( S ( NP-SBJ ( NNP Mr. ) ( NNP Runkel ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ doubts ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Kennedy ) ) ( VP ( MD can ) ( VP ( VB muster ) ( NP ( JJ enough ) ( JJ congressional ) ( NN support ) ( S ( VP ( TO to ) ( VP ( VB reorganize ) ( NP ( DT the ) ( NNP Justice ) ( NNP Department ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Runkel says he doubts Mr. Kennedy can muster enough congressional support to reorganize the Justice Department


( S ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( MD will ) ( VP ( ADVP-MNR ( RB vigorously ) ) ( VB oppose ) ( NP ( DT the ) ( NN bill ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

We will vigorously oppose the bill he says


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB think ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN reorganization ) ) ( VP ( VBZ is ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB happen ) ) ) ) ) ) ) ) ) ) )

I do n't think the reorganization is going to happen


( S-HLN ( NP-SBJ ( NNP WHITMAN ) ( CC & ) ( NNP RANSOM ) ) ( VP ( VBZ recruits ) ( NP ( NNS lawyers ) ) ( PP-CLR ( IN from ) ( NP ( VBG disbanding ) ( NN firm ) ) ) ) )

WHITMAN & RANSOM recruits lawyers from disbanding firm


( S ( NP-SBJ ( DT The ) ( JJ 204-lawyer ) ( NNP New ) ( NNP York ) ( NN firm ) ) ( VP ( MD will ) ( VP ( VB bring ) ( PRT ( RP in ) ) ( NP ( NP ( QP ( IN at ) ( JJS least ) ( CD 12 ) ) ( NNS partners ) ) ( CC and ) ( NP ( NP ( DT a ) ( ADJP ( ADVP ( RB not ) ( RB yet ) ) ( VBN determined ) ) ( NN number ) ) ( PP ( IN of ) ( NP ( NNS associates ) ) ) ) ) ( PP-CLR ( IN from ) ( NP ( NP ( NNP Golenbock ) ( CC & ) ( NNP Barell ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD will ) ( VP ( VB dissolve ) ( NP-TMP ( NNP Dec. ) ( CD 31 ) ) ) ) ) ) ) ) ) ) )

The 204-lawyer New York firm will bring in at least 12 partners and a not yet determined number of associates from Golenbock & Barell which will dissolve Dec. 31


( S ( NP-SBJ ( NP ( NNP Golenbock ) ) ( PP ( IN with ) ( NP ( CD 35 ) ( NNS lawyers ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN lost ) ( NP ( JJ several ) ( NNS partners ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( JJ past ) ( NN year ) ) ) ) ) )

Golenbock with 35 lawyers has lost several partners during the past year


( S ( NP-SBJ-1 ( DT Some ) ( NNP Golenbock ) ( NNS lawyers ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN invited ) ( S ( VP ( TO to ) ( VP ( VB join ) ( NP ( NNP Whitman ) ( CC & ) ( NNP Ransom ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNS partners ) ) ( PP-LOC ( IN at ) ( NP ( DT both ) ( NNS firms ) ) ) ) ) ) ) ) ) )

Some Golenbock lawyers wo n't be invited to join Whitman & Ransom according to partners at both firms


( S ( NP-SBJ ( NNP Whitman ) ( CC & ) ( NNP Ransom ) ( NN managing ) ( NN partner ) ( NNP Maged ) ( NNP F. ) ( NNP Riad ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP Golenbock ) ( NNS recruits ) ) ( VP ( MD will ) ( VP ( VB enhance ) ( NP ( NP ( DT the ) ( NN firm ) ( POS 's ) ) ( UCP ( JJ corporate ) ( CC and ) ( NN litigation ) ) ( NNS departments ) ) ) ) ) ) ) )

Whitman & Ransom managing partner Maged F. Riad said the Golenbock recruits will enhance the firm 's corporate and litigation departments


( S-HLN ( NP-SBJ ( NNP SHORT ) ( NNP SKIRTS ) ) ( ADJP-PRD ( RB not ) ( JJ welcome ) ) ( PP-LOC ( IN in ) ( NP ( NNP Texas ) ( NN court ) ) ) )

SHORT SKIRTS not welcome in Texas court


( S ( NP-SBJ-1 ( NP ( NNP Shelly ) ( NNP Hancock ) ) ( NP ( NP ( DT a ) ( JJ male ) ( NN county ) ( NN court ) ( NN judge ) ) ( PP-LOC ( IN in ) ( NP ( NNP Houston ) ) ) ) ) ( VP ( VBD refused ) ( S ( VP ( TO to ) ( VP ( VB let ) ( S ( NP-SBJ ( DT a ) ( NN woman ) ) ( VP ( VB plead ) ( NP ( JJ guilty ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( JJ drunk-driving ) ( NN charge ) ) ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP$ her ) ( NN skirt ) ) ( VP ( VBD stopped ) ( NP ( NP ( CD three ) ( NNS inches ) ) ( PP ( IN above ) ( NP ( PRP$ her ) ( NNS knees ) ) ) ) ) ) ) ) )

Shelly Hancock a male county court judge in Houston refused to let a woman plead guilty to a drunk-driving charge because her skirt stopped three inches above her knees


( S ( S ( NP-SBJ-3 ( DT The ) ( NN woman ) ) ( VP ( VBD appeared ) ( PP-LOC ( IN in ) ( NP ( NN court ) ) ) ( NP-TMP ( NNP Thursday ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB enter ) ( NP ( PRP her ) ( NN plea ) ) ) ) ) ) ) ( CC but ) ( S ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ-4 ( PRP she ) ) ( VP ( VBD started ) ( S ( VP ( TO to ) ( VP ( VB approach ) ( NP ( DT the ) ( NN bench ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( PRP she ) ) ( VP ( VBD was ) ( VP ( VBN stopped ) ( PP ( IN by ) ( NP-LGS ( NNP Judge ) ( NNP Hancock ) ) ) ) ) ) )

The woman appeared in court Thursday to enter her plea but when she started to approach the bench she was stopped by Judge Hancock


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD told ) ( NP ( NP ( NP ( DT the ) ( NN woman ) ( POS 's ) ) ( NN lawyer ) ) ( NP ( NNP Victor ) ( NNP Blaine ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( JJ short ) ( NN skirt ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ inappropriate ) ( PP ( IN for ) ( NP ( DT a ) ( NN court ) ( NN appearance ) ) ) ) ) ) ) ) )

He told the woman 's lawyer Victor Blaine that the short skirt was inappropriate for a court appearance


( S ( PP ( IN Despite ) ( NP ( NP ( NNP Mr. ) ( NNP Blaine ) ( POS 's ) ) ( NNS protests ) ) ) ( NP-SBJ ( DT the ) ( NN judge ) ) ( VP ( VBD rescheduled ) ( NP ( PRP$ her ) ( NN case ) ) ( PP-TMP ( IN for ) ( NP ( NNP Nov. ) ( CD 27 ) ) ) ) )

Despite Mr. Blaine 's protests the judge rescheduled her case for Nov. 27


( S ( NP-SBJ-2 ( NP ( NNP Kelly ) ( NNP Siegler ) ) ( NP ( NP ( DT an ) ( JJ assistant ) ( NN district ) ( NN attorney ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD was ) ( PP-LOC-PRD ( IN in ) ( NP ( DT the ) ( NN courtroom ) ) ) ) ) ) ) ) ( VP ( VBD disputed ) ( NP ( NNS suggestions ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN action ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ sexist ) ) ) ) ) ) ( S-ADV ( VP ( VBG saying ) ( SBAR ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBD had ) ( VP ( VBN seen ) ( S ( NP-SBJ ( NNP Judge ) ( NNP Hancock ) ) ( VP ( VB turn ) ( PRT ( RP away ) ) ( NP ( NP ( JJ male ) ( NNS defendants ) ) ( VP ( VBN dressed ) ( PP-CLR ( IN in ) ( NP ( NP ( NNS shorts ) ) ( NP ( NN tank ) ( NNS tops ) ) ( CC or ) ( NP ( NN muscle ) ( NNS shirts ) ) ) ) ( NP-TMP ( JJ many ) ( NNS times ) ) ) ) ) ) ) ) ) ) ) ) ) )

Kelly Siegler an assistant district attorney who was in the courtroom disputed suggestions the action was sexist saying she had seen Judge Hancock turn away male defendants dressed in shorts tank tops or muscle shirts many times


( S ( NP-SBJ ( NNP Judge ) ( NNP Hancock ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB return ) ( NP ( NN phone ) ( NNS calls ) ) ) ) )

Judge Hancock did n't return phone calls


( S ( NP-SBJ ( PRP$ Your ) ( NNP Oct. ) ( CD 4 ) ( JJ front ) ( NN page ) ) ( VP ( VBD noted ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( JJ British ) ( NNS lawyers ) ) ( VP ( VBP have ) ( S ( VP ( TO to ) ( VP ( VB wear ) ( NP ( NNS wigs ) ) ( PP-LOC ( IN in ) ( NP ( NN court ) ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT these ) ( NNS wigs ) ) ( VP ( VBP are ) ( VP ( VBN made ) ( PP ( IN from ) ( NP ( NP ( NNS horses ) ( POS ' ) ) ( NNS tails ) ) ) ) ) ) ) ) ) )

Your Oct. 4 front page noted that British lawyers have to wear wigs in court and that these wigs are made from horses ' tails


( SQ ( VBP Do ) ( NP-SBJ ( PRP you ) ) ( VP ( VB think ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS British ) ) ( VP ( VBP know ) ( NP ( NP ( NN something ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP do ) ( RB n't ) ) ) ) ) ) ) ) ) )

Do you think the British know something that we do n't


( NP ( NNP Yale ) ( NNP Jay ) ( NNP Lubkin ) )

Yale Jay Lubkin


( NP ( NP ( NNP Owings ) ) ( NP ( NNP Md ) ) )

Owings Md


( S ( NP-SBJ ( NNP Foothills ) ( NNP Pipe ) ( NNP Lines ) ( NNP Ltd. ) ) ( VP ( VBD filed ) ( NP ( DT an ) ( NN application ) ) ( PP-CLR ( IN with ) ( NP ( JJ Canadian ) ( NNS regulators ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB build ) ( NP ( DT a ) ( ADJP ( ADJP ( QP ( CD 4.4 ) ( CD billion ) ) ( JJ Canadian ) ( NN dollar ) ) ( PRN ( ADJP ( QP ( CD 3.74 ) ( CD billion ) ) ) ) ) ( NN pipeline ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB transport ) ( NP ( JJ natural ) ( NN gas ) ) ( PP-DIR ( IN from ) ( NP ( NP ( NNP Canada ) ( POS 's ) ) ( NNP Arctic ) ) ) ( PP-DIR ( TO to ) ( NP ( NNP U.S. ) ( NNS markets ) ) ) ( S-TMP ( VP ( VBG beginning ) ( X ( PP ( IN in ) ) ) ) ) ) ) ) ) ) ) ) )

Foothills Pipe Lines Ltd. filed an application with Canadian regulators to build a 4.4 billion Canadian dollar 3.74 billion pipeline to transport natural gas from Canada 's Arctic to U.S. markets beginning in


( S ( NP-SBJ-2 ( NP ( DT The ) ( NN application ) ) ( PP ( IN by ) ( NP ( NP ( NNP Foothills ) ) ( VP ( VBN owned ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( JJ Calgary-based ) ( NNP Nova ) ( NNP Corp. ) ) ( PP ( IN of ) ( NP ( NNP Alberta ) ) ) ) ( CC and ) ( NP ( NP ( NNP Westcoast ) ( NNP Energy ) ( NNP Inc. ) ) ( PP ( IN of ) ( NP ( NP ( NNP Vancouver ) ) ( NP ( NNP Canada ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB kick ) ( PRT ( RP off ) ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( VP ( MD could ) ( VP ( VB be ) ( NP-PRD ( NP ( DT a ) ( JJ contentious ) ( NN battle ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN right ) ( S ( VP ( TO to ) ( VP ( VB transport ) ( NP ( NP ( JJ vast ) ( NNS quantities ) ) ( PP ( IN of ) ( NP ( NN gas ) ) ) ) ( PP-DIR ( TO to ) ( NP ( JJ southern ) ( NNS markets ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( JJ still-undeveloped ) ( NNS fields ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Canada ) ( POS 's ) ) ( NNP Mackenzie ) ( NNP River ) ( NN delta ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The application by Foothills owned by Calgary-based Nova Corp. of Alberta and Westcoast Energy Inc. of Vancouver Canada is expected to kick off what could be a contentious battle for the right to transport vast quantities of gas to southern markets from still-undeveloped fields in Canada 's Mackenzie River delta


( SINV ( S-TPC-1 ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ pre-emptive ) ( NN strike ) ) ( PP ( IN by ) ( NP ( NNP Foothills ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Rick ) ( NNP Hillary ) ) ( NP ( NP ( JJ natural ) ( NN gas ) ( NN manager ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( JJ Calgary-based ) ( NNP Independent ) ( NNP Petroleum ) ( NNP Association ) ) ( PP ( IN of ) ( NP ( NNP Canada ) ) ) ) ( NP ( DT an ) ( NN industry ) ( NN group ) ) ) ) ) ) )

This is a pre-emptive strike by Foothills said Rick Hillary natural gas manager of the Calgary-based Independent Petroleum Association of Canada an industry group


( S ( S-TPC-2 ( NP-SBJ-1 ( NNS Foothills ) ) ( VP ( VBZ wants ) ( S ( VP ( TO to ) ( VP ( VB make ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( ADJP-PRD ( JJ clear ) ( PP ( TO to ) ( NP ( JJ other ) ( NN pipeline ) ( NNS companies ) ) ) ) ( SBAR-3 ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( PP-PRD ( IN on ) ( NP ( NN first ) ) ) ( PP-PRP ( RB insofar ) ( IN as ) ( S-NOM ( VP ( NN transporting ) ( NP ( NN gas ) ) ( PP-DIR ( IN from ) ( NP ( DT the ) ( NNP Arctic ) ) ) ( PP-DIR ( TO to ) ( NP ( JJ southern ) ( NNS markets ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Hillary ) ) ( VP ( VBD said ) ) )

Foothills wants to make it clear to other pipeline companies that it 's on first insofar as transporting gas from the Arctic to southern markets Mr. Hillary said


( S ( NP-SBJ-2 ( QP ( IN At ) ( JJS least ) ( CD two ) ) ( JJ rival ) ( NNS applications ) ) ( VP ( VBP are ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB emerge ) ( PP-TMP ( IN in ) ( NP ( VBG coming ) ( NNS months ) ) ) ) ) ) ( PP ( VBG including ) ( NP ( NP ( CD one ) ) ( PP ( IN from ) ( NP ( NP ( NNP TransCanada ) ( NNP PipeLines ) ( NNP Ltd. ) ) ( NP ( NP ( NNP Canada ) ( POS 's ) ) ( JJS largest ) ( JJ natural ) ( NN gas ) ( NN pipeline ) ( NN operator ) ) ) ) ) ) ) ) )

