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( S ( NP-SBJ ( NNP Bostic ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( DT the ) ( ADJP ( RB previously ) ( JJ unnamed ) ) ( NNS units ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( JJ first ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD five ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN sold ) ) ) ) ) ) ) ) ) )

Bostic is one of the previously unnamed units and the first of the five to be sold

( S ( NP-SBJ-1 ( DT The ) ( NN company ) ) ( VP ( VP ( VBZ is ) ( ADVP ( RB still ) ) ( VP ( VBG negotiating ) ( NP ( NP ( DT the ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ other ) ( CD four ) ( NNS units ) ) ) ) ) ) ( CC and ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VB announce ) ( NP ( NNS agreements ) ) ( PP-TMP ( IN by ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN year ) ) ) ) ) ) ) ) ) ) )

The company is still negotiating the sales of the other four units and expects to announce agreements by the end of the year

( S ( NP-SBJ ( DT The ) ( CD five ) ( NNS units ) ) ( VP ( VBD generated ) ( NP ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( RB about ) ( CD 1.3 ) ( CD billion ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1988 ) ) ) ( NP-1 ( NP ( QP ( RB almost ) ( NN half ) ) ) ( PP ( IN of ) ( NP ( NP ( NNP Emhart ) ( POS 's ) ) ( ADJP ( QP ( CD 2.3 ) ( CD billion ) ) ) ( NN revenue ) ) ) ) ) )

The five units generated sales of about 1.3 billion in 1988 almost half of Emhart 's 2.3 billion revenue

( S ( NP-SBJ ( NNP Bostic ) ) ( VP ( VBD posted ) ( NP ( NP ( CD 1988 ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( CD 255 ) ( CD million ) ) ) ) ) ) )

Bostic posted 1988 sales of 255 million

( SINV ( S-TPC-1 ( S ( NP-SBJ ( PRP$ Our ) ( NN divestiture ) ( NN program ) ) ( VP ( VBZ is ) ( PP-PRD ( IN on ) ( NP ( NN schedule ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP remain ) ( ADJP-PRD ( JJ confident ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( MD will ) ( VP ( VB achieve ) ( NP ( NP ( PRP$ our ) ( JJ stated ) ( NN goal ) ) ( PP ( IN of ) ( NP ( NP ( QP ( RB over ) ( CD 1 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( JJ net ) ( NNS proceeds ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Nolan ) ( NNP D. ) ( NNP Archibald ) ) ( NP ( NP ( NNP Black ) ( CC & ) ( NNP Decker ) ( POS 's ) ) ( NX ( NX ( NN president ) ) ( CC and ) ( NX ( JJ chief ) ( JJ executive ) ( NN officer ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN statement ) ) ) )

Our divestiture program is on schedule and we remain confident that we will achieve our stated goal of over 1 billion in net proceeds said Nolan D. Archibald Black & Decker 's president and chief executive officer in a statement

( S ( NP-SBJ ( DT The ) ( NNS sales ) ) ( VP ( VBP are ) ( NP-PRD ( DT an ) ( NN attempt ) ( S ( VP ( TO to ) ( VP ( VB quell ) ( NP ( NP ( NN investor ) ( NN concern ) ) ( PP ( IN about ) ( NP ( NP ( NP ( NNP Black ) ( CC & ) ( NNP Decker ) ( POS 's ) ) ( JJ increased ) ( NN debt ) ( NN burden ) ) ( PP ( IN from ) ( NP ( DT the ) ( NNP Emhart ) ( NN purchase ) ) ) ) ) ) ) ) ) ) ) )

The sales are an attempt to quell investor concern about Black & Decker 's increased debt burden from the Emhart purchase

( S ( NP-SBJ ( NP ( DT The ) ( NN company ) ( POS 's ) ) ( NN stock ) ) ( VP ( VBD plunged ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( PRP it ) ) ( ADVP-TMP ( RB first ) ) ( VP ( VBD announced ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD planned ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NNP Emhart ) ) ) ) ) ) ) ) ) ) ) ) )

The company 's stock plunged when it first announced that it planned to acquire Emhart

( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBZ maintains ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB expect ) ( S ( NP-SBJ ( NNP Emhart ) ) ( VP ( TO to ) ( VP ( VB contribute ) ( PP-CLR ( TO to ) ( NP ( NNS earnings ) ) ) ( PP-TMP ( IN for ) ( NP ( RB about ) ( DT another ) ( CD 12 ) ( NNS months ) ) ) ) ) ) ) ) ) ) ) )

The company maintains that it does n't expect Emhart to contribute to earnings for about another 12 months

( S ( PP-LOC ( IN In ) ( NP ( NP ( JJ composite ) ( NN trading ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ) ) ) ) ( NP-SBJ ( NNP Black ) ( CC & ) ( NNP Decker ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( CD 19.75 ) ) ) ( NP-TMP ( NN yesterday ) ) ( ADVP ( RB down ) ( NP ( CD 25 ) ( NNS cents ) ) ) ) )

In composite trading on the New York Stock Exchange Black & Decker closed at 19.75 yesterday down 25 cents

( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB announce ) ( NP ( DT the ) ( NN sale ) ) ( PP-TMP ( IN until ) ( PP ( IN after ) ( NP ( NP ( DT the ) ( NN close ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN market ) ) ) ) ) ) ) ) )

The company did n't announce the sale until after the close of the market

( S ( NP-SBJ ( NP ( NNP HEALTHDYNE ) ( NNP Inc. ) ) ( NP-LOC ( NNP Atlanta ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( PRP$ its ) ( NN subsidiary ) ) ( NP ( NNP Home ) ( NNP Nutritional ) ( NNP Services ) ( NNP Inc. ) ) ) ( VP ( VBD registered ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NNP Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ) ) ( NP ( NP ( DT an ) ( JJ initial ) ( JJ public ) ( NN offering ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD four ) ( CD million ) ) ( NNS shares ) ) ( PP ( IN of ) ( NP ( JJ common ) ) ) ) ) ) ) ) ) ) )

HEALTHDYNE Inc. Atlanta said its subsidiary Home Nutritional Services Inc. registered with the Securities and Exchange Commission an initial public offering of four million shares of common

( S ( NP-SBJ ( DT The ) ( JJ in-home ) ( NN health ) ( NN care ) ( NNS services ) ( NN provider ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB sell ) ( NP ( NP ( QP ( CD 1.8 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ new ) ( NNS shares ) ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NNP Home ) ( NNP Nutritional ) ( NNP Services ) ) ( VP ( MD will ) ( VP ( VB sell ) ( NP ( DT the ) ( VBG remaining ) ( QP ( CD 2.2 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) )

The in-home health care services provider said it will sell 1.8 million of the new shares while Home Nutritional Services will sell the remaining 2.2 million

( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBZ estimates ) ( NP ( DT the ) ( NN offering ) ( NN price ) ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( IN between ) ( CD 14 ) ( CC and ) ( CD 16 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) )

The company estimates the offering price at between 14 and 16 a share

( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VB use ) ( NP ( DT the ) ( NNS proceeds ) ) ( UCP-CLR ( S ( VP ( TO to ) ( VP ( VB repay ) ( NP ( JJ certain ) ( NN bank ) ( NN debt ) ) ) ) ) ( CC and ) ( PP ( IN for ) ( NP ( NP ( JJ general ) ( JJ corporate ) ( NNS purposes ) ) ( PP ( VBG including ) ( NP ( S-NOM ( VP ( VBG establishing ) ( NP ( JJ new ) ( NN operating ) ( NNS centers ) ) ) ) ( CC and ) ( NP ( JJ possible ) ( NNS acquisitions ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The company said it expects to use the proceeds to repay certain bank debt and for general corporate purposes including establishing new operating centers and possible acquisitions

( S ( NP-SBJ ( NNP Home ) ( NNP Nutritional ) ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBZ has ) ( NP ( NP ( QP ( CD 10 ) ( CD million ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) )

