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“5; 7 - : 


No. 34.649 

U.S. Begins Food Drop 
To Rwandans as Some 


An End to Belligerency 
Is IAkely to Be Declared 
By Hussein <md Rabin 

By John M. Goshko 

Washington Pan Service 

WASHINGTON — Prime. Minister 
Yit zhak Rabin of Israel and King Hussein 
of Jordan, who meet Monday at the White 
House, are expected to issue, a joint decla- 
ration ending the state of war that , has 
existed between their countries since 1948. 
ft Their action will stop short of a formal 
T Peace treaty. But it will amount to a de 
facto peace that will remove Jordan from 
the ring of hostile Arab neighbors that haw 
encircled Israel in the 46 years since its 

In addition to the formal ceremony with 
President Bill Clinton, Mr. Rabin and 
King Hussein will appear together .Tues- 
day before a joint session of Congress. 
They also will have an intensive senes- of 
private raee tings with Mr. Clinton and will 
appear with him at a. White House news 
conference Tuesday afternoon and a for- 
mal reception at the State Department that 

The import of this leap toward , a com- 
prehensive Middle East peace — long a 
major goal of U.S. foreign policy — was 
signaled Wednesday in a ceremony at a 
hotel on the Jo rdanian shore of the Dead 

There, the U.S. secretary of state, War- 
ren M. Christopher, joined Foreign Minis- 
ter Shimon Peres of Israel and Pnme Min- 
ister Abdel Salam Majali of Jo rdan as they 
signed an agreement to negotiate continu- 
ously on the ontstandiM issues between 
the two countries until they have fillnd in 
the blanks of what eventually win be a 
peace treaty. 

Mr. Clinton’s success in .bringing the 
two long-time enemies together for the 
first time in public appears certain to give 
*him a needed boost in prestige. His admin- 
” istration has been.criiiczzedror months for 
a foreign policy that has failed to have 
much iznp^ in ^sDchcrisisareas^ Bosnia,- 
Haiti. Rwanda and the Korean Peninsula. 

The meetings marie, die second, time 
since September that. Mr. Ctimbn has' 
brought Mr. Rabin here to make peace 
with an old adversary. 

In another cexembhy on the White 
House lawn, the Palestine Liberation Or- 
ganization chairman, Yasser Arafat, 
joined Mr. Rabin in witnessing- thie signa^ 
ture of an agreement givmg Palestinians 
limited self-rule in the Gaza Strip and 

See MIDEAST, Plage 5 

UN Sanctions 
Pushing Iraq 
To the Edge 

By Caiyie Murphy 

fffesftftigAjR Post Service 

BAGHDAD— In the lobby of the Sher- 
aton Ishtar Hotel, three docks marked as 
showing the time in Tokyo, London and 
Washington have stopped, the last one at 
precisely “0:00.” And under a sign readi n g 
‘‘Baghdad,” an outline of black dust is the 
$nly trace of the timepiece. 

These clocks are symbols of present-day 
Iraq — a land frozen in time. Saddled with 

start neturmug nome 

Cholera Epidemic Rages Unabated 
In Refugee Camps on Zaire Border 

Co mae Dsf Li/Rrsan 

A track in Goon, Zaire, carrying medical Replies that arrived too late for the Rwandan cholera victims along the road. 

Clinton Waited Too Long, Critics Say 

By Douglas Jehl 

Nev York Tunes Service 

WASHINGTON — The cycle of vio- 
lence that began , in Rwanda nearly four 
months ago has raised an agonizing ques- 
tion: Should the United States have acted 
sooner to try to reduce the death and 

From President Bill CEnton and his 
deputies, the answer is an emphatic no. 
Eveaas they began sending U.S. troops on 
a qnarter-biHion-doflar mission to cope 
with the consequences of tribal fighting. 

wrong to risk American lives to try to hair 
that fighting after it broke out in early 
April;.; :• • • 

•; But to others, the long weeks in which 

Mr. Cfintou and the rest of the world 
disclaimed responsibility for the unfolding 
horror now look like a missed opportunity. 

. If the United States or other countries 
had responded more aggressively to ap- 


peals for intervention by the secretary- 
general of the United Nations, Butros Bii- 
tros Gfaali, they argue, they might not need 
to cope now with what has become a mon- 
umental relief burden. " 

-r- Maybe -thtr^isOn: wilt 'finally be- 
learned," Lionel Rosenblatt, president of 
Refugees International, said in an inter- 
view Friday. “A stitch in time saves mil- 
. Hons of dollars and thousands of lives." 

At the United Nations, whose promised 
5,500-member peacekeeping force for 
Rwanda is still weeks away from taking up 
its positions, a Western diplomat said, 
"There is no question that we are going to 
have to spend 10 times as much money and 
10 times as much effort to deal with refu- 
gees in Rwanda than we would have if he 
had the political will to go in and quel! the 

U.S. officials, however, say the adminis- 
tration was determined to avoid becoming 
mired again in a mission like that in Soma- 
lia, - where an attempt -lu sav e Lives by 
intervening between warring factions 
proved disastrous. 

Instead, the administration made Rwan- 
See CLINTON, Page 5 

By Jonathan C. Randal 

Washington Post Service 

GOMA, Zaire — Three U.S. Air Force 
planes began air-dropping relief supplies 
Sunday for stricken Rwandans, more than 
a thousand of whom are dying of cholera 
daily, as Zaire reopened us border and 
thousands of Hutu refugees began walking 
back home. 

“We have already air-dropped 60.000 
pounds of supplies." said Commander 
Ron Morse, a spokesman for the U.S. 
Army's European Command in Stuttgart, 
Germany. That is about 27.000 kilograms. 
He called the mission a success. “It went 
where it was supposed to go,” he said. 

Witnesses said, however, that fewer than 
half the 24 planned bundles of food, sec- 
ond-hand clothing and blankets had actu- 
ally been dropped by the three C-130s. 
They said the nearest pallet of supplies had 
landed in a field 400 meters from the 
targeted airport at Katale. 

Critics also questioned the need for such 
an expensive, high-profile U.S. operation, 
since Katale. alone of Rwandan refugee 
camps in Zaire, is relatively well stocked 
with food thanks to the recent arrival of 
truck convoys. 

Alison Campbell of Care International, 
which handles food distribution in the 
camp, 60 kilomeLers (37 miles) north of 
Goma, asserted that the air drop was 3 
“waste of time and resources of busy peo- 
ple in an emergency." She said ihsi half a 
dozen trucks, which could have carried 40 
tons of food to the camp from Goma. had 
to be rushed up empty to await 20 ions of 
expected air-dropped' cargo. But less than 
half the projected tonnage was dropped, 
she said. 

Another relief specialist said that at best 
the air drops were of “limited use" and at 
worst “ridiculous.” 

But the United Nations was so delighted 
with any American participation in the 
Rwandan refugee crisis that a spokesman 
described it as an “important symbolic 

With French soldiers working 15 hours a 
day burying 2.000 bodies in the previous 
24 hours in Goma and its immediate envi- 

rons, the five-day-old cholera epidemic 
showed no signs of slowing. A spokesman 
for the UN High Commissioner for Refu- 
gees, Ray Wilkinson, spoke of a daily 
death toll of between 1,200 and 1.500. 

Collection of cholera victims* cadavers 
farther north along the refugees' line of 
march has become problematical, with all 
the attendant risk of spreading the epidem- 
ic inherent in leaving decomposing bodies 
unburied. Reporters said that Zairian sol- 
diers at one point had resorted to bran- 
dishing bodies at roadblocks as a means to 
either extort bribes from motorists or force 
them to transport the cadavers back to 
Goma for burial in ever-expanding mass 
graves near the airport. 

Moreover. Colonel Didier Bolleli. the 
French military spokesman, said a cholera 
epidemic might have broken out in the 
French humanitarian protection zone in 
southwestern Rwanda, where he also re- 
ported widespread looting, apparently the 
work of Hutu extremist militiamen. 

Dr. Philippe Douste-Blazy, France's 
health minister, returned from a visit to the 
refugee camps and warned that “after the 
genocide of Kalas hnik ov assault rifles and 
machetes, the Rwandan people must not 
fall victim to another genocide from hun- 
ger. thirst and cholera." He was referring 
to the extremist Hutu massacres, which 
since the April 6 death of President Juve- 
nal Habyarimana have taken an estimated 
half-million, predominantly Tutsi. lives. 

Meanwhile, Zaire’s decision to reopen 
the frontier with Rwanda at Goma was 
announced by Prime Minister Ken go Wa 
Dondo, who flew in from the capital in 
Kinshasa to announce that the refugees 
were free to go home if they wished. 

Even before Zairian troops began allow- 
ing several thousand Hutu to cross bade Rwanda offidally in the early after- 
noon, what only a week ago was a panicky 
exodus of more than a million refugees had 
begun to be reversed. 

At the insistence of the victorious, pre- 
dominantly Tutsi Rwanda Patriotic Front, 
foreign correspondents were driven 60 ki- 
lometers northeast of Gisenye. Goma’s sis- 

See RWANDA, Page 5 

Asia-Pacific Tries to Move Beyond Mistrust 

wrenching isolation imposed by united 
Nations sanctions, this Arab nation of 18 
million is withering. 

“Who says we are working to mgr 
snapped an office manager when asked 
how his family of five manage on a 
monthly salary equivalent to S7. “We are 
working only to me.” 

Mo hamme d Jawad, a hospital director 
in the Karbala region, said: *^v«Yday is 

worse than the day brfore. And today is 

better than tomorrow." - 

When the Gulf War ended more than 
three years ago, a UN report dcclaredthat 
Iran had been thrust into a “pre-indust ri al 


* stolen from Kuwait soon made that 


V appears*? be acconrphstag 
what the bombing did not. 


“ See IRAQ, Pages 

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France Sneqol 960 CFA 

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Greece „..i_ooo Din 

Italy Turkey ..T.L. 35.000' 

Ivory Coast .1.120 CF A sJODirh 


Yw»S«BT/A*enec Prioce-ftwc 

4TH TOUR FOR INDURAIN — Miguel Induram with the pack Sunday 
in Paris en route to Us fourth straight Tour de France trhmiph. Page 12. 


Sinn Fein Cool to Ulster Peace Plan 

Michael Richardson 

Jtuemauonal HeraU Tribune 

BANGKOK — When foreign ministers 
and senior officials from 18 .Asia-Pacific 
countries hold their first formal talks Mon- 
day on regional security, they will be aim- 
ing to end a Cold War "mind-set of secrecy 
and mistrust about each other’s military 
intentions that has turned East Asia into 
the world’s fastest growing arms market. 

“The idea is really to engage all the 
major security players in the region and get 
them working cooperatively together, rath- 
er than seeing their security lying in strate- 
gies of deterrence and arms buildups, the 
traditional way of looking at security.” 
said Gareth Evans, Australia's foreign 

The region should seek a security policy 
based on “engagement instead of contain- 
ment" and “friendship rather than the 
identification of enemies." said Abdullah 
Ahmad Badawi. Malaysia’s foreign minis- 

Participants in the Bangkok meeting are 
under no illusions about the difficulties 
they face in reducing tension and building 

Serious political and territorial conflicts 
persist in areas such as the Korean Penin- 
sula. Cambodia, the South China Sea and 
between Taiwan and China. 

However, officials say the fact that the 
18 nations agreed to meet at a high level to 


discuss problems is a signal of willingness 
to consider a multilateral approach to se- 

Senior U.S. officials said Sunday that 
the Clinton administration strongly sup- 
ported the Bangkok meeting, known as the 
ASEAN Regional Forum, and believed it 
would complement the deployment of U.S. 
forces and bilateral alliances in Asia to 
help maintain stability. 

ASEAN, the Association of South East 

Asian Nations, launched the forum with 
an informal dinner meeting in Singapore a 
year ago. ASEAN members are Indonesia, 
Malaysia, the Philippines, Singapore, 
Thailand and Brunei. Other countries in 
the forum are the United States, Russia, 
Japan, China, South Korea, Vietnam, Aus- 
tralia, New Zealand. Canada, Laos, Papua 
New Guinea and representatives of the 
European Union. 

In Bangkok, they will meet for three 
hours for formal discussions on an agenda 
that does not tie them down to any specific 
topics or action. 

A number of the forum members were 
Cold War adversaries and have bad little 
contact with each other in the past. 

“A comfortable relationship among par- 
ticipants, a relationship which encourages 
candor and understanding must come 
first before we take on more ambitious 
plans,” said S. Jayakuraar. Singapore's for- 

See ASEAN, Page 5 

U.S. Drug Inquiry Focuses on Top Haiti Officials 


Coming A 

He’s one of the hottest . V 
achievers on Wall Street today. Page 2. 

Gaiwwl Maw® 

Israefe are starting to challenge military 
censorship. Page 2. 

Book Review Page 3. 

LETTERKENNY, Ireland (Reuters) 
— Sinn Fein, the political wing of the 
Irish Republican Army, gave its first 
formal reply on Sunday to a key Britisb- 
Iriah peace plan for Northern Ireland, 
saying that it had “negative and contra- 
dictory elements." 

A Sinn Fein conference called to de- 
bate the peace initiative, begun in De- 
cember, approved resolutions that 
made no reference to any cease-fire. 

By Tim Weiner 

Aim- York Times Service 

WASHINGTON — Federal prosecu- 
tors in Miami are conducting a cocaine- 
trafficking investigation focused on lop 
Haitian military and intelligence officials, 
according to officials and lawyers familiar 
with the case. 

In addition, the investigators have been 
told by two former members of Colombian 
cocaine cartels that Lieutenant General 
Raoul C&dras, the senior Haitian military 
leader, was part of a group of Haitian 
officials who helped protect shipments of 
the cartels' cocaine through Haiti to the 

United States in the 1 980s, the lawyers and 
officials said. They said they did not know 
whether General C6dras had become a 
target of the investigation, that is, someone 
who is likely to be indicted, or was merely a 
subject of ihe investigation. 

In either case, the knowledge that the 
Haitian leader’s past has become part of a 
federal cocaine investigation further com- 
plicates the Clinton administration’s ef- 
forts to remove him from power. 

Possible involvement by the Haitian 
military in drug trafficking has been cited 
by U.S. officials as a potential justification 

for an invasion. A drug-trafficking indict- 
ment against the Haitian leaders might be 
seen as a prelude to what one foreign- 
policy official called “a Noriega take- 
down,” an invasion justified in part by an 
indictment, as was the case when the Unit- 
ed States invaded Panama and seized its 
leader. General Manuel Noriega, in 1989. 

Congressional staff members familiar 
with the Haiti debate inside the adminis- 
tration said they found the scenario unlike- 
ly. But they said an indictment might help ■ 
persuade members of the Haitian junta to 
find refuge in another country, far from 
the long arm of U.S. law. 

Underground in New York, a Chinese Violinist Plays Out His Dreams 

By Douglas Martin 

Yak Tima Service 

NEW YORK — Chen Chong was a leading violinist 
in a major symphony orchestra in his native China. 
Now he plays in the subways of New York City. 

The Cultural Revolution under Mao Zedong swept 
away every expectation to which , he dung. But his 
devotion to making beautiful music carried him 
through persecution, delivered him to America and 
has blossomed nearly two decades later into such a 
striking, unanticipated flower that beggars empty 
their tattered cups into bis violin casei 

From doctors and scientists to musicians, immi- 
grants tike Mr. Chen who were professionals in their 
homelands have long found their way to America, 
where they accept lower status as a down payment on 
their dreams. “I -have hope,” be said. “Whatever you 
want to do, you can do here." 

The program varies. The other night, Mr. Chen and 
one of his partners, an accordion player named Joe 
Rodonich, played a whirling repertory ranging from 
the Spanish song “Cietito Undo'* to Brahms’s Hun- 
garian Dance No. 5 at the 59th Street and Lexington 
Avenue subway station. 

Other times, the 41-year-old violinist, slender as a 
reed and in absolute control, plays with a guitarist, 
another violinist or by himself. Bills and coins fall into 
his case like steady rain. 

“The violin is a veiy delicate instrument," said April 
Heatiunan, a waitress who gave a dollar. “When it’s 
done correctly, it’s wonderful." 

Mr. Chen wod his eminence in New York in a 
cla t t e ry but competitive arena. “He is No. 1 in the 
New_ York subway." said Zhuangfcu Shi, another 
immig rant from China who plays the subterranean 
keyboard here and there: 

“He’s a wonderful violinist,” agreed Barbara Kra- 
kauer, who taught him for four years at the Mamies 
College of Music in Manhattan. “He appeals not only 
to people’s heads, but to their hearts. He is unbeliev- 

This fall Mr. Chen is to visit C hina for the first time 
since be left six years ago. When he returns lo New 
York, he says, he will look for his first legal American 
job, having received a green card in June. 

Mrs. Krakauer says Mr. Chen, who was a violinist 
in the Tianjin Symphony, is good enough for the New 
York Philharmonic, but jobs are few. She predicts he 
wfli find plenty of work in orchestras, quartets and the 
like, as well as in teaching. 

His subway success can be measured by the fact 
that more than once beggars have come up and emp- 
tied (heir torn coffee cups of change into his case. He 
reciprocates by grabbing a handful of bills and refill- 
ing the cups. 

Mr. Chen’s father was also a lead violinist for the 
Tianjin Symphony, and his mother was a ballet danc- 
er. His early years were spent in a large house with 
servants. There were records and much music. His 
father was his teacher. 

In 1966, the Cultural Revolution upended the fam- 
ily’s bourgeois existence. Western music was forbid- 
den, and the Chens' precious record collection was 
smashed by Red Guards, he said. His father was put 
to work in a factory. 

Mr. Chen’s first years in the United States were 
difficult. He lived in a basement and worked long 
hours in a laundry. 

Then he noticed some musicians in the subway. 
Why not? “I was so scared," Mr. Chen said. “I 
hesitated almost an hour. Then I counted to 100. Then 
1 counted to 50. Then 1 finally opened the case.” 


Page 16 




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Page 2 


Israelis Challeng 

By David Hoffman 

Washington Post Service 

JERUSALEM — At a remote military site m 
the Israeli desert, a missile wasfM^den^y 
on Nov 5 1992, dining a top-secret final re- 
heaSTby ’one of fiS elite commando units 
for a possible attack on an AnhUader- 
Frvrlsraeli soldiers were 
known as TselinL The army chief ofstaff, Deu 
tenant General Hhud Barak, appeared «» ttten 
Shat night Looking shaken, he 
“serious accident” and said it had been caused 
by a “security mistake." 

What Israelis did not learn until later was that 
General Barak himself, as well as several other 
hSCfc chief of military intefli- 

gP Tte ^(«Se P Jsrajelis did not know is that the 
military censor blocked the information. 

The incident offered a glimpse into a SU'D*** 
that is rarely talked about in public m 
which affects the country almost everyday. Vir- 
tually all the newspapers, magazines, books and 
schoiirly journals as well as radro, television and 
dispatches for overseas publications are subject 
to censorship by the mil it ar y. 

The continued censorship is at 
Unger debate just beginning about 
fsrae! in an era of peace. Some academics ana 
newspaper editors are questioning, tentatively. 
whSerlsrael still needs a military censorif it is 
no taSftat state of war with its neighbors 
More broadly, critics see the censor as a rehc 
of a time when Israel was a besieged jjamson 

state. They wondCT whether 
of being the only democracy m the Middle itast, 
shoSdtolerate a symbol of authoritarianism n 
longer routine even in Russia. 

Moreover, technology is making wmsoratop 
more difficult In the last three yrars, tnoreth^ 
£df of Israel's households have been w«df 
cable television. The censor has no way to block 
reports about Israel from overse^mdudins 
tS«e from the United States, Britain, E©PJ» 
MSwSVn, France, Russia, Gennany>r- 
key and Jordan. 

Yet the chief military censor, =r Gen“- 

. , t. oi : aKruit to lose his 10D. It IS 


^orn mirtca|Kl;q -f|ai;^ 
e -misquoted earner; «-not real 

estaDlisnincni remain* m ^ — — jy —z 

demonstrations about war and peace but hardly 

a word about the censo r- 

“Those who fight for freedom of the press are 
editors, and notthe public," said Hannoch Max- 
moi editor of Israel’s respected daflypap* 
Ha’aretz. “The pubhc says, ‘Don t tell iuse<OTts. 
Security is not a sacred cow — it is sacred. 

Mart of the major nev^apers in 
orate with the censor under an arrangement that 
dates back to Israel's early years. Tbe cwnL^s 
founders, wanting to avoid a struggle between 
sccularand rdi&ous visions of the new state, 
decided not to write a constitution setting out 

k a tostead, they adopted laws from the British 
mandate in Palestine larady 
were the press laws, which gave them broaa 
powers to dose down any newspape^ 

Subsequently, the early Israeli newspaper «n 
tors struck a bargain with the military m the 
1 950s. They agreedro submit articles for approv- 
al on topics required by the censor, and ith^ 
agreed not to challenge the censor m court. 
Although the powers of the censor have been 
narrow*! over the years, the basic terms of the 

dcsl remain. , 

"The Israeli media as a whole does not have a 

real notion of freedom of tbe press and 
real role should be," said Mwhc Negbi, a tag- 
time critic of censorship who * !f®?. SE 
commentator for the newspaper Ma anv- . "liiey 
don't understand that this is thorjobm a demo^ 
racy-to fight the govermiKnt, not help the 

8 °^^ancnt with the military was motiifiwl 
in 1989 by a Supreme Court deosofl bokung 
that the censor can ddeteinform^ion only wheat 
there is a “near certainty of damage to tne 
security of the state.” 

General Stani-T^K) has beoadrid censor for 
17 years, said his approach, is based on tne 
premise that "almost everything can)* Pub- 
lished." His staff of 40 woric rouncWte^dock 
shifts and namtan a computerized archive oi 
material that has been censored. • 

All details about Israel’s vast defense inAi^y, 

as wdl as the Mossad spy agency andte ®ni 
Bet rntemal security service, are subject to cen- 
soishux. # 

Everything about Israel's midear prog™ J* 
coveted, as are purchases of fnd abroad mid tn 
^ i^ TcndiwirLe Censor- 

22Neo~NasAs Vandalise 

BuehemoM Memorial 

T^eAiioddttdPreST . 

BERLIN — A gang of 22 
young neo-Nazis went ai^ 
rampage at the nwmooal to tofi 
Buchenwirid epneratramm 
camp in Eastern Germany, 

hate slogans, the pohee sam 
Sunday. . ^ ^ 

Officials bave.s^dthmsera- 
rity was strengthened e«W tins 
ySr following isoUt^ ro- 
mances in wtaidi neo^Nans m- 

sulted-Istwfi v * st£ ”5J2^f 

-hnMHe overlocddng Wet- 

movement of ou union u-jsnw ». ------ 

ship also covers information on secunty matters 
j: a* — .. .M ill «• Par liawiHlt fflCCtUlgS- 

mfles) southwest of Berim, »a 
national memorial tothe56,0W 
who died there between 1937 
and 1945; The Naas held 
238,000 PCOP 1 ® 
nationalities, including Jews, 
Gypsies, Soviet pmqnep of 
warand Gennan poBtmal pns- 
osera. . , : »• 

The memorial; conastmg or 
the few buildings, remammg 

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it cm inmates’ labor in stone 
<rf thei youths 

cncd to set on fire a wmnan^ wnq 
works at the menawa*. (hepo- 

• hce saio. j w yi yrr-zzL . — ~ ■ 
were arrested later m Wennar. 
and the«vestigatkm was con* 


jf the Warring Tribes 

By Lawrence Malkin 

International Herald Tribune 

NEW YORK — These are ■ 
dog days on Wall Street, but 
Christopher J. Williams feels 
he is doing nicely in deriva- 
tives, thank you. Twenty years 
agp he wouldn’t even have 
b«n there. Not because there 
was no derivatives market 
then, but because he is black. 

Mr. Williams gave up a Leh- 
man Brothers vice presidency 
that paid more than $1 million 
a year in 1991 to strike out on 

UpajwTT^T j 

Comingw^-iA | 

An occasional series V 
about the leaders 
o f tomorrow. 

his own, forming Williams Fi- 
nancial Markets two years ago 
with finan cial backing from 
Jeffries & Co., a Los Angeles 
investment bank. 

Now 36, he is doing business 
with such corporal giants as 
GE Capital Pepsioo and Col- 
gate-Palmolive; he has begun 
to surpass his former income 
level although he is plowing 
most of his profits back mto 
his firm. As his own boss, he 
said, “I sleep better at night, 
but for a shorter period of 

Mr. Williams capitalized on 
the network of personal con- 
tacts that he had built up 
among Fortune 500 companies 
while organizing a derivatives 
group for L ehman and run- 
ning it for four years. He took 
with him his Rolodex of the 
names of corporate treasurers 
and some valued members of 
his imi"- lehman says they 
are welcome bade any time. 

Trading is the secret of so- 
dal change on Wall Street, just 
as it is in the City of London. 
In global markets, the question 
of the day is not so much who 
you cfl n trust as what’s the best 
price you can geL 
Wall Street’s waning tribes 
have always gathered in securi- 
ties houses that were white and 
widely known as predomi- 
nantly Protestant (Morgan 
Stanley), Jewish (Goldman, 

not even know he is black; 
others simply want the best 
price. - 

Colgate-Palmolive’s pen- 
sion managers use Mr. wiir 
liams’s firm in one of. its otter 
functions, trading large blocks 
of stock for low commissions. . 
Brian Heidtke, Ccflgatefs trea- 
surer, plans to raise $100 mil- 
lion and is circulating ^offers • 
»mnng firms to find the lowest 

interest rate at the best matun- 

■“Wffliams is the only Wade 
firm on the list," szud hfc 
Heidtke, “and if be^eti _thc 
business, it won't be an affir- 
mative action nod. Tm trying’ , 

to thmk of the last time anyone 

showed up who is as entrepre- 
neurial as he is. He’s aggres- 
sive, energetic and nnagm a- 
twe. What well do is give faun - . 
a chance to pitch a deal The 
rest is up to him.” __ 

And that, said Mr. WS- 
liams, “is all Pm asking for. I 

thinkl went into this as afunc- 

tion of personality. I needed 
instant gratification. Working 
) on* deal for six months is not 
as much fun as working on it 
for four hours and gating lt 
•done or not You wut or lose 


Artillery Battles Rage Across Bosnia 
& F< r«rtcMAr Sftdw’ Reilly 

AS D muons VAinniu^ ^ 

The United northeastern 


Bcrbtott*dd town c2 of ffihac, where . 

in a week dmmig which the five^iation; 
save a dear “yes” to the proposaL 

B 1 M I.T Ml AFAVMP A w " - . . -JL ■«- - j • 

uAomw fljvri - iv Latvian Pariiamoat has amended a 

na jpaimti until wdl mto the next century. 

Christopher J. WOfiams working fee phone In the New York offices of 

Sachs) or Roman Catholic 
(Merrill Lynch), each with its 
own camaraderie and special 

A generation ago. New 
York’s Irish and German im- 
migrants handled the paper- 
work; now blacks and Hispan- 
ics people the backshops. 
Chinese Ph-D.’s run the com- 
puters but complain that they 
rarely are allowed to deal with 

There now are 80 black- 
owned U.S. investment firms 
out of about 5,300 broker- 
dealers nationwide, acoordmg 
to Creative Investment Re- 
search of Washington, which 
follows minority finance. Most 
have their roots in federal and 
corporate programs that steer 
honsing and government- 
bonds to black firms, or m 
underwriting municipal bonds 
for big-city administrations 

with black mayors — which is 
where Mr. Williams began his 
Wall Street career in 1982. 

Mr. Williams's firm is oneof 

the very few run by blacks that 

deals m high-level corporate 
finance. In contrast to the ma- 
jor securities firms and banks, 
which hold bonds, foreign cur- 
rencies and financial instru- 
ments that they can quickly 
meld into a derivative to pro- 
tect a client from volatile mar- 
kets, Williams Capital has no 
inventory and lives by its wits. 
This proved a blessing dunng 
this year’s interest rate ©ra- 
tions and saved his small firm 
from the losses suffered by the 
Wall Street giants on their bu- 
lion-dollar portfolios. 

When Mr. Williams comes 
to work early each day at Ins 
cramped four-room suite of 
Fifth Avenue offices, he and 
his 12 -member staff of trading 

experts and computer whizzes 
— whose origins range from 
Brooklyn to China — are al- 
ready 1 devising the day’s trad-i 
ing strategies: if ' ’ 

“I may think that the dollar 
is going to strengthen against 
the mark, or that Japanese 

rates may decline more qmckly 
than Swedish rates, and ill 
propose a strategy based on 
that to investors, he saia. 
“Mostly they are pension 
funds and companies looking 
for the best returns for their 

money." • „ 

“We’re in the middle, he 
said. “We get on the phone 
and try to match both sides. 
We are packagers of money. 
We don’t own our own swap 
book like the big firms, which 
everyone thought you needed 
when I started. We get otiier 
people to hedge — say, a for- 
eign bank in New York with 

Capitol Corp: 

francs to tend that will give us 
a good price because we came 

to them with the deaL” 

‘‘‘We of$en compete 
head with the Wig Anns,: and 
although there’s no way to 
document this, the vast mqor- 
ity of times, we win," he said. 
“We don’t have a big research 
division, a big inventory, and a 
big overhead, so we can pnee 
more cheaply." . „ , 

“But it’s not afl pnoe, be 
said. “We come up with ideas, 
and we can sit in front of the 
computer pricing the transac- 
tion to the minute and explain- 
ing it over the phone to the . 
ctent. The generalist salesman 
for the big firm usually can t 
do that.” 

Most of this business is dime 
on fee phone and not at the 
dub, nuking it easier, for a 
blade to get into it 'Mr. Wil- 
liams thinks somedicnls may 

Bat there is one more reason 
why he struck out on his own. 
and it is explained byan md 


DiauL aim — ■ 

Williams a decade apt Now a 
bond^^Mg gig 

“There are tremendously 
competent people on Wall 
Street and in American busi- 
ness, but you don’t need a 
pocket calculator to tell you 
feat if you are black, some . 

things are not going to happen 

in a traditional conventional 
corporate setting — and Wall 

Street is very conventional 
“There is an undeniable 
ceiling feat yon face,” Mr. Cof 
said. ^So do yon stay under 
that ©riling, where you are m 

fact very wdl paid? Or do yon. 

decide to jump out of the boat, 
not knowing what kind of 
sharks there are out there, and 
see how far you can go?” - . 

CJuis Williams is trying to 
see how far he can go. • 

MashoodKJO. Abiqta^appaient winner,^ 
of the presidential ejection test ypac, was freed., . 

^ *' * W r ^ Tm if ' 

lUUUUimiuj Ij - . . . - ' , 

militants killed atleast 40.MhriHB|S at a rehef qnnp to feqr. 

Assam capital that troops were {“ft-*? 11 

wbere ^aweek of ethnic vidtence h^ldt more than 60 dead, 

indufeng the victims of Sunday^ attadt . : 

Spain’^ Tuna Rtiierinen Vow Action 

flA^mAYTnrD — Snanish fishexmen involved 


What matters are the cultural ties among all the 
people of the Gulf-all Moslems who believe in God-fee 

compassionate, the merciful It does not matter who owns 
which piece of territory or which islands-Moslems are all 
one people-not only around fee Gulf, but also throughou 
fee Middle East and all over fee world. 

Let us unite, both in words and deeds. Let us 
leave all hatred and discord aside. Let us think of our 
common future, provide a better and happier life for ah- 
Let us be mindful feat our greatest material wealth is our 
oti, and remember and faithfully heed fee advice of fee 
late Shah of Iran who warned decades ago feat °j| cou J 
be put to much better use than burning it-wastmg it 

56111118 ^Letms, on this anniversary of the Shah's passing, 
heed his advice for fee sake of all of us and for future 
generations. May God be wife us. 

July, 1994 
Vancouver, BC 

Hossein Daneshvar Tehran! 
Civil Adjutant to the late 
Shah of Iran 

Saudi Says Riyadh Ai 

Reuters tha t his country helped pay for 

LONDON — A former Sau- Saddam Hussein’s nuclear pro- 
di Arabian diplomat has told gram in Iraq as part of a secret 
The Sunday Times of London 20 -year campaign by Riyaon to 

— ■ — acquire its own nuclear weap- 

• ons. . 

a The newspaper cameo a 

lengthy report under a front- 
page banner headline: “Brit- 
os Gulf War Ally Helped 
* fttt* Sa ddam Build Nuclear Bomb. 

HOTEL METROPOLE A spokesman for the Saudi 

r-FMFYF Arabian Embassy in London 

VjLine.\ c. ^ he could not comment on 

Since 1854 


The only Grand Hotel bachrqr's • master's • doctorate 

located in the heart of Rrm^UbantiAadBnieBpadm 

Geneva’s business Ttrx&Cenw&tHomesuty 

and shopping center. 

Air conditioned **“ C5iQ)47«456 

ffplSl FtK or send deeded rasune tar 
34 , qua) G*wrcjW 3 utai ^§§ 5 ? ffBEynuiAi mi 

Tei^i-^ f Si C i3 44 Pacific Western University 

Teteoc ^550 - Fax: 311 13 50 2075 S. King arest HcnohAi, HI 9 GB 26 

the matter, and ffiritife Foreign. 
Office officials said they were 
not aware of the report 
The paper said Mohammed 

T Hiflgw i second in command at 

the Saudi missiem to the Umt«I 
Nations in New York until he 
defected in May and sought po- 
litical asylum in the Umted 
States, had shown it some of fee 
13,000 official Saudi documents 
he’ took with him when he Irft 
One of them, fee paper said, 
was a transcript of a secret de- 
-[ sot m***frig ne attended be- 
tween Sandi and Iraqi mffitarv 

teams in 1989, a year before 
Iraq’s invasion, of Kuwait . 
which led to the Gulf War. 

At the meeting, the Saudis 
pledged funding for Presiden t 
Saddam’s nuclear program and 
banded over specialized equip- 
ment that Iraq could obtain no- 
where else, the paper said. 

The Sunday Times said fee 
documents showed the Saudi 
rulers had given Mr. Saddam up 
to $5 billion for the nuclear pro- 
gram. In return, fee Iraqis were 
to feme fee technology they ac- 
quired wife Riyadh. 

gr A^?l^ n £fK^^rteeting in fee nOTfeein port of San tan- 
agreed that they would 

“several commercial ports of natio nal i mp ortance^ starting Ttus-. 

if, their demands were not met. The fishermen are ' 

the use of drift-nets by Erench fishermen feat, fee Spaniard^, 
charge are longer than fee 25-kflameter(l .5-imte>hmfr imposed ; 
by Eorcpean Union r^ulations. ..... */. 

Pand Blames Italian Crash on Bomb : 

ROME (AFF) — The June 1980 crafe of an Italian DG-9: 
carrying ai people near Sicgy was caused bv a bomb, according to . 
fee seventh earnest inquiry into the. incident. AB aboard died 
to this latest inquiry, b^un in Septraaber 1990, 12 international- 
experts anahraed the inddent They concluded in a 1^0O-page : 

■ report to a Roman judge, Rosario friwe, that a bomb left in the, 
pfane’s toilets was the probable cause erf fee explosion. Traces <rf 
TNT were found on luggage. -- . - 


jua ask tire busier... ^ 

Tel> MI-22] 311 13 44 

Teteoc 4M5S0- Foe 311 1350 

WHr* itevUr >• —•* »****«- 

h, m nno»» « m«m 

PARIS (AP) — Travelers .faced long ddays getting ho®®;.: 
Sunday, stranded by an air traffic controllers’ strike in Are-e^; " 
Provence, southeastern France, that was fdt around Europe and,. -. 
North Africa. ‘ 

Thp. three-day s trike was scheduled to end Late Sunday, bm not 
before disnxpting iiush by-tomaststrying to return home in tune, • . = 
fOT work Monday. . - t *>' 

About 5,000 hectares (12^00 teres) of woodand hflye.B«oi*’; v 
destroyed by fires in Croatia’s Istrian peninsula, an uxqiortaBC ; 
tourist destixfatidn, Croatimiafeo rcpcBrtcd Sunday. . (Rettfers/. . , 

— - - - - ■* -*■ - that HmuDv rtnilM ft t RlAlinS* 

Baugbuteshi Mifeoritiesfear that morc^ — — 
and supcar-rcsistant mosquitoes are sp reading -throughout tte 
country, with new figures made public Sunday showing 11 
deaths caused by .the disease. . .. 

