( S ( PP ( IN For ) ( NP ( NP ( DT the ) ( CD three ) ( NNS months ) ) ( VP ( VBN ended ) ( PP-TMP-CLR ( IN in ) ( NP ( NNP September ) ) ) ) ) ) ( NP-SBJ ( JJ retail ) ( NNS sales ) ( NN volume ) ) ( VP ( VBD was ) ( ADVP-PRD ( ADVP ( RB down ) ( NP ( CD 0.5 ) ( NN % ) ) ( PP-DIR ( IN from ) ( NP-TMP ( DT the ) ( JJ previous ) ( CD three ) ( NNS months ) ) ) ) ( CC and ) ( ADVP ( RB up ) ( NP ( CD 1.2 ) ( NN % ) ) ( PP-DIR ( IN from ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) )

For the three months ended in September retail sales volume was down 0.5 % from the previous three months and up 1.2 % from a year earlier


( S ( NP-SBJ ( DT An ) ( JJ American ) ( NN journalist ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ is ) ( VP ( VBG standing ) ( NP-CLR ( NN trial ) ) ( PP-LOC ( IN in ) ( NP ( NNP Namibia ) ) ) ) ) )

An American journalist now is standing trial in Namibia


( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NN place ) ) ( SBAR ( WHNP-1 ( DT that ) ) ( S ( NP-SBJ ( NN world ) ( NN opinion ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG celebrating ) ( PP-CLR ( IN over ) ) ( PP-PRP ( IN in ) ( NP ( DT the ) ( NN expectation ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ 's ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB hold ) ( NP ( DT an ) ( NN election ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

This is the place that world opinion has been celebrating over in the expectation that it 's going to hold an election


( S ( NP-SBJ ( DT The ) ( ADJP ( RBS most ) ( JJ likely ) ) ( NN winner ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( DT the ) ( JJ Marxist-dominated ) ( NNP SWAPO ) ( NNS rebels ) ) ) ) )

The most likely winner will be the Marxist-dominated SWAPO rebels


( S ( NP-SBJ ( NP ( DT The ) ( NNP U.S. ) ( NN journalist ) ( POS 's ) ) ( NN crime ) ) ( VP ( VBD was ) ( VP ( VBG writing ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NP ( DT the ) ( NN head ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN commission ) ) ) ( VP ( VBN charged ) ( PP-CLR ( IN with ) ( S-NOM ( VP ( VBG overseeing ) ( NP ( NP ( DT the ) ( NN election ) ( POS 's ) ) ( NN fairness ) ) ) ) ) ) ) ( NP ( NNP Bryan ) ( NNP O'Linn ) ) ) ( VP ( VBD was ) ( ADJP-PRD ( RB openly ) ( JJ sympathetic ) ( PP ( TO to ) ( NP ( NNP SWAPO ) ) ) ) ) ) ) ) ) )

The U.S. journalist 's crime was writing that the head of the commission charged with overseeing the election 's fairness Bryan O'Linn was openly sympathetic to SWAPO


( S ( PP-TMP ( RB Shortly ) ( IN after ) ( NP ( DT that ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP O'Linn ) ) ( VP ( VBD had ) ( S ( S ( NP-SBJ-1 ( NNP Scott ) ( NNP Stanley ) ) ( VP ( VBN arrested ) ) ) ( CC and ) ( S ( NP-SBJ-2 ( PRP$ his ) ( NN passport ) ) ( VP ( VBN confiscated ) ) ) ) ) )

Shortly after that Mr. O'Linn had Scott Stanley arrested and his passport confiscated


( S ( NP-SBJ ( NNP Mr. ) ( NNP Stanley ) ) ( VP ( VBZ is ) ( PP-PRD ( IN on ) ( NP ( NP ( NN trial ) ) ( PP ( IN over ) ( NP ( NNS charges ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD violated ) ( NP ( NP ( DT a ) ( NN proclamation ) ) ( VP ( VBN issued ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( ADJP ( JJ South ) ( JJ African ) ) ( NN administrator ) ( NN general ) ) ) ( NP-TMP ( ADVP ( RBR earlier ) ) ( DT this ) ( NN year ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD made ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( NP-PRD ( NP ( DT a ) ( NN crime ) ) ( ADJP ( JJ punishable ) ( PP ( IN by ) ( NP ( NP ( CD two ) ( NNS years ) ) ( PP-LOC ( IN in ) ( NP ( NN prison ) ) ) ) ) ) ) ( SBAR-2 ( IN for ) ( S ( NP-SBJ ( DT any ) ( NN person ) ) ( VP ( TO to ) ( VP ( VB insult ) ( JJ disparate ) ( CC or ) ( VB belittle ) ( NP ( DT the ) ( NN election ) ( NN commission ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Stanley is on trial over charges that he violated a proclamation issued by the South African administrator general earlier this year which made it a crime punishable by two years in prison for any person to insult disparate or belittle the election commission


( S ( NP-SBJ ( DT The ) ( NNP Stanley ) ( NN affair ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB bode ) ( ADVP-CLR ( RB well ) ) ( PP-CLR ( IN for ) ( NP ( NP ( DT the ) ( NN future ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NN democracy ) ) ( CC or ) ( NP ( NP ( NN freedom ) ) ( PP ( IN of ) ( NP ( NN anything ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Namibia ) ) ) ) ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ-2 ( NNP SWAPO ) ) ( VP ( VBZ starts ) ( S ( VP ( VBG running ) ( NP ( DT the ) ( NN government ) ) ) ) ) ) ) ) ) )

The Stanley affair does n't bode well for the future of democracy or freedom of anything in Namibia when SWAPO starts running the government


( S ( PP ( TO To ) ( NP ( DT the ) ( NN extent ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Stanley ) ) ( VP ( VBZ has ) ( VP ( VBN done ) ( NP ( NP ( NN anything ) ) ( ADJP ( JJ wrong ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD may ) ( VP ( VB be ) ( SBAR-PRD ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( PP-PRD ( IN out ) ( PP ( IN of ) ( NP ( NP ( NN step ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN consensus ) ) ( PP ( IN of ) ( NP ( NN world ) ( NNS intellectuals ) ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( DT the ) ( JJ Namibian ) ( NNS guerrillas ) ) ( VP ( VBD were ) ( PP ( IN above ) ( NP ( DT all ) ( RB else ) ) ) ( NP-PRD ( NP ( DT the ) ( NNS victims ) ) ( PP ( IN of ) ( NP ( NP ( NN suppression ) ) ( PP ( IN by ) ( NP ( JJ neighboring ) ( NNP South ) ( NNP Africa ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

To the extent Mr. Stanley has done anything wrong it may be that he is out of step with the consensus of world intellectuals that the Namibian guerrillas were above all else the victims of suppression by neighboring South Africa


( S ( NP-SBJ ( NNP SWAPO ) ) ( VP ( VBZ has ) ( VP ( VBN enjoyed ) ( NP ( JJ favorable ) ( JJ Western ) ( NNS media ) ( NN treatment ) ) ( SBAR-TMP ( RB ever ) ( IN since ) ( S ( NP-SBJ ( DT the ) ( NNP U.N. ) ( NNP General ) ( NNP Assembly ) ) ( VP ( VBD declared ) ( S ( NP-SBJ ( PRP it ) ) ( NP-PRD ( NP ( DT the ) ( JJ sole ) ( JJ authentic ) ( NN representative ) ) ( PP ( IN of ) ( NP ( NP ( NNP Namibia ) ( POS 's ) ) ( NNS people ) ) ) ( X ( IN in ) ) ) ) ) ) ) ) ) )

SWAPO has enjoyed favorable Western media treatment ever since the U.N. General Assembly declared it the sole authentic representative of Namibia 's people in


( S ( NP-TMP ( JJ Last ) ( NN year ) ) ( NP-SBJ ( DT the ) ( NNP U.S. ) ) ( VP ( VBD brokered ) ( NP ( DT a ) ( NN peace ) ( NN settlement ) ) ( S-PRP ( VP ( TO to ) ( VP ( VP ( VB remove ) ( NP ( NP ( NNP Cuba ) ( POS 's ) ) ( NNP Afrika ) ( NNP Korps ) ) ( PP-CLR ( IN from ) ( NP ( NNP Angola ) ) ) ) ( CC and ) ( VP ( VB hold ) ( NP ( NP ( ADJP ( JJ free ) ( CC and ) ( JJ fair ) ) ( NNS elections ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB end ) ( NP ( NP ( NP ( NNP South ) ( NNP Africa ) ( POS 's ) ) ( NN control ) ) ( PP ( IN of ) ( NP ( NNP Namibia ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Last year the U.S. brokered a peace settlement to remove Cuba 's Afrika Korps from Angola and hold free and fair elections that would end South Africa 's control of Namibia


( S ( NP-SBJ-1 ( DT The ) ( NNS elections ) ) ( VP ( VBP are ) ( VP ( VBN set ) ( PP-TMP-CLR ( IN for ) ( NP ( NNP Nov. ) ( CD 7 ) ) ) ) ) )

The elections are set for Nov. 7


( S ( PP-TMP ( IN In ) ( NP ( NNP July ) ) ) ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Stanley ) ) ( NP ( NP ( NN editor ) ) ( PP ( IN of ) ( NP ( NP ( NNP American ) ( NNP Press ) ( NNP International ) ) ( NP ( DT a ) ( ADJP ( NNP Washington ) ( JJ D.C.-based ) ) ( JJ conservative ) ( NN wire ) ( NN service ) ) ) ) ) ) ( VP ( VBD visited ) ( NP ( NNP Namibia ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB report ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( JJ U.N.-monitored ) ( NN election ) ( NN campaign ) ) ) ) ) ) ) )

In July Mr. Stanley editor of American Press International a Washington D.C.-based conservative wire service visited Namibia to report on the U.N.-monitored election campaign


( S ( NP-SBJ ( PRP He ) ) ( VP ( VP ( VBD interviewed ) ( NP ( NP ( NNP Mr. ) ( NNP O'Linn ) ) ( NP ( NP ( NN head ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN commission ) ) ( VP ( VBN charged ) ( PP-CLR ( IN with ) ( S-NOM ( VP ( VBG investigating ) ( NP ( JJ electoral ) ( NN intimidation ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD reported ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP O'Linn ) ) ( VP ( VP ( VBD was ) ( ADJP-PRD ( RB openly ) ( JJ sympathetic ) ( PP ( TO to ) ( NP ( NNP SWAPO ) ) ) ) ) ( CC and ) ( VP ( ADVP ( RB indeed ) ) ( VBD had ) ( VP ( VBN defended ) ( NP ( PRP$ its ) ( NNS leaders ) ) ( PP-LOC ( IN in ) ( NP ( NN court ) ) ) ) ) ) ) ) ) ) )

He interviewed Mr. O'Linn head of a commission charged with investigating electoral intimidation and reported that Mr. O'Linn was openly sympathetic to SWAPO and indeed had defended its leaders in court


( S ( SBAR-TMP ( IN After ) ( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Stanley ) ( POS 's ) ) ( NN article ) ) ( VP ( VBD was ) ( VP ( VBN published ) ( PP-LOC ( IN in ) ( NP ( CD two ) ( JJ Namibian ) ( NNS newspapers ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP O'Linn ) ) ( VP ( VBD had ) ( NP ( JJ criminal ) ( NNS charges ) ) ( VP ( VBN brought ) ( PP-CLR ( IN against ) ( NP ( PRP$ their ) ( NNS editors ) ( NN publisher ) ( CC and ) ( NN lawyer ) ) ) ) ) )

After Mr. Stanley 's article was published in two Namibian newspapers Mr. O'Linn had criminal charges brought against their editors publisher and lawyer


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Stanley ) ) ( VP ( VBD was ) ( VP ( VBN arrested ) ( CC and ) ( VBN charged ) ( ADVP ( IN along ) ( PP ( IN with ) ( NP ( DT the ) ( NNS others ) ) ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD returned ) ( PP-DIR ( TO to ) ( NP ( NNP Namibia ) ) ) ( NP-TMP ( DT this ) ( NN month ) ) ) ) ) ) ) )

Mr. Stanley was arrested and charged along with the others when he returned to Namibia this month


( S ( NP-SBJ ( DT Both ) ( NP ( DT the ) ( NNP State ) ( NNP Department ) ) ( CC and ) ( NP ( NP ( DT the ) ( NNP Lawyers ) ( NNP Committee ) ) ( PP ( IN for ) ( NP ( NP ( NNP Freedom ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Press ) ) ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN protested ) ( NP ( NP ( NNP Mr. ) ( NNP Stanley ) ( POS 's ) ) ( NN detention ) ) ) ) )

Both the State Department and the Lawyers Committee for Freedom of the Press have protested Mr. Stanley 's detention


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Stanley ) ( POS 's ) ) ( NN arrest ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( JJS latest ) ) ( PP ( IN in ) ( NP ( NP ( DT a ) ( NN series ) ) ( PP ( IN of ) ( NP ( NP ( NNS incidents ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP threaten ) ( S ( VP ( TO to ) ( VP ( VB derail ) ( NP ( NP ( NNP Namibia ) ( POS 's ) ) ( NNS elections ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Stanley 's arrest is the latest in a series of incidents that threaten to derail Namibia 's elections


( S ( NP-SBJ ( DT Both ) ( UCP ( NNP South ) ( NNP African ) ( CC and ) ( NNP SWAPO ) ) ( NNS extremists ) ) ( VP ( VBP are ) ( VP ( VBG intimidating ) ( NP ( NNS voters ) ) ) ) )

Both South African and SWAPO extremists are intimidating voters


( S ( NP-SBJ ( DT The ) ( NNP U.S. ) ) ( VP ( VBZ is ) ( PP-PRD ( IN in ) ( NP ( NP ( DT the ) ( NN habit ) ) ( PP ( IN of ) ( S-NOM ( VP ( VP ( VBG arranging ) ( NP ( NN peace ) ( NNS settlements ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB then ) ) ( VBG washing ) ( NP ( PRP$ its ) ( NNS hands ) ) ( PP ( IN over ) ( NP ( DT the ) ( JJ tragic ) ( NNS results ) ) ) ) ) ) ) ) ) ) )

The U.S. is in the habit of arranging peace settlements and then washing its hands over the tragic results


( S ( NP-SBJ ( PRP It ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ has ) ( NP ( DT the ) ( NN chance ) ( S ( VP ( TO to ) ( VP ( VB redress ) ( NP ( DT that ) ( NN record ) ) ( PP-LOC ( IN in ) ( NP ( NNP Namibia ) ) ) ) ) ) ) ) )

