Skip to main content

Full text of "International Herald Tribune , 1994, France, English"

See other formats


.1 



iyi7 13 ^eirr 

fe*t A ^?.35 

Sfe; M' ^5i> 

i-: - Syraciter 

b: ^ 

ri<v, _-- -;0 5S. ■] . '"% 

ES I: ■' Wt'tion a J^by 







rj*i orSS 

fei»S 


E- s r'fas 

F^^IUlLV* 
f ^ afierl; 

|; e d :^ r 4f55o 

S«*3is 


fc^UT.f >' 


ft tv. 


■lilCil 




:J Jm 

•= k _- m MC 


*tu. 


P*l*i2*' 


|»tchen 


r -■= *t 

**** bsa£ 


Fh- : n.. ' . M > 

■ ; ::-“*aj(f 

|J“ • p« ditj 
I- ’•«-'> I'niwJ 


_ 1 m TnuL 

r ‘““‘ji 


- \i .. 


K aoiO\\l 

M -I IF1FI) 

s* .' 


•*i 


n 



*si- 






'rf 


-•»' ■ 





**•*' * ., 


\j 


-*Ji* | W INTERNATIONAL 4 

iicralo^jtiwenbnnc 



// 


f ,c- 


■•A 


f * C ..,v' Sll 



PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


London, Thursday , May 12, 1994 



No. 34,585 


War Widens 
As Scuds Hit 
2 Gties in 
North Yemen 


The official northern radio gave no casualty 
figures for Taizz. 140 kilometers (85 miles) 
northwest of tbe sou them stronghold of Aden, 
c Sa ^ °^ ss ^ es landed in residential areas. 
Satfa radio vowed that northern forces 
would take revenge against southern leaders 
but suggested they would not use missiles 
against southern civili ans, 

According to the radio, houses in San‘a and 
' T a‘izz were hit by “internationally banned Scud 
missiles” and “demolished’' while residents 
woe asleep. The report was monitored by the 
BBC. 

San‘a is the stronghold of President Ali Abd- 
ullah Saleh, who is locked in a week-old war 
with Vice President Ali Salem Raid. 

On Wednesday, General Saleh told his 
southern foes to leave the country or be kfltoi 
“I am ready to give instructions to the De- 
fense Ministry to stop attacks against the rebels 
so they can leave Aden port to Djibouti or 
anywhere eke," General Saleh said. “If they do 
not do this now they will pay a high price and 
will lose their lives.” 

The president’s remarks, quoted on San ‘a 
television, came during a meeting with police 
officers in the capital hours after southern 
forces Bred the Scuds, 

General Saleh called the attack a “cowardly, 
treacherous action, which will not go unpun- 
ished." . 

San's radio said, “The gang of the vile killers 
wiQ never escape the people’s retribution." 

The north has accused Mr. BakJ of leading a 
srcfwwimst struggle to spEt the country, which 
was cleared, by a merger of die conservative 
north and the Marxist south m 1990. 

Mr. Baid’s southerners oppose what they see 
as General Saleh’s despotic style and. accuse 
-bufrfet wanting to run Yemen as an autocrat. 
"_In Cairo, tire Yemeni foreign minister. Mo- 
hammed SaBm Baseodwah, said after meeting 
President Hosni Mubarak that northerners bad 
the upper hand in the fighting and that the war 
would be over wit hin 24 hours. 

He called on members of the southern Ye- 
men Socialist Party, whom he Warned for the 
conflict, to give themselves up, promising they 
wouMhaveaTairtriaL” - 
He said the north would accept a cease-fire if 
the southerners agreed to recogirize the govern- 
ment of Genera] Saleh, respect the country's 
unity and put aD the armed forces under the 
government's control. 

The armies of the two countries never merged 
after the 1990 union. 

Witnesses to tbe missile attack in San‘a said 
they heard a deafening sound and then saw a 
dust column rising into the sky. Terrified moth- 
ers and children ran screaming in search of 
shelter after the missiles landed. 

Soul missile attacks last week caused little 
damage ft was the.fircl time the inaccurate, 
surface-to-surface missiles had been fired in the 
Middle East since the 1990-91 Gulf crisis when 
Iraq attacked Israel and Saudi Arabia duringits 
occupation of Kuwait 
The London-based International Institute 
for Strategic Studies estimates that the south 
bad six Soviet-made Scud launchers at the time 
of tbe merger in May 1990. ead. armed wOh 
ope missile or possibly two, with a range of 300 

^Fighting was reported by tbe south to be 
raring Sg the old border between the two 
’ former halves of the nation. 

Tte south's Aden ratio npoped figgy * 
three locations along the border: in Dhalea, 
about 100 kilometers north of Aden; in KurusK 
fiSSr easuSd at a point close to Bab al 
Mandab strait, where the old lborf« meet at 

"V3S' ESSS — 1 “ "*> 

^ ££ forces IW-J-J 


Ceneinf Saleh’s dite Amaliqa brigade had been 


Gea T rXnXbx The He* stationed 

SffJlSV of a fafled bid to unify the 
northern and southern armies. AfP) 


23 Are Killed in San'a 
As Southerners Take 
Hostilities to Capital 

Compiled fair Our Stuff From Duptuches 

sout^m^iv?i emeD r _ ’ ? cud ***** Bred by 
sou the ra cml war foes slammed into the north- 

ou Yotou c^es 0 f San’a and Ta'izTon 
Wednesday, San‘a radio reported 
A statement by the nortbeni military com- 
two of the missiles landed in San'a. 
the capital, Jolting 23 people and wounding 30. 
The casualties were the first to be reported in 
San a m the war. 



A ^e^man poheeman kissing hfe AK-47 assault rifle on W ednesday as be and other Palestinians arrived at the DefrriBalX base 
m tfie baza Ship. One of tbe first tasks of the new police force will be to try to disarm thousands of Palestinian civilians. 


Palestinian Police Begin Work in Gaza 


By David Hoffman 

Washington Post Service 

JERUSALEM — A Palestinian police 
force began taking over abandoned bases 
from the Israeli nnJitary government in the- 
Gaza Strip early Wednesday and announced 
that its first major task would be to disarm 
thousands of Palestinian civilians. 


Although it is not known precisely how 


ra precise 

many guns are held in Gaza, Palestinians said 


there might be several thousand and perhaps 
more in the hands of dvffians as well as 
among the guerrillas and fugitives who have 
used them in the revolt against the Israeli 
occupation. 

“The main purpose of having the guns was 


for resisting the Israeli occupation, but now 
we are getting into a new era of reconstruct- 
ing our national authority." said the com- 
mander of the newly arrived police force. 
Major General Nasr Yousef. He did not say 
how the police intended to confiscate the 
weapons, which have often been kept hidden. 

He spoke at a news conference al the police 
headquarters in Gaza City, while at the town 
of Dor el Balah. Palestinians thronged into 
the barracks of the first contingent of police- 
men to cross the border from Egypt. They 
pulled into the compound just before dawn 
on Wednesday after an emotional parade 
from the border. 


vehicles parked outside, the policemen, 
dressed in army fatigues and bearing assault 
rifles, were awash in greetings from residents, 
who refused to leave the premises. They 
showered the policemen with traditional 
Arab greetings, flowers, candy and an all- 
night celebration, defying the night curfew 
that has been imposed on Gaza since the 
Palestinian revo't began. 


The police lock over a while building that 
used to be surrounded by Israeli soldiers and 
had served as headquarters for the Israeli 
military government, which was a haled sym- 
bol of the occupation to many Palestinians 


With their American-donated camouflage 


See GAZA, Page 7 


German Interest Rates 


Slashed to 5- Year Low- 


But Surprise by Bundesbank Fails 
To Ignite StiUrSkeptical Markets j 


By Brandon Mitchener 

International Herald Tribune 

FRANKFURT ■ — The Bundesbank cut Ger- 
man interest rates Wednesday to their lowest 
levels in five years, in a move that bad monetary 
ripple effects' across Europe even as the Federal 
Reserve was believed to be considering raising 
U.S. interest rates again. 

.After months of talk about slow, cautious 
easing, the powerful German central bank sur- 
prised markets by slashing its cheapest rate on 
loans to banks, the discount rate, to 4J percent 
from 5.0 percent, and lowering its most expen- 
sive rate, the Lombard, to 6.0 percent from 6.5 
percent. 

The central h anks of Austria and Italy fol- 
lowed the Bundesbank's move, while rate cuts 
in Denmark and France had preceded it. 

The German finance minister, Theo Waigel. 
and the U.S. Treasury secretary. Lloyd Boil- 
sen. said that the monetary action would 
strengthen the economic recovery in Germany, 
where interest rates have not been so low since 
July 1989. before German reunification. 

Tbe Bundesbank, in a published statement, 
said that its move “underlines tbe fact that the 
outlook for stability in Germany has im- 
proved.” But it took aim al investors who have 
parked funds in high-return, short-term depos- 
its that have spurred a worrisome expansion of 
the M-3 money supply, the bank's major ba- 
rometer of inflation. 

“With this step, we should have reached a 
configuration that favors a gradual dissipation 
of the liquidity backlog and stronger monetary 
capital formation." the Bundesbank said. 

The twin rate cuts, which exceeded most 
market expectations of cuts of a quarter point 
and followed the last leading rate cuts on April 
15 by less than a month, also took advantage of 
the strength of the Deutsche mark. The cuts 
supported the dollar, which briefly jumped a 
pfennig on the news. 

The dollar is expected to find further support 
if the Federal Reserve raises U.S. interest rates 
again, an event that many economists believe 
could be imminent. (Page 11) 

Although lower interest rates in Europe are 
widely regarded as grease for the wheels of its 
national economies, European markets seem to 
have largely shrugged off the cuts amid a grow- 
ing feeling that Bundesbank action would now 
be less frequent. 

“The Bundesbank'- statement reads as if that 


was it,” said Jo achim Fels, an economist 
Goldman Sachs International in Frankfurt. 

‘The speed will slow down considerably 
the second half of the year,” Stefan SchneicP 
an economist at Nomura Research Institute 8 
Frankfun, told Reuters. * 

Some economists argued that the Bund 3 
bank would now wait a few months to £ 
whether its move has tbe desired effect of * 
during growth in the closely watched M-3 me 
ey supply before lowering the discount iri 
a gain. » 

But Mr. Fels said that lending by ban 
rather than interest rale distortions.' was > 
main factor driving M-3 growth, and he qu 
tioned the central bank's stated justification 
cutting its leading rates on Wednesday. 

“We don't think investors want to cornu 
themselves to long-term investments because 
developments in the capital markets," he s< 
“They ve seen that interest rates on the 1C 
end are volatile. They’re unwilling to buy lo£ 
term bonds now because they expect the ra* 
might rise further. Instead, they opt for she 
end bonds, stocks, or real estate." 

“I think they’ll now watch to see if invest^ 
shift assets out of short-term deposits," he sa* 
But he cautioned that “we have our doubts.- 
Analysis al Salomon Brothers Interaatioi € 
were also skeptical. “A failure of M-3 to dec 
erate sufficiently during this year — still} 
notable risk — could raise bond market fears’ 
eventually hi gher inflarinn and prompt i 
Bundesbank to bring the rate cuts to a h. 
sooner than expected,” they wrote in a maxi^ 
comment ^ 

The M-3 money supply rose 15.4 percent,] 
March, well above the Bundesbank’s target 
money supply growth between 4 percent an*, 
percent for the full year, a range that ecov 
mists are increasingl^xfismissina as onrealis- 
Tbe target range is scheduled for a reasst 
menl m July. 

Analysts said the Bundesbank's sharp i" 
cut probably reflected both the weakness of 
dollar and a recent surge in German exp 
orders. Together the two factors have "redu- 
fears that the Deutsche mark might deprecn 
sharply and boost imported inflation," acco. 
ing to Salomon Brothers. I 

"The main reasons were to jolt the econo 
and to shock investors out of liquid assets, 
tbe dollar's weakness made tbe decision easit , 
said Mr. Fels. t 


Kiosk 


Territory of Bosnian Federation Fixed 


Dow Jones 


Triblndex 





VIENNA (AFP) — Croatian and Muslim 
negotiators fixed the extent of their future 
joint federation on Wednesday, claiming 58 
potent oT the territory of Bosnia-Hercego- 
vina. Prime Minister Haris SiJajdzic of Bos- 
nia said. 




DM 


u 


1.8725 


Pound 


1.4945 


1.4887 


Yen 


10425 


104.415 


5.721 


5.7305 


(tenoral News 

Boris Yeltsin began a visit to Germany, push- 
ing for better treatment of Russia. Page 2. 

Health/ Sctenoa 

Infectious diseases are making a major come- 
back around the world. Page 10. 


Book Review 
Crossword 


Page 9. 
Page 22. 


Tbe new federation will be made up of 
right cantons, two of them with a Croatian 
majority, four with a Muslim majority and 
two composed more or less equally of mem- 
bers of both communities. Of those with an 
equal mix of Muslims and Croatians. one will 
be in central Bosnia, with tbe other situated 
along the River Neretva in tbe south. 

The special U.S. envoy, Charles Redman, 
said the outcome of the talks was slightly 
different from what bad been expected after 
five days of meetings at the U.S. Embassy in 
Vienna. buL added: “1 t hink the result is a 
good one. it is a different, but a better solu- 
tion than we thought we would get.” 



Paris Spurns El 
On Orly Rights^ 
BA Vows Flighty 


The Asxxiated Press 


Muslims step tf> attacks on Serbs. Page 2. 


Viktor Koiourrt Rrukr> 

FORBIDDEN FRUIT — A Moscow woman gazing at a display of expensive produce 
on Wednesday. In Brussels, tbe Earopean Union reached a broad trade agreement that 
will give much Russia wider access fo tbe markets of Western Europe. Page 11. 


Mandela Names Wife and Inkatha Leader to Cabinet 


By Paul Taylor 

Washington Post Service 

PRETORIA — On his first full day in office. President 
Nelson Mande la pul the finishing touches on his cabinet, 
a dding watranged wife as well as the Ink a tha Freedom Party 
leader, Mangosuthu ButbdezL 

Chief Butbdezi, a longtime adversary of Mr. Mandela’s, was 
nomwt Miniver of Home _ Affairs, a portfolio that administers 
citizenship documents, al ie n control and elections. 

Winnie Mandela, a political wildcard who has been separat- 
ed from her husband since 1992, was named deputy minister of 
arts, culture, science and technology. She is the head of the 
African National Congress’s Women’s League. 

Both appointments reflect the depths of Mr. Mandela s 


commitment to indusiveoess in Souib Africa's new a'alition 
cabinet. They also reveal a disposition toward the old adage 
that says it is safer have one’s potential enemies on the inside 
than on the outside. 

Chief Bulhdezi, too. has shown a commitment to working 
from within rather than opposing from without. Though In- 
katha had been assured of 3 or the 27 cabinet posts by virtue of 
its I0J percent showing in the national elections last month. 
Chief Buthelezi had kept everyone guessing until Wednesday 
about his intentions toward a cabinet slot. 

In an interview in December, the chief dismissed the notion 
that he would ever enter a coalition government led by the 
African National Congress, observing' that "Mandela hates 


me. 


The two have known each other for more than 40 years, and 
their relationship has always been difficult and competitive. It 
became especially poisonous in the last decade, as their sup- 
porters engaged in bitter faction fighting that claimed the bulk 
of the 20.000 lives lost in political violence. 

But Mr. Mandela worked hard lo urge Chief Butbelezi to 
come into the election campaign — a step Inkatha finally look 
just a week before the voting — and wooed him again to come 
into the cabinet. On Wednesday, the two whispered chummiJy 
into each others' ears as cameras clicked for the official portrait 
of the new cabinet. 

With Chief Buthelezi in an ANC-Ied cabinet at the national 
level, and with lukaiba in the lead position in a coalition 
See MANDELA, Page 7 


PARIS — France overrode a Europe I 
Union order and told British airlines > 
Wednesday to abandon their bid to serve O 3 
airport, setting the stage for a showdown a 1 
week. 

la the latest dash within the Union oj 
efforts to lower trade barrios and spur coml^ 
tition, British Airways stood firm and vowee . 
fly to the airport, south of Paris, beginnU 
Monday. a 

The French transport minister, Bernard B “ 
son, said the planned Rights between Lone* 
and Orly by British Airways, its French sub* _ 
iary TAT, and Air U JC would be iliegal- 

Wiih state-owned Air France losing 8 bill 
francs ($1.4 billion) last year, France is ref us 
to heed a European Commission ruling 1 
weeks ago to open up London-Oriy routes. 

France has said it will not enforce the or. 
pending the outcome of an appeal to the Eu 
pean Court of Justice. 1 

The British-owned carriers are Hying 1 
bring to a conclusion a conflict with the' Frev 
government to open landing slots at Orlyi 
more competition. 

Mr. Besson has said that be favors 
competition on the Paris- London route, but, 
French carriers are opposed until Loodt 
busiest airport, Heathrow, grants more sloi-J 
them. 

In October. Mr. Bosson announced ihegr 
ual opening of Orly to London in April irT 
but French officials said three obstacles | 
main. They- contend that Orly's gales are 
ready overtaxed, that Heathrow needs lo Oj 
more gates to French airlines and that Fra 
needs lime to adjust its transport policy. 


Sexual Harassment and Academuu A Chilling Mix 


Bv Dirk Johnson 

__ , .C mice 




CHICAGO - « Chicago 
livers a D f^ hoo ] 


weflian consequences of stiingent codes intend- 
ed to enforce political and moral rectitude on 
campuses. 

la a discussion of the role of inieni in sin. 


» C ' D pmr O SCflUUJ VUi^— , 


Jan, ' If U • 

•“T^ Yhe orofessor says lauds on a woman and aeodentaUy, has rnter- 

m case the course with her. TheTalmud saysbeis innocent 

offenave. j^der, 63, is being ^^sipcetheactwasuiihitfiotional 


Cook County court against the seminary for 
defamation of character. 

“It’s humfliating," he said. “People hear 
about sexual harassment, and they suppose i 
went around pinching students." 

Some scholars say tbe specter of sexual ha- 
rassment charges is having a chilling effect on 


PC and the presadart: Sexual harassment 
case wfl] pose fkn&b scenarios. Page J. 


case 


, ^ro^y^9 tossay 




gsup m 

§§*§|pgi 

S£ss sSfcas 


nica a u/uyini"‘ tt- 

darned minister who 
jessonin tbe classroom for more than 30 years. 

The university issued a formal reprimand 
and notified every student aito tracher at the 
XoL telling them that Mr. Snyder had en- 
j^gedin verbal conduct of a sexual nature dial 
SHhe effect of "creating an inrnmdatong, 
hostile or offensive" environment. 

Thpnmfessor contending that his reputation 
JtSttb y “nush£ has filed suit in 


intellectual discourse in America's colleges and 
universities as professors and instructors avoid 
legitimate but touchy subjects. 

Universities have seen a sharp increase in the 
number sexual harassment charges that focus 
on the content of classroom lectures or reading 
material, according to Ann Franke. a spokes- 
woman for the American Association of Uni- 
versity Professors 


L«3l experts say the Snyder case could force 
e 05. Supreme Court" to 


the 

sexual harassment 
Amendment rights 


decide whether 
codes violate the First 
of free speech. Federal 


courts in Michigan and Wisconsin have struck 
down codes at colleges in those states that 
forbade "hate speech." 

“Sexual issues are becoming more difficult lo 
discuss in the classroom.” Ms. Franks said. “I 
hope we're not entering a new Victorian era 
where certain topics cannot be discussed." 

“This is not lo say that concerns about the 
problems of sexual harassment on campus are 
nol legitimate " she said. ' But the serious, sober 
classroom discussion of sex does not, in and of 
itself, create a hostile environment." 

Mr. Snyder said the woman in his class told 
him that the story from the Talmud, and his 
selection of it. conveyed the message that it was 
permissible to harm women a:* long as it was 
unwitting. 

"She said. ‘Men h<oc abused me all my life, 
and then claimed that they ju*i weren't aware of 
it’" Mr. Snyder vaid. (The seminary has not 
identified the woman. I 

The Chicago Theological Seminary trains 
ministers for the United Church of Christ, one 


See PC Page 3 


Warily, West Eyes Neofascists 


Berlusconi Rejects Concern as ' Disinformation 


By AJan CowelJ 

New York Times Service 

ROME — Smiling in victory, Silvio Ber- 
lusconi was sworn in Wednesday as Italy’s 
prime minister, heading a government that 
inspired adversaries, at least, to question 
where it would lead the nation after more 
than two years of corruption scandal. 


Flanked by ministers including five mem- 
bers of his ncofascist National Alliance co- 
alition partner. Mr. Berlusconi, 57, took the 
oath of office, pledging to “be faithful to the 
republic. loyally to observe its constitution 
and laws and to exercise my functions in the 
exclusive interest of the nation." 


From its very beginnings, the three-party 
coalition government seems certain to face 
demands from inside (he country that it live 
up to its campaign promises of a dear break 
with the past and an economic revival to 
give jobs to one million Italians. 


“We are not expecting miracles," said 
commentator, Giuho Savdli, “But we 
pect, right from tbe fust cabinet meetim 
concrete measures to show we have mirfp 
new path." 

Bqrood its frontiers, moreover, the ne 
administration will face an equally s 
ing question from its Western allies: iak. 
the presence of neofascists in its ranks fc‘ 
the first time since World War II denote 

worn some and potentially contagi 

gence of (he past? 

[Mr. Berlusconi on Wednesday rtiecte 
international concern over the presence c 
neofascists m his government as the nrodm 
of bad faith and disinformation," Reui^ 
reported from Rome. 

fln his first interview as prime minister h 
told state television that none of his Intim 
jexs had anything to do with Fasrisn^A 
Italians can be absolutely sure that J/. 

See ITALY, Page 7 


3 


am 


«? 

id 

It? 

LE 


*ly 


■pe. 


ISlfi 


om 


pte 

ms 

non- 

ipsk 


<L 

net, 

3 . 


IN 

% 

MU 

0 







INTERNATIONAL HERALD TRIBUNE. THURSDAY, MAY 12, 1994 


Muslims 

-Htep Up 


U.S. Troops in Macedonia ? Natives Are Friendly 


WORLD BRIEfS 


f. attacks on 

fe - 

teSerb Areas 


jtfliull 

Su. lC if mpiled br Our Soft From Dapacho 

ofpARAJEVO, Bosnia-Herzegovi- 
jj* -os — Bosnia's mainly Muslim gov- 


fii; tiiiment army has stepped up at- 
$1 acts on several fronts, including a 


S i;; MiSS several trams, mcmoing u 
h oof b-con trolled town. Brcko. 




jJJS ’ j-fcre it was blamed Wednesday 
Si; iun a mortar attack that killed a 
'•ji ) . gnaul woman and two children, 
tn/be shelling of Brcko began 
‘litfsday. shortly after United Na- 
ff;* j IPs officials said government 
japs had deployed mortar and 
^(i-ainrafl guns near Sarajevo in 
g ‘ pihlation of a LlN-iraposed Iteavy- 
p»j yf is exclusion zone around the 
rtesfex’Oian capital. 

M'* * lighting between the army and 
M, , 1™ mi an Serbian troops was also 
tfV^jhioned Wednesday in the north- 

i "i* tsh town of Tuzla. where LIN of fi- 
ll: jisb said four mortar shells had 
£ folded in the Muslim pan of the 
£»* (all'. 

4 f Commander David Holloway, a 
'^oikesman for the UN Protection 
said Fighting was also re- 
liyusted about 10 kilometers tsLx 
^ feres) northeast of Tuzla. where 
£0^1 military observers counted 30 
c fi'lonations. He said it was unclear 
® ilgchere were any casualties. 

ft fhe LIN force did not say who 
3 ' j ap responsible for the shelling in 
y ■ litlfko, but a spokesman in Zagreb 
Ip- 'S a j there were “very strong indica- 
J{; aj cfl&" that it came from Bosnian 
4 ‘ -aemment positions. 

A LIN spokesman in Sarajevo. 
mman der Eric Chaperon, said 
mortar shells hit the center of 
n town Tuesday evening as a Bos- 
eit Serb assembly was gathering. 
tHie Bosnian Serb leader. Rado- 
. Karadzic, and his military 
jS-jij; ounander. General Ratko Mla- 
{l* !j: ^ also were meeting in the town 
fihe time of the attack. In addi- 
n to the three dead. at least 13 
’Ii pple were wounded. 

§ }J: 3rcko is in the nanowest pan of 

e rridor across northern Bosnia 
ng Serb-held territory in the 
“i .1 and west. Government forces 
uld like to cut the vital supply 
ue. 

3oih sides have been building up 
.. | ces in the area Tor what could w 
<f- : next major battle in Bosnia's 


By Henry Kamm 

\ t m York ftmrx Senior 

KRIVA PALANKA. Macedonia — 
About 20 kito/new* northwest of this vil- 
lage in Ihe mouniainous Balkan comer 
where Macedonia, Serbia and Bulgaria 
meeL a little bit of America has sprung up, 
heavily motorized and heavily armed. 

The" soldiers of what is, as far as their 
officers know, the first American ground 

combat unit ever to serve in the Balkans 
have brought with them comforts that are 
most uncommon in the mountain villages 
of one of Europe's most backward regions. 

They have installed flush toilets and 
running hot water. Their refrigerators are 
stocked with fresh and frozen meats and 
poultry and other staples of the American 
table. 

When not out on foot or motorized 
patrols, they make do for recreation with 
movies, television, a VCR. a library. They 
lift weights and ride an exercise bicycle. A 
large meadow serves as a football field. 

The American contingent is the largest 
unit in a United Nations monitor force 
that has taken up positions at observation 
posts along Macedonia's borders with Ser- 


bia and Albania since last year. I.At of 
mid- May. the American contingent stood 
at 510 soldiers.) 

The UN force serves as a largely sym- 
bolic deterrent against possible spreading 
of the conflicts in Bosnia and Croatia. 
Norway. Finland and Sweden supply the 
bulk of the remaining force. 

“We are here to show the UN presence, 
observe, monitor and report along fhe bor- 
der between the former Yugoslav Repub- 
lic of Macedonia and Serbia in order to 
contribute to the stability of the former 
Yugoslav Republic of Macedonia," said 
Private First Cass Fong Xiong of the 3d 
Infantry Division of the U.S. Arms. 

Private Xiong was reciting a well-mem- 
orized brief and using the official name for 
the country that is his host. But the Ameri- 
can monitors still share some of the out- 
side world's perplexity at the region's con- 
voluted history. 

Asked what he knew about Macedonia 
when he learned he was to be assigned 
here. Sergeant First Class John A. Mou- 
53 w replied: “Let me make it real brief — 
zip. When they said Macedonia, i didn't 
know where it was.” 


What the troops have learned goes be- 
yond the UN’s impartial brief. In the sol- 
diers' minds. Serbia is identified as the 
enemy, and their mission is seen as helping 
to protect Macedonia against Serbian at- 
tack. 

“They just want to keep this land and 
not be occupied as they were for the last 
hundreds of years." Sergeant Mousaw 
said. 

From 1944 until it declared its sover- 
eignty in 1991, Macedonia was a republic 
of Yugoslavia, with nominally the same 
status as Serbia. As the poorest of the six 
republics. Macedonia benefited from am- 
ple economic aid from the federal govern- 
ment. 

Perhaps that is why its citizens seem not 
to rejoice at independence or the end of 
communism. There are still pictures in 
public places of Tito, the founder of Com- 
munist Yugoslavia. 

The resentments voiced by Macedo- 
nians are not directed at the former Yugo- 
slavia or Serbia but at neighboring Greece, 
which opposes the country's claim to the 
name "Macedonia" and has imposed an 
economic embargo, and against their 


many fellow citizens who are ethnic Alba- 
nians. 

So far, the monitors have found nothing 
significant to report, said Elizabeth Bal- 
dwin, spokeswoman at the headquarters of 
the UN Protection Force in Skopje, the 
Macedonian capital. 

They have been involved only in minor, 
nonviolent incidents, quickly settled, with 
Serbian soldiers patrolling their side of the 
border. 

The 17 men posted at Observation Post 
U 56 said they preferred field duty to ihe 
chores at headquarters at the Skopje air- 
port. “They are real friendly people," said 
Sergeant Mousaw, who commands at U 
56. 

“We run into locals a lot on patrols, 
said Staff Sergeant Joseph E. Johnson. 
“They offer you coffee and ask you into 
their houses. Every lime you turn around 
you get your pockets full of walnuts. You 
can't say no.” 

The sergeant said soldiers were also pre- 
sented with bottles of the potent local- 
home brew, which they are not allowed to 
drink. “When they’re gone, we just pour it 
out." he insisted! 


rim ] “ . -'•-“HU- 

niiy, a group of lawmakers backed by Ihe arm sworn mu Supreme Chun 
justice as Haiti’s proviskmal president_o n Wed nesday ^ an anempi to 
compleie the military's 


complete the military’s removal of the Kcvereua jean-neriraiKi Aristide. . 

The move lacks the support of most Hunan lawmaker^ and jfcc 
international community, which want Father Aristide restored to power. 
The White House denounced it as “cynical, iraain^tunonal and illegal." 

Thirteen Haitian senators and 30 deputies supported ffic appointment 
of Justice Emil Jonassaint, 80, to supplant Father AnstJde, die country's 
first democratically elected president Mr. Jonassaint was worn mat the 
Legislative Palace with the army commander, Goieral Raoul C&draj, 


Gonzalez Hints at Vote of Confidence 


MADRID (AFP) — Prime Minister FcDpe Gomtikz rejected calls to 
Step down on Wednesday amid an investigation of fonner cabinet 
members for corruption, but said he might call a vote of Confidence 
“when the time comes." . ": 

Mr Gonzalez told Parliament that he would stay in power to dear op 
allegations of widespread corruption so that justice could be done. -. 

He declined to rule out a vote of confidence to assess parliamentary 
support for his Socialist Party, which has come under attack after the' 
disappearance of the former chief of the Civil Guard, Luis/Roldia, 


Rank of Spam, Mariano Rubio, on charges of embezzling public 


Bonn Hans Law on Holocaust Deiual 



UN Chief in Bosnia 
Curbs Press Access 


BONN (Reuters) — Chancellor Helmut Kohl’s government plans to 
make a crime or the far-right denials that the Holocaust murders of Jews 
took place, German television reported Wednesday. 

ZDF television said the Justice Ministry had drafted a kw agamsl the 


“Auschwitz 1 b" after existing rules were called into question. S Mach, 
Ger man y** highest appeals court, the Federal Court of Justice, overturned 
the conviction of a neo-Nazi leader by arguing that denying that the 
Holocaust happened did not alone constitute incitement of racial hams.' 
Courts had used the charge of inciting race hatred to prosecute neo-Nazis 
by arguing that denying the Holocaust was an attack -n aD Jews. 2JF^d 
the draft law would specify that denying the existence of ihcHaktcapsLin 
which over 6 millio n Jews were murderki, as a crime in itself. _ 


Officials Must Clear Brief ingi 


Helmut Kohl, right embracing Boris N. Yeltsin in Bonn on Wednesday at the start of a state visit 


yyeai war. 


jt. Hie tension did not bode well for 
Bering Friday in Geneva, where 
ssian. American and West Euro- 
m foreign ministers planned to 
ensify alls for a negotiated sei- 
„ £ nent to the war. 

5? Bosnian government radio said 

1 U.S. vice president, A1 Gore, 

jjir rphoned the Bosnian president. 
! ja Izetbegovic. to discuss the 
<s and ask for “flexibility." 
ere were no details. 


A Yeltsin-Kohl Hug , Then Tm 


Elsewhere. Serbs finally let a 


;nch convoy with medical sup- 


K reac ^ ^ Muslim enclave or 

L'i it-I iraii,- afw-r hiilHinb il un niirth 


irazde after holding it up north 
I: the town since Thursdav. 

(AFP. API 


y , France Threatens Serbs 
£ ; France threatened Bosnian Serbs 
jjjii] th a war crimes tribunal on 
g:j }f : idnesday if they put 1 1 captured 
ft; $l'‘ aich relief workers on trial for 


eged arms smuggling, Reuters 
Gift >orted from Paris. 


Bv Craig R. Whilney 

.Vnv York rime* Sin'hi- 

BONN — President Boris N. Yeltsin began a three- 
day slate visit to Germany on Wednesday, pushing 
hard on several fronts with his friend. Chancellor 
Helmut KohL for more respectful and dignified treat- 
ment of Russia. 

“Dear Boris" and “my friend Helmut" hugged each 
other warmly in bright spring sunshine, but there was 
tough diplomatic bargaining nonetheless. 

Mr. Yeltsin offered Russian support for a perma- 
nent seat for Germany in the United Nations Security 
Council, “if it is expanded." 

in response. Chancellor Kohl gave German support 
for the full inclusion of Russia in the group of the 
world's most powerful industrial democracies after the 
economic summit this summer in Naples. 

Mr. Kohl, who insisted in 1985 that President Ron- 
ald Reagan visit a German military cemetery that 
included the graves of a few Waffen-SS soldiers, 
diplomatically gave way to Mr. Yeltsin's objections to 


a ceremony for departing Russian troops this summer 
in the eastern German city of Weimar. 

The Russians felt that this would invite compari- 
sons between their 49-year occupation of eastern Ger- 
many and the cruelly of the nearby Nazi concentra- 
tion camp in Buchen’wald. 

At a news conference. Mr. Yelisii did not bring up 
previous suggestions that Russian .loops should be 
included in military parades for the British, French 
and American soldiers who defended West Berlin in 
the midst of communist icrritorv until unification in 
1 99ri, 

Nor did Mr. Kohl yield Wednesday to his guest -, 
insistence on special treatment as a condition of join- 
ing the "Partnership for Peace” offered by North 
Atlantic Treaty Organization leaders at their" summit 
meeting in Brussels last January. 

Poland, the Czech Republic. Hungary and some 
other formerly communist countries accepted the 


By John Pomfret 

ll'iiibiijrvi Post Senior 
SARAJEVO — The senior Unit- 
ed Nations official in Bosnia has 
taken steps to restrict contact be- 
tween the press and the UN opera- 
tion here following an article in The 
Washington Post in which two se- 
nior UN civilian and military offi- 
cials criticized U.S. policy. 

In an interoffice memorandum 
addressed to all senior military and 
civilian staff. Yasushi Akashi. spe- 
cial representative of Secretary- 
General Butros Butros Ghali. 
banned the men and women serv- 
ing under him from giving briefings 
to reporters unless They were “dis- 
cussed and cleared with my spokes- 
man in Zagreb." 

Mr. , Akashi also said he was dis- 
turbed at the “unexpected degree 
of naivete" on the part of “a num- 
ber or senior officials,” and effec- 
tively prohibited them from further 
criticism of any UN member state 
because such “unacceptable” eval- 
uations could be "immensely dam- 
aging to our mission." 

The memorandum, dated May 4. 
made references to two previous 
instances in which Mr. .Akashi has 
sought to limit press access, an in- 
ternal statement on press guide- 
lines issued Feb. 2 and a subse- 


quent note “regarding the 
unauthorized release of informs- 


partnership reluctantly as a possible first step toward 
full membership in NATO for themselves something 
Russia objects to strongly as a threat to its >ecurity. * 


lion" dated April 8. 

Press reports here are generally 
seen by the UN operation as re- 
vealing a pro-Muslim bias, while 
many reporters believe UN offi- 
cialsare unnecessarily tough on the 
Muslim side. 

The latest illustration of bad re- 
lations concerns a deal negotiated 
bv Mr. Akashi in the Bosnian Ser- 
bian stronghold of Pale last week. 
Under terms of the bargain, the 
UN let Serbian forces move tanks 
through a zone around Sarajevo 
where the North Atlantic Treaty 


Organization had banned such 
heavy weapons. In exchange, the 
Serbs agreed to release a company 
of British soldiers who had been 
headed for the Muslim town of 
Gorazde before Serbian forces 
blocked their way. 

While Mr. Akashi denied any 
linkage between the two incidents, 
UN officials in Sarajevo contra- 
dicted him. 

The latest missive was prompted, 
the memo said, by an article In The 
Post on April 30 in which two se- 
nior civilian and military officials 
of the UN operation said" the Unit- 
ed Slates was partly to blame Tor 
the continuation of the war in Bos- 
nia because it had given the mostly 
Muslim Bosnian government the 
false impression that America's 
military support was on the way. 

One of the officials went on to 
say that the UN's goal in Bosnia 
had essentially become the attain- 
ment of peace at any cost. 

The article angered the U.S. del- 
egate to the United Nations, Made- 
leine K. Albright, and Mr. Butros 
Ghali said he would open an inves- 
tigation to discover the source of 
the criticism. 

In Mr. Akashi's memo, he said 
the article “Is only the most fla- 
grant case in a series of incidents in 
which senior officials have spoken 
in a careless, undisciplined and un- 
professional manner to journal- 


Texan Tied to Duchess of York Is Held 


LONDON (AP) — John Bryan, the man once photographed smooch- 
ing with the Duchess of York, was arrested Wednesday in connection 
with allegations that he f afled to pay car parking fees, the-poheesani. •- 

Detectives were interviewing Mr. Bryan, 39, a Texan financier, at 
Heathrow Airport "few false accounting and deception," a police spokes- 
man said. 

The police said last week they wanted to speak to him about alleged 
evasion of car parking fees. Mr. Bryan was reportedly challenged about 
his ticket as he drove out of a parking lot at the airport after Teturrang 
from a trip to the United States. 

Mr. Bryan was described as the Duchess of York's financial adviser 
after her separation from Prince Andrew in March 1992. Months later, 
newspapers published photos of the duchess sunbathing topless with Ur. 
Bryan during a vacation in southern France. 


Correction 


An article on the U.S. dollar od Page 1 of Wednesday's editions failed 
to credit Bloomberg Business News for substantial reporting contribu- 
tions from the United Slates and Europe. 


TRAVEL UPDATE 


Munch's 'Scream’ Agam OnDisplay 

OSLO (Reuters) — Edvard Munch's masterpiece “The Scream" west 
on public display in Oslo’s National Gallery again Wednesday, three 
months after it had been stolen — but this lime, far away Emm the 
windows. 

“I feel that a weight has been lifted from my shoulders." said the 


gallery's director. Knut Berg, as be showed the painting to the media. He 
said security at the gallery had been improved. The 1893 painting of as 
embryonic figure, wide-mouthed in tenor standing on a bridge beneaih a 
blood-rod sky. was recovered virtually undamaged in an intanarionai 
“sting" operation over the weekend. " ■ .. v.^.. 

A two-hour strike by pilots and other fhgbt personnel at,tbeM5h 
airline LOT delayed the carrier s flights from Warsaw's intenaliooal 
Olcecie airport on Wednesday. (Reuien) 

Au~ Inter personnel have aimounreri they wifl strike the French domestic 
carrier on Tuesday to protest what they believe are restrictive manage- 
ment practices that are damaging the airline's future. (}H7) 

The French shipping company Soriftg Nationale Corse-Mfidiierranee 
indefinitely suspended passenger services on Wednesday to North Africa, 
Corsica and Italy because of a strike. (Rouen) 

The Galata bridge m Istanbul has been restored at a cost of more than 
54.6 million after being destroyed by fire in 1 992. The original two-sUtv 
bridge over the Golden Horn, an inlet of tbe Bosporus Strait dated Iron 
1912. (AFP) 


“This behavior is completely un- 
acceptable and must desist imme- 
diately." 

Mr. Akashi added that such 
comments “undermine our ability 
to achieve the goals of the mis- 
sion,” although be did not elabo- 
rate on what those goals were. The 
UN operation in Bosnia “has to 
speak with one voice if it is to cany 
the authority that it should within 
and without the mission area," he 
said. 


Jlster Peace Proposal 
^altering, Officials Fear 


France Has Its Own Authorized Version of the Liberation 


By James F. Clarity 

■VtTT York Times Sen-icc 

BELFAST — British and Irish 
Trials say they fear (hat the peace 
posal put forward by their gov- 
iments in December is losina’im- 
tus. 

Ibis loss of impetus dims wide- 
pad hopes that the proposal had 
sed for an end to the 25-vear 
nrrilla war that has killed more 
m 3.100 people in this British 
jvince. 

Mter a relative lull in killing that 
ted more than four months, the 
k of political progress between 
■governments, the Irish RepuhJi- 
l .Army and the IRA's political 
tg. Sinn Fein, has led u> a new 
■ge in violence. 

fhe killing involves the IRA. 
ich wants Northern Ireland to 
»me pan of a united Ireland. 
J Protestant paramilitary groups 
it want the province id remain 
tish. 


expressing an attitude now pervad- 
ing the Irish Foreign Ministry and 
the offices of Prime Minister Albert 
Reynolds. 

British officials in Belfast shake 
their heads and say they hope that 
the peace plan, offered Dee. 15 in 
London by Mr. Reynolds and 
Prime Minister John Major, is still 
alive. 


since a three-day 1R.A cease-fire 
led a month ago without pra- 
ting political progress. 14 people 
•e been killed. S b> republican 
: 'Ups, 6 by Protestants. 

Tt seems to be spinning jivav 
1 tior Irish official in Dublin said. 


But the only positive recent re- 
mark by a British official in Belfast 
was made bv Sir Hugh Annesley. 
head of the Royal Ulster Constabu- 
lary. yvho said. “I believe we are 
entering the final stages and all 
terrorist violence will have ended in 
three years. " 

But neither Sir Patrick Mavhew, 
the British secretary for Northern 
Ireland, nor Gerry Adams, the 
head of S/nn Fein, have been 
sounding positive in recent day*. 
Mr. Adams left Belfast on Monday 
for the Basque region of Spain, 
where he is to meet with political 
officials of ETA. 

The Reynolds-Major proposal, 
called the Downing Street Declara- 
tion. offered Sinn Fein a place at a 
negotiating table in return for its 
renunciation of IRA violence and 
an IRA cease-fire. 


By Barry James 

Inlematutmil Herald Tribune 

PARIS — For the last half-cen- 
tuiy. Ihe French and the Anglo- 
Saxons have agreed to differ about 
who did what at the Battle of Nor- 
mandy in 1944. 

“The French are persuaded, in 
pan thanks to the rhetoric of Gen- 
eral de Gaulle, that they won the 
war by their own means ‘with the 
help or the .Allies.” Le Monde 
commented in a recent editorial. 

This is not the way that the battle 
is viewed by most historians in 
North America or Britain, and the 
truth so far as France is concerned 
is less heroic than it is often paint- 
ed. Le Monde said. 

Despite such a dash of memo- 
ries. however, there is no doubting 
the sincerity of the welcome for the 
thousands of veterans who will be 
coming to commemorate the Nor- 
mandy landings next month. 

Setting the lone for the com- 
memoration. President Frantjois 
Mitterrand went out of his way 
during the inauguration of the 
Channel Tunnel last week to thank 
Queen Elizabeth in the name of 
France Tor Britain's commitment 
to the nation's liberation. 

Posters throughout the region 
contrast a picture of troops wading 
ashore with the happy face of a 


child holding the flags of the Allies. 
“In June 1944, we said thank you.” 
the posters say. “In June 1994. we 
bid them welcome." 

Some 6 million to 7 million visi- 
tors. including 50.000 veterans, are 
expected for the commemoration. 
The main event in Caen on the 
evening of June o is a 30 million 
franc IS5.26 million) extravaganza 
involving a cast of thousands to 
evoke the battle before an audience 
of 60.000. 

AlmoM every town and village in 
the region will be commemorating 
the landings, even if for mart;. ,.f 
them liberation brought traced;, 
along with freedom. 

Historic Norman towns, includ- 
ing Caen. Cherbourg. St. Lo. Le 
Havre: Lisieux. Pom L'Evcqueand 
Coulances, were flattened h;. Al- 
lied bombers during the course of 
the battle. 

The martyrdom of Norm and - . . in 
which about 15.000 civilian.- were 
killed, has always been a somewhat 
hidden aspect of the war. 

Historians say the bombing, 
some of which occurred after the 
Germans had pulled out. created a 
postwar legacy of nationjli-uc 
Gaullism and resentment in the 
badly affected Calvados and La 
Manche regions. 

Aunay-sur-Odon. for example. 


Veterans Win 2d Batde of Normandy 


LONDON — The British government has sur- 
rendered to World War II veterans by scrapping 
plans for a jamboree in London to mark the 50th 
anniversary of the D-Day invasion of Nazi-occu- 
pied France. 

Veterans' leaders said Wednesday after talks 
with the government that a new event had been 
scheduled whose lone was commemorative instead 
of celebratory. It will be held on Aug. 14 to mark 
the end of the Normandy campaign. 

“The family day in Hyde Park will he a fitting 
and memorable tribute to the servicemen whose 
courage made D-Day and the Normandv cam- 


paign such a success,'* National Heritage Secretary 
Peter Brooke said. 


Prime Minister John Major’s program of events 
for the Allied invasion of France on June 6. 1944, 
was unveiled last month and included fireworks, 
street parties and cooking contests, plus a family 
day in Hyde Park. Officials promised “dazzling 
family entertain men L" 


But enraged old soldiers said such a party would 
be frivolous and trivialize the sacrifice of the dead. 
Veterans’ associations were called in for talks with 
an embarrassed government after calls for the 
party to be dropped completely. 


has always refused to call its main 
street the Rue 6 Juin. There, il is the 
Rue 1 2 Juin to mark the night when 
the village was destroyed by u Brit- 
ish raid. Villagers still mark the 
event with a Mass and a visit to the 
cemetery where 1 60 victims of the 
attack arc buried. 


Remembering the bitterness over 
the destruction of Caen, he was 
instrumental in building a memori- 
al museum that more than any oth- 
er captures the ambiguities as well 
as the heroism of war. 


al Charles de Gaulle, the Free 
French leader. He determined that 
France should be independent as 
well as free. 


Jean-Marie Girault. the mayor 
of Caen, who will welcome Queen 
Elizabeth II. President Bill Clinton 
and other leaders in his city on the 
evening of June 6. was an IS-year- 
old Red Cro» volunteer in 1944. 


Although the Normandy land- 
ings ore now described as the lib- 
eration, the intention of the .Allies 
in 1944 was simply to defeat Nazi 
Germany and if necessary set up a 
tutelary administration in occupied 
France. 


This was not the vision of Getter- 


Consequently, the Gaullists al- 
ways made much of France’s action 
in its own behair, including Lhe par- 
ticipation of French forces in the 
Normandy landings and the be- 
hind-the-scenes role of the Resis- 
tance, The underground struggle 
was immortalized in Joseph Kes- 
sel s book “L’Armee des ombres" 
t The Army of the Shadows”). 


written at De Gaulle’s behest 

The Battle of Normandy, hub) 
historians argue, marked the emer- 
gence of tbe United Slates as a 
major power in Western Europe 
and with it an American cultural 
penetration of Europe. 

America was “the country wfe* 
had sent our deliverance" said S- 
raone de Beauvoir, who addedtbal 
it had “nourished our youth.” 

Yet, American influence was 
more deeply rooted and peryastye 
in Italy, a defeated country, than m 
France, which tenaciously stood bf 
the view that it had laigtiy liberat- 
ed itself. 

That view still holds overwhelm- 
ingly today. According to 
poll for Le Figaro magazine in Par- 
is, 9 out of 10 French people (a™ 
93 percent of the war generation) 
believe that the Free French f«c« 
led by De Gaulle played a deos* 
role in the liberation of the counuy- 

That the French vaunt their own 
efforts, while recognizing ihaUK)' 
were rescued by their Allies, are 
two sides of an argument fM , B 
viewed differently here lhanj® 
Washington or London. ' Fra®* 
may interpret history differ*®^* 
but" it is nonetheless gralcfukocuj 
on the individual and at an oflfaa 
level, to those who fought and otw 
for its deliverance. 


g'-jj? ; fj 


Cl 

rxi 





mmm 


To call from country to country, or back to the U.S., dial the WorldPhone number of the country you're calling from. 


iitli 


io a.# 
v. 


‘.Pb 

M ■ *■-. Pi. 


h: 

Ti.HJi'. 

« ■ b'.. C,p 

It i. •.rif 

.a i i : ■•Fti- 
ft :/■ . cij. 

.'J*i ):■ ! fi2 

fcfrtSI 



AiuijJIU 
. : 

A r^i nlifu » 
Austria • 

Uahjnijsi- 
H.ihrjin 
(klinum- « 
hrmiKdj-i- 
DillllM* 

Uracil 

LjiuiLi 

r.Jtmjn 1 -ljnds 

<‘hilt-' . 
Cnliimhu •• • 
i.«»tj Rita- 


.-I'i--! .-I ! ! 


I 


Cyprus# 

‘iKth K«puhtn- 
Drnnurlr - * 
Ditmiiiii.in Rvpubiii. 

Pinjd.T-1- 

t-lOTl • ♦ 

■•‘■-lr- -i- i "_i.r. . >' 

FI Salt .nli ir- 
ruiljnJ 1 • 

Fr.inn-i 4 

ft.imtii.i* 

l.i'rinim • • 

I.JMIl-.l . 1 . -M' - ... 

Crmi ' • * 
UiuuiIj^ 


Siii'tJS'JJ 
'it •” > | -nr. 2 -i 
I".' 


•M-H-Iip-KT 
t'lT.if - |U 
lU’-IV' 

H] ‘.il i in; „• 


i nji *ir. ' 

»V-!AV-i:il 


Ollall'IIMljt 

H-ilii" • 1+ It) 

llundiiras-i- Hi 

1 tiinjan ’ 1 « '* 

Ici-fond* 
tri-Lind", i 
Israel- o • 

July >. 

Jamaica 

kt-ntj 

•'.'•Mil ll >li (.Mill ni.i>! m.ijnr ■ ill-' 1 
Lirchti-usicln 11 «"* 
I.UM-mlxmrg 

Mcxn.uA V 

Mhikicih 


I S*i 

|1|1 1 -Ml Y!.ft74. 7,1)10 
illlT.KtKi.il l-tl I 

■juu.mtj 

177-1 'it J72 7 
ITMiVM 
St11-n74-JntKl 


■ in'll 1 1 

ir-*U22 

I'.Sihi.nj l’ 

■J' - . !W-n7t.7iVX» 
l u * 


Nl-i iK-rlandw Ci •• Otvy^.-a | 1 

Nclbi-rfonds Amitlrsn • -> 

Niiaragua^.- 

iOuimiJc ..I M.injgu.1. .till 1C fir -it J Inrt 

Nnrwjyi «->;.* !t,i,i.|. lu| i 

Panama 

MiIii.iiy Rim-s JtilO-liirf 

Paraguay + iniH- 1 1 .sp,y 

Pcruy luibUi- .4 Uuw. Jill 14! lust i t Ni| . im, ■ 

Piiland'-va. ■ ow-iMi'-t-ni ’ 

PdnuRil'< i'- A-.hMM 2 M 

Pucrtu RicuJLt: ’ 

SanManmni'!* 1 7 ■ . i n> *• 

Slovak Rcpiihiii-.<.i • 

Stiuih African nsiHi.mMvn 


Spain r< • 

Si. Lucia 
S»cdcn a CC* 

Swiiecrtind Ci. h 
Trinidad & Totiafjo 

-'I'ECULPHOrtcS ONLY) 
United Kingdom' c‘C < 

Tn call ilk- L- S using BT 
T- tall ilk- 1.) S living MCRCURY 
Ui call .uiy^kk iHh«r llfln the 
Unipuy 

UJS. Virgin IslandjuCC 1 
Vatican City 'CO 
Venezuelan* 


atv-ga^XiH 

t91-W7AXX'l 

020-PJS^22 

tS54.’Z27 


0800^9-0222 

UStiWOiMWMfiF 
OCOArt 
1 ^k.VS.W-AXV 
177-1022 


t m: »«n«r Ml I Card. Iival ick-phiinr t ard nr call nitli-n alt at ihe vinu- tins rates 


iJ3 *i* TBSp ■:« 


-f. il'.Fru 

jj. jI’lclC ' 
ij-r ;--:y 


)• '. rl. <]:. m. .ill a.|. ■ ii.tr, • > j I • H a* <,r.uti 

r • • .! • 'iMi! . >.•: . : -1 yj i,.-., A „i iil.W, ■>.«■ I.tl ■„ i |-| 

C.I.- _ |,1, 1 1 . , . *T. ♦ ‘i ,rpw ,...fc.| . ,•!),. Il.ll Jlp „ 

T‘ h •- ,r» f * J--.CC. .. . ^ir« t VII It,* dul I 




'ONE 


Let it Take You Around the World. 

Frc*n M Cl 


PriKifJ h\ un \/u\ Intcriarii »:sl Luiuiitn Rix’Oi r%J a.\ ,i ijcu spu/vr ui tlw poo olliiv. 


r 




Halit Swears In Provisional President 

PORT-AU-PRINCE Haiti (AP) -Defying tbe iDiernatK^afco^^ 




fact* 




as* 








■'i 






vs. 


1 itd«i 

■Jim 



if, • - • 

■Fp "" 

/ . ■ J - 



mm-. , 


- dafe. 









pher Satellite 




■'-i _ . 


* • T 


^=7v: : 


■**Xk3r\ 








’■■Sc ' 












vs** 


v 

\ >6 Vr 

hr,. 







3TS 


a* President 

CJUMemalionai - rn , 
«in ? S L ™, cmL . c '^ 

stHfcreste-o L “ r 

aftblraa! and snX^r 7 
ported the aps*,,..;!* ' 
reside, -A 
ifenwassttc^r.,-;:’^ 

Qtoerai Ryu-:: c"./ 8 
■-. : - " * ~ 1 *■:■ 

Confidence 

enzate „... 

30a a£ ferine* .^i,,'/' 
8 a «Me *: corfij^£ 

aQr.ift power . 
tiQCC&QiC he c. .-._ 
>i»5tos par'ijyl-, . 

* under attack --M *■ 

ff'Gturc. Lu;> ?'.' r; : 
iofitare Mir..-t c: \ u '. 
9*1 of feraar y h ; .• "f; 
mbcs rtir'g p_M-.’ -... . s 

x.J* 1 

caust Denial 

J*s governs-; 7 ^ , 

itociast niur J«r.‘ ~ii' 

rfta>. 

dtafoal 3 i3- _J_ . .. 

erto q^Kior ;' ■ ;.V 
dtlof Justice. 

■- 

sittecni rf 
•dU>pran\'u: : ;•- 
aCkocit Ji -.> 7-,r "'■ 
ieoas'f the H.-. ^ ‘: 
npr jl 1 ii«cii'. 

fork Is Held 

fadnessLr- _•--. ’.. 
t®. fees, ihr r- . - ‘J- 

fiToc':-.-,/. 

e*k w hw ^ ... 

t*r$Ct£- OE. :r :. . , 

-. . -■ 

!: Yr*V-» i . .. 
tech'*-:. v 
hhuhsn^'. <• . . 


trfe: •*?■• 


lATE 

tm DL-play 

fVVX~\'-r V" ■ 
-apatf. *-r. -• .- 

car ••••' • 

| «9H% N!!p.-. •- 


fe *■/*••■ - 

9*&* ■ < ' 

w*»r- T ~ ' 
•>«-- 

teate : - 

■ - 

wfTv: ' 


on 


■*» »■■ 

SWJtfS* 1 • 
* <W '- 


jsaift •-% - 

V*»<- 
:*•*< • 

;AMr-k-v: 
t*r*> ~ ■ 
#«***"’ 


IRS* '■ " 
dk» ••- 

U : -r 
? «* 

i*« •■*■* 
St'^' 
te^-- 


»h*' r 

wxfipsK i 

m*--- 


#1 


mEAMERICAS/ 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, MAY 12, 1994 


» t 0 

\y> U 



zZrSS .7&C-. ,f -;cz_ ft-, r-' ,*r. **2^ p 

g S--- is^V: 43- >44-- K 

sa ~-s£- v v.;S' *.i33? L V. I te-Sa: t!': ii£ E: 




Clint 


on Faces Prospect of Protracted, Embarrassing Lawsuit 

id G. Savaav 


B L^ 8v ! d G - Savage 

Washington 

sodc occurred three [ ep, ‘ 

were no dinv, _ years »go and there 


Mr C,inlon whcn he law P rof “ soral University or Southern a “he said, she said" dispuie, Mrs. Jones's 
Even Ewi Cn1 ^'- . California and a specialist in constitutional complaint names several people who could 

Hi i Mr ' . mton ? lawyer bus damage suits. “And given the nature of the corroborate pari of her story. 

““tnissed the lawsuit as “tabloid trash." altoaiiort* ii will Pf*l Pnnmtrtiii nnfirtml . • 


j- ■ -—-o’- '-•■■iwiia iuwvcf oas uamage suits, ,-ino given tne nature 01 tne 

were no direct a p and Aae Jr rt 6 , ,awsuil as atabloid trash ‘" allegations, it will get enormous national 

teveexami Sthe^, ? Je * pens who “Jf “"l^iopose some very unpfeas- attention." 

Plaint filed against Pr^J lara ^K conj ' ■n^ nan ^ f ° r - lh 5 House - Th« lawsuit focuses on one brief, alleged 

say it is likdvto n^T? 11 . aullOT - rvili?! pr f siden i s *f«w team can seek encounter on Ma v 8. 1991, at the Excelsior 
struggle and possih?!^! a . ,on S legal °i er ^ C M S*' Jona ' s "edibilitv Hotel in Little Rock. Arkansas. Paula Cor- 

test * ,no nv about oilwra^ 615 ^ door 10 n n t n ^T do . ubls “h 0111 ^ political or bin, then 24, was a state employee assigned 
■ al miacoDdutt ^ accu5a ^ of sexu- motives But they will face very to work at a conference site 

' In the nm .. «»»l>hiW. a UK 


a “he said, she said” dispuie, Mrs. Jones's In addition. Mrs. Jones's atioraevs will 
complaint names several people who could almost surely be empowered io take’ depo- 


Pamela Blackard. a state employee, was 


siiions from other troopers or other women 
who have been seen wjih Mr. Clinton. 
“Under the federal rules of civil proce- 


to h^™HoT nP ' “wsui. focu^ „ « bnrf lllemi «IUtal SitoSi W. f 5 K ^ nta of M prooo- 

pawl's ^sszsststrsMS^ K^^ kcd “■&*?«»«« z 


shaken, a few minutes later, according to 

the suit. 

ton,^ rSc^'s S2 tS - Mr - CK ”'0”‘s a - 10 " wUl i b ' s ' n Mr. FwjiiMn looms as , KnlraHigMre. SaSnnm 

?i' ,= ¥^&’£SS£ Eptf JStElSiM! SjyS.SSt2SL^5 S£ he ” d ' 3rfabfe ^ n d «“- 

it* «SE?S&' wm ,am ^ u£Z£ <!<»» M uA'.i . “ 1 S* !SS 10 rKpond 10 ^ .**• *“ * 


Legal Defense Fund in New York. 

Usually, these potential witnesses are 
compelled to answer under oath. Barring 
an order to itae cpntrarv. the statements 


attorn ev »5^ c Mr - '-»nton s arai«.rin. .. A ‘ ^ ‘ irooper. Lranny rerguson, esconeo net up- -«■ « as a cenirai ngure ^ order to ihe comrarv, the sUtemcntS 

have tS'iI-*? 3 Beanei1 * will move to 8 -J? cour ! d^'^ons. and that stairs to meet Governor Clinton. After The lawsuit seeks damages from him. as wou [,j be made available as court docu 

'^?t^n ^ ,d J SI ? lissedonlhc grounds “*«wDilWd» into 1996 and the re- some smaU talk, it said, the governor tried weh as from Mr. Clinton The uooper will ^ ^ a^ame as court docu- 


th»> «**uusseo on the grounds 1." WUJ au . cu - 

StEESS i 1 — ft-!-* d SS 


predict it will — attorneys forthe ^SEi J?* 0 * 1 ^ rdal " d y ^ room u> negot 
dent s accuser Paula Cnrhin r™lL pre ^M ale a , settJen>ent - For the president to do j 
very likely suLS» l ones ' W,N suggest he was guilty, 

mand “If Clinton can't J? a motion to di: 


• i_,;. r— o— iu mm uci oiiu uiuiiicnis later towereq rus 

u miie a pnvate defendant faced with a pants, she says, and asked her to perform a bons. 
sexual harassment complaint, a high public sex act. She refused and left, according to A > 

OUlCiai has relntiv^tv liitU rn nm 0 


* POLITICAL NOTES * 


White House Trims Coveted ‘Access* List 

WASHINGTON — A year ago. the White House chief of staff, 
Thomas F. (Mack) McLany, promised that the administration 
would clean up its act on unrestricted White House access by 
presidential pals — a practice the General Accounting Office says 
creates “the appearance of inappropriate influence.” 

Some friends of President Bui Clinton, such as the Hollywood 
producer Harry Thomason, received White House “hard" passes at 
the outset of the administration. 11k passes allowed Lhem to roam 

freely through (he White House without appointments or a record of 

their activity. Regular people have to call the White House for an 
appointment and are not afforded roaming rights. 

But what the White House did not disclose when it announced it 


If that tactic fails — and most ^^ tarassment complaint, a high public sex acL She re 

edict it will - attorneys fflTEE ro P!" 


miuuujiwiv iu wm h mi. cuuiilj" 

A Washington attorney who has repre- insky said. “It is to get evidence lhal might 
sen led management in sexual harassment be relevant, something that would lend 


what is admitohle in wwrL" m fC Z r w «"«“*« ^ W b ^d passes was a less-weU-known way to 

iS'SS? £" wander the White House at wUhan “access list” kepi bv White 


ers and other women ■ U «“T win a motion to dis- and that 

about their knowledge "“S ^ ,a * su,t . “^ d y 10 be around for incident 

■cage ot similar sexual a long tune." said Erwin Chetnerinsky, a While 

Charges 

Revived on 
Kevorkian 

New York Times Service 

SOUTHFIELD, Michigan — 

Michigan's law against assisting in 
a suicide has beat invalidated on 
narrow technical grounds by a 
three-judge panel of the state court 
of appeals. 

But the court also reinstated two 
murder charges against Dr. Jack 
Kevorkian that resulted from sui- 
cides in 1991, before the law aimed 
at blocking him from helping oth- 
ers die was passed 

Ruling by 2 to 1 on Tuesday in 
Lansing, the state capital, tire court 
cited a 1920 Michigan case in 
which a husband was successfully 
prosecuted for murder for placing 
poison within reach of his terminal- 
ly 01 wife, who drank iL 

Earlier this month, a Detroit jury 
found Dr. Kevorkian not guilty of 
aiding the suickle of a 30-year-old 
man last August, even though he 
admitted having done so. 

The retired pathologist has 
helped 20 people take their own 
lives since 1990, though he stopped 
doing so needy six months ago. 
saying he would await “some defin- 
itive decision from the courts.” 

Oakland County Prosecutor 
Richard Thompson, a longtime 
Kevorkian . opponent, applauded 
the decision to reinstate the murder 

charges. 

“I feel somewhat vindicated to- 
day,** be said. But he said he would 
prefer to wait to begin any murder tscAv-xoiki^ 

trial until after the appeals process. Dr. Jack Kevorkian after the latest Michigan state court ruling. 


. , - y — — ' — "i swiiwu ■uajiagcinbui m sexual norassmeni oe icicvam, somcmmE urn would lend 

csident to do so Mr. Bennett said lhal Mr. Clinton had cases, Zachary Fasman. said Mr. Ferguson support to her explanation.” 

n 5 ^^ection of meeting the woman “could be the linchpin” because his testi- Published reports have quoted several 
motion to dis- and that the president has denied that the raooy could confirm or rebut the allegation Arkansas state troopers alleging that they 

JOC around for incident occurred. that Mr. Clinton invited the woman to his routinely arranged sexual encounters be- 

-nemennskv. a White the sun has been characterized as hotel room. *■ — — w - -* — 



Weather Satellite Systems to Merge 


New York Times Service 

WASHINGTON — The U.S. 
government will combine the oper- 
ations of civilian and military- 
weather satellite systems into a sin- 
gle unit that should operate more 
effici ently and save hundreds of 
minions of dollars, officials an- 
nounced Tuesday. 

The merger wiD {dace under ci- 
vflian control four weather satel- 
lites, two operated by the Defense 
Department and two by the Na- 


tional Oceanic and Atmospheric 
Adxmnistzation. In about a decade, 
the operation will be reduced to 
three more advanced satellites to 
avoid duplication. 

Eachcf the satellites, which orbit 
the world from pole to pole at an 
altitude of 490 utiles (TOO kilome- 
ters), lodes atthe planet twice daily 
to provide weather pictures, as well 
as data on moisture, temperature, 
solar radiation and other condi- 
tions. 

Officiate that combining the 


systems, pan of a Clinton adminis- 
tration program to streamline gov- 
ernment, should save as much as 
S300 millio n by the end of the de- 
cade. 

Under an interagency agree- 
ment. the Defense Department is 
to procure future weather satellites, 
the Commerce Department’s atmo- 
spheric agency is to operate the 
system, and NASA is to conduct 
research on advanced technology 
to be incorporated into new space- 
craft 


Away 

From Politics 

• Several prominent histori- 
ans, including C. Vann Wood- 
ward. Shelby Foote, James M. 
McPherson and David 
McCullough, are fighting an 
American history theme park 

I that Wall Disney Co. intends 
to build near CtvU War battle- 
fields in Virginia. Mr. Wood- 
ward said, “If we permit the 
Wall Disney Co. to commer- 
cialize the area of 16 Civil War 
battlefields in northern Vir- 
ginia for tourist trade profits, 
we will forfeit our respect for 
our past and much of our self- 
respect as well.” 

• A former boys* choir director 
and priest at a Franciscan 
seminary pleaded guilty in 
Santa Barbara, California, to a 
charge of molesting a boy un- 
der the age of 14. “I'd like to 
admit that I did abuse this 
child,*' the Reverend Robert 
Van Handel said in court. He 
faces a maximum eight years 
in prison. 

• Adolescents who are good 
pupils and go to church are just 
as likely to have sex as those 
who have divorced parents 
and low self-esteem, research- 
ers at Northwestern Universi- 
ty Medical School reported af- 
ter surveying 1,000 Chicago- 
area elementary and junior 
high school pupils. 

• Joseph Hazelwood, who was 
skipper of the tanker Exxon 
Valdez when it spilled nearly 
1 1 million gallons of oil into 
Alaska fishing grounds in 
1989. testified that Exxon 
Carp, knew he was drinking 
while assigned to work on 
tankers but did nothing to 
stop him. Mr. Hazelwood took 
the stand in a civil lawsuit 
against himself and Exxon 
lhai was brought by 10.000 
fishermen, property owners 
and Alaska natives seeking 
S1J billion in compensatory 
damages and as much as 10 
times that amount in punitive 
damages. 

• A private heficopter plum- 

meted onto & California state 
highway about 20 miles east of 
downtown Los Angeles and 
burst into flames, hitting at 
least two vehicles and tailing 
at least two people, authorities 
said. a?, lat 


tween Mr. Clinton and various women. 


PC; To Many Scholars, the Stringent Codes Have Orwellian Consequences 


Cootbned bran Ptige 1 

of the most liberal denominations in the coun- 
try It has a Sexual Harassment Task Force, 
comprising students and faculty members, to 
investigate and judge such . 

Richard Lewis, a professor who is a member 
of the panel, said he could not talk about the 
cnedficsof the case against Mr. Snyder but 
SSd that thecharges involved “more than just 
this one case.” ... * 

Mr Snyder said the panel had informed him 

of the otter complaints, which were never for- 

1SSES assa 

SjBfi - to 

acadejmc&^om^ barassment became part 

nf ^^ Srs were getting into 


ble for frank discussions in the classroom. In 
the 1940s, Bertrand Russell, the British philoso- 
pher and social reformer, was denied appoint- 
ment to the Gty University of New Yorkbe- 
cause of his discussion of “trial marriages.” 
Experts on sexual harassment say die over- 

The dividing line 
between what is sexual 
harassment and 
legitimate academic 
discourse is not well 
established right now. 9 

whelming number of cases involve - serious 

phiigf ( 

“Men have this perception today that almost 

anything at all can be considered sexual harass- 
ment, and that's just not accurate,” said Eric 

Satre, a lawyer in Minneapolis who represents 
people filing claims for harassment. “Sexual 
harassment is not just some 'mistake.’ It's when 
you're out to demean and degrade.” 


European Union: 

■“ where Ifs Wofking 

,SwSS e * eO0 ”' l " i !2 M “ w ' 

serfton ’ ( 33 - 1 ) 46 37 93 81 


PA R I S 

; 1994 

iiie 10 • June 13 - July 22 
.. ' O i jnly 25-Angust 12 

More t&na^coixcsef from the UnivecsityV comcuJum, 
ofltredlitt «^St<tf tiOfr<xcdi L French language immer- 


Scajferoyr j99j$HgWf Programs brochure; 

l£®remty of Paris - Summer Programs 
.■ - r 34^*used^?tewYork - 75 U6 Paris 
. T4«:(ty 47 31^.99 / Paaa (U 47 20 45 64 


THE 


Singapore Relieved 
Kantor Isn 9 t Backed 


Reiners 

SINGAPORE — Singapore ex- 
pressed relief on Wednesday at the 
State Department’s disavowal of 
Ihe U.S. trade representative. 
Mickey Kantor, for his opposition 
to holding a major trade meeting in 
Singapore. 

