Shanghai, May 26, Mr. Wong Yih-ching, believed to be a comparatively well-to-do merchant from one of the river ports, was kidnapped from room 311, Grand Hotel, Vu Ya Ching Road, shortly after 10 aim, yesterday, when three men, one of them armed, forced their way' into the room, giving him alternative but to follow them toa ear which was walling in front of the hotel_and" which" subsequently sped away in a westerly direction.
Mr, Wong arrived in Shanghai on May'7, to attend to some business and to consult a physician. He was not believed to be wealthy and the motive for the kidnapping is therefore puzzling detectives from Louza police Station who are now investigating the Thid iz a daily scene in the "North-China Daily News" scramble for the midday Merchants Warned Over Prices Shanghai, May 22
A strongly worded appeal has been tasued by the, Chinese Chamber Commerce in: Shanghat to merchants Srging. them to reduce prices inthe fne at unprecedented difficulties ex: perienced "by the populace here "in fonintaining thole ivclinosd. explain ing that ilegotten fortune never does fny ood, while to Increase sies by Feclusing profits should be the guiding Drineipe of alt merchants at this time. the concluding paragraph of the statement itis stod that aimeaties enulling from the high cost of living fave already' been brought. tothe Former Teacher Shot In Concession Shanghai, May 23, Loh Vu-tsou, 30-year old former Primary School teacher, was shot and seriously wounded in the chest by an unknown gunman at the corner of Rue Massenet and Rue Moliere at 5.10 pin. yesterday. A Chinese suspect was arrested by a member of the French Police who was attracted to the scene of the crime by the shooting and who arrived in time to capture the suspect who was running away. Up to a late hour last night the arrested man denied having anything to with' the shooting. The wounded man was taken to the Ste. Marie Hospital where his condition is reported to be dan gerous. attention of authorities of the foreign areas here, and that if merchants stilt think that they can flout the auth= orities they will have to take the Consequences. "It is not too late to repent" now, the appeal states.
The Chamber's appeal, which has been widely circulated through Chinese news agencies, reviews the whole price situation here, with " special emphasis on the recent Muctations in the foreign exchange market. Those merchants who Increased prices im= mediately afler the recent fall in the Gollar bit refused to reduce prices fater the dollar had recovered are strongly criticized.
It Is pointed out that most of the commodities sold here are of motive origin and that any change in the foreign exchange market does not completely upset the price situation. Prices of imported goods which reached Shanghai before the exchange change should by no means increased.
While the country is facing a crisis unprecedented in lis history and its Deople are experiencing un precedent fa sufferings, can those merchants Who seek self-enrichment at the ex~ pense of the flesh and blood of their fellow countrymen be classified as human beings?" the Chamber's appeal asks. Readjustment of prices of daily necessaries, and those of imported goods is strongly urged, and hoarding discouraged.
Text read from the printed page and cleaned; old type leaves the occasional error.