BANK CLEARINGS 
Year 
1921 
1922 
1923 
1924 
1925 
1926 
1927 
1928 
1929 
Pittsburgh 
$ 6,808,000,000 
6,758,000,000 
8,213,000,000 
8,037,000,000 
8,857,000,000 
9,198,000,000 
9,289,000,000 
9,453,000,000 
10.162.000.000 
Fourth District 
15 Cities 
$16,339,000,000 
16,429,000,000 
19,459,000,000 
19,023,000,000 
20,823,000,000 
21,583,000,000 
22,013,000,000 
22.741,000,000 
PITTSBURGH'S CAPITAL INVESTMENT 
Approximately $1,125,000,000 is invested in the mills, 
factories, mines and quarries of the Metropolitan Area of 
Pittsburgh, it is shown by the newest study to be completed 
by the Department of Internal Affairs of the Pennsylvania 
State Government. 
Capital investment is growing rapidly in the area. Four 
years ago, the total was approximately $1,104,000,000 com- 
pared with $902,000,000 eight years ago and with $888,000,000 
twelve years ago. Thus it is shown that in slightly more than 
one decade the investment has grown approximately twenty- 
five per cent. In few industrial communities is it found worth 
while to invest money as rapidly. 
It is reasonable to assume that this capital investment will 
show a consistent growth. This observation is based upon a 
natural assumption that so long as America grows the demand 
for Pittsburgh products will increase apace with natural con- 
sumption. Pittsburgh is strategically located for the economic 
acquirement of the iron ore and coal used in its major produc- 
tions, and has adequate transportation facilities, both by rail 
and by water. 
The natural advantages of the city are decided factors in 
its favor for the attraction of new industries, and the alertness 
of its leaders in recognizing the necessity for a diversification 
of its industrial output promises a healthy growth for the 
future.