( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( NP ( NNP East ) ( NNP Germany ) ( POS 's ) ) ( NNP ADN ) ( NN news ) ( NN agency ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VP ( VBD spoke ) ( PP-CLR ( TO to ) ( NP ( JJ Soviet ) ( NN leader ) ( NNP Mikhail ) ( NNP Gorbachev ) ) ) ( PP-MNR ( IN by ) ( NP ( NN telephone ) ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( NN weekend ) ) ) ) ( CC and ) ( VP ( VBD acknowledged ) ( SBAR ( S ( NP-SBJ ( NNP East ) ( NNP Germany ) ) ( VP ( MD could ) ( VP ( VB learn ) ( PP-CLR ( IN from ) ( NP ( NP ( NNP Moscow ) ( POS 's ) ) ( NN glasnost ) ( NNS policies ) ) ) ) ) ) ) ) ) )

According to East Germany 's ADN news agency Mr. Krenz spoke to Soviet leader Mikhail Gorbachev by telephone over the weekend and acknowledged East Germany could learn from Moscow 's glasnost policies


( S ( ADVP-TMP ( RB Already ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VBD started ) ( S ( VP ( VBG overhauling ) ( NP ( NP ( NNP East ) ( NNP Germany ) ( VBZ 's ) ) ( ADJP ( ADJP ( RB heavily ) ( VBN censored ) ) ( CC and ) ( ADJP ( RB notoriously ) ( VBG boring ) ) ) ( NN news ) ( NNS media ) ) ) ) ) )

Already last week Mr. Krenz started overhauling East Germany 's heavily censored and notoriously boring news media


( S ( PP-TMP ( IN On ) ( NP ( NNP Thursday ) ) ) ( SBAR-TMP ( NP ( DT a ) ( NN day ) ) ( RB after ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD took ) ( NP ( NN office ) ) ) ) ) ( NP-SBJ-1 ( ADJP ( JJ East ) ( JJ German ) ) ( NN television ) ) ( VP ( VBD broke ) ( PP-CLR ( IN into ) ( NP ( JJ regular ) ( NN programming ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB launch ) ( NP ( NP ( DT a ) ( NN talk ) ( NN show ) ) ( SBAR ( WHPP-2 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NNS viewers ) ) ( VP ( VBP call ) ( PRT ( RP in ) ) ( NP ( NP ( NNS questions ) ) ( SBAR ( IN for ) ( S ( NP-SBJ ( NP ( DT a ) ( NN panel ) ) ( PP ( IN of ) ( NP ( NNS officials ) ) ) ) ( VP ( TO to ) ( VP ( VB answer ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

On Thursday a day after he took office East German television broke into regular programming to launch a talk show in which viewers call in questions for a panel of officials to answer


( S ( NP-SBJ ( NP ( DT The ) ( JJ regular ) ( JJ nightly ) ( NN news ) ( NN program ) ) ( CC and ) ( NP ( JJ daily ) ( NNS newspapers ) ) ) ( VP ( VBP are ) ( ADVP ( RB also ) ) ( VP ( VBG getting ) ( NP ( NP ( DT a ) ( JJ visible ) ( NN injection ) ) ( PP ( IN of ) ( NP ( JJ Soviet-style ) ( NN glasnost ) ) ) ) ) ) )

The regular nightly news program and daily newspapers are also getting a visible injection of Soviet-style glasnost


( SINV ( S-TPC-1 ( NP-SBJ ( PRP It ) ) ( VP ( VBD was ) ( NP-PRD ( RB quite ) ( DT a ) ( NN shock ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( DT a ) ( JJ 43-year-old ) ( JJ East ) ( JJ German ) ( NN shopkeeper ) ) )

It was quite a shock says a 43-year-old East German shopkeeper


( S ( PP-TMP ( IN For ) ( NP ( NP ( DT the ) ( JJ first ) ( NN time ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ my ) ( NN life ) ) ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBD was ) ( RB n't ) ( ADJP-PRD ( JJ sure ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBD was ) ( VP ( VBG listening ) ( PP-CLR ( TO to ) ( NP ( NP ( PRP$ our ) ( NN news ) ) ( CC or ) ( NP ( ADJP ( JJ West ) ( JJ German ) ) ( NN television ) ) ) ) ) ) ) ) ) ) )

For the first time in my life I was n't sure whether I was listening to our news or West German television


( S ( NP-SBJ-1 ( NP ( JJ Other ) ( NNS changes ) ) ( PP ( VBG including ) ( S-NOM ( VP ( VBG easing ) ( NP ( NP ( NNS restrictions ) ) ( PP ( IN on ) ( NP ( NN travel ) ) ) ( PP ( IN for ) ( NP ( NNS East ) ( NNS Germans ) ) ) ) ) ) ) ) ( VP ( VBP are ) ( VP ( VBN expected ) ) ) )

Other changes including easing restrictions on travel for East Germans are expected


( S ( CC But ) ( SBAR-SBJ ( IN whether ) ( S ( NP-SBJ ( JJ such ) ( NNS moves ) ) ( VP ( MD can ) ( VP ( VB win ) ( ADVP-CLR ( RB back ) ) ( NP ( NP ( DT the ) ( NN confidence ) ) ( PP ( IN of ) ( NP ( NP ( NNS East ) ( NNS Germans ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP have ) ( VP ( VBN taken ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NNS streets ) ) ) ( PP-MNR ( IN by ) ( NP ( DT the ) ( NNS thousands ) ) ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS weeks ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB demand ) ( NP ( JJ democratic ) ( NNS changes ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ depends ) ( ADVP ( RB largely ) ) ( PP-CLR ( IN on ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP feel ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD can ) ( VP ( VB trust ) ( NP ( NNP Mr. ) ( NNP Krenz ) ) ) ) ) ) ) ) ) ) ) )

But whether such moves can win back the confidence of East Germans who have taken to the streets by the thousands in recent weeks to demand democratic changes depends largely on whether they feel they can trust Mr. Krenz


( S ( CC And ) ( NP-SBJ ( DT that ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT a ) ( NN problem ) ) ) )

And that 's a problem


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VBZ is ) ( VP ( CONJP ( RB not ) ( RB only ) ) ( VP ( ADVP-MNR ( RB closely ) ) ( VBN identified ) ( PP-CLR ( IN with ) ( NP ( NP ( PRP$ his ) ( NN mentor ) ) ( NP ( NNP Mr. ) ( NNP Honecker ) ) ) ) ) ( CONJP ( CC but ) ( RB also ) ) ( VP ( VBN blamed ) ( PP-CLR ( PP ( IN for ) ( S-NOM ( VP ( VBG ordering ) ( NP ( NP ( JJ violent ) ( NN police ) ( NN action ) ) ( PP ( IN against ) ( NP ( NNS protesters ) ) ) ( NP-TMP ( DT this ) ( NN month ) ) ) ) ) ) ( CC and ) ( PP ( IN for ) ( S-NOM ( VP ( VBG praising ) ( NP-3 ( NNP China ) ) ( PP-CLR ( IN for ) ( S-NOM ( VP ( VBG sending ) ( NP ( NNS tanks ) ) ( PP-CLR ( IN against ) ( NP ( NN student ) ( NNS demonstrators ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Krenz is not only closely identified with his mentor Mr. Honecker but also blamed for ordering violent police action against protesters this month and for praising China for sending tanks against student demonstrators


( SINV ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP hope ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ grows ) ( PP ( IN with ) ( NP ( DT the ) ( NN job ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Rainer ) ( NNP Eppelmann ) ) ( NP ( NP ( DT a ) ( JJ Protestant ) ( NN pastor ) ) ( PP-LOC ( IN in ) ( NP ( NNP East ) ( NNP Berlin ) ) ) ) ) )

I hope he grows with the job says Rainer Eppelmann a Protestant pastor in East Berlin


( S ( NP-SBJ ( DT The ) ( ADJP ( RBS most ) ( JJ important ) ) ( NN thing ) ) ( VP ( VBZ is ) ( SBAR-PRD ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VB have ) ( NP ( DT a ) ( NN chance ) ) ) ) ) ) )

The most important thing is that he have a chance


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VBZ is ) ( VP ( VBN dedicated ) ( PP-CLR ( TO to ) ( NP ( NP ( NP ( NNP East ) ( NNP Germany ) ( POS 's ) ) ( JJ conservative ) ( NN vein ) ) ( PP ( IN of ) ( NP ( NN communism ) ) ) ) ) ) ) ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJ much ) ) ( PP ( IN about ) ( NP ( PRP$ his ) ( NN style ) ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ sets ) ( NP-CLR ( PRP him ) ) ( ADVP-CLR ( RB apart ) ) ( PP-CLR ( IN from ) ( NP ( PRP$ his ) ( NN party ) ( NNS comrades ) ) ) ) ) ) ) ) )

Although Mr. Krenz is dedicated to East Germany 's conservative vein of communism there is much about his style that sets him apart from his party comrades


( S ( PP ( IN Unlike ) ( NP ( NP ( NNP Mr. ) ( NNP Honecker ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD tended ) ( S ( VP ( TO to ) ( VP ( VB lecture ) ( NP ( NNS people ) ) ( PP-CLR ( IN about ) ( NP ( JJ socialist ) ( NNS values ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-3 ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VBZ enjoys ) ( S ( VP ( VBG asking ) ( NP ( NNS questions ) ) ) ) ) )

Unlike Mr. Honecker who tended to lecture people about socialist values Mr. Krenz enjoys asking questions


( S ( ADVP ( RB Indeed ) ) ( NP-SBJ ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( JJ first ) ( NNS actions ) ) ( PP ( IN as ) ( NP ( NN leader ) ) ) ) ) ) ( VP ( VBD was ) ( S-PRD ( VP ( TO to ) ( VP ( VP ( VB visit ) ( NP ( NP ( DT a ) ( JJ gritty ) ( NN machine ) ( NN factory ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT the ) ( NNS outskirts ) ) ( PP ( IN of ) ( NP ( NNP Berlin ) ) ) ) ) ) ) ( CC and ) ( VP ( VB wander ) ( PP-LOC ( IN among ) ( NP ( DT the ) ( NNS workers ) ) ) ( ADVP-MNR ( FW a ) ( FW la ) ( NP ( NNP Gorbachev ) ) ) ) ) ) ) ) )

Indeed one of his first actions as leader was to visit a gritty machine factory on the outskirts of Berlin and wander among the workers a la Gorbachev


( S ( NP-SBJ-1 ( PRP He ) ) ( VP ( VBD was ) ( ADVP-TMP ( RB later ) ) ( VP ( VBN shown ) ( PP-LOC ( IN on ) ( NP ( NN television ) ) ) ( S-ADV ( VP ( VBG fielding ) ( NP ( NNS questions ) ) ) ) ) ) )

He was later shown on television fielding questions


( S ( PP-TMP ( IN At ) ( NP ( CD one ) ( NN point ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD asked ) ( NP ( DT a ) ( NN worker ) ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD thought ) ( SBAR ( S ( NP-SBJ ( NNS East ) ( NNS Germans ) ) ( VP ( VBD were ) ( VP ( VBG fleeing ) ( NP ( DT the ) ( NN country ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( JJ restrictive ) ( NN travel ) ( NNS policies ) ) ) ) ) ) ) ) ) ) ) )

At one point he asked a worker whether he thought East Germans were fleeing the country because of restrictive travel policies


( NP ( NP ( NP ( DT The ) ( NN worker ) ( POS 's ) ) ( JJ tart ) ( NN reply ) ) ( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( JJR more ) ) ( PP ( IN than ) ( NP ( JJ just ) ( NN travel ) ) ) ) ) ) )

The worker 's tart reply It 's more than just travel


( S ( NP-SBJ ( NNS People ) ) ( VP ( VBP have ) ( NP ( DT a ) ( NN sense ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN government ) ) ( VP ( VBZ is ) ( VP ( VBG ignoring ) ( NP ( NP ( DT the ) ( JJ real ) ( NNS problems ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ our ) ( NN society ) ) ) ) ) ) ) ) ) ) )

People have a sense the government is ignoring the real problems in our society


( S ( NP-SBJ ( DT The ) ( NN exchange ) ) ( VP ( VBD was ) ( ADJP-PRD ( NP ( DT all ) ( DT the ) ( RBR more ) ) ( JJ remarkable ) ) ( PP-PRP ( IN in ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS authorities ) ) ( VP ( VBD released ) ( NP ( NN television ) ( NN footage ) ) ( PP-CLR ( TO to ) ( NP ( JJ Western ) ( NN news ) ( NNS agencies ) ) ) ) ) ) ) ) )

The exchange was all the more remarkable in that authorities released television footage to Western news agencies


( S ( NP-SBJ ( NP ( DT This ) ( JJ same ) ( NN tendency ) ) ( PP ( IN toward ) ( NP ( NN openness ) ) ) ) ( VP ( VBD impressed ) ( NP ( NP ( DT a ) ( NN group ) ) ( PP ( IN of ) ( NP ( VBG visiting ) ( NNP U.S. ) ( NNS congressmen ) ) ) ) ( NP-TMP ( DT this ) ( NN spring ) ) ) )

This same tendency toward openness impressed a group of visiting U.S. congressmen this spring


( S-3 ( PP ( RB Rather ) ( IN than ) ( S-NOM ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB lecture ) ( NP ( PRP us ) ) ) ) ) ) ) ) ( PRN ( SINV ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( CD one ) ( JJ congressional ) ( NN aide ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD attended ) ( NP ( DT the ) ( JJ two-hour ) ( NN meeting ) ) ) ) ) ) ) ) ( NP-SBJ-4 ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VBD wanted ) ( S ( VP ( TO to ) ( VP ( VB listen ) ) ) ) ) )

Rather than trying to lecture us says one congressional aide who attended the two-hour meeting Mr. Krenz wanted to listen


( S ( NP-SBJ ( NP ( NP ( NNP Rep. ) ( NNP Ronnie ) ( NNP Flippo ) ) ( NP ( NNP D. ) ) ( NP-LOC ( NNP Ala. ) ) ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS members ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN delegation ) ) ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD was ) ( VP ( ADVP ( RB particularly ) ) ( VBN impressed ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Mr. ) ( NNP Krenz ) ( POS 's ) ) ( JJ ready ) ( NN admission ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NNP East ) ( NNP Germany ) ) ( VP ( VBD needed ) ( S ( VP ( TO to ) ( VP ( VB change ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Rep. Ronnie Flippo D. Ala. one of the members of the delegation says he was particularly impressed by Mr. Krenz 's ready admission that East Germany needed to change


( SINV ( S-TPC-2 ( NP-SBJ ( PRP He ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( ADVP ( RB very ) ( JJ tough ) ) ( NN man ) ) ( CC but ) ( NP ( NP ( CD one ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ 's ) ( ADVP ( RB also ) ) ( ADJP-PRD ( JJ open ) ( PP ( TO to ) ( NP ( NNS arguments ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ adds ) ) ( NP-SBJ ( NP ( DT an ) ( NN aide ) ) ( PP ( TO to ) ( NP ( ADJP ( JJ West ) ( JJ German ) ) ( NNP Chancellor ) ( NNP Helmut ) ( NNP Kohl ) ) ) ) )

