Show Changes In Bank Conditions New York Y rk Oct 13 The weekly state statement statement ment meat of averages of the associated banks shows Loans decrease Deposits decrease Circulation increase Legal tenders decrease 52 2 Specie 1 decrease Total reserve decrease 5 Reserve required decrease Surplus reserve decrease 1 The Financier says sas The statement of the New York clearing house banks for forthe forthe forthe the week ending Oct 13 is better than earlier calculations had led bankers to believe In the first place the loss lose in cash instead of being in excess of 8 as estimated was Only slightly in excess of and the heavy con contraction contraction contraction traction of 1 in deposits deposit lessened reserve requirements by b this off offsetting offsetting setting st in large part the effect of the out outflow outflow outflow flow of or currency to the interior The weeks operations resulted in a reserve shrinkage of only reducing the present excess of a total which I while small smail has been beeg reached several I times this year and ind last The item In the statement which shows how the banks have been able to meet the drain on their funds and still maintain a legal percent percentage percentage age of reserve or one near It is that of loans The loan account has been rather ex expanded expanded expanded this season and the contraction of or 8 has been made without much ef effect effect feet on the market The ruling money mone quotations give no sign that a fear o of at stringency exists although rates natural naturally ly are at a higher figure Calculations already are being made as to the duration of the present movement to the south but with cotton at high prices and the mar market ket active these estimates are apt to be misleading The gold imports already alread contracted and arranged for prove of ot themselves the strong position of f the th New York banks in a money sense and under normal conditions these Shipments can be expanded at will Half the cotton crop of at the United States is exported during the months of October November and December assur asser assuring assurIng ing a credit balance large enough to pro prolong prolong prolong long gold Imports if necessary It is doubtful If It the New York banks will lose as much money next week as they reported Saturday At any rate the receipts of ot specie spede from Europe figure In the forthcoming state statement statement ment mont as an oset this minimizing reserve reductions |