Show S The Bank Statement New Neu York York Feb 2 The tatem nt of oC averages of the clearing hou house e banks of t this el city for the five days o this thi shows Lans Loans decrease Deposits l 88 decrease i 12 Circulation decrease 22 Local tenders ln In rease Specie increase increase Reserve 30 increase 2 2259 R Reserve required 2949 6 25 de decrease decrease crease Surplus increase States deposits ase The Financier says The Fhe decrease of oC in London shown by the bank statement was doubtless due tc to shIftIng of oC loans incident to tile the rf re requirement of th i ot oC bankers who recently sold of r South Southern era ern Pacific bonds that payment there therefore therefore fore should b be made on Monda of this week This his requirement londay most most likely caused the the loan iem Item to bE be made oi 01 declining averages last week and it should therefore be ref reflected tc in t the March T The gin gain i in ch cat reene was as Sea greater eI by than which wa was on te the bais basis ot of th the traceable movements of money I during the week The The discrepancy wa was however party due to the fact act tat that te the 00 gold which ws withdrawn for tor shipment of ct Saturday ot of Jat last week eek was taen taken tom front the banks on Friday ad and counted In te the average for tor only one oneda da day While loans ae are expected to decrease In the immediate future as te the ret result j jUle above noted of the contraction due to the Ule Southern bond payment ar and also of the loaning of balances from the banks by trust companies the cash reserve seems lIkely to be affected through the with withdrawals by interior banks of their bal balances ances for employment at home for rop planting purposes Moreover the coun country try institutions which are depositories of public funds will at least until the of March effect the surrender of such deposits through drafts on their New York correspondents which move meat was more or less actively in progress ress last week Therefore some tern pore derangement of the reserve may be looked for of this op |