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INTERNATIONAL 






' ■ K 




PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 




Paris, Tuesday, June 28, 1994 


No. 34,626 


Amid Crisis 
In Japan , 
Yen Climbs 
Even Highe 


r 


By David E. Sanger 

New York Times Service 

. TOKYO — As the Japanese yen soared 
QUO a new era Monday, the country 
seemed to have one question on its lips: 
How could the nation's currency be so 
strong when its economy is still scraping 
bottom and its government is in utter cha- 
os? 

All day, the yen’s rise past a crucial 
threshold, the point where one yen is worth 
.. ®ore than a penny For the First time in 
’tistory, swirled and intermingled with the 

■ideal maneuverings set off by the resig- 
-aikm of Prime Minister Tsutomu Hata 
on Saturday. 

Rumors of new combinations of politi- 
cal parties and personalities, of secret 
meetings and imminenL divisions in the 
country’s two biggest parties — the Liberal 
Democrats and the Socialists — only drove 
the markets into greater fury. 

”' l *e more lhat it appeared that disorder 
• J reign as Japan's old political order 

uiiiaveied for the second time in a year, the 
more the Lraders seemed to grow con- 
vinced Lhat Japan’s $60 billion trade sur- 
plus with the United States would not end 
any time soon. 

The result, everyone seemed convinced, 
would be a weaker dollar, perceived here 
as the Clinton administration's only effec- 
tive trade policy for making American 
products more competitive. 

By the hour, more and more leaders of 
the Japanese business community de- 
nounced the state of confusion, complain- 
ing loudly that if their exports were made 
more expensive around the world, Japan's 
fledgling economic recovery would be 
choked off. And by the end of the day, they 
were contending that unless Japan’s politi- 
cal community straightened itself out 
quickly, a wave of red ink would obliterate 
whatever hope of economic recovery the 
country has entertained in recent months. 

“1 have grave fears in the face of the 
political vacuum and the abnormal rise in 
1 the yen.” said Takeshi Nagano, the leader 
,of the Japan Federation of Employers’ 
Associations. If it does not stop, he said in 
a statement. "The whole of our country’s 
industry -.vill be forced to a standstill.” 

Tnat'may have been a bit of overstate- 
See YEN, Page 6 



J.4inm Ef|jir'Afrt«x Francc-Prcw 

A London trader waits Monday in vain for more central bank intervention as dollar dumps to a new low against the yen. 

Who Suffers When Dollar Plunges? 


By Alan Friedman 

International Herald Tribune 

PARIS — The dollar hit another postwar low against the yen 
early Monday, sinking to 99.46 yen at one point and leaving 
Lraders wondering when they might next face a challenge from 
the world's leading central banks. 

Last Friday, currency traders thumbed their noses when 
central banks, led by the Federal Reserve Board, spent an 

NEWS ANALYSIS 

estimated $2 billion to $3 billion attempting to shore up the U.S. , 
currency. The dollar plunged a gain Monday morning in Asian 1 
trading, and wallowed weakly during much of the day before 
recovering to 1 00.45 yen by the close of trading in New York. It 
dosed at 1.5830 Deutsche marks, down over a pfennig from its 
close on Friday. (Page 10) 

Officials of the U.S. Treasury have said that any further 
appredation of the yen and the mark could damage world 
economic recovery. But the policymakers, along with foreign 
left two questic 


exchange specialists, have 


questions unanswered 


W&fe. 

;4mkz 9 


WORLD CUP tV* GRANDSTAND 


| Spain 3, Bolivia 1 

Josep Guardiola hit a penalty kick in 
the ISth minute against Bolivia on 
Monday and, in the second half. Jose 
Luis Perez Caminero added two more 
within six minutes as Spain qualified 
for the second round at Chicago’s Sol- 
dier Field. Erwin Sanchez scored for 
Bolivia in the second half. 

Germany 3, South Korea 2 
In the sweltering beat of the Cotton 
Bowl in Dallas on Monday, Jurgen 
Klinsmann opened the way with goals 
for Germany in the 12th and 36th 
minutes of the first half against South 
Korea. Karlheinz Riedle added anoth- 
er in the 19th minute. Hwang Sun 
Hong countered for South Korea in the 
52nd minute, and Hong Mvung Bo 
added a second in the 63rd, but Ger- 
many held on to advance to the second 
round. 

Round 2 for U.S.? 

The U.S. team appears headed for the 
second round for the first time in 64 
years, although an elaborate blend of 
results in the other five groups could 
make them the fust host nation not to 


advance. With four points, however, 
the Americans have a good chance of 
moving on as one of the top four third 
place teams. 

Adidas's Spin on the Ball 

Goalkeepers have been dismayed by 
the new ball in use at this World Cup. 
and the manufacturer. Adidas, has 
confirmed their impressions: New ma- 
terial in the revolutionary new Questra 
ball makes it fly faster than other balls, 
giving goalkeepers less time to react. 

Cameroon Goalkeeper Quits 

Cameroon's top goalkeeper, Joseph- 
Amoine BelL has quit nation’s World 
Cup team because of a dispute with 
team officials. Bell said the officials 
had tried to force Coach Henri Michel 
to start someone else in goal Friday 
against Brazil in a game that Camer- 
oon lost, 3-0. 

Tuesday's matches: Ireland vs. Norway, at East 
Rulherlord. New Jersey. 1635 GMT; Italy vs. 
Mexico, at Washington. 1635 GMT: Brazil vs. 
Sweden, at Pontiac. Michigan, 2005 GMT; Rus- 
sia vs. Cameroon, at Stanford. California. 2005 
GMT. 

World Cup report ; Pages IS end 19 



Kiosk 




Fill! LMiinh- Afmst FrarK.T l'rcv^ 

Michael Chang beating Sergi Brn- 
guera at Wimbledon. Page 16. 


QA Fears Theft 
Of Nuclear Arms 

WASHINGTON (Reuters) — Rus- 
sian gangs pose a threat to the rest of 
the world, because of the possibility that 
they might steal and sell nuclear weap- 
ons, the CIA director, R. James Wool- 
sey Jr„ said Monday. 

"Russian organized crime has quick- 
ly become an international menace,” he 
said at a hearing of the House Foreign 
Affairs Committee. 

Mr. Woolsey said there was no evi- 
dence that gangs had smuggled nuclear 
warheads or material out of Russia. But 
he said, “We can not rule out the possi- 
bility that organized crime groups will 
be able to obtain and sell nuclear weap- 
ons or weapons- grade materials.” He 
added, “We should not rule out the 
prospect that organized crime could be 
used as an avenue for terrorists to ac- 
quire weapons of mass destruction.” 


Book Review 

Chess 

Crossword 


Page 5L 
Page 5. 
Page 20. 


innn Seems Prepared to Compromise on EU Presidency 


By Tom Buerkle 

international Herald Tribune 

BRUSSELS — Germany and Britain 
sar. laying the groundwork Monday for 
compromise over the presidency of _ the 
_ op ear. Union’s executive commission, 
Bonn signaled a willingness lo abandon 
.me Minister Jean-Luc Dehaene of Bel- 
im. 

"■We will talk to everyone involved and 
rk out a proposal." Chancellor Helmut 


Kohl said in Bonn. "I'm not blind. 1 want 
to come up with a result." 

in London. Prime Minister John Major 
reaffirmed his determination to block Mr. 
Dehaene, but he and other government 
officials avoided any mention or criticism 
of other potential nominees. 

Britain vetoed Mr. Dehaene’s candidacy 
to head the commission at the weekend 
summit meeting in Corfu. Greece. 

It remained doubtful Lhat Mr. Kohl 


could break the impasse by a special sum- 
mit meeting to be held here on July 15, 
European officials said. Germany takes 
over the rotating presidency of the EU in 
July. 

The uncertainty over Germany’s op- 
tions persisted because the fist of alterna- 
tive candidates is topped by Belgian per- 
sonalities, including former Prime 
Minister Wilfried Martens and Etienne 
Davignon, an industrialist, who are fervent 
believers in the kind of European inlegra- 




By Paul F. Horvitz 

International Herald Tribune 

'WASHINGTON — President Bill Clin- . 
ton announced a major reshuffle of his 
-staff on Monday, naming his budget direc- _ 
tor as the new White House chief of staff 
and asking his public relations expert. Da? 
vid Gergen, to focus exclusively on foreign 
policy. 

Leon- E Panetta, a former California 
congressman whose work as budget direc- 
tor earned him the de facto title- of chief 
deficit “hawk” in the Clin ton a dministra - .. 
tion, wifl take over the chief of staff duties 
from Thomas F. (Mack) McLarty. who 
will- become counselor to the president 
with a broad portfolio. 

“He’s hot going anywhere," Mr. Clinton 
said of Mr. McLarty. “He's my closest 
friend. 19 The president said Mr. McLarty 
would take greater responsibility promo t- 
1 — ,the a dminis tration's agenda on Capitol 


both industry and the general public: Is the dollar’s plunge really 
all that catastrophic? And for whom? 

The answer, say economists on both sides of the Atlantic, is 
ihai a declining dollar, in the short term, need not mean a crisis. 
And while there is concern lhat a weaker dollar can help fuel 
inflation over the longer term, few economists would say it is 
cause for fear. 

The most significant worry for policymakers at the U.S. 
Treasury and at the Fed is lhat the dollar might become so weak 
that it would trigger serious instability in financial markets by 
causing massive liquidation of bond and equity holdings by 
foreign investors. 

This could set off a chain reaction of panic selling that could 
drive already high long-term interest rates still higher and make 
it more expensive for the Treasury to fund the national debt. It is 
thus a possible consequence of the dollar's weakness, and an 
indirect one as well. 

To be sure, in the short term, the weak dollar can make life 

See DOLLAR, Page 6 


The changes, in effect, continued attend . 
in which friends and colleagues of Mr. 
Clinton's from his home -state, Arkansas, 
ate moved aside in favor of advisers with 
broader Washington experience. 

The announcement came at a time in 
which Mr. Clinton is being strongly buffet- 
ed by. political crosscurrents at home and 
abroad. His standing with the -public has' 
not substantially improved since his 1992 
election with 43 percent of the vote; his 
health reform effort is being picked apart 
in Congress, and he is increasingly bong 

accused of indedsrveness in foreign affairs. 

Mr. McLarty, an Arkansas public utili- 
ties executive, has known Mr. Clinton 
tinr-a boyhood. jHe will.. now work on a 
range of issues for the president, including, 
health reform and congressional approval 
of the world trade agreement, or GATT, 
the White House said. . 

Mr. Panetta, who turns 56 on . Tuesday, 
spent 16 years in the House of Representa- 
tives and rose to the chairmanship of the 
House Budget Committee. He is known as 
a politically savvy, hard-nosed manager 
with a strong grasp of substantive pciicy 
details. 

"No one in Washington has a better 
understanding of both ends of Pennsylva- 
nia Avenue than Leon Panetta, and no one 


has earned greater respect at both ends, 
Mr. Clinton said, referring to the broad 
boulevard that connects Congress and tne 
White House.' . ’ • 

By -both ends of Pennsylvania Avenue 
the president meant the lawmakers and the 
executive.-.; - - : 

. Mr. Panetta indicated that he would be 
making further changes in the White 
House staff, in consultation with the presi- 
dent. ' . . ' • , 

. As director of Mr. Clinton s. Office of 
Management and Budget, Mr. Panetta was 
among ''those',' advisers who successfully 
lobbied for a strong package of spending 
cuts and tax increases to help bring the 
nation’s, annual budget deficit under con- 
trol. . 1 • - u 

He made no comments Monday that 

sted any policy shift on support for 

the flagging douai. .' 

. Mr. Gergen,-' who intends to. leave the 
administration at the end of the year, was 
asked to assist both the White ftouse^arid 
theState Department in tbe“ articulation” 
of foreign policy, as he put it 

Asked by a television interviewer how he 
would deal with the falling value of the 
dollar, .during the president’s forthcoming 
meetings in Italy with the Group of Seven 
wealthy nations, Mr. Gergen spoke only of 
the progress Mr. Clinton can-display in the 
area of defidt reduction. 

-< “Let’s talk' about one problem at a 
time," JVfr./Geigpn said. ... 

He said Mr. Qmton;had put to rest 
rumors that Secretary of State Warren M. 
Christopher might be replaced and that he' 
J *- “-additional 



House 

aides haveoftenstatedthattlicirpoiides, 
while consistent and correct, have not al- 

- ways been explained properly to ihe pob- 

lic. ■ • • 

’ The president named Mr; Panetta’s dcp- 
uty, Alice Rivlin, to take over the budget 
office. She. is_a former . director '.of the 
Congressional _ Budget Office; which- coat 
■ ducts nonpartisan research, for Congress 
on tiie budgetary impact of legislation- 

- -She will need Senate conmrnatibn to 
replace Mr. Panetta. Mr. .Pahetia’s ap- . 
pomtment JaDs ontskfe-the Senate’s com- 
petence to ponfirm. 



O 



Coffee Prices Are Soaring 


tion that provoked Britain's veto of Mr. 
Dehaene. 

A commission spokesman said the cur- 
rent president, Jacques Deters of France, 
and his 16 fellow commissioners would 
remain in office if there was no agreement 
on a successor when their term ends on 
Jaa. 5. 1995. 

Still, there was optimism for a solution 
in Brussels. Mr. Kohl is determined to 
See EUROPE, Page 6 


By Erik Ipsen 

International Herald Tribune 

LONDON — Coffee prices soared by- 
more than a third to their highest prices in 
more than seven years in trading Monday 
in London and New York, and the cost to 
consumers may not be far behind. 

“Today’s developments will definitely 
put pressure on coffee roasters to up their 
prices,” said a source close to the Interna- 
tional Coffee Organization, which com- 
prises the world's leading coffee-produc- 
ing and -consuming nations. Analysts said 
they were not sure how much the recent 
rises in raw coffee prices would affect the 
price to consumers. 

The leap in prices was set off by news of 
a snap frost in the coffee-growing regions 
of southern Brazil Assessments of the 
damage will take days, but frantic traders 
stampeded into the market and pushed 
coffee prices up by more than 35 percent to 
as high as S1.70 a pound, the highest lewd 
in more than seven years. 

In New York, coffee for September de- 
livery rose 33 .5 cents a pound Monday to 
51.6160 on the Coffee, Sugar and Cocoa 
Exchange. 

. The jump came on the back of a string of 
price rises that had seen therorice of coffee 
more than double since February, from 
about 60 cents a pound Tor green coffee 
beans to SI .25 on Friday. . 

Curiously, analysts blamed the low cost 
of coffee in recent years for- the shortage 
that has been driving up prices all year. 
Before the collapse of the coffee growers’ 


cartel almost exactly five years ago, coffee 
had sold for $1.40 a pound. - 

Since the breakup of the cartel and the 
end of concerted. efforts by producers to 
stabilize pricey by holding coffee off - the 
market in years of bumper harvests^ it had 
o nly twicc breached 50 cents a pound. 

“The low prices of the last five years 
have meant that producers have not bad 
enough money to invest in their planta- 
tions?* said Lawrence Eagles, a commod- 
ity analyst with GNI Ltd. in London. 
“This Brazilian frost only compounds the 
situation.” 

Analysts fear that the frost may have 
wiped but as much as 15 percent of Brazil’s 
1995-96 crop, a loss that would translate to 
5 percent of total world production. The 
frost season in Brazil has another 6 weeks 
to ran, with weather forecasters predicting 
another frost for Monday night and for the 
weekend as wdL. 

“Trading has been hectic to say the 
least,” said Mr. Eagles. “A number of big 
consumers have been caught without ade- 
quate stocks." . 

In addition to .the weather and the low 
prices prevalent , in recent years, analysts 
blamed specal ators for the jump in prices. 

In the past, analysts noted that the big 
coffee roasters, including such internation- 
al giants as Nestl£ SA and Phillip Morris 
Cos.’ General Foods division, had beeii 
able to choose freely the timing of their 
buying in the market With the emergence 
of speculators, the balance has swung back 
See COFFEE, Page 6 


^Q&'Jphes 


48.56 


3 685.50 

e Dollar 


Trib Index 


Down v? 

0.05% 

1 10.46 .S 


A How-To Book Helps Chinese Divided Over Their Rush to Riches 


M-r» .3W» 


1.5EJ 


WTOB daw ! 

1.564 ! 


■nd 


1.54* 


1.5525 


100*5 


100.525 


5 4245 


5.4285 


Newsstand Prices 


'or-a 9.00 FF 

lies 11.20 FF 

■iroon..l.400CFA 

if E. P.5000 

ce 5.00 FF 

3n 9&0CFA 

ce 300 Dr. 

2. 600 Lire 

CCWSl .1.120 CPA 

in 1 JD 

ion ...USS1J0 


Luxembourg 60 L Fr 

Morocco 12 Dh 

Qatar 8.00 Rials 

Reunion. ...11. 20 FF 
Saudi Arabia ..9.00 R. 

Senegal 960 CF A 

Spain 2C0 PTAS 

Tunisia ....1.000 Din 
Turkey ..T.L. 35,000 

(J.A.E 8-50 Dirh 

U.S. Mil.iEur.151.10 


By Michael Laris 

tyashingtun Post Sen ire 

BEIJING — Along with taking crash courses in 
microeconomics and accounting, an unusually large 
number of Chinese are learning something else they 
have decided is indispensable in their rush to market: 
how to sever their marriages. 

They even have a textbook. A blunt, easy-to-read 
volume titled “How to Divorce" appeared at book- 
stalls Iasi month. 

In question and answer format, it covers everything 
from basic administrative procedures to how stock 
profits arc divided in divorce. Even more difficult 
problems are tackled head-on. 

For example. Question No. 160. “If one side is sold 
into marriage and wants to divorce, how docs the 
court handle this?” Answer; “Selling spouses is illegal. 
Plaintiff has clear grounds for divorce. Purchase price 
will be confiscated by the state. Parents or matchmak- 


er may be severely punished, especially if sold party 
was physically harmed.” 

The book is intended to meet the needs of Chinese 
who are divorcing and also breaking with thousands of 
years of tradition. Lost year, there were 909.000 di- 
vorces. an increase of 300 percent over 1991. 

More Chinese can now afford the economic risk of 
leaving a stifling marriage. 

In cities, the tr ansi tion to a market economy has 
raised incomes and expectations, forcing many to re- 
evaluate their lot and, increasingly, tneir spouses. 
People are more aggressively shaping their personal 
lives. They say they want love in their marriages, not 
mereiy convenience. 

Other marriages are falling victim to the pressure 
and longer work hours of a sank-or-swim economy. A 
recent government study reported that numerous di- 
vorces occur when one spouse gets rich or finds a 
richer partner. 


To be sure, many fewer people divorce in China 
than in the West. Compared with China's 909,000 
divorces last year, there were more than I million in 
the United States, which has a population only one*, 
fifth that of China's. But Chinese can divorce with' 
more freedom and less social stigma than at any other 
time in the country's history. • . ; * 

Although divorced women still face a much greater 
stigma than divorced men. there.is a growing willing- 
ness among women to assert their independence 
through divorce. 

For thousands of years; Confucian teachings held 
that women should marry only once in a lifetime. This 
names of young widows who fired chastely until they 
died were memorialized on temple walls. . 

Ding Ning, a leading Beijing uterary editor and the 
editor of “How to Divorce,” said she took on the 
project to help the rnilHons of women trapped in 
miserable marriages. For the last two years, she'. has 


been a volunteer counselor at .. a women's hoi line 
, “When I work the women's - hot line, I hear from 
many women: who are suffering,’?, she said. “Thdx 
husbands beaL them or are having affairs, and so the! 

want to get a divorce. But they don't know bow to do 

Undcr Onna's divorce laws, liberalized over the Iasi 
dozen years, once couples secure the approval of tiSi 
work units, laai Communist Party street commit^ 
are authomedto handle divorces. The prosDtttST 
open confrontation in divorce i oouir4 “tJ 

option ur China,' had discouraged divorces; 

Thccurrent airge of divorces is'thesecond sina- ^ 
senior teado; DengrJGaopmg, began his proar^n^ 
economic .reform, and modernization m ltfStT? 
prevkMis leap occurred:in the early 1980 s. wW _ 
pies who married for political self-protecti<m^ u ^ 

SeeSPUT,P^6 ^ 


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Page 2 


By Roger Cohen 

New York Tima Service 

PECIGRAD, Bosnia-Herzegovina 
—This is the story of a Bosnian Mus- 
lim officer, a refugee, an honored 
fighter against the Serbs and now. 10 
many of his people, a traitor. 

It is also a story of the Bosnian war. 
its cruelty, its ambiguities and. ulti- 
mately, the quandary it poses to the 
Muslims: whether to fight on to 
avenge terrible wrongs committed 
against them by the Serbs or to com- 
promise for the sake of peace? 

The officer's name is Colonel Nev- 
zet Deric. He made his choice: to com- 
promise. To his opponents, his choice 
was betrayal. 

The decision reflects the painful 
choice facing the Muslim-dominated 
Bosnian government — an imperfect 
peace with the Serbs or more war. 

After a 26-month odyssey. Colonel 
Deric, 30, commands a brigade in this 
western Bosnian town on the front 
line, where mortar shells crash into the 
fields, sending up black plumes. 

The shells are fired by his former 
comrades in the 5th Corps of the 
Bosnian Army. They are aimed at Col- 
onel Deric, who deserted to join Fikret 



Traitor or Hero?: Bosnian Deserts Army to Seek Peace 


Abdic, a Muslim businessman who fa- 
vors compromise with the Serbs. 

Last September Mr. Abdic declared 
autonomy in Bihac. in northwestern 
Bosnia, igniting civil war war among 
Lhe 190.000 Muslim inhabitants. 

“I cannot believe this deployment of 
forces by the Bosnian government 
against its own people." Colonel Deric 
said with the wan smile that often 
plays on his face, youthful and weary. 
“It's all utterly futile. Nothing can be 
solved by Lhe war." 

Lighting a succession of cigarettes, 
he asked, "Should I insist on fighting 
battles so that the number of Muslims 
in Bosnia just goes on diminishing?" 

To Bosnian officials, such a ques- 
tion is merely the self-serving protest 
of a man who has betrayed the count- 
less Muslim victims of the Serbs. 

“Nevzer Deric has sold out and is 
merely fighting for money ” said Mir- 
sad Veladzic. a government mini ster. 
‘'What higher interest could make him 
turn against his own people? It is a 
very tragic story that a victim of Serbi- 
an ethnic cleansing should end up like 
this." 

Ferbat Carolic. a police official in 


Bihac and former friend of Colonel 
Deric's. added: "He was a heroic fight- 
er against the Serbs, with a great 
knowledge of guerrilla warfare. But 
Abdic’s money turned his head." 

Two interviews with Colonel Deric 
and conversations with several people 
who have traced his experiences yield- 
ed the following account: 

The colonel, who served in Lhe for- 
mer Yugoslav .Army, became alarmed 
about Bosnia's future when war be- 
tween Serbs and Croats broke out in 
1991. If the Serbs were so ferocious in 
the defense of their people in Croatia, 
he reasoned, how would the large Ser- 
bian minority in Bosnia read to inde- 
pendence in that republic? 

As a military adviser to Alija Izeibe- 
govic’s Party of Democratic Action in 
Banja Luka and in his home town of 
Kljuc. Colonel Deric said, he spent 
much of 1991 urging the party to arm 
Muslims and arrange the desertion of 
Muslims in the Yugoslav Army. But 
Mr. Izetbegovic, now president of Bos- 
nia. rejected the idea. 

“1 was labeled an extremist for say- 
ing that we must gel armed.” Mr. 
Deric said. “But the fact is thaL the 
Serbs of Bosnia were fighting for their 


national interests in 1991 and prepar- 
ing for war at the same time. We Mus- 
lims were fighting for our national in- 
terests and not preparing for war. That 
was stupid." 

War broke out with extraordinary 
ferocity in April 1 992. as soon as Bos- 
nia declared independence. Bosnian 
Serbs, backed by Serbia, began a bru- 
tal roundup of unarmed Muslim civil- 
ians in a bid to impose Serbian ethnic 
purity. 

Among their targets was Kljuc, 
south of Banja Luka, a Muslim-domi- 
nated city now purged of Muslims. 
Colonel Deric fled to Bihac. His wife 
and daughter fled to Slovenia and he 
□as not seen them for two yearn. 

In chaotic Bihac, as the Muslims 
sought to organize a force to hold off 
the rampaging Serbs, Colonel Deric 
became commander of the 304th Bri- 
gade of the 5 th Corps and earned a 
reputation for exceptional bravery. 

“Nevzel Deric was an extraordinary 
fighter,” said Atif Dudakovic, his com- 
mander. "But unfortunately, in the 
er.d. he did not understand this war 
and he took the road of treason.” 

Colonel Deric says he understood 
lhe war only too well From June 1 992 


to June 1993, he was, it seems 
sessed by a determination 
back the Serbs. He spent every night in 
the Hills, regaining some territory, 
holding the Ike, planning a break- 
through to Banja Luka. 

But a year ago be collapsed in what 
he described as “a complete mental 
and physical breakdown from exhaus- 
tion. 1 ' Former colleagues said it was 
tuberculosis. He was hospitalized in 


North Yemen Bombs Aden Refinery * r 

reported killed in two days. 

Rival forces 


xoeket-prqpeBed.f’ 

^ades*»idiiSs along iheoood totbc 


j- y ■ 


on Saturday 
The* 


sr. 




— The' ; mdyor of Jerusalem -an*:. 
P" bong Jews from abroad. to 
fasserv Arafai, leader • of ^ \ . 


- . « ^ — more than.50 

Bihac for two months. backed by warplanes and artillery 

“I lay there and started thinking,” ‘ northern tank and artillery offensive, the Kuwaminew 
he said. And two things became dear reported, without naming the battle; site.. . ... 

to me. The first was that I would never . ^ 

reach Kljuc or Banja Luka byfighting, JerUSmCIH MeYOF AlHIS tO JJ3I! 

and political compromise with the . - • ? . - ' ■■■»• -- — .i— 

Serbs was the only way. The. second . JERUSALEM (Starters) 
was that if my pleas to push forward nounccd Monday that he w 
were so often rejected, it was because obstruct any visrt terroe aw ^ 

Palestine liberation Organization- • > .. .» - • • 

“I was not elected to deal only with -sanitation, ‘said Mayor , 
EhZ^l Pmne Mufar YitzKak Koto's 

last week that Mr. Arafat had a right to pray gt Muslim 
Israel Radio said Monday dial a Canadian jumbo jet was ready to 

fly iJ£. I 01nra?dected seven months- ago, hasypwxi to fflga-v 
million people to keep Mr. Arafat aw^ix^ Wanft thjrd ^^ •*- 
site, the Dome of the Rock Mosque where the Jewish temple stood , 

in biblical days. 


?*’• ' .. v 
nr.- 

* - .-j'V 


.x; 

' 


many officers in the 5th Corps just 
wanted to keep their comfortable posi- 
tion, their money and their Merce- 
deses." 

When Mr. Abdic declared autono- 
my on SepL 27, Colonel Deric fol- 
lowed because; he said, "not even the 
Serbs can do as much harm as Presi- 
dent Izetbegovic, who has pushed us 
into battle against a well-armed 
army." 


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Investors a New Deal 


By Lee Hockstader 

Washington Post Service 

MOSCOW — Alarmed by 
rapidly falling foreign invest- 
ment, Prime Minister Viktor S. 
Chernomyrdin promised Mon- 
day that Russia would enact a 
package of tax breaks and law 
incentives to persuade Western 
executives that doing business 
in this country is not like play- 
ing Russian roulette. 

Mr. Chernomyrdin, in a 
meeting with the leaders of ma- 
jor Western corporations, said 
the government would intro- 
duce legislation to give foreign- 
owned enterprises a five-year 
Lax holiday and subsequent 
guarantees that tax legislation 
would remain stable. 

In addition, foreign compa- 
nies would be allowed to own 
land and be granted a freer 
hand in money transfers. Joint 
Russian and foreign ventures 
would be granted duty-free im- 
ports of production equipment 
and materials and also the right 
to retain all hard-currency earn- 
ings from their exports. 

Mr. Chernomyrdin sounded 
a bullish note. “I think that all 
this will lower the risk for for- 
eign investment in the Russian 
economy by the end of the 
year,” he said. 

His remarks to an elite busi- 
ness group, which included top 
executives from Coca-Cola, 
United Technologies Corp. and 
Citicorp, came as Western in- 
vestment in Russia is dropping 
sharply from levels that were 
not nigh to begin with. 

Foreign investment in Russia 
this year is expected to be only 
about $1 billion, down from 
$1.5 billion last year. The cumu- 
lative total of all foreign invest- 
ment in the country is $2.7 bil- 
lion. 

With inflation down some- 
what from its 900 percent annu- 
al rate in 1993 and a tight bud- 
get having just passed 
Parliament last week, the Rus- 
sian leader said, “The macro- 
economic state of the economy 


allows us for the first lime to 
tackle the investment climate.” 

The session was another sign 
that Mr. Chernomyrdin, the 
former head of Russia's Gas 
Ministry, who just six months 
ago was heaping scorn on the 
“market romanticism" of eco- 
nomic reformers, has got some 
free-market ardor himself. 

Last month, he pledged to 
continue the tight money and 
credit policies that have helped 
reduce monthly inflation from 
more than 20 percent to about 8 
percent this year. His austere 
budget, passed nearly intact by 
Parliament last week, has infu- 
riated the military and agricul- 
tural lobbies, among others. 

Foreign investors complain 
first and foremost about the ut- 
ter unpredictability of tax. 
h ankin g and other laws in Rus- 
sia. which seem to change more 
often than the seasons. 

The foreign executives are 
scheduled to meet Tuesday with 
President Boris N. Yeltsin. 



1 aequo SrfferMcnuc Fomz-Pltvc 


FRENCH FLOODS — A woman walking past damaged vehicles at Auribeau, southeastern France, after weekend 
storms caused flooding and mudslides. Rail services between France and Italy were still disrupted on Monday. 


Dutch Coalition Talks Break Down • 

THE HAGUE (Reuters) — Talks aimed at ; 
coalition gwenunent from parties to thenght ^ndleft ^tte, , 

Dutch political spectrum broke down an W 
“The talks have faded,'’ a government spokeswomaa^a^ r : 
there would be no further official comment until ^ 

Beatrix had been officially informed. : ;Vl£L-w 

Labor, the conservative Liberal Party and thecenter-tef t Dem>- ? £ 1 
craten 66 had negotiated for seven weeks trying to piece togetea v.-a-J I - . 

workable “purple" alliance, the first thr^p^.ooahnpn m^-.;.>. ; J Sjjflikt 
years and so-dubbed because of its mix of party hues. ■ y - 


Haiti 

fcR f l 


Ukraine’s Split Vote May Force Runoff 


By Steven Erlanger 

New York Tima Service 

KIEV — President Leonid ML Krav- 
chuk and his former prime minister. Leo- 
nid D. Kuchma, appeared Monday to be 
headed for a runoff vote in Ukraine’s pres- 
idential elections, which displayed a coun- 
try deeply split between east and west. 

Scattered results in slow counting from 
the seven-man race showed Mr. Kravchuk, 
elected Ukraine's first president in Decem- 
ber 1991. sweeping western Ukraine, a 
nationalist region that was “Sovieuzed” 
only after World War II. 

In his campaign. Mr. Kravchuk has been 
stressing Ukraine's independence and sta- 
bility in contrast to the civil strife else- 
where in the former Soviet Union. He has 
been minimizing the wretched state of 
Ukraine's almost entirely unreformed 
economy. 

Mr. Kuchma, who ran one of Ukraine's 
largest military factories, was dominating 
the vote in the more industrialized and 


Russified south and east including the 
Crimea. 

Mr. Kuchma, 55. argues for closer eco- 
nomic ties to Russia and the other coun- 
tries of the former Soviet Union as the bes: 
answer to Ukraine's inherited economic 
and energy dependencies, while Mr. Krav- 
chuk accuses him of wanting lo puli 
Ukraine into Moscow's orbit once again. 

Preliminary results will not be an- 
nounced officially until Tuesday morning. 
Viktor Pogorilko. deputy chairman of the 
Central Election Commission, announced 
late Monday. 

But according lo local election officials 
and the Interfax news agency, Mr. Krav- 
chuk and Mr. Kuchma were dominating 
the vote, as expected. 

Assuming neither receives more than 50 
percent, there will be a runoff between the 
two in two weeks' Lime that is expected to 
be dose and nasty. 

Oleksandr O. Moroz, the powerful neo- 
Communist speaker of Parliament who op- 


poses private ownership of land, appears 
to be running third in the voting, with a 
stronger showing in farm areas. 

A significant part of his vote would be 
expected to go to Mr. Kuchma in a second 
round. 

But Mr. Kravchuk, a noted political 
tactician, has been appealing to the leftist 
block with the naming of a former Soviet- 
era official, Vitali Masol, as prime minis- 
ter. 

There was also some support for the 
only free-market reformer in the race, for- 
mer Finance Minister Volodymyr Lano- 
viy, but his strength seemed concentrated 
in Kiev, where Mr. Kravchuk is leading. 

According to Interfax, in eastern 
Ukraine, in the cities of the Donbass, Mr. 
Kuchma was receiving 50 percent to 60 
percent of the vote, with Mr. Moroz in the 
low 20’s and Mr. Kravchuk getting be- 
tween 10 percent and 15 percent. 

In the western city of Lviv, more than 80 
perceni of voters picked Mr. Kravchuk. 


Berlusconi 
Feels First 
Vote Pains 


Korean Strike Eases miw * 

SEOUL (AF) — An unauthorized strike thai cripplaf Somir ' 
Korea’s train and subway systems for four days ; began easing : 
Monday after riot police stormed worker meeting ates apd ^-;; 

arrested hundreds of strikers. : ; • 

More rti™ 90 percent of the railroad engineers hadremm^p .vr 
work as of Monday. But only 43 percent of subway worker^ /, 
in rinding 20 percent of the engineers, had returnedTo their jonk . -: k . 
smA nrtn nnning cutbacks in subway service were expected. . . 

On Sunday. 7,000 riot police removed worfcer^ana student-^'- 
sympathizers from two universities. More than 5GQ people wertr ■ yv 
arrested. In violent clashes, police fired volleys oTfear gas, and,.' 
worfcereresponded with firebombs. -V>:' ■ v?r T 

Police Release 8 EgjptianLawj^rs g : 

CAIRO (AFP) — Fight lawyers arrested during a demohstra; 
tion have been freed, while six others on a hunger strike.havehetfr .=• 
taken to the hospital, the Egyptian Bar Association said Monday! ' . 

The releases reduced to 16 the number of lawyers held aftera 
rally on May 17 to protest the death of an Islamic lawyer, Abdel . - 
Harith Madani, in police custody. 

But six of tiie 33 lawyers who went on the. hunger strike-last , 
week to demand publication of an official report into Mr. .Mar 
dam’s death were taken to the hospital Sunday after their health . 
deteriorated. ... 

IJ-K.- Orina Talks on Bases Extended ' 

HONG KONG (AF) —Britain and China failed for lhe second 
tune in less than a week Monday to reach agreonent on the future. . v . 
of 39 bases being vacated by the British Army in Hong Kong, but J 
decided to continue the talks on Thursday. - ML 

Hong 1 Kong radio quoted the Chinese negotiator^ Guo Feng:- p • 
min, as saying someTechnica]- problems remained oVer thfr rnflr- ' 
taiy bases. * 

Germany Seeks Extradition by Spain ' 

SCHWHNFURT, Germany (AFP) — The public prosecutor 
in Schweinfurt has called for the extradition of Qttp Ernst Reme£ 
the former commander of Hitler’s military headquarters in Berlin, 
judicial officials announced Monday. ^ 

Mr. Remer, 8 1, is under arrest in Spain after being found guilty 
in Germany for inciting racial hatred. The extradition request was 
made through the Spanish Justice Ministry, said Walter Rup- 
prechi, Mr. Schweinfurt's prosecutor. * 


After Saxony Deadlock, a Coalition? 

Christian Democrats and Social Democrats Weigh Talks 


Agencc France- Presse 

BONN — The Christian 
Democrats and Social Demo- 
crats faced the prospect of 
forming a coalition in the slate 
of Saxony- Anhalt on Monday 
after neither won a decisive re- 
sult in elections for the Parlia- 
ment there. 

Analysts said the outcome of 
the election Sunday could be a 
portent for the German legisla- 
tive election Ocl 16. 

A strong showing in Lhe East 
German state by the Party’ of 
Democratic Socialism, the for- 
mer Communists, kept the So- 
cial Democrats from wresting 
control from the Christian 
Democrats of Chancellor Hel- 
mut Kohl. 

But the failure of the Free 
Democrats to gain the 5 percent 


of the vote necessary to win a 
seat deprived the Mr. Kohl's 
party of its coalition partner in 
Saxony-Anhali. 

The outgoing Christian Dem- 
ocrat premier, Christoph 
Bergner, whose party won 34.4 
percent of the vole and can ex- 
pect 37 seats, repeated in a ra- 
dio interview Monday that he 
favored talks with the Socialists 
for a “grand coalition." 

Richard Hdppner. the local 
leader of the Social Democrats, 
which won 34 perceni of the 
vote and can expect 36 seats, 
told the same station such a 
possibility was not to be ruled 
ouL 

Mr. Hbppner added, howev- 
er, that alternatives bad to be 
discussed, and in another radio 
interview said that should nego- 


tiations with the Christian 
Democrats fail, the possibility 
of an Social Democrai-led mi- 
nority government had to be 
considered. 

This would mean bringing in 
the Alliance 90/Greens group. 
With 5.1 percent of the vote, it 
will have five seats. 

A major problem for the two 
main parties is the former Com- 
munists. who won 19.9 perceni 
of the vole and 21 seats and 
confirmed their position as the 
third party in former East Ger- 
many. 

The Social Democrats greatly 
improved on their 1 990 result of 
26 percent in Saxony-Anhali. 
but the former Communists, 
who had 12 percent four years 
ago, improved by almost as 
much. 


Germans Plan Low Profile 
In lhe Bastille Day Parade 

A gtplCi- France- Preste 

STRASBOURG. France — German soldiers will parade 
down Lhe Champs Elysees in Paris on July 14, Bastille Day. 
For the first time since Hitler’s forces were driven out of 
France by the Allies 50 years ago. but they will be hard to 
detecL 

it will take eagle eyes and knowledge of armor types to spot 
the Germans from the f 0th Panzer Division, who will be in 24 
unmarked ianks and wearing camouflage uniforms like other 
units, rendering them indistinguishable from a distance amid 
the Eurocorps. Europe's future military force. 

The 192 Germans will be positioned between armored units 
from Belgium and Spain and there will be no national flags in 
the column. 

The only clue to the soldiers' homelands will be a badge on 
the epaulette. General Helmut Willmann of Germany said at 
a news conference here. 

The derision to allow the German troops to take part in the 
military display was announced recently by President Fran- 
cois Mitterrand at a French-German summit meeting in 
Mulhouse. 


Reuters 

ROME — Prime Minister 
Silvio Berlusconi suffered his 
first electoral setback when op- 
position candidates won several 
regional polls’, results showed 
on Monday. 

^y^p^ U.S. Reveals More Radiation Testing * 

WASHINGTON (Reuters) — About 1,200 people may have 
participated, some without warning of the dangers, in 48 undis- 
closed radiation experiments conducted from the 1920s until 
1989, the Energy Department said Monday. 

It added that the subjects included healthy people as wefl t 
terminally ill patients, pregnant women, psychiatric patients 
children and fetuses. * 

Information on some of the experiments has been reported Lp 
recent months when the Clinton administration began an investi- 
gation to determine the extent of once-secret government- backed 
radiation tests on humans. 


vinci a! presidents and a region- 
al council 

The results of elections in 137 
smaller cities were issued as the 
Senate president warned that 
new national elections could 
become necessary if the opposi- 
tion used its slight majority in 
the upper house to block legis- 
lation. 

“Fust defeat For Forza Ita- 
lia,” Milan's Coniere della Sera 
said of the party Mr. Berlusconi 
formed in January and led to 
triumph in March at the head of 
the conservative Freedom Alli- 
ance. 

The results were the first re- 
verse for Mr. Berlusconi since 
he reinforced his grip on Italy 
when Forza Italia won more 
than 30 percent of the vote in 


TRAVEL UPDATE 


EU Moves on Ending Border Checks ; 

, Accords to scrap identity checks at the 

. T _ . . 5™? of European Union countries and coordinate imrai- ** 

the June 1 2 European elections, gration controls will take effect in October, Germany’s minister of ■ R, 

Some commentators, howev- state for security services said Monday - ' I “ *athv s 

er said the significance of the The official, Bernd Schmidbauer, said be was assumina that the 
polls was muted because of the computer system needed to cany out the so-called Schema* 

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mEAMERICASA THE QUESTION OF COLOR 

On Both Suies of the Racial Divide, the Simpson Case Evokes Stereotypes 


By Lloyd Grove 

Washington Post Service 

LOS ANGELES — He was the tough black kid 
from the streets of San Francisco who got to the top 
on ability, brawn and charm, then reinvented him- 
self as a. spokes man for Corporate America. 

■ Before be was charged andjailed in the murders of 
his farmer wife and her waiter-friend, Orenthal 
James Simpson lived behind a gate in exclusive 


Brentwood, 


I, driving a 

nearby Riviera Country Club (initiation - fee 
575 , 000 ), where he played 'golf and gin rummy with 
the rich, middle-aged white men be thought of as his 
buddies. 

“I used to kid him," recalled one of them, Tom 
KeUy, a longtime Riviera dob member, because the 
University of Southern California basketball pro- 
gram, “was so lousy." 

“1 told OX,” Mr. Kelly continued, ‘If you would 
just wander down into the ghetto and find a seven- 
foot-tall black kid who could get the benefit of a 
USC education! Bui you don't even know where the 
blades Eve anymore!’ And OX would say, ‘You 
sonuvahttch!’ ’* 


a Rolls-Royce and joining the 


Mr. KeUy does not expect to see his old pal 
anytime soon. 

“I guess it was a Jekyll-Hyde thing," he said. “See, 
OX Simpson thought he was white. He acted white. 
He lived with white people; He married a white 
woman. The ‘sisters’ never really interested him. 
And the black community looked up to him as a 
bona fide hero." 

Viewed through the prism of race, the Simpson 
saga takes on grimmer, more conspiratorial facets 

thin the everyday tragedy of a celebrity gone wrong. 
Mr. Kelly's blunt musings might serve as Exhibit A. 
The recent Time magazine cover fea Lining an artifi- 
cially darkened mug shot of Simpson — a stereotyp- 
ical image of a menacing blade male, prominent 
African Americans say, among others — is Exhibit 
B. 

Other evidence of racial repercussions includes 
the repeatedly broadcast video of Mr. Simpson in 
handcuffs — ‘That was unnecessary," the civil 
rights advocate Jesse L. Jackson complained. 

Also offered in evidence would be the now-fam- 
ous tape of Nicole Brown Simpson’s 911 call on 
which Mr. Simpson can be beard shouting threats 
and obscenities, and the People magazine cover 


photo of Mr. Simpson, his blond then-wife and their 
mixed-race infant posing naked and skin to skin. 

The Simpson case, in short, is a collection of racial 
dich&s, myths and stereotypes. 

“We bring almost stereotypical notions from the 
'50s and the T 6Gs to a reality that’ j too complex in the 
’90s for those models to explain cases like OX 
Simpson,” said Henry Louis Gates, a Harvard pro- 
fessor. 

“You can see that by the weird way everybody is 
going around talking about this,” Mr. Gates said. 
*Tve been on a book tour, talking to the people who 
check you in, shine your shoes, make up your room, 
and the phrase I keep hearing from black people is 
They’re cutting us down one by one.’ I think the 
people who talk like that are trapped in received 
ways, traditional ways, of analyzing the race prob- 
lem." 

Like any famous, successful black person in 
American society, Mr. Simpson has lived his life 
subject to the cross pressures and expectations from 
the white majority and blacks alike. Thus, while 
condemning the way the media have demonized Mr. 
Simpson, the public figure, as an alleged murderer 
and a wife-beater, some prominent blacks are quick 
to distance themselves from the man. 


“OX may have been a hero in mainstream Ameri- 
ca, but OX is no big hero in the black community,** 
said a Los Angeles entrepreneur, M uhammad Nas~ 
sardeen, founder of Recycling Black Dollars, a 
group that promotes black businesses. “In terms of 
what he has done for his commumiy, it's very little." 

Through the prism of race Mr. Simpson can be 
seen as a man who parachuted behind the lines of 
the other ride, adopted the values he found there and 
lived his life among aliens until be wound up in the 
middle of a nightmare involving the deaths of two 
people: his former wife Nicole, 35, and her 25-year- 
old friend, Ronald Lyle Goldman, 

“As I move around talking to people, I hear that 
black women have a variety of things to say about 
this, including 'Why did he have to end up getting 
involved and obsessed over a white woman?* ” said 
Audrey B. Chapman, a family therapist and counsel- 
or at Howard University and a specialist in black 
male-female relationships. 

Ms. Chapman noted the widespread belief among 
blade women — supported, she said, by U.S. census 
figures — that black males gel involved romantically 
with white women more frequently than the other 
way around. “There’s still this tension any time the 


issue is raised of a black male marrying a white 
woman. It's ‘Damn, she could have been a sister!’ " 
Ms. Chapman said. “It’s one less man for a black 
woman to have, and there is resentment." 

Mr. Nassardeen said, “My concern is that this is 
yet another opportunity to bring an African-Ameri- 
can down hard." 

He added, Tfs the denigration of the African- 
American male, an opportunity to put us in a nega- 
tive light any time we make positive strides." 

“Anybody whose bead is severed at the spine and 
brutalized, that’s the victim," said a New York 
managem ent consultant. Jewel Jackson McCabe, 
founder of the National Organization of 100 Black 
Women, a feminist advocacy group. “But I think 
that anybody who commits a crime like this is 
someone who obviously is also a victim." 

From another angle, it’s the Othello story, Shake- 
speare’s classic play about a brooding Moor in 
obsessive — and ultimately fatal — love with a white 
woman. 

“On one level it’s about a black man and a white 

desire,” said Harvard's Mr. Gates. “OJ*. Simpson is 
larger than life, but he’s also larger than race.” 


t'. y tK ndr 




Haiti Army 
Is Reported 
Shaken by 
Sanctions 


By Howard W. French 

New fork Times Service 

. PORT-AU-PRINCE, Haiti 
— Although the Haitian Army 
has outwardly responded with 
nothing but defiance to interna- 
tional sanctions aimed at driv- 
ing it from power, people famil- 
iar with the military’s workings 
say it now may be close to buck- 
ling. 

In recent days, a ban on com- 
merrial air traffic has baltpd nil 
but a handful of flights, and 
Washington has frozen most fi- 
nancial transactions involving 
Haitians and U.S. banks. 

In response, Haitian soldiers 
have stepped up urban patrols, 
built sandbag barricades down- 
town and; acted to restrict die 
movements of foreign journal- 
ists. 

But for all the blaster from 
Haiti’s militar y leaders, who 
have refused to bow to foreign 
pressure to allow the return of 
the ejected president, the Rev- 
erend Jean-Bertrand Aristide, 
Haitians with. ; bang ties to - the 
army describe a pattern of ris- 
ing dissent in the army’s officer 


POLITICAL NOTES 


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have been widespread 
reports in recent days that the 
army commander. Lieutenant 
General Raoul CMras, received 
a $500, 000 payment from Hair 
v tfs central bank, a payment 
■that, bank officials were told 
.would' be spent on a lobbying 
campaign in the United States 
and elsewhere against Father 
Aristide. 

But many suspect the money 
is a suit of golden parachute to 
ease a flight into exile by the 
-general 

Those who know General C6- 
dras wefl say that he now has 
Jew iOnsions about the army- 
badeed de facto government’s 
ability- to withstand sanctions 
fou is hesitating to cede power 
because of pressure from his 
wife^Yfflakk, and Ms closest as- 
sociate, the anny chief of staff, 
Brigadier .General Philippe 
■Biaznby, described as a fanatic 
devoted to the army. 



DOUBLE BACKING FOR NORTH — Oliver North, the Republican candidate for 
Virginia's Semite seat, talking pofitics at a fund rally with twins Boh and BO! Spence. 


Clashes Over Christian Right 

WASHINGTON — As they seek to unify 
their party for the elections this November 
and in 1996, Republican leaders are arguing 
over how to handle the growing power of the 
Christiah righL X 'V 

They are dashing over whether to soften 
their outright opposition to legalized abortion 
and debating tbeir stands on health care 
changes, welfare policy and family values. 

Only last week, the Senate minority leader, 
Bob Dole^ rose in the Senate to denounce the 
Democrats as “appealing to religious bigot- 
ry” by condemumg Christian conservatives' 
influence over Republicans. 

Yet the next day, a Republican colleague. 
Senator Arien Specter of Pennsylvania, ac- 
cused Ms party of mtolerazice because it had 
allowed that faction to gain power. Last 
weekend, prominent Republicans sparred 
over the issue at Iowa’s state convention. 

The fractures are evident in a party that is 
preparing for its. first presidential election in 
16 years as the opposition. Even though Re- 
publicans expect to pick up a number of 
congressional seats in the November election, 
their bigger concerns are about 1996. At issue 
is how the Republican Party can hold onto its 
bare without pushing itself so far towaid the 
political margins that, jt nominates a presi- 
dential can d idate who cannot win. (NYT) 


When the Democrats Hall Dole 


SAN FRANCISCO — Take note, because 


these words may never pass George Stephan- 
opoulos’ lips again: “In defense of Soiator 
Dole...” 

The defease of the White House nemesis by 
the senior White House aide came over the 
weekend at a Democratic Party gathering In 
San Francisco, where many state leaders ea- 
gerly heaped criticism on the Senate Republi- 
can leader. 

Most of it got hearty applause, but Mr. 
Stephanopoulos felt compdled to disagree 
when the Nevada Democratic chairwoman, 
Virginia Cain, said Mr. Dole should be 
branded a hypocrite for opposing govern- 
ment-guaranteed health care. She said Mr. 
Dole owed his life to government health care 
he received after being wounded in World 
War a 

“He is the product of Mg government," she 
said. 

Not so fast, said Mr. Stepbanopoulos. 

“He was a hero, a war hero,” Mr. Stephan- 
opoulos said. 

Then, the Clinton aide went even a bit 
further, even though Mr. Dole has had little 
kind to say lately about the Clinton White 
House and its health care views. 

“1 think he believes in health care," Mr. 
Stepbanopoulos said. ^ ^ 

Quote/ Unquote 

Senator Aifonse M. D' Amato, a New York 
Republican, after it was disclosed that he 
made a one-day profit of $37,125 on a stock 
offering: Tm no Hillary Clinton." (LAT) 


Clinton Seeks Years’ Delay of Lawsuit 


The Associated Pros 

LITTLE ROCK, Arkansas 
— President Bill Clinton win 
ask that a sexual harassment 
lawsuit be dismissed until after 
he leaves the presidency, ac- 
cording to papers his lawyer 
filed Monday in U.S. District 
Court here. 

The motion asks the court to 
allow Mr. Clinton to delay (he 
normally required response to 
the allegations until courts have 
decided whether a president 
can be sued. 

Robert Bennett, the presi- 
dent's lawyer, said in the court 
papers that Mr. Clinton will file 
a motion by Aug. 5 arguing that 


presidents are immune while in 
office from having to deal with 
private lawsuits. 

He said that responding to 
allegations and other matters 
involved in litigation would 
harm the nation by distracting 
the president from his public 
duties. 

The motion w31 ask the court 
“to Hisrmoc this complain t with- 
out prejudice to reinstatement 
after the conclusion of his presi- 
dency,” Mr. Bennett wrote: 

“Without prejudice” means it 
could be refued. 

Mr. Barnett’s fifing cites a 
1982 U.S. Supreme Court opin- 
ion related to former President 


Richard Nixon, which found 
that presidents are imm une 
from being sued for official ac- 
tions taken while they are in 
office. 

The lawsuit filed May 6 by 
Paula Corbin Jones, a former 
Arkansas state employee, al- 
leges that Mr. CBnton made a 
lewd sexual advance while he 
was governor in 1991. It is not 
clear whether presidents can be 
sued for actions taken before 
becoming president. 

“If the president were re- 
quired to prepare defenses and 
consult with counsel in connec- 
tion with moving to dismiss die 
complaint on grounds other 


than immunity, the very inter- 
ests that immunity seeks to pro- 
tect will be lost,” Mr. Bennett 
said. 

He also argues that the con- 
stitutional principles calling for 
separation of powers “require 
the court to restrain from exer- 
cising jurisdiction over this 
matter until President Clin too 
is no longer in office.” 

Mrs. Jones’s attorneys have 
told the judge that she has a 
right to see a formal response to 
the allegations. 

Mr. Clinton has denied the 
allegations by Mrs. Jones, who 
in 1991 was working for the 
Arkansas Industrial Develop- 
ment Commission. 


Court Gives Cable TV Room to Compete 


By Joan Biskupic 

Washington past Serrict 

WASHINGTON — The Supreme 
Court, in one of the most significant cases 
of the term, unanimously said Monday for 
the first time that cable companies are 
entitled to strong First Amendment pro- 
tection, approaching the safeguards ac- 
corded traditional media like newspapers. 

The ruling, in a case that had been long 
expected by business and consumer inter- 
ests, generally will give cable, telephone 
companies and other wire-based players in 
the Information Age more protection 
against federal regulations that would lim- 
it their ability to compete in the market. 

The court elevated the interests of cable- 
over that of broadcasters, who traditional- 
ly have been subject to more regulation. 

Yet the decision will not necessarily get 
cable out from under federal regulations 
that force cable companies to devote up to 
one-third of their channels to local broad- 
casters. 

By a 5-ti>-4 vote, the court said those 
regulations might bejustified by important 
government interests. Tor example, pre- 
serving the financial weD -being of local 
broadcasters. The justices returned the 
case to a lower court for consideration in 
light of the new standards. * 


As such, the new ruling will not immedi- 
ately change the rales for prog ramming. 

The five-justice majority said the “must 
carry” regulations, which were at the heart 
of the dispute, were intended to preserve 
access to free television, rather than aimed 
at controlling the content of cable pro- 
grams. 

Because the regulations do not target the 
“content" of progr amming . Justice Antho- 
ny M. Kennedy wrote for the court, the 
federal government only must show that 
the regulations further an important gov- 
ernmental interest. 

The Federal Communications Commis- 
sion, defending the 1992 cable law at issue 
and supported by the nation's broadcast- 
ers, had maintained that the “must cany" 
regulations ensure programming diversity 
and allow viewers nationwide and of ail 
financial means to have access to quality 
programs, whether by cable or over-the- 
air. ‘ 

If cable systems were not forced to cany 
a number of local broadcasters, the gov- 
ernment had asserted, advertising interest 
in local stations would dry up and they 
would be forced out of business. 

Justice Kennedy acknowledged that en- 
suring competition and the widespread 
dissemination of information were impor- 


tant public interests. But he said that the 
government had not proved that the local 
broadcast industry was in genuine need. 

Even with a heightened First Amend- 
ment protection, he said, “the government 
still bears the burden of showing that the 
remedy it has adopted” to protect the 
viability of local broadcasters “does not 
burden substantially more speech than is 
necessary to further the government's le- 
gitimate interests.” 

Justices who dissented from that part of 
the ruling agreed with cable companies 
that the “most carry” regulations unjustifi- 
ably targeted the content of speech. 

“They are an impermissible restraint on 
the cable operators’ editorial discretion as 
well as on the cable programme! s’ speech," 
Justice Sandra Day O’Connor wrote for 
dissenting justices. 

“For reasons related to the content of 
speech, the rules restrict the ability of cable 
operators to put on the programming they 
prefer, and require than to include pro- 
gramming they would rather avoid." 

Fos television watchers, the ruling sug- 
gests that cable companies will continue to 
be required to offer local commercial and 
educational broadcast stations, those typi- 
cally showing coQege basketball, or old 
movies and situation comedy reruns. 


U.S. Conference on Africa Under Fire 


Ir.rder 


U.S-Russian Space Station: Will It Fly? 


i‘ ^By Kathy Sawyer 

" Washington Ptxn Service 

. WASHINGTON —In 1984, 
wbojt Ronald Reagan approved 
'the construction of a human 
-outptet in orbit, the idea wasto 
"beat toe Russians. Nine years, 
*$10 bifficai and two presidents 
later, the idea of the space sta- 
rfion is to -work with the Rns- 
’to get the job done. 

The seemingly permanent 

battle over whether to kill 


A; lED* 

- - . .X-'Si jK# |W — — - 

i 1 to be itf ought in Congress, it 
could determine the fate of the 
human space flight program. 

"• * % .. The fast; showdown vote of 

j-. ‘the season could ooine as early 

■ •*" J ' I as Tuesday in House of 

" ' ' Tlcprcsentatives, where it sur- 

vived one vote last year. 

1 This year, officials predret a 
tatire cbmfoitabte margin- They 
say if s rime to stop debating 



fcncT start bmUtihg. TBnt oppo- 
nw^ Pi qwwi/l again -that there 
L cnoRgb money- 
. - tfe bow, the : U-S. gpvem- 
—< been unable, either to 
» effort br to get going on 
V tire program has re- 

appea in a -cycle of 

jeju and management 
a&lewfing tohudget cots 
change^- Which lead 
h> H$re' delays and $o on. The 

;>tati«Sj!£ 8S been redesigned sev- 

year's budget figh t, 
•'Clinton admims- 
: achieved 'what a 
_ide exports called a 
‘ m, die fang© 

tinteraafibnal sa- 
_5qwtibn ever at- 
ipeacetime. 