It now has the chance to redress that record in Namibia


( S ( NP-SBJ ( NP ( NNP State ) ) ( CC and ) ( NP ( DT the ) ( JJ human-rights ) ( NN community ) ) ) ( VP ( MD should ) ( VP ( VB insist ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Stanley ) ) ( CC and ) ( NP ( PRP$ his ) ( JJ fellow ) ( NNS defendants ) ) ) ( VP ( VB be ) ( VP ( VBN released ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NNP United ) ( NNP Nation ) ( POS 's ) ) ( NNS monitors ) ) ( VP ( VB make ) ( ADJP-CLR ( JJ certain ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP O'Linn's ) ( NN commission ) ) ( VP ( VBZ investigates ) ( NP ( NP ( NN election ) ( NNS complaints ) ) ( PP ( IN from ) ( NP ( DT all ) ( NNS sides ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

State and the human-rights community should insist that Mr. Stanley and his fellow defendants be released and that the United Nation 's monitors make certain that Mr. O'Linn's commission investigates election complaints from all sides


( S ( PP-TMP ( IN For ) ( NP ( DT the ) ( NN moment ) ) ) ( ADVP ( IN at ) ( JJS least ) ) ( NP-SBJ ( NN euphoria ) ) ( VP ( VBZ has ) ( VP ( VBN replaced ) ( NP ( NN anxiety ) ) ( PP-LOC ( IN on ) ( NP ( NNP Wall ) ( NNP Street ) ) ) ) ) )

For the moment at least euphoria has replaced anxiety on Wall Street


( S ( S ( NP-SBJ-2 ( DT The ) ( NNP Dow ) ( NNP Jones ) ( NNP Industrial ) ( NNP Average ) ) ( VP ( VBD jumped ) ( ADVP-MNR ( RB sharply ) ) ( NP-TMP ( NN yesterday ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB close ) ( PP-CLR ( IN at ) ( NP ( CD 2657.38 ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( NN panic ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB sweep ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( NNS markets ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( NP ( NNS investors ) ) ( ADJP ( JJ large ) ( CC and ) ( JJ small ) ) ) ( VP ( VBD seemed ) ( S ( VP ( TO to ) ( VP ( VB accept ) ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( VBG dizzying ) ( JJ 190-point ) ( NN plunge ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT a ) ( JJ sharp ) ( NN correction ) ) ( RB not ) ( NP ( DT a ) ( NN calamity ) ) ) ) ) ) ) ) ) )

The Dow Jones Industrial Average jumped sharply yesterday to close at 2657.38 panic did n't sweep the world 's markets and investors large and small seemed to accept Friday 's dizzying 190-point plunge as a sharp correction not a calamity


( S ( NP-SBJ ( JJ Many ) ) ( VP ( VBD went ) ( NP ( NN bargain-hunting ) ) ) )

Many went bargain-hunting


( SINV ( PP-PRD-LOC-TPC-2 ( IN Among ) ( NP ( NP ( DT those ) ) ( VP ( VBG sighing ) ( PP ( IN with ) ( NP ( NN relief ) ) ) ) ) ) ( VP ( VBD was ) ) ( NP-SBJ ( NP ( NNP John ) ( NNP H. ) ( NNP Gutfreund ) ) ( NP ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( NNP Salomon ) ( NNP Brothers ) ) ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD took ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN firm ) ( POS 's ) ) ( NN trading ) ( NN floor ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB monitor ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NNS events ) ) ) ) ) ) ) ) ) )

Among those sighing with relief was John H. Gutfreund chairman of Salomon Brothers who took to the firm 's trading floor to monitor yesterday 's events


( S ( SBAR ( IN As ) ( S ( NP-SBJ ( DT the ) ( NN rally ) ) ( VP ( VBD gained ) ( NP ( NN strength ) ) ( PP-TMP ( IN at ) ( NP ( CD 3:15 ) ( NN p.m. ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VP ( VBD smiled ) ( ADVP-MNR ( RB broadly ) ) ) ( VP ( VBD brandished ) ( NP ( PRP$ his ) ( NN unlit ) ( NN cigar ) ) ) ( CC and ) ( VP ( VBD slapped ) ( NP ( NP ( NNP Stanley ) ( NNP Shopkorn ) ) ( NP ( PRP$ his ) ( JJ top ) ( NN stock ) ( NN trader ) ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NN back ) ) ) ) ) )

As the rally gained strength at 3:15 p.m. he smiled broadly brandished his unlit cigar and slapped Stanley Shopkorn his top stock trader on the back


( S ( PP ( IN At ) ( ADJP ( JJ first ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD seemed ) ( SBAR-CLR ( IN as ) ( IN if ) ( S ( NP-SBJ ( NN history ) ) ( VP ( MD might ) ( VP ( VB repeat ) ( NP ( PRP itself ) ) ) ) ) ) ) )

At first it seemed as if history might repeat itself


( S ( SBAR-TMP ( IN As ) ( S ( NP-SBJ ( NN trading ) ) ( VP ( VBD opened ) ( NP-TMP ( NN yesterday ) ( NN morning ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP Big ) ( NNP Board ) ) ) ) ) ) ( NP-SBJ ( NP ( NNS stocks ) ) ( PP ( IN of ) ( NP ( NP ( JJ many ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( JJS biggest ) ( NNS companies ) ) ) ) ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB open ) ( PP ( IN for ) ( NP ( NN trading ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NP ( DT a ) ( NN wave ) ) ( PP ( IN of ) ( NP ( NN sell ) ( NNS orders ) ) ) ) ( VP ( VBD was ) ( VP ( VBG overwhelming ) ( NP ( NNS buyers ) ) ) ) ) ) ) ) )

As trading opened yesterday morning on the Big Board stocks of many of the nation 's biggest companies could n't open for trading because a wave of sell orders was overwhelming buyers


( S ( PP-TMP ( IN By ) ( NP ( CD 10:10 ) ) ) ( S ( NP-SBJ ( DT the ) ( NNP Dow ) ( NNP Industrials ) ) ( VP ( VBD were ) ( ADVP-PRD ( JJ off ) ( NP ( CD 63.52 ) ( NNS points ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( DT the ) ( NN stock ) ) ( PP ( IN of ) ( NP ( NP ( NNP UAL ) ( NNP Corp. ) ) ( SBAR ( WHNP-1 ( WP$ whose ) ( NNS troubles ) ) ( S ( VP ( VBD had ) ( VP ( VBN kicked ) ( PRT ( RP off ) ) ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NN plunge ) ) ) ) ) ) ) ) ) ( ADVP ( RB still ) ) ( VP ( VBD had ) ( RB n't ) ( VP ( VBN opened ) ) ) ) )

By 10:10 the Dow Industrials were off 63.52 points and the stock of UAL Corp. whose troubles had kicked off Friday 's plunge still had n't opened


( S ( CC But ) ( ADVP ( RB then ) ) ( ADVP ( ADVP ( RB as ) ( RB quickly ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( DT the ) ( NNP Dow ) ) ( VP ( VBD had ) ( VP ( VBN fallen ) ) ) ) ) ) ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD began ) ( S ( VP ( TO to ) ( VP ( VB turn ) ( PRT ( RP around ) ) ) ) ) ) )

But then as quickly as the Dow had fallen it began to turn around


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD ended ) ( PP-MNR ( IN with ) ( NP ( NP ( DT a ) ( NN gain ) ) ( PP ( IN of ) ( NP ( CD 88.12 ) ( NNS points ) ) ) ) ) ) )

It ended with a gain of 88.12 points


( S ( PP-TMP ( IN By ) ( NP ( NP ( DT the ) ( NN market ) ( POS 's ) ) ( NN close ) ) ) ( NP-SBJ ( NP ( NN volume ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NN exchange ) ) ) ) ( VP ( VBD totaled ) ( NP ( NP ( QP ( JJR more ) ( IN than ) ( CD 416 ) ( CD million ) ) ) ( NP ( NP ( DT the ) ( JJ fourth ) ( JJS highest ) ) ( PP-LOC ( IN on ) ( NP ( NN record ) ) ) ) ) ) )

By the market 's close volume on the New York exchange totaled more than 416 million the fourth highest on record


( S ( NP-SBJ ( DT The ) ( NNP Big ) ( NNP Board ) ) ( VP ( VBD handled ) ( NP ( DT the ) ( JJ huge ) ( NN volume ) ) ( PP ( IN without ) ( NP ( DT any ) ( JJ obvious ) ( NN strain ) ) ) ( PP ( IN in ) ( NP ( NP ( JJ sharp ) ( NN contrast ) ) ( PP ( TO to ) ( NP ( NP ( NNP Black ) ( NNP Monday ) ) ( PP ( IN of ) ( NP ( CD 1987 ) ) ) ) ) ) ) ) )

The Big Board handled the huge volume without any obvious strain in sharp contrast to Black Monday of 1987


( S ( CC But ) ( NP-SBJ-3 ( DT the ) ( NN rally ) ) ( VP ( VBD was ) ( VP ( ADVP ( RB largely ) ) ( VBN confined ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( JJ blue-chip ) ( NNS stocks ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( ADVP ( RB hard ) ) ( VBN hit ) ( PP ( IN during ) ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NN selling ) ( NN frenzy ) ) ) ) ) ) ) ) ) ) ) ) )

But the rally was largely confined to the blue-chip stocks which had been hard hit during Friday 's selling frenzy


( S ( ADJP ( JJ Overall ) ) ( NP-SBJ ( NP ( JJR more ) ( NNP Big ) ( NNP Board ) ( NNS stocks ) ) ) ( VP ( VBD lost ) ( NP ( NN money ) ) ( SBAR-1 ( IN than ) ( S ( VP ( VBN gained ) ) ) ) ) )

Overall more Big Board stocks lost money than gained


( S ( CC And ) ( NP-SBJ ( NP ( JJ many ) ( NNS arbitragers ) ) ( VP ( ADVP ( RB already ) ) ( VBG reeling ) ( PP-CLR ( IN from ) ( NP ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NN collapse ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP UAL ) ( NN deal ) ) ) ) ) ) ) ( VP ( VBD were ) ( ADVP ( RBR further ) ) ( ADJP-PRD ( VBN hurt ) ) ( NP-TMP ( NN yesterday ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NP ( DT a ) ( VBN proposed ) ( NN takeover ) ) ( PP ( IN of ) ( NP ( NP ( NNP AMR ) ( NNP Corp. ) ) ( NP ( NP ( DT the ) ( NN parent ) ) ( PP ( IN of ) ( NP ( NNP American ) ( NNP Airlines ) ) ) ) ) ) ) ( VP ( VBD collapsed ) ) ) ) ) )

And many arbitragers already reeling from Friday 's collapse of the UAL deal were further hurt yesterday when a proposed takeover of AMR Corp. the parent of American Airlines collapsed


( S ( ADVP ( RB Indeed ) ) ( NP-SBJ ( DT the ) ( NNP Dow ) ( NNP Jones ) ( NNP Transportation ) ( NNP Average ) ) ( VP ( VBD plunged ) ( NP-EXT ( CD 102.06 ) ( NNS points ) ) ( NP-ADV ( NP ( PRP$ its ) ( JJ second-worst ) ( NN drop ) ) ( PP ( IN in ) ( NP ( NN history ) ) ) ) ) )

Indeed the Dow Jones Transportation Average plunged 102.06 points its second-worst drop in history


( S ( ADVP-LOC ( JJ World-wide ) ) ( NP-SBJ ( NN trading ) ) ( VP ( VBD was ) ( ADVP ( RB generally ) ) ( ADJP-PRD ( JJ manageable ) ) ) )

World-wide trading was generally manageable


( S ( NP-SBJ-1 ( NP ( DT The ) ( NNP Frankfurt ) ( NN stock ) ( NN exchange ) ) ) ( VP ( VBD was ) ( ADVP ( RBS hardest ) ) ( VP ( VBN hit ) ( PP-2 ( IN of ) ( NP ( DT the ) ( JJ major ) ( NNS markets ) ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( JJ blue ) ( NNS chips ) ) ( NP-LOC ( RB there ) ) ( VP ( VBG falling ) ( NP-EXT ( CD 12.8 ) ( NN % ) ) ) ) ) ) ) )

The Frankfurt stock exchange was hardest hit of the major markets with blue chips there falling 12.8 %


( S ( S ( PP-LOC ( IN In ) ( NP ( NNP London ) ) ) ( NP-SBJ ( DT a ) ( NN midday ) ( NN rally ) ) ( VP ( VBD left ) ( S ( NP-SBJ ( NP ( DT the ) ( NN market ) ( POS 's ) ) ( JJ major ) ( NN index ) ) ( ADVP-PRD ( IN off ) ( NP ( CD 3.2 ) ( NN % ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( NNP Tokyo ) ( POS 's ) ) ( VBG leading ) ( NN stock ) ( NN index ) ) ( VP ( VBD fell ) ( NP-EXT ( QP ( RB only ) ( CD 1.8 ) ) ( NN % ) ) ( PP-LOC ( IN in ) ( NP ( RB surprisingly ) ( NN lackluster ) ( NN trading ) ) ) ) ) )

In London a midday rally left the market 's major index off 3.2 % and Tokyo 's leading stock index fell only 1.8 % in surprisingly lackluster trading


( S ( S ( NP-SBJ-1 ( JJ Other ) ( ADJP ( RBR more ) ( RB thinly ) ( VBN traded ) ) ( JJ Asian ) ( NNS markets ) ) ( VP ( VBD were ) ( VP ( VBN hit ) ( ADVP-MNR ( ADVP ( RBR harder ) ) ( PP ( IN than ) ( NP ( NNP Tokyo ) ( POS 's ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBD were ) ( NP-PRD ( DT no ) ( JJ free-fall ) ( NNS declines ) ) ) ) )

Other more thinly traded Asian markets were hit harder than Tokyo 's but there were no free-fall declines


( S ( S ( NP-SBJ ( NP ( NNS Investors ) ) ( ADJP ( JJ big ) ( CC and ) ( JJ small ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD learned ) ( NP ( JJ valuable ) ( NNS lessons ) ) ( PP-TMP ( IN since ) ( NP ( DT the ) ( CD 1987 ) ( NN crash ) ) ) ) ) ) ) ) ( S ( PP-TMP ( IN In ) ( NP ( NP ( DT this ) ( NN age ) ) ( PP ( IN of ) ( NP ( VBN computerized ) ( NN trading ) ) ) ) ) ( NP-SBJ-1 ( NP ( JJ huge ) ( NNS corrections ) ) ( CC or ) ( NP ( NP ( NNS runups ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT a ) ( JJ few ) ( NNS hours ) ( POS ' ) ) ( NN time ) ) ) ) ) ( VP ( MD must ) ( VP ( VB be ) ( VP ( VBN expected ) ) ) ) ) )

