Late Week Rally Sets Stock Record On Heavy Volume
The New York stock market rose on record volume with the Dow up 16.03 to 1928.85 as Friday total NYSE trades topped 244.68 million shares. Merck General Electric Amoco Exxon and RJR Nabisco led gains while IBM and AT&T lagged. Nationwide NYSE turnover reached 278.79 million shares.
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Pragmatists Rise in Vietnam as Linh Becomes Party Chief
Nguyen Van Linh, age 71, named party chief at Vietnam's sixth party congress. He has begun decentralizing industrial decisions and granting local units more control while the economy faces inflation shortages and distribution problems amid tensions with China over Cambodia. Top former leaders Truong Chinh Pham Van Dong and Le Duc Tho retire due to age and health.
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Europe Fails To Budge In Tariffs Dispute
Washington AP reports time is running out to avert a U S European Community clash over agricultural trade. Agriculture Secretary Lyng says talks in Brussels made no progress as Spain joined the EC. Retaliation options include targeted tariffs on items like cheese and brandy if no compensation is arranged.
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United States
Richard Lyng
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Lyng
U.S
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Reagan
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