( S ( S ( NP-SBJ ( DT The ) ( NNP Sunset ) ( NNP District ) ) ( VP ( VBD was ) ( PP-PRD ( ADVP ( JJR more ) ( CC or ) ( JJR less ) ) ( IN like ) ( NP ( DT a ) ( NN pajama ) ( NN party ) ) ) ( NP-TMP ( DT all ) ( NN evening ) ) ) ) ( S ( NP-SBJ ( NP ( NNS lots ) ) ( PP ( IN of ) ( NP ( NNS people ) ( CC & ) ( NNS dogs ) ) ) ) ( VP ( VP ( VBG walking ) ( ADVP-DIR ( IN around ) ) ) ( VP ( VBG drinking ) ( NP ( NN beer ) ) ) ) ) )

The Sunset District was more or less like a pajama party all evening lots of people & dogs walking around drinking beer


6:50 a.m


CAROLG


( S ( S ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBD was ) ( ADVP ( RB just ) ) ( VP ( VBG sitting ) ( PRT ( RP down ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB meet ) ( PP-CLR ( IN with ) ( NP ( NP ( DT some ) ( JJ new ) ( NN therapy ) ( NNS clients ) ) ( NP ( DT a ) ( NN couple ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-2 ( DT the ) ( NN building ) ) ( VP ( VBD started ) ( S ( VP ( VBG shaking ) ( PP-MNR ( IN like ) ( ADJP ( JJ crazy ) ) ) ) ) ) ) )

I was just sitting down to meet with some new therapy clients a couple and the building started shaking like crazy


( S ( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( JJ flimsy ) ( NN structure ) ) ( VP ( VBN built ) ( PP-LOC-CLR ( IN up ) ( PP ( IN on ) ( NP ( NNS supports ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( ADVP ( RB really ) ) ( VP ( VBG rocking ) ( ADVP-DIR ( IN around ) ) ) ) ) )

It 's a flimsy structure built up on supports and it was really rocking around


( S ( S ( NP-SBJ-1 ( NP ( DT The ) ( CD three ) ) ( PP ( IN of ) ( NP ( PRP us ) ) ) ) ( VP ( VBD stopped ) ( S ( VP ( VBG breathing ) ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( NN moment ) ) ) ) ) ( CC and ) ( RB then ) ( S ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ-3 ( PRP it ) ) ( VP ( VBD kept ) ( PRT ( RP on ) ) ( S ( VP ( VBG coming ) ) ) ) ) ) ( NP-SBJ ( PRP we ) ) ( VP ( VBD lunged ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( NN doorway ) ) ) ) ) )

The three of us stopped breathing for a moment and then when it kept on coming we lunged for the doorway


( S ( S-ADV ( ADJP-PRD ( JJ Needless ) ( S ( VP ( TO to ) ( VP ( VB say ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( DT an ) ( JJ interesting ) ( JJ first ) ( NN session ) ) ) )

Needless to say it was an interesting first session


7:13 a.m


CALLIOPE


( S ( NP-SBJ-1 ( NNP Albany ) ) ( VP ( VBD escaped ) ( S-ADV ( ADJP-PRD ( RB embarrassingly ) ( JJ unscathed ) ) ) ) )

Albany escaped embarrassingly unscathed


( S ( NP-SBJ ( JJS Biggest ) ( NN trouble ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( VBN scared ) ( NN family ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VP ( MD could ) ( RB n't ) ( VP ( VB get ) ( NP ( DT a ) ( NN phone ) ( NN line ) ) ( ADVP-CLR ( RB through ) ) ) ) ( CC and ) ( VP ( VBD spent ) ( NP ( DT a ) ( ADJP ( RB really ) ( JJ horrible ) ) ( NN hour ) ) ( S-CLR ( RB not ) ( VP ( VBG knowing ) ) ) ) ) ) ) ) ) )

Biggest trouble was scared family who could n't get a phone line through and spent a really horrible hour not knowing


8:01 a.m


HLR


( S ( NP-SBJ ( NNP Judy ) ( CC and ) ( PRP I ) ) ( VP ( VBD were ) ( PP-LOC-PRD ( IN in ) ( NP ( PRP$ our ) ( NN back ) ( NN yard ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ-2 ( DT the ) ( NN lawn ) ) ( VP ( VBD started ) ( S ( VP ( VBG rolling ) ( PP-MNR ( IN like ) ( NP ( NN ocean ) ( NNS waves ) ) ) ) ) ) ) ) ) )

Judy and I were in our back yard when the lawn started rolling like ocean waves


( S ( S ( NP-SBJ-2 ( PRP We ) ) ( VP ( VBD ran ) ( PP-DIR ( IN into ) ( NP ( DT the ) ( NN house ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB get ) ( NP ( NNP Mame ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( JJ next ) ( NN tremor ) ) ( VP ( VP ( VBD threw ) ( NP ( PRP me ) ) ( PP-DIR ( IN in ) ( NP ( DT the ) ( NN air ) ) ) ) ( CC and ) ( VP ( VBD bounced ) ( NP ( PRP me ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBD tried ) ( S ( VP ( TO to ) ( VP ( VB get ) ( PP-CLR ( TO to ) ( NP ( PRP$ my ) ( NNS feet ) ) ) ) ) ) ) ) ) ) ) )

We ran into the house to get Mame but the next tremor threw me in the air and bounced me as I tried to get to my feet


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP are ) ( RB all ) ( ADJP-PRD ( JJ fine ) ) ( ADVP-LOC ( RB here ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( NNP Mame ) ) ( VP ( VBD was ) ( ADJP-PRD ( RB extremely ) ( VBN freaked ) ) ) ) ) ) )

We are all fine here although Mame was extremely freaked


( NP ( NP ( NN Kitchen ) ) ( ADJP ( JJ full ) ( PP ( IN of ) ( NP ( VBN broken ) ( NN crystal ) ) ) ) )

Kitchen full of broken crystal


( NP ( NP ( NNS Books ) ( CC and ) ( NNS tapes ) ) ( PP-LOC ( ADVP ( DT all ) ) ( IN over ) ( NP ( PRP$ my ) ( NN room ) ) ) )

Books and tapes all over my room


( S ( S ( NP-SBJ ( NP ( QP ( RB Not ) ( CD one ) ) ( NN thing ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN house ) ) ) ) ( VP ( VBZ is ) ( SBAR-LOC-PRD ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBN supposed ) ( S ( VP ( TO to ) ( VP ( VB be ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NN structure ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ fine ) ) ) ) )

Not one thing in the house is where it is supposed to be but the structure is fine


( S ( SBAR-TMP ( IN While ) ( S ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBD was ) ( VP ( VBG standing ) ( PP-LOC-CLR ( IN on ) ( NP ( DT the ) ( NN lawn ) ) ) ( PP ( IN with ) ( NP ( NNP Mame ) ) ) ( S-ADV ( VP ( VBG waiting ) ( PP-CLR ( IN for ) ( NP ( DT another ) ( NN tremor ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBD noticed ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PDT all ) ( DT the ) ( NNS earthworms ) ) ( VP ( VBD were ) ( VP ( VP ( VBG emerging ) ( PP-DIR ( IN from ) ( NP ( DT the ) ( NN ground ) ) ) ) ( CC and ) ( VP ( VBG slithering ) ( PP-DIR ( IN across ) ( NP ( DT the ) ( NN lawn ) ) ) ) ) ) ) ) ) )

While I was standing on the lawn with Mame waiting for another tremor I noticed that all the earthworms were emerging from the ground and slithering across the lawn


9:31 a.m.


( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ amazing ) ) ( SBAR-2 ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( CD one ) ( NN second ) ) ( VP ( MD can ) ( VP ( ADVP-MNR ( RB so ) ( RB completely ) ) ( VB change ) ( NP ( PRP$ your ) ( NN life ) ) ) ) ) ) ) )

It 's amazing how one second can so completely change your life


9:38 a.m


FIG


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP guess ) ( SBAR ( S ( NP-SBJ-1 ( PRP we ) ) ( VP ( VBP 're ) ( DT all ) ( VP ( VBG living ) ( ADVP-MNR ( RB very ) ( RB tentatively ) ) ( ADVP-LOC ( RB here ) ) ( S-ADV ( VP ( VBG waiting ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( ADJP ( VBN expected ) ( CC but ) ( VBN dreaded ) ) ( NN aftershock ) ) ) ) ) ) ) ) ) ) )

I guess we 're all living very tentatively here waiting for the expected but dreaded aftershock


( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ hard ) ) ( S-1 ( VP ( TO to ) ( VP ( VB accept ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VP ( VBZ 's ) ( ADVP-PRD ( IN over ) ) ) ( CC and ) ( VP ( ADVP ( RB only ) ) ( VBD took ) ( NP ( CD 15 ) ( NNS seconds ) ) ) ) ) ) ) ) ) ) )

It 's hard to accept that it 's over and only took 15 seconds


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP wonder ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ-2 ( PRP we ) ) ( VP ( MD 'll ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB relax ) ) ) ) ) ) ) ) ) ) )

I wonder when we 'll be able to relax


9:53 a.m


PANDA


( S ( NP-SBJ ( NN Flesh ) ) ( VP ( VBZ goes ) ( PP-CLR ( TO to ) ( NP ( NN total ) ( JJ alert ) ) ) ( PP ( IN for ) ( NP ( NN flight ) ( CC or ) ( NN fight ) ) ) ) )

Flesh goes to total alert for flight or fight


( S ( NP-SBJ ( NN Nausea ) ) ( VP ( VBZ seems ) ( NP-PRD ( DT a ) ( JJ commonplace ) ( NN symptom ) ) ) )

Nausea seems a commonplace symptom


( FRAG ( NP ( NNP Berkeley ) ) ( ADJP ( RB very ) ( JJ quiet ) ) ( ADVP-TMP ( RB right ) ( RB now ) ) )

Berkeley very quiet right now


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBD walked ) ( PP-DIR ( IN along ) ( NP ( NNP Shattuck ) ) ) ( PP-LOC ( IN between ) ( NP ( NNP Delaware ) ( CC and ) ( NNP Cedar ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT a ) ( JJ few ) ( NNS minutes ) ) ( PP-TMP ( IN before ) ( NP ( CD eight ) ) ) ) ) ( NP-TMP ( DT this ) ( NN morning ) ) ) )

I walked along Shattuck between Delaware and Cedar at a few minutes before eight this morning


( S ( S ( ADVP-LOC ( JJ Next ) ( PP ( TO to ) ( NP ( NNP Chez ) ( NNP Panisse ) ) ) ) ( NP-SBJ-1 ( DT a ) ( JJ homeless ) ( NN couple ) ) ( S-ADV ( VP ( VBN bundled ) ( PP-CLR ( IN into ) ( NP ( DT a ) ( JJ blue ) ( VBG sleeping ) ( NN bag ) ) ) ) ) ( VP ( VP ( VBD sat ) ( PRT ( IN up ) ) ) ( VP ( VBD said ) ( INTJ ( JJ Good ) ( NN morning ) ) ) ) ) ( CC and ) ( RB then ) ( S ( NP-SBJ ( DT the ) ( NN woman ) ) ( VP ( VP ( VBD smiled ) ) ( VP ( VBD said ) ( SQ ( VBZ Is ) ( RB n't ) ( NP-SBJ ( NP ( PRP it ) ) ) ( ADJP-PRD ( JJ great ) ) ( S-2 ( ADVP ( RB just ) ) ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ alive ) ) ) ) ) ) ) ) ) )

Next to Chez Panisse a homeless couple bundled into a blue sleeping bag sat up said Good morning and then the woman smiled said Is n't it great just to be alive


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBD agreed ) ) )

I agreed


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ is ) ) )

It is


Great


( S ( NP-SBJ ( NNP Doman ) ( NNPS Industries ) ( NNP Ltd. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD increased ) ( NP ( NP ( PRP$ its ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( NNP Western ) ( NNP Forest ) ( NNPS Products ) ( NNP Ltd. ) ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 56 ) ( NN % ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 22 ) ( NN % ) ) ) ( PP ( IN through ) ( NP ( NP ( DT a ) ( JJ two-step ) ( NN transaction ) ) ( VP ( VBN valued ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( CD 137 ) ( CD million ) ) ( JJ Canadian ) ( NNS dollars ) ) ( PRN ( NP ( QP ( CD US116.7 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) )

Doman Industries Ltd. said it increased its stake in Western Forest Products Ltd. to 56 % from 22 % through a two-step transaction valued at 137 million Canadian dollars US116.7 million


( S ( NP-SBJ-1 ( NNP Doman ) ) ( VP ( VBZ is ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Duncan ) ) ( NP ( NNP British ) ( NNP Columbia ) ) ) ) ) ) )

Doman is based in Duncan British Columbia


( S ( NP-SBJ ( NP ( DT The ) ( NN company ) ) ( VP ( VBN founded ) ( CC and ) ( VBN controlled ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Harbanse ) ( NNP Doman ) ) ( NP ( PRP$ its ) ( NN chairman ) ( CC and ) ( NN president ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN purchase ) ) ( VP ( MD would ) ( VP ( VB make ) ( S ( NP-SBJ ( PRP it ) ) ( NP-PRD ( NP ( NNP Canada ) ( POS 's ) ) ( ADJP ( JJ 10th ) ( JJS largest ) ) ( NN forest ) ( NNS products ) ( NN company ) ) ) ) ) ) ) ) )

The company founded and controlled by Harbanse Doman its chairman and president said the purchase would make it Canada 's 10th largest forest products company


( S ( PP-LOC ( IN Under ) ( NP ( NP ( NNS terms ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN transaction ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD was ) ( VP ( VBN proposed ) ( PP-TMP ( IN in ) ( NP ( NNP June ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Doman ) ) ( VP ( VBD said ) ( SBAR ( S ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD acquired ) ( NP ( NP ( NP ( NNP International ) ( NNP Forest ) ( NNPS Products ) ( NNP Ltd. ) ( POS 's ) ) ( ADJP ( CD 22 ) ( NN % ) ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( NNP Western ) ( NNP Forest ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Western ) ( NNP Forest ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( VBN related ) ( NN transaction ) ) ) ( VP ( VBD bought ) ( PRT ( RP back ) ) ( NP ( NP ( DT a ) ( ADJP ( CD 22 ) ( NN % ) ) ( NN interest ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN company ) ) ) ) ( PP-CLR ( IN from ) ( NP ( NNP Fletcher ) ( NNP Challenge ) ( NNP Canada ) ( NNP Ltd ) ) ) ) ) ) ) ) )

Under terms of the transaction which was proposed in June Doman said it acquired International Forest Products Ltd. 's 22 % stake in Western Forest and Western Forest in a related transaction bought back a 22 % interest in the company from Fletcher Challenge Canada Ltd


( S-1 ( NP-SBJ-2 ( DT The ) ( NNP Fletcher ) ( NNP Challenge ) ( NNP Canada ) ( NN stake ) ) ( VP ( VBD was ) ( ADVP-TMP ( RB then ) ) ( VP ( VBN canceled ) ( PRN ( S ( NP-SBJ ( NNP Doman ) ) ( VP ( VBD said ) ) ) ) ( S-ADV ( VP ( VBG raising ) ( NP ( NP ( NP ( NNP Doman ) ( POS 's ) ) ( NN interest ) ) ( PP-LOC ( IN in ) ( NP ( NNP Western ) ( NNP Forest ) ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 56 ) ( NN % ) ) ) ) ) ) ) )