He 's a very tough man but one who 's also open to arguments adds an aide to West German Chancellor Helmut Kohl


( S ( CC But ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT another ) ( NN side ) ) ( PP ( TO to ) ( NP ( NNP Mr. ) ( NNP Krenz ) ) ) ) )

But there 's another side to Mr. Krenz


( S ( S-ADV ( VP ( VBN Born ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( JJ Baltic ) ( NN town ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT an ) ( NN area ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( ADVP-TMP ( RB now ) ) ( NP-PRD ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( NNP Poland ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( VP ( VBN dedicated ) ( NP ( PRP$ his ) ( NN life ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN party ) ( NN apparatus ) ) ) ) ) )

Born in a Baltic town in an area which is now part of Poland he has dedicated his life to the party apparatus


( S ( NP-SBJ ( PRP He ) ) ( VP ( VP ( VBD moved ) ( ADVP-MNR ( RB quickly ) ) ( PP-CLR ( IN through ) ( NP ( DT the ) ( NNS ranks ) ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN help ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( NN patron ) ) ( NP ( NNP Mr. ) ( NNP Honecker ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD emerged ) ( PP-CLR ( IN as ) ( NP ( DT the ) ( NN heir ) ( JJ apparent ) ) ) ) ) )

He moved quickly through the ranks with the help of his patron Mr. Honecker and emerged as the heir apparent


( S ( NP-SBJ ( NP ( NNP Barbara ) ( NNP Donovan ) ) ( NP ( NP ( DT an ) ( NN expert ) ) ( PP ( IN on ) ( NP ( NNP East ) ( NNP Germany ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Radio ) ( NNP Free ) ( NNP Europe ) ) ( PP-LOC ( IN in ) ( NP ( NNP Munich ) ) ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( S ( NP-SBJ ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( MD may ) ( VP ( VB project ) ( NP ( DT a ) ( JJ smooth ) ( NN image ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBZ doubts ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT a ) ( JJ true ) ( JJ reformer ) ) ) ) ) ) ) ) ) ) )

Barbara Donovan an expert on East Germany at Radio Free Europe in Munich says Mr. Krenz may project a smooth image but she doubts he 's a true reformer


( S-1 ( SBAR-ADV ( RB Even ) ( IN if ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBZ adds ) ) ) ) ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBZ appears ) ( S ( VP ( TO to ) ( VP ( VB have ) ( NP ( NP ( RB only ) ( JJ limited ) ( NN room ) ) ( PP ( IN for ) ( NP ( NN maneuver ) ) ) ( PP-LOC ( IN within ) ( NP ( NP ( DT the ) ( NNP Communist ) ( NNP Party ) ( POS 's ) ) ( NN ruling ) ( NNP Politburo ) ) ) ) ) ) ) ) )

Even if he is she adds he appears to have only limited room for maneuver within the Communist Party 's ruling Politburo


( S ( PP-LOC ( IN Against ) ( NP ( DT this ) ( NN background ) ) ) ( NP-SBJ-1 ( DT the ) ( JJ new ) ( NNP East ) ( NNP German ) ( NN leader ) ) ( VP ( MD must ) ( VP ( VB move ) ( ADVP-MNR ( RB quickly ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB shore ) ( PRT ( RP up ) ) ( NP ( NP ( PRP$ his ) ( NN government ) ( POS 's ) ) ( NN standing ) ) ) ) ) ) ) )

Against this background the new East German leader must move quickly to shore up his government 's standing


( S ( NP-SBJ ( NP ( NP ( DT The ) ( JJ sudden ) ( NN growth ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN opposition ) ( NN movement ) ) ) ) ( RB together ) ( IN with ) ( NP ( NP ( DT the ) ( JJ steady ) ( NN outflow ) ) ( PP ( IN of ) ( NP ( NP ( NNS citizens ) ) ( VP ( VBG escaping ) ( PP ( IN through ) ( NP ( NNP Poland ) ( CC and ) ( NNP Hungary ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN plunged ) ( NP ( DT the ) ( NN country ) ) ( PP-DIR ( IN into ) ( NP ( NP ( PRP$ its ) ( JJS deepest ) ( JJ political ) ( NN crisis ) ) ( PP-TMP ( IN since ) ( NP ( NP ( NP ( DT an ) ( JJ anti-Soviet ) ( NNS workers ) ( POS ' ) ) ( NN uprising ) ) ( PP-TMP ( IN in ) ( NP ( CD 1953 ) ) ) ) ) ) ) ) ) )

The sudden growth of the opposition movement together with the steady outflow of citizens escaping through Poland and Hungary has plunged the country into its deepest political crisis since an anti-Soviet workers ' uprising in 1953


( SINV ( S-TPC-1 ( NP-SBJ ( PRP He ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB have ) ( NP ( DT any ) ( NN honeymoon ) ( NN period ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( DT a ) ( JJ Western ) ( NN diplomat ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NNP East ) ( NNP Berlin ) ) ) ) ) )

He does n't have any honeymoon period says a Western diplomat based in East Berlin


( S ( CC But ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ sharp ) ( CC and ) ( JJ quick ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( NP ( DT a ) ( NN chance ) ) ) )

But if he 's sharp and quick he has a chance


( S ( NP-SBJ ( DT The ) ( NN diplomat ) ) ( VP ( VBZ adds ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VBZ has ) ( NP ( NP ( JJ several ) ( NNS things ) ) ( VP ( VBG going ) ( PP ( IN for ) ( NP ( PRP him ) ) ) ) ) ) ) ) ) )

The diplomat adds that Mr. Krenz has several things going for him


( S ( NP-SBJ ( DT The ) ( NNP East ) ( NNP German ) ( NN economy ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RB strong ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( JJ other ) ( JJ East ) ( NN bloc ) ( NNS nations ) ) ) ) ) )

The East German economy is strong compared with other East bloc nations


( S ( CC And ) ( NP-SBJ ( PRP$ his ) ( JJ relative ) ( NN youth ) ) ( VP ( MD could ) ( VP ( VB help ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( VB project ) ( NP ( NP ( DT a ) ( ADJP ( RBR more ) ( JJ vibrant ) ) ( NN image ) ) ( VP ( VBG contrasting ) ( PP-CLR ( IN with ) ( NP ( NP ( DT the ) ( NN perception ) ) ( PP ( IN of ) ( NP ( NNP Mr. ) ( NNP Honecker ) ) ) ( PP ( IN as ) ( NP ( DT an ) ( JJ out-of-touch ) ( JJ old ) ( NN man ) ) ) ) ) ) ) ) ) ) ) )

And his relative youth could help him project a more vibrant image contrasting with the perception of Mr. Honecker as an out-of-touch old man


( S ( PP ( IN For ) ( NP ( JJ average ) ( NNS East ) ( NNS Germans ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Krenz ) ) ( VP ( VBZ remains ) ( NP-PRD ( DT a ) ( NN puzzle ) ) ) )

For average East Germans Mr. Krenz remains a puzzle


( SINV ( S-TPC ( CC Either ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD was ) ( RB n't ) ( VP ( VBG being ) ( ADJP-PRD ( JJ real ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN past ) ) ) ) ) ) ( CC or ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( RB n't ) ( VP ( VBG being ) ( ADJP-PRD ( RB real ) ) ( ADVP-TMP ( RB right ) ( RB now ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( DT a ) ( JJ 30-year-old ) ( JJ East ) ( JJ German ) ( NN doctor ) ) )

Either he was n't being real in the past or he is n't being real right now says a 30-year-old East German doctor


( S ( NP-ADV ( NNP Either ) ( NN way ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBP have ) ( NP ( DT a ) ( NN problem ) ) ( PP ( IN with ) ( SBAR-NOM ( WHADVP-1 ( WRB how ) ( RB quickly ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ 's ) ( VP ( VBN changed ) ) ) ) ) ) ) )

Either way I have a problem with how quickly he 's changed


( S ( NP-SBJ ( DT The ) ( NN doctor ) ) ( VP ( VBD was ) ( PP-LOC-PRD ( IN among ) ( NP ( NP ( NNS dozens ) ) ( PP ( IN of ) ( NP ( NNS people ) ) ) ( VP ( VBG milling ) ( PP-DIR ( IN through ) ( NP ( NP ( JJ East ) ( JJ Berlin ) ( POS 's ) ) ( NNP Gethsemane ) ( NNP Church ) ) ) ( NP-TMP ( NNP Saturday ) ( NN morning ) ) ) ) ) ) )

The doctor was among dozens of people milling through East Berlin 's Gethsemane Church Saturday morning


( S ( NP-SBJ-1 ( NP ( DT The ) ( NNS walls ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN church ) ) ) ) ( VP ( VBP are ) ( VP ( VBN covered ) ( PP-CLR ( IN with ) ( NP ( NP ( NP ( NNS leaflets ) ) ( NP ( NN news ) ( NNS clippings ) ) ( CC and ) ( NP ( JJ handwritten ) ( NNS notes ) ) ) ( VP ( VBN associated ) ( PP-CLR ( IN with ) ( NP ( NP ( DT the ) ( NN country ) ( POS 's ) ) ( JJ political ) ( NN opposition ) ) ) ) ) ) ) ) )

The walls of the church are covered with leaflets news clippings and handwritten notes associated with the country 's political opposition


( S-4 ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBP have ) ( S ( VP ( TO to ) ( VP ( VB come ) ( ADVP-CLR ( RB here ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB read ) ( NP ( DT the ) ( NNS walls ) ) ) ) ) ( PRN ( SINV ( VP ( VBZ says ) ) ( NP-SBJ ( DT the ) ( NN doctor ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( NN information ) ) ( SBAR ( S ( NP-SBJ ( PRP I ) ) ( ADVP-TMP ( RB still ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB get ) ( PP ( IN through ) ( NP ( DT the ) ( NNS newspapers ) ) ) ) ) ) ) ) ) ) ) ) )

I have to come here to read the walls says the doctor because it 's information I still ca n't get through the newspapers


( S ( ADVP-TMP ( RB Meanwhile ) ) ( NP-SBJ ( NP ( NNP East ) ( NNP Germany ) ( POS 's ) ) ( VBG growing ) ( NN openness ) ) ( VP ( MD may ) ( ADVP ( RB even ) ) ( VP ( VB allow ) ( S ( NP-SBJ ( DT the ) ( JJ state-controlled ) ( NN news ) ( NNS media ) ) ( VP ( TO to ) ( VP ( VB display ) ( NP ( NP ( DT a ) ( JJ muted ) ( NN sense ) ) ( PP ( IN of ) ( NP ( NN humor ) ) ) ) ) ) ) ) ) )

Meanwhile East Germany 's growing openness may even allow the state-controlled news media to display a muted sense of humor


( S ( NP-SBJ ( NN Television ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ( VP ( VBD carried ) ( NP ( NP ( DT a ) ( JJ new ) ( NN report ) ) ( PP ( IN on ) ( NP ( NP ( NP ( NNP East ) ( NNP Berlin ) ( POS 's ) ) ( JJ main ) ( NN wallpaper ) ( NN factory ) ) ( CC and ) ( NP ( DT the ) ( NN need ) ( S ( VP ( TO to ) ( VP ( VB boost ) ( NP ( NN production ) ) ) ) ) ) ) ) ) ) )

Television last week carried a new report on East Berlin 's main wallpaper factory and the need to boost production


( S ( NP-SBJ ( NNS East ) ( NNS Germans ) ) ( VP ( VBP remember ) ( NP ( NP ( DT a ) ( NN comment ) ) ( ADVP-TMP ( NP ( DT a ) ( JJ few ) ( NNS years ) ) ( RB ago ) ) ( PP ( IN by ) ( NP ( NP ( NNP Kurt ) ( NNP Hager ) ) ( NP ( NP ( DT the ) ( NN government ) ( POS 's ) ) ( NN top ) ( NN ideologist ) ) ) ) ( SBAR ( IN that ) ( S ( SBAR-PRP ( ADVP ( RB just ) ) ( IN because ) ( S ( NP-SBJ ( DT a ) ( NN neighbor ) ) ( VP ( VBZ hangs ) ( NP ( JJ new ) ( NN wallpaper ) ) ) ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT no ) ( NN reason ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB change ) ( NP ( PRP$ your ) ( JJ own ) ) ) ) ) ) ) ) ) ) ) ) )

East Germans remember a comment a few years ago by Kurt Hager the government 's top ideologist that just because a neighbor hangs new wallpaper there 's no reason to change your own


( S ( NP-SBJ ( PRP$ His ) ( NN point ) ) ( VP ( VBD was ) ( SBAR-PRD ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT no ) ( NN reason ) ) ( SBAR ( IN for ) ( S ( NP-SBJ ( NNP East ) ( NNP Germany ) ) ( VP ( TO to ) ( VP ( VB copy ) ( NP ( JJ Soviet-style ) ( NNS changes ) ) ) ) ) ) ) ) ) ) ) )

His point was there is no reason for East Germany to copy Soviet-style changes


( S-4 ( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ hard ) ) ( S-2 ( VP ( TO to ) ( VP ( VB know ) ( SBAR ( IN whether ) ( S ( NP-SBJ-3 ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBN intended ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ funny ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( PRN ( SINV ( VP ( VBZ says ) ) ( NP-SBJ ( DT the ) ( NNP East ) ( NNP Berlin ) ( NN shopkeeper ) ) ) ) ( CC But ) ( S ( NP-SBJ ( NP ( NN everyone ) ) ( SBAR ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP know ) ) ) ) ) ( VP ( VBD laughed ) ( PP-CLR ( IN about ) ( NP ( PRP it ) ) ) ) ) )

It 's hard to know whether it was intended to be funny says the East Berlin shopkeeper But everyone I know laughed about it


( S ( NP-SBJ ( NNP WEIRTON ) ( NNP STEEL ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD completed ) ( NP ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 300 ) ( CD million ) ) ) ( NN sale ) ) ( PP ( IN of ) ( NP ( JJ 10-year ) ( NNS notes ) ) ) ) ( NP ( NP ( DT the ) ( JJ final ) ( NN step ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( CD 1984 ) ( NN buy-out ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN company ) ) ) ( PP ( IN from ) ( NP ( NNP National ) ( NNP Steel ) ( NNP Corp ) ) ) ) ) ) ) ) ) ) ) )

WEIRTON STEEL Corp. said it completed a 300 million sale of 10-year notes the final step in the 1984 buy-out of the company from National Steel Corp


( S ( S-TPC-3 ( NP-SBJ-1 ( DT The ) ( ADJP ( QP ( CD 10 ) ( CD 7\/8 ) ) ( NN % ) ) ( NNS notes ) ) ( VP ( VBD were ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( CD 99.5 ) ( NN % ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 10.958 ) ( NN % ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT an ) ( NN offering ) ) ( VP ( VBD managed ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Bear ) ( NNP Stearns ) ( CC & ) ( NNP Co. ) ) ( NP ( NNP Shearson ) ( NNP Lehman ) ( NNP Hutton ) ( NNP Inc. ) ) ( CC and ) ( NP ( NNP Lazard ) ( NNP Freres ) ( CC & ) ( NNP Co. ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ) )

