Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1916-01-13

Decidedly Encouraging From Ev-
cry Standpoint.

CJy OlottOpU!Ills
Speaking of conditions generally il
Canada. the most encouraging featur,
of the year, from q trade and tinancia
standpoint, has been the bountifu
harvest OF the Northwest, where +;
greatly increased area under cultiva
ton has given the highest average
yield in the history Of the country. II
is estimated that the grain crop Of
Manitoba, Saskatchewan and Alberta
has q market value to the producers Of
approximately four hundred million
dollars, in the use of which we may
anticipate not only tho liquidation OF
much indebtedness, but the stimula'
ton of current trade.
The annual reports of the various
banks throughout Canada are now be.
ing published. They SAVIOR of opti-
mism all the way through, and, con.
trary to what might be generally ex.
pected in wal times, business is good
everywhere.
The General Manager of the Bank Of
Montreal at the recent annual meet.
ing said: The position OF Canada is
a highly favored one, with an assured
future of growth, development and
general prosperity"
In the same report 1t is said that the
Canadian West 'haa recovered to a
marked extent from the economic dis
location OF a year ago"
The seasons wheat and other cereal
crops have exceeded all previous rec
'ords in quantity and quality, and, de-
spite the enormous yield, prices have
been uncommonly we'll maintained.
It would be difficult to exaggerate
the Importance of these results to the
Prairie Provsncas-and the Dominion
at large.
The prosperity Of those engaged in
mixed farming and ranching is most
encouraging.
The -four mills in Manitoba, Sas.
Ikatchewan and Alberta are busy and
are doing well. Their combined daily
capacity Is about 1900 barrels.
The large advances of the Dominion
Government to farmers in certain dis
ltrtcts. principally in the form of seed,
were made very opportunity and have
been amply justified by the very large
crop yield in those districts.
Business in many important lines is
good and should continue to improve
'as returns from grain yet to be mar.
sketed M received.
Tho general business outlook has
been transformed by the large crop.
The returns of the gross earnings Of
Canadian railroads for November show
those of the Canadian Pacific in.
creased 81, 796. 900 or 7S per cent for
the last nine days of this month. Com
pared with same month year ago, in
crease no less than gs~5,2s91,O00 or SIG
per cent against a As per cant gain in
October. and a decrease Of Az per
cent in September.
4 III. v. Meredith, OF the Bank of Mont
real. In q recent address delivered at
Montreal, declared that the most eli
cOuraging feature from a trade and
finance standpoint had been the boun-
tiful harvest of the Northwest, where
the greatly increased area under cult
Walton had given the highest average
IN history Of the country. He esti-
mated the grain crop IT the three
Provinces at a value of sver $400, OO0,-
VOO, and said that such remarkable re-.
suits would have the effect Ct attract.
Ing tho tide Of immigration to our
shores, when the world is again at
peace. The restoration of a favorable
balance In our foreign trade is a fac.
tor Of supreme Importance Mt the pres.
emit time.
It is tho general opinion in the East
that the 1916 grain crop in the Prai.
RE Provinces not only put tho whole
Dominion in Il soullder trade and finan.
ctal standing, hut that it will also re-.
suit stn. ia big increase III Immigration
TO the West OF agricultural settlers,
who will include capitalized farmers
from Europe and the United States as
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