The circle banner. [volume] (Circle, Mont.) 1914-1939, 1916-01-21
WESTERN CANADA'S
GREAT HARVEST
Decidedly Encouraging From Ey.
cry Standpoint.

Speaking of conditions generally in
| Canada. the most encouraging feature
of the year, from trade and financial
standpoint, has been the bountifu
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 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 Opt
mism all the way through, and, con
trary to what might be generally ex
pected in war times, business is good
everywhere.
The General Manager of the Bank of
Montreal at the recent annual meet
ing said: THE position of Canada is
highly favored one, with an assured
future of growth, development and
general prosperity"
In the same report it is said that the
Canadian West has recovered to
marked extent from the economic dis
location of year ago."
The seasons wheat and other cereal
crops have exceeded all previous rec
ords In quantity and quality, and, de-
spite the enormous yield. prices have
been uncommonly well maintained.
It would be difficult to exaggerate
the importance of these results to the
Prairie Provinces-and the Dominion
at large. ~
The prosperity of those engaged in |
mixed farming and ranching is most |
encouraging
The flour 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 very OPPORTUNITY and have
been 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.
he 30,
Canadian railroads for November show
hose of the Canadian Pacific in
creased s1.796,00O or rs per cent for
he last nine days of the month. Com
Jared with same month year ago, in
,rease- no less than 1921 900 or 67.6
yer cent against a As per cent gain in
October, and a decrease of Az per
ent in September.
H. V. Meredith, of the Bank of Mont
cal, in a recent address-delivered at
dentreal, declared thatsthe most en-
ouraging feature from a trade and
nance standpoint had been the boun- ,
ifuI harvest of the Northwest. where ,
he greatly increased area under cult {
alton had given the highest average !
n history of the country. He estf- {
mated the grain crop of the three
rovinces at value of over 100000
90, and said that such remarkable re-
ults would have the effect of attract. 1
ne the tide of immigration to our
hores, when the world is again at !,
eace The restoration of favorable
alance in our foreign trade is fac :
,r of supreme Importance at the pres
ut time.
1t is the general opinion in the East =
lat the 1915 grain crop in the Prai =
e Provinces not only put the whole :,
ominion in a sounder trade and finan- =
al. standing, but that it will also re-
lit in a big increase in immigration
the West of agricultural settlers
no will include capitalized farmers
ON Europe and the United States as .
ell as homesteaders.- Advertisement.