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Show GREED FOR GOLD CAUSING TROUBLE LONDON. June 24. (Correspondence (Correspond-ence of the Associated Press.) Greed for gold has reached such a stago in London that Scotland Yard has organized organ-ized a special department to check Illegal Il-legal trafficking in British sovereigns. Gold coins of tho United States are also at premium, a $5 gold piece bringing bring-ing about $5.50 if sold to a jeweler. A sovereign in value and usage corresponds cor-responds to the American $5 gold piece. With gold at a premium, the supply rationed and the demand for jewelry abnormal, because of high wages paid munition and other factory workers, tho temptation of jewelers to use gold coins In their work has become greater great-er than over. But little gold reaches tho banks of England in the ordinary course of business. Because of the scarcity of gold in circulation an Individual tendering ten-dering sovereigns is likely to be looked upon with suspicion unless he has been identified. Scotland Yard officials say that thero was, and is still, a considerable quantity of sovereigns hoarded 'bp people peo-ple In various parts of the country. War loans havo brought much of the former hidden treasure to light. Seven Sev-en hundred sovereigns were found recently re-cently in the wreckage of a houso struck by a bomb during a German air raid in London. Jewelors who have been engaging in the illicit buying o"f coins have been using the gold for wedding rings, the manufacture of pins, for plating and various articles In their trade. A sovereign sov-ereign makes a ring, for which the Jeweler charges anything from $7.50 to $10. While thero is no ban on the Issue of gold In England bank customers can only obtain It for certain specified purposes. |