Motorists in Shanghai will be glad to see the announcement that the price of gasoline has been reduced from 80 cents to 75 cents per gallon, while not long ngo it was 00 cents. A comparison with prices paid in Home countries shows that} the local price has been long overdue for a substantial reduction and in this connexion it is noted that the average price in America is 12 gold cents per gallon, so that even adding 100 per cent. on this value' to cover freight, duty, storage and delivery charges, its price in Shanghai should not exceed Mex. 50 cents per gallon, It is fairly well known that the gasoline trade here is in the hands of two companies, viz., the Asiatic Petroleum Ca, and the Standard Oil Ca, whose prices rise ud fall in unison. It is also common knowledge, or becoming 80, that a new company is entering the field and that there is the probability of a large price cut in the near future. For the present, however, local motorists will have to be content with the welcome reduction of five cents per gallon.
Text read from the printed page and cleaned; old type leaves the occasional error.