Show UI U. US U.S. Sit S. TREASURY SPURNS WORLD SILVER PARLEY Meeting Held Futile Metal Price Drops 2 More Cents By Associated Press W WASHINGTON Dec 20 20 Suggestions that an international international silver conference be beheld beheld beheld held have failed to win favor among high treasury treasury- officials They feel such a a. meeting would be bc futile at this time duo due to unsettled unsettled un un- un- un settled conditions among silver silver- using nations Herman Oliphant general counsel of the tho treasury is reported to have made mado uns unsuccessful efforts to to convince con con- vince vinco superior officials a confer confer- conference conference ence would be bo of value Price Decline Is Low for Year NEW NEV YORK Dec 20 UP The UP-The Tho decline In silver was extended today today today to to- day when Handy Harman bullion dealers fixed tho the price of foreign silver at 51 51 cents a 8 fine ounce a drop of 2 cents from yesterday and the lowest level in more than thana a year Tho The New York prices was fi fixed ed before London bullion brokers were ablo able to establish a price the tho second time this week this has occurred Later the British price was set at 21 pence Fixing of the price here hero indicated that the United States treasury was buying metal here The Tho amount of business transacted was wan not dis dis- dis- dis closed To Today's days day's level was 1 1 11 cents an ounce below tho low for tho the year established February 1 29 cents an ounce below the tho high for the year reached April 26 and 25 cents an ounce below tho the level the United States treasury will pay for newly mined native metaL LONDON Dec 20 UP UP Bullion Bullion brokers today announced that silver silver stiver sil sil- sti- sti ver dealings will be bo suspended indefinitely indefinitely in definitely on Saturdays commencIng commencing commencing ing tomorrow The Tho action was taken presumably because of the United States treasury's treasury's treasury's treas treas- ury's recent statement that It would not purchase metal in London on Saturdays Saturdays' short sessions The Tho world price of silver declined 7 16 penny to 21 pence an ounce today today equivalent equivalent at Qt current exchange exchange ex- ex ex cx- change to 48 23 cents an American fino fine ounce ounce- or cent below yesterdays yesterdays yesterday's yes equivalent h |