The Sentinel from Carlisle, Pennsylvania • 13

Friday Business The Sentinel Page B5 October 10, 1997 nvestoirs may want to -explore abroad Call Russia's wild stock market Scudder, Stevens Clark global equity group. Companies worldwide want to boost share prices so they can tap the capital market-American-style-and raise money more cheaply. As a result, it's a good time for investors to go exploring. "While we're all comfortable in the U.S. market because it's our home, there's a bias that causes us to overlook other markets with opportunities," observed Douglas Johnson, senior international investment strategist with Merrill Lynch.

"Japan is the world's cheapest market now and only major market in the process of finding a bottom," said Ron Chapman, head of international equities 1 for Dreyfus Corp. "Once it does, it will be ready to begin a new bull market." Here's the expert low-down on some important world markets: Brazil, with $275 billion market capitalization in U.S. dollars, is up more than 40 percent this year. Latin America's strongest nation in natural resources is aggressively deregulating and liberalizing. Down from its peak, the market is robust.

Corporate management gained savvy from handling a risky economy and government. Securities held by the most investors are Telebras and Electrobras. Germany, with $700 billion, is up nearly 20 percent. This cyclical market is dominated by cyclical companies, such as chemicals and down about 6 percent. Companies issue earnings reports twice-a-year.

Multiples are high and one corporation often owns a chunk of another. A cyclical recovery is anticipated, though the market may remain in a trading range awhile. Top securities are NTT Corp. and Toyota Motor Corp. Malaysia, with $162 billion, is down more than 45 percent.

This big Asian market, which helps set the tone for its region's markets, is in turmoil. It grossly overbuilt commercial real estate. It has a currency crisis, though there's potential benefit to exports. Invest at your risk. Top securities are Tenega Nasional and Telekom Malaysia.

capital goods. It prospers when the mark is weak, thanks to exports. Individual German investors lately have become interested in investing in their own market. Good earnings, high valuations and conservative accounting. Top securities are Allianz and Deutsche TeleKom.

Hong Kong, with $423 billion, is about even. One of the most volatile markets, featuring 30 percent annual returns this decade, it's accessible and a mechanism for accessing greater China. There's little evidence the hand over to the Chinese is hindering the ability to make money. Top securities are Hutchison Whampoa and Sun Hung Kai Properties. Japan, with $2.9 trillion, is "cowboy capitalism" in Moscow if you like.

It's riding a gain of about 160 percent this year. It took forever for exotic Brazil to finally get down-to-earth with a sensible economy. An increase of more than 40 percent in its Bovespa stock market is providing added incentive. For decades, the German stock market in Frankfurt stoically rode the economic cycles. Now a multitude of average investors there want to go along for the ride, hitching to a gain of nearly 20 percent.

No two world stock markets are exactly alike and there's often considerable volatility. But they're increasingly trying to get their act together, attracting U.S. investors in Undrew Lcchcy i Tribune Media Services the process. "Germany and, to a lesser degree, Japan are paying closer attention to providing return to shareholders and focusing on return on equity," pointed out Nicholas Bratt, director of the Business briefs Ergonomics topic of meeting The International Facilities Management Association Central Pennsylvania will meet on Oct. 15 at noon at the AMP Incorporated Executive Leadership Center, 411 S.

40th Street, Harrisburg. The meeting will feature Betty Russell, from Herman Miller. Ms Russell will lead an interactive discussion testing knowledge of workplace ergonomics. She consults with large corporate accounts helping them design and advocate health productive work environments. RSVP with Priscilla St.

Jacques-Glusko at 545-2119 by noon Monday. Lunch will be served from noon to 12:30 p.m. with the presentation following lunch. Chapter meeting charge is $10 for members and $15 associate for non-members which includes lunch. RSVP confirms lunch.

School sets job fair time A Part-Time Job Fair will be held 'y PECO announces electric workshop PECO Energy Horizon Group is offering an Electric Choice Workshop Oct. 17 at the Tuesday Club, 30 N. Third Harrisburg from noon-2 p.m. Besides addressing the topic of choosing an eletric utility, consumers can get answers to their questions. Engineers pick meeting date The Harrisburg Chapter of the Pennsylvania Society of Professional Engineers will meet Oct.

20 at Hardings Restaurant, Old Gettysburg Road, Camp Hill. Dinner will be served at 6:30 p.m. and the program at 7:45 p.m. Marc Moonin, associate vice president of Fahnestock will speak on "Outlook for the Economy." Reservations are required and may be made with Tim Ormiston at 486-3366, ext. 225.