The 10 7\/8 % notes were priced at 99.5 % to yield 10.958 % in an offering managed by Bear Stearns & Co. Shearson Lehman Hutton Inc. and Lazard Freres & Co. the company said


( S ( NP-SBJ ( NP ( NNP Weirton ) ) ( PP ( IN of ) ( NP ( NP ( NNP Weirton ) ) ( NP ( NNP W. ) ( NNP Va. ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( QP ( CD 60.3 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS proceeds ) ) ) ) ( VP ( VBD were ) ( VP ( VBN used ) ( S-CLR ( VP ( TO to ) ( VP ( VB prepay ) ( NP ( NP ( DT the ) ( JJ remaining ) ( NNS amounts ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN note ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ( PP-DTV ( TO to ) ( NP ( NP ( NNP National ) ( NNP Intergroup ) ( NNP Inc. ) ) ( NP ( NP ( DT the ) ( NN parent ) ) ( PP ( IN of ) ( NP ( NNP National ) ( NNP Steel ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Weirton of Weirton W. Va. said 60.3 million of the proceeds were used to prepay the remaining amounts on the note outstanding to National Intergroup Inc. the parent of National Steel


( S ( NP-SBJ-1 ( JJ Remaining ) ( NNS proceeds ) ) ( VP ( VBD were ) ( VP ( VBN used ) ( S-CLR ( VP ( VP ( TO to ) ( VP ( VB pay ) ( NP ( JJ other ) ( NN debt ) ) ) ) ( CC and ) ( VP ( TO to ) ( VP ( VB finance ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN capital ) ( NN spending ) ( NN program ) ) ) ) ) ) ) ) )

Remaining proceeds were used to pay other debt and to finance the company 's capital spending program


( S-HLN ( PP-PRP ( IN For ) ( NP ( JJ Cheap ) ( NN Air ) ( NNS Fares ) ) ) ( VP ( VB Spend ) ( NP ( NNP Christmas ) ) ( S-CLR ( ADVP-PRD ( JJ Aloft ) ) ) ) )

For Cheap Air Fares Spend Christmas Aloft


( S ( NP-SBJ ( NP ( PRP IT ) ) ) ( VP ( VBZ IS ) ( RB N'T ) ( ADJP-PRD ( JJ TRUE ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ-2 ( NP ( DT a ) ( ADJP ( JJ 90-year ) ( JJ old ) ) ( NN clergyman ) ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( NN mission ) ) ( PP ( IN of ) ( NP ( NN mercy ) ) ) ( PP ( TO to ) ( NP ( DT a ) ( NN disaster ) ( NN area ) ) ) ( PP-TMP ( IN on ) ( NP ( NNP Christmas ) ( NNP Day ) ) ) ) ) ) ( VP ( MD can ) ( VP ( VB fly ) ( S-CLR ( ADJP-PRD ( JJ free ) ) ) ) ) ) ) ) )

IT IS N'T TRUE that a 90-year old clergyman on a mission of mercy to a disaster area on Christmas Day can fly free


( S ( CC But ) ( NP-SBJ ( PRP$ his ) ( NNS circumstances ) ) ( VP ( VBP are ) ( PP-LOC-PRD ( IN among ) ( NP ( NP ( DT the ) ( JJ few ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD can ) ( VP ( VB qualify ) ( PP-CLR ( IN for ) ( NP ( NP ( DT the ) ( NN handful ) ) ( PP ( IN of ) ( NP ( NP ( ADJP ( RB really ) ( JJ cheap ) ) ( NN airline ) ( NNS tickets ) ) ( VP ( VBG remaining ) ( PP-LOC-CLR ( IN in ) ( NP ( NNP America ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But his circumstances are among the few that can qualify for the handful of really cheap airline tickets remaining in America


( S ( PP-TMP ( IN In ) ( NP ( JJ recent ) ( NNS years ) ) ) ( NP-SBJ ( NNS carriers ) ) ( VP ( VBP have ) ( VP ( VBN become ) ( ADJP-PRD ( ADVP ( RB much ) ( RBR more ) ) ( JJ picky ) ( PP ( IN about ) ( SBAR-NOM ( WHNP-1 ( WP who ) ) ( S ( VP ( MD can ) ( VP ( VB fly ) ( PP ( IN on ) ( NP ( DT the ) ( NN cheap ) ) ) ) ) ) ) ) ) ) ) )

In recent years carriers have become much more picky about who can fly on the cheap


( S ( CC But ) ( NP-SBJ ( EX there ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( DT a ) ( JJ few ) ( NNS ways ) ) ( SBAR ( S ( NP-SBJ ( NP ( NN today ) ( POS 's ) ) ( NN traveler ) ) ( VP ( MD can ) ( VP ( VB qualify ) ( PP-LOC ( IN under ) ( NP ( NP ( DT the ) ( NN airline ) ( POS 's ) ) ( JJ many ) ( NNS restrictions ) ) ) ) ) ) ) ) ) )

But there still are a few ways today 's traveler can qualify under the airline 's many restrictions


( S ( NP-SBJ ( NP ( CD One ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJS best ) ( NNS deals ) ) ) ) ( ADVP ( RB though ) ) ( VP ( MD may ) ( VP ( VB mean ) ( S ( VP ( VBG skipping ) ( NP ( NP ( NNP Christmas ) ( NN dinner ) ) ( PP ( IN with ) ( NP ( DT the ) ( NNS relatives ) ) ) ) ) ) ) ) )

One of the best deals though may mean skipping Christmas dinner with the relatives


( S ( NP-TMP ( DT This ) ( NN week ) ) ( NP-SBJ ( JJ many ) ( NNS carriers ) ) ( VP ( VBP are ) ( VP ( VBG announcing ) ( NP ( NP ( JJ cut-rate ) ( NNS fares ) ) ( VP ( VBN designed ) ( S-CLR ( VP ( TO to ) ( VP ( VB get ) ( S ( NP-SBJ ( NNS people ) ) ( VP ( TO to ) ( VP ( VB fly ) ( PP-TMP ( IN on ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( ADJP ( ADJP ( RBS most ) ( JJ hallowed ) ) ( CC and ) ( ADJP ( JJS slowest ) ) ) ( NNS days ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN year ) ) ) ( PP ( VBG including ) ( NP ( NNP Christmas ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

This week many carriers are announcing cut-rate fares designed to get people to fly on some of the most hallowed and slowest days of the year including Christmas


( S ( PP-TMP ( IN In ) ( NP ( JJ recent ) ( NNS years ) ) ) ( NP-SBJ-1 ( DT the ) ( NNS airlines ) ) ( VP ( VBD had ) ( VP ( VBN waited ) ( PP-TMP ( IN until ) ( NP ( DT the ) ( JJ last ) ( NN moment ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB court ) ( NP ( NNP Christmas ) ( NN season ) ( NNS vacationers ) ) ( PP ( IN with ) ( NP ( NN bargain ) ( NNS fares ) ) ) ) ) ) ) ) )

In recent years the airlines had waited until the last moment to court Christmas season vacationers with bargain fares


( S ( S ( NP-SBJ ( DT That ) ( NN approach ) ) ( VP ( VBD flopped ) ) ) ( S ( NP-TMP ( JJ Last ) ( NNP Christmas ) ( NNP Day ) ) ( NP-SBJ ( DT a ) ( NNP USAir ) ( NNP Group ) ( NNP Inc. ) ( NNP DC-9 ) ( NN jetliner ) ) ( VP ( VBD flew ) ( NP ( QP ( RB about ) ( CD seven ) ) ( NNS passengers ) ) ( PP-DIR ( IN from ) ( NP ( NNP Chicago ) ) ) ( PP-DIR ( TO to ) ( NP ( NNP Pittsburgh ) ) ) ) ) )

That approach flopped Last Christmas Day a USAir Group Inc. DC-9 jetliner flew about seven passengers from Chicago to Pittsburgh


( S ( RB So ) ( NP-TMP ( DT this ) ( NN year ) ) ( NP-SBJ ( DT the ) ( NNS airlines ) ) ( VP ( VBP are ) ( VP ( VBG getting ) ( NP ( NP ( DT a ) ( NN jump ) ) ( PP ( IN on ) ( NP ( NN holiday ) ( NNS discounts ) ) ) ) ) ) )

So this year the airlines are getting a jump on holiday discounts


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBP are ) ( VP ( VBG cutting ) ( NP ( NN ticket ) ( NNS prices ) ) ( PP-EXT ( IN by ) ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 70 ) ) ( NN % ) ) ) ( PP-CLR ( IN from ) ( NP ( JJ normal ) ( NNS levels ) ) ) ( PP ( IN for ) ( NP ( NP ( NN travel ) ) ( PP ( TO to ) ( NP ( JJS most ) ( NNP U.S. ) ( NNS locations ) ) ) ( PP-TMP ( IN on ) ( NP ( NP ( NNP Dec. ) ( CD 24 ) ( CD 25 ) ( CD 29 ) ( CD 30 ) ( CC and ) ( CD 31 ) ) ( CC and ) ( NP ( NNP Jan. ) ( CD 4 ) ( CD 5 ) ( CC and ) ( CD 6 ) ) ) ) ) ) ) ) )

They are cutting ticket prices by as much as 70 % from normal levels for travel to most U.S. locations on Dec. 24 25 29 30 and 31 and Jan. 4 5 and 6


( S ( NP-SBJ ( NP ( DT The ) ( NNS promotions ) ) ( VP ( VBD dubbed ) ( S ( NP-PRD ( NP ( NN everything ) ) ( PP ( PP ( IN from ) ( S ( NP-SBJ ( PRP 'T- ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NN Season ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ Jolly ) ) ) ) ) ) ) ) ) ) ( PP ( TO to ) ( NP ( NNP Kringle ) ( NNS fares ) ) ) ) ) ) ) ) ( VP ( VBP put ) ( NP ( JJ round-trip ) ( NNS fares ) ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 98 ) ) ( NP ( CD 148 ) ) ( CC and ) ( NP ( CD 198 ) ) ) ) ) )

The promotions dubbed everything from 'T- is the Season to be Jolly to Kringle fares put round-trip fares at 98 148 and 198


( SINV ( S-TPC ( NP-SBJ-1 ( PRP They ) ) ( VP ( VBP 're ) ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB keep ) ( S ( NP-SBJ ( NNS planes ) ) ( VP ( VBG flying ) ( PP-TMP ( IN on ) ( NP ( NP ( NNS days ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD 'd ) ( ADVP ( RB normally ) ) ( VP ( VB park ) ( NP ( PRP them ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Roger ) ( NNP Bard ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Mr. ) ( NNP Mitchell ) ( NNP Travel ) ( NNP Service ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Burnsville ) ) ( NP ( NNP N.C ) ) ) ) ) ) ) ) )

They 're trying to keep planes flying on days they 'd normally park them says Roger Bard president of Mr. Mitchell Travel Service in Burnsville N.C


( S ( VP ( VB Expect ) ( PP ( IN of ) ( NP ( NN course ) ) ) ( NP ( NP ( JJ sky-high ) ( NNS prices ) ) ( PP-TMP ( IN on ) ( NP ( NP ( JJ other ) ( NNS dates ) ) ( PP-TMP ( IN near ) ( NP ( DT the ) ( NNS holidays ) ) ) ( SBAR ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( DT the ) ( NNS airlines ) ) ( VP ( VBP know ) ( SBAR ( S ( NP-SBJ-1 ( NNS vacationers ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ eager ) ( S ( VP ( TO to ) ( VP ( VB travel ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Expect of course sky-high prices on other dates near the holidays when the airlines know vacationers are eager to travel


( S-HLN ( VP ( VB Consider ) ( S ( VP ( VBG Adopting ) ( NP ( NP ( PRP$ Your ) ( NN Spouse ) ( POS 's ) ) ( NN Name ) ) ) ) ) )

Consider Adopting Your Spouse 's Name


( S ( SBAR-ADV ( IN IF ) ( S ( NP-SBJ ( NNP CONTINENTAL ) ( NNP Airlines ) ) ( VP ( VBZ has ) ( NP ( PRP$ its ) ( NN way ) ) ) ) ) ( NP-SBJ ( NP ( NNS couples ) ) ( PP ( IN like ) ( NP ( NP ( NNP Marlo ) ( NNP Thomas ) ) ( CC and ) ( NP ( NNP Phil ) ( NNP Donahue ) ) ) ) ) ( VP ( MD may ) ( VP ( VB find ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( NP-PRD ( DT a ) ( NN hassle ) ) ( S-1 ( VP ( TO to ) ( VP ( VB qualify ) ( PP-CLR ( IN for ) ( NP ( DT some ) ( JJ new ) ( NNS discounts ) ) ) ) ) ) ) ) ) )

IF CONTINENTAL Airlines has its way couples like Marlo Thomas and Phil Donahue may find it a hassle to qualify for some new discounts


( S ( NP-SBJ ( NP ( NNP Continental ) ) ( NP ( DT a ) ( NNP Texas ) ( NNP Air ) ( NNP Corp. ) ( NN unit ) ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD unveiled ) ( NP ( NP ( DT a ) ( VBG marketing ) ( NN program ) ) ( VP ( VBG offering ) ( NP ( JJ free ) ( NN companion ) ( NNS tickets ) ) ( PP-CLR ( TO to ) ( NP ( NP ( ADJP ( JJ business-class ) ( CC and ) ( JJ first-class ) ) ( NNS passengers ) ) ( PP-LOC ( IN on ) ( NP ( JJ international ) ( NNS flights ) ) ) ) ) ) ) ) )

Continental a Texas Air Corp. unit recently unveiled a marketing program offering free companion tickets to business-class and first-class passengers on international flights


( NP ( NP ( DT The ) ( NNP Continental ) ( NN catch ) ) ( S ( S ( NP-SBJ-1 ( RB Only ) ( JJ immediate ) ( NN family ) ( NNS members ) ) ( VP ( VBP are ) ( VP ( VBN allowed ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD must ) ( VP ( VB have ) ( NP ( NP ( NP ( DT the ) ( JJ same ) ( JJ last ) ( NN name ) ) ( PP ( IN as ) ( NP ( NP ( DT the ) ( NN buyer ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN ticket ) ) ) ) ) ) ( CC or ) ( NP ( JJ legal ) ( NN proof ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP 're ) ( ADJP-PRD ( VBN related ) ) ) ) ) ) ) ) ) ) ) )

The Continental catch Only immediate family members are allowed and they must have the same last name as the buyer of the ticket or legal proof they 're related


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ irritates ) ( NP ( NP ( JJ many ) ( NNS women ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP have ) ( RB n't ) ( VP ( VBN taken ) ( NP ( NP ( PRP$ their ) ( NNS husbands ) ( POS ' ) ) ( JJ last ) ( NN name ) ) ) ) ) ) ) ) )

