Show Financial and Commercial HV fly THOMAS i Now New York Nov lum In of a further loss in surplus shown by y the tho weekly misstatement of the banks the position of those Institutions Is very much stronger than It was a year ago Tho rho banks have shifted soy ov- oral cral million dollars into their reserves and arc aro In reality perhaps better off than the clearing clearinghouse house report hows thorn them to be The K gent rn public has quit mon moneY li libut but some som of t the iho loading banks are still flagrant Business who have balances with time tho banks banka an and l who have been beon re refused refused re- re fused cash for pay roll purposes have been buen able to purchase the currency from their own o by going to deaL deaL- eTs drs in fri currency ana amid pay pa-in pa in t a premium The Tho public Is not scared half hair so badly an as time the banks are aro and with the tho Hood oC of f gold old coming front from Europe U it Is bc- bc d that lint the tho banks will recover r front from their fright anti and restore tao Ito hoarded money to circulation in a few ow days Tn fo ii hoot Tart Part of qt this money Is held bj by time the banks to bo be n mused cd In the tho purchase of or the iho Panama bonds about to be Is- Is sited by the government There aro of or iho o bonds and a an time tho government Intends to leave the money on deposit with the lie banks making the purchase of the bonds to bo ho issued for Immediate me 1150 th issue will mean mian an increase c bC in in- actual cur cur- rency One weak treal feature of the situation is that tt tho general public tins baa been urged id tO hay buy stocks too soon The transfer books of Ito tho great groat railroad companies and nuil trusts show a Increase in the number another of stockholders in the thelast thelast last year This 1 Is largely of course couse to tIme the fact that hat iii financiers have transferred trans bi big blocks of stocks into time tho nanie of numerous clerks in order to conceal liquidation But there has been considerable public buying In fact time the last month In lii the tho opinion of ra the thc time tim will come within a tow few w weela when I It will bo be ad to begin buying stocks In hi s t. t The total number of shares of stool sold upon the tho New York stock exchange today to against 7 the tho same day last year luTe total par value of bonds sold today v asi against 9 the Uio Sam da day lost last year Stock market bears in counting upon time the lug big Increase In oj Operating expense censes of to help thorn them d darry on a campaign cam cam- into next year are liable to be disappointed Tho drastic reduction o of working forces affects affect tho Item of op open open- r rating expenses very sharply St. St LH il n There is talk hi Lu Wall Vall street of ahan aban- by the St St. Paul of work upon the tho extension to the tho Pacific Tho fhe contracts con colt tracts have alt all been let and the wor will have havo to bo be finished some day ulay bu but just now time the company can make mor mort money lending ita funds In the marko than in building through a country which as a result of time remarkable o of the tho copper metal market has beer bee turned into a wilderness CIn Tames James A A. A Pollock Co hankers bankers an ani brokers C West We Second South street furnish the tho following received ove their private wire twine yesterday afternoon afternoon after after- noon Amer C 25 44 2541 Ather GL 2 Cop Cop 30 nt Bait and Ohio 78 2300 Brooklyn it P 2301 Canadian Pac 1391 1301 and 0 25 24 25 C itt and St P. P 97 Cole Fuel and I 15 15 15 1101 Eni 15 15 Great North pf i Cent I 1201 Louis and Nash 1001 Cent 14 1 4 1001 Mo 52 Mo K and Texas 1 N V N Y Oat flad W. W 3 I at 33 33 1 Northern Pao I I 73 Reading 79 Rock Island 13 18 13 Rep I and 14 Southern fly ll 1300 Southern 16 65 Pacific U S Steel do lM Si 7 Utah Copper ii 11 II 00 Copper 27 I Total sales 2 shares Hank New Nov TIme Tho statement ol of clearing house banks for tIme the week shows that lint hold r less than the tho requirements of the tho 25 percent reserve rule This is a decrease of 17 In time the proportionate cash reserves ns as compared with last week The statement follows ans Increase Deposits Increase 2 Circulation 53 Increase 2 OSS I Legal lenders 1100 Decrease Specie he Dc Decrease Reserve Decrease Reserve required Increase COS 12 Deficit it r U. Ex-U. S. S deposits Increase 1 SOO Flank Clearing New No-cs- Nov bank clearings report for time tho ending November 1 II 1 shows shows' an aggregate gate of as against 2272 lust last week anti and I in inthe the tho corresponding week last year Canadian clearings for the w wok week ok total 9 as against last las week and in time tho same eel ti last year The Tho following is a o othe of the cities cities- Time inc Dec New York Tori f S Chicago agi ir Philadelphia I 2 1 3 San Francisco 82 S. S Kansas City 1 1 Cincinnati i Now Note Orleans so 30 9 Minneapolis 19 Cleveland Louisville 25 S to sar Omaha 1038 38 C Milwaukee Seattle ir Salt CHy Cily Portland Ore Oro |