DOUBT ABOUT CANADA.

Wairarapa Age, Volume XXV, Issue 10713, 28 August 1913, Page 3

DOUBT ABOUT CANADA.

There is much misgiving upon the immediate future in Canada. During the past month I have had three enquiries about Australian prospects from London firms, who for some years have been dealing in Canadian lands (says the London correspondent of the Sydney Daily Telegraph). They have really been Canadian land agents operating upon this side, and their business has been extraordinarily active and successful. They have sold large areas of town and countryland, and, as a rale, buyers have done well out of their transactions. But lately one has detected a widespread suspicion about Canada. People are asking if there has not been too much gambling, and not enough production. Money has been taken in vast quantities into the great North-West Provinces and British Columbia, and verylittle produce has so far been brought out, or even used for local consumption. You see the .uneasiness reflected in the price of Canadian Pacifies, which to-day are below 220. These popular international sliares have rattled down 60 points since the outbreak in the Balkans; and 'although much of the collapse is undoubtedly due to the tightness of money and the fear of even more disastrous wars, those factors do not explain it tall. The, nervousness ia not only about the Canadian railways, but about the Dominion as a whale. For the moment there is a pause in the flow of money across the Atlantic. Canadian affairs- are at a critical stage. Given a couple of bumper seasons, and all will be well: but given bad ones, a great financi/l crash is not improbable. • Of course/ the disaster would be but temporary, as was Australia's smash in the- nineties. You can't arrest for long the triumphant march of wide young countries.