The Fletcher Challenge Canada stake was then canceled Doman said raising Doman 's interest in Western Forest to 56 %


( S ( NP-SBJ ( NNP Doman ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBD was ) ( ADVP ( RB also ) ) ( VP ( VBN granted ) ( NP ( DT an ) ( NN option ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( DT the ) ( VBG remaining ) ( ADJP ( CD 44 ) ( NN % ) ) ( NN interest ) ) ( PP-LOC ( IN in ) ( NP ( NNP Western ) ( NNP Forest ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBN held ) ( PP ( IN by ) ( NP-LGS ( CD two ) ( JJ Canadian ) ( NNS banks ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Doman said it was also granted an option to acquire the remaining 44 % interest in Western Forest which is currently held by two Canadian banks


( S ( NP-SBJ ( NP ( NNP International ) ( NNP Forest ) ) ( NP ( NNP Western ) ( NNP Forest ) ) ( CC and ) ( NP ( NNP Fletcher ) ( NNP Challenge ) ( NNP Canada ) ) ) ( VP ( VBP are ) ( NP-PRD ( JJ Vancouver-based ) ( NN forest ) ( NNS products ) ( NNS concerns ) ) ) )

International Forest Western Forest and Fletcher Challenge Canada are Vancouver-based forest products concerns


( S ( NP-SBJ ( NP ( VBG Slowing ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ profitable ) ( NNP Jeep ) ( NNP Cherokee ) ( CC and ) ( NNP Wagoneer ) ( NN sport ) ( NN utility ) ( NNS vehicles ) ) ) ) ( VP ( VBP are ) ( VP ( VBG forcing ) ( S ( NP-SBJ ( NNP Chrysler ) ( NNP Corp. ) ) ( VP ( TO to ) ( ADVP-TMP ( RB temporarily ) ) ( VP ( VB idle ) ( NP ( PRP$ its ) ( NAC-LOC ( NNP Toledo ) ( NNP Ohio ) ) ( NN assembly ) ( NN plant ) ) ( PP-TMP ( IN for ) ( NP ( NP ( DT the ) ( JJ first ) ( NN time ) ) ( PP-TMP ( IN since ) ( NP ( NNP April ) ( CD 1986 ) ) ) ) ) ) ) ) ) ) )

Slowing sales of its profitable Jeep Cherokee and Wagoneer sport utility vehicles are forcing Chrysler Corp. to temporarily idle its Toledo Ohio assembly plant for the first time since April 1986


( S ( S-TPC-2 ( S ( NP-SBJ-3 ( QP ( IN About ) ( CD 5,500 ) ) ( JJ hourly ) ( NNS workers ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN laid ) ( PRT ( RP off ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( NN week ) ) ) ( PP-TMP ( NN beginning ) ( NP ( NNP Oct. ) ( CD 23 ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( RB overtime ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN eliminated ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN plant ) ) ) ( PP-TMP ( IN for ) ( NP ( DT the ) ( JJ fourth ) ( NN quarter ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NNP Chrysler ) ( NN spokesman ) ) ( VP ( VBD said ) ) )

About 5,500 hourly workers will be laid off for a week beginning Oct. 23 and overtime has been eliminated at the plant for the fourth quarter a Chrysler spokesman said


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( JJ significant ) ( NN change ) ) ( PP ( IN from ) ( NP ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ( SBAR ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ-1 ( DT the ) ( NN plant ) ) ( VP ( VBD worked ) ( NP ( JJ substantial ) ( NN overtime ) ) ( S-ADV ( ADVP ( RB only ) ) ( VP ( TO to ) ( VP ( VB have ) ( S ( NP-SBJ ( NNS sales ) ) ( VP ( VB fall ) ( ADVP-CLR ( RB short ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ bullish ) ( NNS expectations ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

That 's a significant change from earlier this year when the plant worked substantial overtime only to have sales fall short of the company 's bullish expectations


( S ( NP-SBJ ( NP ( NNS Sales ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Cherokee ) ) ( NP ( DT the ) ( JJ best-selling ) ( NN Jeep ) ) ) ( CC and ) ( NP ( DT the ) ( JJ lower-volume ) ( NN Wagoneer ) ) ) ) ) ( VP ( VBD were ) ( ADVP ( RB actually ) ) ( ADVP-PRD ( IN up ) ( NP ( QP ( IN about ) ( CD 10 ) ) ( NN % ) ) ) ( PP-TMP ( IN through ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( JJ last ) ( NN month ) ) ) ) ) ) )

Sales of Cherokee the best-selling Jeep and the lower-volume Wagoneer were actually up about 10 % through the end of last month


( S ( CC But ) ( NP-SBJ ( DT that ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( ADJP ( JJR less ) ) ( SBAR ( IN than ) ( S ( NP-SBJ ( NNP Chrysler ) ( NNS officials ) ) ( VP ( VBD had ) ( VP ( VBN hoped ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP set ) ( NP ( NP ( JJ ambitious ) ( NN production ) ( NNS schedules ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNP Toledo ) ( NN plant ) ) ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ) ) ) ) ) ) ) ) )

But that 's less than Chrysler officials had hoped when they set ambitious production schedules for the Toledo plant earlier this year


( S ( S-TPC-3 ( SBAR-TMP ( ADVP ( RB Even ) ) ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBD became ) ( ADJP-PRD ( JJ clear ) ) ( NP-TMP ( DT this ) ( NN spring ) ) ( SBAR-2 ( DT that ) ( S ( NP-SBJ ( NN demand ) ) ( VP ( VBD was ) ( RB n't ) ( VP ( VBG coming ) ( PP-CLR ( IN up ) ( PP ( TO to ) ( NP ( NNS expectations ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-4 ( NNP Chrysler ) ( NNS officials ) ) ( VP ( VBD resisted ) ( S ( VP ( VBG cutting ) ( NP ( NN output ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NNP Cherokee ) ( CC and ) ( NNP Wagoneer ) ) ( VP ( VBP are ) ( NP-PRD ( ADJP ( RB very ) ( JJ profitable ) ) ( NNS vehicles ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN spokesman ) ) ( VP ( VBD said ) ) )

Even when it became clear this spring that demand was n't coming up to expectations Chrysler officials resisted cutting output because Cherokee and Wagoneer are very profitable vehicles the spokesman said


( S ( ADVP ( RB Instead ) ) ( NP-SBJ ( NNP Chrysler ) ( NNS officials ) ) ( PP-TMP ( IN in ) ( NP ( JJ late ) ( NNP May ) ) ) ( VP ( VBD slapped ) ( NP ( NP ( ADJP ( CD 1,000 ) ) ( NN cash ) ( NNS rebates ) ) ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NNS vehicles ) ) ) ( PP-1 ( VBG including ) ( NP ( NP ( DT the ) ( JJ first ) ( JJ such ) ( NNS incentives ) ) ( PP ( IN on ) ( NP ( DT the ) ( JJ popular ) ( JJ four-door ) ( NNP Cherokee ) ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ ( NNP Chrysler ) ) ( VP ( VBD bought ) ( NP ( NN Jeep ) ) ( PP-TMP ( IN in ) ( NP ( CD 1987 ) ) ) ) ) ) ) ) ) )

Instead Chrysler officials in late May slapped 1,000 cash rebates on the vehicles including the first such incentives on the popular four-door Cherokee since Chrysler bought Jeep in 1987


( S ( S ( NP-SBJ ( DT The ) ( NNS incentives ) ) ( VP ( VBD boosted ) ( NP ( NNS sales ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( NN while ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NN pace ) ) ( VP ( VBD had ) ( VP ( VBN cooled ) ( PP-TMP ( IN by ) ( NP ( JJ last ) ( NN month ) ) ) ) ) ) )

The incentives boosted sales for a while but the pace had cooled by last month


( NP ( NP ( DT The ) ( NN result ) ) ( S ( NP-SBJ ( NNP Chrysler ) ( NNS dealers ) ) ( VP ( VP ( VBD had ) ( NP-2 ( NP ( DT a ) ( JJ bloated ) ( JJ 82-day ) ( NN supply ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Cherokee ) ) ) ) ( PP-TMP ( IN as ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( JJ last ) ( NN month ) ) ) ) ) ) ) ( CC and ) ( VP ( NP=2 ( NP ( DT a ) ( JJ 161-day ) ( NN supply ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Comanche ) ( NN pickup ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( NP-SBJ ( NNP Toledo ) ) ( ADVP ( RB also ) ) ( VP ( VBZ builds ) ) ) ) ) ) ) ) ) ) )

The result Chrysler dealers had a bloated 82-day supply of the Cherokee as of the end of last month and a 161-day supply of the Comanche pickup which Toledo also builds


( S ( NP-SBJ-1 ( DT A ) ( ADJP ( JJ 60-day ) ( TO to ) ( JJ 65-day ) ) ( NN supply ) ) ( VP ( VBZ is ) ( VP ( VBN considered ) ( S ( ADJP-PRD ( JJ normal ) ) ) ) ) )

A 60-day to 65-day supply is considered normal


( S ( PP-LOC ( IN At ) ( NP ( NP ( NNP Jasper ) ( NNP Jeep-Eagle ) ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJS largest ) ( NN Jeep ) ( NNS dealerships ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN country ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNS inventories ) ) ( VP ( VBP have ) ( VP ( VBN continued ) ( S ( VP ( TO to ) ( VP ( VB swell ) ) ) ) ) ) )

At Jasper Jeep-Eagle one of the largest Jeep dealerships in the country inventories have continued to swell


( S ( NP-SBJ ( NP ( NNP Steve ) ( NNP Lowe ) ) ( NP ( NP ( JJ general ) ( NN manager ) ) ( PP ( IN of ) ( NP ( NAC-LOC ( NNP Jasper ) ( NNP Ga. ) ) ( NN dealership ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( JJ new ) ( NNS rebates ) ) ( PP ( IN of ) ( NP ( QP ( CD 500 ) ( TO to ) ( CD 1,000 ) ) ) ) ( PP ( IN on ) ( NP ( DT the ) ( NNS models ) ) ) ) ( VP ( VBP have ) ( VP ( VP ( VBN stimulated ) ( NP ( NNS sales ) ) ) ( CC but ) ( VP ( ADVP=1 ( RB not ) ( RB enough ) ( S ( VP ( TO to ) ( ADVP-MNR ( RB significantly ) ) ( VP ( VB cut ) ( NP ( NN dealer ) ( NNS stocks ) ) ) ) ) ) ) ) ) ) ) ) )

Steve Lowe general manager of Jasper Ga. dealership said new rebates of 500 to 1,000 on the models have stimulated sales but not enough to significantly cut dealer stocks


( S ( S-TPC-2 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( NNS people ) ) ( VP ( VBP are ) ( RB n't ) ( VP ( VBG buying ) ) ) ) ) ( NP-SBJ-1 ( PRP you ) ) ( VP ( VBP have ) ( S ( VP ( TO to ) ( VP ( VB close ) ( NP ( NNS plants ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

If people are n't buying you have to close plants he said


( S ( ADVP ( RB Separately ) ) ( NP-SBJ ( NNP Chrysler ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB idle ) ( PP-TMP ( IN for ) ( NP ( CD four ) ( NNS weeks ) ) ) ( NP ( NP ( DT the ) ( NNP St. ) ( NNP Louis ) ( NN assembly ) ( NN plant ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ builds ) ( NP ( DT the ) ( NNP Chrysler ) ( NNP LeBaron ) ( CC and ) ( NNP Dodge ) ( NNP Daytona ) ( NNS models ) ) ) ) ) ) ) ) ) ) ) )

Separately Chrysler said it will idle for four weeks the St. Louis assembly plant that builds the Chrysler LeBaron and Dodge Daytona models


( S ( NP-SBJ ( NNP Chrysler ) ( NNS officials ) ) ( VP ( VBD said ) ( SBAR ( S ( S ( NP-SBJ-2 ( DT the ) ( NN plant ) ) ( VP ( VBZ is ) ( VP ( VBN scheduled ) ( S ( VP ( TO to ) ( VP ( VB resume ) ( NP ( NN production ) ) ( PP-TMP ( IN on ) ( NP ( NNP Nov. ) ( CD 20. ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( CD 3,300 ) ( JJ hourly ) ( NNS workers ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN affected ) ) ) ) ) ) ) ) )

Chrysler officials said the plant is scheduled to resume production on Nov. 20. and 3,300 hourly workers will be affected


( S ( NP-SBJ ( NNP General ) ( NNPS Motors ) ( NNP Corp. ) ) ( ADVP-TMP ( RB meanwhile ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB idle ) ( PP-TMP ( IN for ) ( NP ( ADJP ( RB yet ) ( DT another ) ) ( NN week ) ) ) ( NP ( PRP$ its ) ( NAC-LOC ( NNP Linden ) ( NNP N.J. ) ) ( NN assembly ) ( NN plant ) ) ( S-ADV ( VP ( VBG bringing ) ( PP-CLR ( TO to ) ( NP ( CD three ) ( NNS weeks ) ) ) ( NP ( NP ( DT the ) ( JJ total ) ( NN time ) ) ( SBAR ( S ( NP-SBJ-1 ( DT that ) ( NN plant ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN idled ) ( PP-TMP ( IN during ) ( NP ( NNP October ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

General Motors Corp. meanwhile said it will idle for yet another week its Linden N.J. assembly plant bringing to three weeks the total time that plant will be idled during October


( S ( NP-SBJ ( NNP GM ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( NP ( DT the ) ( NN assembly ) ( NN plant ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ builds ) ( NP ( DT the ) ( NNP Chevrolet ) ( NNP Corsica ) ( CC and ) ( NNP Beretta ) ( JJ compact ) ( NNS cars ) ) ) ) ) ) ( VP ( VP ( ADVP ( RB originally ) ) ( VBD was ) ( VP ( VBN scheduled ) ( S ( VP ( TO to ) ( VP ( VB reopen ) ( NP-TMP ( NNP Monday ) ) ) ) ) ) ) ( CC but ) ( VP ( ADVP-TMP ( RB now ) ) ( MD will ) ( RB not ) ( VP ( VB resume ) ( NP ( NN production ) ) ( PP-TMP ( IN until ) ( NP ( NNP Oct. ) ( CD 30 ) ) ) ) ) ) ) ) ) )

GM said the assembly plant which builds the Chevrolet Corsica and Beretta compact cars originally was scheduled to reopen Monday but now will not resume production until Oct. 30


( S ( NP-SBJ ( DT The ) ( NN shutdown ) ) ( VP ( VP ( VBZ affects ) ( NP ( CD 3,000 ) ( NNS workers ) ) ) ( CC and ) ( VP ( MD will ) ( VP ( VB cut ) ( NP ( NN output ) ) ( PP-EXT ( IN by ) ( NP ( QP ( IN about ) ( CD 4,320 ) ) ( NNS cars ) ) ) ) ) ) )

The shutdown affects 3,000 workers and will cut output by about 4,320 cars


( S ( NP-SBJ ( NP ( JJ Sluggish ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Beretta ) ( CC and ) ( NNP Corsica ) ) ) ) ( VP ( VBD spurred ) ( S ( NP-SBJ ( NNP GM ) ) ( VP ( TO to ) ( VP ( VB offer ) ( NP ( NP ( ADJP ( CD 800 ) ) ( NNS rebates ) ) ( PP ( IN on ) ( NP ( DT those ) ( NNS cars ) ) ) ) ) ) ) ) )

Sluggish sales of the Beretta and Corsica spurred GM to offer 800 rebates on those cars


