Tokyo, Apr. 11.
Owing to a combination of number of factors, including waning specie reserves abroad and the slump in London silver quotations, the Tokyo stock market suspended its sessions this morning and afternoon for the first time since the financial panic three years ago.
The Finance Authorities that the position is not serious Mr. Kyucho Hijikata, the Governor of the Bank of Jay view, adopted a pose attitude and stated that in ion the action taken Cly the stock-market reflected the general economic con: ditions in Japan, Apr. 1 of socsions yesterday the Tei Exchange resumed t riy thi morning. The market was inclined to be frm.
The suspension of trading yester Gay was the result of a mad bear raid, which is regarded in some quarters ax a deliberate attempt by Cistressed stock operators to att Public attention to the recent re-Cuiced level of stocks! prices, hoping thereby: to induce the ament intervene and thus artificially late values. It is not believed, that, the Government contemplates taking any such All the leading newspapers print editorials this morning concerning the trouble which has arisen in the mill-industry through the thirty per cut. wage-cut instituted by the Kancgafuehi Cotton Spinning Com Pany. They appear to be unani cus in attaching serious importance to the present labour trouble, ich is taken as indicating the ing social condi in this country. Sympathy inclined to be with the employees; though the necessity for mutual [compromise is emphasized.
Owing to inquiries from London Jand elsewhere regarding yesterday's suspension of the Stock Exchange, it is understood that the Bank of Japan has cabled explaining that investigations indicate that the suspension was due to private manipulations and that it had no relation to general economic con-jons.—Reater,
Text read from the printed page and cleaned; old type leaves the occasional error.