“We welcome the State Depart- 
ment clarification that the U.S. has 
not yet taken a position on our 
proposal to host the first WTO 
ministerial conference," a Foreign 
Ministry spokesman said, referring 
to the World Trade Organization. 

“We reiterate our position that 
our bid to host the conference still 
stands, and it is up to the WTO 
members to decide.” he added. 

Mr. Kantor repeated Tuesday 
that he would oppose Singapore's 
bid to be host for the meeting. 

The U.S. Slate Department 
spokesman. Michael McCurry. 
suggested that Mr. Kantor was ex- 
pressing his own view rather than 
speaking for the United States. 

“I don't believe that we have 
taken a position on who should 
host that.” Mr. McCurry said. “1 
think the ambassador certainly re- 
flected his view on that question. 1 
think he was expressing his view.” 

Mr. Kantor'** statements were 
seen as retribution for Singapore's 
caning last week of an American 
teenager, Michae' Fay. though Mr. 
Kantor did not link his opposition 
with the caning dispute. 


“The United States believes that 
the trade ministerial ought to be 
held somewhere else,” Mr. Kantor 
said on Monday. Next year, the 
WTO will supplant GATT in mon- 
itoring world trade. ■ 

.Asked if his decision was ex- 
pressly related to the Fay caning, 
Mr. Kantor said only, “I have mack 
myself quite clear.” 

Last Thursday. Mr. Fay received 
four strokes of a rattan cane as part 
of a sentence for spray-painting 
cars and other offenses. He also has 
been fined $2,000 and is serving a 
four-month jail term. 

President Bill Clinton appealed 
to Singapore three times for clem- 
ency before Mr. Fay was punished. 

Although Singapore said (he re- 
duction from six strokes to four 
was a gesture to Mr. Clinton, the 
president criticized the caning 
again after it took place, and the 
Singaporean ambassador to the 
United States was summoned to 
the State Department to bear U.S. 
protests. 

Mr. Kantor stood firm on Tues- 
day. but he did note that the Unit- 
ed States alone would not decide 
who will hold ihe WTO meeting. 

“We believe that the first minis- 
terial meeting, which of course has 
□ot been discussed officially in ihe 
preparatory committee (of the 
GATT), should be held somewhere 
else than Singapore." Mr. Kantor 
said. 


House guards. People on that list simply give their names at'the gate 
and enter at will, just as if they had the coveted hard passes. 

A senior official said that a review of the pass situation, which was ■ 
begun when it was disclosed that hundreds of White House officials l 
had delayed getting their permanent passes, also turned up the. I 
access list, which then was purged of the Clintons’ lobbyist fnends. J 
Henceforth, the insider lobbyists of the world will have to make an ct 

appointment 

Administration officials, first contacted by The Washington Post 
more than three weeks ago about the access list, said the names were * 
removed about two weeks ago. They added that press inquiries were s 
not responsible for the tightening -up. (H'P) ? 

s 

Health Firms Douse Congress With Ca»h * 

WASHINGTON — Members of Congress considering proposals ^ 
for reforming the health care system are reaping a windfall in 2 
election-year contributions from industry groups most affected by ” 
the legislation, campaign records show. 

Health care and insurance lobbies have contributed $579,352 to 
members of the House Ways and Means health subcommittee during 
the 1994 election cycle, according to a review by The Associated 
Press of campaign reports on file with the Federal Election Commis- 
sion through March 31. c 

Thai represents nearly a threefold increase over the like period in - 
the last election cycle, when the same 11 lawmakers got just $206. 135 l 
from health and insurance political action committees. (API a 

5 

M ew Y ork Mayor Gambles on Crime Fear a - 

1 — ■ 1 1 1 . i ■ 0 

NEW YORK — In proposing his budget for the next fiscal year, f ? 
Mayor Rudolph Giuliani made a calculated political judgment:' that v ~ 
the voters and their representatives are worried more about safe a 
streets than dean streets and more about fighting fires than main- c 
tabling parks, and that ultimately, the Gty Council will not have the 7 
nerve to battle him on public safety issues. <k 

In the $31 .6 billion spending plan, two agencies — the police and ' _ 
fire departments — were the only city agencies protected Trom a 7 r *< 
percent cut in the municipal work force that he imposed to reduce es - 
the $23 billion deficit. ‘i — 

Lawmakers quickly indicated they would fight- “We believe there i 1)6 
is administrative bloat and excess that can easily be knocked out x ^ 
without affecting the number of cops,” said Peter F. Vallone. the il m. 
City Council speaker. ** 

Mr. Giuliani, a former prosecutor, vehemently maintains that Li 
police strength was crucial to the city's serial fabric and quality of 5 m 
life. (S’YTt i 3 

Quote/ Unquote * £ 

■■ . - 3ft i 

Senator Edward M. Kennedy, speaking in favor of legislation to fj 
improve national health care: “I have fdi for years that every _ 
American should have the opportunity to have the same health* a 
coverage on the same terms as members of Congress and the . ” 
president.” (W’Plt «« 





"■‘■1 " J ' * I'* -• I rX' : ' '.-r . ‘ 1 ^ ; f'; ; 

/ i 


Teachers typically say they have no objection 
to strict enforcement of direct, or quid pro quo. 
sexual harassment: making sexual Favors a con- 
dition of employment or a good grade. But they 
are uncomfortable with the issue of “hostile 
environment,” as staled in the Equal Employ- 
ment Opportunity Commission’s guidelines. 

“The dividing line between whal is sexual 
harassment and legitimate academic discourse 
is not well established right now,” Ms. Franke 
said. “And the concern is that a kind of self- 
censorship lakes place and gets in the way of 
legitimate subjects of academic inquiry-" 

In 1940, the American Association of Uni- 
versity Professors drafted a statement that is 
still its guiding principle on the issue: 

“Teachers are entitled 10 freedom in the 
classroom in discussing their subject, but they 
should be careful not to introduce into their 
teaching controversial matter which has no re- 
lation to the subject." 

While discussion of sex has no place in a 
mathematics class, Ms. Franke said, any serious 
study of the humanities would be inadequate 
without it It would be nearly impossible to 
study “Madame Bov ary," for example, or. for 
that matter, the Bible, without talking about 
sex. 


I ' ' " ■ ^ ■- 3 -,s 


! 






U.K. FROM 


GERMANY FROM 


FRANCE FROM 


FER DAY' 


227 


DEM 


PER DAY* 


795 


FRF 


PER DAY* 


-•» ii*. ' V’.' • ' 


The new standard in car rental for Europe. 

Now. new Mercedes Drive from Europcar Inrerrent 
offers you the full Mercedes range at standard 
affordable prices right across Europe. 

In over -jlJ major European cities in II countries, 
this exceptional price includes unlimited mileage, 
insurance and tax. 

Whv just rent a ^ar when you can rent a star? 


Trite li»r 1 hr rrmal i*l j ■ " cIj« Mcrccdrs for 7 days or similar price 
in other currcnurv Pruc is siihicci to change without prior notice. 


MERCEDES 


' ' . — ' Or. t o 


'■M® 


I nn 

sin 


i 






Pi 


Vail*' -1 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, MAY 12, 199+ 



Socialists’ Leader 
Appeals for Early 
Elections in Japan 


C*mpded fa Our Stuff Fnvn Disputches 

TOKYO - Thd leader of the 
Socialists, who recently took his 
party into opposition, called 
Wednesday for an early general 
election, saying it was needed to 
produce a stable government. 

Tomiichi Muravama. head of the 
Social Democratic Party, said. 
'"Only an election can bridge the 
gap between the government and 
Parliament.” 

Following the Socialists’ deci- 
sion on April 25 to quit the govern- 
ing coalition. Prime Minister Tsu- 
tomu Hata formed a minority 
government, the first in Japan for 
39 years. 

Mr. Hata said Wednesday that 
he had no intention of calling an 
election now. 

' ‘Now is not the lime for a disso- 
lution." he said. 

Ignoring the prime minister’s 
statement, the other main force in 
the opposition, the Liberal Demo- 
cratic Party, opened a campaign 
headquarters Wednesday in prepa- 
ration for a new general election. 

"We must be ready for any- 
thing.” the Liberal Democrat's 
president. Yohei Kcmo, told party 
officials. “We must win back our 
place in government.” 

The Liberal Democrats, who are 
conservative, governed Japan from 
1955 until its defeat last year. 

Together, the Socialists and Lib- 
eral Democrats command a large 
majority in both houses of Parlia- 
ment. 


Opposition leaders have said 
they would allow Mr. Hala's gov- 
ernment to survive only until pas- 
sage of the long-delayed slate bud- 
get, probably in early July. 
Following that, they may overcome 
their ideological animosity and 
combine to pass a motion of no- 
confidence, leaving Mr. Hata the 
choice of resigning or calling new 
elections. 

The early election option is com- 
plicated by the scheduled introduc- 
tion of single-seat electoral dis- 
tricts. mandated by political 
reform laws enacted in January. A 
government panel is redrawing Ja- 
pan's electoral map. a process that 
its chairman said would take at 
least a few months. The panel's 
deadline is Oct. 10. 

Many members of Parliament 
believe that calling elections under 
the present, discredited system of 
multiple-seat constituencies would 
be tantamount to nullifying the re- 
forms. The multiseal system is seen 
as a root cause of rampant corrup- 
tion because it required candidates 
to spend lavishly. 

The Socialists, who are deeply 
divided and a declining force, 
would benefit from voting under 
the old system, which favors estab- 
lished parties with a nationwide 
structure. 

Mr. Murayama said an agree- 
ment for early elections now could 
include a pledge by party chiefs to 
bold a second general election un- 
der the new system. (AFP. Reuters! 





RITE OF SPRING — Guests greeting Emperor AkSrito on Wednesday at an annual spring garden party in Tokyo. 

Rice Shortages Feared in Asia by 2000 


UN Nuclear Agency Hints 
At Deal With North Korea 


Reuters 

SEOUL — The Uniied Nations 
nuclear agency intends to send in- 
spectors to North Korea soon to 
resume the monitoring of nuclear 
installations, the South Korean 
Foreign Ministry said Wednesday. 

A ministry spokesman said Haas 
Blix. director-general of the Inter- 
national Atomic Energy Agency, 
had proposed the inspection trip in 
a letter to the North Korean for- 
eign minister. Kim Yong Nam. A 
copy of the letter was sent to Seoul. 

The spokesman said the agency- 
had also invited North Korea to 
send a delegation to its Vienna 
headquarters to discuss a timetable 
for inspections. 

There was no immediate indica- 
j lion that North Korea would be 


willing to drop its earlier refusal to 
allow inspectors to sample spent 
fuel rods. The rods will shortly be 
removed from a nuclear reactor at 
Yongbyon, north of Pyongyang, 

The UN agency said last week it 
would not send inspectors to North 
Korea until permission was grant- 
ed to conduct full tests on the spent 
nuclear fueL to see if any had been 
diverted for a covert nuclear weap- 
ons program. 

It appeared Wednesday as if the 
UN agency was seeking a compro- 
mise. 

According to some analysis in 
Seoul, the energy agency might at- 
tend the refueling of the five-mega- 
wau reactor, watch the removal of 
the spent fuel rods and then seal 
them for later sampling. 


Reuters 

LOS BANOS. Philippines — Asia could face 
a shortage of rice, the main staple of the re- 
gion's three billion people, by the turn of the 
century, according to scientists of the Interna- 
tional Rice Research Institute. 

The increasing population, the long develop- 
ment period for new rice varieties and the loss 
of arable land because of rapid urbanization in 
Asia may lead to light supplies and a very- 
volatile rice market, they said. 

"By the turn of the century if we don’t make 
progress, we will have rice shortages in Asia,” 
Gurdev Khush. head of the breeding, genetics 
and biochemistry division in the institute, said 
in an interview. 

Rice production must increase to 770 million 
tons from the current 520 million tons to keep 


up with demand, especially from Asia, whose 
population is growing at more than 2 percent a 
year, Mr. Khush said. 

Mahabub Hossain. an economist who heads 
the institute's social sciences division, said new 
technological breakthroughs in developing rice 
strains would be needed to avoid shortages. 

Mr. Khush said the rice institute, located 
about 65 kilometers (40 miles) south of Manila 
and financed by the Ford Foundation and the 
Rockefeller Foundation, is developing a new 
rice strain that would increase yields from the 
current 10 tons a hectare (2.47* acres) to 12J 
tons a hectare. 

But full development of the new strain will 
take at least eight years because work still has to 
be done to ensure that it is resistant to diseases 


(ike brown plant hopper, tungro virus, blast 
fungus and bacterial blight. - 
Mr. Hossain said scientists were trying to 
develop new plants that could withstand ad- 
verse weather and soil conditions. - 
With only 4 percent of world rice production ' 
traded in the market, prices will remain volatile 
and vulnerable to any fall in production la any 
rice-consuming nation. \ ... 

Mr. Hossain said that when Japan was forced 
to import up to two million tons of rice because 
of a poor harvest, prices in the main rice earn- 
ing nations like tire United Stales andThauaDd 
shot up by nearly 80 percent. 

“The present level of prices is .the highest in 
many years.” he said. “I think rice prices ire 
going to go up. When you have such a lias 
market prices will be volatile. " 


China Urged to Improve Safety at Nuclear Plants 


Compiled by Our Stuff From Dispatcher 

BEIJING — Inspectors from the 
International Atomic Energy 
Agency said Wednesday that Chi- 
na's nuclear power plants met 
world safely standards but that 
safety still needed to be stressed 
more. 

The agency’s headquarters in Vi- 
enna issued the report two days 
after the inspection team complet- 
ed its work. 

The newspaper China Daily said 
it was Lhe first international inspec- 


tion of C hina ’s two nuclear power 
plants, one of which started opera- 
tion in 1 992 and the other this year. . 

“The licensing and review pro- 
cess employed at the Daya Bay and 
Qinshan units conforms with Inter- 
national practice.” Morris Rosen, 
the atomic agency's assistant direc- 
tor-generaL was quoted as saving 

China Daily said the inspectors 
had added that China's National 
Nuclear Safety Administration 
"provides a good model for coun- 
tries developing nuclear pro- 
grams.” 


The Daya Bay facility, in south- 
ern Guangdong Province across the 
border from Hong Kong, has two 
900-megawatt reactors and is Chi- 
na’s largest experiment with nucle- 
ar power so far. Safety fears 
prompted huge protests in Hong 
Kong during the plant’s lengthy 
construction period. 

The Qinshan unit in coastal Zhe- 
jiang Province is a smaller, fully 
Chinese-designed facility that has 
one 300-megawail reactor. 

Both plants are due for expan- 


sion and new plants are planned to 
meet surging demand for power. 

The IAEA inspection, wfak 
lasted two weeks, helped China rec- 
ognize some of the weak points of 
its management, said Huahg'Qiuk). 
director-general of China's nodes 
safety administration. 

"This will help ensure the safe 
operation of nuclear installations 
in China and protect the public and 
the environment.” he told Own 
Daily. 

(Raders. 


usiness school, 

> read the fine print 


K'l 

! * i ' : 

.-3 F 1 
$ 

>i . if 

j;;. :: 

ft': 

!]•: ix 

IB'. 

i; 


E-g®' 


:l [ We're proud of it. IMD’s fine print lists the I 
;j ; institute - our Partners and Business Associates. 

between industry and IMD puts us at the 
r Collaboration vvirh soma of the most successful 
i -. an d research are sciicllv grounded in today's 

\ \ PARTNER COMPANIES 

t •*.!> • ri 'T*! - ;:/' 

£ .- -ivs He : ,r fv 

i l,;'" 
e :* 



16 leading companies who take an active part in the 
The osmosis that results from this unique partnership 
forefront of international executive development, 
companies in the world ensures that IMDs programs 
market while preparing executives for the future. 


- Ir 'c i. 

£ C.^iOD'll.-f inr 
I ■ 1 


BUSINESS ASSOCIATES 

- ■I’-l 

■ V.i'imi'u I.!.; 




. c •_••• »>n. ir 
. > « V .. t . 
1^.1 


■“ "■■'•■.I-' • •'•■•I ■!' 

\ "•■I-, i v tf.iMi I i mi 
' ■- v«-,i i 


.mi 




jy . )•. 

({«; ii ^ 


! -.•I<"|-| -I- il 

' l> I 


I" i‘ 


lj* 


■t : U 
w. ' \\ 

}*: jf 

hi 

1 ' . ?.■ 


?:•- r- 
1" 

M- 

-■? . J " 

s 1 - S’ 


Si# 


. f. ; 3 - 

■■ '•!- .rr-ri. 

'it ‘ 1 .--I- -*.-1 

.=V ’J--, nrp •'fj' r . 

,r, ii-. S- 

jU-ii '.'I'.V ■ 

l:=‘ 

J; 

•p!; ..-ii 

.e-K : , , 

, *1. l.l.jl vf.l\ 

..-if i ^i - >; ■’ • 


BUSINESS ASSOCIATES 

Ci.ive Europe Inc 
Hunrten NV 
Hev.-len-Pairi ar.1 :'A 
Hrl|i A6 

The Hinriup Group of Companies 
Hx'nijvtrr.s Gi'oep BV 
Hufiiamai 1 0v 

n; i pic 

Incan: i ve A9 
Islra-Haldinq D D 

f f ij.-:.if;-. 

jfJr 0.T NV 

SV.nr Ov 

La lame Cappes 

fvlp' iaSTCir CoiporaiMli. 

Mt-;alli-ie5.e'l-.i:l!j!i AQ 

"isT: • Unrdit CoiKiruttM-a Ccmpany AE 

* Ji:! ia cor.'axauon 

:jn.<li.- tompsiencf. Cfirle; 

C'.-i'.e-r Foi.im A.'J 
N'.'-ri Hvdro o.r 
’i jniiumbnan Water G.-jll 

Ucr. -eyian insiitu>e ot 'ni I leads 

0i ; la,v. 

Otfl'.-a FuW-chinq Co L;j 
Parii:- Han:;;;:n CzrwM.jr. 



BUSINESS ASSOCIATES 

Ptnlip Monts 

Price Waterhouse 

Prornbudbant 

Proudfoot Pic 

PuClicitas Holding SA 

Rabobank Nederland 

Rayehem Corpora -jon 

Bieier Holding AG 

Rattimans Int'I Tobacco (UKj Ltd 

Saga Petroleum A/S 

Saurli Basic Industries Corp. tSABlCf 

Scandinavian Airlines System (SA$1 

Shell ImT Petroleum Company Lij 

Singapore Airlines Limited 

Ctandia 

Stendmaviska Emiutds Banten 

AS Sl-’F 

Statoil 

The Cl Paul Companies 
Swedish Tiade Council 
Taiecom Eireann 

TeleverVei - The Nor.vegian Telecom 
Telia AB 

Thames Water Pic 
Total 

Transnet Ltd 
Valmei Corporation 
Vaitenfall 
vtllff.vagen AG 
AE VoI'.tj 

'.Villlsmson Magor S Cc Lid 
Zuricn insurance Compan; 


NEWS EVENTS WHICH COULD AFFECT 
YOUR UFE: 



• • ■ ” . > IT.- w,.iW: Junur 

\ - i 

FOLLOW THE WORLD EVERY DAY IN THE IHT 


Subscribe now fOA\ 
and save up to jc m /” 


off the 
cover price 




CAU US TOLL-FREE 

AUSTRIA: 06608155 UJXEMBOURG: 08002703 
BaGRJM; 0800 I 7538 SWITZER1AN& 1555757 
FRANCE 05437437 THE NEIHR1ANDS; 060225158 
GERMANY- 0 1 30 8485S5 UNTIED KINGDOM: 0800 89 5965 


Or send in the coupon below. 



1 i-i’A \l INST lit il | : f ir \|A\ UiEUENT DEVELOPMENT 
•.iK'iutn Jv Uciitnu- 2.1. !*.«». H..i 'JJ?. CH-luOl LAUSANNE. Switzerland 


SKwenwton Rapt a Saw>Qi c4f IHT cmorPrtctn. 


Ccurt/y.Cumjncv 


Austria 


A Seh 




BFr 


Dwvrarv 


Finland 


FM 


France 


FF 


Germany* 


DM 


Great Britain 


Grwee 


On 


teiy 


Lurflmboum 


LFr. 


Norway 


Ponuoal 


N.Kr 

Esc. 


Spw 


Plas 


- hand deinr. Uadnd 


PUS 


Sweden laamad) 


S.Ki. 


12 months 
r- 2 months 
FREE 


6AOO 


14.000 


3.400 

2.400 


1.950 

700 


210 


75A00 


230 


sooixn 




770 


3^00 


47,000 


40.000 


- hand pglnitwy 


S.KI 


SMzertand 


SFr 


HBsic4Ei^eg>CB 


CEJ. N. Alnca. tamer 

French Alncan, lAWa 


GuB States. Asu. Gen rial and 

Seuta Amenca 


Rest of Africa 


S5.000 

3,100 


3J00 

610 


485 


900 


SAVfKOS 
tor f 


37 


49 


32 


W 


3T 


47 


OC 


.as 


24 

H 


34 


44 


8 months 
r- 1 month 
FREE 


3300 


7.700 


1.300 


3 months 
+ 13 FREE 
Issues 


1^00 


4.200 


1J70 


115 


41.000 


12S 


275,000 


7.700 


430 


1.900 


28,000 


2SJ500 


27JSOO 


1.700 

1.900 


335 


2S5 


430 


1,050 

700 


66 


150,000 


4^00 


230 

1.050 


1 2-5-94 V-y' 

□ 12 months (364 issues in dl with 52 bonus issues). ' . 

□ 6 months 1 182 issues in with 2 6 bonus issues}. * " 

□ 3 mom] IS (91 issues in oil wifh ?3 bonus issues}. .t- ; 

□ My check is erxJosed (payable to the International Hamid Tritiwli 
LJ Fteose charge m y; v American Express r; Kners Club a 

u McateiGardCEurocand □Access’.^-'..' . 
Credit card cbcxges will be made in French Francs al c u rre nt a od i angei#^; :: 
*^AAD ACCT. NO - .• 7 , - 


14JHW 


14.50Q 

14 .SOQ 


900 

ijxn 


185 


145 


235 


495 


270 


r°r rtormetion concemng hand-deUvory n 
Germany «• 0130-84 85 85 or fa* 1066) 175 
Ire* p#n« is granted \os ofl new order? 


my r German effles call tofl Uee [ 


IHT 

413 . Under German rovpiallcnJ. a 2 -woofc 


ImlbSfeSribune 

pimi^HEn wrm rmr ww mu nos oe thi w ohith.ttvi mn 




fc* BU 5 Wt Ji •□fiEeBS. PLEASE IfOIATE YOUR i^I NUM8BI- 

- y—'—r - 

IWT VAT 1^1*^-^x732021 12 * 1 | 


Mr.l J Mn 1 . Mits FAMHY rtAMF 


TO 5 T NAME 

. - ’ • r-j 

PEPAWeaT ADDRESS, BUSBYS 

■ 

_ j 

■ . : “ '.T * 

aiY/coDF y-v 

COU-JTRY 

-.'I F- 

IEL 



” ~ 7 ~—- -- 


«r. ' T 

h * 3a, «370651-rat33.TA6^9301 % 

offeror 3 , 




r.-ccy 


































































Mi! 








111 


mm 








gp* -■ 


mp:.-. 




SKfr- 



pgpnc 




Vbs**iB TXa -\ 

«K i^ -. . . 


jggjjfc 


lfeS' : 



&*-•■• •' 



I INTER NATIONAL HERALD TRIBUNE. THURSDAY, IVL\Y 12. 1994 


We Need the World, 

® na Tells Traders 

Li Peng Courts Business 


ByJonathaB Gage 
• aad Kevin Murphy 

mimon* HeraU 7V ®““ 

*1 ^ ago 

thinkable “““ 411 but 

.Prime Minister U Peng, giv- 
®g a dinner for major foreicn 
F^Pprate leaders and seveS 

*** s' f* mR 


as weU as with lower-ranking 
Chinese officials from whom 
in^ otherwise remain distant. 
Beijing views the conference 


as a means of reaching out to 
foreign business to finance its 
rapidly evolving program of 
s. The ev 


economic reforms. The event 

rames at a time when China's 
banking, securities markets and 


ha i , mjmagemeni skills to 
help build China’s economy. 

“To accomplish our obiec- 
^™ need . the ^operation 


elSTS 

worid, Mr. Li said, “ai it** 


*** “M- “At the 
rime, we're lacking funds 
For investment." 


m bis private recep- 

w ^ sunomided by mem- 
oere of China's State Council 
and other high officials, Mr. Li 
treated just the business leaders 
to an houriong off-the-cuff as- 
sessment of the state of his 
country. 

The tea, overstuffed ann- 
cnairs and moist race-towels 
were farmUar to frequent visi- 
tors at China’s seat of govern- 
ment But calling in a group of 
some of the world's ranking 
capitalists for a confident and 
y« frank-sounding explanation 
of China’s problems and prom- 
ise was something quite new for 
the Chinese government ac- 
ceding to local and foreign of- 
ficials and businessmen. 

“We need the world and the 
world needs China." Mr. Li 
said in his address in the build- 
ing at Beijing’s Tiananmen 
Square. “The world needs to 
understand China and China 
needs to understand the world." 

ft was a message often re- 
peated at a hotel across town 
Wednesday, where a two-day 
conference co-sponsored by the 
government and foreign busi- 
ness got off the ground 

The conference — dubbed 
“The 1994 China Summit” — 
brought together more than 500 
foreign and Chinese corporate 
leaders and government offi- 
cials to discuss the role of for- 
eign business in what China 
calls its socialist market econo- 


and its money-losing state- 
owned industries are being 
forced to compete in a market 
economy. 

“1994 is a critical year in the 
process of restructuring our na- 
tion’s economy.” said Wu lie, 
vice chairman of China's State 
Commission for Restructuring 
the Economic Systems. The 
co mmiss ion, which is oversee- 
ing China's ambitious econom- 
ic transformation, organized 
the conference along with the 
International Herald Tribune. 

“This has been the year we 
have attacked the most difficult 
issues,” said Gao Shangquan. a 
leading reform economist. 

Despite major challenges in 
controlling inflation and slow- 
ing {growth, China remains de- 
termined to intensify its eco- 
nomic reform process and 
further open itself to interna- 
tional trade and investment, ac- 



GATT Chief Warns Beijing: 
Meet Conditions or Miss Out 


Mjnud C'eni-j Arrive hunt.P'i'S 


By Michael Richardson 

Iruemaiiunjl Herald Tribune 

BEIJING — Peter Sutherland, 
the chief of GATT, warned China 
on Wednesday that it was rapidly 
running out of time to negotiate its 
entry into the World Trade Organi- 
zation before it comes into exis- 
tence in January. 

He said that China's trading 
partners would insist on further lib- 
eralization as the price for member- 
ship in the body that sets the rules 
for global trade. 

Mr. Sutherland said lhai while 
China wanted to rqoin GATT, the 
Genera] Agreement on Tariffs and 
Trade, its trading partners who 
would make the decision still con- 
sidered that the country maintain- 
ed "a two-track system” that re- 
stricted imports and market access. 

While C hina had developed ex- 
port production driven by foreign 
investment in special economic 
zones and open coastal cities, it was 
combined with “a considerably 
more restricted trading environ- 
ment in the rest of China.” he said. 

Mr. Sutherland was speaking at 
the opening of an intern ational 
conference on China’s economy co- 
sponsored by the International 
Herald Tribune and China's State 
Commission for Restructuring the 
Economic Systems. 

In a briefing for senior officials 
and business executives attending 
the meeting. Li Peng, China's 


Jire ? y r -g«r al<> f a* General Agreement on prinTSe^ Jd^eSy 
Ta^fs^and T^^pldng WedMsday. He said “much remained night that his country, which left 
to be done for China to join GATT’s successor organization. GATT after the Communist take- 


over in 1949, wanted to rejoin and 
“has made up its mind to live up to 
its conditions.” 

However, Mr. Li and other Chi- 
nese officials made ii dear that 
there were limits to how far China 
would go in meeting the member- 
ship terms set down by GATT. 

Western analysts said it was very 
unlikely that China could ngoin 
GATT in time to become a round- 
ing member of the more powerful 
World Trade Organization that will 
take GATT's place early next year. 

Mr. Sutherland said, “The time 
scale is extremely limited and much 

remains to be done.” 

A European diplomat posted in 
Beijing, speaking on condition he 
not be identified, was more pessi- 
mistic and forthright “There’s no 
way they can do it” he said. 

China wants membership in 
GATT and its successor agency to 
mark its emergence as a respected 
and influential trading power. 

It also sees membership as a way 
of increasing its exports, especially 
of manufactured goods, and at- 
tracting new foreign investment to 
provide growth and employment 

Since China began its economic 
reforms in 1979, it has risen from 
being No. 31 in the global trade 
league to No. 1 1 last year, when it 
accounted for 3 percent of world 
trade. 

Alluding to China's growing im- 
portance. Mr. Li said that other 
countries wanted China in the new 
trade organization because, if it 


was left out the WTO could “hant 
ly be described as complete.” 

Li Tieying, a member or the 
Slate Council, China's cabinet and 
chairman of the economic restruc- 
turing commission, said in an inter- 
view that in responding to ques- 
tions from GATT, “We can say 


Officials Set 

ToFleeFusk 

By Rebels £ 

In Rwanda 1 


China has revealed more than any 
country about its economy and 
greatly opened to the rest of the 
world.” 


NAIROBI — Rebel advance 
and bombardments sowed par 


Mr. Sutherland said that China's 
program of trade and economic re- 
forms had “contributed greatly” to f 
bringing the country more closely 

in line with the world trading sys- 
tem. 


tal on Wednesday, forcing mqj 
people linked to an interim govei; e 
ment to pack up their goods ai a 
prepare to flee the capital, Kiga^j 
“The government seems to be!! 


Bui he added that there were “a 
whole range of areas where more 
transparency is sought and where 
there is a need for greater assurance 
to be given” to the GATT members 
who were considering China’s ad- 
mission. 

Many GATT members remained 
concerned about the extent to 
which imports into China were 
treated equally with domestic pro- 
duction, Mr. Sutherland said. 


The government seems to be,, 
total disarray with many officii 
preparing to leave the country wf 
their families,” Abdul Kabia, t 
executive director erf the UN Asr 
tance Mission in Rwanda, said , 
telephone. 4 


He said sh elling had reverber 
ed around the hills of Kigali i 


They were also concerned, he 
ud, about informal or undisclosed 


said, about informal or undisclosed 
quota or licensing arrangements 
(hat inhibited the sale and distribu- 
tion of products throughout China. 

Many of these arrangements are 
intended to protect the thousands 
of state-owned enterprises that 
provide a large part of China's out- 
put and employment. 1 


ed around the Huts of Kigali / 
much of Tuesday night. _ 

Heavy fighting between the ref 
Rwanda Patriotic Front and gi 
eminent forces was also reported 
the north era suburbs of Ruhengi 3 
Tumba and Nkumba. & 

Most of the center of the cap£* 
was still in government hands, I s 
Patriotic Front fighters were try!* 
to encircle it ana cut off south' 


■% gathering, Chinese offi- 
cials emphasized, was the first 
in which the country’s most se- 
nior leaders have mingled and 
- exchanged views directly with 
hundreds of foreign and local 
business people ana diplomats. 


figures in Beijing’s economic re- 
form movement 

Corporate hosts and execu- 
tives who met with Mr. Li in- 
cluded Percy Bamevik, presi- 
dent and chief executive of 
ABB Asea Brown Boveri Ltd.; 
Ronald B. Woodard, president 

Gro^^^atrick J. Warth^di air- 
man and president of Caltex 
Petroleum Corp., and Philip 
Tose, chairman of Peregrine In- 
vestments Holdings. 

Conference participants in- 
dude China’s minister of fi- 
nance, Liu Zhongli, and minis- 
ter of foreign trade, Wu Yi; 
State Counalor Li Tieying, the 
official in charge of restructur- 
ing China’s state enterprises 
and economy; the former West 
German Chancellor, Helmut 
Schmidt; the director-general 
of the General Agreement on 
Tariffs and Trade. Peter D. 
Sutherland; Ernest Stem, man- 
aging director of the World 
Bank, and Malaysia’s prime 
minister, Mahathir bin Moha- 
mad. 


China Seen as Li 


By Thomas L. Friedman 

New York Tima Service 

WASHINGTON — The chairman of ihe 
House Foreign Affairs Committee expects 
China to meet President Bill Clinton's hu- 
man rights demands as a condition to renew- 
ing trade benefits to Beijing. If it does, he 
said, the administration should stop threat- 
ening China with sanctions and use other 
means to promote human rights. 

The chairman, Representative Lee H. 
Hamilton of Indiana, also urged Mr. Clinton 
to lay the groundwork for a policy that 
would take account of U.S. trade, security 
and political interests. 

“I believe the president has not always 
provided the personal articulation and justi- 
fication that his policies need,” Mr. Hamil- 
ton said in a speech at the American Enter- 
prise Institute. 

“On China, we need a broader under- 
standing of our national interest,” he said. 
“We need a skillful balancing of economic, 
security and human rights interests, rather 
than a single-minded emphasis on one objec- 
tive.” 

Mr. Hamilton highlighted an intensifying 
debate, just three weeks before Mr. Clinton 


to Get Clinton’s Nod on Trade 


must decide whether lo renew China's trade 
benefits as a “most-favored nation.” Senior 
administration officials said they are in- 
volved in an intense dialogue with China lo 
try to get Beijing to show as much progress 
on human rights as possible in the next few 
weeks. 

While no one at the White House will say 
so publicly, ii is now widely assumed within 


administration officials hope for more, bow 
“significant" it will be remains to be seen. 

One option was endorsed by Mr. Hamil- 
ton when he said “I hope and t expect" that 
China will do enough by June 3 — such as 
accounting for political prisoners — that the 


from government-owned or army-owned 
factories. 

Senior officials say the final decision will 
come down to a political judgment for the 


f 'resident. If he gets just enough progress 
rom Bdiins. he could swallow hard, renew 


president will be able to declare that Beijing 
has met his conditions. 


Some lawmakers say 
China will meet only some 
of the U.S. demands. 


has met his conditions. 

Mr. Hamilton said Mr. Clinton should 
then renew China’s trade status, and perma- 
nently retire the threat of a revocation. In- 
stead. he said, Mr. Clinton should try to 
influence China by fosiering “change 
through personal diplomacy and our eco- 
nomic lies." 


from Beijing, he could swallow hard, renew 
China's trade status and take the criticism 
from editorial writers and some members of 
Congress, who will inevitably point up tbe 
differences between his oratory and his ac- 
tions. 


to encircle it ana cut off souuu 
escape routes toward Burundi h 
O ne resident said that the Fro. 
was shelling both military and cr" 
ian targets. “Almost everybody i 
here is hiding in their houses,” 
said. 

The United Nations, meanwhi 
has proposed about 5,500 troop: 
support relief operations and & 
tect civilians. c 

The troops, which would be e 
ployed over a monthlong perin 
should be able to use force if tj 
are attacked, Secretary-Gents 
Butros B litres Ghali said in a 
port issued to the United Nati 
Security Council on Tuesday. ' 
The council decided last moj 
to reduce the UN peacekeejr 
mission in Rwanda substanth* 
leaving only about 300 troops. 

“It is imperative that a furtj 
deterioration of this caiastrojr 
situation is prevented," Mr. Bu 
Ghali said. 


the administration and on Capitol Hill that 
Mr. Clinton will find a way io renew all or 
most of China's trade benefits, which allow it 
to export products lo the United States at the 
lowest tariff rates. 

The only real question is what political 
steps the president will take to get down 
from the tall tree he climbed a year ago. when 
he declared that he would not renew traae 
benefits without “overall significant p 
gress" on human right >. 

While China has made some progress, ar.j 


Under another option, some lawmakers 
and human rights organizations argue that 
barring some dramatic move, China at best 
will fulfil) only some of the president's hu- 
man rights demands before the deadline. 

They contend that the president, for his 
own political credibility, cannot renew Chi- 
na's trade benefits across the board, given 
the spotty progress Beijing has made on 


human rights. 
Instead, the 


Instead, they advocate renewing the most- 
favored-nation status for China's private ex- 
ports. but withholding it for selected exports 


Or be could choose the politically more 
attractive route of renewing trade benefits 
selectively, thus remaining true to his cam- 
paign promises while not aborting the trad- 
ing relationship. 

Not only the president has a political in- ' 
terest in such a compromise; so do many of i 
the most outspoken Democratic lawmakers 
who have advocated a tough line on China 
since tbe 1989 democracy movement was 
brutally crushed. 

Although many administration officials 
believe a selective approach is unworkable, 
given the difficulty of sorting out whether a 
company is privately owned or stale-owned, 
for political reasons’ this may turn out to be 
the policy. 


The new force should 


“strong, highly mobile force, cr ng. 
ble of setf-aefense," his report', — 
ded. (Reiners, A 1 

.. s 


TO OUR REAMS 
IN GREAT BRITAN 


It's never been easier 
to subscribe and save. 
Just coll toll-free: 
0800 89 5965 



PATEK PHILIPPE 


GENEVE 

WATCHMAKERS TO LAD'ES SINCE 1B39 


Ladies U flange 


.teLiSlWl.Water-resJstaeri 


yellow sold 16 -carat- 


For mow Informal ion. please contact. Fatek Philippe. 4 1 ruedu Rhfine. I2M Geneva. Switzerland. iy. +41 23/310 
















INTERNATIONAL HERALD TKIBl'NE. Till RSIIAV. MAY 12 . 199 + 



can’t afford to waste 


time. We need to get 
that top down but fast. 
So we made sure the 
900 Convertible’s elec- 


tor the convertible top out of soft fabric — so you.cin 

fold the whole thing away when the top is up. 


- ■ 

* w 


A ■? ■ 

’ V*' 


VERY SAAB. 


V ^ 


tro-mechanical action 


works smoothly and 
efficiently every time. 
Even at temperatures 
well below zero. 


EAR PROTECTION. 


The Saab 900 Conver- 


t’s nothing to do 


1 io 


tible’s top is also leak- 
proof and windproof. 
By which we don’t sim- 
ply mean that it protects you from the odd drop 
of gentle rain. We mean its proof against the full 
force of the Swedish winter - including the very real 
hazard of frostbitten ears. Particularly useful if, like 
us, you do your driving uncomfortably close to the 
Arctic Circle. 


In our excitement at building our ideal convertible 
we didn’t forget that above ail we are building a Saab. 
So the new 900 Convertible has all the other engi- 
neering and styling features you’ve come to expect. / 
It has ABS brakes and air bag as standard. Side, 
collision protection in the doors. Seat-belt tension- 
ers. Soft, impact- 
absorbing interior 
panelling. Front 
wheel drive to give 
you superb road- 
holding even in the 
worst conditions, intelligently designed crash zpnes. 
Even a specially strengthened body designed to with- 
stand one of those regrettable but sometimes un- 
avoidable hazards of driving in Sweden - collisions 


with wild elks. 


It’s 3. 


li ' 


ut love. 


Some convertibles have their back window made 


In Sweden the average temperature is rather lower 
than we'd like it to be. And while our summers have a 
unique kind of beauty we can’t pretend they’re parti- 
cularly long or hot. 

Nevertheless, at Saab we have always had a passion- 
ate love affair \*'*th the convertible. It isn’t remotely 
logical. But then, logic never did have anything to do 
with love. The result Is : convertible you might want 
to take a icok at: the new Saab 900 Convertible. 


of plastic. The new 900 Convertible has one made of 
glass, complete with defroster. We like it because it 
keeps out the cold. 


Engine options include a 150 bhp 2.3 litre. The all- 
new 1 70 bhp V6. And the exhilarating 1 85 bhp turbo. 

And we even throw in a very Saab kind of luxury 
- the feel and fragrance of real leather upholstery. 


FOR PERSONAL REASONS. 


You’ll like it because it 


keeps out the noise. 


PACK THE SKIS. 


Being Swedish, we’re AT !AAas DESI0N 

, , . DEPARTMENT WE 

dedicated organisers, look to nature 


At Saab we’ve had a long-term love affair with the 
convertible. That’s why we can’t resist making them, 
even though conventional business practice dic- 
tates that we shouldn’t make one at all. 


The result is the new Saab 900 Convertible. 


FOR OUR 

We like to make sure inspiration. 


GRABBiKG THE SUN. 


Almost any convertible looks good when the top is 
down. But e: Saab we have a different set of priori- 
ties; we also have to make sure it looks good when 
the top is up. (That’s because in Sweden it’s rare that 
the top isn't up.) 

And when that fleeting ray of sunshine comes we 


we start every journey with 
all the necessary bits and 

pieces neatly in place. So we’ve taken pains to en- 
sure the new Saab 900 Convertible has a wealth of 
luggage space. 

That’s why the rear seat folds down and locks into 
position, giving you enough space to store a couple 
of pairs of skis. 

That’s why we made the storage compartment 


Wf ,r It’s exactly the kind of convertible we always 
wanted to make. And we hope you’re going to 
love it as much as we do. 

Exactly why you might love it is up to you. Every 
Saab driver has his or her own reasons. We’ve simply 
tried to give you as many reasons as we can. 

In fact, we have only one regret. We wish we had 
your weather rather than ours. Then we could put 
the top down just as much 


as you re going to. 


FOR FURTHER INFORMATION. A TEST DRIVE OR DETAILS OF OUR INTERNATIONAL/DIPLOMAT SALES PROGRAMME CALL SAAB INFORMATION SERVICE ON +44-71 240 3033 OR FAX TO +44-71 240 6033. 





• 7 i'SPH? ** 






'• V'H’zrSt 


vMm 


• -. *■» 

■•WTZ, 


** *sa»- 

• ■ . **•*- 








7 :-*■ -m. r . 


.... 

arf srv-’i 


i-B 


Introducing the new Saab 900 Convertible 
















atti 



staW- -Side 


l»sion- 


t^bnpact- 

||ifterior 

Front 




^?.;iroad- 

sieninthe 

-r ; 

ash zones, 
sdtowith- 
iSmes un- 
^Coilisions 




rs&Theall- 


Vi 

,1V • 


luxury 

sfcMry. 




Ry 


gwith the 
jjMjBg them. 
|eS ce die- 



r ■ 

&W-: • 




very 




SMT-PO 


ir ; 


# hs: 

ijeouM p- 


- Jar. 







fe? : 


fw.Vr' 

S-’f.-r. 


1 ^ .«! tffc- 

S^. 








■- ^1 r • - 


8* 


*vrv ••• 



INTERNATIONAL HERALD TRIBUNE, THURSDAY, MAY 12, 1994 


Page | 


EUROPEAN 

TOPICS 


Renovated War Camp 


Draws Danish Protest 

Gennai^ta. Fros ^' near the 

k.. r^r °9 rder - was built in IQ AA 




mark wbo h™lr CUp,cd Den - 
wouldnr^Jl 0 ^?, 118 presence 


ci h C'T* » German 

ScST'sSS ° ie ***« MW. 

i.600 inmates were sent 
£»£"*» 10 Buchenwald, Ra- 

canms^hnir &nd 0lber deal k 
“JHP®- half never returned. 

„ . owners of the renovated 

^“P have sent brochures to Ger- 
aSeQ ? es d «crihing its 
JH d wmfonable rooms,'’ 

ttsssssatf***- 

J?£. h he S ! ark - rcd ^ row “ 

wooden barracks are used as a 
selling point. “AH our buildings,” 
smte, “were con- 
«mcted of pure, natural raaieri- 

But Jakob Jensen, president of 
a Danish association of former 
Pnsoners, calls the new camp 
disgusting." And Thoridld An- 
tonsen, a former prisoner of the 
Germans who had collected 
funds to turn pan of the Froslev 
camp mio a museum to Resis- 
tance fighters, has written to the 
Culture Ministry, urging that the 
camp either be “respected as a 
place of remembrance or else tom 
down." 

The businessman behind the 
camp, Anders Lyng, says he finds 
his countrymen’s reaction sur- 
nising. The place is supposed to 
iave a sobering effect, he said: 
'Anyone who wakes up at night 
and sees a German SS guard tow- 
er through the barracks window 
won't forget it as quickly as he 
would a half-hour museum visit" 
But Mr. Jensen fears precisely 
the opposite will happen — that 
young neo-Nazis will visit, enjoy 
the camp's relative comforts and 


t f 

II 


FESTIVAL INTERN ATI 
CINECITTA I 






ft- 


M w*-' •I* 

U3L / */ 


L'jife’ 



X «*• 

fir h m 

: v « J . .W ■ 


*¥* w ' ' v !J 

• ; v:~v ryfy- / . < 

i •• ».- . .:•**+ - be : '> S $ 

t -*• I 




by 0.3 millimeier a year. Since 
1950, the average increase has 
been 2 millimeters a year. Otto 
Hbvels, a Frankfurt child-health 
sp ecialis t, points to a combina- 
tion of better food and medical 
care and a cleaner environment. 
“During our growth years." he 
notes, "we are iLl less often, and 
for shorter periods. The effects of 
environmental damage were nev- 
er as smalL" 




Mho StfltJts. Rcukts 

SHOW TIME NEARS — A billboard in homage to Fetiim is 
installed as part of prepartions for Thursday's opening of the 
Cannes FQm Festival, where 23 films are in competition. 


then tdl their friends: "Hitler's 
camps weren't really so bad." 


Around Europe 

Britain and Ireland have ended 


imported for commercial pur- 
poses, but not for personal pets. 

As part of an effort to lower 
barriers to free trade, dogs and 
cats imported by animal dealers 
will be exempted from the six- 
month quarantine previously re- 
quired to allow for detection of 


rabies. But they will need health 
certificates, individual vaccina- 
tion records and some form of 
electronic identification. 

The possibility of extending 
the approach to privately owned 
pets wiD depend on the success of 
the commercial program. 


The Germans just keep getting 
bigger. A typical German Army 
recruit was 1.74 meters »5 feet 9 
inches) in 1942; now the average 
is 1.82 meters. During the 19th 
century, average height increased 


British Telecom has mounted a 
provocative campaign to get peo- 
ple to spend more lime on Lhe 
phone. One advertisement shows 
a solitary teenage boy staring 
glumly at a television and asks. 
“Do you ever wish your kids 

would use the phone more?" An- 
other, showing a tease-looking 
man on one phone and a happy- 
looking woman on another (nei- 
ther, for some reason, is dressed), 
asks: “Why can’t men be more 
like women?” 

The ads are based on some sim- 
ple findings which BT hopes to 
turn into big profits: The average 
British household, it says, uses 
the phone for only four minutes a 
day, just one-fifth the American 
average. And researchers say that 
while 64 percent of women think 
nothing oT spending an hour on 
the phone, only 4 percent of men 
ever do so. 

But British papers quote par- 
ents who are angered at BTs at- 
tempt to gel their children to 
spend even more time on the 
phone. An Edinburgh communi- 
cations specialist. Dr. Guy Field- 
ing, is quoted as saving that the 
phone company wili have a hard 
time overcoming the “telephone 
apprehension” common to many 
men, whose use of the phone 
“lends to be instrumental — to 
complete a task, to set up a meet- 
ing." 


Three enterprising but jobless 
East Berliners have started what 
has quickly become a successful 
service: to-your-door condom de- 
liveiy. Sales have boomed since 
the business, Condom-Mix. 
opened in October. The service 
offers delivery within 10 minutes, 
often by bicycle. “Bikes are much 
faster.” said Kers tin Lorenz, one 
of the three owners. “And a lot of 
the customers are in a hurry." 


Brian Knowltcn 


INTERNATIONAL CLASSIFIED 


PERSONALS 


MAY THE SACRH1 HEAKT of Jests be 
odortd. glorified, bved ond pmsened 


througout rfw wil now <nt for- 
Mr.laud Hgal of Jam 


— . 1 pray far 
ul Sour Jod* wtrknr of ranxte pray 
far in. Soirf Jude help of the hopstess 
pray fa m. MOi AMC. 


THANK YOU SAQBDVCAKF 
£ J “ a 


ANNOUNCEMENTS 


AtOO HO UCS ANONYMOUS Fngfcb 
. PAHS 


(46 3* » 
!<S78 


luH 

9344392?. 
■5974265. 1 


-FSUNG tow? 


■ havi 


SOS HHP aiuSnc in 
11 paUU(l|d 


Atom? 


.. 3 p^- 
eon. 


DUTY FREE SHOPS 


FR€DDY 


AB perfumes & aft Duty Free" in Ifae 
fast o t Pans. Special dbesaab far 
US Utmtk to oak At tHhy SOL 
Sowngj of 40K. 2 biodd from ' Opera". 

rrai to If* Aronmn Enxta Baft. 
FRS C3FT wdfa the ad Monfn, 9^30 
10 iw After. Pari* 9. Metro Opera. 


EDUCATION 


INTENSIVE GOMAN COURSES n 
Wrana (A«lnaJ doting whole yew. 
AustroAmeriam Society in coopera- 
tion with the Gc«he-*ftMe. A-1010 
Vtarwg, SttJhurggaBB 2 Tet +X3-I- 
51239K2. Fax +&V5T 39123 


MOVING 


i REAL ESTATE 

i FOR SALE 



SWITZERLAND 


AGlS. UMJON (4441) 961 7555 
AILS. PASS {33-1)40 20 20 40 


(3341 • „ 

IS (32 21 52 
AGlS.8BBJN«930)«1 3*5 


A.CLS. Bgi55RS | 


1524 25 OS 



j LET US HIP YOU! Setotf a farafy 
i nmtiiiuiit. Lake Geneva, Southern 
! me and munWn. A«njdiv» 
1 price*. Confute confidence. Sam 
finwided Tet 41-21-339 00 49. 

Fax; 41-21-329 00 52. 


GREAT BRITAIN 


KENMJGTON, bu^ftridge. Mark*. 
Hyde P<rL Sekcwn of Wiry far- 
nohed aid infam fted faxnei - 4. 
weeb -o 2 yeai. wnh » withotrt 
mad service. Axoi Piopeiiie*. W 44 
71 486 5741 ro 44 71 436 »4& 


AUTOMOBILES 


LSA RESIDENTIAL 


| KANSAS, USA - 159 RAy woeced 


LOW COST FLIGHTS 


SCHEtXAH) dedy 


to. braes. 


eo3notn)» nfJoweQ wet oto fiday 


sorckiJeUft Pam P! <7 55 13 13. 


BUSINESS MESSAGE CENTER 


home bali ng fab an fake raw gojf 


cane. Na» t «it Vdo# 3 mbn 
(an. Ody S50OD0a CaD B0B465 
0660. Fax; 30866frl22B. 


REAL ESTATE 
TO RENT/SHARE 


PARIS AREA FURNISHED 


READERS ARE ADVISED 

that Mho Ifitornntfararf 
Harold rritow amoof bm 
kM respo nds* foe km or 
ilei uw n M ninr ire r f m ~rr 


suit of W *« tfa* 
ndng from advor Hs mam n ts 
wNch appear kt oorpapm. 
ttb dma St m numamd- 

od Httd readers mdto ap- 


tonOag any money «r en- 
tering hdo toiy binding 
toumihrmoH. 


business 

OPPORTUNITIES 


OFFSHORE COMPANIES 


-TSO^YMADECO^AMB 

• taS’HONE A MAIL FOfWAKDNG 


Tdeohone v te far ramedfctt wr«» 
“SdlDO page cMow brodwe 


OCRA ASIA UMfTB2 

24d2 8ankcfA , ammTra« 

fi- +852 5211190 


- Fiw pratoo~l««^ 3hom 

.Wort*«fe■®P^ on, 
»beueJrteo. >w». T 

• FuS asnfid o*dsemees 

• ipndm repreeWM*. 

• Ml atonwt* onSKV<B 



OFFSHORE BANK «eh Oa*s A brut 
M menianl a commerod bank 
powen. Tax free weno^ taxne&4e 
tnarafar. US S25ma London 44 71 
394 5157. Cwnda ffi04} 942 i\S>. 


For free 

bodune or advice Tet London 
44 81 741 1224 Free- 44 81 748 6558 


BUSINESS TRAVEL 


WBwfaera dam Frequent Trmefcrs 
to Oiert/Aeraala/Afnca/Nei. & So. 
America Save up to 503t No coy- 


E* 


BUSINESS SERVICES 


$AVE ON 
International 
Phone Gills 


Now you an eft the 
US. in wve as mucfi as 
65% ampored jo bod ptone 

companies or eftna card pkxn. 
Cft from home, rite or hot* 
end ovod swt 
Avatobte ie ft ( 


Cril now for fries cmf seefw 
you can begin Wtymg tafciy. 


fanes open 34 bows. 


^^TbacK 

Teb 1/206-284-8600 
Foe 1/206-282-6666 


417 Second FjeraeYto 
Swtlto WA 98119 USA 


Agent inquiries wefcorr 


HONGKONG 

COMPAMBUS$350 


Operate vera no tot or 
lo w ta r o anpany 
towmem era Ira cF Ado 


SOVBSQN TRUST MiaNAZIGNAL 
_ Tower, Lippo Cenhe, 
Oueenswoy. Hong Kong 
TH. -4-852 868 2244 
FAX- + 8S2 868 5995 


TELECOM. 


SA1BUTE CBBxwmiatfioie Trwkc vdh 
Tdex & 


Tetox & Phene. Wtaria anywhere in 
143*3378311 


the wodd 530 JtX? Fa* 44 \ 


CAPITAL AVAILABLE 


FUNDS AYAftABlE 


TO PURCHASE: 

•toners of Craft 

• Bank Guarantee 

• Other Acastabo Cribteri 

• BnHcpH by Privcte hradors 

THRU MAJOR KTT 8ANK5 


CAPITAL SUPPORT CORP. 

US. (714) 757-lOTO fax 757-1270 


FINANCIAL SERVICES 


HU SBtVKZ FOR C OMMO DITY 4 

CUSKBfCY TWOS; , 

Receive ipeabc entoes/eads/saps, far 

30 fUnSBvia DAILY WX/Swri 
rttc offer; 2 nxrtfa For US. >2,000. 
Cal 305-251-676? or M&llhM -. c* 
FAX 3t»2543272i or wffljtg 5ra»n 


Taftn, Ud, P.Q Bax 560637. Mian. 
FI 33256""" 


) USA 


PARIS 


“BETTBt THAN A HQ1H." 




OFFBt YOU II 

QUALITY APARTMENTS 
• Luxury fanvshed 

• Mad & ben service 
• Speoa! r«4es far long Hays 

• In front ri “the 5ebe 

• Dose to tfw Sfal Tower 
ond “Ti mudi eu " Sq urae 


Prices stoning of US700 per meek 

her MeneaSen A rese 


For farther 

cdl 1-4525 9501. Fra 1-4288 2991 


NEUUiY, BO DE LA SAUSSAYE. bgh 
Hra. targe r ecepno a. 3 btftoan* 2 
bxns, brae bricary, on rxiikn. 165 


sam. 


net. 


14563 17 77. 


6th, VAPCAU - From 15* 

months ww m w n. 4 room, f 
maid. S2^0CVma. net Td; dayiune (1 
4329 2019 / evramm (11 4584 7231. 


PARS BB4VB4U8 

service & farrafred rwitah. 3 
2wn.Td 1421 34040 Fax I 


EXCBTIONAL IN MONACO 

Dixing the Mcnaco Giard Fra week 
from Satin day 7 to ScJixito. IS Mas 
EXPOSITION - SAJJE 
PSSnGfOUS VBROB 
Rofc-Boyae - Bentley - Feiimi - 
Jaguar . BugcSti • Aslcn Momn ■ 
Porsche - Mercedes, eic. 


BRITISH MOTORS MONACO 


15. Bd Prmcesse Oiarfaee 
Tel 93 25MB4-'Fa.93 50 25 3t) 


FOR SALE & WANTED 


EXCUJ9VE LAMMATH) PHOTOS of 
lhe bto R. Men Kahmie ond Vladmr 
Jftarindtv. £39.95 + 5A®5 -Jwnj 
and handCng. Quantity dncounK 
Dvaiabie. Gateway. Pu Bor TO. 
Brora. N.Y. 10463 USA. 


LEGAL SO? VICES 


DWORa fast, sram po fc. 
8040, Anoririm, CA 92802 Cft Fra 
(714) 9688695 USA. 


YOU SAW MS AD. 


Sn did nearly half 
a nrittion poicnual 
real estate buyers world uidc 
Shouldn't you advertise 
your property in the 


INTERNA TIOSAL 
HERALD TRIBUNE? 


SReAl EsTaTf, In AivD ABOiiNp 



SPECIAL HEADING 




To place your classified ud 
or for more information: 

Contact in Paris 
TeL: (534) 46 57 93 85 -.Fax; GM) 46 57 ^ 70 
OR YOUR LOCAL l.H.T. OFFICE 
OR REPRESENTATIVE 


bogravia 


-ABB- 


UK 071 589 5237 




071 26605B6 





^ 071 5W 9298 


INTERNATIONAL CLASSIFIED 




WSSSMVASPM^ 


Eozxt Agency 346 501 


s,se °iKnt^ 


*^-*M3CT4 GUK U SBMQE *" 

SfiBHWlSE!^ 

HAMU 

LONDON ESCORT SBMCI 
londai/Herihrow__ 

Tftchcra 0850 623734 

••• MBS lOfCON 
EscorrsawcEAPOTwa 
pieffle cd l London 71 39* 5121 _ 

•■’TOKYO 

Escort / Gride Senm. Telephone Pto. 

Bfl 3351 - 2278 

ZU8KH * BERN * (UZSN 
NATHAUEErartSeraw 
Tel 0) / 461 76 3? 


VI9fftt"ftUBS*COTE D'AZUR 
Et rocn raa Esaart 4- TttweLSmce. 
Cft Vienna +43-1-3106319. 


** IOPDQN ■* CABHBEAN ' 

tondon & Heftaow Escort Senrica 
071 794 9077 Craft Cirth Accaoed 


* • * CF.C PASS • PRAGUE * • • 
BCORT SERVICE - Oil BEGUM 
CN - 322 426 - 29 51 


MOMHON CUB -VWNA ESCORT 
Sena. 5., Recfae Werarik 2a 
0222/56 86 84. 




ECOimtAVBSSMCE 

Tab 39-2 407 78 72 


TO OUR READERS 


IN LUXEMBOURG 


it'c never been easier to subscribe 
” S and save. Just rail toMree 

0 800 2703 


■EXQUISITE 
LOMX3N • ■ ESCORT * SSJVICE 1 
LOfCON 0 7 1 .935-4533 


MADRO ■» CHRtSTtE 

Gride Service n\ Spain. 

Tet 908718351 « 34-0B-71O75I 


LONDON - SARAH 

Escort Service 

Tft081 969WlS. 


AMS1BDAM BUTTBfflY beat l 
S*«t Tet R2M471570 
Gerit Ctnfa teapted 


FRANKFURT K01N PUSSaDORF 
ril feat, bcorl Serwce. 
069473294 


ORS4TAL BCORT SStVKE 
LONDON 

PLEASE PHOW 071 ?25 331 < 


ZURICH/ EBN / BASH. 

Etcort Serva 

Tri- 077/88 0b e0 ££77.86 Oo 70 


ITALY ' PAHS * COTE D'AZUR 
French ftvieta Escort Agency 
. Dd (Inti) +39 184 3*8 37 


TAJ MAHAL ESCORT S»VKX 
MAJOR CS35tT OKA aCCEPTECi 
IOPCON 071 596 4105 


AMBIENCE * ’ ’ ■* 

■ • LONDON ESCORT 2RVLCE * * 
IS: 071 73 5008 Credi Co-dr- 


MUNICH * WELCOME 

ESCORT & GUIDE AGENCY 
PLEASE CALL 089 »l li U 


’ * • RtANXAlKT ' ‘ ' 

Lady Brhbn Escort and Tirjvei Semcc 
fV» n* 0161 T6 32 5 7 2 


CBBVA RtST *** 

• ESCORT & TRAVEL SETMCI ' 

• Tet 0g.-346.J4.86 - 


BONY ANGaS OF lOFDON 
SCORTSSYCE 

071-I33-7O47 aetft catfc at?«c»nd 


MANDELA: 

A New Cabinet 


6 Whites Are Sentenced to Die 


Continued from Page 1 
cabinet in KwaZufu-NauL there is 
now so much enforced cooperation 
built into South Africa's new politi- 
cal order that ibe rationale for po- 
litical violence has largely disap- 
peared. 

“Together, we will do what has 
to be done to ensure that interne- 
cine violence never again rears its 
ugly head,” vowed the Inkatha 
chairman, Frank Mdlalose. as he 
was sworn as regional premier of 
KwaZulu/Naial. 

Mr. Mandela’s choice of his es- 
tranged wife for a relatively minor 
deputy cabinet position was more 
complex. One of the most polariz- 
ing political figures in the country, 
she is considered to be evil incar- 
nate by a huge majority of whites 

and some blacks, but hailed as the 
mother of the liberation struggle by 
most blacks. 

Though Mr. Mandeb makes it 
clear that be respects her political 
contribution, he is chilly to her ai a 
personal level. In lhe last several 
weeks, Mrs. Mandela has been 
snubbed at many of the victory 
celebrations and inaugural activi- 
ties. 

The flamboyant Mis. Mandeb 
hit a rock bottom in 1991 with her 
conviction for kidnapping and as- 
sault in a case arising out of the 
murder of a Soweto youth. The 
murder conviction was subsequent- 
ly overturned on appeal. 

Although she lest her ANC posi- 
tions. she remained active at a 
grass-roots level and staged a polit- 
ical comeback by winning the lead- 
ership of the ANCs Women’s 
League. 

In recent months, she has spoken 
of leading protests against the new 
government if it fails to deliver. 
Most analysts tend to see her more 
as a gadfly than a substantial 
threat, but in bringing her into the 
cabinet. Mr. Mandeb at least tem- 
porarily neutralizes her as a poten- 
tial left-wing opposition figure. 

On the other hand, it wax not 
clear how much enthusiasm she 
will bring to the job. She did act 
attend Lhe first meeting of the cabi- 
net on Wednesday. 

Other familiar ANC faces in the 
cabinet are Joe Modise, minister of 
defense; Du 11 ah Omar, minister of 
justice; Trevor Manuel, minister of 
trade, industry and tourism; Joe 
Slovo, minister of housing: Sieve 
Tshwete. minister of s-pon. and 
Pallo Jordan, minister of posts, 
telecommunications and broad- 
casting. The ANC has a total of IS 
cabinet slots. 


Reuters 

JOHANNESBURG — A South 
African white judge sentenced six 
while rightists to death on Wednes- 
day for murdering four black men 
at an illegal roadblock near Jo han - 
nesburg. 

The six members of (he neo-Nazi 
Afrikaner Resistance Movement 
were condemned to hang in a Su- 
preme Court ruling that came as 
South .Africa entered the First full 
day of a new. black-led democratic 


— executions are now in abeyance 
in South Africa — one received a 
15-year jail term, and Lhe other five 
got 18 years in jail for attempted 
murder, assault and possession of 
unlicensed firearms. 

Judge Dirk Marais said the sen- 
tences should act as a deterrent to 
those intent on taking the bw into 
their own hands. 

Those sentenced to death were 
Petros Matthews, Marthinux van 


The Afrikaner Resistance Move- 
ment is a paramilitary white ai- 


der Schyff, Frederick Badenhorst, 
iU5 Vjs 


premadst group led by Eugene 
schema 


Terre'Blanche dial warns a Europe- 
ans-only homeland. 

The men were found guilty of 
four counts of murder each. 

In addition lo the death penalty 


Marius Visser. Karel Meiring and 
Andre Visser. 

A seventh man. Gerhardus Die- 
derichs. was sentenced to 10 years 
in prison for murder. 

The four blacks were killed on 
Dec. 12 at a roadblock on the west- 
ern outskirts of Johannesburg. 

Judge Marais rejected evidence 


last month by the accused that th 
goal of the roadblock was losearcl 
vehicles of blacks for illegal wea p 
ons and hand them over to th 
police. He said (hat after excessiv 
drinking the men, all armed, hai 
assaulted and shot at two biac 
pedestrians, then set up the road 
block and searched two vehicles. 

They lined np die black occu 
pants of the cars and shot then 
One of the victims was a 13-yem 
old boy. The ear of another victir 
was cut off. 

South Africa currently has 
moratorium on executions, but ft 
new government of President Ne 
son Mandeb has yet to issue a 


official polk? on capital punisl 
meat His African National Cot 


grass has said in the past that 

opposes the death penalty. 


Cult Followers End Tel Aviv Standof) 


The AuocuaeJ Press 

JERUSALEM — A 25-hour 
standoff between armed cult mem- 
bers in suburban Tel Aviv ended 
Wednesday when sect members 
surrendered to the police. 

More than three dozen people 
bad been holed up in the com- 
pound since Tuesday when 1.200 

policemen reportedly moved onto 
the stronghold to arrest the charis- 
matic sect leader and about 50 of 
his followers in a predawn gun bat- 


tle. The police fatally wounded one 
man Tuesday when he opened fire 
on a police helicopter with an auto- 
matic weapon. 


ed by oil bands and sandbag fort 
fications. 


Rabbi Un Meshulam and his 
followers had barricaded them- 
selves in the compound in Vehud 
for weeks, turning it into a make- 
shift armed camp. Guards with as- 
sault rifles had maimed observa- 
tion points atop a two-story stucco 
house, and the area was surround- 


Rabbi Mesbulam’s supports 
Jews of Yemenite origin, accuse a 
ihoriiies of kidnapping hundre 
of newborns in Lhe 1950s and gj 
■mg them lo Jewish families of As 
ke n azi, or European, origin. Th 
demand an official inquiry. 

Police Commissioner Assaf H 

fetz said 86 people had been acre: 

ed. 


GAZA: Palestinian Police Taking Over Israeli Bases 


Continued from Page 1 
who had to rely on it for permits, 
identify cards and other matters. 

In the next few tveeks, most of 
the civilian functions are to be 
transferred to the Palestinian Na- 
tional Authority. But there are 
huge gaps and uncertainties, such 
as what laws the new police will 
enforce since the Palestinians have 
yet to complete preparations for a 
legal system. Until now. they have 
been under a mixture of British 
mandate and Egyptian law, over- 
laid by more than 1 300 Israeli mili- 
tary orders. 

Despite such problems, the fu- 
ture seemed bright to the crowds 
and the new policemen. 

“It is a feeling of hope and hap- 
piness — Gaza is the homeland of 
my father and my grandfather." 
said Said Shalouf/40, a newly ar- 
rived officer who said he had not 
been in Gaza since the 1967 Middle 


East war, when it was captured by 
Israel. 

Several thousand policemen are 
expected to cross into Gaza from 
Egypt in the next few days, while a 
separate group is to begin crossing 
the Allen by Bridge into Jericho 
from its temporary camp in Jordan. 
The arrival has been plagued by 
delays, in part over procedures that 
Israel insisted upon. Both in Jeri- 
cho and Gaza, expectant crowds 
have clashed with Israeli soldiers. 


cease providing service to Ga. 
where at least naif of the electric 
is stolen. After an emergency me 


ingin Jerusalem, the Israeli gpvei 
theS 


mem agreed to guarantee 

million debt incurred by the Gz 
municipality. 


The debt stems chiefly from l 
losses because of theft, and then 
niripabty’s inability in recent ye 
to collect from hard-pressed re 
dents. 


Jamil Tarifi, a Palestinian dele- 
gate to the autonomy talks and a 
member of the committee prepar- 
ing for the transfer of civilian au- 
thority. said the police had not 
been issued standard Israeli identi- 
ty cards — which are carried by all 
Palestinians in the occupied West 
Bank and Gaza Strip — but new 
Palestinian cards. 

Israel's electric company, mean- 
while. backed off on a threat Lo 


The state-owned electric com] 
ny is the sole wholesale supplier 
power to Gaza. 


The Israeli cabinet on Wedn 
day unanimously approved i 
Cairo agreement signed last wi 
by Prime Minister Yitzhak Ral 
of Israel and Yasser Arafat, 
leader of the Palestine Libera t 
Organization. The pact was be 
debated Wednesday in the Isn 
KuesseL 


ITALY: Western Allies Warily Watch Neofascists in Berlusconi Cabinet 


Continued from Page 1 

they have before them is a govern- 
ment that be’ieves in the funda- 
mental principles of freedom, de- 
mocracy, respect and tolerance for 
others." he said. 

(He added that his government 
program, which he will unveil to 
Parliament next week, would un- 
derscore ihat the principle of anti- 
fascism was fundamental to his ad- 


ministration.] 

