The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-04
JULY BANK CLEARINGs,
They Compare Most Fnyornbly WIN
the sumo Months Prc,.inu. N.n..


| New York, August 3. -Bradstreet's 10.
morrow VIII say: July BANK clearings ar,
usually OF relatively small value res
ing as they do. midsummer quietness In
| speculation and business 1t 10 no sur
prise, therefore to find that the aggregate
OF bank clearings for that month is smaller
than in any preceding month this year
with the exception of February. Compare
sons made with preceding months of July.
however, show that the volume of bank
clearings exceed that Of any corresponding
month An especially favorable showing
is made when comparison is instituted
with July, 1898, mouth of large business
and OF unprecedented midsummer clear
ings. In every instance gains by groups
of cities over 1898 prove to be heavier than
were shown in June and when the addi-
tional fact is remembered that only two
cities OF the United States showed do
creases in July from July year ago. some
idea may be had OF the immense expansion
IN current clearings which has occurred.
This practical unanimity in the matter
of gains over year ago is. In fact. most
striking feature of the months returns and
it is doubtful If in this respect at least the
leCUIu uGue IN july by tue lnulVluudi
cities has ever been equalled.
The total bank clearings at seventy-slx
cities for the month aggregated S7OSl o2b,
692. decrease of 5 per cent from the June
total, and 1871 per cent from the record
total of March, but gain of Ais per cent
over July year ago. OF
Alb per cent over July 1897, of l02
per cent over the corresponding month of
1894 and $50 per cent over July. 1892. An
~, la, No. ~
that the decrease In clearings in July total
as the falling off in July last year. The Ia
crease of AIS per cent in the month just
closed compares with a gain OF 1862 per
cent in June.
Every group OF cities showed a heavier
gain in July than In June, the Eastern
group leading with an increase OF 4b.7.
closely followed by gain of il.6 per cent
in New England. Next important In the
matter OF increase shown is the far West
ern group with a gain OF Ss.5 per cent.
Every group, however, but one-the South
western--shows an increase in excess Of
20 per cent and in this group 1t lacks only
a fraction of per cent of that gain
As intimated above, the practical unam-
ity of the cities OF the country in show
ing gains over July year ago is a spe-
cia feature of tho present year. Among
lis in the Northwestern group is prominent
with an increase OF SO per cent New
York and Boston also show large gains. the
Increase in the former being 1914 per cent
md tho latter 1876 per cent.
For the months period ended July the
total clearings at 70 cities aggregated
i55 .154 4S5.s13, total It Is hardly neces-
iary to remark never before equaled for
hat period, 45.7 per cent larger than the s
aggregate for 1888, $40 per cent larger
han that of 1897, 1lj.5 per cent larger
han that of 1894 and 5i.5 per cent in ex-
,ess of the months periods OF 1892. Here I
rs in July, the Middle States group leads
With an increase of 56.7 per cent over ,,
asst year, followed by tho New England
states with gain OF "a and at greater {
distances by the Southern group with an y
Increase of 22.7. Tho Western and North !
western States show gains in the neigh a
,orhood of is per cent each, the Western !,
states nearly il per cent and the South
western the smallest gain among Ameri- r
an cities IL per cent Canadian clearings v
10 not make as favorable comparisons
s they have for some time past. the de- r
rease. in fact reported In any month for "
long time past being noted in July
he total cearings at six cities aggregates Ia
1913, 296. AIS, a fractional decrease from v
hose OF June. and falling of fraction of $
per cent likewise from theJuly total last 81
ear. \.