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Show If ; HEAVIEST DEFICIT II JMANT YEARS Weekly 'Bank Statement Shows a Shortage of Nearly Seveii Million Dollars. ! MOVEMENT OF MONEY TO THE WEST ONE CAUSE I Hope Is That Secretary of the ' Treasury Will-Take Some I Action for Relief. ! NEW YORK, Doc. S. Tho heaviest deficit below legal requirement, iu the legal reserve ot the associated banks of this oity in 12 vears -was disclosed dis-closed by today's bant statement. Tho deficit amounts to $15,702,175, as against a surplus of $1,449,300 one week ago. " While it is unusual for the bank , statement to show that tho banks hold less than the law requires it to keep in reserve, it is quite unusual for tho 'deficit io bo so large. Tho largest previous deficit was on .August 12. 1S93, when the reserves " were $16,500,000 short of the legal re- ; quiroment-" quiroment-" That Wall street is hopeful that some action will bo taken by the Secretary of the Treasury to reliove tho money market was indicated by the movement of the stock marker, .after the publication publi-cation of the bank statement. Instead of a slump in stocks there was only a slight drop, which was checked in u few minutes. The scarcity in money is attributed lo several causes. There lias been a steady drain to rho West on account of crop movements, heavy dividends have been declared this month and unusually un-usually heavy speculation in mining stocks has helped to pump the banks |