PRICES OF SILVER
CONFERENCE IN NEW YORK CONTEMPLATE D WORLD ACTION NEW YORK, Jan. 1. The New York Times says that a prelude to possible concerted international action in regard to world silver prices was the interpretation placed to-day on a conference between 31 r. Morgenthau (Secretary to the Treasury) and the Maxican Secretary to the Treasury (Senor Suarez). Each was accompanied by an imposing number of experts. 31 r. 31orgenthau, moreover, will give a dinner to the 31exicans tomorrow. It will be attended by Senators known to be interested in the silver question. Considerable discussion has developed here concerning the possible repeal of the Silver Purchase Act, 1934, which some Government experts believe has order to bring about a ratio of the failed to accomplish its purpose. In silver supply equal to 25 per cent, of the gold stocks, the Treasury would [ have to purchase between 1,200,000,000 I to 1,600,000,000 additional ounces of ; silver, and it is questioned whether the ! Treasury is in a position to contem- I plate such purchases.
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Bibliographic details
Wanganui Chronicle, Volume 79, Issue 2, 3 January 1936, Page 11
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172PRICES OF SILVER Wanganui Chronicle, Volume 79, Issue 2, 3 January 1936, Page 11
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