Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-31
INDUSTRY SHOWING
ADVANCE IN CANADA
Western Provinces Richest.
U. S. Sending Many Tour
lists Into Dominion.
BY JOHN F. SINCLAIR.

BY JOHN +. SINCLAIR.
NEW YORK, July 81 (NA.NA).-
Many people in the United States think
of Canada as merely an agricultural
country, given over largely to wheat
and grain growing. But this is not the
case.
The Dominion bureau of statistics has
just announced the increase In Cana
| da's wealth for 1927-the net is $780,
100000. Agriculture contributed SO per
cent, manufacturing 81 per cent, con-
struction 8 per cent, forestry 8 per cent,
mining 6 per cent, electric power 8
! per cent and the remainder was mis-
cellaneous.
The western provinces are the rich
est per capita. British Columbia is
first with 81 ,OS2; Alberta second, s., $50;
Saskatchewan third, 1886; Ontario
fourth. $4,000, and Manitoba is nth,
$2,976.
Many Tourists From U. s.
Many tourists from the United States
are visiting Canada this year-even
more than in the record year OF 1928.
Three hundred and seventy-eight thou
and more automobiles crossed the Peace
Bridge into Ontario in June this year
than last. Figuring three persons
car, that means an increase of about
100000 persons.
BENJAMIN M. Anderson of the Chase
National Bank of New York, says a
borrowing country is an importing
country; that it brings in the proceeds.
of foreign loans in the form of goods.
So primarily the borrowing country
must develop an excess OF exports over
imports.
He said that the only European coun-
try now In a position to make foreign
loans on a great scale was France. Its
gold reserve stands at 48 per cent, and
In addition 1t has more than $1,000
100000 of gold exchange, held mostly
In London.
France took gold from London In
1927 and 1928, while she was taking
1910, 100000, from the United States
during the same time. So far this
year France has been able to add $182,-
600 900 to her gold reserve, much of
which came from Germany, while Ger
many in turn is taking its gold from
London, and London is therefore in a
tight condition.
DR.. Anderson does not see money
getting any easier, yet. IF we look
at the position of the world at large"
he says. lit is clear that money is far
tighter than it was a year ago, and
that the financial strain is greater than
it was a year ago"
Develops Marketing Body.
Western Canada has developed its
cooperative marketing organizations
much more effectively and efficiently
than any other section of Canada. In
fact. the record is one to be studied in
the United States now that the Federal
Farm Board has decided to work with
cooperative institutions.
Take Saskatchewan as an example.
In that province the total incomes of
all the larger cooperative agencies
amounted to $176,640 600 for 1923; the
Saskatchewan Wheat Producers, Ltd,
$3.50, 100000; COOPERATIVE Creameries,
Ltd, $4,000 600; Livestock Producers,
Ltd, S4,918,000; Cooperative Trading
Associations, $3.50, 900; Municipal Hail
Association, s1.856,000; Poultry Pro-
ducers. Ltd, $3.50 600; Registered Seed
Operative Wool Growers. Ltd, $3.50 600
And this Is province with an area
as large as the State of Taxes and a
population about three quarters of
million.
U. S. Trade With Venezuela.
Most South American countries are
building up trade with the United
States. This shows in country like
Venezuela, where more than half the
total imports the first half Of 1928 were
Of American origin.
Official figures show that for the first
half of 1928 the total foreign trade was
equal to s96,569 900. This is figuring
the bolivar, the money standard, at 1913
cents par.
OF TINS total s3s, 1863 900 was in i'm
ports and $57,20o,000 in exports. The
imports from the United States were
$22.054,000
What American goods were most
bought? Motor trucks and tires. drugs,
electrical apparatus, shoe leather, tex
tiles, foodstuffS.
There was slight falling off in the
sale of passenger cars, but a large in
crease in the demands for lower-priced
trucks. This was due to the recent
establishment of a large number of
motor bus lines connecting Caracas
with other leading cities in he country.
The agitation for good roads Is pro-
nounced in Venezuela.