The Archive · 1937

Well in Hand

Price of Rice Reduced After Arrival of New Crops The price of rice is reduced today from $1450 to $14 following the arrival of new grain in the market. The Food Control Board, which fixes the quotation, is reported to be still trying to effect a further reduction, According to circles close to the grain industry, the total grain stocks in Shanghai consist of over 100,000 shih of rice, 1,500,000 bags of wheat and 50000 bags of flour. These figures are not final, since the compulsory registration of stocks enforced by the local Food Control Board is still in progress, The food situation as a whole is regarded to be well in hand of the Chinese authorities, who have received reassuring reports of bumper harvests from many of the rice-producing areas in the country. Meanwhile, rice boats continue to arrive The crew of the C2 now assert that they recognize Major Troncoso as the leader of the boarding party.—Reuter.

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

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