ) ( SBAR ( WHNP-2 ( WP$ whose ) ( NN head ) ) ( S ( VP ( VBZ is ) ( VP ( VBN swathed ) ( PP-CLR ( IN in ) ( NP ( DT a ) ( JJ gorgeous ) ( JJ crimson ) ( NN turban ) ) ) ) ) ) ) ) ( VP ( VBZ nods ) ( NP ( JJ vigorous ) ( NN assent ) ) ) )

His brother Parkhaji whose head is swathed in a gorgeous crimson turban nods vigorous assent


( S ( RB So ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ-1 ( NP ( JJ next ) ( NN year ) ( POS 's ) ) ( NN psyllium ) ( NN crop ) ) ( VP ( VBZ is ) ( VP ( VBN harvested ) ( PP-TMP ( IN in ) ( NP ( NNP March ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD may ) ( VP ( VB be ) ( ADJP-PRD ( ADJP ( JJR smaller ) ) ( PP ( IN than ) ( NP ( NP ( DT the ) ( CD 16,000 ) ( JJ metric ) ( NNS tons ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ past ) ( JJ few ) ( NNS years ) ) ) ) ) ) ( PP-TMP ( ADVP ( RB right ) ) ( IN at ) ( NP ( NP ( DT the ) ( NN crest ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN psyllium ) ( NN boom ) ) ) ) ) ) ) )

So when next year 's psyllium crop is harvested in March it may be smaller than the 16,000 metric tons of the past few years right at the crest of the psyllium boom


( S ( CC And ) ( NP-SBJ ( DT the ) ( NN world ) ) ( VP ( MD could ) ( VP ( VB experience ) ( NP ( PRP$ its ) ( JJ first ) ( NN psyllium ) ( NN shortage ) ) ) ) )

And the world could experience its first psyllium shortage


( S ( NP-SBJ ( NNP London ) ( NN share ) ( NNS prices ) ) ( VP ( VBD closed ) ( ADJP-CLR ( RB sharply ) ( JJR lower ) ) ( NP-TMP ( NNP Friday ) ) ( PP-LOC ( IN in ) ( NP ( JJ active ) ( NN trading ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( NP ( NAC ( NNP Chancellor ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Exchequer ) ) ) ) ( NNP Nigel ) ( NNP Lawson ) ( POS 's ) ) ( NN resignation ) ) ( VP ( VBD slapped ) ( NP ( DT the ) ( NN market ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( NNP Wall ) ( NNP Street ) ( POS 's ) ) ( JJ rapid ) ( JJ initial ) ( NN sell-off ) ) ( VP ( VBD knocked ) ( NP ( PRP it ) ) ( PRT ( RP down ) ) ) ) ) ) )

London share prices closed sharply lower Friday in active trading after Chancellor of the Exchequer Nigel Lawson 's resignation slapped the market and Wall Street 's rapid initial sell-off knocked it down


( S ( NP-SBJ-1 ( NNP London ) ( NNS shares ) ) ( VP ( VBD were ) ( VP ( VBN depressed ) ( ADVP-TMP ( RB initially ) ) ( PP ( PP ( IN by ) ( NP-LGS ( NP ( JJ overnight ) ( NNS losses ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ) ) ( CC and ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( NN sterling ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( NNP Mr. ) ( NNP Lawson ) ( POS 's ) ) ( NN resignation ) ) ) ) ) ) ) ) )

London shares were depressed initially by overnight losses in New York and by the drop in sterling after Mr. Lawson 's resignation


( S ( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD showed ) ( NP ( DT some ) ( JJ early ) ( NN resilience ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( JJ central ) ( NN bank ) ( NN support ) ) ( VP ( VBD firmed ) ( NP ( JJ sterling ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NP ( NP ( DT the ) ( NN weight ) ) ( PP ( IN of ) ( NP ( NNP Wall ) ( NNP Street ) ) ) ( ADVP-TMP ( RB late ) ( PP-LOC ( IN in ) ( NP ( NNP London ) ( NN trading ) ) ) ) ) ( CC and ) ( NP ( NP ( NNS signs ) ) ( PP ( IN of ) ( NP ( NP ( JJ further ) ( NN weakness ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ British ) ( NN pound ) ) ) ) ) ) ) ( VP ( VBD proved ) ( NP-PRD ( NP ( DT a ) ( JJ hefty ) ( NN load ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB bear ) ) ) ) ) ) ) ) )

It showed some early resilience after central bank support firmed sterling but the weight of Wall Street late in London trading and signs of further weakness in the British pound proved a hefty load to bear


( S ( NP-SBJ ( NNP New ) ( NNP York ) ( NNS stocks ) ) ( VP ( VBD recovered ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ their ) ( NNS losses ) ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( DT the ) ( NNP London ) ( NN market ) ) ( VP ( VBD closed ) ) ) ) ) )

New York stocks recovered some of their losses after the London market closed


( S ( NP-SBJ-1 ( DT The ) ( NNP Financial ) ( NNP Times ) ( JJ 100-share ) ( NN index ) ) ( VP ( VBD shed ) ( NP ( CD 47.3 ) ( NNS points ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB close ) ( PP-CLR ( IN at ) ( NP ( CD 2082.1 ) ) ) ( ADVP ( ADVP ( RB down ) ( NP-ADV-3 ( CD 4.5 ) ( NN % ) ) ( PP-DIR-4 ( IN from ) ( NP ( DT the ) ( JJ previous ) ( NNP Friday ) ) ) ) ( CC and ) ( ADVP ( NP-ADV=3 ( CD 6.8 ) ( NN % ) ) ( PP-DIR=4 ( IN from ) ( NP ( NP ( NNP Oct. ) ( CD 13 ) ) ( SBAR ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NP ( NNP Wall ) ( NNP Street ) ( POS 's ) ) ( NN plunge ) ) ( VP ( VBD helped ) ( VP ( VB spark ) ( NP ( NP ( DT the ) ( JJ current ) ( NN weakness ) ) ( PP-LOC ( IN in ) ( NP ( NNP London ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Financial Times 100-share index shed 47.3 points to close at 2082.1 down 4.5 % from the previous Friday and 6.8 % from Oct. 13 when Wall Street 's plunge helped spark the current weakness in London


