DRAFT ALLOWANCE

Evening Post, Volume CXXV, Issue 151, 29 June 1938, Page 16

DRAFT ALLOWANCE

LONDON WILL ABOLISH IT

(By Telegraph—Press Assn.—Copyright.) (Received June 29, 11.30 a.m.) LONDON, June 28. A joint meeting o£ the Colonial Wool Merchants' Association and representatives of London wool selling brokers has resolved to fall into line with Australia and New Zealand in the abolition of the draft allowance on wool. The alteration will become effective as from July 12. MARKETS EASIER LONDON STOCK EXCHANGE By Telegraph l'resa A.-El).—Copyright. (Received June 29, 11.30 a.m.) LONDON 1 , June 28. The stock and share markets are easier with the exception of internationals, which have recovered subject to profit taking'. DOLLAR AND STERLING 'liy I'elecraph — I'ress Assn.—Copyright. (Received June 29, 10 a.m.) LONDON, June 28. Sterling exchange, London on New York, 4.9&1. Dollars. June 27 • 4.95 5-8 June 25 4.96 3-16 June 24 4.96 June 23 4.951 June 22 4.95 3-8 June 21' 4.98 3-16 June 20 4.97 3-16 i June 18 4.971-16 June 17 4-971 June 16 fnJi „ June 15 June 14 June 13 4.941 June 11 4.961 June 10 4.95J June 9 4.95 June 8 June 7 4.944 June 3, 4.94 3-8 June 2 aqll'r June 1 i"url"a May 30 May 2 4.9811-16 Si 1 4.96 5-8 i March 1 5.02 , February 1 5.019-16 PRICE OF GOLD 1 (By Telegraph—Press Assn. —Copyright.) (Received June 29, 10 a.m.) LONDON, June 28. 1 The price of fine gold per ounce, » 140s 9d. s. d. June 24 •■ - 140 10 ' June 23 140 9 June 22 140 10 , June 21 140 9 I June 18 .140 10 ! June 17 HO 101 . June 16 140 10 , June 15 140 9 June 14 140 8 June 13 140 61 , June 11 140 7 1 .June 9 JfO June 8 140 5 June 7 140 7 ! June 3 140 9 June 2 140 8 •Tune 1 140 7J ' May 2 139 61 Aoril 1 2 ] March 1 139 February 1 1™ J ; January 3 139 5 i Highest price in 1937, March 6, 142: 71d; average price in 1930, 85s per oz