Show Weekly Bank Statement New ew York April 13 The weekly statement of averages of the associated banks shows Loans de do decrease decrease crease Deposits decrease 16 Circulation decrease deore deare se SOC 30 Legal tenders increase I Specie decrease Total reserve 2 decrease Reserve required de decrease decrease decrease crease Surplus reserve 7 increase I 25 New York April 13 The FInancier says In Iii the face of or a statement st t ment like that of April 6 It ii I was Vas manifestly im impossible impossible impossible possible for the New York banks to further expand their liabilities and the exhibit of ot May la 13 shows that they have been contracting their loans and tak taking takIng taking ing other steps to build hund up their re to reserve reserve serve percentages The effect of this policy as expressed in a decrease of in the loan item and of 16 4 on deposit was to reduce the amount which has haiJ to be carried against deposits by over so that de do despite despite spite the loss of in cash to the and the interior the excess above the legal reserve was in increased Increased Increased creased 7 making a total sur surplus surplus surplus plus of ot This it is needless to remark does not hot mean easier money as the operation was one of banking bunking and necessity origin originating originating aUng with the clearing house Institutions Institutions themselves and not reflecting a replenishment of the money supply The statement however will be re regarded regarded regarded as a n favorable one from the fact that the surplus is larger and It really is to be regarded as a reassuring lug ing jn one In Its revelation of the power of the banks to maintain absolute con control control control of the situation The average per percentage e of reserve of ot the associated d banks at the close of the previous week was Wag only per cent Money did not average 5 S per cent on call during the week but even slight rises in quo quotations quotations quotations brought outside banks Into the market as heavy lenders The statement this week Included bond payments and other receipts not counted in the previous exhibit thus rectifying the obviously misleading to totals totals of April Avril C G In the same manner I payments by b the treasury for bonds bought at the end of the current week will not net show how until next week The operations of syndicates which have consummated plans may have the ef effect effect feet soon of releasing funds but for forthe forthe forthe the moment the outlook favors some firmness in rates although no stringency stringency gency ency is feared As a matter of fact It does not seem possible that money can go to anything like an extreme point here without bringing the usual relief from abroad but this Is men IDen mentioned mentioned as a mere possibility rather than thana a probability t |