The state herald., 1916-01-14
WESTERN CANADA'S
GREAT HARVEST
Decidedly Encouraging From Ev-
cry Standpoint.

Canada, the most encouraging feature
Of the year, from a trade and financial
standpoint, has been the bountiful
harvest of the Northwest, where
greatly increased area under cultiva.
tion 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
n 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 a
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.
1t 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 $1,000 barrels.
The large advances OF the Dominion
Government to farmers in certain dis
tricts. principally in the form of seed.
we're made very opportunely 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.
The returns OF tie gross earnings OF
Canadian railroads for November show
those OF the Canadian Pacific In
creased sl.796.000 or rs per cent for
the last nine days of the month. Com.
pared with same month year ago, In
crease no less than 1921, 900 or 67.e
per cent against Ia per cent gain In
October. and decrease OF AZ per
cent In September.
II. v. Meredith. of the Bank OF Mont
real, in a recent address delivered at
Montreal. declared that the most en-.
couraging feature from trade and
finance standpoint had been the boun.
tiful harvest OF the Northwest. where
the greatly increased area under cult
walton had given the highest average
in history Of the country. He esti
mated the grain crop OF the three
provinces at value Of over 100000.
900. and 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 Al
peace. The restoration OF a favorable
balance In our foreign trade is fac.
tor OF supreme importance at the pres.
ent time.
It is the general opinion In tho East
that the 1916 grain crop In the prai.
rie Provinces not only put the whole
Dominion In n sounder trade and finan.
ciai standing. but that II will also re
suit In u big increase in immigration
10 the West OF agricultural settlers.
who will include capitalized farmers
from Europe and the United States as
well m homesteaders.- rs.-Advcrtiscmcnt