New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Japan WANTS
RUSSIA TO PAY
MORE PROMPTLY
And Buyers for the Gar
Criticise Quality of
War Goods

Russo-Japanese trade. which received
a big impetus from the European war
il not developing in a manner salts
factory to either party, according TO
the Yokohama correspondent OF "lne
Iondon Economist" The Japanese
manufacturers are complaining OF de-
laws in payment. The Russians, on the
other hand. have claimed that goods
purchased in Japan did not come up 70
specifications.
Notwithstanding the recent large
influx OF money into Japan, the manu-
fac,urers in that country are either un-
willing or unable to wait an indefinite
time for payments due them for goods
An attempt was made to get over the
difficulty BY floating q block Of 10000
900 yen Russian Treasury bonds In ia
nan but tho underwriters' price was
r.ther low and the loan was prsc-
tically all left on their hands. otner
hotations Of treasury bonds have since
been talked Of. but seem to have come
to nothing. An arrangement whereby
English capitalists were to pay on De-
half Of Russia caused the japanese to
complain on the ground that those
holding the cash were presuming 10
cut down prices and even TO examine
the goods. Whether or not this pro-
test was justified, the arrangement mas
not been worked out far enough 10
overcome the difficulties and PROVIDE
Jananese manufacturers with the quick
navment they require. All Of Japan's
newly acquired trade, it is reported
has been made somewhat difficult oy
this necessity, but in the case OF Rus
STA it has been especially so because OF
that country. inability to finance Its
needs promptly.
japan Also Wants More Orders
Japanese manufacturers are also
complaining Of the procrastination OF
the Russian authorities in ordering
goods. Estimates arc asked for in re-
gard TO various war requirements. but
the morths go by and the orders DO
not come. There is not even q reply to
the offer TO underwrite another loan.
In some cases Japanese manufacturers
hay. set up plants In anticipation OF
such orders, AMI are beginning to fear
that American competitors will secure
them.
Russias delays are partly explained
by the frequent experience that Japa-
nese goods have not come up to the
specifications. In the case Of woollen
cloths and boots especially there have
been reflections in bulk owing, 1t Is
said. to inferiority Of quality. The
situation. in fact, suggests that Rus
STA is not anxious either for japanese
goods or Japanese money unless both
can be supplied in large quantities
quickly and strictly according to speci-
fication.
Japanese manufacturers are said to
have achieved what were for them
prodigious results in the increase Of
their output, but the quality Of goods
they are able to produce does not show
up in large bulk alongside Of Russia's
total requirements.
Marked weakness in Russian ex-
change yesterday was accompanied by
rumors that the negotiations between
New York bankers and the Russian
government for a s50,0O0,000 unsecured
dollar loan had been dropped. This
was denied by members of the syndi-
cate which has under consideration a
public offering of the loan. They de-
clared that there has been no hitch in
the plan and that the formal details
may be announced early next week
1t was admitted that the whole $50
100000 may not be included in the first
offering, but that the pending arrange
ments with the Russian government are
for that amount Rubes got as low as
1880 for checks and 29.7O for cables
yesterday. The normal par of the
ruble is 5l.2 cents.