The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-07-06
THE MARKETS.
weekly Bank Statement.


New York. July 5.-The statement of
the associated banks for five days and
Ior the week ending today shows:
Loans. $slo.sSS,2o0; increase. s17.Ol1.-
Deposits. ss5s. s47.5 500. increase. s2.sls,-
100.
Circulation. ssl.sss.seo; increase. s227.-
Legal tenders. s7s.s2s. 500; decrease.
s., SCI 400
Specie, s17s. 11s.S 500; decrease. s517.7Oo.
Reserves. s24s. 40, 900; decrease,
S2.1S9. 100
Reserve required. s2as. ss1.s75: in
crease. s7O4.525
Surplus. s1aos4.725; decrease, s2.sss.-
New York, July 5.-The FInancier
this week says:
The official statement OF the New
York associated banks last week
showed a decrease of $2,129, 100 in cash.
of which $5I7,70O consisted of specie
and $1.671. 400 of legal tenders. The
spect with the estimates which were
based upon the traceable movements of
money during the week Indeed a dis
agreement was looked for, because the
estimate included only the changes for
the bank week UP to Thursday morn
Ing, while the official statement en-
braced the movement on that day. The
loans we're increased S17,011, 400 This
was largely due to the fact that the
additional capital and surplus of the
National City bank, which was paid
in, cash during the week, was promptly
loaned by the bank, thus augmenting
the item of loans, and more or less af-
fecting the average of loans reported
by the banks. The deposits were in
creased by $2.Sfs100 This amount is
less by more than So. 004 200 than the
sum called for by the increase of loans
and less than the decrease OF cash, and
the statement. therefore. is technically
out of proportion. The discrepancy
was. chiefly caused by the above noted
loans of the National City bank of the
cash paid in for the new stock, which
cash WAS. of course, not included in
the deposit line. The reserve required
was increased by s704.525. which sum-.
added to the 81, 1S9, 100 loss of cash
above noted. makes 81, ss3, 625 as the de-
crease in the surplus reserve, which
item now stands at S10.0S4. rs. At the
corresponding date last year it was
s., 211, 525.
The daily average of the bank clear
ings during the five days Of the bank
was $275, 0o0, 600 against daily average
Of 1904 ,o00, 900 in the previous week. The
disbursements and also to the city
banks operations in connection with
its increase of capital above referred
to. The surplus reserve of the banks,
though reduced, appears to be ample
for all requirements, even though there
should be further reduction in the
current week as the result of gold ex-
ports to France. These exports seem
likely to occur. because Paris is now
increasing its stock of gold in expecta-
ton of the conversion of about $4S,-
100000 of 81 per cent in TO per cent
rentes.
The demand for gold at Paris was
last week reflected in the decline in
exchange at Paris on London 10 25
francs 1914 centimes, and it is proba-
Bile that Paris will this week draw gold
from New York. Withdrawals hence
for shipment viii, however, be partly
through assay Office checks. Comparing
the changes in loans by the principal
banks, it appears that six institutions
gain SIS, 400, 600. of which the city alone
had $40, SOC, goo.
The net loss in specie by eight banks
was $500, 600.