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Show RESUMNE OF WEEK IN THE FINANCIAL WORLD NEW YORK, March 19, Tho Financier this week says: Tho feature of tho official statement of tho New York associated banks last week was tho wldo discrepancy between tho cash changes as shown by the bank return and thoso indicated by tho estimates, which wero based on the traceable movements move-ments of money during the wcelc The official statements showed an miac-countable miac-countable loss of $2,090,30) cash, while tho estimates called for a gain of about this Bum, or $2,743,000. Tho deposits decreased 5253,200. and tho required reserve was reduced $3,S00. deducting de-ducting which from the loss of cash, as above, left $2,02J,500 ns the decrease in rurplus reserve to $27,310,575. Computed on the basis of deposits, less thoso of $40,4SS,-700 $40,4SS,-700 public funds, tho surplus Is $37,432,750; tho Government deposits, it may be noted, wero increased $953,700, making $3,595,lCo nlnco February Gth. Loans were Increased, as was oxpected, but not to tho extent looked for, tho amount of gain being 31.C19.S00. The statement did not show a good balance, tho sum of loss of cash less tho increase In loans being greater by $916,300 than tho decreaso In deposits. This falluro of tho return to balauco was probably duo to the bank morger operations. opera-tions. Circulation decreased $1,013,800 during tho week, making SS.Oll.COO since January 2nd. Tho average doll)' clearings wcro ?18T),0O0,OX). an Increase of ?25.CO3,000 compared com-pared with tho previous week, reflecting moro activo speculation on tho stock exchange ex-change and possibly showing tho loans duo to the collapse in tho cotton deal. The clearings reported on Saturdav. representing repre-senting Friday's business, wero $190,475,218 or above tho average, Ono Incident of tho week was tho mergor of tho Central National Na-tional by tho Citizens' which became effective ef-fective on Monday. The capital of tho latter was increased by one million, which was tho amount of the capital of tho Con-tral; Con-tral; the loans, cash and dopoalts of tho Citizens' were augmented through tho operations of tho merger. |