New York, Jan. 11.
Qualified observers here Washington today were cautious in. commenting on widespread efforts to, formulate a plan under which a huge silver Loan woald be made to ina, Tt was pointed out that China has made no request for a silver Joan and that the International Silver Commission, now meeting in Salt Lake City, Utah, could only discuss ways and ieans of increas ing and stabilizing silver values un-
For several months there has been wide discussion of the silver situation. There have been proposals for an international silver conference. Democrat of great silver producing} headed a Senate commerce committee subcommittee which last} summer and autumn investigated the decline in Sino-American trade and its relation to depressed silver values.
There have been reports that Canada wishes to lend China money for China to spend on Canadian wheat, but publicly Chins, as far as is' known, has not approached any government or banking syndi-sate for a loan. Thus, all di sions of recent days are but efforts to create general interest in the ver situation.
In many quarters it is pointed out that China is not suffering from any lack of silver and that to accumulate further white metal stocks in China might serve only to further depress silver values. The International Silver Commission has approved of proposals to lend 200,000,000 ounces of silver to China but investigation indicates that the proposals come from silver producers who desire to dispose of their product at higher prices and not from the Chinese government.
It is recalled here that several months ago Mr.
Finance Minister of the' Chinese government at Nanking, flatly deniced reports that China was seeking loans abroad.
In_connection with the sessions of the International Silver Commission in Salt Lake City and reports that it had "granted" a loan to China, it is declared in authori tive quarters; that the commission can do no more than approve and urge immediate action on various unofficial proposals that silver be loaned to. China as} art of a plan to solve the situation arising from depressed silver values.—United Press.
Proposals Still Nebulous, New York, Jan, 11.
Americah financiers show marked unwillingness to commit themselves jon the subject of the proposed one thousand million' dollar loan China. In the first place,'as they pointed out to Reuter, the proposals are still somewhat nebulous and it
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