"Fascism finished in 1945 and 
history marches on.” Gianfranco 
Fitti. the leader of the National 
Alliance, said Wednesday in a fur- 
ther effort to distance himself from 
the policies of Benito Mussolini, 
the dictator whose postwar sympa- 
thizers Founded the Italian Social 
Movement in 1946. 

The Italian Social Movement 
forms the core of the National Alli- 
ance. created in January to project 
a less extreme rightist image, but 
Mr. Fini has persistently declined 


lo purge his party of hard-liners. 
“Only dictators chase people away 
and I'm not a dictator." he said in a 
published interview Wednesday. 
Both the former U.S. secretary of 
stale, James A. Baker 3<L and Presi- 
denl Francois Mitterrand of 
France were reported in Italian 
newspapers on Wednesday lo have 
expressed misgivings about the re- 
surgence of the neofascists. 

Mr. Fmi was asked Wednesday 
if his ties lo historical Fascism were 
broken. “And I reply: yes. that 
thread is broken. Certainly, it is 
broken." 

The National Alliance fought It- 
aly's March 27-28 national election 
in alliance with Mr. Berlusconi's 
Forza Italia party and the separat- 
ist-minded Northern League. 

While the new. three-party gov- 
ernment was sworn into office 
Wednesday, it still has to secure 
parliamentary confidence votes 
next week in the lower bouse. 


where it has a majority', and in the 
Senate, where Mr. Berlusconi will 
need the support of independents 
to secure victory. 

Although Mr. Berlusconi has de- 
picted his new administration as a 
force for change after corruption 
scandals that destroyed Italy's 
postwar political leadership, that 
view is not universal. 

“In reality, the long march to the 
Second Republic is starling only 
now," said Paolo Franchi. a news- 
paper columnist “It will — and 
there is no point hiding it — be a 
more than uneven transition." 

As much as anything, the corrup- 
tion scandals that implicated about 
6,000 politicians and businessmen 
have left Italians even more cynical 
than ever about their leaders. 

The new government has come 
to office in a mood of sharpening 
conflict with the investigating mag- 
istrates who have spearheaded the 
inquiries both into the corruption 


scandals and the Mafia, and u 
□ow fear that the Berlusconi . 
ministration will seek to slow si 
inquiries. 

Before the government took 
f ice, Francesco Savcrio Borrdh, i 
head of the Milan anti-comipt 
investigators, said he sensed “ 
prospect of efforts to weaken . 
magistralure." 

Some of the worries center on 
apparent conflict of interest 
tween Mr. Berlusconi's business, 
teres ts and his role as prime mil, 
ter. While be renonneed execub 
positions in his Futinvesi emp 
when he entered politics m Ja. 1 
ary, he has not givm up owners 
and has brought some key busin 
aides into his government as mil 1 , 
ters. ; 


Fininvest owns Italy's bigg 1 
private television network and 1 
range of interests in insurant 
publishing and advertising. 


INTERNATIONAL RECRUITMENT 


GENERAL POSITIONS 
AVAILABLE 


INTT CARS) OPPORTUNITY 

Wf off an w'l PRESS & ADVERTI9NC’ 
AGENCY wfas coardnaton. 
foeft. t<*J are 

0 Between 2* <i*d 30 vtan oW 

D biftero command of Engfah, French 
o<vd UtaMgt J jfomih. 

O Uyrvjm*. wtwsrt. < on Merit cftK- 

nrjK. ede[iendwi>. seR rncftwrad. 

• Prepared to lrir.el 10 rnonrhs a *tai 
rtith rendww md emended uof. •» 
different (time 

O rij open? te ■" «**«<*/ 


The pb en >b ccrtocn an S* 
level ci aw the wertd are! a reward- 
ing lalar. 

K f>iu frank |>m have the in* ana are 
ambmur. encetqh to tole Hie chdteoae. 
we .voiiid Ute )W to vend r. to* CV 
together arrth a ectn phyograph 
prompll. to 

c/oNOA 

91. RUE DU FBG ST HONORS 
75008 PARIS 


PERSONAL ASSISTANT 
beernatiftnoll/ olahWed (ejnale 
wnhei to employ inwslhgcm ' untie, 
without attachment: S wfllmg to Eve 
partft, m NY 1 br-ape *ge reived- 
45-55 »t: minimum Igw ieoetaia 

(fanes £ dntirij Le^nse eoentid. 
Knowledge ol German EtyjW- 'equred. 
Excellent rolerencev Ocod salary 
FA* tfaw ret 2i:-«o* 3'*S6 lAA 


ADMINISTRATIVE MANAG6I 
BOOKKEEPER 

tegjeed far Praa tnaed inform®**' 
set nee by eh. F-enc*’ etienn^. 
mrJ lone -ftd «otl>ng |-ape>i. 
Please apfl* in to- 

P nankjr. ILIS L'J* 

4. avenue Horne 75UC® Pats 


USA GLOBAL UP* rwdi » te* 
-eccie ic« eipaae-'-n ol eft boo 


pheuw- seimctr Lowed •rsbwtde 
rates) Ur. USA 50 i* nwuie, faa» 
USA SO eE mmute. <ur.itobr>USA 
SOJM. Mr '-fhA Phone-Far 

USA: 515-C1- 164? 


SPECIAL ASSIGNMENT; P-ewu-cefa 
bbew>Kft fa aopal m.urai. Past 
learning, ciri.crjlate rionwloij. 
Luerofrt (jiv* tim-rr Peph Bo. 

IH T.. 650 Tfad in.- 8ih rl t tf fiY 
10022 US » 


FRS LANCE WRITERS WANTH) 

K mrh news and conv®! p'onfa 
far fr* :;-b->:tu and at to**ee hm 
indten i Mitt hme ->?*■. set Wt O' 
rruanzine ?ire.etv.>: Fa* itvwte. 
to jit 212-827 0945 USA 


WBTBS/KESEAKHBIS NHKD (or 
Geneva hovel gude- Bortteby Pr»s. 
11141 Georgia Ave. Sle. Ad. Shror 

, MD 20902. F«: 301 949-2205 




GENERAL POSITIONS 
WANTED 


SENIOR PROGRAMMSl/ ANALYST 
41. Amntfrt vMh European passport 
seeking emftjymerf in the Netoer- 
fands. Ruert trgisK French, famed 
Dutch Wil te in Hotond the «eek of 
May 22. For more infamOBon. or to 
arraige an aaorrmert, pierce t/roe, 
eft a fat John P. Rrafaugh, 1402 
Gvermo St, San froaifa. CA 
94110-4325 USA. Vow or fdfc +1 
«15rB2]-0888. 


ITAUANO, 29 an, experienoa de 4 
anos en e omponi o inremooc-nai cento 
ednvaatrador de convotos (emp 
lecdol pdcra n^es. ba*« espmol. 
lipfctrado en ccmputodorcs v c onto 
ogerre de eomeroo. busaa trabap wi 
la repubica Danncana a partir de 
Jufas. Escnhe a Iro Standi, vn Tcs- 
qurao Procfr 6?. 00181 Roma Itaia 
Td. y-e.7B8060a Fra: 39-0-5 WI 3 


Looking <far MBS MONEYPWNY? 

Engforu-'French woman. 22. seels 
future pod. Her Majesty's Secret 
Service h* |us» le» go of a valuable 
osxl. Is tetuning home and wishes 
new assignment. Seeks new pan >n 
Pore or London in June, w# Ira 
aedentxiv Senous tnqunics only. 

n Bra 539. IKT. 850 Third An, 
.NY.. MY. 10022. UiA 


AtrftaUo to work a* consultant & ’ 

efismbutw of computer related jxod- 
acts from USA/ JAPAN 'EUROPE E»- 
penerced fa data pioceairar'romrrm- 
ivcacor eqmcrwfrs far 25 years in 
BM'StEM&e'BULL wc Heoso am- 
ioa GANGULY fTH,'FAX. 49-89- 
27148041 


TELECOMJMMCATIONS B 4G9P 
Mid-tfates. Canodian. 
ecpetMnce. fluent Engbsh/Freneh, 
bob no for choletwinq raflun 
anywhere. Fleece cal +1-51*467- 
69l5 or w* B« 973, Sh*on B. 
Mowreft. PQ. H3B 3X5 Canada 


GERMAN, MULTICULTURAL with 
business boefrtymnd. translator, 33. 
Engfeh. fieneh. hftan, Spanish, Rort- 
enwBem, same Duteh. em- 
m Cofay* fcocteitd trading 


industry), seefrs interesting rat appor 
y. Cdl Udo Burt. 49-22^233639 


tunfry. 


SMGAPQRfr/HONG KONG: peftion 
sought m ra L pubUmg. Young Am- 
eneon with degree, Huem m Gernrat. 
wpwwee n Mnedi pubfefang firm, 
3» SiWarshp reopiem F9G iw 49- 
89-5703748 


SECRETARIAL 
POSITIONS AVAILABLE 


URGBtT, NTL LAW TUtM, PAHS 
based, seeks Engfcsh mother torque 
bgd secretary (fluent Frend4 tor 
itioft Tel- M2 86 57 57 


penrraent pceAon 


YOU SAW THIS AD. 


S«» * lid ri'"ir!\ half :i million w 1 1-nlt teal »‘H. 

infiiioiitiiil nml nUCMta.'Jiil rrailers. 

SlhHililn 't \ mi nilrertiie w nn t nmnnrrinl property in the 

IMTIIN I77(/.Y I/. UtJl UJl TRIBUNE? 


■BpypyqqaeyyyyqqqqqtT! 




Unique opportunity for action-minded, weD organised and 

people-oriented Top-Sales- Manager with proven 
management experience in Direct Selling. 

Your task: Consolidation and development of existing and well-i 
introduced Sales -Organisation on regional or national leve' 
in one of our European companies. 

Your partner Multi-Million American/ European Company. 
Market-Leader. Compensation scheme and social status 
reflects the particular importance of this management- 
position. i 

Applications are confidentially treated under 
Mr. H. Angeirnann, Formet 3, Gartenstrasse 11, D 33604 Bielefielrf 
L3natraaparaiaania»ra raMraa niMraa i3arai3i^iJirauaLjnoiiriiwTi3i a ai3H « 


ADMINISTRATIVE SECRETARIAL POS1TIO 


Personal Assistant 


Airline catering company, subsidiary of an international group, 
based at the Rrisw Cfarfcs de Gaulle Airport, seeks a personal 
assistant for its European management team. 

The candidate should be a native English speaker and be fluent li 
French, have a BTS secretarial degree lot equivalent! and have at 
least live years’ work experience in a similar position. 

Good knowledge of Word for Windows required. 

Please send a cover letter. CV and photograph to: 

Caterair France 
Myriam Ehrmann 
BP 20316 

95713 Roissy CDG Cedex 


■ Several years' experience, 
with comprehensive know- 
ledge of PC and Macintosh 
environment 


W Fully bilingual English/ 
French 


Worid leader In 
Teteconummr 
Services 


■ English /French shorthand 
a prerequisite 

■ Outgoing personality 

■ Well organized and willing 
to work flexible hours 
Please send your CV including 
salary requirements and 
a photo to S1TA - Ref. DM 
26. chemin de Joinville - Case 
postale 31 - 1216 COItfTRIN 
SWITZERLAND. 


exe 
secreta 



We wish to recruit a-, 
bilingual Executive 
Secretary for one of i 
Wee Presidents base 
in Geneva. 


~ 3 


<JG 

ng, 


-star 
sites 
XI 0 
*»- 
7 74 


a - 

XKZ, 

Iran 

urtft 

Teh 




3B- 

UUN 

Bora 

•136 


Sales Entrepreneur (Europe) - ^ 


9928 

3179 


S? 

x3 

it? 

LE 

JSty 


>pe, 

tsla 

A 


d 

om 


{to 

HLS 

non- 

ipafc 


A. 

■ML 

s. 


IN 

% 

MU 

0 


Pa 


a 


?a*?e 8 


THURSDAY. MAY 12, 1994 



B N 


O N 



iiiR 


£ Hcralb 


INTERNATIONAL <s» 



eribunc How Governments 


Rwarum^fiv 


I'KLIMIMI WITH Till' \|1V YIIHK HUE* I Ml TIIK WASIIlfWiTUN POST 


Enter President Mandela 


An Inclusive Spirit 


Inaugurations unite winners and lowers, 
iroclaim new eras and provide a snapshot, a 
nomen i frozen in lime for a huge audience. 


J dson Mandela's inaugural in Cape Town on 
$ J-.*1 'uesday was all of that and more. 
j> ^ uc j .More lhan a billion television viewers 
ifvf i ‘ i round the world, surely a record in this 
>fc» ^ lepartmeiu. saw him take the oath as South 
£: J n 5 Africa’s first black president. It was like being 

e ■: • .L . -I T :_.- n ln nfi.-w,* ormi 


I ; five in the time of Lincoln, whose great 
gji fcri ddress Mr. Mandela echoed in affirming that 
I 5 * Etfi oulh Africans finally had a government of. 

jS-jf n -y and for the people, 
ij* j.gj Most remarkable was the orderly way in 
i|pT ^ /hich old white political citadels fell over- 
fF I’lvS ight to new black majorities in both national 
n d provincial parliaments. Former prisoners 
Angled civilly with their erstwhile oppres- 

I iJ: ‘iiiil ?rs. and new anthems and flags became pan 
“I.; f the rites. In a striking and moving gesture. 
\kv Mandela even paused to thank the white 
4 £ : 'orders who had become his friends during 
iifbo ,s 27 years in prison, forming a bond that 
M;< j§b <r armounted the walls or apartheid, 
sjt four Speed and decisiveness were impressively 
?5>ii vident in this transition. With about i»3 per- 
fcw®* 2111 v0le - ^ r - Mandela's African N.i- 
WjL'fT'k onai Congress will he able to name about 
Jp ||gi vo- thirds of the cabinet during five years of 
Hiy fe f ational unity government. And hi.s predeccs- 
H*? i* a$ Jr and chief bargaining partner, the National 


Party leader F. W. de Klerk, now one of two 
vice presidents, gets his pro rata share, along 
with Chief Mangosmhu Bmhdezi's Inkatha 
Freedom Party, which finished third. 

Key seats have already been filled, and. as 
everywhere after elections, winners reward 
loyally as much us competence. Mr. Mandela's 
vice president and likely successor is Thabo 
Mbeki. an articulate and faithful lieutenant. At 
68. the Communist Party leader. Joe Slnvo. 
with his trademark red socks, will be minister 
of housing and welfare, a reminder that the 
Communists, led by whites, were among the 
earliest champions of black liberation. 

And continuity and experience are pro- 
mised in the National Party choices of Derek 
Keys, who will remain as finance minister. 
3nd Rnelf Meyer, the chief constitutional ne- 
gotiator. who w ill handle constitutional issues 
and provincial affairs. 

An inclusive spirit is the hallmark of J new 
government that now has to begin alleviating 
black joblessness and despair while preserving 
order and reassuring whites. Mr. Mandela s 
first moves are wholly in this spint. 

Those witnessing this extraordinary transi- 
tion have reason to share the new president’s 
most fervent wish: “Never, never, and never 
again shall it be dui this beautiful land will 
again experience the oppression of one by 
another and suffer the indignity of being the 
skunk of the world." 

— TllE .VfcH* YORK TIMES. 


IJ m il. 1 

gjj; Muse for Optimism 


5ji “e For Nelson Mandela, the journey from p>"*- 
r’ {• 1 ucal prisoner to president took four years, 
jjj | ut in that relatively short time South Africa's 
15 r 2W head of state and the outgoing president. 
Si? j . W. de Klerk, negotiated 300 years of some 
|4 s; ? f the world's grimmest history to .i peaceful 
* ose. The election of Mr. Mandela by that 
as* |!f ** junlry's first multiracial parliament sites 


y; Jj irth to a new South African Republic. It i> 
'l ' u: ! Ie day most S° ul h Africans and the world 
h* o; , ive waited for. Il is also an event for which 


K; 4' tiny South Africans gave their lives. 
fc ib ‘ The euphoria over the transition is richly 
rs— j- j iserved. Vice President Al Gore’s descrip- 
48- on of the moment as “a transition for the 
it 1 , jman race" captures the significance of what 
^ TL , is occurred. S con the honeymoon will end. 

: awever. as it must, and attention will turn 
£ ^ , om the sy mbols of governance to the basic 
• ements of public policy and what must be 
A : >ne by the coalition government of national 
' 1 ,b i lily to reconcile and reconstruct the Counirv. 


• ne nation faces daunting tasks. The partia- 
lis ; entary structure and its members are pris- 
i ie. but the problems that await them are not. 
j t South Africans must tackle a host of deep 
: • id abiding issues, ranging from double-digit 
L : lemployment and illiteracy rate> to expecta- 
>o$ of social change and improvement 
jj; t nongvhe black majority — expectations that 
3*’ ; ay be too high for any leader to achieve, let 


alone during a five-year term. And lingering 
racial animosities and polarization will not 
disappear with the transfer of power. 

Vet to hold the new govern men i to deliver- 
ing the goods to an oppressed people, and to 
overcoming decades of apartheid’s bitter lega- 
cies in the span of a few years, is to assign to 
President Mandela and the National Assem- 
bly obligations and that neither America nor 
any other nation on earth saddled with deep- 
seated racial problems has ever fulfilled. Pres- 
ident Mandela's appeal for patience should be 
heard and accepted h> South Africans and by 
the international community as well. 

The .American pledge to help the transition 
with a flow of direct aid should be promptly 
redeemed. Western nations should also re- 
spond in kind and use their influence m the 
multilateral financial institutions to ensure 
that South Africa’s re-entry into the world 
community is greeted with more than warm 
words of welcome. It will, however, be left to 
President Mandela and South Africa's politi- 
cal and business leaders to creaie the econom- 
ic and social climate that will encourage the 
foreign and domestic investments that the 
country really needs. 

Mr. Mandela said in his inaugural address. 
"There is no easy road to freedom." A nation 
that has made such breathtaking strides — in 
such little lime — has reason, despite the 
challenges, to face its future with optimism. 

— 77//: U-ASHISnTOS PVST. 


Paying Clinton^ Lawyers 


' , There really is no good solution to the 
; oblem of how to pay the legal hills that 
esident Bill Clinton will face as a result of 
! iula Jones's lawsuit and the assorted diffi- 
i I lilies created by the Whitewater controversy. 

■ | The idea of a president begging money for a 
! ; gal defense fund is not reassuring. Having 
i : des or friends doing the same is no better. It 
' i ould he wrong for Mr. Clinton’s wcll-ccn- 
i : rcted lawyers to cut their legal fees, since 
at would constitute a gift from law firms 
- ■ at do much business with the government 
‘ at Mr. Clinton leads. The law firms could let 
r. Clinton stretch cut his payments over 
ne. but that could also raise gif t problems if 

( rang were made too generous. 

. Clinton might borrow all the money he 
from a bank, hut what Ls one to make of 
icollateralized loon of an amount that 
run to well over 5>1 million’. 1 
at if the bills were paid by the Dertkvrai- 
lional Committee or by poliuca! funds 
night he left over from the 19*11 canv 
? That creates an arm’s-length rclation- 
nd uses money already donated — hut it 
s the notion that campaign contribution? 
to he used for campaign purpose*, 
ybe it would be best if j .single wealthy 
l paid the entire bill and then pledged 
ever to have anything to do with 'the 

;j Jjvernnvem. But would ht> or her promise be 

;i radible or even possible to upholu? 
f fjThe very worst idea, floated h\ '. 'me in the 
n.'hite House. i> to h.ne the ni->ne> raised 
■ » v>ough a kind of blind trust, with no diselo- urc 
i tuievcr. The notion here is that the president 
f °«uld not know where the money came Trom 
: E 't the president could almost een.unl> team 
«»e generosity had helped him out of a jam 
r -ough winks, nudges and nods. You can he 
f; t* that the puhlie would be kept in the dark. 
£ In the absence of anything close to an idejl 
J? ution. the president needs’ to figure >«ut h> «w 
•i ... minimize the problems created by an jvsk- 
;| rd situation. If a legal defense fund is set 
. it ought to be established under much 
icier rules than those currently used by 
'I ’ mbers of Congress. The size of contnbu- 
4] ns should be limited. Current law limits 
^ npajgn contribution.- t* 1 SI.oUM; the presi- 
'% u might consider an even lower limit for 


this fund, perhaps S500. h should take no 
money from poluical action commiuees. none 
from lobbyists and nothing from corporations 
or trade unions. Only individuals could give. 
Any fund-raising should be done outside the 
While House, and the fund-raisers should go 
out of their wav to diversify where the money 
comes from: a lot of checks from the execu- 
tives of a few corporations would raise large 
questions. And there should be full disclosure. 

Still: the idea of a presidential legal defense 
fund is troubling, a reminder of why some 
political systems limit the ability of individuals 
to sue sitting public officials. But Mr. Clinton 
has to pay hi" legal bills somehow. His best 
course is to be open about what he raises for 
this purpose, to exercise self-restraint in how 
he raises it and to diversify where it comes 
from so that he is not left beholden to anyone 
when this mess is finally resolved. 


THE H ASHISGTOS POST 


Other Comment 


Don't Send Marines to Haiti 


Last time the U.S. Marines marched into 
Haiti, they slaved for 19 year*. The U.S. 
occupation from July l g l3 to August KJ4 
was justified on humanitarian grounds < a mob 
had butchered the president) and to uphold 
the Monroe Doctrine While the American' 
dominated Haiti, politically and financially, 
they did litrle to endear themselves to a popu- 
lation that remained mired tn poverty Both 
countries were relieved to pjn company. 

This history should be kepi in mind as the 
Clinton administration contemplates militjry 
intervention. No doubt an international force 
spearheaded by marines w.nild make short 
W"rk of a Haitian army of 7.000 soldiers. Bui 
after the ihuggish generals now in charge are 
sent packing, the United States could find itself 
responsible for running Haiti for a long time. 

Awkward and demeaning it may be. but the 
administration should continue to try to iso- 
late H jiti’s illegal regime through multilater- 
al. non mil i tar. means while offering more 
succor t>> victims of repression. 

— The Baltimore Sun. 




Intemational Herald Tribune 

ESTABLISHED IfisT 

KATHARINE GRAHAM. ARTHUR OCHS SULZBERGER 

nwe 

RICH ARD McCLEAN. rubber ,i ChnfEuvm^ 

JOHN V| NOCU R ■ ^Brar.T c jl t tv Pnsiiae 

• WALTER WELLS. .W£fcv • SAMUEL .ABT. KATHERINE KNORRund 
CHARLES MITCHELMORE.tA'Pio EJuon* CARL GEVMRTZ .-Ukvk:l- EJsr-r 

■ ROBERT J. DONAHUE. Easier, nm- EJ*. -nji Aww • JON ATH AN GAGE. Dun'int iat J Funner fUL&r 

• RENE BONDY. Lkpun- AM«* JAMES MeLEOD. . V&trdnK Duta »- 

•JUANITA I.CASPARL hsennukva! vxPinaiv • ROBERT FARRE.GfCnftai« Dsr.-J*. Esc m- 

LKn lTli«/ Jr uj Puftioiruin. Ru ikinJO S&vn'ri 
Ti'Cctcur Aj;. kic iA~ u. PubUeaibn. Kisiuruu-P Item** 


Iracnatioail HaukJ Tribcnc !M Avenue CbarlcytloGiailla 92521 N’cuillv-^ir-iwine.Ran«. 
TcL : 1 1 1 «u». .9.i TO Fa* Cue. 1*551: Adv _ J*j J7*Z 1 1 Inicmct'tHT^ art>knm.ie 


ctir jir. -tfla- Rurarltr. e Cxefovy Ri. {$;; 7,! ir'i fe- i^fi 2T4-2JM 

tr. f . Dir. A*, SWD '"tT^cn.- ft L Tel W"-!l «. fe- «4Cr.f,Nft 


N EW YORK —The genocide in Rwanda 
began on April 6. when extremist Hums 


IN began on April 6. when extremist Huius 
used the dpath of President Juvenal Hahyari- 
mana as a pretext For slaughtering members 
of the Tutsi minority. Five weeks and 2UG.UU0 
lives later, the killing goes on. 

Governments hesitate to eaJI the horror by 
its name, for that would oblige them to act. 
Signatories to the Convention for the Preven- 
tion of Genocide, including the United States, 
are legally bound to “prevent and punish it. 

Whether they call il genocide or not. gov- 
ernments around the world must pledge nev- 
er to aid a regime built on the bodies of 
200.000 unarmed civilians. 

In the pasL donor nations and the World 
Bank, have acted jointly in Rwanda, and t hey 
must act together now. with the United 
States leading the way. President Bill Clin- 
ton should begin by appealing for a firm, 
public declaration from the World Bank and 
from other heads of state. 

The statement would cost nothing and 
could do much to undermine the Rwandan 
extremists. Moderates exist in the military- 
and political structures, but they- have re- 


Bv Alison Des Forges 


mined quiet, panlv because they are intimi- 
dated bv the highly organized although less 
numerous extremists, partly because many of 
them expect to benefit if the extremists win. 

If they knew that the extremists were bound 
to fail — and any government in a counuy as 
poor as Rwanda must fail if refused all inter- 
national aid — they would begin to dissociate 
themselves from the extremists. 

The White House has called on Rwandan 
military leaders to do all in Lheir power to «bnd 
the slaughter, but it needs to do more. Public 
appeals should be made to the head of the 
radio station that broadcasts daily incite- 
ments to genocide, and ro the heads of the two 
parties that sponsor the murderous militia. 

Naming the names of people who can stop 
the killing mav not influence those with the 
bloodiest hands, but il would deter others 
who do not want this kind of notoriety. 

President Clinton should make a special 
appeal to President Francois Mitterrand of 
France, who was a staunch supporter of the 


Habyarimana government, to demand that 
the killing stop. 

Representatives of the sdf-prodaimed gov- 
ernment are making the rounds of foreign 
capitals seeking support. The United States 
and Belgium have denied their visa applica- 
tions. but France and Egypt have received 
them. The United States should tuge other 
governments to deny them admission and 
refuse them a hearing al the United Nations. 

Unfortunately, the situation cannot be 
turned around at so little cost. The United 
States needs to lake the lead in returning a 
significant United Nations force to Rwanda. 
These troops would go not to intervene be- 
tween the combatants but to save civilians 
from militia attack, starvation and disease. 
They wouid create safe havens for noncom- 
batants. and corridors to let supplies in and 
endangered civilians out 

Human rights monitors could take up posts 
in regions where civilians have been massa- 
cred. With such encouragement, Rwandans 
could return home to tend their crops, avoid- 
ing dependence on foreign food help. 

Of course, there is no guarantee that LHN 


• nV 

troops would be safe from attack. Botconsjd-J 
ering the sdf-proctaimfid government" s streo-;^ ^ 

uous efforts to win international approval, •’ 

seems unlikely that h would attack -a . -« 

force. And the rebels appear to he . 

flrrpnt a force that would protect civiliazis a ntal p v . • '• 


lit'"' 


+ •»*■■** 


accept a force that would protect civilians ;. c . 

assure the delivery of humanitarian semca&j.M'T.r. *■ 
More important, against the possibi%t«^ ‘L *•- 
harm to professional soldiers must, bfcl'c*--: -■ - 
weighed the certainty of death for defense*?^ • ■ ;1 
less civilians, many- of them .women aait^'L 
children, if the force is not deployed. 

Secretary-General Bums Burns Ghali haffjt £ ' 
caBed on the Security Council to authorize ur l<~ . : sr 
increase in UN troops and has asked Africanist’ 
nations to volunteer to send soldiers. : if^v-' , 
enough African troops are found, as seentf? _• 
likdy, the United States and od»r nations? 
should pay the mission's cost. • . • , ■ \ i L v--’ ■ 
Can they do anything less in the Face of Jr;-;. ; 
genocide, no matter what name they give .. , = 

The writer, a historian who specialties 
Rwanda and Burundi and a -consultant to . 

man Rights Watch/ Africa, contributed .tkaJr,j£Z :m 
comment to The New York Tunes. ts*_ ' . 




• - ^ 


Q uins y North Korea Could Stumble Into a War It Doesn t Wi 


i*-v- 


W ASHINGTON — Bill Clin- 
ton’s advisers believe that 


w ton’s advisers believe that 
North Korea will probably deal at 
the brink rather than defy the world 
over nuclear weapons. But that be- 
lief is dwindling, and serious consid- 
eration must now be given to how 
America would prepare for and fight 
a second Korean War. 

That is the mood I detected in 
recent conversations on Korea with 
three of the president's six most se- 
nior national security officials. Secre- 
tary of Defense William Perry •'aid 
that "within the next few weeks'* 
there will either be a serious negotia- 
tion under wav with North Korea “or 
we will be gouig off on the sanctions 
route" that North Korea says will 
constitute an act of war. 

From these conversations emerges 
a historical oddity on the scale of 
Richard Nixon going to China and 
Charles de Gaulle freeing Algeria. 
Senior U.S. policymakers fed that 
there is a better chance of resolving 
this crisis peacefully if Kim I! Sung. 
82 and reportedly ailing, remains 
alive and well in Pyongyang. 

The world's last Stalinist dictator is 


By Jim Hoagland 


what diplomats call "a factor of sta- 
bility." Mr. Kim’s son and heir ap- 
parent. Kim Jong IL is portrayed by 
U.S. intelligence as mentally unsta- 
ble. The elder Kims disappearance 
would either leave a psychopath in 
control of a potential nuclear-weap- 
on state or provoke a power struggle 
to prevent that outcome. 


by promising the carrot of better rela- 
tions or the slick of economic sanc- 
tions to get North Korea to abandon 
its nuclear ambitions. 

A turning point ia that effort ar- 
rived when North Korea announced 
that it would shut down its main 
nuclear power reactor sometime this 
month and start removing its spent 


Mr. Perrv outs it clearly and on the fuel rods without allowing meaning- 


record. a- i? his custom: 

“There could be a cataclysm if the 
regime lasht. out to preserve an em- 
bryonic dynasty. Even if the succes- 
sion problem is settled, the economic 
situation in North Korea is so deplor- 
able that there could be a popular 
revolt. The regime's control has been 
so complete that there is a general awe 
for Kim II Sung. In his absence there 
could well be an internal revolt." 

The Cl A told President Clinton 
last autumn that North Korea had 
probably reprocessed and hidden 
away enough plutonium during the 
Bush administration to manufacture 
one or two nuclear bombs. The presi- 
dent adopted a policy of containment 


ful international inspection of what 
will happen to those rods. 

As Mr. Perry noted, within the 
next few weeks’ it should be dear if 
North Korea has begun to stash away 
enough plutonium to build five or six 
new nuclear bombs in the next two 
years. That development would trig- 
ger an American push for a sanctions 
vote in the LIN Security Council. 

“And when that happens we will 
have to take seriously the risk of 
war.” Mr. Perry savs. “You cannot 
ignore the North Korean statement 
that they view invoking sanctions as 
equivalent to declaring war. If we go 
to sanctions, we have to go to in- 
creased readiness” to face a North 


Korean conventional attack on South 
Korea and the 37,000 American 
troops stationed there. 

Mr. Perry made dear that be has 
spent much of his first three months 
in office reviewing “very, very de- 
tailed contingency plans” for re- 
sponding to North Korean belliger- 
ency after sanctions are voted. One of 
his first steps would probably be to 
reduce the “tether” of U.S. aircraft 
carriers — the rime they need to be 
ready to leave port and head into 
action — from one week to 48 hours. 
At the same lime he would start des- 
ignating air squadrons to be ready to 
move to South Korea rat short notice. 

Further along he would increase 
the munitions and other supplies po- 
sitioned in South Korea and Japan. 
“That’s expensive, though,” he said. 
“You don't want to do that until you 
need iL” Only if war seemed immi- 
nent would he send another divirion 
of American troops into the theater. 
“Doing that in the early stages would 
seem to be a provocative action, to 
the North Koreans.” 

Another senior American official, 
voicing desperate optimism, gave 


this reason for hoping for a 
the brink: u Kim 11 Sung-h 




army rescued by the Chinese ia 4 
I95(k He knows what it ts J3c£j 
have your troops whipped by j 
American military.” . . 

The North Koreans may betiys 
to extract economic bdp, diploma! 
recognition and the withdrawal 


U.S. troops from South Korea.! 
gigantic deal. If so, that wOL ie 


gigantic deal. If so, that wOklajeV 3 '*" 
President Clinton with tougjrj^^ 
manageable choices to make, 

There is a more grim but jusiif ^ 
likely outcome: the North • 

may want such a deal but may notjl:: - r 
able to negotiate or close it Thq _ 

country has been sealed off from Sfe- — ' 
outride world for half a cewujT| 

Their leadership is unsteady and-tij 
leaguered. Their diplomats’are. - 

some exceptions, unskilled. ... . , 

War by miscalculation can bejmkluJtf 
as deadly as war by evil design. W 
United States cannot ignore 
prospect that North Korea will go 
the brink and step right over it. Tha” j-'*’ 

Mr. Clinton will have only 0092' v ■ 
choice: to fight. . 

The Washington Post. S 

. if--- : - ' - 


fi. - 


. V.- - T«r=^ 


. ;i .Sf lJt 


V »:•.=■•• 

1 


The World Needs South Africans to Bring Off Their Exploit 


• -.-4 - 


P ARIS — The transfer of power from 
white ic> black in South Africa has taken 


1 white ic> black in South Africa has taken 
place with preternatural restraint and good- 
will. This may equally be taken as the heM of 
omens for the future, or as a moral summit 
from which there can only be descent. 

Certainly South Africa’ has the astounding 
good fortune to have seen the encounter of 
two great men. capable of negotiating the 
peaceful liquidation of a situation both un- 
just and unsustainable. 

F. W. de Klerk understood that the South 
Africa of apartheid and repression hud 
reached the end not onlv of its historical 


Bv William Pfaff 


singular courage to act upon this recognition. 
Now the deed is done, the nonracial de- 


rationale but of its political possibilities. In 
this respect he was like another man whose 


this respect he was like another man whose 
merits arc temporarily obscured but who will 
eventually be recognized as a major figure of 
his period. Mikhail Gorbachev, who in the 
1980s had the courage to act upon the evident 
truth that the Soviet system was intellectually 
and politically bankrupt, and that the Soviet 
Union could not go on as it was. 

President dc Klerk understood that this 
was equally true of South Africa, a democrat- 
ic white society superimposed upon a disen- 
franchised black society, bv whose labor the 
while society prospered. He. too. had the 


mocracy founded and ratified by the election 
to its presidency of another man of astound- 
ing qualities. Nelson Mandela, who emerged 
from 28 years of persecution and imprison- 
ment with a restraint, a forgiveness, a lack of 
vindictiveness and a political sensitivity that 
have few parallels in contemporary politics. 

He and Mr. de Klerk are men not only made 
for one another, but together made for the 
future of an Africa badly in need of wisdom 
and restraint, and — to use a vocabulary out of 
contemporary fashion — of spiritual virion. 

Not only South Africa is in their debt 
today. Mira itself, awakened from its an- 
cient history by European imperialism, its 
own social institutions and continuity de- 
stroyed by j colonialism that lasted for less 
lhan three generations, now is increasingly a 
devastated social terrain, desperately in need 
of a demonstration that its society can be 
reconstituted and can progress on a new ba- 
sis. with both racial justice and representa- 
tive political systems capable of defending 


individual rights. Can this example be pro- 
vided by the new South Africa? 

There are enormous obstacles. It may be a 
great mistake that South Africa has chosen a 
constitutional structure of centralized pow- 
er. Decentralization, a systematic federal- 
ism. could have not only defended tribal, 
racial and regional interests but provided a 
structural barrier to the tyranny of the ma- 
jority. which in the South .African case is 
obviously a serious danger to the future of 
democracy. On the other hand, it could have 
meant a crippling factionalism. 

Multiracialism is an admirable goal and 
convenient slogan, but in a country that 
throughout its history has defined individuals 
in terms of tribal or racial identity, multira- 
rialism is not a political and social condition 
that is going to be achieved in any simple way, 
even if goodwill is present and prevails. 

In the atmosphere of celebration and opti- 
mism surrounding the Mandela government’s 
installation this week, the darker possibilities 
in South Africa’s future have been pushed 
aside. The political unsophistication of the 
mass of its voters, the feats of its black tribal 
minorities as well as of the white and mixed- 
race populations, the possibilities of capital 


flight and accelerated emigration by while - ' 

managerial and professional classes are all ™ . . . 
serious threats to the future and to peace. : 

The same worries existed in 1979 in what ' “V' ' 
then was white-ruled Rhodesia and now fc . ^ - - ■ 
Zimbabwe. Events have proved them wrong “ - - 
there. But a good many other former colo- 
nies in Africa have suffered vast and sanpu-j ■ ri , 
nary tragedies, the complexities and scale' 
of which deter international intervention. ' 

Rwanda, Liberia, Somalia. Sudan, Angola r . 

are contemporary examples. ; ti . c . . • 

South Africa is different because it is a ridfT . L *■ 
and sophisticated economy and society, with' . 
an able and urbanized black middle class and ' ' 
proven leaders. It nonetheless is vulnerable. If.. ’ ’ “ ’ 
it proves a success, that success could change ;' > .. 
the course of much else in Africa. N-.._ 

A success could even convey a lesson to the ’ . 

United States, where the political as well as ... ... 
human relations of blacks with whites today • 2, "r _ 
seem to be worsening rather lhan improving; w “ ‘ - 
And if South Africa fails, that failure wfll 
have immense repercussions for the relations -i 2”. '. - 
of races elsewhere, an issue central to human- 2 . ;• : ' r ' 
it/s prospects in the 21st century. £ :V - - 

International Herald Tribune ‘ 

Los Angeles Times Syndicate. - - ' — 


■■ 

r 

->A 


’ I r 


..... 


Showdown in Yemen: Two Big Egos at War Over Power and Oft 


"fr- : 


w 

Vi 


N ICOSIA — Experts on Yemen 
sav the North-South battle is in 


i “ say the North-South battle is in 
essence a clash of two very large 
egos. Ali Abdullah Saleh and Ali 


By John K. Cooley 


Salem Baid appear willing to submit 
the 1 1 or 12 million Northerners and 


the 1 1 or 12 million Northerners and 
the 2 to 3 million Southerners to the 
full force of the various regular 
armed forces and tribal militias that 
each controls, for the sake of taking 
or keeping power. 

Mr. Baid. the Southern leader and 
vice president of erstwhile united Ye- 
men. was strong and lucky enough to 


survive purges of the ruling Yemen 
Socialist Party in the South's old 
“Cuban” days. Afier a bloodbath 
during iniemeeine quarrels in 1986 
that led to departure of the Soviets, 
he emerged as the party's chief. 

If. as appears. Ihese two men are 
determined lo fight to the last Yeme- 
ni- neither the .Arab League, the Link- 
ed Nations nor anyone else may be 
able to halt the carnage in southwest- 
ern Arabia. President Bill Clinton 


and other Western leaders are proba- 
bly well advised lo try nothing be- 
yond persistent but paceful media- 
tion. and the protection of their 
nationals and interests. 

Politics, oil and the personal egos 
of the contending leaders make it 
unlikely that either voluntary unity, 
as dreamed about and attempted tn 
the past, or unity imposed by force of 
arms in the future could ever work. 

Unity in 1990 was not forced. The 


A Post-Cold War Democracy Turned Mirage 


P ERTH. Australia — Old feuds 
between the rulers of a lone di- 
vided countrv. aggravated by Saudi 
suspicions of Western-style democra- 
cy. tie behind the outbreak of civil 
war in Yemen. With the fighting, pro- 
gress toward reconciliation and polit- 
ical unity has turned out to be lillle 
more lhan a desert mirage. 

Almost exactly a year ago. the for- 
mer Yemen stales had the first demo- 
cratic election on the Arabian Penin- 
sula. Under international guidance. 
Northerners and Southerners, for- 
mally united in T?90, elected a na- 
tional consultative assembly nf 301 
members, including women, chosen 
by vome 2.7 million voters, among 
them half j million women. Oil and 
tourism held out some promise of .1 
soundly based economic future. 

But recent history has conspired 
against a siahlc regime in Yemen. 

After the British left in the late 
1960s a Marxist regime founded the 
People’s Democratic Republic of 
South Yemen. With direct aid from 
the Soviet Union and East Germany, 
peace wao imposed on the tribes, land 
way collectivized and vast sums were 
spent by the new country's mentors 
on roads. Aden became a Soviet base 
bui lost it;, role as one of the busies! 
entrepot centers in the world. 

So South Yemen sank into ohscuri- 
dependent on foreign aid from the 
fcistera bloc, which trained the rnili- 


By Michael A. Crouch 


leh's General People’s Congress, 
with its stronghold in the North. 


— — mm 

lory and provided almost all the re- 
sources for a satellite 


SOurc ^i.‘ or * Communist 

state. The South fought two border 
wars with ihc conservative, anii- 
Communist North. Both countries 


underwent bloody changes of lead- 
ership. Prospects for unity seemed 
utterly remote. 

But the collapse of the Soviet 
Union forced South Yemen to look 
elsewhere for help. The North was 
chosen, partly because of a pressing 
need for each side lo agree on how 
bc-i to exploit oil reserves being dis- 
covered in areas claimed by both. The 
North and Lhe South also had a com- 
mon interest in resolving outstanding 
questions of frontier demarcation 
with ihe Saudis. 

In laic 1989 the border between the 
iwo Yemen* wax demilitarized, cur- 
reruies were made interchangeable, 
free enterprise was allowed in the 
socialist South and political parties in 
the North. The united Republic or 
Yemen was declared in May 1990. 
There was some opposition, mainly 
from religious groups demanding 
that Islam be the sole source of legis- 
lation. but this did not upset the uni- 
fication process. 

The main impediment arose from 
the Gulf War and Yemen’s reluc- 
tance to side with Kuwait. Saudi Ara- 
bia. the United States and their allies 
against Iraq. As a result, the Saudis 
expelled Yemeni guest workers en 
masse, cutting Yemen's foreign ex- 
change earnings, increasing unem- 
ployment and displaying the ill will 
of an influential neighbor. 

In the meantime. Yemeni politics 
coalesced but failed lo produce a base 
for future stability. Alt Abdullah Sa- 


emerged as the leading party in the 
1993 elections, and Colonel Saleh 
became the country’s president. 

The South's Yemen Socialist Par- 
ly came in second, and its leader, Ali 
Salem Baid. became vice president. 
Militant Islamic fundamentalists, re- 
presenting conservative tribal inter- 
ests and backed by Saudi money, 
were in third place.' It was an align- 
ment of political forces that led to 
the present disaster. 

As president. Colonel Saleh at- 
tempted to form a coalition with the 
Yemen Socialist Party. Bui the South 
suspected that he was intent on tak- 
ing over Lhe whole country. Vux 
President Baid favored a loose feder- 
al structure, principally to protect the 
South's increasing oil reserves. 

Relations deteriorated rapidly in 
recent months. The vice president re- 
tired in anger to Aden and refused to 
cooperate with the president in San’a. 
The armies of the North and South 
remained separate entities. Despite 
at tempts by Oman and Jordan to 


governments and the ruling parties in 
North and South had long paid it lip 
service in charters, constitutions and 
rhetorical proclamations. 

Oil first held out the prospect of a 
better life for the most impoverished 
of the Arab peoples in 1984. Signifi- 
cant reserves discovered in the 
North’s Ma'rib region, near the bor- 
der with Saudi Arabia and South 
Yemen, have been slowly but pro- 
gressively developed. 

Todays production, by Western 
companies like Hunt Oil and Cana- 
dian Occidental, has reached a mod- 
est 350,000 barrels a day. There are 
far greater reserves, h appears, of 
natural gas. Enron, a U.S. firm, and 
a U.S.-South Korean consortium of 
Hunt. Exxon and Yukong are espe- 
cially interested in gas. 

Soviet firms had exclusive oil ex- 
ploration rights to the Shabwah area 
of central Yemen, After unification 
of North and South in 1990, it was 
divided into concessions to major 
companies like BP. Chevron and 
Shell, plus independents. Drilling has 
been slow to bring results, and some 


companies have moved eastward, 
deeper into South Yemen territory." : 

Like Mr. Baid. the oil minister d 
tbe unified government. Saleh Abu 
Bakr Husaymm. is a native of South 
Yemen who has shown himself . anx- 
ious 10 keep the South's energy riches 
out of Northern hands. Perhaps for 
this reason, President Said) disr 
missed him soon after fighting begao 
with air and missile strikes 00 Sort 
and Aden last Thursday. 

Restraint was shown about attack-, 
ing oil installations in Yemen’s previ- 
ous civil conflicts, but this time cwf 
of the first targets of the North’s, 
fighter-bombers, according to Euro- 
peans evacuated from Aden, was 


rV . 4“ 

^kojiic ,.- r . 
,J *iCfcF. ••• ’ 








hi, 1 "" •■‘=0. 

in I.-.;,- -. . 


• J “Movu- _ 


>Vi Jr r =- 

-Vp- ■ 


• " f. 

'*« ■- 'a.'*’' 
i'KvJ 

’ "J .' ; ,-A * 

- 


Aden’s big oil refinery. 
President Saleh. Wei 


President Saleh. Wesiern sources 
say. may have some Iraqi military 
aid. such as combat pilots, right now 
— something likely further to alien- 
ate Saudi Arabia’s' King Fahd. 


fe- 

V- ¥**■«■: 


* V't jL 
' -.MiXt-i 


Z Fm* 


; ■ pn 


The writer, an ABC iVens correspap 
dent based in Cyprus specializing in the 
Middle East, contributed this comment 
to the International Herald Tribune. 


IN OUR PAGES: 100, 75 AND 50 YEARS AGO 


1894: Press Is Punished 


bring ihe two sides together, sporadic 
military clashes escalated into full- 
scale warfare last week. 

Yemen has rqomed the ranks of 
many other Arab states unable to rise 
above internal schisms and jealousies. 


PARIS — The legal authorities in 
Berlin are rather hard upon the press 
for having stated, nearly a month 
since, that the police had brutally 
a Hacked persons engaged in making 
a demonstration. Sentences varying 
from three months' imprisonment to 
fines of 150 marks have been passed 
on ten of the editors of the leading 
newspapers, though evidence was pro- 
duced to prove that the statements 
published were strictly true. Never be- 
fore has such contempt been shown 
for the press and its representatives. 


can look forward to a brand new 
bunch of performers who have been 
taken out of the ranks, trained 
and sent throughout Germany anu 
France as entertainers for soldiers, 
and it is amazing how much latent 
talent was brought to the surface 
when the soldiers were allowed to 
show the sluff that is in them- The 
army papers have carried the poetry 
written from the heart by boys 
expressed their emotions in rhyme- 


,^JLR[ik;e 

S: ft*.' ... 




r-i. 


1944: Battered Westvfall 


. 'Aid; 


'd'V i "aftii.-. 

' ». f 


1919: ThespianSoldiers 


The writer, a former British political 
officer m * hat is now Yemen, is author 
of "An Element of Luck , " an account of 
the last decade of British rule in South 
Arabia. He contributed this comment to 
the International Herald Tribune. 


PARIS — The American doughbov 
will carry back many of his European 
impressions and they are certain to 
become part of American life. What 
he learned of the French language 
will be pan of his American speech 
when he goes home. He will intro- 
duce a new line of humor and many- 
new songs. American theatre crowds 


LONDON — [From our New 1 ort 
edition:] Hiller’s Westwall. along the 
French side of the English Chann®; 
designed to stave off the coming Alw»> 
invasion, is undoubtedly a tough pro' 
osition. It doesn't look tough, though 
It looks astonishing! v and almost 
appointingly peaceful, despite dw 
presence of hundreds of scars which 
show that weapons the Nazis had 
assembled along the “invasion coast 
do not exist any more and others 
have been battered by Allied booths^ 


".’tree b 

's-CCr, - Y 

-v.-cr. ” ^ 


■ K 4 * 




r 




* * 



1 INTERNATIONAL HERALD TRIBUNE. THURSDAY. MAY 12, 199+ 


^HBehind Clinton’s Thunder, 


OPINION 


'from jUa C L. r. 

gPver^:.^, 

fJBr^wawicmaiio' “C:- 

e^ltet a would 


^«Ppcar 


u TT ~ ° A «unaei 

™ No Bosnia Policy 

D..n. n . » 


that the 




^r^'SiSSatKs sfeiaaK 

SKbSS* 15 * 

1 lodefto rwi,L ibe Sarajevo mm.* n J^" s .- vanous pronounce- 


- , iS MATO lo exn»nd ,K P vc,n a«iminisiraUon's vai 

■ anything lo N ;r ... •odef to Gorazde and o(K be ^ a ^ ev ° raCEIts and initiatives are nnt < ’ tZ* 

Wtauttnan . - Sud or that ihl i T5L t ? e « presid . ent tended to DflMfrl nr n>fiirH'ich .1— 


:iUuonan 
•' and j 
„ .-.-.-to' Africa 

*&hii : Xe* 1'orifc 


IntiS ° r ^e S uS l uS e sSS d h^ 


Ons, would indica X “ e r mied Na - 
Jjte the con^f^ *** *“* change — 

■eSdSt SlJn^h; CODfcreacc ’ «« 

'race to a conUnue d ad- 

„ mkruptcynf hit Rnl^ 1 urK * a ^ es the 


p^PjV. -*■-'’ 

’ ' i*fe leasee .^. 
ihebrmk -k t 
^V'*DW : j&cceJ f”. 

5? Htf AtlVW •. 

7T.- lrt> ■ 

ti^Saerfean trslitj- 


ill^t Po^Minev 

3 ^of d ^^ 0 ^-fP®? tional tmplica- 

V tanged remam un " 

^ ™ Sh. ■ For he «fi»d lo 

’ L 'SSgraO^ ^^gic 

'- miedtL'tirXi .“^..the reluctant and 


Mr. Clio ton and his advisers have 
diaovered that whenever Serbian bru- 
^hty reaches a level Lhat outrages 
/ynencan opinion and focuses public 
attention on his adminisLnition’s indif- 
rerence or ineptitude, all that is needed 
to diffuse that outrage is for him to 
announce his intention to propose more 
muscular action to the NATO allies He 
d °e? not actually need to do anything. 

Nothing illustrates more distressinSv 
the administration’s lack of policy and 
perspective in Bosnia than its argument 
against a unilateral lifting of theanns 

Pmhflrno fltfti L.<. j ■ i -i _ 



Is It Wrong for Us to We 
For Bridges and Building 




By Amy E. Schwartz 


people 
l a con- 

- - - r - -■“■> ways. Is it wrong 
to weep for buildings? It is a question 
that comes up when you talk about Bos- 
nia. Amir Pasic, an architeciuie profes- 
sor who made his reputation by recon- 
structing the subsequently destroyed 
city of Moslar. came dose to answering 


European Comm unity preserva 
servers; the Hague Convention 
it offers a framework for re$} 
commanders, is of Hide use in 
creasingly common situation v> us 
attacker wishes specifically tow * 
the other side's cultural identity] 

When protection fails, the w A hi 


MEANWHILE 


answer is rebuilding. As Mr. F 
tine roe 


i&H 


■•..n;. - — — uvw. 7 — ■ — — “*““6 me arms 

JiXbt Sor.fl k .- .. “ was Ihus quite predictable that the SSH° ^ ^ denied **« B^ao 

p extract ecv';,. ■_ ■■■■ wly promised Hexing ofNATOmul! “7J Ict ^f ns session — the 

be ■J2E ^S£ Clin- 


^SSSSr* ' A r‘- '■ s wcwld nnt iv» caun ® - or r* iJJ raus- abil 

?■- ~ a f sSWiSsinssa s- 



• ;^J ne ffeCtlVe. . “ r - — uni uuiua 

- ^creis something obscene ahnm ^51 ,nv °* e t ° violate UN resolutions. 

.lmmi ltra u on '.SS^S^ M<S^H eml r sDof,ra< '- 

'... - : ^ so mething decisive about S S J1?S 


— 0IM.U IIWIIUU WUUJU 

a dangerous precedtmi that others 


kjp- ^Thwe u _ ... 

■^«»K'8SwwJ --Y/i. 

» --wy-v.. 


«esomeihing decisive abomSeS ihe^ ^S tiODaJ ejtper ^ agfee thjit 
messinn m (•■«: — - i « . | tJN embargo on arms shipments lo 

the former j * _ _ , 


“wwjiyc tuxHii aero 

' F^,h° m J Sara J CV0 and Gorazde. 

«- ■ “^““Stratton acted only 
er Sarajevo and Gorazde were pul- 
• nzect ’ and after thousands of civil- 


7 , " arms snip mails to 

the fqmKr V ugoslavia does not apply to 
Bosnia, for a variety of compelling rea- 
rons. But even if we were lo assume that 
the embargo did apply, countries that 



awnoi distinguish between “violating” 
a UN embargo to prevent genocide and 
violating a UN embargo to reward per- 
petrators of genocide, such as in the case 
a ij 8 ^; should not be setting the stan- 
dards for international behavior It is 
absurd to suggest that such countries 
will not do what they wish to do even in 
the absence of such “precedents." 

To avoid a bad precedent, does Mr. 
Oimon want to allow the Serbs to com- 
plete their “ethnic cleansing” of Bosnian 
Muslims? Which precedent is likely to be 
more dangerous: international indiffer- 
ence to the destruction of a UN member 
slate, or violation of a UN embargo for 
the most compelling of humanitarian and 
strategic reasons? Such thinking exposes 
the administration's lack of a political 
and moral compass in foreign policy. 


Mr. Clinton misreads American opin- 
ion on Bosnia as completely as be has 
misread America’s stake in the outcome 
of this war. There is never an over- 
whelming public outcry for American 
entry into a war abroad! Public opinion 
was opposed even to America's entry 
mlo World War II; it took President 
Roosevelt’s leadership to get ihe Ameri- 
can people behind a U.S. aMe in that 
war. But having seen the gruesome re- 
sults of Serbian atrocities on their televi- 
sion screens, Americans today are about 
as prepared for military intervention 
abroad as any American public has ever 
teen- Clear and courageous leadership 
by the president is all that is needed lo 
mobilize that potential support. 
41 H ^| D g no foreign policy of his own. 
Mr. Clinton has abdicated his role to the 


military. That situation should scare the 
American people half to death. Ameri- 
can generals are no doubt dedicated, 
courageous and patriotic, but the formu- 
lation of policy is tile responsibility of 
the president and his secretary of state. 

In Bosnia, America should use air 
power in a punishing manner, hitting all 
direct and indirect major Serbian tar- 
gets, including targets in Serbia itself. 
And the United States and its allies 
should undertake a massive supplying or 
arms to Bosnia’s Muslims. 


The writer, a visiting senior fellow on 
the Middle East at the Council on Foreign 
Relations, is the former executive director 
of the American Jewish Congress. He 
contributed this comment to the Interna- 
tional Herald Tribune. 


T‘, 


WSKitt TT.:--. 
ai _ 

ST? :• 

:Ct*r:cc. 

wBKtt;<. i •••*“ «- 

fsW*';:--. 



-urds Under Attack 




The letter from Bernard Kouchner 
id Bernard Dorin rAn Appeal to Tur- 
y. Letters, March 18) elicited many 
spouses by Turks, which you gener- 
■sly published. 

Those responses echoed the usual 




the army in the destruction of Kurdish 
villages, the massacre of civilians, the 
assassination of Kurdish journalists and 
independent intellectuals, and other 
atrocities such as torture. 

Turkey holds thousands of Kurdish 
political prisoners, arrested for their 
opinions or for suspected "sympathy" 

til If K ll, A «... III- A “ ‘ . - 


LETTERS TO THE EDITOR 


it the other day when, after showing 
slides of the 400-year-old Mosiar Bridge 
ratiing m chunks, he quoted ihe reaction 
of a Croatian journalist. 

Why do we feel more pain looking at 

the image or the destroyed bridge than 
the unage of the massacred people?" 
wrote Ksenija Drakulic. who is based in 
Zagreb. "Perhaps because we see our 
own mortality in the collapse of the 
bndge ... We expect people to die; we 
count on our own lives to end. The 
destruction of a monument to rivUiza- 
uon is something else. The bridge, in all 
its beauty and grace, was built to outlive 
us; it was an attempt to grasp eternity. It 
transcended our individual destiny * 
What options are there for the p'roieo- 
lors of important cultural monuments, 
like Mostar or the shelled city of Du- 
brovnik? The United States is expected 
this month to sign, finally, the 40-year- 
old Hague Convention on the Protection 
of Cultural Property in Wartime, which 
maps out the responsibilities of attack- 
ing commanders to be aware of safe- 
guarded sites and to avoid unnecessary 
cultural destruction. Meanwhile, a 
under UN auspices is weighing whether 
the destruction of Dubrovnik in Croatia 
can be prosecuted as a war crime. 

Both strategies have severe Hmi rations. 
Dubrovnik was destroyed before the eyes 
of two specially dispatched Unesco and 


gues, recreating roe buildin 
knowledge that an invadinj 
thought it had destroyed “is at 
way of denying victoiy to the for 

caused the destruction." 

Andras Riedlmaya, a Harvard j +u.3f 
ographer affiliated, like Mr. Pas, e ^ 


Chun 

+0R 

+05f 


ir- 

es 

ay 

■re 


the wmld-renowncd Aga Khan f re — — 

for Islamic arghi t w fl qy lalkaH at 

numiunim « -L. n nn 


es 

a- 

°g 


symposium in Washington abouDQ- 0.33 
by the apparent victras to create n . Trip 

past,” one that would bolster tlu^ L _ 

of such leaders as Slobodan M ^p-Bt 
that different groups cannot coh^o 33 
Tnis is, <rf couise. the view you q e r 7 rE^ 
by destroying literal bridges {ihe Z™ 5 ? 
masterpiece linked the Muslir“-0.01 

Christian sides of town) or by bun J 

milKon vnlimwv .-J i Ll — I — 


SO 

de 


of 

ty 


7 ; — ■ ""U| U 1 UJ UUII 

nurnon volumes of national archr.i - 

KiCr DiA^lmaiM. !• L-- J‘_ * a 0<26 


Mr. Riedlmayer is hea ding uftii 
peraidy quixotic rescue effort lji 1 T »’-« 
heap of ashes that was the 
library — not of the books then: 
but of the information that iL 
Ty luck, there are - 


them. By iuck, mere are cor 
lies of the catalogue. Every I.. 

llA 0VAC lnm«Avf -i-.’ Hi 


scholar who ever visited and copi m r , ,,f 
pan of the collection, every instil nillie 
that microfilmed the materials, if n ' 
asked to contribute copies. DC 
Mr. Pasic, for his part, has beei irT 11 K 
cling the world insisting that -S ’ ICSNtf 
stone" of the Mostar bridge was m e . f 
during his seven-year reconstiucti “’•m: 
fori, which means that immediate 01 ^ nj" 
plete reconstruction is both possib^ -'err 
desperately necessary. Thoug a,f 

dream is rendered distant by th^ * 
' J i: ^ra- 


— uuuuu uy ui 

prospects for any kin d of pluralist 

cmiImmi U. n — ‘ 1 .. 


,;d u L 


am 


earth policy and reign of terror, which is 
ided to depo ' ' ” ” 



i»fAHises ecnoea tne usual 

^ ^ e f ldeDCe to the are many journalists, writers. 2-S 

“riy »fa* £ 


' « * 1 / *» ----- -- «/ a nuquuu vi uaror- 

I J toil ***** Turks^ as Jot their govern- 


. J _ ...gu v> H.1IVI, nuiui U 

intended to depopulate Kurdistan, deci- 
mate the Kurdish elite and drive the 
Kurds from their homeland. 

KENDAL NEZAN. 

Paris. 

The writer is president of the Kurdish 
Institute of Paris. 

Pericles Revisited 


— - - -••-l « *vi UlUi ^UVCIU- 

at, there is no Kurdish problem in 
ukey and no war in Kurdistan -—just 
there was never an Armenian ynpeide. 
But the testimony of independent hu- 
uiriari an organizations such as Am. 

, sty International and Helsinki Watch, 
well as of German and Belgian pariia- 
Mtarians, unequivocally implicates 


parliamentaiy deputies. 
Turks stubbe 


While Turks stubbornly pursue an os- 

■toK mIU., .v* jj . 


trich policy, the wmid fares a terrible 
ar m Turkish" 


war in Turkish Kurdistan, which is like- 
ly to have disastrous results for the 
country. Undeniably, atrocities have 
been committed by die Turkish Workers 
Party against village guards and their 
families. But this must not be used to 
cover up the Turkish state’s scorcbed- 


Regarding “ The Woman Behind the 
Athenian" (Meanwhile. May 4): 

How unfortunate that John New- 
house chose to resurrect from its well- 
earned oblivion the bourgeois relation- 
ship of Aspasia and Pericles. Bv doing 
so, he inevitably got himself hopelessly 
enmeshed in a web of historical inaccu- 
racies and omissions. 

To begin with, there is no doubt or 


mystery of how Pericles died. He per- 
ished in 429 B.C. during the great 
plague in Athens brought about by his 
own fatal policy during the Peloponne- 
sian War of abandoning the fertile 
plain of Attica to the Spartans and 
ordering everyone behind the Great 
Walls without securing sufficient provi- 
sions nor applying hygienic precautions. 

He was never the self-assured “Olym- 
pian" described by Mr. Newhouse. He 
was irresolute arid relied heavily on 
scheming Aspasia. He made war against 
Samos at her instigation. It is also 
doubtful Pericles ever delivered his fam- 
ous funeral oration, mostly historic fal- 
sification by faithful Thucydides. 

His relentless imperial policy proved 
the basic cause of the Peloponnesian 
War. which ultimately brought Athens 
to its knees. His ruthless conquest of 


birth (494 B.C.) will be celebrated in 
2006. not in 1994. But I certainly don’t 
mind the error Without it, my pleasure at 
reading John Newhouse’s delicious arti- 
cle would have been delayed by 12 years. 

DAVID HIRSCHBERG. 

Hoeilaaru Belgium. 


Samos, AegLna and Milos established 
the first cases of contrived genocide os 
a means of subjugation. 

Phil odes, a leading Athenian admiral, 
recommended that the right hand of all 
prisoners should be cut off to render 
them unfit for war, a policy which, with 
Pericles’s tacit approval, was applied to 
the prisoners of Milos. 

Exasperated by his failures and his Kidney Pie, Anyone? 
unpopular liaison with Aspasia, the - J 

Athenians fined him the enormous sura 
of 50 talents. 

It has been said that history is the 
record of an encounter between character 
and circumstances. I fear Mr. Newhouse 
has sadly misinterpreted this record 

IAN VORRES. 

Paiania. Greece. 


settlement, Mr. Pasic Hr* one ti 
weapon, a slide show that operajr 
a sort of satire on normal hist 1 
reconstruction projects: 

j;;U:hei 


ton projects. 

Mr. Pasic’s first slides are tradi 


iter 


before- an d-afier views of the buil 1 ! 

• • - - iaa. 


he restored: a decrepit cathedrals 'll’? 
the same cathedral newly deanr lc B, : 
muck and mold; a gorgeous f 011 
shown first in decay, then pain La 


umw»u uiai ui uu«aji i ■ t : ii jjaiuin 

spruced up. Then comes the secoriF*’ tI 
of before-and-after slides: the spr'S 6 
up bufldmgs followed by pictures c? 1 
nibble where they stood. There < * t ' 

nitniinHina chik nf iminw nCDV-il! 


The 2JQ0th anniversary of Pericles’s 


Regarding " The Critic Got It Right ” 
(Letters, May 51 from John Maoris: 

Look who’s calling the kettle black! 
Mr. Maoris thinks American food is dis- 
gusting. Fair enough. But may I be per- 
mitted to say that almost everyone who 
lives outside England finds English food 
even more disgusting. 

PETER ADAMS. 

Paris. 


• vvwiw nuviv M4VJ OIWU. SUVA*# 

astounding series of images oFP 
bridge’s explosion, ending with its 
ty, yawning parapets. Finally Mr. t 0 | C r 
presents his after-after-after sequ“ e 
hand-drawn modcups of what a .u 
“Mostar 2004" would look like — 
all the drawings, the bridge is back°tyy 
it will take more th an computer o 231 
to pul it there, and more than nu^.^ 
and more than dreams. ’nu 

The Washington Post. 


BOOKS 




(as •v'* ; 




UMVEL OF LOVE 

> Hilma Wolitzer. 376 pages. 
V. HarperCollins. 

e viewed by 
ynathan Yardley 


WHAT THEY'RE READING 




^rfmt jiaurapn . ^ - 

jfj K&i 

. ■ 


p HE soap 
L runs 



leitmotif that 
Hilma Wolitzex’s 
uh novel presumably is a c om- 
en tary on the world of its charac- 
rs rather than an exercise in liler- 
y critidsm, but it all unwittingly 
rves quite usefully as the latter. It 
minds the reader that Wolitzer 
is always skated right along the 
;ge of soap opera sentimentality, 
metimes successfully resisting it, 
in her first novd, “Ending,” 
>meLimes less so, as in much of her 
-her fiction. 

"Tunnel of Love” is a mixed bag. 

. it are to be found some quirkily 
tanning characters as well as a 
noothly rendered villain, and 
■me tart observations about life in 
.« pans of Los Angeles in which it 
set; it reads smoothly, though its 
■ose can lapse into squishiness, 
id its plot is not unduly _far- 
tched. But even in their quirki- 
Ass its characters are predictable, 
laying their various soap operatic 
lies according to script, and Wo- 
aer is simply incapable of givmg 
n»m anvihing except their just de- 
als as "predictably ordained. The 
□pulse behind this most surely is 
xid-heartedness rather than cym- 
sm, but h cloys all the same. 

The events in “Tunnel of Love 
rvolve around Linda Reismann 
he heroine of Wotitzers earlier 


* Jean Annoor PoOy, author of 
‘^Surfing the Internet," is reading 
“ The Turing Option by Harry 
Harrison and Marvin Minsky. 

Tfs about a computer nerd who 
builds true artificial intelligence, 
almost gets killed by industrial ter- 
rorists bent on stealing the discov- 
ery, who rebuilds his brain and be- 
comes rehabilitated by interfacing 
with his own software. Sounds 
kinky but it’s a great read." 

(Brad Spurgeon. IHT) 



trying to assemble evidence of pa- 
rental incompetence against Linda 
so she can petition the courts for 
custody of Phoebe. 

The former husband sends Linda 
a letter and a sheaf of damning 
enclosures: “The main thing was 
that CynLhia was crazy — danger- 
ously so — and here" was further 
evidence of it But she had money 
and power, unlike most other crazy 
people, who couldn’t hire expen- 
sive lawyers to plead their case, or 
to help them steal someone else’s 
child.” 


ROUND THE WORLD AIR RACE '94 

May 1“ - 25 th 1994 


Montreal • St John's . Marrakech . Istanbul . Dubai . Agra . Ho Chi Minh City 
® Okinawa • Sendai • Petropavlovsk • Anchorage • Calgary • Montreal 


novel “Hearts"), who at age 28 is 
recently widowed, and Robin, her 
13-year-old stepdaughter. Linda is 
naive, pliable, optimistic; Robin is 
withdrawn, hostile, bitter. 


They have come in unlikely — 
and in Robin's case involuntary — 
affiance from Newark to Los Ange- 
les in order to begin a new life; 
Linda's principal reading is a self- 
help book called “Turning the Bad 
Times inlo Good Times," the posi- 
tive thinking of which gives her 
hope but produces in Robin only a 
“bored face and melodramatic 
sighs." 

Linda has vast charm — or so at 
least we are meant to believe — but 
a sole marketable skill: The “one 
thing her body knew by heart” is 
dancing, which leads her briefly to 
a job at a Fred Astaire dance 
school She’s pregnant, though. 

that and Robin being the chief !eg- 
of her late husband, and 


aaes 


BRIDGE 


quickly finds the exercise more 
than she can handle. 

Later she's hired as cashier at a 
discount liquor store whose 50ish 
owner, Manny Green, quickly Tails 
for her. “He was the second chance 
hardly anyone ever gets, and she’d 
be a fool to pass him up,” but 
before she gets the opportunity to 
say yes a robber puls a buffet 
through his head. 

“You’re the kiss of death," Rob- 
in tells Linda. “Everybody you love 
dies on you, don’t they?" 

The accusation appalls Linda, 
but she quickly recovers her habit- 
ual good spirits and soldiers on, 
buoyed by the birth of her daugh- 
ter, Phoebe, as well as by her new 
job teaching jazzercise classes at 
the Beverly Body Health Club and 
Spa, not to mention by her ardent 
love affair with another teacher. 
Nathan Diaz. When her teaching 
skills lead to a part-time job as 
personal trainer to a soap opera 
producer named Cynthia Sterling 
at S100 per session, she seems to 
have it made. 

