( S ( NP-SBJ ( NP ( NP ( NNP Skipper ) ( POS 's ) ) ( NNP Inc. ) ) ( NP-LOC ( NP ( NNP Bellevue ) ) ( NP ( NNP Wash. ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD signed ) ( NP ( DT a ) ( JJ definitive ) ( NN merger ) ( NN agreement ) ( SBAR ( IN for ) ( S ( NP-SBJ ( DT a ) ( NNP National ) ( NNP Pizza ) ( NNP Corp. ) ( NN unit ) ) ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( DT the ) ( CD 90.6 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NNP Skipper ) ( POS 's ) ) ( NNP Inc. ) ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB own ) ) ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NP ( CD 11.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( CC or ) ( NP ( QP ( RB about ) ( CD 28.1 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Skipper 's Inc. Bellevue Wash. said it signed a definitive merger agreement for a National Pizza Corp. unit to acquire the 90.6 % of Skipper 's Inc. it does n't own for 11.50 a share or about 28.1 million


( S ( NP-SBJ-1 ( NP ( NNP NP ) ( NNP Acquisition ) ( NNP Co. ) ) ( NP ( DT a ) ( NNP National ) ( NNP Pizza ) ( NN unit ) ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB begin ) ( NP ( NP ( DT a ) ( NN tender ) ( NN offer ) ) ( PP ( IN for ) ( NP ( NNP Skipper ) ( POS 's ) ) ) ) ( PP-TMP ( IN on ) ( NP ( NNP Friday ) ) ) ( PP ( VBN conditioned ) ( PP ( IN on ) ( NP ( NP ( QP ( IN at ) ( JJS least ) ( NNS two-thirds ) ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Skipper ) ( POS 's ) ) ( NNS shares ) ) ( VP ( VBG being ) ( VP ( VBN tendered ) ) ) ) ) ) ) ) ) ) ) ) )

NP Acquisition Co. a National Pizza unit plans to begin a tender offer for Skipper 's on Friday conditioned on at least two-thirds of Skipper 's shares being tendered


( S ( NP-SBJ ( ADJP ( NNP Pittsburg ) ( JJ Kan.-based ) ) ( NNP National ) ( NNP Pizza ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN transaction ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN financed ) ( PP-LOC ( IN under ) ( NP ( PRP$ its ) ( JJ revolving ) ( NN credit ) ( NN agreement ) ) ) ) ) ) ) ) ) )

Pittsburg Kan.-based National Pizza said the transaction will be financed under its revolving credit agreement


( S ( PP-LOC ( IN In ) ( NP ( JJ national ) ( JJ over-the-counter ) ( NN trading ) ) ) ( NP-SBJ ( NP ( NNP Skipper ) ( POS 's ) ) ( NNS shares ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 50 ) ( NNS cents ) ) ( PP-DIR ( TO to ) ( NP ( CD 11 ) ) ) ) )

In national over-the-counter trading Skipper 's shares rose 50 cents to 11


( S ( NP-SBJ ( NP ( NNP Skipper ) ( POS 's ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN merger ) ) ( VP ( MD will ) ( VP ( VB help ) ( S ( VP ( VB finance ) ( NP ( NP ( NN remodeling ) ) ( CC and ) ( NP ( JJ future ) ( NN growth ) ) ) ) ) ) ) ) ) ) )

Skipper 's said the merger will help finance remodeling and future growth


( S ( S ( NP-SBJ ( NP ( NNP Skipper ) ( POS 's ) ) ) ( VP ( ADVP-TMP ( RB previously ) ) ( VBD turned ) ( PRT ( RP down ) ) ( NP ( NP ( DT a ) ( ADJP ( JJ 10-a-share ) ) ( NN proposal ) ) ( PP ( IN from ) ( NP ( NNP National ) ( NNP Pizza ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Pizza ) ( NNP Hut ) ( NNP Inc. ) ) ( VP ( VBD questioned ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( DT the ) ( NN purchase ) ) ( VP ( MD would ) ( VP ( VB violate ) ( NP ( NP ( NNP National ) ( NNP Pizza ) ( POS 's ) ) ( NN franchise ) ( NNS agreements ) ) ) ) ) ) ) ) )

Skipper 's previously turned down a 10-a-share proposal from National Pizza and Pizza Hut Inc. questioned whether the purchase would violate National Pizza 's franchise agreements


( S ( NP-SBJ ( NNP National ) ( NNP Pizza ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD settled ) ( NP ( NP ( PRP$ its ) ( NN dispute ) ) ( PP ( IN with ) ( NP ( NNP Pizza ) ( NNP Hut ) ) ) ) ( S-ADV ( VP ( VBG allowing ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( TO to ) ( VP ( VB make ) ( NP ( DT the ) ( NN purchase ) ) ) ) ) ) ) ) ) ) ) )

National Pizza said it settled its dispute with Pizza Hut allowing it to make the purchase


( S ( S-TPC-2 ( ADVP ( RB Also ) ) ( NP-SBJ-1 ( NP ( NNP Skipper ) ( POS 's ) ) ( NNS results ) ) ( VP ( VBD began ) ( S ( VP ( TO to ) ( VP ( VB turn ) ( PRT ( RP around ) ) ( S-ADV ( VP ( VBG permitting ) ( NP ( DT a ) ( JJR higher ) ( NN offer ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP National ) ( NNP Pizza ) ) ( VP ( VBD said ) ) )

Also Skipper 's results began to turn around permitting a higher offer National Pizza said


( S ( PP-TMP ( IN For ) ( NP ( NP ( DT the ) ( CD 12 ) ( NNS weeks ) ) ( VP ( VBN ended ) ( NP-TMP-CLR ( NNP Sept. ) ( CD 3 ) ) ) ) ) ( NP-SBJ ( NP ( NNP Skipper ) ( POS 's ) ) ) ( VP ( VBD had ) ( NP ( NP ( JJ net ) ( NN income ) ) ( PP ( IN of ) ( NP ( NP ( CD 361,000 ) ) ( CC or ) ( NP ( NP ( CD 13 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( JJ net ) ( NN loss ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) )

For the 12 weeks ended Sept. 3 Skipper 's had net income of 361,000 or 13 cents a share compared with a net loss a year earlier


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD was ) ( NP-PRD ( QP ( CD 19.9 ) ( CD million ) ) ) ) )

Revenue was 19.9 million


( S ( NP-SBJ ( NP ( NNP Hughes ) ( NNP Aircraft ) ( NNP Co. ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP General ) ( NNP Motors ) ( NNP Corp. ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB purchase ) ( NP ( NP ( DT the ) ( NNP Electro-Optics ) ( NNP Technology ) ( NN division ) ) ( PP ( IN of ) ( NP ( NNP Perkin-Elmer ) ( NNP Corp ) ) ) ) ) ) ) ) ) ) ) )

Hughes Aircraft Co. a unit of General Motors Corp. said it agreed to purchase the Electro-Optics Technology division of Perkin-Elmer Corp


( S ( NP-SBJ-1 ( NP ( NNS Terms ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN agreement ) ) ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBN disclosed ) ) ) )

Terms of the agreement were n't disclosed


( S ( CC But ) ( PP ( IN for ) ( NP ( NP ( NP ( DT the ) ( JJ fiscal ) ( NN year ) ) ( VP ( VBN ended ) ( NP-TMP-CLR ( NNP July ) ( CD 31 ) ( CD 1988 ) ) ) ) ( NP ( NP ( DT the ) ( RBS most ) ( JJ recent ) ( NN period ) ) ( SBAR ( WHPP-1 ( IN for ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NNS results ) ) ( VP ( VBD were ) ( VP ( VBN broken ) ( PRT ( RP out ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Perkin-Elmer ) ( NN unit ) ) ( VP ( VBD accounted ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( JJR more ) ( IN than ) ( PDT half ) ( DT the ) ( CD 145 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNS sales ) ) ) ( VP ( VBN recorded ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN government ) ( NNS systems ) ( NN sector ) ) ) ) ) ) ) )

But for the fiscal year ended July 31 1988 the most recent period for which results were broken out the Perkin-Elmer unit accounted for more than half the 145 million in sales recorded by the company 's government systems sector


( S ( NP-SBJ ( NP ( NNP Perkin-Elmer ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ is ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Norwalk ) ) ( NP ( NNP Conn. ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( DT the ) ( NAC-LOC ( NNP Danbury ) ( NNP Conn. ) ) ( NN unit ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ consistent ) ( PP ( IN with ) ( NP ( NP ( PRP$ its ) ( VBG restructuring ) ( NN strategy ) ) ( VP ( VBD announced ) ( PP-TMP ( IN in ) ( NP ( NNP April ) ) ) ) ) ) ) ) ) ) ) )

Perkin-Elmer which is based in Norwalk Conn. said the sale of the Danbury Conn. unit is consistent with its restructuring strategy announced in April


( S ( PP ( IN In ) ( NP ( NP ( NN addition ) ) ( PP ( TO to ) ( S-NOM ( VP ( VBG making ) ( NP ( JJ electro-optical ) ( NNS systems ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN unit ) ) ( ADVP ( RB also ) ) ( VP ( VBZ makes ) ( NP ( NN laser ) ( NN warning ) ( NNS receivers ) ) ) )

In addition to making electro-optical systems the unit also makes laser warning receivers


( S ( NP-SBJ-1 ( DT These ) ) ( VP ( VBP are ) ( VP ( VBN used ) ( PP-LOC ( IN aboard ) ( NP ( JJ military ) ( NNS helicopters ) ) ) ( S-PRP-CLR ( VP ( TO to ) ( VP ( VB warn ) ( NP ( NNS pilots ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( DT a ) ( NN laser ) ( NN weapon ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN focused ) ( PP-CLR ( IN on ) ( NP ( PRP them ) ) ) ) ) ) ) ) ) ) ) ) ) )

These are used aboard military helicopters to warn pilots that a laser weapon has been focused on them


( S ( NP-SBJ ( NP ( NNP Hughes ) ) ( PP ( IN of ) ( NP ( NNP Los ) ( NNP Angeles ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NNP PerkinElmer ) ( NN unit ) ( POS 's ) ) ( NN work ) ) ( VP ( VBZ complements ) ( NP ( NP ( NNS efforts ) ) ( PP ( IN by ) ( NP ( NP ( PRP$ its ) ( UCP ( NNP Electro-Optical ) ( CC and ) ( NNP Data ) ( NNP Systems ) ) ( NN group ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ makes ) ( NP ( NP ( JJ infrared ) ( NNS sensors ) ) ( NP ( JJ military ) ( NNS lasers ) ) ( CC and ) ( NP ( NN night ) ( NN vision ) ( NN equipment ) ) ) ) ) ) ) ) ) ) ) ) ) )

Hughes of Los Angeles said the PerkinElmer unit 's work complements efforts by its Electro-Optical and Data Systems group which makes infrared sensors military lasers and night vision equipment


( S ( NP-SBJ ( NNP Hughes ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ expects ) ( S ( NP-SBJ ( DT the ) ( NN sale ) ) ( VP ( TO to ) ( VP ( VB close ) ( PP-TMP ( IN by ) ( NP ( NN year ) ( NN end ) ) ) ) ) ) ) ) ) ) )

Hughes said it expects the sale to close by year end


( S ( NP-SBJ ( NNP Congress ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( JJ critical ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Bush ) ( NN administration ) ) ) ( PP ( IN for ) ( S-NOM ( VP ( RB not ) ( VBG sending ) ( NP ( JJ enough ) ( NN aid ) ) ( PP-DTV ( TO to ) ( NP ( NNP Poland ) ) ) ) ) ) ) ( SBAR-ADV ( IN so ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBG getting ) ( ADJP-PRD ( JJ ready ) ( S ( VP ( TO to ) ( VP ( VB send ) ( NP ( NP ( PRP$ its ) ( JJ own ) ( NN version ) ) ( PP ( IN of ) ( NP ( DT a ) ( NNP CARE ) ( NN package ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Congress has been critical of the Bush administration for not sending enough aid to Poland so it is getting ready to send its own version of a CARE package


( S ( NP-TMP ( JJ Last ) ( NN month ) ) ( NP-SBJ-1 ( DT the ) ( NNP Senate ) ) ( VP ( VBD voted ) ( S ( VP ( TO to ) ( VP ( VB send ) ( NP-2 ( NP ( DT a ) ( NN delegation ) ) ( PP ( IN of ) ( NP ( JJ congressional ) ( NNS staffers ) ) ) ) ( PP-DIR ( TO to ) ( NP ( NNP Poland ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB assist ) ( NP ( NP ( PRP$ its ) ( NN legislature ) ) ( NP ( DT the ) ( NNP Sejm ) ) ) ( PP-CLR ( IN in ) ( NP ( JJ democratic ) ( NNS procedures ) ) ) ) ) ) ) ) ) ) )

Last month the Senate voted to send a delegation of congressional staffers to Poland to assist its legislature the Sejm in democratic procedures


( S ( NP-SBJ ( NNP Senator ) ( NNP Pete ) ( NNP Domenici ) ) ( VP ( VBZ calls ) ( S ( NP-SBJ ( DT this ) ( NN effort ) ) ( NP-PRD ( NP ( DT the ) ( JJ first ) ( NN gift ) ) ( PP ( IN of ) ( NP ( NN democracy ) ) ) ) ) ) )

Senator Pete Domenici calls this effort the first gift of democracy


( S ( NP-SBJ-1 ( DT The ) ( NNS Poles ) ) ( VP ( MD might ) ( VP ( VB do ) ( ADVP-CLR ( RBR better ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB view ) ( NP ( PRP it ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NNP Trojan ) ( NNP Horse ) ) ) ) ) ) ) ) )

The Poles might do better to view it as a Trojan Horse


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( JJ vast ) ( NN shadow ) ( NN government ) ) ( PP ( IN of ) ( NP ( CD 15,000 ) ( JJ congressional ) ( NNS staffers ) ) ) ( SBAR ( WHNP-2 ( IN that ) ) ( S ( VP ( VBZ helps ) ( S ( VP ( VB create ) ( NP ( NP ( JJ such ) ( JJ legislative ) ( NNS atrocities ) ) ( PP ( IN as ) ( NP ( NP ( DT the ) ( CD 1,376 ) ( NN page ) ( JJ 13-pound ) ( NN reconciliation ) ( NN bill ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD claimed ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( NP ( DT the ) ( NN budget ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP United ) ( NNP States ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

It is the vast shadow government of 15,000 congressional staffers that helps create such legislative atrocities as the 1,376 page 13-pound reconciliation bill that claimed to be the budget of the United States


