The Providence news. (Providence [R.I.]) 1891-1906, 1905-09-08
Aggregates Never Approached
In the Country's History.
REACTION IN THE SOUTHWEST.
Largest Total Ever Recorded In New York
Ard Nearly 100 Cities Outside Gtod
Gain In New England.

Less han the ordinary midsummer
clearings. In fact. the showing made
bears out the statements several times re-
peated during the past summer that there
had been practically no dull season this
year in a humble OF lines. A wear ago.
II will be recalled. the first half OF the
year was a period Of reaction. the effects
OF which were visible several months
after the tide had turned for the better.
AGGREGATES NEVER APPROACHED.
This year the clearIngs returns point
TO the usual hot weather reaction being
less marked than usual, and certainly
never before in the %country's history have
the bank clearings totals in July and
August approached the aggregates re-
corded this year. For the eighth time
this year. and for II months in succession,
the monthly clearings have been express
ible only In IL figures, or. 10 put II more
eXnctly. in tens OF billions. In only one
section OF the United States. the south
west. is there any reduction in clearings
visible from a year ago. and in these the
influences making for large totals a year
ago were very marked.
REACTION IN THE SOUTHWEST.
The reaction in the southwest is under
standable. because last year the Worlds
fair at ST. Louis caused movements
not repeated this year. while the
crop movement in 1894 was certainly
earlier than II was In 1905. The addition
Of Augustus totals 20 those OF the seven
months OF course has swelled the calendar
years total enormously, and there IL
already assured an aggregate OF clearings
for the whole country this year never
heretofore approached.
NEW YORK AND OUTSIDE.
Bank clcarings At 81 cities for the
month OF August this year. as reported
10 Bradstreets. aggregate l0-S2s- as9. zG0, n
total slightly larger than nat recorded
In July. 30 per cent heavier than that
reported In August a year ago. and 81
per cent larger than the heretofore record
August total OF 1902. Cleariugs AT New
York city foot up 81, $50. 76i,9 ls, a total 80
per cent larger than was recorded n year
ago and ~ per cent larger than the
August. 1903, record. Outside OF New
York clearings reached an aggregate OF
s. s5S. 224, s4l. a gain OF 1916 per cent over
August. 1904. and 10 this extent the largest
total ever recorded. Large gains are
shown in oil but two sections. the south
west. where a fraction Of ! per cont loss
IL shown. and the central west. where a
gain OF 3 per cent is noted.
NEW ENGLAND'S GOOD GAIN.
In the other sections the gains range
from 46 per cent I'm the middle states
group to "a per cent I'm the far west, 202
per cent in the south. IA per cent in New
England and lis per cent in the north
west.
Bank %clearings AT % cities for eight
months aggregate s92, 29s, l69. 997. a gain OF
SS.9 per cent over last year and OF 10
per cent over the record total Of 1901. New
York city's total exceeded last year by
557 per cent. while the aggregate out
side OF the metropolis is u per cent larger
thar ever before.
Bank clearings at II Canadian cities for
August aggregated S272, C36. 800, while the
eight-months total Aggregates 81, l02. u.s.
isS. gains OF respectively % and IS per
cent over the preceding year.