Home Nutritional currently has 10 million shares outstanding

( S ( NP-SBJ ( PRP It ) ) ( VP ( MD will ) ( VP ( VB have ) ( NP ( NP ( QP ( CD 11.8 ) ( CD million ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ( PP-TMP ( IN after ) ( NP ( DT the ) ( NN offering ) ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( NNP Healthdyne ) ) ( VP ( VBG owning ) ( NP ( NP ( QP ( RB about ) ( CD 65 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN total ) ) ) ) ) ) ) ) ) )

It will have 11.8 million shares outstanding after the offering with Healthdyne owning about 65 % of the total

( S ( NP-SBJ-1 ( NP ( NNP Michael ) ( NNP Grobstein ) ) ( ADJP ( NP ( CD 46 ) ( NNS years ) ) ( JJ old ) ) ) ( VP ( VBD was ) ( VP ( VBN named ) ( S ( NP-PRD ( NP ( NP ( NN vice ) ( NN chairman ) ) ( PP ( IN for ) ( NP ( NN planning ) ( NN marketing ) ( CC and ) ( NN industry ) ( NNS services ) ) ) ) ( NP ( DT a ) ( JJ new ) ( NN post ) ) ) ) ) ) )

Michael Grobstein 46 years old was named vice chairman for planning marketing and industry services a new post

( S ( NP-SBJ ( NNP Mr. ) ( NNP Grobstein ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT a ) ( NN vice ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( NP ( NNP Ernst ) ( CC & ) ( NNP Whinney ) ) ( NP ( NP ( DT an ) ( NN accounting ) ( NN firm ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD merged ) ( PP-CLR ( IN with ) ( NP ( NN rival ) ( NNP Arthur ) ( NNP Young ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ) ) ( S-PRP-CLR ( VP ( TO to ) ( VP ( VB form ) ( NP ( NP ( NNP Ernst ) ( CC & ) ( NNP Young ) ) ( NP ( DT a ) ( JJ major ) ( NN accounting ) ( NN tax ) ( CC and ) ( NN management ) ( NN consulting ) ( NN firm ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Grobstein had been a vice chairman of Ernst & Whinney an accounting firm that merged with rival Arthur Young in July to form Ernst & Young a major accounting tax and management consulting firm

( S ( S-TPC-2 ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Grobstein ) ( POS 's ) ) ( NN appointment ) ) ( VP ( VBZ formalizes ) ( NP ( NP ( DT a ) ( NN role ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG performing ) ( PP-PRP ( IN since ) ( NP ( DT the ) ( NN merger ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NN spokeswoman ) ) ( VP ( VBD said ) ) )

Mr. Grobstein 's appointment formalizes a role he has been performing since the merger a spokeswoman said

( S ( NP-SBJ ( NNP CMS ) ( NNP ENERGY ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN management ) ) ( VP ( MD would ) ( VP ( VB recommend ) ( PP-CLR ( TO to ) ( NP ( PRP$ its ) ( NN board ) ) ) ( NP-TMP ( NN today ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP$ its ) ( JJ common ) ( NN stock ) ( NN dividend ) ) ( VP ( VB be ) ( VP ( VBN reinstated ) ( PP-CLR ( IN at ) ( NP ( DT a ) ( JJ modest ) ( NN level ) ) ) ( NP-TMP ( RB later ) ( DT this ) ( NN year ) ) ) ) ) ) ) ) ) ) ) )

CMS ENERGY Corp. said management would recommend to its board today that its common stock dividend be reinstated at a modest level later this year

( S ( NP-SBJ-1 ( DT The ) ( NAC-LOC ( NNP Dearborn ) ( NNP Mich. ) ) ( NN energy ) ( NN company ) ) ( VP ( VBD stopped ) ( S ( VP ( VBG paying ) ( NP ( DT a ) ( NN dividend ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ( PP ( IN of ) ( NP ( CD 1984 ) ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( NNS troubles ) ) ( PP-LOC ( IN at ) ( NP ( PRP$ its ) ( NNP Midland ) ( JJ nuclear ) ( NN plant ) ) ) ) ) ) )

The Dearborn Mich. energy company stopped paying a dividend in the third quarter of 1984 because of troubles at its Midland nuclear plant

( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ ( NNP CMS ) ) ( VP ( VBD reported ) ( NP ( NP ( JJ third-quarter ) ( NN net ) ) ( PP ( IN of ) ( NP ( NP ( NP ( QP ( CD 68.2 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 83 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( RB up ) ( PP ( IN from ) ( NP ( NP ( QP ( CD 66.8 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 81 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RB ago ) ) ) ) ) ) ) ) )

In addition CMS reported third-quarter net of 68.2 million or 83 cents a share up from 66.8 million or 81 cents a share a year ago

( S ( NP-SBJ ( NP ( DT The ) ( VBG growing ) ( NN crowd ) ) ( PP ( IN of ) ( NP ( JJ Japanese ) ( NNS investors ) ) ) ( VP ( VBG buying ) ( PRT ( RP up ) ) ( NP ( JJ foreign ) ( NNS companies ) ) ) ) ( VP ( VBP are ) ( RB n't ) ( RB all ) ( NP-PRD ( NP ( JJ strait-laced ) ( NNS businessmen ) ) ( PP-LOC ( IN in ) ( NP ( JJ dark ) ( NNS suits ) ) ) ) ) )

The growing crowd of Japanese investors buying up foreign companies are n't all strait-laced businessmen in dark suits

( S ( NP-SBJ ( NP ( NNP Yasumichi ) ( NNP Morishita ) ) ( SBAR ( WHNP-1 ( WP$ whose ) ( NN art ) ( NN gallery ) ) ( S ( NP-TMP ( JJ last ) ( NN month ) ) ( VP ( VBD became ) ( NP-PRD ( NP ( DT a ) ( JJ major ) ( NN shareholder ) ) ( PP ( IN in ) ( NP ( NP ( NNP Christies ) ( NNP International ) ( NNP PLC ) ) ( NP ( DT the ) ( NNP London ) ( NN auction ) ( NN house ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD one ) ( NN man ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBZ does ) ( RB n't ) ( VP ( VB fit ) ( NP ( DT the ) ( NN mold ) ) ) ) ) ) ) ) )

Yasumichi Morishita whose art gallery last month became a major shareholder in Christies International PLC the London auction house is one man who does n't fit the mold

( S ( PP-LOC ( IN In ) ( NP ( NNP Japan ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ 's ) ( VP ( VBN known ) ( PP-LOC ( IN in ) ( NP ( JJ racy ) ( JJ weekly ) ( NNS magazines ) ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT the ) ( NNP King ) ) ( PP ( IN of ) ( NP ( NNP Shady ) ( NNP Money ) ) ) ) ) ) ) )

In Japan he 's known in racy weekly magazines as the King of Shady Money

( S ( PP ( IN If ) ( NP ( NP ( NN nothing ) ) ( ADJP ( RB else ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN 57-year-old ) ( POS 's ) ) ( NN past ) ) ( VP ( VBZ has ) ( NP ( NP ( PRP$ its ) ( NN share ) ) ( PP ( IN of ) ( NP ( NNS dents ) ) ) ) ) )

If nothing else the 57-year-old 's past has its share of dents

( S ( ADVP-TMP ( NP ( QP ( RB Nearly ) ( CD 20 ) ) ( NNS years ) ) ( RB ago ) ) ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Morishita ) ) ( NP ( NP ( NN founder ) ( CC and ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( NP ( NNP Aichi ) ( NNP Corp. ) ) ( NP ( DT a ) ( NN finance ) ( NN company ) ) ) ) ) ) ( VP ( VBD received ) ( NP ( DT a ) ( JJ 10-month ) ( JJ suspended ) ( NN sentence ) ) ( PP-CLR ( IN from ) ( NP ( DT a ) ( NNP Tokyo ) ( NN court ) ) ) ( PP-CLR ( IN for ) ( S-NOM ( VP ( VBG violating ) ( NP ( NP ( DT a ) ( JJ money-lending ) ( NN law ) ) ( CC and ) ( NP ( DT an ) ( NN income ) ( NN tax ) ( NN law ) ) ) ) ) ) ) )

