Show BANK STATEMENT Comments Upon Money Conditions in New York New York Dec 28 The statement of the associated for week weekending weekending ending today shows snows Loans Loens increase deposits Increase circulation decrease legal ten tenders tenders tenders ders X increase specie increase reserves increase reserve required in increase Increase crease surplus in increase increase crease cr I I Is New Ne York Dee Dec D 28 The Financier says s ys The traceable movements of money this week so 80 far fer as they af affected affected affected I bank conditions showed an esti estl estimated estimated mated loss 1085 to the banks of only cash Among the striking features of I the movement was wu the steady flow flo of currency to New Orleans through the I treasury having thus been transferred during the bank week W ek the loss to the banks of through I the ft fiscal al operations of the government I and the gain sain aln to the banks on the in interior Interior I tenor movement of money which amounts deducting transfers to 1 I The receipts of ot currency from the west were fairly faidy large reflecting shipments by banks in that section to take advantage e of ot the high money rates fates at this center and also the be beginning beginning ginning of the return flow of currency which had been sent to the west in re response response response to the early demand arising from the harvesting of grain Some western funds also doubtless came here to meet Interest And nd divi dividend requirements The gain m tn hi specie as indicated by the bank b returns was and in legal tenders I otO making total increase In cash 3 Loans were augmented by The deposits showed ho ed a gain of which amount was greater by 2 2 than the total Increase of ot cash and of loans hence the statement in inthis Inthis Inthis this respect was out of harmony Sur Surplus Surplus Surplus plus reserve indicated a gain of 2300 lOl and this item now stands at 1 against n at t the corre corr corresponding period a year ago It Is probable that the statement was made on rising averages for cash ca h for though transfers to New Orleans Orlean through the treasury were large lar e at the end of the bank week these were more than off offset offset offset set by receipts of funds from the In Interior interior tenor with which h to meet drafts for January disbursements It is expect expected ed cC that by Monday of this week pay payments payments payments ments will be made by the assistant treasurer at New York of about for a block of 48 of 1907 which were bought for de delivery delivery delivery livery before the end of the year There is still sun du dt about on account of ot the January interest on government bonds which will be paid during the current week Beginning with the new year banks retiring their circulation will forward through the New York nearly of lawful money with which to replace bonds se securing securing SeCuring curing such ciraula on These bonds will then the be withdrawn and most likely they will be sold on the mar market market market ket So far as monetary conditions at this center are concerned there may be continued tension ten lop until the payments by banks and trust companies for fer Jan January January January uary interest t and dividends become large Then the distribution of this money should bring briD about easier rates at least for loans loam at t call on OIl the stock exchange |