Salt Lake Herald | 1905-04-23 | Page 18 | The Bank Statement

The Bank Statement New Nea e York April Apri 22 The statement of averages of the clearing house banks hanks of this tills city this week wc k shows Loans increase 8 Deposits 1 6 increase increase c Circulation increase 2530 23 I Legal tenders increase 2 Specie 1 16 increase It I Reserve increase Reserve required increase 3 5 0 Surplus 1180 Increase 2050 Ex Ix I U e S Deposits 1569 increase 3 2 The Financier says this thin week The tea fea feature fe ture of or the official statement of the New NewYork NewYork York associated banks last week was the th much larger larer increase in cash cah h than was was indicated by the estimates which wore were based ur upon un on the Ure t traceable movements of money during the week the statement showing a gain of while the es estimate e estimate called caJe for an increase of 1434 9 The Th difference of about 3 i millions between the actual and the estimated gain was s in 18 great g part lart due to dt tile the t fact f i kg that the t bank b k statement e t included U d the e op operations orations f of or Friday or the entire bank week while the estimates took account of ot only five fhe dug days of that week ending elIding with Wednesday night This omission of Thursday was WI necessary because of or the closing coing of the tb stock exchange on Good Friday Frida and to make preliminary esti estimates estimates mates mate of any al value alue publication thereof had to be made on Thursday The un tIn unsettled ln settled nettled ettle stock market market on un that day doubt doubtless less I ss caused a large Jarge return of the money fro Ire points which had been re remitted remitted mite hence In the early eary Dart part of or the week thus increasing the bank aver averages 1 r ages 4 moreover operations o rations at the end of the week contributed to the gain Kain of cash by the thE banks Deposits Deposit were I I which amount is only I less than luau the sum of the insurance in I loans anti and in cash therefore the tho state stat statement t I ment r nt made ant a good proof I I