The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1916-03-02
WONDERFUL PROGRESS
IN CANADA
1t Is Over the Hil-Splendid
Bank Cearings, and the Crop
Returns Reveal Vast Posi-
bilities for the Future.


There are opportunities for invest.
ment In Canada now hat 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
n OF prosperity In the development
OF It's vast resources" Chicago Tribune.
A short time & the Canadian gov.
ernmen asked for private subscrip
lions to a loan OF fifty million dollars.
Less than n month was given for com.
plSion " the subscription. On No.
yember 30th, the day upon which sub.
scriptiCsls were to cease. IL was found
that Ito million OF dollars had been
subscribed or 60 million dollars more
than the amount asked. II there were
any so pessimistic as to imagine that
Canada was passing through a period
% hard times the wonderful showing
OF this subscription should put aside
all doubts OF Canada's rapidly increas.
Ing prosperity.
The bank clearings OF Winnipeg for
1916 were a billion and n half OF dol.
lars. Think OF Il. Then. I'm addition.
there were the bank clearings OF the
other cities throughout Western Can.
ada. Regina. Saskatoon and Moose
Jaw also show big Increase in clear.
ings. The Winnipeg statistics show
that tho city has done the biggest
financial, commercial and Industrial
business In It's history In 1915. A
billion and a half are big clearings.
representing business On q per cap
tia basis OF over $1,000 per head for
every man. womaH and child In the
city, and has gone ahead OF big man
~ufacturing cities like Buffalo, and
run a close second TO Detroit. II
has shown bigger bank clearings than
the middle west cities OF Minneapolis
end Duluth. and has exceeded Los
Angeles. Seattle and other noted ship
ping centers. II 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.
nomic depression Il does not follow
that. at the end Of the war. the coun.
try must suffer a relapse. and straight.
way return 10 a state Of inactivity and
hard times.
A Winnipeg paper. with & we'll.
known reputation for conservatism In
economic matters a y
Canada's ~undeye.oped fields should
prove a mighty factor after the war In
adjusting the country's business from
period 10 another. The staggering
figures Of this years crop. showing IN.
creases In production OF 90 per cent
over last year. give a slight idea Of the
future wealth stored in vast stretches
OF prairie plain yet untouched by the
plow. The Northwest Grain. Dealers As.
ISOLATION IN September ! estimated
that the wheat crop Of the three Prairie
Provinces would amount 10 250.sO0 900
bushels. On November 10 that es,i.
mate was increased to 3GT,2 $50, 900
bushels. The Dominion government
on September i3 estimated the West.
ern wheat crop at 275,772 200 bushels,
but IN October 10 those figures were
changed TO 304, 200, 900 bushels.
Monetary Returns for the Western
Crop.
And the amount OF money which the
west Is receiving for It's grain has not
yet been wholly appreciated. Up 10
the 10th OF December the Canadian
west had received some lie million
dollars for 1872 million bushels OF It's
grain crop, OF which li9 million bush.
els was wheat. The average price OF
No, Northern wheat for September
was 1874 cents; for October 9sh
cents. and for the first three weeks OF
November $l.03&. on the 10th OF
December there was fully 1870 million
bushels OF wheat TO be marketed. This
would leave about 80 million bushels
for local consumption In the Prairie
Provinces.
Bradstrcet says:
Confidence seems TO have returned
In Canada; grain crops are exception.
ally large, prices pay the farmer. and
the war.order llnea provide work and
aid In circulating much money. Credit
IL more freely granted, and interior
merchants are disposed to buy rather
literally ."-Adyprtisement.