AFRICA'S FINANCE
POUND HULL'"’ABOVE PARITY
Hi OH WOOL PRICES
(U.P.A. by Elec. Tel. Cooyright',
CAPETOWN, Jan. I
The official Government, paper, (lie Underhand. of Pretoria. forecasts early legislation in iax mines and exchange speculators’ profits from iLc advantages arising from the abandonment of the gold standard for ihe benefit of wage earners and fanners If expects an attempt to defeai the Government on this issue, winch wid 'only he done by the help of ’' i ra:. 01-s”.
The Nationalist paper considers Ill’s improbable. The Smith African pound is again 5 per cent, above pariiv with Moiling to-day. The wool market is at n standstill ponding the clearing of the position.
Tho first wool sale held since He country abandoned the gold standard was held in Durban to-day, where L--400 bales were off ore T All wol’e sold. Competition was keen and prices vote -10 per cent, hotter than at the closing sale last year.
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Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11826, 6 January 1933, Page 7
Word Count
154AFRICA'S FINANCE Gisborne Times, Volume LXXIII, Issue 11826, 6 January 1933, Page 7
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