The Montgomery advertiser., 1905-04-17
THE FINANcIER's STATEMENT.

fESANSIShS . Sla
 New York. April 15.-The Financier this week says:
 Last weeks official statement of the New York associated banks was favorable; 1t not only reported a small gain in surplus reserve. but an important increase in cash. The gain in the latter was $3.5I0.2OO. or about million greater than that which was estimated upon the basis of the trace able movements of money during the week This difference may be accounted for by the fact that some of the large country banfs surrendered about this sum of public funds in anticipation of the treasury call for sucn deposits.
 The loans were increased ss.s51,50o re- flecting augmented Stock Exchange bor- rowing as the result of the buoyant specu- lation during the greater part of the week reduced the net loss through contraction of this item since March 4th to 35 1-5 mil lions The deposits were augmented $1i.- soi. 300. which was ss2o, 400 less than the sum of the increase in loans and the gain in cash; therefore the statement showed a
 The required reserve was increased 3D. so0.325. the result of the augmented de- posits: deducting this sum from the gain in cash left $669.s75 as the increase in sur plus reserve to S9.352.4 Computed upon tho basis of deposits less those of $17,020,- 800 public funds: the surplus Is $lS,eO7, 525. The above noted surrender of one million of public deposits and the fact that the banks turning such funds anticipated not only the maturity of the May l6. but also that of the July l installment. would seem to indicate that these institutions are desirous of making available as promptly as possible the released bonds against de- posits for security for speculation.
 Probably uch surrenders of recalled pub lie funds will gradually increase in volume fin the near future. The statement seems to confirm the impression which has pre- vailed in the last fortnight that the spring movement of currency to the interior for crop planting purposes Is not only over for the season. but that the retuIn tide has set in and It will increase in volume. thus contributing to an expansion of cash re- nf ha han nla
 The daily average of clearings for the week were s347, 900. 900. a gain of $6.OO0, 900 compared with the previous week. The clearings on Saturday. reflectng Fridays business. were S390,05S.240. Comparisons of changes in loans show that eight banks gained s6.000.o00 net: six banks increased
 CHICAGO GRAIN AND PROVISIONS.
 Chicago April 15.-Liquijation of May ports from Nebraska however, had d counterbalancing effect. causing July wheat to close with gain of Ac May wheat is down $c. Corn shows a loss of ssc oats he ard provisions 2a @7Mc.
 notwithstanding sharp decline at Liv- erpool due to predictions of liberal in- crease in worlds shipments the wheat mar ket here opened firm. Initial quotations Sn %sv July E.. were gre up %S 4e at s7sc to ssc. $l.l6. One cause of the opening strength was decided drop in temperature through from Minneapolis that May wheat there was up over 1c on the curb. In the North h. west snow was reported in many sections. Sentiment soon became bearish however. on selling of May by houses supposed to be acting for Wall Street coterie A prom inent long here was also credited with sell- ing May. Within snort time the price of May had descended to $1.l4. The break in May had weakening influence on the clined to s7Sc. An increase in primary receipts tended also to create bearish sen timent Later, however. future dellverles became quite firm covering by shorts. Part Of the buying resulted from a few ad- ditional reports of damage to the crop Tn Nebraska. Another factor was a forecast of extreme cold weather The demand was sufficient to force July up to SSh q sSkc The May delivery. however. was inclined to drag under persistent selling by Influential traders. At the close July sold at S7Nc. May closed at Sl. IA. Clearances of wheat and flour were equal to 243.7O0 bushels Primray receipts were 305.000 bushels, com pared with 22l.5o0 bushels a year dsp Minneapolis, Duluth and Chicago reported receipts of 229 cars. against 16S last week
 The chief feature of trading in the corn market was heavy realizing in May. Cash houses were liberal sellers. Probability of sulting from early completion of spring work on farms was of the principal hearish factors. Lower prices at Liverpool in anticipation of increased shipments from Argentna- aided the bears here July opened unchanged to a shade lower at 4sL Q4s%c to 4shc sold off to 47ss Q47%c and closed at 4Sc.
 Selling by longs and commission houses caused weak undertone to the oats mar ket. Buying was principally by shorts. . Weakness of corn was the chief depressing factor Prices at the sample tables were off F Qlc, and shipping demand was ex- tremeiy dull. July opened unchanged at 3oc. sold between 29%c and SoqsOhc and closed at 297Sc.
 Provisions were firm early in the session hogs. Later provisions weakened in sym pathy with break in Trading was very quiet. At the close July pork was off 714c at SIS. %, Lard was down 2ltc at ,45 Ribs were SC lower at S7.2ih