The Archive · 1940

Heavy Losses

During the frst cheap sale por 102,196 bags of broken Saigon rice were distributed. "Ili this sale done, the committee which solely. depends fu public generosity for existence: ost more than $700,000, During the second period, about 10,000 hoxs of the grain wore sold at a loss of more than $200,000. "The Committee ree ly announced that having no more funds at its disposal no cheap sale other than the present one will be held.

'The latest decision to continue the' cheap sales is announced at a most opportune moment. since the Chinese press is again urging the authorities to poy attention to the steady prices of various grades of ree during the past tow days. Reminiscent of the great confusion in the rice market a few weeks ago, the price of the first grade rice touched the $01 mark on Tuesday, creating auch uneasiness in Chinese "circles Prices. of pork and coal bolls have also zone up. Pork is being sold at $3 er catty, the record price so. {ar Quoted since the establishment of the Shanahal Live Stock Market io Irons.

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

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