LEAD: There is a famous story they tell here at cancer camp about a little girl named Arlene Pabon, who goes running across the lawn to the edge of the swimming pool, rips off her hat, bends over, disconnects her prosthesis, dives in the pool, and everyone yells, ''Arlene, you know you're not supposed to run across the lawn!

Our Towns; Young Victims Of Cancer Find Joy of Summer

LEAD: The Goodyear Tire and Rubber Company said yesterday that it had agreed to sell the Celeron Corporation, its oil and gas subsidiary, to the Exxon Corporation for $650 million.

Exxon Will Buy Celeron

LEAD: Group 41 of the Federal Drug Enforcement Administration has been assigned to break up the Chinese Drug rings that transport heroin along ''the China White Trail,'' from the mountains of Thailand to the secret criminal societies of Hong Kong to the quiet Chinese neighborhoods in Queens.

Chasing the Heroin From Plush Hotel to Mean Streets

LEAD: The peace plan signed by five Central American leaders has put the Reagan Administration's plans to win new aid for the Nicaraguan rebels ''on the back burner,'' a White House official said today.

LATIN PEACE PLAN IS SAID TO SET BACK HELP FOR CONTRAS

LEAD: The bull market on Wall Street accelerated again yesterday, with the Dow Jones industrial average and broader market indexes surging to record highs.

Dow Rises By 43.84, To 2,635.84

LEAD: A United States Navy fighter plane fired two missiles at an Iranian plane above the Persian Gulf over the weekend, but the Iranian aircraft was not hit, Reagan Administration officials said tonight.

TWO MISSILES MISS

LEAD: SCIENTISTS are filling in the last major blanks in a map of chemical signposts to the entire human system of genes, an accomplishment that should have revolutionary effects on understanding the heredity of disease.

POTENT TOOL FASHIONED TO PROBE INHERITED ILLS

LEAD: THE Soviet Union has launched a huge radar satellite for ''remote sensing'' of the earth's surface that is far larger and more ambitious than any lofted by the West. The launching has stirred debate among American scientists and Congressional leaders over whether the United States, which plans to loft a similar system a decade from now, is losing its edge in the development of new technologies for use in space.

SOVIET ORBITS GIANT RADAR FOR STUDY OF RESOURCES

LEAD: With two juries and a welter of conflicting evidence, the capital murder trial here of Hau Cheong Chan and Sang Nam Chinh would be complicated enough even if Mr. Chinh could understand English. But all through the long trial, a translator has relayed the proceedings to the 21-year-old Chinese man by whispering into his right ear in Cantonese.

Need for Translators Is a Costly Burden For Judicial System

LEAD: After a six-year struggle to save Hyatt Clark Industries, an effort that was one of the most important experiments in employee ownership in the nation, the company is dying a slow, painful death. And the costs of the funeral are rising.

Test of Worker-Owners Is Ending on Sour Notes

LEAD: Twice in the last week, Nathan Quinones, New York City's Schools Chancellor, has acted with uncharacteristic forcefulness, dismissing the head of the high school division and closing a junior high school in the Bronx after a year of probation for underachievement.

After Tough Steps, Quinones Is on the Spot

INSIDE

LEAD: ASEA A.B. of Sweden and BBC Brown Boveri of Switzerland announced a merger today that analysts said was the most signficant development in the electrical equipment industry in years.

Giant European Merger To Create Rival to G.E.

LEAD: Jail administrators and inmates say tensions are mounting among the most dangerous group of prisoners on Rikers Island -those who have been sentenced to state prisons but who have not been sent there because state authorities say their own prisons are overcrowded.

Tension Grows On Rikers I., Inmates Warn

LEAD: Leaflets, fistfights and an airplane trailing a banner have stolen attention from athletes at the 10th Pan American Games and angered Cubans who are more interested in medals than meddlers.

Action and Distractions for Cubans at Games

LEAD: Iraq broke a 25-day lull in the Persian Gulf war with air strikes on Iranian oil installations today, increasing the possibility of Iranian retaliation against shipping in the region.

NEW RAIDS BY IRAQ

LEAD: ABOARD THE TWIN DRILL OFF BERMUDA - Inside the small submarine, the thick steel wall against the outside felt cool and moist. The oxygen blower hummed reassuringly. The tracking pinger's signals to the surface, heard inside as a steady throbbing, brought to mind the thumping heartbeat of a great whale.

UNDERSEA QUEST FOR GIANT SQUIDS AND RARE SHARKS

LEAD: While the United States stock market has been breaking record after record, markets overseas have attracted American investors seeking even better gains.

The Lure of Investing Abroad

LEAD: President Reagan today named C. William Verity Jr., retired chairman of the steelmaker Armco Inc. and a strong advocate of expanded trade with the Soviet Union, as his choice to head the Commerce Department.

Ex-Armco Chief Is Chosen to Fill Commerce Post

LEAD: The Joint Economic Committee of Congress reaffirmed today that economics is far from a nonpartisan science.

A Partisan Economic Appraisal

LEAD: After nearly 10 years of marketing its Choice credit card, Citicorp said yesterday it would convert it to Visa.

Citicorp to Convert Choice Card to Visa

LEAD: SCIENCE is lending support to the old belief that married couples eventually begin to look alike.

Long-Married Couples Do Look Alike, Study Finds

NEWS SUMMARY: TUESDAY, AUGUST 11, 1987

LEAD: The Pacific Gas and Electric Company recently learned it was losing its biggest customer. The Chevron refinery in Richmond, Calif., decided to save money by generating its own electricity.

New Era for Electric Utilities: Residential Rates Might Rise

BUSINESS DIGEST: TUESDAY, AUGUST 11, 1987

Djombo Dany-Gael N'Guessan is a French former professional footballer who played as a left winger or forward

Dany N'Guessan, French footballer

Dany_N'Guessan

Drew Patrick Storen is an American former professional baseball relief pitcher. He played in Major League Baseball (MLB) for the Washington Nationals, Toronto Blue Jays, Seattle Mariners, and Cincinnati Reds.

August 11, 1987

Headlines from August 11, 1987

Our Towns; Young Victims Of Cancer Find Joy of Summer

Exxon Will Buy Celeron

Chasing the Heroin From Plush Hotel to Mean Streets

LATIN PEACE PLAN IS SAID TO SET BACK HELP FOR CONTRAS

Dow Rises By 43.84, To 2,635.84

Billboard 200

Whitney

Bad Animals

Whitesnake

The Joshua Tree

Bigger And Deffer

Notable Births

Historical Context for August 11, 1987