AMERICAN SILVER PURCHASES
GOVERNMENT’S TRANSACTIONS EQUAL TO OWN PRODUCTION. (United Prm» Association— By Electric Telegraph Copyright). • WASHINGTON, Aug. 14. Following rumblings of discontent over the Administration’s handling of the .silver purchase legislation the Secretary of the Treasury, Mr Henry Morgenthau, called a Press conference to-day and told the newspaper representatives that the Government had purchased to-dav alone more than 25,500.000 ounces of .silver, equal to last year’s estimated domestic production. He said the purchases would continue. The statement is accepted as a reply to a rumour in world trading centres that the United States purchasing programme had been, or would be, abandoned. Mr Morgenthau declined to give the exact amount bought to-day in the world market. Presumably tlrt silver was mostly bought at London. He also declined to reveal the extent of the aggregate purchases under the Silver Act.
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Hawera Star, Volume LIV, 16 August 1935, Page 7
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139AMERICAN SILVER PURCHASES Hawera Star, Volume LIV, 16 August 1935, Page 7
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