A GRAND TIME AHEAD.

Dominion, Volume 3, Issue 677, 30 November 1909, Page 8

A GRAND TIME AHEAD.

; HON.. T,. MACKENZIE'S DEDUCTIONS. !.V-'■■:> ■;.THE;'PRODUCEE'S OUTLOOK.' ' -":j ,'■','■ v IBs Tolcerajh-fcesa Associations ' ' :- . : .'. C(iristcbur:ch,.November'29:.During the.'course of his speech at Mackenzie, on- Saturday .'evening,.'tie. Minister for Agriculture, .rclerring: ! to. the farmers'', ontlook; said: ; "The.'general: prospects , for. the .world's trade.are , ; good/ and .as this country is.affected by , the. success or the leverso of trade' prospects in older.'countries,; 'wo , may look forward: with a.'ji-easonable degree ,'of assurance to increased prosperity here. , The position of the iron, output, of gold, and of the. harvests, 'with firm , prices, .'usually indicates a period of trade prosperity, and,,the. position v of.irfin,. gold ,and wheat at .It is held by;' competent authorities 'that, the increase in tneworld's output of gold indicates a-continu-ance: of.trade : land it .'has been 'pointed out ..in; vindication -6f'. that. opinion what has occurred in tho past:when'the output of gold did - not increase.'-/ In 1887 the world's output of gold' was : ' and last 'year it. ;, amounted, to > South, Africa■: since' 1904."has.more than doubled its output of gold, which now, stands at ;G32,000,000.: per annum. ; The.-'-United;. States;, in "1890 .■ produced' 32,000,000 dollars'- worth ''of--'gold,- and >.last year she re'acbsdDfi.OOO.OOD' , 'dollars' worth. ' According to.: recent I :,read. that accumulation,of gold in the.; hanks wis inever greater, It has increased in the past six months from to ' ■ '. '.:.-'•'.': ■'■■;■ •-.'

■ ''."Now,. ; speaking' mortr- immediately ;of our own country, we. : have. r the promise of a most bountiful'harvest, 'if,', all goes, well. I\jr the majority :■- of ; our products there,"' should be satisfactory prices— ; for"'butter,';cheese, wheat, hemp is improving,' and our frozen meat ; still stands at a considerable advance over prices, obtained not so' long ago...The increased price pf wool, and also the increase:in output (based.;on the price of May of last year) should • equal; fully .£3,000,000 to the-i settlers-of ■■this: country. \Ther6 has been an increase :of 22,000,0001b. for ,the year ending March..3l,-over that of.-,the previous year,.and this;-season to marfca still greater l incTeasei;i"-,-(»rL,;H :' ■';■ ..'• .. •■. .- " ;■. i''SpeakingiMdf.''incroases;si might ' Parenthetically, that■ our 'exports for; the , first Eaven.. i m'i9iltHj';of r thig r j !yea'r"- show an- increase in Rvalue,, of .'more thnii over : tho-cor-, reepoiiding: period of 'i lost year. 1 ':, !Sh.e .difference ■betwsen.iimpbrtal.aiid. ejports..marks sound comj merdal'anu.'fmancial,pfjgress.-As.regards;,wpol, atianyrate, everythingvjioints 'to"α-bonjjnuiutce of!? tixi' '■'pre^Bttt ■'.' satisfactory; conditions. .- . The. . totaliof-'theVwprid's-flockS'at.'the en'd ; 'bf 1908' wa5" : 4«2,584i528, ..as'lagainst -522,564,1351 in 1893,and dnring tho .same.'period itne: world's wool 4' using population had increased from 522,836,225 in 1895..t0 1908,- The\floclts- are thus decreasing, whilo.'the, users of wool are tn- ! oroasing. It-,.might.',bo: interesting to : ; noie where decreases in nocks come in .Germany hals decreased' her flocks--from , ;25,000,000 to ~and' 'France- , 'from' 32,000,000. -to 17,080,000.".'I 'might'point'out'that decreases .in.' flocks lave occurred in; those countries to which we; have'no laccess for out frozen meat, so.that does : not easo us; in thai respect... -. i "Another interesting thing to :riote is the ! change that has taifen'place in the .populations of comparatively-new countries, and the effects on" the; .production and '■■ consumption "of thfijt 1 products. The TJnrted States has not for a'.'con.' sidafable period increased her output of wool, whilsfher exports of wheat .and: cattle have enormously, diminished. This is.'dne'.'jmdoabt. .edly,..to'.vthe factiof, tte-great-iiicrease; in 'her. hoine <!OBsumption. ! With -her poptdatipn nnmborlng''some' 88,000,000: spuls, 'she .has , 'now reached the'point of absorbing much of.what she produces. On the other hand, the: Argentine,: with' her vast amount of'',-undeveloped country, is more than formerly;!: occupied, by the.TJnKed Sfetes in exportuig her; prodncts to. .the .markets ' of the world."- ■;■*-,.'■ '■■ ■'- :: ■'.- '■■' :'> ■;'. •"■;-- : --. -. ■