Show I PURCHASING BONDS The Treasury Department Continues to Buy I at Its Price The Surplus Reduced WASHINGTON Aug 15Again today the bonds purchased by the treasury wero I large in amount being 83883000 This makes the total amount purchased in the lat three days nearly eleven millions For these bonds the government paid about fourteen million by addition of premiums The effect upon the surplus of tho recent heavy purchase is noticable I was i jOOOU ten days ago but his now de creased to about fortytwo millions Repre entations have been made t Acting Secretary Batchellor that i would bo well for the government to advance its buying prices in the face of the largo offerings as otherwise a sudden reaction would be felt which would result in the refusal of bondholders bond-holders to offer t sell Mr Batchellor however takes the ground that as thC bonds coming into the department are offered by firms of tho highest financial reputations and under circumstances which make it manifest that they aro not pinched and obliged to sell they must hare cached the conclusion that it is the best thing t do Therefore he is rather more inclined to lower than t advance the prices and believes that after n few days business on the scale of today and yesterday yester-day no harm would flow i the predicted riso In the market rate occurred a the occur department spell would be ready for a breathing |