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Ultimately, LTV may not survive; the possibility of its demise is openly discussed in Wall Street and Dallas. The low price of LTV's debentures indicates that many investors do not expect them to be paid off. If the 14th largest industrial company in the U.S. should go under, the real danger would be in the psychological shock on other conglomerates−as well as on the demoralized stock market and the nation's queasy economy.