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test.ccc
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test.ccc
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(S (INTJ No INTJ) , (NP it NP) (VP was n't (NP Black Monday NP) VP) . S)
(S But (SBAR while (S (NP the New York Stock Exchange NP) (VP did n't (VP fall (ADVP apart ADVP) (NP Friday NP) (SBAR as (S (NP the Dow Jones Industrial Average NP) (VP plunged (NP (NP 190.58 points NP) (PRN -- (NP (NP most NP) (PP of (NP it NP) PP) (PP in (NP the final hour NP) PP) NP) -- PRN) NP) VP) S) SBAR) VP) VP) S) SBAR) (NP it NP) (ADVP barely ADVP) (VP managed (S (VP to (VP stay (NP (NP this side NP) (PP of (NP chaos NP) PP) NP) VP) VP) S) VP) . S)
(S (NP (NP Some `` circuit breakers '' NP) (VP installed (PP after (NP the October 1987 crash NP) PP) VP) NP) (VP failed (NP their first test NP) (PRN , (S (NP traders NP) (VP say VP) S) , PRN) (S (ADJP unable (S (VP to (VP cool (NP (NP the selling panic NP) (PP in (NP both stocks and futures NP) PP) NP) VP) VP) S) ADJP) S) VP) . S)
(S (NP (NP (NP The 49 stock specialist firms NP) (PP on (NP the Big Board floor NP) PP) NP) -- (NP (NP the buyers and sellers NP) (PP of (NP last resort NP) PP) (SBAR (WHNP who WHNP) (S (VP were (VP criticized (PP after (NP the 1987 crash NP) PP) VP) VP) S) SBAR) NP) -- NP) (ADVP once again ADVP) (VP could n't (VP handle (NP the selling pressure NP) VP) VP) . S)
(S (S (NP Big investment banks NP) (VP refused (S (VP to (VP step (ADVP up (PP to (NP the plate NP) PP) ADVP) (S (VP to (VP support (NP the beleaguered floor traders NP) (PP by (S (VP buying (NP (NP big blocks NP) (PP of (NP stock NP) PP) NP) VP) S) PP) VP) VP) S) VP) VP) S) VP) S) , (NP traders NP) (VP say VP) . S)
(S (NP (NP Heavy selling NP) (PP of (NP (NP Standard & Poor 's NP) 500-stock index futures NP) PP) (PP in (NP Chicago NP) PP) NP) (VP (ADVP relentlessly ADVP) beat (NP stocks NP) (ADVP downward ADVP) VP) . S)
(S (NP (NP Seven Big Board stocks NP) -- (NP (NP UAL NP) , (NP AMR NP) , (NP BankAmerica NP) , (NP Walt Disney NP) , (NP Capital Cities\/ABC NP) , (NP Philip Morris NP) and (NP Pacific Telesis Group NP) NP) -- NP) (VP (VP stopped (S (VP trading VP) S) VP) and (VP (ADVP never ADVP) resumed VP) VP) . S)
(S (NP The UNK-LC-ing NP) (VP has (ADVP already ADVP) (VP begun VP) VP) . S)
(S `` (NP The equity market NP) (VP was (ADJP UNK-LC ADJP) VP) . S)
(SINV (S (ADVP Once again ADVP) -LCB- (NP the specialists NP) -RCB- (VP were not (ADJP able (S (VP to (VP handle (NP (NP the imbalances NP) (PP on (NP (NP the floor NP) (PP of (NP the New York Stock Exchange NP) PP) NP) PP) NP) VP) VP) S) ADJP) VP) S) , '' (VP said VP) (NP (NP Christopher UNK-CAPS NP) , (NP (NP senior vice president NP) (PP at (NP UNK-CAPS Securities Corp NP) PP) NP) NP) . SINV)
