New-York tribune., 1907-12-05

Boston, Dec I'm Boston banking circles II is
believed that the cash on hand in local national
banks Is extremely the legal reserve, but as
neither the trust companies the savings banks
are members of the Clearing House 1t is impossible
10 ascertain, approximate the total amount
| OF cash held by the banks of this city.
! San Francisco. Dec. 4-Homer S. King president
of the San Francisco Clearing House Association.
said to-day that all the banks in his association
in good shape. Since the financial strinGency
| began they have been building up their reserves
| until all are normal and in a few cases above the
requirements
Business is improving every day and the issu-
ance Of drafts against shipments of fruit and grain,
which for a time suspended, has been resumed.
The call for a statement OF their condition was
expected by the banks. and replies will be promptly
made Mr.. King could give no estimate Of the
amount Of money in the national banks, as only
seven OF the eighteen in this city members Of
the clearing house.
St. Louis. Dec 4-Statements by St Louis ma
tional banks are expected 10 show that most Of
the banks are carrying large cash reserves After
the statements made II is thought. the excess
reserve will be released for circulation. making
money more plentiful.
Cincinnati Dec. 4-In the belief that IL would
tend TO speedier complete restoration or financial
confidence :he call for a report the condition
IF national banks welcomed heartily by Gin
cinnati bankers to-day.
Their view voiced by Vice-President Lem
mon Of the Third National Bank. who said:
1t is very good to let the people know the exact
situation, as that will do much their
confidence. Most Of them already realize the sit
uation. which has been greatly relieved hereto
fore by the common sense attitude of the news
, papers In giving the fullest publicity all inan-
cial matters and doing it cheerfully in q way to
inspire confidence"
Kansas City Dec. 4-The amount now held by
the Kansas City banks is about normal, accord
ing the statements of leading bankers here. and
the reserves are placed at between 10 and 30 per
cent OF the deposits. Most Of the small country
banks in this part OF the Southwest said, how
ever, TO hold almost double their usual amount
of cash. for the reason that many OF the large
Kansas City institutions have shipped much
rency 10 their correspondents in these places.
Denver. Dec. 4-John c Mitchell, secretary Of
the Denver Clearing House Association. said to-
day:
The Denver banks will make good. strong
statement There viii show a shrinkage in the
amount Of deposits. but the statement VIII show
that the banks are in sound financial condition
Mr.. Mitchell said that, while the reserve held
by the Denver banks was large, IL was not ex-
cessively SO, and that much OF it was deposited
in Eastern depository banks.
Cleveland, Dec 4.-The Cleveland Clearing House
IS preparing a statement to the cash reserve
in the national banks Of this city. II was stated
BY an official of the clearing house that the cash
reserve in Cleveland IS close to the 70 per cent
St Paul, Dec. 4-Bankers IN St Paul were not
surprised at the call a statement. Locally the
situation IS said 10 be strong, and checks are
being cashed in reasonable amounts.
Indianapolis. Dec. 4-Statements OF the Indian
apoIis national banks published this afternoon
show that all have cash well above the legal re-
serve several Of the larger banks showing as high
as Il and 81 per cent. There has been slight
shrinkage in deposits.
Milwaukee, Dec. 4.-Aiilwaukee national banks
have approximately SI2Ge0.000 cash on hand to-
day. compared with S17eo0,G0 q year ago. The
total deposits aggregate nearly $h5J0@A con-
siderable excess of cash hand over the p per
cent requirement is thus shown
Memphis Dec. As. y. Read president Of the
Union and Planters Bank and president Of the
Memphis Clearing House. said to-day that hnan-
cial conditions in Memphis decidedly better
..Au the Memphis banks now have sufficient
money 10 take proper care Of their customers
said Mr. Read 1.-The local banks are cancelling
recentlv issued cashiers checks in large numbers,
and We hope for normal conditions before the
month passed