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" BUSINESS AND i FINANCIAL BITS Bank clearings at twenty-two leading cities in the United States in the week ended October 5 totaled 5,923,969,000, a rise of 28.5 per cent oyer the ,606,664,000 in the preceding week, Dun and Bradstreet reports. The cost of government, federal, state and local, mounted from ,918,000,000 in 1923, to 6,900,000,000 in 1937, or from 9.96 to 30.75 per capita, the United States Chamber of Commerce asserts in a pamphlet on taxes and government spending. Chicago-department stores will adjust their sales budgets upward in anticipation of a strong fourth quarter volume and a heavy Christmas buying season, according to a survey by Dow-Jones and Co. The first co-operative effort in nearly a decade to reopen the farm mortgage field to private investment will be undertaken at the special farm mortgage conference called by the Mortgage Bankers Association of America in Chicago for next Wednesday, the opening day of the organizations annual convention at the Drake Hotel. At the National Restaurant Association convention here, a survey of both large and small establishments shows 72 per cent of the restaurants are on a profitable basis and 28 per cent are losing money.
