Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-30
CANADA'S GROWTH
IN GO YEARS GREAT
Buying Goods From U. S. at
Rate Of S1,884,130 a Day.
Has National Holiday.
BY j. G. ROYLE.
snnninl Disnntch to The Star.


NEW YORK, June 30.-Canada now
Is blving goods from the United States
at the rate of 81 ,SS4,130 a day, accord.
ing to James Malcolm Canadian min
lister of trade and commerce. That
would seem ample justification for
Americans to start their national holi-
day a bit sooner than usual, in order
to rejoice with neighbors and business
associates across the border in the
celebration of the siXtieth anniversary
of Canadas birth as a nation, which
begins July /.
The occasion is hailed as a milestone
in business progress by American in
terests, who are profiting to a wide
spread degree through the commercial
relationship. Further development of
Canada means millions of dollars to
American investors.
Sixty years ago Canada was a pio-
neer country, with the prairie prov
nces-noW the source of huge wheat
production-mere nasturage for buf'
falo. With the tide of immigration,
the populat alton has risen from $685.
257 in 1867 to $3.50. 300 in 1926. The
buffalo pastures have produced wheat
to the extent Of 400 ,S11 900 bushels,
worth $445. $50, 600, in the last year.
investments
Investment of American funds III
Canada has helped formulate n trade
in American products north of the
line which this year will exceed $780,
900. The amount of imports into
Canada from the United States in the
fiscal year ended March 81, 1927
amounted to SG87, 707.719, with an av-
erage per capita purchase of S68.75 for
ago Canada s purchases from this coun-
try amounted to only S22 ,600,132.
Thus imports have increased 5000
per cent in the 60 years. AT the same
time Canada's sale of goods to the
United States has risen 2,400 per cent
to $40S, 423, 051.
Settlers who have gone to Canada
from the United States in the last Is
years have taken cash and personal
property amounting to $171, 074.761
with them. Twenty-one American
States have each contributed 10000 or
more settlers to the Dominion since
1912.
Canada can absorb a minimum of
100000 immigrants from Europe and
the United States each year without
danger" said l.. w. Beatty. president
of the Canadian Pacific Railway. I'm
migration in 1927 should reach the
100000 mark. A total of 143 ,991 enter
ed in the year ending March 81"
When Canada became a nation. the
bulk Of her trade was with Great
Britain. Today the bulk of the trade
of the Do:ainion is with the United
States, and the total money value of
this commerce is nearly double that
of the interchange with the mother
country. In other words, Canada's to
tai trade with Britain is ~ times
what it was 60 years ago and with the
United States 221a times greater.
World Trade Expands.
Canada's total world trade has
grown in the three-score years from
$120. 700, 900 10 $2,298, 46S,000, an ex.
passion such as has been recorded by
no other country. Canada now stands
fifth among the business nations and
in per capita trade takes second place
only to New Zealand. The Dominion
Is growing as a manufacturing coun.
try and is now importing d huge vol.
ume of raw materials which are
turned into finished products in Ca
madam factories. This is due, accord
ing to Mr.. Malcolm, to the opening
up of the great Western stretches of
territory and to the war, which left
permanent imprint on the variety
and efficiency of Canadian plants. Ac
cording to the latest available figures
Canada now has 22,331 manufactur,
ing establishments with 44,014 work
ers employed and $3,S0S, 2S9 1881 in cap
ital invested.
Individual prosperity has grown
with the same impetus as have trade
and industry. Deposits in chartered
banks in the Dominion in the year of
confederation were only $55 200, 900. or
S19 person. AT the beginning OF
1927 savings deposits totaled $1,34O.
500 ,021, or $134 a person. Life insur
ance has risen to about $500 per