The Archive · 1941

Rice Prices Drop

Prices of rice sold in the Shanghai Rice Market continued to drop yesterday. since few rice shops cared io buy the highly priced grain with the cheap Hongkong rice already being distributed to retailers, although actual sale of the rice will be conducted in the next few days. The cheap Saigon rice bought by the French authorities here is reported to be arriving tomorrow. The first consignment amounts to 30,000 bags.

It was learned that to offset the efforts made by the authorities to reduce prices of price, profiteers might yet try to reduce their prices to the $95 mark. so that fewer people would buy the official rice priced at $110 per picul, which is at present cheaper than the rice sold in the Shanghai Rice Market When prices of rice reached their peak last month more poor died in Shanghai streets, it was revealed in an announcement made py the Shanghai Public Benevolent Cemetery. There were 802 dead adults. 1139 dead children and 1.466 dead babies picked up from streets during the month

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

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