Washington, Dec. 31.
President Roosevelt issued a proclamation here today continuing at 6464 cents per ounce the price the Treasury Department will pay for the next six months for newly-mined. domestic silver.
Continuation of the current price was in-accordance with the recommendation of the Secretary of the Treasury, Mr. Henfy Morgenthau.
Meanwhile members of the Congressional silver bloc, mainly westerners, warned that any reduction in the current price would cause a revival of the controversy over the Administration's monetary programme. The current legislation on price fixing expires six months from now. Western Congressmen are expected to introduce new measures in Congress before them.
Continuation of the current price newly-mined silver indicated the does not intend to reduce the price it pays for foreign metal, which at present-is 43 cents per ounce.
Critics of the domestic purchase programme contend that a price of 64.64 cents represents a subsidy of more than 21 cents over the world price of silver, and they argue that the programme has failed to achieve promises made by its sponsors. These promises included the prediction that the policy would stabilize commodity prices - monetary readjustments.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.