Show The Bank Statement New York May 23 The statement of averages of the clearing house banks ef of this city for the week shows show Loans decrease O Deposits decrease Circulation decrease L gal tenders Increase 1 Specie S Ie decrease a Reserve 2376 55 O decrease Reserve Resene required decrease 1 Surplus increase I Ex States deposits increase The Financier says The Tho official statement of the New York associated banks last week showed a net decrease e of in cash instead of an Increase of which was estimated on the basis of the traceable movements of money during the week The discrepancy was doubtless largely due dU to the aver average average average age system of the clearing house which brought brou ht into last week more than 1000 eoe 00 of cash resulting from the withdrawal on Monday of gold for export lo to South America and probably some por portion portion portion tion of the 2 2003 which will wiIl be e shipped to that destination on Monday Monda was with withdrawn withdrawn withdrawn drawn at the end of If the bank week The difference between the actual loss as shown sh wn by b the statement and the esti estimated estImated estimated mated gaIn sain may ma r have been caused by b withdrawals of seceding trust companies or by hr those which will remain in the clearing fea t house s and which have a not gt al already already I ready read made provision for the required cash reserve resene against cash deposits The loans contrary to expectations were decreased instead of increased the reduction being This was most likely the result of the extensive liquidation liquIdation dation In the stock market during the week The deposits were wen reduced by 6 or S less than the amount called for by b the decrease in loans and the net loss in cash ash t therefore the state stat statement statement ment did not harmonize The required reserve was less by and anil deduct deducting deductIng deductIng ing from this sum the net loss of oC cash ash leaves eaves Increase In surplus reserve to Computed on the basis of ot deposits less those of of pub public public lic lie funds the surplus is Cir Clr Circulation Circulation was decreased though by only the small amount of or The average of the daily clearings for the week was against in the pre previous previous week probably reflecting ing the busi business business business ness incident to the gamble in cotton The clearings s on Saturday were or greater than the daily dail average of loans show snow that five banks reduced this item by the net amount of and t the e only import important important important ant Increase was by one of these Institutions Three banks show a net loss of in cash |