Situation The Settlement. authorities. are- to. be asked to establish what is termed "Commodity Price Discussion for the purpose of reducing the prices of many commodities which are not affected by the foreign exchange situation It is stated by the Chinese press that the man who has made such a timely suggestion to the authorities is a merchant named Sun. He is said to have proposed a detailed plan of registering commodities in Shanghai with a view to readjusting the situation on a reasonable basis.
During the past few days, editorial comments made by the Chinese press here indicated that there has been strong opposition to the sudden increase of prices of many commodities and it has been pointed out that more than 20 Chinese business concerns advertised an increase of prices on a particular day. It is alleged that most of them are not affected by the foreign exchange market at all. Profiteering is discouraged it being explained that unreasonable increase of prices Will do no good to merchants in the long run for it reduces the purchasing power.
Text read from the printed page and cleaned; old type leaves the occasional error.