may be the outcome of the negotiations at Portsmouth, N. H., one point is very clearly brought out, namely, that the world at largo wants peace and that peace is only withheld by Russian pride. The conference of the veteran statesmen and Cabinet Ministers, besides Admiral Viscount Ito, Chief of the Naval Staff, and Mr. Ohi ico-Minister of Foreign Affairs, at the Premier's official idence, and that before the thro on Monday, the 28th of August, are belived to have had reference to fresh instructions to be given to Baron Komura. President Roosevelt's good offices and his influence upon the uogotiati very much appreciated here. Japan's attitude is unchanged and continues to be firm, but is extremely conciliatory. Well-informed circles here decline to take too seriously the bluff by M. de Witte, whose procrastination is due internal vacillation. I should not like to minimise the immense issues now at stake, but am inclined to believe that a ow development is by nol means improbable, especially in view of international pressure placed upon Russia America, France, Germany, expressed their belief that this diplomatic situation, inasmuch #8 thi ground. Analarm was experienced yester foolish majority there sometimes gains
day on the Tokio Stock Exchange and its shares fell off over twenty-two yen Bub I gather from reliable circles that gloomy foreboding: are sti.l premature.
Text read from the printed page and cleaned; old type leaves the occasional error.