The Barre daily times. (Barre, Vt.) 1897-1959, 1916-03-03
JAPAN PROSPEROUS
BECAUSE OF WAR
Entente Allies Are Buying Great Guam
titles of War Munitions and Money
Is Literally Pouring Into
the Country.

Toxic, March 3.--Never in her history
has Japan met with such period of ma
terial prosperity as to-day. This is en-
tirely due to the war. The entente allies
have been buying great quantities OF war
supplies since the beginning Of the con
tlict and more orders are being placed
constantly. Money is literally pouring
into the country in such quantities that
there is actually plethora of il. Mon
ey has become so cheap that bankers
have begun 20 complain.
The first great call upon Japan has
been made and will continue to be made
by Russia. The exports 10 Russia have
realized several hundred yen. They in
clude not alone military equipment and
supplies such as guns, rifles and ammuni-
ton, but huge quantities of cloth, many
hundred thousands OF pairs of boots,
leather pouches, caps, sashes, food prod
ucts and medical supplies. Even rice is
exported TO Russia TO be made into Cruel
| for wounded soldiers and of the medical
expectation a notable item is tincture of
! iodine,
Another great channel in which Japan
is finding prosperity is through her ship
ping. Her big merchant marine is not
only transporting supplies for the en-
tente powers but so far as the Orient is
concerned 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 and Japanese shipping com
panies have recently petitioned the de-
partment of communications to sanction
further increase in tariffs.
France is at present seeking either TO
charter or purchase ten or dozen steam
ships. but suitable vessels are scarce.
The prices are almost limitless in their
elevation. The extent to which steam
ers have risen in value may be instaneed
by a recent incident at Kobe. The own
er of steamship, the charter for which |
had just expired, who had been receiving |
SO 200 a month for his vessel, received |
an offer of charter at the rate of S37 900 |
per month The extraordinary demand |
for hulls is inducing Japanese shipyards |
to work day and night but they cannot |
hope to approach the demand.
The year 1915 was exceptional in Jap
anese trade but this year is expected to
prove still more remarkable Last year
the total exports amounted to about
1850, 100000 and the imports to about
1896, 100000 The total trade was $685.
100000 Compared with the preceding
year the figures show an increase of
about S5s 100000 on exports and a de-
NNT1,nrn /
rs in 1914 imports exceeded exports by
- ,3l7 900, the balance of trade last year
was in favor of exports by about SS4,
100000. Anything approaching such a
large excess OF exports is unprecedented
N the annals of foreign trade in Japan.
By CHANGING over the trade returns for
he last ten years, it will be found that
With the exception of 1906 and 1909 when
Exports owing TO greatly reduced i'm 7,
1orts were in excess by S2,4S5000 and !
~ S9,456,000 respectively, the balance OF
.rade for the remaining eight years
hows an excess of imports ranging from I
z, 3l7 900 to S4S ,4S5,000. In 1914 the
outbreak of the war diminished the vol /
lme of trade, especially that of imports.
This explains the fact that in that year !
he excess OF imports over exports .
mounted to only S2,3l7,000 as compared :;
With S4s4s5,O00 recorded for 1913 and I
With S46.000000 for 1912.
With the continuation of the war last
ear importations still further dimin 8
she'd while a remarkable increase was !,
oted in the export trade. The markets !.
4 India, South America and other places
reyiously taking German and Austrian =
Gods demanded japanese substitutes for
GODS which no longer came out from a
urope. All this combined to create a .
ew record in exports. while the difficulty
Europe in sending its goods abroad r
to decrease of imports into L
apan.
Among the import goods showing
filing off are iron, dyestuffs and other
nportant requisites for manufacturing
Idustry. This had the effect of check II,
e expectation to some extent, and has -
company promoters to form
ans for placing Japan's industry and
'mmeree on a self-supporting and per-
anent basis.
One result of all this is that Japan e
hich before the war had come to feel
,prehension for the stability of it's note sl'
inversion system, has now specie ac- et
TO its credit to the extent of
100000 yen or S300,000000, an tn
mount never before known in its fnan trs
II history. The bank vaults are full an
money seeking Investment. de-
A striking proof of a change in the tn,
ndition of mind in the capitalist circles pr
as seen recently in the response TO an
Ter of shares of dyestuff company, wi
W forming which were over subscribed un
0 times There has been steady in of
Ease in the capitalization for manufac- tiff
ring industries, money invested in so
EN- in 1915 amounting to S4s,35OO00 me
era
her