Carrizozo outlook. [volume] (Carrizozo, N.M.) 1910-1945, 1920-01-30
Begins 1920 With Greater Conf
dence Than II Did
the Last.
DUE TO DEFEAT OF RADICALS
Elections Stabilize Internal condl-
tons, Though Fall Of Franc 10 still
Serious Problem-study
Financial Policy.

Pnris.-Frnnce begnn tho now yenr
with far greater confidence than the
last. This II IN spite Of formidable
handlcnps, such MS the balance OF
trade running against her nj the rate
OF about 1900, 100000 francs n month,
about 90 per cent depreciation Of the
exchange vnlue OF the franc and the
consequent difficulty Of procuring raw
materials and machines urgently
needed for reconstruction.
Frances renewed confidence Is de-
rived directly from the result Of the
recent elections. These nre regarded
here M having definitely stabilized In
ternal politics. ended all danger OF
revolutionary agitation for some time
to come and brought about n better Mt
tltude by capital and labor toward the
Immense effort before France.
Money Is forthcoming for invest
ments In anything that promises stnbil-
lty. While the investments in short
term TREASURY bonds are continuing nj
the rate Of nearly 2.OOO.OOO.OOO francs
a month, there is plenty of money for
Industrial and commercial enterprises
and long.tcrm loans. The 4.0O0,O00.0O0
frame loan 10 provide immediate
esources for indemnifylng victims Of
the invasion was oversubscrlbed before
the official opening OF the subscrlp-
lions. Important banks and indus
trial companies have lntely Increased
their capital 10 an aggregate Of nearly
600. 1000. 600 900 francs.
Big Trade on 6ourse.
Transactions on the Paris bourse,
which still are confined to rash denis,
have exceeded on certain days records
Of prc.wnr trading, when futures On
tered largely into the totals. The up.
ward movement OF all lndustrlnls
which began before the signature OF
the treaty mt Versailles. has been I'm
checked by successive llquldntlons
This Is regarded by keen observers
here MS n sure sign OF economic re
covery.
Employers say the labor situation II
improved and that the last strikes de
veloped signs that the workers them
selves were becoming weary OF lOnl
continued disturbances Of business, In
dustry and transportation. They Sc,
a tendency against frivolous strikes
and nm Indication that only real grlev
nnces viii induce the wage earners 4
qul' work hereafter.
/. Capitalization Of capital md in
dustry Is seen In the establishing II
Normandy Of textile Industries to re-
place those In the occupied terrltOr.
destroyed by the war. This movement
has been greatly extended by develop
ment OF water power In the region o
the Alps and the center and south o
France. Industrial leaders sny tim
no particular region ~ France here
after Will mnnopollze my Industry, nm
declare thnt this scattering will prov
beneficial and result In n NOR
equable recovery of all parts of th
country.
To Transfer Industries.
Powerful financial groups are AZ III
head of the movement TO transfer IN
portnnt industries from the coal II
gion 10 southwestern France, whel
winter power sOon viii be availahl
other groups are being formed 20 d
velop manufacturing centors near u
coast so ms to- reduce the cost
transporting raw mnteriais. iudu