Investors big and small say they learned valuable lessons since the 1987 crash In this age of computerized trading huge corrections or runups in a few hours ' time must be expected


( S ( SBAR-ADV ( WHNP-1 ( WP What ) ) ( S ( VP ( VBZ 's ) ( ADJP-PRD ( JJR more ) ) ) ) ) ( NP-SBJ ( JJ such ) ( JJ short-term ) ( NNS cataclysms ) ) ( VP ( VP ( VBP are ) ( ADJP-PRD ( JJ survivable ) ) ) ( CC and ) ( VP ( VBP are ) ( NP-PRD ( NP ( DT no ) ( NN cause ) ) ( PP ( IN for ) ( NP ( NN panic ) ( NN selling ) ) ) ) ) ) )

What 's more such short-term cataclysms are survivable and are no cause for panic selling


( S ( NP-SBJ ( NP ( NNP Stephen ) ( NNP Boesel ) ) ( NP ( NP ( DT a ) ( JJ major ) ( NN money ) ( NN manager ) ) ( PP ( IN for ) ( NP ( NP ( NNP T. ) ( NNP Rowe ) ( NNP Price ) ) ( PP-LOC ( IN in ) ( NP ( NNP Baltimore ) ) ) ) ) ) ) ( VP ( VBZ says ) ( S ( S ( NP-SBJ ( EX There ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( JJR less ) ( NN panic ) ) ( PP ( IN than ) ( PP-TMP ( IN in ) ( NP ( CD 1987 ) ) ) ) ) ) ) ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( PP-PRD ( IN through ) ( NP ( PRP it ) ) ) ( ADVP-TMP ( RB once ) ) ) ) ) ) ) )

Stephen Boesel a major money manager for T. Rowe Price in Baltimore says There was less panic than in 1987 We had been through it once


( S ( PP-LOC ( IN In ) ( NP ( NP ( NNP Somerset ) ) ( NP ( NNP Wis. ) ) ) ) ( NP-SBJ ( NP ( NNP Adrian ) ( NNP Sween ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VP ( VBZ owns ) ( NP ( NP ( DT a ) ( NN supplier ) ) ( PP ( IN of ) ( NP ( NN nursing-home ) ( NN equipment ) ) ) ) ) ( CC and ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( JJ active ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ) ) ) ) ) ) ( VP ( VBZ agrees ) ) )

In Somerset Wis. Adrian Sween who owns a supplier of nursing-home equipment and is n't active in the stock market agrees


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP look ) ( PP-CLR ( IN at ) ( NP ( PRP it ) ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( JJ ho-hum ) ( NN matter ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

I look at it as a ho-hum matter he says


( S ( NP-SBJ ( JJ Many ) ( JJ other ) ( NNS factors ) ) ( VP ( VBD played ) ( NP ( DT a ) ( NN part ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NN comeback ) ) ) ) )

Many other factors played a part in yesterday 's comeback


( S ( S ( NP-SBJ ( DT The ) ( NNP Federal ) ( NNP Reserve ) ) ( VP ( VBD signaled ) ( NP ( PRP$ its ) ( NN willingness ) ( S ( VP ( TO to ) ( VP ( VB provide ) ( NP ( NN liquidity ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( NP ( DT the ) ( NN interest ) ( NN rate ) ) ( PP ( IN on ) ( NP ( NP ( PRP$ its ) ( NNS loans ) ) ( PP ( TO to ) ( NP ( JJ major ) ( NNS banks ) ) ) ) ) ) ( VP ( VBD inched ) ( ADVP-DIR ( RB downward ) ) ( ADVP-TMP ( JJ early ) ( PP ( IN in ) ( NP ( DT the ) ( NN day ) ) ) ) ) ) )

The Federal Reserve signaled its willingness to provide liquidity the interest rate on its loans to major banks inched downward early in the day


( S ( NP-SBJ ( NP ( JJ Foreign ) ( NN stock ) ( NNS markets ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD kicked ) ( PRT ( RP off ) ) ( NP-TMP ( NNP Black ) ( NNP Monday ) ) ( PP-MNR ( IN with ) ( NP ( DT a ) ( JJ huge ) ( NN selling ) ( NN spree ) ) ) ) ) ) ) ( VP ( VBD began ) ( NP-TMP-CLR ( DT the ) ( NN day ) ) ( ADVP ( JJ off ) ( PP ( IN by ) ( NP ( RB relatively ) ( JJ modest ) ( NNS amounts ) ) ) ) ) )

Foreign stock markets which kicked off Black Monday with a huge selling spree began the day off by relatively modest amounts


( S ( NP-SBJ-1 ( DT The ) ( NN dollar ) ) ( PP ( IN after ) ( S-NOM ( VP ( VBG falling ) ( ADVP-MNR ( RB sharply ) ) ( PP-TMP ( IN in ) ( NP ( JJ overnight ) ( NN trading ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 139.10 ) ( NNS yen ) ) ) ) ) ) ( VP ( VBD bounced ) ( ADVP-CLR ( RB back ) ) ( ADVP-MNR ( RB strongly ) ) ( PP-DIR ( TO to ) ( NP ( CD 141.8 ) ) ) ( S-ADV ( VP ( ADVP ( RB thus ) ) ( VBG easing ) ( NP ( NNS fears ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS foreigners ) ) ( VP ( MD would ) ( VP ( VB unload ) ( NP ( NNP U.S. ) ( NNS stocks ) ) ) ) ) ) ) ) ) ) )

The dollar after falling sharply in overnight trading to 139.10 yen bounced back strongly to 141.8 thus easing fears that foreigners would unload U.S. stocks


( S ( CC And ) ( NP-SBJ ( NP ( DT the ) ( ADJP ( RB widely ) ( VBN disseminated ) ) ( NN opinion ) ) ( PP-LOC ( IN among ) ( NP ( JJS most ) ( NN market ) ( NNS experts ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT a ) ( NN crash ) ) ( VP ( VBD was ) ( RB n't ) ( PP-PRD ( IN in ) ( NP ( NN store ) ) ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBD helped ) ( VP ( VB calm ) ( NP ( NNS investors ) ) ) ) )

And the widely disseminated opinion among most market experts that a crash was n't in store also helped calm investors


( S ( NP-SBJ-2 ( ADJP ( JJ Many ) ( JJ major ) ) ( NNS institutions ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( VP ( VBD came ) ( PP-DIR ( IN into ) ( NP ( NN work ) ) ) ( NP-TMP ( NN yesterday ) ) ( ADJP-PRD ( JJ ready ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ blue ) ( NNS chips ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD felt ) ( SBAR ( S ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( ADVP-MNR ( RB sharply ) ) ( VBN undervalued ) ( PP-TMP ( IN on ) ( NP ( NNP Friday ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Many major institutions for example came into work yesterday ready to buy some of the blue chips they felt had been sharply undervalued on Friday


( S ( ADVP ( RB Still ) ) ( PP-LOC ( IN amid ) ( NP ( NP ( DT all ) ( DT the ) ( VBG backslapping ) ) ( CC and ) ( NP ( NP ( NNS signs ) ) ( PP ( IN of ) ( NP ( NP ( NN relief ) ) ( PP ( IN over ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NNS events ) ) ) ) ) ) ) ) ( NP-SBJ ( DT some ) ( NN market ) ( NNS professionals ) ) ( VP ( VBD cautioned ) ( SBAR ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NN nothing ) ) ( ADJP ( JJ present ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ current ) ( NN market ) ( NN system ) ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB prevent ) ( NP ( NP ( DT another ) ( JJ dizzying ) ( NN drop ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NNP Friday ) ( POS 's ) ) ) ) ) ) ) ) ) ) ) ) ) )

Still amid all the backslapping and signs of relief over yesterday 's events some market professionals cautioned that there is nothing present in the current market system to prevent another dizzying drop such as Friday 's


( SINV ( S-TPC-1 ( NP-SBJ ( EX There ) ) ( VP ( VBZ is ) ( NP-PRD ( ADJP ( RB too ) ( JJ much ) ) ( NN complacency ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NN money ) ( NN manager ) ( NNP Barry ) ( NNP Schrager ) ) )

There is too much complacency says money manager Barry Schrager


( S ( NP-SBJ ( NNS Computers ) ) ( VP ( VBP have ) ( ADVP ( RB increasingly ) ) ( VP ( JJ connected ) ( NP ( NP ( NNS securities ) ( NNS markets ) ) ( ADJP ( JJ world-wide ) ) ) ( SBAR-PRP ( RB so ) ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT a ) ( NN buying ) ( CC or ) ( NN selling ) ( NN wave ) ) ( PP-LOC ( IN in ) ( NP ( CD one ) ( NN market ) ) ) ) ( VP ( VBZ is ) ( ADVP-TMP ( RB often ) ) ( VP ( VBN passed ) ( PP-LOC ( IN around ) ( NP ( DT the ) ( NN globe ) ) ) ) ) ) ) ) ) )

Computers have increasingly connected securities markets world-wide so that a buying or selling wave in one market is often passed around the globe


( S ( ADVP ( RB So ) ) ( NP-SBJ ( NP ( NNS investors ) ) ( ADVP-LOC ( RB everywhere ) ) ) ( VP ( ADVP-MNR ( RB nervously ) ) ( VBD eyed ) ( NP ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NN opening ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Tokyo ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( NP ( DT the ) ( NNP Nikkei ) ( NN average ) ) ( PP ( IN of ) ( NP ( CD 225 ) ( JJ blue-chip ) ( NNS stocks ) ) ) ) ( VP ( VBD got ) ( PRT ( RP off ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( JJ rocky ) ( NN start ) ) ) ) ) ) ) ) ) ) )

So investors everywhere nervously eyed yesterday 's opening in Tokyo where the Nikkei average of 225 blue-chip stocks got off to a rocky start


( S ( NP-SBJ ( DT The ) ( NN average ) ) ( VP ( VBD plunged ) ( NP-EXT ( NP ( QP ( DT some ) ( CD 600 ) ) ( NNS points ) ) ( CC or ) ( NP ( CD 1.7 ) ( NN % ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ first ) ( CD 20 ) ( NNS minutes ) ) ( PP ( IN of ) ( NP ( NN trading ) ) ) ) ) ) )

The average plunged some 600 points or 1.7 % in the first 20 minutes of trading


( S ( CC But ) ( S ( NP-SBJ ( DT the ) ( NN selling ) ( NN wave ) ) ( VP ( VBD had ) ( NP ( DT no ) ( NN conviction ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VP ( ADVP-TMP ( RB first ) ) ( VBD surged ) ( ADVP-DIR ( RB upward ) ) ( PP-EXT ( IN by ) ( NP ( CD 200 ) ( NNS points ) ) ) ) ( VP ( ADVP-TMP ( RB then ) ) ( VBD drifted ) ( ADVP-DIR ( RBR lower ) ) ( S-CLR ( VP ( VBG closing ) ( ADVP-CLR ( RB down ) ( NP ( CD 647 ) ) ) ) ) ) ) ) )

But the selling wave had no conviction and the market first surged upward by 200 points then drifted lower closing down 647


( S ( PP ( IN Unlike ) ( NP ( CD two ) ( NNS years ) ( RB ago ) ) ) ( NP-SBJ-1 ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( JJ major ) ( NNS investors ) ) ) ) ( VP ( VBD chose ) ( S ( VP ( TO to ) ( VP ( VB sit ) ( NP ( DT this ) ( NN calamity ) ) ( PRT ( RP out ) ) ) ) ) ) )

Unlike two years ago most of Japan 's major investors chose to sit this calamity out


( S ( PP-LOC ( IN In ) ( NP ( NP ( NNP Merrill ) ( NNP Lynch ) ( CC & ) ( NNP Co. ) ( POS 's ) ) ( NNP Tokyo ) ( NN trading ) ( NN room ) ) ) ( NP-SBJ ( QP ( DT some ) ( CD 40 ) ) ( NNS traders ) ( CC and ) ( NNS assistants ) ) ( VP ( VBD sat ) ( ADVP-MNR ( RB quietly ) ) ( PP ( IN with ) ( NP ( NP ( JJ few ) ( NNS orders ) ) ( PP ( TO to ) ( NP ( NN process ) ) ) ) ) ) )

In Merrill Lynch & Co. 's Tokyo trading room some 40 traders and assistants sat quietly with few orders to process


( S ( S-TPC-1 ( NP-SBJ ( NP ( NNS Clients ) ) ) ( VP ( VBP are ) ( DT all ) ( VP ( VBG staying ) ( PP-LOC ( IN out ) ( PP ( IN of ) ( NP ( DT the ) ( NN market ) ) ) ) ) ) ) ( NP-SBJ ( CD one ) ( NNP Merrill ) ( NN trader ) ) ( VP ( VBZ says ) ) )

Clients are all staying out of the market one Merrill trader says


( S ( NP-SBJ ( NP ( DT The ) ( JJ relative ) ( NN calm ) ) ( PP-LOC ( IN in ) ( NP ( NNP Tokyo ) ) ) ) ( VP ( VBD proved ) ( NP-PRD ( NP ( JJ little ) ( NN comfort ) ) ( PP ( TO to ) ( NP ( NP ( NNS markets ) ) ( VP ( VBG opening ) ( PRT ( RP up ) ) ( PP-LOC ( IN in ) ( NP ( NNP Europe ) ) ) ) ) ) ) ) )

The relative calm in Tokyo proved little comfort to markets opening up in Europe


( S ( NP-SBJ-1 ( NP ( NNP Frankfurt ) ( POS 's ) ) ( NN opening ) ) ( VP ( VBD was ) ( VP ( VBN delayed ) ( NP-TMP ( DT a ) ( JJ half ) ( NN hour ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT a ) ( NN crush ) ) ( PP ( IN of ) ( NP ( NN sell ) ( NNS orders ) ) ) ) ) ) ) )

Frankfurt 's opening was delayed a half hour because of a crush of sell orders


( SINV ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN beginning ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ chaotic ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Nigel ) ( NNP Longley ) ) ( NP ( NP ( DT a ) ( NN broker ) ) ( PP ( IN for ) ( NP ( NNP Commerzbank ) ) ) ) ) )

The beginning was chaotic says Nigel Longley a broker for Commerzbank


( S ( PP-LOC ( IN In ) ( NP ( NNP London ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN view ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NN trading ) ( NN floor ) ) ( PP ( IN of ) ( NP ( NP ( DT an ) ( JJ American ) ( NNS securities ) ( NN firm ) ) ( NP ( NNP Jefferies ) ( CC & ) ( NNP Co. ) ) ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ troubling ) ) ) )