( S ( ADVP ( RB Maybe ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( DT the ) ( NNS staffers ) ) ( VP ( VBP explain ) ( NP ( PRP$ their ) ( NN work ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NNS Poles ) ) ) ) ) ) ( NP-SBJ-1 ( PRP they ) ) ( VP ( MD 'd ) ( VP ( VB be ) ( ADJP-PRD ( JJ willing ) ( S ( VP ( TO to ) ( VP ( VP ( VB come ) ( ADVP-CLR ( RB back ) ) ) ( CC and ) ( VP ( VB do ) ( NP ( DT the ) ( JJ same ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ American ) ( NNS people ) ) ) ) ) ) ) ) ) ) )

Maybe after the staffers explain their work to the Poles they 'd be willing to come back and do the same for the American people


( S ( NP-SBJ ( NP ( NP ( NNP Ambassador ) ( NNP Paul ) ( NNP Nitze ) ( POS 's ) ) ( NN statement ) ) ( PRN ( NP ( NP-TTL ( NNP Notable ) ( CC & ) ( NNP Quotable ) ) ( NP-TMP ( NNP Sept. ) ( CD 20 ) ) ) ) ( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP have ) ( NP ( NP ( DT a ) ( CD million ) ( NNS people ) ) ( VP ( VBG working ) ( PP ( IN for ) ( NP ( PRP you ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( DT every ) ( JJ bad ) ( NN thing ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ has ) ( NP ( NP ( CD one ) ( NN chance ) ) ( PP ( IN in ) ( NP ( DT a ) ( CD million ) ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG going ) ( ADVP-CLR ( NN wrong ) ) ) ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB go ) ( ADVP-CLR ( JJ wrong ) ) ( ADVP-TMP ( ADVP ( IN at ) ( JJS least ) ) ( IN once ) ( NP-ADV ( DT a ) ( NN year ) ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( ADJP ( RB pretty ) ( JJ negative ) ) ( NN way ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG looking ) ( PP-CLR ( IN at ) ( NP ( NNS things ) ) ) ) ) ) ) ) )

Ambassador Paul Nitze 's statement Notable & Quotable Sept. 20 If you have a million people working for you every bad thing that has one chance in a million of going wrong will go wrong at least once a year is a pretty negative way of looking at things


( SQ ( VBZ Is ) ( RB n't ) ( NP-SBJ ( NP ( PRP it ) ) ) ( ADJP-PRD ( RB just ) ( RB as ) ( JJ fair ) ) ( S-1 ( VP ( TO to ) ( VP ( VB say ) ( SBAR ( IN that ) ( S ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP have ) ( NP ( NP ( DT a ) ( CD million ) ( NNS people ) ) ( VP ( VBG working ) ( PP ( IN for ) ( NP ( PRP you ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( DT every ) ( JJ good ) ( NN thing ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ has ) ( NP ( NP ( CD one ) ( NN chance ) ) ( PP ( IN in ) ( NP ( DT a ) ( CD million ) ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG going ) ( ADVP-CLR ( NN right ) ) ) ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB go ) ( ADVP-CLR ( RB right ) ) ( ADVP-TMP ( ADVP ( IN at ) ( JJS least ) ) ( IN once ) ( NP-ADV ( DT a ) ( NN year ) ) ) ) ) ) ) ) ) ) )

Is n't it just as fair to say that if you have a million people working for you every good thing that has one chance in a million of going right will go right at least once a year


( S ( VP ( VBP Do ) ( RB n't ) ( VP ( VB be ) ( NP-PRD ( JJ such ) ( DT a ) ( NN pessimist ) ) ( NP-VOC ( NNP Mr. ) ( NNP Ambassador ) ) ) ) )

Do n't be such a pessimist Mr. Ambassador


Frank Tremdine


( S ( NP-SBJ ( NN Commodity ) ( NNS futures ) ( NNS prices ) ) ( ADVP ( RB generally ) ) ( VP ( VBD reflected ) ( NP ( NP ( DT the ) ( NN stability ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ( PP-TMP ( VBG following ) ( NP ( NP ( PRP$ its ) ( NN plunge ) ) ( NP-TMP ( NNP Friday ) ) ) ) ) )

Commodity futures prices generally reflected the stability of the stock market following its plunge Friday


( S ( NP-TMP ( NN Yesterday ) ) ( NP-SBJ ( NP ( DT the ) ( NN stock ) ( NN market ) ( POS 's ) ) ( NN influence ) ) ( PP-TMP ( IN at ) ( ADJP ( JJ first ) ) ) ( VP ( VBD created ) ( NP ( NN nervousness ) ) ) )

Yesterday the stock market 's influence at first created nervousness


( S ( ADVP-TMP ( RB Later ) ) ( ADVP ( RB however ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD became ) ( ADJP-PRD ( ADJP ( JJR more ) ( PP ( IN of ) ( NP ( DT an ) ( NN undercurrent ) ) ) ) ( PP ( IN than ) ( NP ( DT a ) ( JJ dominating ) ( NN force ) ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( JJ individual ) ( NNS markets ) ) ( VP ( VBD reacted ) ( ADVP ( RBR more ) ) ( PP-CLR ( TO to ) ( NP ( PRP$ their ) ( JJ own ) ( NNS factors ) ) ) ) ) ) ) )

Later however it became more of an undercurrent than a dominating force as individual markets reacted more to their own factors


( S ( NP-SBJ-1 ( NP ( NNP Gold ) ) ( NP ( NP ( DT the ) ( JJ traditional ) ( NN haven ) ) ( PP-TMP ( IN in ) ( NP ( NP ( NNS times ) ) ( PP ( IN of ) ( NP ( JJ financial ) ( NN crisis ) ) ) ) ) ) ) ( VP ( VBD continued ) ( NP ( NP ( PRP$ its ) ( JJ inverse ) ( NN lockstep ) ) ( PP ( IN with ) ( NP ( DT the ) ( NN dollar ) ) ) ) ( S-ADV ( VP ( VP ( VBG rising ) ( ADVP-TMP ( RB early ) ( PP ( IN in ) ( NP ( DT the ) ( NN day ) ) ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN currency ) ) ( VP ( VBD fell ) ) ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB then ) ) ( VBG giving ) ( PRT ( RP up ) ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS gains ) ) ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN dollar ) ) ( VP ( VBD recovered ) ) ) ) ) ) ) ) )

Gold the traditional haven in times of financial crisis continued its inverse lockstep with the dollar rising early in the day as the currency fell and then giving up some of its gains as the dollar recovered


( S ( NP-SBJ ( NP ( NN Copper ) ) ( CC and ) ( NP ( NN crude ) ( NN oil ) ) ) ( VP ( VBD reacted ) ( ADVP-MNR ( RB sharply ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN concern ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT a ) ( NN crash ) ) ( NP-TMP ( NN yesterday ) ) ( VP ( MD could ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( ADJP ( RB potentially ) ( VBG devastating ) ) ( NN effect ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN economy ) ) ) ) ) ) ) ) ) ) ) )

Copper and crude oil reacted sharply to the concern that a crash yesterday could have a potentially devastating effect on the economy


( S ( NP-SBJ ( NNP Copper ) ) ( VP ( VP ( VBD fell ) ) ( CC and ) ( VP ( VBD showed ) ( NP ( JJ little ) ( NN rebound ) ) ( PP-TMP ( IN through ) ( NP ( DT the ) ( NN day ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ-3 ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ major ) ( NN supply ) ( NNS problems ) ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBG supporting ) ( NP ( NNS prices ) ) ) ) ) ) ) ) ( VP ( VBD appeared ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN solved ) ) ) ) ) ) ) ) ) ) )

Copper fell and showed little rebound through the day as one of the major supply problems that had been supporting prices appeared to be solved


( S ( S ( NP-SBJ ( JJ Crude ) ( NN oil ) ) ( VP ( VBD declined ) ( ADVP-TMP ( RB early ) ) ) ) ( CC but ) ( S ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBD retained ) ( NP ( JJ early ) ( NNS gains ) ) ) ) ) ( NP-SBJ-1 ( PRP it ) ) ( ADVP ( RB too ) ) ( VP ( VBD became ) ( ADJP-PRD ( JJR stronger ) ) ( S-ADV ( VP ( VBG ending ) ( PP-MNR ( IN with ) ( NP ( DT a ) ( JJ small ) ( NN net ) ( NN loss ) ) ) ) ) ) ) )

Crude oil declined early but as the stock market retained early gains it too became stronger ending with a small net loss


( S ( NP-SBJ ( NP ( NN Trading ) ) ( PP ( IN in ) ( NP ( NN cotton ) ( CC and ) ( NN sugar ) ) ) ) ( VP ( VP ( VBD was ) ( ADJP-PRD ( JJ nervous ) ) ) ( CC and ) ( VP ( VBD showed ) ( NP ( JJ small ) ( NNS declines ) ) ) ) )

Trading in cotton and sugar was nervous and showed small declines


( S ( PP-LOC ( IN In ) ( NP ( NNP Chicago ) ) ) ( NP-SBJ ( NN grain ) ( CC and ) ( NN soybean ) ( NNS prices ) ) ( VP ( VBD rose ) ( ADVP-MNR ( RB slightly ) ) ) )

In Chicago grain and soybean prices rose slightly


( S ( NP-SBJ ( NN Livestock ) ( CC and ) ( NN meat ) ( NNS prices ) ) ( ADVP ( RB however ) ) ( VP ( VBD dropped ) ( PP-CLR ( IN on ) ( NP ( NN concern ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT a ) ( JJ financial ) ( NN crisis ) ) ( VP ( MD would ) ( VP ( VB cut ) ( NP ( NP ( NN consumption ) ) ( PP ( IN of ) ( NP ( NN beef ) ( CC and ) ( NN pork ) ) ) ) ) ) ) ) ) ) ) )

Livestock and meat prices however dropped on concern that a financial crisis would cut consumption of beef and pork


( FRAG ( PP-LOC ( IN In ) ( NP ( NN commodity ) ( NNS markets ) ) ) ( NP-TMP ( NN yesterday ) ) ( NP ( NP ( JJ PRECIOUS ) ( NNS METALS ) ) ( S ( NP-SBJ ( NNS Futures ) ( NNS prices ) ) ( VP ( VBD were ) ( ADJP-PRD ( RB moderately ) ( JJR higher ) ) ( SBAR-TMP ( IN as ) ( S ( S ( NP-SBJ ( NN gold ) ) ( VP ( VBD gave ) ( PRT ( RP up ) ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ early ) ( NNS gains ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( NN platinum ) ) ( VP ( VBD behaved ) ( ADVP-MNR ( RB independently ) ) ( S-ADV ( VP ( VP ( ADVP-TMP ( RB first ) ) ( VBG falling ) ) ( CC and ) ( VP ( ADVP-TMP ( RB then ) ) ( ADVP-TMP ( RBR later ) ) ( VBG rising ) ) ) ) ) ) ) ) ) ) ) )

In commodity markets yesterday PRECIOUS METALS Futures prices were moderately higher as gold gave up some of its early gains and platinum behaved independently first falling and then later rising


( S ( NP-SBJ ( NN Silver ) ) ( VP ( VBD performed ) ( ADVP-MNR ( RB quietly ) ) ) )

Silver performed quietly


( S ( NP-SBJ ( DT The ) ( NN spot ) ( NNP October ) ( NN gold ) ( NN price ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 4 ) ) ( PP-DIR ( TO to ) ( NP ( NP ( CD 367.30 ) ) ( NP-ADV ( DT an ) ( NN ounce ) ) ) ) ) )

The spot October gold price rose 4 to 367.30 an ounce


( S ( NP-SBJ-1 ( DT The ) ( ADJP ( RBR more ) ( JJ active ) ) ( NNP December ) ( NN delivery ) ( NN gold ) ) ( VP ( VBN settled ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( NN gain ) ) ( PP ( IN of ) ( NP ( NP ( CD 3.90 ) ) ( NP-ADV ( DT an ) ( NN ounce ) ) ) ) ) ) ( PP-CLR ( IN at ) ( NP ( CD 371.20 ) ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG trading ) ( ADVP ( ADVP ( RB as ) ( JJ high ) ) ( PP ( IN as ) ( NP ( CD 374 ) ) ) ) ) ) ) ) )

The more active December delivery gold settled with a gain of 3.90 an ounce at 371.20 after trading as high as 374


( S ( NP-SBJ ( NNP December ) ( NN silver ) ) ( VP ( VBD was ) ( ADVP-PRD ( RB up ) ( NP ( NP ( CD 2.3 ) ( NNS cents ) ) ( NP-ADV ( DT an ) ( NN ounce ) ) ) ) ( PP-CLR ( IN at ) ( NP ( CD 5.163 ) ) ) ) )

December silver was up 2.3 cents an ounce at 5.163


( S ( NP-SBJ-1 ( NN Platinum ) ) ( VP ( VBD behaved ) ( PP ( RBR more ) ( IN like ) ( NP ( DT an ) ( JJ industrial ) ( NN metal ) ) ) ( S-ADV ( VP ( VP ( VBG easing ) ( ADVP-TMP ( RB early ) ) ( PP ( IN on ) ( NP ( NP ( NN concern ) ) ( PP ( IN over ) ( NP ( DT a ) ( ADJP ( JJ possible ) ( JJR weaker ) ) ( NN economy ) ) ) ) ) ) ( CC but ) ( VP ( VBG recovering ) ( ADVP-TMP ( RBR later ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBD strengthened ) ) ) ) ) ) ) ) )

Platinum behaved more like an industrial metal easing early on concern over a possible weaker economy but recovering later as the stock market strengthened


( S ( NP-SBJ ( NNP Gold ) ) ( VP ( VBD was ) ( ADVP ( RB nowhere ) ) ( NP-PRD ( NP ( DT the ) ( JJ spectacular ) ( JJ performer ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( ADVP-TMP ( NP ( CD two ) ( NNS years ) ) ( RB ago ) ) ( PP-TMP ( IN on ) ( NP ( NNP Black ) ( NNP Monday ) ) ) ) ) ) ) ) )

Gold was nowhere the spectacular performer it was two years ago on Black Monday


( S ( PP ( IN For ) ( NP ( CD one ) ( NN thing ) ) ) ( NP-TMP ( JJ last ) ( NNP Friday ) ) ( NP-SBJ ( JJ precious ) ( NNS metals ) ( NNS markets ) ) ( VP ( VBD closed ) ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBD went ) ( PP-DIR ( IN into ) ( NP ( PRP$ its ) ( JJ late-in-the-day ) ( NN nose ) ( NN dive ) ) ) ) ) ) ( SBAR-ADV ( IN so ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB react ) ( PP-CLR ( TO to ) ( NP ( PRP it ) ) ) ) ) ) ) ) )

For one thing last Friday precious metals markets closed before the stock market went into its late-in-the-day nose dive so it could n't react to it


( S ( ADVP-TMP ( RB Back ) ( PP ( IN on ) ( NP ( NP ( NNP Friday ) ) ( NP ( NNP Oct. ) ( CD 16 ) ( CD l987 ) ) ) ) ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBD declined ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NN day ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( JJ gold ) ( NNS prices ) ) ( VP ( VBD surged ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBD fell ) ) ) ) ) ) )