That irritates many women who have n't taken their husbands ' last name


( SINV ( FRAG-TPC-1 ( SBAR ( WHNP ( WP What ) ) ( FRAG ( NP ( NP ( DT a ) ( NN bunch ) ) ( PP ( IN of ) ( NP ( NN nonsense ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Jessica ) ( NNP Crosby ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NN chapter ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP National ) ( NNP Association ) ) ( PP ( IN of ) ( NP ( NNP Women ) ( NNP Business ) ( NNP Owners ) ) ) ) ) ) ) ) ) )

What a bunch of nonsense says Jessica Crosby president of the New York chapter of the National Association of Women Business Owners


( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ sets ) ( NP ( NNS things ) ) ( ADVP-CLR ( RB way ) ( RB back ) ) ) )

This sets things way back


( NP ( NP ( NP ( NNP Continental ) ( POS 's ) ) ( NN logic ) ) ( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB want ) ( S ( NP-SBJ-2 ( NN business ) ( NNS companions ) ) ( VP ( VBG abusing ) ( NP ( DT the ) ( NN promotion ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( ADVP-MNR ( RB falsely ) ) ( VBG claiming ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( VBN related ) ) ) ) ) ) ) ) ) ) ) ) ) )

Continental 's logic It does n't want business companions abusing the promotion by falsely claiming to be related


( SINV ( S-TPC-2 ( NP-SBJ-1 ( PRP We ) ) ( VP ( VBP accommodate ) ( NP ( NP ( PRP$ their ) ( NN choice ) ) ( PP ( IN of ) ( NP ( NNS names ) ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG allowing ) ( S ( NP-SBJ ( PRP them ) ) ( VP ( TO to ) ( VP ( VB demonstrate ) ( NP ( NN family ) ( NN affiliation ) ) ( PP ( IN with ) ( NP ( JJ legal ) ( NNS documents ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Jim ) ( NNP O'Donnell ) ) ( NP ( DT a ) ( JJ senior ) ( NN vice ) ( NN president ) ) ) )

We accommodate their choice of names by allowing them to demonstrate family affiliation with legal documents says Jim O'Donnell a senior vice president


( S ( CC But ) ( NP-SBJ ( JJ gay ) ( NNS rights ) ( NNS advocates ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ angry ) ) ( ADVP ( RB too ) ) ) )

But gay rights advocates are angry too


( S ( NP-SBJ ( NP ( DT The ) ( NNP Lambda ) ( NNP Legal ) ( NNP Defense ) ( CC and ) ( NNP Education ) ( NNP Fund ) ) ( PP ( IN of ) ( NP ( NNP New ) ( NNP York ) ( NNP City ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN received ) ( NP ( NNS complaints ) ) ( PP-DIR ( IN from ) ( NP ( NP ( JJ homosexual ) ( NNS couples ) ) ( SBAR ( WHNP-1 ( WP whom ) ) ( S ( NP-SBJ ( DT the ) ( NN airline ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB recognize ) ( PP-CLR ( IN as ) ( NP ( NN family ) ) ) ) ) ) ) ) ) ) ) )

The Lambda Legal Defense and Education Fund of New York City has received complaints from homosexual couples whom the airline does n't recognize as family


( SINV ( S-TPC ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( ADVP ( RB certainly ) ) ( NP-PRD ( NN discrimination ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NN attorney ) ( NNP Evan ) ( NNP Wolfson ) ) ( SBAR ( WHNP-1 ( WP$ whose ) ( NN group ) ) ( S ( VP ( VBD forced ) ( NP-SBJ-3 ( NNP Trans ) ( NNP World ) ( NNP Airlines ) ) ( NP-TMP ( DT this ) ( NN year ) ) ( S ( VP ( TO to ) ( VP ( VB change ) ( NP ( NP ( DT a ) ( NN rule ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD allowed ) ( S ( NP-SBJ ( NNS travelers ) ) ( VP ( TO to ) ( VP ( VB transfer ) ( NP ( JJ frequent ) ( NN flier ) ( NNS awards ) ) ( PP-DIR ( ADVP ( RB only ) ) ( TO to ) ( NP ( NN family ) ( NNS members ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

It 's certainly discrimination says attorney Evan Wolfson whose group forced Trans World Airlines this year to change a rule that allowed travelers to transfer frequent flier awards only to family members


( S-HLN ( VP ( VB Take ) ( NP ( PRP$ Your ) ( NN Vacation ) ) ( PP-LOC ( IN In ) ( NP ( DT a ) ( NN Hurricane ) ( NN Area ) ) ) ) )

Take Your Vacation In a Hurricane Area


( S ( SBAR-TMP ( WHADVP-1 ( WRB WHEN ) ) ( S ( NP-SBJ ( NNP HURRICANE ) ( NNP Hugo ) ) ( VP ( VBD careened ) ( PP-DIR ( IN through ) ( NP ( NP ( DT the ) ( NNP Caribbean ) ) ( CC and ) ( NP ( DT the ) ( NNP Atlantic ) ( NN coast ) ( NNS states ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VP ( VBD downed ) ( NP ( UCP ( JJ electric ) ( CC and ) ( NN telephone ) ) ( NNS lines ) ) ) ( VP ( VBD shot ) ( NP ( NNS coconuts ) ) ( PP-DIR ( IN through ) ( NP ( NN cottage ) ( NNS rooftops ) ) ) ) ( VP ( VBD shattered ) ( NP ( NNS windows ) ) ) ( CC and ) ( VP ( VBD uprooted ) ( NP ( NP ( NNS thousands ) ) ( PP ( IN of ) ( NP ( NNS lives ) ) ) ) ) ) )

WHEN HURRICANE Hugo careened through the Caribbean and the Atlantic coast states it downed electric and telephone lines shot coconuts through cottage rooftops shattered windows and uprooted thousands of lives


( S ( NP-SBJ ( PRP It ) ) ( ADVP ( RB also ) ) ( VP ( VBD lowered ) ( NP ( DT some ) ( NN air ) ( NNS fares ) ) ) )

It also lowered some air fares


( S ( PP-TMP ( IN Since ) ( NP ( DT the ) ( NN hurricane ) ) ) ( NP-SBJ ( NP ( NNP Midway ) ( NNP Airlines ) ( NNP Inc. ) ) ( CC and ) ( NP ( NP ( NNP American ) ( NNP Airlines ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP AMR ) ( NNP Corp. ) ) ) ) ) ) ( VP ( VBD trimmed ) ( NP ( NP ( PRP$ their ) ( JJ one-way ) ( NNS fares ) ) ( PP ( TO to ) ( NP ( DT the ) ( NNP Virgin ) ( NNP Islands ) ) ) ) ( PP-CLR ( TO to ) ( NP ( CD 109 ) ) ) ( PP-CLR ( IN from ) ( NP ( NP ( NNS prices ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD were ) ( PP-TMP ( IN at ) ( NP ( NNS times ) ) ) ( NP-PRD ( RB double ) ( DT that ) ) ( PP-TMP ( IN before ) ( NP ( DT the ) ( NN storm ) ) ) ) ) ) ) ) ) )

Since the hurricane Midway Airlines Inc. and American Airlines a unit of AMR Corp. trimmed their one-way fares to the Virgin Islands to 109 from prices that were at times double that before the storm


( S ( NP-SBJ-1 ( DT The ) ( NNS fares ) ) ( VP ( VBP are ) ( VP ( NNP code-named ) ( S ( NP-PRD ( NP ( NNP Hugo ) ) ( NP ( NNP Compassion ) ) ( CC and ) ( NP ( NNP Virgin ) ( NNP Islands ) ( NNP Aid ) ) ) ) ) ) )

The fares are code-named Hugo Compassion and Virgin Islands Aid


( S ( S ( NP-SBJ ( NNS Airlines ) ) ( VP ( VBP are ) ( RB n't ) ( VP ( VBG lowering ) ( NP ( NP ( NNS fares ) ) ( PP ( TO to ) ( NP ( NNP Northern ) ( NNP California ) ) ) ) ( PP-TMP ( VBG following ) ( NP ( NP ( DT this ) ( NN week ) ( POS 's ) ) ( NN earthquake ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NN reservation ) ( NNS agents ) ) ( VP ( MD can ) ( VP ( VB waive ) ( NP ( NP ( JJ advance-purchase ) ( NNS restrictions ) ) ( PP-LOC ( IN on ) ( NP ( NN discount ) ( NNS fares ) ) ) ) ( PP-PRP ( IN for ) ( NP ( NN emergency ) ( NNS trips ) ) ) ) ) ) )

Airlines are n't lowering fares to Northern California following this week 's earthquake but reservation agents can waive advance-purchase restrictions on discount fares for emergency trips


( S ( NP-SBJ ( NP ( DT Some ) ( NNS hotels ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ hurricane-stricken ) ( NNP Caribbean ) ) ) ) ( VP ( VBP promise ) ( NP ( JJ money-back ) ( NNS guarantees ) ) ) )

Some hotels in the hurricane-stricken Caribbean promise money-back guarantees


( S ( PP-LOC ( IN In ) ( NP ( NP ( NNP Myrtle ) ( NNP Beach ) ) ( NP ( NNP S.C. ) ) ) ) ( NP-SBJ ( DT the ) ( VBN damaged ) ( NNP Yachtsman ) ( NNP Resort ) ) ( VP ( VBZ offers ) ( NP ( NP ( JJ daily ) ( NNS rates ) ) ( UCP ( ADJP ( ADJP ( RB as ) ( JJ low ) ) ( PP ( IN as ) ( NP ( CD 35 ) ) ) ) ( CC or ) ( PP-LOC ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 22 ) ) ( NN % ) ) ( IN below ) ( NP ( JJ regular ) ( NNS prices ) ) ) ) ) ) )

In Myrtle Beach S.C. the damaged Yachtsman Resort offers daily rates as low as 35 or as much as 22 % below regular prices


( SINV ( VP ( VBZ Says ) ) ( NP-SBJ ( NP ( NNP Michele ) ( NNP Hoffman ) ) ( NP ( NP ( DT a ) ( NN clerk ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN resort ) ( POS 's ) ) ( JJ front ) ( NN office ) ) ) ) ) ( S-1 ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB have ) ( NP ( NP ( DT the ) ( JJ outdoor ) ( NN pool ) ) ( NP ( DT the ) ( NX ( NX ( NN pool ) ( NN table ) ) ( NX ( NN ping ) ( NN pong ) ( NN table ) ) ( NX ( NN snack ) ( NN bar ) ) ( CC or ) ( NX ( NNP VCR ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP we ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBP have ) ( NP ( DT the ) ( NX ( NX ( JJ indoor ) ( NN pool ) ) ( CC and ) ( NX ( NN Jacuzzi ) ) ) ) ) ) ) )

Says Michele Hoffman a clerk in the resort 's front office We do n't have the outdoor pool the pool table ping pong table snack bar or VCR but we still have the indoor pool and Jacuzzi


( S ( ADVP ( RB Just ) ) ( VP ( VB Wait ) ( SBAR-TMP ( IN Until ) ( S ( NP-SBJ ( PRP You ) ) ( VP ( VBP 're ) ( ADJP-PRD ( NP ( DT a ) ( NN Bit ) ) ( JJR Older ) ) ) ) ) ) )

Just Wait Until You 're a Bit Older


( S ( NP-SBJ ( JJ SENIOR ) ( NNS CITIZENS ) ) ( VP ( VBP have ) ( ADVP-TMP ( RB long ) ) ( VP ( VBN received ) ( NP ( JJ cheap ) ( NN air ) ( NNS fares ) ) ) ) )

SENIOR CITIZENS have long received cheap air fares


( FRAG ( NP-TMP ( DT This ) ( NN year ) ) ( SBAR-ADV ( X ( DT the ) ( JJR older ) ) ( S ( NP-SBJ ( NN someone ) ) ( VP ( VBZ is ) ) ) ) ( X ( DT the ) ( JJR bigger ) ) ( NP ( DT the ) ( NN discount ) ) )

This year the older someone is the bigger the discount


( S ( NP-SBJ ( NP ( DT A ) ( JJ senior ) ( NN citizen ) ) ( PP ( IN between ) ( NP ( CD 62 ) ( CC and ) ( CD 70 ) ) ) ) ( VP ( VBZ saves ) ( NP ( NP ( CD 70 ) ( NN % ) ) ( PP ( IN off ) ( NP ( JJ regular ) ( NN coach ) ( NN fare ) ) ) ) ) )

A senior citizen between 62 and 70 saves 70 % off regular coach fare


( S ( NP-SBJ ( NP ( NNS Travelers ) ) ( PP ( IN up ) ( PP ( TO to ) ( NP ( NN age ) ( CD 99 ) ) ) ) ) ( VP ( VBP get ) ( NP ( NP ( DT a ) ( NN percentage ) ( NN discount ) ) ( VP ( VBG matching ) ( NP ( PRP$ their ) ( NN age ) ) ) ) ) )

Travelers up to age 99 get a percentage discount matching their age


( S ( CC And ) ( NP-SBJ ( NNS centenarians ) ) ( VP ( VBP fly ) ( ADVP-CLR ( JJ free ) ) ( PP-LOC ( IN in ) ( NP ( JJ first ) ( NN class ) ) ) ) )

And centenarians fly free in first class


( S ( NP-TMP ( JJ Next ) ( NN month ) ) ( PRN ( S ( NP-SBJ ( NNP Northwest ) ( NNP Airlines ) ) ( VP ( VBZ says ) ) ) ) ( NP-SBJ-1 ( DT a ) ( JJ 108-year-old ) ( NAC-LOC ( NNP Lansing ) ( NNP Mich. ) ) ( NN woman ) ) ( VP ( VBZ is ) ( VP ( VBG taking ) ( NP ( PRP it ) ) ( PRT ( RP up ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN offer ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB fly ) ( PP ( IN with ) ( NP ( PRP$ her ) ( JJ 72-year-old ) ( NN son ) ) ) ( PP-DIR ( TO to ) ( NP ( NP ( NNP Tampa ) ) ( NP ( NNP Fla ) ) ) ) ) ) ) ) ) )

Next month Northwest Airlines says a 108-year-old Lansing Mich. woman is taking it up on the offer to fly with her 72-year-old son to Tampa Fla


( S ( NP-TMP ( JJ Last ) ( NN year ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NNP Northwest ) ) ( ADVP-TMP ( RB first ) ) ( VP ( VBD offered ) ( NP ( DT the ) ( NN promotion ) ) ) ) ) ( NP-SBJ ( RB only ) ( CD six ) ( NNS centenarians ) ) ( VP ( VBD flew ) ( ADVP-CLR ( JJ free ) ) ) )

Last year when Northwest first offered the promotion only six centenarians flew free


( S-HLN ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( DT All ) ( RB Else ) ) ( VP ( VBZ Fails ) ) ) ) )

