Agricultural and Industrial 

 Progress in Canada 



A monthly review of Agricultural and Industrial progress in Canada, 

 published by the Department of Colonization and Development of the 

 Canadian Pacific Railway at Montreal, Canada. 



VOL. 4 No. 10 



MONTREAL 



October, 1922 



The Upward Swing 



THE more that is known of Western 

 Canada's wheat crop, the higher go the 

 estimates for the total yield, the Govern- 

 ment having now placed the estimated yield in 

 the Prairie Provinces at 365,045,000 bushels, 

 and the total for all Canada at 388,733,000. 

 If this estimate is borne out, it will give Canada 

 the second largest wheat crop in her history, 

 and, coming on top of marked recovery in 

 industry generally, makes the outlook very 

 promising. 



A yield of 365,000,000 bushels of wheat in 

 the Prairie Provinces of itself contains quite a 

 story of development, for this will mean about 

 5,000,000 bushels more than the record-breaking 



yield of 1915. In 



that year the 360,- 

 000,000 bushels were 

 due entirely to the 

 bounty of Nature, 

 the average yield 

 per acre for spring 

 wheat in that year 

 having been a little 

 over 26 bushels. But 

 this year Nature has 

 not been nearly so 

 bountiful, the aver- 

 age yield being esti- 

 mated at 17.25 bushels. The immense yield has 

 been due to the fact that whereas in 1915 there 

 were 13,900,000 acres in crop in the Prairie 

 Provinces, this year there are approximately 

 7,500,000 acres more. The splendid crop this 

 year, therefore, is entirely due to the develop- 

 ment of the country within the past seven years. 



Such facts as these explain Canada's in- 

 dustrial progress. They explain her ability to 

 come back. Furthermore, while other countries 

 are talking about getting back to their pre-war- 

 production levels, Canada, in her wheat acreage 

 alone, reports an increase of well on to 100% 

 within the last ten years. When one takes into 

 account that within the settled area of the 

 West there are 25,000,000 acres of good land 



LATEST GOVERNMENT CROP ESTIMATE 



1921 1922 



Wheat 300,858,100 bu. 388,733,000 bu. 



Oati 426.232,900 bu. SS8.358.000 bu. 



Barley 59.709,100 bu. 76,395,500 bu. 



Rye 21.455,260 bu. 49,601,800 bu. 



Flaxseed 4.111,800 bu. 5,296.000 bu. 



Hay and Clover. . 9,930,000 tons 15,545,000 tons 



untilled, a fairly good idea of the possibilities 

 for further development is gained. 



The return of the Canadian dollar to par 

 naturally excited much favorable comment. 

 One of the important features of the comment is 

 that the recovery has been very largely due to 

 American investment and interest. Mr. E. L. 

 Pease, Vice-President of the Royal Bank of 

 Canada, in this connection, says: "The return 

 of the Canadian dollar to par is a wonderful 

 tribute to Canada. Look at the countries to 

 the south Brazil and Argentine their cur- 

 rency is not yet approaching anything like 

 normal. Our proximity to the United States 

 has helped us very largely, for Americans are 

 investing heavily in the Dominion, making this 

 country an export centre for the distribution of 



their goods to all 

 parts of the Empire. 

 Despite the Fordney 

 Tariff, the United 

 States must buy our 

 wheat for mixing 

 purposes, and that 

 will give us an ad- 

 vantage ; the coming 

 of our 350,000,000 

 bushel crop will 

 mean another ad- 



; j vantage." 



Mr. E. W. Beatty, 



President of the Canadian Pacific Railway, inter- 

 viewed at Fort William on his Western trip, said: 

 "We have a tremendous crop, which it is hoped 

 will be marketed readily and at fair prices. 

 If those anticipated results are secured we should 

 start the next calendar year in a much more favor- 

 able position than existed in January of the pres- 

 ent one. The financial situation is clearer and 

 stronger, and the fact is that the most difficult 

 period has been successfully passed, and confi- 

 dence in the future should be high." 



Customs and excise revenue during August 

 showed an increase of nearly $5,000,000 over the 

 same month of the previous year, dutiable goods 

 being responsible for over $1,000,000 andthebal- 

 anceattributed to the sales tax, taxon cheques, etc. 



Increase 



87,874.900 bu. 



132.125.100 bu. 



16,685.400 bu. 



28,146,540 bu. 



1,184,200 bu. 



5,615,000 tons 



