The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1916-03-04
JAPAN TOO IS
VERY PROSPEROUS
Russian Millions Have Been
PouringBIntoT hat
Country.

TOXIC. Feb. 12.-(correspondence
ot The Associated Press)-Neyer in
her history has Japan met with such
aSper1od5 of material prosperity asEto'
day. This IS entire1ygduett to the war.
The Entente A1liesshayel been buying
RFeatSdnantitfesfof war supplies since
t~heibegtnning OF the conflict and more
8ordefsaare being placed constantly.
Money Sc literally pouring into = the
country In such quantities that there
MIactually a plethora OF It Money has
Fbeconaeff q cheap that bankers have
begunfto complain.
ThsShrst great call upon Japan has
been made and will continue to be
$fdadeSby Russia. The exports to Rus
6iashaye realized several hundred mill
Uon5yens& They include not alone mill
farySeQuipment and supplies such as
gfissrfies and ammunition, but huge
Quantities of cloth, many hundred
Thousands OF pairs OF boots: leather
noucies. caps. sashes, food products
~andEfnedicaI supplies Even rice is ex-
portfolio Russia to be made into cruel
for wounded soldiers and OF the med
icalEexportation a notable item is tine
ture3ot3idodine.
Another. great channel In which ia
pan is finding prosperity is through
her shipping. Her big merchant ma
fine{ tsinot only transporting supplies
forSthe Entente Powers but so far as
the Orient is1concerned has practically
taken over at an immense profit the
sea transportation which is held in
time OF peace by the vessels Of Great
Britain. Freight charges to all points
Including the United States have
SCARED ana Japanese shipping compa'
mics have recently petitioned the de-
APARTMENT of communication to sane
tionIa further increase in tariffs.
France is at present seeking either
oScharters OF purchase ten or a dozen
steamships, but suitable vessels are
scarce The prices r almost limit
less in their elevation. The extent to
which steamers have risen in value
maybe instanced by q recent incident
atsKobe. The owner of q steamship,
the charter for which had justtexpired
who had been receiving about $4,000
nimonth for his vessel received an Of
B3ergof charter. at the rate of $4,000
per month. The extraordinary demand
for hulls is inducing japanese ship.
yardsSto work day and night but they
9csnnot hope to approach the demand.
The year 1915 was exceptional in
Japanese trade but this year Is ex-
ipectedito prove still moreremarkab1e.
last year the total exports amounted
toFabout $3.50. 100000 and the imports
ID; about $266,000,000. The total trade
-a.Fer1f nm mn n Cn1onornd xuTfh the
preceding yearsthe figures show an In
crease Of about $58.000,0 900 on exports
and a decrease OF $31,500,000 on inn
ports. whereas ins1914 imports ex-
8ceeded exports byk$2,sl7,0o0 the bal
ance of trade last year was In favor
Of exports by about $S4, 1000 00. Any
thing approaching such a large excess
OF exports Is unprecedentediin In the an
mails OF foreign trade in Japan. By
.galncing over the trade rturns for the
last ten years, it will be found that
with the exception Of 1906 and 1903
when exports owing to greatly reduced
imports were in excess by $2,4S5. 0O0
Iandsb $9,456, 900 respectively. the bal
ance OF trade for the remaining eight
years shops an excess OF imports rang
ing from $2,317, 900 to $4S,4S5.00 In
1914 the outbreak of the a dtmtn-
Sished the volume OF trade, especially
that OF imports. This explains the
fact that in that year the excess OF
imports over exports amounted to only
s$2,S17,000 as compared with $48,4S5,-
sO~o0erecorded for 1918 and with $46,-
100000 for 1912.
with the continuation Of the war
last year i~mportations still further
Diminished while a remarkable In
crease was noted 81 the export trade.
The markets in India. South America,
and other places previously taking
German and Austrian goods demanded
japan substitutes for goods which no
longer came out, from Europe ALI this
combined to create a new record in
exports, while the difficulty of Europe
In sending its good abroad contributed
itoJa decrease of imports into Japan.
Among the import goods showing a
3fallingof are iron, dyestuifs and other
Important requisites for manufactur.
ing industry. This had the effect OF
Checking expectation to some extent,
and has encouraged company promo.
tiers to form plans for placing Japan's
3industryiand commerce on a self-sup-
porting and permanent basis.
One result of all this is that Japan,
which before the war had come to
feel apprehension for the stability of
lite note conversion system, has now
specie accumulating to its credit to
the extent ofs600,00o,000 yen or $780,
ACKNOWLEDGEMENTS never before known
IN It's financial history. The bank.
vaults are full EofSmoney seeking in.
XestmentsSS
Asstrtking PROOF OF q change in the
condition of mind9infthe capitalist cir
Giles was seen recently in! the response
to an Ole. OF, shares ola dyestuh com;
spony, now forming which weretsover
Skubscribedi 600 times. Their has been
q steady5increase inSthe capitalization