The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1916-01-27
WESTERN CANADA'S
GREAT HARVEST
Decidedly Encouraging From Ev-
cry Standpoint

speaking or conditions generally III
Canada, the most encouraging feature
Of the year, from trade and financial
standpoint. has been the bountiful
harvest of the Northwest. where q
greatly increased area under cultiva-
ton has given the highest average
yield in the history of the country. 1t
Is estimated that the grain crop OF
Manitoba, Saskatchewan and Alberta
has 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-
ton of current trade. y. !. ,....... ....
The annual reports of the various
banks throughout Canada are now be-
Ing published. They SAVIOR of optir
nism all the way through, and, con-
trary to what might be generally ex-
pected in war times, business Is good
everywhere. 1tm0w ,Ntm ~
The General Manager Of the Bank OF
Montreal at the recent annual meet
ing said; "The position of Canada is
1 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 as
ocation of year ago."
The seasons wheat and other cereal
crops have exceeded all previous rec
,rds in quantity and quality, and, de-
Ipite the enormous yield, prices have
,een uncommonly we'll maintained.
It would be difficult to exaggerate
he Importance of these results to the
Prairie Provinces-and the Dominion
It large.
The prosperity of those engaged in
mixed farming and ranching is most
Encouraging.
The flour mills in Manitoba, Sas'
ratchewan and Alberta are busy ana
ire doing well. Their combined daily
capacity is about $4,000 barrels.
The large advances of the Dominion
Government to farmers in certain dis
riots, principally in the form OF SEED
we're made very OPPORTUNITY and have
,een amply justified by the very large
crop yield in those districts.
Business in many important lines is
rood and should continue to improve
Is returns from grain yet to be mar
Keted are received.
The general business outlook has
been transformed by the large crop
The returns of the gross earnings OF
Canadian railroads for November show
hose of the Canadian Pacific In
creased $1,796,000 or 70 per cent for
| he last nine days of the month. Com
pared with same month year ago, In
.rease no less than 1921 900 or 67.6
ser cent against as per cent gain In
October, and a decrease OF AZ per
cent in September. rh t
H.V. Meredith, of the Bank OF Mont
real. in a recent address delivered at
Montreal declared that the most en-
! ,ouraging feature from a trade and
nance standpoint had been the boun-
iful harvest of the Northwest. where
he greatly increased area under cult
7ation had given the highest average
n history of the country. He estt-
mated the grain crop of the three
provinces at a value of over 100000
700, and said that such remarkable re-
suits would have the effect of attract
ng the tide of immigration to our
shores, when the world is again at
peace. The restoration Of a favorable
balance in our foreign trade Is fac
.or of supreme importance at the pres
ent time.
It Is the general opinion in the East
that the 1915 grain crop in the Prai-
rie Provinces not only put the 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 United States as
well as homesteaders.-Adve