The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1916-03-02
WONDERFUL PROGRESS
IN CANADA
II Is Over the Hill-Splendid
Bank CIearings, and the Crop
Returns Reveal Vast Posi-
billtes for the Future.

billtieS for the Future.
There are opportunities for invest
ment in Canada now that may prove
attractive 90 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, the
future OF the Dominion is assured as
one Of prosperity in the developm6t
of its vast resources chicago Tribune.
short time ago the Canadian gov
ernment asked for private subscrip
tions to loan of fifty million dollars
Less than a month vas given for com
2lction of the subscription. On No
vember 3Oth the day upon which sub
scriptiUns were TO cease, II was found
that 10 million of dollars had been
subscribed or 60 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 pot aside
all doubts of Canada's rapidly increas.
ing prosperity
The bank clearings OF Winnipeg for
1915 were billion and a half of dol
lars, Think OF It. Then, In addition,
there were the bank cleariugs 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 a per cap
lta basis of over $1,000 per head for
r.ty and has gone ahead OF big man
! ufacturing cities like Bufalo, and
runs close second to Detroit II
has shown bigger bank clearings than
/ he middle west cities of Minneapolis
and Duluth, and has exceeded Los
Angeles, Seattle and other noted ship
| ping centers. 1t is now side by Eide
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 II does not follow
that. at the end of the war, the coun
try must suffer relapse and straight
way return TO a state of inactivity and
hard times.
A Winnipeg paper, with a well
known reputation for conservatism In
economic matters says:
Canada's undeveloped fields should
prove a mighty factor after the war II
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 cen
over last year, give slight idea OF thu
future wealth stored i'm vast stretche,
Of prairie plain yet untouched by tn,
plow The Northwest Grain Dealers As
sociation on September / estimated
that the wheat crop of the three Prairi,
Provinces would amount to 250.S00 00
bushels On November 10 that est
mate was increased to 3O7, ,230 90
bushels. The Dominion government
on September 13 estimated the West
ern wheat crop at 275,772,2OO bushels
but on October is those figures wer
changed to 3O4,2OO,0O0 bushels.
Monetary Returns for the Wester
Crop.
And the amount of money which tn
west is receiving for its grain has nc
yet been wholly appreciated. Up I
the 10th of December the Canada
west had received some 10 millio
dollars for lS2 million bushels of il
grain crop. of which 149 million busl
els was wheat. The average price {
No. ! Northern wheat for Septembt
was 937s cents; for October 9Si
cents, and for the first three weeks
November Sl.O3%. On the 10th
December there was fully 1870 millio
bushels Of wheat to be marketed Tn
would leave about 80 million bushe
for local consumption in the Prair
, Provinces.
Dradstreet says:
Confidence seems to have returnC
, D.. in Canada; grain crops are exceptio
ally large, prices pay the farmer. an
! the war.order lines provide work an
, aid In circulating much money. Cred
, is more freely granted, and interit
merchants are disposed to buy rath,