Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1916-01-15
WESTERN CANlDA'S
GREAT HARVEST
Decidedly Encouraging From Ev-
cry Standpoint.

Speaking of conditions generally IN
Canada, the most encouraging feature
OF the year, from a trade and financial
standpoint, has been the bountiful
harvest of the Northwest, where Ga
greatly@ Increased area under cultiva
ton has given the@ highest average
yield in the history ofsshe country 1t
IS estimated that the grain crop o@
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 Abe 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-
Smismall 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
Montrez! at the recent annual meet
ing said The position OF Canada is
a highly favored one, with an assured
future II growth, deyeEpment and
general prosperity"
n the same report it is said that the
Canadian West has recovered 20
marked extent from the economic dis
location OF a year az
The season $ wheat and other cereal
crops have exceeded ali previous rec
ord@ III quantity aud quaSzy and. de-
spite the enormous yield. prices have
been uncommonly well maiutained.
Il zould ne difficult to exaggerate
the importance Of these results to the
Pre5rie Provinces-and the Dominion
ut large
The prosperity Of those engaged in
mixed farming and ranchins is most
encouraging
The flour mills in Manitoba. Sas-
katchewan and Alberta are busy and
are doing well. Thsir combined daily
capacity Is about 27.000 barrels
J=A large advances Of the Dominion
Government to farmers in certain dis
tricts principally in the form of seed,
were 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 t. improve
as returns from grain yet to be mar
keted are received.
The general business outlook has
been tran formed by the large crop.
The returns OF the gross earnings OF
Canadian railroads for November show
those of the canadian Pacific in
creased S1,796.000 or ~ 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 67,6
per cent against "a IS per cent gain In
Octohe,, and decrease Of Az per
cent us September
H. v Meredith, OF the Bank of Mont
real, in recent address delivered at
Montreal declared that the most en-
couraging feature from trade and
finance standl int had been the boun-
tiFul harvest OF the Northwest. where
the greatly thGIeaSeu area QIlueF Cutll~
vation had given the highest average
in history OF the country. Ho estl-
mated the grain crop of the three
provinces II value of over 100000
600. and said that such remarkable re-
Iults would have the effect of attract
ing the tide of immigration to our
shores, when the world is again at
peace. The restoration II a favorable
balance in our fyreigr trade is fac
tor of supreme Importance at the pres
ent time.
II is the general opinion in the East
that the 1915 grain crop in the Prai-
rie Provinces not only put u4e whole
Dominion in a sounder trade and finan.
cial standing, but that It will also re.
suit in a big increase in immigration
to the West of agricultural settlers.
who will include capitalized farmers
from Europe and the .zited States as
well as homesteRders Advertisement