( S ( NP-SBJ ( DT The ) ( JJ 30-share ) ( NN index ) ) ( VP ( VBD settled ) ( ADJP-CLR ( NP-ADV ( CD 42.0 ) ( NNS points ) ) ( JJR lower ) ) ( PP-CLR ( IN at ) ( NP ( CD 1678.5 ) ) ) ) )

The 30-share index settled 42.0 points lower at 1678.5


( S ( NP-SBJ ( NN Volume ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NP ( QP ( CD 840.8 ) ( CD million ) ) ( NNS shares ) ) ( ADVP ( RB up ) ( PP ( IN from ) ( NP ( QP ( CD 443.6 ) ( CD million ) ) ) ( NP-TMP ( NNP Thursday ) ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN week ) ( POS 's ) ) ( RBS most ) ( JJ active ) ( NN session ) ) ) ) )

Volume was 840.8 million shares up from 443.6 million Thursday and the week 's most active session


( S ( NP-SBJ ( NNS Dealers ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN turnover ) ) ( VP ( ADVP ( RB largely ) ) ( VBN confined ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( JJ 100-share ) ( NN index ) ( NNS stocks ) ) ) ) ) ( VP ( ADVP-MNR ( RB partly ) ) ( VBD reflected ) ( NP ( NP ( DT the ) ( NN flurry ) ) ( PP ( IN of ) ( NP ( NN activity ) ) ) ( ADJP ( JJ typical ) ( PP-TMP ( IN at ) ( NP ( NP ( NP ( DT the ) ( NN close ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ two-week ) ( NN trading ) ( NN account ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN start ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ new ) ( NN account ) ) ) ) ) ) ) ) ) ) ) ) )

Dealers said the turnover largely confined to the 100-share index stocks partly reflected the flurry of activity typical at the close of a two-week trading account and the start of a new account


( S ( CC But ) ( NP-SBJ ( PRP they ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NN focus ) ) ( PP ( IN on ) ( NP ( DT the ) ( JJ top-tier ) ( NNS stocks ) ) ) ) ( VP ( VP ( VBD telegraphed ) ( NP ( JJ active ) ( JJ overseas ) ( NN selling ) ) ) ( CC and ) ( VP ( VBD showed ) ( NP ( NP ( DT the ) ( JJ broad-based ) ( NNS fears ) ) ( PP ( IN over ) ( NP ( NP ( DT the ) ( NN status ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP U.K. ) ( NN economy ) ) ( CC and ) ( NP ( NP ( NNP Britain ) ( POS 's ) ) ( NN currency ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN wake ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN upheaval ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Prime ) ( NNP Minister ) ( NNP Margaret ) ( NNP Thatcher ) ( POS 's ) ) ( NN cabinet ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But they said Friday 's focus on the top-tier stocks telegraphed active overseas selling and showed the broad-based fears over the status of the U.K. economy and Britain 's currency in the wake of the upheaval in Prime Minister Margaret Thatcher 's cabinet


( S ( NP-SBJ ( NP ( DT A ) ( JJ senior ) ( NN dealer ) ) ( PP ( IN with ) ( NP ( NNP Warburg ) ( NNPS Securities ) ) ) ) ( VP ( VBD noted ) ( SBAR ( S ( NP-SBJ-1 ( NP ( NNP British ) ( NNP Gas ) ) ( NP ( NP ( DT the ) ( ADJP ( RBS most ) ( JJ active ) ) ( JJ blue-chip ) ( NN stock ) ) ( PP-LOC ( IN at ) ( NP ( NP ( QP ( CD 20 ) ( CD million ) ) ( NNS shares ) ) ( VP ( VBD traded ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN affected ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( JJ political ) ( NNS implications ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Lawson ) ( POS 's ) ) ( NN departure ) ) ( CC and ) ( NP ( NP ( NNP Mrs. ) ( NNP Thatcher ) ( POS 's ) ) ( NN cabinet ) ( NN shuffle ) ) ) ) ) ) ) ) ) ) ) )

A senior dealer with Warburg Securities noted British Gas the most active blue-chip stock at 20 million shares traded was affected by the political implications of Mr. Lawson 's departure and Mrs. Thatcher 's cabinet shuffle


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD attributed ) ( NP ( DT the ) ( ADJP ( RB unusually ) ( JJ high ) ) ( NN volume ) ) ( PP-CLR ( TO to ) ( NP ( NP ( JJ broad-based ) ( NN selling ) ) ( PP ( IN on ) ( NP ( NNS fears ) ( SBAR ( IN that ) ( S ( S ( NP-SBJ-2 ( DT the ) ( NNP Thatcher ) ( NN government ) ) ( VP ( MD may ) ( VP ( VB be ) ( PP-PRD-3 ( IN in ) ( NP ( NN turmoil ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ=2-1 ( NP ( NNP Britain ) ( POS 's ) ) ( NNP Labor ) ( NNP Party ) ) ( VP=3 ( VBD positioned ) ( S ( VP ( TO to ) ( VP ( VP ( VB regain ) ( NP ( NP ( NN control ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN government ) ) ) ) ) ( CC and ) ( VP ( VB renew ) ( NP ( NP ( NNS efforts ) ) ( PP ( IN at ) ( NP ( NN nationalization ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He attributed the unusually high volume to broad-based selling on fears that the Thatcher government may be in turmoil and Britain 's Labor Party positioned to regain control of the government and renew efforts at nationalization


( S ( NP-SBJ-1 ( NNP British ) ( NNP Gas ) ) ( VP ( VBD shed ) ( NP ( NP ( CD 8.5 ) ( NN pence ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB close ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 185 ) ( NN pence ) ) ( PRN ( NP ( CD 2.90 ) ) ) ) ) ) ) ) ) )