(SINV (VP UNK-INITC-KNOWNLC-ed VP) (NP (NP James Maguire NP) , (NP (NP chairman NP) (PP of (NP specialists Henderson Brothers Inc. NP) PP) NP) NP) : `` (S (NP (NP It NP) NP) (VP is (ADJP easy ADJP) (S (VP to (VP say (SBAR (S (NP the specialist NP) (VP is n't (VP doing (NP his job NP) VP) VP) S) SBAR) VP) VP) S) VP) S) . SINV)
(S (SBAR (WHADVP When WHADVP) (S (NP the dollar NP) (VP is (PP in (NP a UNK-LC NP) PP) VP) S) SBAR) , (NP even central banks NP) (VP ca n't (VP stop (NP it NP) VP) VP) . S)
(S (NP UNK-INITC-KNOWNLC-s NP) (VP are (VP calling (PP for (NP (NP a degree NP) (PP of (NP liquidity NP) PP) (SBAR (WHNP that WHNP) (S (VP is not (ADVP there ADVP) (PP in (NP the market NP) PP) VP) S) SBAR) NP) PP) VP) VP) . '' S)
(S (NP (NP Many money managers NP) and (NP some traders NP) NP) (VP had (ADVP already ADVP) (VP left (NP their offices NP) (NP early Friday afternoon NP) (PP on (NP a warm autumn day NP) PP) -- (SBAR because (S (NP the stock market NP) (VP was (ADJP so quiet ADJP) VP) S) SBAR) VP) VP) . S)
(S Then (PP in (NP a lightning plunge NP) PP) , (NP the Dow Jones industrials NP) (PP in (NP (QP barely an QP) hour NP) PP) (VP surrendered (NP (NP (QP about a QP) third NP) (PP of (NP (NP their gains NP) (NP this year NP) NP) PP) NP) , (S (VP UNK-LC-ing (PRT up PRT) (NP (NP a (ADJP (ADJP 190.58-point ADJP) , or (ADJP 6.9 % ADJP) , ADJP) loss NP) (PP on (NP the day NP) PP) NP) (PP in (NP gargantuan trading volume NP) PP) VP) S) VP) . S)
(S (NP UNK-INITC trading NP) (VP accelerated (PP to (NP (NP (QP UNK-NUM million QP) shares NP) , (NP (NP a record NP) (PP for (NP the Big Board NP) PP) NP) NP) PP) VP) . S)
(S (PP At (NP (NP the end NP) (PP of (NP the day NP) PP) NP) PP) , (NP (QP UNK-NUM million QP) shares NP) (VP were (VP traded VP) VP) . S)
(S (NP The Dow Jones industrials NP) (VP closed (PP at (NP UNK-NUM NP) PP) VP) . S)
(S (NP (NP The Dow 's NP) decline NP) (VP was (ADJP second (PP in (NP point terms NP) PP) (PP (ADVP only ADVP) to (NP (NP the 508-point Black Monday crash NP) (SBAR (WHNP that WHNP) (S (VP occurred (NP Oct. 19 , 1987 NP) VP) S) SBAR) NP) PP) ADJP) VP) . S)
(S (PP In (NP percentage terms NP) PP) , (ADVP however ADVP) , (NP (NP the Dow 's NP) dive NP) (VP was (NP (NP (NP the UNK-LC NP) (ADVP ever ADVP) NP) and (NP (NP the sharpest NP) (SBAR since (S (NP the market NP) (VP fell (NP (NP UNK-NUM NP) , or (NP 8 % NP) NP) , (PP (NP a week NP) after (NP Black Monday NP) PP) VP) S) SBAR) NP) NP) VP) . S)
(S (NP The Dow NP) (VP fell (NP 22.6 % NP) (PP on (NP Black Monday NP) PP) VP) . S)
(S (NP (NP Shares NP) (PP of (NP (NP UAL NP) , (NP (NP the parent NP) (PP of (NP United Airlines NP) PP) NP) , NP) PP) NP) (VP were (ADJP extremely active ADJP) (NP all day NP) (NP Friday NP) , (S (VP reacting (PP to (NP (NP news and rumors NP) (PP about (NP (NP the proposed (ADJP (QP $ 6.79 billion QP) ADJP) buy-out NP) (PP of (NP the airline NP) PP) (PP by (NP an UNK-LC group NP) PP) NP) PP) NP) PP) VP) S) VP) . S)
