Rice fo the bowls of China in reached the new high mark per "zah" in the local Rice Market yesterday despite an ample stock of both the regional grain and the Saigon importation, The soaring of the price caused a general feel of anxiety among the Chinese population, and special measures were being discussed last night to deal with the problem.
In some cases the rate was quoted at $48 per "zah," it was reported from the Rice Market, whose Control Committee hurriedly called a meeting to ly whatever internal remedy was available, Chinese circles believed, however, that only some degree ct official control could avert an aggravation of the situa tic The "North-China Daily learned last night that a s ing of the Food and Fuel Supply Committee of the Shanghai Municipal Council had been called for next Monday to discuss the emergency. This Committee would be in a position to recommend to the Council any ro-medial measures thought appropriate at this time. It may be recalled that the S. and the French Municipal Administration last July approved the following warning to be posted in the Rice Mar sultation between the s and the Shanghai Muni 1 Council and the French Muni-1 Administration, the price, until further notice, of first-grade rice is not to exceed $20 per zah, and the of See Mee is not to exceed $16
"Any prices over and above these prices will not be recognized by the Guilds and should be reported to the
1939.)
("Municipal Gazette," July Japanese Hold up Rice Investigation by the "North-China Daily News" revealed last night that ome 600 bags of rice destined for the Shanghai market had been -held up by the Japanese authorities on the Soochow Creek in the vicinity of the former Government Mint for more than two days This rice is in boats, ready for entrance into the local first of this month the Japan tary have withheld all permits for the entry of rice from the hinterland via the important shipping centres of Quinsan, Wuhu and Sungkiang. The shipment now stopped on the Soochow Creek is rice for which a permit was issued before December, it is learned.
Tension reigned in the Shanghai Rice Market yesterday for as soon as it was opened the price of $46 was called, Seeing that the problem must be tackled quickly, the control committee held a meeting at noon, at which it was decided that actual cargo must be delivered in three days and not 10 in all transactions ket. It was hoped that this decision would discourage manipulation by unscrupulous merchants who may hoard cargo and wait for higher prices. In many s, it was learned, disputes took lace between sellers and buyers when goods were not delivered on time,
Text read from the printed page and cleaned; old type leaves the occasional error.