British Gas shed 8.5 pence a share to close at 185 pence 2.90


( S ( NP-SBJ ( JJ Other ) ( NNS dealers ) ) ( VP ( VBD added ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( JJ blue-chip ) ( NNS stocks ) ) ( PP ( IN in ) ( ADJP ( JJ general ) ) ) ( VP ( VBD were ) ( VP ( VBN hit ) ( PP ( IN by ) ( NP-LGS ( NP ( NN profit-taking ) ) ( PP ( IN over ) ( NP ( NP ( NNS concerns ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NNP London ) ( NNS shares ) ) ( VP ( MD will ) ( VP ( VB continue ) ( S ( VP ( VBG posting ) ( NP ( NNS declines ) ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN uncertainty ) ) ( PP ( IN over ) ( NP ( JJ sterling ) ) ) ( PP ( VBN given ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NP ( NNP Mr. ) ( NNP Lawson ) ( POS 's ) ) ( NN successor ) ) ( NP ( NNP John ) ( NNP Major ) ) ) ( VP ( VBD had ) ( ADVP ( RB only ) ) ( VP ( VBN been ) ( PP-LOC-PRD ( IN in ) ( NP ( DT the ) ( NN job ) ) ) ( NP-TMP ( CD one ) ( NN day ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Other dealers added that the blue-chip stocks in general were hit by profit-taking over concerns that London shares will continue posting declines and the uncertainty over sterling given that Mr. Lawson 's successor John Major had only been in the job one day


( S ( PP ( IN Besides ) ( NP ( NNP British ) ( NNP Gas ) ) ) ( NP-SBJ ( NNP British ) ( NNP Steel ) ) ( VP ( VBD skidded ) ( NP-EXT ( CD 1.74 ) ) ( PP-DIR ( TO to ) ( NP ( CD 123.5 ) ) ) ( PP ( IN on ) ( NP ( NP ( NN turnover ) ) ( PP ( IN of ) ( NP ( QP ( CD 11 ) ( CD million ) ) ( NNS shares ) ) ) ) ) ) )

Besides British Gas British Steel skidded 1.74 to 123.5 on turnover of 11 million shares


( S ( NP-SBJ ( NNP British ) ( NNP Petroleum ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 5 ) ) ( PP-DIR ( TO to ) ( NP ( CD 286 ) ) ) ( PP ( IN on ) ( NP ( NP ( QP ( CD 14 ) ( CD million ) ) ( NNS shares ) ) ( VP ( VBN traded ) ) ) ) ) )

British Petroleum fell 5 to 286 on 14 million shares traded


( S ( NP-SBJ ( NNS Dealers ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( JJ multinational ) ( NN oil ) ( NN company ) ) ( VP ( VBD was ) ( VP ( NN pressured ) ( PP ( IN by ) ( NP-LGS ( NP ( JJ recent ) ( NN brokerage ) ( NNS recommendations ) ) ( VP ( VBG urging ) ( NP-2 ( NNS investors ) ) ( S ( VP ( TO to ) ( VP ( VB switch ) ( PP-DIR ( IN into ) ( NP ( NNP Shell ) ( NNP Trading ) ( CC & ) ( NNP Transport ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Dealers said the multinational oil company was pressured by recent brokerage recommendations urging investors to switch into Shell Trading & Transport


( S ( NP-SBJ ( NNP Shell ) ) ( VP ( VBD eased ) ( NP-EXT ( CD 1 ) ) ( PP-DIR ( TO to ) ( NP ( CD 416 ) ) ) ( PP ( IN on ) ( NP ( NP ( NN turnover ) ) ( PP ( IN of ) ( NP ( QP ( CD 4.8 ) ( CD million ) ) ( NNS shares ) ) ) ) ) ) )

Shell eased 1 to 416 on turnover of 4.8 million shares


( S ( PP-LOC ( IN Among ) ( NP ( DT the ) ( JJ other ) ( RB actively ) ( VBN traded ) ( JJ blue-chip ) ( NNS issues ) ) ) ( S ( NP-SBJ ( NNP Imperial ) ( NNP Chemical ) ( NNPS Industries ) ) ( VP ( VBD dropped ) ( NP-EXT ( CD 11 ) ) ( PP-DIR ( TO to ) ( NP ( CD 10.86 ) ) ) ) ) ( S ( NP-SBJ ( NNP Hanson ) ) ( VP ( VBD skidded ) ( NP-EXT ( CD 9.5 ) ) ( PP ( TO to ) ( NP ( CD 200.5 ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP British ) ( NNP Telecom ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 10 ) ) ( PP-DIR ( TO to ) ( NP ( CD 250 ) ) ) ) ) )

Among the other actively traded blue-chip issues Imperial Chemical Industries dropped 11 to 10.86 Hanson skidded 9.5 to 200.5 and British Telecom fell 10 to 250


( S ( PP-LOC ( IN In ) ( NP ( NNP Tokyo ) ) ) ( NP-SBJ ( NNS stocks ) ) ( VP ( VBD closed ) ( UCP-CLR ( ADJP ( JJR lower ) ) ( CC but ) ( ADVP ( JJ above ) ( NP ( NN intraday ) ( NNS lows ) ) ) ) ( PP-LOC ( IN in ) ( NP ( JJ active ) ( NN trading ) ) ) ) )

In Tokyo stocks closed lower but above intraday lows in active trading


( S ( NP-SBJ-1 ( DT The ) ( NNP Nikkei ) ( NN index ) ) ( VP ( VP ( VBD was ) ( VP ( VBN pressured ) ( ADVP-CLR ( RB down ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NN profit-taking ) ) ( VP ( VBN triggered ) ( PP ( IN by ) ( NP-LGS ( NP ( JJ sharp ) ( NNS advances ) ) ( VP ( VBN made ) ( PP-TMP ( IN through ) ( NP ( DT this ) ( NN week ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD fell ) ( NP-EXT ( CD 151.20 ) ( NNS points ) ) ( PP-DIR ( TO to ) ( NP ( CD 35527.29 ) ) ) ) ) )