(S (NP (NP Wall Street 's NP) (NX (NX takeover-stock speculators NX) , or `` (NX risk arbitragers NX) , '' NX) NP) (VP had (VP placed (NP (ADJP unusually large ADJP) bets (SBAR that (S (S (NP a takeover NP) (VP would (VP succeed VP) VP) S) and (S (NP UAL stock NP) (VP would (VP rise VP) VP) S) S) SBAR) NP) VP) VP) . S)
(S (SINV (PP At (NP UNK-NUM p.m. EDT NP) PP) , came (NP the UNK-LC-ing news NP) SINV) : (S (NP The Big Board NP) (VP was (VP halting (NP (NP trading NP) (PP in (NP UAL NP) PP) NP) , `` (PP pending (NP news NP) PP) VP) VP) S) . '' S)
(SINV (S (PP On (NP the exchange floor NP) PP) , `` (ADVP (ADVP as soon ADVP) (SBAR as (S (NP UAL NP) (VP stopped (S (VP trading VP) S) VP) S) SBAR) ADVP) , (NP we NP) (VP braced (PP for (NP a panic NP) PP) VP) S) , '' (VP said VP) (NP one top floor trader NP) . SINV)
(S (NP Several traders NP) (VP could (VP be (VP seen (S (VP shaking (NP their heads NP) VP) S) (SBAR (WHADVP when WHADVP) (S (NP the news NP) (VP flashed VP) S) SBAR) VP) VP) VP) . S)
(S (PP For (NP weeks NP) PP) , (NP the market NP) (VP had (VP been (ADJP nervous (PP about (NP takeovers NP) PP) ADJP) , (SBAR after (S (NP (NP Campeau Corp. 's NP) cash crunch NP) (VP spurred (NP (NP concern NP) (PP about (NP (NP the prospects NP) (PP for (NP future (ADJP highly leveraged ADJP) takeovers NP) PP) NP) PP) NP) VP) S) SBAR) VP) VP) . S)
(SINV And (PP (NP 10 minutes NP) after (NP the UAL trading halt NP) PP) (VP came VP) (NP news (SBAR that (S (NP the UAL group NP) (VP could n't (VP get (NP (NP financing NP) (PP for (NP its bid NP) PP) NP) VP) VP) S) SBAR) NP) . SINV)
(S (PP At (NP this point NP) PP) , (NP the Dow NP) (VP was (ADVP down (NP (QP about 35 QP) points NP) ADVP) VP) . S)
(S (NP The market NP) (VP crumbled VP) . S)
(S (S (NP Arbitragers NP) (VP could n't (VP dump (NP their UAL stock NP) VP) VP) S) -- but (S (NP they NP) (VP rid (NP themselves NP) (PP of (NP (NP (ADJP nearly every ADJP) `` rumor '' stock NP) (SBAR (S (NP they NP) (VP had VP) S) SBAR) NP) PP) VP) S) . S)
(S (PP For (NP example NP) PP) , (NP their selling NP) (VP caused (S (NP (NP trading UNK-LC-s NP) NP) (VP to (VP be (VP declared (PP in (NP (NP (NP USAir Group NP) , (SBAR (WHNP which WHNP) (S (VP closed (ADVP down (NP (QP 3 7\/8 QP) NP) (PP to (NP (QP 41 1\/2 QP) NP) PP) ADVP) VP) S) SBAR) NP) , (NP (NP Delta Air Lines NP) , (SBAR (WHNP which WHNP) (S (VP fell (NP (QP 7 3\/4 QP) NP) (PP to (NP (QP 69 1\/4 QP) NP) PP) VP) S) SBAR) NP) , and (NP (NP Philips Industries NP) , (SBAR (WHNP which WHNP) (S (VP sank (NP 3 NP) (PP to (NP (QP 21 1\/2 QP) NP) PP) VP) S) SBAR) NP) NP) PP) VP) VP) VP) S) VP) . S)
(S (NP These stocks NP) (ADVP eventually ADVP) (VP reopened VP) . S)
(S But (SBAR as (S (NP panic NP) (VP spread VP) S) SBAR) , (NP speculators NP) (VP began (S (VP to (VP sell (NP (NP blue-chip stocks NP) (PP such as (NP (NP Philip Morris NP) and (NP International Business Machines NP) NP) PP) NP) (S (VP to (VP offset (NP their losses NP) VP) VP) S) VP) VP) S) VP) . S)