( S ( S ( NP-SBJ ( DT The ) ( NNP Corsica ) ( CC and ) ( NNP Beretta ) ) ( VP ( VB make ) ( PRT ( RP up ) ) ( NP ( NP ( DT the ) ( JJ highest-volume ) ( NN car ) ( NN line ) ) ( PP-LOC ( IN at ) ( NP ( NNP Chevrolet ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS cars ) ) ) ) ( VP ( VP ( VBP are ) ( ADVP-PRD ( IN off ) ( NP ( CD 9.6 ) ( NN % ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN year ) ) ) ) ( CC and ) ( VP ( VBD fell ) ( NP-EXT ( DT a ) ( JJ steep ) ( CD 34.2 ) ( NN % ) ) ( NP-TMP ( RB early ) ( DT this ) ( NN month ) ) ) ) ) )

The Corsica and Beretta make up the highest-volume car line at Chevrolet but sales of the cars are off 9.6 % for the year and fell a steep 34.2 % early this month


( S ( NP-SBJ ( NNP GM ) ) ( VP ( VBZ has ) ( VP ( VBN scheduled ) ( NP ( RB overtime ) ) ( PP-LOC ( IN at ) ( NP ( NP ( PRP$ its ) ( NAC-LOC ( NNP Lordstown ) ( NNP Ohio ) ) ( CC and ) ( NAC-LOC ( NNP Janesville ) ( NNP Wis. ) ) ( NN assembly ) ( NNS plants ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBP build ) ( NP ( DT the ) ( NNP Chevrolet ) ( NNP Cavalier ) ) ) ) ) ) ) ) ) )

GM has scheduled overtime at its Lordstown Ohio and Janesville Wis. assembly plants which build the Chevrolet Cavalier


( S ( NP-SBJ ( NNP Ford ) ( NNP Motor ) ( NNP Co. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB shut ) ( PRT ( RP down ) ) ( PP-TMP ( IN for ) ( NP ( CD one ) ( NN week ) ) ) ( NP ( PRP$ its ) ( NNP Kentucky ) ( NNP Truck ) ( NNP Plant ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT a ) ( NN shortage ) ) ( PP ( IN of ) ( NP ( NN dealer ) ( NNS orders ) ) ) ) ) ) ) ) ) ) )

Ford Motor Co. said it will shut down for one week its Kentucky Truck Plant because of a shortage of dealer orders


( S ( NP-SBJ ( DT The ) ( NN shutdown ) ) ( VP ( MD will ) ( VP ( VP ( VB idle ) ( NP ( CD 2,000 ) ( JJ hourly ) ( NNS employees ) ) ) ( CC and ) ( VP ( VB eliminate ) ( NP ( NP ( NN production ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 1,300 ) ) ( NN medium ) ( CC and ) ( JJ heavy ) ( NN duty ) ( NNS trucks ) ) ) ) ) ) ) )

The shutdown will idle 2,000 hourly employees and eliminate production of about 1,300 medium and heavy duty trucks


( S ( NP-SBJ-1 ( DT The ) ( NN assembly ) ( NN plant ) ) ( VP ( VBZ is ) ( VP ( VBN scheduled ) ( S ( VP ( TO to ) ( VP ( VB resume ) ( NP ( NN production ) ) ( PP-TMP ( IN on ) ( NP ( NNP Oct. ) ( CD 30 ) ) ) ) ) ) ) ) )

The assembly plant is scheduled to resume production on Oct. 30


( S ( ADVP-TMP ( RB Meanwhile ) ) ( NP-SBJ-1 ( DT the ) ( CD nine ) ( JJ major ) ( NNP U.S. ) ( NN auto ) ( NNS makers ) ) ( VP ( VBP plan ) ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( NP ( CD 143,178 ) ( NNS cars ) ) ) ( NP-TMP ( DT this ) ( NN week ) ) ( UCP-2 ( ADVP ( IN down ) ( NP ( CD 11.7 ) ( NN % ) ) ( PP ( IN from ) ( NP ( CD 162,190 ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( IN ago ) ) ) ) ( CC and ) ( ADJP ( RB flat ) ( PP ( IN with ) ( NP ( NP ( JJ last ) ( NN week ) ( POS 's ) ) ( CD 142,117 ) ( NN car ) ( NN output ) ) ) ) ) ) ) ) ) )

Meanwhile the nine major U.S. auto makers plan to build 143,178 cars this week down 11.7 % from 162,190 a year ago and flat with last week 's 142,117 car output


( X ( NP ( SYM f ) ) ( FRAG ( VP ( VBZ Includes ) ( NP ( NP ( NNP Chevrolet ) ( NNP Prizm ) ) ( CC and ) ( NP ( NNP Toyota ) ( NNP Corolla ) ) ) ) ) )

f Includes Chevrolet Prizm and Toyota Corolla


( X ( NP ( SYM r ) ) ( VP ( VBN Revised ) ) )

r Revised


( X ( NP ( SYM x ) ) ( S ( NP-SBJ ( JJ Year-to-date ) ( CD 1988 ) ( NN figure ) ) ( VP ( VBZ includes ) ( NP ( NP ( NNP Volkswagen ) ( NN domestic-production ) ) ( PP-TMP ( IN through ) ( NP ( NNP July ) ) ) ) ) ) )

x Year-to-date 1988 figure includes Volkswagen domestic-production through July


( S ( NP-SBJ-2 ( NNP London ) ( NNS shares ) ) ( VP ( VBD rallied ) ( S-ADV ( VP ( TO to ) ( VP ( VB post ) ( NP ( JJ strong ) ( NNS gains ) ) ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( JJ initial ) ( NNS fears ) ) ( VP ( VBD evaporated ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNP California ) ( NN earthquake ) ) ( VP ( MD would ) ( VP ( VB depress ) ( NP ( NNP Wall ) ( NNP Street ) ( NNS prices ) ) ) ) ) ) ) ) ) ) )

London shares rallied to post strong gains after initial fears evaporated that the California earthquake would depress Wall Street prices


( S ( S ( NP-SBJ ( NP ( NNP Tokyo ) ( NNS stocks ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD rebounded ) ( ADVP-MNR ( RB strongly ) ) ( NP-TMP ( NNP Tuesday ) ) ) ) ) ) ( VP ( VBD extended ) ( NP ( PRP$ their ) ( NNS gains ) ) ( NP-TMP ( NN yesterday ) ) ) ) ( CC but ) ( S ( NP-SBJ-2 ( RBS most ) ( JJ other ) ( ADJP ( JJ Asian ) ( CC and ) ( JJ Pacific ) ) ( NNS markets ) ) ( VP ( VBD closed ) ( S-ADV ( ADJP-PRD ( RB sharply ) ( JJR lower ) ) ) ) ) )

Tokyo stocks which rebounded strongly Tuesday extended their gains yesterday but most other Asian and Pacific markets closed sharply lower


( S ( PP-LOC ( IN In ) ( NP ( NNP London ) ) ) ( NP-SBJ-1 ( DT the ) ( NNP Financial ) ( NNP Times-Stock ) ( NNP Exchange ) ( JJ 100-share ) ( NN index ) ) ( VP ( VBD jumped ) ( NP-EXT ( CD 34.6 ) ( NNS points ) ) ( S-ADV ( VP ( TO to ) ( VP ( VB close ) ( PP-CLR ( IN at ) ( NP ( NP ( PRP$ its ) ( NN intraday ) ( JJ high ) ) ( PP ( IN of ) ( NP ( CD 2170.1 ) ) ) ) ) ) ) ) ) )

In London the Financial Times-Stock Exchange 100-share index jumped 34.6 points to close at its intraday high of 2170.1


( S ( NP-SBJ ( DT The ) ( NN index ) ) ( VP ( VBD was ) ( PP-PRD ( IN under ) ( NP ( NN pressure ) ) ) ( PP-TMP ( IN for ) ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN morning ) ) ) ) ) ( PP ( IN over ) ( NP ( NNS concerns ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NNS effects ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Tuesday ) ( NN night ) ( POS 's ) ) ( JJ major ) ( NN earthquake ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP San ) ( NNP Francisco ) ( NN area ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB undermine ) ( NP ( DT the ) ( NNP U.S. ) ( NN market ) ) ) ) ) ) ) ) ) )

The index was under pressure for most of the morning over concerns that the effects of Tuesday night 's major earthquake in the San Francisco area would undermine the U.S. market


( S ( S ( NP-SBJ ( DT The ) ( NN mood ) ) ( VP ( VBD changed ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( NNS dealers ) ) ( VP ( VBD reappraised ) ( NP ( NP ( DT the ) ( JJ direct ) ( NN impact ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN disaster ) ) ) ( PP ( IN on ) ( NP ( NNS shares ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Wall ) ( NNP Street ) ) ( VP ( NN rebounded ) ( PP-CLR ( IN from ) ( NP ( JJ early ) ( NNS losses ) ) ) ) ) )

The mood changed after dealers reappraised the direct impact of the disaster on shares and Wall Street rebounded from early losses


( S ( NP-SBJ-1 ( DT The ) ( NNP Financial ) ( NNP Times ) ( JJ 30-share ) ( NN index ) ) ( VP ( VBD settled ) ( S-ADV ( ADJP-PRD ( NP-ADV ( CD 27.8 ) ( NNS points ) ) ( JJR higher ) ) ) ( PP-CLR ( IN at ) ( NP ( CD 1758.5 ) ) ) ) )

The Financial Times 30-share index settled 27.8 points higher at 1758.5


( S ( NP-SBJ ( NN Volume ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( QP ( CD 449.3 ) ( CD million ) ) ( NNS shares ) ) ( NP ( NP ( DT the ) ( JJS slowest ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ hectic ) ( NN week ) ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( QP ( CD 643.4 ) ( CD million ) ) ) ( NP-TMP ( NNP Tuesday ) ) ) ) ) ) ) )

Volume was 449.3 million shares the slowest of a hectic week compared with 643.4 million Tuesday


( S ( NP-SBJ-3 ( NP ( NNP U.K. ) ( ADJP ( JJ composite ) ( CC or ) ( JJ non-life ) ) ( NNS insurers ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( NP-SBJ ( DT some ) ( NN equity ) ( NNS analysts ) ) ( VP ( VBD said ) ( SBAR ( S ( VP ( MD might ) ( VP ( VB be ) ( VP ( ADVP-MNR ( RB heavily ) ) ( VBN hit ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN earthquake ) ( NN disaster ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD helped ) ( S ( VP ( VB support ) ( NP ( DT the ) ( NNP London ) ( NN market ) ) ( PP ( IN by ) ( S-NOM ( VP ( VBG showing ) ( NP ( JJ only ) ( JJ narrow ) ( NNS losses ) ) ( PP-LOC ( IN in ) ( NP ( JJ early ) ( NN trading ) ) ) ) ) ) ) ) ) )

U.K. composite or non-life insurers which some equity analysts said might be heavily hit by the earthquake disaster helped support the London market by showing only narrow losses in early trading


( S ( S-TPC-2 ( NP-SBJ ( NP ( DT The ) ( NNS insurers ) ( POS ' ) ) ( JJ relative ) ( NN resilience ) ) ( VP ( VBD gave ) ( NP ( DT the ) ( NN market ) ) ( NP ( NP ( NN time ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB reappraise ) ( NP ( NP ( DT the ) ( NN impact ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP California ) ( NN disaster ) ) ) ( PP ( IN on ) ( NP ( NNP U.K. ) ( NNS equities ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNS dealers ) ) ( VP ( VBD said ) ) )

The insurers ' relative resilience gave the market time to reappraise the impact of the California disaster on U.K. equities dealers said


( S ( NP-SBJ ( NNS Dealers ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN shaken ) ( PRT ( RP off ) ) ( NP ( PRP$ its ) ( NN nervousness ) ) ( PP-TMP ( IN after ) ( NP ( NP ( PRP$ its ) ( JJ bumpy ) ( NN ride ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ past ) ( JJ several ) ( NNS sessions ) ) ) ( VP ( VBN caused ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( NN interest-rate ) ( NNS increases ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ) ( CC and ) ( NP ( NP ( NP ( NNP Wall ) ( NNP Street ) ( POS 's ) ) ( ADJP ( CD 6.9 ) ( NN % ) ) ( NN plunge ) ) ( NP-TMP ( NNP Friday ) ) ) ) ) ) ) ) ) ) ) ) ) )

Dealers said the market still has n't shaken off its nervousness after its bumpy ride of the past several sessions caused by interest-rate increases last week and Wall Street 's 6.9 % plunge Friday


( S ( CC But ) ( NP-SBJ-1 ( NP ( JJ technical ) ( NNS factors ) ) ( PP ( VBG including ) ( NP ( NP ( JJ modest ) ( NNS gains ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN value ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN pound ) ) ) ) ) ) ) ) ( VP ( VBD helped ) ( S ( VP ( VP ( VB draw ) ( NP ( VBG buying ) ) ( ADVP-DIR ( RB back ) ) ( PP-DIR ( IN into ) ( NP ( DT the ) ( NN market ) ) ) ) ( CC and ) ( VP ( VB reverse ) ( NP ( NP ( NNS losses ) ) ( VP ( VBD posted ) ( ADVP-TMP ( NP ( DT a ) ( NN day ) ) ( RBR earlier ) ) ) ) ) ) ) ) )

But technical factors including modest gains in the value of the pound helped draw buying back into the market and reverse losses posted a day earlier


( S ( PP-LOC ( IN Among ) ( NP ( JJ composite ) ( NNS insurers ) ) ) ( S ( NP-SBJ ( NNP General ) ( NNP Accident ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 10 ) ( NN pence ) ) ( PP-DIR ( TO to ) ( NP ( NP ( NP ( CD 10.03 ) ) ( PRN ( NP ( CD 15.80 ) ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ( S ( NP-SBJ ( NNP Guardian ) ( NNP Royal ) ) ( VP ( VBD climbed ) ( NP-EXT ( CD 5 ) ) ( PP-DIR ( TO to ) ( NP ( CD 217 ) ( NN pence ) ) ) ) ) ( S ( NP-SBJ ( NNP Sun ) ( NNP Alliance ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 3 ) ) ( PP-DIR ( TO to ) ( NP ( CD 290 ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Royal ) ( NNP Insurance ) ) ( VP ( VBD jumped ) ( NP ( CD 12 ) ) ( PP-DIR ( TO to ) ( NP ( CD 450 ) ) ) ) ) )

Among composite insurers General Accident rose 10 pence to 10.03 15.80 a share Guardian Royal climbed 5 to 217 pence Sun Alliance rose 3 to 290 and Royal Insurance jumped 12 to 450


( S ( NP-SBJ ( NN Life ) ( NNS insurers ) ) ( VP ( VBD fared ) ( ADVP-MNR ( RB similarly ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( NNP Legal ) ( CC & ) ( NNP General ) ) ( VP ( VBG advancing ) ( NP-EXT ( CD 3 ) ) ( PP-DIR ( TO to ) ( NP ( CD 344 ) ) ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( NNP Prudential ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 2 ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 184 ) ( CD 1\/2 ) ) ) ) ) ) ) ) )

Life insurers fared similarly with Legal & General advancing 3 to 344 although Prudential fell 2 to 184 1\/2


( S ( S ( NP-SBJ ( NNP Pearl ) ( NNP Group ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 5 ) ) ( PP-DIR ( TO to ) ( NP ( CD 628 ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( NNP Sun ) ( NNP Life ) ) ( VP ( VBD finished ) ( S-ADV ( ADJP-PRD ( JJ unchanged ) ) ) ( PP-CLR ( IN at ) ( NP ( CD 10.98 ) ) ) ) ) )

