The San Francisco call., 1905-01-18
RAPID GROWTH
OF METROPOLIS
President Newhall of Cham
Der of Commerce Makes
a Series of Comparisons
PORT GAINS IN TRADE
Large Figures Are Needed
to Indicate the Import
ance of City as Center
PORT GAINS IN TRADE

At the annual meeting of the Cham
Der of Commerce yesterday reports
were submitted by President Newhall,
Secretary Scott and William NJ. Bun
ker, the Washington. D. c., represent
ative of the chamber. Incidental to
President Newhalrs report he re-
viewed the commercial conditions of
San Francisco. He said in part:
During the year 1904 the total export trade.
by sea- from San Francisco in value amounted
to more than $685. OOO 000 and the products of
California were more largely represented tnan
in any previous year. Notwithstanding the
heavy decrease in wheat export, owing TO light
crops. this was an increase In our export busl-
ness The development of trade with the
character of the business indicates that 1t is
of a permanent nature.
1908 was ST. 625, $40 Exclusive Of this there
were exports to Asia to other than the So
called Oriental countries amounting TO nearly
81, 900. 900. The year records. in addition to
this, for the first time four single outgoing
cargoes Of merchandise, namely, the Aigoa'
October 20, whose cargo was valued at ST.
4TO 600; Manchuria. on November 10. $1,76S.-
600; Aztec November 20, 81. .OS3, 600. and
the Mongolia, on December 2s, ST. 0Oo and
this did not include the treasure. but simply
the merchandise.
The total import trade by sea during the
year 1904 more than $43, 600. 0OO Com
pairing this with previous year 1t shows
gain of over S60O00 900.
The prosperity of San Francisco is shown by
the steady, substantial growth OF the banks.
The commercial banks with resources in ex-
cess of S125, 600. 600 and deposits of over $7o.-
0O0, ,000 amount to thirty-three. Eleven saw
than $176, 000, 600 and their enormous deposits
of some $160 600 coo. point to the general pros
perity of the city
Say the citys population is 450,0 600. This
shows an average per capita OF over $3.50 on
savings deposit account, very nigh average.
The national banks, seven In number. have
resources of over sec, OOO0 900 and deposits OF
more than SOS, ,000, 900. The ifty-one banks
in all in the city count their deposits at over
$250, ,0O0, 900.
The bank clearings Of 1904 in San Francisco
aggregated 81, ,5S4. e31. 1871. being an increase
over 1908 of $14. .43o. 435. This increase aver
ages more than 81 200. 900 month. The bulk
of this business was gained during the last
half Of the present year. San Franciscos
of all the Clearinghouse cities west of the
Rocky Mountains and more than five times
great the total OF all the Puget Sound
cites combined.
The reports showed that a large
amount Of work was done last year
by the chamber and that many top
les were considered and action taken
thereon.
At the close Of the annual meeting
the newly elected board of trustees
met for the purpose of organizing, Mr..
Newhall being in the chair. e. Scott
was reelected secretary. treasurer
and librarian. The standing commit
tees for the year were announced. 1t
was the sense of the board that a
communication be sent to William NJ.
Bunker in Washington requesting him
to confer with the California delega-
ton to secure the use of a revenue
cutter for service among the Goldfish
ing fleet in Bering Sea.