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London* Thursday, May 19, 1994 

Reaction to Higher Rates: 
It's Not a Normal Time 9 

By Lawrence Malkin 

International Herald Tribune 
NEW YORK — With the Federal Re- 
serve Board's having finally yielded to Wall 
Street's craving for firm and' steady interest 
rates, calm returned Wednesday to bond 
and stock markets, and money began mov- 
ing against the dollar. 

Normally, an increase of half a percentage 
point in interest rates like the one an- 
nounced Tuesday by the central bank would 
attract money to dollars, “but these are not 
normal limes," said David Rollev. interna- 
tional economist at DRiJMcGra’w Hill. 

Instead of moving smartly higher the 
morning after, the dollar actually dropped 
about a pfennig against the Deutsche mark, 
to DM 1.6715, and about half a yen. to 
103.80 yen. and then spent the rest of the 
day drifting. (Page 10) 

Stock and bond markets showed little 

Currency traders said some of this could 
be explained by speculators who bad bet on 

a dollar bounce: many dumped their dollars 
when the money failed to perform under the 
stimulus of higher rates in the United States 
and lower rates in Germany. 

The Jong- term outlook for the dollar is 
still generally seen as healthy later this year, 
but traders rarely look that far ahead. Mr. 
Rolley said that the Fed might tighten again 
later this year, and that at some point inves- 
tors would wake up. realize the U.S. econo- 
my and interest rales were still attractive 
and move back to Wall Street — but not 

Currency markets are still wary that the 
U.S. administration's tactics against Japan 
include a lower dollar to make Japanese 
exports more expensive. The Fed’s indica- 
tion that it was finished raising interest rates 
for now meant that if the U.S. Treasury 
needs to prop up the dollar again with mar- 
ket intervention, it cannot count on the 
Federal Reserve to support it with higher 

See MARKETS, Page 5 

NATO to Grant Russia 

Privileged Relationship 

Broader Than Partnership for Peace 

By Craig R. Whitney 

New York Times Service 

. ..In a concession to Russian pride, NATO 
ambassadors, in Brussels agreed Wednesday 
that the alliance’s relationship with Russia 
awld be broader than the Partnership for Peace 
offered to all formerly Communist-nded coun- 
tries in Eastern Europe and the former Soviet 
Union, officials said. 

Ruwa. unlike Poland, Hungary, the Czech 
. JtqwMic and many other countries, has repeat- 
edly postponed formal acceptance of the Part- 
nership, which President Bill Clinton and other 
leaders proposed in January after Russia made 
_ dear a would regard full NATO membership 
by Easr European covmhies as a threat to its 
am security. 

Preodeni Boris N. Ydtsin said in Germany 
’ fist week tbat^Russa expected spexaal treat* 
f! m«u within: the Paitteishipbdittmg its status 
as a nodear superpower and would explain 
1 -what it wanted when Defense Minister Pavel S. 
Grachev visited Brussels next Tuesday and 
-Wednesday to explain the new Russian niflitaiy 

- ; A spokesman in Brussels said that R ussia 
was still expected to agree soon to take part in 
. jfre partnership. Bui, he said, “The discussion 
ipday reflected the strong vie w that there 
v&ooMbeicope in the broader Russian-NATO 

. . relationship for dialogue and cooperation that 
reflects the rote and the importance of Russia in 
European stability and security." 

Another, allied official said, “A substantial 
dialogue's possible, but it's not a substitute for 
Rnssum' participation in the Partnership for 
Peace.” Additional considerations given to 
Russia would be made known to the other 
members of the Partnership, officials said. 

A senior NATO official explained: 

“Oeariy. as befitting their status, there needs 
to be a relationship with Russia that reflects 
pragmatic questions — they are a nuclear pow- 
er,. Tor instance, and they are involved in the 
new diplomatic contact group on Bosnia." But. 

he said, this would be in addition to. not in 
place of. Russian participation in the Partner- 

The North Atlantic Treatv Organization un- 

The North Atlantic Treaty Organization un- 
veiled a planning cell at its European military 
headquarters in Mens. Belgium, last month, 
where countries in the Partnership can station a 
handful of officers to work out arrangements 
for joint military exercises and planning activi- 
ties with the allies. 

NATO is also building permanent offices at 
its Brussels headquarters for Russian, Central 
Asian, and East European officials to develop a 
continuous political dialogue with the alliance. 

German diplomats in Bonn said that Mr. 
Ycltsia had made dear during his visit last week 
that domestic political pressures were mount- 
ing on him to preserve diplomatic face and 
atature far Russia. . 

C ha nce ll or Helmut Kohl bowed to Mr. Ydt- 
sitfs demand to drop plans for a ceremony on 
the departure of Russian troops from Germany 
at tbe cad of August in Weimar, near the Nazi 
concentration camp at Buchenwald, where the 
Red Army briefly held political prisoners after 
World War 11. Instead, a ceremony wfll be held 
in Berlin. 

The Germans also supported- Mr. Yeltsin's 
demand for Russia to become a full member of 
the group of tbe world’s most powerful indus- 
trial democracies after the next meeting of the 
Group of Seven in Naples in July. 

Foreign Minister Klaus Kinkd of Germany 
said Wednesday: "I am worried about an iso- 
lated Russia Ural is more in search of a new 
identity after losing its world power status. 
Russia has become much more sensitive." 

. . . . . . Umjbt Mother- Rcmcr, 

Prime Minister Silvio Berlusconi listening Wednesday while Italian Senate debated before a vote of confidence in his government 

Easing Up on Tokyo? U.S. Aides Say ‘No’ 

In addition to setting up a frameworit for 
joint training exercises and exc h anges of infor- 
mation about military doctrine and standards, 
the partnership also offers consultation with 
NATO lor any partner who perceives "a direct 
threat to its territorial integrity, political inde- 
pendence. or security." 

By Paul F. Horvitz 

International Herald Tribune 

WASHINGTON — Senior American trade 
officials, on the eve of key talks with their 
Japanese coumerparis. suggested Wednesday 
that their policy toward Japan was unchanged 
and sought to play down recent White House 
continents that a softening may be under way. 

The remarks by two officials were largely off 
the cuff and did not appear to reprevrru u 
coordinated effort to shore up the American 
trade stance. But neither official specifically 
denied published remarks by the White House 
economic adviser, Laura D. Tyson. 

She was quoted earlier this week as saying 

that it might be time for Washington to try to 
“moderate or adjust the liming" of its trade 
stance with Tokyo to reflect the political reali- 
ties in Japan, without altering the overall thrust 
of American policy. 

The two countries are deadlocked over 
Washington's demand for specific, measurable 
commitments, or "objective criteria" for the 
reduction of Japan's huge trade surplus with 
the United States. Bui there have been hints in 
recent da\s that some movement may soon be 
possible in the area of pua'hasing contracts by 
Japanese government agencies. 

The comments by Ms. Tyson were reportedly 
welcomed within the Japanese government. But 

on Wednesday, the U.S. trade representative, 
Mickey Kanior, and tbe undersecretary of the 
Treasury for international affairs, Lawrence H. 
Summers, separately offered the view that U.S. 
policy remained consistent. 

In a speech to investment managers. Mr. 
Summers said the administration of President 
Bill Clinton continued to believe that "we need 
to see agreements that are credible, that are 
concrete, and that go beyond the Tailed agree- 
ments of the past" in dealings with Japan. 

Mr. Kan lor. in an interview with Bloomberg 
Business News, said, “We’ve not changed.” 

"Our position is exactly as it was in Febni- 

See TRADE, Page 5 

*C;s, A 

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No. 34,592' 


tiled Mr 

Wins Crucial 
Test in Italy 

< Oslo U 

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is leader' 

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■ the late 
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ack arch 
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sen led a 
the Nor 

159-to~153 Senate Vote 

Gives Him Go-Ahead to 

Push Political Agenda 

ear after 

By William Drozdiak 

Washington Parr Service 

ROME — Prime Minister Silvio Berlusconi 
survived his first major political test on 
Wednesday when his week-old conservative 
government won a crucial vote of confidence in 
the Senate. 

The government victory, by a vote of 159 to 
153, was achieved with the support of several 
life senators, including Francesco Cossiga. a 
former president, and Gianni Agnelli, the Fiat 
chairman. There were (wo abstentions and sev- 
eral senators left the chamber to reduce the 
quorum, thus allowing Mr. Berlusconi to win 
the vote. 

Tbe triumph in Italy’s upper house will allow 
Mr. Berlusconi, 57, to press ahead with an 
ambitious free market vision for Italy that in- 
cludes the promise of lower taxes, a million new 
jobs, a leaner bureaucracy and a government 
cleansed of corruption. 

A defeat for Mr. Berlusconi’s government 
would have thrown Italian politics into turmoil 
and undoubtedly led to a new dec lion, less than 
two months after an election in which voters 
banished the corruption-ridden Christian Dem- 
ocrats and Socialists who had dominated gov- 
ernments for four decades. 

Mr. Berlusconi's Foiza Italia party and its 
two governing partners control only 156 seats 
in the 326-seat Senate. The government is as- 
sured of a similar endorsement later this week 
by the 630-seal Chamber of Deputies, where it 
enjoys a substantial majority. 

Mr. Berlusconi had earlier rqected opposi- 
tion calls to drop the neofasost National Alli- 
ance from his cabinet, telling the Senate that to 
do so would betray the will of voters who gave 
his rightist Freedom Alliance an overwhelming 
victory in the March elections. 

"A majority of Italians have established with 
their vote (hat this coalition has the honor and 
the duty to govern this republic," Mr. Berlus- 
coni said. "For a new majority, new elections 
would be necessary." 

During the Senate debate, Mr. Berlusconi 
emphasized his intention to pursue moderate 
policies and to sustain Italy’s foreign commit- 
ments, while trying soothe worries abroad over 
the presence in his cabinet of five ministers 
from the neofasdsi National Alliance. 

Mr. Berlusconi acknowledged that his popu- 
list governing coalition was a "radical innova- 
tion" that has been perceived by Italy’s part- 
ners "in some respects with a certain justifiable 
anxiety.” But he insisted that all parts of his 
governing alliance respected “the choice of de- 
mocracy as the binding rule and supreme val- 

Despite the alarm in foreign countries, the 
role of the National Alliance has aot evoked 
much controversy in Italy. Neofascists have 
been represented in Parliament since the war, 
and even leftist opponents do not consider 
them to be a threat to the country's democratic 

The National Alliance leader. Gianfranco 
Fmi, calls his party a “postfascisr movement 
unique to Italy that will nave nothing to do with 
Europe's other extreme-right parties, such as 

See ITALY, Page 2 

ad been 
last Sep- 
ian offi- 
i out for 
Jem Bill 
aders on 
i for the 


lent said 
’at's call 

i report- 

re U.S. 
seek an 
the re- 

•uted to 
>to both 

r, bnt to 
e future 

? up to 
s." Mr. 

Clinton Clears Way for China Trade Status Arafat Clarification: Peaceful 9 Jihad 

U.S l Highlights Gesture 
By Beijing on Rights 

By Thomas L. Friedman 

... ' New York Times Service 

: WASfflNGTON— Chhra has token anoth- 
er step .toward meeting President Bill CUntorus 

the administration quickly highlighted, appar- 
ently in an effort to prepare the pnbbc for a 
decision to renew Beijing’s trade benefits with 
only a few symbolic conditions ariactel 
A senior administration official said China 
bad agreed to a visit by team of Americas 
technicians to talk about halting its jamming of 
Yoke of America radio broadcasts. 

“Significant progress" by Onna towglgj- 
mg jamming of foreign radio and HgMKn 

broadcasts was one of seveo humau-nghts de- 

mands Mr. Qinton set a year ago as his condi- 
tion for renewing China’s most-favored-nation 
trade benefits, which allow the lowest tariff 

Of those seven demands, China had to make 
“significant progress" on five. They were to end 
tha j amming , to account for political prisoners, 
to allow prisoners to be visited by the Red 
Cross, to ease the repression in and the pressure 
mi Tibet and to take steps to begin adhering to 
the Universal Declaration of Human Rights. 

The two other Qinton demands woe "man- 
datory," meaning China had to fulfill them 
entirely. They were to end tbe export of prison- 
made products to tbe United States and to 
aBow the free emigration of certain dissidents 
who had been barred from leaving the country. 

What is significant is that the senior official 

also told reporters Tuesday that China had 

A Report Details Arrests 
Of 500 Others in 9 89 

See RADIO, Page 5 


~ ' ^Sf AC Milan Wins ite Champions’ Cup 

General News 

By Lena H. Sun 

Washington P/rrt Service 

BEUING — The authorities arrested about 
500 more people in the 1 9fl9 crackdown on pro- 
democracy demonstrations in Beijing than was 
previously known, and more than 200 of them 
are still serving harsh prison sentences, accord- 
in gto a human rights report issued Wednesday. 

Tbe information, which comes from dissi- 
dents and their families, "serves again to dem- 
onstrate that known cases of political and reli- 
gious imprisonment in China represent only (he 
tip of the iceberg," according lo the joint report 
by Hitman Rights Watch /Asia and Human 
Rights in China, both based ra New York. 

Unlike the student leaders and prominent 
intellectuals whose cases have been the focus of 
international alien lion, the prisoners described 
in die report include peasants, factory workers 
and cadres who have received harsher sentences 
than intellectuals and students — many in 
excess of 10 years. Only 29 of the cases were 
previously known to human rights organiza- 

Because the information is only about Beij- 

By William Schmidt 

Vev York Times Sen ire 

OSLO — On the same day Israel surren- 
dered final control of the Gaza Strip and 
Jericho io the Palestinians. Yasser Arafat and 
Shimon Peres met in this Scandinavian city to 
celebrate the place where their journey to- 
ward peaceful cooperation began in secret 
nearly two years ago. 

Mr. Arafat, tbe chairman of the Palestine 
Liberation Organization, and Mr. Peres, the 
Israeli foreign minister, arrived here early 
Wednesday. They were joined by former 
President Jimmy Carter of the United Slates 
for ceremonies honoring Norway’s role as a 
broker in the clandestine talks that resulted in 
last September's historic accord between Is- 
rael and the PLO. 

But in a day or speeches and public tributes 
the search for peace in the Middle East, the 

, . .nnclilmm 'Again; Frjinr-lVvc 

V / 

U J.-Rasam dspttfe underlined the fragility 
of a Bosnia accord. Page Z 

See ARRESTS, Page 5 

Palestinian children searching a Gaza 
Gly military camp Wednesday for bul- 
lets to sell. The Israeli Army completed 
its withdrawal form Gaza Strip, Page 5. 

to the search for peace in the Middle East, the 
two leaders also sought to allay a furor in 
Israel over the revelation of remarks by Mr. 
Arafat, in which he called for a “jihad" to 
liberate Jerusalem for Muslims. 

Ai a press conference, Mr. Arafat said his 
remarks, made earlier this month after he 
finished praying at a mosque in South Africa, 
had been wrongly interpreted His reference 
io jihad was not a cal] for violence, Mr. 
Arafat said. 

A tape recording of Mr. Arafat’s remarks 

was played by Israel state radio on Tuesday. 

"Jihad will continue and Jerusalem is not 
for the Palestinian people; it is all Tor the 
Muslim people," Mr. Arafat is heard to say 
on the tape. "Our main battle is Jerusalem." 

Mr. Arafat on Wednesday said that what 
he had meant was. "1 will continue my jihad 
for peace," or “I will continue my jihad for 
Christians and Muslims and Jews to pray in 

Tbe Israeli foreign minister. Shimon Peres, 
who appeared unexpectedly at tbe press con- 
ference while Mr. Arafat was speaking about 
Jerusalem, immediately said he was satisfied 
with Ms. Arafat's explanation. 

"He remains remains committed to the 
declaration of principles, to the end of vio- 
lence." said Mr. Peres. 

Mr. Carter and the Norwegian foreign 
minister. Bjorn Tore Godel. aJso accepted 
Mr. Arafat's clarification, with the former 
U.S. president telling reporters he clearly 
understood the PLO leader to have used the 
word "jihad" to mean a peaceful crusade. 

In a speech later in the afternoon, Mr. 
Arafat turned to face Mr. Peres, whom he 
referred to as “my cousin and my neighbor,” 
and asked him to convey lo the Israeli people 
“our best regards and our determination to 

See JIHAD, Page 5 

to have been a year. t irr^; n ” and 
ooeoai tbe scoring in the 22d minute ano 
adding another io the 45th. Dgan 

the 47 th »t»4 ttal 

Marcel DesaiUy made it 4-0. {Page 17) 


Why do women need men to keep the human 
race going? A good question. Page 8. 

More Japan War Problems: Now It’s Pearl Harbor 

Book Review 


Newsstand Pr»ces_ 

By David E. Sanger 

Son York Times Sterne 

TOKYO — Just when Japan thought it was patcliinu over 
tbe damage done by a cabinet member's, insistence that the 



Gibraltar— — £0.85 Ireland l R £1-00 

Great BrttalnJEO-85 saudi Arabia P.00 R 
Egypf._-.E-P. 5000 Soutft Afrtaj ----K 6 

Rape of Nanking never happened, a new and even mi»re 
politically charged argument has broken out in Vide the guwrn- 
ment: When Emperor Akihito makes his first state vUti u. the 
United States next month, should he stop off at Pearl Harbor.' 

The emperor's schedule, though not officially puMKhed. 
calls for him to visit Honolulu on the way back from from .i 
iwo-wedt toor across the United States. Until a few Jj>> jg... 
Jap anese officials were whispering that the emperor would vw I 
the manorial at the battleship Arizona and express his sorrow 
over the war, which was begun under the reign of his Tat her. 




Si*vS oUar 

rims dose 




uilh i he wjf. i he government is suddenly getting cold feet. right-winger politicians oppose the visit. 

Hanging onto power by a thread. Prime Minister Tsutomu 
Hju’s cabinet K clearly fearful of being blamed if the emperor 
!■. pereei'vd to be apologizing for an air attack that many 
Japanoc Mill believe was a justifiable response to U.S. eco- 
nomic %aneii*'nv 

'The pendulum is swinging." one Japanese official said, 
"and there i-jj-hj posMbslity that Pearl Harbor will disap- 
puir from the -vhcJulc. ' 

Ali!i,HJgli A k i hi i - 1 vim icd ihe Arizona as crown prince in 
|%n and Emperor ihrohito visited Hawaii during a tour of the 
United Stales lw. i decades ago. no Japanese emperor has paid 
respects at Pearl Harbor. 

two years ago. the first time a Japanese emperor ever stepped 
on Chinese soil. 

influential right-wing politicians tried to scuttle that trip 
altogether, protesting that it would violate tbe apolitical role of 
the Japanese monarch in the postwar constitution, and humili- 
ate modem Japan by seeming to kowtow to China's leadership 
But Akihito, who became emperor io 1989, was determined 
to set a different tone, and issued a fairly strongly worded 
statement of regret for the suffering Japan caused. ' 

To many Japanese, however. Pearl Harbor is a very different 
issue. The widely accepted interpretation of the attack is the 
one written by General Hideld Tojo, Japan’s wartime prime 
minister, who said that the embargo on oil and steel deliveries 
to Japan made it inevitable that the country would lash out 
“For Japan, domg nothing would have meant tbe destine- 

i’act- 2 


rman Chief, a Past Never Forgotten 

By Craig R. Whiiney 

.V«r Y.irk Tones 

BONN’ — Fr>r [n years. President 

Richard Win WtfiAvicker has been the 

conscience of hi 1 - enuntr-. insisting again 
and again to his fellow Germans that the 
r, nly solid foundation for iheir future i ; 
acknowledgment of the pu>i 

Like an\ gr**tl conscience, the while- 
haired aristocrat hjs often del i herald > 
made his listeners uncomfortable. Speak- 
ing nine years ago shout the killing •>! h 
million. Jew h*. the Nazis, he said. 

“There were many ways of nui burden- 
ing l ine's conscience. <~*f shunning nespon- 
'.ibiliiy. looking away, keeping mum. 
When the unspeakable truth or the Holo- 
caust then became known at the end of 
the war. ail loo many of us claimed that 
they had not known anything ahoui n nr 
even suspected anything.*' 

Reflecting the other day . the president. 
7-1. said. "I "wouldn't take hack a single 
word of (hat speech inday.“ 

With a special political assembly 
scheduled to convene on Monday to pick 
his successor, the speech seems fated to 

so into the history hooks as the defining 
moment nf his presidency 

**l got many letters then asking me 
what right I had to say thai mans Jew, 
had died." he raid. “Tod.iv. ] am still 
getting the same kind of questions, hut 
now they sign their names jnd give thur 
addresses. Nine years ago they were 
anonymous. That has Mitered the more 
than once.” 

Questioning the historical fact of the 
Holocaust is a enme in Germany. The 
law was challenged in court this year by a 
rightist radical leader, but ihe country's 
highest tribunal, the federal lop.muu- 
lionol Court in Karlsruhe, reaffirmed it. 

The German presidency is a ceremoni- 
al office without executive power... hut 
Mr. Wazsjcker used n .is j moral inhu- 
nal. reflecting what he had teamed from 
his own past. 

Bom in Stuttgart in 1920. the young 
baron studied at Oxford before the wjr 
and served as an officer in a Prussian 
infantry regiment that took part in the 
invasion of Poland in I9?4. 

Some of his friends were involved in 
the assassination attempt against Hitler 
in 1944. At the same lime. Mr. Weiz- 

sackcr’s father. Ernst, was a diplomat 
who served under Hitler as chief secre- 
tary nf the Foreign Office and ambassa- 
dor to the Vatican. 

He was sentenced to five years' impris- 
onment by the Nuremberg war crimes 
tribunal. Mr. Weizsacker. then a law stu- 
dent. helped defend turn and later helped 

Weizsacker used 
presidency as a moral 

publish his memoirs, which portrayed 
him as opposing the Nazi*.. 

In an interview much later. Mr. Weiz- 
sjeker said he had never been happy with 
the memoirs. His father, he said, must 
have known about the Nazi war crimes in 
broad outlines but not in all their horrify- 
ing detail, and thought that duty required 
him to continue working as a diplomat. 

Despite a rash of neo-Nazi violence 
against foreign immigrants and asylum- 
seekers in the last two years. Mr. Weiz- 
sSeker said he would retire on June 30. 
the end of his term, with undimimshed 

confidence in the ability of German de- 
mocracy to master the problems raised 
by unification four years ago. 

“If you see the solution to problems 
like racism and violence only in sine ter 
laws, tougher police measures and strin- 
gent political speeches, you are mistak- 
en," he said. “It isn't police or laws that 
determine how people behave and think. 
Teachers, parents and even the media 
have much greater influence, and should 
be aware of the role they have to play.” 

In a recent German magazine inter- 
view. Mr. Weizsacker did have one seri- 
ous criticism for the unification process. 
When the Berlin Wall fell in November 
1989, he told the weekly Stem, there was 
widespread readiness in the western part 
of ihe country to sacrifice to help the 
impoverished Communist-ruled eastern 
pan, but the government never took ad- 
vantage of it. 

“Instead, the state preferred to finance 
the enormous sums that had to be trans- 
ferred by a gigantic deficit.” be said. 

This, like many of the president's pre- 
vious pronouncements, was taken by 
many politicians as a veiled criticism of 

Chancellor Helmut Kohl’s government 

Mr. Kohl does not tolerate challenges 
to his leadership lightly. He may have 
thought in 1 984 that he had relegated Mr. 
Weizsacker. previously the Christian 
Democratic mayor of Berlin, to political 
impotence when the party nominated 
him as presidenL 

Mr. Kohl seems bent on determining 
that the next president is somebody with 
whom he can be happy. 

The chancellor's first nominee with- 
drew in November after a series of awk- 
ward statements. 

The current nominee is Roman Her- 
zog, the president of the Constitutional . 
Court. He aroused controversy . this 
month by saying that Turks living in 
Germany were not automatically entitled 
to become citizens. 

At a dinner with foreign correspon- 
dents, Mr. Weizsdcker haughtily dis- 
missal attempts to get him to comment 
on Mr. Herzog's statements. 

Mr. Wdzsacker's lecturing tones have 
sometimes grated on his listeners, but 
many Germans say that whoever suc- 
ceeds him will have a difficult time filling 
his shoes. 


UN Cancels 
3 Flights to 
Tuzla Alter 
Pilots Balk 

Bv Roger Cohen 

.vy«- »w rmr vn>. i- 

ZAGREB. Croatia — The Unit- 
ed Nations canceled three planned 
nights into Tuzla airport Wednes- 
day. underscoring the apparent 
ability of the Bosnian Serb? to close 
at will the airport near the govern- 
ment-held northern Bosnian town. 

The decision to cancel the flights 
was made when civilian pi loti 
whiwe service*- are leased h;. the 
UN military command refused lo 
flv io the airport became of Serbi- 
an shelling of the jirfield Tuesday 

“We tried to persuade the pilots, 
but their view was that the airfield 
was not safe." said Matthew Ner- 
zjc. a spokesman for the United 
Nations in Zagreb. 

Four rounds fired by Serbian 
tanks in the mountains ringing the 
airfield struck the airport Tuesday 
One exploded near a UN 
7h transport that had j um Ijnded in 
the flight to Tuzla since the 
airport was closed on April 14. 

Following the modem Tuesday. 
Lieutenant Colonel Lari Muller, 
deputy commander of the Nordic 
battalion based in Tuzla. asked for 
NATH air strike* agamM the lank. 
Bui Lieuienom General Michael 
Rose, t he commander of UN forces 
m Bosnia, refused. 

"Close air support from NATO 
is a last resort for UN troops under 
attack and when loss of life is ji 
stake.” Mr. Nerzig niid. "This re- 
quest did not meet those stan- 

The disagreement over how m 
respond to the Serbian shelling 
seemed certain to worsen the al- 
ready lense relations between the 
Tuzla-based Nordic battalion •>( 
the l'"* Protection Force and the 
top UN official in former > ugoxlj- 
vid. Yasu.shi Akaslu. 

The Nordic hjtialion is very im- 
patient over the situation ji tuzla 
airport, which wti> opened by Mr 
Akashi last March only l" he closed 
again a few week.s later. The Nor- 
wegian commander at the airfield 
aid earlier this month that the air- 
port is. in hi* view. .safe. 

all Aid Workers Set Free 

France'*. Foreign Ministry ?aid 
Wednesday that Bo-man Serbs had 
released 1 1 French aid worker- de- 
tained Ip. Bosnia on April Reu- 
ters reported from Pans. 

.Viklira. Vrmm* \(f*v Fr»rPir».r 

DiSABLED DEMONSTRATE — A paraplegic woman being carried from the path of a London bus Wednesday after a group of 
disabled people slopped traffic to protest what they called the “‘wrecking’’ of a bill to protect tike disabled from (fiscrimmatioo. 

A Halt to 
Rising Fees 
In Japan 

By James Stemgoid 

.Vw York Time* Semi* 

TOKYO — In one of his first 
acts as Japan's new prime minister. 
Tsutomu Hata responded Wednes- 
day to growing criticism of a wave 
of steep increases in government- 
controlled fees and tolls by order- 
ing the bureaucracy to freeze the 
fees at their current levels until 

It is uncertain that Mr. Hata’s 
order will actually bring about die 
freeze, since many of the fee in- 
creases. covering everything from 
postal rates and highway tolls to 
public housing rents and subway 
fares, are the responsibility of local 
governments. But his unusual call 
reflected the mounting public an- 

Rival Yemenis Fight for Key Base 

AL ANAD. Yemen < Combined Dispatches) — 
backed by heavy armor battled on Wednesday *iib * u * . M 
key military base governing the northern approaches t«. A . 

Reporters were taken by northern forces inside the 
ment and watched as artillery, tank and ipctci io an 

Southern troops-nppeared to be. firing, from outside tfwp* _ ■ f 

effort to dislodge the northerners. Heavy firepov-CT u 0( - 

inside and outside thebase about 60 kilometers (about . . miles) 

Ccmrolof Al Anadwas a key objective of forces loyal lo j}Jj 

Abdullah, Saleh in thrir push toward Aden, the stronghohi .ol i he 
southerners led by Aji Salem Bald. The rival armies from 
conservative North Yemen and Marxist South \ emeti. whtdi un f 

years ago. have been locked in civil war for two weeks. (Reuter 

Opposition Takes Big Lead in Malawi 

BLANTYRE. Malawi (WPV — Leaders of the Oppwition^Unitcd 
■ Democratic Front called on Malawi's 96-year-old life presidenL Has & 
Kamuzu Banda, to concede defeat Wednesday m the couoLfV s lirM 
multiparty elections, as early but unofficial results showed a oammaiun _ 
lead for a former cabinet minister and businessman. Baktli Muluzi. 

Mr. Muluzi held an overwhelming lead in the country s popuiou> 
southern region, which includes the commercial hub of Btantyre. anu 
smaller leads nr Mr. Bnnda ? s ..native- central region and in the less 

Opposition leaders and dmksian'c sources said it appeared all but 
certain that Mr. Muluzi would unseat Mr. Banda. Party official!, were 
already planning for the- new president to be. sworn in on Saturday, wc 
are hoping they wfll be civilized enough to concede defeat said Hie 
United Democratic Front sccretary-generaL Harry Thomson. 

UN Inspections Begin in North Korea 

VIENNA (Reuters) — United Nations inspectors arrived at the North 
Korean nuclear -complex north of Pyongyang on Wednesday and started 
work at one of the plants, the United Nations nuclear safeguards' agency 
said. • ‘ ‘ ' • 

A spokesman, at the International Atomic . Energy Agency, based «n 
Vienna, said he was unable to confirm whether the three-man team had 
visited a five-megawatt nuclear reactor at the complex, in. Yongbvon. 
Some reports have said dial Pyongyang has begun refueling the tractor in 
defiance of the UN agency. 

“They have reported- bade that'-fbey have arrived at Yongbyori-und 
have started work.” the spokesman said, but gave no further details. 
There is some confusion whether North Korea has just shut the reactor to 
allow its core to cool before refueling, or .whether it has removed its 
uranium fuel rods. •••’ 

Thai Offidals .Suspected of Drug Link 



ussia Rift Shakes Unity on Bosnia 

\in Y-ri hum Vmii 1 

ZAGREB. Croatia — Beneath the *h.<w nf 
unity on Buinia- Herzegovina la-t *cek bv the 
United Stale*:. Russia and the European Union, 
j sharp diplomatic dispute Hared between 
Washington and M«o« that underscored th? 
frugilit) of international efforts to end the Bos- 
nian war. 

Amentan ■'flicials >iid the di-pute raised 
new questions nb«-ui the effectiveness of diplo- 
matic attempts to stop ’.he fighung in the for- 
mer Yugoslav republic. 

The clash summed from Russian anger at 
what wa*. seen h;, Moscow as taei; U.S. >uppon 
for the Muslim-dominated Bosnian govern- 
ment's claims to percent of the country's 
territory, the officials -aid. 

After five days or United Slates- sponsored 
talk* m V ienna. ihe Bosnian government and its 
Ur, utian allies las; week requested 58 percent 
of Bosnian ism ton. ■»uh.«tantiaU;- more than 
the 51 percent offered under a plan officially 
end-T.-cd by the l' riled States. Ru-m.i and the 
Fur i oear. I. nton in Geneva la.,; Friday 

“The Russian view- was that, because of our 
dose involvement with the Musbm-Croai fed- 
cration. they could not have demanded 58 per- 
cent or the territory without our backing." on 
American official said. “Because of the Russian 
concerns, a formal signing ceremonv for the 
federation in Geneva last Saturday was down- 
graded to a mere reception." 

The officials said that although the Clinton 
administration's Sacking of the 51 percent fig- 
ure was sincere, there was considerable unease 
in Washington at the notion of putting pressur- 
ing on the Bosnian government to abandon its 
58 percent goal. 

After more than two years of war. the Bosni- 
an Serbs hold about 70 percent of (he country. 
To sati-fy the claim., of the Musitm-Croal fed- 
eration. they would have m give up almost one- 
third of this. 

Apan from U.S. difficulties w-ih the Rus- 
sians. whose support f«*r the Serbs is routed m 
their shared Orthodox Christian heritage, 
marked strains persist with the European* over 
now best to stop the war. the officials *aid. 

The British and the rrer.cfi. wh»» jre v 

involved in an expensive United Nations 
peackeeping operation in Bosnia, an: anxious 
to slop the war by virtually any means, but the 
Clinton administration still balks al the notion 
of the Muslims suffering too overt an injustice. 

European impatience became clear Tuesday 
as France indicated that it intended to with- 
draw about 2JHX) of its 6, 800- member contin- 
gent m the region by the end of the year if 
diplomatic progress is not made. 

The differences between the United States 
and Europeans also center on the issue of the 
emergence of a Muslim-dominated state in Eu- 
rope. Although this development is not viewed 
as a matter of strategic concern in Washington, 
it causes deep, if generally unspoken, unease m 
Europe, where the Muslim militant terrorism in 
Algeria and an influx or North .African immi- 
grants into recession-hit economies have 
heightened unease over Llumic miliums and 
Muslims in general. 

With these differences persisting, the Serbs 
and Muslims have as vet shown little readiness 
to complv with the call for a cease-fire. 


BANGKOK (Reuters) — Hie United States suspects that 17 Thai 
politicians, including several members of Parliament: are involved in the 
narcotics business. Thai government .officials said Wednesday. 

Foreign Minister Prasong Soonsiri informed gcwemmenl colleagues of 
the U.S. suspicious during a cabinet meeting on Tuesday, an official said. 
Opposition members of the National Assembly, alleging that the gov ern- 
ment had political motives for revealing the suspicions; walked out of the 
House in protest on Wednesday after demanding- that'Mr. Prisong 
identify those under suspicion. 

The only politician identified so farwas Mongkot Ghongsuthamanee. a 
member of the opposition Chart Pattana (National Development) party 
from Chiang Rai Province. Mr. Prasong said Wednesday that Mr. 

. ■ = - . . Mongkol had been denied an entry visa in March bv the United State?. 

ger over ^^ngr^-andthe Mr Pnsoa g.^ d ^ djdnot W the reason for fte visa- refusal and 

ti^rSlS " Ve,CU5MW ° refused to eUborate on the U^suspidoos., 

• The dismay is a product of the 
fact that the increases have come at 
the worst possible time. Japan is id 
the grips of a deep recession, infla- 
tion has all but disappeared and 
wholesale prices are actually de- 
clining in many instances. Never- 
theless, the government has ap- 
proved or. is considering fee 
increases that will cost- consumers 
more than 522 billion this year, 
according lo estimates by Morgan 
Stanley International. 

The cost of mailing a letter has 
risen 29 percent. Highway tolls in 
Tokyo just jumped nearly 17 per- 
cent for cars. There are also in- 
creases in pension premiums, tele- 
phone service Tees, alcohol taxes, 
medical fees, national university 
tuitions and many others. 

Business groups have com- 
plained loudly (hat the increases 
will further slow the economy and 
all but erase the expected benefits 
of an income tax cut the Parliament 
has passed for this year. 

Takeshi Nagano, president of 
the Federation of Employers’ Asso- 
ciations, a major business lobbying 
group, has vigorously criticized the 
increases and sought to embarrass 
the government by asking Tuesday 
if he could testify at an upcoming 
government bearing on the high- 
way toll increases. 

Hiroshi Kumagoi. the chief cabi- 
net secretary, said here Wednesday 
that Mr. Hata had ordered all the 
increases to be frozen, except those 
already approved. 

High-Speed Station for Euro Disney 

PARIS (AP) — A station for France’s high-speed trains will be 
fna ugura ted _Th ursday arEuro Disneyland and go into service May 2<*. 
makmgJt osier to visit the- amusement pidrL 1 -'. : : • • - ; 

■ The station at Marnp-la-Vallee. 30 kilometers (2U miles) cast of Fans, 
will make the'pdft fnfcJreaocesabteTrom ^Freiidi^ provwctes and countries 
on the high-speed rail network, like Belgium and Switzerland. ' 

Euro Disney put up 250 million Trancs ($44 million) of the cost of the 
station: the French government, which had promised the station to lure 
Disney to France, paid the remaining 580 million francs: 

American citizens travdiiig m Yemen risk being captured and held 
hostage, the U.S. Stine Department warned. It slated. “The U.S. govern- 
ment has learned that Islamic extreimsts may he planning to initiate a 
hostage-taking against Westerners in Yemen." | 'AFP) 

Russian airfine pOets suspended their nadontfide strike just hours after 
it began Wednesday, but threatened -to resume it in two weeks unless the 
Russian government tightened safety rales and increased pensions: tAP) 
Japan Airlines said Wednesday that it would begin a tiew daily nonstop 
joint flight with Air France between the new Kansai International 

Airport in Osaka and Paris. (AFP) 

Vietnam Airfines has signed a - deal with Deiu Airlines IQ cocntlinaie 
schedules as a way to tap into the potentially lucrative route to ihe United 
States, the Vietnam News Agency* reported. (. 1 FP). 

Singapore plans to tighten its already strict anti-smoking rules by 
banning tobacco smoke in all air-conditioned private offices arid fac- 
tories, the Health Ministry announced: Tuesday. • (Reuters) 

AS fufue mass transit systems in central Bangkok must go under- 
ground, the Thai cabinet announced Wednesday. . (Reuters) 

It could be a bad year for Lyme disease in the northeastern United 
States, according to scientists at the Connecticut Agricultural. Ex peri men t 
Station in Hartford. Snow that blanketed much of the' area last winter is 
believed to have protected ticks, which spread the disease, against 
freezing temperatures. ....... . ■ ' iyyj~) 

ITALY: Berlusconi Wins Confidence Vote in Senate 

JHE * ‘ ! 

lh&]cadii i^rHoti L< of thrWnrld 
TEL. (*11 22; 731 93 31 

FAX (41 221 732 45 58 

Continued from Page 1 

France's Nation ji Front or Cermu- 
f>N Repur.lik.mer The National 
Allure? favors tougher criminal 
sanations including ’she revival of 
the death penalty, -meter immigra- 
:»r. controls and j strong central 
authority that wiil help i-uh*idize 
the poor Sc-u;h. where many of its 
*upporter> Ir.e. 

Tne National Alliance's demand 
that Rome should continue to 
dominate political life in Italy 
5 «jt» n.*und m ppis«.»ke further 
clashes with ihs separatist- minded 
Northern League Revnticiiing 
their conflicting demands may 
prove jo be the graicsi Jest nf Mr 
Berlusconi’s leadership skills. 

The League uams m decentral- 
ize 1 lab’s power centers and cede 
much greater authority over uses 

and spending to local go van men ts. 
But the National Alliance insists on 
maintaining a substantial state sec- 
tor that will permit tax money to 
continue flowing from the rich 
North to the South 

Declaring that Italy is “one and 
indivisible." Mr. Berlusconi indi- 
cated this week that he would im- 
pose stnet limits on any diluuon of 
the central government's authority. 
On the other hand, be has awarded 
the League a powerful base to ad- 
vance its agenda through key cabi- 
net posts that include Interior, 
which runs the police and secret 
service, and Institutional Reform. 

Umberto Basse the League's 
leader, fought a bitter battle with 
Mr. Berlusconi over the cabinet 
posts and has vowed to succeed in 
his ambition of breaking Italy into 

three autonomous regions. Mr. 
Berlusconi has managed to keep 
Mr. Bossi under control only bv 
threatening new elections, which 
polls suggest would see a larger 
transfer of votes from the League 
to Mr. Berlusconi’s Forza Italia. 

At the same time. Mr. Berlusconi 
has promised to cut taxes and slash 
state debt in wavs that could prove 
uncomfortable for the National Al- 
liance. which draws much of its 
support from the South. He said 
that the government, in . its first 1 00 
days, will press ahead with plans to 
turn huge state holdings in insur- 
ance. oil gas. electricity and tele- 
communications over to the private 
sector to infuse greater free enter- 
prise into the economy. 

Italy has about 40 percent of its 
economy tied up in the state sector. 

Craxi Disappears, but Sends 

Medical Excuse Via Lawyer 

- • •«/ . 

" Rnun 

ROME — A mystery over the whereabouts of Bettino Craxi. a 
disgraced former prime minister, deepened on Wednesday after he 
sent a sick note telling magistrates that he was too ill to hand in his 
passport, Italian state radio reported. 

Milan magistrates last week ordered the -former Socialist Panv 
leader, who is facing about 20 graft inquiries; to surrender his 
passport for fear he might flee the country. 

But Mr. Craw* who was prime minister from 1983 to 1987. has 
disappeared and is thought to be abroad. He sent the medical 
wrtificate and a covering letter by fax to one of his lawyers on 
Tuesday from an undisclosed location. 

■The certificate, signed by a foreign doctor whose nationality has 
not bren made public, is reported to refer to diabetes, a condition 
dial Mr. Craxi. 60, has suffered from for many vears 

Italian ntwspapas commented that this had never’ prevented him 
from carrying out his duties as a high-profile and aggressive prime 
minister and Socialist leader until he was laid low bjflhe couK™ 
graft scandal. ’ ■ 

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Unchecked Exports In Clinton Nest, Most Eggs Are Hillary’s 
Aid Anns Spread, 

U.S. Auditors Warn 

By R. Jeffrey Smith 
ft'iU&MgiCM Post Smtfi- 
fiovemmeni has approved at least 
T.500 exports sintc I98Sofnudear- 
rdated equip men i to foreign com- 
panies or organizations suspeaed 
or involvement in nuclear prolifer- 
ation. according to a study by the 
congressional General Account ins 

More than half of the exports 
were to organizations linked to Is- 
rael's nuclear weapons program. 
Others went to buyers with ties to 
suspected or confirmed nuclear 
weapons efforts in Brazil India. 
Argentina, Iraq. South Africa. Iran 
and Pakistan, the auditing office 
said after a 22-month study. 

The equipment included high- 
speed computers, lasers, oscillo- 
scopes. furnaces, metallic com- 
pounds, machine tools and other 
items with a total value of more 
than $350 million, the study said. 
While each of the items could be 
used in inoffensive civilian applica- 
tions. much of the equipment also 
could be used in weapons testing or 
the production of fissile materials 
centra) to nuclear explosives. 

All the U.S. exports were condi- 
tioned on pledges by the buyer or 
seller that the items not be used for 
weapons work, the office said, add- 
ing dial it had uncovered no evi- 
dence that the equipment was illic- 
itly diverted to nuclear explosives 
work. But tbe report also said the 
executive branch had evidently 
made little effort to verify that buy- 
ers had kept their pledges. 

“These approvals increase the 
risk that VS. exports could con- 
tribute to nuclear proliferation — 
in some cases significantly." Joseph 
E. Kelley, the GAO’s director for 
international affairs issues, said at 
a Senate Governmental Affairs 
Committee hearing Tuesday. 

Several congressional aides de- 
scribed the report as the most com- 
prehensive and damning audit of 
the U.S. export control system 
since the 1991 Gulf War exposed a 
pattern of U.S. and allied sales to 
Iraqi buyers linked to nuclear and 
other military programs. 

The report indicated that at least 
from 1988 to 1992. Washington's 
habit of approving sensitive nucle- 
ar-related exports extended to at 
least semi other nations besides 
Irat) that were^ suspected devel- 
oping nuclear arms. None of the 
seven allowed any international in- 
spection of Its nuclear activities 
during this period. ' 

.“We haveall heard stories about 
sneaky procurement operations.'' 
said Senator John Glean, Demo- 
crat of Ohio, the committee chair- 

man. “But the news today is that 
many of these goods did not have 
to be smuggled into secret nuclear 

weapon facilities. They were avail- 
able over the counter-quality items, 
made in U.S.A." 

The auditors' report said Israel 
enjoyed an advantage over other 
nations in gening U.S. approval for 
purchases of high-technology 
equipment that can be used in it's 
nuclear weapons program. 

Of on estimated 880 licenses 
granted for exports to organiza- 
tions associated with Israel's nucle- 
ar program. 238 were for comput- 
ers that “were generally more 
powerful than any exported to sen- 
sitive end-users in other countries 
of concern." the report said. Some 
were more powerful than those 
used to develop many VS. nuclear 

By Stephen Labuton 

.Vnr iWi Tim,*c Srnnr 

WASHINGTON — Most of the wealth of 
President Bill Clinton and his w ife. 1 iillary. is m 
i he name of Mrs. Clinton, according to finan- 
cial disclosure forms issued hv the White 

Making public their statement for IW. the 
Clintons estimated their net wonh at between 
S633.UI5 and S1.62U.U00. The rules do not re- 
quire government officials to report their worth 
precisely, but only to declare their assets m 
ranges, and the Clintons have declined to pro- 
ride more specific figures. 

Last July, the family followed the custom of 
all modern presidents by setting up a blind 
trust. They pul most of their assets in the hand' 

of Joseph C. McNay. who runs Essex invest- 
ment Management of Boston. 

But even m the trust. thev continued to hold 
separate accounts lor the president, first lady 
and Chelsea. Mr. Clinton’s share of the blind 
trust was valued at between 515.001 and 
$50,000. and Chelsea's was worth between 
$1,001 and 515,000. The first ladv’s was put at 
between $500,001 and SI million. 

While House officials said the Clin tons' deci- 
sion to separate their assets in the trust was like 
many couples who hold separate accounts after 
they get married. 