If All Else Fails


( S ( NP-SBJ ( DT THE ) ( NN NATION'S ) ( NNS carriers ) ) ( ADVP ( RB also ) ) ( VP ( VBP provide ) ( NP ( NNS discounts ) ) ( PP-DTV ( TO to ) ( NP ( NP ( NNP Red ) ( NNP Cross ) ( NNS workers ) ) ( NP ( VBN retired ) ( JJ military ) ( NNS personnel ) ) ( CC and ) ( NP ( JJ medical ) ( NNS students ) ) ) ) ) )

THE NATION'S carriers also provide discounts to Red Cross workers retired military personnel and medical students


( S ( NP-SBJ ( EX There ) ) ( VP ( VBZ 's ) ( ADVP ( RB even ) ) ( NP-PRD ( NP ( DT a ) ( JJ special ) ( NN fare ) ) ( PP ( IN for ) ( NP ( NNS clergy ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ does ) ( RB n't ) ( VP ( VB require ) ( NP ( NP ( DT the ) ( JJ usual ) ( NN stay ) ) ( PP-TMP ( IN over ) ( NP ( NNP Saturday ) ( NN night ) ) ) ) ) ) ) ) ) ) )

There 's even a special fare for clergy that does n't require the usual stay over Saturday night


( S ( NP-MNR ( DT That ) ( NN way ) ) ( NP-SBJ ( PRP they ) ) ( VP ( MD can ) ( VP ( VB be ) ( NP-LOC-PRD ( NN home ) ) ( PP-TMP ( IN in ) ( NP ( NP ( NN time ) ) ( PP-PRP ( IN for ) ( NP ( NP ( NN work ) ) ( NP-TMP ( NNP Sunday ) ) ) ) ) ) ) ) )

That way they can be home in time for work Sunday


( S ( NP-SBJ ( NNP East ) ( NNP Rock ) ( NNP Partners ) ( NNP Limited ) ( NNP Partnership ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD proposed ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NNP A.P. ) ( NNP Green ) ( NNP Industries ) ( NNP Inc. ) ) ( PP-CLR ( IN for ) ( NP ( NP ( CD 40 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) ) ) )

East Rock Partners Limited Partnership said it proposed to acquire A.P. Green Industries Inc. for 40 a share


( S ( PP-LOC ( IN In ) ( NP ( NP ( DT an ) ( NNP Oct. ) ( CD 19 ) ( NN letter ) ) ( PP ( TO to ) ( NP ( NP ( NNP A.P. ) ( NNP Green ) ( POS 's ) ) ( NN board ) ) ) ) ) ( NP-SBJ ( NNP East ) ( NNP Rock ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN offer ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ subject ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN signing ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN merger ) ( NN agreement ) ) ) ( PP-TMP ( IN by ) ( ADVP ( ADVP ( RB no ) ( RB later ) ) ( PP ( IN than ) ( NP ( NNP Oct. ) ( CD 31 ) ) ) ) ) ) ) ) ) ) ) ) )

In an Oct. 19 letter to A.P. Green 's board East Rock said the offer is subject to the signing of a merger agreement by no later than Oct. 31


( S ( NP-SBJ-1 ( DT The ) ( NN letter ) ) ( S-ADV ( VP ( VBN attached ) ( PP-CLR ( TO to ) ( NP ( NP ( DT a ) ( NN filing ) ) ( PP ( IN with ) ( NP ( DT the ) ( NNP Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN approval ) ) ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( ADJP-PRD ( JJ contingent ) ( PP ( IN upon ) ( S-NOM ( VP ( VBG obtaining ) ( NP ( JJ satisfactory ) ( NN financing ) ) ) ) ) ) ) ) ) ) )

The letter attached to a filing with the Securities and Exchange Commission said the approval is also contingent upon obtaining satisfactory financing


( S ( NP-SBJ-1 ( DT An ) ( NNP A.P. ) ( NNP Green ) ( NN official ) ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB comment ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NN filing ) ) ) ) ) ) ) )

An A.P. Green official declined to comment on the filing


( S ( NP-SBJ ( DT The ) ( ADJP ( JJ 40-a-share ) ) ( NN proposal ) ) ( VP ( VBZ values ) ( NP ( DT the ) ( NN company ) ) ( PP-CLR ( IN at ) ( NP ( QP ( RB about ) ( CD 106.6 ) ( CD million ) ) ) ) ) )

The 40-a-share proposal values the company at about 106.6 million


( S ( NP-SBJ ( NNP A.P. ) ( NNP Green ) ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBZ has ) ( NP ( NP ( CD 2,664,098 ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) )

A.P. Green currently has 2,664,098 shares outstanding


( S ( NP-SBJ ( PRP$ Its ) ( NN stock ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( CD 38 ) ) ) ( ADVP-CLR ( RB up ) ( NP ( CD 1.875 ) ) ) ( PP-LOC ( IN in ) ( NP ( JJ national ) ( JJ over-the-counter ) ( NN trading ) ) ) ) )

Its stock closed at 38 up 1.875 in national over-the-counter trading


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NAC-LOC ( NNP Mexico ) ( NNP Mo. ) ) ( NN maker ) ) ( PP ( IN of ) ( NP ( JJ refractory ) ( NNS products ) ) ) ) ) )

The company is a Mexico Mo. maker of refractory products


( S ( NP-SBJ ( NNP East ) ( NNP Rock ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN filing ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD boosted ) ( NP ( NP ( PRP$ its ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( NNP A.P. ) ( NNP Green ) ) ) ) ( PP-CLR ( TO to ) ( NP ( CD 8.7 ) ( NN % ) ) ) ) ) ) ) )

East Rock also said in the filing that it boosted its stake in A.P. Green to 8.7 %


( S ( NP-SBJ ( PRP It ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ holds ) ( NP ( NP ( CD 233,000 ) ( NNP A.P. ) ( NNP Green ) ( JJ common ) ( NNS shares ) ) ( PP ( VBG including ) ( NP ( NP ( CD 30,000 ) ( NNS shares ) ) ( VP ( VBD bought ) ( NP-TMP ( JJ last ) ( NNP Thursday ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 35.50 ) ( TO to ) ( CD 36.50 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) )

It now holds 233,000 A.P. Green common shares including 30,000 shares bought last Thursday for 35.50 to 36.50 a share


( S ( NP-SBJ ( ADJP ( NNP New ) ( JJ York-based ) ) ( NX ( NX ( NNP John ) ( NNP Kuhns ) ) ( CC and ) ( NX ( NNP Robert ) ( NNP MacDonald ) ) ) ) ( VP ( VBP control ) ( NP ( NP ( NNP East ) ( NNP Rock ) ( NNP Partners ) ( NNP Inc. ) ) ( NP ( NP ( DT the ) ( JJ sole ) ( JJ general ) ( NN partner ) ) ( PP ( IN of ) ( NP ( NNP East ) ( NNP Rock ) ( NNP Partners ) ( NNP L.P ) ) ) ) ) ) )

New York-based John Kuhns and Robert MacDonald control East Rock Partners Inc. the sole general partner of East Rock Partners L.P


( S ( NP-SBJ ( NP ( DT The ) ( JJ sole ) ( VBN limited ) ( NN partner ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN partnership ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NNP Westwood ) ( NNP Brick ) ( NNP Lime ) ( NNP Inc. ) ) ( NP ( NP ( DT an ) ( JJ indirect ) ( NN subsidiary ) ) ( PP ( IN of ) ( NP ( NNP Westwood ) ( NNP Group ) ( NNP Inc ) ) ) ) ) ) )

The sole limited partner of the partnership is Westwood Brick Lime Inc. an indirect subsidiary of Westwood Group Inc


( S ( NP-SBJ-1 ( DT Both ) ( NP ( NNP Westwood ) ( NNP Brick ) ) ( CC and ) ( NP ( NNP Westwood ) ( NNP Group ) ) ) ( VP ( VBP are ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NNP Boston ) ) ) ) ) )

Both Westwood Brick and Westwood Group are based in Boston


( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ-2 ( NNP Rune ) ( NNP Andersson ) ) ( VP ( VBD set ) ( PRT ( RP out ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB revive ) ( NP ( JJ flagging ) ( JJ Swedish ) ( NN conglomerate ) ( NNP Trelleborg ) ( NNP AB ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ early ) ( CD 1980s ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD spurned ) ( NP ( NP ( DT the ) ( NN advice ) ) ( PP ( IN of ) ( NP ( JJ trendy ) ( NN management ) ( NNS consultants ) ) ) ) ) )

When Rune Andersson set out to revive flagging Swedish conglomerate Trelleborg AB in the early 1980s he spurned the advice of trendy management consultants


( S ( S-TPC-2 ( NP-SBJ-1 ( DT All ) ( DT these ) ( NNS consultants ) ) ( VP ( VBD kept ) ( VP ( VBG coming ) ( PRT ( RP around ) ) ( S-ADV ( VP ( VBG telling ) ( NP ( PRP us ) ) ( SBAR ( S ( NP-SBJ ( PRP we ) ) ( VP ( MD should ) ( VP ( VP ( VB concentrate ) ( PP-CLR ( IN on ) ( NP ( NP ( JJ high ) ( NN technology ) ) ( NP ( NNS electronics ) ) ( CC or ) ( NP ( NN biotechnology ) ) ) ) ) ( CC and ) ( VP ( VB get ) ( ADVP-CLR ( IN out ) ( PP ( IN of ) ( NP ( JJ mature ) ( JJ basic ) ( NNS industries ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Andersson ) ) ( VP ( VBZ recalls ) ) )

All these consultants kept coming around telling us we should concentrate on high technology electronics or biotechnology and get out of mature basic industries Mr. Andersson recalls


( S ( RB Yet ) ( PP-LOC ( IN under ) ( NP ( PRP$ its ) ( JJ 45-year-old ) ( NN president ) ) ) ( NP-SBJ-1 ( NNP Trelleborg ) ) ( VP ( VBD moved ) ( ADVP-MNR ( RB aggressively ) ) ( PP-DIR ( IN into ) ( NP ( DT those ) ( JJ unfashionable ) ( NN base ) ( NNS industries ) ) ) ( S-ADV ( ADVP-TMP ( RB first ) ) ( VP ( VP ( VBG strengthening ) ( NP ( PRP$ its ) ( VBG existing ) ( NN rubber ) ( CC and ) ( NNS plastics ) ( NN division ) ) ) ( VP ( ADVP-TMP ( RB later ) ) ( VBG adding ) ( NP ( NP ( NN mining ) ) ( CONJP ( RB as ) ( RB well ) ( IN as ) ) ( NP ( NN building ) ( CC and ) ( NN construction ) ( NNS materials ) ) ) ) ) ) ) )

Yet under its 45-year-old president Trelleborg moved aggressively into those unfashionable base industries first strengthening its existing rubber and plastics division later adding mining as well as building and construction materials


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( JJ gutsy ) ( NN move ) ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( JJ little-known ) ( NN executive ) ) ( VP ( VBN fired ) ( PP-TMP ( IN after ) ( NP ( NP ( QP ( RB only ) ( CD two ) ) ( NNS months ) ) ( PP ( IN as ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( JJ previous ) ( NN company ) ) ) ) ) ) ) ) ) ) ) )

It was a gutsy move for a little-known executive fired after only two months as president of his previous company


( S ( CC But ) ( S-NOM-SBJ ( VP ( VBG going ) ( PP ( IN against ) ( NP ( DT the ) ( NN grain ) ) ) ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB never ) ) ( VP ( VBN bothered ) ( NP ( NNP Mr. ) ( NNP Andersson ) ) ) ) )

But going against the grain has never bothered Mr. Andersson


( S ( S-ADV ( VP ( VBG Stroking ) ( NP ( PRP$ his ) ( NN trademark ) ( JJ white ) ( NN goatee ) ) ( PP-TMP ( IN during ) ( NP ( DT a ) ( JJ recent ) ( NN interview ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( JJ diminutive ) ( NN Swede ) ) ( VP ( VBZ quips ) ( S ( NP-SBJ-2 ( PRP It ) ) ( VP ( VBD turned ) ( PRT ( RP out ) ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ lucky ) ) ( PP ( IN for ) ( NP ( PRP us ) ) ) ) ) ) ) ) ) )

Stroking his trademark white goatee during a recent interview the diminutive Swede quips It turned out to be lucky for us


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( DT the ) ( JJ whole ) ( NN market ) ) ( VP ( VBZ thinks ) ( SBAR ( S ( SBAR-NOM-SBJ ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP 're ) ( VP ( VBG doing ) ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ crazy ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP you ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB have ) ( NP ( JJ much ) ( NN competition ) ) ) ) )

If the whole market thinks what you 're doing is crazy you do n't have much competition


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Andersson ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ anxious ) ( S ( VP ( TO to ) ( VP ( VB strengthen ) ( NP ( NP ( NNP Trelleborg ) ( POS 's ) ) ( NN balance ) ( NN sheet ) ) ) ) ) ) ) )

Mr. Andersson is anxious to strengthen Trelleborg 's balance sheet


( S ( ADVP ( RB Characteristically ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB waste ) ( NP ( JJ much ) ( NN time ) ) ( S-CLR ( VP ( VBG getting ) ( VP ( VBD started ) ) ) ) ) ) )

Characteristically he did n't waste much time getting started


( S ( PP-TMP ( IN On ) ( NP ( NNP Tuesday ) ) ) ( NP-SBJ ( NP ( NNP Trelleborg ) ( POS 's ) ) ( NNS directors ) ) ( VP ( VBD announced ) ( NP ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB spin ) ( PRT ( RP off ) ) ( NP ( NP ( CD two ) ( JJ big ) ( NNS divisions ) ) ( NP ( NP ( NNS minerals ) ( NN processing ) ) ( CC and ) ( NP ( NN building ) ( CC and ) ( NN distribution ) ) ) ) ( PP-CLR ( RB as ) ( NP ( NP ( ADJP ( RB separately ) ( VBN quoted ) ) ( NNS companies ) ) ( PP-LOC ( IN on ) ( NP ( NP ( NNP Stockholm ) ( POS 's ) ) ( NNP Stock ) ( NNP Exchange ) ) ) ) ) ) ) ) ) ) )

On Tuesday Trelleborg 's directors announced plans to spin off two big divisions minerals processing and building and distribution as separately quoted companies on Stockholm 's Stock Exchange


( S ( S-TPC-3 ( PP-LOC ( IN At ) ( NP ( JJ current ) ( NN market ) ( NNS prices ) ) ) ( NP-SBJ ( NP ( DT the ) ( JJ twin ) ( JJ public ) ( NNS offerings ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN completed ) ( NP-TMP ( JJ next ) ( NN year ) ) ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB add ) ( NP ( NP ( DT an ) ( VBN estimated ) ( QP ( CD 2.5 ) ( CD billion ) ) ( JJ Swedish ) ( NN kronor ) ) ( PRN ( NP ( QP ( CD 386 ) ( CD million ) ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( NNP Trelleborg ) ( POS 's ) ) ( NNS coffers ) ) ) ) ) ) ( NP-SBJ ( NNS analysts ) ) ( VP ( VBP say ) ) )

At current market prices the twin public offerings to be completed next year would add an estimated 2.5 billion Swedish kronor 386 million to Trelleborg 's coffers analysts say


