The Montgomery advertiser., 1905-03-25
PEACE TALK
 IS STRONGER More Tangible AspectSeen
 in Prospects. NEGOTIATIONS FOR LOAN Russia Appears Willing to
 End the War. Iatimated That Japan win Be in No Hurry to Close Hostiiities Untli she h h Possession of
 vIadivostok.

Paris, March 24.-The prospects of peace between Russia and Japan as- sumed more and almost tangible as- pect, today as the result of the an- nouncement of the resumption of nego- tiations for Russian loan. The post ponement of the loan occurred through the stand taken by the financial ele- ment against proceeding while the un- certainties of war continued. whilst a willingness to resume negotiations Is construed as meaning that their strong influence finally has prevailed with the authorities at St. Petersburg The announcement of the resumption of negotiations took definite form in communication to the syndicate of agents de change. who form an infiu- -entiaf element on the Boerse, holding Government credentials. The effect of the first announcement was to stim- ulate the market and particularly Russian securities.
 A reaction occurred on fears as to the effect the heavy demands the loans would have on the market and doubts concerning the uses to which the loan will be put, However, it seems to be the accepted view of financiers that the proceeds of the loan will not be applied to. .the further continuance of the war.
 It Is understood that one of the in- ducements to a resumption of the nee gotiations was that considerable por- ton of the proceeds shall remain in France for the purpose of meeting the interest coupons of other loans and that the placing of contracts for Gov ernment supplies will be required even after the conclusion of hostilities. Coupled with the announcement of re- sumption of the loan negotiation came a strong intimation from official and diplomatic quarters that steps looking toward peace had been definitely taken by Russia. The foreign office declined to confirm a report that France was likely to be the intermediary. but dip iomats. who are actively interested for the first time gave credit to the state. ment that Russia had aecided' to seek peAcs ,. =.
 1t WAS said in tfese quarters that Rusia would deal directly with Tokio through the French minister. who has charge of Russian interests there. However, the report of Frances active part in the negotiations were said to be not entirely correct, as other pow CTS have contributed towards pacific solution and 1t expected they will take part in its realization. It appears that some of the lesser powers. including Sweden, are assisting to that end
 RuSsias cnleI preoccuPation ID Saiu to be avoidance of having peace plans arouse the animosity of the powerful war element at home. The receipt of an official dispatch at St. Petersburg on March 20, saying that the Japanese were approaching vladivostok is said to have induced the determination to seek a pacific solution. On the other hand, it is insisted that Japanese prox- ,ynity 10 yiadivostok promises to be a great obstacle in the way of peace, as diplomats conversant with the situa- tion say that Japan will seek to avert neace until she possesses Russia's only outlook to the Pacific Ocean.