The Laclede blade., 1916-02-11
WONDERFUL PROGRESS
IN CANADA
It Is Over the HiIISpIendid
Bank Clearings, and the Crop
Returns Reveal Vast Posi-
bilitieS for the Future.

-
ment in Canada now that may prove
attractive to American capital. Lane
prices in the west are low and wageI
less than on this side Of the line, anC
whatever the outcome of the war, the
future of the Dominion is assured al
one Of prosperity in the development
Of its vast resources" Chicago Tribune
A short time ago the Canadian gov
ernment asked for private subscrip
tions to a loan of fifty million dollars
Less than month was given for com
pletion of the subscription. On No
vember 30th, the day upon which sub.
scriptions were to cease, 1t was found
that ITO million Of dollars had been
subscribed or so million dollars more
than the amount asked. II there were
any so pessimistic as to imagine that
Canada was passing through period
Of hard times the wonderful showing
of this subscription should put aside
all doubts Of Canada's rapidly incteas-
ing prosperity
The bank clearings of Winnipeg for
1915 were a billion and q half of dol
lars. Think of it. Then, in addition,
there were the bank clearings Of the
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 its history in 1915. A
billion and a half are big clearings,
representing business on per cap
ita basis of over $1,000 per head for
every man, woman and child in the
city, and has gone ahead of big man.
ufacturing cities like Buffalo, and
runs close second to Detroit. It
has shown bigger bank clearings than
the middle west cities of Minneapolis
and Duluth, and has exceeded Los
Angeles, Seattle and other noted ship
ping centers. 1t is now side by side
with the ten biggest cities in North
America in amount Of bank clearings.
But because the war helped Canada
recover quickly from a natural eco
nomic depression it does not follow
that, at the end of the war, the coun-
try must suffer relapse, and straight
way return to state of inactivity and
hard times
A Winnipeg paper, with a we'll
known reputation for conservatism in
economic matters says: /
Canada's undeveloped fields should
prove mighty factor after the war in |
adjusting the country's business from
one period to another. The staggering
figures of this years crop, showing In. |
creases in production of so per cent |
over last year, give slight idea Of the |
future wealth stored in vast stretches |
of prairie plain yet untouched by the |
plow. The Northwest Grain Dealers As
ISOLATION on September / estimated |
that tho wheat crop Of the three Prairie
Provinces would amount to 25O, 800, 600
bushels. On November 10 that esti. |
mate was Increased to SO7, 900
bushels The Dominion government
on September Is estimated the West
ern wheat crop at 275, 5,772, zoe bushels,
but on October Is those figures were
to 3O4,20O,OOO bushels.
Returns for the Western
Crop.
And the amount OF money which the
west is receiving for its grain has not
yet been wholly appreciated. Up to
he 10th of December the Canadian
west had received some ITO million
dollars for 1872 million bushels of it's !.
grain crop, of which 149 million bush. T,
lis was wheat. The average price of
20. Northern wheat for September
vas 93M cents; for October 98M
,ents, and for the first three weeks of !
November $1.0S&. On the 10th Of
december there was fully 120 million /,
'ushels of wheat to be marketed. This {
would leave about 80 million bushels !
or local consumption in the Prairie Z
'rovinces. I
Bradstreet says:
Confidence seems to have returned
q Canada; grain crops are exception. /
lly large, prices pay the farmer, and I
be war-order lines provide work and {
i'd in circulating much money. Credit I
! more freely granted, and interior &
are disposed to buy rather {
berally. .'-Advertisem Z
No Coin. b