The administrator of the Na- 
tional Aeronautics and Space 
’Adm inis tr a tion, Daniel S. Gol- 
din, has spent weeks dashing 
around Congress, determined 
to visit 220 skeptical House 
memb ers before toe vote. He 
has sometimes been accompa- 
nied by Ms Russian counter- 
part, Yuri Koptev, whose coun- 
try is now a partner. 

Mr. Goldin’s message is that, 
under orders from the White 
House, the long-troubled pro- 
gram has been whipped mto 
shape, its management and 
budget trinwwffd and its pur- 
poses clarifi ed and broadened. 

Working with the Russians, 
the argument goes, not only 
saves money, reduces technic al 
risk and. enhances safety and 
flexibility for humans in rabk 
but it makes sense in the 
post-Cold War world. 

NASA wants to spend 517.4 
billion more to complete the 
station' and another $400 mil- 
lion for goods and sendees from 
Russia. Mr. Goldin says. 

That is in addition to S14 
bafioa to be spent on the pro- 
ject by Japan* Canada, Russia 
and 10 European nations. The 
gI 4 b31ian indndes a Russian 
contribution in facilities and 
equipment, which officials have 

(■ajn ifoted as worth $5 billion. 

The product of all this i s to b e 
a 415-ton research complex; 
with a 361-foot (109-meter) 

r and six laboratory mqd- 

The first element is to be 
sent into orbit in. late 1 99 7, with 
a completion date set for June 

2002 . The idan calk for 27 US. • 
shuttle flights, 57 Russian rock- 


et launches and one by the Eu- 
ropean Ariane 5 booster. 

In recent days, opposition 
leaders have blasted the pro- 
gram with metaphor. The pro- 
ject should be called Strep A 
“because rite space station is 
eating up every other NASA 
program to feed its ever-grow- 
mg appetite,” said Representa- 
tive Dick Zimmer, Republican 
of New Jeisey, referring to the 
flesh-eating bacteria that has 
been in the news much recently. 

Another member of the 
House, Timothy J. Roemer, 
Democrat of Indiana, said the 
space station is not the Cinder- 
ella of NASA, as some say, but 
rather “the ugly stepsister, 
cramming its enormous foot 
into a small er NASA budget." 


And on Friday, Senator Wil- 
liam S. Cohen, Republican of 
Maine, calling the program a 
“financial black hole," released 
a General Accounting Office 
report that said Russian partici- 
pation may not save $2 billion, 
as NASA asserts, because of 
costs related to adapting equip- 
ment 

Mr. Goldin said the differing 
figures represented a “book- 
keeping issue,” 

In general, the NASA chief 
added, the report is a validation 
of the stand that Russian par- 
ticipation “is a gpod deal for the 
American taxpayer." “It will 
save hundreds of millions, if not 
billions of dollars, while making 
possible a better space station.” 
be said. 


By Steven Greenhouse 

,V<nr York Times Service 

WASHINGTON — An ad- 
ministration-sponsored confer- 
ence on Africa Immediately be- 
came a lighting rod as black 
members of Congress seized on 
it to criticize President Bill 
Clinton's policies toward 
Rwanda and other African na- 
tions and to criticize the confer- 
ence itself as poorly planned. 

After accusations in recent 
months that the administration 
was neglecting Africa, W. An- 
thony Lake, the president’s na- 
tional security adviser, who or- 
chestrated the two-day 
conference, promised in his 
keynote speech an increase in 
attention and assistance. 

He enumerated poverty, civil 
wars, population growth and 
AIDS among the problems that 
need to be tackled in Africa. 

“Caring is not enough," he 
said Sunday. “Caring must be 
translated into conceptual clar- 
ity about the nature of the prob- 
lems that Africa faces, and then 
care must be translated into 
practical action.” 

But conceptual clarity and 
practical action are exactly 


Away From Politics 



• The Washington Times, the Washington 
newspaper linked to .the Reverend Sun 
Myung Moon’s Unification Church, has be- 
gun a n ational weekly edition that it hopes 
vriB sell 250,000 to 500,000 copies a week. To 
supporters, it is evidence of a coming of age 
for The Washington Times, a 90,000-circuIa- 
tion daily that has served as a rallying point 
for conservatives. To skeptics, the new publi- 
cation is fresh evidence that the church is 
trying to mold American public opinion, no 
matter what the cost 

• One in fonr mothers on welfare abuses alco- 
hol or drags, according to a new study that 
says “getting than unhooked" must be the 
central element of welfare reform. The report, 
^released by the Center on Addiction and 
Substance Abuse at Columbia University. 


also finds that mothers on welfare are three 
times more likely than other mothers to be 
substance abusers. 

• Storms rumbled across die mid-South from 
Kentucky to Georgia, spinning off tornadoes 
and causing flooding blamed for ai least three 
deaths, dozens of injuries and heavy damage. 

• California nine makers are going to Russia 
at the invitation of the Russian Orthodox 
Church in an effort to improve the quality of 
the church's sacramental wines. A delegation 
of wine makers from Sonoma County will 
make the trip. Russian Orthodox elders feel 
that the wines are not worthy to embody the 
blood of Christ, said the Reverend Thomas 
Devereatut of Sl John the Baptist Catholic 
Church in Healdsburg, California. 

SYT.AP 


what has been lacking, the ad- 
ministration’s critics argue. 

“I don’t think there has been 
a focus on Africa ever in any 
administration, inclu ding this 
one," said Representative Don- 
ald Payne, Democrat of New 
Jersey, chief foreign policy 
spokesman for the Congressio- 
nal Black Caucus. “1 have no 
idea what the focus of this con- 
ference is or what its intended 
goals are.” 

Like most members of the 
caucus, Mr. Payne boycotted 
the conference, complaining 
that it was poorly and hastily 
planned. Caucus* members also 
were angry that the White 
House did not solicit their ad- 
vice, he said. 

He faulted the administra- 
tion for being slow to condemn 
the killing in Rwanda as geno- 
cide and for dragging its feet on 
arranging for African nations to 
intervene there. 

In a stinging report timed to 
coincide with the conference. 
Human Rights Watch said the 
administration's “failure to 
make the prevention and pun- 
ishment of genocide in Rwanda 
a priority reflects the low level 
of American interest in Africa.” 

Rejecting this criticism, Mr. 
Lake said, “Throughout Africa, 
we have left no doubt in the 
minds of autocratic leaders that 
we insist on a rapid transition to 
democracy, return to civilian 
rule and respect for human 
rights." 

Mr. Lake said repeatedly that 
he hoped the conference would 
help the administration refine 
its policies on Africa. But ad- 
ministration officials said the 
White House would not an- 
nounce any new policies or eco- 
nomic aid. 

While he had lofty words to 
describe Washington’s commit- 
men t to Africa, Mr, Lake ad- 
mitted that its willingness to 
help is restricted by the federal 
budget deficit, an overstretched 
United Nations, and the Ameri- 
can public’s confusion on in- 
volvement abroad. 


Mr. Lake pleased the admin- 
istration’s critics by declaring 
that genocide has taken place in 
Rwanda. At the same tune, he 
acknowledged that the United 
States and other countries had 
done too little to prevent the 
slaughter there 
In a videotaped message 
shown at the conference. Presi- 
dent Nelson Mandela of South 
Africa called on the United 
States to help Africa build de- 
mocracy and pull out of poverty 
by “becoming the leading part- 
ner in the most novel and chal- 
lenging international project 
since the Marshall Plan." 


“There is no better time and 
place to play a pioneering role,” 
he said. “For many, many gen- 
erations, praise will be unto 
those who rose to the challenge 
as Africa set on a new and great 
be ginning -” 

Pointing to the democratic 
elections that brought Mr. 
Mandela to power, Mr. Lake 
asserted that Africa offers plen- 
ty of hope. 

“The terrible problems of Af- 
rican nations and the pessimism 
they can breed are matched 
only in scope by the continent’s 
huge potential,” he said. 


1, Rue de la Paix, Paris 



La Collection 

CORUM 

Horlogers-Joailliers 








Page 4 


TU ESDAY, JUNE 28, 1994 

PINION 


Beralh 


international 



PUBLISHED With THK NEW YORK TIMES AND THE WAMIIMiTWN POST 


A Way to Help Africa 


Americans should imagine the entire 
E aU ^ of thc District of ColumbS 
Mainland, Virginia, West Vugutia, ArEo- 

? * tan sas adrift in a state- 

riviE?? 311 * 111 honj elessness or at risk of 
^ from starvation and disease. That 
v ®®S“*“de of the discovery 
made by the U.&delegation that visited 
greater Horn of Africa a few weeks 
*§P- More than 20 million people in what 
th e world’s poorest and most 
troubled region are in danger of losing it 
“WW now > the situation will 
°®ocrae a fun-blown crisis in that part of 
sub-Saharan Africa if nothing is done. 

That blunt assessment is contained in 
k r F orl prcpared by Brian Atwood of 
the Agency for International Develop- 
ment, who led the delegation. Grim dis- 
patches out of Africa det ailing drought, 
food shortages, bloodshed and instability 
are not new. This report is different. It 
represents an American initiative to get at 
the problem in its beginnings. In anticipa- 
tion of the crisis, the Clinton administra- 
tion is mobilizing international support for 
a major effort against the h uman suffering 
that recycles in the Horn of Africa with a 
maddening regularity. Having sent the 
team to make a firsthand assessment. Pres- 
ident Bill Clinton now has in hand a plan 
to avert the looming disaster. 

The report recommends steps that the 
United States and the international com- 
munity can take to address the immediate 


food emergency. But it also looks beyond 
the moment to consider action that can 
move those African nations from their 
chronic food insecurity to thc point where 
development lakes place. Getting there 
will require resources beyond the capacity 
of the American Treasury. But the report 
suggests that sustained high-level Ameri- 
can leadership can induce action by other 
Western donors, international organiza- 
tions and the African nations themselves. 
That belief in American influence can be 
put to an immediate test. Many European 
nations have failed to deliver on their 
generous pledges of food aid. 

At the heart of the crisis, however, are 
conditions that Africans must accept re- 
sponsibility for changing. In the post- 
colonial era, most African countries, with 
Western help or indulgence, got their 
economic policies wrong. Foreign donors 
can help nations in the Greater Horn or 
Africa deal with the consequences of 
poor growing seasons. Debt relief and 
liber aliza tion of America's Generalized 
System of Preferences program for Africa 
will help, too. But they alone cannot re- 
verse Africa’s economic decline. Ending 
bad governance, reforming misguided ag- 
ricultural, financial and trade policies and 
baiting internecine strife — those are the 
crucial steps to recovery. The United 
States and others can help lay the ground- 
work, but Africans must walk that road. 

— THE WASHINGTON POST 


Before the Next Rwanda 


France professes to have no other mo- 
tive than humanitarianism in sending 
troops to rescue threatened minority Tut- 
sis in Rwanda's continuing civil war. That 
is good news. France had played a major 
part in arming and training the Hum gov- 
ernment whose troops and militias nave 
committed most of the civilian murders. It 
is only appropriate if the French are now 
mitigating a small pan of the harm arising 
from their (but not only their} earlier 
error. The anti-Hutu rebels can be par- 
doned for wondering whether France is 
coming back to save the Hutu killers and 
to deny the rebels the victory they believe 
they are on the path to winning! French 
reassurances to the contrary are welcome. 
Others should pay close attention. 

The Rwandan war, or this phase of it, 
is in its third month. Outsiders have man- 
aged to bring some relief supplies to quiet 
areas but not to protect civilians in dis- 
rupted areas. It is not simply that Rwanda 
is low on everyone's strategic list It was 
Rwanda's bad fortune to explode just as 
the United States was nailing into place its 
new policy of putting almost prohibitively 
high conditions on United Nations peace- 
keeping operations, even those operations 
in which Americans do not take part The 
few African countries responsive to UN 


They Rewrite Marrakesh 


President Bill Clinton preached open 
trade in April when be signed an inter- 
national trade agreement in Morocco, 
proclaiming that it would add SI trillion 
to the U.S. economy over the nest few 
years. But when the administration with- 
drew from public scrutiny to translate the 
Marrakesh accord into U.S. law, it lurched 
toward protectionism. At issue are anti- 
dumping rules, which countries use to re- 
taliate against foreigners who sell goods at 
prices below their production costs. 

The Marrakesh accord puts limits on 
the rules so that countries can no longer 
exploit them by finding dumping where 
□one exists. Bui the administration’s 
draft language includes provisions that 
either change the words of the Marrakesh 
accord — which the United States signed 
along with more than 100 other nations 
— or twist their meaning in such a way 
tha t America would be able to exclude 
more imports than the accord intended. 

To prove dumping, the United Slates 
typically must show that the price of an 
import falls below its production cost; the 
higher the estimated cost, the higher the 
price the foreigner must charge. The Mar- 
rakesh accord permits new foreign compa- 
nies to base prices on production costs at 
the end of a start-up period; by that time, 
costs have usually declined. But the ad- 
ministration changes the accord to in- 
clude some earlier and higher costs. Thai 
makes dumping easier to “prove." 

Another administration provision 
would have the effect of forcing foreign- 
ers to raise prices when output is low — 
during a recession, for example — just 
when domestic companies are cutting 
prices to survive. The administration 
also plans to waive part of the accord 
that would rule out retaliation for minor 
dumping infractions — where prices are 
set within 2 percent of costs. 

Finally, the accord permits retaliation 
only to the extent that dumped imports 
have injured domestic industry; but the 


administration would allow retaliation 
beyond the injuries caused by goods 
sold at unfair prices. 

The pattern here is to rewrite Marra- 
kesh for protectionist purposes. While 
this pattern provides new evidence of the 
administration's split personality on 
trade, it comes as no surprise to those 
who have witnessed other internal bat- 
tles, Officials like Laura Tyson of the 
Council of Economic Advisers have 
fought from the beginning to promote 
more open trade; others seem determined 
to protect steel mills and other politically 
powerful industries from competition. 

The draft document is an assault on 
consumers, who pay higher prices to do- 
mestic companies when they are insulat- 
ed from competition. It is also an assault 
on domestic exporters — like pharmaceu- 
tical and computer companies — whose 
products will be shut out of foreign mar- 
kets when trading partners mimic the 
U.S. rules. That reflects poorly on a presi- 
dent who claims NAFTA and the Marra- 
kesh accord as hallmarks of his first term. 

— THE NEW YORK TIMES. 

Other Comment 

Nuclear Weapons for Some 

The issue of nuclear weapons has be- 
come so beset with double standards that 
it cannot be judged on an ethical level. 
What it bods down to is that some nations 
can have them and others cannot, the 
implication being that the latter group is 
less responsible Lhan the others. There is 
nothing one would have liked more to see 
than the total destruction of the infernal 
nuclear capabilities for both war and the 
so-called peace purposes, but that is not 
what the Nuclear Club nations are aiming 
aL They want to possess nuclear weapons 
and prevent others from having them. 

— Saudi Gazeue (Jidda). 



International Herald Tribune 

ESTABLISHED l&S? 

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S-/WJ IiuenjiAnal HendJTribm All rifis menexL ISSN. 



Yes to War Crimes Truds o 



manders 


N EW YORK — “On the night of 
July 16 the camp commander or- 
dered the door to Room 3 locked for 
five days. [Guards] emptied all the pris- 
oners’ toilet cans onto the floor. At that 
time there were approximately 400 men 
in the room ... After approximately 
48 hours the outside temperature and 
lack of ventilation had created such an 
unbearable stench in the room that the 
prisoners started to riot . . . 

“Fifteen young men were pulled out 
of the room and beaten until dead as 
punishment for the unrest . . . Within 

an hour. ordered the remaining 

meo to be taken to the small courtyard 
and executed." 

An account of sadism in a Nazi con- 
centration camp? No, the quotation is 
from a lawyer’s interview with a survi- 
vor of a Serbian camp called Keraterm. 
near Prijedor in northern Bosnia. The 
incident occurred in July 1992. 

Many interviews with survivors of 
atrocities in the former Yugoslavia have 
been compiled for possible use in pro- 
ceedings of the war crimes tribunal set up 
by the United Nations Security CoucdL 
Reading them is hard to bear. 


By Anthony Lewis 


One former prisoner of the Serbian 
forces (named, but I was asked to with- 
hold names) “saw five detainees crushed 
to death by a Yugoslav national army 
truck while they had been made to stand 
against a waD.” The truck “squeezed 
their torsos slowly.’’ 

It is not just the killing that is so 
sickening to read about It is the torture, 
the humiliation inflicted by guards and 
officers. “The guards would come into 
the rooms, fire their rifles at the c eiling s 
and force some prisoners to swallow the 
empty shells of 7.6 2mm ammunition 
. . . During the day the guards took the 
prisoners outside and made them walk 
on all fours and bark like dogs. The 
prisoners had to take off their clothes 
and sit on bottles.*’ 

Prijedor is in an area of the most brutal 
Serbian “ethnic cleansing” — the process 
in which many thousands of Muslim 
Bosnians have been kilted and a millio n 
or more terrorized out of their homes. 
And the terror continues to this day in 
northern Bosnia, with Muslims still being 


rounded up by Serbian soldiers and 
dumped .across the border in Croatia. . 

. Scane people have questioned the desir- 
ability of war crimes trials for the former 
Yugoslavia. To read tbo interviews with 
witnesses of atrocities is to know why 
trials are essential — for reasons broader 
than the. punishment of evil. The reasons 
were powrfully oppressed in April by the 
US. delegate to the United Nations, Ma- 
deleine Albright, in a speech at the Holo- 
caust Museum in Washington. 

“The magnitude of the war crimes 
committed in former Yugoslavia,” she 
said, “demands an international legal 
response.” There was ^premeditated 
armed aggression.” Bosnian Serb lead- 
ers used “extermination or expulsion” 
to remove non-Serbian populations. 
Methods included “murder, torture, in- 
discriminate bombing, fire, dismember- 
ment, rape and castration.” - 

Most of the victims were not soldiers, 
Ambassador Albright said. They were 
ordinary people, “mtentionallv targeted' 
not because of what they had done but 
for who they were.” 

And so, she said, the atrocities in- Bos- 
nia raised old and terrible questions. 


out 


Wat do we do wien “tl« Sd 
- resources of a state are direc J^ -^ 0 f 
. ..the destruction of whole 
' human beings? How is it possible for so 
-many pc?*- capable of *mwgj 
and warmth in other contexts -— to 
scend to the fevel.of beasts?” _ 

War. crimes trials would be a aeterrem 
• to other such brutalities. Ambassador 
Albright said, in Bosnia and elsewhere- 
And men she made a point that I found 

: '^SSfceheseid. th.tre- 

spdnsibflity for thc horrors does not rest 
with the Sabs or Croats or Muslims as 
groups. “It rests with thc people who 
ordered and committed the crimes. An<j 
• ; the wounds of this terrible war will heal 
faster if the idea of collective guilt is 
replaced by individual responsibility. 

To those reasons I would add that 
judicial proceedings would hel p Serb s as 
a people recognize that their history has 
bom stained by psychopaths and mur- 
-derere who misled them. Sabs will be 
whole again only when they come to 
tfrwis with that truth, as most Germans 
> have with theirs. 

- Thc New York Times. . 




Europe Should Be Doing More to Bring Turkey Into ijbe Fold 


peacekeeping appeals have lacked the lo- 
gistical capacity to intervene on their own. 
Hence the importance of Fiance's role 
even though, to play it, the French are 
collaborating with and partially rehabili- 
tating Zaire's used-up dictator Mobutu 
Sese Seko. The Security Council did finally 
approve the French expedition but only 
after the French had decided to go it alone. 

The French plan is to do what 2,500 
troops can do briefly and relatively safely 
and then, in order to avoid the swamp 
that the United States fell into in Soma- 
lia, to hand off to an African peacekeep- 
ing force which is supposed to be readied 
in the meantime. Perhaps this is the best 
the so-called international community 
can do in the circumstances. 

But surely there is a better way than to 
wait with hands folded for ibe next 
bloodbath and then to scramble to 
staunch the flow. The better way is to 
assemble or earmark the requisite' forces 
and supplies before the crisis so that the 
Security Council can then have real re- 
sources available when it considers a res- 
cue mission. As things work now, the 
Security Council has only phantom re- 
sources at its disposal. The horrendous 
toD in Rwanda is the result. 

— THE WASHINGTON POST 


A NKARA — Is Turkey’ going 
. to be “the sick man of Eu- 
rope” again? Czar Nicholas I 
coined the phrase at the time of 
the Crimean War when the Otto- 
man empire had entered its termi- 
nal decline, and now the troubles 
that beset Turkey bring the label 
to mind once more. 

Turkey’s ills seem legion, even 
though its structural strengths re- 
main. It is the only genuine mar- 
ket economy and' parliamentary 
democracy in a region that it in- 
creasingly dominates. The mod- 
ern secular state that Kemal Ata- 
turk founded in 1922 has not only 
been a success story but is one of 
the few less developed countries 
to have made it into the ranks of 
the industrialized world. 

Yet the country’s economic cri- 
sis is starting to reach alarming 
proportions. The government, ac- 
cording to the Turkish press, is 
“drowning in debt,” with foreign 
borrowings that now stand at S70 
billion. The medicine for tackling 
this indebtedness and inflation of 
about 100 percent a year is to be 
an austerity package that will be 
so severe that it risks sparking 
social and political unrest 
Turkey is far from being at 


By Giles Merritt 


with itself. Prime Minister 
ransu CBler is increasingly un- 
popular and her coalition govern- 
ment appears riven by backbiting 
and dissension. The Kurdish sepa- 
ratist campaign being waged by 
Marxist- Leninist terrorists has 
taken on the look of a full-blown 
civil war. The Turkish army claims 
that it will all be over militarily by 
the end of the year, but even so the 
deep political damage will persist. 

The specter that haunts Tur- 
key’s political leaders is that the 
country is steadily becoming 
more vulnerable to Muslim fun- 
damentalism. Earlier this year, 
the Islamic- led Welfare Party 
won 19 percent of the vote in 
local elections, and the fear is that 
its appeal among the underprivi- 
leged will be further strengthened 
by the Ciller government’s auster- 
ity program. Half the population 
is less than 25 years old, and un- 
employment among young peo- 
ple is officially reckoned to be 36 
percent This is liable to become 
an even more persuasive recruit- 
ing sergeant for the fundamental- 
ists once the economic austerity 
measures start to bite. 


Ankara’s problems are far 
from just domestic. Fervently 
pro-European Turkey, which has 
been such a mainstay of NATO, 
is now at odds with its friends and 
allies on a range of issues. The 
United States is saying it will cut 
25 percent of the $300 milli on it is 
due to pay Ttirkey in military aid, 
as punishment for Ankara's poor 
human rights record. With Tur- 
key already hurting from the $20 
billion it reckons the Gulf War 
cost its economy. Mrs. Ciller re- 
portedly has told President Bill 
Clinton that she will not accept 
any assistance at all if that is how 
(he United States feels. 

Turkey also is feeling sore with 
the European Union, which is 
soon to include Austria, Sweden, 
Norway and Finland. That, plus 
the prospect of a further enlarge- 
ment in 1999 that would bring in 
Hungary, Poland, the Czech Re- 
public and Slovakia, is causing re- 
sentment. Turkey fears that it will 
forever be sent to the back of the 
line, although it has been 30 years 
since it became an associate mem- 
ber of the European Community. 

In short, Turkey is paying the 


price of yeas of spendthrift eco- 
nomic policies ana also of its re- 
fusal to listen to warnings that the 
human rights question is viewed so . 
seriously, by Western public opin- 
ion that both EU and U.S. politi- 
cians have limited room for mar 
neuver when dealing with Ankara. 


leaders seem to have difficulty in 
gau g in g not only, foreign attitudes 
but also the true state of affairs 
domestically. At times they act Eke. 
the famously obese Ottoman Sul- 
tan Abdulaziz who inspected his 
350-pound bulk every morning in 
a special slimming mirror, they 
see what they want to see. At 
others times, tike now, they tend 
to be far too pessimistic . 

A moire balanced picture might 
be that while Turkey’s immediate 
future looks tough the Ciller 
government’s savage, some say - 
clumsy deflationary measures are 
certain to spark political turbu- 
lence — the longer-term outlook 
is not necessarily gloomy. . 

The customs union that : Turkey 
and the European Union are ne- 
gotiating mil bring Turkey inside 
Europe’s common external tariff. 
At first the import on a number 
of outdated and protected Turk- 


ish industries will be devastating. : 
But the hardworking Turks are : 
already 'telling themselves. “We . 
need a-crisas to shape up.” 

The key to -Turkey’s future is ■; 
the sort of place that will be 
found for it in the post-Cold War ■ 
framework of international _eco- ' 
nomic and security cooperation. 

- Turkey’s importance as the link 
between Europe and . the trouble 
spots of the Black Sea, the Cauca- 
sus and the Near East is widely 
'appreciated, but there is still a 
reluctance to bring Turkey into 
the structures- of Europe. EU 
membership seems as distant a 
dream as ever, and British-led ef- 
forts to bring Turkey into the 
Western European Union also 
have been rebuffed. 

If Turkey is to be a peacekeep- 1 
er and a pole of stability in a' 
region that is growing more vola- 
tile and uncertain, then Europe, 
must be more supportive. The 
European Union should look be-' 
yond its habitual concer n s over 
trade- and European integration 
: and focus on the geopolitical role 
it wishes Turkey to play. Above 
aD, the West must restore to Tur- 
key a sense of belonging. - 

International Herald Tribune. 




World Trade Arrangements Are Neglecting the Main Problem 


:§\ 


T OKYO — The Uruguay 
Round has been a diversion, 
allowing trade officials to appear 
to be engaged in trade expansion 
without tackling the politically 
difficult central problem. 

The Uruguay Round sought to 
expand a fundamentally ineffec- 
tive discipline over new areas, 
such as services, intellectual prop- 
erty and agriculture. In the end, it 
had to be concluded, because too 
many parties had spent too much 
time on it, and had promised ev- 
eryone indispensable results. 

To be sure, the result may stim- 
ulate more trade between the 
United States and Europe. Some 
developing and industrial coun- 
tries may find access to each otb- 


By Karel van Wolferen 

This is the second of two articles. 


er’s markets enhanced. But the lat- 
est GATT agreement, signed on 
April 15 in Marrakesh by repre- 
sentatives of 109 governments, 
and the World Trade Organization 
that it envisions, provide no reason 
for hope that conflicts produced 
by institutional incompatibilities 
can be dealt with more effectively. 

Instead there is every chance 
that the projected WTO will be- 
come a new instrument with 
which the world's greatest trade 
managers promote their interests. 

Japan's Ministry of Internation- 
al Trade and Industry has already 


come out with a report recom- 
mending that Tokyo should make 
foil use of the strengthened disr 
pute settlement procedures of the 
WTO against countries that have 
thrown up barriers against Japa- 
nese exports. Evaluating practices 
erf trading partners in 12 areas. 
Mill listed the United States as 
an unfair trader in 10 of these. 

The United States will be at a 
disadvantage versus Japan when 
the proposed dispute settlement 
mechanisms begin to operate, 
since they axe not designed to 
deal with an economic system 


Here Is America After the Cold War 


S ALZBURG — Where's 
America? Thai question 
forms the political story for a 
conference here. Foreign opin- 
ion leaders want to know what 
has happened to American lead- 
ership in world affairs. 

They wonder anxiously if we 
Americans will be engaged in 
their lives without theCoid War 
to draw us into their politics. 
We inhabit their dreams, and 
their nightmares, beyond dawn. 

Bui there is a personal story 
as well here in the town or Mo- 
zart. of the von Trapp singers 
and of vast baroque churches. It 
is the story of age and youth, or 
careers at full tide and not yet 
begun, of daughter and dad, of 
Lily Hoag] and at age 14. 

Work t of a particularly pleas- 
ant sort) for me and the other 
conference-goers, the Salzburg 
Seminar is vacation and discov- 
ery for Lily after a hard-fought 
school year in Washington. 

While there are daylong ses- 
sions on international politics 
and economics for us. there are 
for her salt-mine shafts with 
sliding boards and palaces with 
mischievous hidden fountains 
to be explored. 

The seminar is an American- 
organized workshop that at- 
tract rising midcareer profes- 
sionals from around the world. 
In this session, the “fellows” 
represent 37 countries, many 
from the former Soviet Union 
and Eastern Europe. They ex- 
change ideas and information 
with a small “faculty." mostly 
Americans with experience in 
politics, diplomacy, journalism, 
law or academia. 

1 should add one more detail: 
the seminar is herd hr Max Rein- 
hardt’s Leopoldskron Schloss. 
the miniature castle where much 
of “Thc Sound of Music” was 
Filmed. This was the lure l trolled 
before Uly: the chance to live, 


By Jim Hoagland 


however briefly, in the iconogra- 
phy of her childhood. She bit. 

Would that connection hold 
the interest of an entry-level 
American teenager when she 
confronted the cloud of boredom 
that frequently hovers over inter- 
national conferences even for 
iho5espeakkg at them? 1 quickly 
discovered that I need not worry. 
A 14-year-old girl brings her owq 
cloud of magic and sunshine 
with her, wherever she goes. 

A 1 4-y ear-old is at least two 
people: the young gin who one 
moment is playing lovingly with 
the castle cats and Tyrol teddy 
bears she has bought as souve- 
nirs for her friends, and in the 
next instant a young woman 
scoping out the most elegant 
cosmetics and fashions avail- 
able in a European resort town. 

The fluid ease with which she 
moves between these two psy- 
chological epochs is astonishing 
to apprehend. I learned a lot 
about Tajikistan, Ukraine and 
other places this week. But what 
I learned about the magical 
spell that a 14-year-old girl can 
cast on attentive adults noil out- 
last all those other discoveries. 

Lily does her learning over 
the luncheon and dinner tables. 
Antonio, who had just spent the 
day explaining the European 
Union to questioning adults, 
enchants her with a discourse 
on the beauties of Barcelona 
and the majesty of soccer. Ka- 
ren, a recent graduate of Mid- 
diebury College, is here as an 
intern. She talks about the re- 
wards of majoring in languages, 
Others offer their support and 
their career insights, which seem 
to be filed away in a young 
cerebral data base for later use. 

My con versa lions are as usual 
political, but with a difference. 


There is little erf the pretense and 
bombast that infects many of the 
formal interviews a visiting jour- 
nalist conducts on a trip to for- 
eign capitals. Tnsteqd . a who 
has carefully circled me at the 
beginning of the conference ar- 
ranges a long talk over coffee. He 
explains how and why the regime 
for which he works is on the road 
to dictatorship and ruin. His 
comments would cost him his 
job, and perhaps his life, were 
he to repeat them in his office 
back in — well, back home. 

In the formal sessions, I talk 
about Bill Clinton, his foreign 
policy and the press in America. 
The fellows’ knowledge of Amer- 
ican events is startling. They are 
polite and respectful about the 
president, personally, they do 
not ask about Whitewater or 
Paula Jones. But they hammer 
American policy. 

Where is America on Rwan- 
da? What are its real intentions 
toward Russia? Bulgaria? And, 
one fellow asks, Palestine? When 
will the confuaon of the immedi- 
ate post-Cold War era — a peri- 
od that the Salzburg Seminar 
president, Olin Robison, labels 
“the first five years of the 21st 
century” — lift? Where, they ask, 
is America on the issuers) of 
most importance to me? 

There are no obvious an- 
swers, beyond the suggestion 
that America may be taking a 
needed break to get Its own 
house in order. 

But at week’s end I realize 
that I have unwittingly provided 
this group with a glimpse of 
something that should be more. 
valuable and reassuring.than all 
the words I could speak: the 
lively, engaged curiosity -of an 
American teenager learning 
about a world in which Ameri- 
ca still counts, in dreams and in 
nightmares about the future.' 

The Washington Post 


mostly defined by inf ormal ar- 
rangements not scrutinized by 
Japanese domestic law. 

MITI can easily take the moral 
high ground as it accuses Wash- 
ington of violations <rf free trade 
roles. It can point to any revival of 
the Super 301 trade law, or 'anti- 
dumping actions, as examples of 
U.S. protectionism, fat fact, MI- 
TTs report is emphatic on the need 
for countering U.S. and European 
anti-dumping measures. ", 

Japanese officials will proceed 
in this manner not because they 
are bad and must be taught, the 
path of virtue, but because they 
consider it their task. Appeals to a 
shared global common good may 
make sense to them individually, 
but as members of institutions, 
whose mission it has long been to 
promote Japan’s industrial for- 
tunes they cannot heed it 

The ambitious politician Ichiro 
Ozawa may eventually succeed 
in turning Japan into what he 
calls “a normal country” that 
promotes consumer welfare, but 
this wiD require moving several 
mountains. 

Japan has posed the first major 
challenge for GATT, but by no 
means remains alone. The mir- 
acle economies of East Asia, the 
fastest growing region- in the 
world, have copied pans of the 
Japanese modeL 

China’s new and fast-growing 
economic power is not controlled 
by a traditional entrepreneurial 
class but by a powerful bureau- 
cracy and its prottgfe. 

No one ever thought it was the 
aim of the Soviets to promote 
consumer welfare. It should not 
be too difficult for the United 
States to see that neither is it the- 
currem aim of Japan, China and 
a few others. 

The notion that the WTO will • 


eventually make good Anglo- 
style capitalists .of all member 
countries is ludicrous. At best, it 
will measure inch by inch the. 
correct, unplementation of spe- 
cific rules, while ignoring the in- 
compatibilities of real life. 

More Seely, as it votes on 
amendments and interpretations, 
-of the charter, it will turn into a 
cabal antagonistic to GATT’s, 
original purpose. An alliance of. 
“good guys, held together by. 
carrots, sticks arid mtich sweat,; 
made the United Nations serve 
UJS. interests, at least to some- 
extent. Only those who see (heir- 
economic interests in strategic, 
terms win make a comparable ef-! 
fort to direct the WTO. 

No democratically elected gov-; 
eminent can survive by allowing 
large swaths of its industry to be, 
devastated by economic organi- 
zations that need not compete for, 
capital, or profit. By not address-' 
ing institutional incompatibility,-' 
the WTO will force governments, 
faring that prospect to resort to 
ad hoc bilateral deals — even as it 
will simultaneously place more; 
obstacles in their way. 

A trade structure providing no, 
means of coping with a huge pro- 
blem and yet forbidding govern-' 
meats to cope with it themselves! 
will collapse. 

To save the world for free. 
trad e, the current design of the 
WTO must be scrapped and the? 
contracting parties of GATT- 
should master the political will 
arid courage to deal with the prir 
mary issue that has undermined 
the global trade regime. 





contributed this comment to The. 
Washington Post 


IN OUR PACES: 100, 75 AND 50 YEARS AGO 


1894: New President 

PARIS — At one minute to four 
o’clock yesterday afternoon [June 
27] there was a wild rush in the 
corridor of the National Assem- 
bly at Versailles, and at the same 
time the cry went up: “Casimir- 
Perier has been elect e d. ” That cry 
was taken up from corridor to 
corridor, flew up and down stairs 
like a flash of Ughtoizig. out 
through windows and doors, into 
the streets, where expectant , 
crowds were waiting. — and had 
been waiting for .hours — with, 
feverish anxiety. •*" 

1919: Gpis^asAieme 

PARIS —The German delegates 
entrusted with the task of affixing; 
Germany’s signature to the Peace 
Treaty arrived in Paris last night 
[June 271. The ceremony -of the 
signature wiD be held at 3 p-.rn.rn 
the Galerie' des GlaceS at Ver- 


sailles, where the German Emni re " 
was proclaimed in 1871. Four' 
documents have to be signed: the 
Peace Treaty itself, tiuTccmven: . 
turn concerning Alsace-Lorraine: - 
the. anwmtion relative to theoS- 
copied Rhine territories, and the 7 

-1944: Republicans Sing 

— [From our Net? 

p£ k ^ tl0n :l ^ fcousaa dsd? 

^ CWcaao StaSim-- 
accorded Rwresentativp 

X^d LuCe a me tnbutetfl^ 
she had completed her srxJ^ 


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INTERNATIONAL HERALD TRIBUNE, TUESDAY, JUNE 28, 1994 


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Meet Jimmy Clinton 9 Miracle Man 

rjCTASHINGTON — “It 
W kind of like a mira 


was 
miracle,” 
breathed Jimmy Carter, about his 
conversion of North Korea's dic- 
tator from lion to lamb. No won- 
der Kim II Sung denied entry to 
special envoys chosen by Presi- 
dent Bill Clinton last month. Sen- 
ators Sam Nunn and Richard Lu- 
gar would have presented a strong 
American position on his nuclear 
bomb production. 

North Korea much preferred 
the eager courtship of Mr. Carter, 
who as president wanted to re- 
move U.S. troops from South Ko- 
rea. Mr. Carter went not as a rep- 
resentative of the United Slates, 
but as one who opposed the impo- 
sition of pressure on the North that 
would have made it costly for Mr. 
Kim to break the midear treaty. 

Amazingly, as Mr. Carter 
proudly brought a CNN crew into 
his meeting with the North Kore- 
an strongman, the world could see 
and- hear the American blatantly 
misrepresent the U.S. position: 
President Clinton would not con- 
tinue to press for sanctions, Mr. 
Carter declared, in direct contra- 
vention of instructions. 

Even more amazing was the re- 
action of what is laughingly called 
the Clinton national security team 
to this usurpation of presidential 
authority. At the urging of Vice 
President A1 Gore, Mr. Clinton 
grasped for some reason to believe 
that Mr. Carter’s appeasement had 
worked, and that North Korea was 

using the Carter brokerage as a face- 

saving device to make a concession 
on its plutonium production. 

Eater what Kennedyites liked to 
call “the Trollope ploy.'* In the 
19tb-centuxy romantic novels of 


By William S afire 

Anthony Trollope, heroines delib- 
erately misinterpret a squeeze of 
the hand as a proposal of marriage. 
Last week, Mr. Clinton chose to 
view Mr. Kim's promise of a tem- 
porary suspension of his plutoni- 
um- making — a pause required 
anyway to lei rods cool — as the 
long-sought verifiable “freeze." 

In response to this televised ma- 
nipulation, Mr. Clinton then em- 
braced his loose cannon as his sav- 
ior. America caved in to Mr. Kim’s 
demands to resume high-level talks 
that had been denied North Korea 
after its repeated double-crossing 
of negotiators. Crisis declared over. 

Here, on the vital interest of the 
United States in stopping rogue 
states from becoming nuclear pow- 
ers, we have an amalgam of the 
worst of two presidents. 

Jimmy Carter, truster of Leonid 
Brezhnev until Afghanistan, truster 
and promoter of the Bank of CrediL 
& Commerce International banker 
until thousands of depositors were 
bilked of their savings, makes his 
pilgrimage to the last Stalinist — 
and again bets on the contagion of 
his own indisputable goodness. 

Bill Clinton — passive in Bos- 
nia, paper tiger in China, other- 
directed about Haiti — is again 
hoping for a break to distract the 
world's attention and to kick the 
can ahead for decision by his nu- 
clear- threatened successor. 

Result: the creation of President 
Jimmy Clinton, with (he return of 
the malaise of leaderlessness. 

Reaction of doves to this latest 
visit to Trollope is: What’s wrong 
with talking? If Mr. Kim wants 


meetings, give him summits. Since 
the United States can’t get China 
and Japan to help lean on him, why 
not test his promise to “suspend” his 
nuclear buildup, in return for recog- 
nition, trade and aid? 

The reason for not getting suck- 
ered into another year's cat-and- 
mouse is the ticking of a clock. For 
safety’s sake, the United States 
ouldi 


shot 


I negotiate from strength; bet- 
rible 


ting on hopes is irresponsible. 

North Korea is in the business of 
secretly building nuclear bombs. It 
deceived the world by producing plu- 
tonium in the past; the CIA and the 
UN inspectors believe North Korea 
has at least one device ready. From 
Moscow it is learned that the KGB 
was convinced of Mr. Kim's impend- 
ing capability four years ago. 

Remember how wrong the world 
nuclear police turned out to be in 
underestimating the advanced state 
of Saddam Hussein's buildup? The 
odds are that the experts are just as 
wrong about North Korean nukes; a 
closed society can keep big secrets. 

By pretending to be insulted by 
the world's nosiness, Mr. Kim aJ- 


plutonium. May! 

weapons; maybe some has been sold 
to Iran; maybe more is being made 
secretly beyond Yongbyon. 

Washington is today giving him 
the time to make a fresh five-bomb 
supply. If it does not accede to his 
demands this fait Mr. Kim will add 
to the stockpile beyond U.S. reach. 

That is the position Jimmy Clin- 
ton has placed America in. With no 
basis for trust, it is trusting North 
Korea with precious time. It’s land 
of like a miracle. 

The New York Tunes. 



If North Korea starts anything, we t con ’ t 
just mail them a letter — tee'll fax it/ 


When the Cries of Racism 
Drown Out Culture’s Color 


By Malcolm Glad well 


N EW YORK — When I was a 
child I once went to my moth- 
er’s family’s church in the hills of 
central Jamaica, and as the service 
entered its second hour my father — 
who is white — got up and left. He 
was raised in the Brethren church of 
England, a place of solemn tones 
and measured silences. But this was 
something else again — a long after- 
noon of singing and swaying and 
passionate preaching — and I think 
it overwhelmed him. 

I thought of this earlier this year 
when I wrote a profile of the Rever- 
end A1 Sharpton, the New York 
preacher. I was trying to explain 

MEANWHILE 

why Mr. Sharpton simultaneously 
attracts a devoted following among 
some blacks and almost no follow- 
ing at all among whites. Might this, 1 
asked, have something to do with 
the different ways that white and 
black culture use language and emo- 
tion? Might white voters, like my 
father, simply be overwhelmed by 
an unfamiliar style of presentation? 

This I thought a perfectly benign 
observation. But lo and behold Jesse 
Jackson, responding in a letter to the 
editor, said of my article: “It's been 
a long time since I have read some- 
thing so racist.” And now Bernard 
Williams, pastor of the New Cove- 
nant Christian Church in the Dis- 
trict of Columbia, has called me a 
“hatemonger." Oh my. 

I have to confess that I bare no 
clear idea about what exactly I did 
to upset these men. Mr. Williams, 
for example, seems to imply that I 
was unqualified to write about Mr. 


LETTERS TO THE EDITOR 


- When Duty Beckons 

. . 0 "" There is no doubt that the French 

; military operation in Rwanda is a 

: - ■ V 11 hazardous one. A few weeks ago we 

7 ..... celebrated another hazardous land- 

- . . ‘T LTrf ing operation which took place 50 

. ,171“;, years ago. Of course the sizes of these 

operations cannot be compared. But 
_ " . ‘ ... “ H,7 t. their aims can be compared; Being 

7 ‘ worthy of our civilization. 

. .. '77717 GEORGES GRIMAL. 

Montmorency, France. 

. - - 

: ' l ' ' i Africa: Solutions Do Exist 

• The front-page article “In Africa, a 

' . '.-L Mood of Desperation” (June 20) is a 
litany of bad news for a continent 
that hardly needs any more. While 
this report unfortunately offers no 
solutions, the problems it lists do 
point to ways of avoiding disaster. 


Family pl anning , education and 
the means for birth control need to 
be made widely available if such 
countries as Nigeria and Ethiopia 
are not to break down under popu- 
lation growth rates often in excess of 
4 percent a year. Governments 
should be encouraged to support, 
both generally and in terms of fund- 
ing, population growth reduction 
proposals to be made at the upcom- 
ing United Nations conference on 
population. Bilateral assistance pro- 
grams should be strengthened, pro- 
viding the resources needed to actu- 
ally have an impact. 

The issue of population control is 
too complex to address in just one 
paragraph. But the point is that 
things can be done. Steps are being 
taken, but need more support, greater 
commitment and continued review. 

The world owes Africa more than 


a quick list of intractable problems, 
a throwing up of the hands in a 
gesture of resignation and a heading 
off to parts of the world where pro- 
blems are less challenging. We must 
find the means to make the next 
century a lime when this huge, beau- 
tiful continent comes lo terms with 
its troubled past and present and 
once again provides a stable home 
for its inhabitants. 

CHARLES BODWELL. 

Vienna. 

A Mistaken Embargo 

Regarding "Why Lifting the Arms 
Embargo Would Be a Mistake" 
(Opinion, May 6): 

I .wonder bow people like Senator 
Claiborne Pell and Representative 
Lee Hamilton can still believe that 


there is a possibility for peace in 
Bosnia through negotiations. Even if 
the Serbs would promise to give 
back 20 percent of captured territo- 
ry, why should they fulfill such an 
agreement? They have not kept a 
single promise during the war. 

The only way to achieve results is 
to force the Serbs. They have to un- 
derstand that their behavior is not 
acceptable to the international com- 
munity. The arms embargo made it 
possible for the Serbs to achieve what 
they wanted: a Greater Serbia. The 
victims, Croats and Muslims, were 
not allowed to defend themselves. If 
nobody can be found to save Bosnia, 
the international community should 
give the Bosnians the unalienable 
right to respond to this aggression. 

ALEXANDER RHOTERT. 

Hannover. Germany. 


No Soccer Voodoo Here 

In response to "Without Rob on 
Their Side" (Letters, June 24): 

I consider Rob Hughes an expe- 
rienced and impartial commenta- 
tor on soccer. Given his back- 
ground, I do not believe that his 
predictions must be based on voo- 
doo practices, but rather on more 
than 20 years of lucid observation 
of the soccer scene. He never 
skimped on praise of such great 
artists as Van Boston or Gullit. As a 
Brazilian myself, I would very much 
tike to see the Dutch win their first 
World Cup, if they are up to snuff. 
And remember, B. J. Fernandes, if 
the Netherlands ever was voodooed 
out of a title, it was by a fellow 
European country, not by Brazil. 

HERMANO TELLES RJBE1RO- 
Paris. 


Thank the Good Doctor 

Hurrah for Dr. Whoopee and 
Doonesbury! Again, reality catches 
up (although a bit late) with art. The 
“European Topics" item (May 12) 
about rapid home delivery of con- 
doms in Berlin incarnates Garry 
Trudeau’s hilarious idea of a few 
years ago, when condom became an 
acceptable word in newsprint. 

ROBERT LACKENBACH. 

Diano Marina. Italy. 


Letters intended for publication 
should be addressed ** Letters to the 
Editor" and contain the writer’s sig- 
nature, name and fail address. Let- 
ten should be brief and are subject to 
editing We cannot be responsible for 
the return of unsolicited manuscripts. 


Sharpton because I was white. As it 
happens, I am not. But in any case, 
why should this matter? Do report- 
ers have to mail out copies of their 
family trees before they presume to 
write about African Americans? 

What I did was simply to refer, in 
a few short paragraphs, to the argu- 
ments of some linguists that there is 
a difference in the way black and 
white cultural styles employ emo- 
tion. In Anglo-Saxon culture, emo- 
tion is considered an indication that 
the speaker is out of ccmroL It is 
viewed with suspicion. In black cul- 
ture, by contrast, emotion is viewed 
in a more positive light, marking 
“sincerity and co mmi tment” As a 
result, blacks and whiles sometimes 
come lo very different conclusions 
about the motives and character of 
public figures. 

This is how Mr. Jackson inter- 
preted this argument: “In other 
words, African Americans don’t 
make decisions based on what a can- 
didate says, but how he says it" 

Give me a break. It should go 
without saying that all of us listen to 
the content of each other’s speech 
and make decisions accordingly. But 
speech is accompanied by context, 
by body language, by gestures, by 
facial expressions, by accents and 
intonations and by emotions, all of 
which serve to enhance or alter the 
meaning of the words themselves. 
The point of this part of the article 
was simply that black and while 
cultures use and interpret these 
kinds of accompanying signals and 
nuances differently. 

I don't find this description of the 
black cultural style offensive. Quite 
the opposite. The black half of my 
family does a much better job of 

mmmrnii rauin g than the white half . 
For that matter. I’ve always thought 
that Mr. Jackson does a much better 
job of co mmuni catin g than many 
white politicians. This is called an 
acknowledgment of cultural differ- 
ence. It is not called racism. I don’t 
know why I have to lecture a civil 
rights leader on the distinction. 

I don't know, in the end, whether 
to be insulted by this episode or am- 
ply frustrated. Understanding lan- 
guage and how it is shaped by cul- 
ture, I think, is an important tool in 
defusing racial tension and misun- 
derstanding. In the Sharpton piece, 
for example, I was attempting to ex- 
plain to white readers why thar aver- 
sion to Mr. Sharpton might be less a 
rational reaction than a kind of cul- 
tural reflex. This task is difficult 
enough. It isn’t any easier when peo- 
ple in the community you're trying to 
explain call you a raosL 

The writer is The Washington 
Post’s New York bureau chief. 


CHESS 


BOOKS 








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By Robert Byrne 

I N Round 4 of the Euwe Me- 
morial Tournament, Vasili 
Ivanchuk beat Garry Kasparov. 

The 6 14 attack against the 
Najdorf Sicilian is noncommit- 
tal in comparison with 6 Bg5 or 
6 Bc4, but it does not present a 
dear target for Black’s counter- 
play as- these others do. Cur- 
rently, Black’s preferred re- 
sponseis 6~.e5 7 NG Nbd7 8 a4 
Be7 9 Bd3 0-0 10 CW) ef 11 
Bf4 followed by the challengmg 
acceptance of the gambit with 
Il"Qb 6 12 Khl Qb2. Ka- 
sparov has lately chosen 

• Kasparov’s striking in the 
center with 9_e5? to anticipate 
a white pawn avalanche on the 
kingade, fell into Ivanchuk’s 
unexpected crusher with 10 fe 
dellBM! 

Kasparov decided upon 
H_Bk 6 12 QK 0-0 13 Nd5 
Qa5 14 b4 Qd 8 15 Ne7 Qe7 16 

Qe7ed as the best way to pot up 
resistance. Black yielding his 
queen for two minor pieces, yet 
marnfainmg an intBCt position. 

After 20 Be 6 , Ivanchuk, fol- 
lowing a well-known formula 
for similar situations, gave back 
a small amount of mate ri al with 
21 Re3! de (2I.~Rc8 22 Qc 8 ! 
Bc 8 23 Rd3 is easier to win for 
White) 22 Be 6 Ne 6 23 Qe3 to 
reduce the material 
Kasparov played 23„a5 24 
b5 Rac 8 25 0-0-0 Rc5 26 Rd5 
66 to organize a blockade of the 

RfcS 29 Rd 2 Rb7 30 g4 Nc5 31 
Qf 6 ! h 6 (31_Ne4? 32 Rd 8 Rd 8 
33 Qd 8 Kg7 34 Qd4Nf6 35 g5 ■ 
yields White a piece) 32 e5 Re 8 
33 b41, Ivanchuk had developed 
a second front against the ene- 
my king position. 


MSmnOVfBLACK 



d • i g ft 
WANCHWmrri 

Position after 10. do 

On 35_Rd6 36 Qd 8 !, Ka- 
sparov could not play 36.~Re5? 
because of 37 Rb 6 ! Kh 6 38 Qh 8 
mate. 

After 36...Kg7 37 a3 a4 38 
Kb2, it would have been useless 
to play 38.JOi7 39 Qf 8 ! Rd 6 40 
ed Rd7 41 Qb 8 Rb7 42 Qc7! 

43 Qc 6 Kh7 44 Kc3 Kg745 
___ Kh7 46 Kd5 Kg7 47 Qc7 
Kf 6 48 c4 Kg7 49 Kc 6 Kf 6 50 
Qb7 Nb7 51 Kb7. 

After 38...Rbe7 39 Rb 6 , Ka- 
sparov could have tried 39.~Re8 
40 Qc7 R8e7 41 Qb 8 Re 8 
(41^.Nd7 42 Re 6 is hopeless few: 
Black) 42 Qa7 R8e7, but 43 Qa5 
Re5 44 Rb 8 would win for 
White. Kasparov gave up. 

StCOlAN DEFENSE 


I Bt 

2 m 

3 <M 
IN* 
5 Nc3 
III 

8 §S 

9 M 
»le 
II BM 


11 Off 
llM 

14 M 

15 Ne7 
II QM7 
17 Bc4 


cS 

30 M3 

Befi 

d* 

31 R<3 

do 

od 

23 BcS 

Ned 

MB 

■B 

SSP 

ffiS 

sues 


SB 0-04) 

ReS 

ajf 

28 RdS 

be 

M7 

27 Qe3 

Rc7 


3B QdB 

B M 

fSe 

39 M2 

am 

BM 

29 SL 

Nc3 

CM) 

31 Qffi 

M 


«8S 

Ret 

mr 

33 M . 

KB7 

ed 

M b5 
BM 

e. 

Nee 

Be3 

S?^ 8 

KB 7 

M 

NdS 

38 Kb2 

RM7 

39 fed* 

RcUgn* 


WHITE MAN’S GRAVE 
By Richard Dooling. 356 pages. 
$22. Farrar, Straus and Giroux. 

Reviewed by 
David Nicholson 

A T a certain point, someone 
once said, technology be- 
comes indistinguishable from 
magic. That promise lies behind 
Richard Dooling’s second nov- 
el, a satiric and sometimes rol- 
Iidringly funny lode at Ameri- 
can misadventures on the 
“Dark Continent" of Africa. 

As long as Dooling is attack- 
ing American greed, wasteful- 
ness and cultural insensitivity, 
his prose jangles and clangs 
with the inspired lunacy of a 
pinball machine. Writing about 
Africa, however, he is reverent- 
ly and relentlessly anthropolog- 
ical, never mind that post-colo- 
nial Africa offers its own targets 
for ridicule. 

The novel opens with a scath- 

tTfiaSkn^tcy lawyer in Inctilh 
napolis. “A middle-aged desk 
jockey and courtroom general 
who burned most of his calories 
exercising his adrenal glands," 
Randall thrives on stress and 
bullies his opponents with 
threats to “cut your (expletive] 
head off and mount it on a pike 
in the middle of your front 
lawn." When Randall learns 
that his son, Michael, a Peace 
Corps volunteer, has disap- 
peared in Sierra Leone, he im- 
mediately eafla his senator. Po- 
litical pressure and money 
spread liberally around, he 
thinks, will solve everything. 

Sol ving the mystery of Mi- 
chael's disappearance, however, 
isn’t that simple, as another naif 
is about to discover. Michael's 


best friend. Boone, in Paris ex- 
porting to meet Michael, de- 
cides to fly to Sierra Leone 
when he learns his friend is 
missing. From the moment his 
plane lands, he knows he has 
come to a world be is complete- 
ly unprepared for. 

Magic, as Boone soon finds 
out, is a way of life in Sierra 
Leone. Some kinds are just 
barely legal others puaishable 
by death. .And just about every- 
one seems to traffic in it, includ- 
ing Michael who. Boone is told, 
may havejoined a secret society 
before his disappearance and 
may be roaming “the paths at 
night in the shape of a bush 
devil hungry for the souls of the 
witchmen who killed him." 

The juxtaposition between 
science and magic is at the heart 
of “White Man's Grave," as 
when Holmes, a State Depart- 
ment official patiently explains 
to Randall that Africans "think 
the entire world is full of invisi- 
ble spirits, and these spirits live 
right there with them on the 
land, appearing to them in 
dreams and influencing every- 
thing that happens in the village 
. . . they don’t realize that ev- 
erything is actually made up of 
molecules, consisting of elec- 
trons, muons, and neutrinos in 
orbit around atomic nuclei, to- 
gether with protons, neutrons, 
pi mesons, mesons, baiyons. 
kaons, and hadrons. . . . Does 
that sound like witchcraft? No. 
praise God. That's quantum 
mechanics, and solid enough to 
build a house on." 

Something similar occurs 
when Si say, an American who 
has gone native, advises Boone 
lo consult a looking-around 
man. “It's not fortune telling." 


Sisay says. “Think of it as pro- 
tection. It’s like insurance.” 

Parts of "White Man’s Grave" 
are funny enough to leave you 
rolling on the floor. The novel 
doesn’t fulfil] its satiric promise, 
however, perhaps because Dool- 
ing seems tom between trying lo 
decide whether he wants to be 
Evelyn Waugh or Alice Walker 
when he grows up. 

Thus, while there’s a devastat- 
ing portrait of a female Peace 
Corps volunteer who is “into 
mulliculturalism and hates dead 


white males, because they have 
been enslaving and debasing 
women for centuries,” the Afri- 
cans in this novel are, for the 
most part, noble savages. “White 
Man's Grave" is a funny book. It 
would have been funnier if 
Dooling had turned his jaun- 
diced eye on the Sierra Leoneans 
and showed us the foibles and 
inconsistencies that undoubted- 
ly lie at the heart of their culture. 


WHAT THEY'RE READING 


David Nicholson regularly re- 
views books for The Washington 
PosL 


• Andr 6 s Vicente Gdmez, 
producer of the film “Belle 
Epoque,” is reading, "The Ce- 
lestine Prophecy" by James 
Redfield. 

"1 read a lot of books but 
unfortunately. I’m always 
thinking about possible adapta- 
tions for film. If The Celestine 
Prophecy' could be adapted for 
screen, the rights probably al- 
ready have been bought by 
someone in the United States.” 

(At Goodman, IHT) 



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Page 6 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, JUNE 28, 1994 


Confusion Perils Rescue Effort 

^oth Sides in Rwanda See the French as Allies 


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® y Raymond Bonner 

— fI 1P SHISHI ’ Rwanda 
na „?^ *« women!, the French 
seemed like sav- 
iora io the 3,000 Tutsi men, 
women and children sluing 
w <anlym the taU grass. 

in their combat fatigues, red 
wrets, and sunglasses, and with 
their assault rifles at the ready, 
‘fie paratroopers alertly 
aanoed the hills for signs of 
danger as the crowd listened 
mtently to a priest's sermon at 
Sunday Mass. 

