Show Weekly Bank ank Statement New York March 2 The he weekly statement s of averages a rages of the associated a w ed c ci banks shows show ee Loans Lana Increase 2408 2409 5 W 00 Deposits increase 3 8 3 Circulation 84 oo 0 00 Legan tenders lS increase Specie increase Total reserve increase Reserve required in c rease crOMe Surplus reserve increase 5 New York March arch 2 The Financier si s says ays The bank statement for the w w eek ending March 2 contrary to ex cx expectations p tons showed a slight increase in u reserve the present total s at or above aboe t the he figure reported for the previous v week The gain of In cash cashin cah ii in i n view of ot known losses by the banks in i n their operations with wih the ury U ry Is not easily explained but the n most probable Is that the re receipts r c from the interior were heavier J than han t anticipated Loans Loas expanded 2 4 which was wa also a surprise as week l had been heavy during the The gain gin does not reflect corporate deals d eals of magnitude and as a rumors of impending i large operations have cre created created created a n belief belef in a d coming disturbance in i n the money market market many conserva t ive Interests Interest have been securing t themselves against t possible higher rates by taking out time loans at pre prevailing pre prevailing quotations The influence of t this his shows In the present g statement statement Deposits Deposit rose ow owing owIng j i ing ng to the changes in loans and cash already noted and the added reserve resene I requirement called caled for br by this expansion sion explains why t reserve in increases Increases Increases c creases were not heavier h Viewed ed in every ever light the statement Is of favor Tavor favorable f able character charter although the small smal changes are ae of themselves rather un j The one factor will wm bear watching over the next two weeks is the trend of at money to or from this center As it Is the banks bak have sent very yen little money to the interior the prevailing movements Having been al almOst alm 3 mOst m st persistently in this direction The official statements of new banks In dif different di dl ferent of the country indicate a strong condition of at reserves but the general generl business outlook is such that spring trade requirements may work vork changes of importance in the New Yerk Y rk money market maket In the matter mater of surplus reserves the I banks here show only narrow narow fluctuations fluctuatIon tIon from the course of the same item Iem last la t year and it I is worth wort keeping in mind that the surplus reserve Item Iem which stood at about for the corresponding week one year ago tell fell fellin in lii fourteen days to about two and two thirds millions although there was a recovery In the succeeding four or five wf weeks ks to nearly near Still sun one I year ago national bank note currency I Iwas was less and ad the general ge ral stock of money mone was wa much lower than I at present Eliminating the influence I of or pending deals of at unusual import importance Importance importance ance the course coure of the money market m over the next few weeks appears to lie le within limits of narrow fluctuations |