Gilpin observer., 1916-07-06
CANADA'SEXCELLENT
FINANCIAL STANDING
Bank CIearings Increase-Agri-
culture Is a Paying Indus
try-Manufactures
Doing Well.

Business experts assert that Can
ada Is on the threshold of perhaps
the most prosperous era in her his
tory. The unprecedented value OK
the farm products of 1915, together
with the very large output of factories
working on munitions of war has sud-
denly brought the country into po-
sition. financially, scarcely hoped for
as nation for years to come. Tx
port surplus of $50,OOO,OOO month 10
making Canada very strong in cash."
Extract from official bulletin of Feb
ruary II. 1916.
The response by the farmers OF Can
ada to the call for increased produc-
tiOn In 1915 was total net output
exceeding one billion dollars, an in
crease over normal years of at least
three hundred millions. The three
Prairie Provinces contributed prob
ably nearly one-half Of the total prod
uct.
The wheat crop was worth $31OOOO
600, and accounted for about 80 per
cent of the total agricultural product.
Other things counted also. Look at
dairying. In Ontario the dairy pro-
duction was increased 20 per cent,
and prices were over 10 per cent
ahead Of 1914. Other provinces shared
In the increase. especially Alberta.
Saskatchewan, Quebec and Nova SEQ
tia. The dairy COW was ION the job"
in 1915. So also were the beef cattle.
the pigs and the hens.
1t Is not fair to the farmers of the
Prairies to call the wheat crop Of 1915
miracle" crop. The farmers culti-
waited more land and gave attention
to their seed. Providence gave them
favorable weather. Then they toiled
early and late in the harvesting and
threshing. Good cultivation gave big
els as against 25.
/ The wealth Of Western Canada is
by no means all in its wheat crop. II
the country had no wheat at all 1t
would still be famous as a land Of sue
cessful farmers on account of its stock
production. From one shipping point
(High River, Alberta) over $75, 100000
worth Of horses have been sold In the
last two months. The average price
W tAiC IicI nus Dccu 9ltO.VV
per head. According to Government
returns there are a million and n half
horses In Manitoba, Saskatchewan and
Alberta. worth probably $15O.O0O,OO0-
The investments which farmers OF
Western Canada are making In live
stock and farm improvements are
good evidence of the fact that they
have money for these purposes. 1t Is
apparent, however, that they are also
spending some Of their profits on,
those things which will bring greater
comfort and enjoyment to themselves,
their wives and their families. The
automobile trade all through the.
country is particularly active. and
farmers are the biggest buyers. A re-
cent report Of the Saskatoon district.
shows that in two months a million
dollars worth of automobiles have.
been sold, largely to farmers. Nor are
all Of these cars of the cheaper makes;
some high-priced machines are in de-.
mand.
Bank clearings throughout the West.
ern Provinces show greater CONNER.
cial activity than at the same season
in 1915 or 1914. the increase for the.
last week of February being $1,000, 600
and almost S9OOO,OOO. respectively,
for the first week of March $15OOO,-
600 over 1915 and $1S,OOO,OOO over
1914. The same excellent story comes
from Moose Jaw. Sask.. where they
showed from 40 to 100 per cent over
the previous year. Calgary, Alta,
bank clearlngs continue to reflect the
greatly improved business conditions
as compared with n year ago. Cana
da's bank clearings for the month Of
February, 1916, were the greatest for
any February in the country's history.
The totals amounted to $664, ,222 900. 90;
as compared with $4S7. .296. 10000 for
the same month year ago. An In
crease Of $177,OOO,O 10000 in bank clear
ings for the month tells its own story
Of the country's prosperity.-Adver-
tisement.