Business: Balance of Powers

Into the eastern railroad situation of the U. S. were injected two large new merger plans last week, carrying promise of consolidation and settlement, carrying also prospect of confusion and conflict.

The Baltimore & Ohio R. R. suggested a merger that would more than double its mileage and valuation. The Chesapeake & Ohio R. R. offered a plan that would link the somewhat scattered Van Sweringen holdings into a unified and expanded trunk system.

The New York Central R. R. was rumored to have a merger in process of...

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