Farmers' champion. (Elgin, Okla.) 1912-1922, 1916-01-12
WESTERN CANADA'S
GREAT HARVEST.
Decidedly Encouraging From Ey.
cry Standpoint.


Canada. the most encouraging feature
OF the year. from trade ana financial
standpoint, has been the bOuniltul
harvest Of the Northwest. where q
greatly Increased area under cU.tiya.
ton has given the highest average
yield In the history OF the couptry Il
is estimated that tho grain crop oi
Manitoba, Saskatchewan ayd Alberta
has market value TO the producers Of
approximately four hundred million
dollars. IN the use OF which we may
anticipate not only ne LIQUIDATION Of
much Indebtedness but the stmula
tion OF current trade
The annual reports of the various.
banks throughout Canada are now b..
ing Published They SAVIOR Of OPT
mism all the way through. and. con-
trary to what might be- generally ey.
pected in war times. business is good
everywhere.
The General Manager o' tho Bank a.
Montreal at the recent annual meet
ing said The position OF Canada s
highly favored one, with an assured
future Of growth, development and
general prosperity
In the same report 1t is said that tie
Canadian West has recovered 10 a
marked extent from the economic dis
location of year ago.
The seasons wheat and ether &C. ..
crops have exceeded all previous T.
ords in quantity and quality. and. de
spite the enormous yield. prices have
been unccmmonly well maintained
1t would be difficult 10 exaggerate
the importance OF these results to tie
Prairie Proyinces-and the Dominion
at large.
The prosperity OF those engaged in
mixed farming ana ranchiug is mos,
encouraging
The Hour mills in Manitoba. Sas
katchewan 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.
tricts, principally In the form OF seed.
were made very opportun,l and have
been amply justified by the very large
crcr yield in those districts.
Business in many important lines is
good and should continue to improve
as returns from grain yet TO be mar
keted are received
The 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 Sl.7sG.0OO or IS per cent for
the last nine lays OF the month. com
pared with same month year ago. in.
crease no less than S5.29l. 900 or G.
per cent against a 80 per cent gain in
October and a decrease OF Az per
cent IN September.
II. V. Meredith. OF the Bank Of Mont.
real In IA recent address delivered at
Montreal, declared that the most en.
couragiug feature from trade and
finance standpoint had been the bo4n.
tiiul harvest of the Northwest. where
the greatly increased area under cult.
walton had given the highest average
IL history OF the country. lie esti.
mated the grain crop of the three
provinces at "a value Cf over 100000.
coo, and said that such remarkable re.
suits would have the effect of attract.
ing the tide OF immigration to our
shores, when the world is again at
peace. The restoration of a favorable
balance ir our foreign trade is fac.
tor Of supreme importance at the pres
ent time.
II is the general opinion in the East
that the 1915 grain crop in the prai.
rie Provinces not only put the whole
Dorinion In a sounder trade and fran.
cial standing, but that it will also re.
suit IN a big increase in immigration
To the West of agricultural settlers.
who will include capitalized farmers
from Europe and the United states as
well as homestead ers Advertisement.