At least two rival applications are expected to emerge in coming months including one from TransCanada PipeLines Ltd. Canada 's largest natural gas pipeline operator


( S ( NP-SBJ-3 ( DT Another ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( PP ( IN from ) ( NP ( NP ( DT a ) ( NN consortium ) ) ( PP ( IN of ) ( NP ( NP ( NN oil ) ( CC and ) ( NN gas ) ( NNS producers ) ) ( SBAR ( WHNP-4 ( WP who ) ) ( S ( VP ( VBD won ) ( NP ( JJ conditional ) ( NN approval ) ) ( NP-TMP ( DT this ) ( NN month ) ) ( PP-CLR ( IN from ) ( NP ( NP ( NNP Canada ) ( POS 's ) ) ( NNP National ) ( NNP Energy ) ( NNP Board ) ) ) ( S-2 ( VP ( TO to ) ( VP ( VB export ) ( NP ( NP ( QP ( RB about ) ( CD 9.2 ) ( CD trillion ) ) ( JJ cubic ) ( NNS feet ) ) ( PP ( IN of ) ( NP ( NNP Mackenzie ) ( NN delta ) ( NN gas ) ) ) ) ( PP-DIR ( TO to ) ( NP ( DT the ) ( NNP U.S. ) ) ) ( S-TMP ( VP ( VBG starting ) ( PP-TMP ( IN in ) ( NP ( CD 1996 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Another is expected from a consortium of oil and gas producers who won conditional approval this month from Canada 's National Energy Board to export about 9.2 trillion cubic feet of Mackenzie delta gas to the U.S. starting in 1996


( S ( NP-SBJ ( DT The ) ( NNS producers ) ) ( VP ( VBP include ) ( NP ( NP ( NP ( NNP Shell ) ( NNP Canada ) ( NNP Ltd. ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP Royal ) ( NNP Dutch\/Shell ) ( NNP Group ) ) ) ) ) ( NP ( NP ( NNP Esso ) ( NNP Resources ) ( NNP Canada ) ( NNP Ltd. ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NP ( NNP Imperial ) ( NNP Oil ) ( NNP Ltd. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( CD 71%-owned ) ( PP ( IN by ) ( NP ( NNP Exxon ) ( NNP Corp. ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( NNP Gulf ) ( NNP Canada ) ( NNP Resources ) ( NNP Ltd. ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP Olympia ) ( CC & ) ( NNP York ) ( NNP Developments ) ( NNP Ltd ) ) ) ) ) ) ) )

The producers include Shell Canada Ltd. a unit of Royal Dutch\/Shell Group Esso Resources Canada Ltd. a unit of Imperial Oil Ltd. which is 71%-owned by Exxon Corp. and Gulf Canada Resources Ltd. a unit of Olympia & York Developments Ltd


( SINV ( S-TPC-2 ( NP-SBJ ( NP ( DT The ) ( NNP National ) ( NNP Energy ) ( NNP Board ) ( NN approval ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS exports ) ) ) ) ( VP ( ADVP ( RB just ) ) ( VBD waved ) ( NP ( NP ( DT the ) ( NN starting ) ( NN flag ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( JJ next ) ( NN stage ) ) ( NP ( DT the ) ( NN rush ) ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( NP ( NNS facilities ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB transport ) ( NP ( DT the ) ( NN gas ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Bill ) ( NNP Koerner ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP ( IN with ) ( NP ( NP ( NNP Brady ) ( CC & ) ( NNP Berliner ) ) ( NP ( DT a ) ( NAC-LOC ( NNP Washington ) ( NNP D.C. ) ) ( NN law ) ( NN firm ) ) ) ) ) ) )

The National Energy Board approval of the exports just waved the starting flag for the next stage the rush to build facilities to transport the gas said Bill Koerner an analyst with Brady & Berliner a Washington D.C. law firm


( S ( NP-SBJ-1 ( NP ( NP ( NNP Foothills ) ( POS ' ) ) ( JJ main ) ( NN rival ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( DT a ) ( NNP Mackenzie ) ( NNP Delta ) ( NN pipeline ) ) ) ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( NNP TransCanada ) ( NNP PipeLines ) ) ) ) ) ) ) )

Foothills ' main rival to build a Mackenzie Delta pipeline is likely to be TransCanada PipeLines


( S ( NP-SBJ ( DT The ) ( NNP Toronto-based ) ( NN company ) ) ( ADVP ( RB together ) ( PP ( IN with ) ( NP ( NP ( NNP Tenneco ) ( NNP Inc. ) ) ( PP ( IN of ) ( NP ( NNP Houston ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBD had ) ( NP ( NP ( DT an ) ( JJ incomplete ) ( NN proposal ) ) ( VP ( VBN filed ) ( PP-CLR ( IN with ) ( NP ( JJ Canadian ) ( NNS regulators ) ) ) ) ) ( PP-TMP ( IN since ) ( NP ( CD 1984 ) ) ) ( SBAR-2 ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( ADVP-TMP ( RB now ) ) ( VP ( VBG updating ) ) ) ) ) ) ) )

The Toronto-based company together with Tenneco Inc. of Houston has had an incomplete proposal filed with Canadian regulators since 1984 that it is now updating


( S ( PP ( IN Like ) ( NP ( NNP Foothills ) ) ) ( NP-SBJ-1 ( NP ( NNP TransCanada ) ( POS 's ) ) ( NNP Polar ) ( NNP Gas ) ( NN consortium ) ) ( VP ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( NP ( DT a ) ( NN pipeline ) ) ) ( ADVP-LOC ( RB directly ) ( RB south ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NNP Mackenzie ) ( NNP River ) ( NN delta ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Canada ) ( POS 's ) ) ( JJ western ) ( NNP Arctic ) ) ) ) ) ) ( PP-3 ( IN with ) ( NP ( DT an ) ( JJ initial ) ( NN capacity ) ( S ( VP ( TO to ) ( VP ( VB transport ) ( NP ( NP ( QP ( CD 1.2 ) ( CD billion ) ) ( JJ cubic ) ( NNS feet ) ) ( PP ( IN of ) ( NP ( NN gas ) ) ) ( ADVP-TMP ( RB daily ) ) ) ) ) ) ) ) ) ) ) ) )

Like Foothills TransCanada 's Polar Gas consortium plans to build a pipeline directly south from the Mackenzie River delta in Canada 's western Arctic with an initial capacity to transport 1.2 billion cubic feet of gas daily


( S ( NP-SBJ ( NN Industry ) ( NNS sources ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP expect ) ( S ( NP-SBJ ( NP ( DT a ) ( JJ fierce ) ( NN battle ) ) ) ( VP ( TO to ) ( VP ( VB emerge ) ( PP-4 ( IN between ) ( NP ( NP ( NP ( NNP TransCanada ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( NN monopoly ) ) ( PP ( IN on ) ( NP ( NP ( JJ Canadian ) ( NN gas ) ( NN transportation ) ) ( ADVP-LOC ( JJ east ) ( PP ( IN of ) ( NP ( NNP Alberta ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( NNP Nova ) ( CC and ) ( NNP Westcoast ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBP control ) ( NP ( NP ( DT the ) ( NNS pipelines ) ) ( UCP-LOC ( PP ( IN within ) ) ( CC and ) ( VP ( VBG running ) ( ADVP-CLR ( NN west ) ( PP ( IN of ) ) ) ) ( NP-3 ( NNP Alberta ) ) ( ADVP ( RB respectively ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Industry sources said they expect a fierce battle to emerge between TransCanada which has a monopoly on Canadian gas transportation east of Alberta and Nova and Westcoast which control the pipelines within and running west of Alberta respectively


( SINV ( S-TPC-4 ( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJ virgin ) ( NN territory ) ) ( ADJP ( JJ unclaimed ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-3 ( PRP it ) ) ( VP ( VBZ 's ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ nasty ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( CD one ) ( NN observer ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD asked ) ( S ( RB not ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN named ) ) ) ) ) ) ) ) ) )

This is virgin territory unclaimed and it 's going to be nasty said one observer who asked not to be named


( S ( NP-SBJ-1 ( CC Neither ) ) ( VP ( VBZ is ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB back ) ( PRT ( RP down ) ) ( ADVP-MNR ( RB easily ) ) ) ) ) ) ) )

Neither is going to back down easily


( S ( NP-SBJ-1 ( NNP TransCanada ) ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB comment ) ( PP-CLR ( RP on ) ( NP ( DT the ) ( NNP Foothills ) ( NN application ) ) ) ) ) ) ) )

TransCanada declined to comment on the Foothills application


( S ( CC But ) ( NP-TMP ( JJ last ) ( NN week ) ) ( NP-SBJ ( NP ( NNP Gerald ) ( NNP Maier ) ) ( NP ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( JJ chief ) ( JJ executive ) ( NN officer ) ) ) ( PP ( IN of ) ( NP ( NNP TransCanada ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( SBAR ( S ( NP-SBJ-2 ( DT the ) ( NN company ) ) ( VP ( VBZ intends ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( NP ( DT a ) ( NN party ) ) ( PP ( TO to ) ( NP ( NP ( DT any ) ( NN transportation ) ( NN system ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ goes ) ( ADVP-LOC ( RP up ) ( RB there ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ-3 ( PRP it ) ) ( VP ( MD would ) ( VP ( VB consider ) ( NP ( NP ( JJ joint ) ( NNS ventures ) ) ( PP ( IN with ) ( NP ( JJ other ) ( NNS players ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB ensure ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( NP ( DT a ) ( NN role ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But last week Gerald Maier president and chief executive officer of TransCanada said the company intends to be a party to any transportation system that goes up there and that it would consider joint ventures with other players to ensure it has a role


( S ( NP-SBJ-2 ( NP ( DT A ) ( NN number ) ) ( PP ( IN of ) ( NP ( NNS issues ) ) ) ) ( ADVP ( RB still ) ) ( VP ( VB need ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN resolved ) ) ) ) ) ( SBAR-TMP ( RB before ) ( S ( NP-SBJ ( JJ Canadian ) ( NNS regulators ) ) ( VP ( VBP give ) ( NP ( DT any ) ( NN project ) ) ( NP ( DT the ) ( JJ final ) ( NN go-ahead ) ) ) ) ) ) )

A number of issues still need to be resolved before Canadian regulators give any project the final go-ahead


( S ( ADVP ( RB First ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NN price ) ) ( PP ( IN of ) ( NP ( JJ natural ) ( NN gas ) ) ) ) ( VP ( MD will ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( ADVP ( RB almost ) ) ( VB double ) ) ) ) ) ) )

First the price of natural gas will have to almost double


( S ( NP-SBJ ( NP ( NNP Kent ) ( NNP Jesperson ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NNP Foothills ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBZ believes ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN project ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ viable ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( NN gas ) ( NNS prices ) ) ( VP ( VBP reach ) ( NP ( NP ( CD 3.25 ) ) ( NP-ADV ( DT a ) ( CD thousand ) ( JJ cubic ) ( NNS feet ) ) ) ( PP-TMP ( IN by ) ( NP ( CD 1995 ) ) ) ( PP ( IN in ) ( NP ( JJ current ) ( NNS dollars ) ) ) ( ADVP ( RB up ) ( PP ( IN from ) ( NP ( NP ( DT a ) ( JJ current ) ( NN spot ) ( NN price ) ) ( PP ( IN of ) ( NP ( QP ( RB about ) ( CD 1.50 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Kent Jesperson president of Foothills said the company believes the project would be viable if gas prices reach 3.25 a thousand cubic feet by 1995 in current dollars up from a current spot price of about 1.50


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Jesperson ) ( POS 's ) ) ( ADJP ( CD 3.25 ) ) ( NN estimate ) ) ( VP ( VBZ is ) ( PP-PRD ( RB somewhat ) ( IN below ) ( NP ( NP ( DT the ) ( ADJP ( CD 3.39 ) ) ( NN floor ) ( NN price ) ) ( SBAR ( WHNP-2 ( IN that ) ) ( S ( NP-SBJ ( JJ Calgary-based ) ( JJ consulting ) ( NN firm ) ( NNP Paul ) ( NNP Ziff ) ( CC & ) ( NNP Co. ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD said ) ( SBAR ( S ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN needed ) ( SBAR-PRP ( IN for ) ( S ( NP-SBJ ( NNP Mackenzie ) ( NN delta ) ( NN gas ) ( NNS producers ) ) ( VP ( TO to ) ( VP ( VB see ) ( NP ( NP ( DT a ) ( NN return ) ) ( PP ( IN on ) ( NP ( PRP$ their ) ( NN investment ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Jesperson 's 3.25 estimate is somewhat below the 3.39 floor price that Calgary-based consulting firm Paul Ziff & Co. recently said would be needed for Mackenzie delta gas producers to see a return on their investment


( S ( NP-SBJ ( NNP U.S. ) ( NN gas ) ( NNS buyers ) ) ( VP ( MD must ) ( ADVP ( RB also ) ) ( VP ( VB decide ) ( SBAR ( IN whether ) ( S ( NP-SBJ-2 ( PRP they ) ) ( VP ( VBP want ) ( S ( VP ( TO to ) ( VP ( VP ( VB enter ) ( NP ( NP ( JJ firm ) ( NNS contracts ) ) ( PP ( IN for ) ( NP ( NNP Mackenzie ) ( NN delta ) ( NN gas ) ) ) ) ) ( CC or ) ( VP ( VB develop ) ( NP ( JJ Alaskan ) ( NNS reserves ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Prudhoe ) ( NNP Bay ) ( NN area ) ) ) ( ADVP-TMP ( RB first ) ) ( NP ( NP ( DT a ) ( NN project ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ has ) ( VP ( VBN been ) ( PP-PRD ( IN on ) ( NP ( NN hold ) ) ) ( PP-TMP ( IN for ) ( NP ( NP ( JJR more ) ) ( PP ( IN than ) ( NP ( DT a ) ( NN decade ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

U.S. gas buyers must also decide whether they want to enter firm contracts for Mackenzie delta gas or develop Alaskan reserves in the Prudhoe Bay area first a project that has been on hold for more than a decade


( S ( NP-SBJ ( NP ( NNP Robert ) ( NNP Pierce ) ) ( NP ( NP ( NP ( NN chairman ) ) ( CC and ) ( NP ( JJ chief ) ( NN executive ) ) ) ( PP ( IN of ) ( NP ( NNP Foothills ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( RB too ) ( JJ early ) ( S ( VP ( TO to ) ( VP ( VB say ) ( SBAR ( CC whether ) ( S ( NP-SBJ ( UCP ( JJ Alaskan ) ( CC or ) ( NNP Mackenzie ) ( JJ delta ) ) ( NN gas ) ) ( VP ( MD would ) ( VP ( VB flow ) ( PP-DIR ( TO to ) ( NP ( NN market ) ) ) ( ADVP-TMP ( RB first ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Robert Pierce chairman and chief executive of Foothills said it 's too early to say whether Alaskan or Mackenzie delta gas would flow to market first


