1.   By midday, the dollar trimmed the gains amid concern that Japanese exporters will sell dollars for yen when the U.S. currency rises further, traders said.

2.   Cocoa consumers normally hold off purchases of sterling-priced cocoa when the pound is rising, traders and analysts said.

3.   Demand for Japanese automobiles and machinery overseas will also keep production from falling, said Rose.

4.   Stocks typically are sold when prices rise quickly, the elder Hodges said.

5.   The fund also tends to lose value when interest rates rise, as they have this year, Kresnicka said.

6.   The other possible source of inflation could arise if bank loans rise sharply, Greenspan said, while adding that he had not yet seen any sign of this.

7.   Others also rose to say they had been hit by legal expenses.

8.   The rain is absorbed into the cliff-face, freezes, then expands when temperatures rise again, weakening the chalk, officials said.