In London the view from the trading floor of an American securities firm Jefferies & Co. also was troubling


( S ( NP-SBJ ( NP ( DT A ) ( NN computer ) ( NN screen ) ) ( VP ( VBG displaying ) ( NP ( CD 100 ) ( JJ blue-chip ) ( NNS stocks ) ) ) ) ( VP ( NNS colors ) ( NP-2 ( DT each ) ( CD one ) ) ( S-CLR ( NP-PRD ( NN red ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP$ its ) ( NN price ) ) ( VP ( VBZ is ) ( VP ( VBG falling ) ) ) ) ) ) )

A computer screen displaying 100 blue-chip stocks colors each one red when its price is falling


( S ( NP-SBJ ( DT The ) ( NN screen ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( NN sea ) ) ( PP ( IN of ) ( NP ( NN red ) ) ) ) ) )

The screen was a sea of red


( SINV ( S-TPC-2 ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP see ) ( NP ( NN concern ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB see ) ( NP ( NN panic ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP J. ) ( NNP Francis ) ( NNP Palamara ) ) ( NP ( NP ( DT a ) ( NNP New ) ( NNP Yorker ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ runs ) ( NP ( DT the ) ( JJ 15-trader ) ( NN office ) ) ) ) ) ) ) )

I see concern but I do n't see panic says J. Francis Palamara a New Yorker who runs the 15-trader office


( S ( NP-SBJ-1 ( NP ( NNP London ) ( POS 's ) ) ( JJ blue-chip ) ( NN stock ) ( NN index ) ) ( VP ( VBD turned ) ( ADVP-DIR ( RB up ) ) ( PP-TMP ( RB just ) ( IN before ) ( NP ( NP ( CD 8 ) ( NN a.m ) ) ( NP ( NNP New ) ( NNP York ) ( NN time ) ) ) ) ( S-ADV ( VP ( VBG sending ) ( NP ( DT an ) ( JJ encouraging ) ( NN message ) ) ( PP-DTV ( TO to ) ( NP ( NNP Wall ) ( NNP Street ) ) ) ) ) ) )

London 's blue-chip stock index turned up just before 8 a.m New York time sending an encouraging message to Wall Street


( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( NN trading ) ) ( VP ( VBD opened ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ( PP-TMP ( IN at ) ( NP ( CD 9:30 ) ( NN a.m. ) ( NNP EDT ) ) ) ) ) ) ( NP-SBJ ( NNS stocks ) ) ( VP ( VBD fell ) ( ADVP-MNR ( RB sharply ) ) ( SBAR-ADV ( IN as ) ( S ( VP ( VBN expected ) ) ) ) ) )

When trading opened in New York at 9:30 a.m. EDT stocks fell sharply as expected


( S ( NP-SBJ ( NP ( NNS Futures ) ( NNS markets ) ) ( PP-LOC ( IN in ) ( NP ( NNP Chicago ) ) ) ) ( VP ( VBD had ) ( VP ( VBN opened ) ( PP-CLR ( IN at ) ( NP ( NP ( DT a ) ( NN level ) ) ( VP ( VBG suggesting ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP Dow ) ) ( VP ( MD would ) ( VP ( VB fall ) ( PP-EXT ( IN by ) ( NP ( QP ( RB about ) ( CD 60 ) ) ( NNS points ) ) ) ) ) ) ) ) ) ) ) ) )

Futures markets in Chicago had opened at a level suggesting the Dow would fall by about 60 points


( S ( PP ( IN With ) ( S-NOM ( NP-SBJ-2 ( NP ( NN sell ) ( NNS orders ) ) ) ( VP ( VBD piled ) ( PRT ( RP up ) ) ( PP-1 ( IN from ) ( NP ( NNP Friday ) ) ) ) ) ) ( NP-SBJ ( NP ( QP ( RB about ) ( PDT half ) ) ( DT the ) ( NNS stocks ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Dow ) ) ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB open ) ( PP-TMP ( IN on ) ( NP ( NN time ) ) ) ) ) )

With sell orders piled up from Friday about half the stocks in the Dow could n't open on time


( S ( PP-TMP ( IN By ) ( NP ( CD 9:45 ) ) ) ( NP-SBJ ( DT the ) ( JJ industrial ) ( NN average ) ) ( VP ( VBD had ) ( VP ( VBN dropped ) ( NP-EXT ( CD 27 ) ( NNS points ) ) ) ) )

By 9:45 the industrial average had dropped 27 points


( S ( PP-TMP ( IN By ) ( NP ( CD 10 ) ( NN a.m. ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( ADVP-PRD ( RB down ) ( NP ( CD 49 ) ) ) ) )

By 10 a.m. it was down 49


( S ( ADVP-TMP ( NP ( CD Ten ) ( NNS minutes ) ) ( RBR later ) ) ( NP-SBJ ( DT the ) ( NNP Dow ) ) ( VP ( VBD hit ) ( NP ( NN bottom ) ) ( ADVP ( RB down ) ( NP ( NP ( CD 63.52 ) ( NNS points ) ) ( NP ( QP ( DT another ) ( CD 2.5 ) ) ( NN % ) ) ) ) ) )

Ten minutes later the Dow hit bottom down 63.52 points another 2.5 %


( S ( CC But ) ( PP-TMP ( RB shortly ) ( IN before ) ( NP ( RB then ) ) ) ( NP-SBJ ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( NNP Wall ) ( NNP Street ) ( POS 's ) ) ( JJS sharpest ) ( NNS traders ) ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD sensed ) ( NP ( DT a ) ( NN turn ) ) ) ) ) ) )

But shortly before then some of Wall Street 's sharpest traders say they sensed a turn


( SINV ( S-TPC-3 ( NP-SBJ ( NP ( DT The ) ( JJ first ) ( NN thing ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD caught ) ( NP ( PRP$ my ) ( NN eye ) ) ) ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD was ) ( VP ( VBG encouraging ) ) ) ) ) ) ( VP ( VBD was ) ( SBAR-PRD ( S ( NP-SBJ ( NNP Treasury ) ( NNS bonds ) ) ( VP ( VBD were ) ( ADVP-PRD ( RB off ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Austin ) ( NNP George ) ) ( NP ( NP ( NN head ) ) ( PP ( IN of ) ( NP ( NN stock ) ( VBG trading ) ) ) ( PP-LOC ( IN at ) ( NP ( NNP T. ) ( NNP Rowe ) ( NNP Price ) ) ) ) ) )

The first thing that caught my eye that was encouraging was Treasury bonds were off says Austin George head of stock trading at T. Rowe Price


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD meant ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS people ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBG running ) ( ADVP ( NN pell-mell ) ) ( PP-DIR ( TO to ) ( NP ( NP ( DT the ) ( NN safety ) ) ( PP ( IN of ) ( NP ( NNS bonds ) ) ) ) ) ) ) ) ) ) )

It meant that people were n't running pell-mell to the safety of bonds


( S ( PP-TMP ( RB Shortly ) ( IN after ) ( NP ( CD 10 ) ( NN a.m. ) ) ) ( NP-SBJ ( NP ( DT the ) ( NNP Major ) ( NNP Market ) ( NNP Index ) ) ( NP ( NP ( DT a ) ( NAC ( NNP Chicago ) ( NNP Board ) ( PP ( IN of ) ( NP ( NNP Trade ) ) ) ) ( NNS futures ) ( VB contract ) ) ( PP ( IN of ) ( NP ( NP ( CD 20 ) ( NNS stocks ) ) ( VP ( VBN designed ) ( S-CLR ( VP ( TO to ) ( VP ( VB mimic ) ( NP ( DT the ) ( NNP DJIA ) ) ) ) ) ) ) ) ) ) ( VP ( VBD exploded ) ( ADVP-DIR ( RB upward ) ) ) )

Shortly after 10 a.m. the Major Market Index a Chicago Board of Trade futures contract of 20 stocks designed to mimic the DJIA exploded upward


( S ( NP-SBJ-1 ( NN Stock ) ( NNS traders ) ) ( VP ( VBD were ) ( VP ( VBN buoyed ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NP ( DT an ) ( NN upturn ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP MMI ) ) ) ) ( VP ( VBD had ) ( ADVP ( RB also ) ) ( VP ( VBN started ) ( NP ( NP ( DT the ) ( NN recovery ) ) ( PP ( IN in ) ( NP ( NNS stocks ) ) ) ) ( PP-TMP ( IN on ) ( NP ( NP ( DT the ) ( NNP Tuesday ) ) ( PP ( NN following ) ( NP ( NNP Black ) ( NNP Monday ) ) ) ) ) ) ) ) ) ) ) )

Stock traders were buoyed because an upturn in the MMI had also started the recovery in stocks on the Tuesday following Black Monday


( SINV ( S-TPC-1 ( NP-SBJ ( DT The ) ( NNP MMI ) ) ( VP ( VBZ has ) ( VP ( VBN gone ) ( ADVP-PRD ( RB better ) ) ) ) ) ( VP ( VBD shouted ) ) ( NP-SBJ ( NP ( DT a ) ( NN trader ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP London ) ( NN office ) ) ( PP ( IN of ) ( NP ( NNP Shearson ) ( NNP Lehman ) ( NNP Hutton ) ) ) ) ) ) )

The MMI has gone better shouted a trader in the London office of Shearson Lehman Hutton


( S ( NP-SBJ ( NP ( NNP Shearson ) ( POS 's ) ) ( NNP London ) ( VBG trading ) ( NN room ) ) ( VP ( VBD went ) ( ADJP-PRD ( JJ wild ) ) ) )

Shearson 's London trading room went wild


( S ( NP-SBJ ( NNS Traders ) ) ( VP ( VBD shouted ) ( PRT ( RP out ) ) ( SBAR-ADV ( RB as ) ( S ( NP-SBJ ( PRP$ their ) ( NNP Reuters ) ( NNP Quotron ) ( CC and ) ( NNP Telerate ) ( NNS screens ) ) ( VP ( VBD posted ) ( NP ( NP ( DT an ) ( JJ ever-narrowing ) ( NN loss ) ) ( PP-LOC ( IN on ) ( NP ( NNP Wall ) ( NNP Street ) ) ) ) ) ) ) ) )

Traders shouted out as their Reuters Quotron and Telerate screens posted an ever-narrowing loss on Wall Street


( S ( ADVP ( RB Then ) ) ( ADVP-TMP ( NP ( CD nine ) ( NNS minutes ) ) ( RB later ) ) ( NP-SBJ ( NNP Wall ) ( NNP Street ) ) ( ADVP-TMP ( RB suddenly ) ) ( VP ( VB rebounded ) ( PP-DIR ( TO to ) ( NP ( NP ( DT a ) ( NN gain ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN day ) ) ) ) ) ) )

Then nine minutes later Wall Street suddenly rebounded to a gain on the day


( SINV ( NP-TPC-1 ( VB Rally ) ( VB rally ) ( VB rally ) ) ( VP ( VBD shouted ) ) ( NP-SBJ ( NP ( NNP Shearson ) ( POS 's ) ) ( NNP Andy ) ( NNP Rosen ) ) )

Rally rally rally shouted Shearson 's Andy Rosen


( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( NP-PRD ( NN panic ) ( NN buying ) ) ) )

This is panic buying


( S ( NP-SBJ ( NP ( JJ Major ) ( JJ blue-chip ) ( NNS stocks ) ) ( PP ( IN like ) ( NP ( NP ( NNP Philip ) ( NNP Morris ) ) ( NP ( NNP General ) ( NNP Motors ) ) ( CC and ) ( NP ( NNP Proctor ) ( CC & ) ( NNP Gamble ) ) ) ) ) ( VP ( VBD led ) ( NP ( DT the ) ( NN rally ) ) ) )

Major blue-chip stocks like Philip Morris General Motors and Proctor & Gamble led the rally


( S ( NP-SBJ-1 ( NNP Japanese ) ) ( VP ( VBD were ) ( VP ( VBD said ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( NN heavy ) ( NNS buyers ) ) ) ) ) ) ) )

Japanese were said to be heavy buyers


( S ( NP-SBJ ( ADJP ( NNP German ) ( CC and ) ( NNP Dutch ) ) ( NNS investors ) ) ( VP ( ADVP ( RB reportedly ) ) ( VBD loaded ) ( PRT ( RP up ) ) ( PP-CLR ( IN on ) ( NP ( NNP Kellogg ) ( NNP Co ) ) ) ) )

German and Dutch investors reportedly loaded up on Kellogg Co


( S-1 ( ADVP-TMP ( RB Then ) ) ( PRN ( S ( NP-SBJ ( NNS traders ) ) ( VP ( VB say ) ) ) ) ( NP-SBJ ( NP ( NNS corporations ) ) ( PP ( IN with ) ( NP ( NN share ) ( JJ buy-back ) ( NNS programs ) ) ) ) ( VP ( VBN kicked ) ( PP-CLR ( IN into ) ( NP ( JJ high ) ( NN gear ) ) ) ( S-ADV ( VP ( VBG triggering ) ( NP ( NP ( NNS gains ) ) ( PP ( IN in ) ( PRN ( PP ( IN among ) ( NP ( JJ other ) ( NNS issues ) ) ) ) ( NP ( NP ( NNP Alcan ) ( NNP Aluminium ) ) ( CC and ) ( NP ( NNP McDonald ) ( POS 's ) ) ) ) ) ) ) ) )

Then traders say corporations with share buy-back programs kicked into high gear triggering gains in among other issues Alcan Aluminium and McDonald 's


( S ( NP-SBJ ( NP ( NNP Walt ) ( NNP Disney ) ( NNP Co. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VP ( VBD had ) ( NP ( NP ( NN one ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJS biggest ) ( JJ sell-order ) ( NNS imbalances ) ) ) ) ( PP-TMP ( IN on ) ( NP ( NNP Friday ) ) ) ) ( CC and ) ( VP ( VBD was ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( CD seven ) ( NNS stocks ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VP ( VBD halted ) ( NP ( NN trading ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB never ) ) ( VBD reopened ) ( NP-TMP ( DT that ) ( NN day ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD opened ) ( NP-TMP ( NN yesterday ) ) ( ADVP-TMP ( RB late ) ) ( PP-CLR ( IN at ) ( NP ( CD 114.5 ) ) ) ( ADVP ( RB down ) ( NP ( CD 8.5 ) ) ) ) )

Walt Disney Co. which had one of the biggest sell-order imbalances on Friday and was one of seven stocks that halted trading and never reopened that day opened yesterday late at 114.5 down 8.5


