Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-01-05
A WAR INSTHE EAST
FINANCIERs DISCUSSING IT'S
EFFECT IN THIS COUNTRY.
American Industries and Trade Con-
ditions Discussed - Foreign
Securities Held Here.

SSis {
The financiers of the country, including
| those Of Washington are discussing with
vigorous interest thess probable effect on
American industries and trade conditions Of
a war In the far east The stock markets
of the world are so sensitive that often war
| news is received through that channel be-
fore its arrival by the ordinary means of
communication. It may be stated already
that confidential correspondence has been
entered into by various big interests to as
certain the inside news of the eastern situ-
alton. New York will probably get the
| first authentic news and over the stock ex-
change tickers It will be flashed throughout
the country. :. s-s 80
If Russia and Japan Should clash at arms
1t Is generally believed that China would
inevitably bepdrawn into the conflict. That
empire would probably furnish much of the
lighting ground. In view Of these cCadi-
tons, fnanciers are figuring on the results
of long-drawn-out conflict. The calcula-
| tions are especially interesting at this time
| In view of the prominent part cotton has
played in the markets of late. The export
trade to China Is largely of manufactured
cotton products. ....-. 80
Our Trade With China.
war in the far east would. 1t Is believed,
bring American manufacturers heavy Or
| ders from the Japanese government. These
| would call for the usual munitions many
| OF which could be secured here advan-
tageously. But large falling off in ex-
ports of cotton manufactures might result
| on account of the difficulty In securing de-
| liveries to China, and the natural decline in
| business there This possibility means a
great deal. =,
| Government figures on this country's for
| eign trade show that during the eleven
! completed months ending with last October
we exported to the Chinese empire ss,571 ,418
| In manufactured cotton cloth. and that was
$6. 402. 514 below last We r's figures. the fall
| ing off being accounteu for by the violent
| rise in the price Of the staple here. Dur
| ing the same period in 1901 we exported
| 1927, OPT, but in the previous year, when
China was disturbed by the Boxer out
| break. the trade declined to s., 1S3, 81.
For these reasons it will be seen that our
trade with China might suffer severely were
! she drawn into the ENHANCEMENT should
her ports become blocked.
Securities Held Here.
While but few Japanese bonds are held
| in the United States, some very large blocks
| of Russian securities have been sold to
| American investors. Individual holdings
| reported by the large American life insur-
ance companies include Kieff Veronesh AZ
| per cent of 1855, s616,660: Russian state
rentes As, $3905O8; Russian state nobility
| agrartan bank As. 81 .s03 .450; Russian state
loan, S549. 100: Russian Chinese East Rail-
| way, SAB go; Russian 'C6nsolida ted Interior,
| $4,000: Russian Moscow sKazan. $1S1 .225;
| Russian Mich Railway, Sa4 300; Russian
| MOSCOW Riasan Railway, So ,495; Russian
| Riasan-oural Railway, S44S, 5O4; Rezan
| Ural, 81 .042, 800; Russian. Moscow, Windau
| and Rybinsk Railway. SS75,445; same. $685.
| 400: Russian 8. E. RAILWAY. >$1.94S 600; Rus
sian Wladikawkas Railway. 81, $50 600, and
| several Others
| Most of these loans are well secured. so
| far as collateral goes, bntIfhere is no tell
| ing. of course, what deterioration would
| result to mortgaged peopetty If the conflict
| should be prolonged.