Tokyo, Nov. 11.
With confidence restored by indications that the stringent provisions of Article XI of the National Mobilization Act would only be midly invoke ed, the Tokyo Stock Market rallied sharply today. Gains of from YA to Y.3 were registered over an extended front which included textile, shipping and iron manufacturing issues.
The selling wave yesterday full, caused a hurried conference today between representatives of the Ministry of Finance and of the National Planning. Board. to work out a compromise acceptable to Japan's business men.
The war-time legislation provides fcr government control of business promotion, dividends of business c: parations and funds of various forms. including banks, trust companies and insurance companies.
Under the compromise being worked out, it was understood, the controversial article will be worded in such phraseology as to preclude the possibility of hampering the expansion of productive capacity and depressing business enterprise. Fears to this effect were voiced yesterday by the Finance Minister, Mr. Seihin Tkeda.
Text read from the printed page and cleaned; old type leaves the occasional error.