November 4, 1987

LEAD: The Markets

LEAD: The dollar rallied on world currency markets yesterday after traders pushed it to new lows against the West German mark and the Japanese yen.

LEAD: Olympia & York Developments Ltd., the Canadian real estate and investment concern, said today that it might be willing to pay $63 a share in cash, or more, for the Santa Fe Southern Pacific Corporation, heating up a takeover battle that could be the largest ever outside of the oil industry.

LEAD: Guy Polhemus had an idea of how to help the poor that was almost too good. It is helping them, but for a period it nearly left him bankrupt.

LEAD: More than 2 million conventioneers pass through the Jacob K. Javits Convention Center each year (85 percent of them from out of town), and they need the doggedness of an archeologist to uncover interesting dining spots amid the industrial tundra surrounding the center. The year-and-a-half-old structure at 11th Avenue and 34th Street is hardly at the epicenter of

LEAD: Calvin Klein has inherited the position Yves Saint Laurent occupied some 20 years ago when he made pants suits fashionable and transported lowly styles like the pea jacket to the upper echelons of chic.

LEAD: Switzerland turned over thousands of pages of secret bank documents today to the special prosecutor in the Iran-contra affair, removing a final obstacle to the anticipated indictment of Lieut. Col. Oliver L. North and others. According to investigators, the documents, which have been the subject of nearly a year of litigation here and in Switzerland, detail an elaborate scheme to funnel money to Nicaraguan rebel groups out of the profits from American weapons sales to

LEAD: Shakespeare, All of It Plans for a six-year, $33 million series of all 36 of Shakespeare's plays were announced by Joseph Papp, the producer of the New York Shakespeare Festival. Page C21. Ginsburg on the Defensive Judge Douglas H. Ginsburg's nomination to the High Court appeared to be on the defensive over conflict-of-interest questions.

LEAD: Brazil and its creditors appeared close to agreement last night on a plan for the country to resume interest payments on its $100 billion foreign debt nearly nine months after the Government suspended them.

LEAD: Violence flared again today in Haiti hours after a dozen associates of Francois and Jean-Claude Duvalier, the former dictators, were rejected as presidential candidates.

LEAD: Democrats scored major victories across New York State yesterday, ousting Republican county executives in Suffolk, Erie and Monroe Counties and the longtime Republican Mayor of Yonkers.

LEAD: There were booths with bottles, glasses, ice buckets and corkscrews in all directions.