COFFEE, SUGAR AND COCOA EXCHANGE NAMES CHAIRMAN

  The New York Coffee, Sugar and Cocoa
  Exchange (CSCE) elected former first vice chairman Gerald
  Clancy to a two-year term as chairman of the board of managers,
  replacing previous chairman Howard Katz.
      Katz, chairman since 1985, will remain a board member.
      Clancy currently serves on the Exchange board of managers
  as chairman of its appeals, executive, pension and political
  action committees.
      The CSCE also elected Charles Nastro, executive vice
  president of Shearson Lehman Bros, as first vice chairman.
  Anthony Maccia, vice president of Woodhouse, Drake and Carey,
  was named second vice chairman, and Clifford Evans, president
  of Demico Futures, was elected treasurer.
  

