Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-09
New York Mining Stocks.
NEW YORK BANK STATEMENT
NEW YORK, February s,

NEW YORK February Sine state
ment of clearing house banks for the
week shows that the banks hold 49,
$50 IT'S more than the requirements of 2
per cont reserve ruie. This Is de-
crease of $40, ga, $50 In the proportionate
ash reserve as compared with last week
The.statement follows:
l~Ioans, s1,l39, 755, 100; increase. So S69. 600
Deposits, $1,137. 3S4, 500; decrease. ST.,
III 600. :
circulation, s67 1891 800; decrease. ST..
S72 200. 7
Legal tenders, s6O.o97, 600: decrease, S.,
915.5OO. :.
Specie. 1854 .Os1, 800: decrease. $4O5s. 300
Reserve, 1914, 17S.300; decrease. $fO.-
973,s0O
Reserve required. $2S4, 346. 125; decrease
S279.25O
Surplus, s2a, So. 17o; decrease. $780,
694, $50.
Ex United States deposits. $44.14O. $50
decrease, $11,O31,7I5
The percentage Of actual reserve of the
clearing house banks at the close OF
business yesterday was 27.7O.
The statement of banks and trust COM
panies of Greater New York. not mem
bers of the clearing house. issued for the
first time today, shows that these insti-
tutions have aggregate deposits of $613.-
47S 500; total cash on hand, 5000
and loans amounting to s77O.262.S $40.
Money on call. nominal. Time loans
steady, but quiet, 60 days, Ss4 10 4, ana N
days 4; six months, AZ.
Close-Prime mercantile paper, 5'.aG
per cent Sterling exchange. easy, with
actual business in bankers bills at 4.S64e
al $3.50 for demand. and at 4.S3a4.S31o for
fO-day bills Commercial bills, 1929 d
4S3. Bar silver 561s. Mexican dollars
Al Government bonds, steady. Railroad
bonds, easy.
The Financler will say: The official
statement of the New York associated
tanks which vas issued )ast v eek. Wa
TIN. first exhibit ever made b. such insti-
tutions which showed. in addition to the
averages of the various items during the
week, the actual condition Of the banks
as regards such items at the end OF the
bank week.
The bank statement likewise shows
what also has never been disclosed be-
fore, the summary of the condition Of
trust companies and state banks which
do not make reports OF their CONDITION
through the clearing house. Such state
mant Will enable the business public &C
be informed of the condition Of all the
financial Institutions as respects loans
specie. legal tenders and deposits
The statement of the associated banks
for the week showed, as the most striking
feature, decrease of s1O.972 800 in cash
This loss could not be reconciled with
the traceable movements of money dur.
ing the week, neither could it be ac'
counted for by the Withdrawals of public
deposits, for such Withdrawals amounted
70 only one and one-third millions com
pared with the previous week.
The most reasonable explanation of the
discrepancy between the estimated gain
in cash and the officially reported loss Is
that the trust companies, in order tc
make d good exhibit. had withdrawn cash
from the banks in which they kept theil
deposits. General bank deposits showed
a decrease of 81 ,117.OOO: consequently the
required reserve was reduced $210,2JO de
Quoting which from the loss of cash left
ssrve to so, 49,, 10. Computed upon the
funds OF $50 675, 1CO-which as above
noted were reduced s1.34S, 900 during the
week making 9,9233O0 for the fortnight
the surplus is $44 75O,9JO. Loans in
creased $3.50. 600.
The actual condition of the clearing
house banks at the close of the weel
showed a decrease Of four millions il
loans compared with the average, re-
dUction OF about two millions in cash, {
gain of million in legal tenders anC
a decrease of six millions in deposits. The
. combined loans of the associated bank:
and other banks and trust companies no
reporting through the clearing house
were s1.91O,O1S. 500: holdings of speci,
were 500 3d.. COO. of legal tenders $40, S51 ,
200 and OF posts 81. 1850. S63 900.