Still, it was no surprise that Mrs. Clinton was 
worth considerably more, since she Has been the 
main family breadwinner through most of their 

Mrs. Clinton was a partner at one of Little 
Rock's most profitable law firms at the same 
time that her husband was one of the lowest- 
paid governors in the nation, earning $55,000 a 
year. When he moved to Washington, he got a 
raise, and he now- cams S200.000 annually. 

The White House also reported that the Clin- 
tons accepted about SI 1.000 in gifts last vear. 
including a picture frame valued at 5530 from 
Tom Hanks, a $ 1.200 painting from Carlv Si- 
mon and S255 worth of silk neckties from 
Donna Karan. 

The disclosure statement listed no liabilities. 
In 1992, they closed out their loan guarantee on 
Whitewater Development Co., the real estate 
venture now under scrutiny b\ the independent 
counsel on Whitewater. Robert B. Fiskc Jr. 

Can a Sitting President Be Sued lor Past Deeds? 

weapons, the report ieu'd. 

auditors said the State De- 
partment had explained the export 
licenses by citing "the overall U.S.- 
Israeli relationship and the U.S. 
policy of maintaining Israel's quali- 
tative military superiority over its 
neighbors." In 62 of the *238 com- 
puter licensing decisions. Washing- 
ton obtained direct assurances 
from the Israeli government that 
the equipment would not be used in 
n ud ear weapons work. 

But U.S Embassy officials in Is- 
rael “questioned the value" of such 
assurances, which typically were 
not verified, the report said, it list- 
ed only one example of an embas- 
sy's trying to verify the peaceful use 
of an unspecified high-tech export 
to “an end-user involved in Israel's 
unsafeguarded nuclear program." 
The verification procedure, the re- 
port said, was conducted by “an 
Israeli national'’ who interviewed a 

By Ruth Marcus 

ll'in/unfhMi I'mi &iT\h ,■ 


Justice Department is researching 
whether President Bill Clinton can 
be sued while in office fur acts he 
committed before taking office, ac- 
cording to administration officials. 

They said the White House 
counsel. Lloyd Culler, had asked 
the Justice Department's Office of 
Legal Counsel to look into the un- 
resolved legal question, an issue 
that could he at the heart or Mr. 
Clinton's efforts to deal with the 

lawsuit filed against him earlier this 

“We have asked them to look as 
the Justice Department at the is- 
sues involved in what you might 
call the public or presidency issues 
involved in a suit against a sitting 
president," Mr. Cutler said. 

The I aw sun by a former Arkan- 
sas state employee. Paula Corbin 
Jones, accuses Mr. Clinton, while 
governor, of violating her civil 
rights by sexually harassing her. 

Mr. Clinton’s private lawyer. 
Robert S. Bennett, has indicated 

that he may seek to block Miss 
Jones's suit by arguing that the 
president cannot he distracted in 
office by having to deal with pri- 
vate litigation against him. 

The Supreme Court ruled in 
1982 that presidents may never be 
sued in office or after departing for 
official acts as president. 

in that case, the court based its 
reasoning in port on the argument 
that it would be too burdensome to 
a president to have to defend him- 
self against civil lawsuits while Irv- 
ing to serve effectively as president. 

"Because of the singular impor- 
tance of the president's duties, di- 
version of hi* energies by concern 
w-ith private lawsuits would raise 
unique risks to the effective func- 
tioning of government.’' Justice 
Lewi* F. Powell Jr. wrote in that 

The court has never had occasion 
to consider the related question 
raised by Mis* Jones's case: wheth- 
er that immunity from suit also 
protects a president, at least during 
his time in office, from being sued 
for private acts. 

representative of the^urchaser and 

a public relations official at a gov- 
ernment commission. 

"The U2S. Embassy subsequent- 
ly recommended approval of live 
application based on the results" of 
these interviews, the report said. 

Such casual checks were com- 
monplace. the report suggested. On 
the few occasions that checks were 
made, embassy officials sent for- 
eign service nationals to inspect 
their own countries* installations. 
When UJS. personnel were in- 
volved, they typically were unfa- 
miliar with the equipment or the 
reason that its potential diversion 
had aroused concern, tbe auditors 

Other exports mentioned includ- 
ed 33 shipments of computers, laser 
equipment and pressure-measuring 
gear to India’s Bbabaha Atomic 
Research Center. The CIA says 
that the unmonitored research cen- 
ter is working on a hydrogen bomb. 

• l*n Mil .«ik«'T)r ImuwJ Pw . 

UNWELCOME WATT — Two of the 150 Haitians returned to their country by the U.S. Coast Guard waiting at the Port-au- 
Prince bus station to go hack to their hones in Petit-Goava. Since Friday, the United States has repatriated almost 800 Haitians. 

The Haze of Cigarette Smoke 

'All Victims of Concealment,’ Califano Says 

By Marlene Cimons 

. . Lus Angela Tima Service 

WASHINGTON — The secretary of health, 
education and welfare during the Carter adminis- 
tration has told Congress that had he and other 
federal. officials known more about secret tobacco 
industry research into the properties of nicotine 
they would have declared agamies addictive and 
moved to regulate them. 

- "Unfortunately, we were all victims of the con- 
cealment and disinformation campaign , of the to- 
bacco companies." said Joseph A. Califano Jr„ 
who once smoked as many as four packs a day but 
has since become an anti-tobacco crusader who 
calls tobacco “history's No. 1 serial killer." 

Testifying before the House Energy and Com- 
merce subcommittee on health and the environ- 
ment, which has been conducting an extensive 
investigation of the tobacco industry. Mr. Califano 
on Tuesday described an intense debate in 1978 
and 1979 over the government's role in regulating 

tobacco. * , .. , , 

He said Dr. William Polltn, then director of the 
National Institute of Drug Abuse, urged President 
Jimmy Carter's surgeon -general. Dr. Julius Ridi - 
motid, to pronounce cigarettes addictive. But Dr. 
Richmond resisted, citings lack of sufficient scien- 
tific evidence. Mr. Califano said- 
“Since we knew that the tobacco interests would 
attack any report we issued, we believed n was 
imperative that we be oft unimpeachable ground in 
all we said." Mr. Califano said. “1, therefore, 
agreed with Dr. Richmond, and we decided not to 
declare that cigarettes were addictive. 

The outcome of the dispute would have been 

different, “had we been privy to research" by 
industry added Mr. Califano, who now heads the 
Center on Addiction and Substance Abuse at Co- 
lumbia University in New York. 

In recent weeks, the growing debate over smok- 
ing has focused on whether nicotine is indeed 
addictive, as numerous medical experts have main- 
tained, and whether the tobacco industry has been 
manipulating levels of nicotine in cigarettes to 
keep smokers hooked on its products. 

Last month, chief executives from the seven 
leading U.S. tobacco companies denied under oath 
before Congress that they had been deliberately 
increasing nicotine levels in cigarettes and insisted 
that tbe substance is not addictive. 

But decades-old documents from at least one 
company, Brown & Williamson, which were re- 
cently leaked to the press and to anti-smoking 
members of Congress, indicated that executives 
there believed as early as 1 964 — when the first 
landmark surgeon general's smoking report was 
released — that nicotine was addictive. Moreover, 
other company papers show that the company had 
been working" on developing a safer cigarette, al- 
though it never marketed one. 

The subcommittee chairman. Henry A. Wax- 
man, Democrat of California, has scheduled an- 
other hearing Tor Friday and has asked the Brown 
& Williamson chairman. Thomas E. Sandefur Jr„ 
to appear. 

The company has claimed that the documents 
were stolen and are protected by attomey/clieni 
privilege. It has warned that quoting from them or 
discussing them publicly violates a court-ordered 

Gilbert Roland, 88, Dies, Actor 
Began as Latin Lover in Silents 

New York Tima Sent ir 
Gilbert Roland. 88. who began 
his career as a Latin Inver in .silent 
films and over four decades be- 
came one erf Hollywood’s ablest 
and most popular character actors, 
died of cancer Sunday in Beverly 
Hills. California. 

Mr. Roland was a native of Mex- 
ico. His father, paternal grandfa- 
ther and a great-grandfather were 
matadors, originally in Spain. 

A self-taught performer who in- 
variably wore a trim mustache, he 

approached competition with both 

i and tennis players with equal 
skill and determination. He was 
also a favorite subject of society 
writers in the early 1940s. when he 
was married to die actress Con- 
stance Bennett. 

Mr. Roland appeared in mure 
than 100 movies, first as an extra or 
bit player, then as the debonair 
wooer of a generation of film god- 
desses and later as a stylish, witty 
and authoritative fcaiured per- 

After serving in the U.S. Arms 
Air Forces in World War II. Mr. 
Roland portrayed a Cuban laborer 
with a poet's soul in “We Were 
Strangers" (1949). a roue in a polo 
coat eyeing the nubile Marilyn 
Monroe in “All About Eve" ( 1950), 
a malevolent ranch-squatter in 
“The Furies" ( 1950), a kindlv vil- 

lage priest in “The T«*rch” 1 1950). 
an idolized matador in “The Bull- 
fighter and the Lady" (1951 1 and a 
ruthless gangster in “M\ Six Con- 
victs” (1952). 

He was a sympathetic confidant 
to children in "The Miracle of Our 
Lady of Fatima" l l^SZl. a woman- 
izing actor in “The Bad and the 
Beautiful" 1 1 9531. a robust fisher- 
man in "Beneath the 1 2-Mile Reef” 
(1953) and a skillful trapeze and 
high- wire performer in “The Big 
Circus" (1959). 

Later, on television, he starred in 
two tong- running Westerns. “The 
Cisco Kid" and "The High Chapar- 

Alfred O.C. Nier, 8Z. 
Atomic- Age Pioneer 

fred O.C. Nier. 82. a physicist at the 
University of Minnesota whose 
early work on lead and uranium 
isotopes helped determine the age 
or the Earth and usher in the atom- 
ic age. died here Monday of injuries 
suffered in an automobile accident 
May 2. 

Mr. Nier's career was built on a 
high-resolution mass spectrometer 
lhat he designed and built while 
serving a two-year postdoctoral fel- 
lowship ai Harvard University be- 
ginning in 1936. With that device, 
he began a study of the isotopic 

composition of elements in the pe- 
riodic table. 

Bui it was his work on lead and 
the two main isotopes of uranium, 
U-235 and U-238. that contributed 
to the development of the atomic 
bomb. Mr. Nier’s research also led 
to a determination lhal the Earth is 
about 5 billion years old. 

Paul Shubnau. 72. the former 
U.S. Navy officer who went on to 
become the first commander of the 
Israeli Navy, died of heart disease 
Monday in Haifa. Israel. 

Jacques Koscusko-Morizet, 81. 
a former French ambassador to the 
United States, the United Nations 
and the North Atlantic Treaty Or- 
ganization. died Sunday in Paris. 

Alain Cuny, 85. a veteran actor 
known for his interpretations of 
Paul Claudel and Shakespeare, 
died Tuesday in Paris. 

Missiles Hit IBM in Athens* 

The Pm * 

ATHENS — Two anti-vank mis- 
siles hit the offices of IBM on 
Wednesday in central Athens, 
causing material damage but no 
injuries, the police said. The attack, 
by Marxist terrorists, was one of a 
series in the lasl 45 days against 
foreign companies in and around 
the Greek capital. 

U.S. Vows to Cut 
By One-Third 

Lot Angela Time* Service 

WASHINGTON — The secre- 
tary of housing and urban develop- 
ment, Henry G. Cisneros, unveiled 
a hew federal effort to combat ho- 
roclessncss and pledged that the 
Clinton administration would re- 
duce the number of homeless 
Americans by one-third before the 
end erf its first term. 

The adramistration contended m 


pfe are homeless., to 
minion people were without a per- 
manent residence atsome pton 1 be- 
tween 1985 and 1990. 

The administration promised to 
to give load governments, more re- 
sponsibility for creating compre- 
hensive programs t° «tabJish 
emergency bousing and -to tpea ; 
. substance abuse, mental dlness ao 
other problemsJhought to be attw 
root of homelessness. 

Away From Politics 

• A Mexican zoo official caught in a sting operation in which an 
American -agent dressed in a gorilla suit and thumped his chest has 
been found guilty in Miami of violating U.S. endangered species 
laws. Victor Benval, 57, faces up to 17 years to prison and almost $1 
million in fines for trying to pay $92^00 for a “gorilla" that turned 
outto be a U.S. Fish nno Wildlife Service agent in disguise. 

• Tbe vHk show host Ffcfl Donahue cannot videotape an execution for 
tdevision. North Carolina's highest court has ruled. Justice Sarah 
Parker, writing for the State Supreme Court, said neither the state 
nor U.S. Constitution gave Mr. Donahue or the condemned man the 
right to tape the execution. The court’s vote was not recorded. 

• A 9-year-oJd girt who (fid not like her teacher bribed classmates to 
blackmail him with false accusations of sexual abuse, the Chicago 
police said. She paid her classmates a dollar to lie. the police said. 
The teacher was cleared -when the children gave inconsistent state- 
ments and two of them, including the ringleader, admitted that they 
had made the story up. 

• ArtSwg in die case of a Ugh school principal who allegedly made 
racially derogatory remarks, the Justice Departmen t asked a federal 
court to Alabama to order school officials to explain why he should 
not be dismissed or reassigned. The principal at Randolph County 
High School, Hulond Humphries, threatened to cancel the school 
nrom if interracial couples attended and said the child of an 

prom it interracuu couples ... . . 

interracial conpte'was a “mistake," according to Justice motions 
Filed .in- Montgomery . . 

I AT. ■O'. aFt. up 



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Most Luxurious 
Beach and Golf 
Resort in Europe 

Tct: (35 1-89)50! MV 
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Or your nearest IHT office or representative. 



Health-Care Break for Small Companies? 

WASHINGTON — A leading Democratic moderate on health- 
care reform has offered a compromise on employer-provided health 
insurance, a move that could enliven the chance irf passing a bill with 
universal coverage in ihe Senate. 

In a meeting with Senate Democratic colleagues. Senator John B. 
Breaux, Democrat of Louisiana, outlined a proposal ihai would 
exempt companies with fewer than 1 1 employees from any mandate. 

“1 don't like mandates." he said, "but let's ask where they're had 
and let’s address the problem." Mr. Breaux is the co-sponsor with 
Representative Jim Cooper. Democrat of Tennessee, of a plan that 
does not contain the so-called employer mandate. 

Mr. Breaux called his proposal “an attempt to find a middle 
ground that is fair/' < ny>j 

A Millionaire’s Club on Supreme Court 

WASHINGTON — The nine members of ihe Supreme Court an: 
a wealthy bunch, with three millionaires — and Ruth Bader Gins- 
burg leads the pack. 

In financial statements. Justice Gins burg listed assets of between 
$3.7 million and $7.9 million. Sandra Day O'Connor and John Paul 
Stevens join her in the seven-figure categorv. Clarence Thomas 
brought up the rear with assets worth $80.000'to $275,000. Justices 
are required to list assets in broad dollar ranges, but they do not have 

io declare personal property. 
The justices also have to" d> 

declare gifts. Most mysterious was the 

listing of two paintings of unknown value given to David Soutcr hv a 
Patricia Andrews. Justice Thomas listed, among other thing.', cigars 
($150) and suspenders ($125), and Anihonv Kennedy put down 
shirts (S400V. 

And if Stephen Breyer is confirmed to fill retiring Justice Harry 
Blackmun's seat, he will bring the Millionaire’s Club to four. | H?J 

Social Security Is Coming of Age, at Last 

WASHINGTON — The House has voted to detach the Social 
Security Administration from the Department of Health and Hu- 
man Services and make it an independent agency, ostensibly to 
protect ils trove of money from the “political mischief" of free- 
spending bureaucrats. 

The bill approved Tuesday, by a vote of 413 to 0. would give the 
office a higher profile in Washington, where every droplet in the 
monthly gusher of benefits is a mailer of some political importance. 

The House bill is broadly similar to legislation that passed the 
Senate by a voice vote in March. \K YT) 

Democrats nominate Doctor in Oregon 

PORTLAND. Oregon — John Kitzhaber. the physician architect 
of Oregon's first-ia-ihe-nation health-care rationing plan, cousted to 
the Democratic nomination for governor and will face a former 
congressman. Denny Smith, in the fall. 

Dr. Kitzhaber. a former emergency room doctor, faced only token 
opposition in the primary Tuesday' from Paul Wells, who did not 
campaign and described himself in election documents as a house- 
wife. The Republican primary, in contrast, was a bitterly fought 
coniest between Mr. Smith and Craig Berkman. both millionaire 

With 90 percent of precincts reporting. Kitzhaber had 89 percent 
of the vote to 1 1 percent Tor Mr. Wells. Mr. Smith had 50 percent to 
Mr. Berkman 's 40 percenL 

The Kitzhaber plan is an effort to to increase the number of people 
eligible for medical care at public expense by restricting the types of 
services they can geL (A P) 

Quote /Unquote 

President Bill Ctinlon. addressing pupils at a middle school: “No 
one is entitled to instant gratification all the time, to get what they 
want when they want it, right now. You have to be willing to pav the 
price of time." (WP) 


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Rwanda Stand Reflects New U.S. Caution No Threat 

Bv Douglas Jehl full-scale mission forward has when w'e do tum to the UN. the approach o«n to playing a second- Ry 

AV» lnrit Times SiTvicf angered some other nations, which UN will be able to do the job/’ Ms- a*y role m a UN response. J " 

WASHINGTON — The blum see speed as essential if the United Albright told a House Foreign Af- With the vote late Monday night __ - ~ 

refusal of the United Stales to au- Nations is to help end six weeks of fairs subcommittee. in the Security Council, the United A j\jd In r f /iM 

diorizc the immediate disDJich of ^bal massacres that have left lens she said the administra don's in- States agreed to support only the f \j lo lUMl 

Bv Douglas Jehl 

A'en InrA Times 5 lTvici' 

WASHINGTON — The blum 
refusal of the United Stales to au- 
thorize the immediate dispatch of 
5,500 United Nations troops to 
Rwanda reflects a new caution 
from a While House now deter- 
mined to stand in the way of UN 
peacekeeping missions it regards as 
unwise, according to Ginton ad- 
ministration officials. 

In insisting that a first-wave UN 
force in Rwanda remain more 
modest, the administration has 
made clear that it intends to apply 
its rigid new constraints on peace- 
keeping to all UN operations, noi 
just the ones in which the United 
States might play a central role. 

The American demand that 
more planning be done before a 

full-scale mission go forward has 
angered some other nations, which 
see speed as essential if the United 
Nations is to help end six weeks of 
tribal massacres that have left tens 
of thousands of people dead. 

But after a year of setbacks for 
the United Nations in Somalia and 
other trouble spots. President Bill 
Onion’s top deputies said Tues- 
day that it was essential to prevent 
the United Nations from over- 
reaching now in Rwanda'and risk-' 
ing what credibility ii retains. 

In testimony before Congress.. 
Madeleine K. Albright the U.S. 
chief delegate to the United Na- 
tions, insisted Tuesday that it* 
would have been “folly'"’ for a UN 
force to venture quickly into the 
‘'maelstrom" in Central Africa. 

“We want to be confident that 

when we do tum to the UN. the 
UN will be able to do the job." Ms. 
Albright told a House Foreign Af- 
fairs subcommittee. 

She said the administration's in- 
sistence that the United Nations 
prepare more detailed plans before 
3 brigade-sized mission is sent to 
Rwanda represented the first test 
of “presidential decision directive 
25," issued by Mr. Clinton earlier 
this month, which calls for new 
U.S. prudence in peacefceepfng. 

ln a sign of new caution about 
humanitarian intervention, not one 
member of Congress countered 
that the Vailed Slates had a moral 
imperative to take action. Even 
with new- reports of killings emerg- 
ing from Rwanda, a senior admin- 
istration official defended as ap- 
propriate the painstaking U.S. 

Fraud Charged in Dominican Vote 

By Howard W. French Jr. 

Vck Yifk Timet Scnii.v 
can Republic — Tensions mounted 
here on Wednesday as vote count- 
ing for elections held Monday 
neared its end amid charges by the 
main opposition party that sup- 
porters of President Joaquin Bala- 
guer Ricardo had ngged the pro- 
cess in his favor. 

With more than three quarters of 
the vote counted. Mr. Baiaguer 
called himself the "virtual winner.” 
even though only about 3R.0U0 

To subscribe in Germ any 

lust call, tall free. 

0130 EU 85 85 

votes separated him from his near- 
est rival. Jose Francisco Pena Go- 
mez. The incumbent is seeking his 
seventh term in office. 

As Dominican Army and police 
units stepped up patrols in the cap- 
ital. performing spot inspections of 
many vehicles to search for arms. 
Mr. Pena Gomez. 57. appeared on 
television here to denounce what he 
said was a systematic electoral 
fraud aimed at blocking bis victory. 

“They are trying to Lrick us." he 

The leader of the Dominican 
Revolutionary Party said he was 
"| preparing to sue electoral officials 
I over their handling of the vote and 
I would demand a “ballot by ballot" 
I recount. 

In a critical appraisal of the elec- 
tions, Stephen J. Solaiz. a former 
Brooklyn representative who led an 
American observer delegation here, 
said thousands of Dominicans had 
been deliberately excluded from 
the voting process. 

The elections have come under 
special international scrutiny, in 
pan because of the Dominican Re- 
public's role in the political crisis in 
neighboring Haiti. Dipioiruk' say 
that Mr. Balaguer, 87. who has lone 
had strained relations with Haiti's 
exiled president, the Reverend 
Jean-Bertrand .Aristide, has done 
little to enforce international sanc- 
tions aimed at forcing the Haitian 
military to relinquish power. 

approach even to playing a second- 
ary role in a UN response. 

With the vote late Monday night 
in the Security Council, the United 
States agreed’ to support only the 
imm ediate dispatch of an 850- 
member Ghanaian force to the air- 
port in Kigali the Rwandan capi- 
tal and the transfer of 150 UN 
military observers to positions in 
outlying regions. 

On Tuesdav. administration offi- 
cials admitted that their refusal to 
approve a larger peacekeeping 
force also reflected a disagreement 
with the UN secretary-general. Bu- 
rros Burros Ghali, who has recom- 
mended that UN iroops be sent 
directly to Kigali a step the United 
States regards as unwise. 

In her testimony, Ms. Albright 
told Congress that the United 
States believed that the peacekeep- 
ers could play a useful role in 
Rwanda and "would be ready to 
agree to a large mission. 

But she said the administration 
had believed it vital that Mr. Burros 
Ghali first win firm commitments 
from troop-contributing nations, 
gauge the response of Rwanda’s 
warring factions, and spell out 
more clearly what the UN peace- 
keepers could do and how they 
could eventually be withdrawn. 

As an alternative to Mr. Bulros 
Ghali’s plan to send all 5,500 UN 
troops directly to Kigali, the Unit- 
ed States favors a strategy that firal 
would deploy them along Rwan- 
da's southern and western borders, 
where American officials believe ci- 
vilians may be in greatest peril. 

Only later tinder that “outside 
in” approach would the bulk of 
UN forces be moved toward the 
capital and the Rwandan interior. 

lic declaration of loyalty. South Af- 
rica’s white mi titary eta* offered 
an effective "no coup" plcdgp on 
Wednesday to their new black po- 
litical leaders. 

It was tbe most striking sign yet 
that tbe old apartheid state's war 
machine is fully under the com- 
mand of onetime black outlaws 
who now run the country. 

The assurance came from Gener- 
al Georg Meiring, who heads the 
renamed South African National 
Defense Force, which is integrating 
former guerrillas with regular 
iroops over the next three years. 

A counterinsurgency expert and 
once-dedicated foe of the now-gov- 
erning African National Congress, 
the general told the Sowetan, a 
black newspaper, that the military 
was not “a threat” to President 
Nelson Mandela's government. 

“As long as there are men with 
weapons in their hands, there will 
always be a danger that they will 
use them in an undisciplined way.” 
General Meiring told the paper. 

Asked if the defense force would 
be a threat to Mr. Mandela's fledg- 
ling government of national unity, 
be said be did not believe so. A 
well-disciplined force is less likely 
to be “used indiscriminately," be 

He also promised there would be 
black generals on merit in the 
white-led. 70,000- member army, 
navy and air force. 



In a 'Revolution 9 lor the British, 
Highe r Education Gains Ground - 

As hundreds or thousands of students prepare 
for the examinations that a re- a spring ritaal in 
Britain, policymakers are grappling with a surpris- 
ing trend: Most 16-year-olds will not abandon 
their books when the tests are over and compulsory 
schooling officially ends. 

Po&tsecondaiy education, once the pursuit of the 
privileged few. is expanding rapidly in Britain, 
reports The Washington Post 

“Years ago, nothing but a handful went to 
college,” said Mike Read, prisripal of the Geoffrey 
Chaucer School in London’s tough Southwark 
neighborhood. “The vast bulk went into jobs. 
There was no future in them, though-” 

- Now, Britain is beginning to abandon long- 
standing practices that led to anderachievement, a 
poorly skilled work force anti a society divided by 
the aspirations of its people. 

In 1988, when tire surge in postsecondary enroll- . 
ment began, fewer than half of all 16-ycar-oids 
continued in school or in training, and only. 15- 
percent of 18-year-olds entered a university. To- 
day, almost three-quarters of the country’s second- 
ary school graduates stay on tor at least another 
year, and 31 percent opt for a university degree. 

For many years after Work! War IL mostteen- 
agers left school at 15, and university spaces were 
reserved for a social and professional elite. ~ 

“It's a revolution.” said ST John Cassdls, direc- . 
tor of a national commission that has proposed 
radical chang es in education. - 

The impact of the boom is evident throughout-; 
society, as students postpone earnings, schools 
break ground for new dormitories, employers seek 
older, more qualified wankers, and politicians con- 
sider how to pay for a mass education system like; 
that long enjoyed in other industrialized countries. 

iYi (Dili PPTAtnia 

" r. rrri 

■v t-ih. niii: 


law applies to all the 430,000 Swiss men, thrcwg 
age 5?; whose, menial or physical haniaps 
vent them from doing nrifltery service. JJ* ■ - 
collects some 120 mflbon Swiss Jrancs (SS5 mil 
lionl through the lax each year. - 

France’s urban efite fc attracted to its own kind, 
more than ever in this centmy. Two ymmg socul 
researchers, Cyril Grange and Luc AnaodeL 

French socwl elite, from 1 903 to tbe present- They 

found .that among, sons of urban couples uj me 
j* nf mucks in 

uvuira were mumi iurr«. 

pSrbnl for girls. -The angle factor toarmosi in- 
creased c ha nces of .an .'inter-JBottin” marriage was 
the fathers membership in. the prestigious Saint- 
OoudgotfcUib; having afather who was an arusu 
architect or journalist considerably lowered the 
dunces..’:' ■ r 1 ’• ;- 

Twenty-two years after it opened as the site of 
some of the- world's most striking architecture. 
Olympic Park in Mamch is falling apart. Recently, 
a 500rkflogram H , 100-pound) section of concrete 
facing fell off a building and landed in a parking 
lot near Barbara Rode, one of the 12,000 tenants of 
the complex's apartments- There are hundreds of 
such dabs in. the park; some weighing 2 tons. 
Resid ents also complain of crumbting roads and 
sid e w alks. The company mana ging the site says 30 
million Deutsche marks .{$18 mnlion). has been . 

spent on repairs; it’s estimated that 50 million DM 
moie.will be needed. . <•' . ’ 

• Brian .Kxiowlton 


unicef # 

United Nations Children's Fund 

The Urmed Njrions Children i Fund, with headquarters in New 
York and ottices ihroughoui ihe world, seeks qua li tied candidates 
for Ihe following position: 

Beijing, CHINA 

Under the overall guidance or ihe Reiiresemative and Senior 
Programme and Planning Officer, serve as ihe specialist in ihe areas of 
pc- lie, planning, social and economic analysis of factors affecting the 
situation oi children in China and provide technical support to the 
planning, monitoring and evaluation of the countn programme. 

Minimum qualifications: Advanced university degree in social sci- 
ences with specialized training in development planning, monitor- 
ing and evaluation and statistical analysis in social context. Ten 
vears of progressive experience at national and international levels 
in planning, monitoring and evaluation ca social devefopmenf pro- 
grammes particularly in developing countries. Proven ability to 
Conceptualize, plan and manage programmes as well as to transfer 
knowledge and skills. Leadership and organizational ability. Good 
analytical, negotiation communication and advocacy skills. .Ability 
lii work in an international or multicultural environment, 
knowledge of computer management and applications. Fluencv in 
English and anorher UN working language, knowledge •>! Chinese 
f. Mandarin i language desirable. 

UNICEF, as part ot the United Nations common system, offers 
competitive international salaries, benefits and allowances. 

Please send detailed resume, in English, quoting reference VN-94- 
052 to- Recruitment & Placement Section, UNICEF, 3 United 
Nations Plaza, IH-5F), New York. NY 10017. USA. 

Qualified women are encouraged to apply. Applications for this posi- 
tion must be received hv |une 2, 1994 Acknowledgement will only 
be sent to short-listed candidates under serious consideration. 

L’NICEF is ; smiA e-l’ree en, iron mem i 

The International Federation of Red Cross 
and Red Crescent Societies 


Public Affairs Department 

TMs posit. or. tt-c^e'snip t; o: ; eiai-naMs -?f o public 

..-■foimcrior./c.^biic: r p.cTOmnj |i-.a: p'ornofe: the 
F-rdeioti env v.-or. wiri.-j-.-. ,■->?. i-ief-.Kii'i 3 ccnoepluoiisohon o! me 
prCJ'Ctmm*. Cota-run? ;-iQ?.rT *r t juPp-rt *Or if tjrrl 
imc^imevor^n n-.oraa i ?~' c .' r * jrd oi a -ost-jn recerts to 

me Secretary n-eneio: ?, ct me.-r.Le> ■;.? r-rai-ooemeci gtcup 

Key «eos of Resporvsibirriies: lends ar.o me- ages •t'e Public Affairs 
Oec-zdrrienl v/:fn Cirre-nM; " van rerncetl =."SU>e5 ir.terryjtio-C' 
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Advnej or.d rroins s^-oret-oric! m p r icjcj*T , i-:-.i i^-ppitmeriis. tieid 

de'eqcfi cm c. *f.e p.jbl:c O^O'*: c.o'.t at in=?c rjorv 

'deri’tities v*riie.s phot ag* 3 oners -ecp'ir*'; ■/.if'd-.vide to 
underrate Federal: r. ond rtahonai oeN ci:>5rpn-,me 
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print, rodlp-. T.-. ..dea proto e'hipi* mo'er-olj.'ng ot senpts. 
arncies. r»e.--'sietters. report;: ed.t'np pi ^-itteri ar.d broedsost 
rrore’iat fimefr col drottor. of responses to -.romofion m au.nej 

(requirements. t/n.-/er'i. L # degree w»"X?n of X vop-s «r» 

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cnmrnijrnca lie n, 'public relations, un.vers.f. p-jbliSh-r..;, oorparate 
industrial roJatoris. i-aKijr reiafioris political C'Trwgrj mancgener.r 
cnaUsh and Frenct' essential, o’her larguages an additional asset 
Computer rJe*ocy Famlilonh- with modern n-ancaer-ent lecnnfques 
r-rit is Dosed m Geneva Tho feceroti; r . is an eaua 1 oppodunily 

Applications 1C te sent to me Huma-i u-ces "epertment p y ;uV 

International federation of Ped Cioss and Rod Crescent Societies 
PO. Box 372. CH 1211 Geneva 19. 



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■>■ taints? 


In a Final Cascad 
Israelis Quit the Caza Strip 

By Clvde Ha!vrm.,« 

By Clyde Haberman 

AVv ) ork Tmm Scrvur 

xJr AZ/ i“L Rel,e ' eJ abou * laying 
down (he burden but nervouf 

ba l5 «d cora- 
G£f? ? *™V‘ withdrawal on 
edn«day from Palestinian towns 
and refugee districts in the Gaza 

Mlgcd Urn this land belonged to the 
Palestinian people, it meant they 
know their presence on this land is 
drega!." General Yousef said ai a 
news conference. 

“This is a transitional period.” 
the general said. “But finally they 
leave— '* “ 

, /it *L lh ? soldicre’ departure, un- 

f " a f final "*«* of stones and 
jeers from young Gazans deter- 

will leave — settlers and forces." 

Anticipating ihe imminent end 
to its occupation. Israel began 
moving equipment out of Gaza 

Up [>c 1 \ 



c 'Cm 

ouned that the Israelis would be- raan 3 r wec I £s ago. Last week, it 
Palestinian sdf-ruJe withdrawing soldiers in 

went hilly into effect, as it did davs fashion, abandoning one 

ago in the West Bank town of Jefi- or tw ° oul P osls at a lime and al- 
ch °- ways at night, to avoid rocks and 

« does not mean that Israeli ' 5u “ els as much as possible, 
forces will disappear here. Israel For the most part, the bil-at-a- 

The soldiers were gone, and Pal- 
estinians celebrated with cheers, 
hugs, tears and automatic rifle fire 
— long bursts into the air by fresh- 
ly arrived police officers and bv 
anued young men who form mili- 
tias that the new authorities must 
ran in. So many bullets were fired 
that one commander said his forces 
had exhausted most of the ammu- 
nition that they brought with them 
from Egypt and Jordan. 

Gaza is the key to success or 
failure, Palestinians and Israelis 
agree, and security will be a central 
issue. One test will be what hap- 


Reports No 

On Golan 


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>■ jh- 

Knorin ■ 


Vi orid leader in 
Telecom municaiitts 





ZafC 0 & 1 


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agreement on self-rule with the Pal- 
atine Liberation Organization al- 
lows troops to remain at the bor- 
ders and in buffer zones around 
Gaza s 19 Jewish settlements — ar- 
eas that, combined, make up more 
lhan one-third of the coastal strip 
But for the first time since Israel 

?f ler ils wiMy in the 

Rnnrv!?^ C I EasI ^‘ ar - of the 
oUO.OOQ people in Gaza's cities and 

camps are free of Israeli soldiers in 
their daily lives. 

The end to the 27-year ocropa- 
P® n m corrects a tremendous mis- 
take, Foreign Minister Shimon 
Peres said. 

The commander of the new Pal- 
estinian forces. Major General 
Nasser Yousef, asserted that al- 
though Gaza was not yet fully free 
of the Israelis. “It is on the way to 

"When the Israelis acknowl 

n part, 

time transfer of authority went 
smoothly, with the Israelis'pulling 
out or bases and Palestinian forces 
moving in within minutes by prior 

But on the final night, stretching 
into early Wednesday, hundreds of 

pens to the roughly 5,000 Jewish 
stay behind 

settlers who stay 

On Thursday. Israeli and Pales- 
tinian forces are scheduled to begin 
joint patrols cm several main roads, 
including those connecting settle- 
ments to Israel. The difficulty of 
their task was underlined when Pal- 
estinian gunmen ambushed and 

■ ' v WMVOAJ4**, UUUUICIU Gl dwmiiMI OlUUUdllCU iiUU 

Gazan youths gathered at the few wounded an Israeli who was driv- 
r on ai nin g army outposts to make mg to the Netzarim settlement, a 
dear that the last Israelis i 

— in Gaza 

City would be leaving on the ran. 
not in a dignified mardi. 

These children of the intifada, as 
their anti-Israel uprising is railed in 
Arabic, (fid what they have done 
every day for years: They pelted 
the soldiers with stones. 

And the Israelis responded in 
fa m ili a r fashion, with volleys of 
tear gas that sent acrid fumes drift- 
ing across the city one more time. 

Well before daybreak, it was 

small enclave just south of Gaza 
city that is isolated from the major 
bloc of Jewish communities on the 
Mediterranean coast. 

As for the militant Islamic group 
Hamas, a rival for power and a firm 
opponent or peace talks with Israel. 
General Yousef said that he had 
met its officials and foresaw “no 
problems" with them or with then- 
armed wing that is responsible for 
many lethal attacks on Israelis. 

Hamas is a pan of our nation," 
he said. “They are brothers.” 


Continued from Page I 

By Steven Greenhouse 

New York Tima Service 

CAIRO — Secretary of State 
Warren M. Christopher ended four 
days of intensive diplomacy be- 
tween Syria and Israel on Wednes- 
day, saying that no breakthrough 
was in the offing and that the par- 
ties were not ready to resume face- 
to-face talks. 

Mr. Christopher said the two 
longtime antagonists preferred to 
continue with the current format of 
indirect talks in which he serves as 
intermediary and hops between the 
two coun tries. Several officials said 
Mr. Christopher would probably 
would return to the Middle East in 
the middle of June to push the 
Syria-lsrael talks forward. 

Mr. Christopher flew from Israel 
to Damascus, in his second trip 
there in four days and met for more 
than four hours with President Ha- 
fez Assad. Mr. Christopher then 
Dew to Cairo to talk with President 
Hosni Mubarak of Egypt about the 
Syria-lsrael talks and Pales iinian 
self-rule in parts of the occupied 

Saying he did not warn to breach 
the confidence of Israel or Syria, 
Mr. Christopher refused to' say 
whether there was any progress in 
his talks with Mr. Assad. 

After the meeting, a spokesman 
for the Syrian president said that 
major differences remained be- 
tween Syria and Israel. 

According to officials. Israel has 

Page 5 

- ^ -v 


A Clarification 

Mr. Arafat kissing a spectator Wednesday in Oslo after paying tribute to Nonray's peattrote^ ^ 

Coatmued from Page 1 

achieve real peace, in spite of all the 
challenges we are facing." 
m Earlier, Mr. Peres vowed that 
“no act of terror, no action against 
us. will charge our course" toward 
achieving peace across all the re- 
gion. and thanked the Norwegian 
people for helping io "navigate" 
the peace process. 

President Carter had invited Mr. ’ 
Pens and Mr. Arafat to Oslo to 
join ceremonies organized by Car- 
ter-Menil Human Rights Founda- 
tion, which this year chose to honor 
the people of Norway for its leader- 
ship and commitment toward < 
peace in the Middle East 

As a gift to Norway, Mr. Carter 
unveiled a monument by the late 
American sculptor Tony Smith. 
The sculpture, a stark black arch 
“Marriage," is situated on 
a hiU above the Oslo harbor. 

Later. Mr. Carter presented a 
check for $100,000 to the Institute 
of AppHed Social Science, the Nor- 
wegian organization that fostered 
at least 14 rounds of secret negotia- 
tions between Israel and the PLO 
last year, along with Norway's for- 
eign minister at the time. Johan 
Jorgen Holst. 

Mr. Holst died this year after 
suffering a stroke. 

„ Mr- Carter said he had been 
“somewhat embarrassed” last Sep- 
tember that the Norwegian offi- 
cials bad not been singled out for 
more praise, when President Bill 
Clinton gathered world leaders on 
the lawn of White House for the 
signing of the Israel-PLO accord. 



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( a 

aty he added, referring to the 
summit meeting at that time be- 
tween Mr. Clinton and Prime Min- 
ister Morihiro Hosokawa. 

But Mr. Kantor told Bloomberg 
that there was no U.S. deadline for 
completion of the trade talks. 

“We don't put any time limits," 
be sitid. “It’s not productive.’’ 

His remarks and those of Mr. 
Summers came a day before a 
scheduled meeting in Washington 
of senior American and Japanese 
trade officials. The talks could pro- 
duce fresh movement by Tokyo to- 

ward satisfying at least some of 
Washington's desires. 

The meeting, between Mr. Kan- 
tor and Japan’s vice minister for 
trade, Sozaburc Okamatsu, is ex- 
pected to take up issues that were 
left unresolved in February by Mr. 
Clinton and Mr. Hosokawa. An 
effort to narrow the gap before the 
next Group of Seven summit meet- 
ing would be likely. Leaders of the 
seven leading industrial nations are 
to meet in Italy in July. 

According to accounts reported 

in Tokyo but not independently 
confirmed, the Japanese team may 
be ready to accept specific targets 

in RWemmml rnnnuwmm 

Mr. Summers said Wednesday 
that many people were under the 
impression, incorrectly, that Wash- 
ington wanted “hard numerical tar- 
gets" in nongovernment trade sec- 

The Japanese daily Nihon Keizai 
Shimbun reported that Japanese 
negotiators were expected to pro- 
pose selling “some criteria” to 
gauge Japanese government pro- 
curement of various products, ac- 
cording to Agence-France Presse. 

Foreign Minister Koji Kakizawa 
raid earlier this week that Japan 
“might show some numerical 
gauges over government procure- 

mpnt ** tha : j r 

fiwuiuuig IU UIIILtdO, IhRtCl ^ ^ 

proposed a three-stage withdrawal IU - A Tll/ r 'I7 r riO ^ . 

eight years and is demanding to Calm Returns After Fed Increases Rates 

return peace and normalized rda- Continued from Page I tired, and the only reason it may Wall Street for Europe. The busi- 
u . rales and repeal the one- two punch *tot stay calm is the dollar." said ness cycle in Europe is finally mm- 

I^SS tori? that strengthened the dollar rarlier Goldmgcr ofCapitaf Insight in mg upwhile theLLS. nxovLv no 

uunng tne inp Uiat they are ihi« mnnih Los Anaeles. A lot of mnnpv now innsw i .j 

clear during the trip that they are 
completely behind Israel’s calf for a 
full peace and normalization with 
Syria. In a speech in Washington 
on Tuesday. W. Anthony Lake, the 
national security adviser, said the 
administration insisted on “a real 
peace," which he said must include 
full diplomatic relations, open bor- 
ders for people and trade, and pro- 
... - _ - " 

noting joint economic projects. 



Mr. Lake also said 
would help ensure that Israel 
would remain secure after a peace 
agreement with Syria. “The United 

this month. 

Furthermore. Treasury Secretary 
Uoyd Bentsen tipped his hand- 
when he disclosed Wednesday 
morning on the from page of The 
Washington Post that he bad 
played tennis with the Federal Re- 
serve chairman, Alan Greenspan, 
on Sunday and told him, “1 didn’t 
want to get into a Chinese water 
torture on interest rates." 

This was music to the ears of ihe 
bond market, which has been 
pleading with the Fed to abandon 

Los Angeles. “A lot of money now 
is going into currencies, commod- 
ities and the ofl market. Everybody 
is showing up at the poker table 
and boasting he has a full house, 
but I’m not sure anybody does. 
That's what we’ll find out in the 
markets themselves.” 

States stands ready to participate its tortuous process of tightening 
in the security arrangements that and administer all its medicine in 

tbeparties negotiate, """he said. 



political prisoners and common 

Jjog, the report said China may still 
nold thousands of other prisoners' 
nationwide. The Chinese autbori- 

•crimes, a .■■term usually applied to 
.‘political prisoners. 

, President Bill Clinton is expect- 
•ed to announce his decision next 
Iweek cm whether to renew China’s 
; “most -favored-nation" trade sta- 
tus, which allows imports into the 
•United States al the lowest possible 

• Mr. Climon has said be will not 
.'renew the status unless China has 
■made “significant, overall pro- 
egress" in several rights areas, in- 
rduding the treatment of poGtical 
prisoners. But the administration is 
under increasing pressure from the 
UjS. business community and some 
members of the Congress to renew 
the trading status without condi- 

said that China must stop its ex- 
ports of prison-labor goods to the 
United States if the trading status 
is to be renewed 

The report said that a 50-y ear- 
old man serving a 16-year sentence 
at Beijing’s No. 2 Prison for “coun- 
lerrevolntioiiaiy arson” inserted a 
note into a package of latex gloves 
for export last September. He was 
discovered by another prisoner, 
placed in a solitary confinement, 
and beaten repeatedly by guards 
using electric batons^ the repot 

The prisoners detailed in the re- 
port are all in Beijing Na 2 Prison, 
where many political prisoners are 
held, and Qmghe Farm, a labor- 

o' cl ranauonai monitoring 

posed to be a showcase for an in- 1 hat would patrol the Golan 
spection in January by the Interna- Heights after an Israeli withdrawal 
uonal Conumtieeof the Red Cross. He also suggested that the adminis- 

on^th a £f^ t £ pm ' tration would provide equipment 

^ fo^mr electronic early-w^j^s\^- 
^.":!5°^^= e _^ lon .? d - tem that Israel has prijpos^Tor E 

which Isra 

one dose. The administration of 
that dose was bad news for dollar 
holders because it meant there was 
no more immediately available. 
That sent money into other mar- 
kets looking for volatility that 
could bring quick profits. 

“The government bond market is 

In Europe, investors have been 
so badly burned this year by the 
poor performance of bonds and the 
dollar that they are not rushing 
back into Wall Street “For the dol- 
lar to advance, you need to have 
investment flows into dollar assets, 
and that is not yet happening," 
Andres Drobny of CS First Boston 
in London said. 

longer has last year’s head of steam, 
largely powered by an unrepeata- 
ble cut in mortgage rates and catch- 
up automobile buying aided by low 
auto loan rates. 

Indeed, John Smith, president of 
General Motors, said Wednesday 
that the Fed’s higher interest rates 
would probably slow GM sales. 
That, of course, was exactly what 
the Fed had in mind, since the Big 
Three auto companies have just 
started to raise prices to capitalize 
on the past year’s car boom. 

Attention will probably shift 
away from the Fed for die time 
being. David Resler of Nomura Se- 
curities forecast that the United 






The U.S. State Department said * n 
Wednesday that Mr. Arafat’s call * « 
for a jihad to liberate Jerusalem 1 l 
was inconsistent with commit- — e - 
meats he made in the September c 
accord with Israel, Reuters report- — 
ed from Washington. 