Pearl Group rose 5 to 628 and Sun Life finished unchanged at 10.98


( S ( NP-SBJ ( JJS Most ) ( NN banking ) ( NNS issues ) ) ( VP ( VBN retreated ) ( PP-TMP ( IN after ) ( NP ( NP ( DT a ) ( NN sector ) ( NN downgrade ) ) ( PP ( IN by ) ( NP ( NNP Warburg ) ( NNPS Securities ) ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( NNP National ) ( NNP Westminister ) ) ( VP ( VBD showed ) ( NP ( NN strength ) ) ( PP ( IN on ) ( NP ( NP ( JJ positive ) ( NNS comments ) ) ( PP ( IN from ) ( NP ( NN brokerage ) ( NNS firms ) ) ) ( PP ( IN about ) ( NP ( PRP$ its ) ( JJ long-term ) ( NNS prospects ) ) ) ) ) ) ) ) ) )

Most banking issues retreated after a sector downgrade by Warburg Securities although National Westminister showed strength on positive comments from brokerage firms about its long-term prospects


( S ( NP-SBJ ( NP ( NNP NatWest ) ) ( NP ( NP ( DT the ) ( ADJP ( RBS most ) ( RB actively ) ( VBN traded ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS banks ) ) ) ) ) ( VP ( VBD finished ) ( PP-CLR ( IN at ) ( NP ( CD 300 ) ) ) ( ADVP ( IN up ) ( NP ( CD 1 ) ) ) ) )

NatWest the most actively traded of the banks finished at 300 up 1


( S ( NP-SBJ-1 ( NNP B.A.T ) ( NNPS Industries ) ) ( VP ( VP ( VBD fell ) ( PP-LOC ( IN in ) ( NP ( JJ early ) ( NNS dealings ) ) ) ) ( CC but ) ( VP ( VBD recovered ) ( S-ADV ( VP ( TO to ) ( VP ( VB finish ) ( PP-CLR ( IN at ) ( NP ( CD 754 ) ) ) ( ADVP ( IN up ) ( NP ( CD 5 ) ) ) ) ) ) ) ) )

B.A.T Industries fell in early dealings but recovered to finish at 754 up 5


( S ( NP-SBJ ( NNS Dealers ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ nervous ) ) ( ADVP-TMP ( RB ahead ) ( PP ( IN of ) ( NP ( NP ( NP ( DT a ) ( JJ special ) ( NNP B.A.T ) ( NNS holders ) ( POS ' ) ) ( NN meeting ) ) ( NP-TMP ( NN today ) ) ) ) ) ) ) ) ) )

Dealers said the market was nervous ahead of a special B.A.T holders ' meeting today


( S ( NP-SBJ-1 ( DT The ) ( NN session ) ) ( VP ( VBZ is ) ( S-PRD ( VP ( TO to ) ( VP ( VB consider ) ( NP ( DT a ) ( JJ defensive ) ( NN plan ) ( S ( VP ( TO to ) ( VP ( VB spin ) ( PRT ( RP off ) ) ( NP ( NNS assets ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB fend ) ( PRT ( RP off ) ) ( NP ( NP ( NP ( NNP Sir ) ( NNP James ) ( NNP Goldsmith ) ( POS 's ) ) ( ADJP ( QP ( CD 13.4 ) ( CD billion ) ) ) ( NN bid ) ) ( PP ( IN for ) ( NP ( NNP B.A.T ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The session is to consider a defensive plan to spin off assets to fend off Sir James Goldsmith 's 13.4 billion bid for B.A.T


( S ( S ( NP-SBJ ( DT The ) ( JJ recent ) ( NN stock ) ( NN market ) ( NN drop ) ) ( VP ( VBZ has ) ( VP ( VBN shaken ) ( NP ( NP ( NN confidence ) ) ( PP ( IN in ) ( NP ( DT the ) ( NN plan ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NNS dealers ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS shares ) ) ( VP ( VBD fell ) ( ADVP-TMP ( RB initially ) ) ( PP ( IN on ) ( NP ( NP ( NNS questions ) ) ( PP ( IN about ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Goldsmith ) ( POS 's ) ) ( ADJP ( RB highly ) ( JJ leveraged ) ) ( NN bid ) ) ( VP ( MD will ) ( VP ( VB come ) ( PP-CLR ( TO to ) ( NP ( NN fruition ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The recent stock market drop has shaken confidence in the plan but dealers said the shares fell initially on questions about whether Mr. Goldsmith 's highly leveraged bid will come to fruition


( S ( NP-SBJ-1 ( NP ( NN Trading ) ) ) ( VP ( VBD was ) ( VP ( VBN suspended ) ( PP-2 ( IN in ) ( NP ( NP ( NNP WCRS ) ( NNP Group ) ) ( NP ( DT a ) ( NNP U.K. ) ( NN advertising ) ( NN concern ) ) ) ) ( PP ( VBG pending ) ( NP ( DT an ) ( NN announcement ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VP ( VBG buying ) ( NP ( NP ( DT the ) ( VBG remaining ) ( CD 50 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NNP France ) ( POS 's ) ) ( NNP Carat ) ( NNP Holding ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 2.02 ) ( CD billion ) ) ( NNP French ) ( NNS francs ) ) ( PRN ( NP ( QP ( CD 318.7 ) ( CD million ) ) ) ) ) ) ) ( CC and ) ( VP ( VBG expanding ) ( NP ( NP ( UCP ( JJ commercial ) ( CC and ) ( NN equity ) ) ( NNS ties ) ) ( PP ( IN with ) ( NP ( NN advertising ) ( NN group ) ( NNP Eurocom ) ) ) ) ) ) ) ) ) ) ) ) ) )

Trading was suspended in WCRS Group a U.K. advertising concern pending an announcement that it is buying the remaining 50 % of France 's Carat Holding for 2.02 billion French francs 318.7 million and expanding commercial and equity ties with advertising group Eurocom


( S ( NP-SBJ ( NN Merchant ) ( NN banker ) ( NNP Morgan ) ( NNP Grenfell ) ) ( VP ( VBD climbed ) ( NP-EXT ( CD 14 ) ) ( PP-DIR ( TO to ) ( NP ( CD 406 ) ) ) ( PP ( IN on ) ( NP ( VBN renewed ) ( NN takeover ) ( NN speculation ) ) ) ) )

Merchant banker Morgan Grenfell climbed 14 to 406 on renewed takeover speculation


( S ( NP-SBJ ( NP ( NNP S.G. ) ( NNP Warburg ) ) ( VP ( ADVP ( RB also ) ) ( VBN mentioned ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN rumor ) ( NN mill ) ) ) ) ) ( VP ( VBD jumped ) ( NP-EXT ( CD 14 ) ) ( FRAG ( PP ( IN at ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 414 ) ) ) ) )

S.G. Warburg also mentioned in the rumor mill jumped 14 at to 414


( S ( NP-SBJ ( NNP Jaguar ) ) ( VP ( VBD advanced ) ( NP-EXT ( CD 19 ) ) ( PP-DIR ( TO to ) ( NP ( CD 673 ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( NNS traders ) ) ( VP ( VBD contemplated ) ( NP ( NP ( DT a ) ( JJ potential ) ( NN battle ) ) ( PP ( IN between ) ( NP ( NP ( NNP General ) ( NNPS Motors ) ) ( CC and ) ( NP ( NNP Ford ) ( NNP Motor ) ) ) ) ( PP ( IN for ) ( NP ( NP ( NN control ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP U.K. ) ( NN luxury ) ( NN auto ) ( NN maker ) ) ) ) ) ) ) ) ) ) )

Jaguar advanced 19 to 673 as traders contemplated a potential battle between General Motors and Ford Motor for control of the U.K. luxury auto maker


( S ( NP-SBJ ( NP ( NP ( NNP Tokyo ) ( POS 's ) ) ( NNP Nikkei ) ( NN index ) ) ( PP ( IN of ) ( NP ( CD 225 ) ( NNS issues ) ) ) ) ( VP ( VBD rose ) ( NP-EXT ( NP ( CD 111.48 ) ( NNS points ) ) ( CC or ) ( NP ( CD 0.32 ) ( NN % ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 35107.56 ) ) ) ) )

Tokyo 's Nikkei index of 225 issues rose 111.48 points or 0.32 % to 35107.56


( S ( NP-SBJ ( DT The ) ( NN index ) ) ( VP ( VBN gained ) ( NP ( CD 527.39 ) ) ( NP-TMP ( NNP Tuesday ) ) ) )

The index gained 527.39 Tuesday


( S ( NP-SBJ-1 ( NN Volume ) ) ( VP ( VBD was ) ( VP ( VBN estimated ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( CD 800 ) ( CD million ) ) ( NNS shares ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( QP ( CD 678 ) ( CD million ) ) ) ( NP-TMP ( NNP Tuesday ) ) ) ) ) ) ) ) ) )

Volume was estimated at 800 million shares compared with 678 million Tuesday


( S ( NP-SBJ ( VBG Declining ) ( NNS issues ) ) ( VP ( VBD outnumbered ) ( NP ( NNS advancers ) ) ( ADVP ( CD 505-455 ) ) ( SBAR-ADV ( IN with ) ( S ( NP-SBJ ( CD 172 ) ) ( ADJP-PRD ( JJ unchanged ) ) ) ) ) )

Declining issues outnumbered advancers 505-455 with 172 unchanged


( S ( NP-SBJ ( NP ( DT The ) ( NNP Tokyo ) ( NNP Stock ) ( NNP Price ) ( NNP Index ) ) ( PP ( IN of ) ( NP ( NP ( DT all ) ( NNS issues ) ) ( VP ( VBN listed ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ first ) ( NN section ) ) ) ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD gained ) ( NP ( CD 41.76 ) ) ( NP-TMP ( NNP Tuesday ) ) ) ) ) ) ( VP ( VBD was ) ( ADVP-PRD ( IN up ) ( NP ( NP ( CD 0.24 ) ( NNS points ) ) ( CC or ) ( NP ( CD 0.01 ) ( NN % ) ) ) ) ( PP-CLR ( IN at ) ( NP ( CD 2642.88 ) ) ) ) )

The Tokyo Stock Price Index of all issues listed in the first section which gained 41.76 Tuesday was up 0.24 points or 0.01 % at 2642.88


( S ( PP-LOC ( IN In ) ( NP ( RB early ) ( NN trading ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Tokyo ) ) ) ( NP-TMP ( NNP Thursday ) ) ( NP-SBJ ( DT the ) ( NNP Nikkei ) ( NN index ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 135.09 ) ( NNS points ) ) ( PP-DIR ( TO to ) ( NP ( CD 35242.65 ) ) ) ) )

In early trading in Tokyo Thursday the Nikkei index rose 135.09 points to 35242.65


( S ( S-TPC-2 ( PP-TMP ( IN On ) ( NP ( NNP Wednesday ) ) ) ( NP-SBJ-1 ( NNS shares ) ) ( VP ( VBD were ) ( VP ( VBN pushed ) ( ADVP-DIR ( IN up ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( JJ index-related ) ( NN buying ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN part ) ) ( PP ( IN of ) ( NP ( NN investment ) ( NNS trusts ) ) ) ) ) ) ( RB as ) ( RB well ) ( IN as ) ( NP ( NP ( JJ small ) ( NNS orders ) ) ( PP ( IN from ) ( NP ( NNS individuals ) ( CC and ) ( NNS corporations ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNS traders ) ) ( VP ( VBD said ) ) )

On Wednesday shares were pushed up by index-related buying on the part of investment trusts as well as small orders from individuals and corporations traders said


( S ( NP-SBJ ( NNS Institutions ) ) ( ADVP-TMP ( RB meanwhile ) ) ( VP ( VBD stepped ) ( ADVP-DIR ( RB back ) ) ( PP-DIR ( TO to ) ( NP ( DT the ) ( NNS sidelines ) ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( NP ( DT the ) ( NN direction ) ) ( PP ( IN of ) ( NP ( NNP U.S. ) ( NN interest ) ( NNS rates ) ) ) ) ( VP ( VBD remained ) ( ADJP-PRD ( JJ unclear ) ) ) ) ) ) )

Institutions meanwhile stepped back to the sidelines as the direction of U.S. interest rates remained unclear


( S-3 ( NP-SBJ-1 ( DT The ) ( NN uncertainty ) ) ( VP ( VBD was ) ( VP ( VBN multiplied ) ( PP ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( JJ persistent ) ( NN strength ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN dollar ) ) ) ) ) ( PRN ( S ( NP-SBJ ( NNS traders ) ) ( VP ( VBD said ) ) ) ) ( CC and ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NNP U.S. ) ( NN trade ) ( NN deficit ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD widened ) ( PP-EXT ( IN by ) ( NP ( CD 31 ) ( NN % ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ) ) ( PP-DIR ( IN from ) ( NP ( DT the ) ( JJ previous ) ( NN month ) ) ) ) ) ) ) ) ) ) ) )

The uncertainty was multiplied by the persistent strength of the dollar traders said and by the U.S. trade deficit which widened by 31 % in August from the previous month


( S ( NP-SBJ ( NNS Traders ) ( CC and ) ( NNS analysts ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB see ) ( NP ( NP ( DT any ) ( NN effect ) ) ( PP ( IN on ) ( NP ( NNP Tokyo ) ( NNS stocks ) ) ) ( PP ( IN from ) ( NP ( DT the ) ( NNP California ) ( NN earthquake ) ) ) ) ) ) ) ) ) )

Traders and analysts said they did n't see any effect on Tokyo stocks from the California earthquake


( S ( S-TPC-2 ( NP-SBJ-1 ( NP ( DT The ) ( NN impact ) ) ( PP ( IN on ) ( NP ( NP ( JJ Japanese ) ( NX ( NX ( NNS insurers ) ) ( CC and ) ( NX ( NN property ) ( NNS owners ) ) ) ) ( PP ( IN with ) ( NP ( NP ( NNS interests ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP San ) ( NNP Francisco ) ( NN area ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( ADVP-TMP ( RB still ) ) ( VP ( VBG being ) ( VP ( VBN assessed ) ) ) ) ) ( NP-SBJ ( PRP they ) ) ( VP ( VBD said ) ) )

The impact on Japanese insurers and property owners with interests in the San Francisco area is still being assessed they said


( S ( S-TPC-1 ( NP-SBJ-3 ( VBG Buying ) ) ( VP ( VBD was ) ( VP ( VBN scattered ) ( PP-LOC ( IN across ) ( NP ( NP ( DT a ) ( JJ wide ) ( NN range ) ) ( PP ( IN of ) ( NP ( NNS issues ) ) ) ) ) ( S-ADV ( VP ( VBG making ) ( S ( NP-SBJ ( DT the ) ( NN session ) ) ( ADJP-PRD ( RB fairly ) ( JJ characterless ) ) ) ) ) ) ) ) ( NP-SBJ ( NNS traders ) ) ( VP ( VBD said ) ) )

Buying was scattered across a wide range of issues making the session fairly characterless traders said


