Present C jy Prices With prices of foreign currencies, including Japanese Yen, foreign shares and gold bars continuing to drop yesterday to the advantage of the Chinese dollar, Mr. K. H. Ling, Chairman of the National Associated Chambers of Commerce of China in Hongkong Road, joined the popular movement started by the Chinese press for a lowering of commodity prices Which have been increased considerably by profiteering merchants during the recent change in the foreign exchange market when prices of foreign, currencies went up.
These merchants have increased their prices on the pretext that their goods were linked with the foreign exchange. At a press interview yesterday Mr. Ling poi gut that those merchants had increased their prices on "stocks already in store." It was not justified, it was speculation, he said. He complained that despite the fact that the price of American currency had dropped merchants were not ready to reduce their prices to the old level.
According to Mr. Ling, public utility companies, unlike private businesses, should be far-sighted but he complained that "their prices and fares also fluctuated with the exchange rate of American dollar as if the currency ju the Shanghai market were counted on a U. S. dollar basis."
To save the poor and small salaried individuals from suffering Mr. Ling Strikers Smash Car,
Text read from the printed page and cleaned; old type leaves the occasional error.