Show public confidence returns direct information indicates con elusively that the banking situation is I 1 showing definite and steady im proT Droy ement J F T oconnor comp of the currency ol of the united states said in a recent address he pointed out that the tha decided drop which has occurred in money in circulation cu shows that the public has largely ceased hoarding on march 1 1934 the federal reserve board reported that the J volume of money in circulation amounted to which was vas a decline of since march 1 1933 it was a drop of 0 or over 29 per cent from the all time peak ot of reached on march about one halt half the decrease it was pointed out reflected the return of 0 currency from the public money in circulation declined rapidly atter after reopening thea the of the banks in march 1933 and has continued since to decline from week to week notwithstanding the increase in the demand tor for currency arising from enlargement of 0 pay rolls and increase in the volume of 0 retail trade the comptroller said which he added indicates a continued return ot of money from hoards as banking I 1 were reestablished |