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Show BAR SILVER TAKES 1 UPWARD SPRING White Metal Worth 63 l-8c Per Ounce in New York and 29 1-16 Pence in London. v vw'i'vjt' vl'vl,,"","l", ' "4"1'!"" "v t- Copper (electro) $17.75ri17.S71 fr Lead $-1.75iS4.90 4 4 Bar silver 63 Jc r- Silver in London 29 1-lGd 4- v KB"W YORK, Aug. SI. Tho motal markets mar-kets were dull and nominal. Lake and electrolytic copper, 17J'3'17Ic; casting, 17i(Q'171c. Iron Uncha nged. Bank Statement. NEW YORK, Aug. .11. The utatement of actual condition of clearing house banks for tho week shows that the banks hold ?l,Gv5o,lu0 reserve in excess of legal requirements. This Is a decrease of 510,-793,750 510,-793,750 in tho proportlona.to cash reserve as compared with last week. The statement state-ment follows: DAILY AVERAGE. Loans ....$2,048,065,000 Increase 1,510,000 Specie 352,9 13,000 Decrease 11,191,000 Legal lendci'3 8-1,715,000 Incrcaso SI ,000 Net deposits l,909.9i::,000 Decrease 8,GSS,000 Circulation 45,279,000 Increase 116,000 Banks cash reserve in vaults 363,367,000 Trust companies' cash re- Hervo in vaults 74,291,000 Aggregate cash reserve 437,658,000 Excess lawful reserve 9,545,150 Decrease 8,591,000 Trust companies resorvo with clearing house membors carrying 25 per cent cash reserve 62,S4G,000 ACTUAL CONDITION. Loans 2,050,205,000 Increase ' 9,370,000 Specie 347.010,000 Decrease 13,119,000 Legal tenders 85,040,000 Increase 940,000 Net deposits 1,911,841,000 Increase 521,000 Circulation 45,974.000 Increase 759,000 Banks cash reserve in vaults 356,698,000 Trust companies' cash reserve re-serve in vault3 75,352,000 Aggregate cash reserve 432,030,000 Excess lawful reserve 4,553,150 Decrease 10,792,750 Trust companies' reserve with clearing house members carrying 25 per cent cash reserve 61,451,000 Summary of stato banks and trust companies In Greater New York, not Included In-cluded in clearing house statement: Loans $ 607,288,500 Decrease 1,235,900 Specie G4.0S5.100 Increase 279,100 Legal tenders 7,936,800 Decrease 167,800 Total deposits 6S8, 059.400 Decrease 1,201,900 The Financier says this week: The principal feature of tho statement state-ment of the New York clearing house banks for tho weok ending August 31 was, of course, the heavy loss in cash,, due to Increasing crop demands. Taking the statement of actual condition of Saturday Sat-urday as a basis, tho banks lost In specie spe-cie and legals 512,179,000. This total included in-cluded not only direct shipments to the interior and losses to the sub-treasury by the shipment also of $2,600,000 to Canada. Can-ada. The cash decrease affected excess re-servo re-servo to the extent of tho total sum taken and from tho fact that there was an expansion of $9,370,000 in loans, so that deposits actually rose 5521.000 instead in-stead of decreasing, as is usually the case when cash Is flowing out of banks, and tho reserve therefore fell $10,792,750. leaving the present excess abovo the 25 per cent minimum at $4,553,150, the smallest reported in a long period. The statement based on averages did not Include In-clude tho later operations of the week, the average statement showing a decrease de-crease of $11,110,000 In cash, but an increase in-crease of only $1,510,000 in loans, whilo net decline deposits fell oft" 8,688.000. making the decrease in reserve 58,-591,000 58,-591,000 and the present excess based on averages $9,545,150. The independent weekly statement of the trust companies showed only unimportant changes. It is worthy of mention that almost the en-tiro en-tiro decrease In cash during tho week fell on tho bank proper, tho trust company excess reserve standing at presont 212,900 above the legal requirements, while the remainder belongs to the banks. |
