London, June 17.
The "Times" New York correspondent telegraphs, "It is reported that the Treasury will modify the regulations for the purchase by the Mint of silver under the Pittman Act so as to permit the buying of mixed silver. Silver reduced in the United States from foreign ores will be bought at market pric and American silver at 1 per Pittman Act Purchases of Silver Washington, June 22.
The Director of the Mint announces that a further 1,700,000 ounces of silver have been purchased under the provisions of the Pittman Act, at $1 an ounce, for delivery at Philadelphia and San Francisco. This makes a total of 3,200,000 ounces acquired by the Government under the Act this month.
Treasury officials estimate that altogether 207,000,000 ounces must. be purchased.' It is not expected that the Pittman Act will cause an increase of prices, because there is but little demand' for more labour.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.