JAPANESE LOAN.

Star (Christchurch), Issue 8004, 6 May 1904, Page 3

JAPANESE LOAN.

TJnitod Press Association— Jßy Eleotrio Telegraph— Copyright. (Received May 6, 7.57 a.m.) LONDON, May 5. General Saasulich's wound is merely a graze, but General Kashtalisky'6 is serious. Tbe Japanese consider that the Russian strategy lacked offensive initiative. Search parties found many Russians hiding ia the' bush. The Japanese captured immense quautttieß of railway material, supposed to be intended for the branoh, of tie Manchuria Railway to the Yalu. The British Gfovernment seized some destroyers which.a re completing construction at a Tyne shipbuilding yard, on suspicion that they are intended for one of the belligerents. ..-../ The Nippon Yusen Kaisha. steamer -will reopen service's to Australia and elsewhere. The line ceased running at the outbreak of the war. Coal from Cardiff to Japan is now covered at 7s 6d per cent, whereas it was lOgs per cent three months ago. War risks on grain from Vancouver to Vladivostock are 40gs per cent, but no quotations are made for Port Arthur. . A Japanese loan, at 6 per cen^ for ten million, is being underwritten in London and New York at 93, on the security of the Customs.