(S (SBAR (WHADVP When WHADVP) (S (NP (NP trading NP) NP) (VP was (VP halted (PP in (NP Philip Morris NP) PP) VP) VP) S) SBAR) , (NP the stock NP) (VP was (VP trading (PP at (NP 41 NP) PP) , (ADVP down (NP (QP 3 3\/8 QP) NP) ADVP) , (SBAR while (S (NP IBM NP) (VP closed (ADVP (NP (QP 5 5\/8 QP) NP) lower ADVP) (PP at (NP 102 NP) PP) VP) S) SBAR) VP) VP) . S)
(S (NP Selling NP) (VP snowballed (PP because of (NP (NP waves NP) (PP of (NP (NP automatic `` stop-loss '' orders NP) , (SBAR (WHNP which WHNP) (S (VP are (VP triggered (PP by (NP computer NP) PP) (SBAR (WHADVP when WHADVP) (S (NP prices NP) (VP fall (PP to (NP certain levels NP) PP) VP) S) SBAR) VP) VP) S) SBAR) NP) PP) NP) PP) VP) . S)
(S (NP (NP Most NP) (PP of (NP the stock selling pressure NP) PP) NP) (VP came (PP from (NP (NP Wall Street professionals NP) , (PP including (NP computer-guided program traders NP) PP) NP) PP) VP) . S)
(S (NP Traders NP) (VP said (SBAR (S (NP (NP most NP) (PP of (NP their major institutional investors NP) PP) NP) , (PP on (NP the other hand NP) PP) , (VP sat (ADVP tight ADVP) VP) S) SBAR) VP) . S)
(S (ADVP Now ADVP) , (PP at (NP UNK-NUM NP) PP) , (NP (NP one NP) (PP of (NP (NP the market 's NP) post-crash `` reforms '' NP) PP) NP) (VP took (NP hold NP) (SBAR as (S (NP the S&P 500 futures contract NP) (VP had (VP plunged (NP (NP 12 points NP) , (ADJP equivalent (PP to (NP (NP (QP around a UNK-LC QP) drop NP) (PP in (NP the Dow industrials NP) PP) NP) PP) ADJP) NP) VP) VP) S) SBAR) VP) . S)
(S (PP Under (NP (NP an agreement NP) (VP signed (PP by (NP (NP the Big Board NP) and (NP the Chicago Mercantile Exchange NP) NP) PP) VP) NP) PP) , (NP trading NP) (VP was (ADVP temporarily ADVP) (VP halted (PP in (NP Chicago NP) PP) VP) VP) . S)
(S (PP After (NP (NP the trading halt NP) (PP in (NP (NP the S&P 500 pit NP) (PP in (NP Chicago NP) PP) NP) PP) NP) PP) , (S (NP (NP waves NP) (PP of (NP selling NP) PP) NP) (VP continued (S (VP to (VP hit (NP (NP stocks NP) (NP themselves NP) NP) (PP on (NP the Big Board NP) PP) VP) VP) S) VP) S) , and (S (NP specialists NP) (VP continued (S (VP to (VP notch (NP prices NP) (ADVP down ADVP) VP) VP) S) VP) S) . S)
(S (PP As (NP a result NP) PP) , (NP (NP the link NP) (PP between (NP the futures and stock markets NP) PP) NP) (VP ripped (ADVP apart ADVP) VP) . S)
(S (PP Without (NP (NP the UNK-LC NP) (PP of (NP (NP stock-index futures NP) -- (NP (NP the barometer NP) (PP of (SBAR (WHADVP where WHADVP) (S (NP traders NP) (VP think (SBAR (S (NP the overall stock market NP) (VP is (VP headed VP) VP) S) SBAR) VP) S) SBAR) PP) NP) -- NP) PP) NP) PP) (NP many traders NP) (VP were (ADJP afraid (S (VP to (VP trust (NP (NP stock prices NP) (VP quoted (PP on (NP the Big Board NP) PP) VP) NP) VP) VP) S) ADJP) VP) . S)