These men, women and chil- 
dren are desperate for solace. 
Lmng as refugees under plastic 
welters in this camp near the 
Zairian border, they are survi- 
vors of a vicious civil war that 
has pitted the Hutu e thni c ma- 
jority ag ains t the Tutsi minority 
and left hundreds of thousands 
dead. 

The French are seen as rescu- 
ers by the Hutu as well as by 
most of the minority Tutsi. 

But the euphoria generated 
by the troops’ arrival last week 
on a short-term mission to pro- 
tect threatened Rwandans may 
be ephemeral, and even contain 
the seeds of future difficulties 
here for France. The French are 
fi nd in g that Rwandans have 
their own ideas on what the 
paratroopers should do. 

The French have said em- 
phatically that theirs is a mis- 
sion of mercy, not a military 
campaign, and that they will 
leave by July 31. But that is not 
what the Tutsi refugees want 

“We want them to stay for a 
long tune, because if they leave 
we will be killed," said Francis 
Sibomana, one of 8,000 Tutsi at 
the refugee camp here. 

Mr. Sibomana has not seen 
his wife and five children since 
April 10, Mien he fled bis vil- 
lage during an attack by a Hutu 
militia. 

The attack came four days 
after a plane carrying President 
Juvtoal Habyarimana, a Hutu, 
crashed near the capital The 
crash unleashed a wave of anger 
that quickly led to attacks by 
Hutu extremists against the 
Tutsi and against Hutu suspect- 
ed of moderate political views. 

The Hutu in Cyangugu, a 
commercial and administrative 
town just northeast of here, 
have also welcomed the para- 
troopers, pan of a French de- 
ployment of up to 2,500 uoops. 

But rather than protect Tutsi 
refugees, those Hutu assert, the 
French should be fighting with 
them against the Tutsi-domi- 
nated Rwandan Patriotic 
Front, the rebel group that has 
seized control of two-thirds of 
the country. 


SPLIT: 

Rush to Riches 

Continued from Page 1 

the Cultural Revolution of 1966 
to 1976 began divorcing. 

“During tiie Cultural Revo- 
lution, marriage wasn't like it is 
today," said a Beijing journalist 
who divorced in 1982. “It 
wasn’t about feelings. It was 
about loneliness and survival.” 
She and her husband had mar- 
ried in 1975 while both their 
families were under attack be- 
cause they were intellectuals. 

Zhang Youlin, the author of 
“How to Divorce,” said he 
hoped the book would make 
divorce procedures more acces- 
sible to ordinary people. As a 
judge and legal analyst at the 
Beijing High People’s Court un- 
til 1992, he said he learned how 
little people know about the 
l&W a 

“This book is very serious,” 
Mr. Zhang said. “It helps peo- 
ple understand how to use the 
law to take care of themselves.” 


«. yy. 


“We are very, very glad that 
the French are here.” said a 
Hutu man in Cyangugu, which 
lies at the southern tip of pictur- 
esque Lake Kivu. “The RPF 
wants to kill all of us.” 

The last time the French sent 
paratroopers to Rwanda, in 
1990, it was to prop up a Hutu- 
dominated government in the 
face of attacks by the rebel 
front. 

It is this history that makes 
many Hutu confident that the 
French will help them. “We will 
ask the French soldiers to fight 
with us against the RPF, to 
push them back into Uganda,” 
said Jean Katanga, a 48-year- 
old weaver in Cyangugu. 

He expressed a similar senti- 
ment about the Tutsi people as 
a whole. “They are a minority, 
and they have "to know they are 
a minority." he said of the 
Tutsi, who make up approxi- 
mately 10 percent of the popu- 
lation in tins densely populated 
country of 7 million. 

Such animosity is reflected in 
a French-language flyer posted 
on the faded yellow wall of the 
immigration post at Cyangugu. 
“The Tutsi are out to extermi- 
nate us,” it begins. “We know 
you are a race of vipers," it said, 
“drinkers of Bantu blood.” 

Virtually no Tutsi live in 
Cyangugu any more, since all 
have been killed or have fled. 

Although the Hutu and Tutsi 
speak the same language and 
the same culture, tensions be- 
tween the groups have persisted 
since the days of Belgian colo- 
nial rule, when Tutsi were often 
employed as administrators. 

Still, most of Rwanda's Hutu 
and Tutsi have lived together in 
relative peace. Many villagers 
interviewed at the refugee camp 


after the mass said they had 
never known who was a Tutsi 
and who a Hutu. 

But views like those of Mr. 
Katanga are easily found in^ 
Cyangugu, reflecting the effec- 
tiveness of the propaganda that 
leaders of Hutu extremists have 
used to whip up hatred and in- 
sure that the Hutu hang on to 
political control. 

When it was announced that 
the French were coming, a 
Hutu radio station broadcast 
that the troops were coming to 
help the Hutu kill the Tutsi, 
refugees at the camp here said. 

But the arrival of 50 French 
paratroopers, who are garri- 
soned oa a hilltop overlooking 
the refugee camp, rapidly dis- 
pelled fears. 

“Before they came we were 
always afraid," Mr. Sibomana 
said. “We didn't sleep at night 
fearing the militia would come 
and kill us.” At least three times 
in recent weeks. Hum militia- 
men entered the camp and 
seized men, took them out and 
killed them nearby, the refugees 
said. 

The refugee camp here was 
set up here at the end of April, 
when about 3,300 Tutsi were 
moved from the sports stadium 
in Cyangugu. There are now 
8,000 Tutsi in the camp, many 
of them children suffering from 
severe malnutrition. They are 
ministered to the International 
Committee of the Red Cross, 
the only relief organization that 
is still working in this danger- 
ous region. 

“Now, if any militia tried to 
enter the refugee camp, we will 
kill them; it is very clear." said 
Lieutenant Colonel Andre Col- 
in, commander of the French 
paratrooper unit guarding the 
camp. 



Seoul Paper 

Says U.S. 

Has a Deal 

For 


... Jean-Marc Bo»qn/The Aai o ciarrd Pna» 

A Rwandan Army officer buying a French flag from a boy in Gikongoro before the arrival Monday of French forces. 


French Troops Penetrate Farther Into Rwanda 


Return 

GrKONGORO, Rwanda — French 
troops on Monday penetrated deep into 
central Rwanda, where a quarter of a 
million Hutu fleeing the Tutsi-dominat- 
ed Rwanda Patriotic Front wait desper- 
ately for aid. 

Hundreds of villagers cheered as a 
French patrol drove into Gikongoro. 20 
kilometers (12 miles) west of the battle- 
front. It was the first time the French had 
ventured that far east. 

So far the French, who are billing their 


intervention as purely humanitarian, 
have found a only a relatively small num- 
ber of refugees to rescue in western 
Rwanda. 

In Cyangugu, the mass flight of terri- 
fied Tutsi and a series of massacres have 
left only 8,000 Tutsi in need of aid. 

The situation at Gikongoro is differ- 
ent. While few of the original 55,000 
Tutsi remain, the district now holds up to 
250,000 displaced Hutu fleeing the rebel 
advance. 

The poorest district in Rwanda, Gi- 
kongoro is ill-equipped to cope with the 


influx because most aid organizations 
fled when the- war brrike but. in early 
April and the displaced are relying on 
the charity of the local population, al- 
ready short of food after last' yea's 
drought . • • ‘ „■ 

At Cyaxnka^ a. village on the outskirts, 
of Gikongoro, 30,000 Hutu are camping 
next to the cemetery in mak eshift shel- 
ters made from . branches and leaves. 
Most of them have seen no actual fight- 
ing because they fled as the rebels 'ap- 
proached, convinced they would be 
killed. ' - 


YEN: Currency Marches On to a New High Amid Political Maneuvering DOLLAR: PoIlCC Cllll) 

Protesters 
In Jakarta 


Continued from Page 1 

meat; any Japanese industry dependent on 
the import of ever-cheaper raw materials 
from America was not entirely unhappy. 

But so closely linked were the yen and 
politics that on Monday afternoon the 
chief government spokesman. Hiroshi Ku- 
Tna gjM, who bad served as chief cabinet 
secretary in Mr. Hata’s coalition govern- 
ment, abandoned all the usual cautions 
about discussing exchange rates and used 
the threat of further yen appreciation to 
try to manipulate events. 

Mr. Kumagai was trying to head off an 
alliance between the Liberal Democrats, 
who were removed from power last year 
after 38 years, and the Social Democrats, 
the party that defected from the coalition 
and ultimately forced Mr. Hata to resign. 

Traditionally, the Socialists have been 
viewed as a threat to Japan’s stability, 
because of their opposition to the 34-year- 
old security pact between Tokyo and 
Washington, their sympathies for North 
Korea and calls for protected markets. 

“If the LDP and the SDP are allied, it 
would rise to 80 yen” to the dollar. Mr. 
Kumagai said. 

In fact, that alliance may yet happen, 
but a meeting on Monday between Yohei 
Kono, the president of the Liberal Demo- 
crats, and Tomiichi Murayama, the head 
of the Socialists, was inconclusive. Howev- 
er, given the ideological differences be- 
tween them, no one could imagine any 


alliance between the two parties lasting for 
very long. 

Meanwhile, Mr. Hata and his closest 
ally, Ichiro Ozawa, were working furiously 
behind the scenes to get more Liberal 
Democrats and Socialists to defect There 
was talk of a solution on Tuesday, but few 
believe it 

If the connections between politics and 
exchange rates seem hard to fathom at 
times, it is worth remembering that the 

g olilical imperatives on one side of the 
acific look pretty remote on the other. 
From the start of the yen’s recent rise, 
American analysts have said that investors 
were expressing their lack of confidence in 
the Clinton administration, in everything 
from foreign affaire to currency policy. 
Presumably, those sentiments have been 
driving the American markets. 

It is an interesting argument, but it nev- 
er dealt with the mirror issue: Why would 
anyone have more confidence in Japan's 
government? As one senior Japanese exec- 
utive put it Monday afternoon: “At least 
in Washington everyone knows who the 
president is, and what party he belongs 
to.” 

Some say that the political upheavals in 
Japan should make have no impact on 
exchange rales; after all, Japan is run by 
the bureaucrats. But by the time the Group 
of Seven industrialized nations meet two 
weeks from now in Naples, Japan will have 
to find something to say about how it will 
stimulate domestic demand and how 
speedily it will move to deregulate its econ- 


omy. Both of those are political decisions, 
and no politician wants to make them. 

There are other inconsistencies in the 
theories about how political stability plays 
into the yen’s strength. Four years ago. 
when the yen was also rising steadily, ana- 
lysts said that the combination of Japan's 
growth prospects at a time of recession in 
America and its stable government created 
a natural environment for investing in the 
currency. 

Now the reverse is being argued: The 
lade of growth in Japan and the instability 
of its government are combining to keep 
the trade gap open. Either way. the yen 
goes up. 

The next bit of logic — that a higher yen 
will automatically lead to more American 
imports to Japan — is not necessarily the 
case. Some items are cheaper. American- 
made cars and Compaq computers, for 
example. But the stronger yen has also led 
to a surge in imports from China, South 
East Asia and India, and the result can be 
seen on Tokyo’s streets. There are a lot 
more discount goods now available, in- 
cluding some at “100 yen stores,” where 
much is sold for 100 yen, now exactly SI. 
Little of it is made in America. 

The Clinton administration’s other hope 
— to gel more American companies to 
invest in Japan and thus penetrate its mar- 
ket from within — is already being under- 
cut. Even at a time of falling property 
prices in Japan, the costs now, in the new 
era of 100 yen to one dollar, seem even 
more insurmountable. 


EUROPE: Germany Seems Prepared to Compromise to Get Agreement 


Continoed from Page 1 

reach a settlement because con- 
tinued deadlock would stymie 
Germany’s six-month steward- 
ship of the Union, which begins 
Friday, officials said. 

At the same time, Mr. Major 
used up significant capital in 
vetoing Mr. Dehaene and will 
face heavy pressure to endorse 
Bonn’s next offering, they add- 
ed. 


“The assessment is that Ma- 
jor is in a weak position." a 
commission official said. “He 
can’t veto systematically." 

Aside from the outcome of 
the presidency, the dispute left 
Mr. Major more isolated than 
ever in Europe and made it very 
likely that the 1996 conference 
to reform the Union would 
leave Britain in the slow lane of 
a multispeed Union, officials 
said. 


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SEVEN DAYS THAT CHANGED 
THE WORLD: 5-11 JUNE, 1944 

To commemorate these dramatic days, we have 
reproduced the seven front pages from tha New York Herald 
Tribune which chronicled the events of D-Day and the first week 
of the rebirth of fiberty on the European continent 

You can purchase a set of these full-size reproductions 
and follow the excitement successes and setbacks as the 
troops established beachheads across a 75-mile stretch of the 
Normandy coast. 

Printed on glossy paper, these reprints, which measure 
46 x 61 ems (18.5x24 in.) each, can be framed or used as 
posters. Please use the coupon betaw to order. 

Return your order to: International Herald Tribune Offers 

37 Lambton Road, London SW20 OLW. England 
Or fax to: (44 81) 944 8243. 

Please serti me sets of the seven New York _ 

Herald Tribune Normandy Landaig historic front pages -June 5- dates in Paris on Monday at the Coatinaed 1 mo Page i 


“Britain is an island that all 
the bridges and all the tunnels 
of the world will never succeed 
in linking to the Comment,” the 
conservative French daily Le 
rtgaro said in a front-page edi- 
torial. 

“It should not have been al- 
lowed to eater the Common 
Market. It should only have 
been linked to it." 

Although the editorial 
brought up the question of 
whether Britain should be 
shown the door. Union treaties 
currently allow no provision for 
a member state to leave. 

On the presidency, all sides 
have a keen interest to avoid 
canvassing candidates publicly, 
officials said. Premature moves 
by Mr. Kohl would Invite at- 
tacks from the an ti-EU press in 
Britain, which savaged Mr. De- 
baene. 

In addition, a British en- 
dorsement would be a death 
sentence for any candidate, be- 
cause Germany and its Conti- 
nental partners do not want to 
concede victory to Mr. Major. 
Indeed. German officials have 
dismissed the prospects of Peter 
Sutherland, the GATT direc- 
tor-generaL precisely because 
he enjoys London's support 

Foreign Minister Klaus Kin- 
kel began soundings on candi- 


speaks that line in impeccable 
English. Those attributes can 
easily obscure the fact that as 
the EU industry commissioner 
in the early 1980s, Mr. Davig- 
non epitomized Mr. Majors 
loathed interventionism by or- 
ganizing a steel cartel to help 
the industry through a severe 
recession. 

Mr. Martens is a old favorite 
of Mr. Kohl's and beads the 
Christian Democratic bloc in 
the European Parliament, but 
as one of the more prominent 
and long-standing backers of 
EU integration, be would be 
more of a provocation to the 
British, officials said. 

Other possible candidates 
mentioned included Philippe 
Maystadt, the Belgian finance 
minister, and even Foreign 
Minister Willy Claes, although 
his Socialist credentials are be- 
lieved to make him unlikely. 
Among the Dutch, a Lubbers 
revival is discounted but insid- 
ers have mentioned Frans An- 
driesseos, the former EU trade 
commissioner, and Hans van 
dea Brock, currently foreign af- 
fairs commissioner. 


Who Suffers? 

Continued from Page 1 
tougher for European and Japa- 
nese companies exporting their 
more expensive goods to the 
United States. And it certainly 
makes those slimmer vacations 
more expensive for American 
tourists abroad. 

But several economists, in in- 
terviews Monday, dismissed the 
view that the red would fed 
obliged to raise short-term in- 
terest rates again soon because 
of fears that a weak dollar may 
feed U-S- inflation. 

William Brown, J. P. Mor- 
gan’s chief economist, takes the 
view that with an economy 
three years into recovery and 
just hitting full employment, 
the weak dollar could well bring 
with it significant rid: of up- 
ward pressure on inflation. But 
he is in a minority. 

“The whole inflation fear is 
overblown,” according to Mi- 
chael Tracy, a financial adviser 
at Merrill Lynch in New York. 
“And the weak dollar need not 
be a major concern for either 
the Fed or the Clinton adminis- 
tration.” 

Carl Wdnbeig. chief econo- 
mist at High Frequency Eco- 
nomics in New York, acknowl- 
edges that a weak dollar raises 
the price an imported goods in 
the United States and can tints 
bring with it some inflation. Bui 
he argues, as did Professor Paul 
Krugman, writing Sunday in 
The New York Times, that the 
dollar is actually quite strong 
against America’s main trading 
partners, Canada and Mexico. • 

“Since March the dollar is 
down by 7 percent against the 
mark and 6 percent against the 
yen.” said Mr. Weinberg. “But 
we are op by 4 percent on the 
Canadian dollar. And imports 
from Canada total more than 
Europe and Japan pul togeth- 
er." 

In other words, the dollar's 
trade-weighted exchange rate, 
as measured against the curren- 
cies of its biggest trading part- 
ners, is not very worrying at alL 

As is usually the case in fi- 
nancial markets, the reason to 
worry is based on perception 
about future trends rather than 
an immediate problem. Thus, 
higher interest rates that could 
threaten recovery could occur if 
the dollar’s weakness creates 
enough of a fear of inflation, of 
the son that has already 
plagued brad markets, to cause 
more capital flows to rush out 
of America. 


through 11 , 1944 - at U.K.E18 (USS25) per set. plus postage 
per set Europe £2.30; rest of world £4.1 0. 28-4-94 

Please allow 3 to 4 weeks for delivery. 

NAME 

nrtBL’Xr LETTERS] ' 

ADDRESS 


GTY/CODE/COUNTRY 


Payment *s by credit card only. All majer cards accepted. 

Please charge my Q u:cess □ Diners G Ma?s0r2 

G Amec G Eurocard l_! Visa 

CARD N 9 FXP. 


SIGNATURE 


HcralbSfc.Sribunc 


start of a tour of capitals that 
: will take him io London on 
; Thursday. 

Speculation focused mainl y 
or. Belgian or perhaps Dutch 
’ candidates to ease some of the 

■ humiliation that Mr. Dehaene 
; and Prime Minister Ruud Lub- 
: oers of the Netherlands suf- 
1 fered at Corfu, officials said. 

The most intriguing candi- 
j date is Mr. Dnvignon, president 
: of Societe Generale de Belgique 
and a longtime fixture on the 
i European scene. 

Mr. Davignon combines per- 
. sooal charm with political cun- 
ning, takes a pro-business 

■ stance as bead of Belgium's big- 
1 gest company and. best of ah. 


COFFEE: Soaring Prices 

years of low prices, an amount 
equal to nearly 20 percent of 
total annual world consump- 
tion. 

Analysts said they were not 
sure how much the recent rises 


io the producing countries. Mr. 
Eagles insisted that the talk of a 
shortage may be “overdone." 
He noted thaL Brazil had an- 
nounced plans to sell selling off 
its 17-miilion-bag stockpile of 
coffee accumulated in the lean 


The Associated Prta 

JAKARTA — RioL police 
and soldiers Monday broke up 
a peaceful demonstration by 
journalists, artists and students 
a gainst the government's ban 
on three publications: 

As about 150 protesters 
marched toward the Depart- 
ment of : Information, troops, 
moved in, beating some with 
rattan rods. Some of the pro- 
testers suffered broken legs and 
one person was bleeding from a 
head wound. There was no im- 
mediate word on the total num- 
ber of injuries. 

About 40 protesters were ar- 
rested, including Reodra, a' 
well-known poet and essayist 

The protests against the do- 
sure of two weekly magazines 
and a tabloid newspaper have 
been gone on for a wool Dem- 
onstrators have accused the 
government of reversing moves 
toward greater democracy. 

In contrast to three previous 
demonstrations, police and sol- 
diers appeared to be under or- 
ders to stop the protest and dis- 
courage future demonstrations. 

Carrying banners denounc- 
ing the ban,' the protesters had 
marched down a main thor- 
oughfare toward the Depart- 
ment of Information when 
troops attacked. 

Brigadier General Wiranto, 
chief of staff of the Jakarta mili- 
tary command, accused the 
protesters of disturbing peace 
and order arid canting tr affic 
jams. , 

“If you do not want to be 
arrested, then you should not ‘ 
join the protest, or even better 
don’t cover it,” General Wir- 
anto told journalists. He said 
those arrested would be tried. 

On June 21, the government 
revoked the publishing licenses 
of Tempo, the magazine Editor 
and the weekly Detik on 
grounds their reports were dis- 
turbing national stability 
pitting government offici 
against each other. 

The ban appeared to be' a 
direct order of President Su- 
harto, who had warned previ- 
ously that strong measures 
would be taken against any me- 
dia deemed trying to create in- 
stability in the country. 

Meanwhile, a retired general, 
Abdul Haris Nasution, the for- 
mer armed forces commander, 
criticized the ban, calling it. a 
“setback and against the 1945 
canstiwticBL”. 

“The government should riot 
confront the media but instead 
should h andl e . the problem 
carefully," he said. _ 


17 on bofre Airliner 


gSKSSSKSSS 

agrees'to open its nuclear pro- 
gram to" international inspec- 
tion, according to a report pub- 
lished here Monday: . 

.The offices would be tbe first 
step in a two-stage program 
that could eventually include 
formal diplomatic recognition 

arid help m arranging 

nomic assistance forJNortn Ko- 
rea, tbe nationally circulated 
newspaper Dong- A Hbo said. 

■ The new round of talks, set to 
begin. Jtdy 8 jin Geneva, will be 
open-ended, the White House 
indicated Monday. Dee Dee 
Myers, President Bin Clinton s 
spokeswoman, said of the up- 
"coming dismissions: “We're still 
working on the agenda. As tong 
as they areprodiictive we’ll con- 
tinue/’ - ■ 

! . The North . Korean press 
agency, KCNA, said in a report 
oa the Geneva .meeting, ’The 
talks are expected to discuss 
matters for ^fundamental solu- 
tion to the nuclear issue.” 

First restricted to U.S. de- 
. inands that ' United Nations 
monitors ^be allowed to verify 
tha t the North Korean nuclear 
.program is not .being used for 
weapon^ scope of the talks 
is being exparided to include 
U.S. political relations and se- 
curity on the Korean Peninsula. 

South Korean officials, 
meanwhile, prepared for a bor- 
der meeting vritii; North Korea, 
set for Tuesday to plan the first 
summit - conference ever be- 
tween their presidents. 

The North Korean delega- 
tion will be led by Kim Yong 
Sun r a longtime international 
affairs expert who is dose to 
President Kim H Sung. South 
Korean officials say that should 
augur well for the summit meet- 
ing. But they remained cautious 
about whether a summit meet- 
ing- would actually be. held, 
since all past summit proposals 
have failecL 

Both sets of talks with North 
Korea, promoted fay former 
President Jimmy Carter of the 
United States, are aimed at re- 
ducing enmity ind settling ten- 
' sions over the North’s suspect- 
ed development of nuclear 
weapons. • • • 

- The Dong- A Hbo, quoting an 
unidentified South Korean offi- 
daL said the United States 
would offer to exchange liaison 
offices with North Korea if it 
continued to freeze its nuclear 
program and allows inspec- 
tions. 

Those would indude two sus- 
pected nuclear sites at its main 
nuclear complex, it said. 

A demand by the Interna- 
tional Atomic Energy Agency 
last year to inspect the two ar- 
eas prompted North Korea to 
announce h would withdraw 
from the Nuclear Nonprolifera- 
tion Tredy- 

. It suspended that decision in 
subsequent high-level talks with 
the United States, which broke 
down in July last year. 

The North claims that in- 
spections erf the two sites, which 
it insists are nonnuclear mili- 
tary i n stal l ations, would in- 
fringe on its sovereignty. 

If North Korea complies 
with the first-stage U.S. de- 
mand, Washington will also of- 
fer to arrange economic assis- 
tance, including a light-water 
reactor to replace the North’s 
graphite-moderated reactor, the 
Dong-A Hbo article said. 

. Tbe United States is expected 
to ask South Korea and Japan 
for money to buy a light-water 
reactor, at about SI billion, for 
North Korea, the artide said. • 

Meantime, in Vienna, where 
the International Atomic Ener- 
gy Agency is based, an agency 
spokesman said two inspectors 
were on thdr way to North Ko- 
rea to take over for a pair of 
monitors who have been at the 
rite for several weeks. 

(AP, AFP, Reuters) 


Roam 


Ittubarak-Gadhafi Talks End 

Age W France- frtue 

SURT, Libya — President 
Hosni Mubarak of Egypt and 
the Libyan leader. Colonel 
Moammar Gadhafi. ended two 
rounds of talks on bilateral ties, 
the Lockerbie bombing case 
and the Yemeni conflict in this 
northern town on Monday. 


in raw coffee prices would af- Kfflftri m Abidjan G agfa 

feci the price to consumers. . -r* 

Experts at the International 
Coffee Organization said that 
the depressed price of coffee 
beaus recently had meant that 
the price accounted for less 
than a quarter of the price 
charged to tbe public for the 
finished product. It has also al- 
coffeei 


ABIDJAN, Ivory Coast — 
Seventeen people aboard an Air 
Ivoire Fokker-27 were killed 
when it crashed near Abidjan^ 
airport, state radio said Mon-, 
day.' 

The plane was about to land 
after an internal flight from the . 


lowcdcoffee roasters a long nm 
of relatively fat maig in y on western port erf. San Pedro. Air 
their products, a run that am**- Ivoire is thoWest African cduri- 
lysts predict has now. come to try's national carrier. The cause 
an abrupt end. of the crash was cot known. 


Send Box Top 

ForariOxford 

Education? 


LONDON i 
. An Oxford. Ui 
lege said on M< 
has decided to. 
after- the world 
ous cornflakes. 

Rewley Hot 
dent umverrit 
ing education 
could soon be 
Iogg College 
for charitable i 
S 12 million ovc 
cade. 

The move is 

be approved b 

of. the universi 
gation on Tues 
-■ The donor, 
Kellogg Foun 
set up in 15 
founder of the 
malriMfoin t< 
pie help thems 





jTnlT 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, JUNE 28, 1994 


Page 7 


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Everything. 

The names, of course. And that's a symbol of a fundamental 

change. Fortis was created by its parent companies - N.V. AMEV 
from the Netherlands and AG Group from Belgium - to build a strong 
international insurance and banking group. 

— r— The names of the shares. AG shares become Fortis AG shares 
and AMEV shares, Fortis AMEV. Now, investors and shareholders will 
follow Fortis AG share quotations in Brussels and Fortis AMEV share 
quotations in Amsterdam that reflect the value and success of all the 
companies within Fortis. 

A dear corporate structure. Through a better identification with 

Fortis, further confusion will be avoided with ‘‘AG 1824” in Belgium and 
“AMEV Nederland” in the Netherlands, both major insurance companies 
in their home countries. Next to these two companies, there are more than 
100 other companies on four continents sharing a vision for the future that 
will benefit clients, investors and personnel. The name of this vision? Fortis. 


And nothing. 

Each Fortis company remains the same. They retain their 

own identity, their own products and services. In every country, their 
individual brand names and logos will maintain a strong presence 
on the market as they continue to build their reputation for excellence. 

— Our service remains the same. Brokers and other professionals 

will continue to work with local Fortis companies whose quality 
products and services they have come to rely on. Clients will perceive 
no change whatsoever in their individual accounts or policies: whe- 
ther they are with AG 1824, AMEV Nederland, VSB Bank, ASLK- 
CGER. Fortis in the United States or any other company of the group. 

The challenge remains the same. Now, more than ever, 

each company within Fortis will continue to strive to play a leading 
role in its own market. And the 32,000 people worldwide who take on 
that challenge every day at local level, will know that they are part of 
a wider, international family. Its name? Fortis. 



(fortis ft G 


Boulevard Emile Jacqroain 53, 
1000 Brussels, Belgium. 


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ArehimeJesInun 1(1. 

3584 BA UlrechL. the iNelherland*. 









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A Dining Guide to Lyon: 
Haute Cuisine and Bistros 


jpfcjM ith over 800 
|| restaurants and 
[|k A iH more Michel in- 
starred chefs 
than any other city in 
France, the city deserves its 
reputation as the gastronom- 
ic capital of France, itself 
considered the gastronomic 
capital of the world. 

Everyone has heard of 
three-star chef Paul Bocuse, 
but the city and the sur- 
rounding area have plenty of 
other top-notch tables on of- 
fer. This is a .selective list, 
and prices include service 
but not wine. 

Grandes Tables'. 

Alain Chapel. Lost one 
Michelrn star after the death 
of Alain Chapel, but under 
the direction of his wife is 
still considered one of the 
best and most creative by 
the locals. A la carte: 450F- 
660F (S82-S120). 01390 
Mionnav. Teh: 78 91 82 02: 
fax: 78 91 82 37. 

Georges Blanc. Light, el- 
egant cuisine inspired by re- 


gional products. A la carte: 
50GF-670F. 01540 Vonnas. 
Tel.: 74 50 00 10: fax: 74 50 
08 80. 

Jean Brouilly. Situated in 
a private home in a large 
park and known for excel- 
lent quality at reasonable 
prices. A la carte: 220F- 
340F. 3 ter, rue de Paris, 
69170 Tarare. Tel.: 74 63 24 
56; fax: 74 05 05 48. 

Leon de Lyon. Classic 
Lyonnais cooking as well as 
more modem fare. Fixed- 
price lunch menu: 250F; a la 
cane: 37QF-50QF. I. rue 
Pleney, 69001 Lyon. Teh: 
78 28 1 1 33; fax: 78 39 89 
05. 

Orsf. Renowned for its 
decor and elegance. Fixed- 
price lunch menu: 240F: a la 
cane: 400F-600F; children's 
menu: I50F. 3. place 
Kleber. 69006 Lyon. Teh: 
78 89 57 68 : fax: 72 44 93 
34. 

Paul Bocuse. Simple, 
high-quality regional food 
from the chef who knows 


how to make it Fixed-price 
lunch menu: 29(iF: a !l< 
carte: 450F-6UUF: children’ ■* 
menu: 90F. 69660 C-: J - 
longes-au-Moni-d’Or. Tii'.: 
72 27 85 85: fax: 72 27 85 
87. 

Pierre Gagnaire. Tivs 
brilliant cook is considered 
one of the best by his col- 
leagues. Fixed-price 
menu: 270F: a la carte 
500F-75OF. 7. rue Riche- 
landiere. 42000 Saim-Eii- 
enne. Teh: 77 42 30 90; fax 
77 42 30 95. 

La Tour Rose. The cre- 
ative cooking of Philippe 
Chavent, whose empire a No 
includes a hotel of the same 
name. Le Comptoir de 
Boeuf (same cuisine, lower 
prices) across the street and 
the new Restaurant des 
Muses in the Opera de Lyon. 
A fa cane: 480F-5S0F. 22. 
me de Boeuf, 6°0U5 Lvon. 
Teh: 78 37 25 Vri: fax: 78 42 
26 02 . 

Good food , low prices: 

Daniel Anceh The friend- 




r. y K • 

■■.T/? •h a".*'* 


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Gccd news for the Lyonnais: Recent studies show that good food cm be good for you as welL 


Bubble-Gum Creme Brulee 
And Other Creative Risks 


Thierry Gache is' a -If gSHM 
young chef wbo is attract- 
mg a following in Lyon hr . 
spite of the fact that His 
restaaram is hidden .away 
in a residential neighbor- 
hood far from the center of 

Although Mr. Cache. |9H||p? 
dreams of moving' Co the 
Lub&on with his family Hf r ^ 

and opening a simple table 
d'hote where he would 
serve meals only on week- 
ends, this fantasy of idle- iPpL. ^4 
ness is belied by die enor- 
mous energy he throws into his work. His 
restaurant is closed only on Sunday 
evenings, and be often stays up all night 
working on “La Feuiiie de Chow,** a bi- 
monthly newsletter he creates on his per- 


i\. new restaurant 

.i ! ' one l i Lyon's up-and- 
. ■!]. (:•: chefs, v. ho cooked 
j; Lc Pii-oage for eight 
A la carte: 150F- 
2(‘f.iF. I. rue Villeneuve, 
•AV.4 Lyon. Tch: 72 00 01 

5 <i; fax: 72 ? .'.i 00 20 . 

iA- ' ivarais. Highly rec- 
• »it ii'.c loie-J by the natives 
:‘»>r traditional dishes 
treated in a modern way. 
Fixed-price menus: 100F- 
1 55r. 1. place Gailleton. 
n^Oi.C Lx on. Tel.: 7S 37 85 
o: fax: 78 37 59 49. 

2.i* 3:>uievardier. This 
roHief.irig jazz club/restau- 
ram v. ith live music and rea- 
sonably priced food attracts 
L;.on roiJcm.s young and 


old. all of whom have a 
great time ai the former “Hot 
Club.” 5. rue de la Fro- 
maeerie, 69001 Lvon. Tel.: 
78 28 48 22: fax: 78 27 06 
09. 

La Meuniere. One of the 
few remaining authentic 
bouchons in Lyon, this 
small, unpretentious resrau- 
rant serves traditional spe- 
cialties like tablier de 
sapettr, gras double and 
tvnvi/e de canui. 85F-140F. 
1 1. rue Neuve. 69001 Lvon. 
Teh: 7S 28 62 91. 

Chez Sylvain. Another 
houchon. where chef Syl- 
vain marries tradition with 
creativity in such dishes as 
escalope an Suint-Slarcellin 




\€t 

V 






City Makes Name for Itself 
In International Dance 


h?:: P- 


rhem in the mountains. and the goat 
cheese is made using traditional method* 
by an aging hippie from the Ardeche. 

A quick sampling of Mr. Gache' x in- 
ventive delights: sea trout marinated in 


U 

.rN 2 jl 

r;%r* i 

£$§ pi 

iii^r S? 


sonal computer far his customers (the fennel, served with a fresh-pasta salat- 
proceeds go to charity): In addition. he flavored with wild spinach; pork filet 


has two new restaurant projects on the 
burner, details of which he is not yef 
ready to reveaL 

In the meantime, his restaurant offers a 
potpourri of creative cuisnje at very rea- 
sonable prices. Fixed-price menus of 
UK 168. 208 and 258 francs ($21, $30, 
$37 and $46) offer a surprising range of 
flavors and high-quality ingredients. Sal- 
ads include wild plants delivered twice a 
week by the woman who forages for 


mtgnon cooked in a sauce flavored with 
two types of olives and served with a 
fricassee of Granny apples: and, for 
dessert, three crime brulees. each with a 
different/ra/Jm one of which h bubble- 
gum-flavored syrup, proof of Mr. 
Gache’ s adventurous spirit. 

Restaurant Thieny Cache. 3 ". rue d> ia 
Thibaudfere, 69007 Lyon. Tel.: 78 12 St 
77; fax: 78 72CU75. 

H.E, 


■-■v—. r , on j s making a name for 

■ ; : itself as a center for international 

'* dance. It is home to the Lyon 
Opera 3allet. whose resident 
c:j.'-rc' 'grapher is American Bill T. Jones; the 
de !a Dan«e. the only theater in Eu- 
rope dcxt’ied exclurixely to dance: and ihe 
Biennale 2e »u Danse. With these assets, the 
city ha* i!.e where* iihal and the apprecia- 
tive :«udiencc*. needed to attract the most il- 
!iKiri«*us nuine.> in the Held. 

In the ; 993-94 season, the Maison de la 
vai. e. which moved into the 1 . 100 -seat 
Tiioa'.a- cu Se in 1992. saw its audiences 
grow r»\ more than li*> percent over the pre- 
•. ious seavon. «* * a total of 93.<HX>. The 1994- 
95 ncusor. to begin in September, will wel- 
von*.* of the areas of the dance world, 
including Ahm Alley’s American Dance 
Theater. Sill T. Jo no** and the Amie Zane 
Dance Company, the Dunce Theater of 
Harlem. Vlcrce Cunningham. Christina 
H"}i x. r.oLmc Petit. William Forsythe, and 
rn.rrx '-th-r*-. :n addition, special evenings 
will feature French chanieuse Regine. the 
:k opera .Siurainniu. an Argentinian tango 


tne Alv in Alley Amencan uance Company, 
Les Ballets Africains, Ron Brown Evidence, 


the Dance Theater of Harlem, the African 
Jazz Pioneers, Grupo Corpo. Sandra Reaves 
and more. The festival is organized by Guy 
Darmet. who is also artistic director of the 
Maison de la Danse. 

Maison de la Danse. 8 . avenue Jean Mer- 
moz. 69008 Lvon. Tel.: 78 75 88 88 ; fax: 78 
75 55 66 . 

Lvon Opera Ballet. Opera de Lyon, Place 
de fa Comedie. 69001 Lyon. Tel.: 72 00 45 
45: fax: 72 00 45 46. 

Biennale de la Danse. Maison de Lyon, 
Place Bellecour. 69002 Lyon. Tel.: 72 41 00 
00: fax: 78 38 28 92. BLE. 


Visiting Lyon: Cathedrals. Textile Looms and Bacchus 


0 yon is a city whose rich history can still be seen 
in its streets, but perhaps the best way to begin a 
visit is to get a bird’s-eye view of the city from 
its dominating features, the Fourviere and Croix- 
Rousse hills. 

Fourviere is the site of the Basilique Notre-Dame de 
Fourviere. Lyon’s version of Paris’s Sacre-Coeur, and just as 
controversial for its 19th-century birthday-cake architecture. 
But from its hilltop, the panoramic view of the city built at 
the conjunction of the Rh 6 ne and Saone Rivers helps to ori- 
ent the visitor and. on a dear day, provides a glimpse of the 
Alps in the distance. 

While there, a visit to the Mus£e de la Civilisation Gallo- 
Romaine. discreetly built into the hillside that is also the site 
of a partially restored Roman theater still used for perfor- 
mances today, is a must. The museum houses many finds 
from Lyon's past as the Roman capital of Gaul. The well- 
preserved mosaics, like the one of a drunken Bacchus, are 
espedally notable. 


The Croix-Rousse became the home >'.f dw silk workers 
after the French Revolution and owes its architectural pecu- 
liarities to their presence: Ceilings are higher and windows 
larger to accommodate and provide light tor their looms, and 
the streets are connected by tralwulcs. narrow corridors that 
made life easier for the textile porters. At the Musee des 
Canuts at 10. rue dTvrv. visitors can see a hand-operated 
Jacquard loom and other types of weaving in action, as well 
as a fabric exhibition. 

Back in the center of town, the Yieux-Lvon area consists 
of three 15th- and 16th-cenlun- “ullages": Saint-Georges, 
Saint-Jean and Saim-Puul. Especially in Saint-Jean, many of 
the Renaissance buildings have been beautifully restored, 
and some traboules and courtyards are open to the public. 
The Romanesque Saint-Jean Cathedral, begun in the I2lh 
century, is located here, and this charming area is full of 
caf& and restaurants. 

It was also the birthplace of the Guignol puppets, and the 
Theatre de Guignol puts on marionette performances in ver- 


sions for both children and adults at 2, rue Louis Carrand 
del.: 78 28 92 57). 

A walk along the quais of the Presqu'He offers a fine view 
of the spruced^up buildings on the banks of the rivers. They 
have now shed their coats of grime and are painted in pastel 
hues: greens and blues on the Rhone side and shades of pink 
on the Saone side. 

This isjusi a bare sampling of the touristic riches of Lyon. 
The multilingual Guide Touristique de Rhone et Lyon offers 
an excellent historical overview and detailed walking tours 
of the city, plus color photos. It is available for 49 francs at 
the Office de Tourisme at the Pont Bonaparte entrance to the 
funicular in Lyon’s Fifth arrondissement (tel.: 78 42 25 75: 
fax: 42 40 98 96) or in the Place Bellecour. The tourist bu- 
reau also offers a wide variety of guided tours of the city. 

Perhaps the most romantic way to get around Lyon is by 
water taxi. For a list of taxi stands, contact Les Bateaux 
Taxis. 16, quai Rambaud, 69002 Lyon. Tel.: 72 40 25 35; 


fax: 72 41 08 IS. 



PapttaT.OF 


national Lyon- 
nais cuisine is. 

very particular ’’*«W£»3£S 

and perhaps not 

“tb die taste of everyone in a . rem(^cd, cm^K 
health-conscious worW-tbat 
jg steering away from meat tard. omot^J^ 
^“foods'. Tme'gas- 
tronomes scorn such-con- 
cans, however, and JEK® 

eating what is good, which. 
often-proves to be good .for 
««,, aa twvmt studies ■■ .feniins served nr a 







and gratm de macaronis aux 
grattons. 85F-95F. 4, rue 
Tupin. 69002 Lyon. Tel.: 78 
42 1198. 

Libations: 

Bidon 5. One of the few 
traditional cafiSs on the 
touristy Rue Merci&re» 
where the motherly Madams 
Camille serves a delicious 
white M§con or a bubbly. 
Montagnieu. 44, rue Mer- 
riere, 69002 Lyon. Tel.: 78 
422169. 

Le Vertu Bleu. Night-owl 
journalists and fashion de- 
signers frequent this am- 
biance-filled bar, which also 
serves simple meals. Rue 
Mercians, 69002 Lyon. 

HE. 


MXSF'&Z 


and stickio the L^ 
range of C6tes ifey. 
Where to sh* 

sauciSsbn f 
grattons'. A~ r 
cons (praline can^" 
with alinoad p 
where the -graff J 

{ CharcuterieSit 
Hailes 4e fLybrfl 




fl I f 5 x 


company and the classical Indian dancer 
Madhavi Mudgal. The Maison de la Danse 
houses a videoiheque and has a program of 
dance films and musicals as well as dance 
performances for young people. 

The theme of the sixth Biennale de la 
Danse, to take place this year in various 
venues in the Rhdne-Aipes region from 
Sept. 13 to 29. will be “Mama Africa: From 
Africa to Harlem." Performers will include 
the Ah in Ailev American Dance Company, 


you as wen, as recent studies 
or low heart-disease rates m OT tomato sarafc, 
areas of France that con- ^agnem W* 
sume large amounts of foie . aid liver . m 
gras have shown. . ^ 

Here is a sampling of- chopped pig^^ 
some of the delicacies to be head. 

savored in Lyon; . pike dura pltg ^^^^y; 

Appetizers. Rosette and se^ed raaam 
Jisus: two types of pork Wine. MostLy 

sausage; the latter is so up tor_nos« 

named because it is swad- tionally ’pogulgv; 
died in its wrapping. Grot- and stick^o tne * 
ions', pork cracklings — rare- range of Gotes w 
fill, they are addictive.. . . Where to sao 
First courses. .Cervelos saucisson f 
truffe '■ pistachd : a pork grattons, 3 -- - , : .. A ™ 
sausage stuffed witfr truffles cons (praline canity, 
and pistachios. Sauefss6fi.de ■_ with alrnond -|> 

Lyon sec: a sausage raade -where the gi^M. 
with beef and pork rat; when .•• Charcot erie S^: 
sliced,. it diomd loc*; -fike a' Halles de ityoh l 
mosaic: Tete de vedac boned ^ Lafayette, 69003 
caJPs, head ’ aha tongue : . 78.6236 281. &*Ss£ !r 
cooked in court-bou!BQn m 2 d^ ■ For ^regional 
served with vinaigrette bf-. - duding Saint- Mf 
ravigote Coil and vinegar ! 

dressing made with htirtlT- ( cenel&de:camdi^^g^ 
boiled eggs, shallots^and Vblaec With 
herb). Titme griUejc cav/'i FrQmages.-L^~ 
udder -cooked with: garlic, de Lytm s 

parsley and lemon pc vine- -- will 1 

gar. Amourettes : beefmar- nte. 
row cooked in lemon or Fbr cbocoIate^Bernachcs? 
vinegar. ; Oc>cotoVr''^4^i r odurs 

Main courses. Melettes or Franl^-JIoljsi^^ 
frivol ites: lamb testicles : Lyon^.TeLr.7^24i^7 98i^ - 
cooked in white wine, or.^.whe^'ril^oopp^h^i&^ppri 
lemon. Ris de^veau: toihly ^ joasterfdi^sit^^^a^^ed' 
sliced calf -sweetbreads, by many^ tite’ 

Tablier de sapeur (named in . 

honor of the Margchal de ^ CXrtdcK^jnmk^ ate^ato 
Castellane, governor' of - herd ev^ moriufig^^kt^^^: 
Lyon under NapoI6onTf0: Monday 
tripes marinated in white : Antoinei^^ 
wine and mustard, breaded <lis 
and fried; served with a .. 

vinaigrette made • with • xn^icet, iiy ’SMc&HiSaLV ^ 
chopped boiled eggs, pick- A : M. r l 2 :30 P:M -aiid S ' 
les. capers and herbs. Tripes PJA.-7 and Sti xr...? ^ 5 

4 -. Ia lyostnaise^ 

“sweated” in ari oven, then 1 '-; > •• ■: 4 ..,.:^ 

Cultural Capital; : 




•3- 

•3t. 


* 


it 


beahsare: 


vinaigrette made. > with 
chopped boiled eggs, pick- 
les. capers and herbs. Tripes 
Aria lyonnaisei- X^ipes, 
“sweated” in ah oven, trten 


Op6ra de Lyon 



he Qp€ra de . the l994^9S season include-;. 
Lyon is now af- Berlioz’s "Thd Damnanon 
fectionately re- - of : Fait s t\ - ' ttfcMw);-'?- 
fened to by the MozarTs -TbeMamage oTrT 
he Nouvel Opera Figaro^ (NovemberJ.^Mtis- ; 

v. 1 • :i— ..ri r-. iA. ..ji. : 


Of Ladies’ Gowns 
And the Concorde 


On View: 2,000 Years of Fabrics 


he silk industry is 
gLl U| intricately linked 
HP sfj f to the history of 
'*sa®l the city of Lyon. 
Silk manufacturing was in- 
troduced to the city early in 
the 15th century by refugees 
from the Italian civil wars 
and became the city's most 
important industry, employ- 
ing over half of the city’s 
workers from the 16th to the 
19th centuries. 

In the 18th and 19th cen- 
turies. strikes and violence 
by the weavers were harshly 
repressed by their silk-mer- 
chant employers; the lives of 
some strikers were saved by 
hiding in the traboules. the 
systems of narrow passage- 
ways connecting buildings 
in the old town. 

In the curly 19th century, 
J M. Jacquard revolution- 
ized the industry by invent- 
ing a special loom capable 
of weaving highly compli- 


cated patterns. Jacquard 
weavers became known as 
canuts, either after the can- 
nettes , or spools, on the 
loom or, in an alternative 
version, after the silk ven- 
dors who roamed the coun- 
tryside with canes bearing a 
standard advertising their 
wares. When they were too 
poor to afford the little flog, 
they were left with a came 
nue, or a naked cane. 

Today, the region's textile 
industry retains an important 
role. After heavy investment 
during the 1980s, the region 
leads in French textile 'and 
clothing production by small 
and medium-sized compa- 
nies and is second in France 
in terms of turnover. With 
1 ,600 companies and 53.000 
employees, the industry ac- 
counts for 16 percent of the 
region's industrial jobs. 

Silk for ladies' gowns and 
castle draperies is no longer 


lo recognition of the importance of 
the textile industry to the city's econ- 
omy, the Lyon Chamber of Com- 
merce and Industry founded the 
Mus£e des Tissus de Lyon in 1890. 
Today, the museum has an CAien- 

■ sive 'collection of fabric samples, 
clothing, tapestries, caipets. looms 

. and cartoons (preparatory drawings.) 

' from Lyon and other world fabric 

■ centers; the collection is open ro the 
public and receives about 100,1X10 
visitors per year. Housed in a hand- 
some hotel particulier in the center 

[ of Ly'oh. the' museum's collection 


* * . % x •• • C •' s X ' v 

covers 2,000 years of fabric history, pie. In the ne^r future, tii 
The museum also has a documents- d'lmages Textiles p ta«^ • 
fion center open to researchers and professionals the ere^WR^SFSs^r^ 
■ndu>try and fashion professionals own in-hoose ctMtpfrteafetey. 
that contains over 1 million textile banks of products nnd'desimsiV^-S^^ 
documents and a technical library of . Musde des Ussus deS^O^^'^ 
about 20.000 volumes. de ia Cbarite, 

In addition, .the high-tech Banquc .37 15.05., Gp^TB^ySaaSl^ 
d’ (mages Textiles contains over ' '5:30 RM.'The 
10,000 samples reproduced onltigh- ,7»' 37 , 97 - 
definition color computer screens, .open 

Computer searches can be made by 2 P.M.^S:36 P.M. to ? 

style, technique or era, for example, - bisforiaii &. Sod 

and detailed mforniatiop on weaving . .rssonals ;^ry 

techniques is available for each san> '• • i i : v... 


rerrea to oy tne 
natives as the Nouvel Opera 
since its thorough overhaul 
by French architect Jean 
Nouvel, most celebrated for 
his lnstitut du Monde Arabe 
building in Paris, ai a cost of 
478 million francs. 

The Nouvel creation in 
Lyon has already become an 
accepted pan of . 
the cityscape, with ||||5H 
its black cylindri- Jgf||§i 
cal dome rising 
above statues of 
eight of the muses HLJJ 
(the Muse of As- 
tronoray was 
passed over) that 
adorn the original '< ,* ■? 
19th-century S 
building, whose fa- f SP S W 
cade was pre- Hew ope, 
served. That is not stage ins 
to say that it is uni- 
versally loved by the locals, 
however. Its plain, all-black 
interiors, relieved only by 
the baroque interior of the 
bar area, the sole room that 
was kept from the old build- 
ing, tend to have a depress- 
ing effect on visitors. Mr. 


"MadanwButt^^ 

ary), plus an arnbitious'pro- \ 


S of concerts .and recitals 
ring su(±_JixtnuiaiK^ as 


Kent Nagano (musical direct r,, 
tor of the Lyon. operaX^Sir ■; 


New opera house hxMses attefidoo^b^^ 
stage Instead otthemnStorium. ^ ' i ; 


Neville Marriner; Itzhak. ;/ 
Perlman and BtebarOfek^.V'.' 1 
dricks. ; .--j-.'v- C ,C‘. : J 3 ;: 


home to the Lyqn Opefa 
Ballet, ^hose; upCommg 
program includes collabora- 
tions with AngelinPreljocaj, 


Nouvel’ s intention was re- Bill TJ Jones; (the;haHet’ s 
portedly to focus attention \ resident choreographer). 


on the stage instead of the 
lavish interior of the hall, but 
that function is already well- 


Maguy Marin andAVilliam 
For^tiJe. :. . 

The crowning touch was 


de la Cbarite, f&m.tyvB?' 
. 37 15.05,. <^>re» 


served in other opera houses added to the opera with the 
by the dimming of the house opening at the beginning of : 
lights during performances. .June of Le Rcsto des Muses ;., x . 

That said, the new opera - ’ by renowned Lyon chef ^ 
house, which seas 1,300, is Philippe Ghavent, propridot .; 
acclaimed for its acoustics, of La Tour Rose (one.-, 
and the renovation has- Michelin star) and Le : - 
a dded space for much-need- Comptosr deBoeuf . 7 '. " 

ed rehearsal areas, a smaller Located on die fifth Boor* 
auditorium, Hballet and cho- just behind the s tatues of tlte 
rus studios, and elevators for muses, the restaurant has a ~ > 
scenery and the orchestra spectacular view of the' 17th- 
P*^ r J century city hall across the^ 

Under Director Louis Erlo street and the city's two hffl- Y. 
and Artistic Director Jean- tops behind it, and offers a ; 
Pierre Brass man. the new reasonably priced brasserie^ 
opera house is attracting in- style menu enlivened with' 
temational stars and intro- Mr. Chavent’ s original' ’ 
ducing some nouveautes of touch. - 

its own - its firs production Mr. Chavent promises to ; “ 

llJQC 4 naqWtr ilntnAnm A 1 ■ . * . w 


the only product of the in- 
dustry' (although the famous 
Henries scarf is still made in 
Lyon by Ateliers AS). Tech- 
nical fabrics made in the re- 
gion are used in architecture 
and protective and medical 
clothing, and for construc- 
tion. aeronautics (most no- 
tably, for the nose of the 
Concorde), sports and com- 
puter applications. For these 
special composite fabrics. 


the industry, which numbers 
1 10 companies specializing 
ir> technical fabrics, works in 
dose cooperation with the 
area's scientific research 
community and universities. 

The industry's activities 


Affected like many others 
bv the current recession, the 
industry lost 5.000 jobs in 
1993, but receipts are up by 
1 5 percent so far this year, 
thanks mainly to exports, ac- 
cording to Claude Sztem- 


schooi. technical high 
schools and Claude Bernard 
University. 

For research, there is the 
lnstitut Textile de France 
and technical research cen- 
ters CETIH and CTTN. 


and the renovation has- 
added space for much-need- 
ad rehearsal areas, a smaller 
auditorium, ballet and cho- 
rus studios, and elevators for 
scenery and the orchestra 
piL 

Under Director Louis Erlo 
and Artistic Director Jean- 
Pierie Brossman. the new 


passementerie, ribbons, elas- 
tic! zed fabrics, braid, 
knitwear and other clothing. 


Every year, more than 600 
young people ore trained by 
the 1TECH engineering 


and Modissima (women's 
fashion). 

HJE. 


becoming recognized as one 
of Europe's leading houses. 
Productions scheduled for 


tor instance, Japanese dishes 
when “Madame Butterfly”'."' 
is being presented • , 


HLE...;-, 

















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THETR.B INDEX 110.460 

Tribune World Slock Index ©. composed of 
SSOffroiTOhOTOflylnvestabte stocks from 25 countries, complied 
by Bloomberg Business News. Jan. 1 , 1992 =100 
120 





i.' ' ;» * 

•■ ; / Yy 




J F 

1993 

M 

■ Asia/Paci/fc 

fipprox. we^Wing; 32% 


Close: 130.85 Prev.: 132X2 
ISO 

52225 



Appro, weigtthg: 37% 
Oosk 110 JH Prw. 110-52 


mm musi 


F M A M J 


J F M A M J 


1993 

1994 

1993 

1994 

■ North America 


Latin America 


Approx, weighting: 26% 
Oosk 91 £3 Prov.-90.48 
150- 

m 

Approx, weighting: s% 
CtesomSuPrwj 105X2 





J F 
1993 

WoridMm 


M J 
1994 


J F 
1993 


The Max racks U.S. doter Values of stocks n Tokyo. Now York, London, art 
Argentine, Austreta, Austria, Bolgium, Brad, Canada, CNto. Denmark. Attend. 
Franca, Germany, Hong Kong, Italy, Ifexfco. Nattertancfa, New Zealand, Norway, 
Singapore, Spain, Sweden, Switzerland and Venezuela. Far Tokyo, New Vorir and 
London, the Index te composed of the SO lop issues In tamw o' market ceptteXzation, 
otherwise dm ten top stocks on tracked. 


Industrial Sectors 


Smoke , Not Fire, From Currencies 

Fed Does Not See Inherent Inflationary Pressures 


By Keith Bradsher 

New York Timex Service 

WASHINGTON — Top 
Federal Reserve officials 
found a mixed signal in last 
week’s currency turmoil, 
which they believe has left 
their course unclear on inter- 
est rates. 

When an American-led ef- 
fort by 16 central banks on 
Friday failed to prop up the 
dollar against the Deutsche 
mark and yen, many analysts 
wondered u the Fed would be 
forced to raise interest rates as 
the only way to stop the slide. 

The Fed officials say they do 
not see any inherent inflation- 
ary pressures stemming from 
the week’s events that would 
require actioa on interest rates. 
They said the dollar was stable 
against many currencies and 
actually rose against those of 
two key trading partners, Can- 
ada and Mexico. 

They say that the inflation 
rate in the United Slates is 
falling as economic growth 
becomes more subdued, but 
they worry that the drop 
against the mark and yen 
could be a warning that inter- 
national investors have come 
to expect inflati on in the Unit- 
ed States. 

A determination to s tamp 
out such expectations — 
which tend to become self- 
fulfilling — was a prime rea- 
son for the series of interest- 


rate increases that the Fed 
undertook to keep the mar- 
kets satisfied about the pace 
of recovery. 

[In New York, the chief 
economist for Bear. Steams & 
Co., Wayne Angeil, who 


stepped down as a Fed gover- 
nor this year, said he expected 
a vote to raise the discount 
rate by 50 basis points, or half 
a percentage point, at next 
week's meeting of the Federal 
Open Market Committee, 


Doing Bettor Closer to Home 

VVh§e the rioter has faBer* against the yen aid thematic, 
ft has Improved relative to. We peso and the Canatfian - 
dollar. TOs strength with Canada and Mexico is 
irnportam because the Unfed States trades more with 
•its neighbors than^ %gfiwa 

'/ ^QwVum'u 

Change in exchange rates tftfe year. . U.S. trade 


. Change in exchange rates this year. 
:*10% ^ 


* 5 


tm 


MEXICO 
J. OF TRADE 

I— CANADA 

- '• OF TRAPS ; 


•• w . 

* . : r^easrtgMi y 


The Yurt. Time, 


Bloomberg Business News re- 
ported. 

[“I see it coming as a result 
of a weak domestic dollar,*' 
Mr. .Angeil said. “The Fed’s 
main responsibility is to en- 
sure that the 'slore-of- value’ 
function of the U.S. dollar in 
our market works well.”] 

Higher rates would make 
U.S. bonds more attractive. 

Senior officials of the Fed- 
eral Reserve do not like to 
discuss publicly their plans 
for changing interest rates and 
perceptions of currency rates. 
They have, however, let their 
analysis of the market be 
known privately. 

