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Canton Bank Clearings Hit New Peak in 1950 Record
Canton Chamber of Commerce reports bank clearings totaling 407,695,330 for 1950, up 59,144,426 from 1949, first year over 400 million. Debits reached 1,457,696,693, seventh straight year over 1 billion. December set records with 139,807,481 in debits and strong month-to-month gains. New building authorizations hit 7,186,942 for 1950, a local record, while sales tax stamps and postal revenue also posted highs. Industrial employment averaged 32,274 weekly in 1950, with December at 35,706, highest since 1945. Stark County auto sales rose with 1950 totals and December activity improving over 1949.
MENTIONED IN THIS ARTICLE
Canton
Canton Chamber of Commerce
Stark County