OCR Text |
Show SITUATION IN JAPAN. , WASHINGTON" May 4.-With bank3 refusing to make further advances on cargoeB, Japaneso trade is feeling the full effects of the financial situation there and shipping at Yokohama already al-ready is congested, according to official offi-cial advices from Tokio received to-uay to-uay by the department of commerce. Commodity prices have declined sharply, and money Is exceedingly tight despite a decline in banking rates. The dispatch said, however, that no "disastrous" failures had yet occurred. |