Top Fed officials watch a 
broad, 10-currency index of 
the dollar’s value showing the 
U.S. currency has fallen very 
little this year. 

Even though the yen has 
been trading at record highs 
lately, the overall index is 
higher now than it was in 1987 
and during much of the Bush 
administration. 

A popular rule of thumb 
among monetary policy spe- 
cialists is that a drop of 10 
percent in the trade- weigh ted 
value of the dollar produces 
an increase of one percentage 
pcan t in the inflation rate, and 
some economists now say the 
effect is even smaller, despite 

See FED, Page 10 


New Bristol-Myers HIV Drug Approved by FDA 


Energy 108X6 10R27 CepMSoode m.97 111J5 40.11 

HUM 116.11 11&61 -tao RwIMtertah 122^2 12151 -OBO 

Hnmcft 115J5 11&31 -0.40 Cpnswer Goode 87.72 97.38 4035 

SwrlcW 114,17 11316 +027 Mfecafcnaaa 119.89 121,46 -129 

For mom ktfoimation about the tafex a booklet is avaiatie free a! charge. 

Mftto to Tribhdax. 181 Avenue Chariesds Gauge, 92521 NeuSy Cedex, Fiance. 

O International Herald Tribune 


Compiled by Ota- Staff From Dispatches 

NEW YORK — Bristol-My- 
ers Squibb Co. has received ap- 
proval from the U.S. Food and 
Drug Administration to market 
a new treatment for the human 
immunodeficiency virus, which 
causes AIDS. 

The new drug, Stavudine, 
will be marketed under the 
brand name Zerit and is expect- 
ed to be widely available by 


mid-July. It is the fourth drug 
to be approved by the FDA to 
treat the virus, which blocks the 
human immun e system from 
working and leaves its victims 
open to the fatal acquired im- 
mune deficiency syndrome. 

Stavudine is classified as a 
nucleoside analog, as are the 
other three AIDS drugs — 
AZT, made by Burroughs Well- 
come Co.; ddC, made by Roche 


Holding AG*s Hoffmann La 
Roche; and Videx, also made 
by Bristol-Myers Squibb. 

Bristol-Myers Squibb said 
Stavudine would be prescribed 
for AIDS patients who were 
getting no benefit from the oth- 
er anti-viral medicines. 

The wholesale cost of Zerit is 
expected to be about S323 a 
year for each patient, with a 
retail markup of between 10 


Reed Elsevier 
Says Davis Quits 
As Its Chairman 


percent and 50 percent, a Bris- 
tol-Myers spokesman said. 

Bristol-Myers Squibb shares 
closed 50 cents lower Monday 
at $53.75. 

The company’s confidence in 
the new medicine is “based on 
our experience and five years of 
clinical trials," said Stephen Car- 
ter, vice president of clinical re- 
search at Bristol-Myers Squibb. 

(AFX Reuters. AP) 


Compiled iy Ow Staff From Dapetchex 

LONDON — -Peter Davis, co- 
chairman of the Anglo-Dutch 
publishing company Reed Else- 
vier PLC, has resigned in a dis- 
pute over management style that 
would have stripped him of 
some executive powers, the com- 
pany said Monday. 

Mr. Davis has been replaced 
by Ian Irvine, anotbo- executive 
at the company formed last year 
by the merger of Reed Interna- 
tional PLC of Britain and Else- 
vier NV of the Netherlands. 

The management shake up 
pushed the stock prices of both 
companies down. In London, 
shares finished at £7.37 ($11), 
down from £7.51 on Friday, 
and in Amsterdam, the shares 
ended at 150.20 guilders ($84), 
down from 152. 

Mr. Davis’s resignation fol- 
lowed several days of intense ne- 
gotiations among board mem- 
bers that came to a head over the 
weekend, Mr. Irvine said. 

Since merging 13 months 
ago, Reed, the leading publisher 
of consumer-oriented maga- 
zines in Britain and owner of 
the U.S.-based Cahners Pub- 
lishing Co., and Elsevier, the 
world’s leading publisher of 
Fji gKsh-languagff scientific in- 
formation, have been run by a 
five-person committee headed 
by Mr. Davis and another co- 
chairman, Pierre Vinken from 
Elsevier. 

This month, the team began 
to apportion responsibility for 
running the company because 
the baric merger issues had 
been settled. 

It had decided strategy and 
management development of 
the joint companies should be 
the responsibility of the co- 
chairmen, while two other com- 
mittee members would handle 
day-to-day operations. 

But Mr. Davis, the company 
said, believed the proposed re- 
allocation of responsibilities 
“did not enable him to play an 


effective role suited to his man- 
agement style.” 

“Peter found that personally 
not to his liking , so he said *no 
thank you, not for me,’ ” Mr. 
Irvine said. 

He said Mr. Davis’s depar- 
ture did not reflect underlying 
difficulties with the merger. 

“I don’t think we have any 
problems about what we’ve done 
and how it will work,” he said. 
“It just didn’t fit Peter’s style.” 

Mr. Irvine also said Real El- 
sevier was considering putting in 
offers for two publishers up for 
sale in the Untied Stares: Mead 
Corp.’s Mead Data Central divi- 
sion and Ziff Communications. 

(AP, Reuters, Bloomberg) 


Kemper Accepts 
Conseco Offer of 
$3.25 Billion 

Bloomberg Business News 

LONG GROVE, Illinois — 
Kemper Corp. said Monday it 
had signed a definitive agree- 
ment valued at $3.25 billion to 
merge with Conseco IntL, which 
outbid General Electric Co. for 
the insurance and financial ser- 
vices company. 

Under the agreement, 
Kemper stockholders will re- 
ceive $67 in cash and Conseco 
stock for each of their shares. 
The merger value includes 
Kemper’s long-term debt and 
preferred stock. The combined 
company would have more than 
$85 billion of assets undo- man- 
agement and revenue and premi- 
ums of $4.2 billion. 

The agreement includes an 
option for Kemper’s board to 
cancel the merger if it gets a 
better offer. 

On the New York Stock Ex- 
change, Kemper shares closed 
at $61,125, down 25 cents from 
Friday. (Bloomberg, AP) 


\pital: 

ON 


: ,,\> 5 


Thinking Ahead /Commentary 

Stop This Trade Virus From Spreading 


By Reginald Dale 

International Herald Tribune 

W ASHINGTON —If it is not 
stopped quickly, a more vir- 
ulent strain of protectionism 
will soon start spreading 
through the world trading system. It wifi 
attack the exports of many countries, but 
it wifl do most damage to those of the 

United States. 

Paradoxically, the new virus is being 
introduced by none other than the Unit- 
ed States itself — and by an administra- 
tion pledged to making export promo- 
tion one of its nlaixf policy planks. 

Equally ironically, the guilty parties 
are two agencies led by dose associates 
of President Bill Clinton — Commerce 
Secretary Ron Brown and Trade Repre- 
sentative Mickey Kan tor — who are 
making a mockery of Mr. Clinton’s fam- 
ous pledge that America will “compete, 
not retreat” from world markets. 

These supposedly trade-bobsting de- 
partments — in reality hotbeds of man- 
aged trade and protectionism — are now 
quietly trying to change the thrust of 
solemn American commitments made at 
the end of the Uruguay Round of world 
trade talks last December. . 

The main reason they are succeeding is 
that the case in question is packed with 

fine print and deals with a sector Of trade 

law that makes most people’s eyes glaze 
over — anti-dumping policy. It is none- 
theless vitally important. 

Anti-dumping cases are brought by 
mdustries flm'mmg to have be® unfairly 


hurt by cheap imports in the hope of 
persuading authorities to levy stiff duties 
on the offending goods. 

With the protective power of tariffs 
largely peeled away in successive trade 
negotiations since World War n, anti- 
dumping has become the favorite weap- 
on of protectionists in Europe and the 
United States. 

The problem is that the more you use 
anti-du mpin g penalti e s to raise the price 


Hie ginhy parties are two 
U.S. agencies that are led bj 
dose Clinton associates. 

of imports to protect domestic produc- 
ers, the more you hurt consumers. You 
risk undermining your own exporters, 
who need to buy the cheapest available 
components and raw materials to com- 
pete in the global market. 

Yon also encourage other countries to 
play the same game — which is exactly 
what Washington is now doing. 

The latest world trade pact, signed in 
Morocco in April, contains a new anti- 
dumping code that has to be pat into 
American law. It has many flaws — some 
of them inserted at the last minute by 
American negotiators who consistently 
put the interests of domestic producers 
over those of exporters. But it is at least an 
improvement on previous arrangements. 

Now even that compromise is under 
attack from forces marshaled by the U.S. 


steed industry, which are lobbying hard to 
make the code even more protectionist 

The steel producers and their friends 
want to make it even easier to get the 
government to impose anti -dumping du- 
ties and to ensure the duties are higher 
and longer-lasting, if not permanent. 

The departments of Mr. Kamor and 
Mr. Brown are only too willing to com- 
ply. Draft legislation sent to Congress 
last week stretches the code's wording in 
a protectionist direction and includes 
several of the steel industry's demands. 
One well-known trade lawyer counts 
more than 20 violations of the Uruguay 
Round agreement, some of them blatant. 

Unfortunately, there is no watchdog 
in Geneva to stop people welshing on 
their commitments. And many other 
countries will be only too delighted to 
follow in America's footsteps. 

The grisly prospect is that America’s 
trading partners will all adopt similar 
rules for use against America’s and ev- 
eryone rise's exports. The United States 
is already tbe biggest target of other 
countries' anti-dumping actions. 

Time is running out. The administra- 
tion wants to introduce formal legisla- 
tion by July 15, after which, under so- 
called fast-track procedures, it can no 
longer be changed. 

Free-traders among America's allies 
should blow the whistle on this under- 
hand maneuver. And Mr. Clinton, who 
likes fine print, should get into the act 
quickly. IT not, he might as well change 
his slogan to “retreat, not compete." 


CURRENCY & INTEREST RATES 


- » | DJM. RF- • *■ 

tom vm 2X2 l.w 11 

mmi osa ***»«“ J 
ffraMMrt isw aan * 

LMtfM b) . , US — UlS UBS M 

■bM . OUU 1|B|B BM KM I 

MB*.. UfUO MW* 

Miw York (b) — UW« U» 

Parlt UDS MS ^ 

TMvt MUS USA B* * 

“Wrante. . US tW ® ‘ 

Me* LHB 2JB R0 •*« 8 

iaeu ' uh un ihz> “ 

ISM. _ VCte IB1* IW 7JBS M 

'dtaafesHjD Antentm London. Now Yori 

rotes or Jam. 

flc To buy one pound: Br To our one aoua 
moAfeto. 

OthtrDoOar Trim* B- . 

• m, - cuiencv p»* 

225L. ru a* 

m r-s =■=■•■ -i 

Cm* larm n ci iririit ufisz 

43*5 * MB, f£L’SS 
■MMW.13S0 KraomjVW MW 

■kitette 12515 Maker- rino. MM 


uzh uor* — 

UBS UM* «» 


UMS l jea ~ - - 

aaw- iBB ilu» **» wn *«>• 

m im ju< ubs isjo — aa 

onsz une- us> im u»* — i«* 

55 l5- 0701 4 «M' — u»' tost UW 

UN* 31 a msn uw HUB un 

UKB 157B 4WW OT* MU* 

Wow York end Zurirfc ffietaas In atbar enrtant Toronto 

ena dollar; *: t Mis a t MW MU: net Quoted; MA: not 


June 27 

Euroeuffoncy Deposits 




June 27 

Yen CS 
U» ( 1X775 

Peseta 

I see- 


Dollar 

D-Mark 

Swiss 

Franc 

Sterling 

French 

Franc 

Yen 

ecu 

03354 2156 

15306* LUI 

3477* 

IX1M* 

1 month 

CMhOti 

4fr5 

4M-41A 

sw 

SteSte 

r-ite 

5\.-5te 

USB 2.154 

3BL46 

Imoatta 


4 Vk6 

4 ted te 

5 teSte 

5te5te 

7 w7 *. 

5?S-b 

W30* «M 

— 

6 months 

stww 

4 te-5 

4<rt-Ae 


5Vj-5U 

5>g-2U 

5 '-*-<■ ■. 

HA5 uau 

usa 

lvcar 

544 -5te 

SVe-5 1 * 

4W-4%b 

6-6te 

5te-6V» 

2 ---2 . 

4te-*** 


Sources: ttoMm. uards Bank. 

Rates ramdeabte to tofc r ta nk aeeosftsatSt mHOan minimum toreoulvalontl. 


K*y Money Ratos 

United SKrtea 


AMfcuoA 1U» 
■tttfflmc. 3547JU 

asai 

toa karan* asi 
owoiw* at w 

■nteteM.Use 
Ftemqrtta 12515 


Canrwwr Iters 
MBS. MS 
It. Zealand t 1 . 4*78 
ffarw. krone *» 
PMt.P«W a* 5 

PoDiaiMy 2234 . 

Rota- ruble 1WU0 
Eowfl rtete 17503 
SW-* “* 


Currency Per* 

S. Ur. rand 24125 

S. KOT.WOT BUD 

SnedLkreen 7JOi3 
t«mis an 

nolWrt 25.12 

TMU 21747. 

lUeOrton 16777 
VeneLbollv. iffZW 


tewHTiwwirbW 
Weor Timxarr bra 
Mreor Traasarv sete 
5-resr Trao»nr wfe 


“hMld Rates . Yds* Skdal »dar 

I ~.3Mar Wff 1jm ,JM7 

I untie 1JSB t55l7 1JS13 99.93 9971 WX7 

- L320 U2M ,jai _ ■ Banco ammerdoic HoHc*# 


United states Close Prev. 

HKtHltt 3 V, 3V3 

Prtenrtee 7 V. TU 

Fedenf tends 4 H. 4 k 

SwnttCOl 4 jB3 4X3 

Ceam. over US dm 4J0 4J7 

3-mantfe Tremnrr bW 4.11 4.15 

Wear TreanrrbK] 5X7 5.10 

>rear Traasarv sole 6X3 6X6 

hevltennriric 6.79 U3 

T 1 if Trioiunr note M2 6X7 

H yubt Trtaur, note 7.16 7X1 

SfHrnwrbsd 7 M 752 

Mw>HILv«ft3Mer Ready met U1 U0 


126 1% 
2X0 2X4 

Ik 2 v, 
Jh 211. 
Tik 21k 
425 425 

6X0 6X0 

5X0 4*5 

5X0 5X0 

5X0 5X0 

5.00 5X5 

7X4 7XS 


CsMbmet 
1-nwnlh Interbank 
SmeoUi teterbenk 
l meMk tetertMk 
»ve«r eowwMsl Mod 


4-MOflte teterbonk 
TMorBsBd 



Quite simply the Royal Oak, 


m 

Audemars Piguet 

Tbe master watchmaker. 


I ■ >i irilinTitiin <n .itvI cjlilh ijuv. plwx- nriK' I' c 
Amkiiurs I’l.uuil X Ck* I.ViK U- Hni-.su-. il/vrljnd. 
TiH. il J I KiS |H ,i| F.i\ it 31 H-o il N 



Bart base rote 5'- 5U, 

Can money 5.00 5X0 

l-moidb Intel Inert 5 >- 5.00 

3 iimnte kitefbank 5 te 9>k 

( mnoTTi i m ert aek 5Vj F-b 

10-rear Ollt 458 477 

Prance 

I eta WHk« rate 5X0 5X0 

Can m on e y Ste 5te 

1-cneeth laterbnirt 5». Ste 

3-manni baterbemk 5 te SV: 

Cdnontti Inraoanfe Ste V* 

W-yearOAT 7X6 7X2 

Sources: Reuters. B loomoera. Merrill 
Lrncft. Bank ot Tokyo. Commerroant 
GnemteU Montaoc- Credit L rannais. 

GoM 

ajm. PM Cntee 
Zurich 3HXS 30725 - 3X0 

London 3MX5 387X5 — OaS 

Mew York 37100 38640 — 6J0 

US. dollars per ounce. Lanaon otticui n«- i 
Urn: ZuridUmd New Vark epenino or*} Cha- ' 
ba prices; New York Come * lAurmst/ I 

Source: Reuters. 



— . m mimmrn, - 


■vh. 



fage 10 


** 



INTERNATIONAL HERALD TRIBUNE. TUESDAY. JUNE 28,1994 


Stocks Tak 
From Stron 




Sow Jones Averages 


NEW 

market 

foliar Would T l J at Ihe w eak 
offering a Uft ?l l ° ,nfIation ’ 
t«M^ay 0lhesf0Clfm ^ 

U-S. Stocks 

If ™ gaining issues 

!Efw^ y ^ eed ,osin S oncs on 
fceNew ) ork Stock Exchange. 

The price of the benchmark 
ry-year Treasury bond rose 
i 1 /3 ? PO“t, to 85 23/32, taking 
«ie yield to 7.46 percent, down 
irom 7.52 percent Friday. 

The lower commodity prices 
and the dollar’s stabilization 
spurred some sentiment in the 
bond market that inflation 
roight re ma i n in check, giving 
toe Federal Reserve Board 
breathing room before it is 
forced to raise interest rates. 

But concern that the dollar 
could renew its slide soon limit- 
ed the bond rally. A f allin g dol- 
lar makes doUar-domin a ted se- 
curities less attractive because 
their value depreciates along 
with the currency. A weak dol- 
lar also raises concern that 


prices of imported goods will 
rise, encouraging U.S.-based 
manufacturers to raise their 
own prices, fueling inflation. 

Technology issues again set 
the tone for the slock market. 

Compaq Computer jumped 
2*^10 33 i -4 after an executive 
real firmed the company's goal 
of becoming the world s biggest 
supplier of personal computers. 

Oracle Systems was the most 
actively traded over-the- 
counter stock, gaining I \ to 3S. 
still benefiting from stronc 
earnings reported last week. 

Borland International rose 1 
3/16 to 9 15/16 after it said it 
would release a new version of 
its dBase database software this 
summer. 

Somaiogen surged 21* to 94 
after the company said that Eli 
Lilly had agreed to form an alli- 
ance to make and market Soma- 
togen's human hemoglobin 
blood substitute. 

Lilly initially will invest S20 
million in Somaiogen in ex- 
change for common stock. Lilly 
will build manufacturing facili- 
ties to produce Somaiogen 's 
Rhbl.l human hemoglobin. Eli 
Lilly rose -’a to 577*. ** 

l Bloomberg.. API 


Daily dosincre of tf'f i 

Dew Jones fccustha' averpge j 

k, ! 

P ! 


OfKSl High Uiw Lad OlO. 

■-cut tut 05 las?. 7 ' tolOXD :«5 » *.a 
Tw. iSfi+M liCi.52 153Z22 1S99JS -O.M 

'."til I’? I. 1 >75* 178 03 - 1 J7 ] 
Cot v .7*6.2 I 1.-33.23 1161.94 1282.50 - 11*7 


EUROPEAN FUTURES 


Metals 


Cfcse 

Bid ASK 
gh erode) 


Standard & Poor's Indues 


3305 

m 

vx 

MOO 

53F) 


1 

High low close CK'n | 
Industrial* 521. IS 5II.90 SKBS ti*S f 

Trans 38756 MlO 337.04 + ZM 

L'tJi'lles 1S3X6 ISUT I5L» +BJII 

pmcr^e « n «iei mj\ tout 

SPSCC 447.76 439.SC 44731 + 4J1 

v 103 IK.J3 404.57 4)4.57 +464 ! 


/ 


5AM ! HYSE Indexes 


I/ 


1 ! 
\ i 


O J r M A M J : 


1962 


1S54 


MYSE Most 

Telf.V!. 

Vd. 

AJol? 

IBM 

jr’jf 



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High Low Lost dig. | 

Ct' WI, 24481 I4JC6 7+6.15 -1.99 1 

■n-Ju>*rwl. 303 7? f+XS KELSO • 1-7 ; 

"7— .sc m: jo rw.77 jm.i? -i cb I 

U:f.-. 70’ *7 173.71 COi.-n - 1.31 f 

F.nc*ij i 21.156 »: 75 31041 ‘1 35 


NASDAQ Indexes 


Hrsh Low Law dig. 

C.'Trt 701 53 65133 70133 ■ 7JA I 
■re-jsi-Bh ^j5.C^ ’CO.’S 706 07 - 4 XC. 

3a--V'. J4A.67 '42.TB 74*41 -0 56 

;r *3677 SS4J6 636 7? —0 94 

Fnc-r- W.13 9)4*0 919 13 -OXS 

7r 3 ..a i£(J5 47S.98 680 24 —088 


AMSX Stock Index 

High Low Last Cub. 
4'l3 434 23 425 44 —0 86 

Sow Jonas Bond Averages 

Owe Ote 

78 Bands 97 JJ — 028 

HUM!!** 9*54 — aii 

■& industrials 10051 — 0J? 


Wv t BW 
BM AtK 

ALUMINUM (HMlOn 
Dollar) Mf metric Ian 
Sort 1448X0 1449X0 U41 50 1462X0 

Forward 1677X0 1*75X0 1490X0 1491X0 

COPPER C ATHO DES tHMto Grade) 

Donors per metric ton 
te« 3113X0 2414X0 M«5D 2449.31 

forward 2433X0 243U0 7467X0 2448X0 

LEAD 

□Mian per motnc Ian 

Sool 532.00 533X0 543X0 5*4X0 

rtjrwons 5WX0 551X0 560X0 561X0 

NICKEL 

Dalian per metric ha 
£sa) 616SX0 6170X0 6350X0 6360X0 

Forward 6760X0 6265X0 6445X0 6*50X0 

TIN 

Dollars per metric ion 
5001 5350X0 5360.00 5460X0 5*70X0 

Fcrword 5**0X0 5*45.00 55*1.00 55*5X0 

ZINC [Sped* Hied Grade) 

Dam* per metric hm • 

Soul 960X0 961X0 983X0 984X0 

Fcrword 98SX0 986.00 1007.00 100800 


Financial 



HWl 

Low 

Ckwt 

Change 

3-MONTH 5TERUKO fLIFFE) 


008X08' 

■ pn or 180 pet 



56D 

9*38 

«*27 

9*33 

— 0X17 

DtC 

9177 

93X6 

9171 

-M4 

Mar 

9111 

92X9 

93J31 

— 615 

Jan 

92.4* 

92X4 

92X6 

— lit, 

Sep 

9170 

9)77 

91X2 

— 615 

Dec 

9147 

9TJ7 

91X2 

— D.n 

Mar 

91.17 

V1X2S 

91.15 

— 0-1 1 

Jira 

90.97 

90X7 

90.92 

— 0.11 

S*P 

90X9 

90X6 

9023 

— 029 

Dec 

90(0 

9TLS0 

90X4 

— 609 

Mar 

MJ6 

♦030 

90X7 

— 089 

Jqa 

9024 

90.1,1 

9021 

— 0X9 

Est. volume: SC79. Open 

Ml.: 524.771. 


KVSE Diary 


Dollar Climbs a Notch 
After Its Low iaa Tokyo 


1 NASDAQ Most Actives 


VOL 

High 

L7W 

Loot 

Dr?. 

M.«rt i 

<7549 

52". 

ti- x 

;; ■, 


Oreo* -> 

aits: 

?8". 

1 

::v. 


NOV*.'ll 

35+55 

15’. 

14' T 

15 , 


iv.?ii nr i 

?46t* 

5t* : 

?l ‘6 

25' , 

3’ • 

In 'cl 

23511 

re:. 

W 

59>> 

l % 

ApCKCC 

2SC5I 

2t’ , 

?J-» 

»>-. 

. j 

MCIS 

728*7 

72+ 

:r p 



Okss 

KM 

n , 

?1"x 



M.jwMlk 

21549 

32". 

xr •• 


* 

iniolgn 

31579 

;• 

*'j 

,1 . 

2 * . 

DSC S 

'hire 


if j 

;■» ‘ 


Deviant s 

19235 

11 

C^4 

r j — r. 

C-JI+FA 

T91T7 

TI 

:«’8 

»• i 

~ • . 

3Com 

!KK 


'll " 


2 • * 

LXUS 

14775 

34’ , 


li 



C emptied by Our Staff From Dispatches 

NEW YORK — The dollar 
closed with little change against 
most major currencies Monday 
after falling to a postwar low of 
99.46 yen in Tokyo trading. The 
rebound came as U.S. stocks 
and bonds rallied. 

“It's loo early to say that the 
dollar has stabilized for good. 

Foreign Exchange 

but gains in the bond market 
helped." said Lynn Tierney, a 
trader at Sbawraut Bank, Bos* 
ton. 

The dollar recovered slightly 
after falling fell to its low in 
Tokyo, finishing at 100.450 yen 
in blew York, compared with 
100.525 yen Friday. 

The U.S. currency closed at 
1.5830 Deutsche marks, com- 
pared with 1.5840 DM on Fri- 
day. 

A sense among traders that 
the dollar fell too far, too quick- 
ly last week helped the U.S. 
currency rebound. Reports that 
the White House press secre- 
tary, Dee Dee Myers, had said 


toe dollar would be discussed at 
the Group of Seven summit 
meeting in Naples next month 
helped to accelerate the process. 

The dollar steadied without 
help from the central bunks 
Monday, traders said. Analysts 
said it would be pointless for 
central banks to buy dollars be- 
cause the market would only 
drive the currency lower. 

“I don't think' they were in. 
but if they were, it was under 
the cuff." Brian O’Rourke, 
chief dealer with Sumitomo 
Trust Bank. said. 

“We may get a blip up on a 
short-covering rally." he said, 
but he added that' toe market 
was probably already setting its 
sights on values of 95 yen and 
1.50 DM to 1.52 DM. 

“There is just no confidence 
in the Ginton administration 
by foreign investors." he said. 

The pound ended at SI. 5440. 
down from $1.5525. The dollar 
slipped to 5.4245 French francs 
from 5.42S5 and edged up to 
1.3280 Swiss francs from 1.3265 
francs. 

(Knighi- Bidder, Bloomberg ) 


A S3 EX Most Actives 



Close 

Prev. j 

-i.-enreo 

ID9T 

383 1 

- -J'V- 

1040 

1876 

...■"tecnge^J 

642 

524 


7319 

7»E 

H-iur, 

j 

4 


153 

155 

1 

AMEX Diary 


CtaW 

Prcv. 


217 

14J 


354 

438 


221 

203 


774 

805 



3 1 

"w* bh^’ 




75.05 —0X1 

94XS UnetL 


9X8* -0X2 

9161 —0X3 


9170 +0X1 

915* +801 


1 

VO L 

High. Low 

Lasl 0*3. 

e.»L a 

59452 

1+ i* ; 

1 •• . • v„ 

OetM: 

I051U 

7', 7 +, 

7-, - , 

scnoEov 

4361 

IC’. !0>, 

■ov, — • , 

HonvDI' 

4551 

J". . 2- 


imerDig 

4315 

3' .. 7 1 , 

y, ■, 

SPOH 

364? 

J4 - 

U4, 

£'4SCO 5 

7855 

IS’ . l? + 

1?' 1 

H05t.ro 

2201 

29', ?*’+ 

:s"= 

N1 Tm 

25*9 

T4 73*1 

TV. — 

vvlhtrC 

3177 

13'. If. 

Ii'-. 

fUaritoi Sales 



Today 

Prev 



4 Djn. 

cons. 

NYSE 


230.1 P 

3C4.9J 

Amex 


1720 

y>a 

NovJQQ 


22122 

28246 

In mnilcns. 





&&SDAQ Diary 



dole 

Prev. 


1538 

1075 


IS74 

2058 

•Jr-c*>cngo5 

19W 

1717 

. o’c' ."isinM 

5047 

SOSO 


74 

31 

'ir* Low*. 

139 

538 


3- MONTH EURODOLLARS (LIFFE) 
ii mnaoa-pbotiwpci 
56P 9483 9483 9481 — 007 

Dec 94.13 94.12 9411 -0X7 

Mar N.T. N.T. 9384 —0X7 

Jan 93X7 9387 938* —BIO 

Sep N.T. N.T. 93X2 —OX« 

Est. volume: 3*8. Open in*.: 5X68 
MMOffTH EUROMARK5 <UFFE> 

DM1 mMlen - pft of IBB pet 
569 95X9 95X3 

Dec 9490 ?*79 

Mar 9462 94J0 

Jan 9426 9412 

Sec 03.98 9383 

Dec njl 9357 

M <r 9349 9339 

Jon 9331 9320 

see 9310 9303 

Dec 9287 9282 

Mar 9220 9286 

Joa 9154 9150 _ 

EsL volume: 185.191 Open OIL: 573422. 
3+AONTH PI BOR (MATIF) 
ffs aiRUoa -Bts rt 106 pet 
Sep 9422 9*24 9430 — 0X3 

Dec 94X6 9394 940* —0X3 

Mar 9386 9183 9176 Unctv 

Jun 9356 93*1 9X54 —0X2 

See 93J6 9320 93J8 —0X6 

Dec 9316 93W 9113 —0X2 

Mar 9300 9286 *294 —0X2 

JVn 9Z89 9278 9184 —0X2 

Esl volume: 45X67. Open Int.: 189.938 
LONG GILT (LIFFE) 

00 300 ■ pis A nats at 188 pa 
Jua 101-25 10040 M0- 30 —82* 

Sep 100-77 99-13 99-2* —0-22 

Dec N.T. N.T. 98-2* -0-22 

ESL «*oma: 63.776. Open Ini.: 131835. 
GERMAN GOVERNMENT BUNO * LIFFE) 
DM BUM ■ PW of 100 PCI 
Sep nst PJJS 9786 —057 

Dec 92X0 9397 91.13 —857 

Esl volume: 177571. Open InL: 1577*6. 
1B-YEAS FRENCH OOV. BONDS (MATIF) 


i Spot Commodities 


i Commodity 

Tcdor 

Prev. 

' Aluminum, id 

0X57 

9X43 

; Ce'Tee. Braz. ID 

IX? 

1.17 

• Cosoer electrolytic, ID 

1.17 

1.17 

1 iron FQB, ion 

213310 

513JU 

Lena Is 

OJO 

OJO 

. Silver, trov oz 

62fi 

5l47 

: Siee' l5craat.ton 

13*33 

13*33 

1 Tin. is 

17231 

17396 

1 Time. >b 

64781 

0X781 1 


PF300X08 

s«p 

PtSOf IMOCt 
116J0 U*l( 

11*28 

+0X2 

Doc 

11S12 

11X38 

11*33 

+ 0x2 

Mar 

113X0 

112x0 

114X4 

+ 0(6 

Jgg 

N.T. 

N.T. 

N.T. 

Unctv 


Est. volume: 216X20. Open lot.: 138797. 


Industrials 

Htan low Lott Settle uree 
GASOIL (IRE) 

ILS. Ballon per metric ton-tots of 1M tone 
Jol 15750 155X0 155X5 155X5 —050 

Aug 15925 157 J5 15775 1573S —050 

Sep 161X0 159 75 15975 159.73 — 0X5 

Oct 16850 16350 16150 16350 —0X5 

Nov 16550 16*50 16450 16450 —025 


High Leer lab sane. QTge 


Dec 

JOB 

Fab 

Mar 

Axr 

Mey 


Wm usx 
was wmo 

16375 16450 
N.T. • N.T. 
N.T. N.T. 
N.T. N.T. 


Esl. volume; 11460. 


76dj3tr M6Xfl — 050. 
16450 16650 — CLS5 
14450 14450 —050 
N.T. 163X0 -050 
' N.T. 14150 —050 
N.T. 15825 —050 
Opal Ira. 91X99 


BRENT CRUDE OIL (IPE) 


Am 

17X8 

17,16 

17,16 

17,17 


son 


17X0 

17X8 

1M0 


Oct 


.1*94 

1*94 

1*94 


No* 

17.1* 

1*9* 

1*9* 

16.93 

—612 

Dec 

173)9 

J*M 

1*86 

MM 

—0.16 

Jen 

N.T. 

N.T. 

N.T. 

1X84 

-815 

Fab 

N.T. 

N.T. 

N.T, 

1*75 

— MX 

Mar 

N.T. 

N.T. 

N.T. 

1*70 


AST 

N.T. 

N.T. 

N.T. 

)*6S 

— IK 

Est. vatume: 29311 . 

Oeanim. 13X500 


Stock Indexes 

HMl Low dose CtNWBB 
FTSE IBB (LIFFE) 

EBperMexpeM - 

Sep 271 SX 2860X 2*6*4 —718 

DM M.T. N.T. 3H710 — 71X 

Ext volume: 1S822. Open Iru.; 52.127. 
CAC4B (MATIF) 

FFsae per ibom Pbbit 

JOB 1978X0 IS64XD 191 1X0 +3980 

Jol 191350 106150 1907X0 +2950 

AW 1877X0 1877X0 W16X0 +29X0 

See 192950 1800X0 192350 +2950 

Dec N.T. N.T. 1951X0 +2750 

Mar N.T. ■ N.T. 197850 + 29X0 

Est volume: *8368. Open InL: 8047S. 
Sources; Matir. Associates Press, 
London Inn Financial Futures Ejrcftana*, 
rnn Petroleum Esttianae. 


Dtvktends 


Lostno PLC A 

Dollar amt 


Per Amf Pay Rtc 
IRREGULAR 

JOS 7-1 7-15 


STOCK 


Center Bat 
Nall Penn Bcshs 


- S% 7-18 8-1 

_ 59b 9-30 1831 


REVERSE STOCK SPUT 
WmAPocH Resovrc 1 tor 20 reverse split. 

STOCK SPLIT 
Cascode Saw BkS (or * split 

. INCREASED . 


.1* +29 +19 
J» 7-29 +7 


F10 Fedl Bcd n 
Landmar k Bcsti 
State Fed FMI 


_ .18 7-18 7-25 

_ 85 7-15 7-29 

. X75 +30 7-15 


REGULAR 

Banc First Carp 
BostcnEd beoiS»4 
Bos*ar£ddeo7J5% 

Center BCP 
Comm Clearing A 
Comm Oeorlns B 
lB38Bd Deb Trad 
Franklin Resourc 

Gateway Index PI 

General Mins 
Koman Carp depsta 
LCS ind 
Manor Care Inc 

Fotrtof sol Djv 
Peoples Bcp Auto 
Phoenix CAlxExam 
Premier Bcshs 

Showmut Natl 
Strowbr&aom A 
eefflMNl; p»nme In Qmdsa funds; m- 
meatMy; n WtaN j s-semH»aual 


a 

U 

7-5 

7-15 

a 

SIS 

7-8 

+1 

a 

A843 

7-8 

+1 

Q 

JO 

MS 

+1 

a 

.ITS 

6-M 

7-27 

a 

.175 

+34 

7-27 

0 

-A3 

7-6 

+5 

Q 

.08 

7-1 

7-15 


ST 

+29 

+30 

Q 

At 

7-8 

+1 

Q 

XI 25 

M 

9-1. 

a 

J2S 

7-1 

7-25 

Q 

an 

+15 

+26 

M 

.1031 

78 

7-22 

a 

•ID 

7-1 

7-22 

M 

M3 

+3* 

+34 

o 

.TI 

7-15 

+1 

Q 

30 

7-5 

7-15. 

Q 

375 

7-S 

+1 


Ccrtshi otTerrogs of Kcariiies. ffanodei 
services at axeraa m real ewr piABded ti 
Ihb aeirjfBpcr esc not JMtanicd in certain 
jtrafeiioas is »Udi the In ternal ioml Hbaid 
Trihusc is distei bated, tadadias tfac United 
Sntcs of Amertca. sad do not coasdiate 
oBoiafs of iccmdeLtcniccs at interests is 
these JarisdicaoaL Hie lawnHtiaael Hcnfd 
Triteor Jtstnnes bo reSpoasMfty wbsnocvet 
loretjf ad^nueaksM IbrofleriajsofniT knd. 


FEDs Officials Don't Expect Roaring Inflation From Currency Turmoil 


Continued from Page 9 
the globalization of the world 
economy. 

Economists point to the ris- 
ing share of American trade 
with the Latin American and 
East .Asian countries that for- 
mally or informally link tceir 
currencies to the dollar and 
with oil-producing countries 
that price their shipments in 
dollars. 

During congressional testi- 


mony last week, Alan Green- 
span* the chairman of the Fed- 
eral Reserve, minimized the 
effect of inflation from the 
globalization of the economy. 
“As this point, we have little 
aggregate evidence that the in- 
creased openness of the United 
States economy over the past 
several decades has substantial- 
ly altered the process of domes- 
tic price format ion,” he said, 
the worst-case scenario. 


which no policymakers were 
willing to discuss publicly, is 
that the American economy is 
replaying the events of 1978. 

As now, the U.S. economy 
then was growing faster than 
those of other large industrial 
countries. Imports soared, so 
foreigners were taking in more 
dollars than they were spending 
for American goods. 

The value of toe dollar began 
to fall, a problem worsened by 


an international skepticism 
about then- President Jimmy 
Carter’s foreign policy — simi- 
lar to the current skepticism 
about the diplomatic skills of 
President Bill Clinton.. 

“We' re close to that, and cer- 
tainly the parallels will Be 
drawn,” said John Makin, an 
economist at the American En- 
terprise Institute, a research or- 
ganization in Washington. 


umgfc&s cici ui ^ 

• WASHINGTON (NYT) —The House of R «? r ^ 5 ^ U.S- 
poised to pass cm Tuesday toe most sweepmg c m jo 

Teleco mmuni cations law since the breakup pf the Bell 

One measure would give the seven regional Baby IJeu 1 ■ h gn j . 
companies greater freedom to provide long-tosUw^ se 
make equip^ML The other bill wouldTorce local 
companies to open their networks, setting the Re- 

mote telephone companies in one city. Toda/s uatob - nB 
phone companies, in ram. could provide television progranmu D 

Home Resales Bow to Higher Rates 

WASHINGTON (AP) — Sales previously owned 1 - ■ 
homes dropped. 0.7 pwqent in May, toe first fall mthwrwnth^ 
as higher mortgage rate began to curb the market, a real 
trade group said Monday. . ... « ,; 0 ih^ 

Although sales rose in toe East and South, toey were flat m 
Midwest and dropped 12 percent in the West- 
The National Association of Realtors said sales nationally 
at a seasonally adjusted annual rate of 4,090,000, down 
4,120,000 in April 


CHICAGO (AP) —Harris Trust & Savings Baxto is absorbins 
S33 million in customer losses suffered beeause of mvestmerus^^ 
riofcy securities known as mortgage-backed derivatives, the t*a 
said Monday. , • h < . 

Tbe bank, a subsidiary of Bankmont Fmancial Corp-. . D “ 
suspended the head of its securities trading rant until an audJt 01 
the department has been completed. - - . -- 

The value of the securities, tumbled in first-quarter , tradin- 
when interest rates began to rise, Alan G. McNally, Harris’s duel t 
executive officer, said. 


• NEW YORK (Bloomberg)— Continental Cap.,, toe holding * 
company for Continental Insurance, J said Monday it would mnr 
900jt*s from its work 'force of 11^575. 

The announcement came two months after the; $5 billion- 
property and casualty insurer eliminated 680 positions and said it; . 
was sellrng two operations. . . 

Continental, which has been cutting back to improve profitabil- 
ity, also said it would reduce its property insurance exposure, 
especially m catastrophe-prone areas..'..- /, . . '.r- .. -j;. ‘ 

CarteivWalkce to Stop Selling Dnxg ; 

NEW YORK (Bloomberg) — Carter- Wallace Inc_, complying 
with a government order. -saiki Monday it would stop soiling toe-' 
drug Orgamdin, which had', generated most of the company's-/ 
pretax earnings, amid reported concerns" that the medicine causes ^ 
cancer and does network. ^ •' 

Carter-Wallape's stock fell 75 cents to $16,625 in New York 
Stock Exchange trading. The drug is derigned to clear phlegm 1 
from tbe lung»of people wito breathing disorders such as bronchi- •_ 
tis and asthma. -■ • • -».■-■ 

Carter-Wall ace, which also makes Trcjan condoms and Arrid . 
deodorant, said it would take a materiahaiarge in its firsi quarter, ; 
which ends this month. . ‘ \ ; 

For the Record 

Bain Capicd Inc, a Boston-based investment firln, has bought ! 
toe umbrdla maker Totes Inc. for an undisclosed {Mice. (AP) • 


W— kud BoatOfflon . 

' . The Associated Press ' - . . ' 

LOS ANGELES — “The lion King” dominated the U S. box 
office with a gross of $42 million over the weekend. Following are 
the Top 10 moneymakos, based on Friday: ticket sales, and 
estimated sales for Saturday and Sunday. Y.’ 


1 

Uass? 

£ 




). "Th* Uon King" - • 

l~3eeer 

1-Woff 

4 . -Wyatt 

8 “The PlInTztoncs' 

6. -Otv Slicker* II- 

7. -Mavertek.- 

8 -Getting Even WNti DacT 
9.-RanalsMTCe Mai" 
ia -TT* Cowboy Way” . 


tVOott Disney 1 
_ ( Tnuot t et h century Fan! 
fCdtomOio) 

(Warner Brothers) V 

lUnhmrsuir 

ICotimMa! 

(Warner Brothers) * • 

(MetnyColdwyn-MaverJ 
ITavettstone Pkstanul 
(Universal) 


SO mil Hon 

5IZ5 mfllkui 
5125 million 
S78'mBU0h 
' 56 mriBon 
MJmllBon 
-S35 mUDon 
*32 million 
SIX million 
.515 million 


rirj ti 


WORLD 


Agncc Frenoe Preue June 77 
CJomP rwv. 

Amsterdam 

ABN Amro Hid 57-40 5810 

ACF Holding 43.70 i450 

Aegon 9160 9320 

Ahold *350 *4.90 

Afcro NOtWl 190 1M 

AMEV 7050 70.10 

BolvWesaonen 36X0 36.70 

CSM 6*50 64.10 

DSM 124X0 123.90 

Elsevier 15820 152 

Fokker 15.10 15X0 

Glsl-Bi-ocnd« * 650 4iH) 

HBG 290 306 

Helrwken 21050 212 

Hqooavens 4750 69J0 

Hunter Douglas 71 72 

IHCCulond 36-10 36S 

inter Mueller 77 77 

inn Nederland 7* JO 75.40 

KLM ^,46 4550 

KNPBT 42.-W *370 

KPN 583° *9-60 

NrillOYd 4550 

OceGrtmen 72M 74.1 a 

Pakhoed g.?0 44.10 

Phinps 89-|0 50.10 

Polruram T2.|0 72.70 

Robeco ’10 'i*-» 

Rodamco 5* 57 Ju 

PoWco 1 16^0 1(7*0 

Rarenta 06-70 BS.90 

RiwiJ Dulch IWA0 19170 

Stork «5*> S 

Unilever >7? '61-70 

Van Ommeren 48.40 48» 

VijU IbS 1^7J0 

WoltW/^Uiwr 103M 104M 

EMJBdm: 377.» 

Previous '• M*J 


Brussels 

2560 2560 
7590 7590 
4450 44E5 
2«0 2175 
4030 *0*5 
23071 23300 


AG Fin 

Aimanll 

Artjed 

Barca 

BBL 

Bekaert 

CBR 

CMB 

CNP 

CocMrlll 

Cotoeoa 

Coiruvt 

Oeinate 

Etc ctrcmei 

Etvdraflno 

GBL 

GwSmS*I 

immaMi 

KrodWtbonk 

Mmane 

Pelrotwa 

Pavrerfin 

RecticBl , 

Raya to BflBB 

tec Gen Bona ue 


12125 12375 
2250 2225 
2030 7030 
179 1S2 

5620 5700 
7320 7*00 

1348 7359 
5510 5560 
3*65 3500 
1400 1410 
4075 4080 
0*60 9290 
4450 44*0 
3030 2950 

* 42B *S9 

1505 1510 
10300 1 0275 
2850 TWO 
499 460 
5030 4*70 

sec Bene**™-® 

Soc een BWuMue ,2135 91g 
Safina 
Sotvay 
Tevsenderlo 
Tractebel 
IJCB 

Union Minlere 
Waoons Lll5 - - ... .. 
corrwtf SrwcWM : ”*** 
previous : 740M7 


Frankfurt 

AEG 176180X0 

Alcatel SE L 3» »J 

Allianz Hold 2*72 CTB 

sjsr i« iss 

HASP 2*7-60 Ml- » 

Bov. Hyn flank 

Ba^venrtnstok 

BhF Bonk 

cSmUrtoank 30U0 XU 

Deatnsa 



*02 404 

43342850 
715 6*9 

39* 385X0 
747 773 


Oeutsaie r 


458470X0 
218221X0 

iBank ^46«i“ 

36*1 g 

RSS9 SJj 

Hereenec 
Henkel , 

HcchtW 
Hoecnst 
Holzmonn 
Horten 
IWKA 
■can sag 
kontadi 
b.ouHk»* 

K.HD 


MJ2PX0 
571574X0 
1020 10*0 
319X0 32S 
8*5 895 
210 215 

J4 035*2 

>32)3220 
U4 SIX 
478 483 

145J0 142X0 

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U.S. FUTURES 


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Fri icoenim MX7S ue TE 
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1 3X3": MD | .|5cp94 3.25 1X6 12Vi 324'x— OB*'.* 

I 3s6 lirvDec** 3-33 X3JI* 3J91, 122 — fiUCIVk 

I !S9V> ITS MO-94 3JS 33S*> 131“, 223'., — (LOT 

346-: i:il,Mav0S UI — (US’-! 

I 32iV. 327' i JJ 94 3X3 323 lie’-, ll*V:-<L061j 

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I ’ 20 £.«*’>JUIW 66 ?' t 4u'4 6XS 8UBV. 7L460 

?XJ 6J3 Aug9J 667 4*l'i 6X1 6X4V.-axa:i 71435 

TP'I i'7 5eo9J 60S 4S'.‘. 627 ,- S 140'-.-0C9'v 11496 

’ST 1 SSViNovM 62* 64J iXS'.i *28‘,— all’4 71*35 

6.1} J m*i 644’, 6*5’ , A37’t <2SU-ai1S| L3JI 

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; rr-« 4 71 .MOV 9J 6X7 5.S3 6« AAS’A-O.ID^ 1095 

.'a’-Y ill JuT95 4X6 A.4J l»'i 649 -009 1377 

62C- ; 5311, Nos »i 6’J’; 6.1’ 

Ei' -Ota N.A Fri’s. i vet y tie 
Fr. -.oner hi 145.6s' -v* 1521 
SOYDEANMEAL (CBOT) i!9wi. Mmea- 
TXCa 135.73 JJ 9* T93J0 W3T0 19060 1 9720 — UB 0871 

'SEX. Ana II I V3XO 19400 19MC l?74fi — IJto 19J9I 

ISCISStoW 193 00 193 JC 1=000 '91=0 —300 14239 

ISO COCd 9J 190X0 T9U23 iriO I5U0 -7.90 A«3 

ir*s5D*C»* :«9 2v 1 7820 l«6CO 187.90 —TOO 19,775 

I’iiOJanVJ IUT? I89JD 1M.K 13730 —120 ' ~ 

iraoeterfs wxc rs=xc irate inu —too us* 

•ft «>/=-, 94 190X3 *98 70 IWJO 1*820 -1.9J .4*8 

T»T:j>,*« 'NS 1 91 S3 IBB 1*920 — 1J0 417 

1.4 Ftp’s ICta I5.m 


6.10 4 10V: -035 1,739 


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7167 ClUrt* *’’5 

74 IQ 652303 9* *633 M.9S 

743C *'20 Drew 6*29 *2X0 

’l-s 6790F«ti95 BTS 4125 

Tim. *« 40 Aar 94 70 * 4 70« 

47 «l 44X0 Aug 95 67 a U.S0 

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nw 71.10 AW *1 JITC •’ ” 

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7294 Jan 96 7*re 7*84 
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1915 :.6U 

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MOOS ICMER.' w XC a, - i.- r. 

Sr A4J0JW1O f 15 ^'0 

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maFFC meSEJ .r.WD.-'.— ,1* b 
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iOJASeeM 104X3 17003 14150 

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1350 

1265 Sea 9J 


1416 

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1S70 

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87X0 

-8705 

. +IJ0 4444 

138X0 

89X5 Sep 94 90X0 *135 

90J0 

92X5 

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134X0 

91.10 Nov 4* 9115 9580 

9100 

•425 

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9*25 Jan 95 9600 0020 

9600 

9625 

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97X0Mcr 95 98X0 106X0 

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10673 

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| Fn’sapsiht 24X09 off 71 





Metals 



1 HI GRADE COPPER (NCMX3 2*000 

M-mhPVh 


H3.70 

7*10 Jun 94 109X0 110X0 

109 JO 

110.10 

—170 168 

11*35 

7420 Ju* 94 11090 11121 

10? JO 

1KUS 

— TX0 14X55 

11*75 

7*90560*4 HI JO 1 11.90 

109 JH 

hub 

— 1X0 3TX96 

11290 

7575 Dec 94 109X0 .110* 

188X0 

110X5 

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11130 

76.90 Jon 95 


109 jn 

—040. 329 

Hi JO 

73XOFHJ9S 


TO JO 

-060 532 

111X5 


rooJS 

1B2M 


109X0 

76X5 MOV *5 


H®J5 

—030 796 

108X1 

78X0X4+5 10720 10720 

10620 

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twxs 

—120 099 

108X8 

79.18 See 95 10*20 19620 

106X0 

106X5 

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lino 

75200095 


11000 

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772SNcw9s 


110X5 

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105X0 

300QCte95 


MUS 

-015 744 

92X5 

8UOJOI96 


1BU5 

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99X0 

6228 Mar 96 


MX 70 


no.® 

91.10 Apr 96 


TO40 

—040 74 

Ed. rate 15X00 FfTs-Scta 11X08 



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560X 

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470XJUI95 5700 5700 


555.7 

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63 5X 

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56 ur 

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638X 

539XDCC9S 507X 5B7.0 

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373.9 

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6160 

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S*L0 

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Fn-sanenirt 130,989 aft mu 








357X0 JW 94 *0200 402X6 

79400- 397X0 

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425X0 

3*8X0 Od *4 40*00 406X0 

399 JO 


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402X0 

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42600 

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F+aapeove 22X93 oft 55* 




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NCMX) 





3V/»JunM m JB J09J V 

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386XBJU94 


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341J0AW94 91X0 39120 

383.90 

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389X0 




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39630 

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308X0 

39970 

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40339 

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417 90 

780J0AO995 



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4T52B .414,90 

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412J0RA96 4I9J0 419X0 





4J3X04pr96 42*30 43*30 

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1 Fri'saaonM 162X30 W 23Z! 





Season' Season 
Htflti LOW 


Own MVi Low Obse Chg Oo.W 


RfSOPBlM 2X04X91 tp 2172* 

BRITISH POUND (CMS)) SMrpnV-lMrinMiWW 
1X5« - liNUpfl 1X53* 1X560 1X412 LSOD -92 38*01.1- 
1X5*1. ■ 1XSOODB5** 1X516 1X5*0 1X00 -IX*06 • -W 398 

1X400 LM40MO-96 ..... 1x39* _*q 97 

Ha.stfes NJL RfLMies 192*0 • 

Fmopenme »2i» up ** 

CANADIAN DOLLAR (CUER) wBr-i— nlnquomeaiai 
07761 LTOMSigM 07151 671 B4 67133 67112 ,22 36.349 ■ 

02670 ’ 67031 Dec 9* 07105 0.7135 07105- 07137 *22 2.7QJ 

07805 0J02DM»9S 07075 0705 0.7075 07097 *22 646 

67522 0X=90Jun95 0JW3 +22 149. •’ 

071(0 ■ 0X965S6P9S 07009 +22 59 . . 

Etf. sake NX Flft-xales 147* ... 

FrrsapanM 39X26 UP 3*9 


Financial 

U5T, BILLS (OMEN) t>«atan-pho< WnJ. _ 

VMS 94.61 Sep 94 +U0 9526. 9S.U 95X6.. - J3J99 

96.10 7625 Dec M 9UZ M<9-. «U0..M«f .UI 1773 

9504 91BMAT95 *641 -0JD 095 

EsL sales HA' RTLmre 
FrrsDOSnM 33X70 UP 2*5 

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701-18 Wl-» DK« WHI* 06S XQ 

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Frt’iepenkjr 1705* 7 up m . • 

W 7 JE-TREARS Y (OOT) .WBOBO 6 SPtanMW-O^ -- 
'15-01 rtt-l* SdPM 733-24 UN-12 HD-13 10+W * H VAM 

114- 21 TOW Dec M 1M. 24 10-12 10-17 103-12 ♦ 13 . 0*17 

111- oriaMB Mar9j - ■ “5 

TB-22 97-70 Jun»5 T ■ JJI-a * H’ ? 

101-06 W0-24 Sc 95 Wl-05 ♦ U 1 

Exr.iofcs KA. Fn't.SOto 82, U? - 

FTTsagenuU 237X57 uo « . . ■. . 

4&TREASUKT BOOSTS (CBOT) nBeMWfcWJJl* 54 "* - "*"" 
ll+» 90-1? Sc 9H02-11 100-11 WI-36 WTO + » *■•«* 

118-90 91-19 Det 9*101.21 102-17 W-OJ TO-H *• » «AD 

11+37 M-14 NutWWCi m-s w» -a ifli-2 * 5 ?■£? 

115- 19 50-15 JiinVULa; 101*05 1M» BWSr-S 1^4 

112- 15 *9-0o SC'S . - “Mp- ® ' *5- 

113- 1* 90-27 Dec 95 _ .. Jg-to ►. a Tt 

114- 06 7 va »or*6 * . 5 ■{* 

«a-)7 93-M Jun 9* • *** r . * .» . U 

Eg. Idas KA FfTLsoks 59X3 .... 

PrrtanwW *79X35- uu 17123 j 

MUNICIPAL VONDS (CBOT) MMBredjfrTOOMidMea 
«-)7 86-19 ScWOMW- IMS *-J6 «-«4 *. J 

TB-Z7 «-)» CetH - , •* ’ ♦».« . 1! -. 

En.ldK NX FrTs. l£6re 6J1* . . 

Rr 5 cornin' MM no *79 ' • 

EUJSJ00UJW7S (CMSft] ii fakc+MMext ' 

nX3ffSSaSep96 96750 TOTW 
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25X88 96240 MtP*S 9JJ» VXCO .&» ' t 22SS'- 

*6730 WTtoJBBtS 9l4W *3X36 "’SSHS 

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9670 *1 WQecJa . WJW ««» fum. . '*‘£■*2. 

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65(00 Sap 9* 

0X590 Dec 9* 0045 0053 0X311 0014 
64040 CLWOJun95 60*1 

Sc 95 6052 

6018 OXOMMorM 0046 6055 66346 0027 

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Frf'4 ownin' BUM UP .4811 
JAPANKS+EN (CMSD 


06329 

063361 


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60102000009UOMar960JDW20000!ll23Hlj5J017lOjn0174 
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67555 06<ODSCP9r -0750 07879 07533 67537 
67545 648*5 Dec W .07570 07(03 67554 67554 

67403 0.750 Am 95 -07400 

674*3 67-03 Mar 96 67877 67577 67577 07579 

^i«TOi NX pm. sales 3WB5 
FITS open In) 30447 up J19S 


•2 86712 
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♦ 7 13 

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(2.752 
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COTTON 2 (NCTN) ntOgN-cbivb. 


705 


84X5 5430 Jol 94 7690 

78X0 "77 30 Aug 94 

7B.M 5S XI 0394 7579 701 

7735 5948 Dec 9* 73.40 .753 

7415 42XDMW-95 74J0 74X 

7655 44.00 May 95 77 JO 7JP 

7175 - ' TOSIJdH .77X0 . 77X 

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73X0. 71X5 Dec 95 71.93 710 

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nnoseiM aid ott sen 
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5630 4680NOVM 5330 - -53X0 

*400 44X0Dec94 5*25 5425 

4225 4373 Jan 95 5*55 54 J5 

5875 47.95 Feb 95 5*00 5*00 

57J0 -47.00 Mar 95 51X0 5600 

55.CO • 4SJ3IADT95 

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47.40 Aug 95 
TOC Sep 95 

— 52X0CW95.-- - 

5290 52.96 Nov 95 

S62S 5378O0C95 


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19X4 

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1671 

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1*50 Sep IK I6W 
1*450794 1661 
1*82 Nov 9* 1644 
1*93 Dec 94 1638 
ISIS Jan 95 1625 
157BFeb95 1667 
15X2 Mar 95 1619 
VL55 Apr 95 1616 
15X9 May 95 1776 
1573 Jun 95. 1604 

lAJKJWW 1779 
16 14 Aug 95 

16285V 95 7605 "i «a» 
1 AC Oct 95 1631 tSS 
77.15NOV9S 
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17.15 Mar 96 
a- 1732 JUH 94 

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4*10 Art 9* 5690 W5 

4X90 Aug 94 J**0 54X0 

41WMPK £3- '5*40 

4xiooe294 ass sun 
4275 Nov 94 51 JO - S1J0- 
*}*0*e94 53X0 5570 

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1600 

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1775 

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fist 


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SIS "W.TODKN 6*4x0 457XJ Snn in* ■ *t ,s, *Mla.' ' 

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INTERNATIONAL HERALD TRIBUNE, TUESDAY, JUNE 28, 1994 


Page 11 


Mild Rallies 
lift Shares in 
U.K. and France 


Rough Ride for Fokker 

Shareholders May Face Tough Choice 


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Compiled by Our Staff From Dispatches 

LONDON — Share prices 
rallied Monday in London and 
Paris, but other European mar- 
kets were unable to sustain ear- 
ly recoveries from last week's 
sharp falls. 