The Nikkei index was pressured down by profit-taking triggered by sharp advances made through this week and fell 151.20 points to 35527.29


( S ( PP-LOC ( IN In ) ( NP ( RB early ) ( NN trading ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Tokyo ) ) ) ( NP-TMP ( NNP Monday ) ) ( NP-SBJ ( DT the ) ( NNP Nikkei ) ( NN index ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 148.85 ) ( NNS points ) ) ( PP-DIR ( TO to ) ( NP ( CD 35378.44 ) ) ) ) )

In early trading in Tokyo Monday the Nikkei index fell 148.85 points to 35378.44


( S ( PP-TMP ( IN On ) ( NP ( NNP Friday ) ) ) ( NP-SBJ ( NP ( DT the ) ( NNP Tokyo ) ( NN stock ) ( NN price ) ( NN index ) ) ( PP ( IN of ) ( NP ( JJ first ) ( NN section ) ( NNS issues ) ) ) ) ( VP ( VBD was ) ( ADVP-PRD ( RB down ) ( NP ( CD 15.82 ) ) ) ( PP-LOC ( IN at ) ( NP ( CD 2681.76 ) ) ) ) )

On Friday the Tokyo stock price index of first section issues was down 15.82 at 2681.76


( S ( NP-SBJ-1 ( JJ First-section ) ( NN volume ) ) ( VP ( VBD was ) ( VP ( VBN estimated ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( CD 1.3 ) ( CD billion ) ) ( NNS shares ) ) ( ADVP ( RB up ) ( PP ( IN from ) ( NP ( QP ( CD 886 ) ( CD million ) ) ( NNS shares ) ) ( NP-TMP ( NNP Thursday ) ) ) ) ) ) ) ) )

First-section volume was estimated at 1.3 billion shares up from 886 million shares Thursday


( S ( NP-SBJ ( NP ( DT An ) ( NN official ) ) ( PP-LOC ( IN at ) ( NP ( NNP Wako ) ( NNPS Securities ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( NP ( NNS brokerages ) ( POS ' ) ) ( JJ excessive ) ( NNS expectations ) ) ( PP ( IN about ) ( NP ( NP ( JJ recent ) ( NNS advances ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Tokyu ) ( NNP Group ) ( NNS shares ) ) ( CC and ) ( NP ( JJ real ) ( NN estate ) ( NNS issues ) ) ) ) ) ) ) ( VP ( VBD were ) ( VP ( VBN dashed ) ( NP-TMP ( NNP Friday ) ) ) ) ) ) ) )

An official at Wako Securities said brokerages ' excessive expectations about recent advances in Tokyu Group shares and real estate issues were dashed Friday


( S ( NP-SBJ-1 ( NNS Dealers ) ) ( VP ( VBD placed ) ( NP ( JJ heavy ) ( NN buy ) ( NNS orders ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN morning ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB start ) ( NP ( NP ( DT the ) ( JJ first ) ( NN trading ) ( NN day ) ) ( PP ( IN for ) ( NP ( NNP November ) ( NNS transactions ) ) ) ) ) ) ) ) )

Dealers placed heavy buy orders in the morning to start the first trading day for November transactions


( S ( S-TPC-4 ( CC But ) ( NP-SBJ-3 ( PRP they ) ) ( VP ( VBD failed ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( DT these ) ( NNS stocks ) ) ( PP-DTV ( TO to ) ( NP ( NP ( NN client ) ( NNS investors ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD were ) ( ADJP-PRD ( JJ cautious ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( JJ sharp ) ( NNS gains ) ) ( SBAR ( S ( NP-SBJ ( DT these ) ( NNS issues ) ) ( VP ( VBD made ) ( NP-TMP ( DT this ) ( NN week ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Wako ) ( NN official ) ) ( VP ( VBD said ) ) )

But they failed to sell these stocks to client investors who were cautious about the sharp gains these issues made this week the Wako official said


( S ( NP-SBJ ( NN Fund ) ( NNS managers ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Friday ) ( POS 's ) ) ( NN profittaking ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( JJ natural ) ( NN result ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN week ) ( POS 's ) ) ( JJ abnormal ) ( NN fever ) ) ( PP-LOC ( IN in ) ( S-NOM ( VP ( VBG buying ) ( NP ( NP ( JJ real ) ( NN estate ) ) ( NP ( NN shipbuilding ) ) ( NP ( NN steel ) ) ( CC and ) ( NP ( NN construction ) ( NNS shares ) ) ) ) ) ) ) ) ) ) ) ) ) )

Fund managers said Friday 's profittaking was a natural result of the week 's abnormal fever in buying real estate shipbuilding steel and construction shares


( S ( NP-SBJ ( NNP Frankfurt ) ( NNS prices ) ) ( VP ( VBD closed ) ( ADJP-CLR ( JJR lower ) ) ( ADVP-TMP ( RB again ) ) ( NP-TMP ( NNP Friday ) ) ( NP-ADV ( NP ( NP ( DT the ) ( JJ fourth ) ( NN decline ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ past ) ( CD five ) ( NNS days ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN culmination ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN week ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD saw ) ( S ( NP-SBJ ( DT the ) ( NNP DAX ) ( NN index ) ) ( VP ( VB lose ) ( NP ( CD 4 ) ( NN % ) ) ) ) ) ) ) ) ) ) ) ) )

Frankfurt prices closed lower again Friday the fourth decline in the past five days and the culmination of a week that saw the DAX index lose 4 %


( S ( NP-SBJ ( DT The ) ( NNP DAX ) ) ( VP ( VBD dropped ) ( NP-EXT ( CD 19.69 ) ( NNS points ) ) ( NP-TMP ( NNP Friday ) ) ( PP-DIR ( TO to ) ( NP ( CD 1462.93 ) ) ) ) )

