JAPAN'S POST-WAR TRADE

Thames Star, Volume LII, Issue 13932, 10 July 1919, Page 3

JAPAN'S POST-WAR TRADE

i SHIPOWNERS AND IMPORTERS' j - , LOSSES'. ■• i Finainiciial cioinditiioinsi im many industries in. Jaipiain have, xunderg'o'ne 'shiairjp ta'amsformiartdoia sinicie the termination, of initenniaitionial hositdlditfios. It its stated in a British aoaisulair: re. poirt that in Osaka,- prkDnmiiient sliiji* owners amd ■ .dmpo'rtea'Sf.. '• tioitaibly. o£ ' iiioai and-stieeil,/dyes,■'.aind chemiicials. hiaive sustained such serious losses a<v . to be on' (the verge of bankruptcy Moisit of. tii©-■•iromi and steel merchants .[have "cub their losses".:; by Kielling 1" j back the goods they had ordered om, I the AnnoKoaai' marked, which was less ' i pattifickythiam the Jajpamesie. The troiv , bl.ey hOTveven.", is most seuii'dus withi j §^aal mtein: >v?ith no. outside resioiuircefs. if ' .tihey; ■. aire,'allowed tot gk> bamik,''ruipti; ,am<i seill"vijt, ituiaitoansi loe?isßs_ani a , falling iinairket, ithey wiE affeoti Ttha ''■ .' dmlers juist a;bbve itheai^ who mil' 20,' ttooi, and •the'ii: ai.pianiic toa,y b© o'aitused. . Big dealers'are said tew be forraiiTigl a. ilinpj'fe' take ow the ' stocks of the sir,al men and ■po.-wenib thei goodsybeiinl<* .tbifh^ om the raia,rkeiti, llhe ve>- ] poirifc.ad&vt%it?' a.-packl ahead is siaa.i jt© be. the \ deillvery of- shiips now ot ( the = gtibcks, t-which haiv© been conltlriaict--1 ed foa' at oiver £70 a, toini. A leiadb'iiir eh:[p..avmeor .has,, under, exisitling ocmi-ta-aicitls, to.take'-.delivery with in the next few months of hiailr a. dozen ships ,cif 10,000" itcinisi at a pa-ice of oiror [ £70 pct 1 toil diefld' "vr'aicsliib. Tli,ei present • itilarkeit. value (if such m basis esasfcs) [is about £30 per ton/No. dombiti the' diauiger wll be meit. by a. dompiromiise, but the prtiblfcani is a. sei4oiuig one. ■