The record-union., 1899-10-06
The Returns Of Bank CIearings for
the Month Of September
Confirm Early Advlcss Of a Maintenance
OF the Volume of General Business.
The Aggregate CIearings for the
Nine Months Ending Septem-
Der 3Oth the Heaviest Ever
Known, Exceeding the Years
Record Total of 1898.

NEW YORK. Oct. 5.-Bradstreet's
will next Saturday say:
September bank clearing returns
conf1rm early advices of the mainten-
ance of the country's general trade and
productive industry in exceedingly
large volume. When it is recalled that
owing to holiday observances at lead
ing cities the number of business days
in September was the smallest of any
month except February, the facts that
the aggregate clearings at seventy-six
cities exceeded 81 ,000, 100000 were
larger than those of August and nearly
as neavy as those of July, are evil
dence, in the absence of any particular
activity in stock or other speculation,
of the immense volume of business
which was done.
AS illustrative of the great advance
in business in this over preceding
years, the nine months clearings re-
turns are no less significant. The total
clearings for nine months this year ag-
gregate sum greater than the entire
1898 total, though there are three
months yet to elapSe before the year is
complete. In this connection the an
nual report of Manager Sherrer of the
New York Clearing house shows that
the aggregate bank clearings in the
year ending with September We're the
heaviest ever known, exceeding by
nearly 000,000,000 the record total
of 1888, and this, Notwithstanding that
now less than ever before do the New
York City bank clearings represent
speculative transactions, and on the
contrary more accurately represent
legitimate business transactions than
any preceding period.
The aggregate clearings at seventy
six cities for the month of September
were S7,013,S ,S9S, ,221, a gain of nearly
2 per cent. over August, of 2S.6 per
cent. over September a year ago and
of September, 1896, and nearly II per
cent. in excess of those of September
1892
An indicative of the fact that ex-
pansion in the country's business is of
a particularly even and general char
acter, it is further to be noted that
the gain in clearings at cities outside
of New York is almost identical with
the gain at all cites. Gains by groups
of cities for September are more pro-
nounced than were those of August,
owing mainly, however, to September
last year having shown a drop from
the total of August, whereas this year
a contrary movement occurred. The
heaviest gain by any group is that from
the far Western cities, 40 per cent.
The smallest gain of any group, ~
per cent, is reported by the Southwest t.
ern cities.
Here again the evenness Of the trade
development the country over is illus
trated by the fact that five groups OIL
cities show gains within a compara-
lively narrow range of a to 81 per
cent.
For the nine months, as already re-
marked, the clearances are very large,
exceeding, in fact, the aggregate OF the
entire year 1898, which is the heaviest
there is any record of.
As compared with the nine months
returns Of 1893, this years returns
show a gain of Al per cent, are q
per cent larger than those of 1891,
are Ill per cent. heavier than in lS'4'
and 536 per cent. heavier than IN
1892