The DAX dropped 19.69 points Friday to 1462.93


( S ( NP-SBJ ( NNS Traders ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( VBN continued ) ( NN turbulence ) ) ( PP-LOC ( IN in ) ( NP ( JJ other ) ( NNS markets ) ) ) ( VP ( VBN coupled ) ( PP-CLR ( IN with ) ( NP ( NP ( DT the ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( NNP London ) ) ) ( PP ( VBG following ) ( NP ( DT the ) ( NNP Lawson ) ( NN resignation ) ) ) ) ) ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ responsible ) ) ) ) ) ) )

Traders said the continued turbulence in other markets coupled with the drop in London following the Lawson resignation were responsible


( S ( NP-SBJ ( NNS Traders ) ) ( VP ( VBD said ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ ( VBG selling ) ( NN pressure ) ) ( VP ( VBD was ) ( RB n't ) ( ADJP-PRD ( JJ enormous ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNP DAX ) ) ( VP ( VBD dropped ) ( NP-TMP ( NNP Friday ) ) ( PP ( ADVP ( JJR more ) ) ( IN on ) ( NP ( NP ( DT a ) ( NN lack ) ) ( PP ( IN of ) ( NP ( DT any ) ( JJ substantial ) ( NN buying ) ( NN interest ) ) ) ) ) ) ) ) ) ) )

Traders said that selling pressure was n't enormous and that the DAX dropped Friday more on a lack of any substantial buying interest


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBD said ) ( SBAR ( SINV ( VP-TPC-1 ( VBG contributing ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( JJ downward ) ( NN drift ) ) ) ) ( VP ( VBD was ) ) ( NP-SBJ ( DT the ) ( NN fact ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( JJ many ) ( JJ professional ) ( NNS traders ) ) ( VP ( VBD had ) ( VP ( VBN chosen ) ( S ( VP ( TO to ) ( VP ( VB square ) ( NP ( NNS positions ) ) ( ADVP-TMP ( RB ahead ) ( PP ( IN of ) ( NP ( DT the ) ( NN weekend ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

They said contributing to the downward drift was the fact that many professional traders had chosen to square positions ahead of the weekend


( SINV ( S-TPC-1 ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT the ) ( JJ whole ) ( NN uncertainty ) ) ( PP ( IN about ) ( SBAR-NOM ( WHNP-2 ( WP what ) ) ( S ( VP ( VBZ 's ) ( VP ( VBG happening ) ( PP-LOC ( IN around ) ( NP ( PRP us ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Valentin ) ( NNP Von ) ( NNP Korff ) ) ( NP ( NP ( DT a ) ( NN trader ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Credit ) ( NNP Suisse ) ( NNP First ) ( NNP Boston ) ) ( PP-LOC ( IN in ) ( NP ( NNP Frankfurt ) ) ) ) ) ) ) )

It 's the whole uncertainty about what 's happening around us said Valentin Von Korff a trader at Credit Suisse First Boston in Frankfurt


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP take ) ( ADVP-CLR ( RB away ) ) ( NP ( DT the ) ( JJ outside ) ( NNS influences ) ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN market ) ) ( NP ( PRP itself ) ) ) ( VP ( VBZ looks ) ( ADJP-PRD ( RB very ) ( JJ cheap ) ) ) )

If you take away the outside influences the market itself looks very cheap


( S ( SBAR-NOM-SBJ-2 ( WHNP-1 ( WP What ) ) ( S ( VP ( VBZ 's ) ( VP ( VBG happening ) ( ADVP-LOC ( RB here ) ) ) ) ) ) ( VP ( VBZ is ) ( RB n't ) ( VP ( VBN justified ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNS fundamentals ) ) ) ) ) )

What 's happening here is n't justified by the fundamentals


( S ( NP-SBJ ( NNS Traders ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBZ remains ) ( ADJP-PRD ( RB extremely ) ( JJ nervous ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT the ) ( JJ wild ) ( NNS swings ) ) ( VP ( VBN seen ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ) ) ) ) ) ) ) )

Traders said the market remains extremely nervous because of the wild swings seen on the New York Stock Exchange last week


( S-1 ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( VP ( VP ( VBG leaving ) ( NP ( JJ small ) ( NNS investors ) ) ( PP-CLR ( IN with ) ( NP ( JJ cold ) ( NNS feet ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD said ) ) ) ) ( CC and ) ( VP ( VBG prompting ) ( S ( NP-SBJ ( NNS institutions ) ) ( VP ( TO to ) ( VP ( VB take ) ( NP ( NP ( DT a ) ( VBN reserved ) ( NN stance ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNS sidelines ) ) ) ) ( ADVP ( IN as ) ( RB well ) ) ( SBAR-TMP ( ADVP ( IN at ) ( JJS least ) ) ( IN until ) ( S ( NP-SBJ ( NP ( DT the ) ( NN market ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ) ( VP ( VBZ settles ) ( PRT ( RP down ) ) ( ADVP-MNR ( RB somewhat ) ) ) ) ) ) ) ) ) ) ) )

That 's leaving small investors with cold feet they said and prompting institutions to take a reserved stance on the sidelines as well at least until the market in New York settles down somewhat


( S ( ADVP-LOC ( RB Elsewhere ) ) ( NP-SBJ ( NN share ) ( NNS prices ) ) ( VP ( VP ( VBD closed ) ( ADJP-CLR ( RBR lower ) ) ( PP-LOC ( IN in ) ( NP ( NNP Paris ) ( NNP Zurich ) ( NNP Amsterdam ) ( NNP Brussels ) ( CC and ) ( NNP Stockholm ) ) ) ) ( CC and ) ( VP ( VBD were ) ( ADJP-PRD ( VBN mixed ) ) ( PP-LOC ( IN in ) ( NP ( NNP Milan ) ) ) ) ) )

Elsewhere share prices closed lower in Paris Zurich Amsterdam Brussels and Stockholm and were mixed in Milan


