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.
|