IDENT Roosevelt to-day Washington, Apr. 24. raised the price to be paid by' the United States Treasury for domestic newly-mined silver' from 71 cents to 77.57 cents an ounce. This marks the second increase this month in the domestic price of the white metal, 7 which was raised by the President on April 10 from 64.5 cents to 71 cents an ounce. The total increase within the past two weeks is thus just over thirteen cents, In his edict announcing the increase, the President said that his action was necessary "in the interests of the United States, referring, apparently, to the recent rapid rise in world prices for silver.
The new price of 77.57 cent an ounce was established by reducing the seigniorage from 45 to 40 per cent. of the monetary value of the white metal, namely, $1.29 an ounce.
Text read from the printed page and cleaned; old type leaves the occasional error.