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** Electricity Market Company ( now M-co ) established as a joint venture by New Zealand electricity industry players to act as a focal point for the design of a wholesale electricity market.
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** Flooding of Poulaphouca Reservoir begins by damming the River Liffey at Poulaphouca as part of the Electricity Supply Board project to build Ireland's second hydroelectricity generating station together with an improved water supply for Dublin.
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** The countries of El Salvador, Guatemala, Honduras, and Nicaragua announce the formation of the Central American Common Market.
** Argentina, Brazil, Uruguay and Paraguay sign the Treaty of Asunción, establishing South Common Market ( Mercosur its acronym in Spanish )
** New Market Historic District ( New Market, Alabama ), listed on the National Register of Historic Places ( NRHP ) in Alabama
** Market Church of St. Mary ( Marktkirche ), built in 1529 – 1554, using elements of two medieval churches, St. Gertrude's Church dating back to the 11th century and the older St. Mary's Church from the 12th Century.
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** Agreement for merger between the General Electric Company and English Electric, the largest industrial merger in the UK up to this date.
** Adolph Coors III, the chairman of the board of the Coors Brewing Company, is kidnapped, and his captors demand a ransom of $ 500, 000.
** The first production model PCC trolley car, built by St. Louis Car Company, is placed in service by Pittsburgh Railways.
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