The San Francisco call., 1901-12-22
Associated Banks Statement.

NEW YORK, Dec. 21.--The statement of the
Associated Banks for the week ending to-day
shows: Loans. 1857, OO5, 400; decrease, 3d.
36s, 800. Deposits, $2o4, ,O96 300; decrease. $19-
062 900. Circulation, $31 929, 300; increase, $780,
800. Legal tenders, $40 7G0 600i decrease,
81, ,O25, 200. Specie, S101, 04S, 500; decrease,
$3,410,000. Reserves, 1921, 500, 400; decrease,
81, 435. 200. Reserve required. 1929 024 O75;
decrease, s4,T65. 500. Surplus, So, 7s5, ,325; in
The Financier says: The traceable move
ments of money this week, so far as they
affected the bank statement, showed a loss
to the banks of $1,7OO, 900. The institutions
gained through receipts of gold and for
bond purchases, and they also gained through
the direct interior movement. The loss to the
banks, however, was largely caused by internal
revenue and customs payments into the treas
ury. which more than offset disbursements by
that office for pensions and for January inter-
est. The banks also lost through transfers of
the payments by the Treasury for unmatured
bonds were quite small, amounting to only
S214, 200 and 1t seems likely that the offerings
of these bonds to the Treasury will continue
light for the remainder Of the year The bank
statement shows even gerater loss of cash
specie Being 81 1886 and Of lega tendeGs s
S1,o25,200, making a total Of 81, 435, 200. Loans
were reduced by $13, 3,3GS, 500, making a reduc-
tlon OF S24, 546, 600 in this item in two weeks.
Deposits decreased S19, 2GO 600 which with the
decrease in the previous week. makes total
reserve requirements last week resulted in
gain in surplus reserves Of $3.50, 300, notWith-
standing the loss Of cash. The surplus now
stands at So, 325 The specie in the banks
is now S3 7T9 900 below the lowest of the year
which was recorded January 5. Compared with
q year ago, however, the specie is 81, ,047, 800
than the minimum Of the year which was
$5,211, ,525 July G. but it is less by S3,711,6 ,675
than the surplus at the corresponding date in
1900 1t seems quite possible that part of the
arrangement in loans observable last week was
due to some shifting incident to the payment
Of about $50, 100000 for Illinois Central
stock and for nearly $S, ,000, 900 Of New Yorl,
City bonds. 1t appears unlikely that the re-
duction of S13, 36S. 500 in this item was wholly
due to liquidation of speculative accounts on
the Stock Exchange, and hence 1t is fair TO
assume that the large transactions such as
above responsible for the decrease There
in surplus reserves after the beginning of the
new year, judging from such movements in
previous years. In January of the current
year there was a steady gain in cash each,
week. and by January &c the cash had been
augmented S33, ,267, 600 and the surplus had in
creased from $14, 150,oI5 the 9Th to $50 1893
400, the maximum Of the year on the above
date. In this interval loans were expanded
and deposits rapidly rose toward the 81. 900 600
600 mark, which was reached February 16
CLOSING.
LONDON, Dec. 21.-Anaconda 5X: Atcbi
son, COZ; Atchison preferred, 1O316; Canadian
Pacific, 11612 Denver and Rio Grande All
Denver and Rio Grande preferred, 96Ib; NORTH
ern Pacific preferred, 102; Southern Pacific
62H; Union Pacific, 1851 Union Pacific pre
ferred 81 "a. Bar silver, dull, 251hd per ounce
cent