Some Japanese. and: foreigners here continue. to bs.bewildered by. the various conflicting rumours and to lend credence to, the. pessimistic. Russian statements. But it. must, be understood that: it is the Russian policy under the circumstances to reiterate that Japan's terms are harsh, and peace therefore, impossible. They wish to make Jupan. responsible..for a. possible rupture, Although the exact terms have not been giver: out yet, stocks continue to show " downward tendency. Well-informed circles hero, however, hold optimistic views, and there are no' suggestions that the terms as indicated should be cut down in any particular.
Text read from the printed page and cleaned; old type leaves the occasional error.