The Slate Department spokes- 
man, Mike McCiiny, said that Sec- 
retary of State Warren M. Christo- 
pher had instructed the U.S. 
ambassador to Norway to seek an 
immediate clarification of the re- 
marks from Mr. Arafat 
The secretary of state “believes 
that the comments attributed to 
Arafat were inconsistent with com- 
mitments made by the PLO to both 
Israel and the world community" 
in the Declaration of Principles 
signed on Sept. 13. Mr. McCurry 
said in a written statement 
In the agreement, the Palestine 
Liberation Organization agreed 
not to use violence or terror, but to 
negotiate peacefuDy on the future 

. 1 

Mr. Rolley of DRI/McGraw 
Hill pointed out that Japanese 
money is coming home from from 
Wall Street to help Japanese com- 
panies reliquefy, and that invest- 
ment money has also been leaving 

- — — u,., uh. vuu«i ubgvuaLc peaceiuuy on tne allure •*« 

States now “will enjoy moderate, status of Jerusalem, which Palestin- 
low-inflation growth.” lans want as their capital -'b. In 

Nmnrne, he said. “I hope the “As the process of implemeoia- h a 

v T hope th- 

Fed wiD do a better job of selling its 
strategy and turning around policy 
in a way the market can under- 


tion goes forward, it is essential 
that Chairman Arafat live up to 
these solemn commitments," Mr. 
McCurry said. 





tes . 









; ' 






ministration that China is making 
progress on the humanitarian treat- 
ment of its prisoners, another of the 
human rights conditions linked to 

The visit never took place, but to 
prepare for the visit, prison au- 
thorities ordered prisoners to buy 
new bedsheets. moved sick prison- 
ers and those with “unattractive 

Golan Heights, which Israel cap- 
tured from Syria in 1967. 

Earlier, officials involved in the 
mediation between Israel and Syr- 
ia, said Damascus had shown a 
keen interest in an Israeli offer for a 
three-stage pu flout in exchange for 

Israel wanted international mon- 
itors and electronic devices in- 

N . ’ MkVtlVUiV uoiua in 

?£K anC ?- «5 a* 85 10 ^ stalled on the plateau, and a demili 

wsited, and mstaHed glass panes in tarized zone extending to 
me windows, which are normally neighboring pans of Syria, the offi- 
blocked with paper m winter. The dais said. 

50 hastily ’ Syria responded with consider- 
repon sarf, that there was no time able interest, prompting Mr. Chris- 

^bysSTf thepaneSwerehdd l0 P her ’ s retuni 10 Damascus after 

his talks in Israel. 

Despite some recent releases of 
political and religious prisoners, Tj) a TVrjTk 

KAUIO: U.S. Highlights a Beijing Gesture on Rights 

significantly in the last vear. ------ — - - 

a — a;—, a. 

According to one published re- 
port, the government is preparing 
to charge China’s most prominent 
political dissident. Wri Jingsheng 

Continued from Page I 
largely met these two “mandatory" 
conditions. He cited the recent 
agreement between China and the 
Ini led States curbing prison labor 

with treason. The Foreign Ministry ■"T"* “«* 

'■ ’ ‘'sheer fabrics- the recent easing up by 

« i Hemne no rwisin mcoflpniv 

called the report a succr lomui- „ • • n 
don.” nie government has been 
investigating Mr. Wei for unsped- 

fled “nwerimes” since taking him “““J Iwman-nghis groups 

into ^todyApril 1. d,s ^f^ symbohe gestures atbest 

^ ... — the administration appeared to 

According to a government di- be Hying to lay some groundwork 
>r4ivp Mr Wm is in trouble for r : j.i.. Jl. j . . 

. - uc uymg ID lay some grounaworK 

rectiye, Mr. Wet is in trouble for f or w b a t ^ widely expected to be a 
meeting the State Department s decision by the president to renew 
lop human nghts official m F»ro- china’s trade benefits bv the June 3 

China’s trade benefits by the June 3 
aiy and urging him to teU Mr. Clrn- deadline, with a few symbolic con- 

rim® nn nnTYinn ■*. 

ton to pressure China on human ditions. 
rights. The authorities have also ^ House said Wednes- 
soHght to portray Wa as a man of day that limited sanctions' were 
loose morals. They tried unsuccess- among the options that should be 

L.H.. U L.... hrichanit ■ V , ... 

— j j7".. , aiiiuus uic woons uiai suouia oe 

fully to have the estranged husband considered. “Certainly those are 

m m mm. Hr.— ■ ' 1 'AVI A Yl IlfPCC .1 ■ . . 

fully to. — wtiai uM tAL VUtdUH) muse SIC 

of ms secretary, Tong XL pi]*® among the questions that would 
charges of adultery against him, ^ave to be evaluaied,** Rniters 
dissidents said. Miss Tong is also in quoted the White House spokes- 
policemtody. woman. Dee Dee Myers, as saying . 

Mr. Wei was paroled last Sep- (“No final decisions have been 
umber after 14V4 years in prison made;” she said. “We’re reviewing 
for his prchdeniocracy activities, the situation, reviewing progress 
He ignored police orders to stop his that’s been made, and the presidenl 

will have a final decision and an- 
nouncement soon.”] 

Many top officials seem to be 
coming to the conclusion that the 
public would easily accept a deci- 
sion by the president to renew the 
trade status and to pul this annual 
trade threat ritual behind him. 
They say that would be worth tak- 
ingsome hits from editorial writers. 

But officials said that a decision 
still had lobe made about the con- 
ditions that will be attached to lhat 
renewal, and that that would de- 
pend in part on what the Chinese 
do in the next few days. 

Some advocate that the presi- 
dent renew China's trade status 
across the board, but couple it with 
political and diplomatic initiatives 
that would underscore a continued 
American commitment to human 


sion with Beijing to address hu- 
man-rights issues, according to 
Representative Jim McDermott. 
Democrat of Washington, who or- 
ganized the letter. 

Others in the Slate Department 
and among the liberal Democratic 
wing in Congress argue that the 
president should renew China’s 
trade status with certain excep- 
tions. They contend that it would 
be politically too embarrassing, 
and morally too dishonest, for the 
president to climb all the way down 
on his China policy. 

The betting in Congress is that 
Mr. Clinton’s final decision will be 
a blend of these two approaches. 
That is, he would renew China's 
ttwe sums, and couple that with a 
cau for the creation of a bilateral 
human -rights commission with 

flits. MFimuiMiun wan 

For instance, 106 members of the SX ° f C T~ 

[Rise nf Rnrvcmi r aura tor American companies do- 

Hoj* of Represents tives L from 

both parties, wrote to Mr. Climon 
on .Tuesday asking him to renew 
China's trade status unconditional- 
ly and to create a bilateral commis- 

symbolic economic sanction to ac- 
knowledge the fact that China has' 
not fulfilled all of the administra- 
tion s human-rights demands. 



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Page 6 

THURSDAY, MAY 19. 1994- 

, - - - -l* 1- * .JQhfc 

P I 

Page 25 

Hera lb 

: : r« -v..-. 



feritmiM The Way Ahead for China: More Change 

•rut u isuiNicrnN' hivi' w V 

Don’t Leap Into Rwanda 

The Clinton administration has rightly re- 
sisted a clamor for instantly expanding a 
minuscule United Nations peacekeeping 
force to halt the human carnage in Rwanda. 
An ill-planned military debacle might only 
deepen the conflict there and jeopardize 
peacekeeping missions elsewhere. 

The United States did agree on Tuesday to 
a Security Council resolution that authorizes 
sending up to 5,500 blue helmets once Secre- 
tary-General fiutros Bulros Ghali reports 
back on these key matters; how such a force 
would be deployed and for what purpose: 
available resources; the consent of Rwandan 
factions to a United Nations presence; pro- 
gress toward a cease-fire; how long such a UN 
mandate would Iasi. The U.S. role would be 
solely logistic; there is no thought or commit- 
ting American ground troops. 

It is simple prudence for the United Nations 
not to leap into an empty swimming pool. 
However anguishing the slaughter, there is now 
no effective international force for ending iL As 
Madeleine Albright, the VS envoy to the 
United Nations, noted on Tuesday, peacekeep- 
ing operations are clumsy affairs that are fi- 
nanced and am by separate member nations. 

Rwanda’s capital, Kigali, is now a battle- 
ground between a ■'government" led by ma- 
jority Hums and a rebel army led by minority 

Prudent Money Policy 

The decision by the Federal Reserve to 
raise short-term interest rates surprised no 
one; The increase by half of one percentage 
point was twice as high as many economist* 
believe is warranted. Yet in an uncertain eco- 
nomic environment, the Fed's decision is a 
defensible move to ward off future bouts of 
inflation and bring order to volatile currency 
and financial markets. 

Some will criticize the Fed's move as un 
unnecessary blow to economic growth. Others 
will say it should have raised rates even high- 
er. The squabbling reflects disagreement 
about the best way for the Fed to set monetary 
policy in order to achieve steady growth with- 
out igniting inflation. The Fed’s effort since 
February to nudge interest rates higher one 
step at a time is within prudent guidelines. 

The economy is moving along at a 3 or 4 
percent annua) clip. Growth puis upward 
pressure on interest rales as businesses bor- 
row money to expand capacity. If the Fed 
were to keep interest rates low. it would have 
to pump more and more money into the 
economy to satisfy the demand for loans — a 
misguided policy that would stimulate an 
economy that is already growing and thereby 
trigger higher inflation. 

But how high should the Fed set short-term 
rates? The arguments for steep increases in- 

clude .-teddy growth, falling unemployment 
and factories operating near capacity. By the 
end of the year, unemployment is expected to 
drop well below 6 percent, a range tfui could 
ignite wage and price inflation. To keep that 
from happening, the Fed ha.- to >tart now to 
rein in the money supply. 

On the other hand, unemployment remains 
above 6 percent, retail sales arc lagging and 
there is no current evidence ihal inflation is 
rising. The Fed has thus been forced to 
choose. Should it keep rales lou. thereby 
risking rapid growth, rising inflation and a 
day of reckoning when it might be forced into 
a clampdown that could send ihe economy 
into a l a Lispin'.’ Or should n lift rates, risking a 
slowdown in economic activity? 

The Fed chose the latter course — and (he 
reaction in financial markets was favorable. 
Banks raised their prime rates, the bads for 
many consumer loans. But long-term rates in 
financial markets tumble*! Apparently traders 
decided that the Fed"- decision proved that 
inflation would not creep higher. They thus hid 
down long-term rates, which incorporate their 
expectation about future inflation. The Fed's 
three previous rate increases did not turn the 
economy sour. Nor. judging from Tuesday’s 
market reaction, will the fourth. 


Waiting for Damascus 

Secretary of State Warren Christopher gave 
a useful boost to the new Palestinian autono- 
my regime by traveling to Jericho and resting 
his security briefly in Palestinian hands. From 
this point on. however, such symbolic gestures 
are bound to play a diminishing pan. The 

process of building an administration that its 
builders hope to turn into a state shifts ever 

builders hope to turn into a state shifts ever 
more responsibility into Palestinian hands. 
Expanding contacts between Israelis and Pal- 
estinians will be the medium of their further 
mutual progress. Others can assist buL in- 
creasingly. only at the margins. In matters 
lying between Israel and Syria, however, 
things are different. There, in the absence or 
real contacts and some confidence, the United 
Stales has a mediator’s role. Mr. Christopher 
is working at it this week. He has been pre- 
senting a newly elaborated Israeli position 
and trying to elicit a Syrian response. IF the 
exchange starts to warm, he could help the 
parties bridge the inevitable gaps. 

For months Prime Minister Yitzhak Rabin 
had been saying that Israel had to digest the 
Palestinian accord first before moving on to 
the tough but central Syria case. Now Israel 
has done that digesting — despite the slaugh- 
ter of Arabs at Hebron, despite the lulling or 
Jews in the West Bank and Israel proper. On 
Tuesday there were more deaths. Bul Mr. 

Rabin has indicated important new flexibility 
on questions of territorial withdrawal and 
abandonment of Israeli settlements in the 
Syrian Golan. He has set aside an earlier 
limited negotiating Formula, which cot no- 
where. and Iran-milled to President Hafez 
-Assad a strategic "package" on withdrawal, 
peace, security, timing and phases. Mr. Rabin 
means to draw the Syrian leader into a Full 
dialogue on the issues that matter most lo 
them both. Israelis are wailing for a “click" of 
Syrian response to that whole package. 

Dialogue with Israel is not what vnu would 
call Mr. Assad's natural mode. He i- more 
comfortable with terse minimal exchanges fil- 
tered through a third parly on points princi- 
pally of interest to Syria. It i- not at all clejr 
that it means more to him w play the national- 
ist and reclaim the Golan than lo play the 
militant and keep using the territory as an issue 
demonstrating Syria’s ami- Israel defiance. 

But Mr. Assad knows Mr. Rabin as the 
Israeli with whom he negotiated a solid and 
strategically beneficial disengagement accord 
20 years ago. He can see the region and the 
world changing, not necessarily to Sv ria's ad- 
vantage. He knows, or ought to. t fun if Syria 
does not grab the ring this time around, no one 
can predict when it will come around again. 

— THE lY.-tStnytITOX POST. 

Other Comment 

The WEU Is Still in Limbo 

The Western European Union's decision 
to admit six East European countries and 
three Baltic states as “associate members” is 
notable more for the defense grouping's ow n 
future than Tor any solace it might offer 
countries vainly knocking at the doors of the 
North Atlantic Treaty Organization for full 
membership. The truth is that the WEU. 
formed in 1954. has uniil recent years been 
a largely forgotten organization. 

Before the European Community — the 
present European Union — discovered its 
own inadequacies in the killing fields of the 
former Yugoslavia, dreams of a potential 
European superpower in the post-Cold War 
world went hand in hand with a commensu- 
rate defense arm provided by the WEU. 
The United States and Britain iooked to the 

union with some suspicion, because they 
felt it would be at the expense of NATO. 
The Clinton administration has taken a 
more positive line and agreed at a summit 
meeting in January thaf the WEU could 
undertake military operation- on iL- own in 
situations in which NATO did not want to 
involve itself, using NATO infrastructure. 
The French-German Eurocorps i> another 
nascent concept which could be expanded 
lo provide the sinew- of a future Euro- 
pean defense arm. 

Still, the WEU remains j •ymbol and hj> 
vet to emerge out of ns shed. The fault lies 
with the member state- of the European 
Union and the lack of j clear definition of 
future goals. For the WEU remains ho-laae 
to lack of consensus and disagreements on 
what the future Europe -hould'be. 

— A'fei/ny Tima • 

International Herald Tribune 




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tv. etr.- hi ami. 

B EIJING — China's eomomy has grown 
at an average annual rate of 9 percent 

Tutsis in a civil war that resumed when the 
Rwandan president died on April 6 in a mys- 
terious air crash. Reports or ethnic -laughter 
are horrifying and credible, but military facts 
are far from clear. Jt does seem feasible to 
move quickly lo create safe havens Tor refu- 
gees near Rwanda's frontiers, and to send I5U 
UN military observers to determine where 
rival armies are deployed. 

The UN resolution also calls lor the imme- 
diate di.spaich of a mechanized hattalion of 
850 peacekeepers from Ghana to reinforce i he 
small UN contingent of 400 in Kigali and to 
maintain security at the airport. Sending the 
Ghanaian.-, who are among the best soldiers 
in Africa, can assure that the airport remain- 
open to humanitarian agendo and offer some 
hope to thousands of Rwandan.- who have 
sought UN protection. 

Doubtless these steps will not .sati-f% hu- 
man rights group- that appeal for major inter- 
national action to save live.- and prevent eth- 
nic slaughter. But to enter this conflict 
without a defined mission or a plausible mili- 
tary plan risks a repetition of the debacle in 
Somalia. If the United Nations’ reach once 
again exceeds its gra-p. us Madeleine Albright 
warns, “we will only further undermine UN 
credibility and support." 

— rwf.vfu YORK 77 MS. 

-D at an average annual rate of 9 percent 
since 1978. per capita incomes doubled in the 
decade to I9S7. This is an accomplishment 
that took the United States about 50 years to 
achieve, and Japan almost 35 years, during 
their rise to industrial maturity. 

China's annual exports increased by an 
average of around 17 percent from 1979 to 
1992. Last year China attracted about 40 
percent of oJJ foreign direct investment in the 
developing world. By any economic yard- 
stick. these are phenomenal achievements. 

From the outseL however. Chinese leaders 
have had a clear vision of development as 
something that cannot be measured solely in 
terms of money. Improvement in ihe quality 
of the lives of the people has been a priority. 

Progress during ihe last generation has 
been dramatic. Life expectancy has doubled. 
Infant morality has fallen by 75 percent, and 
adult illiteracy by almost two-thirds. Since 
1978. an estimated 170 million people have 
been lifted out of absolute poverty. Few soci- 
eties in history have made such sweeping 
progress in so short a time. 

Underlying this achievement has been a 
carefully managed evolution from a planned 
to a market economy. In the past 15 years 
China has expanded the role of markets and 
the scope for competition in the domestic 
economy. From 1979 to i9S5. ibis led to the 
fastesi-ever sustained growth in agriculture. 

China has opened its economy increasingly 
to the outside world. This has brought in 
large-scale foreign investment, introduced 
new technology, management systems, and 
international quality and cost standards, 
leading lo a more than sevenfold expansion 
in exports since 197k. 

China has promoted entrepreneurship in 
small enterprises in rural areas. They now 
account fora third of all exports, a quarter of 
industrial output and about 90 million jobs. 

Despite these impressive advances, much 
remains lo be done to complete the transition 
and to realize China'- vision of a "socialist 
market" economy — a concept which in- 
volves not only continued growth and a 
strengthening of economic and financial in- 
stitutions. but also steady improvement in the 
quality of people’.- lives. This vision can be 
realized only through j determined effort to 
manage the forces of change and make recent 
achievements sustainable. 

Bv Ernest Stern 

The writer is marusing director uf the World 
Bunk. This is the first of two articles. 

Three major dements will shape the fu- 
ture: the external environment domestic 
challenges, and ensuring die quality and 
stability of growth. 

The global economy is undergoing funda- 
mental changes with the increasing integra- 
tion of capital and other markets; ibo revolu- 
tion in economic management that empha- 
sizes private sector approaches; global and 
instant communications and access to data: 
rapid technological progress transcending na- 

of economic gravity. U is ihus rime f* 
not just to respond to external conditions, but 
to help shape them. Two areas are particular- 
ly critical: trade and investmenL 
On trade, substantial progress has been 
made in recent years, and both imports and 
exports have grown rapidly. Nevertheless. 

China’s tariffs and quantitative resmeuons 
- . .i . i.*_i CflAi .\ma TnP 

While recent economic expahskstli 

spectacular, it has takeapla»a®am^§j^ 
jround of severe imbalance 
and income groups, rapid Hjtggig 

welfare among people 

inn environmental dcstructtO^ anap^S;^^ 
bouts of high inflation. In 
very high growth rates have Pecntargogiftfag 
result of very high investmem.Ttrtfir^ aj ^^ 

remain among the highest m EuUW ■ l ne ifflderI ^ n _ i^es of produrtm'tjr4ffl#« 

lime is ripe to launch a bold piogram of ^ ^jdjessed; 

import liberalization that assures a steatfr ^ vor jdxride e^seriefe|^ 

reduction m quantitative resincfions, consoh- - j^tabflire iiimoiflrt&S 

dauon of (arilfs into fewer categories ai lower SSSSftl 

dation of tariffs into fewer categones ai lower inajmel 

rates, and a simpler customs administralion. "SSsSHBS 

TBic ftirthM- nrvnino »n wnuM contnbutC h° aoo S 00 ” . 

* 2 sS 22 SSE&m 

lo makmgChma a full member ofdiemKraa- ^ pattern^ 

'SttSPZSSS'iS growth , -rnririfeafSlSSm 

China has long been a center of 
civilisation. Now it is also being 
looked upon as a potential 
center of economic gravity. It is 
thus time for China not just to 
respond to external conditions, 
but to help shape them. 

u'onal boundaries: and the general lowering 
of trade barriers that culminated in ihe recent 
signing of the Uruguay Round agreemenL 

The relative position of East Asia and Chi- 
na in the global economy is abo changing 
fundamentally. The exports of Lbe United 
States. Japan and the European Community 
to East Asia increased by 35 percent from 
1988 to 1991. The value of East Asia's annual 
imports, more than S800 billion, exceeds that 
of Lhe United States. 

But it has been imra-reeiona] trade, strong- 
ly related to joint venture investments, that 
has been growing most rapidly, h expanded 
by 72 percent in the four years to 1991. 

East Asia has the potential ic> become one of 

tionai trading community. It would also bene- 
fit domestic consumers by gradually intro- 
ducing competitive pressures for quality at 
lower prices. Moreover, greater openness will 
generate greater employment. 

China has been an attractive destination 
for foreign capital in recent years. Net direct 
investment from overseas in 1993 amounted 
to $20 billion. But, as other countries have 
discovered in the past, some of those flows 
can be volatile. Steps must be taken not only 
to ensure that China's investment dimate 
remains competitive, but also to encourage 
high-quality investmenL lo support improved 
technology and financial services, for exam- 
ple. That kind of investment will facilitate 

China's “hookup'’ to the global economy and 
enhance its leadership role. 

The second major force of change is die 
special problem that all large nations with 
many different regions and constituencies 
face. A balance has to be found between 
economic growth and equality of opportuni- 
ty; between local interests and national inter- 
ests: between rural and urban needs; between 
centralization and participation. 

To be competitive in the global arena re- 
quires agility. This in turn requires a large 
degree of decentralization, private initiative 
and strong institutions so that lbe country is 
diverse and flexible and can react to change 
with minimal disruption. It also requires a 
framework of incentives, regulatory supervi- 
sion and taxation that can ensure fairness and 

Ihe major growth poles of the global economy 
by the year 2000. China's performance will be a 
kev factor. What China doev therefore, makes 

heating, a matter of serious 

Despite the government s adopuonrfAg? 
rective measures last summer, 
major Chinese cities reached ato fthfl 
cent in 1993. The crucial chaHenae nowas?^ 

c omp lement the govenmrent-aqiiHa^^Sffe 

measures already adopted 
ket- based instruments and 
promote long-term stabilization. 

Such reforms would indudei^^pg^g 
cal and monetary discipline; ^-exp^lMga^ 
strengthening the indqpendence^aridnuQ^ 
ity of the central bank; assuring ihat^gfe 
bankin g system operates on. a; eomutuct^ 
basis in the allocation of credit arid madag^ 
ment of portfolios: restructuring the banfe* 
twn, particularly the fiscal xdabonsh^c^ 
tween the central and provincial authpritj^ 
and strengthening regulatory framem c^ks^ g 
create more transparent ral^based 8ysasn|jg 

These measures would help toinirigatfc^E 
immediate overbearing problem, 
mesric resource allocation and . 
continuing flows of capital into. Chm&CQwg 
will also hdp to lay the found ation s; 
modern economy, increase prodiwriyjtyS9<§ 
build the flexibility needed to adjust qcwfe 
to changing drcumstances. . 

State enterprise reform is anotherarezr77Sj3 
quiring urgent attention. . r 

a big diff«rence to the rest of lhe world. 

In the sweep of history, the country has 
long been a center of civilization. Now it is 
also being looked upon as a potential center 

equity. Building that capacity requires contin- 
uous investment in learning and broadening 

participation in economic decision-making. 

The quality and stability of growth is the 
third element that will shape China's future. 

7Xir common was adapted by the Iraerriaads^ 
al Herald Tribune from an address. lost wiekft£fk, 
an international conference m Beying^ . 

future tg China’s ectwwny, organized - 
Harold Tribune and China's State Comndi 

for Restructuring Economic Systems. 

• • • 

Iji Britaia, Too, a Centrist-Inclined New Generation on the Leif! 

L ondon — what Bin ciimon be- 
• nan in .America. Tonv Blair and 

1—t gan in .America. Tony Blair and 
his centrist allies in the Labor Party 
now have a chance to complete in 
Britain. They could achieve a trans- 
Atiantic generational chance ihaL 
would transform politics and policies 
in both countries and perhaps in the 
Atlantic alliance. 

The sudden death of the Labor 
leader John Smith last week and the 
opening of a contest of succession 
have turned the British political land- 
scape into a scene that closely resem- 
bles America, circa 1992: 

Tired, visionless incumbents ex- 
hausted by a long run in power face 
inexperienced challengers' hungry to 
win and wired into the new. free- 
floating concerns of the electorate. 
Voters may well confront a choice 
betw een inexperience and exhaustion 
when the) go to the polls here. too. 

That at least is how the contest will 
look if Mr. Blair. 41. the talented and 
disciplined odds-on favorite to suc- 
ceed Mr. Smith, wins Labor's leader- 
ship contest this summer. As Mr. 
Clinton did with the Democrats. Mr. 
Blair must first tame Labor's doctri- 
naire left wing if he is to go on lo win 
the general election likely to he called 
in the next 24 months. 

Drawing political comparisons 
across national boundaries is usually 
pointless and misleading, even in 
countries as similar as the United 
Slates and Britain. Local concerns, 
idiosyncracies and traditions unfamil- 
iar id the comparison-drawer can out- 
weigh the more visible resemblances. 

But since the end of the Cold War 
the political ground di«s seem to be 
moving in the same direction in the 
major nations of the Atlantic com- 
munity. In America, Britain. Germa- 
ny and France, centrists of a liberal 
cast have captured or are on the verge 
of capturing major parties that have 
been under the control of doctrinaire 
left-wing activists for much of the 
pasi two decades. 

By Jim H Oakland 

These centrists advertise their be- 
lief in change, private enterprise and 
•toughness on crime rather than any 
attachment to doctrine. They are 
seeking new and broader bases of 
support for large popular parties 
once dependent on labor unions. 

Germany's elections in October of- 
fer the next bsg opportunity for the 
swing of the pendulum to continue. 
The older conservatives of Chancel- 
lor Helmut Kohl’s ruling coalition 
currently trail the revitalized Social 
Democrats, led by Rudolf Scharping. 
46. in opinion polls. 

In France ever out of step with its 
partners, the Socialist ore likely to 
lose the presidency next year. But they 
are likely to continue under Michel 
Record's leadership to move away 
from their Marxist- influenced pasL 
it is here in Britain that Mr. Clin- 

ton's breaking of the generational 
mold in politics may have its greatest 

impact 1 know no keener foreign 
student of Mr. Clinton's successful 

student of Mr. Clinton's successful 
drive for the presidency than Mr. 
Blair, a fairly regular visitor to the 
United States in recent years and an 
articulate, perceptive observer of the 
American political scene. 

Such travel and reporting are a 
measure of the ambition and the skill 
of Mr. Blair, who is Labor's spokes- 
man on domestic affairs. His com- 
mand of domestic issues frequently 
gives him the better of the House of 
Commons debates with his opposite 
number in the Conservative cabinet 

and economics, are termed “modern- 
izers" for their work in leading Labor 
away from rigid positions on issues 
that lost the party four successive 
elections: nuclear disarmamenL tax 
increases, opposition to European 
economic integration and the power 
of labor unions. 

In an important measure of how- 
far the Cold War has receded in shap- 
ing domestic politics, none of those 
issues figure prominently in the jock- 
eying to succeed Mr. Smith. 

Instead, if Mr. Brown edges out his 
friend Mr. Blair it may well be be- 
cause he attended state schools in 
Scotland while Mr. Blair was educat- 
ed at private schools. Mr. Blair’s 
commitment to class warfare is sus- 

and helps mark him as the leading 
candidate to succeed Mr. Smith. 55. 
who died of a heart attack on May 1 2. 

Mr. Blair and Gordon Brown. 43. 
w ho is Labor’s spokesman on finance 

pect among Labor’s “traditionalists" 
from England’s north because of his 

from England’s north because of his 
popularity with the middle-class and 
upper-iniddle-cbss communities of 
souLhcni England that have faithfully 

supported Margaret Thajchw-.^n^ 
the Conservatives. •. . . r: 

The new Labor leader wifi be' chb- j 
sen by an innovative electoral college. 

in which at least a miffioaparty them- : 
ben willvote, probably mJujy.-pbe- 
proccss will resemble a Democratic.; 
Party primary season. Mr. . Blair’s 
widely acknowledged telegenic ap- < 
peal could bededsTveinajoraii open 
contest and would cause many to. 
conclude that British petition have, 
been seriously “ Americanized" . 

There would be some truth to that. 
Tony Blair would be as impressive 
candidate'on either sidepHherAdan- 
tic. But there are larger forces at work 
in the politics of the Allan tic commu- 
nity that have to do witit generational 
renewal and managerial competence 
on social issues. The contest shaping 
up in Britain will show if Clinttmism 
is a trans-Atlantic phenomenon. ■ 

The Washington Post 

Wliile Labor Regroups, Tories Squabble in Decline 

P ARIS — The death ’last week of 
the British Labor Party’s leader. 
John Smith, casts both of Brilain’? 
leading panics into uncertainty. Mr. 
Smith had done much to lead Labor 
away from the left-wing sectarianism 
that has kepi it from office for the 
better pari of two decades. That 
struggle has resumed as Labor looks 
for a new leader, but in circumstances 
which see the governing Conserva- 
tives in grave political difficulties. 

The Conservatives' problems fo- 
cus on Europe, although the party's 
divisions run deeper than that. The 
most recent eruption of dissidence 
has seen a demand by the party’s 
right wing for a new national refer- 
endum on Britain's role in Europe. 
After 22 years in the Community, a 
sizable part of the British popula- 
tion still is not convinced that Europe 

By William Pfaff 

is where they really want to belong. 

However, the European club is 
papular with Labor voters, and what 
goes on among the Conservatives is 
mostly sport for the Tories, a way of 

tormenting John Major, the prime 
minister. There was a referendum in 

minister. There was a referendum in 
1975 over continued British member- 
ship in the Community, which pro- 
duced nearlya2-to-l national major- 
ity in favor of Europe. Today nothing 
indicates that the same question 
would not get the same answer. 

However, the referendum now de- 
manded would ask a different ques- 
tion: whether, in line with the pro- 
grams set out in the Maastricht treaty. 
Brilain should go still deeper into Eu- 
rope. accepting a common currency 
and aligning its foreign and security 

policies with those of its neighbors. 

The question of Europe’s further 
integration is an exotic concern for 
the moment. It will not come up be- 
fore a Maastricht treaty review con- 
ference in 1996. If that conference 
should decide on new programs of 
integration, the British public might 
vote “no" in a referendum. But that is 
two ifs away, and Europe is in such 
disarray at the moment that one must 
doubt that in 1996 the British would 
find much of interest lo vote againsL 

The proposal for a referendum on 
Europe contributes lo the present 
surrealism of Tory politics, where an 
endless struggle goes on over leader- 

ship of the party, in recent local elec- 
tions the Conservatives experienced 

America ’s Know-Nothings Are Back 

N EW YORK — Those residents 
of his district in Texas who like 

1 v of his district in Texjs who like 
to pop off without bothering with 
facts or fine points must surely feel 
ably represented by Dick Armey, 
their man in the House of Represen- 
tatives. His reputation for quick-on- 
the-draw characterizations was re- 
inforced the other day when, during 
discussion of abortion coverage in a 
national health care package, he de- 
scribed women who chose the pro- 
cedure as “%elf-tndulgem" and 
“damned careless.” 

This conjures up the kind of per- 
son who some suspect accounts for 
the vast majority of abortions in 
America: a 16-vear-old on her third 
boyfriend and fourth pregnancy 
who skips school, swears by the 
soaps and thinks idly that someday 
she might get around to the Pill. 

It’s a great stereotype for those, 
like the congressman, who oppose 
legal abortion. But in Tact only a 
quarter of all abortions arc per- 
formed on teenagers. About 17 per- 
cent of the women who have the 
procedure are married. In 19ST, one 
out of every six abortion patients 

described herself as a bom-again or 
evangelical Christian. More than 
half the abortion patients in one 
survey said they had been using birth 
control when they became pregnant. 

The truth is that there is no ste- 
reotypical abortion patient, wheth- 
er in her indulgence of self or in her 
absence of earc. It is only cheaply 
convenient to pretend there is. 

But Mr. .Armey is not alone in his 
use of stereotype, myth and deeply- 
held nonsense as an adjunct to pub- 
lic policy, what we in the news biz 

By Anna Quindien 

call never letting the facts get in the 
way of a good story. 

In Florida a school board hasjust 
passed a resolution requiring teach- 
ers to make clear in the classroom 
that America is “unquestionably su- 
perior” lo any other society, culture 
or political system in all of human 
history. The board’s chairwoman, 
who had also championed the teach- 
ing of creationism in the science cur- 
riculum. responded to a statewide 
policy on multicultural education by 
passing a counter-resolution that 
would 'require students to be taught 
that “we are the best of the best." 

This, explained one of her allies, 
will make them more enthusiastic if 
they ever go to war. 

It would he soothing to learn 
that the members of the board 
came to this conclusion after an 
exhaustive study of the Greek and 
Roman empires, the Malian Re- 
naissance. the Industrial Revolu- 
tion. Zen Buddhism and Hammu- 
rabi. But they are of the opinion 
ihal none of ihal is necessary. 

“Our form of government is su- 
perior to other nations because n 
has survived when others have fall- 
en." said one member of the school 
board majority, apparently un- 
aware of the fact that, in the span 
of world history. America’s two 
centuries are as the blink of an eye. 

In this one official act the mem- 
bers of the board have taught Ihe 
students of Lake County. Florida, 
some overarching concepts that are 
bigger than math or history, writing 

or study skills. That fact-finding is 
unnecessary and jingoism is a quick 
and easy substitute for intellectual 
rigor. That catch phrases and con- 
clusions are more valid than critical 
thinking and individual opinion. 

It is so much easier to spit out 
stereotypes about women who have 
abortions than to study statistics 
and talk to real people about their 
real reasons. It is so much easier lo 
assume that you are superior than 
to take the time to learn about and 
dissect other cultures. The first is 
not responsible representation, the 
second not real education. But never 
mind; here only conclusions count. 

Perhaps the poor history teachers 
m Florida saddled with this new 
policy would find it useful to do a 
unit on a political movement that 
took much of America by storm 
more than a century ago by appeal- 
ing to fear of widespread immigra- 
tion and the resulting introduction 
of other cultures into America's 
towns and cities. 

The group prospered by foment- 
ing hatred against new arrivals: the 
Germans, the Irish, above all the 
Catholics. Prominent politicians 
joined the ranks, and fcar-monger- 
ing managed to land some of the 
best known in high office. 

The group was called the Know- 
Nothings, and certain history- 
books conclude that their move- 
ment went bust less than two de- 
cades after it began. But some dav> 
you have to wonder whether the 
Know-Nothings have been resur- 
rected. more worthy of the name 
than ever before. 

Thtr.Ne*' Turk Tunes , 

uqns the Conservatives experienced 
disaster, worse even than had been 
expected, losing a third of the local 
government offices they previously 
had held. Polls show Tory popularity 
presently at the lowest point in the 
historical record. Another Tory di- 
saster is foreseen in elections for the 
European Parliament next month. 

Prime Minister Major is accord- 
ingly under terrific pressure to quit — 
or be ousted in a coup like the one 
which turned Margaret Thatcher out 
three and a half years ago. No parlia- 
mentary election is necessary before 
1997, but the Tories cannot expect to 
stumble on through the scandals and 
blunders that have been their recent 
experience and still win again. 

Margaret Thatcher both reinvigo- 
raled the Conservative Party during 
her 1 1 years in power and niined it 

for her successors. She destroyed' the: 
old Tory party, dominated for gener- 
ations by futricians, their nominees 
from the middle class who wanted to 
become patricians and the new rich : 
who wanted to be treated as patri- 
cians. Their policies served their own 
interests, but took for granted a larj^ : 
er social responsibility, even if this 
was paternalist in inspiration. - j i 
Mrs. Thatcher, handed Ihe party 
over to upwardly mobfle go-getters of : 
lower-middle and working class ori- 
gins who despised the patricians for; 
their softness and paternalism, and io- 
a band of radical theorists who believe' 
that the social conscience is an obsta- : 
de to the proper functioning of ihe 
economic marketplace, sole dettrmi-: 
nam of human value and progress. . 

The result is a soulless party. This* 
is the real cause of its present difficult 
ties. The obsession of its current lead- 
ers is with power itself, rather titan ] 
with power in order to accomplish’ 
something. Mrs. Thatcher thought 
she was making a better Britain by. 

causing radical change. The present j 
leadership lacks that excuse. 

Power, of course, is what inspires 
political careers everywhere, but-suc- 
cessful political careers ordinarily in- ■ 
corporate some larger ambition. There 
is no sign of Larger ambition in the; 
struggle now being waged over the: 
unfortunate Mr. Major’s succession. 

There is in the parallel competition ; 
for the leadership of the Labor Party. , 
That could make the difference when! 
a general election finally arrives. 

International Herald Tribune.. . 

® Lot Angeles Times Syndicated ■ ■ = 

1894: f A Perfect Misery 5 w *th the help of their secret agen ts i 

LONDON — William Cranfield. 
thirty-five, a one- Jogged organ grind- 
er. was charged at Lambeth yesterday 
| May 18) with having assaulted his 
wife. The prosecutrix said he re- 
turned home drank, banged her head 
and then kicked her. She jumped out 
of the window. Mr. Biron: “Has he 
thrashed you before?” Prosecutrix; 
“Oh yes! My life has been a perfect 
misery. He is a good husband when 
sober.” The prisoner said he had 
greal provocation. He could not 
have hurt his wife much as he had 
only one leg, Prosecutrix: “He has 
thrown his wooden leg at me many 
times.” The prisoner was remanded. 

wild me Help or tneir secret agents m] 
Berne, they have spread in Switzer-^ 
land the report that, since the Anrn- 1 
slice, thirty-six Swiss have been iiii-i 
prisoned in Belgium, violently] 
attacked by the people in the Brussels! 
streets, and brutally Heated in jaifcj 
The incident shows that Germany,- 
whflt begging admittance to 
League of Nations, is still doingnlfj 
she tan to stir up international strife. 1 

1944: Missionaries Die 

AUSTRALIA — [From our 

Vork edition:] A Roman Caihofic' 
bishop and fifty-nine other mission*.' 
aries were killed outright oi died oH 
injuries when Allied planes strafed it 
Japanese prison ship off tht-NenS 
Guinea coast, it was asserted here] 

1919: German Mischief 

BRUSSELS —The Germans, hoping 

sassssE ass® 

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How to Alienate Friends 
And Embolden Enemies 

By E. J. Dionne Jr. 

• W “ President BUI and Clinton aides let ii be known that 

« r/™ 100 * pooucal enemies truly his nomination was inuninetU. 

j mS™ **“ defcit, «* hu- Enter Senator Onin Hatch with the 

\ k .c&enual task of the ridiculous smear that Mr. Babbitt 1 

; moment. His 
» a way that 
| interest in his 

deal allies do not act in 
strata a comoarahte 
. come 
policy. Bui 

was a 

i i™ 51 1X1 “s personal success. Oh v 
• Democrats and liberals will mostly coi 
J to Mr. Clinton's defense on policy. B 

favorite of the “far left." Mr. Hatch, a 

Utah Republican, does not much like 

Mr. Babbitt’s efforts to get Western 
ranchers to pay something closer to mar- 
ket rates for die use of federal lands, and 

• h . L a. r™’J' aw IlllUIUI UM. UM U1 ICUCIill litnai. 

1 I ier v* as P*? 1 “tlie rallying around the he pledged to battle against him. 

I pres den tin ins times ofpersooal trouble. Mr. Hatch's attack on Mr. Babbitt as 

* xa ,nere J?* Mr. Clinton's point or some son of leftist ideologue was ob- 
» !rr Y' a ctiai J lax> ' e explanation for this surd. Mr. Babbitt was the prototype of 
•JS? lhaI “Stains pan of the the moderate “New Democrat" wiwn he 
i uutn. fits conservative enemies under- ran for president in 1988. And it seemed 

| stand the stakes of his presidency better 
I w 1 l , £ erals Conservatives' see in 
i *" r - Clinton a man who might, over 
i time, restore popular faith in active gov- 
j eminent, who is willing io raise taxes on 
, the rich, offer a sweeping health care 
1 plan, lake on and beat the National 
, Rifle Association. Worse for the conser- 

clear, even to Republicans, that he 
would win confirmation. Moreover. Mr. 

Clinton had publicly considered and 
jected Mr. Babbitt for the court 

las ( 

year. Would the president do this twice 
to someone who was carrying one of the 

toughest portfolios in his government? 
t. Cunii 


. . r-<- ■ — -.—Hon cut and ran, dispiriting 

| Tif • vc ?Vi ,r .- Chiton is adept at stealing supporters who thought that he meant 
I their best issues — crime, welfare re- woat be said about looking for a differ- 
« form, even family responsibility. ent kind of justice this time out. 

Conservatives simply cannot risk see- "1 do feel that be sometimes can be 

I , ' _ ~ wmivv lion J uv IVi.1 UWV UV WIIKUI1IQ Ulli UC 

, mg Mr. Clinton succeed. And some in pushed and pulled by political consider- 
| ranks are calling to do anything to aliens, polls, whatever. Senator Patrick 
i defeat him, even if that means dragging Leahy. Democrat of Vermont, said on 
; public life down into the gutter. “Face the Nation" Sunday. “And you 

! Liberals, on the other hand, seem more have to stand up every so often and just 
, eager to moan privately about Mr. Clin- saw ‘I nnlr thic ic tuhat I’m onlna m Art ' ” 

j — . say, ‘Lot*, this is what I’m gang to do. 

j ton s flaws and to argue that he is not Mr. Clinton, of course, has taken on 
; going far enough on this issue or that one more than his share of big rights. And 
i than to join in defending a common pro- there is nothing immoral about compro- 

( jecL Toe health care issue is a case in 

• point. While die enemies of reform were 
) gearing up, friends of universal coverage 
i were spending much of their time Jobby- 
j ing for pet causes — expanded mental 
i health coverage, for example — and 
| whining about problems with the Clinton 
i approach. Supporters of health reform 
| spent so much time fighting one another 
i that they did not notice the heavy guns 
■' pouring in shells from the opposing 
\ camp, which started winning the broader 
j battle over whether there will be any 
j health bill avail tins yeas. 

; If the story ended there; one could 
; argue that poor Bill Clinton is simply the 
■ victim of conservative bloody-mmded- 
>- ness and libera! self-destructiveness. But 
there is more to it. Mr. Clinton has 
contrived to make this problem much 
worse by seeming at crucial moments to 
be irresolute, even bewildered. Last 
week’s bizarre quest far a Supreme 
. Court justice is the latest example of Mr. 

‘ Clinton's propensity to alienate friends 
and embolden enemies. 

■pie difficulty does not lie with his 
' ultimate choice. Judge Stephen Breyer. 
an intelligent moderate much respected 

* within the federal judiciary.' But Mr. 

’ Clinton took a defensible choice and 

turned it into a personal defeat. For it 
' was he who let the word go forth that he 
- was not really crazy about Judge Breyer, 

I that he wanted to name a thoughtful 
' pobtidanto the court Interior Secretary 
Bruce Babbitt seemed just tbe person. 

mising to win support for a broader 
objective. But it is a mistake to give way 
when doing so tells your friends that you 
won’t right and your enemies that they 
can roll you. If Mr. Clinton won’t stand 

ujp for Bruce Babbitt against Onin 

itch, why should the president expect 
other Democrats to stand up for him? 

Part of the problem here goes to Mr. 
CSn ton’s governing style: There was no 
reason to let this decision go down to the 
wire, especially since Mr. Clinton had 
ample notice that Justice Harry Black- 
mun was retiring. If even a month ago 
Mr. Clinton bad decided that he did not 
wadi a fight and named Judge Breyer. 
there would have been sane grumbling 
from liberals but no embarrassment of 
Mr. Babbitt, no public caving to Mr. 
Hatch, no commentary on indecisiveness. 

ftedady because so modi is at stake in 
tbe success or failure of his presidency. 
Mr. Clinton cannot afford the ad hoc, 
last-minute style of deciding things that 
he seems so fond of. Wherever he has 
control he has to pick his fights in ad- 
vance with an eye toward his broader 
goals. Sometimes it is worth fighting, 
even with your friends, to show you have 

The Muckrakers Managed 
To Surmount Their Scruples 

By Richard Harwood 

W ASHINGTON — “Late last 
Year,” The Economist magazine 
reminds us, “the press had a choice 
between two sorts of potential presi- 
dential muck . . . money and sex." We 
in the American press chose the money 
(Whitewaier). The sex (new tales of 
philandering by President Bill Clinton) 
was passed over. 

An ostensible reason for this decision 
was our squeamishness about the ethics 
and propriety of digging into Mr. Clin- 
ton's private behavior. Another was 


squeamishness about our own reputa- 
tions. It had become. Newsweek would 
say, conventional wisdom that the use of 
newspaper sex squads is a trashy lactic 
So we declined to “soil the breakfast 
tab!e"{a promise of the first Ochs at The 
New York Tunes) or soil our own im- 

ages by publishing various versions of 

: sexual history of Bill Clinton. It was 
to be a most temporary abstention. 