Dealers said the dollar’s un- 


VnUever Defends 

Omo and Persil 

7?W Associated Press 

AMSTERDAM — Unilever 
Group went on the defensive 
Monday in the battle over its 
new laundry detergem, releas- 
ing test results it said proved (he 
soap did not damage the clothes 
it washes. 

Monday's announcement 
. seemed sure to start the public- 
relations punches flying a gain 
between Unilever and Procter 
<fe Gamble Co., which has 
charged that repeated washings 
with Unilever’s detergent, espe- 
cially at high temperatures, 
damaged fabrics. 

So far, the detergent has been 
introduced only in Europe, sold 
as Omo Printer in the Nether- 
lands ami Persil Power in Brit- 
ain. Since Procter & Gamble 
made its charges, Unilever has 
changed the packaging to in- 
clude the instruction that 
clothes should be washed at low 
temperatures. 


certain outlook was likely to 
keep investors wary. 

In London, the Financial 
Times-Stock E xchang e 100- 
share index ended with a gain of 
23 3 points, or 0.8 percent, in 
spite of weakness early in the 
session. 

In Paris, the CAC-40 index 
initially also lost ground, but 
ended the day up 024 percent 
at 1,911.60 points. Dealers said 
the French market had been 
buoyed by news that West Ger- 
man inflation Hari fallen in 
June, slipping below a 3 percent 
annual rate for the first time in 
more than three years and sig- 
naling a possibility of lower in- 
terest rates in Europe. 

Other major markets were 
weaker, however, except for a 
slight gain in Vienna. Stock- 
holm shares were off 2_5 per- 
cent, Brussels slumped 1.19 per- 
cent, and Amsterdam fell 1.14 
percent. 

The bond markets were 
mixed, with the yield on the 
benchmark 15 -year British gov- 
ernment bond falling to 8.54 
percent from a dose on Friday 
at 8.65 percent. In Germany, 
however, the 1 0-year bond yield 
rose to 7.12 percent from 7.01 
percent Friday, and the yield on 
the French 10-year bond rose to 
7.95 percent from 7.85 percent. 

Traders said the market may 
be going through a period when 
it will nave to adjust to lower 
levds for the dollar. 

(Bloomberg, AFP, Reuters) 


By Richard W. Stevenson 

New York Times Service 

LONDON — Fokker NV, 
the Dutch aircraft builder, 
may have thought its future 
was assured last year when 
Deutsche Aerospace AG, a 
unit of Daimler-Benz AG, 
agreed to acquire a 51 percent 
stake as pah of a plan to 
inject S500 million. 

But Fokker, which makes 
small commercial jets and 
tnrboprops. continues to 
struggle, and Deutsche Aero- 
space seems resigned to com- 
ing up with more money. 

Deutsche Aerospace also is 
seeking cash from the Dutch 
government, which owns 
about 16 percent of Fokker 
and considers the company 
one of the nation’s industrial 
jewels. 

More important for share- 
holders, Deutsche Aerospace 
appears to be considering 
selling new shares thro ug h a 
rights issue, a prospect that 
would leave current holders 
with a choice of having their 
stake diluted or investing 
more in a company whose 
survival may be in jeopardy. 

The extent of Fokker s 
problems emerged in March 
when the company reported a 
loss for 1993 of 460 million 
guilders ($257 million). 

The loss was in contrast to 
a profit of 20 million guilders 
in 1992 and included one- 
time charges totaling 365 mil- 
lion guilders to cover costs of 
offering discounted lease 


terms to airline customers 
and laying off workers. 

Chris Avery, an analyst for 
Paribas Capital Markets in 
London, said he was project- 
ing a loss for 1994 of 195 
million guilders, including 
100 million guilders in special 
charges, and a narrower loss 
next year of 60 milli on guil- 
ders. The company could re- 
turn to profit in 1996, he said. 

With demand from airlines 
having dried up in (he last 
several years because of the 
worldwide recession, Fok- 
ker’s output has dwindled 
steadily. This year it expects 
to cut production by a third, 
to 40 planes, and only half of 
those have customers. 

To market its planes in the 
face of intense competition, 
Fokker has been leasing them 
to airlines at deep discounts. 
As part of its negotiations 
with the Dutch government, 
Deutsche Aerospace has pro- 


posed a separately capitalized 
leasing company, removing 
the leases from Fokker’s bal- 
ance sheet. 

Deutsche Aerospace also 
has been trying to bring other 
partners into the leasing com- 


Fokker NV 

DaHy closing, in Frankfurt, 
in Deutsche marks. 



, F 'I'll ^ A 1 M 
Source: Bloomberg 


pany, including key Fokker 
suppliers such as RoDs-Royce 
PLC, the engine maker, and 
Bombardier inc. ( which 
makes the wings. 

The German concern also 
is crying to address the vast 
overcapacity in the European 
aircraft industry. Its execu- 
tives scoured Europe seeking 
partnerships and joint ven- 
tures with other manufactur- 
ers of regional jets, which car- 
ry 65 to 130 passengers on 
short routes, and of turbo- 
props, which usually seat no 
more than 50. 

Tbe Dutch company’s 
main product is its Fokker 
100 regional jet, which will 
account for three-quarters of 
production this year. 

Deutsche Aerospace has 
held talks with British Aero- 
space PLC among other com- 
panies, abouL cooperating in 
designing and building re- 
gional jets. 

Ultimately, Deutsche 
Aerospace has made it clear 
that it would like to create a 
European consortium for re- 
gional jets and turboprops 
modeled on the Airbus con- 
sortium, which builds full- 
size commercial jets. 

So far, however, other Eu- 
ropean manufacturers have 
bom cool to the idea. 


Italy to Pick 
New Chief 
ForIRI 

Reuters 

ROME — Prime Minister 
Silvio Berlusconi's government 
will appoint a team this week to 
head the state-controlled indus- 
trial holding company 1RI, giv- 
ing it the fo rmidab le task of 
cutting tbe group's losses and 
pressing ahead with its privati- 
zation program. 

The new chair man and board 
of directors for Istituto per la 
Ricos Lruzi one Industrial SpA, 
estimated to be Europe’s sec- 
ond-largest industrial group in 
terms of annual sales, are ex- 
pected to be announced at the 
company's annual general 
meeting Wednesday. 

Officials at Italy’s Treasury 
have not yet commented on 
possible candidates. But I talian 
media reports have named En- 
nio Presutti, a former executive 
of International Business Ma- 
chines Corp„ as the favorite to 
replace Romano Prodi, who 
quit as IRTs chairman. 

The new chairman’ s Gist task 
will be to press on with the sale 
of IR Ts tel ecommunications 
group, STET SpA, which is ex- 
pected to be sold off in the fall. 
Mr. Berlusconi's government is 
also eager for other IRI hold- 
ings such as the struggling state 
aimne Ali talia to be sold off as 
soon as market conditions look 
favorable, analysts say. 

The new board will face a 
difficult fight to stop the hem-_ 
orrhage in IRTs balance sheet 
Last year, IRI had a loss of 
1023 trillion lire ($6 biDion), 
compared with a loss of 4.4 tril- 
lion lire in 1992. 



Sources: Reuters, AFP 




Very brleflys 

• Compagnic de Suez said it might increase its stake in Lyonnaise 
des Eaux Domex SA to 18 percent or 20 percent from 12 percent 

• Unilever NV said it had agreed to acquire Gca SA of Argentina, 
a privately owned tomato-based products business with annual 
sales of $47 million. 

• Thomson CSF agreed in principle to acquire the industrial 
systems unit of Fenanti International PLC Ferranti has been In 
receivership, a form of bankruptcy, since General Electric PLC 
withdrew an offer to buy the company. 

• West German consumer prices, according to provisional figures, 
rose 2.9 percent in the 12 months ended in June, down from a 
year-to-year rate of 3 percent in May. 

• WPP PLC, a British advertising company, said sales had risen 3 
percent in the first five months of 1994 from a year earlier, 
boosted by results in Britain, Asia and Latin America. 

AFX, AFP. Bkmmberg 


Spain Grants VW Loan Tatra Shareholders Rebel Against High-Profile U.S. Managers 


. Agence Fnmce-Presse 
• MADRID — Spam’s offi- 
cial institute of credit Mon- 
day said it would grant 
Volkswagen AG a 5227 mil- 
lion loan as an advance on a 
future government subsidy. 

The agency’s chairman - 
Miguel Mumz, said that 
Volkswagen, owner of the 
troubled automaker Sotie- 
dad Espafiola de Autom6- 
vDes de Turismo SA, would 
pay a commercial rate of 


slightly more than 9 percent 
and that the cost would be 
about 6 billion pesetas (545 
million) over three years. 

VW will be able to use the 
loan, payable in mid-July, to 
clear up SEATs financial 
problems, Mr. Muniz said. 

VW has said SEAT might 
fail unless the Spanish gov- 
ernment gives it 50 bmkm 
pesetas to help compensate 
about 2£0Q workers. 


Bloomberg Business News 

PRAGUE — Gerald Green- 
wald, a former vice chairman at 
Chrysler Coxp. who came here 
last year to help reverse the for- 
tunes of a cash-strapped Czech 
trackmaker, is now fighting for 
his job. 

Shareholders of Tatra, the 
oldest truck company in the 
Czech Republic, are to meet 
Tuesday and Wednesday to de- 
cide the future of Mr. Gxeen- 
wald and bis U.S. management 
team, which indudes the former 
International Harvester Co. ex- 


12 Month 
Noh Low Bock 


ecutives David Shelby and Jack 
Rutherford. 

Czech shareholders and 
board members seem to have 
grown wary of the high-profile 
U.S. team and are concerned 
that the executives have not 
done enough to help turn Tatra 
around. 

“I think people do not believe 
any more mat Tatra wflQ recov- 
er,” said Ja rmfla Maresova, a 
resident of Koprivnice, where 
Tatra’s all-terram truck factory 
is located. “The management 


Div YM PE life High Low Latest Of B« 



still expresses optimism, but how 
realistic it is, I ao not know.” 

Tatra, with a work force con- 
tinually shrinking from layoffs, 
posted a loss of 22 billion koru- 
ny (577 million) last year, wid- 
ened from 650 million koruny 
in 1992. 

Mr. Greenwald, wbo helped 
engineer Chrysler’ s turnaround 
in the 1980s, now serves as tbe 
chairman of Tatra and heads 
the company on a rotating basis 
with Mr. Shelby and Mr. Ruth- 
erford. All three remain based 
in the United States — an ar- 
rangement that has upset some - 
Czech executives. 

‘This is the real problem we 
have: Tbe contract looks most 


like a consulting contract,” Jar- 
oslav Jirasek, a Tatra board 
member, said. 

Mr. Shelby defended the U.S. 
team’s commitment to Tatra 
and said the three executives 
would like to honor their two- 
year contracts. 

But the salaries of manage- 
ment also have drawn employee 
fire. Tatra has not disclosed the 
salaries, and the executives have 
said only that they were being 
paid less than they could make 
m the United States. The Ko- 
privnice newspaper, quoting 
anonymous sources, has repent- 
ed that each makes $30,000 a 
month. 

Mr. Shelby said the manage- 


ment conflict was beginning to 
hurt business. 

“Some new contracts may 
have been delayed until people 
gel a better fed of what wfll 
happen,” he said. “It’s obvious- 
ly created a great deal of uncer- 
tainly, which is not good for die 
company.” 

He defended Tatra as the 
country’s only Czech truck mak- 
er with a product that is market- 
able worldwide: Sane of Tatra’s 
trucks, which mainly were mar- 
keted for use in Siberia until the 
former Soviet market collapsed, 
also were used by the interna- 
tional allied force that fought 
Iraq in the Gulf War. 

Production, which was less 


than 200 trucks a month early 
this year, is expected to reach 
400 in the second half of 1994, 
although the unresolved man- 
agement dispute could threaten 
that, Mr. Shelby said. 


Claims and Deputes 
Against the 
United States 
Government 

PACE and ROSE 

ATTORNEYS AND COUNSELORS 
WASHINGTON O C 
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w Cal lancer E mer Growtn 5 I2ZJ9 

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w Cal tandrrF Spanish Pm 8379* 

v Callander F-US Heolfii Cdrei Jj fl 

w Callender Swiss Growth SF >«77* 

CAMPBELL (BERMUDA) LTD 
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CANADIAN INTERNATIONAL GROUP 
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d Cl E merg Martels Fd CS 14S 

0 Cl European Fund r* J .43 

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CAPITAL INTERNATIONAL 

w i.emfol mil Fund. 1 1J4S4 

tv COOl lO) tlOlW SA S 4 J 75 

CDC INTERNATIONAL 

w CEP Court Tertrai FF 17499982 

w &F I Long Tcrone F F 1517288*0 

CHEMICAL IRELAND FUND ADMINISTRA- 
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3S3-7U134S 

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w The Tdiow Sea invi Co i 10*3 

CINDAM BRAZIL FUND 

0 C Locum Eauttr Fund S I2»*lffl 

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CITIBANK ILUXEMBOURGI SJL 
FOB 1373 Luvemanirg Tel. *77 9571 

a CmnuesI Global Bono 1 9s.i; 

0 Clllhves) FC-P USD S 1313A7 

O cmnvevl FGP ECU Ecu 12*435 

a ci'inmi Selector j 1392^4 

0 CmwrrefKIesUSD 5 1*34*8 

0 CUKvrf endes DEM DM 14177 

d ClIICurrendesGBP C l*2A7 

0 CilicufrerK.ia V*n V U 4 OI GO 

0 Cl Upon NA Equity S 32S£9 

0 Cuban Canl. Euro Equity -Ecu 173.0) 

0 CiNpon ur. Euulr, l \ 33 j 7 

0 Dtlnort French e-Ml!f FF 133737 

0 CHIpon German Eau.l-y DM 9043 

0 C.uoon Joocn Eauitv Y 508380 

O CUlaort I APEC 5 22157 

0 Ciwoart Earvec 5 Ida. PS 

0 Cllipon tl A 5 Eorid 5 158.41 

0 Clruarl Euro 3rv>C Ecu 147 « 

0 M jugged Currency Fund _J 142 *5 

CITIBANK (PARIS) SA. 

i> cm 9* Cop gib — s 9.-?* oi 

1 cm Gld Avon Mils Fd S 

CITITRUST 

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COMGEST (33-11 *4 7a 75 IB 

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CONCEPT FUND 

a wam Global Hedge Fa 5 I0*«.*0 

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CONCERTO UMITED 

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COWcN ASSET MANAGEMENT 
Owen Enterprise Fund N.V. 

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wCrasiBShs 5 I7TOM 

CREDIT AGRICOLE 
INOEYIS 

0 liHM/K USA/S8P SCO S 1833 

0 IhdexlJ Jawn/NIHtel Y IBS3A8 

0 IndevitG Bret/FTSE, -£ 1158 

0 index is Franc*. CaC 40— _FF I3»J5 

0 indexIiCT FF 11*43 

MOtlA <15 

0 Court Termc USD 5 1*J9 

0 Court Termc JEM DM. 3892 

d Court Ter me JPY . Y 327005 

a Court Terme GBP 1 1337 

0 Court Terme FRF FF 13808 

d Court Terme ESP .Plo JM8S7 

0 Court Terme ECU .Ecu 1991 

MOSAIA 

0 AeiionsinriDiversideei FF 121.08 

d AcliorsNara-Amerlcalnes-S 2176 

c a diom Japonaue? t 194144 

0 Action? Anglo.ses l 110* 

0 Actions AllemonOes -DM 3839 

a Action* Francoises FF IISJO 

0 Actions Esp. 8 Part Pla 3470 w 

0 Actions Hal tonne-. LH 3*72*50 

0 Act-On* fiassin P'TclIlqiie 3 KM 

d oaiig 10)2 Diversified FF 1 1843 

0 Obiig Nord-*/ncncolnes— S .1857 

0 O&Hg JaoonolWS t 2328*9 

0 obii? Arouses -t 1122 

0 OOHb Altomcndes DM 3889 

0 OWIg Froncnues —FF 148al 

0 0 &II 9 Eic S Part Pla 3*3182 

0 001 to Convert Inlcr.i .FF 144.9s 

0 Court Terme Ecu _Eai 210* 

d Court Terme USD S 1738 

d Court Termc FRF FF 141*0 

CREDIT COMMERCIAL DE FRANCE 

0 Ely tees Monctalre .FF 903*137 

■1 Sam * encash USD B S 110)34 

CREDIT SUISSE 

a C5F °onas SF 

a Bond Valor Swl SF 

0 Bora! Vator US - Dollar S 

0 Bond uolorD-MorV DM 

d Bond Valor ren V 

d Bend Valor I Sterling _- t 

0 Convert Valor Swl - SF 

0 Convert Valor US - Dollar -1 

0 Convert valor i Sterling £ 

0 CSF lnlemution«___ .SF 

0 Actions Suites - SF 

0 CredlsSmli+MiOCaDSwlfilSF 

0 Eurooa valor. — F 

0 Enerole - Valor — SF 

0 PocHic- Valor F 

0 CS Giya vow 

0 CS 1 leer Fund— 

0 CS ecu Band A_ cu 

d CS Ecu Bund B cu 

0 CS Gulden Band A I 

0 CS Gulden BorM B Fl 

0 CS HIspowj 1 her 10 Fd A, — Plo 

0 CS Hlsaano Iberia FO B Pto 

0 CS Prime Bond A DM 


0 CS Prime Bond B DM 

d CS Europe Bond A DM 

0 CS EurOPd Bond B DM 

0 CS Fixed I SF V\ 1/94 SF 

0 CS Fixed I DM sib t'T* DM 

0 CS Fl »ed I Ecu 8 374% l r«4_Ecu 
d CS Swiss Franc Bond A_SF 
d CS Swiss Franc Band B_— SF 

0 CS Bara) Fd Lira a/b Ui 

0 CS Band Fd Pesetas a,b_Pios 18*8930 

0 CS Germany Fund A DM 

0 CS Geanarrr Puna B DM 

0 C5 Euro Blue Chios A DM 

a CS Euro Blue Chios B DM 

0 CSShcrt-T.BondiA S 

0 CSShort-T Bond SB S 

0 CS Shcrt-T. Bond DM A DM 

0 CS Short-T. Bono DM B DM 

0 CS Mont* Marker Fd S s 

0 CS Money Mark*! Fd DM— DM 

0 CS Money Martel Fd 1 1 

0 CS Manev Market Ftf W_Y 
0 C5 Money Martel FdCS — CS 
0 C5 Manev Murker Fd Eai_Ecv 
0 CS Money Mcrtft Fd SF — SF 
0 CS Money Mnrtwt Fd MP 1 _FI 1207.9! 
0 CS Mone» Martel Fd Lit — Lit 1212*3100 

0 CS Money Marker Fd FF—FF **«« 

0 CS Money Mormi Fd Pla— Ptos 
0 CS Money Mark*! Fd BEF -BF 

d CS Oeko-Proiec a dm 

0 C5 Oei o-Prolec B — DM 

0 CS Ncrth-Amefiean A S 

0 CS Norm- American B— S 

0 CS UK Fund A 1 

0 CS UK Fund B £ _ 

0 CS France Fund A Fr 

0 CS France Fond B FF 

0 CS Eurareai DM 

0 CS Italy Fund A Ul 

0 CS llalv Fund B Lit 

0 CS Net hen and* Fd a fl 

0 C5 H el her ton* Fd B_ .FL 

0 C5 FF Bone i — FF 

0 CS FF BM B FF 

0 CS Caotlal SFR 2000 SF 

S CS Caoilal DM TWO DM 

0 Cl Capital DM 1997. DM 

0 CS CCPIW EG) WOO — Ecu 

0 CS CaoitOI FF 2X» — _ FF 

0 CS Jason Megatrend 5F R—SF 
0 CS Jason Megatrend Yen — V 

0 CS Pern Inc SFP A 5F 

0 CS Portl Inc SFR B SF 

0 CS Pont Bal SFB SF 

0 C5 Portl Growth SFR 5F 

0 C5 PorM me DM A DM 

0 CS Peril inj DM B DM 

0 CS Pom BOI DM —DM 

0 CS Peril jiowni DM DM 

0 CS Port; ln« U55 A J 

0 CS Part) UK USX e 4 

0 CS Parti BC USS — 5 

d CS Parti Grewih USS S 

0 CS Pori ine lUre) A/E Lll ^5223 00 

3 CS pent Bal ILUe. A-B L« 9*2S8 L00 

0 CS Portl Gr* (Lire) A- B LK 9)7394.00 

0 CS Ea Fd EmergMVH S 

0 CS Ed Fd Small C OP USA — 5 

0 CS Eq Fd Small Eur DM 

a CS Ea Fatal America S 

CURSITDP FUND 

0 Curgllsr Ecsl Auan Ea S HW99 

0 Cjrglior OiU Gwlh 5ul>-rd J 101.18 

DARIER KENTSCH GROUP 
Tgl 41-22 708 ** 37 

0 DM MO»r Markets Fund — SF 9750310 

0 DH l/andarln Portfolio SF 9*390) 

0 Hentsch Treasury Fd SF 92200) 

0 Sctnural Portfolio. SF 3 1 2-50 

DISCOUNT BANK GROUP 

ivMuDICurr 3tnB. SF 13*728 

w DalrtU Bara) — 5 11385* 

w Eurorai Eaulti EG) 121 'JO 

IT N. America Eou-lv 5 1411.43 

iv PcdllC Eaulfy ... — S 12319* 

D(T INVESTMENT FFM 

a Concxn'ra + — DM *99* 

0 lari Rerdenfond * Df* . *iI7 

DRESONER INTL MGMT SERVICES 
La Touche House - iFSC - Dublin i 


DS3 Thornton Lai ; 
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GUBIN A SWIECA ASSET MANAGEMENT 
Tel : (BOfl 9*S MM Fat : isfikl 9*5 I48E 
b High Drt doe Cnonal Coro — 5 1 1 * 9*54 

m Overlook Porlcrmence Fd-S 702 1 K 

m Pacific RIMQo Fd _i )fi*3«E 

EOC FUND MANAGERS I Jersey) LTD 
1-JSBato 5>. SI Heller : 053*2*3! 

EEC TRADED CUPP ENCY FUfiD LTD 

0C3Wtd S 7*MI 

d Income — — — 3 I829J 

I NT EPNAT! DUAL INCOME FUND 

0 Long Term J Jl 1432 

0 UK79 Term - DMK DM 10* 735* 

Irmita&e Luxas-wnsai 

wErmltwe imer PdeSiroi-DM iOJC 

w Erm. lege Seu Fund — — S 619* 


HVTERNATIOIVAJL HERALD TRIBUIVE, TUESDAY, JUNE 
— ADVERTISEMENT " 

INTERNATIONAL FUNDS 

fr^Utior-MtppE-dbTtundsbto-ANM,^ 

TUB IP vT|i^T-MohM^o>BBNeNWB>WN { <lRHBMWfc*W.<Jt»W‘»W*»»W’»«^iW htl, *W> ««»»*»»»«» 


28 , 1994 


June 27, 1994 


* crmltoa* aswi hmbb Fd-J 

iv Ermiwge Euro Hedge Fd„pM ;i-* 

wErmiioge Crosby Asia Fd—J I 8 .J* 

vyErmltaw Artier HiJgFO- — s 
n Erm itcyc E rTrer Jt-* ,4 *° 

EUROPA FUNDS LIMITED 

d American Equity Fund 5 *4t'S 

5 American OpHon Fi — -A JiJ-o 

w Aston E gully FC— 4 '**^7 

iv Eurooegn Eauitv Fd— -— . 5 11U3 

EVEREST CAPITAL IB08)»3 BOO 
.-nEveresl Caeifai Int) Ltd — s iJ8v4 

FIDELITY INTL INV. SERVICES ILux) 

0 Discovery Fund 5 I9~i 

0 Far Eosl Fund- S |*J? 

0 Fid. Airier Assert 3 138*; 

0 FUL tuner Values IV— 8 ll2*9*xy 

tf Frontier Fund S 34*5 

0 GloMl Ind Fund 3 1U8 

a Gunn selechan Fund s 27.9* 

0 New Europe Funa » U7* 

0 Orient Fund 1 i3~Je 

0 Special Growth Fund S 4)Ju 

0 World Fund 1 HA2 * 

FINMANAGEMEHT 5 A-Limno(*l J1/2J97I71 

■* Della Premium Corn. S (20800 

FOKUS BANK Ai 472 423 5*5 
w Scanimd) inri Grotyin Fd-A _ 
FOREIGN & COLONIAL EMERG MKTS LTD 
Tel ; Louden 07U28 123* , 

0 Argenilmon Invesl Co 5kzM y*£: 

d Brazilian invesl Cd Siccv —5 -5—5 

0 Colombian invesl Co 5:cov_s ii- J 

0 inoton inresi Co Stogy- s i'»3 

0 Latin a mer Extra Yield Fas 10 03*3 
a Latin Ainenco incarneCd-S 10.CC 

0 Lohn Arnertean ln«es! Cfi— 5 9.7* 

0 WAxICOn Irrrefl Co StoOv — 1 34.3- 

a Peruvian in ml Co Sita»-J 5- 

FUND MARKETING GROUP (BID) 

P.O. Bon 7001. Hamilton. Bermuda 

mFMG Global 131 Mart A 13^7 

mFMG N. A mer. 131 Mcv ) — 5 I0.ii 

mFMG Europe 131 Moyi S 10 J3 

BlFMGEMDMKTlJlMffflO l'.f 

irFMGG UlMoyl 1 ».*S 

FX CONCEPTS (BERMUDA) LTD 

w Concerns Forex Fund S 1057 

GAIA CURRENCY FUNDS 

1 * Gala Hedge 11 s IC.« 

IV Goto Hedge III S '5*8 

w Gad Swiss Franc Fd .SF <7.*( 

iv GAIA P« S 13*J9 

mGato Guaranteed Cl. I S 84 J* 

m Go to Guartmieed CL H 5 *3- 1 

GARTMQRE INDOSUEZ FUNDS JVM/94 
Tel : £387) 4* 54 2(470 
Fan : <35314*54 23 
BOND POPTFOLIQS 

0 DEM Bond Dis 5-55 DM Ldi 

d DiverttoMl— Disl*6 — -SF 1C2 

0 Dollar Bund Dis in 4 1** 

0 Eurooeon Bd__Dii 1.14 — -Ecu I^T 

0 French Franc— DU 111A5—FF \ZJ2 

0 Global Bond Dis 2 1 1 S 143 

EQUITY PORTFOLIOS 

0 ASEAN * 839 

a Asia Pacific 5 437 

a Cenllnenlal Europe Ecu I2» 

0 Devetobtng Markets 5 3*5 

0 France FF 10.4' 

0 Germcny - — DM 5— 

0 Internoitonal 5 3J7 

d Japan f 29 U» 

0 North America 5 2-57 

0 Switzerland SF SJT 

0 United Kingdom — -t 141 

RESERVE FUNDS 

J DEM— . DU 5*37 DM 831' 

0 Dfflktr^ DI-.7SPA -5 21*7 

0 French Franc FF ilSi 

0 ven Reserve. ~Y 2380 

GEF1NOR FUNDS 

London:?! -499*1 71^*reva:4l-22 73555 JO 

wScotllsh Work) Fund 5 *51*733 

w Stale Si. American 5 3*897 

GENESEE FUND Ltd 

w(AI Genesee Eagle _s I4WJ 

w(B) Genesee Snort s «JU* 

w iCt Genesee Onsortwury —S 1S7JJ3 

w IF) Geneseo Nan- Equity 5 1*4.19 

GEO LOGOS 

■v II Straight Band B Ecu 10*83* 

w II Pacific Bond B SF 1393J4 

GLOBAL ASSET MANAGEMENT 

OFFSHORE FUNDS 

11 Athol SifiauatasJ ef Man <8*3 *-0*037 

wOAAWrtai S **183 

w GAM Arntrnge 1 *M.9e 

iv GAM ASEAN —5 *2110 

tv G>AM Auslroha 5 II7J7 

iv GAM Boston - S 31891 

/nGAM-Carglll Minne tonka __S 1025* 

iv GAM Combined DM 1289) 

w GAM Cross-Mart rt 5 ice** 

w GAM Europeon S 3898 

» GAM France FF 171801 

ir GAM Franr-val SF 254*0 

i> GAM GAMCO i 21187 

iv GAM High Yield 1 158*5 

w GAM East Asia s 7082* 

w GAM Jaoan 1 911.47 

w GAM Money Mfcts USS 5 10183 

0 Da Sterling c 1B117 

0 DO Swiss Franc SF >017* 

0 Dp Qevtschemcri DM 102*6 

0 Da Yon Y lOOJtM 

m GAM Allocated MID-Fd S 141.91 

wGAM Ernerg MkrtMlJl-Fd-S 1*270 

■v GAM MIH-Euraae USS S 125.92 

w GAM Min-Eurace dm dm 128*8 

■V GAM MTti-G total USS 1 174 90 


iv GAM Combined DM 

iv GAM Cross-Mart rt S 

w GAM Europeon 5 

w GAM France FF 

IT GAM Fnur-vn l S F 

n GAM GAMCO - — -5 

■v GAM High Yield 5 

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0 Do Sterling — -[ 

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w GAM Ernerg Mkfe Mltl-Fd _s 

•vGAM Mlll-Euraae USS S 

tv GAM MM-Eurace DM DM 

■V GAM MDi-G total U5S 1 

tv GAM MU LOS S 

iv GAM Trading DM DM 

w GAM Trading USS S 

w GAM Overseas _5 

iv GAM Podllc S 

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» GAM Selection -5 

w GAM Snaaaare/Matovsto -5 

iv GAM SF special Band SF 

wGAMTvcne S 

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w GAMUT investments — 5 

rv GAM Value 1 5 

iv GAM Whitethorn S 


iv GAM Trading DM —DM 125.13 

w GAM Trading USS S 1*5.97 

tr GAM Overseas— _3 14179 

iv GAM Podllc S 931 Ji 

w GAM Relative Value S 107.91 

» GAM Selection —5 4183! 

iv GAMSJngaaore/MotaYsto-3 70*73 

iv GAM SF Special Band SF 129.43 

ivGAMTvdie S 33S87 

Ur GAM Ui — _J 197.99 

w GAMut investments — 5 B90JI* 

iv GAM Value S 129-50 

iv GAM Whitethorn S I9SA4 

w GAM WorKhvtde 5 47174 

w GAM Band USSOrd J 14191 

IV GAM Bond USS Special S 18*27 

W GAM Bond SF SF 9941 

w GAM Band Ven ,V 14*1*00 

wGAM Bond DM -DM 118*2 

W GAM Bond t _I 15387 

iv GAM (. Special Bond — c 135 46 

w GAM gnlversd USS S 15008 

w GSAM Composite S 335JM 

SWISS REGISTERED FUNDS 411-422 2424 
MuhietactDtrasse in.cn BlXtcZurich 

0 GAM (CM) Eurooa SF 9157 

0 GAM ICH) Mondial -5F 162.94 

0 GAM ICH) Pacific _SF 28759 

inasnss £«»» 

w GAM Europe- S 8*51 

W GAM Gtotal 5 151.72 

i> GAM International S 290*4 

w GAM North America S B*.98 

vrGAM PocIfJc Basin S 1951)3 

IRI5H REGISTERED UCIT5 
Earlsfort TerraoeXtoblln 2 3S3-W74(W30 

ir GAM Americana Ace DM 8X27 

w GAM Eurooa ak. DM 12X17 

■V GAM Orient Acc_ — — —DM 15893 

w GAM Tokyo ACC —DM 18232 

nr GAM Tala) Bond DM Acc DM 100* 

nr GAM Universal DM acc — dm 175JS 

GLOBAL CAPITAL MANAGEMENT LTD 
Bermuda :(8D9) 2754000 Fax;(SB9l SHAW 
JWH GLOBAL STRATEGIES LTD 
w (A) Original toveshneni __S 105 JB 

» tCI Finondol 8 Mews 5 158S7 

w(D) Global Diversified _S 119J3 

» (F) G7 Currency 8 8853 

iv (HI Yen FlncnOal S Ittll 

w IJ) Dlversitlea Rsk AOi 5 12153 

w 1KI Inti Currency 8 Bond— 3 1S*9 

w(L) Global Flrxmaol — S ID0JX1 

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GLOBAL FUTURES 8 OPTIONS SICAV _ 
in FFM Ini Bd Pragr-CHF O.SF 9443 

GOLDMAN SACHS „ 

iv GS Adi Role More Fd n — s _9-2J 

mGSGtobat Currency 8 123882 

w GS world Bond Fund — . — S 10.12 

wGS World I natoie Fund S *X£ 

GS EQUITY FUNDS SICAV 
w G5 Euro Small Cap Port — dm »5J1 

w GS Gtcbal Eatofv — S ’tjf 

w GS US Can Growth Pori s 1328 

w GS US Small Cop Port — _S )02« 

* GS Am Portfolio —5 997 

GOTTEX FUND MANAGEMENT 

nr G. Swtto Funa —Ecu 1157.46 ■ 

GRANITE CAPITAL INTL GROUP 

nr Granite Cccila) Eauitv 5 C.9:«3 

wGranlleCapiiolMk I Neutral* 0.7*7* 

wGranlle Caoiim Montage _5 07*27 

GT ASSET MANAGEMENT (IRELAND) LTD 
Tel : 1441 71-710 45 67 

0 GT AJSean Fd A Shares 3 75 (8 

0 OT Asecn Fd B Shares 1 7528 

0 GT Alia Fund A 5harcs— _S 2*39 

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0 GT Anon Snan Camp A 5.1 S ILK 

0 GT Asian Small Como 9 ShJ 19.'S 

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0 GT Austr Small Ca 9 Sh—A 2725 

0 GT Barry Japan Fd A Sh S 3*8'. 

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0 GT Bona F<J A Shares S 19J7 

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0 GT Dolto- Fund A » S 32*5 

d GT Dollar F«id B Sh — .—9 32.IS 

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0 GT Hgng Kang Fd 3 ShcresS 7821 

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>v GT JOP QTC SKV3 Fd A Sh* >*21 

iv GT JOo OTC Stocks F0 3 Ml* '.*-3 

wGT JasSnsllCd FdASh— 3 '855 

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0 GT Strategic Bd Fd B Sh S 845 

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r GT Tfchnologry Fund A Sh J 5IA7 

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GT MANAGEMENT PLC (M 71 71045 *7) 

0 GT. BioleavHealm Fund— * 194! 

0 G T. Devlscnland Fund. 0 12M 

0 G.T Europe Fund S 4841 

w G.T. Global Smell Co Fd S 295* 

0 G.T. Invertrani Fund s 14*3 

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»OT Htvi) indCawir Pd_3 *201 

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GUERNSEY CAPITAL MANAGEMENT LTD 

f '3 CM Gtofcdl » Ed 3 )£75) 

GUINNESS FLIGHT FD MNORS IGrurr) LM 
GUINNESS FLIGHT GLBL STRATEGY FC 

0 Manggofl Currency 3 r>A3 

d G local Bond J 1137 

0 Global man income Bang 71.9S 

0GIII4iaoral L_: 7C44 


0 EWO Hhm Inc Bond — t 7{i7 

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0 Aitwrteen Biut.Ow -j ,5* 

a Japan and Pwie * 

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GUINNeSVu&HT INTXAKUM F& 

0 DeufsOirmart Monei_ — DM 

0 US Dollar Money S 3gJg 

0 U5 Dollar HISl Yd Sono—S &K 

0 infi Be tented Grth S SL7B 

KASENBICHLER ASSET MANGT GeSuOhH. 
w hoetttWf Com AG i.. * 7617 Jw 

w MosanbicMer Com inc 5 131 IP 

SSfei===s Jsa 

H»F FINANCE-TeH3M)40744«58F« W4MS 

w Mandinvesl euraoe .FF 1177.16 

m Mona invesl CraiSJOncf FF IJIO^ 

wMoftSinvest Cmo ;nties FF 13S.«1 

m WBodttvesr Emorg Grow18FF 1UU8 

MrMondinvn} PirtufW — 

HEPTAGON FUND NV (578WUJSSI 

1 hhjJotxDlB Fun4— — S W-W 

mHeataon CMC Fund SNA 7840 

HERMES ASSET MANAGEMENT LTD 
BSXSto! ( 909)295 4000. Lux : <352i«4 « 61 
Fmoi Prieti . — - 

m Hermes Euraaeqn Fund — Ecu Mill 

m Hermes North AmenoaiFflS 29257 

m HermeS Asicei Fund J » M 

ns Her me* Ernerg Mkts Fund J 121.20 

m Hermes strategics Fund — s ««£ 

m Homes Neutral Fund * HIM 

mHermes Siotal Fund S ,***5 

m Hermes Bend Fund — Era 1MJ4 

ui Hemes Sterling Fa £ tkm 

mHermes Goto Fund * 4I5A2 

INCOME PARTNERS (ASIA! UMITED 
w Aston Fixed Income Fd_J 18410 

INTER INVEST (BERMUDA! LTD 

Cto Bank oi Bermuda. Tel : SIN 295 4080 
mHKSeHMiCcmervtRj-S 9A8 

INTERNATIONAL ASSETS FUND 

2 Bd Royal. L-2«49 Luxembourg 

ii E ijrnrr Slid F -Fm 9L33 

INTERNATIONAL MGMT INCOME FOND 

a Americue du Nor c 'ff-*? 

d Europe ConinKfiraie -DM 191.43 

C Ertremc Orient ArgiasaxsnAS 1COA1 

a Cfrtf UT* P P 

3 itol.e L" 

e 2 me Lsranque v 1003200 

INVE5CO INTL LTD. FOB 271. Jersey 
Tel. *4 534 DU* 

0 Mavimum income Fund— c 89*90 * 

0 sterling Mngd PW .£ 271R) 

0 Ptoncer tJbrtert £ 5- P70 

0 Clcsan Gtotal Stralegv * 17A2D3 

0 Asia Super Oraxrth I * 24.1700 

0 Nlppcn Warrant Fund 5 2*®0 

0 Asia Tiger Warronl » A 5W0 

a Eurooeon Warrant Fund S 29700 

0 Gld N.W. 1994 5 9-6HQ 

PREMIER SELECT FUNDS 

0 American Grawlh S 81*00 

0 American Enterprise S 892C0 

0 A»o Tiger Growth— S 118400 

0 Dollar Reserve S SAW) 

0 European Growtn J 5.1500 

0 European Enlerprtse _ — 5 82900 

0 dotal Emerging Markers _i BJ500 

0 Gtotal Growtn 3 £4469 

0 Nippon Enterprise 5 84500 

0 Niwon Orowlh * 55*00 

0 UK Growth. 5 5J900 

0 Sterling Reserve- c 

d North Amerlcaq Wcrroffl— S *1700 

C Grenier CWno Oops 5 7.1900 

IT AL FORTUNE IHTL FUNDS 

Vf Class A (Aggr. Growth ItaLIS 80(1200 

w Class B 1 Gtobai Equity I — * lljq 

w Class C IGitaal Bcndl S 110* 

w Class D 1 Ecu Bund) ..Ecu 1883 

J ADDING FLEMING. GPO Box <1448 Ha K« 

0 JF ASEAN TruM. 8 5U4 

0 JF Far East wmt Tr J 2239 

0 JF Global COfiv. Tr. * 1403 

d JF Hang Kong Trust. —3 nm 

0 jf Janan 5m. Ca Tr r s**02da 

0 JF jaoai Trust Y 1333100 

d JF Malaysia Trust — S 7*71 

a jFPadiieinc.Tr s 1217 

0 jf Thailand Trus__— 5 1520 

JOHN GOVETT MAMT (I DM.) LTD 
Tel: 44A24 - 47 94 20 

w GcveN Man. Futures _—C 1274 

wGmrnlt Man. Fuf. USS 5 5 J? 

iv GovetlS Gear. Curr S 1273 

wGovetl * GIM BoL Htae S 189029 

JULIUS BAER GROUP 

0 Baerbond— SF 88725 

0 Contar SF 1744*5 

d Eaulboer America £ 

0 Equltaer Earaoe, — SF 

d SFR • BAER SF 

0 Stock bar SF Z30SJ2 

rfSwtesbar SF 388839 

0 ■ < 224700 

0 Europe Bond Fund -Ecu i**JM 

0 Donor Bond Fund. 3 128*0 

d Austro Bond Fund AS 125*00 

d Swiss Btad Fund SF 119*0 

0 DM Bond Fund DM 117 JO 

0 Convert Bond Fund SF 9230 

0 Glcoal Band Fund. DM 8840 

0 Euro Stock Fund Ecu T2SJ0 

0 US stock Fieri 5 12870 

0 Pad! IE stock Fund J 12*30 

d Swiss Stock Fund. SF 15830 

a Saedm 5wta Stock SF 13850 

0 Japan Stock Fund- v 1002800 

d German Stock Fund DM 59.48 

0 Korean Slock Fund J 9210 

d Swiss Franc Cadi—— SF I2C80Q 

0 DM Cadi Fund DM 

0 ECU Cosh Fund -ECU 

0 Storllng Cash Fund 1 

0 Dollar Cash Fund S 

0 French Franc tan — FF 

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Kl McS^AMrr MANAGEMENT INC 

mKIAsia Pacific Fd Ltd J 11.12 

KIDDER. PEABODY _ _ „ 

a Chesapeake Fuad Lid S 28KJ.IO 

gi^ ^Fund— f !wj» 

LE S HMANBROT>l CHS 34M41M ' 

9.5 

0 Global Advisor, II NV A— S 1039 

d Global Advisors II NV B— S 1829 

0 Gtotal Advisors Port NVAJ 182* 

0 Gtotal Advtoor, Part NVB-S 1818 


0 Gtotal Advhora Port NVB-S 1818 

a Lenman Cur Any. ArB * 7.92 

d Premier Fuiuras Adv a/b _s 9 . 9 * 

LIPPQ INVESTMENTS 
24/ F Ltooo Tower Cenlrc. 39 QueenswpyJtN 
Tel I8S21 947 *®8 Fox (452) 594 0388 

w Java Fund * 938 

wAseta Fixed inc Fd S Mil 

wlOR Manev Martel Fd S 12*0 

vr USD Ataney Market Fd — s 1058 

iv Indonesian Growth Fd 3 1938 

irAitot Grow**) Fund * 102 

w Asian warrant Fund- * 433 

LLOYD GEORGE MNGMT (8S2J MS 4*33 

iv Antenna Fund — S 1777 

iv LG Aslan Smaller Coi F0_S 193307 

w LG Indio Fund Lid S 1538 

w LG Japan Fd * 1895 

LLOYDS BANK INTL (BAHAMAS) Ud 
Ltorcs Americas Portfolio (BWi 32241711 
ivBotenced Moderate RIskFo* 948 

LOMBARD. ODIER A CIE - GROUP 
OBLIFLEX LTD (CJ) 

0 Multlonencrr S 3158 

0 Dollar Medium Term— S 7*82 

c Donor Long Term S 2031 

0 Joccnsse Yrn Y 49*u0 

0 PauiWSlerllng— 1 3814 

0 Deirtscne Mark DM 1787 

0 Dutch Florin Fl 1 139 

0 HY Euro Currencies —Ecu 1544 

0 Swiss Franc— SF ill* 

0 US Dollar Short Term 1 1188 

0 H Y Euro Curr Dtvld Pay — Ecu IT. 13 

0 Swiss Mi^Pfi^irfftrr . . sf 1452 

0 European Currency ..-Ecu 220* 

0 Belgian Franc.. — BF 115.05 
d CcnveriiMe * 18*1 

0 French Franc FF 15544 

0 Swhfl MullFDlvidend— -SF 94* 

0 Swiss Franc Shcri-Tenn — SF 107D» 

0 Conxuan Dollar — Q WP 

0 Dutch Florin Multi F> 1447 

0 Swiss Franc Dixid Par SF >0*4 

0 CAD Multi CUT Div— C5 72JS9 

j Mediier ranee Curr — 5F 18» 

0 Convertibles SF 939 

MALABAR CAP MGMT (Bermuda) LTD 

inMotobor Info Fund 5 1895 

MAN INTERNATIONAL FUTURES 
m Muir Urnttoff - orcfnaiv - — S *3*4 

mWn) Limited • wc j cic— — 1 1309 

ruvunl Gh) Ltd • Seed Issue— 4 2730 

m Mint Gld Lid - Nov IOT2, S 2203 

mv.jd GtlLtd - Dec 199* s 'aw 

.■nMin: Gta Lie - Aug 5 15.15 

m.V.int GW Carrercies — * 745 

rtVJr! Gld Currencies 2901 — 1 740 

roMmtSa PesLtolBNPI 1 10137 

mAIWfiw Gld Future* -* 1834 

<7?4ffictto Gfd Currencies- __ J 895 

m Athene 5id Financial, Inc-S 1029V 

dAfiera Gld Financials Can 4 1157 

mAML COUtal nwasFd J 1338 

tnAJHL CsrmtiMCfy Fund * 10*5 

C1AHL CmrenST Funa .4 9.IJ 

mAHL Reel Time Trad Fg— 5 1827 

m*HL Gte RetH Time Tro S 1838 

B1 AML Gtd CO Mart Ltd—* 1034 

unites G'/arwdeed ww lm_i 880 

m.Vja LrmraM Recw. LW4 l)J7 

mVAP Guorantoed 2ffi» — _.s mao 

m*Ainr G GL Fin 2983 * 843 

m Mint Pius Gtd mo s lOJU 

MARITIME MANAGEMENT LTD 
73 Front SI Hamilton Bermuda IRffm 9789 
W .Maritime Mit-sedor i Ltd J saun 

w Men time GIW Bela Ser«,_* B1929 

iv Mcrdime G)W Dettp Series 4 (8043 

MATTHEWS INTERNATIONAL MOT 
EMERGING ASIAN STRATEGIES FUND 

m Class A 1 11734 

0 Class B * 11*33 

PACIFIC CONV STRATEGIES FD LTD 

m Class A ■_ — S 9743 

0 Class B * 95. 79 

MAVERICK (CAYMAN) (809) 9*9-794] 

.-dAtexarlCh Fd -JS 151.1743 

MCKINLEY CAPITAL PAR THE RS. LTD 

m Tbe Ccrsolr Fivri LM * 74XS 

MEESPIER50N 

Rswin K 10T2U. AiraJrrdOffl (205211101 
w Asia Put. Growth FdM.V._A CL02 

B-AshriConnai Hotdinos — _1 41J1 

w Asian Setortton Fd N.V Fl 9935 

w op a mer. Growtn Fd N.V — * 3S*1 

nr tvs Oftencre Fd N.V. Fl K 24 * 

W Eurouv Growth Fund N.V. -Fl 4X03 

w Jawsn Diversified Fund S 5131 

w Leveraged Coo Hold * 6003 

wTakrePoc Had. N.V s 2*048 

MERRILL LYNCH 

d Etoftor Assets Porttolle * 140 

0 Prime Rote Portfolio 4 1040 

MERRILL LYNCH SHORT-TERM 
WCRLC INCOME POST FOLIO 

0 Class A * 0*0 

0 CteSSfl— -3 840 


GU?BAL CURRENCY BOND SCRIES 
AUSTRALIAN DOLLAR PQPTFOLIO 

0 CatworyA— — M 

5 Cc rotary n 

Canadian dollar portfolio 
d Category A — C* 

COfiPURATE HIGH INCOME PT FL 

0 Class A-l S 

0 Ctoss A -2 S 

0 One B -l 5 

0 Qg n B-2 — X 

DEUTSCHE MARK PORTFOLIO 
0 Category A .. — , DM 


1 IJPOPEANBOND PORTFOLIO (DM1 

flCBMA-In ■ T 

0 089* A-2 4 W35 

0 doss 8-1 * 141* 

0 Class 0-2 5 15J2 

EUROPEAN BONO PORTFOLIO (USS) 

0 aasiA -1 DM 1M 

0 00*9 A-2 DM 'JZ 

0 OaSS B-1 S ,JA3 

0 Class B -2 » 10.17 

POUND STERLING PORTFOLIO ^ 

0 Category A 1 »J 8 

0 Cmevory B i 1532 

US DOLLAR PORTFOLIO 

0 Category A, S ]3S* 

0 Certogarr B S I11B 

YEN PORTFOLIO 

0 cateuotv A V 1295 

0 Category B— — — — — — Y 124* 

MULTI CURRENCY BOND PTFL 

0 C/OM A 5 71-® 

0 CtossB- * 21JS 

US FEDERAL SECURITIES PTFL 

0 C toss A 5 M7 

d Class B S 943 

MERRILL LYNCH 

EQUITY t CONVERTIBLE SERIES 

BASIC VALUE PORTFOLIO 

0 CICSS A — — S 1430 

0 Clan B 1 1484 

CONVERTIBLE SECURITIES PTFL 

d Oca. A— S 14.15 

0 Cion B * 7174 

GLOBAL ALLOCATION PTFL (USS1 

0 CUtSA— * 18« 

0 cion B 5 1838 

GLOBAL EQUITY PORTFOLIO 

a Class A _ — * 1J2 

0 Qua B * 939 

EURO EQUITY PORTFOLIO 

0 CIOS* A_ S IfM 

0 Class B * 1239 

LATIN AME BICA PORTFOLIO 

0 Class A * 1445 

d Clan B — . -5 '*35 

WORLD NATURAL RESOURCES PTFL 

0 Class A S HAS 

0 Class B S HJ5 

DRAGON PORTFOLIO 

0 Class A * JA 6 

d Class B S 15*2 

MERRILL LYNCH INC i PORTFOLIO 

0C3OJSA * 

0 rum B * 840 

0 Class C * W 

MERRILL LYNCH MEXICAN INC PORT 

d Mexlean Inc * Ptfl Cl A S 935 

0 Mexican InCSPtH Cl B 1 934 

0 Mexican Inc Peso Ptll Cl A 3 BE* 

0 Mexican me Peso PHI Cl B * BJM 

MOMENTUM ASSET MANAGEMENT 
uyAtofTtonfwiTNOveUlrrPert-* 8 Alf 

mMawwntum Ratncaw Fd * inj9 

aiAtomemum RxR R-U i B237 

mMamemum Stockmoner — s 158*4 

MORVAL VONWILLER ASSET MGT Co 

w Wilier TeMCcm 5 ** 

w WlHertimds-Wlllertiand Cap* 1543 

w wmerfunds-WlHerficfla Eur Ecu 1233 

wwntorttnria-WIHereq Eur —Ecu UL07 

nr WIUerfimds-WUlerM Holy -LH 13)8730 

ivVYinSTfundS-WUleraq NA S I 8 B» 

MULTIMANAGER M.V. 

■y Cash EnhancrawU 1 835 

w Emerging Markets Fd S 31.18 

nr Euraaemi Growth Fd— Ecu 1447 

w Hedge Fund — i 1299 

» Japanese Fund Y 877 

w Market Neutral — -■ — S . 931 

w WWM Bond Funa Eai 1240 

NICHOLAS- APPLE GATE CAPITAL MGT 

nr NAFtoxWe Growth Fd * 1*0-33 

w NA Hedge Fond * 13235 

NOMURA INTL. (HONG KONG) LTD 

0 Nomura Jakcrto Fund— A 835 

NOR IT CURRENCY FUND 

m NCF USD S 828% 

fllNCFDEM DM 89S49 

aiNCFCHF SF 924.79 

m NCF FRF — FF 4448.80 

mNCF JPY. Y 82*9530 

01 NCF BEF BF 27D3100 

ODEY ASSET MANAGEMENT LTTI 

21 GrosveW SLLdn WIX 9 FE^ 4 - 71-4992998 

0 Odey European — Dm 13*57 

wOoey European 1 138U 

nr Odey Edtop Growth me DM 13558 

w Odey Euroa Growth Acc — dm 13438 

iv Odey Euro GrtbSTer Ira- L 5*77 

wOdey Euro GrihSler Acc— £ 54.97 

OLYMPIA CAPITAL INTL. INC 
Williams House, Hamilton HM1L Bermuda 
Tel: 809 272-1018 Fas: 809 295-2305 

w FfelSBury GTOOP — * 23*37 

wOtymWa SeOirtteSF SF t*JU» 

iv Olwnpla SftrsEmeroMkts* 98242 

iv Winch. Eastern Dragon s 1731 

IV Which. s 24*31 

w Winch. Fut.Otymok) Star _S 15755 

w Winch. GtStalnc PI (A) — 3 831 

F Winch. Gi5ec Inc PI (Cl— s 9.15 

tvWtacn.HidginnMaateo<i_Ecu i-«om 

wWlftoh-Htoe innser D_ Ecu 174804 

iv Winch. Hhto inti Ser F Ecu 1747JB 

w Winch. HldgOly Star KeagM 105271 

w Winch. Reser.MuULGvBdJ 18M 

■vWtochnler Thailand S 3840 

OPTIMA FUND MANAGEMENT 
73 Front SI. Kam>nan.B*rmtida 8012958458 
tv Optima Emerald Fd LM— S 1815 

w Optima Fima * 17.91 

m Optima Futures Fund- S I7AJ 

iv Optima Global Fund— * 13.17 

Hr optima Pertaita Fd Ltd > 9.7* 

n Optima Short Fund -S 749 

tv The Plattoom Fd LM * 9.99 

ORBITEX GROUP OF FUNDS 
0 OrtHle* Asia POC Fd — — S S3I13 

0 OrtXtex Growth Fd S 4.7447 

0 Ortiltev Health & Envlr Fd J 4.77*0 

0 OrDHex Japrat Small Coo FdJ 5.15*0 

0 Orfitle* Natural Res Ffl CS t43rm 

FACTUAL 

0 Eternity Fund Lid S 2457404 

O Irrfhilrv FundUd ■ 5 *989043 

d Star High Yield Fd Lid, — J 1293*41 

PARIBAS-GROUP 
»v Umar — 9 

0 Parvest USA B S 

0 Pohrwi Japan B .. . . — . V 

d Parvest Asia Podt B— J 
0 Parvest Europe B— Eai 

0 Parvest HaBond B Fl 

0 Parvest FranceB .... FF 

e Parvest Germany B DM 

d Parvest Onil-OoUor B 1 

0 Parvest OUFDM B DM 

0 Parvest OWl-ren B y 

0 Parvest OIXhGalden B Fl 

0 Parvest OblFFranc B — _FF 
d Parvest OOI Liter B — — c 

0 Parvest Obft-Ecu B Ecu 

0 Parvest ObU-Befux B LF 

0 Parvest S-T Dollar B„ s 

a Parvest S-T Euroae B Ecu 

a Parvest S-T DEM B dm 

0 Parvest S-T FRF B FF 

0 Parjtsl 5-T Bel Plus B- — BF 

0 Parvest Gtotal B LF 

0 Parvest Int Band B 5 

0 Parvest Obi 1 -LiroB - . LB 

d Parvest Int E tallies B S 

0 Parvest UK B ( 

0 Parvest USD Pfui B — 5 

0 Parvest 5-T CHF B SF 

a Parvest OMKonoda B a 

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KOBECD GROUP 

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d RG America Fund Fl 12980 

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4 RG Pacific Funa -Fl 14250 

0 RGDMtenteFuftd— Fl. SUO 

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0 rg Matey Pius F i_ s latia 

0 RG Money Plus F DM DM . llUB 

,0 RG Money Plus F SF SF .. .107**- 

More-Robeco see Antstontam Socks - 
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IN-HOUSE FUNDS 

iv Aston Coailal Holdings Fd.J 4109 

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wDahva LCF Ramsch £u 1 ' 1993.17 

wForeeCodlTrodittoiCHF-SF HDB7.93 

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w Leveraged On Halting* .J ' 40JD : 

w OWFVptor SF 943.18 

iv Pri OtalteniM Sxrtss Fd SF • 709539 

fi Prtoaufty Fd-Eurota F eu . 178943 

b PriHUily Fd-Helvefta SF 10543* 

fr Prltaultv FcHrittn Am % - ttSJS 

b Prtband Fund Ecu— EW - TIAOOS 

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fr PrUMFdHYEmerMIdSJ 1T5K3 

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b Source ■ ■ * 18214X0 

ir US Bond Ptos — Jl 92UM 

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OTHER FUNDS 

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w Esprit Eur Partn inv Tsf— Ecu 13NU1 . 
wEurwStrotMlnvesimtd— Ecu 105830 

b J/rfwra) Rmtrss-, * ■ «uk- 

b OpttgestGtatal Fd General DM 187,771. 
b GMlge« Gtooa Fix mcameDM- U2AS4 
0 Paciftc tflvs Fund - .-S . 83 9 I 

wPermol DrokkorGrthtlV-J . 272534 I 

f Selection Hartal FF BTW432 1 

fl victol re Artane ■■ -* 503139 - 

ROTHSCHILD ASSET MGMT (CJ) LTD . 
mHcinrad Leve ra ged Hto- — * - 84815 

5AFPIE OROUP/KEY ADVISORS LTD 
mKey Wveraffltd 1« Fa LMJ . 1139S99 

SAFRA REPUBLIC HOLDTHG. I 

wRecubOcGAM ; S 

vRetwbflc GAM America — 3 
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w Rep GAM Em AMrts Lot Am* 

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w Republic GAM Pacific S 

w ReaubHc G«ey Dal Inc — J 
w Republic Gnsey Eur Inc— DM 

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iv Republic Lot Am Araem — s 
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w Republic Lot Am Mexico — s 
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mCnmmaiKJw Fund 5 T01029 

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5KAHD1NAVISKA EMS HILDA BANKEN 
5-E-8ANKEN FUND 

0 Eurooa Int; » 855 

d Flarron Orfern Inc * 898 

d Global IOC S lfrl 

0 Lokamedel Inc— A Offl 

0 vartden ine i _132 

d Japan tec v 

dMUIolnc 1 837. 

