The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-01-16
JAPAN PROSPERS DURING WAR
BIO INCREASE IN TRADE SINCE
THE FIRST CLASH OF ARMS.
Providence Aids With Crop Worth Nearly
$4,000, 900 More Than That OF the
Previous Ycar-vaiuable Resources
Left on which to Raise Moro Loans.

Previous Year-vaiuable Resources
Left on which to Raise Moro Loans.
WASHINGTON, Jan. l5.--Lloyd Grisoom,
United States Minister at Toxic. has sent
the State Department an interesting COM
munlcation detailing the economic con-
ditons Of Japan and her trade relations
with the United States. Mr.. Grisoom
makes extensive comparisons OF the first
nine months of 1908 and the first nine months
Of 1901. The report shows some interest
ing facts with regard to the effect OF the
war upon the finances and industries OF
Japan.
The present year shows an Increase in
exports OF SO, 424, 1850, and an increase in
imports OF $4,000, 6e7. a total increase in
trade OF SIC 5o4, 75e. During the same
period the increase OF exports in specie
and bullion amounted to $ii 4os 1914, and
the increase In imports to $l,s41,s7o.
During the period in review exports to
the United States were valued at 3sS ,s9s, o22.
and imports therefrom at $40, Tie, 4S6, show
ing, as compared with the same period
OF 1908 an increase in exports OF S9,el9,27T,
and an increase in imports OF 81, 7o2, Sss.
The total amount of tho national debt
OF Japan at the end OF September stood at
about s444 2l6 900. making debt per capita
OF about $946.
War taxes have been increased on land,
incomes, business transactions, sugar,
minee. sahi, bourses, customs. consump-
ton OF woolen textiles, consumption OF
kerosene and stamps, while q new source
OF considerable revenue IL found In the
tobacco monopoly The official estimate
OF the net income TO be derived from that
source for the year ending March 81, 1905.
il $4,000, 2l2. and $4,000 900 for the year
ending March 81. 1909.
The Government owned railroads like
wise which are valued by the Ministry OF
Finance at about sos, 600 900, are estimated
TO bring net income of si,750,Ooo for the
coming year This item and the tobacco
monopoly are assets upon which 1t Is gem
orally supposed further foreign loans will
be raised,
At the beginning Of the war the specie
reserve in the Bank Of Japan fell quickly
from SIS, 4sl. 900 in December to s3i,o43, 500
in May, when the first foreign loan was
doubtless responsible for All increase to
SIS. 64e. 900 in August. the normal condition.
The increase OF l9630,e4A in deposits In
the leading banks of Japan from January,
lOo, 10 august. lout, WI VII hA'
been markedly free from fluctuations
The report says that the necessary aoan-
donment during the war Of several leading
Japanese steamship lines of their servce1
10 foreign countries has already had con-
siderable effect in changing the channels
Of trade as. for instance. the large falling
of in the importation of raw cotton from
India which was the principal source OF
Japan's supply, and which trade has gone
TO China.
striking feature in the industrial his
tory Of Japan during tho past year IA the
unusual abundance Of nearly all agrloul-
tural products, and especially the unpre-
cedented yield of rice. estimated to be about
24s, l45 900 bushels. an increase OF about
1894 23 as compared with the yield OF
1903. The average annual yield OF rice
since 1891 has been 1870, T5s. 794 bushels.
other cereal crops, especially barley and
wheat, show considerable increases as COM
pared with previous years.
Considering the present market value
Of rice, Mr.. Grlscom estimates that the
increased income OF the country from this
source will be 81. s20.s50 over last year.
which will play an important part In the
extra expenditures imposed upon japan
by the war with Russia