RISE IN UNION S.S. SHARES.

Auckland Star, Volume XLVII, Issue 174, 22 July 1916, Page 5

RISE IN UNION S.S. SHARES.

RUMOURED AMALGAMATION WITH P.. ANB; 0. COMPANY. Sharcs-in-tli'e Union Sfcam Ship Company of Xew- Zealanii etand ; itTf2 17/. They"have"risen" last fortnight, consequent on the rumours of the absorption of the company by the Peninsular and Oriental Steam Navigation Company. ~': y"■■;._.■_ •'y.cr.' -■ ■ ■;■• ■. no- KfiGOTiATioyliiS : -. (By £i^&ttSn.) ' "K-.v SjStJSEKEf, J ''fKB day. The. "Star , ? states it haer the authority of the managing director of, tlie; ;TJnion Steamship Company to say npVnego^iations with; the P. aad G. Gompanyiave taken place. /;. -' ->-,-i LOCAL OPIKIOW. Apparently no information of ainorrj definite character, has, been received locally, for an inquiry! made; kt theofficc of the Union, Steainsiiip Company^thii morning elicited the information,..that nothing was known ofthe beyond its > publication <in thfr " In other»quarters, where-ian.-'.expres-sion of an opinion may reasonably 1 is regarded, as more than mereepeculbition. the view is taken that .the enarp. rise" in shares, coupled with the fact that "preference shares have not niovedv r >and with

the marked activity in regards to"» tha company's shares' in Dunedin;: its .heutiquarters, indicates; an. early, amalgamation. In what direction that ; -wiU>: -be can be only guesswork until a - definite announcement is made/ but the opinion 13 expressed that if an on the tapis it is'highly that the 'T , eninsul^'.,ahil_ : which: recently" took, over.'theiNew}, Zealand Shippmg.Company's service;, will-be the other party'to"the"'a'malgimationl