1 he prograr 
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By David Von Drehlc 

T#V1 , 4 ,„ Aar Sente 

t>r^^S LES r Rt J»Wi<an Irates are 
“* ttggest midterm viaory 

V ^ BSBD * 

to-JJj? “ b«| ■ enwonmeot I’ve seen for 

Republicans smce I became munhwi 


r/> X / gc ££ ?* ?vrv r^s: rz^ ^ .57 r**-£> ..-1-: •- * • r - * ■.-: 

LAa / If II ^ l jgygy^_| yr ?. ;.. ;; 

publicans Predict Victory in November 

Page 3' __ 

i VTTrv"* “Mnxnaa ol ttie Republican 
NatitMglComxmttee, at its meeting thus week- 
J™r Every development this year has hdped 

^I^moCTats admo^ed^ that they wffliosc 
seats m the Honsc and Senate this year, but 
nothing on the scale envisioned by their carter 
opponents. J 

1 ' The Senate minority leader. Bob Dole of Kan- 
sas,, urged the Republican National Committee 
to keep the number 47 in min d as they look 
toward November: A gain of 40 seats in the 
House would make Representative Newt Ging- 
rich, Republican of Georgia, the likely speaker of 
the House. Seven new Republicans in the Senate 
would return Mr. Dole to the post of Senate 
majority leader. 

' Republicans see' the usual November pattern 
bang magnified this year in part because every- 
thing has been going their way at the polls since 
1992. ' They are riding high, having won two 
special elections in the House and two in Lhe 
Senate, phis governor's races in New Jersey and 
Virginia and mayoral elections in New York and 

Los Angeles — all since President Bill Clinton 
took office in January 1993. 

Governor William F. Weld of Massachusetts 
predicted at the National Committee meeting 
here that his feBow Republicans would sit in at 
least 25 governor’s mansions after November, 
including California, Florida. Texas and New 
York. Of those states, only California now has a 
Republican governor. 

Citing a recent survey be had commissioned 
showing Republican challenger Mitt Romney 
within 3 percentage points of Senator Edward M. 
Kennedy, Democrat of Massachusetts. Mr. Weld 
envisioned a Republican majority in the Senate. 

Mr. Barbour said that winning the Senate 
remains “an uphill battle** for the Republicans. 


White House Discipline Under Parana? 

WASHINGTON — First there was Betsey Wright, then, 
briefly, Mickey Kantor, then James Carville. Now h ts Leon E. 
Panetta's turn as chief of staff to impose order and discipline 
on a leader who, for most of his public Kfe, has resisted both. 

In two decades of holding public office. Bill Clinton has 
"tcruated between two very different styles of management 

His preferred style — the one nOw all too familiar to 
Americans from his first 18 months in the Oval Office — is 
loose and unstructured to the verge of chaos. The other, to 
which he periodically has agreed to submit himself, is more 
tightly controlled, disciplined and restrictive. 

The question facing Mr. Panetta, who officially took over 
last week as chief of staff, is whether the president’s current 
troubles are deep enough to enforce some wisdom. (LA T) 




WASHINGTON — While the Democratic leaders in Con- 
gress are struggling to write health legislation that follows 
President Clinton’s principles. Newt Gingrich, the Republican 
whip, has united his party in the. House of Representatives 
against such a bill and hopes to use the issue as a springboard 
to win Republican control of the House. 

This would not be a modest accomplishment. Republicans 
now have 78 fewer seats than Democrats and have been a 
minority in the House for some four decades. 

In an interview in his office last week, Mr. Gingrich, in his 
rat-a-tat style, offered this capsule description of the state of 
American politics: 

“We were faced with a system that was corrupt. The system 
refused to respond to the country as it changed. We adopted a 
series of positions that were very popular in the country — a 
balanced-budget amendment, a line-item veto, no tax in- 
creases — and the corrupt Democratic machine that should 
have responded remained rigid and stuck in place.” (NYT) 

Lagan ■Substairtfal Doubts’ About Breyer 

WASHINGTON — Senator Richard G. Lugar, Republi- 
can of Indiana, said he would oppose the nomination of Judge 
Stephen -G. Breyer to the Supreme Court, arguing that the 
judge’s investment in Lloyd’s of London raised “substantial 
doubts” about his ‘‘prudence and good judgment.” 

Mr. Lugar is the nrst senator to oppose Judge Breyer, who 
received a unanimous 18 in the confirmation vote Tuesday by 
the Senate Judiciary Committee. ( WP) 

ii i'.iii r. ;r.~ ' - ri r irjii ■ |ini ii i- ji m' ji LJ f '' • _• ; 

Quoto/Unquoto - ; 

Bill Clinton, attending his 30th high school reunion in Hot 
Springs, Arkansas, was asked what he was like back then: “A 
lot of people probably would have said I was a nerd.” (AP) 

Strte IJte'RtuKr. 

MEMORIES — President Bill Cfinton facing a phalanx of microphones while 
attending a weekend reunion in Hot Springs, Arkansas, of his 1964 high school class. 

But he said he was confident that dozens of new 
Republicans would jesn the two houses of Con- 
gress. and when the votes of conservative Demo- 
crats are added, “it is reasonable to think we will 
be able to put together a working majority on a 
lot of issues.” 

The party's biggest problem, several speakers 
comended/is simply finding enough money to 
support all the races that Republicans have a 
chance to win. 

Despite the hymns of unity, however, some 
moderates fear the Republicans may be split 
soon by the rising influence of religious conser- 
vatives . Speaker after speaker neatly dodged the 
issue of abortion, which prompted bitter com- 
plaints about the party's 1992 platform. 

vancea man n 

A Top Aide 

JU live arm of Cc 

1* ■ SDI officials • 

Contradicts aauTi 

launched to ir 

KAilfcon missile. Bombs 

UCIiliSCll targets so tha 

would appear t 

i~\ T • according to th 

Un mquirv *n* original 

M. J was abandoned 
_ _ , _ , port said Instei 

By Stephen Labaton o^ee tests fai 

.Vn* York Tuna Sarux even a near Uli 

WASHINGTON — Contra- other measures 
dieting public statements by port characters 
Treasury Secretary Lloyd Bent- ments." These 
sen. the department's top law- 
yer has told Congress that she and Qnaj ^t w 
briefed Mr. Bentsen about dis- gut the repo 
missions between White House tra dieted aocus 
and Treasury officials involving A ugu , 

their investigation of the men w jj 0 work 
Whitewater case, according to program and s 
people involved in the inquiry, ported by TI 
Mr. Bentsen has insisted Times, that offi 
since early March that he never [_h e fourth test 
took pan in or knew of any of pan of the dece 
the discussions between Trea- Xhc General 
sury and White House officials flee found no < 
that deeply embarrassed the ad- beacon on boar* 
minis tration when they were sxle had sent i 
disclosed five months ago. interceptor miss 
But secret testimony recently feet. “Come an 
given to congressional investi- former missile-d 
gators by Jean E Hanson, the official told T 
Treasury’s general counsel, year 
shows that she clearly recalls Inslea(Llhen 
briefing Mr. Bentsen and the ^ __ 

deputy Treasury secretary. 

Roger C. Altman, in early Feb- 
mary aboul the White House “ 
meetings. JJJ” . 

Investigators have obtained a senes o. 

SepL 30 memorandum from question, knowr 
Ms. Hanson to Mr. Altman in P^y Expem 
which she said she had briefed “ ^83 and 198- 
both the Treasury secretary and l ^ r “ tes “ 
top White House officials. A the fourth and fi 
senior Bentsen aide said the sec- conu 

retary did not recall discussing for 5>L)I - 
the meetings with Ms. Hanson. The report sa 
Ms. Hanson’s memo and tes- ments that off 
timony are part of the docu- double the ch 
mentation on the Whitewater fourth test wou 
case that win be considered this secretive, but m 
week at politically charged Senator Davi 
House and Senate hearings. Arkansas Deni 

U.S. Office Reveals 
4 Star Wars 9 Deceit 
Directed at Soviets 

,V» York Twa Server 

investigators have concluded 
that Reagan administration of- 
ficials conducted a deception 
program as part of a plan to 
make the Soviet Union think 
that the Strategic Defense Ini- 
tiative, popularly known as 
“star wars,” was far more ad- 
vanced than it was. 

A report by the General Ac- 
counting Office, the investiga- 
tive arm of Congress, said the 
SDI officials secretly planned 
to rig a series of four tests of 
whether a missile could be 
launched to intercept another 
missile. Bombs were pul on the 
targets so that a near miss 
would appear to be a direct hit, 
according to the report. 

The original deception plan 
was abandoned in 19S4. the re- 
port said Instead, after the first 
three tests failed to produce 
even a near miss, officials look 
other measures, which the re- 
port characterized as “enhance- 
ments." These measures dou- 
bled the odds that the fourth 
and final test would succeed. 

But the report directly con- 
tradicted accusations to Con- 
gress last August, made bv four 
men who worked for the SDI 
program and subsequently re- 
ported by The New York 
Times, that officials had rigged 
the fourth test in the series as 
part of the deception program. 

The General Accounting Of- 
fice found no evidence that a 
beacon on board the target mis- 
sile had sent a signal to the 
interceptor missile saying in ef- 
fect, “Come and get me,” as a 
former missile-defense program 
official told The Times last 

Instead, the report found that 
the beacon on the target missile 
had been linked only to radar 
on the ground that was tracking 
its flight. 

The series of four tests in 
question, known as the Homing 
Overlay Experiment, took place 
in 1 983 and 1984. After the first 
three tests failed, the success of 
the fourth and final test became 
crucial to continued financing 
for SDI. 

The report said the enhance- 
ments that officials added to 
double the chance that the 
fourth test would succeed were 
secretive, but not deceptive. 

Senator David H. Pryor, an 
Arkansas Democrat who re- 

quested the General Account- 
ing Office investigation after 
his staff heard the original accu- 
sations last year, said he re- 
mained convinced that the en- 
hancements made to the fourth 
and final test were part of a 
pattern of deception. 

“Whether you call it test-rig- 
ging or mere enhancement,” be 
said, “it is an outrage that Con- 
gress did not find out about it 
until 10 years had passed and 
$35 billion was spent.” 

Although the deception pro- 
gram had been abandoned and, 
in the opinion of the investiga- 
tors, no deceptive measure re- 
mained, vestiges remained 
A bomb was on board the 
target missile in the fourth test, 
though mOitary officials told 
the investigators that it was not 
wired to go off on command 
“The deception program was 
started in hopes of affecting So- 
viet perceptions of U.S. ballistic 
missile defense capabilities," 
the report said. Other aims were 
to influence arms control nego- 
tiations and Soviet spending on 
military countermeasures, ac- 
cording to the report. 

While senior military offi- 
cials thought “it might become 
necessary to inform selected 
members of Congress of aspects 
of Lhe plan," the report said 
“Congress was not informed" 
In the Homing Overlay Ex- 
periment, missile-defense offi- 
cials planned “to implement a 
deceptive explosion," the report 

“The plan was to set off an 
explosion if the interceptor flew 
by without hitting Lhe target, 
which was to fool Soviet sensors 
expected to monitor the test. 
The target’s explosion was to 
simulate the effect of a strike by 
the interceptor” 

That plan to blow up the tar- 
get missile was abandoned, the 
report said after the first two 
Homing Overlay flights missed 
by too wide a margin to fool 

In 1984, after the third Hom- 
ing Overlay Experiment test 
failed, steps were taken to make 
it easier for the interceptor's 
sensor to find the target in the 
fourth and final test, the report 
said. Together these measures 
made the target missile appear 
2.1 times its normal size to the 
sensors aboard the interceptor, 
the report found 


For Simpson Trial Judge, Caution Rules 

By Seth Mydans 

New York Tbna Service 

Lance lux soon to become the- 
most closely watched judge in 
the United States as he presides 
over the O. J. Simpson trial, has 
two m *rin standards for han- 
dling high-profile cases. 

“Rule 1: Be cahtious, careful 
and when in doubt, keep your 
mouth shut,** he says. “Rule 2 : 
When temypted to say some- 
thing, take a deep breath and 
refer to Rule 1.** 

These pre cau tions, part of a 
course he teaches for judges 

MAN’S TUNE: A life of 
Scott Joplin 

By Susan Curtis. 271 pages. 
$26.95. University of Missouri 

By Jonathan Yardley 

S COTT JOPLIN is one of 
the most enigmatic and in- 
teresting figures in the history 
of American culture — enig- 
matic not merely because we 
know so Kttle about him Inn 
aign b ec ause Ms music is so dif- 
ficult to categorize, interesting 
because of his music's striking 
originality and its irresistible 
charm. A Mack man in a white 
world, Joplin unsur prisin gly 
had trouble finding a comfort- 
able place there, yet exenased 
incalculable influence tipon' n 
and played a major role m the 
development of a genuinely 
Ame rican culture. 

Susan Curtis, the latest of ■ 
Joplin's several biographers, 
has no more success tba **“ y t ^ 

!Xwn1Ws andpieces tfgas fife 
Into a coherent whole. Thus her 
narrative is riddled 

narrative is 

fying words and phrases, “per- 
haps" “may or may not. ,A 


called “Media and the Courts 
— -Handling the High-Profile 
Case,” were -quoted in a recent 
interview in which he told The 
Daily Journal, a local legaljonr- 
nal, that a judge “would have to 
be crazy” to want to try the 
Simpson case. 

Mr. Ito, the assistant presid- 
ing judge of the Los Angeles 
Superior Court, was named by 
his superior, Judge Cecfl Mills, 
to handle what has already bo- 
come one of the most intensely 
covered and thoroughly sec- 
ond-guessed tdeviscdlegal pro- 
ceedings in history. 

“I think you wendd have to be 
crazy to want that -case,” the 

judge, 43, said in an interview. 
“Being the trial judge is the 
worst position in a major high- 
profile case; You can’t call a 
press conference to explain 
your side of things.” 

The selection of Mr. Ito, a 
former prosecutor, drew praise 
from defense lawyers, who 
called h im in tellig ent, hard- 
working and balanced, with a 
dry sense of humor that he uses 
to defuse courtroom tensions. 

“He is very sensitive to the 
needs of trial lawyers and al- 
lows them to do their work," 
said Blair Bemholz, a defense 
lawyer here. “But there’s never 
any question who is in control 



• Andrew P. Snndberg, 
founder and a director of Amer- 
ican Citizens Abroad, is dip- 
ping into “The Faber Book <4 

“It’s a selection of materials 
by many different authors — a 
grasp at trying to show the ex- 
traordinary eclecticism of all 
the thing s that relate to Ameri- 
ca. It’s a wonderful book.” 

(Barry James, UTT) 

nnrnn ujvv#~ — * . _ 

beats the burden of Marxism 
and its variants under which so 

many of today’s, totonans be 

bor The reader wbO OJ«H |nte rs 
in her preface such phrasers 
«tbe confirmation of 
monk* position of those with 
£JSS£" be told pressed not 

to abandon the book without 
further investigation. 

But Curtis is better than the 
stale rhetoric to which from 
time to time she dutifully re- 
sorts. Though hampered by a 
severe lack of documentaiy evi- 
dence, rite has managed to 
make a good deal out of pre- 
caous httleL As she writes: 

“Through wcatntnfng bis life, 
we can hope to learn how 
Americans at the tom of the 
century came to terms with a 
racially diverse citizenry, strug- 
gled to reformulate as Ameri- 
can culture, and incorporated 
African American music into 
their national heritage. 
Through the great Missouri 
composer, we can begin to un- 
derstand how dancing to a 
black man's tune involved a 
complex process' of artistic cre- 
ation, unequal social power, ra- 
cial discrimination'. and ad- 
vancement,' and -.the formation 
of Americanculture.” 

Although Curtis earlier men- 
tions “a dramatic transforma- 

tion of American culture;” she 
is more accurate when she de- 
scribes- the process in which 
Joplin so centrally participated 
as “the formation of American 
culture.” Such culture as existed 
in the Iatc l9th century was im- 
ported rather than endemic. 
When Curtis calls Joplin “a 
bridge between the stud piano 
playmg of Victorian America 
and the more wide-open op- 
tions of theeariy 20th century ” 
what she is describing is the 
replacement of the old import- 
ed Fiiriish culture with one 
uniquely African American in 

Curtis- writes, correctly, that 
Joplin’s deceptively simple rag- 
time music “represents the 
meeting of two musical tradi- 
tions — the structures of West- 
ern serious music and the melo- 
dies and rhythms of 19th- 
century African American 
communities.” Joplin's story, 
tike those of countless millions 
of other Mack Americans, is in 
great measure about the strug- 

of the courtroom. He keeps a 
firm hand.” 

Janet Kerr, a law professor at 
Pepperdine University who has 
advised Mr. Ito as a technical 
expert, said: “I believe him to 
be a brilliant judge who's will- 
ing to listen intently to many 
different sides of an issue ana 
who makes very well-reasoned 

After Mr. Ito's appointment 
was announced, Mr. Simpson’s 
chief lawyer, Robert L. Shapiro, 
called him “an excellent choice 
because he is one of the finest 
judges in the state of Califor- 

gle to win acceptance against 
great odds, and of the price that 
struggle exacts. 

This aspect of the story is 
treated perceptively and sensi- 
tively by Curtis. She eschews 
the temptation to sermonize or 
moralize about the shortcom- 
ings of the whites with whom 
Joplin dealt, apparently out of 
an understanding that their 
own lives and attitudes were cir- 
cumscribed by the same ele- 
ments against which Joplin 
struggled. Though she does por- 
tray Joplin as a rather lonely 
figure, she does not sentimen- 
talize him and she gives due 
credit to those who peredved, if 
dimly, the character and impor- 
tance of his art. 

Perhaps this is because Curtis 
understands that what was go- 
ing on, though no one knew it at 
the time, was a process of inter- 
racial collaboration. “Perhaps 
the most important conclusion 
one can draw about the life of 
Scott Joplin and the ragtime era 
is to acknowledge the mutual 
dependence of American and 
African American culture," she 
writes. “Neither makes much 
sense without the other, and 
one can find more than one 
understanding of each within 
the national and racial subcom- 
munities.” It goes deeper than 
that, for neither culture is even 
imaginable without the other, 
because both were shaped in 
this country and are the com- 
mon heritage of its citizens. 

Jonathan Yardley is on the 
staff of The Washington Post 

Quebec to Hold Election 
With ‘Destiny’ at Stake 

Reuien da bv a three- lo-two margin i 

QUEBEC CITY — Premier 198(3 referendum that tore fa 


QUEBEC CITY — Premier 
Daniel Johnson announced 
Sunday that a provincial elec- 
tion in Quebec would be held 
SepL 12, launching a new de- 
bate on whether the mainly 
French-speaking province 
should secede from Canada. 

Mr. Johnson's Liberal Pany 
is trailing badly in the polls be- 
hind the opposition Parti Que- 
b£cois, which has vowed to 
make Quebec an independent 
country within a year. 

“The people of Quebec will 
have to choose their destiny." 
Mr. Johnson said at a press con- 
ference announcing the election 

The Parti Qu£becois has said 
that within 8 to 10 months of 
election victory it would hold a 
referendum on the issue of se- 

Quebeckers rejected a plan to 
sever political links with Cana- 

da ov a Uuee-UMwo margin m a 
198(3 referendum that tore fam- 
ilies and political alliances 

Since then, the passion of the 
debate has subsided. But the 
Parti Quebecois hopes to profit 
from weariness among Que- 
beckers after nine years of Lib- 
eral rule that has left a rising 
public debt, high taxes and un- 
employment hovering around 
13 percent 

Two major polls published 
just before the election an- 
nouncement gave the Parti 
Qu6b£cois a 7 to 10 percentage 
point lead over the Liberals. 
But the same surveys show Que- 
beckers are ambivalent about 
whether they should seek a di- 
vorce from Canada. 

A Leger & Leger poll pub- 
lished last week showed that 
support for a separate Quebec 
has fallen recently, with aboul 
46.5 percent in favor and 53.5 
percent againsL 


By Alan Truscott 

C ONSIDER the diagramed 
deal from the Knockout 
Team event: Seven spades is 
unbeatable for North-South, 
but seven hearts may fail if 
played by South. 

East was able to show his 
powerful minor two-suiter by 
bidding four no-trump over 
four hearts, and followed with a 
Ughtner double of six hearts. 
He expected to score a spade 
ruff and the club ace, and the 
first part of this program suc- 
ceeded wben his partner led a 
spade. But that was the end of 
the defense and North-South 
collected 1,660. 

West should surely have bid 
at least six clubs over five dia- 
monds, an advance save to put 
pressure on (he opposition. 

That would have given East a 
different opportunity to double 
and ask for a spade lead, per- 
haps collecting 200. Rather 

than sub mi L to the impending 

ruff. North might well venture 
seven spades, finding the win- 
ning contract at the last possi- 
ble moment. And East would 
then have lost 2,210 doing much 
worse. He can now argue, that 
hjs double of six hearts was 

Striped-Tailed Ape maneuver, 
discouraging his opponents 
from bidding the grand slam. In 
the replay South opened one 
dub, strong, and the bidding 
hurtled to the dam level before 
either North or South had bid a 
major suit After a seven-club 
sacrifice, South had enough in- 
formation to bid seven spades, 
finding the correct 10-card Du 
but was too cautious- He dou- 
bled seven chibs, collecting 300, 
and his team lost 16 imps in- 
stead of gaining 1 1. 


♦ Q9854 2 
T' Q J 7 6 5 3 
C S 

* - 


* J 10 3 
T S 

: J72 

* K 9S5 « 3 


* - 


0 KQ 10664 
* A Q J 10 6 2 


4 AK7S 
C A K 10 9 4 
0 A 93 


North and South were vulnerable, i 
The bidding: I 





i r 


4 V 

4 N.T. 

3 C • 


6 ? 





Away From Politics 

• The Citadel, a military college in Charleston, South Caroli- 
na, must admit Shannon Faulkner to its uniformed corps of 
cadets, a federal judge in Washington has ruled. She is the 
first woman to be granted full admission in 152 years. 

■ Tbe space shuttle Columbia has landed in Cape Canaveral, 
Florida, after a record-long 15-day mission with seven astro- 
nauts, including the first Japanese woman to fly in space. 

• Two Harvard College students who ran charity events in 
1991 and 1992 to benefit children with cancer have been 
charged in Cambridge, Massachusetts, with stealing $132,000 
of the proceeds. The students, Charles K. Lee and David G. 
Sword, both 1993 graduates, were indicted in connection with 
money missing from An Evening With Champions, an annual 
charity ice-skating exhibition that Harvard students have 
conducted for 23 years. 

• A van carrying a gills' basketball team to a tournament has 
crashed on Interstate 15 near Las Vegas, Nevada, after the 
driver fell asleep at the wheel. An 1 1 -year-old girl was killed, 
and 1 1 others were injured. 

• Tbe man who founded and led tbe first squadron of black 
U.S. aviators in World War II, Benjamin Davis Jr., has joined 
the Wright brothers, Amelia Earhart and others in the Na- 
tional Aviation Hall of Fame in Dayton, Ohio. Also inducted 
were CoDett Evc rman Woolman, who founded Delta Air 
Lines; Robert Gilrulh, who served as director of NASA's 
Manned Spacecraft Center, and Carl Nor den, who developed 
instruments used in flight control and weapons systems. 

• Four climbers started an avalanche on Mount Hood, in 
Oregon, when they fell about 700 feet (200 meters) down a 
snowy glacier, a witness said. Two were swept into a crevasse 
and lolled; the other two were airlifted to a hospital. 

• A 405-pound (185-kilogram) man is suing Denny’s, a restau- 

rant chain, for Si J million, contending that employees at an 
outlet in Portland, Oregon, made him feel like “a clown on 
parade." Gary A. Sellick. 36, also maintains that he could not 
fit into a booth and that the restaurant was unable to provide 
a chair big enough to hold him. ap. nyt. Reuten. h p 




• Monday 

International Conferences and Seminars 

• Tuesday 
Education Directory 

• Wednesday 

Business Message Center 

• Thursday 

International Recruitment 

• Friday 

Real Estate Marketplace, Holidays and Travel 

• Saturday 

Arts and Antiques 

Plus over 300 headings in International Classified 
Monday through Saturday 
For further information, contact Philip Oma in Paris: 
Tel: (33-1) 46 37 94 74 - Fax: (33-1) 46 37 52 12 


West led the spade jack 

rt * T V 6 S9°??g‘S 

W 4ec^i'4(«M<A<fliiii-ii'H>]c±oAnffi|n>iinriAnnnnnnm^««i 





Rwanda’s Pain Registers 

The 2 million terrified Rwandans who 
have fled to neighboring countries are 
now dying at the rate of one a minute. 
For lack of safe water and sanitation 
facilities, cholera threatens the makeshift 
camps that have sprung up around the 
Zairean town of Goma. President Bill 
Clinton, who on Friday called it the worst 
humanitarian crisis in a generation, has 

rule of law and a policy of reconciliation 

with die majority Hutu. Since the new 
regime has already 

iy named Hutu as presi- 
dent and prime minister, and since the 
Patriotic Front agreed last year to a settle- 

finally begun to respond with the energy 
this widening disaster demands. 


Obviously, as Mr. Clinton stressed, 
the first need is to assure the survival of 
Rwandans, most of them Hutu, who 
have formed human rivers flowing across 
frontiers. He promises that an aerial 

armada, flying around the clock from 
iniebbe i 

Italy to Entebbe airfield in Uganda, will 
airlift food, water and medicine to vari- 
ous camps. Crossing another important 
threshold, he is sending U.S. troops to 
monitor the humanitarian operation. If 
only Washington bad donehalf as much 
before this human flood crested. 

Still, Rwanda is at last getting priority 
attention. As Mr. Clinton said, the essen- 
tial corollary to the humanitarian airlift is 
to create conditions within Rwanda that 
will permit refugees to return. In what 
could be a long-term commitment, he 
promises logistic support for a full con- 
tingent of United Nations peacekeepers 
to help that process along. 

Mr. Clinton property bolds out a band 
i the Tutsi-led Rwanda Panic 

to the Tutsi-led Rwanda Patriotic Front, 
which began as a rebel force but is now the 
governing authority in Kigali, the capital. 
But, wisely, he stipulates three conditions 
for U.S. recognition: the formation of a 
broad-based government, respect for the 

meat based on reconciliation, the U.S. 
conditions seem just and realistic. 

The very scale of the response that the 
president is mobilizing should begin to 
reassure Rwandans who took flight after 
hearing venomous and hysterical broad- 
casts warning that insurgent armies were 
bent on slaughter. There is strong evidence 
that the most savage killings were perpe- 
trated by the former regime and that Patri- 
otic Front commanders have done what 
they could to prevent reprisal massacres. 
Specialists plausibly argue that years of 
living and fighting m Uganda, where eth- 
nic strife has been tamed by reconciliation, 
has moderated the front's leadership. 

All this will soon be put to the test, 
along with urgent efforts by the UN refu- 
gee commission to persuade those fleeing 
to return. Nobody can say for certain 
what will now happen to the “safe area" 
in southern Rwanda established by 2^00 
French troops, who are to withdraw soon. 

After a faltering start, when America 
seemed unable even to supply personnel 
carriers to Rwanda, Mr. Clinton has initi- 
ated something very like George Bush's 
Operation Provide Comfort, which helped 
save the Uves of half a million Kurds who 
fled their homes in Iraq. But NATO allies 
woe major helpers then, and could as- 
suredly contribute more in Rwanda to- 
day. Meantime, the president needs and 
deserves public support at home. 


Bosnian Serbs Say f No’ 

What was intended as a transition to 
peace in Bosnia may be becoming an 
extension of war. This is the result of the 

sly Bosnian Serb rejection of the peace 
plan offered by the “contact group’ 

offered by the “contact group" of 
the United States, Russia, France, Britain 
and Germany. The Muslim-led govern- 
ment of Bosnia formally accepted the 
plan, in the confident expectation that its 
Serbian adversaries would reject iL Bos- 
nian Serbs were under some pressure 
from sanctions-burdened Serbia to go 
along, but they hedged, unwilling either 
to lose captured territory or to give up the 
idea of joining a Greater Serbia. 

The Serbs’ response is an effective 
“no,'’ but it came disguised as a qualified 
“yes." Quickly they used it to drive a 
wedge between the Western four, who 
insisted that the Serbs accept the plan 
unconditionally, and Russia, which pro- 
fesses to find the Serbs* stand “positive" 
and a baas for further negations. This 
is preposterous. The Bosnian Serbs have 
perfected the dim art of stalling and ob- 
fuscating. For others to fall for this ruse is 
to play into the Serbs’ purpose of keeping 
and consolidating their bloody-handed 

gams. The plan is not beyond touch-up, 
but any wholesale alterations such as the 

out any wholesale alterations such as 
Serbs have in mind must be regarded as 

out of rite question. 

The contact group had made certain 
threats to the Bosnian Serbs: to tighten 
economic sanctions, to expand NATO- 
protected "safe areas" around Muslim 
enclaves, and as a “last resort” to have 
the United Nations lift the arms embargo 
now constricting Muslim military opera- 
tions. Practical and political obstacles 
lie before realization of all of these 
threats. But surely shame, if not duty, 
will induce the contact group to deliver. 
There can be no premature easing of the 
pressure on either the Bosnian Serbs or 
their patrons in Serbia, who talk peace 
and stoke war at the same time. 

Perhaps (he Bosnian Serbs will recalcu- 
late the odds. Otherwise there is scant 
prospect of early progress toward a nego- 
tiated settlement The Muslims, the main 
victims, were prepared, or so they said, to 
accept a supposedly final plan that con- 
dones much of the Serbs' “ethnic cleans- 
ing." Why should they now enter a Serb- 
sought negotiation that promises them 
even more pain? The Muslims take a risk 
by undertaking to continue what may be 
a less than total war but is bound to be a 
costly struggle. But as the big losers so far 
they deserve respect for their goals of 
regaining their lost territory and keeping 
Bosnia a unitary state. 


Don’t Invade Haiti 

President Bill Clinton, feeling less 
pressure from refugees and sensing oppo- 
sition at home, is having second thoughts 
about the urgency of invading Haiti. 
First, he wants a new. Desert Storm-style 
United Nations resolution that he hopes 
can persuade Lieutenant General Raoul 
C6dras and his cronies to leave on their 
own. Yet the UN strategy, which would 
authorize member countries to use “all 
necessary means” to restore President 
Jean-Bcrtrand Aristide to power and dis- 
arm his opponents, also rates on the logic 
of a military solution. 

Meanwhile, U.S. forces conspicuously 
practice invasion preparations off the 
Haitian coast, and White House and 
State Department aides pepper the air- 
waves with pointed warnings. Federal 
prosecutors investigate drug charges 
against Haitian military leaders in ways 
that are certain to recall the indictment of 
Manuel Noriega that became a key justi- 
fication for the 1989 invasion of Panama. 

PhyscaHy removing General C6dras 
and his cronies from Haiti should be 
easy work for a large enough expedition- 
ary force. But then what? Military force 
is a notoriously blunt instrument for 
solving political problems. 

Unlike many opponents of military in- 
tervention, The New York Tunes fuDy 
endorses the return of Father Aristide to 
power and harbors no illusions about the 
intentions of General Cadres and his 
murderous cohorts. But invasions, even 
of small countries with weak armies, are 
not a rational solution to presidential 

frustration, the need to look tough or 

would be 

lack of other ideas. To invade woi 
an irresponsible use of the world's most 

)le military force. 

the Clinton administration Hopes lor 
a UN vote this week. But it wul take 
another month at least to recruit coun- 
tries to join in an invasion and a sub- 
sequent peacekeeping force. Adminis- 
tration hawks should use the delay to 
throw off their war fever. 

The Clinton administration has yet to 
present compelling arguments that in- 
vading Haiti is in the best interests of the 
United States. Human rights are being 
massively and flagrantly abused. But over 
the long months when Washington looked 
the other way for fear of having to grant 
asylum to fleeing refugees, the terror was 
almost as bad. Similarly, drug allegations 
have been kicking around for years, but 
until very recently Washington seemed 
eager to talk down their significance. 

The surge of refugee departures has 
fallen off drastically in recent days, since 
Washington began denying boat people 
any chance of entry to the United States, 
while providing safe havens elsewhere. At 
last, the administration has found a polit- 
ically sustainable refugee policy. 

Meanwhile, American public opinion 
remains skeptical of or downright hos- 
tile to the use of U.S. military force in 
Haiti. The constitution and the prece- 
dent established in the Gulf War would 
require congressional, not just UN, ap- 
proval for an invasion. 

Horrible things are going on in Haiti. 
Democracy has been hijacked. People are 
being terrorized, and a pitiful economy is 
being strangled. These are good reasons to 
put the strongest diplomatic and economic 
pressure on the junta and to provide sanc- 
tuary to fleeing refugees. They are not 
good reasons to send m the marines. 


International Herald Tribune 




RICHARD McCLEAN. Publisher & ChirfExKutnr 
JOHN VtNOCUK Eraewfifor & YtcePnadui 


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Relief Immediately, Then Crisis Prevention QuuMy 

.... must be oart of 

■^yASHINGTON — I walked among the refugees of 

. . Goma last week. I continue to be haunted by the 
look on their faces. I saw a sea of dead eyes. The dead 
eyes of dazed resignation borne in the exhausted faces 
of small children and weary mothers. 

It is no wander. These people have seen tbrir families 
wiped out They have already experienced the worst 
atrocities that h umans can perpetrate against each oth- 
er. What they experience in Goma could not be worse. 

When the reports of cholera deaths began to come in, 
the memory of the children was seared in my mind. 
Some erf them wandered about the refugee camp with- 

By J. Brian Atwood 

The writer, administrator of the US Agency for International 

r npHnals must be tried under a feirj 
ions ueedea to conymee^^ foSwbtare to 




out parents. Some took to exploring their strange new 


home. They are the most regrettable victims, for they 
are not responsible for the catastrophe. 

In the fields of Rwanda a good crop is going to waste. 
In the distant shadow of this abundance, across the 

led with 
fouled with 
their feet it 

defies buying the dead; with people packed so tightly 
that it is more than anyone can bear. 

Now the international community is trying to cope, 
against all odds. As soon as President Bin Qh 


understood the dimension of the crisis, he sent me to 
Goma to assess the situation and spearhead an emer- 
gency response. The United States had already helped 
pre-position a thousand tons of food aid in the region, 
but no one could have anticipated the enormity of this 
tragedy. Our enemies now are cholera, dehydration, 
disease and starvation. 

The international community has never faced a refu- 
gee exodus of such magnitude in so brief a time. 

It started on July 13 and didn't stop until some JL2 
million Rwandans had i 

1 entered Goma. Another 200,000 

have streamed into Bukavu in Zaire, and 800,000 into 

Kamanyola, in Zaire near the Rwanda-Bumndi border, 
and the exodus to these rites continues. 

Relief workers are frustrated and their appeals are 
from the IrearL The Umted States is determined to lead 
a worldwide humanitarian response, working with the 
United Nations to mobilize the international communi- 
ty. We will not be deterred in these efforts. . 

On Thursday President Clinton announced an addi- ' 
tional S41.4 Samoa dollars of aid to Rwanda. America 
has already conducted 100 humanitarian relief flights to 
the region, and it will step up the pace of these flights. - 

The Department of Defense and the US. Agency for 
International Development arc shipping in bladders for 
potable water, warehouses of food, 135 tons of plastic 
sheeting for shelter, 120 tons of blankets, storage facili- 
ties, trucks and other necessary relief supplies. We are ; 
sending in emergency health lots which contain essential 
drugs; 20 million packets of lifesaving oral rehydratkm 
salts needed to deal with cholera ami other diarrheic 
diseases; massive quantities of antibiotics and syringes. 

Teams are work^ around the clodc to addrras press- 
ing logistical needs. Improving the air facilities at Goma 
is the first step in building up its capacity to be able to 
handle the enormous flow dt needed humanitarian sup- 
plies. Purifying water, improving air facilities at the sites 
of other refugee camps, opening up a track route from 
Kampala, and strengthening distribution fadHties within 
Rwanda to get larger quantities of food in within the next 
two weeks are important puts of the rdief agenda. 

StiB, the humanitarian response will be inadequate If . 
it is measured only in metric tons of food, medicines 


Uganda and Taman* 


organizations Eke the Umted Nations. The costs of 
«Auu> ainnn rt and disaster rdief have 


States government is using its SeOTty ComMa^i to 
lead a process of rejuvenation within the UN system. 

