Surplus reserves in the New York weekly bank statement increased 818,600,000, a familiar movement for the second week of January, when the ''year end settlements" have been completed and the reserve money, sent to outlying points during December, returns to Nev York.
The statement shows a gain of $23,000,000 in actual cash reserves, of which more than $21,000,000 represents additions to cash in the banks' own vaults. Ordinarily movement of this sort continues in substantial volume throughout January and surplus reserves increase along with On January 15 the actual surplus is 172,518,370, the largest since December 11, but it is still $51,000,000 below the high figure of 1915, reached in the middle of September.
Text read from the printed page and cleaned; old type leaves the occasional error.