Steps Taken by Authorities to Quieten Market As a result of steps taken by the Burea of Social Affairs to prevent 'a further increase in the price.of Flee, local cereal markets on Oct. 8 Feported quieter trading than on the previous day, when a 27 per cent. Increase was recorded.
Measures to cope with the situation were decided on at a meeting convened by Mr. Pan Kung-chan, Commissioner of the Bureau of Social Affairs, and attended by representatives of local cereal dealers organizations on October 7. It was resolved that the Bureau' instruct local rice dealers associations order their members to refrain from increasing the price of rice; that the Shanghai City Government be requested to prohibit the ex-Portation of cereals, and that the Bureau detail officials to take stock fof the rice in Shanghs For fear of manipulation by spectators, the Bureau also has detailed officials to the cereal markets to watch the trading, Chinese residents are reported to be hoarding supplies of rice and consequently an increase of 27 per cent.
price was registered on October 7. There are, altogether, 200,000 piculs of rice of various grades in stock, which will provide local Chinese with food for about twenty days, while the umber of rice-boats arriving here from Inland cities remains so far changed, about sixty unloading Average of 200 piculs of rice each per day. The increase in price is, therefore, not duc to a shortage of supplies in Shanghai,
Text read from the printed page and cleaned; old type leaves the occasional error.