The desperate people in Goma, make no mistake 
about it, are the victims of this chaos. If die mtenanon- 
al community does not soon join the Umted States as it 
develops the machinery for effective crisis prevention 
if we together do not soon begin to invest m. sustainable 
development — the scenes we have witnessed m Goma 
will become commonplace. 

Los Angeles Times SjntSooe. 

Hope for Rwanda as the Patriotic Front Indicates Restraint 

H ANOVER, New Hampshire — The 
Rwanda Patriotic Front's decisive 
victory in the rivil war should be wel- 
comed by friends of peace in Rwanda. The 
appointment of Pasteur Birimungu and 
Faustin Twagiramungu, two moderate 
Hutu, as prerident and prime minister is a 
positive step toward brmgm|! stability to a 
country wracked by four years of war and 
three months erf genocide. 

How will the new leadership govern? 
Despite the massacres and the intense 
emotions that will be their long-term in- 
heritance, there is a surprisingly good 
chance that the new government will end 
the slaughter of civilians and restore order. 

The scale of the tragedies impedes out- 
side understanding of what the Patriotic 
Front is likely to do now because it 
obscures the differences between the 
front and the government it defeated. 

The staggering number of victims 
should not blind us to the fact that the 
ousted government was directly responsi- 
ble for most oS the deaths of civilians. Its 
radio broadcasts, which intensified fear of 
retribution, helped create more than a 
million refugees in less than a week. 

Nor should this cavil war be seen sim- 
ply as an ethnic conflict between Hutu 
and Tutsi. They lived peaceably together 
and intermarried in 'mages throughout 
Rwanda for a quarter of a century until 
1990, when the Patriotic Front invaded 
from Uganda. Last April, after extremist 
Hutu sozed the government, moderate 
Hutu willing to share power with Tutsi 
were massacred alongside Tutsi. 

The senior officers and soldiers who 
formed the original core of the front have 
a guide for the creation of their govern- 
ment after winning the civil war. They 
learned this by fighting in the guerrilla 

By Nelson Kasfir 

army of President Yoweri Museveni erf 
Uganda, whom they continued to serve 
after it took power m 1986. 

These soldiers saw General Museveni 

form a broad-based government by of- 

and the 

fering positions in the cabinet 
civil service to his rivals, 
tidpation through democratic 
councils set up throughout the country, 
and absorbing rival military groups and 
soldiers from the defeated Ugandan gov- 
ernment army into his own military. 

The success of those measures is ap- 
parent, even though Uganda suffered 

17ie Patriotic Front has tried, 
not always successfully, 
to insure that its soldiers 
protect civilians. 

further dvfl. wars in two of its regions 
after General Museveni's victory. 

Because General Museveni advises the 
senior officers in the Patriotic Front and 
because the front's senior personnel ex- 
perienced this successful transition, the 
new Rwandan government is likely to try 
to build a political order in which Hutu 
and Tutsi can live together peaceably. 

The honific experiences of the war-— 
particularly the strains placed on Patri- 
otic Front soldiers, many of whom have 
lost their entire families — pose an even 
greater challenge than Ugandans con- 
fronted. But the first steps of the Patriot- 
ic Front have adapted the Museveni ap- 

proach to Rwandan circumstances. The 
new government has explicitly endorsed 
the power-sharing agreementtbat die Pa- 
triotic Front and the framer Rwandan 
government negotiated in August 1993. 

Instead of appointing the top' from 
officials as the transitional president and 
mime minister, they have chosen Mr. 

. Hwjmimg n and Mr. Twagjrannxogu, who 
were originally selected in- the power- 
sharing arrangements a year ago. This is 
likely to be the start of a broad-based 
government similar to that of Uganda. -' 

President Bramungu seemed to under- 
stand the importance of inclusion when 
he said at a news conference last. week: 
“More than 50 percent of the posts are in 
the hands of parties other than the RPF. 
I think (here can be no more proof of 
generosity than that.” 

However, the appointment of Mqor 
General Paul Kagame, the front's chief 
military commander, as vice president 
and minis ter of defense, also tallows a 
pattern that General Museveni estab- 
lished in Uganda, the iron fist in the 
velvet glove. He has allowed much gov- 
ernment participation as well aspersonal 
freedom in Uganda, but he has kepi 
careful control over the army. 

.The Patriotic Front is likely to do the 
same. The new government’s chance to. 
restore Security, rebuild die economy and 
reintegrate both new and old refugees 
will depend on tbe^ wise decisions of a few 
senior nriHtaiy officers. 

When he took power. General Muse- 
veni promised to punish the “criminals” 
who caused the outrages in the regime he 
overthrew. He soon adopted a policy of 
forgiving his opponents and inviting 
them bade to five in Uganda. ; 

The same issue faces the leaders of the 

Patriotic Front, who have vowed to 
p unish the former government officials 
who organized the wiilWaa that killed 
most of the dvflians. For real peace in 
Rwanda, these leaders ought to xememr 
. ber Uganda's «h«ng e of heart and pur- 
sue a policy of reconciliation, first with 

the refugees and later even with officials 
of the former gove rn ment. 

’ The difference between the two sides 
in the conduct of the Rwandan civil war 
is a good indicator that the new govern- 
ment will not behave as the old one did. 
The former government considered mas- 
sacring its eftizeas its central mission, 
while tbe patriotic Front has tried — not 
always successfully — to ensure that its 
soldiers protect rivilians. 

- Human, righr* abuses by the front have 
been documented, including the execu- 
tion of cmEans. But these abuses oc- 
curred despite the code of cooduct issued 
to soldiers, e^wdaBy when inadequately 
tramed srfdiers werc recxuited as the 


flooding Zaire areunderstaodaWe, 

have not- been any reports erf Patriotic 

U ganda before -the -19§0 invasion, the 
front called fra* “democracy sin d national 
unity ” The new government should set up 
democratic elections m each village and 
declare that it will work with all elected 
officids regardless of ethnic identity. • 

The writer is chairman of Ihe depart- 
ment of government at Dartmouth Col- 
lege. He contributed this comment to The 
New York Times . ' ’ \ ’ 

in Asia 

’ AKARTA — The major secu- 

rity question facing Aria and 
the Pacific 

By Jusuf Wanandi 

fie following the end of 
the Cold War is whether a new 
equilibrium can be achieved be- 
tween the big powers in the area 
that wflj maintain peace and eco- 
nomic progress, or whether the 
region will have a dominant pow- 
er, as Japan was before the end of 
World war 13 and China was in 
thepiecoloual period. 

Tnere is uncertainly in Asia 
about the extent to which the 
United States will continue to 
station its forces in Northeast 

Asia to help deter aggression and 
maintain a balance of power. 
With the Korean Peninsula in 
errfs, the American security 
presence will be maintained, but 
it is not dear how U.S. public 
opinion will react to the costs 
involved in the longer term. 

A credible alliance with the 
United States would keep Japan’s 
security policies mainly oriented 
toward self-defense and partid- 
ition in United Nations 
ping operations. If 1 

with America lost credibility, it is 
not dear how Japan would react 
to protect its extensive and grow- 
ing economic interests in Asia. 

China, too, is a source of un- 
certainty for the region. China is 
emerging as a powerful econom- 
ic and political factor, but 
whether it is accepted as a trust- 
ed neighbor by other countries in 
the area depends on how it be- 
haves toward them. 

tion in^EasUVsia has made ooun- 

The Forum Makes a Perfunctory Start? 

B ANGKOK — When minis- 
ters and senior officials from 
1 8 delegations hold their first for- 
mal meeting this Monday in 
Bangkok, they will be attempting 
to extend to the wider Asia-Pacif- 
ic region a confidence-building 
approach to security that has 
been used with some success in 
Southeast Asia. However, the oc- 
casion is expected to be an exer- 
cise in diplomatic form rather 
than substance. 

The meeting of the ASEAN Re- 
gional Forum has set itself very 
limited objectives, at least to start 
with. This is partly because Thai- 
land, the host government, and its 
five partners in the Association of 
South East Asian Nations — In- 
donesia, Malaysia, the Philippines, 
Singapore and Brand — do not 
want to offend China or have an 
in-depth discussion on the deterio- 
rating situation in Cambodia. 

Also taking part in the forum 
are to be the United States, Chi- 
na, Japan, Russia, the European 
Union, Australia, South Korea, 
Vietnam, Canada, New Zealand, 
Laos and Papua New Guinea.. 
Despite the large number of par- 
ticipants, the tune allocated for 
discussion is only about three 
hours, or no more than 10 min- 
utes per speaker. 

ASEAN countries, which have 
largely determined the forum's 
agenda, want to encourage China 
to continue its outward-looking 
economic policies in the hope 
that growing trade and invest- 
ment ties will give Beijing a 
strong stake in msmtaiiung re- 
gional stability. Some ASEAN 
officials argue that the prime pur- 

By Michael Leifer 

pose of the Bangkok meeting 
should be to make new members 
of the forum, especially China, 
fed comfortable. 

Such an approach suits China 
and Thailand. They prefer not to 
have to cope with contentious is- 
sues, such as Beinng’s claims to 
control much of ihe South China 
Sea including portions close to 
Southeast Asia, its recent inter- 
vention on behalf of the overseas 
Chinese community in Indonesia 
during anti-Chinese riots that, 
and Cambodia's political decay. 

The United Natrons settlement 
of the Cambodian conflict, which 

ASEAN supported, appears to be 
unraveling. It is a subject that 
Thailand, in particular, does not 
want to have discussed in the fo- 
rum. The circumstances of a re- 
cent abortive coup in Cambodia 
prompted charges of Thai com- 
plicity by the government in 
Phnom Penh. Cambodian au- 
thorities also allege that dements 
of the Thai military have dose 
lmfa? with Khmer Rouge rebels. 

Thailand’s ambivalence toward 
the government in Cambodia 
which emerged from UN-super- 
vised elections in May 1993 has 
been influenced by the increasing 
dominance of the Cambodian 
People’s Party within the ruling 
coalition in Phno m Penh. The 
party is the direct soccessor of the 
group that was put in power in 
1979 by a Vietnamese invasion 
force and is still seen in Bangkok 
to serve Vietnam’s interests. 

Vietnam withdrew its troops 

from Cambodia in 1989, allowing 
the country to resume its role as 
an mdependoit buffer state be- 
tween Thailand and Vietnam. Chi- 
na and Thailand share a common 
concern to contain any revival of 
Vietnam's influence in Cambodia,' 
and Beijing is report e d to have 
sent a fresh delivery of arms to the ; 
Khmer Rouge earlier this year' 
through the Tsai military. 

The ASEAN Regional Forum 

tries interdependent and encour- 
aged theca to think of ways of 
developing co op er ativ e security 
arrangements. Dialogue and co- 
operation between Asia-Pacific 
nations have created common in- 
terests, views and improved mu- 
tual confidence. 

The ASEAN Regional Forum, 
which canvmes in Bangkok this 
Monday, seeks to build an these 
develojHnents cm a step-by-step 
basis, moving at a pace that zs 
acceptable to participating coun- 
tries. The initial aim should be . 
to ensure that regional trouble 
spots, such as the South China 
Sea dispute and Cambodia, do 
not become armed conflicts. 

At the same time, steps should' 
be taken to create mutual trust 
between the forum's -member 
states, some of winch have not 
ited in a regional security 
: before. 

operate in areas such as intdli- 
-gooceand training. 

If the first phase is successful 
after some years, the second phase 
of the forum’s development could 
foods on efforts to make it a re- 
gional institution for aims control 
and eventual disarmament. The 
third phase would be to make the 
forum part of a global collective 
security system under a strength- 
ened United Nations. 

While the forum is still in its 
inf anqy, it should allow time for 
participants to get to know each 
other better. Thai the challenge 
will be whether it can achieve tbe 
concrete results needed to make it 



an institution that is really rale- 
vant to regional security. - 1 

was established largely to 
fecnvdy hi 

China more effecnv 

aym mam- 
in the 

Asia- Pacific region. That purpose 
will not be served by a single annu- 
al meeting at ministerial level con- 
sisting of no more than a series of 
Uand statements by the represen- 
tatives of 18 countries in torn. 

Such an exercise might make 
China fed comfortable, but bury- 
ing contentious issues wfll do little 
for regional security. It amid an- 
damme stability by encouraging a 
false sense of achievement 
If the ASEAN regional forum 
is to educate China about its in- 
terest in manitflining Asian secu- 
rity, then Qian Qicfien, the Chi- 
nese foreign, minister, should be 
told bluntly that good behavior is ■ 
essential for regional economic 
cooperation. In its present form, 
the forum is not wdl suited for 
covering that important message- 

sunss could be promoted by agree- 
mats that forum members will 
publish defease white papers on 
their military spending, doctrine^ 
deployments and arms purchases; 
give advance notification of .exer- 
cises and permit observers from 
other member countries to atte n d 
them; take part in. regular ex- 
flitary staffr and cck 

The writer, chairman of ihe su- 
pervisory board of the Center for 
Strategic and International Stud- 
ies in Jakarta, contributed this 
comment to the Internationa t 
Herald Tribune. . 

E rtttt i intended for publication 
should be addressed “Letters to the 
Editor" .and contain the writer's 
signature, name and ftdl address, 
letters should be brief and are 
subject to ediring. We cannot be 
i for the mum of vrw- 

Seked manuscripts. 


1894s fighting in Corea . 

PARK) —After much.hesitatkm. 

ations with the European Powcra, 
tiro C hines e and Japanese have 
finally determined on going to 
war about their respective rights 
in Corea. .According to the first 
despatches received in- Europe 
yesterday [July 24], there has a£ 

Department, because of so many 
army soldiers maming- French 
.ffris. This would amplify; their. 
tra Bsportatian, as all: the wives 
ana babies could be. put aboard 
one ship, specially fitted up with 
nurseries and nurses, and besides, 
the squalling would not keep the 
wst pf the Army awake at night. 



The writer, professor of Interna- 
tional Relations at the London 
School of Economics and Political 
Science, is the author of a forth- 
coming “Dictionary of the Modem 
Politics of South-East Aria." He 
contributed this comment to die 
International Herald Tribune. 

_ ..jim the Japanese wore vic- 
torious. We can frankly say that- 
however much an. appeal to 
armed force is always to be re- 
grctted, only a relative impor- 
tance canbe attached to thurim- 
expccted;. war,’ so long as no 
European Power intervenes. 

1919 s Maimed Soldiers 

WASHINGTON — Special i«i- 
zneats of manfed men will proba- 
bly be framed and sent home on 
rare boat, according to the War 

WASHINGTON — irrran 

edition;} A new mow 
m Umted Statcs-Aigentme rda 
'hops was indicated tnmph t-J.fiil 
24] as it was learned in diplomat 
ic quarters that the Washingto 
KPYenmEnt has informed 
other American. Republics of it 
irrevoc able decision not to re 
^SttiZe or deal with the preset 
m Argentina. The Unite 
States attitude was recognize 
* reference to the na 
“Onahstu; and pro-Nazi politic 
or the Argentine regime. • 



> N-4~tr c ^ r; taOTftfc .; :.••• *■* -. -‘-s* -±?*y L *W 'v»- , • , 

i _ 




m ui- 



Page 5 * 2 ^ 

iven in U.S. -North Korea Talks 

By James Stemgold 

Ww *** 7«io Benin 

.TOKYO — The aumumanm t 

mme J ?? r £l KC 7 ea if ad a f reed tO'TB-' 
aunc high-level talks with Washing- 

restored the hint of optimism that 
was injected intQ the crisis a month 

But U.S. government officials, dip- 
lomats and experts say the prospects 
for real progress in halting the' 
North’s suspected nuclear weapons 
program remain about as clea r as the 
murky pood loaded with 8,000 radio- 
active Fuel rods at a major nuclear 
complex in North Korea. 

What happens to the nearly 
opaque pool of water is one erf the • 
most pressing issues the two rides 

will face when they meet at the end of 

next week. In fact, the pool, believed 
to contain the raw matoyfai for four 

or five nuclear bombs, could in a 
short time determine the course of 
tins dangerous standoff. 

If the United States cannot 
suade North Korea to abandon pi 
for widely extracting the bomb ma- 
terial, plutonium, from the spent ura- 
nium rods, the talks appear likely to 


break down. That would push the 
two countries closer to a mili tary 
confrontation long before they have 
had a chance to tackle the range of 
political and economic issues they 
nave said they want to discuss. 

“This issue will be the touchstone 
of die North’s intentions,” said 
Leonard S. specior, an expert on 
nuclear issue s at the Carnegie En- 
dowment for International Peace. “If 
this gets resolved in a positive way, it 
will demonstrate good faith. If 

respond in another way, it would 
create very serious problems." 

A senior U.S. official involved io 
the issue added: “It's true. This must 
be handled first, and pretty quickly." 

Even if the problem is resolved in 
time, it would still leave an array of 
immensely complex issues on the ta- 
ble. Norm Korea has asked for a 
modem light-water nuclear reactor 
for electric power generation to re- 
place its outmoded graphite-core 

But who would finance a deal that 
could' ultimately cost more than SJQ 
billion, take a" decade to complete 
and require the upgrading of North 
Korea’s entire power transmission 

Who would pay for and manage 
the modernization of North Korea’s 
antiquated coal-fired power plants, 
which would be needed to sustain the 
economy until the new plant was 

How would the United States react 
if the North Koreans continued to 
refuse access to two nuclear waste 
sites, which may hold the key to de- 
termining bow much plutonium the 
North already has? 

And would North Korea, one of 
the most closed societies on earth, 
really be willing to reverse four de- 
cades of hostility to the non-Commu- 
nisi world and open up to build the 
political bridges it says it wants? 

Two inspectors from the Interna- 
tional Atomic Energy Agency are 
currently at Yongbyon, the North 
Korean nuclear site, watching to see 
if the North Koreans try to remove 
the rods and begin reprocessing. 

Ultimately, the United States is 
seeking to have the rods removed 
from North Korea, so there would be 
no possibility that the uranium 
would be reprocessed. The induce- 
ment would be, in pan, the ligbi- 
water reactor. 

Modem light-water reactors pro- 
duce far less plutonium than the 
graphite-moderated reactors used in 
North Korea. But they also use a fuel 
that the North does not produce, and 
they arc very cosily. 

That is one of the reason* the out- 
come of the discussions of the light- 
water reactor is so crucial: If North 
Korea accepts a deal — abandoning 
its current nuclear program in favor 
of the new reactors and aid — it 
would mean the biggest shift in 
North Korea’s foreign policy since 
the country began the Korean War in 
1950. It would mean cooperation had 
replaced a war footing. 

That is what is at stake. 

“We’re prepared to put more on 
the table than security issues." said 
Robert L Gallucri. assistant secre- 
tary of state and bead of the U.S. 
delegation. “But the nuclear issue has 
to be dealt with first." 

Q & A: Moscow Official Sees ‘Positive Signs’ in Nuclear Dispute 

Andrei V. Kozyrev, the Russian for- 
eign minister, who was in Bangkok to 
attend an Asia-Pacific security meet- 
ing on Monday, discussed the problem 
of North Korea’s nuclear program with 
Michael Richardson of the Interna- 
tional Herald Tribune. 

Q. Does North Korea already have 
at least one erode nuclear bomb or 
the plutonium needed to build such 

A. I am very skeptical that they 
have a nuclear bomb. On the issue of 
having plutonium, that’s another 
question. This is why we insist that 
inspectors from the International 
Atomic Energy Agency must have 
access to North Korea’s nuclear fa- 
cilities, to be sure that it is not the 
case. That is where the agency’s ex- 
pertise is particularly important. 

Q. Is the death of Kim H Sung in 
North Korea and the accession to 
power of his son, Kim Jong D, a 
setback to efforts to bring about a 
negotiated settlement of the Korean 

A I hope not. We have to respect 
the situation in North Korea. They 
need some time to settle down after 

the death of Kim II Sung. I hope that 
this will be a smooth transition and 
that the positive signs that appeared 
recently — their readiness to restart 
negotiations with the United States 
arid have an inter-Korean dialogue at 
summit lewd — w HI continue. 1 see 
-no reason why it could not be sus- 

Q. Fran the knowledge that Rus- 
sia has, what sort of man is Kim Jong 
II? Is he someone that die world can 
do business with? . 

A We shall see how the new lead- 
ership proceeds. I wish them every 
success in their effort to re-establish, 
yid even promote, cooperation with 
the outside world. Russia is ready to 
explore whatever possibilities there 
are for contacts and dialogue. 

Q. Do you still fed that your pro- 
posal for an international conference 
on Korea is relevant and useful? 

A I think so. We are not putting 
forward this proposal as a substitute 
for bilateral efforts. We wish all the 
best to the U.S.-North Korean dia- 
logue. But this dialogue, unfortu- 
nately, did not produce positive re- 
sults or a breakthrough previously. 

So there is still a possibility of it not 
producing these results next time, 
although we would be very happy if it 

If it fails, however, the economic 
and other consequences fall on Rus- 
sia and some other countries close to 
the Korean Peninsula. They would 
face the nuclear issue and the wider 
issue of security on the peninsula. We 
do not have an ocean separating us 
from North Korea, as the United 
States does. The consequences are 
direct for Russia. It is therefore quite 
legitimate that we want a forum in 
which Russia can participate directly 
in political or diplomatic dialogue 
about the Korean problem. 

Q. At what point will you press for 
an international conference? 

A If the bilateral negotiations fail, 
we wiD insist on trying a multilateral- 
conference approach so that we can 
be sure that if we have to face any 
consequences, then at least we have 
done everything possible to avoid 


This approach also provides the 
opportunity to focus efforts of major 

players. When trouble comes, every- 
body asks Russia, and especially Chi- 
na. to exercise influence. So that’s 
exactly the way. 

Q. Which states would participate 
in such a conference? 

A Those directly concerned: Rus- 
sia, China, Japan, the United States 
and North and South Korea, plus 
some other interested countries, es- 
pecially permanent members of the 
UN Security Council. 

Dt « 

ASEAN: Region Moves to End Mistrust 

Continued from Page 1 

eign minister. Drawing China, an 
emerging economic and military gi- 
ant, into a network of closer regional 
security cooperation is regarded by 
ASEAN officials as vital to the fo- 
rum’s success. 

They said a significant step for- 
ward was made on Saturday in pri- 
vate discussions when Qian Qicben, 

China’s foreign minister, and 
ASEAN countries agreed that senior 
officials from the two rides should 
meet annually to discuss political 
and security issues. 

China is a cl aiman t in the dispute 
with Southeast Asian nations over 
islands and maritime territory in the 
South China Sea. It has also said it 
would not agree to Taiwan joining 
the ASEAN Regional Forum. 

A senior Indonesian official said 

forum as a vehicle for solving exist- 
ing disputes between member coun- 
tries. But he said that it should start 
identifying confidence-building mea- 
sures that would help prevent future 
misunderstanding and conflict 
among members. 

Such measures could include 
agreements to allow foreign observ- 
ers at military exercises and publish 
information on military spending, 
force structure and doctrine, the In- 
donesian official said. 

A U.S. official said that America 
hoped the forum would develop 
“preventive diplomacy so that na- 
tions that have been historical rivals 
and are potential antagonists in the 
future wiD convey to one another 
directly” their military intentions 
and capabilities. 

Magistrates Target 2 
At Berlusconi Firm 


ROME — Magistrates have 
launched a graft probe into Ita- 
ly's finance police that may 
prove to be a political embar- 
rassment for Prune Minister 
Silvio Berlusconi. 

Just days after Mr. Berlus- 
coni was forced to revoke a de- 
cree limiting powers of pretrial 
custody, magistrates over the 
weekend sought the arrest of 
two managers at Mr. Berlus- 
coni's Fininvesi company that 
controls his 57 billion-a-year 
business empire. 

The two, Salvatore Sciascia, 
director of central financing at 
FmivesL, and Gianmarco Riba, 

his assistant, were named 
among about 20 arrest warrants 
issuexf against businessmen and 
the police by Milan’s anti-graft 
magistrates. They axe looking 
into allegations that businesses 
paid bribes for easy treatment 
by the finance police in tax 
probes and other inquiries. 

There was no indication that 
Mr. Berlusconi was directly in- 
volved in the scandal and the 

affair does not involve any po- 
litical parties. 

But the fact that two of Mr. 
Berlusconi’s employees were 
being sought laid him open to 
opposition criticism of alleged 
conflicts of interest between his 
business empire and his govern- 
ment role. 

“We have a prime minister 
with so many interests that con- 
dition him,” said Massimo 
D* Aetna, leader of the Demo- 
cratic Party of the Left. 

Noting that {finance Minister 
Giulio Tremonti faced litiga- 
tion with tax authorities and 
that Defense Minister Cesare 
Previti had worked for a large 
defense contractor, Mr. D'A- 
lema said Saturday; “It seems 
everyone has had the right cabi- 
net post to take care of his own 

Other figures held included 
Felice Vi tali, director-general 
of one of Italy’s biggest holding 
companies, Gemina. which 
controls the Coni ere della Sera 

IRAQ: UN Sanctions Taking Toll 

Continued from Page 1 

exchanges at $3.10 — plunged 
to a postwar low of 510 to the 
dollar in May and is now hover- 
ing around 450. 

like the clocks, Iraq’s infra- 
structure is breaking down. 
Telephone service is worse than 
a year ago. Electricity brown- 
outs are more frequent. The 
quality of drinking water is de- 

Iraqi traders managed for a 
long time after the 1990 UN 
embargo to keep shops full of 
imported goods — from dispos- 
able diapers to cigarettes to 
jams. Today most imports are 
forbidden, and dwindling in- 
ventories consist mainly of 
Iraqi-made goods, such as to- 
mato paste and sugar! ess soda. 

Government employees are 
resigning en masse rather than 
work for salaries equivalent to 
SI or $2 a month that do not 

Americans Preparing for a Long, Difficult Mission 

By John F. Harris 

Washingt on Past Service 

BRUSSELS — US. troops 
win probably remain for at least 
several months in Africa, where 
remote locations and. primitive, 
conditions wiD make assisting 
Rwandan refugees the most lo- 
gisucally complex humanitar- 
ian relief operation in U.S. mili- 
tary history. Defense Secretary 
William J. Perry has declared. 

Mr. Perry was briefed in 
Brussels on the relief effort by 
the senior military command- 
ers, who told him that the crisis 
could swell far beyond its cur- 
rent horror if it were not con- 
tained dining the next month.. 

.. “We want to see them go 
bade to Rwanda, to go back and 
get their fields harvested and 
planted so that there’s not a 
longer-term disaster behind the 

joined soon by larger C-5s, 
which will be carrying transpor- 
tation equipment but will not 
be involved in air drops. 

Adding to the burden. Gen- 

short-term disaster we’re look- . ..eral Joulwan said,-was the- pros- 
ing ataow,” said Mr. Peny, pect of lava from an erupting 

who diverted his return trip 
from a. weekloug tour of the 
Balkans to meet with the nrili- 
tanr leaders. 

General Georae A Joulwan, 
head of the U.S. European 
Command, advised him that 
three C-130s, flying five sorties 
as day out of the airlift head- 
quarters in Entebbe, Uganda, 
would be able to drop 100 tans 
of food daily. The planes wiD be 

volcano near Goma, Zaire, 
where many refugees have con- 
centrated. “The lava flow can 
come very dose to the airfield." 
he said, “so we’re watching that 

Mr. Perry said Saturday that 
the U.S. forces faced an ex- 
traordinary challenge because 
of the number of refugees and 
the 6,500-kilometer (4,000- 
nrile) stretch between the large 

encampments in Zaire and 
Rhein-Main Air Base in Frank- 
furt, Germany, where the airlift 
operation will originate. 

He said be did not know how 
long it would takeU.&forces to 
complete their mission, which 
he estimated would cost $100 

“This is months, not weeks, is 
the best I can say now,” he said, 
adding that he planned to seek 
a supplemental appropriation 
for the relief effort. 

General Jack Nix, who will 
be the senior commander in Af- 
rica, said be was determined not 
to plunge in in a slapdash way. 

“The tendency is to rush 

headlong down there,” said 
General Nix, who joined the 
briefing on Mr. Perry’s plane 
“But if we do that I may have 
soldiers standing around not 
really able to help." 

General Joulwan said the op- 
eration “dwarfs” the relief ef- 
fort established to help Iraq’s 
persecuted Kurdish minority 
after the Gulf War. 

The relief mission in Somalia 
involved many times more mili- 
tary personnel than the number 
anticipated for Zaire. But in So- 
malia, U.S. forces were there to 
protect distribution lines, not to 
actually distribute food and pu- 
rify drinking water. 

RWANDA: U.S. Begins Air Drop CXJNTON: Should Intervention Have Come Sooner? 

Continued honP^el 

ter city in Rwanda, to witness 
the return tide erf Hutu who had 
crossed the border illegally in 
the previous two days. 

Stretched out at irregular in- 
tervals ware between 1,500 and 

Mitterrand Salutes Airlift 

The Associated Press 

PARIS — A smiling Presi- 
dent Francois Mitterrand left 
the hospital Sunday, six days 
after undergoing urinaiy tract 
surgery, ana thanked the Unit- 
ed Stales for having launched 
an airlift to aid Rwandan refu- 
gees. Mr. Mitterrand, who has 
prostate cancer, bad the opera- 
tion to remove tissue blocking 
his urinaiy tract. Doctors say he 
is recovering “perfectly." 

2,000 refugees trud g i ng bade 
home after paying Zairian 
troops at the border the equiva- 
lent of $130 a head for the 

In marked contrast to the of- 
ten zombieKke state erf Hutu 
refugees still in Zaire; most of 
these returnees appeared in 
good spirits, with occasional 
smiles and waves of die hands 
to the rare vehicles traveling 
along the road. 

Faustin Nzabomma, a 30- 
year-old merchant, stopped 
long enough to explain that be 
was waDdng borne “because the 
war is over and I am afraid of 
catching cholera.” 

Like other returnees, he left 
Ms family — his wife and two 
children — bade in Goma. 

Confined from Page I 

da the fust test of the restrictive 
les adopted by the presi- 
lt to regulate U.S. involve- 
ment in peacekeeping missions. 

“We cannot solve every such 
outburst of civfl. strife or mili- 
tant nationalism simply by 

speedy intervention could have 
halted the worst of the genodd- 
al massacres that began in 
Rwanda within hours after the 
country’s president, a Hutu, 
and his Burundian court 
were killed in a plane 
April 6. 

Much of the killing now ap- 

sen ding in our forces,” Mr., pears to have been planned, and 

Clinton said in a speech at the 
Naval Academy in late May. 

Administration officials say 
it is the United Nations, not the 
United States, that should have 
done more to muster a force 
that might have helped 
fid on Rwanda’s violence, 
say that with the possibility that 
U.S. forces wiD be sent to Haiti 
and Bosnia, it is time for other 
countries to bear more of the 
peacekeeping burden. 

It is not dear that even a 

pled with such fury, pin- 
down the Belgian troops 

it erai 

who were already there, that 
even critics of the U.S. and UN 
response say that Western 
forces would almost certainly 
have been limited in their abili- 
ty to stop iL 

Even now, some who believe 
that even a refugee crisis would 
have been hard to avert point 
out that most of the 12 million 

Hutu who have flooded into 
Zaire in fear of Tutsi conquer- civilized nation to have chaos. 

ors left zones controlled by 
French peacekeepers who took 
up positions in western Rwanda 
last month. 

But among human rights ex- 
perts at the United Nations, in 
Congress and even within the 
administration, a more widely 
bdd view is that in leaving 
Rwanda a vend for so long after 
the killing started, the United 
States and its allies squandered 
a real chance to check the 
mounting terror. 

“There is a slowness, a slug- 
gishness, an unwillingness to 
plan,” complained Representa- 
tive Tom Lantos, a California 
Democrat. He said that coun- 
tries who saw little gain in inter- 
vening in Rwanda should have 
recognized that “it is not in the 
selfish national interest of an£ 

f !Wi 

Kjcnu Dobmy/Reulro 

STORMING THE GATES — Youths tried to scale 
fences around 10 Downing Street as violence flared in 
London daring a protest of a proposed criminal justice 
ML Critics say the biH wifl abridge civil liberties. 

even cover the cost of transpor- 
tation to work. . 

The intellectual isolation is. 
stifling. “Did you bring some 
newspapers?” a professor asked 
a visitor. University staffs have 
not seen journals in their fields 
for four years. 

Foreign newspapers, maga- 
zines and books are nonexis- 
tent. No one goes to the movies 
because there are no new films. 
Locally made TV satellite dish- 
es are confiscated by the police. 

And while their Arab neigh- 
bors watched the World Cup 
live, Iraqi soccer fans had to 
wait a day until the state-run 
television pirated a tape from 
satellite transmissions and ran 
it past the censors. 

The U.S. soccer team was 
shown — both winning and los- 
ing — but games involving the 
team of Saudi Arabia were not 

Crime is soaring. The ambas- 
sador from Djibouti was shot 
and wounded on a Baghdad 
street by thieves who took his 
car. He recovered, but several 
travelers on the main highway 
from Baghdad to Amman, the 
Jordanian capital, have beat 
killed in recent holdups, resi- 
dents said. There also have been 
robberies on the main highway 
to the southern dty of Basra. 

The slate health-care system, 
once one of the best in the Mid- 
dle East, has broken down. In 
1989, government facilities per- 
formed an average of 15,125 
major operations a month. In 
1993, the average was 5,205. In 
May 1993, 1.500 cases of ty- 
phoid were reported. Last May, 
there were 2,670. 

According to a recent U.S. 
Agriculture Department report, 
food imports have dropped to 
about one-third of the prewar 
level, and the UN Food and 
Agriculture Organization esti- 
mates the average Iraqi diet 
contains a third fewer calories 
than in 1990. 

What saves people from star- 
vation, and the government 
from food riots, is a rationing 
system that provides citizens 
with about 70 percent of their 
minimum requirements. 

Iraqis must buy the rest of 
what they need on the market. 

The government has banned 
the sale of alcohol, closed down 
disoos and bars and decreed 
that the punishment for car 
thieves, currency-exchange vio- 
lators and farmers who refuse 
to sell produce to the stale 
would be amputation of a hand. 

MIDEAST: A Prospect of Israeli- Jordanian Peace 



to end corruption and 


Senegal Grants Asylum to Gambian President Ousted in Coup 

CanspUedbf Our SuffFrem Dfrmdvs 

DAKAR, Senegal — TJe 
ousted Gambian president, air 
Pawda Jawara, arrived Sunday 

in Dakar on a U.S. warship and 

Senegal said it had granted him 

events oi July 
22. Senegal, true to its tradition 
of hosphafity. has tft 

grant political asylum 




Dawda Jawara and his family,” 
said a government statement 
broadcast on state radio. 

The 70-year-old leader took 
shelter on the Ui>. Navy tank- 
landing ship La Moure County 
in Banjul after troops rampaged 
through the capital on Fnday. 

A provisional ruling council 
of four army lieutenants has 
since taken power , in Banjul, 

a mainly 
eminent soon. 

Sir Dawda fled to the ship 
while it was on a courtesy call to 
Banjul. He wait aboard as 
Gambia's 800-man army staged 
a remit, apparently to demand 
bade pay from peacekeeping 
duties in Liberia. The military 

declared Saturday that it had 
seized power. 

The leaders of the coup start- 
ed talks Sunday to form a provi- 
sional government as daily life 
in the country slowly began to 
return to normal, but the tiny 
West African state remained 
cut off from the outside world. 

The four young, unknown 
coup leaders named Lieu tenant 

Yaya J amm eh as their leader. 
The group urged public officials 
and the police to return to work 
Monday and asked the deputies 
of deposed ministers to take the 

Earlier, they suspended the 
constitution and political par- 
ties in the country, which has 
been a multiparty democracy 
since 1951. (Reuters, AFP) 

Continued from Page I 

pans of the West Bank — terri- 
tory Israel captured from Jor- 
dan in 1967. 

Egypt, the most populous 
Arab country, made peace with 
Israel in 1979. Now, with Jor- 
dan coming aboard, the only 
Arab neighbor still refusing to 
accept Israel’s legitimacy is Syr- 

Mr. Christopher spent most 
of his time in the Middle East 
last week in an inconclusive ef- 
fort to unravel the stalemate 
Nocking progress toward a Syr- 
ian-Israeh peace accord. 

