Few Boats Arriving and Hoarding in Progress The price of rice in Shanghai has} again gone up, and the Shanghai District Magistrate is taking stey to prevent it soaring to such extent that it will cause suffer to the poor.
Yesterday prices ranged from $11.50 to $13.40 for the best rice with the poorer grades slightly cheaper. With rice going up in price and the copper coin depreciate ing the poorer classes are suffering considerable amount of hardship.
Investigations have been made to ascertain the reason for the rise and it was revealed that it is due to the fact that few rice boats are coming in to port while certain merchants are apparently hoarding the grain for profit.
Apart from issuing orders Lidding this, the Shanghai Maj trate has called a meeting of the local rice merchants to discuss the situation and devise means to] remedy it in order to make due provision {9 the sustenance of the] People.
Text read from the printed page and cleaned; old type leaves the occasional error.