( S ( S-TPC-1 ( CC But ) ( ADVP-TMP ( RB then ) ) ( NP-SBJ ( PRP it ) ) ( ADVP-TMP ( RB suddenly ) ) ( VP ( VBD burst ) ( ADVP-DIR ( RB upward ) ) ( NP-EXT ( CD 7.5 ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( NNP Goldman ) ( NNP Sachs ) ( CC & ) ( NNP Co. ) ) ( VP ( VP ( VBD stepped ) ( ADVP-CLR ( RB in ) ) ) ( CC and ) ( VP ( VBD bought ) ( NP ( RB almost ) ( DT every ) ( NN share ) ( NN offer ) ) ) ) ) ) ) ) ( NP-SBJ ( NNS traders ) ) ( VP ( VBD said ) ) )

But then it suddenly burst upward 7.5 as Goldman Sachs & Co. stepped in and bought almost every share offer traders said


( S ( PP-TMP ( IN By ) ( NP ( CD 10:25 ) ) ) ( NP-SBJ ( DT the ) ( NNP Dow ) ) ( VP ( VBD had ) ( VP ( VBN turned ) ( ADVP-DIR ( IN up ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN day ) ) ) ( S-ADV ( VP ( VBG prompting ) ( NP ( NNS cheers ) ) ( PP-LOC ( IN on ) ( NP ( NP ( VBG trading ) ( NNS desks ) ) ( CC and ) ( NP ( NN exchange ) ( NNS floors ) ) ) ) ) ) ) ) )

By 10:25 the Dow had turned up for the day prompting cheers on trading desks and exchange floors


( S ( PP-LOC ( IN Among ) ( NP ( NNP Big ) ( NNP Board ) ( NNS specialists ) ) ) ( NP-SBJ-2 ( DT the ) ( NN cry ) ) ( VP ( VBD was ) ( S-PRD ( VP ( VB Pull ) ( NP ( PRP$ your ) ( NNS offers ) ) ) ) ( S-ADV ( VP ( NN meaning ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNS specialists ) ) ( VP ( ADVP-TMP ( RB soon ) ) ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB get ) ( NP ( JJR higher ) ( NNS prices ) ) ( PP ( IN for ) ( NP ( PRP$ their ) ( NNS shares ) ) ) ) ) ) ) ) ) ) ) ) )

Among Big Board specialists the cry was Pull your offers meaning that specialists soon expected to get higher prices for their shares


( SINV ( S-TPC-1 ( NP-SBJ ( PRP It ) ) ( VP ( VBD was ) ( NP-PRD ( NN bedlam ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( RB upside ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( CD one ) ( NNP Big ) ( NNP Board ) ( NN specialist ) ) )

It was bedlam on the upside said one Big Board specialist


( S ( SBAR-NOM-SBJ ( WHNP-1 ( WP What ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBD had ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( JJ real ) ( JJ old-fashioned ) ( NN rally ) ) ) )

What we had was a real old-fashioned rally


( S ( NP-SBJ ( DT This ) ( JJ technical ) ( NN strength ) ) ( VP ( VBD spurred ) ( NP ( NP ( NN buying ) ) ( PP ( IN from ) ( NP ( NP ( NP ( NNP Wall ) ( NNP Street ) ( POS 's ) ) ( JJ black ) ( NNS boxes ) ) ( NP ( NP ( NN computer ) ( NNS programs ) ) ( VP ( VBN designed ) ( S-CLR ( VP ( TO to ) ( VP ( VB trigger ) ( NP ( JJ large ) ( NN stock ) ( NNS purchases ) ) ( PP-TMP ( IN during ) ( NP ( JJ bullish ) ( NNS periods ) ) ) ) ) ) ) ) ) ) ) ) )

This technical strength spurred buying from Wall Street 's black boxes computer programs designed to trigger large stock purchases during bullish periods


( SINV ( ADJP-PRD-TPC-1 ( JJ Typical ) ) ( ADVP ( RB perhaps ) ) ( VP ( VBD was ) ) ( NP-SBJ ( NP ( NNP Batterymarch ) ( POS 's ) ) ( NNP Dean ) ( NNP LeBaron ) ) )

Typical perhaps was Batterymarch 's Dean LeBaron


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP LeBaron ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ manages ) ( NP ( QP ( CD 10 ) ( CD billion ) ) ) ) ) ) ) ( VP ( VBZ says ) ( S ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBD turned ) ( NP ( DT the ) ( NN trading ) ( NN system ) ) ( PRT ( RP on ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD did ) ( SBAR ( WHNP-2 ( WDT whatever ) ) ( S ( NP-SBJ-3 ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBN programmed ) ( S ( VP ( TO to ) ( VP ( VB do ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. LeBaron who manages 10 billion says We turned the trading system on and it did whatever it was programmed to do


( S ( S-ADV ( VP ( VBN Asked ) ( SBAR ( WHNP-1 ( WP what ) ( VBZ stocks ) ) ( S ( NP-SBJ ( DT the ) ( NN computer ) ) ( VP ( VBD bought ) ) ) ) ) ) ( NP-SBJ-2 ( DT the ) ( NN money ) ( NN manager ) ) ( VP ( VBZ says ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB know ) ) ) ) ) )

Asked what stocks the computer bought the money manager says I do n't know


( S ( NP-SBJ ( RB Not ) ( NN everybody ) ) ( VP ( VBD was ) ( VP ( VBG making ) ( NP ( NN money ) ) ) ) )

Not everybody was making money


( S ( NP-SBJ ( NP ( DT The ) ( NN carnage ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT the ) ( NNP Chicago ) ( NNP Board ) ( NNP Options ) ( NNP Exchange ) ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( JJ major ) ( NNS options ) ( NN market ) ) ) ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ heavy ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN trading ) ) ( PP-LOC ( IN in ) ( NP ( NNP S&P ) ( CD 100 ) ( JJ stock-index ) ( NNS options ) ) ) ) ( VP ( VBD was ) ( VP ( VBN halted ) ( NP-TMP ( NNP Friday ) ) ) ) ) ) ) )

The carnage on the Chicago Board Options Exchange the nation 's major options market was heavy after the trading in S&P 100 stock-index options was halted Friday


( S ( S ( NP-SBJ ( NP ( JJ Many ) ( NN market ) ( NNS makers ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP S&P ) ( CD 100 ) ( NN index ) ( NNS options ) ( NN contract ) ) ) ) ( VP ( VBD had ) ( NP ( JJ bullish ) ( NNS positions ) ) ( NP-TMP ( NNP Friday ) ) ) ) ( CC and ) ( S ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( DT the ) ( NN shutdown ) ) ( VP ( VBD came ) ) ) ) ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBN frozen ) ( PP ( IN with ) ( NP ( JJ huge ) ( NNS losses ) ) ) ) ) ) )

Many market makers in the S&P 100 index options contract had bullish positions Friday and when the shutdown came they were frozen with huge losses


( S ( PP-TMP ( IN Over ) ( NP ( DT the ) ( NN weekend ) ) ) ( NP-SBJ ( NN clearing ) ( NNS firms ) ) ( VP ( VBD told ) ( NP-1 ( DT the ) ( NNP Chicago ) ( NN market ) ( NNS makers ) ) ( S ( VP ( TO to ) ( VP ( VB get ) ( PP ( IN out ) ( PP ( IN of ) ( NP ( PRP$ their ) ( NNS positions ) ) ) ) ( PP ( IN at ) ( NP ( DT any ) ( NN cost ) ) ) ( NP-TMP ( NNP Monday ) ( NN morning ) ) ) ) ) ) )

Over the weekend clearing firms told the Chicago market makers to get out of their positions at any cost Monday morning


( SINV ( S-TPC-1 ( NP-SBJ-2 ( PRP They ) ) ( VP ( VBD were ) ( VP ( ADVP ( RB absolutely ) ) ( VP ( VBN killed ) ) ( VP ( VBN slaughtered ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( CD one ) ( JJ Chicago-based ) ( NNS options ) ( NN trader ) ) )

They were absolutely killed slaughtered said one Chicago-based options trader


( S ( ADVP ( RB Meanwhile ) ) ( NP-SBJ ( NP ( DT a ) ( NN test ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN stock ) ( NN market ) ( POS 's ) ) ( NN rally ) ) ) ) ( VP ( VBD came ) ( PP-TMP ( IN at ) ( NP ( RB about ) ( CD 2 ) ( NN p.m. ) ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NNP Dow ) ) ( PP ( IN at ) ( NP ( NP ( CD 2600 ) ) ( ADVP ( RB up ) ( NP ( NP ( CD 31 ) ( NNS points ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN day ) ) ) ) ) ) ) ) ) ) )

Meanwhile a test of the stock market 's rally came at about 2 p.m. with the Dow at 2600 up 31 points on the day


( S ( NP-SBJ ( NP ( NNP Charles ) ( NNP Clough ) ) ( NP ( NP ( DT a ) ( NN strategist ) ) ( PP-LOC ( IN at ) ( NP ( NNP Merrill ) ( NNP Lynch ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( SBAR ( S ( NP-SBJ ( NN bargain ) ( NN hunting ) ) ( VP ( VBD had ) ( VP ( VBN explained ) ( NP ( NP ( DT the ) ( NNP Dow ) ( POS 's ) ) ( NN strength ) ) ( PP ( IN up ) ( PP ( TO to ) ( NP ( DT that ) ( NN point ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( DT that ) ( S ( NP-SBJ ( JJ many ) ( NN market ) ( NNS professionals ) ) ( VP ( VBD were ) ( VP ( VBG anticipating ) ( NP ( NP ( DT a ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Dow ) ) ) ) ) ) ) ) ) ) )

Charles Clough a strategist at Merrill Lynch says bargain hunting had explained the Dow 's strength up to that point and that many market professionals were anticipating a drop in the Dow


( S ( ADVP ( RB Moreover ) ) ( NP-SBJ-1 ( DT the ) ( NN announcement ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ real ) ( NN estate ) ( NN magnate ) ( CC and ) ( JJ sometime ) ( NN raider ) ( NNP Donald ) ( NNP Trump ) ) ( VP ( VBD was ) ( VP ( VBG withdrawing ) ( NP ( NP ( PRP$ his ) ( NN offer ) ) ( PP ( IN for ) ( NP ( NNP AMR ) ( NNP Corp. ) ) ) ) ) ) ) ) ) ( VP ( MD might ) ( VP ( VB have ) ( VP ( VBN been ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB rattle ) ( NP ( NNS traders ) ) ) ) ) ) ) ) ) )

Moreover the announcement that real estate magnate and sometime raider Donald Trump was withdrawing his offer for AMR Corp. might have been expected to rattle traders


( S ( ADVP ( RB Instead ) ) ( NP-SBJ ( DT the ) ( NN rally ) ) ( VP ( VP ( ADVP ( RB only ) ) ( VBD paused ) ( PP-TMP ( IN for ) ( NP ( QP ( RB about ) ( CD 25 ) ) ( NNS minutes ) ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB then ) ) ( VBD steamed ) ( ADVP-DIR ( RB forward ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( NNS institutions ) ) ( VP ( VBD resumed ) ( NP ( VBG buying ) ) ) ) ) ) ) )

Instead the rally only paused for about 25 minutes and then steamed forward as institutions resumed buying


( S ( NP-SBJ ( DT The ) ( NN market ) ) ( VP ( VBD closed ) ( NP-TMP ( NP ( NNS minutes ) ) ( PP ( IN after ) ( S-NOM ( VP ( VBG reaching ) ( NP ( NP ( PRP$ its ) ( NN high ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN day ) ) ) ( X ( IN of ) ) ) ) ) ) ) ) )

The market closed minutes after reaching its high for the day of


( S ( PP-LOC ( IN Across ) ( NP ( DT the ) ( NN country ) ) ) ( NP-SBJ-1 ( JJ many ) ( NNS people ) ) ( VP ( VBD took ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NNS events ) ) ( PP-CLR ( IN in ) ( NP ( NN stride ) ) ) ( SBAR-ADV ( IN while ) ( S ( VP ( VBG remaining ) ( ADJP-PRD ( RB generally ) ( JJ uneasy ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( NN stock ) ( NN market ) ) ( PP ( IN in ) ( NP ( NN general ) ) ) ) ) ) ) ) ) ) )

Across the country many people took yesterday 's events in stride while remaining generally uneasy about the stock market in general


( SINV ( VP ( VBZ Says ) ) ( NP-SBJ ( NP ( NNP James ) ( NNP Norman ) ) ( NP ( NP ( DT the ) ( NN mayor ) ) ( PP ( IN of ) ( NP ( NP ( NNP Ava ) ) ( NP-LOC ( NNP Mo. ) ) ) ) ) ) ( S-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB invest ) ( PP-CLR ( IN in ) ( NP ( NNS stocks ) ) ) ) ) ) )

Says James Norman the mayor of Ava Mo. I do n't invest in stocks


( S ( NP-SBJ ( PRP I ) ) ( VP ( ADVP ( RB much ) ) ( VBP prefer ) ( NP ( NP ( NN money ) ) ( SBAR ( S ( NP-SBJ ( PRP I ) ) ( VP ( MD can ) ( VP ( VB put ) ( NP ( PRP$ my ) ( NNS hands ) ) ( PP-PUT ( IN on ) ) ) ) ) ) ) ) )

I much prefer money I can put my hands on


( S-1 ( SBAR-ADV ( IN While ) ( S ( NP-SBJ ( NNP Mayor ) ( NNP Norman ) ) ( VP ( VBD found ) ( S ( NP-SBJ ( NP ( DT the ) ( NN market ) ( POS 's ) ) ( NN performance ) ) ( NP-TMP ( NNP Monday ) ) ( VP ( VBG reassuring ) ) ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ remains ) ( ADJP-PRD ( JJ uneasy ) ) ) )

While Mayor Norman found the market 's performance Monday reassuring he says he remains uneasy


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP have ) ( S ( S ( NP-SBJ-1 ( PDT half ) ( DT the ) ( NNS experts ) ) ( VP ( VBG saying ) ( NP-2 ( NP ( CD one ) ( NN thing ) ) ) ) ) ( CC and ) ( S ( NP-SBJ=1 ( NN half ) ) ( NP=2 ( NP ( DT the ) ( JJ other ) ) ) ) ( PP-3 ( IN about ) ( NP ( NP ( DT the ) ( NN course ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN economy ) ) ) ) ) ) ) )

We have half the experts saying one thing and half the other about the course of the economy