(S (NP The futures halt NP) (VP was (ADVP even ADVP) (VP assailed (PP by (NP Big Board floor traders NP) PP) VP) VP) . S)
(SINV `` (S (NP It NP) (VP UNK-LC-ed (NP things NP) (PRT up PRT) VP) S) , '' (VP said VP) (NP one major specialist NP) . SINV)
(S (NP This confusion NP) (VP (ADVP effectively ADVP) halted (NP (NP (NP one form NP) (PP of (NP program trading NP) PP) NP) , (NP stock index arbitrage NP) , (SBAR (WHNP that WHNP) (S (VP (VP (ADVP closely ADVP) links (NP the futures and stock markets NP) VP) , and (VP has (VP been (VP blamed (PP by (NP some NP) PP) (PP for (NP (NP the market 's NP) big swings NP) PP) VP) VP) VP) VP) S) SBAR) NP) VP) . S)
(S -LRB- (PP In (NP a stock-index arbitrage sell program NP) PP) , (NP traders NP) (VP (VP buy or sell (NP (NP big baskets NP) (PP of (NP stocks NP) PP) NP) VP) and (VP offset (NP (NP the trade NP) (PP in (NP futures NP) PP) NP) (S (VP to (VP lock (PRT in PRT) (NP a price difference NP) VP) VP) S) VP) VP) . -RRB- S)
(S `` (S (SBAR (WHADVP When WHADVP) (S (NP the airline information NP) (VP came (PRT through PRT) VP) S) SBAR) , (NP it NP) (VP cracked (NP (NP every model NP) (SBAR (S (NP we NP) (VP had VP) S) SBAR) (PP for (NP the marketplace NP) PP) NP) VP) S) , '' (VP said VP) (NP (NP a managing director NP) (PP at (NP (NP one NP) (PP of (NP the largest program-trading firms NP) PP) NP) PP) NP) . S)
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(S (NP UNK-CAPS-s NP) (ADVP also ADVP) (VP named (NP (NP Rex R. UNK-CAPS NP) , (NP 57 NP) , (NP (NP executive vice president NP) (PP at (NP UNK-CAPS NP) PP) NP) NP) , (PP as (NP a director NP) PP) , (S (VP filling (NP (NP the seat NP) (VP vacated (PP by (NP Mr. Field NP) PP) VP) NP) VP) S) VP) . S)
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(S (NP UNK-CAPS Products Inc. NP) (VP said (SBAR (S (NP (NP a U.S. District Court NP) (PP in (NP Boston NP) PP) NP) (VP ruled (SBAR that (S (NP (NP a challenge NP) (PP by (NP UNK-CAPS NP) PP) (PP to (NP (NP the validity NP) (PP of (NP (NP a U.S. patent NP) (VP held (PP by (NP UNK-CAPS Inc. NP) PP) VP) NP) PP) NP) PP) NP) (VP was `` (PP without (NP merit NP) PP) VP) S) SBAR) VP) S) SBAR) VP) . '' S)
(S (NP (NP UNK-INITC NP) , (VP based (PP in (NP (NP UNK-CAPS NP) , (NP Sweden NP) NP) PP) VP) , NP) (VP had (VP charged (PP in (NP (NP a lawsuit NP) (PP against (NP UNK-CAPS NP) PP) NP) PP) (SBAR that (S (NP (NP UNK-CAPS 's NP) UNK-CAPS product line NP) (VP infringes (PP on (NP the UNK-CAPS patent NP) PP) VP) S) SBAR) VP) VP) . S)
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(S (PP In (NP its lawsuit NP) PP) , (NP UNK-CAPS NP) (VP is (VP seeking (NP (NP unspecified damages NP) and (NP (NP a preliminary injunction NP) (SBAR (S (VP to (VP block (NP UNK-CAPS NP) (PP from (S (VP selling (NP the UNK-CAPS products NP) VP) S) PP) VP) VP) S) SBAR) NP) NP) VP) VP) . S)