( S ( CC But ) ( NP-SBJ ( NNP Foothills ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB seek ) ( NP ( JJ regulatory ) ( NN approval ) ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( NP ( DT an ) ( JJ alternative ) ( NN line ) ) ( NP ( DT the ) ( NNP Alaska ) ( NNP Natural ) ( NNP Gas ) ( NNP Transportation ) ( NNP System ) ) ) ( ADVP-LOC ( RBR further ) ( RB north ) ( PP ( IN toward ) ( NP ( NNP Alaska ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But Foothills said it plans to seek regulatory approval to build an alternative line the Alaska Natural Gas Transportation System further north toward Alaska


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-1 ( DT that ) ( NN option ) ) ( VP ( VBZ is ) ( VP ( VBN favored ) ( PP ( IN by ) ( NP-LGS ( NN gas ) ( NNS buyers ) ( CC and ) ( NNS regulators ) ) ) ) ) ) ) ( NP-SBJ ( NNP Foothills ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB build ) ( NP ( NP ( DT another ) ( JJR smaller ) ( NN pipeline ) ) ( VP ( VBG connecting ) ( NP ( NNP Mackenzie ) ( NNP Delta ) ( NNS reserves ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NNP Alaska ) ( NN mainline ) ) ) ) ) ) ) ) ) ) )

If that option is favored by gas buyers and regulators Foothills said it would build another smaller pipeline connecting Mackenzie Delta reserves to the Alaska mainline


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( ADVP ( RB also ) ) ( ADJP-PRD ( JJ likely ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNS regulators ) ) ( VP ( MD will ) ( VP ( VB try ) ( S ( VP ( TO to ) ( VP ( VB forge ) ( NP ( NP ( DT some ) ( NN kind ) ) ( PP ( IN of ) ( NP ( NP ( NN consensus ) ) ( PP ( IN between ) ( NP ( DT the ) ( JJ would-be ) ( NN pipeline ) ( NNS builders ) ) ) ) ) ) ) ) ( PP-TMP ( IN before ) ( S-NOM ( VP ( VBG undertaking ) ( NP ( NP ( DT any ) ( NNS hearings ) ) ( PP ( IN into ) ( NP ( JJ rival ) ( NNS projects ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

It 's also likely that regulators will try to forge some kind of consensus between the would-be pipeline builders before undertaking any hearings into rival projects


( S ( NP-SBJ ( NP ( NNP Douglas ) ( NNP Stoneman ) ) ( NP ( NP ( NN vice ) ( NN president ) ) ( PP ( IN of ) ( NP ( NNP Shell ) ( NNP Canada ) ) ) ) ) ( VP ( VBD noted ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NNS producers ) ) ( VP ( MD would ) ( VP ( VB prefer ) ( S ( VP ( TO to ) ( VP ( VB avoid ) ( NP ( NP ( NNS hearings ) ) ( PP ( IN into ) ( NP ( VBG competing ) ( NNS proposals ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VP ( VB lengthen ) ( NP ( DT the ) ( JJ regulatory ) ( NN review ) ( NN process ) ) ) ( CC and ) ( VP ( VB bog ) ( PRT ( RP down ) ) ( NP ( NN development ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Douglas Stoneman vice president of Shell Canada noted that producers would prefer to avoid hearings into competing proposals that would lengthen the regulatory review process and bog down development


( S ( NP-SBJ ( NP ( NNP Interprovincial ) ( NNP Pipe ) ( NNP Line ) ( NNP Co. ) ) ( NP ( NP ( DT an ) ( NN oil ) ( NN pipeline ) ( NN operator ) ) ( VP ( VBN rumored ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBG mulling ) ( NP ( NP ( DT a ) ( NN gas ) ( NN pipeline ) ( NN proposal ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ own ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( IN that ) ) ( VP ( VBZ is ) ( RB n't ) ( PP-PRD ( IN in ) ( NP ( DT the ) ( NNS cards ) ) ) ) ) ) ) )

Interprovincial Pipe Line Co. an oil pipeline operator rumored to be mulling a gas pipeline proposal of its own said that is n't in the cards


( S ( ADVP ( RB Instead ) ) ( NP-SBJ ( NP ( NNP Richard ) ( NNP Haskayne ) ) ( NP ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( JJ chief ) ( NN executive ) ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Interprovincial ) ( POS 's ) ) ( JJ Calgary-based ) ( NN parent ) ) ( NP ( NNP Interhome ) ( NNP Energy ) ( NNP Inc. ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN company ) ) ( VP ( MD would ) ( VP ( VB prefer ) ( S ( VP ( TO to ) ( VP ( VB work ) ( PP-CLR ( IN with ) ( NP ( JJ other ) ( JJ interested ) ( NNS parties ) ) ) ( PP-CLR ( IN on ) ( NP ( DT a ) ( JJ joint ) ( NN proposal ) ) ) ) ) ) ) ) ) ) ) )

Instead Richard Haskayne president and chief executive of Interprovincial 's Calgary-based parent Interhome Energy Inc. said the company would prefer to work with other interested parties on a joint proposal


( S ( PP ( IN As ) ( PP ( IN for ) ( NP ( NP ( NNP Foothills ) ( POS ' ) ) ( JJ pre-emptive ) ( NN bid ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Haskayne ) ) ( VP ( VBD said ) ( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ gives ) ( NP ( PRP them ) ) ( NP ( NP ( DT some ) ( NN kind ) ) ( PP ( IN of ) ( NP ( NN priority ) ( NN position ) ) ) ) ) ) ) ) ) ) ( INTJ ( UH well ) ) ( NP-SBJ ( DT that ) ) ( VP ( POS 's ) ( NP-PRD ( PRP$ their ) ( NN strategy ) ) ) ) ) )

As for Foothills ' pre-emptive bid Mr. Haskayne said If they think it gives them some kind of priority position well that 's their strategy


( S ( PP ( VBG Concerning ) ( NP ( NP ( PRP$ your ) ( NNP Sept. ) ( CD 29 ) ( NN article ) ) ( S-HLN ( NP-SBJ ( NNP Retailers ) ) ( VP ( NNP Face ) ( NP ( NP ( NNP Cutbacks ) ) ( NP ( NNP Uncertain ) ( NNP Future ) ) ) ) ) ) ) ( NP-SBJ ( NP ( DT The ) ( NN outcome ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( VBN leveraged ) ( NN buyout ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG looking ) ( ADJP-PRD ( RB very ) ( JJ positive ) ) ) ) )

Concerning your Sept. 29 article Retailers Face Cutbacks Uncertain Future The outcome of our leveraged buyout is looking very positive


( S ( PP ( IN Unlike ) ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ other ) ( NNS retailers ) ) ( VP ( VBN mentioned ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN story ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Jos. ) ( NNP A. ) ( NNP Bank ) ( NNP Clothiers ) ( NNP Inc. ) ) ( VP ( VBZ is ) ( RB not ) ( PP-LOC-PRD ( IN in ) ( NP ( JJ serious ) ( JJ financial ) ( NNS problems ) ) ) ) )

Unlike most of the other retailers mentioned in the story Jos. A. Bank Clothiers Inc. is not in serious financial problems


( S ( NP-SBJ ( PRP We ) ) ( VP ( VP ( VBD did ) ( VP ( VB experience ) ( NP ( NP ( DT some ) ( NNS difficulties ) ) ( PP ( IN with ) ( NP ( DT the ) ( JJ initial ) ( NNP LBO ) ( NNS terms ) ) ) ) ) ) ( CC and ) ( PRN ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( PRP$ your ) ( NN article ) ) ( VP ( VBD made ) ( S ( ADJP-PRD ( JJ clear ) ) ) ) ) ) ) ( VP ( VP ( ADVP ( RB successfully ) ) ( VBN restructured ) ( NP ( PRP$ our ) ( NN debt ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ( NP-ADV ( NP ( NN something ) ) ( SBAR ( S ( NP-SBJ-2 ( DT those ) ( JJ other ) ( NNS retailers ) ) ( VP ( VBP have ) ( ADVP ( RB yet ) ) ( S ( VP ( TO to ) ( VP ( VB accomplish ) ) ) ) ) ) ) ) ) ) )

We did experience some difficulties with the initial LBO terms and as your article made clear successfully restructured our debt earlier this year something those other retailers have yet to accomplish


( S ( NP-SBJ ( PRP$ Your ) ) ( VP ( VP ( VBD were ) ( PP-LOC-PRD-1 ( IN on ) ( NP ( NN target ) ) ) ( PP-2 ( VBG regarding ) ( NP ( NN industry ) ( NNS problems ) ) ) ) ( CC but ) ( VP ( ADVP-LOC-PRD=1 ( JJ wide ) ( PP ( IN of ) ( NP ( DT the ) ( NN mark ) ) ) ) ( PP-LOC=2 ( IN in ) ( S-NOM ( VP ( VBG portraying ) ( NP ( NP ( DT the ) ( JJ financial ) ( NN health ) ) ( PP ( IN of ) ( NP ( DT this ) ( NN company ) ) ) ) ) ) ) ) ) )

Your were on target regarding industry problems but wide of the mark in portraying the financial health of this company


( NP ( NP ( NNP Chairman ) ( CC and ) ( NNP CEO ) ) ( NP ( NP ( NNP Jos. ) ( NNP A. ) ( NNP Bank ) ( NNP Clothiers ) ( NNP Inc. ) ) ( NP-LOC ( NP ( NNP Owings ) ( NNP Mills ) ) ( NP ( NNP Md ) ) ) ) )

Chairman and CEO Jos. A. Bank Clothiers Inc. Owings Mills Md


( S ( NP-SBJ ( NNP Louisiana-Pacific ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( NN board ) ) ( VP ( VBD authorized ) ( NP ( NP ( DT the ) ( NN purchase ) ) ( PP ( IN of ) ( NP ( NP ( QP ( RB as ) ( JJ many ) ( IN as ) ( CD five ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ common ) ( NNS shares ) ) ) ) ) ( PP ( IN for ) ( NP ( NP ( NN employee ) ( NN stock ) ( NNS plans ) ) ( CC and ) ( NP ( JJ other ) ( JJ general ) ( JJ corporate ) ( NNS purposes ) ) ) ) ) ) ) ) ) )

Louisiana-Pacific Corp. said its board authorized the purchase of as many as five million of its common shares for employee stock plans and other general corporate purposes


( S ( NP-SBJ ( DT The ) ( NNS forest-products ) ( NN concern ) ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBZ has ) ( NP ( NP ( QP ( RB about ) ( CD 38 ) ( CD million ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) )

The forest-products concern currently has about 38 million shares outstanding


( S ( PP-LOC ( IN In ) ( NP ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( JJ composite ) ( NN trading ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ) ) ) ) ( NP-SBJ ( NNP Louisiana-Pacific ) ( NNS shares ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( CD 39.25 ) ) ) ( ADVP ( RB down ) ( NP ( CD 37.5 ) ( NNS cents ) ) ) ) )

In yesterday 's composite trading on the New York Stock Exchange Louisiana-Pacific shares closed at 39.25 down 37.5 cents


( S ( NP-SBJ ( NNP Lone ) ( NNP Star ) ( NNP Technologies ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP$ its ) ( NNP Lone ) ( NNP Star ) ( NNP Steel ) ( NNP Co. ) ( NN unit ) ) ( VP ( VBD sued ) ( NP ( PRP it ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ federal ) ( NN court ) ) ( ADVP-LOC ( RB here ) ) ) ) ( S-ADV ( VP ( VBG seeking ) ( S ( VP ( TO to ) ( VP ( VB recover ) ( NP ( NP ( DT an ) ( NN intercompany ) ( NN receivable ) ) ( VP ( VBN valued ) ( PP-CLR ( IN at ) ( NP ( NP ( DT a ) ( NN minimum ) ) ( PP ( IN of ) ( NP ( QP ( CD 23 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Lone Star Technologies Inc. said its Lone Star Steel Co. unit sued it in federal court here seeking to recover an intercompany receivable valued at a minimum of 23 million


( S ( NP-SBJ-1 ( DT The ) ( NN lawsuit ) ) ( VP ( VBD was ) ( VP ( VBN filed ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( NNP Lone ) ( NNP Star ) ( NNP Steel ) ( POS 's ) ) ( JJ unsecured ) ( NNS creditors ) ( POS ' ) ) ( NN committee ) ) ) ( PP ( IN on ) ( NP ( NP ( NN behalf ) ) ( PP ( IN of ) ( NP ( NP ( NNP Lone ) ( NNP Star ) ( NNP Steel ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG operating ) ( PP-LOC ( IN under ) ( NP ( NP ( NNP Chapter ) ( CD 11 ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ federal ) ( NNP Bankruptcy ) ( NNP Code ) ) ) ) ) ( PP-TMP ( IN since ) ( NP ( NNP June ) ( CD 30 ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The lawsuit was filed by Lone Star Steel 's unsecured creditors ' committee on behalf of Lone Star Steel which has been operating under Chapter 11 of the federal Bankruptcy Code since June 30


( S ( NP-SBJ ( NNP Lone ) ( NNP Star ) ( NNP Technologies ) ) ( VP ( VBD said ) ( SBAR ( S ( S ( NP-SBJ ( NP ( PRP it ) ) ( CC and ) ( NP ( NP ( PRP$ its ) ( NN subsidiary ) ( POS 's ) ) ( NNS creditors ) ) ) ( VP ( VBP agree ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN parent ) ( NN company ) ) ( VP ( VBZ owes ) ( NP ( DT the ) ( NN unit ) ( NN money ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBP have ) ( RB n't ) ( VP ( VBN been ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB reach ) ( NP ( NP ( NN agreement ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN amount ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Lone Star Technologies said it and its subsidiary 's creditors agree that the parent company owes the unit money but they have n't been able to reach agreement on the amount


( S ( NP-SBJ ( NP ( NNP Judith ) ( NNP Elkin ) ) ( NP ( NP ( NN lawyer ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNS creditors ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS creditors ) ( NN group ) ) ( VP ( VP ( VBZ is ) ( VP ( VBG challenging ) ( NP ( NP ( JJ certain ) ( VBG accounting ) ( NNS entries ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN parent ) ( NN company ) ( POS 's ) ) ( NNS books ) ) ) ) ) ) ( CC and ) ( VP ( VBZ estimates ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN receivable ) ) ( VP ( VBN owed ) ( NP ( DT the ) ( NN steel ) ( NN company ) ) ) ) ( VP ( MD could ) ( VP ( VB be ) ( NP-PRD ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 40 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) )

Judith Elkin lawyer for the creditors said the creditors group is challenging certain accounting entries on the parent company 's books and estimates that the receivable owed the steel company could be as much as 40 million


