River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1916-01-13
WESTERN CANADA'S
GREAT HARVEST
Decidedly Encouraging From Ev.
cry Standpoint.

Speaking Of conditions generally in
Canada, the most encouraging feature
of the year, from trade and financial
standpoint, has been the bountiful
harvest Of the Northwest, where 9
greatly increased area under cultiva
tion has given the highest average
yield in the history Of the country. II
is estimated that the grain crop OF
Manitoba, Saskatchewan and Alberta
has market value to the producers OF
approximately four hundred million
dollars, ID 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 opti
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
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 a year ago."
The seasons wheat and other cereal
crops nave exceeded all previous rec
ords il quantity and quality, and, de
spite the enormous yield, prices have
been uncOmmonIy we'll maintained.
1t would be difficult to exaggerate
the importance OF these results to the
Prairie Provinces and the Dominion
1T .aIa5.
The prosperity Of those engaged in
mixed farming and ranching is most
encouraging.
The -four mills in Manitoba, Sas
katchowan and Alberta are busy and
are doing well Their combined daily
capacity IS about $4,000 barrels.
The large advances Of the Dominion
Government To farmers in certain dis
tr:cts, principally in the form of seed,
were made very opportunely and have
been amply justified By the very large
crop Weld il those districts.
Business il many important lines is
good and should continue to improve
es returns from grain yet to be mar
keted are received.
The general business outlook has
been Transformed by the large crop
The returns OF tue gross earnings Of
Canadian railroads for November show
those Of the Canadian Pacific in
creased Sf,7g6.0 81 IS per cent for
The last nine days OF the month. Com
pared with same month year ago, in
crease no less than $5,291 900 or GIG
por cent against IS per cent gain in
October. ard a decrease Of AZ per
cent i'll September.
IT, y. Meredith, Of tho Bank Of Mont
real i'm 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
She greatly increased area under cult
sation had given the highest average
In history OF the country. He esti-
mated the grain crop OF the three
provinces at value of over $400000,-
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 at
peace. The restoration Of favorable
balance III our foreign trade is a fac
ter Of supreme Importance at the pres
ent time
1t is the general opinion in the East
that the 1915 grain crop in the Prai-
RE Provinces not only put the whole
Dominion il a sounder trade and finan-
cial standing, but that it will also re
suit i'll a big increase in immigration
to the West Of agricultural settlers,
who will include capitalized farmers
from Europe and the United States as
well as homesteaderS.- Advertisement