The Montgomery advertiser., 1903-09-06
Treasury Balance. s WAsHINGToN. Sept. 5-Treasury balances, o235. I42. 364; gold.S io6,75i.6l6.
The Financier''s Statement.


 NEW YORK, Sept. 5.-The Financer says: The notable feature of the official statement of the New York Associated Banks last week was .Sho decrease in surplus reserve. the result of n important loss in cash caused by large though exceptional movement to Boston for tho needs of a local corporation and there wore also comparative large shipments of cur rency to the South. influenced by some &C., tivisy in the movement of cotton from the ulantations. The reduction in cash was prn- cipaIiy due, however. to absorptions of money sequence of fiscal operations payments through che banks for customs and for transfers of uuternaI revenue collections from Western de- positories through their New York corre- Epondents being greatly in excess of current Endorsements by the treasury: The decrease fn specie was S2. .26 300 and in legal tenders et6i7,2OO making the total loss of cash &Se7s, 100. which amount it may be observed closely corresponds with the S35, 395, POO loss to the banks estimated upon the basis Of the traceable movements of money during the week. The required erserve was reduced S49S.- I5O, through a decrease of Sl .e92, 600 in de- posfts. Deducting this sum of S495 DO from the total loss of cash leaves S3. 36o.e5o as the decrease in surplus reserve, which is now SII.- 3ee.s75. Calculated upon the basis of depos- fta less those of S37 234.4o of public funds, 2 the surplus is S26, eos. 575. The statement xAiled to balance by S57e.2oo, this being the difference between the sum of the loss of cash less the increase of Si ,304, 800 in loans and the amount of the decrease in deposits. The above noted expansion in the loan Item was most likely due more to the extension Of ac- corumodation to mercantile borrowers than to the stock commission houses and therefore it was regarded unimportant- It may be noted that the loans are s6, 2s4. 5oo in excess of the deposits against -S2 es7.6oo in the previous week. Though business in the Stock Exchange was less in volume than in the week ending Aug. 2e, the average daily clearings were S2 900 900 greater, amounting to Sl 62, = 900 900; the increase was probably largely due to the September settlements which were in progress during the week. Though the decrease in surplus reserve was important, as above noted, there does not seem to be any indica- tion that the movement of money for crop purposes has begun to be large this being con- lined to shipments chiefly to the South of not more than $500 900 so far as could be traced. Moreover the fact that the treasury Is absorb ing considerable sums ought not to cause anxiety, for should these absorptions continue to be large. the secretary probably will be induced to extent relief through an increase of deposits of public funds in the national bank depositories. Comparisons of changes in loans show that three of the larger banks in creased this item by $l soc. 900 net Five institutions lost S3, oo,oo net in cash.
 New York Dry Goods.
 NEW YORK, Sept. 5.-The week in dry roods closes quietly with many houses observ- Snx only a partial business day The market s,ossesses no element of weakness, while the curtailment in progress makes the attitude of the sellers stronger and more tenabe: Ac- Afvfty continues with the 1obbers and favor- able conditions though continue to be received
 Naval Stores.
 sAvANNAH, Sept. 5.-Turpentine-Ffrm al B61k; receipts, 6I6: sales, 446: 'sxports. i4o ' Rosin~Firm: receipts. I.7l4; sales, none exports, .22o; A.. B. c. SI.s5; D. SI.eo; E. eo: Fl s2o5; G, S2. IS; H. S2.5o: I, S3: K S33o; M, S3.3o: N. S3-4o: window glass 8S5o water white. S3.7o.
 CHARLESTON, Sept. 5.-Turpentine-Nomi- Rozin-steady: A. B, c. sI.7o: D. sI75 In sI.s5; F, SI.so; G,h S2; H. S2.2o | 1z 30; K, S3 M. S3. o5; N. S3.l5 window ,srIass S3 40; water white. S3. SO.
 4 WILMINGTON Sept. 5.-Turpentne-Noth sor doing; receipts. 40 casks
 Rosin-Firm at Sl7oql.75; receipts. i77. Tar-Ffrm at SI.65: receipts. v.
 Crude turpentine-Firm at Si.7593 60: re- kaafYxfa t03