Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 18, 1940, Winnipeg, Manitoba It 33 Ive req it i re r co ate Ca he s fur Artmen Tii ets 3ns Bri 3abc Cro m 6s 7 con a 1 1960 Ial 33rd annual Prairies Survey Winnipeg free press thursday january 18, 1940 Page thirteen ree press agricultural business review 1939 Western Canada s Large 1939 wheat crop forms vital resource in Allied War Effort demonstrating the productive capacity of the Prairies and Lonin Butiu of new wealth to Western Canada Ori Cullura. The West s Basic Industry rolled up a nine years ecord in 1w in value of production according to official Semi official estimates. Nearly every Branch of the Industry contributed to this or Kably showing which was a gain of nearly ver the previous year s production which had a value of 16.78-1. To was also the Best result since 1930, when a relatively Price level was responsible for being placed n the value of farm products in that year. Major contribution Canada ? Fertile Fields Ilary the a Hoat crop made a contribution to the 1939 bal acc Sheet with Field crops a uni Ai against in 1938. The livestock Sec it Lully recovered from Lichih la Ion of drouth area c in also a major lain with value of livestock handled it Western Rocky nerds at s29.253. ,46. And increase of Over he 1938 total. Dairying Dairy ims. Almost a s50.000.000 Busio in Vvs Ern Canada made new l cords in Quantity production in past year but due to lower a Ricks for Dairy products the value if production at s47.521.226 showed moderate decrease from the Previ Vear s4fl.059.736 was real acc Froni Liis source. Poultry Noirl Honey Poti Lerv in aft Ive and important ranch i Western agriculture hich after year has been sup i men Iii the income of Prairie j Rod users was responsible for j 100.000 Beins added to the 1939 production total while Honey Contri buted nearly High Mark years Prairie agriculture production has passed the Mark four times in the past ten years. The High Point was attained in 1923 a year of inflated values which helped to boost the total to 000. The 1930 figure of and the past year s Mark of were the nearest approach to this figure. In 1936 Western Agri culture values reached comparative figures following is a summary of the values of Western agricultural production since 1929 year 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 value 8 Vota teat yield Large Money crop the wheat crop of 1939 has meant More to Western Canada cold Cash than any crop for the past ten years. The Prairie Grain Belt lived up to its popular description Fields of Golden Grain by producing the biggest Money Rop since 1929. It had a value of o a preliminary estimate issued by the Dominion according Bureau of statistics. The 35 36 "37 3b Arley. This was More than double the valuation placed on a crop at the Tow Point of 1931 and compares o.000 for 1938. J addition to wheat such important Cash crops As bats Rye and flax have contributed to the wealth of the Iraik s with value of All Field crops estimated at i or Ronio than s60.000.000 above 1938 figures. With Good yields from Many districts which often produced ropy not won cutting in previous years coupled with a acc Nelly improved Price level whole sections of Western can a Are experiencing better conditions than they have for years. He West s Basic Industry the near record wheat crop Means extra income extra purchasing Power to Section of the population. Encouraging Trade Board sees year of Prosperity ahead the business Outlook Lor Winnipeg and Manitoba for. The present year is definitely encouraging says the first statistical bulletin for 1940, issued by the Winnipeg Board of Trade. Stronger prices for Grain the consummation of the Bacon agreement with great Britain is helpful to agriculture and there Are a number of other favourable trends All of which should assist in giving Manitoba a greater degree of Prosperity Han has been the Case for some time past. Winnipeg Bank clearings to dec. 30, totalled As compared with for the previous year a gain of and one of the largest gains made by any City in Canada last year. Telephones in service in Winnipeg during l939 increased to from and there was also a gain in towns in Manitoba As Well As in the number of telephones installed on farms. Building permits issued in Winnipeg in 1939 amounted to compared with Lor the year 1938, a gain of or about 23 per cent. New housing accommodation included 194 Homes valued at and three apart ment blocks. A substantial number of Homes were also erected in the surrounding municipalities thus resulting in a material increase in housing accommodation in greater Winnipeg. Office vacancies less a Survey covering 30 of the Prin Cipal office buildings in Winnipeg with Rentable Square feet showed an average vacancy of 12.7 per cent As at october 1, 1939, with an average of 14 per cent on de Cember sales and new leases of land and buildings