( S ( NP-SBJ ( DT The ) ( NNP Lone ) ( NNP Star ) ( NNP Steel ) ( NN lawsuit ) ) ( ADVP ( RB also ) ) ( VP ( VBZ asks ) ( NP-2 ( DT the ) ( NN court ) ) ( S ( VP ( TO to ) ( VP ( VB rule ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Lone ) ( NNP Star ) ( NNP Technologies ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RB jointly ) ( JJ responsible ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 4.5 ) ( CD million ) ) ) ( NNP Lone ) ( NNP Star ) ( NNP Steel ) ( NN pension ) ( NN payment ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VP ( VBD was ) ( ADJP-PRD ( JJ due ) ) ) ( CC but ) ( VP ( VBD was ) ( RB n't ) ( VP ( VBD paid ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN parent ) ( NN company ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB recover ) ( NP ( DT the ) ( NN amount ) ) ( PP-CLR ( IN from ) ( NP ( PRP$ its ) ( NN subsidiary ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( DT the ) ( NN parent ) ( NN company ) ) ( VP ( VBZ makes ) ( NP ( DT the ) ( NN payment ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Lone Star Steel lawsuit also asks the court to rule that Lone Star Technologies is jointly responsible for a 4.5 million Lone Star Steel pension payment that was due but was n't paid in September and that the parent company ca n't recover the amount from its subsidiary if the parent company makes the payment


( S ( ADVP ( RB Separately ) ) ( NP-SBJ ( NNP Lone ) ( NNP Star ) ( NNP Technologies ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN bankruptcy ) ( NN court ) ) ( VP ( VBD granted ) ( NP ( NNP Lone ) ( NNP Star ) ( NNP Steel ) ) ( NP ( NP ( DT an ) ( NN extension ) ) ( PP ( IN until ) ( NP ( NN year ) ( NN end ) ) ) ( PP ( IN on ) ( NP ( NP ( PRP$ its ) ( JJ exclusive ) ( NN period ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB present ) ( NP ( DT a ) ( NN reorganization ) ( NN plan ) ) ) ) ) ) ) ) ) ) ) ) ) )

Separately Lone Star Technologies said the bankruptcy court granted Lone Star Steel an extension until year end on its exclusive period to present a reorganization plan


( S ( NP-SBJ-1 ( DT The ) ( JJ 120-day ) ( NN exclusivity ) ( NN period ) ) ( VP ( VBD was ) ( S ( VP ( TO to ) ( VP ( VB expire ) ( NP-TMP ( NN yesterday ) ) ) ) ) ) )

The 120-day exclusivity period was to expire yesterday


( S ( PP-LOC ( IN Under ) ( NP ( NNP Chapter ) ( CD 11 ) ) ) ( NP-SBJ-1 ( DT a ) ( NN company ) ) ( VP ( VP ( VBZ continues ) ( S ( VP ( TO to ) ( VP ( VB operate ) ) ) ) ) ( CC but ) ( VP ( VBZ is ) ( VP ( VBN protected ) ( PP-CLR ( IN from ) ( NP ( NN creditor ) ( NNS lawsuits ) ) ) ( SBAR-TMP ( IN while ) ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ tries ) ( S ( VP ( TO to ) ( VP ( VB work ) ( PRT ( RP out ) ) ( NP ( DT a ) ( NN plan ) ( S ( VP ( TO to ) ( VP ( VB pay ) ( NP ( PRP$ its ) ( NN debt ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Under Chapter 11 a company continues to operate but is protected from creditor lawsuits while it tries to work out a plan to pay its debt


( S ( NP-SBJ ( NNP Rymer ) ( NNP Foods ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( NN board ) ) ( VP ( VBD authorized ) ( NP ( NP ( DT the ) ( NN purchase ) ) ( PP ( IN of ) ( NP ( NP ( QP ( RB as ) ( JJ many ) ( IN as ) ( CD 500,000 ) ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ common ) ( NN stock ) ( NN purchase ) ( NNS warrants ) ) ) ) ) ( PP ( IN at ) ( NP ( NP ( DT a ) ( NN price ) ) ( PP ( IN of ) ( NP ( NP ( CD 4 ) ) ( NP-ADV ( DT a ) ( NN warrant ) ) ) ) ) ) ) ) ) ) ) )

Rymer Foods Inc. said its board authorized the purchase of as many as 500,000 of its common stock purchase warrants at a price of 4 a warrant


( S ( NP-SBJ ( NP ( DT The ) ( NN food ) ( NN company ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ has ) ( NP ( NP ( NP ( CD 720,000 ) ( NNS warrants ) ) ( CC and ) ( NP ( QP ( RB about ) ( CD 2.9 ) ( CD million ) ) ( JJ common ) ( NNS shares ) ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-3 ( PRP it ) ) ( VP ( MD may ) ( VP ( VB increase ) ( NP ( DT the ) ( NN offer ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB purchase ) ( NP ( NP ( DT any ) ( CC or ) ( DT all ) ( NNS warrants ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBP are ) ( VP ( ADVP-MNR ( RB properly ) ) ( VBN tendered ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The food company which has 720,000 warrants and about 2.9 million common shares outstanding said it may increase the offer to purchase any or all warrants that are properly tendered


( S ( NP-SBJ ( DT A ) ( NN warrant ) ) ( VP ( VBZ permits ) ( S ( NP-SBJ ( DT a ) ( NN holder ) ) ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( CD one ) ( NN share ) ) ( PP ( IN of ) ( NP ( JJ common ) ( NN stock ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( CD 17.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) )

A warrant permits a holder to acquire one share of common stock for 17.50 a share


( S ( NP-SBJ-1 ( DT The ) ( NNS warrants ) ) ( VP ( VP ( VBP expire ) ( PP-TMP-CLR ( IN on ) ( NP ( NNP Oct. ) ( CD 15 ) ( CD 1992 ) ) ) ) ( CC and ) ( VP ( MD may ) ( VP ( VB be ) ( VP ( VBN called ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN company ) ) ) ( PP-CLR ( IN at ) ( NP ( NP ( DT a ) ( NN price ) ) ( PP ( IN of ) ( NP ( CD 5.25 ) ) ) ) ) ) ) ) ) )

The warrants expire on Oct. 15 1992 and may be called by the company at a price of 5.25


( S ( NP-SBJ-1 ( DT The ) ( NN offer ) ) ( VP ( VBZ is ) ( VP ( VBN scheduled ) ( S ( VP ( TO to ) ( VP ( VB expire ) ( PP-TMP-CLR ( IN on ) ( NP ( NNP Nov. ) ( CD 28 ) ) ) ) ) ) ( SBAR-ADV ( IN unless ) ( S ( VP ( VBN extended ) ) ) ) ) ) )

The offer is scheduled to expire on Nov. 28 unless extended


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-SBJ ( NNP Rymer ) ) ( VP ( VBD closed ) ( NP-TMP ( NN yesterday ) ) ( PP-CLR ( IN at ) ( NP ( CD 10.875 ) ) ) ( ADVP ( RB down ) ( NP ( CD 12.5 ) ( NNS cents ) ) ) ) )

In New York Stock Exchange composite trading Rymer closed yesterday at 10.875 down 12.5 cents


( S ( NP-SBJ ( DT The ) ( JJ French ) ( NNP Economics ) ( NNP Ministry ) ) ( VP ( VBD approved ) ( NP ( NP ( DT a ) ( VBN planned ) ( NN asset ) ( NN swap ) ) ( PP ( IN between ) ( NP ( NP ( DT the ) ( NN defense ) ( CC and ) ( NNS electronics ) ( NN group ) ( NNP Thomson-CSF ) ( NNP S.A. ) ) ( CC and ) ( NP ( DT the ) ( NN bank ) ( NN group ) ( NNP Credit ) ( NNP Lyonnais ) ) ) ) ) ) )

The French Economics Ministry approved a planned asset swap between the defense and electronics group Thomson-CSF S.A. and the bank group Credit Lyonnais


( S ( NP-SBJ ( DT The ) ( NN ministry ) ) ( VP ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN swap ) ) ( SBAR ( WHNP-2 ( WHNP ( NNS details ) ) ( WHPP ( IN of ) ( WHNP ( WDT which ) ) ) ) ( S ( VP ( VBD were ) ( VP ( VBN disclosed ) ( NP-TMP ( JJ last ) ( NNP Thursday ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB allow ) ( S ( NP-SBJ ( DT both ) ( JJ state-controlled ) ( NNS companies ) ) ( VP ( TO to ) ( VP ( VB reinforce ) ( NP ( NP ( NNS operations ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( JJ main ) ( NNS markets ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD argued ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN move ) ) ( VP ( VBZ shows ) ( NP ( NP ( DT the ) ( NN dynamism ) ) ( PP ( IN of ) ( NP ( NP ( NNP France ) ( POS 's ) ) ( JJ state-sector ) ( NNS concerns ) ) ) ) ) ) ) ) ) )

The ministry said the swap details of which were disclosed last Thursday will allow both state-controlled companies to reinforce operations in their main markets and argued that the move shows the dynamism of France 's state-sector concerns


( S ( NP-SBJ ( DT The ) ( NN approval ) ) ( ADVP ( RB also ) ) ( VP ( VBZ ends ) ( NP ( NP ( DT any ) ( NN hope ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ ( NP ( NNP Banque ) ( NNP Nationale ) ( IN de ) ( NNP Paris ) ) ( NP ( DT another ) ( JJ state-sector ) ( NN bank ) ) ) ( VP ( MD might ) ( VP ( VB have ) ( VP ( VBN had ) ( PP ( IN about ) ( S-NOM ( VP ( VBG taking ) ( NP ( NP ( NP ( NNP Credit ) ( NNP Lyonnais ) ( POS 's ) ) ( NN place ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN accord ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The approval also ends any hope that Banque Nationale de Paris another state-sector bank might have had about taking Credit Lyonnais 's place in the accord


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD hinted ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( NN weekend ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN been ) ( ADJP-PRD ( JJ interested ) ( PP ( IN in ) ( NP ( NP ( DT a ) ( NN hook-up ) ) ( PP ( IN with ) ( NP ( NNP Thomson-CSF ) ) ) ) ) ) ) ) ) ) ) ) )

It hinted over the weekend that it would have been interested in a hook-up with Thomson-CSF


( S ( PP-LOC ( IN Under ) ( NP ( NP ( NNS details ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN accord ) ) ) ) ) ( NP-SBJ ( NNP Credit ) ( NNP Lyonnais ) ) ( VP ( MD will ) ( VP ( VB take ) ( NP ( NP ( QP ( RB slightly ) ( JJR more ) ( IN than ) ( CD 50 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NNP Thomson-CSF ) ( NNP Finance ) ) ) ) ( PP ( IN in ) ( NP ( NP ( NN exchange ) ) ( PP ( IN for ) ( NP ( NP ( QP ( RB about ) ( CD 14 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ own ) ( NNS shares ) ) ) ) ) ) ) ) ) )

Under details of the accord Credit Lyonnais will take slightly more than 50 % of Thomson-CSF Finance in exchange for about 14 % of its own shares


( S ( NP-SBJ ( DT The ) ( NN move ) ) ( VP ( VP ( MD will ) ( VP ( VB help ) ( S ( NP-SBJ ( DT the ) ( NN bank ) ) ( VP ( TO to ) ( VP ( VB keep ) ( PRT ( RP up ) ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ international ) ( NN solvency ) ( NNS ratios ) ) ( VP ( VBG being ) ( VP ( VBD phased ) ( PRT ( RP in ) ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP Bank ) ) ) ( PP ( IN for ) ( NP ( NNP International ) ( NNP Settlements ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( MD will ) ( ADVP ( RB also ) ) ( VP ( VB represent ) ( NP ( NP ( DT the ) ( JJ first ) ( NN time ) ) ( SBAR ( WHADVP-2 ( IN that ) ) ( S ( NP-SBJ-1 ( PRP$ its ) ( NN voting ) ( NNS shares ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN held ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( NN party ) ) ( ADJP ( ADJP ( JJ other ) ) ( PP ( IN than ) ( NP ( DT the ) ( NN government ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The move will help the bank to keep up with international solvency ratios being phased in by the Bank for International Settlements and will also represent the first time that its voting shares have been held by a party other than the government


( S ( NP-SBJ-2 ( DT An ) ( JJ ancient ) ( JJ red-figured ) ( JJ Greek ) ( NN kylix ) ( PRN ( CC or ) ( NN drinking ) ( NN cup ) ) ) ( VP ( VP ( VBD was ) ( VP ( VBN recovered ) ( ADVP-LOC ( RB backstage ) ( PP ( IN at ) ( NP ( NNP Sotheby ) ( POS 's ) ) ) ) ( NP-TMP ( DT this ) ( NN spring ) ) ) ) ( CC and ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN returned ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NNP Manhattan ) ( NN couple ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD lost ) ( NP ( PRP it ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN burglary ) ) ) ( ADVP-TMP ( NP ( CD three ) ( NNS years ) ) ( RB ago ) ) ) ) ) ) ) ) ) ) ) )

An ancient red-figured Greek kylix or drinking cup was recovered backstage at Sotheby 's this spring and has been returned to the Manhattan couple who lost it in a burglary three years ago


( S ( NP-SBJ ( NP ( NNP Robert ) ( NNP Guy ) ) ( NP ( NP ( DT an ) ( JJ associate ) ( NN curator ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NNP Princeton ) ( NNP Art ) ( NNP Museum ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBG previewing ) ( NP ( NP ( DT a ) ( NNP June ) ( NNS antiquities ) ( NN sale ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN auction ) ( NN house ) ) ) ) ( SBAR ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD recognized ) ( NP ( NP ( DT the ) ( NN kylix ) ) ( SBAR ( WHNP-3 ( WDT which ) ) ( S ( NP-SBJ ( PRP he ) ) ( PP ( IN as ) ( NP ( NP ( NP ( DT a ) ( NN specialist ) ) ( PP ( IN in ) ( NP ( JJ Attic ) ( NN pottery ) ) ) ) ( CC and ) ( NP ( NP ( DT a ) ( JJ careful ) ( NN reader ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Stolen ) ( NNP Art ) ( NNP Alert ) ) ( PP-LOC ( IN in ) ( NP ( NNP IFAR ) ( NNP Reports ) ) ) ) ) ) ) ) ( VP ( VBD knew ) ( SBAR ( S ( VP ( VBD was ) ( VP ( VBN stolen ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Robert Guy an associate curator at the Princeton Art Museum was previewing a June antiquities sale at the auction house when he recognized the kylix which he as a specialist in Attic pottery and a careful reader of the Stolen Art Alert in IFAR Reports knew was stolen


( S ( S ( NP-SBJ ( NP ( DT The ) ( NN timing ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NN visit ) ) ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ fortuitous ) ) ) ) ( S ( NP-SBJ-2 ( NP ( DT the ) ( NN man ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD had ) ( VP ( VBN brought ) ( NP ( PRP it ) ) ( ADVP-DIR ( RB in ) ) ( PP ( IN for ) ( NP ( DT an ) ( NN estimate ) ) ) ) ) ) ) ) ( VP ( VP ( VBD had ) ( VP ( VBN returned ) ( S-PRP ( VP ( TO to ) ( VP ( VB collect ) ( NP ( PRP it ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD was ) ( VP ( VBG waiting ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN hall ) ) ) ) ) ) ) )