Youssef M. Ibrahim of The 
New York Times reported earlier 
from Amman, Jordan : 

When Jordanians refused to 
heed calls by Muslim militants 
to observe “a day of mourning” 
to protest last week’s meeting 
between the Israeli foreign min- 
ister and the Jordanian prime 
minister, it signaled a general 
reluctance among Arabs 
throughout Lhe region to con- 
tinue working against peace 
with Israel. 

“It’s snowballing; there is no 
way to stop it anymore,” said 
Bassam Abu Sharif, a former 

senior aide to Yasser Arafat 
and an early advocate of peace 
with IsracL 

Assessing the reaction among 
people in Jordan and elsewhere 
in tne Arab world, Fahd Fanek, 
a Jordanian economist and 
newspaper columnist, said: 
“Those who rqect peace must 
offer an alternative, which can 
only be war." 

He added: “Wars have prov- 
en catastrophic for the Arab 
world. Call it a new mind-set; 
call it realism. These are the 
new facts of life." 


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: W1io Bears the Burden 
^ Policy Adjustment? 

By Carl Gewirtz 

■ Immmonal Herald Tribune 

-IB —More thaa a decade after gpvemmeots seriously 
, De^ii nberalizmg and. deregulating finanwai 

- . I nuricets, a new monetary order is taking shape — one 
4 “™T w ii ere a heightened threat erf contagions instability con- 

trahis governments to follow policies deemed credible m the 

; Obviously, history is rife with periods of- market t urmo il that 
save required governments to change policies. The most recent 
sample was the 1992 exchange-rate crisis that resulted in the 
leva] ua don of sterling and the ■ 

* ua. A decade earlier, repeated > « i » 

Evaluations of the French ^ privilege Of 

government’ is being 

a their right-wing opposition, squeezed away. 

The so-called external con- J 

traint has always existed. 

What *s new, however, is the speed with which markets react 
ind the ins t an taneous transmission across borders. What's more, 
he United States — whose insulation from such try unctions so 
nfuriated the French in the 1960s — is as obliged as any other 
• tation to keep faith with investors. 

This is the result of several trends: the int wmitir y naiirarirm of 
capital movements, the revolution in information systems and 
x) mm uni cations technology, and the innovation in financial 
■ products — notably the complex hedging instruments used to 

- iefray the risk of changes in interest or currency rates, or prices of 
;tocks or commodities. 

The volume and speed of the capital flows and the increased 
' ntegration between markets spreading contagion in unexpected 
- . ways mean much less tolerance for governments pursuing policies 

• that are deemed to be unstable. 

; While much official attention has been focused on ways to 
. harness the interaction of markets through possible controls on 
-the new financial instruments, no less an expat than the head erf 
the Basel-based Bank few International Settlements has waned 
that policymakers are looking at the wrong end of the problem, 
r- “Credible policies,'' said Andrew Crockett in the BlS annual 
report, are what’s needed. “What capital market innovations 
^demonstrate is the need far stable monetary policies, implemented 
“*in a medium-tain framework.” 

‘ & Elaborating in an ioterview, he added: “It means that govem- 
— .ment will have to deal with unwelcome developments by making 
sure economic fundamentals are correct and mutually consistent 
across countries — and that can’t be bad.” 

Richard O’Brien at American Express Bank in London puts it 
more pithily: “The privilege of government is being squeezed 

Alexandr e Lamfalussy, who heads the European Monetary 
See POUCY, Page 9 

Is Russia’s ' Pyramid ’ Collapsing? 

Uncertainty Plagues Nascent Investment Industry 

By Fred Hiatt 

WmbmgiM Past Service 

MOSCOW — In their anxiety and 
greed, naivete and paranoia, (he thou- 
sands of investors who besieged Russia’s 
best-known stock Fund Saturday to cash 
in their shares captured perfectly the 
f ragili ty of capitalism here — and its 
penetration into every layer of society. 

For months now, the favorite sport in 
Moscow has been malting money out of 
thin air. Grandmothers line np for hours 
for the privilege of pooling their savings 
into banks mat promise 100 percent 
monthly returns, and engineers quit their 
jobs to seQ and buy investments of un- 
certain wtnrdt. 

For months, too, economists have 
been wanting that a pyramid built on air 
most eventually collapse, and that the 
collapse could have grave consequences 
for Russia’s fledgling democracy. They 
have warned that in Russia’s immature 
and barely regulated securities market, 
many funds are not investing in Russia’s 
newfy privatized industry but are amply 
plowing money into television advertis- 
ing to attract new clients. 

“ Russian basks and speculative finan- 
cial c ompani es are living through a real 
boom,” co mm entator Irina Demchenko 
said in the newspaper Sevodnya. “But the 
expectation of catastrophe is in die air.” 

Saturday’s run on the MMM stock 
fund was prompted by government 
warnings Friday about the fund’s stabil- 
ity, and it seemed to presage the financial 
crash and panic that many experts have 
been predicting. 

But the 2,000 or .more people who 

lined up stopped short of panic, patiently 
opting to stand in Hne overnight if neces- 
sary rather than sell their shares at a 20 
percent discount to free-lance stockbro- 

StiH the makings of many persona] 
tragedies were evident throughout the 

The ran on the MMM 
stock fond, prompted by 
government warnings 
about its stability, seemed 
to presage the financial 
pani c that many experts 
have been predicting. 

closely packed line. Lyudmila Andro- 
pova, who said she was dose to retiring 
from her $140-a-month accountant’s job, 
arrived at 5:30 A.M. on the first Metro 
train to try to cash in her stock. She had 
put all her savings into MMM a month 
ago, she said, ana will be penniless if she 
loses her investment 
Tatyana Bozhenova, 42, said she knew 
there was no point in standing in line, so 
she was simply watching the scene in 
fear. Her son and daughter-in-law, aged 
25 and 23, who live with ha, had bor- 
rowed 32 miDion rubles (about 516,000) 
from a bank at 35 percent annual interest 
and placed it all with MMM, hoping to 
double their money in a month so they 
could buy an apartment in Moscow and 
move out on their own. 

Now, she said, if they cannot repay the 

bank, “we will have to sell our granny's 
one-room flat” and have ha move in as 

With a slkk and relentless advertising 
campaign promising huge returns and an 
easy life, MMM lots become the best- 
known of the many investment funds 
that have sprung up since Russian priva- 
tization began less than two years ago. 

And until now. it has delivered on its 
promises, giving its investors returns of 
§0 percent a month and more. 

But Friday, the Finance Ministry is- 
sued a warning agains t dubious financial 
instruments, including those of MMM. 
At the same time, tax inspectors levied a 
fine of 50 billion rubles against an 
MMM subsidiary, moved to close two 
provincial MMM offices for alleged vio- 
lations and accused MMM*s director. 
Sergei Mavrody, of threatening them. 

Many of those in line Saturday said the 
government was simply trying to defend 
state-owned hank^ which pay much low- 
er interest and have been losing custom- 
ers. But even many of MMM’s customers 
said they believed the great returns could 
not last forever. The tuck, they said, was 
in knowing when to get oul 

“It’s a pyramid, and my big wish is to 
get out before it collapses,” said Marina 
Leditina, who wore running shoes and 
white sailor's pants and described herself 
as a mistered securities deala. “But I 
don’t trunk it will collapse yet.” She was 
offering to sell her shares at 95,000 rubles 
ffleh and finding no takers. 

When the pyramid does collapse. Miss 
Leditina added. “There will be a serious 
social explosion. Our society is pretty 
edgy as it is.” 

China Appears 
To Ease Up on 
GATT Deadline 

Economists See Risk in U.S. Rate Rise 



Greenroan, the chairman of the 
Federal Reserve Board, says he 
does not see much of a risk of the 
economy being by a 

further rise in interest rates, but 
same economists are not so sure. 

They point to ages that the 
ec on omy is slowing — from 
falling boosing starts to rising 
inventories — and worry that 
the Fed may go too far in its 
drive to stamp oat inflation and 
snuff ont growth instead. 

“The risk is that the Fed will 
end up tightening excessively 
and slow the economy more 
than necessary to keep inflation 
in check,” said Bruce Steinberg, 
an economist at Merrill Lynch 
& Co. 

In testimony to Congress last 
week, Mr. Greenspan left open 
the possibility the Fed might 
raise rates and made clear he 
was far more concerned about 
fighting inflation than he was 
about supporting near-term 
economic growth. 

“It is an open question 
whether our actions to date 
have been sufficient to head off 
inflationary pressures and thus 
maintain favorable trends in 
the economy,” he said. 

The central bank has already 
raised interest rates four times 
this year to prevent the econo- 
my from overheating. 

Economists saw signs that 
the Fed’s medicine is working, 
and some warned that more 
rate rises could prove overkilL 
Those signs included news 

last week that housing starts fell 
nearly 10 percent in June and 
that unemployment claims 
jumped sharply in the middle of 
this month. 

Despite economists' fears, 
German finance minister, Theo 
WaigeL said on Sunday that 
economic developments in the 
United States also pointed to 
recovery in the dollar, which 
had fallen to postwar lows in 
recent weeks against the yen 
and Deutsche mark. 

Compiled by Ow Staff Fran Dupaches 

BELTING — China warned 
Sunday that U.S. intransigence 
could undermine talks regard- 
ing its readnuttance to GATT, 
but at the same time appeared 
to soften its previous stance 
that it would shun GATT per- 
manently if not allowed back in 
this year, the official China 
Daily reported. 

Officials from the Ministry of 
Foreign Trade and Economic 
Cooperation, who left Beijing 
on Sunday for a meeting in Ge- 
neva, said they still hoped Chi- 
na would be readmitted to the 
General Agreement on Tariffs 
and Trade this year. Bui they 
added it was likely that the date 
would be postponed to July 

“We just want fairness ” they 
were quoted as saying. 

Separately, the World Bank’s 
chief official in China said the 
nation’s overheated economy 
would slow down to a “soft 
landing” with strong, stable 
growth, the China Daily said. 

This month, China gave an 
ul tima tum that it would go its 
own way if the Geneva meeting 
on GATT membership, which 
begins Friday, rejected its latest 
package erf concessions. 

“GATT can take it or leave it, 
but it’s final,” a Foreign Trade 
Ministry official, Li Zhongz- 
hou, said, makin g clear Beij- 
ing’s demand to be readmitted 
in time to become a founding 
member of the World Trade Or- 
ganization that will succeed 
GATT on Jan. 1. 

China was a founding mem- 
ber of GATT in 1947 but with- 
drew after its 1949 Communist 
revolution. It applied to rejoin 
in 1986 after starting market 

Chinese officials said they 
did not expect any major break- 
throughs at this week's meeting, 
blaming Washington's insis- 
tence that China rejoin GATT 
with the obligations of a devel- 
oped country. 

“There is no argument on 
that ” one Chinese official was 
quoted as saying. “China will 
not rejoin GATT as a devel- 
oped country.” 

The official rejected Washing- 
ton’s view, reiterated here ova 
the weekend by Deputy U.S. 
Trade Representative Charlene 
Barshefsky, that China ’s status 
as “an export powerhouse” 
meant it should not be accepted 
as a developing country. 

The China Daily said Miss 
Barshefsky’s remarks bad “vir- 
tually closed off the possibility 
for future talks between China 
and the United States" on the 
issue, urging both sides to be 
more flexible. 

Meanwhile, Pieter Bottelia 
of the World Bank said China 
had made significant progress 
this year toward cooling down 
investment fever, reducing its 
trade deficit and increasing for- 
eign exchange reserves, the Chi- 
na Daily said. 

(AFP, Bloomberg) 

Beijing Says 
It WiUBack 
B ig Returns 

Bloomberg Busmen News 

BEUJNG — China will guar- 
antee healthy dividends for in- 
vestors who buy stock in the 
first four Chinese power utili- 
ties to issue shares overseas, ac- 
cording to local news reports. 

The government will set elec- 
tricity tariffs for the companies 
that will allow investors to reap 
an annual return of 15 percent 
on their capital or higher — if 
the companies are efficiently 
managed — a Ministry of Pow- 
er Industry spokesman was 
quoted as saying. 

frifamattona/ Herald Tribune 1 18 - ■ 

World Stock Index, composed 11? 
of 280 internationally investable 

stocks from 25 countries. 116 
compiled by Bloomberg 

Business News. 115 

Week ending duty 22, 114 
dafy dosings. • 
Jaa 1992 = 100. ™ 

North America 

Kidder Executive Quits 
Over Trading Scandal 

F M T W T 

Industrial Soctoro/Weekend dose 

-jiLtiia % luJJm ffUME * 

dS? iW eta- dam 

Energy 112^0 112 j04 *023 Ca pital Goods 115421 14.3(1 -4098 

UtHtttes 119.79 122^2^ Rw Materials 

Fin ance 116.54 119.90 -2-80 Consumer Goods 9M0 9aj1_-0.81_ 

Services 11 B.93 120£3~~-dS2 Miscellaneous 128£8 128.15 40.41 

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rH ian* 1308 _ ... fnftf f «*M.- Bonea ammerehle ilaUam 

By Sylvia Nasar 

New York Tima Service 

NEW YORK — Edward A. 
Cerullo, die No. 2 executive at 
Kidder Peabody & Co„ has be- 
come die latest person to be 
brought down by the $350 mil- 
lion trading scandal that has 
engidfcd the brokerage firm 
since ApriL 

Mr. CeniDo, 44, resigned Fri- 
day before the release of an in- 
ternal investigation that is ex- 
pected to blame him and other 
fodder officials for failing to 
properly supervise Joseph Jett, 
the forma head of the firm’s 
government-bond trading desk. 

Mr. Jett, wbo was dismissed 
in April, was accused of creat- 
ing hundreds erf millio ns of dol- 
lars in phony profits that 
caused Kidder’s parent compa- 
ny, General Electric Ccu to re- 
port a $210 ncnBian charge 
against its first-quarter earn- 
ings, Mr. Jett has denied airy 

In a statement, Mr. Cerullo 
said, “Given the events of re- 
cent months, I believe new 
management is best served by 
. having its own team in place.” 

Mr. CeruDo's resignation had 
been widely anticipated. As the 
head of the fixed -income de- 

Bond Market 
Is Hurt Least 
In Portugal 

Bloomberg Bminen News 

NEW YORK — Portu- 
guese government bonds 
are faring best in a bad year 
for the world’s bond inves- 
tors — - they’ve fallen the 
least among 18 maior gov- 
ernment brad markets. 

Portuguese bonds lost 
0.21 percent in local cur- 
rency terms through Fri- 
day, followed by Austrian 
and German bonds, which 
lost 0.48 percent and 0.94 
percent, respectively. 

The losses axe based on 
interest income, reinvested 
interest and price changes 
for government securities 
that matur e in more than 
one year. 

• . Swedish bonds fared the 
worst, losing 10.66 percent 
through Friday. Other lag- 
gards include Canadian 
bonds, which lost 8.06 per- 
cent, and Finnish bonds, 
which lost 730 percent. U.S. 
bonds lost 3.98 percent 


’ N. WV. '‘“'-Vi 

partment who turned Kidder 
into a trading powerhouse, Mr. 
Cerullo hired Mr. Jett and 
championed his promotions. 

Some people dose to Mr. 
Cerullo said he decided to re- 
sign after discussing the re- 
port's preliminary conclusions 
with senior Kidder executives. 
The internal investigation ab- 
solves Mr. Cerullo of complic- 
ity in a trading scheme, but it 
raises questions about Mr. 
Jett’s bhang, promotion and su- 
pervision, according to people 
familiar with the report. 

Mr. Cerullo, who joined Kid- 
da in 1979, will be replaced by 
Steven Baum and William 
Watt, both longtime Kidd e r ex- 
ecutives and forma traders. 

May Find All 
Is Not Lost 

By Kurt Eichenwald 

New York Tima Service 

NEW YORK — Purchasers 
of limited partnerships from 
Prudential Securities may get a 
second chance to get their mon- 
ey back, even though they 
waived their right to seek com- 
pensation for losses resulting 

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living M. Pollack, the admin- 
istrator of the compensation 
fund that was established for 
investors in Prudential partner- 
ships, is opposing the fixm’s ef- 
forts not to pay claims of some 
investors who had signed forms 
releasing the firm from liability, 
according to the fund’s quarter- 
ly report. 

In the report, filed last week 
in U.S. District Court in Wash- 
ington, Mr. Pollack raises the 
issue of the so-called general 
release. In some cases, the firm 
required investors to sign such 
releases as a condition of set- 
tling a angle partnership. 

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sated the investor for losses in 
the one partnership, but die 
general release absolved the 
firm of responablity for losses 
in any other partnerships the 
investor migh t have had. 

Several plaintiffs’ lawyers 
have criticized the general re- 
leases, saying that in exchange 
for small amounts of money. 
clients had unwittingly given 
away their ability to recover 
modi of their losses. 



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Fp Name Lay} Gh44 

AAL Mutual: 

Bond p 9.S9-.Q3 
CaOrp 14.13 —05 
MunBdn 1055 -.01 
SmCcSlk 9XQ -.24 
Utilp 9.54 -.03 
BatS&Bn 142D — J33 
CapGf n 30.91 -A3 
GinieMn 14-86 —.07 
Gtwlncn 3306 —.14 
HQBdn 1573 — 02 
T«FBdn 17J9 -A3 
AST Funds: 

Biters p 17-67 —AO 
R.HI 10.16 -0] 
R.TF 1079 + 03 
Gwfhlno 1038 -.07 
Utillncp 1122 —04 
APLsCcvn 978 -.07 
AKA Funds: 

Bolann 1102 

Fufl MO— 02 

Lim 10.10 —HI 
AIM Funds: 

AdCvp 7.62 
Agrivp 74.12 —46 
BdAp 1570 -.10 
Ba»l 1520 —.11 
Chert p 070 -.05 
Const) o 1627 — 3. 
GoScp 921 —.04 
GrthBt 1012 -.17 
Grltip 10.19 —.16 
HVMAO 9J4 + 01 
HYWBt 933 
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IrtttE p 1Z.98 —03 
LimM p 9.93 —oi 
MuBP 8.13 —AT 
Summit 9.07 —15 
TeCTp 1069 -Hi 
TFInt 10 63 -HI 
UWp 1729 —.03 
UtilBt 1749 —.03 
VduBI 2058 —21 
VdU P 20.60 — 20 
Wei no P 1151 —30 
AdlMtg 9 83 —HI 
intMlgn 9.44 —.01 
InflUan 1053 -H2 
MteSecn ulio — H3 
ARK Funds: 

CapGrn 9J7 —.18 
Grincon 9.9S — H9 

Income 9jd 
ASM Fd n 940 —.04 

Balanced 7495 — H5 
EqGro 18HS -.10 
Eqlncom 1403 —06 
Income 1438 
Accessor Funds: 
IntFxInn 11.49 —HI 
AccMarfgH.70 — 07 
ShtlntFv 11.90 —01 
Acomln 1 181 —.10 
ACmFd 1303 
AOsnCaP 19.84 —.19 
AOvCBdP 9.96 —04 
ABvCROtP 904 —.01 
— 1 Ad*aut 

np 8.98 —HI 
>rw 1410 *.01 
HYBdP 474 -HI 
incorro 1223 — H4 
MuBdNat 921 -HI 
Spd np 19.13 -20 
Aetna Adviser: 

Aetna > 1044 — H4 

CrMavn 110.76 — 07 
InttGrl 11 09 +.12 
TaxFree 9 J3 * B2 
Aetna Select: 

Aetna n 1045 — H4 
AsianGm 451 - .09 


1022 + 01 

EauilY 1027 -.01 
wth, Eqlnde* 1022 —03 
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American Funds: Mutln JAg-J4| 

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T/ExCAoiSJS +.01 TaFUN 1626 +H3 
T/ErMD P14.92 - TxF VT 1529 -H4 

TxExVAplJAO -HI USGcrr 14.01 —HI 
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AHeritq n 1H9 —03 GvinA 12H6 — .01 

FLng 1626 * H3 
F VT 15lB9 -H4. 

Amer Natl Funds 

GwtrtA 1618 —26 

Growth 616 —HI IncGrA 1524 

Income 71.11 —10 MuIncA 1663 +.01 

Trifle* 15.11 —,0S CanGrQI 1652 — H7 

API Grent 11.98 —IS GvlnBt 12H7 — HI 

| Grp Name may 
Fa Name Last One 

PG Investor: I 

Equity 1412 —.13 < 
Gcvtlncpx 963 —05 
LTGovtx 9.64 _H5 
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Convlt 1043 *H1 
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Euro I 1165 —06 
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GftOtvt I1J4— H4 
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| FedSecl 499 —02 
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PrcMf TOHI +.11 
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^ ^625 -07 


□Sll 645 —04 
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Ddcapo 73 .ni J7 

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stRwp MAI 

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IndMptr 2224 -H8 MMths 9.97—19 Bondn 1406—02 
Insurr 1978 -.14 GttHilp 11.94-25 GOvtWn M3 —01 

Leisrr 37.97—17 GcWp 1421—13 Grwffin 92? 

MedOelr 19.91 —10 Growm p 1424 — HI mcGrn 926 

War 9.92 — JOB HTTFp 1479 . W«Eg 11.77 -HS 

Paper r 1908 -Jf HlMuBdplOJ2 -07 UjQ-A 

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Gwmnp B.03 —07 
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MonS=n 1070 -.01 
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FAMVdn 1978 + 07 

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Highln m 1124 -.03 I NY Tax p 1166 •«, GrlncD 1172 -05 . 

IntfWjn 900 -01i NCTFp 11J9 +07 IfltFdn 1320 —12 

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14 f AD Mum 9.63 -03 PATFp 1417 R«gvpn 9.97 -HI 

Mutlnr Itun -HI! PrernWft 623 - Value n 1489 —.10 

Munmr 10H3 -HI! PremWft 623 - Value n 1489 —.10 

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NYHYm i(L23 -HI [ SI Gov 10.14 —03 ; Ides 1721—29 

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CAPlF 924 
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AstAflp 1427 —02 GtobCur 01189 — .14 DiSOJV p 1075—24 

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F BkUpT : 1826 —06 
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WYSdf 1400 

Monad t 1168 

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1 Fedfncp 405 -.01 

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I HJYdTEp 446 
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Corvt I2J4 +.01 
CrpSdl 7.75 -.01 
Eqldx 1176 —04 
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-r~c ins - 02 . GrPtMt P 528 —09 
CATF_ « imn 1191 

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11 Jt —23 

872 —03 
1922 —11 

873 + 
1864 — 06 
1405 —02 
1020 —II 

TreoiAp 927 —HI 
TxUSAp 1202 
TxlrtsAp 1498— HI 

TtfdAP '§28 -HI 

‘STi^ 1 

USLra 1460 -03 
USSmi 829 +H1 
US 6*10 n 11.17 —03 
Japan n 3921 -60 
UKn 2150—12 
Contn 1547—16 
DFAREstieH7 —17 
Fixdn 101.13 +.02 
GIBd 98.19 —29 
Govtn 100H9 —17 
Into* 10449 —.09 
knt1H8M 1201 —04 


USLgVd 1428 *H1 
USSmVDl 1164 — 03 

BOonn 4566— .10 
Incomen 11.11 
Stock n 5368 —.17 
DomSockU 1201 —06 
Dremor Funds: 

Contm 1370 —15 
HiRtn 1SH1 — 22 
SmCpVei nl 098 — 1 0 

D jr&5d n 1X82 —03 
Aprocna 1457 *01 
Asset All n 1262 —Ol 
Balncd 1322—03 
CafTxn 1454 +H1 
CaUnt n +.02 
CTIntn 12.96 +02 
DTOVfus 1102—07 
EdHInd 1124—02 
FLIntn 1306 +03 
GNMA np 1430 —02 
GnCA 13.13 +H1 
GMBdP 1460 
GNYp 1964 + 01 
Grlncn 1624 
GwthOP n 10.19 —03 
lnsMunnp1769 +H1 
buermn 1300 
InterEetp IS 13 —16 
InvGNn 1457—05 
MAIntn 1208 
MA Tax n 1554 —HI 
MtrtSdn 1225 
Njhun 1309 +02 
KJMunn 1304 -Hi 


ShlrtGvn 1007 —01 
ST Inc on 1170 —HZ 

TThCoSrn’766 —13 

Am P erku m 
Band 9J1 
EauifV 1125 

GwfftBt 1406 —25 
InCGrBl 1524 — H3 
MulncBI 1465 +.01 

IntBd 1020 — 02 CapMkldxn1078— 06 
IntmTxF 10 JS +.01 CaPP idO Rushmoro: 
AmUflFdn 19.94 -.03 EmeGrn 1454 —sn 
AmwvMut 771 —.04 Grwm 1127 —13 
AnoMSnTGv971— HI Capp*«iUfl 463 - .01 
Anatyficn il.Tfi . Capstone Group: 
AnChCcc 1958 — 24 FundSW 1502 — 25 
AntttmGr npl06B +02 GvtlnC 401 
Aouita Funds: MedRs 17.17 —02 

AZTF 1425 +02 NZtond 10.96 +.19 
CO TF 1419 +.01 NJapan 8J7 —27 
HI TF 11.15 + 01 US Trend 1X66 —07 
KYTF 1435 +.01 canllital FamUy: 
NroreUTF 952 +.02 AsgGIh *27 +JB 
ORTF 1434 +OI BttoKEd 904 
TxFUT 960 + 01 Fund 1257 + 05 
Aminas FUnde GovtOfcijp BJJ7 — HI 

Balanceri 969 —03 CorilCa 1206 
Eqincn 957—01 camegOHTE968 — hi 
F xlncn 952 —02 Centura Funds: 

Arch Funds: EoGtmC n 962 —20 

Bal 971 — HS FedSinCn *.96 —03 

Em Grth 11J7— 06 NCTFn 9.9S *.02 
GavCarp 970 —.01 CenlumGP 877 +04 
Grnlnc 1272 -.10 CrtrrvShrn 2279 -03 
MoTF 1109 + 02 SrCooBC 1101 —03 
US Gov 1022 —01 cheeGriti 1222 —29 
Armstnen 829 + 07 CHesTnt 14357 +74 
AtlantaGr p 1479 *03 OticAWwn 144.15 
Altos Fwxk: ChubbGrln 1579 — 15 

CAInsA 9.99 +05 ChuttoTR 1422 —10 
CaMuniA 1004 +02 cooper n 4778—66 

COMuniA 1004 +02 diaper n 4778—66 
GvtSecA 9.84 —03 Cotankd Fuads: 
GralncA 1347 +.03 CcfTE A 7.05 +.021 
, NaMitoiA 1005 +H2 Cart TEA 728 +H1 
BB&T Funds FedSec 1423 —02 

BafTrn 900 —01 FI. TEA 72B +02 
GrolncT nllO' 

FI. TEA 728 +02 
FurtdA 7.98 +02 

Tn 968 —02 GftlEqA 1227 —04 

NCIntTBn 905 

- GrwttiAp 1369 —08 

SIGovTn 969 -02 HiYWA 656 +H1 
3EA Funds incomeAp6.15 

EMkEt 2121 —13 IntGrA 1020 —01 
IfltlEa 1965 —21 MATxA 157 +01 

MuniBd 14.98 +H1 Ml TEA 602 +02 
SfitDurOtrUW _ MN TEA 6.99 +H1 
ShtOurlnv n4.93 - NatResA 1274 + 04 

StoFxIn a 1569 —07 NY TEA 609 + HI 
USCFxIn 1458 

USCFxIn 1458 —03 OhTEA 7.10 +H1 
BFMShDu n 973 — 02 SmSIkp 1709 —06 
BJBGlAp 11.18—07 SlriliKA 600 —02 
BJBlEaA p 1127 +.13 TxExAp 1108 +H1 
BNY Hamflkn _ TxInsAp 7.98 +H1 
Eqincn 1473 —04 USGrA 1162—04 

IS-*. Bg} 

Oabsan Gram CAT6B1 7J» +02 

Bond Ln 152 - CTTEBt 728 +HI 

Band 5 n 9.72 —H2 FedScBI 1023 — 02 
Enlerp2n 1670 — 10 FLTxBI 728 + 02 
Enrrpn 1621 +.03 FvndBt 777 +.m 
Gwthn 1203 +H2 G8)EaB 1224 -_H4 
ina 1665 — Ofl G+riWt 1364—08 
Shadow n 960 — .04 HYMuet 978 +HI 

n 9.72 -02 
?" 1621 T'u 

" iSS^S 

CaoApp 11.14—02 
Fxdln 9.93 —01 
IntGv 9.93 —HI 
SeJVatoe pi 1 53 — 03 
SmCoGr nllL76 —21 
FFB Ea 1416 — m 
FFBNJ 1452 *M 
fftw Funds 
US Short 972 —HI 
WWHedg 953 
WWFxfflTI 923 

FxdJncn 1459 +H1 NY Mun nplH3 _ Otiiop 525 

GovBdn 9.09—01 US Gov n 169—02 PracMIP 773 —13 

mtlncn 966—01 GAM Funds; Pragresp 665—02 

Irtoinstn 1400— .11 Gtabai 13X19—362 SetaClp 804—02 

Ltd Inc n 9.87 +01 Inti 18976—460 Stock p 19.18—02 

MtoSecn 963 +H1 Pt^as 1B6.90— 4J5 StrAoqt 1328—22 

MunB can 1041 +H2 GEBhtoS&Sc StrEar 9^ — Ol 

RegEoln 11.96 +07 Dtversttnlisa — H3 Strtret 5.98 —01 

- n 1671 +.12 GktooJn 1604 +H5 SJrSTt 78 

1625 ♦ HI incornen 1079 —03 SirW&t 566—06 

BrMulWd: S&SLrwnlOTi —03 TEBndp 385 +01 

.12 GSobPJn 1604 +H5 

Stolen 1625 ♦ HI toccxnen 1079 — 03 . „ 

Fust Amer Muturd: SULngnlDTi — 03 TEBndp 365 +H1 

DrvrGr p 801 —07 S85 PM n 3600 —05 Uffilncp 625 —03 

. I WW Fxdln 923 . 1 Eqinoop 9.50—02 TaxEx 1128 

1 DivEC-T 1129— a 
DivEI 1129—02 
LntGCp 9.92 —02 
tntGl 972—03 
MiTFp 1020 
MiTFl 1020 
Capit 19.17 -02 
Ktowlnc 1048 
PCXTTVtl 1409 +.14 
I Reran 2158 +oi 
Fairmtn 2266—47; 
FtEckjnon 1768 —OB 
Federated Funds 
ArmSSpn 965 —HI 
; Ann in 965 —hi 
E kthFdn7168 +27 
i Rgl|S n 1430—02 
FST1 Is n 874 + HI 
. FGROn 2076 -22 
FHYTn 870 +02 
Ftnsn 969 -Ol 
FIT S3 P 969—01 
1 FsiatTSn 1DJ0 — HI 
FsghtSSplOJO -01 
Fffn 2576 +09 
FST1SSP 874 +H1 
GnmtdSn 10J8 —CD 
GnmcSP 10J8 —CD 
RofSSp KUO —02 
IAATIS 10.44 +02 
MktCOP 1053 —09 
MgdAornlOOl —04 
Moddn 1403 -03 
MsdGronlOHl -05 
Mgdlnenx 978 —07 
MaxCce 1152—02 
MMcmnll.13 —11 
ShrtTenn 10.17 +H1 
US Govtn 964 —02 
STMTSSplQ.17 +01 
S6F An 1616 +02 

P E^R d ^6i —35 
Ectf+IncA 1556 
GURHC 17.13 +H9 
GovInvAp 9.14 —02 
GrwOoa p2S52 —16 
HI AAuAp 1169 +H1 
FEYklApnll 76 +.01 
IncGtp 1469 —03 
UdTTERAp97S +02 
UdTBRA 1045 —HI 
LfdTEJ 9.95 +02 
OvsecP 1198 -04 

sir^SiA 01962 —22 

Manglncp 960 _ Trusts n 3111 — 09 Munlpn 1024 +02 

FsfBastG 9.19 - GEFuodS NaAiTtP 917 —63 

FsiEatNnr 1465 —07 GtobrtC 1877 +64 Trsfp 945 

FrgFdE 1063 + 04 lnaxneCnll40 — 03 todOneGT 975 —02 
FrstFdTnt 944 —02 InlEctf) n 15.11 +45 todtStondODCP Cap; 
FlHwMu 1475 +01 SbwC IMS —03 Opparrp 1063 —02 

First Investors USEoDn 1560 — 04 SWGvtp 964 —02 

BiChiPP 1573—04 GE USE 1579 -m TRBdp 946 + 02 

Gtabtp 6.13 — 03 USEqA 1578 —63 TR Grp 1104—12 

Govt p 1479 —01 GTTtoVSfc UtvResh AS 

Grolncp 452 — 03 EqSocn 1948 +.03 RwSerOpWd; 
HahYdP 5H1 ;l TRiatln 9.99 +H1 CapGfl 11.90—13 

Income P 371 +H1 TxJ=rVAnl077 — Hi OualStk UH7 +H6 

InvGrdp 951 —03 GTGfcbat USGvtx 942 —06 

USArn 1103— H5 Amerp 1828 — 68 bnreecee 
MATFp 1148 +H1 EmMkt 15*5-16 Dynmp 973 —08 
MJTFp 1176 - ErnMIdB 1577 — 16 EmBrtfl pn!157— 68 

NJ TF p 1261 +H1 Europe p 1475 +H1 Enetvrn 1071 +.01 

OualStk V4H7 +J36 
USGvtx 942 —06 

_ Envtmn 409 —17 

NYTxFrpl422 . EuroB 1064 . Envftnn 609 —17 

PATFp 1227+01 GvtncA 877—10 Buropen 1303 +.17 

SpecSd 1121 +02 GvtncB 877—10 FlnSvcn 1549 —11 

Soil e 1470—10 GtlncAp 508 —04 Galdn 528 —09 

TmcExpt P 962 +02 Grirxfi 6.09 —03 Growitinp 5.13 

TatRetp 1121—05 HBOS 1748 — U HMhScn 31.43—53 

UtaincoP 5.12 —CD WlncBx 1)64 —26 «YkJnp 673 _ 

VATFp 12.13 +02 HJIncAx 1165—26 ErMnconpll-48 — 05 

RrstMut 826— .11 HflhCrp 1758—14 MGavn 1114—$ 

Rratomaha: Inttp 1477 —08 MfGrn 1700 —01 

Equitvnx 1066 +JD IntlB 1460-09 Lteuren2146 

Fxdlncnx 9.60 —06 Japan a 1164 —17 PocSasn 1655 —17 

SFKlnnx 9X3 —MS jooanGrB ?U4 —.17 SettncmnpAM 

FPDvAStP 1225 — 05 LntAmG 2166 — 20 ShTVBdP 944 . 