Needless to say she doesn’t 


So there we have ample ingredi- 
ents for several installments of a 
soap opera or for a feature film 
packed with sobs. It is not in the 
least difficult to predict how it all 
will turn out, but those with a taste 
for such entertainment likely will zip 
along to the end enjoying to the full 
each passing sniffle. Those lacking 
such a taste are advised to lock 
elsewhere for an evening's diversion. 

It must be said, though, that 
“TunneJ of Love" brings a novel 
twist to the soap opera department 
No huge secrets will be given away 
by the disclosure (hat in time Linda 
asserts herself, this being the age of 
self-assertion, and becomes a “con- 
vert to action, to choice, the swim- 
mer who would no longer simply 
float on her back through the cur- 
rents of life,” or, if you will, the 
dancer who would no longer simply 
permit her partner to take the lead . 
Whatever metaphor you prefer, the 
really amazing aspect of this con- 
version is that the blinding light she 
sees on the road to her own Damas- 
cus is — are you ready for this? — 
Bill Clinton. 


official sponsors 


“Tf i K INTERNATIONAL M* * 4 

itcral o^il^ fcnbinic 



ker- 



3 


Celebrations 


The moral of which would ap- 


UC u* ^ , 

artnership to six diamonds on the 


^pBmcd deal after W«i 


■pared one heart and rebid the 


ft; 


fckfiSKi.? v- 


— a .a .. 

y.uAfc»' ' • • 


l&aite' " 

.SFf - 


_ West held the club ace, and she had 

By Alan Truscott to hope that he did not also bold 

ARON SfLVERSTELN ^ c fub queen. The rfubtentras 

ousfaed a lixtle in taking tne ^ and if West held 

- ■ [hat card with any length in the suit 

had South chances were poor. So Kay 
judged well by leading the club 
nine from the dummy and playing 
low from her hand when East con- 
tributed the deuce. She breathed a 
aah of relief when West won with 
ace and led a high heart, on 
which East threw a spade. 

South ruffed, led a diamond to 
the queen and finessed the dub 
Severn When West discarded, it w»s 
obvious that the position was tlus. 


Comp lications and mini-disasters P 681 " to he: If Whitewater turns (Hit 
pile one atop the other, leading 10 Armageddon, Clinton can al- 
i inHa ever more deeply into debt 8° mio faith healing 


to CVntbia, a “control freak" whose 
estranged husband dues Linda in 
to the alarming truth: Cynthia is 


Jonathan Yardley is on the staff of 
The Washington Post. 


cu one itwu* , . iiiM I** 


inversion's partner, . /j 
.on with dummy’s 

spade winners to dispose i 


lPflEHNATHWAl. 


X'Su.g made i. dear that 



NORTH 
4AKQ94 
C A 83 
<* KQ6 

WEST (D) ^FAST 
* J JO 7 2 *? b3 

” K Q 10 7 6 3 4 ^9 

X * J 7 5 3 


9 4 


: * A 


*C> 


* Q 10 5 4 2 
SOUTH 
*5 
T J2 

<■ A 10 982 
+ K J8T3 


WEST 
* J 10 
■? 10 ? 6 5 


*- 



North and South vere 
The bidding: 

West Nunn East 

1? I ♦ Pa* 1 

2-7 3 T Pass 

Pa» S Pas* 

Pass 

West ted the heart king- 


vulnerable 

South 


NORTH 
+ Q94 
V8 
v K 6 

+ - 

EAST 
* — 

C- 
0 J 75 
*Q 10 5 
SOUTH 

♦ - 


0 A 10 9 
*K J8 


1* 

pass 


cnuih cashed the dub king and 
CTOSSrtiffed. trapping BM s jack at 
Jbefinisb to make her slam. 


Mu-iiuiirV.wriM. M iivuM— iki 


LIVING IN THE U.S.? 
Now Printed in 
NewDrk 
For Same Day 

DELIVERY IN KEY CITIES 

TO SUBSCRIBE, CALL 

1 - 800-882 2884 

{IN NEW YORK, CALL 212-752-3890) 


9928 

3179 


B? 

ICt 

it? 

LE 


■po. 

Ida 

it 

d 

om 


BANOUE INDOSUEZ 


MAROC 


pbs 

UI9 

non- 


As part of I. CjL O. 50 ^ anniversary. 


i. 

net. 

s. 


The competitor* have arrived in 1 lo Chi Minh (.’iru. Vietnam. 




IN 

& 

MU 

0 


















led I 

VI 

iea 

am 

:ies 

ros- 

veEJ 

Pi- 

le 

liai 

;or 

30' 


Of 


3 b 
en 
sb 
ia 

he 
1 1 
3P 
ra 

oil 

de 

Mi 

at 

th 

\i 

si 

of 

iC£ 

oi 



1* 



INTERNATIONAL HERALD TR1BI NE. TH CRSDAY. MAY 12. 1994 

MCE 



HEALTH /SC 


'Infectious Diseases 


n Major Rebound 

-V Infectious diseases are the 


T5 

l' 7 fj ■ By Lawrence K.. Altman 

&%*4nh *~ **"■"*"« 


inaugutfl 
■reclaim A 

which tums ou! 10 i ^ lon s \° a " rou p 

>n^j a known to cause kidney disease and 
'm-I ' «* ^.v the new virus attacks the lung. 

• r , e j- kidnevs. is a mystery. 

rounu “irasite rarely known to affect humans 

[qjartme'the i argesl outbreak of waterborne ill- 

Vfnca sfi ^ united States. 

me m i^ Q p to ducoi hv an intestinal bacterium 

ddress Kjn alc> undercooked hamburger. causing 

outh Ali s I0 fiy| an< j killing several children. 

<y and fo^ are not the myths of science fie Lion. 

Most foccurred in the United States last year, 
dlich o\ straining the resources of health de- 
ight to tt'nis and showing that vulnerahiliiv to 
nd prov\f K ijons has never been greater. In addi- 
lingled ^ a number of instances recently, bacteria 
ors. and iecome resistant to antibiotics.’ 
f the rih Jung disease was produced by a new 
'Ir Manvirus. and it has been fatal in more than 
■orders if the 72 cases that are known to have 
is 27 yegd since it was first detected in New 
armoun-o last summer. 

Speed : parasite. Cryptosporidium, eoniamin.it- 
videm it water supply of Milwaukee, producing 
mi of ihged diarrhea in 400.00Q people and put- 
onal 0.400 in the hospitaL 
vo-thirt toxin, produced by E. coli bacteria, in- 
aiional l not only people who ate the hamburgers 
jr and crobably some who ate salad cut with the 
utensils used on the meat, and some who 
^ into contact wi th those who were infected. 


EW YORK — Dozens of healthy 
people become acutely short of 
breath and die from a new virus. 


\nfl 


! zlifl 


hi 


leading cause of 
death in the world. The toll is swelling as a 
result of HIV. the vims that causes AIDS, 
which is estimated to have infected 14 million 
people, mainly in Africa and Asia, since it was 
First recognized in 1981. By 2000. expens esti- 
mate. the number infected will be 40 million. 

Yet overconfidence abouL infectious diseases 
has weakened public health systems in the Unit- 
ed States and elsewhere, jeopardizing their abili- 
ty iq detect and prevent new and old ones. What 
the United States needs now. a new federal 
report says, is an infusion of up to S 125 million a 
year to carrv out a plan to provide the vigilance 
and rapid response needed to contain infections. 

The single most important weapon in any 
country’s defense against infections is its dis- 
ease surveillance system. Surveillance is used to 
characterize disease patterns by lime, place and 
person, to detect epidemics, to evaluate preven- 
tion and control programs and project future 
health care needs. 

“Whatever shape health care reform takes in 
this country, surveillance will be the key to the 
meaningful evaluation of new programs." said 
the federal report, from the Centers for Disease 
Control and Prevention in Atlanta. 


Trouble Spots 

Examples of emerging and resurgent infectious diseases in the 1990 s. 


Aumcfi,: .. 

' '^Pertussis 1993 


.& ■ •' "” r: ‘ 

Hantavirus " 
1993 ■ b 

B- 

Dengud ■ 
1993 


BDtpWfW^- 19 ® 3 

- ‘ ■ : AS» 


Anthrax 

1993 


jgRitt YaPey - 
• ^ fever *933. 


0 


Vibrio ehoierae 


SCAIW... .. 


AFRICA - • 

Yellow fever 

“ 3 ‘ 'S1993 

Lassa fever 
1992 


1933 


gAMEftCA. 


Pandemic cholera 
1991 


AUSTOMJA' 


Source: Centers tor Disease Control ama Prevention 


Do Happy Events 

Aid Immune SvetemV I 


By Daniel Goleman 

.Vch Yank Times Service 



T 


yiiKide more than 500 people in the Seattle 
and led to kidnev failure in at least 29. 


For N died, ail children. 

tical ppewhere, a new strain of cholera swept 
ut in th* India and Bangladesh, spread to Thai- 
ew heated threatened other pans of Asia, infecl- 
‘ w. hundreds of thousands of people and killing 
U : the w^ds. Many experts believe cholera is like- 
h ^ -pmove from Latin America, where in 1991 it 
«i jiin^'k for the first time since 1895. into the 
|J in h j^bbean in the not-too-disianl future. 

It , e dayvi so long ago. government officials and 
i; ]ve Apical leaders ail but pronounced Lhe end nf 
: i any S*'t’ ou> diseases as a major public health 
; The clem. These striking examples of new and 
* ■seiWEMp diseases prove thai prediction wrong. 
V on of r ’ join a list that includes, among others. 
| Jman ,'S. legionnaire's disease. Lyme disease. Lus- 
\ ^ ojpvcr. and hleedi ng and fever from the Ebola 
jj Jweve Marburg viruses. Some were unknown or 
\ 0IT] hazards only a decade or two ago. Others 
' emenr 3 ^ significantly in incidence over the last 

' webt*”*- 4 . 

.pme new and emerging mfecuons are part 

ne na ie P°° r{ >' understood natural cycles of epi- 
“lics. Others reflect the rapidly changing 
T*etnun of infections that has accompanied 
5- ^ulation growih. expanding poverty, urban 
^/ration, increasing international travel and 

10 an }dlv changing technology. 
lcmn 1 


HE sudden, unexpected appearance 
of AIDS shocked health officials into a 
belated recognition of the need for im- 
proved surveillance and on awareness 
that such vigilance might serve as an early warn- 
ing system to prevent new- and emerging infec- 
tions from becoming public health disasters. But 
the report said. “The ability to detect what is new 
or emerging depends on ihe capacity to identify 
and track the routine as well as the unusual." 

Successful surveillance hinges on the accura- 
cy of statistical analyses, and they hinge on the 
accuracy of reports that doctors and hospitals 
are supposed (o mail to local health depart- 
ments about specified infections. But many 
diseases are notoriously underreported in the 
United SiaLes. Surveillance also relies on an 
effective laboratory system. Microbiologists 
can be the first to' detect genetic changes in 
organisms that could signal an impending out- 
break of antibiotic-resistant infections. 

Microbiologists can also be the first to detect 
known diseases that have spread to new geo- 
graphic areas and populations. Laboratories 
can be vital for the early detection of exotic 
microbial agents that might be used for biologi- 
cal warfare or terrorist activities. 

Surprisingly, the report said, no federal re- 
sources are provided to state and local health 
departments u> support the national disease re- 
porting system. And other parts of surveillance 
systems have been weakened by budget cuts. 

.Although widespread misuse of antibiotic 
drugs has led to the emergence of resistant bacte- 
ria, the magnitude oT the problem is unknown 
because no national U. S. sy stem exists to moni- 
tor iL Many outbreaks from infections that are 
transmitted through contaminated food and wa- 
ter go unrecognized or are detected late because 
current disease monitoring systems are inade- 


Recent New Diseases 

A partial list of diseases that have emerged in the last decade. 


j Viruses: Newly identified agents 

1 

1983 | 

Uganda 

HIV-1 

Acquired immunodeficiency 
syndrome 

1989 

Hepatitis C i 

virus 

! Transfusion-related and 
sporadic hepatitis 

1990 

Hepatitis E 
: virus 

Acute hepatitis, water-borne 
! epidemics and sporadic hepatitis 

1991 

Hemorrhagic 

Severe hemorrhagic illness 

Venezuela 

fever 



1992-93 

Kenya 

Yellow fever 

| Severe hepatitis, hemorrhagic 
i lever 

1993 

Southwest U.S. 

Hantavirus 

| New syndrome with pulmonary 

J distress . 


1986 

Ehrlichia 

chaffeenis 

[ Systemic infection with fever, 
j headache, low whrte-blood-cell 
; count 


19^ ' 

Vibrio ehoierae 

New variant of cholera 


0139 


Source: American Scientist 


The New Y>n Time'. 


quaie to confront the present and future chal- 
lenges. Twelve states have no monitoring system 
at all for surveying food borne or waterborne 
diseases, the report said. 

One of the most astonishing discoveries in 
recent years is that a bacterium. Helicobacter 
pylori, can cause ulcers and other stomach 
ailments including possibly some forms of 
stomach cancer. Last February, the bacterium's 


causative role for ulcers was given widespread 
acceptance by a government-appointed panel 
of experts that made antibiotics a required 
component of ulcer treatment. 

Few had suspected that ulcers were caused by 
an infection. But H_ pylori tums out to be just 
one of a small hut growing list of microbes that 
have been found to produce what had previously 
been classified as noninfectioas diseases. 


EW YORK — The small boost to the 
immune system offered by a pleasant 
event can persist as long as two days. 
■ Vi while the negative effects of a stress- 
ful encounter mainly take their toll on one day. 
according to new findings. * 

And while stresses like a conflict at work 
can make people more vulnerable to infectious 
disease, so can missing customary pleasures 
like getting together with friends, the studies 
show. The findings add to the growing evi- 
dence for the health consequences of day-to- 
day events. 

“Positive events of the day seem to have a 
stronger helpful impact on immune function 
than upsetting events do a negative one." said 
Dr. Arthur Stone, a psychologist at the medical 
school of the State University of New York at 
Stony Brook, who did much of the research. 

In a study of 100 men tracked daily for three 
months. Dr. Stone found that stresses' like being 
criticized at work weakened immune function 
on the day they occurred. 

But events tike a pleasant family celebration 
or having friends over enhanced the immune 
system for the next two days. The findings will 
be published in Health Psychology later this 
year. 

“Having a good time on Monday still had a 
positive effect on the immune system by 
Wednesday” Dr. Stone said. “Bui the negative 
immune effect from undesirable events on 
Monday lasts just for that day.” 

Because the study involved only ordinary 
pleasures and stresses, the results may not ap- 
ply when life becomes extremely stressful. 

Earh evening during the study, volunteers 
filled out an evaluation of the ups and downs of 
their day. Daily samplings of thdr saliva al- 
lowed researchers to monitor how effective 
their immun e systems were in producing anti- 
bodies to a rabbit protein they took in capsule 
form each day. 

Their rate of antibody activity “offers an 
analogue o! how the body reacts to a pathogen 
such as a cold virus," Dr. Stone said. 

Among the men in the study, the biggest 
setback to immune function was caused by 
work problems from criticism by one’s boss and 
frustrating or irritating encounters with fellow- 
employees. and by feeling pressured by loom- 
ing deadlines or a heavy workload. 

Another source of Irritation leading to low- 
ered immune function was chores like irksome 
errands or annoying home maintenance tasks. 

The greatest improvement of the men's im- 
mune systems was from pleasant social activi- 
ties or pursuing leisure activities like fishing or 
jogging. The range of stress measured was simi- 


lar to that in an earlier study by D&4SS& 
which 79 men ebropided tbeir. dai^ap*^' 
downs for W days. . - • 

In that study volunteers 3lsodjik&a^ 
checklist each evening ot ^tiy medic^^: 
toms they might have had^t^ w^ 
'Whenever the men reported cold 
“we found dial there wa&anincrea. 
sirable events from three to five days 
edd becomes noticeable, antUdipY 
events ror those days. Dr. Stone- 
covers the incubation period. for 
whidi is 24 to 72 hours* . 

A surprise in the study was. 
drop in the usual number of - 
more strongly predicted suscep^ij 
than did a jump in stresstnJ event^ Dr.^B 
reported last month at the annual 
the Society for Behavioral M«Bdne in g^ ji 
Smilar findings hay® been 
search in Britain* -'-Vu .*■.* M 


r . 




r* 


tpr yn furnn ui duuuu* ...,T 

“Stress levels on the two dr three dajjje 
up to exposure to tire cold virus, and“"~ 
on the day you are exposed, may beL 
whether you become BL" said Det*™, 
Cohen, a psychologist at CanK^pe-Mdfec^ 
versity. “And the kinds of stress witfctfe**] 
impact are interpersonal, whether 
cordu problems in the famity. OT xpD^n,^ 
work-" . •• 

Dr. Cohen, in a 1991 study puEfis&djijfcL 
New England Journal of Mediahcsfajmrfa^i : 
levels of daily stress detcnnined whdfeff ^* 
purposely exposed -to a cold vurovwaHajS 
lv come down with a cold. ■ J 

Dr. Stone’s results represe»t m-T 
scientific precision in understanding 5*^ 
of interactions that lead from daily sfltat 
susceptibility to a virus. Dr. Cohen SanL; ^ 
“His work is a more fine-grained kn&ijii 
day-to-day fluctuations in stress huyg&i- 
put in susceptibility to infectious, tfeeasttw 
influencing immune function,” Dr-Cohamia 

B UT the immune systemissmnsM 
complicated While there is mcoP 
ing evidence that stress lowast® 
lance to disease. scienti&&w>L 
to establish dearly what the specific patSum* 
are that lead from stressful events toetDotM 
distress, to a specific change in irnuume kn* 
tion that increases susceptibility. . £ - . ^ 
For example. Dr. Cohen said, because 
Stone's volunteers were notsystenmtica&r* 
posed to any of lhe 200 cold vinma; it 
unclear if the range of change m aafinfl 
levels is of great enough magnitude^*!* 
yon more susceptible to upper raspEr**" 6 '® 
fections.” '*4 

Still. Dr. Coben said. Dr. Stone's 
“suggest that it doesn't have tobeamaj 
to affect your immune function to u 
you’d be more susceptible.” ' - 


5ow the Brain Locates the Source of Sounds 


Bv Sandra B1 akeslee 

Vm }7vA Times Sen t. ,• 



*85:1 




»?'t! 


IJ . 
Iv’a 14 * 
!»’* K.i 


Tbekffl EW YORK — Rooming the wood*. 
nhl on a l,wd > afternoon, a bird- 
esidm watcher heai> the tai-iai-ui of a 
tula I woodpecker at work. His head ium> 

iltiepard the sound, which came from the lefi. 
The'bably near that big oak tree 50 yard-, away, 
gai is. there it is — a downy woodpecker. 

d^lccalizmg interesting sounds i> on ordinary 
oulctnan experience, but" to scientists who study 
5Clft i human auditory system, the feat is ntind- 
at 'ggling The wood porker emits sound waves 
3t travel through air, enter human ears and set 
at Pf a chain reaction of impulses and computa- 
r. ^ns that result in a person's being able to locate 
TJe.e bird's position, instantly and accurately, 
e uow this oocurs remains cloaked in mystery. 

Last week a researcher in Florida turned up a 
‘"**^w clue. Although bus finding does not solve 
HJe larger puzzle, it does show that the auditory 
“■“siein has evolved coding strategies that work 
differently from other sensory systems. More- 
Ns;er. the auditory cones — the higher brain 
at “gion where sounds are interpreted and under- 
rgnood — contains a population of cell, that 
opear to be unlike anv others in the nervous 
^)latsiem. 

TiM^ ^ r ' die brooks in the depanmem 

-Hr? neuroscience at the Universiiv of Rorida 

■iv« ra, L n ln c l - tUIe ,n Gamw,H «* published his 
pp cl ork m Saence magazine. 


brooks said. But they have developed a special 
code Tor differentiating the location of these 
sounds. 

For example, if a sound comes from. say. 10 
feet (3 meters) to the left of a person’s head, the 
cell will fire its signals in one pattern. “It might 
go dit. diL ditty, dil," Dr. Middlebrooks said. 

Bui if ihe sound originates from a different 
point in space, the cell fires another pattern, he 
said, perhaps “ditty dittv dil.” .All sounds from 
all locations can be coded in this way by these 
cells, he said. 

“It’s remarkable to show ihai a single neuron 
can encode sounds from every direction in 
space.” said Dr. Eric Knudson. a professor of 
neurobiology at Stanford University medical 
school. It means that these auditory cells oper- 
ate according to rules that are different from 
those governing other brain cells. 

UT the finding does not solve the 
question of how humans localize 
sounds. Dr. Knudson said. Although 
these cells produce a code, he said, it 
is not dear how or if the brain uses the signals 
in sensory processes. 




The brain contains internal “maps” or repre- 
sentations of space that help people understand 
the world. Dr. Knudson said. Each sensory- 
system has specialized neurons that help create 
these maps, which are constantly being acted 
upon and re-created as humans react' to the 
external world. 


ir* iwdi sptxrial cells in ihe conev can detect 
it : FSyunds occurring anywhere in the 560 degrees 

[ space around the human body. Dr. Middlc- 


1 i-:Y' ijhil 


These specialized cells pass their mapped 
information up through various networks to the 
cortex — a thin layer of cells at the top of the 
brain where advanced processing takes place. 


Encoding the Location of Sound 


A researcher studying hearing pathways in the brain has found that 
certain brain cells have a sound-localization function, providing data 
that precisely identify the origin of sound. 

Sound ^ 0° 


A simple schematic 
of how sound is located: 
When a neuron detects 


sound, shoyvn here 
as bells placed at 
precise angles 
around the 
listener, it fires a 
train of electrical 
signals, or neural 
impulses, to other 
parts of the brain. 
The study shows 
that the brain 
interprets the timing 
pattern and number 
of impulses to 
decode the sound's 
location. 


-60’ 5 


Neural 

signal 


60° 


Listener 


- 120 4 


120® 


Source: Dr. John C. MiddleOruoks 


-180° 


fUkn f rpcboJ- Tbr Nn V.xk Tines 


Testosterone Protects 
Heart, Study Finds - 




New York Times Service 

EW YORK — A new finding by 
researchers in New York City chal- 
lenges the long-held belief that the 
male sex hormone, testosterone, is 
important in causing heart attacks in men. 

Rather, the researchers conclude, testoster- 
one may help protea men against heart at- 
tacks, which are the leading cause of death in 
the United States and many other countries. 

The study found a strong correlation be- 
tween low amounts of testosterone and the 
degree of coronary artery disease, whidi un- 
derlies most heart attacks. 

When coronary arteries become clogged 
with fatty material less blood can flow 
through them to nourish the heart, and chest 
pains from angina often develop. If a blood 
cloL forms, it can suddenly shut off blood 
flow, producing a heart attack and killing 
vital heart muscle. 

Although it has been known that as men 
age the amount of testosterone declines and 
the incidence of heart attacks increases, the 
study is the first to correlate testosterone with 
the degree of coronary artery disease, the 
researchers reported in Arteriosclerosis and 
Thrombosis, a journal published by the 
American Heart Association. 

Dr. Gerald S. Phillips of Roosevek-St. 
Luke's Hospital in Manhattan, the chief au- 
thor, said his team did not know predsdy 
how low levels of testosterone might lead to a 
heart attack or normal amounts might pro- 
tect against one. 


Two other small studies have found tte 
administration of Testosterone has deaasl 
risk factors for heart attacks. 

But in an interview Dr. Phillips cited-* 
reasons why it would be premature to ns*' 
mend testosterone therapy to prevent’ 
attacks. First the findings of nis own i 
need to be confirmed. Second, the safety 
effectiveness of testosterone therapy ifl pfcj 
venting heart attacks has not beai deft- 
mined in large studies. 

In Dr. Phillips's study, amounts of -tB»: 
terone correlated with high density apopro- 
tein. the so-called good fonn of chotetnd 
suggesting that the hormone might proW 
against atherosclerosis through an effect* 
lipoproteins. ■; 

But the study did not find a condati® 
between low amounts of testosterone and 
other known risk factors for heart atuefa. 
like high blood pressure, smoking asd.de 
amounts of cholesterol, glucose, insulinaai 
factor 7 (which is involved in theformationrf 
blood dots) in the blood. t'- 

other scientists have found a comdaiffli 
between abdominal fat and heart attacks. Dt- 
Phiilips's team did not measure the dumb*- 
tion of body fat in the participants..' ‘ 
Although the study did not prove that !?* 
testosterone led to coronary aneiy disc**- 
the researchers wrote that “because die ash®- 
lation is so strong, it suggests that is a pcs* 
bility.” 


A 


Ji-' 








.i- 



,*~- w~ 




■A .4 W*P*C » 

. jCitLv* Oi* 5 *! '• 

--at* 

. „ ..rr-tvf. J ■ — i 






WML. 


:.r-. 




- ’.n- . 

ir 







pimtsman Bin 


Lawrence K. Alt®® 1 


Is . JJ t a 

PF- it 


U.: !::•!• 
1 1 


Scientists Measure Warming of Atlantic in bmef 


m::~ - 


T 


1.: 

tyv. 


-J': ,*'• 


s>t 
s;: V.-k 

lis-r 


By William K. Stevens 

\urk Time\ St-n-i.f 










EW YORK — The waisr> of the 
Atlantic Ocean deep below the 
courae of Christopher Columbus's 
IC— * 149Z voyage have warmed by nearly 

■ it ix- tenths or a degree Fahrenheit (about a third 
n of a degree centigrade i in the Iasi 35 vears. 
n oceanographers have discovered, a finding that 
■jpas important implications for the sludv of 

global climate change. 

■ The oceans are a critical pari of the climate 
\vstem because they absorb, store, move and 


eventually release heat, the svs tern's main driv- 
ing force. 

Mathematical models of the system predict 
that sea-surface temperatures should rise by 3 
degrees to 7 degrees Fahrenheit, many scien- 
tists expect, as atmospheric concentrations of 
carbon dioxide double in the next 100 years. 
The gas. which traps heal in the atmosphere, is 
produced by the burning of fossil fuels tike coal, 
oil and natural 

The magnitude of the ocean warming detected 
by the new observations is “broadly consistent - 
with model predictions of ocean w-armina for a 
doubling of carbon dioxide, the oceanographers 
say in an article in the the British journal Nature. 


But the researchers found that the greatest 
warming has taken place not at the surface, as 
the models predict, but rather ai depth*, of half 
a mile to 1.6 miles (.8 to 2.5 kilometers). 

This wanning in the deep ocean is “surpri sing- 
ly large: it surprised us. anyway “ said Dr. Harry 
Bryden, one of the researchers. Dr. Bryden is "a 
physical oceanographer at the James Rennell 
Colter for Ocean Circulation, a British research 
institution at Southampton. 

Equally surprising. Dr. Bryden said, the 
warming was remarkably uniform across the 
entire Atlantic basin along the latitude of 24 
degrees north, the latitude of the Bahamas and 
roughly that of Columbus's first voyage. 


Diet Drug May Harm Brain 

NEW YORK (NYT) — A widely used diet 
drug may cause lasting and possibly harmful 
changes in parts of the brain that regulate 
appetite and mood, according to a report on 
studies in monkeys published this week. 

The drug, dexfen flu murine, is widely used in 
Europe. Although not yet approved for use on 
its own in Lhe United Suites, u is found in a SO- 
SO combination with Icvofenfluramine in its 
sister drug, fenfluramine, which is marketed in 
the United Stales as Pondimin. 

The nerves found damaged by dexTenflura- 
mine play “a role in regulating mood, appetite, 
sleep, impulse control, sexual activity, aggres- 


sion and some hormone action." said one of the 
researchers. Dr. George Ricaurte, an assistan t 
professor of neurology at Johns Hopkins Medi- 
cal Institutions in Baltimore. 

in a study in which high doses of dexfenflur- 
amine were given to squirrel monkeys for four 
days. Dr. Ricaurte and his collaborators found 
extensive damage to nerves in the animals' 
brains for as long as a year and a half after brief 
treatment with the i ' 


drug. 


MV’, •ymCv , 


Breast Biopsies: New Option 

WASHINGTON (WP) — Needle core 
breast biopsy — a technique that involves re- 
moving a small amount of tissue without stan- 


dard surgery or general anesthesia — isi 
rate, and it is less disfiguring and.iess exp-®?*-; 
than traditional breast biopsies, a study 
ing at 20 different medical centers has ft®® 
When a mammogram shows even a tiny 
ularily in a breast, doctors and patients 
decide how to confirm if the area ir caneo** 6 
They often turn to standard biopsies. 

But such an approach can be a “need 
expensive and traumatic" way to examine 3*5 
suspicious mammograpbk finding, said.® 8 '*! 
H. Parker, lead author of Lbe study.- . 

The study involved d,152 needle core 
biopsies and 1,363 patients ended up 
surgery. 


, ’ . ‘ - 

4afc .. T: 

"I*’." 

■stli- J— T ; “ - ' '.vx 

,r:v. . '■ - 

i^n.hr- 

le.jniw - - 1 

:',r. 

\ v - ■' 

L :rY'“ --Ac 


On 




.an 
.fee 
ic 
C £ 
'bs 
■*« 


J*-.: :v*|f 


CALLING ONE FOREIGN COUNTRY 

FROM ANOTHER IS NO 


H hethrr iuub tnin^ l. - reach am-ihcr ouiniry servos. i*r call hack u> ihe VS.. Sprint Express am help. Just dial the a 
cuMi-mer. All wu need is a L-i heal calling card or HurUTraivIcr FUNCARD. ' 1 1/ mine callin'! the LIS., urn can - 


84 tf 




^ i-Jt 

3 1 '. ?“.FI| 

t* 


. ec. 


l-lj 


rs-. 


Si*: 3 : ;S5 

\V. I F.:l> 

?«•. AE.' 

4»‘ j M u 

O . U -- "IF 
V Pir 

5i“a lymP n. 
i u j irigH' 


SECRET 


WITH THESE SIMPLE ACCESS 


J.v.ciV 

F-w 

5*»1 ■t,- 


CODES 


Wcrican . Samoa 

° \n;^u 

tr^niiaj 

tvslrafia 

\u>:rj]c: 

~ Austria 
Btbna 
tlBarhados 
-Bdoium 
Brli/j'lkudi 
Eou.-.i-i - 
/Bv'rmuiL 
fi><[nu 
Bnrii 

uBckhh tiijjn bL 

CbWb - Pbon FbAi SO-OHn 
* Cambodb.nMMfc 23WI 
— Csrtada WttJ04t77JB0U 


tHHWfl 

=t) 

ww-.vi-no 

niM-wi-hr 

leJJttWH 

MHO.3ffl.2JIl 

i*NKUfn4»n 

irs-nooH 

: 5h 

*4 

inm-UVi 

IHKI-Sllh 

MMOfTMuiUI 


'Char 
/ - China 

; t'oluDihivtadoli 

Cnliinhra-Spaacib 

+G-Jj Rica 

wwor 

HR-13 

QSn-tMiini 

Jhi 

♦iCypitb 

USU-MlHrtll 

+ Czech Rtpuyic 

■M24WW7 

+ DmnjaA 

mUKT 

Afhauiican Kaufafa M1M3I7? 

hi mil- r 

ri 

LJ ‘‘.tivtiiUir 

i»i 

+ Finland 

'mium 

+ Fraacr 

I9*UtH7 

+ *Gw»any 

UUtMIUU 

i Grew» 

INR-IKIMli 

+ fitutimula 

Mj 

AHi-nJurj\ 

I»i-Mki*l2ljlki(l 

H<«g Kooe 

M.R77 


'* Jcr - wl-'Uns ssi: ovx ir,- !c 


Alhatc h«u» 
+ /llBticarv 
+ Imtb 
Imkmcu 
+ Ireland 
+ Israel 
+ llali 

+3.i|V«n 

Japan 

/hcma 

♦♦Korea 
i Korea 
tKnna 
^ Korea 
Kuwait 

T Urtklenstciii 
</l Jthuanki 
aiiemh«m» 


ynu i 

(111 

uuesuMkiT? 

HUP 

tW-frlJ-15 

UnKBNM 

n7-B2-2727 

I72.K77 

DD>.ni 

«M«¥*K7? 

IHU-12 

009-16 

s5o.2i;ss 

sofoni: 

0U39-I3 

SOO-TT? 

KW777 

K*|97 

IMNNIILi 


“** * V K in f EngWMpe*^ Sprira operawr. Vi«i fail on tm lohea%«= 

111 i'TlII IKi' Snnnl Fvrwrc li ..I. r * . 


«en rail cuHecl. But next time you call, use Sprint Express. Ii can' mak ten cnuntries seem a 

oMacif- ItflIMIl 1+Mand 

ftlabnvia «W.0»lh ! 4-JW,,^ 

'PbenoRko 
rfjRomana 
+ftBnsn 
f-RnshiltJowml 


Mexico 
- Mutual 
-rMelberiamK 


Ifeil>-I2| 

«W.0»ib 

‘tsww-nr^Hi 
^♦IW»7 
«6ffl22J|||9 


+ N:ifKti;inds .Antilles HH-Nins-IUI 
New ZuiIurJ utui-'fw 

Niataya 02-161 

oNkaresK^hni^) 

+ Non»» BHU77 

Parunu ||> 

Ao Parjj>uaj «ts-r?-Huu 

/Kni ' |<j|i 

PWqipiio 

llTPIstiriotarraJs) 

/Ph^iptBes K26II 

(IldCanl 

Pha^pBes,Hiii. KF-16 


i rK Z ttttri; jyjiljtJ 


^ ‘ -“fc™ tt*** u*k«iupiHwl.s.w> tir-v 

- • • SWV-. Ml ’pf we l!*fl Uaur* it+iOerx*tor, ptnmr. yd. 


172-1877 
IMHII3 

fe«Kl-|7T.| — 
0-«l(UJ9aHI0| 
‘Nlu-'iMaKiLt 
K? 

02fl.79*Mll| 
K-VT77 
O0W-H4HT 

imi-w-i.'-sr 

Vuairgry vouiy m. ,n I fet.en-u&i vtvk- rn rtv ! i - n 

' ™ KUe> . '?*** u 5 ww • Ii HWi. 3IPV. 31 ^ #***? 

.[ 1 -icf.ji.- iiuaMon-juetMCc <ta*s,nu> .wnh VWttHtu.SpiniOo-'mo, ♦♦F mn![I4v 


^ IN-SoirtAttoSMrjirdJ.. OlUVuJffBnr 


wni-att-wB 
050I7-MT7 
M0fMf77*8fW0 
nMU04K77 

I3UUS 

x . ^ 

+ i iTiman and Rott I-2&0.U1 
+San Marino 
Saudi Arjhi,i 
+ Singapore 
/ + South .Africa 
Spain 
-Sc Lucij 
Sweden 

^Swiirerland 

'-■laiiian 
/Thailand 


© TrinidaJ i Tuhagu 1. 
+ furinj POMW^ 

+ Unfed Arab hartti SOWS 



nn 

£. United Kingdom 

'til 

- Ui. V irgin biands 

^ilniguay ffilHP 
+\WcmQt 

VVrwuda-Hnglisti «W-IIIH 
Vvne/udj-Spjnidi .WiHN'-' 


Sprint 

Be there now- .-. 


r 















1 


: sv- : 






2"5“* jr J - 

P3ic nac 
. . fine; rr*— 

itfM fere wi 
ife»LKr% 

itooccaK;- 

ffcfl Dr V 

IWT! - c - V 

fUftTZ bovjs ’ 
the *m.»\ • 
fWBai aa.r.Sr: 

fjWodjCtCC ;u..v~ 

ns sire-' 7. 
r*ocih a: :; 

nrlfeiu-.-.r :., *•?:: 

have be.-- 77 
"Bnticr.. “ '* 
iycftiiv.. 

WiKn;,. v 
t; became i.. ' 

[I heksnils-.- 

jsieper* 

i-w • - 

lJoerr_n .-.< y.I " 
thze&s irTrr.T - ■* 
ll? i .„• 
HBKh - W . _ 

itsiiL* 



International Herald Tribune, Thursday, May 12, 1994 






Wiring Russia With the West’s Aid 

Phone Firms See Big Challenges, Big Profit Potential 


By Richard W. Stevenson 

Aten- York Tima Semce 

MOSCOW — Boris Y. Nemtsov, the gov- 


ernor of Ow Nizhny Novgorod region 400 
miles) east of here, intro- 


kilometers (250 iW _ 

duced a novel program recently: selling, for 
up to $450, certificates that promise purchas- 
ers they wU] get telephones installed in their 
homes within six months instead of the years 
they would normally wait Officials said' resi- 
dems were snapping up the certificates. 

The money raised will be spent improving 
the region's decrepit telephone system. By 
paying interest at 1 percent a day for any 
delay beyond six months, the plan provides 
considerable incentive for the local telephone 
company to speed its work. 

Though the method maybe unorthodox and 
the scale relatively small, the plan indicates the 
huge demand for improved communications 
in a country where getting a Hint tone can be a 
triumph of will, and of the lengths Russia is 
going to address the problem. 

If there is a consensus within Russia on 
anything, it is that the telephone system must 
be upgraded, to provide Russians with great- 
er access to service and to make it possible lor 
business to be conducted more easily with the 
rest of the world and within a country that 
spans 11 time zones. 

“It’s hard to speak seriously of economic 
and business development, in Russia without 
the development of modem telecommunica- 
tions systems,” said Dmitri B. Garamov. the 
director general of Westdcom. which oper- 
ates the nation’s main international tele- 
phone service. 

Modernizing the telecommunications sys- 


tem is so high a priority that it is one of the few 
bus in esses in which the Russian government 
local and regional authorities and the domestic 
industry have all made a determined effort to 
welcome foreign investors such as U S West 
Inc. and AT&T Cop. — or at least the cash, 
technology and operating skills they bring. 

“It’s next to impossible to develop a high- 
quality telecommunications infrastructure 


It's next to impossible 
to develop a high-quality 
telecommunications 
infrastructure without 
Western investment. 9 


Vyacheslav F. Gorkin, a former 
deputy communications 
minister . 


without Western investment,” said Vyaches- 
lav F. Gurkin. a former deputy communica- 
tions minister who now runs Moscow Cellu- 
lar Communications, a venture with US 
West, the regional telephone company based 
in Denver. 

Indeed, U S West and other foreign com- 
panies have established sizable operations 
here, and they are cautiously optimistic the 
upgrading of the national and local phone 
systems win prove to be a buge business 
opportunity. 

“In a place this size, communications in the 


long run is going to be a big deal,” said Viktor 
V. Pavlenko, president of U S West Interna- 
tional’s division in Russia. 

Right now, however, communications in 
Russia is a big headache. By various counts, 
Russia has 1 1 to 15 phone lines for every 100 
people. In Spain there are 35 lines for 100 
people, and in the United States, 70 lines for 
100 people. 

In Moscow and St- Petersburg, callers can 
usually count on getting a dial tone, but not 
much more. Calis are often noi completed, or 
are plagued by static or abruptly cut off. In 
outlying areas, service is much worse. 

The centerpiece of the nation’s telecom- 
munications strategy now is a multibillion- 
dollar plan, in which U S West will play a key 
role, to install 50,000 kilometers of intercity 
long-distance lines and 50 switching centers 
across the country. After a number dfits and 
False starts, there is optimism that the plan — 
the biggest telecommunications project on 
the boards anywhere — will come to fruition, 

wiring the country reliably for the first time. 

For foreign companies seeking business 
here, an even bigger prize Iks just over the 
horizon: the tens of billions of dollars — some 
estimates run as high as SI 20 billion — that it 
would take over several decades to add 20 
milli on or more local tines and bring Russia’s 
phone service up to the levd of. say. Spain’s. 

While Russian and Western executives 
here said they were hopeful about the oppor- 
tunities, the prospects for the modernization 


See PHONES, Page 17 


Trade Accord 
Widens Russia) 
Access to EU 


M A N 


1994 


ChHnJ 

i 

♦t> & 


Lack of Fed Rate Move Buffets Dollar 


m 


The**** lacks U.S. dolor rates of stocks hr. Tokyo. New York, London, and 
ArnwiUna, Australia, Austria. Belgium, Brwfl, Canada. CM*. Danmark, Finland, 
Fra nco, Ga miany. Hong Kong, Daly, Marico, MaOwrianda. Now Zaatand, Norway. 

Spain, Sweden, Sw taar tand and Venezuela. For Tokyo. Now Yak and 
London, the mfcr £ composed of the SO lop issues in forms of market ca piiMu t tK jn, 

otherwise the ten top stocks am tracked 




*53 


!rote 

Slid? 


^ fodtf striat Sectors | 


wm m « 

don dose cfaige 


WhL 

dote 

Pirn. 

does 

% 

dang* 

Ene^y 

111J6 111£6 -027 

Capital Goode 

11050 

110.68 

-0.16 

unto 

116.64 11SD5 +051 

Raw Materials 

123.49 

12232 

-4.96 

f Ftanu 

11627 115.18 +1.03 

Consumer Goods 

- 9550 

95.73 

-024 

- Services 

11421 11456 -0.31 

HtaceBaneous 

126.43 

124.40 

+1.63 

For mare MOtm^Jon about the Index, a booklet Is avaOabie free of chafge. 
WritatoTrib Index 7fli Avenue Charles de Gaule. 9Z>21 NeuHyCedex Fiance. 


© ftsemohonat Herald Tribune 


By Lawrence Malkin 

Iniemtuioruf Herald Tribune 
NEW YORK — F inan cial mar- 
kets waited nervously Wednesday 
for the Federal Reserve Board to 
drop the other shoe and raise inter- 
est rates after the Bundesbank low- 
ered them. Wall Street wants to 
bear a powerful message; perhaps 
stronger than the Fed itself w ants 
to send. 

But without a message from 
Washington before the Federal 
Open Market Committee votes 
Tuesday on interest-rate policy, the 
dollar first jumped almost a pfen- 
nig against the Deutsche mark and 
then slumped back. 


The volatile government bond 
market barely moved, but then 
came under pressure after the Trea- 
sury’s auction of 10-year notes met 
with a weak reception from inves- 
tors worried about rising long-term 
interest rates. 

The dollar finished in New York 
at 1.6683 DM, down from 1.6725 
Tuesday. It also M to 104.250 yen. 
down from 104.415; to 1.4250 
Swiss francs from 1.4329; and to 
5.7210 French francs from 5.7305. 
The pound strengthened to $ 1.4965 
from $1.4887. 

Financial markets were buffeted 
Tuesday by rumors that the 
Bundesbank and the Fed had a 
deal to move interest rates in tan- 


dem, with the federal funds and 
discount rates each going up by 
half a percentage point to match a 
similar German cut But when the 
Fed made no rate adjustment an- 
nouncement by midday in New 
York, its usual time of activity, the 
dollar had lost its overseas guns. 

In Washington, Treasury Secre- 
tary Lloyd Bentsen said he wel- 
comed the Bundesbank’s rate cut. 
He reiterated that the U-S. govern- 
ment did not favor a weaker dollar 
and said Tor the present, our inter- 
vention has succeeded.” He point- 
ed out that since May 4, when half 
a dozen central banks threw an 
estimated S3 billion into the mar- 
kets, the dollar bad risen convinc- 


ingly against the mark and the yen. 

Officials did not rule out another 
intervention if necessary, but it was 
dear that the next move to support 
the dollar was up to the Fed in the 
form of higher interest rates. So 
what is the central bank waiting for? 

Fust and foremost, the Fed does 
not want to be perceived as being 
hustled by aggressive and bearish 
young bond traders who have grown 
up on high inflation and low growth 
and cannot believe that the reverse is 
possible — as it was in the 1960s. 

“Alan Greenspan, of course, is 
approaching twice the age of the 
average bond salesman. He remem- 


By Tom Buerkle 

International Herald Tribune 

BRUSSELS — The European 
Union has reached a broad trade 
agreement with Russia that will sig- 
nificantly widen Moscow's access 
to the markets of its biggest trading 
partner, officials said Wednesday. 

The so-called partnership and 
cooperation agreement is one of the 
main elements in Western efforts to 
support economic reform in Rus- 
sia. It will offer the possibility of a 
free-trade pact with the Union 
sometime after 1997 if Russia 
mokes progress toward developing 
a market economy. It also calls for 
presidential meetings between the 
two sides twice a year. 

“The agreement is verv ambi- 
tious,” said a spokesman for Sir 
Leon Briuan, the EU trade com- 
missioner. 

Sir Leon sealed the accord after 
tentative compromises two key 
stumbling blocks — trade in urani- 
um and access for European banks 
to Russia's market — in telephone 
talks in the past two weeks with 
Alexander Sbokhin, the deputy 
prime minister and economics min- 
ister of Russia. Differences on 
those issues have blocked an agree- 
ment for six months. 

A spokesman for France's per- 
manent representation to the 
Union was guarded about the pad 
however, saying the uranium safe- 
guards were “very vague” and did 
not appear to be sufficient 

Officials of the European Com- 
mission. the Union's executive 
agency, briefed ambassadors on the 
accord on Wednesday and the 
Union’s foreign ministers were 
scheduled to review the deal at a 
meeting here Monday and Tues- 
day. The agreement must be rati- 


fied by the Russian parliament and 
the 12 Uni 


See DOLLAR, Page 12 


Union member states. 

The agreement would abolish 
EU quantitative restrictions on 
Russian exports of steel, textiles, 
cars, televisions and radios and 
vodka, while improving guarantees 
for Western investment in Russia. 

In 1992, the most recent full year 
for which statistics are available, 
the Union imported roughly 14.3 


+0 5f 

billion European currency - 
($17 billion) of goods from l_t__ 
mainly oil, natural gas, oihe +0 7f 
erals and metals. That rqwer^f 
□early half of Russia's expor — 
amounted to more than 20 '0-3 3 
U.S. imports from Russia am -o ^ B 
ly 10 times Japan’s purchase-^ ^ 

The Union, which sells i_ 
mechanical and electrical nrfl-33 
ery to Russia, had a trade de' 4 . 0.54 
more than 3 billion Ecus it- — 
and U billion Ecus in the fir7r _°l 
months of 1993. 

The key to the agreement 
compromise over uranium th.--— - 

Russia’s demand to include ir ” 
leriaJ in the trade agreement 
satisfying French concerns emmK 
die need to protect its nuclei 1 

industry. 

Under the compromise, th 
sides trill exchange letters in l.'*’.' 1 
Russia will pledge to mainl ml,,c 
stable and viable uranium iot 
that does not need to dun it h, 
output on Western markets. iesve 
the Union will hold out the \ 
bility of joint consultations ix^ ni . 
of any turmoil in the 
Union officials said. That arr.,^ 
meni would allow the Unit 
impose quotas in case of any 
in imports that depresses ura" 11 
prices, they said. an * 

In 1993, the Commonweal 
Independent States sold the lpul( 
about 3,000 metric tons of um ir 
um. roughly 25 percent of EU.h.\ 
ply, for around SI billion. Thei 
no separate figures for Russia^,,,-, 
ports, but they account for they . 
of CIS shipments, commission 
rials said. .. . . 

On banking. Sir Leon's spt J 1 
man said Moscow had pledge** 11 
exempt five European banks 1 
a recent decree barring for de 
banks from accepting depc-ill 
from Russians. The banks — A 
AMRO Bank and ING Bank o k . r 
Netherlands, Sodeti Generate 
Credit Lyonnais of France. . . 
Dresdner Baak of Germany — . 
opened offices in Russia before/,; 
decree was announced by Presi* 
Boris N. Yeltsin last Novembe^ 

The spokesman said die com: 
sion hoped Russia would drop 
decree altogether in 1995. 




INTERNATIONAL MANAGER 






.-.T •. 

, iw oa rf "■•••■ 

&*9£flh f*?’. : 

jfau-x** r*. ' 


Huntsman Buys and Bides His Time 


Mfcr 


ft**** 


By Kathryn Jones 

New York Tima Serna 

S ALT LAKE CITY — When the going 
gets tough for industrial companies, 
Jon M. Huntsman bops in his jet antf 
goes hunting. Chemicals are ids game, 
and the Utah billionaire has buBt the largest 
privately hdd chemical business in the United 
States by snapping op promura properties at 
low prices when the industry goes into one of 
its periodic recessions and when big corpora- 
tions unload chemical assets. 

These days, be is taking aim at some huge 
tarsus. In late April, Mr. Huntsman, chair- 
man and chief executive of the Huntsman 
fre ^ |M «Tm iUmI the Ursest and perhaps nsta- 


Soriet Union with bis mentor, Armand Ham- 
mer, the late industrialist. 

Mr. Huntsman’s scrappiness and habit of 
watdnng every penny has deep roots. Born in 
Blackfoot, Idaho, in the heart of potato coun- 


try, Mr. Huntsman dug potatoes and did odd 
jobs to r 


help his father, a music teacher, and 
Ms m o th er make ends meet. 

Mr. Hantenan, who had harbored dreams 
of being an entrepreneur, in early life formed 


Oiiu wuwa — — - , 

, completed the largest and pertiaps — 

est deal of his life. He and Koijrgiito. one of 


est deal ot ms me. J — , 

Australia’s richest men, paid $860 million for 
Texaco Inc’s worldwide petrochemwal opera- 
tions. The acquisition will almost fojU* 
size of his Tamfly business, to about $3.4 billion 

in annual revenue , , 

Last week, Mr. Huntsman *sc! osed that 
he was in talks to acquire at least part of the 
Sal operations of ^othcr Am«ican 
company, which be would «« /denuly. 
"XSiing of these deals, m itemdffleof 

the waretcbemical down mm m recent mem- 
urinSeHuntsman. He has often gone 
SS wl wisdom, buying *ta> 
Xf^sdliug and lying low who. plams 

are humming and prices high. 

“WethMk that once again, as we did in the 
r wecancatch the market upswing, 
I9SO&. Mr. Huntsman 

Salt Lake 

52^ m fSS with mementos from his 

S5 ^ » ***> ^ ^ 


The Utah billionaire has 
built the largest privately 
held chemical business 

in the United States. 


Gx, which makes a range of chemical prod- 
ucts and which is now a separate company 
called the Huntsman Corp„ wiJ] give Mr. 
Huntsman's chemical operations diversity 
and make it one of the largest suppliers of raw 
materials for products such as soaps, deter- 
gents, mouthwash and toothpaste. 

Yet analysts and even Mr. Huntsman say 
the latest industry downturn, which began in 
late 1989, has been deeper and longer than 
expected because so many companies built 
petrochemical plants in the 1980s. Dozens of 
companies have reshuffled or cut back chemi- 
cal operations. 

When the Texaco acquisition was an- 


nounced in September, some analysts ques- 


Ms own business that made plastic . 
mg, including containers for fast-food pi 
acts such as McDonald" s burgers. In 1970 he 
sold tha t company and started over, sowing 
the seeds of his current empire. 

Mr. Huntsman has since assembled his 
collection of companies by betting on turn- 
arounds and sticking out tough times. Once 

he even pledged his bouse as partial collateral 
to acquire the polystyrene plant of Shell Oil 
CoTThat 1982 acquisition started Huntsman 
Chemical Corp„ which makes raw materials 
for various plastics. 

A separate company, Hun tsman Packag- 
ing Corp M specializes in pa ck a ging and has 
bought businesses from Goodyear Use * 
Rubber Co, Mobil Cotp. and Hoechst Ce- 

lanese Corp. _ . . 

The recently acquired Texaco Chemical 


tioned whether Mr. Huntsman had paid too 
much too soon. 

Bui Mr. Huntsman’s timing may be on the 
money a g ain, analysts say. Mr. Huntsman 
said be noticed the first price increases on 
chemical products in March. Analysts said 
the industry has hit bottom and is on a “slow 
torn,” although they caution that it will take 
several years to make a turnaround. 

Jake Gam, the former Utah senator and 
vice chairman of Huntsman Co&, said Mr. 
Huntsman had an instinct fra* timing. “He 
sees the big picture, " Mr. Gam said. “He’s 
not one to say. ‘What’s the market today or 
tomorrow or even next year.’" 

Since the Huntsman companies are pri- 


vate, they do not disclose eamings. But ana- 
say Mr. 


lysis say Mr. Huntsman has a good record of 
tuming aroond unprofitable operations such 
as the Texaco umL His typical strategy is to 
cut redundant administrative costs, close in- 
efficient plants and fine-tune operations so 
that plants run more efficiently. 



GiUe Leaves Credit Lyonnais 


By Alan Friedman 

International Herald Tnbime 

PARIS — Francois Gffle, the managing director of 
Credit Lyonnais who is being investigated for the 
bank's role in a Swiss bankruptcy, resigned unexpect- 
edly on Wednesday. 

Mr. GOie, 58, who was accused by a Swiss judge in 
February with complicity in the bankruptcy of Sasea, 
a Swiss company that received loans from the French 
bank, resigned “with immediate effect,” according to 
Crhdit Lyonnais. 

Sasea. together with Giancario PaireUi. the contro- 
versial Italian financier, ran a web of companies that 
were backed by a total of S 1 billion of Credit Lyonnais 
loans to buy Me tro-Gold wvn-Mayer Inc. in 1990. 

Mr. Gillc was charged by Judge Jean-Louis Cro- 
chet a Geneva magistrate who is investigating the 
1992 bankruptcy of Sasea. Also charged in February 
was Jean -Yves Haberer, who was removed as chair- 
man of Credit Lyonnais last November and then fired 
by the French government on March 30 from his new 
job as head of the much smaller Credit National. 

Edmond Alphandery, the economics minister of 
France, said at the time of Mr. Haberer’s dismissal 
from Credit National that there would be a special 
inquiry into how Credit Lyonnais had been managed 
under "Mr. Haberer. but that the inquiry would not be 
in public. Credit Lyonnais posted a loss of 6.9 billion 
French francs <$ I billion) fast year. 

In an apparent reference to the MGM affair. Jean 
Peyrelevade, the new Credit Lyonnais chairman, look 
pains Wednesday to thank Mr. GiDe for not hesitating 
“to sacrifice his comfort and his personal interest to 
take charge of a whole series of extremely difficult 
matters, the origin of which he was extraneous to.” 

The bank said in a statement that Mr. Gille was 
“carrying out the intention he had already expressed 
on several occasions of devoting himself to new activi- 
ties outside the group, once ibe work on financial 
restructuring allowed this.” 


Credit Lyonnais also announced that Mr. GiUe 
would continue to work for the bank over the next few 
months in order to provide a smooth transition. His 
responsibilities for general finance, capital markets, 
project financing, administration, and human re- 
sources will be given to I wo members of the bunk"? 
executive committee. These will be Pascal Lamy. the 
former cabinet chief of Jacques Delors, president of 
the European Commission, and Dominique Bazy. an- 
other Credit Lyonnais executive. 

“I wish to insist (his is my decision, it is one I 
discussed with Jean Peyrelevade several months ago. 
and we felt it was good for me to remain a member of 
the (earn up to the end of the work on the plan for 
financial restructuring.” Mr. Gille said in an interview. 
“I am now free to go. It was planned that today would 
be the D-Day." 

Mr. GiUe stud the bank had asked him to continue 
to follow matters involving MGM. Mr. ParreuL and 
Sasea. Credit Lyonnais now owns 100 percent of the 
troubled Hollywood studio, and is hoping to sell it in 
the next couple of years. 

Mr. Gille said he would remain a board member at 
MGM, as well as at Crediio Beramasco. a retail bank 
subsidiary in Northern Italy. The bank said be also 
would continue as chairman of the supervisory board 
of BfG Bank AG. the Frankfurt-based Credit Lyon- 
nais subskfiaiy- 

Mr. Gille. a graduate of the National School of 
Administration, joined Credit Lyonnais in 1975. HU 
resignation comes nearly two months after the bank 
unveiled an ambitious 50 billion franc restructuring 
plan aimed at restoring it to health so it can be 
privatized within two years. 

The restructuring calls for a transfer of 40 billion 
francs of dubious and nonperf orating real estate loans 
to a company that will be managed by Credit Lyon- 
nais and guaranteed by the state. 


Derivatives 

Undercut 

i 

Air Product* ■ 


Bloomberg Bioina’ v»i» ■ 


ALLENTOWN. I’cnnsytit 
nia — Air Products & Cbeou ) 
cals Inc. said Wednesday i a 
would take an after-tax cWg s 
of $60 million against first ^ 


quarter eamings because of de Jj 


nvahves contracts it enlem o 
into with Bankers Trust Nev n 
York Corp. 

The company, which make: 
and sells industrial gases, en ^ 
tered into five interest-ratt o 
swap contracts with Banker: *- 
Trust late last year. The swap: a 
were bets that U.S. and Eun> ® 
pean interest rates would re- ^ 
main stable and were lever- 
aged, meaning that profits or_ 
losses could quickly multiply. 

The swaps were “unaccept- 
able and inconsistent with our 
traditional conservative ap- 
proach to managing our debt 
portfolio," said H. A. Wagner, 
the chairman of Air Products. 

.Air Products’ loss is one of a 
series of setbacks companies 
have suffered in derivatives 
trades with Bankers Trust. 
Procter & Gamble Co. and 
Gibson Greetings Inc. alsof 
have said Lhey lost money on 
similar transactions. 


CURRENCY & INTEREST RATES 


Reforms Sought 
By Shareholders 
Of African Bank 


Cross Rat#* 




i (a) 


May 11 

nH B o sJ. Vrt C* Panto 

* . aM. P-F- 4™ DJq Si. U VS 1J«5* w* 

* JJM5 1.125 83 V* M-us - 3UM &3J15 KU SS" 

-Sssssas •* s - 

a a i=-ss s i s s 
'*» s - -s. s £ a - at 


Euroctorency Dopostts 


Dollar 


D-MaK 

1 roanttt 4 hrl ^ 
smentBs 4-»w6ta 

4 moults 5 »t5Vb AH 
1 year SiW* 


kits 

Swiss 

Prone 

State 

Preocfi 

Prone 

Yen 

May 11 

ECU 

SIUV. 

s-5 

5V*-5Vi 

2W-2V. 

S 'iv5 

yi±* 

SVB-5W 

S*r$ h 

avs-zvi 

5VS-5* 

Vfo* 

5VW5T. 


VU-Vk 

5W-5V* 

3»"4 


*►5* 

Zto-21-3 

5 V5 ’v. 


; 


5S»* *- w 

'■ 4W “ '^r. U®' Tin 3U1 “*W 

Peri* » S ™ S' S 1XS* - 

TMflte 1:081 « naff a? 1 ’ w . , 2 Ml mas L 33 W. 1 H 

*** um iw win 

j“ u is s h h 

... IK; MM: * A ' W 

Tm?"""*- ' 

nfltek 


Santa: Reuters* LJoVds Bank. 

L ,^innnr » Intertxx* deposits of St million minmwTT lorewfvakmi). 


Ksy Moiwy Rates 


mum em. 

Wh^DoflsrVrfuw 

I *™ " nrl Caaona^ 


Per* 

WlWr Per* EJS 1306 ^ 

CttmoCf SSS* tLZeekralt ’f™ UJjwooo 7JU 

AmxrOL s Jrr, uvea- fw* 1 * pottpew —j.. mm 2 £ 2 > 

ess; js ssss Jg « ot- » 

s £ ss- s — — — 

g 

»dai * MoT 

*—**+2, in** +£ SSS— { a SS 22 

Qwaeev '-*** S? ms****'*” 

PaKOtS MrtM , 1^8' 3 ;joJ toDo 


Qirmeer 
S.A it.ru* 


a-y: 


■vj!'"" 


United Stott* 

«*OBWtnite 

primraM 

Ffderot roods 

HMOttCDl 

CeomiaperUiM 

mrtam Tra — r tua 

Knar TreoiMt MU 

fryaarTnawryaoj” 

frrwTfWBwvwd* 

?-rear Treosgry note 

jMOTTrtamnJjoa? 


Clou 

Prw. 

Britain 



100 

100 

B<sK base rot* 

5V» 

SV4 

ttfc 

W 

Cap nwanr 

4 Vt 

4% 

3Vk 

3H 

Moott HkWoek 

5S. 

5 

AM 

400 

Moon™ mfram 

Mi 

51b 

4.9S 

SJ» 

Vwaalti tatateok 

SB. 

SVz 

421 

+24 

B-reorOttt 

803 

s as 

551 

1T7 

Praaca 



6.17 

412 

InJenfeortoo nrt* 

540 

540 

752 

&H 

CotaHiaer 

5+4 

5+4 

709 

4J? 

l-noatii WertHRk 

5iv 

5 T. 

M 

712 

lotef&cok 

5% 

5H. 

7j60 

750 

buaatk tntarberax 

5* 

5V> 

It 113 

3L12 

lO+rearOAT 

493 

499 


pwaHiirdc 

CaXtnoner 
uQdats iiiw nun* 

KMffar aoverimeiP 
g meaner 
minb cr d rote 
ContuMMy 
wnortti 

Mooatti WO** 1 * 
i n e n r Bwd 


1 % 

100 

I'M 

7H 

UQ 


1« 

ztn 

TM 

TM 

7% 


Sources; Reuters. Bloomberg- Merritt 
Lynch. Bonk of Tokyo. Commerzbank. 
Ore en rr e O Mo nt a gu . OddULvomotL 


Gold 


453 

•444 


AJN. 

PM. 

Cii'se 



ZBricti 

37170 

38145 

+ i.to 

408 

6ft 

LAitOan 

37050 

vwsn 

+ 435 

555 

548 

New Yarn 

37V JO 

3SZ70 

+ 190 


5W 

5.10 

SOS 

tM 


5L3S 

SL20 

S.15 

6J1 


(AS. Honors oer ounce. London Official lu- 
fngs.’ Zurich Omt New York opening (WTctos- 
Irs prices: New York Come » iJunei 
Source: Reuters. 


The Associated Press 

NAIROBI — Shareholders of 
the African Development Bank in- 
sisted Wednesday ihat the bank 
undertake fundamental reforms 
before they inject more money. 

“We want major commitments 
before we agree to an increase in 
the share capital.” said Jeffrey 
Shafer, a U.S. Treasury; official, a't 
the bank's annual meeting. 

Alvaro Teles of the private Por- 
tuguese Association for Develop- 
ment and Cooperation, a share- 
holder, said the bank needed 
“belter governance. 1 ’ 

The bank, which has headquar- 
ters in Abidjan, Kory Coast, is 
seeking to raise it* share capital of 
S22.3 billion by $2.5 billion. 

The pressure for reforms has been 
fueled by a report saying the bank 
has become too bureaucratic, places 
too much emphasis on quantity of 
its loans instead of quality and lacks 
proper means of assessing the viabil- 
ity of projects it finances. 

" Babacar Ndiaye. the bank presi- 
dent, said that the report “calls for 
a fundamental restructuring of the 
bank, its policies, procedures anJ 
culture." 


A true collectors item. 
The only coin watch 
for the connoisseur. 



CORUM 

Maitres Artisans d Horlogerie 


SUISSE 



sc 

ch 

» 


J. " 
“ e 

«. i- 
_ £ 
•e • 

"3. 


«r», - 

S 


-dot 
nitej 
* a 


3 74 


a - 

m, 

ham 

ufnrt 

Tet 


s. & 


"«P 

UUN 

llora 

136 


IS 


ms 

1179 


S? 

a? 

UE 

jsly 


pe, 

»ia 

tl 

d 

om 


phe 
ma 
non- 
i pak 


d. 

wL 

s. 


IN 

& 

MU 

0 


- rt r,v iji, ir 

















INTERNATIONAL HEKALU TKIBl : N£- THURSDAY. MAI 12 « 3994 


?age 8 


RKET DIARY 


U.S./AT THE CLC 


ijt S. Bond Auction 
J _ lills Blue Chips 

jji; -J/«wtfv»y: Busutus a m ns tar and when the Federal Reserve 
'n | : YORK ~ Weak demand Board will next raise interest rale 
gi?X- -nesday at an auction of 10- all kepi investor* away from ihe 

|fe kisury notes sent U.S. credit auctions. Thai left the major bond 

to;5 '°A ra Tr • tumbling and pui pressure firms io take up the securities, and 

US ;*."**■ as well ilv-v did not warn them, either. i 


v« Auociakrf P'‘"» 


Dow Jones Averages 


EUROPEAN FUTURES 


Daflv closings of the 
DOW Jones industrial average 


Metals 


they did not warn them, either. 

In faun. (he bidding indicated | 


|: h InauguJ benchmark VS. Tmwrv >■ ^ 

IS proclaim lid l 4/32. to S4 7/32. and ,ha . , 1 "“JJ ** u 

■ - - -- reallv want the bonds. Trader* hdd 



open HWi low to* 019. meiais 

Inou*. 3660.57 3661 76 347X10 M39JH -27.3? CIOM 

Trani 1H4I4 »5»5.46 1565.67 IS470S— 2605 53 

UiH 103 23 18X 54 177 77 I78JS — £01 ALUMINUM (MtSft Grotfe] 

Como izai^i IWO.’B 1241 27 1243,«— It 41 pgjipri per metric ton 


Previa us 
BIO ASk 


Dollars per metric ton 

Sol 1300 JO 1301.50 UBUO 130450 

?Swor0 132450 1J29J0 133X00 MUM 
COPPER CATHODES (HHjn Grade) 


vkx tv .si 

HW Law lbsi m WASHINGTON l AP) - General Motors Com. 

ISS Sag jgf = || SjjS US. goveS^ent arm c|u need Wedneday; 

£5 !£§ SS3 ffig = | LabOTSecretary Robert Reich said that GM, ** hat the k 
™ iSS w* private pension svstan in the United States, will unmedialely conti 

Est. volume. o«*n m.. too* ^MonXoci from its Electronic Data Systems subsidiary anj 

Sim^uRi uw «*«* make $2 tallica in payments later this vm aid again nottyearjfe 


industrials 

Tranw. 

Uliliim 

Finance 

SP 500 

SP10D 


Standard & Poor’s Indexes gfflSKBffiH'T “™. SWHS!S , .Syffiliui..w niakc $2 Wilier, in payments laier Hus year and again next year. Tfc 

„„„ low com ciroe SU™ HR# 5"® S3 £218 J» }*}? 8* "I :ffi requires appeal from the Pension and Welfare BenefiBAdminMr, 

F-ar- ««* g p ill » ii IB 

MLZT “ k | ii | in 

4txat 408JQ 4WA3-1M 85* 574000 StbOflQ TOflflQ 574100 Jgl N.T. N.T. N.T 1*74 +002 1 Ittt • \ 


Vice 

Vofi 


NYSE Indexes 


<- fj _ fo 4 ... tii ,„i ruin wain me iiuuci^iiau 

HI I!!! “Jr ^ 7 P expected an average yield of 7.34 

k percent, but the result wax an aver- ^500 

r ' ■"? - U “ daV U-S. Stocks age of 7.36 percent. Moreover, the 

f in highest accepted Yield wa* 7.40 per- ^ 

M i\? ouad d 49 percent on Tuesday after cen i. and about a fifth of the bonds N D . 

SfS l f anme'Miy encountered I listl^ were M , d al lhal rclurn- in di- 1993‘ ' 

Jf tfnrasfidananaucnonofabuuiS *- that bidders had submitted — 

^ I] j C ™» m n ‘i >l . Ci '- . r offers far above ihe expected yield. 

| * 5 ddr ^ f?“ en ? !?[ not really expecting to end up with 

tjpouth Af.week-s. bea n >h bond taiiUu lhe no[( ^ Only I.XS bids »rre re- NYSE Most t 

JCfy.Y and fc bearish stock markets. The K|ved f ^ seCTjn , y M far 

®.;s Most Hones industrial average fell . f , L ™ "*» 

I iVhich oMo 3.62 q .tM.BIue c^ps were Telefonos de S Mexico wua the gJgSw J ™ v. 

l^*i’Hghtton v a pregram- m0S |_ act jve NYSE issue, down conrfv 

, ;s ud prov* sel -off hn.ugj .1 the index us [0 ^ Ulililies ^ olher interest- ^ a 

lu, tingled . 3-^3. HI at one point earls m il0 cks were weak. SS-T ir 


N D J F M A M 
1993 ' 1994 


NYSE Most Actives 


VoL HfcFi Low Lost dig. 

WJ540 s*'» W-j B'. — 1 

Jirva ;.-j 5-. s*-* — *« 

J0&14 44'u 4?'. 4’ V — 1 ^ 
3J28S ij'u i?'- !** 1 

34IV4 SS J 4 w 

30084 I3‘< IS'j I3‘» — I't 


14- ; Ii*-. — 


Mish Low Law dig. 

Cc.npai.rc 214.00 244 1* 244. jr —2.43 

IrulL'ilrkiJi 104.81 301 A 31104 —2.21 

Tramp 74Z05 7 JO 56 7JO.O(, -.JJJJ 

LUa.lv M.I5 108 il 109.04 —4.07 

F.rvro- 208.58 207 02 307 Ji — 1.23 


NASDAQ Indexes 


Sol 5740® 5350® 5100® 5765® Jgl N-T. N 

F^word 5B70JW 5«25.» 581X00 5840® P« . " T - 

TIN EsI. volume : SA7 1 

Mtars Per m *g^ 00 539W|D smflO 

Fopvard 5440® 545000 544X00 545000 StOtt 

ZINC f Special HWl Grade) Hteh 

EMIkirs per melrlclon ^550 FTSE 100 ILIFFE) 

ISUrd WM WJO oS® *67® OS per lnM> nlal 


US 'M +ft® a division of tfk UboF Dcparuneat. • . .. 