Nearly 20 years ago Mr. Morishita founder and chairman of Aichi Corp. a finance company received a 10-month suspended sentence from a Tokyo court for violating a money-lending law and an income tax law

( S ( NP-SBJ-1 ( PRP He ) ) ( VP ( VBD was ) ( VP ( VBN convicted ) ( PP ( IN of ) ( S-NOM ( VP ( VP ( VBG charging ) ( NP ( NP ( NN interest ) ( NNS rates ) ) ( ADJP ( ADJP ( RB much ) ( JJR higher ) ) ( PP ( IN than ) ( SBAR-NOM ( WHNP-3 ( WP what ) ) ( S ( NP-SBJ ( DT the ) ( NN law ) ) ( VP ( VBD permitted ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBG attempting ) ( S ( VP ( TO to ) ( VP ( VB evade ) ( NP ( NN income ) ( NNS taxes ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG using ) ( NP ( DT a ) ( JJ double ) ( NN accounting ) ( NN system ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He was convicted of charging interest rates much higher than what the law permitted and attempting to evade income taxes by using a double accounting system

( S ( NP-SBJ ( PRP He ) ) ( VP ( POS 's ) ( VP ( VBD had ) ( NP ( NP ( JJ other ) ( NNS brushes ) ) ( PP ( IN with ) ( NP ( DT the ) ( NN law ) ) ) ) ) ) )

He 's had other brushes with the law

( S ( NP-SBJ-1 ( PRP He ) ) ( VP ( VBD was ) ( VP ( VBN arrested ) ( PRN ( ADVP ( IN though ) ) ( RB not ) ( VP ( VBN indicted ) ) ) ( PP ( IN on ) ( NP ( QP ( IN at ) ( JJS least ) ( CD three ) ) ( JJ other ) ( NNS occasions ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( CD '60s ) ( CC and ) ( CD '70s ) ) ) ( PP-CLR ( PP ( IN for ) ( NP ( NP ( NN assault ) ) ( CC and ) ( NP ( JJ unlawful ) ( NN confinement ) ) ) ) ( PP ( IN for ) ( NP ( NP ( NN fraud ) ) ( CC and ) ( NP ( NP ( NN forgery ) ) ( PP ( IN of ) ( NP ( JJ private ) ( NNS documents ) ) ) ) ) ) ( CC and ) ( PP ( IN for ) ( NP ( NN extortion ) ) ) ) ) ) )

He was arrested though not indicted on at least three other occasions in the '60s and '70s for assault and unlawful confinement for fraud and forgery of private documents and for extortion

( S ( NP-SBJ ( NNP Christies ) ) ( VP ( VBZ says ) ( SBAR ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBD had ) ( NP ( NP ( DT no ) ( NN contact ) ) ( PP ( IN with ) ( NP ( NNP Mr. ) ( NNP Morishita ) ) ) ) ( PP-TMP ( IN since ) ( NP ( DT the ) ( NN stock ) ( NN purchase ) ) ) ) ) ) ) ( CC but ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ happy ) ( S ( VP ( TO to ) ( VP ( VB deal ) ( PP-CLR ( IN with ) ( NP ( PRP him ) ) ) ) ) ) ) ) ) ) ) ) )

Christies says it has had no contact with Mr. Morishita since the stock purchase but that it 's happy to deal with him

( SINV ( S-TPC-2 ( NP-SBJ-1 ( PRP We ) ) ( VP ( VBP like ) ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( PRP$ our ) ( JJ own ) ( NNS judgments ) ) ( PP ( IN about ) ( NP ( NNP Mr. ) ( NNP Morishita ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Christopher ) ( NNP Davidge ) ) ( NP ( NP ( NNP Christies ) ( POS ' ) ) ( NN group ) ( VBG managing ) ( NN director ) ) ) )

We like to make our own judgments about Mr. Morishita says Christopher Davidge Christies ' group managing director

( S ( NP-SBJ ( NNS People ) ) ( VP ( VBP have ) ( NP ( DT a ) ( JJ different ) ( NN reputation ) ) ( NP-ADV ( NP ( NN country ) ) ( PP ( IN by ) ( NP ( NN country ) ) ) ) ) )

People have a different reputation country by country

( S ( NP-SBJ ( NNP Mr. ) ( NNP Morishita ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ leading ) ( NN figure ) ) ( PP-LOC ( IN among ) ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( CD 38,000 ) ( NX ( NX ( NX ( FW machikin ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBP lend ) ( PP-CLR ( TO to ) ( NP ( JJ small ) ( NNS companies ) ) ) ) ) ) ) ( CC and ) ( NX ( NX ( FW sarakin ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBP lend ) ( PP-CLR ( TO to ) ( NP ( NNS individuals ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Morishita is a leading figure among Japan 's 38,000 machikin which lend to small companies and sarakin which lend to individuals

( S ( NP-SBJ-1 ( NP ( JJ Many ) ) ( PP ( IN of ) ( NP ( DT these ) ( NNS financiers ) ) ) ) ( VP ( VBP lend ) ( ADVP-MNR ( RB freely ) ) ( PP-MNR ( ADVP-TMP ( RB often ) ) ( IN without ) ( S-NOM ( VP ( VBG demanding ) ( NP ( NN collateral ) ) ) ) ) ) )

Many of these financiers lend freely often without demanding collateral

( SINV ( S-TPC-2 ( CC But ) ( NP-SBJ ( NP ( DT the ) ( NN interest ) ( NNS rates ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP charge ) ) ) ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB often ) ) ( PP-LOC-PRD ( IN near ) ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( ADJP ( CD 54.75 ) ( NN % ) ) ( JJ legal ) ( NN limit ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Kenji ) ( NNP Utsunomiya ) ) ( NP ( NP ( DT a ) ( NN lawyer ) ) ( VP ( VBG specializing ) ( PP-CLR ( IN in ) ( NP ( NN loan ) ( NNS troubles ) ) ) ) ) ) )

But the interest rates they charge are often near Japan 's 54.75 % legal limit says Kenji Utsunomiya a lawyer specializing in loan troubles

( S-1 ( NP-SBJ ( NNP Aichi ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( FW machikin ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP Utsunomiya ) ) ( VP ( VBZ says ) ) ) ) ( CC and ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ nasty ) ( NNS ones ) ) ) ) ) ) )

Aichi is a machikin Mr. Utsunomiya says and one of the nasty ones

( S ( PP-LOC ( IN In ) ( S-NOM ( VP ( VBG describing ) ( NP ( DT that ) ( NN business ) ) ( PP-MNR ( IN in ) ( ADJP ( JJ general ) ) ) ) ) ) ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBZ says ) ( SBAR ( IN that ) ( S ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( DT the ) ( NN client ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB repay ) ( NP ( DT the ) ( NN loan ) ) ) ) ) ) ( NP-SBJ ( DT some ) ( FW machikin ) ) ( VP ( VP ( VBP clutch ) ( PRT ( RP on ) ) ( PP-MNR ( IN like ) ( NP ( NNS hyenas ) ) ) ) ( CC and ) ( VP ( ADVP ( RB even ) ) ( VBP take ) ( PRT ( RP over ) ) ( NP ( NP ( DT the ) ( NN client ) ( POS 's ) ) ( NN company ) ) ) ) ) ) ) )

In describing that business in general he says that when the client ca n't repay the loan some machikin clutch on like hyenas and even take over the client 's company

( S ( NP-TMP ( JJ Last ) ( NN month ) ) ( NP-SBJ ( NP ( NP ( NNP Mr. ) ( NNP Morishita ) ( POS 's ) ) ( JJ new ) ( NN gallery ) ) ( NP ( NNP Aska ) ( NNP International ) ( NNP Ltd. ) ) ) ( VP ( VBD purchased ) ( NP ( NP ( CD 6.4 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NNP Christies ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 33 ) ( CD million ) ) ) ( PRN ( NP ( QP ( CD 53.3 ) ( CD million ) ) ) ) ) ) ) )

