Salt Lake Telegram | 1928-01-01 | Page 30 | New York Bank Clearings a Record

New New York ork Bank Clearings a ci a Record NEW NW YORK Dec De 31 AP Bani AP-Bani Bank clearings s' s today established a new neos ne' ne high high re record ord the New York clearing clearinghouse house house- reporting a a total of 2138 OOOO for th the closing day of the year yea The Tre total for the losing closing day of ol 1926 was The previous S Qt ous oIs high e established July established July July 2 1927 1927 was The low for the year was reached Augst August Augus- 29 The record total represents clearIng clearing clear clear- ing house handling of nearly two tons of cec checks s or at 01 roughly separate vouchers Seventy per cent of ot these were handled during the Hie night and the balance by the the day force The reason for the increased Increased volume volume volume vol vol- vol- vol ume is seen sen in dividend payments made ahead of time and the transfer by check of other funds due the first firs of the year Normally the divid dividend nd checks would not reach the clearing cearIng house until Tuesday or Wednesday of next week Several banks re reported re- re reported ported the greatest total of checks forwarded to the clearing cearIng house in in- their history