( S ( NP-SBJ ( NP ( NNP Ralph ) ( NNP Holzfaster ) ) ( NP ( NP ( DT a ) ( NN farmer ) ) ( CC and ) ( NP ( JJ farm-supply ) ( NN store ) ( NN operator ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Ogallala ) ) ( NP ( NNP Neb. ) ) ) ) ) ) ( VP ( VBZ says ) ( PP-CLR ( IN of ) ( NP ( DT the ) ( ADJP ( JJ last ) ( JJ few ) ) ( NNS days ) ( NNS events ) ) ) ( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( NN anything ) ( JJ good ) ) ( VP ( VBZ comes ) ( PP-CLR ( IN out ) ( PP ( IN of ) ( NP ( DT this ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD might ) ( VP ( VB be ) ( SBAR-PRD ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ puts ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( DT these ) ( NNS LBOs ) ) ) ) ( PP-PUT ( IN on ) ( NP ( DT the ) ( NNS skids ) ) ) ) ) ) ) ) ) ) )

Ralph Holzfaster a farmer and farm-supply store operator in Ogallala Neb. says of the last few days events If anything good comes out of this it might be that it puts some of these LBOs on the skids


( SINV ( VP ( VBZ Says ) ) ( NP-SBJ ( NP ( NNP Gordon ) ( NNP Fines ) ) ( NP ( NP ( DT a ) ( NN money ) ( NN manager ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP IDS ) ( NNP Financial ) ( NNP Services ) ) ( PP-LOC ( IN in ) ( NP ( NNP Minneapolis ) ) ) ) ) ) ) ( S ( S ( NP-SBJ ( PRP You ) ) ( VP ( VBP 're ) ( PP-LOC-PRD ( IN on ) ( NP ( DT a ) ( NN roller ) ( NN coaster ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT that ) ) ( VP ( MD may ) ( VP ( VB last ) ) ) ) ) )

Says Gordon Fines a money manager at IDS Financial Services in Minneapolis You 're on a roller coaster and that may last


( S ( NP-SBJ ( DT The ) ( NN public ) ) ( VP ( VBZ is ) ( ADVP-TMP ( RB still ) ) ( ADJP-PRD ( JJ cautious ) ) ) )

The public is still cautious


( S ( PP-LOC ( IN In ) ( NP ( NP ( DT a ) ( JJ possible ) ( NN prelude ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN resumption ) ) ( PP ( IN of ) ( NP ( NP ( NNS talks ) ) ( PP ( IN between ) ( NP ( NP ( NNP Boeing ) ( NNP Co. ) ) ( CC and ) ( NP ( VBG striking ) ( NNS Machinists ) ( NN union ) ( NNS members ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( JJ federal ) ( NN mediator ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNS representatives ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD two ) ( NNS sides ) ) ) ) ( VP ( MD will ) ( VP ( VB meet ) ( PP-CLR ( IN with ) ( NP ( PRP him ) ) ) ( NP-TMP ( NN tomorrow ) ) ) ) ) ) ) )

In a possible prelude to the resumption of talks between Boeing Co. and striking Machinists union members a federal mediator said representatives of the two sides will meet with him tomorrow


( SINV ( S-TPC-2 ( S ( NP-SBJ ( PRP It ) ) ( VP ( MD could ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( JJ long ) ( NN meeting ) ) ) ) ) ( CC or ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD could ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( JJ short ) ( CD one ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Doug ) ( NNP Hammond ) ) ( NP ( DT the ) ( NN mediator ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD called ) ( S ( NP-SBJ ( DT the ) ( NN agreement ) ( S ( VP ( TO to ) ( VP ( VB meet ) ) ) ) ) ( NP-PRD ( NP ( DT a ) ( JJ first ) ( NN step ) ) ( PP ( IN toward ) ( NP ( NP ( DT a ) ( NN resumption ) ) ( PP ( IN of ) ( NP ( NNS negotiations ) ) ) ) ) ) ) ) ) ) ) )

It could be a long meeting or it could be a short one said Doug Hammond the mediator who called the agreement to meet a first step toward a resumption of negotiations


( S ( S-TPC-2 ( S ( NP-SBJ-3 ( PRP We ) ) ( VP ( VBP 're ) ( VP ( VBN encouraged ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNS talks ) ) ( VP ( VBP are ) ( VP ( VBN scheduled ) ( ADVP-TMP ( RB again ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( PP ( IN beyond ) ( NP ( DT that ) ) ) ( NP-SBJ ( PRP we ) ) ( VP ( VBP have ) ( VP ( VBN made ) ( NP ( NP ( DT no ) ( NN expression ) ) ( PP ( IN of ) ( NP ( NNS expectations ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( VBG Boeing ) ( NN spokesman ) ) ( VP ( VBD said ) ) )

We 're encouraged that talks are scheduled again but beyond that we have made no expression of expectations a Boeing spokesman said


( S ( NP-SBJ ( DT The ) ( NNP Machinists ) ( NN union ) ) ( VP ( VBZ has ) ( VP ( VBN rejected ) ( NP ( NP ( DT a ) ( JJ three-year ) ( NN contract ) ( NN offer ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN provided ) ( NP ( NP ( NP ( DT a ) ( ADJP ( CD 10 ) ( NN % ) ) ( NN wage ) ( NN increase ) ) ( PP ( IN over ) ( NP ( NP ( DT the ) ( NN life ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN pact ) ) ) ) ) ) ( CC plus ) ( NP ( DT some ) ( NNS bonuses ) ) ) ) ) ) ) ) ) ) ) )

The Machinists union has rejected a three-year contract offer that would have provided a 10 % wage increase over the life of the pact plus some bonuses


( S ( S-TPC-1 ( ADVP-TMP ( RB Currently ) ) ( NP-SBJ ( NP ( JJ average ) ( NN pay ) ) ( PP ( IN for ) ( NP ( NNS machinists ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD 13.39 ) ) ( NP-ADV ( DT an ) ( NN hour ) ) ) ) ) ( NP-SBJ ( VBG Boeing ) ) ( VP ( VBD said ) ) )

Currently average pay for machinists is 13.39 an hour Boeing said


( S ( PP-TMP ( ADVP-TMP ( RB Now ) ) ( IN in ) ( NP ( PRP$ its ) ( JJ 13th ) ( NN day ) ) ) ( NP-SBJ-1 ( DT the ) ( NN strike ) ) ( VP ( VP ( VBZ has ) ( VP ( VBN idled ) ( NP ( QP ( RB about ) ( CD 55,000 ) ) ( NNS machinists ) ) ) ) ( CC and ) ( VP ( VBZ has ) ( VP ( VBN started ) ( S ( VP ( TO to ) ( VP ( VB delay ) ( NP ( NP ( NN delivery ) ) ( PP ( IN of ) ( NP ( DT some ) ( NNS jetliners ) ) ) ) ) ) ) ) ) ) )

Now in its 13th day the strike has idled about 55,000 machinists and has started to delay delivery of some jetliners


( S ( PP ( IN With ) ( NP ( NP ( DT a ) ( NN strike ) ( NN fund ) ) ( PP ( IN of ) ( NP ( QP ( RB about ) ( CD 100 ) ( CD million ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN union ) ) ( VP ( VBD had ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBN prepared ) ( PP-CLR ( IN for ) ( NP ( DT a ) ( JJ long ) ( NN strike ) ) ) ) ) ) ) ) ) )

With a strike fund of about 100 million the union had said it was prepared for a long strike


( S ( PP-TMP ( IN After ) ( NP ( NP ( DT the ) ( JJ third ) ( NN week ) ) ( PP ( IN on ) ( NP ( NN strike ) ) ) ) ) ( NP-SBJ-1 ( NN union ) ( NNS members ) ) ( VP ( MD will ) ( VP ( VB begin ) ( S ( VP ( VBG receiving ) ( NP ( NP ( CD 100 ) ) ( NP-ADV ( DT a ) ( NN week ) ) ) ( PP ( IN from ) ( NP ( DT the ) ( NN fund ) ) ) ) ) ) ) )

After the third week on strike union members will begin receiving 100 a week from the fund


( S ( NP-SBJ ( NP ( NN Work ) ) ( PP ( IN at ) ( NP ( NNP Boeing ) ) ) ) ( VP ( VBZ continues ) ( PP-MNR ( IN with ) ( S-NOM ( NP-SBJ ( NP ( NNS supervisors ) ) ( CC and ) ( NP ( JJ other ) ( JJ non-striking ) ( NNS personnel ) ) ) ( VP ( VBG manning ) ( NP ( DT the ) ( NNS lines ) ) ) ) ) ) )

Work at Boeing continues with supervisors and other non-striking personnel manning the lines


( S ( CC And ) ( S-TPC-1 ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NAC-LOC ( NNP Wichita ) ( NNP Kan. ) ) ( NN plant ) ) ) ( NP-SBJ ( NP ( QP ( RB about ) ( CD 2,400 ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD 11,700 ) ( NNS machinists ) ) ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBP are ) ( VP ( VBG working ) ) ) ) ( NP-SBJ ( NNP Boeing ) ) ( VP ( VBD said ) ) )

And at the company 's Wichita Kan. plant about 2,400 of the 11,700 machinists still are working Boeing said


( S ( PP-LOC ( IN Under ) ( NP ( NNP Kansas ) ( JJ right-to-work ) ( NNS laws ) ) ) ( NP-SBJ ( NNS contracts ) ) ( VP ( MD can ) ( RB not ) ( VP ( VB require ) ( S ( NP-SBJ ( NNS workers ) ) ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( NN union ) ( NNS members ) ) ) ) ) ) ) )

Under Kansas right-to-work laws contracts can not require workers to be union members


( S ( NP-SBJ-2 ( NNP Boeing ) ) ( VP ( VBZ has ) ( VP ( VBN declined ) ( S ( VP ( TO to ) ( VP ( VB say ) ( SBAR ( WHNP-1 ( WHADVP ( WRB how ) ( JJ many ) ) ( NNS employees ) ) ( S ( VP ( VBP are ) ( VP ( VBG working ) ( PP-LOC ( IN at ) ( NP ( PRP$ its ) ( JJ giant ) ( NAC-LOC ( NNP Renton ) ( NNP Wash. ) ) ( NN plant ) ) ) ) ) ) ) ) ) ) ) ) )

Boeing has declined to say how many employees are working at its giant Renton Wash. plant


( S ( NP-SBJ-1 ( NN Union ) ( NNS officials ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN reached ) ( PP-PRP ( IN for ) ( NP ( NN comment ) ) ) ) ) ) )

Union officials could n't be reached for comment


( S ( NP-SBJ ( NP ( NNP BSN ) ( NNP S.A. ) ) ( NP ( DT a ) ( VBG leading ) ( JJ French ) ( NN food ) ( NN group ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( NNP Birkel ) ( NNP G.m.b ) ( NNP H. ) ) ( NP ( DT a ) ( ADJP ( JJ West ) ( JJ German ) ) ( NN pasta ) ( NN maker ) ) ) ) ) ) ) ) ) ) )

BSN S.A. a leading French food group said it agreed to acquire Birkel G.m.b H. a West German pasta maker


( S ( NP-SBJ-1 ( NP ( DT The ) ( NN value ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN acquisition ) ) ) ) ( VP ( VBD was ) ( RB n't ) ( VP ( VBD disclosed ) ) ) )

The value of the acquisition was n't disclosed


( S ( NP-SBJ ( DT The ) ( NN move ) ) ( VP ( VBZ is ) ( PP-PRD ( IN in ) ( NP ( NP ( NN line ) ) ( PP ( IN with ) ( NP ( NP ( NP ( NNP BSN ) ( POS 's ) ) ( NN strategy ) ) ( PP ( IN of ) ( S-NOM ( VP ( ADVP ( RB gradually ) ) ( VBG building ) ( NP ( NP ( PRP$ its ) ( NN share ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ European ) ( NN pasta ) ( NN market ) ) ) ) ( PP-MNR ( IN through ) ( NP ( JJ external ) ( NN growth ) ) ) ) ) ) ) ) ) ) ) )

The move is in line with BSN 's strategy of gradually building its share of the European pasta market through external growth


( S ( NP-SBJ ( NNP BSN ) ) ( VP ( MD will ) ( VP ( ADVP ( RB initially ) ) ( VB acquire ) ( NP ( NP ( DT a ) ( ADJP ( CD 15 ) ( NN % ) ) ( NN interest ) ) ( PP ( IN in ) ( NP ( NP ( NNP Birkel ) ) ( NP ( DT a ) ( ADJP ( RB closely ) ( VBN held ) ) ( NN concern ) ) ) ) ) ) ) )

BSN will initially acquire a 15 % interest in Birkel a closely held concern


( S ( S-TPC-2 ( S ( NP-SBJ ( DT The ) ( JJ French ) ( NN group ) ) ( VP ( VBZ has ) ( NP ( NP ( DT an ) ( NN agreement ) ) ( VP ( VBG giving ) ( NP ( PRP it ) ) ( NP ( DT the ) ( NN right ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( DT all ) ( DT the ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( DT this ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP ( VBN completed ) ( PP-TMP ( IN within ) ( NP ( DT a ) ( JJ few ) ( NNS months ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NNP BSN ) ( NN spokeswoman ) ) ( VP ( VBD said ) ) )

The French group has an agreement giving it the right to buy all the shares outstanding and this could be completed within a few months a BSN spokeswoman said


( S ( S-TPC-2 ( NP-SBJ-1 ( DT The ) ( NN takeover ) ) ( VP ( VBD was ) ( VP ( VBN submitted ) ( PP-CLR ( IN for ) ( NP ( NN approval ) ) ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( ADJP ( JJ West ) ( JJ German ) ) ( NN cartel ) ( NN office ) ) ) ) ) ) ( NP-SBJ ( NNP BSN ) ) ( VP ( VBD said ) ) )

The takeover was submitted for approval by the West German cartel office BSN said


( S ( NP-SBJ ( NNP Birkel ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( NNP West ) ( NNP Germany ) ( POS 's ) ) ( JJ second-biggest ) ( NN producer ) ) ( PP ( IN of ) ( NP ( NN pasta ) ) ) ) ( PP ( IN with ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 250 ) ( CD million ) ) ( NNS marks ) ) ( PRN ( NP ( QP ( CD 133.4 ) ( CD million ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1988 ) ) ) ) ) ) )

Birkel is West Germany 's second-biggest producer of pasta with sales of 250 million marks 133.4 million in 1988


( S ( NP-SBJ ( PRP It ) ) ( VP ( VP ( VBZ has ) ( NP ( CD 750 ) ( NNS workers ) ) ( PP ( IN at ) ( NP ( NP ( CD three ) ( NN production ) ( NNS units ) ) ( PP-LOC ( IN in ) ( NP ( JJS southwest ) ( NNP Germany ) ) ) ) ) ) ( CC and ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( DT that ) ( NN nation ) ( POS 's ) ) ( VBG leading ) ( NN producer ) ) ( PP ( IN of ) ( NP ( NN pasta ) ( NNS sauces ) ) ) ) ) ) )

