Combat Fatigue

Wall Streeters, who have been taking an uneasy view of the future, this week got panicky when they read General MacArthur’s ominous words about the Chinese Communists (see WAR IN ASIA). In the surge of selling, the Dow-Jones industrial average dropped more than five points, to 221.85, before steadying. The break was the sharpest in one day since mid-July. It dropped the market 9.96 points under the bull-market high reached only four weeks ago.