The Birmingham age-herald., 1911-11-19

reserve. s10, 4o2s50; decrease, 8, 800; trust
 companies reserve with clearing house
 members carrying 20 per cent cash re-
 serve, $57,0S3,000
 Summary of state banks and trust com
 panies in greater New York not reporting
 to the New York clearing house: Loans,
 s596761, 700: decrease, s4,210,00O; specie, $62,-
 63S, 300; decrease, s5s7, 300; legal tenders,
 $i0s20,30G; decrease, s231 800. Total depos-
 its, s6730S5.1oo; increase, S,S162oo.
 cier says.
 decrease of s3.205,200 in excess of
 reserve was feature of the New York
 clearing house statement for the week
 ending November 1S. This decrease
 was brought about by a loss of S5,733,-
 900 in cash, traceable to shipments of
 specie to Canada and treasury opera
 tions.
 Loans contracted amounted to $5,-
 S53,000 and while the cash and loan
 decrease brought about a reduction of
 $10,6S9, 1000 in net deposits thus lessen
 ing requirement. reserve by something
 over two and half millions. the loss
 in cash already mentioned was respon-
 sible for the shrinkage in surplus
 which now stands according to actual condition figures at $10,d02,850.
 The surplus reserve above the 25 per
 cent minimum figured on the daily av-
 craze system stands at $13,0S1,200 an
 increase of $1,036,o50 compared with
 the previous week.
 The statement of trust companies
 made independently of the clearing house exhibit indicated that the changes noted in the latter were brought about mostly from the operations of the banks rather than the trust companies. The state banks and trust companies not reporting to the clearing house showed contraction of s4,210,800 in loans and of s3,032,200 in net deposits. American Securities London, November 1S.-American se- curities quiet and steady today and later advanced on light buying. The from Z higher to h lower than yes terday's New York close.
 Coffee Market
 New York, November 8.--Coffee fu- lures opened 13 to IS points lower under European selling and in sympathy with lower European markets. There seemed, however, to be a good local demand, par ticularly for the spring months, and these rallied sharply late in the morning on covering and bull support, with the close
 steady net points lower to 12 points up. Near months were relatively steady.
 Sales of November and December, Il .13c;
 January. H.06c; February, l3.75c; March, 13. 43c; April, l3.37c; May. June and July,
 13. .s2c; August, September and October. 13 BOG Havre was 1N francs lower Ham,
 burg was l pfennig down. Rio, 125 refs
 up at Ssx775, Santos, 50 reis lower, 4s
 ssx55O, Is Ssxl50; receipts at the two
 Brazilian ports, 62,000. against 66.000 last year; Jundiahy receipts, s7,00O, against N,- 900 last year. Fine weather was reported in all districts of Sac Paulo. New York warehouse deliveries yesterday were 15,- Oel bags, against 1S.725 last year. Spot quiet. Rio No. 2, 15c; Santos No. nominal. tft, London Stocks
 London, November 1s.--A more confi- dent feeling is beginning to be estab- ished on tho stock exchange and during the week there was an increase in pupnc investment buying. particularly in nome rails and industrials but despite the fa- vorable bank statement government secu- rites were not supported. The Nigerlu loan is not being taken up with avidity and this affected consols and other e'it edged securities. Chinese bonds closed a point lower. Min- | ing shares were depressed by continent realixation and closed weaker, but there was a good demand for Diamond stocks. Coppers were steady early in the week then they eased off on profit taking only 1 to readvance on buying of Rio tintos by Trench spectators who based their oper- ations on the favorable visible supplies statistics of the metal.
 A reactionary tendency prevailed in the American section until the announcement of the interstate commerce decision of the reports Of equipment orders by the railroad and the publication of the an- nual report of the Union Pacific road. These favorable factors turned the mar ket upward end the tone became buoy-