The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1916-02-11
WONDERFUL PROGRESS
IN CANADA
1t Is Over the HiIl-SpIendid
Bank Clearings, and the Crop
Returns Reveal Vast Posi-
biIitieS for the Future.

There are opportunities for invest.
ment In Canada now that 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, tho
future OF the Dominion il assured as
one of prosperity I'm the development
OF its vast resources" Chicago Tribune
A short time ago the Canadian gov
ernment asked for private subscrip-
tions TO loan of fifty million dollars.
Less than month was given for COM
pletion of the subscription. On No
vembcr 30th, the day upon which sub
scriptions were 20 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 pesslmistic as 60 imagine that
Canada was passing through period
OF hard times tho wonderful showing
OF this subscription should put aside
all doubts OF Canadas rapidly incroas-
Ing prosperity.
The bank clearings OF Winnipeg for
1915 were a billion and n half of dol.
lars. Think of Il. Then. in addition.
there were the bank clearings of tho
other cities throughout Western Can
ada. Regina, Saskatoon and Moose
Jaw also show big increase In clear
ings. The Winnipeg statistics show
that the city has done the biggest
financial. commercial and Industrial
business in It's history In 1915. A
billion and half are big clcarings.
representing business on per cap
ita basis OF over $1,000 per head for
every man, woman and child I'm tho
city. and has gone ahead OF big man
ufacturing cities like Buffalo. and
runs close second to Detroit. IL
has shown bigger bank cloarings than
the middle west cities OF Minneapolis
and Duluth. and has exceeded Los
Angeles. Seattle and other noted ship
ping centers. IL IN now side by side
with the ten biggest cities I'm North
America in amount OF bank clcarings.
But because tho war helped Canada
recover quickly from "A natural eco
monte depression Il does not follow
that. at the end OF the war. the coun-
try must suffer a relapse. and straight
way return TO state OF Inactivity and
hard times.
A Winnipeg paper. with a well.
known reputation for conservatism In
economic matters says:
Canada's undoveopod fields should
prove a mighty factor after tho war In
adjusting the country's business from
one period TO another. The staggering
figures OF this years crop. showing In
creases I'm production OF 80 per cent
over last year, give slight idea OF tho
future wealth stored I'm vast stretches
OF prairie plain yet untouched by tho
plow. Tho Northwest Graln.Dealers' AS
sociation on September 1 estimated
that the wheat crop OF the three Prairie
Provinces would amount TO 250. 300. 900
bushels. On November 10 that osti-
mate was increased to 307, 900
bushels. Tho Dominion government
on September i3 estimated tho West.
ern wheat crop at 1872 200 bushels.
but on October 10 those figures were
changed TO 3Oi, 100000 bushels.
Monetary Returns for the Western
Crop.
And the amount of money which tho
west is receiving for It's grain has not
yet been wholly appreciated. Up 10
tho 10th OF December the Canadian
west had received some I70 million
dollars for 1872 million bushels OF It's
grain crop, OF which l49 million bush
elg was wheat. The average price OF
No. 1 Northern wheat for September
was 1874 cents; for October 9SIs
cents, and for the first three weeks OF
November s1.03A. ON the 10th OF
December there was fully 120 million
bushels OF wheat 10 be marketed. This
would leave about 30 million bushels
for local consumption In the Prairie
Provinces.
Bradstreet says:
Confidence seems 10 have returned
I'm Canada: grain crops are exception
ally large. prices pay the farmer, and
the war.order lines provide work and
aid I'm circulating much money Credit
is more freely granted. and interior
merchants are disposed TO buy rather
literally. y."-Adyertlscmcnt.