( S ( NP-SBJ-1 ( DT The ) ( JJ British ) ( NN shakeup ) ) ( VP ( VBD was ) ( VP ( ADVP-MNR ( RB widely ) ) ( VBN cited ) ( PP ( IN for ) ( NP ( DT the ) ( NNS declines ) ) ) ) ) )

The British shakeup was widely cited for the declines


( S ( NP-SBJ ( NN Share ) ( NNS prices ) ) ( ADVP ( RB also ) ) ( VP ( VBD closed ) ( ADJP-CLR ( JJR lower ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Sydney ) ) ( NP ( NNP Hong ) ( NNP Kong ) ) ( NP ( NNP Singapore ) ) ( NP ( NNP Taipei ) ) ( NP ( NNP Manila ) ) ( NP ( NNP Wellington ) ) ( CC and ) ( NP ( NNP Seoul ) ) ) ) ) )

Share prices also closed lower in Sydney Hong Kong Singapore Taipei Manila Wellington and Seoul


( S ( NP-SBJ ( NP ( NN Concern ) ) ( PP ( IN about ) ( NP ( NP ( NNS declines ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ other ) ( NNS markets ) ) ( ADVP ( RB especially ) ) ( NP ( NNP New ) ( NNP York ) ) ) ) ) ) ) ( VP ( VBD caused ) ( NP ( JJ selling ) ( NN pressure ) ) ) )

Concern about declines in other markets especially New York caused selling pressure


( SINV ( ADVP-LOC-PRD-TPC-1 ( RB Here ) ) ( VP ( VBP are ) ) ( NP-SBJ ( NP ( NN price ) ( NNS trends ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( JJ major ) ( NN stock ) ( NNS markets ) ) ) ( SBAR ( IN as ) ( S ( VP ( VBN calculated ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Morgan ) ( NNP Stanley ) ( NNP Capital ) ( NNP International ) ( NNP Perspective ) ) ( NP-LOC ( NNP Geneva ) ) ) ) ) ) ) ) )

Here are price trends on the world 's major stock markets as calculated by Morgan Stanley Capital International Perspective Geneva


( S ( S-PRP ( VP ( TO To ) ( VP ( VB make ) ( S ( NP-SBJ ( PRP them ) ) ( ADJP-PRD ( RB directly ) ( JJ comparable ) ) ) ) ) ) ( NP-SBJ-1 ( DT each ) ( NN index ) ) ( VP ( VBZ is ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( S-NOM ( NP-SBJ ( NP ( DT the ) ( NN close ) ) ( PP ( IN of ) ( NP ( CD 1969 ) ) ) ) ( VP ( VBG equaling ) ( NP ( CD 100 ) ) ) ) ) ) ) )

To make them directly comparable each index is based on the close of 1969 equaling 100


( S ( NP-SBJ ( DT The ) ( NN percentage ) ( NN change ) ) ( VP ( VBZ is ) ( PP-PRD ( IN since ) ( NP ( NN year-end ) ) ) ) )

The percentage change is since year-end


( NP ( NP ( NP ( JJ Last ) ( NN week ) ( POS 's ) ) ( ADJP ( ADVP ( JJS best ) ( CC and ) ( JJS worst ) ) ( VBG performing ) ) ( NNS stocks ) ) ( PP-LOC ( IN among ) ( NP ( NP ( DT those ) ( NNS issues ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP make ) ( PRT ( RP up ) ) ( NP ( NP ( CD 80 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( NN stock ) ( NN market ) ( NN capitalization ) ) ) ) ( PRN ( PP ( IN in ) ( NP ( JJ local ) ( NN currency ) ) ) ) ) ) ) ) ) )

Last week 's best and worst performing stocks among those issues that make up 80 % of the world 's stock market capitalization in local currency


( NP ( NP ( NN Source ) ) ( NP ( NNP Morgan ) ( NNP Stanley ) ( NNP Capital ) ( NNP Intl ) ) )

Source Morgan Stanley Capital Intl


( S ( PP-TMP ( IN After ) ( NP ( NP ( NNS days ) ) ( PP ( IN of ) ( NP ( ADJP ( JJ intense ) ( CC but ) ( JJ fruitless ) ) ( NNS negotiations ) ) ) ) ) ( NP-SBJ-1 ( DT a ) ( JJ federal ) ( NN judge ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ( VP ( VBD threatened ) ( S ( VP ( TO to ) ( VP ( VB convert ) ( NP ( NP ( NNP William ) ( NNP Herbert ) ( NNP Hunt ) ( POS 's ) ) ( NN Chapter ) ( CD 11 ) ( JJ personal ) ( NN bankruptcy ) ( NN case ) ) ( PP-CLR ( IN into ) ( NP ( DT a ) ( NN Chapter ) ( CD 7 ) ( NN liquidation ) ) ) ) ) ) ) )

After days of intense but fruitless negotiations a federal judge last week threatened to convert William Herbert Hunt 's Chapter 11 personal bankruptcy case into a Chapter 7 liquidation


( S ( NP-SBJ ( NNP Judge ) ( NNP Harold ) ( NNP C. ) ( NNP Abramson ) ) ( VP ( VBD raised ) ( NP ( DT the ) ( NN possibility ) ) ( SBAR-TMP ( IN after ) ( S ( S ( NP-SBJ ( NP ( NNS talks ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB end ) ( NP ( NP ( DT a ) ( NN feud ) ) ( PP ( IN between ) ( NP ( CD two ) ( JJ major ) ( NNS creditors ) ) ) ) ) ) ) ) ) ( VP ( VBD failed ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( DT all ) ( CD three ) ( NN reorganization ) ( NNS plans ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN case ) ) ) ) ( VP ( VBD ran ) ( PP-CLR ( IN into ) ( NP ( NNS roadblocks ) ) ) ) ) ) ) ) )

Judge Harold C. Abramson raised the possibility after talks to end a feud between two major creditors failed and all three reorganization plans in the case ran into roadblocks


