STATE OF BUSINESS: Viewed Without Alarm

The news of President Eisenhower's illness (see NATIONAL AFFAIRS) hit Wall Street barely an hour before the opening trading gong. At the first sketchy reports, there was a burst of selling while traders waited anxiously for more complete word on the President's condition. As it came, the market hung on the doctor's bulletins. When news reached Wall Street at midday that Ike was headed for the hospital in an ambulance, there was a rush to sell. The ticker ran five minutes late, and the Dow-Jones industrial average dropped 15 points. But later, when Ike's illness was diagnosed as intestinal...

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