Show Weekly Bank Statement New ew York Jan li The weekly state statement ate 0 ment moot of oC averages of the associated banks bank shows I Loans increase M 4 SOO Deposits L increase Circulation decrease Legal l tenders increase 8 5 Specie increase luere MI Total T l reserve I increase 11 Ke erve ne required Increase iS Surplus reserve 23 increase 58 IS 8 The Financier says saJI Th The The New York clearing house banks blinks added to their cash holdings holding last week and as Increased reserve re rf requirements requirements called for only oRb a little over eIe the surplus u ro rose stand standIng log Ing at s which figure r is the highest since Sept 1 last prior to the beginning of the crop movement The gain in cash was much larger than ex cx expected exL but the source of expansion can L I i bo be traced directly to Interior remittances and receipts from the on current curr nt operations operation As the currents of supply now under wa way are likely w to flow in this direction ec for some o time the in inference inference ference ferenee is that the surplus will be he added to during the coming weeks The one possible cause for a depletion 01 Os excess reserve He lies lies in the probability of gold sold exports e rte but It would require a consider considerable considerable able movement me to counteract ter the th gains ains AL that at h which the banks are now maKing maing Whether e r gold will go out net is a question hut but the cg chances at t present tISa are 1 In favor of oC exports The movement of money mon 1 now is almost identical with the open Ins ing of last year ear when the surplus re reserve reserve serve of about t 12 reported te during i the Uret r week of o January rose to nearly 1 at the eloe of the month Be Between Between tween January and the second we week k in March larch however there was a fall in tn of A puzzling feature of the statement ts is the slowness with which loans are re me responding responding spending to the great volume of the business bu of the stock exchange The probabilities are that an extensive extensile liquidation dation has been b In process or that the trust t companies have been ben handling a R larger volume of oC bUl than they the have han been given credit for tor The Te T e expansion of I 10 in deposits com for the most part through receipts of cash eash The rev revelation re reI revelation I elation of the strong position posit on I the NewYork New NewYork I York banks r natural conditions will have a temporary effect en n the money mone market although present prent rates rate are re rf remarkably I easy It Is not t 11 el this thit will check the tendency of interior inter Inte or funds to j flow east as ag similar conditions in past part years have hae little Influence In this direction direction direction tion D |