The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-01-06
WEEKLY BANK STATEMENT.
Clearing House Banks Gained
$1,000, 900 in Cash Holdinps.

New York, Jan. 5-The weekly statement
or averages of the associated banks shows:
Loans $685. go. increase 1855, 80; de-
posits SsI0.S5. 100. Increase N5.76O.sO: ~circnla-
ton S0.Ss2.5D0. decrease SIS. 800; legal tenders
ssl.0 500. increase S3.7O6.3o; specie siea, sN,-
-. increase S.l0s.l00; total reserve s23l $751;
90. increase $6.sl4. 100; reserve required S217,-
131.5&. Increase S.1-0.z2S: surplus reserve
s14.1J!0f5. increase 81 Sd. 1.5.
The t1Dancier says:
"The New York Clearinghouse banks
made a gain of almost $4,000 in their
cash holdings last week. due to heavy in
terror receipts and Subtreasury disburss-
ments, but 50 heavy was the rise I'm deposit
liabilities, aggregating about SIG. 7oD. 800. that
the cash holdings counted for only a little
creasing that fund to sl4.15J.c75. which, how
ever. is the highest mark touched in four
teen weeks.
1T had been expected that the banks
would show some heavy changes, and the
expansion in deposits can be traced largely
% dividend payments and the shifting Of
funds incident thereto. The advance In
heavy dealings which have characterized
operations on the exchange during the
week. but as II does not show fully In the
averages. 1t is quite likely tina a consid-
cradle portion Of belated transactions have
been carried over from the previous six
day period.
r. the plain indication Of the turn that has
taken place in the matter Of currency
transactions.
MS duk II ~ ami II III
terror, and the result Is seen In the ability
OF the clearinghouse Institutions. not only
to accommodate The demand upon them. but
30 add considerably TO their surplus cash
holdings. This means. on the surface. con-
tinued ease in rates. so Ear as domestic in
fuences are concerned. and the adverse
features Of the foreign situation revealed
last week in the Bank Of EnSland's rise
In discount rates are not counted important
enough here to lead to a demand for Ameri-
can gold.
The wear just closed has been a remark
able one IN the development of American
banking power. and the current year only
demonstrates to what an extent New York
Is superceding London as an international
money center.
The banks have had an unusually prof
liable year. They have added over ten mil
Hons to surplus. after having declared full
dividends: they have Increased their capital
fifteen millions. and in every item almost
proportionate gain Is recorded. Thus. while
4. does not concern the present statement.
serves to show the constant expansion that
is taking place and emphasizes the fact that
no matter what demands may be made upon
them, the local clearinghouse institutions
are prepared.
TT Is quite likely that for q time. at least.
the weekly statements will show unusually
large fluctuations. and II Il also probable
that before the closing of spring. interna-
tional factor. quiescent OF late. will again
become prominent In influencing the trend
OF the various items. There seems TO be no
that the totals OF 1901 will break
all records"
New York Market Gossip.
The following synopsis Of the gossip In regard
10 the leading features Of the New York market