The Montgomery advertiser., 1908-05-03
WEEKLY BANK cLEARTNGs.

New York, May 3.--Fhe statement of that the banks hold $62.3bse00 more than the requirements of the 35 per cent. re- serve rule. This is an increase of ss.sss.15o tn the pro2ortienate cash reserve as com pared with last week
 The statement follows:
 bspos,. bssss .sGssSsso ssf inc 's;sGS
 Circulation $5S, ,24s, 500, dec sI, ne, 800
 Legal tenders sssi4T, TOO. inc. si,775 100. Specie s3ns,pl5, 0nb, the. s3,sss. 800 Reserve ss7s.7s2.7ee. inc $. os2.ooo Reserve required ssft 43S. 500, inc. sl.713. $50 Surplus ss2,ss2,e0e, inc. 8,sss,i
 Ex-1sitsS sss states Deposits sT2'7o4'SSo inc
 The percentage of actual reserves of the clearing house banks at the close of busi- 1 of the banks and trust companies of great l CT New York not members of the clearing house shows that these institutions have az sregate deposits of ssse. .s9s. 800; total cash on hand sES.7S4.s00 and loan amounting to is2e. l27. 500.
 The Financisr win say: The statement of the associated banks for the week ending May was compIcat- ed by several factors which was unusual. To begin with, the enormous over -subscrip- tion to the Pennsylvania loan of s4o. .000. 0O0 affected the showing of the banks and the sale of $25.ooe. 900 interborough notes added discrepancy between the statement of aver ages made by the banks and the statement of actual condition on saturday
 crease in surplus reserve of $3.36si5o while the actual condition indicated a decrease ln this item of ss25.65o the first decrease noted in a great many weeks. Taking the statement of actual conditions as revealing the more correct bank situation. loans i'm creased 3S.332, 900 and cash increased S2.- 5s4.3oo this despite the payments by the banks into the sub-treasury during the week of three and quarter million dollars and the continued exports Of gold to Europe and Canada.
 Deposits for the week increased s13.s5s.- 800 which Is out of proportion to the other AseEf~ anls fact noteworthy contraction of circula- tton this item showing decrease of Si.f2l.-
 The strong position of the banks was In. dicated by the fact that notwithstanding all the factors noted, their surplus reserve is only million less than one week ago Receipts from the interior will be iH- creased largely during the next two or three weeks by the fact that institutions in the snf eaiI of % public S deposits e the treasury ca @ through their New York correspondence The summary of state banks and trust companies in Greater New York not re- porting to the clearing house showed a heavy increase in loans amounting to $1+.- 35s.s 800 and an increase in net deposits of decreased something like $500, 900. These changes were the result of syndicate opera tions connected with new loans as noted above.
 The actual percentage of cash reserves now reported by the associated banks Is
 
 and the reserve carried by the trust compa- nies Is 31. s3 per cent NAVAL STORES. Savannah May 2-Turoentine steady 4314 q 44ci sales a7S; receipts $40; shipments s6l
 Resin firm sales e.5ss; receipts 2,3s5; shipments 51a; stock 57i1s. ABc 2:ss@ 935; G S3. .$5 q 10; H &3.75ds0; &4 SO: K S5 50' M $5 SO; S5.7b; VIC S5. SO: wv S.
 Charleston. May 2.-Turpentine quiet 43l4e; sales none.
 Rosin quiet: sales none. Quote ABC s2. SOa90; D g 900 & .0215 E 8 .05@ 10; F 33.i5d2o; G S3. 20 a 25 H s3 TO; I &4. IS a55; K $40; M s5 50; N s5 SO; VIC $5. 70 CTS; wv $5.75ds0.
 Wilmington, May 2.-spirts turpentins steady 42hc; receipts 50 casks. Resin steady $2. 65 receipts 173. Tar firm $1 90: receipts ga. Crude turpentine firm g 2S; t3 .oo and Sa.25. receipts A.