Washington, June 27.
While no official explanation was forthcoming for the Treasury's action in reducing the foreign silver price, the suggestion has been put forward that it was motivated by the widening of the spread between London and New York, which might have resulted in unusually heavy tenders to the Treasury should the price have remained unchanged.
Messrs, Handy and Harman's official price for bar silver in New York was reduced from 42% cents to 39%4 cents an ounce.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.