Dollar Prices Now No Longer Quoted Japanese shops in Shanghai are on the "yen standard" following. their adoption of the new practice of quoting prices in terms of Japanese currency on January 1, The system, evolved by the In-, dustrial Association, formed by shops along Woosung Rosd and adjacent districts, ig designed, according to Its sponsors, to prevent losses caused by uetuations in Chinese currency.
This declaration, she "Chanchal Wichi-Nichi" reports, has aroused Chinese business circles which regard the move as designed to "Interfere with the success of the new curren laws." The Gulld of Machine-made Goods Producers has appealed to Dr. Wf. H. Kung, Minister of Finance, and Mir, Wu Ting-chang, Minister of Tndustry, requesting them to protest to the Japanese authorities against. the Meanwhile. the "Shanghai Main!- chi" slates, the 'Ta Hsing Land and Trust Association, owning §4 houses at the intersection of Woosung and Yalu Roads, has changed its capital from the dollar tothe yen. basis, The firm Is now capitalized' at 600,000 yen.
"The "Nichi-Nichi" believes that the adoption of the new system will not become uniform for some time. as there are many establishments in the RIY district dealing in articles produced in China, which are easier to sell if quoted in dollars. Many shops, pale tonlzed by Chinese and westerners, fare abo reluctant (0 put the system into effect at once.
Text read from the printed page and cleaned; old type leaves the occasional error.