( S ( NP-SBJ-1 ( DT The ) ( NN board ) ) ( VP ( VBD had ) ( ADVP ( RB also ) ) ( VP ( VBN been ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB approve ) ( NP ( NP ( DT a ) ( QP ( NNS SKr1.5 ) ( CD billion ) ) ( JJ international ) ( NN offering ) ) ( PP ( IN of ) ( NP ( JJ new ) ( NNP Trelleborg ) ( NNS shares ) ) ) ) ) ) ) ) ) ) )

The board had also been expected to approve a SKr1.5 billion international offering of new Trelleborg shares


( S ( CC But ) ( S-TPC-2 ( NP-SBJ-1 ( NP ( DT that ) ( NN share ) ( NN issue ) ) ( VP ( VBN intended ) ( S ( VP ( TO to ) ( VP ( VB make ) ( S ( NP-SBJ ( NNP Trelleborg ) ) ( ADJP-PRD ( RBR better ) ( VBN known ) ) ( PP-LOC ( IN among ) ( NP ( JJ international ) ( NNS investors ) ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN postponed ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ ( NN market ) ( NNS conditions ) ) ( VP ( VBP stabilize ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNS people ) ) ( ADJP ( JJ familiar ) ( PP ( IN with ) ( NP ( DT the ) ( NN situation ) ) ) ) ) ( VP ( VBP say ) ) )

But that share issue intended to make Trelleborg better known among international investors was postponed until market conditions stabilize people familiar with the situation say


( S ( NP-SBJ ( NP ( NNP Trelleborg ) ( POS 's ) ) ( ADJP ( RB internationally ) ( VBN traded ) ) ( NNP Bfree ) ( NN series ) ( NN stock ) ) ( VP ( VBD plunged ) ( NP-EXT ( NP ( NNS SKr29 ) ) ( PRN ( NP ( CD 4.48 ) ) ) ) ( PP-DIR ( TO to ) ( NP ( NP ( NNS SKr205 ) ) ( PRN ( NP ( CD 31.65 ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( JJ volatile ) ( NN trading ) ) ) ( NP-TMP ( NNP Monday ) ) ( PP-LOC ( IN in ) ( NP ( NNP Stockholm ) ) ) ) )

Trelleborg 's internationally traded Bfree series stock plunged SKr29 4.48 to SKr205 31.65 in volatile trading Monday in Stockholm


( S ( NP-TMP ( NNP Tuesday ) ) ( NP-SBJ-1 ( DT the ) ( NNS shares ) ) ( VP ( VBD regained ) ( NP ( NNS SKr20 ) ) ( S-ADV ( VP ( VBG closing ) ( PP-CLR ( IN at ) ( NP ( NNS SKr225 ) ) ) ) ) ) )

Tuesday the shares regained SKr20 closing at SKr225


( S ( NP-SBJ ( NNP Mr. ) ( NNP Andersson ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ confident ) ( SBAR ( IN that ) ( S ( S-NOM-SBJ ( VP ( VBG taking ) ( S ( NP-SBJ ( NP ( NNS parts ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN company ) ) ) ) ( ADJP-PRD ( NN public ) ) ) ) ) ( VP ( MD will ) ( VP ( VB help ) ( S ( VP ( VB erase ) ( NP ( NP ( DT the ) ( JJ conglomerate ) ( NN stigma ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ has ) ( VP ( VBN held ) ( PRT ( RP down ) ) ( NP ( NP ( NNP Trelleborg ) ( POS 's ) ) ( NN share ) ( NN price ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Andersson says he is confident that taking parts of the company public will help erase the conglomerate stigma that has held down Trelleborg 's share price


( S ( NP-SBJ-1 ( NNP Trelleborg ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB remain ) ( NP-PRD ( NP ( DT the ) ( JJ dominant ) ( NN shareholder ) ) ( PP ( IN with ) ( NP ( NP ( NNS stakes ) ) ( PP ( IN of ) ( NP ( NP ( RB slightly ) ( JJR less ) ) ( PP ( IN than ) ( NP ( NP ( CD 50 ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT both ) ( NNS units ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Trelleborg plans to remain the dominant shareholder with stakes of slightly less than 50 % of both units


( S ( NP-SBJ ( DT The ) ( NN spinoff ) ) ( VP ( MD should ) ( VP ( VB solve ) ( NP ( DT a ) ( NN problem ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN parent ) ) ) ) ) )

The spinoff should solve a problem for the parent


( S ( NP-SBJ ( NP ( DT A ) ( NN family ) ( NN foundation ) ) ( VP ( VBN set ) ( PRT ( RP up ) ) ( PP ( IN by ) ( NP-LGS ( JJ late ) ( NN founder ) ( NNP Henry ) ( NNP Dunker ) ) ) ) ) ( VP ( VBZ controls ) ( NP ( NP ( CD 59 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Trelleborg ) ( POS 's ) ) ( NN voting ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) )

A family foundation set up by late founder Henry Dunker controls 59 % of Trelleborg 's voting shares outstanding


( S ( CC But ) ( NP-SBJ ( DT the ) ( NN foundation ) ( NNS bylaws ) ) ( VP ( VBP require ) ( S ( NP-SBJ-2 ( JJ the ) ( NN entire ) ( NNP Trelleborg ) ( NN stake ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN sold ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ open ) ( NN market ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( NN control ) ) ( VP ( VBZ drops ) ( PP-DIR ( IN below ) ( NP ( CD 50 ) ( NN % ) ) ) ) ) ) ) ) ) ) ) )

But the foundation bylaws require the entire Trelleborg stake to be sold in the open market if control drops below 50 %


( S ( NP-SBJ ( DT That ) ( NN possibility ) ) ( VP ( VBD had ) ( VP ( VBN crept ) ( ADVP-DIR ( RBR closer ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( NP ( VBN repeated ) ( JJ new ) ( NN share ) ( NNS offerings ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB finance ) ( NP ( NP ( NNP Trelleborg ) ( POS 's ) ) ( JJ rapid ) ( NN growth ) ) ) ) ) ) ) ( ADVP-MNR ( RB steadily ) ) ( VP ( VBD diluted ) ( NP ( NP ( DT the ) ( NN foundation ) ( POS 's ) ) ( NN holding ) ) ) ) ) ) ) )

That possibility had crept closer as repeated new share offerings to finance Trelleborg 's rapid growth steadily diluted the foundation 's holding


( S ( NP-SBJ ( DT That ) ( NN growth ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NN result ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Andersson ) ( POS 's ) ) ( NN shopping ) ( NN spree ) ) ( SBAR ( WHPP-1 ( IN during ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( VP ( VBN bought ) ( CC and ) ( VBN sold ) ( NP ( QP ( JJR more ) ( IN than ) ( CD 100 ) ) ( NNS companies ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( JJ past ) ( CD five ) ( NNS years ) ) ) ) ) ) ) ) ) ) ) )

That growth is the result of Mr. Andersson 's shopping spree during which he has bought and sold more than 100 companies during the past five years


( S ( NP-SBJ ( NP ( JJS Most ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ new ) ( NNS additions ) ) ) ) ( VP ( VBD were ) ( UCP-PRD ( ADJP ( RB barely ) ( JJ profitable ) ) ( CONJP ( IN if ) ( RB not ) ) ( NP ( JJ outright ) ( NN loss ) ( NNS makers ) ) ) ) )

Most of the new additions were barely profitable if not outright loss makers


( S ( S-ADV ( VP ( VBG Applying ) ( NP ( NP ( NN prowess ) ) ( VP ( VBN gained ) ( PP-TMP ( IN during ) ( NP ( NP ( JJR earlier ) ( NNS stints ) ) ( PP-LOC ( IN at ) ( NP ( NN appliance ) ( NN maker ) ( NNP AB ) ( NNP Electrolux ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Andersson ) ) ( CC and ) ( NP ( NP ( DT a ) ( NN handful ) ) ( PP ( IN of ) ( NP ( JJ loyal ) ( NNS lieutenants ) ) ) ) ) ( VP ( VP ( ADVP-MNR ( RB aggressively ) ) ( VBN stripped ) ( ADVP-CLR ( RB away ) ) ( NP ( JJ dead ) ( NN wood ) ) ) ( CC and ) ( VP ( VBD got ) ( NP ( JJ quick ) ( NNS results ) ) ) ) )

Applying prowess gained during earlier stints at appliance maker AB Electrolux Mr. Andersson and a handful of loyal lieutenants aggressively stripped away dead wood and got quick results


( S ( NP-SBJ ( DT The ) ( NN treatment ) ) ( VP ( VBD turned ) ( NP-PRD ( NNP Trelleborg ) ) ( PP-CLR ( IN into ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( NNP Scandinavia ) ( POS 's ) ) ( ADJP ( JJS biggest ) ( CC and ) ( JJ fastest-growing ) ) ( JJ industrial ) ( NNS concerns ) ) ) ) ) ) )

The treatment turned Trelleborg into one of Scandinavia 's biggest and fastest-growing industrial concerns


( S ( PP-TMP ( IN Between ) ( NP ( CD 1985 ) ( CC and ) ( CD 1988 ) ) ) ( S ( NP-SBJ ( NNS sales ) ) ( VP ( VBD multipled ) ( ADVP-CLR ( QP ( RBR more ) ( IN than ) ( CD 10 ) ) ( NNS times ) ) ) ) ( CC and ) ( S ( NP-SBJ ( JJ pretax ) ( NN profit ) ) ( VP ( VBD surged ) ( ADVP-CLR ( RB almost ) ( JJ twelvefold ) ) ) ) )

Between 1985 and 1988 sales multipled more than 10 times and pretax profit surged almost twelvefold


( S ( NP-SBJ ( JJ Many ) ( NNS analysts ) ) ( VP ( VBP expect ) ( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Andersson ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBZ owns ) ( NP ( NP ( CD 1.7 ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN named ) ( S ( NP-PRD ( NP ( NNP Trelleborg ) ( POS 's ) ) ( JJ new ) ( NN chairman ) ) ) ( SBAR-TMP ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ ( NNP Ernst ) ( NNP Herslow ) ) ( VP ( NNS steps ) ( ADVP-CLR ( RB down ) ) ( NP-TMP ( JJ next ) ( NN year ) ) ) ) ) ) ) ) ) ) )

Many analysts expect Mr. Andersson who owns 1.7 % of the company to be named Trelleborg 's new chairman when Ernst Herslow steps down next year


( S ( CC But ) ( NP-SBJ-2 ( DT the ) ( NN promotion ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB alter ) ( NP ( NP ( DT a ) ( NN management ) ( NN style ) ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Andersson ) ) ( VP ( VBZ describes ) ( PP-CLR ( IN as ) ( S-NOM ( VP ( VP ( VBG being ) ( NP-PRD ( NP ( DT the ) ( VBG driving ) ( NN force ) ) ( VP ( VBG leading ) ( NP ( DT the ) ( NNS troops ) ) ) ) ) ( RB not ) ( VP ( VBG managing ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG sitting ) ( ADVP-CLR ( RB back ) ) ( PP ( IN with ) ( NP ( DT a ) ( NN cigar ) ) ) ( S-ADV ( VP ( VBG waiting ) ( SBAR ( IN for ) ( S ( NP-SBJ ( NNS people ) ) ( VP ( TO to ) ( VP ( VB bring ) ( NP ( PRP me ) ) ( NP ( NNS ideas ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But the promotion is n't likely to alter a management style Mr. Andersson describes as being the driving force leading the troops not managing by sitting back with a cigar waiting for people to bring me ideas


( S ( NP-TMP ( JJ Last ) ( NN month ) ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ his ) ( JJS boldest ) ( NN move ) ) ( ADVP-TMP ( RB yet ) ) ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Andersson ) ) ( CC and ) ( NP ( NNP Trelleborg ) ) ) ( VP ( VBD joined ) ( NP ( NNS forces ) ) ( PP-CLR ( IN with ) ( NP ( NP ( NNP Canada ) ( POS 's ) ) ( NNP Noranda ) ( NNP Inc. ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( JJ joint ) ( ADJP ( QP ( CD 2 ) ( CD billion ) ) ) ( NN hostile ) ( NN takeover ) ) ( PP ( IN of ) ( NP ( NP ( DT another ) ( JJ big ) ( JJ Canadian ) ( NN mining ) ( NN concern ) ) ( NP ( NNP Falconbridge ) ( NNP Ltd ) ) ) ) ) ) ) )

Last month in his boldest move yet Mr. Andersson and Trelleborg joined forces with Canada 's Noranda Inc. in a joint 2 billion hostile takeover of another big Canadian mining concern Falconbridge Ltd


( S ( NP-SBJ ( NN Industry ) ( NNS analysts ) ) ( VP ( VBP suggest ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN conquest ) ) ( PP ( IN of ) ( NP ( NNP Falconbridge ) ) ) ) ( VP ( MD could ) ( VP ( VB vault ) ( NP ( NNP Trelleborg ) ) ( PP-DIR ( IN from ) ( NP ( DT a ) ( JJ regional ) ( JJ Scandinavian ) ( NN success ) ( NN story ) ) ) ( PP-DIR ( TO to ) ( NP ( DT a ) ( JJ world-class ) ( NN mining ) ( NN concern ) ) ) ) ) ) ) ) )

Industry analysts suggest that the conquest of Falconbridge could vault Trelleborg from a regional Scandinavian success story to a world-class mining concern


( SINV ( S-TPC-1 ( NP-SBJ ( NNP Trelleborg ) ) ( VP ( VBZ is ) ( RB n't ) ( PP-LOC-PRD ( IN in ) ( NP ( NP ( DT the ) ( JJ same ) ( NN league ) ) ) ) ( ADVP-TMP ( RB yet ) ) ( PP-2 ( IN as ) ( NP ( NP ( NN mining ) ( NNS giants ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NNP RTZ ) ( NNP Corp. ) ) ( CC or ) ( NP ( NNP Anglo-American ) ( NNP Corp. ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Mike ) ( NNP Kurtanjek ) ) ( NP ( NP ( DT a ) ( NN mining ) ( NN analyst ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP James ) ( NNP Capel ) ( CC & ) ( NNP Co. ) ) ( NP-LOC ( NNP London ) ) ) ) ) ) )

Trelleborg is n't in the same league yet as mining giants such as RTZ Corp. or Anglo-American Corp. says Mike Kurtanjek a mining analyst at James Capel & Co. London


( S ( CC But ) ( NP-SBJ ( PRP we ) ) ( ADVP ( RB certainly ) ) ( VP ( VBP like ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP 've ) ( VP ( VBN seen ) ( ADVP-TMP ( RB so ) ( RB far ) ) ) ) ) ) ) )

But we certainly like what we 've seen so far


( S ( CC But ) ( NP-SBJ ( NNP Trelleborg ) ) ( ADVP-TMP ( RB still ) ) ( VP ( MD must ) ( VP ( VB clear ) ( NP ( DT some ) ( JJ tough ) ( NNS hurdles ) ) ) ) )

