The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-08

THE EDITORS VIEW
An Interesting Summary of the situa.
ton by the New York Evening Post.

Special to Tho Times Dispatch.)
NEW YORK. Feb. THE Evening
Post In Its weekly review says:
To-day's bank statement was bad; that
Is to say 1t showed a loss In cash and a
loan expansion much greater in both
cases than the market had expected. As
q result OF the seven million decrease OF
cash and the twenty million addition to
s9335.COD. a. close examination Of the
statement will, however, show that the
weeks loan expansion is not wholly OF
the increased loans do not reappear In
proportionate increase OF deposits.
This suggests, what is probably the cor
tional Banks operation with Its capital
has played some. considerable part 4
the seven odd million increase OF capital,
much increase In bank loans. then the
loans would. Of course. affect, not the de-
posts, but the capital account It IS
lions figured also In the statement.
AS for the s7,23. coo decrease in cash, It
is to be remembered that last Saturday 8
return showed on It's face an increase in
specie and legal tenders two or. three
millions larger than the facts had war
ranted. Even, with this allowance. how
are still slightly above those of a year
ago, for loans Increased and cash hold
ings decreased then also With that ex-
date in fifteen years.
Very little influence was exerted on the
I ylarlset by the statement. Prices n. had
until the return was pub b,.ss The s;.
feGoyered before the close,
watcher, as his eye scans the financial
horizon of the moment. Is, the series Of
Indications that things whose tendency
can be distinctly seen are working fav.
orably This does. not mean, of course
that there is nothing from which may BIZ
drawn an argument of potential danger
slbilities is rare. II not inconceivabe ant
the existing situation enjoys no particu
laT n ap6t Il Gufa reasonable
that corporation expenses may cut heav
& lily Into corporation profits, that gold ex
ports and the Panama settlement ma!
final supposition. that the harvests ma,
turn out deficient.
tbr9 nro are notS a. possibltes. but as
be further said that tho present i' ou t1
does not show. by any Of those automatic
signals which are the safest guides, ap
mat suHh
have not been cast ahead Of them e.N Or
Eass ae3s i viii naG for u aPY4S
!. while somewhat conflicting in their char
more conservative rnisgivlngs. In TIL
money, market not a ripple Of disturbance
early !s'v draw any den,te eoelusIons 20
Wall Street Is not well pleased at tn,
Inertia on the Stock Exchange, Since th
tltuda Is not surprising It Is, however
rather oddly. characteristics. Two month
expressing the wish for exactly what haa,,
happened. Even the leaders OF tho vii,
October performances, It Will be- rerrlem
B bered, left the message, on their depart
g yas t from the scene that the BEST e th!nI
The prayer Is granted, and at once tn
unanimous complaint arises that some
thiInYg must be, Wrong. The fact however
her than il Is in February. II ali til
aboye-named negatively favorable sign
We're present, but We're accompanied b.
excited speculatlon on the Stock Ex
change. xpeyIenced Watchers woult
take Very different view, Absence o
such Imitation Of the machine Of credit
while the governing Influences Of tn