LEAD: Silvia Luz Arana de Gills, a 29-year-old Argentine whose husband and two children are American citizens, will arrive in New York in six weeks.

Shift in Alien Law Ends a Trying Journey

LEAD: COMPANIES  Federal regulators will provide $1 billion in cash to First Republicbank's subsidiary banks in an effort to stop a huge outflow of deposits and a widespread loss of confidence in Texas's largest banking company. The F.D.I.C. said it would guarantee all deposits, of any amount, in the company's 73 banking subsidiaries.

BUSINESS DIGEST: FRIDAY, MARCH 18, 1988

LEAD: Real estate brokers here tell stories about Genshiro Kawamoto, a 55-year-old Tokyo billionaire who in recent months has cruised Honolulu's better residential neighborhoods in a black limousine. Every so often he pointed to a house he wanted to buy.

Japanese Riding Hawaii's Real Estate Boom

LEAD: The chairman of the Securities and Exchange Commission warned today that talks between the exchanges and regulators have yet to produce sufficient agreement on new measures -including coordinated trading halts, price limits and other ''circuit breakers'' - to prevent another collapse of the stock market.

Ruder Sees Disagreement on Market Curbs

LEAD: President Reagan's decision to dispatch more than 3,000 troops to Honduras has generated angry debate throughout the capital.

3,000 G.I.'s, and Questions; Is Move Good Policy Or an Overreaction?

LEAD: At 10 public schools in New York City, many educational decisions - including setting entrance requirements, shaping the curriculum and choosing the principal -are worked out with a branch of the City University.

New Role for CUNY: Big Brother to Public Schools

LEAD: A force of more than 3,000 United States combat troops began arriving at a Honduran air base today as a show of support for the Honduran Government.

U.S. TROOPS ARRIVE AT HONDURAS BASE TO SHOW SUPPORT

LEAD: Six blacks won a one-month stay of execution in a South African court today, 15 hours before they were to be hanged.

South Africa Delays Hanging of 6 Blacks In Killing of Official

LEAD: THERE'S a great moment in the middle of ''Paid in Full,'' a slinky rap piece by Eric B. and Rakim, remixed and tarted up for dance clubs: Out of left field comes a woman's wailing voice, obviously Middle Eastern in its gentle, hilly melismas. But her voice fits in perfectly, suggesting different cultures colliding and yet having fun.

Raucous Pop Songs To an International Beat

LEAD: Two Suffolk County officials said today that United States Attorney Rudolph W. Giuliani has for the last four months been investigating criminal allegations that the Long Island Lighting Company has repeatedly lied to regulatory commissions and filed false documents with the panels.

Lilco Inquiry By Giuliani Is Reported

LEAD: The jury in the murder trial of Robert E. Chambers Jr. began deliberating yesterday after 11 weeks of testimony, 8 hours of closing arguments by the lawyers and 90 minutes of final legal instructions by the judge.

Deliberations Begin in Trial Of Chambers

LEAD: The nation's deficit in foreign trade widened slightly in January, to $12.4 billion, a $200 million increase over December's total. But the deficit showed significant improvement with major trading partners like Japan and the countries of Western Europe, the Commerce Department reported today.

Trade Deficit a Bit Bigger Over All But Improves by 18% With Japan

LEAD: Stock prices moved higher yesterday, and the Dow Jones industrial average jumped 21.72 points to close at 2,086.04, its highest level since the market crash on Oct. 19.

Dow Up 21.72, to 2,086, Highest Since Crash

LEAD: Federal bank regulators announced today that they would inject $1 billion in cash into the subsidiary banks of the First Republicbank Corporation of Dallas in an effort to stop a huge outflow of deposits and a widespread loss of confidence in the largest banking company in Texas.

LARGE TEXAS BANK TO GET $1 BILLION IN FEDERAL RESCUE

LEAD: SPRING begins officially next week. This, then, might well be the last weekend suitable for holing up in theaters. And it is possible to do that in dance theaters alone, since the weekend boasts programs by an extraordinary number of major choreographers and interesting newer ones, as well as a range of dancing that incorporates almost every aspect of the art.

Buoyant Dancers Conquer New York Stages

LEAD: The band from Middletown, Del., arrived here Wednesday night at 7:30, so the band room at Middletown (N.J.) South High was twice as crammed as usual. ''You think this is bad,'' said David Harris, a band leader. ''Wait for the two other Middletowns tomorrow.''

Our Towns; With a 'Ten-Hut,' 4 Middletowns March as One

LEAD: ROBERT MOSKOWITZ works and reworks a narrow repertory of images, inventing through mysterious scenes of icebergs, howling dogs, crosses and skyscrapers a world in which distinctions blur between past and present, solid and ephemeral. There is a hypnotic quality to these large-scale paintings and pastels, and they call forth elusive, subconscious emotions.

Review/Art; The Hypnotic Canvases Of Robert Moskowitz

LEAD: After a two-month battle to preserve its independence, American Standard Inc. yesterday accepted a takeover offer of $78 a share, or slightly more than $2.5 billion in cash, from the small Manhattan investment house Kelso & Company.

Standard Endorses Kelso Bid

WEEKENDER GUIDE

LEAD: Every airport has security checks for departing passengers. The one here even forces arriving visitors to walk through metal detectors after they leave the plane.

Seoul Olympic Rings Include Some Made of Barbed Wire

LEAD: Evidence of New Jersey's growing garbage problems is all too obvious here.

Hauling Costs Soaring, Jerseyans Turn to Dumping Trash Illegally

LEAD: In a stunning move intended to shut out the unsolicited intentions of Pirelli S.p.A., the Firestone Tire and Rubber Company agreed last night to be acquired by the Bridgestone Corporation of Japan for $80 a share, or $2.6 billion.

Bridgestone In Deal for Firestone

LEAD: Seeking to fend off a possible takeover, the Pillsbury Company announced several restructuring moves late today, including plans to sell its Godfather's Pizza chain.

Pillsbury's Pizza Unit To Be Sold

INSIDE

LEAD: The British Government cut interest rates today to halt the surge in the value of the pound, yielding to warnings from British companies and some Government officials that the currency's continuing advance was threatening to dent the nation's exports.

British Cut Interest Rates To Halt Advance by Pound

Charles William Butterfield was an American jazz bandleader, trumpeter, flugelhornist, and cornetist.

March 18, 1988

Headlines from March 18, 1988

Shift in Alien Law Ends a Trying Journey

BUSINESS DIGEST: FRIDAY, MARCH 18, 1988

Japanese Riding Hawaii's Real Estate Boom

Ruder Sees Disagreement on Market Curbs

3,000 G.I.'s, and Questions; Is Move Good Policy Or an Overreaction?

Billboard 200

Dirty Dancing

Faith

Kick

Bad

Tiffany

Notable Deaths

Historical Context for March 18, 1988