Evening Republican, Volume 20, Number 18, Rensselaer, Jasper County, 21 January 1916 — Page 3 Advertisements Column 3 [ADVERTISEMENT]

WESTERN CANADA’S GREAT HARVEST

Decidedly Encouraging From Every Standpoint. ± Speaking of conditions generally In Canada, tbe most encouraging feature of the year, from a trade and financial standpoint, has been the bountiful harvest of the Northwest, where a greatly-Increased area under cultiva tlon'has given the highest average yield in the history of the country. It -te* estimated that, the grain crop of Manitoba, Saskatchewan and Alberta has a market value to the producers of approximately four hundred million dollars, in the use of which we may anticipate not only the liquidation of much indebtedness, but the stimulation of current trade. The annual reports of the various banks throughout Canada are now be ing published. They savor of opti mism all the way through,--and, contrary to what might be generally expected in war times, business is good everywhere. The General Manager of the Bank of Montreal at the recent annual meet ing said: “The position of Canada is a highly favored one, with an assured future of growth, development and general prosperity." In the same report it is said that the Canadian West “has recovered to a marked extent frorf the economic dis location of a year The season’s wheat and other cereal crops have exceeded all previous rec ords in quantity and quality, and, despite the enormous yield, prices have been uncommonly well maintained. It would be difficult to exaggerate the importance of these results to the Prairie Provinces —and the Dominion at large. The prosperity of those engaged In mixed farming and ranching is most encouraging. The flour mills in Manitoba. Sas katchewan and Alberta are busy and are doing well. Their combined daily capacity is about 27,000 barrels. The large advances of the Dominion Government to farmers in certain districts, principally in the form of seed, were made very opportunely and have been amply justified by the very large crop yield in those districts. . Business in many important lines is good and should continue to improve as returns from grain yet to be marketed are received. The general business outlook, has been transformed by the large crop. The returns of the gross earnings of Canadian railroads for November show those of the Canadian Pacific in creased $1,796,000 or 78 per cent for the last nine days of the month. Com pared with same month year ago, increase no less than $5,291,000 or 67.6 per cent against a 45 per cent gain in October, and a decrease of 4% per cent in September. H. V. Meredith, of the Bank of Monteal. in a receht'address delivered at Montreal, declared that the most encouraging feature from a trade and finance standpoint had been the bountiful harvest of the Northwest, where the greatly increased area under cultivation had given the highest average in history of the country. He esti mated the grain crop of the three provinces at a value of over $400,000,000, and said that such remarkable results would have the effect of attracting tbe tide of immigration to our shores, whemthe world is again at peace. The restoration of a favorable balance in our foreign trade is a factor of supreme importance at the present time. It is the general opinion in the East that the 1915 grain crop in the Prairie Provinces not only put the whole Dominion in a sounder trade and flnan cial standing, but that it will also result in a big increase in immigration to the West of agricultural settlers, who will include capitalised farmers from Europe and the United States as well as homesteaders —Advertisement