The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-05-05
THE MONTHS BANK CLEARiNGS.
April Figures Were Remarkable Large,
Increases Being Recorded Everywhere.


Increases Being Recorded Everywhere.
New York, May 4.-Bradstreets of May
6 will say: Widespread business activity
and heavy financial transactions, resulting
from or consequent upon the large num-
Der of Industrial combinations planned or
executed during the month of April, seem
to have been largely responsible for the
heavy bank cleafings reported for that
month. because stock speculation was
rather quieter than in March or the pre-
ceding months. April clearings, in fact,
deserve special notice, because, though
they were smaller by 5 per cent than the
aggregate of March, this was owing
chiefly to the smaller number of business
days in that month. because the average
daily clearances were heavier than the
like average for the month of March. In
percentage of gain. too the increase
shown over April a year ago was the
heaviest noted this year. and the result is
a further enlargement of the gain report
ed for the calendar year over recent pre-
ceding periods.
The aggregate bank clearings for the
month Just closed were IS, 266 1863, 0S9, a gain
of 66.5 per cent over April one year ago.
an increase of 1902 per cent over the month
of April. 1897. a gain of 122 per cent over
the corresponding month in 1894. and an
increase of So per cent over the like per-
iod of 1892. The heavy gain for April
compares with an increase of SIG per cent
during the month of March, of PSI per
cent in February and Alb per cent in
January over corresponding periods OF
last year
Relatively, the best showing for April
was that made in the middle states group
of cities. In this section the increase re-
ported over April a year ago was in ex-
cess of SO per cent, the next heaviest gain
being that reported by the New England
| cities, 4S per cent. Other considerable
gains are those of 90 per cent in the
Southern cities, 1875 per cent in the West
ern group and 113 in the Northwestern.
For some time past the gains in the
Southwest and the far Western groups
have been comparatively moderate, but
even here the Increases have ranged
from to 5 per cent.
A rather better showing Is naturally
made by the individual cities than was
reported in March. The gain at New
York is heavier than it was in that month
| last year, "a per cent in April, against Il
| per cent in March and the increase in the
| rest of the country in April was 23.2 pei
| cent against % per cent in March, Ir
the West the heavy decrease reported by
| Omaha, % per cent. due to the Withdrawal
| of some bank clearings from current to.
| tails. is a notable feature. Bostons clear.
ings in April were very heavy, and the
| gain over a year ago. % per cent. is 6
notable one. &. The gain shown by Phila
| delphia equals this. however. Chicago
shows a gain Or 14.5 per cent over a veal
ago. Activitvsin the iron trade is reflect
ed by the gain Of TStper cent at Pttsburg
st. Louis shows a gain of 10 per cent, a:
does San francisco.
For the four months period of the cal
endar year the clearings aggregate $S2.
405 ,437. $50 a gain of AGA per cent owe
1898, of 81 per cent over, 1897, of 120 pc
cent over 1894 and of SO per cent over 1892
The gain in New England is over % pc
cent, while the increases in the Northwes
and South exceed 20 per cent in each case
| The gain In the far West for the fou
months closely approXimates that show
for April ga per cent, while the gain il
the Southwest is also a moderate one S.
per cent.
Canadian bank clearings for April wer
smaller than those of March. The clear
ings at six Canadian cities for the mont
aggregate $l1S356. 564, an increase of 10 pc
cent compared with a gain of only pc
cent in March or less than per cent i
February and less nan 10 per cent i
January, while for the four months tn
clearings aggregate $491, 1854, 795, an increas
of 50 per cent