All along, there has been little doubt 
in the minds of many journalists that 
salacious tales about the presiden I were 
true or approximately true and that at 
times he had been recklessly promiscu- 
ous. As the editor of the now defunct 
Arkansas Gazette has put it, “Most 
Arkansans have never thought Clinton 
was monogamous" but thought it im- 

polite to publish the facts. He was a 
or th 

member of the sexually liberated baby- 
boomer cohort that ’scorned ancient 
taboos about liberal sex. 

This revolution, begun in the 1960s, 
has accelerated to the point ihat 40 
percent of American teenagers now lose 
their virginity by the ninth grade and 70 

percent arc sexually active by their se- 
nior years. Tbe number of babies bora 
to unwed mothers now approaches 1 
million a year. As (be illegitimacy rate 
dimbs, social disapproval evaporates. 

Today's journalists, in the main, 
grew up in this climate and, like most 
Americans, are generally sophisticated 
and blnsfe about sexual behavior. Who 
sleeps with whom is a popular and 
noupqorative subject for gossip be- 
cause we hear it all discussed on the 

talk shows, see it all in films and televi- 
sion productions and read all about it 
in magazines and newspapers. 

Exposed to a barrage of Clinton ru- 
mors and allegations two years ago, we 
Americans responded by electing him 
president. Fewer than 5 percent of the 
electorate thought "morality" was 
a bunting issue. 

There is one exception to these alti- 
tudes of live and let live. It is called 
“sexual harassment. ” It is a product of 
the feminist movement and has become 
a canon in the drive for political con- 
formity that preoccupies the press, 
large business corporations (fearful of 
lawsuits), politicians (fearful of tbe 
feminist lobby), academicians and the 
intellectual community in general. It 
has also become a profitable business 
for plaintiffs and their trial lawyers, 
and has stigmatized (fairly or unfairly) 
countless males who in past years may 
have been seen as office downs but are 
now seen as brutish slobs. 

Once “harassment" entered the pic- 
ture, the press's promises to stop peek- 
ing into bedrooms, yachts and the back 
seats or family cars were abandoned 
instantly. The president's alleged sexu- 
al history is back on tbe front pages 

SlK.TtfER&'i A • ,1 

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and tbe evening news shows, and will 
be around for many months. 

We will seek out the alleged victim of 
harassment and anyone else who may 
have encountered Mr. Clinton is a mo- 
ment of passion. We will investigate 
and produce profiles of tbe lawyers, 
witnesses, judges and ex-boyfriends of 
tbe women involved and most likely 
will go back to the friends and girl- 
friends Mr. Clinton acquired during his 
years at Georgetown. Oxford, the Uni- 
versity of Arkansas and as a young 
politician. We will explore tbe political 
and financial motives of this cast of 
characters. We will write about consti- 
tutional issues, presidential immunity, 
presidential ethics, statutes of limita- 
tions and perhaps even impeachment 
scenarios. One way or another this sto- 
ry is going to have a long life. 

Why? The press knew ail about these 
charges against Mr. Clinton months 
ago — every delicious detail: that while 

governor of Arkansas in 1991 he had 
Paula Corbin Jones, a minor clerk in 
the sute bureaucracy, brought to his 
hotel room, where he propositioned her 
and was rgected. 

She offered her story to the press. The 
major papers and networks ignored her, 
calling her claims irrelevant and unsuit- 
able for publication. 

Only one thing has changed since 
(hen: She has repeated the story in a 
lawsuit. This transforms a little hotel 
room encounter from a “tabloid tale" 
into a major “social issue." a case study 
in the animalistic abuse of women in a 
sexist society. Why the press did not 
see it that way when Mrs. Jones first 
recounted the incident is something the 
editorial writers and captains of our 
industry ought to explain to us. 

Russell Baker, a pseudo-rube from 
Leesburg, Virginia, tells us in The New 
York Times that he was inspired to 
pontificate on the many ramifications 

gtlhlfc ,[ 3 
Jip an^i, 


L aboi a ‘j 
3 m po C1 ’ 
ptron l V 
j- direr,; 

of the Climon-Jones case but was over- j 

come by the hvpocrisv of it all. -..j? j 

“I am struck." he sail! “by the ridic- 3 TU]-j 
ul ous solemnity in which Americans 3, ez Ii«“ v 

(UW ill. i 

try to conceal their prurient obsession 

with sex.” The media’s mission, when "VTM 


you get beyond the rhetoric of “find- m.. 
ing truth and doing j ustice" is primar- ■ . Hiii' 

ily to “gratify a sex-drenched society’s 
passing delusion that it is not sex- v *! 
drenched at alL but purer than Hester jr.. -ef 
Prynne’s home town. sianui/- 

“There they all are — senators, law- 
yers. political giants, great editors, bril- 
liant columnists — all poring over 
these evidences that sexual foolishness 
has been amok in our land. Horrors!" 

Horrors, indeed. I breathlessly await 
the text of tbe depositions, brought to 
us soon, we hope, as a public service by 
the virgin press. We shall read them, 
not for the spice, but in fulfillment 
of our civic duties. 

The Washington Post. 

thsomt ■- 
3. 1. 


< s 

3st “ 

ce e 




' & a 
• rces 

End the Cuba Embargo 

Regarding “Cuba; Don't Reward Cas- 
ino, Tighten ihe Embargo" (Opinion. May 
16) by Vicente Echerri: 

it to remind your political friends that 
they really do have a stake in you — and 
you in them. Democrats need to realize as 
well as tbe right does how much hangs on 
the Clinton presidency. But only Mr. 
Clinton can convince than of that 
The Washington Pest. 

Mr. Echerri *s article is vitally wrong. 
You do Dot bring democracy to coun- 
tries by tightening embargoes. The end 
of communism in the East bloc coun- 
tries and the ex-Soviet Union was not 
brought by embargoes. It was brought 
by diplomacy and trade. 

President John F. Kennedy was mov- 
ing toward dropping the’ embargo 
against Cuba when he was assassinated. 
If he had succeeded. Cuba would be a 
different country now and Fidel Castro 
would not be its ruler. If the sanctions 
had been dropped in 1964, Cuba would 
have involved itself in trade with the 
United States and would not have been 
dominated by the Soviet Union. 

The administration of President Bill 
Clinton should drop the sanctions 
against Cuba. Once that is done, you 
will see dramatic and positive changes io 
Cuba. By the tune Mr. Clinton finishes 
his first term, Cuba will have moved 
toward democracy. 




is. is unlikely to produce Chinese 
will’ keep the pressure on 

A Proper Trade Formula 

Regarding “ Clinton Needs a Flexible 
Trade Freeze With China " (Opinion, 
May 17) by Michael A. Santoro: 

The writer proposes that the Clinton 
administration freeze China's favored 
trade status until it improves human 
rights. He proposes granting favored 
treatment to imports from China up to 
last year’s level and subjecting addiuon- 
aJ amounts to higher tariffs. This, be 

tiation and 

China to improve human rights. 

What would be the effect of this two- 
tiered tariff? It is hard to see why tbe 
Chinese would not retaliate in exactly the 
same way, preventing the growth of U.S. 
exports to China. Since the quantities of 
Chinese goods sold in the United States 
would be restricted, the American prices 
of those goods would rise, lowering the 
American standard of living and raising 
the profit levels of Chinese firms. 

A better policy would be one that 
rewards the virtuous, punishes the vil- 
lains and benefits Americans. Why not 
unilaterally eliminate “voluntary im- 
port restrictions on shoes, textiles and 
other goods from all countries with 
laudable human rights records? At the 
same time President Bill Clinton could 
announce that henceforth no anti- 

dumping actions will be brought against 
countries with satisfactory human rights 
records. This policy would divert invest- 
ment from countries with shameful hu- 
man rights records to three with laudable 
ones. It would lower prices in tbe United 
States of affected goods, and it would 

reduce profits on the Chinese exports that 

sduce profit! 
ill make it i 


into the United States. 

Kuala Lumpur. 

produce weapons of mass destruction. ^Jeri 
Fratcti companies played a leading*Tay. 
role in the past in arming Saddam's re-— aid 
gime. According to Mr. Safire. they seem ;ri- 
to be ready to play that role again. 1 ere 
would urge French human rights advo- sn- 
caies to intensify their campaign against 
their own stale, not against Turkey. a( nd 
Ankara, W“ 

For the Iraqi People 

Cherchez le Right Word 



Regardtng “ Questions Related to Sad- 
dam (Opinion, May 4 ) by William Safire: 

If Mr. Safire really cares about the 
plight of the people in the region, then the 
embargo against Iraq is no answer. In- 
stead. the Gulf War allies should seek 
ways to prevent tbe supply of parrs and 
technologies to Iraq that might be used to 

Regarding "Bill to Outlaw Some Uses- ■ 
of English Nears Approval in French Leg-f&A 
islature" (May 6): , llt0 

There is more French in the English 
language than English in the French. h&t 
That's what makes English so rich. li nd- 
en ables us always to select le mot juste. ^ 
Draramen. Norway. y. 





I” The Biography of Pamela 
Digby Churchill Hayward 
Har riman 


By Christopher Ogden. 504 
pages. $24.95. Little, Brown. 

Reviewed by 
Diane Middlebrook 

T ruman capote thought 
that Pamela Digby Churchill 
^Hayward (later Harriman) had nev- 
er Tend a book. She had better not 
-start with this one — “Life of the 
. Party" doesn’t seem to have been 
/read even by its author before going 
into printed pages. Apparently con- 
, struct ed as an mipendagc to its own 
• -index, it offers the lumpy example of 
-’;ibe kind of journalism made possi- 
rbfc by access to an electronic tafor- 
matron dump- Tbe resulting naira- 
Cwe can be described as Early 

• Herat Moures, president of 
BriB France, is reading "Les Lett res 
de la Princesse Palatine ” (The Let- 
ters of tbe Princess of Palatine.) 

“Living in France between a ho- 
mosexual husband {the king's 
brother] and an autocratic brother- 
in-law [Loins XIV], this German 
princess was able to show on the 
one hand how tbe status of women 
could improve and on the other, the 
beginnings of modern Europe." 

( Elisabeth Hopkins, IHT) 

ward R_ Murrow, Gianni Agnelli. 
Aly Khan. Elie de Rothschild were 
her lovers during the years before 

her marriage to the producer Le- 

And yet what material it is! At 

in d yet win 

-'age 66 Pamela Harriman became, 
according to Ogden, “one of the 
■ world's wealthiest widows" and at 

* age 73, after helping KD Cfiaton 
--become president, was named am- 
•■bassador to France. Triumph in rad 
n age is rare enough in any life; in this 
‘ one, glmnsi inconceivable. Ham- 
' man survived all the disadvantoges 

* of protracted ttmbohood and or sg- 

nifkanl miscalculated alliances. 
? -both romantic and political, btfrae 
achieving the twin peaks of Slw 
-'million and a Washington power 

-base. How did she do »t? 

Ogden organizes the book as a 
ladder, each chapter focused on a 
man whose support Pamela sought 
and rarely failed to acquire. Pamela 
Digby was bom into tbe English 
aristocracy in 1920. She received tbe 
upbringing regarded among the 
landed gentry as suitable for a 
young lady destined for marriage to 
a country squire, but teenage so- 

journs among the rich ra Europe, 
‘ etted her 

New York and Toronto whetted 
appetite for more worldly men. Fol- 
lowing her London season as a deb- 
utante in 1938, her family shipped 
her bade to Dorset for safekeeping. 

Then tbe war came to her rescue. 
Various family connections found 
wodc for her as a French translator 
at the Foreign Office in London, set 
her up in Whelor-giri digs, and 
arranged a Wind dale with Ran- 
dolph CbudulL tbe only son of 
Winston ChurduU. On their second 
date, Randolph proposed marriage: 
Expecting soon to be sent to the 

front, he wanted to produce an heir. 
Pamela obliged. She was 19. 

Winston Churchill was prime 
minister, and for protection Pamela, 
too. was housed in the official resi- 
dences at 10 Downing Street and 
Chequers when die was expecting 
young Winston, who was bora in 
October 1940. The nightly terrors of 
tbe London Bhtz brought Pamela 
and her in-laws intensely dose dur- 
ing her pregnancy and tbe baby's 
infancy, a bond that outlasted her 
marriage to Randolph by many 
years. The only damages Randolph 
sustained during the war were enor- 
mous gambling debts, but these 
drove Pamela Chundrill back on her 
own resources. She slashed the 

baby with a nanny at the country 


w 6 : 

\jt- i. tee, intending to folio 
— ^TTl i V- u . ' , - king; and thought sy 

r.v - when tiw jack appeared 

- h did not seem Hedy uy 

“I sensed happy vibes from 
East,” Hutzler reports, “so, right or 
wrong. I assumed a 4-1 trump 
Split." The opening bid suggested a 
doubleton spade with East, and 
therefore a 2-44-3 distribution. 

■ South cashed die spade ace and 
tbe dub ace. He; followed with tbe 
dub king, and led the diamond ten 
for a winning finesse. A club was 
• wdcd ui6iii£X8PP 6 ““*“''“- "r-j discarded, on the spade king, mid 
- It dS not seem ffiy that West had the dosed hand was entered witii a 
■ Wnr with two singleton, but there 'diamond tend to the king. The dub 
: begun Available, queen was cashed, allowing a dia- 

mond discard from dummy, and a 
diamond was ruffed. This stripped 
East of all bis cards outside the 
trump suit and left this ending: 


■ o — 

'By Alan Truscolt 

arrived in six hearts after an 

opening three-spade bid on his lei L 
* . South wo a with the ace m dum- 
my, since the queen was Iik«y to o® 
- with East. He then cashed the heart 
„ acc, intending to follow ' wth .te 

home of his godfather. Lord Beaver- 
brook, and returned to secretarial 
work in London. Early in 1941 she 
became the mistress of Avtrell Har- 
dman. Roosevelt’s Lend-Lease en- 
voy to Britain, and spent the next 
two years acting as Churchill’s and 
Beaverbroofs go-between in a ploy 
to involve the Americans ever morc 
deeply in the war. 

Tbe affair with Harriman ended 
in 1943 and did not become a mar- 
riage until 1971, following the 
deaths of spouses on both side and 
in Pamela’s case, after numerous 
other high-profile affiliations. Ed- 

land Hayward in 195 

But despite its title. “Life of the 
Party" is not exactly about a party 
gjri. According to Ogden's sources. 
Pamela didn't care much about sex. 
one way or another. Her serial life 
was her profession: Abandoning 
motherhood except in name, she 
made a career out of serving as a 
savvy conduit among powerful men. 

Ogden does not delve into the 
complexity of the character that 
made these attachments possible, 
or necessary. In lieu of a psychoso- 
cial portrait, the author provides a 
range of labels. To men Pamela is 
many things: “the greatest house- 
keeper of all time,’ “an artist at 
providing service,” *'a superb 
nurse," “an English aristocratic 
tart," “a geisha girl who made every 
man happy." To nervous wives she 
is a dreaded “widow of opportuni- 
ty." We get tantalizing glimpses or 
the discipline with which she ac- 
quired expert knowledge in many 
fields but Tew clues as to what was 
going on in her head. 

This is partly because Pamela 
Harriman is siill alive and can 
speak for herself, or through her 
lawyers. Ogden proudly describes 
his book as “unauthorized" (by 
which he probably means “uncom- 
missioned") but acknowledges that 
the project grew out of 3 financially 
attractive invitation to ghostwrite 
Haniman’s autobiography. He in- 
terviewed her intensively for six 
months before Harriman lost con- 
fidence and Ogden lost permission 
to quote. Perhaps this slapdash 
production is the outcome or a de- 
sire to cut his losses. 


Diane Middlebrook. the author of 
u Anne Sexton: A Biography, ” wrote 
this for The Washington Post. 

/ was a 


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Page 2 


By Natalie Angier 

Vrti- Ytrk Tima .S Eenrnv 

gj EW YORK — Women may noi find 
i ^ s surprising but one of the most 
Hwfj persi&lrat and frustrating problem* 
Ea \aa in evolutionary biology is Lhe male, 
pectfically. where did he come from, and why 
oesn’t he just go away? 

After many years of rabbin® their chins so 

__ , ard they are practically scraping bone, scten- 
\5 sts say they stiff cannot explain to their satis- 
u tciion why the great majority of species on 
irth reproduce sexually, It would be so much 
? eater and more sensible if females were to do 

? !\ ev ie whole reproductive business solo, either by 
? , taking simple clonal copies of their eggs — as 
1 p 1 o some lizards and fish, for example — or b\ 
Bu lanufac luring in-house the sperm needed to 
prop 1 ;rt jy zc jhe eggs, as do some worms and snails. 
_T Instead, in most species, a female relies for 
, i er genetic survival on sex with a male, a bearer 
L i f semen and usually not much else. In ?»i 
s E ,lh oing. she makes suhstamiai sacrifices, 
inon H g r ^(spring en d up with only half her genes. 
P r ‘ 1v ather than Lh? whole portion borne by the 
er \l bildren of asexual mothers. The mating ritual 
- . ^!sclf is often u me -consuming, complicated and 
th rd lo l0 P * l — oh. injustice! — the 

“GVnal'e typically makes a swift postcoiial e\iL 
e\ec MV ^ n & the female to rear her offspring alone. 
e ' „ Now a researcher from the University of 
™ iritish Columbia offers results lhai only deep- 
n the mystery of why male.? arose on the 
. ■' '.‘Olutionary stage and why females continue to 
1 __o/erate them. 

males and females is a simple matter of cdl 
division. Because a male generate* so much 
more sperm than a female does eggs, his sex 
cells are dividing comparatively "faster and 
more often. It is during cell growth, when 
chromosomes are being copied for apportion- 
ment into two new cells, that the greatest likeli- 
hood or genetic missteps arises. 

Scientists have long suspected that males 
may be responsible for the great majority of 
new mutations that appear in a population of 
animals, but they have only just begun to gather 
supporting evidence from DNA studies, 
ong humans, the rate of mutation in a man's 
sperm cells may be at least six times greater than 
in a woman's eggs. What is more, the mutational 

excess mourns with a man's age. suggesting ibal 
women may do well to follow men's time-hon- 
ored tradition and seek out voung mate?. 

In the report. Dr. Rcdfield took some of the 
findings that have emerged on the high rale of 
mutation* in sperm cells und incorporated the 
Figures into a computer model comparing the 
crisis and benefits of sexual reproduction. Her 
results cal! into question a prominent Lheory of 
why sex evolved: m prevent potentially harmful 
muiauons from gradually gathering in a female's 
genetic stcck. By this notion, asexual reprtxiuc- 
Uon is a one-way street to total genetic decay, as 
mutations arise during lhe cloning of the fe- 
male's eggs, and ihiise genetic errors accrete 
dangerously with each succeeding generation. 

■4 Reporting in the the journal Nature. Dr. 
b roi tosemary J. Rcdfield of the department of 
veur C ‘°I 0 S> demonstrates that a female, by mixing 
"deni icr chromosomes with a male's, perpetually 
trad empts genetic disaster, 
in* It tum? out that the male's sperm cells are 

liikely to be riddled with far more genetic mma- 
are ions than are the female's eggs — -anywhere 
djff.'rom 2 to 100 times more mutations, depending 
gel • jn the species. And given that most genetic 
pnvdlerauons arc undesirable, possibly resulting 
fn disease or frailty in one's offspring, the 
opp'emale appears to be getting a lousier deal from 
new^ual reproduction than scientists previously 
nc^iad imagined. 

oih "We take it for granted that ail reproduction 
“hould involve genetic contributions from male 
for cid female parents. possibly because sex is such 
youn essenual and engrossing p3ri of our own 
Dai'es." Dr. Rcdfield said. “But in fact, we still 
lutJun'i know why this kind of reproduction 
lioevolved and has become so common. Rather 
Shan helping to solve this controversy, my pa- 
ha-oer points oui ihaL the problem is worse than 
seeve had thought.” 

In.* The discrepancy in mutation rates among 

Ha-rr\ -r- -rr -u 

NE reason for sex. then, could be to 
Jgga inject a new round uf genes into the 
mix to help keep the mutational load 
at a minimum. Enter the accommo- 
dating male and his refreshing sperm. 

But Dr. RedfieldY calculations suggest that far 
from cleaning up the mutational mess, the male's 
contribution may only make it unr-e. In her 
computer model, she compared Lhe mutational 
outcomes of females who reproduced asexually 
and females who mated with males bearing a 
varying number of mutations in their sperm cells, 
or gametes. It did not take many extra mascu- 
line-based mutations before asexuality began 
looting like the superior strategy. 

“If sex h the device to reduce lhe mutational 
load, and if lhe male mutation rate i» indeed 
higher, then it doesn't loot: like a reasonable idea 
for a female to have anything to do with a male 
and ius contaminated gametes.” aid Dr. Alexey 
S. Kondrashov of the department of ecology and 
systematic?; at Cornell University. 

Dr. Kondrashov pointed out that many muta- 
tions. liny changes in the lettering of the DNA. 
have no effect on an animal ai all for the great 
bulk or generic material in ibe body is recalled 
junk DNA. apparently serving Utile or no pur- 
pose to begin with. Changing this filler material 
would have about a> much impact as substituting 

vi ew 

Look at Genetic Role of Male 

y '•tn l w Twit % Xivt I.,.’ 

EW YORK — When it comes to 
ecjij^ri parceling out blame for birth defects 
in ra and genetic disorders. uvmen have 
SiliJ vJ historically shouldered most of the 
burden, particularly older mothers who suppos- 
edly risked their offspring's well-being by lei- 
C( iine their eggs sit around growing progressively 
jr-more Male and chromosomal!;- unstable. 

By contrast, men have been’ seen a> eternal I v 

.fertile, abie to father health? children well into 

(| their dotage. 

&3dei? Men's Risk 

Becau&e a male makes much 
more sperm than a remale does 
eegs. his sex cells dhrids faster 
and more often, increasing the 
likelihood of mutations. The risk 
increases with aae. 

Number of divisions a 
man's se* cells have 
undergone at 
various ages 


li-TSAi- K 



Puberty Age 

; Soiree. Or Jsrr.&p F Ow. Unrs&rsrh a '.Vis-Tensm 

U- K-v ^'s^ !>-■• . 

Bul growing evidence suggests that men. rath- 
er than women, may be the source of moM new- 
generic mutations in the population, and thus 
may be responsible for the majority of congenital 
diseases that seem to come from nowhere. In 
addition, the older the man gels, the more likely 
his sperm is to carry genetic mutations. 

The new view is" based largely on studies of 
individual cells, and scientists emphasized that 
they have much to let- m about the source of 
genetic mutations. Nor do they have any idea 
how often a minor variation in the genetic 
blueprint for a human being translates into a 
birth defect. 

i he overwhelming majority of genetic alter- 
ations lhai appear in the course of generating 
se\ cells arc likely u> be harmless. Nevertheless, 
some researchers said it -a as time io take a 
closer look at the inherent fallibility of .-.perm 
cells. "This is a subject that has not received as 
much attention as it should.” said Dr. James F. 
Crow, a geneticis! at the University ol Wiscon- 
sin in Madison. 

As long as half a century ago. J. B. S. Haldane, 
the Scouish geneticist, proposed lhai cases of 
hemophilia not associated vviih a family history 
of the disease were much more likely to be the 
result of a genetic glitch originating with the 
male's sperm rather than with the female's egg. 

Scientists realized that while a woman's eggs 
are fully formed during fetal development and 
undergo no further celF division after birth, the 
progenitor sex cells that give rise to a man's 
sperm continue to divide throughout his life. 
And the greater the number of ceil divisions, 
the greater the odds that minor errors called 
point mutations can occur while the chromo- 
somes are being copied. 

More recently, scientists have shown that 
genes on the Y chronuisome — the sole prov- 
ince of the male — do indeed mutate at a faster 
rate than genes on the X chromosome, which is 
essentially though not exclusively a female 

Using these and other new findings, scien- 
tists estimate lhai the overall genetic mutation 

Natalie Angler 

Another Twist in Butter-Margarine Debate 

By Sally Squire,? 

li tiJt:in.:iJK r .'•V- i.v 

g:* gj ASHI NOTON — An analvsis. 

G‘/^4fe baking con*umptn*n of margarine 
*i’W tT’V l ” heart-disease deaths and *ug- 
gesiing that butter miahi be a Kn- 

in vcgeutble oil* and shortening* that are par- 
tially hydrogenated. In this process, natural 
liquid oils are healed and hydrogen is added lo 
convert the oils to a solid fat. 

ter choice is drawing strong criticism from 
federal officials. 

Harvard Universuv researchers reported Iasi 
week that a type of fai found in some margarine 
and fas: foixl? could help account for 30.000 
deaths a year from heart disease — about 6 
percent of the death rate from heart disease. 

These fat<. called irans faliv acids, are found 

Pressured by public-health officials and con- 
sumer groups to lower ihe amount of --aluraied 
fat in fasl fiiids. many manufacturers have 
recently switched to Iran-; fatty acids rather 
than using beef tallow to ewit fried [••.sds. 

Writing a commentary in the American Jour- 
nal of Public Health. Walter C. Willett and 
Albert Ascherio. both of the Harvard School of 
Public Health, called for new federal regula- 
tions requiring food manufacturer* to label the 
content of Iran* faitv acid-. 

But critics said the link between this type of 
fat and heart disease deaths has not been 
proved. To begin with, there is no accurate dutj 
available to know how much trans fatty acids 
Americans eat. and patterns of using this type 
cf fat have been erratic. 

“How can you attribute these deaths to trans 
fatty acids if the intake has been so erratic?” 
said Nancy Ernst nutrition coordinator for ihe 
National Heart Lung and Blood Institute. 

Dr. Emsj said Ihe juthors' opinion differs 
from lhai of the institute's National Cholesterol 
Education Program, vvhich reviewed the same 
data last year and unanimously concluded 
"that irons fatty acids do not raise blood cho- 
lesterol to the rate that saturated fat does." 

Answering the Question: Why 

By Sandra Blakeslee 

Vm York Tunes Semee 

- x-,. 

EW YORK — Researchers are find- 
ing ways to answer a question that 
haunts every cancer patient: Why 
me? The explanation, they say. can 
be Tound deep within the cells of the body in 
biological factors called markers. 

Like the smoking gun in a crime novel, mark- 
ers are physical evidence of the foul interplay ' 
between canc er-causing agents in ihe environ- 
ment and a person's genes. But as in all who- 
dunits, ihe true villain can be the one who 
arouses least suspicion. 

The new research shows that cancer is not 
primarily caused, us many Americans tend to 
think, bv the poisons spewed into the air. water 
and land by industry. Rather, each person is 
bom with various genetic susceptibilities, es- 
sential fv weak spots in their genetic makeup, 
thai play a leading role in the cellular mayhem 
called cancer. 

For example, researchers have found that 
some people have genes that enable their bodies 
to detoxify chemicals rapidly, including the 
carcinogens found in cigarette smoke and natu- 
ral carcinogens found in foods. 

Others are bom with slow acting varieties of 
the same genes; their bodies are less efficient at 
getting rid of carcinogens. If exposed to large 
enough quantities of the chemicals, these slow 
detoxifiers are more likely to get cancer. 

The research sheds light on a vexing ques- 
tion. Whv do some people who smoke ciga- 
rettes and eat an unhealthy diet live to be 90 
w hile others who live healthy lives succumb to 
cancer at a young age? 

The subject is being discussed this week at 
the annual meeting of the American Society of 
Clinical Oncology, being held in Dallas, and is 
the topic of an increasing number of scientific 

rJtMIS 95.-10 wlTO fS Jite# 

Cancer RiSKa?* 1 

Researchers say*at does a&to 

exanipfes./ ■ 

■Fcarai ire ^ : 

tissues^ certeuri ' 

food, E^-clgarette'.;';. 

smdhe and 'j .! : 

sources. But ■ .. -. s 
genetic. vatojops;'' 
in these anzynles ■ 

-moie-of the.--:. .. : %S£. ■'* 
oancer-cauaTg-’ JM ?: : 



Chemicetis that 
bound to DNA or; . 
jHoleins carti» • 
found in peopfe' s - 
exposed to air 

pc^utkm. ragarette 
smoke and other 
contaminafes. - r- 




one styrofoam peanut for another in a shipping 

In addiuon. some mutation? are beneficial, the 
source or heightened talents, diversity, evolution 
itself. Indeed some of the researchers who have 
published reports on mutation rates tn sperm 
have noied that males, as Lhe primary source of 
inadvertent genetic change, may be the engine 
driving evolution forward. 

T HE subject is being discussed this 
week ai the annual meeting of the 
American Society of Clinical Oncolo- 
gy, being held in Dallas, and is the 
topic of an increasing number of scientific 

The classic method? for studying cancer risks 
have been very frustrating, said Dr. Frederica 
Perera. a leader in bio marker research at Co- 
lumbia University’s School of Public Health in 
New York Cilv. 



rate in sperm cells is six times greater than it is 
in eggs. That discrepancy only widens with age. 
The older a man i?. the more time? his progeni- 
tor sperm cells hare divided. 

At 13. when a bov typically begins making 
sperm, his sex cells have divided about 36 limes, 
and they divide about 23 times a year there- 
after. By age 20. the cell? have replicated about 
200 times: by 30. about 4_’u times; and by 45. 
about 770 times. 

Statistical evidence supports the premise that 
an older father i.s hkciier to sire a child with a 
birth defect than is a younger man. Dr. Crow 

On average, fathers of ehiiJren who have a 
new dominant genetic disorder — a disease 
caused by a single genetic defect not known to 
run in ine family — are six years older than 
fathers of children without an Liinev. 

Epidemiologists, who study large populations 
of people over time, have made great strides in 
linking cancer to chemicals, she said, although 
since ihe deaths usually occur decades later, long 
after exposure to the chemicals took place, mak- 
ing '.he connections is often problematic. 

With Lhe tools of molecular biology, howev- 
er. Dr. Perera said: “We can get inside the black 
box everyone talks about. We can get some 
fingerprints on environmental carcinogens and 
look for their targets inside cells." 

Molecular toxicologists and molecular epide- 
miologists are looking" for physical signs of dam- 
age in human cells. Some, called adducts, are 
chemical? bound up with DNA or proteins. 
Others are gene and chromosome mutations, 
alterations in DNA repair enzymes, various 
forms of enzymes for metabolizing foreign chem- 
icals and levels of nutrients in the bkx<dsiream. 

Adducts are formed when chemicals stick to 
DNA. Dr. Perera said. Unless the damage is 
repaired before the cell divides, mutations can 
occur that may lead to cancer. Sometimes the 
adduct may attach itself to a length of junk 
DNA. where it doo the body no harm. At other 
times, with the luck of a crap shoot- it may 
damage DNA that controls cell division. 

in Poland have more adducts and chromosome 
aberrations than people living in the cleaner air 
of a Polish village. 

And women exposed to polyaromatic hydro- 
carbons from the burning of fossil fuels and 
other industrial sources have varying levels of 
adducts in their breast tissue, depending on 
their geneuc makeup. Such findings may help 
determine why one woman gets breast cancer 
and her next-door neighbor does not. 

Work is continuing to see whether bio- 
markers like these can predict who will get 
cancer. Dr. Perera said. Researchers are looking 
for such adducts in blood samples stored IB 
and 15 years ago, she said to see whether they 
foretell disease in given individuals. 

aberration.” Dr. Kirsch saki, 

A NOTHER kind of physical damage 
to cells that can lead to cancer is a set 
of mutations in an important gene 
known as p53. The gene's normal 
function is to suppress cancerous changes in the 
cel), and these are very prone 10 develop when 
the gene is inactivated by mutations. 

Recent studies have shown that several envi- 
ronmental carcinogens cause mutations at 
characteristic sites on the p53 gene. In other 
words the site of the mutation on a person's p53 
gene will indicate whether it was induced by 
ultraviolet light, afiatoitin from peanut mold or 

Dr. flan Kinch of the National Cancer Insti- 
tute in Beihesda. Maryland, is studying another 
type of biomarker invoking lhe inherent insta- 
bility of human DNA. DNA tends to jump 
about and recombine in ways that drive evolu- 
tion. Dr. Kirsch said, but such recombinations 
can also cause cancer. 

The marker is an inverted DNA sequence 
that is found in one of every 5.000 to 50,000 
white blood cells, in the human body. Located 
on chromosome 7. it is an '■ innocent genetic 

DR their part, older mothers still have 

d heightened risk of conceiving banics 
with other sorts of birth defects — 
SS ones associated not with point muta- 
tions. but with a mistaken replication of an 

Adducts are often found in people exposed to 
pollution. Dr. Perera said. For example, foundry 
workers have vaiying levels of a chemical, po- 
lyaromatic hydrocarbon, bound to their DN.A 
depending on their exposure to the chemical and 
Lheir tnna'ie ability to detoxify chemicals. 

People living in the polluted air of a large city 

which the chromosome 7, Igpr;'-. ;- 
times higher than normal. Dr 
Sevelop leukemia or lymphq^;l W . 

often than people with toe innoceni^k^t^^'^f-- 
With this due in mind. Dr; ; ; 

the chromosome 7 marker in ; 

to pesticides. He said diemkals.cmtltfiii^nS?^ . 
a person’s baseline level of genetic. tnsta^Q^r' : . { 
making DNA alterations more 
any given lime. ' ' 

A third type of marker cocaas^. jwa^Bics rV . _ 
found in the liver and other tiss^Tltefe^OT.';- ::' " 
body has evolved families of enzynvs fijr'HW^ 1 . ' v 
uLbring chemicals — the natural caronq§3S^n:>‘>" 
food as well as drugs and industrial coa^qundsy ;/ 
When a chemical comes into contact^^k' “ -~ 
cell membrane, it is met by enzymes thatS^e^ . " , > 
the chemical more or less water soluUfc B'jfl ,-" ; ‘ _ 
the chemical is thus transformed, it is^so^sef^ - . ' 
completely from the body. Sometimes, 
er. a chemical can be altered into a-iorirahaEr ' - 


j-<— s- 
fc-art-' 5--’ 

makes it prone to binding with DNA'^^m|; i ‘ ■ ‘ “• 
tein, raising the risk of cancer.- ' • ‘ ^ - ' 

There are wide genetic variotions ift Tfee : > 

enzyme systems, said Dr. William Evans^itef '^'- 

enzyme systems, said Dr. William Evam^fes^.- 
macolog^ at St. Jude ChfldrTO's Hospailaffe' ; 
University of Tennessee in Memphis; - 

people an enzyme may be veiy slow - : 

can be easily poisoned by the drags or chiicals 
detoxified by that enzyme. Others maymfeflla:' 
fast-acting form of the enzyme, he sakL:Th«ff^ 
bodies deactivate the drugs or chemicals fensBed. 
by that enzyme with lightning speed.- • 

"We have observed 1 0-to 1 OWolddiffaKocer 
in enzyme activity." Dr. Evans said. : . 

Enzyme activity often declines with age, -help- 
ing to explain why cancer tends to be a disease of 
old age. And enzyme activity varies bebreea 
ethnic and racial groups, he sold, providing dues 
about different cancer rates among raoes. " \ 

entire chromosome. The most famous example 
of this sort of mishap is the triplicate copy of 
chromosome 21 that causes Down's syndrome. 

Dr. Crow points out that such large-scale 
chromosomal defects can easily he detected in 
prenatal test?, while most of the small genetic 
errors remain undiagnosed unui birth. "I think 
we could eliminate quite a bit of human muta- 
tion if males either reproduced at a young age. 
or stored their youthful sperm on nitrogen for 
use later in life.” he >aid. 

But other scientists insisted that older fathers 
have certain advantages over their young coun- 
terparts. By remaining alive and robust, an 
older man has proved his overall genetic hardi- 
ness. And molecular arguments aside, gen'd 
fathering skills, like cheese, wine and redwood 
trees, very likely improve with age. 

Weighing Risks of Chemotherapy 

By Gina Kolata 

.Vfir York Times Seme 

EW YORK — For years, 
many cancer experts 
have strongly felt that 
the more chemotherapy 
they can give a patient, the better 
will be the chances for controlling 
the cancer. 

Although the side effects are 
greater with higher doses, these pa- 
tients and dec tors have fell that the 
nausea and the risks of infection are 
worthwhile in com bating die cancer. 

But now. in a clinical trial that 
was the first true test of this hy- 
pothesis. researchers found that in 
women with breast cancer a double 
dose of chemotherapy was no more 
effective than n standard dose. 

The study, reported at a meeting 
in Dallas of the American Society of 
Clinical Oncologists, involved 1300 
women with advanced breast cancer 
who were randomly assigned to one 
of three chemotherapy regimens. 

The three treatments gave stan- 
dard. higher and double doses of 
cyclophosphamide, combined in 
each case with the standard dose of 

adriamycin. High doses of adria- 
mycin axe dangerous because they 
can damage the heart. 

Dr. Lawrence Wickerham, a 
breast cancer specialist at the Uni- 
versity of Pittsburgh who directed 
the study, reported that survival 
was the same in all three groups. 

The higher doses of cyclophos- 
phamide caused more nausea and 
vomiting and lower white blood 
cell counts, weakening the body's 
immune systems and increasing ihe 
chances of infection. 

phone interview that the rainllsdkl 
not mean that chemotherapy in 
general did not help women Hke' 
those in bis study, whose hreasi 
cancer had spread to "the lymph 
nodes under their arms. . 

Dr. Joseph Bafles, a cancer re- 
searcher at the Univasityot Texas 
Health Science Center in San Anu^ . 
nio and thechairmaiLQCtfie cfiiucaf 
practices committee of tbe Aroari- 
can Society of Clinical Oncokrasts. 

ft;.;;. . 

t.7; - '1 

aefci'l- “- 

Dr. Wickerham stressed in a lele^ 

said that although the newftndmgs 
"raise the questionof whether more 
is better, I don't think this doses 
the question." 

an;r- ” 


U.S. Testing 3 Allergy Drugs 

WASHINGTON ( LAT) — Tests by Canadi- 
an researchers showing lhai three common al- 
lergy drugs promote cancers in laboratory mice 
has prompted the U. S. Food and Drug Admin- 
istration to begin its own investigation of the 
prescription antihistamine?. 

Neither the researchers nor the FDA advised 
consumers to stop taking the drugs although 
they cautioned against long-term use. The FDA 
noted that no clinical studies to determine the 
effect on humans had yet been conducted and 
that wily certain antihistamines were implicat- 
ed in the Canadian study. The principal Cana- 
dian researcher. Dr. D ime J. Brando, said that 
so far. benefits of antihistamines appear to 
outweigh the risks. 

In the study published in the Journal or the 
U.S. National Cancer institute. Dr. Brandos 
and his research team at the Manitoba Institute 
or Cell Biology in Winnipeg injected mice with a 
skin cancer and a cancer of the connective tissue, 
known respectively as melanoma and fibrosarco- 
ma. In three different groups of mice, the tumors 
grew faster and larger after the rodents were 
injected with one of three antihistamines: lorata- 
dine, astemizole and hydroxyzine, all of which 
are prescription drags. 

urinary control and the ability to have sex. a 
study concludes. ••’ r: 7 •• 

Prostate Surgery Effects 

DALLAS f AP) — Men who have their pros- 
tate gland removed because of earlv signs of 
cancer ran a higher than expected risk of losing 

The study, conducted al Harvard -affiliated 
hospitals, found that the side effects of this 
common operation are much more frequent 
than surgeons usually acknowledge- The report 
is the latest contribution to the controversy 
over how — and even whether — - "prostate 
cancer should be diagnosed and treated An. 
estimated 200,000 cases. 80 percent of them at 
early stages, will be diagnosed this yedr in the ’ 
United States. 

The study was directed by Dr. Janie TakdU 
of Dana- Far ber Cancer Crater in Boston. He 
presented his findings at a meeting -of the 
American Society of Clinical Oncology. 

glNG qjnje: fore igjn cou.ntry 

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fechnology Shares 

Dow Jones Averages 



Open Hi«i Lorn Lass Chx. Metals 

Inriu-, I73TW 3?4I U T700.Ni Jr32.ll* ‘l?-® ri«u 

Tran.- I503.« 1595.24 ianS BM AW 

L'lil ,^‘ is ,iS?T «!*£m . liBJ ALUMINUM [Hllh Crad*) 

&m? ljw.ii I29«X4 irwJ' ■ 5, ~ 3S Dollars per meiric ion 

Da‘ly closing ol the • 

Oo.w Jones industrial average 


BM AM SlT Tb* HU . LOW a*» CMW 

luSh Grade? B " FT3E 1“ (LIFFE) 

OS per tMhgr point 

uSoB 135MD 1WJ* J160X 3110.0 -1*0 

J&SO UW» >375X0 » J>71D 31240 313U - 3j 

sa» ,H * n erw *’ ^ ^33* 

Stock indexes 

High LOW awe Onflow 

implied M Our Staff Fnm Dispauhi'i old rose I '<* lO 46 1 ’* and MlOTuxifl 

NEW YORK — Slocks rose rose 2 7/16 lo I - 16. 
edn&day as rallies by lechnolofiv Analysis were- a loss so explain 

d bank issues offset weak oil the Nasdaq's marked ouiperfor- 
ares and concern that a fallinu manor pf tlie Dow. 


w .... . 

Bloomberg Bvsmea News ■ *?v >VVl\jVp 

. asaactsawisafisa *L ■ NEWY l )l ^^'fSS^ G 3iS. c ^^«^^£^ 

Standard & Poor's Indeaes g^'^Sga gK SB SK-STSSSSS" M » reveoue fa™ 

r»ml UTJQ 132840 1J7J.00 1375X0 Sep 

Dollars per mettle ion E ' 

liar would prompt the Federal A 
"serve Board to raise interest rates. rose . 
“The focus is back on the fundi- **■> 3. 
"■nulls of the economy .” said , 
me? Sollowav. director of re- ■'V 

U.S. Stocks 

a neirch at Argus Research C.»rp 

Among bank.,. NationsBank 

rose l to 55' :. Chemical gained F<- 
lo yjh and Wells Fargo rose I p to 

AT&T rose I’i lo 55 ' j while 
Philip Morris jdded Jt-i to 53 
Early in the day. U.S. govern- 
ment bonds dropped for the lir*l 
time m nearlv a wee» us a falling 

SP 100 

H<gn Low Close Oise Dotiortper metric ion 
ST9.SJ S22J6 S28.W +136 Scot 477J0 

M4I8 JJ* 2 S 33183 +9J8 Forward 6*5.90 

!£S*3 l5!.ol 155.+S -552 NICKEL 

j5-i 3 -U6S JS.34 + 0-** Dollars per metric ton 
454 45 ^3 s: 4510* tsi: 3ml 623JX0 4 

416.46 431 JB +146 Forward 6340.00 & 

tmeion Sources. M*W, AsseetateO Press, 

477 JO 47fL50 494JD 4»» London inn Financial Futures Exchange. 

4*5.00 406JO J12X0 51150 /nf7 PutnUmim Exchange. 

Hanidng and fixed-income business fell 

NYSE indexes 

Soot 6231X0 636000 (X4SX0 6455.00 

Forward 6340.00 6150.00 6530.00 454000 ■■ ■ ■ ■ 

tin Dividends 

Dollars per mettle toil wwwm ww 

5D01 559000 540000 £2100 £35X0 

Forward 5671100 508000 579000 SWCJW f 

aiMr* ie_4.i Uhh flrnrlpl Wmipanr 

ZINC (Spedal High Grade) 
Dollars per metric ton 

JSh A' S5M ended April 

condiuons in both the foreign exchange ™£ Exnrasw^^mdHnmzis^^ 

pet Amt pay roc martets contributed to an overaD decline in cbentachvrty du^g m uj 
irregular ^ ^rst quarter of 1W4, particularly in Apg.* 

HlOh LOW L««4 Oip. 

Forword %jo TO3o iqSjo ltc^ G*pwodiFiAw - ^ |-i5 m Mogan’s financial year endsin January, unlike most - 






750 96 748.13 2M.73 2.60 

mw 305« 400 33 14 1 

343T3 236.83 343.48 +4AS 


add'The Dow Jones industrial jver- dollar aroused concern that over- 
islaic dosed at 3.720.61. up I2.2H seas investors \v»uld steer dear ot 

B'ints from Tuesday. Gums in US. securities, analysts said. I 1 
profilip Morris and AT&T were tem- The dollar'' inability to rally af- ! 

N D J F M A M 
1993 1S94 

Corred by losses in oil mnipanies. Ler the Fed raised interest rales | - — 

— liich fell amid omeem abnut re- Tuesday and Germany’s Bundcv jMVSE Most AcUves 

Liing and marketing prnfi; nur- bank cut rate:. Wednesday made j — — L0Vk ^ 

sian v. Oievron fell l-'j to Xh- 1 - jnd traders and investor.' anxious. v.. 4 «i-. u>, » 

iuuun«asoi. > uioi i. -j ihmk people are surprised, j n-'; 

■oOn the Big Board, gamer- led said David Kinney, who runs S75U |*w 

axers by about a 3 to 2 raim. \<»l- ni ill ton in i'i\ed- income inve*i- 1 ciworp £.;«• ij:- 

thuCvi.n was off '* al 6 1 3 1 . 
pro On the Big Board, gainer- led 
erasers by about a 3 to 2 raim. \ . li- 
ne war ejk ulaied at 337. w> nul- 
fro?n shares, up from 3! I. It million 
thm Tuesday. 

a b>: Meanwhile, the Nasdaq Coni- 

- TclAVl-i 
z..A - - lEJ-\ 





ii' > 


56' . 


