Week-end The report went on to state that with the fall of the Shanghai stock market in May, a sharp decline in Wholesale. prices on the commodity markets. followed, Consequent nervousness on the part of speculators Wasa discouragement to hoarding and tended to improve foreign exchange rates. It was reported that a number of cotton yarn firms, cotton weaving factories, native exchange banks and. private speculators stock, commodity and foreign exchange, have failed. Market prices of colton, cotton yarn, cotton cloth, sill, cereals, sugar, tea, paper, etc, have declined in varying degrees.
Retail Prices: Lag The rally of the New York and London cross rate on June 8 it was stated, resulted in a considerable improvements on the local exchange Fate of the U.S, dollar. Retail prices however, did not show a correspond-Ing improvement.
Dealing with the cost of living of Western foreign salaried employcest seize a large quantity of narc in Shanghai for June, the report recorded a slight increase in the consolidated index of the cost of living, fan increase of 023 per cent, over May. The general index for the American community was 140.23; British 14784, Russian 151.68 and other nationalities 14931, " against 145.60, 145.83, 152.07 and '148.74 in /May respectively.
Among the group indices and applying to all the nationalities, the food group showed a slight decline while the heat, light, water and re-{rigeration group showed the heaviest increase. 'This was due chief to the rise in water and electricity rates the Settlement, Taking the reiproeal of the June consolidated index to indicate the purchasing power fof the' dollar, this has been reduced by 93:24 per cent, in June compared with the base, October, 1939.
Further Rises Shown, 'A comparison of prices ruling dur-jing the last week in June with those Obtaining in' the first week of May When prices were raised consequent fan the drop of foreign exchange rates on May 2 indicated that of the 194 {tems Included in the index, exelud-Ing seven in the rent group' and five ems out of season, 70 items or 3 per cent, have shown further prices; 48 items or 24.74 per cent., remained stationary and 70 items oF 3608 per cent. have shown decreases.
Shanghai, July 2.
Because his wife was confined in a mental hospital in Minghong, Mr. Nichols Natochi, 35, a Russian watchman, attempted' to commit suicide by jumping into the river off the Customs Jetty at about 8 p.m, on June 30, The young man was pulled out of the water and sent to Ste. Marie's Hospital, where it was believed that he would live.
'A. young Chinese took his life on June" 30. when he jumped off the Sun Company Root Garden soon afler 11 pin. The body, crushed beyond recognition, was" removed from the pavement in Lloyd Road to a mortuary.
A Chinese couple of poorer class attempted to commit suicide at 940 am. yesterday when they jumped into the Whangpoo from the No. 10 Pontoon. They were rescued and sent to the Lester Chinese Hospita Armed Men Disarm Police Agents Shanghai, July 3.
Two policemen were disarmed cal yesterday morning when they were assaulted by six gangsters in Avenue Haig.
The two. Annamite constable No. 852 and Chinese the French Municip: were on duty In Avenue Haig at 230 am. when they were assaulted by armed Eangsters who ordered them to sur-Fender their arms. When the police refused to do this, the gangsters, armed with pistols, fired and wounded the Annamite in the head. The Chinese constable, although surrounded by the bandits, attempted to disengage himself in order to use his pistol, Dut he. was overpowered.
The assailants managed to disarm him and disappeared, taking away the policemen's weapons, Dealing with the cost of living index of Shanghai workers for June, the report stressed that the general welfare of the community will imrove if prices or charges of the three asia items, namely, rice, coal_bri-Jqueties and' rent are' lowered. These Hems raise the prices or charges of every other commodity or service consumed by the public, it was stated, The report then went on to state that despite the fall of wholesale prices and improvement in exchange rates, the general index of the cost of living of the local workers reach-fed 422.91 in June, showing a further Tnerease of 40 points or 1045 per cent, and breaking the May record of 382.91,
Text read from the printed page and cleaned; old type leaves the occasional error.