NO MONEY PANIC IN JAPAN.

Dominion, Volume 1, Issue 177, 21 April 1908, Page 9

NO MONEY PANIC IN JAPAN.

DENIAL OF REPORTS.-OF-,BUSINESS

' DEPRESSION: Special i cable despatches ( <fronr Now: iYork and London published, -jifctthe,:.TdkioV newspapers- nave created astoiiirjhuient jiir. fman-, cial circles .-.(says a .Tokio-f tclcgrpm:: of. l'!eb- - ruary 28 to tho '' Now York Evening -.-Post because it is evident thntkcor.ta'iiii influences have determined to triad;.exaggerate existing conditiona:■ in!!!Jajia n...; despatches say-that tho.rdeclme ofvvFapauesov securities is du6 to a fnianciaUpajMcsi-iu!:^' The use of tho.'wordii''patiifc^\-j>a : vrepreKi sonting tho political situatiqii'"is- cntirelj* ttii-': warranted; No "panic 1 ! exists 'in tion. Owing to tho continued depression of' tho silk market, : duo largely :to '-tho "Amori- 1 ': can financial situatioiij Wijul' -the ;;; rih^ati^fac- : tory cotton' trade' with\Cluhit); fSf' firms in Osaka and K6bfe;li : aTo i ;f!iilpd i 'diiriifg tho last, threo weeks. i l Wo v t'otalpliabilities approximate 4,000,000 ysn^(£4oo^ooo).! 1 ) Two' or three minor banks ih ,, -t'|f4: : ]iVbvffiiio 'have.' closed their doors. Tho" been extremely' dull for ;the;jßst iiidnths; in Tokio.' Railway stocks because confidonoo has ing plans for jtliich'/TtVay•failj' lc is believed -that will continue uutil election. .A. leading ..broker.:'sjidj to the Associated Press, to-day: " Government securities were weak earl.V in the week, sinco then^Uiej': have become firmer. Owing to rumours of> failures and money stringency, pricas,*m. all. shares have been downward) but the.'.market':.shows, a firmer tendency." . ; A despatch from Kobe says that it is behoved there that the doprossipil has, reached its limit, and that conditions' are" improv-