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-1 ( DT the ) ( NN case ) ) ( VP ( VBZ is ) ( VP ( VBN converted ) ( PP-CLR ( TO to ) ( NP ( NN Chapter ) ( CD 7 ) ) ) ) ) ) ) ( SBAR-NOM-SBJ-5 ( WHNP-3 ( WP what ) ) ( S ( VP ( VBZ remains ) ( PP-CLR ( IN of ) ( NP ( NP ( DT the ) ( NN oil ) ( NN tycoon ) ( POS 's ) ) ( JJ once-vast ) ( NN estate ) ) ) ) ) ) ( PRN ( S-ADV ( ADVP-TMP ( RB now ) ) ( VP ( VBN believed ) ( S ( VP ( TO to ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( NN value ) ) ( PP ( IN of ) ( NP ( QP ( JJR less ) ( IN than ) ( CD 125 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN sold ) ( PRT ( RP off ) ) ( ADVP-TMP ( RB quickly ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS proceeds ) ) ) ) ( VP ( VBG going ) ( PP-DIR ( TO to ) ( NP ( NP ( DT the ) ( NNP Internal ) ( NNP Revenue ) ( NNP Service ) ) ( SBAR ( WHNP-2 ( NP ( WP$ whose ) ( NN claim ) ) ( PP ( IN for ) ( NP ( NP ( QP ( CD 300 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( JJ back ) ( NNS taxes ) ) ) ) ) ) ( S ( VP ( VBZ has ) ( NP ( NN priority ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN case ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

If the case is converted to Chapter 7 what remains of the oil tycoon 's once-vast estate now believed to have a value of less than 125 million would be sold off quickly with most of the proceeds going to the Internal Revenue Service whose claim for 300 million in back taxes has priority in the case


( S ( NP-SBJ ( NP ( NNS Hundreds ) ) ( PP ( IN of ) ( NP ( JJR smaller ) ( NNS creditors ) ) ) ) ( VP ( MD could ) ( VP ( VB get ) ( NP ( NN nothing ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNS attorneys ) ) ( VP ( VBN involved ) ) ) ) ) ) ) )

Hundreds of smaller creditors could get nothing according to attorneys involved


( S ( SBAR-ADV ( IN While ) ( S ( VP ( VBG admitting ) ( SBAR ( S ( NP-SBJ ( PDT such ) ( DT a ) ( NN move ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( VBG devastating ) ) ( PP ( TO to ) ( NP ( JJS most ) ( NNS creditors ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNP Judge ) ( NNP Abramson ) ) ( VP ( VBD told ) ( NP ( NP ( DT a ) ( NN courtroom ) ) ( VP ( VBN filled ) ( PP-CLR ( IN with ) ( NP ( QP ( RB nearly ) ( CD two ) ( NN dozen ) ) ( NNS attorneys ) ) ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD was ) ( VP ( VBN concerned ) ( PP-CLR ( PP ( IN about ) ( NP ( NP ( DT the ) ( NN toll ) ) ( SBAR ( S ( NP-SBJ ( VBG mounting ) ( JJ legal ) ( NNS bills ) ) ( VP ( MD will ) ( VP ( VB take ) ( PP-CLR ( IN on ) ( NP ( NP ( NNP Mr. ) ( NNP Hunt ) ( POS 's ) ) ( VBG shrinking ) ( NN estate ) ) ) ) ) ) ) ) ) ( CC and ) ( PP ( IN about ) ( NP ( DT the ) ( NN fact ) ( SBAR ( IN that ) ( S ( PP-TMP ( VBG following ) ( NP ( NP ( NN voting ) ) ( PP ( IN by ) ( NP ( NNS creditors ) ) ) ) ) ( NP-SBJ-4 ( NP ( NN none ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN reorganization ) ( NNS plans ) ) ) ) ( VP ( VBD appeared ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ viable ) ) ( PP ( IN in ) ( NP ( PRP$ their ) ( JJ present ) ( NN form ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

While admitting such a move would be devastating to most creditors Judge Abramson told a courtroom filled with nearly two dozen attorneys that he was concerned about the toll mounting legal bills will take on Mr. Hunt 's shrinking estate and about the fact that following voting by creditors none of the reorganization plans appeared to be viable in their present form


( SINV ( S-TPC-2 ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( MD would ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( NN shame ) ) ( S-1 ( VP ( TO to ) ( VP ( VB have ) ( NP ( DT a ) ( NN Chapter ) ( CD 7 ) ) ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( PDT all ) ( DT the ) ( NN progress ) ) ( PP-LOC ( IN in ) ( NP ( DT this ) ( NN case ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NNP Judge ) ( NNP Abramson ) ) )

It would be a shame to have a Chapter 7 after all the progress in this case said Judge Abramson


( S ( PP-LOC ( IN Under ) ( NP ( NP ( NN Chapter ) ( CD 11 ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Federal ) ( NNP Bankruptcy ) ( NNP Code ) ) ) ) ) ( NP-SBJ-1 ( DT a ) ( NN company ) ) ( VP ( VBZ continues ) ( S ( VP ( TO to ) ( VP ( VB operate ) ( PP-LOC ( IN under ) ( NP ( NP ( NN protection ) ) ( PP ( IN from ) ( NP ( NP ( NNS creditors ) ( POS ' ) ) ( NNS lawsuits ) ) ) ) ) ( SBAR-TMP ( IN while ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ works ) ( PRT ( RP out ) ) ( NP ( NP ( DT a ) ( NN plan ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB pay ) ( NP ( PRP$ its ) ( NNS debts ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Under Chapter 11 of the Federal Bankruptcy Code a company continues to operate under protection from creditors ' lawsuits while it works out a plan to pay its debts


( S ( PP-LOC ( IN Under ) ( NP ( NN Chapter ) ( CD 7 ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NNS assets ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN company ) ) ) ) ( VP ( VBP are ) ( VP ( VBN sold ) ( PRT ( RP off ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB pay ) ( NP ( NNS creditors ) ) ) ) ) ) ) )

