Experts said that the alternatives facing the Treasury at the present. time were as follows:
To abandon the purchases entirely. which would irritate the members of the silver bloc in Congress, as well fas causing the Treasury a huge loss land probably precipitating an inflation [battle in Congress, when the Jan-jury session opens; "To withdraw from the market temporarily, which would "break the rice and only delay a "show-down:"
To continue the present policy. Jwhich "loral_ experts bell love would play into the hands of British in-
The Secretary refused to reveal! where the purchases had been made.
Treasure Acquirements 'Mr, Morgenthau said that he was unable to sonss the failure of the ce American Treasury to support the' [London market, He announced that} the Treasury. since December, 1933, nad acquired 761,774,000 oz. of silver. The figures represented purchases up tovand Including December 6, 1035.
Since June 10, 1984, he revealed, the Treasury had purchased $01,000. 1000 oz. Newly-mined silver bought the "Treasury totalled 56,043,000 oz. jand the nationalization decree had yielded 113,031,000 02.
Mr. Morgenthau's disclosure that the United States had shifted the [centro of operations of the silver pure chases from London to all world markets increased the belief of finan-lal experts here that the manceuvre had international motives.
Opinion was divided, however, as to! whether the object of the move was -avold the purchases of silver, smuggled from China or to break the influence of London speculators on the
Text read from the printed page and cleaned; old type leaves the occasional error.