The Economy: If Peace Comes

Peace in Viet Nam may still be a long way off, but even the prospect of negotiations has created a new mood for much of U.S. business. As they look toward war's end, most businessmen see economic possibilities that range from pleasant to dazzling. Says Economist Arthur Smith of the First National Bank in Dallas: "No single event would do more good for the nation's economy than ending the war."

Wall Street quite obviously agrees with the prognosis. President Johnson's March peace overtures gave the stock market its sharpest two-week surge in...

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