The herald., 1897-12-12


In treating OF the large increase shown
In November bank clearings, Bradstreets
says:
While rejecting rather quleter condi-
tion of general trade in some sections of
the country, November bank clearings
would seem to point to an enlarged move
ment of business in other sections suf
fcient almost to overcome this falling off
and to leave the total of bank clearings
for the month just closed among the
largest fer at least five years past. The
elimination Of yellow fever scares and quar-
antines from tho southern states during
November is reflected in larger volume
Of clearngs in that section than for some
months past, and there Is also percepti-
bly, heavier bank movement indicated In
the western, northwes tern and far western
sections of the country. The result is that
November clearings, as whole exceed
those for every month this year but Sep
tember and October, and OF every preced-
ing November since the year 1892. In fact,
with the exception just noted. November
clearings this year are the heaviest for
any November on record.
Tho total clearings at IS cities for the
800. decrease Of A. per cent from Octo-
be-'s' heavy total. but an increase of 1863
per cent over November last year, of 1876
per cent over November, 1895. and of 81 per
cent over November 1893. The only de-
crease shown from any preceding Ncvem-
Der is that of 10 per cent. noted when COM
pared with November, 1892
The total clearings at 7s cities for the
eleven months ending with November ag
gregated $5l oil .iS9 S52, an increase over one
year ago of 10 per cent slightly smaller
gain over 1895. but an Increase over 1894
Of "a per cent. The decrease shown. as
compared with 1892. the heaviest year on
record Is only per cent. The table of
percentages of gains by groups of states
for the eleven months period was consld
erably bettered by Novembers showing,
and the result Is now that every group
OF cities in the country shows an increase
over the corresponding period a year ago
varying from n gain of less than 1 per
cent in the south to an increase of nearly
Is per cent in the southwestern group.
Z 4 4
According to the New York Daily Stock
holder. interest on bonds and dividends on
stocks in December compare as follows:
1896. 1897
Interest S147Ss.S14 s14.79S. 7SS
Dividends ............. 10.2 22S, S63 1881, O56
Total ,...............$25O O12. GU S33. 672 S44
There Is apparently no increase from bond
interest, but a material gain from divi-
dends on stocks, showing not only that
old and reliable corporations are doing
better than formerly by their sharehold-
ers, but that new dividend money Is being
disbursed either by new interpretations
or else by resumption of dividends on
the part of old ones
The enormous balances which the New
York banks have been accommodating for
the past few months. says the New York
Financcr of the 9Th inst. are shown in the
clearing. house $ aternent for the week end
Ing December 4th. Loans are now within
900 of the six hundred million mark,
and deposits are 1856. 27S, 500. which is one
third Of the total individual deposits re-
ported by the 360 national banks In the
United States October 9Th last. The rapid
increases made by the banks since May
last will be understood better when 1t Is
stated that the gain In deposits since that
time has beensn!nety millions. and in loans
more than eighty-nine millions. Compare
tiNe figures show that fifty millions of
these increased deposits and forty millions
of the loans have been made by one
bank, which holds at the present time
over ninety-one millions Of net deposits.
The statement of the banks for the week
, is favorable. Loans show continued IN
rcreaSe. the expansion of S3.416, 500 having
been distributed among a larger number
of Institutions than has been the case for
some time past Deposits increased for the
week s6.il7 100, but this is also due i'm great
part to special causes.
Starch, as an article of commercial pro-
duct, says the New York Sun, gives en-
paoyment 10 more than 5000 persons In this
country, and the annual value of the out
put is $l0000,O0O. 1t is made from potatoes
In sixty-four factories. mainly in New
England. in which 2,S24.512 bushels of po-
tatoes are used yearly TO produce 81 0OOO 900
pounds of starch; value of product, $751;
I97. In making starch from wheat five
factories are engaged; their capital is
E95,000. and the value of their product Is
e346,00O In making starch from Indian
corn sixteen factories are kept busy: cap
ital, $s.45O,OOC. The largest number of fac
tories Is in the state of Maine. total of
eighteen. There are sixteen starch fac
tories in New York, seven in Connecticut
two In Vermont, and one each in Rhode
Island and New Hampshire. In the west
the two states having the largest number
of starch factories are Minnesota and In
diana, and in the south there are no fac
tories except in one state. Florida. With
respect to the amount of capital repre-
Bented in starch works, New York stands
, ut the head.
National Bank Changes
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