"ii ' 

23 l . 


I? 1 • 

mff 4 'A 

; i" . 



toi 1 1 


-:V 0 

J 1 j 

fi 1 J 






NASDAQ Indexes 







• 10.69 









TO? J3 





tsoaxM- orsoi 100 Rd 



— ttfli 







— 0X6 



— 0.06 



— OJD 


— 0.03 



91. *8 


— 0X1 





+ DJW 



+ 0X1 


91 11 



+ 0.00 




+ 0X5 


*1 05 

- "1 m JA which" opeme on esdendar years. That nwaas inv«tasrju*^tos;^- ; 

_ CMn9e JSSSSK* adr : £ walch Mean’s resulu for hxh«tion£ of the 

.nut Change during April -■ 

f Moreau’s decline is an indication of bleaker profits 

94j3 —006 i Arocrux ctiuioM 3 nr z auk uni. i which earned a record S8^ billion in 1993 as interest r^es. - 

S'.” —m£ I H^tSwrwiit lor^ai fli'rinssosA b & c | lowest levels in a generation. Ea rni ngs are falling this yetebeeayse osjjfevr-.-. 
— — - - rates have disrupted stock, bond and commcxhty noreets^Krpai^d-:/- 

imderwriting to plunge. " 

stock split 

Ell. volume- 87.706. Ooen ini.- 501656. 

BNF Soncom 
Bedfanl Props 
Harris Sleds 

AMEX Stock Index 





+ 0.10 





4 019 


*4 15 

*4 IS 


+ 0.19 





+ 020 





+ 0.1* 





+ 0.16 

G JO 5-31 6-15 

O J0 6-1 7-1 

O .17 6-1 6-11 

G M 7-15 MJ 

Jk> 6-15 6-29 

O .It) 5-31 6-15 

Q .16 6-20 7-1 

Sales Slump Widens Woolwirth Loss; 

NEW YORK (Combined Dispatches) Wocdworth^Cb®; 
Wednesday its net loss widened to $38 million from S24pnllipQVni:.t^r; rl 

Eli. volume. IJK5. Ooen ml.- 11X260 


DM1 million - Bis of 186 PCI 

S24.9I 431.96 434.90 -197 j un *5.10 95JXI 9SJM 

Pollers Svgs&Ln 

.12 sr-n 68 repositioning 

.10 6-1 6-15 

* 'f? _ UUO.(lim t»V li'tiu I 

tenr of semiconducmr production Rik ; n ; ,. omnil)dlIl pnC es. eon- i 

waiuipmeni maker Applied >laieri- Sl jepcd an indioiti-r of inflation, j NASDAQ fHest Actives 
haA helpcL, pu'i. 4emu.i , nauei.-.r are helping if- drive bond-, down. | M. oh low l«ki c 

434.91 431.9* 434.90 ■ 3.97 Jun 


r. 0..4 AuniPMaa Sep 

994M — (Ml 

9i2e — din 
9521 + HOI 

supekb higher. The company rose lraders h ^ij 
fe to 4? 1 «. white .'hares for Intel 
brumbed 1 1 16 15 16. M-.-tor- 


dei-w. Ti o 







;•?» . 

.’3 r 


5 *' , 

57- .- 


w- trill i 




C 1 : 

94 to 


ApWMt 5 






i’TJ 8 

2& 1 '- 

19 «« 




73 63 8 





7?i : 


toiuftNl s 



4J 1 » 


21 119 


j5 j i 







46 1 - 

Dow Jones Bond Averages o« 


I Close Ch’ge 

I JSBomfc 97 jb +0.31 cm 

j IC Utilities 94. + QJi Mar 

10 I nous: r; ah 1ML24 t 027 g s 

94J9 9C90 — OOl 

W.65 -M6B + 0.01 

9AM 9 « M * 0JC 

94J32 *433 +00? 

94.14 «4 15 +0.02 

*3*9 93,99 + 002 

9302 9384 + 0JU 

9369 9369 + 002 

'•+ j NYSE Diary 


,lv I , 

2- j AftjOnr&J 

1*. I C Wined 

2-6 Unchanged 
■Pi Tola! is; J’i 



lo25 1360 

68 t 843 

573 613 

2834 2816 

38 27 

SI IQfi 

Sep 9JJ2 952* *52e — am 

Dec *SJi 9S3 9521 +0-01 

Mar °SJ0 95.12 95.14 +00) 

Jun *498 9409 94.90 — OOI 

5«P 94.76 M.U *468 +0.01 

DCC 9405 9AM 9*M +002 

Mar 9405 94JJ2 *J33 +00? 

Jan 94.18 9414 94 15 +0.02 

Sen 9404 93J9 9X99 +002 

Dec 9X89 9302 9384 +004 

Mar 9X77 9169 9369 +002 

Est. volume: I62-S68. Open Int.: 119735. 

mum - pis & 32mfs onoo pa 
Jun 106-10 105-20 105-34 +0-11 

5m 105-07 104-16 104-19 + 0-10 

Est. volume- 104661. Cwen Int.. 121,865. 
DM 250690 - pK Ol 100 PCS 
Jun 9445 95.96 96.00 +0^1 

Sep 9509 95 53 *i5J + 022 

EsI. volume: 216071. Open ml.: 0 2040*1 . 


'“tnpilei. S iV rri-’ii L'-\ruh nc. 

“The dolljf K>.'k - like ii'.s head- AMEX Mosft AcSves 

NEW YORK — The market ing lower." said Bill Arnold, chief J 

.jxim “buv the rumor, .sell the fact" 

cialed fwign vvvhjruje irjdx nr. 

0 j* a.* i he dollar fell despite 
ic Federai Reserve Board's raisins: 

r ‘ inlereai rates Tuesday. 

“Unfonunatelv the rate move 

£id been talked aN>ut for such a 

currency dealei Chemical Bunk, j 
“Market pan-ci pan l> liu- e eon- ( 
eluded that there v.nn'; be an' ■ » 

more riiic increase in me Umurti 
States in the near future. Vim Ae ' 

Other analysts agreed that the 
dollar'* failure in respond to the 

VoL High Low Lost Chp. 

88*0 W M Ut. l-~ 

8747 4*- 1. 45'. . jjuTj - j 

AMEX Diary 

6890 1-k U<- 1-. 

g;A! AS" I. 45'. . Jju' 
iiu> ie*. i7- 1 '8 

5;Dii Jt i 8‘4 l*‘ 

inei a . p. 4 

4*4i 78’ . ! r, i 2*' 

J908 5 a'. 

4437 33'+ 31' 

3561 3- -i, - ,u -i 
1191 Ml'-! 1* 




Tuial bsueJ 
New Lour. 

>.1 775 

750 J21 

704 229 

BIS 875 

15 9 

21 38 

High Law 

II J. dollars per metric 




















160 iO 

19* J0 
















Est. volume: 10^55 . 

ABS Indus! 

Adla Services 
Avkill Inc 
Briggs Strofton 
Coates tnc 
Ensrcrn Enterprise 
Expedllpr Wash 
Fsl CommerceCorp 

Fs] Indiana 

Fit Mktwcsl Bncp 
Frond ford Carp 
Freds inc 
Hancock Hold 
IndecendenceBn PA 
Keilniev tnstrum 
Kerstone AmEaulN 
Kevstone AmGvSec 
Keystone AmTxFr 
Hev stone CuSI B1 
Kevstone Cast B4 
Lowvors Tllle 
Morgan BlonleyGP 
MS Bancorp 
Nil Sanitary 
Omni care Inc 
One Valiev Bncn 

JJS 6-15 7-1 

.04 5-27 6-K 
4fl 6-10 6-74 
66 S-Z7 6-30 
4)5 6-1 6-15 

JS 66 7-1 

JOS 6-1 6-15 

dosing some stores. . -. r • • 

Analysis had been expecting a profitable quarter, and WoohrorthV 
slock plunged S2 lo $15 on the news. . \ (Knight-Ridder, Bkmtterg};: 

5 m m 6-15 n£w YORK (NYD —In the fire t plan of Us lype in Ae cqiintiy. Time; 
o .» 6-2 6-u Warner Inc. revealed that it intends to use its cable-tdevision sysiemm.- - - 
o js 'm m Rochester, New York, next year to provide tetephdiK service to reader- ^ = 
a 25 tio dal and business customers in competition with the local phone company", v 

















































6- JS 










64» phone competititm, reaching a prdhninary agroonent with the Rrichesief V_- 
tS Tdephone Corp. In exchange for giving Roaiester Telephone mere freer J 
dom to retain profits ii earns from greater efficiency,; the company has 
offered a program for letting rival companies conned with its network., 
The ability of rival companies to connect with a traditional telephone - 

157.00 155.50 156.75 '56.75 +025 *<UWox omourl per ADR. 

>2 time *. that when it e- emujIU h 'Sher raio d ? d n.u node well U>r 
1 • ineLUiTenev. 

Market Sales 


Foreign Exchange 

"This is a dangerous- steiuno for 
the dullur." said Hunt Tavlor. man- 

sjppened it was probably an anti- 
]imaA." Naid Jurgen Lindemann. 

ins Corp- a Shun Hills New Jer- 





N > 5E 

337 J0 






374 43 


r^ad of foreisn exchange trading at se - v> currenc . v *‘ rm - ^ c 

Undard Chartered in LondonT Mr. mgesi weapon . government 

Total ASU-.-4 
Nl'« Mr3tli 
Ni-w LC.vs 

purcaki Furoitm-f 6 .15 6-i6-H they were using the same company. - - : 

rs nor metric ton-Wts of IMIom Roto-Rwfer Q .14 5-27 6-10 _ a O 1 XT 1 JT* i_- Tl C Jc— ‘ 

3S is! ii ill !SB£. I S til Foreign Sales Help Campbell Soap. , ; 

lSjfl 15275 15425 15425 +075 adb. ^ 525 CAMDEN, New Jersey (AP) — Campbell Soup Co. reported Wednes- 

15700 155.50 156.75 <56.75 +025 Kltwcm omounl per ADR. vram/Mv . r-« J . r T . , ■ 

i5el5a 15775 15450 153.50 uiks o-aimuoi; B^ovooie in Canadian ia«fs.- m- day that overseas results lifted tBird-qcarter earnings 13 percent despite a. 
!JSS IS^S iS-S yiFTc — im« »auori«Syi « - M l — id 4 percent drop in overall sales. ... - 

The company reported profits for the quarter ended May l of $119 
million on sales of $1.57 billion. Last year, earnings for the same quarter 
were $105 million on sales of $1.63 t^Dion. 

:rude oil (ipej — Campbell U.SLA. sales dropped 8 percent, to $913 million, and operating 

^"77 t ^2 'xTTi earnings dropped 2 percent, to $150 nrifficn. The international division 

££ !iS? um ItS gSSSAfcft » rqxated a 40 pertxntincrtase in operalixmrarnmg, butyls far the paiod 

itno isjia 164K- i(lm +oj4 iron fob. ion 2i3joo 2iiB8 fdl 2 percent, to $380 million, conjured with $390 mini on last year. . . 

NT 159.00 + 050 


U J. dot lot-5 tier borrM-loK of 14M0 barrels 

Spot CommodKh 








Aluminum, lb 








+ 632 

Coffee, Brat, ID 









+ QJ6 

Copper electrolytic, lb 








+ 0J4 

Iron FOB. ton 










+ 0l37 

Load, lb 










+ 0-15 

Sliver, troy 02 










+ 034 

Sleel (serapl. tan 










+ 034 

Tin, ID 










+ OJO j 

Zinc. ID 




■ 83 

Esi. volume. 38X62 

Open mr. \ZUSP f 

Varig Pilots Offer a Rescue Deal 

vandard Churiered in London. mti >n c eM weapon i c ‘ ‘Vcrnmvm — 
: The dollar dnwd in New V..rk at h:1 ' IO defers *t‘ currenev i< -nicr- 
n5oS DeuLwhe marLv down irnm ^-si-rute policy. If ihut doe>.T > 0-S | 
i-iir. r-.« i t.. . j i r .ii wore, noihine will jl 

6720 DM Tiicsdtij. !• fell to 
•3.500 yen from 104525. to 
ranch frano from 5.‘ 7 2 < *.' jnd i« 
4085 Swiss franc.' from 1.4225. 

work, nothing will." 

But some >oid ^nv declines were 

S British Telecom Seeks Global Expansion as Competition Heats Up 

SAO PAULO (Bloomberg) — The pilots' union of the Brazilian airline 
Varig SA is offering concessions in exchange for an equity stake to try to 
save the company, a union representative said Wednesday. The union 
wants a role in Varig's talks with creditors, said Luca Bettini, a vice 
president with Chase Manhattan Corp.’s Chase Bank. The union retained 
the Chase unit as a finan cial adviser, the bank said Wednesday. The 

On Tuesday, the Fen pushed u P . " e ™ ™ 

is federal funds and discount rate J‘? r , *?- v - ^ lL-:c - s A vs 1 , ^‘ P° len 

iikelv to be radu il amid eener-U Continued from Page 9 puDing no punches in its marketing where cable has swiped “thousands “BT s market share can onlv go company plans to lay ofT 2.600 workers to save $6 million a month, 

market sentiment sharp Ji'lbr AT&T’s because BT faces otmpeii- acvordingloproieci one way. and thaVs downT 'said p n - jL- 

l 1 '!^ would be quick tv niei^v o*n- uon for local service a> well .is Iona ^hing a t5U mdhon advemsmg manager Jeremy Stafford. The Mr. Heywonh of Robert Fleming TOr me iieCOHl 

fsrtSs cencd central bank intervention. distance, while AT&T. >nly has had campaign feawnng the actor Bob troops will attempt to sign up cus- Secunues. -Sir I-ain s objective is to Briggs & Stratton Corp. announced production shifts that will 

On Tuesduv the Fen pushed up ""ere not going down in a ma- to deal with long-distance cha I leng- J? vaunI range of tomers to sample, at no cosl a host moderate that loss. about 2,000 jobs out of the Milwaukee area in the next few years 

Briggs & Stratton Corp. announced production shifts that will move 
about 2,000 jobs out of the Milwaukee area in the next few years. The 

V half a percentage p-int. Fed ua! of seeing ceniral bank interven- 
iniis. which i‘ the rate bank^ u " n : M r - L'ndemann said, 
narge each other Tor overnight . Llu > d BeniiCn :. ^ ;'' S . Tre . a ‘ 
wis. m>» have a perccned target ^ ur > ^reiin\ -^id Weonoday he 

= •services. The campaign has already 0 f value-added network service. Mr. Heywonh said that BT un- company m^es small gasoline engines and auto locks. (AP) 

. raised the hackles of womens such a> call-waiting and call-for- derstands that only by giving up .|^7 - - ... , . , , 

The 5tt-vear-»ild executive vaid groups for its ponrav a I of females warding. ° significant numbers of its custv> Northrop Gruumjan Coal's chairman, Kent fvresa, said he expected 

would fight on even from to ^ -natural” talker-. * Despite these efforts, rome ob- mlrscan it "get the regulators off ^ company^ achieve ^rbhsdigit earnmgs growth for several years 

- «-vn- - J .. UIWIV WllUlto, 7VIIIL A'Lf 

keep his customers. There.' iu; What is more. BT will try to servers said Sir Iain's warrior its back. 

f 4.25 percent. The di>count rare, hoped ihe . ed 
•hich is what the Fed charge' bank' wnu ** 

•r erncrat nev I* >ans. >' v5i’ , i>.Tccnt. Jol,ar - ri 

ie n^ulator’s gaze, 
ic strategy calls for 
eaulated, high val- 

startingin 1995, from a 1994 baseline. ... (Reuters) 

Calgeue Inc. said the tLS. Food and Dn% Administration had declared 
its tomato growth enhancer safe to use. The FDA found the tomatoes 
grown from Plavr Savr were as safe as tomatoes raised by conventional 
means, the company said. (AP) 



5Knon Season 
Hufli Low 

Open Man Low Close C*a Op. Inf 

Season Season 
HOH Law 

Open HWi La» Oase Ov OpJnf 

■4fiK>rFi4(i,.lr(.w Mil. 18 

Close Pr«*. 

Via +5500 31 rd Pfirti 




Si' 5 64 

Season Seaaan 

Hion LW 

Open W-ari Lew- -Dw C<0 Ire 

Mo if - Tue'scoeninl 58JI11 o fl 1419 

- SUGAR-WORLD 11 fNCSE) 1 1 WOO s»i - c-m err Bx 
.324 9.15 Jl4 *4 MSB 1226 1285 1223 

1220 »450ct9£ 1113 1226 1729 1221 

95890 90400 JUTl 94 95.180 *5270 95.160 V57KI -38JW.I92 
*5270 90260 Sep 94 *4290 MJ10 MJBD «6A78 -W«33,176 

-11..; r ^ 

• . tu 


+n.c.‘- rr.i.-i; 

m ‘ m 

*CF Hd.a-1 , 





111.10 100 JO 










;k21S Nobel 

210 217.70 






1 vt* 













141.20 14150 













48 JO 

4* JO 

Previous : 1867X8 


313 314J0 

: *- I 
; 1 : :a> 

7.r2 I SMiaHfif. 


^ A M2 


£ IS KSfcSSS™ K B«ica,re«C.el 

vit Alcaiei Alsihom 681 68* H hp 

I-ii I Am 1390 138; I n^.o 

j to* Tir** - 

f Ccn’lor 

e '» Aji CCl? i nfl B 

e.fl JJJ l 

1 Pearson 


Hunler Douglas 
IHC Calond 
inter Mueller 

752T 7«J0 
7*30 7820 

1 WjytM ion 

jj Hong Kong I ’ruaeiiiiai 

30 Bs E-4SI Asia 3420 3325 . 

B? Cowav Pacitic 11.30 U SfSf'l* Co1 

no r 

JJ 5 5 >,| p 

J-S Bouvnu^ 

I waiwesi <26 425 rlriSSr 

| nthWsI water 4. >6 5JK 

•5 Cerus 

i *? iSj Cr.araeurs 

4 *. Irs Clmenis Franc 
iT; I-S: Out Med 

XBl JJIH P II. Am ilfnlrw 


“g Bougainville 
'K* '“0 cotes M»er 

m ” gg— 

88' M5 ?sr 
■'ufii ^ Fosters Brew 
iu7n n/S Goodman Field 
.iS ICi Australia 

fJr-f Au«1 Annlr 

-75 4‘. 


,2 i? A< ! . Clneole* 425 aM 

xsS 1« Camlnco 22'i 23 

”5* Cannes) E*pl 27=6 23*3 

2 4 M Denison Min B OJM OXU 

*■% Do la sco 2U„ 21 

,5-fg Drie, A 0.B3 DJ8 

’im tml EcnoBav Mines l^e u»7 

-?-{* Eauilv Sliver A 0.84 [L88 

M; I'tn Inti N-O. 320 

,1'S Fed ind A ato 7 


'S-S 'S-i! Fletcher Chalt A 19i+ 

N.o. laO 

6to 7 

2.0! 207 
3JC 126 

6** 6’ 4 

0.46 046 

WHEAT (CSOT1 s.oouaumfcvfnun'-a*jr>pert>'.i>m 
172 100 Mai 94 122 375 322 12< .807’.' 

3J6 2.94 lulM 125' i 130 X23W 324 -002 : 

JSP* 7JH 5ep*4 XJ0 3 - 3J4>./ UPli SJB’-i-Ot!’. 

165 709 Dec *4 l®'.; 144*. 137'- 3J8'i— 0.C3 

J56'> 127 Mtv*5 144'. -7 147Vi 143 J.S3 -OOO’i 

145 XliWMav 95 US — OCT' : 

lCVi 111 Jul95 323 123 325 323 -0.01 

Es;. sales is.ooa Tue’s-sotes 
.T uesooeninl 43.041 UP ITS 
WHEAT tKBOTl 54031X1 n+m-m- sxan per bg*xl 
379 W XJH Mar 94 129 179 129 129 -0J»Vj 

9.15 JU *4 1205 1226 1205 1223 +026 52354 95.180 90J10 Dec 94 96.HU WL258 94060 MJfflJ «7ia<06S9 

9450a9£ 1118 1226 1209 1221 *020 0204 95J60 90240 Mcr9S 9X920 94030 93J50 94000 - 10264.159 

? I J Mar 95 11.77 1193 1177 1127 *0.10 19047 94730 90710Jun9S 91700 9X770 9X610 91710 H0I99J00 

IX57MOV9J 1175 1109 1175 1106 *0.15 2995 9L570 91J ID Sep 95 91410 10210 0290 91480 *60179J4B 

1027 AH 9j 1169 1179 1129 IJO »0.U 1JM 94280 91.180 Dec *5 93300 91308 91770 91740 ♦ 40 138^77 

DJ7Cyi95 ’.I U 1175 1126 JJ73 +828 » 9L220 90750 Mar 96 93230 91230 93.170 *3208 <.48130,131 

1028 Mar 96 1170 -008 39 EsI. sates MA Tue’A sates 6692S3 , .... 

Est. sales 26100 Tub's, sato 17285 Tug's men W VS2261 aft 2511 

iinll20371 Hi 2012 BRfUSH PCX7NO (CMERJ ipnrmnJ- 1 paMeancHIlMi 

!2»6 124742x194 IJSIOi 12*70 UQH . *74 4X87B 

,®»* AHW 1748 IV IH6 M5 —7 30084 ljjga 1244DS0P*4 12010 12090 12W0 1JH70 *64 2294 

■ ■■■Ol invcnti OJi'tl 0 ■ I JZT ■ I QmII-mi 

Inll Nederland 74.^0 75.70 I Gheima I'.ono 3* 75 3825 I , 

Dee Grinlen 




Robe ca 




Roval Dutch 



54 jo 1120 China Lighf Pwr 45 4020 f-J? Hava-, 

51 JO 5020 Dal™ Farm ini'! 12 1170 ffiSSff* J-Jj imelal 

8020 M20 Har.a Luna Dev 1320 1XOT ?■& f 1 ?? Laiarw Cw 

8020 8020 Mono 5an9 Bank 5320 5120 g"[J?J ! ari;e 1« 1*1 Lw3nd 

Si 20 50.50 Henderson Lund 4X25 41 i'v, L»ar t Fou» 

54.10 54.70 H" Air Ena 4X20 4320 Seal 45* 4 3 j Oreal (L'l 

79 B0 JO HF China Gas 1620 lt.10 “s L.V.M.H. 

W20 i:o.40 HK .Electric 2410 1320 fcB ft!-.*.. Jl! ?■?? Molra-Kocr 

co in re in VI ►. Land 714C XL50 z® 1 ■JfACOS 5 5u -*-*•' Mirfipiin fi 

ISlSlUw HK^TrusI “oSTa &»*”*' “? ^ Ma3E«. & 

« OTRri rt5,Rf. Halrilnr. AV 91 IU I Dnwhn, 

ss S'” Es&r w 'ss HwtaS** 1 *n ^ 

■S jxio 2>4o SWSSffl j 13 i™ K2B2SS - "" ,ne * !S? 

s i s°' -g-B a a a.. 

9.04. fL°0 TF’?L jssSS 2ft Nmndv Poselflon Z35 135 

i M iri LOtoW COPPW OTT 1 ill ? JQ "l««J 

IS ! ,w Leorand mJO MIO '' 4 nco 

5+S v, LvOTi Eju» 60? 5*a JS U0 Inlerprov via 

i% las *=!? WwiernMInta* 797 tm 

iS LS Matra-Hocn.lte .2 a70 . 2^*0 S 13 

§ g K* B fiS”B (Spur :nu> 

5 Im Paribas «li. to 409 90 Previous 701620 Maple Led 

, .r Pechlnev Inti 773 173 Marltl ine 

5 71 268 Psmod-Rtcorti JIO «6 Map' 

120 120 fiowpi 86.1 htb . Tokyo XZ22R*. n 

6 4 ig 1C67 AtBlElec , r 475 480 1SZSJB1Z 

529 52* ,*2 Asahi Chemical 

1»20 120 40 HK Electric ^10 ZBJ) 

5* JO 5*20 Land 2146 22.50 5“: n MS 

131 20 12a 70 HK Really Trust 33 31.20 I Scat Power 

9T *780 H5BC Hatdlnps 8720 84 I 

30620 J0720 HK Shono Mils 12.40 1120 ?Kf 1 rn Trml 

48.90 49 HK Telecomm 1520 1420 | HTCl 

1*320 194.10 HK Ferry 13.90 1L2B 

Van Ommcren 55.70 5*20 I Mulch Whamnoo 3220 30 I SSilSfifSUo* 


AG Fi.i 
Co be PO 
Elect rafter 







Raraf Belae 

VNU 184 18320 Hvsan Dev 2X90 3X10 |5? !H rilim B 

Wolterst Flakier 117*0 11320 J«irdlne Malh. 60 5720 

EOE index • 41X84 Jnrt "» Sir Hia 3075 3920 

Pmloin^41Ml >'.b«roon Molcr 1520 15 30 I“!* a L,le 

rxondarin Orient 11.40 11 jo 

Miramar Hole I 2220 2<20 Thoni EMi 

New World Dew 3220 7*20 Tomkins 

SHK Prnas S3 48. '5 JSB Groua 

IS 5lelu< 325 320 HU I S? , * T . 

+7M "7V. Swire POC A 58 5620 UWB'SCUil* 

MM Tol -iheunj Prps 1120 11.10 VKlofont 

7?H SIS? TVE 230 3J7 *°r. Lt,on3,s 

B4M Whorl Hold 3120 3075 WtfgBNIt. 

iSS 100 wins On Co inil 1180 rl^xi SPSjWwd^ 

24U 32* 

123 172 

120 120 

4.05 4 

5XW 5jK 

Paaiorecnmaue W7 5« 1 

■ l*U1IIU |i»SJ M 

3*3 | Naranda inc 

151: «5V» 
17 IBXi 
32 311* 
36*9 35+. 
36l« 3 Sto 
309t> M’, 
18A. 18*-: 
21 21 
24 to 34 

»** 7+. 

60 61 
129» lJ’b 
2SVs 35 
Bto Bto 
33'9 Z3to 
S 1 '* S’? 

Z7\* 26ln 

X60 XU’S DSC 94 IJO 1419: US’- 3JA 

1S3- . 37J Mar *5 3 42 143- 1 US’ : X3*' 

3J4 3JI*:May95 3J4V 

1245 j X32 ■: Jul 95 3J8V 

Esu soles 4272 Tue’i soles 3.1*0 

Tue's open ini 21,727 all 159 

CORN ICBOD LOU av miwnum- cMan wr Btnnri 

L3Hi MOV 94 2277, 2.75'/, 126 1*6' 1 

Z79’/j 228 Vi Mar *j 7.43'T Ufi SxJVi 223to -0Q1V, 

LK 223 Mav*5 227 171 U7 16’ 4 001 898 

into 154 Jul *5 2J0 172 2.48 228 *0JJ1V. 2244 

7-W 1 -: 143 Dec 95 720 15J 149 149 rOOI'-i 1010 

EsI sales loo.noo Tue’s. lates 3X831 

Tue's Open int 263.513 rff 249 

SOYBEANS (CBOn MMfium>wTun.dDlon»luiv1 

i3o 3J3 S5FS 1 ?** ^ I Mahl Glass 

Ti] Roll. SI. Lay, 5 
2J4 2J* Hedaute (Uil 

II IU0 |«ln'G«win 

2.4? 246 8.5'fi: 

'Jr 'IS f BanK ol To*vo 


581 566 ^. n 
M7 MS +^rS: 

■'4' ” 4* 1 * C " D - 

218 IJO 5ie Generale 

335 80 3325 RE,' "!PBOnP r,, ll 

NorarWa Fares! 13'* lJi* 
i?2 Norcen Energy I5 Mi 15Mi 

lja -mi hem Telecom 43'.-? 4Ht, 
1530 Nova Coro N.O. 11 

1690 Osttawa 30Hi 20to 

PavurlnA 325 X5S 

17*5 Placer Dome 30' a 7*to 

V* ifi SSiSS S^.1.85 

!*? I Poco Peiraieum ID Vb w. 

5950 59*0 «S™. 

%r\ Total 33535 

MJl 43 0* lJ - A - P 1S4 •' ,I 

^ ^ VdlK 134: 

UT 558 CAC 40 Index . 2183J9 

1S4.90 1 5320 pS'i'annlt 
1345 1333 iSTL 

1360 136? HON Semi Indei : 947624 
6370 6370 I Previous : *044.78 

I! 70 11.40 Wllllnmi Hdai 167 J*0 Prevmos : *1*5.17 

vx , a a. j Willli Cnrroon 240 235 

GIB 1610 1610 

GBL 4445 449(1 

Ge-yaen 9*30 *950 

Kredletaank 7000 70W 

Petrol i no 1 1 coo 10875 

Poweriin J440 3+1O JOndr 

RoratBeloe 5650 56*0 t,ECi 

Sac Gen Bonaue MUl MIC 

Sac Gen Bclstaue 2700 ?ms S«iloAmer 

Soflna 15525 1S500 aorta* 

Saivav I61W 16050 

Trodebel 1042* 10700 giilleta 

UCB " ,<w 

Union Minlerp 

F T. 30 inaex : 246X40 
Previous : 7468.90 
F.T2 E. 100 Index : 31 1620 
Previous : 312321 


tECl 3620 T, 

v * ,r - '-" J — Full Photo 

CAC 40 Index . *18329 Fu Hsu 

Prevraos : *1*5.17 Hiiotdii 

iHiinchl Coble 
Ito VoVodo 

— ; Hocftu 

Sao PaUlO Japan Airlines 

Banco da Bra:il 3*2)1 ’5 K^n^Povier 

«« '1 RSSSUTBEm 

Braoesco 22 1*J- rirln Brewerv 

burg Madrid ,l S >»js pSPafSl 

“ri! SSS SIS S3SS»—. SSEff" 

?2S 23T Bonco Sonfonder 6?30 6J50 Fej™«ttOs .J~.0I l?0 K.vocera 

?2S 31 Bonco Santander 6?J0 6350 r v ’ r ° oro 

3720 1*20 Banestb 1125 1 170 Te'ebros 

* * CEPSA iw t?k vaie Rla 

rjoru N.O. - 

Ravroch 18’s up* 

53? Reralssance JIRi 31’Y 
tJM Rovers B n*s l«f 

Kommans BO 80to 

1000 Roval Bank Can 28 2B 
,£S Sa*»reR« O’- 13'* 

SCOttl HOSP B 8 

SSJg Seaaixnr 39’i 40Vq 

™ Sears Can 71, 

52 Shell Can 43to XJ‘-= 

^5* Sherrill Gordon liv- t|’ } 
-640 5HL Svstemhse *Hi *V> 
Souttnm IBto 18to 

'430 spar Aenasaace i+^i lev, 
2° -SieicoA 8>« 8'.- 

.SS! Talisman Enera 79 to 32 

Teck S W-s 3468 


59J'.*.Mav74 68* 



7 06 * 0JMV| 


5.941; Jl/I *4 




7X3 -02199 65X99 

: 15 

638 Aug 94 680 



6.*6to -ILE 



6.17 Sep9J 



65b' . 

674 ,0Jlto 








613 la i*i 




64K9.- *O.I9to 

6.1B Mnr« 



621 Muv95*JW 

667 ' n 



624 Jill 95 





SJIVjNov 95 




627*1 ♦0.11V, 


Esi.-xScs loaiwu rue's, soles 43^4? *2X0 

rue's onaiinl 1417*7 oil 13*1 9X75 

SOYBEAN MEAL ICBOTJ i»««v rnnr.iw tr 9285 

232JB IH42066m-«4 l*XSJ I9SJD 19020 19X00 > L30 80S 92*5 I65J0JU194 19030 196 10 19030 19X30 -U0 36.302 9X80 


[NCSE1 loirweteten 

- Soar Ion 

W Ail 94 

—2 360*4 







—5 17.717 

1041 Decto 





— 6 



1077 Mar 99 





-8 H2X93 







1229 Jut *5 





1265 Sep 95 





1250 Dec 75 








1350 Mor *6 




Ed sdes 13.984 Tue'LMte 7M> 

Tue 1 * Open Ini 84-530 

UP fl 







to 40 

tIJO 14X16 


*5X0 Sen 94 





♦ 1X5 



9625 Nov to 


97 JO 

77 JS 

97 JO 

♦ 070 



*7 JO Jan 95 




79 JD 

♦ 040 



** .75 Mar *5 






lODJDMay *S 




105X0 jm *5 




111 JOSeovs 

EU. sates 1X00 TWS. setes 

Tin's open int Z1X67 

aft 143 




TMMflrW 102.50 






74.1 D Jun V4 







1 1.10 38.791 





♦ un 



75. 73 Dec M 





r 0X5 



76*0 Jan *5 


♦ 075 


73X0 Feb 95 


♦ 085 


73X0 Mar 95 


79 JO 



*7 JO 

76X5 Mav 95 




97 JO 

7600 All 95 





101 10 






79. 10 Sep 95 





• 075 





Est. sales IXA. Toe’s, sides 9266 

Esi. sales NA Tue'xsdes 35JH7 

Tue’SDpenW 1ZUB0 up 1*27 

JAPANESE YEN (CMBt) IPTVWl to to WM l i seiaiOM 

q0Q995aLa0«71>xl94 tU n*5 8SLII 0W fl3Mi n» 5 «niWW 77 +106 7 JIO 

PJ1001SU)DB«CSep** 0u0 H9M a n . nn 976nn.OO * 6600L0W7«5- tig SJI6 

020998* *98 67 

O.ODW97 —101 1*4 . 

17174 OASHiunM 07023 07110 07016 0.7183 

rue's open ird 3*^75 up 1657 

7775 Nov *5 HJ27H «085 202 

8SX0 Dec 95 7770 91 JO 97 JO *655 +075 47* 

8820 Jan 96 9625 +075 

UTOMartt 9X65 +075 

*480 Apr H 9920 +b.« 


.1?® ma> 11520 Auo *4 1B820 195.80 18880 19110 ,520 14^2* Es). sates )*JW0 Tile's, sales. 1X874 

ljto 13 * 31020 I B3. 1 0 Sen 94 IB7J10 19220 18720 11O.4O .5.10 8.711 Tue sawn w) 61.199 off 131 

B • 30420 I80.000CI94 IBX80 190 00 18420 18820 .520 5445 SILVER (NCMX1 UPm»u -cmn.pnrrav 

79; 71, 

43to XJ‘1 

J*I? • Esi. sales 34.000 T wry sates 15,588 

1*J, l6to Tue's open iri *4 J23 off W 
»>* s -- SOYBEAN (ML ICBOT1 amu-att. 

Currenl Shdi uwlex . 7U551 j Gencor 

Previous : 781224 


46 46 Drcoooos 

107.75 109 26 Endesa 
5120 54 Ercras 

920 I01S Iberdrola 
GFSA 103 I Oa Reosai 

Harmon f 25 2*20 Tabacalcra 

Hiohveid Steel • _2B 2* Telefonica 

Kind* 4220 44 c r newral i, 

rt Nedbanlr Grp Pt+vious ■ 333. 

R-mdtcni-in 3*.. 5 *1.,5 

^ Rirsplai 7920 86 

‘jg ‘m; ifiSiSS S ,K ^ Mil 

'j™ jn Weslern Deep .5. .«2 Bcnehon woui 

1120 483 Campoilta Inde* : 5388J* OP 

740 -m Previous : 5451.48 Cred Mai 

I »20 *35 f2M, l 3? rr ' 

ST Ferhn 

OJO M3 : 3 F ini SPA 

8 ^ 8*328 London SSh an,C0 

52152320 Abbey Nan 4 08 X0S ^ erol ‘ 

i<L|5, 0 2i* Allied Lyons 5*» 595 n alCBfn 

^SisUiS *rioWH9HK 3.90 2.J2 Itoioas 

•'F' 11 Group 321 353 Ifalmooiliarc 

JT0C 32K Vaie Rio Dace i»SD 
23*0 2380 rang 17 

67*0 4770- Bov*spo Indr* 1 7909 
i|i 139 Previous : 16483 

iros 5320 4B20 Maisu Elec Infls 1720 1710 

Rid Dace Mo Isu Elec Wkj 1180 1170 

I 170 1Tb Mlliubtshl Bk 2740 27b0 rSrSarB 

Mitsubishi Kosei 527 522 j Tronsoifo Uilf 

i As*0 



.1 BASF 

320X0330.43 1 

•! Borer 


: Bar. hypo bant 



- Bar Vereinsbl 

461 JO 





. BHF Boor 

41 1J0 


1 BMW 

93* JO 






8 *08*3 JO | 


e Dl Babcock 


785781 JO j 






F Kruiw uoescti 










. Hoechsl 






. Horten 





Kdii Sail 






39^4,1 f&SFmW' 13 ™ 

79*20 " *86 

S ,K S Milan 

■lj? N^ | Sfif"™” 

i5. .{I Bene hon orouo 

1015 993 

45*0 *605 
*300 41M 
'*25 1675 


Crreoos 344 

Ctt, Dev. 7.9C 

DBS :ij£ 

5720 c roser Neave I8.4Q 

1*5 Genlira l£9tl 

2*105 I Golden Hone Pi XJ4 22*1 Nissan 

Mitsubishi Elec 
Miisubism Hev 
/AllsuDishi Corn 
Mitsui and Co 

Mitsumi 1*00 1*20 

NEC 11*0 11*0 

lie H6K Insulators 1070 HW> 

345 87<r Nieva Securllloii 12M 1260 

7.*0 X70 Nippon KoaoKu 987 9*7 

11J0 It JO Nippon Oil 

18.40 18 Niapoii Sleel 

1490 1840 HiPPOn Yusen 

AM gj. j TronsCda Pise 
Trlfon Finl A 

'J£ >122 Trimoc 

tb* Trtiec A 0J3 0J* 

231 ,25* 'Unicom Eneniv 125 N.0 

iSo 1 ™ is« SS*“^5 ,Ufl 

070 106b Previous . 




71 J0 MOT 9J 

29 J3 







21 J5 Jut 94 








71 65 Aug to 





21 to 



22X0 Sep 94 







hi ns 

22.1013d 94 

26 IE 

29 JD 



15 'v 



72.00 Dec *4 

21 *5 

78 JI 




18‘ • 

77 to 

77X5 Jan 95 









27 JO 


77 JO 





54. 63 Mar *5 


27 JS 


27 JO 


0X5 . 


74XS Jul 95 






37IXMoy 94 








SI SJ Jun 94 

531 J 

531 J 



► IS 


371 X Jul *4 







549 j 

568 0 

549 0 




597X Doc to 






401.0 Jai 95 


4l6JMar 95 

USA - 5 

41 3X Mar 95 




470.11 Jul 9S 




4910 Sep *5 

589 .U 





539.0 Dec 95 





- 2J 


Jan 96 








COTTON 2 (NCTN) XnObi-«Alw6 

8X0 53.30 JW 9* BOjOO B0A5 KUA HAS 31JM 

7645 5921 Od 94 7X75 7SJ0 7X75 H.10 -rfiJJ XWD 

7430 59.48 Dec *4 7360 7X00 7X50 7XM rO» IJE* 

75A5 5220 Mar 95 7X50 7X8] 7428 . TXB tMJ M55 

7020 Jut 95 7X75 75JH 7S60 +8.V2 lg 

71 80 Oct 95 7225 7X40 7X35 72A5 +0.15 25 


-XU 3,970 Tue's open mi 119.947 UP 3463 

.075 1.303 PLATINUM IlWWai) «-Mnrrlnir« 

■0.7Q 709 40X00 40X00 May 94 39920 —020 

Eiri sales 37800 Tufi sates 21. HK 
Tuesooeninl 100X54 iV 10*3 

• 0.75 153 437.00 357 .00 Jul 94 3*780 40380 39780 J*9J0 -OJO 16833 jijg 



Pluvious : 5451.48 

2985 I Haw Par 

322 3X81 Nomura 5« 

76u0 Hume industries 5 sG 5js| S. 77 


3705 'ncncaoe 
2^26 K epnel 
1485 r.L ‘leDono 
71*0 Lum Cftano 

5.45 5 {5 OH mpus Optical 
11A) 1140 S l .°"2 rf 
3U3 X9D g'«h 
127 12* Sanyo Elec 

270 22*0 Oba Geluv B 
8890a CS Ho Ml nos B 
1088 Eletlrow B 
2TAQ P teener B 

2210 I /Aola- on Bant,u e as 8 B0 1 

*-?? Hlonlefllson 

■ n 

;i . «rtK 

3' yw* 

'VI '-' l? 

■f bMSiii 
’ ‘ Jurfein 
- stsarr 

Koufttof 53120 231 HP 

KHD 1S2JHIR20 ant Airways 

Kloeck ner vverke 172 171 KIgos^ 
Unde *<3 *26 sris^t 

Luimonw 1*1 l«CJ5 Sr i Telecom 

MAN 46520 465.80 hTP. 

Wsriftnmonn 472*7720 Cabtr win 

Melollgnell J6’27*20 cSd»ir» SCB 

Muencti HuecK 3195 JJW caradon 
Parscne 845 8S7 c«t5 vivetra 

PWA 1400 2? tjS Union 

RWE 48047820 iccoJw 






i A J J Ja | p A j 

<■?* Pina scenic 

424 425 Saiaem 

12'. i"S? San Pooio Tanno 

3.04 19J 5i p 

q iU i« e xcj izr 

Tern Assi Risn 

143 t« 3 ,B lm ‘ eJ, ii? 1 

1-5“ ! — Pmirur. • 


anso oub 

16100 UUE 

5740 5*mbCW3i--> 

51200 ShanarHc 

18056 Sime OaHr. 

1532 SI A 
3010 5 pare Lane 
5675 S svr Press 
32350 Sing Steamship 

J1.90 11.70 Shlmcrau 
7 Jo j 25 5hlnelSiu Chem 
£20 £ 40 Sony 
13x0 13*0 Sumllomn Bl 

525 520 Jelmoll B 

1700 1690 Landis Grr R 

685 683 Moevenptck B 

20*0 “SOW Nestle R 

5*40 6000. Oerilk Buehrte . 

2200 2250 Porgesa Hid B 

5 40 5J0 Sumitomo CTiem *84 487 Rocfte Hdg PC 
3 88 X*6 Sum* Mai Ine 1000 1000 SatfO H+pufalie 

10B90 S'oore Tewcomm ii* jj* TOjr 

4400 51 rails Trading X67 3X2 Tflihn 

11050 UG0 ia*ri it kn Tokra Marine 

4610 UOL J.l, 2.D9 Tokyo Elec Pi 

«40 Straits Times uxl : 23X116 
2685 Previous ; 230X49 i5*?. , L ,na 

3*000 TosAinq 

5860 Tuvalu 

33450 Tomaicnt Sec 

a: , IDA 

7E5 7*0 Sumnama Melol 288 2*1 SandO* B _ 

7 45 ;jrt loisei Cora 695 700 Schindler B 

N> r..E Tnishp Marine 940 838 Sulier PC 

19C J 90 Chem 1250 1230 SurwflllO - - 

1250 1230 Survelllmc* B 2155 212D 

4700 4740 Swiss Bnk Coro B 410 410 

515 52B Swiss Relnsur H 602 6 

1340 1350 Swissair R 7o7 766 



ICMER 1 ijnir.- 



66X3 Junto 






66 10 




—IJO 19X51 

6 SI 

71 10 

68X5 Od 94 





74 JO 

70 15 Dec *J 



69 IT 

9080 Feb *5 







72.07 Aw 9J 


77 J5 



6* 70 Jun V5 



68 90 

E»L sale: 

12.7*3 Twri. sates 1JJ29 

UO 1 <U4 



UUflD t.ri - croT% 




73 JO 

420 : 

76ISAug 94 






7635 Sea 94 



74 92 


-1 50 

152 ■ 

76 40 Od 94 





77J0NOT to 





671S ' 





132 . 






