Washington, Jan. 28.
United States, settled down with the expiration of the Japanese-American trade treaty yesterday to a long cooly calculated diplomatic contest for future American interests in the Orient as business with Japan continued as usual.
Everything indicated that the Secretary of State, Mr. Cordell Hull, is content to sit back and wait to see if discrimination of American trade in China ceases, to see what sort of guarantees Japan will offer and to see whether Japan seeks trade with other nations, Veteran observers here believe
Text read from the printed page and cleaned; old type leaves the occasional error.