Under Chapter 7 the assets of a company are sold off to pay creditors


( S ( PP ( IN Despite ) ( NP ( PRP$ his ) ( NN reluctance ) ( S ( VP ( TO to ) ( VP ( VB take ) ( NP ( DT the ) ( JJ latter ) ( NN step ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN judge ) ) ( VP ( VBD indicated ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( MD would ) ( VP ( VB move ) ( ADVP-MNR ( RB quickly ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG hearing ) ( NP ( NN testimony ) ) ( NP-TMP ( RB later ) ( DT this ) ( NN week ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ bitter ) ( NN dispute ) ) ( PP ( IN between ) ( NP ( NP ( NNPS Manufacturers ) ( NNP Hanover ) ( NNP Trust ) ( NNP Co. ) ) ( CC and ) ( NP ( NP ( NNP Minpeco ) ( NNP S.A. ) ) ( NP ( NP ( DT a ) ( NNS minerals ) ( NN concern ) ) ( VP ( VBN owned ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( JJ Peruvian ) ( NN governmemt ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Despite his reluctance to take the latter step the judge indicated he would move quickly after hearing testimony later this week in the bitter dispute between Manufacturers Hanover Trust Co. and Minpeco S.A. a minerals concern owned by the Peruvian governmemt


( S ( NP-SBJ ( NP ( DT The ) ( NNPS Manufacturers ) ( NNP Hanover ) ( NNP Corp. ) ( NN unit ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( VP ( VBG seeking ) ( NP ( NP ( NN repayment ) ) ( PP ( IN of ) ( NP ( DT a ) ( ADJP ( QP ( CD 36 ) ( CD million ) ) ) ( NN loan ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN asked ) ( NP-3 ( DT the ) ( NN court ) ) ( S ( VP ( TO to ) ( VP ( VB give ) ( NP ( PRP$ its ) ( NN claim ) ) ( NP ( NP ( NN priority ) ) ( PP ( IN over ) ( NP ( NP ( DT that ) ) ( PP ( IN of ) ( NP ( NP ( NNP Minpeco ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD won ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 132 ) ( CD million ) ) ) ( NN judgment ) ) ( PP ( IN against ) ( NP ( NP ( NNP Mr. ) ( NNP Hunt ) ) ( NP ( PRP$ his ) ( NN brother ) ( NNP Nelson ) ( NNP Bunker ) ( NNP Hunt ) ) ( CC and ) ( NP ( JJ other ) ( NNS defendants ) ) ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN case ) ) ( VP ( VBG stemming ) ( PP-CLR ( IN from ) ( NP ( PRP$ their ) ( VBN alleged ) ( NNS attempts ) ( S ( VP ( TO to ) ( VP ( VB corner ) ( NP ( DT the ) ( JJ silver ) ( NN market ) ) ( FRAG ( PP ( IN in ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Manufacturers Hanover Corp. unit which is seeking repayment of a 36 million loan has asked the court to give its claim priority over that of Minpeco which won a 132 million judgment against Mr. Hunt his brother Nelson Bunker Hunt and other defendants last year in a case stemming from their alleged attempts to corner the silver market in


( S ( SBAR-ADV ( IN While ) ( S ( VP ( VBG claiming ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NNS penalties ) ) ( NP ( JJ legal ) ( NNS fees ) ) ( CC and ) ( NP ( NN interest ) ) ) ( VP ( VBP have ) ( VP ( VBN driven ) ( NP ( NP ( DT the ) ( NN value ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN claim ) ) ) ) ( PP-CLR ( TO to ) ( NP ( QP ( JJR more ) ( IN than ) ( CD 250 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNP Minpeco ) ) ( VP ( VBZ has ) ( VP ( VBN agreed ) ( S ( VP ( TO to ) ( VP ( VB settle ) ( PP-CLR ( IN for ) ( NP ( NP ( DT an ) ( JJ allowed ) ( NN claim ) ) ( PP ( IN of ) ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 65.7 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) )

While claiming that penalties legal fees and interest have driven the value of its claim to more than 250 million Minpeco has agreed to settle for an allowed claim of as much as 65.7 million


( S ( CC But ) ( NP-SBJ-1 ( RB even ) ( DT that ) ) ( VP ( VBZ is ) ( VP ( VBN disputed ) ( PP ( IN by ) ( NP-LGS ( NP ( NNPS Manufacturers ) ( NNP Hanover ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( PP ( IN in ) ( NP ( NP ( NN alliance ) ) ( PP ( IN with ) ( NP ( DT the ) ( NNP IRS ) ) ) ) ) ( VP ( VBZ contends ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Minpeco ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB already ) ) ( VP ( VBN collected ) ( NP ( NP ( JJR more ) ) ( PP ( IN than ) ( NP ( PRP$ its ) ( JJ actual ) ( NNS damages ) ) ) ) ( PP-CLR ( IN from ) ( NP ( NP ( JJ other ) ( NNS defendants ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN silver-conspiracy ) ( NN case ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But even that is disputed by Manufacturers Hanover which in alliance with the IRS contends that Minpeco has already collected more than its actual damages from other defendants in the silver-conspiracy case


( S ( PP-LOC ( IN Under ) ( NP ( NP ( VBG prodding ) ) ( PP ( IN from ) ( NP ( NNP Judge ) ( NNP Abramson ) ) ) ) ) ( NP-SBJ-1 ( DT a ) ( NNP Minpeco ) ( NN executive ) ) ( VP ( VBD flew ) ( ADVP-DIR ( IN in ) ( PP ( IN from ) ( NP ( NNP Peru ) ) ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB talk ) ( ADVP-MNR ( RB directly ) ) ( PP-CLR ( IN with ) ( NP ( NP ( NNS executives ) ) ( PP ( IN from ) ( NP ( NNPS Manufacturers ) ( NNP Hanover ) ) ) ) ) ( PP-CLR ( IN on ) ( NP ( DT a ) ( NN settlement ) ) ) ) ) ) ) )

Under prodding from Judge Abramson a Minpeco executive flew in from Peru last week to talk directly with executives from Manufacturers Hanover on a settlement