The Latest.

Manawatu Herald, 7 May 1904, Page 2

The Latest.

RUSSIAN STRATEGY DEFECTIVE. General Sassulich’a wound ia merely a graze, but General Kashtalisky’s ia serious. The Japanese consider the Russian strategy lacked an offensive initiative. Search parties found many Russians hiding in the bush. The Japanese captured an immense quantity of railway material, supposed to be intended foe a branch of the Manchurian railway to the Yalu. The British Government have seized a destroyer which was completing construction, at a Tyne shipbuilding yard, on suspicion that it was intended for one of the belligerents. MAIL SERVICE RESUMED. The Nippon Yusen Kaishu steamers re-open service to Australia and elsewhere. The line ceased running at the outbreak of the war. Coal from Cardiff to Japan ia now covered at 7s 6d per cent.,' whereas it was ten guineas per cent, three months since. War risks on grain from Vancouver to Vladivostok are forty guineas per cent. No quotations are made for Port Arthur. A Japanese loan, at six per cent., for ten millions, is being underwritten in London and New York at 93 on the security of the Customs. THE PETROPAVLOVSK DISASTER. The capture of Niuchwang is contradicted. Captain Arima, commander of the exp'osive vessels, in lecturing at Tokio, sa>d Admiral Togo’s fleet, knowing the position oUhe Japanese