Osaka, April 29. _In consequence of the financial situation a scheme for establishing a large department, store in Osaka with a capital of Y.90,000,000 has been abandoned. It is likely that many other new projects will also be abandoned owing to the impossibility of raising funds.—Reuter.
Tokio, April 29.
The knitted goods' manufacturers of Tokio have decided to close their factories until June 30 in view of the depressing condition of the market.—Reuter.
Osaka, May 1. The economic outlook is still uncertain. The end of the month de-} liveries and settlements of stocks and yarns and other commodities experienced difficulty, but not so much as had been expected. Settlements of outstanding accounts on the Osaka stock exchange are proceeding, but it is uncertain if it will be possible to open the market on Monday.
Sampin deliveries have been _comparatively few because most of the April accounts were converted to future months.
Deliveries of spot yarns experienced the greatest difficulty as buyers of yarns were in the most pitable plight, owing to the collapse of prices. Among the leading dealers all deliveries were taken. but the smaller merchants, especially those "in provincial towns, would not take delivery.
As between spinners and jobbers, the latter were anxious that delivery should be postponed.
The banks are adopting an tremely conservative attitude, and merchants are unable to secure reasonable credit accommodation. Withdrawal of deposits from private hi ks continue to be heavy, necesating increased loans from the Bank of Japan, the Osaka branch of which on Thursday showed an unprecedented future for loans, namely, Y.161,600,000.
So far failures have been practically nil, although it is uncertain what the morrow may bring forth.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.