Profit Taking Follows Tonkin Bay Incident
Troubled waters of the Bay of Tonkin rippled the stock market again last week. Shooting incidents have been the nemesis of securities prices in recent months rather than the state of business.</br></br>"The health of the economy is so good itÛªs not even a campaign issue,Û one broker com- upward progress. There were mented.	further indications of an in-</br></br>News Friday of U.S. war- crease in capital spending, and ships once again confronting a Gå¡od increase in new car the Reds in Southeast Asia 8å£ues- immediately produced flus- Retail sales this year were tered selling. Coming as it did expected to increase 6 per with leading market averages cent from 1963 ÛÓ and run at or near all-time highs, many double the volume of 17 years investors had fat profits that ago. Industrial production could be taken.	rose in August to a new rec-</br></br>averages, which had been monihly record, mildly up for the week, closed Even better, a panel of mixed. Standard & PoorÛªs in- economists at a one-day meet-dex of 500 stocks ended up ing of the National Industrial 0.03 to 83.48. The Dow-Jones Conference Board said: The 30 industrials dipped 2.01 to current economic expansion 865.12.	towers over any previous</br></br>and then down. Turnover on further advance, the New York Stock Exchange Despite the less than spar-soared to 27.85 million shares, kling performance of the mar-In the previous week, short- ket this week, 18 of the 20 ened one day by the Labor most active stocks were up. Day holiday, 20.90 million Two were down (Pan Amer-shares traded.	ican World Airways and West- The market, except for the inghouse Electric), late developing incident in Southeast Asia, had much favorable news to support its