FPMuBdPllJS +62 La1AmGB3155 — JO TxFroenpl529 +02 
RrstPriorty: PacOa 1344 —05 Techn 21.92—54 

EquitvTr nl470— 06 PoclfB 1323 —04 TotRln 1775—07 

FxdlncTr 971 -02 StrotApx 1478 —.19 USGbvtnp 7H6 —01 

LtdMGv 971 —01 SfrotSx I0J9 —18 UHn 922 +HI 

First Urnore TeteB 1665 + 02 ValEq 1723—05 

BafT n 1165 — 63 Telecom 1676 +.02 trrvTrGvTB t 123—02 

BotC tn 1166 -03 Wklwp 1479—12 istEJFarrp 14J7 

BdBp 1165—03 WKtwB 1465 —12 JPMhtsa: 

EauilY rrx 1064 +H2 IntlB 1440 —09 

Fxdlnc nx 9.60 —06 Japan p 1364 —17 

FLMunlC 923 

Bondn 943 —01 

FxInBp 979 —01 ABC P 1416 + HI Dhwslfdn14QS— 02 

NCMunCt 954 
USGvtBp 925— J 
USGvICr 925 — I 
UlllityCt 9.18 —I 

£dh09 —06 
’n1066 —07 
In 968 —01 
in 961 — n 
n 147) —06 

+ .01 HYSecBI 

lnvlnlEqnl376 _ Grihn 2572—06 
InvLGvt 978 —01 IrOQIkn 1327 —19 
im/Utan 956 +oi ttdn 11.91 +oi 
lnvEalxnl434 — jd ReEEan 11.90—14 

UMBBr. 1076 -03 1424 —02 

UMBHrtn 925 _ MATxBI 757 + 01 

UMBSTn 1562—05 NafResfl 1 12.72 +J03 
UMBWwnllJB— 02 NYTxBI 669 +H1 
Value n 2566. +08 OHTxBt 7.10 +61 

m 1=1 

Irrt*=1n 824 —HB TElnsBI 7.98 ♦ HI 
BardRnS USGrBI 1155 —04 

bS^P ^79 "+H7 — i» 

BT: P ~ Balance n 1745 *03 

lnrtAStMn963 — HI ComStkn 1571 +H6 
InstEalx nlQ40 — JD Fixed n 1253 — H3 
lrrvlntTFnl4D4 +02 Govt 8.15—01 
lnvlrtEqn1376 _ Grihn 2572 —06 
InvLGvt 978—01 IrtllS lien 1327 —19 
InvUtan 954 + 01 Midn 11.91 +H1 
InvEalx n 1024 —02 ReQEa n 11.90 —14 
BtranAstn 2491 —05 Sped n 1902 —12 

Govt 1022 —01 
Gmlnc iso? —10 
Growth 1467 —09 
MunB 1327 + 61 
Compass CixXTafc 
Eqtylnco 1266 
Fxdln 1414 —Ol 
Growth 106*— 03 
tnJIEq 14H8 —10 
InUR 1041 —04 
MonBd 1040 +H3 
MJ Mun 1491 +03 
StJftM 1422 —01 
OxnpQsBe Group: 
BdSWcAp 1142 —01 
GwthAp 1227 + 05 
inFdAo 857 —02 
NWSOAp 14.1? —17 
TxExAp 745 +J1 
USGvAp *.95—04 
Conestoga Funds 
EquiTVX 1447 —08 
Incmx 1062—05 
LtdMcax 1436 -H5 
Govt 1411 —HI 
Grwth 1468 -08 
Income 944 —Hi 
TotRet 13*7 —05 
CG Cop Mkt FdK 
EmBArtkt EL33 —.16 
IntrFxn 771 —HI 
IntlEq n 1067 — 02 
InlFxn 828—12 
Lb&tw n 941 — 04 
Lo Vain 90S —04 
MtgBkdn 768 —01 
Munin 802 + 01 
SmGrurn 11.1’ —24 
SmVal n 868 —02 
I TBRtnn 766 —HI 
Cooley n 1964 

A 1159 —04 
B 1*142 —04 
i 927 —12 
>1X926 —.13 

BascVIn 1522 _l 
Fixedln 977 —01 , 
ShtTmBdn965 —01 
VI Inli 1256 —02 
Ba5cnmBc*J2J4 —.17 1 
OayFunds lost 
STYieW 929 —02 
Bondn 963 — .02 
Equity 1025 —11 
STYieldn 929 —02 
Bondn 963 —02 
EquRyn 1435 —11. 
BeacKBI 2705 -21 I 
BSEmgDbt 847 —12 
Bendunaifc Funds 
Balanced n9.75 —H2 
BandAn 1900 
EqWxAnlD61 -03 i 
FocGrAn 9.90 —.03 
InttBdAn 2441 —34 
inflGrAn 1D59 —05 
ShlDurn moo 
SIBdAn 1960 —01 
SmColA 1075 —12 
USGvAn 1943 —01 
Benham Group: 
AtfGavn 953 — Ol 
CaTFIn 1062 + 03 
CaTFlnn 964 + 07 
CaTFSn 1411 +02 
CalTFMn 9.04 +01 
Cam=Lmo64 +02 
EqGran 1175 —10 
EtxBdn 1468 —23 
GNMA n 1415 ~H4 
Goldin n 1168 +.15 
IncGran 1447 —05 
LTreasn 498 —HI 
NITFIn 1057 -.02 
NITFLn 1124 +01 
STTreas n 976 — 01 
Tarl995 n9443 —04 
Ttx^OQO n 6726 — Ol 
TorTOQS n 36.14 —07 
TorMIOn 3275 -03 
TarSOISn 2405 + .09 
TortO* n 1644 —01 
TNoten iaOl —02 
UWlncun 921 —04 
Berger Gram 

100 prt 1467 —19 

101 pn 1100—09 
SmCoGr 229 —02 

Bernstein Fds 
CvShDu n 1241 —HI 
SWOurn 1229 —02 
i mourn 1274 —sn 
Co Mun 1119 +H1 
OivMunn 13.11 +01 
NYMunn 13.14 -01 
intfVain 17.13 -03 
Berwyn Fdn 17.90 ~sn 
Berwvnlnc n 1 1 .17 — 0 ■ 
BhirudMCG1048 —01 

B3hnm Rinds: 

Batoneed 1000 

Baton* n 9.99 —04 
Eqldx 2072 — JH 
I GfBOAn 9.14 +01 
GrEqArr 921 -08 
IntBdAn 965 —HI 
kitIGrAn 1349 —07 
VcXEqBpn 12.92 — 01 
CoweStoA 1224 —10 
CoweniGrA1492 —03 

AstAlIp 1269 +06 
Eauiiyp 16.0* +.11 
ORMunNIZ24 +01 
I SpecMn 1111 +46 
CreriFonds Trust 
Bondn 941 —02 
SIBdn 966 —02 
SpEan 1458 —09 
veauen — 0? 
VAMun 976 +03 
CuFdAdirt 9.93 
CuFdST n 959 —02 
culler Trash _ 
ApvEq n 993 — 05 
Eqtylnco n 9 J5 —03 
Gdvrsecn 963 —HZ 

GfclrvA n!552 —08 
GtolnvBl 1527 — HB 
GnmaA KUB —04 
GamaBI MHJ —04 
MAMunAU62 - 
IVUMutA 1520 +01 
MuBdBt 1182 —01 
MuniBdA 1181 —01 
NCMuA 1278 
NCAAuBI 1277 
NY AflunA 1 4.1 4 +01 
OH MUA 1273 
OHMuBt 1274 * 01 
PAMunA 1606 +01 
PA MuSt 1605 +01 
TXMUA 2057 +01 
VA MuA 1602 —01 
VAMuBt 1602 —01 
Dreyfus Strategic 
OGrp 3424 —21 
Growth p 4121 +06 
Income p 1126 —JO . 
InvA 1967 —.19 
InvBT 1956 —09 


KYTF n 728 + 01 
KYSMflt 119 *01 
EB1 Fund* 

Equity p 5868 —21 
Flexp 5276 —22 
Incnmeo 4642 —05 
MUtflXP 3968 —20 
ESCStrinA 904 —04 I 
OtinaP 822 +07 
FL Ltd P 954 +01 
Govtp 921 —02 
NatSJdp *56 
NattMunp 920 +01 
Eaton VMandhac 
CALtd t 1004 *01 
China! 1177 +.11 
India 1 1008 —03 

FLLfdt 1412 +01 
MALtdl 9.98 +H1 
Ml Ltd I 9.67 
NatiLtdt 1417 +oi 
PWJdt 1005 + 03 
NYLidt 1QH8 
PALtd I 10,13 
ALTxFt 1417 +01 
ATTxFI 1022 +02 
ARTxFt 1008 +02 
CalAAunit 944 + 03 
COTjcFI 9.95 *02 
CTTxFt 979 + 01 
Eqlnt 1431 —03 
RaTxFt 1820 +01 
; GATxFI 9.75 +H1 
GcvtOSir 920 —02 
Hllnct 7.14 
KYTxFI 9HI +01 
LA TxF » 1000 +J1 
I MDTxFt 1000 
MATxFt 10,18 +01 
MTDcFt 1414 +H1 . 
MNTxFl 978 
MSTxF t 920 +01 
MOTxFt 1020 
NJTxFI 1027 +01 
NYTxF I 1068 
NatlMunf *45 +01 
NCTxF I 9.93 +01 
QHLMt 977 +01 
OHTxFt 1079 + 02 
I ORTxF! 1004 +02 
PATxFt 1028 +01 

1^'n" fsSTlf 

SfflS i§5=ff 

FtoeBy Invest 
AgrTFm 1141 +0) 

AMorGrnlia —09 


CATFn 1121 +02 
Canada n 1608 —.16 


£S? n, ££iS 

CnvSecn 1546 + 07 
DesMnvt n 1726 —11 
DesOnvli rr2704 —18 
DfeEqn 18.13—19 
OirortrdlnlL23 —.13 
DivGfhn 1)78 +02 
EmgGrorl520 —26 
EmrMkt 1647 —05 
Equhnc 3242—09 
EOI1 n 1808 —04 
EqtdX 1675 -03 

&Sfftln98J — 13 
RdeiFdn 1906 —.04 
F3ly 1046 — JD 
GNM n 1023 -02 
GtoBd 1022 —08 
GtoBdn 1175—06 
GvTSecn 971 
GroCa 2723 —26 
Griknc 2Z07 -M 
HlYld 11.95 +01 
InsMunn 1125 +03 
tntBdn 1404—01 
InterGvtn 928 —01 
IntiGrin 1759—16 
InvGSn 708 —03 
Jawmiw 1470 — 25 
Lot Am r 1X67 —.18 
UdMan 926 +01 
LowPrr 1773 
MlTFn 11J8 +01 
MNTFri 1064 + 01 
Magenan 6574 — 86 
Mkftndnr3168 —07 
MATFn 1120 +02 
MidCaP n 9.*4 —03 
Mtg8Secni048 —03 
MunepJn 779 +01 
NYHYn 1175 
NYlnsn 1125 +.01 
NewMktn 9.61 —.11 
NewMM 11X9 —21 
OTC 22.18 —.17 
OhTFn n.M +01 
Ovisean 2807 —09 
PocBasn 1909 — 78 
Puritan 1505 —02 
RedEdn 1345 —.19 
RetGrn 1772 —07 
SWTSdn B.95 —01 
STWWn *21 
SmaOCop 903—24 
SEAStonniOO +02 
SJkStcn 1870 —28 
SfrOeOl 2405 —23 
Trendn 5577 —53 
USBln 1027 —02 
UHlncn 1428 —04 
Value rt 4279 +03 
Wrtdw 1X68—08 


NTT 1449 + 22 
AmGoidrZOW +21 
Autor 2270 —24 
Biotech r 2371 —66 
Brdcslr 2443 —03 
Bnikarr 1660 —40 
Chemr 3326 +26 
Ccrry r 2449 —42 
CcnPnlr 1362 —08 
CsIHour 1765—12 
DiAeror 17*4—19 
□evGomrl670 +.14 
Bedrr 1671 —48 
Energy r 1776 —16 
EnaSver IZ12 — OS 
Envtror 1456 +08 
FinSvcr 5227 —41 
Food r 2960 +06 
Heoltnr 606 —77 
HtomeF 26 W -oi 

Fxlr.Tn 9.79 —.02 Asset np 2204—02 EmaMkEdhOT 
HjGdTFS plQ29 +01 CarvScpnll67 _ InMEafy n 10 JW, 
HKkfTFC 11029 ♦ HI EqlnCD 1126—01 STBandn 968 
MnBdTn 963 —02 (HWCPn 10.18 +03 SmaUQjn 901 
NCMunCt 974 , GtCanvn 10X2 —04 S&Bxjtyn 1471 

USGvtBp 92S— 03 GlTelP 9.93 +07 Jotksgn NrUtatol 
USGvICr 925 —.03 Growth np2105 +.10 Growth 1005 
UlffityCt 9.18 — .01 SmCapG 1677 +HI Income 948 
ValueBp 1747 +07 Value B 1179 —02 TaxEx 1419 
VatueCtn 1746 + 07 Gctaxy FHxto* TofRtn 1076 

VtfueTn 1747 +00 Asset** n 1071 —HZ Janas Fund: 

Rag Investor?: CTMun 943 +HI Balanced r»12HJ 

EmGfhp 1492 —05 EqGrth 1142—06 Entorprn 2177 
Mlnp 9.96 —02 EqtVal 1244—11 FedTxExn6J4 
tntTro 1155 +.0* Eqlncm n 1ZJ9 —06 FIX Inert 9.13 
MMuniP 1424 +02 ffiOBd 9.92 —02 Fundn 19.0 

CTMun 963 +01 Balanced 
EqGrth 1142—06 Emerprn 
EqtVal 1244 —11 FedTxEx 

FedTxEx n6J4 +01 
Flxlncn 9.13 +01 
Fundn 19.1Q 

OuaJGTP 1222 -.11 IntBd 9.83 _ GritHnc 1193—18 

TrtlncSh piz.91 +03 IntEqtn 1251 —07 tntGvt 407 —01 
TotRTsv p 945 , LantoConl442 — .03 Mercury 1226 —03 

Vatueo 1123 +06 

icS !af JH 

AP 14U +HI 
E P 979 + 01 
= P 1021 —01 
An rail +hi 

|p +hT 

|p B '977 ' 

LfxgeConl462 -.03 Mercury 1226 -03 
MA Mu n 949 + 02 Overseas n95Q —03 
MuniBd 908 + 01 StiTmBd n 2.90 
NY Mun >024 +0) Twenn 2245—29 

+01 NY Mun 
♦02 I STBdn 

H 9.83— JH Ventr n 4744 +08 
Con)7.19 — 23 WridW 25.17 +09 
Sqnll.22— 13 JapanFdn 1272 —24 

+ HI SmCaSqnll22— 13 JapanFdn 1272 
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(Continued From Page 10) 

* B VKNEP Escort Sendee 
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Page 9 

New j n *®™atioiial 'Bond Issues 

by James Connefl 




Mat Pries ‘ «nd 

- week' 


Losses in Derivatives Prompt 
PaineWebber Fund Bailout 

Last Week’s Markets 

jui flams ora as ot dosed tMUneFfhiw 

Stock Indexes 

HoUng Rate Wotea 

■■ - ‘ Xv C 

WBL Finance 
(Cura^ooj pj 

MBL Finance 





CaBgfci* rt pa bent 2002, wfan unreti brttanu DTOUcror 
6fflanth Lbur, Danoannatora $1 mttao. Foot not dsdmd- 
iMdsubsh FhoRt Ml.) 





100 ' 

" — 

QMM a pw 6wn 1997, whan Morw bKsma OSOXovei 
6*nomh U ior. Dmoomtim $1 nAgn. Fm not dhetotad. 


- 1 i m 

. v 

A®L Frnanoe 
(Curasao) p| 




100 . . 

— _ 

CoBobk ca par irwn 1999, when aftraa became* 050% Over 
6raentii Libor. Denomrahets SI nliioit F«t nor rtidoied 

: . 1 l\ r 

A ■ 





. 99 * 


Dm 6«tonth Ubor. Monraum vwarea 7*. Noncaibbis. Fens 
Q3n. Guaramsd by thn Republic of Austria. {Gommerz- 

’ ■ 


■w. v 

Abbey Nationd 
Treasury Services 

■ 5250 





Eeoffaradcf 99JMI Nancalkhh.Fm)W^F<rhca Copied 
MoritattJ ' 

• . A . ^ ; 

Bank Nederlonclse 






Rtofietuti ot 97JJT4. NonaAabis. Fmi 1 fM. (GaUman Sochi 


: " \ m 

British Telecom 






Reoffend at 99X84. NoneoHable. Fna lH^. (Lehman Bretiv 
era Ml) 

Federd Housing 
Finance Board 

$1 JX30 





Nontrtabh. Fees 0.15%. (Morgan Stanley & Co., Lehman 
Brothers left) 

. . * 

Merck & Ca 






Reoffend at 82765. Nonoofobfe Fees 1.1 36%. (LP. Morgan 

.. ■ • 

Nestie Hofcfings inc. 






Reofiendat 10070. NencnBnhle. Fungible “nth otMandng 
issue, robing total to S300 l (CS Brat BatonJ 

? ■ . ■ 

British Telecom 





■ — ... 

Nsnarfcblc fan (Mrnon Bsott*n Inti] 

CrSdit Local de 






Reoffend ot 9773. NoncoBoUe. Fees HWL (GoUaian Sachs 

wq. . 

Generd Electric 
’Capctd Carpi. 



9 9J4 


Noocold^e. Fees 111%. {Gokfcncxi Soda lnt\) 

Halifax BuSdmg 






Reoffend at 99.638. NoneaBaWe. Feel 1 ML (CS firrt Barton 

Sara Lee 

DR 200 





Reoffend at 99.65. NoocoBabta. Fees 1.025%. (Rabobailc 



ECU 150 





Reoffend ot 9929. NoncaBobfe. Fees 1H3L. {Swiss Bonk 

• -1 








Reioffared rt9955. Nanoalafcle. Fees HW. (Wood GmxtjrJ 

■ * -A 

Export Finance and 
-insurance Carp. 

AS 75 



101 JD 

99 J5 

. NonodkMe. fees 1V4% Gucradeed by the CumtnonnveaWi 
of Aastroko. (Merrifl lynch Wl) 

' r',; 

SIC Australia 






Nonecdbble. Fees lh% (Swiss Bonk Corp.] 

■ *• 

Mitsubishi Corp. 

Y 77,000 


2 AO 



Nanoakfafa. Fen 0.15%. (fcfcml Lynch WTJ 

WestLB Finance 

Y 15,000 





Nancalable. Fees 0.19%. Denoranohons 100 mSon yen. 
(Mitsubishi Finance btfl] 








NoomWiln. Convulibie inio compony's shores at o premium. 
Fees 214%. Terns to be set next week. (Dciwa Singapore Ud) 

ouiw xuuiura urnra «***»«*« *.-*» 

The rescue effort comes on top of $88 i 
already spent by the brokerage firm to reii 
investors burned by what was advertised a 

By Leslie Eaton 

Ntw York Tam Semce 

NEW YORK — PaineWebber Group Inc. has 
disclosed that it will spend SI 80 million to bail 
out one of its mutual funds battered by holdings 
of the highly technical and often risky Wall 
Slim securities called derivatives. 

The rescue effort comes on top of $88 million 

t to reimburse 
i as a safe 

and secure mutual fund. Totaling $268 million, 
the bailout may be the largest ever in the rapidly 
growing mutual fund industry. 

The development is the latest and sharpest 
example of the way Wall Street wizardry can go 
wrong — and how such problems can hurl inves- 
tors. It also raises fears among some analysts 
about what would happen if such a fiasco oc- 
curred at a firm that could not afford to cover 
investors* losses. 

Money from the bailout will not go directly to 
investors bat is intended to shore up the value of 
the fund in an effort to stem its losses. 

The U.S. Securities and Exchange Cranmis- 


tty. This is the third time this year that a fund 
company has bad to rescue a fixed-income fund 
that had experienced big losses from derivatives. 

Just last month, Arthur L ewtt Jr., chairman of 
the SEC wrote to the country’s largest mutual 
funds to express “continuing concern that mutual 
funds utilize derivative instruments wisely.” 
Barry Barbash, head of the commission’s invest- 

ment management division, echoed that concern 
Friday. And he added, “This raises the broader 
question about what investors know about the 
funds in winch they invest It's a question of 
disclosure, which needs to be very tight.” 

The battered fund, the PaineWebber Short- 
Term U.S. Government Securities Fund, had 
been a hit with brokers and their clients, unhap- 
py with low interest rates on certificates of de- 
posit and money market funds — conservative 
investments in which it is almost impossible to 
lose money. 

The fund, which opened for business in May 
1993, quickly collected more than $2 billion from 
investors looking for slightly higher returns. But 
10 gel those returns, the fund’s managers invest- 
ed in derivatives, which are complex securities 
whose returns arc based on — or derived from — 
those cm other investments. 

These derivatives had started life as every day 
home mortgages, lumped together and sold as 
pods. The pods were then sliced up into pieces, 
taken apart and put bade together again several 
times to form a jigsaw. 

The pieces of the mosaic that PaineWebber 
bought were called structured notes, because 
Waff Street created them to meet specific inves- 
tors’ needs. 

New, highly technical and extremely compli- 
cated, most of these derivatives were created 
when interest rates were falling. 

Bui in April, the price of PameWebber’s fund 
started falling sharply because its mortgage- 
based derivatives plunged in value as interest 
rates rose. 

Hume Stott* 

July 22 

JutY 15 


DJ Indus. 




DJU til. 




DJ Trans. 



St P 106 




S & P 500 
















+ IJ0 % 

FT 30 



+ 098 % 


Nikkei 2S 


a tuna 

— 1^8% 





+ 271% 


Hons Sena 



+ 039% 


Wise IP 


677 JO 


nwftT Index From Manon Star*rr Capital inft 

POLICY: Speed of the Markets Imposes New Burdens 

Now, the Real Question is 'When,’ 
Not 'Whether,’ Rates Will Go Up 

Contained from Page 7 
Institute, the fledgling Europe- 
an central hank, disputes the 
view that all erratic pnee move- 
ments are caused by policy mis- 
management. Nevertheless, he 
agrees that “the best way to 
avoid asset-market ‘bubbles’ is 
to stick to a cautious monetary 

“This may not eliminate all 
"• misalignments nor significantly 
reduce short-term volatility,” he 
said, “but it would alleast mean 
that monetary policy ceased to. 
be a contributory factor to both 
types of disturbance." 

. But Mr. Lamfalussy also fin- 
gers the difficulty that lies 
ahead: “In aworid of rigid fis- 
cal policies, international agree- 
ment on a correct configuration 
of policy mixes will be even 
harder to come by than agree- 
ment on the appropriate do- 
mestic policy mix.” •_/ ' 

This is one of the primeval 
issues in international relations, 
what the experts caD the ques- 

tion of burden-sharing. Is it the 
nation, running a balance-of- 
payments deficit that needs to 
- adjust by deyaluingits currency 
«nd entting domestic demand? 
Or should the nation running a 
surplus share in the required 

The inability to negotiate this 

postKwar BrettonWbo^s sys- 
tem of fixed exchange rates. 
The move to a system of floating 
exchange rates was supposed to 
resolve tins problem, but govern- 
ments (prickly realized it is a 
mistake to leave such a key price 

as tbe exchange rate to the vaga- 
ries of the market. The issue re- 
mains as alive as ever. 

Thus, today the yen — de- 
spite heavy daily intervention 
by the Bank of Japan —is driv- 
en by marke t forces to a record 
hjg h lewd against the dollar as 
Tokyo continues to run a sub- 
stantial international surplus. 

But the United States, run- 
zringan ever-increasing interna^ 

tional deficit, also finds itself 
sanctioned by market forces. 
The substantial increase in 
long-term interest fates since 
the hri tia l breakdown of trade 
folks with Japan in early Febru- 
ary is an effective curb on U.S. 
domestic demand. 

“The assi gnmen t of the bur- 
den of adjustment is much more 
left to the workings of the mar- 
ket,” asserts John Lrpsky at Sal- 
omon Brothers in New Yorit- 
. Mr. Up sky describes the 
emerging system as one where 
“if afi the principal countries 
simultaneously pursue vigor- 
ously the achievement of good 
domestic balance, the interna- 
tional problems of adjustment 
essentially should take care of 
themselves. The creation of a 
market-based deregulated sys- 
tem should aid that process be- 
cause it much more quickly dis- 
ciplines an individual country 
following idiosyncratic infla- 
tionary policies than was the 
casein the past.” 

Bloomberg Business Netn 

NEW YORK — UJS. govern- 
ment securities fell last week 
and yields rose as Federal Re- 
serve f*hamrmn Alan Green- 
span said higher interest rates 
may be needed to bead off in- 

Now the focus of bond trad- 
ers mil shift from “whether” to 
“when” rates will go up again. 

The yield on the benchmark 
30-year bond ended Friday at 
736 percent, compared with 
734 percent a week earlier. The 
two-year note yield was 6.10 
percent, up 10 baas points. 

On Wednesday, Mr. Green- 
span surprised the bond market 

when he told Congress that the 
Fed was ready to raise over- 
night bank loan rates for a fifth 
time this year to head off infla- 

Bonds phmged after his testi- 
mony, choking off a one-week 


rally during which the bench- 
made 30-year Treasury bond 
yield had fallen 27 basis points. 

Before Mr. Greenspan's testi- 
mony, the consensus view was 
that the Fed would leave rates 
move to 
raise rates by at least another 25 

uuu I IIU A UU YTWU1U IMtfW 14 

unchanged. Many people 
sume now that it will move 



The Week Ahead: World Economic Calendar, July 25 -30 

A scfioOuhtUBaa weak* economic and 
financial event* c ompied for the Interna- 
tional Tribune by Bloomberg Busr- 


e My tS Hons Koofl Retail Mrte 
figures for May. 

Tokyo dune data on auto production, 
clwbvetoro sales; nationwide department 

Sydney Besene Bo* rt 
Australia hokto montMy board meeting io 

cBeouae monetary potey- 

Hang Kong Haig Kong gawmmeni 

holds land auction. 

a My 27 Canberra AuatreBan oon- 
aumer price Inda* tor second quarter 
Tokyo June auto export* 
eJBlySa Hoog Kong ProvWoMt Bg- 
' utw to June merchandise trade. 
'Tokyo June industrial production. 

Tokyo f^dertflon of Bankers- Asaorta- 
. (wns holds annual meeting. Prime MW»- 
. tar Tomllchl Manama and BataofJe 
pwi Governor YoeusN Mtano wtt defhw 

CanOem Sal ancetrfpey 

■ mono data (or June- 

• Tokyo Tokyo area consumer pftoe tur- 

• vav tor July and rmttonwfcta CP* tor J one. 

■ Tokyo June unemployment tm ana 

■ june|«rf»WW*«e ntt, * ,to - 

London Qomrmm auctions 2 baton 
pounds of BJB percent bonds due 2010. 
Parts June household consumption. 
Etantogt a p m u today orttisfi Tate- 

• My M Pimm I i Jiriy ccrauRwr 
price tnosx. 

Copenhagen June une mp loyment. 
London Monthly mone ta ry mooting Of 
Eddie George, governor of the Bank of 
EngJamt and Chancellor Kenneth Cterkn. 
Parle Ariy economic survey. 

Parts Bank of Prance mcuittes repur- 
chase tender. Outlook: 52.4 bMon trancs 
of rapaa expiring. 

Earnings e xp o rt e d Imperial Chemical 

• July 29 Parte June unemployment. 
Anytime Ms wet*: 

ninth at June import prices. 

Frankfurt May capital account and tong- 
jorm capital account 
Rome May tahmtas a le price Index and 
producer price Index. 

Frankfurt July praBminary coat of Mng. 
Forecast Op a f percent on man*; up 22 
parent* on year. 

Bern JWyfaderal consumer price Index. 
llsIslaM June uneniptoyment 

Advisory Committee dbouMes Upjohn 
Qo .1 new eppHcauon to change Rogslna, 
tor use as a hrtr growth annuitant, from 
prese rtp don to over-the-counter status. 


eJotyM Aisatardare Julyeonairwr 
corrilrtanca . _ 

Amsterdam re ® fl ”*!**<* - -ur. 

p-h* of France securities repur- 
' cMSetandsr. (Xfloota 56A bMton Irenes 

week end 


European Gonyr^- 

«mea of fiw ad <rtd 


a Jrtf 28 Wortdn g tori The National 
AaaotiaBon of Rgaftore n ri ti RM M wtWng 
home sales lor June. 

Di satin GoMemment SMpectad to «e- 
lease prsdminary report on boa darnog* 

to coffee crop. 

Eanrtnga apacM Exxon corpn Good- 
year The & Rubber Co.. Horahsy foods 

Corpn Kimberly CtartiCorp^Rai*^^ 
ston Purina Co,'UnoeBl Corp. 

• jwfy SS Hew York The Conference 
goad's July eormmar confidence Index. 
New York Two-dgy conference on de- 
rtvattves sponsored by Intsmatlonal 
Swaps A Derivatives Aasoctatton toe. 
Earnings mpertsd today Computer ScF 

•nces Ctocp, Eastman Kodak Co, UHnote 
Tool Works loci Instrument Systems 
Coip^ RJRNataseoHotdlnfls.WAGraoe 

e Jajhf Z7 WaaMngyon The Com- 
mercb dapaWtarit reports June durrtda 
goods orders. 

Washington The Mortgage Bankers As- 
sociation of America ra taat es to wsetfy 
mport on mortgage eppkadfons. 
HockvWs, S U ryta e d ThaFood and Drug 
Ad mirttaliBi on'a Nonprascrlptton Drugs 

Ernidags expsdsd AUed-S(gnai inc.. 
Baker Hughes Inc., Bethlehem Steel 
Corp, Computer Network Technology 
Cons-. Digital Equipment Corp. Du Pont 
Co, Ford Motor Co, Minnesota Mining' A 
Manufac tu ring Co. 

• Joty ZB Ottawa MRy employment, 
ssrrtfngs and hours. 

tth tagtai The Treasury Department 
reports woeUy monay supply. 
Washington The Labor De par t m e nt re- 
ports Initial weekly state unemptoytnent 
compensation insurance ctakns. 
Ea r n i n gs sx pa rt sd Dow Chemical Co, 
Dumosa Inttmational Inc, Electronic 
Data Systems, General Motors Corp, PH- 
ney-Bawes too, usx-Marathon Group, 
e July M Washin gton Advance 
gross domestic product , growth lor the 
second quanar. 

Arm Arbor, HcNpan The Unlvemity of 
MkHgan^ revised consumer sentiment 
index tar July. 

Washington The Labor Department re- 

ports June Import/ export price tod tx e s . 
Chicago The Chicago Associa t ion ot 
Purchasing Management July eurvay. 
Ka ns a s Oty, MMsnwrt The American 
Soybean Association holds Us annual 
convention. Through July si. 
W totting l stt . The Federal Reserve te- 
Hmbss its weakly report of assets and 
of US, oemmereta) banka. 
Earnings totpectad Aetna Ufa 1 Casual- 
ly Co, Shell Or Co, Wait Disney Co, 
Xerox Corp. 

Protests at South Korea Shipyard op ^ 

SEOUL (AFP) — Thousands of unionists demonstrated Sun- 
day at South Korea’s largest shipyard, owned by Hyundai Heavy 
Industries Co n after labor-management negotiations to end a 
protracted strike broke down, reports said. 

But the shipyard’s management left open a last-minute compro- 
mise to prevent police intervention, pledging to resume negotia- 
tions on pay and working conditions, the national Yonbap news 
agency said. Union leaders vowed to continue the walkout, 
denouncing the company for insincerity. 

President Kim Young Sam called for “special" measures to end a 
wave of strikes that broke out last month at dozens of industrial sites 
despite an appeal far industrial peace to recharge the economy. 

British Steel to Buy Company’s Stake 

LONDON (Bloomberg) — British Steel PLG Europe's second- 
largest producer of steel, plans to buy GKN PLCs 40 percent stake 
in United Engineering Sleds, an engineering and forging company 
for £70 milfion ($106 million), news reports said Sunday. 

The sale win allow GKN to focus on its primary business of 
motor components and develop its defense projects after the recent 
acquisition of Westland Group PLG British Steel already owns 60.9 
percent of United Engineering Steels, winch suffered amid higher 
scrap meJaJ prices and the recent slump in the European car market. 

Fund American Profit Falls 56% 

NORWICH, Vermont (Bloomberg) — Fund American Enter- 
■~ s Holdings Inc, the holding company for one or America's 
st mortgage banking companies, said second-quarter earn- 
ings fell 56 percent, reflecting the industrywide slowdown in 
mortgage refinancing. 

The company earned $183 milli on, down from $413 million. 

Net income for the second quarter of 1993 included $38 million in 
pretax gamings, reflecting an accounting change for net unreal- 
ized investment gains and losses. 

Order Is Upheld mBilzerian Case 

WASHINGTON (Bloomberg) — A panel of federal judges has 
upheld a court order requiring former corporate raider Paul BQzer- 
ian to surrender $33.1 million m alleged insider trading profits. 

llie opinion, issued by the U.S. Court of Appeals for the 
District of Columbia, also upholds permanently barring Mr. 

Bflzerian from further violations of federal securities laws. 

basis points by. or near, the 
next meeting of its policy-mak- 
ing panel on Aug. 16. 

Haney Hirschom, director 
of fixed-income research at 
Chicago-based Stein, Roe &. 
Fanrnam, said “The market 
needs to have Greenspan raise 
rates by 50 basis points by the 
end of September." 

If that's accomplished, he 
said, the braid market will have 
“seen a critical peak, and the 
market win continue to work 
yields down to 7 percent by 

Since February, when Mr. 
Greenspan said raising the rate 
on overnight bank loans would 
help keep bond yields and other 
ben chmar k rates such as mort- 
gage rates relatively low, the 
Fed has been frustrated by a 
market that has done just the 

.ven so. when Mr. Green- 
span made it clear that “he's 
serious" tfbout raising rates, “it 
put a healthy dose of fear into 
the market," said Samuel Ka~ 
han, chief financial economist 
at Fuji Securities. 

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Page 10 


Auctioning Radio’s Real Estate 

U.S. Hopes to Raise $10 Billion in License Sell-Off 

i i. i e T.*_ .c tluuiah thic smctic 





By James Siemgold 

fie is York Tima Soria: ' • 

TOKYO With just one week r emainin g before a deadli ne 

corfdpush ftwidmt KD Qmton «™rd ms to«a>«£tra& 
r*"r. r inH Ait*** toiVc Mwmii the two sides tins 

done to reduce 

Bloomberg Businas News 

WASHINGTON — It‘s bang called 
the biggest U.S. government business 
deal since the Louisiana Purchase of 

On Monday, the Federal Communica- 
tions Commission begins auctioning 
prime chunks of radio real estate, hoping 
to raise S 10 billion from companies de- 
veloping personal co mm u n ications ser- 
vices that will send voice, data and video 
signals over small, hand-held telephones. 

The auction may get off to a slow start. 
The first three days are for narrow-band 
spectrum, which a taxi company might 
use for pagers or two-way radios to keep 
track of its cabs. 

The interactive video spectrum, which 
would allow television viewers to play 
along with game shows or to order pizza 
by remote control when a pizza commer- 
cial comes on, go on the block Thursday 
and Friday. 

Broad-band frequencies, which com- 
bine data and video in a network that 
will serve as an alternative to Lhe cellular 
network, won’t be on sale until the fall 
Of 69 companies that have expressed 
interest in the narrow-band auction, only 
29 put up the $350,000 participation fee, 
according to the FCCs final list. In the 
end, the government probably will raise 
only a few hundred million dollars from 
the 10 narrow-band licenses for sale. 

“After all the techno-fantasy and the 
hype, nobody knows what a narrow-band 
license is going to lock like, or how to 
market it, or how much it’s going to cost 
to build a network,” said Danny Flam- 
berg, marketing director of Dial-A-Mat- 
tress, which thought of jumping into the 
narrow-band auction, but decided to hold 
out for the broad-band auction this fall 

“Who's to say it couldn't go the way of 
the dinosaur, like Beta did years ago?” he 
added, referring to an outmoded video 

technology. , , 

Dial-A-Maitress isn't the only compa- 
ny to feel that way. Christopher Kidd, 
chief executive of Meirocall Ina, a pag- 
ing services oompany in Alexandria, Vir- 
ginia, dropped out of the auction last 
week after hearing that a angle narrow- 

The government is 
selling the yellow lines 
down the middle of the 
superhighway .’ 

Dennis Dunbar, chief executive. 
Wireless Data Systems 

band license could go for as much as MO 
million. With paging services priced at 
$6 to $9 a month, it’s not worth it, Mr. 

Kidd said- . ,. 

“The government is selling the yellow 
lines down the middle of the information 
superhighway” said Dennis Dunbar, 
chief executive of Wireless Data Sys- 
tems, a $4 million provider of telecom- 
munications services in Washington. 
“The left and right lanes are where the 
action is." 

Still for some companies narrow- 
band makes a lot of sense. 

“It will definitely be part of our overall 
diversification strategy," said Mary 
Mills, president of the energy consultan- 
cy General Services Co. m Rockville, 

It’s not as though this auction is the 
only game in town, however. Last week, 
Nextd Communications Inc. said it 
would acquire OneComm Corp. for $650 
million in a move to make specialized 
mobile radio companies a viable compet- 
itor to cellular. 

Things may get hotter on Thursday, 
when the FCC puts 600 interactive wleo ■ 
data services licenses on the block. Such ] 
technology will provide interactive tele- 
vision services such as surveys or home 

Congress gave incentives and dis- 
counts of up to 25 percent to small finos 

Communications. Still the narrow-band 

auction list is dominated by bte compa- 
nies such as Bell South Wireless Inc-, 
paging Network lac.. 

Communications Ino, U.S. Paging Carp, 
and Dial Page Inc. 

