Causes Perplexity in} London Washington, June 28.
The Department of the Treasury! Senate had approved a bill repealing set the price of foreign silver at 49 cents an ounce yesterday after the the foreign silver purchase act.
The former price paid by the Government for foreign silver was 43 cents an ounce. The Senate vote did not repeal the foreign silver purchase because the repeal bill has not yet been approved by the House of Representatives.
Treasury Dep ection in to renew} President Roosevelt's power to de-§ value the dollar. They said the action ved a club useful to ihe United States in international dealings.
Treasury experts insisted they never intended to use the devaluation power in an effort to manipulate domestic economy, but merely to} protect the United States from a currencies, possible cheapening of other foreign
They said China would not suffer if the House of Representatives also approves the bill repealing the silver purchase act. They said China no longer has much additional silver to sell.—United Press. i}
Text read from the printed page and cleaned; old type leaves the occasional error.