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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Sep 28, 1985
Page
3
Hurricane Gloria forces New York and American stock exchanges to close. Trading halted across regional venues as the NYSE and Amex canceled opening plans and delayed start due to safety concerns. A new schedule will shift daily start to 9 30 a m ET beginning Monday.
The Commerce Department showed the August deficit at 9.9 billion dollars, its lowest since December, boosted by a dollar decline and a drop in oil imports. Exports barely rose while imports fell, with oil and auto categories shaping the shift. Analysts disagreed on whether the improvement signals a turning point or temporary relief amid ongoing trade pressures.
The Reagan administration and congressional leaders applaud Canadian Prime Minister Mulroney’s offer to explore a bilateral free trade agreement. Yeutter will consult Ways and Means and Senate Finance as talks could begin in 1986, with support from Gibbons and Packwood but cautious expectation on Congress.
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