The Archive · 1924

Wholesale Prices in Shanghai

Bureau of Markets' Index Number

number has' hitherto be pon the, market. prices jen the Inst Wednesday of every. month, Since the list Wednesday.

£015 per cent, [of Huis month falls an he 30th and Tower than the previous month. {it is nett te the end of Chine While if rises 2.6 per cent, "above sear, nearly every Lite of business the corresponding month of last {stops ar. Among. the five principal Thas in che present index mumber higher than befor remain -al chanoul the prices on the fourth at is, the 23rd. as these forebodings and i of the trade in China, The Customs vitality

ence is atvad of all previous re cords, and even if a generous allowance be made for the in-Jerease consequent apon the ap. plication of the effective 5 per vent tariff for part of the period, there is a_net gain of $2,000,000 (£225,000) compared with the record" figures for the corresponding period last. year.... The explanation ple enough. It} in that the Chinese are fast awake ing to the utility of foreign manu. Factured goolls, that. thei of living is. steadily that the demand for farcies ies within the zones of the Treaty Ports alone is saficient to mai tain and increase foreign imports. Tu Ieugo areas is trade and enterprise being to extinction by the chao:

conditions prevailing, but the!

development of littoral verine regions—oontinaes unabated. Tt is hardly affected by the political chaos and there seems to be no limit to its possibilities.""

Text read from the printed page and cleaned; old type leaves the occasional error.

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