It has 750 workers at three production units in southwest Germany and is that nation 's leading producer of pasta sauces


( S ( NP-SBJ ( DT The ) ( NN acquisition ) ) ( VP ( VBZ strengthens ) ( NP ( NP ( NP ( NNP BSN ) ( POS 's ) ) ( NN position ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ European ) ( NN pasta ) ( NN market ) ) ) ) ) )

The acquisition strengthens BSN 's position in the European pasta market


( S ( NP-SBJ ( DT The ) ( JJ French ) ( NN group ) ) ( VP ( ADVP-TMP ( RB currently ) ) ( VBZ ranks ) ( ADVP-CLR ( JJ second ) ( PP ( IN after ) ( NP ( NP ( NP ( NNP Barilla ) ( NNP Group ) ) ( PP ( IN of ) ( NP ( NNP Italy ) ) ) ) ( NP ( SBAR ( WHNP-1 ( WP$ whose ) ( NNS sales ) ) ( S ( VP ( VBP are ) ( ADVP ( RB chiefly ) ) ( PP-LOC-PRD ( IN in ) ( NP ( DT the ) ( JJ Italian ) ( NN market ) ) ) ) ) ) ) ) ) ) ) )

The French group currently ranks second after Barilla Group of Italy whose sales are chiefly in the Italian market


( NP-TMP ( NP ( NNP Monday ) ) ( NP ( NNP October ) ( CD 16 ) ( CD 1989 ) ) )

Monday October 16 1989


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

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


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

PRIME RATE 10 1\/2 %


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

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


( NP ( NP ( NNP FEDERAL ) ( NNP FUNDS ) ) ( NP ( NP ( NP ( QP ( CD 8 ) ( CD 3\/4 ) ) ( NN % ) ) ( ADJP ( JJ high ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 1\/2 ) ) ( NN % ) ) ( ADJP ( JJ low ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 5\/8 ) ) ( NN % ) ) ( PP ( IN near ) ( NP ( VBG closing ) ( NN bid ) ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 3\/4 ) ) ( NN % ) ) ( VP ( VBN offered ) ) ) ) )

FEDERAL FUNDS 8 3\/4 % high 8 1\/2 % low 8 5\/8 % near closing bid 8 3\/4 % offered


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

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


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

Source Fulton Prebon U.S.A Inc


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

DISCOUNT RATE 7 %


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

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


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

CALL MONEY 9 3\/4 % to 10 %


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

The charge on loans to brokers on stock exchange collateral


( NP ( NP ( NP ( JJ COMMERCIAL ) ( NN PAPER ) ) ( VP ( VBN placed ) ( ADVP-MNR ( RB directly ) ) ( PP ( IN by ) ( NP-LGS ( NNP General ) ( NNP Motors ) ( NNP Acceptance ) ( NNP Corp. ) ) ) ) ) ( NP ( NP ( NP ( CD 8.30 ) ( NN % ) ) ( NP ( QP ( CD 5 ) ( TO to ) ( CD 44 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 8.20 ) ( NN % ) ) ( NP ( QP ( CD 45 ) ( TO to ) ( CD 59 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 8 ) ( NN % ) ) ( NP ( QP ( CD 60 ) ( TO to ) ( CD 89 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 7.875 ) ( NN % ) ) ( NP ( QP ( CD 90 ) ( TO to ) ( CD 119 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 7.75 ) ( NN % ) ) ( NP ( QP ( CD 120 ) ( TO to ) ( CD 149 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 7.625 ) ( NN % ) ) ( NP ( QP ( CD 150 ) ( TO to ) ( CD 179 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 7.375 ) ( NN % ) ) ( NP ( QP ( CD 180 ) ( TO to ) ( CD 270 ) ) ( NNS days ) ) ) ) )

COMMERCIAL PAPER placed directly by General Motors Acceptance Corp. 8.30 % 5 to 44 days 8.20 % 45 to 59 days 8 % 60 to 89 days 7.875 % 90 to 119 days 7.75 % 120 to 149 days 7.625 % 150 to 179 days 7.375 % 180 to 270 days


( NP ( NP ( JJ COMMERCIAL ) ( NN PAPER ) ) ( NP ( NP ( NP ( ADJP ( JJ High-grade ) ( JJ unsecured ) ) ( NNS notes ) ) ( VP ( VBN sold ) ( PP-MNR ( IN through ) ( NP ( NNS dealers ) ) ) ( PP ( IN by ) ( NP-LGS ( JJ major ) ( NNS corporations ) ) ) ( PP ( IN in ) ( NP ( NP ( NNS multiples ) ) ( PP ( IN of ) ( NP ( CD 1,000 ) ) ) ) ) ) ) ( NP ( NP ( NP ( CD 8.40 ) ( NN % ) ) ( NP ( CD 30 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.33 ) ( NN % ) ) ( NP ( CD 60 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.26 ) ( NN % ) ) ( NP ( CD 90 ) ( NNS days ) ) ) ) ) )

COMMERCIAL PAPER High-grade unsecured notes sold through dealers by major corporations in multiples of 1,000 8.40 % 30 days 8.33 % 60 days 8.26 % 90 days


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

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


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

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


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

The minimum unit is 100,000


( NP ( NP ( NP ( JJ Typical ) ( NNS rates ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ secondary ) ( NN market ) ) ) ) ( NP ( NP ( NP ( CD 8.40 ) ( NN % ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( CD 8.40 ) ( NN % ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( CD 8.40 ) ( NN % ) ) ( NP ( CD six ) ( NNS months ) ) ) ) )

Typical rates in the secondary market 8.40 % one month 8.40 % three months 8.40 % six months


( NP ( NP ( NNS BANKERS ) ( NNS ACCEPTANCES ) ) ( NP ( NP ( NP ( CD 8.40 ) ( NN % ) ) ( NP ( CD 30 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.35 ) ( NN % ) ) ( NP ( CD 60 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.27 ) ( NN % ) ) ( NP ( CD 90 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.20 ) ( NN % ) ) ( NP ( CD 120 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.15 ) ( NN % ) ) ( NP ( CD 150 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.02 ) ( NN % ) ) ( NP ( CD 180 ) ( NNS days ) ) ) ) )

BANKERS ACCEPTANCES 8.40 % 30 days 8.35 % 60 days 8.27 % 90 days 8.20 % 120 days 8.15 % 150 days 8.02 % 180 days


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

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


( NP ( NP ( NNP LONDON ) ( JJ LATE ) ( NNS EURODOLLARS ) ) ( NP ( NP ( NP ( QP ( CD 8 ) ( CD 5\/8 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 1\/2 ) ( NN % ) ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 5\/8 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 1\/2 ) ( NN % ) ) ) ( NP ( CD two ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 9\/16 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 7\/16 ) ( NN % ) ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 1\/2 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 3\/8 ) ( NN % ) ) ) ( NP ( CD four ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 1\/2 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 3\/8 ) ( NN % ) ) ) ( NP ( CD five ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 1\/2 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 3\/8 ) ( NN % ) ) ) ( NP ( CD six ) ( NNS months ) ) ) ) )

LONDON LATE EURODOLLARS 8 5\/8 % to 8 1\/2 % one month 8 5\/8 % to 8 1\/2 % two months 8 9\/16 % to 8 7\/16 % three months 8 1\/2 % to 8 3\/8 % four months 8 1\/2 % to 8 3\/8 % five months 8 1\/2 % to 8 3\/8 % six months


( NP ( NP ( NP ( NNP LONDON ) ( NNP INTERBANK ) ( VBN OFFERED ) ( NNS RATES ) ) ( PRN ( NP ( NNP LIBOR ) ) ) ) ( NP ( NP ( NP ( QP ( CD 8 ) ( CD 1\/2 ) ) ( NN % ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 1\/2 ) ) ( NN % ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 7\/16 ) ) ( NN % ) ) ( NP ( CD six ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 3\/8 ) ) ( NN % ) ) ( NP ( CD one ) ( NN year ) ) ) ) )

LONDON INTERBANK OFFERED RATES LIBOR 8 1\/2 % one month 8 1\/2 % three months 8 7\/16 % six months 8 3\/8 % one year


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

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


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

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


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

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


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

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


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

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


( NP ( NP ( NP ( CD 9.83 ) ( NN % ) ) ( NP ( JJ standard ) ( JJ conventional ) ( JJ fixedrate ) ( NNS mortgages ) ) ) ( NP ( NP ( CD 7.875 ) ( NN % ) ) ( NP ( ADJP ( ADJP ( CD 2 ) ( NN % ) ) ( NN rate ) ( VBD capped ) ) ( JJ one-year ) ( JJ adjustable ) ( NN rate ) ( NNS mortgages ) ) ) )

9.83 % standard conventional fixedrate mortgages 7.875 % 2 % rate capped one-year adjustable rate mortgages


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

Source Telerate Systems Inc


( NP ( NP ( NP ( NNP FEDERAL ) ( NNP NATIONAL ) ( NNP MORTGAGE ) ( NNP ASSOCIATION ) ) ( PRN ( NP ( NNP Fannie ) ( NNP Mae ) ) ) ) ( NP ( NP ( NP ( VBN Posted ) ( NNS yields ) ) ( PP ( IN on ) ( NP ( CD 30 ) ( NN year ) ( NN mortgage ) ( NNS commitments ) ) ) ( PP ( IN for ) ( NP ( NP ( NN delivery ) ) ( PP-TMP ( IN within ) ( NP ( CD 30 ) ( NNS days ) ) ) ) ) ( PRN ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( NN par ) ) ) ) ) ) ( NP ( NP ( NP ( CD .9.82 ) ( NN % ) ) ( NP ( JJ standard ) ( JJ conventional ) ( VBN fixed ) ( NN rate-mortgages ) ) ) ( NP ( NP ( CD 8.70 ) ( NN % ) ) ( NP ( CD 6\/2 ) ( ADJP ( NN rate ) ( VBN capped ) ) ( JJ one-year ) ( JJ adjustable ) ( NN rate ) ( NNS mortgages ) ) ) ) ) )

FEDERAL NATIONAL MORTGAGE ASSOCIATION Fannie Mae Posted yields on 30 year mortgage commitments for delivery within 30 days priced at par .9.82 % standard conventional fixed rate-mortgages 8.70 % 6\/2 rate capped one-year adjustable rate mortgages


Source Telerate Systems Inc


( NP ( NP ( NNP MERRILL ) ( NNP LYNCH ) ( NNP READY ) ( NNP ASSETS ) ( NNP TRUST ) ) ( NP ( CD 8.49 ) ( NN % ) ) )

MERRILL LYNCH READY ASSETS TRUST 8.49 %


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

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


( S ( S-TPC-1 ( NP-SBJ ( NNP Health ) ( CC and ) ( NNP Human ) ( NNP Services ) ( NNP Secretary ) ( NNP Louis ) ( NNP Sullivan ) ) ( VP ( VBZ has ) ( VP ( VBN chosen ) ( S ( NP-SBJ ( NNP Antonia ) ( NNP Novello ) ) ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT the ) ( JJ next ) ( NN surgeon ) ( NN general ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Bush ) ( NN administration ) ( NNS officials ) ) ( VP ( VBD said ) ) )

Health and Human Services Secretary Louis Sullivan has chosen Antonia Novello to be the next surgeon general Bush administration officials said


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-2 ( PRP she ) ) ( VP ( VBZ is ) ( VP ( VP ( VBN nominated ) ( PP ( IN by ) ( NP-LGS ( NNP President ) ( NNP Bush ) ) ) ) ( CC and ) ( VP ( VBN confirmed ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP Senate ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Dr. ) ( NNP Novello ) ) ( VP ( MD would ) ( VP ( VB succeed ) ( NP ( NP ( NNP C. ) ( NNP Everett ) ( NNP Koop ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD rattled ) ( NP ( NP ( NNS liberals ) ( CC and ) ( NNS conservatives ) ) ( ADVP ( RB alike ) ) ) ( PP ( IN with ) ( NP ( NP ( PRP$ his ) ( JJ outspoken ) ( NNS views ) ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( NN range ) ) ( PP ( IN of ) ( NP ( NN health ) ( NNS issues ) ) ) ) ) ) ) ) ) ) ) ) ) )

If she is nominated by President Bush and confirmed by the Senate Dr. Novello would succeed C. Everett Koop who rattled liberals and conservatives alike with his outspoken views on a range of health issues


( S ( NP-SBJ ( NP ( NNP Dr. ) ( NNP Novello ) ) ( NP ( NP ( DT an ) ( NN expert ) ) ( PP ( IN on ) ( NP ( JJ pediatric ) ( NN kidney ) ( NNS diseases ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJ deputy ) ( NN director ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP National ) ( NNP Institute ) ) ( PP ( IN of ) ( NP ( NP ( NNP Child ) ( NNP Health ) ) ( CC and ) ( NP ( NNP Human ) ( NNP Development ) ) ) ) ) ) ) ) )

Dr. Novello an expert on pediatric kidney diseases is deputy director of the National Institute of Child Health and Human Development


( S ( NP-SBJ ( PRP She ) ) ( VP ( VBZ has ) ( ADVP ( RB also ) ) ( VP ( VBN served ) ( PP-LOC-CLR ( IN on ) ( NP ( NP ( JJ several ) ( NN task ) ( NNS forces ) ) ( PP ( IN on ) ( NP ( VBN acquired ) ( JJ immune ) ( NN deficiency ) ( NN syndrome ) ) ) ) ) ) ) )

She has also served on several task forces on acquired immune deficiency syndrome


( S ( S ( NP-SBJ ( NP ( NNP Dr. ) ( NNP Novello ) ( POS 's ) ) ( NN office ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP she ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB talk ) ( PP-CLR ( IN with ) ( NP ( NNS reporters ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD refused ) ( S ( VP ( TO to ) ( VP ( VB release ) ( NP ( NP ( DT any ) ( NN information ) ) ( PP ( IN about ) ( NP ( PRP her ) ) ) ) ) ) ) ) ) )

Dr. Novello 's office said she would n't talk with reporters and it refused to release any information about her


( S ( NP-SBJ ( NP ( DT The ) ( NN newsletter ) ( NNP Medicine ) ( CC & ) ( NNP Health ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( ADVP-TMP ( RB first ) ) ( VP ( VBD disclosed ) ( NP ( NP ( PRP$ her ) ( NN selection ) ) ( PP ( IN by ) ( NP ( NNP Dr. ) ( NNP Sullivan ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBZ is ) ( ADJP-PRD ( NP-ADV ( CD 44 ) ( NNS years ) ) ( JJ old ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBD studied ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NAC ( NNP University ) ( PP ( IN of ) ( NP ( NNP Puerto ) ( NNP Rico ) ) ) ) ( NNP School ) ) ( PP ( IN of ) ( NP ( NNP Medicine ) ) ) ) ) ) ) ) ) ) )

