The sale of various kinds of Chinese wine in Shanghai will be brought under the control of a new market named the "Shanghai Wine Market" which has just come into existence at 146 Quinsan Road, Hongkew. Registration of wine merchants was started by the new market yesterday and the procedure will be completed on August 13, after which time there will be no prolongation of the registration period.
An announcement published by the new market in the "Central China Daily News" indicates that the registered merchants will be brokers in the market and although it is not revealed as to how the business will be managed in the market, it is presumed that as is the case of other such markets, the distribution of wine will be centralized at the market with registered merchants serving as middlemen.
The "Sin Wan Pao" reported on Tuesday that the guilds of sellers of various kinds of Chinese wine have notified their respective members urging them not to participate in the market, it being asserted that there was no such need.
Prices of Chinese wine in Shanghai have already jumped recently in lew of the military operations in Chekiang which affect the transportation of wine from the famous wine-producing district of Shaoshing. Whether or not the new market will help reduce prices remains to be seen.
Text read from the printed page and cleaned; old type leaves the occasional error.