The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1916-01-14
WESTERN CANADA'S
GREAT HARVEST
Decidedly Encouraging From Ev.
cry Standpoint.


Canada, the most encouraging feature
of the year. from a trade and financial
standpoint, has been the bountiful
harvest OF the Northwest, where
greatly increased area under cultiva-
tion has given the highest average
yield in the history of the country. IL
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'
tion 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
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 a
marked extent from the economic dis
location of a year ago.
The seasons wheat and other cereal
crops have exceeded all previous rec
ords in quantity and quality, and, de-
spite the enormous yield, prices have
been uncommonly well maintained.
1t would be difficult 10 eXaggerate
the importance of these results to the
Prairie Provinces-and the Dominion
at large
The prosperity of those engaged in
mixed farming and ranching is most
encouraging.
The flour mills in Manitoba, Sas-
katchewan and Alberta are busy and
are doing well. Their combined daily
eapacity is about 27,000 barrels.
The large advances Of the Dominion
Government to farmers in certain dis
tricts. principally in the form of seed.
were made very opportunely 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 to be mar
keted are received.
The general business outlook has
been tran formed by the large crop
The returns of the gross earnings OF
Canadian railroads for November show
those of the Canadian Pacific in
creased $1,796,000 or 7S per cent for
the last nine days of the month. Com
pared with same month year ago, in
crease no less than $5,29l 900 or 67.t
per cent against A. per cent gain III
Octobe.. and a decrease Of Az per
cent in September.
n. V. Meredith, of the Bank of Mont
real, in a recent address delivered al
Montreal. declared that the most en-
couraging feature from a trade and
finance standpoint had been the boun
tiful harvest of the Northwest. where
the greatly increased area under cult
vation had given the highest average
In history of the country. lie estl
mated the grain crop of the three
provinces at a value OF over 100000,
600, and said that such remarkable re
suits would have the effect of attract
ing the tide of immigration to oul
shores, when the )rld is again a
peace. The restoration Of favorable
balance in our foreign trade is fac
tor of supreme importance at the pres
ent time.
1t is the general opinion in the Eas
that the 1915 grain crop in the Prai
rie Provinces not only put the whole
Dominion i'm sounder trade and tnan
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 a.
well as homesteaders.- rs.-Advertisement