The timing of his visit was fortuitous the man who had brought it in for an estimate had returned to collect it and was waiting in the hall


( S ( S ( S-PRP ( VP ( TO To ) ( VP ( VB confirm ) ( NP ( NP ( NNP Mr. ) ( NNP Guy ) ( POS 's ) ) ( NN identification ) ) ) ) ) ( NP-SBJ-3 ( NP ( NNP Sotheby ) ( POS 's ) ) ( CC and ) ( NP ( NNP IFAR ) ) ) ( VP ( VBD exchanged ) ( NP ( NNS photos ) ) ( PP-MNR ( IN by ) ( NP ( NN fax ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-2 ( DT the ) ( VBG waiting ) ( NN man ) ) ( S-ADV ( ADJP-PRD ( RB apparently ) ( JJ innocent ) ( PP ( IN of ) ( NP ( NN knowledge ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( NN kylix ) ) ( VP ( VBD was ) ( VP ( VBN stolen ) ) ) ) ) ) ) ) ) ( VP ( VBN agreed ) ( S ( VP ( TO to ) ( VP ( VB release ) ( NP ( PRP it ) ) ) ) ) ) ) )

To confirm Mr. Guy 's identification Sotheby 's and IFAR exchanged photos by fax and the waiting man apparently innocent of knowledge that the kylix was stolen agreed to release it


( S ( S ( NP-SBJ-1 ( DT The ) ( NN cup ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN insured ) ) ) ) ) ( CC and ) ( S ( PP-TMP ( IN in ) ( NP ( JJ short ) ( NN order ) ) ) ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBN given ) ( PRT ( RP over ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( NNP Chubb ) ( CC & ) ( NNP Son ) ( NN representative ) ) ) ) ) ) )

The cup had been insured and in short order it was given over to a Chubb & Son representative


( S ( NP-SBJ ( DT The ) ( JJ original ) ( NNS owners ) ) ( VP ( VP ( ADVP-MNR ( RB happily ) ) ( VBD repaid ) ( NP ( DT the ) ( NN claim ) ) ) ( CC and ) ( VP ( VBD took ) ( NP ( PRP$ their ) ( NN kylix ) ) ( ADVP-DIR ( NN home ) ) ) ) )

The original owners happily repaid the claim and took their kylix home


( S ( NP-SBJ-1 ( NP ( DT A ) ( JJ former ) ( NN curator ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Museum ) ) ( PP ( IN of ) ( NP ( NNP Cartoon ) ( NNP Art ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Rye ) ( NNP Brook ) ) ( NP ( NNP N.Y. ) ) ) ) ) ) ) ( VP ( VBD pleaded ) ( NP ( JJ guilty ) ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ) ) ( PP-CLR ( TO to ) ( S-NOM ( VP ( VBG stealing ) ( CC and ) ( VBG selling ) ( NP ( NP ( JJ original ) ( ADJP ( VBN signed ) ( CC and ) ( VBN dated ) ) ( JJ comic ) ( NNS strips ) ) ( PRN ( PP ( IN among ) ( NP ( PRP them ) ) ) ( NP ( NP ( NP ( NP ( CD 29 ) ( NNP Dick ) ( NNP Tracy ) ( NNS strips ) ) ( PP ( IN by ) ( NP-LGS ( NNP Chester ) ( NNP Gould ) ) ) ) ( NP ( NP ( CD 77 ) ( NNP Prince ) ( NNP Valiant ) ( NNP Sunday ) ( NNS cartoons ) ) ( PP ( IN by ) ( NP-LGS ( NNP Hal ) ( NNP Foster ) ) ) ) ( CC and ) ( NP ( DT a ) ( NN dozen ) ( NNP Walt ) ( NNP Disney ) ( NN animation ) ( NNS celluloids ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNP Barbara ) ( NNP Hammond ) ) ( NP ( NP ( DT the ) ( NN museum ) ( POS 's ) ) ( NN director ) ) ) ) ) ) ) ) ) ) ) )

A former curator of the Museum of Cartoon Art in Rye Brook N.Y. pleaded guilty in July to stealing and selling original signed and dated comic strips among them 29 Dick Tracy strips by Chester Gould 77 Prince Valiant Sunday cartoons by Hal Foster and a dozen Walt Disney animation celluloids according to Barbara Hammond the museum 's director


( S ( S-TPC-1 ( NP-SBJ-2 ( PRP He ) ) ( VP ( VBD sold ) ( NP ( PRP them ) ) ( PP-CLR ( ADVP ( RB well ) ) ( IN below ) ( NP ( NN market ) ( NN value ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB raise ) ( NP ( NN cash ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB pay ) ( PRT ( RP off ) ) ( NP ( NP ( VBG mounting ) ( NN credit-card ) ( NNS debts ) ) ( VP ( VBN incurred ) ( S-PRP ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NNS presents ) ) ( PP-BNF ( IN for ) ( NP ( PRP$ his ) ( NN girlfriend ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( PRP$ his ) ( NN attorney ) ) ( NP ( NNP Philip ) ( NNP Russell ) ) ) ( VP ( VBD told ) ( NP ( NNP IFAR ) ) ) )

He sold them well below market value to raise cash to pay off mounting credit-card debts incurred to buy presents for his girlfriend his attorney Philip Russell told IFAR


( S ( NP-SBJ ( NP ( DT The ) ( NN curator ) ) ( NP ( NP ( JJ 27-year-old ) ( NNP Sherman ) ( NNP Krisher ) ) ( PP ( IN of ) ( NP ( NP ( NNP Greenwich ) ) ( NP ( NNP Conn. ) ) ) ) ) ) ( VP ( VBD had ) ( VP ( VBN worked ) ( NP ( PRP$ his ) ( NN way ) ) ( PP-CLR ( IN up ) ( PP ( IN from ) ( NP ( NN janitor ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( CD seven ) ( NNS years ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN museum ) ) ) ) ) ) ) )

The curator 27-year-old Sherman Krisher of Greenwich Conn. had worked his way up from janitor in seven years at the museum


( S ( NP-SBJ-1 ( DT The ) ( NN theft ) ) ( VP ( VBD was ) ( VP ( VBN discovered ) ( NP-TMP ( RB early ) ( DT this ) ( NN year ) ) ( SBAR-TMP ( RB soon ) ( RB after ) ( S ( NP-SBJ ( NNP Ms. ) ( NNP Hammond ) ) ( VP ( VBD took ) ( NP ( PRP$ her ) ( NN post ) ) ) ) ) ) ) )

The theft was discovered early this year soon after Ms. Hammond took her post


( S ( NP-SBJ-1 ( VBG Sentencing ) ) ( VP ( VBD was ) ( VP ( VBN postponed ) ( PP-TMP-CLR ( IN on ) ( NP ( NNP Aug. ) ( CD 18 ) ) ) ( SBAR-TMP ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ-2 ( NNP Mr. ) ( NNP Krisher ) ) ( VP ( VBD was ) ( VP ( VBN hospitalized ) ( PP ( IN for ) ( NP ( NN depression ) ) ) ) ) ) ) ) ) )

Sentencing was postponed on Aug. 18 when Mr. Krisher was hospitalized for depression


( S ( NP-SBJ ( PRP$ His ) ( NNS efforts ) ( S ( VP ( TO to ) ( VP ( VB get ) ( PRT ( RP back ) ) ( NP ( DT the ) ( VBN stolen ) ( NNS strips ) ) ) ) ) ) ( VP ( VBD had ) ( VP ( VBN resulted ) ( PP-CLR ( IN in ) ( NP ( NP ( NN recovery ) ) ( PP ( IN of ) ( NP ( RB just ) ( CD three ) ) ) ) ) ) ) )

His efforts to get back the stolen strips had resulted in recovery of just three


( S ( CC But ) ( PP-TMP ( IN on ) ( NP ( NNP Oct. ) ( CD 6 ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( NP ( NP ( NN reason ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB celebrate ) ) ) ) ) ) ) )

But on Oct. 6 he had reason to celebrate


( S ( ADVP-TMP ( NP ( CD Two ) ( NNS days ) ) ( RBR earlier ) ) ( NP-SBJ ( PRP$ his ) ( NN attorney ) ) ( VP ( VBN met ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NNP Park ) ( NNP Avenue ) ( NN law ) ( NN office ) ) ) ( PP-CLR ( IN with ) ( NP ( NP ( DT a ) ( NN cartoon ) ( NN dealer ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD expected ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( NP ( CD 44 ) ) ( PP ( IN of ) ( NP ( DT the ) ( ADJP ( RBS most ) ( JJ important ) ) ( VBN stolen ) ( NNS strips ) ) ) ) ( PP-DTV ( TO to ) ( NP ( NNP Mr. ) ( NNP Russell ) ) ) ( PP-CLR ( IN for ) ( NP ( CD 62,800 ) ) ) ) ) ) ) ) ) ) ) ) )

Two days earlier his attorney met in a Park Avenue law office with a cartoon dealer who expected to sell 44 of the most important stolen strips to Mr. Russell for 62,800


( S ( S ( ADVP ( RB Instead ) ) ( NP-SBJ ( NNP New ) ( NNP York ) ( NNP City ) ( NNS police ) ) ( VP ( VBD seized ) ( NP ( DT the ) ( VBN stolen ) ( NNS goods ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Krisher ) ) ( VP ( VBD avoided ) ( NP ( NN jail ) ) ) ) )

Instead New York City police seized the stolen goods and Mr. Krisher avoided jail


( S ( NP-SBJ-1 ( PRP He ) ) ( VP ( VBD was ) ( VP ( VBN sentenced ) ( PP-CLR ( TO to ) ( NP ( NP ( NP ( CD 500 ) ( NNS hours ) ) ( PP ( IN of ) ( NP ( NN community ) ( NN service ) ) ) ) ( CC and ) ( NP ( NP ( NN restitution ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN museum ) ) ( PP ( IN of ) ( NP ( CD 45,000 ) ) ) ) ) ) ) ) ) ) )

He was sentenced to 500 hours of community service and restitution to the museum of 45,000


( S ( NP-SBJ ( NP ( NNS Authorities ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP London ) ( POS 's ) ) ( NNP Heathrow ) ( NNP Airport ) ) ) ) ( VP ( VBP are ) ( VP ( VBG investigating ) ( NP ( NP ( DT the ) ( NN disappearance ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NNP Paul ) ( NNP Gauguin ) ( NN watercolor ) ) ( NP-TTL ( NP ( NNP Young ) ( NNP Tahitian ) ( NNP Woman ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NNP Red ) ( NNP Pareo ) ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ has ) ( NP ( CD two ) ( NNS sketches ) ) ( PP-LOC ( IN on ) ( NP ( PRP$ its ) ( NN verso ) ( PRN ( JJ opposite ) ) ( NN side ) ) ) ) ) ) ) ) ) ) ) )

Authorities at London 's Heathrow Airport are investigating the disappearance of a Paul Gauguin watercolor Young Tahitian Woman in a Red Pareo that has two sketches on its verso opposite side


( S ( S-ADV ( VP ( VBN Valued ) ( PP-CLR ( IN at ) ( NP ( QP ( CD 1.3 ) ( CD million ) ) ) ) ) ) ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ four-crate ) ( NN shipment ) ) ) ) ) )

Valued at 1.3 million it was part of a four-crate shipment


( S ( S ( S ( NP-SBJ-1 ( DT The ) ( JJ air-waybill ) ( NN number ) ) ( VP ( VBD was ) ( VP ( VBN changed ) ( ADVP-LOC ( IN en ) ( NN route ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-2 ( NP ( NN paper ) ( NN work ) ) ( VP ( VBG showing ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNS crates ) ) ( VP ( VBD had ) ( VP ( VBN cleared ) ( NP ( NNS customs ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN misplaced ) ) ) ) ) ( IN so ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( NN week ) ) ( SBAR-TMP ( RB before ) ( S ( S ( NP-SBJ-3 ( NP ( CD three ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD four ) ( NNS crates ) ) ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP-4 ( VBN located ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( VBN bonded ) ( NN warehouse ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ=3-5 ( DT the ) ( NNP Gauguin ) ) ( VP=4 ( VBN discovered ) ( S ( ADJP-PRD ( VBG missing ) ) ) ) ) ) ) ) ) )

The air-waybill number was changed en route and paper work showing that the crates had cleared customs was misplaced so it was a week before three of the four crates could be located in a bonded warehouse and the Gauguin discovered missing


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( NNP Heathrow ) ( NNS authorities ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG watching ) ( NP ( NP ( DT a ) ( NN group ) ) ( PP ( IN of ) ( NP ( ADJP ( RB allegedly ) ( JJ crooked ) ) ( NN baggage ) ( NNS handlers ) ) ) ) ( PP-TMP ( IN for ) ( NP ( DT some ) ( NN time ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Gauguin ) ) ( VP ( MD may ) ( VP ( VB be ) ( ADJP-PRD ( VBN lost ) ) ) ) )

Although Heathrow authorities have been watching a group of allegedly crooked baggage handlers for some time the Gauguin may be lost


( S ( NP-SBJ ( NP ( NNP Chief ) ( NNP Inspector ) ( NNP Peter ) ( NNP Seacomb ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Criminal ) ( NNP Investigation ) ( NNP Department ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN airport ) ) ) ) ) ) ( VP ( VBD said ) ( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ is ) ( RB not ) ( ADJP-PRD ( JJ uncommon ) ) ( SBAR-1 ( IN for ) ( S ( NP-SBJ-2 ( NN property ) ) ( VP ( TO to ) ( VP ( VB be ) ( ADVP-TMP ( RB temporarily ) ) ( VP ( VBN mislaid ) ( CC or ) ( VBN misrouted ) ) ) ) ) ) ) ) ) )

Chief Inspector Peter Seacomb of the Criminal Investigation Department at the airport said It is not uncommon for property to be temporarily mislaid or misrouted


( S ( NP-SBJ ( NP ( NNS Officials ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NNP University ) ) ( PP ( IN of ) ( NP ( NNP Virginia ) ( NNP Art ) ( NNP Museum ) ) ) ) ) ) ( ADVP ( RB certainly ) ) ( VP ( MD would ) ( VP ( VB agree ) ) ) )

Officials at the University of Virginia Art Museum certainly would agree


( S ( NP-SBJ ( PRP$ Their ) ( NN museum ) ) ( VP ( VBD had ) ( VP ( VP ( VBN purchased ) ( NP ( DT an ) ( JJ Attic ) ( JJ black-figured ) ( NN column ) ( NN krater ) ) ) ( CC and ) ( VP ( VBD shipped ) ( NP ( PRP it ) ) ( PP-DIR ( IN from ) ( NP ( NNP London ) ) ) ) ) ) )