Last month Mr. Morishita 's new gallery Aska International Ltd. purchased 6.4 % of Christies for 33 million 53.3 million

( S ( S-ADV ( VP ( VBN Acquired ) ( PP-CLR ( IN from ) ( NP ( NP ( NNP Carisbrook ) ( NNP Holdings ) ( NNP U.K. ) ( NNP Ltd. ) ) ( NP ( NP ( DT a ) ( NN company ) ) ( VP ( VBN owned ) ( PP ( IN by ) ( NP-LGS ( JJ Australian ) ( NN financier ) ( NNP Robert ) ( NNP Holmes ) ( DT a ) ( NNP Court ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( DT the ) ( NN stake ) ) ( VP ( VBD was ) ( ADVP ( RB apparently ) ) ( NP-PRD ( NP ( DT the ) ( JJ first ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN kind ) ) ) ( PP ( IN for ) ( NP ( NP ( NNP Aska ) ) ( NP ( NP ( DT an ) ( NN entity ) ) ( ADJP ( JJ separate ) ( PP ( IN from ) ( NP ( NNP Aichi ) ) ) ) ) ) ) ) ) )

Acquired from Carisbrook Holdings U.K. Ltd. a company owned by Australian financier Robert Holmes a Court the stake was apparently the first of its kind for Aska an entity separate from Aichi

( S ( CC And ) ( NP-SBJ ( NP ( DT the ) ( NN acquisition ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD made ) ( S ( NP-SBJ ( NNP Aska ) ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( NNP Christies ) ( POS ' ) ) ( JJ top ) ( CD five ) ( NNS shareholders ) ) ) ) ) ) ) ) ) ( VP ( VBD left ) ( S ( NP-SBJ ( JJ many ) ( NNS people ) ) ( VP ( VBG wondering ) ( SBAR ( SBAR ( WHNP-2 ( WP who ) ) ( S ( NP-SBJ ( DT this ) ( NN man ) ) ( VP ( VBD was ) ) ) ) ( CC and ) ( SBAR ( WHNP-3 ( WP what ) ) ( S ( NP-SBJ ( PRP$ his ) ( NNS intentions ) ) ( VP ( VBD were ) ) ) ) ) ) ) ) )

And the acquisition which made Aska one of Christies ' top five shareholders left many people wondering who this man was and what his intentions were

( S ( S-TPC-2 ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( NP-PRD ( DT an ) ( NN investor ) ) ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Morishita ) ) ( VP ( VBZ says ) ( S-ADV ( VP ( VBG sitting ) ( PRT ( RP back ) ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ his ) ( JJ purple ) ( NN gallery ) ) ( VP ( VBN filled ) ( PP-CLR ( IN with ) ( NP ( QP ( DT some ) ( CD 20 ) ) ( NNPS Monets ) ( CC and ) ( NNPS Renoirs ) ) ) ) ) ) ) ) ) )

We 're an investor Mr. Morishita says sitting back in his purple gallery filled with some 20 Monets and Renoirs

( S ( PP ( IN In ) ( NP ( DT the ) ( JJ long ) ( NN run ) ) ) ( NP-SBJ ( DT the ) ( NN stock ) ( NNS prices ) ) ( VP ( MD will ) ( VP ( VB go ) ( ADVP-DIR ( RP up ) ) ) ) )

In the long run the stock prices will go up

( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ 's ) ( RB not ) ( ADJP-PRD ( JJ clear ) ) ( SBAR-1 ( IN whether ) ( S ( NP-SBJ-2 ( NNP Aska ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( JJR more ) ( NNS shares ) ) ) ) ) ) ) ) ) )

It 's not clear whether Aska plans to buy more shares

( S-2 ( CC But ) ( NP-SBJ-1 ( NNP Christies ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP Morishita ) ) ( VP ( VBZ insists ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ happy ) ( S ( VP ( TO to ) ( VP ( VB see ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( VB become ) ( NP ( DT a ) ( JJ long-term ) ( NN stockholder ) ) ) ) ) ) ) ) ) )

But Christies Mr. Morishita insists is happy to see him become a long-term stockholder

( S ( NP-SBJ ( NNP Mr. ) ( NNP Morishita ) ) ( VP ( VBZ considers ) ( S ( NP-SBJ ( PRP himself ) ) ( NP-PRD ( NP ( DT a ) ( NN connoisseur ) ) ( PP ( IN of ) ( NP ( NN art ) ) ) ) ) ) )

Mr. Morishita considers himself a connoisseur of art

( S-3 ( PP-TMP ( IN In ) ( NP ( NP ( CD 30 ) ( NNS years ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG collecting ) ( NP ( ADJP ( JJ impressionist ) ( CC and ) ( JJ Japanese ) ) ( NNS paintings ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( VP ( VBN acquired ) ( NP ( NP ( CD 600 ) ( NNS items ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( ADJP ( JJ enough ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB persuade ) ( NP-2 ( PRP him ) ) ( S ( VP ( TO to ) ( VP ( VB start ) ( NP ( DT a ) ( NN museum ) ) ( NP-TMP ( IN next ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ) ) )

In 30 years of collecting impressionist and Japanese paintings he has acquired 600 items he says enough to persuade him to start a museum next year

( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD spent ) ( NP ( QP ( CD 300 ) ( CD million ) ) ) ( PP-CLR ( IN on ) ( NP ( PRP$ his ) ( NN art ) ( NN business ) ) ) ( NP-TMP ( DT this ) ( NN year ) ) ) ) ) ) )

He says he spent 300 million on his art business this year

( S ( ADVP-TMP ( NP ( DT A ) ( NN week ) ) ( RB ago ) ) ( NP-SBJ-1 ( PRP$ his ) ( NN gallery ) ) ( VP ( VBD racked ) ( PRT ( RP up ) ) ( NP ( DT a ) ( ADJP ( QP ( CD 23 ) ( CD million ) ) ) ( NN tab ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT a ) ( NP ( NNP Sotheby ) ( POS 's ) ) ( NN auction ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ) ) ( S-MNR ( VP ( VBG buying ) ( NP ( NP ( CD seven ) ( NNS works ) ) ( PP ( VBG including ) ( NP ( DT a ) ( NNP Picasso ) ) ) ) ) ) ) )

A week ago his gallery racked up a 23 million tab at a Sotheby 's auction in New York buying seven works including a Picasso

( SINV ( S-TPC-1 ( NP-SBJ ( PRP He ) ) ( VP ( VBZ makes ) ( NP ( JJ snap ) ( NNS judgments ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Kiyotaka ) ( NNP Kori ) ) ( RRC ( NP ( NP ( NP ( DT the ) ( NN art ) ( NN gallery ) ( POS 's ) ) ( NN manager ) ) ( CC and ) ( NP ( NP ( NNP Mr. ) ( NNP Morishita ) ( POS 's ) ) ( NN secretary ) ) ) ( PP-TMP ( IN for ) ( NP ( QP ( RBR more ) ( IN than ) ( CD seven ) ) ( NNS years ) ) ) ) ) )

He makes snap judgments says Kiyotaka Kori the art gallery 's manager and Mr. Morishita 's secretary for more than seven years

( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Morishita ) ( POS 's ) ) ( JJ main ) ( NN business ) ) ( ADVP ( RB certainly ) ) ( VP ( VBZ appears ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBG thriving ) ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB disclose ) ( NP ( NNS numbers ) ) ) ) ) ) ) )

Mr. Morishita 's main business certainly appears to be thriving although he wo n't disclose numbers

( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( NP ( NNP Teikoku ) ( NNP Data ) ( NNP Bank ) ( NNP Ltd. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ tracks ) ( NP ( NN company ) ( NNS earnings ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Aichi ) ( POS 's ) ) ( NN revenue ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 15 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 49.3 ) ( CD billion ) ) ( NNS yen ) ) ( PRN ( NP ( QP ( CD 348.4 ) ( CD million ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( NN year ) ) ( VP ( VBD ended ) ( NP-TMP ( NNP February ) ) ) ) ) ) )

