Expenditures of the Russo-Japanese war / by Gotaro Ogawa.

EFFECTS ON INDUSTRY

209

than daily necessaries or war supplies. The amount of actual
decrease in these branches must have been far greater than
that cited in the above table, because the manufacture of war
supplies must have drawn a larger sum of outlay. In this
connection it is to be regretted that details about the movements of capital in the various branches of industry are not
available. But some indirect light may be thrown on the
general trend of capital movement in industry by the subjoined statistics of the number of workers in various industries.
WORKERS IN VARIOUS INDUSTRIES, I903-1907 a
No. of Workers
Industries
1903 1904 1905 1906 1907
Fiber industry......... 270,974 278,890 302,723 325,047 354,667
(Textile industry)......... (59,278) (70,245) (75,756)....
Machine and iron industry.. 34,223 45,886 49,863 58,977 62,045
(Machinery).............. (7,849) (11,628) (I,397).....
(Shipbuilding)............ (12,384) (21,026) (21,775)..
Chemical industry........ 49,988 53,338 55,430 62,708 65,415
(Tanning)............ (471) (2,521) (997)
Foods and drinks......... 35,920 49,324 51,497 49,260 48,192
(Canned goods)........... (1,438) (2,311) (4,283)....
Miscellaneous............. 34,222 42,074 46,699 50,176 52,971
(Leather goods)........... (1,438) (2,311) (4,283)....
Others.................. 58,512 56,703 81,629 66,009 60,002
Total............... 483,839 526,215 587,851 6I2,I77 643,292
a Figures within parentheses are not included in totals.
If this labor movement indicates capital movement with
a fair degree of accuracy, it may be observed that capital
was doubtless concentrated in the manufacture of war supplies
such as machinery, iron goods, drinks and foods (especially
canned goods), leather goods (including tanning), and cotton
textiles. In other directions there must have been a marked
decrease of capital, since the aggregate of invested capital
decreased. But all this is what happened in I904, the first
year of war. The case was quite modified in I905. As
already seen in a previous table, the industrial capital increased in I905 by 27,000,000 yen in paid-up capital and I8,15