15.^ is® M.74 1x73 +001 The nation’s JJo. 1 auto manufacturer ended 1993 with an unM 7j%*’ 
its 113 lin S3 +SS! pension Mtfof S£3 billion, by far the larjesi in the aatrau^^ 

nr NT. N.T. N.T. 1X74 +tUU \ • _ . . 

•L.~£:JS: ^ OKa-Colk Banking on Polish Thirg^ 

Stock I ndexes W'ARSAW ( Retiis) — Hoping to strengthen its lead in Pokuuf^ ^ : 

Hieti low oom caange growing soft-drinks iparket, the Coca-Cola Co. opened Aree new '-r;- • 

Kk'ffi and distribution plams worth S150 millionin the country on Wed^o-:. ; - 


Ktgll Low Last Or a- 


Comw^r 

Industrial.. 

BOrtKi 

Insurance 

Rrance 

Tranw. 


T7S.T1 714AI 7 K..<.1 — 6J» 1 ,77 
7S2J7 742.07 342.07 —9.67 1 
7072! 698.73 6*9.05 -1.13 rSi 
B93 Ti 884.75 884 25 —7 57 i£. r 
*04.94 903 n 903.72 —7 JIT 
715.07 704 73 704.73 — 9J5 *17 


Financial 

High Low Close Onnge 

3-MONTH 5TERLING (LIFFEI 

EStHUMO - BIS of MO PCt 

Jun *4.70 44.62 *4 jW + 0® 

Sii *4J9 94 JO 44® +0.10 

Dec 9146 *3.74 °184 + 0.15 

*3J0 *3.10 93J* +015 

Ton 95.76 *1*3 *2-74 + 0.10 


31fJ8 iiaS alto -IIS At an opening ceremony in Warsaw, company exenioves 
Sec n.t nx 3111.0 — im invesunem brought tht number or Coca-Cob plants 1 to Poland 

and raised the 1^1 aintiniunent in Poland by CocaUola and its 


AMEX Stock Index 


9470 

9462 

9409 

+ 009 

9409 

9*30 

9438 

+ 0.10 

9XM 

*3.74 

°304 

+ D.12 

9330 

9X10 

933* 

+ 0 15 

9X76 

*163 

92.76 

+ X18 

92J9 

*115 

9208 

+ 0.18 

9102 

91.7? 

9103 

+ 0.15 

91 JO 

9100 

9109 

+ 0.13 

9106 

*1.18 

91.27 

+ 0.14 

91.10 

9UP0 

91.10 

+ 0.15 

*1® 

9004 

9100 

+ 000 

9005 

90.?0 

9005 

+ OlIB 


CAC 48 (MAT IF) 

FF508 par index twin t __ 

May 2105® 21e0® 7177® +15® 


to S3 14 million. 


Htgh LOW Last CBS. 


43581 435.74 433 17 —iM 


EM. volume: 100*89. Ocen >nl ' 508J98. 
3-MONTH EURODOLLARS (LIFFE) 

SI million - Pti at IM pet 

Jim 44.97 94.93 94.75 + II 


Dow Jones Bond Averages 


94.97 

94.93 

9475 

+ 005 

94J9 

9426 

9*06 

+ 0.06 

9XB3 

9J.BI 

9X79 

+ (105 

93-55 

93JS 

«XS3 

+ 007 

M.T. 

N.T. 

9307 

+ 410 

NT 

N.T. 

9306 

+ 0.1? 


Mar *X5S *3-» <xh 

— - jun N.T. NT. 9X57 

Sep N.T N.T. 93® 

9®® En. volume: 1417. Open i m.: 9ESI. 

3JHONTH EUROMARKS ILIFFEI 
CITge DM1 mttllon - pis of 1H Pd 


Pjyjdends 

Company Per And pav Rec 

IRREGULAR 

Daimler Benz AD5 b®104 5-18 S24 

EtDIl Lid . ® eO 7-4 

Nations Gv! I nc2004 - .06 5-20 5-30 

Teva Pnarmacetit b JM6 5-24 6-21 

0-aporax amount per ADR. 


jy. Sjis 27 yiume was 277.40 million voimeni gradings on seven tobac- 

Jt; J^ormoun. on the New York Stock Ex- co-relaied'stock.v — ■ 

f 1 *! f^p Speed e. down from 2^5.17 million j n over-the-counter trading. NASDAQ Most Actives 
i^&tvident i- that were traded on Tut>- technology issues were lower. VoL ^911 low Last 

Sj. f('‘:nt of t Shares of computer d^k-drive pemus aer** u*. 'J nj- 


- v. W Bonds 
10 Utilities 
10 Industrial; 


— OAi Jun 

— 028 Sep 


9537 95.16 

*518 *5® 


NYSE Diary 


$ gonaJ C: auction of 10- year Treasury makers fell amid concern that the 
^14 vo-lhiri drew the weakest demand in industry may be headed for a prke *^. 11 
J 15. aaiional.i four years, and yields were war. analyst said. Seagate Technol- Ervo> 
14 brand ci r highest levels since Presi- ogy fell 2H to 21>*. Conner Peri- loS? 1 . 
Ig t Bill Clinton was elected. Con- pwrals lost I hi 10 I2'i. and shared 
£•-. n <■ about inflation, a falling del- of Quantum slid 1‘4 10 M’j. 

KtJ Micnii 

3, MU* romo: 

gii ■ y. _ _ . __ rtavali' 

ForhOLLAR: Fed Stays Its Hand 


VoL 

High 

LOW 

Last 

aig. 

667ft* 

U 1 . 

13 

13*, 

• ( 4 

73021 

■T- 

21 1 , 

21 V* 

— J 'f 

67133 

30 

7B‘- 

27 

- !■? 

57330 

15 V. 

U'.fc 

14V, 

— | 1.4 

47806 

60 

58', 

591, 

_ 

332*3 

44-. 

O'k 

44 

■ 

30767 

la' , 

14', 

14'k 

— 1^11 

30740 

IB 1 , 

17', 

17>, 

1 1 (J 

284.14 

9* 1 '. ■ 

71’, 

3? 

— 1 4 

2518° 

'j..' 

29, 

3', 


3W99 

!?*• 

l6'u 

1 ftVfci 

*/ | P 

m?7 

JO 

30' , 

301, 

—Ml 

jin>* 

41 

Jfl'.a 

39" , 

• 2* 4 

7081? 

jy 

18*, 

19". 

— J* 7 

10280 

I,-*. 

16’.* 

io:-. 

— 1 


Urcnanoua 
T-7lat ftyic: 
r+ovr Hrghi 
New.- L'WS 


AMEX Diary 


II . W ■ 4W Al JLJL«.a X CM 

jjs ii! ucal p 

||? Contmoed from Page II 

s| . W. d ncHiinflalionary growth.” Carl 


ed raising rates for the firsL time in 

five years. 

Economists outside Wall Street g-a+TBrn 


AMEX Most Actives 


AdvanCL'd 
C^clin+a 
unenanaed 
Toldl 1551 ws 
Ntrw H r-rff. 
f+ewLovw 


668 1357 
1551 887 
60S 614 

2824 7829 


dose Prtv. 

743 30’ 

345 281 

71 1 720 

79* 816 


*4JM 94® 

94® 94.66 

*441 *445 

94® 94J?7 

*4j)l *4® 

"187 918* 

9DJ7 9173 


Eit voiuma: 25+506 Open ml.: *89.70*. 
3-MONTH PIBOR (MATIF) 


W* 3 ij 1C das running amok while the bed before it overheats. But Lyle Gram- 
I?: ive ... - ley. a former Fed governor and 

I tr ««y S Foreign Exchange now chief economist for the Mort- 
1 Tne gage Bankers Association, said a 

y, ’S- Jserv \Ues its collective Angers. This is cut of that size may not be enough 
, 40*: on of-up f^r jui unru |y markeL” lo calm financial markels that “are 
^^here has been a movement to- ^rribly roiled. 

“ ®?J responsible economic nun- _ Mr - Hormais agreed that Wall 


day tunning 


Foreign Exchange 



VoL 

High 

Low 

Last 

dig. 

EipU 

I 15 SI 

r- 5 . 

Ul 

I'm 

— "‘hi 


11696 

n>. 



— '.v 


I 1 S 79 

4 'fci 

J 

1 '., 



9641 

3 -., 





8320 

? 8 i. 



r 1 4 


6050 




tla 


5440 

10 ** 




ALC 

5707 

79 V. 



1 ''J 


48 ?t 

r.*n 

w 

l?»i. 


IvoiCp 

4714 

18 ', 



Market Sales 


NASDAQ Diary 


• • fp»- Jn “-up for an unruly markeL” lo calm financial markeLs that “are 
j* Ls*oo^ ere has hwn a "Hwemem to- lerribly roiled. 

>.V responsible economic man- c Mr. Horanis agreed thai Wall 

^ h Jwe %eni around the world” said Sinsei would mn settle for uuaner- 
ij‘r en Falconer of Aubre\ Lan- P oinl nse heCause 11 WWJ,d onl > 
1 i $ : frae . r & Co. He said t he legacy of the m ' T ^ 10 come an d fuel con- 
uijfc ’. ne per Fed chairman. Paul A. uncertainty while markets 

ii ffi; wyi-ker. was that “you don't print wa i* ne .' tl ontf - . ... . . 

ij ki ne n tev and you rely on moderate Bul Mtckey Levy, duef financial 
1 '3-: enla vih.** economist of NationsBank, said 

r* te.b the Fed should believe in ils own 

/ k; SooS^f J ‘ ^ 'J 0 ; chj '™ ,w | forecast of a gradually slowing 

s U'. id apoldman Sachs Internationa economy and raise rates Jess rather 
;< fc temi ? former government ftnaned |han mi i re 

• U‘: vial, said he thought the United 


NYSE 

Amen 

Nosdoa 

In million*. 


Advanced 
Declined 
Unchanged 
Total h.sii« 
NcvuHiflhS 
New Lavra 


Spot Commodities 

Commodity Today 

Aluminum, lb DJ71 

Coffee. BroL, lb a.94 

Conner elecirol/flc. lb 1*7 

Iron FOB. Ion 213® 

Lead, lb 014 

Silver, irov oi sxu 

Sleel Iscrap). lan 13733 

Tin. lb 16712 

Zinc, lb 04548 


Inn 94J5 *4.46 «JiS + 0.0* S’™™**"™' 1 

Sep 9x83 94 jj 9413 -r O.i 1 Presflue Fncl 

Dec *4® W.71 94.79 T fiO* 

Mar 946* 94® 94® +0.11 

Jun 94.40 *02 94.40 +0.12 SlOfe Mutl SeCSi 

Sea 94 10 94® *4J3* +111 1IU 

Dec 9X83 *376 *184 +011 

Mar *161 9155 91M +0H7 BWlP Holds 

EsI. volume *5.950. Onen mi.: ;ix*5«. 5NC LovallnGo 
LONG GILT tLIFFE) Rl 

CSOJMO'PlS&Rnd* Of IN PCt Aovonln Co B 

Jan 10+07 103-14 103-27 +0-07 aEStcSiSb 

Sep 103-00 IK-24 102-23 +0-10 

Ell. volume: *0.20*. Open ml.: T24.7D8. ca n Occidental Pel 

GERMAN GOVERNMENT BUND ILtPFEI Cleveland Cliffs 
DM 250®0 - Pts of 1 BO PCt Caa Ballv Enav 

Jun 95.57 *4^6 94.99 -OJ07 Federal Mosul 

Sep *100 94.20 94 J* — (LOS Fortis Secs 

EsI. volume . 239^64. Open Inf : 213.23. Greiner Engineer 

10-YEAR FRENCH GOV. BONDS (MATIF1 HaMtaCoro 


llflm Ii«® 2176 ® +'lio Sroda SiaskaTin western Poland, and in the central of Lodz, bdi| f- - 

2= nx toj® ill® ihe total capacity of Coca-Cob's Polish operations by about 35 peri,. ■ . ■ 

. volunlo: 26634. Open fet.: 74.166. * T f<!> ^ 1 

g^ 2 ^wsarUES£ Federated PostsHigher Jbamings J;:f • ^ 

Ifefrptfum-. CINCINNATI (Bloomberg)— Federated Department Stores Incj'./r.- ' . 

rldends Wednesday its earnings rose 4S percent in this year's First quarter, dt - 

lower costs and higher sales. • 

loiy per Ami pav rbc The operator of Abraham & Straus and Bloomrngdale’s departs; v- 

irregular Stores reported earnings of $32.2 million, or 25 cents a share. con^ J-- . - 

■tor Emit ADS b®!04 5-1B SM op^^g earnings of $21.7 million, or 17 cents a share - 

i fw£5c c 2!? j g tv «f comparable period a year ago. In the ftisi quarter of 1 993. a charge oil ■/-'■’ ' 

wax amount per ADR. milli on for the earlv retirement of debt lowered net income U>~Jr *" 

reverse stock split million, or 14 cents a share. . 

u rVvVi^uf' 1 ' Federated attributed the iraprovement in cost control U) the central: 

stocksplit lion of its operations, investments in technology, and higher revenue^ . 

m»» cdo 3 »r i spin. credit operations. - ~ r . . 

rrslon Indus ore share of PDG environ- * 

al Inc for eodi five Of ConvftrsJan. imn O 11 /\*1 T? 1 T1 * 1 . 7 

YPF Sells Oil Exploration Rights 

initial BUENOS AIRES. Argentina (Bloomberg) — Yacimientos Petrol^- 

" : .!o tio ti? Fiscal es SA. the Argentinian oil company, said Wednesday it had agT-_ ’ . 

SaSbiwn ! til tx j to sell exploration rights on the Rio Neuquen oil and gas fie‘i> •• 

iiseFnci . ns s-is 6 -i Compania Naviera Perez SA for $160.8 million. t;. 

reduced YPF said it will receive 90 percent of the payment within 10 daysj^ " 

Mutr Lea " ^ ^ ihe remaining 10 percent when the government approves ihe saJe.'vrf •- \ - 

a Hoidn o u 6 -is 7 -a K expected in the second half or this year. Compania Naviera Pertt s . :- - 

Lovai inGo 9 lor s-25 6-8 six groups that submitted offers for ihe Rio Neuquen field. ; .^; 

regular YPF, the former state oil monopoly, was partly sold to pn^-;. I- 

«&■ o ® 5$7 “^7 investors in Jane 1993. A condition of the sale was that the- conn iC . — ' 

LSldSiaiPfti a m Ml it would sell off the Rio Neuquen field in order to increase comped) 


REVERSE STOCK SPLIT 
t am Air Tram Hoi 09 s 1 lor S reverse spill. 

95J4 J- BX6 Clitna TeK Inc 1 tor 2J reverse split. 

!5i* taw STOCK SPLfT 

9<ft6 + 0 04 Celanase Cdo 3 lor 1 split. 

94.45 +0414 Conveolon Indus ore share of PDG gnviran- 

94 27 + 006- menial Inc for each live Of Conversion. 

94® + D.06 High Plains Cp 6 lor S sphl. 

933* + OXU Owens & Minor 3 for 2 solll. 


Ceian«e CSa n 
Enex Resour 
GP Fncl Cp 


SNC LavallnGn 


Aavonla Co B 


REDUCED 

M 27 5-31 6-30 

INCREASED 

O .U 6-IS 7-6 


m sS? “^7 i Dvestors m J 0116 1993. A condition of tf 
^0 *t!i 70 I would sell off the Rio Neuquen field in < 
jo 5-74 6 -s ; among Argentina's natural gas producers. 

.IP 6-1 W5 1 

.17 5-27 6-10 i _ , . rv- , a 


sr^-wniw iM® + 0 ® isSff-*. 

IZ 153 153 153 

Esl. volume: 208.719. Ooen ml.: 134.171. McDermSfl, 


M 4175 5-25 6-15 

O 4)7 5-27 ft.]® 

9 .ITS 64 6-38 

O 4)6 5-25 ft-10 

O .15 5-23 S-30 


Electronic Display for SEC Filings 

NEW YORK tNYT) — Mead Corp. and Disclosure Inc. announced^ 


( ’oni ( 


__ Esl. volume: 208.719. ooen mi.: 134.171. McDermott Inll 

Nations GvMoc2D03 

Industrials ^iS^TrnlT 

Prev. Hion Low Lon sen In Cfew Quaker Ooh 

OjJJJ GASOIL HPEl * L ' | 

g-«4 ujj. dollars ner metric fen-lofs of 100 tons j K.oe 

Mov 152® 151® 15X50 152® -0® wJfX^s 

z, l^ Jun 15175 151.00 15175 1ST® - 0.75 I „ 


*;] agreement to make Securities and Exchange Commission filings avaOJ 
a jg 6-1 ms in electronic form over Mead’s Lexis and Nexis on-line services. 
m « 514 s® The new data services will allow businesses to use computer termu^, . _ 
o so fiJS 5^5 to search through tens of thousands of current and archival SEC dol. : 

§ u tao 7-15 men is, including data from the commission's electronic system known . 
0 . 112 s 6» 7-1 EDGAR — shon for Electronic Data Gathering, Analysis and Re trie^j . 

a J? t?5 tv Disclosure will also provide an index of all SEC documents from 1 968^. ' . 

thepresent. T\ 

Canadian funds; m- Terms of the deal announced Tuesday, were not disclosed. v ' . 


131 -/D I9I.W IDl-O I3IJU — U.O Iwmornr mnramt «r Ann 

152® 151® 15200 15200 -075 

153® 153.00 IS3J59 153.00 —175 --reconf date unannauncod. 

155® 154.75 154.75 155® — 1® a-annuol; 9-fWYObH! In CWlOfflaa funds; m- 

157.75 157.25 157® 15775 -1® monthly: a-ouarfert,; ^iSJISSSiwI 


Silver (rains as Demand Remains High 


T*' 

Ll-S 


‘ .es and Germany did have a 
r. j-u.vsion on interesi rates, bul not 
• ormal agreement. “They tele- 
ph their mu\ek to each other." 
>aid. 

Jncentumy has been the law of 
market eier since ihe Fed 
inged course on Feb.4and siari- 


TOOURREADKS 
IN GREAT BRITAIN 

ll's never been easier 
Id subscribe and save. 
Jusf call toll-free: 

0 800 89 5965 


Blttmhvni Biaiih\i .Vm» 

NEW YORK — Silver price, jumped Wcdne- 
dav. amid especial ions thai strong demand and 
falling mine nutpuL arc keeping consumption 
ahove supply, traders said. 

The Silver Institute will release its annual .survey- 
or silver supply and demand Thursday. Traders 
said the report would probahly show that con- 


Commodity Exchange, while June gold gained 
52.90. io S3S2.70 an ounce. July piaiinum n?se 
$5.80. to S40I.10 an ounce, on the New York 
Mercantile Exchange. 

Much of the 39 percent rise in silver prices over 
the past eight months has come from a suige in 
demand from India and Thailand, said Joe Rosia. 
research director with CPM Group, which helped 


monthly: «-at«rferf»; s-wm+onnuof Disclosure is a subcontractor to the SEC that has been disseminati 

the commission's data since 1 968. Mead operates Lexis, pri manly j djf- - : 
base of legal informatkm, and Nexis, a broad data base of documenisat; ' \ 

_ periodicals. Until now. Mead's services have offered only a lina*'* 

Kussia Legislators Back selection of SEC document. ‘"V - 

Centrist Budget Targets : 


liament. despite s*>me resistance d TO OUR READERS IN BELGIUM 

reformers, approved targets for the ; );3r;J 

1994 budget on Wednesday that . , i # i .jv-if 

,|K '' s never been easier to subscribe,, 

iowro?^ D dTi; 0 ons 3 ^i 0 7 n’ and save. Just call toll-free: 

rubles 1S3.75 billion k based on ex- A QAA 1 7CAO * 

penditure of 194.5 trillion rubles VJ oUU I / JJO 

and revenue of i 245 trillion rubles. 


sumption outpaced .supply for .i fourth r-iraisht compile the report. 

year, drawing down stockpiles. "Demand is rising very sharply in newly indus- 


vuij'uwAi * bfl rr V ,VI 11 Ul ‘ n .’uaiKiii 

year, drawing down suck piles. 

July .silver rose a> high aa 55.5 1 an ounce before 
retreating to settle up 15.3 cents, at S5.47. on the 


trialized countries," Mr. Rosia said. Indian fabri- 
cau'on demand more than doubled last year. 



and save. Just call toll-free: 

0 800 1 7538 


ftdneaday s 4 c. 


VORLD STOCK MARKETS 


[?5 !<;• lltl9**9 Troncs Trnsc May 11 
kfr T | CtaMPrw. 

gal 

k. S ' de Amsterdam 

J:, - 5 S 

I at^f Nobel 

34'. fl'" a l6Wwsonefi 

5'" aiJS 

fc U rXw 

e.J TW-Brocoan 
j*;< ;;‘i g 

Cinrtra 

*Sr £ J3!S!tr 
3; it" I 

Jjj. i«‘l *1>P BT 
?+• I*;- v-dlhnrtf 

I:;:- 'stsr 

U'. « • l I.IIIK 

3^ f • i 

K> li* . j “ibeco 

jKtomcD 

- ilfncn 
3i ij'.| lirefito 
Jl; ijvoI Dutch 
IJ-: ii :I %rk 
!*"• 14 -t .litew 


I.S. FUTURES 


Snsot &m<n 

Hsn Low 


Own High Low One Chg OoJnt 


Sham Seoul 
High Low 


Open Hfsh law Ooie dig OBJ* ' ~~ 


Vlo Auooamd dm 


Helsinki 


Amer-Yhlrma 

141 


Enso-GuMell 

J90O 


Huhlamoki 

219 


k-O.P. 

mu 

12 

f.vmmene 

113 


Meira 

1 H*i 

187 

Nokia 



Pahiala 


91 JO 

Reooia 


Siocknwm 

735 

?35 




. Season Season 

i Mfeh Low 


incncape X40 X45 

Kingfisher 573 5 87 

Laabroke I Jo ljp 

Land Sec ojU L57 

Lanortr 7.88 *.*0 

Losmo Ijp I®. — 

Legal Gen Grp lsi 4® I Aj»a 

Lkurds Bank X85 558 Boncaii e ICIel 


5.40 X45 

1* Paris Sydney 

lAJ L57 Accor 731 ry Amcor g 

7.88 7.90 Ajr Liquid* 820 811 ANZ 4 

1® 1® Alcalel Alsihom 687 683 BMP 14J 

+51 4® Ajro . 1354 1350 Bara I X 


Open Mali Low Clc*. Dig Op mr 


May!) SUGAR-WORLD II INCSE) nj.oocit^-tmiww. m 

1250 *ISJul7J 1183 122* 11® 122ft 

lt.» *«i>3*4 1143 121ft 1163 1211 

On nr n.® T.i7AlarW HJ5 H.R» 1IJ5 11® 


*X570 *0 JM Sep 94 94380 9090 *4.150 *4.180 -HB4MUM Vj 

-0.43 50X34 *5100 WJIODecM 91830 91340 *1M0 *1700 — II04C14H : 

-149 35.497 *5580 *0240Mer*5 «®0 «X5M 91/H) *1440 -90 HUS' . 

0J5 16^51 94.730 *0JlDJun*5 91290 93290 91130 *1170 -4020UH •. 


IOJ7MO»95 1141 1140 11.41 11.60 - 03J 2530 9+530 9IJTI0Seo95 *14170 93J®} ‘.>2.920 91940 — 301IW3 


;3 a aF* 


Camdev 5’- 5 

CIBC 79‘7 2**« 

Canodfan Pacific 20*4 21 

Can Tire A 11*. 12'^ 


Pedland 
3135 33® Reed mil 


675 68 4 Elf-Sm»H 

5.05 5J» Eura Disney 

X4J L54 G*n. Eau« 

5 485 Havas 


'*•- - j. ,iilew 
S J i.'r:! .anOmmeren 

Tilfers-’KIuwer 
}}V * DE Index : 41257 


337® 

U5® 

6*® 

7*® 

40.931- 

7520 nong (song 

3135 33® - — 

so Cathav Pacific ii® ii® Reuiers 5 4X5 

n S?“ n ?, K Sl 37 33 RMC Group 8® 8.75 

7B China Ughl Pwr 39.75 3825 golfs Rovce l.*J 1.94 
49® Dairy Farm Inn 1 1 JO iom Roihmn funlli 3 93 190 

51W Hang Ujrtg Dev 13 12 ® Roval Scot 426 440 

77 Hang Seng Bank 51 44 PTZ a VJ IV 

119 Hender son Land 37.75 3725 Salnibury 3.00 3*3 

,{020 HK Air Eng. 4JJ0 4775 5col Newcas 5® 5J9 

HKCnina&ai 15 ® IS |ca. Power 3^4 JJ? 

HS.WWrte 2110 22.10 Sears 128 1.27 

206 HA Land 21.30 19.90 SET 11 Trw ” 4 - [e tsc 

T '■“ s, 2, -*° at* IM 1 7 -«> /-a 

05-50 82® S!rte 5J7 587 . - 

«S‘S SrMn 9 M,| i ii.io 1 1.40 ™i [nN8fllifw I.jr j Pwpeor 


Marks Sp Vi* BIC SlRf 

MEPC 4 ® 482 BNP JftlWIftsS cSnalca 

Nall Power 4.15 4 07 Bmraun 67* t75 CRA 

NatWesf 444 «4l B5N-GD BBS 86* C5R 

NlhWsl Wafer 483 475 Carretwr 2JB5 2058 Fosters Brew 

Pearson 661 nJ? C.CF. 246.70 2«0 Goodman Field 

SAP . 8-«7 7m C yrus 114 11380 laXjMralia 

PliUnolon 185 1.91 Ch»n»eurs 1463 141* Magellan 

Power Gen 4® 4® Cimenhs Franc 33ft 145 mim 

Prudent ml 3® 3 06 C uh Med 445 446 Naf Ausf Bank 

PankOrg 4 10 416 g j-Agullgine 429® 426.00 News Coro 


'X57 'S2 Ca™ 

075 0^6 CCL a 
4 40 4j4 Clneolex 
480 4*0 Contincn 
itaS i6® 

4.74 469 

1® IJ3 


Denison Min B 
Dowsco 
Dviex A 


M 22 3 7’ 

4.15 4.10 JJ6 

»*9 9H 3J7 

4»* 4® X6S 

204 201. IAji 

22 22i: 3 J5 


Grains 

WHEAT (CBOT1 S 000 tk. itmemm- umftin pw MiJvj Tue 1 

37’ 2M Mav*4 ll6*i 120 316‘V 1I8'.» i XCJ 13* COC 

X56 2.96 Jul 94 3.22 173L 12H: X2Pi 27,4*1 1365 

3J7''j 102 5eo«4 US'a 3271- 125W 125 W 6.*» 1377 

X6S 109 Dec 94 1359: 137 -. 13ft , QJXH. 7.697 1389 


I W3 10®fel»S II.J7 11® 1137 11® 

1140 10^TOa*5 1155 

1135 ILSJAtar 9« 

EW sales 32,404 Tue's. K6H IQ.*ll 

Tue'S Open ini 107.136 up 410 

COCOA (NCSej iamH|KI3l!-l6«UI 
1365 9*9 Jul 94 11«0 1247 11 


154*! 377 Mar *5 3®Vi lAPu lllh 140'! '001L 585 


0.07 086 3 47L XII JUI9S ]JI J73ii 3JI X7IV> -OOl'-i 125 '"7 

20*5 TOW Est.sakB NA Tueisries I5AU 1350 

072 073 Tue's Open ml 42.995 oft W 14P 

19V, HY WHEAT (KBOT) lAQDbumyvmunv ftcaora per bushel 14QB 


1<| 147 IUI IUJ ru..,B*n«n m w i«J. iJTUUecvj |, 

jit 74 ,n5i Echo BOV Mines 144* I4’y WHEAT (KBOT1 !AQ0 In, m«inwn- decora per 6UUK.I 1400 l35DMar96 

16* EaullV silver A 082 082 37*'! 29B Atav«4 X24 127 X18 12215—031 2J7 1345 l 225Mov9i 

VS iiS FCAInll XftO 35: 3 55 2.97 Jul94 332 J3SV, |.7ll» 324V.. 082 1X916 ESI. sales 1X479 Tue's. 


1070 Sea 94 1711 1273 1210 1271 

KU1 Dec M 1250 1307 12S0 130c 

1077 Mar 9J IJ07 1305 IM6 1337 

IJTIAAdv *5 1227 

IKS Jul 95 T388 

1265 Sep 95 1399 

'2*0 Dec 95 1380 1437 1380 1435 


v? 8 S ^SS Nine Network 
7,-S N Broken Hill 
3548 2627 Poc Dunlop 
451 j® Pioneer Inn 


■ i 'ii it .n FCf! Ifltf A 
8^2 880 Fl»lc*» r Chall A 

IS 3^5 Centra 

475 ?73 22L«*S"“ 


Pi 7*i 
18 17V, 
6fe 6"; 
04* 0.4ft 
A15 4 'm 

IS 1 ! 158 


X5-<"! 30?'i5ep94 123 327', 13? 376' . -CUC 1 , 38® Tue's open .TO fln*54 of 056 


ICWpKN Ul 1341: X3I 3849! -0®', 4.356 OH AN a E JUKE INCTNI kad««h ■ nn K . n 
ITS, Mar 95 314 13 M Ul .O-M'S 419 Ui® 84.0QMOV 94 91 SO 7385 91® 4 

321 V: Mov 45 Ul -0.07W 77 735® *120 Jut 94 *370 *5® 9380 9 

322''t Jul 75 US 1 082 1 5 12 *34.® 96®3er*4 9585 97® 9S45 9 


3 24 321V! Mov 45 

134": 323 1 '! Jul 95 

Ell. sales N.A. Tue's. sales 


Inlefprov pipe 
Jan nock 


5® 5J9 Ma Tro-Hacherte 134® 1J7 Wood side 480 4J0 . 

3.76 167 MIChellnB 251® 24X10 ®««SjS1hp. iiuiw^oJ® 

1-3 1.77 Moullne* 7353) 1J6^ PreSfe^ros®^ ' 

4je 482 Paribas AJ4.90 «180 ifbf’wCo 

780 783 Pediinev Inn 171 7e5 

527 587 Pernod- Rlcard 39020 387JKi 


. Br 

:g pm 
rtlca 

la .r .area 
*C ekaeri 
iv ; !; ,• ockerlll 
•'2 • I'-'. £ ,4*ePO 
t,. f feihglze 
3 ii :? rlectrahel 
!■: -t ns 


i Telecomm kto ij’to SmiihKilneB 

107® KFFerr, IOJ0 9*0 Smllh fWHl 

I Huleh Whampoa jaa 2880 Jun AiiKmce 

.-oofi. * h ■' son Dev 2 21® Tate&Lyle 

Jardine Math. 55^0 53 ™ Tmcd 

Jorame sn - hic jJ.eo Thorn EMI 

Bntecple howtaon Mofor is® wen Tomkins 

DTUSSeiS Mandarin Orient 1C® lain TSB Group 

-’4® :*W Mirpmar Holcl 21 40 20® Unilever 

5100 5200 c£2' 5', 0 . rlia Dev 2J80 27.70 UM BlSCUlfS 

2570 24W tllv P " 5BV 47 »4® VnCatane 

. 77325 27150 lIi r Vp~. J ? 385 War Loan 3‘.- 42J0 42® UAP. 

11 199 192 |“"TePacA 57® 54® Wellcome S75 580 Vafeo 

5*90 5670 T“' '-heung Prps 10® 9® WhIIDreod 


— Pewpeai BTj 904 

4® 48ft Prlntemos (Aul 1053 105* I OKJfO 

'i-BS 5.07 Rodlofectmiaue 550 543 Altai Elcclr 

332 33S Rh-PMjfencA 1509014930 Asahi Cllcmtcal 


4® 4J9 RoH. SI. Louis 

2J5 X28 Redoute (Lai 

1187 11® Saint Gabaln 

144 2J7 5.E.B. 

2.20 118 SI* Generale 


'JJ® Asohi Glass 

BonV 01 Tokyo 

™ gsasr"* 

644 646 CoS> 


AAagna Inll A 564 

Moot* Leal 12V, 

Maritime 23'9 

Mart Res 6* 

Moi son a 23*s 

irw l-wi I Noma Irw A SV. 

J" ™ Noronda Inc 2S'i 

!£S lt!S I Noranaa Forest I3i* 


30 X*n 
IB 18'. 
70*h 21'V 
23W 23’ a 
*+» 9', 

56": 57 

13V, 12V, 
23'* 24 

8>i B's 
23*1 23’*! 
5V. 5*0 
25'i 25', 
131!. 13 


lift 1 '. 23ftV.Mov94 IS* 1 ', 258V, X55', : TJjJV. ,001 4.2)4 1UJ5 101 75 May 75 

3 16V. 241, jm*4 256 ’■i 1 * 7.5 5V, ISBUiiO-OI 134 1® 179.® 1 05® Jul *5 

29?l, 2«Ji5ep94 788’ , 152 28? >» 2®W 1 080 4ft 33806 111® Ill®5ep95 

273>, 23**: Dec *4 241’.) 24S‘-i 240W 784 . 0®W77J35 Ed.sati.-i 1 *00 Tue's soles 

2.7ft, i 247 (Oar 95 280V, 153 28»Li 251' .- •0®’- 8 704 Tue's open inr TS.TDft uc 441 

283 253' ,MO! *5 253 256': 253 25SV, -00CH, 95* 

?.B3'.'« 734 Jul« J.54'/, 257'j 734', 2J7 tJOl 2167 AA 

:®'| 143 Doc 95 7 85^ 146', 145 24S"i 187? m 

Ed. sate NA Tue s. sates «l.ft4tt HI GRADE COPPER (NCMX) fUOOn . «nr,i*Ti, 

Tue 5amnifl^tf8l9 rtf 3107 I02M TlvOMav *J 98® 98 05 WOO 9085 

SOYBEANS_IO#OTT [ aMhmMran. amr.muviH 976J 74.10Jun*4 9035 74® 97® W 10 


9X05 

91 00 

97 J5 




9340 



*7 JO 

9X45 

96 «0 



98 JO 

■M.VI 

««J0 

• 11a 


100-50 

9800 

99 JO 




in 10 

10100 





10X60 





103 M 





10400 









- 034 1.300 94360 91. 100 Dec 75 92800 72*10 92740 *2760 -71141807.- 

-03? 499 54.770 90? a Mar 7ft 72840 92660 72700 92730 -8H3M27 ' 

•0J2 40 EsLsatOS 679861 Tor's. sate 772.187 

Tue'sapenM 2J96850 \» Itjlfc 
BRITISH POUND (QMER1 (pcrpnina-liMiteaiKftiSUSn 
1377ft 1.4474 Jun 94 18064 18950 18850 18926 

»J* 37818 1-5200 1.J44S50FM 18646 78M4 18844 78*22 'O l.« - 

.43 14885 13170 18500 Dec *4 18*X *60 X. 

• 34 8.934 13170 14640 Ma- *6 18*38 *70 R . 

•36 ULftSC Esl . hubs 12.09a Tue's. sots 23.125 ■ .' 

• 3* a Tue's DOT n» 47870 o« 3B*3 - 

• 36 27M CANADIAN OOU-AR (CAAER1 in, *- | <98011 • . 

•36 546 0 7805 OJHSJunM 07245 27257 27M 27748 —7 J9JR •* 

• 36 67* 0.77® 27068 Sep 94 27228 27224 0J714 27316 —ft tOT. 

-36 3 27670 17038 Dec 94 27187 27195 27105 27193 -4 182 

-34 4.903 27405 aWOMcrtS 271 TO -4 V 

07523 06*WJun95 271® 271 S 271® 27140 _4 W r 

Sep 95 07130 277® 27138 27127 -4 .1 

EM. solos 3.771 Tue vraa 4,703 
■085 M7 Tue's wen IM 43,990 Jit 523 




Metals 


"ffl til. “2 2 * 4 ’, ' 0 - 03 ^ X*l 07.95 74 ®Jui *4 98 N *275 97.70 9680 

5 - 941 , Afl-M 661 6891 , * w fc 67 - 2 W 64.700 I KUO 74 K>S«J»J 97 .J 0 97.65 *690 9700 

*-» *-M 4631 - 6 S 4'5 ft 40 V, . 983 ', 13.207 101.70 75 . 75 Dec*! 96 ® 9690 *605 7605 

6 IT 5 w« 6 J 0 6® 6 79 '.: 635 ■ 087 '! 7.125 95 M 76 90 Jon 9 S «« 


S2 jJIS Norcer Energy 15** 15V. 

i*7n it® Nfherri Trlecom 42'., 42 'n 

iTTS IK" Nova Carp 10»« i«r> g 


'27? 10J8 T2S M 316 to Nippon Prio. IM IPW ^ “ 

3-5J 153 | Tnomson-CSF I7T 16^50 [ DgIw House \S4Q 1540 I sSHP.TS 


5^8 • £35 I ^oioV 


&£ ^I^Haja 

1610 1505 
*470 4415 

*870 9SI0 , ii--, — — fc, , 
70*0 67*0 Previous : 054489 
10875 IJS25 
347D 3490 


i»ju Fanuc 

Valeo 1375 1346 FullBonk 

5.72 5.70 ) CAC 40 index : 217674 Full Photo 


is ^ SecuriM ” ism iffl ^ l 


l8d Williams Hdgs 38* X*6 I Previous : 216488 


BJ-U vvimi iL-s; J* 1 ® 27 JO Willis Corroon 2ja 

^ »i!S Stt™ KS'^ 

«I0 H»»S Seng irtex: 6986. fe P-TJ-t" 108 ,mfe? ; jj 


' B t - . . 44*0 4415 

>.». .-• fe Mvaen oj70 *« I0 

6 '.redlelbanft 7040 69«j 

r> ' 'einiMna 10875 IJau 

J'.C "owertin 3470 3490 , 

«::h'*Sj®EU S8 Johannesburg 

50.. ■* .u JU>l8HlDwlA4w... «>9' ' AECI 


Previous : 1114JM ' 

Madrid 


??*■ Ir it *oc Gen BetQioue 2415 i*h [ *ECi 

si': fci I ■nfl' 1 - 1 ISftrs ILJ75 


,-® Bca Central Hi&p. ^fna mS T'rtJJima 310299.9* Kirin Brewerv 

"0 W Oonco SanrarKte 3% 22 Pofo™«wnema 2250 20 JO Komalsu 

d 2 ™ Jit Bone-Jo tfj? P«3£W 109 105 Kiitralo 

IS -“-TJ CEPSA 4ft*a iiJ Teftebrai u 44 *o Kvocera 


previms : 216458 Fulftiw 

Hitachi 
Hitachi Cable 
Honda 

— Ho rakoao 

Sao Paulo nocnu 

rouiw Jooan Airline? 

Banco do Brasil 23 40 2450 Kallma 
EKmcsoa 1150 1330 Konsai Power 

Bradesco (650 1670 Kawasaki Sleel 


v*: :.-..e.olvav 
;i : . fe .-rccwbei 


I60?s i«oa 5 n,ta amer 

HUM HIM Barkiws 


j&fMfme,* ^ IMS? 

ij: : A- F : rnM1 p*S5H*> 

}».• *•-!; Gencar 

!s.; OF5A 

I.5.J i-. "I 1 * Hgrmonv 

Frankfurt E!SSi ,rld s,ccl 

: ;i .^AEG 185 70IS4J0 Grp 

“i.-r A'llOAft Hold 2644 7673 Pondlonlein 

• 4 ! • l Aflona 6 M ftjt Ruselat 


39J0 4275 CEPSA 

HS 

s.’ss &r™ 


VQ. VoleRioDoce 10650 


23M pwicara o 

71«0 21B0 

>£S 1UII SSS^nce 3C 

™ Rogers B 18 

Poihrnoni 

cJm iiS Royal Bank Con a 

S*™ 9 centre Res 13 

^ SJ Scan s Hose 7 

949 *41 Seagram 

3a» SearsCan 7 

Shelf Con 41 

12S isS Sherrill Gordon 1 1 

719 n? 3HL Svsiemhse e 

’Ji Soulham IB 

6T7n Aim Spar Aeroirece 17 

SSS 5 tH CO * E 




i«a iu Bowispa Index : 15460 
iJJ I P**9toas : 15479 
«30 4575 
J06O 
1775 1770 


Askc 
j*' ■ E BASF 
■ ■ 'I Baver 
- . c Bov. Hypo bank 
E Bov Uereinso* 
f BBC 
«- BHF Bank 
, BMW 

c Commer^iank 
c Coniinenlal 
^Daimler Beru 
r. Drgirtsa 
-'Dt BObCock 


41J0 4350 

eojo so 

101J5 100 

NA. 39 
2* 7} 2475 
N A. NA 
IS* 17} 


Singapore 


92} 915 J^BTftws 101J5 

371 318 JO SI Helena NA. 

323 380 Stna 1 24.7} 2 

454 469 SJjiSSIUra- A f 

485 4*3 TO esiern Deco 159 

'SO 73S Com p eg te inde, ; 541115 
440 440 Previoas : MIMa 

*31 *2X50 

36335950 

60733X53 London 

S30 5?6 Abbey Nal'l 4.1; 

267 2i. Alllea I vm, cit 


ifeS 15 - w Sm ssssa & as 
itiEhar 3 iM» » « 


j«e xt? 


!«%«. 8 8 BT R II 
1 uisFT r tesw" - is ii 
iSL nil Ilf |;| 

™ ^4,/jg I^Circfe ISL 

i ttS? % t7r M »H ,er if S 

; k.i&nerwerkei^J jg gjg oST™ 


I Linde 
1 Lufthanva 
■ Man 


— *ftO oa*4i_io gjp 

• Mannewnann 46150 460 

Mffellbeseftl -T^ Come 


Mitttltoesetl 

MuenOiRueck 

Porsdie 

Preossao 

PWA 

OWE 

hheinmriaii 

; Ifhertno 

■ J £L 

: Siemens 
J Ttivssen 
3 Vg/hl 

3vh» 

£*vew 

gruoa 

ayMUswa*™ 

JWeiia 


?4l -T- nue 

MC M cSCL 

DU Rfl jd-9 WS VlffljQ 

747 *0 342XD ? om '"Vmon 
Grovp 


124 1 ’6 

101 110 
860 6JH) 
152 555 

i-tO 453 
<06 4M 
X9ft 4 Ha 
2.«8 2.96 

1 48 152 

301 166 

3 91 3.»? 

IM 464 



Cerebas 
CIFy Dev. 

DBS 

Fraser Neave 

oenllng 


460 Mitsubishi Bk 2740 2730 rSmmirr.. fr.i 

Mitsubishi f.asel S2« SI? rUSJiSTSSIn IS.' 

MJvjtjishi Elec ft?7 614 P 0 " 0 2®^ 

Mitsubishi Nev 6*8 6*0 r S S u tiiS 11111 ,1 

Mitsubishi Carp 1190 1170 TramCrE Plrw 17, f 

VUtsul and Co 793 78? ?Ji5?f£| a ,1 

Mitsukoshi 9*o 970 TrJrSSc 

ire Mitsumi 2030 2010 TrlzKA 0J7 

755 7m N ^C 1160 11® Unkafp Energy I’j 

7.45 7J5 NGK Insulators 1100 1000 T5E 380 index ■ 4168^0 

11.30 1 1JC Nlkkosecwllfes J340 I2M P?wSSs : 4in» ,M - M 

IBJ0 |« in Nippon Kogaku 1OI0 *B8 

1X10 fefo Mlpoon Oil 740 734 


43'. 0 


IlfV. 

IIP g 

2(1 


V-. 

3’ 5 



I«4» 

10A- 

0J4 

UJ5 

IH 


30*, 

M=t 



81 


26‘, 

76': 

U J . 


r+ 

/■*, 

J9 

3V--0 

7', 

?■> 

01 

41*. 



8*3 

9 

104. 




0 1 .* 

8'. 

1 1 “A 

r 


22'» 

la’ti 

16V. 


20V» 


2 JO 5 . 941 , Jul *4 661 609 1 , lift 663 - 0.04 64.900 I KUO 

7 J 5 6 J 8 Aug *4 LW 663 V. 6 S 4 ", ft 60 V, . 93 D 1 , 13.307 101.90 

4 . 09 '. 6.17 Sa>94 630 6 38 679 '. : 6 J 5 .(Un'i 7.125 95 KS 76 90 3 an 9 S 

757 V. 554 WM 0«94 611 616 '* 610 615 -MOV, SlJUft 9 » 3 M 7369 Fd) 9 S 

M 2 fiJ *SI»«* 801 V. 4 JW 107.50 ?3 00 Mar 9 } 9650 75 ES 9550 9 sJS 

*■!! K 2 T « ‘ ' 478 'ft 00 ' -1 1.723 94 ® 76 a 5 Mav *5 *AJ0 

9 f 0 ; 7 ' WL 5 *- 2 ' 01 "39 'M 0'4 488 *4 10 7600 JL 4 95 'UjU) 

6»s 62f Julw ftJl't.OOIV, 7 |l 7700 15.® AuqVS 07 40 

c 3 ?" A e ' M 'Om 1569 *360 79 I 0 i!?*j 9400 « 6 U 9600 MJ 0 

Esl sate NA Tims. sate 40 . 1,5 9220 75 Tooa 95 Bftis 

1 u.-sc 4 wn.nl 1*1 099 aa IJBO 7 ? on 77 »Nav 95 

SOrBEANNlEAL CCBOTI letenmr^i., 9340 00 , 00 Doc 95 9 TK 

VS 00 '«?« ' 87JM 1 MM . 1.10 1.509 9 JJJ 4 

2 WCO 185700 X 94 18 ft JO lg>M 18600 187.70 . 1 00 J 7 . 3 M *725 W.TOMflTfft Sis 

2733)0 lg 60 Aug 94 11500 I 86 W 105 ® 1 0 ft JO ‘ 0.50 IX 5 M 94 M * 4 M Apr 96 mjs 

71000 I 6170 5 PP 94 18300 1 64 JO I 8 XS 0 I 04 JO tig Ell srtK llorn TlUute o^u ^- ,S 

Mft.oa 100600 c ! 94 mn !«I 6 I I8O.IO lai.ia -, 1 » 5*15 Tue toPoniri'°* 5 191 ^ nH^Ulft 9MS 


100 t Esl sate 5S.Z79 Tue’s. sote 52.2*0 s -■ 

2J0 Tue's open Ini iMjtSI oH 4fM9 

JAPANESE YEN ICMERJ I w w i„ric<ubgMMI. „ - '• 

0.<M795dfU108fl71 Jun 94 03X195800 00*6381.00950003119577 * 23 5WH. > 

O0IM13OJMB942S£|i*ft XOO?66llU«l97B7aOOWdlllJ»M71 +25 

OJltWOOJXraSDec 94 03»9750a31(?977aU»W745QJ»9753 )■ « V . 

0010 1500609990 Jun 95 03X1991 9Un9*31)0J»991 50009933 *35 « - 

O0HI12aL8S»S3aMcr9* 0009837 *31 »* 

JJ5 3.970 Ed. sales 34610 Tue's soles 49.267 • . 1 

200 1073 Tue's open ml 6X470 OH 1011 

70O42JOB SWISS FRANC (CMERl Sow Irene • . peM««lsH0Hl „„„ 

160 8.767 07174 OJSWJun** 06970 0.7037 Oa93* 0.7010 - 3J3LJJ * , 

160 6794 07190 00600 Sop *4 009*5 07063 00991 07034 *38 *» ..... 

155 07170 00885 Dec *4 07070' -V » 

150 Jun 95 071® ** *. - ' 

■S ’-i** Est. sides 19.740 Tue's. sate 27072 . !' 

5 Tin's open Inf 361 63 off 740* __ •. 


73200 1 04 60 May 94 IHift) 10700 18670 18690 .1.10 1.509 93E4 

2 JO CD 185700X94 18* JO Tff»0O 18600 I87.W • 1 00 J7.308 *?J5 

• 7300 10500 Aug 94 11500 10690 105® IMJO .0.50 1X500 94M 

71000 10370 5+P 94 10300 18400 10300 I84J0 6654 Esl s< 


i I JS 402 
• 1.70 
' 105 

i 1 30 452 


Industrials 


70000 180 Ip Jem 95 100 00 180.50 179 M 17980 —0 40 I.S37 507 0 

1*4 M 181 »Mar*5 111.® 1*270 181 » 10190 —610 1.1 IS 5*GO 

19300 182. DO Mar 95 18200 18100 101® I8IJ0 —1.10 741 5865 

IS8 2D 182-50 Jul *5 10300 1 8100 181.91] 18J^o -0.70 4M5 

Esl sate NV Tue's sate 14.9*9 57;* 

Tue s Open ifO 86.7® «1 686 iftj'n 

SOYBEAN cm. ICBOT1 uuwanr.-an6.sw, .an,. *nj 0 

*4S 71 30MCTV 94 704* 368* JiS MW , n .ait 


34 '» 74**5 
14 14V. 
IT*: 10 

4-15 4 45 
IS’fc. IM, 

0J7 072 
V: 1>, 


*4S 7IXMavft4 70 48 718* 7848 nu 

39J0 :1X5JUI«4 20 40 78 81 78 JO ££ 

7*30 71 .5 Aug 94 TH 10 7653 78.IC m.41 

70 40 22. <0 See 94 77.55 J7.*5 7705 77 0J 

7780 27.10OC1 9ft 3655 27® 2655 2652 

27 05 0*0 Dec 94 ?S 70 7620 2500 M® 

7605 73.65 Jan *5 Kft4 3600 7503 2190 

JfcftS 36 10. Mar 9S 7S» 7X75 3S 40 35 » 

7*60 34 6 7640! *4 ?5 15 75® ?f.J! TiM 

^ ^ W 7X22 35 JO 

ES’. sates MA Tues sate. 13.741 
Tuesoaqiml 9X597 Oh 406 

Livestock 

CATTLE I CMERl »aue..<:Mf-.UTii 


is I'uJ SS S!SW» *»» sn-o - 15J 774 

-0.10 1,115 5M0 5l5XJjn94 5x14 -113 

'•'S « s “4.J J ?| 0JlX94 531.3 55 Ml 531 J 5470 - m 80070 

41.70 701 5M5 12ft5fep94 S3ftJ 5565 53*0 552.1 -154 0,117 

2?5?ec” 544J 5660 544J) 55*0 -15.5 11044 

s+4 0 401 J1 Jem 95 5ftl.j .|14 

0 41*00#ar *5 S46fl 5460 5410 5462 - 1X6 5.599 

S3 I'jjj 4180 AW 95 S74J1 5770 STM S74J 1 1X7 2065 

S-25 S'fJf J'S-S 4»0J|X*S 580.0 58X0 580 0 S8a* .1X7 

0X3 J7.50I 5650 4930 Sep 9 5 ®7J . I5J 

DJ6 IO0SO 6360 539 0 Dec 95 5*7.0 >117 1 JJi 

0-37 7.770 Jan 9ft MU 1 • I5J 

0.40 IS 7M 5945 SBOOMarlo 6072 . £> 

000 7J90 Esl. sales 760® Tue'xuite 31,142 
035 1.175 Tue's open inf 114.01’ oft 540 

SS ^^F**** tNA8EI!) Ml.u!a>-4Ute,pu.l,mw. 

0J5 1$4 437 ® 357 J1Q Jul *9 39X30 402.90 394.10 401.10 * 5J0 lfiJ95 

555 360WOCI 94 397 ® 40400 397® 40X40 >5® 7,58ft 

429J# 17680 Jan *5 402® 41.® 402® 404 M < X® 956 


Golden Hope PI 2 J* njo Nippon Sleel 

HOW Pbr 303 ne I Nlbson YiMen 


Hume industries ;.0O 5.45 I Nissan 

incncape 180 5® I Nomura Sec 

Kernel 11.10 11 1 NTT 

KL Kepang 2JI 278 

Lum Chang 104 1 04 


352 346 _ 

60S 600 Z 

Ad la Inll B 
AluvuisseB 


Zurich 


70 JOCSM 9J !1JS 


257 252 I'*. 


NTT 0960a w«a BBC B rwn B01 

201 27B Olr mpus Optical 1050 1030 ri?i rlZZ n 

104 104 Pioneer 2730 26® Malam^ n 

9 10 BM ?«oh _ 846 B4S B 


Lum cnang 104 104 f Pioneer 

Maievan Banka 9 10 800 ! Ricoh 


BBC Brens Bov B 1774 ijm Tieigw igl 70 431 up J3J 
Clba Getgy B f9J sac FEEDER CATTLE 1 CMERl uuxe 

CS Halaincs n sx, a! B*ai ’XJOMav** it, in r. 


II® 1100 Son ro Elec 503 *97 riTri»^n ,-^r r »i m 

7i t 7 i| l^^-u 'w 'Sts -"ft 

's^o xSli5iT» ,?,w iiiS U22 iSSS ArR 

3.94 300 Sumitomo Bk 3240 2230 J5j5EW' cfc B 


8£t c n-8* 1 

OUB 7 J5 ris 

pue a i 

SemhcTwang 1320 1170 1 

Shangrilo 5® xis 

Slme Darby 3.94 300 Sumitomo Bk 

SiA 7 jo 70i> Sum I lama Chei 

Sliare Land 6 « iM Suml (Marine 

5 oore Press I4.ro |4n0 Sum, lame Mek 

5l>)9 Siramshlp 090 3— ToiseiCorp 

5 "Pore Telecomm J0d 330 Taisno Marine 
Siralis Trading 3.41 jm TakedaChem 
UOB 1040 10.40 TDK 

UOL 2.10 2.1O *enln 


SIS 810 
910 904 

420 410 


1% IfflSWS™ ino & gertlKBuefirieR ’IS 'Js? fs. . ida * Ul I tJ s -®te. 

.IS lifg Sum.mmo'Eek.. SS S S£8%!1 , &? !“5 ISfl . 


UOL 2.10 z 

- 04,33 


Stockholm 


mStu LWincukjs 5 3ft JJ3 Bell Canada 

‘3*1 *.*3 4 99 Bombardier B 

£ im Enierprise Oil 4 48 ,4? Cambior 

» Eurotunnel 405 is Cascades 


4 64 AGA 

55 Montreal 

24S 2J5 H' 8 Alios Copco 

iM S?5 S2rfr2SH rew T J ?5 Eledralu.B 


$ '0 

3^ 4^1 ORE® ^ 

S 


Honson 

rllllsdcwfi 

jMSSc 


40} 625 SrvSwoes E'-i 

'.44 1 4A Dominion Te«» A }- n 

228 3J3 Donohue A lj 1 

XU 305 ™j l 5! ll «iBi 19 1 

506 500 Null Bk Canodo 9 

Xfii 5.;i Power Coro. We 2 

Ul j.® Quebec Tel 24' 1 3 

T* 1 143 2 g,6twr A 1*’» 1 

*97 4® QuebecorB 19V, | 

4-0? 6 nr 'WewoGB I 8 V 1 i 

705 Z69 HIU* 0 . * 

1.7b 1 79 v'ldeolron 14 , I 

;.J5 ’^t 1 !"5»*lrt«s imm : IB91J1 

819 gji Previous . lfeus 


Ericsson 
JO.'lr Euelfe-A 
9 ’•'ft rianaelsha 


'Z.9 *;fe MaiKfelshanken 
E'-« investor B 

4 ,l ft" Norsk h vara 
11 J2.f Proegraia AF 
19 18 f tondvik B 
9 9 3CA-A 

S."* S-E l^*n**n 
Skgndia F 


12?.“ S«nnska 

Ite! 19"; sr.p 

14^ Sitjra 

.. * ,5’* Trelfeborj BF 

14 . 14 * Volvg 


Affoersytieriden : ltU00 
Provfoui : I8UJ2 


.entn 5M 517 

Tokyo Mgnr* 1330 I?9<l 

TokfoElecPw 3T40 3340 

Tfioaon Printing 13 ® 1350 

Torav ir.a 712 707 

Toshiba J« 749 

.avow 2010 1*70 

||h romoicni Sec ES) lu 

ni ru. c ‘ 

S? tS, Nikkei 225 : 201» 

7K9 Previous 1*918 

iU Prevfem • itie 

9*3 4u 

B4 340 

177 ITT 

Ml 1071 — 

2= -ft* I Toronto 

Jr 1 jo ’*■ * it 

1 17 Janico Ecgie 15^ 151. 

129 it *;r Cancrcc J.C 

5J 53 S^wlBEneru, 

m ir Oorr'ck Pes 32^ 

1 “ is? ilts"*-" 7*1 SJ 

nl W §S Trfecam k ’ S 

ro w 5S,51H2!f Hfc S" pi 


fK Si Pocne nag Pc 

857 US 

^ U28 fSSSi^B 

SuUerPC 

I33fl ij9fi Surveillance B 


63*0 6315 

179 129 S V 

j*» 

8700 8400 2^ 

.?« «0 


330 1790 surveillance B 3M0 20M SS 

340 :Ct0 ywssBnkCoraB 37J 372 if? 

330 1 S 0 SwjM Pelnswr P 577 570 

713 *» SSH lr " ,2° JB* 

JBO 76* i*® 5 ® fc,. _ ItBa IM? . 

2?no iwo pMiinnur B 


1036 1087 , ^ . « ? S *95 

689 1 ! .797 Tj,.'., sate 5053 

127 * 17tn I Tu.: .ap. i'.H 3U83 uu ft?f 


» »*ft SSSS?.® „ ,77E 1360 «™eSJ 

fSUmZ*: iSM ‘I'® «0?^9 94 46 75 ft 7 


pisl COH, toll free 
05 437 437 


<flvO itOUarK 

55-90 50 WAVn *5 

Jl® 51 00 AX *5 

49 . 75 49 75Ai.ig95 

E'.l MODS l.t® Tu-Xwlcs 1,702 

Tuc'..oc*ynm ’.sis oil ijs 


COFFEE C INCSEI 


60.70 

68.10 

70.47 

60.95 
68 75 
?o m 

470 nm 
•a«] 17,871 
0.50 12.13ft 

;uo 

n 45 

040 

4447 

7100 

72J8 

•IJ78 

Xft04 

’305 

?XM 

• O0B 

1094 

»a40 

81 

70. JU 

• 040 

437 

b.-rnnv 

k!» 



vm 

’4» 

.0.40 

2.776 

71 JB 

70.17 

• 487 

4541 

77 75 

70 J5 

■460 

1065 

7700 

’STS 

■065 

IJ® 

70 <0 

?46? 

•003 

I.W 

7000 

79.00 

■ 048 

41* 

77 DO 

77» 

•fl* 

37 


76 75 

•420 

7 

“ 49 15 

49.72 

• U 77 14,153 

49 75 

59-17 

• 0 57 

7/m 

415 

44(0 

■05 0 

3.7(4 

44J0 

4*45 

•OJS 

7.571 

4**5 

45.00 

■430 

3 547 

tvnn 

4X41 

-427 

517 

4395 

4*0 

•0J7 

781 

4900 

49. ID 

•473 

Bl 

48J5 

40*5 

‘025 

S 


ft. 



4ft JJO 

47 JA 

•1.95 

776 

JL20 

46,7 

. 1.17 

5.714 

64.20 

44 90 

• 1 10 

1037 

«’5 

'.t.50 

4*3 

24ft 


49 00 


J? 


S7 45 

• 1.00 

13 


51 JO 




49 75 


1 


470 ® 390® Apr 95 

Ey.Mtes na Tue'i sde: 1.838 

Tue's open ml 20.774 Off 278 

CQJD fNCMXI IVhovD.-dtfiarsocfKovM 


4U.JQ »LH 93 ; 


n® 79.25 80.19 

'425 75® 7X95 E f® .JS 

'4® 7175 7*23 -ttlj 

X65 7675 75® -4W5 

ft® 7JJ5 75-74 -«S » 

60S 7635 7e.!0 —235 

72® — 4US 

’4.351 

ru-cnaorrooi ,_ u i« 

830 4705 4705 -Sfiti'S 

045 47 75 4010 *£*£29 

8*5 4035 *0.73 

9.75 4935 4903 •» " H? 

iM 50-30 5003 r »J* 

us si.io si® 

J® 51 .W 3233 
100 5X70 52® +«» 

L65 52.45 52.40 *M} JJS 

195 50.95 51® HIM fg' 

ss iS 

S3 'JSliS 

S3 3S S 


JS J7.D7I 417.20 33V 40 Jun 94 379® 384 ® 379® 392JD .2.90 7601V I M 


417® 364® Apr 95 400® 40040 400.40 » 50 

420 W 36100 Jun 95 AtUO 

*1250 msOAuafS 4)73) 


3*5® • XI0 4006 


JW SO i HO 
40X30 * X70 5,368 

«7® .120 

411® • 130 

*1500 *3® 4A34 

419® 1340 IV 


Financial 

US T BILLS (CMERl (1 niiKeit- M> <y luurd 

J‘7‘ 95 79 Jun 94 *SJ7 9X38 9i® *X30 —OQ8 7*^*6 S 3 

*6JB 9660 Sep 94 94.74 94/6 94 64 *64? —OOV 1 1, in, jm ] 

94 10 94 97 Dec 94 *43* *43* *4 7ft 96 77 —0 14 , (■- rjo 

. raWMorOS M.I3 M.IJ 9J02 940J _0.08 5* Si 

Ew.sate 5.417 Tue x sate 4017 

Tue's open ini 43049 oil ]|U3 b£! 



EU Mite NA Tue's sues 6X0S3 
Tuesaoenini 19X709 eh 3IJS 


Stock indexes 

S*P COMP. INDEX (CMERl too. uaw 

*44® 434 75 Jun 94 *4X70 44635 46000 441.15 — 

■S5-JS Ur - 9a '“3® 44X68 

filS 4»^TIDecM 4»® 451.45 44ft® 44X65 -US T-ffi 

56390 44145*60,95 4»9o 4WM 450.10 45075 — +35 * 


^ Jls.7*4 an 1723 

knrfficoMp.woei inypo 

“J® ?«l£5JunM 24460 347.10 26133 14430 -70S W* 

sS'S ' PM M, ' S » 2 *^ 54110 

mjS0 2«J5 24400 -2® 

2fl75_ 14450 MarK 247.70 749/0 749.70 244® -M5 


Jit J »■ S Jun9SlM-lJ I«3-19 H-OO 99- P -IDO 

. 7- * 2-Jft >P« 99-77 99-77 9*-M W-07 -1 BO 

!)£» 63 75(.Vl»;94 1C7 W 101® 106 65 10665 -}r S 191 JtJi ESS'S *-71 -IM 

IJJUI 64 40 .U 94 I nr go |]Qjn irf^na in? is 14*11 a-. r,i . —I ua 

uJUVpU 10*05 iqq '% ij* nrt ioaih n SniJ Esl saltfs rU. Tm H s v*os W.*M 

HITS tttooku 101 m |S«I ns 7 ? {S’?! . T .?^USS n,nf s,4/j77 ,>fl J 5 <M 

HIS va.Vmr 95 105 75 loa 50 105 M V™ iSj? C, E, A 1u B 0W, 5 ,CflCrT t 

Ills ^ 3 ”““ - - s M M 1 


Tue's men ml 1W ofl 28* 




ii 111 §S Trfecom 
£ UJ Be Reailv Hdx 
“ „ 770 Bfomclea 
!*0S Brvnjwick 
CAE 


004 Q04 
M0 631 

9... 

f-S 7'.; 


'« 75 B9®>«i lj 

EU-JJktt IXtll Tuc'i.Mte, 18.010 

Tur-.ooiuni W304 on «* 


Eo. ate NA. Tue fcirw-. ftiui “ Jl 883 Woody's 

dH «a Routers 

E tfHO P fl l. LARS (CMERl ii r-aio«i |.|- q* ioo Dd. D Ji Futures 

9X890 90 4® Jun 74 *4,970 949V0 944.30 940*1 _l®42g.917 C0*TI. EeSMTOl 


Commodity Indexes 

Close 
1 046 JO 
1 909.70 
141JS 













S3S 

T- 

Pensi 0tl 




V*/; 


'Meter, CV- -. „ % ,■■ ■ 

. . . :r-, , Xf 1 • - 

SB#°» oa Prices 

gwsDepregg Profi, 

a*»dl Group 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, MAY 12, 1994 


Pn^ 

euroi: 




. . ended 
far ihc Lr^.v. , 


t 


'Jgg&y 1 & hell 

<••„, .V , ' ■. hTfS?* « 2 percent 

ttlfwrsr.. .... ■ “ ,uh ^ Royal 

>T«.iu ■ . -. ^ P 2S“ m Co - * ^ NcUi- 
■ : . . anos ’ owns 60 percent of 

. .npanies but investors seemed 
s: ■•• - ’Tp?r ed afler Brrtiih p etro- 

gfctt ^ :■• .:, ■-*■ ,“£M- P<*ted a 32 percent rise 
5r:. “; v - v ; arumgs last week. 

Salmi-.:- ••".'■■ ' 'S. Duich/Shdl said profit, 
" * vufc -■.** on cwjent cost of oil. fell *» 

- ; - ^ *0 f949 million ,$| bib 

: a irom the comparable quarter 

... ' ... nr earlier. 

; . ^ cojj^y ^ abfc 

£•*... tnJ S s nearly steady, in spite ofa 

'*■' pr,j dK ?P i 0 oO prices, be- 

Fail* III lugw* us cbertncals operations bad 
tsz i — e for the fust time in 

V!!J .i -years and refined product sales 

fjftti.ut Europe .“The outlook 
i jj-.;:.,. chemicals remains dependent 

vrf»K -S ' — 1 the pace of recovery in indus- 

• activity, especially in Europe, 

. : ^eMtent to which demand and 
■a? s ’ ‘ ‘ : • ory can be brought into baf- 
;-• ..." the company said. 


Fiat Pins Hopes on Punto 

Car’s Success Could Reverse Losses 


i».j 3: . 


W*faoc. 

’>*1 


ir. k 

*rf» vrr. 


i-s-rw 

*S. r 


erii — 

S!!J A 
SCL^L-;: 
' RTiV-..' . 
yrf itr pa .— 
|pi«rrrr^'-. . 

.«« f -‘ "7 
«: • V 


A -Btf 

'-Mrti 


'il.vfet: 

-* .... ... 


te company’s chemical opera- 
. had roerating profit of £56 
: m in the quarter, compared 


SHL* 1 ?? «f £B million u. iho 
same quaner a year ago. 

Before the ea minis were an- 
^ elt Transport’s stock 
?Jo iSW a tog* 1 for the vear of 
749 and had nsen 14 percent since 

if VIE *- e ^ 1 !he sh3re s,i PM 

aiier the results were announced 

and n dosed at 740 pence. 

m,5f ya/ P*^ shares fcH w 205.70 
gwlderstSHW.TO, from 206 guilders. 

he,,; ,l flBurcs so much 

neuer than expectations, it son of 
stirred up the froth, and I think 
investors were looking for a magi- 
cal performance from Shell,” said 
Jurgen Lunsbof, analyst at Credit 
Lyonnais Securities Ltd. 

British Petroleum had cut costs 
intensively over the Iasi two years 
and this was reflected in its results 
released last week. 

At Royal Dutch/Shell, net in- 
come for the first quarter on a his- 
torical cost basis, which unlike cur- 
rent cost includes shifts in the value 
of inventories, totaled £937 million 
down from £945 million in the firs, 
quaner of 1993. 

Production operating profit fdi 
27 percent to £425 million, in spite 
of increases in oil and natural gas 
production. Output of oil rose 1 
percent to 223 million barrels a 
'day, with especially large increases 
in the North Sea.' 

, (Reuters. 

Bloomberg. Knighi-Ridderi 


for SEC Filj 


Blacftitvr* Business Newi 

TURIN — Fat SpA has sold nearly 200.000 
Pumas since November, raising hopes that its new 
small car can do for the Italian automaker what the 
Taurus did for Ford 10 years ago — reverse its 
losses and improve its reputation for quality. 

Rat is in need of a turnaround. On Thursday, 
Italy’s largest private industrial company is to 
announce a 1993 net loss that the company esti- 
mated in January at about 1.8 trillion lire ($1 
billion). 

Fiat may break even this year, thanks only lo the 
sale of an insurance company and other corporate 
assets unrelated to its automotive business. Ana- 
lysts said the company cannot become profitable 
unless sales outside Italy drastically increase and 
US Alfa Romeo and Lancia divisions show the 
same signs of life as Fiat. 

Equally important is whether Fiat, in producing 
UterunlQ. went as far as Ford Motor Co. did in the 
United Stales to revamp itself — improving quali- 
ty control, soliciting worker suggestions, slashing 
the number of suppliers and adopting just-in-time 
management. 