Back on Friday Oct. 16 l987 the stock market declined during the day and gold prices surged as the stock market fell


( S ( S ( NP-SBJ ( DT The ) ( NNP October ) ( CD 1987 ) ( NN contract ) ) ( NP-TMP ( DT that ) ( NN day ) ) ( VP ( VBD rose ) ( NP-EXT ( QP ( RB as ) ( RB much ) ( IN as ) ( CD 8.70 ) ) ) ( PP-DIR ( TO to ) ( NP ( QP ( RB as ) ( JJ high ) ( IN as ) ( CD 471.60 ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( DT the ) ( RBR more ) ( JJ deferred ) ( NNS positions ) ) ( ADJP ( JJ due ) ( S ( VP ( TO to ) ( VP ( VB mature ) ( ADVP-TMP ( ADVP ( RB as ) ( RB late ) ) ( PP ( IN as ) ( NP ( NNP March ) ( CD 1989 ) ) ) ) ) ) ) ) ) ( VP ( VBD rose ) ( NP-EXT ( QP ( RB as ) ( RB much ) ( IN as ) ( CD 9.60 ) ) ) ) ) )

The October 1987 contract that day rose as much as 8.70 to as high as 471.60 and the more deferred positions due to mature as late as March 1989 rose as much as 9.60


( S ( PP-TMP ( IN On ) ( NP ( NP ( NNP Black ) ( NNP Monday ) ) ( NP ( NNP Oct. ) ( CD 19 ) ( CD 1987 ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NNP October ) ( NN contract ) ) ( VP ( VBD tacked ) ( PRT ( RP on ) ) ( NP ( JJ further ) ( NNS gains ) ) ( S-ADV ( VP ( VBG rising ) ( PP-DIR ( TO to ) ( NP ( QP ( RB as ) ( JJ high ) ( IN as ) ( CD 491.50 ) ) ) ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( NN gain ) ) ( PP ( IN of ) ( NP ( NP ( QP ( RB almost ) ( CD 20 ) ) ) ( PP ( IN on ) ( NP ( NP ( NN top ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Friday ) ( NNS advances ) ) ) ) ) ) ) ) ) ( PP-TMP ( IN before ) ( S-NOM ( VP ( VBG giving ) ( PRT ( RP up ) ) ( NP ( NP ( QP ( RB almost ) ( CD 10 ) ) ) ( PP ( IN of ) ( NP ( DT that ) ) ) ) ( PP-TMP ( IN at ) ( NP ( DT the ) ( NN close ) ) ) ) ) ) ) ) ) )

On Black Monday Oct. 19 1987 the October contract tacked on further gains rising to as high as 491.50 for a gain of almost 20 on top of the Friday advances before giving up almost 10 of that at the close


( S ( NP-SBJ ( NP ( NP ( NN Yesterday ) ( POS 's ) ) ( NNP October ) ( NN gain ) ) ( PP ( IN of ) ( NP ( CD 4 ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NN miniscule ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( DT that ) ) ) ) ) )

Yesterday 's October gain of 4 was miniscule compared with that


( S ( NP-SBJ ( NP ( CD One ) ( NN analyst ) ) ( NP ( NP ( NNP Peter ) ( NNP Cardillo ) ) ( PP ( IN of ) ( NP ( NP ( NNP Josephthal ) ( CC & ) ( NNP Co. ) ) ( NP-LOC ( NNP New ) ( NNP York ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN gold ) ( NN market ) ) ( ADVP-TMP ( RB already ) ) ( VP ( VBD had ) ( NP ( NP ( DT some ) ( JJ good ) ( JJ price-supporting ) ( JJ technical ) ( NNS factors ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN caused ) ( S ( NP-SBJ ( NNS prices ) ) ( VP ( TO to ) ( VP ( VB rise ) ) ) ) ( PP ( IN with ) ( CC or ) ( IN without ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ) ) ) ) ) ) ) ) ) )

One analyst Peter Cardillo of Josephthal & Co. New York said the gold market already had some good price-supporting technical factors that would have caused prices to rise with or without the stock market


( SINV ( S-TPC-2 ( SBAR-NOM-SBJ ( WHNP-1 ( WP What ) ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBD did ) ) ) ) ( VP ( VBD was ) ( VP ( VB cause ) ( S ( NP-SBJ ( DT the ) ( NN rise ) ) ( VP ( TO to ) ( VP ( VB take ) ( NP-CLR ( NN place ) ) ( ADVP-TMP ( ADVP ( RBR earlier ) ) ( SBAR ( IN than ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN happened ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Cardillo ) ) )

What the stock market did was cause the rise to take place earlier than it would have happened said Mr. Cardillo


( S ( S-TPC-1 ( NP-SBJ ( EX There ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT a ) ( JJ good ) ( NN chance ) ( SBAR ( DT that ) ( S ( NP-SBJ ( NN gold ) ) ( VP ( MD will ) ( VP ( VP ( VB retain ) ( NP ( PRP$ its ) ( NNS gains ) ) ) ( CC and ) ( VP ( VB rise ) ( ADVP ( RBR further ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

There 's a good chance that gold will retain its gains and rise further he said


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ expects ) ( NP ( NP ( DT a ) ( NN drop ) ) ( PP ( IN in ) ( NP ( NN interest ) ( NNS rates ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD would ) ( VP ( VB help ) ( NP ( NN gold ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG keeping ) ( NP-3 ( DT the ) ( NN dollar ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG rising ) ) ) ) ) ) ) ) ) ) ) ) ) )

He expects a drop in interest rates which would help gold by keeping the dollar from rising


( S ( ADVP-TMP ( RB Finally ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NNP Mr. ) ( NNP Cardillo ) ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NN impact ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ strong ) ( NN dollar ) ) ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN reflected ) ( PP-CLR ( IN in ) ( NP ( NP ( VBN reduced ) ( NNS exports ) ) ( PP ( IN in ) ( NP ( DT the ) ( NNP August ) ( NN merchandise ) ( NN trade ) ( NN deficit ) ) ) ) ) ( SBAR-TMP ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ-2 ( DT the ) ( NNS figures ) ) ( VP ( VBP are ) ( VP ( VBN released ) ( NP-TMP ( NN today ) ) ) ) ) ) ) ) ) )

Finally according to Mr. Cardillo the impact of the strong dollar should be reflected in reduced exports in the August merchandise trade deficit when the figures are released today


( S ( S-TPC-1 ( NP-SBJ ( DT This ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( ADJP ( VBG damaging ) ( PP ( TO to ) ( NP ( DT the ) ( NN dollar ) ) ) ) ( CC and ) ( ADJP ( JJ supportive ) ( PP ( IN for ) ( NP ( NN gold ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

This would be damaging to the dollar and supportive for gold he said


ENERGY


( S ( S-ADV ( VP ( VBN Worried ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NNP Friday ) ( POS 's ) ) ( JJ 190-point ) ( NN stock ) ( NN market ) ( NN plunge ) ) ( VP ( MD might ) ( VP ( VB be ) ( NP-PRD ( NP ( DT a ) ( NN harbinger ) ) ( PP ( IN of ) ( NP ( NP ( NNS things ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB come ) ) ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN economy ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NN petroleum ) ( NNS futures ) ( NNS traders ) ) ( VP ( VBD called ) ( NP ( NP ( DT a ) ( NN halt ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( JJ recent ) ( NN string ) ) ( PP ( IN of ) ( NP ( NP ( NNS increases ) ) ( PP ( IN in ) ( NP ( JJ crude ) ( NN oil ) ( NNS futures ) ( NNS prices ) ) ) ) ) ) ) ) ) )

Worried that Friday 's 190-point stock market plunge might be a harbinger of things to come for the economy petroleum futures traders called a halt to the recent string of increases in crude oil futures prices


( S ( NP-SBJ ( NP ( DT The ) ( NNP U.S. ) ( NN benchmark ) ( NN crude ) ) ( NP ( NNP West ) ( NNP Texas ) ( NNP Intermediate ) ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 20.59 ) ) ( NP-ADV ( DT a ) ( NN barrel ) ) ( PP ( IN for ) ( NP ( NNP November ) ( NN delivery ) ) ) ) ) ( ADVP ( RB down ) ( NP ( CD 30 ) ( NNS cents ) ) ) ) )

The U.S. benchmark crude West Texas Intermediate closed at 20.59 a barrel for November delivery down 30 cents


( S ( NP-SBJ ( DT Some ) ( NNS analysts ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN crude ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ due ) ( PP ( IN for ) ( NP ( DT a ) ( NN correction ) ) ) ) ( ADVP ( RB anyhow ) ) ( PP-TMP ( VBG following ) ( NP ( NP ( JJ several ) ( NNS days ) ) ( PP ( IN of ) ( NP ( JJ significant ) ( NNS gains ) ) ) ) ) ) ) ) ) )

Some analysts said crude was due for a correction anyhow following several days of significant gains


( S ( CC But ) ( NP-SBJ ( JJS most ) ( NN market ) ( NNS observers ) ) ( VP ( VBD agreed ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NNP Friday ) ( POS 's ) ) ( NN stock ) ( NN market ) ( NN drop ) ) ( VP ( VBZ is ) ( SBAR-PRD ( WHNP-1 ( WP what ) ) ( S ( VP ( VBD dampened ) ( NP ( NP ( NNS spirits ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN petroleum ) ( NNS pits ) ) ) ) ( NP-TMP ( NN yesterday ) ) ) ) ) ) ) ) ) )

But most market observers agreed that Friday 's stock market drop is what dampened spirits in the petroleum pits yesterday


( S ( PP-TMP ( IN Until ) ( NP ( NN yesterday ) ) ) ( NP-SBJ-1 ( NNS futures ) ( NNS prices ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN headed ) ( ADVP-DIR ( RB up ) ) ( PP ( IN on ) ( NP ( NNS expectations ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NN world ) ( NN oil ) ( NN demand ) ) ( VP ( MD will ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ strong ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Until yesterday futures prices had been headed up on expectations that world oil demand will continue to be strong


( S ( NP-SBJ ( NP ( DT The ) ( NNP Organization ) ) ( PP ( IN of ) ( NP ( NNP Petroleum ) ( NNP Exporting ) ( NNP Countries ) ) ) ) ( VP ( VBD increased ) ( NP ( NP ( PRP$ its ) ( NN production ) ( NN ceiling ) ) ( PP-TMP ( IN for ) ( NP ( DT the ) ( JJ fourth ) ( NN quarter ) ) ) ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( NP ( NP ( NNS projections ) ) ( PP ( IN of ) ( NP ( JJ robust ) ( NN demand ) ) ) ) ) ) ) )

The Organization of Petroleum Exporting Countries increased its production ceiling for the fourth quarter based on projections of robust demand


( S ( IN So ) ( NP-SBJ ( NP ( DT any ) ( JJ bearish ) ( NN indicator ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( JJ precipitous ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ) ) ( VP ( VBZ sends ) ( NP ( NNS shivers ) ) ( PP-CLR ( IN through ) ( NP ( DT the ) ( NN oil ) ( NNS markets ) ) ) ( ADVP ( RB as ) ( RB well ) ) ) )

So any bearish indicator such as Friday 's precipitous drop in the stock market sends shivers through the oil markets as well


( S ( ADVP ( RB Indeed ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG reacting ) ( ADVP-TMP ( RB early ) ( PP ( IN in ) ( NP ( DT the ) ( NN trading ) ( NN day ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NN plummet ) ) ) ) ) ) ( NP-SBJ-1 ( NNS futures ) ( NNS prices ) ) ( VP ( VBD firmed ) ( PRT ( RP up ) ) ( ADVP-TMP ( RB again ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( NNS traders ) ) ( VP ( VBD took ) ( NP-CLR ( NN note ) ) ( PP-CLR ( IN of ) ( NP ( NP ( DT the ) ( NN stock ) ( NN market ) ( POS 's ) ) ( JJ partial ) ( NN recovery ) ) ) ( NP-TMP ( NN yesterday ) ) ) ) ) ) )

Indeed after reacting early in the trading day to Friday 's plummet futures prices firmed up again as traders took note of the stock market 's partial recovery yesterday


COPPER


( S ( NP-SBJ ( NNS Futures ) ( NNS prices ) ) ( VP ( VP ( VBD fell ) ) ( CC and ) ( VP ( VBD showed ) ( NP ( JJ little ) ( NN rebound ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ-3 ( NP ( CD one ) ( JJ major ) ( NN labor ) ( NN problem ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBG underpinning ) ( NP ( NNS prices ) ) ) ) ) ) ) ) ( VP ( VBD appeared ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN solved ) ) ) ) ) ) ) ) ) ) )

Futures prices fell and showed little rebound as one major labor problem that had been underpinning prices appeared to be solved


( S ( NP-SBJ ( DT The ) ( NNP December ) ( NN contract ) ) ( VP ( VBD declined ) ( NP-EXT ( NP ( CD 3.05 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN pound ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 1.2745 ) ) ) ) )

The December contract declined 3.05 cents a pound to 1.2745


( S ( NP-SBJ ( NNS Prices ) ) ( VP ( VBD were ) ( ADVP-PRD ( RB down ) ) ( PP-TMP ( IN from ) ( NP ( NP ( DT the ) ( NN outset ) ) ( PP ( IN of ) ( NP ( NN trading ) ) ) ) ) ( PP ( IN on ) ( NP ( NN concern ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT a ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ( VP ( MD might ) ( VP ( VB create ) ( NP ( NP ( DT a ) ( VBN weakened ) ( NN economy ) ) ( CC and ) ( NP ( NP ( DT a ) ( JJ consequent ) ( NN reduction ) ) ( PP ( IN in ) ( NP ( NN copper ) ( NN use ) ) ) ) ) ) ) ) ) ) ) ) )

Prices were down from the outset of trading on concern that a drop in the stock market might create a weakened economy and a consequent reduction in copper use


( S ( CC But ) ( NP-SBJ ( NP ( DT the ) ( NN recovery ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ( VP ( VBD provided ) ( NP ( NP ( JJ little ) ( NN help ) ) ( PP ( IN for ) ( NP ( NN copper ) ) ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( NN word ) ) ( VP ( VBD spread ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( NP ( DT a ) ( JJ three-month ) ( NN strike ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NNP Highland ) ( NNP Valley ) ( NN mine ) ) ( PP-LOC ( IN in ) ( NP ( NNP British ) ( NNP Columbia ) ) ) ) ) ) ( VP ( VBD was ) ( ADVP-PRD ( RB about ) ( RB over ) ) ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( DT an ) ( NN analyst ) ) ) ) ) )

But the recovery in the stock market provided little help for copper as word spread that a three-month strike at the Highland Valley mine in British Columbia was about over according to an analyst


