Washington, May 1.
Mr. Hoover, the Secretary of Commerce, stated to-day that the return of the pound to a gold [basis the entire international trade would be calculated in terms of told prices.
Mr. Hoover predicted that a gen-Jeral condition of stability in prices would be reached, which should re-donnd to the benefit of commerce and industry all over the world, He up German coinage, to a degree, [with the pound sterling.
Avery certain effect of the British move, he said, would be to reduce the volume of speculative] hazard in international trade because lof elimination of the risks that must be taken with currency of fluctua ing value.
There wil swing of prices in Britain adjustment is made but the gain in stability will bring benefits likely: to outweigh any losses—Reuter's, American Service.
Text read from the printed page and cleaned; old type leaves the occasional error.