Their museum had purchased an Attic black-figured column krater and shipped it from London


( S ( NP-SBJ-1 ( PRP It ) ) ( VP ( VBD was ) ( VP ( VBN reported ) ( S ( VP ( VBN stolen ) ( PP-LOC ( IN in ) ( NP ( NN transit ) ) ) ( ADVP-LOC ( IN en ) ( NN route ) ( PP ( TO to ) ( NP ( NP ( NNP Washington ) ) ( NP ( NNP D.C. ) ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP February ) ) ) ) ) )

It was reported stolen in transit en route to Washington D.C. in February


( S ( ADVP-TMP ( NP ( NNS Months ) ) ( RB later ) ) ( NP-SBJ-1 ( DT the ) ( JJ Greek ) ( NN vase ) ) ( VP ( VBN arrived ) ( PP-MNR ( IN in ) ( NP ( JJ good ) ( NN condition ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NN museum ) ) ( PP-LOC ( IN in ) ( NP ( NNP Charlottesville ) ) ) ) ) ( S-ADV ( VP ( VBG having ) ( VP ( ADVP ( RB inexplicably ) ) ( VBN traveled ) ( PP ( IN by ) ( NP ( DT a ) ( JJ circuitous ) ( NN route ) ) ) ( PP ( IN through ) ( NP ( NNP Nairobi ) ) ) ) ) ) ) )

Months later the Greek vase arrived in good condition at the museum in Charlottesville having inexplicably traveled by a circuitous route through Nairobi


( S ( NP-SBJ-1 ( NP ( CD Two ) ( JJ Mexican ) ( NN college ) ( NNS dropouts ) ) ( RB not ) ( NP ( JJ professional ) ( NN art ) ( NNS thieves ) ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN arrested ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( CD 1985 ) ( NNP Christmas ) ( NNP Eve ) ( NN burglary ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NNP National ) ( NNP Museum ) ) ( PP ( IN of ) ( NP ( NNP Anthropology ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Mexico ) ( NNP City ) ) ) ) ) ) ) ) ) ) )

Two Mexican college dropouts not professional art thieves have been arrested for a 1985 Christmas Eve burglary from the National Museum of Anthropology in Mexico City


( S ( NP-SBJ-1 ( NP ( QP ( RB About ) ( CD 140 ) ) ( ADJP ( JJ Mayan ) ( JJ Aztec ) ( JJ Mixtec ) ( CC and ) ( JJ Zapotec ) ) ( NNS objects ) ) ( PP ( VBG including ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( NNP Mexico ) ( POS 's ) ) ( JJ best-known ) ( JJ archaeological ) ( NNS treasures ) ) ) ) ) ) ( VP ( VBD were ) ( VP ( VBN taken ) ) ) )

About 140 Mayan Aztec Mixtec and Zapotec objects including some of Mexico 's best-known archaeological treasures were taken


( S ( S ( NP-SBJ ( DT The ) ( NN government ) ) ( VP ( VBD offered ) ( NP ( NP ( DT a ) ( NN reward ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN return ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS antiquities ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( JJ routine ) ( NN police ) ( NN work ) ) ( VP ( VBN led ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN recovery ) ) ) ) ) )

The government offered a reward for the return of the antiquities but routine police work led to the recovery


( S ( SBAR-ADV ( IN As ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD turned ) ( PRT ( RP out ) ) ) ) ) ( NP-SBJ ( NP ( NNP Carlos ) ( NNP Perches ) ( NNP Trevino ) ) ( CC and ) ( NP ( NNP Ramon ) ( NNP Sardina ) ( NNP Garcia ) ) ) ( VP ( VBD had ) ( VP ( VBN hidden ) ( NP ( DT the ) ( NN haul ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN closet ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP Perches ) ( NN family ) ( POS 's ) ) ( NN home ) ) ) ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( NN year ) ) ) ) ) )

As it turned out Carlos Perches Trevino and Ramon Sardina Garcia had hidden the haul in a closet in the Perches family 's home for a year


( S ( ADVP-TMP ( RB Then ) ) ( NP-SBJ-1 ( PRP they ) ) ( VP ( VP ( VBD took ) ( NP ( DT the ) ( NN art ) ) ( PP-DIR ( TO to ) ( NP ( NNP Acapulco ) ) ) ) ( CC and ) ( VP ( VBD began ) ( S ( VP ( TO to ) ( VP ( VB trade ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP it ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NN cocaine ) ) ) ) ) ) ) ) )

Then they took the art to Acapulco and began to trade some of it for cocaine


( S ( NP-SBJ ( NP ( NN Information ) ) ( PP ( IN from ) ( NP ( DT an ) ( VBN arrested ) ( NN drug ) ( NN trafficker ) ) ) ) ( VP ( VBN led ) ( PP-DIR ( TO to ) ( NP ( NP ( DT the ) ( CD two ) ( NNS men ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN recovery ) ) ( PP ( IN of ) ( NP ( RB almost ) ( DT all ) ( DT the ) ( VBN stolen ) ( NN art ) ) ) ) ) ) ) )

Information from an arrested drug trafficker led to the two men and the recovery of almost all the stolen art


( S ( PP ( IN Among ) ( NP ( NP ( JJ other ) ( JJ happy ) ( NN news ) ( NNS bulletins ) ) ( PP ( IN from ) ( NP ( DT the ) ( NNP German ) ( NNP Democratic ) ( NNP Republic ) ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NNP Leipzig ) ( NNP Museum ) ) ( PP ( IN of ) ( NP ( NNP Fine ) ( NNP Arts ) ) ) ) ( VP ( VBD announced ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBN recovered ) ( NP ( NP-TTL ( NP ( NNP Cemetery ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Snow ) ) ) ) ( NP ( NP ( DT a ) ( NN painting ) ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( JJ German ) ( JJ Romantic ) ( NN painter ) ( NNP Caspar ) ( NNP David ) ( NNP Friedrich ) ) ) ) ) ) ) ) ) ) )

Among other happy news bulletins from the German Democratic Republic the Leipzig Museum of Fine Arts announced that it has recovered Cemetery in the Snow a painting by the German Romantic painter Caspar David Friedrich


( S ( S ( NP-SBJ ( NP ( DT The ) ( NN artist ) ( POS 's ) ) ( JJ melancholy ) ( NNS subjects ) ) ( VP ( VBP bring ) ( NP ( JJ high ) ( NNS prices ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NN world ) ( NN market ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ( NNP State ) ( NNP Department ) ) ( VP ( VBD notified ) ( NP ( NNP IFAR ) ) ( PP-CLR ( IN of ) ( NP ( DT the ) ( NN theft ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP February ) ( CD 1988 ) ) ) ) ) )

The artist 's melancholy subjects bring high prices on the world market and the U.S. State Department notified IFAR of the theft in February 1988


( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( NP ( DT a ) ( NN source ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NNP East ) ( NNP Europe ) ( NN desk ) ) ) ) ) ) ( NP-SBJ-1 ( CD two ) ( ADJP ( RB previously ) ( VBN convicted ) ) ( NNS felons ) ) ( VP ( VBD were ) ( VP ( VP ( VBN charged ) ) ( VP ( VBN tried ) ) ( VP ( VBN convicted ) ) ( CC and ) ( VP ( VBN sentenced ) ( PP-CLR ( TO to ) ( NP ( NP ( NN prison ) ( NNS terms ) ) ( PP ( IN of ) ( NP ( CD four ) ( CC and ) ( CD 12 ) ( NNS years ) ) ) ) ) ) ) ) )

According to a source at the East Europe desk two previously convicted felons were charged tried convicted and sentenced to prison terms of four and 12 years


( S ( NP-SBJ-1 ( NP ( DT The ) ( JJ precious ) ( NN canvas ) ) ( VP ( VBN cut ) ( PP-CLR ( IN from ) ( NP ( PRP$ its ) ( NN frame ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN time ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN theft ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN found ) ( PP-LOC ( IN in ) ( NP ( JJ nearby ) ( NNP Jena ) ) ) ( S-ADV ( VP ( VBN hidden ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN upholstery ) ) ( PP ( IN of ) ( NP ( DT an ) ( JJ easy ) ( NN chair ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN home ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN girlfriend ) ) ( PP ( IN of ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS thieves ) ) ) ) ) ) ) ) ) ) ) ) ) )

The precious canvas cut from its frame at the time of the theft was found in nearby Jena hidden in the upholstery of an easy chair in the home of the girlfriend of one of the thieves


( S ( NP-SBJ-1 ( DT No ) ( NNS charges ) ) ( VP ( VBD were ) ( VP ( VBN brought ) ( PP-CLR ( IN against ) ( NP ( PRP her ) ) ) ) ) )

No charges were brought against her


( S ( S ( NP-SBJ-1 ( FW Trompe ) ( FW l'oeil ) ( NN painting ) ) ( VP ( VBZ is ) ( VP ( VBN meant ) ( S ( VP ( TO to ) ( VP ( VB fool ) ( NP ( DT the ) ( NN eye ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NP ( NNP Robert ) ( NNP Lawrence ) ( NNP Trotter ) ) ( NP ( CD 35 ) ) ( PP ( IN of ) ( NP ( NP ( NNP Kennett ) ( NNP Square ) ) ( NP ( NNP Pa. ) ) ) ) ) ( VP ( VBD took ) ( NP ( PRP$ his ) ( NN fooling ) ) ( ADVP-MNR ( RB seriously ) ) ) ) )

Trompe l'oeil painting is meant to fool the eye but Robert Lawrence Trotter 35 of Kennett Square Pa. took his fooling seriously


( S ( NP-SBJ ( PRP He ) ) ( VP ( VP ( VBD painted ) ( NP ( CD one ) ) ( NP-ADV ( PRP himself ) ) ( PP-MNR ( IN in ) ( NP ( NP ( DT the ) ( NN style ) ) ( PP ( IN of ) ( NP ( NNP John ) ( NNP Haberle ) ) ) ) ) ) ( CC and ) ( VP ( VBD sold ) ( NP ( PRP it ) ) ( PP-MNR ( IN as ) ( NP ( DT a ) ( NN 19th-century ) ( NN original ) ) ) ( PP-DTV ( TO to ) ( NP ( NP ( JJ antique ) ( NNS dealers ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Woodbridge ) ) ( NP ( NNP Conn ) ) ) ) ) ) ) ) )

He painted one himself in the style of John Haberle and sold it as a 19th-century original to antique dealers in Woodbridge Conn


( S ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Trotter ) ( POS 's ) ) ( NN painting ) ) ( VP ( VBD showed ) ( NP ( NP ( DT a ) ( NN wall ) ) ( PP ( IN of ) ( NP ( NN wood ) ( NNS boards ) ) ) ( PP ( IN with ) ( NP ( NP ( VBN painted ) ( NNS ribbons ) ) ( VP ( VBD tacked ) ( PRT ( RP down ) ) ( PP ( IN in ) ( NP ( DT a ) ( NN rectangle ) ) ) ) ) ) ) ) ) ( SINV ( VP-TPC-1 ( VBN tucked ) ( PP-LOC ( IN behind ) ( NP ( DT the ) ( NNS ribbons ) ) ) ) ( VP ( VBD were ) ) ( NP-SBJ-2 ( NP ( NNS envelopes ) ) ( NP ( ADJP ( VBN folded ) ( VBN faded ) ( CC and ) ( VBN crumpled ) ) ( NNS papers ) ) ( CC and ) ( NP ( NN currency ) ) ) ) )

Mr. Trotter 's painting showed a wall of wood boards with painted ribbons tacked down in a rectangle tucked behind the ribbons were envelopes folded faded and crumpled papers and currency


( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Trotter ) ( POS 's ) ) ( JJ fake ) ( NNP Haberle ) ) ( VP ( VBD was ) ( VP ( VBN offered ) ( PP-CLR ( IN at ) ( NP ( NP ( DT a ) ( NN bargain ) ( NN price ) ) ( PP ( IN of ) ( NP ( CD 25,000 ) ) ) ) ) ( PP ( IN with ) ( NP ( DT a ) ( JJ phony ) ( NN story ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD belonged ) ( PP-CLR ( TO to ) ( NP ( NP ( NP ( PRP$ his ) ( NN wife ) ( POS 's ) ) ( JJ late ) ( NN aunt ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP New ) ( NNP Canaan ) ) ( NP ( NNP Conn ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Trotter 's fake Haberle was offered at a bargain price of 25,000 with a phony story that it belonged to his wife 's late aunt in New Canaan Conn


( S ( NP-SBJ-1 ( DT The ) ( NNS dealers ) ) ( VP ( VP ( ADVP-TMP ( RB immediately ) ) ( VBD showed ) ( NP ( PRP$ their ) ( JJ new ) ( NN acquisition ) ) ( PP-DTV ( TO to ) ( NP ( DT an ) ( NN expert ) ) ) ) ( CC and ) ( VP ( VBD came ) ( S ( VP ( TO to ) ( VP ( VB see ) ( NP ( PRP it ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN fake ) ) ) ) ) ) ) ) )

The dealers immediately showed their new acquisition to an expert and came to see it as a fake


( S ( NP-SBJ ( PRP They ) ) ( VP ( VP ( VBD persuaded ) ( NP-1 ( NNP Mr. ) ( NNP Trotter ) ) ( S ( VP ( TO to ) ( VP ( VB take ) ( NP ( PRP it ) ) ( PRT ( RB back ) ) ) ) ) ) ( CC and ) ( VP ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN help ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP FBI ) ) ) ) ) ( VBD taped ) ( NP ( NP ( PRP$ their ) ( NN conversation ) ) ( PP ( IN with ) ( NP ( PRP him ) ) ) ) ) ) )

They persuaded Mr. Trotter to take it back and with the help of the FBI taped their conversation with him


( S ( PP-TMP ( IN After ) ( NP ( PRP$ his ) ( NN arrest ) ) ) ( NP-SBJ-1 ( DT the ) ( NN forger ) ) ( VP ( VBN admitted ) ( PP-CLR ( TO to ) ( S-NOM ( VP ( VBG faking ) ( CC and ) ( VBG selling ) ( NP ( JJ other ) ( NNS paintings ) ) ( PP-LOC ( IN up ) ( CC and ) ( IN down ) ( NP ( DT the ) ( JJ Eastern ) ( NN seaboard ) ) ) ) ) ) ) )

After his arrest the forger admitted to faking and selling other paintings up and down the Eastern seaboard


( S ( NP-SBJ ( NNP Ms. ) ( NNP Lowenthal ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJ executive ) ( NN director ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NNP International ) ( NNP Foundation ) ) ( PP ( IN for ) ( NP ( NNP Art ) ( NNP Research ) ) ) ) ( PRN ( NP ( NNP IFAR ) ) ) ) ) ) ) )

Ms. Lowenthal is executive director of the International Foundation for Art Research IFAR


( NP-HLN ( NP ( NNP BROWN-FORMAN ) ( NNP Corp ) ) ( PRN ( NP-LOC ( NP ( NNP Louisville ) ) ( NP ( NNP Ky. ) ) ) ) )

BROWN-FORMAN Corp Louisville Ky.


