The circle banner. [volume] (Circle, Mont.) 1914-1939, 1916-02-18
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+ WONDERFUL PROGRESS
:. : :" 'M,.GANADA'.. :.
1t Is Over the. ,HiIIrSpIendid
Bank CIearings, and the, Crop :
y Returns Reveal Vast Posi-
(; s,biIities for The Future. -

\ -ntent iii Canada. hhw that may prove
attractive to American, capital hand
prices in the west are low and wages
less than on this side of the line, and
I 'whatevernthe oouteomeT of the war, the
future. OF athe- Dominion, is assured aas
one Of prosperity in the deyelopment
4 OF its vast resources" Chicago Tribune.
tx shortrtime ago the Canadian gov
eminent asked for private suBserip-
titons; to, a loan of, fifty. million. dollars.
Less than a month was given for COM
/ pletion OF the Subscription. ION No
vember Both, the day upon which 'sdb-
.scriptiQns. were, to cease, it was found
that 80 million of dollars had been
T Subscribed or SO million dollars more
| than the amount asked. If there were
any so pessimisYc as to imagine that
Canada was passing throppgh period
of hard times the Wonderful Showing
ron this Subscription should put aside
all doubts of Canada's rapidly increass.
| ing prosperity. r.. -,
The bank clearings of9Winnipeg for
/ 1916 wefe1 billion and q. half Of dol
larsL Think Of It, Them in addition,
there were the bank cleaT1pgs of the
other cities throughout Western Can.
radae Regina. Saskatoon" and Moose
Jaw also show big, increase: in clear
ings. The Winnipeg statistics show
that the city has done the biggest
nHancfaly eomhfercial- 'ande industrial
business in its history in tI915.- =, A
billion and a half are big clearings,
representing business on per cap
fita basis of over S7J0Or per, head for
every man, woman and child in the
city. and has gone ahead of big man.
ufacturfng cities like Buffalo, and
runs a';c1oser secofid ito Detroit: 1t
has shown biggersbalkf clearings than
the pidale west cities Of Minneapolis
and Duluth, and has exceeded Los
Angeles, Seattle and other noted ship
ping eenters. :, 1t lis now side by side
with the. ten, biggest cities, i9 North
America In amount of bank clearings.
But because the war 'helped Canada
recover quickly from "a natural eco
nomic depression it does not follow
that, at the end Of the war; the lcoun- \
try must suffer relapse, and straight
way return to state of inactivity and
hard times. ,,..L 49,
A Winnipeg paper, with well,
known reputation for conservatism Fin
economic matters says: = - - |
Canada's undeveloped fields should
prove mighty factor after the war in
the c6untryB business from
one period to another. The staggering |
figures of this years crop, showing In
creases in production of 80 per cent |
over last yeaf, five .slightsidea Of the
future wealth stored in vast stretches
Of prairie plain yet untouched BY the
plow.; Bhs Northwest Grain-DealeEs' AS
ISOLATION, on September 1 estimated
hat the wheat crop Of tho three Prairie
Provinces wouid amount to '250,B0s000
bushels. On. November 10 that esti-
mate was Increased to 307,230,O00
bushels. The Dominion government
IN September 10 estimated the West
srn wheat crop at 275, 772,20O bushels.
put on October Is those figures were
to 3O4, ZOO, 600 bushels. I
Monetary Returns Tor tho Western
Gropt ~f.rt
And the amount of money which the
vest is receiving for it's grain has not
ret been wholly appreciated:t Up to
he 10th , of, December the Canadian
vest had received some 10 million
lollars for .1S2 million bushels of its
,rain crop,rof which ,149 million bush
lis was wheat. The average price Of
W l, Northern wheat for September
vas 93% cents; for October 9Sh'
;ents, and for the first three weeks Of
November s1.03A. On the 10th Of
December there was fully 120 million
bushels of wheat to be marketed. This
y1uM AeaM abodt 50 AlIih Adsthls
or local consumption in the Prairie
Provinces.
Bradstreets says: L
Confidence seems to-have returned
n Canada; grain crops are exception
lily large. prices pay the farmer, and
he war-prder lines provide work and
i'd In circulating much money. Credit
8 more freely granted. and Interior
merchants are disposed to buy rather