*6 JO Aar 96 

TV 07 





1X35 Tue's. Kfln 


Tue-superifil 14.092 

DH 17 

435JB 368 00 CM 94 40000 40X00 400.00 4D7J0 -OJO 3,705 cim 

429-50 37X80 Jan95 402J10 40x00 40X00 40X20 —OJO Ultt 

47&0D 39000 Ad 95 40X00 40780 40500 406J0 -OJO 1J08 taja 

EN. sides NA. Tuts, sates 3J8J 
Tub's open In 21.939 oM 356 

GO LD (NCMX1 w%m Dr-dmnRttrwo*. t*uS 

392.60 178. 60 May 04 mm *040 , j™ 

5X00 41. 00 Jun 04 4685 47JS 46J0 47JO “*“5 

57 00 41.J0JU194 47X0 4X30 47JS «1 rUJ 3WJ0 

5560 070 Aug 94 48.15 «J0 4100 4X86 *072 MJ15 

57.17 4380540*4 49 JIO 4*80 *80 .4*81 *0J2 Tl.llB 

57 JO 4X900(2*4 5025 5050 SUO *71 9072 4.W 

»30 4X00 Nov *4 5tL90 51 JO 5080 5161 t« W 

K-J3 4&80OK94 51 JO SL45 5170 52*6 rBJJ T4^ 

62J5 4X25 Jan 95 SUB SZBS SIM 5101 '0^ MB 

»75 47^5 Feb 95 5775 5275 JOTS 52.91 +ft77 X«70 

57^1 4780 Mar 95 51 JS 51 JO 51 JS SJ1 r!U7- 2J» 

5580 4385 Aar 93 SX56 -077 

S»38 4780 Mov 9S *76 *077 , 

5180 4X79 Jun95 «Jt +02 !*£ 

50J6 4785 JUl 95 49JS1 *077 1^1 

« JO 4780 Aug 95 SL16 *077 563 

WTO 4X4SSCP95 SI 86 <077 1S4 

Est. sales NA Tup's, sales 2*816 

Tuo s open int 140,987 ofl 1303 

Jut *4 38X00 >050 

41580 441 50 Aug 94 JS! 10 *« ml unsn B5J0 1050 27840 

1X15 Jul 94 T7J3 1787 1741 1782 iMB 1 !??* 

HOGS ICMER] aim Hr. .frails owte 9688 

5677 45.77 Jun 94 SOJS 5010 4900 49 10 — IJ5 IJJV1 96.10 

J5J? ASJOJulH 49 H 5000 43.70 49 90 -1.07 B839 *105 

■l»AU9W JKIIU JStBI 1UU 1050 27801 *S>i MHlTeu iilG i.TL jjXT ■ • US 438X1 

HXOOOCIW 30670 390.70 TB6JD 3BJ0 -080 X*I5 iJSSSJ? Ua* 1780 Sot 

UlDarwu tmhi lum <mum mm • a HI linn 5~r li-WSHlW 14.94 17.35 >4" “-ff Tw’Ilf 

41180 JUJOfSw J4M0094 I486 I7J2 1X71 17.2 *«*)*•”? 

417.00 36X5DAJT95 39780 397J0 J97J0 BM0 -OJO 58M JfS g-S IMS E3 iflXT VM 

j m m Jftl.70 Jun9S tmm :om rr-?? w.wuecW lft-W 17.35 WJv T/Jtt +vai A/tme 

411S0 39QJDAufl9S 406-30 OJO 11B JI 1 ® 15.15 Jim 95 ItW 17 I&9I 

411» iS3o SaS ZofS itw i7_22 i4M ,S'S? 

IOOJiODec9S 41X00 41XO0 41 IJO 41X20 -OJO AJSt SjS !c«5S^« Un 7J30 

I ZJOFabft fl*ao —OKI ilTS ILSSAflrJS 1AJ3 1683 16.93 IfcTJ ..’iH 

W800 Tuc-5. sales 26864 15J3Jun*5 17JJ5 17J9 1783 1780 1LXU 

iM 144JB4 ll-P. 685 jut 95 17.19 17.1? 17.19 17J9 1-085 1*7 

- - i?84 1630 Sea 45 1782 17J2 17 JO 17 JO +827 44JJ 

Financial ^ ,,J0 17j “ 

iraW-arTB 95.62 4404 21897 »» “"-‘ffk— .KO* 
9X67 Sep 94 9585 *S 13 *585 7113 1 006)184 ?I?2 4X1DJW194 JDJ5 518* 5015 51 J3 +0JS 3J.S00 

9X15 Dec 94 94.74 9X75 9X67 9X75 *0.” 7J11 Km 5J2 S35 3JS IMS ton liM 


1ST. HALS (CMER) ll«s»te-,*s B ll00«! 

96.76 95J» Jun 74 9550 9583 9586 9163 

9686 9X67 Sep 94 9585 *513 *585 7113 

v-v ..MW i — ... 4685 A.jg *4 8140 440 47 07 47 20 —1.27 X020 Esi sates NA Tuoto sUcs 4.260 

J.l, 2.09 TofcvoElecPw 3250 3228 U BS B 1151 1133 »JS <38000 94 44 72 44J3 X3JS <337 -080 3. W0 Tu* s wen int 408*7 OH 565 

33=116 Too pan Printing 1360 1340 * , S5f , J’ ur ® ,2’ .L 30 <38 SD«k9i *XS) 4X50 0*5 44. ID -X65 2.748 SVR. TREASURY ICSOT) iiB04i.rmMni.auiw 

4444.16 Torovlna 668 6*7 Zurich AW B 1J74 136* 50 gg 43.IOFet|95 44 to 44 60 4J95 4480 -087 553 112-05103-015 Jtai *4 105-07 105-16 105-045 105-1X5 — 11 

TesMBQ 791 7*B 4080 «9a7Uv*S 080 4080 4280 <280 —083 MJ 110-1*5102-12 Sop 94 HU- 14 104-30 106-09 104-195 IDS 

TovulD 2010 17*0 SOS Indei : 768.91 SI 80 4? 80 Jun 95 40 90 44.90 J*J5 48.40 -037 SS 102-01 101-26 Doc *4 lffl-311 ios 

Tama lent SOC B93 063 n—ulont ■ 944 n ■ -- 4S.95 47.MJ895 <282 -846 5 EU. sates 50.500 TiwsmIm 49804 

a-, IDA previous . t*xjo _ ESI. sales 4.716 Tues W. t.lltO Tue'looonW 303J30 ua 446* 

^ N*l«1K*m — Tuc-iopopuO JIJO on 133 to YR, TREASURY (COOT) limmunu- ct-.s mmcriaix 

m r.TSri.T 3 XSijF i PORK BELLIES ICMER) JUHte-mKHia 115-71 107-11 Jun *4 105-20 105-27 105-06 IK-21 . « 

i-l — KHA; ™ 1 3JL, bl 9a XLSJMnv*4 45JB 45J0 4X15 111? — 1.3» 190 115-01 101-16 5*0 94 104-17 l(n_iS |Cte4B 1M-23 . n 

?+} S* P?Srte5?T l4M SS5 it-i? t!“ S-1» HMI l»-I5 Dec 94 103-27 ira-M 1 03-ID 103-79 - « 

t*U 14. TC ™ n - “** . 59 JO 41. 85 All* *4 *385 4X0> 47.00 <730 —117 I860 111-07 1 00-05 Ma- 9 51 03-07 IGJ-06 102-27 103-06 • 13 

’4J J2f 41.15 I9.10Feb*S SUM i!.«0 W.I5 »IS -IJ2 738 105-23 **-» JIM95 t«^3 - u 

~TJ ^ — • 60.90 3680 MW 95 5IL50 50J0 4*J5 4985 ,|JS 2b Esl.safos 105.105 Tucs sales 91963 

1.8 Toronto .* SBJ»Muv *5 ».» s «5 Sl.n 52.75 -0.50 11 Tuc’sapaniiO 796.707 aft llM 

n 5 -ii 4K..KP .« 1- UI i L ■ . il-SO 51 id All *5 5175 I USTR6ASWI7 BONDS tOOTJ MkI-iwabhohx Ber.ei 

;; AW I'Bi Price 1$?* '■ ft 5 easy lo sabscribe SO 10 49 7SAUB93 5000 —A 10 3 119*29 *im* Jun *4 105-13 105-X) IM-MIU-IO - 04 

i ? Jf “Wlco Eaelr 15;- ISto . _ , . ESL sates 2J*t Tut's.^^ I,W1 1IB-M 90-17 iep 94 104-16 I04-J0 103-78 104-13 . at 

.?** Alruanapc fto 6»u a Bo h liHUI Tue'sopenirl 7.925 up 13 118-08 oi-i* Dec <4103-58 itM-0S ifla-io 103.55 . S 

170 ITT 
3*3 3.6* 


7*1 7*8 

'2* SBS Indee : MB.** 

683 863 Previous : 94X78 

05 102-01 I01-26 Dec to 

x *2 1*5 Montreal 1&* A 

vi, I Alton Aluminum 31 JO 1 , Alias loom 




Jchcrlrig 1 


Siemens 7? 

TTnrssen 30 


Vebn M 





DAX uutev : 224741 

Pffevfout ; |SSJ* 

& if! IKMSS? - 

S-0 S.4S 

4.45 £ «: 1 

3a IS 3 -, | Etectiolu4 B 
43 44 1 Eritsw 

j'9! ^!5 ! Fiscns 

304j05bx» GEC 

343 3+3 j uenT Aee 
54LB053&5G 1 GlarQ 

3.1! JO* 
5J1 *-TJ 

3*0 3?0 Grcmd Met 
S73 466 SRE 

5 Jb SM 
4^4 J5I 

5!9 53.20 j Guinness 
W4 *40 GUS 

t.TB Mi 
X*J 4*1 

HLBC Hkfoi 


Bombardier B 







18' j 






tr ryStlO'' B 


Norsk is.crc 


Dcrchue A 


Riccsrdio aF 


Sanovl* B 

: ” 

Non Bt Conocg 





Po *er Carp. 


1-E Betife- 



Quebec Tel 



Skcncis c 



25 1* 

Quetwcsr A 





vtuebccar P 









Treti*b*ra 0F 






M M 


4 80 

■odmlrfots inaei 

1933 68 





Previous ■ 1197 64 

.Previous • "9S4.78 

Canadian Pacific 



5.05 43 88 Mar *5 9480 9485 9X44 9X55 -ail 311 2« S* ixS linS 

!sl sates N_x Tmrs.setcs 4.268 -O.90SPP* 4 SB. 35 S1J5 50JS SI JS 'fSK 

"ite's rum uit 40867 OH 565 50JO *10DaM 4085 47J5 688S 4*J5 1 JA7 1W3 

VR. TREASURY I COOT) iiteMeo-a oft mopo “?> “^Dnc*4 55,15 0.48 JB.15 S13S »087 *« 

17-05110-015 Junto IBS-W I0S-I6 105-045 105-145 - 11 186816 H-*- Tub' x SOtes 23J17 

10-195102-12 Sop to 104-14 fOa-M 106-09 106-195 105 17J07 Tucsaoenusr 9)899 oil 1820 

m Wifcte ei 225 : 201S3 

Prev tons : 20134 

3,1 7“' Topi* Indei : 1635 

t xo 144 Previous : 1636 


B's easy lo safascribe 

<152 Mnv *4 45 JO 






39 JO Ail to 







41. 85 Aug to 




47 JO 

—l 1? 


W.lOFeb *S 




M 15 

— I-D 






49 J5 



50,00 Mav 95 S3.ft 






SI JO All *5 



49 75 Ana 91 




Esi. sates 56.500 Tuo'x sates 49804 
Tue*5 ommi rfl 303 JEU up 446* 

WYH. TREASURY (CBOT) iioaocuenn- N-. iCratiiy itOM 
119-21 102-18 Jun *X 105-2(1 105-27 105-08 105-23 . 1J 3J4.7S4 
115-01 101-18 toe 94 104-17 104-25 KM-OB 104-23 . 11 Si.S 

Stock Indexes 

111-07 100-05 TJkv *5103-07 101-08 102-27 103-08 • 13 
104-22 99-20 JUH95 102-21 - U 

8 5f OOUP.WOGX (CMERJ 9 do.u» 

g SfJ5*"’J 4 ‘"LTS 'SX85 44875 45X20 «aS5ltoJtl 

4 2j^S S«S5gPS» 45715 <31 JO 45X60 '160 17 JM 

. «.10 429 Jg Dec 94 456.10 4».*S 4JU0 45780 iIJO 7JTt 

Efl-sotei NX Tue-x sales 75,973 
Tur'lOMn ini I2L516 IS> 1285 
. !^ c a*« , .tNDEX INYFEJ teumsmaewn 

pist eafl to H- fr oo ; 
0 800 1 7538 

118-26 90-12 Srt9J 106-16 IM-JO 103-78 104-13 • at 6L3te W.M 741.00 >o 94 34*55 252X0 249X0 25180 - [JS M. 

118-06 91-19 0*0*4103-28 104-00 103-ID 1M-2S 06 14X13 Hi 31 ™ 'SO*:9A Sj? <1« 

116-20 99-14 Mar *5103-13 103-13 102-76 103-07 - 06 7.144 gL73 HOSMorfS 2S1H -»1.*S- *4 




bl 25Mav to 17a DC 


Ilf 00 


■ « IS 



64-90 Jut 94 120 40 


118 00 

174 *s 

•4.10 20671 


4150 Sh> *4 11725 

124 50 



< 2.50 I5JI4 

123 IK 

77 lOCicrto H4.I0 



III «0 



170 JO 

7090 Mar 94 HUH 



i 1 5XO 

■ 345 



92.50 MOV 95 


• J50 



85X0 Jut 9) 


■ 158 







ESI SOte- 

l*,T72 T«V -.air- 


H5-I* *0-15 8*1*5102-13 102-23 ito-B 102-2S • Os 

112-15 99-00 Sep M 102 XT' - 06 

10-14 98-71 DkTS 101-70 1 W 

1T4-7K «*-2J Mt¥ 9fc Hl-U - 06 

894 N.A TiWsuks 3X77 

135 Tuc tawifl J8I3 eft 111 

104-07 87-06 Junto 92-06 9T-I4 *1-77 ?7-0J - II , 

95-17 86-13 Sa>«4 91-IJ *|.|j 71-00 «|_n , ij Moody 5 

BIMOOLLIM (CmCbi umtai a-.iilieiie 

Commodity Indexes 


Woody's 1J7280 

Rejitcra ijbjo 

OJ. Futures 144.47 

tdm. Research 230J7 



\\ed^ J 

j&M "• 

L2-'« . v; '*’ 

.JjiT C^'] 


7^1.1 n.i'- 1 • 

Kntpf H '"f 

n.sen b? 

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1 -. , r - 

:ht' ... 


mould '»» • 

tr. a ” 

exter..-'- 1 ^ 

-liar #« :s :”AV 

-. 'mi 1 > *’ 

1 ati h* -"** ' 

, r. r-r:--- •*«- 


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3:- t r-" ~ 
x'weJ'h i« 
‘ot*» n:rf.V! 

1 n,r.-i— . • 

i fe: 

\V« - :c 

r ■ • j 


■= •: . ^ %• 







*9 38,137 


07060 Sep 9* 







07038 Dec 94 








. +11 



+ 12 



07138 Seo 95 



- 2 

Est sates OLA. Tuo's. sfles 


Tub's open int 42X98 

aft 29 

GERMANI8ARK (CMB2) Iptr mob- 1 paM 



OJ607 Junto 






. - 















♦ 55 


0-58 ID Mar 96 




< ■. "... 

* v- : 

i - $$-‘t 

c; ! - to : . 

Ji l. 

s' i,-: 


•■? Ijyto.-r 

i- ; * ><- 


fl ftl 

It ^ ‘ . 


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l! - "l-^r- “ ■••rv". S ‘ ;; '!J. 

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-,. -r .; . V'.- l :-. 




Page 1 

11 ■ P affl* -s 


Krupp Sees Payoff Soon 
From Steel-Sector Cuts 

Bla,nc " W DM w ^0.0 dm in Frankfurt 
* * fcl > -Germany — Fried, trading. 

Wwlneirti.- ■« sai1 * Mr. Cromme said there would 

KteSS’.Si" * million Dnil- again bea“slithllj iwgaiivc" rcsuli 
rr® 3 ? 5 . g« *n the first from the stcd division in 1994. All 

® uch »««er results other divisions were profitable last 
viJTL “J™, 1 "««cd stedmaktag di- year except machinery, which had a 

visioft would enable it to break 
even this year. 

Last year. Krupp ‘s net loss more 
ian doubled, to 589 million DM. 

than doubled, to 589 million DM. 
•Tom 250 million DM. The coxnpu- 
ny was hurt by operating losses of 
780 million DM from its steel unit, 
Krupp Hoesch Stahl AG. 

Although steel prices have only 
risen between 5 percent and 7 per- 
cent this year and are way below 
the levels of two years ago! Krupp 
said its drastic reorganization 
would improve (he 1994 result 
sharply. Provisions have been tak- 
en to cover most of the costs. 

“The new group structure, the 
extensive adjustment measures and 
the synergy effects have created the 
conditions for a breakeven result in 
1994, even with a continued weak 
economic situation." said Gerhard 
Cromme. the chief executive. 

The company's shares gained 2i 

“slight" loss, he said. 

Sales in the First quarter were up 

5 percent on the year and orders 
were up 12 percent, the company 

Like its rivals. Krupp has been 
hit by price pressure and increased 
competition from Eastern Europe- 
an and subsidized Western Europe- 
an steelmakers. As a major supplier 
to European carmakers — with 20 
percent of 1993 sates accounted for 
by the automotive industry — ii 
has also felt the effects of a massive 
slump in its customers* sales. 

To cope, Krupp closed one steel 
mill last year and laid off workers at 
others. Altogether, the workforce 
fell by more than 10.000 last year, to 
just over 78,000, and will fall by up 
to 7.000 more by year-end from 
72.000 at the end of April. 

The steel workforce will drop to 
J 5,900 by the end of this year front 
22^576 at year-end 1993. 

"Krupp has already gone a ways 
down the road from being a pure 
steel producer to a supplier of raw 
materials and will continue in (he 
future," Mr. Cromme said. The 
pure sieelmaking activities now 
make up less than 25 percent of all 
sales, and that will fall further as 
the focus shifts to goods and ser- 
vices tailored to customers' needs. 

“The traditional cooperation be- 
tween automobile producers and 
suppliers is changing fundamental- 
ly.” Mr. Cromme said. Suppliers 
are being required to do work that 
until now has been done by car- 
makers themselves. 

Krupp'» total sales in 1993 were 
20.5 billion DM. 6.421 billion DM 
of which came from its trading and 
services division. 

That is less than the 6.853 billion 
DM in steel but was achieved with 
about one fifth the number of em- 
ployees — 4.685 against 22.576 in 
steel. Unlike steel, the trading divi- 
sion was profitable. 

Knipps said that where future 
job cuts come depends partly on 
the outcome of ongoing talks with 
Thyssen AG ■ 

! Z Iberia, 

Recovery in Japan « 

And U.S. Unlikely p^Hilge 
To Aid Europe 1993 Loss 



Lo ndon 

FTSE 100 Index 



ABB Rebounds 
OnLmver Costs 

Bloomberg Businas A'm 

Brown Boveri AG, the Swiss- 
Swedish heavy-engineering 
conglomerate, reaped the re- 
wards of lower costs in the First 
quarter, as pretax profit rose 32 
percent, to S246 million. 

Although revenue declined, 
ABB increased operating earn- 
ings after depreciation by 18 
percent to $481 million, partly 
due to lower personnel costs. 

ABB said it was seeing “a 
gradual recovery” in demand 
for many of its products and 
services, which range from 
budding power plants to restor- 
ing die US. presidential yachL 
Investors were impressed with 
the earnings, and shares of 
ABB’s 50 percent owner. 
Brown Boveri Cmp, rose to 
1.288 francs (5906) on the Zu- 
rich stock exchange from 1,275. 
In Stockholm, however, class A 
shares of Asea fdl to 640 kro- 
nor (S82J1) from 644. In 1993, 
ABB took a S596 million 
charge for restructuring, as it 
laid off staff and dosed plants. 1 

Russia Pledges End 
To Diamond Leakage 


MOSCOW — Russia promised 
on Wednesday to plug disruptive 
leaks of rough gemstones on to 
world diamond markets, but called 
for modifications to a marketing 
agreement with De Beers Consoli- 
dated Mines Ltd. 

A joint statement issued by the 

year deal that aims to protect 

But claims that Russia is bypass- 
ing De Beers and allowed dia- 
monds to leak onto the markets 
have soured relations between the 
two sides for several months. 

Russia denies it has been selling 
diamonds in breach of the agree- 

Rusrian governmem and the big menL g ut ^me officials oppose 

? '.’A: 

j South African firm said both sides 
remained committed to the existing 
deal, which expires in 1995. But 
changes were needed. 

The two sides were committed to 
taking all steps “to curtail Russian 
rough gem diamonds reaching the 
market outside current marketing 
arrangements.” the statement said. 

Russia and De Beers are the two 
biggest producers of gem diamonds 
in the world, and the South African 
concent controls some 80 percent 
of the global market through its 
London-based Centra) Selling Or- 

Rnssa. South Africa's ideologi- 
cal enemy throughout the Cold 
War, sells 95 percent of its rough 
gems through the CSO in a five- 

.‘ll-TM.U. - ."?•?. . . •' I . V • 

cooperation with the South African 
company, claiming they could get 
belter prices for their gems else- 

De Beers said the agreement that 
Russia can market 5 percent of the 
gems it sells itself means Moscow 
has adequate ways to check that 
prices are fair. 

The two sides started a new- 
round of negotiations in Moscow 
on Tuesday to uy to dear up out- 
standing issues and they said in the 
statement that they expected talks 
to continue. 

“Yesterday was only the start of 
discussions and I can only say that 
it was difficult,” said Leonid Gure- 

By Carl Gewirtz 

International HendJ Tribune 

PARIS — Sharp upward re- 
visions to projected growth in 
North America and Japan will 
do little to improve prospects in 
Continental Europe over the 
next 18 months, the Organiza- 
tion for Economic Cooperation 

and Development is to tell na- 
tional policymakers meeting 
here to discuss the outlook 
Thursday and Friday. 

The OECD also raised con- 
cern that world stock prices 
“may be vulnerable to bad 
news” and that a collapse could 
upset could seriously damage 
the economic outlook. 

Although “the worst” of the 
European economic downturn 
“is past,” the secretariat report 
prepared for the meeting ac- 
knowledged that recoveries m 
Continental Europe “are other 
very weak or only just now being 
established” Even this mediocre 
performance is highly dependen 1 
on Europe achieving a substan- 
tial rise in net exports, although 
the study notes dial a strong rise 
in corporate profits “could give 
an upside risk to the outlook ” 

The secretariat also worries 
that falling household savings, 
expected to play an important 
rote in the European revival 
could be negatively affected by 
a sell-off in equity markets. 

“Share prices remain high- 
even allowing for the prospect oF 
rising earnings,” the report 
notes. “Price-earnings ratios in 
most markets are now either at 
levels which are unprecedented 
over the last decade or. at least, 
on a par with the previous record 
levels prevailing shortly before 
the stock market crash of Octo- 
ber 1987, so current prices may 
be vulnerable to bad news.” 

The secretariat says monetary 
authorities must be prepared as 
they were in 1987. to counteract 
the impact as the “wealth effects 
(of a crash) could be greater than 
in the past.” 

Another concern Is whether 
the sell-off in European bond 
markets this year, which has 
pushed up long-term yields, 
threatens recovery prospects. 
“There is at least a risk in this 
regard,” the report says. Howev- 
er. with inflation declining 
throughout the next 18 months, 
short-term interest rates also 


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Continued on Page 12 

should ease — to a low in Ger- 
many of 4.3 percent, half a point 
higher than an earlier forecast. 

The outlook for Continental 
Europe, virtually unchanged 
From the forecast six months 
ago. estimates economic growth 
or 1.4 percent this year rising to 
2.7 percent in 1995. As a result, 
unemployment will rise from the 
cunent 1 1.7 percent of the labor 
force to a high of 12 percent 
before inching’ back to 1 1 ,9 per- 
cent by the end of 1995. 

By contrast, the U.S growth 
rate* has been substantially re- 
vised to 4.2 percent this year 
and 3.1 percent in 1995 — up 

? Share prices 
remain high, even 
allowing for the 
prospect of rising 
earnings. 7 

Bloomberg Business Sera 

MADRID — Spain's state air- 
line Iberia SA announced Wednes- 
day a 1993 net loss of 69.77 billion 
pesetas (S504 million), more than 
double 1992's loss of 34.82 billion 

Iberia blamed the poor perfor- 
mance on the crisis is the airline 
industry, a drop in passenger load 
and greater financing costs due to 
three devaluations of the Spanish 

Iberia has undertaken an aggres- 
sive cost-cutting program, but 
losses for 1994 could reach 40 bil- 
lion pesetas, said Juan A. Saez, the 
airline's managing director. Most 
of those losses would come from 
Iberia’s holdings in Latin America, 
particularly its 30 percent stake in 
Aerolineas Argentina*, the compa- 
ny said. 

With the backing of a group of 
Spanish banks. Iboia last month 
agreed to extend that slake to 85 
percent in order to save Aerolineas 
from financial collapse. Iberia also 

F M K U • 
. 1993 1984- 

Exchanae: ' .. Index 



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FraariSuaT 7 " 
London . ' 


A£X • 416JW • 

Stock Index 7355^21 

DAX ' “ ^28741 

FAZ 859L27 

HEX ■ 1,831.69 

FtmncalTjmss 30 

FTSE 103 3,11&SO 

Qeneraltratex 337.71 

MtB ijxnjoo 

: 19M ■ 1993" 

tfte toe s da y.Prev. 
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1^01 JOO 




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4ia8l- . +0-54 like ^ 

?JB4Z6i +0.5*; G^ r i 


855.35 +O.40 hip aflW[ ( 

1,8674)8 3 

2,4683$ 4L1B dCS,g i,^ 
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2,195.17 * 051 ' «r pat b 


^78 -037 ^? 

455.00,, +0.5gj or thjd 

964.78 +0/43- v ezda D 

*-h Air K 

InCcnmiotuT HerJJ Trifwr 

Sources: Reuters. AFP 

Very briefly: 

•*r. ^ 


irei V it 

I.l and 0.4 percentage points, 
respectively, from December’s 
forecast. These latest figures are 
even more optimistic than the 
projections announced only last 
month by the International 
Monetary Fund, which saw 
U.S. growth of 3.9 percent this 
year and 2.6 percent next year. 

The dark side of the forecast 
is a steady updrifi in U.S. infla- 
tion despite a gradual increase 
in short-term interest rates. In- 
flation is estimated to be run- 
ning at an annual rate of 12 
percent and seen rising to 2.6 
percent during the next six 
months, to 2.9 percent in the 
following half year and to 3.2 
percent by the end of 1995. 

Over the same period, three- 
month interest rates are expect- 
ed to rise from the current 4.2 
percent to 6 percent. 

For Japan, the OECD esti- 
mates growth this year of 0.8 
percent rising to 16 percent in 
1995. The forecast is sharply up 
from the OECD’s December 
projection and a tad belter than 
the IMFs April report, but the 
secretariat admits that “despite 
some positive indications, it is 
not yet clear that recovery has 

percent »n order to save Aerolineas • Vir gin Group, the airline and retail company owned by 
from financial collapse. Iberia also Branson, said it would join a bid to run a high-speed Channel Tm 
agreed to a capital reduction of 144 Jink. The government is seeking bids to build the rail line betweeretanuj 
billion pesetas as a way to help London and the Channel TunneL ershit,.i- 

tosses of 166 billion pese- . SA said it was in talks with J. P. Morgan Co. over tP m j‘ 

, , , . . , possibility that Morgan's Corsair Fund might increase its stake of 3. -J 

Under Spanish law a company percent in Banco Espano) de Crtdho SA. J 

absorb its losses of 166 billion pese- 
tas since 1990. 

Under Spanish law a company 

must reduce the value of sharehold- .... , . 

er capital when losses exceed 50 * Men± AG of Gennan y «» d « planned to acquire 51 percent c *- 

percent of that capital The capital Amerpharm NV, a Dutch manufacturer or generic medicines. s 

reduction will be followed by an • The European Union said it had authorized a joint venture bciweelSt 0 

injection of new funds. Exxon Carp, and Royal Dutch/ Shell Group to make plastics in France 8 

“There are two principal ways to • Bank Leona's former chairman. Ernst Japhet, was sentenced to I- 
inject funds.” Mr. Saez said. “We months in prison and fined $300,000. the heaviest punishment receive,., 
can seek a subsidy and go through by any of the 10 former executives of Israeli banks found guilty c s 

Brussels, or come up with our own manipulating bank share prices in the eartv 1980s. otccs ^ 

^fi ll Ses^ h o[ * ^ whg AG, newspapar company, said it would paya^. e 

IM .Xi n , tn n„r n nnri unchanged dividend of 12 Deutsche marks after reporting recently the e 

3H£S .‘ mt " mC ‘- pmfit^penxo^VlmlUonDMCHlsSn,. 8 Uwl 

Teneo is the Spanish govern- • Fold Motor Co. said it would open a research center in Aacfaer’aleri 
ment’s industrial bolding company. Germany. Reurea. AFX. AFP. s/«vn/wtday. 

said 1 

■ KLM To Race Big Order Cri- 

. s British Unemployment Falls *"■ - 

bus A-3 10-203 aircraft with new. X J 

jets from either Boemg Corp. or Bloomberg Business News numbers win bring forward the dat^ed 

LONDON — Govmuucnt dala when Ihc Bank al England will hme- , 

Teneo is the Spanish govern- 
ment’s industrial holding company. 

■ KLM To Place Big Order 
KLM Royal Dutch Airlines NV 
is looking to replace 10 aging Air- 
bus A-3 10-203 aircraft with new. 
jets from either Boeing Corp. or 
Airbus Industrie; Bloomberg Busi- 
ness News reported from Amster- 

dam. The older could be worth released Wednesday showing rising 

numbers will bring forward the daiascd 
when the Bank of England will tune- 
tempted to notch rates higher." re a 

The government said persona 01 * - 

: a a - w uen- 

more than $600 million. wages and falling unemployment in The government said persona 01 * 

KLM is considering buying Britain reinforced analysts’ pcrcep- income rose 4.0 percent in Marctf^ 
Boeing 767s. the more modern Air- lipns lhal Bntish mflalion « on the above analysis’ expectations for ; 

bus A-3 10-300. or McDonnell- 
Douglas* wide body MD-1 1, said 
Hugo Baas, a spokesman for the 

“I think we can rule out any fur- 

Dutcb airline. Mr. Baas said a deri- tber cut in interest rates,” said Ndl 
sion is expected within a few MacKinnon, chief economist at 


wav up and that interest rates will 3.5 percent increase. Another re 1 ^ 
follow. pan showed the number of peopl? 10 

“I think we can rule out any fur- P 01 of.woik and claiming benefit^ 3- 
ther cut in interest rates,” said Neil April feD by 36,800, brining lhi“ al 

MacKinnon, chier economist at jobless rate down 10 9-5 percen**- 
Gubank. “If anything, ihese wage from 10.4 percent a year earlier, y* 

— % 

_ _ _ rs) 

Luxury Goods Ride Out Recession in Styles 

Bloomberg Business News 

PARIS — Even ai ibe depths of Europe’s 
recession, the lavish, travel- themed windows of 
Louis Vuiuon's flagship store tempted an envi- 
able number of wealthy buyers. 

Now. with consumer confidence growing and 
Japanese customers taking advantage of the 
strong yen. sates of Vuiuon’s classic monogram 
handbag* and new “Taiga” line of green calf- 
skin business accessories are booming. 

“We managed to avoid most of the ravages of 
the recession, and now we’re seeing a lot of 
demand.” said Lidie Le Ninivin. a Vtriilon 
executive. “The Taiga line especially has been 
very well received." 

Like Vuition. other luxury-goods brands 
such as Christian Dior perfume and Remy 
Martin cognac also rode out the recession re- 
markably well and are in position 10 make the 
most out of the recovery, according to industry 

The secret, they said was a canny mix of 
clever marketing, a willingness to reduce prices 
selectively and genuine consumer demand for 
quality products even in tough times. 

Fran 9015c Etienne, luxury-goods analyst at 
Paris brokerage E1FB. said: “Throughout the 

luxury-goods industry, consumption is definitely 
picking up. partly because people wont to make 
themselves feel good during a recovery. You can 
sec it with Hemtes and Louis Vuitton, and it’s 
the same in the perfume sector with Dior.” 

LVMH Meet Hennessy Louis Vuivloo SA, 
which owns Vuition luggage and the Dior per- 
fume and fashion bouse as well as Hennessy 
cognac and Dorn Pfcrignon champagne, con- 
finned business is buoyant when it reported 
that first-quarter sates jumped 28 percent from 

Among perfume and cosmetics companies, 
analysts said the stray is similar. Dior has seen 
sales continuing to grow in North America and 
the Far East aid recovering in markets such as 
Japan, France and Gennany. 

Us perfume and cosmetics sales rose 7 per- 
cent in the first quarter alone to 1.5 billion 
francs, helped by the launch in March of its new 

Tendre Poison perfume and increasing sales of 
its Svelte and Capture Lift beauty creams. 

its Svelte and Capture Lift beauty creams. 

The buoyant business outlook is encouraging 

a year earlier, to 6 bOKon French francs (about companies to look for acquisitions and alli- 

a $1 billion). 

That reflected surging demand for cognac 
and leather goods, and more modest growth in 
champagne and perfume sales. 

LVMH. like Rimy Cointreau SA, which 
owns the R ferny Martin cognac brand, relies on 
the Far East for more than 30 percent of its 
sales. While it has suffered from the contraction 
in Japanese corporate gift-giving over die past 
18 months, a major source of revenue, the 
company now believes the worst there is behind 
it and that sales should start to recover. 

LVMH cut Japanese cognac prices by about 
10 percent earlier this year in response to the 
strong yen and to preserve market shore. 

ances to cash in on consumer demand and fund, 

In late April, LVMH announced that Dior 
would take a major stake in French perfume 
house Gueriain for 2 billion francs, co- manag- 
ing it with the Gueriain family. 

The move makes LVMH with Gueriain the 
world leader in high-quality perfumes, with 
about 20 percent of the key French market 

Investors have responded enthusiastically, 
with LVMH stock outperforming the CAC-40 
index of French blue-chip stocks by 20 percent 
since the start of the year and taking the shares 
to a two-year high earlier this month of 941 



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China Predicts 

Growth With 


Risk of Inflation 

Tokyo ’ s Big 4 Rebound 

Commissions Rise at Securities Houses 

A gene e Frame -Prem 

«U«HO — China forecast 
Wednesday its economy would ex- 
pand by 12 percent in the first half 
of the year, an announcement that 
pKUfc its goal of pegging growth and 
inflation 10 below iO percent look 
increasingly unrealistic. 

In a report carried by all major 
newspapers. Wei Liqun, a spokes- 
man for the State Planning Com- 
mission. said industrial output 
would grow by 18 percent from 
January to June, compared with 

the similar period Iasi year, while 
fixed-asset investment and con- 
sumer sales would rise by 30 per- 
cent and 22 percent respectively. 

Nusantara Looks 
To Set Up Joint 
Venture in U.S. 


JAKARTA — Nusantara Air- 
craft Industries Ltd. Indonesia's 
state-run aircraft maker, said 
Wednesday it was studying the 
possibility of setting up a joint ven- 
ture in the United States to manu- 
facture airplanes. 

“We are seriously studying the 
possiblity of establishing a joint- 
venture company to assemble or 

E reduce our N-250 airplane in the 
biited States,*’ said Jusuf Habibie, 
the research and technology minis- 
ter. “Some aircraft industries there 
are keen to join.’* 

The N-250 is a medium-haul, 70- 
seat commuter plane that is due to 
make its maiden flight in April 
1995. Each N-250 will cost $13.5 

Mr. Habibie, who is also the 
president of the slate -run compa- 
ny, refused to say which U.S. air- 
craft makers he bad held discus- 
sions with. 

A Western economist said the 
forecasts suggested China would 
have difficulty bringing 1994 
growth below 10 percent. Growth 
last year was more than 1 3 percent. 

‘In the first quarter, they said 
1 2.7 percent growth was a seasonal- 
ly adjusted figure in line with real 
growth of about 10 percent.” he 
said. “There’s not much seasonality 
in the first six months, so if a a good 
indicator of where they are really 

Mr. Wei, however, was upbeat 
about figures for the first four 
months of the year, saying they 
reflected the sucoess of reforms im- 
plemented in recent months in the 
hope of cooling down the economy. 

Industrial output grew 16.4 per- 
cent in the first four months, over 
the tike period last year.while fixed- 
asset investment rose 38.4 percent, 
Mr. Wei said. The figures were 
down from 25 percent and nearly 70 
percent, respectively, between Janu- 
ary and April last year. 

The official said (he slowdown in 
fixed- asset investment had created 
a stable supply of raw materials, 
predicting that this would help 
bring down inflation in the second 
quarter of the year. 

Inflation was running at 20.1 per- 
cent nationwide and some 26 per- 
cent in big cities in the first quarter. 

However, the economist said 
China was unlikely to come any- 
where near its target of bringing 
annual inflation down from 13 per- 
cent in 1993 to below 10 percent 
this year, despite efforts to control 
the rate artificially by reimposing 
price controls. 

“Twelve percent economic 
growth really is too high to be con- 
sistent with bringing down infla- 
tion.” he said. 

Mr. Wei also pointed to a recov- 
ery in state-sector production in 

Confuted hy Ow Staff fnm Dispatches 

TOKYO — Japan's “Big Four" securities 
houses, benefiting from a recovery in commission 
revenue, announced their best earnings figures in 
three years on Wednesday and forecast further 
improvements in the year ahead. 

Bui the pretax earnings posted for the financial 
year ended in March bv Nomura Securities Co.. 
Daiwa Securities Co, NikJto Securities Co. and 
Yamaichi Securities Co. were still down sharply 
from their record earnings performances at the 
turn of the decade. 

“Despite slowdowns in individual consump- 
tion and capital investment, the stock market was 
relatively firm throughout the year, with in- 
creased turnover." said Nomura. Japan's largest 
securities company. “But sentiment was not dra- 

A Yamaichi executive warned, however, that 
he did not expect a sharp rise in earnings in the 
year ending in March 1995 in spite of active cost- 
cutting efforts. He said any economic upturn this 
year is likely to be moderate aud a full-fledged 
recovery was not likely until well after March 

A major factor behind the earnings recovery was 
the boost to commissions which accompanied a 
rebound m equity trading. 

Buoyed by heavy foreign buying, average vol- 
ume on the Tokyo Stock Exchange soared to 390 
billion yen ($3.73 billion) a day in the financial 
year ended in March, up from 140 billion yen a 
year earlier. 

Olber positive factors were increased revenue 
from underwriting, which accompanied the first 
public share offerings ia four years, and a rally in 
the Japanese government bond market for most 
of the year. Revenue from investment trusts was 
buoyed by booming markets elsewhere in Asia. 

Nomura posted pretax earnings or 50.7 billion 
yen. up sharply from 2.38 billion yen a year earlier. 
Nomura also said that its operating revenue 
climbed 16 percent, to 399 billion yen. Tbe compa- 
ny predicted earnings would rise to 90 billion yen 
in the current year and that revenue would rise to 
430 billion yen. 

Daiwa announced profit of 52 billion yen. 
reversing a loss of 7.27 billion yen a year earlier 
and displacing Nomura as the country's most 
profitable stockbroker. The company forecast 
improved earnings of 60 billion yen for this year. 

Nikko posted a profit of 35 billion yen. up 
sharply from 25 billion yen a year earlier. and the 
company forecast a profit of 50 billion yen for the 
current year. 

Yamaichi announced a profit of 17.9 billion yen. 
reversing two years of losses, including a loss of 
37.4 billion yen a year earlier. It forecast profit of 
25 billion yen for this year. 

Executives said that earnings this year were 
likely to be buoyed by a continued rise' in under- 
writing commissions, following recent moves to 
boost the number of companies permitted to seek 
stock market listings to five a week from three, 
executives said. 


Shores Up 

Investor’s Asia 

Copied hr Otr Staff From Dijpaichcs 

Strong Yen Bites Into Casio’s Profit 

Bloomberg Business New 

TOKYO — Casio Computer 
Co-, one of the world's top mak- 
ers of digital watches, said 
Wednesday (he strong yen aud 
weak overseas sales cut profit in 
the year to March by more than a 
third, the first decline in six 

April, with output increasing 5 per- 
cent over the like month last year. 

Current profit fell 36 percent, 
to 7.38 billion yen ($71 mil- 
lionjjn the year ended in March, 
while operating income plum- 
meted 56 percent, to 4.4 billion 
Yen. Sales fell 1 percent, to 
32222 billion yen. 

“The strong yen and falling 
sales were the chief culprit." 
said Toshio Kohzai. senior 
managing director. The compa- 
ny had projected a profit of 9 
billion yen. 

Casio, a family-controlled 
company that has achieved 
worldwide fame for its calcula- 
tors and musical instruments as 
well as watches, exports 51 per- 
cent of its products. 

While sties in the United 
States rose 13 percent last year, 
overall sales in markets outside 
of Japan dropped 16 percent. 
Mr. Kohzai said. 

■ Olympus Net Off 33% 

Olympus Optical Co_ a major 
maker of cameras and medical 
equipment, announced Wednes- 
day that profit for the year coded 
March 31 fell 33 percent, to 6J2 
billion yen. Bloomberg Business 
News reported from Tokyo. 

“The sLrong yen cost us 15 
billion yen in lost sales revenue." 
said Minoru Ohta. general man- 
ager of the company's finance 
department. The company ex- 
ports about 64 percent of its pro- 

sia's central bank aggressively sold 
dollars for ringgit Wednesday in a 
bid to shore up the local currency, 
brokers said. 

Bank Negara also eased a curb 

on foreign buying of long-term 
bonds to expedite the ringgit's re- 
covery. brokers said. The Malay- 
sian currency has dropped more 
than 6 percent in value since mid- 
February. when the central bank 
stepped in to limit speculation on 
Lhe currency by foreign investors. 

The dollar finished at 261 ring- 
git Wednesday, compared with 
279 at the Malaysian currency’s 
mid- February peak. 

“They need the foreign players 
to take' the ringgit back up." an 
economist with a regional fund 
management institution said. 

Brokers said they were given oral 
instructions from the central bank 
to ease foreign buying of long-term 
bonds. Foreigners* are still not al- 
lowed to buy short-term bonds. 

But several brokers said they ex- 
pected the central bank to gradual- 
ly lift all restrictions on inflow of 
speculative funds. 

“There has been no change in 
policy, but there is dearly a shift in 
strategy and approach.” a chief 
economist with a Kuala Lumpur 
bank said of the central bank moves. 

On Monday, the central bank 
lifted a levy on vosiru accounts, 
which are ringgit accounts held by 
foreigners in local banks. 

Market watchers, who have been 
trying to decipher central-bank poli- 
cy since Ahmad Mohamad Don 
took over as governor on May I. 
said Bank Negara appears to' be 
adopting a slow course to soak up 
excess liquidity, revive foreign inves- 
tor confidence and fight inflation. 

The central bank will start nudg- 
ing up low interbank rates, which 
are stoking inflationary fires, once 
it drains excess liquidity from the 
system, analysts said. 

(Reuters. AFP) 

Hong Kong 
Hang Seng 


155KB fl l 

hmd /VV- 
mf ] \ 

9000 - - T 

Straits Times 


Nikkei 225 

m b j f'm a m 

2W0C — 

3JM K 

1983 1984 

®oj'f m am 


Hong Kong Hang Seng 

Singapore Straits Times 

Sydney AH Onfinan 

Tokyo ~ Nikke i 225 

Kuala Lumpur Composite 

1984 1993 

Wednesday Prev. 

Close Close 

9.476.64 9,044.70 

AH Ordinaries 
Nikkei 225 







20,152.73 20,133.53 +0.10 



W he midn 
Ufa aii ** 
. . nicRu 
:hev e? 1 
.... iria wy 
.* Crim^ 
HAM wared* 
1984 of vu n , 

% ?! 
Changelike BA, 

+4.78 h<*r\ 
ihe Ru: . 

+0.01 jwith tfft 


munist’ 1 - 






Composite Stock 
"Weighted Price 


New Zealand 

Stock Index 


National Index 


946 £7 





991.96 +1.B5 I i 

eabot a ', 

1.302.85 +1.74 pod 1 

946.87 Uneh. Slron 1 ', 

- — - • ... — j ultrar* 

6.015.83 -0.51 erpaj { 

2,936.43 -1.26 prevail 


2.116.04 +1.75 -vezdap 

1.854.85 *0-52 fc j'i 

Inui-njikm! II.tjU lnNw jn . tf 

i red V i 

Sources' Reuters. AFF 

Very briefly: 

tiJiiar e .c 



the lead underwriter of the bonds. 

• Kawasaki Steel Corp. said it raised its urge! for job cuts by March 11% 
to 3,900 from 2300 in an effort to accelerate cost-cutting plans: the 
company said the increase in cuts are pan of its goal to cuf cosi> h> Ml 
billion yen during a three-year period. 

• Malaysia will export 2500 Proton cars to Indonesia in exchange for the 
purchase of 18 Indonesian CN-235 short-range transport planes under at- 
cross-trade pact to be signed in Jakarta. ~ L 

> Vietnam posted a $1 53 million trade deficit in 1 994% first four months, as. 

imports increased by 39 percent over the corresponding period last year. 

• The Japanese government submitted to parliament a 40-day e\ tendon Jkrai- 
of a slop-gap budget for the current fiscal year which began April 1: the: dis- 

T-Bill Scandal Rocks Philippines 

of a stop-gap budget for the current fiscal year which began April 1: the; dis- 
govemment of former prime minister Morihirp Ho*okawa was forced icoated ‘ 
draft the 50-day provisional budget, which will expire May 20. due lofoleri 
problems regarding passage of lhe national budget. tday. 

• Cboya Coqx, the major Japanese textile manufacturer, plans a joint 

venture in China with four Japanese and Chinese companies, including £- n " 
international distribution concern Yaoban. ” “ lcre 

• President Fidel V. Ramos signed a law allowing more foreign banks to - 
operate commercially in the Philippines, easing more than four decades ian< j 

of protectionism. Bloomberg. AFX. AP. AFP 

ime- ; 

re a f 

lima . 