( S ( S-TPC-3 ( PP ( IN With ) ( S-NOM ( NP-SBJ ( NN uncertainty ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBG hanging ) ( PP-LOC-CLR ( IN over ) ( NP ( NP ( NN interest ) ( NNS rates ) ) ( CC and ) ( NP ( DT the ) ( NN dollar ) ) ) ) ) ) ) ( NP-SBJ-2 ( DT the ) ( NN market ) ) ( VP ( VBD failed ) ( S ( VP ( TO to ) ( VP ( VB find ) ( NP ( NP ( DT a ) ( NN focus ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD might ) ( VP ( VB lead ) ( PP-DIR ( TO to ) ( NP ( JJ further ) ( NN investor ) ( NNS commitments ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP they ) ) ( VP ( VBD said ) ) )

With uncertainty still hanging over interest rates and the dollar the market failed to find a focus that might lead to further investor commitments they said


( S ( NP-SBJ ( DT Some ) ( NNS traders ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN popularity ) ) ( PP ( IN of ) ( NP ( NP ( NNS issues ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD gained ) ( NP-TMP ( NN yesterday ) ) ) ) ) ) ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB last ) ( ADVP-TMP ( RB long ) ) ( SBAR-PRP ( IN as ) ( S ( NP-SBJ ( NNS investors ) ) ( VP ( MD will ) ( VP ( VB rotate ) ( NP ( PRP$ their ) ( VBG buying ) ( NNS choices ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ short ) ( NN term ) ) ) ) ) ) ) ) ) ) ) ) )

Some traders said the popularity of issues that gained yesterday wo n't last long as investors will rotate their buying choices over the short term


( S ( NP-SBJ ( NP ( NP ( ADJP ( NN Interest ) ( JJ rate-sensitive ) ) ( NNS shares ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NN steel ) ( NN construction ) ( CC and ) ( JJ electric ) ( NN utility ) ( NNS companies ) ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD rose ) ( ADVP-TMP ( RB early ) ( PP ( IN in ) ( NP ( DT the ) ( NN week ) ) ) ) ) ) ) ) ( VP ( VBD saw ) ( S ( NP-SBJ ( PRP$ their ) ( NN advance ) ) ( VP ( VB weaken ) ( NP-TMP ( NN yesterday ) ) ) ) ) )

Interest rate-sensitive shares such as steel construction and electric utility companies which rose early in the week saw their advance weaken yesterday


( S ( NP-SBJ ( NNS Traders ) ) ( VP ( VBD said ) ( SBAR ( S ( S ( NP-SBJ ( DT these ) ( NNS issues ) ) ( VP ( VBP need ) ( NP-1 ( JJ large-volume ) ( NN buying ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB push ) ( PRT ( RP up ) ) ( NP ( PRP$ their ) ( NNS prices ) ) ) ) ) ) ) ( RB so ) ( S ( NP-SBJ ( JJ substantial ) ( NNS gains ) ) ( VP ( VBP are ) ( RB n't ) ( ADJP-PRD ( JJ likely ) ) ( SBAR-ADV ( IN unless ) ( S ( NP-SBJ ( JJ institutional ) ( NNS investors ) ) ( VP ( VBP participate ) ) ) ) ) ) ) ) ) )

Traders said these issues need large-volume buying to push up their prices so substantial gains are n't likely unless institutional investors participate


( S ( NP-SBJ ( NP ( DT An ) ( JJ outstanding ) ( NN issue ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NN session ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NNP Mitsubishi ) ( NNP Rayon ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD surged ) ( NP-EXT ( CD 95 ) ) ( PP-DIR ( TO to ) ( NP ( NP ( NP ( CD 905 ) ( NN yen ) ) ( PRN ( NP ( CD 6.34 ) ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) )

An outstanding issue in yesterday 's session was Mitsubishi Rayon which surged 95 to 905 yen 6.34 a share


( S ( S-TPC-1 ( NP-SBJ ( PRP$ Its ) ( NN popularity ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ due ) ( PP ( TO to ) ( NP ( NP ( NN speculation ) ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( JJ strong ) ( NNS earnings ) ( JJ potential ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ new ) ( NN type ) ) ( PP ( IN of ) ( NP ( JJ plastic ) ( NN wrap ) ) ) ( PP ( IN for ) ( NP ( NN household ) ( NN use ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( DT a ) ( NN trader ) ) ( PP-LOC ( IN at ) ( NP ( NNP County ) ( NNP Natwest ) ( NNPS Securities ) ( NNP Japan ) ) ) ) ( VP ( VBD said ) ) )

Its popularity was due to speculation about the strong earnings potential of a new type of plastic wrap for household use a trader at County Natwest Securities Japan said


( S ( S-TPC-1 ( NP-SBJ ( DT Some ) ( JJ laggard ) ( NN food ) ( NNS issues ) ) ( VP ( VBD attracted ) ( NP ( NNS bargain-hunters ) ) ) ) ( NP-SBJ ( NNS traders ) ) ( VP ( VBD said ) ) )

Some laggard food issues attracted bargain-hunters traders said


( S ( S ( NP-SBJ ( NNP Kirin ) ( NNP Brewery ) ) ( VP ( VBD was ) ( ADVP-PRD ( IN up ) ( NP ( CD 100 ) ) ) ( PP-CLR ( IN at ) ( NP ( CD 2,000 ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Ajinomoto ) ) ( VP ( VBD gained ) ( NP ( CD 70 ) ) ( PP-DIR ( TO to ) ( NP ( CD 2,840 ) ) ) ) ) )

Kirin Brewery was up 100 at 2,000 and Ajinomoto gained 70 to 2,840


( S ( NP-SBJ ( NNS Pharmaceuticals ) ) ( VP ( VBD were ) ( ADJP-PRD ( RB mostly ) ( JJR higher ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( NNP SS ) ( NNP Pharmaceutical ) ) ( VP ( VBG gaining ) ( NP ( CD 140 ) ) ( PP-DIR ( TO to ) ( NP ( CD 1,980 ) ) ) ) ) ) ) )

Pharmaceuticals were mostly higher with SS Pharmaceutical gaining 140 to 1,980


( S ( NP-SBJ-1 ( NNS Shares ) ) ( VP ( VBD closed ) ( S-ADV ( ADJP-PRD ( JJR lower ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ other ) ( JJ major ) ( ADJP ( JJ Asian ) ( CC and ) ( JJ Pacific ) ) ( NNS markets ) ) ( PP ( VBG including ) ( NP ( NP ( NNP Sydney ) ) ( NP ( NNP Hong ) ( NNP Kong ) ) ( NP ( NNP Singapore ) ) ( NP ( NNP Taipei ) ) ( NP ( NNP Wellington ) ) ( NP ( NNP Seoul ) ) ( CC and ) ( NP ( NNP Manila ) ) ) ) ) ) ) )

Shares closed lower in other major Asian and Pacific markets including Sydney Hong Kong Singapore Taipei Wellington Seoul and Manila


( S ( NP-SBJ ( NP ( JJS Most ) ) ( PP ( IN of ) ( NP ( DT those ) ( NNS markets ) ) ) ) ( VP ( VBD had ) ( VP ( VBN rebounded ) ( NP-TMP ( NP ( DT the ) ( NN day ) ) ( ADVP ( IN before ) ) ) ( PP-CLR ( IN from ) ( NP ( NP ( NNP Monday ) ( POS 's ) ) ( NN slide ) ) ) ) ) )

Most of those markets had rebounded the day before from Monday 's slide


( S ( CC But ) ( PP ( IN unlike ) ( NP ( DT the ) ( NNP Tokyo ) ( NN exchange ) ) ) ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBD failed ) ( S ( VP ( TO to ) ( VP ( VB extend ) ( NP ( DT the ) ( NN rise ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( JJ second ) ( NN session ) ) ) ) ) ) ) )

But unlike the Tokyo exchange they failed to extend the rise to a second session


( S ( ADVP-LOC ( RB Elsewhere ) ) ( NP-SBJ-1 ( NNS prices ) ) ( VP ( VP ( VBD surged ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( JJ second ) ( NN day ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Frankfurt ) ) ) ) ( VP ( VBD closed ) ( S-ADV ( ADJP-PRD ( RBR higher ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Zurich ) ( NNP Stockholm ) ( CC and ) ( NNP Amsterdam ) ) ) ) ( CC and ) ( VP ( VBD were ) ( ADJP-PRD ( RB broadly ) ( JJR lower ) ) ( PP-LOC ( IN in ) ( NP ( NNP Milan ) ( NNP Paris ) ( CC and ) ( NNP Brussels ) ) ) ) ) )

Elsewhere prices surged for a second day in Frankfurt closed higher in Zurich Stockholm and Amsterdam and were broadly lower in Milan Paris and Brussels


( S ( NP-SBJ-1 ( ADJP ( JJ South ) ( JJ African ) ) ( NN gold ) ( NNS stocks ) ) ( VP ( VBD ended ) ( S-ADV ( ADJP-PRD ( RB marginally ) ( JJR firmer ) ) ) ) )

South African gold stocks ended marginally firmer


( S ( PP-LOC ( IN In ) ( NP ( NNP Brussels ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( DT the ) ( JJ first ) ( NN trading ) ( NN day ) ) ( PP ( IN for ) ( NP ( JJS most ) ( JJ major ) ( NNS shares ) ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ ( NNS stocks ) ) ( VP ( VBD tumbled ) ( PP-LOC ( IN on ) ( NP ( NNP Wall ) ( NNP Street ) ) ) ( NP-TMP ( NNP Friday ) ) ) ) ) ) )

In Brussels it was the first trading day for most major shares since stocks tumbled on Wall Street Friday


( S ( NP-SBJ-1 ( NN Trading ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN impeded ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( JJ major ) ( NN computer ) ( NN failure ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD took ) ( NP ( NN place ) ) ( PP-TMP ( IN before ) ( NP ( NP ( DT the ) ( NN start ) ) ( PP ( IN of ) ( NP ( NP ( NNP Monday ) ( POS 's ) ) ( NN session ) ) ) ) ) ) ) ) ) ) ) ) ) )

Trading had been impeded by a major computer failure that took place before the start of Monday 's session


( 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-TMP-PRD ( IN since ) ( NP ( NN year-end ) ) ) ) )

The percentage change is since year-end


( S ( NP-SBJ-2 ( NNP PPG ) ( NNPS Industries ) ( NNP Inc. ) ) ( S-ADV ( VP ( VBN hurt ) ( PP ( IN by ) ( NP-LGS ( NP ( NN softness ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ( UCP ( JJ automotive ) ( CC and ) ( NN construction ) ) ( NNS industries ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN third-quarter ) ( NN net ) ( NN income ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 5.5 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 106.7 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 97 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 112.9 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.03 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( IN ago ) ) ) ) ) ) ) )

PPG Industries Inc. hurt by softness in the U.S. automotive and construction industries said third-quarter net income fell 5.5 % to 106.7 million or 97 cents a share from 112.9 million or 1.03 a share a year ago


( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD were ) ( ADJP-PRD ( RB nearly ) ( JJ identical ) ( PP ( TO to ) ( NP ( DT the ) ( JJ year-earlier ) ( QP ( CD 1.36 ) ( CD billion ) ) ) ) ) ) )

Sales were nearly identical to the year-earlier 1.36 billion


( S ( NP-SBJ ( NP ( DT The ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( NNS earnings ) ) ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB surprise ) ( NP ( NP ( NNS analysts ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP Pittsburgh ) ( NN glass ) ( NNS coatings ) ( CC and ) ( NN chemical ) ( NN concern ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBG predicting ) ( NP ( DT a ) ( JJ slow ) ( NN quarter ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT the ) ( JJ sluggish ) ( NN construction ) ( NN industry ) ) ( NP ( NP ( DT a ) ( JJ major ) ( NN market ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ flat ) ( NN glass ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The drop in earnings did n't surprise analysts who said the Pittsburgh glass coatings and chemical concern had been predicting a slow quarter because of the sluggish construction industry a major market for the company 's flat glass


( S ( NP-SBJ ( NP ( NP ( NN Glass ) ( NNS sales ) ) ( PP ( TO to ) ( NP ( ADJP ( JJ Canadian ) ( CC and ) ( JJ European ) ) ( NN auto ) ( NNS makers ) ) ) ) ( CC and ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( NP ( NN replacement ) ( NN auto ) ( NN glass ) ) ( PP-LOC ( IN in ) ( NP ( DT all ) ( NNS markets ) ) ) ) ) ) ) ( VP ( VBD increased ) ) )

Glass sales to Canadian and European auto makers and sales of replacement auto glass in all markets increased


( S ( NP-SBJ ( DT The ) ( NN coating ) ( NN segment ) ) ( ADVP ( RB also ) ) ( VP ( VBD posted ) ( NP ( JJR higher ) ( NNS sales ) ) ( PP-LOC ( RB particularly ) ( IN in ) ( NP ( NP ( NNP North ) ( NNP America ) ) ( CC and ) ( NP ( NNP Europe ) ) ) ) ) )

The coating segment also posted higher sales particularly in North America and Europe


( S ( CC But ) ( S-TPC-1 ( NP-SBJ-2 ( NN sale ) ( NNS increases ) ) ( VP ( VBD were ) ( VP ( VBN offset ) ( PP ( IN by ) ( NP-LGS ( NP ( VBG slumping ) ( NNS sales ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ flat ) ( NN glass ) ) ( CC and ) ( NP ( NNS fiberglass ) ( NNS reinforcements ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ) )

But sale increases were offset by slumping sales in flat glass and fiberglass reinforcements the company said


( S ( ADVP ( RB Also ) ) ( NP-SBJ ( NNS chemicals ) ( NNS sales ) ) ( VP ( VBD were ) ( ADJP-PRD ( RB slightly ) ( IN down ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( JJR lower ) ( NNS prices ) ) ( PP ( IN for ) ( NP ( NP ( NN vinyl ) ( NN chloride ) ( NN monomer ) ) ( CC and ) ( NP ( JJ other ) ( NN chlorine ) ( NNS derivatives ) ) ) ) ) ) ) )

Also chemicals sales were slightly down because of lower prices for vinyl chloride monomer and other chlorine derivatives


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-SBJ ( NNP PPG ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 41 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( IN down ) ( NP ( CD 37.5 ) ( NNS cents ) ) ) ) )

In New York Stock Exchange composite trading PPG closed at 41 a share down 37.5 cents


( S ( NP-SBJ ( NP ( NNP Renault ) ) ( CC and ) ( NP ( NNP DAF ) ( NNPS Trucks ) ( NNP NV ) ) ) ( VP ( VBD announced ) ( NP ( DT a ) ( JJ preliminary ) ( NN agreement ) ( S ( VP ( TO to ) ( VP ( ADVP-MNR ( RB jointly ) ) ( VB manufacture ) ( NP ( NP ( DT a ) ( NN line ) ) ( PP ( IN of ) ( NP ( NNS trucks ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Britain ) ( CC and ) ( NNP France ) ) ) ) ) ) ) ) )

Renault and DAF Trucks NV announced a preliminary agreement to jointly manufacture a line of trucks in Britain and France


( S ( NP-SBJ ( NP ( NNP Philippe ) ( NNP Gras ) ) ( NP ( DT a ) ( NNP Renault ) ( VBG managing ) ( NN director ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( JJ new ) ( NN line ) ) ( VP ( VP ( MD will ) ( VP ( VB cover ) ( NP ( NP ( NNS trucks ) ) ( PP ( IN of ) ( PP ( IN between ) ( NP ( NP ( CD 2.5 ) ( NNS tons ) ) ( CC and ) ( NP ( CD 4.2 ) ( NNS tons ) ) ) ) ) ) ) ) ( CC and ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN built ) ( PP-LOC ( PP ( IN at ) ( NP ( NP ( NP ( NNP Renault ) ( POS 's ) ) ( NNP Bapilly ) ( NN plant ) ) ( PP-LOC ( IN in ) ( NP ( NNP France ) ) ) ) ) ( CC and ) ( PP ( IN at ) ( NP ( NP ( NNP DAF ) ( POS 's ) ) ( JJ British ) ( NN plant ) ) ) ) ) ) ) ) ) ) ) )