Deadline is noon, Oct. 17. Cost is $15 per person. Wednesday from 10 a.m. until 1 p.m.

in Central Pennsylvania Business School's multipurpose room. Thirty-three area employers will attend. For more information, contact the Central Penn Career Services office at 728-2262 or 1-800-759-2727. Speakers set for roundtable A panel of three experts from the education, public and private sectors will address and hold a roundtable discussion in Penn State Harris-burg's Olmsted Auditorium at 6 p.m. Oct.

23. The roundtable will feature Dr. N. Northrup Buechner, associate professor of economics at St. John's University; Dr.

Clifford I. Jones, former Pennsylvania secretary of Commerce, Labor and Industry and Environmental Resources, and W. Kirk Liddell, president and CEO of Irex, in Lancaster. For registration, contact the PSH School of Business Administration at 948-6140. ti iff, i 1 jf- 'Nethead Red' John Guillemin of Somerville, laughs along "Nethead Red," a cyberspace personality installed in the world's first smart kiosk at Cybersmith's store in Cambridge, Mass, Developed in conjunction with Digital Equipment Corporation's Cambridge Research Laboratory, Nethead Red greets Cybersmith visitors and responds to information CLASSIFIEDS results are guaranteed if ad is a non-commercial ad, runs 4 times or more and you receive no phone calls.

THE SENTINEL 243-2611 or 697-4611 III a glance Vie Polo Lounge or Executive Room at the Quality Inn wants to liost your next business fimction. Holds up to 50 people Bring your own food or use our catering services Sentinel Forty Room rental only $75.00 Company High Low Close Reserve your compatry Christinas party now! 17013 Hunter's wives club band While he's off hunting, make yourself feel just fine a new band of diamonds. Join the club. Carlisle Hospital and Health Services offers Community 1997 FLU SHOT SCHEDULE Copyright 1997 Ahold 27 12 Allied Irish Bank 52 916..52 52 Amp 53 151652 58 53 34 Applied Indl Tech 32 34 ....32 71 6. ..32 12 ArkansasBest 12 12516 Arnold Industries 25 38 ....24 34 25 Bon Ton 14 12...12 38 14 12 Calibar Systems Inc.

58 316..57 18 57 716 Carlisle Corp. 45 34 ....44 58 45 18 Commerce Bank 32 32 32 Consolidated Freight 45 151644 12 44 78 Core Slate 73 71 38 72 716 Elect Data Syst 37 34....37 11 6. ..37 12 General Mills 69 151669 69 58 GPU 36 111636 14 36 58 Harris 52 51 Harsco 45 44 12 ....45 HersheyFoods 55 131654 1316.55 516 IBM 105 1316104 316 104 1116 J.L.G.Ind 12 11161212 1258 KMart 14 18....13 12 14 Keystone Financial 37 34 ....36 34 36 34 Lear 48 91 6. .48 48 316 Mellon Bank 57 51 6. .54 1316.54 1516 Oak Industries 26 111626 26316 Penn National 19 18 58 18 34 PNC 52 PPG 64 12....63 316.

..64 316 21 131621 12 21 1116 Quaker Oats 48 78 ....48 11 6. ..48 38 Rite Aid 57 18....56 I4 56 1516 Roadway Express 28 18. ...27 14 27 78 Sprint 52 111651 58 51 1516 T.B.Woods 19 18 78 19 UGI 27 1 51 627 38 27 34 UniMart 5 14 5 14 514 WalMart 35 78. ...35 14 35 716 Weis 36 1516.36 York Federal 26 25 34 ....26 Woolworth 21 1516.21 18 NEW YORK (AP) Sales at the nation's biggest retailers took a slide last month, hurt by unseasonably warm weather and the funeral of Princess Diana, which kept many consumers out of the stores and glued to their televisions. Retailers who reported their monthly sales figures Thursday said higher-than-normal temperatures in September stifled demand for new fall merchandise.

Hardest hit were apparel merchants as consumers delayed purchases of wool sweaters and winter coats. WASHINGTON (AP) The number of new claims for jobless benefits remained below 310,000 last week for a fourth straight week, the longest such string in nearly nine years. The report fueled inflation fears. The Labor Department report Thursday came a day after Federal Reserve Chairman Alan Greenspan warned that higher interest rates may be needed to slow the economy and keep tight labor markets from pushing up prices. WASHINGTON (AP) In an alliance forged under pressure, major gun manufacturers stood with President Clinton and announced they would provide childproof trigger locks with all their handguns.