( S ( NP-SBJ ( NNP Highland ) ( NNP Valley ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( DT a ) ( JJ large ) ( JJ Canadian ) ( NN producer ) ) ( CC and ) ( NP ( NP ( JJ principal ) ( NN supplier ) ) ( PP ( TO to ) ( NP ( NNP Japan ) ) ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( ADVP-TMP ( RB recently ) ) ( VBD began ) ( S ( VP ( VBG seeking ) ( NP ( NN copper ) ) ( ADVP-LOC ( RB elsewhere ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( PRP$ its ) ( NNS inventories ) ) ( VP ( VBD shrank ) ) ) ) ) ) ) ) ) ) ) )

Highland Valley is a large Canadian producer and principal supplier to Japan which recently began seeking copper elsewhere as its inventories shrank


( S ( NP-TMP ( JJ Last ) ( NN week ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBN reported ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NN company ) ( CC and ) ( NN union ) ( NNS negotiations ) ) ( VP ( VBD had ) ( VP ( VBN overcome ) ( NP ( NP ( DT the ) ( JJ major ) ( NN hurdle ) ) ( NP ( NP ( DT the ) ( NN contracting ) ( RP out ) ) ( PP ( IN of ) ( NP ( NN work ) ) ) ( PP ( IN by ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) ) ) ) ) ) )

Last week it was reported that company and union negotiations had overcome the major hurdle the contracting out of work by the company


( S-3 ( ADVP-TMP ( RB Now ) ) ( PRN ( S ( NP-SBJ ( DT the ) ( NN analyst ) ) ( VP ( VBD said ) ) ) ) ( NP-SBJ-1 ( RB only ) ( JJ minor ) ( NNS points ) ) ( VP ( VBP remain ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN cleaned ) ( PRT ( RP up ) ) ) ) ) ) ) )

Now the analyst said only minor points remain to be cleaned up


( S ( S-TPC-1 ( PP ( IN For ) ( NP ( DT all ) ( NNS intents ) ( CC and ) ( NNS purposes ) ) ) ( NP-SBJ-2 ( DT an ) ( NN agreement ) ) ( VP ( VBZ appears ) ( S ( VP ( TO to ) ( VP ( VB have ) ( VP ( VBN been ) ( VP ( VBN achieved ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

For all intents and purposes an agreement appears to have been achieved he said


( S ( NP-SBJ ( NP ( NN Copper ) ( NNS inventories ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP New ) ( NNP York ) ( POS 's ) ) ( NNP Commodity ) ( NNP Exchange ) ( NNS warehouses ) ) ) ) ( VP ( VBD rose ) ( NP-TMP ( NN yesterday ) ) ( PP-EXT ( IN by ) ( NP ( CD 516 ) ( NNS tons ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 10,004 ) ( NNS tons ) ) ) ) )

Copper inventories in New York 's Commodity Exchange warehouses rose yesterday by 516 tons to 10,004 tons


( S ( NP-SBJ ( NNP London ) ( NNP Metal ) ( NNP Exchange ) ( NN copper ) ( NNS inventories ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ( VP ( VBD declined ) ( NP-EXT ( CD 13,575 ) ( NNS tons ) ) ( PP-DIR ( TO to ) ( NP ( CD 89,300 ) ( NNS tons ) ) ) ) )

London Metal Exchange copper inventories last week declined 13,575 tons to 89,300 tons


( S ( S ( NP-SBJ ( DT The ) ( NNP LME ) ( NNS stocks ) ( NN decline ) ) ( VP ( VBD was ) ( SBAR-PRD ( ADVP ( RB about ) ) ( RB as ) ( S ( VP ( VBN expected ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NNP Comex ) ( NN gain ) ) ( VP ( VBD was ) ( RB n't ) ) ) )

The LME stocks decline was about as expected but the Comex gain was n't


( S ( S-TPC-2 ( ADVP ( RB However ) ) ( NP-SBJ-1 ( DT this ) ) ( VP ( VBD was ) ( VP ( VBN brushed ) ( ADVP-CLR ( RB aside ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NN concern ) ) ( PP ( IN over ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN analyst ) ) ( VP ( VBD said ) ) )

However this was brushed aside by concern over the stock market the analyst said


( S ( PP-TMP ( IN At ) ( NP ( NP ( CD one ) ( NN point ) ) ( PP ( IN in ) ( NP ( NNS futures ) ( NN trading ) ) ) ) ) ( S ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBD firmed ) ) ) ) ( NP-SBJ ( DT the ) ( NNP December ) ( NN contract ) ) ( VP ( VBD rose ) ( PP-DIR ( TO to ) ( NP ( QP ( RB as ) ( JJ high ) ( IN as ) ( CD 1.2965 ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD was ) ( RB n't ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB sustain ) ( NP ( DT the ) ( NN gain ) ) ) ) ) ) ) ) )

At one point in futures trading as the stock market firmed the December contract rose to as high as 1.2965 but it was n't able to sustain the gain


( S-2 ( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD was ) ( ADVP ( RB simply ) ) ( ADJP-PRD ( VBN overbought ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) ) ) ( CC and ) ( S ( NP-SBJ-3 ( NP ( VBG selling ) ) ( PP ( IN by ) ( NP ( NP ( NNS funds ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP are ) ( ADJP-PRD ( NN computer ) ( VBN guided ) ) ) ) ) ) ) ) ( VP ( VBD helped ) ( S ( VP ( VB depress ) ( NP ( NNS prices ) ) ) ) ) ) )

It was simply overbought he said and selling by funds that are computer guided helped depress prices


COTTON


( S ( NP-SBJ ( NNS Futures ) ( NNS prices ) ) ( VP ( VBD eased ) ( PP ( PP ( RBR more ) ( IN in ) ( NP ( NP ( NN reaction ) ) ( PP ( TO to ) ( NP ( NNP Hurricane ) ( NNP Jerry ) ) ) ) ) ( PP ( IN than ) ( PP ( TO to ) ( NP ( NP ( DT any ) ( NN influence ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ) ) ) ) )

Futures prices eased more in reaction to Hurricane Jerry than to any influence of the stock market


( S ( NP-SBJ ( DT The ) ( NNP December ) ( NN contract ) ) ( VP ( VBD ended ) ( PP-MNR ( IN with ) ( NP ( NP ( DT a ) ( NN loss ) ) ( PP ( IN of ) ( NP ( NP ( CD 0.22 ) ( NN cent ) ) ( NP-ADV ( DT a ) ( NN pound ) ) ) ) ) ) ( PP-CLR ( IN at ) ( NP ( CD 74.48 ) ( NNS cents ) ) ) ) )

The December contract ended with a loss of 0.22 cent a pound at 74.48 cents


( SINV ( S-TPC-2 ( NP-SBJ ( NP ( JJ Technical ) ( NNS considerations ) ) ( PP ( VBG following ) ( NP ( NP ( DT the ) ( NN hurricane ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( NN factor ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN market ) ) ) ) ( NP-TMP ( NNP Friday ) ) ) ) ) ) ) ) ( VP ( VBD caused ) ( S ( NP-SBJ ( NNS prices ) ) ( VP ( TO to ) ( VP ( VB decline ) ( NP-TMP ( NN yesterday ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Ernest ) ( NNP Simon ) ) ( NP ( NP ( NN cotton ) ( NN specialist ) ) ( PP ( IN for ) ( NP ( NP ( NNP Prudential-Bache ) ( NNP Securities ) ) ( NP-LOC ( NNP New ) ( NNP York ) ) ) ) ) ) )

Technical considerations following the hurricane which was a factor in the market Friday caused prices to decline yesterday said Ernest Simon cotton specialist for Prudential-Bache Securities New York


( S ( NP-SBJ ( NNS Prices ) ) ( VP ( VBD rose ) ( ADVP-MNR ( RB sharply ) ) ( NP-TMP ( NNP Friday ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN storm ) ) ( VP ( VBD approached ) ( NP-TMP ( NP ( NNP Texas ) ( CC and ) ( NNP Louisiana ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( NP-PRD ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Mississippi ) ( NNP Delta ) ( JJ cotton-growing ) ( NN area ) ) ) ) ) ) ) ) ) ) ) ) )

Prices rose sharply Friday as the storm approached Texas and Louisiana which is part of the Mississippi Delta cotton-growing area


( S ( S-TPC-2 ( ADVP ( RB However ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG absorbing ) ( NP ( NP ( DT the ) ( JJ potential ) ( NN effect ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN hurricane ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNS prices ) ) ( VP ( VBD began ) ( S ( VP ( TO to ) ( VP ( VB slip ) ( NP-TMP ( JJ late ) ( NNP Friday ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Simon ) ) ( VP ( VBD said ) ) )

However after absorbing the potential effect of the hurricane prices began to slip late Friday Mr. Simon said


( S ( S-TPC-1 ( NP-SBJ ( DT That ) ( NN selling ) ) ( VP ( VP ( VBD continued ) ( NP-TMP ( NN yesterday ) ) ) ( CC and ) ( VP ( VBD kept ) ( S ( NP-SBJ ( NNS prices ) ) ( PP-PRD ( IN under ) ( NP ( NN pressure ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

That selling continued yesterday and kept prices under pressure he said


( S ( S-TPC-2 ( NP-SBJ-1 ( NP ( JJR Colder ) ( NN weather ) ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN predicted ) ( PP-3 ( IN for ) ( NP ( NP ( NP ( DT the ) ( JJ high ) ( NNS plains ) ) ( PP ( IN of ) ( NP ( NNP Texas ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( JJ northern ) ( NNS states ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Delta ) ) ) ) ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( VBG coming ) ( NN weekend ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Simon ) ) ( VP ( VBD said ) ) )

Colder weather is being predicted for the high plains of Texas and the northern states of the Delta during the coming weekend Mr. Simon said


( S ( S-TPC-1 ( NP-SBJ ( DT That ) ) ( VP ( VBZ has ) ( RB n't ) ( ADVP-TMP ( RB yet ) ) ( VP ( VBN captured ) ( NP ( NP ( NNS traders ) ( POS ' ) ) ( NN attention ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD added ) ) )

That has n't yet captured traders ' attention he added


SUGAR


( S ( NP-SBJ ( NNS Futures ) ( NNS prices ) ) ( VP ( VBD declined ) ) )

Futures prices declined


( S ( NP-SBJ ( DT The ) ( NNP March ) ( NN contract ) ) ( VP ( VBD was ) ( ADVP-PRD ( JJ off ) ( NP ( NP ( CD 0.32 ) ( NN cent ) ) ( NP-ADV ( DT a ) ( NN pound ) ) ) ) ( PP-CLR ( IN at ) ( NP ( CD 13.97 ) ( NNS cents ) ) ) ) )

The March contract was off 0.32 cent a pound at 13.97 cents


( S ( PP-TMP ( IN At ) ( NP ( NP ( CD one ) ( NN point ) ) ( PP-LOC ( IN in ) ( NP ( RB early ) ( NN trading ) ) ) ) ) ( S ( NP-SBJ ( DT the ) ( NNP March ) ( NN price ) ) ( VP ( VBD rose ) ( PP-DIR ( TO to ) ( NP ( QP ( RB as ) ( JJ high ) ( IN as ) ( CD 14.22 ) ) ( NNS cents ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBN recovered ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NN price ) ) ( VP ( ADVP-TMP ( RB then ) ) ( VBD fell ) ( ADVP-CLR ( RB back ) ) ) ) )

At one point in early trading the March price rose to as high as 14.22 cents when the stock market recovered but the price then fell back


( S-2 ( NP-SBJ ( DT A ) ( JJ price-depressing ) ( NN factor ) ) ( PRN ( S ( NP-SBJ ( CD one ) ( NN analyst ) ) ( VP ( VBD said ) ) ) ) ( VP ( VBD was ) ( SBAR-PRD ( IN that ) ( S ( NP-SBJ ( NP ( NNP India ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( QP ( RB around ) ( CD 200,000 ) ) ( NNS tons ) ) ( PP ( IN of ) ( NP ( NN sugar ) ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN world ) ( NN market ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB make ) ( NP ( DT any ) ( NNS purchases ) ) ) ) ) ) ) )

A price-depressing factor one analyst said was that India which had been expected to buy around 200,000 tons of sugar in the world market did n't make any purchases


( S ( S-TPC-2 ( NP-SBJ-1 ( NNP India ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VP ( VBD bought ) ( NP ( CD 200,000 ) ( NNS tons ) ) ) ( CC and ) ( VP ( VBD was ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( JJR more ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN analyst ) ) ( VP ( VBD said ) ) )

India recently bought 200,000 tons and was expected to buy more the analyst said


( S ( NP-SBJ ( DT Another ) ( NN analyst ) ) ( VP ( VBD thought ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP India ) ) ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBN pulled ) ( ADVP-CLR ( RB back ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT the ) ( NN concern ) ) ( PP ( IN over ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ) ) ) ) ) ) ) )

Another analyst thought that India may have pulled back because of the concern over the stock market


( SINV ( S-TPC-1 ( NP-SBJ ( NNP India ) ) ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBD felt ) ( SBAR ( IN that ) ( S ( SBAR-ADV ( IN if ) ( S ( S ( NP-SBJ ( EX there ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( JJ severe ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD affected ) ( NP ( NN sugar ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD could ) ( VP ( VB buy ) ( PP-CLR ( IN at ) ( NP ( JJR lower ) ( NNS prices ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Judith ) ( NNP Ganes ) ) ( NP ( NP ( NN analyst ) ) ( PP ( IN for ) ( NP ( NP ( NNP Shearson ) ( NNP Lehman ) ( NNP Hutton ) ) ( NP-LOC ( NNP New ) ( NNP York ) ) ) ) ) ) )

India may have felt that if there was a severe drop in the stock market and it affected sugar it could buy at lower prices said Judith Ganes analyst for Shearson Lehman Hutton New York


( S-1 ( PP ( IN At ) ( NP ( DT any ) ( NN rate ) ) ) ( PRN ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBD added ) ) ) ) ( S ( NP-SBJ ( NNP India ) ) ( VP ( VBZ needs ) ( NP ( DT the ) ( NN sugar ) ) ) ) ( S ( IN so ) ( NP-SBJ-2 ( PRP it ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADVP-LOC-PRD ( RB in ) ) ( ADVP-TMP ( RBR sooner ) ( CC or ) ( RBR later ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB buy ) ( NP ( PRP it ) ) ) ) ) ) ) ) )

At any rate she added India needs the sugar so it will be in sooner or later to buy it