(S (NP A UNK-CAPS spokesman NP) (VP said (SBAR (S (NP the products NP) (VP contribute (NP (NP (NP (QP about a QP) third NP) (PP of (NP (NP UNK-CAPS 's NP) sales NP) PP) NP) and (NP (NP (NP (QP 10 % to 20 % QP) NP) NP) (PP of (NP its earnings NP) PP) NP) NP) VP) S) SBAR) VP) . S)
(S (PP In (NP (NP the year NP) (VP ended (NP Aug. 31 , 1988 NP) VP) NP) PP) , (NP UNK-CAPS NP) (VP earned (NP (NP (QP $ 2.9 million QP) NP) , or (NP (NP 72 cents NP) (NP a share NP) NP) NP) , (PP on (NP (NP sales NP) (PP of (NP (QP $ 17.4 million QP) NP) PP) NP) PP) VP) . S)
(S (NP UNK-CAPS NP) (VP said (SBAR (S (NP (NP the court 's NP) ruling NP) (VP (VP was (VP issued (PP as (NP (NP part NP) (PP of (NP (NP a `` UNK-LC trial '' NP) (PP in (NP the UNK-LC proceedings NP) PP) NP) PP) NP) PP) VP) VP) and (VP concerns (NP (NP only one NP) (PP of (NP (NP its defenses NP) (PP in (NP the case NP) PP) NP) PP) NP) VP) VP) S) SBAR) VP) . S)
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(S (NP Newspaper publishers NP) (VP are (VP reporting (NP (NP mixed third-quarter results NP) , (VP (VP aided (PP by (NP favorable newsprint prices NP) PP) VP) and (VP hampered (PP by (NP (NP (ADJP flat or declining ADJP) advertising linage NP) , (PP (ADVP especially ADVP) in (NP the Northeast NP) PP) NP) PP) VP) VP) NP) VP) VP) . S)
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(S (NP (NP Ad linage NP) (PP at (NP the Journal NP) PP) NP) (VP fell (NP 6.1 % NP) (PP in (NP the third quarter NP) PP) VP) . S)
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(S (NP (NP The company 's NP) lean operation NP) (PRN , (S (NP analysts NP) (VP said VP) S) , PRN) (VP allowed (S (NP (NP UNK-LC-ing sales NP) (PP from (NP (NP its cholesterol drug NP) , (NP UNK-CAPS NP) , NP) PP) NP) (VP to (VP power (NP earnings growth NP) VP) VP) S) VP) . S)
(S (NP UNK-INITC sales NP) (VP are (VP expected (S (VP to (VP be (NP (QP about $ 300 million QP) NP) (NP this year NP) , (ADVP up (PP from (NP (QP $ 190 million QP) NP) (PP in (NP 1988 NP) PP) PP) ADVP) VP) VP) S) VP) VP) . S)
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(S (PP In (NP (NP Madison NP) , (NP N.J. NP) NP) PP) , (NP (NP a spokesman NP) (PP for (NP Schering-Plough NP) PP) NP) (VP said (SBAR (S (NP the company NP) (VP has (NP `` (NP no problems NP) '' (PP with (NP (NP the average estimate NP) (PP by (NP a analysts NP) PP) (SBAR that (S (NP (NP third-quarter earnings NP) (PP per (NP share NP) PP) NP) (VP rose (PP by (NP (QP about 19 QP) % NP) PP) , (PP to (NP $ 1 NP) PP) VP) S) SBAR) NP) PP) NP) VP) S) SBAR) VP) . S)
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(S (NP The company NP) (VP said (SBAR (S (NP (NP Mr. Wilson 's NP) resignation NP) (VP was n't (ADJP related (PP to (NP the sales shortfall NP) PP) ADJP) VP) S) SBAR) VP) . S)
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