New York, Feb. 21.
The failure is announced of the firm of Herrick & Bennet, stock—brokers.
The firm attributes its suspension to heavy unauthorized speculation by certain of its employees, and -also the failure of favoured customers to cover their margin of -calls.—Reuter.
The American Duty on Japanese Silk Tokio, Feb. 21.
Officials of the silk piece-goods: guilds held a conference on Sun—day, at which it was resolved to memorialize the Government regarding the proposed 60 per cent. import duty in the United States von Japanese silk piece-goods, asking that the Ambassador in Washington should be requested to adopt proper measures. The resolution urged that the present duty of 45 per cent. is sufficiently high, and that any higher rate would prove ruinous to many of Japan's sills trades, especially in pongee; and the Government was requested to give the matter serious -consideration.—Reuter.
Japanese Silk Subsidy Tokio, Feb. 23.
The Government has decided upon concrete measures for relief +o silk reeling industry in Japan, by which raw silk purchased in future by the Teisan Gaisha is to be compensated for its loss by the Government within the limit of Y. 30,000,000.—Eastern News Agency.
Japanese Business Funds in China Tokio, Feb. 22.
An extraordinary general meet-ug of shareholders of Toakogyo Ca, was held this afternoon, at which it was decided to issue debentures to the amount of Y. 5,000,000 to be used as business funds in China. These were taken up by the 17 banks which represent Japan on the new Consortium to China.—Eastern News Agency.
Text read from the printed page and cleaned; old type leaves the occasional error.