Evening star., 1933-02-15
All Former Premiers, Men,
bers of Imperial Family
and Other National Figures
to Confer on Problem.
STOCK EXCHANGES CLOSE
AS PRICES FALL RAPIDLY
Matsuoka to Leave Geneva About
Feb. Is as Toxic Abandons Eff
forts to Conciliate Manchukuo
Question; Turning Point in EN-
pire's History Seen Imminent.
9y the Associated Press.

ey the Associated Press.
TOXIC, February 15.-Japan
served notice today that 1t has
ceased negotiations with the
League of Nations in the Man.
churian dispute, but its antici-
pated withdrawal from League
membership was not expected for
about a month.
The Toxic Stock Exchange was
closed at noon today and those OF
Osaka and Nagoya also were shut
down owin. to a severe slump in
prices caused by indications OF
increasing anti-JapaneSe senti-
ment at Geneva.
It was learned on high authority
that the government feels with
draWal from the League would be
the turning point in the empires
history. Before the ultimate deci-
sion is made, the Council OF
Elders, the nations highest dis
tinguished personages, the heads
of branches of the imperial
family, and all living ex-premiers
will be summoned for consultation.
Matsuoka to Leave Geneva
Yosuke Matsuoka, who has been
Japan,s special counsel during the long
debate over Manchuria before the
League, cabled the foreign office today
requesting permission to leave Geneva
soon and to return by way OF the
United States.
The foreign Office said he would be
cranted this request as soon as the
League Assembly disposes of the Man
churian question, which was expected
to take place by February 25 at the
latest.
Matsufoka would have no official mis-
sion in the United States, the foreign
Office stated. It was known, however
that he intended to go to Washing
ton, hoping to see Mr.. Roosevelt OF
other leaders of the new adninistra-
ton shortly after the inauguration.
Although the League has left the door
to Cancellation in the SinO-Japanese
dispute still open theoretically, the for
eign Office announced Japan would have
no further concessions to offer and
would stand firmly by its determination
to maintain the government OF Man.
chukuo In the territories wrested from
Chinese control.
Slump in Stock Market.
The League report on Manchuria, in
which 1t is proposed to reassert the
principal of Chinese sovereignty in that
territory and non-recognition Of Man
chukuo, will be met by japanese
counter declaration.
There has been steady slump ir
the stock market since the League
crisis began developing in earnest
Averages have gone down 80 per cent
since the first of the year.
A selling food continued this morn.
ing. Therefore the directors, during the
noon recess, decided not to reopen II
the afternoon, ostensibly to give broker!
time to adjust their bookkeeping.
The markets blue ribbon stock
textile industry in the Orient, CLOSED
at 1853 yen, 26 yen below Tuesday.
closing. CThe yen is equivalent te
about 81 cents) Since February 10
kanegafuchi dropped 49 points. other:
leaders slumping proportionately.
First Council in Decade.
Past and present heads of the
privy council and the army and navy
were also expected to join other ma.
tional leaders in the special council tc
discuss the plans for withdrawal from
the League. Such a council has no.
met In the empire for a decade.
Among those being called to the
council would be Admiral Count Heiha.
chiro Togo, the 85-year-old hero of the
Russian war; Marshal Baron Uyehars
OF the army, and the venerable Prince
Saionji, who is consulted only in times
OF serious crises
Such council is comparable to ths
Council OF the Genrow, which was the
highest seat of power in the empir,
until the passing of the great figure.
Prince Yamagata in 1922 and Prime,
Matsukata in 1924, leaving Primo,
Saionjt the sole survivor Of that body