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Show HI LOSS OF li Brief Analysis of Money Situa- 1 HH tion Shown by the Clearing- ' 'IH House Statement. EXCESS OF LOANS H OVER DEPOSITS SHOWN 1 H I" 1 Bankers Are Closely Watching j Trend of Financial Currents lj ; at Present Time. j By Leased Wire to The Tribune. 1 NEW YORK. Oct. 1. On the stock sx- change today prices held generally firm I but with no changes of consequence. f The week-end bank statement showed i i a surprising largo decrease In surplus re- ( I iH serveB. This was caused by the (julto , Unexpected loss of 518,200,000 cash, which , l!H is nearly double yesterday's expectations. , A 522,000,000 decrease in deposits failed ij ' to counteract this shrinkage In actual j cash holdings, and the surplus rcecrvo 1 falls no less than 512,500,000, This leaves ' j IH an actual surplus of not quite 55,000,000. Ill fH There was a raise of tho total outstand- j J IH ing loan account nbovo deposits for tho J first time since July 23. Bxcoss of loans j j H Is 514.200,000. A week ago deposits Svcro f 1 iH S170.000 above loans, four weeks ago I 'H 517,000,000. In this week last year de- . i IH posits exceeded loans by 55,800,000, and ,' their excess at the opening of October, ! J ;H 190S. was 5S0.000.0O0. ! ! This Is watched by banking interests !' tjH chiefly because it has been a singularly 1 i JH accurate reflection of underlying coudi- I iH tions in the field of financial credit Last ! year It first appeared on October 30, when t IH the New York position was certainly un- 1 ' ( dor considerable strain. The loan excess H rose to 525,000,000 on December last: ro- ? lnxed with the Inflow of new reserve 1 I IH money which followed: disappeared with ' the statement of Jnnuary 15: reappeared , on March 12; rose as high as 527,000.000 on ( April 30 and wns not removed until tho statement of July 23 when Wall street's i forced liquidation was virtually com- pletod. This week marks the beginning of the JH autumn rltc In money rates. It started on tho other side of the Atlantic, with a rise In the Bank of Germnny discount rates to 5 per cent followed by an ad- vance on the part of the Bank of Eng- i land to 4 per cent. Open market dls- I count rates rose to 3 per cent at London. 43 per cent at Berlin and 21 per cent at i Paris. There was a slight change for the better at all centers except Berlin I at the close of tho week. New York J I tiH call loan figures moved up to 3 per cent. , iH which was rogarded as a very moderate I, j rate, considering that preparations had to It IH bo made for 5170.000,000 of October inter- f Continued on Pago Twelve. jj ( I HEAVY LOSS OF CASH RESERVES Contkrncd from Pnge Eleven. eBt and dhddend disbursements. Time money rose to 41 per cent for ninety days and 4! per cent Into tho new year. Since the opening of the cotton year 800,000 bales have been shipped and with tho bill of lading question still unsettled there- is overy indication of a continued largo movement In October that will bring the total up to 2.600.000 bales. In other words, cotton for tho first two months of tho year promises to furnish about $140,000,000 of exchange. This, with exports ex-ports of other commodities, will naturally work a much needed improvement in our foreign trade. The corn crop has passed beyond tho danger of frost and promises a record yield. The advance of coolor weather over a large expanse of territory caused a Homewhat better distribution of goods Bulted for the fall trade. Tho dry goods trade mnltC3 tho best showing. The Hlcel industry still lacks improvement improve-ment from a domestic standpoint, although al-though thero haa been some improvement in export buslnc33. Tho railroads are still holding off. Tho equipment companies are feeling the lack of orders from tho railroads to even a greater extent than tho Bteel trade. |