According to Teikoku Data Bank Ltd. which tracks company earnings Aichi 's revenue rose 15 % to 49.3 billion yen 348.4 million in the year ended February

( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD doubled ) ( PP-DIR ( IN from ) ( ADVP-TMP ( NP ( CD two ) ( NNS years ) ) ( RB ago ) ) ) ) )

Revenue doubled from two years ago

( FRAG ( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ is ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD reported ) ( NP ( NNS results ) ) ( ADVP-MNR ( RB correctly ) ) ) ) ) )

That is if the company reported results correctly

( S ( NP-SBJ ( NP ( DT The ) ( NNP Asahi ) ( NNP Shimbun ) ) ( NP ( DT a ) ( JJ Japanese ) ( JJ daily ) ) ) ( NP-TMP ( JJ last ) ( NN month ) ) ( VP ( VBD reported ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNS Aichi ) ) ( VP ( VBD revised ) ( NP ( PRP$ its ) ( NN tax ) ( NNS calculations ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG being ) ( VP ( VBN challenged ) ( PP-CLR ( IN for ) ( S-NOM ( ADVP ( RB allegedly ) ) ( VP ( VBG failing ) ( S ( VP ( TO to ) ( VP ( VB report ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN income ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NN tax ) ( NNS authorities ) ) ) ( PP-TMP ( IN over ) ( NP ( DT a ) ( JJ two-year ) ( NN period ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Asahi Shimbun a Japanese daily last month reported that Aichi revised its tax calculations after being challenged for allegedly failing to report all of its income to tax authorities over a two-year period

( S ( S ( NP-SBJ-1 ( DT The ) ( NNP Tokyo ) ( NNP Regional ) ( NNP Taxation ) ( NNP Office ) ) ( VP ( VBZ declines ) ( S ( VP ( TO to ) ( VP ( VB comment ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Kori ) ) ( NP ( NP ( DT the ) ( NN tycoon ) ( POS 's ) ) ( NN secretary ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN problem ) ) ( ADVP ( RB simply ) ) ( VP ( VBD resulted ) ( PP-CLR ( IN from ) ( NP ( NP ( DT a ) ( NN difference ) ) ( PP ( IN of ) ( NP ( NN opinion ) ) ) ( PP ( IN over ) ( SBAR-NOM ( WHNP-2 ( WP what ) ) ( S ( VP ( VBD was ) ( VP ( VBN considered ) ( S ( NP-PRD ( NN income ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Tokyo Regional Taxation Office declines to comment and Mr. Kori the tycoon 's secretary says the problem simply resulted from a difference of opinion over what was considered income

( S ( NP-SBJ ( DT The ) ( JJ small ) ( JJ wiry ) ( NNP Mr. ) ( NNP Morishita ) ) ( VP ( VBZ comes ) ( PRT ( RP across ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT an ) ( JJ outspoken ) ( NN man ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN world ) ) ) ) ) ) )

The small wiry Mr. Morishita comes across as an outspoken man of the world

( S ( S-ADV ( VP ( VP ( VBG Stretching ) ( NP ( PRP$ his ) ( NNS arms ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ his ) ( JJ silky ) ( JJ white ) ( NN shirt ) ) ) ) ( CC and ) ( VP ( VBG squeaking ) ( NP ( PRP$ his ) ( JJ black ) ( NNS shoes ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VP ( VBZ lectures ) ( NP ( DT a ) ( NN visitor ) ) ( PP-CLR ( IN about ) ( NP ( NP ( DT the ) ( NN way ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( JJ American ) ( JJ real ) ( NN estate ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ boasts ) ( PP-CLR ( IN about ) ( NP ( NP ( PRP$ his ) ( NN friendship ) ) ( PP ( IN with ) ( NP ( NP ( NNP Margaret ) ( NNP Thatcher ) ( POS 's ) ) ( NN son ) ) ) ) ) ) ) )

Stretching his arms in his silky white shirt and squeaking his black shoes he lectures a visitor about the way to sell American real estate and boasts about his friendship with Margaret Thatcher 's son

( S ( CC But ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( VP ( VBD asked ) ( SBAR ( WHNP-1 ( WHNP ( WP what ) ) ( ADVP ( RB exactly ) ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ does ) ( PP-LOC ( IN in ) ( NP ( NN business ) ) ) ) ) ) ) ) ) ( NP-SBJ-3 ( PRP he ) ) ( ADVP-TMP ( RB immediately ) ) ( VP ( VBZ takes ) ( NP ( NN offense ) ) ) )

But when asked what exactly he does in business he immediately takes offense

( S ( SQ ( VBP Are ) ( NP-SBJ ( PRP you ) ) ( ADJP-PRD ( JJ stupid ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ snaps ) ) )

Are you stupid he snaps

( S ( NP-SBJ ( PRP You ) ) ( VP ( MD should ) ( VP ( VB know ) ( SBAR ( WHNP-1 ( WP what ) ( NNS questions ) ) ( S ( VP ( TO to ) ( VP ( VB ask ) ( S-PRP ( VP ( TO to ) ( VP ( VB get ) ( S ( NP-SBJ ( NNS people ) ) ( VP ( TO to ) ( VP ( VB answer ) ) ) ) ) ) ) ) ) ) ) ) ) )

You should know what questions to ask to get people to answer

( S ( S ( NP-SBJ ( RB Not ) ( JJ many ) ( NNS people ) ) ( VP ( VBP know ) ( NP ( NP ( DT the ) ( NNS details ) ) ( PP ( IN of ) ( NP ( NP ( NNP Mr. ) ( NNP Morishita ) ( POS 's ) ) ( NN business ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( NN source ) ) ( PP ( IN of ) ( NP ( NP ( NNS rumors ) ) ( PP ( IN about ) ( NP ( JJ shady ) ( NNS dealings ) ) ) ) ) ) ) ) )

Not many people know the details of Mr. Morishita 's business but it 's a source of rumors about shady dealings

( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( DT a ) ( JJ small ) ( NN company ) ) ( VP ( VBZ goes ) ( ADJP-PRD ( RB belly-up ) ) ) ) ) ( PP ( IN for ) ( NP ( NN instance ) ) ) ( NP-SBJ-2 ( DT the ) ( JJ gossipy ) ( JJ weekly ) ( NNS magazines ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB often ) ) ( ADJP-PRD ( JJ quick ) ( S ( VP ( TO to ) ( VP ( VB link ) ( NP ( DT the ) ( NN demise ) ) ( PP-CLR ( IN with ) ( NP ( NNP Aichi ) ) ) ) ) ) ) ) )

When a small company goes belly-up for instance the gossipy weekly magazines are often quick to link the demise with Aichi

( S ( NP-SBJ ( NNP Mr. ) ( NNP Morishita ) ) ( VP ( VBZ scoffs ) ( PP-CLR ( IN at ) ( NP ( NP ( DT those ) ( NNS stories ) ) ( CONJP ( RB as ) ( RB well ) ( IN as ) ) ( NP ( NP ( DT the ) ( NNS ones ) ) ( VP ( VBG connecting ) ( NP ( PRP him ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( JJ Japanese ) ( NN mob ) ) ) ) ) ) ) ) )

Mr. Morishita scoffs at those stories as well as the ones connecting him to the Japanese mob

( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB never ) ) ( ADVP ( RB even ) ) ( VP ( VBN dined ) ( PP ( IN with ) ( NP ( NNS gangsters ) ) ) ) ) ) ) ) )

He says he has never even dined with gangsters

( S ( S-ADV ( NP-PRD ( NP ( DT The ) ( JJ seventh ) ( NN child ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN store ) ( NN owner ) ) ( PP-LOC ( IN in ) ( NP ( NNP Aichi ) ( NN prefecture ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Morishita ) ) ( VP ( VBD started ) ( PRT ( RP out ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN textile ) ( NN business ) ) ) ) )