Philippe Gras a Renault managing director said the new line will cover trucks of between 2.5 tons and 4.2 tons and will be built at Renault 's Bapilly plant in France and at DAF 's British plant


( S ( NP-SBJ-1 ( NP ( DT The ) ( NNP French ) ( JJ state-controlled ) ( NN auto ) ( NN group ) ) ( CC and ) ( NP ( DT the ) ( NNP Dutch ) ( NN truck ) ( NN maker ) ) ) ( VP ( NN plan ) ( S ( VP ( TO to ) ( VP ( VB incorporate ) ( NP ( DT the ) ( JJ new ) ( NNS trucks ) ) ( PP-CLR ( IN into ) ( NP ( PRP$ their ) ( NN product ) ( NNS lines ) ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP begin ) ( NP ( NN production ) ) ( PP-TMP ( IN toward ) ( NP ( NP ( DT the ) ( NN middle ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD 1990s ) ) ) ) ) ) ) ) ) ) ) ) )

The French state-controlled auto group and the Dutch truck maker plan to incorporate the new trucks into their product lines when they begin production toward the middle of the 1990s


( S ( NP-SBJ ( NNP Mr. ) ( NNP Gras ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ expects ) ( S ( NP-SBJ-2 ( NP ( DT a ) ( JJ definitive ) ( NN agreement ) ) ( PP ( IN between ) ( NP ( DT the ) ( CD two ) ( NNS companies ) ) ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN completed ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ next ) ( JJ few ) ( NNS months ) ) ) ) ) ) ) ) ) ) ) )

Mr. Gras said he expects a definitive agreement between the two companies to be completed in the next few months


( S ( NP-SBJ ( DT The ) ( NN venture ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( JJS latest ) ( NN example ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN trend ) ) ( PP ( IN toward ) ( NP ( JJ cooperative ) ( NNS projects ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Europe ) ) ) ( ADVP-TMP ( RB ahead ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( CD 1992 ) ( NN deadline ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG eliminating ) ( NP ( NP ( NN trade ) ( NNS barriers ) ) ( PP-LOC ( IN within ) ( NP ( DT the ) ( NNP European ) ( NNP Community ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The venture is the latest example of the trend toward cooperative projects in Europe ahead of the 1992 deadline for eliminating trade barriers within the European Community


( S ( NP-SBJ-1 ( NNP Renault ) ( CC and ) ( NNP DAF ) ) ( VP ( VBP are ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB invest ) ( NP ( NP ( DT a ) ( NN total ) ) ( PP ( IN of ) ( NP ( NP ( NP ( QP ( IN about ) ( CD three ) ( CD billion ) ) ( JJ French ) ( NNS francs ) ) ( PRN ( NP ( QP ( CD 157.8 ) ( CD million ) ) ) ) ) ) ) ) ( PP-CLR ( IN in ) ( NP ( DT the ) ( NN venture ) ) ) ( PP-2 ( VBG including ) ( NP ( NP ( QP ( SYM FFr ) ( CD 1 ) ( CD billion ) ) ) ( PP ( IN for ) ( NP ( NN design ) ( CC and ) ( NN development ) ( NNS costs ) ) ) ) ) ) ) ) ) ) )

Renault and DAF are expected to invest a total of about three billion French francs 157.8 million in the venture including FFr 1 billion for design and development costs


( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ-1 ( DT the ) ( NNS companies ) ) ( VP ( MD will ) ( DT each ) ( VP ( VB spend ) ( NP ( QP ( IN about ) ( SYM FFr ) ( CD 1 ) ( CD billion ) ) ) ( PP-CLR ( IN on ) ( S-NOM ( VP ( NN tooling ) ( PRT ( RP up ) ) ( NP ( PRP$ their ) ( NNS plants ) ) ) ) ) ) ) )

In addition the companies will each spend about FFr 1 billion on tooling up their plants


( S ( NP-SBJ ( NNP Mr. ) ( NNP Gras ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( JJ joint ) ( NN venture ) ) ( VP ( VBZ represents ) ( NP ( JJ considerable ) ( NNS savings ) ) ( PP ( IN for ) ( NP ( DT both ) ( NNP Renault ) ( CC and ) ( NNP DAF ) ) ) ( SBAR-PRP ( IN since ) ( S ( NP-SBJ-1 ( DT both ) ( NNS companies ) ) ( VP ( MD would ) ( PP-LOC ( IN in ) ( NP ( DT any ) ( NN case ) ) ) ( VP ( VB have ) ( VP ( VBN had ) ( S ( VP ( TO to ) ( VP ( VB renew ) ( NP ( NP ( PRP$ their ) ( VBG existing ) ( NNS ranges ) ) ( PP ( IN of ) ( NP ( JJ light ) ( NNS goods ) ( NNS vehicles ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Gras said the joint venture represents considerable savings for both Renault and DAF since both companies would in any case have had to renew their existing ranges of light goods vehicles


( S ( S-TPC-2 ( PP ( IN By ) ( S-NOM ( VP ( VBG pooling ) ( NP ( PRP$ their ) ( NNS resources ) ) ) ) ) ( NP-SBJ-3 ( DT the ) ( CD two ) ( NNS groups ) ) ( VP ( VBP have ) ( VP ( ADVP-MNR ( RB effectively ) ) ( VBN halved ) ( NP ( NP ( DT the ) ( NN design ) ( CC and ) ( NN development ) ( NNS costs ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( ADVP ( RB otherwise ) ) ( VP ( VB have ) ( VP ( VBN been ) ( VP ( VBN entailed ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

By pooling their resources the two groups have effectively halved the design and development costs that would otherwise have been entailed he said


( S ( NP-SBJ ( NNP Renault ) ( NNS officials ) ) ( VP ( VBD said ) ( SBAR ( S ( S ( NP-SBJ ( NP ( DT the ) ( JJ potential ) ( JJ European ) ( NN market ) ) ( PP ( IN for ) ( NP ( NP ( JJ light ) ( NNS trucks ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( QP ( JJ 2.5-ton ) ( TO to ) ( JJ 4.2-ton ) ) ( NN range ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( QP ( IN between ) ( CD 700,000 ) ( CC and ) ( CD 800,000 ) ) ( NNS vehicles ) ) ( ADVP-TMP ( RB annually ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Renault ) ( CC and ) ( NNP DAF ) ) ( VP ( VBP are ) ( VP ( VBG aiming ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( JJ combined ) ( NN market ) ( NN share ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 11 ) ) ( NN % ) ) ) ) ) ) ) ) ) ) ) )

Renault officials said the potential European market for light trucks in the 2.5-ton to 4.2-ton range is between 700,000 and 800,000 vehicles annually and Renault and DAF are aiming for a combined market share of about 11 %


( S ( NP-SBJ ( DT Both ) ( NNP Renault ) ( CC and ) ( NNP DAF ) ) ( VP ( MD will ) ( VP ( VB have ) ( NP ( NP ( JJ world-wide ) ( NN marketing ) ( NNS rights ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( JJ new ) ( NN range ) ) ( PP ( IN of ) ( NP ( NP ( NNS vans ) ) ( CC and ) ( NP ( NN light ) ( NNS trucks ) ) ) ) ) ) ) ) ) )

Both Renault and DAF will have world-wide marketing rights for the new range of vans and light trucks


( S ( PP-LOC ( IN Under ) ( NP ( DT a ) ( JJ separate ) ( NN arrangement ) ) ) ( S ( NP-SBJ-1 ( NP ( NNP British ) ( NNP Aerospace ) ( NNP PLC ) ( POS 's ) ) ( NNP Rover ) ( NNP Group ) ( NNP PLC ) ( NN subsidiary ) ) ( VP ( MD will ) ( ADVP ( RB also ) ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB offer ) ( NP ( DT the ) ( NNS vehicles ) ) ( PP ( IN through ) ( NP ( NP ( PRP$ its ) ( NNS dealers ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.K. ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( NNP Renault ) ( POS 's ) ) ( JJ truck-building ) ( NN subsidiary ) ( NNP Renault ) ( NNPS Vehicles ) ( NNPS Industriels ) ) ( VP ( MD will ) ( VP ( VB have ) ( NP ( JJ similar ) ( NNS rights ) ) ( PP-LOC ( IN in ) ( NP ( NNP France ) ) ) ) ) ) )

Under a separate arrangement British Aerospace PLC 's Rover Group PLC subsidiary will also be able to offer the vehicles through its dealers in the U.K. and Renault 's truck-building subsidiary Renault Vehicles Industriels will have similar rights in France


( S ( NP-SBJ ( NNP DAF ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ 16%-owned ) ( PP ( IN by ) ( NP ( NNP British ) ( NNP Aerospace ) ) ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( JJ further ) ( CD 6.5 ) ( NN % ) ) ( VP ( VBN held ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( JJ Dutch ) ( JJ state-owned ) ( NN chemical ) ( NN group ) ) ( NP ( NNP NV ) ( NNP DSM ) ) ) ) ) ) ) ) )

DAF is 16%-owned by British Aerospace with a further 6.5 % held by the Dutch state-owned chemical group NV DSM


( S ( NP-SBJ ( NP ( DT The ) ( NNP van ) ( NNP Doorne ) ( NN family ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Netherlands ) ) ) ) ( VP ( VBZ holds ) ( NP ( NP ( DT an ) ( JJ additional ) ( CD 11 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NNP DAF ) ( POS 's ) ) ( NN capital ) ) ) ) ) )

The van Doorne family of the Netherlands holds an additional 11 % of DAF 's capital


( S ( NP-SBJ-1 ( DT The ) ( NNP U.S. ) ( NNP Export-Import ) ( NNP Bank ) ) ( VP ( ADVP-MNR ( RB tentatively ) ) ( VBD decided ) ( S ( VP ( TO to ) ( VP ( VB guarantee ) ( NP ( NP ( JJ commercial ) ( NN bank ) ( NN financing ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN purchase ) ) ( PP ( IN of ) ( NP ( CD two ) ( NNP Boeing ) ( NNP Co. ) ( CD 767 ) ( NNS airliners ) ) ) ( PP ( IN by ) ( NP ( NP ( NNP Avianca ) ) ( NP ( NP ( NNP Colombia ) ( POS 's ) ) ( JJ international ) ( NN airline ) ) ) ) ( PP ( IN at ) ( NP ( NP ( DT a ) ( NN cost ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 150 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) )

The U.S. Export-Import Bank tentatively decided to guarantee commercial bank financing for the purchase of two Boeing Co. 767 airliners by Avianca Colombia 's international airline at a cost of about 150 million


( S ( NP-SBJ ( DT The ) ( NN loan ) ( NN guarantee ) ) ( VP ( MD would ) ( VP ( VB amount ) ( PP-CLR ( TO to ) ( NP ( NP ( QP ( IN about ) ( CD 127.5 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 85 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN cost ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN aircraft ) ) ) ) ) ) ) ) ) ) )

The loan guarantee would amount to about 127.5 million or 85 % of the cost of the aircraft


( S ( PP-PRP ( IN Because ) ( IN of ) ( NP ( NP ( DT the ) ( NN size ) ) ( PP ( IN of ) ( NP ( DT the ) ( VBN proposed ) ( NN loan ) ( NN guarantee ) ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NNP Ex-Im ) ( NNP Bank ) ( POS 's ) ) ( JJ preliminary ) ( NN commitment ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ subject ) ( PP ( TO to ) ( VP ( NP ( VB review ) ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP House ) ( CC and ) ( NNP Senate ) ( NNP Banking ) ( NNS committees ) ) ) ) ) ) ) )

Because of the size of the proposed loan guarantee the Ex-Im Bank 's preliminary commitment is subject to review by the House and Senate Banking committees


( S ( NP-SBJ ( NNP Ex-Im ) ( NNP Bank ) ( NNS officials ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT this ) ( NN review ) ( NN process ) ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBZ is ) ( PP-PRD ( IN under ) ( NP ( NN way ) ) ) ) ) ) ) )

Ex-Im Bank officials said this review process currently is under way


( NP ( NP ( NNP Thursday ) ) ( NP ( NNP October ) ( CD 19 ) ( CD 1989 ) ) )

Thursday October 19 1989


( S ( NP-SBJ ( NP ( DT The ) ( JJ key ) ( UCP ( NNP U.S. ) ( CC and ) ( JJ foreign ) ) ( JJ annual ) ( NN interest ) ( NNS rates ) ) ( ADVP-LOC ( IN below ) ) ) ( VP ( VP ( VBP are ) ( NP-PRD ( NP ( DT a ) ( NN guide ) ) ( PP ( TO to ) ( NP ( JJ general ) ( NNS levels ) ) ) ) ) ( CC but ) ( VP ( VBP do ) ( RB n't ) ( ADVP-TMP ( RB always ) ) ( VP ( VB represent ) ( NP ( JJ actual ) ( NNS transactions ) ) ) ) ) )

The key U.S. and foreign annual interest rates below are a guide to general levels but do n't always represent actual transactions


( NP ( NP ( NNP PRIME ) ( NNP RATE ) ) ( NP ( QP ( CD 10 ) ( CD 1\/2 ) ) ( NN % ) ) )

PRIME RATE 10 1\/2 %


( NP ( NP ( DT The ) ( NN base ) ( NN rate ) ) ( PP ( IN on ) ( NP ( JJ corporate ) ( NNS loans ) ) ) ( PP-LOC ( IN at ) ( NP ( JJ large ) ( NNP U.S. ) ( NN money ) ( NN center ) ( JJ commercial ) ( NNS banks ) ) ) )

The base rate on corporate loans at large U.S. money center commercial banks


( NP ( NP ( JJ FEDERAL ) ( NNS FUNDS ) ) ( NP ( NP ( NP ( QP ( CD 8 ) ( CD 3\/4 ) ) ( NN % ) ) ( ADJP ( JJ high ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 5\/8 ) ) ( NN % ) ) ( ADJP ( JJ low ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 11\/16 ) ) ( NN % ) ) ( PP-LOC ( IN near ) ( NP ( VBG closing ) ( NN bid ) ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 11\/16 ) ) ( NN % ) ) ( VP ( VBN offered ) ) ) ) )

FEDERAL FUNDS 8 3\/4 % high 8 5\/8 % low 8 11\/16 % near closing bid 8 11\/16 % offered


( S ( NP-SBJ-1 ( NNS Reserves ) ) ( VP ( VBN traded ) ( PP-LOC ( IN among ) ( NP ( JJ commercial ) ( NNS banks ) ) ) ( PP-PRP ( IN for ) ( NP ( JJ overnight ) ( NN use ) ) ) ( PP ( IN in ) ( NP ( NP ( NNS amounts ) ) ( PP ( IN of ) ( NP ( QP ( CD 1 ) ( CD million ) ( CC or ) ( JJR more ) ) ) ) ) ) ) )

Reserves traded among commercial banks for overnight use in amounts of 1 million or more


( NP ( NP ( NN Source ) ) ( NP ( NNP Fulton ) ( NNP Prebon ) ( PRN ( NNP U.S.A ) ) ( NNP Inc ) ) )