( S ( NP-SBJ-1 ( NP ( NNP David ) ( NNP R. ) ( NNP Jackson ) ) ( RB formerly ) ( NP ( NP ( NN vice ) ( NN president ) ) ( NP ( NP ( VBG managing ) ( NN director ) ) ( PP ( IN of ) ( NP ( NP ( JJ corporate ) ( NNS communications ) ) ( PP ( IN for ) ( NP ( NNP Maxwell ) ( NNP Communication ) ( NNP Inc. ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN named ) ( S ( NP-PRD ( NP ( NN vice ) ( NN president ) ) ( CC and ) ( NP ( NP ( NN assistant ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( NP ( DT this ) ( NN maker ) ) ( PP ( IN of ) ( NP ( NP ( JJ alcoholic ) ( NNS beverages ) ) ( CC and ) ( NP ( NN consumer ) ( NNS products ) ) ) ) ) ) ) ) ) ) ) ) ) )

David R. Jackson formerly vice president managing director of corporate communications for Maxwell Communication Inc. was named vice president and assistant to the chairman of this maker of alcoholic beverages and consumer products


( S ( PP-TMP ( IN After ) ( NP ( DT a ) ( JJ bad ) ( NN start ) ) ) ( NP-SBJ-1 ( NNP Treasury ) ( NNS bonds ) ) ( VP ( VBD were ) ( VP ( VBN buoyed ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( JJ late ) ( NN burst ) ) ( PP ( IN of ) ( NP ( VBG buying ) ) ) ) ) ( S-ADV ( VP ( TO to ) ( VP ( VB end ) ( ADVP-CLR ( RB modestly ) ( RBR higher ) ) ) ) ) ) ) )

After a bad start Treasury bonds were buoyed by a late burst of buying to end modestly higher


( SINV ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN market ) ) ( VP ( VBD was ) ( ADJP-PRD ( RB pretty ) ( JJ dull ) ) ( PP-TMP ( IN for ) ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN day ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Robert ) ( NNP H. ) ( NNP Chandross ) ) ( NP ( NP ( NN vice ) ( NN president ) ) ( PP-LOC ( IN at ) ( NP ( NNP Lloyds ) ( NNP Bank ) ( NNP PLC ) ) ) ) ) )

The market was pretty dull for most of the day said Robert H. Chandross vice president at Lloyds Bank PLC


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT some ) ( NNS investors ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ reluctant ) ( S ( VP ( TO to ) ( VP ( VB plunge ) ( PP-DIR ( IN into ) ( NP ( DT the ) ( NN market ) ) ) ( ADVP ( RB ahead ) ( PP ( IN of ) ( NP ( NP ( NP ( JJ several ) ( JJ key ) ( JJ economic ) ( NNS indicators ) ) ( ADJP ( RB due ) ( NP-TMP ( DT this ) ( NN week ) ) ) ) ( RB especially ) ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( ADJP ( RB potentially ) ( JJ market-moving ) ) ( NN employment ) ( NN report ) ) ) ) ) ) ) ) ) ) ) ) ) )

He said some investors were reluctant to plunge into the market ahead of several key economic indicators due this week especially Friday 's potentially market-moving employment report


( S ( PP-TMP ( IN During ) ( NP ( NP ( DT the ) ( JJ first ) ( NN hour ) ) ( PP ( IN of ) ( NP ( NN trading ) ) ) ) ) ( NP-TMP ( NN yesterday ) ) ( NP-SBJ ( NNS prices ) ) ( VP ( VBD fell ) ( ADVP-EXT ( NP-ADV ( QP ( RB as ) ( RB much ) ( IN as ) ( CD 1\/4 ) ) ( NN point ) ) ( CC or ) ( ADVP ( RB down ) ( NP ( NP ( QP ( RB about ) ( CD 2.50 ) ) ) ( PP ( IN for ) ( NP ( DT each ) ( ADJP ( CD 1,000 ) ) ( NN face ) ( NN amount ) ) ) ) ) ) ) )

During the first hour of trading yesterday prices fell as much as 1\/4 point or down about 2.50 for each 1,000 face amount


( S ( CC But ) ( NP-SBJ-1 ( NN market ) ( NN activity ) ) ( VP ( VBD was ) ( VP ( VBN energized ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ-2 ( NNS investors ) ) ( VP ( VBD started ) ( S ( VP ( TO to ) ( VP ( VB view ) ( NP ( DT the ) ( JJR lower ) ( NN price ) ( NNS levels ) ) ( PP-CLR ( IN as ) ( ADJP ( JJ attractive ) ) ) ) ) ) ) ) ) ) ) )

But market activity was energized as investors started to view the lower price levels as attractive


( S ( CC And ) ( NP-SBJ-2 ( NP ( NP ( NP ( DT the ) ( NNP Treasury ) ( POS 's ) ) ( ADJP ( QP ( CD 17.6 ) ( CD billion ) ) ) ( NN auction ) ) ( PP ( IN of ) ( NP ( JJ short-term ) ( NNS bills ) ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD generated ) ( NP ( JJ strong ) ( NN buying ) ( NN interest ) ) ) ) ) ) ( VP ( VBD helped ) ( S ( VP ( TO to ) ( VP ( VB lift ) ( NP ( DT the ) ( NN bond ) ( NN market ) ) ( PP-DIR ( IN out ) ( PP ( IN of ) ( NP ( DT the ) ( NN doldrums ) ) ) ) ) ) ) ) )

And the Treasury 's 17.6 billion auction of short-term bills which generated strong buying interest helped to lift the bond market out of the doldrums


( SINV ( S-TPC-1 ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBD saw ) ( NP ( NP ( JJ good ) ( JJ retail ) ( NN demand ) ) ( PP ( IN by ) ( NP ( NP ( JJ small ) ( NNS banks ) ) ( NP ( NNS individuals ) ) ( CC and ) ( NP ( NNS institutions ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT that ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD one ) ( NN reason ) ) ( SBAR ( WHADVP-2 ( WRB why ) ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBD advanced ) ( ADVP-TMP ( RB late ) ( PP ( IN in ) ( NP ( DT the ) ( NN day ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Sung ) ( NNP Won ) ( NNP Sohn ) ) ( NP ( NP ( JJ senior ) ( NN vice ) ( NN president ) ( CC and ) ( JJ chief ) ( NN economist ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Norwest ) ( NNP Corp. ) ) ( NP ( NNP Minneapolis ) ) ) ) ) ) )

We saw good retail demand by small banks individuals and institutions and that is one reason why the market advanced late in the day said Sung Won Sohn senior vice president and chief economist at Norwest Corp. Minneapolis


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN change ) ) ( PP ( IN in ) ( NP ( NN sentiment ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBD reflected ) ( NP ( NNS perceptions ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN slate ) ) ( PP ( IN of ) ( NP ( JJ economic ) ( NN statistic ) ) ) ( ADJP ( RB due ) ( NP-TMP ( DT this ) ( NN week ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ conducive ) ( PP ( TO to ) ( NP ( DT a ) ( NN bond ) ( NN market ) ( NN rally ) ) ) ) ) ) ) ) ) ) ) ) ) )

He said the change in sentiment also reflected perceptions that the slate of economic statistic due this week will be conducive to a bond market rally


( S ( NP-SBJ-2 ( NP ( DT The ) ( NN employment ) ( NN report ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD will ) ( VP ( VB provide ) ( NP ( NP ( DT the ) ( JJ first ) ( JJ official ) ( NN measure ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN economy ) ( POS 's ) ) ( NN strength ) ) ( PP-TMP ( IN in ) ( NP ( NNP October ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB show ) ( NP ( NP ( JJR smaller ) ( NNS gains ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN generation ) ) ( PP ( IN of ) ( NP ( JJ new ) ( NNS jobs ) ) ) ) ) ) ) ) ) ) ) )

The employment report which will provide the first official measure of the economy 's strength in October is expected to show smaller gains in the generation of new jobs


( S ( NP-SBJ ( NP ( JJ Other ) ( JJ key ) ( JJ economic ) ( NNS indicators ) ) ( ADJP ( RB due ) ( NP-TMP ( DT this ) ( NN week ) ) ) ) ( VP ( VBP include ) ( NP ( NP ( NP ( NN today ) ( POS 's ) ) ( NN release ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP September ) ( VBG leading ) ( NNS indicators ) ( NN index ) ) ( CC and ) ( NP ( JJ new-home ) ( NNS sales ) ) ) ) ) ) )

Other key economic indicators due this week include today 's release of the September leading indicators index and new-home sales


( S ( S ( NP-TMP ( NNP Tomorrow ) ) ( NP-SBJ ( DT the ) ( NNP October ) ( NN purchasing ) ( NNS managers ) ( NN report ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ due ) ) ) ) ( CC and ) ( SINV ( PP-TMP ( IN on ) ( NP ( NNP Thursday ) ) ) ( VP ( VBZ comes ) ) ( NP-SBJ ( NNP October ) ( JJ chain-store ) ( NNS sales ) ) ) )

Tomorrow the October purchasing managers report is due and on Thursday comes October chain-store sales


( S ( PP ( IN Despite ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( JJ modest ) ( NN bond ) ( NN market ) ( NNS gains ) ) ) ( NP-SBJ ( NNS economists ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( NNS investors ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ anxious ) ( PP ( IN about ) ( NP ( NP ( NP ( DT the ) ( NNP Treasury ) ( POS 's ) ) ( JJ huge ) ( NN quarterly ) ( VBG refunding ) ) ( PP ( IN of ) ( NP ( NN government ) ( NN debt ) ) ) ( SBAR ( WHNP-1 ( WHNP ( DT the ) ( NN timing ) ) ( WHPP ( IN of ) ( WHNP ( WDT which ) ) ) ) ( S ( VP ( VBZ depends ) ( PP-CLR ( IN on ) ( NP ( JJ Congressional ) ( NNS efforts ) ( S ( VP ( TO to ) ( VP ( VB raise ) ( NP ( DT the ) ( NN debt ) ( NN ceiling ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Despite yesterday 's modest bond market gains economists say investors are anxious about the Treasury 's huge quarterly refunding of government debt the timing of which depends on Congressional efforts to raise the debt ceiling


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( DT the ) ( NNP Treasury ) ) ( VP ( MD will ) ( VP ( VB announce ) ( NP ( NP ( NNS details ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP November ) ( NN refunding ) ) ) ) ( NP-TMP ( NN tomorrow ) ) ) ) ) ) ( NP-SBJ-1 ( PRP it ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP ( VBN delayed ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ-2 ( NP ( NNP Congress ) ) ( CC and ) ( NP ( NNP President ) ( NNP Bush ) ) ) ( VP ( VBP fail ) ( S ( VP ( TO to ) ( VP ( VB increase ) ( NP ( NP ( DT the ) ( NNP Treasury ) ( POS 's ) ) ( NN borrowing ) ( NN capacity ) ) ) ) ) ) ) ) ) ) ) )

Although the Treasury will announce details of the November refunding tomorrow it could be delayed if Congress and President Bush fail to increase the Treasury 's borrowing capacity


( S ( NP-SBJ-1 ( DT The ) ( NN debt ) ( NN ceiling ) ) ( VP ( VBZ is ) ( VP ( VBN scheduled ) ( S ( VP ( TO to ) ( VP ( VB fall ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 2.8 ) ( CD trillion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 2.87 ) ( CD trillion ) ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( NN midnight ) ) ( NP-TMP ( NN tonight ) ) ) ) ) ) ) ) ) )

The debt ceiling is scheduled to fall to 2.8 trillion from 2.87 trillion at midnight tonight


( S ( NP-SBJ ( NP ( DT The ) ( NNP Treasury ) ( POS 's ) ) ( NN benchmark ) ( JJ 30-year ) ( NN bond ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 1\/8 ) ( NN point ) ) ) )

The Treasury 's benchmark 30-year bond rose 1\/8 point


( S ( S ( NP-SBJ ( JJ Mortgage-backed ) ( NNS securities ) ) ( VP ( VBD were ) ( ADVP-PRD ( RB up ) ( NP ( QP ( JJR less ) ( IN than ) ( CD 1\/8 ) ) ( NN point ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( JJ investment-grade ) ( JJ corporate ) ( NNS bonds ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ unchanged ) ) ) ) )

Mortgage-backed securities were up less than 1\/8 point and investment-grade corporate bonds were unchanged


( S ( NP-SBJ ( NP ( JJ Strong ) ( NN demand ) ) ( PP ( IN for ) ( NP ( NP ( NNP New ) ( NNP York ) ( NNP City ) ( POS 's ) ) ( ADJP ( QP ( CD 813 ) ( CD million ) ) ) ( JJ general ) ( NN obligation ) ( NNS bonds ) ) ) ) ( VP ( VBN propped ) ( PRT ( RP up ) ) ( NP ( DT the ) ( JJ municipal ) ( NN market ) ) ) )

Strong demand for New York City 's 813 million general obligation bonds propped up the municipal market


( S ( NP-SBJ ( NNS Traders ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( JJS most ) ( JJ municipal ) ( NNS bonds ) ) ( VP ( VBD ended ) ( ADVP-CLR ( NP ( CD 1\/2 ) ( NN point ) ) ( RBR higher ) ) ) ) ) ) )

Traders said most municipal bonds ended 1\/2 point higher


( S ( NP-SBJ ( DT The ) ( NNP New ) ( NNP York ) ( NNP City ) ( NN issue ) ) ( VP ( VBD included ) ( NP ( NP ( QP ( CD 757 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( JJ tax-exempt ) ( NNS bonds ) ) ( VP ( VBN priced ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( QP ( IN between ) ( CD 6.50 ) ( NN % ) ( TO to ) ( CD 7.88 ) ( NN % ) ) ) ( PP ( VBG depending ) ( PP ( IN on ) ( NP ( DT the ) ( NN maturity ) ) ) ) ) ) ) ) ) ) ) ) )

The New York City issue included 757 million of tax-exempt bonds priced to yield between 6.50 % to 7.88 % depending on the maturity


( S ( NP-SBJ-1 ( NP ( DT The ) ( QP ( CD 56 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( NNP New ) ( NNP York ) ( POS 's ) ) ( JJ taxable ) ( JJ general ) ( NN obligation ) ( NNS bonds ) ) ) ) ( VP ( VBD were ) ( VP ( VBN priced ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( QP ( IN between ) ( CD 9.125 ) ( NN % ) ( TO to ) ( CD 9.90 ) ( NN % ) ) ) ) ) ) ) ) )

The 56 million of New York 's taxable general obligation bonds were priced to yield between 9.125 % to 9.90 %


