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printID457
Full referenceOther People's Business (1924)
TypeJournal article
TitleOther People's Business
Year1924
JournalNorth China Herald and Supreme Court & Consular Gazette
Start page39
End page40
LanguageEnglish
Keywordsopinion; market report; institution; national government; bureau; economic information; price index; merchant; wholesale; psychology; tobacco; wine; grape juice; luxuries; guohuo; quality; Shanghai; China
Abstract

Observes the misunderstanding with regard to the Treasury Department's Bureau of Markets, established by the Chinese National Government in 1919 (and not connected with the Shanghai Municipal Council Revenue Office), in charge of compiling the monthly index numbers of wholesale prices in Shanghai and publishing the monthly "Shanghai Market Prices Report". Then summarizes the general lines of the recently published report covering the period April-June 1924 and particularly pointed out the increase in the prices of wines due to market instability, the new tendency in studying the psychology of business (sales), the decreasing sales of handkerchief, seasonal effecs, and more significantly, the growing consumption of Chinese-manufactured products (towels, cotton shirts, underwear, matches), now able to replace foreign imports, with three notable exceptions, however - timber, coal and metal products. Concludes by congratulating the Commissioner of Reports for publishing such a useful adjunct to the Customs publication, and for placing it at the disposal of large business houses, schools and other institutions both in China and abroad. 

Note

North China Herald and Supreme Court & Consular Gazette, January 12, 1924, p.39-40

The article suggests that the "Shanghai Market Prices Report" is a rich source for documenting the classification of products and brands. The article itself offers insightful remarks regarding the categorization of certain products (questions the right of grape juice to come into the category of wines) and the very notion of luxuries, as well as the moral assumptions or cultural values attached to these products (condemnation of the Chinese taste in tobacco)

Actors

  • Chinese national Government
  • Treasury Department (Chinese national Government)
  • Bureau of Markets (Chinese national Government, Treasury Department), est. 1919
  • Commissioner of Reports
  • Shanghai Market Prices Report
  • Shanghai Municipal Council Revenue Office
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NCH1924Jan12-39_PublicOpinion.pdf (134.23 ko)

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