The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-08-25
Surplus. 1g.448. 100; decrease, s278. 500.

New York. Aug. 2f.-The cash returns
of the New York associated banks last
week was largely affected by wat may
be characterized as extraordinary nov
ments not only through sub-Jreasurv
operations. but through the interior
transfers Of money Early IN the week
the sub-treasury paid 81 $50, coo and later
$4,000 for assay office checks. represent
ing Australian and Yukon gold. which
has been deposited at Pacific coast assay
offices. Disbursements for pensions were
payments were S7S.50l. These Xarlous
items made "a total OF A.ll35Ol. The eN-
traOrdinary receipts by the sub-treasury
were $l,100.O00, which amount was de
posted by the banks for transfer to the
terloT-SSO0VOo TO New orleans ma $o3L
800 to Chicago Deducting these recei9tS
( from the disbursements above leaves s.. =
1t should be noted. however that lie
payments for Australian gold probably
counted on the bank averages for ONLY
four days. while the receipts from the
banks for transfers 10 the Interior
counted for but Two days Of tbs week
The net ordinary operations of me tb-
treasury were, owing to large customs
ahC internal revenue rece1pss, sufucient to
counterbalance the net extraordinary dis
DuES6msQts a above. causing the banks
TO lose on sub-treasury accounts S162 90
The interior movement Of money, so far
as was tracsable. resulted in a gain TO
the banks of Sl,2-5,ll4, and, deducting the
lg9s 70 tlo treasury u vtoN7VyJ - dDuF &
there was an apparent gain IN the week 5
movement Of 81, 0S3,O00
Toward the end of the week however.
there was ar urgent demand for PhIla-
delphia funds, which caused the Snip
ment to that city OF various amounts OF
currency. TartOusly estimated at from
s., 50o. 900 to s.. 900 90. If either of these
sums of money was sent TO Philadelphia
1t follows that the apparent gain on The
weeks movements was wiped out. II
should be observed. however, that the
cash sent to Philadelphia viii doubtless
be- promptly returned when payments
shall have beeL made for the bonds fOT
which the money was required
tt appears quite probable chat the
movement OF cash to Philadelphia was
really below the minimum amount csti-
n11ted- The loan5 OF the bank were M
creased by S2.O27. 100. which sum may be
regarded as fair. considering the DISPOSE
ton Of bank managers generally to cur
tail discounts as much as possible IN
view Of the tende ncy of the demand for
posits we're augmented $500, 100. which
very closely cOrrespOnded with the total
of the gain in loans and in cash; hence
the statement was harmonious in this e
spect-
The surplus reserve was reduced by the
comparatively small agreement # SZl@ =
SOC, to S1S,14S,1O0 Borrowers would ned.
# would seem to be under apprehensio Z
regarding the supply of money. 5or all
legitimate objects. though doubtless zen
deTS viii seek to convey the impression
that because the inquiry fCr crop Du--
poses has apparently actively begun ra-es
Ter lOanable funds should rule higher
treasury will receive SL000Go0 4 uCr cent
bonds the delivery of which has been
contracted for. and there viii probably
be considera bic sums Of money paid dur
ing the week on assay OffiCe checks rep
resenting Yukon gold deposited at San