Show THE ASPECT OF PEACE aside from the natural gratin cation which all humane people must fool at tho ending of hostilities in tho far east there has been a widespread feeling that the return of peace in manchuria will redound greatly to the benefit of the trade ot the world generally in fact the opening up oe tho disputed territory to the worlds trade possible when the hostilo armies aro withdrawn has ben the subject ot many articles something like a boom in eastern asia has been freely predicted it might be well however to recall hat the trade of the world with japan parts of manchuria and until latterly with parts ot siberia has been uncommonly good or over a year past just because of the war which has of course stimulated many lines ot business notably that in food and war supplies tor the fighting armies japanese aade certainly seems to have been stimulated not only in imports but lik eiso e iso in the matter ot exports thus in tho first halt ot this year japanese imports were valued at against in the first half of 1904 while exports gained from in 1904 to in 1905 from this country japanese takings were valued at against in the first halt of 1904 and takings ot british products in value it is possible though hardly probable that future months will show further gains in view of the fact that a large number of now idle soldiers will be returned to the pursuits of peace on the other hand with the return of hundreds ot thousands ot russian soldiers to europe the consumptive sump tive ability of the sections occupied by them wil be reduced thus it only remain for choso seeking im mediate markets for foreign goods to find them in the disputed territory such as korea and manchuria As I 1 to these countries it is well to remember that war has enlarged trade with them in some directions it it has hurt them in others the future possibilities of these countries as consuming markets are no doubt great but IT tho history of the transvaal and the neighboring territory after the boer war is of value it points to a period ot stagnation and recuperation rather than of immediately awakening demand for foreign products it Is true that in the past the return of peace after a war has been a signal for great growth and increase in purchasing ability in some countries this was true in the north after the civil war of 1861 65 but was not so broo of tho south chich had been tho theater of operations of hostile armies no doubt great changes are impending in the farther east and some benefits will doubtless flow indirectly from tho ending ot tho war but it would perhaps ie as well not to build too boldly upon an immediate large in creasa in american trade with the countries which navo just witnessed the bloodiest conflicts of modern lines |