Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1916-02-11
WONDERFUL PROGRESS
IN CANADA
1t Is Over the HiII-SpIendi|
Bank CIearings, and the Crop
Returns Reveal Vast Posi-
biIitieS for the Future.

AhClC dlC ODpOl luulItCO lOl HIVES
ment in Canada now that may prove
attractive to American capital. Land
prices in the west are low and wages
less than on this side of the line, anC
whatever the outcome of the war. the
future of the Dominion is assured al
one of prosperity in the development
of its vast resources" Chicago Tribune
A short time ago the Canadian gov
eminent asked for private subscrip
tions to loan of fifty million dollars
Less than a month was given for com
pletion of the subscription On No
vember Goth, the day upon which sub
SCriptiOns were to cease, it was found
that 10 million of dollars had been
subscribed or 60 million dollars more
than the amount asked. If there were
any so pessimistic as to imagine thatI
Canada was passing through a period
of hard times the wonderful showing
all doubts of Canada's rapidly increas-
ing prosperity.
The bank clearings of Winnipeg for|
1915 were a billion and a half of dol
lars. Think of it. Then, in addition,
there were the bank clearings of theI
other cities throughout Western CAM
ada. Regina, Saskatoon and MooseI
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. Al
billion and a half are big clearings,
representing business on a per cap1
tia 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, an(
runs close second to Detroit. |
has shown bigger bank clearings thai
and Duluth, and has exceeded Lo
Angeles, Seattle and other noted shi
ping Centers. It is now side by sid
with the ten biggest cities in Mort
| America in amount of bank clearing
But because the war helped Cana(
recover quickly from a natural ed
nomic depression it does not folio
! that, at the end of the war, the CO,
try must suffer a relapse, and straig
way return to "A state of inactivity o
hard times.
A Winnipeg paper, with a W
known reputation for conservatism
economic matters says:
Canada's uHdeveloped fields sho
prove a mighty factor after the wa
adjusting the country,s business f
one period to another. The Stage
figures of this years crop, shoWin
creases in production of so per C.
over last year, give a slight idea of the
future wealth stored in vast stretches
of prairie plain yet untouched by the
pillow. The Northwest Grain Dealers AS
sociation on September 1 estimated
that the wheat crop of the three Prairie
! Provinces would amount to $4,000 600
bushels. On November 10 that esti-
mate was increased to 307, 230,O0O
bushels. The Dominion government
on September 10 estimated the West
ern wheat crop at 275,772,2OO bushels,
but on October Is those figures were
changed to 304 100000 bushels.
Monetary Returns for the Western
Crop.
And the amount of money which the
west is receiving for its grain has not
yet been wholly appreciated. Up to
the 10th of December the Canadian
west had received some 40 million
dollars for 1872 million bushels of its
grain crop, of which 149 million bush
els was wheat. The average price of
No. / Northern wheat for September
was 93B cents; for October $50
cents, and for the first three weeks OF
November $1.03%. On the 10th OF
December there was fully 1870 million
bushels of wheat to be marketed. This
would leave about 30 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 interior
merchants are disposed to buy rather
literally. Advertisement.