Salt Lake Tribune | 1896-08-09 | Page 2 | Weekly Bank Statement

WEEKLY KLY BANK STATEMENT heavy decrease Be creasa in deposits was waa the main feature new york aug AUB 8 weekly bunk bank reserve decrease loc icare loans decrease 1 specie I 1 increase legal tenders lenders de cheave deposits decrease circulation Jil increase crease tl banks hold in le ic quirt ments I 1 the financier says ays the stat t I 1 0 at the clearing house banks 0 at new york city for the week ending august ath th shows A continued decrease in ill llo ilia principal items A contraction in lowis was waa to have teen expected in view or of tile lh influences which have prevailed during tile the week but the ali of 0 tile the contraction was va gratifyingly small is hen bell the ho circumstances are taken into consideration tue the principal lofs af ina was in deposits and at first night leht this appears out ot of to the other cha changie chang ngoe pg but a great deal of cash has gone eone out of 0 the new york banks to the west luring the week a greater amount in fact than would have been the cue case under more normal conditions chicago called for or large balances and the demand from southern ond and other western points as aa heavy the movement in it cash wiard the th I 1 interior n r 1 r woe ty therefore heavy beavy and creft greatly avei balanced thi the interior rec rcck arts T the le exact loss oil en this movement cannot be ue ile tes mined definitely but enough I 1 13 known to lo ellow allow that hat tile ho legitimate business lie dc mantis manda rather than withdrawals by sentimental ti tears fears lonna loans 0 of tile the new neav york banks are arc now down to Mi a loss of 0 since july 3rd ard tho the total ilo I 1 owe wever vcr la Is nearly less leas than ihan tit at this time last lart year nail and it Is 1 dorthy of 0 mention that while loans I 1 were expanding last year at al the rato rate of about 1 a week they ire arti TIOW now contract lii dlly the newl new york banks total holdings of 0 catli cash or are e now il under tho the low licin iolet touched on march lat last but the excess cash cali rids high alsher or than at that time As a whole tho the statement was better thin than had been expected