The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1916-02-24
WONDERFUL PROGRESS
IN CANADA !
1t Is Over the Hi|I-Sp|endid
Bank CIearings, and the Crop
Returns Reveal Vast Posi-
biIities for the Future.


.nent 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, and
whatever the outcome Of the war, the
future OF the Dominion is assured as
one of prosperity in the development
OF it's vast resources. Chicago Tribune.
A short time ago the Canadian gov.
eminent asked for private subscrip-
lions to loan of fifty million dollars
Less than month was given for COM
pletion OF the subscription. On No.
Fember 30th, the day upon which sub
Pcrlptlons were to cease, it was found
fhat ITO million Of dollars had been
subscribed or GO million dollars more
than the amount asked. If there were
bny so pessimistic as to imagine that
canada was passing through period
pr hard times the wonderful showing
Df this subscription should put aside
hll doubts of Canadas rapidly increas.
Ing prosperity.
The bank clearings of Winnipeg for
1915 were a billion and half of dol
lars Think of it. Then, in addition,
there were the bank clearings of the
Dther cities throughout Western Can
pda. Regina, Saskatoon and Moose
jaw also show big increase in clear,
lngs. The Winnipeg statistics show
ttaat the city has done the biggest
haancial, commercial and industrial
business in it's history in 1915. A
halion and a half are big clearings,
S1'resenting business on a per cap
tta basis of over $1,000 per head for
h~ery man, woman and child in the
e=ly, and has gone ahead of big man.
dfacturing cities like Buffalo, and
runs 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.
nom1c depression it does not follow
that, at the end of the war, the coun-
try must suffer relapse, and straight
way return to state of inactivity and
hard times
A Winnipeg paper, with a we'll
known reputation for conservatism in
economic matters says:
Canada's undeveloped fields should
prove mighty factor after the war in
adjusting the country's business from
one period to another. The staggering
figures of this years crop, showing in
creases in production of so per cent
over last year, give slight idea of the
future wealth stored in vast stretches
OF prairie plain yet untouched by the |
plow. The Northwest Grain Dealers AS.
ISOLATION on September 1 estimated
that the wheat crop of the three Prairie
Provinces would amount to 25O,8OO, 900
bushels. On November 10 that esti-
mate was increased to 3O7,23O, 900
bushels. The Dominion government
on September 13 estimated the West.
ern wheat crop at 275,772,2OO bushels,
but on October Is those figures were |
changed to 3O4,200,O0O bushels.
"o1iSIdiy nSIuTnS Tor the western |
Crop.
And the amount Of money which the
west is receiving for it's grain has not
yet been 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. Northern wheat for September
was 1913 cents; for October 9Sh
cents, and for the first three weeks of
November $1.03%. On the 10th of
December there was fully 12O million
bushels of wheat to be marketed This
would leave about 30 million bushels
tor local consumption in the Prairie
Provinces.
>Bra&street says:
Conf1dence 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
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