Newsday from New York, New York • 11

mnnumiiiiuimmKuiuuuuiiniininiHiiKnumcanisium ft By Anthony Scaduto, Doug Vaughan and Linda Stasi in Lorenzo Still Doing 1 The Continental When the mighty fall, they fall mighty quick. It aeema like only yes-i tenlay that Frank Lorenzo lost East-4 em Airlines (it waa in the spring) and then agreed to sell Continental to SAS. (That was last week, actually.) But it doesn't take long for perks to stop perkolating and yesterday (as in Thursday) the former Eastern and Continental Airlines chairman was patiently waiting on line to board the Nantucket-bound Continental Ex-presa plane like every other passenger. Guess what he was reading? The Gordon Getty Plays Hardball' article in Forbes. Youd think by now hed have turned to Chekhov for laughs.

Photo PH Photo Frank Lorenzo: Without his wings, the former airline chief Connie Chung: Intent on conceiving a child, she cancels now has to lira up for boardinglike other passengers. speaking to the AsiarvAmerican Journalists Association. perience won out. Esquires editor-in-chief, Lee Eisenberg, is launching the hew British edition of Esquire, scheduled to debut in March 1991. MrTVmnall will take the helm from Eisenberg Sept.

1. Silver Line-ing Yesterday we got a call from actor-activist Bon Silver before he went to the Actors Equity meeting. He wanted to tell us that he was more than a little upset that people have the presaion that he was pro-Equity in their vote against Mias Saigon' ao-tor Jonathan Pryce. He Baid the mis-impression came from his edited CNN interview. He told us, I was very much against what Equity did last week and am still very much against it and I think their decision will be rescinded todiy which it later was.

I thought it was a very ill-advised stance that they took. And it was prob-u ably some attempt by me at equa-' niimty because of being badgered by CNN to give some sort of statement. I tried to represent the other side and thats what they Maury Povich can concentrate on conceiving a child, may be taking it a step ftirther: Shes canceled her appearance as guest speaker next Friday at the Asian-American Journalists Association banquet. Says Jeannie Park of People magazine, whos co-chair of the groups national convention, The official line is an unfortunate medical problem. But many members of the group have interpreted that to mean that Chung will be ovulating that day and thats why die canceled.

Park said, She never said that about ovulating to me. She haa said the timing is very unfortunate. She also said Chung feels very bad about it and has been working diligently with us to find a replacement speaker. The banquet comes on the second day of a three-day convention of the journalists group at the Waldorf Aatoria. And, Park tells us, Chung has gotten Mary Alice Williams to fill in for her.

a memorable performance by one of them OF PARAMOUNT IMPORTANCE: On Wednesday, Ian Schragers Paramount Hotel officially opened on W. 46th St. and it looks great. Its the first venture without hia late partner Steve RubelL I feel naked here without Steve, said the otherwise euphoric Schrager. We were friends for twenty-five years.

He was just this guy who always was able to tap into the mass public taste." Schrager does have a new partner Michael Overington who started as a bus boy at Studio 54 and worked hia way way up. Ians the only guy I ever winked for, said the 35-yearold Overington. Well, it eointenly paid off BUSH LEAGUE TIPPER: Despite the fact that the Middle East is in a bit of a turmoil and the guy has a lot on his mind, our Prez George Bush wants it known that hes not a cheap skate. Last week he took wife, Barbara, and daughter, Doro LeBlond, and another couple for hot fudge sundaes at the White Bam in Kennebunkport and incorrectly added the Amex voucher. He called the waitress soon aa he got home to apologize and sty, I didnt leave a large enough tip." He instructed the restaurant to correct it.

Geeze, we hope this adding thing is restricted to tips. Blue On Blues At America! answer to the Crazy Horae Saloon (or at least 44th Streets), The Blue Angel, Wednesday night, Morton Downey took in the brand new glitzoid revue (Skin Tight) with his fiancee, Laurie Krebba, a former belly dancer. What a hoot! Our own fashion divo, Frank DeCaro, loved, loved, loved the costumes, Thieny Mugler for Mart, he said. Also joining the show, (a cheesefest, DeCaro calls it), was Paper columnist George Wayne, who was detained at the door because he was wearing shorts. Hia pal, celeb photog Patrick McMullan managed to dip hia pants off under the table, hand them to the oldest living dub kid, DJ Anita Sarko, who then passed them to Wayne.

Since the show was frill of scantily dad men and. women anyway, no one noticed. Smart Decision Despite the fact that everybody in town knew it was a matter of seconds before Adam Moss (former editor of 7 Days) was named editor of Esquire, he wasnt, and Terry McDonnel president and editor of Smart was. Hearst Magazines president D. Claeys Bahrenburg said, The job did come down between Adam and Terry.

The tie-breaker for the decision I made was the twenty years of experience that Terry has. Adam is a great young talent but Terrys longterm vision of the magazine and ez- Fast Facts PRIME POGUE: The Pogues, England's reigning ambassadors of raucous punk-folk, are currently recording their next Idand album, tentatively titled Hells Ditch which is due out by years end. The Pogues last appeared in New York back in March on Saturday Night Live with how-low-can-yuu-go Rob Lowe, with Connie Cancels Connie Chung, who recently announced shes cutting back on her work schedule eo that she and hubby Edited by Linda Stasi I Edited by A1 Cohn Elvis Is Alive In Hearts and Minds of Fans at Graceland FRIDAY, AUGUST 17, 19B0 souvenir fain the graveside vigil, which began Wednesday night, draws the largest crowd. What makes this special is Elvis is here," said Bettie Dodd, 51, a member of the Elvis Country Fan Club of Austin, Texas, which organizes the annual candlelight procession past the grave. Everything else is commercialized, but this is paying a tribute to Elvis.

Presley died at age 42 on Aug: 16, 1977, at the mansion. Graceland draws more than 600,000 viuton a year, but this week is epe-daL I flew down the night of hia death, mid Ive come back every year since then, said Bill Rowe, 40, of Dayton, Ohio. Thera waa just something about the guy that said to me, Im your fHencL If endless recognition is a condition for immortality, then Elvis Presley does live, after all not incognito, aa some have maintained, but in the hearts and minHs of hia fans. On the 13th anniversary of the singers death, an estimated 8,000 fans from around the world placed long-stemmed red roses and small tedder bears on Ptealcy's grave yestenfay in a garden next to his Graceland mansion in Memphis. Hia music isn't dead, and theres a whole new generation thats going through it all again, Grace Caputo, 29, told The Associated Press.

She came from Adelaide, Australia, with 16 other Elvis fans. Of all the events connected with the anniversary including concerts, dances and 5 UFIFtMtO Cees Devries, from the Netherlands, attends Elvis vigil..