( S ( SBAR-ADV ( IN As ) ( S ( VP ( VBN expected ) ) ) ) ( NP-SBJ ( DT the ) ( JJ longer-term ) ( JJ tax-exempt ) ( NNP New ) ( NNP York ) ( NNS bonds ) ) ( VP ( VBD had ) ( NP ( NP ( NNS yields ) ) ( ADJP ( ADJP ( RB nearly ) ( RB as ) ( JJ high ) ) ( PP ( IN as ) ( NP ( NP ( DT those ) ) ( PP ( IN on ) ( NP ( JJ taxable ) ( JJ long-term ) ( NNP Treasury ) ( NNS bonds ) ) ) ) ) ) ) ) )

As expected the longer-term tax-exempt New York bonds had yields nearly as high as those on taxable long-term Treasury bonds


( S ( NP-SBJ ( NP ( DT The ) ( NN yield ) ) ( PP ( IN on ) ( NP ( DT the ) ( JJ benchmark ) ( JJ 30-year ) ( NNP Treasury ) ( NN bond ) ) ) ) ( VP ( VBD ended ) ( NP-TMP ( NN yesterday ) ) ( PP-CLR ( IN at ) ( NP ( QP ( RB about ) ( CD 7.92 ) ) ( NN % ) ) ) ) )

The yield on the benchmark 30-year Treasury bond ended yesterday at about 7.92 %


( S ( NP-SBJ ( NN Bond ) ( NNS dealers ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NNS rates ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ long-term ) ( JJ tax-exempt ) ( NNP New ) ( NNP York ) ( NNP City ) ( NNS bonds ) ) ) ) ( VP ( VBD were ) ( PP-PRD ( IN among ) ( NP ( NP ( DT the ) ( JJS highest ) ) ( PP ( IN as ) ( NP ( NP ( DT a ) ( NN percentage ) ) ( PP ( IN of ) ( NP ( NNP Treasury ) ( NNS rates ) ) ) ) ) ( PP ( IN for ) ( NP ( NP ( DT any ) ( NNP New ) ( NNP York ) ( NNP City ) ( NN issue ) ) ( PP-LOC ( IN in ) ( NP ( JJ recent ) ( NN memory ) ) ) ) ) ) ) ) ) ) ) )

Bond dealers said the rates for the long-term tax-exempt New York City bonds were among the highest as a percentage of Treasury rates for any New York City issue in recent memory


( S ( NP-SBJ ( NP ( DT A ) ( NN spokesman ) ) ( PP ( IN for ) ( NP ( NNP New ) ( NNP York ) ( NNP City ) ( NNP Comptroller ) ( NNP Harrison ) ( NNP Goldin ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( JJ high ) ( NNS rates ) ) ( VP ( VBP reflect ) ( NP ( NP ( NNS investors ) ( NNS concerns ) ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( NN city ) ( POS 's ) ) ( NX ( NX ( JJ financial ) ( NN health ) ) ( CC and ) ( NX ( JJ political ) ( NNS uncertainties ) ) ) ) ) ) ) ) ) ) )

A spokesman for New York City Comptroller Harrison Goldin said the high rates reflect investors concerns about the city 's financial health and political uncertainties


( S ( NP-SBJ ( NP ( NNP New ) ( NNP York ) ( NNS bonds ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN hammered ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS weeks ) ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( VBG pending ) ( NN supply ) ) ( CC and ) ( NP ( NNS reports ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN city ) ( POS 's ) ) ( NN economy ) ) ( VP ( VBZ is ) ( VP ( VBG growing ) ( ADJP-PRD ( JJR weaker ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 1\/2 ) ( NN point ) ) ( NP-TMP ( NN yesterday ) ) ) )

New York bonds which have been hammered in recent weeks on the pending supply and reports that the city 's economy is growing weaker rose 1\/2 point yesterday


( NP-HLN ( NNP Treasury ) ( NNP Securities ) )

Treasury Securities


( S ( NP-SBJ ( NNP Treasury ) ( NNS bonds ) ) ( VP ( VBD ended ) ( ADVP-CLR ( RB slightly ) ( RBR higher ) ) ( PP-LOC ( IN in ) ( NP ( JJ light ) ( VBG trading ) ) ) ) )

Treasury bonds ended slightly higher in light trading


( S ( NP-SBJ ( DT The ) ( NN benchmark ) ( JJ 30-year ) ( NN bond ) ) ( VP ( VBN ended ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( CD 102 ) ( CD 7\/32 ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 7.92 ) ( NN % ) ) ) ) ) ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NN price ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 102 ) ( CD 2\/32 ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 7.93 ) ( NN % ) ) ) ) ) ) ) ) ) ) ) ) )

The benchmark 30-year bond ended at 102 7\/32 to yield 7.92 % compared with Friday 's price of 102 2\/32 to yield 7.93 %


( S ( NP-SBJ ( DT The ) ( JJS latest ) ( JJ 10-year ) ( NNS notes ) ) ( VP ( VBD ended ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( RB about ) ( CD 100 ) ( CD 16\/32 ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 7.90 ) ( NN % ) ) ) ) ) ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( QP ( CD 100 ) ( CD 11\/32 ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 7.93 ) ( NN % ) ) ) ) ) ) ( PP-TMP ( IN on ) ( NP ( NNP Friday ) ) ) ) ) ) ) )

The latest 10-year notes ended at about 100 16\/32 to yield 7.90 % compared with 100 11\/32 to yield 7.93 % on Friday


( S ( NP-SBJ ( JJ Short-term ) ( NN interest ) ( NNS rates ) ) ( VP ( VBD rose ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NN government ) ( POS 's ) ) ( JJ regular ) ( JJ weekly ) ( NN Treasury-bill ) ( NN auction ) ) ) ) )

Short-term interest rates rose at the government 's regular weekly Treasury-bill auction


( S ( S ( NP-SBJ ( NP ( DT The ) ( JJ average ) ( NN discount ) ( NN rate ) ) ( PP ( IN on ) ( NP ( JJ three-month ) ( NNS bills ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( CD 7.78 ) ( NN % ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( DT the ) ( NN rate ) ) ( PP ( IN on ) ( NP ( JJ six-month ) ( NNS bills ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( CD 7.62 ) ( NN % ) ) ) ) )

The average discount rate on three-month bills was 7.78 % and the rate on six-month bills was 7.62 %


( S ( NP-SBJ ( DT Those ) ( NNS rates ) ) ( VP ( VBP are ) ( ADVP-PRD ( RB up ) ( PP ( IN from ) ( NP ( NP ( NP ( CD 7.52 ) ( NN % ) ) ( CC and ) ( NP ( CD 7.50 ) ( NN % ) ) ( ADVP ( RB respectively ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( JJ last ) ( NN week ) ( POS 's ) ) ( NN auction ) ) ) ) ) ) ) )

Those rates are up from 7.52 % and 7.50 % respectively at last week 's auction


( S ( PP-PRP ( JJ Due ) ( TO to ) ( NP ( NP ( DT the ) ( NNP Treasury ) ( POS 's ) ) ( NN need ) ( S ( VP ( TO to ) ( VP ( VB raise ) ( NP ( NNS funds ) ) ( ADVP-MNR ( RB quickly ) ) ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( DT the ) ( JJ current ) ( NN authority ) ( S ( VP ( TO to ) ( VP ( VB issue ) ( NP ( NN debt ) ) ) ) ) ) ( VP ( VBZ expires ) ( PP-TMP ( IN at ) ( NP ( NN midnight ) ) ) ( NP-TMP ( NN tonight ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NP ( NN yesterday ) ( POS 's ) ) ( NN auction ) ) ( VP ( VBD was ) ( VP ( VBN structured ) ( ADVP-MNR ( RB differently ) ( PP ( IN from ) ( NP ( JJ previous ) ( NNS sales ) ) ) ) ) ) )

Due to the Treasury 's need to raise funds quickly before the current authority to issue debt expires at midnight tonight yesterday 's auction was structured differently from previous sales


( S ( NP-SBJ ( NP ( DT The ) ( NNP Treasury ) ( NNS bills ) ) ( VP ( VBD sold ) ( NP-TMP ( NN yesterday ) ) ) ) ( VP ( VB settle ) ( NP-TMP ( NP ( NN today ) ) ( PP ( RB rather ) ( IN than ) ( NP ( NP ( DT the ) ( JJ standard ) ( NN settlement ) ( NN day ) ) ( PP ( IN of ) ( NP ( NNP Thursday ) ) ) ) ) ) ) )

The Treasury bills sold yesterday settle today rather than the standard settlement day of Thursday


( S ( CC And ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( DT the ) ( JJ early ) ( NN settlement ) ) ) ( S ( NP-SBJ ( DT the ) ( JJ three-month ) ( NNS bills ) ) ( ADVP ( RB actually ) ) ( VP ( VBP have ) ( NP ( DT a ) ( JJ 93-day ) ( NN maturity ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( JJ six-month ) ( NNS bills ) ) ( VP ( VBP have ) ( NP ( DT an ) ( JJ 184-day ) ( NN maturity ) ) ) ) )

And because of the early settlement the three-month bills actually have a 93-day maturity and the six-month bills have an 184-day maturity


( S ( PP-PRP ( IN Because ) ( IN of ) ( NP ( DT the ) ( JJ early ) ( NN settlement ) ) ) ( NP-SBJ-1 ( DT the ) ( NNP Federal ) ( NNP Reserve ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ unable ) ( S ( VP ( TO to ) ( VP ( VB purchase ) ( NP ( NP ( NNS bills ) ) ( PP ( IN for ) ( NP ( PRP$ its ) ( NN system ) ( NN account ) ) ) ) ) ) ) ) ) )

Because of the early settlement the Federal Reserve was unable to purchase bills for its system account


( S ( ADVP ( RB However ) ) ( NP-SBJ ( NNS analysts ) ) ( VP ( VBP expect ) ( S ( NP-SBJ ( DT the ) ( NNP Fed ) ) ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( NNP Treasury ) ( NNS bills ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD were ) ( VP ( VBN auctioned ) ( NP-TMP ( NN yesterday ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ secondary ) ( NN market ) ) ) ) ) ) ) ) ) ) ) ) )

However analysts expect the Fed to buy Treasury bills that were auctioned yesterday in the secondary market


( S ( NP-SBJ ( DT The ) ( NNP Treasury ) ) ( ADVP ( RB also ) ) ( VP ( VBD held ) ( NP ( NP ( DT a ) ( ADJP ( RB hastily ) ( VBN scheduled ) ) ( ADJP ( QP ( CD 2 ) ( CD billion ) ) ) ( NN sale ) ) ( PP ( IN of ) ( NP ( JJ 51-cash ) ( NN management ) ( NNS bills ) ) ) ) ( NP-TMP ( NN yesterday ) ) ) )

The Treasury also held a hastily scheduled 2 billion sale of 51-cash management bills yesterday


( SINV ( ADVP-LOC-PRD-TPC-1 ( RB Here ) ) ( VP ( VBP are ) ) ( NP-SBJ ( NP ( NNS details ) ) ( PP ( IN of ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( ADJP ( JJ three-month ) ( CC and ) ( JJ six-month ) ) ( NN bill ) ( NN auction ) ) ) ) )

Here are details of yesterday 's three-month and six-month bill auction


( S ( NP-SBJ-1 ( NNS Rates ) ) ( VP ( VBP are ) ( VP ( VBN determined ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN difference ) ) ( PP ( IN between ) ( NP ( DT the ) ( NN purchase ) ( NN price ) ( CC and ) ( NN face ) ( NN value ) ) ) ) ) ) ) )

Rates are determined by the difference between the purchase price and face value


( S ( ADVP ( RB Thus ) ) ( NP-SBJ ( JJR higher ) ( NN bidding ) ) ( VP ( VBZ narrows ) ( NP ( NP ( DT the ) ( NN investor ) ( POS 's ) ) ( NN return ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( JJR lower ) ( NN bidding ) ) ( VP ( VBZ widens ) ( NP ( PRP it ) ) ) ) ) ) )

Thus higher bidding narrows the investor 's return while lower bidding widens it


( S ( NP-SBJ-1 ( DT The ) ( NN percentage ) ( NNS rates ) ) ( VP ( VBP are ) ( VP ( VBN calculated ) ( PP-CLR ( IN on ) ( NP ( DT a ) ( JJ 360-day ) ( NN year ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ-2 ( DT the ) ( NN coupon ) ( JJ equivalent ) ( NN yield ) ) ( VP ( VBZ is ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( NP ( DT a ) ( JJ 365-day ) ( NN year ) ) ) ) ) ) ) ) ) )

The percentage rates are calculated on a 360-day year while the coupon equivalent yield is based on a 365-day year


( S ( NP-SBJ-1 ( DT Both ) ( NNS issues ) ) ( VP ( VBP are ) ( VP ( VBN dated ) ( NP-TMP ( NNP Oct. ) ( CD 31 ) ) ) ) )

Both issues are dated Oct. 31


( S ( S ( NP-SBJ ( DT The ) ( JJ 13-week ) ( NNS bills ) ) ( VP ( VBP mature ) ( NP-TMP-CLR ( NNP Feb. ) ( CD 1 ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( JJ 26-week ) ( NNS bills ) ) ( VP ( VBP mature ) ( NP-TMP-CLR ( NNP May ) ( CD 3 ) ( CD 1990 ) ) ) ) )

The 13-week bills mature Feb. 1 and the 26-week bills mature May 3 1990


( SINV ( ADVP-LOC-PRD-TPC-1 ( RB Here ) ) ( VP ( VBP are ) ) ( NP-SBJ ( NP ( NP ( NNS details ) ) ( PP ( IN of ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( JJ 51-day ) ( NN cash ) ( NN management ) ( NN bill ) ( NN auction ) ) ) ) ) )

Here are details of yesterday 's 51-day cash management bill auction


( NP ( NP ( NN Interest ) ( NN rate ) ) ( NP ( CD 8.07 ) ( NN % ) ) )

Interest rate 8.07 %


( S ( NP-SBJ ( DT The ) ( NNS bills ) ) ( VP ( VP ( VBP are ) ( VP ( VBN dated ) ( NP-TMP-CLR ( NNP Oct. ) ( CD 31 ) ) ) ) ( CC and ) ( VP ( NNP mature ) ( NP-TMP-CLR ( NNP Dec. ) ( CD 21 ) ( CD 1989 ) ) ) ) )

The bills are dated Oct. 31 and mature Dec. 21 1989


( NP-HLN ( NNP Corporate ) ( NNP Issues ) )

Corporate Issues


( S ( NP-SBJ ( NP ( DT The ) ( NN junk ) ( NN bond ) ( NNS prices ) ) ( PP ( IN of ) ( NP ( NNP Western ) ( NNP Union ) ( NNP Corp. ) ) ) ) ( VP ( VBD tumbled ) ( SBAR-TMP ( RB after ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB proceed ) ( PP-CLR ( IN with ) ( NP ( NP ( DT an ) ( NN exchange ) ( NN offer ) ) ( PP ( TO to ) ( NP ( NP ( NNS holders ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN reset ) ( NNS notes ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The junk bond prices of Western Union Corp. tumbled after the company said it wo n't proceed with an exchange offer to holders of its reset notes