. t **Thc Punto has given them breathing space, but 
it’s still not certain Fiat will survive the next 
downturn in tbe car market,” said William Cowan, 
an analyst at James Cupel & Co. 

The 1993 loss is not out of line with that of oiher 
carmakers hurt by last year's 15 percent drop in 
European car sales. But Fiat’s market share in 
Europe has fallen to 1 1 percent last vear from 16 
percent in 1989. 

Where it once rivaled Volkswagen AG as Eu- 
rope's largest carmaker, it now trails VW. Adam 
Opel AG, Peugeot SA and FonJ-Werke AG. 

Rat has only a 3.6 percent share in Germany, a 
2J percent share in Britain, and a 5 2 percent share 
in France, Europe's largest markets alongside Ita- 
ly. Those figures are far from the 6 percent to 8 


percent most large carmakers aim for in their 
nondomestic markets. 

"They could make inroads outside of Italy, but it 
will be very difficult,'' said Nigd Griffiths, an 
analyst at DRl/McGraw HiU in London. “The 
competition in their specialty, the small car sector, 
will only get tougher.” 

In Italy, which accounts for two-thirds of Fiat's 
European sales, the company's market share has 
Slipped lo 45 5 percent from 60 percent in 1989. 
That slide ended late last year with ibe arrival erf 
the Punto, but Fiat's hold on its home market faces 
competition from Japanese carmakers, who until 
1991 were given a quota of only 2 percent. Under 
new European Union rules, however, the quota has 
been loosened and must disappear altogether by 
1999. Already this year. Japanese market share in 
Italy has grown to 4.6 percent from 3.7 percent a 
year ago. 

The Punto has reinforced Fiat's reputation as a 
crafty engineer and designer of small cars, winning 
glowing reviews for its handling, equipment, and 
to a lesser extent, quality. 

But it replaces tbe Una which accounted for 
one-third of Fiat group sales during the post 10 
years and which at its peak sold 700.000 units a 
year. Thus if the Punto fails to reach 600.000 sales 
a year, the car wiiJ have been a failure, even if (be 
figure dwarfs most models' sales, analysts said. 

Fiat executives themselves have described the 
Punto as the company's turnaround vehicle. 

“It's nol a make-it-or-brcak-it model lor us. bui 
it is very important,” said Paolo Camarella, the 
chairman of Fiat Auto, the company’s car division. 

Tbe Punto may not be a runaway winner, but 
Christopher Will of Lehman Brothers in London 
said it marked a turnaround for the company. 
“There’s a big change in emphasis on design at 
Fiat,” said. "'The cars of the 1 980s were produced by 
businessmen and accountants. Cantarella is a car 
nut and he understands style and drivers' enthusi- 
asm. and you're seeing that in their new care.” 


EUAims 
To Drain 
Wine Lake 

C capital hr Our Suff Fnm Dupakha 

BRUSSELS — The European 
Commission on Wednesday pro- 
posed measures to drain the so- 
called wine lake of overproduction 
by eliminating some subsidies to 
European wine makers. 

Tbe European Union is deluged 
with 35 million hectoliters (91 mil- 
lion gallons) of surplus wine. Pro- 
duction is rising every year, while 

consumption is falling. 

“We nave to spend a lot of mon- 
ey to get rid of surpluses," said 
Rene Stdchen, the Union agricul- 
ture commissioner. “We have to act 

quickly to achieve a proper balance 
between consumption and produc- 
tion.” 

He proposed measures that he 
said would encourage growers to 
produce less but beuer-quidity wine. 

The plan allows wine-producing 
countries to choose from a list of 
options /or cutting overproduction, 
ranging from paying farmers to 
produce less wine or cut back their 
vineyards to distilling wine into al- 
cohol for industrial use. 

Mr. Steichen said his proposal 
would cut average annual wine pro- 
duction to a manageable level for 
normal consumption. 

Countries that exceed produc- 
tion limits under the new plan 
would have to distil) thdr extra 
wine. Those that do not respect the 

d action caps would lose the EU 
ing they get for wine reform. 
Tbe EU spent nearly $2 billion 
last year to support the trine mar- 
(AP, AFPI 


Tnaiicfenrl 



London Fans 

FT 5 SE 1 <J 0 Index CAC 40 


.2300 




y ^ '^irr f' a; x a 

fiteftange Wodnesti 


Amsterdam- - ABC... 


•fi*n Rftj*; 


A4 Wfr . 

TMAt 

2(243.63 

wa.79 


FAZ 948.70 

•HEX-- • 1,8$9S8 

Rrwnciat Times 30 2,491.50 

■^FTSE too 3.13050' 

GprieraJIncfax 320.9 0 

_7 7 • i,3o7.oo 

2,178J4 

. Affafusvaeriden 1,888.25 
Stocfctad&c HA. 

SSS -V ' >’*. s 93837 


■ London- •• .• Fhwtci^Ttfnes 

Loridon i / : |FtSE tOO 

^SatjrW V ' •Groeraj'lrKfax" 

'iM 

Parii* t CAP 40 • * 
Stockholm ? 1 'Afi^simeir^eri 
- Vienna ■ / 7 Stock Index"^ 

:1?drfch ■ S8S -V ' >’*. * 

Sources: Reuters. AfT» 

Vary briefly: 


sy Prev, ■ % 

Cfosa Chen 

' 409.99 +0.6; 

j7,77B.7$'%0X 

• 2535.1.5 +0.3f 

•842.40 +0.75 

1,808.45 '+T ii 

2.438.80 “ -0.33 

3.186.30 -0.1S 

315.80 -0.66 

1,318.00 ~-0-33 
2.164^8 +054 

1,886.52 -0.01 

450.65 ~~- 

• 933.98 +0^6 

Inrcmamnul IkraU TnVu 


mt&c---.* 
.it ■■■ ■--■ 


iMbCsv'-r- 

--i 

■Si.- 


^liam Reports Rise 

Premium Income 

Bi'omberg Business News 

MUNICH — Allianz AG 
■Iding. Europe's largest in- 
•ancir company, said 
* xlnesda) that its premium 
ome rose 19.6 percem. to 
5 bOiica Deutsche marks. 
9 billion) in 1993. 
domestic premium income 
; up 18 percent to 34.4 bil- 
> DM; while foreign p re mi- 
income climbed 2 1 percent 
11.1 billion DM, the com- 
y said. : 


Com Chips: Will British Munch a Bunch? 


IN Bill 


By Richard W. Stevenson 

.VrH' York Times Serrice 

LONDON — They eat all kinds of strange 
snack foods on these shores, including the 
prawn-flavored crisp —an acquired taste, to be 
sure. 

Bui they have not acquired a taste here for 
that American staple, the corn chip, a failing 
that Pepsico Inc. is now out to remedy. 

Pepsi, the owner of American snack-maker 
Frilo-Lay Inc., officially introduced Doritos 
corn tortilla chips to Britain on Wednesday. It 
is spending $9 million on advertising and pro- 
motion to do so. more than half of it on a 
television campaign scheduled to begin shortiv. 


not to mention S18 million to build a state-of- 
the-art corn chip factoiy in Coventry. 

Pepsi and its British snack-food subsidiary. 
Walkers Smiths Snack Foods Ltd., have high 
hopes for Doritos in Britain. 

Pepsi has invested heavily in its interna Liona] 
snacks business, spending $1.5 billion in recent 
years to acquire local manufacturers and dis- 
tributors, including S600 million for Walkers 
Smiths, the leading crisp maker in Britain. 

Because local tastes and snacking habits vary 
so much. Pepsi has largely viewed each market 
as distinct and has done liule to send its brands 
across borders. But now the company is taking 
the next step in the belief that adroit product 


development and marketing can create brands 
with international appeal. 

Britain, for example, is potato-chip crazy. 
Consumers eat 5.28 pounds (238 kilograms) of 
potato chips per person each vear and are the 
closest rivals on that front to Americans, who 
gobble an average 6.16 pounds of potato chips. 
Yet while Americans eat another 6.16 pounds 
each of com chips every year, the British eat 
almost none. 

Pepsi and Walkers Smiths spent several years 
testing com chips. They found that the British 
liked them just fine, as long as they were cut 
slightly thinner than Americans are accus- 
tomed to, and as long as they were flavored to 
British tastes. 


ILK, Industry Shows 
March Output Drop 


LONDON — Industrial 
output in Britain had an unex- 
pected setback in March, fall- 
ing by 0.6 percent when econo- 
mists had forecast a modest 
rise, according to government 
statistics released Wednesday. 

Analysts said die drop, fol- 
lowing a large rise in February, 
was an indication of month-to- 
month volatility. However, 
there is concern that economic 
recovery could be patchy. 


• Aegon NV, the Dutch insurance concern, said its first-quarter net prol 
rose 13 percent over the comparable quarter in W. to 2WU rnilfrc 
guilders ($138 million). 

• RTZ Corporation PLC, the British-based mining company. >aid it ft, 
completed the disposal of its remaining industrial products huMnose 
following last year's sale of most of Pillar Buikfing Products Ltd. 

• The Bundesbank, Germany's centra] bank, has withdrawn its rvserv:.- 
lions about tbe introduction of money-market funds to Gemiaro' 
financial markets, as long as the public sector limits issuing short-teiT 
paper for the funds, a parliament official said. 

• Nazmu Yinun, a Ugandan-Asian property investor, was sentenced t« 
two- and- a- half years in prison for Ins part in the Bunk of Credit am 
Commerce International scandal. 

• Finland's paper industry will construct one of the world's largest pul| 
mills near the town of Rauma, in Western Finland: the mill, due in »i.ir 
up by spring 1996. will produce 500,000 tons annually of fully hlcuclva 
softwood pulp. 

• The Czech government, faced with a deepening crisis in the nation*: 
banking system, said il would help protect depositors in Banka Ab, : 
regional bank just north of Prague. 

• The Royal Bankof Scotland announced half-year pretax profit of £20 1 
million ($299 million), up 125 percent from the comparable period a year 
ago; rite results were in line with analysis' expectations. 

• Volkswagen AG’s subsidiary Sodedad Espahola de AuUVtvmfc. <1* 
Tourismo SA said its Italian units. SEAT (tafia and SEAT RtVun'hi, v.ill 
merge with Volkswagen's fully owned Antogerma SpA. 

• Boeygnes SA, the French construction company, .said it*. first-qujrtc r 
sales increased 18 percent, to 13 billion French francs (S2 billion ». 

• Bremer Vulkan Verbund AG. the German shipbuilder, said it w-hjIJ 

reduce its workforce to 23.700 bv the end of 1994 front an avenue of; 
28,000 in 1993. <P. AFX. Kmgfit RidJtr. Awm. 4TF 1 


12/inontti 

HfBflLO* stock 


St* t T?Vjn!n 

1Kb hCqti LsiiUeeSO'ae | Hfci Low ; 


Sts 

On. Yta PE 100s 





































































































































:^saa? ; 


|aS3s»ss— 

! PocSr -E 


jyEHWATIOWAL HERALD TRIBUNE. Tm^n.v 


' PBcg^Hon,,; 

r-Jim&ViiStttZ 


£gg£P&ne!£ ai 




advertisement — 

international FUNDS 


may 12, 1994- 



May 11 , 1894 




SasS 




•gw*" 


Mpy 3IL4 


^(Ab-jij 


JSSKSsfcr^s 

galagfe»5^ r-5 

CDr'TiSr^lo £c _ — * 

ABBgg&SL 

IEbBES^’" 

2 CMlS^SrtS , us5 ^ ~T 

sl&/fer 

sSBESsS 


8 'v Aston b_,j. "^|B 

i *8®S& * 

! ISgSE^— E 

arid Kg-AariT ^: ! Bug 

i«jgg 

tt tto^fc?-? 00 ' Fung . ? JU7 

owSgfC^^FW r — j »»S 

figpg£F""« 

§S|3S^iSa" “■ 
"sIS^ws^ ™ I 

»c5^SS2JL B f«« c o*n.Tn «» 

ssajjsaj^Rifer* ** 

Wrtw in - * 1 39.26 

I gjffl> ^ p "ggc ri|p Jft 
S&g^wSitSan s 'bum 

SSS^™^CL II ? 8W 

^ I iri^ ,EiwAs "*- 

Bonn 'SfLSaZl. 


SfsfiiF-?! | g=^ giftHRc; 

Hsj£ $gggggH| “ JSSiS: 

GBsgr i in m 

I "'wmBSNaiSraSc.iJi - ' ? ??A52 SCteM * 1AM More Robecn ntmi 

gggffl a^n r ,P bbbmt 

a^s«S5L— s S 


l "'**«- 1 *— *«■«„ 
11-1* 

isggg5 s-=j ! wS 

ggCPMrcmrRirS UA» 




mtoET.2LFri!« , “-T«t : W2fS40tt 


3SSS3 

tssa^^ 

:HI*eSSw«. . 


SfWRbM 


* 




:3 -:; ••’ 

I* ::* '■' 


i '•■ 




6 t-M ■> 


r; ; •* ’ 

I if' i j 


e. « i j 

■ * : n ~ ^ 


.fwiriTil 







iAV- 

#’ . • i 

A\ 


i 


SW FF 3789 

- g^ «>«*MO BS (IRELAND) LTD 

CCD0KQXD) 

. * 25J3 

<*"otae> _* 7351 

y-~.. ■■— 3 2*8 7 

jtna^ 01 * ~.'J aS 

— 1 • • 37.17 

teW E 194.97 

■MB mH t 1577 

. — A---- * 1759 

to — S WM 

«»WI S 34.13 

— ; is 

FsPBMc n oBKiji sag 

M — * 9J» 

gte rgU Mlu Fa S 

>or ruMos 

GMBFoH % 53352* 

:MirmL Eat SIKH 

niilKCM SF 5D53.lt 

BOndFimHJSS— S 557K 

gPMfr wFEcu-Ecn if?>S 

mnEMv Fdt 4D34.92 

TAMnEqonyFanlECU 52S4.il 

»EMfFn|_5 T44A38 

kwcvFmls 

Wmrftjieamc— fi 1 W7B.J; 

}«g£YBaFd FF 9374J7 

TatOKT (GSn LTD .... „ 


1 phi sjv lJ »^ 
5££G«cr Eortf, Fund-* 111 

nuSPSS EtaxS -I- IZ1 

— 11 

-S 

gftahn — J a 

1 

2 Torme USD 

rf rS2? DEM "IL M- 

2 J"""* jpy _ - g M 38. 

2 S2I J 8 ™ 8 Gap . 227SJ 

jgaaa g==fa .a 

SSS t " 1 ” k “=e£ *SI 
* 

g*qtaw2w^ r y iipu 

?*g£asasf — °y st 

«JSSsaiK"=^> JSS 

!II' , "S£^==C "is 
gae asSafc r iss 

IssEs-raM 12 

g“2^«fe^? # 

Terme USD ~~ — f 01 



as j®«r'— - r w 

5£H * 

good Voter vj ^" , m« 

is 

SSS5K fgf 

denwJonol_ SF ,5^} 

sSotsiea 5P 

SiwWMidCapswinisF 

“5™— — ■ £F 73A25 

SF ™m 

-win. • Voter wr- {¥"( 

Goa voter ^ 

Jlo*r Fond « iv5S 

’EfliBimi 1 HUB 

ISJbSSb — 1“ “wi 

SS 

?■■» •■ ■ FI 13221 

"W^gtfA PtQ IWi Hn 

as 

A~— —DM • S3 

"KW 1 DM » 

M 

|pl^ 

g-fss?A , ir=r %% 

’k 77 I ! 

gWBtf" > 

ijgf 1 

jsss?? 1 -?: *««« • 

TJW - 21 ' 

JJOTMI Fd Ecu— Ecu 138438 I 1 
Mortal FdSF — SF an« J « 
Mortot Fd hfi_fi ima« 1 * 

Morfeaf Fd Ur lw iznoaao I c 

Market Fd ff__ff mSS? I " 
SSSS=-««» 1347S0 D g 

H FtJ BEFJF 5WKL0S I * 

A DM 2^44 ■ 

DM SIX J* 

5 5 24135 t 

JOA 1 TkLBS I 8 

id B . .r iim I 9 

•^■Kl A CB IMAM I 5 

=WdB FF wJS 2 

1 Lit 30S28Ze j i 

I-— U1 31373080 

FdA_ ...FL 41434 I ® 

Fd B FL 42AD1 J 

-ff rastra J ® 

— . ■ FF IT2B.I1 [ “ 

SFR2000 SF 1533 TO d 

DM3800 DM 144U0 ( 

DM1297 DM 1747A2 g 

Eca 2000 Ecu 139U4 I g 

FF 2080 FF 138489 g 

— 1 5E?-S! S SH5 | gj 

Yen 2591280 g{ 

n _. S F luwm a l 

BOiSFR SF 18ISJ3 j g« 

CrtWttlSFR SF 181834 g* 

Inc DM A/B— DM 185753 I tf S 

BolDM DM 187039 »t 

GnwtllDM DM IB4X21 I 

"Inc UStA/B s *7150 j gG 

BolUSS S 9W59 gG 

.. Grawtn uss s _ 1817 ji I g® 

" Inc (Ural A/B Lit 98793380 0 G 

Bol (Lire) A/B Lit 98431080 I "G 

.. Gro turel A/B Lit 9445080 » 5 

^EmtmMkit 1 106787 

5mo» Cop U5A_S 98222 I "r 

Small Eur DM 97M2 [ ?<? 

Lot Aimrico t B7U* I 2 “ 

FUND g It 

•— '— mBq 5 99.13 | g S. 

IlSoD-FdJ 9982 J “ 5. 

GROUP £ SJ 


ZSU3612 

, 14l8271B 

1409 Jt 222 
15.10116 
1184271 


i 

g 5g|g,Fo5S zr" & 

dF^^ Mork ^IZIf a, ’ 

? - n!r. »j 

g — P * 8 5J 

-r 37ii 

9 

b 

^ 

5i™e 5t. AmertM — , 45167!^ 

s« asS 1 " — ** 

•* (B | Geneve SiSrt * ina 

S!?c^^ Mrv ' J SS 

ZJL^VA *- & • ’061.16 

03®*®** — 

■vGATW ^S”*” 1 01 - 1 °* Mon 44414426017 

3ft 

:ag § ^=4 " las 

wGAMFnmoT^" - *_ «44 

IV SAM Pmuir ff 190035 

■vGAM GMiCqT ~ 1 — 27275 


aBSgsWe 

isf 

tf IIWIa _ FF 50189 

d Zone a«v>i i f . u . —Lit 1013040 

iSS: 

sSESES^ @ 


d GW W.W19M -» X7M 

51£2JI5n 5 i^s^ Gii5r ^ ,J " 

d *L« 

g Dollar J 118001 

jSsaa ™^ jsss 

g ^^non BMomrg l ~? 

? SJ?S^r^r==^ SS5 

ggtj.m»Ha5w r~ i ASM) 

45100 

SStfiSSL',!^ 8581 LOO 

sssgiSSr^t “ 

0 JF For Ena WrnTrr — — , 5X37 

d JFGtebilQalgrJ 8 J 2226 

% , Jp l 222. Kon ® Tnr5 ~~ *? JAW 

gjgae@F=f ,a ss 

igrtiMd w r: — I 

LTD 

^ GpkrffMoa Futurg K,. » 

" r Jcvitt Man, FiS!lSt_ , « *M3 

J U £i£“ E *eM^ ,M1,a 

5gs ^====r= =i F F 

d Equlbaer Aim*. — 5F 


:M5 u*g=l s 

**a£ E 5 fiU * v * | W 

d Do Swiss Frnnr L. 10153 

;g;° r«^= S« isa 

*GAMAl65i«| MHM=d ^ 5 V 

sHftTM&flESi ®S 
:gss»5S^^- 1 
J83 

IV SAM Trecfcw 113 -P M «tn 

IV GAM Qwn m . J64J7 

IvGAMPocrn TZ ■ >6187 

yGAMSeteawJ T -j 

:gg gggg» 1 
5«s?^»=s 

ivGAMWMMSi, _ I JE-Jj 

"GAM to USSO^ T g fg-g 

:sei==t- H 

: ggss p“=^ - IS 

•v gam esp8cw15m~— ; 

ss! 

gssiS^z ss i 


“CREGlSTfRraFUNDS *^' ,i 

saHs^sr'"-- 

"GAM InaenntSSrt '3 J46S 

3 

g«HireG«SrEt®DuCiTS 

SflStellSTg^yg" a»i-«M3o 


ggggSs^ 1 

5»«aa=j g 

* H> Yen Hnond^ r t ,g« 

iv(J) PWaWndteAn m -c T S‘j? 

W jui Inti Currency A Rm< « 

5S5JV ™TURE5 & OPIIONS S1CAV 
gFFMwaag^^a^ WJ< 

H-GS ArflRoteMnn ptjll s in 

"fft 

MANJW.CAUSHT 9M 

,S i 


2 d 5 ^^F E r^==4E 

5 g Uduatec rT~ 

g g Europe Bwin Rin 1_. 

S H pmior Bond Fund f 01 

S g Austro flnnd Fund T ■! . 

? icSK^ -^ 

3@Sf^^= 

1 g Sgwfa l SwfaB SHK^ rr lr 

j d Jason Slock Fund. v 

| g German Stock Fi- ST ~X.. 

2 £2 8 °" Sf «* FundZirZs 
, d 5mnss Franc rrw. — ? c 

1 g DM Coil Fund Dm 

g ££U CWI Fuidimrz^i 

iSS^ ss“ — ; 

tf Fryndi Front Cosh, pc 

SMB/nsssr 

H|^W ENT C 

g?^?^ Fu,MUa — ; jBji 

J*«£ 

wgall&p*- ,ut,< 

a Aroentinian loves} Co SrcnvS 
d Brazilian Invest Co Stem I SJ5 

I 2 fgprcgjgJ n vB M CnSimv-S Wai 

SfSH!52SL Ex,roY '*^«» laiM 

2 ^gj!" America income Co_» ,U- ,*o, 

• jS^ssswa lit: 

I 225SJ^^ QnP ® r,MV A>_3 OT5 

' 3 g?*° n .Dv°POn Pert NVB s 

2K^^ 5ori,INVA -^ 9M 

d Premier Futures Adv ArB_S 

“WOlHyfSTMeNfs 

Inc Fd. J 55 

•'““""wMorkrtFd s ijJ 

(■fcsa-TS 


dCfasA-i — — » » » 9, 

>0UI I doSs.1 ift 

,°CA1 I 0 Dos, B-7 i 9. 

1SJ27 I ffccmS4I^ LmG PONT F ouo ,0 - 

- * 

»« Ifc 

JD I d Casegqry H I* 

ffite y^'^ U|it »ENCY BOND PTFL ** 

SJ23 I dClMB r~ ■* 2U 

040 I SrEEPf ®' U securities ptfl !U 

«UB I dOnssfi" “ — 5 9.1 

MEMlLLLYNoi ~~~* *-61 

ss: I HE3fW*war— 

IS5 I O CJfflHB — * MJl 

ggg | g t g^RlTuu'SECUR, TIES PTFL ^ 
1200 I d Ckw? R -’ 1442 

m I ALLOCATION PTFL <USI> ,MJ 

wo I a Dma — * nut 

U0 I GLOBAL fcy.TY PORTFOLIO ' BJ2 

« I d Cta!" * 18.13 

SS EU^EOUITY PORTFOLIO 5 ,J8 

» I d Class B." * 1457 

S I M5S“AMtWCA PORTFOLIO ,W7 

«» 1 d Ctass r * 14.13 

S I SVSfjntt i^oU^ESPTFL'^ 

w d CHK4 B J 1158 

» I 5 "■» 

» d Q<m B ' —s IS M 

M I df ESJ a L LVHCH ,HC * PORTFOLIO ' Sa 
I t Cto a r" ^ gM 

S3a!Eura£l IS 

2ffi^u l £ c fe p J*!ci B8 EM ft 

rftteSssftissffS" 'ft 

» Wllterf ufSw.ilwS S^rfS" , 142«. 
w Wlflerfumfc-Wliicrrti iiii T42KUID 

" 9 S 8 S 2 &&* njfi 

^cu ss 

* Joponem R ^i ' 1 ’X9S 

*■ Market Nemrai — / .W 

IV World Bwd Fi»te "i UL53 

fflNCFQEM 82095 

DM 89559 

MNCF FRF — SF 92479 , 

dlNCF JPY ~ ~ -E F «0J8 

m NCF BEF 8269540 I 

flpi^Kr i 

IS2 c c 

m Sfw Acc f SiS J 

OLYMPIA CAPITAL IMTI mr SVA6 0 

miiMSr--- - : 

lvnm6urvGrDcm_ , , UM r, 

" Pfwnplo SeairttTsF . < e JJA^ 5f 

:rSIS E ^^ ’!ft J 

ivWInch. Gl Sec Inc PI iai 1 „ ?r IT 

ivWlndLGi Sec Inc PI !cl ~~i V£t w 

* ’Mnctl. HIOB IMl Mndiwi Ecu 147401 IT 

"W^HWolnrisScirzIS lm^ »' 

* Winch. MkJg innserF IS 32J-5 M 

W winch, mao Olv Star h555* ISS Z< 

? W tea LST?^;^" GvBd-S ,0 ?Si IV i 

OPTIMA /UNDMANASemImt JM0 | C| 

^3 From st. Hamilton i Etermuda 809 39 s-juqi f V ' 


I d RG Maaev Plus F n n X.. HOJK 

1 s»^SS»££^L «« 

BS^-SigSB^SSSW, 

spsgsse a 

g,1gL nM "— 'ffifji 

if 

*fSSS!HBSC=IE. IBS 
isssiitsssis^ i® 
|S^p f SSSS^“ ii 
-aK.?„ss^i H 

;s^==^ ft! 

gffi^gjcWWMte& 1W *“ 

»ss 

ygaBBua j— -p » ^ 

aopttoMGtahBpf 

« Smk»SS. 21^^™. d * m ff. 
.■KSSntS^^PP . jg jg 

assS'S^s®^ i™ 11 ” 
s ssfa iiiBafflia "«> 

isasBaSSSi s 

:®ES& ! ™ 
I 

sSSSSS? «■ 
■mi aSK a: 


g POclt invtFdSA 


dHonoKoS 
d TholkmdZZ 

d Mqiev ste 

g Indonesia 

gUSS Liquid Iv 


>v Fafrfletdinfi 


mFotum Ford 


g g- Fund 
d E- Fiuuf 


dUBZp->i^d 


» Remniic Lot Am SSw ” — i 'SS 87 

®§jM^^E84nRLD'wv 

SiaSSSSi- zi !S» 

d Eurana i nr . 

d Florran cSerniiv. « 1 JKt 

g pww inc Z " 6 S ftj* 

g iMwimaefl nc ; idi 

d VgrRten Inc _ H An 

d Jauon inr “?. ’87 

d Mllto Inc J 9984 

d Sveriae iig " ■»., 080 

JSSSSig*^^ 

MS8M^®=i« -IS 

sa»3Bp=* as 

d^^SSm«^==i ft , 

"ft 

pass ft 

1 ,s 

0 Bond Inti Inr . 1227 

d Bond Europe Arr '' 'I 730 

d Band Europe lr ? t ’-f 7 

d Bond Sweden Arr 1 . 88/ 

g g“"g Sweden i r? e 8 ? J f W 

d Bond DEM Atr ’W* 

g Bond DEM Inr ^ 

d Bond Dollar UiAcc . ' t M 

d Bond Donor us | W * 137 

g Omr. US Dollar __ ~ r 
d Curr. Swedish kTZZZ — L .I4« 


tfUBAMlRMte ""* - r w " 0 

w UBAM DEM tote ~n .. 

•vUBAM Emsrulng Growth t 

‘vUgAMG«mSS d 

w [7 Bam 5ten Ina Bond '' - ' "7 ! 

SS MN,t DF SwiTZERiiND/, 

d hmid-invEsi — -f g 

d BrU-lnuea 

d Canoe. ~ — gg 

d Conwert^ioteai g£ 

2 P* Mor1t -lmiest ~ f u 

d Dollar-liwn ~ ~ — ?** 

g|^!!^r = ^ — jg 

d 
d 
d I 
d i 
it 
d 
d 
d . 
d • 


’"t Limited 


mMMl-Ailan Set Portfolio 


mNSP F.t.T. LM 


yOid ironside inn 



d Curr- Swedish kronoTIIZIsek 

953SB£T 

^ IE ?° ncte P JQP— Y 

® SF Bonds G Eutdiw c-,. 

■Sisyaasi^r 
:E2 ifes«sr 


?ss 

:ISS 


NT I IRELAND) LTD 


d GTBondFdBSJk 
d GT Bio & Ap Scter 

?ISHi 


»v Antenna Fm m -ruy imsun _. 

gaagBsF^ »g 

S£SF^ 

jBBMN®*- 

dSS£?^!SiSrs= — * 3273 

j gass a r -j- 

s^sn=?r ill 

asag as?™ 0 - — gp g 

g US OoItarSlort Tem, J P 

g OwvertlMe_ ” 

g WumStvIdcnd JF 

l^stae^zg 

g Po?ty Florin Mum FI lij? 

jft 

s^"«®^3* ,L ™,9j l , I 

*JAN ’NTERNAT IDNAL FUTURES "" 


2 S I" 1 07 A »-* 

d GT Em Mkt Small 0)8 31.8 
w CT Euro Smatt Co Fd a su a 

fiiMIIP 

IlSIil 

IffSKssiSs 


kefs Fond — 5F 

_. Porttolfe 5F 

BofyryFd SF 

irttoDo SF 

PUVrtBAIW 


EfflJJiy 

luBV 


4 


jr** 


;ugp.„ t 
TJW. ■ -...-¥ 
jJrutvESTMEwr 


F 137287 

T16SJM 

Eaufly— £od JW .22 

- T«M» » -JW* 

TL-D M 5S8S 

+ DM 7889 

ASSET MANAGEMENT 
Fw: (8891 MS MM 
MCw p .4 1203028 

- rfonnonce Fd_S 3W1-U 

Oo Fa —5 1Q6J7E 

4NAMM (JffW) LTD 
Herter ; 053F3633I 
CURRENCY FUND LTD wjui 

Zj liMl 

Law. rnCOME FUND 3J ^ 

WWW 




171 Mkd Limited - Ordinary I AM 

mMInf Limited - lncorr v_ ^ 
WtMhBGWLtd-lnnr tom « j* 

SSBSftBSSfc^ i 

SJSSgS^a^zzi 'g 

-a 

! SteggSSSiszzI *S 

“«^CMFteo5ESteZj 188 

"J^PSGWFteonctoteCapi iu- 

™AHf- Capital Mtb Fd s Ilf 

R>AlfL Commodity Fund S 9^ 

mAHL Currency Fund__ s tu 

R^^nrnc Trod M^J 1^ 

mAHL GM Real ITsrie Trt S WM*; 

171 AML Gtd Coo Mark L te i 'Sj| 

«HM0P Guannfeed 1996 Lld_I 841 

SSSS.'SS35Sd H 5a'±!!5 ’ft 

at Mint G gl Ftejnoa — i r 

MAgrriMI : MANAGEMENT LTD 
73 Freni 51 HomUton Bermuda (809)292 9789 
ir Maritime Mlt -Sector I Ltd _S o 

wMarlHm, GW Bela Scrim, _i S3 

■v Maritime Gn Delta Series A mS 

w Maritime GW Tou SeriesZj ml S 

MATTHEWS INTERNATIONAL MGT 
EMERGING ASIAN STRATEGIES FUND 

? a5S ■ ! IKS 

d Pncttlc Convert Strut s 974* 

M AyEBICK jCAYMAM) (M9) M9-790 

MCJCINLBTCAPn-AL PARTNERS, LTO®" 

— * «u? 

g”*** ^W»rk. Amstoroarn f2&57111SI) 
trAsfaPy.Growm Fd N.v._8 4M 

wAalonCOiJtatHoMtn m- < So jS 

iv Aslan SefecHan Fd N.v fi «S 

I?|MSfflS£3Fd , |4V. , !!^3| ,S2 

i^OBEbT IH 

SrlsSrSS' 1 

g goJ>° 1 'AS99t, Portfolio s |« 

d Prime Roto Portto iin t ,iS • 

MERRILL LYNCH SMO RT-T E RM 
WORLD! NCOME PORTFOLIO 

P QCMA c dn 

d CkttsB i JS 

MERRILL LYNCH M 

G LOBA L CURRENCY BOND SERIES 
AlgTMjLmi DOLLAR PORTFOLW 

CAMAQI AN DOLUR PORTFOLIO 


CANADIAN 
d Catoaory 
tf Cbteeory 



AS-AusUni 


-Csnadbn 


nSwWRVj 




Mata; ECU - 

MLtK 1 




«Mt iv Optima Firttoea Fund c 

-Optima Glotal Funn } 

9J4 Z tol' JUS £jSr° Ftf L,[1 * 

yop'ldte Snort Fimti . , 

S^J.gx Group of FUNDS 

1ILH g SS ! !*^ S ‘ aPoC F[) — S 

whs " Ortu lex Growth Fd. t 

*7® g S'J'JW Hwhh 8 Envir Rj_s 

926 2 S2,’ 8X i®*” 1 Smo ' 1 Can FdS 

® J6 ^OrWJs^Noturei R« Fd cs 

-nc g Eternity -Funa Lid x 

d Infinity Fund Lid j 

a»i L?K 1 ?JSiyjS«FaLid-_Zj 

934 PARIBAS-4SROUP 

1X46 ?^ r ° r S 

1850 g Pyvest USA B ", 

18.99 d Pqrvwr Japan b — v 

I OS] g £ orv * s I Asto Pnaf B I 

itS g Ponnai Europe B Ecu 

I 2 ? Bfve * < Holland h r i 

634 5 B FF 

wra * ££22£zrt?rr B = — dm 

489 g Porvest Qoll-PoUor B | 

s®8*ifc=S“ 
« t^ssitssTB 8 — a 

g £gtye*t Ool 1-5 ler B 
L71 g Eg™S OMI-Eeu B ECU 

L3j 3 2¥V5 j! u * 8 LF 

•55 “ Porvest S-T Dollar B J 

u» 2p£22tJJ;gr , »! b- — E cu 

36 ff ParveslS-TDEMB___DM 

80 g Pnrvea 5-T FRF B Ep 

.47 g £“"-*2 S-T Bel PIuTbUZbf 

24 g E5 rvest Gtehal B LF 

2* g FarvesJ Ini Bona B _* 

Jt d Ppruesj OMhUro B u , s 

54 g ^g rves ! "ll Equities B S 

B5 d PorveslUKB ^. 

44 g P orv tal USD Piui b j 

39 d Porvesl 5-TCHF B SF 

15 gEg^SP'^dnodaB Cl 

s p E 'S5xrig , o^ KB — ° rK 

a / tonnvxajtesLta j 

D J grokkar Growrn N.V j 

1 l lEJSSI™ W^.HWdS S 

3 ; fjd'Wc (Ecul Lid _Ecu 

8 \ * 

2 I USSiT £p*™ l,l * ,,c cnto , w_s 

a r WDSC OI L M * 

FicnsT* cie -group 

• * r EfEJ?* vw «4H t 

* •P-C.FGermovai (L u v| dm 

w P.C.F Noramval lSx ZZs 
H ’E fE.'S l !i* r(Lu *’-— FIPS 9 

! ■* F-C.F ValKolta (Lin l Ll| IX 

! *v FJLF VO Nro n ce (Lux' ff i 

* P.U.F. Vnlbo«J SFR Il'U^Tf ’ 

* F.U.F. Valbend USD I Lu» i J 
Epiin tt g EculUtQ-Ecu 

’ : J ; fflospK F 1 

w P.U.F. Model Fd - Z ecu I 

* P-U.T, Emero Mkts r lluj_j i 

* P-U.T. EurOpporl ILwiZecu 

6 £‘JM- f l00al Wdue (Lin) .Ecu 1 

7 ^ urovo1 ILuxl_J_£cu 7 

d Plctel VnbuIsM iCHl_ sf S 

mtnll Small Cop II 0MI_ s Ji 

PEEMJER INVESTMENT FUNDS LTD 
y° p -°- n ^y G rand Covmcm 

Fa*: 18091 9494)993 

m Premier US Equity Fund S nj 

mPremlef Inti Eq Forte t 134 

m Premier Sovereten Bd Fa _s gi 
»n Premier Global Bd Fd j iSi 

WHAM TW01 Re,Urn Fft ~ i *» 

d Emero too Him Sc Trute « i 

w P utnam Em. info. Sc Trmi s j 

d Putnam Gtoh- Hluft Growiti J i; 

a PuinamHIrfi Inc Gnma F« i 

d Putnam Inn Fund. j , 

QUANTUM OROUPOFEUNIK 
w Allan Peuetewnenl . ru "? „ 

» EmerohiB Grawtn Fd N.V Ji 17H 

w Quantum Pint N.V. j 

w Quantum i ndimrtaf < ’S 

w Quantum Realty Trust j n , 

w Ouanhim UK Realty Fuite.c l» 

- Quosnr mn Fund N. v. I £ 

w Ouan Fund N.V . fr 

QUARRY MANAGEMENT LTD 
Teleonone : 809 • 9498050 
Facsimile : 809 - 94M062 
d Aflat Arbifrouc Frf i t n « 
d Hesneris Fund I te. ? 

2 H«flOf MLlJk-ii m! 

d Zenith Fund Ltd v.t * 

w New Aoneo Growth f h « ... 

h- Novo Lot Pacific inunT i 

w Pacttrc AiDrtraoe Co t ,, 

d> HL, Country Wrm Fd 1 -uei 

g gw*"» Glbj AmGrtti Pd S 

g town! GRH Eure Grit, FdJ tSJ, 

2 g" 8 ”? Glbl Inn Grtt, M f JSI: 

a Regent Gild j^GrttiFd^I fffi 

sB 

Jgawd '¥£ 

,n (S 


SF |q. Q GoM Mines 1 
w SF Eq. p wona euu « ?!•* 

WSSSSStfttE, ijmb 

X l MB^ l l E ™ AWA0EW ^ INC 

■V SAM Dlvmilk-n ? 155 1 ?? 

rtassa *- ; H 

to Alpha SAM "~l JiH? 

•v GSAM Com mail, J !"■” 

SR GLOBAL FUND LTD * 335-02 

W5R Etrroomn • 

mSR Asliin _r ■-! «LO 

gfointoneMunol- j iinjj 

let Bd*bJ %? oei35 aP“ 

7330 Luxem bourn 


HLZJ 
2387 
575340 
67X0 
2639 
138.13 
1287.15 
634.74 
172784 
189947 
16253840 
I606JI 
2016.73 
15631 
13234 
1717100 
12141 
13IJ9 
54 AftS 

1819.17 
1850740 

776X00 

21.16 

5*565140 

107-74 

9225 

9856 

252.17 
18559 
9S2.9J 


' C SriB Bond Fung ” 

I ££' enS t°? 8tFdA "Y*Sldl 

w Swensta Set Fd GenTwnvJ 

1 tv svenska SeL Fd inti Ba sn j 
! iSveraJd sel Fd mn 5h__j 

■vSventka 5tf. Fd Jopqn_ZZZy 
wSvenska SeL Fd MHMmTIIsi* 
- Svereka 5el Fd PDdlfthJj 
w Svenska 5eL Fd Swed Bds_Sefc 
w Svenska Sel. Fd Sylvia ShleH. 

nsnsib sf 

jBEcasaats 

iSESsasss^- 

g SBC Gouern Bd A/B S__j 

g ^BCtote PttvAusIrSA U 

g 5§£ S®**? PtH-Ausf r s b _AJ 
g 55? f*"? Ftfl-CUTLS A__CS 
O SBC Bond PIILCoaS w n 

a JBC Burte pifLOM a imSia 

2 5K S 008 p i«-OM a PM 

gSgCBOfidPIIFOufct, G. A — FI 

2 55s S 0 "* 1 p hH3u1cH G. B FI 

g Sg? Bond Ptft-Ecu A _E«f 

g IS? ® ond PltLEcu B Era 

g Sg? Bond Ptfl-FF A FF 

g fg? go<W Ptfl-FF B FF 

2 SS? 5 ond PNFPtos A/B Plos 

g |gC Bond Plll.Storllne aTj 
g Sg? gw« Ptfi-SlerlliM B 

2 SS? S*3 Port'odo-SF A 5F 

g 55? ?° ,,d Porttolto-SF B SF 

g Sg? flood Ptfl-USSA 1 

d sbc Bom phi- uss B— s 

d SBC Band Ptfl- ten A y 

d SBC Band Pi If Yen B v 

d SBChiiMF-AS "l. 

a SBC MMF • BFR. 

d 5BC MMF Cf» i» F. 

g ®g? DM Shart-Term A__dm 
d SBC DM Short-Term H run 

a SBC MMF ■ Dutch R m 

g SBC MMF ■ Era ZZZEra 


»o d UBS 

i!ft ?u u if 

- SttZ 

f fi?-. J dues 

Jff' ( d UBS 
J2-68 I d UBS 
I2JI r/UflS 
d UBS 
29] d UBS 

"<24 d UB5 

728 d UBS i 

!J”il d UBS Fix 

142286 d UBS Ft* 

- d UBS RU 
17KM g UBS Fix 


d Japan- invest, 
d Pocide- Invest 
d 
d 
d 
d 
d 
a 
d 

d 

d UBS 
dUBS 
d UBS 
d UBS 
d UBS 

d UBS 

dSM 

sun 

d UBS 
d UBS 
d UBS 
a UBS 

I dUB5 

dUB5pS! , " , ^' C « lG 

dYejvtnvest 

d UBS 
d UBS 
d UBS 
tf UBS 
d UBS 
d UBS 
d UBS 


Inti Fund LM 





d SBC MMF - EM _ fe; 

d SBC MMF - FP gg 

0 SBC MMF ■ ui . "TIL 

g SBC MMF ■ Pica - " p£ 

d SBC MMF ■ Scfdltoi ,? 

a SBC MMF - Steril S 1 f s 

d SBC MMF-SF — i r 

d SBC MMF -USVrtnilwr . 

d SBC MMF ■ USX/II r 

d SBC MMF - Ye n y 

d SBC Gm-PttlSFrirt h c c 

a SBC GIM-Ptfl EraSthZzim 

d SBl GRlI-Ptfl USD Grill j W 

d SBC GIBS- Pill SFVIdA le 

d 5BC GlbFPtfl SF YJd B SF 

d SBC Gltll-PHI Ecu YW A Ecu 

SIS?StHSSaY.?8=*S 


20440 

38540 

100154 

•0950 

11856 

18882 

12358 

16953 

mis 

16796 
>7885 
11175 
17935 
5BS30 
670.17 
944640 
5455 
£8.72 
113255 
138680 
10203 
. 1D7J* 
IUC6UU 
11579040 
411954 
1 1244940 
449353 
102733 
132940 . 
736534 
5765.71 


d UBS Fix 

d UBS Fhc , ... 

dUBsi^ , !^^ 0,, * ,8 ^ dm 

d UBS Eg 
tf UBS Pon 


d UBS Pori 
d UBS Port 
d UBS Port 
d UBS Cow 
d UBS Cop 
d UBSCo^ 
WORLDF 
d* Dally 
d DM Da 
d I Bond 
d Non - s 
d Global 
d Globa) 
dGnr- 
d us 
dus 

d Eurooer- - 
d Pacific 
d Natural 


Esc 45744280 


( a SBC GlbPPIn USD YW A— X IS 

2 IS? ?IS'S!! U5D vw bZj 

d SBC GlW-Ptfl SF (nc A M 1fl il 

d SBC K Ira toc B AZlEra 'IS 

SSSSSRS&^i^ ® 

2 ?nr nhl vu A ' B -°M IUL 

iassaa. 1 " 0 "--? - ® 
|«Mg faster ife 

d Fto?m Bond SeleSon Jg 

d FranafVotar_ ,ff 7 £2 

d German lovater - PM 7 JK , S 

tf GaigPorttniiB ^ 

d Ibenavatar p w 

d I tel Volor _ -f .? 

gsa astsa g ul 

d Universal tote Selection ?c 

SKSSrf jB 

5 ™*T E6Y 5,&if 

d G-^th DM 

tf Smaiter Comoa ntiw. c 

a Amwlcan _. , JJ™ 

tf Far East _7 j }*■» 

a Emerotoo Marked i ,fS 

7 Euro peo n. cp 

7 Global Income.. , 

1 DM Global Bona: J... !34? 

J US Govern meni ’«2 

Enter Brno Mkts fu me $ ti w 

f k0v * n - Ift 


.FF 2523112 

.LIT 5387671.00 
Pto 36413S8S 

AS 12M6J0 

C wnn 

5F 59IHJB 

\ 722456 

• 209X33 

7 590502® 

■F 118858 

:cu 126357 

I, JI77J4 

|F 110947 

f 171052 

■Oj 1JQ5.25 

OJ 132857 

106481 
_ JlriJI 

F 1085.16 

F 11(054 

CU | BQ50 

W 115141 

997.94 
1021.91 
M 1 0701 

J ID4L49 

W IKT7JB 

1077.J8 
52940 
33844 
22654 
65657 
1C5.99 
I 116J4 

134.14 

0 18388 
12J7 

7166.90 

1 55193 
.35143 

,6«4«4» 

56S3SS®! 

2485525 

uim 

110J6 

S*1J£ 

7BL25 

121.14 


I d Smaller Camo mtiw. 
a American — 
d Far East — 

d Emeroino Market; 

d Euro Dean 

d Global Income.^ 

tf DM Global Band. 

d US Govern meni — . 

d ^*y ,lt9M>lsF| 4 'nc 


s Other Funds 

sssasss” — f 

■apis^, 

gaa a 1 " 1 ^. — », 

mAdvancea Latin fo urt ~~f 
'"Advanced PocHJc Slmr i 

^gyq wzd St rjrteBlea Ud 5 

W AIG Taiwan Fund s 

itiAnna Investmenl c 

* Anv'to IrrtDmoftonol Fund-J 
wArwnn InveVmenr » 

» Arpus Fond Balanced SF 

" Arjne Fund Bond SF 

d Asm Ocraiia Fund 

w (Derivative) AG n u 
■r ASS (Zeros) AG ... pu 

m^octofed Investors Inc S 

» Athena Fund Ltd 5 

■vATO Nikkei Fund S 

I » Bonad HedpedGrowm Fd J 

* Beckman ml cop acc s 

‘vgEMimernoitono 1 Liu s 

2 oS^^iSSP" 1 EEF *-cu 
g Blecmar Glbl Fd (CavtTBn)s 
d Blecmar Global (BatwmS) i 
wBrocmiernotionoi FF 

£ ??' J=ura Leverpue Fd LtoJ 
mCarttolAMwM 1 mala Fa_S 

d CB German index Fun d n *. 

mCcrvIn Growth Fund « 

mail I ton inti (BVII Ltd s 

nr Citadel UmHe d. ~^ r 

d CM USA — — r 

WCMI Investment Fimd y 
mCoteniQus HokfinM 1 

m Concorde InvFmte * 

Z ConjjvS OWitou^cf^BF 
w ConHvestpwi World _ 

Hr Convert. Fd Inti A CeriT '« 

S85mffi g ,0 '»=1 

=^aSBSlS23 

w Cumber Inn n.v. — f 

" CutT. ConCBM 2808 , 

JWHtrWdN*MT 

IPS^ V 

mDritasiv Fund J 

;633»SSK=iF 

5 hS Szzibf 

2 I S eS2” . ,na - p l« A FF 

d Em ?? nce , lf y- Hus B FF 

HfgHS^m-lwLPlMA DM 

d Fm! SjJTlfS* PI “SB DM 

dl2 N4h — n 

d6ml Nm, index Plus B fi 


F 53 un 

B97J3 

F 607.76 

2433 

1047 Jl 

I®. 95 
. 9888 
157.1961 
110403 
936111 
55171 
96287 
12*055 
110434 
1178 
1986 
37753 
91187 
1026012 
87441 
579110 
IJ8 
11.15 
11781 
43&31 
39755 
962886 
„sais 

22442.94 
088 
15785 
. 8649 
1000217 
14647 
.25989 
126740 
.20956 
117479 
.9M140 
1004.!® 

49] JS j 

2029 
76J9 
14070 
I DUB 
75S43 
499J1 
104.14 
2084 
31484 
6922 
93B6J3 
182807 
115451 
31-30 

10WB 

111 

161540 

9511.15 

1142200 

1218940 
989 JT 
101657 

1W-M 

11140 

67296 

«0J5 


^Jhiitureud' 


2 Sl!!5ftgL™ «p ptfl a 

MSSfaar"-* 


9272 
70701 JO 
1321 J? 
138745 
853 
♦JO 
155434 
135145 
11*586 
l*.tt 
788 
951 
1151864 
94488 
126J2 
1BS6J8 
121173 
58188 
. 29782 
'3061.13 , 
♦528754 
16381 
9787 

KM I 

98986 I 
MJQJ3 I 
13023 I 
24081 I 

W8 f 

351JS I 
170889 | 
4435 I 

ID I 
. >249 I 
112954 I 
184488 I 

«l* I 

■S5S.I7 I 
I05L38W I 
1959J4 I 
297755 I 
99094 I 
92314 I 

18 I 

«57 I 
1183 I 
1083 I 
19549 | 

168180 f 

09564 I 
W.2t J 
55418 I 
530.40 I 
51854 I 
147 JO I 
I5B4B I 
47J7 I 
1755 . I 
7418 I 
3980 I 
430 I 

71-36 I 
1882 I 

79-73 ( 

M86 I 

K3S I 
1558 I 
087 I 
183 I 

828 I 
2J7 I 
185 I 
458 I 
U» I 
M I 

1-16 I 

136 I 

■.Co a 

L37 I 
-37 I 

01 I 

99 I 

■" I 

a I 

99 I 
CM B 
S7 I 


TO OUR 
MADaS 
IN 

BELGIUM 

It’s never 
been easier 
to subscribe 
and save, 
Just call 
toll-free: 

08001 7538 


I ~^>s ! 

il 


S For ^for m ation on how to Ust your fun d~^ Simon QSBORN 

World News. World views ~ — 

Europe/Africa/Middle East ( 33 - 1 ) 46 37 93 61, Asia ( 852 ) 9222-1188, The Americas ( 9 12 ) 752 3890 

JleraUtSSribitnc 


n «B jxHtt » with tan 


NEW irwk TIMES *Sm THF. »*SHIV(.Tm n»-r 


m 


A 






































9 









r -W:7-%Wr- r 
•Y,%- "W. 


INTERNATIONAL HERALD 


TKSBt NE. THl { HSriAA. ftLU 12. I99-j^ 


page 16 


TAMEX 


11 W 0 " 91 ,^ 
tfrtLwW- 


r*. VMPEl"^ UwlatCSlQFgg. 


17 7-Mnm , . 

Han Law SW 


pc ,.£? Hafi LOW LAW* O'* 


i; .v-aiw 
Humi-ovt W 


77 V, lfiViCnpf* 5 


„ o a w n*u 22^, aa;r* -■ 

■2° - 9 347 jo/u 1* 1* 

~ J3 ™ ifli? 7? 77 — ’-V 


H ^ ForfPt <•'* 
4<<, lwFonWi 
3i/„ i ForumR 


350 Mi '« * .- 

149 I Mr 1** > /* - * 

« 7<% 2V. 7'» - 


IS' » a'wLuriO 
Jf.I1 LyPCPC 


. Li PP 1«E ^ LowLJlttlO^ 

~ ‘I s ,7 iV* v& w* = » 


17 Man* 

»,=°« Low STOCK, 


Pi,, YM lws — ~~ _ 







gjs, 34'/. WILD 

4* 2 


Srnr^ *> : *fs|sar- 

- - 44 3V|> MVS-— ^ .1*5 ^tStmGU' i#a-4* -- " 


BV5 J5« 5 ! Ml 3*'- *5& *& ^*W* ,, **i*®i 1 i 

_ 74 3 *vS 7W JJ* t!? *r5 3 'iTeXBjtfrt 


13 ^,TenwGU. 


Wednesday’s Closing 

Tables . ndude Jhe nationwide prices up to 


tSdosing. •£?« "isaas. 


IhS elsewhere. » a The Associated F»*^ 


3-V* 1&SSm jo i5 a 2^ O f. :,2 5^ 3 Founds _ “ £ 5 " 

2£i;*,SS: ,1 ,3 5 J !£ ITS n| ^ § £gg»r » 10J - § 5 

i^’fS !32 .3 3 * ig Ktij-s u *S3r :. : » ? l 

» “ i -a 83 “'S?', v - ,ii;,; 55 £ 3 S :86 b ■ » »■ 

"5 ?. 3 ar ,„ ^ ’5 »3 J 8 a: £ - - «-_=: 


a J'A 2 ™ .r 

12 3M. 3 2i; 'V 

•m e’*i 5^. — * 


i* ^ttCaSK* 1 ja 2J 17 A3 2D*« itira « 

ST&b^ lS-M - Jf ftv. ff-lfc. : MV. 7 ..^ -«0 5 n in r .jr 

"*■ fiMiCoWUJ M -3 la 99 14": M 14» -*fc 7M, 2 }vG«TWB Wo i « J4V) _», 

, 8V.COVOlHi M A 13 n sv. 4(1 4'/.-';3 fcWM'ftGorCBi »«!■* ,i7 SU S 5 

u» 4 »nCenlTcn _ “ 740 ■*» ‘Vi* ^4 — jv tt -„ ivijGo/0> , “ “ 75 J 4 4 

ivCenTTcxI -r - ?S «nii 70 v> 2(W -H 14b SoV^ vul — .. |P., IS 1 '. — 1 


17 Monlti 
rfshLwJSi. 


Ohr VM PE life HWl 


I MiU^OljS. 


9Vb r'«w«rso™^ - , 0 j,„ 4 , 

&SSER to 74 H8j> 

[ ~&- M 

L ~r—^ZZZ. 04D A 13 171 «v « 


} j 3V„ 3M. 

03 7 ft W A ■ — ' 

” J., 4V. 41,-1... 

74 14Vi 14 1 -. 14> J — ! 


4V. i'.wCSup 
jt^ '.e.VlIP Pr 
> 5*,rA&A 

I '.MSP 


1 as «®s- 

» ■“ 1 ,fj ? S Ik R^r ■'= f “i ’R 2 is^ jj.l 

.■5 ,i 12 v 5 lli n^-J« » r..Ph*B_ 7.7 M » 33i » s Jjji , 3SS *: TWTnPW 

.41 5.4 l J '« 132 Ml. — '••» 


r -+-J& 

j**.' nn-«ni 


JEllWaaB" .:3 M 1 ^’5^- 18**® 

'is i SSSS" „ : - 1 Si .K m - 153 

■ «•.. iiv..kAnssHEn J30 i.l — ■ ,K iv. 3?fc - " 0 »*lS , .iPrQiy n 


15T-.13V.W05SHE 

4H 


1 3tt 3V. 39k 
< *4fc 9 V. 9'4 


atHiPA Proy n 
Wli Y»P*V*? ^ 


S«s, 12 5 as aja 2 k "i*. : - g~ !.«■» ■■ - fl OBte-- 

ss i aj - i * ■■■ =t^i 

® ::»3SI K^SisSSS" 

esk, ^ « >« ? 's '“'"-vs gasses ... 

® : - '3 a & S-S> 3 S»t . 

Erf-nm - s iS siA 5V» _5J? ... ••• 714 2 i*TB»P*I'’ * . . •■B. aiv,. 


9 V, 6' . AIM Sir 
. 1/ 16'-'4AkC 

-11 1 11 givAMintin 

, 1 17,. AAA In wt 

Ifllff M 7 /< 7V. AMC 

T? 11 J4'^ 20 '. * AMC Ol 


” . ., n|— p.'4 21 lTVlCfllfPl 

- !2 J5 * 4 6 4'ACFCda 

, a I » l 03 nVa r* ^ . ..I, .(Ca 


^CenlTcnil -s - 153 2 Q*i 20 Vi »«. 

n i7V.Cntrf»rn Jlc 2-2 ■■■ Jij 51 ^ 5«> 5V, *’A 


:: » ii ^ 

- » 4 1 SfcS&t? 


- S JIACFCCklB ,P1 - •« 1414 l» l * >5?' S’-* 

I 7 ’A 14V*Cenl5c * S'? ““ 1 117 7>A 7 1 7 1 -. — 10 '. * 

iv. AiACtvOri 46t 1.1 — tv— dl'j 3 — 1 VolrfnlWI 


5V* lttGoylCwl 
10V, av,ceimSc s 


lain 6 'ACivCm 
SV* 3 OiOevA 
5 K 5 2 V*CtiOev 8 
34v. 13 CnoEn 


■ m .Ail Till d 2'. j — * VoirfnntO 

- S 9 iD 3'si 0 3 - 13 7 * a^Get^Dr 


•;. 17 13 15-1 I5-.S »SJh - * 

: .. 157 we 1 - Ji* 

2 ' " ^ - 

2 SfcSS-2 


Viv ?V. AMC 13 3 ; 17... 21'. — M S'^ jv*i_ru_*rwu ., 716 , 

^MJ.AMCPl - £ ^ ^ S*“gv.gSSl« = ^ ^^3 

r :s %• ii?§r s — z »Ti I 


75 V. 41 1'. ATT Pd 
BM, ahAclCom 
S J“b AraneVJ 
*< 4 , 4 AdmRsc 


,1 JV am J’- iAdvFin 

Li _ ”■ ■ . Arh.lJInH 


17 ,7 S 3V. 3^. S* - 

g sags :5 


II vj I3«iailpl 43 361: “Ml "V* Til 

32',.2SV«OminlPl I- 81 4 -’ M 41 . As-l. 4»* ►** 


17V*n«VGH>Smln 

14'. 5v*G4at>rinh 
31 . iViCoaTldoo 
17'w 8' jGldSlor n 


“ 104 110 liiv* 10 w, loj. - ;• 

' 75 2 '« I'* 2 ^k — o 

- " 134 13''. 13*1 13’-* 

“ - 1,1 '* '■» Jp 


5 ^. '.AdvMCdT 
10V. iWAHAAOP* 
JV* 31, . AQvPtTCM 
3W J'.iAcnnon 
If. 7'. AirWcrt 

7 Vi 5 V. Alamco 

I2W B'-iAIOaV/ 

IB '■Vi 16 AHW" 

IV. 'W.AInn 

17*1 6V.AllOR*n 


- 18 if; ■*• r- ■*• 

: ■■ y- Sv: : 

- 1 11 2*o 3V. 3V. 

- 4 ,» 8 ». 8 ". «*» — W 

" it SO 3’k ^ 7 *— 1 m 

- i? 10 !!■* H'n 1IV7 ~ 

, „ .'j 1 97 16V* If , IbMi - 

1.44 »■' - .. It. !•-., l'/u — ‘u 


97 16V* |6' i Vt>*9 

gl l*n l"*i. 'Vu — 

1 13 *V» *V, 6 'i • 

,4 J* 9V. »». *y ■ 


n, " XjMerPWB 

S". 2 (VlifrPIBP* 

0 ,^ 5 MLUSTWl 


: i 1 k k .1 ®* m 1 1 c w* f m 


_ _- jn .vftp,- 


— S 6,M .i^T^SSfA iw *• S.30'^ 


wil7»TlWl«B W 

13 6ViTurrrC 




3’» li/i.HoUfilV 


77 u S'Vi*Halw M |3>* U'-.- iJis * ■- 

lav. 13V.HmpUi 240 9 - ■» v . 5 .. s ,. 4 


^ ■sasci- ’ ^ - A iK-iRiSfi-s a^ssagsi >. w r ^ 

15V.17M.AteffiMV" S 41 ' TO 'Kfc 9V. 9V. + v. 11 ’.. SWRetac -“ e || ,7 32 

j|tt 9 jA«nnTr2 « ! 4 4 4 -W 28 *. IBWReosSM M 2a « 


rf. 131 .AiMM ,5 « lju. ij'. h'a *™ 

14 H ll 1 .AIM 86n -40«; J9 10 M !3’.» sV. 

is 11 1.AIM son 330-7 •* ji, , 6 >t 16V. ‘ 

ij'.lP.Airt-Wi -S b ti M 43 18'-.- 1B'% I8W -J» 


ajjMHAMzeA tA IS » 2 19 18* l Q '* 23* 12'ACnvCP B 

2IH 14V.AM4CB -64 14 36 25 * 1 , «v. — •■* 311.13 CwnCJ 

|4V. 8HAmPogn -• - ,3 7 I, 4% 4 ’. - 7 3"jCajrtAni 

9'. 6'VAPEInwn « J4 - ^ Jai If. -»* 23H l«*Cub< 

, s .; 9 AReitr 1J0 MJ « ■« 1" 0 jv. -!V la'u 13 CUrtcs 

- - — - 6 3 '* • • J - 4V, •Vi.Cyawin 


1 4V>CAOrlld J69 A) 14 " 154. IS'-* — * 

7V, 13HCTOSS « 4I2 2 £21 20'. 2017—1* 

i4' « |4nCrnCP •• S « i«n i9n i«n — • 

n i— n!-r rrif P B -• 1 — wiv "VI i/i TflVV — V 


l4V.13nHmpu, 

a s HotiaOr 

7 ’. 1 HanvCV 
»., I'oHanwIB 
|i»ii 'riiHorKen 
5 3"„Horlvti 
10V. 5 vv Hero Id 
21 H ll.Hor.ard 
AU.m-Hcobro 
S'. J9,.HO!i>W1 
38 24V, HaslinO 
47 . 3 WltlCh 


. 39 110 V-. S'- l * T-i 

_ 32 W 2 * 1 ’ 4 , t . 

_ 482' - r , :■ ,- 

:. .. 7i» »:•• 

13 45 A h -! J -* 4 J 

871 27 :.'i 

■M 3 ftM $t ’K 

« - JO* 30* 10> - v 


_ II 7 3’. 


8 H 3‘ ,A5ciE - — -j. v. v« — 

4 V. 7„AmSnrt ••• .-J M j. T-,. >■•>. — ijA 

5 n„ATecnC - IS ^ 9 8 *. 8 * — ■•• 

131 , 7'.'*AmPol • » I’.. «v* l‘'" 

jv, 'VtoAmpOlwt ' « v« If 1 14V, IS —IT. 

531 , 9M,AnOreoS - iv, IV* T. - 

15H SAnoPar 14J0C ... ' l4 J 4 n 6 !» 


^ ii g .i ^ li*" 


nil'IMl - , mm V) II. M 

-HimMars J) II 11 » 


14 14 


13' . VuHIlhPro 

3‘5 SV.HIinAm 


" “ P 3 2 Udl' .- 7 -J 

" 4 I2'5 ;!■: j;.- 


5 Th. Mi«nW 

f .MOOOA 

13 rnMcMS 
16 m 4V.MMWJ 
J li.MoranF 

3'..MSH1". «K 6 
3 *. 2 MSJI'owrt 
31 ., iv„MovieSlr 
II'. ax.Moniln -SAG 

1115 anMunviJ . 68 d 

IS*, iriMunAZn Jisa 

IS 12 MunAZ3n .87 
25'-, 19'.Mverlnd 
2 H7 1*1. NFC 464 

im f .HTNCom 
II', 2 NVP 


“ T TO 9V4 *Z 

400 10 4 4 4 — V* 

■"39 9 8 '. 81'* BJ* - 

“ n 10 117. 1TH 'IT. — 

= - s a s 

» ” & sa Kis 


-»« g S S 27>* «» ^ 


,K.i' l sar. „ =2 jssiSm!'^ asg, - 

?« life ^ii® 


B1A 4S»yj Ig 1 " r-7. 'wtt»?' 

? IsB^ '.n'5^11 

an gftUnWAAb) - 


ft* 


sv, IVjRSkKH 

ibv*i 2 raeeifl 

-./I ” x30 V* 9M.— 5 137.13 RtaAl" 

iaS’i *J43 9'. 8*. 9 -V* 9n 61 . Riser 

«2 Vo “ *v4 12 '* 12 v. 12 V. — «: sv, iQf U Roo*nst 

- 1 >i 5 4 awf* »* -« 

iS* M » — 1 'In ^ i,. n®ss 


‘USS5B- -rxm&4 

^0 e.?s3ga 


' _ 1095 5H * & 

. 153 77. 7W —** 


.. . <60 Iv- 
P-g-F - 


E!i 7 s. 3 2 ,;s J K:* 


I Til 579 4'4 4 

,T ms 14b 1 


nr„ 'V» Mr* - 


]i Z W 


6 *-. SHAnuhco 


10* , 10*. — % 


,41. S’.Aj.Win - - 4'* 4*. »4 

4S'„ a-.ArizLd 2Si'S4= B'. BV„ 


111 , jv.ArbRsl 

j iv„Amirm 
10 5’.. Arrow A 

12 V, f.sAmytn 
41 . 2 V.AU.oK 


10 11 . r* 

I 7H 7»* — 


" ,1 I 7*b 7H 7*b — 

- it r SW SV. SV. -9. 

24 Ma 3 29* !<■ - 

. 1423 57* S 5 - 


U. iVuDllnd 
Sn 2V.DBCA 
an mPofcoion 
« nD*ol wl 
a’. * OonlHd 

4 '. I'l.Woml 
liv> i^Doiaoin 
7n 4 Davsir 

4 iv„cwsl art 
an S' iC-aror 


ID V* 1 , V. — 

■" — so 3n in 3'* • 9 * 

- - to 2 'r: 2"1 *"k *'* 

- - in 1 *« US V'. 

- ia -jji 44 , on on — n 

" 3M 7 1<„ 3”.. 3V. — '5 

•■■'?? 27 4W 4b. 4n-'/* 

“ S7S 4V, . 4'A 41/, — •» 

-• - ^ IV* in. — v* 

*j |$ 10 “ 9 ’,H 9H — 1 K 

r? .J Si “n 7V. 7'1 - * 


4n 2 V."M'On: - 1 jj; 59 * 5 5 — A 6'.,DdElC .1*1 *•• " -L 301. TBS, . '.', 

,5 J* ijje J h S’ 5 ** S'* sn • . 331 , 251 .Dco. 0 b J4 1.1 12 “ Wii nu +■/,, 

S'* 41.iAttan0j M I0 v v» «» . 7 - s!I JhOwnW ... -= i! „V» liv, 231. 23V. — 


V, '6 A1MCM 

3',„ 1 Anas wi 

tan 9nAud>n, 

4n "bAUdr^., 
13 *. 4 AurorEl 
in 2'.,A!CO« 


13 720 I4bi I4W )4n ' Ml 
75B IV,, »'■ —9“ 

“■ « 601 71 . 7'. 7'b — * 


Bn s'-.iai™. „ _* 7 87 IQ ’VI 

1 8 2 ?'5 Decora* JO e-0 7 Jj '“n 7«> 7'7 — * 

9 5'.,DdElC .16' 2-\ g ^ »n 301*. WV, - ., 

331.25V.DCU-* M a fi 4b, 4V.« «“ +, /“ 

^,%8SST «c 3 75 11» «n m 23 4 £ -*** 

.in inDuiaA - I? ,„w 44. 4n > 'b 


U.UIMI — — T ■ .2 ■ 1JW5.-7 


2<4 nVTRSb 
4H 2V6V WW 

IlLSiiliM 


::: a mi ^ r* « 

419 2*'» JV* J 1 ' 


m liKHWr 
S'.r'v,.BAHO 
179,125. BAT 6 


I 1 

jn 2 'v.. > '•'■• 
;n 12 b. —9* 


^ “ ft ^ « 


i'/t 7V.Dwritn1 

27 U |7'.DcvnE 
44 . jnDioo A 
4 ,. 2V.D*iaB 
4’,'u I^DigKon 
194. bnOiroarb 6 

10 mDtfdes 

9 n 1 nDivConr 
B'b 4',[> 1 ’Tl'nc 
I4-. 12 '.>DrPw>B« 
2 m w.Dancu/ 
10 '..- 7V*DrvCal 


-I * -«4 u r iw va 


7V. 4»,.ICH 

i?n liv, ich pi 

5V*i 3 ICM Brt 

121/1 7*. IOI 


- 335 511 S', sj, 

Mt 'll " 47 'jW 3[-< ■ 


;i, jnNurrvK 
15'., 10'iNCAPI n 


14 f/* 6’A f* 

IftiK 


_n 4W xnsaipnsj 


4V. 8 10'- ID’* 'O'* — «• 

134b 10 Sanwon l»" « 9 ■ d« H — }J 

,4V. 1916 SDMJ P*A 1AO “ ~ i ill-rt iOV. 11 W *1* 


T. X J95 la^ 'J;? *f, )u 3 »v a lnldenlir 

~ S 43 * sn *v, 9'i *_■. ) “ *^.,*,.,141, 


- ^ “ST 1 , . in —V M I 14W BnirrmHIv 

-.5 'Si in ass^SKS 


■ l5 A8 si 53 IT’, I0V. lOW — '* 

f jv„ J‘! 3"* — *'» 

,n ' 15 9*. 9 9 — * 

■ “ .; im »-• M's -jo 

IT 377 33a 1 20' 7 20 I 20 , * 


82 V, 69 BHC ■■ \l y. ij,, W .; 201 , — *6 n i i OHDnrfMU 

74'vi 19 BadorM M 16 Js 71 . d 7i« 7', — 1 "S m, -jnDrylNi 

1 in 7VrBor.ef - ciZ 5 5'. - 4'.,, 2b.DuCOm 

54 , jnBoMw ;! 24 20 ‘: 20 ‘. MW - '* 111 . 9nCuP»* 

3an l«'/i BanFd UH’ 9.3 It « u .,, .. 4 nEO En, 

14'-.10",BamPO - • ji , v tv. n-, — la 2 m i4V,Eorff=f 

2 '. nBfSFran - ■“ — -• *" 


30 21'. 21W 


j':„ 2*.DuC0*n 

lib WCmpiei 
4 nEOEnv 
21V, HUEodFn 
17V. lUbEstnCo 


m vi w*.ai-4wr 


lOnilNiPIn 74 6.J - -S jji; 12 V. 13V. ’ *b 

UnflwOrtFl -78 5.9 - " |U, 111. » Va 

|f*NOHPI2n -6« *-0 - S llli 11^ 114b - 1 * 

U'.NPAPgn .» ^7 - 10 , 3 ,^ , 3W 

lmNvTVPI -“°5j - 19 II v, 11V. m. - 

SK;KS5SS W " 13 : .i n»«_r 


I25a 7 nscepire - - 'li an 4V. — v* 

7Yl S'.bSrJieOJ - ■= '2 177Ml 177V,I77W— 1W 

g VS - 

SSi 1 .):!^ :i i| US 15 2 S r 

7Tb 34.SOTVIOO -’5 m 4V, 4n 4V, 

sn snseroolr “ 7 S S’. 4H S +V. 

