Deseret Evening News | 1908-01-18 | Page 6 | Flow of Cash from Country Banks to N. Y.

i I i FLOW OF CASH FROM COUNTRY BANKS TO N Y Now York Turk Jan IS SA A tremendous flow of cash cah from the th banks throughout tho the country to time the New York City banks was Indicated today by the batik state statement statement ment mont which showed an aa u of ot 26 28 in the tho amount of cash held by bytho bytho b tho the New Now York Clearing house institutions This Increase In each caSh is tn not thought to be a 1 record one but It Is tn be ho believed to approach within a n tew few mil ml million lion Pens Hons a of at the largest Increase ever over record recorded ed CIS in tn a R single week In this city Financiers ers ermi rs declared that It showed clearly clearl that the tho Interior banks were entirely reas rens reassured by b the tho showing last week when for tor tho the first time since October Octo bel a cur sur surplus plus pius of reserve was 11 established Instead of or the defIcIt which had hac long existed In consequence the lie Interior banks banka were wore sending their surplus sur lus cash to Now New York BANK DANK STATI The Ill statement of clearing house banks for Car tire tho week shows that the banks hold bold more moru than the requirements of at the 23 3 per 1101 cent reserve ruin rull tub This Titie U ts nn tin Increase of et In the proportionate rush reserve as compared with last week The Th statement follows Ix JAnn ans Increase Deposits Increase 33 00 Circulation Decrease J K Legal tenders O Increase Specie Reserve Increase WO Reserve required JT Increase Surplus P 22 r Increase d States deposits Increase 16 6