Washington. July 25. commenting on the Japanese revaluation of gold, informed the United Press to-day that n would not affect the international situation to a great extent. nor give Japan any new advantage in commercial relations.
The revaluation was regarded as recognition in book-keeping of whi the devaluation of the yen had accomplished in 1931. When Japan left the gold standard, and devalued the ven, Japan made a paper profit on her gold holdings. To-day Japan recvgnizes this profit in terms of internal currency.
Lin Yin, monetary exper' asearch at the Brookin: however, saw wider in Japan's actions.
"In fact," he said, "Japan now rec-agnizes that she has 800,000,000 new n in terms of its gold holdings, and will increase her interna] reserves. thereby making internal credit easier to stimulate for production and thus increase Japanese exports if she can find a market."
American experts pointed out, Witch doctors in Rhodesia say they can cure leprosy, even when it is so far advanced that the white man's medicine is of no avail, states United Pres A native, crippled by the disease, was carried into a native commissioner's office. The local witch doctor came with him.
"Incurable" said the medical officer who examined the patient, "I guarantee to cure him," retorted the African practitioner.
These months later doctor and patient were back. The medical officer examined the patient and pronounced him completely cured.
The witch doctor refused to explain how he did it, but hinted that the treatment was a drastic one, on the p ciple of "kill or cure."
Black-Water Fever A white prospector caught blackwater fever in a native reserve hundreds of miles from the nearest European settlement, His plight seemed hopeless except to the local witch doctor, summoned by his servant.
The medicine man forced a dose of a pink liquid between the lips of the patient, who had already sunk in the coma from which few awake.
Within three hours the man was con Under the influence of unfavour- however, that Japan's internal holdable Liverpool news, wheat in the ings would not be increased, since Chicago Grain Pit broke sharply dur-the government already controls all ug early trading.
September de- domestic gold.
Meanwhile, Japanese livery opened with a drop of % cent gold has been flowing out to the from last closing level to 11754, with United States because of purchase of cor tinued liquidation resulting in an-raw materials from North and South other decline of 3% cent to 117!&.|American. and hence the establish-scious, and in three days he was as Stas if he had never been ill.
Not all the traditional remedies of African medicine are secret, and from those which the witch doctors are willing to reveal it appears that they have much genuine lore as Corn moved in sympathy with wheat [ment of an exchange stabilization Pecbausts. One of their, best, known and, at the time of going to press, fund was necessary.
This was due Pre mber contract was quoted at to the fact that the outflow of gold "Aps om of a Kind of willow, a total drop of 1% cents from would - have eventually caused al ney of diseases clos Jaradual drop in the value of the ven. fever dem Foe ruled quietly futures on the Montreal ex- ae opinion was expressed hero cold chillo amd alate ie e sale a steady at hat Japan on und Ae cater the, hen likely to use he-be better than quinine, and indeed it po better th monetary secre, brennan "ihe people who have tried. the fund to enter the ti-tastes remarkably like it
"Wall Street Journal" Comment 'he esricted exchange movements Meo eurites Me Hit, io preparation have said that the results By courtesy of Swan, Culbertson & Fritz However, the step was deemed possi. and S. E. Levy & Ca. ale in the event of unforeseen inter-as deemed possi-
The journal"
Yew York, July 26.
reported that auto watiena] monetary developments.
It was pointed out that the United
SOVIE'
NORTH POLE (PARTY
sales Utilities bullishness was increasing.
prospects continued strong. States did in one gesture what Japan doing in two.
The United
IN PERIL
The concensus of brokerage opinion tock the dollar off the gold Ccinparatively Vest, July toward the market is becoming more standard, devaluing it and revaluing eiinharatively warm weather and optimistic. Insiders expect a pick up gold in Deere & Ca. simultaneously—United Press. irai a tope Monday's
Text read from the printed page and cleaned; old type leaves the occasional error.