0 Sverige Inc — £ek 9* 

a Nanwiwrota me * a.93 

0 TekntHOd Inc * 037 

0 Sverige Rnnletond Inc Sek 1850 

5KANDIFOHDS 

d Equity Utn Act * 1TM 

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0 Eauitv Global s ]-S 

0 Eautsv not Hasnaraa 1 13J 

d EtaHy Japan — Y. HUB 

0 Eauitv NanPc S ^ 

0 Eauitv UX S IA7 

0 Eauitv Qmttnentol EuroneJi 1A2 

d Eauitv MadHerronea n * 898 

d Eauitv North America—.. * 133 

0 Equjhr For East — S *-77 

0 Ian Emerging Moricen I 1^ 

0 Bond Inti Acc : s 1J5 

0 Band IMS inc s 739 

0 Bond Europe Acc S LSI 

a Bond Europe me * 897 

0 Bond Sweden Acc Srk ]&J2 

d Bona Sweden me— —Sek 1817 

0 Bold DEM Acc DM 1^ 

0 Band DEM inc, DM 893 

0 Bond Dollar US Acc S 139 

0 Bond Dollar US Inc s 105 

d Curr. US Dollar S 1-56 

0 Curr. Swedish Kronor Sek 1841 

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SOGELUX FUND 15F) 

iv SF Bonds A UJLA S 1813 

IV SF Bands B Germany DM 31A7 

iv SF Bonds C France FF 12278 

wSF Band* EGJJ.— 1 1134 

iv SF Bands F Japan Y 2345 

wSF Bands G Europe Ecu 1733 

»»SF Bonds H World Wide * 1731 

wSF Bends J fietgluai — BF 7V9J0 

WSFE4.K Narih America S 1435 

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H>SFEa.MPa«(flc Basin Y 1407 

iv SF En. P Growth Countries 3 17J4 

wSF Ea. O Gold Mine* S 3841 

w5F Eq. R World WVJu S 15*3 

wSF Shan Term SFronoe— FF 17TJWW 

W SF Short Term T Ear Ecu 1*44 

SOD (TIC ASSET MANAGEMENT INC 

iv SAM Brazil S 1*111 

■vSAMDfvanifM I 732 M 

■v SAM/McGorr Hedge 5 10531 

iv SAM Opportunity * 121.18 

wSAM Oracle * 9S.M 

wSAM Strategy S • 1U.11 

m Aloha SAM. - — 1 11874 

vGSAMComaastte * . 33588 

SR GLOBAL FUND LTD 

ffl SR European S 101J9 

mSRAskm S 185.92 

. mSR International S 10*39 

SVEMSKA HANDELSBANKEN SA 
144 B0dn to Pt»nMBe,L-2330Luwnbrxng _ 
fl SHB Bona Fund— — * - -54.19 

iv Svmska SeL Fd Amur Sh — 5 1531 

wSv«nskaSe4.FdGenmaiv_S 183* 

nr Svenska SeL Fd InTI Bd Sh J. 1253 

w Sveaska SeL Fd IntlSh * 59.13 

irSverakaScl. Fd Jgnon— . Y 402 

w Svenska SeL FdMItl-Mkt—Sek 11285 

w SvarakO SeL Fd Nordic SEK 9885 

w Svenska SeL Fd PacM Sh — 5 758 

w Svenska SeL FdSwedBds— 5ak 139889 

w Svenska SeL FdSvMaSh— Ecu 11475 

SWISS BANK COOP. 

0 SBC 100 index Fund SF 

0 SBC Equity PtR-Austrolta-jU 
0 SBC Entity PHFConada — CS 
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98*4 

180*2 

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0 SBC Bond PtfLOuteh G. A_R 
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d SBC Bead Ptfl -Ecu B Ecu 

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0 SBC Bond Ptfl-FF B FF 

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0 SBC Gflit-Ptfl Ecu Grth Ear 

0 SBC GIOLPtfl USD Grttl * 

0 5BCGM-FI71 5F YW A SF 

0 SBC GHtt-Pm SF Yid B SF 

0 SBC GJM-Ptt! ECO Yid A Ecu 

0 5BC GHH-PTfl Ecu YW 8— Ecu 
0 SBC Hti-Pm DSC Yid A_S 
0 SBC GW- Ptfl USD YW B — 5 

0 5BC GtW-Ptfl SF tnc A SF 

0 SBC GtW-PHI SF hK B 5F 

0 SBC Glbl-Ptn Ecu Inc A Ecu 

0 SBC Git*- Ptfl Ecu Inc B ECU 

0 SBC GJW-Ptfl USD I IK A — 5 
0 SBC GtOt-Pttl 1150 Inc 8 — * 

0 SBC GW Ptfl-DM Growth _DM 

0 SBCGftJPtn-DMYlOB DM 

0 SBC GtW Ptfl-DM lac B DM 

0 38C Emeratno MarVetx S 

d A^taPortfclKi. ~ -5 

0 Convert Bond Seiecrton — SF 

d D-Mark Boad5etoCHon DM 

d Danm- BondSetorttoa * 

0 Ecu Sand Selection — Eai 

0 Florin Band 5etodton Ft 

0 FnmnVatar FF 

0 Gennantoi/olor D M 

0 GaWPorttoRo _S 

d tbwiioValar Pto 

0 ItatVolar Ut 

0 JoDanForiMto .Y 

0 Sterneo Bend Seteclton__t 
0 Sw. Fanrtgn Hens SatedkscSF 

d Swiss Vator SF 

0 Universal Bond Setadton_5F 

0 Unlvenei Funa SF 

0 Ywi Bond Setocf tan Y 

0 SBC G*OH DM B_ DM 

O SBC EraB. CCU 

0 SBC Glob SFR B — SF 

a SBC Glob US* B -J. 

0 SBC pyn Floor CHF 95 JF 

TEMP umm GLOBAL STRATEGY 

0 GtoM Growth *■• 

0 DM Gtotal Growth . DM 

0 American^ _S^ 

0 European — SF 

0 FarEcst —3 

a EnwraUifl Btorzet*. • 

0 Gtobal BatotKad — * 

0 Gtotal income -i . 

0 DM G tonal Band DM 

0 Yen Global Band Y . 

0 Emerubto Mkl* Fix Inc .— 5 ; 


0 US Government— 5 9.« 

tf Haven _-SF - 

' ff USS Dqitld Reserve 1 1BW 

0 DE* Mold Reserve-. DM >*« 

' TEMPLETON WCTDE INVESTMENTS 
GROWTH PORTFOLIO 
0 Ckiss A i . . % J J® 

0 etas j.? i ;aW 

0 Ctope B-l -3 . JS 

. 0 OaiS B-3 — : _S . l9-*5 

INCOME PORTFOLIO ... 

0 Class A ' 934 

S-oSSw — — 8 • M7 

THORNTON MANAGEMENT LTD : • 

0 Poat lOTl Ft) SAL. — L . 

0. PecK imH Fd 5A DM — I— DM •- 
0 Eariem Cnaodvr Fund_^S • 

d Thar. Lint Dragons Fd LW J- . gjg 

0 Thoraton CMem mefd Ltd*-. • »35 
0 Tharntaa Ttaer Fa LM___S - S131 

0 Managed ScEdtai S. 2048 

* Jakarta * . 

d taeea 8 

NEW TIGER SEL FUND __ 

0 Hang Kang — u_S “ 

0 -htoctn , . — : — S . >*& 

d FWHeptow. » 4l-2 

0 Ttadond % 

0MatoySto— S . 28^ 

SBRC U - • - - i sS 


0 USlLtouftitv— $ “ 

tf ITi^yi ■ - * ISM . 

tfS4nmoorn , ■■ —5 . . 21.97 

THORNTON TAIWAN FUND ■ 

0 Entity income — . — — S 

tf Equity Growtn JS J44l 

d UqukDhr .... — — * 18« 

UEBGRSEEBANKZurtCtl ' 

0 B • Flr tl - tc 119943 : 

0 i - F^d. - . - • r~9F * 5.3 

0 J • Fund SF OTJ3 

0 M- Fund. __5F 13ga 

0 UBZ Ewn-tneome Fund SF • IMS 

0 UBZ World Income Fund — ECO 5U3 

0 UBZ Gold Fund— s 

0 UBZ Nippon Convert. SF jfW.W 

0 Alla Growth Convert. SFR -3F 11*42 

d Asia Growth Convert USS— S 

0 UBZ DM- Bond Furat- DM’ WU7 - 

0 UBZ'D • Fund — : OS* m»* 

0 UBZ SwhB Entity Fund SF 11811 

0 UBZ AmertowiEn Fund — S 95.10 

0 UBZ*- Blind Fund * «-W 

0 UBZ Sovflwn! Asia M__iJ 97.73 

UNION BANCAIRC ASSET MGT (UBAM1. 

INTERNATTONAL NASSAU- ! ’ ' ■ 

i* Ardennvest : 4 24»-« j 

i* Atmtmwsr : s 

wBocofln S SS-Ll 

ib Beckmwit— — l 1 J 8 JJS r 

w HftfCkhH* _ , . n 4 fl.l 8 z 

>vD4nhihires — * 12HZ* 

WDInwrU — * 

■» ptovest Asm * — - — . * . IflMJiJ- 

hi Dlnvest Goto 4 Mtiids 3 • 974JN 

w Dlmtif India j - 

w Wnveit nth Fix Inc Strut _* ““l* 

iv AginvesT ~ - * - 1*41. J7 * 

iv Lorat Invest — ' JMA/.r- 

ivMmulnuest _S 

w Momnuat ; — S 12*932 Z 

w Mgcirlnvest — — S 35**-74 £ 

w Mour invest Conrinofea I WEi 

. w Mourlnvesl Ecu _Ea) tolSS/r 

•r Pulsar— — * 84*37* 

i»r PuJsar OwrN, — — i 17*64) z 

iv Oaanflnvesi S 25iAg i 

n-Quontirwest 93 — *' - iSSS - 1 

xrS I dii M veei — ■■ - — . A .2879812. 

wTucHftvast : * l«J*t 

wUnknesI ~ * *4238 r 

UNION BAHCAIRE ASSET MGT (UBAMI 
INTERNATIONAL LUXEMBOURG 

tv U BAMS Bond S . IfiUl 

wUBAM DEM Bond DM 

ivUBam Emerging Growth ~* - ,97833 * 

w UBAM FRF Bora) FF Sg 239 z 

wUBAM Germany . J3M 1174*31 

w UBAM Gtotal Bond -Eta -14W«i 

W UBAM Japan ^__Y . HM74Mz 

.nr UBAM sterUitg Bonn. r 9*172 

w UBAM SthPodl* Asia S .194321 

w UBAM US Equit ies ■ -* 119431 Z 

UNION BANK OF SWITZERLAND/! NT RAG ^ ■-■ 

0 Amco : L— SF 

0 Bond- Invest— Li: 3F . 54 . 1 BV 

0 BriMnvesf SF . . .UUOy 

0 Canoe— SF 6935 Y. 

0 Convert -Invest— SF »tesy 

d D-Mark-InveN - —DM 20 Ufly 

0 Donor- Invesl — ; _5 . . UWv 

d Enargte-lnvesl — __ SF- 11858 y 

0 Eanoc— SF . woo y 

<t Eurtt : ii— — SF ... . 332j»v 

d Funsa SF ; jtiflQy 

0 Franclt SF . 1945Dy 

0 GennaC SF 34iMv 

d Gtoobivest — — SF l'L5*y 

0 Goto- Invest JF • . 2345# y 

0 Gukfen-lnvesi 2 Fl a»^riy 

0 HehieHirvgst — SF . 101.59 y 

0 Hottond-tiwesl SF . 31859 r 

d Hoc : SF • • M450V 

0 JapatHnvest SF M2»r: 

0 P— ■ _qg - 45tt»y 

0 Sant SF TBUHjf 

0 SinaflbiavtetrlnvBJf— __5F . .. 3OJ0Y 

0 STerllno-ImM l . 187.74 V 

0 Swiss Franc-Invest — — 5P * -205L*D y 

0 Sima JF 232® 

0 (Jwinreal 1 SF 189» 

0 UBS America Lattoa JF . 9335 y 

0 UBS America Lanna s . Mrav 

0 U 8 S Asto NMv Horizon SF NUOv 

0 UBS Asto New Hart uw * Hmv 

d UBS Small C Europe SF ■ 94J0y 

0 UBS Small c Europe dm I ism r- 

d UBS Port Inv SFR Inc SF . TDMSy 

0 UBS Port inv SFR Cte>G_SF - WLSOy 

0 UBS Pert inv Ecu lita SF 9855 y 

0 UBS Port inv Eeu-lnc -Ecu 4dj)5y 

0 UBS Port Inv ECO CopG SF . 99.11v 

0 UB5 Port invEcti C op G — Eat 'HFt 
0UB5 Part inv US* Inc— S ^ 7339y 

0 UBS Part Inv USS Me SF 98*0 y. 

0 UB5Pttrt inv US* Cap G-_SF~ WJSv 

0 USS Fart Inv (JSS Cap G S 73J7r 

0 UBS Port MW DM tnc SF- . -9JJSv 

0 UBS Port inx DM tnc_ —DM 1 19.10 y 

0 UBS Port inv DM Cap G. SF vun-v 

0 UBS Fart lav DM Can G— DM - - : 113.18 V 

0 Yen-tavest — Y B9D*UMy 

a UBS MM invest -US* ____* 10180 . 

d UBS MM Invest-* SI ; £ - 41237 

0 UBS MM Invest-Ecu Era 51932 

0 UBS MM Invest- Yen -Y 'lOH»s.« 

0 UBS MM InvESf-Uf— Lit ItSOHSJH ' 

0 USS MM Invest -SFR A JF 5TKJH 

0 UBS MM mvest-SFR T__JF -5Z3L0T 

0 UB5MM lr*v*a-l=F. FF 5TB&JK . 

0 UBS MM InveSt-HFL: -Fl • • 1S3L95 

0 UBS MM Invert-Can* CS -' »M58 

0 UBS MM InveW-HFR Bf 2*80240 

0 UBS Start Tam InvTIM—DM .55847 

.0 UBS Bond Inv-Eeu A_ Era . 102*3 y 

0 UB5 Bond tnv-EcoT. ECU. -152JBV 

0 liBSBsuxi lau-SFR _5F . . ffMr 

d UBS Band Inv-OM DM 10283 V 

0 UBS Band lnv47St ^ .... 5 . 9409 y 

0 UBS Band lltv-Fp FF - HJ5479V 

0 UBS Band liw-Can*- CJ «27y 

d UBS Band tnv-UI-* _Ut 113OT8BBV 

0 UBS ai-us* Extra YleW-J -. 9*42 y 

0 UBS Fix Terra IUV-SFR94JF . 10453 y 

S UBS Hr Term Iw-OM 94 — DM 10444 V 

UBS FIxTwm litv-Ecu 94_Ecu .W42*v 

tf UBS Fix Term In v-FFfl(_FF mu 1 

0 UBS Ea Utv-EOfDMA DM . 21933 v 

0 UBSEp I nv- Europe. T DM SJffv 

0 UBS Ea Inv-S Cap USA S 10738 y 

0 UB5 Pori I Ftx lltC(SFR)— SF . WjBv 

0 UBS Port I FIX UK (DM) —DM IBUJy 

■0 UBS Fort 1 Fix Inc (Ecu) — Ecu lOUSy 

0 UBS Part I F«ilnc<US3J_5 «U 8 v 

0 UBSCaPlnv-TlVI l SV- \ 10*48 y 

0 USS Cap tnvWIO Gwm — DM 12343 V 

WORLD FOUO MUTUAL FUNDS 

d * Dotlv income * TOO 

0 DM Daily Income— DM ■ 140 

0 > Bond income ■ . J 1753 

0 j 

0 Gtotal Equit ies— — S 1877 '■ 

0 U5 Cansei vullve Eta I ties _3 U23- 

0 US Agressive Equttle* 1 . 1244 

d European GatiNes— J 16^4 

0 Pacific Eati ton — ; 1 LJJ9 

0 NoTurti gewur rrs' * 802 





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Page 14 


INTERNATIONAL 


TRIBUNE. TUESDAY, JUNE 28, 1994 


NASDAQ 

Monday’s 4 p-m. 

This list compiled by the AP, consists ol the 1 ,000 
most traded securities in terms of dollar value It is 
updated twice a year 


i?Monm ms 

Mon Low stock Drv Vld PE I Mb High LgwLolWlCh'pc 


U Month 

Hi Ofl LOW Stock 
lA'V IQ CA1 W,e 
33'.- 23ftCTEC 
I0 3 * 4’iCACl 


g* mwionm 

□n lid PE inos Hmh LowLawiO' , w High La* Stock 


Dtv Vld PE I DOs High LowLotelOVgc 


789 10 10 ID 

_ . i? as'ti 2 S'-j JS'-« 
... 10 374 8li D'.’a B4t 


IS'-i 4'6AAONS 

M%12 ABC RaB 

JO IS ABTBM 

76'.. 1 7ft ACC CP ,12a .9 

34 SftACSEns 

44%MftAOfTe 

44 78'/. ACC TM 

I7ft lift AE SOW 


.. 2C M2 14*6 14'. lfl% _ 

_ 703 18% IB Ifl -% 

. 14 111 21 V. 31ft 31ft 'ft 

.7 8 STB 14 1J I3l'r — ft 

_ . 143 13 IS*-. 17% -ft 

33 786 37 fc P ' '■« 

_ 30 1539 37', 36". 39"! -2 3 6 

_ _ 238 1 1 IP, 114. 


23»*i4 aescps m i is ie ms w is ib* -ft 

36V. 19 V.AK Stool - _ 1045 75 34'-, 74*6 — ft 

22% 15ft APS Hid .. I) 574 191. l«i -% 

15*6 6ft ASK .. . 6 13% 13 I3h - 

33 12ftA5T 6W0 14'.. 17% 14 -Hi 

79 VS 14 ft Abbey H _. 0 143 I5"i 14% IS —ft 

31% 17%Adalm s _ 1711 197 If*. I4rt I5!« - IS* 

27% I J AcmeMtf - 13 75 23% 23". 73 

70% 8% Adel ._ 28 416 9 d 8' i 8*. % 

1 SMi 7ftAdocU> ,4B S.5 7 ,73 8% 8". 3% 

22ftWAAdoWCS - U 4544 lb'., 15% IS 1 '* — *n 

24% 10 Adauntl ... 106 lift l2Ja — ft 

37% 20 AAoSv .16 J 30 40 34% 34% 34% 


37 1 : 15 v «CrKltJ/S 1,50a 5 7 114 148 24% 25% 361-a •% 
II'. S'. > Caere .. _ 2134 7!i 4’.’. 7 • % 

17.', 10 CoWK-rw .. ...4004 17*. 10% 12 

23'i OJiO-HMJ? „ J8 1071 K”« 18% 19*6 •!"- 

31'-. lA'iCatMiC ... 70 7 Ifl 27% 27 22'.i — % 

32 17"iCWineA .. 14 793 35 74". 34*. — 

85' I 5*',Canonl J9o .7 44 85 BSVi 85% 85'-!— 1% 

20 14 Caraustr J4 2.1 15 264 171V 17 17% - % 

5lftItV,Cr0nHlt .17 J 39 .137 48 % 47% 48 -% 

21 taViCoreciWJ 44 IBli 18 lflU —V* 

14% 8"iCnreT>f» - ... II 10 ?ft 9% — 

19 10 3 , CarsPir _ . Ml 17% 17% 17% — % 

13% 8'iCascvs* 08 J IS 513 lift 10% 10% — % 

25 9%CObAin5 8 1454 10% 91, 10V« -% 

34 9 Ca&noDS . 22 735 19 18% 18% ■ % 

25'., SftCOSMoOa: _ 6 2447 6% 5% 0% • *u 

74 7%CasllE s _ 2 104 14 13 14 - % 

193-j 9 CrrmSIr 12 397 9*4 9 9*4 • % 

74% V'-iCmoCo .14 M 14 1400 llVj 11 lift % 

19 12 Coladon _ 183 14 13'.-» 13*1 —ft 

34". 70*. Celestial _ 70 782 »*.dI0ft 22% -1% 

3*% K'sCeHPra _ - BM 21 IBft 20ft *JVi 

70*1 VftCcllslar _ 16 773 12% 12 12ft ^ft 

48' 4 38 CflCiTA _ _ 540 47% 47 47% -ft 

26% 14 GNCmFR - _ 544 25 24% J4'-j — % 

24% 3%GeHrTcs „. _ 421 12 II M'S * % 

24', 11 CctllCel - 177 18% 18 18% -ft 

43 17% On term 17 445 ZD 19 19% 

15*1 HACftltOOOr - - S392 11% 10V. 11% * V. 

14 75%CFid3k 1.12 3.6 II 778 32 30% 11% ■% 


19% 9 OpIHn 


.. _. 1847 9% 9 


34% 14% Adobes s .20 .8 23 8877 74 35% 25% •% 


15 7%AeiKyR 
14% SHA#ucog .ioe 


12% 4%AdvPro 930 5% 5% 5% -% 

11% 4ViAduTivs _ - 3831 «% 4% 4% — % 

46% 24%Advon)a s M A 16 787 34% 33% 34* . ■ > 

38% 24% AtfvanfB S J4 8 16 393 31 '-i 30% 31% -% 

15 7>iABIKyR - 16 3181 12 11%11'V.. *V, 

16% BHAgmcog .ioe 8 - 1474 17% n% liv. — % 

14% 746 Agoum ... _ 670 II 10 10% ... 

14% I’ViAIrMetti ^ - 336 3% 244 2> -V* 

61% 39% AMO IJ4e 3J . 100 SI 53% 53% — % 

21% 9<4AlanteC .. _ 71? 12% 12 l^'-i — *4 

23% 17 Albonk 40 1.8 13 161 22% 22". 27% -% 
19% 17 AMitas _ 31 1554 16% 14 |6%-I% 

34% 13% Aldus _ 32 14*7 257. 25 25% 


14% 7% Aaoum 
14% 1‘ViAlrAAetti 
61% 39% AMO 
21% 9'AiAlaniec 
23% 17 AOxmk 
19% 17 A Mi las 
34% 13% Aldus 


78%73 AtebBld 31 U IB 47 75% 75', 75V- 


19% AWABCHR 
3% 18 u A8A5em 
14 7%Ali«iPn 
14 7% AlnSetni 


_ II 170 12 11% 11% — % 

_ 14 SI 3 3 ?'«% r-’'o — "n 

.. .. 1427 9% 9% 9'-.< _ 

. 15 253 11 10 11 -■ 


32%22%AUledCo M 2J 7 MO 25% 25 25% 


77% ISWAHOHIdB _ 8 757 14% I7>.-, 14'. 

74% l%AJpra1 „ _ 80 2% I 'vi 1 ■ 

35 W 7%AlPtia8la _ 253 B% 8 B%-'Vu 

39% 18% Alter a - 33 5147 74 % 24 V. ?*’ ■ - 1 % 

24% ?%Altrqns _ 13 134 14% 13% 14 ' % 

97 35% AmeiCn Ole . 100 1925 9> 60% *1% 

30% 2l%ABnkr 77 3 J 8 1 53 71% 71% 21%—*. 

72 Vi 13%AOooVoy 1ft 1.0 45 337 14% It 16% — "u 

33 10%AC0iMd 2» 1 8 17 W 1J 17 13 

71% 15% AmFrchl _ 35 1235 21".. TO*. 21% * % 

34'/. 257a AOreelS .54 1.9 14 2602 27% 2?'-« 7*% - 

74% 6%AHima>5 - 10 181 6% ft'-i 6% 

25% 14% AMS _ 71 140 23% 73% 23% 

17% 4%AAftecE -. 13 468 0% 7% 8% — 

22 12%AmMb5at _ _ 990 13 dll'. I2%— 1 *'u 

30% l4%APwrCws ...» 13438 17'.. 15% I? • >W 

23U 15%AmResid _ B 124 17% 17','. 17% *. 

39% 22*. AmSupr _ 705 24% 25*i 7t'> -*> 

27 17 AmTeW _ _. 301 17% 17 17% ... 

14% 9% ATravel _ 10 93 IJ'. 13*. I3% -% 

16% 9 AmerCas . _ TO 10'.. 9> ; 9'i — % 

24% 19',.Amfed 30b 1J» 19 302 TO% 20 ZO'.-A-I. 

52 31 Arneen _ 1410854 43% 47 «J%-1% 

15 5 Amnons _ 20 16J fi'i 7*s 8V1. -*■, 

33*6 1 1 % AinlcfiCo na A IS 2787 13 12 13 ~% 


«% ShCnrmSn .09 .9 u 1741 9% ?% 9% 

35 lt’.iOitOnFs A0 19 B 431 Jl% !1 21 -% 

15 4%Cneoters .. 37 1944 6% 5% 4'a «*'i» 

24% 13%Chw<* s _ 27 400 15 14% 14% -% 

19 B Ow3»s _ 18 754 11% 10% 11% 

ftO' .31%di9Kflrti _ 31 3078 38 14 % 37% < 3% 

7% 3%Oiui5rc _ 5«6 4% 3% 3%— Vi. 

9ft 53%CI1iron .. 94 4492 57% 55%57%^I% 

II'.: 41aCHmmas _ 43 553 10% 9% 10% *% 

2?'". 15 Oden _ ... 2285 17 16 17 '% 

61 % 50%CmnFin 1J8 2J 15 878 51'-.d50 50%—% 

34% 25 Gnias .17 S 38 513 31% »% 31% 

15 B%Grcon „ 14 M 9% 9 9% -% 

44% IS*. Cirrus ... 18 9008 29*4 28% 29% . 1% 

40%20%Cix»& 22398 23% III. - 1 

IB lOiaOinians _ 33 493 1 5% 14% IS". »% 

21% 13 OutiCar * .. 144 14*. I3*i 13% ... 

47 22 CjlHHh 34 70ft 35% 34% 34V. * % 

36% IS cobra 27 S4I 33* . 37 33'. * % 

41*.: 23 CocaBtl 1.00 3.5 St 177 78V. 77% 38% >16 

22V. 14 CoHomp J9e 1.4 _ 7 20% 50% 20% - 

28 II Cognevts _ 71 573 14 13% 14 

14% 7 Cog nose „ .. 464 11% 10% 11% -'A. 

It". M Conernt 73 74 13 I2'4 12% -% 

31% IT Cototwn ,10c t. 43 SIB IB 17 ITl, -Vi 

75%|7'.Ca(Bcps t0 2.9 7 622 21% 70% 70% * % 

34% 17 Conn air J4 IJ 14 1314 19% 18% I* ■<■% 

28'-. 14% Comes! s m J _ 9»2 171a 17 17% •»% 

It 13 Qncspi Sit A .. 7359 17», 16% 17*. ■% 

21% 13 Comm net _ _ 27 17% 17% 17% — % 

33 77% CmcBMO .18 2J 11 54 3Ui 30% M% 

2fl*v PVjCmcRB ... 8 646 23% 23','. 23% 

26 17' iComHISy „ It 1471 TO', 19% 70% — % 

24*. 10% Company .92 17 10 798 25% 74% 34% — % 


15 BWGrttn 
44% 1 5*. Cirrus 
40% 70% Cisco v 
IB 10%Chnicm 5 
71-. 13 QutjCar 
47 22 CjlHKb 
36% 75 Cdbra 


78 II Cognexs 
14'. . 7 Cognase 
It". 11 Conemt 


l6*i 1 l%AnchScp 
17% ID% AndiGfn 
39'9T7%AnftewS 
71 % 13 Andrai 
30% 18% Artec 
40% 22 ApptfC 
18% 9%ApiSous 


.. 9 458 15% 14V.14IVH — *« 

... _ IS1 llWdlO'i 11 —'•••. 

_ 27 959 35', 34% 35% - *.- 

_ 10 lilt 18 ' m 16*. IB - % 

_ _ 477 23'-. 31% 17% ’« 

M 18 „ 2285 1 26*. M% 24% 

. 41 1717 15 14% 14% — *. 


16% ft'-.CmenU. 

7'.. 2%Cmi*3n 
2d B'.CmpOl 1 
II*. ft’ rColNwl' 
48' 1 21 Comouwr 
171*. 8 Comvors 

0% I',CaJCom 
33% I7’ <CorK£FS 
IS', 5 Con-d-IVl 
W . 3ft' .C- xi Pap 

12 13 Contra 
22% 14’sGoors B 
S3*. 31 % CoplevPti 
70% S*. Cop / tel 
18 9 Cor Tiw 

22% 13'aCorGabP 
54 1 1 37% Corals 
TS ’% CoretCn s 
7ft IT’.Corlmao 
14% *%CorctCp 


_ SI 813 10% 10% 10% — '•* 
_ 10 143 4 3% 3% 

.10 .8 IB 423 13 17% 12% — % 

694 7 4% 7 *% 

... 27 1565 40% 39V. 40% ♦% 

_ 11 515 B% 81» 8Y1 — V.» 

_ 10 833 J Ur. 2% — 

26 337 24 23*. 74 -% 

9 194 7 % 6V. 7 -V. 

US 3.1 19 139 41% 40% 41% •% 

- 237 16% 15% 15*. — % 

SO 2.4 771 19% IB% 18". 

_ 31 589 X% 39% X*a 

_ 1023 9% 8% 9V,. *V„ 

124 llVj 11 11% »% 

14 858 »% 10 20% — % 

_ 17 3348 40% 39>, 40 

.7455 IB'.i IT 18*. -1% 

— 30 5 J4*i 14% 14% * '1 

_ 42 304 It'* 15% 15% — % 


37’ 1 11% CoftCc S .08 - 6054 15 13', 14% - 1 


25% II Aplebees 314 J 24 7496 12% 11% 12 


25 !3%ApdDcrtl 
33 8%Apdlnovs 
57 74% AptdMt S 


_ _ IS8 18 17 17% - 1 
_ 37 5EM 71 TB*« If -1' 


57 74% ApldMt s _ 72ft498 47 39%4I‘*, - 1"% 

71 % 15ViArbarOni 34 1J 20 904 l« lB'-.lff'-w *■ 

25 12*. ArborTHI _ 23 173 20 11% 19'. — % 

19 IO'.4ArcnOn _ _ 31 IS 1 . 14% IS'. 

35% 26'A ArpoGp 1.14 4J 8 17 77% 27 17 

33V. 12%Areasv _ 45 292 14' 1 13'-i 14% - *. 

I5*i BVsArtBesI JM J H 159 12% II 12% 

22 14% Armor M 3.1 19 IDS 20% 20% 20% — 1 '» 

22% 15% Arnold S M 7.1 1ft 13 19% 19'. 19'. 

24% 5*1 Artsft - 2D 7835 IS 12% 141. -2'i 

13', 6'. AsJiwrm _ 70 439 B*. 1 ’> B*. 

44 21',Aspcm 20 *71 25*. 74 %75 3 '.-l% 

34'i 19%AsdCmA — 1738 70 Ift 24% 14% 

33". IBWASdCmB ... 1119 1000 24% 24V. 14% — % 

20% 11 Astecs ... 12 780 13% 13% 13% « '. 

34% 27% AsforioF „ .. 4J07 31% 3I'-J 31% — 


38V. 22% A ItSe Air 20 1^4 15 38*5 22%dll'-. 22'. — % 


39% 11 Aimers 
24% 14', AuBon 
9*u 4%AurnSv 
14% 4%Auspea 
41% 37 kWlRf 
34'.» 23% Autolnd 
29V. )4%AutOtolS 
31 Vi 14 AvidTctl 


- 27 4501 74% 23'. 23- Vi. — % 
_ 31 2554 19% 18 19 - % 

_ _ 2D7B 8% 7i Vu 8' * -% 

_ 14 253 5% d;. 5'* -% 

.48 1.0 If 1147 49% 48% 48% — % 

19 37 24% 26V. 24% — % 

_ 45 3741 17% 14 17%,-IVm 

_ 25 7891 75'.. 23*. 75% - 1% 


34% 78% BB&T 1.00 
35% 1 1 Vi BHC Fn s M 
24% 16 BISYS 
71 41% BMC SR 

30% 9% BMC W1 5 
77% 15 BWIP 40 
77% BftBcftaee 
25% 1S% Baker J .04 
74 10%BalvGni 
37% 24%BanPonc 1.00 
78 STViBcOnepfCSJO 
45% 19hBncGatiC J2r 
M%l7%Banoec 
20% 12%BkSoutti 44 
38Vi79'ABanra S3 
24 Vi 13 BanvnSv 
X 23% Boned .02 e 
I4*i IKBareOK 
7 2%BaITerh 
45V. « BovBkS 140 
35% 20 BedBm s 
57% 42% BeJIBcp 
15% 6% BeKMic 
49% 27% BetlSuI 
9% 3*. BenlOG 
48 32 Berkley 44 

74 13 Bemud 

39%14%BesiPwr 
13% 9% Big B 5 .16 

4'A 2%B«TcG 

'i? 

25%17%B00kMBI 
27% 13 Boomtwn 
23V. 8%Bor1nd 
51 34 BastOKk 

14% 6%B0StTc 
14% 9 BoxEn B 
15% 4% BriteV 

71% TV.BraGour 
17% 10*iBrTom 

1 2% 7% Brunos M 

7% 16 Buffets 

18*4 10% Bull OT 


3.6 10 424 

.9 4 1804 

_ 44 44 

71 8617 

- 15 411 

2J 103 387 
_ 18 210 
J 11 5*0 
_ 1*9 

3-1 10 55 

5.4 _ 300 
' 1.1 ... 1252 

- 13 197 
14 II 1378 

1.6 IS 1544 
_ 131 1368 

1 I 24 254 
_ 34 144 

_ *54 

2.3 1 5 453 
_ 41 4104 

14 193 
_ 18 115 
_ 21 3335 
_ _ 356 
l.l 16 MSB 
_ 22 345 

- 13 734 

1.4 15 237 
38 5084 

_ 17 3437 
.. _ 2«\ 
43) 10 1712 

'? B 

I - 9378 
108 1711 

= 23*38 

_ _ 401 

Z 47 6230 

13*8 51? 

- 25 3228 

_ 24 44 


30% 30% 30% — '. 
10% d 8% 9 — 7 ' . 
70% 20 70% *% 

45% 42% 45% - 2% 
TO 3 -. 1?*. 20% — % 
ia% 17>.-* 17% — % 
10V, 10 10% - 

18% IB'. IF% - '* 
13 11% 11% 

3I'» 31% 31% -% 
AT*. 47 62*. 

28% 77% 18% — % 
19% 18% 19% 

18 17% IB *'• 1 

32V» 31% 32 -% 

14% 13% 14% -% 
33*. 37% 32% — % 
14% 15% 1ft' » 

J% 7'. 1% — 
60'.. 59% 59', —'■* 
» 17 2B% -% 

53% S3 S3*.- — 
10% 10 10' . — % 
?4'..d2)% 24' s -1% 
7% 7 7% — 

39V. 38% 38% — % 
14% 13' *: 14% - % 
14% 14 14V: ‘ '. 

11% II l!V„ 

MV. 28Vj 30". » IV, 
10% 9^ 10% -% 

2V» 2% 2 Via —V* 

31% 30% 31 % *% 
21 71% -% 

22% 21% 22". . 

1ft 15". 15% —la 

10% 0"a * l*u 

3ft% 35 35*. 

8% 7% 7*. -% 

9V'. d 8*1 8*1 —V. 

10 8*4 10 *H« 

19V. 17% 19 -1% 

44' i 43*4 44% - % 

12 11% 12 -% 

IS 14% 15 - % 

7% 7% 7% -v, 

17% 16*4 17% *% . 

U 13% 13% *• "a I 


13". 24’aCrvntrv 
I9 3 *, Il'.CrkrBrl 
1*% B 3 iCrTcftL s 
78 10 CreoSyS 

I7i , 17ViCrdArps 
33% B'jCrasCnm 
39". 30*. CulInFr 
55*. 29*, CumuFd 
28 IZWCustOi 
75 10 C/gneD 

ll'a 5l:CVgnrs 
41% IBWCvriv Cp 
35' . 10 cm- 
8% 4 CMRa 


32 IS DFAR 
7*a 3%DNAPI 
>% 1 77 . DSC S 
28 13% DEO Ini 
19V, 12". DSP Gp 
31 A Dtmark 
44%75 3 .Dai6 , n 
IT 17 Ort«3> 
77'. 1 77 % Dauphn 
77 l4>.DavasnA 
20' < 8% Day Run 
33%23'rCieVrv 
I4V. 1 1 *: DedcDui 
IB 10% DeflcShd 
34 Z2',DklOGn 
30% 13'. DellCorr 
72% 1 1 %De Irina 
47 37'.Derdsply 
TS’ili Designs 5 
77"'. 11% DialPge 
31%l3%ntmi 
74% 17 Digllnll 
70 9%Dgt1LnV 
30 8 1 '.DioMic 

37% 30 Diane* 

34' . 1?'. DiscZnc s 
27*. 17%DlrGnl s 
25": ll' iDonkenv 
32". l5 3 .Dowotm 
15% lO'-oDresB 
31% 21‘ .Dre/erG 
45% 14' , Duracrf! 
20 l4%Duriri>ns 
29% 15% D%-lchC 
i8% u%earis 

J4V. *'. EMPI 
3J J . B'lEnlHrd 
41* .7t' , Earn van 
48% 9V,EdrAf1 
II 6%Eao>iead 
17 9% ElcSd 

34 13*. ETctrgls 
43 12*4EMArt 
20*1 13%EFI 


14% l?' .Eqtvlnn 

msff&isss 

S '., 7' . Exabyte 
Vrji'.Ekar 
lV%17%EaPlns 

Si :i3i:gss , ‘ 

31% IIWF^SM 
34 17 FarmH m 

18V. 4:. FastCm 
39%21'/.Fa5tmal 


_ 73 314* 39% 38 38*. —V. 

XU .1 24 1685 23 22 23 - 1 

- 16 2504 I8*i 17% 18% 

- 23 420 18 17". 17% — % 

- 34 347 23% Z1 73V. *% 

_ It 5S *% * * — 

A5a 1 J 10 445 34 % 35% 35% _% 
08 55 

_ 15 24*4 I3',d1?% 1J% - % 

„ 20 994 19% 18% 10% — 1 > 

... _ 121 r.'k 7Vj 77. *'/9 

35 JMf 33% 32V: 33". * T 
... 15 975 23 % 22 23 — ' : 

_ 439 47,4 4Vb 4V» 


_ 33 51 22% 21". 21% -W 

- 568 3iv„ 3% 3% — »u 

_ 221982B 19% 18% 19 - *a 

05 e 1.1 13 104 23 22’-a 22% - 

_ 57 14*4 14V. 14V, _ 

_ 9 1974 4% 6*4 4% -% 

■22e S 35 2115 41 39*6 41 *1 

_ 15 374 lt% »S% 14% — % 

.92 3j 6 12 »Vft 25% 25 25*4 - *a 

_ 37 196 15% 14% 15*. 

_ IS 270 18". 17". 17*4 — % 

_ 17 184 14*4 23 % 74'. -% 

_ 14 74 12*. Ill, 12% 

- 13 86 UVi 10". 11% .. 

.BO 2.6 80 181 30*4 79% 30". -111. 

- _ 14970 25% Z3%25V„-1.-,u 

_ 1439 12*4dll% 17 V h * Via 

29 529 37% 36% 3ft% _. 

-. 7819235 11 dBV. 9*4—1 % 
... - 118 28% Z7V. 17% — % 

80 48 ft 43 17V. 16% 14"r -% 

_ 12 305 13% 12*. 11*. — % 

_ ... B37 9*6 d 9 9 — % 

-. 1739 9% 0% *'. 

_. 1ft 131 33% 33 33'. - 

_. *0 1751 13% 12' j 13% -’a 

.20 A 25 7407 24V, 23 34 — V4 

_ 14 44 73'% 22% 22% 

... - Z70 20% 19% 19Vi — % 

... 12 1203 10% 10% 10% -% 

—4 1.0 II 288 23% 73 23% +% 

_ 35 BZ3U44 41% 45 t3% 

M 2.4 19 121 17". 14% 17% 

_. _ 74 71% 70% 31% -% 

-. 22 1847 1 7 16% 161a .*4 

_. 11 733 11*4 11 V. 11% 

_ 18 2129 9% 8*a 9% 

30 U 1 243 28V. 77 27*. ♦% 

.. 31 787 111, 10% M — % 

_. ... 8J8 7% 7*6 7% * Va 

_ 9 2*7 10% 9% 10% - , 

_ 13 105 30*. 30% 30% *% 

_ 1514418 14% 1IU 13% - % 

_ 14 599 14% 15*6 16% ►% 

- _. 212 13% 12% 13 —1 

_ II 239 8*6 BVa 8% * V. 

.14 1.7 8 Sll 9% 8% IV. *% 

„ 4V 455 17% 14V. It*. — V, , 

39 3354 17% 16% 17% _ I 

_. 7 144 17*6 17 17% _ 

Me 2.0-85 13% 13 13% 

AOO 17 45 4SW 50% 49% 50*4 * % 

_ 38 44 14% 14% 14% * *4 

_ 18 2544 14*6 14% 14% * Va 

- II 944 2416 25% 241, ♦% 

.10 A 19 102 17% 16% 16%— I 

- 43 17 77 74 24% — 

- 20 111 13 17*6 12% — % 

_ 14 3447 24% 23% Z3Va « % 

_ 25 1702 14 14% 14 *!V6 

J2 1 0 20 557 33*4 33V. 33% -W„ 

... _ 415 4% 5*i 4 *V. 

04 .1 49 1208 34% 32V. 33% + 1*4 


18". /v.Pigg-cA 
79% II 1 .FilftMel 
12V, dV.PJIBsml 
56". 43 Rrsior 
27V6 17% FslASjrl 
34% iB'mPIATn 

26 l5%FC0<Bn 

31 v. 73": FCwnC 5 

27 I8%RFMIS 
19% l3l'»FlFnG> 
39'-: 73% FlHOv* 
21% 6%FlPd-ltw 
20% l3%FstPalm 
31 '.. 13*. FSecCo 
45''i35 :, -FsiTenn 
13*. IP R«r» 

ZJ 17 FWir 
30*. 10 Foomer 

7% 5% FdLiofl 
7% 5’ , FBLIOA 
38% 30% For Am 
5% 3'.4 ForeslO 
24% 9*. Feu. I 

25 3V.4D Sutl 

12"i 5%FrwnT C 
37% m«FrshChC 
T2%25%Frih 
42 1 /. 3) V. FulrHB 
30% II Funco 
15% J*i.FuturHls 


23%lT’'iGPFna 
41*6 7*]GTI 
r 8'% Golev 
45 3A*.Gortnor 
I fr*i 9%CccaniC5 
23 lllaGrteFA 
24% 9V.Gate2000 
34*6 21 % GnCrHIl 
31% i5%CnNutr s 
22V. 8*6 Gene l*hr 
49V. 31 Genetlnsi 
31*6 9%Gensia 
35% 21 Genlex 
5*6 2 Genus 
39% 24 GcriTvm 
J7H AVuGeoTk 
61 2B%GrmSv 
23*4 1 jV.GinnG 
28% !9V]G>dLew 
19 4%Giieaa 
55*4 l8*4Gfenayr s 
17% f/^GDlVilao 
20% « GoodGy 
21 ll GdyFcen 

26*6 19*4DaulOP 

l?% 4%Gra«Pov 

76".15%GmtcC 
l9%lJ'/jGrtFnd 
14% IVaGFLkeAtf 
2?l.I5%G«nfW 
4*. 2 Grwsmn 
15". 12% Gryphon 
19V, 7 *6 GueUS 
28%l9%C-ullSou 
31*. 9*>GuPfa 
52%34%GvmDroe 
31 % 12*. I mo ft 

40'.,15%Hoaaar 
35". 14 HcmdnBc 
18% l2*«HoroGb 
Z7VS, 22%Harvl pf 
77 17 HUMS vs 

75*6 13%HH-Cmo 
25*6 U’ . Heart Tc 
3A% 72 3 » HrrlndE 
16*: a%HcnaA 
l«1612*:HelenTr 
31 12 *4 Herb He 

II t% Hogan 
17% *..H0linger 
23 A'.HlvwOCn 
JT". 7 HOIlvwdE 
35 IS"-..Hh«JPI- 
18*4 vWHarno-M 
39 23",Homedc 
20*4 ll'.-HgmeTBs 
34 74% Honlnd 
24V, i2%Hombk 
15% 10' .HuoolEn 
77*6 14 HumGen 
25V. )7% Hunt JB 
42% lft Hurrtao 
?7i^ 20", Hunt Bn 

41 19 HufOlT 


JM 2.T 8 

.40 U 70 
1.00 3 ft 8 

Si ?J ... 

.40 2.6 8 

1 18 4J II 


1.04 17 12 

I 48 3.9 ID 

... 25 
08 e 5 18 

.09 U 313 

.09 1.5 304 

1 08 14 12 


AMEX 

Monday's Closing 

Tables Include the nationwide prices up to 
(he closing on Wall Street and do not reflect 
late trades elsewhere. Via The Associated Press 


17 Month 
«Htl LOW STOCK 


Div Ylfl PE lOOl HMi LawLxrtflCh'i 


15 11 COPFI3 1^8 1431 27 23 12 


14' a 8". Carmel 
I4v, BViCcrinHtn 
% VaCtown 
22% II CostleA 
28 22%CosFd 
17% 4%Ca1aR_l 


- 5 5 9 » 9 

_ 47 424 9 d B% 9 *’6 

_ _ lftO Vn V a Vn — "V 

,31 D H 3 22 21*a 21% — % 

1.40a 7- _ 12 27*4 27*» 2294 — % 

_ 13 75 9*6 9*6 «6fc _*» 


B % CavalH s .08 jb 11 14 12% 12% 12'-i +% 


5*4 4'. , CenITc n 

1% v^CeniTcwt 
2I'-.17%CntrPrn 1J0 
6 4V.C3=Caag Jl 
49V. 37 GenM pf 3-50 


946 B AIM sir 
37 18% ALC 
14% 9'AAABC 

25*6 20V. AMC Of 1.75 7.0 
5 19 m ARC _ 

4% 1*4 ARI Hid _ 

24% 22, ARM F pf 138 10.1 
3 IW.A3R J3e VJ 

75% 61% ATT Fd 171 e 4.1 
8% 4 AckCom 

5 3%AcmeU 

6% 4 AdmRsc 
4% 2*kAdvf=in _ 

15V, f*4 AdvMoa 

4% WAdwMedr 
10% 3% AdMd of 
.5% 2 AdvPhac 
14% VU AJrWal 
«% 1V U Alrcoa 
12% BV.A&aW 
.5% 3*4 AlerICSn _ 

17% 4V,.AIhBt4i 
11 *4 8*4 AllouH 
,4*4 3 Alpbaln 
11 4%A]pinGr 

“no^sisar 

Jo^jS^ 118 'K 

54% 27% Am Bin -3D .4 

77".13*6AB8lwl 
I'Vu l%AExp* 

14% 3*4 AIM 84 

16% 13% AIM 85 1,44 9J 
14*6 11 % AIM 84 n .40 ■ 4.8 
15 ll%AIM88n OSe 3.0 
47 3]*4Ai5roef l.ose 2-5 
t8% llTa AmList s ^0b 4.4 

22*4 14*4 AMxeA .44 3J 

31% l4%AM7«e M 33 

14% £*4 AmPoan 
9% 6% AREInv n M 11A 

15 9 ARestr 1J0 153) 

6 2*ASdE 
5 2Vi, ATecnC 

13% 7%Ampal 
2*6 U Amcai wrt 
14% 9*vAmumt 
44% 9% Andrea _ 

5% 1*4 AnoMta _ 

15*4 *4 A no Par I4_50c 

6% 3% Anutico 
14% 5'*>Aprocnn 
10 6 ArrawA 

12V. 4% Arhyth 
4*4 2%Atfro*c 
17*4 2V„AMi 
7% 4*. Alkirtl ift 
"»r. >6AJ1sCM 
V'/u 1 Atlas «9t 
18% 6*6 Audva 
4% VuAudre 
9% 4 AurorEI 
7*6 2V U Azcon _ 




- 21 8% 8% 8% _ 

23 467 28% 27T'a 28". +Y< 

14 76 17% 12% 17% _ 

_ 32 25 % 24*6 74% — % 

27 TO 3% 3% 3V h — »„ 

- 15 4% 4% 4% 

_ 20 23% 23% 23% «■ % 

- 203 1% 3% 2%— V u 

- .79 6ft*V 44 44% -. 

15 173 6% 516 4% *% 

42 3*4 3'/. 3% — % 

If .3 5% 5% 5% — % 

18 147 2*6 2% 7*6 _ 

_ At 14% 13% 14% "*6 
... 45 I"m 1*m 1 *4 4 Vi. 

- 7(1 B 7V. 8 — 

_ 323 2% 2% 2% — % 

- 110 9% 8% 9% * *4 

50 127 1% 2% 2% — % 

19 11 lOVa 10*6 10% — % 

_ 118 4', 4% 4% - 

- 403 IB 17% 17% — % 

_ 11 1*4 I '6 1% —V. 

4 50 4% 04% 4% — *6 

12 B8 8*4 d 8% 8% — Va 

_ 21 3% 3*4 3*4 _ 

- 521 4% 4'Vr 4% -’4 

-72500 58 % 58% 58V, — ».4 
_ 1410 S% 5Vi 5% _ 

_ 27 10 9% 9V, — *4 

T5 ? I!. Fl**6 Ib% — % 

11 6 SU, 51% 51 "6 — % 

- —! «*i 25*‘ _ 

_ 304 T6 1 '4 IV. 

8 IB 3% 3V„ 2P.',| — ' Vm 

10 91 15 I4*i 14 r 4 .1, 

12 S P 1 * «% * Ik 

ID Z7 11% 11% 11*6 _. 

15 14 42‘, 42 42% +% 

18 11 18V. 18 1B'6 — % 

IS 70 20', 19*. 20 — *4 

28 . 20 19% 19% 19% — % 

- 130 7% 7 TV. _ 

- 64 7 4% ft% -'4 

6 37 10V. 10 10 — % 

- IB 3*4 3% 3% —'4 

11 54 Wm 3V„ 3% _ 

31 93 71. TV, 7i, —% 

_ 99 % *-, — % 

8 7 13*6 13% 13% ,% 

81 491 16% 14% 16% - 1% 

29 24 u 5% 5% 5% - % 

,2 4 I'/i, 1% 1*4 “7 m 

15 1 6% 4% 4% — % I 

- M 10 9*4 10 ♦% 

13 5 7 7 7 _ I 

19 42 4*. 4 % 41, ... I 

40 218 2% 7% 2'»m ~V k 


- 304 1%, <V M IV,, "Vn 
32 82 7". 7 7*! -% 


49 V. 37 CenM pf 
17*, 14%CfenlSe 
13*a 4*idyOn 
9% ftOiaflAs 
5*1 7Vi.cn Dew A 
5% 5%ChO*vfl 
34% 13 ChpEn 
28 17 QirtMed 
14% 8 ChtPwr 


_ - 55 5% S 5%— % 

._ _ 20 *4 *6 — Vu 

1JQ 7-i - 41 20*6 20% 20% — % 

.01 J _ 147 5% SV4 5*4 „ 

3J0 9J (40 37% 37% 37% —V. 

1 AS e 10.0 _ 19 14*4 14% 16% — % 

A4I 8.1 „ 345 8 % 7*6 8% 4% 

_ 22 2 7% 7*4 TV, _ 

_. 47 731 2*5 d 2% 2% — V H 

- 44 11 2*4 d2H 2H — % 

_ 15 143 30*6 29*4 29*6 — % 

„ _ 771 23 22% 22% +% 

.11 .9 9 1 11*6 11*6 1116 — V6 


30% i OieySITs 9I05T8 7*6 7% 7% +% 

34%25%CJi,Rv 1.20a O 11 8 28*4 38 28*4 *% 

SS? _ I 14% 14% 14*4 _ 

JT"'* ZfJfQjflnt pt Ul 73 _ 15 25 25 25 _ 

7% 3%QlSes . _ - 31 1348 SV5 5% 5% - 

29 20*. Chiles P( 1JS0 AA - SB 22*6 22% 22*4 +% 

351% 5*,OrajPn _ 22 1S5 9% 9% 9% _ 

IJCWadel _ 2S5 5% 5V6 5% — % 

j%^%aaF 5i. . J8e .9 is 401 9% 9 9% *% 

w. S’ CrRpfcWUO _ 7 79% 78% 78%— 1% 

8% 4% amine _ 23 77 8% B B —V. 

- 54 3V7 37% 36% J7 +** 
516 %CHlOoi _ _ 344 Vm % Vr. _ 

5% t CoastQ _ 12 14D8 7% 7 7 — % 

,r% 2%CogT4lrn „ _ 52 7% d 7% 2% — % 

10% 9 CohanStr AS 7J) _ *19 9% 9*6 9*6 ♦% 

72% iSjaMw M M 10 42 17% 14% 17% „ 

Z5% 9j6ConAHpf 3J2I134 _ 342 MU. 23%7 JVm*1Vu 

7% %CrtDuln - 47 107 4% 4% -U'/m _ 

4% M-u&ICb _ _ 229 «% 4 'a 4% _ 

10% 7% ax RE l AS A8 7 39 10 10 10 

!? , *,iS l P 5lu ^ no -MIDI 30 to 9v™ 9 Vm 9V b +Vi( 

, ?- 1 0%Comm c _ _ 25 15% 15% 15% — *6 

.7% iVi CinOAg n .140 2.0 _ 54 7 6% 4% — V. 

25% ll^Oxnrtwk _ _ 27 13% 13% 13% — % 

_% empire _ _ 13 % % 16 — V,, 

10% 5*«C0naiF _ 7 5 7% 7% 7% 


lg 24% 23V6 24 Um*1Vu 
07 4*6 4*6 41'/!, - 

129 4% 4% 4% _ 

39 10 10 10 

10 9v ri 9 Vm 9Vm * Vm 

25 15% 15% 15% — *6 
5f 7 4*6 6% —V. 


25%l2%D»nrt»k _ _ 27 13% 13% 13% — % 

_% empire _ _ 13 % % % — V11 

10% 5*.C0OCdF _ 7 5 7% 7% 7% 

Jt%13 CnsTom J0C 2J 41 12 13% 13% 13*4 *% 

11% 7%ConlMfl _ 10 30 11*4 11% 11% — % 

31% 3%canvrsn 2-30 1 _ 10 1302 4% 3% 4% **4 

'l?* ?. V°pj«y 88 87 1013 144 10% 9% 1016 _ 

.1% . I%CbrNGn _ 20 2% 2% 2% 

J7%12%Cross A4 U279 130 16% 14 16% +% 

IZ^.^p-OwIMs - 10 74 4% 6% 4% —Vi 

14%ObC P _ 18 \ VT% 17% 17% _ 

23% 1Z'/.QT1CPB - 16 20 14% 14*6 14% _ 

211.13 CwnO .12 A 18 10 19V, 19% 19% +% 

-S'-. 2%CrulSAm — — 105 2*6 3"/ u 7"V|, — Vu 

17, Curtor A4 39 _ 152 16% 14% 14% — % 

VJu I'/.Custmd _ 13 12% 2% 2% _ 

4% %Cvccmn 




- - 343 3% 2% 2*-u _ 


1% *6B8.H Mr 

5% 2 *4 BA HO 
17% 1 l%BAT s 
82% 70% BHC 
29*6 IA9I BNF Be 
24% 1? BadsrM 
11% 6 V. Baker 
5*6 3%Bddw 
23% 1 9*6 BaoEd 1.91c 8-7 
25%21%BTcv7%nlJ8 BJ 
74M>21V6BT cv7% 1.90 BJ 

Vli YnBonvHI 

7Vi, IViaBanynSh - 

2J 1 -. 18% Bamwt ,15e 0 

24% l4%Bam_b 
16% 5VSBarvRGs 
lB%10%BayMea JO 1A 
BiVuIiYuBOVOU 
7% 3 | VuB5HK pwt 
34% 2966B5MRK n 2311 4.1 

3*ii 1 Bebnac 
8% 4%BenEye 
104 82%BergCa 2_00e 3J 
IVi, V w BeinCp 
23%20%BinWW J2r 1J 
194410 WA 
3% 1 Btaphm 
T"u l%BttcAoa 
15 "4 1 1 BIKBI09 

15 ii'abcaiq 

15% II'/iBNYIO 


10 1% 1% 1% _ 

25 21a 2% 2('i— % 

194 17V. 11*4 J2Vu - 'V„ 

49 74*6 76% 76% — % 

10 27 % 27% 27% _ 

5 72 % 22% 22% — % 

323 th 6% 4V, -ft 

35 4'V U 4% 4>Vu 

181 22% 21% 23 «-% 

25 22 % 21*4 22 — % 

20 23% Z2% 13% •% 

94 % % % ... 

24 2 IVa 2 ♦'/„ 

10 19V, 19% 19% _ 

X 18% 18% 10% -% 

312 15*6 IS IS — % 

52 17% 17 17% —ft 

43 4ft 4 4 — Vu 

245 4 % 4% 4*6 

20 32% 32% 32% —ft 
135 IVfe [V„ l'<„ _. 

127 7V, 7 V. 7V6 —V. 