But Trelleborg still must clear some tough hurdles


( S ( NP-SBJ ( NNP Mr. ) ( NNP Andersson ) ) ( VP ( VBZ acknowledges ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN mining ) ( NN division ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ busy ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( NN while ) ) ) ( S-ADV ( VP ( VBG digesting ) ( NP ( PRP$ its ) ( JJ recent ) ( NN expansion ) ) ) ) ) ) ) ) ) )

Mr. Andersson acknowledges that the company 's mining division will be busy for a while digesting its recent expansion


( S ( NP-SBJ-1 ( JJ Booming ) ( NNS metals ) ( NNS prices ) ) ( VP ( VBP have ) ( VP ( VBN fueled ) ( NP ( NP ( NNP Trelleborg ) ( POS 's ) ) ( JJ recent ) ( NN profit ) ( NN surge ) ) ( S-ADV ( VP ( VBG raising ) ( NP ( NP ( NP ( NN mining ) ( POS 's ) ) ( NN share ) ) ( PP ( IN of ) ( NP ( JJ pretax ) ( NN profit ) ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 68 ) ( NN % ) ) ) ( NP-TMP ( DT this ) ( NN year ) ) ( PP-DIR ( IN from ) ( NP ( DT a ) ( JJ big ) ( NN loss ) ) ( ADVP-TMP ( NP ( CD two ) ( NNS years ) ) ( RBR earlier ) ) ) ) ) ) ) )

Booming metals prices have fueled Trelleborg 's recent profit surge raising mining 's share of pretax profit to 68 % this year from a big loss two years earlier


( S ( CC But ) ( NP-SBJ ( NNS analysts ) ) ( VP ( VBP caution ) ( SBAR ( S ( NP-SBJ ( NP ( DT an ) ( VBN expected ) ( NN fall ) ) ( PP-LOC ( IN in ) ( NP ( NN metal ) ( NNS prices ) ) ) ( NP-TMP ( JJ next ) ( NN year ) ) ) ( VP ( MD could ) ( VP ( VB slow ) ( NP ( NN profit ) ( NN growth ) ) ) ) ) ) ) )

But analysts caution an expected fall in metal prices next year could slow profit growth


( S ( NP-SBJ-1 ( NN Mining ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB remain ) ( NP-PRD ( NP ( NNP Trelleborg ) ( POS 's ) ) ( JJ main ) ( NN business ) ) ) ) ) ) ) )

Mining is likely to remain Trelleborg 's main business


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( NP ( PRP$ its ) ( NNS chances ) ) ( PP ( IN of ) ( NP ( NN success ) ) ) ) ( VP ( MD will ) ( ADVP ( RB likely ) ) ( VP ( VB hinge ) ( PP-CLR ( IN on ) ( SBAR-NOM ( WHADVP-1 ( WRB how ) ( RB well ) ) ( S ( NP-SBJ-2 ( NNP Trelleborg ) ) ( VP ( VBZ manages ) ( S ( VP ( TO to ) ( VP ( VB cooperate ) ( PP-CLR ( IN with ) ( NP ( NNP Noranda ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Falconbridge ) ( NN venture ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Analysts say its chances of success will likely hinge on how well Trelleborg manages to cooperate with Noranda in the Falconbridge venture


( S ( NP-SBJ ( NNP Noranda ) ( CC and ) ( NNP Trelleborg ) ) ( DT each ) ( VP ( VBD came ) ( ADJP-PRD ( RB close ) ( PP ( TO to ) ( S-NOM ( VP ( VBG winning ) ( NP ( NP ( NNP Falconbridge ) ) ( ADVP ( RB alone ) ) ) ) ) ) ) ( PP-TMP ( IN before ) ( NP ( DT the ) ( JJ successful ) ( NN joint ) ( NN bid ) ) ) ) )

Noranda and Trelleborg each came close to winning Falconbridge alone before the successful joint bid


( S ( NP-SBJ ( DT Some ) ( NNS analysts ) ) ( VP ( VBP say ) ( SBAR ( SBAR ( S ( NP-SBJ-1 ( NNP Noranda ) ) ( VP ( MD would ) ( VP ( VB prefer ) ( S ( VP ( TO to ) ( VP ( VB break ) ( PRT ( RP up ) ) ( NP ( NNP Falconbridge ) ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NP ( DT the ) ( NNS Swedes ) ) ( ADJP ( RB relatively ) ( JJ inexperienced ) ( PP ( IN in ) ( NP ( JJ international ) ( NN mining ) ( NNS operations ) ) ) ) ) ( VP ( MD could ) ( VP ( VB have ) ( NP ( NNS problems ) ) ( S-CLR ( VP ( VBG holding ) ( NP ( PRP$ their ) ( JJ own ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( NP ( DT a ) ( ADJP ( RB much ) ( JJR bigger ) ) ( NN partner ) ) ( PP ( IN like ) ( NP ( NNP Noranda ) ) ) ) ( VP ( VBG operating ) ( PP-LOC ( IN on ) ( NP ( PRP$ its ) ( NN home ) ( NN turf ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Some analysts say Noranda would prefer to break up Falconbridge and that the Swedes relatively inexperienced in international mining operations could have problems holding their own with a much bigger partner like Noranda operating on its home turf


( S ( NP-SBJ ( NNP Mr. ) ( NNP Andersson ) ) ( VP ( VBZ insists ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Trelleborg ) ( CC and ) ( NNP Noranda ) ) ( VP ( VBP have ) ( RB n't ) ( VP ( VBN discussed ) ( NP ( DT a ) ( NNP Falconbridge ) ( NN break-up ) ) ) ) ) ) ) )

Mr. Andersson insists that Trelleborg and Noranda have n't discussed a Falconbridge break-up


( S-1 ( NP-SBJ-2 ( NNP Falconbridge ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( VP ( MD will ) ( VP ( VB continue ) ( S ( VP ( VBG operating ) ( PP ( IN in ) ( NP ( PRP$ its ) ( JJ current ) ( NN form ) ) ) ) ) ) ) )

Falconbridge he says will continue operating in its current form


( S ( NP-SBJ-1 ( PRP We ) ) ( VP ( MD 'd ) ( VP ( VB be ) ( ADJP-PRD ( JJ reluctant ) ( S ( VP ( TO to ) ( VP ( VB accept ) ( NP ( NP ( CD 50-50 ) ( NN ownership ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN manufacturing ) ( NN company ) ) ) ) ) ) ) ) ) ) )

We 'd be reluctant to accept 50-50 ownership in a manufacturing company


( S ( S-TPC-2 ( CC But ) ( NP-SBJ ( JJ such ) ( NNS partnerships ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ common ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN mining ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBP are ) ( RB n't ) ( NP-PRD ( NP ( NNS problems ) ) ( CC or ) ( NP ( NP ( NN conflict ) ) ( PP ( IN of ) ( NP ( NN interest ) ) ) ) ( CC or ) ( NP ( NP ( NN risk ) ) ( PP ( IN of ) ( NP ( NP ( VBG cheating ) ) ( PP ( IN by ) ( NP ( DT a ) ( NN partner ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Trelleborg ) ( POS 's ) ) ( NN president ) ) ( VP ( VBZ says ) ) )

But such partnerships are common in mining where there are n't problems or conflict of interest or risk of cheating by a partner Trelleborg 's president says


( S ( S-ADV ( ADJP-PRD ( ADVP ( RB Perhaps ) ) ( RBR more ) ( JJ important ) ) ) ( NP-SBJ ( DT both ) ( NNS companies ) ) ( VP ( VBP share ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Andersson ) ( POS 's ) ) ( NN belief ) ) ( PP ( IN in ) ( NP ( NP ( DT the ) ( JJ coming ) ( NN renaissance ) ) ( PP ( IN of ) ( NP ( NN base ) ( NNS industries ) ) ) ) ) ) ) )

Perhaps more important both companies share Mr. Andersson 's belief in the coming renaissance of base industries


( S ( S-TPC-1 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( DT the ) ( CD 1980s ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( DT a ) ( NN decade ) ) ( PP ( IN of ) ( NP ( NN consumption ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( CD '90s ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( DT the ) ( NN investment ) ( NN decade ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Andersson ) ) ( VP ( VBZ says ) ) )

If the 1980s were a decade of consumption the '90s will be the investment decade Mr. Andersson says


( S ( S-TPC-1 ( NP-SBJ ( NP ( DT The ) ( NN whole ) ) ( PP ( IN of ) ( NP ( NP ( NNP Europe ) ) ( CC and ) ( NP ( DT the ) ( JJ industrialized ) ( NN world ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG suffering ) ( PP-CLR ( IN from ) ( NP ( NP ( DT a ) ( NN breakdown ) ) ( PP-LOC ( IN in ) ( NP ( NN infrastructure ) ( NN investment ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

The whole of Europe and the industrialized world is suffering from a breakdown in infrastructure investment he says


( S ( NP-SBJ-1 ( DT That ) ) ( VP ( VBZ 's ) ( VP ( VBG beginning ) ( S ( VP ( TO to ) ( VP ( VB change ) ) ) ) ) ) )

That 's beginning to change


( S ( CC And ) ( NP-SBJ ( NN investment ) ) ( VP ( VBZ is ) ( NP-PRD ( DT the ) ( JJ key ) ( NN word ) ) ( PP ( IN for ) ( NP ( NP ( NN base ) ( NNS metals ) ) ( CC and ) ( NP ( NP ( JJS most ) ( JJ other ) ( NNS businesses ) ) ( SBAR ( S ( NP-SBJ ( NNP Trelleborg ) ) ( VP ( VBZ is ) ( PP-LOC-PRD ( IN in ) ) ) ) ) ) ) ) ) )

And investment is the key word for base metals and most other businesses Trelleborg is in


( S ( NP-SBJ ( NNP MGM ) ( NNP Grand ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD filed ) ( NP ( NP ( DT a ) ( NN registration ) ( NN statement ) ) ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NNP Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ) ) ( PP-1 ( IN for ) ( NP ( NP ( DT a ) ( JJ public ) ( NN offering ) ) ( PP ( IN of ) ( NP ( QP ( CD six ) ( CD million ) ) ( JJ common ) ( NNS shares ) ) ) ) ) ) ) ) ) )

MGM Grand Inc. said it filed a registration statement with the Securities and Exchange Commission for a public offering of six million common shares


( S ( NP-SBJ ( DT The ) ( ADJP ( NNP Beverly ) ( NNP Hills ) ( JJ Calif.-based ) ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB have ) ( NP ( NP ( QP ( CD 26.9 ) ( CD million ) ) ( JJ common ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ( PP-TMP ( IN after ) ( NP ( DT the ) ( NN offering ) ) ) ) ) ) ) ) )

The Beverly Hills Calif.-based company said it would have 26.9 million common shares outstanding after the offering


( S ( NP-SBJ ( DT The ) ( NN hotel ) ( CC and ) ( NN Gaming ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP Merrill ) ( NNP Lynch ) ( NNP Capital ) ( NNP Markets ) ) ( VP ( MD will ) ( VP ( VB lead ) ( NP ( DT the ) ( NNS underwriters ) ) ) ) ) ) ) )

The hotel and Gaming company said Merrill Lynch Capital Markets will lead the underwriters


( S ( NP-SBJ-1 ( NP ( NNS Proceeds ) ) ( PP ( IN from ) ( NP ( DT the ) ( NN sale ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN used ) ( PP-PRP ( PP ( IN for ) ( NP ( VBG remodeling ) ( CC and ) ( VBG refurbishing ) ( NNS projects ) ) ) ( RB as ) ( RB well ) ( IN as ) ( PP ( IN for ) ( NP ( DT the ) ( VBN planned ) ( NNP MGM ) ( NNP Grand ) ( NN hotel\/casino ) ( CC and ) ( NN theme ) ( NN park ) ) ) ) ) ) ) )

Proceeds from the sale will be used for remodeling and refurbishing projects as well as for the planned MGM Grand hotel\/casino and theme park


( S ( NP-SBJ ( NP ( NNP Inmac ) ( NNP Corp. ) ) ( NP ( NP ( DT a ) ( JJ money-losing ) ( JJ direct ) ( NN marketer ) ) ( PP ( IN of ) ( NP ( NN computer ) ( NNS supplies ) ( CC and ) ( NNS accessories ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNS directors ) ) ( VP ( VBD suspended ) ( NP ( NP ( NN payment ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ semiannual ) ( NN dividend ) ) ) ) ( PP ( RB as ) ( NP ( NP ( ADJP ( RB too ) ( JJ great ) ) ( DT a ) ( NN drain ) ) ( PP ( IN on ) ( NP ( NNS funds ) ) ) ) ) ) ) ) ) )

Inmac Corp. a money-losing direct marketer of computer supplies and accessories said directors suspended payment of its semiannual dividend as too great a drain on funds


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD paid ) ( NP ( NP ( CD five ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP April ) ) ) ) )

The company paid five cents a share in April


( S ( NP-SBJ ( NP ( NP ( DT The ) ( NNS directors ) ( POS ' ) ) ( NN action ) ) ( VP ( VP ( VBN taken ) ( NP-TMP ( NNP Oct. ) ( CD 10 ) ) ) ( CC but ) ( VP ( VBD announced ) ( NP-TMP ( NNP Friday ) ) ) ) ) ( VP ( VBD had ) ( NP ( ADJP ( JJ little ) ( CC or ) ( DT no ) ) ( NN effect ) ) ( PP-CLR ( IN on ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN stock ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD stagnated ) ( PP-CLR ( IN at ) ( NP ( CD 4.75 ) ) ) ( PP-LOC ( IN in ) ( NP ( JJ light ) ( JJ over-the-counter ) ( NN trading ) ) ) ) ) ) ) ) ) )

The directors ' action taken Oct. 10 but announced Friday had little or no effect on the company 's stock which stagnated at 4.75 in light over-the-counter trading


( S ( NP-SBJ ( NNP Inmac ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD disclosed ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 12.3 ) ( CD million ) ) ) ( NN write-off ) ) ( VP ( VBN related ) ( PP-CLR ( TO to ) ( NP ( NP ( DT a ) ( JJ corporate ) ( NN restructuring ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD resulted ) ( PP-CLR ( IN in ) ( S-NOM ( NP-SBJ ( DT the ) ( NN company ) ( POS 's ) ) ( VP ( VBG posting ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 6.4 ) ( CD million ) ) ) ( JJ net ) ( NN loss ) ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN year ) ) ( VP ( VBN ended ) ( NP-TMP ( NNP July ) ( CD 29 ) ) ) ) ) ( PP-2 ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( JJ year-earlier ) ( NN profit ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 9.7 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.02 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Inmac recently disclosed a 12.3 million write-off related to a corporate restructuring that resulted in the company 's posting a 6.4 million net loss for the year ended July 29 compared with year-earlier profit of 9.7 million or 1.02 a share


( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 12 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 249.5 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 222.8 ) ( CD million ) ) ) ) ) )

