16 APRIL 1954, Page 30

I REFERRED recently to the disappointil report of CANADIAN PACIFIC

but added tha' it was difficult to recommend the sale of 1; stock yielding 6 per cent. which wont° probably improve with Wall Street. T1, facts have since emerged which _ion!' holders sitting tight.. First, the recovery 1° lead and zinc prices will improve the trad' ing of its subsidiary Consolidated Minirtg and Smelting. Secondly, the 1953 inconls from oil rents and royalties amounted t,,° $7.3 millions against $3.6 millions in 1954", (This income is credited to land surphl' account, not revenue.) HUDSON'S 0A,5r1 which I recommended for mixing, Int" risen strongly from 102s. to 110s. on !ill report for the year to January, 1954, whic showed a rise of 18 per cent. in net prontsi The directors are issuing one new share 70s: for every eight held. The compallY„ lands will be found in most of the Canadil oil fields. In fact, Hudson's Bay nil Canadian Pacific together must have finger in every oil pie in Canada.