Company representatives will gather 
Monday at the Omni Shoreham Hold m 
Washington to enter their bids silently 
on personal computers. All 10 nation- 
wide licenses will be auctioned simulta- 
neously. Companies will be able to bid. 
for a T T,aY i miim of three licenses. 

Under the 1934 Federal Communica- 
tions Act, the spectrum belongs “to the 
people." Thus, the money raised at the 
auctions will go to the VS. Treasury for 
deficit reduction. 

“Congress thought it was a good idea 
that the taxpayers get tire benefit of the 
spectrum," said Gerald Vaughan, of the 
FCC. “How much benefit they’ll actual- 
ly get is another question.” 

“There was no breakthrough, bot no l^reakdowm raid one 
official involved in the talks, which were hastily arranged in Hong 

little was heingdone to Deputy Trade Represen- 

The taflcsinHoag dainty foreign minister 
tative Chariene Barebcfcky “J-Havasbi. Each stressed that they 
for economic affairs, Sadayuki Hayasm. 

♦ kif 

VUIWUW'V'— _ \ 

Kona on Saturday and Sunday. _ ,» ■ 

Despite severaf promising steps toward a senes of sxmm tote 
agreements between theUmtcd States awttapan overthepast 18 

side to cut a deal, but firmness on Japan ese position: 

sanctions if there are no signs cnau^= suggested that new 
'Mr. Hayashi was- equally elliptical out suss» 

Tire J^renesehay^^to^®^^ quotas or 

would amount to govern- 


. /ft-" •fi. 

hue 60 days to deliberate an appropriate sanction. . . 

aPTSmentsb^vem SeUmted States aadlapan over the past 18. 
SnStiic countries have failed to conclude a angle deal onany 
of the five Japanese markets Washington says it wants to^ern 
The five are autos, auto parts, insurance and government procure* 

sssa?- > «tog* 


wffl be maintained, and that inhe Japanese fail to come to m 
■gteps vai be that could result in trade sanctions against 

Japanese exports to the United States. 0tfW _ T1 

A Japanese official said Friday that the new coahtion gowacn-, 
ment of Tonriichi Murayama was serious about striking a W* • 
But the official said that if the United States did move toward 
sanctions, Japan would consider reta liatin g, at first by breatang 
off any furttenegotiations. Such a confrontanon co^ren^a 
worrying signal to the foreign-exchange markets wh ^.^ 
battered the dollar in recent months, m part out of concern that 

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least 300,000 tons of Vietnamese nee annually for the next 30 

Vietnam investmem review icpuiu** “ ~ 

review is published by Vietnam’s watchdog agency 
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Page 11 

Chicago Stays 2 Games Up 
After Series With Indians HU 

The Associated Ptva 

Julio Franco homered and 
drove u three runs and Alex 
Fernandez cooled off Cleve- 
land, leading the Chicago 
White Sox to a 4-2 victory Sun- 
day over the Indians, in the fi- 
nal meeting this season between 
the American League Central 
Division leaders. 

The teams split their final 
four-game series in Cleveland, 
allowing first-place Chicago to 
remain two games ahead of the 
Indians. The teams also split 
four games in Chicago last 

Fernandez gave up two runs 


and six hits in eight jnntw g ^ 
quieting a Cleveland team that 
had scored 25 runs in the previ- 
ous three games. 

Charles Nagy allowed four 
runs and eigh thits in eight in- 
. rings. The Indians have totaled 
*19 runs in his seven losses. 
Nagy retired the first six batters 
he raced, striking out three, but 
he gave up three urns in the 
third on an RBI angle by Tim 
Raines and Franco’s two-run. 

Nagy then set down eig ht 
more m a row until Franco ho- 
mered in the sixth, his 17th. The 
homer gave Franco 86 RBIs. 

Cleveland scored twee in the 
fifth, aided by an error on right 
fielder Warren Newson. 

Blue Jays 4, Rangers 2: To- 
ronto won its eighth straight 
game and completed a four- 
game sweep of visiting Texas. 
Brad Cornett gave ig> five hits 
in six innings for Ins first major- 
league victory. 

Toronto managed just f am- 
bits, including a home run by 
Paul Motitor, to hand the first- 
place Rangers their fifth loss in 
six games. 

Red Sox 8 , Mariners 2: In 
Boston, Mike Gieenwdl went 
4-for-5 with a homer and John 
Valentin drove in three runs- to 
give Roger Clemens and Bostop 
the victory over Seattle. 

The Red Sox and Mariners 
split the four-game series, 
>hich was moved to Boston be- 

cause of falling ceiling tiles in 

the Kingdoms. 

Boston collected 16 hits to 
bade Clemens, who allowed five 
hits and cue ran in seven in- 

Royals 6 , Tigers 4: In De- 
troit, Jose Dejesus pitched five 
innings for his first major- 
league victory in nearly three 
years, lifting Kansas City over 
Detroit. Dejesus was rrmHng 
his first start of the season. He 
won for the first time since Aug. 
31. 1991. 

Rookie Bob Ham din ho- 
mered and Brent Mayne singled 
in two runs as the Royals won 
for only the fourth time in their 
last 11 road games. 

Hazndin’s 19th home run 
gave the Royals a 6-3 lead in the 
eighth. Tony Phillips hit a sacri- 
fice fly in the ninth to bring the 
Tigers to 6-4. 

In games played Saturday: 

Indians 11, White Sox 2: 
Paul Sorrento homered for the 
fifth time in five games and Ja- 
son Grimsley came within one 
out of his first career shutout, as 
the Indians beat Chicago in 
Cleveland, Albert Belle drove in 
four runs. Sorrento’s shot gave 
the Indians 18 home runs in the 
last five games. 

Blue Jays 9, Rangers 1: In 
Toronto, Kandy Knorr homered 
twice ami drove in four runs, as 
Toronto defeated visiting Texas 
far its seventh straight victory. 
Knorr had a two-run single dur- 
ing a six-run first inning - He 
added two solo home runs, giv- 
ing him his first multi- homer 
game in the majors. 

Athletics 6 , Orioles 3: In 
Oakland, Todd Van Poppel 
pitched seven strong inrun gs 
and Rnbcn Sierra and Scott 
Broshis homered, leading the 
Athletics over Baltimore. Ra- 
fael Palmeiro hit his 21st home 
run, and sixth in eight games, 
for Baltimore. Rickey Hender- 
son had a two-run single. 

Yankees 7, Anris 2s In Ana- 
heim, California, Don Matting- 
ly collected his 2 , 000 th career 
hit, and Paul O’Neill and Mflce 
Stanley each homered, as New 
Yoik won for the ninth time in 

10 games. Sterling Hitchcock, 
allowed six hits in six innings, 
inducting Ride Turner’s solo 
homer in the fifth. 

Royals 4, Tigers 1: David 
Cone allowed onry two hits over 
right ftinmg a and struck out a 
season-high 12 batters as Kan- 
sas City, on the road, snapped a 
three-game losing streak. Bill 
GuOicksoa retired 1 1 consecu- 
tive batters before rookie Bob 
Ham eKn hit his I 8 ifa home nm 
of the season, to gave the 
Royals a 2-0 lead in the sixth. 

Red Sax 6 , Marinas S; Mari- 
ners 6 , Red Sox 3: In Boston, 
Ken Griffey Jr. led off the 1 1th 
inning with his 36 th homer and 
Seattle beat Boston, 6-3, in the 
second game of a doubleheader. 
The Red Sox won the opener, 6 - 
5, as Joe Hesketh gave Bost on a 
rare victory by a starting pi idl- 
er. The second game was de- 
layed by rain for more than two 

Twins 5, Brewers 1: In Mil- 
waukee, Pedro Munoz homered 
and had an RBI angle, and 
Dave Stevens pitched one-hit 
ball over 5% innings of relief for 
the Brewers. 


m ■ - 

Tiwy Dtjak'The Au«aicd Pro* 

Cleveland catcher Sandy Alomar tagged out Frank Thomas of the White Sox at home plate, as the Indians kept the 
pressure on Chicago, drawing within one game of die AL Central Division leader beading into Sunday afternoon's game. 

Players to Set 
Date for Strike 
Chi Thursday 

Washington Post Serna 

ter weeks of speculation, 
major-league baseball play- 
ers finally will set a strike 
date Thursday during a 
conference call of their 
union’s executive board. 

Speculation among play- 
ers has focused on a mid- 
August walkout, but a 
source said it could come 
anytime from Aug. 8 to 
Aug. 30. There’s lesser sen- 
timent to strike on the final 
weekend of the regular sea- 

Instead, players will 
choose a date that will al- 
low time for negotiations 
before the playoffs are 
scheduled to begin Oct. 4. 

A player representative 
said Friday that the players 
probably would choose a 
date just before the start of 
a weekend series. 

Striking late in the sea- 
son would hit the owners 
hard because they still have 
not collected about S5 mil- 
lion of their S7.5 million 
TV revenues. 

13 Is Magic Number, as Phillies’ Jackson Stops the Padres, 5-3 

The Assoc ia t ed Pros 

inning* and won his 13th game — his 
highest victory total in six years — as 
the PMni es defeated the San Diego 
Padres. 5-3, Sunday in Philadelphia. 

Jackson (13-4) allowed five hits and 


two runs. He strode out seven and 
walked none. Jackson was 12-1 1 last 
season for the league champion Phil- 
lies. The last time he won 13 or more 
eunes was in 1988, when he was 23-8 
for Cmdnnati. 

Lenny Dykstra, playing for the sec- 
mid time smee mwang 30 games be- 
cause of an appendectomy, went l-for- 
3 with a walk, stole a base and scored 
once for the Phflhes. 

Tony Gwynn flied out as a pinch- 
hitter in the eighth far San Diego. He is 
batting .392, best in the majors. 

Jackson had a two-hit shutout gang 

into the seventh before Eddie Williams 
doubled with one out and scored on 
Phil Clark's single. Rickey Gutierrez 
then doubled in Clark. Williams sin- 
gled home another ran in the eighth. 

The Phillies took a 2-0 lead in the first 
inning. Dykstra led off with a single, 
stole second and scored on John Krok*s 
two-out double. M3l Thompson singled 
home Kruk. Jim Eiscnreich singled with 
one out in the sixth. Eisenrdch moved 
to second on a groundem, Thompson 
was walked intentionally and Todd 
Pratt hit an RBI single. 

The Philli es added two runs in the 
seventh. Kevin Stocker led off with a 
doable and Dykstra was walked inten- 
tionally with one rail Pedro Martinez 
relieved Ashby and gave up RBI singles 
to Mickey Morandim ana EisenreicL 

Expos 7, Dodgers 4: In Montreal, 
rookie RondeH White drove in all sev- 
en Montreal runs with a homer, double 
and two singles as Montreal beat Los 
Angeles for its sixth straight victory. 

The Expos swept the three-game se- 
ries and improved to 60-37, 'the best 
record in the league. The Dodgers, lead- 
ing the National League West Division, 
Lost their fifth in a row. 

While went 4-for-5, striking out 
once with the bases loaded. The 22- 
year-oid left fielder had made just 10 
starts this season and was batting .255 
with four RBIs in 51 al-bats. 

Cuhs 3, Reds 0: Fill-in starter Jim 
Buflingerand Randy Myers combined 
on a five-hitter for Chicago to defeat 
visiting Cincinnati. Mark Grace went 
2-for-3, hitting two doubles and driv- 
ing in a run. 

B ull i n ger pitched in place of Steve 
Trachsd, who is bothered by a blister. 
He went eight innings, allowing five 

In games played Saturday: 

Giants 4, Mets, 2: In a game delayed 
by rain for more than 3 hours, visiting 
San Francisco defeated New York, 
with Matt Williams and Barry Bonds 

hit tin g home runs. W illiams hit his 
36lh in the first innin g, a two- run shot 
Bonds led off the ninth with his 31st 
Braves A Cardinals 5; In Sl Louis, 
Jeff Blaoser angled home the go-ahead 
run and David Justice followed with a 
two-run homer in the 12 th inning as 
Atlanta defeated thw Pyrdinak St. Lou- 
is tied it in the ninth when Luis Alicea 
hit a home run off Greg McMichaeL 
Reds 3, Cubs 1: Jacob Brumfield 
singled home the go-abead run in the 
1 3th innin g and visiting Cincinnati de- 
feated Chicago. The Cubs' starter Ke- 
vin Foster look a three-hitter and a 1-0 
lead into the ninth, but the Reds tied it 
on consecutive doubles by Brumfield 
and Barry Larkin. 

Astros II, Pirates 0: In Houston, 
Jeff Bagwell hit his 30th home run and 
Shane Reynolds struck out 1 1 in his 
first major-league shutout, leading 
Houston past Pittsburgh. Bagwell had 
four hits and drove in four runs. 

Padres 7, Phillies I: In Philadelphia, 
San Diego spoiled the return of three 
Philadelphia players from the disabled 
list. Lenny Dykstra, Dave Hollins and 
Ben Rivera were back in action, but 
they could not stop San Diego. Hollins, 
in fact, remjured the same hand that 
had sidelined him for two months. 
Derek BeD homered, doubled and sin- 
gled for the Padres, and Brad Ausmus 
also homered. 

Expos 2, Dodgers 0: Jeff Fassero 
outdueled Tom Candiotti before leav- 
ing with a shoulder injury as the Expos 
won their fifth straight game; defeating 
Los Angeles in Montreal. 

Rockies 5, Martins 4: Andres Galar- 
raga drove in four runs with a pair of 
home runs and Charlie Hayes added a 
solo shot as Colorado, playing at 
home, held off Florida. 

Galarraga’s 29th and 30th home 
runs helped snap Colorado's four- 
game losing streak. 

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9% 9% —ft TCJ ho 
low 10 % —ft Tcja . 
21% 22 -ft TF Find 
4% 5ft - ft iTFCErO 
10ft 10% - I TMQ 

13ft 13* — * > TJIlBIs 
S 5% | JNT Ft* 

•ft V — V* I TPI Bn 
TV, 7% - TRFnc 

8ft Sft —ft TRMCov 
4% 4% _ TRDUn 

"ft * _ TSI CP 

7V. 7ft - 1 TSI Inc 
8% Oft ♦ % 1 T5R 

J* r- Ti: bss , 

7V» 7% —ft TanUyfir 
Sft -i'r TcaikWy 

IS 16ft —ft T(x«rm 

4 4% » % Tctest wt 

3% 3* _ TctotT 

16% 17 -ft TcxoGooe 
31 *3TU6,— 4tft TaroPn 
%, — Vi, I Tamam 

ift Vu — I Tcnoa 1 

^ 3 * I 

7ft 7 W m - m* TePCom 

3% 3% — % lecnsot 
4ft 4% _ I TecnotM 

5ft 6 —ft 1 Taownm 

6% 4% — % SunBCA .151631 56 S* 2% 7% 

33 37/14—6%, SunBCTTY _ 190111% IB 11% .* 

4% 6* •% Surds _ 173 59» 5% 5% _ 

4% 4% —ft SunrTc _ 5325 3ft 7ft 3 

lft Ift —v» SunMnwt . % ft ft 

Bft Bft —1 Sunstato _ _ 71 7ft 7 7 

10ft 10% .ft SmSMOt 3J5 1X4 7 78 23 28 _ 

.... .... - SunwT* - 9065 14ft 12ft 13 —1 

5ucRt» _ 67712ft 17 17% »% 

SuoMoc _ 4611 6% 5% 6% —ft 

iupTect, - 198 4ft 6% 6ft —ft 

Superais _ 577 17ft lift lift —ft 

Bjpenoi - 640 14% 13% 14% .ft 

Svprft* _ 1660 4ft 3ft 4% .ft 

SucSod _ 742 2ft 2% 2% -lft 

Marini _ .6810 9% 10 -% 

ScyoLtr _ 413 4% Sft Sft —ft 

SuruTc - 265 4% 4% 4ft 

SurvTe _ - 133 8% 7ft 8% .1% 

SuscBni 1.00 43 166 24ft 23* 23* —ft 

ScTTR* _ 4738 30 18% 23 —VAn 

SwriTT? _ 961 35 34* 34ft —ft 

Swno5W - 1159 9% ■% 1%, — n/„ 

SwtMiwt _ 20 -ft V. 7„ -ft 

Swidar - 317 Ift Sft 3»> ->%< 

SyOtfTC _ 243110 V. 9 9ft -ft 

Svtxaes -185227 49* 31ft 38ft— Oft 

Svtxon _ 45726ft 2S% 24 -ft 

SytvonFO - 539 1 0 fft Oft ‘ft 

SytvnLm - 582616* 13 lift -% 

Sftnrtc —24337 17* 11* 17% —ft 

Srnte - 376 1 0% 10 io% —ft 

SymetriC - 2615 9>b Bft I* —ft 

SvrOrtie —39974 16ft t4ft 14%— 1% 

Synatoy AO 2.1 922 Mft 17ft 19ft .lft 

Synba _ S3 Sft 3 3% - % 

Syncor _ 2432 9% IP- 8ft —ft 

Sy r cu t _ 771 3ft 3% 3ft —ft 

Syneran _ 1 00274 5% 4ft 4% —4% 

Svneuc - 42515 13* Mft 

Synepsvs -11341 »V4 34* 39 -2% 

Svnua - 5375 3% 2* 3 .ft 

Synfrta _ 324 3ft 2 2 —ft 

SytfSIlw .12 9 774413* 17* 13ft —ft 

Syomcf - 2201 6% 5* 6%, — >/» 

Systenix _ 105 19% 18% 19 -% 

SvUCpt - 1964 17ft 15* 15* — 1 % 









Dt» Yld lOBoMUi 

- 907 13ft 

MB 2 A 475 31ft 
_ 301 7ft 

_ 1180 16% 

- 3733 4* 
J04t A 28811 

_ 111712ft 
_ 53944 

_ 3207 15* 
— 13441 4* 

- 09 5% 

Low Ose One Socks 

Dtv YU lOteKiuh Law cm Cnor 

13 13 —ft Vtewto —23714 17* 14 16% -746 

37ft 38 - ft Vitlna % _ 7038 26% 74% 25 — * 

7* 3* — % VHSPM _ 14 7% 7% 7% 

IS* IS* ♦* VaBctl .16 IX 478 9 8% 9 -* 

4% 4* *% VoFst Me A 23 M* 14 14 

9* 11 »1* VbtjGp _ 111 2% 2ft 7% 

11% 17ft . ft VHlonSci - 535 5* 5* Sft 

39 43 .lft VlSX _ 3953-17* 16* 17ft .% 

13 13ft ♦* VituCSan _ 195511% 9% 9* —lft 

* £« — ^ vmm - 154811% ia% n%. 1 

4* Sft — % Vitesse _ 122s 5% 4* s —ft 

T* 0ft —ft v-tvus _. 67 13* 13 13* _ 

9* 10% .* Vrnorx - 2364 70ft 17ft 17% — % 

5I> SS '5 Wottlrri _ 4417* 16* 16ft— 1% 


At U 166373’b 77 W 22* * ft 
_ 136 4% 3* Sft —ft 

_ 898 3* 3ft 3% —ft 

_ 8123 12ft 12 12ft _ 

-.itrcD. - 89714ft 17 13% * * 

— I THQ -10787 ft * »7r — %i 

—ft ■ TJ iron 33 1.7 1258021 17* 2%, 

-%lTt4TFtS 37 1J 6867 25 21* 34ft *7% 

•ft TPI Bn — 7517 7* A 7ft, *1%. 

_ TBFnc - 553417 15* 16% ♦% 

— * TRMCoy _ 1110 6* Bft 6% —ft 

_ TBOUn - 821 7ft 6% 1 .ft 

- TSICP _ H3«e ft ft 

-'TSI Inc .16 U 337 11* 12% 13 — % 

. % 1 TSR - 361 4% 4 4 — 

— W. I TVXGW _ 2413 6 5* 6 -V» 

.% TacoCabS - 290« 14ft 12ft 13 _ 

— * Tanriyfir _ 103 17* 16% 17% -I 

*>'r Tcrttwy - 1599 4% 2% 4% -ft 

—ft Topistm _ 867 ?* 2 2* -ft 

»% Taosl WT — 284 V, "A, ft, -ft 

_ TctotT - 1454 22ft 21* 22 

- ft TtxoGane _ <89 4ft 3% 3ft —ft 

-41ft TaroPn _ 3*4 5* 5% 5% — % 

— Vi, I Tamam _ 377717 M% 16* -2ft. 

— 6ti I Tcnoas -21977 14% U IF Vi, -V» 

♦ ■ft Tcbnol 56 A9 51 11% 11 11% -ft 

-ft Tocnne - 60S 'Oft 9* 9 * _ 

* "/« TenCam - O 7* 6* 7* — % 

—ft Tecnsci - era 1 sv, s% 

_ I TacrfaM - 625 13% 12% 12* —ft 

7* 7W m - »ft TeriCom _ a 7* 6* 7* — % 

3% 3% —ft TecnSrf - 4233 6 5V, 5% -*« 

4ft 4% _ I TacnotM - 675 13% 12% 12* —ft 

Sft 6 —ft I Tocrontx _ 660 5'. »* en/ u — V. 

PV. 1 ft — 6u Tecuvfi AOoU 44549% 46 4 -I 
Vu —ft TecumA M3a 1A 19K7 50% <7% 50ft -2* 

Steady wt 






















Staw Cn t 


















I ss 

sumUopf : 




Suna n rp 




SunSwM 1 

- as is* 

JH J 231 17ft 
_ 1300 2% 

- 687 0ft 

_ _ 708 14ft 

,14 IJ 125 14* 

AO 2J xUSlBft 
AO IB « I 15ft 

- 936 6* 
4B 1415737 39* 

- 7557 1 J'm 

- 2 9 

M 3 89517% 

- 389 13 

- 1414 18 

J8 23 10438% 

AO 2A 20817% 

- 64814% 

* i 

_ 5571 11% 
_ 75 9ft 

- 702 90% 

_ 371 4% 

- 204 ft 
I.W il IBM 91* 

- 55 Sft 
-12357 7ft 

JS7« 3 17467 31% 

- 306 8 

- 194 ft 
_ Ml 5 

MD U 46 69 
30 1.4 a 14 % 

- 729 6* 

JO 2.9 U 23* 

_ 5406 15ft 
40 14 11123* 
283 85 174 23* 
- 15772 13 

- I 5* 

- B91 7% 
.14 U 1471QWii 
M W 3518 23% 
36 ZO 8 18ft 

- 2S820 

- 2559 30 
Mbl3 7231. 

_ a 23% 
—41057 27% 

,04 3 am I* 

- a • 

- 683 7V, 

130 0^ 3 13ft 

- 17 4ft 

- 3017 38% 
_ 7052 32 ft 

ft — Vb 
28ft *% 
7* — * 
13% — % 

17* «% 

14ft -I 

3* —(ft TuCmn _ 6g2* 2% Z* — > 

4* -ft Teteaftc - aw 8 8 — * 

14ft _ Tekntarn 4* 7 -1* 

flft ♦ ft Telex. _ *67 131* 12% 12* —ft 

16* -ft Tetvxa - 9M M, ft * — 

10** — TeCmA -114459 2?* 1 9Vn TT^'n * FA, 

16% —ft TeKjne _ 22 24 »* 23 -1 

2% » % TeiebH _ 12252 5ft 4ft 4% -ft 

■On — »3 ToteJTO _ 694 10% 9% 10ft -M 

15% — 2ft Tefctt _ 2083 3ft 7ft 3ft —ft 

ft —Ah Tefttoss _299a3a5>A 32ft 34 *% 

28ft *% TeteOPfi - 254 4* 4 4 -ft 

7* — * TeUte - (033 I4>b 13% 13ft 

13% —ft Tebcon J! .1 4631 16ft Mft 14ft -ft 

14 — % Terroex _ 27811% 10* 11 

17* - ft Tencor - 8851 19% 17ft 18% —ft 

Mft -I Termonl IJ8 U 865 43 a ta _ 

6 — % TetroTc s - 4S6 19 lift 18% —ft 

30 — lft Totro -S37«9% Bft 9ft -ft 

12 Tevo JJe X 5980271%, 25ft 27ft ♦ lft 

9 *'7 TesRetf 33 2.1 4615>A Mft IWft * v « 

—ft ThrTO - 174513ft 12% 13ft *% 

12ft _ ThernTx _ 31191Mb 11 lift —ft 

17 —ft TW«n _ 531 3% Sft 3ft —ft 

19ft — I TherDun _ BBS* 5ft Mb _ 

38ft — 1 ft ThomosG - 41811*10 11% *1 

14% _ ThamMA JB IJ SIS* 15ft IS*— Ift 

14 Thman 2J»e7.1 508 32ft 29ft 29ft -3 

Mft —ft ThmAV 39 12 1445 24 22 23% .% 

39%— 3% 3Com -65147 55% 50 51 —3ft 

27% —ft 30 Sr* - -125 29u 2ft 2% -ft 

1Z% - % So Co _ 612 16 Mft 15ft —ft 

llft.l TideWs* _ 181513* lift 13ft .2ft 

9ft -ft rmoWlrti - J»3ft 2ft 3ft _ 

30ft -l Tipera - 102 Vu ft ft — 

27% -ft TSmtfl - 514 7V, < J —ft 

V* - ToOayM _ 5561 9 8 8% —ft 

% -V* ToddAO M 1 A 48 4 ft 4W, 4ft -ft 

J1% « 1 Toatte* - sn Sft 13% 14% -* 

3ft _ Taker AOB 4 75*5* 84% 64% * % 

7%. —1%, • TakosMd - 850 Mb 3% 3* 

K% - % • T rnJr trie J7e 3.9 1149 Mft t3ft 14ft .ft 

17 —ft TVften _ 531 3% 3ft 3ft —ft 

19% — I TherDun _ 318 5* Sft 5ft _ 

38ft —ft TligmojO - 41811* 10 llft.l 

16% _ ThamMA JS IJ SIS* IS* IS*— I* 

14 Thneui i06e7,l 508 32ft 29% »%-3 

Mft —* ThmAV JB IJ 148524 22 23% -ft 

39% — 3ft 3Com -65147 55% 50 51 —3ft 

Sft —ft SOSy* - 2125 Wu 2ft 2% -ft 

IZft - % So Co _ 612 15 Mft 15ft —ft 

llft.l TideWs* _ 1815 13* lift 13* .2* 

9ft -ft UMM* - 1^ 3ft 2* 3ft _ 

30ft -l ITpCTO - 102 Vu, ft ft — 

27% -ft TVnba - 514 7V, 6 J —ft 

4ft - ToOOVM _ 5581 9 8 8% — * 

% .V* ToddAO .06 U 4B4ft 4W, 4ft .ft 

21% «1 Toattedr - 33715ft 13% 14% -* 

3ft _ Taker AOB 4 7}*5* 84% 64% ♦ % 

TV* — "ft ' TakosMd - ISM 3b W -v„ 

3S -% • Tmk trie J7eX9 1149 14ft 13% 14% .ft 

p* -% Tgriipkn 1.00b 2.9 938% 34 35 -8 

ft ,% T«8 JB 4j8 5D86 5% 6% 6% _ 

4% — Vu TopjAp* - 485 9% 8% 0%*1% 

JO 3j 0 4639 7ft 
_ 324? 7% 
_ 251 5* 
_ 107V 4 
- 54 7 

JO U 149 15 
M 3 11104 94* 

LOO Z9 7336 % 

_ 183 10ft 

_ 552 4 

_ 174 5 

_ 768611* 
_ 3999 3* 
_ 113 7* 

_ 140 20 

- 518 1% 

_ 264513 

- 640 7ft 

- 471 7% 

_ 829 16 

_ 2769 94* 

J7 1-S 303 5 
.12 .9 BtS73’i 

- 2274 3% 
-15789 J* 

- 180 2* 

MD 4 4 77830* 

Z09 Z6 18124* 

JO 11 6 34 

1-DO 143 7 7% 

200 S3 1145 33* 
_ 2873 19 
_ <7 8% 

_ 117 3* 

IJ4 4J 357 25* 
MS L5 267 25ft 
1 JO &.! 193 16% 

.40 IJ 5784 42 
.16 13 2328 14 

MB 33 3 40 

_ 589 5% 

- 4826* 
_ 28914* 

lJObZJ 127 35 
J3e 5-0 30 16* 

- 976 8* 

32 4.1 719 17% 

-88 14 <488 26* 

2J3 82 369 24% 

- 69 5 

_ 97813% 
AS IJ 97510 38% 
_ 58 4 

_ 32475 28* 
ZOO 3.9 359 51% 
JO 4J 2364 9* 
_ 258 5? 

Z 565621% 
.12 A 284 28V. 
1J0 16 2047 39% 
_ 10M 6% 
_ 2201 6 % 
JOS A 1344 Tb. 

- 478 3ft 

_ 70 7ft 

-347 7ft 

- 611 3% 

_ 485 10% 

1JD 4J 23 37% 
1 JO fcJ 23 18* 

- 178 4% 

_ 2870 25'', 

- 1093 5* 

1-00 4J 91125% 

- 3641 8% 

- 1085 S 

4 4>« — ft vmnk 

4* Sft —v, vhe sse 
T* 8ft —ft vivus 
9 * ltr/m -ft vmrti 
SS Z£ W'lri 

3% 3* % Volvo 

5 Sft * % vtol 
11% 13% — % 

4* 4ft — * 

5* 6% -% I 

13ft 13% — % 

1 % ufc ^ vjeron 

12% IS -ft 

21 23 -lft JKflSf 

18* 18% —I JEsTfiS 

.99 e IJ 329 M 91% 94 .2% 

_ 1315 6* 5% Sft — V« 

- 2455 6% 5 6% *1% 

n 7b wo 40 2.40 S3 328 41 39* 41 .1 

21* n -lft WSBpp _ 5M15M 14% 14% — % 

Tiki «%— 1 WLRFu 32 IJ 416 26% 25% M% -* 

** EH — % WPIGn> _ 1217 3% 2ft rVi, — V a 

** Z^; WPPOO Me 13 705? J* Jft Jft *"» 

, Z* WRTEn _ 931 9* 9% 9* — % 

3* 4 -% “KT,"* 7J5 9J 3M 25* 24* 25ft — % 

6ft 6ft WSFS - 384 4 3% 3* 

13ft 14 .ft. WTO - 3338 7* V*a 2V» — te* 

23% D% - WVJSFh -04e J 344 15% 14ft 15 -% 

“ WolnBte _ 201 4M 4ft 4ft —ft 

I Walbro AO IJ 1475 23 71% 23 —ft 

weaunt - 1897 7 6% 6* - 

WtUData -22380 44ft 37ft a —ID* 

26% 1 WdOCH _ 23212* 12ft 12* - ft 

33« + U J Wofcnr J4 2J 29 12ft 11% 12ft * ft 


- 258 9% fft 9ft 

- 406 11% 11% lift _ 
_ 90 5% Sft 5% _ 

- 2533 4% 4 4V» .ft. 

Jhu — »/v 1 warren _ 116 Bft 7% 8 —ft 

5 WFSL J4 3.9 2061 21* 21 21ft .ft 

10* —ft WWFDC _ 221 4% 3% 4% 

2ft— Pfti VAASBs 37 16 1 S73I 20ft 19* 20ft - 

7ft * — I WMSB P/C3-3S 18 202 Mft 25* 25ft _ 

10 * % , WMS8 pfDAOO 6A 300 94% 92 93% — % 

— An WMSBdEUO LO 136 23* 23 23ft -ft 

I?vi ft I Wottaw - 120 8% lft ■* -ft 

6% Z* Wtnrln - 69 Ift lft 1% -%, 

7 ’4 _% WatvtPti _ 126517% 16% lift— 1 

15% — ft WffltJlns 33 3 1337 24ft 23% 23* —ft 

22*— 2% I WousPs J4 1 JO 2206 25ft 23% 24% 

4% — ' ft wowefmt _ 707 6* 6ft 6% —ft 

(Jft -* Waver A* 23 8 19% 19 19ft -ft 

- Wencolnd _ Inals’*. 14* 15 % — % 

Sft .ft WtatFn S2 23 138824ft 23ft 34 -% 

2 V, _ Wedcu 1.101 8 J 198 12* 12 12 % —ft 

30* -lft W«!St - M20 3* 3% 3% — % 

Mft _ w Kfl _ 7430 73 2D* 22% . 1% 

34 —2 WelM« - 974 19 ft 16% 17% — 1* 

7 _% Wo*W* -111709 71* 19ft 20 / 1 . * teii. 

33 ft _ WeBSte od _ 40 Sft 5ft Sft _ 

17%— 1% Werner .10 J 8114 24ft 22* 23ft -1 

7 % _ Wesbanc J4 3J 128 27% 27% 27* - ft 

3 % —ft WBCBCA _ 38 ft. V,, VS, 

7S -ft W^CSPL JO IJ 71 12 11% 12 

25 —ft WstCstOR _ 848 8* Bft 8* .ft 

16 % .ft WsIMw _ 5920% 19ft 20 ft -* 

41% -ft WNawbl JO IJ 25 24% 24% 24% — % 

UV, .* WtfOnei J2 2J1021930%, 79 30% -1 

40 —1 WAfnBc AO IO 429 30ft 39% Mft 

Sft -% WtetcoB JO 14 23321 20 20% — 

M% _% Wste3ri_* - 11S27 9% 8 81 ft, — Vu 

13 _ Westertod J05e A 228? 13 % 13% 13 % — % 

34 -v, WtBenKs JOr 3J 8916 15 16 -* 

>6* .% WUBeW — 177 4* 6 6 —ft 

■% -% WFOPR JOa 2J 2 31 31 31 -3% 

17% _. WAIicTc - 3343 Bft 6% Sft -1% 

Mft —ft WdnPli _ 1839 11% 9% 9% —lft 

Mft +v» W*nwa*r - 4150 26 20 * 24 *. 3 * 

4 % — Vu western - 1413 5% 5% 5* >V H 

17%.,—% WltSrs - 234615* 15ft 15% — * 

3T* —ft WsrwOn _ 4417 9 8* 6* 

4 .% W*fS«ri _ 1091 7* Z% 2 % —ft 

25%—JVu Wevcn JO 2J IBS 34* 34 34V, - 

ST * n ^rL ^ ~ 76 Tib 7% 7%n -%. 

9% -% WhcaJty M J *5569 15ft 14T% 1SW *ft 
53 ,% WhlteRvr _ 325 37* 34 Mft -lft 

16 -% wnttfdl AO 2.1 1220 28% 27% 78ft - 

16 -% WhnrPdS AO 2.1 1220 28% 27% 78ft 

21% -1* WWFdb _ 7138 19ft 16% 17* • ft 

27* * WhotCefl — B33 7*M 6% 7ft • ft 

38% -ft WhoHty - 127313% 11% 12% —ft 

t — % WiekLU _ 370 IS* 14% 14%— lft 

6% -ft WlyJAS 62 IJ 15143 42 42 —ft 
79, .% WHtorm ,96 1012705 47* 44ft 47% .2% 
2% WtnSans _ WMMft 31% 32ft— lft 

4* _V, WBrnTr MO 61 933 27 26% Mft — % 

.ft -Vu WMflSvr _ 129 4% fU 4% -% 

3 % -% Winstrr - 7293 4% 3% 4'%, 

10 _ WimlFu _ 637 9% 8* 9 1 ." 

35 .ft WmriwH J6e J 119411 10% 11 • ft 

IB -ft WmthpRs JOB J 18611ft 10% 10% —V, 

4ft — V* WMAp. 