FARM PRODUCTS


( S ( NP-SBJ ( NP ( DT The ) ( NNS prices ) ) ( PP ( IN of ) ( NP ( NNS cattle ) ( CC and ) ( NN hog ) ( NNS futures ) ( NNS contracts ) ) ) ) ( VP ( VBD dropped ) ( ADVP-MNR ( RB sharply ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NNS traders ) ) ( VP ( VBD speculated ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( DT the ) ( NN stock ) ( NN market ) ( NN plunge ) ) ( NP-TMP ( NNP Friday ) ) ( VP ( MD will ) ( VP ( VB linger ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNS minds ) ) ( PP ( IN of ) ( NP ( NNP U.S. ) ( NNS consumers ) ) ) ) ) ( ADVP-TMP ( RB long ) ( RB enough ) ( S ( VP ( TO to ) ( VP ( VB prompt ) ( S ( NP-SBJ ( PRP them ) ) ( VP ( TO to ) ( VP ( VB rein ) ( PP ( IN in ) ) ( NP ( NP ( PRP$ their ) ( NN spending ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN supermarket ) ) ) ) ( SBAR-ADV ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD would ) ( VP ( VB hurt ) ( NP ( NP ( NN demand ) ) ( PP ( IN for ) ( NP ( NN beef ) ( CC and ) ( NN pork ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The prices of cattle and hog futures contracts dropped sharply because traders speculated that the stock market plunge Friday will linger in the minds of U.S. consumers long enough to prompt them to rein in their spending at the supermarket which would hurt demand for beef and pork


( S ( NP-SBJ ( NP ( DT The ) ( NN price ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN hog ) ( NN contract ) ) ( PP ( IN for ) ( NP ( NNP October ) ( NN delivery ) ) ) ) ) ) ( VP ( VBD dropped ) ( NP ( NP ( PRP$ its ) ( ADJP ( NN maximum ) ( JJ permissible ) ) ( JJ daily ) ( NN limit ) ) ( PP ( IN of ) ( NP ( NP ( CD 1.5 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN pound ) ) ) ) ) ) )

The price of the hog contract for October delivery dropped its maximum permissible daily limit of 1.5 cents a pound


( S ( NP-SBJ ( NP ( DT The ) ( NNS prices ) ) ( PP ( IN of ) ( NP ( JJS most ) ( NN grain ) ( NNS futures ) ( NNS contracts ) ) ) ) ( VP ( VBD rose ) ( ADVP-MNR ( RB slightly ) ) ( NP-TMP ( NN yesterday ) ) ( PP-PRP ( IN out ) ( PP ( IN of ) ( NP ( NN relief ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBD was ) ( VP ( VBG showing ) ( NP ( NP ( NNS signs ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG recovering ) ) ) ) ) ) ) ) ) ) ) ) ) )

The prices of most grain futures contracts rose slightly yesterday out of relief that the stock market was showing signs of recovering


( S ( PP-TMP ( RBR Earlier ) ( IN in ) ( NP ( DT the ) ( NN session ) ) ) ( NP-SBJ ( NP ( DT the ) ( NNS prices ) ) ( PP ( IN of ) ( NP ( JJ several ) ( NN soybean ) ( NNS contracts ) ) ) ) ( VP ( VBD set ) ( NP ( JJ new ) ( NNS lows ) ) ) )

Earlier in the session the prices of several soybean contracts set new lows


( S ( NP-SBJ ( DT A ) ( JJ broad ) ( NN rally ) ) ( VP ( VBD began ) ( SBAR-TMP-CLR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ-2 ( JJ several ) ( JJ major ) ( NNS processors ) ) ( VP ( VBD began ) ( S ( VP ( VBG buying ) ( NP ( NNS futures ) ( NNS contracts ) ) ( S-PRP ( ADVP ( RB apparently ) ) ( VP ( TO to ) ( VP ( VB take ) ( NP-CLR ( NN advantage ) ) ( PP-CLR ( IN of ) ( NP ( DT the ) ( NN price ) ( NN dip ) ) ) ) ) ) ) ) ) ) ) ) )

A broad rally began when several major processors began buying futures contracts apparently to take advantage of the price dip


( S ( NP-SBJ ( NNP Laidlaw ) ( NNP Transportation ) ( NNP Ltd. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD raised ) ( NP ( NP ( PRP$ its ) ( NN stake ) ) ( PP ( IN in ) ( NP ( NP ( NNP ADT ) ( NNP Ltd. ) ) ( PP ( IN of ) ( NP ( NNP Bermuda ) ) ) ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 29.4 ) ( NN % ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 28 ) ( NN % ) ) ) ) ) ) ) )

Laidlaw Transportation Ltd. said it raised its stake in ADT Ltd. of Bermuda to 29.4 % from 28 %


( S ( NP-SBJ-2 ( NP ( DT A ) ( NN spokesman ) ) ( PP ( IN for ) ( NP ( NNP Laidlaw ) ) ) ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB disclose ) ( NP ( NP ( DT the ) ( NN price ) ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP Toronto ) ( NN transportation ) ( CC and ) ( NN waste ) ( NNS services ) ( NN concern ) ) ( VP ( VBD paid ) ( PP-CLR ( IN for ) ( NP ( NP ( DT the ) ( JJ additional ) ( NNS shares ) ) ( SBAR ( WHNP-3 ( WDT which ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ( SBAR ( S ( VP ( VBD were ) ( VP ( VBD acquired ) ( PP-TMP ( IN over ) ( NP ( NP ( DT the ) ( JJ last ) ( NN couple ) ) ( PP ( IN of ) ( NP ( NNS weeks ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

A spokesman for Laidlaw declined to disclose the price the Toronto transportation and waste services concern paid for the additional shares which he said were acquired over the last couple of weeks


( S ( NP-SBJ ( DT The ) ( NN spokesman ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP Laidlaw ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB increase ) ( NP ( NP ( PRP$ its ) ( NN stake ) ) ( PP ( IN in ) ( NP ( NNP ADT ) ) ) ) ( PP-DIR ( IN beyond ) ( NP ( CD 30 ) ( NN % ) ) ) ( PP ( IN without ) ( NP ( NP ( DT a ) ( JJ great ) ( NN deal ) ) ( PP ( IN of ) ( NP ( NN thought ) ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( JJ British ) ( NN takeover ) ( NNS regulations ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP require ) ( S ( NP-SBJ ( NP ( DT a ) ( NN company ) ) ( VP ( VBG acquiring ) ( NP ( QP ( JJR more ) ( IN than ) ( CD 30 ) ) ( NN % ) ) ) ) ( VP ( TO to ) ( VP ( VB extend ) ( NP ( DT an ) ( NN offer ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN rest ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS shareholders ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The spokesman said Laidlaw would n't increase its stake in ADT beyond 30 % without a great deal of thought because of British takeover regulations that require a company acquiring more than 30 % to extend an offer to the rest of the company 's shareholders


( S ( NP-SBJ ( NP ( NNP ADT ) ) ( NP ( DT a ) ( NN security ) ( NNS services ) ( CC and ) ( NNS auctions ) ( NN company ) ) ) ( VP ( VBZ trades ) ( PP-LOC ( IN on ) ( NP ( NP ( NNP London ) ( POS 's ) ) ( NNP Stock ) ( NNP Exchange ) ) ) ) )

ADT a security services and auctions company trades on London 's Stock Exchange


( S ( NP-SBJ ( NNP Laidlaw ) ) ( VP ( VBZ is ) ( ADJP-PRD ( CD 47%-controlled ) ( PP ( IN by ) ( NP ( NP ( NNP Canadian ) ( NNP Pacific ) ( NNP Ltd. ) ) ( NP ( DT a ) ( NNP Montreal ) ( NN transportation ) ( NNS resources ) ( CC and ) ( JJ industrial ) ( VBG holding ) ( NN concern ) ) ) ) ) ) )

Laidlaw is 47%-controlled by Canadian Pacific Ltd. a Montreal transportation resources and industrial holding concern


( S ( NP-SBJ-1 ( PRP We ) ) ( VP ( VBP 're ) ( VP ( IN about ) ( S ( VP ( TO to ) ( VP ( VB see ) ( SBAR ( IN if ) ( S ( NP-SBJ ( NN advertising ) ) ( VP ( VBZ works ) ) ) ) ) ) ) ) ) )

We 're about to see if advertising works


( S ( ADVP ( RB Hard ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NNS heels ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( JJ 190-point ) ( NN stock-market ) ( NN plunge ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN uncertainty ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ 's ) ( VP ( VBN followed ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( JJ few ) ( JJ big ) ( NN brokerage ) ( NNS firms ) ) ( VP ( VBP are ) ( VP ( VP ( VBG rolling ) ( PRT ( RP out ) ) ( NP ( NP ( JJ new ) ( NNS ads ) ) ( VP ( VBG trumpeting ) ( NP ( NP ( DT a ) ( JJ familiar ) ( NN message ) ) ( S ( S ( VP ( VB Keep ) ( PRT ( RP on ) ) ( S-ADV ( VP ( VBG investing ) ) ) ) ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( RB just ) ( JJ fine ) ) ) ) ) ) ) ) ) ) ) )

Hard on the heels of Friday 's 190-point stock-market plunge and the uncertainty that 's followed a few big brokerage firms are rolling out new ads trumpeting a familiar message Keep on investing the market 's just fine


( S ( NP-SBJ ( PRP$ Their ) ( NN mission ) ) ( VP ( VBZ is ) ( S-PRD ( VP ( TO to ) ( VP ( VB keep ) ( NP-1 ( NNS clients ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG fleeing ) ( NP ( DT the ) ( NN market ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( JJ individual ) ( NNS investors ) ) ( VP ( VBD did ) ( PP ( IN in ) ( NP ( NNS droves ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( DT the ) ( NN crash ) ) ( PP-TMP ( IN in ) ( NP ( NNP October ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Their mission is to keep clients from fleeing the market as individual investors did in droves after the crash in October


( S ( PP-TMP ( NP-ADV ( RB Just ) ( NNS days ) ) ( IN after ) ( NP ( DT the ) ( CD 1987 ) ( NN crash ) ) ) ( NP-SBJ ( JJ major ) ( NN brokerage ) ( NNS firms ) ) ( VP ( VBN rushed ) ( PRT ( RP out ) ) ( NP ( NNS ads ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB calm ) ( NP ( NNS investors ) ) ) ) ) ) )

Just days after the 1987 crash major brokerage firms rushed out ads to calm investors


( S ( NP-TMP ( NP ( DT This ) ( NN time ) ) ( ADVP ( RP around ) ) ) ( NP-SBJ ( PRP they ) ) ( VP ( VBP 're ) ( VP ( VBG moving ) ( ADVP ( RB even ) ( RBR faster ) ) ) ) )

This time around they 're moving even faster


( S ( NP-SBJ ( NNP PaineWebber ) ( NNP Inc. ) ) ( VP ( VP ( VBD filmed ) ( NP ( DT a ) ( JJ new ) ( NN television ) ( NN commercial ) ) ( PP-TMP ( IN at ) ( NP ( CD 4 ) ( NN p.m. ) ( NNP EDT ) ) ) ( NP-TMP ( NN yesterday ) ) ) ( CC and ) ( VP ( VBD had ) ( NP ( PRP it ) ) ( PP-LOC-CLR ( IN on ) ( NP ( DT the ) ( NN air ) ) ) ( PP-TMP ( IN by ) ( NP ( JJ last ) ( NN night ) ) ) ) ) )

PaineWebber Inc. filmed a new television commercial at 4 p.m. EDT yesterday and had it on the air by last night


( S ( NP-SBJ ( NNP Fidelity ) ( NNP Investments ) ) ( VP ( VP ( VBD placed ) ( NP ( JJ new ) ( NNS ads ) ) ( PP-LOC ( IN in ) ( NP ( NNS newspapers ) ) ) ( NP-TMP ( NN yesterday ) ) ) ( CC and ) ( VP ( VBD wrote ) ( NP ( NP ( DT another ) ( JJ new ) ( NN ad ) ) ( VP ( VBG appearing ) ( NP-TMP ( NN today ) ) ) ) ) ) )

Fidelity Investments placed new ads in newspapers yesterday and wrote another new ad appearing today


( S ( NP-SBJ ( NNP Shearson ) ( NNP Lehman ) ( NNP Hutton ) ( NNP Inc. ) ) ( PP-TMP ( IN by ) ( NP ( NN yesterday ) ( NN afternoon ) ) ) ( VP ( VBD had ) ( ADVP ( RB already ) ) ( VP ( VBN written ) ( NP ( JJ new ) ( NN TV ) ( NNS ads ) ) ) ) )

Shearson Lehman Hutton Inc. by yesterday afternoon had already written new TV ads


( S ( NP-SBJ-2 ( PRP It ) ) ( VP ( VP ( VBD considered ) ( S-ADV ( VP ( VBG running ) ( NP ( PRP them ) ) ( PP-TMP ( IN during ) ( NP ( NP ( NN tomorrow ) ( NN night ) ( POS 's ) ) ( NNP World ) ( NNP Series ) ( NN broadcast ) ) ) ) ) ) ( CC but ) ( VP ( VBD decided ) ( S ( RB not ) ( VP ( TO to ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBD recovered ) ( NP-TMP ( NN yesterday ) ) ) ) ) ) ) )

It considered running them during tomorrow night 's World Series broadcast but decided not to when the market recovered yesterday


( S ( NP-SBJ ( NP ( JJ Other ) ( NN brokerage ) ( NNS firms ) ) ( PP ( VBG including ) ( NP ( NNP Merrill ) ( NNP Lynch ) ( CC & ) ( NNP Co. ) ) ) ) ( VP ( VBD were ) ( VP ( VBG plotting ) ( PRT ( RP out ) ) ( NP ( JJ potential ) ( JJ new ) ( NN ad ) ( NNS strategies ) ) ) ) )

Other brokerage firms including Merrill Lynch & Co. were plotting out potential new ad strategies


( S ( NP-SBJ ( DT The ) ( NN brokerage ) ( NNS firms ) ) ( VP ( VBD learned ) ( NP ( DT a ) ( NN lesson ) ) ( NP-TMP ( NP ( DT the ) ( JJ last ) ( NN time ) ) ( ADVP ( RP around ) ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( JJ frightened ) ( NNS investors ) ) ( VP ( VP ( VBD flooded ) ( NP ( DT the ) ( NN phone ) ( NNS lines ) ) ) ( CC and ) ( VP ( VBD fled ) ( NP ( DT the ) ( NN market ) ) ( PP-MNR ( IN in ) ( NP ( DT a ) ( NN panic ) ) ) ) ) ) ) ) ) )

The brokerage firms learned a lesson the last time around when frightened investors flooded the phone lines and fled the market in a panic


( S ( NP-TMP ( DT This ) ( NN time ) ) ( NP-SBJ ( DT the ) ( NNS firms ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ ready ) ) ) )

This time the firms were ready


( S ( NP-SBJ ( NNP Fidelity ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( VP ( VBN prepared ) ( NP ( NNS ads ) ) ( ADVP-TMP ( NP ( JJ several ) ( NNS months ) ) ( RB ago ) ) ( PP ( IN in ) ( NP ( NP ( NN case ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN market ) ( NN plunge ) ) ) ) ) ) )

