The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-29
.SAVANNAHSBIC CLEARINGS
They Show the Largest Increase in
Weekly Percentages.

The C1earings Here For the Week End
ing Jan. Is Nearly rs Per Gent.
Greater Than Those of the Same
Week of the Year Before-Norfolk's
Increase Almost as Large, But 1t is
Due to the Largely Increased
Amount of Cotton Shipped to That
Port.
The manner in which the bank clear
ings of Savannah are climbing way ahead
of what they were last year, is something
extraordinary. The clearings here for no
week have fallen below what the were
during the corresponding week of the
year before for the last ten months.
This is well set forth in the table of
clearings from the seventy-fve principal
cities in the United States, published
weekly by Bradstreet's commercial
agency. For several weeks just after the
most depressing part of the monetary
stringency Savannah was the only city
in the United States which showed an in
creased percentage in clearings over the
same week of the year before, and it still
maintains from week to week the lead of
all the cities in increased percentages.
sAvANNAH's INCREASE THE LARGEST.
Other cities in the union are gradually
picking up and show increased percent
ages in their clearings, but as they do Sa-
vannah's percentage continues to increase
from week to week, and keeps the COM
paratlve business standing of the Forest
City still in the lead.
The clearings through the Savannah
clearing house for the week ending jan
uary Is, 1894, were 81, Gas, 692; which is an
increase of 74.5 per cent. over the clear
ings of the same week of last year. This
is the largest percentage increase shown
by Bradstreet's table, and out of seventy
five cities there are only eleven which
show any increase at all. Norfolk is the
only city of any Importance which shows
anything near like the same per centage in
crease as is seen in Savannah. The clear
ings at that port for the week ending
Jan. Is were Sl,051 SIT, which is an in
crense of III over those of the same week
last year. Richmond, Va, shows an in
crease over the same week of last year of
Is per cent, and the other eight cities
which show any increase at all are in the
west or extreme north.
THE INCREASE AT NORFOLK DUE TO COTTON.
The largely increased percentage at
Norfolk caa be accounted for by the large
movement of cotton to that port, about
which so much has been said of late The
railroads to that port have fixed the mat
ter somehow by removal of the differ
entail or otherwise, so that they have
been carrying an extraordinary amount
Of cotton to that port for the last two or
three months, and that, too, to the detri-
ment of the South Atlantic ports
ButSavannah has held her own through
it all Her steady and largely increased
clearings are a strong evidence of her
solid financial basis In spite of the de-
pressed condition of business, and in spite
of the large depreciation in almost all
classes Of securities held here, the pro-
duce has continued to move to this port
and through it to other points, aud sub
stantial results are seen in the figures
which show how large the transactions
have been. The railroads centering here
have been doing an extraordinarily large
business during the last three or four
months, which accounts, to a great ex-
tent, for the prosperity of this port.