The seventh child of a store owner in Aichi prefecture Mr. Morishita started out in the textile business

( S ( PP ( IN From ) ( ADVP ( RB there ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VP ( VBD set ) ( PRT ( RP up ) ) ( NP ( PRP$ his ) ( NN finance ) ( NN company ) ) ) ( CC and ) ( VP ( ADVP-MNR ( RB rapidly ) ) ( VBD expanded ) ( PP-DIR ( IN from ) ( NP ( VBG lending ) ) ) ( PP-DIR ( TO to ) ( NP ( NP ( NN investment ) ) ( PP ( IN in ) ( NP ( JJ real ) ( NN estate ) ) ) ) ) ( PP-DIR ( TO to ) ( S-NOM ( VP ( VBG building ) ( NP ( NN golf ) ( NNS courses ) ) ) ) ) ) ) )

From there he set up his finance company and rapidly expanded from lending to investment in real estate to building golf courses

( S-4 ( NP-SBJ-1 ( PRP He ) ) ( VP ( VBZ spends ) ( NP ( JJS most ) ( NNS weekends ) ) ( S-MNR ( VP ( VBG flying ) ( NP ( PRP$ his ) ( NN helicopter ) ) ( PP-DIR ( TO to ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( CD nine ) ( NNS courses ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( SBAR ( WHNP-2 ( WHNP ( CD two ) ) ( WHPP ( IN of ) ( WHNP ( WDT which ) ) ) ) ( S ( VP ( VBD were ) ( VP ( VBN designed ) ( PP ( IN by ) ( NP-LGS ( NNP Jack ) ( NNP Nicklaus ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He spends most weekends flying his helicopter to one of his nine courses he says two of which were designed by Jack Nicklaus

( S ( NP-SBJ ( PRP He ) ) ( ADVP ( RB also ) ) ( VP ( VBZ owns ) ( NP ( NP ( NNS courses ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP U.S. ) ) ( CC and ) ( NP ( NNP France ) ) ) ) ) ) )

He also owns courses in the U.S. and France

( S ( NP-SBJ-1 ( DT The ) ( JJ gruff ) ( NN financier ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD started ) ( S ( VP ( VBG socializing ) ( PP-LOC ( IN in ) ( NP ( JJ upper-class ) ( NNS circles ) ) ) ) ) ) )

The gruff financier recently started socializing in upper-class circles

( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBD was ) ( RB n't ) ( ADJP-PRD ( VB keen ) ( PP ( IN on ) ( S-NOM ( VP ( VBG going ) ) ) ) ) ) ) ) ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD attended ) ( NP ( NP ( DT a ) ( NNP New ) ( NNP York ) ( NN gala ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( PRP$ his ) ( NN daughter ) ) ( VP ( VBD made ) ( NP ( PRP$ her ) ( NN debut ) ) ) ) ) ) ) )

Although he says he was n't keen on going last year he attended a New York gala where his daughter made her debut

( S ( NP-SBJ ( PRP He ) ) ( ADVP ( RB also ) ) ( VP ( VBZ leads ) ( NP ( DT an ) ( JJ opulent ) ( NN life ) ( NN style ) ) ) )

He also leads an opulent life style

( S ( PP-LOC ( ADVP ( RB Even ) ) ( IN in ) ( NP ( NP ( NNP Denenchofu ) ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( NNP Tokyo ) ( POS 's ) ) ( JJS richest ) ( NNS neighborhoods ) ) ) ) ) ) ( NP-SBJ ( NP ( NP ( NNP Mr. ) ( NNP Morishita ) ( POS 's ) ) ( JJ splashy ) ( NN brick ) ( NN manor ) ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( QP ( RB some ) ( CD 10 ) ) ( NNS houses ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ owns ) ) ) ) ) ) ) ) ( VP ( VBZ outshines ) ( NP ( NP ( DT the ) ( NNS neighbors ) ( POS ' ) ) ) ) )

Even in Denenchofu one of Tokyo 's richest neighborhoods Mr. Morishita 's splashy brick manor one of some 10 houses he owns outshines the neighbors '

( S ( NP-SBJ ( NP ( DT A ) ( JJ lavish ) ( JJ white ) ( NN portico ) ) ( PP ( IN with ) ( NP ( DT a ) ( NN stained-glass ) ( NN window ) ) ) ) ( VP ( NNS towers ) ( PP-LOC-CLR ( IN over ) ( NP ( NP ( DT the ) ( NN brick ) ( NN wall ) ) ( VP ( VBG surrounding ) ( NP ( PRP$ his ) ( NN property ) ) ) ) ) ) )

A lavish white portico with a stained-glass window towers over the brick wall surrounding his property

( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Morishita ) ) ( VP ( VBZ says ) ( NP ( NP ( JJ little ) ) ( PP ( IN about ) ( NP ( PRP$ his ) ( NN business ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ offers ) ( NP ( NP ( NP ( CD one ) ( NN rule ) ) ( PP ( TO to ) ( NP ( NN success ) ) ) ) ( S ( ADVP-TMP ( RB Never ) ) ( VP ( VB gamble ) ( ADVP ( RB too ) ( RB far ) ) ) ) ) ) )

Although Mr. Morishita says little about his business he offers one rule to success Never gamble too far

( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP quit ) ( PP-TMP ( IN after ) ( NP ( CD one ) ( NN try ) ) ) ( SBAR-ADV ( IN whether ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP win ) ( CC or ) ( VBP lose ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

I quit after one try whether I win or lose he says

( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP 'm ) ( VP ( VBN done ) ( PP-TMP ( IN in ) ( NP ( CD two ) ( NNS minutes ) ) ) ) ) )

I 'm done in two minutes

( S ( NP-SBJ ( NNP Mr. ) ( NNP Morishita ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ intends ) ( S ( VP ( TO to ) ( VP ( VB expand ) ( NP ( PRP$ his ) ( NN business ) ) ( PP-DIR ( TO to ) ( NP ( NP ( JJ many ) ( JJ other ) ( NNS areas ) ) ( UCP-LOC ( PP ( IN at ) ( NP ( NN home ) ) ) ( CC and ) ( ADVP ( RB abroad ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Morishita says he intends to expand his business to many other areas at home and abroad

( SINV ( S-TPC-3 ( NP-SBJ ( PRP He ) ) ( VP ( MD 'll ) ( VP ( VB be ) ( ADVP-LOC-PRD ( RB there ) ) ( SBAR-TMP ( WHADVP-2 ( WRB wherever ) ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( NN money ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN made ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ laughs ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Kori ) ) ( NP ( DT the ) ( NN secretary ) ) ) )

He 'll be there wherever there 's money to be made laughs Mr. Kori the secretary

( S-2 ( FRAG-ADV ( WHNP-1 ( WP Who ) ) ( S ( VP ( VBZ knows ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD heard ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS soybeans ) ) ( VP ( VBP make ) ( NP ( NN money ) ) ) ) ) ( NP-TMP ( NN today ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( MD might ) ( VP ( VB be ) ( VP ( VBG flying ) ( PP-DIR ( IN out ) ( PP ( TO to ) ( NP ( NNP Chicago ) ) ) ) ( NP-TMP ( NN tomorrow ) ) ) ) ) )

Who knows he says if he heard that soybeans make money today he might be flying out to Chicago tomorrow

( S ( S ( NP-SBJ ( NP ( JJ Private-sector ) ( NN union ) ( NNS contracts ) ) ( VP ( VBN signed ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ) ) ( VP ( VBD granted ) ( NP ( NP ( ADJP ( RB slightly ) ( JJR lower ) ) ( NN wage ) ( NNS increases ) ) ( PP ( IN than ) ( NP ( NP ( DT those ) ) ( VP ( VBN signed ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ second ) ( NN quarter ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NN wage ) ( NNS increases ) ) ( ADVP ( RB still ) ) ( VP ( VBP are ) ( VP ( VBG running ) ( PP ( IN above ) ( NP ( NP ( JJ last ) ( NN year ) ( POS 's ) ) ( NNS levels ) ) ) ) ) ) )

