Carrizozo outlook. [volume] (Carrizozo, N.M.) 1910-1945, 1916-02-18
WONDERFUL PROGRESS
IN CANADA
II Is Over the HlII-Splendld
Bank Clearings, and the Crop
Returns Reveal Vast Posi-
biIities for the Future.

There are opportunities for invest.
ment In Canada now that may prove
attractive to American capital. Land
prices I'm the west are low and wages
less than on this side OF the line, and
whatever the outcome OF the war. the
future OF the Dominion Is assured rs
one OF prosperity I'm the development
OF It's vast resources" Chicago Tribune.
A short time ago the Canadian gov
eminent asked for private subscrip-
lions to a loan OF fifty million dollars.
Less than a month was given for com
pletion OF the subscription. on No
vember 3Oth. the day upon which sub
scriptions we're to cease. II was found
that 10 million OF dollars had been
subscribed or 90 million dollars more
than the amount asked. II there were
any so pessimlstic as TO imagine that
Canada was passing through n period
OF hard times the wonderful showing
OF this subscription should put aside
all doubts OF Canada's rapidly increas.
ing prosperity.
The bank clearlngs OF Winnipeg for
1915 were a billion and a half OF dol
lars. Think OF II. Then. In addition.
| there were the bank clearings OF the
other cities throughout Western a
ada. Regina, Saskatoon and Moose
Jaw also show big increase In clear
ings. The Winnipeg statistics show
that the city has done the biggest
financial, commercial and industrial
business in It's history in 1915. A
billion and a half are big clearlnss,
representing business on a per cap
tia basis OF over $1,000 per head for
every man, woman and child In the
city, and has gone ahead OF big a
ufacturing cities like Buffalo, and
runs n close second TO Detroit. II
has shown bigger bank clearlngs than
the middle west cities OF Minneapolis
and Duluth, and has exceeded Los
Angeles, Seattle and other noted ship
ping centers. II is now side by side
with the ten biggest cities IN North
America In amount of bank %clearings.
But because the war helped Canada
recover quickly from n natural eco
nomlc depression II does not follow
that, at the end of the war, the coun-
try must suffer n relapse, and straight
way return to a state OF inactivity and
hard times.
A Winnipeg paper, with a we'll
known reputation for conservatism In
economic n ltters says:
Canada's u~ndeveloped fields should
prove n mighty factor after the war In
adjusting the country's business from
A.a ,A-i,I q, anAlhAp Tho aNannnFlnn
figures OF this years crop, showing in
creases in production Of 80 per cent
over last year, give a slight idea Of the
future wealth stored In vast stretches
OF prairie plain yet untouched by tho
pillow. The Northwest Grain-D Dealers AS
ISOLATION on September 1 estimated
that the wheat crop OF the three Prairie
Provinces would amount to 250,S00. 000
bushels. On November 10 that esti'
mate was increased to 307, 230, 00C
bushels. The Dominion government
on September 10 estimated the West
ern wheat crop at 275,772,2OO bushels
but ON October 10 those figures were
changed to 3O4, 200, 900 bushels.
Monetary Returns for the Western
Crop.
And the amount OF money which tho
west is receiving for It's grain has moi
yet been wholly appreciated. Up L
the 10th OF December the Canadian
west had received some 40 milllor
dollars for 1872 million bushels OF III
> grain crop, OF which 149 million bush
els was wheat. The average price o
No. / Northern wheat for Septembel
was 93s cents; for October 9sl
! cents, and for the first three weeks o
November Sl03M. On the. 10th o
! December there was fully 1870 milllol
! bushels OF wheat TO be marketed. Thil
would leave about 80 minion bushel
for local consumption Ia the Pralrl'
Provinces.
: Bradstreet says:
= Confidence seems to have rcturnel
IN Canada; grain crops are exception
, ally large. prices pay the farmer, an
: the war-order lines provide work am
" aid IN circulating much money. Credi
is moro freely granted, and interio
, merchants are disposed to buy rathe
. literally. Advertisement
! A minister says the right path |