Show f JOPE PE SEEN IN GOlD SilVER DIFFICULTIES TIES International Developments Developments Devel- Devel Raise Optimism in Washington Dy Dr THOMAS mO L. L STOKES United Fresi St Staff tl Corr Correspondent WASHINGTON July 24 Current 24 Current 1 developments development seemed to hold some promise of oC balance in the toy MI the ill adjusted arId orld's R gold old Id and nd silver sHyer both of or which in the depression re e e factors actors The Te e problem with gold Is the con con- of or the bulk of or the worlds world's in two countries the United ates tes and France Francc Economists say is js strains strain other nations natIon in keeping the gold standard With silver sUver it is the low price HI nl feet feets of oC the depressed price are arc arelL It lL by silver sliver mines many of them the west west and by China which isi is 15 I i a sliver silver basis basis To the low price attributed the drop In Chinas China's puri pur pur- i ues IUS ts which in turn affects the AT Y DRAW GOLD Treasury officials are hopeful the mk ink of England's In increase create in It its recount re re- count from 2 12 2 to 3 12 2 per cent 11 JI attract the gold from the United Unit ates ate This same ume end was vas sought in fn reverse manner when the thew w York rate was lowered some somene ne ago to ro 1 l 2 1 2 per cent Economists believe the sliver silver sit sit- tion may be helped by the proposal the German government to coin in silver lich tich will require large outside pur pur- ases and the proposed floating of ot loan by the Indian government in igland giand to ro check the sale of sliver silver India The Indian government governments s been feeding silver stIver on the world arket incident to establishment of ot rold oid ld exchange b basis ls there and this held responsible in many quarters r the price of the mc metal l. The rhe Bank Dank of England's higher re- re rate Is designed t to break up o of or gold in the States and to prevent further of or gold from England to The action was t taken en with withe withIe Ie e knowledge of or the United States federal reserve e system which will keep the rates here at their low level Gold has hs piled upon gold in the United States in a wa way far beyond yond the Imagination of fabled King Mida Mi das du The domestic supply today stood at nearly half of or the worlds world's supply a federal re it serve report announced Frances France's Fran es e's total total total to to- tal stock tock is 15 |