Each year, about 1,500 children are rushed to hospital emergency rooms with accidental gun injuries. Nearly 200 children died from those wounds in 1994 alone. The promise by gunmakers was made Thursday in a Rose Garden ceremony. It is expected to affect eight of 10 handguns made in America. NEW YORK (AP) Smith Barney reached a tentative deal to settle a sex-harassment lawsuit probably best known for its allegations of a "boom room" in a branch office's basement where male workers engaged in lewd fraternity house antics.

The disclosure was made in federal court Thursday by lawyers for the brokerage firm and the 26 former and current female workers, who claimed they were subjected to obscene behavior by brokers and managers for years. The suit also alleged the firm discriminated against women in hiring, promotion and pay. GREENBELT, Md. (AP) Three young black men who accused the Eddie Bauer chain of racism for detaining them on suspicion of shoplifting and forcing one of them lo take off his shirt were awarded $1 million. A federal jury of four whites and three blacks found Thursday the young men were falsely imprisoned and defamed by store officials and that the outdoor-clothing company negligently supervised its security guards.

However, the jury did not find that the civil rights of 18-year-old Alonzo Jackson, who was forced to remove 1 his shirt, were violated. PITTSBURGH (AP) CoreStates Financial Corp. rejected a takeover bid by Mellon Bank and Mel- Ion agreed to withdraw the offer. The combined banks would have had nearly 30 percent of the market in Pennsylvania and would have ranked as the 1 1th biggest bank in the country. Both are large regional banks considered possible takeover targets and on Thursday stressed their inten-' tions to remain independent FRANKFURT, Germany (AP) Germany's central bank raised interest rates for the first time in more than five years, calling it a precautionary move against infla- Carlisle Area No.

1299 ha Fraternal Order Eagles $8 each; FREE to Medicare Part subscribers. (Bring your card.) Saturday, October 11th, from 10 a.m. to 4 p.m., Arts FcstivalOctubafcst (1st block of West High Street.) Tuesday, October Nth, from 10 a.m. to 1 p.m., Shippcnsburg Firefighters' Activities Center, 33 West Orange Street, Shippcnsburg. Saturday, October 18th, from 9 a.m.

to Noon, Carlisle Hospital Board Room. Sunday, October 19th, from Noon to 4p.m, Perry Health Center, Route 850 Loysville. Tuesday, October 21st, from 3 p.m. to 5 p.m., Hollabaugh Brothers Fruit Market, 1 mile North of Biglcrvillc on Route 34. Thursday, October 23rd, from 10 a.m.

to 1 p.m., and 4 p.m. lo 7 p.m. Carlisle Plaza Mall, Center Court Area. Thursday, October 30th, from 4 p.m. to 6 p.m., Applcwood Women's LifcCcntcr, 1200 Walnut Bottom Road, Carlisle.

Special precautions prior to receiving this vaccine: Pregnant women and individuals allergic to chicken eggs should consult their physician. Consult your personal physician immediately if you have a reaction. Resenations or appointments are not required. Shots are available to ages 18 and older. Spectrum Saturday, Oct.

11th, 1997 8 p.m. midnight Quotes courtesy of Gihb Financial Services, Inc. Quotations as of 4 p.m. EST on the preceding business day. Dinner Served Friday: 4:00 p.m.

8 p.m. Saturday: 5 p.m. 9 p.m. lion. Central banks in France, the Netherlands and Denmark followed suit.

The German Bundesbank announced Thursday it was increasing its securities repurchase or rcpo rates through Oct. 22 to 3.3 percent from 3 percent, to preempt higher inflation and curb growth in the money Band Next Week: Thunderhawks Carlisle Hospital and Health Services. (AP) Stocks finished mostly lower Thursday as a sudden wave of inflation jitters escalated. The Dow Jones industrial average fell about 34 points to 8,061 after recovering from an early 92 -point drop. The dollar tumbled to a 3 12-month intraday low against the mark, but was barely changed vs.

the yen. Gold surged. Bond prices were higher. Super Bingo' Oct. 19th 24ft Parker Strwt.

Carlisle, PA (717) 249-1212 Wrfe Sin Imp www chh off E-Mail Adcfcm: cYpdrchnaor A mnrr Thf Alliance fWatth 1.