THE AMERICAS: Vote for a Common Market

Caught up in a spirit of compromise, the U.S. softened hard policies of long standing last week as the economic conference of the Organization of American States ended in Buenos Aires. The U.S. agreed to:

¶Consult on commodity price fluctuations and surplus disposal.

¶Study the possibility of a Latin American Bank.

¶Work toward the gradual establishment of a regional Latin American market.

Despite the U.S. cooperation, some of the delegates were disappointed. They had expected that the three-week conference would produce a binding, final economic treaty. Not until the idea of such a short-order treaty was shelved did the conference get down...