6 88ft 88 08ft *ft 

60 lft l'*n I >4 

23 2O**d2O , "u20"7|, — Vm 
77 10 17% 17% - 

223 1% lVu 1V„ —ft 

10 2*6 7% 2% _ 

7ft lift 11% 11% -ft 
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Executives Call on Politicians 
In Japan to Settle Disputes 


Agaic* Francc-Prvsse 

TOKYO — Japanese busi- 
ness leaders, alanned by the 
dollar's fall to new lows against 
the yra, called on the country's 
feuding politicians Monday to 
form a stable government as 
soon as possible to help rescue 
the struggling economy. 

“The political parties must 
behave in a responsible fashion 
to end this situation," said Ma- 
saru Hayami, chairman of the 
Japan Association of Corporate 
Executives, referring to the po- 
litical disarray resulting from 
Prime Minister Tsutomu Hata's 
resignation Saturday. 

Shoicfairo Toyoda, chairman 
of Toyota Motor Core, and of 
the Keidanretx, Japan s federa- 
tion of economic organizations,- 
said that a “definite external 
policy by the government" was 
needed to stop the yen from 
rising further. 

Mr. Toyoda said he feared 
the yen's rise would not only 
"stir up insecurity in the Japa- 
nese business world" but would 
also "spill over into the global 
economy” 

A strong yen hurts Japan’s 
export-oriented economy by 
making Japanese products 
more expensive and less afford- 
able to foreign buyers. 

Amid growing fears that the 
l's rise would undermine the 
economic recovery now 


taking place, at least two major 
Japanese exporters disclosed 
plans Monday to move more of 
their production offshore. 

Canon Inc. announced plans 
to increase the use of foreign- 
made parts for camera produc- 
tion from IS percent to 40 per- 
cent over the next three years to 
cope with the stronger yen and 
said its camera-making unit in 


southern Japan would buy 


more parts Crom Canon’s pro- 


na 


Dollar’s Troubles 
Hit Asian Markets 


Ageece France- Tre s s e 

TOKYO — Share prices 
tumbled on Asian markets 
Monday in response to sharp 
falls on Wall Street last week 
and the dollar’s continued 
weakness. 


In Tokyo, the Nikkei Stock 
Average lost 22 percent of its 
value, or 465.79 points, to close 
at 20,300.96 after the dollar 
dosed at below 100 yen for the 
fust time in the postwar era, 
hitting a new low of 99.50 yen. 
In Sydney, the All Ordinaries 
Index fell 3 percent, while in 
Hong Kong, the Hang Seng in- 
dex fell 233.52 points, or 2.6 
percent, to 8,647.48. 

Almost all other Asian mar- 
kets were down sharply Mon- 
day afternoon. 


duction bases in Taiwan 
and Malaysia. 

Meanwhile, a senior execu- 
tive at Mitsubishi Electric 
Corp.. the country's third -larg- 
est maker of electric machinery, 
said that company was making 
similar plans. He said that de- 
cline of one yen in the dollar's 
value cost Mitsubishi about 2 
billion yen ($20 million) in 
sales. 

Other businessmen called for 
a further cut in the Bank of 
Japan’s official discount rate, 
which has been at a record low 
of 1.75 percent since Septem- 
ber. to ease upward pressure on 
the Japanese currency and in- 
vigorate the economy. 

The latest developments 
came amid the dollar's plunge 
on Monday to dose below 100 
yen in Tokyo for the first time 
since the early 1940s. Although 
the dollar fell briefly below that 
symbolic level several times in 
trading elsewhere last week, the 
decline to 99.50 yen is Tokyo 
triggered new fears. 

Meanwhile, Japan remained 


gripped by the global ramifica- 
tions of its poli tii 


political and eco- 
nomic problems. “I hope we are 
not heading for the collapse of 
the world economy," said Tada- 
hiro Seldrooto, president of the 
electronics giant NEC Corp. 


Thai Investor Found Innocent 


The Associated Press 

BANGKOK — A criminal court found a 
major investor and II other people innocent 
Monday of stock-price manipulation. 

It was the first case prosecuted under securi- 
ties laws enacted in 1992 to control a market long 
plagued by insider trading and domination by 
syndicates. 

The case sent shudders through the market 
and the government because one defendant. 
Song Watcharasriroj, was among the biggest and 
best-known market speculators and reputedly 
had links with many political figures. He is 
widely known as Sia Song, meaning No. 2 Boss. 

The. charges filed by the Securities and Ex- 
change Commission said he and the 1 1 associates 
made huge profits in 1992 by conspiring to force 
up the price of Bangkok Bank of Commerce 
stock. 

He testified that be had. bought the shares with 
the goal of taking over the bank, not to manipu- 
late the price. 


- The verdict increased the concern among for- 
eign and local institutions about enforcement of 
Thai market regulations. 

But some said the case and verdict might 
prompt regulators to close loopholes and tighten 
trading regulations as well as strengthen their 
presentations in four other cases now pending. 

The Thai stock market index has slid since the 
start of the year, but last year it rose 70 percent in 
one of the best performances in Asia. News of 
the acquittal had no major effect on the market 
Monday. 

ruled that there was insufficient 
. the suspects had acted together to 

push up the bank's stock price. 

“You won’t be able to get the final verdict 
until the Supreme Court makes a decision.'’ said 
the deputy prime minister, Amnuay Virawan, 
who oversees economic affairs. “So this is too 
early to make a comment," 


The judge 
proof that tl 


Electronics Firms 
In Japan Turning 
Efforts to Gadgets 


Las Angeks Times Service 

TOKYO — The fog over 
Japan’s long-suffering elec- 
tronics industry is beginning 
to lift, with new optimism 
being reflected by an out- 
pouring of innovative gad- 

g ets — some useful, some a 
it wacky. 

Sharp Corp. this month is 
introducing a device to 
transmit recorded video im- 
ages over telephone lines, 
and a number of companies 
are introducing an array of 
products that hi ghligh t Ja- 
pan’s dominance in liquid 
crystal display technology. 

Electronics manufactur- 
ers here hope such products 
will help boost a nascent in- 
dustry recovery. Leading 
companies recently reported 
mixed performances tor the 
year ended March 31, but 
most have forecast increased 
profits for the current finan- 
cial year. 

“In general, the numbers 
were slightly better than the 
companies had forecast,” 
Chuck Goto, an analyst with 
S.G. Warburg Securities, 
said of last year's results. 
“As far as this year goes, 
there’s a kind of cautious op- 
timism at the moment." 


“Development was trig- 
artide 


gpred by a newspaper 
saying that at the tune of the 
Tokachioki earthquake, it 
would have been good if peo- 
ple had had a radio, lantern 
and television all in one de- 
vice,'* a company official 
said, referring to the 1993 
quake that devastated a small 
island in northern Japan. Ini- 
tial sales of the device have 
exceeded expectations. 

Tiny but high-quality liq- 
uid crystal displays are “a 
new product that people are 


Whether the 
optimism is 
borne out will 
depend on 
whether the 
new products 
excite 


consumers. 


Whether the optimism is 
borne out will depend on 
whether the new products 
generate excitement among 
consumers, analysts say. 

Among the new products 
are Sharp Corp. s $433 
ViewCam TelePort. Unlike 
conventional videophones, 
which require the person or 
object bong viewed to be in 
front of the camera. Sharp’s 
new setup allows images al- 
ready recorded on videotape 
to be transmitted over a 
phone line in the form of still 
pictures. 

Capitalizing on fear of 
earthquakes. Twin bird In- 
dustries Ltd. is selling a $3 1 7 
outdoor sports lantern 
equipped with a spotlight, 
fluorescent light, emergency 
siren, AM-FM radio and 
miniature color television. 


finding different ways of us- 
ing." Mr. Goto said. New 
products range from increas- 
ingly sophisticated video 
cameras with liquid crystal 
screens instead of viewfind- 
ers to frivolous gift items 
such as Casio Computer 
Co.’s $150 “Can-Tele," a tele- 
vision with a one-inch (25- 
centimeter) screen mounted 
in a beverage can. 

Aside from new products, 
another reason for the im- 
proved outlook for Japanese 
electronics firms, analysts 
say, is that many have cut 
costs significantly over the 
past several years and can 
achieve respectable profits 
even if sales remain flat. 


Joichi Aoi, chairman of 
Toshiba Corp., said the 
worst was over for the indus- 
try. “But because of price 
competition, the recovery of 
earnings is lagging behind," 
he said. 


Ford to Put 
$50 Million 
In China 
Parts Firms 


Bloomberg Business News 

BEUING — Ford Motor Co. 
said Monday it would invest 
$50 million in joint ventures to 
make car parts in Shanghai, in 
response to China’s new policy 
of encouraging foreign compa- 
nies to start making parts be- 
fore they make cars. 

Meanwhile, it was an- 
nounced that 20 of the world’s 
largest carmakers would meet 
here in November to present 
plans for building a car tailored 
to the needs of China’s 300 mil- 
lion famili es. Production is ex- 
pected to start before the end of 
die century, a government offi- 
cial said. 

“We want to cooperate with a 
foreign partner in the design 
process to develop a new vehi- 


Investor’s Asia 


Hong Kong 
Hang Seng 
13000 


Singapore 
Straits Times 


Tokyo 
Nikkei 225 



de that Chinese people can af- 
icial at the 


ford," an official - at the vehicle 
department of the Ministry of 
Machine Building said. 

“This is a clever way to get the 
world's major producers to pay 
to give ideas to China,” said Ber- 
nard Verooux, a representative 
of the French automaker Re- 
nault SA. “They want a car re- 
tailing for under $8,000 with air 
conditioning and an engine large 
enough to perform on highways. 
It seems a bit of a dream." 

Ford signed agreements with 
Shanghai Automotive Industry 
Corp.’s Yan Feng Division to 
make plastic interior parts and 
with S hangh ai Yao Hua Glass- 
works to make safety glass. 
Both Ford ventures are expect- 
ed to start this year. 

Ford also said it was interest- 
ed in starting vehicle assembly in 
China as soon as possible and 
was negotiating electronic-parts. 




F » ftfcTj ' 


1094- 


1®4 

•Exchange 

Index 

Monday 

‘Prew ’■ 


Close 

Close Change 

Kong Kong 

Hang Song . 

8sS47.4S 

8381.00 -2.63 

Singapore 

SfrateTlines . ■ 

Z20kh ■ 

2,245.62 >1.65 

Sydney 

AH Ortfinarias . 

1,857.40 

2,017.90 -3.00 

Tokyo ; 

N3ckef2a5; 

2B£00£6. 

20,766.75 -2.24 

| Kuala Luropur Composite . 

ykii 52 

1,015l03 _. -1.13 

Bangkok 

SET 

1,254-61 

■ *2.92 

Seoul 

Composite Stock 

931.04 

919.96 • +1:20 

Taipei ‘ 

Weighted Price > 

&86&9S 

5,803.35. -0.62 

'Manila' . 

PSJE '• 

2,748.45 

2,789.14 >1.42 

Jakarta 

Stock hutex 

464.38 

46&07 ;.-pj96 

New Zealand 

N2S&40' 

tj 961.30 

■2jQ38-77; .-&80 

Bombay.. 

National Index 

\ijSWl JBO : 

1,998*1 

Sources: Reuters. AFP 


Intenutncal HtnM Tnhaw 

Very briefly: 


• Nissan Motor Co. set up a subsidiary in Hong Kong to manage 
the distribution of vehicles and parts in China. Meanwhile. 
Marubeni Corp. plans to promote sales of Nissan cars in Vietnam. 

• Hoag Kong appointed a three-member panel to study the way 
(be government sells land, in the wake of the ability of a consor- 
tium of developers to push prices lower at a sale last month. 

• PT Bari to Pacific Timber’s net profit nearly quadrupled in 1993 
to 310 billion rupiah ($143 million) as stroag plywood sales led to 
a 27 percent increase in overall sales. 

• Petran Corp-, the refining arm of Philippine National 03 Co., 
plans to price its initial public offering of 20 percent of the 
company next mouth at 9 pesos (34- cents), to raise 9 billion pesos. 

• Taiwan plans to ease restrictions on the number and location of 
foreign bank branches in a move aimed at joining the General 
Agreement on Tariffs and Trade. 

• Nissbo Iwal Corp. will set up three cable television operations; 
this year with an initial investment of 10 billion yen ($10 million ). 

• Japan’s motor vehicle exports in May fell 17 percent from a year 

earlier, for their 14th consecutive monthly decline. afp. afx 


was negotiating electronic-parts, t j • /-'i t , tv • 

engine management systems and l|luO11081H VilllS llUDOrt UlltlGS 

air-conditioning ventures. IT 


air-conditioning ventures. 

Last week, C hina unveiled a 
seven-year automobile- industry 
blueprint that banned new-car 
assembly projects until 1996 
and set a local-content require- 
ment of at least 40 percent on 
cars made in C hina after that 
time. In addition, companies 
with parts ventures in China 
will get priority treatment after 
1996 for their applications to 
set up assembly plants. 


The Associated Press 

JAKARTA — The govern- 
ment said Monday it was lower- 
ing import barriers on a wide 
range of goods to bolster eco- 
nomic growth. 

Duties on passenger cars and 
station wagons were cut 25 per- 
cent, while those on textile ma- 
chines and parts were reduced 
by from 10 percent to 25 per- 
cent Import duties on agricul- 


tural machines were cut by 
from 5 percent to 20 percent, 
while those on palm and coco- 
nut oils and basic pharmaceuti- 
cal materials were abolished. 


“This is a follow-up to mea- 
sures already taken to improve 
industrial efficiency and boost 
investment and economic 

growth," Saleh Afiff, an eco- 
nomic official, said. 



A LSTHOM 


Alcatel Alsthom is an international producer of techno- 
logically advanced infrastructure equipment for ttie 
communications systems, energy and transport sec- 
tors. The group ranks 





among the world leaders 
in all of its areas of acti- 
vities. 

With 196,500 employ- 
ees, Alcatel Alsthom is 
active in over 100 coun- 
tries around the world. 

In 1993, with sales of 
FF 156.3 billion, Alcatel 
AJsthom’s net income 
amounted to FF 7 billion 
and placed it among the 
world's forty largest 
companies. l 


H 


LAFARGE 
C O P P £ E 




Laferge Coppee is one of the World's foremost produces of bu&fing 
materials, pnr over 160 years our products have been improving ttie 

quality of life by enhancing 
safety, comfort and esthetic 
appeal. By focusing on custo- 
mers and bukfag on our exper- 
tise in industry and services, 
we bring all of our clients — 
notably professionals in 
construction, civil engineering 
and related industries^ raducts 
uniquely suited to their needs. 
We hold leading positions in 
each of our core businesses: 
cement, concreted and aggre- 
gates, gypsum, calcium ahxm- 
oates and formulated readyto- 
use products. By expanding 
mm — our product fine and moving 

rto mart*, L^jeCopp® 

on aXrtant to progress 85 3 ^ 

fertile wefbeir® of society and the environment 




1993 resets were in line with preliminary estimates and were affec- 
ted by the depressed economic climate in Continental Europe and 
esperiaSy in France. 

Increased aSocations to provisions were responsible for a deefine in 
net income despite progress achieved by the Group in terms of both 
bankir^ income which rose 4.9% to FFr.41 ,675 mffion and net opera- 
ting income which advanced 


UMPIT WfNt '•»> 





8.5% to FFr.1 2,457 million. 
Above all, 1993 was for BNP 
the year of privatization which 
was as much a technical as a 
popular success and put BNP 
on an equal tooting with its 
large international competitors. 
Consequently, BNP's goal is to 
ensure its development through 
a recovery of its profitability. To 
do so, BNP will be focusing its 
strategy on its two core busi- 
nesses : retail banking in 
France and international ban- 
king for large corporate and 
institutional clients. 2 


BBr 


In 1993, FYemium income: FRF 64.3 bn 

Net profit (Group Share): FRF 1.262 bn 
Assets managed: FRF 217 bn 


CNP is France’s leading personal insurer thanks to 

its expertise constantly 


LKAB 


LKAB is one of the world's leading producers of highly 
upgraded iron ore products. More than 85 percent are 

delivered to European 
steel mills, but LKAB also 
exports to more distant 
markets such as the 
Middle East and 
Southeast Asia. 





Gross revenues in 1993 
were MSEK 3,627 
(3,737). Income after 
financial items improved 
by 52 percent to MSEK 
608 (399), mainly due to 
greatly reduced costs, a 
slightly higher dollar and 
higher financial income. 

LKAB's ongoing capital 
investments comprise the largest industrial investment 
project in Sweden at the present time and include a 
new main level and a new pelletizing plant in Kiruna 6 


tS&B 



renewed by the drive 
toward innovation. Its 
market share reached 
17% in 1993. 

CNPs statute has chan- 
ged: it became a limited 
liability company in 
1992. CNP's imminent 
listing on the Paris Stock 
Exchange and the 
strengthening of its capi- 
tal base will guarantee its 
coming developments. 





Lyormaise des Eaux is an industrial group which is present in over 
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S PORTS 

Sanchez Vicaric 

Wimbledon Tin* 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, JUNE 28, 1994 


*<**'*<* P<*, Service 

WIMBLEDON, England — 
mesmerizing^ Monday 
NaiSS 5 ^ded With Martina 
Navxatflova still rolling along 

Jjnmy way , JP aJI 

fWoed Pete Sampras sieamroll- 
mg yet another mostly helpless 

opponent 

J5 U > cd 16 sin 8les 
matches Monday in the fourth 
round for men and women on a 
lovely afternoon of blue skies 
mid freshening breezes. When 
the final fuzzy ball had been put 
away, three American men — 
Sampras, Michael Chang and 
Todd Martin — and five Amer- 
ican women — Navratilova, 
Lori McNeil, Zina Garrison- 
Jackson, Gigi Fernandez and 
Lindsay Davenport had ad- 
vanced to the quarterfinals. 

Davenport’s victory came 
against Gabriela Sabataini of 
Argentina, a 6-1. 6-3 destruc- 
tion that was never especially 
close. Davenport, who only 
graduated from high school a 
week ago, advanced to her sec- 
ond Grand Slam quarterfinal of 
the year. She lost to Steffi Graf 
in Australia in January. 

Another two of Wimbledon’s 
more compelling first-week sto- 
ries continued, as well. Garri- 
son-Jackson and McNeil, child- 
hood friends from Houston, 
both had significant victories 
after struggling, McNeil early, 
Ganison-Jackson late. 

Garrison - Ja ckson eliminated 
the highest women's seed left in 
the tournament. No. 2 Aranxta 
S&nchez Vicario of Spain, the 
French Open champion. 7-5, 4- 
6. 6-3. Last week. McNeil had 
bumped off lop-seeded Steffi 
Graf in the first round. On 
Monday, down a break and 
trailing 4-2 in the first, she ral- 
lied for a 7-6 (7-4), 7-6 (7-4) 
victory over lefthanded Floren- 
ria La bat of Argentina. 

But Bryan Shelton, the native 
Alabaman who had gone far- 
ther in this tournament than 
any black American man since 
Arthur Ashe in 1976. was elimi- 
nated by Christian Bergstrom 

Monday Results 

MEN'S SINGLES, FOURTH ROUND 
Pot* Samaras (I). Ui. def. Daniel Voee+ 
Czech Remtillc.A-«.fr-l. 7-4 (7-SI; Wavtie Fer 
relra. Sooth Africa, del. Janas Blorkman 
Sweden. frj» fr-7 (2-7l.A-4.4-3; Michael Chans 
llOI.UJ.det. Serai Brvguera <81. Spain. 4^.7- 
4 <9-71,4-0; Christian BeroUrom. Sweden, del 
Boron Shelton. UJ.3d.4-3.3-4.fr-]> 104; Todd 
Martin (A), UJ.def. Andre Agassi (13). U J. fr 
J.7-J4-7 (0-71.44. 4-1; Goran Ivanisevic Ml. 
Croatia def. Alexander Valkov, Russia 7-4 (?• 
3 1. 7-tf (44). 44. 4-2. 

WOMEN'S SINGLES. FOURTH ROUND 
Glal Fernandez. UJ- det. Tayuk Baswfel. 
Indonesia 44, 4-1; Larisa Netland, Latvia. 
def.Amanda Coetzer ()4),Saiiih Africa 1-4.4- 
3.44; Lari McNeH.UJ.def. Floreficla Lnbai. 
Argentina 74 17-41,74(74); Undsav Daven- 
port (*). UJ.def. Gobrlela Sahotlrl (10). Ar- 
gentina 6-1. fr3; Jana Novotna (5). Czech Re- 
auhl ladef. Hooka Sown ntatsu. Jo pan, 4-X 4-3; 
Martina Navratilova Ml. U J.det. Helena Su- 
kava (17). Czech RePuMtc. 4-1. fr-2; Conchiio 
Martinez (3). Spain, def. Kristine Radford, 
Australia 34.4-3.64; Zina Gcrrlson-jpcksan 
(13). U J. det. Arantxa Sanchez vicario (21. 
Spain. 7-4. 44. 4-1 


iSfcpfev:-'. 


Blacks Now Play 
A Stronger Role 


of Sweden in a grueling 3-6. 6-3, 
3-6, 6-3, 10-8 macih that lasted 
three hours, 38 minutes. 

Navratilova, playing in her 
22d Wimbledon and almost 
certainly her last in singles, 
needed only 44 minutes to dis- 
patch long-time foe Helena Su- 
kova, who's mother once taught 
Navratilova in Czechoslovakia, 
6-1, 6-2. Perhaps Navratilova 
was recalling Sukova knocking 
her out of last year’s U.S. Open 
in the fourth round; this day her 
opponent was broken in her 
first service game and stood no 
chance almost from the mo- 
ment they started playing. 

**1 don’t think I’ve ever quite 
handled Helena like this be- 
fore,” Navratilova said. “It was 
nice to have one so easy.” 

Sampras had much the same 
sort of breathe-easy day in a 6- 
4, 6-1, 7-6 (7-5) match that took 
only 1:29 to complete. Hitting 
77 percent of his first serves in, 
with 18 aces, Sampras has now 
gone four matches without los- 
ing a set 

Said Agassi: “He’s clearly the 
best player in the world, playing 
a level above anyone else right 
now. Somebody is gonna have 
to play above their game to beaL 
him, but it’s certainly possible.” 

The one American the Eng- 
lish crowds hated to see go was 
Agassi, all baggy shorts, scrag- 
gjiy beard, flowing ponytail and 
dangling earring. None of the 
above accouterments did him 
much good on Centre Court 
against Martin, who triumphed 
6-3. 7-5, 6-7 (7-0). 4-6, 6-1. 

When someone asked Martin 
if he felt like the man who just 
shot Bambi. he said, “In my 
eyes, there aren't too many sim- 
ilarities between Andre and 
Bambi.” 

In Agassi's eyes, all he saw 
was an elevation of Martin's 
serve and volley game in the 
fifth set, not to mention some of 
the hardest ground strokes and 
longest stretches at the net to 
put away potential passing 
shots ever seen at Wimbledon. 

“Watch the fifth set again 
and count how many outrigbL 
winners he hit and watch his 
level of play." Agassi said. “The 
guy served incredible, hit in- 
credible returns, hit incredible 
ground strokes. It’s tough to 
play a guy like this on grass 
courts, no question.” 

“He serves big and has in- 
credible reach, and if the ball is 
anywhere near his wheelhouse. 
it's going to come back pretty 
hard. He doesn’t move very 
welL But that's how he avoids 
movement, by dictating the 

point.” 

Martin was dictating playin 
winning the first two sets and 
went up a break early on Agas- 
si’s first serve in the third set 
But Agassi managed to return 
some of Martin’s serves for win- 
ners and started to get some 
confidence and a huge boost 
from the crowd. 

When Agassi clinched the 


fourth set, the roar — punctuat- 
ed by squeals — from Centre 
Court could be heard all around 
the grounds, but Martin was 
fazed by none of it. 

“It’s nice to play a mutch 
once in awhile when the crowd 
is not on your side.” said Mar- 
tin, who’ won the Queer’s 
warm-up event on grass two 
weeks ago. 

Navratilova, 37 and $oing for 
her 10th Wimbledon singles ti- 
tle, is getting excited about 
moving into a quarterfinal 
match against another Czech ri- 
val, Jana Novotna, who also 
would dearly love to get back in 
the final. Novotna knocked 
Navratilova out of the semis 
here last year and will forever 
be remembered for crying on 
the shoulder of the Dutchess of 
Kent after losing in the final to 
GTaf. 

“I’ve stopped thinking it's my 
last Wimbledon.” Navratilova 
said. “I am absolutely in the 
now. I want the next match. 
That’s all I'm thinking about.” 

In Tuesday's other three 
quarters, McNeil will play 
Larisa Neiiand of Ukraine': 
Conchita Martinez of Spain, 
now Lhe highest-seed left at 
No. 3. will play Davenport and 
Gigi Fernandez will play Garri- 
son-Jackson. 

— LEONARD SHAPIRO 


On the Tennis Stage 


mm 



H , 




If ,-l . U-t , • A . 


(tof) ftwsy/Afenoe Fraacc-JVcuc 

Lindsay Davenport putting power behind her shots Monday, defeated Gabriela Sabathn. 


Magic Johnson Buys 
A Stake in Lakers 


The Associated Press 

INGLEWOOD. California 
— Magic Johnson realized his 
longtime dream to own part of a 
National Basketball Associa- 
tion team, purchasing a part in- 
terest in the Los .Angeles Lak- 
ers, it was announced Monday. 

Johnson will hold the title of 
vice president and will work in 
“various management areas 
where his expertise could be 
beneficial to the Lakers,” the 
team announced. 

Those duites will include col- 
lege and professional player 
evaluation assistance to the 
Lakers’ general manager. Jerry 
West, assisting the coaching 
staff, marketing and public re- 
lations. Sale of pan interest in 
the team is subject to league 
approval, the Lakers said. 

“His energy, enthusiasm and 
love of the Lakers cannot help 
but make our organization 
stronger,” the team’s majority 
owner. Jerry Buss, said of John- 
son. 

“Being an owner in profes- 
sional sports has always been 
my ultimate goal, so this is like 
a dream come true.” Johnson 
said. “That fact that it is with 
the Lakers, and in partnership 
with someone I respect as much 


as Dr. Buss, makes it all the 
more special” 

“.Also, this is a great day for 
.African Americans.” he added, 
“as it demonstrates the ability 
to accomplish what you set out 
to do if you work hard enough 
and have patience.” 

Johnson's stake in the team 
was not disclosed, but probably 
would be less than 10 percent, 
the Los .Angeles l imes reported 
on Sunday. 

Johnson fed the Lakers to 
five NBA championships in the 
1980s. He retired in 1992 after 
he was diagnosed with the 
AIDS virus. 

a Pippen Trade Offer Gted 

The All-Star forward Scottie 
Pippev is being offered as trade 
bait by the Chicago Bulls, ac- 
cording to a report published 
on Monday. Reuters reported 
from Chicago. 

The Chicago Tribune quoted 
an unnamed general manager 
of an other team as saying Pip- 
pea was being shopped by the 
Bull* ahead of Wednesday's 
NBA draft. The team, which 
captured three straight NBA 
championships before this year, 
had no comment. 


U.S. Trade Body Investigates PGA 

NEW YORK (AFP) — The Federal Trade Commission is 
investigating the PGA Tour for possible “unfair methods of 
competition,” according to a report published Monday. 

Brand week Magazine said the FTC was speaking with golfers, 
television network executives. PGA officials and tournament 
organizers in its investigation into the $500 million circuit. The 
inquiry is aim ed at nontour events that pay rights fees for PGA 
players and in turn sell television rights to their events. Those 
events include the Shark Shootout, backed by Greg Norman, the 
World Golf Championship, the U.S.- Japan Senior Golf Cup, and 
several Skins Game-style events and tournaments. 

Most events are produced by independent groups that buy 
television time and sell advertising for a profit The PGA is 
registered as a nonprofit entity. 

North Korea to Quit Asian Games 

TAIPEI (AP) — North Korea has decided to pull out of the 
Asian Gaines in Hiroshima, Japan, in October, a senior North 
Korean sports official said on Monday. 

Chang Ung, secretary-general of the North Korean Olympic 
Committee, declined in a telephone interview to give a reason for 
not entering the games. It was not known whether the decision 
amounted to a boycott related to the international furor over 
North Korea's nuclear program. Chang is in Taiwan for a meeting 
of officials of die East Asian Games, which are to be held in 
Pyongyang in 1995. 

For the Record 

David Frost held off Greg Norman for a one-stroke victory in 
the Greater Hartford Open on Sunday, in CromwelL Connecticut. 
Frost shot a final-round 69 to set a 72-hole record at 12-under-par 
268. (AP) 

Leo Gamez of Venezuela survived a seventh-round knockdown 
and fought to a draw against challenger Kart Chatbandil of 
Thailand on Monday in Bangkok, retaining his WBA junior 

flyweight crown. (AP) 

A! Unser Jr. held off Us Penske teammate Emerson Fittipaldi's 
late challenge to win his fourth IndyCar race of the year in the 
Portland 200 on Sunday. ( Reuters J 


By Leonard Shapiro 

Washington Past Service 

WIMBLEDON , England — 
The arrival of Lori McNefl. 
Zina Gamson-Jackson and 
Bryan Shelton in the fourth 
round of the world’s most ven- 
erated tennis tournament made 
headlines all over the world last 
week. The route each took to 
get there may be even more re- 
markable considering their 
starting points. 

Much has been made of the 
Wimbledon upsets pulled off 
by Shelton and McNeil, a 30- 
year-old native of Houston who 
knocked off top-seeded and 
top-ranked Stem Graf in the 
first round, the first time any- 
one ha d ever eliminated the de- 
fending champion that early in 
the tournament. 

The next day, Shelton, 28, 
from Huntsville^ Alabama, who 
had to go through qualifying to 
play in this event, eliminated 
the 1991 champion and second 7 
seed Michael Stich of Germany 
— in straight sets, no less. Shel- 
ton continued with a victory 
over Karim Aland of Morocco 
and Jason Stoltenberg of Aus- 
tralia before faffing Monday in 
the fourth round to Christian 
Bergstrom of Sweden in a hard- 
fought five-set match. 

Garrison- Jackson, also 30 and 
from the same Houston public 
parks program that spawned 
McNeil, has quietly made her 
way to the round of 16. She’s 
been here and beyond before; in 
1990 she became the first black 
woman since Althea Gibson in 
1957 and 1958 to reach the final 
of a Grand Slam event! 

But never before have three 
black American players gone so 
deep into the draw at Wimble- 
don. While all three players have 
generally downplayed the signif- 
icance of that accomplishment, 
many people bade home are 
wondering whether their success 
might inspire other minority ath- 
letes to take up a sport that has 
traditionally been oat of their 
milieu, and their price range. 

All -three players said they 
had role models of their own. 
The late Arthur Ashe was on all 
‘ their listk: So too were far moire 
obscure heroes. 

For Ganison-Jackson and 
McNeil, it was John Wilkerson, 
the Texas Southern tennis coach 
who also ran a free program for 
youngsters at MacGregory Park 
in Houston, a public tennis facil- 
ity not far from some of the 
inner city’s roughest territory. 

Ganison-Jackson was 10 
when she startedto play. *T was 
string in the stands watching.” 
she once told Tennis magazine. 
“John came up and asked me 
what I thought I was doing us- 
ing up the athlete's air. Thai he 
asked me if l wanted to come 
out and hit a few balls. So I did,. 
and I went bade every day.” 

Garrison-Jackson’s mother 
was retired and living on a Social 


Security pension. 
sold chicken dinners at the part 
to raise money for 
clothes and travel When that 
wasn't enough* Wflkereoa more 
than occasionally dipped mto 

bis jpocket for Gamson-Jactsoa, 

and others in bisprogram. • 

McNeil recalled getting start- 
ed much the same way. Though 
her father, Charlie, had played, 
for the San Diego Chargers.. 
was hardly an era of big salaries . 
for professional athletes. 
McNeil like Garrison-Jackson.- 
also depended on WiBcerson for 
most of her tennis needs. 

Sbelton had it slightly easier-- 
Theson of a retired army rechiu-_ 
r jan, he was an all-around ath-,; 
lete who started playing teams at 
9. When he was 14, he caught the 
eye of Bill Tym, the one : tune 
tennis coach at the University of 
Tennessee- Chattanooga, who . 
bought the Huntsville Athletic 
Gub in 1979. Tym coached the 
youngster until Shelton went to 
Georgia 'Tech on' full scholar- 
ship, earning a degree in indus- 
trial engineering. 

What is missing from these, 
tales of young minority athletes 
straggling to make it in a sport 
generally dominated by players - 
.from far more affluent families'? 
Early help from the U.S. Tennis 1 
Association. 

‘ Only in the past six years has . 
the .organization made a con- 
certed effort to identify and 
support promising young mi- 
nority athletes in a program ini- 
tiated by Ashe in 1987. Chanda 
.Rubin,- an 18-y ear-old from 
Louisiana is now on the wom- 
en’s arcuit and is clearly a 
USTA minority success story. 
But -there are still many people 
. who believe the organization is 
not doing enough. 

In May, Sports Illustrated re-.. 
ported that the USTA spends 
less than one percent of its S91 
' million annual budget — about 
$500,000 a year —on minority 
programs in the United States.; 

Gamson-Jackson directs her 
own program in Houston, the 
Zina Garrison All Court Tennis 
Academy. It runs on an after- 
school basis for most of (he 
year; with a concentrated sum-' 
mer program for predominant- 
ly minority players. 

Gamson-Jackson has almost 
500 kids enrolled in a program 7 
that also emphasizes education,' 
with 200 more on a waiting list 
to get in. The operating costs 
run about $250,000 a year, al- 
most all raised from corporate 
and private . donations. The 
USTA, she said, has never of- 
fered help and so far. she’s nev- 
er fell compelled to ask for it. . 

McNeil and Shelton say they 
devote as much of their free- 
time as possible to helping mi-/ 
nority Youngsters learn the 
game/ They give clinics, speak 
in schools, contribute equip- 
ment and solicit donations from . 
their various sponsors. 


DENNIS THE MENACE PEANUTS 


CALVIN AND HOBBES 



























Pi 


ay 


SPORTS 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, JUNE 28, 1994 


Page 17 


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White Sox 

I 

Edge Out 
Mariners 


The Associated Press 

Even at 33, Chicago's Jose 

DeLeon stOJ gets nervous on 
the mound, especially with the 
game on the line. 

So he was sweating heavily 
when he struck out Jay Buhner 
with the bases loaded to end the 
game Sunday as the White Sox 

AL ROUNDUP 

held on for their sixth straight 
victory, an 8-7 defeat of the 
Marinas in Seattle. 

“Jay Buhner is a good hitter,” 
DeLeon said after striking out 
the Mariners’ cleanup hitter on 
a 2-2 fodcball that Buhner took 
for a called strike. “I had to 
throw strikes. On that final 
pitch, I didn’t want to go 3-2 
with the bases loaded. Then I 
really would have been ner- 
vous.” 

Tim Raines and Julio Franco 
hit RBI singles in the eighth 
inning for the White Sox, who 
trimmed Cleveland's lead in the 
AL Central to two games. They 
swept a four-game series in the 
Kingdoms for the first time. 

Trailing 8-6 in the ninth, the 
Mariners loaded the bases off 
rookie Dane Johnson on a sin- 
gle and two walks. Dennis Cook 
replaced Johnson and threw 
three straight balls to Ken Grif- 
fey Jr ..who then fouled off two 
straight pitches before walking 
to force in a. run. 

DeLeon, Chicago's sixth 
pitcher, earned his first save 





Giants Head for Nemesis L. A. 
After 8-1 Defeat of Rockies 


Jeff MavBtv'AfKiKr FranccPnMC 

Umpire Rick Reed signaling Mike Hargrove’s ejection as the Cleveland catcher Tony Pena restrained Ms manager. 


since 1986 with Pittsburgh. The 
White Sox are looking for a 
closer since benching Roberto 
Hernandez on June 20. Hernan- 
dez, who leads Chicago with 
seven saves, blew his fourth 
save and suffered his third de- 
feat June 17 against California. 

Griffey, who leads the majors 
with 32 home runs, and Chica- 
go's Frank Thomas, No. 2 with 
28, failed to homer for the sec- 
ond straight game. Thomas had 
an RBI double in the first in- 
ning. Griffey was 2-for-3 with 
an RBI and Thomas was l-for-3 
wxthanRBL 

Athletics 10, Tigers 5: Troy 
Neel's two-run single and Mike 
Brodick's two-run double high- 
lighted the the seven-run first 
inning in Oakland, California. 

The A’s, who swept the three- 


game series with Detroit, have 
won 10 of their last 12. Terry 
Steanbach went 3-for-4 with a 
homer and Ruben Sierra had 
three hits for Oakland. Ron 
Darling allowed six hits over 
seven innings for the A’s. 

Angels 4, Rangers 3: Tim 
Salmon homered to lead off the 
eighth as California hand ed vis- 
iting Texas its 10th loss in 12 
garntn; S alm on hit a 1-2 pitch 
from John Dettmer over the 
left-field fence fro his 16th 
homer. Texas dropped to 33-40 
in the American League West. 
Mark Leiter pitched one inning 
for the win after relieving start- 
er Mark Langston, who struck 
out a season-high nine in seven 

innings. 

Orioles 7, Blue Jays 1: In 
Toronto, Mike Mussina pitched 


a five-hitter for his 11 th victory 
and Brady Anderson homered 
twice as Baltimore handed the 
Blue Jays their eighth straight 
loss. 

Mussina pitched his third 
complete game to join New 
York’s Jimmy Key as baseball's 
only 11-game winners. He 
struck out six and walked one in 
lowering his league-leading 
ERA to 2.67. 

In earlier games, reported 
Monday in some editions of the 
Herald Tribune : 

Twins 11, Royals 4: In Min- 
neapolis, Kirby Puckett sur- 
passed Rod Carew as Minneso- 
ta's career-hits leader and drove 
in three runs for the Twins. 
Puckett had three hits, giving 
him 2,088 in 11 seasons with the 
Twins. Carew had 2,085 hits 


in 12 seasons with Minnesota. 

Puckett passed Carew with a 
two-run homer, in the first in- 
ning, over the center-field 
fence. 

Brewers 5, Red Sox 4: In 
Milwaukee, Dave Nilsson 
drove in three runs, including 
the go-ahead score in the bot- 
tom of the eighth. His two-out 
■single off reliever Chris Howard 
drove in B J. Snrboff. 

Yankees 12, Indians 11: In 
Cleveland, Jim Leyritz and 
Mike Stanley homered and Jim 
Abbott won for the first time in 
a month as New York almost 
blew an eight-run lead. 

Cleveland trailed 12-4 before 
scoring seven runs in the eighth, 
including a two-run homer by 
Manny Rami r e/, and a three- 
run shot by Albert Belle. 


The Associated Pros 

The last time Barry Bonds 
and the San Francisco Giants 
played at Dodger Stadium, they 
tost the National League West 
race. 

When they return to Los An- 
geles Monday night, they will, 
have a chance to get back into 
the chase. 

Bonds hit two homers and 
drove m five runs Sunday as the 
Giants beat the Colorado Rock- 
ies, 8-1, in Denver. Robby 
Thompson added three bits and 
scored three times in his first 
game back from the disabled Hsl 

The victory left the Giants, 
expected by most experts to 
easily win the realigned NL 
West this season, in third place 
and 616 games behind Los An- 

f des. The Giants, struggling at 
2-43, open a three-game set 
Monday night in Los Angeles. 
They have not played at Dodger 
Stadium since they lost, 12-1, 
on the final day of the 1993 
regular season, costing them a 
chance to tie Atlanta for the 
division tide. 

“I was pushing to get back 
for the LA series,” Thompson 
said. “It really didn’t matter 
what I did. 1 would have taken 
an 0-for-4. It worked out that 1 
got three hits.” 

Bonds hit a pair of two-run 
homers, connecting in the first 
and fifth against Greg Harris. 
Bonds, who has 19 home runs, 
also had an RBI sin gle in the 
third. 

“We won a game we had to," 
Bonds said. 

Thompson, playing for the 


first time since be injured his 
right shoulder on May 8, hit the 
first pitch he saw for a double 
off the center-field wall. He hit 
the next pitch he saw for a dou- 
ble off the top of the fence in 
right-center. 

John Burkett shut out the 
Rockies on five hits for eight 

NL ROUNDUP 

innings. Only three runners 
reached second base before Rod 
Beck relieved to start the ninth. 

Dodgers 5, Astros 4: Brett 
Butler nit a tiebreaking bomer 
with two outs in the seventh, in 
Houston. Butler homered for 
the second straight day and has 
five this season, his most since 
hitting six for San Francisco in 
1988. He also had two singles, 
main ng him 25-for-55 lifetime 
against Doug Drabek. 

Drabek was foiled in his bid 
to become the National 
League’s first 11-game winner 
this year. Kevin Gross got the 
victory and Todd Worrell went 
two inning s for his sixth save in 
11 chances. 

Reds 12, Padres 4: In Cindn- 
nari, Hal Morris had four hits 
and Kevin Mitchell hit his 19th 
home run, and the Reds won 
their seventh in eight games. 

Morris's RBI single put the 
Reds ahead, 5-4, and keyed a 
five-run sixth. Mitchell earlier 
matched his home run total 
from 1993, when he played only 
93 games because of injuries. 

Cardinals 3, Ciris 1: Rick 


Sutcliffe, who won the Cy 
Young Award for Chicago in 
1 984, won in his first game back 
at Wrigley Field in three sea- 
sons. Sutcliffe gave up one run 
on four hits in six inning!?, it 
was his first victory against Chi- 
cago since 1979, when he 
pitched for Los Angeles. 

Rene Arocha. the fourth Sl 
L ouis pitcher, worked the ninth 
for his sixth save. 

In earlier games, reported 
Monday in some editions of the 
Herald Tribune: 

PWffies 9, Braves 8: Darren 
Dauiton went 3-for-3 with a 
three-run homer and scored 
four times for Philadelphia. 
Ryan Klesko hit his second 
home run of the game and Da- 
vid Justice hit a two-run shot in 
the eighth inning for visiting 
Atlanta. 

Doug Jones got the last out of 
eighth and pitched the ninth for 
his league-leading 1 9th save. He 
has pitched 20M> scoreless in- 


Pfrates 7, Mets 3: Paul Wag- 
ner blanked New York before 

tirin g in the ninth, and v isitin g 
Pittsburgh won its sixth in a 
row. Wagner took a four- hitter 
into the ninth, then gave up 
four hits and three runs. 

Marlins 6, Expos 1: Mark 
Gardner pitched 7% shutout in- 
nings a gainst his former team 
and tied a dub mark with 10 
strikeouts as Florida won in 
Montreal Gardner was activat- 
ed from the disabled list before 
the game, having mismri more 
than two weeks because of an 
injured groin. 


For 2 Sluggers , Joyful Pursuit of Maris 


INTERNATIONAL CLASSIFIED 


: r :f:3 3 

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— ■ z rjOT 

, 2 K 

-.'J CrriTs 

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By Claire Smith 

New York Tima Service 

SEATTLE — Too bad Roger Maris 
didn't Hve in the life and times of Ken 
Griffey J& and Frank Thomas. 

Thirty-three seasons ago, Mans’s suc- 
cessful pursuit of Babe Ruth's legendary 
record of 60 home runs in a season was like 
a Greek tragedy, so fitful it was for the 
Yankee power hitter. 

But now, Griffey, the Seattle Mariners’ 
center fielder, and Thomas, the Chica g o 
White Sox first baseman, are mounting thor 
own spirited run at Mans’s magical 6L And. 
brother, are they haying fun. doing it . _ 
Griffey mid Thomas, tobo thfr weekend . 
faced off for the first time tins season in 
Seattle,' are both ahead of Mans’s pace: 
Going into Sunday’s game, Griffey has 
already hit 32 home runs and Thomas 28. 

Maris ended June 1961 with 27 home 
runs. They are also leaps and bounds 
ahead of Maris in Jangbs, as was evident 
when the two joked behind the batting 
cage this past Friday night- 
“We didn’t talk about baseball,” Griffey 
would say later. “We did check each oth- 
er's hair, though.” 


Griffey removed his baseball cap and 
ran his hand through his hair. 

“ Tours falling out?* *Naw, yours?’ ” he 
’ said, re-enacting the ultimate home-run 
litmus test, since legend has it that Mans’s 
hair fell out in clumps during the traumatic 
1961 season. 

Other than that, Griffey said, the con- 
versation had nothing to do with long balls 
and the chase. 

“We just talked about his daughter and 
my son getting married,” Griffey said of 5- 
month-dd Trey Griffey and 3-month-old 
Sloan Thomas. “Maybe we can monopo- 
lize the gene pool” 

- told -hhni go ahead, have fun," Thom- 
as stud with a laugh- “Well build a super 
athlete.” 

Somewhere, the Future Pitchers of 
America just shuddered. Present-day 
pitchers aren’t in much better shape. 

“There’s competition, friendly competi- 
tion,” Thomas said. “And it’s more than 
just me and Ken. It’s all of us." 

Griffey and Thomas are themselves be- 
ing fiercely pursued. The Giants’ Matt 
Williams has 27 homers. Jeff Bagwell of 
the Astros, who hit 3 home runs Friday, 
has 23. The revitalized Jose Canseco of the 


Rangers has 21, as does Andres Galarraga 
of the Rockies. 

But most eyes are on Griffey, the man 
who has shattered Ruth’s record for most 
home runs (30) hit through June. 

“He’s deflecting everything off of me, 
which is good,” said Thomas, the Ameri- 
can League’s most valuable player in 1993. 
“I'm having the best year of my career so 
far. And I'm having fun just going out and 
doing what Fm doing.” 

Whether he, Griffey and the other 
young sluggers get to keep doing what 
they’re doing remains to be seen. The 
hoopla is building, they know. Bui, said 
Thomas, “1 don’t think it’s going to get too 
crazy because we all know there win be a 
work stoppage.” 

Griffey acknowledged that possibility, 
too, and, like Thomas, he does so without 
bitterness. “My dad went on strike in 1981 
for 51 days,” Griffey said of his father, 
Ken Sr., a former all-star outfielder with 
the Cincinnati Reds. 

“He struck for the things I have now. If 
we go on strike, it will be for the guys who 
come after me. I'm not going to be selfish 
and talk about a record and put that ahead 
of everything else.” 


ANNOUNCEMENTS 

Attention visitors 
from the U.S. ! 



LB AS E BALL 


Major Laague Standing* 


AMERICAN- LEAGUE 


II 

I 

1 

« 

EastDMdan 

W L 

44 77 

PcL 

SSO 

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Baltimore 

41 31 

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316 

Boston - 

37 as 

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CWvvkmd - 

■42' 28 ■ 

MB ■ 

— 

Chicago - - 

41 SI - 

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Minnesota 

-39 33 . 

Stt 

4 

Kansas City 

38' 35"' 

331 

svi 

Milwaukee 

34 39 

.466 

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Texas 

west DfvWon - 
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452 

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31 43 

419 

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Montreal 

44 29 

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3 1 39 ' 

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35 .39 

473 

12 

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33 41 

466 

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Houston 

40. 34 

341 

3*5 

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36 36 

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36 36 

3M. 

Oh 

Chicago . 

30 41 

ea 

■ 12 


WMstDMMM 

! Los Angelas X » -SV 

I Colorado -34 * 

, ScnFrandsca _ 32 ~ 

i Son Diego V 45 392 


& GUIDES 


Sundays Lino Scores 

AMERICAN LEAGUE 

Konotcav an no an-a » i 

Ma lan ia m hi — n a a 

Mognanta. Bcflncki (4), B rnw <B) and 
Moyne; ErictaorvCoetan (81. Stevens (9) and 
WOlback, Porta (8>. W— Erickson, 7-5. 
L — Maonante. M HRo-MbrntMta, Gootli 
O0I, RabouM (3), Pucfcott (12). ■ 

How York m an ho— u is a 
CRwkad m m ars-u n a 
AMxrtt.HttdKW* (7),<Mtaon («.WU*nwn 
U). m and Stanioy; Mam*. Ptnk (51, 

Show (V.MeM m ml p«na. w-AOMLNL 
L Morris. 6-5. Sv— Howe (7). HRs — Now 
York, Lmnrltz 02). Stanley f?J. Ctovetond, 
p«na (1). Ramirez 02). B ode CD). 
iMhi Ml m 010—1 9 0 

m m m ubh 3m mo «in-a « a 

Voneomona Howard (B), Valdez (I) and 
. Rowland; Scmm Oroaco (I). Navarra W. 
Fetters (0) and Surhott. W— Navarra, >4 
L— Vanaamond, 0-1. 5v — Fetter* C7>. 

• h h Mn wBofcow vauam~{i7). 
mas • • m an aao-s a a 

GoMorada m Ml Hx— I 7 1 

Dettmer, Oliver 18). Henke (» and Mtodrf- 
gaec.Orttz GO ; Lanosfon,MJ^ttir (81, Grahe 
If) and Myers, CTomor < f). w-M.LeHer.44. 
•b-Oettmer.8a. S v— G rahe n». HRe ■ C0II- 
fomkv Salman (U). Texas, Palmer (10). 
DetraN 1M NO to— 5 f 1 

Oakfemd . 700 1M Me— 10 M 1 

Moore. Codarel fl). 5.DavTs (5), Groom (7), 
Gardner (D ead Kramer: Damns. LeMer 
(M. SmttfiOenr (8) and StaMadt. W— Dart- 
km. 57. L Moore , 7-7. HRs-Oakkaid, SMn- 
Jmda (9). Detroit Fielder 07). 

Odceae 2M HI 00-1 11 8 

S ea tt le Ml 3M ail— / 7 a 

A T -enwodK. McCasklli 18). As w emiodier 
ID.Dn-toftnson (Vb.Ceak (V), DeLeon (9) and. 
LaVoHlera; Converse. Rbley (5),TJ3avte (7), 
Ayala (H and D.WUson.W-A.FemvMte.8-7. 


L— TXJcrvt*. 0-2. 9v — DeLeon (I). HR— Seat- 
tle. KLMItCtien (S). 

Baltimore Ml IM IU-7 7 1 

Tom Mb Ml OH OM-1 S 3 

Mussina and Hades; Statflemyre, GastHJo 
(f> imd Borders. w-Mussina. im b-stotti*- 
myre, 5-5 HRs— BatHmore, By Anderson 2 
(f). DwSmitn (6). 

. NATIONAL LEAGUE 
Aflesea in os mo-* ii ■ 

PMadeMb 823 m 2tv-f IB I 

Avery, WoMers (6). Stanton (7).McMlchoel 
00 and Lopez.; Wftllanu, Borland (tt.Ouan- 
MD (7) .Jones (8) and Dauiton. W— Bortand,!- 
a L — Avery. 5-2. 5v— -Jones (if). HRs— At- 
lanta, Klesko 2 (13), Justice (12). 
PhitadetaMa Dauiton as). 

Florida Ml 3M IU-1 9 I 

Moatreel m om on— i » a 

Gardner, Men C8) and SfaitttBo; Marttruz. 
Shaw (8) and Fletcher. W— Gar dner. 2-2. 
L— Martinez, 6-4. Sv — Nen I6).HRs— FlqrWo. 
Sheffield (14). MaalreaL Cordero (S). 
putshureh mi ae bm-7 to i 

New York bm MO oo— 3 8 l 

Wanner, Manzanillo (f) and Parrish; 
Jones, Linton (5), Gazzo (A), Maddux It) and 
Hundley. W-Waener, 5-5 L — Jones. 7-J. 
HRs— Pittaburuli. Atarfln (B). Hunter (7). 
SL LOOlt IM MB MB— 3 C 8 

Chicago MO SOI SSO — 1 6 2 

Sotdlfle. Murphy (7), Pom (7). Arocha (f) 

endMcGrttr; TrachseL Bulllnger (Tl.Otta (7). 
Bautista (fl and Witt tax Parent (8). W— Sut- 
clltfe, 6-3. L— TrachseL ML Sv-Aracha 16). 
HR— SL Louis. ABcM P). 

Lae Angeles 8)8 818 ISO-5 f 0 

HOMMe OM 301 MO— 4 4 0 

Gran.WorreH IB ml Piazza; Drabek. Edens 
IN, Hampton (8), Hudefc (?) and Servals. 
W C roBB,7-4.b— Drabek. hm. S v— W orre ll 16). 
HRs— Los Anaetes, Butler IS). Piazza (17). 
San Franc isc o 211 828 811-8 12 8 

Colorado 8M M8 881—1 6 1 

Burkett, Beck (f) and Manwarttis; Harris. 
Moore IS), Blair (?) and OHroaS. W— BurkoTt. 


t- 5-4. L— Harris. 3rL HRs— San Francisco, 
Bonds 2 (if). 

1 San Dhna BM 31* 888- < B I 

3 CtadanaH 083 813 120—12 If 2 

ho Tavtor. Mauser (5). TabaM (6), Elliott (a). 
»- Saner (7). Ho d man (8) and Auomus; Rover, 

2 McElrov (7). Carrasco (?) end Taufcereee. 
W — Roeer. 4-0. L — Tohakn, H. HR— anclrv 
natt, Mitchell (If). 

■ The Michael Jordan Watch 

H 

I" SUNDAYS GAME: Jordon wed 0-lor-4wlih 

a RBI in Birming h am's 4-3 loss lo Memphis, 
i Ho struck In the second and Ihlrd Innings. 
*■ Jordan drove In a run when he reached on a 
fielder's choice In the sixth. He tlew out to 
| rfghtfleMtatfte eighth. Jordan had one putaul 

■ In right Retd. 

? SEASON TO DATE: Jordon is batting .195 
“ t504or-2561 wllhTT runs.11 douWes. one triple. 

" 2S RBte. 26 walks, 69 strikeouts and 16 stolen 
bases In 27 attenwhL He has 11? cutouts, two 
' assists and eight errors In rWif llekl 


BASEBALL 
Amerknn untmc 

CLEVELAND— Recalled Jerry DlPoto, 
Mtcher, from CharloMo, ll_ Put Sieve Fott, 
Pitcher, on 15day disabled list 

N. Y. YANKEES— Put Pat Kelly. 2nd base- 
men, an 15-day disabled list, retroactive June 
22. Recalled Dave Sllvestrl, hdlekler, tram 
Columbus, il. 

SEATTLE— Put Greg HUtaanL Pilcner. 
Eric Anthony, outfielder, on 15-day disabled 
list. Recalled Jhn Converse, pitcher. and Bri- 
an Turkic, Inftelder, from Calgary. PCL. 


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Page 18 


INTERNATIONAL HERALD TRIBUNE, TUESDAY, JUNE 28, 1994 


SPORTS 


In Maradona’s 




ising Talent 


wmm 


By Alex Yannis 

New York Times Service 

FOXBORO. Massachusetts — 
Qaudio Caniggia is one of several 
stars in their prime on the national 
team of Argentina, but he and the 
others live in the shadow of the aging 
Diego Armando Maradona. 

On and off the field. Maradona 
grabs the headlines. Few paid atten- 
tion to Caniggia even last month, 
when he completed a 13-month sus- 
pension by FIFA after having tested 
positive for cocaine use. 

Caniggia's ban by the world govern- 
ing body of soccer ended May 8. He 
immediately went to work and has 
brought his play to the level he 
achieved in the 1990 World Cup. 
when he was the most dangerous strik- 
er for his country in leading Argentina 
to the Fmal. 

Caniggia showed his scoring prow- 
ess again in Argentina's 2-1 triumph 
over Nigeria on Saturday at Foxboro 
Stadium. He scored both goals for 


Argentina despite being bothered by a 
severely bruised toe. 

Argentines around the globe hope 
Caniggia will emulate Paolo Rossi, the 
diminutive Italian who came off a 
suspension in 1982 for allegedly fixing 
games and then led Italy to its third 
World Cup triumph. 

“I’m Caniggia, I’m no Rossi." Can- 
iggia said after a practice at Foxboro. 
where Argentina played its first two 


games of the World Cup. “I'm trying 
to get in shape to play tne best I can." 

Wasting no time after the comple- 
tion of his suspension. Caniggia played 
his first game May 9 and scored a goal 
in Roma’s 3-1 victory over River Plate 
of Argentina in a four-team tourna- 
ment in Buenos Aires. 

Like most of the top Argentine 
players. Caniggia. 27jmade his name 
playing abroad — in his case in the 
Italian League. His exceptional speed 
and scoring ability make him one of 
the world's elite forwards. 

With his stringy blond hair flowing. 


a cigarette hanging from his lips, the 
skinny Caniggia looks more like a 
rock star than a soccer player. But put 
a soccer ball in front of him, and he 
turns into a deadly striker. 

Against Nigeria, "Caniggia's scoring 
skill was clearly displayed when he 
pounced on a rebound for his first goal 
and when he picked his spot from an 
acute angle on the left for his winner. 

But Maradona got most of the cred- 
it, having started both plays dialled to 
the goals. Maradona was also the cen- 
ter of attention in Argentina’s 4-0 vic- 
tory over Greece Iasi Tuesday even 
though Gabriel Batistuta scored three 
goals to his one. 

Maradona grabbed headlines last 
fall when he became heavy and 
seemed questionable for the World 
Cup. He was back in the news four 
raondis ago when he fired pellets from 
an air gun at reporters and was not 
allowed Lo enter Japan because of a 
drug conviction. 

After the game against Greece, soc- 


cer fans wanted to know how Mara- 
dona played in his first game in the 
World Cup, how much weight he had 
lost, what earring he was wearing. 

“Diego deserves all the headlines, all 
the attention,” Canig gia said. “He is 
Maradona. He hasthe magi c nam e." 

