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Show JAPAN STORES: BIG OIL SUPPLY TOKIO. June II (Correspondent; of A. P.) Lars stock of ell are being stored la Japan by the navy department.' according to the JUI Shlmpo. The paper explain, how-aver, how-aver, that thla does not mean that Japan la contemplating a naval war. but that tha prospects of obtaining oil In her own and adjoining territory terri-tory have grown so slight that aba has to Import It front America and Borneo. Should northern eghallen fall Into Japanese hands aa a result of pending Russo-Japanss negotiation, negotia-tion, th situation would be somewhat some-what relieved; the JIJI says. On the other hand, oil prospeets In Formosa are not so favorable as predicted. 8lx spsclsl eery lee vessels are engaged en-gaged In bringing oil from California Califor-nia and Borneo and contracts already al-ready have bees mad for th pur-chaaa pur-chaaa next year of tb asms amount that Is being Imported this ysar. |