SILVER DUMPING.

Wairarapa Age, 15 June 1931, Page 5

SILVER DUMPING.

COMPLAINT BY AMERICAN SENATOR. INTERNATIONAL CONFERENCE DESIRED. BRITISH POLICY CRITICISED. (Received Sundav, 11.30 p.m.) WASHINGTON, June 14. The State Department was said on Saturday by Senator Wing (Democrat, Utah) to have received unfavourably a suggestion that it request Great Britain to stop the sale of silver at less than fifty cents an ounce until after an international silver conference. Senator King, who urged the demonetization of silver throughout the world, expressed his confidence that such a conference would be called were such a request made and Britain acquiesced. He contended that Canada, Mexico and the United States would join her end silver would be maintained at that price. The Senator declared that the action of Britain in dumping Indian siiver upon the market was largely responsible for the rapid decline in [rice during the past two years. “If England persists in the policy of dumping additional silver on the markets, a further decline will follow,” he said, adding that an effort was now being made to prevent an international conference being called. President Hoover, Senator King said, had indicated that he would not call a conference because of opposition in some countries. The people of Canada “do not support the views of the British Government,” the Senator stated. He added that it was certain that Canada would attend if such a conference were called.