State of Business: The Repercussions

In stock markets already uncertain and jumpy, the Cuban crisis set off more reaction than any other international political event since the Korean war:

TUESDAY, OCT. 23: Day after Kennedy's speech, the Dow-Jones industrial average plummets 10.54 points, its biggest drop in four months. War-scare selling also batters stocks in London, Frankfurt, Tokyo, Johannesburg. Gold prices on the London market hit a record 1962 price of $35.175 per oz. as speculators in Asia and Europe rush to swap their currencies for bullion. Other speculators, anticipating shortages, push up the futures prices of sugar, grains, copper, rubber and cotton.

WEDNESDAY: The Euro-Syndicat...

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