SHIPPING COMPANIES.

Lyttelton Times, Volume CXXIII, Issue 15920, 4 May 1912, Page 11

SHIPPING COMPANIES.

ISSUE OF NEW SHARES. (Received May 3, 11.5 p.m.) United Press Association—By Electrio Telegraph—Conyright. LONDON, May 3. Peninsular and Oriental Company's snares are quoted at £336. Tha new issue is the cause of the relapse. It is suggested that tho directors' action in issuing new capital is" due to a desire to checkmate operators who are seeking to control the company. The Royal Mail Steamship Company is issuing 900,000 ordinary stock, chiefly with a view to the development of a connection for the opening of the Panama Canal;