acquired by the City of Winnipeg through tax Sale including Garden permits amounted to approximately As com pared with for 1938. In 4 f real Progress eluded in the year s sales were 154 Home Sites practically All the Pur chasers undertaking to build in 1939 or 1940, while 228 leases City properties were arranged to yield with a lower tax Levy for 1939, Winnipeg s tax collections from Jan. 1 to nov. 30 were As compared with for the same period of 1938. The percen Tage of current collections was 76x35 against 72.23 per cent in 1938. Production of higher tidal production of furs for 1939 was valued at As com pared with for 1938. Fur from the wild accounted for 341 in 1939 and in 1938. Fur farms produced in. 1939 i As compared with for 1938. I last nearly Arr l win Elj marketing Leavier i 1939 while Lamb marketing at the is. Boniface Yards during 1939 for Alt. Purposes were about on a Par i with 193s, the movement of Western mate destined for Eastern Points substantial increase of win 19.000 head Over through shipments for 1sj38. The do aces wai5 minion service reports. Plentiful feed supplies available at Low Cost coupled with a Broad demand for lambs and Wool made or a fairly profitable trading year sheep and lambs with the Gen a erase level of prices stand Ivell above 1038. No Outlook for 1940 appears to est n More promo Brig and while no Truid of prices on Mutton and Iamb will Likely follow other species f live Stock the textile Industry a Broad demand for Voois under present conditions. Ati 1939, a critical War year in which food reserves assumed the utmost importance saw Western Canada harvesting a wheat crop Esti mated at More than bushels the largest since the record year of 1928, when Western wheat Fields yielded bushels. Since pioneers slowed up the Virgin soil of the Prairies Only two other crops Are comparable to the 1939 yield that of 1927, when wheat production reached bushels and the Harvest of 1923, when approximately bushels were taken off. The year was featured by a near record wheat Harvest in Mani Toba approximately bushels and the comeback of Saskatchewan which contributed around bushels to the Prairie total. The 1939 yield in Saskatchewan was the largest since 1929, while in Alberta production was estimated around bushels the Best crop since 1932. Western Canada s Large wheat crop and relatively substantial yields of coarse grains have provided Allied governments with vital Grain reserves so necessary for the successful prosecution of the War. With an exportable wheat surplus currently estimated around bushels strategically located Canada therefore holds a major asset in Allied resources. Comparative values comparative values Western wheat crops for the past 11 years As estimated by the Dominion Bureau of statistics Are shown be Low 1928 192g 1930. 1931 1932 1933 1034 1.035 Crair Harbour lories. Canada is Post office ii Iro. Northwest Terri the most North the British pm 1936 1937 1938 1939 because of record yields the crop would have meant even More than the figures indicate if prices had been Normal. Although Market quotations today Are some 20 cents Over last year s figure the average for 1939 As a whole is 59 cents under that of 1938. Gross value the total Gross value of Field crop production in Canada in 193e is 17 per cent greater than that of 1938. The increase in 1939 was Shar Golden Grain continued on following Page higher grades predominate in Western Canada s wheat crops Field crops Prairie provinces stockyards Prairie provinces wheat oats.-. Barley. Kye flax peas Beans Etc. Mixed grains potatoes turnips Etc. Hay and Clover. Alfalfa fodder Corn. Sugar beets Alberta Grain Hay. 1938 1939 Winnipeg and St. Boniface Calgary. Edmonton. Moose jaw Prince Albert. Saskatoon. 1938 resources important both in peace and War by Premier John Bracken in the struggle to which Canada is committed and in the Days of peace when the War is ended the economic resources of Manitoba Are destined to play an important part. This province has already made substantial Progress on the pathway of industrialization and further development is Likely to be quickened to meet the demands of War. The economic organization of Manitoba is vastly Superior to that of 25 years ago. Many new industries1 have been established since 1918. Then Manitoba produced in metals and today Mineral production exceeds a year. The mines and factories of Manitoba will produce the sinews of War As Well As the materials of peace. In round figures our Metal production is pounds of Copper pounds of Zinc. Ounces of Gold and ounces of Silver. Bonds called for redemption before maturity Canadian Industrial and Public Utility Bonds called for redemption prior to maturity during 1939 amounted to according to a compilation made from Nesbitt. Thomson s recently published Book let Canadian Industrial and Public Utility Bonds. This total of consisted of 13 