The circle banner. [volume] (Circle, Mont.) 1914-1939, 1916-09-08
MAKING RAPID STRIDES
Canada improving In Every Way
-AgriculturaIly, Commercially
and Financially.

and Financially.
The reports coming to hand every
day from all branches of industry in
Canada speak highly Of the construc-
tive ability Of that country.
Recently the managing directors Of
the Canadian Credit Mems Associa-
ton gave out the statement that bust
ness in Western Canada was good. In
every branch 1t is better than in 1913,
and everyone will remember that In
that year business was excellent. He
says:
1.-THE beauty OF 1t Is the way in
which payments are coming in. Mer-
chants all over the West are taking
their cash discounts. Such a transfer
nation I never saw.
"From the records in the office I
knew it was getting better. We clear
here every retail merchant in the coun-
try every three months, and we are
therefore in the closest touch and have
intimate knowledge of the way trade
is going and how payments are being
made. Conditions at the present mo-
ment are better than had dreamed 1t
was possible that they should be.
"The statements which we are re-
ceiving with reference to the standing
of country merchants indicates that
there will be very few failures this
fall. 1t is quite remarkable. Men who
have been behind for years and in the
hole are actually paying spot cash for
everything, and taking their cash dis
counts. Banks and loan companies
this fall will have more money than
they know what to do with.
"This Is about the condition of trade,
and I am glad to say there is no exag-
geration in what I have said. The
business of the prairie provinces is In
splendid condition"
Crop reports are also good. From
all parts comes the word that the crop
conditions were never better, and the
situation at the time of writing is
that there will be fully as great
yield as in 1915, when the average of
wheat over the entire country was up
wards of 80 bushels per acre. The
and, following the magnificent harvest
of last year, the farmers of Western
Canada will all be In splendid shape
Old indebtedneSseS, much of which |
followed them from their old homes, |
are being wiped out, improvements are |
now being planned, and additional |
acres added to their present holdings. |
1t1ri ho
large increase In the land sales both by
the Canadian Pacific and Canadian
Northern la~a companies, as well as
bv-niVate individuals. A great many
or H. purchases were made by farm
ers who thus secured adjoining quar-
tiers or halves, the best evidence prob
ably that could be had Of the value
of Western Canada land when those
who know the country best are adding
TO their holdings. A number of out
siders have also been purchasers, but
very little land has changed hands for
speculative purposes.
An evidence Of the prosperity of the
country is found in the fact that such
a large number Of farmers are pur-
chasing automobiles.
Alleged hard times In Manitoba have
not dampened the ardor of motorists
or prospective ones. The automobile
license department reported q few
days since that there are 600 more
private owners of cars in the province
this year than last. The number OF
licenses issued this year was 10,400, as
against $500 last year. At an aver
1ge cost Of 81 LOCO each the newly pur-
lased cars represent total outlay of
100000, while the total number of
In the province are worth approx
$100O0,000. The new cars are I
IN types.
people, for some unexplained
nave feared and continue to
at this country will experience 1
of Industrial and business
ter the war. There seems l
classification for such specu-
contrary, there are sound c
n belief in the prediction of l.
nan Mott Robins, vice presi- f
Farm Mortgage Bankers q
Of America, who, In the 7
Zines, declares that Canada Y
4ence her greatest proper q
.evelopment in production i'm
ttely after the conclusion Of the t
The country will certainly have ! fl
,tionally favorable commercial C
ions to take advantage Of. il
Inere will be the great need of Eu- (
1pe In the work of reconstruction, o