Washington, Sept. 20.
Senatorial silverites to-day understood that the Morgenthau-Phillips conferences will likely consider the world silver price in relation to the China crisis and the scheduled termination of the London Silver Agreement in December.
One veteran Senatorial silver enthusiasm, after conferring with Treasury officials, said he personally foresaw the possibility of an increase in the world price due to a combination of domestic and foreign political factors.
The Treasury, he said, might discontinue paying a separate and higher price for domestically mined silver after the new year. In this event, Treasury would present internal price, thereby affording domestic miners a continuation of the current rate.
This manceuvre would be made for the purpose of discontinuing the appearance of a bounty to miners, a project which is politically unpopular in the non-silver sections of the country.
The world price increase would benefit China, which is now exporting large quantities, He suggested that British ce-operation would be necessary in order to prevent India and others from dumping huge reserves at the United States' expense.
It was recalled that the United States curtailed its large world purchases two years ago due to the fact that the Japanese were dumping silver smuggled from China. It was contended that large purchases then injured China but similar purchases now would benefit that country.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.