Show Changes in Sank Conditions New York June 2 The bank for the five business days of this week shows the changes Increase Surplus reserves 1 Loans Specie Legal tenders Deposits Circulation The banks now hold bold in excess of the ef of the 26 per cent i rule 1 j j The Financier says say The banks of New NewYork NewYork York City gained over aver 4 in cash last week as a resist Of their operations I i with the interior and the treasury This j I I t was 53 largely in excess of the known re receipts I of but even more sur suri ur i J was the expansion of in iii loans with a coincident rise ot of j In hi deposits As Asa a usual thing unexpected changes of large volume in the statement can be traced to the operations of one or orI I more large institutions put but in the present case the increases seem to have been dis distributed distributed impartially among quite a num number her ber of prominent banks There has been no demand for funds other than normal and the Inference is that the sudden rise one or two belated special opera previously mentioned in this analysis analysis sis sisI I The loan Joan total now standing at is the largest larest in the history of the tho New York clearing clearing house and surpasses by nearly the previous high highwater water mark marKi recorded on eu July S 8 last year The loan Item has expanded since May 5 8 last In 19 the same period witnessed a decline of but be beginning beginning ginning in La June there was a sudden udden in int InI j t I crease in loans which placed the total in i July as stated at the highest point then j J known In the Lace face of the present conditions It does not seT seem possible that there can ba be baa bea a continuance of tire the factors which are responsible tor br tie tae heavy changes noted above At this time last year the surplus of the banks wt was nearly nerI two 3 years ago It was In each year i i the in excess cash came caine at at atthe 1 the ead t ef f the spring months and if It this J is to b repeated now the present excess of 20 will dwindle very rapidly Still the banks are holding their own for forthe forthe the surplus in spite of the heavy de da mantis for tor increased reserve re requirements requirements Is actually rising The approach of the crop season will probably witness a liquidation of e heavy volume of o outstanding commiT rents although that gold gid will come from fromi i rope is as yet an undecided Bank circulation increased largely in 2 ay and gold from the th Klondike will be arriving soon Per capita circulation is actually increasing despite exports of gold but the th money mozy of o the country is in inase use ase by the banks The present total of deposits however In New York is i nearly under the maximum reported on March 4 Even OR on that date the our sur surplus plus cash in bank bar was over In hi excess of what is ned IteM at present |