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 compared
 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 twentyfive
 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 consumption.
 Pittsburgh is strategically located for the economic
acquirement of the iron ore and coal used in its major productions,
 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.