The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-09-01
IN NEW YORK BANKS
STATEMENT OF BUSINESS TRANS
ACTED DURING THE WEEK
ENDED YESTEL.1AY
WHAT THE FINANCIER SAYS
ImportatiOns of Gold Possible If Not
Probable Should Rates for Mon
IL ey Show Tendency
to Harden.

~ NEW YORK, Aug 31.-The statement
3sof the. Associated Banks for the week
ending today shows:
Loans 1896, 1S6. 600, increased 81 349, 209
Il Deposits $36S, 121, 800, decreased S27, 700.
Circulation S9,091 400, increased 81, 039, 800.
800. s''''0''0eN' w. N''''oN T'''
Specie $1I6, 791, 400. decreased sc, 135, 2Go
~ Reserves $253, 950, AGO, decreased S. 235, 100
:. reserve required $242. 03o. AIS, decreased
Sc. s25
= Surplus $l1, s19,s25, decreased sc, 22s.175
- The Financier says:
The cash in the banks last week was
largely affected by the ordinary sub
treasury operations as well as by the in
terror movement Of money. The extraor-
Sd1nary opera tons OF the subtreasHry con-
sisted OF the payments of 81 500, 210 new
gold on assay offices check, representing
domestic bullion and deposits at Pacific
coast points, and the disbursement of
$50, 500 for bonds and of 1913 eco for pen
szSioIas. These items make a total of ST.
763 100. The suhtreasury received from
the banks 81. $50, 600 for transfer to the
interior, leaving $913.7t0 net gain to the
banks on extraordinary operations.
=. Receipts by the subtPeasury for Gus
toms, internal revenue and other items
were $i6, 929 900, while the disbursements
to the banks for ordinary purposes were
S1f,S0a;300. leaving an excess Of receipts
S4,62S, 700. The banks shipped directly
to the interior, chiefly to Chicago, s., $685.
$50. exclusive of transfers which are in
Guided IN the above statement, and the
banks received from the interior 81 3395 300
leaving as the net loss to the banks, on
this direct movement 81, 603,500. Adding
the net loss to the banks of s., 10. 500 on
subtreasurJ operations both ordinary
and extraordinary, makes the total loss
OF S5,23o,IG0 in cash. The loans were eX-
banded by S,349, 200. There was a de-
crease of only $2I,7G0 in deposits, whereas
there should have been an increase Of
$5,114.1G0
The circulation gained s1,OS9, 800, and
the loss in surplus reserve was Sc 22S, It's.
leaving this item 81. SIS. S25
Ihere was good evidence early in the
last week that some of $4,G09,0G0 cash
which had been sent to Philadelphia late
IL the past week had been returned to
this city. How much of this money came
back, however, it is difficult to estimate,
but to the extent that it was returned
the condition of banks, as regards cash,
was improved. 1t will be observed that
the drain of money into the treasury
from the banks for customs and internal
revenue was quite large last week and
this movement may continue in the near
movement to the interior for csop par-
poses would very soon seriously reduce
the surplus reserves. 1t is true that the
assistant treasurer has been given au-
thority to buy bonds to liberal amounts
should they be offered, but judging from
the comparatively small tenders of bonds
which were made last week, relief to the
market through bond purchases should
relief be needed will be quite ineffective
Any material advance in rate for money
as the result of these conditions would
be almost certain to cause such a fall in
foreign exchange rates as to bring gold
from Europe. This would afford far more
effective relief to the market than any
other available method.
LONDON CLOSING STOCKS.