TOWARDS U.S.A, Reversal of Trend from London Indicated New York, Mar. 15.
The exodus of capital from European countries to the United States following events in Austria has po: mitted the banks in New York to make dispositions for the transfer of U.S.$2,500,000 of sold from London to New York.
This reverses the flow of gold which for several weeks seemed to be towards Great Britain, the Nether-
Mr. Richa Whitney, former President of the New York Stock Exchange, was to-day indicted by the New York Country grand jury for stealing funds belonging to the New York Yacht Club. He was convicted yesterday of first degree grand larceny for misappropriating a family trust fund,—United Press. lands and Switzerland. It is believed to be the beginning of a new influx of gold into the United States.
This is the first time since the modification of the gold sterilization policy (which had resulted in imports of gold up to $400,000,000 per year) that shipments of gold reached Such a height.—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.