Oldal 3 [3]
OCR
on the long point of view there is every reason to be optimistic. : Comparing the New York and Montreal Stock Sxchange in the period between December 31,4 1938 and the high point reached by both ín the summer 1951 (August and September, respectively) ,that results show that dow- jones industrial average had increased 75 %,while the Montreal Industrial Stock Average had reached a hight of 187 % over pre-war. Since then to the beginning of June 1952,the Montreal Average has declined 19 % while Dow-Jones dropped only 1.8 % Therefore,the Canadian market,compared to the AmeriCan, had an adequate correction. But 4n tarmsof pre-war level it 18 still 37 % above the American. The premium commanded by Canadian common stocks above U.S. stocks at this time, maybe justified by the more rapid growth of Canadian economy today, and certainly by the prospect of substantial expansion in the future. For example, the gross national products of the United States rose 200 % in the period between 1936 to 1951. During these 15 years the gross natural product of Canada increased 300 2. At the same time, prices in the 2 countries drose at about the same pace, Having taken a rapid glance at the general economic picture of Canada, it seems appropriate to give a short discription of some of the outstanding, strongest and best managed companies in the major Canadian industries. In the Petroleum fieldg,the most important of the larger oil companies is Imperial 011, In 1951 it produced 20 million barrels,close to half of the total Canadian production. At the end of 1951,reserves were estimated at 590 million barrels. The company also held 25 million acres of possible oil bearing territories, British-American is the second largest o11 company in Canada, It drilled 24 wells in 1951 resulting in the discovery of 2 fields in Alberta. It holds over 4 million acrese Here are now some of the smaller 011 Ccampanies which have a competent and high-grade management,acreage in promising areas, and finally adequate financing for exploitation. Canadian Superior 011 Co. of Canada.This company hag a
