Salt Lake Tribune | 1915-11-09 | Page 4 | Salt Lake Leads in Clearings Increase

ISALT LAKE LEADS IN MIS INGREASEi Review of Bank Business in Pacific District Shows This City AheacL ! Salt I.ake City showed the largest gain In bank clearings in the month of Oc-iober Oc-iober over the same month a year ago of any city in the west, according to a report just printed in Dun's Review. The ffain was 2:1.1 per cent here, as against an average of 7.8 per cent for the entire Pacific district. In October. 1915, the bank clearings in Salt Lake totaled $33.-!3ri. $33.-!3ri. 01 , as ayainst $27,570,501 in October, 191 i. Smu Fr.-inclHco, Helena, Portland and San Diego also show healthv gains in bank clearings during the last year, but they average nearly 10 per cent lower than those of sialt Lake. Following are the figures for bank clearings in the Pacific district for October, Oc-tober, J 914, and October, 1915: October. 1 fl 5. 1914. San Francisco $25t,2tfS,0S9 $322.5ft6,5t:j Los Angeles 88,046,717 94. 39S,i60 Seattle 56,(VS,855 56,295,720 Portland 59,997,497 52,130.616 Tacoma S.544.9S6 8,728,501 Spokane 19,252,450 16,753.116 Salt Lake City. . . 3,936.516 27,570,501 Sacramento 10.500,000 9,696.289 Helena 6,611.000 6.897,062 Oakland 15,713.299 15,369,367 San Diego 8.560.647 7.621.3S8 Stockton .. 4.734.302 4.330,766 San Jose 3.866.249 4,105,162 Pacific $066,120,577 $524,493,711 Bank clearings in October, according to Dun's Review, were very large In volume and reflect a notable expansion in business busi-ness operations in practically every part of the country. The total, which includes'' in-cludes'' 129 leading cities of the United States, amounting to $20,029,524,782, is an increase of 72 per cent over October, 1914, and 2S.2 per cent over the corresponding month of 1913. The Review says: Activity in the financial and speculative specu-lative market a, payments In connection connec-tion with the big Anglo-French loan and considerable improvement in ordinary ordi-nary commercial conditions resulted in notable gains at 'New York City, exchanges at that center being 127.2 and 46.5 per cent, respectively, larger than for the same months in the two immediately preceding years, with the abnormal Increase over last year partially par-tially accounted for hy the fact that all the leading exchanges were closed at that time. The cities outside New York also make a much more favor- able exhibit than for many months, for while at some points there is still a falling off from one or both previous previ-ous years, these losses are far more than made up by the pronounced improvement im-provement at others, and the total of all centers shows a gain of 20.8 per cent over least year and 5.1 per cent as compared with two years ago, thus affording gratifying evidence of the general trend toward normal conditions condi-tions in commercial and industrial lines that has taken place during the past month.