Show I II I As Shown by Bank Clearings By Ira C. C Tichenor B BANK clearings at 32 leading centers in the United States during May set a new high record for the period at While this immense figure shows a narrowing in the margin margi of increase ase over ver the figures of previous years the fact that there has been a gain an considering the great geat increases Increases which have followed one after another tor for several years Is Js rather remarkable I It t. t might t naturally be expected expected that tat a li limit i. i to to th the increase e. e which now ao amounts to to- approximately 10 per percent cent during the past four or r five tive years as a re result of ot the war activities and and the ensuing extension of al all kinds of ot operations due to the demand o of ot Europe for tor American goods goods- eventually would be reached That the increase Is continuing even during the prevailing process of ot credit deflation Indicates that conditions are are even much better beter than generally had been b believed The April cearIng clearings at New New york Jerk City disclosed gains gains gains' gainso o of 58 and per cent respectively in comparison with wih th the totals total of that month of ot 1919 and 1918 The May aggregate of ot is only 45 per cent ab above ye the of May last lat year and 26 per percent cent In excess of the sama bu ide the theMay clea clearings ings o of ot the same month of 1918 At points outside New York the May of or of 01 show increases of ot 75 and 32 per cent over those o of or that month of ot 1919 and 18 as a against gains of ot and 47 per cent In jn April For Foi all cities dUes the May May aggregate is per cent larg larger r than that of May l 1919 and per cent heavier than tha the clearings of ot the corr corresponding period b but t there were similar differences es i in April Apri of ot 92 ah and h per cent cen I respectively That the extreme W Western ter section of ot the te country I is prospering is shown by the fact that with win only one exception that that that of Helena all r of the thirteen thirteen leading cities of this district distrct show good good increases in bank clearings in May over those of the te s same me month la las year yea The increase e in Salt Sal Lake Lale Lales s was approximately of those showing new low records in business These figures on on top mortalities offer good reasons for tOI the te lessened amount of pessimistic talk that was indulged In in certain quarters |