4% —ft WiKCCT 1 - 1754 37 35% Mft . 1 

34%. 1* W0UH1 J8 IJ 417 16V, 14ft 157b -1% 

5 — ft Wontbvre _ 310416 IS IS — % 

24* — % Wood® 34 23 77 isv, 15 15% ’ % 

8 .% WricCoD Si 1.9 11329% 28* 29 — % 

4ft — Vu WMAO, _ 2442 20% l»ft 70ft -ft 

WortFQs .12 1.1 44910* 9% 10% -ft 

. Wortno I AO 11 4174 JO 18% 19% -ft 

1 Wyman _ 1437 6% 5V, 5% — % 

4% —Au Top*Ap( 

67%— 1% TorWay 
Mft -V- TatCam 
6* - TaffTrf 

23* r ft TOWTAir 
14* »% Trocar wl 
23* — * Troar 
23% - TraeSua 

lift— 1 Trx%Ju 

4% — % TrrtJO Z 16] 3* 3ft 3% _ 

10% - TmMu* _ 90111 M* 11 -* 

23*— 1 Tftnun — 40 lib 1% 1% — 

1 8ft - Tmswa _ 461 Mb 2 2ft 

19 .* TrWstwtA - 10 H lb ft _ 

29ft •* TrWBwtB _ » ’ft %. 'ft .Vw 

29%— 1% TrrtWw - 129310% ID 10% 

23% — 1 % Trn y nt — 207 4 3% 3* - 

22% — * TmmrdS — 413310% 9 9% —I 

Ob —iVu TmRoCP - 154923ft 22% 23 — Vu 

8* —ft Tmsm — 265 »■*, 21ft * % 

7 - TrenwhC* -20811% 11* 11* -ft 

6* «■% TriMBC .»I4B 1215 14% M% .ft 

13% - T«**tW i - 1995 9ft 8* Bft - 

4% — % TwIdH Wl _ 896 4ft 4 4ft —ft 

M —ft TravPrl _ 174 2* 2% 2ft 

- ttA 4ft 3* 4 .ft 

- 998 14% 12% 14 — % 
1J7IT0J 10917 16 17 +1 

JMC J 163410ft 9% 10 -V, 

_ 00 5% 5% 5* .% 

_ 304 7% 7ft 7* - % 

_ 1075 28% 36% 27 .% 

_ $16 14* 13% 13* 

Si 23 89816% 15ft 15* —44 
_ 161 3% 3ft 3% _ 

V Bond 






ValVlS A 







30* —ft 1 Troadcn 

_ 896 4ft 4 4ft —ft 

_ 174 2* 3% 2ft 
.Id 1.1 *897 14* 13* IX* • Ift I 

- 17$ 41b 
-79163 15% 

JO AO 147 10% 

Jlise A 1 8* 

- 7273 3ft 

- 1351 11% 

- 156 lft 

J32 2J 3511$ 
JO IJ 737 16* 

- 537 3% 
_ 7119 S% 
-13176 74 

- 414857% 

- 1509 5ft 
_ 199716% 

- 875 8% 
JO 2.1 1113 20% 

- 221b* 
_ 290 5% 

J49 23 492 11 
_ 519 4ft 
-13556 « 

_ 10612 20 
2 2* 

Ji ll 2 9 
» 854918ft 
_ T97JTJ 
JO 2.9*1119 lift 

- 294 7 

J6o2J 30214% 

- 337 7% 

- 2157 12* 

- S21 11% 

- 628 6* 

- 376 lft 
_ 3479 4ft 
-. 2240 9 

- 3m 73 

- 1000 1 5ft 
52 U 48127% 

- 32S 7% 

- 82 3 

2022 11ft 

359 3% 

3% 4 

13% Mft -Vu! 
9% ID . Vi 
8* 8% —ft 
2ft 3ft —ft, 
10* TOWu— Vu 
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IS* 16% . IVu 
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4* SH —ft I 
20V, 21 —3V, ! 
35ft 35% - 

4'Vu 5V U — Vu 
14% 16% -% 
6* 8 — % 
19% 19% — % 
16 16 

5% 5ft -ft 
10* 11 

4% 4ft . '3 
3ft *%.— V*u 
16ft 17V,— 2ft 
2% 2* —lb 

9 9 -ft 

16ft 17% .V, 
0* 10ft— 1* 
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6% AM — % 
13 14% .2* 

6% 6ft —V. 

10 10ft— 1* 
11 * 11 % 

59b b —lb 
I 1 -%» 

3% 3% * M 

7 7 —1* 

30ft 21 — * 

14% 14% —ft 
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6% 6% -* 
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10% 10% —V. 
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x Rite 







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YorkFn JO 









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- 7371 2ft 2ft 
J 4177 28* 34% 

_ 863 9 7ft 
_ 185 8'A 8 

- 3871 2% 2ft 
—26856 35V, 32 
_ 14489 15% 14% 
_ V5A l» 14% 

- 60 lft Ift 
_ IMB 19% 18% 
_ 189016% 14% 

Sft — % 
27% -2V» 
Sft -V, 
8* -ft 

TVu — Vu 

32% ». 

15 -Vb 
14% — Vt 
lft _ 
19% »ft 
15?. -% 

6.910024 19% 18 19ft -lft 
_ 21 1* 1% 1% 

3J 4620% 19* 19* 

2383 4ft 2ft 4 . % 

_ 455815% 14% 14* _ % 

_ 2416% 

_ 2563 Oft 
_ 271 3ft 

- 631 9 

_ 5698 37ft 
_ 5576 17% 

- 3497 Sft 
_ 4317 30* 
2.9 3598 40ft 

- 3397 Sft 
-45874 11% 
.. 414713ft 

- 1590 9% 
1574 2Wu 

* 4 6 

- 217 Jft 

_ 50310* 

16 16% —ft 

8% 0% —ft 
2V, 3ft .ft 
7Vi 8 —v, 

31ft 35ft — I* 
15ft 17% .ft 
3 3ft _ 
29 39*— 2% 

30ft 38ft— 2 
4ft 5 -Vu 
‘ft 8ft —2b, 
9ft 13 .Jib 
8% Bft —ft 
2% ?V B —ft 
6 6 _ 
7% 2ft —ft 
9% 9% — ft 


m icc^l ^uitriHCr* n-uil>-x±e\cirtalHiitHfiAnnnnmiBra* > t» 




O N D A Y 


Silence of the Champ: ‘Reserved’ 

jgno, Chiappucd and Rominger all started this 
four and all withdrew before the strenuous last 

By Samuel Abt 

Immahtma} Herald Tribune 

PARIS — Miguel Indurain rode into Paris in 
triumph Sunday, celebrating — if that is the word — 
his fourth consecutive victory in iheTour de France. 

Just two other riders have recorded four consecu- 
tive victories since the world’s most difficult, richest 
and greatest bicycle race began in 1903. Only those 
two, Jacques Anquetfl and Eddy Mercia, plus one 
other rider, Barnard Hinault, have ever won it five 
times. His latest victory elevates Indurain, a 30-year- 
old Spaniard, closer to the level of the sport’s great- 
est champions. 

"Only the Tour counts," he said in an interview a 
few days ago. “Every race that comes before it is 
merely my preparation for the Tour. It will be my 
major goal again neat year.” 

Despite suspicions in the late spring that he was 
declining, Indurain finish ed first in the three-week 
race by his greatest margin yet in least overall 
elapsed time. 

In 1991, Gianni Bugno, an Italian, was second by 
3 minutes 36 seconds; in 1992, Claudio Chiappucci, 
another Italian, was second by 4:35; Iasi year, Tony 
Rominger, a Swiss, was second by 4:59. Sunday, the 
man on the second step of the victory podium, Piotr 
Ugrumov, a Latvian, trailed bv 5:39. 

Traditionally the overall leaders do not contest 
the final road-stage victory and Sunday they were 
not given a chance to be so gracious. In a rare 
breakaway on the Champs- Elys^es, Eddy Seigneur, 
a Frenchman with the Gan team, overtook Frankie 
Andreu, an American with Motorola, in the final 50 
meters and won easily as his exhausted rival 
slumped on his handlebars. 

In the midst of the trailing pack rode Indurain, 
who had no more to prove. '1 have nothing to say to 
those who announced my decline," he remarked at a 
news conference when his final victory was assured. 
“I already answered them during the race." 



week in the Alps, victims of days of extreme heat 
and cold, sickness and fatigue. 

They were victims also of Indurain’s unvarying 
ula for success: He builds a big lead in individ- 


ual rim e trials, or races against the clock, mid then 
stays with his rivals in the mountains, letting A — 
falter while he consistently finishes near the f; 



At 6 feet 2 inches (1.87 meters) and SO kilograms 

' tslo 

(176 pounds), his usual weight although he has lost 2 
kilos in this Tour, Indurain has the build and ex- 

traordinary power to pedal faster than the rest in 
He also has a huge lung capacity to 

time trials. 

replenish his muscles with oxygen. 

What also sets him apart is his ability to climb 
despite his weight. “A great carcass like that always 
making it so well over the mountains — incredible,” 
Merckx, a big fellow himself, said in tribute this week. 

On Sunday he was glowing in his leader’s yellow 
jersey, as the 1 17 riders remaining of the 189 who set 
out July 2 finished on the Champs-Elysfes before a 
crowd estimated at the usual half a million. 

So Indurain had much to celebrate on this hot, 
humid and ultimately misty day, the last in a journey 
covering 3,978 kilometers (2,474 miles). 

He did smile happily after he mounted the victory 
podium to the familiar ton step. He looked pleased 
when he received a check for 2 million French francs 
($400,000), which be always gives to his teammates. 

But really celebrate? Pop the corks on a flood of 
Champagne, make some noise, sass a few oppo- 
nents, flirt with a wife not his own at the victory 
party? Not Big Mig. He didn’t even whoop when the 
Tour crossed its last finish line. 

Seigneur, the stage winner, was timed in 4 hours 
43 minutes 34 seconds for the roundabout 175- 
kilometer trip from the Euro Disney resort into the 
center of Paris. He finished 3 seconds ahead of toe 
dejected Andreu, who bolted away from a five-man 

breakaway near the end of the last of eight. 6- 
kilometer circuits of the broad avenue. - ' 

Bo Hamburger, a Dane with TVM, was third. 3 
seconds behind Andreu, followed in the same time 
deficit by toe rest of the breakaway, Jorg MtiDer, 8 
Swiss with Mapd-Oas, and Arturas Kasptttis, a 
Lithuanian with C hazaL The main pack arrived 29 
seconds behind Seigneur. 

Indurain’s total time for the Tour was 103 hours 
38 minutes 38 seconds, an average hourly speed of 
38 J kilometers an hour. 

Ugrumov, who rides for Gewiss, was 5:39 behind 
him and Marco Pantani, an I talian with Carrera, 
was third overall, 7:29 slower than the victor. 

Other big winners included Richard Virenque, a 
Frenchman with Festina, who won toe climbers’ 
king of the mountain jersey and Djamotidme Ab- 
doujaparov, an Uzbek with Fold, who won the 
points compctition- 

ln addition to his 2-nnUion-franc check, Indurain 
gained a stylish jpieoe of sculpture and a secure place 
in toe history of toe sport by matching toe record of 
victories in four consecutive Tours. Aaquetil, a 
Frenchman, won in 1957 . and then from 1961 
through 1964, and Merckx, a Belgian, won in 1969 
through 1972 and then again in 1974. 

When Hinault, a Frenchman, won in 1978, 1979, - 
1981, 1982 and 1985, he joined their dub of five- 
time Tour champions. 

Indurain is remarkably unlike other champions in 

sport earrings or gold 
chains, he wears only a wedding band on his right 
hand, European style, and a plastic watch. 

The inner man is just as fundamental. Friends say 
he is humble and polite, “reaT and "honest” 

But after a decade of exposure as a professional 
bicycle racer and countless interviews since he be- 

came a star by winning his .first Tjpur. in J99L 
Indnrain’s thoughts are known to fcwpeople. : . 

“He prefers to listen Tathartban speak,” says 
Eusebio Unzue, who discovered Indurain in a race 
for Spanish juniors at age 16. “No one can get inside 
his mind/^says Pedro Delgado, Indunm’s tongtitoe 
friend and teammate. 

Thne are even those who contend that he has no 
thoughts outride the rhythm of the sport: race, eat 
and sleep. The champion's word forminself is “re- 
served." He used it without any rigu erf defensive: 
ness in an interview with a handful df reporters 
before the Tour finished. ’ 

“It’s true that Ym. reserved and I fed a need to 
protect my private life,” he said.' Tm a Side toe 
same on toe bike as I am in life -Hwervei 

“That’s the way I am and I can’t change even if 1 
wanted to. And I don't." 

Do his still waters run deep? Do they run at all? 
He was bom and; reared on a faun, in northeastern 
Spain, and a reporter for an Australian newspaper 

background had made him reserved. Profound mid 
private, toe questioner put it. ' 

■ “It doesn’t make any difference," he responded. 
*T know people from toe country vtoo are profound 
and people who aren’t The same for people from toe 

The four reporters had decided to ask broad 
questions rather than ones about toe Tour. Indumiii 
the man was toe quarry, not Indurain the rider. 

Had reaching the age of 30, which he did July Id', 
given him a new sense of panache, that dazzle he 

third Iastmonth after two awoesave V^tone*;, ^ 
Bade to square one: 

* _ .1 1 michmi 

Barit to square one: mid raeyuu. 
pride that was pushing him to victory tn toe , .. . 

^o^ anal^dwbat h^pmed m tl^ Giro awt, ... 

i — . t won't vet at fflv best leva, w 

“Nol analyzed what happened m to* vu™ 
know toat IwEt yet at my best ; > 

rve made a lot of progress once toe Giro andTm^:, 

happy about that” 

How did it affect him in his reserve “ £\? 

“Wdl. everybody knows me m Spain, that 
but maybe not all over the. werid. K J go 
Yotfc. toe customs officer doesn t ask me for v . 

autograph." ' , • 

How important is his extended family —--toe i—.-- 
parents, three sisters, brother, uncles, auxUs _®*~ 

-Mti, whfYfn lift pmv uo in Navarre Prov- 

parents, three asters, brother, uncles, \\.y 

cousins — with whom he grew up in Navarre Frov~ a . 
j pg *, near Pamplona? ; _ • > 

•*1 have a good team, a good family, good spirit . 
and that’s all important. To be secure is important. • - •- 
A good entourage keeps you stable, keeps you fed- ■ 
ing right” . ■ . ■ ■ -- 

’or the final questions, exit Indurain toe man, t 
enter Indurain the rider. 

If an American reporter could ask if he would ride s 
in the Tour DuPont next May (“We’ll have to ’ 

«-• .1- s ih» ? 

dtamine. it, the pros and cons, and decide") toe *' 

e _ .v. w. A..rfmKg m»M wMiner if 

usually lacks on and off the bicycle? 

Je cuff ere 

“It’s true that I rode a little differently at’Hanta- 
cam and Lnz Ardiden,” he replied, referring to toe 
two finishes in the Pyrenees where he disposed of bis 
main opponent, Rominger. “On the dimbs. I saw 
that my rivals were behind, so I accelerated.” 

reporter for toe paper in Australia could wonder if \ 
he would consider toe Sun Tour there in October, 

he replied. 

“No, not at toe end of the season, 

“Then it’s time for vacation." , . . 

For 'the first time in heady an hour, Indurain 
became moving his hands in a way that 

seemed to mrrrrrir playing a guitar. 


ju -E- . -tr 

-M - : - - 1- X . r v^- 

i "m tnwnd „ ,iH - 

Major League Standings 

(Tbraen Saturday's Gamas) 


East CM vidai 

W L 



New York 

59 36 




S4 40 




46 SO 




46 SO 




43 54 



Central Division 


58 31 




56 38 



Kansas City 

50 47 




45 51 

M It 



45 32 



WrotDi video 


46 51 




43 54 



Cal Horn la 

42 S7 




40 55 




East Division 

W L 




St 37 




58 39 




46 52 



New York 

45 51 




44 53 



Otnfrai Dirtdao 


57 39 




56 42 




46 50 



St. Louis 

46 50 




42 53 



West Division 

Los Angeles 

48 49 




47 52 



San Fronctoca 46 52 



Son Diego 

39 60 



Friday’s line Scores 

Alomar, W— Morris. W L— Sanderson, M. 
5 v— Russell iisi.HRs-aucono, Raimi (1D>. 
CJcvotond. Thorn* 3 (IB). Lofton tn), Balia 
(JO). Sorrento (III. 

Kansas air til boi 0S9— 2 J 1 

Detroit OSS >11 03* — 5 ( 1 

Guta I era. Brewer (&>. Meochom (71 and 
Madartane; Moore. Groom (9). Soever I?) 
and Tetlletaa Flaherty If). Ml— Moore. 94. 
L — Meochom. l-l Sv— Soever (21. 

HR»— Kansas City. Joyner (It, Modotlom 
(13). Detroit. K. Gibson (28). 

Minnesota HO all M M 1-4 111 

Milwaukee IDO 13 HO M M 12 2 

(13 halm) 

GoardotlB. Trombley (3), Comafeell IS}, 
SctMlistrwn (7), Guthrie (lot. Aaullera (11) 
ana Walbeck ; Scanlon, Mercedes (6). Fetters 
(9), Navarra (ID) and Wrono. w-Aauiiera V 

3. L— Navarro, 3-7. HRs— Minnesota. Puckett 
(M>, Lei us (131. 

New York 120 223 US-12 17 1 

California NO 200 01*— 1 t 1 

KamienlcckJ, Mulhaliond (•> and Leyrttz; 
L— Tine, Lewis (51. B. Pattetenn (8). M. 
Lo«er (7J and Myers. Dalesandro<W.W—Ka- 
mlenieckl, 7-& L-Lerralne. 0-1. HRs— -New 
York, WHUarm (12), urvrllz (14), Stanley 2 
(13). Cal Horn la. Jackson (12). 

Baltimore 0M ON 1M-S 6 ■ 

Oaklood 021 BOB W*— « 7 3 

Mussina. Smith (W and Ha(l»TackatT (*) ,• 
Mower, Taylor 13), Briscoe (5), Vasoerp (7), 
Acre (B), Lei Per (9) and SteMnch. W— Mus- 
sina 1*4. L— Mower, d-1. Sv— Smith (31). 
HRs— Oafftmnra Pafmefro |201. Holies |1BI. 
Oamatd. steinbach (ill. 

Seaffie M OH OOT-O 10 * 

Boston me on »o-a & J 

Johnson, RWey (7), AyWo (0) and WHeon; 
Seta. Howard (7). Fan- (8), Fassas (91, Bank- 
head (9) and Rowland Barryhlil tfl.W— John- 
son. il-d u - Seta 74. Sv— Aram (H). 

Terns bbo ota aa-3 7 fl 

Toronto BU 000 10*— 3 « • 

Raaon ana RodHaueu Slewarf, Hall W) 
and Barden. W— Stewart, 7-B. L— Robots. Ilk 

4. Sv — Hall 112). HRs— Texas, Conseco (2*). 
Toronto, Mainer (12). Snramn (10). 
ChicaBo OSi 012 (Of— B 17 1 

Cleveland W IX 0e»— * 12 1 

Bere, San de r so n (l). Cook (5), DeLeon 17), 
AtsenmaebBT (U and LoVoinere; MorrfjtD^ 
Pata (4). Cos km (7). Plunk (0), Ruseell (V) end 

Cincinnati 3M IBB 28*-4 11 2 
CM coon 110 B22 lib#— 7 10 0 

Roper, j. Ruffin It), Service (7), Carrasco 
(8) and Toubensee. Dorset! IB); Moron 
Veres (71. Otto (7). Grim (7), Pies* (01, Mv- 
ers (« and Wilkins, wr— CrtmA-3. L— Ser- 
vknO-1. Sw— Myers 09). HRs— CJncJnrxrtt, 
Mitchell (24), Toubensee 18). Chlcaan Grace 
M), Sasa (241. 

(Firs* Game) 

San Dleae 2M BOO Hi— 3 14 2 

PMadMpMa 201 an Ns— 4 9 0 

Hamilton, Tabaka (7), Mauser IB) and Aus- 
mus; Munoz, Slocumb (7). Janes 19) and Lie- 
berthal. w— Munoz, 6-3. l— H omltton, 6-5. 
Sv — Jones (25). 

(Second Game) 

Sou Dtaao IN 011 030-7 M 1 

PbHadCMlta MB N1 800—4 13 3 

S. Sanders. Tabaka (4), Brocall (6), Pa. 
Martinez (A). Hof t ittcn (I) and Johnson) Va- 
lenzuela, Borland «J. Andersen (TJ.Gwrrfrffi 
(B). Carter (9) and Pratt. W— Pa. Mortlnez. 3- 
1. L— Andersen, 1-2. Sv— Hoffman (151. 
MR— Philadelphia, Pratt (». 

(Ptrst Game) 

Altmta 000 BN BOB-B 5 2 

SL Loan ON 130 Wx— 5 A 1 

Merdcer. WoWers (7), SMMeM (5) and Lo- 
pez; Urban), Aradw (9) and PomzzL 
w— UrtxmL2-SL — Mercker.8-3. HR— St- Lou- 
is. Ztfle (13). 

(Second Game) 

Atfcnfcl BN Ml KM 4 0 

SL Loots >21 000 BBS— 3 A • 

Woodall, Bedreskai (7) and O'Brian; Sut- 
cllffe. Habv* ( A). MurMiv (8) . AraCho (9) and 
T. McGrtff. W — Sutcliffe, 64. l— W oodall, 0-1. 
Sv— Aracho 19). HRs— Atlanta Justice (14). 
SL Louts. Whiten 111). Coolbough. 

Son Francisco SOI 001 llft-l 9 B 
New York 400 BU HP— A 7 1 

Swift. Gomez (A), van Land Ingham <71 and 
MonwarMs; Jocomek Mason (7), Gunderson 
(7). J. Mammilla (71. Franco 19) and Hund- 
ley. w— jacomo, 3-1. L— Swttf. 8-6. 
Sv— Franco (231. HRs— San Frendsca. Bonds 
(301. New York, Kant (13). 

LM Aneetes BN IN *81— J A B 

Montreal 4)1 Ml ata-B M 0 

Astado, McDowell (3), DaW (A).Saanez (A), 
Gotl (SI and Piazza, Hernandez (71 ; Hilt Scoff 
(9) aid Fletcher. Soeltr (9). W— HIM. M-4. 
1 64. 

Plttsborah BN IN 300-4 9 2 

Houston ON Bto 006-1 7 1 

White. R. Mantanlllo (Sl.Waoner (TI.McmII 
(7), Dyer (9) and Stouaht; Drabek, H umutim 
(7). Veras (B) . W— R. Manzanillo, 4-2. L — Dro- 
bek, 16A. Sv— Dyer (4), HR— PlKsburah,Mer- 
ced (8). 

Florida m BN BO— 4 4 V 

Colorado BN BN HB-B 1 • 

Ropp and Santiago; Painter. GrHarrb (7), 
Slalr (9) and Sheaffer. Owens (91. W— Raoa 
A-5. L— Pointer, 34. HRs— Florida Browne 
«), Santiago IS). 

(HI) and CH. Howard; VaoennwxLCHtntonf 
UU, Fassas (B). Farr (8), Melendez (11) and 
Rowland, Berrvhra (7).W-Ayata>2. L-Mw 
tendez, 61. HRs— Seattle, Griffey Jr (36]. T. 
Martinez (14). 

Texas BN 081 HD— 1 4 B 

Toronto AM 111 Mx— * 9 B 

Folardo. Carpenter (5), Ba honor (71, Hon- 
eycutt (» and 1. Rodriguez) Ortiz Ms A. 
Latter. Timlin (8), w. Williams (9) and Knarr. 
W— A. Letter. 5-5. L — Fakxtto, S-7. HRs— Tor- 
onto. Carter (71), Knarr 2 (7). 

Baltimore IN BN M3— 3 5 1 

flnlrin m i oz} mb n*—t 9 • 

S. Fernandez, Wtmarnson (4), Oaulst IB) 
and Hailes; van PonaeL uffper (S>, Welch (8). 
Ectersley (V) and Heraend. W— Von PaoaeL 
69. L— S. Fernandez. A-S. Sv—Edcersley (1A). 
HRs — Baltimore, Palm t ir o Ol). Ot*l and. Si- 
erra (21), Brasl us (11). 

KOBSaiatV Ml HI M3— 4 S t 

Detroit DM NT HB-1 3 I 

Cone. Montgomery (9) and Ma d a r lane: 
GuNJckean, Cadaivt (U, Gardiner 19) arid 
Tettieton. W— Cane. 14-4. L — Guilkjcson, 4-5. 
Sv— Montaamery (19). HRs — Kansas City, 
Hamel In (M). Mae (TO). 

Minnesota Kl MB 019—5 7 1 

Mfheoukee 001 BN 000— l < 0 

Monames, Stevens (4), Gattvlt (9) and 
Parks; Miranda, Ignaslak (A) and Nilsson. 
W— 8iever»s, 3-2. L— Miranda. 1-1 HR — Min- 
nesota, P. Munaz (9). 

New York 2M MB 006-7 14 B 

CaMorala ON MB 418-2 « D 

Hitchcock, Ausanla (7). P. Gibson 19) end 
Stanley; Bn. Anderson, Springer (5), Mo- 
gnaw IB), Grohe (9) and C. Tumor. Myers (5). 
W— Hitchcock. 2-1. L— Bn. Anderson, 65. 
HRs— New York, CTNeM OB), Shmley 04). 
CalHomla c Davts (71), C Turner (1), 

5 v— Beck CO). HRs— Sen FTcncbca Bond* 
tSDr-Ma. WHUarra (3«. New YorH. Kent (14). 
San Dlega Ml ill J08-7 12 1 

PMtodemWa BN Ml M»— 1 7 3 

Krueger. Mauser (7) and Ammus; Rivera, 
Borland (7). Aaderaen (B) and UeberthoL 
W— Krueger, 3-2. L-Rhrera, 3-3. HRs-San 
Dieso, d. Bell (12), Aasmus (A). PhHadelPhta, 
R. Jordan (7). 

Uk Aeeeka IN Ml N6-e 4 1 

Montreal IN BN tttv— 2 A I 

Oxidkon. vaMes 18) and Co. Hernandez , 
Piazza (U;Fassera,RshM (7),WetMand(B) 
and Webster. W — Fassnt^A-A. L — Cixkfiotff, 7- 
5. Iv— wet le fcxei (17). 

PltWberak BN BN HD- B 4 B 

Haastoa 2 « in •*»— II n B 

Cooke, Wagner (3), Rabertson (5) and Par- 
rish.- Reynolds and Eusebio Reynolds, *4 
L— Cooke. 42. HR— Houston, Bagwell l»i. 
Florida NB BN 283— 4 IB 3 

Oolsrado BIB B« IBM-5 9 1 

Schefd, R. Lewis (5), Mathews (At, John- 
stone f7} and Santiago; Freemen M. Munoz 
(7), a Reed IB), a Ruffin (9) and Owens. 
W— Freeman. 62 L— Sttmkf. 0-2- Sv-B. Ruf- 
fin (IS). HRs— Florida, K. Abbott (9). Cotoro- 
da Galarraga 2 (30). Haves (9). 

Yamlori K, ChanfdU 2 
HanMn & Yafcult 4. 14 hHdngs . 
Hirostdmo 6 Yokohama 4 12 Innings 
PUBe L o af 


CFL Standings 

W L T 



SUM 46 38 a 




DOM 44 33 I 



. W L 


OrtX 43 34 • 




2 1 

V >4.6 

Kintetsu » 39 1 




1 2 


79 TOO 2 • 

Lotte 33 45 B 




- J 1 

79 17 2 

Nippon Ham IB 51 2 




..1 2 

« 117 2 


B 3 

SB 93 0 , 

Laffe 7, Setbu 2 


- D • 3- 

0 " 

N-JW fr’ 

Kintetsu a. Daiel 3 


Brit-CotumWa 3 0 

123 S3 8 

Sundays Resutts 


2 1 

121 57 4 

Selbu 7, Lotte £ M innings 


2 1 



Kintetsu 7. Delei 3 


2 1- 

■4 70 4. 

Orix m. Nlnxxi Ham 1 

Saskatchewan 1 2 t 

T9 77 4' 


* V 

73 74 6 

• ; ( - 


Saskatchewan's. Toronto 34 

ScderOaVV Om 

: . .Va 

(tcey, Qznr»«n,7;l9; 4 Luc Leblan&Fraaoi. 
Festtna, KMOj'S, Richard vinmvi Francs. 
reilltWj U:10, 

4 Roberta CoM Itatv, GB4MG. 12:29.- 7. 
AOjerta EM, Italy, GB-MB, 30:17; 4 Alex 
ZMM, Switzerland. ONCE, 30:25; 9, Udo Bolts. 
Gennooy, Trieknm, 25: 19; 10, Vladimir Po«6 
aBaiv.. Russia Carrera. 25^8.. 

It Pascal Uba Rvcs PegHna3A.-0l; IX 
Fernando Escarfln, Snakv. MmL H 
Gkmktm OortotamL Italy. DM, 32:35. 14 
BfaraeRBs. Denmark. Gewiss, 33512; 15. Os- 
car PeMdolL Italy, PoM. 34 A 

E ra load .ml Seme Africa. 

The Michael Jordan Watch 

Saturday’s Line Scores 

Chicago BN IN M3— 2 10 B 

devote CM 110 232 Mx— 11 15 0 

Ruffcara DeLeon (5). H. Hernandez (fi) end 
nngiev, Melvin (7): Grtmsley, Mesa (9) aid 
S. Alomar. W— Grtmsiey.M. L— RuffamH- 
HR— aevetand, Sorrento (12). 

First Gone 

Seattle MO MB JP3-5 H 2 

Bootan M0 011 tie— 4 is ■ 

Fleming. J. Nelson (A), King (B). Gassoas II) 
and D. Wilson; HcstoffvBatiidieod(7),K.Ryan 
(9)andBerryhUl w He3ketti,65. L—Ftemhta. 
6)1. Sv— K. Ryoo (HI). HRs— Seattle, Buhner 
OA). Boston. BerryhOl (A). 

Second Game 

5eatfte m bn in <8-4 IS I 

Boston M0 OU NO M— 3 A 0 

Ot tataies) 

Cummings. Boskle (A). Rldsy (B), Ayala 


Atlanta M0 SB4 *10 MM IB 1 ' 

SL Lewis Mt «N 401 MM M I 

(II kndagi) 

AyeryJhnTten(7), P edra » » ui i(7).McMkhooi 
(«. Wohlers (11) ml X loom. O'Brien a); 
Wotjon, HcArytxt (A), Buckets (7), R. Rodriguez 
(5), PaJacfas IB), Aractn (IB), Evaragerd 112) 
and PagnezzLV6-watder67.L L— Eversgerd. 
3-2NRS— AhadaMcGriff (ZD, Justice nSI.SL 
Louis. Zed* (14), Alicea (4). 

Cincinnati BOB Ml 0B1 MO 3—3 1( 1 
CMcaga BN BN BIB IN 6-1 9 • 

(13 Innings) 

Hanson, McElray IB), Carrasco (B), j. 
Brantley (91.J. Ruffin dll; Foster, Myers (9). 
Bautista (IB). Grtm (12). W-d. Ruffin, 60. 
L— Crim.64 

Son Frawe Uc e 2N BN 191—4 ID B 

New York IN ON 1B6-2 7 • 

Burkett, Ma nk deone (5), Mcfconon (A), 
Burba (8), Beck <■) and M a twa r tng; Rem- 
Hnger, Oaao (9), Gunderson (7), Maean HI and 
Huudtev. W H RemUraer.lM. 

FRIDAYS GAME: JordonwentO-for-2 with 
o run scared In the Bwora* s-2 iom to the 
the second tnmra,stolo second aid soared on 
an errar.He Hewoutto carter In the fourth and 
■truck out swinging in the seventh. 

SATURDAY'S GAME: Jordan went 1-*or4 
In Blrm&tahanr* 9-4 victory aver jack*** 
villa, Jordan hit a bloou stngie to leff In the 
seventh, moved ki second anon error, to third 
on a balk ond kder scared an Holders choicer 
Jordan atsg grounded out to Nieri st eFbUhe 
second, to tint base In the fourth end ofrudk 
out swlnatne In ihe seventh. He cdso had two 
put outs In right Held, 

SEASON TO DATE: Jordai hi hitting 62- 
far-330 CUB) with 2B runv 13 doubles, one 
triple, 34 RBI* 37 wolln, *5 strikeouts and 
stale 23 boon In 37 oWrn ri i 

la SMliet Oenarr - - 

Singles, QuartarfiMts 

Andrea Gaadsazl (IB), I tidy, dsL NUriwei 
Stlch ni.Garmav. 62^2; Alberto Beroale- 
gul (4), Spam, det Yevgeny KaMnlfcav (5). 
Russia 6460; Aadrnf Oi ea n utw (12), RUs- 
sia def.TtmK» Muster (3), Austria- A-4646 
4; Bernd Karaacher, Germany, def. Lari 
Jonssoa Sweden. 63, 74,(7-3). .. 

Sea Wtta Ms -■ - — 

Goudenri det Qtanokov, 6t 67 (5-7). 61; 
Berosatagul dsL Karbactwr, 5-7. 63, 60. 

Bcrasategul det GauaeazLT& 60.74 (7-4). 
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BaHtmarn 44 Shreveaort 34 
Catgarv 54 Wlnnl w 19 
Sacramenfo 2Z. Las Vegas 20 

South Africa first Strings: 257 
1 Ebofcew ffritf Inttnee: tap 
5rMhAfrtcnse«ndlwnhM B:276B(d*ctoredl 
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Resfin South Africa wkte feet by 35 a runt. 




New Zealand 13, South Africa 9 
Mm Zealand winx series, 34) . ' 


Davkl Wheaton, UJL.deL Michael Tebutb 
Australia H 64; Bvran Block, Zimbabwe, 
det Thomas BMvbf, Sweden, 7 * 64; Jason 
SMHenberaAuefraMadef.Braft si ev nft W e ir 
Zsaknd,7-4 (74)r4463; Stolon Edboig^ww 
dsn, deL Aarwt KricksteUv UJL 64 61. 

Japanese Leagues 

Central Lsegre 

Edberg det Block. 64 M; StotMiborg dnL 
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Chunklri 4 Yomluri 2, 10 Imlnos 
Yokutt 3. Htmdlln 1 
Hlrashlma 4 Yokohama 3 

Llso Raymond, iLSv deL Helena Suhova (4),' 
Monaco, 61, 7-4; Who LoaamaMshvni, Gear- . 
okudeLMarkota Kudrin (B), Germany^ (7- 
3), M. 61; Manwria Mahore r i ug nlNo , 
SwttsertandAW Amanda Goetzar.Sauth Afri- 
ca 64 A4j Steffi Grot Germany, del. Pam 
Sfrnlwr, Mffmora, 7-4 <7-U. M CUi. 

Graf dot Mateevo F ragn l ere,6».61; Ray 
mono-det Louarsab U hvltY, 64, 6-1. 

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fcaom UBTs ON neM frees MeuMs te Luc 
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wh nl ng Wnai- V DUxn u ttdl nA Abdo u lqpO ta , 
aov. Uzheklstixv PolfL5 hoars, 50 mtnutas.37 
seaands; 3, Jan Swrxxki, Slovak** Lampra, 
tans. S.L; 4 Phil Anderson. AmfraHtu-Motw-r 
ota, sJU S, Btarne RHa Denmark, Gawhi, **. 

'6 Arael EtkvSoMa KeWne, AL; 7, GkxJuca 
BarMonL Italy, MokicLs^-S, MasskiwGtilr- 
offo- Holy, Z O MOb H L tU 9. Giovanni F6 
damn, Italy, Pan, sJU 14 Froeoh sknon, 
France, CoMorawta »X 
Results Sun d ay of Mu 173-kDomster- 0*6" 
mJl*)3WndlhMf s log s, frenr Eemr i lra i r h : 
Paris: t. Eddy Sehneur, Franc*, GAN, 4 
hotn 43 mbiutas,» seconds; XFttMch An, 

dreu. Moforoia 3 seconds bafflnd; X 8c 
HomberoaDtnmork,TVM,Aj4 Jen Mul6 
LBftuania, ChazaL A,' 

LDIamolldlne Abdoutaporaov, UzMdsian, 
PWM. 3 5; 7, Vyacheslav Yuhfmaw Russia 
worth ur iuq , 27; 4 Sthrto Mcrthwlla ituty, 
Mercwon*r 29; ft. Anoet Eda Spola Kslina 
some llms; 10, Ohrf Ludwta, Germany, T»e- 
kom, same time. ■ 

Ftaaf Ovarafl W rad hra: L Miguel Indun- 
alit Brain, Bonesta.W hour*, 3B minutes 3B 
seaxKN; Z Ptotr Ugrumov, Latvia OewtsaJ 
mlnuhs^Vsecondi bdKad j 3.Morco pmM, 


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American leasee 

BALTIMORE— Activated Lonah Smith,' 
oatfhfder,ftwml5day disabled Bst.Ogrieaed ■ 
Jack Ydiat auHMihr, to Bawkv BL, 
CALIFORNIA— QataiedaabA4e(vkvcDich-' 
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hnrutf Aady Adaneon, catcher, from JSday - 
d to sh h d lli f la e m ergency ABdaydhabledHsL - 
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P itcher. Optioned Boll Zupda outfielder, to 
MashvQle, AA. ' 

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nQefter, on Ifdsr (ftsaUod fl*. 