Fidelity for example prepared ads several months ago in case of a market plunge


( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBD went ) ( PP-CLR ( IN into ) ( NP ( PRP$ its ) ( JJ free ) ( NN fall ) ) ) ( NP-TMP ( NNP Friday ) ( NN afternoon ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN investment ) ( NN firm ) ) ( VP ( VBD ordered ) ( NP ( NP ( JJ full ) ( NNS pages ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP Monday ) ( NNS editions ) ) ( PP ( IN of ) ( NP ( QP ( PDT half ) ( DT a ) ( NN dozen ) ) ( NNS newspapers ) ) ) ) ) ) ) )

When the market went into its free fall Friday afternoon the investment firm ordered full pages in the Monday editions of half a dozen newspapers


( S ( NP-SBJ ( DT The ) ( NNS ads ) ) ( VP ( VBD touted ) ( NP ( NP ( NNP Fidelity ) ( POS 's ) ) ( VBN automated ) ( NN 800-number ) ) ( PP ( IN beneath ) ( NP ( NP ( DT the ) ( JJ huge ) ( NN headline ) ) ( S-TTL ( NP-SBJ ( NNP Fidelity ) ) ( VP ( VBZ Is ) ( ADJP-PRD ( JJ Ready ) ( PP ( IN For ) ( NP ( PRP$ Your ) ( NN Call ) ) ) ) ) ) ) ) ) )

The ads touted Fidelity 's automated 800-number beneath the huge headline Fidelity Is Ready For Your Call


( S ( NP-SBJ ( DT A ) ( NNP Fidelity ) ( NN spokesman ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN 800-line ) ) ( SBAR ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( ADVP-TMP ( RB already ) ) ( VP ( VBD was ) ( VP ( VBG operating ) ) ) ) ) ( CC but ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( NP-SBJ ( JJ many ) ( NNS clients ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB know ) ( PP-CLR ( IN about ) ) ) ) ) ) ) ) ( VP ( VBN received ) ( NP ( NP ( QP ( RB about ) ( RB double ) ) ( DT the ) ( JJ usual ) ( NN volume ) ) ( PP ( IN of ) ( NP ( NNS calls ) ) ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( NN weekend ) ) ) ) ) ) ) )

A Fidelity spokesman says the 800-line which already was operating but which many clients did n't know about received about double the usual volume of calls over the weekend


( S ( S-TPC-1 ( NP-SBJ ( NP ( DT A ) ( NN lot ) ) ( PP ( IN of ) ( NP ( NN investor ) ( NN confidence ) ) ) ) ( VP ( VBZ comes ) ( PP-DIR ( IN from ) ( NP ( DT the ) ( NN fact ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD can ) ( VP ( VB speak ) ( PP-DIR ( TO to ) ( NP ( PRP us ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

A lot of investor confidence comes from the fact that they can speak to us he says


( S ( S-SBJ ( VP ( TO To ) ( VP ( VB maintain ) ( NP ( DT that ) ( NN dialogue ) ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RB absolutely ) ( JJ crucial ) ) ) )

To maintain that dialogue is absolutely crucial


( S ( NP-SBJ ( PRP It ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN been ) ( ADJP-PRD ( RB too ) ( JJ late ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB think ) ( PP-CLR ( IN about ) ) ) ) ) ) ) ( PP-TMP ( IN on ) ( NP ( NNP Friday ) ) ) ) ) ) )

It would have been too late to think about on Friday


( S ( NP-SBJ-1 ( PRP We ) ) ( VP ( VBD had ) ( S ( VP ( TO to ) ( VP ( VB think ) ( PP-CLR ( IN about ) ( NP ( PRP it ) ) ) ( ADVP-TMP ( RB ahead ) ( PP ( IN of ) ( NP ( NN time ) ) ) ) ) ) ) ) )

We had to think about it ahead of time


( S ( NP-SBJ-1 ( NP ( NN Today ) ( POS 's ) ) ( NNP Fidelity ) ( NN ad ) ) ( VP ( VBZ goes ) ( NP ( NP ( DT a ) ( NN step ) ) ( ADVP ( RBR further ) ) ) ( S-ADV ( VP ( VBG encouraging ) ( S ( NP-SBJ ( NNS investors ) ) ( VP ( VP ( TO to ) ( VP ( VB stay ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN market ) ) ) ) ) ( CC or ) ( VP ( ADVP ( RB even ) ) ( TO to ) ( VP ( VB plunge ) ( PRT ( RP in ) ) ( PP ( IN with ) ( NP ( NNP Fidelity ) ) ) ) ) ) ) ) ) ) )

Today 's Fidelity ad goes a step further encouraging investors to stay in the market or even to plunge in with Fidelity


( S ( PP ( IN Underneath ) ( NP ( NP ( DT the ) ( NN headline ) ) ( NP ( NN Diversification ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ counsels ) ( S ( PP ( VBN Based ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NNS events ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ past ) ( NN week ) ) ) ) ) ) ( NP-SBJ-1 ( DT all ) ( NNS investors ) ) ( VP ( VBP need ) ( S ( VP ( TO to ) ( VP ( VB know ) ( SBAR ( S ( NP-SBJ-2 ( PRP$ their ) ( NNS portfolios ) ) ( VP ( VBP are ) ( VP ( VBN balanced ) ( S-PRP ( VP ( TO to ) ( VP ( VB help ) ( S ( VP ( VB protect ) ( NP ( PRP them ) ) ( PP-CLR ( IN against ) ( NP ( NP ( DT the ) ( NN market ) ( POS 's ) ) ( NN volatility ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Underneath the headline Diversification it counsels Based on the events of the past week all investors need to know their portfolios are balanced to help protect them against the market 's volatility


( S ( NP-SBJ-1 ( PRP It ) ) ( VP ( VBZ goes ) ( ADVP-CLR ( RB on ) ) ( S ( VP ( TO to ) ( VP ( VB plug ) ( NP ( DT a ) ( JJ few ) ( JJ diversified ) ( NNP Fidelity ) ( NNS funds ) ) ( PP ( IN by ) ( NP ( NN name ) ) ) ) ) ) ) )

It goes on to plug a few diversified Fidelity funds by name


( S ( NP-SBJ-1 ( NN PaineWebber ) ) ( ADVP ( RB also ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB gear ) ( PRT ( RP up ) ) ( ADVP-MNR ( RB quickly ) ) ) ) ) ) ( NP-ADV ( NP ( NNS thanks ) ) ( PP ( TO to ) ( NP ( DT the ) ( CD 1987 ) ( NN crash ) ) ) ) ) )

PaineWebber also was able to gear up quickly thanks to the 1987 crash


( S ( PP-TMP ( IN In ) ( NP ( NP ( DT the ) ( NN aftermath ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD 1987 ) ( NN debacle ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NN brokerage ) ( NN firm ) ) ( VP ( VBD began ) ( S ( VP ( VBG taping ) ( NP ( NNS commercials ) ) ( ADVP-LOC ( JJ in-house ) ) ) ) ( S-ADV ( ADVP ( RB ultimately ) ) ( VP ( VBG getting ) ( NP ( PRP$ its ) ( NN timing ) ) ( PRT ( RP down ) ) ( ADVP ( JJ fast ) ( RB enough ) ( S ( VP ( TO to ) ( VP ( VP ( VB tape ) ( NP ( DT a ) ( NN commercial ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBN closed ) ) ) ) ) ( CC and ) ( VP ( VB rush ) ( NP ( PRP it ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NN air ) ) ) ( NP-TMP ( DT that ) ( NN night ) ) ) ) ) ) ) ) ) ) )

In the aftermath of the 1987 debacle the brokerage firm began taping commercials in-house ultimately getting its timing down fast enough to tape a commercial after the market closed and rush it on the air that night


( S ( NP-SBJ ( PRP It ) ) ( ADVP ( RB also ) ) ( VP ( VBD negotiated ) ( NP ( NP ( DT an ) ( NN arrangement ) ) ( PP ( IN with ) ( NP ( NNP Cable ) ( NNP News ) ( NNP Network ) ) ) ( SBAR ( WHPP-2 ( IN under ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-1 ( NNP CNN ) ) ( VP ( MD would ) ( VP ( VB agree ) ( S ( VP ( TO to ) ( VP ( VB air ) ( NP ( PRP$ its ) ( JJ last-minute ) ( NNS creations ) ) ) ) ) ) ) ) ) ) ) )

It also negotiated an arrangement with Cable News Network under which CNN would agree to air its last-minute creations


( S ( NP-SBJ ( NP ( DT The ) ( JJ new ) ( NNP PaineWebber ) ( NN commercial ) ) ( VP ( VBN created ) ( PP ( IN with ) ( NP ( NN ad ) ( NN agency ) ( NNP Saatchi ) ( CC & ) ( NNP Saatchi ) ( NNP Co. ) ) ) ) ) ( VP ( VBZ features ) ( NP ( NP ( NNP Mary ) ( NNP Farrell ) ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( DT the ) ( NP ( NN firm ) ( VBZ 's ) ) ( ADJP ( RBS most ) ( JJ visible ) ) ( NN investment ) ( NNS strategists ) ) ) ) ( VP ( VBG sounding ) ( ADJP-PRD ( RB particularly ) ( JJ bullish ) ) ) ) ) )

The new PaineWebber commercial created with ad agency Saatchi & Saatchi Co. features Mary Farrell one of the firm 's most visible investment strategists sounding particularly bullish


( S ( S-ADV ( VP ( VBN Taped ) ( SBAR-TMP ( RB just ) ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBD closed ) ( NP-TMP ( NN yesterday ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ offers ) ( NP ( NP ( NNP Ms. ) ( NNP Farrell ) ) ( VP ( NN advising ) ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP view ) ( NP-2 ( DT the ) ( NN market ) ) ( ADVP-LOC ( RB here ) ) ( PP-CLR ( IN as ) ( S-NOM ( VP ( VBG going ) ( PP-CLR ( IN through ) ( NP ( DT a ) ( ADJP ( RB relatively ) ( JJ normal ) ) ( NN cycle ) ) ) ) ) ) ) ) ) ) ) )

Taped just as the market closed yesterday it offers Ms. Farrell advising We view the market here as going through a relatively normal cycle


( S ( NP-SBJ-1 ( PRP We ) ) ( VP ( VBP continue ) ( S ( VP ( TO to ) ( VP ( VB feel ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBZ is ) ( ADVP-TMP ( RB still ) ) ( NP-PRD ( NP ( DT the ) ( NN place ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( PP-PRP ( IN for ) ( NP ( JJ long-term ) ( NN appreciation ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

We continue to feel that the stock market is still the place to be for long-term appreciation


( S ( NP-SBJ-1 ( DT The ) ( NN spot ) ) ( VP ( VBD was ) ( VP ( VBN scheduled ) ( S ( VP ( TO to ) ( VP ( VB appear ) ( NP-ADV ( CD three ) ( NNS times ) ) ( PP-LOC ( IN on ) ( NP ( NNP CNN ) ) ) ( NP-TMP ( JJ last ) ( NN night ) ) ) ) ) ) ) )

The spot was scheduled to appear three times on CNN last night


( S ( NP-SBJ ( NNP PaineWebber ) ) ( VP ( VBD considered ) ( NP ( NP ( DT an ) ( ADJP ( RB even ) ( JJR harder ) ) ( NN sell ) ) ( S-NOM ( VP ( VBG recommending ) ( NP ( JJ specific ) ( NNS stocks ) ) ) ) ) ) )

PaineWebber considered an even harder sell recommending specific stocks


( S ( ADVP ( RB Instead ) ) ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBD settled ) ( PP-CLR ( RP on ) ( S-NOM ( VP ( ADVP ( RB just ) ) ( VBG urging ) ( NP-3 ( NP ( DT the ) ( NNS clients ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP are ) ( NP-PRD ( PRP$ its ) ( NN lifeline ) ) ) ) ) ) ( S ( VP ( TO to ) ( VP ( VB keep ) ( NP ( DT that ) ( NN money ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN market ) ) ) ) ) ) ) ) ) ) )

Instead it settled on just urging the clients who are its lifeline to keep that money in the market


( SINV ( S-TPC-3 ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( VP ( VBG saying ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( JJS worst ) ( NN thing ) ) ( SBAR ( WHNP-2 ( IN that ) ) ( S ( NP-SBJ ( NN anyone ) ) ( VP ( MD can ) ( VP ( VB do ) ) ) ) ) ) ( VP ( VBZ is ) ( S-PRD ( VP ( TO to ) ( VP ( VB see ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VP ( VB go ) ( ADVP-DIR ( RB down ) ) ) ( CC and ) ( VP ( VB dump ) ( NP ( NN everything ) ) ) ( SBAR-ADV ( WHNP-1 ( WDT which ) ) ( S ( VP ( ADVP ( RB just ) ) ( VBZ drives ) ( NP ( DT the ) ( NNS prices ) ) ( ADVP-DIR ( IN down ) ) ( ADVP ( RBR further ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP John ) ( NNP Lampe ) ) ( NP ( NP ( NP ( NNP PaineWebber ) ( POS 's ) ) ( NN director ) ) ( PP ( IN of ) ( NP ( NN advertising ) ) ) ) ) )

We 're saying the worst thing that anyone can do is to see the market go down and dump everything which just drives the prices down further says John Lampe PaineWebber 's director of advertising


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VP ( VBD owned ) ( NP ( PRP it ) ) ) ( CC and ) ( VP ( VBD liked ) ( NP ( PRP it ) ) ) ( NP-TMP ( NNP Friday ) ) ) ) ) ( NP-SBJ ( DT the ) ( JJ true ) ( NN value ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBD changed ) ) ) )

If you owned it and liked it Friday the true value has n't changed


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ adds ) ( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( RB n't ) ( NP-PRD ( NP ( CD 1987 ) ) ( VP ( VBN revisited ) ) ) ) ) ) )

He adds This is n't 1987 revisited


( S ( PP ( IN With ) ( S-NOM ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VP ( VBG fluctuating ) ) ( CC and ) ( VP ( ADVP-TMP ( RB then ) ) ( VBG closing ) ( ADVP-CLR ( RB up ) ( NP ( QP ( RBR more ) ( IN than ) ( CD 88 ) ) ( NNS points ) ) ) ) ) ) ) ( NP-TMP ( NN yesterday ) ) ( NP-SBJ-1 ( NN investment ) ( NNS firms ) ) ( VP ( VBD had ) ( S ( VP ( TO to ) ( ADVP-TMP ( RB constantly ) ) ( VP ( VB revise ) ( NP ( PRP$ their ) ( NN approach ) ) ) ) ) ) )

With the market fluctuating and then closing up more than 88 points yesterday investment firms had to constantly revise their approach


( S ( PP-LOC ( IN At ) ( NP ( NNP Shearson ) ( NNP Lehman ) ) ) ( NP-SBJ-1 ( NNS executives ) ) ( VP ( VP ( VBD created ) ( NP ( JJ potential ) ( JJ new ) ( NNS commercials ) ) ( UCP-TMP ( NP ( NNP Friday ) ( NN night ) ) ( CC and ) ( PP ( IN throughout ) ( NP ( DT the ) ( NN weekend ) ) ) ) ) ( VP ( ADVP-TMP ( RB then ) ) ( VBD had ) ( S ( VP ( TO to ) ( VP ( VB regroup ) ( NP-TMP ( NN yesterday ) ( NN afternoon ) ) ) ) ) ) ) )

