Pine Bluff daily graphic., 1918-11-26
INDUSTRIES
 REVIEWED BY
 RtNRY CLEWS America Must Assist the World In Resuming Normal Con- ditiOns.
BOLSHEVIKI NOW
 WANING IN RUSSIA
Most Serious Effects of Indus- trial Consolidation May
 Fall Upon Labor.

New York, Nov 23-The situation abroad is improving. In Germany pub lie feeling is quieting down and those i'll control are endeavoring to main- tain order with apparent success. There is still the probability of ser- ious disturbances following the re- turn of large masses of soldiers who will have difficulty in finding need ed employment. The great scarcity of food is of itself sufficient to create a crisis, but the German people are es- sentially orderly in their habits and accustomed to submit to anything, so there is little fear of repetition of the anarchy that evists in Russia. In the latter country there is ray of hope in the assumption of a dictator ship by Admiral kolchak, who posses ses a strong personality and may be able to check the reign of terror and restore some semblance Of order in that distracted region. Austria seems relatively quiet and the threats of up- rising in Holland and other countries are subsiding. After such an upheaval the world cannot be expected to return to sanity immediately, but there are signs that Bolshevikism is on the Wane and that more normal conditions are approaching. What the world most needs is the increased production of necessities. It is idle to expect political quiet or social advancement until food and shelter are within reach of the millions of needy over in Flu rope. It is our duty as we'll as our interest to help the starving people of E,1rn thnro ho 1a ofi n, peace while such bitter poverty re- mains.
 Consolidation of business has fair ly begun. As peace came earlier than expected, neither the Government nor the country at large has any definite plans regulating this new movement, such as Great Britain made months ago. As result we are slowly grop- ing along, and there is some danger of temporary dislocatiOn in industry, which might have been prevented had earlier foresight been exercised. Our Government, however, will probably relax it's control over industry very gradually, and thus avert serious con- sequences. 1t has been the principal buyer of steel products, textiles, shoes, food, cooper, wool and many other articles. Some of it's contracts will be completed; others will be re- duced, and in many instances long deferred domestic orders will be used to fill the gap. Priority orders, except for railroads, ships and the navy, have been cancelled; likewise heavy orders for shell-steel and wire. Recently orders for 1,500 locomotives, 10000 cars and 30O,000 tons of rails for the American army ill France were placed with home producers. These orders have been cancelled, and it remains to be seen whether domes- tic orders will develop sufficiently to fill this void, especially as the Gov ernment is holding back orders for home railroads until steel prices reach lower level Very fortunately some relief will be found from the re- moval of war restrictions upon build ing, which will in turn release many pigeonholed enterprises, giving em- ployment to labor which otherwise might be thrown into idleness.
 It is quite evident that the era of war profits is ended. Some decline in certain commodities may, therefore, be expected. A few lines of cotton goods are already lower, and there is general belief that commodities have reached their high point and should hereafter decline to more nor mal lveels, which if not too rapid would stimulate consumption and aid in preserving a more natural and Sub-