Shanghai's Consumption About 12,000 Piculs Daily: Whence Rice Comes and Reasons for Decrease: Chamber of Commerce Importing from Saigon MONDAY, The local rice situation remains! very grave although the week-end saw various measures intended to relieve it.
'The Chinese authorities are said to be watching closely to prevent illicit export of the grain. Further, apart from the establishment of the official cheap sale bureaux, the merchants are understood to be planning to open similar' depots where rice may be sold, cheap, Ata meeting held during the] week-end, the Chinese General Chamber' of Commerce and the: Shanghai District and Chapei Chambers announced that arrangements had been made to import 100,000 piculs of Saigon rice, they propose to sell at $12 per} picul, the price of the—Chinese rice" yesterday having dropped slightly and standing at $15 to $17 per pid. Even $12, however, dear. The money for the purchase of the Saigon rice will be raised by the three chambers, who will each contribute, we understand, $10,000. 'The Chinese Bankers' Association have promised to. contribute $5,000 and the Native) Bankers' Guild, the Nantao Muni-_ pal Council and other organiza tions in Nantao will also each contribute $5,000. The Cha Chu Tang Rice Guild has promised to! give $2,000. But there will still be a deficit to make up. When' this rice arrives, 16 cheap _sales bureaux will be established wh will operate day and night.
Text read from the printed page and cleaned; old type leaves the occasional error.