Foreign and Chinese merchants have repeatedly expected its price to xo down when the Japanese threaten ed to take Pakhoi og well as when the rumour was elreulated that the French authorities would stop its export Mhrough Indo-China, "but the price went steadily up until afier the fall of Nanning. The market. suffered only a short-lived setback as. the Americans had shipped on 7,000 tons of wood oil from Hankow but during the past few days the price jumped to the unprecedented mark of $130.
At present, the supply. ts. continu ously arriving at Hongkong from Pakhoi, Canton Bay, Haiphong and Macao as the demand is very, igh and, asa matter of fact, singe the European hoatilitis its export has creased considerably. The corres pondent sees the possibility of its pice being further increased as the fall of Nanning will cause Chinese exporters to change the route transportation. © In. Hongkong, there are two Chinese state-controlled fins, tone semicoffcial company, three for= eign rms and more than 20. private Chinese firms dealing in wood oil.
Text read from the printed page and cleaned; old type leaves the occasional error.