At Shearson Lehman executives created potential new commercials Friday night and throughout the weekend then had to regroup yesterday afternoon


( S ( NP-SBJ ( DT The ) ( NN plan ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( S-PRD ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Shearson ) ( POS 's ) ) ( JJ easy-to-film ) ( JJ black-and-white ) ( SBAR-TTL ( WHADVP-2 ( WRB Where ) ) ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP Stand ) ) ) ) ( NNS commercials ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG running ) ( ADVP-TMP ( RB occasionally ) ) ( PP ( IN in ) ( NP ( NP ( NN response ) ) ( PP ( TO to ) ( NP ( NN news ) ( NNS events ) ) ) ) ) ( PP-TMP ( IN since ) ( NP ( CD 1985 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The plan had been to make one of Shearson 's easy-to-film black-and-white Where We Stand commercials which have been running occasionally in response to news events since 1985


( S ( NP-SBJ-1 ( DT The ) ( NN ad ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN run ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NNP World ) ( NNP Series ) ) ) ( NP-TMP ( NN tomorrow ) ) ( S-ADV ( VP ( VBG replacing ) ( NP ( NP ( DT the ) ( NN debut ) ( NN commercial ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Shearson ) ( POS 's ) ) ( JJ new ) ( NN ad ) ( NN campaign ) ) ( NP-TTL ( NP ( NN Leadership ) ) ( PP ( IN by ) ( NP ( NN Example ) ) ) ) ) ) ) ) ) ) ) ) )

The ad would have run during the World Series tomorrow replacing the debut commercial of Shearson 's new ad campaign Leadership by Example


( S ( CC But ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN meeting ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBD closed ) ( NP-TMP ( NN yesterday ) ) ) ) ) ( NP-SBJ-1 ( NNP Shearson ) ( NNS executives ) ) ( VP ( VBD decided ) ( S ( RB not ) ( VP ( TO to ) ( VP ( VB go ) ( ADVP-CLR ( RB ahead ) ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NN stock-market ) ( NN ad ) ) ) ) ) ) ) )

But in a meeting after the market closed yesterday Shearson executives decided not to go ahead with the stock-market ad


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB think ) ( PP-TMP ( IN at ) ( NP ( DT this ) ( NN point ) ) ) ( SBAR ( S ( NP-SBJ-2 ( NN anything ) ) ( VP ( VBZ needs ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBD said ) ) ) ) ) ) ) ) ) ) )

We do n't think at this point anything needs to be said


( SINV ( S-TPC-2 ( S ( NP-SBJ-1 ( DT The ) ( NN market ) ) ( VP ( VBZ seems ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBG straightening ) ( PRT ( RP out ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP 're ) ( VP ( VBG taking ) ( NP ( DT a ) ( JJ wait-and-see ) ( NN attitude ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Cathleen ) ( NNP B. ) ( NNP Stewart ) ) ( NP ( NP ( JJ executive ) ( NN vice ) ( NN president ) ) ( PP ( IN of ) ( NP ( NN marketing ) ) ) ) ) )

The market seems to be straightening out we 're taking a wait-and-see attitude says Cathleen B. Stewart executive vice president of marketing


( S ( PP ( IN In ) ( NP ( DT any ) ( NN case ) ) ) ( NP-SBJ-1 ( DT the ) ( NN brokerage ) ( NNS firms ) ) ( VP ( VBP are ) ( ADVP ( RB clearly ) ) ( VP ( VBG moving ) ( ADVP ( ADVP ( RBR faster ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB create ) ( NP ( JJ new ) ( NNS ads ) ) ) ) ) ( SBAR-2 ( IN than ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD did ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( NN fall ) ) ( PP ( IN of ) ( NP ( CD 1987 ) ) ) ) ) ) ) ) ) ) )

In any case the brokerage firms are clearly moving faster to create new ads than they did in the fall of 1987


( S ( CC But ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ remains ) ( S-PRD ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN seen ) ) ) ) ) ( SBAR-2 ( IN whether ) ( S ( NP-SBJ ( PRP$ their ) ( NNS ads ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( ADVP ( DT any ) ( RBR more ) ) ( JJ effective ) ) ) ) ) ) ) )

But it remains to be seen whether their ads will be any more effective


( S ( PP-TMP ( IN In ) ( NP ( CD 1987 ) ) ) ( PP ( IN despite ) ( NP ( NP ( DT a ) ( NN barrage ) ) ( PP ( IN of ) ( NP ( NP ( NNS ads ) ) ( PP ( IN from ) ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ major ) ( NN investment ) ( NNS firms ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNS individuals ) ) ( VP ( VBD ran ) ( PP-DIR ( IN from ) ( NP ( DT the ) ( NN market ) ) ) ( ADVP-MNR ( FW en ) ( FW masse ) ) ) )

In 1987 despite a barrage of ads from most of the major investment firms individuals ran from the market en masse


( S ( ADVP-TMP ( RB Now ) ) ( NP-SBJ-1 ( DT the ) ( NNS firms ) ) ( VP ( MD must ) ( VP ( VB try ) ( NP ( PRP$ their ) ( JJS hardest ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB prove ) ( SBAR ( DT that ) ( S ( NP-SBJ ( NN advertising ) ) ( VP ( MD can ) ( VP ( VB work ) ( NP-TMP ( NP ( DT this ) ( NN time ) ) ( ADVP ( RP around ) ) ) ) ) ) ) ) ) ) ) ) )

Now the firms must try their hardest to prove that advertising can work this time around


Ad Notes


( NP-HLN ( NNP ARNOLD ) ( NNP ADVERTISING ) )

ARNOLD ADVERTISING


( S ( NP-SBJ ( NP ( NNP Edward ) ( NNP Eskandarian ) ) ( NP ( NP ( JJ former ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( NNP Della ) ( NNP Femina ) ( NNP McNamee ) ( NNP WCRS\/Boston ) ) ) ) ) ( VP ( VBD reached ) ( NP ( NP ( DT an ) ( NN agreement ) ) ( PP ( IN in ) ( NP ( NN principle ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( DT a ) ( JJ majority ) ( NN stake ) ) ( PP ( IN in ) ( NP ( NP ( NNP Arnold ) ( NNP Advertising ) ) ( NP ( DT a ) ( JJ small ) ( NNP Boston ) ( NN shop ) ) ) ) ) ) ) ) ) ) )

Edward Eskandarian former chairman of Della Femina McNamee WCRS\/Boston reached an agreement in principle to acquire a majority stake in Arnold Advertising a small Boston shop


( S ( NP-SBJ-1 ( NNS Terms ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBN disclosed ) ) ) )

Terms were n't disclosed


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Eskandarian ) ) ( SBAR ( WHNP-4 ( WP who ) ) ( S ( VP ( VBD resigned ) ( NP ( PRP$ his ) ( NNP Della ) ( NNP Femina ) ( NN post ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ) ) ) ) ( VP ( VBZ becomes ) ( NP-PRD ( NP ( NP ( NN chairman ) ) ( CC and ) ( NP ( JJ chief ) ( NN executive ) ) ) ( PP ( IN of ) ( NP ( NNP Arnold ) ) ) ) ) )

Mr. Eskandarian who resigned his Della Femina post in September becomes chairman and chief executive of Arnold


( S ( NP-SBJ ( NP ( NNP John ) ( NNP Verret ) ) ( NP ( NP ( DT the ) ( NN agency ) ( POS 's ) ) ( NN president ) ( CC and ) ( JJ chief ) ( NN executive ) ) ) ( VP ( MD will ) ( VP ( VB retain ) ( NP ( NP ( DT the ) ( NN title ) ) ( PP ( IN of ) ( NP ( NN president ) ) ) ) ) ) )

John Verret the agency 's president and chief executive will retain the title of president


( S ( ADVP ( NNP Separately ) ) ( NP-SBJ ( NP ( NP ( NNP McDonald ) ( POS 's ) ) ( NNP Corp. ) ) ( NP-LOC ( NP ( NNP Oak ) ( NNP Brook ) ) ( NP ( NNP Ill. ) ) ) ) ( VP ( VBD named ) ( S ( NP-SBJ ( NNP Arnold ) ) ( VP ( TO to ) ( VP ( VB handle ) ( NP ( NP ( PRP$ its ) ( VBN estimated ) ( ADJP ( QP ( CD 4 ) ( CD million ) ) ) ( JJ cooperative ) ( NN ad ) ( NN account ) ) ( PP ( IN for ) ( NP ( DT the ) ( NAC-LOC ( NNP Hartford ) ( NNP Conn. ) ) ( NN area ) ) ) ) ) ) ) ) )

Separately McDonald 's Corp. Oak Brook Ill. named Arnold to handle its estimated 4 million cooperative ad account for the Hartford Conn. area


( S ( NP-SBJ-1 ( DT That ) ( NN account ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN handled ) ( PP ( IN by ) ( NP-LGS ( NNP Della ) ( NNP Femina ) ( NNP McNamee ) ( NNP WCRS ) ) ) ) ) ) )

That account had been handled by Della Femina McNamee WCRS


EDUCATION ADS


( S ( NP-SBJ ( NP ( DT A ) ( JJ 142-page ) ( NN ad ) ( NN supplement ) ) ( PP ( TO to ) ( NP ( NP ( NNP Business ) ( NNP Week ) ( POS 's ) ) ( JJ special ) ( NNP Corporate ) ( NNP Elite ) ( NN issue ) ) ) ) ( VP ( VBZ calls ) ( PP-CLR ( IN on ) ( NP ( NN business ) ( NNS leaders ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB use ) ( NP ( PRP$ their ) ( NN clout ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB help ) ( S ( VP ( VB solve ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( NN education ) ( NN crisis ) ) ) ) ) ) ) ) ) ) ) )

A 142-page ad supplement to Business Week 's special Corporate Elite issue calls on business leaders to use their clout to help solve the nation 's education crisis


( S ( NP-SBJ ( NP ( DT The ) ( NN supplement ) ) ( NP ( NP ( DT the ) ( JJS largest ) ) ( ADVP ( RB ever ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN magazine ) ) ) ) ) ( VP ( VP ( VBZ includes ) ( NP ( NP ( NNS ads ) ) ( PP ( IN from ) ( NP ( CD 52 ) ( JJ corporate ) ( NNS advertisers ) ) ) ) ) ( CC and ) ( VP ( NNS kicks ) ( PRT ( RP off ) ) ( NP ( NP ( DT a ) ( JJ two-year ) ( NNP Business ) ( NNP Week ) ( NN initiative ) ) ( PP ( IN on ) ( NP ( NN education ) ) ) ) ) ) )

The supplement the largest ever for the magazine includes ads from 52 corporate advertisers and kicks off a two-year Business Week initiative on education


( S ( NP-SBJ ( DT The ) ( NN magazine ) ) ( VP ( MD will ) ( VP ( VB distribute ) ( NP ( NP ( CD 10 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ gross ) ( NNS revenues ) ) ( PP ( IN from ) ( NP ( DT the ) ( NN supplement ) ) ) ) ) ) ( PP ( IN as ) ( NP ( NP ( NNS grants ) ) ( PP ( TO to ) ( NP ( JJ innovative ) ( NNS teachers ) ) ) ) ) ) ) )

The magazine will distribute 10 % of the gross revenues from the supplement as grants to innovative teachers


( S ( NP-SBJ ( DT The ) ( NN market ) ( NN upheaval ) ) ( ADVP ( RB apparently ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN triggered ) ( NP ( DT any ) ( NN cash ) ( NN crunch ) ) ( ADVP-TMP ( RB yet ) ) ) ) )

The market upheaval apparently has n't triggered any cash crunch yet


( S ( S ( NP-SBJ ( NP ( NP ( JJ Individual ) ( NNS investors ) ) ( NP ( NN investment ) ( NNS firms ) ) ( CC and ) ( NP ( NNS arbitragers ) ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP speculate ) ( PP-CLR-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNS stocks ) ) ( PP ( IN of ) ( NP ( NN takeover ) ( NNS candidates ) ) ) ) ) ) ) ) ) ( VP ( MD can ) ( VP ( VB suffer ) ( NP ( NN liquidity ) ( CC and ) ( NN payment ) ( NNS problems ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NNS stocks ) ) ( VP ( VBP dive ) ) ) ) ) ) ) ( S ( NP-SBJ-3 ( DT those ) ( NNS investors ) ) ( ADVP ( RB often ) ) ( VP ( VP ( VBP borrow ) ( ADVP-MNR ( RB heavily ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB buy ) ( NP ( PRP$ their ) ( NNS holdings ) ) ) ) ) ) ( CC and ) ( VP ( VB use ) ( NP ( DT the ) ( NNS stocks ) ) ( PP-CLR ( IN as ) ( NP ( NP ( NN collateral ) ) ( PP ( IN for ) ( NP ( NNS loans ) ) ) ) ) ) ) ) )

Individual investors investment firms and arbitragers who speculate in the stocks of takeover candidates can suffer liquidity and payment problems when stocks dive those investors often borrow heavily to buy their holdings and use the stocks as collateral for loans


( S ( CC But ) ( NP-SBJ ( JJ several ) ( JJ large ) ( NNS banks ) ) ( VP ( VBD said ) ( NP-TMP ( NN yesterday ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD detected ) ( NP ( NP ( DT no ) ( NNS signs ) ) ( PP ( IN of ) ( NP ( NP ( JJ unusual ) ( NN demand ) ) ( PP ( IN for ) ( NP ( NN credit ) ) ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB signal ) ( NP ( JJ such ) ( NNS difficulties ) ) ) ) ) ) ) ) ) ) ) )

But several large banks said yesterday they detected no signs of unusual demand for credit that would signal such difficulties


( SINV ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( VP ( VBG seeing ) ( NP ( NP ( NN nothing ) ) ( PP ( IN out ) ( PP ( IN of ) ( NP ( DT the ) ( JJ ordinary ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( CD one ) ( NN official ) ) ( PP-LOC ( IN at ) ( NP ( DT a ) ( JJ Top ) ( CD 10 ) ( NN bank ) ) ) ) )

We 're seeing nothing out of the ordinary said one official at a Top 10 bank


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( NP-PRD ( JJ good ) ( NN news ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NP ( PRP we ) ) ( NP ( DT all ) ) ) ( VP ( VBP swim ) ( PP-LOC ( IN in ) ( NP ( DT this ) ( NN water ) ) ) ) ) ) ) )