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cahhur,frai)iT6dav dtM*hd Hot. Sum NOki ■ 
Matheuy. catcher^ to New Origora, AA. 

MtNNESOTA-AcnvdM Pat MahOffiM. 
pHcheriipid Dave mafhktdeslenatud (Drier, - 
from 16day (Hsabtad Bet Opftoned Eddie 
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SEATTL E RUcuihHt Shown floskh, nftefa- 
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Spain Overpowers U.S. for Federation Cup 

— ■ • • 

LX .«*. ... r v ^ —**» . . **“* A- ^ - . 

Gwen Torrance of tbe U.S. edging Russia’s Irina Priralova in the 100 metmScunday. 

Yeltsin Gives Games a Boost 

The Associated Pros 

ter several days of embarrass- 
ing logistical and organiza- 
tional snafus, the Goodwin 
Games got off to a smooth 
start with President Bods N. 
Yeltsin kicking off the show. 

Crowds were scarce at all 
events, except for the open- 
ing ceremony at Kirov Stadi- 
um, where a near-capadty 
70,000 people watched the 
two-hour extravaganza. 

A day earlier, organizers 
had been forced to postpone 

the swimming evrats because 
the water in tbe indoor pool 
was a murky green because of 
a faulty filtration system. 

But after an inspection, of- 
ficials declared the water safe 
and gave the go-ahead for all 
20 swim races on Sunday. 
The Swe dish team withdrew 
at the last minute, however, 
citing health concerns. 

Alexander Popov won the 
50-meter showdown with 
Tom JagCT of the United 
States, but Popov's 22.55 sec- 
onds was well off lager’s 
worid record of 21.81. . . 

American in Italy: 
Padova Signs Lalas 


ROME — Aleati Lalas, the 
American defender whose goa- 
tee and shock of red hair made 
him one of the most noticeabte 
figures of the World Cop, has 
joined the Italian dub Padova, 
becoming the first American to 
play in Europe’s most presti- 
gious soccer league, the team 

Lalas has gone to newly pro- 
moted Padova on a one-season 
loan worth 300 million Ere 
($190,000) to the U.S. Soccer 
Federation, said a chib spokes- 
man, Piero Aggrapi. 

i .alas, 24, who has said his 
dream was to play in ltaly, has 
never belonged to a dub and 
has played for two years as an 

Padova had sought to sign 
the Swedish defender Joachim 
Bjoddund, but Aggrapi said the 
dub opted for the American 
because he was just as good as 
the Swede, who would not have 
been able to join the dub until 

“We went with Lalas because 
he’s at tbe same level as Bjork- 
hmd and, more importantly, he 
showed a genuine desire to play 
in Aggrapi said. 

Lalas had also had talks with 
Coventry City in England. 

“It was his dream to play in 
Italy, and I think that's why he 
preferred Padova over Coven- 
try,” Agrappi said. 

Lalas is to arrive in Italy on 
Monday to begin training for 
an Aug. 14 friendly against Ju- 

Also, fie is expected to play 
with the US. national team at 
England's famed Wembley star 
te on Sept 7 in a friendly 
against England. 

It is the UJS. team’s first invi- 
tation to Wembley, and it will 
be the first time the countries 
have met since the Americans 
beat England last summer in 
tire UJS. Cup in the United 
States. (Reuters, AP) 

■ No Barcdona-Hagi Deal 
The Romanian star 

champion Barcelona have 
failed to agree on transfer 
terms, Reuters reported. 

Hagi, one of the outstanding 
players of the World Cup, left 
the dub cm Friday night after 
several hours of talks. 

“I came hoe with a set of 
terms and now they’ve been 
changed,” he said. “I am disap- 
pointed because I wanted to 

A Barcelona official. Joan 
Gaspart, denied that the dub 
had changed its offer. 

“We could not agree on some 
economic aspects,” he said. 
"The breakdown is finaL” 

Hagi had been expected to 
sign a two-year contract worth 
125 million pesetas ($955,000) a 

ed cm Saturday that disagree- 
ment over a possible option for 
a third season had caused the 
talks to faiL 

Hagi, an attacking midfield- 
er, has played the last two sea- 
sons for Brescia in Italy. 

Melvin Stewart, U.S. world 
record-holder in the 200-me- 
ter butterfly, beat his chid 
rival, Denis Pankratov of 
Russia, in a slow 1:58.46. 

In track and field events 
Sunday, Lance Deal became 
the first American since Har- 
old Connolly at the 1956 
Olympics to take a hammer 
throw title, beating the vaunt- 
ed Russians on their turf. 

Deal buried the hammer 
80-20 meters (263 feet, 1 inch). 
Vasili Sidaenko of Russia fin- 
ished second at 80. 12. 

Jimenez Is 
Winner in 


The Asso ci ated Press 

HILVERSUM, Netherlands 
— Miguel Angl Jimenez of 
Spain shot a two-under-par 
round of 70 on Sunday to win 
the Dutch Open golf tourna- 
ment by two shots. 

The Spaniard had only to 
hold par on (he par-five 18th to 
take the title, but he pitched to 
within two meters of the pin 
and holed the putt for a birdie. 

It was a fine recovery for Jj- 
mfcnez, 30, who had looked to 
be stipping after a sequence of 
three bogeys on the 12th, I3th 
and 14th boles. But he showed 
no trace of nerves on the last 
green as he confidently and 
firmly putted tire ball into the 
heart of the hole. 

Howard Clark of England 
finished second after shooting a 
final-round 67. Scotland’s Col- 
in Montgomerie, the defending 
champion, shot six birdies in a 
round of 68 to be tied for fourth 
place at 14 under with John 
Huston of the United States 
and David Gilford of England. 

•Rain baited the third round 
of the New England Classic, 
but Ed Fieri kept his one-stroke 
starting and the 

-day at 10-under-par with a lead 
of one stroke over Kenny Perry 
and David Feherty in Sutton, 

Tbe 12 players still on the 
course Saturday were scheduled 
to finish their rounds Sunday 
morning before the fourth 

Lose AU Sets 

The Associated Press 

FRANKFURT — Spain de- 
feated tbe United States in six 
straight sets in two angles and a 
doubles match Sunday to win 
the women's Federation Cup 

It was Spain's third Federa- 
tion Cup title, following vic- 
tories in 1991 and last year. 

Coudnta Martinez defeated 
Mary Joe Fernandez of the 
United States in the first singles 
match, 6-2, 6-2. 

In the second match, Arantxa 
Sinchez Vicario beat Lindsay 
Davenport of the United States, 
6-2, 6-1. 

Playing with the temperature 
ax about 34 degrees centigrade 
(93 Fahrenheit), Martinez 
broke Fernandez in the 2d and 
8th games of the first set. 

Fernandez had a break 
chance in the third game, two in 
the fifth and another in the sev- 
enth, but couldn’t mire advan- 
tage of them. 

Tbe second set was much like 
the first, with Martinez breaking 
Fernandez’s service in the sec- 
ond game to jump to a 2-0 lead. 

Both held their serves until 
Martinez broke Fernandez 
again in the sixth game to take a 
5-1 lead, but the American 
fought back to rebreak in the 
seventh, making h 5-2. 

With Fernandez senring in 
the eighth game, Martinez 
quickly jumped on her serve 
and with the score at 1 5-40 took 
advantage of the first break 
chance to win. 

Sdncfaez Vicario, tbe world's 
No. 2 player, broke Davenport 
in the third and fifth games of 
the first set The second set was 
even more convincing, with Sfin- 
chez Vicario breaking Daven- 
port in the first, fifth and seventh 
games to wrap up tbe match in 
one hour and three minutes. 


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Conchita Martinez of Spain trounced Mary Joe Fernandez of the United States in the opening singles on Sunday. 

Sfincbez Vicario and Martinez 
then went on to win the doubles 
against Gigi Fernandez and 
Mary Joe Fe rnanda, 6-3. 6-4. 

“It was great to win this tour- 
nament for our country. We are 
very proud,” Sanchez Vicario 

Tbe U.S. team captain, 
Marty Riessen, had some kind 
words for the Spanish team de- 
spite the American loss. “I 
think they both played really 
wen,” Riessen said. 

The championship confirms 
Spain's strong standing in the 
tennis world. Sergi Bruguera 
and S&nchez Vicario took the 

IAAF Chief Open to Prize Money 

ST. PETERSBURG (AP) — The governing body of track and 
field is open to the possibility of awarding prize money at its 
World Championships, the federation’s president said Sunday. 

“1 am. no* against the idea,” said the International Amateur 
Athletic Federation president, Primo Nebiolo- “The problem is on 
the table. But it must be discussed not only by us. It must be 
solved by all sports leaders and the Olympic movement. If we wQl 
find a solution, we will be happy.” 

Nebiolo said it was unlikely that winners at next year’s World 
Championships in Gothenburg, Sweden, would receive prize 
money, but that theywould receive luxury Mercedes cars — just 
as they did at the 1993 championships in Stuttgart. 

South Africa Cricket Victory in U.JL 

LONDON (AP) — South Africa completed a triumphant 
return to the home of cricket on Sunday by bowling out a 
punchless England attack in less than four hours, beating the 
hosts by 356 runs with more than a day to spare. 

Tbe victory was South Africa's first at Lord’s in 59 years, and 
sealed the end of the country’s international cricket isolation 
imposed because of apartheid. South Africa has yet to lose a Test 
senes since it was readmitted to Test cricket two years ago, and 
can clinch its first series in England since 1965 with just one 
victory in the last two Tests. 

Craig Matthews and Brian McMillan took three wickets apiece 
as England, given a target of 456 when South Africa declared at 
lunch, could only manage 99 runs. 

Celtics Sign Wilkins to 3-Year Deal 

BOSTON (Combined Dispatches) — The Boston Celtics made 
the first big free-agenc splash of the offseason, signing tbe forward 
Dominique Wilkins, the ninth-leading scorer in National Basket- 
ball Association history, to a three-year deal. 

Toms of the deal, which was agreed to Friday, were not 
released. Wilkins, 34, was traded in February to the Los Angeles 
Clippers by the Atlanta Hawks for forward Danny Manning. He 
made $35 million last season and became an unrestricted free 

age0t0njDly h (Reuters. AP) 

For the Record 

Virgil HEB of the United States retained his WBA light heavy- 
weight boxing crown with a unanimous 12-round decision over his 
compatriot Frank Tate in Bismarck, North Dakota. Mike McCaJ- 
hun of Jamaica deposed Jeff Harding of Australia, the WBC light 
heavyweight champion, with a unanimous decision. (Reuters) 

Pete Sampras, the world’s No. 1 tennis player, has pulled out of 
next week’s Canadian Open to recover from tendinitis. (AFP) 

N.Y. Yacht Club Launches New Amateur Regatta 

By Barbara Lloyd 

New York Titties Service 

NEWPORT, Rhode Island —In an 
effort to turn back tbe clock to a tune 
when yachting was sm amateur sport, 
the New Yore Yadit Club plans to 
stage a new international sailboat re- 
gatta with a formal si mil ar to the 
America's Cup. 

Officials disavow any attempt to 
duplicate the America’s Oro matches, 
winch the New York dub had orches- 
trated for 132 years before losing 
prestigious trophy to AustiaM “ 
1983. And, in fact, members 

New Ywk dob have expreaed mtff- 

esj.> a future Americas Cup cam- 
paign of their own. 

The dub stresses that its new racing 

series, the International Cup, wm be 
limited to amateurs. With the cost far 
less than an America’s Cup campaign, 
organizers said they intended to make 
the event more accessible to ordinary 

“This wil] be a super-duper amateur 
event, recognizing that you will heed 
some son of corporate involvement, 
said Charles Robertson, a former dub 

trustee who developed the idea with 
the late Arthur Santry, a dub commo- 
dore. “It wants to interest young peo- 
ple in top competitive sailing. 

The emphaffls on amateurs is likely 
to prevent the new series from ever 
gaining the same worldwide stature as 
the America’s Cup, which through the 
years has turned professional and 

draws the best in the sport. In fact, the 

two events are apt to appeal to oppo- 
site ends of the sailing spectrum. 

Island, beginning in July 1996. In a 
striking similarity to the America’s 
Cup format, there mil be challenger 

and defender dixnmatm series, fol- 
lowed by a f our-of-seven- match race 
series that September. The regatta’s 
deed of gift is specific about not allow- 

s iopflts such as Deads Cornier and 
Paul Cayard are unhkdy to qualify 
under the salary Bmitatrons for the 
International Cup, Robertson said. 
And the wiling gentry wants tittle to 
do with a regatta in wbfcfa competitors 
are paid to race and budgets soar to 
miil rnnflli on dollar figures. 

“We don’t want to paint this as an 
alternative to the America’s Cup,” 
said Robert James, rear commodore 
of the New York Yacht Qub. There’s 
a body of people out there who would 
like to race as amateurs.’* 

The new event will be sailed once 
every three years off Newport, Rhode 

Island waters, hence, off Newport. 

Robertson and James planned to 
pass on the regatta’s deed of rift, 
which they have drafted, to the New 
York Yacht Ghzb during ceremonies 
Sunday at the dub’s summer annex in 
Newport About 200 yachts are gath- 
ered here for a week of racing to 
celebrate the dub’s 150th armtversazy. 

With a start not unlike the begin- 
ning in 1851 of America's Cup racing, 
chib officials also expect their first 
challenger bid to be lodged Sunday by 
the Royal Yadit Squadron of Eng- 
land. It is the same yadit dub that]43 

m^i^SHeNwYak Yacht club’s 
schooner, America, won the Hundred 
Guinea Cup. That trophy subsequent- 
ly became tbe America's Cup. 

A new dass of sailboats has been 
developed specifically for the event by 

Bill Cook, a yacht designer from Oster- 

ville, Massachusetts. The boat, to be 
called tbe NY 18 Metre, is 18 meters in 
overall length, or about 60 feet. 

Budgets of about $1.5 milli on can 
be expected, said Robertson, com- 
pared with the $20 million to $30 
milli on expected for 1995 America's 
Cap campaigns. Crew members will 
be allowed to receive free food and 
bousing, but not salaries. Each boat 
will carry a crew of 12, one-fourth of 
whom must be younger than 23. Cor- 
porate invohremeot is fikdy to show 
np in paying for boats and rear. 

Gordon Ingate of Australia, who 
has come to Newport for the 150th 
anniversary, was skipper erf the 12- 
Meter Gretd n in the challenger trials 
erf 1977, which Ingale considers tbe 
last nonprof essional match of the 
America's Cup. 

“The cup became so famous that it 
was an ideal proposition for any cop- 
merdal revolvement,” Ingate said. 
“But some people might tike to say, 
‘Hey, yachting can be an amateur 
sport again.’ ” 

men’s and women's titles at the 
French Open this year, and 
Martinez won the women’s title 
al Wimbledon. 

The final in Frankfurt was 
the last time the Federation 
Cup championship will be be 
determined by a best of three 

Starting next year the wom- 
en’s team competition will be 
played on a format similar to 
the men’s Davis Cup. with two 
singles played on one day and 
two singles and a doubles 
played on a second day to de- 
termine winners on a best of 
five prints basis. 

On Saturday, the U.S. 
swept past France in the semifi- 
nals, 3-0, while Spain split the 
singles with Germany but won 
the doubles to gain a 2-1 points 

Fernandez defeated Julie Ha- 
lard of France, 6-1, 6-3. Daven- 
port then faced Mary Pierce of 
France, losing the first set to 
Pierce, 5-7, but bouncing back 
to take the next two, 6-2, 6-2. 

The U.S. doubles team also 
went three sets with Gigi Fer- 
nandez and Zina Garrison 
Jackson. losing the first, 6-3. to 
Halard and Nathalie Tauziat, 
but taking tbe next two 6-1, 6-2. 

■ Another Spanish Victory 

Alberto Berasalegui of Spain 
fought off Italian underdog An- 
drea Gaudenzi, 7-5, 6-3, 7-6, to 
win the Mercedes Cup tourna- 
ment on Sunday, Reuters re- 
ported from Stuttgart. 

The triumph guaranteed the 
Spaniard, seeded fourth in the 
tournament, a place in the 
world’s top 10 after a phenome- 
nal year that has seen him rise 
from 91 st in the world rankings 
to 14th before this victory. 

Berasategui lost to Bruguera 
in last month's French Open 

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Page 14 


The ‘Last Day on Earth’ of an Odd Couple 

f , t ' 

7 n ,^ wftre terminated “bv reauesi 01 Uie i* 

By Mike Zwerin 

International Herald Tribune 

P ARIS — Bob Neuwirth has his 
shoes on the manager's desk in 
MCA Record’s spanking new offices 
near Parc Monceau. Based in a rent- 
controlled apartment in Santa Moni- 
ca, he has had his shoes on the desk of 
life for a while now. Having had “the 
opportunity to interact with a large 
number of people of notable creative 
achievement," he calls his life “privi- 
leged." The trade-off is he’s poor. ( He 
sells a painting and makes a record 
now and again.) 1 
His teammate John Calc paces the 
spacious room. Sponsored by Andy 
Warhol, Cale co-founded — with Lou 
Reed — a renegade band that “just 
banged it out” called the Velvet Un- 
derground. He lives in New York and 
has recently received a subsidy to per- 
form his theater piece based on the 
Orpheus legend. He is discussing an- 
other project with the Australian cul- 
tural affairs people. They call the re- 
cently released CD version of their 
collaboration, the song cycle “Last 
Day on Earth” (MCA), a “soundtrack 
for a movie that doesn't exist.” It 
features a “sort of abstract rock 
band,” which means it is sort of subsi- 
dized. Our collaborators are both 
adept at playing both sides of the 

Cale, 53, and Neuwirth, who won’t 
reveal his age, met almost 30 years ago 
in Max’s Kansas City, a rough and 
ready bar and restaurant in the then 
untamed southern outskirts of Man- 
hattan's garment district, a neighbor- 
hood euphemistically dubbed the 
North Village. The patrons were a 
colorful mix of miscellaneous addic- 
tive personalities, upwardly mobile 
fashion-conscious creative types and 
flies on walls. 

Mornings, 1 used to watch Mickey 
the owner (I lived around the comer) 
sashay into our neighborhood bank to 
make fat deposits. He was hung over 
and dressed just about in rags, but his 
pockets were deep and be received 
visible respect from officers and tell- 
ers. A lot of people considered Max's 
to be the center of the world. And at 
the center of the center were two rul- 
ing dans: the Warhols (Cale) and the 
Dylans (Neuwirth). The twain would 

John Cale (no relative of JJ. Cale 
and not to be confused with John 
Cage, his creative guide) describes 
growing up in Wales as “quasi nor- 
mal” His studies in British schools 

were terminated “by request of the 

“Plunging head-first into the mys- 
teries of the viola." Cale wrote an 
“aberrant symphony." Die composer 
Aaron Copland recommended him 
for a Leonard Bernstein scholarship at 
the Berkshire Music Center at 
Tanglewood. He drifted into tot's, 
where he “learned how to be indi- 

It is said that Bob Dylan learned a 
lot about attitude and style from 
Neuwirth, who was sort of a house 
guru. In his biography of Dylan, Rob- 
ert Shelton calls Neuwirth a “vaga- 
bond madcap artist moviemaker 
country singer." Neuwirth says he 
“expedited a lot of situations." He 
introduced Kriss Kristofferson to 
Tan is Joplin and wrote her hit “Mer- 
cedes Benz” on a tablecloth between 

“I'm a hillbilly minimalist impro- 
viser. Cale comes from this classical, 
very structured and disciplined back- 
ground. A meeting of these two ex- 
tremes created a frisson.” Recalling 
Reggie Jackson, who said the same 
thing about himself, producer T. Bone 
Burnett called Neuwirth “the straw 
that stirs the drink. 

A commission from the New York 
Stale Council for the Arts was fol- 
lowed by a grant from the Brooklyn 
Academy of Music, with rehearsal 
space thrown in. “Last Day" took 
preliminary shape in espresso bars on 
Cornelia Street and fish and chip 
shops in Nolting Hill. One of them 
would jump on a piece of conversa- 
tion: “Hey, man, that's a pretty good 
line. Write that down.” 

St. Ann’s Church in Brooklyn, 
which bad commissioned “Songs for 
DreUa," the Cale/Reed tribute to 
Warhol, had room in its budget for 
another project and “Last Day” was 
first performed there. “Opportunity 
knocked," says Neuwirth with a sly 
smile. “So we opened the door." De- 
constructing the cast, he cites percus- 
sionist Gerry Hemingway (a “Brain- 
iac’X an Indian electric mandolin 
player, an “infinity guitar ” a five- 
siring banjo, Pakistani poets and the 
David Soldier String Quartet in no 
particular sequence or reference. 

“You might just as well call ‘Last 
Day on Earth' ‘First Day on Mars,’ 
says Cale. “It’s the begming of tbe 
next cycle on a Brechtian landscape 
with a bit of ‘Bladerunner’ thrown in." 

A “tourist" is guided by circum- 
stances to the Cafe Shabu, where he is 

' • , >* : '„v . ' -• 

. • •. , 

«. ' * * .• . i . -1 - V 

' ■■■--* I-- 

Chnuoa Rux 

Cale and Neuwirth: “A soundtrack for a movie that doesn't exist." 

introduced to habitufes whose tales, 
thoughts and experiences become an 
interior/exterior travelogue as told by 
impressionistic songs and sketchy in- 
terludes. The tourist discovers that 
while topological mappings are sub- 
ject to sudden rearrangement, interior 
shifts remain predictable and timeless. 

“ ‘Last Day* is apocalyptical but in 
the true revelational sense of the 
word," says Neuwirth. “The begin- 
ning of something new. I'm not a hope 
junkie, hope is a stupid word, but it's a 
comedy not a tragedy. We ask ‘Who’s 
in charge here? 1 , which is a rhetorical 
question r unning through everybody's 
mind right now. But they're not pro- 
test songs and it's not time or space 
specific. We’re not ringing about our- 
selves. The characters sing, not John 
and I." 

It was performed in Hamburg in 
1991 at the Grosse Frrihdt Theater, 
which is in a, let’s say, interesting alley 
just off the Reeperbahn. It seemed 
suitably Kurt Weill-ish there. It was 
also performed in Frankfurt, where 
Cale was appalled to learn that agents 
of the Philip Morris cigarette compa- 
ny were distributing samples of their 
product in the lobby. “That’s the free 

market for you," he says, his melan- 
cholic voice laden with irony. “That's 
what we’re all fighting for, isn’t it? 
Dying for?” 

“Does Cafe Shabu have anything to 
do with Max’s Kansas City?" 

“It could be any great caffe in the 
world," Neuwirth says. “From the 
Coupole to the cantina in ‘Star Wars.* 
Doesn’t the name sound swinging? It’s 
a Slim Gafllard word. There must be 
one somewhere. There should be a 
chain of them. It’s a fictional watering 
hole but who knows, really? One of 
our aims was to point out the duality 
of everything. ‘Last Day' could end up 
a stage play, a feature movie, an ex- 
tended video or a CD-ROM. Tins re- 
cord is just a stage. And isn’t it a 
miracle that something as ‘arty’ as this 
has been released on a major record 
label in this day and age?” 

When the work in progress came to 
the attention of Neuwirih’s friend 
Paula Batson, MCA senior vice presi- 
dent of publicity, she called him and 
exclaimed: “Bob. this is so imerest- 

“In that case,” Neuwirth said, 
pouncing, as is his wont. “Let's do it" 



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things around us in Japanese: doa, tebuht^telebi, 
bideo, note, maka. (These aremyRomanizations. 
to accentuate the link with English: door, table, 
television, videos notebook, marker.) Going to a 
resutoran or hoteru in Japan seemed easy. I could 
order beeru with my beef-steki, and afterward it 
would be iorendi to have add for desserto. 

fi r*-' J* IW "A r-i«T- \ w* i 

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when they are hits in the United States — 
deuce of their cultural cringe. ■ 

The people of India, even more than Amen- 
f<mc iwid ta tonncnt the English language, but 
they have com* up with a fine word, prepone, 
Based on “postpone,” it means to move a meet- 
mg to ns carUer time. 

Tt^Mt <f )’ -*»| 



T Appear* on Pagr 10 ’ 


f nkara 





Mgh Low 

zsnz i9a» 
S9mA wea 
34«J 13SS 
34143 Ztrif 

snna an i 

28/B2 15459 
Hoi 19 m 
xms ib«4 
31/88 19/66 

Cctvrtesm IS/84 »7«2 

Costa W Sot 30896 27/71 

DuMn 19896 1«<57 

EdMxn4i 19*80 14/57 

Ffarana 30*88 21/70 

FmnUwl 33*91 18*64 

Geneva 28*82 20*68 

****** 22-71 I3S5 

barb/ 30*86 18*84 

Us FMtb 3R7B 22/71 

Laban 28/70 1B«4 

Union 28*79 15/59 

UsM 34/93 17162 

Milan 30*88 22/71 

Mnsoax 26/79 I4S7 

Mrtdi 28/82 17*62 

Mis 27/80 21/78 

Osto 28*82 18*81 

PeOm 27/80 22*71 

Pars 30/88 17(62 

Pagu» 30/88 77482 

13/55 12/53 

Pnm ram zlh\ 

Sl Patenbuy 24/75 11/52 

SmcUnim 27180 14/57 





31/88 21/70 
23/73 13/55 
29/84 23/71 
33*91 18/04 
31/88 I61WT 
29W 19/86 

W Hgh Low W 

c/f car 

■ 29*84 20*88 pC 
I 29/84 184)4 I 

1 33)81 17*82 I 
9 34*93 22*7* » 

1 29/84 23/73 1 
6 31/68 19*88 « 

1 31/88 18*84 9 
pc 30*98 I0«4 pc 
9 32*89 21/70 ■ 

$ 28*82 17*62 PG 
l 31/98 23/73 « 
5b 19(66 1457 lh 
pc 18*84 14/57 Sh 
pc 34*93 21/70 k 
S 33/91 18*64 k 
c 30/88 19*86 » 

« 22*71 18*59 pe 

■ 31/88 19*66 1 

> 27/80 20*88 a 
1 27/83 19-66 pc 

pc 25/77 17M2 1 

■ 37*99 22*71 a 

pc 33*91 22/71 k 
pc 24/75 14*57 o 
pc 28/82 17*82 a 
pc 294(4 21/70 9 

■ 28/79 16*1 pc 

« 28*2 23/73 s 

I 31/99 19*6 pc 
* 29484 18*4 a 
ill 17/92 9/48 pc 

pc 33*81 21/70 s 
PC 24/75 1305 pc 

pc 28/82 16*1 pe 

c 31/88 19*6 pc 
I 23/73 16*1 pc 
pc 32-89 23/73 ■ 

1 29/84 19*6 k 
s 30/88 18*4 i 
e 31*88 18*84 B 



Forecast for Tuesday through Thursday, as provided by Accu -Weather. 




Hemp Knp 








ra*i Low w 
or of 

32*9 28/79 9*1 
33*1 24/76 pc. 
28*t2 24-T5 I 
30*8 23/73 sh 
32*9 29*4 1 
38111X128/82 pc 
34*83 26/79 pe 
3S*B9 24/75 pr. 
33/91 2-/75 sh 
32489 25/77 pc 


] LkiMasonabtr 

I UniMwuinlily 

North America 
The cam ai (X #w heel waw 
wi* be across the Southwest 
Monday, Out will expand 
back ngrthwaid during me 
middle o! (he week, cnios 
such as Phoenix and Sail 
Lake City will be ho(. The 
Great Lakes region wll turn 
cooler than normal by mid- 
week. including Chicago and 


It wO be hot through at least 
midweek across the mein 
cities of northern Europe 
from Paris and Brussels oast 
through Berlin. Prague end 
Warsaw. Thunderetoimt w* 
erupt Wang the western rim 
of Ihe heat in France to 
western Germany. Ireland 
and Britain win have show- 


Tropical Storm Walt will 
bring wind and rain to parts 
at sowhwesMm Japan Tues- 
day: otherwise, the heat w* 
be stilling across much of 
Japan end Korea (ft rough 
midweek. China will be 
steamy-hot from Shanjyai to 
Betfng Torrential rains may 
stlfl pound southern China 
mchKSng Hong Kong 

klglm 29*84 31/70 5 28/92 Z2/71 pc 

Cap* town 13-55 6*43 * IS4M 9/46 pc 

COMbtaca 28/79 17*2 t 28179 19*66 pe 

Hubs 2 im 12*53 I 23*73 13/58 pc 

Uqcn 38*83 24/7S I 29*4 24775 pc 

Nom*i 24/75 10*50 pe 22/71 11/53 pc 

Turns 33*91 20*88 k 31*8 21/70 * 

Middle East 

MW Lew W MW Lew W 
31*88 21*73 k 11*88 23173 k 
35/95 22/71 i 35*5 21/70 » 
30*88 16*1 I 29*84 18*4 9 
28182 17*82 i 28*2 18*4 c 
411108 21/73 • 42/1(77 22/71 1 
42/107 37*80 % 43/109 27*80 S 

Lafin America 

Today Tomorrow 

Mgh Low W M*1 Low W 
08 OF OF C* 

Buma4m 12*53 4*39 pc 13*0 6/43 pe 

Coca 31/88 25*77 pc 31*8 25/77 pc 

Unw 18*4 16*1 n 18*4 is*e pc 

ManeoCfy 25/77 12*53 ih 24*75 13*55 pc 

RaJtO anrin 24-75 18*4 pc 27*80 1**4 pe 

Ssraaga 11*52 4*39 sh 17*53 779 [»: 

North America 









14*7 8/48 sh 15*59 8*46 sh 
14157 7/44 pc 12*53 4*39 pe 

Lagond: s sunny, pc-partV doudy. c-doudy. ah-stKlwers. HlxaidBrstorms. i-rain. staw #umes. 
go-snow. Hce. W-Weailwr. W roam, forecast* and dan provided by Aecu-Weainer, Ine- ? 199* 


San Fran. 

19*86 12*51 
32*9 22/71 
39*84 21*70 
27*0 16*1 
31*88 16*81 
7/-90 IC*» 
»*96 2J-71 
36/97 2473 
30*86 19*4 
32*9 24/75 
77.90 13*55 
25*77 13*36 
31*88 7475 
37*89 2271 
43/109 30.98 
2271 13*55 
26*79 14*57 
27/TO 13*55 
34.93 23*71 

1 19/68 11/52 pc 

pe 32*99 20*88 pc 
pe 28 *S 19456 pc 
a 24/75 13/55 pc 
1 29*94 14/57 s 

di 24*79 14*57 pc 
c JlflSS 34/75 pc 
S 36*97 2 3/73 pc 
p« 27 no 19*86 pe 
I 33/91 34/75 pc 
I 23/T3 12*53 pc 
PC 24175 13/55 pc 
S 33*91 25/77 pc 
pe 29*84 soar pe 
k 45-11112/89 m 
s 22/71 IJ<*55 s 
pe 27*80 14157 |c 
pc 23/73 10-BO sh 
pc 31*86 20 *89 pc 


** "Woe is me!’ 
s Inn. informally 
ie Do/lop 
141 Frolic 
is Title hoidet 
t« Bu/fs ex 


is Former auto 
an Two-pointers 

22 Differs 

23 Saucer 
occupants, for 

94 Mozart's — 
2 s Bait girl 
is Vacation spot 
30 ’Jerusalem 
Deftvered" poet 

34 Border lake 

35 Car in a 

at Spring mo. 
as West Point 

41 Language 

Solution to Pmode of JoK* 22 

QEaQSCiailCTH 0303 

aoHEJaanraaB oisaa 
anoaQQnnaa aaaa 
@□0 0QHU aaaaa 
sons HQaaas aaa 
Sasun 0aaaaa0n]a 
□as sanaanaa 
nsaaaa ssaaog 
□HQDsanQ naa 
Hnaaiiaotria quUlju 
□ aa 00Q000 03133 

buqqu aesaa □□□ 
EQ 0 B □□□□□□anas 
QQQQ Q000Baaa00 
0000 0000000000 

42 Off course 

43 City two hours 
south of 

44 Spreads the 

45 Bit of voodoo 
47Gnieiing tests 
48 Sword with a 


so Louis Freeh's 
«9* • . 

Si Rubbed 
5« Ascendant 
58 Two-time U.S. 
ta Suffix with buck 
S3 Pentex rival . . 
•4 S/csHan rumble/ 
86 Poet Robert 


•a Exhausted 
n Sunup direction 

t Bedouin 
a She gets what 
she wants 
3 Amo, — 

4 Modem film 

5 Leaves in a . 

SWows - 
' 7 Jet 'shedding 

a Mercury and 
Jupiter, eg.-' , 

to Actress 
ii Places 
12 — -over lightly 
io Mobile unit? 

21 Season of 

*4 PoHsh producer 

a* Cap 

2* Having an 
irregular edge 
» Military 
- chaplain 
if Hot sauce 
a* Word with cofd 
or breathing 
ssChooofate ■ 
» Elevations: 

Abbr. . 
as Remark 
as Hardly one with 
-eWting voice 

.« Neoprimitive 51 Keep time 

. American arfist - mariuatty . 

45-Unextinguisbsd. * : «2^wrtdMes 
47Kfmonasash •SAgea’mrtdages 

54 Soon 

4*Pamcfises «5 Pfinth Greek 

soWeatt H H t in e- - lattei 

M Actress Wobdk 
and others 

ss One who gets : 

treatment ... 
S0W.W UherofJ; 

O New York Times Edited by WUlShorK. 

ADffAoc^bHinibe^ •' , 

How to call artxind the world. , 

1. Using the chart bdow, find tbe country you are calling from. 

2 ESal tbe comespt»ic£ngABa' Access ftoinber. 

3. An AET Engtish-^iealdng Operator or voice prompt wifl, askica 1 the phooe numberyou wish to call or connect you to a 

Toreceive your Cree waDacard of >QBa> AcneSs Nuntfie^^c^t^ 

Travel in a world without borders, time zones 

or language barriers. 



China, PRC»»» 








a Imagine a world where you can call country to country as easily as you can from home. And 

reach thSJLIS. directly from over 125 countries. Converse with someone who doesn’t speak your 
language, since it's translated instantly. Call your clients at 3 a.m. knowing they'll get the message in 
your voice at a more polite hour. All this is now possible with ARED 

To use these services, dial the AIKT Access Number of die country you're in and you’ll get aO the 
help you need With these Access Numbers and your AftST Calling Card, international calling has never been easier. 

If you don’t have an AIKT Calling Card or you’d like more information on ARcT global services, just call us using the 
conv enient Access Numbers on your right. 



New Zealand 

Sri Lanka 







Finland 1 









a* 30811 



■ . ~ 000-117 


0039-3 U 








~ . . 43CK3P 


• 0Q19-99M1H 



022-9038X1 - 






01300010 ~ 


. wool' 


Italy • 172-1011 

Ijecbbensaeto* ;iS5-OQ-U 

ifirtwiante* ikiy6 

Luxembourg 0-8004)131 

M s ce d o ni n , F.TJB-af 994KHM288 

Malta* . 








^aains . 

Sweden* ™ 





■ Ktroate 


■ 0800890-110 . 


»fa‘ 06-022^131 

" 0*010-48041131 


■foscowj 1S5 -5M3. 


■ 90Q9W31 














^ Ecuador*- . 

E[ Salvador's 



■ ftonduraS’w- 

. 000-8010 

QQa-0312 ~- 


• • • 1)4 . 

. U9. ' 


■ 1» 

. • ' «5 

• - • • • -•■*• U9 ' 

OS-800462-5240 ' 


Panamaf ' ’ 

■ Pent*, y - • .T* 

Su rin oiiw 

Un^uay » 

v«i*2uefa> ' 5 

191 iv 


awn-120 >•- 

Cayman Islands 



Jamaka^ . •' 

Saudi Arablg • . 1-800-10 

Tosixf - 00-800-12277 

;- UAE‘- 800-121 



<afrS03r ifctb.Antfl 


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1-80O872-2881 .'.. ' 
l*aXW73-2S8L 1; 

1-800872-2881 4 
1-^00-873-2881 if 
001^00972-2883 ;^ 
0-aQO872-288( -f 



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221 GabOtC ; 

Gambia* - •. 

Ill ' Kenya* ~ 

555 ' Ubferia ' ' " 

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