The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-08-02
STATEMENT OF BANK AVERAGES.
Loans show Increase Instead Of Exc
pecfed Decrease.

LOANS snow 1nCxG88S xDotC8& VI 80
pecfed Decrease.
New York Aug. 1.-The weekly statement
az averages by the associated banks shows:
Luans sos S64, 500. increase $e6s. 500.
Deposits so. s57. 100, increase N.4sosA
Circulation 49, go. increase $4,000
Legal tenders $SG,7S6,10, increase SSS,Uoe
Specie DTS, $40. increase N.5n.1o0
Total reserve t2s1,5A.500. increase N,o14. -
800.
reserve required $227.4e4l25. increase a.
6oz5.
surplus $24oeo.o75. increase S.1Ask
Ex-United States deposits $50. As. in-T
creased $5,150,150. =
The Financier says: {
statement Of the New York associated
Gus week, the returns failed to reflect, in.
market, which was quite large at the end
of the week ending July Is, and which con-
tinued during tho early part at least OF the
loans made By the PENNSYLVANIA Railroad
Company during the week was not shown in
the statement
loans. as was confidently looked for. there
was an increase Of $S6a. 500. following gain
Of $ss420 in the previous week. making
q, $4,000 for the fortnight The only rea.
sonable explanation which can be made Of
this failure Of the statement to show the
expected decrease In loans Is that. the loan
suit of the unsettled stock market were rev
placed with the purchasers Of stock early
syivania Railroad which were repaid were
originally effected with trust companies and
institutions other than the banks and.
therefore,; that their cancellation was not
reflected In the bank statement.
increase Of si.o14s so. Or sl.s20.2oo less than
the traceable movements Of money. This
discrepancy may. however. be accounted for
by the fact that on the last day Of the
bank week the Assistant Treasurer was
CT edited at the clearinghouse with q, 764 49,
caused by the payment through the banks
aDe and that az this credit Sanes e and
the partially offsetting payment by the Sub
treasury of 100000 on account OF transfer
of gold from San Francisco were not iucludf
The deposits increased H.4so.soo .whicft'
sum was Sass, 800 less than that called for
loans. therefore. the statement did not
balance. The required reserve against de-
posits was increased $1,&0 225. Deductlng this
sum from the gain in cash left $5.1A57s. as !,
the increase in surplus reserve, which now
stands at $24 060, 075. against $2900. 75 Janu,.-
airy 81. which was the highest of the year,
those Of 81 Isl, i32 public funds. the surplus ;
IL So, $50 AS. 1t is noteworthy that the de-
a an excess 9th. Of the latter over deposits Of
6o2 800 In the previous week. The change was
effected almost wholly through the increase
in deposits, however.
Bar Silver.
New York. Aug. 1.-Bar silver 6lkc per o.. At
London. steady; g 4-isd per
Treasury Statement.
SIS. s 81. II: GO gold So 81. sass. -
new York Curb Market.
REPUBLIC SPECIAL
New York, Aug. 1.-Early strength dominated
the opening Of the curb market. Northern Securi-
ties advanced over cent from the previous :
close, but later lost part Of this. With the ex-
ceptfon OF Northern Securities. the market was
quiet and dull Total trades were 1000 shares.
Northern Securities was strong and more &C. &C.
tive than IL has been In some time, owing TO the
favorable decision in the United States Court.
1t made advance Of over per cent cary:
nd then down to 30 on sales OF 45o0 shares Sea-
board common sold at 10 for 100 shares and an
old lot Of 10 shares of the preferred sold at
"a Mercantile Marine common sold at ~ for
g shares and . shares OF the preferred sold az