Show THE MARKETS MARKEIS M RK rS I Weekly Sank Statement i New York Y rk July 5 The statement of ot the he associated banks for five days and for the Week eek ending today shows I Loans increase 4 I Deposits increase 2819 2 j I Circulation increase SOO SOOL L gal tenders decrease Specie decrease Reserves decrease Reserve required r r d 3 in increase increase increase crease Surplus decrease 2893 G J NOw New N W York July 1 ty 5 The Financier this week says The official statement or of the New York associated d banks last week showed a decrease of in cash of or which consisted ot or specie and of legal tenders The statement does not agree in ia this re me respect respect with the estimates which were based upon the traceable movements of money during the week Indeed Inde d a dis disagreement dIsagreement disagreement agreement was looked for tor or because the estimate Included only the changes chang s for forthe forthe forth the th bank week eek up to Thursday morn lug while the official statement em embraced embraced braced the movement on that day da The loans were er increased This was largely due to the fact falt that the additional capital l and surplus of ot the National City bank which was tas as paid in cash during durin the week was as promptly loaned by the tha bank thus augmenting the item of ot loans and add there more or less af affecting affecting affecting the average aYer g of loans baSs reported by the banks The deposits were re In Increased Increased Increased creased by This amount Is less by more than than the su called caned for by b the Increase se of loans and less 1 ls than the decrease of cash and the statement therefore the fore is technically out of proportion The discrepancy wa caused by the above noted f the National City bank of the aid in for the new stock which vas of course couNe not included in inthe the thu deposit d line Une The reserve requireS required ivas increased by which sum added to the loss of oC cash above noted not makes as the de decrease decre crease cre in the he surplus reserve which item tem now how stands at At the corresponding cottes date last year it was The he dOlly dally average of the bank clear clearIngs during the five fie days of the bank wan Against a dally daily average av rage rager or r in I the previous week The increase was cas largely due to the July disbursements and also to the city banks operations In connection with Ith ifs Increase of capital above aboe referred to The Th surplus reserve r erve of ot the banks though reduced appears to be ample for requirements ll even eyen though there should be a further reduction in the current week w k as the result of gold ex exports exports ports to France These exports solar se m likely to occur because Paris is now increasing Its stock of gold in expectation expectation expectation tion of the conversion of about 48 ot o 3 per cent in tO tc 3 per cent rentes r The Tb demand dem nd for tor gold at Paris was last week reflected In the decline in Ine exchange e cha ge at Paris Pads on London to 25 francs 12 u centimes and anti it is proba probable probable ble that th Parts Paris will this week draw gold from New York Withdrawals hence j for shipment en t will however be partly through assay office checks Comparing the Th changes in loans by the principal banks anks it appears that six institutions gaIn gam ga of which the city alone had The he net bet loss In specie by 1 eight banks was j I |