JI, msMinMd - ,-5 7 S nn im ii» — '* _ 

Itn T-aSnitoni a* J £ tn 6'. 6Vb - SaUs nourgs arE.^ 

04. jnHwnJGp ,,T 1 jVft JV, a*.— 1 me previous 

4'A snshodCd JO 15.1 - • w j 3 n 4-n tnaflns lo v.Wft? L l L 

tv. jnsilco “ M is 94b VA 9 'A - percent pr m onr hm b 

on 4>/aSnwkr _ „-s 24 IJ 7 «n 7 dividend areSiwm^n 


.98 2 

- -i-"-! ' -S 7 

1.13 8L8 M .lg WliWI 


s la 3 'L 'is L = 


"IB 15 Mb 2W 2VJ - 
T IS 35 6V, 657 M - 


to - 91 36’* »■* MW - 


6 Vj 2n.lnFnYW1 

13 W 9HlnlL0lrv 

IVu VulnIMovie 
7*. 34.lrflMW 
IV •ii.irnPwr 
6 Va jniRlS 
8 '- 4 imThrgn 
1 'Vj 1, Inlrsvitrn 
n iritinirsvWT 


42 9V, ?'/. 9V. 


M U )T %-g T- 


-’5 a 3n 2 ii ivi rVk 
- 9 7« S’- 4W S + }1? 

3 '9 5 ’1J; 'ln 'In ~- 


8 H 3n5iiwdGP 

4'A snSMfico 

41.4 JWSilco 

on 4'/, Srnok: 


Sales nnures are.iw 


1 zZ 3nSloanSup J9 113 - ” ^ jl 11 —2 noted. . . 

39 'i jonSmetiA k A4 JA 14 son son -W it>e latnst df-cioratjan. -•• -*;•- 

2 lonsmim* J2 '7 « , 0 ♦'* o — dividend ObP.^T'H.'^L -i., 

1 iv. onsrotnin Mo 6J — 14 V. ♦ 'A annual rat* o» plvVXnO PUB 


lB'/.ionintPiva .130 T jT 2714 ian ifn ifvi — n | ]* *? l l s ' l ' , ,S^ Sv4 

38V. !6Vbl»yCp -06 J " 4 SS 91V B'. ? "■ '•!' 'i’KSp 


2 n I’.iBeanJCo 

jn 1 Bebnoc 
?an 15 BcnchE 
8 *b faBeflEiW 
1(17 82'rBtraCa "w 
W. f.iBcldWl', 

I’u .itBelhCP 

74 >A 2 inBit*MI -Ur 
18 10 BiaPA 
l7niO'«B«JPB 

3'i, 1 BrtBJlim 
H,Bi5CHd 

15. II B1KBI09 A 105 
IS* - ll'.BCAIQn »9a 
IS' . 1 1' sBMFLIQ n 79a 
lii, U' jBNrlQn 79 
SJ'jJa'aBIO-n-P 7 050 
ja' .• UnBlouniA JO 
If ,13'rBoddte 1J4 
S' a r .Bownu 
jSnianBaiMnc JO 
9', mBrodRE 64 
in.. ?.,Brondn .22 
31 •„ ".,iBrondvw 


.90 a 6J 17 
1.60 10-2 13 


7 14%. 14n 14n 

2 is*, isn isn 


s if — 17 

i 104n94V,5CEd PlK 7JB 7.9 _ 4 Sy. zm 2244 _ I — a Ivldurtd PO>d i nto ^”^1' ' ~ 

ib V 32n5CEdPfP 1J4 0-1 •= _ 18 w 101* — >A taken Ot m^oMXtk 

1 MWI1V.SOUCTS - ’5 » in 41. -Vu • k-dWMWjd dedorrrtW^ga™ 

5 % IWSparV^i “ 91 3 'b 3 3 - IE9UC wllti di'ddonm marroar^^ 

>. 5V: 2VkSptSup>»f „ 3-7 n OT 4 Ml 4V, 4W-T6 n -rwwkWJjBjlhepo^S*** 9 * 

s JS. 1 » rs 2 ^ ift ?£. E «vSg«S , S^- 

2 isn snsiertB, ••■ II 4 an 6 6V. *vb stock dividend... 


fife 


- ‘sgfr IJB 3 ii 1 1 ss Jn s: ** 
jssssser , - 00 s, i g S * d .ss iT ru«--uiaas! 

lOWSunrlTx JI4 El - * 266 354 — J* trodino hckled. 

anSonfAP - - m , 1 , 1 , 11 VI *v» vl— mbpnh roptp' Of 

aVaSundwn — !* ’S mu. 1 . 1 . _ ZL- M— nmkirilrtcv Ac 


3'->. ■•■I|0.U"«>» ,-A ■■• 37 JJ'., ,2>'j in, - 14'. 9 FtAUSI 

14 WaM« >JW «■’ ir 3 a 3 3 -'T* im 9nFAusPr 
J 'k V'i.BrocbvP ~ 4 *08 I - - I - ** T ,, n 1 71. 4 ’bnCntd 

.06 3» S 30': 29'.^^. 

4n«JIFrn • • v „ 7 ,, a - 

81, 7»*CI7.1 B4elOJ I 7 I ? , 7'. 7'« -<* 

9 '. 3 .CMICP •• 17 3 i“ ji' 

iftiTSSK »» a ? <& 


lae I S _ 1091 10V, iu-» — ■> 
>9 9.7 ... Wl 10V'. IO^Wj 

to 1.6 8 26 6S 5V. 6'. . 


dor ttie BonkruP’tcv Ac 


-HS'S'E.-s 

SS'inSKf 1 MC J ■ 121 aw JES ' 


!a,,i3no=xco J4t> 
.'•■} 4'i»C'l Fin 
8 >.j 7»,CI7.1 We 

9H a.aCMICp 
jn I'.CSTEnl 
17' » 10 CVBFn 37b 

S'- I'.CVOPnn 
I.-.. "..OP 

n 73nCubl«5n 


. «U J' , 
_ _ IM *’u 


.7 166 4?l- 4? 42". 


ion 6V RlPer 
74 n JM.F 1 KJ 1 P 
11* » 3'*Rani<pi 
n I6WROPUI I 
J4V,24WRaRCk 
ja'iJO'iRuic 

15n I! Poodrtn 

44'. 31 Forstv. A 
52' : 28* • FoT'lLO 





NYSE 


UMontti 

man UliT&lod' 


Wednesday's Closing 

Tables include the natonw’de pn^ uD to 
me closing on Wall Streetand do ^ 
late trades elsewhere. Via The Associated Press 


(Continued) 


l7Moni1i 

man Low Croc* 


piv rid PE IPOs Hign LownaestQi'Pg 

ua -7 w 


sr\#iiir n% 
%■ ' ' 1 ** 


u'v aw 

mm 


SEPTEMBER 21-24, 1994 • BALLIOL COLLEGE • OXFORD 

Renowned scholars and corporate leaders assess 
the global business climate 


Three- davs to refresh your mind. A creative blending of business and 
intellectual perspectives. A chance to challenge received tvisdom and 
to gain new insights. These are the opportunities presented by the 
annual Inte rnational Business Outlook conference. 


Effectiveness achieved bv drawing on our vast resources to ghc 
timelv and objective comment on tlte world s most business sensitive 

developments. 

Exclusivity secured bv a strict limit on participants to ensure a _.l 
✓ 

ratio of business leaders to specialist. 

Stimulus provided by a reflective atmosphere, prominent global figures 
and intimate debate. 


The Oxford Summit - combines the discipline of scholarship 
i\ith the experience of business. 


Tin- hLCMii.Lv, I'lmr '.i\::i,'UFT v- 1 :. ■ im n:n* om-plk** l’i itr. 

lilhi'.’i. I'Ur.N f, *. J'.UTCHFIl . -.Ms O'C lil'i’-- CKi'I.II'. 


RcralbSSribunc 


VflJ 

OXFORD ASA1.YT1CA 


For further information, please contact Jane Benncy at the 
International Herald Tribune, 63 Long Acre, London V' C 2 F. q jH 
Tel: (44 71 ) S3b +802 Fax: (44 71 1 S36 0717 



vidPEiS x* ununaato* j W L0 " aa ^ 

ifi U '2 “ 


- Dtv VM PE Ttft- H* 


168 4H li 

i« a 5 


K 

a 



E ^ 

■I 3 8 



1 


t’-joi... 

Hi 

m 

0 

ft 

m 

-Si 








a _« 



























INTERNATIONAL HERALD TRIBUNE, THURSDAY, MAY 12, 1994 


— » . ’• *■*> V l 

V. ./ 

p.^uii. f. - • 
•/Z KM c a* 
■$ £■• ■: 
«? * si ^ ' t: 

v^T«*» W -4-, .• 


Page 1 


ASIA/PACIFIC 


4* JSt :* • • 

*•• . *■ "'i ■. 

••• a 

i vfcY. . . i - 1 

^ > 

F'T .. -.53* " : 

» -* : 

r_‘; .e ? ; 


Ventur 


one 


rri » *.I 

_ .a- 


U.S. Par in 


GM Heads Back to India 


40 Years On, It Will Build Cars A gain 


Swire Buys 
Stake in 


Hong Kong : 

Hang Seng 


■£ ': »• «* :- 


a S lkte ,h Kor«-p. cinc 


ers 


Tdetds Group 3 , fhr' Pac,rie 
U.S. conmanim ktee °ther 


. .i M V- 
ff ...* *’ ‘- -- 


u*. companies won u. . iner 
day ihe foreign sharehnlrt^ 0 ^ 8 " 
South Korea's^ond S n S '» 
phone svxiem «7 a moblle «eJe- 
Mobil, 


*8511'' - 


fit'.' - ' 
iWt* 1 ■ 


: M t* m 


« s 

QuifcomSCU L2™"4„“ d 

*<>'*& stake is 




<SLU 

. - iia v 


«■: 

■:•.;■? *■" 

• . *» *-« 
• JL>6 h- 

* i ts 




Primed by the Federation^] Kore- 
an Industries, a body chafed with 
putting together business eon sor- 
hiims. Jt mil enable a higher level 

frS? 1 lr ? srer from a ^0ad. a 
federation spokesman said. 

J. b ! e 10 illCT «^ ■h. 


cal linns inrlnHmi ;h _ _■ 


- » r r . : — «M<n. «.vcriu to* -iZ u ; oamj, 

S 2FF !2. C, ^ ded in die Original now 500,000 cellular 

mof shareholders have pulled out P hones »n use in South Korea. Tbe 

01 UlC CODSnnutm ^ j indiiefiii : . . r 


a ***** wd. bm 

SaaasftRs 

ai^uon last January. POSCO and 
K $P then emerged as winners. 

ratedn^M *? f ®J n “ 1, y incorpo- 
f-Mav 2 wuh paid-in capital 
^ 5.8 billion won ($7.2 million), 
ine company spokesman said 
ra P ilaJ would grow to 
A billion won by early next 
month when remaining sharehold- 
ers join. 

, , e four U.S. companies will 
help South Korea build a digital 
Phone network by 1996 to meet 
domestic demand that has been 
growing at a rate of 80 to 100 per- 
cent a year. 

The consortium will compete 
with Korea Mobile Telecom for a 
Market predicted to generate annu- 
al sales or S2 billion by 2000. 

There are now 500,000 cellular 


Compiled by Our Staff Fnm i DupdiJus 

NEW YORK — General Motors Corp. said 
Wednesday that it would build curs in India again 
after 40 years, in a joint venture with Hindustan 
Motors. 


--•*z *-'■ 

J* ;* : 
••. a* > 


V .* • •• i 


•w nrr 4 - •- 


w A*-‘- - L ■ 


yiiiw * - 


*1..- *•.. 


Srawrr-' 

«f-V(4A. -v- 
- 




01 tne consortium,'’ he said. 

Principal South Korean share- 
holders are Pohang Iron & Stud 
to with a 15 percent stake, and 
Kolon Industries Inc, with 14 per- 
cent. Around 240 local concerns 
will make up the remainder. 

The spokesman added that Air- 
i ouch Communications Inc. estab- 
, b > PlariCc Telesis to take part 
JB the consortium, had presented 
“tne most favorable conditions" for 
“cbnol^gy transfer and coopera- 
oon. “‘We believe afl four firms are 
satisfied with the decision and that 
we can maintain full cooperation 
and creative relations for the future 
with our foreign partners," he said. 

The formation of the second mo- 
bile phone consortium ends a con- 
troversial chain of events that start- 
ed last year, when Sunkyong In- 
dustries Ltd, a textile manufacturer, 
was chosen to lead the venture. 

Sunkyong abandoned the deal 
after charges of nepotism. The son 
of Sunkyong’s chairman is married 
to the daughter of Roh Tae-Woo, 
the former Korean president. 

Following the Sunkyong pullout, 
die national communications min- 
istry gave the Federation a man- 
date to form a consortium through 
peaceful consultation. 


industry expects expansion to 5 
million subscribers by the end of 
the decade. (Reuters. AP) 


GM said the new company. General Motors 
India Ltd. would be owned equally by the two 
companies, with GM having principal manage- 
ment responsibility. 

The venture would have an annual production 
of about 20,000 Astras, the same model produced 
in Europe by the CM subsidiary Adam Opel AG. 

Production is due to start in the third quarter of 
1995 at an existing Hindustan Motors plant at 
Halol. near the city of Vadodara in the western 
coastal state of Gujarat. GM said total investment 
in the site was expected to he around S100 million. 
The venture will create about 500 jobs. 

, Indian content of the car is targeted at 70 
percent after three years. 

Richard Nerod. a vice president of General 
Motors, said the venture would give GM an “ongo- 
ing presence 1 ' in the expanding Indian car market 
and serve as a springboard for future business. 

C.K. Birla, chairman of Hindustan Motors, said 
that GM’s return to India after 40 years was a vote 
of confidence in India's economic reforms. 

*T think that the automotive industry in India is 
now set to take a major leap forward, both in terms 
of technological upgrading and achievement of 
world class quality," Mr. Birla said. 


GM began assembling vehicles in India in 1928, 
building Chcvroleis in Bombay. It quit the country 
in 1954. seven years after India won independence 
from Britain, citing unfavorable economic condi- 
tions under protectionist government policies. 

Tbe company has had a licensing agreement 
with Hindustan Motors since with the 1950s to 
produce Bedford trucks, Vaaxhali cars. Allison 
transmissions and off-highway equipmenL 

(AFX. Reuters. AFP) 


Shanghai 
Real Estate 


■ New Rules on Raising Money Abroad 

The Indian government on Wednesday set rules 
and limits for companies tapping foreign capital 
markets following the failure of a billion-doll ar 
Euro- issue by its overseas telephone monopoly. 
Agence France- Presse reported from New Delhi'. 

The Finance Ministry said it had decided to 
follow a “restrictive policy" toward corporations 
wishing to raise money abroad by floating convert- 
ible bonds. Funds raised in this way would be 
treated as direct foreign investment and should not 
exceed 51 percent of the capital of a company, the 
ministry said. 

The guidelines came after the fiasco suffered by 
the Videsh Sanchar Nigam Ltd., whose SI billion 
Euro-issue was withdrawn after a lukewarm re- 
sponse. The debacle created uncertainty about 
dozens of other planned Euro-issues by companies 
hoping to raise a total of $9 billion over the next 
year. 


Malaysia Lifts 
Currency Curb 


es 


Agent* France- Presse 

KUALA LUMPUR, Ma- 
laysia — Bank Negara, MaJay- 
sia's central bank, said 
Wednesday it was lifting one 
of six measures introduced to 
curb the inflow of speculative 
foreign cask Tbe rulings will 
be effective next Monday. 

The bank said ir was lifting 
a February measure that im- 
posed negative interest rates 
on vostro accounts — Malay- 
sian ringgit accounts held by 
foreigners in local banks — 
held by foreign banking insti- 
tutions. Negative interest is 
money deducted from interest 
that has been earned. 

The bank said that the mea- 
sure had reduced the balances 
of vostro accounts from a high 
of 8 billion ringgit f$3 billion) 
to Z6 billion. 


local institution, up from the 40 
percent ownership they are now 
allowed. 

Foreign hankers, who plan to is- 


tor of sodety,"said Senator Raul sue a response Thursday, have 
Roco, one of the authors of the bill, warned that a restrictive bill would 


Nonetheless, the bill contains send the wrong signal to ihe intern a- 
more restrictions than foreign tional business community on the 


banks wanted. Under the legists- course of the Philippine economy. 


CompiW bv wir Staff From iHsparchts wrong with the present economy in local institution, up from the 40 
MANILA — An increased num- the Philippines and that there is no percent ownership they are now 
ber of foreign banks wih be permit- place for protectionist policies allowed, 
ted to set up full commercial opera- geared to protect only a small sec- Foreign bankere, who plan to is- 
tions id the Philippines under a bill tor of sodety,"said Senator Raul sue a response Thursday, have 
passed by the two bouses of Con- Roco, one of the authors of the bill, warned that a restrictive bfil would 
grass on Wednesday. Nonetheless, the bill contains send the wrong signal to ihe interna- 

But the compromise reached by more restrictions than foreign tional business community on the 
House and Senate leaders is far banks wanted. Under the legisla- course of the Philippine economy, 
more restrictive than foreign bank- tiem, a maximum of 10 new foreign But Mr. Roco said the legislation 
ers had sough L _ banks would be admitted to the would offer a boost to the economy 

The banking liberalization bill, country over a five-year period, but and would “allow the Philippines 
which President Fidel V. Ramos each bank would be limited to six to join the global economy and give 
has pledged to sign into law as early branches and would have to com- the country access to foreign funds, 
as next week, is the final obstacle to ply with a minimum capital re- development and opportunities 
an accord between Manila and the quiremem of 210 million pesos ($8 opened by present international 
International Monetaiy Fund on a million). market conditions, 

three-year economic program that Eligibility would be limited to Since 1948. only four foreign 
includes credits erf $650 million. the top 150 foreign banks in the banks have been allowed to ope rate 
Hammered out after weeks of ne- world or the top five of the country- in the Philippines: Citicorp* Hong- 


Comptled by Our Staff Frew Dispatches 

HONG KONG — Swire Pacific 

Ltd. revealed Wednesday that it 
has bought a IB percent stake in a 
retail and office complex in Shang- 
hai, its first major investment in 
real estate in China. 

The company said that one of its 
wholly owned subsidiaries. Swire 
Properties LuL. had signed an 
agreement Tuesday with C1T1C 
Hong Kong Ltd for a role in the 
project. The unit is an arm of China 
International Trust & Investment 
Corp-, the Chinese state-owned in- 
vestment concern. 

Neither company said how much 
money was transacted in the ar- 
rangement, but the cost of building 
the complex has been estimated at 
1.5 billion Hong Kong dollars 
(SI 94 million). 

Swire had said earlier this month 
that it was in contact with CTHC 
about a role in the project. 

Construction work will begin in 
early 1995 and the complex is ex- 
pected to be completed in the sec- 
ond half of 1997. Swire said. 

“Our 10 percent interest is a shar- 
eholding with which we are comfort- 
able as this marks our first venture 
into the property market in China." 
said Mike Noir.'a properties director 
and general manager of Swire. 

Peter Sutch, chairman of Swire, 
said last week that the company 
was hoping to work with the CITIC 
group on more real estate projects 
in China. “1 hope very much that 
we will be able to find other ven- 
tures there with CITIC that make 
sense to both of us." he said. 

(AFP. Bloomberg Knigfu-RidJer) 


. ■ ' WM ; v ".19 SB:. - : 

Exchange • Index- , -vA&H-.-/ 

"■ "= - ;^Cfo8S~yf Clow. 

Singapore , 

Sydoey 7 ^ , " APptrtiTOfes v • 

To^ro~ ^. ^'.Nftkeiggs. . ' C ) 

Kugta lurojwr ■ ^ompp^fe 7 ■ , 

eaitgltok J J r r "SEt- y. -- v. ; , 1.23S.76 . 

Seoul ' . Oom(pCMS ; StDNac'' 94831 \ &47^0t - 

Taipei r BflZ4 A7- ".5ff37j37-' : ^.C47-l 

Manila '• .PSE- ','2,fiSi2T ^9.13.45. ■' ^j33 

• " ' . i£$ ' ' 463.04. 

ftow^ealand • NZS&40 '■ ;.V = " 2^63^4 - : 2;030ig\ 74^*; 
Bombay ’ Natic^ 'tnci^^ : . 1 *837^4 ’ . 

Sources.- Reuters. AFP ' 1 S 


Seoul 

Taipei 

Manila 

Jsdtarta 


iMCnuunil Herald Triboac 


Very briefly: 


• Sanyo Securities Co.'s president Yoichi Tsuchiya, will resign next 
month to take responsibility for 80 billion ven (S779 mHlionj in bad loans 
incurred by a subsidiary. 


• Perodna Manufacturing Sdn_, which will begin producing the second 
domestically developed car in June, has secured a 240 million ringgit (S92 
million) loan to fund the project. 


* Indonesia will sell 46 percent of its stake in PT^ Tambane^ Timah Perscro, 
the state-owned tin producer, to raise about 10(1 bilKon rupiah (54d 
million). 


non, a maximum of 10 new foreign 
banks would be admitted to the 


But Mr. Roco said the legislation 
would offer a boost to the economy 


country over a five-year period, but and would “allow the Philippines 
each bank would be limited to six to join the global economy and give 


branches and would have to com- the country access to foreign funds, 
ply with a minimum capital re- development and opportunities 


International Monetary Fund on a 
three-year economic program that 
includes credits of $650 million. 

Hammered out after weeks of ne- 
gotiations between congressional 
leaders, the bill would weaken the 
nearly half-century- long hold over 
the banking industry by a handful of 
family owned institutions. 

“It is evident that something is 


market conditions. 

Since 1948. only four foreign 
banks have been allowed to operate 
in the Philippines: Citicorp* Hong- 


of origin. Philippines monetary au- kong & Shanghai Banking Corp., 
thorities have been empowered to. Standard Chartered Bank and 


ensure that local banks remain 
dominant. 

The bill also would allow foreign 
banks to own up to 60 percent of a 



OAIWA JAPAN FUND 

Sotiefe dTnvesfissement a Capital Variable 

" 20, L^29531UXEMBOURG 

R.C. luxwWg B22761 


PHONES: Tapping Into Russia 


Sharehokk-is are.hcwibj convened to the 

ANNUAL GENERAL MELTING 


of shareholders of our company, which will take plare *1 the offices of 
Banque Internationale a Luxemboura, 69, route d’Esch. L - 1470 


Banque Internationale a Luxemboure, 69, route d Esch. L - 1470 
Luxembourg, on May 19, 1994 at 3:00 p.m. tor the purpose of 
considering and voting upon the following Rgotda; 


1. Submission of the repo ft of the baud of directors and (he auditor; 

2. Approval of the statement of net assets at December 3], 1993 and the 
statement of operations for the yrar ended December 31, 1993: 

3. . Allocation of the net results: 

4. DiR-harge to the DirertyrB and the audilun 

5. Riixipt of and actiuo uit norainatiott of the tfirectore and the auditor; 

6. MisoJbncous. 


5hareholdcn< are advised that no quorum is icquin-d for the : items of the 
acrrtda of the Annual General Meeting and that decisions will be taken at 
the majority of the voles express* -d by Ihe share holdcra present or 
nqmNetilt.'d at the meeting. 


In uni,*- to atU-nd die mcctira: of May 19, 1W the owners ' 
shares larvc to deposit their shares Eve dear daw before ihe meHjngal 
»t** rtf Ranuue Interna Ikwiak- a LuxcmnoiHE, 69, route d bscn. 


the offices of Banque Interna lion ale 
L - 147(1 Luxembourg. 


HIE BOARD OF D ERECTIONS 


Cottiimied firm Page II 
programs raaata clouded by their 
scale and cost. 

Moreover, h is xmdear that the 
Ministry of Communications can 
exert sufficient control over local 
and regional telephone authorities 
to pull off whai Same Russian tele- 
phone executives consider one last 
gigantic central planning project. 
They said the local phone compa- 
nies were increasingly setting up 
their own expansion projects and 
responding more to local pressure 
for more lines and better service 
than to plans hatched far away in 
Moscow. 

Then there is the continuing 
question of political stability. 
When Mr. Pavlenko of U S West 
assembled a group of institutional 
investors from the United States 
and Europe in Moscow last Oct 25 
to ask for $40 million to help fi- 
nance the American company’s ex- 
pansion here, he hardly needed to 
point out the risks. Clearly visible 
through the conference room win- 
dow was the charred bulk of the 
White House, ihe parliamentary 
building where a political uprising 
had been violently squashed by 
President Boris N. Yeltsin a few 
weeks earlier. 


Despite the risks, nearly every 
big American and European lele- 
oomniunicatioivs-equipmeni sup- 1 
plrer and telephone network opera- 1 
tor has a presence here: including 
AT&T, Alcatel Alsvhom of France 
and Siemens AG of Germany. Ca- 
ble & Wireless PLC of Britain re- 
cently bought a stake in an interna- 
tional long-distance carrier in St 
Petersburg. 

U S West, France Telecom and 
Deutsche Bundespost Telekom 
have been named as the foreign 
partners in the domestic long-dis- 
tance upgrading project The for- 
eign companies are seeking ways to 
minimize their risk without giving 
up the potential rewards, and none 

has done so in more innovative 
ways than U S West. 

To raise more money without 
increasing its own financial expo- 
sure here, U S West eventually per- 
suaded its group of institutional 
investors, including units of Mor- 
gan Stanley & Co„ and Baring Se- 
curities Ltd_ to put up $40 million. 

In addition, the Overseas Private 
Investment Corp., a U.S, govern- 
ment agency that helps finance pri- 
vate deals in emerging markets, 
agreed to provide $125 million in 
loan guarantees. 


Bank of America. Those banks, 
which are restricted to three 
branches each, account for 8 per- 
cent of the total assets of the local 
banking system. 

Critics say that has ensured huge 
profits for domestic banks, high 
interest rates for borrowers and 
poor service for customers. 

I Bloomberg. AFP, AfXi 


■ Hong Kong Shares Rally 

The benchmark Hang Seng in- 
dex of Hong Kong stocks rose 4.29 
percent on Wednesday as investors 
sought out shares considered cheap 
relative to projected earnings, 
Bloomberg Business News report- 
ed from Hong Kong. 

“We have continued to buy 
throughout this period, because «« 
we value in the market," said Mark 
Mobius. president of Templeton 
Emerging Markets Fund. 

Tbe Hang Seng advanced 366.07 
points, at 8.906.16, after rising as 
high as 8.943.50. 

“The real value is found in some 
of those properly companies that 
have diversified into other areas, 
such as a company like Cheung 
Kong. These property companies 
still look very cheap," Mr. Mobius 
said. 


• Japan Asia Airways plans to hire new flight attendants on on hourly, 
rather than salaried, basis to help reduce costs. 

• Victor Co. of Japan, known as JVC, plans to develop a computer imaging 
system with Hughes Aircraft Corp, a subsidiary of General Motors. ” 

• Ricoh Co. has developed a photocopier with an automatic page turning 
system for copying books and other bound documents; it plans to begin 
selling the copier within a year, but ihe price has not yet been set. 

• Aerospatiale, the French state-owned aerospace company, will send a 

technical team to Bering to study cooperation with China on projects 
including satellite launches. afp. aFX. ap Bhwnberg 


Thais Aid Foreign Investors 


Bloomberg Business Neies 

BANGKOK — Thailand’s Secu- 
rities and Exchange Commission 
has approved a plan that will allow 
overseas investors to get around 
rules on foreign ownership of Thai 
companies, a commission official 
said Wednesday. 

Under the plan, investment 
trusts would be created that would 
be able to invest in Thai companies 
on behalf of foreign investors. The 
trusts will be Thai holding compa- 
nies, said Vasant Thienhora, direc- 


tor of the commission’s legal de- 
partment. 

Currently, foreigners can own no 
more than 49 potent of most listed 
companies. 

Under the new plan, because the 
legal owner of the shares is tbe 
Thai-registered trust fund, limits 
on foreign holdings would not ap- 
ply, Mr. Vasant said. 

Listed companies will be able to 
deride themselves whether to allow 
an investment trust to buy their 
shares, Mr. Vasant said. 



o “® 
l- _ 

IX 

•a ^ 
1- 

« U 






FOREIGN EXCHANGE & GOLD 



LONDON & GLOBAL 
FOREIGN EXCHANGE PLC 


PREMIER SPECULATION SERVICE 
QUOTE UP TO 100 MILLION U5P 
Too flow i ComM House, 1 1 Bear Slr«l, London WC2H 7AS 
tel ; |071) 839 6161 Fax: |071|839 2414 



TradeSfalion Users - Looking 
rarurcjvw for a Real Feed? 

Now available - 7b e NEW FutureSource Digital faed for TradeStation 
Usero AH Major Futures & Options Markets • Real FX • 24 Hour 
Coverage, including broker prices » Refresh Dara * Automatic 
Historical Download • Intro-Day Corrections. INTERESTED? 

Call FuHjreSource Tel.: +44 71-367 3367 Fax; +44 71-431 3042 


The cultural life of the nation has gone into overdrive • Visitors from all over the 


world flock to Spain’s treasure house of exhibitions. Art fairs and museums have 


Duff F— 

i'ne -JS dollar w’,:i 


SSahdSSemySrwT 

„ Will WOT. Y- <*> 


• US donor W’,:i soar-, oeirauau *<;•- be weak: You aid 

on I rise; Japan 5 economy a s-o- . ’ !qsV , c investment letter. 

N'O* read that In Futtertsioney ' ^ chc? Aneiysss Ltd, 

- - ■ - -rcstcr ?« ... 


row s^ei ,-£+!- ^ t- . 71-r.S9+*S6____^_ji ■ 


•FOREX *METAiS 'BONDS ‘SOFTS 

Objorilve analysis for professional investors 

(44) 962 879764 

Fiennes House. 32 Southgate Street, Winchester, 
Hants S023 SEH UK Fax (44) 424 774067 


been augmented by classical, pop, jazz and rock musicians and visits from 


world renowned theatre and ballet troupes • And like everything else in Spain, 



✓ Competitive Price 5 
✓ Daily Fax Service 




2411 



THB DAILY SPECULATOR 
THE COMMODITY TRADER 
THE WEEKLY INVESTOR 




before the rn&teteop&- fimahciai tbapcbSl ltd. 

PtotsBcsB lor aPREB copy 280 Oser Avenue 

pe0s0 rJvnnt Hauppsuge. NY 11788. USA 

of t be market letter of your w S1&43S-4000 

(Mice. Fax: 516-435-4897 


the nation's art constantly overflows into the parks and terrazas • Rook your 


z 

o 

o 

o 

z 

< 


seals now. Tbe performance is about to begin. 





Passion 

for life 




















km 


m- 




mm 




mmmm 

wmm 












‘ *#'; 


£ 


C- ’^7 »•■** >' 


&>'! 




> > *£. ; 


/*•> 


-•V.' 


h> 


W- 


;'i^" 


U?’ : 






'> >v 


I *”>.*' : 


l/;. 



iv> 

„ Ba 

m 

j Jr; 

If 'I 

Hi* <f; u 

Pis'- 


H £ 

m 

||r 




aL ■:-?■’■$ ' *lv>v 

_..._^ wmm 

iisiss^ 


|fe*3§ % 


Tk* , -..1. *■£ > •;<■& , -. »■&* '^'vV5 SL^aSst'. 


SI.’ 'f '-•, J 

s\^Ht 


7?7e iflSOs nave ivrtnessed phenomenal growth in the leisure and sports sectors. Above: the Emirates Golf Club. 

Duty-Free Rings Up Record Sales 


race it began jusi 
\'£j 10 years ago. the 
pErv- jjs Dubai Duty Free 
SsttUlii shopping com- 
plex at the emirate's interna- 
tional airport ha** revolution- 
i?cd tax-free sales in the 
Middle East. 

0 has also set new stan- 
dards of presentation amJ 
service for the industry on a 
global basis. 

Since u began in Id84. the 
complex's suies have risen 
hv 4.-5 percent. Last year, 
reord sales of Si 31 mil lion 
were made, equivalent to 6 


percent of the world's total 
tax-free sales per year. More 
than 5.6 million passengers 
used the airpon in 1993. arid 
per capita spending at the 
complex is among the 
world's highest. 

The Swedish-based publi- 
cation World of Travel 
Shopping 1904 has idea ti- 
lled the uAE as the world's 
top travel -shopping center, 
with expenditure per traveler 
in 1992 averaging $S48, 
compared with S553 per 
traveler in Singapore, S462 
in Taiwan and $448 in Hong 


Kong. Pan of the secret of 
Dubai's success is the envi- 
ronment that has been creat- 
ed in the duty-free shopping 
complex. 

U i*» tastefully lit- spacious 
and well laid-ouL. with plen- 
ty of room for passengers, 
particularly late-night transit 
visitors, to browse among 
the 60.000 or more items oh 
display. 

'We want to make it u 
pleasant experience to shop 
here." says Cohn McLaugh- 
lin. general manager. Mr. 
McLoughlin has been nin- 


ning the complex since it 
opened. 

Dubai's’ duty-free opera- 
tion has achieved worldwide 
acclaim and won many 
awards from the duty-free 
shopping industry, as well as 
from many travel and leisure 
magazines. 

The duty-free complex 
has also launched a number 
of innovative promotional 
campaign.-, one of which is 
the long-running “Dubai's 
Finesi Surprise." a regular 
raffle for luxury cars, now in 
ii* third vear. 


Trade and Tourism Fuel Growth 


0 wo world events - Kuwait's 
recovery after the Gulf War 
and the breakup of the for- 
mer Soviet Union - have 
had a major effect on trade, business 
and the development of Dubai, one of 
die seven sheikhdoms that make up the 
United Arab Emirates. 

During the past three years, efforts to 
diversify Dubai's economy have inten- 
sified and are now beginning to pay off 
as the overall terms of trade increase, 
industrial and commercial investments 
have been pouring into the Jebel Ali 
Free Zone / they have increased by 150 
percent over the past three years), and 
leisure and recreational facilities have 
been expanded, making Dubai one of 
the premier sports and tourist centers of 
Arabia. Facilities for championship 
golf and powerboat racing are just two 
of many sports attractions that have 
helped 10 make Dubai a global destina- 
tion. 

While most of Europe, North Ameri- 
ca and Japan have been in recession, 
the pace of business and trade in Dubai 
has accelerated rapidly - in spite of the 
fall in oil prices. This is because Dubai 
has never really been an oil-rich state, 
and for a century or more its economy 
has been based on trade and re-exports. 

Total trade rose in 1993 by 73 per- 
cent. to SI 733 billion; I992's total was 
a staggering 23.6 percent more than the 
$13 billion recorded in 1991. In 1993. 
imports amounted to SI 3.7 billion, 
compared with SI 2.9 billion in 1992. 
Machinery, electrical goods and tex- 
tiles were the top import items, fol- 
lowed by vehicles, aircraft and other 
transport equipment. Nonoil exports 
were up 7 percent, to just under SI bil- 
lion. Sales of base metals 1 mainly gold) 
were worth S3SI million. They were 
the highest single commodity on the 
export list and accounted for 39 percent 
of all nonoil exports. Other principal 
export hems were textiles fS256 mil- 
lion/ and vehicle, aircraft and transport 
equipment (S80 million ». Total re-ex- 
ports during the year were S2.8 billion, 
siightlv hisher than the 1992 fisure of 
S2.4 billion. 

Dubai's two main trading partners in 
1993 wore Japan, which sold Si. 9 bil- 


lion worth of goods, and China, with 
SI . 1 billion. They were followed by the 
Llniied States (SI billion). Britain 
(S9S1 million) and India ($958 mil- 
lion |. Re-exports confirm Dubai's po- 
sition as the main distribution hub tor 
the Middle East, the Asian subconti- 
nent. pans of Africa and the Mediter- 
ranean countries. 

This role has been greatly enhanced 
by the expansion of activity in the Jebel 
Ali Free Z!one and by the air-sea cargo 
facilities developed by the unified 
Dubai Ports Authority and the Cargo 
Village at the international airport. 
Commenting on the trading position, 
Khalid A. bin Sulayem. the new chief 
executive of the Dubai Commerce and 
Tourism Promotion Board, says that 
one of the most significant recent 
trends has been the diversification of 
the economy. “The nonoil sector now 
accounts for more than 60 percent of 
the United Arab Emirates'* gross do- 
mestic product. And the diversification 
process is even more pronounced in 
Dubai, with a ratio of oil to other sec- 
tors of about 25:75. Trade is the driving 
force." 

Saeed Juma A1 Naboodah, president 
of the Dubai Chamber of Commerce 
and Industry, which will soon move to 
new headquarters, says that "the posi- 
tive economic trends made by Dubai 
were an extension of the healthy eco- 
nomic development of recent years. 
The national manufacturing industries 
made a substantial increase in the value 
of their exports during 1993. which in- 
dicated positive trends in local manu- 
facturing industries. The increasing 
number of foreign investors in manu- 
facturing also reflects the success of the 
industrial operations. It also confirms 
the support we are giving to economic 
diversification policy.” He believes 
that Dubai's integrated infrastructure 
has been a significant factor in makiog 
Dubai the leading international re-ex- 
port center of the region. 

Efforts by the local business commu- 
nity have also helped to create new and 
wider markets for Dubai's exports to 
Asia. Central Europe, and East and 
Central Africa. While Dubai’s present 
and past fortunes have been founded on 


trade, the 1990s have < 
nomenal growth in the 
sports sectors. The drive foritourisj 
an additional source of revetaie^ 
teiTupted by the Iraqi 
Kuwait, but now it is moyinj^ 
with some dramatic resifltsUTE; 

Much support for Dubai’s 1 
sector has been in die 
ship by Emirates, the 
and by the Dubai D*- 
at the international 
racing, professional, g 


>U: 


— - »: 


' -v • > i.y.: • >. ... 

‘ - - rxi t 


investments in the Jebel AB fieri 
increased by 150 percent over 
years. 

eently. tennis tournaments* snoota, 

and chess are a few of the eveasi*^ 

have begun to attract 

tion. Last January anttShn^ 1 ^ 

galaxy of golf and 

for two world-class 

Desert Classic golf touraairejpfiiJ 

rare on the European Pra&BMiillS 

Association tour, and 

Open, with prize money t^fe^j 

The South African 
took the golf title, andthejg&^giM 
pionship went to the 
nus Gustaffson, who tbok.'t^^mn| 
purse of $144,000. SiH&ejp|jai« 
confirmed Dubai's sta&s|^^» 
puted sports capital of 
in addition to its more tra^twaafit® 
as the entrepot trade 
gion. The sporting factcrrfe'tej 
dimension to tiie term 
versification." ' 



DUBAI 

• DUTY FREE'S 
FINEST SURPRISE 
CONTINUES... 


.• : . H -■ -.-V ... v r V ■ 'i':': s v 

1 ■ 

: •. ••.««;* 1* : .\f. ■■■ r, 

. ' • • * 1 - 1 v i>>: 1 - 

.• v 4 . 1 1 txavf ■'« ■ •.■■.i'v, 

I'."—':* ,. .. 
’• v.<« v. v. r >».•:? •iffM'-.fV..;. 

.;i . .mi: »*'> 



- - .. — ^ . 
- ,t._* ~t2 ■ S" 


sssSP-'-i; 


MBN3DE5 BENZ S 500 L 

- — J.'*'. : ”--i . • 

" 5 -,«vr \ .. 

■■ *■£ ~Z- ~'TMi ... ... . 


Dubai Dc/ty.Frefs Finest Surprise U T," 

NOW OFFERS YOU A CHOICE. TtCKETS MAYBE -• 1 ■ * -• 
PURCHASED FOR ONE OR BOTH CARS. 

Foc each car, tickets are priced at ' • T'T’.T! ]' v. . 

Dhs 500/US Si 39 and .limited to 1 ,000 bonafide. 

travellers either departing, or transiting, / ' ■‘/‘T**; T - 
through llw'iVx f !r: •• 

The draw date and winning numbers wilt be ’ - v ! -- - • 
published, and-each participant will be advised. - 
' Th« cars *viif be shipped to the 

winners address tree of charge. 

The Finest- Collection at the World s " 

Most Elegant Duty Free . . c • - 


•* ‘ — -t. • • a 


For The World's Fmest- 




lOT.M AN N|VtRZ) AH V 


For iurther imr.rm3iion p(ease rail PuK3i .Nr)4* ^iVi-J4 0 r fj v f97r4f2*M : 45N" ‘- 


m CONGRATULATIONS! 

OUBAI DUTY FUttS RNEST SUKPRRC WINNERS 


IVinner 3§fih BgflBg 2S7lh Winner 288th Winner 

wmm. marianholmes nr »wmS ~ 

tSenc^# ^- Ticket #0371) (Scries #2S6- Ticket #0251) iSeries # 287 -Tckei #0551) {g Sgl SS* * ^ 

tmm Dubai. UAE. from Dubai. UAE. winner or a from Dubai. UAE, winner i£?5lS2 8 ,;!S to * 09W 

winner of a red black Porsche 91 1 Carrera of a makdiven hlue . m UAE - . _ 


Porsche 92S GTS car. 


black Porsche 9] 1 Camera 
Turbo 3.6 car. 


or a maledivcn blue 

BMW 850 Gear. 


winner of an imperial red 
Mercedes Benz S S00L car. 


K>-‘ 





li/l I 






lit . 1 . 1 .-VI 










tiji 


Wmmm. 






S&3tf 3t?isa 


9,9 18343758 *«M»«hlWU6MW» |T |im I 7023952 I M 



















1 



m, 



fax e »v i*r 
* it? 
£C:v.i t 
weo s'.-f\ a 

fe1r.wi ; 
fc ft :s 

.trw 

■for D ->. 
K site 
X.' Ifcj 


ra! - 


.'■ -* :* 
' ; m G ; 


-'ijr 


Pirate: 
New Hub 

Reaches 

UUTTO 



t Jets'. A : 
Mnxr-.Ci 


< • ■-■ • . 
*i -*•# . l 

tf *- 5 :•• 

?*'" ' ' 
•ff- ■• 
■ir .«* ; 

r«?v " ■' 


*«!,; . 

■-_V.. : 

i 

V-' •' • 


0 fbai has U new 

Kha?^ milker: 
bin S “- 

appointed chief ^ who was 
the Dubai rv execut,v e of 
Tourism &P er « and 
'ast auZm ° Uon B °ard 

Mr C..i 



Jwteknatio^ al um\Li) thihi y,t:. rm , <SI M 


uoard at h* {? JOIned the 

J9 89and hrLNii Cept i 0n *« 

with special E* 63 a dlrect °r 

i?r the P boa/d*t*S2l Sibi ! i| y 

division vvhioh , pr ° mot, on 

— 

Econ °™ ™™cts 

motional aiSSSL 1 * ther Pro- 


CEO, Dubai Commerce 
and Tourism 
Promotion Board, 

says the board 

wS focus 
on new markets. 

iniemaioi^hS’"^ “ d “ VeSt ’ 

SM’iMoES p^fttf-SKES 

taj^g j- . . U1 “te UUlf to is CTBarino n -U4,. 

tries 

: “ For example, 

the end of the Cold War has 

dramatically raised Dubai's 
economic contacts with the 

former Soviet Union. Viai- 
iors from the CIS are esti- 
mated to have spent more 


Jebel Ali Free Zone 
Attracting Top Compaq c; 



p age 

ad vertising section 



ne of ihe real 
success stories of 
•993 has been 
— 7- the flood of new 
companies that have either 
^gf^mdor moved into the 
Jebel Aii Free Zone (JAFZ). 
oome 140 new companies 

have been listed, bringing 
rh ES> sent totaI more 

than 600. It makes JAFZ the 

I«lSte<it-(ITnun« n C * _ 


Japan. 1 l/fSxSmHona Kong Sta^5 1 i ?2l Sa * es in to ’ 
the United Stai 

rvrrrnrt K..n. _ . . ^ 11 



..... WilllCU 

and six from Canada. 

"There is more and more 
export and re-export busi- 
ness m Jebel Ali because it 
makes economic sense to 
mm.; operations where costs 
are low. * .says Mr. Sulayem, 
who is also chairman of the 


— — ... IUW I up j+u. 

percent), bulk cargo (up 39 

Pfn lagged cargo 

(up 22 percent). 

Most major international 
^PPmfhnes now call at 
Dubai. ‘There is no intema- 
uonai destination that can- 
not be covered by DPA 


motional activities. 

PTOgre^ U (Jjj n |% em 'raie ‘s 
“Dubai haEt^n >em sa - vs - 
period of* iS^ga 
growth over thZ econorn ic 
years. All ma ? e past 

.ss-f-sss 

terntfr" a ™j? r flow Of in- 

°o U mte deVe,op '"S Ce ^y 
riom being just a regional 


with the CIS 
increasing 
dramatically 


money iu uavei to uubai for 
business, shopping and plea- 
sure.” 

“In tourism," Mr. Su- 
Jayem continues, “the board 
nns been instrumental in see- 
mg a dramatic increase in 
the number of international 
tom- operators promoting the 
Dubai package. This is not 
tablisli 


. — ims is not 

■I. 11 ® 1 m established markets * «•■■«« ««:. 

nke Germany, where we o , cordm g to Sultan bin 
now have 48 tour operator, SJyj chairman of the 
h.„.„ **« JAb Author- 


total investments estimated 
at more than SI billion. 

The growth ofJebeJ Ali is 
a direct reflection of Dubai's 
policy to encourage greater 
economic diversification by 
providing the basic infra- 
structure for manufacturina 
and distnbution of goods 
from the emirate. 

According to Sultan bin 


Dubai Ports author oc toverea by DPA 

&S y%SS STi?l3p 


than $l billion on buying 

Sr? 0 ??* and other good? 

” the UA E last year. Simi- 
larly, South Africa, isolated 
from the Middle East for 

r; e A ha , n - 30 y ears « has 

matte Dubai the focal point 

bus^S^e"^ TH aCtiVitieS '* 

Dubai will also benefiTfmm J ’i? 1 " 8 P^ndal — MW1 _ 

the internationalization of ^ ^ CK ’ Soulh 

India and Pakislan SS# "* ^ 


L, , , . — . wperarore, 

out also in new markets such 
as the United States, where 
we have recently secured 12 

tour operators.” 

Looking ahead. Mr Su- 
layem says: “In terms of fii- 
tore pJans and priorities, the 
board will continue to focus 
its promotional efforts on 
the major markets of Eu- 
rope. North America, the Far 
East and the Gulf. However 
we are actively extending 
vines elsewhere, in- 

j tnaj -_ 

CIS, South 



jifei 


I tv 1 1 A C-7 * ■ c " nc ^urnor- 

3onm AFZ/ ? ^ more than 
-30.00° people are employed 

m the zone. Local goods and 
services purchased by com- 
panies in the zone amounted 
to at least 1.5 billion UAE 

dirhams ($416.6 million). 

. In addition to established 
investors such as Unilever, 
tulips and Acer, recent ar- 
rivals to the zone include 

AST. Seiko. Sharp 
and Fuji Film. 

According to a late 1993 
study, manufacturing ( 1 87 
companies) now accounts 
for 61 percent of private 
capital investment. At the 
brae of the study, there were 
jjo companies in warehous- 
ing and distribution. 160 in 
oade and 100 in service in- 
dustries. 

Companies have been at- 
tracted to the zone for a 
number of reasons. These 
include the strategic com- 
mercial location of Jebel Ali 
in the Gulf and a wide-ran»- 
“JS Parage of incentives 
offered by JAFZ A. such as 
economic utility services, 
tax-free holidays, 100 per- 
cent foreign ownership, no 
visa restrictions and a mini- 
mum of red tape. 

A geographical break- 
down of companies by 
country of origin shows chat 
the largest number (2^^ j 
come from the Middle East, 
followed by the second- 
largest group { 144) from the 
Asian subcontinent and Sri 


ror managing the emirate's 
l*!p pipping terminals at 
Jebel Ah and Port Rashid. 

Business has also been 
booming for the DPA, 
which is now among the 
world s top 15 ports in terms 
of cargo handled. Last year, 
there was a 12 percent 
throughput in cargo. Total 
tonnage amounted to 24 mil- 
lion tons, compared with ^ I 
million in J 992. 

A total of 9.694 ships fa 
S f .P erce i nl increase over 
•99..) called at the pons. 
This included 3.171 contain- 
er vessels. 17 percent more 
dian ml992. The number of 
standard containers handled 
*: 6S mMon. compared 
with 1.48 million in 1992. 


-.-j in me- world, 

declares Mr. Sulayem, who 
expects to see a significant 
growth m shipping activity 
over the next five years 
More than 100 shipping 
lines serve Dubai. -It makes 
Dubai one of the greatest 
transsfupment centers in the 
world, says Mr. Sulayem, 
who has been looking at po- 
tential new customers such 
as South Africa. 

In order to keep abreast of 
growing demand, the DPA 
has had to expand its ser- 
vices in both ports. It nxxnt- 
'y bought four new gantry 
cranes for unloading con- 
tainers and has “gone live” 
with a new state-of-the-art 
computerized container in- 
formation system. 


Cargo Facility 

Setting Records 


nother growth 
record has been 
set by the Dubai 
-f^r , — Cargo Village 
31 D 11 !* 11 Internation- 
al Airport, which has be- 
come an integral part of 
Dubai s freight-handling 
services. It was built in 1991 
at-a cost of $75 million and 

*i7 i2? r hand ! ed a record 
-- 1 7.66S tons of air freight - 

199? erCenl more lhan in 

Several individual records 
were also broken, including 


the greatest amount of ™! 2 ^?^oencu S . 

aa&ss*— • 


expanded to cope with the 
anticipated increase in traf- 
fic. 

Planned new facilities in- 
clude a second building to 
house freight-forwarding 
agents and another dedicat- 
ed to courier companies, 
oultan bin Nasser AJ Man- 
soury, director of the DCV, 
cites .several reasons for the’ 

s$tr w,h of the 

. These include fast opera- 
tions, quality, reliability and 
cooperation between cus 

tOniS- Dllh^i Prvrtr A ..»L 


9 - - - uay “ 

I / tons. The terminal, 
w'hich covers 300.000 
square meters (3.2 million 
square feet 1, may have to be 


“We have managed to re- 
duce the red tape to almost 
Mr. Al Man- 



zero, 

souiy. 


says 



fer- - 




The Road To Success. 






Many of the edioy wheels an the idckI 
today aie mc^fpqm aluminiinn from 
DUBAL, the world’s largest single 
producer of A356.2 foundry alloy, 
both unmodified and strantiurn 
modified. 


GtSU 




SSKbdi 

. CcrnAcnt Na 5102 . 


it: 




grade aluminium alloys through 
optimum plant performance, 
esrephonal energy (conversion effi- 
c ‘ enc Y and maximum environ- 
mental protection. 

DUBALS alloys cue widely isaccded as ™ T °^J° ur PotHnes at DUBAL 

IteacoeplEdMusIrystancinBdin Jcpan,fhe r— rar 2 J 4 °;° 0Cl . teg ™ es 01 ahminium 

USA and 25 other countries. Ttefe no an arorage purity of 99.92%. 

accident Since 1979, DUBALtocmtinuousty 0611 other 

researched and developed lmrm vZn! 
inbathchemistry.op^^S^ 

ampercKfe levels, anode des^n s * - . rehabflfly and service 

and casting technology. The -Si -1— I a stag position 

objective: To produce prerriium : QIJQ jgL to spectoTcS^ 119 ^ 

r» ^ AluiBiniumbyDesian 

" Dufxn Aluminium Co. Ltd. P.O. Bax 3627 Dubrrf tt a v 
Tst (97145 846666. Fa*: (9714) to ^SSbOHM 



Make the right connections in Dubai 
- the business centre of the Middle East. 

When it cnivs to Ceding a base for your regional headquarter 
Dubai is the logical choice. The dty has become the region's leading 
centre for trade, transport and distribution, industry, conferences and 
exhibitions. For * ,.d reason. Dubai encourages enterprise. , A state-of-the-art telecomm- 
^ uniCil hons system puts you in instant touch with the world. 60 


) 

e 

« 

al ; 
« 

ie i 
. in 


t 
- o 
1 j- 


s t- 


i (s 




international airlines link Dubai with over 100 dries worldwide. 
And the City boasts sophisticated banking, finance and other services, as well as world class 
office acconmi. Jatii m. H What's more, there 



ar 

ie 

al 

of 

ay 

w 

ed 

x- 

an 

xd 

its 

on 

the 

or- 

arp 

tin 


A 




58? 

act 

it? 

LE 

usly 

|eds 

ype, 

asia 

al 

:d 

Mm 


is no taxation 


m Dubai. Tin.- UAE Dirham is freely convertible , , ,, .i,,,.- ,,,,, 

Red tape is 

lwpt h ’ 11 mininu,m - slrah? S ic k « tion you a time *one bridge between the Far 

Fast and Europe. And Ihe lifestyle is great too. 1 So make the right connections. 


• = 

:ph& 

nna 

mon- 

dpat 

a. 

reel. 

es. 


Decide on Dubai. 



S & 


For mure inhirmatiim i»n l!>uhoi. please contact- nuhai TZ" * 

M TaUv K.vid. I ..ndon Sled W ORF.T^rr, i ™T^. nsnl Promoti on 


IN 

% 

JMU 

» 


m'ORE Te fc ( nnj8ai^i.F« lc 7(njj^;. , ^?3wwS RA rrG 




nSTERISATlONAL HERALD TRIBUNE, THURSDAY. HAY 12, 1994 


at ||| "j 

’ b |-i§d 

2 fete 

iSU.fce." 


,v 

i',\ :-5P. 

Is 


P‘i 

Jft i, a 

I# 

m;i ii.nvi 


Ijlaa 

tbi 

IJH* 

it" 


T 

U^iT - 

F v L 
IftQ: 51 

jtlff ,p 
8.' Si "> 
Si if; •’■ 


fcjfc r 1 

*s% ; 

gi,.* 

fel 1 ' 

»s k> n 

.*» « *» < 


fcS5- 

fist 

Nih 


* - . 

Hi 

II- 


fib 


mi: 

m , 

S'i M'i 

if' * 

:5»i i!-i 1 
»'• 11*. 

■ I ■ » i'«( , 

e 

i*. : i 

!«'• i?* , t • 

ft: (!■;!! { 

■ ! 4 1 

;:p- 

: 6- ; :l ’ 


SPORTS 

Sharks Circling 

Final, Canucks 
Already There 


"Braves Score 7 in 9th, 

■ 1 ainnih 





*.F 

*1 


77ir Ass^iuteJ press 

The San Jose Sharks’ Russian 
dominated top line produced when 

il Sergei Makarov. Igor Lanonov 
and Johan Garpenlov — the 
Sharks - biggest offensive threat — 
had not scored since Game 1 of the 
series with the Toronto Maple 
leafs. But on Tuesday night, they 
struck accounting for the SharKs 

STANLEY CUP PLAYOFFS 

first four goals in a 5-2 victory that 
gave San Jose a 3-2 lead in the four- 
of-seven-game series that will de- 

Splays the Vanover 

■Canucks in the Western Confer- 
ence final .. 

The Canucks wrapped up tneir 
semifinal in Five games bv beating 
the Dallas Stars on Tuesday QighL 
Leading the way for San Jose 
was Makarov, who had two goals 
and two assists for his Cist points 
of the series. Larionov added three 

assists. . , 

“They have a way of showing up 
in crunch time,” said the San Jose 
coach, Kevin Constantine. -L Sergei 

was great tonight.” 

Makarov. 35. considered washed 
up when he came to the Sharks this 


Wheel, Likely, 
KiUedSenna, 
Mosley Says 

Reuters 

LONDON — Ayrton Senna 
was probably killed by a blow 
to the head from his car - s front 
wheel, the president of the 
sport's ruling body. Max Mos- 
ley. said in a letter published 
Wednesday. 

Mosley, head of the Interna- 
tional Automobile Federation, 
wrote in the letter to the Tunes 
of London that “there is a I 
strong suspicion that Ayrton 
Senna was killed by a blow to 
the head from the front wheel 
and suspension and that, but 
for this, he would have sur- 
vived without serious injury." 

The three-time world cham- 
pion died after crashing into a 
wall at high speed at Imola’s 
Tamburello corner. Both 
wheels on the car’s right side 
were ripped off. with at least 
one rebounding off the wall. 

“When the wheel hit the 
wall, it came bade and the 
whole thing hit him on the 
head and killed him." Bemie 
Ecclestone, president of the 
-■ Formula One Constructors 
Association, told the Times. 

“Had that wheel been 10 
• centimeters to one side or 10 
centimeters higher, he would 
. have just undone his belt and 
got out of the car feeling very 
annoyed.” 

Investigations into the crash 
are continuing. 


season, has eight playoff 
ing him for the league lead, while 

Larionov has 16 points. 

Thanks to the two Russians, the 
cnmrisin 0 Sharics will return to To- 

series, which resumes Thursday 

m ^We know we can beat them in 
Toronto.” Garpenlov said. We 
,usl have to go there and play our 

S ^Tbat Style was not successful in 
rhree previous games against the 
physical Maple Leafs. But Larion- 
ov's line came out playing its fluid 
passing game to perfection. 

“They're a tough line,” the To- 
ronto defenseman Dmitri Mironov 
said. “They're going to break out 
sometime. They're too good not 

10 The Sharks - goalie. Arturs Irbe. 
rebounding from a disastrous 
Game 5 outing, faced -A shots, 
stopping 27. He stopped all eight 
shots in the third period to preserve 
San Jose's lead. 

Makarov capitalized on a Toron 
to turnover in the neuLral zone and 
1 skated in on Felix Poim for a 
breakaway goal. His wnsi .shot heat 

, potvin. who stopped 22 of 27 shots 

' to the stick side 1:17 into the game 
1 The Maple Leafs answered with 
a power-play goal, tying it on Dmi- 

I tri Mironov's slap shot from the 
right point, his Fourth goal. 

After a goalie interference penal 
ty against Toronto's Ken McRae. 
Makarov got the puck in the righi 
circle and made a backhand drop 
pass to Larionov behind the net. 
Larionov passed to Bob Errey in 
the crease, and the puck went off 
defenseman Bob Rouse’s skate into 

the net. . , . 

After a review by the video goal 
judge. Mike Shanley, Errey was 
credited with his third goal. 

Two minutes later. Larionov's 
line struck again, this time when 
the center fired a slap shot f rom the 
blue line. Makarov flipped the re- 
, bound over Porvin’s stick to make 

i ii>L . , 

i Garpenlov scored his fourth goal 
> on a slap shot 2:33 into the second 
I period to put the Sharks up. 4-1. 
t before Mike Gartner countered for 
the Maple Leafs. Gartner got his 
’ fourth goaJ on a deflection of '' en- 
del Clark's shoL 

a Getting the second assist on the 
S play was Doug Gilmour, who has 
i» [wo goals and 1 1 assists m the se- 
e ries for an NHL-high 21 playoff 
,l 1 points. 

Canucks 4, Stare 2: Pavel Bure 
scored two goals as the Canucks 
K won for the seventh time in eight 
! c games. They are returning to the 
IC conference final for the first ume 
ie since 1981 when they eliminated 

R Chicago in five games. 

Nathan La Fayette and Bure 
in scored in the first period, Murray 
ij Craven in the second and Bure 
a again the third as the Canucks out- 
pj scored Dallas, 18-1 1. in the senes. 

Mike Modano and Dave 
sh Gagner, both on power plays, were 
the only ones to beat the Vancou- 
ver goal lender. Kirk McLean. 


; *• v i * 

.»* • .y , * 

|j -v \ . K >% 

W «' 

* *. • _%*. * - 
, . , -.V - ' : 

I •'. * >’'i . . • 


'■<* . * 

> > b -j V"*.; V 7 ' t ; 


The Associated Press 

Trailing by the score of 8- 1 in the | 

ninth inning did not stop the Atlan- 
ta Braves. Neither did running out 
or players other than pitchers. 

“That's probably the toughest 
°ame I've ever managed.” the Phil- 
adelphia Phillies' Jim Fregos said 
after the Braves' 9-8 victory in lo 
innings on Tuesday night. 

Philadelphia took an 8-1 lead on 
the strength of Pete lncaviglia s 
sixth major league grand slam, and 
was tied almost as quickly. 

Ryan Klesko. Frol McGriff and 
Dave Justice opened the ninth with 
singles off Shawn Boskie Mark 
Lemke singled in a ran. and Charhe 
O'Brien's two-run single made it *- 
4 Mike Mordecai, in his second 
major league at-bau followed with 
a three-run homer. 

Bill Pecola grounded out ana 
Deion Sanders singled, bringing on 
Heathcliff Slccumb. Dave Gal- 
lasher “rounded out as Sanders ad- 
vancedi and Javier Lopez smg^ed 
off the glove of a leaping John 
Krok at first to drive in the tying 


been around this game a 
had lefi Maddux. Sieve 

S 3 iSBX*S~ "i 


M ROUiNOUP 

was ia.ea.iot.ally walked aod 

FreeS said. “You're not -J® 
^v^up position there, not with the 

pi ^cher b Mike Stanton then 

popped a bum ow the hrad 
pfflua' third baseman, Tom Qum 
tan. driving in Sanders. . . 

bunion. Atlanta’sreventh Pitdhr 

CT went 2 -for -2 white allowing 
ihiee hits in four scor^ ^ 11 ^ 
a career high. He is 6-for-10 at the 




a carcw — 

plate m die majors. 

“I have no idea how the ban 
wound up at third, but, be* * 


^prised MQbofc ' 

Kxuk move hsck at first, I dotadeu. 

to give it a try.” r . 

Cartfinals 7, Cubs & ^ ^ 
Mmv a 6-0 lead, then won on Ray ■ 
La^Jorf-s nth : U.nu. g homer 
against visiting Chicago. 

ToddZele hit a three- nm homer 

for the Cardinals in the first, wth 
Rey Sanchez’s run-scoring single in 
the bottom of the eighth making it 

avfluoderbyCarlos Hernandez in 
SToth in y DodgCT Stadium when 
the Houston catcher, Tony Ense- 
failed to keep 

plate. Eusebio was charged with an 

er Mds 3 Expos 2: Joe Orailak 

10th inning and ®* 

New York rallied in Montreal- 

Wettdand blew a save for the 
fourS Sin five chances. David 
i <vsnri sin gl ed in the ninth, went to 
[ JefI M^oight 

■ and scored when John Can- 


S F 7m: 




IOi lia IWMU.Wtll 4UftHg{jg 

It was the,Mets , t(Wini 
victory, a&4 
five gaaKs, . 

Maxfi|S ' . 

mood fadd-v&tiiij^ 

WO hits foT eigiit ^Bfef 
emy Hemandcz -pitii^- 
pi nth. Miami’s Mate 

plwrmg tfe-lnfmed^ ng ] 

Gary Sieffidd, dnwe.^^^ 
the fourth with a 
Rockies 4,Qa&2:^- 
held host -Saa-Ti^U^ 
hits for SftTiinmgviad;^^ 


- Reds s 

hit his 199th caieerjte^ 1 
Brian Dorset! abg-^co rmp^ 


Reds won in San.DB^ji '- '. 

Rqo, winnir^for’thega^ 
four starts, retuedlfistBt^ 
tecs until Brad. Am^^]^ 
de^ shortstop 

seventh. :The - r bMa ~ 
five hits in aewsiumte 1 -' 1 ' 
four and vraJkeddwC 


wmmmM 


■ 1 1 " 

- - - : ***' - . .1 , • w •- •> • V */• -i 

;.\s 

' /• V *' ’■* , • •• ' ' '■ ’ 





Pitchers, Yes, Keep Brewers, Yes, in Flret ThenwP^k SetforSm 

umI iwa nm fa. flv, InnlBtt h. O'NeiU leads ihemajOT. II h,.- ™ fourd. NEW YORK- In* ««P L“ 


The AxwuiteJ Pro* 

The Milwaukee Brewers are in 
first place, thanks to the best pitch- 
ing staff in the American League. 

That certainly sounds odd. but it 
happens to be true. 

Jaime Navarro pitched six up- 
and-down innings on Tuesday 
night, allowing eight hits and live 
walks while striking out a career- 
high eight in a *-5 comeback vie- 
tdrv over the Boston Red Sox at 
Fenway Park. 

Doug Henrv and Graeme Lloyd 
then turned in three perfKt innings 
in relieL giving the Brewers a 
league-leading 3.66 ERA. 

“We didn’t listen to people that 
said how bad we'd be," said Na- 
varro. 

With its second straight victory, 
Milwaukee stayed in a first-place 
tie with the Chicago White Sox m 
the AL Central. The Brewers came 
back from a 5-2 deficit with a six- 
run seventh inning. 

“They’re an underrated bau- 
club,” Boston’s Scott Cooper said. 
“It's not like we’re playing some 
scrub team.” 

Boston's relievers lost this one. 
After Gar Finnvold started and al- 


lowed two runs in five innings in 
his major-league debut, the next 
three relievers gave up seven runs 
in 2Vj innings. 

Scott Bankhead gave up an KBi 
double to Bill Spiers. Greg Hams 
replaced Bankhead and loaded the 
bases by walking Turner Ward. 

AL roundup 

Alex Diaz's single made it 5-L 
Then Dave Nilsson struck out 
swinging at a pitch in the dirt, the 
ball got past catcher Damon Berry- 
hilL and Spiers scored. 

Two pilches later. Hams Tired 
the ball past BerryhiU again, allow- 
ing Ward to race home. John Jaha's 
RBI double chased Harris, and Bri- 
an Harper's single off Todd Froh- 
wirth made it 8-5. 

Yankees 5, Indians 3: Paul 
O'Neill homered twice and dou- 
bled against Cleveland, raising his 
batting average to .471 and giving 
■ New York, playing at home, its 
. fifth straight victory. 

; The Yankees lead the majors 
with a 21-10 mark. Not since July 
. 1 987 have they had the best record 
- in baseball this late in a season. 


O’Neill leads the majors in tai- 
ling and on-base percentage (.?/»)• 
He hit bases-empty homers in the 
second and eighth innings. 

Orioles 6, Blue Jays 3: Mike 
Oquisi pitched five innings or ha- 
less relief aaainsi visiting Toronto 
for his first major league victory, 
and Lee Smith worked the ninth to 
act his 15th save for Baltimore. 

~ Cal Ripken Jr. homered and 
drove in two runs for Lhe Onoles. 
who have won 10 of 13. Chris 
Hoiles and Leo Gomez also had 
two RBls apiece. 

Tigers 10, Athletics 2: Mickey 
Tettleion hit a three-run homer in a 
five-run first inning in Detroit, 
then Kirk Gibson and Lou Whi- 
taker later homered against Oak- 
land, which lost for the 18th lime in 
its last 20 games. 

Twins 7, Royals 4: Shane Mack s 


three-run homer in Kansas Gty 
helped Minnesota win its fourth 
straight- Mack, who has hit safely 
in all seven games since he was 
activated May 3, bit his second 
homer of the season in a four-tun 
fifth off Tom Gordon. 