Sales rose 12 % to 249.5 million from 222.8 million


( SINV ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN board ) ) ( VP ( VBD felt ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( VBN continued ) ( NN payment ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( JJ semiannual ) ( NN dividend ) ) ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ inconsistent ) ( PP ( IN with ) ( NP ( JJ recent ) ( NN operating ) ( NNS results ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Kenneth ) ( NNP A. ) ( NNP Eldred ) ) ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( JJ chief ) ( JJ executive ) ( NN officer ) ) ) ) )

The board felt that the continued payment of our semiannual dividend was inconsistent with recent operating results said Kenneth A. Eldred president and chief executive officer


( S ( S-TPC-4 ( NP-SBJ-1 ( DT All ) ( PRP$ our ) ( NNS efforts ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB now ) ) ( VP ( VBN focused ) ( PP-CLR ( IN on ) ( S-NOM ( VP ( NN improving ) ( NP ( NNS earnings ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN point ) ) ( SBAR ( WHADVP-3 ( WRB where ) ) ( S ( NP-SBJ-2 ( PRP we ) ) ( VP ( MD can ) ( VP ( VP ( VB fund ) ( NP ( JJ additional ) ( JJ new-country ) ( NN development ) ) ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB invest ) ( PP-CLR ( IN in ) ( NP ( DT the ) ( NN business ) ) ) ) ) ) ) ( CC and ) ( VP ( VB reinstate ) ( NP ( DT the ) ( NN dividend ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD added ) ) )

All our efforts are now focused on improving earnings to the point where we can fund additional new-country development continue to invest in the business and reinstate the dividend he added


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBZ offers ) ( NP ( NP ( QP ( JJR more ) ( IN than ) ( CD 3,500 ) ) ( NNS parts ) ( CC and ) ( NNS supplies ) ) ) ( ADVP-MNR ( RB directly ) ) ( PP-DTV ( TO to ) ( NP ( NN microcomputer ) ( CC and ) ( NN minicomputer ) ( NNS users ) ) ) ( PP ( IN through ) ( NP ( NN catalog ) ( NNS sales ) ) ) ) )

The company offers more than 3,500 parts and supplies directly to microcomputer and minicomputer users through catalog sales


( NP-HLN ( NP ( NNP COCA-COLA ) ( NNP Co ) ) ( PRN ( NP-LOC ( NNP Atlanta ) ) ) )

COCA-COLA Co Atlanta


( S ( NP-SBJ-1 ( NP ( NNP Anton ) ( NNP Amon ) ) ( CC and ) ( NP ( NNP George ) ( NNP Gourlay ) ) ) ( VP ( VBD were ) ( VP ( VBN elected ) ( S ( NP-PRD ( NP ( NN vice ) ( NNS presidents ) ) ( PP ( IN of ) ( NP ( DT this ) ( NN soft-drink ) ( NN company ) ) ) ) ) ) ) )

Anton Amon and George Gourlay were elected vice presidents of this soft-drink company


( S ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Amon ) ) ( ADJP ( NP ( CD 46 ) ( NNS years ) ) ( JJ old ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN director ) ) ( PP ( IN of ) ( NP ( NN quality ) ( NN assurance ) ) ) ) ) ) ( S ( ADVP-TMP ( RBS most ) ( RB recently ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD served ) ( PP-CLR ( IN as ) ( NP ( NP ( NN vice ) ( NN president ) ) ( NP ( NNS operations ) ) ) ) ( PP ( IN for ) ( NP ( NNP Coca-Cola ) ( NNP Enterprises ) ) ) ) ) )

Mr. Amon 46 years old is the company 's director of quality assurance most recently he served as vice president operations for Coca-Cola Enterprises


( S ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Gourlay ) ) ( NP ( CD 48 ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NN manager ) ) ( PP ( IN for ) ( NP ( JJ corporate ) ( NN manufacturing ) ( NNS operations ) ) ) ) ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( JJ assistant ) ( NN vice ) ( NN president ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) )

Mr. Gourlay 48 is manager for corporate manufacturing operations he was assistant vice president at the company


( S ( NP-SBJ ( DT The ) ( NN government ) ) ( VP ( VBZ issues ) ( NP ( NP ( PRP$ its ) ( JJ first ) ( NN reading ) ) ( PP ( IN on ) ( NP ( JJ third-quarter ) ( JJ real ) ( JJ gross ) ( JJ national ) ( NN product ) ) ) ) ( NP-TMP ( DT this ) ( NN week ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN report ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB disclose ) ( NP ( ADJP ( RB much ) ( JJR tamer ) ) ( NN inflation ) ) ) ) ) ) ) ) ) ) ) ) )

The government issues its first reading on third-quarter real gross national product this week in a report that is expected to disclose much tamer inflation


( S ( NP-SBJ ( NP ( DT The ) ( NN consensus ) ( NN view ) ) ( PP ( IN on ) ( NP ( NP ( JJ real ) ( NNP GNP ) ) ( NP ( NP ( DT the ) ( JJ total ) ( NN value ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( NN output ) ) ( PP ( IN of ) ( NP ( NNS goods ) ( CC and ) ( NNS services ) ) ) ) ) ( VP ( VBN adjusted ) ( PP-CLR ( IN for ) ( NP ( NN inflation ) ) ) ) ) ) ) ) ( VP ( VBZ calls ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( ADJP ( CD 2.3 ) ( NN % ) ) ( NN gain ) ) ( ADVP ( RB down ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( JJ second ) ( NN quarter ) ( POS 's ) ) ( CD 2.5 ) ( NN % ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNP MMS ) ( NNP International ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NP ( NNP McGraw-Hill ) ( NNP Inc. ) ) ( NP-LOC ( NNP New ) ( NNP York ) ) ) ) ) ) ) ) ) )

The consensus view on real GNP the total value of the nation 's output of goods and services adjusted for inflation calls for a 2.3 % gain down from the second quarter 's 2.5 % according to MMS International a unit of McGraw-Hill Inc. New York


( S ( CC But ) ( NP-SBJ-2 ( NN inflation ) ) ( SBAR-ADV ( IN as ) ( S ( VP ( VBN measured ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP GNP ) ( NN deflator ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Thursday ) ( POS 's ) ) ( NN report ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB rise ) ( NP-EXT ( NP ( QP ( RB only ) ( CD 3.5 ) ) ( NN % ) ) ( ADVP ( RB down ) ( PP ( IN from ) ( NP ( NP ( CD 4.6 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ second ) ( NN quarter ) ) ) ) ) ) ) ) ) ) ) ) )

But inflation as measured by the GNP deflator in Thursday 's report is expected to rise only 3.5 % down from 4.6 % in the second quarter


( S ( S-TPC-1 ( NP-SBJ ( NN Inflation ) ) ( VP ( MD could ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( JJ real ) ( NN surprise ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Samuel ) ( NNP D. ) ( NNP Kahan ) ) ( NP ( NP ( JJ chief ) ( JJ financial ) ( NN economist ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Kleinwort ) ( NNP Benson ) ( NNP Government ) ( NNP Securities ) ( NNP Inc. ) ) ( PP-LOC ( IN in ) ( NP ( NNP Chicago ) ) ) ) ) ) ) )

Inflation could be a real surprise said Samuel D. Kahan chief financial economist at Kleinwort Benson Government Securities Inc. in Chicago


( S ( S-TPC-1 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( DT that ) ) ( VP ( VBZ gets ) ( S ( NP-SBJ ( NNS people ) ) ( ADJP-PRD ( JJ excited ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD could ) ( VP ( VB serve ) ( PP-CLR ( IN as ) ( NP ( NP ( DT an ) ( NN impetus ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN fixed-income ) ( NNS markets ) ) ) ( S-2 ( VP ( TO to ) ( VP ( VB lower ) ( NP ( PRP$ their ) ( NNS rates ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD added ) ) )

If that gets people excited it could serve as an impetus to the fixed-income markets to lower their rates he added


( S ( NP-SBJ ( NP ( DT The ) ( NN week ) ( POS 's ) ) ( JJ other ) ( JJ notable ) ( NNS indicators ) ) ( VP ( VBP include ) ( NP ( NP ( JJ mid-October ) ( NN auto ) ( NNS sales ) ) ( NP ( NNP September ) ( JJ durable ) ( NNS goods ) ( NNS orders ) ) ( CONJP ( RB as ) ( RB well ) ( IN as ) ) ( NP ( NP ( NNP September ) ( JJ personal ) ( NN income ) ) ( NP ( JJ personal ) ( NN consumption ) ) ( CC and ) ( NP ( DT the ) ( NN saving ) ( NN rate ) ) ) ) ) )

The week 's other notable indicators include mid-October auto sales September durable goods orders as well as September personal income personal consumption and the saving rate


( S ( NP-SBJ-1 ( JJS Most ) ) ( VP ( VBP are ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB fall ) ( PP-DIR ( IN below ) ( NP ( JJ previous-month ) ( NNS levels ) ) ) ) ) ) ) ) )

Most are expected to fall below previous-month levels


( S ( NP-SBJ ( JJ Many ) ( NNS economists ) ) ( VP ( VBP see ) ( NP ( NP ( ADJP ( RB even ) ( JJR slower ) ) ( NNP GNP ) ( NN growth ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN remainder ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN year ) ) ) ) ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( DT some ) ) ( VP ( VBG leaning ) ( ADVP-MNR ( RBR more ) ( RB strongly ) ) ( PP-DIR ( IN toward ) ( NP ( DT a ) ( JJ possible ) ( NN recession ) ) ) ) ) ) ) )

Many economists see even slower GNP growth for the remainder of the year with some leaning more strongly toward a possible recession


( S ( PP ( IN In ) ( NP ( NP ( NN addition ) ) ( PP ( TO to ) ( NP ( NP ( NP ( JJR softer ) ( NN production ) ( NNS data ) ) ( NP ( JJR weaker ) ( NN housing ) ( NNS starts ) ) ( CC and ) ( NP ( JJR lower ) ( JJ corporate ) ( NNS profits ) ) ) ( PP ( ADVP-TMP ( RB currently ) ) ( IN in ) ( NP ( NN evidence ) ) ) ) ) ) ) ( NP-SBJ ( DT some ) ( NNS analysts ) ) ( VP ( VBP believe ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( CD two ) ( JJ recent ) ( NN natural ) ( NNS disasters ) ) ( NP ( NP ( NNP Hurricane ) ( NNP Hugo ) ) ( CC and ) ( NP ( DT the ) ( NNP San ) ( NNP Francisco ) ( NN earthquake ) ) ) ) ( VP ( MD will ) ( VP ( VB carry ) ( NP ( JJ economic ) ( NNS ramifications ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ fourth ) ( NN quarter ) ) ) ) ) ) ) ) )

In addition to softer production data weaker housing starts and lower corporate profits currently in evidence some analysts believe the two recent natural disasters Hurricane Hugo and the San Francisco earthquake will carry economic ramifications in the fourth quarter


( S ( NP-SBJ-1 ( NP ( DT The ) ( JJ recent ) ( JJ one-day ) ( JJ 190-point ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Dow ) ( NNP Jones ) ( NNP Industrial ) ( NNP Average ) ) ) ) ( VP ( VBZ seems ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ significant ) ( PP ( TO to ) ( NP ( NNS economists ) ) ) ) ( PP-PRP ( ADVP ( RB mainly ) ) ( IN for ) ( NP ( NP ( PRP$ its ) ( JJ tacit ) ( NN comment ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( JJ poor ) ( NN quality ) ) ( PP ( IN of ) ( NP ( NP ( JJ third-quarter ) ( NNS profits ) ) ( VP ( ADVP-TMP ( RB now ) ) ( VBG being ) ( VP ( VBN reported ) ) ) ) ) ) ) ) ) ) ) ) ) )

The recent one-day 190-point drop in the Dow Jones Industrial Average seems to be significant to economists mainly for its tacit comment on the poor quality of third-quarter profits now being reported


( SINV ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN stock ) ( NN market ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ sick ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NNS profits ) ) ( VP ( VBP are ) ( VP ( VBG crumbling ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Michael ) ( NNP K. ) ( NNP Evans ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Evans ) ( NNP Economics ) ( NNP Inc. ) ) ( NP-LOC ( NNP Washington ) ) ) ) ) ) )

The stock market is sick because profits are crumbling says Michael K. Evans president of Evans Economics Inc. Washington


( S-1 ( S ( NP-SBJ ( DT The ) ( NN economy ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD noted ) ) ) ) ( VP ( VBZ moves ) ( NP ( DT the ) ( NN market ) ) ) ) ( FRAG ( ADVP ( RB not ) ( RB vice ) ( RB versa ) ) ) )

The economy he noted moves the market not vice versa


( S ( PP ( IN On ) ( NP ( DT the ) ( JJ other ) ( NN hand ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Evans ) ) ( VP ( VBZ expects ) ( S ( NP-SBJ ( NP ( DT the ) ( NN hurricane ) ) ( CC and ) ( NP ( DT the ) ( NN earthquake ) ) ) ( VP ( TO to ) ( VP ( VB take ) ( NP-CLR ( DT a ) ( NN hunk ) ) ( PP-CLR ( IN out ) ( PP ( IN of ) ( NP ( JJ fourth-quarter ) ( NNP GNP ) ) ) ) ) ) ) ) )

On the other hand Mr. Evans expects the hurricane and the earthquake to take a hunk out of fourth-quarter GNP


( S ( NP-SBJ ( NP ( PRP$ His ) ( NN estimate ) ) ( PP ( IN of ) ( NP ( CD 3.3 ) ( NN % ) ) ) ( PP ( IN for ) ( NP ( JJ third-quarter ) ( NNP GNP ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( ADJP ( JJR higher ) ) ( PP ( IN than ) ( NP ( DT the ) ( NN consensus ) ) ) ) ( SBAR-PRP ( ADVP ( RB largely ) ) ( IN because ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ believes ) ( SBAR ( S ( NP-SBJ ( JJ current ) ( NNS inventories ) ) ( VP ( VBP are ) ( RB n't ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ low ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( JJ official ) ( NNS figures ) ) ( VP ( VBP indicate ) ) ) ) ) ) ) ) ) ) ) ) )

His estimate of 3.3 % for third-quarter GNP is higher than the consensus largely because he believes current inventories are n't as low as official figures indicate


( S-2 ( NP-SBJ-1 ( NN Demand ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ believes ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN met ) ( PP ( IN from ) ( NP ( NP ( NN overhang ) ) ( PP ( RB rather ) ( IN than ) ( NP ( JJ new ) ( NN production ) ) ) ) ) ) ) ) )

Demand he believes is being met from overhang rather than new production


( S ( ADVP ( IN By ) ( CC and ) ( JJ large ) ) ( NP-SBJ ( NNS economists ) ) ( VP ( VBP believe ) ( SBAR ( S ( NP-SBJ ( DT the ) ( CD two ) ( JJ natural ) ( NNS catastrophes ) ) ( VP ( MD will ) ( VP ( VB limit ) ( NP ( NP ( JJ economic ) ( NN damage ) ) ( PP ( TO to ) ( NP ( PRP$ their ) ( NNS regions ) ) ) ) ) ) ) ) ) )

By and large economists believe the two natural catastrophes will limit economic damage to their regions