Cheyenne record., 1916-01-13
WESTERN CANADA'S
GREAT HARVEST
Decidedly Encouraging From Ev-
cry Standpoint.

Speaking of conditions generally in
Canada. the most encouraging feature
OF the year. from q trade and financial
standpoint. has been the bountiful
harvest of the Northwest, where a
greatly increased area under cultiva-
ton has given the highest average
yield in the history of the country. 1t
is estimated that the grain crop of
Manitoba. Saskatchewan and Alberta
has a market value to the producers Of
approximately four hundred million
dollars. in the use of which we may
anticipate not only the liquidation Of
much Indebtedness. but the stimula
ton of current trade.
The annual reports of the various
banks throughout Canada are now be-
Ing published. They SAVIOR of opti
mism all the way through, and, con-
trary to what might be generally eX.
A,ected in war times. business is good
everywhere.
The General Manager of the Bank of
Montreal at the recent annual meet.
lug said: The position of Canada is
highly favored one. with an assured
ANtuiS VI BioNth NC!obulCht anu
general prosperity"
In the same report it is said that the
Canadian West has recovered to a
Harked extent from the economic dis
location of a year ago
The seasons wheat and other cereal
crops have exceeded all previous rec.
"fds in quantity and quality, and, de-
spite the enormous yield. prices have
been uncommonly well maintained.
1t would be difficult to exaggerate
the importance of thes. results to the
irairie Provinces-and the Dominion
at large.
The prosperity of those engaged in
mixed farming and ranching is most
encouraging.
The Hour mills in Manitoba, Sas-
katchewan and Alberta are busy and
are doing well. Their combined daily
capacity is about $4,000 barrels.
The large advances of the Dominion
Government to farmers in certain dis
triCts. principally in the form of seed,
were made vcry opportunely and have
t'aen amply justified by the very large
crop 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 tho gross earnings of
canadian railroads for November show
those of the Canadian PaciticA, in.
creased $l.796,000 or rs per cent for
tn" last nine days of the month. Com
pared with same month year ago, in
crease no less than 1921 900 or 67.6
yer cent against q As per cent gain in
cen; in September.
IT, V. Meredith of the Bank of Mont
real in recent address delivered at
tlontreal. declared that the most Ell
Couraging feature from a trade and
tnance standpoint had been the boun-
tiful harvest OF the Northwest, where
the greatly increased area under culti
vation had given the highest average
in history of the country. He esti-
fuated the grain crop OF the three
provinces at value of over 100000,
oo". ana 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 favora BILE
balance in our foreign trade is fac.
tor of supreme Importance at the pres
ent time.
1t Is the general opinion in the East
that the 1915 grain crop in the Prai-
rte Provinces not only put the whole
dominion in II sounder trade and finan-
cial standing. but that it will also re
SAT- in big increase in immigration
10 the West OF agricultural settlers.
who will include capitalized farmers
from Europe and the United States as
we'll as homestcaders.- rs.-Advertisement