| Show The Bank Statement New York July statement ot of the clearing house banks for the week shows that the banks hold more than the legal reserve requirements This is an Increase of as compared with last week The statement follows Loans decre decrease e Deposits decrease Circulation decrease L Legal gal tenders Increase I 1 00 Specie Increase Reserve Increase Reserve required decrease Surplus I Increase ExU S deposits Increase 5 The FInancier says sas The last weeks statement of the Associated banks was unexpectedly favorable as had that of the previous week been surprisingly un unfavorable unfavorable favorable not only so far as concerned the recorded cash movement but the re result result sult as Indicated In the surplus reserve The statement ot of last week showed a again again gain of cash whereas a loss n IH a n aA 4 n a n aa V Ja Q tl U Uv w o oby w by the traceable movements of mone money The weeks bank returns showed a loss ot of cash though the trace traceable traceable able changes In this Item led to expectations expectations ot of a gaia alu of It seems pro probable ible that In the week of July 6 the surprising exhibit of cash loss was due to withdrawals thereof from the banks by some ot of the trust companies In order to make a good showing In their semiannual reports to the state bank banle superintendents assuming that this will willbe willbe be the cast case last weeks unexpected gain ot of cash ma may have been the result of the return to the banks of the money so withdrawn It the purpose Intended In the previous fortnIght Be Because Because cause of the above noted gain of cash and the reduction In deposits and hence In reserve requirements the surplus ye re reserve serve showed showe an Important gaIn Instead of a loss as was expected The cash Increased last week part ot of this Increase probable came from the above mentioned return ot of cash to banks by trust companies and some por portion portion tion was traced to a movement of money hither by Interior banks whose balances had been drawn upon by the surrender of their public deposits through their New York correspondents thus requiting requiring the reinforcement of such balances Gen General eral deposits decreased and the required reserve was consequently re reduced reduced adding which to the gain gainIn gainin In cash made as the increase In surplus reserve resene to 0 computed upon the basIs of deposits less those of public It maybe may be observed were reduced durIng the surplus Is Loans were dUring the week this was doubtless due to the cart can cancellation ot of loans In the previous week after atter Jul July disbursements of at Interest had been effected and also to the dun dull bust bustness ness last week on the stock exchange which tended to limit borrowIngs The I I dall daily average or of bank clearings was rw 0 against In the week of JUl July 6 clearings on Saturday reflecting FrIdays business were Corn Com Comparison parison of loans by individual banks showed that seven Institutions contracted this Item by net five banks gained cash |
