Pine Bluff daily graphic., 1919-12-14

fklIM Tn Uu u WILL | UNREST GRIPS WORLD |small Hope for Return o1 Normal Prices Says
 Englishman
 London Dec. 13.-The world ,on axnect no relief from the pres. sstl es4 hiph cost of living and the sho sho,+age of commodities until the Sidespread srGt sore social and industrial 1nrest @ has disappeared and the |nmar.shattered m economic machinery bas sn been put in order, according tc Charles @ A. McCurdy, parliamen- tary s secretary to the ministry of Eood. foos MT. McCurdy expressed this ,;ew % during an interview with 8 roorrrrespondent orr of the Associated Dress. and added that he was not oarticularly optimistic over the ehances of any marked betterment bf the situation in the near future "We have Bolshevism at one end bf the world and widespread Etrikes at the other," said MT. Me ,urdy, land not until society re- Eumes it's normal course can we Fieht economic conditions.
 saTt is very difficult to prophecy egarding the food situation of the |nfure in view of the fact that the Ehole economic structure of the world has been so badly dislocated Fhere is hardly any factor of busi- ess that is stable, and we do not now what wages are to be. As result of these conditions the erular channels of distribution ne disorganized and until they are ormal it will be impossible to tell That effective supplies there are compared with the world stocks. "While it is true that America ngland and some other countries ke sufficiently supplied now so hat there is no distress among the eople, yet this comparative abun- bnce is in reality a fictitious one, nd may not last. Great sections the world are actually hungry ecause of the impcssibility of dis |ibuting supplies properly. If the Aannels of distribution were open hd the economic conditions were bch that foodstuffs could be pur- based by those countries which led them we probably would find hrselves faced with shortage in any things. "For example, if the peoples of ntral Europe should be in posi- pn next year to purchase the eat they need there would be a prld shortage of several millions ns. It is improbable that they II be able to buy but it is inn bssible to predict so far in ad- nce. I believe that year from w things will have been brought a head and that the world will facing it's most critical time.
 FThere are those who tell me Rt am wrong in my outlook and ' at there will be no shortage, but can figure it in no other way. / ere certainly are many coun- les now which are securing far ow what they need in the way foodstuffs, and when the time nes for them to buy, it will be possible to refuse them their T share of what the world pro- ces. We cannot let one part of
 world starve while another tlon has plenty.
 There is another factor to be sidered also. Where production
 been stimulated during the 1t must ultimately revert to mal. It is not natural as it nds. In the United States, for lance, the meat production has n artifically stimulated and it bard to estimate when this tenn ary condition will vanish. Am a next year may be an import ct. meat, instead of big ex- ter. See what that would mean me rest of the world.
 on the other hand, production
 been crippled in many coun-
 5. In this case the process of Flng back to normal is likely to slower than in the case of the stimulated production.
 n Europe as whole there is aactual shortage of Il per cent neep and larger shortage ir
 Because of this Europe id have to import 3,5OO,OOC
 or meat this coming year, if vere to return to it's pre-wal
 umption.
 n regard to wheat, the expor.
 surplus of the world is down
 pared with that before the
 Import requirements at the
 tlme are up. The same thing
 us of butter and in some coun.
 l!s consumption has been in.
 "a by the lack of margarine
 IS also sugar shortage
 Deet sugar production has
 pea off 100000 tons in Flu.
 smce 1914. The cane sugar
 actlon of the world meantime
 increased but only 1,8OO,OOo
 l! discussing prices we mus
 aer the meaning of the phe
 tn0n in the Ilnitad Sfata,