Source Fulton Prebon U.S.A Inc


( NP ( NP ( JJ DISCOUNT ) ( NN RATE ) ) ( NP ( CD 7 ) ( NN % ) ) )

DISCOUNT RATE 7 %


( NP ( NP ( DT The ) ( NN charge ) ) ( PP ( IN on ) ( NP ( NP ( NNS loans ) ) ( PP ( TO to ) ( NP ( NN depository ) ( NNS institutions ) ) ) ( PP ( IN by ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Federal ) ( NNP Reserve ) ( NNP Bank ) ) ) ) ) )

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


( NP ( NP ( NNP CALL ) ( NNP MONEY ) ) ( NP ( NP ( QP ( CD 9 ) ( CD 3\/4 ) ) ( NN % ) ) ( TO to ) ( NP ( CD 10 ) ( NN % ) ) ) )

CALL MONEY 9 3\/4 % to 10 %


( NP ( NP ( DT The ) ( NN charge ) ) ( PP ( IN on ) ( NP ( NP ( NNS loans ) ) ( PP ( TO to ) ( NP ( NNS brokers ) ) ) ( PP ( IN on ) ( NP ( NN stock ) ( NN exchange ) ( NN collateral ) ) ) ) ) )

The charge on loans to brokers on stock exchange collateral


( NP ( NP ( NP ( JJ COMMERCIAL ) ( NN PAPER ) ) ( VP ( VBN placed ) ( ADVP-MNR ( RB directly ) ) ( PP ( IN by ) ( NP-LGS ( NNP General ) ( NNPS Motors ) ( NNP Acceptance ) ( NNP Corp. ) ) ) ) ) ( NP ( NP ( NP ( CD 8.45 ) ( NN % ) ) ( NP ( QP ( CD 30 ) ( TO to ) ( CD 44 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 8.25 ) ( NN % ) ) ( NP ( QP ( CD 45 ) ( TO to ) ( CD 73 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 8.325 ) ( NN % ) ) ( NP ( QP ( CD 74 ) ( TO to ) ( CD 99 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 7.75 ) ( NN % ) ) ( NP ( QP ( CD 100 ) ( TO to ) ( CD 179 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 7.50 ) ( NN % ) ) ( NP ( QP ( CD 180 ) ( TO to ) ( CD 270 ) ) ( NNS days ) ) ) ) )

COMMERCIAL PAPER placed directly by General Motors Acceptance Corp. 8.45 % 30 to 44 days 8.25 % 45 to 73 days 8.325 % 74 to 99 days 7.75 % 100 to 179 days 7.50 % 180 to 270 days


( NP ( NP ( NNP COMMERCIAL ) ( NNP PAPER ) ) ( NP ( NP ( NP ( JJ High-grade ) ( JJ unsecured ) ( NNS notes ) ) ( VP ( VBN sold ) ( PP ( IN through ) ( NP ( NNS dealers ) ) ) ( PP ( IN by ) ( NP-LGS ( JJ major ) ( NNS corporations ) ) ) ( PP ( IN in ) ( NP ( NP ( NNS multiples ) ) ( PP ( IN of ) ( NP ( CD 1,000 ) ) ) ) ) ) ) ( NP ( NP ( NP ( CD 8.525 ) ( NN % ) ) ( NP ( CD 30 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.425 ) ( NN % ) ) ( NP ( CD 60 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.375 ) ( NN % ) ) ( NP ( CD 90 ) ( NNS days ) ) ) ) ) )

COMMERCIAL PAPER High-grade unsecured notes sold through dealers by major corporations in multiples of 1,000 8.525 % 30 days 8.425 % 60 days 8.375 % 90 days


( NP ( NP ( NP ( NNPS CERTIFICATES ) ) ( PP ( IN OF ) ( NP ( NNP DEPOSIT ) ) ) ) ( NP ( NP ( NP ( CD 8.05 ) ( NN % ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( CD 8.02 ) ( NN % ) ) ( NP ( CD two ) ( NNS months ) ) ) ( NP ( NP ( CD 8 ) ( NN % ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( CD 7.98 ) ( NN % ) ) ( NP ( CD six ) ( NNS months ) ) ) ( NP ( NP ( CD 7.95 ) ( NN % ) ) ( NP ( CD one ) ( NN year ) ) ) ) )

CERTIFICATES OF DEPOSIT 8.05 % one month 8.02 % two months 8 % three months 7.98 % six months 7.95 % one year


( NP ( NP ( JJ Average ) ) ( PP ( IN of ) ( NP ( NP ( JJ top ) ( NNS rates ) ) ( VP ( VBN paid ) ( PP ( IN by ) ( NP-LGS ( JJ major ) ( NNP New ) ( NNP York ) ( NNS banks ) ) ) ( PP ( PP ( IN on ) ( NP ( NP ( JJ primary ) ( JJ new ) ( NNS issues ) ) ( PP ( IN of ) ( NP ( JJ negotiable ) ( NNS C.D.s ) ) ) ) ) ( ADVP-TMP ( RB usually ) ) ( PP ( IN on ) ( NP ( NP ( NNS amounts ) ) ( PP ( IN of ) ( NP ( QP ( CD 1 ) ( CD million ) ( CC and ) ( JJR more ) ) ) ) ) ) ) ) ) ) )

Average of top rates paid by major New York banks on primary new issues of negotiable C.D.s usually on amounts of 1 million and more


( S ( NP-SBJ ( DT The ) ( JJ minimum ) ( NN unit ) ) ( VP ( VBZ is ) ( NP-PRD ( CD 100,000 ) ) ) )

The minimum unit is 100,000


( NP ( NP ( NP ( JJ Typical ) ( NNS rates ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ secondary ) ( NN market ) ) ) ) ( NP ( NP ( NP ( CD 8.60 ) ( NN % ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( CD 8.60 ) ( NN % ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( CD 8.45 ) ( NN % ) ) ( NP ( CD six ) ( NNS months ) ) ) ) )

Typical rates in the secondary market 8.60 % one month 8.60 % three months 8.45 % six months


( NP ( NP ( NNPS BANKERS ) ( NNPS ACCEPTANCES ) ) ( NP ( NP ( NP ( CD 8.45 ) ( NN % ) ) ( NP ( CD 30 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.32 ) ( NN % ) ) ( NP ( CD 60 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.32 ) ( NN % ) ) ( NP ( CD 90 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.17 ) ( NN % ) ) ( NP ( CD 120 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.08 ) ( NN % ) ) ( NP ( CD 150 ) ( NNS days ) ) ) ( NP ( NP ( CD 7.98 ) ( NN % ) ) ( NP ( CD 180 ) ( NNS days ) ) ) ) )

BANKERS ACCEPTANCES 8.45 % 30 days 8.32 % 60 days 8.32 % 90 days 8.17 % 120 days 8.08 % 150 days 7.98 % 180 days


( NP ( NP ( JJ Negotiable ) ( JJ bank-backed ) ( NN business ) ( NN credit ) ( NNS instruments ) ) ( VP ( ADVP ( RB typically ) ) ( VBG financing ) ( NP ( DT an ) ( NN import ) ( NN order ) ) ) )

Negotiable bank-backed business credit instruments typically financing an import order


( NP ( NP ( NNP LONDON ) ( RB LATE ) ( NNPS EURODOLLARS ) ) ( NP ( NP ( NP ( NP ( CD 8 ) ( CD 11\/16 ) ( NN % ) ) ( TO to ) ( NP ( CD 8 ) ( CD 9\/16 ) ( NN % ) ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( NP ( CD 8 ) ( CD 11\/16 ) ( NN % ) ) ( TO to ) ( NP ( CD 8 ) ( CD 9\/16 ) ( NN % ) ) ) ( NP ( CD two ) ( NNS months ) ) ) ( NP ( NP ( NP ( CD 8 ) ( CD 11\/16 ) ( NN % ) ) ( TO to ) ( NP ( CD 8 ) ( CD 9\/16 ) ( NN % ) ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( NP ( CD 8 ) ( CD 5\/8 ) ( NN % ) ) ( TO to ) ( NP ( CD 8 ) ( CD 1\/2 ) ( NN % ) ) ) ( NP ( CD four ) ( NNS months ) ) ) ( NP ( NP ( NP ( CD 8 ) ( CD 9\/16 ) ( NN % ) ) ( TO to ) ( NP ( CD 8 ) ( CD 7\/16 ) ( NN % ) ) ) ( NP ( CD five ) ( NNS months ) ) ) ( NP ( NP ( NP ( CD 8 ) ( CD 9\/16 ) ( NN % ) ) ( TO to ) ( NP ( CD 8 ) ( CD 7\/16 ) ( NN % ) ) ) ( NP ( CD six ) ( NNS months ) ) ) ) )

LONDON LATE EURODOLLARS 8 11\/16 % to 8 9\/16 % one month 8 11\/16 % to 8 9\/16 % two months 8 11\/16 % to 8 9\/16 % three months 8 5\/8 % to 8 1\/2 % four months 8 9\/16 % to 8 7\/16 % five months 8 9\/16 % to 8 7\/16 % six months


( NP ( NP ( NP ( NNP LONDON ) ( NNP INTERBANK ) ( VBN OFFERED ) ( NNS RATES ) ) ( PRN ( NP ( NNP LIBOR ) ) ) ) ( NP ( NP ( NP ( QP ( CD 8 ) ( CD 3\/4 ) ) ( NN % ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 11\/16 ) ) ( NN % ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 9\/16 ) ) ( NN % ) ) ( NP ( CD six ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 9\/16 ) ) ( NN % ) ) ( NP ( CD one ) ( NN year ) ) ) ) )

LONDON INTERBANK OFFERED RATES LIBOR 8 3\/4 % one month 8 11\/16 % three months 8 9\/16 % six months 8 9\/16 % one year


( NP ( NP ( NP ( DT The ) ( NN average ) ) ( PP ( IN of ) ( NP ( NN interbank ) ( VBN offered ) ( NNS rates ) ) ) ( PP ( IN for ) ( NP ( NN dollar ) ( NNS deposits ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ London ) ( NN market ) ) ) ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( NP ( NP ( NNS quotations ) ) ( PP-LOC ( IN at ) ( NP ( CD five ) ( JJ major ) ( NNS banks ) ) ) ) ) ) )

The average of interbank offered rates for dollar deposits in the London market based on quotations at five major banks


( NP ( NP ( NNP FOREIGN ) ( NNP PRIME ) ( NNPS RATES ) ) ( NP ( NP ( NP ( NNP Canada ) ) ( NP ( CD 13.50 ) ( NN % ) ) ) ( NP ( NP ( NNP Germany ) ) ( NP ( CD 8.50 ) ( NN % ) ) ) ( NP ( NP ( NNP Japan ) ) ( NP ( CD 4.875 ) ( NN % ) ) ) ( NP ( NP ( NNP Switzerland ) ) ( NP ( CD 8.50 ) ( NN % ) ) ) ( NP ( NP ( NNP Britain ) ) ( NP ( CD 15 ) ( NN % ) ) ) ) )

FOREIGN PRIME RATES Canada 13.50 % Germany 8.50 % Japan 4.875 % Switzerland 8.50 % Britain 15 %


( S ( S ( NP-SBJ ( DT These ) ( NN rate ) ( NNS indications ) ) ( VP ( VBP are ) ( RB n't ) ( ADJP-PRD ( RB directly ) ( JJ comparable ) ) ) ) ( S ( NP-SBJ ( VBG lending ) ( NNS practices ) ) ( VP ( VBP vary ) ( ADVP-MNR ( RB widely ) ) ( PP ( IN by ) ( NP ( NN location ) ) ) ) ) )

These rate indications are n't directly comparable lending practices vary widely by location


( NP ( NP ( NNP TREASURY ) ( NNPS BILLS ) ) ( NP ( NP ( NP ( NNS Results ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NAC-TMP ( NNP Monday ) ( NNP October ) ( CD 16 ) ( CD 1989 ) ) ( NN auction ) ) ( PP ( IN of ) ( NP ( NP ( JJ short-term ) ( NNP U.S. ) ( NN government ) ( NNS bills ) ) ( VP ( VBN sold ) ( PP-CLR ( IN at ) ( NP ( NP ( DT a ) ( NN discount ) ) ( PP ( IN from ) ( NP ( NN face ) ( NN value ) ) ) ) ) ( PP ( IN in ) ( NP ( NP ( NNS units ) ) ( PP ( IN of ) ( NP ( QP ( CD 10,000 ) ( TO to ) ( CD 1 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ( NP ( NP ( NP ( CD 7.37 ) ( NN % ) ) ( NP ( CD 13 ) ( NNS weeks ) ) ) ( NP ( NP ( CD 7.42 ) ( NN % ) ) ( NP ( CD 26 ) ( NNS weeks ) ) ) ) ) )

TREASURY BILLS Results of the Monday October 16 1989 auction of short-term U.S. government bills sold at a discount from face value in units of 10,000 to 1 million 7.37 % 13 weeks 7.42 % 26 weeks


( NP ( NP ( NP ( NNP FEDERAL ) ( NNP HOME ) ( NNP LOAN ) ( NNP MORTGAGE ) ( NNP CORP ) ) ( PRN ( NP ( NNP Freddie ) ( NNP Mac ) ) ) ) ( NP ( NP ( VBN Posted ) ( NNS yields ) ) ( PP ( IN on ) ( NP ( NP ( JJ 30-year ) ( NN mortgage ) ( NNS commitments ) ) ( PP ( IN for ) ( NP ( NP ( NN delivery ) ) ( PP-TMP ( IN within ) ( NP ( CD 30 ) ( NNS days ) ) ) ) ) ) ) ) )

FEDERAL HOME LOAN MORTGAGE CORP Freddie Mac Posted yields on 30-year mortgage commitments for delivery within 30 days


( NP ( NP ( NP ( CD 9.87 ) ( NN % ) ) ( NP ( JJ standard ) ( JJ conventional ) ( JJ fixed-rate ) ( NNS mortgages ) ) ) ( NP ( NP ( CD 7.875 ) ( NN % ) ) ( NP ( ADJP ( CD 2 ) ( NN % ) ) ( ADJP ( NN rate ) ( VBN capped ) ) ( JJ one-year ) ( JJ adjustable ) ( NN rate ) ( NNS mortgages ) ) ) )

9.87 % standard conventional fixed-rate mortgages 7.875 % 2 % rate capped one-year adjustable rate mortgages


( NP ( NP ( NN Source ) ) ( NP ( NNP Telerate ) ( NNPS Systems ) ( NNP Inc ) ) )

Source Telerate Systems Inc


( NP ( NP ( NP ( NNP FEDERAL ) ( NNP NATIONAL ) ( NNP MORTGAGE ) ( NNP ASSOCIATION ) ) ( PRN ( NP ( NNP Fannie ) ( NNP Mae ) ) ) ) ( NP ( NP ( NP ( VBN Posted ) ( NNS yields ) ) ( PP ( IN on ) ( NP ( NP ( CD 30 ) ( NN year ) ( NN mortgage ) ( NNS commitments ) ) ( PP ( IN for ) ( NP ( NP ( NN delivery ) ) ( PP-TMP ( IN within ) ( NP ( CD 30 ) ( NNS days ) ) ) ) ) ( PRN ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( NN par ) ) ) ) ) ) ) ) ( NP ( NP ( NP ( CD 9.81 ) ( NN % ) ) ( NP ( JJ standard ) ( JJ conventional ) ( JJ fixed-rate ) ( NNS mortgages ) ) ) ( NP ( NP ( CD 8.70 ) ( NN % ) ) ( NP ( CD 6\/2 ) ( ADJP ( NN rate ) ( VBN capped ) ) ( JJ one-year ) ( JJ adjustable ) ( NN rate ) ( NNS mortgages ) ) ) ) ) )

