The Archive · 1937

Metal Stocks Seized in Hongkew

Chinese Losses Estimated at $4,000,000

Shanghai, Sept, 23.

The stocks of metals tiered by the Chinese in" the Hongkew " ditriet have been seized by" the Japanese end shipped to Japan, says a special report {0 the Cliese press.

Hongkew district, it may be recalled, used to be the centre of metal trade in Shanghai. Chinese merchants dealing in this line have Kept ample stores in their godowns along the Lay and Chaoufoong Roads, With the outbreak of hostilities, few 1 any of them succeeded in trans-{erring hele. stocks elsewhere, with the result that the materials have! been seized by the Japanese and shipped to Japan for the manufacture fof arms and -ammunitions.

Esiimated. at current prices, the] Jost materials are worth no less than

Text read from the printed page and cleaned; old type leaves the occasional error.

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