Maradona gets the attention be- 
cause he still does things only he can 
do. He has been perhaps the most 
recognized figure in soccer for a de- 
cade and almost single-handedly led 
Argentina to its 1986 World Cup tri- 
umph. 

Every country that has won the 
World Cup has had at least one excep- 
tional player. In Caniggia and Batis- 
tuta, Argentina has an outstanding 
pair of strikers to complement Mara- 
dona, who has lost a step. 

M I have a feeling that great things 
await Argentina,” Caniggia said after 
the victory over Nigeria. “Now. we are 
certain to move to the nexL round. 
This was Argentina’s best game.” 


y t t 


Claudio Caniggia on Maradona: 


Mighty Brazilians 
Vow Not to Relax 
Against Sweden 




Reuters 

PONTIAC, Michigan — The 
Brazilians have stormed into the 
second round of the World Cup. 
but they insist that there is no 
chance they will relax against 
Sweden in their final Group B 
match here on Tuesday. 

“We’re still only at the start 
of the tournament," said the as- 
sistant coach Mario Zagalo. 
“We will attack our opponents 
in the traditional Brazilian way. 
Ours is a team with a strong 
personality. 

“Other teams always make a 
bigger effort when they play 
against Brazil. They seem to 
have more motivation. They of- 
ten change their entire style of 
play when they face us." 

Coach Carlos Alberto Par- 
reira sounded a more confident 
tone when he said Sweden was a 
more predictable side than 
Cameroon, which the Brazilians 
dismissed 3-0. 

The one doubt for Brazil is 
defender Ricardo Rocha, slow- 
ly recovering from a strained 
left thigh muscle, which kept 
him out of the last game. Par- 
reira was to decide whether to 
play him after a training session 
on Monday. 

The Swedes need a point to 
secure second place but could 
Struggle up front because their 
top striker, Martin Dahlin. who 
scored twice against Russia, is 
suspended for the game. Swe- 
den could end up third if it loses 
and Cameroon thrashes Russia. 

Tuesday’s game is a chance 
for the Swedes to avenge their 
2-1 loss to Brazil in the opening 
round of the 1990 World Cup. 

“We have very good morale,” 
said Coach Tommy Svensson. 
“We've been down in several 
games and come back. The 
team is much better than the 
one in 1990. The players have 
the will to win.” 

To mas Brolin, who scored in 
the 1990 game, adopted more of 


a midfield role in the first two 
games but might be pushed up 
front to partner Rennet An- 
dersson or Henrik Lars son. 

Last week, the Swedish mid- 
fielder Anders Limpar said no 
one would beat Brazil this year. 

Retorted Brolin, “1 will show 
him he’s wrong on Tuesday.” 

The only doubt for the 
Swedes is defender Jonas Bjork- 
lund, still suffering from a groin 
strain. If he does not recover, 
Magnus Erlingmark is likely to 
take over. 

Past World Cup meetings be- 
tween the two sides have not be 
uneventful 

Brazil beat Sweden, 5-2, in 
the 1958 World Cup final in 
Sweden. A 1-1 draw in 1978 is 
best remembered for the refer- 
ee's decision to blow for full- 
time just after Brazil had taken 
a comer, ruling out a goal net- 
ted one second later. 



Enc Draper/ The AuoaiHd Pros 

U.S. fans making their wishes dear at the team's 1-0 loss to Romania; the American team stiD has a chance to advance. 


"Mi 


’Keepers, It’s 
Yes, the Ball Is Faster 


— ti 
*-V 




Reuters . ■ _ __ 

. DALLAS — New material in the revolutionary new Qt*es£ 
tra soccer ball makes it fly faster than other baDs*:' giving:.^ 
goalkeepers less time to react, according to the ma n u f acturer., 

The ball, unveiled in December and being used in all 1994? 
World Cup match es, is also made up of more panels than ^ 
most other halls, which exaggerates tne amount of swerve in rn 
the air. Several 'goalkeepers have complained about. the baflinT 
first-round Cup games- ; 

“1 would expect the goalkeepers to be a little dismayed, but-T 
the strikers to be a lot happier with this bail” said an Adidas ffr 
spokesman. Tommy Kain. 

“The ball is going to move a little bit more 'quickly than: 
some goalkeepers are used to and therefore give than Iessk3 
time to react,” he added. “This ball behaves exactly like a ball ■;* 
at high altitude. So it win behave like those in the thin airin’ 
the 1986 Mexico World Cup.” 

Adidas said the .ball had mote pace because of new higbj'j 
compression rapid response polyethelene foam. 

“The eriogy return from the ball gives the player more 
power in his shot;” Kam said. 

He credits the Questra. feu the stunning goal scored by th£& 
American Erie WynaJda m the U.S. team’s opening 1-1 draw 7 ^ 
against Switzerland. 

But Kain denied that there was any unusual late movement; 

The last-minute swerve or action of the ball is no different 
than a normal ball” he said. “This is not a trick ball It would 
be impossible to manufacture a- ball that does something 
unexpaaed at the last moment”: ; - 






v* ■ 

i ? 7 - 

i v 


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Germany’s Klinsmann as Traveling Salesmanfor the World’s Game 



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By Christopher Clarey 

New York rimes Service 

CHICAGO — Selling the world's game to 
the American public is a perilous and poten- 
tially thankless task, but Jurgen Klinsmann 
could be in a position to help the cause. 

Few of the world's soccer superstars are 
better equipped to reach out and touch a 
nation that prefers its own brand of football. 
For starters, Germany’s top striker is politi- 
cally correct and relatively unpretentious. 

He also scores goals in bunches (handy for 
avoiding those 0-0 draws Americans like to 
ridicule), knows his way around California's 
scenic Route One and is boyuhly handsome. 

Perhaps most important in a land where 
talk-show hosts help set the national agenda, 
he speaks English a whole lot better than 
most Americans speak German. This means 
that unlike such soccer luminaries as Diego 
Maradona Lothar Matthaus and Roberto 
Baggio, Americans^ wiD actually get to hear 
and connect with Klinsmann's voice, instead 


of listening to an off-camera translator. 

And Klinsmann has plenty to say. and not 
just about his profession. 

Among the topics that interest the man 
who has scored both German goals in these 
World Cup finals are disarmament, the envi- 
ronment, prison reform, racism and the 
homeless, who are increasingly numerous in 
Germany, if not in Monte "Carlo, where 
Klinsmann has earned a good living with the 
team AS Monaco for the last two seasons. 

“I love to change, to move and lo discov- 
er,” said Klinsmann, 29. “For me. there are so 
many things to learn." 

What better life could Klins mann ask for 
than the peripatetic existence of a modern 
soccer professional? U nlik e many of his con- 
temporaries and competitors, he relishes the 
travel and the constant cultural adjustments. 
In fact, he actively seeks them out, taking 
vacations to places like Namibia and Califor- 
nia instead of sitting on his frequent-flyer 
points and giving his long limbs a rest. 


The son of bakers, Klinsmann redefined 
the term high-scoring at age 9 by knocking in 
16 goals for his youth team during a single 
game. At 17, he started his professional ca- 
reer with the Stuttgart Kickers 

Three years later, he joined the city’s top 
professional club, VfB Stuttgart and after 
leading them to the finals of the UEFA Cup 
in 1989, the young man who never finished 
high school decided it was high time to ex- 
pand his horizons. 

Klinsmann chose the Italian club Inter 
Milan, where he teamed with his compatriot 
Rudi Vfiller. In 1992, he moved on to AS 
Monaco, and next season, if he has his druth- 
ers, he will be in Spain. 

“Spanish is a language I would love to 
learn,*' said Klinsmann, who already has add- 
ed French lo his English and German. 

Although Klinsmann has been given per- 
mission to sign elsewhere, not many clubs can 
afford the 20 million French franc transfer 
fee (about S3.6 million) that Monaco is re- 


portedly d emanding . For the moment, it ap- 
pears the Italian club Sampdoria of Genoa is 
the only team seriously interested in acquir- 
ing his services. 

“I am not worried,” said Klinsmann, one 
of the few stars to eschew agents and negoti- 
ate his own contracts and transfers. “I have 
been a professional for 12 years. I don’t have 
a wife or any children, and I am capable of 
packing my bags in a matter of minutes.” 

Klinsmann has been logging lots of min- 
utes with the German national team since 
1988, when he led the German Bundesliga in 
scoring and knocked in his first international 
goal in a 1-0 victory over Switzerland in a 
friendly. 

He has scored 23 times in 63 appearances, 
which might not be quite as impressive a ratio 
as VOUer's 45 in 89 but is enough to make him 
Coach Berti Vogts’s unquestioned starter at 
center-forward. 

On the field, Lhe exuberant Klinsmann 
wears his heart on his sleeves and is in perpet- 


ual motion, his speed and long stride lending 
him an uncommon grace. His leaping ability 1 
and body control make him a major threat ft 
the air, which is how he scored the tying goal 
last Tuesday against Spain. , 

Though Klinsmann occasionally has been* 
accused of underachieving during his cdubt 
career, he consistently has lifted his game on» 
soccer’s largest stage. During his first World], 
Cup, in 1990, he scored three times and endedi 
up finishing fourth in the voting for world] 

player of the year. . _ 

Though some Germans have expressed 1 
concern that Vogts has been unable to find a] 
complement for Klinsmann at striker (An-t 
dreas MfiUer moved up from midfield to stak J 
for the struggling Karlheinz Riedle against} 
Spain), Klinsmann is guardedly optimistic!' :1 

“Our tram is at least as gooa as it was fbqrj-. 
years ago,” he said. “Our big advantage conn 
pared to other teams is that we have many‘ 1 
players of great talent while our opponents* 
have only one or two.” . ' ‘ • 


*2 


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cauwp— OF world cup oames, results, sTAHPiMos Cameroon Goalkeeper Bell Quits Tea; 

cinPT niM aim Aonnon ^ 


1 ■ I 


FIRST ROUND 

AStmx&GUT 

Throe paints amudat tor a victory 

GROUP A 

W L T GF GA Ph 
« -Romania 2 10 5 5 6 

«■ Switzer la nd 1 1 I S 4 4 

Itotted States >113 3 4 

Colombia 1 2 0 4 5 3 

x -advance to second round. 
Sunday June 28 
Ai Pasadena. CaW. 

Romania 1. Untied Slates 0 
At Stanton]. Cafll 
Colombia 2. Switzerland 0 
GROUP B 

W L T OF GA Ph 
2 


GROUP □ 

W L T GF GA Ph 

2 0 0 6 1 E 

1 1 0 4 2 3 

1 1 0 4 3 3 

o o a o 


x-Argenhna 2 

Nigeria i 

Bulgaria 1 

Greece O 

x -advanced ro second round 

Sunday June 26 

Ai Chicago 
Bulgaria 4. Greece 0 

Thursday June 30 
AI Foxboto, Mass 
Greece w. Nigeria. 2335 GAIT 
At Mias 

Argentina vs. Bulgaria. 2335 GMT 

GROUP E 


x-BrazU 

Sweden 

Cameroon 

Russia 


0 5 0 6 
15 3 4 
12 5 1 
0 15 0 


Ireland 
Max loo 
Italy 
Norway 


l 


T GF OA PM 
0 2 2 3 


x-advancad la second round. 

Tuesday June 28 

Al Stanford. Cafil 
Hussa va Cameroon. 2005 GMT 
Ai Pontiac, Mich. 

Brazil va Sweden. 2005 GMT 
GROUP C 

W L T Iff QA Ph 


Germany 

Spam 

South Korea 
Bolivia 


Monday June 27 
Ai Chicago 
Bolivia vs. Spam. 2005 GMT 
A! Dribs 

Germany vs. South Korea. 2005 GMT 


1 1 0 2 2 3 

110 113 

110 113 

Tuesday June 28 
Ai East Rutfwrtord, NJ. 

Ireland vs Norway. 1635 GMT 
At Washington 
Italy vs Mexico, 1635 GMT 
GROUP F 

W L T GF GA Ph 
■v-Selgluni 2 0 0 2 0 6 

Saudi Arabia 1 1 0 3 3 3 

Netherlands 1 1 0 2 2 3 

Morocco 0 2 0 1 3 0 

i -advanced to second round. 

- Wednesday June 2S 

At Orlando. Ha. 

Morocco vs. Netherlands, 1635 GMT 
At Washington 

Belgium vs. Saudi Arabia. 1635 GMT 


SECOND ROUND 

Saturday July 2 
Game 37 
Al Chicago 

Group C winner vs Group A, B » F thud place. 
1705 GMT 

Gama 38 

AI Washington 

Switzerland v& Group C second place. 2035 
GMT 

Sunday July 3 
Game 39 

ai Dallas 

Group F second place vs. Group B second 
place. 1705 GMT 

Game 40 

ai Pasadena. Cam. 

Romania vs. Group C. □ or E Third dace. 2035 
GMT 

Monday July 4 
Gama 41 

Al Orlando. Fla. 

Grtwp F winner vs. Group E second place. 1605 
GMT 

Game 42 

Al Stanford, CaW. 

Group B winner vs Group A. C or D Ihno place. 
>935 GMT 

Tuesday Juty 5 
Game 43 

Al Faxboro. Mass 

Group D winner vs. Group B. E or F third place, 
1705 GMT 


The Official Sprint World Cup 
Information Line 

Call 

+ 1 + 177 + 23044348 * 

for daily updates on scores, players and 
game recaps 



Sprint 

WarMC uplBAMp 

Calls will be billed standard IDD rates 
• In Italy, dial +1+21 1-230-4348 


Ai East Ruihanora. nj. 

Group E twiner va. Group D second place. 2035 
GUT 

QUARTERFINALS 

Saturday July 9 
Game 45 

Al Foxboro. UM 

G»nfl43 winner vs Game 30 winner, 1605 GMT 
Gne 48 
Al Dallas 

Game 4t winner vs. Game 42 wuinar. 1936 GMT 
Sunday July 10 
Gam 47 

AiEast Ruihertora. nj. 

Gana 44 wmner vs. Game 37 wfniw. i6056vT 


At Stanford CaW. 

Gwie 38 wm Mr va. Gama 40 winner. 1 335 GMT 

SEMIFINALS 

Wednesday July 13 
AlEaatnutheriord.lU. 

Game 47 winner vs Gama 45 wtmer. 2005 GMT 
At Pasadena. CaW 

Gama 48 winner va. Gone 4£ winner. 2335 GMT 

THIRD PUCE 

Saturday July 18 
At Pasadena, Ca« 

Samrtnal toaare, 1335 Gmt 

CHAMPIONSHIP 
Sunday July 17 

Al Pasadena. Cant 

Semifinal winner ■ , 1935 GMT 


Match Results 

SUN DATS RESULTS 
Roma did i, united Stoles B 
Scorer: Daniel Pelrescu HTthl 
Referee: Mario Van Der Ende (Nether- 
lands) 

Yellow cords: Untied Slates— John Horten 
Misti. Fernando Clavllo I49ihl; Romania — 
Florin Rodudolu (AMj. Daniel Pelrescu 
173d). 

CotalUHa 2, Switzerland • 

Scorer: Herman Gavlria (45th), Harold Lo- 
zano I9WW 

Referee: Peter Mlkkelsen (Denmark! 
v »l low cords : Switzerland — Adrian Knup 
(40th). Gaargea Brew* (urtu; Co to mold — 
Herman Gavlria 160th). Carlos Vafdemvno 
(620). L cartel Alvarez (list). 

Goal Scorers 

After moieties played Sunday 
3 — Gabriel Bafisiula, Argentina; Martin 
Dahlin, Sweden. 

2 — Florin Raducioiu. Romania; Jurgen 
Klinsmann, Germany; Jon Gafkoetxea 
Spain; Ghearohe Haol, Romania; Georges 
Breov. Switzer land; Adoffo VUfencto, Colam- 
War Luis Garda. Mexico; Romano. Brazil; 
Fuad Am In, Saudi Arabia; Claudio Caniggia, 
Argentina; Hrteto Sloltchkov, Bulgaria. 

I — Julio Salinas, Spain; Hong Mvung-ba 
South Korea; Sea Jung-won, 5oulh Korea; 
Eric Wvnalda United Slates; Ray Houghton, 
Ireland; Marc Degrvse, Belgium; K let II Rek- 
daL Norway; Roger Llung. Sweden; DavM 
Embe. Cameroon; Frmvpts Omom BWIk. 
Cameroon; Rol. Brazil; Wlm Janfc. Nether- 
lands; Gaston Toumenl, Netherlands; Diego 
Maradona, A r gent in a; Rasheed Vefclnf, Nige- 
ria; Daniel AmakochL Nigeria; Emmanuel 
Amunlke. Nigeria; Alain Sutler, Swltzertand; 
Stephane ChgpuJsal, Switzerland; Adrian 
Knua. Switzerland; Ernie Slrwarf, United 
States; Dina Baggio, Italy; John Aldridge, 
Ireland; Bebeta. Brazil; Mftrcio Santos. Bra- 
zil; Otog Satenko. Russia: Tomas Brolin, Swe- 
den; Sami Jober, Saudi Arabia; Phllhaae Al- 
bert, Belgium; Mohammed Chaoudt, 
Morocco; Samson stasia Nigeria; Iordan 
Letchkav, Bulgaria; Daniel Barlmlrov, Bul- 
garia.- DankH Pelrescu, Romania; John Lo- 
zano. Colombia; Herman Gavlria Cotombto. 


For investment 
information 

Read 

fhe MONEY REPORT 
every Saturday 
in the IHT 


Compiled by Our Staff From Dispatches 

PALO ALTO, California — 
The goalkeeper Joseph- An tome 
Bell has quit Cameroon's World 
Cup team because of a dispute 
with team officials. 

BeU said lhe officials bad 
tried to force Coach Henri Mi- 
chel to start someone else in 
goal Friday against Brazil in a 
game that Cameroon lost, 3-0. 

Although Michel refused and 
Bell played, the 39-year-old 
goalkeeper said he had decided 
it would be better for the team 
if he quit because the officials' 
demands had not slopped. 

“I do not want to play any- 
more," he said on Sunday. 
“There are too many people in- 
terfering who have nothing to 
do with the team. 1 decided 
these people might give the 
team some peace if I did not 
play anymore.” 

Bell played his fust interna- 
tional match for Cameroon in 
1975 while with Union Douala. 
a team that he helped win the 
1979 African Champions’ Cup. 

His decision was the latest 
blow to the team that was the 
darling of the 1990 World Cup 
but is now beset by financial 
disputes and in danger of elimi- 
nation after one tie and one 
defeat in Group B. 

A victory against Russia on 
Tuesday would give Cameroon 
four points and an outside 
chance of sneaking ahead of 
Sweden into second place if the 
Swedes lose heavily to Brazil. 
But qualification as one of the 
best third-placed teams is more 
realistic for Cameroon. 

Bell, who has already retired 
from dub soccer in France, said 
he would retire from interna- 
tional soccer. 

“I will never play for Camer- 
oon again,” he said. 


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SPORTS 


INTERNATIONAL H ERALD TRIBUNE, TUESDAY, JUNE 28, 1994 


Page 19 






For U.S. Underdogs, Some Tough Lessons Learned at the Rose Bowl 


l!ies - aU *ea«^> 


Official; 


By Ian Thomsen 

International Herald Tribune 

PASADENA, California —Their anliclimactic 1- 
■0 loss to Romania began with the Americans exhib- 
iting a peculiar nonchalance. It was 46 unbearable 
degrees on the floor of the Rose Bow] (1 15 degrees 
■Fahrenheit) Sunday and they had that silly big- 
uminglook to them, as if they were posturing, acting 
■out the role of contender when they should instead 
have been living it, going for it. 

! The answer is that they were nervous, of course, 
■like high school boys in tuxedos. Everybody in 
America was watching (at least it seemed that way), 
-they’d spent six years maturing toward this gradua- 
tion day — then they smashed up (he car. 

. But that's not the end of it. ThcyTl be grounded 
[for a few days, forced to sweat out the possibility 
'that their immaturity will keep them from moving 
■up to the second round and nobody to blame but 
[themselves (tsk tsk). They’ll learn their lesson. Then, 
•more likely than not, tbeyH play Brazil in suburban 
■San Francisco in a July 4 take-it-or-leave-it opportu- 
nity grander than any American soccer lover ever 
•coukl have dreamed. 

\ An elaborate blend of results among the other five 
•'groups on Tuesday and Wednesday still could pre- 
‘vent the Americans from playing again: From the 
glory of last week's upset of Colombia, they would 
become the first host nation ever to fall out in the 
; first round. Even if they do advance for the first time 
, in 64 years — a second-round match against Germa- 


ny on July 2 in Chicago is the other possibility — 
they will play without midfielder John Harkes, their 
leader and most vital field player, suspended after 
the lamest of yellow cards. 

Unwittingly, Harkes added to his team's hollow 
cockiness when a comer ricocheted out to him in the 
eighth minute, on the edge of the box. He placed and 
fired it off the calf of a sliding Romanian, his shot 
slamming off the near post. The U.S.-record audi- 
ence of 93,869 responded with chants of “U.S.A., 
USA.” — a chorus building since Wednesday’s 
surprise 2-1 taking of Colombia. Later they realized 
that Harkcs’s was the best chance they would see. 

Their newly beloved players appeared uptight as 
they inarched into the Rose Bowl Others might call 
it overconfidence, but when the game begins and the 
opponent is better, that cockiness hollow out and 
the effort grows brittle. 

"We thought we were going to go forward and 
beat this team, forgetting they're a better team than 
we are,” said Tab Ramos, U.S. midfielder. “I don’t 
think we remembered that we had to be humble. I 
didn’t like the atmosphere. We are the underdogs all 
the way. We must remember that.” 

No American soccer player has ever experienced 
anything like the greeting they received Sunday. The 
Rose Bowl has rarely accommodated such one-sided 
support in any sport, American football included. 
There seemed to be thousands of American flags, and 
the mention of the U.S. lineup brought louder cheers' 
than any of these players had overheard until the full 


bloom of Wednesday’s victory — and these introduc- 
tions were made before they entered the field. 

Yet their team pose was erect, arms crossed, busi- 
nesslike — lacking the exuberance that seduced the 
crowd last week. The game began and they were 
playing with none of the exaggerated, almost clumsy 
energy that had blunted Colombia. Nonetheless, for 
16 minutes they controlled play in their new stoic way, 
and maybe they were good enough to play that way. 
Then in the 17th minute, sunepmiousiv. the Roma- 


minute, 


ly, the Roma- 


from left to the center to the half-cirde, from which 
Hie Dumitrescu succeeded in daring the U.S. goal- 
keeper, Tony Meola, from coming to his six-yard line. 

Mesmerized, Paul Caligiuri — who was at risk all 
day — vacated the left side at Dumitrescu’s beckon- 
ing. Now Dumitrescu's assisting pass only to 
beat Harkes, who shouldn’t have been the only 
defender back there. He looked up to see Dan 
Peirescu plunging his knife in between the near post 
and the backtracking Meola. 

The mild roaring of a few thousand Romanians 
was the first reminder of ail things Americans dislike 
about soccer — No. 1 being the fact that a large 
number of tiny nations are stronger in the world's 
most popular sport. 

Other reminders followed quickly. The United 
States had been hoping to win Group A and convert 
a large national TV audience to soccer. Instead, that 
audience watched the leader protect its one goal 


(more power to the Romanians, who won the group 
as a result) while the loser gave into frustrations and 
whined about the r ef eree i n g. And then there came 
Haiices’s yellow card in the 40th minute, a direct 
result of the U.S. Soccer Federation’s misunder- 
standing of the rules. 

As Hagi was preparing a free kick, Harkes and 
midfielder Mike Sorber were forming a wall outside 
their box. The referee, Mario Van Der Ende of the 
Netherlands, charged Harkes with delay of game, 
awarding Harkes his second yellow card of the 
tournament (his first coming for a hard tackle in the 
90th minute of the opening match with Switzerland). 
Later Harkes argued that he had been wrongly 
punished for jumping in place and that the referee 
had been baited by Hagi. 

But the fact remains that Harkes, coach Bora 
MQutinovic and the federation’s executive director, 
Hank Steinbrecher, all admitted to believing that 
two yellow cards received in separate games would 
not be carried over into the second round. 

According to a rule passed by FIFA in December, 
only single yellow cards are erased after the first 
round of the World Cup. 

Had U.S. adminis trators understood that rule, 
they surely would have warned Harkes not to risk a 
second yellow card under any circumstances. It is a 
terrible lesson for this essentially neophyte organiza- 
tion to learn at the expense of its best player against 
the likes of Brazil or Germany. 


More bickering followed immediately as U.S. de- 
fender Marcdo Balboa tried to calm Harkes. while 
Harkes told Balboa to get lost. The United States 
remained tenacious, forcing corner after corner, 
with Thomas Dooley hardy wide trying to head the 
equalizer in the 77th minute and Ernie Stewart 
coming almost as close in the 44th and 83d minutes. 
Eventually Romania was celebrating its victory in 
the group — a surprise after its dreadful 4-1 loss to 
Switzerland indoors, in Pontiac, Michigan, on 
Wednesday — while the Swiss were finishing second 
in the group, having beaten the United States in the 
goal-differential tiebreaker. 

”1 understand that when a team loses, the ambi- 
ence can be a very negative one,” Milutinovic said. 
“I just want to remind you that we went for four 
points, and now we have that. The order of finish 
may not be what we wanted, but now we have to 
wait and see what happens. I’m almost sure it will 
mean we play either in Chicago or San Francisco.” 

It's not such a bad way of looking at it. If the 
United States wants to make an impact, then this is 
the best way to make one — against the best team in 
the tournament. If the U.S. team had been in an 
easier group, drawing games and advancing without 
dr ama, how many new fans would it have converted 
then? Better for them to be vulnerable — not only in 
the eyes of their public, but probably in their own 
minds as well. They certainly didn't react well to 
their bit part as favorites on Sunday. 


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■ Ciahnd BniyvApn* France Panic! Htrtzo^/Agrncc Frawc-Prevc 

iq the 1-0 loss, winch dropped the Americans to third place. Colombia's Herman Gaviria (5) and Adolfo Valencia (11) collided with Switzerland's Alain Geiger. Gaviria scored later. 


v.s. Prospects to Advance I Good-Bye, Colombia: The Show of Skill Came Too Late 


The Associated Press 

v PASADENA, Cahfornia — The United States finished in 
third place in Group A, with one victory, one tie and one loss 
1 (four points). It scored three goals and gave up three. 

The -top two teams with, the most points in each of the six 
. groups advance to the second round, along with the four best 
. sMM-place teams. Tiebreakers are determined by, in order 

- goal differential, goals seemed, head-to-head, lots. 

For the Unified States to not qualify for the second round, 
, third-place teams m at least four other groups would need at 
least four points with better goal differentials. That means at 
leastfour of the following five scenarios would have to occur 

lJGroup B: Cameroon beats Russia by at least three goals 
AND Sweden does not lose by more than one goal to Brazil. 

2) Group C: South Korea beats Germany by one goal and 
Germany scones at least two AND Spain beats Bolivia OR 
South. Korea beats Germany by one goal and Germany scores 
at least two AND Bolivia beats Spam by at least two goals. 

3) Group D: Bulgaria ties or beats Argentina AND Nigeria 
ties or beats Greece. 

4) Group E: Either kxdand-Norway or Jtaly-Mexico ends 
in a victory and the other game ends in a tie, with the tie game 
finishing 3-3 or higher; OR both games end 3-3 or higher. 

5) Group F: Saudi Arabia beats Belgium .or plays a 1-1 or 

- higher tie AND the Netherlands beats Morocco or plays a 2-2 
;■ or higher tie. 


By Jay Privman 

New York Tima Service 

PALO ALTO, California — They 
came as one of the favorites in the 
Weald Cop, they saw their standing 
evaporate m the neat of the Rose Bowl, 
they conquered the best team in their 
opening-round group and now they 
are gone. Say good-bye to Colombia, 
the best team to not qualify for the 
second round. 

The Colombians, losers of their first 
two games, waited too late to show the 
world just how good they are. Sunday 
afternoon at Stanford Stadium, the 
deft pasting of midfielder Carlos Val- 
dexrama, the wicked speed of forward 
Faustino Asprilla and a smothering 
defease earned Colombia past Swit- 
zerland, 2-0, in the final first-roan d 
match for both Group A teams. 

And it is all for naught The Colom- 
bians get a one-way ticket back to Bo- 
gota, and all the ridicule they can han- 
dle from abject fans in their homeland. 

Switzerland, meanwhile, advanced 
to the next round, but fell from first to 


second in Group A because of Roma- 
nia’s 1-0 victory Sunday over the Unit- 
ed States. Romania, third in the four- 
team Group A entering play on 
Sunday, vaulted to first and will re- 
main at the Rose Bow! to begin the 
second round. 

Switzerland finishes with as many 
points as the United States, but is in 
second place because of a better goal 
differential against its opponents. The 
Swiss likely will play in Washington 
and the United States could end up 
coming here to play Brazil, which has 
steamroQed its way to two overpower- 
ing victories thus far. 

This was a bitter fortnight for the 
Colombians. They were considered 
one of the favorites in the tournament, 
but their first two losses effectively 
eliminated Lhem from advancing to the 
tingle-elimination second round. They 
lost to Romania. 3-1, then to the Unit- 
ed States, 2-1, a game their coach, 
Francisco Maturana, called “a disas- 
ter.” Maturana then said be would quit 
at the end of the World Cup after 


coaching the national team for eight 
years. 

“I had planned to leave,” Maturana 
said Sunday. “This had nothing to do 
with our play in the World Cup.” 

The first two games resulted in a loss 
of national pride, and there was even a 
death threat against midfielder Gabri- 
el Gfrmez. G6mez, 34, started and 
played all 90 minutes against Roma- 
nia, but saL out the game against the 
United States and was not even with 
the team Sunday. 

G6mez was “staying here with his 
family in the United States,” Matur- 
ana said. “Obviously, emotionally, 
he’s not doing very well. He’s consider- 
ing retirement now doe to the fact that 
other people are controlling his life.” 

Colombia needed all its stars in 
alignment to advance. Its only chance 
was to beat Switzerland, and have Ro- 
mania lose to the United States. With- 
in five minutes of the conclusion of the 
game here, the Colombians knew they 
were out. 


But Colombia played to its pretour- 
nament notices on Sunday. The Colom- 
bians were far more aggressive than 
Switzerland. They had more chances, 
with Asprilla keeping the Swiss on their 
heels, and the Colombians' stamina 
won out when they scored goals in the 
waning moments of both halves. 

middle of the field when ^defendin g. 
Switzerland had trouble attacking 
from the wings, and the Swiss man- 
aged only seven shots on goal. 

Colomhia, pressuring from the start, 
had (me goal called offside and was 
stopped by goalkeeper Marco Pascolo 
on several point-blank shots bnt final- 
ly broke through in the 44th minute for 
the first goal of the game. Valderrama 
had a free kick slightly to the right of 
midfield and 35 yards out He lofted a 
chip shot that fell directly in the path 
of a streaking Herman Gaviria, who 
headed the mill off Pascolo’s hands 
and into the net. 

Colombia was essentially playing 


with a one-man advantage at the time 
of the goal The Swiss midfielder CSr- 
iaco Sforza had been struck in the nose 
by Valderrama moments earlier, and 
was slew to get off the turf, but the 
referee, Peter Mikkdsen of Denmark, 
let play continue. The Swiss fans, out- 
raged by the call, whistled at Valder- 
rama every time he touched the ball in 
the second half. 

Sforza and Valderrama had a nasty 
battle all afternoon. Sforza took down 
ValdearT&ma late in the first half, and 
when there was no call, Valderrama 
tried to kick Sforza, again without pen- 
alty. The bitterness carried over at the 
end of the game, when both teams 
exited the field without the traditional, 
exchange of jerseys. 

Colombia scored its second goal in 
penalty time, after 90 minutes had 
elapsed. Harold Lozano, who had re- 
placed Gaviria in the 79th minute, 
came down the right side and ripped a 
shot on the ground and into the lower 
left-hand comer. 





Hay Temperatures Are the Tournament’* Hottest Topic 


• The Associated Press 

From' the Cimis to theHose 
to the Cotton bowls, from Sol- 
dier Field, to Giants Stadium, 
■J the most heated topic of the 
World Cop has been the tem- 
peratures^ . 

;• At some sites, partkadariy in 
sUch torrid spots as Florida, 
Calif ornia ana Texas, tempera- 
tures have soared beyond 100 
degrees Fahrenheit (38 centi- 
grade) during games. The tour- ■ 
nament began in- such heat on 
June . T7 and -conditions re^ 

tnaingd utmo st unbearable for 

four days. 7 ;• 

*■ The beat eased somewhat last 

week, hut the thermometer took. 

off again during, the weekend- : 

In O riwndo, Florida; the Irish 
wil ted^.while .the. Belgians 
huffed and puffed through iL 
The Dutch complained and the 

Mexicans 'tinged. 

■ . With Teams from three ebsti- . 
neats playing at the Citrus 
Bowl, H was ti»e heat ^nd hu- 
midity Jthai turned the Wood 
Cup into A mee ting pOt- 
. Temperatures . reached 110 
degrees ’ Fahrenh eit (43 centi- 
grade).qa the fidd Friday and 
could not: keep up 
£1 n0 
Sweai.wtbe team from just 
" dezos? ihe Gulf >of Mexkxvand 


“The Mexicans didn’t beat 
us, the weather did,” said Ire- 
land’s coach. Jack Chariton. 

Complaints were heard at the 
Rose Bowl in Pas ad e n a, Cali- 
fornia, as weC- 
“It was hot, but 1 don't think 
the heal bothered us as much as 
the pollution,” the UJS. mid- 
fielder Mike Sorber said after 
ihe loss' to Romania. “A lot of 
guys were having trouble 


Goalkeeper Tony Meola 
thought it should have been an 
..edge for the hosts^ 

: “Everybody was talking at 

halftime about how hot it was," 

/ Meola said, note that read- - 


more than it did US. 1 know 

they’re not used to this.” 

Indeed. But they seemed pre- 
pared enough for it • 

“It’s important to score first, 
par ticularly in this heat” seid 
the Romanian midfielder 
Gheorghe Hagi. 

Alan Rothenberg, chief exec- 
utive of the first World Cup 
heiA in. the United States, do- 
med that the weather was a de- 
ciding factor. , 

“One team obviously won, the 
other didn’t, but it wasn't be- 
cause of the weather,” he said. 


The Irish, he added, even had 
advantage over Mexico by train- 
ing for two weeks in Orlando. 

’‘Nonsense,” countered the 
Irish goalkeeper, Pat Bonner, 
indicating that two weeks do 
not compare to a life in such 
conditions. 

“So far, I have yet to hear a 
■winning coach or player com- 
plaining about the heat,” Rotb- 
enberg said. 

Not so. Belgium was com- 
plaining bitterly, even though it 
beat Morocco, 1-0, on June 19. 
“The Moroccans wore able to 
rim a lot better in this beat,” 
said the Belgian coach, Paul 
Van HimsL 

Teams often have com- 
plained of die heat at a World 
Cup; setting kickoffs at high 
noon in such hot climates have 
compounded matters. 

The world soccer federation’s 
medical chief, Michel 
D’Hoogbe, tried to switch kick- 
off times up to the last moment, 
realizing that playing in such 
conditions could be dangerous. 
But he had to bow to commer- 
cial considerations. 

“We had to balance a lot of 
things," Rothenberg said. “One 
was the hundreds of millions of 
television spectators in Europe, 
Africa and the Middle East for 
whom a midday start was con- 
venient." 



. _ Eric Draper /"me Amoco! ed Pm» 

There was scant relief for the Romanians during their game with the U.S. team in heat of op to 115 degrees Fahrenheit (46 centigrade) at the Rose Bowl. 














Page 2 


Neofascists Stir Up Italians in 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, JUNE 29. 1994 

ms in Croatia and Slovenia 


WORLD 


By David B. Ottawav 

Washington fast Seniee 

UMAG. Croatia — The way Giu- 
seppe Rota, principal of the Italian 
primary school here tells it, about the 
last thing his small community in sun- 
ny Istria needs is Italy's neofascists 
defending the cause of the coastal re- 
gion's population. 

“Every lime there are elections in 
Italy, they talk about Istria and chang- 
ing the border and the Osimo Treaty," 
he remarked. “But changing the bor- 
der today? What does that mean? An- 
other war, and we are tired of war." 

“Fini hasn’t come here to talk to us 
yet," he added. 

Fini is Gianfranco Fini, leader of 
the neofascist National Alliance in Ita- 
ly, which has re-emerged as a major 
political force in Italian politics and 
has won five posts in Prime Minister 
Silvio Berlusconi’s rightist govern- 
ment. 

The allian ce has called for a revision 
of the 1975 Osimo Treaty between 
Italy and Yugoslavia, under which Ita- 
ly gave up cl aims to the Istrian coastal 
region south of Trieste. 

Today, that area is divided between 
Croatia and Slovenia, two of the stales 


that emerged in 1991 from a disinte- 
grating Yugoslavia. 

Spokesmen for the Berlusconi gov- 
ernment sav that there is “no ques- 
tion" of changing Italy’s borders. But 
Mr. Fini’s words have sent shudders 
through the newly independent, still 
fragile nations of Croatia and Slove- 
nia. 

The neofascist demands have raised 
the specter that ethnic nationalism — 
which has already split Yugoslavia 
into separate naiioos and now threat- 
ens the 1 wo- way partition of Bosnia — 
could spread to Istria’s Italian commu- 
nity and even into Italy itself. 

What is clear from even a brief tour 
of Istria and from talks with Italians in 
Rijeka. Pula, Umag and Koper across 
the Slovenian border is that there is a 
strong nationalistic revival under way 
among Italians — even though they 
seem to be somewhat confused about 
their identity. 

For Croatia, the resurgence of the 
Italian minority issue represents an- 
other nightmarish threat to its already 
fragmented sovereignty. It is now 
struggling to re-establish authority 
over one-quarter of Croatia that was 
seized by its Serb minority. 


For Slovenia, the issue has become a 
barrier to becoming even an associate 
member of the European Union. The 
neo-fascists are demanding that Slove- 
nia first resolve the demand of the 
30,000 to 40,000 Italians who fled Yu- 
goslavia after World War II and have 
have claims to property there. 

Caught between the forces of three 
conflicting nationalisms, the Italian 
minority of Istria is seeking to charter 
an independent course to avoid a po- 
tentially violent three-way border con- 
flict. 

It is advocating a special transna- 
tional status for the whole Istrian area 
that it hopes will overcome the “nar- 
row nationalism" of Italian. Slovenian 
and Croatian extremists and will facili- 
tate the integration of both Croatia 
and Slovenia into the European 
Union. 

“We want a common region of all 
three parts of Istria”' said Mr. Rota, 
who is also president of the Italian 
Union of Croatia and Slovenia. "We 
respect borders even if they diride us, 
but we want a Benelux status for the 
three areas.” Benelux — Belgium. 
Netherlands and Luxembourg — were 
joined in a special open-borders cus- 


toms union before it was superseded 
by the European Union. 

The Istrian Peninsula, a summer 
playland of Italians. Croatians and 
Slovenes, is indeed a special area in 
many ways. 

With its walled hilltop towns 
crowned with massive churches, its 
soaring stone bell towers, cypress trees 
dotting the landscape and pastel- 
painted houses, it looks as if it belongs 
to Italy — a combination of Tuscany 
and the Ligurian Riviera. 

It has been a crossroads and melting 
pot of empires, republics and civiliza- 
tions for centuries. Romans, Vene- 
tians, French, Italians, Austrians, Yu- 

t oslavs and dow Croatians and 
lovenians have taken turns occupying 
it. 

Even in contemporary times, it has 
gone through a bewildering change of 
hands. 

Take Mr. Rota, for example, whose 
family has lived in Umag, or Urn ago as 
it is still called in Italian, for three 
generations. His grandfather served in 
the army of the Austro-Hungarian 
Empire. His father served in the Italian 
military, and be served in the Y ugoslav 


Army. His son is in the Croatian 
armed forces. 

Until 1952. all schools in Umag 
were Italian, according to Mr. Rota, 
and until 1954, when the London 
agreement was signed dividing the 
area into Italian and Yugoslav zones, 
there were 250,000 Italians in Istna. 

Today Umag’s Italian community 
numbers only 2,700 out of a popula- 
tion of 10,000; the total of Italianstock 
in Croatian Istria is around 40,000, 
with 3,000 more living just across the 
border in Slovenia. 

But the number of official ftaban- 
Croatians seems to be growing as more 
Croatians bom of mixed marriages de- 
clare themselves Italian. ■ ■ 

In 1991, 19,283 Italians from 22 Is-' 
trian communities in both coon tries 
t ook part in elections for Istri&’s Ital- 
ian communal “assembly ” Last year, 
the number readied 26^527 bom 43 
communities. 

The Croatian and Slovenian govern- 
ments, though at odds over their com- 
mon border in the Adriatic, agreed on - 
one thwig — that & transnational body 
such as me Italian Union represents a 
rhal1«ngK to both countries’ sovereign- 
ty. 


French House 


■ ■ 

1 h i ' 


mH 


suspicion of business 

the use of his luxury 3W&L obtained. Socialist; deiw ties, dg ggs? 
guilt and said he was fte.'wcoffl o 

f fcrrings Set in Marcos Rights Abn ses|| 

victims of human rights abuses whoim: 
damage from the estare of foriher Premdent Fainana t- 
of the Pbafppines. Mr. Maroos tuedto exile » Hnwau 
A jury rued here in 1992 

disappcarancesandsnromaryereaitiQns 

between 1 1972 ancf 

fee jury awarded; the plahitiffs $L2 billion 

simitar to punitive dainagc& Another ^ / 

A»in!&e* formedical cos^k^,wa^andl>^ 

■ a f wartime 




UN Threatens to Strike 
Muslim and Serb Snipers 


hank accounts alone. The Fmh 
game money, which it says Mr. 


looted frorSOiw treasa 






fr asSSaS l 

m&M 


SESS& 


£gSB5Rf|9 


biik& 












I 


>1 




■**^1 



Ym • <nj»*s V™ x Franoc-Prewe 


CANINE BEGGAR — A boy in Moscow dropping money into a box on Tuesday for a dog that has been put out to join 
the ranks of beggars in the capital. The owners usually scrawl a sign saying money is needed to buy food for the a nim al s . 


Compiled In r Our Staff From Dispatches 

ZAGREB, Croatia — The 
United Nations special envoy 
in the former Yugoslavia 
warned Tuesday that escalating 
Serb-Muslim fighting is seri- 
ously undermining the truce in 
Bosnia, and he told the combat- 
ants to stop attacking UN 
peacekeepers or face NATO air 
strikes. 

The envoy, Yasusfai Akashi. 
spoke before heading to Brus- 
sels for meetings with officials 
of the North Atlantic Treaty 
Organization to discuss future 
steps in the peace process. 

“I am alarmed that this up- 
surge in fighting threatens the 
prospects for reaching a com- 
prehensive cessation of hostil- 
ities and undermines efforts al- 
ready under way to broker an 
overall political settlement." 
Mr. Akashi said in a statement. 

He expressed concern over a 
statement by General Rasim 
Delic, commander of the Mus- 
lim-led Bosnian government 
army, that his troops would 
press ahead with an offensive 10 
capture an important supply 
road in north-central Bosnia. 

Mr. Akashi said fighting in 
the last week, concentrated 
mainl y in the Ozren mountain 
region, had increased to virtual- 
ly the same intensity as before 
the start of a monthlong tempo- 
rary truce in Bosnia on June 10. 

In Geneva, a spokesman for 
the UN High Commissioner for 
Refugees, Ron Redmond, said 
that Bosnian Serbs were seeking 
humanitarian aid for 2.500 peo- 


ple who apparently had fled the - 
south slopes of Mount Ozren, 

The United Nations says the 
truce has been disregarded 
mainly by the government side. 

“The Bosnian side is the one 
that has been most hostile to fee 
peace process and constantly 
breaching the cease-fire,” said 
Sir Michael Rose, the British 
lieutenant general who com- 
mands fee UN peacekeeping 
forces in Bosnia. 

“The danger is that they will 
provoke a massive Serb re- 
sponse,” he said in Sarajevo be- 
fore heading to the NATO 
meeting. 

Senior officials of the United 
States, Russia and fee Europe- 
an Union were meeting in Paris 
on Tuesday to finalize a map as 
part of an agreement feat would 
award 49 percent of Bosnia to 
fee Serbs and 51 percent to a 
new Croatian-Muslim federa- 
tion. 

Mr. Akashi deplored increas- 
ing threats to UN peacekeeping 
forces, including “several delib- 
erate and serious attacks" by 
both Serbian and government 
forces around Gorazde, where a 
British soldier was killed by 
sniper fire Sunday night. 

A spokesman quoted Mr. 
Akashi as saying feat it was fee 
“firm intention'' of fee UN Pro- 
tection Force in Bosnia to call 
in “if necessary and without 
further warning" NATO close 
air support “to eliminate any 
unit which deliberately attacks" 
personnel in fee force. 

< Reuters. AP) 


ADEN, Yemen (Renters) —Northern Yenamifotces 
Aden’s defenses oh Tuesday in a Jresh bid to cut^Ef,andcoptrej^ 
some of their soufeenrf oes’ key fcjdHti^of fidals sajd. L5vir»t^.- 
conditions inside the partcftjr 

trying to dig weOs to ease an increasingfy.acntrfwatcr ;feortage- ^ 
The focus of the northern assaoltS is a coastal road leading west^'f 
from Aden to a suburb called Little Aden^wbercfee breataway«££ 
south’s only oil refinery, Aden? smamptwrecstatio^fiad aimtitaiyd^'; 
complex are located. Norfeem uirite, wfiich;hjaive besieged AdenJ^. 
for three weeks in an effort to ftaoe tiaear ■ SdutSerzi Toes intir?*' 


for three weeks in an effort to tots 

submission, reached fee road on Saturd^ybcJ ore bedng push«i 
bade. 

Repeated ceasefire attempts have faded but southerners 
hope feat fee United Nations Security Council wflTsooh approtfepff 
measures that will- stop iheTighting aad allow xeSef supplies 3 

reach Aden. In New Yorkydfolpmats wreworking inrt a drtfft||£ 
resolution feat calls foj: a cease-fire , aid fealognevfcut. -wfi?jl§§£ 
appears to offer little to force an end to the ; 


Russia Defense 


MOSCOW (AP) — Defense MhristerJ?aVell S. ^GrabheSr 
NATO’s Partnership for Peace program on Tuesday ag a bridg efe^ .' •. 

nt mnlH'lraH Rncdg tr mrarH m/ i e'wftt f arJ .‘rntf a rai i rtM khwJIu?® ' 


General Grachev said at a news conference here tiiaJ r also, w|S^ : ; 
anendod by General George A Jouhvan^ATO^s&mrtmi^/^J^^ 
Commander in Europe.' General Grachev said that Frijsaa 
North Atlantic Treaty OrgattizatiouTtad 
son offices and -hot line tdephoae JmJcsl>etire^^ 

General Staff and Supreme HeadquarrersAlliedPbw^£nrofjd^ 
General Joulwan, who amved iir MpScoW c^-Mtnid^i ^ 
Russia that conkl have a 

interests, its invr^vement in &ifcme Oad thew6rid.’*JBut he 
stressed that Russia s inR^r at iOn m to KATQ agtm^s wou|dTie^ 


AMERICAN 

TOPICS 

Not-So-Prrvate Cellular Pbraes 
Unwitrin^y Help Fight Crime 

“Princess Diana coos into her cellular 
telephone to a male friend and pays a 
very public price,” Mike Mills writes in 
The Washington Post. “Colombian drug 
boss Pablo Escobar is shot dead by po- 
lice after they trace his mobile tele- 
phone’s radio sigoaL” And Ai Cowlings, 
fee friend of OJ. Simpson, fee former 
football star charged wife murder, led 
police to their car when be made several 
cellular phone calls during a highway 
chase June 17. 

But you don't have to be famous to be 
undone by using cellular telephones. The 
police now rank them among their most 
valued crime-fighting tools. Indeed, 
those who monitor privacy issues worry 
that fee police may be tempted to do too 
much wireless-phone snooping. 

Cellular telephones can be easily 
lapped by anyone with a police scanner. 
But it is a federal crime to listen in on 
them without a court-ordered wiretap 
warrant. 

The phones also are excellent homing 


^ ask the butter... 




devices. When switched on, they periodi- 
cally signal the network to announce 
then- location. 

Cellular phones can also leJl fee police 
where a suspect has been, since the tele- 
phone company keeps records of all 
calls. 

The privacy of conversations on cellu- 
lar telephones is going 10 improve soon, 
wife fee introduction of “digital" wire- 
less telephones. Because they transmit 
and receive in computer language and 
switch frequencies rapidly, eavesdrop- 
ping is more difficult. 

Short Takes 

In more than 80 percent of air acci- 
dents fee pilots made mistakes that could 
easily have been prevented, federal in- 
vestigators say. And all too often, the 
mistakes occurred because of poor team- 
work among the crew. In one typical case 
in 1978, The New York Times reports, 
the pilot entered a holding pattern while 
trying to solve a problem with the land- 
ing gear. He was too absorbed too notice 
feat fee fuel gauges wore dropping to 
empty. His two co-pilots failed “to suc- 
cessfully communicate their concern to 
fee captain.” The plane crashed, killing 
10 people. Today, pilot training goes 
beyond technical skills. Crews are 
trained to work together. They learn to 


communicate, to speak their minds, to 
listen 10 each other and to share in the 
tasks of flying fee airplane. 


Revooda Bowen, 17. a mixed-race pu- 
pil who sued her local school for viola- 
tion of her civil rights after a while prin- 
cipal said her parents had made a 
“mistake" in bringing her into the world, 
will receive $25,000 from fee Randolph 
County Board of Education in Alabama. 
The money will be paid by the school 
board's insurer. The principal. Hulond 
Humphries, bad said fee school prom 
would be canceled if interracial couples 
planned to attend. Miss Bowen, junior 
class president and head of fee prom 
planning committee, has a while father 
and a black mother. The girl asked fee 
principal whether her date should be 
white or black. The U.S. Justice Depart- 
ment is tiying to get the principal fired. 

Ever bear of Throtf? That, Golf Digest 
explains, is “thrown golf.” The player, 
instead of propelling fee ball with a club, 
simply throws, tosses or rolls it from lee 
to cup. The magazine reports that an 82 
by Joe Flynn in April 1975 is the best 
thro If score ever recorded. He sank his 
final six-foot (1.8-meter) putt by l eanin g 
over and dropping the ball into the cup. 

International Herald Tribune. 


Ukraine’s President 
Wins First Round 


auw ouu gra tiuai . ljcl us ua yoa way ixy crawr ua^ewe waiKSuu’-J ^ | 

walk before we run in this reIautkM^” he»d.:- r 

Nigerkltem^ 

ABUJA, 

military rulers to discuss deroobratiC lraii^tibn l^Tioycotted^^ ^ 
fee main opposition aa a sham r Tuesday 

before it began. ]’/ ;:■ - r 

The conference, the 

political agenda, was adjourned for two we^oti its seccwT^p 
because of inadequate accommodation and ^fe&iac5Bti<^&^^p 
369 participants. -y • - ' 

The early adjournment was criticized t»y many deteg^t es, 
of whom believe the military, which has nifcd fee c3 : T«3i..^^^ 
African country most of the time since indepehd&dce& 
ploy by fee government to prolong its stay in office.- \ 




'N-C-A-F-O-R'E 


TO OUR REAPERS IN GREAT BRITAIN 

If's never been easier to subscribe 
and save. Just call toll-free: 

0 800 89 5965 


Compiled by Our Staff Front Dispatches 

KIEV — President Leonid 
M. Kravchuk won fee first 
round of Ukraine’s presidential 
ballot, the electoral commission 
announced Tuesday. 

Mr. Kravchuk got 37.72 per- 
cent of the vote against 31.27 
percent for his opponent, for- 
mer Prime Minister Leonid S. 
Kuchma. 

The two face a runoff round 
on July 10. 

The results revealed a sharp 
regional split in Ukraine, fee 
world’s third largest nuclear 
power, wife the nationalist 
western regions voting heavily 
for Mr. Kravchuk and the Rus- 
sian populated east favoring 
Mr. Kuchma. 

Mr. Kravchuk was vulnera- 
ble because of Ukraine’s dismal 
economy. Since breaking from 
fee Soviet Union in 1991, hy- 
perinflation has ravaged fee 
country. The monthly state 
wage is below the equivalent of 
$20, about a fifth of Russia’s 
average wage. 

President Kravchuk argues 
that market reforms must be 
gradual. But his critics say his 
reforms have been so gradual as 
to be nearly invisible. Elected in 
1991, he was pressured to sub- 
mit to early elections. 


Instead of economics, his 
campaign emphasized the 
bloodless transition from com- 
munism, and warned that his 
rivals’ overtures toward Russia 
threaten independence and 
could provoke civil war. 

Mr. Kuchma, former director 
of a huge missile factory, has 
tapped deep economic and eth- 
nic resentment among fee Rus- 
sians who live in Ukraine. He 
accuses Mr. Kravchuk of cut- 
ting ties with Russia too hastily, 
and says closer links with Rus- 
sia and other former Soviet re- 
publics could stave off econom- 
ic collapse. 

Mr. Kravchuk has been 
praised by Western countries 
for moving to dismantle the nu- 
clear arsenal that Ukraine in- 
herited from fee Soviet Union. 
He has pledged feat Ukraine 
will sign fee Nuclear Nonprolif- 
eration Treaty. 

Mr. Kuchma has backed 
some denuclearization but op- 
poses signing the treaty, saying 
fee West has been slow to offer 
financial support. He vows to 
make Ukraine a more active 
member of the Russian-domi- 
nated Commonwealth of Inde- 
pendent States and give greater 
autonomy to Russian-speaking 
regions. (AFP, AP) 


TR^LITOASjM 

WHO’s Guidelines on f Safe Fo^d’ z ^S 

GENEVA (AP) — The World Health Orgamzatiqa lsst^^^j 
guidelines Tuesday to help millions of tourists avoid di^ase ffafi^ r 

From 20 percent to half of all people who travel abroad 
year may be hit by diarrhea, according to the UN health 
said fatigue, jet lag and changes in diet and dimaie made 
more susceptible to bugs in water or food. . • -• - ;• 

The leaflet, “Safe Food for Travelers,” advises: Ask a ddc§*|- 
about risks. Make sure food has been thoroughly cooked'a^^p 
still hot when served. Avoid raw food unless rt can be peetea|r r 
shelled. Bofl or disinfect any doubtful drinking water. ' 

Trade omon leaders at sfate-nmAlftalza called a one-day gSjjffliL 
spike for July 1 1 to protest job cuts by fee airline. Alitalia fefafe 
billion lire ($214 million) in 1993. The carrier saidin May.'^p^ 7 ; 
losing more than a billion lire a day. 

The Portuguese government, acting to cahn conunuters’ .^wt - . 
over sharp increases in tolls over Lisbon’s only: bridge ovS®B 
Tagus estuary, said fee crossing will be made free toalf user^^t 
year in July m addition to August / . Y (R&fjffm 

Railway Enks between France and Italy were re-estabwjp 
Tuesday in fee Maurienne Valley area of the AIps.after 
for more than 24 hours by severe storms. Road links were resf§F^ 
Monday through the Frejus tunnel, one of the mam rontas ~ ' 

One person was killed In a fire early Tuesday on the car 
a ferry sailing from Gedser to Rostock, Germany; fee 
rescue service said. It said the fire apparently started in a'lttMKl 
few hours after midnight, killing the driver. v 

A powerful storm Tuesday caused flash floodmg and theij ilBB 
of braidings in southwest Germany. Three people were r^g- 
killed ra Baden- WOrttemberg, near the Frem*bafderY?^»i 
. .ft diarrhea ontbreak has tilled at least seven Deb6lc^nd : BSBM~ 
200 others m the West Java regency of Pandeglang. the ^wllBF- 
news agency reported Tuesday. It said fee chief of the IoitfjMfc 
service blamed a lack of clean water after a rKentdiough^HK^ 


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■XM-Wlil-H-i-Ilm 

OOI-SOO-r?r4-7(.W 

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1 4400-55- I0 h[ 
177-150-27:7 
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155-0222 
OSOo-dl 12 
0‘i.W.b74 TH.H’ 
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Nc the Hands' CO* 
Nc-lherLuids Amillni 
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Nuns ay CC 4 # 

Panama 

Miliian 

Paraguayi- 

IV nio HiinJi' i.| Lima. 

Puland’-'-.i ’ 

Portugal* 1 . 1 1 

PuenuRicrvn ■ 

San Munnpu i >• 
Sluvdk Republic* CO 
Suuih Africa' to 


06-022-91 22 
4 -‘ 4 - + iXU^OO-W-lOlZ 

1. dial 02 lirsl. I 166 

800-19912 
106 
2B10-108 
008-11-800 
dul I 4 *.! lira i Uill-190 
0V0I-U4 -600-222 
05-017-1234 
l-6CA'-88iM*e00 
172-1022 
00-42-000112 
OftHl-99-Oiti 1 


SpaiiUCO 
St. Lada 
SwedemCO* ' 

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Trinidad & Tobago. 
tSPEOAL PHONES ONLY) 
United KingdomtCQ 
To call ihe II S.'.iism^BT ’• 

lb1alllhcUi.usir5MERa.rRy . 7. 
To call Jnywhmr other ihan ihrr.US 
Uruguay 

U.S. Virgin IsbndstCO 1 
Vatican City ICO 
Venezuela -r* 


900-99-i 
191^7 
020- 


Use your Mtl! Card," local telephone curd or call ctdlcxi.. jll at the same low rales. 
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