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Show Hh It is announced in a report from our commer- H cinl representative nt Tokio that iron for the m first time has displaced cotton as the leading im- 1 port into Japan fnm the United States. These H iwo commodities represent two-thirds of all H American goodfl sent to Japan. Hoth commodl- B tics are being purchased by Japan for use in her H rapidly developing manufacturing industries. 1 lluch of that development is due to the demands H of war. And, as a eonseiiucnce, when the war 1 is over we shall find Japan far more ready to B engage us in industrial competition than when the war began. She will have the advantage of wage scales far lower than we would consent to B maintain. Her houis of labor will be longer, 1 and restrictions ujran child labor will be less than B in this country. However friendly we may feel H toward the Japanese nation, we must nut over- H" look the fact that after the war we shall be en- H gaged in keen competition with many of her H manufacturing industries. |