The Birmingham age-herald., 1908-04-12
BANK STATEMENT
 SHOWS UP STRONG
FlNANCIER'S ANALYSIS INDICATES CONTINUED GAIN IN SURPLUS AND DECREASE OF cIRcULA- TON.

| New York, April 1.-The Financier | will say: So far as surplus reserve is concerned, the statement of averages of the New York clearing house banks and the statement of their actual con- dition as made for the week ending April II, agree almost exactly ill amount, but there was a wide dis crepancy in the changes in the various items which brought about this re- suit. The reports made by the banks of their actual condition showed an in- crease in loans of $17,292,00O, whereas l the statement of averages indicated a gain in loans amounting only to about 1 ST T,000,000. The actual increase in cash reported by the banks was $9,193, 200 | or about twice as much as had been anticipated, while the gain in cash on | the averages for the week was l 5,467 000. Taking the actual condi- ton of banks as representing the real facts, deposits resulted during the last six days s6,626,300, this increasing tn required reserve over $6,O00.00O. With ttis to contend with, however, the hanks by reason of the large gain in cash, increased their surplus reserve 52,536,625 and the total excess reserve now standing at $45,203975. which makes record for klarge period past. It is difficult to determine what caused the sudden expansion in loans , during the past week, except on the ground that the financing notes were responsible for it.
 Government deposits in New York banks remain almost stationary but with the loans which the treasury is making to the banks on account of the current deficits, it is quite likely that even with another call for tn csc gov ernment deposits in sight, the surplus reserve will not decrease as rapidly as otherwise might be expected. The circulation of national banks is still being decreased regularly, the shrink age for the past six days having been approximately s500,000. But little change was reported in the statements of trust companies and state banks not affiliated with the clearing house.
 ~~~~~-~o--c-c----.c~-~ business to the department of agriculture. These reports are nearly all from sec tions where the local creamery (either cooperative or indviduaD predomnates Careful estimates have been made from these reports which snow that the net price paid farmers for butter fat at these creameries averaged between 2S and 29 cents for the year 1907. The lowest price paid was in June. when the average was between "A and 20 cents.
 These prices are true only for the local creamery, which receives it's cream or milk direct from farmers wagons, where there is neither commission to pay for buying cream nor freight or express changes for transporting it to the chura- ing plant Commission and freight aver age from to cents per pound Farmers selling cream to agents who have to ship the cream to distant churning points may expect to receive to cents less per pound for butter fat than prices paid by local creameries.
 The United States Department of Agri- culture is desirous of getting additional information concerning the net returns farmers are receiving where by reason of their location, they are obliged to sell through buying agencies rather than to local creamery.
 It is requested that all farmers willing to assist the department of agriculture in securing information on this point will mail to the department at their earli- est convenience a report of the net price per pound received by them for butter fat for each month during 1907. If orig inal statement slips giving price per pound can be forwarded, these will be copied and returned upon request.
 w. s.