THE ECONOMY: End of an Era

Stockbrokers came back from their Labor Day weekend with nothing to worry about, apparently, but their golf scores. There had been no new shocks, international or otherwise, to the queasy stockmarket. Then it happened. At first, orders to sell were only a trickle. Soon they became a flood. More & more holdings were dumped, until nearly every stock on New York's big board was skidding.

By the time the gong rang at 3 p.m., the toll was terrific. The volume of sales was 2,900,000 shares, the highest since last January. Only 32...

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