THE CUNARD LINE

Gisborne Times, Volume VIII, Issue 537, 3 October 1902, Page 2

THE CUNARD LINE

The speculator, seemingly, always comes in for the spoil. Tho British Government had.no sooner concluded au arrangement, with the Cuaard line when, so the cables inform us, there is a phenomenal rise in the price of the Company’s shares. A large, rise was no doubt to he-expected, as. the ■ Company must be greatly strengthened by the support given by the Imperial Government-, with which Pierpont Morgan deemed it desirable to make terms. But the latter stands to win all the time, and apparently the new arrangement, while suiting the British Government/will suit the Morgan ring still better. He has no wish to light when he can obtain his ends without a warfare that means money, it is satisfactory to know that tee Britisli Government are at last waking up to the need of doing something to avert the threatened seizure of the whole of her mercantile marine, and the terms seem fair enough. It is not, however, made clear as to what will happen in the- event of foreigners purchasing heavily of Canard shares. That, of course would-not prevent the carrying out of the arrangements entered into, but it serves to' siiow how the speculator always gels the best of any arrangement made. It is in reality also a further triumph for the Americans, for they will obtain trade advantages through the subsidising of the Cimaril line, and will make good use of all opportunities to try and beat the British in their own market.