The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
WESTERN SECTION
ISPR0SPEROUS
Alberta Places $1,0O0,OOO in
5 1-2 Per Cent Debenturcs
With Toronto Banks.
BIG CROPS IN SIGHT
Dominion to Spend $50,OOO,-
600 in Public Works Dur
ing This Year.
specioi Despatch 10 THE suS.

tho movement of new capital into Al
, berta is not pronounced, since winter
Is the off season in that respect factors
developing Indicate financial conditions
In this province this year will be highly
satisfactory. One barometic sign In that
connection was the marketing by tender
OF 81 100000 worth OF Alberta bE per
cent debentures last week. In field OF
sixteen competitors two Toronto Dond
houses. acting In concert, purchased the
securities at 99.14.
! A year ago the province placed on
the market the same amount of per
cents The result OF sale this year was
/ that cash returns on 5A per cents
Welded $4,000 more than per cents In
previous sales.
The provincial Legislature will meet
next week. when the programme OF ex-
penditure will be determined. No provn-
cial public work has been done in the last
| four years and a comparatively large
, amount of public expenditure Is antici-
pated.
| In addition to the provincial OUTLAWS
on public works the Dominion Govern
ment Is spending S50,0o0.000 this year.
$40. 900. 900 being for railway work and
the balance for public works. Alberta
will get a large share of that money
for both purposes.
| In general building there has been
four years Of comparative inactivity and
| Il Is certain that needs which are ur-
gent will make for its revival
! Added to need is demand OF returned
soldiers for work, which will tend to
make the construction programme more
| extensive than under normal circum-
stances.
Ia
Since war began the province and its
cities have been ecomizing and, while
! stress has been experienced here and
there. generally speaking the situation
| is reassuring to moneyed interests AL
berta has been taxed, but probably not
so much as have other places. As an
offset 50 much development OF natural re-
! sources, production of foodstuffs from
land and raising of livestock Is In sight
that feeling in financial circles is that
compensation will he adequate.
! =. Burns. a millionaire livestock man
and meat packer. Is opening up his rich
| coal fields in sheep Creek Valley. nifty
odd miles from Calgary, and few miles
across the hills in ITishwood Valley the
II. A. Ford properties, which correspond
to Burnss IN formation and are re-
garded. II anything, as richer, are being
exploited They are ClaSsed among the
greatest coal fields OF Canada. their
grades running from bitum!nous to an
/ thracte coal.
The province was never so we'll pre-
pared for extensive seeding as il is now.
! With a favorable season. according TO a
statement tonight TO THE SuN corre-
spondent by Duncan Marshall. Minister
OF Agriculture, 10 per cent more land
should he put in crop than at any pre-
vious seeding time. The season has been
open, with almost tropical weather pre-
vailing. but experience of past years has
been that that kind Of winter is followe j
usually by wet spring. for which the
farmers are praving With wet season,
particularly in the early part Of the year.
the crop will be a record one in THIS
province, Is the forecast OF the Minister
OF Agriculture.
Expect ~ T.. c. Wheat Increase.
F w Cranden. who farms 1000
acres in different parts of Alberta. esti-
mates for THE Sun the increase in
wheat acreage this year as 70 per cent.
Last year Alherta's wheat acreage was
1900, 600. which in spite OF drought pro-
duCad a yield worth nearly $4,000. OO0.
This has been the mildest winter since
1855 and l!v" stock has wintered
splendidly Hogs are becoming scarcer
as drought lessons the feed supply
Cattle. sheep and horses are increa sing,
One vital consideration is that Of fixed
prices for wheat, concerning which the
Dominion Government has not reached a
decision. To-day at the annual conven-
ton OF the United Farmers OF Alberta AT
Edmonton Il was decided unanimously
that they should not request the Federal
Government to fix prices. Their argu-
ment was that, II they made the request
1.-The manufacturers could demand as a
lcompensat ion that the tariff be left as I,
is Alberta farmers demanded on tho
preceding day that there be free trade
with the United states and lower tariff
on British goods.
In the Saskatchewan Legislature TO.
day different course was taken, mem.
bers unanimously voting to ask tn,
Dominion Government to fix the price ot
wheat for this year and that body yes
terday also Unanimously voted for free
trade with tho United States and gradu
ally lowering the tariff on British goods
Iuntil at the end OF five years Their,
would be free trade with the mother
country.
, Many American farmers are ex
pected to come into Alberta this year
The first contingent. composed entirely
OF Mennonites from Lewiston. Mon. 1!
en- route to Rockyford. Alberta.
Flour mills here are Idle. FIXED price.
for bran and shorts in Canada opcrat,
to hamper their competition with mills
= In states where that restriction has beer
removed Tho American mills as a con
sequence NJ favorable conditions can de
liver and underscll Canadian mills by 3,
cents n barrel at the Atlantic seaboard