Show OPERATIONS OF TMD BAS Further Falling Off In the Loans and Deposits New York March 11The weekly bank statement shows the following Surplus reserve decrease 81375128 loans decrease 3062000 specie decrease 0220700 legal tenders decrease 120IOt deposits decrease 3115000 circulation elecrease 26700 The banks hold 2457S325 In excess of the requireaients of the 25 per cent rule The financier says The loan and do posit expansion which has been a marked characteristic of the New York bank statement sInce the opening of Decembr has seemingly culminated rho exhibit fr the week ending March ii shows a falling off of 51062000 In olans and 59155100 In deposits de-posits a change In the latter items being due in part to the loss of 511130 in cash whIch the banks reoorted The decrease ill reserve was only 1173125 the excess now standing at 024575225 10 is doubtful if the averages deli the whole story of the weeks operations The material decrease in reserves for the sveral welts previous has had the effect of bringing a great deal of cash to New York in the hope of profitable employment and the totel amount does not deuce In the current statement On the other hand the movement move-ment to the interior has been lighter than usual The most important factor of the week appears only in part In the state meat Central Pacilic payments March 10 called for a transfer of no less tban sx millions in cash from the banks to the pubtreasuC but in the weekly averagij this counted fot only one slay or nominal ly onesixth The money has gone out of the banks however and may Influence rates for a few days next week To what extent this wilt prove true depends large 19 upon the volume of Interior money which will be forwarded to this center The statement so far as current opera tioas are concerned is rather confusin It i to be noted that while the actuat cash in banks declined three and a half millionsand one banks loss more than accounts for thIsthe excess deduction Is only onethird of a million rho deposit changes which reduced reserve require mends by over 2000000 explain this shea IrIg The loan contraction probably re fleets the Consummation of several ape cial operations and the liquidation of spaculative accOunts It Is also not impossible im-possible that it indicates a thorough ab sortioa of the large volume of Amen can securities returned from Europe and In a lesser degree the contraction In foreign for-eign credits Regarded as a whoie the statement is favorable In that It forecasts fore-casts continued ease in money |