The newsletter Medicine & Health which first disclosed her selection by Dr. Sullivan said she is 44 years old and she studied at the University of Puerto Rico School of Medicine


( S ( S ( NP-SBJ ( PRP You ) ) ( VP ( VBP know ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( NP ( DT the ) ( NN law ) ) ( PP ( IN of ) ( NP ( NNS averages ) ) ) ) ( VP ( VBZ is ) ) ) ) ) ) ( SQ ( VBP do ) ( RB n't ) ( NP-SBJ ( PRP you ) ) ) )

You know what the law of averages is do n't you


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( SBAR-NOM-PRD ( WHNP-3 ( WP what ) ) ( S ( S ( LST ( LS 1 ) ) ( VP ( VBZ explains ) ( SBAR ( WHADVP-4 ( WRB why ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP are ) ( PP-PRD ( JJ like ) ( INTJ ( RB well ) ) ( NP ( NP ( PRP ourselves ) ) ( CONJP ( RB rather ) ( IN than ) ) ( NP ( NNP Bo ) ( NNP Jackson ) ) ) ) ) ) ) ) ) ( S ( LST ( LS 2 ) ) ( VP ( VBZ cautions ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ possible ) ) ( S-1 ( VP ( TO to ) ( VP ( VB drown ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN lake ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ averages ) ( NP ( NP ( CD two ) ( NNS feet ) ) ( ADJP ( RB deep ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( LST ( LS 3 ) ) ( VP ( VBZ predicts ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( CD 10,000 ) ( NNS monkeys ) ) ( VP ( VBN placed ) ( PP-LOC ( IN before ) ( NP ( CD 10,000 ) ( NNS pianos ) ) ) ) ) ( VP ( MD would ) ( VP ( VB produce ) ( NP ( CD 1,118 ) ( JJ publishable ) ( NN rock ) ( CC 'n' ) ( NN roll ) ( NNS tunes ) ) ) ) ) ) ) ) ) ) ) )

It 's what 1 explains why we are like well ourselves rather than Bo Jackson 2 cautions that it 's possible to drown in a lake that averages two feet deep and 3 predicts that 10,000 monkeys placed before 10,000 pianos would produce 1,118 publishable rock 'n' roll tunes


( S ( S ( NP-SBJ ( NP ( NN Baseball ) ) ( NP ( NP ( DT that ) ( NN game ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ long ) ( NN haul ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( JJ quintessential ) ( NN sport ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN mean ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( JJ mean ) ( JJ ol' ) ( NN law ) ) ( VP ( VBD caught ) ( PRT ( RP up ) ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NNP San ) ( NNP Francisco ) ( NNP Giants ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP World ) ( NNP Series ) ) ) ( NP-TMP ( JJ last ) ( NN weekend ) ) ) ) )

Baseball that game of the long haul is the quintessential sport of the mean and the mean ol' law caught up with the San Francisco Giants in the World Series last weekend


( S ( NP-SBJ-1 ( NP ( DT The ) ( NN team ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD dumped ) ( NP ( NNS runs ) ) ( PP ( IN by ) ( NP ( DT the ) ( NN bushel ) ) ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NNP Chicago ) ( NNP Cubs ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP National ) ( NNP League ) ( NNS playoffs ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN held ) ( PP-CLR ( TO to ) ( NP ( RB just ) ( CD one ) ) ) ( PP-LOC ( IN in ) ( NP ( CD two ) ( NNS games ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( JJ home-team ) ( NNP Oakland ) ( NNP A ) ( NNP 's ) ) ( NP ( NP ( DT the ) ( NN gang ) ) ( SBAR ( WHNP-3 ( WDT that ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN done ) ( PP-CLR ( RP unto ) ) ( ADVP-MNR ( RB similarly ) ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NNP Los ) ( NNP Angeles ) ( NNP Dodgers ) ) ( CC and ) ( NP ( NNP Orel ) ( NNP Hershiser ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ last ) ( NN year ) ( POS 's ) ) ( NN tournament ) ) ) ) ) ) ) ) ) ) ) ) ) )

The team that dumped runs by the bushel on the Chicago Cubs in the National League playoffs was held to just one in two games by the home-team Oakland A 's the gang that had been done unto similarly by the Los Angeles Dodgers and Orel Hershiser in last year 's tournament


( S ( ADVP ( RB Morever ) ) ( NP-SBJ-1 ( NP ( JJ much ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN damage ) ) ) ) ( VP ( VBD was ) ( VP ( VBN accomplished ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP A ) ( NNP 's ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD had ) ( NP ( NP ( DT some ) ( VBG catching ) ( RP up ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB do ) ) ) ) ) ) ) ) ) ) ) ) ) )

Morever much of the damage was accomplished by A 's who had some catching up to do


( S ( PP-LOC ( IN In ) ( NP ( NN game ) ( CD two ) ) ) ( PP-TMP ( IN on ) ( NP ( NP ( DT a ) ( JJ cool ) ( NNP Sunday ) ( NN evening ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT this ) ( NN land ) ) ( PP ( IN of ) ( NP ( JJ perpetual ) ( NN autumn ) ) ) ) ) ) ) ( NP-SBJ-1 ( NP ( DT a ) ( NN lot ) ) ( PP ( IN of ) ( NP ( DT the ) ( VBG catching ) ( RP up ) ) ) ) ( VP ( VBD was ) ( VP ( VBN done ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NNP A ) ( NNP 's ) ( NN catcher ) ) ( NP ( NNP Terry ) ( NNP Steinbach ) ) ) ) ) ) )

In game two on a cool Sunday evening in this land of perpetual autumn a lot of the catching up was done by the A 's catcher Terry Steinbach


( S ( NP-SBJ-2 ( PRP He ) ) ( VP ( VBD hit ) ( NP ( NP ( DT a ) ( CD 2-0 ) ( NN pitch ) ) ( PP ( IN from ) ( NP ( NNP Rick ) ( NNP Reuschel ) ) ) ) ( PP-DIR ( IN into ) ( NP ( DT the ) ( JJ left-field ) ( NNS stands ) ) ) ( PP-TMP ( IN in ) ( NP ( NN inning ) ( CD four ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB stretch ) ( NP ( NP ( PRP$ his ) ( NN team ) ( POS 's ) ) ( NN lead ) ) ( PP-DIR ( IN from ) ( NP ( CD 2-1 ) ) ) ( PP-DIR ( TO to ) ( NP ( NP ( DT a ) ( JJ decisive ) ( CD 5-1 ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD stayed ) ) ) ) ) ) ) ) ) ) )

He hit a 2-0 pitch from Rick Reuschel into the left-field stands in inning four to stretch his team 's lead from 2-1 to a decisive 5-1 where it stayed


( FRAG ( ADVP ( RB So ) ( WP what ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( NNP Steinbach ) ) ( VP ( VBD had ) ( VP ( VP ( VBN struck ) ( NP ( RB just ) ( CD seven ) ( NN home ) ( NNS runs ) ) ( PP-TMP ( IN in ) ( NP ( CD 130 ) ( JJ regular-season ) ( NNS games ) ) ) ) ( CC and ) ( VP ( VBD batted ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ seventh ) ( NN position ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP A ) ( NNP 's ) ( NN lineup ) ) ) ) ) ) ) ) ) ) )

So what if Steinbach had struck just seven home runs in 130 regular-season games and batted in the seventh position of the A 's lineup


( S ( S-1 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VP ( VBP get ) ( NP ( PRP$ your ) ( NN pitch ) ) ) ( CC and ) ( VP ( VBP take ) ( NP ( DT a ) ( JJ good ) ( NN swing ) ) ) ) ) ) ( NP-SBJ ( NN anything ) ) ( VP ( MD can ) ( VP ( VB happen ) ) ) ) ( NP-SBJ ( PRP he ) ) ( ADVP-TMP ( RBR later ) ) ( VP ( VBD remarked ) ) )

If you get your pitch and take a good swing anything can happen he later remarked


( S ( PP-TMP ( IN On ) ( NP ( NNP Saturday ) ( NN night ) ) ) ( NP-SBJ-1 ( NP ( RB quite ) ( DT a ) ( JJ few ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS boys ) ) ( PP ( IN in ) ( NP ( NN green ) ( CC and ) ( NN gold ) ) ) ) ) ) ( VP ( VBD salted ) ( PRT ( RP away ) ) ( NP ( NNS successes ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB salve ) ( NP ( NP ( DT the ) ( NN pain ) ) ( PP ( IN of ) ( NP ( ADJP ( JJ past ) ( CC and ) ( PRN ( NP-ADV ( DT no ) ( NN doubt ) ) ) ( JJ future ) ) ( NNS droughts ) ) ) ) ) ) ) ) )

On Saturday night quite a few of the boys in green and gold salted away successes to salve the pain of past and no doubt future droughts


( S ( NP-SBJ ( NP ( NNP Mark ) ( NNP McGwire ) ) ( NP ( DT the ) ( JJ big ) ( JJ red-haired ) ( NNP Oakland ) ( JJ first ) ( NN baseman ) ) ) ( VP ( VBD had ) ( NP ( NP ( CD three ) ( NNS hits ) ) ) ( PP-TMP ( IN in ) ( NP ( CD four ) ( NN at ) ( NNS bats ) ) ) ( NP-3 ( NP ( CD two ) ( JJR more ) ) ( SBAR ( IN than ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD 'd ) ( VP ( VBN had ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ five-game ) ( NNP Dodger ) ( NN series ) ) ( SBAR ( WHPP-2 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD 'd ) ( VP ( VBN gone ) ( ADVP-CLR ( NN 1-for-17 ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mark McGwire the big red-haired Oakland first baseman had three hits in four at bats two more than he 'd had in the five-game Dodger series in which he 'd gone 1-for-17


( S ( NP-SBJ ( NP ( DT The ) ( NNS A-men ) ) ( VP ( VBG batting ) ( NP ( NP ( NNS Nos. ) ( CD 6 ) ( IN through ) ( CD 9 ) ) ( PRN ( JJ a.k.a. ) ( NP ( NP ( DT the ) ( NN bottom ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN order ) ) ) ) ) ) ) ) ( VP ( VP ( VBD got ) ( NP ( NP ( CD seven ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ their ) ( NN team ) ( POS 's ) ) ( CD 11 ) ( NNS hits ) ) ) ) ) ( CC and ) ( VP ( VBD scored ) ( NP ( NP ( CD four ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS runs ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT a ) ( CD 5-0 ) ( NN decision ) ) ) ) ) )

The A-men batting Nos. 6 through 9 a.k.a. the bottom of the order got seven of their team 's 11 hits and scored four of its runs in a 5-0 decision


( S ( NP-SBJ-1 ( JJ Right-hander ) ( NNP Dave ) ( NNP Stewart ) ) ( VP ( VBD held ) ( NP ( DT the ) ( NNP Giants ) ) ( PP-CLR ( TO to ) ( NP ( CD five ) ( NNS hits ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB account ) ( PP-CLR ( IN for ) ( NP ( NP ( DT the ) ( NN zero ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT the ) ( JJ other ) ( NN side ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Saturday ) ( NN ledger ) ) ) ) ) ) ) ) ) ) ) )

Right-hander Dave Stewart held the Giants to five hits to account for the zero on the other side of the Saturday ledger


( S ( S ( SBAR-SBJ ( IN That ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD was ) ( NP-PRD ( DT the ) ( NNP A ) ( NNP 's ) ( JJS winningest ) ( NN pitcher ) ) ( PP-TMP ( IN during ) ( NP ( PRP$ its ) ( NNP American ) ( NNP League ) ( NN campaign ) ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( CD 21-9 ) ( NN mark ) ) ( IN plus ) ( NP ( NP ( CD two ) ( NNS wins ) ) ( PP ( IN over ) ( NP ( NNP Toronto ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNS playoffs ) ) ) ) ) ) ) ) ) ( VP ( VBZ indicates ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD may ) ( VP ( VB have ) ( NP ( NP ( DT some ) ( NN evening ) ( RP up ) ) ( VP ( VBG coming ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN way ) ) ( SBAR ( S ( NP-SBJ ( PRP$ his ) ( JJ split-fingered ) ( NN fastball ) ) ( VP ( VBZ is ) ( VP ( VBG behaving ) ) ) ) ) ) ) ( NP-SBJ ( IN that ) ) ( VP ( MD might ) ( RB not ) ( VP ( VB be ) ( NP-TMP-PRD ( DT this ) ( NN week ) ) ) ) ) )

That he was the A 's winningest pitcher during its American League campaign with a 21-9 mark plus two wins over Toronto in the playoffs indicates he may have some evening up coming but with the way his split-fingered fastball is behaving that might not be this week


( S ( NP-SBJ ( DT The ) ( JJ same ) ) ( VP ( VBZ goes ) ( PP-CLR ( IN for ) ( NP ( NP ( NNP Mike ) ( NNP Moore ) ) ( NP ( NP ( DT another ) ( NN veteran ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD overcame ) ( NP ( JJ early ) ( NNS struggles ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB permit ) ( NP ( DT the ) ( NNP Giants ) ) ( NP ( ADVP ( RB but ) ) ( NP ( DT a ) ( NN run ) ) ( CC and ) ( NP ( CD four ) ( NNS hits ) ) ) ( PP-TMP ( IN in ) ( NP ( CD seven ) ( NNS innings ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( NNP Sunday ) ( POS 's ) ) ( NN contest ) ) ) ) ) ) ) ) ) ) ) ) ) )

The same goes for Mike Moore another veteran who overcame early struggles to permit the Giants but a run and four hits in seven innings in Sunday 's contest


( SINV ( S-TPC-2 ( NP-SBJ ( NP ( DT Every ) ( NN guy ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD put ) ( ADVP-PUT ( RB out ) ( RB there ) ) ) ) ) ) ( VP ( VBD had ) ( NP ( NP ( DT a ) ( JJR better ) ( NN split-finger ) ) ( PP ( IN than ) ( NP ( NP ( DT the ) ( NN guy ) ) ( ADVP ( RB before ) ) ) ) ) ) ) ( VP ( VBD marveled ) ) ( NP-SBJ ( JJ Giant ) ( NN manager ) ( NNP Roger ) ( NNP Craig ) ) )

Every guy they put out there had a better split-finger than the guy before marveled Giant manager Roger Craig