New York, Jan. 17.
A strong movement is underway in Congress for a major revision of the Silver Purchase Act, with attention centering on proposals to ban Treasury buying of foreign silver, accord. ing to a Dow-Jones report from Washington.
The movement is supported by many mehnbers of the silver bloc, whu fear that/large scale purchases of for. eign siKer may ultimately tend to exhaust the ready market for the domestic white metal.
Envisaged Rio de Janeiro, Jan. 17 Establishment of a de Janeiro-Washington Axi against extraterritorial influences will be discussed when Senhor Aranha, Brazilian Foreign Minister, goes to Washington next week at the invitation of President Roosevelt, it is stated unofficially here today. Commercial problems interesting to both countries will also be discussed.—
Reuter, Mr. Henry Morgenthau, Secretary of the Treasury. stated at a press conference yesterday that he has not yet been consulted on the Senate proposals to discontinue foreign silver buving.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.