Osaka, May 6.
Ail markets rallied sharply today including spot stocks and futures and rice futures. lo it is premature to predict an immediate recovery of the general economic situation, it is believed that the worst is over.
Mr. Toyotard Yuki, one of the Governors of the ik of Japan, ing at a meeting of the Osaonomie Association, characterized the present financial nation as "merely a state of intoxication and not a malady." Mr. Yuki, however, admitted—that a tum of the tide was inevitable {after an extended period of prosperity. He admonished merchants to rely on their own resources without seeking Government assistance and warned them that they must be prepared to lose part of their wartime profits. Mr. Yuki pointed out that the best. way for merchants to obtain financial assistance was to apply to their bankers whom the Bank of Japan was prepared to assist extend the necessary credits.
He also recommended that the members of the Conference should syndicate their resources. Mr. Yuki said that he was confident in the have that the present posits. Under the pressure of de-economic crisis world soon he over mand the federal bank note issue the position was intrinsically the still perfectly sound.—Reuter. gold in its possession is steadily decreasing. _0i 3 re near to the Obviously, we limit of credit exp: nsion which is the cause of the increasing cost of time money and the increasing difficulty of getting it.
Osaka, May The Prefectural Office announces that during April in the Osaka Prefecture alone over 5,000 workers lost their employment and 141 factories closed down.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.