The Archive · 1939

Bewilderment in London

London, June 23.

"I am completely bewildered by the conflicting news from the United States," remarked a prominent London dealer to Reuter today, commenting on last night's reduction of the United States purchase price for foreign silver.

While silver circles generally reward the silver situation as most confused, some are inclined to interpret yesterday's action by Washington as being aimed at bringing their buying price more in conformity with London's, possibly in order to avoid the accusation that the United States Treasury is purchasing above the world price—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account