The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1916-01-27
WESTERN CANADA'S
GREAT HARVEST
Decidedly Encouraging From Ev-
cry Standpoint. tt1sa +

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 .
greatly increased area under cultiva.
ton has e. the highest average
yield in the story of the country. It
is estimated that the grain crop OF
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 the liquidation OF
much Indebtedness, but the stimula'
zion 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 e1'
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 1s
a 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
marked extent from the economic dis
location Of year ago."
The seasons wheat and other cereal
crops ave exceeded all previous rec
ords in quantity and quality, and, de-
spite the enormous yield, prices have
been uncommonly we'll maintained.
1t would be difficult to exaggerate
the importance Of these results to the
at large.
The prosperity OF those engaged in
mixed farming and ranching is most
encouraging.
The -four mills in Manitoba, Sas.
katchewan and Alberta are busy and
are doing we'll. Their combined daily
capacity Is about $4,000 barrels.
The large advances of the Dominion
Government to farmers in certain dis.
tricts, principally in the form of seed,
were made very opportunity 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 tc be mar.
Eatad ara racaivod
The general business outlook has
been transformed by the large crop,
The returns of the gross earnings OF
Canadian railroads for November show
those Of the Canadian Pacific In
creased $1,7e6,eeo or 70 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.s
per cent against 45 per cent gain in
October, and a decrease of AZ per
cent in September.
H. V. Meredith, of the Bank of Mont
real, in a recent address delivered at
Montreal declared that the most en-.
couraging feature from q trade and
finance standpoint had been the boun.
t1ful 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 a value of over $400, 0O0,.
600, 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 in our foreign trade is a fac
tor Of supreme Importance at the pres
ent time.
It is the general opinion in tho East
that the 1915 grain crop in the Prai.
RE Provinces not only put the whole
Dominion in a sounder trade and finan-
cial standing, but that it will also re-
suit In big increase in immigration
to the West Of agricultural settlers,
who will include capitalized farmers
from Europe and the United States as
we'll as Observation-Disclosures