Show ABUNDANCE OF MONEY Bank Statement Shows a Continuance of Favorable Conditions New York Jan 7The weekly bank statement shows the following changes Surplus reserve Increased 14349400 loans t39O decreased 4504900 specie increased 3JJsr o legal tenders increased 11624600 l6CO deposits increased 3S44000 circulation S4O decreased 5412400 The banks now hold 2o530375 in excess of the requirement of the 25 per cent rule The Financier says In view of the ex traordinary speculative activity the weekly statement of the associated banks Of New York assume new iiitOTncf Tho current exhibit In the sense that It foreshadows fore-shadows easy money and therefore makes for a continuance of those factors which have been so prominent of late Is of a favorable character The week has been marked by heavy dividend disbursements and as the statement Included only the beginning of these transactions It would transactons I not be strange If the real condition of the banks at the close of business Saturday I differed radically from the published publshed figures In tho main it must be said that the tendency of funds is about as set I forth The banks gained heavily from the Interior during the week some estimates i placing the amount as high as K000000 NtJO As the operations with the treasury resulted re-sulted only in a slight loss the published expansion of 5310400 cash 31 > S5SOO of which was in the form of specie does not seem unreasonable The decrease of 4504900 in loans is the first contraction nothed in some weeks I is rather dif cult of explanation but probably is to to the cancellation of sterling loans and the part played in the weeks business by the closing of the Baltimore Ohio Baltmore reorganization re-organization The real significance of the statement is found in the cash expansion The certainty that reserves will be increased in-creased from this time on by interor remittances re-mittances assures a continuance of easy money The present deposits and loans of the New York banks are far above previous records and with increasing Idle reserves they can be expanded indefinitely nitely Stocks at London New York Ja 7The Commercial Advertisers Ad-vertisers London financial cablegram The stock market here today was general ly firm Americans opened below parity but closed fractionally above the worst on the anticipation of favorable bank statement Norfolk Western was weak being the feature of the day Corner shares were harder Gold was firmer at 11 pense half penny tho demand being chefly from Germany Money was easy and discounts firm The board of trade returns show Imports im-ports increased 9 1 per cent with a largo Increase in American wheat Exports Ex-ports increased S per cent The Metal Markets New York Jan 7Pir Iron steady southern ll25fdl75 northern 10251225 CopperFirm brokers 1313 Lead Steady brokers 375 TinQuiet Imports and Exports New York Jan Imports and specie this week were S133SS In gold and 327GG insilver dry goods and merchandise 9909652 Exports of gold and silver from this port to all countries for the weekending week-ending yesterday aggregate 5769200 silver bars and coin and 0670000 gold |