The times. [volume] (Richmond, Va.) 1890-1903, 1895-10-27
WrrKIY rANI STATEMENT.

neut of the Associated Banks shows the
following changes
Reserve. 81 crease .......... ........Sl ,3u9521
Loans. decrease -........-- l,N-i. bNp
Specie, increase. ................. ,-'r'NNi
Legal tenders. decrease. ........... 5uNcVV
Deposits decrease .................. I,-N'N"
Circulation. decrease. ........-...- eVNVv
The banks now hold SlG.6s97Oo in eN-
cess of the - pew cent rule.
The New York Financicr says this
week. There were no changes of I'M
portance in the statement made by the
Associated Banks OF New York Tor INC
week ending October 18th the principal
features being the continued decrease IN
leans and the increase Of Sl,%D,Sj0 IN
specie. AS a large number OF banks
we're below the required - per cent re-
ton in loans was 10 have bceh expected.
There was some liquidation OF loans
from mercantile sources, however The
loans of the New Aork city banks al tie
close Of the current week stood pracu-
cally al the same figure reported on
1unc fSt There have been some marked
fluctuations in the loan item during the
period Intervening the highest point nav
Ink been reached ON september Ilth last
unou TIN, loans Were 2H.Orleho in excess
OF the present figures. Inc immediate
future OF the loan market is somewhat
cOnloctural. owing TO the introduction
of several new factors during the last
week orders were received by several
foreign houses TO place sums OF money
alglegating several inllllons on tlilc, nut
a. he rate demanded was too hgh, the
funds were employed on call loans. Great
ing q temporary weakness IN the market.
Rankcrs Who have given a great deal OF
attention TO the question anticipate
heavier demand soon from this source,
INIT this will be governed TO greater or
less extent by the price or cotton. The
hanks show An actual increase or tHli $40
In cash holdings during the week. the loss
~ S9spo legal tenders being more than
communicated By the gain OF 81, 2M3,So0 IN
epecie The sudden increase in the latter
A. not easily explained, but may be as
crihad as much TO local transfers and<the
shif,inc 81 funds as TO any other cause.
The holdings OF specie have shown an
ircrsase III over 100000 since October
Kin while legal tenders In the same time
heave decreased in an equal amount
The changes. however. are not important.
The deposits for the past week show
falllng OF of 81 .21OeoO. and the effect OF
The weeks operations have been 10 IN
crease Tho reserve 81 $50. 526 The state
,oepf as a whole is not encouraging.
and reflects conditions which appear rata
or narrow. Bankers cannot believe that
me heavy movement OF money is over,
ana higher rate Is looked for within
the next month. Sterling exchange con-
tinnos high and we seem 10 be at a stage
where % would take but little to turn
the tide either way. one OF the best
known bank presidents in the West. writ
Ing 10 the Financlor this week, says that
wall street has discounted too FAR in adj
vance OF the great crop Of corn just
,atsed and that ~ will be twelve months
vel before the farmers and railroads get
The benefit OF this years crop of corn.
pe further estimates. that fully 80 per
cent. % the crop wiz be fed upon the
farms. leaving only 10 per cent. for ship
mcnt