Private-sector union contracts signed in the third quarter granted slightly lower wage increases than those signed in the second quarter but wage increases still are running above last year 's levels

( S ( NP-SBJ ( DT The ) ( NNP Labor ) ( NNP Department ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NN wage ) ( NNS settlements ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ) ( VP ( VBD called ) ( PP-CLR ( IN for ) ( NP ( NP ( JJ average ) ( JJ annual ) ( NN wage ) ( NNS increases ) ) ( PP ( IN of ) ( NP ( NP ( NP ( CD 3.6 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ first ) ( NN year ) ) ) ) ( CC and ) ( NP ( NP ( CD 3.0 ) ( NN % ) ) ( PP-TMP ( IN over ) ( NP ( NP ( DT the ) ( NN life ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS contracts ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Labor Department said wage settlements in the third quarter called for average annual wage increases of 3.6 % in the first year and 3.0 % over the life of the contracts

( S ( NP-TMP ( NP ( DT The ) ( JJ last ) ( NN time ) ) ( SBAR ( S ( NP-SBJ ( NP ( NNS parties ) ) ( PP ( TO to ) ( NP ( DT these ) ( NNS settlements ) ) ) ) ( VP ( VBD negotiated ) ( NP ( NN wage ) ( NNS increases ) ) ) ) ) ) ( PP-TMP ( ADVP ( RB mostly ) ) ( IN in ) ( NP ( CD 1986 ) ( CC or ) ( CD 1987 ) ) ) ( NP-SBJ ( NNS wages ) ) ( VP ( VBD increased ) ( NP-EXT ( NP ( DT an ) ( NN average ) ) ( PP ( IN of ) ( NP ( NP ( CD 2.4 ) ( NN % ) ) ( NP-ADV ( DT a ) ( NN year ) ) ) ) ( PP-TMP ( IN over ) ( NP ( NP ( DT the ) ( NN life ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS contracts ) ) ) ) ) ) ) )

The last time parties to these settlements negotiated wage increases mostly in 1986 or 1987 wages increased an average of 2.4 % a year over the life of the contracts

( S-3 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( DT this ) ( NN pattern ) ) ( VP ( VBZ continues ) ) ) ) ( PRN ( S ( NP-SBJ ( DT the ) ( NNP Labor ) ( NNP Department ) ) ( VP ( VBD said ) ) ) ) ( NP-SBJ ( CD 1989 ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( NP ( DT the ) ( JJ first ) ( NN year ) ) ( SBAR ( WHADVP-1 ( IN that ) ) ( S ( NP-SBJ ( DT the ) ( NN measure ) ) ( VP ( VBZ has ) ( VP ( VBN shown ) ( NP ( DT an ) ( NN increase ) ) ) ) ) ) ( PP-TMP ( IN since ) ( NP ( NP ( CD 1981 ) ) ( SBAR ( WHADVP-4 ( WRB when ) ) ( S ( NP-SBJ-2 ( DT the ) ( NN department ) ) ( VP ( VBD started ) ( S ( VP ( VBG comparing ) ( NP ( VBG expiring ) ( NNS contracts ) ) ( PP-CLR ( IN with ) ( NP ( NP ( DT those ) ) ( SBAR ( WHNP-5 ( WDT that ) ) ( S ( VP ( VBD replaced ) ( NP ( PRP them ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

If this pattern continues the Labor Department said 1989 will be the first year that the measure has shown an increase since 1981 when the department started comparing expiring contracts with those that replaced them

( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ reflects ) ( NP ( NP ( NP ( DT the ) ( NN restoration ) ) ( PP ( IN of ) ( NP ( NN wage ) ( NNS cuts ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( UCP ( NN steel ) ( CC and ) ( JJ other ) ) ( NNS industries ) ) ) ) ( CONJP ( RB as ) ( RB well ) ( IN as ) ) ( NP ( NP ( JJR higher ) ( NNS wages ) ) ( VP ( VBN granted ) ( NP ( NP ( NNS nurses ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP work ) ( PP-LOC ( IN in ) ( NP ( NN health-care ) ( NNS facilities ) ) ) ) ) ) ) ) ) ) ) )

This reflects the restoration of wage cuts in the steel and other industries as well as higher wages granted nurses who work in health-care facilities

( S ( S-TPC-1 ( NP-SBJ ( NP ( NNS Settlements ) ) ( VP ( VBD reached ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ first ) ( CD nine ) ( NNS months ) ) ( PP ( IN of ) ( NP ( CD 1989 ) ) ) ) ) ) ) ( VP ( VBD called ) ( PP-CLR ( IN for ) ( NP ( NP ( NN wage ) ( NNS increases ) ) ( VP ( VBG averaging ) ( NP ( NP ( NP ( CD 3.7 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ first ) ( NN contract ) ( NN year ) ) ) ) ( CC and ) ( NP ( NP ( CD 3.1 ) ( NN % ) ) ( ADVP ( RB annually ) ) ( PP-TMP ( IN over ) ( NP ( NP ( DT the ) ( NN life ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS contracts ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN department ) ) ( VP ( VBD said ) ) )

Settlements reached in the first nine months of 1989 called for wage increases averaging 3.7 % in the first contract year and 3.1 % annually over the life of the contracts the department said

( S ( PP ( IN For ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( CD 1988 ) ) ) ) ) ( NP-SBJ ( NN union ) ( NNS contracts ) ) ( VP ( VBD provided ) ( PP-CLR ( IN for ) ( NP ( NP ( NP ( ADJP ( CD 2.5 ) ( NN % ) ) ( NN wage ) ( NNS increases ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ first ) ( NN year ) ) ) ) ( CC and ) ( NP ( NP ( CD 2.4 ) ( NN % ) ) ( PP-TMP ( IN over ) ( NP ( NP ( DT the ) ( NN life ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS contracts ) ) ) ) ) ) ) ) ) )

For all of 1988 union contracts provided for 2.5 % wage increases in the first year and 2.4 % over the life of the contracts

( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ second ) ( NN quarter ) ) ) ( NP-SBJ ( NNS contracts ) ) ( VP ( VBD called ) ( PP-CLR ( IN for ) ( NP ( NP ( NNS increases ) ) ( PP ( IN of ) ( NP ( NP ( NP ( CD 3.9 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ first ) ( NN year ) ) ) ) ( CC and ) ( NP ( NP ( CD 3.4 ) ( NN % ) ) ( PP-TMP ( IN over ) ( NP ( NP ( DT the ) ( NN life ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS contracts ) ) ) ) ) ) ) ) ) ) ) )

In the second quarter contracts called for increases of 3.9 % in the first year and 3.4 % over the life of the contracts

( S ( S ( NP-SBJ ( DT The ) ( NNS figures ) ) ( VP ( VBP exclude ) ( NP ( NP ( JJ lump-sum ) ( NNS payments ) ) ( CC and ) ( NP ( JJ cost-of-living ) ( NNS adjustments ) ) ) ) ) ( IN so ) ( S ( NP-SBJ ( DT the ) ( JJ actual ) ( NN wage ) ( NNS increases ) ) ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBN been ) ( ADJP-PRD ( JJR bigger ) ) ) ) ) ) )

The figures exclude lump-sum payments and cost-of-living adjustments so the actual wage increases may have been bigger

( S ( S ( NP-SBJ ( NP ( QP ( RB About ) ( CD 35 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS workers ) ) ( VP ( VBN covered ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS contracts ) ) ( VP ( VBN signed ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ first ) ( CD nine ) ( NNS months ) ) ( PP ( IN of ) ( NP ( NN year ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBP get ) ( NP ( JJ lump-sum ) ( NNS payments ) ) ) ) ( S ( NP-SBJ-1 ( QP ( RB about ) ( CD 15 ) ) ( NN % ) ) ( VP ( VBP are ) ( VP ( VBN covered ) ( PP ( IN by ) ( NP-LGS ( JJ cost-of-living ) ( NNS clauses ) ) ) ) ) ) )