Wlute Sox 6, Mariners 2: Robin 
Ventura. Joey Cora and Frank 
Thomas homered as Chicago beat 
visiting Seattle. 

Cora drove in four runs for the 
Sox, who had 18 bits in their high- 
est-scoring game of the season. 

Angels 5, Rangers 5: The game, 
tied after eight innings at 1:10 
A.M. in Texas, was to be resumed 
Wednesday and followed by the 
regularly scheduled game because 
AL rules state no inning can begin 
after 1 A.M. on a team’s first visit 
to another city. 


New York Tunes Servtet 

NEW YORK — In a step aimed at t™nrf' 
into a more entertaining fanulyj place, 

K and “is asegue to what will happen in entetamoot* 
future,” said Fred Wilpon, tbe Mets cojwner. v^. 
The $1.5 million project is also an mthcatioo^^ 5 
design to build a domed stadium and entmaumCTt 
S. ShTL. “A permit VaM. Far - gj 
will 50011 show the designs lo Mayor Rudolph M™.. 
“We have designed a retractable dome siadramm 

for basebaH and 80,000 for other uses, he stu<LTh«Mirai. 
be surrounded by four-story garages, on top 

Extreme Baseball diamond, where fads wtfli nmxwt 

dock on base paths filled with wall jg^wSbli 

crawls and an elastic jungle. There will be a 

green goo geyscre, a video batting Ca § ft c J 

based on the “WienerviHe senes and Stin^ys^i» f ^ 


TO OUR REAPERS IN GREAT BRITAIN 

It’s never been easier to subscribe 
and save. Just call toll-free: 

0 800 89 5965 


basea on tne wicuci vu«. r — , ■ 

flying hairbaD, based on “The Ren & SUmpy 
y ~We create silly, messy, always fun 
Layboume, the president of Nickelodeon. Kiteand patta 
spend more time together, more time havmg n™- , ^ 
Admission will be $12 ($10 if tickets are pmttasea 0 ^ 
During home games, only fans with game tickets 
for an extra $5. 


DENNIS THE MENACE PEANUTS 

— 1 1 1 " — i 


CALVIN AND HOBBES 


1 LA-", 

■s 


l'M DE 5 PERATELV IN 
NEED OF HELP UdITH 
MH’ HOMEWORK .. 


ALL RIGHT, BUT 
YOU'RE 60IN6 TO 
HAVE TO PAV 
ATTENTION.. 


NOUJ. IN THIS 
RR5T PROBLEAt.THE. 


I HATE PAYING 
ATTENTION > 


POKT 5VM KtVW HCeffiS 
TVtWnHE,CMSW. I WNCf 
MHqGHEMOKDO TOHAtt 
XfJ Wfftr to OU.? S*E 
fel_JvESOK. 


«B8ES ®«T 
MG«£RTHE l 

b we. 

BE. SlW. 
WU. 

WMTCHCI^L 


BUT VES 
PfiOBABLl 
ML lOfGl! 


W«® S 
»»nca gg 

Sr 11 































.1 





INTERNATIONAL HERALD TRIBUNE, THURSDAY, MAY 12. 1994 



Page 21 


. Ian Thomsen 

wflliidp 

mcrselL 


his for- 

*£“ named . Y «»«i 

hTslfflgbt or 1.90 metes <6 ?*“■ 

1hs. 19 years of age. UmwL\ h ? and 


MM? y^rs of age. La** weei- l/ . ' 00,3 
lip Ivanisevic astf on ?^ H 8 ?*®*’- he 


ancf.tiie other in’an aOev" th” 10 a . mansi on 
maasion was slightly ahid _ ,®5 e - ™ ^ 

fc" Md 

avenged himself with a ?2, 

S^i-sSfS 

SSfnSftssa-s 

fiSt^assssa 

SSS«S»WL“JS: 

airoost as much respect as he has won 
S^^ ,I .S. Ul !?? ,0,)I 8 anK ''K'rfu™KmclL 



Inter Milan Wins UEFA Cup 


n « r» ■ Vwnni Firm Renter, 

Bons Becker, making it look harder than the final score, beat Javier SAncbez. 6-2, 6-2. 


rali -° ar ? tjnd - He has not won 


anything really major. So last week he was like 
**“ c ? Dular P h °ne ringing in his 
slarin 8, down at his expensive 

when Kaf dnikov^added wUlli l , *0 Medvedev overcame Renzo Furlan of Italy. 64. 

st^^fwastk^ ^ ^ the alley to +6. 6-2; and No. 2 seed Michael Slich was 

Then Ivanisevic came here, joining a field 


back in order to get rid of A lex Corretja of 
Spain. 6-3, 3-6, 6-3. The No. 3 seed and IWO- 
tiroe defending champion, Jim Courier, had no 
trouble with another Spaniard, Alberto Costa, 
gening past him by 6 3, 64. No. 8 Boris Becker 
beat Javier Sanchez, 6-2, 6-2; No. 6 Andrei 


as everyone does, then it is frightening to imag- 
ine losing your place, your position earned. 
Perhaps he was still feeling like the up-and- 
comer before last week; or perhaps be had lost 
that unbeatable feeling of youth prior to his 
mugging by the Russian. 


CvmpiM by Ov Staff Fran bitpajcJm 

MILAN — Inter Milan set up a 
possible Iuiian double when it won 
the UEFA Cup here on Wednesday 
by beating Casino Salzburg of Aus- 
tria, 1 -0. with a goal by Wim Jonk. 

AC Milan faces Barcelona in the 
European Champions’ Cup final 
next week. Arsenal prevented an 
Italian sweep of the European tro- 
phies by defeating Parma for the 
Cup Winners' Cup lost week. 

■tank's goal hall an hour from the 
end of the game came just in time 
for Inter, which was struggling to 
bold onto the Nicola Berti goal that 

S ve them a 1-0 lead from the first 
j of the fmal in Austria. 

The Brazilian midfielder Mar- 
quinho beat Inter’s goalkeeper. 
Waller Zenga. with a low shot that 
bounced back after hilling boih 
posts as Salzburg keep Inter under 
pressure. 

But the Uruguayan forward Ru- 
ben Sosa, reportedly on the move 
to Roma, slipped die ball through 
for Jonk, and the Dutch midfielder 
ouunaneuvered the defense and 
chipped over Salzburg’s keeper. 
Otto Konrad, from a tight angle. 

Sosa also missed two clear 
chances to score during the match. 

Zenga saved Inter in the second 
half when he blocked a fierce shot 
from Salzburg’s right back. Leo 
Lamer. 

Inter was the UEFA Cup winner 
in 1991. Italian clubs have won the 
competition five times in the last 
six years. 


t;ame acK ' joining a field 
CTOwded with owners of the Grand Slam titles 
hfw heretofore eluded him. Agassi, the’ 
No. 12 seed, was upset Wednesday by a 22- 
Italian, Stefano Pescosdido, 6-3, 1-6, 
the 1989 French Open champion and 
nfth-saded, Michael, Chang was beaten by 
Jaoco Httngh of die Netherlands. 6 - 3 , 7-6 ( 74 ). 
Neither winner is seen as a longterm threat; 
Agassi still has Wimbledon, and Chung vvill 
always have Paris. 

Pete Sampras, the world No. 1, had to break 


scheduled to play Alberto Berasategui of Spain 
later in the evening. 

In the meantime, Ivanisevic was deciding to 
not wear a brace around his right knee after 
playing soccer on Monday. 

“He hurt a ligament.” said his coach. Bob 
BrelL “He didn’t even touch the ball. He is the 
only player in the history of football who ever 
had an injury with touching the ball." 

Knee troubles, no matter bow wobbly the 
cause; are the best excuse of all. But Ivanisevic 
played with an urgency, winning the first five 
games. If ft is easy to lose your sense of purpose 


“The fact that Goran fought hard today and 
played hard until the end was something that 
was very good.” Breu said. “It’s important for 
every athlete to always go to the end, because 
you never know whai’a going to happen. If you 
don’t, then you really baven'L learned anything. 
If you do, you learn about yourself and what 
you need to do to win.” 


How must it feel at 22. to experience that 
middle-aged scare? Perhaps it helps: Ivanisevic 
survived an early break in the second set to 
triumph as he almost always should. The next 
step for him is to focus upward, which is the 
way he used to be. 


• A plan for Japan and South 
Korea to be co-host of ibe World 
Cup finals in 2002 was ruled out 
Wednesday by FIFA’s general sec- 
retary. Sepp Blatter. 

He said in Kuala Lumpur that 
the idea was “impractical.’' thus 
casting a pall on the .Asian Football 
Confederation's hopes of ending 
ihc feud over who should stage the 
continent’s first World Cup finals. 

“Personally. I just cannot see it 
making sense.” Blatter said of the 
plan devised by the AFC’s general 
secretary, Peter Velappan. to split a 
32-nalion competition between Ja- 
pan and South Korea. 



(taimwJftllf AumiieiJ Aym 

J ABBE R W OCKY — Muhammad Ali, the former heavyweight champion and draft resisler. put 
up ins dukes Wednesday to the amusement of passersby outside Ho Chi Mint's home in Hanoi. 
Ali is accompanying family members of ILS. pilots unaccounted for in die Vie tnam War. 


“Who wiB qualify as host?” Blat- 
ter said. “Who will be responsible 
for security? The questions are end- 
less.” 

He and FIFA's president. Joao 
Havelange. will be the chief guests 
at the AFC congress on Friday. 

The AFC promoted a joint bid 
because the rivalry between the 
Japanese and South Korean feder- 


ations became so bitter. Vdappan 
said in March that Havelange had 
promised to consider the plan seri- 
ously and that a committee would 
study it after the finals this summer 
in die United Stales. 

• The U.S. tournament is al- 
ready running into controversy, 
with the police in Washington hav- 
ing ordered a 6-foot-high (1. 8-me- 


ter) fence to be erected around die 
playing field at RFK Stadium for 
the five World Cup matches to be 
played there next month. 

“It is a well-known fact that for- 
eign fans associated with soccer 
have had a tendency to charge the 
field.” said Assistant Chief Melvin 
Cla*. 


SIDELINES 


f EL Cordobfe’ in Retreat? 


MADRID (Reuters) — Manud Benitez,' the famed 
Spanish bullfighter known as “EL Cordobes,” has bad 
second thoughts about a much heralded return to the 
ring this month, newspapers reported on Wednesday. 
Benit 


itez had killed two bulls in training behind 
chased doors in a ring near the Andalusian port of 
f CJniz recently and found bewas notprepared to make 
. a professional comeback, the papers said. 

Benitez. 58, Spam's mostfantous wd Controversial' 
‘ matador. of. the 1960s amf.TOv announced his return 
in a high-profita uews conference last month at the 
headquarters, of Antena-3 television, who had con- 
tracted to broadcast the fighis hve. 


Voskamp Wins 17 th Stage 

OVIEDO, Spain (Reuters) — Bart Voskamp of ibe 


Netherlands grittBy hung onto_a rapicQyjlwindling 


lead Wednesday to win the 150-kilometer I7th stage 
the Tour of Spain cycling race. 

Toni Rominger of Switzerland, the overall leader by 
a wide mar g in , finished second, 23 seconds behind. 


Florida State Allegations 


TALLAHASSEE, Florida (AP) — Six days before 
Florida State's only loss last fall, unlicensed sports 
agents picked up the lab for a $6,000 shopping spree 
that’s threatening to tarnish the Semmoks’-fiist national 
football title, Sports Illustrated reported Wednesday. 

The magazine said that at least seven players took 
part, and that six also received cash payments in 
violation of NCAA rules. David Berst, the NCAA's 
director of enforcement, said he was aware of the 
report but would not comment now. 




Major League Standings 


For the Record 

ABan Bonier, who has scored more runs and played 

more tests than anyone else in the history erf the sport, 

announced his retirement from test 
cricket after a decade as Australia s mmm 

captain, then denounced -the Aus- 
tralian Cricket Board for press- 
ing him to make the decision. (AT) 

Gerhard Berger said that, after 
considerable introspection, he sUU 
loved Formula One racing, would 
coriue to drive for Ferrari and 
wotlkl compete m this 
Monaco Grand Prix. (Reuters) 

laah Thomas, who lifted the De- 
troit Pistons to suprenwcy in the 

NBA, then raw the club return 
hard times as his body gave ouL 

retired after 13 cw™ 

told the Detroit Free .Press Mihwusee 

Thomas wanted to retire now w 

pursue broadcasting tjg 

might "be filled if he watted. (Art 

Lithuania withdrew from the Eu- 

SsMf^SS 

400 to LOGO tablets contamntg an^ 


“People, we feel, are panicking a 
Jogfloni. FI- 



Jazz Stymie New, Improved Nuggets, 
But Pacers Spring Upset on Hawks 


The Associated Press 
Where are those Denver Nuggets 
the Utah Jazz beat four out offive 
times during the National Basket- 
ball Assertion's regular season? 

“They’re the same team, but con- 
fidence does wonders.” said Karl 
Malone, who scored 25 point* in 
Utah's 100-91 victory Tuesday 
night in Game 1 of the Western 
Conference semifinal series. 

The same can be said of the Indi- 
ana Pacers, who won their 12th 
straight game, and fourth in a row 
in the playoffs, by beating the 
Hawks in Atlanta in the opener of 
an Eastern Conference semifinal 
series. 


Seattle, and set a playoff record 
with 31 blocks in five games. 

“He’s going to block shots — 
he’s the best in the league at it,” 
said John Stockton, who got 17 
points and 1 1 assists for the Jazz. 


rebounds in 23 minutes, while Dale 
Davis, like Antonio Davis a power 
forward, grabbed 15 rebounds and 
scored 14 points for the Pacers. 

“I can’t say enough about both 
Davises,” Indiana’s coach. Larry 


little bit,” said Guido Tognoni. 
FA's spokesman. “We think some 
people have been misled, and this is 
damaging the whole image of the 
evem. 


The Cotton Bowl in Dallas has 
already had an 8-fool-high chain- 
link fence built, while a fence is to 
be built at Stanford Stadium in 
Palo Alto, California. A fence was 
planned for Soldier Field in Chica- 
go, but organizers convinced stadi- 
um officials it was not necessarv. 


“It's important for us not to panic Brown, said. “We bad to have some 


when he does. 

Denver trailed by 1 1 going into 
the fourth quarter, but Rodney 
Rogers drilled a 3-pointer and Bri- 


NBA PLAYOFFS 


play to cut Utah's lead to 73-68 
with 11:07 logo. 

The Jazz regained control with 
Malone, who offsei visiting Den- . Malone scoring six points in a 154 
ver’s shot-blocking Dikembe Mu- run. his 10-fool jumper giving Utah 


tombo with 


Datid Wurrj, • \frr*.r Fra 

Tke Pacers’ Dale Davis, center, and RikSrmtsWockmg Stacey Augmon’s shot. 


sharp shooting from 
the outside, also had 1 1 rebounds. 
Still, he was concerned that the 
Nuggets, who refused to buckle in 
the first game of the best-of-7 se- 
ries, could be even more of a threat 
in Thursday night’s second game. 

“They never gave up.“ Malone 
said. 

Mu tombo. a major factor in 
Denver's stunning first-round vic- 
tory over Seattle with his defensive 
play, had 20 points, 10 rebounds 
and four blocks. He had blocked 
eight shots in the game that ousted 


a 16-point lead with 5:41 to play. 

The Nuggets had trailed by nine 
at halftime, but an 1 1-0 run gave 
them a 55-53 lead three minutes 
into the second half. It was short- 
lived. 

On consecutive plays. Tyrone 
Corbin scored inside, then drew a 
foul by Mutombo on a layup to 
spark a 14-2 run. 

Pacers 96, Hawks 85: Reserve 
Antonio Davis scored 12 of bis 15 
points as Indiana took charge in 
the third quarter. 

He nude 7-of-9 shots and had »ix 


people come in off die bench and 
step up. These two kids have done 

it in every playoff game so far.” 

Game 2 of the best-of-7 series 
will be played Thursday night in 
Atlanta. 

The top-seeded Hawks, who ad- 
vanced to the second round for the 
first time since 1988 by beating 
Miami in five games, led by 5347 
at halftime. Bui the Pacers, with 
Antonio Davis hitting all six of his 
shots, outscored Atlanta, 32-19. in 
the next period and led by 79-72 
going into the fourth quarter. 

“I think we just got tired in the 
third quarter," Atlanta center Jon 
Koncak said. “But they were tough 
inside, especially the Davis guvs. 
They were 14-for-20 between them. 
That broke our backs “ 

Atlanta closed to 85-83 on a fol- 
low shot by Danny Manning with 
3:16 left, but Reggie Mdler, who 
led five Pacers in double figures 
with 18 points, made four free 
throws and a 3-pointer for a 94-85 
lead. 


Further, citing a need to deter 
terrorism, the U.S. organizing com- 
mittee is requiring reporters seek- 
ing credentials to sign waivers au- 
thorizing law-enforcement 
agencies to provide any informa- 
tion they may have about the re- 
porters. « 


Some large news organizations, 


large 

including The New Vork Times 
and The Associated Press, have 
said their reporters will not sign the 
committee’s forms authorizing the 
background checks. 


• Figures issued Wednesday- 
showed that Olympique Marseille 
ran up debts of 123 million francs 
(S22 million) in the 1992-93 season, 
bringing the total debt to 404 mil- 
lion francs even before briberv alle- 
gations caused the team further fi- 
nancial problems. 

Much of the debt is due to be 
paid back next month. 

The team’s owner, Bernard Ta- 
pie, said later that the club's books 
would be balanced for this season 
because, "Thanks to the sale of 
players. F ve been able to make up 
the losses.” (AFp H7> jV}T An 


SCOREBOARD 


L— Horrfe, 1-X 


AMERICAN LEAGUE 


W1L W— Novorre, M. 

HR— Boston, Cooper (9). 

Toronto M3 909 009-0 7 o 

BnMmore Mi S20 sop-4 « 2 

Gasmen.' WMDtn (6). Brow IB) and Bor- 
dero; Mover, ftwW (3). Poole (8), LeSmhti 
(Hand Hones. W--Ooi A sLl-aL— Guzman. 3- 


New York 

Balt (more 

Boston 

Toronto 

petrwt - 


Kansas CHv 

Cleveland 

WUnnesoto 


TOxos 

Seattle 

CaiHomto 

OaMond 




Atlanta 

ftowYor* 

Florida 

Montreal 

ptrfJadeWhlo 


Earn DtvWop 



4.Sv— LeJmlm OS1 .hr— B on. Cfttoken (21. 

w 

L 

pa. 

GB 

Seattle MO 09* 999-2 9 1 

21 

10 

.677 

— 

Chicago 099 304 32»-16 19 9 

20 

10 


to 

Saikrid, Cumndngs 141, Gasscse 171 and 

20 

12 

jOS 

ito 

DWltaa wniera 17); Sonderaaa Sctmorz C81 

17 

19 


5 

<M LovoflieraW— SonctersoaXl L— SolbeJd. 

13 

19 

MB 

7 

M. HRs— Seotiie, EMorttaez (IL Buhner (8). 

Central Dtobton 



CMcoga Cora (1), Thomas (11). Ventura (9). 

17 

14 

S*B 

— 

Mraenta on M9 992-7 11 i 

17 

34 

Jd 

— 

Kansas City 900 991 903-4 9 8 

IS 

15 

JM 

Ito 

Pul too. Trombley (9) and Perks; Gordoa 

14 

15 

.483 

2 

Mognonta IBS and Moctarfm. W— Pulido, V 

15 

19 

A55 

3 

1 l— G ordon, M HRs— Minrwaota, Puckett 

Mfest Division 



(4). Mart (2). 

33 

36 

M 

— 

CaWoroto 992 919 20-5 12 « 

13 

18 

J19 

1 

Tens 991 90* 99-5 7 1 

13 

30 

JM 

3 

n butas suspended) 

9 

23 

291 

5to 

Leflwieh. BPattarson (6). GrOM 16). uta 

TlONAL LEAGUE 


fern (7). Bulrter 17> and CTunwsnd Fn»re- 

Bast (Mvlsta 



gas (9); B Hurst Fajardo (3). Carpenter (7), 

W 

L 

Pet 

GB 

Honeycutt W. Henke (9) ans JOTTtz. 

2D 

11 

*45 

— 

HRs— CaUfando, Easley (4). DiSardna (21. 


oral O'Brien. W— Stanton. l-O. L— Carter. 0-1. 
HRs— Philadelphia R-lordan 131, Incovlollo 
«). Attento, O'Brien 12). Mordeaa ro. 
aactonaJi •» M2 Baft— 5 IS ] 

Son Dleoa MS M0 MP-0 5 i 

RihsMcEPev 10) and Dorseti; J-Marllrwz, 
Ge. Hants (5>. MOavIs (7). Hofhnon IP) and 
Ausmus. W— RUa. 2-Z L — XMartlncz. M. 
HRs— Cincinnati. Mitchell (9). Dorset) U>. 
Houston 0« » W M S I 

Lm Aneetet *w * « H u o 

(IB HNiiaas) 

SwMdtfl ToJones (7). Ha mpt on (9), Vftres 
run. Earn l >0>. Mitch WHtoms HO) am) Eu- 
seoto; RMortlnes. Gott (10) and Piazza 
w— Got), «-!, L — veres, o-i. HRs — Hoogron, 
Cam mill (5). Las Anpeies, Korm (4). 


Tuesday’s NBA Semifinals 


Indiana 

Atlanta 


77— to 

\y-is 


The Michael Jordan Watch 


S33 

SB 

SSI 

JBO 


artVP for Washington m 1992, 

■simafft two-year deal with andmoi' 

, la-ct SI .95 million, putstwran 
Hand worth ai ieas ‘ . v;*mv st lou» 

:He«K»back«ip ■ 

bacbp:for Benue^^K 

wascftt,jmd v^on a Super uow ^ ^ 

^j^daTsUneScor^ 

tiprifdr-coropetiw^ -j FA * sge n. ^ 

(AT, 


563 

545 

.537 

JDS 


2V* 

3 

3P> 

HW 


ceatrat Otrts»e« 
21 tl 
T6 W 
U 14 
17 IS 
9 21 

WettPtoWoa 

17 14 
» 17 
14 tfc 
10 22 


il# 

MS 

Ml 

J1J 


1 
I VS 
«« 


NewVoi*. 


tie im V 


** ""Drunk (» aid Pena; K^iminaL 
**r. Pf'JJL-te (?) and Stoniw- 


p.Gttsan 


hZwK. O’ N«ui 2 tat. 

<»**** Ml •« 

UOnltvero* 

j; sued** 
L— Von PoP- 


"ms aniicfcw 1 




. I,, Ain t an 
ptfches.in bis b^, 1 


sssftsskk 

SSSSS5-- 

Harfoa that li3V - 


m 

i« 


see boo-*.® 


ftumKM 

BestoP __ (TKLWvO Woo) 


FFnnvold £fiyon (« «« 


NATIONAL LEAGUE 
CMaradO n« 11# BOB— I U • 

Son Frandsce N# 10# 1W-2 4 9 

Harris, Raflln (91 and GironH; BartceM. 
Bwta (7). Jadaon (9) and Mamnrlna. 
W— Harris. J-L L-eurfcatt, Si. 5»-R«t«n 
(1). hr— C oioradw jonmao 14). 
pmtaws# m m i i 

Ftorido 0#* MS ISsh-1 » 1 

Tomlin, Mlcftl (3). iLMorannIBo (6>. Bal- 
lard (» and Porrlsh: Hammena, J-Henxav- 
del (?) and SonUosa W— Hammond. 3-3. 
L— TofflUn. M. Sv^-J-HernanOcz (9). 

Her, YorK B» 090 on WS 16 0 

MBMtreel m Hi IM o-2 l e 

09 loan**) 

Sobertwoea Linton l?) end StUmetl. Hund- 
lev (?) ; Henrv, Heradla Bl.WMleJand 19) and 
FNtctw. Saehr (9), Wetefer (10). W-Llnton, 
** l— wettettjnd, li HRs— New vort, Oreu- 
M k (4). Montreal A too 14).. 

’CMrnte M M 111 09-4 I 0 

«L Loots 329 IM 199 91-7 11 9 

til talon) 

WondelL Otto IS), Crim ro.Plesoctai.Boa- 
Hsla (9) and WIIUik; Wotson, HoHvan (7). 
p p ivt rtomw (7), WJmHt) (9). MmWW (91. 
Aracta til) ord Pevata. W-Aracho, 2-1 
L—BculWn. M. HRs— CtWotoo, Sondbera 
!41 St. Loots. &n a (9). Lank lord (91. 
nttoderptaMI 992 S99 M9 909-9 
AfVmta 089 919 997 099 901-f 
(15 talees} 

Bosk to, O-tone* I*). StaumB W, West 19). 
Mk.wiUiems flH» Carter (75) and Prati; 
Mercfccr, wonltn t«. Bedrojton t7>. NLhlti 
lB),Bietockl i9),RicwucHoel (W).Stonlon (l?) 


TUESDAYS GAME: Jordan wenl l-tor-4 
wltna wolk.a strikeout and tna pinouts lor o S. 
4 vldorv. Jordon staled to led in the Mrs! 
inning, pepped to first in the third, and walked 
In Hie fllttb He Mtoaed to center in tt» levenlti 
and struck out in the ninth- 
in the field, Jordan mode two putouts In 

rigtiL one orutmta catch otf a kta drive In 
ft* e tenth, and nearly turned o double clay. 

SEASON TO DATE: Jordon Is timing 253 
(25-99) wilt) lOStoien bases, second-besl In the 
Southern League. He has IS RBis. 9 walks, so 
EtrtkMUls and no home runa He has 7 rbis In 
the last 7 game* for It* Birm I ngno m Barons. 
OeterolwW.h* has 40 putoutt. l ossist and 3 
error s tor a .929 lieldta percenluse. 


Japanese Leagues 


Ctaro) League 


25 22 32 

n n ts 

I ad tana leads series 

Indiana: D.Davf&7-1104M.Mc>:<rY MMI 
Smtts 5-7S4-4 VAWet 5-14 r-e VS. Wary man 5 
11 2-2 ix Mllcnelr IS 1-2 3. Fiemins XH) 
AJSavts 7-9 1-3 IX Scott 3-42-79, Wlllloms l-'fr 
0 7. Totals 39-79 17-21 to. 

Alleflto: Wc*vtlno7-l77-B2).WIIItsS-i7i.i 17. 
Koncat 3-7ML Augnuns-i j 5.5 l7.BlovlocK 3 
15>4 ta Long 4-SAOAEhlo 1.77-24. wrratiev 0 4 
.Ml A Ferrell 1-2 90 XTolotS 33-BO 19-70 85 

S-Pobil 900 Is — Indiana M (Scan 1-1. wort 
man t-2.Mliier I-*). Atfonla 1-1 1 ( BMrloc*'. >-7, 
Ehto 0-1. WHIG 0-3). Rebodnds— Indiana S3 
(ODovis IS). At Ionia 4\ (Willis 1QI. Assist- 
tr— Indiana a tWorfcmanll.Allonto 2S (Blov 
lock 9). Total fouls— Indiano 25. Allanlo 22 
WoBTtwn tool— MileltolL 
Denver 25 19 is js— fi 

Utah 39 23 20 27—190 

Utah leads series 14 

Denver: E Ills 3-7 S-7 1 1. R.W llllams 3-9 *.? 10. 
Mutomba 7-U 4-10 to, AoauLRcui M2 *-4 it. 
Sllin 4-B l-?9, pack 4-9 t-J 9. BWIlliom-, 4-711 
9, Rogers 1-63-44. HammondsO-8 1-21 Me*M 
M5 0. Tolols 31-71 24-34 H. 

Utah; Corbin 4-8J3 10, Moioiw «-i9 7-1 1 3. 
Seencer MM lfi Stockton 5-13 7a )7, Horno- 
cek ATOM li Humphries 40 JM II Chambers 
(M 3-41 Benon 2-9 2-36, Howard 1-30-02 Totois 
3H0 32-41 100. 

3- Point 900IS— Denver S-10 ( Aodul-Rout 7-J 
R. Will tarns 2-5, Pooers 1-1). Utan 2s (Humph 
rlesM,Honxice» l-ZSteddonl-l,CorbinM. 



W 

L 

T 

Pet. 

GB 

Benoit 0-1). fUBlemfa Denver 50 (Ellis 12). 

Yotnlurl 

19 

9 

0 

JJO 

— 

Utah Si (Malone 10). Assists— Denver » 

Yokidt 

IS 

12 

0 

454 

VI 

(Abdul-Rouf 51, uron 23 1 5 IOC* Ion it). Total 

Chwdcni 

T3 

13 

0 

-500 

s 

huts— Denver J', Utah 33. Tedmfcafe— 5'llh. 

Hiroshima 

11 

35 

0 

.43 

7 

Utah coach sioaa Utah illegal defense 

HansWn 

n 

15 

0 

.423 

7 


Yokohama 

n 

IA 

0 

M3 

7to 



Wedneedavs RnoHi 
Ynkwlt S Yomliirl 1 
cnuniail vs. Hanshla poo, roln 
Hiroshima vs. Yokohama ppiL rom 


Pacific League 


Oaiel 

Stag 

Orta 


M 

M 


Lotte 
Km long 


W 

L 

T 

Pet. 

GB 

It 

10 

D 

JM 


17 

10 

0 

& 30 

to 

13 

» 

0 

JOB 

4 

Mn 12 

13 

1 

A* 

Ste 

10 

Id 

0 

3BS 

7 

9 

15 

1 

J75 

7 

writnialui'j Rguiits 



Sefcu vs. Ortog po*, rom 
Lotto vs. Kinfetsu. bpcL rota 


BASEBALL 
American League 

BALTIMORE— Put Jeifrer HommondS- 
outlleider. on 15-Oov disabled nsi, retrooctlvr 
MOV 4 

BOSTON— Put John valenha «ni wldcr.an 15^ 
dor ifis a wed 'Hi. rotraoclive tar 4 sent Ton, 
ftoo. pMOicr. hi PawrfuCfctf. IL Recoiled 
Cwto Howard. pHdwr. trom Powiucrel 

KANSAS CITY— Oonorwd Curls HoneV. 
Pttrtier.toOmahaAA. PkoIMP JctlOronacr. 
ol Ichor, from Atemphl}, SL. 

OAKLAND— Pul Sieve So*. Imieider.or. IS- 
dov d tabled list. Recoiled fpusio Crur. in- 
(IrMer. from Tocomo. PCL 

TEXAS— Boughi cnnrroci ol Bru-:e MurM. 


pitcher. Irom Oklohomo City, aa Pul Rick 
Reed, oiltDer. on wawerv Donald Harr is. out - 
lielder. cleared MHvers and >*ar, asstonM lo 
Oklahoma Cl tv. 

National League 

Cincinnati— P ul Tom Browning. Pitch- 
er. on 15-dar disabled list. 

FLOPIDA— Put Gary Sheffield, oulllelder. 
and Rvon Bowen, pitcher, on IS-dov dNsaWed 
list. Recalled Con Evoretl. oulflelder. and 
AAort Garaner.wltcner.fromEdatatoaPCL 

N.'i METS— Put Tim Bogar. shsrtsioa on 15- 
oar dMooiedUsi, retroactive laMar 6. Recalled 
Rio Porker, outfielder. Irom Norfolk. IL 

PITTSBURGH— Sent Kevin Vaung, 1st 
baseman, to BvjMalo. AA. Bough) canlrocl o) 
Gary Varshcvoutf lelder, from Buffalo. Desig- 
nated William Penn.nrainer. auilleMer. tor 
reosstpnmenl. 

FOOTBALL 

NaWmal Football League 

CHICAGO— Signed Dame Jones, middle 

llneooc*er. \o 2-vcor canlrocl. 

CLEVELAND— Signed Mtork sveien and 
Roeen Cobb, nuoneruocls; Gan ElchtoH. 
kicker; Jorm Derby. PJ. Kldlon ond Joe 
Mont lord. Ilnroxkers: Marcus Lee. runnino 
Dock: Carlson LeomIH. oftonsive lineman. 
Pick Lvto ond Tim Mi defensive linemen: 
Eudean Tone* and Greg Tremble, safeties; 

John We r del I, Punier. Named UOVd Ghran 

ossisioni trainer. 

GREEN BAY— Signed Bill Sch roeder. wide 
receiver. 

LA PAMS— Signed Greg McMurlrv. wide 
receiver 

N \ GIANTS — Have rescinded their con- 
tract oner to Kanovls McGhee, linebacker, 
mol' tag him an unrestricted tree agent. 

HOCKEY 

Naltonoi Hockey League 

HAP TFOBD— Signed Monnv Leaaoo,«gal- 
ie. 10 mulfiveor controei. Stoned Alexander 
Gaa/nvuh. defense man 

COLLEGE 

BOSTON COLL.— Rd oined Mark Leach, as- 
■Jsiam rocket ewen aftdatrecftx cri reautlta, 
and Jim Loaue assisianl hockey couch. 

briar cliff— N amed LlsJaratean wom- 
en v volleyball Coach. 
centenary— N amed Pol Zlpfel director 

of olhlelics. Oree Marsalis, golf coacn. retired. 

CHICAGO ST.— Named Crolo Hodges 
men s txrsleiboM coacn. 

CONCORDIA. CALIF. — Named Dovkf 
vs oiler women’s boskatboll cooch. 

CORNELL— Named Sue Ann Meolev wom- 
en's volierball uwdL 

DARTMOUTH— Named Jell Cook men's 
assistant soccer cooch ond Jen Clock wom- 
en's assistant soccer coats*. 

FRANK.L IN & MARSHALL— Named Potrl- 
cio Epps ossj«e«i alhleNc director. 

GEORGIA SOUTHERN — Named Brad Sim- 
mons men's and women's cras-counirv cooch 


GOSHEN— Named Todd Bacon men's bos- 
kgtboll coach. 

HARD IN -SIMMONS— MOTvIn SlrtltoW- 
low. Dose bo'l coach, resigned. 

HOF ST RA — Homed Tom Pewra and Joe 
Jones men’s assistant baskettmii coaches. 

ILLINOIS— Fired Yulendo WJmblsh, wonv 
«n*s asstotont boahetooll coach. 

IOWA ST.— Named Tim Floyd men's bas- 
ketball coach. 

MASSACHUSETTS— Homed Meson Don- 
nelly fieto hockey coach 

METRO ST.— Named Charles Bradley 
men's basketball cooch. 

NEVADA— Will drop men's track end cross 
country teams, and will add men's and wom- 
en's ski and rllie teams, oegtaning wiln the 
1994-9S season. 

PEPPEROINE— Named Tony Fuller 
men's boskelball cooch and Marly Wilson as- 
sistant basketball cooch. 

PURDUE— Glenn Robinson, tor word, will 
forego senior vear and enter NBA droll. 

Oil INNI PI AC— Named Rand PecknoW 
men's ice hockey coach. 

ST. FRANCIS. PA.— Jim Chrisfton. men's 
assistant basketball cooch, has resigned to 
lake similar position at Western Kentucky. 

YALE— Named Todd Rice wrengtn ond 
canflUonlng coach. 


t nw 


Tuesday’s NHL Playoffs 


Toronto 1 1 0—7 

Son Jose 3 7 ft— J 

First period— I. Son Jose, Mokcrrov 7. 1:17.2. 
Toronto. Mironov J (Eiletf. GilmowD. 7:0/ 
(op). X Son Jose, Errey 3 (Larionov, Mo- 
karov). 13.01 (PP). 4. Son Jose. Makarov 9 
(Larionov). 15:91 PenalHes-Errev. Sj 
(slashing). 5:33; Andrevchuk. Tor (rough- 
ing), 12:01; McRoe. Tor (goalie Inter! erenee). 
16.30; Mocoun. Tor (erosvcheektal 17:33: 
Whttiwv. SJ (roughing), 19:2a. 


Second oertod— 5. Sot Jon. Garwntov 4 
(Makarov. Larionov), 2:31 a Toronto. 
Gartner 4 tCtork. Gitmour), 4:54 7, San Jose, 
Ellk 4 (Kroupa). 14:21. Penalties— Mart, Sj 
(tioldina). 10:21. 


Third nertod— Wane. Penome^-PBorson. 
Tor (goolie interference), 7:05: More, SJ 
(aoss-diecklngi. 7:05; Leftbvre, Tor (trip- 
plngi. 11:19.' Gitmour, Tor leibowta). 12:27; 
Pearson, Tor, double minor (cross-checking, 
uns p ortsmanlike conduct 1 . 15:51; Berg. Tor 
(hlgh- 5 ! taking), 16:09; Krauoa. SJ (boara- 
H»). >diU: ElftaSJ (roughing 1.14:06; Rouse. 
Tar tetbowtog). 18:32. 


Tour of Spain 


Results train Wednesday s inn staoe. 1504 
Utametere (9X2 miles) between Congas de 
Onis la Ado del Neraaca: 1 . Bart Voskomo. 
Netherlands. TVM. 3 hours. 52 minutes. 2 sec- 
onds; Z Tony Rominger. Switzerland. Mope I - 
Oas. 23 seconds behma: X Pedro Defegda 
Spain, Sonesto, 3fc seconds behind; 4, rAlkel 
ZorroMltia Spain, Banesto same lime: & 
Luc LeSlanc, France. Lotus Festlna 38 sec- 
onds behind; 6. Laurent Jokbcri. France, 
ONCE.43 seconds behind; 7. Alev Zulfe. Swit- 
zerland. ONCE. SJ.i & Jan Unzoga, Spain. 
Moaei-Cta sj.; 9, Comoche Garcia, Spain. 
KetaM.SJ.; 1 A Fernando Escort la Spain, Mo- 
peLCtos, vt. 

Overall Standings: 1. Rominoer, CtoL 
79:47:49; 2, ZarrabettKi.5: 15 BMUMiXDetea- 
do. 7:08 behind: A Zulto, 7.50 behind; 5. OIL 
verlo RkMoa Colombia OmCE.B:«5 behind; 
6, LeBtonc 10:92 behind; 7. Vicente Aaoricla 
Spain, Banesto. 11:09 behind; X Luis Pam. 
Spain, CastoiiDtoncfi. U:4] behind,- 9, Escar- 
lln. 13:30 behind: 10. Paota Lanfconehl, Itolv, 
Saeco-Mercotone, 14:05 behind. 


Shotoongoal— Toronto 9-T2-9— 29. San Jose 
13W-27; Power H»tay ODPertanKieb— Tor- 
onto 1 of 3; San Jose 1 of 8; geaties— Toronto, 
PorviaW (77 shots-22 saves). Son Jose. Irbe, 
T-5 (25.2J). 


■ 1-2 


Paitei 1 

Vancouver 3 1 v-4 

First period— T. Vancouver, LdtavoHe 1 (Go- 
linos. Hetfiean), 7:04.% VoAcouver, Burofl (Lln- 
doa Adorn), 9:39 1W>). 3. Dallas. Modono 7 
(CowaNlnL RCdurtnall). 17:41 dm). Penalties 
—Dlduck. Van rholifinB). 3:32; Cavolllni. Oat 
(oibowtao 1,0:09; MottmaDoi (goalie interKr. 
ence). 92*; Diduek. van (hook Ins), 10:07, 
Second period -4, Vancouver, Craven 2 
(GXourmoll), 5:10. PenalHes-Churta. Dal 
(Cross-Checking). 7:54: Hunter, von leross- 
checking),7:54; Hotcner, Dai (hooking). T7; HI 




INTERNATIONAL FRIENDLY 
Bolivk) 1, Cameroon 1 


Thira period— & Vancouver, Bure 9 (Ad- 
ams, McLean). 10 : 34. 0, Dallas. Gagner 5 (Co- 
vallin), R.Cowrtnoii). 10:09 ipp). Penofiies- 
—Lurrwne, Van (rouanloal. 4:4d; EvonaDal 
(Interlerence}.6:a2; Bure, Van (goalie Inter- 
forencB),7:52; Babych, Van (bowing). 17:J0; 
Hmover.Dal traughbia). Lwnme, van 
(slashing), 19:09; Dallas bench, served by 
kioii (Ur lav ot oame). i«:« 

Shots oo goed— Dallas 12-19-9-30. Voncou- 
ver 1 1-13-9—33; pewer-plav opportuames* 
—Dallas 2 ot S; Vancouver 1 at S; oowtes- 
— Dallas. Moag. l 3 (33 shots-to wives. 
Vancouver, McLean, 3-4 t3£-:2,. 




J 3 




r,” 


a r- 


x>r 


the 


a-al 


of 


my 
lew 
ted i 

/ 

ice-! 


can ; 

9928 

\ 

3379 

eed 


ors 

— 

ion 

tiie 


x>r- 

act 


ill? 

larp 

LE 

it in 

usly 


(a* 


>pe 

mm 

asia 


A 


id 

xvn 


• = 


> m 
moi 
tips 


rd. 

ree 

es. 




IN 

% 

nw 

X) 






f* . 

*' tir J i 


aa 


..si 


£»■: 

m \ 

r*i» 



1:$:: 


.!•’: iS^f '• 

iK 14’. { i 

ffi: fei: 


p;b 

m- 

I’iiJiJ: 

i#-ju 

skijiiSr 

g- ; 

4iAi|8 

rS-b 

I 

mt 

*»** ''^A 

Sj$:» 

"S-* ? ' :cB 

& 



v‘ ip£ D 

JfcUs 

ftfe’s 

&. :2:t S; 
s': 5 

%*. k. 

I?;* .j>» Ki 
af-I >»;! k 

«i HJ’.I fc; 

W®! P 

, Ij'.i Li 

i? 1- . ;i'4 ! M 

f£> !5 -: K 
ft. ftj ft 

et/g 

|"PiS 

if. fa.SS ^ 
!»!■’ • S y. 

Jjf; ii ■ 5 Vi 
fi 1 ! shj.'jtVi' 

it 

■v ;s .itgr 


f* 


Page 22 


art buchwald 


Left Off the Beauty List 



W ASHINGTON — Every 
magazine is printing lists of 
the bestthings in the world. There 
are “Best Colleges," "Best Hospi- 
tals.” “Best Doctors.” * ! Best 
Towns,” and even “Best State 
Troopers Working for a Gover- 
nor.” 

People magazine has recently 
published their list of “The 50 Most 
Beautiful People 
in the Worid." 

I know that 
many or you 
were surprised 
that I didn't 
make the issue, 
ll was one of 
those sad omis- 
sions caused by 
human error. 

It turned out n . u ^ faHAA 
that f had made BuchwaM 

the list, and the magazine sent out 
one of their photographers to take 
my picture. Instead of going to my 
house, he went to John F. Kennedy 
Jr.’s house next door. When I came 
home from work I found the People 
van parked in his driveway. 

1 asked what was going on and 
they told me that JFK Jr. was pos- 
ing as one of the 30 most beautiful 
persons on the face of the Earth. 

This surprised me because, al- 
though John’s a cute guy, he didn't 
deserve to be up there with AJ Gore 
Jr. and Henry Cisneros, secretary 
of Housing and Urban Develop- 
ment 


French TV Network 
Fined for Too Many Ads 

The Associated Press 

PARIS — France’s leading tele- 
vision network has been fined 2.8 
million francs, or about $ 490 , 000 , 
for airing too much advertising. 
Audiovisual authorities fined pri- 
vatelv-owned TF-J at the rate of 
16.0(50 francs per surplus second 
for exceeding the limit of 12 com- 
mercial minutes an hour on two 
occasions. 

French television normally 
shows long chunks of advertising 
between programs, rather than in- 
tercutting shows with ads. TF-I is 
the top-rated or France's six main 
broadcast channels, featuring the 
country's most-watched prime time 
news and a mix of films, variety 
shows and documentaries. 


I went over to Kennedy's plat* 
and informed the photographer 
that he was wasting his film be- 
cause my physique and face were 
distinctly superior to those of Ken- 
nedy. I was rebuffed. “We've got a 
deadline and when we touch up the 
photos John will look almost as 
good as you." 

I was incensed and called the 
people at People magazine. I left a 
message on their voice mail and 
four hours later an editor called me 
back. 

“There’s been a terrible mis- 
take." I said. "1 happen to be one of 
the 50 most beautiful people in the 
world and you photographed my 
neighbor, John Kennedy Jr„ by 
mistake." 

The editor went through his files. 
“You’re right," he told me. "Now 
that f recall the balloting, you actu- 
ally had two more votes than he 
did. Unfortunately, we're getting 
ready to go to press and we won't 
be able to include you in our issue." 

□ 

“But whai are people going to 
say when they see Kennedy instead 
of me?" 

“1 imagine there will be puzzle- 
meat aod chagrin, but young John 
has his own following so not every- 
one will be disappointed." 

“Why can’t vou dump Tom 
Cruise? After all." he's just another 
pretty face." 

“We can't drop anybody at this 
[ate date. Perhaps we can make it 
up to you in our back pages with a 
photo of you as a guest at a Bruce 
Springsteen concert." 

It was obvious that the magazine 
was not going to remake its special 
edition despite the blatant error, f 
thought about suing and letting a 
jury decide who bad the best biceps 
in the worid — Kennedy or me. 
Instead. I pretended that my omis- 
sion from the list was no big deal. 

I made up some excuses like. “1 
didn't think much or the Him they 
were using," or “When I heard that 
Paul Newman was going to be in 
the same issue, I said. ’Forget it.' " 

1 don’t wish to give the impres- 
sion that I am bitter about this. 
Sports Illustrated is talking to my 
agent about my appearing on the 
cover of their “Best Suntan" issue. I 
will appear solo with oil all over my 
body. It will make John Kennedy 
Jr. sorry that he didn't wait for a 
really good photo opportunity. 



By Mike Zwerin 

huemantmai Herald Tribune 

P ARIS — Sally KeDerman has spent the best pari of 
her 27-year acting career trying to make enough 
money to pay the piano player. And the Shrink, This is 
Hollywood. " 

Her bio overflows with major credits, you won t believe 
the names to be dropped herein. Well not dropped exactly, 
let's say presented. The names are all organically part of 
her life and she mumbles them quickly, as though embar- 
rassed by the weight of the Jong siring. 

She wffl soon leave Paris after two months on location 
playing the part of the editor of Harper's Bazaar in Robert 
Altman’s film “Pret-a-Porter." Her role as the nurse Hoilips 
in his first smash. “M*A*S*H." earned her an Oscar 
nomination. Over the years, she costarred with James Cairn. 
Sissy Spacek, Alan Aririn, Jodie Foster, Keith Carradine, 
Kevin Kline. Julie Andrews, Tony Curtis. Jack Lemmon. 
Sir Laurence Olivier and soon on screens and stages big and 
small. Citing her commerdais for Volvo, Wooiite. Clairol 
and a long etcetera. The Wall Street Journal called Keller- 
man the “most sought after voice-over actress in the coun- 
try." Someone proclaimed her the “Voice of America." 

Judging from her jitterbug-paced rap and the story it 
tells, the voice is frustrated. She grew up in the San 
Fernando Valley — “the first Valley Girl," she calls 
herself — and made the first of many demo recordings, 
with her girlfriend's boyfriend. (She copied Mel Tonne's 
phrasing on “A Nightingale Sang in Berkeley Square.") At 
the age or 1 S . while vacationing on Balboa Island with her 
parents and teenage friend Jack Nicholson, she received a 
phone call from Barney Kessel. producing for Verve 
Records at the time. He said Norman Graxtz had heard the 
demo and wanted to sign her to a contract. 

It was signed but the Verve people never called her and 
she was afraid to call them, didn't know who to call 
anyway or what to say. She never recorded for or even met 
them. “I was neurotic and shy. a retard." she explains with 
a sigh. The contract expired. A little later she dated 
Nicholson's roommate, whose cousin drove a Los Angeles 
taxi and played some guitar. They made demos in Nichol- 
son’s house bn Fountain and Gardner. She went to acting 
school and studied with vocal coaches. Her first break 
came landing the role of Mary Tyler Moore's standby in 
David Merrick’s Broadway production of “Breakfast at 
Tiffany's." She calls the show a “huge disastrous Hop." 

Waiting on tables in Chez Paulette’s on Sunset Boule- 
vard, serving Marlon Brando. Nicholson and “all my 
buds." was the only job she ever liked other than acting 
and singing. Then came “M*A*S*H" and the Oscar 
nomination. Her role in “Brewster McCloud" solidified 
her working relationship with Altman, who told her she 
reminded him of Joe Cocker, his robotic presentation not 
his singing. She can laugh about it now; 

“Instead of waiting to at least wm an Oscar or taking a 
few of all the parts I was being offered, right in the middle 
of the movie career I'd been working on for 13 years w hich 
was finally going somewhere, now that I'd 'perfected' my 
acting I decided f was going to be a smgv.. fhi.\ is hov. 
messed-up my brain was." 

Nobody told her that the recording engineer can equalize 
the balance later so, making a demo with Carole King's 
rhythm section, she tried to sing louder than the band. 
Nevertheless she signed a contract with Decca Records. Her 
album “Roll With the Feriing" did not exactly take off. 
Turning down a slew of roles, she spent $50,000 of her 


gap 

EifiiPllh 

KeUerrnan the music maker: Her bio overflows with major acting credits, but she wants to be a sinper. 


ChriotaRoK 


movie money taking an 1 1-piece band on the road io prove 
her musical credentials. She wore diamond belts on stage 
and designer gowns with feathers, and paid for expensive 
choreography and elaborate arrangements. She shakes her 
head, one in a long series of head shakes: “And 1 couldn i 
even sing." 

h’s difficult for acton* to become musicians, the other 
direction is at lea*t less confusing. Anybody can sing in the 
shower so 3 W of people believe singing i 5 - for everybody 
Acting requires a method and makeup on several levels: 
it's scary. Actors tend to think of the visual first — - 
choreograph, play a role, project. While the uniqueness of 
music, even good commercial music made by the likes of 
Streisand and Bono, is that it's from the heart. Audiences 
can tell the difference. Dudley M* ore. for example. was an 
excellent pianisL When he wanted to pwy music again 
after becoming a movie star, he -eemed w be play mg a 
piano player instead of the pun*-. 

It took KeUerrnan a lifetime ot role-playing to learn not 
to play roles singing music. She sang some songs by Burt 
Bachurach in the film "Lost H- -ri/on.' “another huge colos- 
sal disaster." W hcu it come- to singing op stage or for the 
camera, she say a she'-, j "tinv." S*vn she will audition for 
the role of Gloria Swanson in the musical stage production 
of “Sunset Boulevard" and she hopes “the producers don't 
read this." Never mind, jinxes can be jinxed. 

Her continuing love affair with music is a “miracle. For 
some reason, nobody could keep me from singing." She was 
“in and out of town, in and out of music, in and out of 
movies. Titanic God 1 had my ‘hobby’ of acting." There were 
lean times, she had to borrow money from her mother. But 
one nice thing ab*»>t the movie business is that "broke" is 
not really poor. Down and out in Beverly Hills is an 


oxymoron. When I interviewed Kelknnan in the cushy 
lobby of the luxurious residential hold cm the Champs- 
Elysfes where she. her 4-year old twins and her husband 
Jonathan Krane have been staying, she caDed it homespun. 

She mad* a demo in Nashville but she “wasn't about to 
get on a flatbed truck and drive oat into the country with a 
slide-guitar player." Bobby Womack produced a demo for 
her. it went nowhere. She recorded a “biscuits and gravy" 
demo in Muscle Shoals. Alabama. (They played basket- 
ball between takes.) It went nowhere. Paul Rotbchildwho 
produced Jams Joplin wanted to produce KeDerman. The 
idea went nowhere. 

A year ago, two friends who worked in the theater told 
her to forget about theatricality and concentrate on music: 
“Take off that dress, put on your big sweatshirt, take off 
those high-heels, put your dirty Rceboks on. Mess up that 
hair. Be your rcai seif." She had never considered her 
“real" musical self to be worth presenting. It had. to be a 
show, music alone somehow made her feel exposed. She 
followed their advice. 

On her current demo, she rings “Cry Me a River,” 
“Midnight Sun" and other 1940s and 1950s numbas with 
which she feds comfortable. It sounds comfortable. Good 
songs well sung. But will it be another “huge colossal 
disaster?" 

Vice President A! Gore invited her to ring for his 
favorite charily. She has been asked to sing for a charity 
affair Henry Mantini is hosting in his home. Her perfor- 
mance in the Rose Tattoo, a small dub in LA. was 
reviewed: “Every note of every phrase was filled with 
affectionate magic," Johnny Mandd and Dave Grurin 
have asked her to send them demos. 


F*¥-' 




iotcrstatesCT viyv^ 

ancsted hinL wT 
'Charge-after^^* 

Thbfil-jcaFdffi 
Jafcea-ifrdtf&c 


she was dnw» ton L 

her^ewadimaeiL.. 
mart. Babiwris 


tressDrewj 

for ■' drearer j£/ difle ‘i 
Ptair Ahiit_3i 
qaitswi&fe *£*-"' 

The tfcn^ dBteL 
Tldq% JSh 

the ’60s. 


•Juwi 

but wanted 
peopte$efag'?d 
pohtkaBy ■cooect "U- - • 





WEATHER 


CROSSWORD 


Europe 


Today Tomonow 

High Low W MgTi Low W 

OF OF OF Ur 

MM61 12/53 Sti 18*4 12(53 e 

21.70 13(55 pc <9*6 12(53 pc 

IMI 5/41 pc 21/70 8.4« pc 
ZJ/75 14*7 a 28.79 17®? a 
21/70 14/57 «H 22/»1 16*1 C 
21.70 13/55 pc 24/75 I3«6 pc 

2 ) CO IO/SO e 19*6 3/48 pc 
19-W I2>53 > h 21/70 11*2 pO 
18*4 11*2 ah 22/71 12*3 ah 


Forecast for Friday through Sunday, as provided by Accu-Weather. 


Asia 


4J0WWI 

AmftpKhm 

Ankara 


Sw a*ma 

Bataria 

fferin 

Bnmoto 

Bud®M9> 


21/70 7/44 pc 16*1 8/46 

Coats Dm Sal l*/W 16.61 pe 22/71 15*0 c 


17/82 s/48 Sh 18*4 B/46 * 

18*4 |l *2 pc 18*1 9/48 pc 

SI/TO 12/53 pc J 4 . 7 S lfl*r (ml 
23.73 13/55 I 18*4 10/50 !h 
18*6 12/53 «h 19*6 11*2 I 
18*1 3/37 ■ 11*2 4/39 « 

18*4 11*2 pc 22/71 1 J*S pc 
21/73 16*1 * 22/71 ITIB2 s 
18*1 IJ/SS sh 18*4 12*1 c 
18*4 (WSJ e 19*8 l (*2 ah 
17*2 11/52 sh 21/70 8/46 c 

21/70 13*5 sh 24/75 15.69 pc 
19*6 8/46 s 18*4 8(46 c 

17*2 10.50 sh 20*8 10*0 sh 
19*6 12*3 sh 22/71 15159 pc 
22/71 9*48 pc 17 *? 6140 s 

21/70 15*8 sh 21/70 17*2 c 
19*6 12/53 sh 20*8 12*3 I 
16*1 9(48 sh 19*8 8/46 pc 

9/48 7/44 sh 12.-53 4/39 c 

23(73 I 3 *£ s 74/75 16*1 s 
£*. Pawstug 16*1 2.35 pc 12*3 2 .W pc 

Stockholm < 9*6 6143 ■ 13*5 *09 c 

StantaSB 19*6 12/53 sh 23/73 11*2 sh 

TaAnn 16*1 4/09 « 1 I/S 2 4 09 o 

Vnfc* 21 CT 14/57 pc 23.73 16.81 pc 

VHni 17*2 IMS! * 20*8 12*3 sh 

Wtaaw 1 8.»4 10*0 C 18*4 8/46 pc 

Zurich 18*64 12*3 sh 22/71 11*2 I 

Oceania 


DiMn 
EMu^i 
rb renop 
Fmrthst 
Oenpvn 
HefcWu 
Uwtai 
lJ*i Palmas 
Usbwi 
Lonkn 

titan 

Itaaeow 

Munch 

(tea 

Oslo 

Ptdno 

P«* 

Pmfius 



Today 
Htflh Lon 
OF OF 


Tomorrow 
Wyh Low W 
OF OF 


72*5 36/77 l 33/31 25:77 pc 
28(88 20.®8 i 31. TO >6*1 pc 
28*8 24/75 sh .’.9/B4 W/7» pc 
33*1 24.75 Sh (CTO 23/73 Sh 
42/107 25/77 , 40/104 26/73 s 

26179 12,5.3 , 2S.-77 IJ*J I 

27-WJ 18*1 s S7TO 19/6o 1 
37.81 22/71 pc 32 « 23-71 pc 
3 Sim 18*54 s 31*8 2:/71 pc 
21/70 11-52 sh .X’.-yt I2-S5 pc 


Jeuinwm 

North America 

A floe a cool day Friday, 
milder weather will over- 
spread the /oglon from 
Phliaootphia io Now York 
City Itire weekend. Ailarta to 
NodoOi will have dry, warm 
wi iiliici ihb weelrfnd. Slow- 
moving thunderstorms will 
soak fho southern plains. 
Chicago io Del rah win bo dry 
and warmer 


Europe 

London and Paris win be 
m«d Luo 3irs meek wtih a lew 
scotiored showo/s Cooler 
wojlher and scattered rams 
will drill southward into 
Scandinavia INs weekend. 
Berlin Io Warsaw wiD remain 
dry and very warm through 
Sunday. Borne to Athens i trill 
have dry. warm wviihec Fri- 
day nto Sunday, 


rtwvy 

Smjw 


Asia 

Bering through Shanghai will 
have dry. wary worm weather 
Friday into the weekend 
Sunny, warm waalher Irom 
Nagasaki to Tokyo Friday 
wrli give way io rainy, coo) 
weather toy Sunday. The 
Philippines will have locally 
heavy reins (e/er this week 
Hong Kong will bo warm wWi 
alow s colic rod showers 


Middle East 


Latin America 


Auaiand 

Swkwy 


16*1 9/48 pc 17*5 6/48 pc 

19*6 11/53 pc 21/70 13.^1 pc 


Tods? Tomorrow Today 

HHjhLowWHI^lLowW High Low W High Low W 

OF UF UF OF C/FCIFOFCJF 

Bs»i4 84/75 16881 s 25/77 18*4 pc BucnosAlm 32 <71 11/52 s 22/71 (3:55 pc 

Cmu 26*2 11/52 s 29/M 17/62 s Caracas 31/88 26.79 pc 33*9 28/73 pc 

ttinracus 24/75 8/46 t 24/75 13/55 s Unu 21/70 17*2 * 21/70 17*3 pc 

AMUmfcm 22/71 11*2 a 22/73 14*7 s Mrflto dry 34.75 12*3 pc 26.79 12*J r 

U»CT 40/104 low s 36/r«Jf7fl? s ntodoiawta? 29*4 20*8 c 31*8 21/70 pc 

Rpr«*< 37/98 2271 s 39/ 18023/79 s Sontagci 34.75 9.48 s ?4/7f- 12/SJ pc 

Legorui; s-sunny, pc -potty ctojdy. c-cKruoy. sh-showers, MhunderslO'ins. r-nun. sl-snow nun as. 
srvanow. Wee. W-Waaficr. AM map*, forecasts and does provfdnf by tacu-Weatfier. hc-O 1994 


Africa 

AKIers 

23^3 

16*1 

s 

24 rri 

18.64 

(K 

Cjc» Town 

2U70 

11*2 

s 

23.77 

14.57 


Camttancn 

19.-56 

13*5 


XV) 

12*3 pc 

Kan#a 

22/71 

11*2 


24,75 

11*2 


Lhqos 

30/BB 

26/79 

Kh 

31.-86 

26.-79 

X 

ItorcH 

21/75 

11(52 


77.-71 

13. *S 

1 

Tirr. 

27 TO 

17*2 

l * 

31.86 

70 66 

r« 

North America 

AiKl^age 

12-53 

3.3? 

c 

13*5 

2.35 

p*. 

Afcma 

28.82 

<6 61 


77, TO 

16*1 


Boynn 

16*4 

0-u; 

Si* 

10.64 

6/46 


dKago 

18/64 

5/41 

* 

19.86 

0 46 


Denver 

. 24/75 

n*.:' 

3/1 

22/71 

e.-o sh 

DOTrod 

10/64 

4,T) 



7(44 

* 


28*2 

21/71] 


29-04 

22/71 


Houston 

23*4 

19*6 

c 

WTO 

21/70 

c 

LmAraetoa 

24/75 

15*9 

4 

78/82 

16*1 


Mnart 

30TO 

23 '/g 

0 

X'TO 

24,75 


Wtarwap ofc. 

20/66 

9/44 

b 

20/56 

9/48 


UMml 

15/59 

7r4a 

Vi 

(J/B 

6/43 



ACROSS 

1 Galhgr 
« Radar gun 
reading: Adbr. 

BBend 

<4Cof(0Ctors 

items 

is France’s 

d’Veu 

16 Throng 

17 Lewis’s Gantry 
is -The Beggar’s 

Opera" author 

IB Yeats's 

Theatre 


20 Singing sister of 
old Hollywood 

23 Amencan sfcirng 
medalist at 
Lil/ehammer 

27 Cry of disgust 
TO Twerp 
31 Gross-weight 
deduction 
3= "A miss is as 

good as ” 

34 Toddler 
as Where 2eno 
laught 

38 Filmdom’s Sam 
Spade 


Solution to Puzzle «vf Mav 1 ] 


0 

q 

□0 

a 

EjiSjsiEJ 

n 

ms 

a 

OB, 

m 

0 

DIB 

a 

moms 

a 

00 

a 

0 

a 1 

0 

D 

sa 

H 


a 

na 

n 

0 

a. 

m 

B 

na 

a 

□BOB 

a 

an 

n 

□ 

Hi 


IftttMU 

NcwYoiti 

Hwo 

SmFtafl 

S/NWta 

TmvCq 


29/84 22/71 pc 30, TO 23/73 pc 

21/70 10*0 I 18*4 9/48 i 

I! TO 22/71 pc X./9S 21/70 a 

sum 11*3 a 21/70 12/53 9 

14/57 7/44 c 18*4 9.48 sh 

17*2 8 *4 3 pc ij/m 4/39 pc 

er.75 10*0 pc 21.7D IO/SO s 


m$^sEia0!&aaEKr 


a 

QaHnan 'qhsubi □□ 
□caaainaaaaaaGiacaa 
s-:- .Euama* □□□□□□ 

qq; saa aaaa 

,:v>niQn- - iaaaEi.;:- 

0ID OEJQEia anJEJQ □ □□ 

QtKaaacia □□□aacia 
□□□□□□□ QLjuaaua 
u caouaaa 




38What’s-his- 

name 

40 Annealing oven 

4 1 High school 
problem 

48 In abeyance 

4« Over, in Essen 
47 et 

quarante 
(betting game) 

49 Posthumous 
dueitistotlSSi 

so The Big Chin* 
actress 

S3 'Cheers* star 
57 Shortcoming 
«o Telephone 
button 

8i Actor Reeves 

62 Spy 

63 'Gimme !' 

[end of a Yale 
cheer) 

M Patti LuPone 
role 

« Kind of bag 
6* Writer Deighton 
67 Attack 


DOWN 

i Maintain 
a Venus's home 


3 Weaponry 
• 4 Expensive 
■ Thinker 

• worker 

7 Magazine since 
1953 

• -Lol* 

modem -style 
•Music of the 
Benedictine 
monks 
10 Noted 
televangelist 
iiSun.e.g. 

12 Hafiz work 

13 Pivotal 

2 1 Ales, to Helmut 

22 Sideways 

24 Sups at home 
as Beethoven's 
Third 

28 Reception 
china 

27 Trite ideas 
20 Microscopy 
subject 

29 More costly 
S3 CNN 

personality 

S7 Mongol 
M Commcal 
concoctions 


42 Stemware 

43 Voyager U 
subject 

44 Animate 


4* — — kwondo'-* 
(Korean kara^; 

52 Student afarOMi, 
84Cal6BU— rr-vv 


fce-=r- 


1 — 

r~ 

s 



a~ 





rr 





sr 








.© 


^;'v s: ' 

: Times Edited by MB.SW 1 


Travel in a world without borders, time zones 

or language barriers. 


ABET Access Numbers. 

How’ local! around trie world. 

i 'Nnji die dun hdow, Ittk] thu* country you an.- calling from. 
lTr.il the u'linAfi -rvjln^ .(OSS' Access Number. 

An AfST Fugli>h-s|xsiking Operator or voice prompt will ask for the phone number you wish to call or o**®^ 811 
1 1 i\iriirk;r M.-rvice rejircscntstrive. 

Torvcehe your free wallet card of ABffls Access Numbas, just dial the axsss number ok : 
ihc country youTe in and adc for Customer Service. 

COUNTRY ACCESS NU MBER COUNTRY ACCESS NUMBER 


lAW 


8^b,qo9:;t^a 

r " 



Imagine a worid where you can call countiy to country as easily as you can from home. Anti 
reach che UA directly from over 1 ^ countries. Converse with someone who doesn't speak vour 
language, since it s translated instantly. Call your clients at 3 am. knowing tiieyll get the message in 
your voice ai a more polite hour. .All this is now possible with AR£F 

, To use t,lese serv ' ices - dial * e ■-' IKr Access Number of the country You're in and n mil wet all the 

P V0U need - ^ Atcess Numbers and your .®r &.llin S Card, international calling has never heen easier 

If you don't have an .TOETCalling Cand or you'd like more information on ABET global services, fust call us using the 
convenient Access Numbers on your right 


AT&T 



ASIA 

Italy* 

172-1011 

AuKtraiia 

1-8O0-881-OI1 

Uecbtensteln" 

155-00-11 

Ch/na. PRC*** 

10811 

Lithuania* 

8*196 

Guam 

018-872 

Luxcmb<3ui}< 

0-800-cn n 

Hcinj Kong 

800-1111 

Macedonia, F.YJL of <Am4im 

India* 

000-117 

Mafia* 

0800890-110 

Indonesia* 

001-801-10 

Monaco* 

19*-0011 

,l.i p.m* 

Korea 

000-11 

Netherlands" 

064)22-9111 

KrireawA 

Malaysia* 

11- 

Poland***" 

0*010-480-0111 

800-0011 

Portugal* 

05017-1-288 

is cm Zcjland 

000-*il J 

Romania 

0T-8OO4288 

Philippines' 

105-11 

Russla-*(Moscow) 

155*5042 

Saipan* 

235-2872 

Slovakia 

00-4204)0101 

Nilgai* »c 
'iri Link.! 

*0lM Jill -111 

Spainw 

900-99-00*11 

-»30-i.vj 

Sweden" 

020-795-611 

Taiwan* 

0080-10288-0 

Switzerland* 

155-00-11 

UBiibiKj* 

OOJO-90J- till 


050CF890011 

EUROPE 

Ukraine* 

8*100-11 

Armenia** 

8*14111 

middle hast 

Austria"*** 

022-903^)11 

Bahrain 

800-001 

Beiflliinr 

luilivin.i 

0800-100-10 

Cj/prus" 

080-90010 

iPH»>MiOIO 

Israel 

177-100-2727 

Czech RepT 

00-420-00 101 

Lebanon (Beirut) 

800-288 

426601 

Denmark* 

8001-0010 

Qwar 

0800-011 -77 

Fin Lind* 

9800-100-10 

.'«udJ Arahrix 

1-800-10 

France 

19.5-0011 

Turkey" 

00-800-12277 

Germany 

0130-0010 

UAE.- 


Greece* 

00-800-1311 

AMERICAS 

Hungary* 

W*4KMM)iili 

Argentina* 

001-800- 200-1111 

l-rel.'iiiil'a 

Ireland 

9094301 

1*0005504)00 

Bribe* 

Bolivia* 

555 

0-800-1112 



Guyana*** 

Hbndutay 

MexicowAA 


Uruguay 
Venezuek** 








•MMr.i2i«C.ii]ta4>ii avalUhtelnjgM.avrt^ «rtrw,-^. r 

?T'f Wvi-. .-i-si -iW+.-fn <r .1 ih.-u-junov hsied^r 

mi i k i*om. on] hi ju 

"*" ’" J lut dn! htifc. |)til 1 1 |o^KH)| 1 1 


jua he mlfaUe fitm cwxy phone 

MMcacafltagMiT. _ 

pbana reqata; teal cotatw/meailn 
+A& anSsblebooi puMe iWcitML 
*•* ita yet wsiabta fiWB d wears 


4 Anqli snamd dUnoc , .-bUMB^T 

• Cailing avallabie tis mo« Quifcui awnocs- ... 


T il*. |4i'»u" ... 

“I'nld. 1 4k 

In 4h ii Ejp -f Tar 1 . i 


/»'!•. h'[.r<i,4. 

pw.Li.iw.j 

vlvai-h 



2^5’"* 14 **■ “ r 

.VviTVCw *Brvw . -vjQ ..y./jg