Compiled bv Our Staff From Dispatches 

MANILA — A rouitimillion-dollar swindle in the 
sale of treasury bills to private banks and government 
agencies prompted President Fidel V. Ramos on 
Wednesday to order a review of Central Bank 
re gulatio ns. 

Central Bank Governor Gabriel Singson estimated 
losses to buyers of treasury bills from Bancapitai 
Development Corp. at, about 559 miJhpn pews ($20/7 
million). Bid banking sources said the figure could 
exceed 2 MBtm pesos. . . . v.’- : _ /' '■ ' u~ > 

. Ttiree officers of the' bankrupt ^company; said to be 
known and trusted dealers in government securities for 

the past four years, have f led the country with millions 
of pesos in payments for undelivered treasury bills. 

The Central Bank began a quiet investigation last 
week of banks, government agencies and investment 
firms that had bought treasury bilk from Bancapitai. 
It said two medium-size banks, which it did not 
identify, were swindled. Mr. Ramos said the Govern- 
ment Service Insurance System, the state pension 
fund; also was victimized. 

’ The scandal became public Tuesday when Reyn- 
aldo Feliciano, vice pre£deni for funds management 
of the Bank of Commerce; thought to be one of the 
swindled banks, committed suicide. (AP. Reuters) 


t is comforting to entrust one's assets to a Geneva private banker 

Malayan United Raises SCMP Stake 


Conyttat bf Ow Staff From Dispatches 

United Industries Bbd. said 
Wednesday it bought a 5 percent 
stake in South China Morning Post 
Holdings Ltd. from Singapore 

Press Holdings Ltd., raising its 

stake of Hone Kona’s besi-sefiine 

Malayan United, winch is con- 
trolled by Khoo Kay Peng, last 
month bought Mr. Murdoch's re- 
maining 15 percent stake in the 
Post for .1.036 billion Hong Kong 
dollars (SI 34 million). 


(CD Eta) 

stake of Hong Kong’s best-selling 
English daily to 20J58 parent. 

The move gave effective control 
of the newspaper company to Ma- 
laysian business interests, which wQl 
have a combined stake of 55.48 pa- 
rent, including the 34.9 percent 
stake acquired by Robert Knot's 

Malayan United said it paid 
343.1 million dollars for the addi- 
tional 5 percent stake, or 4.57 dol- 
lars per share. 

Kerry Media Ltd. from Rupert 
Murdoch’s News Corp. last year. 
Mr. Kuok is a Malaysian-Chinese 

“There is no concerted plan to 
exert control over the daily." said 
Pd Loh, the company’s spokes- 
man/Tbe shares are acquired for 
long-term investment as part of the 
group’s investment strategy," be 

(AFP. Reuters. AFX) 

The undersigned announce* that m 
from May 30, 1994 at Kao-AoMeiatie 
N.Y* Spuistraal 172, Amsterdam, drv. 
cpn. na 68 of the CDR's American 
Express Company each repr. S 
shares will be payable with Dfla. 2^K) 
net. (div. per ree. dale 0&04.94: gross 
$0£5 p. eh.) after deduction of 13% 
1 USA-lax- $0,1875 * Ms. 0,35 per 
CDR. Div, cpn. belonging to non-rest- 
1 dents of The Netherlands wilt be 
paid after deduction of an additional 
, IS* USA-lax $0,1875 = Ms. 0^5) 
with Dfk. 1.72 net 

Amsterdam, Hay 16^)994. 


ft's never been easier 

to subscribe 
and save. 
Just call toll-free: 
or fax: 


— .... ■ 


' Geneva is a leading 
j ’■ *'■ financial centre hncnrn for 
* international banking 

expertise and, 
for 200 years, its private 
bankers have focused on 
asset management. \ 
They like to establish 
durable person-to-person 
relationships and their dose 
invoh'cwait in investment 
decisions is profoundly 
reassuring to their clients. 



Geneva's Private Bankers 

Liberty ■ Independence • Responsibility 

In Geneva: 


(1844) (17^6) (1798) 0819) (1805) 

rillNriWiHiUitMl f. liar-it a* r, .1 UJfSj 

’agt* * 1 


inipiUii • 

: spa? 
iar an- 
i :a rci 
um ci 
]gci pi 

n Idle 
u. fror 
The go- 


ix. w * J, Wednesday’s 4 p.m. 

j Jy. a,, iis , jst compiled t>y the AP. consists ot the 1.000 
1,1 ' ost traded securities in terms of dollar value. It is 
updated twice a year. 



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_ 16 I2M 10W 9% 10% -to 

.14* 6 _ 343 23% 22% 27% — fe 

_ _ 1099 21V. 20 TOto -fe 

990 * Bfe 9 

-33 J 10 6201 43 40% 40 to — % 

_ 18 1004 (0% IOto 10% —V* 

.05 J 25 106J 33 TOfe TOfe • fe 

_ 3 347 10W 9fe 9to _•* 

_ 33 1415 3% 31% TOfe ♦% 

_ AT 9103 TS'A 34% Z5V- 

. 21 529 16 life 15*4 -to 

- - 740 17% 17V. 17*4 *%• 

z !o a%*T^-S6 

_ _ 633 4% Jto 4 -lf M 

r z 37 flasas**^' 

I _. 34 30* 11V. low IOto — 1 

M -| S3 m ksstx 

job 1.0 12 iB74 low 10 ion *v„ 

._ IS 62 23% H% B% -% 

3?W UWtWJJFd ... . .. _ 

33 to 23 W Wctbro 40 14 If '63 24U 2414 -24% >% 

Uto 5% Walk ml _ 19 ITO 7% 7- . 7 'A —to 

60 ITtoWaHData _ 43 4M2-a6to 32% 38 *'« 

21% lowWanc8-ab _ 3681 12’A 11*4 Hfe — '*. 

ss®aSr i&n* 

S %12%WatsnPh _ 71. 25* .17 .16*4 W .• vto 

ICtoWatlsIns J2 14 IB 182 23 22 23 + to 

3S EWWogsPs 24 3 O SSJ 27% 36fe 27% 9>4 

ITiA14%WBbcotnd ■ _ .. 1445 16 .1514 16 — % 

a llfeWeBMat _ 3t 1330 18% 76 1B% *2 

to W%Wb9IHs _ 57343*3 31 27to30V**2to|, 

aifeMfeWemcr .10 A 21 657 tj »% to tft 

TOto 13% WsRWer _ 32 2 39% 19% 39% ■_ 

74 9 WNawm A0 _ _ 73%. _ 

5 2ZfeW90nes Ji 2A II 497 29% 29% 29% _ 

toirmwticor s _ 30 699 16% U 16V. *to 

Uto 12 V. We st er fed J15e A — 294 Uto 13 13to *-% 

20*411 WsJnFb 1204 )2U Ul4 12 _ 

30to 12fe WsfWatr -1006 412.31 19% 20% -% 

19%11'AWdSvs _ --I6SB-16 15% ,15Vr . _ 

10% 2%ws>wgn „ _ 1094 744" Tto 7V, _ 

35 29 wwteftvr _ . 6 33 31to Jlto —to 

— RI ITS 13% im oftt I; ■ 

- 34 TOO "06 *•% 25% --ife - 

L It TO 15% Uto IJ’/.— 9# 

- 17 986 16V? T5% Uto * V? 

- 29 7151 71 to Wfe »%♦»%.. 

zM § 3 J 

23* l5 

W-X-Y-Z | 

£3 1.) 2D 2JV.’ 3D ' 28%' 28* — to 

AO 1A 16 -'63 26% 24to-24%-Ato 

35 EWWousPs 
17>/. liwwetjcofnd 

a llto WeBMgt 
to WfeWBMHS 

i2V.yyrsrenoo aim* a ~ as* ijw 'J us* 

11 WsJnFt? 1204 12W life 12 _ 

17'* WsfWatr -1006 412.21 19to 20% -fe 

ll'AWdSvs -'--1638-16 15% 15Vr _ 

TfeWstwOn - _ 1094 744" Tto 7V, _ 

29 WW55W _ w 4 33 3 Tto 31% —to 

U'AWMFdl _ 27 3517 16% IR, Itlitlft 

IHWhHyS _ 61 3365 llto 10% 11 -to 

35 39 WWteRvT 

2StoUtoWM»S . r ._ 

JOfe IHWhHyS - _ 61 3365 llto 10% 11 -to 
24% 12% Widd-U _ 13 222 15% 14fe-15to-'+fe- 

59%35VjWinarr?t JA 73. 21 2584 44% <3% Mto ,♦% 
39% 9%WmSons _. 54 5Z39 36% Jlfe 3JW *-4 

31 23%WUmTr 1JB 4J II 234 25% 24% 2Sto -W • 
76% 30 Wisccr - 25 78 70% 73U- 70% 4% 

29% 13 Wcnowre _ 33 130 14% 13% 13% — fe. 

7f 4k l*% WbrntB X Ji 13 72 fSI IBfe if to Mfe _ 
5Pfe 29% Xflinx _ 2517860 43 % 39% 42 -2% 

30% IOto Xircom - _ 23 3701 Wi I4%--W% *2 " • 

IBfe 12 XpetfiK . — ' 38 388 16% 16. 16%. +V. . 

23 WfeXytoglc : L- 5» 315 19% 38 V*%Vlto - 

30 13feXvptox ••• 11 80 16 • 15*4 15% — W : 

30% 16*6 YeOowCp 94 53 36 S0d3 1014 T7 ' 18 r-fe- • 
34% 13 Younkar ... 5 605 life 14% Tito — % 

1 1% a ZduCp . _ _• 434 . 9% . Bto ■ BJk —to 

60% TOViZebro - 19 514 29 77% 39 * 1*4 

28W llWZenLab s _ IS 1744 1 5 Uto 14% — % 

40*4 22 ZaOD - 21 lea 37% 32 32 —to 

45% 36 Srtfecp 1.12 av 9 173 39% 38 TO -% 

ijtois ZolMAed - 22 U1S 10% 17 10 --to 

12 A.’qnm 
Hugh Loa Stcq 

3'ij, 1 -I, Colton n 

C„ 'id PE IQQs Hion LOwLoiryiCh'i 
- _ 91 l"-u l» 

12 Month 
tf-qn US* Sno. 

It: .w»t. 

D'tf 'Iq PS 'C C-. H,qn LosLj-,iC3, v. J H.?n co % 

is - IS rjieniB 

C-'.' Id -= - js ~-«j' LZ:uT.n:ZT. 0i i r^r. Lo> Stack 

Dr. no PE IMS 

. 12 MonBl 
LowLaeqQi'qe J Hteh Lw Stnck 

By Yld PE 1006 H0*i L owLatextOlfe* 

Wednesday's Closing 

Tables include the nationwide pnees up to 
the closing on Wall Street and do not relieci 
late trades elsewhere. Via The Associated Press 

3", lWCkWoian 

2 feOcAxi wl 
3’-, * DorJHd 

4% I' ..Doiaml 
life ifeOdlartm 
7*. 4 Ouvslr 
4 I -Oarsl Wl 
0% 5’.Oa»dr 
13*. 7’ : Decora? 
8% S'kOcIEIC 
33'., .DelLob 
5’ 12's.Osonlm 
4"i. 2",DiOg A 
■r „ 2'kDoqB 
4 I'm Dig icon 
19". AtoDrnvjrl's 
<0 lfeDfoaes 
P, I *mD«vO»ri 
Bfe 4 1 .DiKnTie 
111. UWOrPcps, 
71-'.. IJftDoikflv 
i0'-> 3’.Oy«^rt 
11*. 0’,OrYUAu 
11’, 9' .DrviflV 
If, 4 Owe 
4 feECIEny 
W l',EZ5«rv 
Jlfe 14*.Eo*4Fn 
Hfe 1 1 W EstnCo 
40 . TOWEchBFpr 
]5fe SfeEcSaBc/ 
18% 17 EOMEn 
$ ift'iEdsrowl 
I?’ i 6'.Erfsn> 

Bfe 2 Edileh 
ir 1 . TOfe Elan 
Mfe lifeEUkiw? 
9'k BfeEWorod 

3 to I ' -i, ElCCnm 
■fe I’.EtUnor 
*’■ BfeEI&wItl 
4’« StoEmpCcr 
4V. 3V..E8SCO 

21’. 'VEnma 

24 1 '. ilfeEcrooc 

Itfe 13", EaOml 
12' . lOfeEQGtrd 
18' . 9 Eouutll 
8 ~r 7'V.Escaqn 
J*k ’.EssxFn 
13’ . 6 ElrLvA 
1*", 7 ECLav 
1" i. feEvrJenn 
91 I5V.EXWI 

l “< 3’¥|PP LA 

3fe IfeFPA 
Ji 1 , WfeFtTOinds 
7'fe JfeF^HBr 
15 atoFalcCbi 
TOfe 10 Fibrtxl 
•yt. M’.Flna 

14’. 9 FiAusi 
life 9fe FAgsPr 
ffe 4’kFICnlrl 
167 lE'.REmp 
life 13 FIFAIa 

10'., tfeFllbcr 
24% 7»kFiSOlP 
life JW Raman 
23 U’.FUPUl 
39'*, 20% Fluke 
I7T 7f'.,ForaCna 
iito37 FartfCA 
to feFortPi wr 
6'.-i lfePwIPnt* 

3 u I ForwmP 
Jfe 3 FounPws 
tfe 4L,Fr9REn 
5*4 3 FrMrin 

! h %nfe» 

S", JtoFrtSlEl 
9'k 6l'aFres*fllU5 

life U' lFrison 

- .. 4 2'Y 2' k 3‘„ — !-, 

... 338 li'u I',, iv, . *r,. 

- JJ 67 6fe 4'. A : k - % 

- 118 223 7"-'m 2V.. 3".. — V h 

_ 19 114 S ife ife -fe 

- JSi 

- 17 
JO 3.0 7 

•4JI SA 17 
TO l.l 12 

ife 4’., -fe 
ife 4'.. — Vu 
I*,. IV,. — fe 

> *'. 4?,. 

40 U« l’„ IV,. 

V 7% Tfe 7fe 

25 10 9-. ID 

99 ife 7’; 7", 

7 30", Mfe jOfe 

Me J 25 1 86 23", 22% TOfe — ■ ■ 
-.17 II A',. ife 4 S h — l/_ 

- 20 20 JW ife 4'..— A,, 

- - 50 I'k., I’, Ife 

- 38 35 lTOft life life _ 

.. 21 168 9'.k 0>, 81, „. 

... 4 r-,« r.u Ife. _ 

. „ -.12 130 :i. T*. 7’. 

'■£ !: 7 ,4 '* i J ufe 

J2 2 I 70 U ISfe ISfe ISfe — fe 

-5* 6 1 — 2' 9’ . «' . 9'k ■ ", 

69c 72 ... 1SJ 9% 9<a 9% ife 

A0 tl _ 31 9*. *fe 9\, _fe 

... 59 b 9*» 9fe 9W 

185 r-».i l"u I'li. ' 

.76 JS ID ” 20fe Mfe TOfe -fe 

-3 H - 7? Si; & isfe -n 

01 .7 71 3073 10', 10': low - ", 

-7B 2 3 10 13 13% life 12", — fe 

I 73 25 8*5 Sfe 8*. Z 

- - . ?8 3% 3% -l,. 

- 28 4,77 23 -i life jj-., 

- HI 18’ 1 T7fe IB 1 : - ife 

- 70 ?4W 36 ?»': ■* v, 

- I* 6 Sfe a*, Bfe *fe 

- - 1 2 '• . 2'. ?v. — fe 

- 30 3*, 3" 

.400 56 - 7? 8’, 8W Bfe 7. 

-■ *■ i, 1 ! ,*!» 5'* - 

73 35k 1 3'V Ife, j%-, . 

150 52 - 4 Mfe 28'., 781* • 

_ — >001 10' . 91, io 1 -. . - h 
... — 178 Ufe 15%. IS*. — fe 

9-30 14.4 55 «e U- H U Z 

1 60 14.9 - 13 11 10', 10’. — fe 

1A0 14.4 _ 29 Tl'. 10', 11', -to 

48a 4.9 _ 31 13 ’ 9 Ufe 13’. • i. 

.70- 3A 11 3 0", S'. 0'. ... 

J8- 29 U 37 10 kto ?fe _n 

... 6 1 ',, 

Jl 1.9 13 37$ Pfe H»t Ufe - 

- ... 8890 IV. Iv lv„ 

.08- 1.9 30 8 4', J', 4' « . 

_ .. 41 2to J-.k 2'., — fe, 

*4 13 12 5 lefe 34’. 34’, ~fe 

_ 10 60 S', S 5'-. -to 

- - S 3 0 ', os-, aw -to 

_ 10 74 TOW TOfe TOW -to 

3J0 JA . 1 p *?■•.- r?‘. T, ... 

_ . 1? i3’» ij*. life .1, 

Ue 15 . |«J lOfe I0fe IO"* .to 

99 9.S 130J H)' . iQfelO'i, _. 

10 1.5 9 5 6fe 6-. 6fe . to 

2.W 1.4 10 7 145-; lifCjliJ ’ , 

.*7 4.9 9 3; life u: , life - '„ 

4»c .8 tl fi'k 8 8 — 

- - J6J TV* TOfe 33*-, *'-, 

E 11 r 5 —'* 

1.16 4.3 13 4 i*fe If, life -to 

JO 2.0 M TO IS JS 7S 

57 IJ 3d TiuTO'a TO 1 . TO*. • ■«? 

.. ;«c tu. no no -3 

34 2933 


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to _ 



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f Trans Euros? rmg j % 

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5 i!? ® a “ nc « *wie m luvS 

waig £wccj Pima pic g £ „ 

a f I"™ S *™ K io fa p « •'■ i?H*n 

w A C, Eu/e» Fd Pic _ . . _ i ft*” 
w-iG Jason Fund— .. ? 

llic iSSTa 5 ™ 11 cSi Ffl '?& 

Z ■!£ iS?? F <j Rlc -1 iv -«. 

®° Fa p « I«r 3 > 

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fl Alff M Bera Noron. j 

Alfrt* “rig Store J "* 4 

sew East. _ s ..... 

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SgScszir— r F f . 

d Jorih Amgiica i nTu, 

a s»rtiano«L_. ij: Jh-* 

0 U.K r ’£5 


N»ll Bermuda 

toAietia Alio Hrdar i/ins lux I TBJ? 





~ a ., Jr ’’unniiun. nroil 

"'Aft* S * 10 Htdae w *** 11 » * 

2*1*" |WM» Fd lAnr a> -Em 

m wn Giu Fro Tnaa a or » j 
mAlBba Global Fd 'Apr 3p|_S 
rn Afeha HWgt Ffl lApi 30) _J 

OTAbfiO JOOdfi iocr (Apr jBi.I 

2JJ5S >*w »i j 

m Aloha Pact he Fa i aw ju_s 
mAipna Sa m 

irlAtana Short Fd iter 

m Aloha sru-T Fl> inc <Apr 20 & 
mAiDho TUUale Fa (art joj _s 
or Alena WortMngtoA (A or Jo: 
mBueh-Alntia EurHrfg Aor 33 _ 
mGMxhvra Vohir | Apr jji _j 

mMeisH Jaapn Fund 1 

mHemlswwp Neutral Aor 20 S 
mLoftntel volet 1 Aar jdi_i 
iffNienAepj Aurelia ■ Apr Mi-i 
mPaol PlMCnoBviMoy 1*3 
m Rinaaen (art Fund < Apr ysi 
mSooe inn Fd (Apr mi 
mSaiua inn F(l (Acr »i 
wArral American Quant Fd— S 

wArrol Asian Fund 

» Arrni inn hmk Funa 

RA IL UP tatc Vendeae. istm Peris 

nr ln*crmorfcet Funa 

r inter otn Convert Bas 

» imerprtl inn B03 

r liMerpiflObii Con. « litun j% 
innrmurFetMulticurreficv Fima 
mCteS 4 

UIU55( ¥ 5JCH1B 

5*|K 4UU«ELS LAMBERT 1M-3) M»W» 

fl BBL Invest America s 

a BBL invesl Belgium. 
d BBL lowest For EcrJ 

0 BBL Imresl ASM 

d BBL invest urfm A mer 
0 BBL lnm> UK _ 

0 BBL Renta Fd InH LF 

a Patrimmunl it 

a Renta Com 5- Medium BEF BF 
a Rente cash 5-Medium DBmom 
R enta Cash 5-Medlum USOS 

BBL (L> Inv Gtddmlnes 3 

0 BBL IL) Invest Europe LF 

d BBL (L) Inv Euro-imma LF 

a BBL IL] Invest World LF V7300 

sum* DNNibutar Guermeysen nuu 
w Inn Equity Fund lS!cuvJ_S 

<t Inn Bund Fund (Sinn) S 

>y Dollar zone Bd Fd iSIcavi J 
w Sterling Equttv Fd (Slcov> . 1 
Sterling Bd Fd ISteav) 

Asto Pacific RMkm Fd 
w The Orasan Fuad Slav _ 
m Japan GM Fd A f29W?r) _J 
m Japan GW Fd B (»/WW)_5 
mDupl Futures Fd Cl A UntlsS 
tti Dual Futures FdCIC UnriU 
m Maxima Put. FdSer. 1 CI.AS 
mMaAlmoFat. FdSer tCIBS 
m/uiaxbna Fut. Fd Ser. 2D.C5 
m Maxima Fui FdSer. J CL Dt 
m indasua Curr. Cl A Uid!s_S 

mindosuez Curr. Cl B Uruli s 

d isa Asian Growth Fund. s 

d ISA Joan Rag.Grawfh Fd.Y 
0 ISA Pacific Gold Fund^ 
d ISA Aslan income Fund 
tf Indosuu Korea Fond 
aShmuhcil Funa 
iv Hhnatavnn Fund 
«r Manila Fund . 
w MaiaccD Fund 

IV Slam Fund 

d Indus uez Hans Kong Fund j 

d Often tol Venture Tr«» j 

d North American Trust— J 

a 5inooo A Mo lav Trust s 

d Pacific Trust. 
a Tasman Fond 
d Japan Fund . 

•r Managed Trust 

d poltroon? Japan Warrant —S 
■r jndoMies FBgh ym Bd Fd A j 
m Indowez HWt Yld B« Fd B S 
a Maxi Espam 

b Maxi Fmnn EC 

• Maxi France 95 __FF 

| « Sja-Et! As«iuk« . ... 1 -wl - i 

. BUCHANaVfuND L iMtTEp' " 

I It 0Onr -f SviniuiHl Lid iiSfii W-tfOO 
; 1 Gi««i Hed'rr U SD. .. __ S us 

• 1 Giown Htftn r.BP ijgio 

|r Cu-'Cun.'Ui & AiloMic.^. .1 HB 

|i Pact i< .1 13 or 

I t E av.1 airia Mar krT. 1 jl4j 

cause cemtralb des banbues fop 

a rruciiivr • Oni fie*, a ff BSern 

O F»JCIi,u» ■ Ow. Euro b Er u If os 23 

■v Fruclllur - Aclioos FveoC.FF *4T]Br 

d Frivlilur - Aclions Euio D.Etv iSfliM 
0 FrMtiluK - Cum) Termr E_FF gulp 

£ Frucllhui - 1 Mat* P OM 107IJ7 


"CaUoncer EmerGrontfl % 13.U 

1 «> CaJlendrr F A»« S izo M 

m C aftnorn F -Austrian AS I37« 

■ CuUtmaer F fmnvsh Pro veojH 

oCauandet F-usHeatmCmrS Mil 

i * rt '- 4 Growl fl-. SF lUit 

iv&itUrTsfiiuiionai 11 Apr*— s shoi 


| o (-4 Common Growth Pd_. Cl ezs 

O Cl tlorth American Fo CS ’ jl 

a CiPaeNie Fund Cl i» p 

d CiCrfaiwi Funa — ta5 

0 1 1 Emerg Mart eh. Fd Ci SJ7 

d CiEursecaiFima C3 i.97 

3 Caresda 0«3». Udmtm Ffl CS IftiO 

Capital intermational 

>• CopihJl injTFund i I3I.W 

» wooitai ttgita 5A_ 1 qn 


" CEP Court Twme FF irflESJ! 

» k»Fi tong Terme — FF tSPMtB 


d Cmaam Eautrv Fong 3 1II.0IB3 

a Ctndam Baionfed Funa 1 Wim 

POB IJJJ LimrfnbaurB Tel <17 9S n 

0 Dmoui bond 5 IDOJz 

d CiPnvm FOP USD S 1241 X 

C C:!inv**4 FGP ECU Ecu 12B9JS 

; d CitmvHi Selector S Mil 15 

. 0 Citicufienstm u5D 5 14T7A7 

, a Cliicwrensif*. OEM DM lfl.13 

1 o ■TUicunenriK GBP 1 1*231 

1 a CiLtU>tmcm'ren Y ITWH 

I a c.iiporl NA EauKv S 77107 

J a C’ltoiort Cant. Euro Eawiv _Eai 1*1 JO 

I a Cuioort Ur Eouiir i ULTS 

a CiiiWrt Freoni Eamtr FF I4V0B1 

■ 0 Cidport German Equity in 44 
I d Citimrt Jcoon Eouirv. _ r 4*SIJD0 

J Ciiiport lopEC i TJttt 

I a Ciiiparl Eonnc t !?»?; 

I a riimrtNA.idwui.. 1 tsrjo 

1 0 cn.uari Euro Bond Ee u ISSJv 

d MonupeaCur.'rnt. Funa— S 10*7 
Citibank iparisj sa 

«vCili»(,Co&GW A W53e3 


| » US s Eaumev i 3520*71 

( ■ n US S MOriTf f«n»tt S lS«U? 

h US S Bonos 1 memo 

vrCiiitona 1 l«tlK 

I mC'lipertormavipPWlSA .1 ILIOII* . 

Ttw Go»*a Earth Furwt 1 113*2/1 

COMGEST 1X3-1) 41 70 7$ IS 
» ComBeU «ui j tEHJ* I 

I » Comaen Eunice - SF i?704j 


z> H&tf. Giosai Hedge Fa. .A 1044 4* 

0 WAV. inti BO Heane Fa. J wo 4) 


m NAV U April l»94 S 

utxtn Enlerpnse Fund nv 
« Chi» a Shi 

n Class E Shs 


a Inderts USA/SAP MO 
d Inanii ;opon>'N*liri 
d indevbG Brel' FTSE_. 
d inderls Frcnce/CAC JO 
d index is C.T 
d Court Terme USD 
a Court Terme DEM 
d Court Terme JPY 
0 Court Terme GBP 
d Court Tern* FRF 
a Court Terme ESP 
d Court Terme ECU 

0 Art tons mn Dfverstfiees FF 

a Actions rJoro-Americomes S 
a Actions ioMHwses— 
d Art tons Angtatses — 
a Act tons Altemondes 
a Actions Francoises. 

0 Actions Eat. & Port. 

d Actions irollennes _ 

a Artiom Bassui Pocuioug 
If Oblla Inn Diverslffee* . 
d OWW Nortt-Amertcalnes 
a otuig Joponaiies 

d Ooiw Angtahes. 

d OKI HI Altemnnitm „ nM 

d ouig Francoises 

a Obtlg Eso. & Pori 

d OAUo Convert. Inlem. 
d Court Terme Ecu. 
d Court Terme USD 

d Court Terme FPF FF 


d Elysees Monrtche FF 8VB15JB 

d Sam ArtKosh u 30 e s llBioO 


a CSF Bonds 

d Bond dolor Sarf 



May IB, 1094 

G*®*li 0, t* MpfriM bj fundi lotad. Hat itMt mhu quotation* ora vtvglied by ttw Ftnnts Irstad wllli the viceotiod ot some quotM Usod an mm» pHcax. 

Ytw mwgkul cyatbelat mdicalo fraqumey at qaatattons luppUMt (4 ■ dtUr, ■■ wotiiy: (bj . bLmonWy; (f) fortnightly (every two amahs); II ^r '~~TM nnriTi mrinlilir.piil owatUy. 

t> EuToneait Eow)l< Fa S 17027 


0tE»rrml Capua Mill LW S ]MM 


t) Bona VWor US • Dollar 
d Bond Valor D-mbHc 

d Bond Vdlor Yen 

d Bond Valor (Sterling 

cl Convert votorSwt 

a Convert Voter US • Doftor_S 
a Convert Votor C Sterling. — r 
a CSF inlermlional 

a Actions Suisseo , .. 

4 Credit Smit-HMkf CopSwIlzISF 
tf Eurooa Valor 

a Enerole- Votor 
d Paedi c- volar 

d Dtscoverv Fund— .t jo is 

a Far East Fund, J B2M 

a Fid. Amer. Assets 1 wt,?7 

a Fid. Amer. Values IV— s I131JDM 

a Frontier Fund J xjr 

a Global ind Fund t If it 

0 Gtobal SctNIiOnFunt— S 72J0 

a international Fund ,_) jejj 

0 New Europe Fund s ll.M 

0 Orient Fund 5 Ui« 

0 Special Gtowlti Fund I 4149 

d World Funa. s lisu? 


• Dello Premium Coro. s tXS.00 

w Scanlonds Inn Giowm Fd J D90 

Trl • London 071 *3» 17J4 

8 Argentinian InveSI Co SJcavS 76.91 

d Biailllon invest Co Slcov S 22SS 

d CowmMan Invrsi Co Slcav^ 1 am 

d tncikxi invest Co Sirov I in? 

0 Latin Amer E xiio ’rwihj Fa s timi 

a Lot in America income OJ f U 

d Laifai American invest Co_S *jfl 

d Mtvtoan invesi Co Skav —5 370* 

a Peruvian inves) Co Slcov_S 1523 


P.O. Bo* Ml. Hamilton. Bermuda 

rp F MG GlalMl (It Mur) S 11*2 

m FMD N Amer. 131 Mari S WL43 

m FMGEuroac (31 Man 1 I0«e 

mFMG E mg MKT (31 Marl_S 1301 

ntFMGO (31 Mar) 5 ».IB 


m Conceals Forex Fund 5 *.75 


vrGuta HeOpr II S 12*. 93 

nrGuIpneaar 111 S 1157 

H> Gam Swiss Franc Fd 5F 4&B5 

>v GAIA F» __S I OftOA 

mGolaGunronWMCl. I__ i S4B7 

m Gala Guaranteed CU I 5 lift 

Tel 1 (JS7I 4&S43447Q 
Fa* . 11571 4*54 23 

d DEM Bona DK.SJ7 DM A53 

a PI wound CHs 777 SF 3.12 

a Dollar Bonn DisZZJ s 2.43 

a Euroaean Ba Dis 120 Ecu IJ7 

I d Globa) Bond Dhi)7 \ 3.44 

d renrti Franc— DIs HU* FF 1377 


0 A5EAN S 145 

a Asia Pacific s in 

a Continental Europe.— Ecu IJ* 

d Developing Martels i M* ! 

a France FF 11.71 

tf Germany DM 5*5 I 

d internal tonal J 2J» i 

d JODan Y 278CS? 

d North AmeriM— i 2J1 

d Sxitierlona SF 374 

a uniiea nmodoNi - i US 


a DEM DIs 5«M DM a37J 

fl DWtor. JJIsSJW S 2.15* 

a French Franc P F 19.77 

B Yen Reserve — Y 254* 


London : oTi-enriTL Geneva : 4J-Z2J5JSJS 

■* Scoff ton world Fund— _s 4S2J 

» State si. American l K 


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Hangers Shut Out 
pile Devils to Tie 
feast Final at 1-1 

• A, A -. .V- >: ^pizis ssS *-*. 
ZT ' 'a S. 


To Yanks’ S 

•Mar 1 *!!** By Joe Lapointe After Richter Mopped Guerin 

afelte & *| Vi* Y.rk Tunis Service with a stab and juggle of the glove 

NEW YORK — Ranger fans on his left hand. Beukeboom caught 
II? ia 4 k postpone their panic attack. All up to the play just in lime to run 

P$i 4 vs uSlJs well for ihe team, which defeated Scott Stevens into the backhoarus 
fcji^u'She Devils. 4-0. on Tuesdav night at and draw a penalty. The Devils' 
fe^&Iadison Square Garden.' power play quickly became more 

A; £??'*■ advantage for I: It. but thev didn t 

£ jg IM STANLEY CUP PLWOFFS put consistent pressure on Richter 

. . -l and manased only one shot on goal. 
S -S.^3s 1, f d .“*• f0r W The Rangers seorej ihree goal- 

E™ 1o 55^ ayins P anicu - ' , . .in the first half of the third period. 

I in*. “5a- The result evened the National 

wVjiisAHcickey League's Eastern Confer- ■ Fedorov L* Suspended 
?7 v! 'thence final al one victory each. Sergei Fedorov, center for the De- 

ar. if ,, a It was the fourth shutout of the troit Red Wings, will sit out the first 
.“•■ia^Aplayoffs for Mike Richter, the four games of the regular season, the 
TS'v'rS a Ranger goalie, who faced 16 shots. National Hockey League nn- 
Among the other top Ranger nouncwL because he cr««hecked 

3 ! A c . r - . e l-jr KA, »if>* , Cm li-ibP 

Jl^iJ^^performer^ Tuesday ni*hl was 
*£ IK 111 ? t Mark Messier, the captain, who 

advantage for i:ifc. but they didn't 
put consistent pressure on Richter 
and managed only one shot on goal. 

The Rangers scored three goal" 
in the first half of the third period. 

■ Fedorov I? Suspended 

Sergei Fedorov, center for the De- 
troit Red Wings, will sit out the first 
four games of the regular season, the 
National Hockey League an- 
nounced. because he crosschecked 
and punched Jay More of San Jose 
in a playoff game on April 30. The 



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J2^ ISS a scored on the first shot of the game. New \ ork Times reported. 

Ift 21*/, 1J A . . ,, 

Glenn Anderson. Sergei Nem- 
g* low i L ‘hinov and Adam Graves also 
33 ’st;* scored for the Rangers. 

” ■ , is^a The Devils' best player was Mar- 
it lo^Sttn Brodeur. their goalie, who suf- 
3 * 1 ' watered several bumps and bruises 
jf^iJ'vjand left the game late in ihe third 
period after making 36 saves. 

I* ‘‘lS'i £ A key moment or the game came 
f& myl !*w Sate in the second period, when the 
f«!j “uJk.iDevils had a nvo-nian advantage 
|L £ TriSfor I minute. It* seconds but could 
48 ’SvlSmanage only one shot on goal, 
fp The Rangers uulsHoi the Devils 

US «I 'n £by 11-5 in the first period. The 
i r— - 16 J Rangers held the advantage in the 
early pan of the second, hut the 
jj* is*4 1 7 we Devils slowly turned the momentum 
£-«*18 I in the middle part of the session. 

5d * 30*4 BSE r 

lift .£ u f Brodeur came up big when tested 
li£ if'lSil 00 6-High shots by Sieve Larmer 

..4 A Di.-h.rr am 

’** • .. • •. v 

Ml I FraiKC Pn>> 

Carlos Baerga of the Indians failed to make the lag on Matthew Mieske of the Milwaukee Brewers at second base in Cleveland. 

Reds Stop the Braves, 4-3, in Battle of League’s Best 

am "'’‘i*:** inepcntni wiicii uiiiuuhiiiuui»* 

•T* ^^i 2 | 4 idown the left boards on a fa>l 
{?}; 1L%;l break that began when Jeff Beuke- 
H§ »s. 37 i:i bo«*m of the Rangers got caught 
9" 57^30 e pinching deep in the attack zone. 

The . I u.x'iu.vJ Prc- i 

The Cincinnati Red* and Atlanta Braves played a game 
worthy of their standing. The teams with the best records in 
the National League had to go to extra innings on Tuesday 
night before the Reds eked out a 4-3 victory. 

K.evin Mitchell, who scored from third on Jacob Brum- 
field s sacrifice fly in the 10th inning, said: “When you have 


two teams in first place, any kind of mistake you nuke they 're 
going to capitalize on. You fell it was going to be tight like 
lhai. It was going to come down to the last nitty -gritty.'' 

The Central Division-leading Reds, who ;«t 24-13 arc j 
half-game better than the East-leading Braves (23- 13). tied it 
in the ninth and won it in the 10th off Atlanta's stopper. 
Gres Me Michael, and ruined a fine, wring by Greg Mndduv. 
The A tlanta starter, bidding for his seventh victory, gave up 
two runs and seven hits in eight innings. 

In the ninth. Bret Boone doubled with one out and 
Brumfield walked. .After Eddie Taiihenvre struck out. B.iny 
Larkin singled to make it 3-3. 

In the 10th. McMichael made two errors on Mitchell's 

comebaeker. hobbling the ball und then throwing it into the 
Reds' dugout m move Mitchell to second. Tonv FemanJcr's 
intentional walk and Brume’s single loaded the base* for 

Jeff Brantley pitched the 10th to get the victory 

Rockies 7. Dodgers 6: In Denver. Andres Galarraga com- 
pleted a three-run rally with a one-out single off Jim'Gott in 
the ninth. Mike Kangery led off with a pinch-hil double ,»(f 
Darren Dreifort. and Howard Johnsons pinch hit single 
brought him in. .After another single by Walt Wei><. G«*u 
replaced Dreifort. 

Joe Girardi sacrificed the runner* to *ev. - '-ind and third, and 
the tying run scored when Johnson beat Tim Wallach's 
throw home on Dante Bichette’s bounder to third. Galarraga 
then singled to center, hi* second RBI of the night. 

Phillies 6, Expos 5: In Philadelphia. Scan Berry fielJcd 
Ricky Jordan's gruunder to third and threw wildly to the 
plate, allowing the tying and winning runs to score in the 
bottom of the ninth. 

Mels 4. Marlins 3: In New York. Joe Orsulak. who had 
homerud earlier, hit a two-run single with two out and the 
bases loaded in the ninth. Todd Hundley opened the ninth 
with a walk off York is Perez, and John Cangelosi -acrificed 

him to second. Jeremy Hernandez came on to reu're one 
batter, then issued walks to Jose Vizcaino and Jeff 
McKnight to li‘>ad the bases. 

Giants 5. Aslrcw 2: Barry Bonds drove in three runs and 
Willie McGee also homered as San Francisco won in Hous- 
ton. Bonds hit a two-run homer in the fourth and McGee 
followed with a solo homer. Then Bonds added his II th 
homer of the tear in the eighth. 

Cardinals 2. Pirates 0: In Pittsburgh. Tom Urbani held the 
Pirates to one hit over ~h innings and five reliever* went the 
rest of the way. Carlos Garcia had two single* for Pitts- 
burgh's hits. Rene Arocha got the final out of the ninth for 
his first save. 

Cubs 11. Padres 4: In Chicago. San Diego led by 3-0 until 
the third, when the Cub? erupted against Scot! Sanders, 
activated from the disabled List before the game. Steve 
Bucchelc and Rick Wilkins singled and Tuffy Rhodes hit a 
sacrifice fly. Rey Sanchez reached on a third-strike wild 
pitch. Brad Ausmus was charged with a passed nail and 
Sanders threw another wild pitch on ball four to Ryne 
Sandberg that allowed Wilkins to score the second run.’ 

The AisoriaieJ Press 

A blister gave the Minnesota 
Twins the break they needed to 
slop the New York Yankees and 
their 10-game winning streat • . 

Jimmy Key held ihe Twins to 
five hits in seven innings,, but left 
when a blister developed on his left 
index finger. Minnesota then ral- 
lied against the Yankees’ relievers 
for three runs in the eighth and a 5- 

al roundup 

4 victory Tuesday night at the Me- 
irodome in Minneapolis. 

“It was getting to the point 
where it was getting sore.” Key 
said. “You start adjusting your de- 
livery, and it throws you off and 
could cause a more senous injury. 
There was no sense risking it-" 

The Yankees had been 24-0 
when leading after seven innings, 
and the Twins had been 1-18 when 
trailing after seven. But Bob Wick- 
man. Sterling Hitchcock and Xavi- 
er Hernandez could not hold a 4-2 

Wiekman relieved to start the 
eighth, gave up Matt Walbeck’s 
double and was replaced by Ster- 
ling Hitchcock, who gave up chuck 
Knoblauch's one-out RBI single. 

Xavier Hernandez came in and 
retired Chip Hale on a fly to Bernie 
Williams in center field, with 
Knoblauch tagging up and hustling 
into second. 

After Knoblauch scored the ly-, 
mg run on Puckett's single. Mack 
sent a 2-2 pilch just over Williams's 
head for his second double of the 

White Sox 10, Angels 2: Hours 
after announcing that they were 
changing managers, the Angels 
could not change their luck. Julio 
Franco homered and drove in five 
runs as Chicago won in Anaheim. 

Buck Rodgers was dismissed ear- 
lier and replaced by Marcel Lache- 
mann, the Florida Mariins’ pitch- 
ing coach. The Angels' first base 
coach. Bobby Knoop, will fill in for 
two games before Lacbemann 
lakes over on Thursday. 

Rangers 8;.'Al^ 

Gait singled : 

run in the IQth ~ 

fignin h l 

at the C^lisetznc-v;/^^^^^^' 

The A's - 

deficit v 

had Dennis i 

. two-out. 
rizinthe nintlL 
Lee singled 

moved uponasaeftfeg^g. ^j 
on Cork s 

'ngers l 

Gomez homerediand^dfb^pMM 
runs as Tim 

won at thfi ;^|3bSem.4Sj^^:' 
The Tigers * 

losing streak - arid 
itt sixth loss in 

Belcher woofajr'^effi^ia T ^iv 
. nine starts 
trat oh 

ton homerei twrc: 1 

the first , tithe, 
visiting Milwktiicwr 
straight victory. TT|ihJBsie^^^S,-- 
their sixthin a v 

Albert Belie 
threo-mn shot. 

bad a two-run A - ■ 

. land. ' - • “ v 1 . : 

Orioles 3y Red 

sioa kept up widi;R^er • 
and Baltimore bait Bastoir^jFff^'- ■ 
den Yards. Mnssuta^sm^^^- 
strong innings. . sirik mKj h^Seg^ 
and walking 
worked the ninth' 

With the score lie 
Oriole eighth, Rafad 
an infield single that ecria^d^? 
hitting streak -to I9 ‘gjnne^v^^j£| 
in the m^ors. this.seasotLTteiBS 
Baines, who hMnered eafliec^K^.f 
gled Palmeiro to third;-. aiid'£si^ 
Ripken hit a sacrifiefc 
Royals 4, Mariners ^; DiSfy 
Cone pitched his second 
shutout and .won his sevemfi^ccuit 
secutive start as 

Seattle at the Kingdome.^t?^ 
struck out 10 and pitched a 
hitter. He did not allow- a - hh.yigtfc - 
Eric Anthony singled wj&TjtodnSv 
in the sixth mning. 

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Major League Standings 

Lm Angeles 
Son Froncisco 
San DIltio 

West Division 
21 IB 
21 IB 
17 1» 

ID 28 

East Division 



Hew York 















Central Division 




Kansas Clir 












Wesl Division 













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East Division 












New York 






Central Division 




SI. Louts 












Tuesday’s Line Scores 

Kansas Orv m M0 (MO— 4 7 fl 

Seattle HO dm on— a 4 i 

Cone and Mavne: SalKeld. Pianienbenj i&i, 
J.Nelwn (fl) and Haseimon w— Cone. 7-1. 
L— Sait-ew. M 

Milwaukee OH Dll 300—3 ♦ a 

Cleveland set 03D Mx — 7 9 0 

Eklreci Orosco (4|. BronHev IS! and 
Harper; Martinet. Mesa IW. Shuei (9> and 
Aftwiar. vV— Marline:. 3-4. C-Eldred. 3-5. 
HPs — Milwaukee. O'Lear. 111. Cleveland, 
Lallan 2 iti. Baerga i5i. Belle tin. 

Detrall 023 835 009—13 12 I 

Toronto 013 020 HO— 4 11 1 

Belcher. Hennemon |9| and Flaherir; 
Slortlemvre, Williams (tl. Brow la) and Bor- 
ders. W — Belcher. 1-7. L — Stoltlemvre. 3-2. 
HP— Delrdl i. Gomez i « i. Toronto. AJomor 1 3). 
Caner (lit. 

Boston DM BIO IBB— 2 9 1 

Baltimore nee on mx—J 5 » 

Clemens and Berrvn ill; Mussina. Smith 19) 
and Halles. W— Mussina. 7-1. L— Corners, 4-1 
Sv — Smith 116). HRs— Bosion, Naetirtna 161. 
Baltimore. Baines I5i. 

New York BOB 01# 10B— 4 9 0 

Minnesota oia ibb bj»— 5 i i 

Key. Wltitman 181 . Hitchcock (81. HernondM 
18) and MeMn; Deshales. Guthrie (B). Aguilera 

(9) and Walteck W— Gumnc. 3-1. L— Hernan- 
dez. 2-1. Sv— Aguilera (8).HR»— New rars.Gai- 
leoa i3i. Minnesala. Mad []). 

