The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-04-22
OPTIMISTIC OYER
CANADA'S FUTURE
Guaranty Trust Company Re-
ports Results Of Survey
Made Recently.
EXPORT LULL TEMPORARY
Likely to Be Resumed as For
eign Countries Use Up
Reserve Stocks.

That Canada is "a land of tremendous
possibilities not only for those who
live there and the people of the Western
Hemisphere generally, but also for the
world at large Is the conclusion drawn
by the Guaranty Trust Company from a
careful investigation of the Dminion's
future prospects and published In
pamphlet which the company has Just
Issued. Natural resources. manufac-
lures. foreign trade. fisheries, railroads.
agricultural products ana many other
factors have been analysed In this re-
port.
Canada enters upon the period Of
readjustment to peace basis. the
pamphlet reads with the conscientious
ness of having accomplished extraor-
binary things during the war not the
least of which was a swift passage TO
that stage of economic life where the
basic industry OF agriculture Is enlarged
by intensive effort and manufacturers
have advanced to an extent indicative
of ability to provide beyond domestic
needs"
Trade Balance Favorable.
The expectation that foreign countries
Will use up their big reserves Of supplies
more rapidly with the menace OF the sub
marine removed and the prospects of
securing new supplies from America and
Canada bright has led to the belief that
both the United States and the Dominion
soon will resume to no small degree that
big foreign trade which they enjoyed
previous TO the signing OF the armistice
For the last four years" says the
trust company's report. Canada has had
favorable trade balance, due largely,
of course, to her shipments OF foodstuffs
and munitions. In respect OF the latter
1t may be said that Canadian steel manu-
features increased l25 per cent. during
the war and that whereas at the be-
ginning OF the war no Canadian manu-
facturer had ever made n shell or a
cartr dye case or fuse the country was
furnishing during the latter part of 1917
no less than 55 per cent. OF all shrapncl
SHELLS and AZ per cent. of all As shells
used by the British army. From the
time the Imperial Munitions Board was
established as the agent for the Imperial
Government in December, 1915, orders
for upward OF 65,000000 shells Of a
value OF $s37,456.S2G were placed in the
country.
with the signing OF the armistice
the great expectation OF munitions
was stopped and also to large ex-
tent that of foodstuffs. This was due
to the fact that with the elimination OF
the submarine menace the European
countries found it no longer necessary
to keep immense reserves on hand to
provide against some possible submarine
disaster. Now. however. these countries
can use up their reserves without fear.
since both supplies and tonnage will be
available when they are wanted This
means n temporary curtailment of the
expectation of Canadian food products
and stores in Canada are accommodating
rapidly.
Exports in December, 1918, were the
smallest in three years. There was also
in that month an expansion OF imports
so that Canada's favorable trade balance
was reduced for the month to $4,000
900. against $S6,000,000 in 1917; S62.-
100000 in 1916. and SAC 900, 900 in 1915.