That 's good news because we all swim in this water


( SINV ( VP ( VBD Added ) ) ( NP-SBJ ( NP ( DT another ) ( NN executive ) ) ( PP-LOC ( IN at ) ( NP ( DT a ) ( JJ big ) ( NN bank ) ) ) ) ( S-2 ( S ( NP-SBJ-3 ( PRP We ) ) ( VP ( VBD were ) ( DT all ) ( ADJP-PRD ( NP-ADV ( DT a ) ( JJ little ) ) ( JJ goosey ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( NN weekend ) ) ) ( S-ADV ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB forecast ) ( SBAR ( WHNP-1 ( WP what ) ) ( S ( VP ( MD would ) ( VP ( VB happen ) ( NP-TMP ( NNP Monday ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( VP ( VBN been ) ( ADJP-PRD ( RB very ) ( JJ quiet ) ) ) ) ) ) )

Added another executive at a big bank We were all a little goosey over the weekend trying to forecast what would happen Monday but it 's been very quiet


( FRAG ( ADVP-TMP ( RB Now ) ) ( PP ( IN as ) ( PP ( IN for ) ( NP ( NN tomorrow ) ) ) ) ( INTJ ( UH hell ) ) ( SBARQ ( WHNP-1 ( WP who ) ) ( SQ ( VP ( VBZ knows ) ) ) ) )

Now as for tomorrow hell who knows


( S ( NP-SBJ-1 ( NP ( NNP Richard ) ( NNP G. ) ( NNP Sim ) ) ( NP ( NP ( DT the ) ( NN man ) ) ( VP ( VBN credited ) ( PP-CLR ( IN with ) ( S-NOM ( VP ( VBG transforming ) ( NP ( NNP Applied ) ( NNP Power ) ( NNP Inc. ) ) ( PP-CLR ( IN from ) ( NP ( DT an ) ( NN underachiever ) ) ) ( PP-CLR ( IN into ) ( NP ( NP ( DT a ) ( JJ feisty ) ( NN player ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ global ) ( NN market ) ) ( PP ( IN for ) ( NP ( JJ hydraulic ) ( NNS tools ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ hopes ) ( S ( VP ( TO to ) ( VP ( VB guide ) ( NP ( NP ( DT a ) ( JJ similar ) ( NN turnaround ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJS latest ) ( NN acquisition ) ) ( NP ( NNP Barry ) ( NNP Wright ) ( NNP Corp ) ) ) ) ) ) ) ) ) )

Richard G. Sim the man credited with transforming Applied Power Inc. from an underachiever into a feisty player in the global market for hydraulic tools hopes to guide a similar turnaround at the company 's latest acquisition Barry Wright Corp


( S ( NP-SBJ ( DT The ) ( JJ 45-year-old ) ( JJ former ) ( NNP General ) ( NNP Electric ) ( NNP Co. ) ( NN executive ) ) ( VP ( VBZ figures ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJR easier ) ) ( NP-TMP ( DT this ) ( NN time ) ) ) ) ) ) ) )

The 45-year-old former General Electric Co. executive figures it will be easier this time


( S ( CC But ) ( NP-SBJ-1 ( NNS analysts ) ) ( SBAR-ADV ( IN while ) ( S ( VP ( VBG applauding ) ( NP ( DT the ) ( NN acquisition ) ) ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Applied ) ( POS 's ) ) ( JJ chief ) ( NN executive ) ) ( VP ( VBZ faces ) ( NP ( NP ( DT a ) ( JJ tough ) ( NN challenge ) ) ( PP ( IN in ) ( S-NOM ( VP ( VBG integrating ) ( NP ( DT the ) ( CD two ) ( NNS companies ) ) ) ) ) ) ) ) ) ) )

But analysts while applauding the acquisition say Applied 's chief executive faces a tough challenge in integrating the two companies


( S ( NP-SBJ ( NP ( NNP Barry ) ( NNP Wright ) ) ( VP ( VBN acquired ) ( PP ( IN by ) ( NP-LGS ( NNP Applied ) ) ) ( PP-CLR ( IN for ) ( NP ( QP ( CD 147 ) ( CD million ) ) ) ) ) ) ( VP ( VBZ makes ) ( NP ( NP ( JJ computer-room ) ( NN equipment ) ) ( CC and ) ( NP ( JJ vibration-control ) ( NNS systems ) ) ) ) )

Barry Wright acquired by Applied for 147 million makes computer-room equipment and vibration-control systems


( S ( S ( NP-SBJ ( NP ( DT The ) ( NAC-LOC ( NNP Watertown ) ( NNP Mass. ) ) ( NN company ) ( POS 's ) ) ( NNS sales ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( ADJP-PRD ( JJ dormant ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP$ its ) ( NNS profits ) ) ( VP ( VBP have ) ( VP ( VBN dropped ) ) ) ) )

The Watertown Mass. company 's sales have been dormant and its profits have dropped


( S ( NP-SBJ ( NP ( NP ( JJ Last ) ( NN year ) ( POS 's ) ) ( NNS earnings ) ) ( PP ( IN of ) ( NP ( QP ( CD 1.3 ) ( CD million ) ) ) ) ( PP ( VBG including ) ( NP ( NP ( CD 815,000 ) ) ( PP ( IN from ) ( NP ( DT a ) ( NN restructuring ) ( NN gain ) ) ) ) ) ) ( VP ( VBD were ) ( PP-LOC-PRD ( RB far ) ( IN below ) ( NP ( DT the ) ( JJ year-earlier ) ( QP ( CD 8.4 ) ( CD million ) ) ) ) ) )

Last year 's earnings of 1.3 million including 815,000 from a restructuring gain were far below the year-earlier 8.4 million


( S ( PP ( IN Besides ) ( S-NOM ( VP ( VBG spurring ) ( NP ( NP ( NP ( NNP Barry ) ( NNP Wright ) ( POS 's ) ) ( NNS sales ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD were ) ( NP-PRD ( QP ( CD 201.7 ) ( CD million ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1988 ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNP Mr. ) ( NNP Sim ) ) ( VP ( MD must ) ( VP ( VB pare ) ( NP ( PRP$ its ) ( NNS costs ) ( CC and ) ( NN product ) ( NN line ) ) ) ) )

Besides spurring Barry Wright 's sales which were 201.7 million in 1988 Mr. Sim must pare its costs and product line


( SINV ( S-TPC-3 ( NP-SBJ ( DT The ) ( NN question ) ) ( VP ( VBZ is ) ( SBAR-PRD ( WHNP-2 ( WRB how ) ( JJ long ) ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ 's ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB take ) ( NP-4 ( NNP Barry ) ( NNP Wright ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB make ) ( NP ( DT a ) ( NN contribution ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP F. ) ( NNP John ) ( NNP Mirek ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Blunt ) ( NNP Ellis ) ( NNP Loewi ) ) ( PP-LOC ( IN in ) ( NP ( NNP Milwaukee ) ) ) ) ) ) ) )

The question is how long it 's going to take Barry Wright to make a contribution says F. John Mirek an analyst at Blunt Ellis Loewi in Milwaukee


( S ( NP-SBJ-1 ( DT The ) ( NN answer ) ) ( VP ( MD will ) ( VP ( VB help ) ( S ( VP ( VB determine ) ( SBAR ( IN whether ) ( S ( NP-SBJ-2 ( VBN Applied ) ) ( VP ( VBZ continues ) ( S ( VP ( TO to ) ( VP ( VB reach ) ( NP ( NP ( DT the ) ( JJ ambitious ) ( NNS goals ) ) ( VP ( VBN set ) ( PP ( IN by ) ( NP-LGS ( NNP Mr. ) ( NNP Sim ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The answer will help determine whether Applied continues to reach the ambitious goals set by Mr. Sim


( S ( S ( NP-SBJ ( DT The ) ( NAC-LOC ( NNP Butler ) ( NNP Wis. ) ) ( NN manufacturer ) ) ( VP ( VBD went ) ( ADJP-PRD ( JJ public ) ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 15.75 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ( CD 1987 ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Sim ) ( POS 's ) ) ( NN goal ) ) ( ADVP-TMP ( RB then ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( ADJP ( CD 29 ) ( JJ per-share ) ) ( NN price ) ) ( PP-TMP ( IN by ) ( NP-TMP ( CD 1992 ) ) ) ) ) )

The Butler Wis. manufacturer went public at 15.75 a share in August 1987 and Mr. Sim 's goal then was a 29 per-share price by 1992


( S ( NP-SBJ-1 ( JJ Strong ) ( NNS earnings ) ( NN growth ) ) ( VP ( VBD helped ) ( S ( VP ( VB achieve ) ( NP ( DT that ) ( NN price ) ) ( ADVP-TMP ( RB far ) ( RB ahead ) ( PP ( IN of ) ( NP ( NN schedule ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ( CD 1988 ) ) ) ) ) ) )

Strong earnings growth helped achieve that price far ahead of schedule in August 1988


( S ( NP-SBJ-1 ( DT The ) ( NN stock ) ) ( VP ( VBZ has ) ( ADVP-TMP ( IN since ) ) ( VP ( VBN softened ) ( S-ADV ( VP ( VP ( VBG trading ) ( NP ( NP ( QP ( RB around ) ( CD 25 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ) ( CC and ) ( VP ( VBG closing ) ( NP-TMP ( NN yesterday ) ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 23.00 ) ) ( PP-LOC ( IN in ) ( NP ( JJ national ) ( JJ over-the-counter ) ( NN trading ) ) ) ) ) ) ) ) ) ) )

The stock has since softened trading around 25 a share last week and closing yesterday at 23.00 in national over-the-counter trading


( S ( CC But ) ( NP-SBJ ( NNP Mr. ) ( NNP Sim ) ) ( VP ( VBZ has ) ( VP ( VBN set ) ( NP ( NP ( DT a ) ( JJ fresh ) ( NN target ) ) ( PP ( IN of ) ( NP ( NP ( CD 50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-TMP ( IN by ) ( NP ( NP ( DT the ) ( NN end ) ) ( X ( IN of ) ) ) ) ) ) )

But Mr. Sim has set a fresh target of 50 a share by the end of


( S-1 ( S-NOM-SBJ ( VP ( VBG Reaching ) ( NP ( DT that ) ( NN goal ) ) ) ) ( PRN ( SINV ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Robert ) ( NNP T. ) ( NNP Foote ) ) ( NP ( NP ( NNP Applied ) ( POS 's ) ) ( JJ chief ) ( JJ financial ) ( NN officer ) ) ) ) ) ( VP ( MD will ) ( VP ( VB require ) ( NP ( NP ( NP ( JJ efficient ) ( NN reinvestment ) ) ( PP ( IN of ) ( NP ( NN cash ) ) ) ( PP ( IN by ) ( NP ( NNP Applied ) ) ) ) ( CC and ) ( NP ( NP ( NN continuation ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( JJ healthy ) ( ADJP ( CD 19 ) ( NN % ) ) ( NN rate ) ) ( PP ( IN of ) ( NP ( NP ( NN return ) ) ( PP ( IN on ) ( NP ( NN operating ) ( NN capital ) ) ) ) ) ) ) ) ) ) ) )

Reaching that goal says Robert T. Foote Applied 's chief financial officer will require efficient reinvestment of cash by Applied and continuation of its healthy 19 % rate of return on operating capital


( S ( PP-LOC ( IN In ) ( NP ( NNP Barry ) ( NNP Wright ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Sim ) ) ( VP ( VBZ sees ) ( NP ( NP ( DT a ) ( NN situation ) ) ( ADJP ( RB very ) ( JJ similar ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( CD one ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD faced ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD joined ) ( NP ( NNP Applied ) ) ( PP-CLR ( IN as ) ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( NN chief ) ( VBG operating ) ( NN officer ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1985 ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In Barry Wright Mr. Sim sees a situation very similar to the one he faced when he joined Applied as president and chief operating officer in 1985


( S ( NP-SBJ ( NP ( NNP Applied ) ) ( PRN ( ADVP-TMP ( RB then ) ) ( NP ( DT a ) ( ADJP ( RB closely ) ( VBN held ) ) ( NN company ) ) ) ) ( VP ( VBD was ) ( VP ( VBG stagnating ) ( PP-LOC ( IN under ) ( NP ( NP ( DT the ) ( NN management ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( VBG controlling ) ( NN family ) ) ) ) ) ) ) )

Applied then a closely held company was stagnating under the management of its controlling family


( S ( S-TPC-1 ( SBAR-ADV ( IN While ) ( FRAG ( ADJP ( JJ profitable ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VP ( VBD was ) ( RB n't ) ( VP ( VBG growing ) ) ) ( CC and ) ( VP ( VBD was ) ( RB n't ) ( VP ( VBG providing ) ( NP ( NP ( DT a ) ( JJ satisfactory ) ( NN return ) ) ( PP ( IN on ) ( NP ( VBN invested ) ( NN capital ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

While profitable it was n't growing and was n't providing a satisfactory return on invested capital he says


( S ( NP-SBJ ( NNP Mr. ) ( NNP Sim ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ confident ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN drive ) ( S ( VP ( TO to ) ( VP ( VB dominate ) ( NP ( JJ certain ) ( NN niche ) ( NNS markets ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB work ) ( PP-LOC ( IN at ) ( NP ( NNP Barry ) ( NNP Wright ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( PP-LOC ( IN at ) ( NP ( NNP Applied ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Sim is confident that the drive to dominate certain niche markets will work at Barry Wright as it has at Applied


( S ( NP-SBJ ( PRP He ) ) ( ADVP ( RB also ) ) ( VP ( VBZ professes ) ( NP ( NP ( DT an ) ( JJ evangelical ) ( NN fervor ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB develop ) ( NP ( NP ( DT a ) ( JJ corporate ) ( NN culture ) ) ( SBAR ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ rewards ) ( NP ( NP ( NNS managers ) ) ( SBAR ( WHNP-3 ( WP who ) ) ( S ( VP ( VBP produce ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( WHADVP-5 ( WRB where ) ) ( S ( NP-SBJ-1 ( NN decision-making ) ) ( VP ( VBZ is ) ( VP ( VBN shared ) ) ) ) ) ) ) ) ) ) ) ) ) )

He also professes an evangelical fervor to develop a corporate culture that rewards managers who produce and where decision-making is shared


( S ( NP-SBJ ( NNP Mr. ) ( NNP Sim ) ) ( VP ( VP ( VBZ considers ) ( S ( NP-SBJ ( NP ( DT the ) ( JJ new ) ( NN unit ) ( POS 's ) ) ( NNS operations ) ) ( ADJP-PRD ( RB fundamentally ) ( JJ sound ) ) ) ) ( CC and ) ( VP ( VBZ adds ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Barry ) ( NNP Wright ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( RB fairly ) ( JJ successful ) ( PP ( IN in ) ( S-NOM ( VP ( VBG moving ) ( PP-DIR ( IN into ) ( NP ( NP ( NNS markets ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP have ) ( RB n't ) ( VP ( VBN interested ) ( NP ( JJR larger ) ( NNS competitors ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Sim considers the new unit 's operations fundamentally sound and adds that Barry Wright has been fairly successful in moving into markets that have n't interested larger competitors