Olicooo 230 210 MO— IQ 16 2 

CalHornia 101 MO BOO— 2 4 1 

Bera. Schwarz I9J and Karkovlce; Lang- 
ston. Dapsan (61, B.Palierson 17), Grahe l«) 
and Fabregas. W-Berc. 4-1. L— Lanosion.2-1 . 
HRs — Ohicooa, Thomas Il3i, Fronco ( 10* 
Texas ni ooi 903 M h 3 

Oakland 014 620 OBO 0—7 II 1 

DO liming*) 

Hwrsl. Foiardo (51. Caroemcr I9i. Hanav- 

ida. Canine l«l. New Sar). Orsulot 151 
Atlanta mo 030 mo o— 3 7 2 

Cincinnati too MO 111 1 — 4 ID o 

(10 innings; 

Moduli', McMichael («! and Lopez; Pugh. 
Rutfln l&). McEiro. 17). Forlugna iSl.firani- 
le/ *103 and Dorseri. Toubensee 481. 
W— Brant lev. 3-1 L— McMichcei. l-i 
San Francisco oos 310 010—5 7 a 

Houston 0)0 too 000—2 7 o 

Swtlt Jn«*s«\ i7i. Beet i»> <ana Reea; Hot- 
nisen. Jones Coi. Veres (31 and Sarvais. 
W — Svrlll. S-3 L— HarmscMM Bt-cf *7) 

Wednesday's Results 
Yomiuri *. Hiroshima 0 
ro»uit 9, cnumchi 4 
Honstun 1 i orohomd 0 

Pacific League 













, 0 

















Nippon Haro 





cutl (10) and Rodr.gue^ Orilz 13); Jimenez- HRs— San Frcmciscc. Bonds :< HI. McGee <4, 

Briscoe I7|. Eckersler t*l. Ontiveros 1 101 and Montreal 
Slelnbach. Henoond I3i. W— Carpenter. 2-tL Phi lode Inh 
L— Cnllvenn. 1-2. Sv— Honeycutt it). Martinez 
HPs— Texas, Canseco I9i. Oakland, Berroa (Bland Fie 
(7j. Neel let. (Ji. Ander 


San Diego 102 DM Ml— 4 ID 1 Los Angele 

Chicago 007 3M 1»X— 11 12 0 Colorado 

Sanders. Elllo'i 13). Tanaka U>. PAWor- Asiacio. I 
I Inez (71. Hallman IB) and Ausmus: Guzman. Hqrkev.Hol 
Bollinger 17) and Will ins. Pargnl IB). (7londGlr« 
W— Guzman, 1-1 L— Sanders. 1-3. Sv— Bui- tori. 0-3. HP 
linger (1). HR— Chicago. Sosa 171. der 16). Co 

St. LOMU 0M Ml 100-2 5 0 

Pittsburgh 0M BM BOB — 0 2 0 

Urban. Habvan (BL Murpn* 18'. Perez (9). JapQIK 

RLPadrtouez (*). Arocno 19) ana t/KGriH; 

Smllh, AMcell (9> and Parrish. Slagghl (9). 

W— Urbani, I J. l— S mith. 4-4. S v— Aracha (11. 

Ftortda BM (02 010-3 IB a Yomlurl 

New York 1M Ml 902—4 6 0 Cnunlchl 

Popp. Aaulra 17', Mulls (B), Perez (**. Her- Yakull 
nandca 191 ana Sanllago; Smith. Mason IB). Hanshin 
Franco (9) ond Stinnctl. H und lev (8). Hirashlmo 
W— Franco. 12. l— H ernandez. 2-1 H Rs— F lor- Yokohama 

Montreal 000 Ml 310— S 10 1 

Philadelphia 200 MI 012-4 13 2 

Martinez. HereCic loi. Scan ie). weiictond 
(B) and Pleicner. Greene. Wesl 1 7i, siocamo 
|7i. Andersen (81. Jones |9| and DauHon. 
w— Janes. M. L—v/cf island, r j. 

Las Angeles 310 1M TOO— « 10 ] 

Colorado 301 DM BM — 7 1] 7 

Asiacio. Dreilort («1. Gall |9; and Piazza 
Harkev. Holmes 17 i.MJilunoz 171. Bal'enlield 
171 and Girardi. w— Bodenlleld. 1-0. L— Drei- 
torl. 0-3. HRs- Los Angeles. K.orras (51. Snv- 
der 14). Colorodo. Galarraga (141. 

Japanese Leagues 

Wednesday's Results 
Seibu 4. Niooon Ham 7 
Dalei 5. » iruelso ^ 

Lotle 10. Orlv 0 

The Michael Jordan Watch 

TUESD A i 'S GA.VE Joraarivenryicr-iin 
odoubleheader against Greenville «iihc sin- 
gle. lour II, oury one ground out Iv.o siris s- 
ouis and one ivali. He /mi zavghi sieciir.g 
twice Jordon had one owiout in nghl field 
SEASON TO DATE Jordan is boiling “25 
<3l-lor-130i wilh, doubles. 18 PBi. 
10 walks. 38 sir >v eouis and 1 0 stolen bases Inlc 
a rrempl s. Jordan has 51 oulou's. one nssis' 
and tour errors. 

Cenlra I League 










































- Tuesday’s NBA Playoffs 


4 Indiana 19 22 a 15—76 

I'z Atlanta 22 25 IB 23—88 

7 Indiana Jeoas series 3-2 

” .- Indiana; D. Davis B20-2D. Mckev 9-192-320. 

Smlis 242-2 4. Miller 8-18 1-3 22, Workman 04 

4- 4 4.A.Oavls3-42-38. Saotl Ml 3-4 7. Fleming 
3-5 J-3 9. 'Williams 0-0 0-0 0. Mllchell 04 0-0 0 
Totals 27 77 1 7-24 76 

AHania: Manning 7-1 S 64 2D. Willis 5-90-0 10, 
Koncok 0-20-00. Aug noon 44 1-4 9, Slaviock 4 - 
171-4 IA Ferrell 3-5 i-2 7. Lang 2-71-2 5 . EWa 9- 
13 3-322. Whcilev D-l 1-2 l.Tota»3*-72 13-25 88. 

J-Palnt goals— Irvd Iona 5-13 iM.tler 5-7. 
McKev 0-3. icon 0-3 1 , Atlanta 3-5 lEhio 2-3, 
B la. lock 1-21. Foaled oul— None romuM- 

5— Indiana 52 I Mcr.ev 13)- Allcnia 53 IBIav- 

lock TO). Assisis— Indiana 17 (Workman *1. 
AKanla23 f Blavlock 13).Totol fouls— Indiana 
27. a 1 (onto 22. Technicals — McKev. Atlanta 
illegal deiense. Fkigronl foul— Augman. 
Denver 15 24 22 26 7 15-109 

Utah IB » 2i 24 7 7— 101 

Utah leads series M 
Denver: Ellis 4-lT <ba B. R.Wiutams M2 l-l 
10. .'/ulamOo 2-4 >4 7. Abdal-Rauf 9-21 4-4 21 
5:ilh 4-10 14-14 22 Pack 4-Ti ||-15 19. B.Wil- 
llams 7-1 >5-919. R.>gers9-2O-0a Hammonds 0- 
1 2-2 1 Totals 34-83 40-48 '09. 

Utah: Carbm 4- U 4-4 17. Malone 8-184-12 22. 
Spencer 5-tl 1-5 13. Stockton 7-18 4-5 18. Horro- 
ce) 6-18 3-3 15. Humphries 0-2 040. Chambers 
3-ifl 4-4 la Benali 1-8 4-4 6. Hewiarcf M M 
0.Tolals 34-100 28-37 101. 

3-POint goals— Denver 1-15 i R.Williams 1-5. 
Ellis 0-1. 5iltr> 0-1. Rogers 0-1. AUM-Roul 0-3 
Pock 0-51. Uton 1-10 iCarUn M. Humphries 0-). 
Homacek D-Z Stockton 0-3. Benoil D-3). Fooled 
wi— Ellis. Matane. '^ambers. Rebounds- 

—Denver 62 1 EUis.B.wiiliama lli.uiahSB (Cor- 
bin. Saencer l«). Assists— Denver 23 i Pock 7 I. 
Viiob 23 I Stockton 13). Total fouls— Denver 32. 
Utah J8. Technicals — Mutombo. Pack . Humph- 
ries. u tef 1 1 (egol defense. Denver Illegal deiense 

1 Flagrant touls— Humphries. 

Phoenix 21 .14 24 JS— B4 

Houston 32 24 29 22— MB 

Houston leads series 3-2 

Phoenix: Barkley t4-2SD-230,Cetnlh»5-12 
1-2 11. Wesl 1-4 M 2. KJohnsan 4-13 2-2 M- 
MalerleMMO, Green 3-7 l-J 8, Miller 5-43- J 
l LAtmml :3M2kPerr v 1-7 (H12. F Johnson t-5 , 
04i K I*ine2-3(H1 4, Henrr 1-4 041 Z TotoM 3*-, 
97 7-12 86 

Houston: Harry 3-4 1-9 7, Thorne 8-124-4 20. 
844 1A EIW 3-54-4 lOHermci 1-1 0-0ZCassefl 2-5 
4-4& Cureton 3-42-28. Brooks 1-2CH1 2. Bullard 2-4 
M A Jen) 0-2 IH) atolato 41-73 24-24 100. 

3-Paint gouts— Phoeni* 3-13 (Bark lev 2-4, 
Green 1-L KJohnsonU.MalerleO-lHenrvO- 
21.Houslan 3- 10(Smllh2-J. Maxwell 1-4. Harry 
0-1, EHe 0-1. Bullard 0-1). Fouled out— Nana. 
Rebounds— Phoenix 44 {Miller TL Houston S* 
i Thorpe 13». Assists— Phoenix 1* (Miller. 
Henry 11, Houston 27 (Cassell 71. Total louls- 
— Phoenix 2a Houston li 


Tuesday’s PlayoH Score 

New Jersey • * 8—* 

N.Y. Rangers 1 0 3—4 

Series tied 1-1 

First Period— 1. Now York. Messier 7. 1:11 
Second Period— None. 

Third Period— 2. New York, Nemchlnav 2 
I Leetch. Noonan). :47. 3. New York. Anderson 
1.6:11. K New York. Graves 8 (Leelch, Messi- 
er). 8:38 ippj. 

Shots an pool — New Jafsry 5-6-^-ftNe*, 
Yack n-14-14-41: goc4l e s ' New Jari«T<hipr . 
dour. Terreri. New York. RicMer.-' ■ j- " 

"••• ' (A DgessaMoH^ .GeHAdd/'. '.' . 

. Red Group- . ... . ' .u vjfc 
Santa X Czech RepuMfeO: Serai Bniguftth 
Spain, del. Petr Korda Czech Reouto 1106844' 
6-1 ; CorkaCo«a.Soatn.def. Kotiel WdvcknMc 
m vV;-.’ 

Sweden % Australia 0: Steton EdOerg^Sve- 
derwdet. WoDvMosur . Austro da 4-27-61 1«^ 
MaenusGuslafssarb Swedwvdef. MarkMaod. 
torae. Australia. 4-6 7-4 (7-4) ) 64. ' 

t i rfn uu li up o) Frleadlies ,. 

Austria A Poland 3 -'. ijr 

England & Greece 0 ^ 


American Loam : ■ T..,; :;' 
CALIFORNIA— Fired Buck RpdBefA«W8 r 
ager. Named Marcel Lachemann maSiBfir.- 
and Joe Maddon bullpen coach. 'v'V,* j". 

CLEVELAND— Traded Tom ' Ktewr. 
pitcher, to Cincinnati for Jahn'HrwwBBli ' 
Pilcher. Assigned Hrusovskr to ContofrAkron 
of EL Joel Skinner, catcher, retired ancHeM 
named minor- league Instructor- \ £■£■- y 



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Beat Jazz 

The dun ruled Press 

The Denver Nuggets slaved off 
diminution for the fifth time in the 
playoffs, defeating the Utah Jazz. 
109-101, on Tuesday night in dou- 
ble overtime in Salt Lake City. 

Brian Williams had 19 points, 
including a dunk to give Denver the 
lead for good in the second over- 
time. It was Denver’s third over- 


time victory in 10 playoff garoe> 
and its fifth straight success in a 
must-win situation. 

Bryant Stith and Mahmoud 
AbduJ-Rauf scored 22 points each, 
and Robert Pack had 19 as the 
Nuggets trimmed Utah's advan- 
tage in the four-of -seven-game se- 
ries to 3-2. No team has ever won 
an NBA playoff series after trading 

The game was tied, 87-87. at the 
end of regulation and at 94-94 after 
one extra period before Williams's 
jam off a pass from Pack sparked a 
7-0 run that gave the Nuggets a 
101-94 lead with 2:27 left. 

The Jazz trimmed that to 103-99 
mi Tyrone Corbin's 3-pointer with 
52 seconds left, but got no closer. 

The Nuggets, making their first 
conference semifinal appearance 
since 1988, 'will be the host for 
Game 6 on Thursday. If necessary. 
Game 7 would be in Salt Lake City 
on Saturday. 

Karl Malone, who fouled out 
midway through the first overtime, 
finished with 22 points after scor- 
ing only three in the first half. John 
Stockton had 18 p ran is and 13 as- 
sists whik Corbin scored 17 for the 
Jazz, who failed to find an offen- 
sive weapon after Malone left. 

Hawks 88, Racers 7& In Atlanta, 
Mookie Blaylock bad his second 
triple-double of. the .series and 
Craig Ehlo came off the bench to 
score 22 points, keeping Atlanta 

AC Milan Wins Champions’ Cup, 4-0 



the mid n 
1 Ukraii’J 

JinicRu j_ 


lj,t Sr*-ih TV A«*«uinl Pire 

Karl Malone of the Jazz fought off a block by the Nuggets' Dikemhe Mtrtotnbo in Salt Lake City. 

alive in the Eastern Conference 

The Hawks cut Indiana's lead in 
the four-of-seveo-game series to 3- 
2. with Game 6 set fra* Thursday 
night at Indianapolis. 

Blaylock had Mpoints. 13 assists 
and 10 rebounds, and Danny Man- 


ning added 20 points for the 
jQea av 

Hawks, who pulled away late in the 
fourth quarter. 

Reggie Miller led the Pacers with 
22 points, including five 3 -point 
baskets, and Derrick McKey added 
20, but Indiana was frustrated by 
Atlanta’s tight defense and shot 

onf^35 percent from the field. 

Hawks, meanwhile, made 
just 13 of 25 foul shots but held 
Indiana scoreless in the final 2:39. 

The Pacers twice built five-point 
leads in the first half, the last at 37- 
32 on a pair of free throws by 
Antonio Davis with 4:06 lefL 
Blaylock then led a Hanks come- 
back. hitting a 3-pointer and con- 
verting a steal into a layup in the 

final minute to lead Atlanta to a 47- 
41 halftime lead. 

Indiana opened the second half 
with a 7-0 run on two baskets by 
Miller, one a 3-poinier. and an 18- 
footer by McKey Tor a 48-47 lead. 
Ehlo followed with a 3-pointer for 
the Hawks before Miller's 20-foot- 
er tied it at 50-50. 

Manning's two free throws, a 
driving layup by Ehlo and a 3- 
pointer by Ehlo gave Atlanta a 57- 
50 lead with 7:49 left in the third, 
and after (hat the Pacers were never 
able to catch up. 

Rockets 109, Suns 86: In Hous- 
ton, the Rockets, dominating from 
the opening tip, opened a 2 1 -point 
halftime lead and added to it in the 
second half for an easy victory over 
the Suns and a 3-2 lead in the series. 

Game 6 in the Western Confer- 
ence semifinal p layoff series is 
Thursday night in Phoenix. Game 7 
would be Saturday in Houston. 

Hakeem Olajuwon and Oris 
Thofpe each scored 20 points and 

Kenny Smith had 16 for Houston, 
which Finally shut down Kevin 
Johnson and won its third straight 

Houston's knockout punch came 
early. The Rockets had a pair of 
early 9-0 spurts, the second of 
which gave them a 27-13 lead in the 
first quarter. They did not lei up in 
the second period, opening the 
quarter with a 1 0-1 run en route lo 
a 58-37 halftime lead. 

By Ian Thomsen 

Inrernulnitu! HcroU Tnbune 

ATHENS — To read the mind of Bernard 
Tapie this morning: Mferr the . . 

Everything known by the Marseille owner to 
be true one year ago has now ihoroughlv and 
furally been abolished, for AC Milan on 
Wednesday night beat FC Barcelona. 4-0. in the 
European "Champions' Cup final at the Olym- 
pic Stadium. 

In this same final one year ago. Marseille was 
upsetting this very same Milan. 1-0. which 
Tapie took to mean that he had outsmarted his 
European rival, the Milan owner Silvio Berlus- 
coni. One year later and Tapie i.s thoroughly 
discredited! accused of. punished for and debt- 
ridden by a match-fixing scandal in France. As 
for Berlusconi, he is only the prime minister of 
Italy. Bui everyone knows that. 

As prime minister, he must remain official K 
distant from the team, but that shouldn’t pre- 
vent him from accepting the credit that he 
wasted his millions trying to buy Iasi year. 
What was the greatest team ever assembled last 
year (a losert was convened into a cautious und 
defensive side this year (a winner). 

Perhaps it won so magnificently not in spite 
of. but because, more of its greatest names had 
been shorn for this game — the defenders 
Franco Baiesi and Alessandro Cosiacurto by 
yellow curds, Stefano Eranio by injury. Milan 
happily pushed forward rather than risk staying 
in its own end, where those losses might be 
magnified and exploited. So it became the at- 
tacking team it rarely was this season, the 
attacking team it was supposed to have been a 
year ago. 

The attacking team on this night was sup- 
posed to be Barcelona. 

In little time the most dynamic player was 
shown to be Dqan Sa vices ic. thoroughly ob- 
scured by more charismatic names- on Milan 
last season. His pirouettes and fly-bys fright- 
ened Barcelona immediate! v. and the Spaniards 
never knew what to do with him until they 
started hacking him down early in the second 
half, but by then it was 3-0 and Barcelona's 
manager. Johan Cruyff, was still shaking his 
head at this sight from the 47th minute — of 
Savicevic chesting the defender Jose Guardiola 
off of a soft, high ball, then pivoting to lob it in 
from just outside the left aimer of the box. It 

dropped below the cross bar and above the 
misposi tinned and lunging soa! tender Andoni 

Zubizamrta like a coin into a piggy bank. 

That game was just reward for everyone who 
never had their chance last year. After Barcelo- 
na had regained some of its balance in the first 
10 minutes, the game look on the pace of 
wonderful basketball ti.e., not the kind plaved 
in Europe). 

Savicevic has a wonderful sense of justice. In 
the 20th minute, Savicevic was sent forward by 
Zvouimir Boban: He spun around Miguel An- 
gel Nadal and was suddenly into the box with 
Zubizarreta diving at his feet. Just before im- 
pact Savicevic was sliding to get what appeared 
to be a hopeless, desperate shot. 

But he got it off. all right, and it wasn't a shot. 
It was a smart bomb that curled directly to 
none other than the striker Daniele Massaro. 
Milan's leading scorer this year and its most 
useless player exactly one year ago. when he 
failed to seize victory 1 for Milan while Marco 
van Basten hobbled with his perennially bad- 
ankle and Jean-Pierre Papin bit his fist waiting 
to get in. 

Anyway. Massaro put that one into (he open 
goal just as he would in the final minute of the 

half. Savicevic danced through Barcelona down 
the left side until there was no more field to 
conquer. So he made a U-ium in the box and 
crossed to Massaro. who was as ruthless with 
his second goal as his teammate was beautiful. 

After the third goal the English referee. Don 
Philip, was handing out yellow cards as if they 
were flyers on a street corner. The Barcelona 
defender Alberto Ferrer earned one for taking 
down Savicevic. who quickly earned his revenge 

by making Ferrer fed like the door of a tele- 
phone booth. As the resulting shot — a sure 
goal — bounced off the right post. Savicevic 
was just releasing his curly hair from his hands 
when he noticed Marcel Desailly riding in from 
the left side, alone, with the sloppy clearance. 
Tapie will recall Desailly as a key player for 
Marseille last year, sold to Milan this season in 
an attempt lo recover finandallv from the 
French scandal. 

All night Desailly had watched Savicevic s 
back, reading everything, and preaching that 
nothing shall pass. He was as strong as the other 
was nimble, and his point-blank goal in the 
58th minute seemed to rustle the goalkeeper's 
hair as it whizzed past his left shoulder. 

In the final minutes. Papin appeared on the 
sideline in street clothes: A luxurious member 
of last year's Dream Team, he could not even 
earn a place on the bench this year, and next 
season he will play in Germany. But he wa> 
celebrating, as were Baresi and the others: Mi- 
lan’s coach. Fabio Capdlo. raised hi> arms, for 
with his first Champions' Cup (Milan's fifth 
overall | he had escaped the shadow of Arrigo 
Sacchi's champagne Ibotball of 1989 jnd 1990: 
and the people were chanting: Berlusconi. Ber- 
lusconi. which made you think, it really is 
amazing, how much can change in one short 

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The Rockets were running and 
hitting from inside and outside, 
and the Suns could not keep pace. 
Charles Barkley, stretching his ach- 
ing back during timeouts, scored 20 
points in the first half. He finished 
with 30 and sat out much of the 
fourth quarter. 

Olajuwon and Thorpe each 
scored 1 1 points in the third period 
and the Rockets took an &7-«\ lead 
into the fourth. Houston opened a 
32-point lead with 9:09 to go at 95- 

America Turns to a New Bicycling Prince 

By Samuel Abt . 

Iiuenumena I Herald Tribune 

dina — Somewhere ontbeTour 
DuPont’s tong road from WBmteg- 
ton, Delaware, to Winston-Salem. 
North Carolina, the public changed 
sides, crossing over from Greg Le- 
Mond to Lance Armstrong. 

The nod era in American bicycle 
racing edges closer. It may be a few 
months too early for anybody to 
cry, “The king is dead, long live the 
king” — the Tour dc France in July 
should help determine bow true 
that is — but for now *e 22-year- 
old Armstrong ranks no lower than 
prince regent. He‘s the fellow who 
rules during the absence or infirmi- 

How infirm LeMond, 
mains a question. 

*Tm feeling good, I think I'm 

getting it back,” be insisted in an 

interview early in the Tour Du- 
Pont, which ended in the hush- 
belt ujF North Carolina, on 
ty. His allergies were under 
control, LeMond added, and his 
chrome fatigue was lessened. 

But there. was no question about 
his absence. The three-time winner 
of the Tour de France was never a 
player during the DuPont: 22d 
place overall, laggard finishes in 
both time trials and struggles in the 
mountains. At the end, he was 10 
minutes, 39 seconds behind the 
winner, Slava Efcfcmov of the Word- 
Perfect team. 

LeMond's only consolation, he 
said, was that “maybe this is a good 
9gn because I’ve always done well 
in the Tour de France when I've 
done badly in the DuPont” 

And vice versa. He has nol done 
well in the Tour de France, or any 


A Perfect Game Is Pitched in Japan 

TOKYO: (AP) — Hiromi Makihara pitched Japanese professional 
baseball’s first perfect game in 16 years as the Central League’s front- 
running Yonriuri Giants shut out the Hiroshima Toyo Carp. 6-0, at 
Fukuoka Dome on Wednesday. . 

Makibara Ad not allow a single batter vo reach first base as he struck out 

« v rtf. 1/V> — 1 TTia TA-iurar-Al/I ll^lnhara 

seven and walked none. He threw 102 pitdtes. The 30-year-old Makihara, 
■ ’ ,: - L the feat in Japanese 

4-1 this season, was the 15th pitcher to accomplish 
professional baseball history and the eighth in the Central League. 

For ihe Record 

The Eoglmd ragby team began its trair of South Africa by losing. 22- 1 1 . 

to the Orange Free State provincial side Wednesday. With a lineup of 
mostiv second-string plavers, England held a 6-5 lead at the half thanks to 
two penalties by flybalf Stuart Barnes. But the South Africans scored 
three tries to one by the visitors in the second half. (AP) 

The Austrian driver Kart Wendfiager is being brought out of an 
artificial coma by his doctors m Nice, his Formula One team stud 
Wednesday: “Wend linger is being awakened slowly over several days by 
reducing bis medications,” the statement said. Tie is scanned at inter- 
tvals." Wentffinger suffered severe bead injuries m a crash during warm- 
ups for the Monaco Grand Prix last Thursday. (AP) 

A soccer referee was killed in Algeria when a player punched him in the 
temple after being expelled from a game between Ain Boudmar and 
Stidia, Algerian radio reported. ' Ar * 

other race, since 1992. when he won 
the Du Pool People are beginning 
to notice even in the United States, 
where professional bicycle racing 
attracts scam attention. 

When the 12-day DuPont began 
in Wilmington on May 4, LeMond 
monopolized fan interest At the 
short prologue to the race, Arm- 
strong went hardy noticed in his 
rainbow-striped j ersey of the world 
road race champion as he pedaled 
to the start, passing the team car in 
which LeMond awaited his turn. 

The car was surrounded by spec- 
tators, many of them carrying cam- 
eras and some of them carrying 
children. Everybody wanted a 
memory of LeMond. As he moved 
to the start tine, the streets of Wil- 
mington rang with cheers, which 
were renewed when LeMond fin- 
ished fifth in the prologue. 

Armstrong, meanwhile, was 25th 
on a cold and rainy evening. 

“I rode like a grandma.” he ad- 
mitted ruefully, meaning be had 
beat far too cautious about crash- 
ing cm a stretch of wet cobble- 

A few days later Armstrong rode 
better, finishing third in a demand- 
ing time trial over two big climbs. 

“It was loogh." he said, “but 1 
was able to push myself and it felt 
good to push myself.” 

LeMond lost more than 4 min- 
utes on that stage and said be had 
been shocked at its difficulty. He 
slid far down the standings and 
remained there. 

They love a winner in the United 
* States, or at least a contender. The 
public turned out in gratifying 
numbers at the sides of the Du- 
Pont’s many roads through Virgin- 
ia and North Carolina and at its 
daily small-town starts and finish- 
es. What these fans read about in 
tbar newspapers and saw on their 
television was no longer LeMond 
but Armstrong, and their alle- 
giance shifted from one American 
to the other. 

The script was perfect for people 

who turned out to cheer “USA. 
USA” as the pack went by: Arm- 
strong, a Texan, working to over- 
take Ekunov, a Russian. This type- 
casting became even more pointed 
as Ekimov stayed on Armstrong's 
rear wheel and rode defensively, 
refusing to attack but following 
each attack by his rival. 

The public didn't know it but 
that is U>e wav races are won. 

“To say it doesn’t bother me. I’d 
be lying," Armstrong said. “But 
that’s just the way Lhe sport is." 

Tell that to newspapers and tele- 
virion more accustomed to report- 
ing on stock car racing: The daily 
theme became Ekunov as a some- 
how unfair shadow of Armstrongs. 

“The guy in second place." said 
Armstrong, referring to himself, 
“looks like the champion now, he 
looks like the fighter, he looks like 
the guy who deserves to win. And 
the guy in the leadership role, he 
looks like he’s just sucking whed.” 

If the first part of the DuPont 
had belonged to LeMond. the sec- 
ond part, when the real racing be- 
gan, belonged to Armstrong. After 
all. he was the contender. 

In the mornings, when fans are 
allowed to wander the staging area 
and ask the riders for autographs, it 
was Armstrong's team car that was 
surrounded. Although LeMond 
continued to attract the public, loo, 
it was obvious who won the loudest 
cheers at the daily sign-in and in- 

Armstrong ended his race by 
holding on to second place. 1:24 
behind Ekimov, with a good per- 
formance in the time trial into Win- 

“I'm disappointed, I'm not over- 
ly happy,” he said, to finish second 
two years in a row. Armstrong 
promised to be back to try for vic- 
tory 1° the DuPont next year. 

“I’m still young and inconsis- 
tent," he ad mi lied “I’m moving up 
in the ranks, I can get belter." 

LeMond? He too can get better, 
and has to do it soon. 





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art buchwald 

The Terminator Vote 

Y 1 TASHINGTON - The close 

*T House of Representatives’ 
vote to ban assault weapons bv 2 lb 
to 214 **5 a major defeat for the 
National Rifle Association and a 
super victory for every hospital 
emergency room in the country. 

The majority or Democrats vot- 
ed for tiie ban. and the majority of 
Republicans voted against it This 
division along 
political lines 
has the pundits 

very puzzled. 

. We were all 
sitting around a 
table at the Na- 
tional Pundits 
Gub trying to 
figure out why ^ 

the final vole fl 
went the wav it , 

did. Buchwald 

“Is it possible that when it comes 
to bullets the Republicans have 
thicker skins?" Sandy Lawson 

Marc Shepard didn't think that 
this was the case. 

Marc felt that the Republicans 
did not need the ban because they 
could afford to wear bulletproof 

"I know one Republican who 
says that instead of wasting our 
money banning assault guns we 
should use it to build more golf 
courses for white-collar criminals.'' 

Congressman Bill Topercer told 
us: “Once you start dictating which 

Lauren Fined 
In Tuxedo Case 

{nice Fr^niv-PreiSt 1 

P ARIS — The American fash- 
ion designer Ralph Lauren was 
fined 2 million francs <J35G.OOO) by 
the Paris Tribunal de Commerce on 
Wednesday Tor copying a tuxedo 
dress by Yves Saint Laurent 
At the same time. Ralph Lauren 
was awarded 500.000 francs in dam- 
ages and interest in a defamation 
action he had brought against Pierre 
Berge. head of the YSL couture 
business, for remarks that appeared 
in Women’s Wear Daily. 

In addition to the 2 million francs 
awarded to the YSL couture busi- 
ness. Rive Gauche, the ready-to- 
wear arm of the fashion empire, will 
receive 200.000 francs in damages. 










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assault weapons can be sold and 
which ones can't be. the next thing 
the government will do is lax us for 
shooting oursdves in the foot Our 
forefathers had the Republicans in 
mind when they wrote that every 
citizen was entitled to have an as- 
sault gun to defend his home, his 
summer home and his country 

"The truth or the matter is." said 
Sandy Lawson, “that Republicans 
have closer ties to the National Ri- 
fle Association because they eat in 
the same restaurants and exchange 

frail cakes and wild venison with 
each other at Christmas lime." 

Barry Sbanoff told the group: 
“Representative Ratnick informed 
me that the National Rifle Associa- 
tion lobbyists are the only real 
friends he has. One time he was 
stuck in the snow in West Virginia 
and they sent out a 195-millimeter 
artillery piece to guard his car until 
it was pulled out of the drift." 

All the pundits agreed that the 
NRA didn't care if you were a 
Republican or a Democrat as long 
as you voted with your head in- 
stead of your heart. 

I am still not certain if any of the 
reasons expressed by my fellow 
pundits made sense. 

I telephoned one of the Republi- 
can support groups to see if they 
could give me tbe answer. 

1 said. “I’m calling about the 
assault gun bill.'’ 

“Shoot." he said. 

“Why were so many Republi- 
cans against banning the weap- 

“Because we believe in prayer in 
school. As long as you have prayer 
in school you don't have to worry 
about assault weapons in the class- 

“Are you sorry you lost?" 1 

“Nobody likes to lose when it 
comes to banning assault weapons, 
but there is no reason we can't 
come back next year and add new 
weapons to be sold. This country 
cannot survive with the number of 
guns now on the market. On Elec- 
tion Day the congressmen who vot- 
ed for the ban will have to answer 
to a higher being than the House of 

-Who’s lhatT 

“Charlton Heston." 

A Trip Into the ‘Woodshed’ With Dr John 


By Mike Zwerin 

International Herald Tribune 

P ARIS— “Woodshed” means to prac- 
tice or rehearse, shed for short. Mal- 
colm (Mac) Rebennaci a /jo a Dr John 
spends as much time as possible shedding 
with his band because it “builds self-es- 
teem and I feel good about life." Joints 
and concert halls alike are all just sheds as 
far as he's concerned. 

Rebennack considers being paid for 
shedding a sort of bonus. Studio work can 
be creative in its way. but producers, ar- 
rangers and engineers keep “pulling in 
their two cents." and a horn section ac- 
companying you through earphones leaves 
much to be desired. He's interested in 
making real-time music that “ain’t goin' 
on no tape. It’s just goin’. It's cornin’ 
through you. Thai’s the best feelin' in the 
world. If you don't get happy doin’ that 
you're doin' somethin’ wrong." 

“My band plays a little bit of every- 
thing ..." Let's stop d arpping his Gs. 
you get the idea. Rebennacifs thick Della 
accent (he was born in New- Orleans in 
1941) could use subtitles.- . . . Our road 
book has 120 songs, from Horace Silver 
tunes to my stuff and tunes that sound 
good with three horns. ’’ They worked in 
Germany somewhere the forgets exactly) 
last night, play Barcelona tomorrow night 
and (he thinks) Switzerland the night aTter 
thaL Good thing he can afford a good road 

Dr John (once suffixed by “The Ntaht 
Tripper”) has accumulated a wide assort- 
ment of cult followers by exploring Creole 
jambaiaya. Cajun conceptualism, ragume. 
the blues, funk. jazz, barrelhouse and boo- 
gie-woogie. There was a short spell with 
Frank Zappa: “1 couldn't figure out whai 
was happening. Frank was too freaky for 
me.” Too freaky for Dr John would appear 
to be freaky indeed. 

Any way you look at it. he has played 
key roles in so many styles you wonder 
what be considers himself. 

“I'm a musician." he proclaims more 
than replies. Followed by a prayer more 
than an afterthought: “1 hope.” 

He began his career as a baby -face on 
Ivory Soap boxes (his mother was a mod- 
el). A large, bearded man who wears a 
beret carries an elegant cane and occupies 
more than his own space, his singing voice 
resembles him. He writes songs with lines 
like. ‘Tm a Berkeley student in the John 
Birch Society.” 

.After some preteen hanging out in his 
father’s “race record” (a style now called 
Urban Contemporary) studio, he learned 
the guitar from Waller (Papoose) Nelson, 
and he played the piano with his mentor 
Professor Longhair. Rebennack became 
one of the rare white musicians on the 


Forecast for Friday through Sunday, as provided by Accu-Weather. 

Mac Rebennack: “If yon don't get bappy you’re doin' somethin’ wrong.’ 

black New Orleans session scene. He led a 
band for the white teen pop star Frankie 
Ford and wrote “What’s Goto’ OnT for 
Ait Neville. He recorded for small labels 
with names like Ebb. Ace. Ric and Ron. 
several of which collapsed, and ihere was 
some sort of shooting incident involving a 
promoter. It was time for Mac Rebennack 
to get out of Dodge. 

In Los Angeles, he recorded with the 
likes of Sonny and Clier. Mick J agger and 
Eric Captor, were guests on his album “Tbe 
Sua Moon and Herbs.” and he played on 
T he Band’s “The Last Waltz." It’s hard to 
find a musician of any stripe who doesn't 
respect Dr John. The industry calls him a 
“major roots artist” and. according to 
Down Beat magazine, be is a “serious mas- 
ter of (he New (Means piano tradition/’ 

That tradition, like most other American 
traditions, has bv now moved out of its 

traditional home. It is easier and cheaper to 
record his band in New York than to bring 
the engineer and all the equipment down to 
New Orleans, which, although it's still his 
home, is not what it used to be: “When Jim 
Garrison became district attorney he 
(hopped down all those dubs, the joints 
that made their money with the gambling 
upstairs: with narcotics and prostitution. 
0. KL, it’s true, everything was bootleg, but 
the first ones he shut down were the places 
the cuts went for jam sessions. He killed 
that whole thing. He tore down all them 
strips except Bourbon Street, where nobody 
except tourists ever wanted to gp. And now 
all the local places for local people are 
just. . . . well, history. Gone. It bothers 
me. New Orleans used to be so fonky.” 

To explain the title of his recently com- 
pleted memoir, “Under Hoodoo Moon." 
he says: “‘Hoodoo’ is a corruption of 

voodoo, like everything in New Orleans is 
corrupt.” Apparently it’s also corrupted 
his use of language — witness “Shut D. 
Fonk Up,” tbe tide of a track on' his new 
album, “Television ** (GRE)/' . . 

He says fe was only trying to be^a little 
rappy. That’s the way kids talk today. 1 * So 
it's a son of secoraHevd comment on 
American sodety. His u$eof. driun ma- - 
dimes was on the same level Hetwirfed 
the knobs whenever he fehltke rt/tobrad - 
saxophone notes for example. Tbe. engi- 
neer said the machine is supposed to be - 
programmed in advance, bu t Rebennack . 
“was just having some kicks.” He’s aware 
that hts irreverent attitude toward technol- 
ogy is probably considered “obs6Jete”by 
the people who consider themsel ves “bap-~ 
p eeing ” But he’ll “have fun teing obso- 
lete and they can have fun doing whatever 
they're doing." 

ms record company, describes tbe al- . 
bum as a “follow-up to 1992’s ‘Goin’ Back 
to New Orleans,' which wot a Grammy. , 
Television’ features more of the same exu- ; 
Ivyant piano tinkling, inffiCtiOUS ' gpod* . 
time grooves and gravelly wit that fa as 
made Dr John a true New GdeansJcon.” 

Kicks have been Dr John's principal . 
currency, a means of exchange which, 
however, is too easily devalued; “There are 
songs I wrote that don't even lave rny 
nam e oh them. And if it is there, it's with i _ 
three other guys didn't have nothing to do 
with it — the manager, the disk jockey, the. 
leader, whoever. Lots of times I didn’t - 
even have a contract One contract I 
signed had a big fat ‘zero' after 'rate of 
royalty/ You believe that? 1 thought you • 
got your royalties on the sheet music. Now 
with electronics and aQ, they don't even 
hardly print , riieet moric any more. Tye" 
always just gone along with what happens 
to me. I didn’t look at business. 1 was. 
always doing this instead of thaL” 

His “freaky’' image resembles that of 
Zappa ——just thaL image. Along with, re- _ 
cording for what he proudly refers to as ' 
“rum-dum record companies” with little- 
known down-home friends of his* he. has 
done his share of lucrative commercial jm- 
gles for the tikes of Popeye’s Chicken. He 
helped produce a tdeviaQn special dbcu- ., 

zzne*He can’t remanb^many^t^^^^ 
ucts he’s hawked bccanse “by the time I , 
leant the tune we done did it, the session's - 
over." He'll play jingles for the money but ' 
they don’t pay him to remember man. 

Right now he's “trying to hook up” a 
tribute to Doc Pomus album with Bob 
Dylan. And Liza MnmeUi “called about 
doing something together, ft sure would be 
a kick going into the woodshed wi thher.” 

Dr John: Thursday, Hannover: Friday, 
Berlin: Saturday. Vienna; .. Wednesday, 7 - 

Berlin; Saturday, 



! UnM4MOU4V 

i UiVnscralVy 

North America 

Orlando la Savannah. 6a.. 
mill have cool, urel weather 
Friday into the coming week- 
end Washington. D.C. to 
Boston unli he dry mih e 
gradual wanning hold Hoi 
weather will e'tend nortn- 
ward from Dallas through 
Minneapolis and Winnipeg. 
Coal weather and scanered 
rams wB invade the Rochies. 

Middle East 


South-central Europe, 
including Rome and Athens, 
viil be diy and warm Friday 
mo the weekend. A cod rain 
will soak Si. Petersburg. 
Moscow will lum cooler over 
iho weekend with a *ew 
snowerv This weekend will 
be milder horn London la 
Pan9 wiih periods o< rain 



Scattered showers and thw»- 
deretorms will occur in 
Japan, including the Tokyo 
area, this weekend Cooler 
nealher will overspread 
northeastern China Central 
Chna. mdudmg Bes^. «nU 
lum mucfi waimer this i.eek- 
end. Tltinderstcms tkB sMI 
northward from Mvarma: to 
south-central China. 









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i Symbd of 
7 Brewing 
ii Leave it to 

14 Julia, on 

15 Mayberry 

is Mistress Braun 
17 ‘Walt Til My 
Bobby Gets . 
Home" singer 
ifl Marshy area 

so Docfcworkers' 

21 Four laps, 

22 A Sesame 

MX rating? 

29 Sticker 

27 Ccme to a halt 

28 Patron saint of 

30 Co-star of “The 

22 Government 
health program 

34 "Hail, Caesar!" 

33 Forge materials 

Solution to Puzzle of Mav 18 < 

HPOQon aanaia 
DGiHciBnfD QBaHaa 

□□□Hacia naanaas 
mafDtno □innaaoaaa 
bqbei anaa aaaaa 
qdh QHf§aa aaaa 

□□□ms aHoiaaaa 
□□□□ □□□□□ cjua 

otjuua anas □□□□ 
f3Baaaai30H atiaua 
□QQQQQQ □auuu^u 
auLiDua uaauuuEj 
QQQiis aQHaaa 

M Where Naxos is 

39 Hard water? 

40 Contest entry, 

42 The Babe Ruth 
of Japan 
48 Science writer 
4r Ease up 
48 Hymn 

so Record 
Bi Site oflhe I960 

82 Ad writer's 

■3 Lend a hand 
38 Cousin of 

88 Former E Street 
Band member 
80 Baseball throw 
bi Working away 

62 Bar perches 

63 Journal 

M Coolers . 

83 Lake Huron port 

1 1t's seen in anger 

2 According to 

3 Tenderizing 

4 Brook 


6 Place to relax 
T “Tha • 

. Misanthrope" 

■ Harism theater 
a As It occurs 

10 Driving naed 

11 Trounce 
13 Place for -’ 

trophies " 

18 Barbecue 

22 implore 

23 Tabby's mate 
»* Kind ofsch. 

28 Rhododendron 


27 Break the 10th 
aa Impair 
oi Warfield of 
"Night Court’ 

M Secret supply 
28 10’ 4 ‘ 

37 Witch’s vessel - 

38 Therefore • • 

40 They go by the 

41 Cerberus or 
Argus. e.g. 



43 Homes ' 

44 Vandalize 

48 Arrive attest 

49 1993 treaty 

■a Give as a . 

Out of lhe 'Sunset 

patfl LuFooc and Anting 
Webber hai-e readied a 

hi their dispute over the 
ex’s contraei ■»<> 

Broadway produciioo trf ^ 1 ^ 

Boulevard.^ Details of 

meoi were aot rejeased, but« 

. hasbeen specuiauon *ai 

cost the composer $1 m j U)0 r n hrt . 
mxyre to buy Lufooe out of her 

contracL LuPctne ^ 

Fcbmary by Cteftn Oose as the 
star of the Broadway producuon. 
whtdi is to open in November. 


Unlike ibe stare of “Dynasty. 
Washington's «3fl family has sd- 
tied its bitter business feud id a 
dosed courtroom. The family patri- 
arch, Herbert FL Haft, and bis sen. 
TteasU, will pay Herberts 
Gloria Haft, and Herbert and Glo- 
ria Haft’s other two children, Robert 

M. and Linda Haft, an undudosed 
sum for a large part of their interests 
in the Haft famBy real estate and 
: retail fortune, according to source; 
dose , to the negotiations. Tbe farn- 
jjhr*s assets are estimated to be worui 
£500 million to $1 billion. 

:PtiDces lKna spends £3.001 
($4^00) a week of her eslranwc 
husband's money living tbe highlue 
according to press reports A num- 
ber of British tabloids reported th3 
PitoceGbaries was furious when h» 

came across a tab of £160^,000 (for i 
. year) for Diana's- clothing, casua 
wear for thar senu, her alternative 
treatments, makeup, hair 
-during, pfts and traveL Bucking 
hatn Palace disniisaed the reports 3i 
“jQa-gossq3. ,, . 1 / Claries signet 
a contract In Sl Petersbuig for hi: 
Rwaness Leaders Fortim to publisl 
; and bdp preseiye the 170-year-olc 
man uscripts of the poet'AfexandeJ 


a •• 

•1 ' A London magistrate has jailei 
the Maiquen of^ Bhtndford, heir ol 
die I Ith Mie of Marftoroi^, fot 
three weeks, after be showed up 
nearly four hours lain for a coun 
appearance. Blandfotd, 38, plead- 
- ed guilty last month to stealing a 
checkbook and check forgery, ant- 
had been due to be sentenced. ' 



.Appears an Papa 4 & 1 7 

■4 Or. Franken-'. 

’• stem's assietttt 
aaShut - eye • 

fcjrerunner ■ ■ 

98 "Boole Boola* . 

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) 1 1 

-O New York Times Edited by Win Shorty 

Travel in a world without borders, time zones 

or language barriers. 


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Liechtenstein* 155-00-11 Chile 

Lithuania* 8*196 Cotombfa 

Luxe mbourg O-SOMlll'l CoscaRica 

Macedonia. F.YJL of 99-8004288 Ecuador* 

M.du* >18)0 -8«M 10 0 Sahndo 

Mtmaco" , ■ . . I9*-00I1 -Guaiemali 

?<qheriandS* 064)22-9111 Guyana** 

Nor rea>- 800-19 0-11 ’ Honduras' 

Poland**— 0*010-4804)111 MrdCD*4 

05017-1-288 Nlcaragm 

Romania 01-800-4288 Panama* 

ttgsatarfMbacow) 155-5 042 Pem* 

S lovakia 00420-00101 Suriname 

SpRaa . ■ MX3-99-00-1 1 Uruguay 

Srreden* 020-795^11 Venezuela 

Swtttcriand* 15500-11 

ILK. 0500-8 94)011 Mmhm. 

efcrainc - : , ■ . 8 * 10 0-11 Bermuda* 

MIDDLE EAST •• British VJ. 

- ■' »hn»i Cayman Is! 

- . Q»>9ri Qio - Grenada* • 
: 177-100-27?? . Main* 

■■WO-zfiM Jamaica** 




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penr - • - iST 

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