Industrial and 13 Public Utility issues which were called in full during the past year the companies concerned issued new. Serial total. Poultry Prairie provinces approximate prel Manitoba. Saskatchewan. Alberta total preliminary estimate Dominion Bureau of statistics valued on farms. Dairy Prairie provinces Manitoba Alberta preliminary Manitoba Saskatchewan Alberta. Total. Industrial Plant capacity and physical volume of production in Manitoba Are from two to three times greater now than in 1914. When the last War ended the capacity of Hydro plants in Mani Toba was horse Power. By the end of 1939 this figure had in creased to horse Power. A network of transmission lines carries Hydro electric Power to 140 Points throughout the province. Upward trends in Industrial production have been continuous for several years and will probably continue undiminished in the years that lie ahead. The value of Mani Toba s farm products will reach a total of approximately for 1939. Fresh water fish production was pounds last year an indication of. The upward trend that has existed since 1931 in this Industry. In the mid depression year of 1933, the value of Manitoba Miner in Nada 1939 total Alberta map of wi5tirh in Cong of hard red Spring Whiat 1939 crop increased marketing higher prices feature trading operations in 1939 reviewing operations at the Union Stock Yards St. Boni face for the year 1939 As the barometer of the livestock Indus try for Western Canada cattle feeders enjoyed a larger measure of Prosperity compared with recent years when drouth and other unfavourable conditions exacted a very heavy toll on All phases of agriculture according to a Survey issued by the Dominion Market service. Increased marketing coupled with a general higher level of prices obtained for practically All classes of cattle Over 1938, operations on the St. Western Canada s 1939 wheat crop is Date which show approximately 85 per cent of hard one two three and four Northern four pared by the Board of a in ution of a rads. It is poised out Nav Small area cont Erin that to. 1 Northern in lower oracles predominate Only Central Saskatchewan. The above map pre geographic Dis. From a comparatively the map shows is. It is pointed of a a Saskatchewan. The map shows ing around Rosetown and wartime m u a g Kat Chewan and Alberta and that in predominates oven he Alberta and in East Central and South were outstanding features of trading Boniface Stock Yards during stimulation production the forced liquidation of cattle which occurred during 1936 and 1.937 seriously impaired the Bovine population of the Prairie provinces but production has been stimulated recently by a marked improvement in climatic conditions followed by Bountiful crop yields _ and More while _ the e rehabilitation period is still in Progress cattle feeders Are now in a much stronger position and As world conditions become More complicated Farmers will naturally become More livestock official pronouncements of improvements in an Industrial pick up in supplying War material will necessitate a steady flow of live Stock to Market centres through out the of the War. This is especially True to pork products More so than to beef and Mutton As recent agreements with the United kingdom ensure the farm livestock continued on following Page nary estimate. Hydro electric Energy fish and forestry products was less in 1939 this hat creased to More than the near future the develop me hese industries May be exp o result in further subset anti creases in Rie provinces x output of Coal in a during the third Quarter of Rose to tons a gain per cent Over the co Respo period of 500 4oo 3oo zoo 10o course of economist prices a f Industrial growth the latest available government figures show there were Industrial establishments in Manitoba in 1937 with a capital investment of and employing people who received salaries and wages totalling the Gross value of production amounting to steady Progress has been maintained during the last two years particularly in the expansion of industries utilizing farm Cross Tonnas j Lloyd s figures 6000 5000 4qoo 3000 2000 Muff hogs on farms the number of hogs on Canadian farms at june 1, 1939, was estimated at compared with at june 1, 1938, and at june 1, and Long term to part for these Bonds aggregating provide funds in redemption. The redemption therefore exceeded the replacement issues by indicating that corporation funds were also used in 1939 for the retirement of funded debt. The aver age interest rate of the Bonds called for redemption was 5.008 per cent while the average rate of the new refunding issues excluding the serial Bonds was 3.928 per cent indicating a substantial savings in in Terest charges. The 1939 redemption of 044 compare with a total 500 in 1938, represented by five industrials and six Public utilities. X i i a 50o 4oo 300 zoo too 7ooo 6ooo 50xx3 so 19251930 1935 13w ;