The underdeveloped nations of the world can't terrorize each other in a nuclear arms race. Instead, they pant through a small arms sprint. While the great nations thunder missiles into space, the weak nations gobble up the rifles left behind. There are recent - sometimes dramatic - examples. Last March 4, the French freighter La Coubre exploded in Havana harbor, killing more than 75 seamen, dock workers and firefighters. It was carting 76 tons of Belgian grenades and ammunition to the army of Fidel Castro. Last year, the new African nation of Guinea asked the United States to sell arms to her 2,000-man army. When the United States refused, Guinea bought three shipments of rifles from Communist Czechoslovakia. Conditions are perfect for this dash for little arms: 1. A glut of small arms on the world market. 2. A host of military governments and revolutionaries hungrier for guns than bread. 3. Help from major powers in satisfying that hunger. There is no official estimate of the amount of small arms available on the world market during a year. But some light on the market's vitality is shed by news dispatches and government reports of transactions...

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