Chinese reports state that 20 rice merchants who have refused to place price labels on their cargo despite repeated ' official warnings will be prosecuted in court next week. Official representatives have been sent the Shanghai Municipal Council to investigate the price label situation. Prices are officially required to be shown' in order to enable the buying public to- compare prices and to discourage merchants in profiteering.
The Shanghai Rice and Bean Merchants Association recently met to discuss various measures aiming at preventing business irregularities and the results of the deliberations have completion of additional battleships.
The Senate also resumed debate yesterday on the remainder of. the $1,823,000,000 army supply bill. The bill is expected to be approved this week. f Suggests Mr. Roosevelt "Eliminate Himself"
Washington, May 23.
Mr. Alfred: London; the Republican leader, following: a. luncheon with President Roosevelt yesterday, issued a statement: suggesting that the President. "eliminate himself as a third term candidate" as the price for any Republican-Democratic coalition Government, Mr. London said he-had not discussed the third term question with Mr. Roosevelt except casually: ster sapió ADAE E Hec gret$'he.has no time just now to prepáre political statements, as he is very busily, engaged in problems of far greater importance.
"However," the statement said, "the President is: very grateful to the former Governor for the suggestions contained: in his statement or others been referred to the Council for approval. The chief aim of this meeting was- to fix a time limit for rice merchants to finish their transactions, thus preventing them from speculating The Council, it is learned, has approved of this measure and the Council's reply has been made public in the Shanghai Rice Market. The new regulation requires all rice merchants. to make payments within five days after business negotiations have been completed, and to deliver the rice thus bought after weighing within ten days. By enforcing this regulation speculation will gradually be done away with.
Saigon rice has been arriving here continuously, while the native rice is limited in stock and prices fluctuate around $47 and $50 -per picul respectively. Li "Moreover, the Germans are "con-Lil
suming materials at a tremendous rate, and even if the entire Rumanian oil production should fall without a hitch into German hands, it may be doubted that this production would suffice for more than a short period of this vigorous war.
"The Germans can no longer wait for Russian supplies to be organized, and thus they must win quickly, ior if the war of movement is replaced by a form of trench war, the blockade will be all the more deadly.
"Thus, Italians may well hesitate, for they know that although England may be bombarded, and although the German advance seems and may be irresistible, this Is the type of war the Allies have not only expected but the war for which they felt themselves prepared."
Writing on the same subject, the "Tribune de Geneve" says:—"Pro-
Text read from the printed page and cleaned; old type leaves the occasional error.