The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1916-02-18
WONDERFUL PROGRESS
IN CANADA
II Is Over the HlII-Splendid
Bank cIearings, and the Crop
Rel. ms Reveal Vast Posi-
biIities for the Future.


There are opportunities for invest
ment In Canada now that may prove
attractive 70 American capital. Land
prices in 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 az
one Of prosperity in the development
Of its vast resources Chicago Tribune.
A short time ago the Canadian gov.
ernment asked for private subsorip
tions 10 loan OF fifty million dollarE.
Less than a month was given for com
/ pletion Of the subscription. On No
vember Both the day upon which sub
scriptions we're to cease. II was found
that 10 million OF dollars had been
subscribed o. so million dollars more
than the arl, INT asked. II there were
any so pessimistic as TO imagine that
Canada was passing through a period
of hard times the wonderful showing
of this subscription should put aside
all doubts Of Canada's rapidly increas-
ing prosperity.
The ban clearings OF Winnipeg for
1915 were a bil"on and a half Of dol
lars. Think of it. Then, in addition.
there we're the bank clearings Of the
other cities throughout Western Can
ada. Regina Saskatoon and Moose
Jaw also show big increase in clear
Ings. The Winnipeg statistics show
that the city has done the biggest
In
business IN it's history in 1915. A
billion an a half are big clearings,
representing business on per cap
lta basis Of over $1,000 per head for
every man. woman and child in the
city, and has gone ahead of big man
ufacturing cities like Buffalo, and
runs a close second to Detroit. It
has shown bigger bank clearings than
the middle west cities Of Minneapolis
and Duluth, and has exceeded Los
Angeles, Seattle and other noted ship
ping centers. It 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 a natural eco
nomic depression it does nc. follow
that, at the end of the war, the cOun-
try must suffer a 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 matters says:
Canadas undeveloped fields should
prove a mighty factor after the war in
adjusting the country's business from
one period 20 another The staggering
figures of this years crop, showing in
creases in production of so per cent
over last year, give a slight idea Of the
future wealth stored in vast stretches
Of prairie plain yet untouched by the
plow. The Northwest Grain-Dealers' AS
sociation on September l estimated
that the VIII eat crop Of the three Prairie
Provinces " ould amount to 250,S0000O
bushels. On November 10 that esti-
mate was increased to 307 100000
bushels. The Dominion government
on September IS estimated the West
ern wheat crop at 275772,20O bushels.
DuL on OCLODeT 10 LuOSG uGuIcS WGIb
changed to 3O4,2O0,0OO bushels.
Monetary Returns for the Western
Crop.
And the amount of money which the
west is receiving for its grain has not
yet bern wholly appreciated. Up to
the 10th of December the Canadian
west had received some 10 million
dollars for 1872 million bushels OF its
grain crop of which 149 million bush
els was wheat The average price Of
No. l Northern wheat for September
was 93R cents; for October 9S1s
cents, and for the first three weeks of
$103a4 On the 10th of
December there was fully 100 million
bushels Of wheat to be marketed This
would leave about 80 million bushels
for local consumption in the Prairie
Provinces.
Bradstreet says;
Confidence seems to have returned
In Canada; grain crops are exception
ally large, prices pay the farmer, and
the war-order lines provide work and
aid in circulating much money. Credit
Is more freely granted and anterior
are disposed to buy rather
literally. Advertisements