Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1916-07-07
CANADA SEXCELLEN1
FINANCIAL STANDING
Bank Clearings IncreaSe-Agri'
culture Is a Paying Indus
try-ManufaCtureS
Doing Well.

Business experts assert that CAM
ada is on the threshold of perhaps
the most prosperous era in her his1
tory. The unprecedented value of
the farm products of 1915, together
with the very large output of factories
working on munitions of war has sud-
denly brought the country into n po-
sition, financially, scarcely hoped for
as nation for years to come. EX-
port surplus of $50,000,00O month is
Extract from official bulletin of Feb
ruary II, 1916.
The response by the farmers of Can
ada to the call for increased produc-|
ton in 1915 was a total net output
exceeding one billion dollars, an in-|
crease over normal years of at least
three hundred millions The three
Prairie Provinces contributed prob
ably nearly one-half of the total prod
uct.
Inc wheat crop was worth $3lO,OOO,-
| QUO, and accounted for about 80 per
cent of the total agricultural product.
Other things counted also. Look ut
dairying. In Ontario the dairy pro-
ductiOn was increased 20 per cent,
and prices were over 10 per cent
ahead of 1914. Other provinces shared
in the increase, especially Alberta,
Saskatchewan, Quebec and Nova SEQ
tia. The dairy COW was ION the job"
in 1915. So also were the beef cattle,
the pigs and the hens.
1t is not fair to the farmers of the
Praires to call the wheat crop of 1918
a miracle" crop. The farmers cult
waited more land and gave attention
to their seed. Providence gave them
favorable weather. Then they toiled
early and late in the harvesting and
threShing. Good cultivation gave big
ger yields than careless work, As BUSH
els as against 25.
The wealth of Western Canada isl
by no means all in it's wheat crop. III
the country had no wheat at all il
would still be famous as a land of suc1
cessful farmers on account of its stock
production. From one shipping poinI
(High River, Alberta) over $75,0000q
worth of horses have been sold in thd
last two months. The average pricd|
to the farmer has been about $175.0(I
per head. According to Government
returns there are a million and a hal
horses in ATanitOba, Saskatchewan an
Alberta, worth probably $150,0000OC
The investments which farmers
Western Canada are making in live
stock and farm Improvements. ar
good evidence of the fact that they
have money for these purposes. 1t is
apparent, however, that they are also
spending some of their profits on
those things which will bring greater
comfort and enjoyment to themselves,
their wives and their families. The
automobile trade all through the
country is particularly active, and
farmers are the biggest buyers. A re-
cent report of the Saskatoon district
shows that in two months Il million
dollars worth of automobiles have
been sold, largely to farmers. Nor are
ull Vi llltSc NuIS VI tllt NllcdIbtl lldhSS ,
some high-priced machines are in de-
mand.
Bank clearingS throughout the West
ern Provinces show greater CONNER
cia activity than at the same season
in 1915 or 1914, the increase for the
last week of February being $SO00,O 900
and almost S9,000,O00, respectively,
for the first week of March $l50O0,-
600 over 1915 and S1S,000000 over
1914. The same excellent story comes
from Moose Jaw, Sask., where they
showed from 40 to 100 per cent over
the previous year. Calgary, Alta,
bank cearings continue to reflect the
greatly improved business conditions
as compared with a year ago. Cana
das bank clearings for the month of
February, 1916, were the greatest for
any February in the country's history
The totals amounted to $6G4. 222, 100000
as compared with S4S7 296000.O0 for
the same month year ago. An in
crease of SIT 000,000.00 in bank clear
ings for the month tells its own story
of the country's prosperity.-Adver'
tisement.