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Show MEDILL MT-ORMICK, Illinois Congres-sman, who does not look for peace j before 1919. ? i i X lit- J I JL;' , Iff 9lk - JAPAN WILL ffflT LET GO OP IOIPPI Negotiations With theU. S. Broken Off; Tokio Gives Out Statement. TOKIO. Saturday, Nov. 17. In a, lengthy statement today, the department of communications com-munications announces that the negotiations negotia-tions with the United States, by which Japan was seeking to have tho American embargo on steel raised to a certain extent ex-tent in Japan's favor, have heen broken off, to Japan's regret, because of the differing dif-fering circumstances in -which the two countries are placed. America's demand for Japanese shipping l in return for the concession would vir-: vir-: tually destroy Japan's European trade, the statement declares, while the equivalent equiva-lent offered was an Inadequate one. Japan's assistance to her allies, the statement state-ment points out. cannot reach the extent of infringing- upon the necessities to her national existence. WASHINGTON. Nov. 19.-Confidence that negotiations looking to the exchange of American sieel for Japanese tonnage will he concluded successfully was expressed ex-pressed hy officials here tonight, despite Japan's apparent refusal to sell her ships at the price offered. The Japanese asked for 300,000 tons of steel, agreeing to charter to the United States an unnamed number of merchant ships. Tn a counter-proposal the United States agreed to release 100,000 tons of steel and offered to purchase outright whatever amount of ship tonnage the Japanese were willing to spare. It offered to pay nbout $176 a ton for the ships, the valuation the shipping board has placed on American tonnage, and agreed that Japan should be charged no more for Its steel than the American government gov-ernment Is pay in jr. Since HhjpB are selling in the open market mar-ket as high ,r $.10 a ton, the fart that Japan considers the price offered for her shi ps too low r used lift le surprise her". Officials who have followed the m-ot ia -Hons said tonight there was litlle doubt that a satisfactory price would be agreed on soon. |