About 35 % of the workers covered by contracts signed in the first nine months of year get lump-sum payments about 15 % are covered by cost-of-living clauses

( S ( NP-SBJ ( NP ( NNS Unions ) ) ( VP ( VBN covered ) ( PP ( IN by ) ( NP-LGS ( CD one ) ( CC or ) ( JJ other ) ( NNS provisions ) ) ) ) ) ( ADVP ( RB generally ) ) ( VP ( VBN settled ) ( PP-CLR ( IN for ) ( NP ( JJR lower ) ( NN percentage ) ( NN wage ) ( NNS increases ) ) ) ) )

Unions covered by one or other provisions generally settled for lower percentage wage increases

( S ( NP-SBJ ( DT The ) ( NNP Labor ) ( NNP Department ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( NN wage ) ( NNS increases ) ) ( PP-LOC ( IN in ) ( NP ( NN manufacturing ) ( NNS industries ) ) ) ) ( VP ( VBP continue ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( ADJP ( JJR smaller ) ) ( PP ( IN than ) ( NP ( NP ( DT those ) ) ( PP-LOC ( IN in ) ( NP ( JJ other ) ( NNS industries ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Labor Department said wage increases in manufacturing industries continue to be smaller than those in other industries

( S ( PP ( IN For ) ( NP ( NP ( DT all ) ( QP ( CD six ) ( CD million ) ) ( NNS workers ) ) ( PP-LOC ( IN under ) ( NP ( JJ major ) ( JJ collective ) ( NN bargaining ) ( NNS agreements ) ) ) ) ) ( ADVP ( RB regardless ) ( PP ( IN of ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBN signed ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NN wage ) ( NNS increases ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ first ) ( CD nine ) ( NNS months ) ) ( PP ( IN of ) ( NP ( CD 1989 ) ) ) ) ) ) ( VP ( VBD averaged ) ( NP ( CD 2.5 ) ( NN % ) ) ( PP ( VBG including ) ( NP ( JJ cost-of-living ) ( NNS adjustments ) ) ) ) )

For all six million workers under major collective bargaining agreements regardless of when they were signed wage increases in the first nine months of 1989 averaged 2.5 % including cost-of-living adjustments

( S ( SBAR-ADV ( IN As ) ( S ( VP ( VBN expected ) ) ) ) ( NP-SBJ ( NNP First ) ( NNP Interstate ) ( NNP Bancorp ) ) ( VP ( VBD reported ) ( NP ( NP ( DT a ) ( JJ net ) ( NN loss ) ) ( PP ( IN of ) ( NP ( QP ( CD 15.5 ) ( CD million ) ) ) ) ( PP ( IN for ) ( NP ( PRP$ its ) ( JJ third ) ( NN quarter ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( NN hemorrhaging ) ) ( PP-LOC ( IN at ) ( NP ( PRP$ its ) ( NAC ( NNP First ) ( NNP Interstate ) ( NNP Bank ) ( PP ( IN of ) ( NP ( NNP Arizona ) ) ) ) ( NN unit ) ) ) ) ) ) )

As expected First Interstate Bancorp reported a net loss of 15.5 million for its third quarter because of hemorrhaging at its First Interstate Bank of Arizona unit

( S ( NP-SBJ ( DT The ) ( ADJP ( NNP Los ) ( JJ Angeles-based ) ) ( NN bank ) ( VBG holding ) ( NN company ) ) ( VP ( VBD disclosed ) ( NP-TMP ( JJ last ) ( NNP Friday ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD had ) ( VP ( VBN taken ) ( NP ( NP ( DT a ) ( JJ huge ) ( ADJP ( QP ( CD 350 ) ( CD million ) ) ) ( NN provision ) ) ( PP ( IN for ) ( NP ( NP ( NP ( NN loan ) ( NNS losses ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NNP Arizona ) ( NN bank ) ) ) ) ( NP ( NP ( DT the ) ( NN result ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN state ) ( POS 's ) ) ( VBG worsening ) ( JJ real-estate ) ( NN market ) ) ) ) ) ) ) ) ) ) ) ) )

The Los Angeles-based bank holding company disclosed last Friday that it had taken a huge 350 million provision for loan losses at the Arizona bank the result of the state 's worsening real-estate market

( S ( PP-LOC ( IN In ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NN report ) ) ) ( NP-SBJ ( NNP First ) ( NNP Interstate ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( PRP$ its ) ( NN bank ) ) ( PP-LOC ( IN in ) ( NP ( NNP Texas ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBD reported ) ( NP ( NP ( DT a ) ( NN loss ) ) ( PP ( IN of ) ( NP ( QP ( CD 23.5 ) ( CD million ) ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN quarter ) ) ) ) ) ) ) ) )

In yesterday 's report First Interstate said its bank in Texas also reported a loss of 23.5 million for the quarter

( S ( CC But ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD said ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( PRP$ its ) ( NN consumer ) ( NNS banks ) ) ( PP-LOC ( IN in ) ( NP ( NNP Oregon ) ( NNP California ) ( NNP Nevada ) ( CC and ) ( NNP Washington ) ) ) ) ( VP ( VBD performed ) ( ADVP-MNR ( RB well ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NN quarter ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( JJ nonperforming ) ( NNS assets ) ) ( PP-LOC ( IN at ) ( NP ( DT these ) ( NNS banks ) ) ) ) ( VP ( VBD declined ) ( PP-EXT ( IN by ) ( NP ( CD 14 ) ( NN % ) ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ year-ago ) ( NN period ) ) ) ) ) ) ) ) )

But it said that its consumer banks in Oregon California Nevada and Washington performed well during the quarter and that nonperforming assets at these banks declined by 14 % over the year-ago period

( S ( NP-SBJ ( EX There ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( CD two ) ( NNS versions ) ) ( PP ( IN of ) ( NP-TTL ( NP ( NN Measure ) ) ( PP ( IN for ) ( NP ( NN Measure ) ) ) ) ) ) ( PP-LOC ( IN on ) ( NP ( NN stage ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NNP Alley ) ( NNP Theater ) ) ( ADVP-LOC ( RB here ) ) ) ) ) )

There are two versions of Measure for Measure on stage at the Alley Theater here

( S ( S ( NP-SBJ ( CD One ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ strong ) ( JJ vigorous ) ( NN portrayal ) ) ( PP ( IN of ) ( NP ( NP ( NNP Shakespeare ) ( POS 's ) ) ( NN play ) ) ) ) ) ) ( S ( NP-SBJ ( DT the ) ( JJ other ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( NN director ) ( NNP Gregory ) ( NNP Boyd ) ( POS 's ) ) ( NN overlay ) ) ( PP ( IN of ) ( NP ( JJ present-day ) ( NN punk ) ( NN rock ) ( NN decadence ) ) ) ( PP ( IN on ) ( NP ( JJ old ) ( NNP Vienna ) ) ) ) ) ) )

One is a strong vigorous portrayal of Shakespeare 's play the other is director Gregory Boyd 's overlay of present-day punk rock decadence on old Vienna

( S ( NP-TTL-SBJ ( NP ( NN Measure ) ) ( PP ( IN for ) ( NP ( NN Measure ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Shakespeare ) ( POS 's ) ) ( NN problem ) ( NNS plays ) ) ( VP ( ADVP ( RB so ) ) ( VBN named ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ does ) ( RB not ) ( VP ( VB fit ) ( ADVP-MNR ( RB neatly ) ) ( PP-CLR ( IN into ) ( NP ( NP ( DT a ) ( NN category ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NN tragedy ) ( NN comedy ) ( CC or ) ( NN history ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Measure for Measure is one of Shakespeare 's problem plays so named because it does not fit neatly into a category such as tragedy comedy or history