FEDERAL NATIONAL MORTGAGE ASSOCIATION Fannie Mae Posted yields on 30 year mortgage commitments for delivery within 30 days priced at par 9.81 % standard conventional fixed-rate mortgages 8.70 % 6\/2 rate capped one-year adjustable rate mortgages


Source Telerate Systems Inc


( NP ( NP ( NNP MERRILL ) ( NNP LYNCH ) ( NNP READY ) ( NNPS ASSETS ) ( NNP TRUST ) ) ( NP ( CD 8.50 ) ( NN % ) ) )

MERRILL LYNCH READY ASSETS TRUST 8.50 %


( NP ( NP ( NP ( VBN Annualized ) ( JJ average ) ( NN rate ) ) ( PP ( IN of ) ( NP ( NN return ) ) ) ( PP-TMP ( IN after ) ( NP ( NNS expenses ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ past ) ( CD 30 ) ( NNS days ) ) ) ) ( NP ( NP ( RB not ) ( DT a ) ( NN forecast ) ) ( PP ( IN of ) ( NP ( JJ future ) ( NNS returns ) ) ) ) )

Annualized average rate of return after expenses for the past 30 days not a forecast of future returns


( S ( NP-SBJ ( NNP China ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN question ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Taiwan ) ( POS 's ) ) ( NN membership ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP General ) ( NNP Agreement ) ) ( PP ( IN on ) ( NP ( NNPS Tariffs ) ( CC and ) ( NNP Trade ) ) ) ) ) ) ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN considered ) ( SBAR-TMP ( RB only ) ( IN after ) ( S ( NP-SBJ-2 ( NP ( NP ( NNP China ) ( POS 's ) ) ( JJ own ) ( NN membership ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ 97-nation ) ( NN organization ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN restored ) ) ) ) ) ) ) ) ) ) ) )

China said the question of Taiwan 's membership in the General Agreement on Tariffs and Trade should be considered only after China 's own membership in the 97-nation organization is restored


( S ( NP-SBJ ( DT Both ) ( NNP China ) ( CC and ) ( NNP Taiwan ) ) ( VP ( VBP are ) ( VP ( VBG seeking ) ( NP ( NP ( NNS seats ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP GATT ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VP ( VBZ sponsors ) ( NP ( JJ trade-liberalizing ) ( NNS agreements ) ) ) ( CC and ) ( VP ( VBZ sets ) ( NP ( JJ world-commerce ) ( NNS rules ) ) ) ) ) ) ) ) ) ) ) )

Both China and Taiwan are seeking seats in GATT which sponsors trade-liberalizing agreements and sets world-commerce rules


( S ( S-TPC-1 ( PP ( IN As ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( NNP China ) ( POS 's ) ) ( NNS provinces ) ) ) ) ) ( NP-SBJ ( NNP Taiwan ) ) ( VP ( VBZ has ) ( NP ( DT no ) ( NN right ) ( S ( VP ( TO to ) ( VP ( VB join ) ( NP ( NNP GATT ) ) ( PP ( IN on ) ( NP ( PRP$ its ) ( JJ own ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Foreign ) ( NNP Ministry ) ( NN spokesman ) ( NNP Li ) ( NNP Zhaoxing ) ) ( VP ( VBD said ) ) )

As one of China 's provinces Taiwan has no right to join GATT on its own Foreign Ministry spokesman Li Zhaoxing said


( S ( NP-SBJ ( NNP China ) ) ( PP-LOC ( IN under ) ( NP ( NP ( DT the ) ( JJ Nationalist ) ( NN government ) ) ( PP ( IN of ) ( NP ( NNP Chiang ) ( NNP Kai-shek ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( VBG founding ) ( NN member ) ) ( PP ( IN of ) ( NP ( NNP GATT ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1947 ) ) ) ) )

China under the Nationalist government of Chiang Kai-shek was a founding member of GATT in 1947


( S ( S ( NP-SBJ ( DT The ) ( NNPS Nationalists ) ) ( VP ( VBD withdrew ) ( PP-TMP ( IN in ) ( NP ( CD 1950 ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( PRP$ their ) ( NN flight ) ) ( PP ( TO to ) ( NP ( NNP Taiwan ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( DT the ) ( JJ Communist ) ( NN government ) ) ( PP-LOC ( IN in ) ( NP ( NNP Beijing ) ) ) ) ( VP ( VBD applied ) ( PP-CLR ( IN for ) ( NP ( NP ( NN restoration ) ) ( PP ( IN of ) ( NP ( NP ( NNP China ) ( POS 's ) ) ( NN membership ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ( CD 1986 ) ) ) ) ) )

The Nationalists withdrew in 1950 after their flight to Taiwan and the Communist government in Beijing applied for restoration of China 's membership in July 1986


( S ( NP-SBJ-2 ( DT The ) ( NNP U.S. ) ) ( VP ( VBZ has ) ( VP ( VBN voiced ) ( NP ( NP ( NN opposition ) ) ( PP ( TO to ) ( NP ( NP ( NP ( NNP China ) ( POS 's ) ) ( NN bid ) ) ( PP ( IN for ) ( NP ( NNP GATT ) ( NN membership ) ) ) ) ) ) ( S-ADV ( VP ( VBG saying ) ( SBAR ( S ( NP-SBJ-1 ( NNP China ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB yet ) ) ( S ( VP ( TO to ) ( VP ( VB undertake ) ( NP ( VBN needed ) ( JJ economic ) ( NNS reforms ) ) ) ) ) ) ) ) ) ) ) ) )

The U.S. has voiced opposition to China 's bid for GATT membership saying China has yet to undertake needed economic reforms


( S ( NP-SBJ ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( JJS biggest ) ( NP ( NNS women ) ( POS 's ) ) ( NN underwear ) ( NN maker ) ) ( NP ( NNP Wacoal ) ( NNP Corp. ) ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD developed ) ( NP ( NP ( DT a ) ( NNS sports ) ( NN car ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB market ) ( PP-TMP ( IN in ) ( NP ( CD two ) ( NNS years ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Japan 's biggest women 's underwear maker Wacoal Corp. said that it developed a sports car that it plans to market in two years


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( NNP Jiotto ) ( NNP Caspita ) ) ( VP ( MD can ) ( VP ( VB run ) ( PP ( IN at ) ( NP ( NP ( QP ( IN over ) ( CD 188 ) ) ( NNS miles ) ) ( NP-ADV ( DT an ) ( NN hour ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NN company ) ( NN spokesman ) ) ( VP ( VBD said ) ) )

The Jiotto Caspita can run at over 188 miles an hour a company spokesman said


( S ( NP-SBJ-1 ( NP ( DT The ) ( NN base ) ( NN price ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN car ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN estimated ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( CD 30 ) ( CD million ) ) ( NN yen ) ) ( PRN ( NP ( QP ( IN about ) ( CD 213,000 ) ) ) ) ) ) ) ) )

The base price of the car is estimated at 30 million yen about 213,000


( S ( NP-SBJ ( NNP Wacoal ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ intends ) ( S ( VP ( TO to ) ( VP ( VB produce ) ( NP ( DT the ) ( NNS cars ) ) ( PP ( IN through ) ( NP ( DT a ) ( NN car ) ( NN manufacturer ) ) ) ) ) ) ) ) ) ) )

Wacoal said it intends to produce the cars through a car manufacturer


( S ( PP ( IN Along ) ( PP ( IN with ) ( NP ( DT the ) ( NN car ) ) ) ) ( NP-SBJ-1 ( NNP Wacoal ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB launch ) ( NP ( NP ( DT a ) ( NN series ) ) ( PP ( IN of ) ( NP ( NP ( JJ Caspita-brand ) ( NNS men ) ( POS 's ) ) ( NN underwear ) ) ) ) ) ) ) ) )

Along with the car Wacoal plans to launch a series of Caspita-brand men 's underwear


( SINV ( S-TPC-2 ( NP-SBJ ( PRP$ Our ) ( NN image ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NN company ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ makes ) ( NP ( NP ( NNS women ) ( POS 's ) ) ( NNS products ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( DT a ) ( NNP Wacoal ) ( NN spokesman ) ) )

Our image is a company that makes women 's products said a Wacoal spokesman


( S ( ADVP ( RB Now ) ) ( NP-SBJ-1 ( PRP we ) ) ( VP ( VBP 're ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( PP-CLR ( TO to ) ( NP ( NNS men ) ) ) ) ) ) ) ) )

Now we 're going to sell to men


( S ( NP-SBJ ( DT The ) ( JJ British ) ( JJ satirical ) ( NN magazine ) ( NNP Private ) ( NNP Eye ) ) ( VP ( VBD won ) ( NP ( NP ( DT an ) ( NN appeal ) ) ( PP ( IN against ) ( NP ( NP ( DT the ) ( NN size ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( ADJP ( CD 960,000 ) ) ( NN libel ) ( NN award ) ) ( PP ( TO to ) ( NP ( NP ( NNP Sonia ) ( NNP Sutcliffe ) ) ( NP ( NP ( DT the ) ( VBN estranged ) ( NN wife ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Yorkshire ) ( NNP Ripper ) ( NN mass ) ( NN murderer ) ) ) ) ) ) ) ) ) ) ) ) )

The British satirical magazine Private Eye won an appeal against the size of a 960,000 libel award to Sonia Sutcliffe the estranged wife of the Yorkshire Ripper mass murderer


( S ( NP-SBJ ( DT An ) ( NN appeals-court ) ( NN panel ) ) ( VP ( VBD slashed ) ( NP ( QP ( DT all ) ( CC but ) ( CD 40,000 ) ) ) ( PP-CLR ( IN from ) ( NP ( NP ( DT the ) ( NN award ) ) ( NP ( NP ( DT the ) ( JJS largest ) ) ( VP ( ADVP-TMP ( RB ever ) ) ( VBN set ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( JJ British ) ( NN jury ) ) ) ) ) ) ) ( PP ( VBG pending ) ( NP ( NP ( DT a ) ( NN reassessment ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS damages ) ) ) ) ) ) )

An appeals-court panel slashed all but 40,000 from the award the largest ever set by a British jury pending a reassessment of the damages


( S ( CC But ) ( NP-SBJ ( DT the ) ( NN panel ) ) ( VP ( VBD dismissed ) ( NP ( NP ( DT the ) ( NN magazine ) ( POS 's ) ) ( NN contention ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD had ) ( RB n't ) ( VP ( VBN libeled ) ( NP ( NNP Mrs. ) ( NNP Sutcliffe ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD accused ) ( NP-3 ( PRP her ) ) ( PP-CLR ( IN of ) ( S-NOM ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( PRP$ her ) ( NN story ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB capitalize ) ( PP-CLR ( IN on ) ( NP ( NP ( DT the ) ( NN notoriety ) ) ( PP ( IN of ) ( NP ( PRP$ her ) ( NN husband ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But the panel dismissed the magazine 's contention that it had n't libeled Mrs. Sutcliffe when it accused her of trying to sell her story to capitalize on the notoriety of her husband


( S ( NP-SBJ-1 ( NNP Private ) ( NNP Eye ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN threatened ) ( PP ( IN with ) ( NP ( NN closure ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB afford ) ( NP ( DT the ) ( NN libel ) ( NN payment ) ) ) ) ) ) ) ) ) )

Private Eye had been threatened with closure because it could n't afford the libel payment


( S ( NP-SBJ ( NP ( NNP Senshukai ) ( NNP Co. ) ) ( NP ( NP ( DT a ) ( NN travel ) ( NN agent ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Osaka ) ) ( NP ( NNP Japan ) ) ) ) ) ) ) ( VP ( VBD announced ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( PRP it ) ) ( CC and ) ( NP ( NP ( NNP Nissho ) ( NNP Iwai ) ( NNP Corp. ) ) ( NP ( DT a ) ( JJ major ) ( JJ Japanese ) ( NN trading ) ( NN house ) ) ) ) ( VP ( MD will ) ( VP ( ADVP-MNR ( RB jointly ) ) ( VB build ) ( NP ( DT a ) ( JJ 130-unit ) ( NN condominium ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Queensland ) ) ( NP ( NNP Australia ) ) ) ) ) ) ) ) ) )

Senshukai Co. a travel agent based in Osaka Japan announced that it and Nissho Iwai Corp. a major Japanese trading house will jointly build a 130-unit condominium in Queensland Australia


( S ( NP-SBJ ( NNP Senshukai ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NNS partners ) ) ( VP ( VP ( VBP plan ) ( S ( VP ( TO to ) ( VP ( VB rent ) ( PP-CLR ( TO to ) ( NP ( NNS tourists ) ) ) ) ) ) ) ( CC but ) ( VP ( MD will ) ( RB also ) ( VP ( VB sell ) ( PP-CLR ( TO to ) ( NP ( JJ interested ) ( NNS parties ) ) ) ) ) ) ) ) ) )

Senshukai said the partners plan to rent to tourists but will also sell to interested parties


( S ( S ( NP-SBJ ( NNP Senshukai ) ) ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( ADJP ( CD 60 ) ( NN % ) ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN venture ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Nissho ) ( NNP Iwai ) ) ( VP ( VBZ has ) ( NP ( DT the ) ( NN rest ) ) ) ) )

Senshukai has a 60 % stake in the venture and Nissho Iwai has the rest


( S ( NP-SBJ-1 ( NP ( NN Construction ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ 34-floor ) ( NN building ) ) ) ) ( VP ( VP ( MD will ) ( VP ( VB begin ) ( NP-TMP ( JJ next ) ( NNP May ) ) ) ) ( CC and ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN completed ) ( PP-TMP ( IN in ) ( NP ( NNP April ) ( CD 1992 ) ) ) ) ) ) ) )

Construction of the 34-floor building will begin next May and should be completed in April 1992


( S ( NP-SBJ ( NNS Units ) ) ( VP ( MD will ) ( VP ( VB cost ) ( NP ( NP ( QP ( IN from ) ( CD 500,000 ) ( TO to ) ( CD 3.5 ) ( CD million ) ) ( JJ Australian ) ( NNS dollars ) ) ( PRN ( NP ( QP ( IN about ) ( CD 386,000 ) ( TO to ) ( CD 2.7 ) ( CD million ) ) ) ) ) ) ) )

Units will cost from 500,000 to 3.5 million Australian dollars about 386,000 to 2.7 million


( S ( NP-SBJ ( DT The ) ( NNP Soviet ) ( NNP Union ) ) ( VP ( VP ( VBZ has ) ( VP ( VBN halted ) ( NP ( NP ( NN construction ) ) ( PP ( IN of ) ( NP ( CD two ) ( JJ Chernobyl-type ) ( JJ nuclear ) ( NNS reactors ) ) ) ) ) ) ( CC and ) ( VP ( VBZ is ) ( VP ( VBG reassessing ) ( NP ( NP ( DT the ) ( NN future ) ) ( PP ( IN of ) ( NP ( CD 12 ) ( JJ other ) ( VBG existing ) ( NNS reactors ) ) ) ) ) ) ) )

The Soviet Union has halted construction of two Chernobyl-type nuclear reactors and is reassessing the future of 12 other existing reactors