-IF PEACE COMES-: Its Effects on the Economy

EISENHOWER and Zhukov exchange letters; the Russians back down on the Austrian peace treaty; a Big Four meeting is proposed; Soviet leaders plan a friendly visit to Tito.

Scarcely a day passes without some hint of easing international tensions—and Wall Street traders, who hate uncertainty above all, become cautious.

After making no headway at all for a week, the Dow-Jones industrial average last week tumbled more than six points before steadying (closing figure: 419.57, off 4.27). Such war-baby aircraft stocks as Boeing, Douglas, Lockheed and Northrop have dropped as much as 35% from their 1955 highs. In the back of every investor's mind...

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