STATE OF BUSINESS: Static '60

The stock market last week was buffeted by the heaviest losses in weeks. In one day the Dow-Jones industrial average plummeted 15.42 points, biggest break since President Eisenhower's heart attack in 1955. The slide was accelerated by the fact that when the average eased through the previous 1960 low of 599.10, which had withstood two previous onslaughts, a storm of selling was touched off. At week's end the average was down to 585.20, lowest level in 19 months.

While some traders worried about what was going on at the United Nations, biggest reason for the drop was worry about what...

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