Pine Bluff daily graphic., 1919-12-30
FRANCE: WILL BEGIN YEAR CONFIDENTLY
 DESPITE FINANCES

, iaeaVy Trade Balance Against ! Her is Great Hand;- cap
 Paris, Dec. 27.-France will bo gln the new year with far grea4er i confidence than the last This i~ an splte of formidable handicans sucn as the balance of trado r1p p' ililg agalnst her at the rata s't,f nf saa anou5 1,50o,0O0,0O0 francs o' a +4;,oi'h, about 50 percent denrocia1 elon or the exchange valuo of +l,o a,,1tl arHac ana the consequent diff soisy or procuring raw materis le ahG machines, urgently needed if,, fn.. rrance's renewed confideooo ;l oerlVed directly from the res,,it os s rne rne recent elections. These aya 1v stah;1 ss.d dGu hefe as having definite ly sIaolllzed internal politics end GU ;t4 all danger of revolutionary a@. 1uaeion h~u tor some time to come ana olought about better attitude hr. capital and labor toward the inn ihense effort before France
 Mohey is forthcoming for in promises stability. '{ WbiIa yFiIg ;n1dst that menus in short-tern treas1,,.,, cohds are continuing at the ra4e of nearly 2,00O,OOO, GOO of franes month, there is plenty of mon ey for industrial and corn7,,aro;.1 G'. CT enterprises and long-term hans '' The 100000, ,Ooo-franc lo.,, ,'Silt, = provide immediate resources for lnae:mnlfylng ll victims of thhe in- tSs tasloI was over-subscribed before s ehe official opening of the sub- scrlptlons. Important banks and !!nuul0rlal companies have lately increased their capital to an, ao- 900 francs. O'00''0o0'- Transactions on the psr;s bourse which still are eonfined T tr, r' cash deals have exceeded on cor. tam days records of pre-war trad Ing when futures entered laroa1v into the totals. The unwar1 movement of all industrials whicS < began before the signature of tha treaty at Versailles has been un- 'hecked by successive liquidatiors Wshls is regarded by keen observ- AIS here as a sure sign of cconon,- n torecovery.
 the Decentralization,
 duf- pployers say the labor situa- algh. ls Is improved and that the the thitrikes developed symptoms 'flds beoe workers themselves were try'g weary of long continued TOT a transportation. They see :. tne strikency against frivolous tae only nd an indication that " 1T ao the W grievances will induce s,, w onf ne hereaft'earners to quit work eN VI Decen
 ,each industry ation of capital and 'ii'l hla ing in Neen in the establish +,.n,, .l tries to rdy of textile indus o 'H4y cupied terr those in the oc- e '' war. This destroyed by the
 greatly extement has been crr, of water pos by development ''ioN N the Alps an the. region of
 south of Frame center and rinary CTS say that industrial lead ; his of France heresticular regicn |, and lize and industrywill monono rehen- this scattering ,declare that to Dr. flclal and result prove bene- aith is Die recovery of anlore equa- been country. ts of the attack Powerful finarcia
 at the head of ups are transfer important nent to
 from the coal regionsustries -.o~... eastern France where south.
 4 power soon will beavaiWater CT groups are being fornOth- Velop manufacturing cent de-
 the coast so as to reduce ear
 of transporting raw maternst | ssln ' dustrlal leaders say that tn- t; ING tivity on the part of capita}-
 ported by the recovery of
 rom what has been character 100 as wave of "laziness," eiva
 healthy tone to the situation.
 Instability of the exchange 0 ue ot ththe franc is regarded ---- one of the weakest points
 French conditions. It is poi
 out that France can not
 twice over at present
 prices for supplies she needs
 that is what the present low
 ue of tthhe franc means.
 French government is now S
 ylng a complete renovation of , financial policy with view K making such provisions to her obligations as will
 and abroad.
 New Financial Policy.
 Details of the new financial nia- icy are not as yet disclosed ,ong It is understood that it comp vitb firstly, large interior loa
 take up all short-tterm |
 ard floating debt; and seco
 important increases in all 1 > td bring the revenues up to
 quire 20 00,00O,Ooo to 25
 000,o00 francs. It is not exp
 that any internal financial V rangement can exert more ~ a moral influence on the .