Salt Lake Telegram | 1920-07-22 | Page 9 | Hongkong Holds Stocks of Rice

HOlDS STOCKS OF RICE I Warehouses Loaded Up With Valuable Cereal I II I I i I I I I I I I 1 HO July 22 has been stocked with rice bought for or export and held for a rise In prices even during tho the rice shortage e which has become serious In some Bomo cities of or southern China and other parts part IS of 01 the Orient The mana manager cr crot of ot a big bib commercial firm here estimated estimated esti- esti K- K KJ mated J that ther there J was more than worth of or Saigon long I rice stored In I Recently the price fell rapidly and de dealers lers and exporters found themselves them- them selves loaded up with rice while whilo the banks were pressing for tor the payment I of ot bills Japan wn was not able ablo to buy owing to tho the tightness of her mono money market and It Il was stated that America ordinarily one ono of the largest larg lars est buyers buers of In this market has c ceased sed to purchase because she had obtained a sufficient supply The Tho Dally Daily Press stated that about 75 per percent percent perl cent of ot the rice exported from Hong liong- kon kong goes to Cuba but that supply had been purchased direct from the tho producers Instead of the tho middle man I Note Note Thero There were food rood riots In Shanghai In the latter part of ot June owing to the tho high prices of 01 rico rice there On Juno June 2 29 there thero was only a four our days' days supply of ot rico rice available In Shanghai