Show FINANCIER ON BANK STATEMENT Shipments of Gold to Canada Cause Loss of Six Mil Mu Million lion Ihm in Specie RESERVES ARE STRONGER DOMINION INSTITUTIONS PRE PREPARE PREPARE PREPARE PARE FOR CROP SEASON SEAS N S New York Aug 29 The Financier says this week The statement of the th associated banks of New York City for the week ending end In A Aug u 2 29 showed howe a moderate expansion of or In loans and of in deposits The interesting feature of at the tho exhibit was the tile loss logs of In specie which decrease however was partly off ott set by a gain gan of in legal party tend ers era making a a net loss of cash for the week The decrease In surplus reserve Inci md dent to changes change Just noted was bringing the present surplus down to 61 which needless to say Is a ret rec re figure for this period of the year The he loss In specie Is to be at attributed attributed attributed mainly to shipments of gold to Canada The Dominion banks have tak taken taken taken en on the tho present movement nearly nearl S1 11 00 for tor the purpose of strengthening their reserves present and ap approaching crop season and also as the result reul of bond sales The chief feature of the situation Is the piling up of DC money in New York from all al sources despite the fact that the season seaon for crop money mon Is now approaching Its Is highest limit Some Borne banks lanks in the interior report de do demands demands mands for tor crop moving purposes but these demands have not as yet been een re reflected reflected In New Ne York except In a dimi diminution diminution nution of the flood of excess money mane which has been pouring into this center almost continuously during the past seven months There seems to be nothing in insight Insight insight sight which foreshadows an early carl hard hardening hardening hardening ening in rates for money and even cven the trust companies which have been loan loanIng loanIng loaning Ing their money freely since they the have hae found It Impossible to obtain 2 per cent Interest on idle funds in banks bank report for tor the te week an increase of less in loans Some banks seem to look for forward forward forward ward to the fall rai season as a foreshadow foreshadowing lag ing In higher rates for funds but to offset any coming drain on the tho New York banks bank the situation at present appears to be working a condition which h really realy rope Invites imports of gold from Eu Europe Europe Europe |