Mr. Sugiura, one of the leading Japanese merchants in Vladivostok, is reported to have suspended payment.
tated that Mr. Sugiura suffered Torses ow account of the Russoyanese war, he failed to collect his bille before leaving for Japan upon the outbreak of hostilities. On restoration of peace he reopened office in Vladivostok, wud then hiv Rassian creditors demanded payment. An arrangement was made to compromise debts aniounting to Y. 100,000, by payment of Y. 50,000 one-half at fence and the balance in y ments, Mr. Sugiura, hower find the Y. 25,000, required, property was attached. His to Japanese creditors are estimated at as much as Y. 190,000, including 10,000 due to the Japan Tea Export Company of Kobe, The Osaka Shosen Kaisha has cancelled Mr. Sugiura's appointment as the agent of the Viadivortok—" The Japan
Text read from the printed page and cleaned; old type leaves the occasional error.