The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-02-14
STATEMENT OF BANK AVERAGES.
Loans still Gaining, but Deposits Arc
somewhat Smaller.

New York. Feb. 3.-The statement of
averages of the clearinghouse banks OF
this city for the five days of this week
{, shows:
Loans. 1899, 5s9. go: increase. S119. 100.
DEPOSITS. s. .C26.s5 SEQ: decrease. sl99,G0.
Legal tenders. 81. a21 100; decrease. sl,545.-
Specie. s2Os.Gil 500: decrease. ssl9.4oo
Reserve. se7G,95S eco: decrease. 81. 66S.3 CO.
s1as, 80.
Surplus. $40, 27s. sea: decrease: 81: .ss.aso.
Elk. United States deposits. s29.6 .92j; de-
crease. 1885,. lis.
The Financier his week says:
The notable features of the official
ated Banks last week were the new
high record for loans though the increase
in this item, compared with the previous
week. was small and q loss in cash. where
as the estimates. which were based upon
the traceable movements of money during
the week. indicated q g1in in this item.
tenders decreased si.si3.sS. making the
total loss of cash 81, 663. 800: the estimated
gain was 2.o3e. 100. Tn discrepancy may
Inmates included the five days ending on
| Wednesday. while the banf. statement
was made, up from transactions during
five days ending with Thursday. On that
day the banks are reported to have sent
more or less money to Baltimore. to IA
%cilitate the resumption of active business
by the institutions in that city. and this
of cash above noted.
The circulation of the banks was re-
6uced during the week by $772.300. and as
hanknotes are counted as cash. this re-
duction would partly affect the reserves.
The deposits decreased $4,000. and the
required reserve was thereby reduced
s199. $50. Deductlng this sum from the loss
Of cash leaves 81. As. $50 as the decrease in
surplus reserve. which now stands at 800
37a, 235. Calculated upon the basis of de-
posits. less these OF S37 .l54.so0 OF public
funds, the surplus is 500. 66i 1925.
The small expansion of S7l9.10n in loans
was probably due to the cancellation of
those on call. which were l%iauidated dur
ing the week. as the result of the I'M
settled conditions abroad. and 1t was most
likely also due to the light demand for
| contracts for fixed periods because of the
fact thai commission houses are. for the
present at least. vel! supplied; The
loans are now within $3.50, 100 OF the bill
lion dollar mark. AS above stated the
circulation was reduced s772. 200. making
s.. iO4. 100 in three weeks. The public de-
| posits were Increased. compared with the
previous week. by sec! so. This may posi-
bly, reflect the beginning of the concen-
tories of public funds from the interior
preparatory to the Panama Canal pay
ment.
sum of tho loss in cash less the gain in
loans being only S145, 30 greater than the
decrease in deposits The latter are now
SOC. 7sI. col in excess of the loans. against
SIS. 3c5. 100 in the previous week; The daily
average of hank rlearings for the five
lays was s2l4, o0G.C30. or s6.00G.OCO greater
than in the week ending February s: the
ciearings reported on Saturday morning,
rejecting THURSDAYS business. were S241.-
les, III. Comparisons of changes in the
item of loans show that eight banks lost
81. 30, Goo net; the changes in cash indi-
cate q gain by seven banks of s2.0oD. 900.
One OF these institutions gained $4,000, coo.