Stocks Tumble On Iraq News: U.S. Bonds Tumble on Iraq News
NEW YORK. July 14 W The Stock Market suffered its worst drop of the year today as a revolution in Iraq caused general selling.</br></br>International oils were hardest hit, ending with losses running from SI to about S4 a share. Other sections of the list recorded smaller losses.</br></br>Trading was fairly active with volume for the day amounting to 2.540,000 shares compared with 2,400,000 Friday.</br></br>NEW YORK, July 14 <#> United States Government bonds dropped sharply in quiet trading today as a result of the pro-Nasser coup in Iraq. Losses ranged out to 1% points among some of the recent issues.</br></br>Corporate securities were lower on balance in a day of lackluster trading. Utilities and industrials were sharply lower, while rails, investment quality issues and foreign dollar bonds shaded higher.